“Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system. The system remains still in the throes and aftershocks of the 2008 panic and the near-systemic collapse, and from the ongoing responses to same by the Federal Reserve and federal government. Further panic is possible and hyperinflation is inevitable." Full Story
What gives you the upper hand or what is your “edge” in the financial markets? If you don’t know your “edge , then you don’t have one and your odds are probably more like those of a gambler in a casino. If you know your “edge” and you have a slight, legitimate advantage over the rest of the market, then over time you should make money. A casino has an “edge” over their customers and with the odds in their favor they make money over time while the gambler, well... gambles. Full Story
By: Przemyslaw Radomski, Sunshine Profits - 17 May, 2013
The latest World Gold Council Gold Demand Trends report shows that the gold market is driven by diverse global demand, and the appetite for owning gold jewelry, bars and coins continues to grow. Full Story
An article was published in Uruguay that has received little notice outside of Latin America. This article refers to Cuban dissident Yoani Sánchez, also little known in the First World. Ms. Sánchez has recently been allowed to travel outside of Cuba for the first time, as a result of the elimination of "exit visas." The requirement for exit visas was imposed in 1961 to stop Cubans who opposed the then-new Castro regime from being able to leave Cuba. (Editor's note: The regime in Washington imposes an "exit tax" for certain Americans who renounce their citizenship.) Full Story
I thought I would show once again the long-term monthly chart of gold to demonstrate that despite the recent drop the long-term uptrend for gold remains intact. The current drop could either be a test of those lows or even a sudden thrust to new lows. There remains potential objectives down to $1,150 zone based on the long pattern that played out between September 2011 and April 2013. There is no law, however, that says those objectives must be achieved. A test of the lows or slight new lows is also within the realm of possibilities. Currently, as this is being written, silver and the gold stocks have reversed from down to up on the day after new lows for the current move down. This could be potentially bullish. Full Story
The investment story of the year to date is the central bank-led financial market recovery. While everyone is aware of the impact the Fed’s $85 billion-a-month asset purchases is having on stocks, few investors realize that central banks are making direct purchases of stocks. The implication of this new development is shocking. Full Story
The Dow making new highs is likely to be very good news for silver investors, because nominal silver peaks tend to come after significant nominal peaks in the Dow. These stock market rallies are driven by the expansion of the money supply, causing a big increase in value of paper assets (including stocks) relative to real assets. Full Story
A currency collapse is like a bank run – everyone scrambles to remove his/her wealth from the currency (or the bank) due to a loss of confidence. In fractional reserve banking systems, bank runs are inevitable. Even though they may last for many decades, unbacked paper currencies inevitably devalue and eventually collapse. Full Story
In conclusion, as someone that predicted huge declines in the gold spot price last week on three separate occasions, please understand that the same understanding of these banker gold and silver price manipulation games that led to the accuracy of my calls last week is also what leads me to conclude that the banking cartel price manipulation games in PM markets are unsustainable, on their way to imploding, and will eventually result in much higher prices in all gold/silver assets in the future. Full Story
By: Steve St. Angelo, SRSrocco Report - 16 May, 2013
The tactic by the Fed and Central Banks is to inflate the stock markets while manipulating the price of gold and silver lower. This achieves two goals, 1) it reassures the public’s faith by pumping up stock prices while the economic indicators continue to deteriorate and 2) it elevates the dollar while it destroys market sentiment in the precious metals. Full Story
In this part, we look at some mechanics, the understanding of which is a prerequisite to the theory of interest and prices. To truly understand anything, you have to know what happens in reality step by step. This is even more important in an abstract field like monetary science. We discuss stocks vs. flows, how prices are formed in a market, a broad concept of arbitrage, spreads, and how money comes into and goes out of existence. Full Story
So, in order for the initial 124 tonne sale to have occurred “legally” it would have had to have been 14 traders, all with zero orders open, all acting simultaneously, all acting independently, in their own self-interest, without colluding with each other to “sell-for-effect” or conspiring to foment a price smash. In actuality, the chances that there were 14 traders who held zero open orders all acting independently, all throwing their full allowable 3,000 contracts into the gold market within a few minutes of each other are infinitesimally small. Full Story
