In addition, the decline in uses in photography is being overtaken in the new uses for silver in solar panels, ‘rfids’, medicine and other electronic uses. All this silver is being consumed and will be until its monetary role in the long-term prices it out of the consuming markets and, like gold, it is simply stored not consumed. Most of you will not believe that is a possibility. The net result of these two changes in silver’s fundamentals will be for silver’s price to rise much faster than the gold price in percentage terms. Full Story
Indeed, GATA Board member Adrian Douglas makes a convincing case that The (Second) London Gold (Price Suppression) Pool is likely to fail imminently, thus propelling Gold and Silver to New Highs, in the Near Term.
In any event, Gold and Silver are the Single Best Assets for Wealth Protection and Profit to surmount the Coming Mega-Crises. Full Story
The point of this Goldsmiths is that we, the ripped off and stolen from victims of one of the biggest scams in all of history, do not have to surrender our rights and futures to this gang of thieves, crooks, liars and fraud artists. We can do something about it. Full Story
By: Moses Kim , Expected Returns - 17 September, 2010
The thing I value the most in life is freedom- the freedom to do as I choose (as long as I don't infringe on anyone else's freedom) and the freedom to think independently. People often ask me why I don't want to work in the financial industry. My reply is that I relinquish my freedom as soon as I walk through those doors and don't be surprised if my analysis deteriorates to the level of the average analyst. Doing this is far more rewarding; I can say as I please and don't have to answer to anyone. Full Story
By: Andrew Mickey, Q1 Publishing - 17 September, 2010
In order to invest successfully in areas like these, you have to be patient, wait for a good entry point to catch the uptrend, and then ride it for all their worth.
It may be a bit early for Michigan real estate, but now is the time for gold and agriculture. Full Story
Alan Greenspan had full knowledge of his betrayal to the principles of sound money. He wrote early in his career about the only legitimate basis for a monetary system, namely Gold. His published works from four decades ago read like an indictment against his career for monetary crimes against the nation. His accommodation, giving the financial sector what they wanted, betrayed his mindset. He knew the nation courted disaster with a long delayed fuse. Full Story
By: The Gold Report and Bob Chapman - 16 September, 2010
International Forecaster Editor Bob Chapman believes the world is headed for a single governing structure where gold and silver are commonly traded currencies. In this exclusive interview with The Gold Report, Bob tells you why he thinks gold could still hit $1,600 this year despite the government's efforts to smother the gold price. Full Story
Every time I hear a politician or economist call for more stimuli to create jobs I just shake my head and wonder, do these people really not understand what is happening in the jobs market? Do they really not understand that government can't legislate prosperity? All governments can do is steal from...errr I mean tax its citizens and then throw their funds away on nonproductive ‘make work’ jobs. Full Story
By: Richard Daughty, The Mogambo Guru - 16 September, 2010
I wearily wrote, “Dear Diary, I am even more convinced that we are freaking doomed because the Federal Reserve has created So Freaking Much Money (SFMM) when it allowed the creation of So Freaking Much Debt (SFMD) to finance So Freaking Much Consumption (SFMC), both public and private” whereupon I stopped, demoralized after realizing that there was nothing else to write that didn’t seem so, you know, anticlimactic. Full Story
By: Rick Ackerman, Rick's Picks - 16 September, 2010
One of the sharpest investors we know, a local stockbroker who is also a close friend and collaborator of economist David Rosenberg, thinks the housing market is nowhere near a bottom. In the essay below, one of several we have presented by the same author, he amply supports his thesis, pausing along the way to draw an insight from the Kodak Super 8 movies that his grandfather used to run in reverse. Full Story
Investors and savers wanting a flak jacket just pushed gold to new Dollar highs, with silver hitting its best level in almost three decades. No, they're not guaranteed to keep rising, but it's hard to see them falling too far when policy worldwide turns to actively denting the value of cash. At least no one can create precious metals at will – unlike the Yen, Dollar or Swissie – simply to shell them into the market in a war everyone loses. Full Story
Now that our attempt to purchase a short sale property has come to a disappointing conclusion (see this item from Monday for full details), the catharsis of sharing a few parting thoughts on the subject seemed to be in order so as to, perhaps, help others who might be in the middle of trying to buy a short sale property or thinking about doing so. Full Story
Just last week, it was reported that the turnout for the Democratic primary was the lowest in 80 years. While the Republicans are clearly energized by their concerns about the direction the Democrats are taking the country in, the Democrats themselves seem to have decided to forgo the voting process, perhaps in favor of a refreshing nap. Full Story
The idea that markets tend toward a state of equilibrium is a fundamental principle of the efficient-markets hypothesis (EMH). This hypothesis, based on an equilibrium driven world, has ruled academia and served as a primary driver of institutional investment decision making for decades. However, it remains a hypothesis because after decades of analysis it has not delivered sufficient real-life evidence and data to attain the level of a theory. Full Story
By: Bob Chapman, The International Forecaster - 15 September, 2010
On Friday, September 10, 2010, Horizon Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. Full Story
Throughout the last few weeks of summer there has been a slow, steady migration into silver as an investment. Investor worries over the state of the global economy have helped silver gain traction in the face of a low-volume stock market this summer. The white metal has built some fairly strong forward momentum this summer as a secondary safe haven among investors who desire the protection of precious metals without the heftier price tag of the yellow metal. Full Story
Gold hit a fresh record high in overnight trading, passing the $1,270 mark for the first time in history. Even mad bad Jim Cramer is now a raging gold bull. Should that not stop anybody and make them think? Full Story
By: Ira Epstein, The Linn Group - 15 September, 2010
When looking at the Monthly Chart of the CRB Index I’ve inserted above, you can see that prices have a way to go to reach the 2008 high. Maybe that why the Fed says they’re not overly concerned at this time with inflationary pressure. However, it’s hard to deny that prices have and are continuing to climb rather sharply, which is something that markets like gold pay attention to. Full Story
In our last commentary we quickly covered the current outlook of Gold, Silver, the mining shares and the juniors. The breakout in the sector continued today as Gold reached a new high and the mining shares (as per the HUI or GDX) closed near a nine or ten month high. Full Story
By: Richard Daughty, The Mogambo Guru - 15 September, 2010
My daughter, for some reason, decided that breakfast is the best time of day to tell me that she needs me to give her a wad of money, more money than I earned in a freaking month when I was her age, and for some stupid “back to school supplies” or to “have the sutures removed,” or something, I can’t remember the stupid details, but whatever it was, I remember that did not want to pay for it. Full Story
By: Rick Ackerman, Rick's Picks - 15 September, 2010
We should know soon whether the animal spirits that pushed gold and silver sharply higher yesterday can withstand the endorsement of James Cramer. Although we seldom watch his show – even with the TV off, you can practically hear him shouting within a ten-mile radius of CNBC’s Fort Lee studio — someone mentioned in the Rick’s Picks chat room yesterday that he’s hot to acquire gold and precious-metal shares. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 14 September, 2010
Stewart Thompson, who writes the Graceland Updates letter, is among the few gold market analysts who fully understand and acknowledge gold's centrality to the world financial system and the life-and-death interest central bankers have in controlling gold's price. It would be nice if a few investment conferences invited Thompson to speak instead of, say, Kitco senior gold market analyst Jon Nadler, who continues to insist that central banks have no interest in interfering in the gold market. