By: The Gold Report and Brian Ostroff - 15 April, 2011
Finding companies with growth potential is just the start for Windermere Capital, according to Managing Director Brian Ostroff. An active philosophy and deep technical expertise allow the firm to invest "anywhere along the spectrum" from exploration to production, all the way to operation. In this exclusive interview with The Gold Report, Brian delves into the gold-silver value proposition. Full Story
CPM Group recently released their 2011 Gold Yearbook, an invaluable resource for us gold analysts. Mostly a reference book, even a gold enthusiast might find it dry reading. But I loved it, and as I studied it on a plane, I kept finding data that made me perk up. Full Story
By: Adam Hamilton, Zeal Intelligence - 15 April, 2011
Stock bull markets don’t rally higher in a nice linear fashion. Their advance is much more chaotic, flowing and ebbing. Two steps forward are inevitably followed by one step back. Today the US stock markets, despite their recent selloff in early March, still look to be in this correction mode. These ebbings present stock traders with awesome buying opportunities, the best ever seen within ongoing bulls. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 15 April, 2011
Let’s hope that the next developments in Green Revolution food production are at least as successful as the first. Lets also hope making Green Revolution Two a little more environmentally friendly is on the radar screen. Full Story
One Major anti-QE 3 Force is the increasingly widely held Realization that while QE 2 has brought the Mega-Banks and Wall Street back to an artificially enabled Strong Profitability, the Middle Class and Poor around the world have suffered greatly from rising Food and Energy prices. Full Story
The AP title says it all this morning. The recovery was produced by will of man (and woman, as Janet Yellen continues to work the 'good cop' side of the street with Ben Bernanke, opposite those thugs Plosser and Bullard on the other side, talking about withdrawing policy accommodation), allowing Wall Street and the greater financial services industry to calculate PE ratios, growth extrapolations and the like. Full Story
Traders in Dubai’s famous Old Gold Souk told ArabianMoney this week that trading volumes are a little below those of a year ago, but the value of transactions is significantly higher due to the rise in the gold price. Full Story
The correction in February-March certainly took some heat out of the market, however as the fear subsided post Japan earthquake we are now seeing further signs of a “speculative bubble” forming. Full Story
By: John Browne, Senior Market Strategist at Euro Pacific Capital - 15 April, 2011
It is rare in recent history for precious metals to appreciate in parallel with the broader stock market. Yet, this has been the case in the two years since the stock market began crawling out of the wreckage of the 2008 financial crisis. Although metals have vastly outperformed US equities over that time frame, it is noteworthy that stocks have gone up at all. Full Story
With the civil war in Libya now entering its third week, Egypt moving haltingly towards free elections, and hundreds dead in Syria, Yemen and Bahrain after a month of anti-government protests in each country, the Middle East is rife with instability. On Wednesday, April 6, that instability pushed the spot price of Brent oil above US$123 per barrel, a high not seen since August 2008 when prices were crashing from an all-time peak of US$147.50 on the eve of the financial crisis. Full Story
In 1934, Hollywood released a most interesting movie entitled the House of Rothschild. It was interesting because the Rothschild media has historically followed the Rothschild Modus Operandi on the need for the family to have a very low profile and follow the dictums of secrecy and deception in their family and business dealings. Yet, in some ways, there were a few revealing revelations on the family in the film—not many, but a few as will be covered below. Full Story
By: Richard Daughty, The Mogambo Guru - 15 April, 2011
I watch expectantly as the national debt again nears the debt limit, and Zero Hour is just a few weeks away, a term I cleverly used to indicate that available credit will be zero. Maxed out. Full Story
We believe that continued U.S. dollar weakness may be a consequence of the diverging monetary approaches central banks are taking around the globe. While many international central banks have been on a tightening path, raising rates (i.e. central banks of: Australia, Brazil, Canada, China, India, Norway, Sweden, to name but a few), the U.S. Federal Reserve (Fed) has been conspicuous in its continued easing monetary policy stance. Full Story
The slogan “the trend is your friend” was created for a reason. People tend to agree more often than disagree with their friends. Aligning yourself with the long term trend means you are choosing to agree with the wisdom of the market. Good friends typically help each other out too, and when you trade with the trend you let the market help you choose the correct direction to align your long term investments with. Full Story
Since early January 2011 the USD has lost 7.4% of its value and needs to manage any further decline or stabilize at this point in order re-assure holders of this currency, that all is not lost. As we see it there will be short rallies on the way down but the ‘74′ level will soon be breached and then it’s down the ‘72′ level. Full Story
