By: Adam Hamilton, Zeal Intelligence - 6 April, 2012
Sellers hammered gold again this week on news from the Fed. The minutes from its latest FOMC meeting convinced traders the odds for a third round of quantitative easing are waning. This was the latest in a long line of QE3 scares that have become the bane of gold’s existence. But they are merely a distraction from the Fed’s ongoing massive monetary inflation behind the scenes, which is very bullish for gold. Full Story
Mayan prophecies aside, many of the senior Casey Research staff believe that economic, monetary, and fiscal pressures could come to a head this year. The massive buildup of global debt, continued reckless deficit spending, and the lack of sound political leadership to reverse either trend point to a potentially ugly tipping point. What happens to our investments if we enter another recession or – gulp – a depression? Full Story
By: The Gold Report and Brien Lundin - 6 April, 2012
What do the gold market and the weather have in common? You can forecast both, but predict neither, according to Brien Lundin, chief executive of Jefferson Financial and publisher of Gold Newsletter. Lundin, who also organizes the New Orleans Investment Conference, isn't focusing on if there will be rain or sun in the market, he told The Gold Report in this exclusive interview. He's slowly accumulating juniors on the cheap that have big news in the forecast. Full Story
Well close Dennis. But let's fine tune a little: Unbridled panic-fueled momentum drove gold unsustainably higher as it took a mini blow off and very predictable correction. Gold is not broken in its secular bull market (and not necessarily even the cyclical one out of 2008) by any rational technical parameters. Not as of this writing and thus, not as of your little Forbes piece with the alarmist headline. 'Irreparable technical damage' Dennis? Where? Full Story
Trade imbalances - deficits and surpluses - between nations are one of the major reasons for financial crises. Countries become trapped in a vicious spiral – they accumulate debt because they are sustaining a trade deficit, the bigger their debt grows year after year, the harder it becomes to generate a trade surplus. Full Story
Yellow and silver are our favorite colors, but red is what we are seeing on the boards this week after the U.S. central bank dashed hopes for more monetary stimulus and a weakened euro weighed on sentiment. Silver and gold were caught in a broad market sell-off which spread across commodities and equities. Bullion lost more than 3 percent over two days after the U.S. Federal Reserve released minutes from its last policy meeting which showed policy makers were less inclined to launch more monetary stimulus. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 6 April, 2012
As this fall's presidential election takes shape as a contest between Barack Obama and Mitt Romney, the rhetoric out of both camps is becoming sharper and more ideological. Looking to exploit Governor Romney's increasingly close association with Wisconsin representative Paul Ryan (who has been mentioned as a potential vice presidential nominee), the President dedicated a lengthy address earlier this week to specifically heap scorn on Ryan's budget plan (Ryan is the chairman of the House Budget Committee). The attack lines used by the President not only reveal a preview of the fall campaign but also offer a glimpse of Obama's skewed views of the social and economic history of the United States. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 6 April, 2012
Though the monetary metals have been under the most severe attack for the last few weeks, today may be considered a great victory for our side, insofar as a softball interviewer on CNBC managed to question JPMorganChase commodity executive Blythe Masters about whether the bank is manipulating the metals markets. Full Story
An early 2012 Report indicates anti-Gold Sentiment (“Led” by Warren Buffet who is Wrong about Gold, but right about the Dangers of Currency-Based “Investments”) has reached recent record highs except among those in the “know”: (In the short term) “I expect the (Gold) price to decline and when that happens I will buy more.” Jim Rogers 4/4/12. Full Story
It was a down week in US markets but many of the leading stocks held up very well or even moved quite a bit higher in a few cases. Gold and the rest of the precious metals were also hit quite hard on more of the same, which is, talk that quantitative easing is no longer needed at this time. Full Story
The big X-factor for the stock market in the coming months will clearly be China. During periods when any of the major weekly or yearly cycles are bottoming and the market is vulnerable to a correction, there’s always a news headline event that serves as a scapegoat for the market’s weakness. Last year the scapegoat was Greece and the eurozone debt crisis. This year the void will be filled by China’s slowing economy. Full Story
ALL OF a sudden, everyone's talking about financial repression – the capture and torture of domestic savers with below-inflation rates of interest, so that banking and government debt shrinks in real terms. "Such policies," explains economic historian and author Carmen Reinhart for Bloomberg, "usually involve a strong connection between the government, the central bank and the financial sector." Check. Full Story
I see no reason to not remain bearish as prices remain in an orderly downtrend. Rallies continue to look like selling opportunities until something occurs later in the summer. Often the close of prices on the last day of July becomes the number I use to look for prices to rally from into year end. Full Story
