Jay Talks About $1,000 Gold on BNN TV
With
gold briefly hitting $1,000 on Thursday, March 13, I received a request
from Canada’s Business News Network (BNN) to discuss the achievement
of
that milestone from the NASDAQ at Times Square. I also was interviewed
at
the NASDAQ by the Canadian Broadcasting Company (CBC). Click
picture or this link for Video
Jay's Recent Financial Presentation
Jay's appearance at a recent conference talks about strategies to preserve wealth by investing in precious metals, as the dollar collapses and the economy falls deeper into recession. Jay's Video on Investment Strategy
Jimmy Rogers on Federal Reserve
Jimmy Rogers, Chairman of Rogers Holdings appears on Bloomberg TV. He critics the Fed for lowering interest rates when they should be raising the rates to preserve the dollar. They are repeating the same mistakes that occurred in the 1970's. and with Japan in the 1990's. Click picture or this link for Video.
J. Taylor's Gold and Technology Stocks Newsletter
Are American Consumers Starting to Save?
The New York Times reported on Thursday, February 5, that Americans are starting to live on a pay-as-you-go basis for the first time in many years. If that is so, we may be looking at a continued stagflation. I say that because other countries, like China and Japan and most others around the world, have not been living for today at the expense of tomorrow. These countries have been saving their money, which means they should be able to continue to live more extravagantly in the future as Americans are forced to pay back the borrowings they used in the past to live beyond their means.
I recall a very simple chart in my Economics 101 textbook that illustrated this point very well. If you save today, you can consume more tomorrow. If you consume more today and save less, you will consume less in the future. Americans have lived for the present while the Chinese and others have built up massive savings that can be used to continue to live better in the future. In my view, that means demand for commodities and thus the price of commodities will continue to rise, even as incomes for Americans will continue to fall. The world is changing. The West is in decline. Asia is on the rise.
It has been our choice, and one of the most important aspects of this choice is our continuous warring against those who in some instances are conjured up as enemies. Of course, the military industrial complex that Eisenhower warned against is quite happy about this kind of fear mongering. But their actions, like those of the bankers who use fiat money as a means of wealth confiscation, are parasitic.
Parasites are growing exponentially in America and we know what happens to organisms inhabited by parasites. If Americans begin to save now, that would be a good but painful process, and it would no doubt leave Americans with far lower living standards than they are used to, especially while they were using their homes as ATM machines.
Will we Americans lose our standard of living through an inflation that wipes us out? Or will our standard of living decline as masses of Americans are wiped out through Ian Gordon’s vision of a Kondratieff winter? I say the jury is still out, which is why I continue to monitor our IDW. Yes, there are continuous signs that deflationary pressures caused not only by illiquidity but also by rising levels of insolvency could get the upper hand. And as Richard Russell points out, the pundits are mostly calling for a recession now. But I agree with Richard that it is better to let the markets do the talking rather than to allow ourselves to arrogantly predict future market action.
Mr. Russell pointed out in his February 15 issue that the stock markets are not confirming the pundits’ prediction of a recession or worse. If you believe as I do that markets lead the economy, then Richard has a point. While they are off their highs, Russell points out that they have not yet violated their half-way point (half the distance from their bear market bottom to their bull market top), nor are the transports confirming recent lows by the DJIA.
Likewise, our IDW is inconclusive too. As of Friday, it
had bounced back from our mildest of deflationary readings (-1.0) to a neutral
position (0) to 135.51. Note how, for the first time since our IDW was constructed
at the end of January 2005, it had fallen into negative(deflationary)
territory. With massive rate cuts and talk of a stimulus package, the
fall over into the abyss appears to have been at least delayed for a
while. And we agree with Richard Russell that we must listen to the language
of the markets, rather than allow our own view of where the markets are
going, to dictate our investment strategies. Of course, we are all free
to do that, but experience goes a long way in wiping out market arrogance.
What we do feel very confident in saying is that our monetary system is very, very pathological, thanks to Keynesian and monetarist policies that have served the ruling elite very well to rob the middle class and give wealth to bankers, lawyers, and government. But since all of those folks are engaged largely in parasitic activities, there is little good that can come out of this confiscation of wealth, made possible by fiat money.
