There’s a lot of anger towards President Obama. Most of it is misplaced. Obama is a slick young politician with high approval ratings. He replaced a president who had 90% approval ratings at one point – the highest of any president in history. Both have sacrificed the free-market principles America was founded on. Partisan politics mean nothing when both parties insist on spending the country into oblivion.

Why invest in commodities? Two and a half billion people are going to live like Americans in the next 20 years and prices go up over time, that’s the nature of inflation.

Gold ticked higher in volatile trade on Thursday, underpinned by improving investment appetite and gains in other commodities such as oil and metals and despite the dollar rising against the euro.

The Swiss central bank just cut back interest rates for the franc. World currencies are in a race to the bottom. Only the U.S. dollar seems suiidally determined to remain high…

While the rest of the global banking system falls apart, Canadian banks are receiving the highest rankings as healthy, competitive stocks. Mark Skousen of Investment U says that superior bank stocks will soar when the markets recover. 

I know as you read this, you are aware that America and the world are currently experiencing an economic crisis. Many economic experts say we could be heading towards a worsening recession or even a depression.

Santa rally continues…  Norway cuts 175 basis points…  Japanese intervention possible…  Indian rupee moves up… And Now… Today’s Pfennig!

While the U.S. Federal Reserve is expected to cut its benchmark Federal Funds target rate to a record-low 0.5% at its policymaking Federal Open Market Committee meeting tomorrow (Tuesday), the European Central Bank (ECB) is signaling a reluctance to drop its key rate below 2.0%.

Equities surged around the world on Monday with investors taking heart from a likely rescue plan for U.S. automakers, a proposed U.S. jobs plan and more government stimulus measures to reverse economic decline.

Gold surge fuelled by inflation fears… Deflation seen short-lived…  Platinum boosted, helped by auto sector optimism