More deflationary dead weight ahead: cash-out mortgages on homes valued for collateral purposes at $10 to $20 million or more. Click here for the story. One things is certain: Unless there is HYPER-inflation, these homes are unsalable at anything near the price originally paid for them. In fact, they are probably unsalable at all, and those who list homes for $30 million…$40 million…$50 million (Joe Montana, last week) are delusional if they think there’s someone out there on whom they can unload these ridiculous castles.








Chuck Sees Stock Market, Gold Surging Higher
by Rick Ackerman on November 6, 2009 1:05 am GMT · 18 comments
Here is the latest from Chuck Cohen, a New York-based financial consultant who specializes in gold investments. At bottom is a speculative recommendation of a small but well-positioned mining company. We should note that we do not share Chuck’s bullishness on the stock market, even though we are quite bullish on physical gold and silver. Also, while Chuck believes inflation is about to explode, we see deflation ruling the economy as long as real estate remains in a possibly permanent funk. Here’s Chuck:
Despite all the dire warnings, I’m convinced the stock market will continue to advance. This has implications for gold, since, as long as shares are moving higher, I am confident that gold will move higher as well. Moreover, the incredible gold fundamentals are about to be reflected in an acceleration in price that so far has been slow, measured and frustrating. At the conclusion I have made another gold exploration recommendation: Moneta Porcupine (OTC symbol: MCUPF). This company appears well poised for the » Read the full article