By Marin Katusa, Casey Research Every salesman wants to present his product in the best light possible and the salesmen of the stock market are no exception. Public companies always highlight the positives about their projects, their financial positions, and their outlooks, and downplay negative news as much as legally possible. In the resource sector...

By Julian Phillips One of the facts of life over the last 40 years has been that the U.S. dollar is the world’s sole global reserve currency. This is despite the fundamental factors underlying the U.S. balance of payments, which has been awful over that entire time. Nevertheless, the dollar ruled the global monetary system through these four decades...

BY J.W. JONES “And if you look away, you’ll be doing what they say. And if you look alive, you’ll be singled out and tried. If you take home anything, let it be your will to think. The more cynical you become, the better off you’ll be. Something to believe in.” ~ The Offspring, Something to Believe In ~   The recent rally has been breathtaking,...

  The US has issued a list of countries that could suffer from its sanctions on Tehran. China — the biggest buyer of Iranian oil — tops that list. Earlier Washington said it was exempting 10 EU states and Japan from the sanctions… that would block access to America’s banking system. RT discusses this with financial expert Francis Lun...

Gold Stock Trades Gold is pulling back to long term support and is able to be purchased at a discount. Investors may be seeking riskier assets due to fears of inflation and higher interest rates.  Right now industrial metals such as copper/ nickel, oil and blue chips are outperforming due to their value of being hedges against inflation and represent...

by Tyler Durden Translation: Hi China, this is Barrack, please buy our oil at firesale prices as you in turn build your strategic reserves. I have a reelection to win. Oh and when Iran attacks one of our 3 aircraft carriers parked next to Tehran in a false flag attack, at least oil will soar from a lower price point.   Love, B.H.O. In other...

by Tyler Durden While most of the talk will be about the drop in precious metals today, the sell-off in Treasuries is of a much larger relative magnitude and yet equities broadly ignored this re-risking ‘signal’. At almost 2.5 standard deviations, today’s 10Y rate jump (closing it above the 200DMA for the first time in eight months)...

Courtesy of Bruce Krasting These two articles point in a bad direction: . . . China’s 2011 total trade surplus was $183B. The surplus with the USA was $270B; the US was 150% of China’s total surplus. China imports lots of “stuff.”  Crude oil is high on that list. Increased domestic consumption, plus additional imports for strategic...

Tyler Durden Last month, the world’s biggest hedge fund, Bridgewater, issued a fascinating analysis of deleveraging case studies through the history of the world, grouped by final outcome (good, bad and ugly). As Dalio’s analysts note: “the differences between deleveragings depend on the amounts and paces of 1) debt reduction, 2) austerity,...

Courtesy of ZeroHedge. View original post here. The last time we plotted European youth unemployment in what was dubbed “Europe’s scariest chart” we were surprised to discover that when it comes to “Arab Spring inspiring” youth unemployment, Spain was actually worse off than even (now officially broke) Greece, whose young...

Over the past 5 months we have seen volatility steadily decline as stocks and commodities rise in value. The 65% drop in the volatility index is now trading at a level which has triggered many selloffs in the stock market over the years as investors become more and more comfortable and greedy with rising stock prices. Looking at the market from a HERD...

Tim Iacono Max Keiser talks to Ned Naylor Leyland of Cheviot Asset Management about why Warren Buffett hates gold after the “Oracle of Omaha” devoted a considerable portion of his recent shareholders letter(.pdf) to discuss why the metal is not worth owning. Among the many other interesting things you’ll learn from Ned is that Warren Buffett’s...

The CEO of Almaden Minerals explains why resource exploration “is where it’s at… the big game,” and why mining has become so profitable in recent years. Morgan is only one of 10 young resource money-makers whose careers we here at Casey Research watch closely. These “Casey NexTen” are the next Robert Quartermains, Ross...

Courtesy of Mish Bernanke is hell bent on producing price inflation. He has succeeded, just not where he wants most. What Bernanke desperately wants is for housing prices to rise because that more than anything will help the banks and all the foreclosed properties they are sitting on. The Bernanke Fed has certainly assisted the stock market, as intended,...

Courtesy of Bruce Krasting Everyone is talking about gas this past week, and for good reason. The price at the pump has been tearing higher. According to the papers this morning the national average price for regular gas is $3.65. Unfortunately for me, the price the media is spouting has nothing to do with my cost. As of this morning, my local gas...