Monthly March, 2012
March 27, 1980 _ Silver Markets Tumble The anniversary – 32 years ago – of when infamous Bunky Hunt, the Oil Baron of Texas, came to the end of his efforts to corner the silver market. The price of silver fell 10% in a single day, which was cause for World Wide Headlines in 1980....
The Hunt for Muppets While most Americans associate the Muppets with Jim Hensen’s furry creatures, it turns out that “muppets” is slang for “stupid people” in Britain, where GregSmith worked in the bank’s London office. Most people on the street are focusing on Goldman’s Response, and on whether #Goldman Sachs is really still trying to...
Weakness in China Someone sent a note to me about China, in which they pointed out current weakness in China, fear of housing deflation, and some other weaknesses. They then complimented me on publishing Blogs long ago on the coming troubles in China, on the massive undisclosed debts of state-owned enterprises, and the inefficiencies in...
The European Debt Crisis We have an interesting scenario unfolding in Europe. In order to understand the situation there, one must understand political speak. Political speak is bowing to the demands of vocal parts of the voting population, while at the same time pursuing economic goals and controls that are consistent with the needs of...
I have previously advised that silver is a versatile metal and as its uses grow, so does demand for silver. Therefore the price of silver, because its demand is growing, will be sustainable. Below are some of the many uses of silver. Silver’s Use in the Transmission of Energy – Hydro There is an energy...
In recent blogs, I talked about whether the common belief that oil prices have to increase could be a fallacy. The following is today’s reprint of an article in the Los Angeles Times. It seems that the world of imported oil and high prices may be about to change. U.S. report: Oil imports down, domestic...
The Amount of Oil Used by North America In a recent blog, I talked about how shale gas is changing North America’s energy needs, and how that could change the way that the world works. The effect is starting to be felt. A quote from “MISH’S Global Economic Trend Analysis” Another Plunge in 3-Month Rolling...
In the last blog, I suggested that the next topic would be the effect of shale gas on productivity and economic expansion in the USA, and prosperity in the Middle East and in third world oil producing countries. However, that blog is slightly delayed in order to discuss some current market issues. Why Stocks Sometimes...
The Changing World of Investment In my last blog, I talked about how rapidly investments can change in scope and importance. I talked about the bountiful supply of shale gas coming on stream, and the profits of large equipment manufacturers. The essential point was that investors could never simply “Buy and Hold”, but had to...
Last blog talked about the speed of change in today’s world, and being aware of theories that no longer apply. As an example, the Peak Oil Theory was discussed from a different vantage point. The US reliance on oil imports may be about to change, and about to change quite dramatically. Oil imports in the...