By Michael Lombardi, MBA | February 6, 2014
Fasten your seatbelt, dear reader. We’re in for a global financial crisis, a currency fiasco, and a stock market collapse all in the same year!
I’m being too bearish? Not after you read this…
In their search for economic growth in 2009, the Federal Reserve and other major central banks in the global economy started lowering interest rates and printing paper money.
While the central banks of the world wanted … Read More
By Michael Lombardi, MBA | July 15, 2013
Back in late 2011, I created a widely circulated video that included six predictions. I hit it on the head with five of those predictions. But the winners are not what are important to my readers today; it’s the prediction I didn’t get right that’s vital now
Back then, I said the U.S. dollar was “dead” and wouldn’t go anywhere. I pointed out that if it were not for the … Read More
By George Leong, B.Comm. | June 20, 2013
As many of you know, I’m not keen on the near-term prospects for gold at this juncture. The metal, while still viewed as a safe haven for some, is no longer on my buy list.
Yes, central banks are buying gold, but so what? The supply of the yellow ore continues to be ample, and demand really doesn’t appear to be doing anything.
In mid-April, I was bearish on gold … Read More
By George Leong, B.Comm. | April 17, 2013
Commodity prices have been heading lower on the charts.
In fact, it has been an awful few days for gold as prices plummeted, failing to hold $1,500 an ounce.
Prices dove right through support at $1,400 to $1,385.62 on Monday—the lowest level since 2011.
The shiny yellow ore is in a bear market. Down 27% from its magical peak of $1,920 in September 2011, it has been nothing but turmoil … Read More
By Mitchell Clark, B.Comm. | February 1, 2013
There is a serious problem in the gold mining business these days, and it’s not because of the stagnant spot price. Costs are going up industry-wide, and it is making buying gold stocks much less attractive.
Gold prices have been in consolidation for about a year and a half, and I feel they should experience an upward breakout later this year. But cash costs per ounce are going up, and … Read More