The pressure for the Federal Reserve to raise interest rates to put a damper on inflation is growing strong. This week, Reuters reported that Bill Gross’s PIMCO Total Return Fund, the largest mutual fund in the world, had reduced its US Treasury holdings to zero, and then followed the sale with a short-position, signaling to the market that holding US debt is not only risky, but also an entry into an asset class that provides a negative return when adjusted for inflation. Full Story
By: The Gold Report and Bruce Campbell - 14 April, 2011
Not long after a New York Times headline quipped, "Now the Gold Rush Is to the Exits," Campbell & Lee Investment Management Cofounders, Bruce Campbell and Joe Lee, hung out their shingles in Oakville, Ontario. That was late in 1999. With the price of the precious metal (PM) sinking toward its lowest level since 1975, when the U.S. abandoned the gold standard, the new investment management company had no reason to focus on PM companies. Obviously, as Bruce tells us in this exclusive Gold Report interview, the company has since shifted its focus. Full Story
By: Richard Daughty, The Mogambo Guru - 14 April, 2011
Breakfast was a real drag, as the kids were whining more loudly than usual about money, and how they needed some money, and how they didn’t have any money, and how they were the only people they knew that were not dripping with cell phones and iPods and reader tablets and all that stuff, like this was supposed to make me rush out and buy them these things so that I don’t damage their fragile self-esteem and ability to make friends, so that they can call and text each other all day and night about how much they hate me, and hatch their little plans to put poison in my food or something; you never know with kids, you know what I mean? Full Story
By: Rick Ackerman and Charles Hugh Smith - 14 April, 2011
Our recent discussion of whether deflation or hyperinflation will lay waste to the economy elicited hundreds of responses. Two of particular interest are featured below. The first, from blogger Charles Hugh Smith, explains why it may be impossible to know with any certainty which of the two forces will prevail. The second, the thoughts of a Wyoming rancher, suggests that in a crisis, we may discover that our need for protein trumps concerns over gold, silver, Treasury paper and the dollar. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 April, 2011
Silver is breaking new records today at almost $40 and gold is touching new highs of $1,458. Looking back, over the last few years we have seen gold rise from around $312 to $1,458 a rise of 4.67 times and silver from around $6 to $40 a rise of 6.67 times. Full Story
Nothing is cheap in today’s investment world. Because of the trillions of currency units that governments all over the world have created – and are continuing to create – financial assets are grossly overpriced. Stocks, bonds, property, commodities and cash are no bargains. Meanwhile, real wages are slipping rapidly among those who are working, and a large portion of the population is unemployed or underemployed. Full Story
WITH ITS incredibly constant supply and unsurpassed history as a store of value, physical gold is the wise choice for retained wealth during currency crises. But for new buyers, is today's price too high? Full Story
Fire River Gold Corp (TSXV: FAU) (OTCQX: FVGCF) (FSE: FWR) (“FAU” or the “Company”) is pleased to announce results obtained from additional holes drilled during its 2011, 28,000 metre drill program at the Nixon Fork Gold Mine, situated in Alaska's Tintina Gold Belt. The Company has received and confirmed assay results from drill holes 1 - 22 of two additional holes (N11U-001 - N10U-022) from the 3000 and 3300 Zone. Full Story
By: Bob Chapman, The International Forecaster - 13 April, 2011
Neither government nor anyone is smarter than the markets. As they say the trend is your friend. All you have to do is get on for the ride. It’s really as simple as that. The trick is picking the trend. We were fortunate enough to pick gold and silver in June of 2000. We went long and stayed long all those years only occasionally making a trade. Every time there was a correction we recommended further purchases. Full Story
The bull market of the gold price started in 2001. During this time, gold shares went up three times as fast as the price of gold. However, since the beginning of 2008, gold shares remained flat while the gold price increased by 50%. A higher gold price leads to gold producers having higher earnings (and possibly to higher dividends) even if the cost of production keeps increasing. Most gold producers will now show massively increased earnings, often a multiple of what they earned in 2010. Full Story
Over the past few weeks Gold has traded at or near record highs. It has yet to embark on a sustained breakout but that is not because Gold is a crowded trade. In recent months money has moved into equities, Oil and Silver. As a result, some hot money and speculative money has moved out of Gold, leaving the market in a healthier state. Full Story
