This article concludes that the probability of another stock market crash within the foreseeable future is very high. The word "crash" is used advisedly.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
Our title is borrowed from a caption of the Chicago economist and monetary scientist Melchior Palyi (1892-1970) writing on the fiscal and monetary legerdemain of the U.S.
Last week was interesting with precious metals stocks finding support and moving higher to close above resistance on Friday.
Last week gold rallied away from the danger zone, leaving behind a fine small Double bottom on its chart, and it is now shaping up to begin a strong run.
The markets in general just couldn't eek out a seventh week of gains. However they didn't lose much and are holding up surprisingly well in the face of worse and worse news, for now.
In a series of maneuvers, Chinese officials have revealed their strategy implementation in a very broad set of steps.
Over the past two weeks the broad market has been inching its way higher. The recent intraday volatility indicates bull and bears are both trying to take control. Money flows in one hour and out the next.
Everyone is a player when it comes to gold. Investors, speculators, doomsday merchants, scholars, traders, governments, central banks, coin collectors and scrap metal dealers.
It has recently been stated by various writers in the press as well as politicians and thinkers such as De Bono, that the recession is up to 50% psychological.
"The problem with Socialism is that you eventually run out of other people's money." Margaret Thatcher.
In this morning's media, (April 19th 2009) a Reuters article appeared, entitled U.S.
So many people want to know how to trade gold and to be honest, if your patient enough to wait for a buy signal and low risk setup then trading gold can really pay off with only a few trades.
Following my decision last November to quit writing these reports, I was inundated with a flood of emails requesting me to continue writing. The emails are still arriving some six months later.
One must give a tip of the hat to the Wall Street conmen for engineering a reasonably robust stock rally. The Dow and S&P were led by financials.
For years we have all watched Zimbabwe in dismay as it printed trillions of dollars thinking it could out run the inflation rate.
So far this week has been very tame as traders are sit on the side lines, waiting to see which way everything will go.
A LEADING EXPLORATION COMPANY IN THE PROLIFIC RED LAKE GOLD CAMP IN ONTARIO
Business Summary
Mention the word GOLD to any group of friend's colleagues or clients and watch their reaction. People either love gold or hate it; but there aren't many who feel ambivalent toward it.
At this special Easter Time I would like to dedicate my market work in general to a fallen friend from long, ago. I doubt that anybody would appreciate my work with the markets as much as he would.
Hypothesis:
Increasing the money supply fosters currency devaluation; AND currency devaluation is a discreet, subtle method for WEALTH DISTRIBUTION.
In my previous paper The Revisionist Theory and History of Depressions I argued that persistently falling interest rates cause an erosion of capital, unseen but nonetheless lethal.
At this special Easter Time I would like to dedicate my market work in general to a fallen friend from long, ago. I doubt that anybody would appreciate my work with the markets as much as he would.
Gold and oil traders have been on edge for the past few weeks wondering if prices will drop or rally from this correction/pause in prices.
Another week full of "good" economic news has passed. Preliminary bank earnings floated the stock markets late in the week.
Why can't folks break the habit of being so pessimistic at market bottoms? Not that we're complaining, if they did that would be one less thing that we'd have to go on.
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With gold stolen by Conquistador Francisco Pizarro from the Inca Empire in 1532, Spain financed its conquest of Europe.
