Prognostic

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48 Comments

    • Sun Nov 16th 10:44 AM | Rating: 0 0
      Commented on:
      Credit Markets and the Price of Gold
      I thought Gold price went up when rumors of huge billion dollar Gold purchases by Saudi's hit the press. This might start a run on Gold by Asians who have a much bigger attraction for the metal than westerners do and that only means Gold will continue to shoot up in the near future.
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    • Wed Nov 12th 22:51 PM | Rating: 0 0
      Commented on:
      The Impact of China's Manufacturing Crisis
      To ConsiderThis:

      I have read several of your comments. Very astute and I think you are right on the money.

      What I don't understand in this mess is how does Gold get impacted if indeed U.S. dollar collapses. Historically speaking this should be good for Gold because there is no other currency that can occupy dollar's place and investors will rus to gold.

      Am I getting it right? What is your perspective on this?
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    • Sun Nov 9th 11:02 AM | Rating: +3 -2
      Commented on:
      The Reagan Counterrevolution
      The core of what Schiff says is right on.

      We need an economy that is powered by real savings and real production. We manufacture nothing in the U.S.A. Yet every stimulus packaged discussed is making the U.S. consumer go to the shopping mall and spend money buying foreign products. Tell me this -- all those manufacturing jobs we lost we replaced with what? Engineers and technicians who made $50 an hour now make $15 an hour in the service industry flipping burgers? It is one thing for a politician to stand on a pedestal and speak mightily about free trade and not erecting trade barriers but it is entirely another thing if there is no backstop program to help/assist those displaced to move into alternate jobs where they make the same amount of money. Tell me this -- we have destroyed nearly 100% of the manufacturing jobs in this country and replaced them with nothing! Now outsourcing has taken hold and is destroying all our technical jobs and replacing them again with -- NOTHING! We need to fix the real two problems that we have no savings and we manufacture and produce nothing in this country. Otherwise all we are doing is putting a bandaid on the wounds until the day comes when they are ripped apart by foreign investors who hold trillions of dollars of our debt and we will then have to shape up and become a mighty economy again or go down the tubes and become subservient to China and India and let them use us like we used them. How about China and India opening up call centers here because we have now become the low cost low wage poor country and the income level and spending power of their populations have gone up? How about when other economies of the world will do to us what we have done to them the last few decades as the situation completely reverses and we would work for them instead of them working for us? That day is coming my friends and nothing short of a radical realization of our follies and immediate corrective actions will fix it!
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    • Sat Oct 25th 14:11 PM | Rating: 0 0
      Commented on:
      Gold in a Credit Crisis
      Antibug doesn't get it.

      It is just a matter of time before the antics of idiots like Paulson and Bernake and the joke of a hearing that is going on in the congress will erode global faith in American financial system. It is just a matter of time before people realize that the U.S. givernment plans to flood the world with currency printed in presses that are running overtime. When this confidence falls where do people run to? I assure you it won't be another paper currency because it appears that the ROW central bankers are been equally irresponsible and their paper money is probably as worthless. For centuries Gold created the basis for a fiscally responsible financial system until the paper money standard took over and got us into this mess. It's scarcity creates value and through centuries it has held up its value through various civilizations and many ups and downs. To argue that all this has been undone in the last 20 years is a very a foolish thing to say.
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    • Fri Oct 24th 18:53 PM | Rating: 0 0
      Commented on:
      Gold in a Credit Crisis
      To say that people will lose faith in foreign currency and rush to the useless currency of a massively debtor nation (U.S.A) sounds highly off the cuff to me. What the dollar has had is a short term rally while people are trying to get their bearings. When they see that the dollar is backed by a debtor nation whose productivity has been abysmal over the past several years and whose inflation numbers have been massivley doctored to fool its citizens and the rest of the world -- the flight from dollar will begin. Where will people run to then? Gold!!! The reason why you can't look to the past to forecast the future is we have never had a situation where people even contemplated running away from the dollar. When that happens it will change the rules of the game.

      Gold at $5000 an ounce will be a bargain a few years from now.
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    • Fri Oct 24th 18:43 PM | Rating: 0 0
      Commented on:
      The Favorable Outlook for Gold
      Ask yourself this.

      #1 When QQQQ was about to hit just a handful of weeks back did you stop and wonder "How in hell could techs keep going up when businesses and consumers are dying out there?" You thought for a while perhaps, articles were written like this one about Gold, and everyone talked up the fact that Techs coud just keep producing profits in perpetuity and the bubble burst!

      #2 Just a few weeks back when Oil was trading at 145 plus people predicted $200 oil. Goldman's analysts called for a "super spike" in prices. Some of us sat back and wondered and instead went with the herd and got burnt.

