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The Daily Capitalist: What will the gold-dollar exchange ratio be in the future? Both trade hyperactively on currency desks. Thus gold is a physical commodity that acts as a currency. Read more…
Jonathan Yates: More than a few economists are projecting another debt crisis for the United States as early as next month. The Treasury is now only $149 billion away from its debt ceiling. Should this happen, gold (NYSEARCA:GLD) could easily test the $1,900-an-ounce peaks it printed in August. Read more…
Martin Hutchinson: There was a lot of back-patting in Washington this week after U.S. President Barack Obama signed a debt-ceiling deal that he and members of Congress claim will reduce the national debt. Read more…
Toby Connor: Just as I expected, when the market failed to rally on the debt ceiling resolution, panic set in. As I have been telling people the stock market is not dropping because politicians are debating whether or not to spend more money. They have a long record of raising the debt ceiling Read more…
Jason Simpkins: It’s often said that the sign of a good compromise is that both parties walk away dissatisfied – but that’s not necessarily true of the debt deal Congress is close to passing. Read more…
David Zeiler: Each day that passes without a deal to prevent a U.S. debt default brings the United States closer to a financial calamity that would be more severe than the failure of Lehman Brothers in 2008. Read more…
David Zeiler: If Washington lawmakers don’t beat the debt ceiling crisis deadline, we’ll see plummeting stocks, soaring interest rates, a slumping dollar and a severe shock to the weak economy. Read more…
Martin Hutchinson: As a young British banker in the inflation-ridden 1970s, I got used to carrying large amounts of German deutsche marks, Swiss francs and Japanese yen in my wallet – to have some security against the lousy performance of the British pound sterling. Read more…
George Maniere: If there is an agreement reached by Congress and the debt ceiling is raised Gold and Silver will go up. If there is no agreement reached by Congress and there is a default, Gold and Silver will go up but in a parabolic move. Either way Gold and Silver will continue to rise as the U.S. Read more…
George Maniere: Yesterday morning Dr. Bernanke met with members of Congress again. Yesterday I think Congress heard not what they wanted to hear but instead they heard what Dr. Bernanke actually said. I listened to him on Wednesday and I listened to him yesterday. He sang the same Read more…
George Maniere: Let’s face it, days like yesterday are painful. We must remember however that yesterday was expected and healthy. It was not a question of if we would get a correction it was a question of when. Now the question is how much will we correct. While the market sold off an Read more…
Toby Connor: As many of you know I believe that we have begun the topping process of this cyclical bull market. In a healthy market an intermediate decline is a profit-taking event after a significant leg up. It should hold well above the prior intermediate bottom. The decline into the Read more…
Dian L. Chu: Worries of a Lehman-like financial crisis spreading through Europe and the world has made Greece talk of the market lately. Not to let Greece dominate the spotlight, the U.S. debt ceiling debate is also getting to be as traumatic since a failure to raise the debt ceiling could mean imminent Read more…
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Tony Sagami: The jockeying for 2012 votes has already started, and you’re going to hear a lot about raising the debt ceiling as well as reducing the staggering amount of debt that our country Read more…
Mike Larson: We’ve hit the debt ceiling. And in early August, Treasury Secretary Timothy Geithner will run out of strings to pull to keep us from defaulting. That’s undermining confidence in our Read more…
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