The neutral reading, if it continues through the end of this week, would provide the justification for unwinding our S&P 500 Inverse Fund, which rises when stocks fall, twice as much as the S&P 500 falls. Over recent days, this “hedge” has hurt our stock performance, and if stocks are able to hold here and begin to surge higher again with tons and tons of printing-press money, we want to take advantage by getting back into our inflation plays.
EDITORS COMMENTS: We track the IDW chart on a daily basis, which gives us a forwarding looking economic indicator that allows us to quickly customize our portfolio. Recently, the IDW turned negative for a short time before inflation kicked in again with Fed stimulus. Our weekly updates keep you informed of changes to protect your investments.
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Free Complete Issue Sample
Our May 2007 monthly newsletter reviews primary market trends and some of our favorite gold stocks. Read about a favorite gold stock named Royal Standard Minerals and one of our favorite green energy technology stocks.
J. Taylor on Gold Price Manipulation
Jay Taylor along with Trader Tracks Editor Roger Wiegand and Bolder Investment Partners Vice President, Ian Gordon discuss Gold Price Manipulation along with the North American and world Markets.
J. Taylor on Luna Gold Corporation
Editor Jay Taylor recommends Luna Gold Corporation as one of his favorite gold mining companies. Learn more, download a free copy of J. Taylor’s Gold and Technology newsletter.
J. Taylor on BNN’s “Small Caps”
Editor Jay Taylor picks some of his favorite gold and silver mining companies on BNN’s “Small Caps” program with Andrew Bell. Click to learn what Jay had to say about Maudore Minerals, Pelangio Mines, Northern Dynasty, Fortuna Silver Mines, Skygold Ventures and Cristopher James Gold.
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J. Taylor on BNN Television’s
“Stars & Dogs”
Jay Appeared on BNN’s Stars & Dogs show to talk about a couple of his favorites including Nautilus Minerals, an underwater mining company Jay thanks may become one of the fastest growing gold and copper mining companies in the world.
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J Taylor on BNN Television’s
“Market Call Tonight”
Jay Taylor appeared on BNN Television (Formerly ROBTv) to provide viewers with his top picks which were: Pelangio, Skygold Ventures, and Uranerz. Jay also discussed several more gold, silver and uranium companies that he covers in J. Taylor's Gold & Technology Stocks and J. Taylor's Energy and Energy Tech Stocks.
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Jay’s Stock Picks
Editor Jay Taylor talks about five of his favorite gold and silver mining stocks in a series of video interviews. Also present for the discussion with moderator Al Korelin are representatives of the companies Jay has selected among his favorites. To learn more about these companies which Jay recommended to his subscribers in the past, click on to the respective links below:
Fortuna Silver Mines - Recent Price US $2.80
View report at: www.kereport.com/videos/Fortuna.shtml
Golden Goliath Resources - Recent Price US $.32
View report at: www.kereport.com/videos/GoldenGoliath.shtml
New Guinea Gold - Recent Price US $.61
View report at: www.kereport.com/videos/NewGuinea.shtml
Jay on BNN TV's Small Caps Program
Jay Taylor appeared on ROBTv's Small Caps show with Jim O'Connell and Lou Schizas. Jay commented on Fortuna Silver, La Mancha Resources, Pelangio Mines, Nautilus Minerals, Urasia, Pele Mountain and Erin Ventures. Watch/Listen to Jay's comments on these companies and his views on gold as well.
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Jay on BNN TV's Small Caps Program
Jay Taylor appeared on ROBTV's Small Caps program where he commented on the following companies: Nautilus Minerals (Toronto-NUS) huge ocean floor gold and copper mining prospects. Northern Dynasty (American-NAK) - The largest copper-gold deposits on earth? Uranerz Energy (American-URZ) An evolving uranium producer in the U.S.
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Gold Money
J Taylor's favorite way to buy and store gold is through GoldMoney. Go to goldmoney.com for more information or read on.
Jay on BNN TV
We have now additional posted interviews with Jay on our Radio & TV page.
How Have Your Investments Done Since 2000?
From Jan 1, 2000 through Dec. 31, 2007, Jay's Model Portfolio gained 284% while the S&P 500 LOST 1%. Subscribe to J Taylor's Gold & Technology Stocks to learn how you can beat the market in 2008 and beyond.