      #3 PRESENT TIME. People wonder why Gold is heading south when it is so clear that the irresponsible nation U.S. is trying to print their out of a financial crisis of global proportions. Governments around the world soon will flood the marketplace with printed money. Bernake thinks it is as easy for the government to print a million dollar bill as it is to print a one dollar bill and he is pulling no stops in his quest to print money like it is going out of style. The result will be massive hyper inflation and a likely flight from all of world's paper currencies... yet... the market is seemingly running away from gold and into Bernake's camp... At least for the time being...

      Clock forward. Six months from today. What is the price of gold???
      View article »
    • Tue Oct 21st 19:23 PM | Rating: 0 0
      Commented on:
      Earnings Preview: Amazon.com
      If Apple results are any indication then Amazon too will bring home the bacon. Expect a surprise to the upside with Kindle!
      View article »
    • Thu Oct 16th 19:04 PM | Rating: 0 0
      Commented on:
      NCC Optimistic While Considering Its Options
      NCC is a strong and viable franchise and has the capacity to make it through this crisis on its own. Agree completely that it can't be had for a "distressed" price and the buyer would have to pony up at least $6 or beyond to be successful in a bid.
      View article »
    • Tue Oct 14th 19:04 PM | Rating: 0 0
      Commented on:
      In the Great Global Macro Experiment, the Next Bubble to Burst Is...
      Dear Reggie:

      Ignore the naysayers and the bashers. They are everywhere. As the saying goes "Dogs bark but the heaven doesn't care!'

      I do have a question fo you. What I am interested right now is charting a course of investment action in this very difficult marketplace. When Warren Buffett picked up sizeable investments in GE and GS I figured here is a reknowned investor trying to tell us it is OK to invest in this market for high future returns. And then I watch Jim Rogers who wants to hang all our Fed officials and politicians for destroyong our economy and one who predicts end of the U.S. economy and U.S. dominance of world market and predicts runaway hyper inflation. Buffett is saying "Go ahead, invest in equities.." and Jim Rogers saying "Buy tons of gold and secure foreign currencies and short everything U.S..."

      Where in the blog have you given direction to investors with regards to this conficiting scenario? Appreciate your help.
      View article »
    • Sun Oct 12th 12:09 PM | Rating: 0 0
      Commented on:
      Is Gold A Sucker's Bet?
      Govt is printing massive quantity of money and thus will cause inflation.

      I don't believe this because this money is being printed and will replace some (not all) of the trillions of dollars of lost wealth. The inflationary effect from this is going to be minimal. This will be one of the reasons why Gold will not go up in value.
      View article »
    • Mon Oct 6th 22:31 PM | Rating: 0 0
      Commented on:
      Bill Gross Says 'Jump.' Will the Fed Once Again Say 'How High'?
      Be happy that he wrote the column because he is dead right on the money. Hope the Fed acts and implements his recommendations!
      View article »
    • Sat Oct 4th 13:30 PM | Rating: 0 0
      Commented on:
      Bailout Bill Passes; What Happens Now?
      Gabe Borenstein nailed it in his message.

      The autor and the other folks who have posted doomsday messages eher are wrong and are to be found saying the same sort of thing at the end of every economic cycle. As we begin the new cycle these doomsday mavens will be left on the sideline as the economy takes off on yet another up cycle resulting in significant equity and wealth appreciation. I predict that the Dow will have one of the best years in 2009 heralding a stock market boom which over the next 5 years take Dow beyond 15,000. The sectors that will lead the way up in most significant appreciation are Finance and Energy. Some of you may have noticed that there was a bill on tax credits for alternative energy that was approved alongside the monstrous bailout plan. This bill help create an industry that is magnitudes times greater than the Internet. Investors should look at solid plays in alternative energy. Solar is helped more than wind by this tax credit bill.
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    • Wed Sep 24th 17:30 PM | Rating: 0 0
      Commented on:
      E*TRADE Financial: It Was Good to Be Long
      ETFC is a 3-bagger stock by the end of this year.
      View article »
    • Wed Sep 24th 17:27 PM | Rating: 0 0
      Commented on:
      LDK Solar: Astounding Growth & Incredible Value
      I expect these solar stocks to shine the remainder of this year:

      LDK, JASO, SPWR, WFC, SOLR and CSUN
      View article »
    • Wed Sep 24th 17:26 PM | Rating: 0 0
      Commented on:
      LDK Solar: Astounding Growth & Incredible Value
      Talk about a total disconnect in the market with a stock and its prospects! As LDK gets pushed to new lows I have stood on the sidelines and wondered when this madness will end!

      However I believe this is all about to change. The Senate passed a generous energy bill and it is just a matter of time before the light is shown on the hidden value in LDK. I expect LDK to be trading in the 60's by December.
      View article »
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