A bellwether is any entity that serves to create or influence trends or to indicate future events. In this essay I present an expanded excerpt from Newsletter No. 29 published in our Gold Members area on the 6th April. This followed the analysis we presented back on March 16th in No. 27 that suggested Australian gold stocks were testing important support and we were buying heavily in our educational portfolio the day before. We have been showing our subscribers how to systematically pick off the buy opportunities using technical and fundamental analysis during the course of this consolidation period.b Full Story
If you did what Bill Bonner and I have been recommending for a decade, you own gold. Bonner began promoting the purchase of gold in the year 2000. I strongly promoted this for my subscribers after September 11, 2001, when the Federal Reserve began pumping up the monetary base in earnest. Neither of us has ever stopped recommending holding money in gold. Full Story
By: Richard Daughty, The Mogambo Guru - 13 April, 2011
Naturally, I bristle at people ignoring me except to say hurtful things, like, “Eww! Gross! Eat with your mouth closed!” and who then turn right around and say, “Shut up about buying gold and silver!” But how do I not eat and talk? Man, it has been said, cannot live on bread alone! Unless, of course, it is made into a nice, big sandwich with all the fixins, maybe with a tall, cool beverage and a fresh bag of potato chips, you’re bent over the plate like some kind of starving Neanderthal, noisily shoveling it in your mouth with both hands, perhaps while you are watching TV, necessitating changing channels by hitting the remote control with your elbow. Full Story
Now that I’ve got your attention, let me announce that I am exiting the Deflation vs. Hyperinflation debate for the time being. I’ve concluded there is little to gain arguing with, on the one hand, a guy who froths at the mouth whenever someone contradicts him even slightly; and on the other, a preening narcissist who comes to argumentation with the kind of lip-smacking arousal Jeffrey Dahmer must have felt hovering over the fresh corpse of a teenage boy. Full Story
Before moving on to the timing-related part of this essay (in fact a continuation of our previous essay Breakouts in Gold and Silver Prices), let’s take a few moments to focus on the big picture. Namely, we would like to draw your attention to some interesting facts about the main point of our interest – gold. Full Story
Most investors get involved in the market to book profits on trades and to build wealth on core positions. A focus on both cash and physical gold is the best way to achieve your goal. Click here now to view the GDX daily chart. The price congestion blob between approx. $52 and $64 is still in play, and what might be occurring now is a simple pull-back before price blasts up and out of that price box, like a golden jumping bean! Full Story
Today, the US government is open for business, having narrowly averted a budget driven shut-down at the stroke of midnight Friday, the Dow is above 12,400, reported US unemployment is trending down, the Fed is closer to ending Quantitative Easing on schedule in June, and the government reports inflation is low and the economic recovery is taking hold. But also today, gold hit a new all-time high and silver is trading at a 31-year high. Can a strong US economy and high gold and silver prices go hand-in hand? Why to people continue to buy gold and silver? Full Story
The silver price dropped back below $40-an-ounce as news of a $1 million short-option just written against silver delivered in July circulated through the trading pits yesterday. Silver bugs will not like this but there is logic here. If the stock market pops, and the rally looks on its last legs as profits expectations are now too high and QE2 is about to end, then commodity prices will be dragged down too. Full Story
Silver, the Canary in the Gold Mine was my talk at a Gold Standard Institute symposium in Canberra, Australia in November 2008. The topic could well describe today’s gold and silver markets. Today, both silver and gold are achieving record highs but silver’s accelerating price indicates silver may indeed be the canary in the gold mine, the leading indicator for gold’s long-awaited explosive move upwards, a move the Fed and major bullion banks have colluded since the 1980s to prevent. Full Story
By: Steve Saville, The Speculative Investor - 12 April, 2011
The main reason that we expect the gold bull market to run for at least a few more years relates to the theories that dominate thinking within the halls of policy-making -- chiefly the theory that the economy can be made stronger via more monetary inflation, more credit expansion and more government spending. In effect, policy-makers have been trying to fight cancer by feeding the cancer, and there is every indication that they will continue to do so. Full Story
2012 is shaping up to be the blockbuster main event of the ongoing financial crisis. Massive amounts of new debt, vast quantities of additional digital dollars and the spark of higher interest rates will set off version 2.0 of the credit-driven financial implosion. Full Story
By: Richard Daughty, The Mogambo Guru - 12 April, 2011
Joel Bowman, managing editor of The Daily Reckoning, is in Argentina, and it looks like he is discovering that the corruption that comes with creating more money, so that the government can stupidly spend it, is now everywhere, and, indeed, the ugly end result is everywhere, too. In his essay “The Unfortunate Sate of the Argentine Beef Industry” an Argentine friend of Mr. Bowman’s explains, “as usual, the little guy, the one who the government supposedly set out to help, ends up paying more.” Ain’t that the truth! Hahaha! Full Story
