The Mogambo Guru

Contributor since: 26 Feb 2010

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• Where No Bear Market Rally Has Gone Before

  Published 07 July 2009 | viewed 4,750 times

  ChartoftheDay.com had an update of their chart labeled "Depression-Era Bear Market Rallies (Dow 1929-1932)" which is interesting in many, many ways, starting with the fact…

• Silver Takes on Gold Supremecy

  Published 01 July 2009 | viewed 3,943 times

  Mark at Northwest Territorial Mint suggests that instead of me always yammering about buying "gold, silver and oil", maybe I should switch to "silver, gold…

• Worthless Money from the US to Zimbabwe

  Published 26 June 2009 | viewed 3,410 times

  I had been getting ready for the release of the latest totals of how much credit the damned Federal Reserve had created in the last…

• The Mysterious Omen that is 'Divisor Change'

  Published 24 June 2009 | viewed 4,094 times

  In Barron's this week, they had a big notice, labeled "Divisor Change" pasted onto the chart of the Dow Jones Industrials Average, which leads off…

• The Euphoric High of Government Spending

  Published 19 June 2009 | viewed 3,638 times

  I gotta admit that I am confused by lots of things, like how come if my kids hate it here so much, why don't they…

• Purchasing Gold as a Product of Plagiarism

  Published 16 June 2009 | viewed 3,487 times

  My latest sure-fire, money-maker idea is to sue Yu Yongding, former bigshot with the Chinese central bank, for plagiarism, as he is the guy who…

• It's All Funny Money

  Published 11 June 2009 | viewed 4,081 times

  The column I wrote last week about the gold content of the Krugerrand versus the Austrian Philharmonic was, it seems, a mistake, and I am…

• An Economy at the End of its Rope

  Published 09 June 2009 | viewed 4,311 times

  This week's prestigious Mogambo Award For The Best Sardonic Laugh (MAFTBSL) was provided by Nicoles Michas of the Sparks Report, who suggested that "deflation hawks"…

• China Offers the IMF an Indecent Proposal

  Published 26 May 2009 | viewed 4,696 times

  Telegraph.co.uk had the headline "China's yuan 'set to usurp US dollar' as world's reserve currency" for an article by James Quinn. I thought that the…

• Delusions of Endless Credit

  Published 19 May 2009 | viewed 4,542 times

  James Howard Kunstler, famous author and speaker, opines, "For now, the 'bottom' is in" which took me completely by surprise! I mean, how could anybody…

• Quantitative Rising Demand for Silver

  Published 15 May 2009 | viewed 4,501 times

  If you are one of the people who write to me and question my consistent advice to buy gold, silver and oil ("Dear Mogambo, You're…

• Financial Death by Gold Deficiency

  Published 07 May 2009 | viewed 5,815 times

  If you are like me, then you realize the importance of gold and understand the relative unimportance of things like family, friends, coworkers, community and…

• When Fresh Money Goes Rotten

  Published 05 May 2009 | viewed 4,001 times

  Florida Economist Robert P. Murphy at the blog Free Advice must have heard me screeching with Total Mogambo Disrespect (TMD) about Congress and Obama deficit-spending…

• Economic BBQ on the Credit Default Spit

  Published 28 April 2009 | viewed 4,261 times

  Addison Wiggin, as part of an advertisement for the new Richebächer Letter, reminded us that "Last holiday season was the slowest in four decades" which…

• Taking Liberties with Price Stability

  Published 23 April 2009 | viewed 3,401 times

  Paul Volcker, the legendary former chairman of the Federal Reserve who heroically defeated a raging inflation, against powerful political opposition, which was the result of…

• Silver Taste. Base Metal Money

  Published 21 April 2009 | viewed 4,294 times

  Dominic Frisby of MoneyMorning.com writes, "According to Jeff Christian of commodities research firm CPM Group, investors bought 70m ounces of silver in 2007; 100m in…

• The National Debt and the U.S. Selling Spree

  Published 16 April 2009 | viewed 4,955 times

  From Agora Financial's 5-Minute Forecast we learn that "According to the Chinese central bank this morning, China's foreign reserves grew 'only' $7.7 billion in the…

• Golden Shorts in an Economic Winter

  Published 15 April 2009 | viewed 5,097 times

  Avery Goodman at Seekingalpha.com asks the intriguing question, "Did the ECB Save COMEX from Gold Default?" If I had been writing it, I would have…

• Employed and Unemployed Both Feel the Pinch

  Published 09 April 2009 | viewed 3,832 times

  It ain't really news that employment is falling along with the economy falling off a cliff because everybody is up to their freaking eyebrows in…

• No Gold -- No Silver -- Just Inflation and Hotcakes

  Published 07 April 2009 | viewed 4,475 times

  Bloomberg.com had a report by Kim-Mai Cutler saying, "Currencies of countries that are using quantitative easing, or printing money to buy government or corporate bonds,…