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By Monty Guild and Tony Danaher, on September 16th, 2005
WHY GOLD DOES NOT NEED INFLATION TO GO UP, AND WHY THE DEFLATION OF THE REAL ESTATE BUBBLE MAY VERY WELL PROVIDE ALOT OF BUYING POWER FOR GOLD
I do not believe that the U.S. or Europe will go into a serious recession in 2006, although higher oil prices may cause U.S. and European corporate profits to rise very slowly, or even be flat in 2006. Retail sales will not collapse but they will definitely slow.
Higher oil prices will not rapidly give rise to a major recession and inflation like they did in the 1970’s for 4 reasons.
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Continue Reading: GOLD DOES NOT NEED INFLATION TO GO UP
By Monty Guild and Tony Danaher, on September 15th, 2005
Several years ago, we became bullish on energy and precious metals for our clients. Our bullishness was a creature of long term economic and social events, which will continue to effect the world for at least one generation and probably longer. The most important event is the entry of about one billion new people into the developed world economic system. On top of the generational trend there are shorter-term trends as well. They may be connected to the election cycle in a country, or to seasonal or other cycles, which are a function of local events within an individual . . .
Continue Reading: WHY WE HAVE LIKED, AND CONTINUE TO LIKE OIL AND GOLD
By Monty Guild and Tony Danaher, on September 8th, 2005
U.S. ELECTIONS IN 2006: LET THE GIVEAWAYS BEGIN!!! WHY GOLD AND FOREIGN CURRENCIES WIN WHEN THE U.S. ELECTION SEASON HEATS UP
The entire House of Representatives and one-third of the Senate is up for re-election in November 2006, and it looks like the incumbents are giving away as much as possible to buy votes. The first phase will be cash giveaways as damage control for the poor Federal response to Hurricane Katrina. Congresspersons and senators are part of the federal bureaucracy. Although they represent individual districts that may be far from the hurricane site, they are afraid of being . . .
Continue Reading: PUT ON YOUR FEED BAG: U.S. ELECTIONS COMING UP IN 2006
By Monty Guild and Tony Danaher, on September 6th, 2005
STOCK MARKET RALLY IGNORES BUDGET DEFICIT INCREASE THAT KATRINA WILL CERTAINLY DELIVER
STOCK BUYERS ARE JUST HAPPY THAT THE SPENDING ON CLEAN-UP AND REPAIR WILL KEEP THE GDP GROWTH RATE FROM SHRINKING TOO FAST
BULLISH FOR GOLD AND BEARISH FOR THE US DOLLAR
The stock market rally yesterday was a relief reaction to the commencement of dewatering in New Orleans, the closing of two breached levees, and the return of businesses activity in a few cases. I am told that the Mississippi river is navigable and that river transport will begin again in a small way. Once debris is . . .
Continue Reading: GULF DISASTER TO TEST U.S. ECONOMY
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