A Centennial Struggle
Posted by admin in Newsletters on December 16, 2009
In December of 1913, the Federal Reserve Act was passed. Nearly 100 years later, the quasi-governmental agency that the act created, commonly referred to as the Federal Reserve System, is at the center of a heated debate which could eventually result in its removal.
Ron Paul appeared on CNBC’s Squawk Box yesterday morning, December 15, 2009, to provide an update on his Audit the Fed bill H.R. 1207: Federal Reserve Transparency Act of 2009, as well as debate opponents to his well backed legislation head on. Make no mistake, the fact that topics broached during this interview are now being entertained in such a mainstream and public domain is astonishing.
As usual, Ron Paul provides a historical context as well as [...]
Silver: A Correction or a Peak?
Posted by admin in Guest Commentary on December 10, 2009
In this brief technical analysis, we will present technical evidence to determine if the recent drop in silver is likely a minor correction…or if silver has hit a long-term peak. Does the correction provide a buying opportunity to “load up” on more silver…or…is it time to sell (or stop accumulating) silver?
This analysis uses the ETF (exchange traded fund) “SLV” as a proxy for silver prices. There are many ways to participate in silver as an investment (coins, bars, mining shares, ETF’s, etc.). Each investor must choose what’s best considering individual investment goals, risks, and so on. For the purpose of this analysis [...]
A Financial Roast of Roasts
Posted by admin in Newsletters on December 10, 2009
Last Thursday, December 3, 2009, Ben Bernanke appeared before the Senate Banking Committee for his confirmation hearing. While New York Senator Chuck Schumer saw fit to question Ben Bernanke about extraneous ATM fees and many other Senators openly voiced overall support for Bernanke with limited concerns, Kentucky Senator Jim Bunning proceeded to open up a can whoop ass on the Federal Reserve Chairman.
The following is footage of Bunning’s statement during last week’s hearing: [...]
Ramsey’s Fallacy
Posted by admin in Newsletters on December 2, 2009
Dave Ramsey, a popular personal finance expert, provides beneficial solutions for individuals with debt problems. His unique and no nonsense strategy of shuttering all debt via his 7 baby steps, in combination with using cash for all purchases, is a simple approach that people easily connect with.
Ramsey has been advocating this style of personal finance for many years now. When it comes to managing personal debt, he more than likely has helped tens of thousands of people avoid difficulties from the current economic calamity. Ramsey is to be commended for these efforts. His investment advice, on the other hand, is something any intelligent investor should be cautious of.
Ramsey’s general investment recommendations can be seen here, but they do not differ much [...]
MARKET QUOTES
Silver: At the Crossroads
Posted by admin in Guest Commentary on December 24, 2009
In the previous article “Silver: A Correction or a Peak?”, the outlook for the exchange traded fund “SLV” was discussed as of Dec 9, 2009 (Posted on TFP 12/10/09). This article continues the technical analysis of SLV with reference to the original article. I recommend you first read the previous article.
Today… we find SLV “at the crossroads”. [...]
No Comments