Financial Sense
Financial Sense Online's motto is "Uncommon News and Views for the Wise Investor." It has been
our desire to provide information, commentary and resources that are helpful in navigating The Perfect Financial
Storm that is soon upon us. FSU's editorial commentary and posts are from a variety of individuals from
around the world. Some are professionals and others are students of the markets. We hope you enjoy their
thoughts and opinions.
Updated: 2 hours 9 min ago
Market WrapUp: Bear Market Phases
by Mike Shedlock. "In a bull market, everyone ignores the greed and fraud that runs
rampant. No one wants to take away the spiked punch, even after it is perfectly clear that everyone is
drunk. The party continues long after any reasonable person might have expected the party to end.
Eventually the party goers all pass out on the floor and the pool of greater fools exhausts
itself."
Categories: Economy
Gold Ambush Tactics & Potpourri
by Jim Willie. "For the second time in the last several weeks, the gold market has
been on the receiving end of ambushes. Leading up to their July 3rd announced rate hike, the Euro
Central Bank strong hints prompted the last ambush"
Categories: Economy
Energy Update: Bull Market for Energy Remains in Place
by Joseph Dancy. "Flooding last month interrupted rail traffic in the Midwest,
disrupting ethanol production and shipments. Shipments of low-sulfur Power River Basin coal needed
for many power plants has also been impacted."
Categories: Economy
What’s behind the Slide in Oil and Commodities?
by Gary Dorsch. "On the morning of July 15th, the price of crude oil, the most
widely watched commodity in the world, was gyrating in a narrow range, just above $145 /barrel, as
dealers in London were position-squaring ahead of the Nymex opening."
Categories: Economy
Junior Gold Stocks Benefit from Stabilizing Equity Markets
by Chris Vermeulen. "Junior Gold Stocks - With the Stock Market Panic behind us -
for now - we are settling in for a range bound, relatively calm, second half of ’08. Junior Gold Stocks
should finally start to benefit as the wet blanket smothering equity markets lift."
Categories: Economy
Market WrapUp: Buckle Up
by Tony Allison. "Investor Jim Rogers minced few words, as usual, when asked about the U.S.
Treasury Department's plan to shore up Fannie Mae and Freddie Mac."It is an unmitigated disaster",
said Rogers."
Categories: Economy
Dual Fuels and the New Kuwait
by Andrew McKillop. "The Next Oil War is likely or increasingly possible because the old,
mature, or ‘post-industrial’ urban consumer societies, and the burgeoning new and emergent industrial economies
of the planet are totally dependent on oil gas and coal."
Categories: Economy
This Week: Will the Latest Rally Take Root?
by Peter Navarro, Ph.D. "Two weeks ago, I wrote in this column: “If you are a short seller, the oil
market will undergo a cyclical downturn soon. “ Well, last week, we got that downturn, and it helped provide the
U.S. markets with a nice rally."
Categories: Economy
Primer in Mining Equity Investment
by John Lee, CFA. "In the past paper, we talked about the vast performance disparity among metals,
and offered our take on which metals to buy (Gold, Zinc) and which to avoid (Copper) going forward."
Categories: Economy
Th*nk*ng (Interventions)
by Fred Cederholm. "I’ve been thinking about interventions. Actually I’ve been thinking about IndyMac,
the media, community banks, FDIC insurance coverage, cash, and fear. Last week saw a frenzy of media coverage in
the aftermath of the US government/FDIC’s takeover of the IndyMac financial institution."
Categories: Economy
Gold and Silver Stocks of the HUI
by Peter Degraaf. "This essay looks at the seasonal lows for the HUI index, and examines the rise
that followed this low, for the past 9 cycles (1999 – 2008). This study should give us a good idea for future
expectations, regarding the remainder of 2008."
Categories: Economy
The Most Important Chart In The World
by Captain Hook. "Many people are now being rudely awakened from slumber with respect to the effects on prices resulting from inflation, even if they only see the effects (rising prices) and not the cause."
Categories: Economy
Gold & Silver: Market Wrap Week Ending July 18
by Doug Gnazzo. "A lot of change occurred last week so there is much to cover. The focus will be
on the commodities markets and especially silver and gold. Many charts are included."
Categories: Economy
China's First Experience with Paper Money
by Dollardaze. "Paper, one of the four Great Inventions by the Ancient Chinese along with printing,
the compass and gun powder, was invented by Cai Lun in 105 A.D. from bark, rags, wheat stalks and other materials.
"
Categories: Economy
Precious Points: A Trader's Market
by Oroborean. "My initial rationale for seeing a top in gold earlier this year was the announcement of
the taf and other subsequent lending facilities which seemed to put some teeth in bernanke's inflation"
Categories: Economy
Follow-up and Follow-through
by Dominick. "I took the opportunity last week to offer a big picture review since it was clear we
were at an important area in the major stock indices and, even though it avoided the specificity available to
paying members"
Categories: Economy
Black Swans
by Randolph Buss. "In talking with a few friends - I have received some incredulous, well-meant but
still sinister remarks concerning my Blog entry Meltdown with respect to the 3rd part regarding capitulation on part
of central banks."
Categories: Economy
Oil & the Gold-Oil Ratio (GOR) Daily & Weekly Status
by Gary Tanashian. "We have finally gotten our break in oil. That is a major fundamental relief
because with manic oil bulls stampeding, congress and the administration fretting (and plotting hair brained
solutions)..."
Categories: Economy
Market WrapUp: Elephant Talk
by Brian Pretti. "Do you remember the old adage, “watch what is done, not what is said”? Well, it’s
time to trot it out one more time as being very important to our current circumstances. Why? As you know, over close to
the past month or so our favorite merry pranksters at the Fed..."
Categories: Economy
Disaster Averted, So Far
by Carl Swenlin. "In my July 3 article I warned that the market was oversold, dangerous, and vulnerable
to a crash. On Tuesday of this week, the S&P 500 opened down, breaking significant support, and kept moving
lower."
Categories: Economy
