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GOLD AT $10,000?: Speculation Getting Harder to Label as Hype (Guest in PDT)
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First it was the spectacle of watching Wall Street’s giant investment firms cave back in 2008. Now, in what has investors feeling a troubling case of déjà vu, the same viral-like collapse is looking ominous among entire European nations. If ever there was a steroidal-injection-type scenario for gold, say economic analysts like Swiss America CEO, Craig R. Smith, this is it. And, given the ongoing record-breaking performance of gold in the past two years, it’s becoming increasingly difficult for investors to dismiss the prognosticators as hype hustlers. Heading into this past holiday weekend, while no one was whistling Dixie in the pits at the NYSE, they were enjoying some relative stability. But, as the New York Times reports, “ . . . right after lunch, the Fitch ratings...
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Click here, or call 630-848-0750 to schedule an interview with
CRAIG R. SMITH
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GOLD BREAKS RECORD HIGH: Climbs Again Amid U.S., EU Economic Recovery Farce (Guest in PDT)
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Throw it at the Wall (Street) and see what sticks. That’s probably the most accurate way to describe government attempts to extract an economic recovery out of the craw of recession. Most recently, American and European taxpayers were enlisted to underwrite the bailout of Greece in an effort to stem the fear of a bankruptcy domino effect. Didn’t work. Instead, investors again ran for shelter in gold, driving it to an unprecedented $1,231 an ounce this week. So, why won’t the global market stabilize? Economist and Swiss America CEO, Craig R. Smith, is available for interviews to explain, saying it all boils down to unrelenting uncertainty. “Look, placing assets in markets that can drop 900 points in a matter of seconds,” says Smith, in reference to the recent computer-glitch...
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Click here, or call 630-848-0750 to schedule an interview with
CRAIG R. SMITH
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DOW SETS RECORD DROP, GOLD SOARS
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The May 6, 2010 historic financial market panic showed the true vulnerability of the global financial world. With investors nervous over events in the Euro Zone, single events sent markets plunging. At one point in the trading day the DOW dropped more than 900 points. Reports say that a bad tick on P & G stock showed the stock down 25% in a matter of seconds. To the informed trader that could never happen, but many people panicked. When it was found to be a bad print, the market went from down 900 to down 350. Financial analyst Craig R. Smith, CEO of Swiss American Trading, is available to be your Talk Show guest to discuss this wild bear ride. Said Smith, “The bigger issue is what occurs when the confidence, so essential to paper markets, disappears. Confidence in...
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Click here, or call 630-848-0750 to schedule an interview with
CRAIG SMITH
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GOVERNMENT VS. WALL ST.: Feds Feeling Oats Without Strong GOP, Tea Party Opposition (Craig R. Smith is in PDT)
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Amidst the restlessness of the Tea Party movement, completely freaked out and angry about the rapid growth of government and its intrusion into the private sector, one area where Washington liberals may see less pushback from the American electorate is in the area of financial reform. Especially now. Already mobilized in large part for being on the hook in recent bank bailout deals and corporate welfare schemes, Main Street taxpayers are now irate over hearing that an investment fraud maneuver cooked up by banking giant Goldman Sachs may be the catalyst responsible for the 2008 economic collapse in the first place—this according to a lawsuit recently filed against Goldman by the Securities Exchange Commission (SEC). Even the Republicans are easing off the pressure to oppose...
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Click here, or call 630-848-0750 to schedule an interview with
CRAIG R. SMITH
.
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“UNSUSTAINABLE”: Congressional Budget Office Highly Critical of Obama Policy (Guest is in PST)
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In what is becoming standard protocol, the Congressional Budget Office (CBO) is once again dressing down the White House for its fiscal math—this time lowering the boom on a budget bound to go bust, saying it will add more than $9.7 trillion to America’s national debt by 2020. Reiterating the words of CBO spokespeople and economists alike, Swiss America CEO, Craig R. Smith, says Obama’s path is “unsustainable.” “If interest rates ever start inching up, which we all know they will do,” says Smith, “we will quickly find our government paying 50, 60 or 70 percent of all revenues on interest alone on $12 trillion. And that $12 trillion doesn't even take into account unfunded mandates like Social Security, Medicare, Medicaid and government pensions.” As the CBO went on to...
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Click here, or call 630-848-0750 to schedule an interview with
CRAIG R. SMITH
.
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MAJOR MARKET CORRECTIONS (Guest in Mountain Time)
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The stock market just took a major downward correction as gear grips the financial markets. Conducting Talk Shows the topic of major market corrections is Swiss America CEO, Craig R. Smith who compares the historic stock market corrections with the corresponding corrections in the precious metals markets. The following is list of the last six major corrections since 2003. During this time, gold has risen and average of 36%. GOLD, 2003-2010: Instead of getting caught up in the media hype over today's gold's price correction, look at the facts. The chart illustrates there have been seven major corrections in the current long-term bull market in gold since 2003: 1. 2003 - Gold at $382 dropped to $319 (-16%) 2. 2004 - Gold at $425 dropped to $375 (-13%) 3. 2005 - Gold...
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Click here, or call 630-848-0750 to schedule an interview with
CRAIG SMITH
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