What the chart shows is a commodity cycle that fits very well with other well known long term cycles. The cycle noted above is the Kondratiev Wave cycle of peaks and troughs in the stock markets that occur roughly every 50-60 years (although some now note that the cycle may now be extending to 70 years or as some have suggested the current Kondratiev winter is being extended through the actions of central banks – i.e. very low interest rates, quantitative easing (QE) etc.). Full Story
The death of technical analysis has arrived. What took place in the markets (especially in the precious metals) on April 3rd & 4th proves this in spades. There were several calls made prior to the takedown, by some very well known individuals in the precious metal field, that became NULL & VOID when either bottoms or chart patterns failed. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 5 April, 2012
Gold has been holding steady in the the $1,600-$1,800 band since early October. This could be attributed to consolidation after last summer's historic run up to $1,895, but I think this wait-and-see attitude reflects current market sentiment toward the US dollar. Full Story
By: The Gold Report and Jordan Roy-Byrne - 5 April, 2012
The turnaround in precious metals prices and mining shares has been slower in coming than most analysts and investors have expected. This has certainly not deterred Jordan Roy-Byrne, publisher of The Daily Gold Premium, from searching for and uncovering some of the situations he expects to provide winning returns. In this exclusive interview with The Gold Report, Roy-Byrne discusses how junior gold and silver miners are building for a rebound. Full Story
Gold came down hard for a second straight day yesterday, but for all the wrong reasons. That’s why Rick’s Picks subscribers were ready to seize the opportunity with distress bids in two popular gold mining vehicles. One of them, GDX, the Gold Miners ETF, fell to within 14 cents of a 46.15 target that had been disseminated to subscribers a month ago when the price was in the high $50s. So far, the recommendation is looking like a winner: by day’s end, with GDX settled at 46.71, the paper position was 68 cents in-the-black. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 April, 2012
In our last two articles we discussed just how the U.S. dollar came to be the central part of the world’s monetary system and held onto that position when its economy and balance of payments were structurally inadequate to do so. In the second article, we described how the U.S. was flexing its muscles in taking action to stop Iran from selling its oil and receiving payments for it. Full Story
Let's explore the advantages of saving in gold and silver over dollars. Here's a hypothetical look at what could occur over the remainder of this decade. The charts below compare saving $100/month in gold and silver vs. an interest-bearing money-market account. For our projections, we assumed gold's average annual gain of 18% since 2001 will continue through 2020. For the money-market account, we used an annual interest rate of 1% in 2012 and added 0.5% each year, so that by 2020 it's earning 5%. Full Story
By: The Energy Report and Jim Letourneau - 4 April, 2012
Examining the macro-economic environment is how Jim Letourneau, publisher of the Big Picture Speculator, likes to begin his stock-picking process. However, his understanding goes beyond headline news to reveal surprising investment themes with profit potential. In this exclusive interview with The Energy Report, Letourneau talks about the hype and commodity investment cycles and where to dig for blue-sky stocks. Full Story
By: John Browne, Senior Market Strategist at Euro Pacific Capital - 4 April, 2012
Last week, the leaders of Brazil, Russia, India, China, and South Africa met in New Delhi for their fourth annual "BRICS" summit. The meeting brought together five countries that together represent 43 percent of the world's population and 18 percent of the world's GDP. (More importantly, the group is currently attracting 53 percent of global financial capital.) Full Story
As convincing as this rally has been I am confident this is an ending phase and not the start a new secular bull market. Actually the bear market began last year in May but was temporarily aborted by massive Central Bank printing. Let me explain. Full Story
By: Bob Chapman, The International Forecaster - 4 April, 2012
How do you create your own monsters? Over the past month the US and Europe have been telling us they will agree to release oil reserves into the market to drive down prices. What are they waiting for? It is expected there could be serious supply disruption, but yet no action. Incidentally, in all the media we see no admission or comment that those nations’ actions were responsible for oil prices at $107.00 a barrel. Full Story
By: Richard Daughty, The Mogambo Guru - 4 April, 2012
Talking to Junior Mogambo Ranger (JMR) Phil S. about the news that growth in the Chinese economy has slowed and how this is so calamitous, my clever comments were confined mostly to laughing in Contemptuous Mogambo Derision (CMD) at the whole idea, like some conceited hotshot know-it-all, like me, is worried about economic growth in China when the aforementioned conceited hotshot know-it-all knows -- for a fact! -- that there is almost nothing that can stop China's economic growth. Full Story
It was while under the influence of LSD that a childhood friend of ours decided to end a promising career as a commodity trader. He was buying and selling pork belly contracts at the time but dropped acid one day hoping to gain valuable insights into the markets — insights that presumably lay beyond the grasp of rational thinking. Chuck had insights all right, but not the kind he’d expected. Full Story
