POG 963 up^ $21.00 one hour before the US markets open. We could see a large short covering rally today. Traders/Investors don’t see the stimulus coming and are running for cover in Gold/Silver. Yamana Gold (finding value full story here) confirms why (AUY) is my favorite junior miner with low costs and plenty of room to run higher. Yamana bumps...

Ok folks I am here to tell you the great US of A cannot just print money indefinitely to support its problems even if we are the largest reserve currency in the world,  at least at the moment. There is going to be a point the world loses confidence in our currency and it falls and is replaced by something else. In my opinion the USD is doomed.  Now...

On the docket for the week ahead. Tuesday: Earnings will continue with Walmart (WMT). They are expected to have earned .99 compared to $1.04 a year ago. They are set to report before the bell so they might help to set the tone for Wall Street. Wednesday: The Housing Market reports are due before the start of trade. January housing starts are expected...

As we know some analysts say it may be time for the solution everyone’s been trying to avoid, Nationalization..Full Story Why must we even bother to nationalize them? If the BIG banks can manage to merge with others on the scale of Bank Of America (BAC)  and Citi Bank (C), then it means they can be taken over in liquidation by another bank. This...

Lets get into the Juicy details of (AAPL) shall we. The App Store. Have you heard about it? There’s nothing else like it on the horizon, and it will mean many billions of revenue for Apple. (AAPL) has been able to take an iTunes sales platform and convert that over to software sales. It is not just that they did it, but that the customers have followed....

WELL, Peter Schiff now is telling the Saudis how to crash the US Dollar. Unfortunately Obama’s economic plan is trying to stop the collapse from happening which as Peter has argued will only make matters worse in the future. My hope is Mr. Obama seriously considers Mr. Schiff’s economic forecasts for what COULD happen if the Government...

The United Auto Workers has walked away from concession talks with General Motors Corp. (GM) over a dispute on payments to a retiree health-care fund, according to a report published Saturday. According to an earlier report in The Wall Street Journal, GM plans to tell the government in that update that it requires billions more in bailout money, or...

The Cartel said it will more than triple its estimate of the drop in daily oil consumption for 2009. “World oil demand continues its steep decline from last year and is expected to follow this strong negative pattern at least for the first three quarters of the year,” OPEC said in its Monthly Oil Market Report. A U.S. government report...

Our beloved Government doesn’t create anything except debt, taxes, and an endless amount of regulations. If you want to help the middle class then get the Government off the backs of the small business allowing them to be more profitable and create more jobs. They create 80% of the jobs in this country. Furthermore cut Government spending and...

The POG has pulled back from it’s brief touch of 950 and is currently trading at 938. I believe that Gold is consolidating here at this area and getting ready for another push north. The miners are holding up very well and we needed to expect there would be some profit taking after this nice run. I hold the miners (AUY), (ABX), (KGC) not because...

Market is desperately looking for any catalyst at this point to survive the sell off. Yesterday morning’s sell off showed the mounting internal selling pressure. Without the ‘news’ (socialism) about the Obama Administration was creating a program to subsidize mortgage payments for at-risk homeowners, the stock market would be at the 7500...

That last hour today is why I always tell you traders to be nimble, stay on your toes. In a past post I commented on how you need to monitor your positions at ALL times. Come on, really, there is no way you can get a feel for the markets when something like that occurs right before your eyes. How do I compete with Government and the market makers?...

Late Thursday, Reuters reported the Obama administration is working on a program to subsidize mortgage payments for troubled homeowners who have gone through a standardized re-appraisal and affordability test, citing sources familiar with the plan. This is completely absurd. Why in the heck should my hard earned money go to subsidize people who made...

The rumor mill id flying of imminent bankruptcy for Charter Comm. The Company intends to do a Chapter 11 filing that is to be initiated by April 1, 2009. The timing of a possible bankruptcy filing isn’t clear and there is a possibility the company could negotiate a “prepackaged” bankruptcy with bondholders, unnamed sources told the...

First off a bank with a positive cash flow is not insolvent, as they will be able to meet its liabilities as they come due. Insolvency is when a business has insufficient assets to cover liabilities. This whole crisis was created by mark to market accounting and in my opinion could be resolved at any time by permitting and requiring banks to mark their...