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By Monty Guild & Tony Danaher, on July 28th, 2011
As we look around two years after the end of the recession in mid-2009, we find a still grim economic landscape, with unemployment statistics stuck in the doldrums and hardly a hopeful sign of improvement. Gross domestic product growth is ever so slow. Why is this happening?
The easy-to-prove answers that rush to mind are 1) big government and 2) interventionist politics at the Federal level.
Our Republican readers may naturally want to blame Democrats. However, the facts say that both parties are to blame. They have both worked to increase government intervention. Since 2000, both the Bush and . . .
Continue Reading: Why The U.S. Economy Is Doing So Poorly?
By Monty Guild & Tony Danaher, on July 21st, 2011
Summertime, history tells us, is wobble time for gold. It weakens in value. Not so this summer.
Moreover, gold usually drops in value when the dollar rises. Not so now. Since May 1, gold is up 2.58% percent even as the dollar has risen by 1.76% percent.
Why, to put it poetically, is gold so bold, not weak or wobbly in any sense, and, just the contrary, primed to keep busting through all-time record highs?
We’ve written a lot about our bullishness in past issues. Another answer becoming more and more evident is the desperate rush by investors to shed Euros.
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Continue Reading: More Fuel for the Gold Rush of 2011
By Monty Guild and Tony Danaher, on July 14th, 2011
The Fraying European Union
After a tragic history of bloody wars, Europeans have looked for decades with great hope at the transcendent aspirations of continental cooperation, a European Union aiming to improve relations, enhance trade and prosperity, and prevent future wars. In such a fraternal climate, one might think that the union, as an organization of diverse states, would provide clarity in regard to the financial risks as well as rewards involved in its activities.
Unfortunately, it’s not happening. The European Union and European banking system is melting down.
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Continue Reading: We remain very bullish on gold, oil, and food commodities. This newsletter will make it amply clear why.
By Monty Guild and Tony Danaher, on July 7th, 2011
FUNDVIEW-Oil will hit $150 in U.S. despite IEA -Guild(Reporting by Ikuko Kurahone)
LONDON, July 6 (Reuters) – The price of physical crude oil will hit $150 a barrel this year in the United States due to unrest in North Africa and the Middle East, despite the emergency oil stock release coordinated by the International Energy Agency (IEA), a U.S. fund manager said.
Monty Guild, the chief executive of Guild Investment Management, said the IEA’s move did not change oil’s fundamentals.
“Our opinion continues to be oil prices will reach $150 barrels this year due to the fighting near Saudi . . .
Continue Reading: Recent Interview on Reuters with Monty Guild
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