Europe, says James Turk, founder and chairman of GoldMoney, is in the midst of two crises—one in the banking sector, the other related to economic activity, and capital is needed to solve both. As to the allegedly strong dollar, Turk, in this interview with The Gold Report, suggests comparing it to the price of gold rather than other fiat currencies for a better picture. And the world's newest currency—Bitcoin—has a lot in common with one of the oldest—gold. Full Story
The last time Vladimir Putin was president, he laid the foundation to pull Mother Russia from the wreck of economic chaos to a world power once again. This time, he's ready to extend that influence to counter the West. His tools: Russia's abundant resources of energy, including uranium. Full Story
The 1647.50 rally target shown in the chart below looked until recently like a good bet to contain the bullish stampede, at least for a while. As of early Wednesday morning, however, it seemed to be giving way. Even though it has been exceeded so far by just 2.50 points, that’s enough to imply that the resistance has been fatally compromised, given the clarity of the technical pattern that produced it. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 14 May, 2013
The Wise Sages of Ancient days used to say, “The fate of a Liar, is that nobody believes him, - even when he’s speaking the truth!” Such is the predicament of Japan’s propaganda artists, including the Prime Minister, the Finance minister, and central bank chief, who are all trying to cover-up their boldest scheme yet, to crush the value of the Japanese yen, against the currencies of its major trading partners. Full Story
We thought we would share with our readership an important change in the positioning of large U.S. banks in the monthly futures-only Bank Participation Report (BPR) issued by the Commodity Futures Trading Commission (CFTC). The most recent report was published Friday, May 10 for positions as of the close on Tuesday, May 7. Full Story
There’s no money left in the Social Security fund, just a bunch of IOU’s from the Feds in the form of Treasuries. And now that baby boomers are retiring at an unprecedented rate the government has only two choices: raise taxes or cut payments. They appear to be willing to do both, and more. The President’s recent budget proposal squarely sets its sights on seniors in the form of lower retirement benefits, higher taxes, and caps on retirement savings plans. This article explains each in plain English and offers suggestions on how seniors can protect themselves. Full Story
The SILVER MARKET often gets a bum rap. The reason is that often its gyrations are much greater than those of the gold market. What causes this? There are theories that bankers and investment companies are conspiring to try to manipulate the market. However, buying or selling alone is not a conspiracy. It is called a speculation. Full Story
If the long term trend for gold was down, Asians would not be lined up in the street to buy it. Gold is not a dollar-bug’s whipping boy. It’s the greatest investment asset in the history of the world, and the only one that should never be sold at a loss. Long term charts should be used to identify potential buying areas, not to terrify gold investors. Full Story
Summing up, a decisive breakout in crude oil could trigger a significant rally in gold. However, Since we saw several failed attempts for the crude oil in the past months, it seems best to wait for a confirmation of the breakout before discussing meaningful bullish implications for gold. For now, it still seems that the final bottom is not yet in. Full Story
By: The Gold Report and Peter Grandich - 13 May, 2013
Many junior mining investors have run off with their tails between their legs. And who can blame them when even the portfolios of market veterans like Peter Grandich, publisher and editor of The Grandich Letter, have taken a beating? But before you cash in, you might want to read why Grandich still has hope for $2,000/oz gold in this interview with The Gold Report. Full Story
While Gold has seen a decent rebound, Silver and the mining shares (the more speculative side of the complex) have failed to sustain any rebound despite tremendously supportive sentiment amid an extreme oversold condition. Is the failure to rebound bearish? Not really. This is a sector that is completely sold out but there are yet to be enough buyers to generate a sustained rebound. The combination of strength in conventional asset classes (stocks and bonds) and poor performance over the past two years is causing this sector to read like the heart rate monitor of a heart patient. Full Story
What most Americans don't realize is that dependence on foreign oil isn't the main obstacle to US energy autonomy. If you think America's energy supply issues begin and end with the Middle East, think again. One of the most critical sources of foreign energy is due to dry up this year, and the results could mean spiking electricity prices across the country. Full Story
No, this has nothing to do with the sci-fi movie. It has everything to do with real life however; life closer to home, because we are living in an increasingly hostile environment characterized by both increasingly difficult and dangerous times. The wars – wars on multiple levels – are coming closer and closer to home every day. And slowly but surely – one by one – increasing numbers of people are beginning to see it because it’s starting to materially affect their lives. Full Story