There are many reasons why gold is still our favorite investment – from inflation fears and sovereign debt concerns to deeper, systemic economic problems. But let's be honest: It's been rising for over 11 years now, and only the imprudent would fail to think about when the run might end. Is it time to start eyeing the exit? In a word, no. Here's why. Full Story
Investors may be taken for a ride by today’s Minutes of the Federal Open Market Committee (FOMC), which expand on the FOMC’s March 13, 2012 statement; in the interim, we believe the Federal Reserve (Fed) Chairman Bernanke has gone out of his way to assure the markets that monetary policy will remain “highly accommodative,” at least through late 2014. Full Story
Scott Drever has 45 years of geological expertise. He has dealt extensively with strategic planning, mergers & acquisitions, and operations for international mining corporations. Mr. Drever has served as an Executive Officer and Director of a number of public companies listed on the TSX and the TSX Venture Exchange, including Placer Dome Ltd., Blackdome Mining Corp., and Goldsource Mines Inc. Full Story
Gold seems mercurial lately sliding up and down causing some gold investors to grey prematurely. Technical analysis is not an exact science nor does it act as a crystal ball, but there is comfort and even beauty to be found in patterns that asset themselves every once in a while. And now we are in such a self- similar pattern and continue to believe that higher prices for gold are imminent. Full Story
It seems the administration can never see the realities that stifle economic growth-- the hard realities right before their eyes that most of us see and must deal with every day. The terrible trio at the controls of the US economic engine is driving us not into a ditch, but over a cliff. The Fed Chairman is flooding the economy with too much liquidity. Full Story
Large movements in the price of US T-bonds can affect the price of gold dramatically. Since I highlighted the overbought condition of the monthly T-bond chart, some investors have concluded that the bond bull market is over. I believe that this conclusion may be a little premature. There is no question that the indicators and oscillators on the T-bond monthly chart are overbought, but that alone is not enough to call an end to a major bull market. Full Story
I am not preaching to the converted however most if not all readers will know that the US banking system is in trouble as evidenced by QE1, QE2 and now suggestions of QE3. Governments would not offer or provide the monstrous bailouts and deposit guarantees unless this was the case. The European bank has also taken steps to prop up their banking system since 2008, with in excess of US$1.2T in new support in the past 4 months. This is a global phenomenon made necessary due to the gradual debt collapse, a deleveraging process that will persist for many years to come. Full Story
By: Steve Saville, The Speculative Investor - 3 April, 2012
When reviewing the long-term performance of the gold sector in previous TSI commentaries we looked at performance in nominal dollar terms and in gold terms, but as far as we can recall we never looked at performance relative to the broad stock market. This is an omission we are now going to rectify. Full Story
Over the last two years, I’ve been caught into believing a Crash was coming several times. In some ways I was right: we got sizable corrections of 15+%. But we never got the REAL CRASH I thought we would because the Fed stepped in. So what makes this time different? Full Story
To counteract this misinformation and counterintelligence that bankers spread so that they may continue to impose their immoral (and should be illegal) fiat currency monetary system on the global economy, I have made two videos that pick apart and disprove the nine most popular pieces of misinformation disseminated by bankers against gold (and silver). Here is part 2 below in which I discuss myths 5 through 9. Full Story
By: The Gold Report and Richard Karn - 3 April, 2012
Richard Karn, managing editor of The Emerging Trends Report, has been in Australia investigating precious and specialty metal projects for over two years. He likes what he sees. In this exclusive Gold Report interview, he reveals that in an environment where the U.S. dollar continues to lose its purchasing power, Australia and its gold offer good protection against what he sees as a "global pandemic of corruption." Full Story
You have publicly gone on record with some off-the-wall assertions about the gold standard. What made you think you could get away with it? Your best strategy would have been to ignore gold. Although I concede that with the endgame of the regime of irredeemable paper money near, you might not be able to pretend that people aren’t talking and thinking about gold. You can’t win, Ben. In this letter I will address your claims and explain your errors so that the whole world can see them, even if you cannot. Full Story
James West, host of Midas Letter Money, interviews Rick Rule and Eric Sprott on the fundamental drivers of global economic instability, and what the outlook is for investors for 2012 and beyond. Rick Rule is the founder of Global Resource Investments and Sprott Asset Management USA Inc. He has been a leading voice in the resource investment sector since 1974. Eric Sprott is the founder of Sprott Inc., and oversees a multi-billion dollar portfolio of companies and investments. Full Story
