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Before your editor carries on today, we’ll declare an interest in today’s article. Thanks to last week’s so-called computer glitch at National Australia Bank [ASX: NAB], your editor hasn’t been paid. So just bare that in mind in case we get a bit narky this morning – sorry, more narky than usual… We notice NAB [...]

The property spruikers have gotten themselves quite excited about an article by PIMCO Australia chief, John Wilson in Business Spectator last week. Mr. Wilson headlined the article, “Our non-existent housing bubble.” As you can pretty much guess from the headline, Mr. Wilson sums up the article saying: “The demand for housing is determined by the [...]

Before I get on to today’s Money Morning, a quick follow up from yesterday.
In yesterday’s Money Morning I referred to a research report prepared by Morgan Stanley analyst Gerard Minack. At the time we went to press we hadn’t received permission from Mr. Minack to show you the charts.
Normally, if it’s publicly available material [...]

I know it’s the 2nd August, but your editor is still scurrying to finish the July issue of Australian Small-Cap Investigator.
We had hoped to have it flying out the door by Friday afternoon, but that didn’t happen. But a weekend of reading, research and ‘riting – interrupted only by attempts to help the Sayce [...]

The bull market in gold is a long way from losing both arms and legs just yet…
WHATEVER FORCE you spy behind this week’s swoon in gold prices to $1160 per ounce and lower, ’tis but a scratch – a flesh wound – so far.
“I’ve had worse!” as Monty Python’s Black Knight says.

First, the current options [...]

In a recent article, we showed you how silver had become systematically de-monetised by governments over the past 150 years or so. These actions have seen the gold/silver ratio move from its long term historical average of around 15:1 to 66:1 today. In other words, one ounce of gold is now equivalent to 66 ounces [...]

Hey, let’s ignore the facts. Just feel the frenzy…!
DID YOU HEAR about the giant gold coin auctioned in Austria late last month?
Of course you did – courtesy of Bloomberg if not CBS, the Daily Mail, BBC, BusinessWeek, USAToday, France24, Vancouver Sun, Wall Street Journal, Financial Times, Daily Telegraph, San Fran’ Chronicle, Khaleej Times or The [...]

We may have covered this subject before, so apologies in advance if we’re repeating ourselves.
However, it’s easier for us to just bang out 1,500 words than it is to trawl through the archive to check up what we’ve written about previously.
We did used to have a little spreadsheet where we would note the topic of [...]

It’s a question worth asking. So we’ll take a look at that in a moment.
But before I do, a quick note on today’s front page of the Australian Financial Review (AFR).
There’s a saying that “The pen is mightier than the sword.” In other words, the written word can be more powerful in its [...]

A few days ago, a reporter asked me if I was losing money in real estate. My reply was, “No, I’m making money.”
Confused, he asked, “How can you be making money during the subprime disaster?” I explained that since the real estate market took a downturn, there were more people renting rather than buying, which [...]