In this Weekend Report I want to get everyone up to speed and on the same page of what I’m seeing with the charts. I think there is a bit of confusion, especially with some of our new subscribers, on what the game plan is. Our game plan right now is fairly simple. As the longer term subscribes know we’ve been accumulating positions in some of the 3 X short etf’s like DUST which we started last December, DGLD & DSLV in the Kamikaze portfolio. Full Story
The underperformance of gold and silver mining equity in relation to metal prices since 2007 is substantial and has increased over the last months. The equity / gold ratio has never, over the past 30 years, been so low. Valuations of the junior gold and silver mines in regards to their resources and future production are – based on current precious metals prices – on a historical low level. Full Story
By: Steve Saville, The Speculative Investor - 13 May, 2013
The last long-term bull market in gold-mining stocks, which ran from the early-1960s through to 1980, occurred in parallel with a major upward trend in interest rates, a steady undercurrent of "inflation" fear, and the occasional dramatic "inflation" scare. However, the current -- we think it's still current, although this won't be proven until the gold-stock indices exceed their 2011 peaks -- long-term bull market in gold-mining stocks has unfolded in parallel with a major downward trend in interest rates, a steady undercurrent of "deflation" fear, and the occasional dramatic "deflation" scare. Full Story
By: Steve St. Angelo, SRSrocco Report - 13 May, 2013
The notion that silver has been recently trading more like a base metal is more a fallacy than fact. Some of the top technical analysts have been stating that the reason why the price of silver has not held up as well as gold is due to the fact that silver trades more like copper than gold. Basically, if the "King" of the base metals suffers... so will silver. While this makes good press, the reality is much different if we look at the data below. Full Story
Show Highlights: Guest Interviews. Headline news & the Market Weatherman Report. Host answers phone calls and email questions. Guests: Monty Guild Guild Investment Management Inc. Nick Barisheff, CEO at Bullion Management Group Inc Full Story
In August 2011 I wrote to the Financial Services Authority to seek confirmation that the London-based custodians of SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) were being regulated as custodians, despite the fact that physical bullion is not a regulated investment. After some chasing on my part I finally got a response, kicking my letter firmly into touch. The FSA accepted that the custodians (HSBC Bank USA NA for GLD and JP Morgan Chase Bank NA London Branch for SLV) were regulated, but appeared to be unwilling to do anything about it other than to pass my letter on to “the supervisors of the relevant firms”. Full Story
A strong stomach and a tremendous amount of patience are required for gold stock investors these days, as miners have been exhibiting their typical volatility pattern. That’s why I often say to anticipate before you participate, because gold stocks are historically twice as volatile as U.S. stocks. As of March 31, 2013, using 10-year data, the NYSE Arca Gold BUGS Index (HUI) had a rolling one-year standard deviation of nearly 35 percent. The S&P 500’s was just under 15 percent. Full Story
These are dog days for precious metals investors with just about everybody out to dance on your grave. But as any contrarian investor knows that is usually a positive signal. It is when everybody agrees that you are right that it’s time to sell. Full Story
Barrick CEO Jamie Sokalsky has some things to say about the gold mining business that will come as a revelation to many gold owners. In a speech at the London Bullion Market Association’s conference in Hong Kong last November, Sokalsky wades into a largely hidden crisis in the gold business — static mine production that has not responded positively to the rising prices over the last several years, and is unlikely to ramp up even if prices go higher from here. Full Story
By: John Mauldin, Millennium Wave Advisors - 12 May, 2013
It is graduation time, and this morning finds me swimming in a sea of fresh young faces as a young friend graduates, along with a thousand classmates. But to what? I concluded my final formal education efforts in late 1974, in the midst of a stagflationary recession, so it was not the best of times to be looking for work. It turned out that I had a far different future ahead of me than I envisioned then. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 12 May, 2013
April's abrupt plunge in the gold price was an operation of the Federal Reserve and major banks to protect the Fed's "quantitative easing" and paper gold shorts that can't deliver the metal they have sold, Pacific Group founder and fund manager William S. Kaye writes in the May market letter of Pacific Group's Greater Asian Hedge Fund. Full Story
While the precious metals didn’t fare so well this past week, many super moves in stocks did occur making it another just fantastic week for us. We’re on a huge roll here and I’d like to see it continue but that is up to the market, not me. Full Story
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