The gold stocks have frustrated investors for several reasons. First, the sector has had a general inability to keep pace with Gold and that struggle has been particularly incensing over the last year in which Gold has gained. Second, the substantial rebound in the equity market has provided no lift. We know that the gold stocks can be vulnerable when Gold falls and when the stock market is plunging. Full Story
So there was a panicky spike in gold last summer as the herd sought refuge from the euro, which was falling apart as some of its components had a really hard time peddling their legacy of debt. This was going to be the big one as gold was finally going to blast off, better get aboard! You are a gold bug now and you are safe! No, unfortunately the new players were just being introduced to the overdone euphoria of the upside thrills, only to later be introduced to the bile of the inevitable downward reactions. Full Story
There are a nine prevalent myths and false arguments that bankers and their puppet commercial investment firms have used to keep people from buying physical gold and physical silver over the years (remember the paper GLD and the paper SLV is NOT a proxy for physical gold and physical silver and from the information in the prospectuses, very likely nowhere near 100% backed by physical gold and physical silver as they claim). Full Story
Often barely mentioned at such events the Dubai Precious Metals Conference to be held on April 29th in the Almas Tower under the auspices of the Dubai Multi Commodities Centre is giving centre stage to silver this year. There will be a panel discussion on ‘Developing the white metals markets in the region’ as well as a presentation entitled ‘Silver: has the bubble burst?’ from Sharpspixley CEO Ross Norman. ArabianMoney cannot actually recall silver ever getting so much attention in a one-day conference in Dubai. Full Story
With Friday’s late-breaking rally, the broad averages finished the week with their best first-quarter performance ever. Supposedly, it was upbeat data on consumer spending that helped push the rally into the record books. But if consumers are actually starting to loosen up – using credit, of course, since household incomes have been stagnant — the evidence is nowhere to be seen. Full Story
Show Highlights : Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. GUESTS: Harry S. Dent Jr. The Great Depression Ahead J. Scott Drever - President and Director, SilverCrest Mines Inc. Full Story
There is no indication on gold's long-term chart that its bullmarket is over, it appears to be simply pausing to consolidate after its sharp rise last year. Why should its bullmarket be over when the only solution to the global debt problem is to buy time by creating more debt which makes the problems even worse? It's true that "they" might throw in the occasional deflation scare as an arm twisting measure to justify bailouts and more QE etc, but other than that the course is set firmly in the direction of fiat worthlessness. Full Story
Gold had a great breakout from the "Balance Area" with confirming volume last week. I have used on the left hand side below a 1 hour chart instead of the usual 30 minute chart in order to fit in the prior pattern. I was surprised it didn't stick the landing and find support at $1670, but after gold failed to break through the round number at $1,700 the "High Volume Node" at $1650 was still a strong enough magnet for the weakening price action. Full Story
By: Bob Chapman, The International Forecaster - 1 April, 2012
We lie, you swear to it. That up until now has been the creed of elitist Wall Street. That may be changing to it is every man for himself. We, after months of MF Global lies, have now been told that during the last days of MF, its CEO Jon Corzine, was in direct contact with JP Morgan Chase and arranged the transfer of funds from MF to JPM. This is contrary to what he told Congress and the world. Could it be that the wall of silence on Wall Street is about to be broken? Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 1 April, 2012
Nothing has been more disappointing and frustrating to GATA in its nearly 13 years of fighting gold and silver market manipulation than the refusal to acknowledge the issue by many of those who have affected to be devoted friends of the monetary metals and free markets. Full Story
By: John Mauldin, Millennium Wave Advisors - 1 April, 2012
I fully intended to write about something other than Europe this week, but the events of the last 24 hours compel me to once again look "across the pond" at the problems that not only plague Europe but will be a drag on world growth as well, as Europe goes through its continued painful adjustment as a consequence of trying to adopt a single currency. Since Spain is going to be on the front page for some time, it will be useful to look at some of the problems it is facing, to put it all into context. And what I heard while in Europe in private meetings is troubling. Full Story
US stocks enjoyed their biggest first quarter rise since 1998 with the S&P 500 up 12 per cent to above 1,400. But the price of silver was up 16 per cent in Q1. Gold trailed behind with a 6.3 per cent increase. Full Story
US markets eked out small gains this past week but ended the first quarter with very strong results. It was the best Q1 since way back in 1998. Could we be on the verge of another two year massive run higher in tech stocks which have been performing very well? Only time will tell but they are doing well and leading the sector for the most part. Full Story
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