With silver breaking out of its March 24 high of $38.14, precious metals expert James Turk believes the silver price could assault the all-time futures market high set in Jan. 1980 of $50.35 per Troy ounce. Turk, founder and president of bullion storage service Goldmoney.com, told King World News he’s surprised that the latest 40% [...]
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Marc Faber: Outlook for April and Beyond
Speaking with hosts Matt Miller and Carol Massar on Bloomberg Television’s afternoon program “Street Smart,” Marc Faber, publisher of the Gloom, Boom & Doom Report, offered his latest thoughts on a variety of financial subjects—including his guess for the direction of equities in April. On the prospects for QE3, Faber reiterated his views of [...]
Stocks headed higher, says Louise Yamada
In an interview with Financial Sense over the weekend, famed market technician Louise Yamada said she expects the S&P 500 to consolidate within its recent range of the March 16 low of 1249.05 and the Feb. 18 high of 1344.07, and then move higher. Yamada is managing director of Louise Yamada Technical Research Advisors founded [...]
Peter Schiff: “Don’t be suckered.” Stick with Gold.
“Don’t be suckered into the idea that recovery is just around the corner,” stated Peter Schiff, author of recent financial bestseller The Little Book of Bull Moves: Updated and Expanded and CEO of Euro Pacific Precious Metals. In his responses to a Q&A hosted by Casey Research, posted Wednesday, Schiff hasn’t changed his pessimistic view of [...]
Jim Rogers: U.S. Dollar may be Near “Tipping Point”
Speaking to hosts Matt Nesto and Jeff Macke of the Yahoo finance’s new daily trading and investing show “Breakout,” world-renowned investor Jim Rogers said he is considering buying the U.S. dollar at current levels. Rogers, a U.S. dollar bear in the longer-term, has in the past repeatedly stated that it’s unlikely that the dollar will [...]
Marc Faber: QE18, or bust!
—Fed “probably watches the S&P every day” In a March 15 early morning phone interview with CNBC, the Swiss money manager and editor of the Gloom Boom Doom Report, Marc Faber, said the catastrophic events in Japan gives the Fed less cover for an orderly discontinuation of its quantitative easing (QE) programs. But in the [...]
Is Marc Faber’s Stock Market Correction Finally Coming Due?
Nearly five months have passed since Marc Faber’s prediction of a 10% correction in U.S stocks. It hasn’t happened. Will the month of March be the charm? Speaking with Margaret Brennan on Bloomberg Television’s Oct. 26 edition of “InBusiness,” Marc Faber, dubbed Dr. Doom, said, “We are in the inflation trade again,” underscoring “a weak [...]
Dow Theory Letters – Richard Russell: $6,000 Gold
In his latest letter to subscribers, author of Dow Theory Letters Richard Russell said he expects $6,000 gold sometime during the bull market in the yellow metal, which celebrated its 10th consecutive up year in 2010. “Today while gold is within a few percentages of its record high, I’m asked how high I think gold [...]
You can’t make this stuff up! “Ben Bernanke’s plan worked; what happens after?” says AP
Heading the list under the top financial news story of the first day of March is an Associated Press article, entitled, “Ben Bernanke’s plan worked; what happens after?” (AP article here). “Nearly everything is going according to the plan Federal Reserve Chairman Ben Bernanke hatched six months ago,” the AP begins the article. “Since then [...]