Peter Schiff always speaks from a credible place because he’s an economist, not a political shill. If we would have listened to more people like Mr. Schiff, Americans might still have some money left in their retirement accounts. China has twice the growth of the U.S. Look around Asia and the Mid East and even parts of Europe…they have...

Gold finished the day up 2.4% at 927.30 which is a 6 month high. Because of their increased leverage to the rising gold prices I think the gold miners will have a better 2009 than the metal. Many people argue the point about gold being money but remember the Fed uses gold as their primary reserve asset. Remember yesterday I talked about how the 928...

For those who watch charts, 835 (right here), 820 (very weak) and 805 would be your SPX support levels today. Going into the weekend, not a lot of buyers out there. Treasuries are getting bought and the markets look lower. I don’t see us staying up here and think we might test the 805 level early next week. 750 is very strong support and if you...

I have been spending a bunch of time on Gold this week as you have read here at The Market Guardian. I own Gold because I am not convinced the markets have reached the point of BUY, BUY, BUY and I don’t see the economy turning for 8-12 months. When we get a BIG bear market rally I will be here with some ideas but for now it is all about making...

There is talk this morning (rumors) that Kinross KGC is looking strongly at Yamana Gold AUY. As soon as I heard this rumor the stock shot north .30. Remember this article? Maybe it is coming true???? POG has also turned up so this may just be another step north! Remember rumors are rumors and that is it. Watch the price action. I’ll dig more into...

UPDATE: FEB 2nd 2009 NEW YORK (MarketWatch) — Barclays Capital cut its rating on shares of Ford Motor Co. to underweight Monday, citing cash concerns and deteriorating international business. In a note, analyst Brian Johnson pointed to worries that Ford could require government assistance late this year. Barclays also lowered its price target...

Guess what gang, Treasuries don’t pay enough to cover the inflation rate. But you still have all the risk of default, the inflation risk and lost opportunity cost. Is treasuries a bubble? We shall see. Is Gold a great long tern investment? The past 8 years have proved that! When the BIG house of cards collapses there are at least cards left on...

Just a quick note for you daytraders out there. I have learned long ago that a trading strategy that works most of the time is “Fading the Fed Announcement” What I mean by this is the minute the Fed announcement is made you will see a large spike in one direction or the other. You need to watch it closely but you should get a spike. If the...

Deflation, Inflation, Good Bank, Bad Bank, Global Meltdown, Just can’t wait to see the Fed comments later today. The Fed already has rates down to 0% to fight deflation where consumer prices drop and the dollar value goes up. See deflation actually helps the poor and middle class people as it makes goods more affordable. BUT now the FED is actually...

The World markets were on the move last night as they looked forward to today’s Fed meeting and the possibility the FED has some new actions up their sleeve on the credit crisis. Future are nicely higher lead by the banks. Seems as if the market finally thinks the idea of the Obama Bad Bank plan will takeshape. This was the original meaning of...

The global financial system is on very thin ice, teetering on collapse. The Fed is spending money at an astronomical rate. It’s creating this money out of thin air by monetizing bad debts and whatever else it has to. Typically there is a lag of about a 8-12 months between money creation and inflation but eventually, what’s recently happened...

Commodities are under pressure this morning with Refiners being the weakest in the energy sector. The whole industry group is down 5% and as crude oil moves lower so does this sector. Crude is down 5% to 43.28 per barrel. Natural gas is trading higher, however. It was recently quoted 1.5% higher at $4.56 per contract. Natural gas futures contracts...

Well another day another company slashing thousands of jobs. Corning Inc GLW said its quarterly profit fell sharply due to a significant decline in demand for glass for televisions and computer monitors, and said it would cut about 4,900 jobs. I appears insiders sold months ago and the Investors are getting left holding the bag! The company surely...

Tens of Thousands more getting the axe. Just last week, Microsoft Corp. MSFT said it will slash up to 5,000 jobs over the next 18 months. Intel Corp. INTC said it will cut up to 6,000 manufacturing jobs and United Airlines parent UAL Corp. said it would get rid of 1,000 jobs, on top of 1,500 axed late last year. Caterpillar CAT the world’s largest...

Netflix is soaring A/H trading up over 8% Netflix fourth quarter profit climbed 45% and beat analysts estimates. Netflix says that the weakening economy is still working in their favor. I like Netflix for a short term investment as the economy continues it’s downward trend and Blockbuster is  a failing company in my opinion. BBI trades at $1.43...