By: The Gold Report and Leonard Melman - 11 April, 2011
How has the increase in government in the last 150 years driven precious metal prices? In this exclusive interview with The Gold Report, Leonard Melman, editor of The Melman Report newsletter and the author of Reverse the Way In, discusses why he recommends precious metal stocks, but advocates changes in monetary policy that could diminish the price of gold. Full Story
By: John Downs, Investment Advisor at Euro Pacific Capital - 11 April, 2011
Imagine you invented a machine that revolutionized travel. You know your invention could cut local and long distance travel time substantially and vastly improve the ability for business to deliver freight efficiently. The invention would add trillions to global GDP. If released, your invention would no doubt be universally used and admired. However, based on the initial safety assessments, analysts predict that if used widely your invention would cause the deaths of 300,000 Americans per year and countless more around the globe. Would you still release it? If not, imagine a world without cars. Full Story
By: Dr. Ron Paul, U.S. Congressman - 11 April, 2011
It is encouraging that some in Washington seem to be insisting on reduced spending, which is definitely a step in the right direction, but only one step. We have miles to go before we can even come close to a solution, and it will involve completely redefining the role of government in our lives and on the world stage. A compromise was struck at the last minute, but until Democrats agree to rein in entitlement spending, and Republicans back off the blank checks to the military industrial complex, it all amounts to political gamesmanship. Full Story
For the past couple of weeks, all the talking bobble heads in TV Newsland could concern themselves with was the looming (partial) government shutdown and the dire consequences such an event would have for all of us out here in Normal Land. But there were so many aspects to this whole thing that seemed to escape the women with big blond hair and men with perfectly tied Windsor knots passing themselves off as journalists. Full Story
Let this be the wake-up call for America. Terrorism is a red herring. The real enemy is already inside of the citadel. The pirates have taken over the Fed. The sacred geese of Juno are honking loudly. May Juno Moneta once more save our civilization. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. 2nd hour: Dr. Marc Faber, GloomBoomDoom.com Lindsey Williams, The Energy Non-Crisis Full Story
By: Bob Chapman, The International Forecaster - 11 April, 2011
We see signs that American workers are getting worn out. Management may have squeezed the last drops of extra work that they can out of them. That has been reflected in the latest worker productivity. Since WWII the average increase has been 2-1/2% year after year, but last week’s numbers were terrible, up only 0.2% per year. Europe and the US have been able in part to offset advantages of foreign producers by consistently getting better productivity results. For those of you that are new to these statistics, they are a reflection of labor productivity, or advances in the way work is done. Full Story
By: John Mauldin, Millennium Wave Advisors - 11 April, 2011
“I shall be telling this with a sigh,” and it is with a sigh that I write about the twisting, uncertain roads of inflation and deflation. Long-time readers know I have made hard arguments for first deflation and then inflation in the US. But the data says the Fed is not seeing around the bend in the inflationary road all that well. Their signs are not giving them warning, and they are in danger of falling behind the curve. This week’s letter is a thought game in which we entertain the possibility of rising inflation in the US. (It will print a little longer, as there are a lot of charts!) Full Story
By: Richard Daughty, The Mogambo Guru - 11 April, 2011
I was explaining to my boss that firing me would not solve the company’s problems, as the corporate rot goes a lot farther than that, mostly due to the stupid Human Resources department hiring so many morons, a dismal fact I have proved over the years by merely asking each one, in turn, “Do you own any gold and silver to protect yourself from the horrendous inflation in prices that is guaranteed by the evil Federal Reserve creating so impossibly much money, and which will destroy the currency, the economy, and everyone who is not an owner of the aforesaid precious metals, to wit, gold and silver, or are you some kind of moron?” Full Story
This past week we saw gold and silver break higher to the upside. It’s a nice move so far with gold having risen by 3.23% and silver by a much better 8.28% with $1.31 or 3.31% of that coming on Friday. Full Story
By: Rick Ackerman and Cam Fitzgerald - 11 April, 2011
The essay below, by Cam Fitzgerald, a frequent contributor to Ricks Picks, is a stark reminder that we could soon be facing problems far more serious, even, than the collapse of the economy. For in fact, the alarming die-off of bumblebees and other cross-pollinators that Cam has written about could presage the devastation of food supplies around the world. Full Story
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