Dear CIGAs,
We could add the following if you wish to clarify our feeling on gold more exactly: ”A concerted effort to hold gold down by bullion banks has left it temporarily in a trading range. We suggest buying on dips as the US dollar must certainly fall and gold will certainly rise, in our opinion. [...]

RECENT CHINA TRIP SUMMARIZED
An analyst friend and I recently took a trip to China.  Although I had been to China many times, I particularly enjoyed the trip because it was my friend’s first visit.  Seeing it though his eyes I re-experienced some of the wonder of the enormous current and future success that is China.  [...]

Dear CIGAs,
TALK IS CHEAP
Here are the numbers for the first nine months of the 2009 U.S. fiscal year, which ends September 30th.  Federal receipts are down 18% from 2008 levels.  Individual income tax receipts are down 22%, and corporate tax receipts are down 57%.  Meanwhile, federal outlays are up…a lot.  The budget deficit for the [...]

WHEN DECIDING WHERE TO INVEST -FIRST LOOK FOR THE GROWTH?
If you are looking for growth, look at India and China and the demand for oil from the aforementioned nations…and from many others.  However, the investment area with the fastest growth in the world is…the available supply of U.S. debt, followed closely by the growth of [...]

Dear CIGAs,
IT’S JUST A PROPOSAL THUS FAR, BUT POTENTIALLY IT IS SCARIER THAN A HORROR MOVIE
While reading the report on the Obama administration’s proposed new financial regulations, we were concerned to see the following. “In order to improve accountability in the use of other crisis tools, we also propose that the Federal Reserve Board receive [...]

“Why don’t somebody print the truth about our present economic condition? We spent years of wild buying on credit, everything under the sun, whether we needed it or not, and now we are having to pay for it, howling like a pet coon. This would be a great world to dance in if we didn’t [...]

THE BRIC NATIONS BECOME MORE ASSERTIVE
On June 16th, Brazil, Russia, India and China, four of the world’s fastest growing nations, will summit in Russia.  The BRIC nations come in to the meeting producing about 20 percent of world GDP.  Their economies have been growing, while developed Europe and the U.S., currently representing 28 and 25 [...]

U.S. BOND MARKET FALL—EFFECTS WILL BE FELT WORLD WIDE
Last week, the U.S. bond market fell substantially and yields rose as investors finally began to see the obvious: Quantitative Easing (the purchase of U.S. Treasury bonds by the Federal Reserve) and its potential inflationary pressures are weakening the U.S. dollar.
As most economists will tell you, the [...]

Dear CIGAs,
THE NUMBER ONE TREND-A WEAK DOLLAR
The U.S. dollar is weak, and the U.S. administration has no choice but to continue to allow the currency to weaken.
As we have pointed out in these pages many times, the U.S. has to finance huge budget deficits for this year and for the foreseeable future.  This must [...]

INDIAN ELECTIONS ARE POSITIVE FOR INDIAN INVESTMENT
Every five years, assuming there are no failed confidence votes, the Indian electorate goes to the polls for a month long voting exercise where over 400 million voters (out of about 700 million eligible voters) decide the country’s leadership.
The election that just ended this past weekend will return the [...]