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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.

 

The springtime corrections are really about done. They have gone on for a couple of months. The extent of the pullbacks have been tested and retested. The long-term trends are just about ready to asset themselves again.

For the last two days, I attended and participated in the Hard Assets Investment Conference in New York City which was well attended with many great speakers and companies.  I always encourage investors to attend these conferences

In my piece 'The Investment Case for Junior Mining Companies' I suggested a bottom for the juniors must be near based on the CDNX/GOLD ratio.

Gold Market Update

This afternoon toward the market close a poster on the Gold-Eagle Forum, Silverik, asked me when I expected Gold to get on its way, higher.



GLD – on sell signal.

Once every several months, an opportunity is presented on a silver platter to purchase a spectacular investment in a strong uptrend, with loud indications of continued upward trend in price.

Hyman Minsky, Ph.D. (1919 – 1996), was an economist and professor at Washington University in St. Louis, but stayed in New York during last 10 years of his life.

It’s that time of year, and change is in the air.  The grass turns green and the trees start to bud.  Sometimes, Spring seems to suddenly “spring on you” after a nasty end to winter, and sometimes the markets act the same way.  In



GLD – on sell signal.

There is a strong probability that the correction in the gold market from the $1033 peak of 17 March 2008 is complete.

When I first started investing I heard those words many times- “Don’t fight the Fed.”  In light of the bull market in the general markets that phrase generally meant that the Fed can affect interest rates, and interest rates can be

Gold shares performed well on a relative basis during the first quarter, even though they under performed gold bullion itself which scaled the $1000/oz.

I watched a movie this weekend that I really enjoyed.

Why we Americans ever abdicated our financial freedom to a group of 12 unelected individuals who sit on the Federal Open Market Committee, is beyond me.

Wagner’s opera Gotterdämmerung is about the twighlight of pagan gods. The most powerful of the latter-day pagan gods that has been guiding the destinies of humanity for the past two-score of years is Irredeemable Debt.

Back in the late 20th century there were predictions that the 21st century would be characterized by “resource wars” where fighting breaks out between countries and aligned groups of countries, as they scramble to secure increasing

One of the most interesting economists of the early 20th Century was Joseph Schumpeter.


Hold Your Head Up Original Song from Tom Cellie



http://youtube.com/watch?v=sk68PxILE00

“Paper money will ruin commerce, oppress the honest and open the door to every species of fraud and injustice” George Washington

The two primary engines pushing the USDollar down are extraordinarily low borrowing costs and extraordinarily high monetary growth.

The chart patterns in the following three scenarios are unanimous: The industrial markets will rise back to (but not yet break above) their previous highs: (Charts courtesy stockcharts.com)





GLD – buy signal this week.

This article continues the discussion on the current financial turmoil. This is part of my series “What Caused Home Mortgage Products To Go Out of Control?”

Few seem to remember that Wall Street is not a non-profit community driven by altruism or any sense of service. They would gladly cheat you out of your entire life savings if their actions were legal, or at least not prosecuted.

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Throughout history the ruling class has always sought to own gold and silver because they represent purity and longevity.

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