The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best.
Silver has been sizzling and causing lots of buzz in the industry. Investors are excited. Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low.
Global fiat crisis timeline and outcome prediction.
By Shelby Moore III
Gold will go very high in fiat value, that is not the problem. Gold investors (myself included) are trapped at the end game, and they do not even realize it yet. The global fiat crisis timeline and outcome is explained and logically proven as the only likely outcome, and the implication on gold investors is emphasized, with links to resources to research ways to avoid the problem.
As the world hesitantly emerges from recession, the one question that seems to be on the lips of investors everywhere is: what’s next? As the tragedy continues to unfold in the Gulf of Mexico, with no fix in sight, market attention has suddenly shifted to the energy sector after years of neglect. Pundits and would-be energy experts are a dime a dozen. Speculation about oversold or underbought oil abounds.
A group of natural gas producers in North America are discovering the secret sauce to profits, and as a result many of them are outperforming their peers. It’s called “wet gas” or “liquid rich gas” or “natural gas liquids” or “NGL”, but any way you spell it, you get better cash flow than just regular “dry” gas. (Dry gas is methane.)
Profitable Gold Ownership has for years been burdened by Threat of Cartel Price Takedown Attempts. However, there are Causes to believe that The Cartel’s Capacity to effect dramatic and sustained price Takedown is now severely limited.
We are currently in the midst of a Fourth Turning. This twenty year Crisis began during the 2005 - 2008 timeframe with the collapse of the housing bubble and subsequent repercussions on the worldwide financial system. It is progressing as expected, with the financial crisis deepening and leading to tensions across the world.
Two years ago, British Columbia’s premier electric utility company, BC Hydro, issued its “Clean Power Call” – a bid for the province to achieve electric self-sufficiency through renewable energy by 2016. That aggressive goal sparked an intense competition. Renewable energy companies of all stripes were jostling each other to prove that their project was the best, and to win a coveted Electricity Purchase Agreement (EPA).
As severe as the April–May correction has been, on a technical basis the primary bullish trend remains intact. I just wanted to point out a few things to our readers based purely on Dow Theory’s interpretation of trend. The goal is to remove emotion from the equation. Now, let's take a look at the stock market.
