July, 2012 | CMI Gold & Silver

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Monthly Archives: July 2012

The federal budget cannot be balanced

I’m always amazed at the number of people I meet who believe that Washington DC will still get its spending under control, that it’s just a matter of getting the right person, or the right party, into office and disaster will be averted. Or, that when we finally hit a real crisis, politicians will do the right thing – which is, incidentally, the complete opposite of what they’ve been doing for the last 100 years. Those are long odds if you ask me.

More calls for QE3

John Williams, president of the Fed’s San Francisco bank, is the most recent Fed Board member to call for further easing of Fed policy. He joins Dennis Lockhart, head of the Fed’s Atlanta branch, who last called for more quantitative easing.  Both men cited the dismal jobs outlook, and both are voting members of the

Gold for Grabs

In 2011, while Michelle Obama was encouraging Americans to grow gardens to improve their health and finances, another first lady, Leila Trabelsi of Tunisia, was taking a healthy chunk out of Tunisia’s financial reserves.

Paul Krugman reveals how much spending is too much

Recently, on CNBC’s Squawk Box, Paul Krugman ran into some surprisingly strong skepticism about his calls for more government spending. It was clear from the onset that no one was buying into the Keynesian philosophy that infinite government spending will save us all. It wasn’t easy, but the interviewers finally managed to tie him down as to how much spending is too much.

Bill Haynes on KingWorldNews

Fridays, Eric King interviews Dan Norcini of Jim Sinclair’s JSMineset.com and me for KingWorldNews.com’s Weekly Metals Wrap.  Generally, Dan talks about the technical aspects of the market, and I comment on the action in the physicals market.  My remarks are short and usually casual. In last week’s comments, I noted how the atmosphere in the