Daily Updates

Chief Investment Strategist Keith Fitz-Gerald explains how inverse funds, oil and other commodities, dividend-paying securities and “sin stocks” should be part of any well-crafted “defensive-investing” strategy.]

Prussian military theorist Carl von Clausewitz once said that “the best defense is a good offense.” Although that bit of wisdom has been used everywhere from the battlefield to the gridiron, it could just as easily be deployed as part of a “defensive investing” strategy.

And in today’s markets – whipsawed by worries emanating from virtually every major market around the globe – a defensive-investing plan needs to include protective stops, inverse funds, high-yielding dividend shares, “sin stocks, and investments in oil and other value-storing commodities,” Keith Fitz-Gerald, the best-selling author who is Money Morning’s chief investment strategist, said in an interview this week.

With the world markets in flux, Fitz-Gerald sat down with Money Morning Executive Editor William Patalon III to talk about defensive-investing strategies. What follows is the full text of that interview.

…..read the interview HERE.

The Gold-Scotch Connection!

Posted by Jack Crooks - Black Swan Capital

on Wednesday, 2 June 2010 15:12

Quotable

“This can end only in two ways. Either Germany tolerates massive monetary reflation by the ECB or Spain will be forced out of EMU, setting off a catastrophic chain-reaction through north Europe’s banking system.” – Ambrose Evans-Pritchard

FX Trading – The Gold-Scotch Connection!

Now even Iran is jumping on this dollar bull market… The Iranian central bank has announced that it will sell 45 billion euros from its foreign exchange reserves to buy dollars and gold, China’s official Xinhua news agency reported on Wednesday, citing unspecified Iranian media reports, Reuters reported. 

Helps explain why the dollar and gold have been moving in the same direction.

Gold vs. US$ Index Weekly:

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….read more HERE

There is a war against gold. Politicians hate a rising price of gold. So do central bankers. A rising price of gold testifies against the politicians, who spend more money than they collect in taxes or borrow at interest, and it also testifies against central bankers, whose promises to stop rising prices is a lie that has not come true since about 1939……

The Gold Wars

Table of Contents:

1. Gold at $10,000?. . . . . . . . . . . . .  . . . . . . . . . .. . 1
2. Gold’s Tremendous Leverage . . . . . . . . . .  . . .. . . 4
3. Greenspan, the Gold Bug . . . . . . . . . . . . . . .  . . . 11
4. Government Gold Standard: Bait and Switc. .      . . 17
5. Two Kinds of Gold Standard. . . . . . . . . . .  . . .   .. 22
6. If Gold Goes to $3,000 . . . . . . . . . . . . . .. . . . . . . 27
7. Gold at $3,500 by 2010?. . . . . . . . . . . . . . . .  . . . 33
8. Gold Is a Political Metal . . . . . . . . . . . . .. . ….. . . 42
9. Gold Sales Threatened (Again) . . . . . . . . . . .  . . . 49
10. Is America’s Gold Gone? . . . . .  . . . . . . . . .  . . . 54
11. Cliche: “Gold Is Just Another Commodity. .    .  . . 65
12. Cliche: “There Isn’t Enough Gold” .  . . . . .  . .  . . 70
13. Exchange Rates and Gold . . . . . . . . . . . . . .  . .  . 84
14. The Re-Monetization of Gold . . . . . . . . . . . .. . . . 91
15. Gold’s Dust and Dusty Gold. . . . . . . . . .. . . .  . . . 99

…..read it all HERE (click “Save as” on your browser and download this .pdf)

For more on Gary’s current opinion go HERE

 

Brief Update – Stocks and Gold

Posted by Peter Grandich - Grandich.com

on Tuesday, 1 June 2010 15:22

U.S. Stock Market – The “Don’t Worry, Be Happy” crowd’s last stand is in danger of being broken to the downside. (There’s still a possibility of a right shoulder formation, so watch carefully).  As good as they are with hype (just watch CNBC-TV if you don’t believe me), I don’t believe even they can spin the very bearish technical signal we would get if and when key support noted here is broken. Stay tuned.

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Gold – The “mother” of all secular bull markets continues in gold. For the umpteenth time the perma-bears, weak-kneed bulls and many in the media who don’t like gold (and/or the people who embrace it) have given us a pause that refreshes with their “gold is a bubble” or “gold has topped out” cries.

…..read about Peter’s Q & A with Rodinia Minerals New Executive Chairman HERE

…..all Peter’s articles HERE

 

On Major Moves, Peter Grandich has been very right and not only saved many investors fortunes, but expanded them dramatically. On November 3, 2007 at the MoneyTalks Survival Conference, Peter Grandich of the Grandich Letter warned that “an unprecedented economic tsunami will hit American beginning in 2008”.   Peter advised publicly to short the US market two days from the top in October, 2007 and stayed short until the last week of October, 2008. He began to buy stocks in March 7th,  2009. He also bought oil and oil related investments near the lows after the dive from $147.

U.S. Inflation/Deflation – Fascinating charts

Posted by Ian R Campbell - Stock Research Portal

on Tuesday, 1 June 2010 14:52

chart

Calafia Beach Pundit shows how the U.S. has been experiencing both long-term inflation and deflation at the same time. Essentially, the cost of services has been rocketing higher, just as the cost of durable goods has been rocketing lower:

Twelve U.S. Deflation Charts

12 Charts On The Spread Of Deflation Across The (U.S.) Economy’.

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Who to Believe, U.S. Inflation/Deflation

An article today titled ‘U.S. Economy:  Who to Believe?”  reports on a number of upbeat comments made yesterday by U.S. Fed Officials.  The article then goes on to recite contrary commentary by Chinese Premier Wen Jiabao, the European Central Bank, Nouriel Roubini, and others.  The article concludes with the author asking the questions (I assume ‘tongue in cheek’): “So, who should I believe?”

….read it HERE

 

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