On the the next radio program: "The Great Dollar Fraud: Liberty & Justice for Wall Street & Washington" Peter Mathews, Chris Powell, Daniel McAdams and David Jensen are guests.
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The Markets are Looking Favorable for Gold & Gold Shares

The monthly average gold price, shown above on your left, reveals a bullish upside down head and shoulder formation. As of the end of this week, the average price of gold during July is $1,317.96. The 20-month moving average is $1,384.33 and the 40-month average is $1,517.52. It isn’t a stretch of the imagination to see how the monthly average ... [Read More]

The Implosion Is Near: Signs Of the Bubble’s Last Days.

David Stockman, Mish Shedlock, David Gurwitz, Daniel McAdams and David Jensen will return as guests on this week's radio program. Gurwitz shares Charles Nenner’s latest predictions on gold and other key markets. Stockman and Shedlock are ... [Read More]

Gold Friendly BRICS Challenge the Dollar and the Fed

“All the News That’s Fit to Print” is still a slogan published at the top of each daily issue of The New York Times. Yet as I opened my copy of that paper on July 16, not a word was printed to discuss the July 15, 2014, announcement in Brazil by the ... [Read More]

The Money Bubble. What To Do Before It Pops?

James Turk, John Rubino, Daniel McAdams and David Jensen return as guests on the next radio program. Turk and Rubino discusses their new book, “The Money Bubble. What to Do Before it Pops?” Both men believe, as does your host, that economic ... [Read More]

It’s déjà vu all over again

*  Waiting on today's data *  Chuck in Canada *  Singapore update *  RBNZ hikes And Now. Today's A Pfennig For Your Thoughts. Good Day. An welcome to Thursday morning. The trading tone was already set in motion by the time I hit the send ... [Read More]

Highlights from Tuesday at Mises U

Tuesday was another full day of lectures and talks at Mises University. for photos, see here and here. We’ve added 8 more lectures from Tuesday in mp3 format to the Mises U 2014 archives, including: The Anarcho-Pacifism of Leo Tolstoy by Robert ... [Read More]

Tuesday at Mises U, Afternoon Lectures

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Inside The Crash In Cotton ETFs

Thanks to extreme weather in some parts of the globe and supply disruptions in others, many commodity ETFs have put up solid performances so far this year. Some of the sectors in the space, including oil, precious metals and some base metals, have ... [Read More]

Top-Ranked Large-Cap Growth ETF In Focus

After a frozen Q1, the second half of the year has been pretty great so far for the U.S. stock markets. Unemployment rate in June fell to six-year lows, new home sales data for May sparked optimism while manufacturing and consumer confidence data is ... [Read More]

Gaspipe Diplomacy: How Ukraine Opened the Door to New U.S.-Russian Energy Fight

South Stream pipeline’s planned route through the heart of Europe If there’s a crack in the unified front between the U.S. and Europe over Russia’s role in Ukraine, it’s 1,480-mile-long South Stream natural gas pipeline. South Stream is a $21.6 ... [Read More]

The US Debt Crisis that Will Never Happen

I firmly believe that there’s not going to be a debt crisis here in the U.S. I was skimming through Barron’s over the weekend and I saw Gene Epstein’s column titled “New Warning on U.S.’ Gathering Debt Storm.” He writes about the Congressional Budget ... [Read More]

The US Debt Crisis that Will Never Happen

I firmly believe that there’s not going to be a debt crisis here in the U.S. I was skimming through Barron’s over the weekend and I saw Gene Epstein’s column titled “New Warning on U.S.’ Gathering Debt Storm.” He writes about the Congressional Budget ... [Read More]

Smart Apps vs. Obamacare

Health care costs in the U.S. have been rising so steadily for so long that containment barely seems possible. Even optimists don’t dream of cutting the price tag. As its official name — the Patient Protection and Affordable Care Act — suggests, ... [Read More]

Herbalife Ltd.(HLF): The Battle With Ackman

Jim Bach: Bill Ackman, founder of Pershing Square Capital Management LLC, may consider his public condemnation of Herbalife Ltd. (NYSE:HLF) “the most important presentation” of his career, but you wouldn’t think so looking at Herbalife stock today ... [Read More]

Live Streaming, Weds. at Mises U: Morning Lectures

Wedesday, July 23 (Central Daylight Time) 9:00 - 10:00 a.m.—The Austrian Theory of the Business Cycle | Garrison 10:15-11:15 a.m.—Everyday Logic of Economics. Gordon 11:30 a.m. – 12:30 p.m.—Contemporary Challenges to Austrian Economics | Murphy ... [Read More]

This Time Is Not Different: Why The Market Is Heading For A Fall

The 2008 Wall Street meltdown is long forgotten, having been washed away by a tsunami of central bank liquidity. Indeed, the S&P closed yesterday at 1,983—or up by nearly 200% from its March 2009 low. Yet four cardinal measures of Main Street ... [Read More]

Dollar edges lower this morning

*  Mixed inflation signals *  Housing improved *  ECB and the Fed *  What wasn't said And Now. Today's A Pfennig For Your Thoughts. Good Day! And Welcome to Wednesday morning. One of the radio stations here in St. Louis has a segment called ... [Read More]

Krugman’s Latest Debt Denial: Why His Two Magic Numbers Don’t Cut It

Professor Krugman is at it again—–conjuring fairy tales about a benign long-term fiscal outlook. Notwithstanding that the public debt has surged from 40% to 75% of GDP during the six short years since 2008, he claims there is no reason to fret and ... [Read More]

Creditism and the Threat of a New Depression

Once we broke the link between dollars and gold, all the constraints on how much credit could be created were removed. Total credit first went through one trillion dollars in 1964 in the United States, and over the next 43 years, it expanded from one ... [Read More]

Safe Haven ETFs To Evade Geopolitical Tensions

Though the broad U.S. stock market has easily outweighed geopolitical concerns and are hovering near its all-time high, the latest series of events might point to some volatility in the coming weeks. This is especially true as the downing of the ... [Read More]

Prohibition Not Appetite is the Problem

Don Boudreaux  at Café Hayek highlighted yesterday’s Wall Street Journal article by Mary Anastasia O’Grady where she asks “What Really Drove the Children North”? Her answer, “Our appetite for drugs caused the violence that made life unbearable in ... [Read More]

Hr 2. The Implosion Is Near: Signs Of the Bubble’s Last Days.

Daniel McAdams discusses how the media only gives one side of the downed Malaysian airliner story which puts the blame on Russia without proof. David Jensen updates the GOFO rate for gold and reveals prices for the other metals markets and gives his ... [Read More]