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by Chris Martenson

Below is a recent example of a Martenson Report where I explain my views on gold and investing in gold.  I am putting it here so that non-enrolled members can see the type of thinking I routinely offer to enrolled members of this site.

If you are interested in enrolling, I encourage you to consider.  Besides what you see below, there’s a very active community of commentary and additional thoughts, links, and other resources posted by community members in response to the reports. 

In these reports I tackle such burning items as what the Deepwater incident means to our future energy supplies and economy, deflation vs. inflation, and the developing sovereign default and future currency crisis.  My goal is to illuminate and to help simplify your decision making in these complicated times.

Best,
Chris


Is Gold In A Bull Market?

Friday, May 28, 2010

Executive Summary

  • Asking whether gold is in a bubble or a bull/bear market misses the point.
  • Better questions to ask involve fiat money management, government responses, and financial market risk.
  • Gold is not in a bull market; rather, faith in our decision-makers is in a bear market.
  • Trust is hard to come by these days. 
  • As for whether or not to buy gold, there are a number of factors to consider.

I’d like to clarify my views on gold, because I approach this topic from a unique perspective that I think has value.

For most, the idea of investing, or even speculating, is a matter of placing one’s money somewhere with the anticipation of getting more money back out at a later date.  Naturally, the footnote to this expectation reads, “…assuming money is worth the same.”  In this idea of investing, ‘more money’ is assumed to be synonymous with ‘greater purchasing power,’ because devalued money may represent a significant loss.  The shifting target in this story since 1971 has been the untethered value of the currency itself.

For many investors, it has been a useful frame of reference to define various asset classes and markets in terms of being either “bull” or “bear” markets, where prices for investments have risen or fallen over some period of time, respectively.

Sometimes, when a bull market ramps out of control and then crashes, it is said to have been in a “bubble.”

Recently, the WSJ asked the question of whether or not gold is in a bubble, which is an important distinction for many investors, because if the answer is “yes,” then the next question is, “So when will it crash?”

A Recent Report: Is Gold In A Bull Market
by Chris Martenson

Below is a recent example of a Martenson Report where I explain my views on gold and investing in gold.  I am putting it here so that non-enrolled members can see the type of thinking I routinely offer to enrolled members of this site.

If you are interested in enrolling, I encourage you to consider.  Besides what you see below, there’s a very active community of commentary and additional thoughts, links, and other resources posted by community members in response to the reports. 

In these reports I tackle such burning items as what the Deepwater incident means to our future energy supplies and economy, deflation vs. inflation, and the developing sovereign default and future currency crisis.  My goal is to illuminate and to help simplify your decision making in these complicated times.

Best,
Chris


Is Gold In A Bull Market?

Friday, May 28, 2010

Executive Summary

  • Asking whether gold is in a bubble or a bull/bear market misses the point.
  • Better questions to ask involve fiat money management, government responses, and financial market risk.
  • Gold is not in a bull market; rather, faith in our decision-makers is in a bear market.
  • Trust is hard to come by these days. 
  • As for whether or not to buy gold, there are a number of factors to consider.

I’d like to clarify my views on gold, because I approach this topic from a unique perspective that I think has value.

For most, the idea of investing, or even speculating, is a matter of placing one’s money somewhere with the anticipation of getting more money back out at a later date.  Naturally, the footnote to this expectation reads, “…assuming money is worth the same.”  In this idea of investing, ‘more money’ is assumed to be synonymous with ‘greater purchasing power,’ because devalued money may represent a significant loss.  The shifting target in this story since 1971 has been the untethered value of the currency itself.

For many investors, it has been a useful frame of reference to define various asset classes and markets in terms of being either “bull” or “bear” markets, where prices for investments have risen or fallen over some period of time, respectively.

Sometimes, when a bull market ramps out of control and then crashes, it is said to have been in a “bubble.”

Recently, the WSJ asked the question of whether or not gold is in a bubble, which is an important distinction for many investors, because if the answer is “yes,” then the next question is, “So when will it crash?”

by Chris Martenson
A new Martenson Report is ready for enrolled members.
Link – Deep Impact: Why The Deepwater Disaster Spells Serious Trouble

Executive Summary

  • We can say with absolute certainty that future oil exploration and development costs are going to rise.
  • Our date with an oil supply shock now seems probable for the 2011 to 2012 timeframe.
  • A new paradigm is emerging, in which downsizing trumps growth.
  • A permanent energy crunch will lead to higher prices for all things connected to energy.
  • It would not be too strong to suggest that our federal commitment to energy efficiency is a farce. 
  • In terms of personal planning, do not take anything for granted.
  • While I am not sure how this will play out yet, I am quite comfortable stating that the age of abundance is drawing to a close.
Deep Impact: Why The Deepwater Disaster Spells Serious Trouble
by Chris Martenson
A new Martenson Report is ready for enrolled members.
Link – Deep Impact: Why The Deepwater Disaster Spells Serious Trouble

Executive Summary

  • We can say with absolute certainty that future oil exploration and development costs are going to rise.
  • Our date with an oil supply shock now seems probable for the 2011 to 2012 timeframe.
  • A new paradigm is emerging, in which downsizing trumps growth.
  • A permanent energy crunch will lead to higher prices for all things connected to energy.
  • It would not be too strong to suggest that our federal commitment to energy efficiency is a farce. 
  • In terms of personal planning, do not take anything for granted.
  • While I am not sure how this will play out yet, I am quite comfortable stating that the age of abundance is drawing to a close.
by Chris Martenson

It was recently announced that the Fed planned to re-open lines with other central banks, allowing them to swap for dollars.  We’ve been down this path before.  I want to review what happened last time, because if that pattern repeats, we are about to begin a brand-new stage of financial system stress and stock market losses.

To begin, you should review this article I wrote on September 25, 2009, which describes currency swaps and does a post-mortem on the relationship between dollar swap volumes and strength in the US dollar index.  The correlation was pretty tight.

Here’s the primary image from that article with some of the text that followed it:

Currency Swaps Spell Trouble?
PREVIEW by Chris Martenson

It was recently announced that the Fed planned to re-open lines with other central banks, allowing them to swap for dollars.  We’ve been down this path before.  I want to review what happened last time, because if that pattern repeats, we are about to begin a brand-new stage of financial system stress and stock market losses.

To begin, you should review this article I wrote on September 25, 2009, which describes currency swaps and does a post-mortem on the relationship between dollar swap volumes and strength in the US dollar index.  The correlation was pretty tight.

Here’s the primary image from that article with some of the text that followed it:

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