Recent content by naufal

Gold supply/demand is strongly tied to fiat currency stability. Consumer wealth destruction does not translate into demand destruction of gold, like it does for oil. Gold's demand is from banks and speculators and people who want to preserve capital. Not from ordinary consumers. Gold would go up...

Silver has more industrial use than gold (thus will face headwinds from demand destruction) but is also a good investment. CDE doesn't look like the best stock to pick if you want to find some precious metal companies, check out the ones I recommended in the article.

look at the Fed's balance sheet. liabilities are much much greater than the equity destruction incurred recently. and that's before debt monetization. theres your money supply right there. i don't think we will see hyperinflation and the reason for that is i think much of the excess liquidity...

Deflation is contraction of monetary supply... we are experiencing a record expansion of monetary supply. Prices are going down through demand destruction as the economy contracts, but the Fed has already printed much more than the equity destruction in financials in recent months to "bail"...

With the massive monetary expansion experienced in recent months and the promise for unprecedented levels of money and credit supply increase in coming months, the United States Federal Reserve looks on paper to be sending America straight into hyperinflation. Germany's post-World War I Weimar...

Loss of current wealth/purchasing power and more importantly huge loss of perceived future purchasing power abroad in emerging markets.

massive global demand destruction is definitely going to prevent a commodities rally in real terms, but future inflationary conditions may allow one in nominal terms. precious metals are the sole exception, and i think they will rally huge into 2012 and beyond.

I highly doubt there will be a unified capitalist bloc that will agree to use inflationary prices as real prices to prevent an usurpation of global economic dominance by emerging markets like China.

I agree with deflationists that prices are declining and there is less debt available, but that is precisely why I think ultimately we will hit inflation. The United States has to finance its nominal GDP growth through external debt-- it has no industry and much too big of a public debt to even...

I doubt Obama rhetoric will be the true catalyst. Bad news comes out at relative bottoms, and that is what I expect will drive the bounce-- a lack of new bad news. Liquidations will slow down and some short covering will occur.

The collapse of the commodity bubble beginning late this summer erased inflationary worries from the minds of many. Crude at $145/bbl, natural gas at $24/MMBtu, and gold at $1000/oz characterized the artificially inflated prices during the commodity boom, which began in 2002. This secular bull...

The indices are all in falling wedge patterns, suggesting higher prices coming up on a breakout. Last week showed a huge 5-day buy surge on diminishing volume, which suggests one or two more sell-offs remain before the market finishes its decline. However, this will all probably occur within 2-3...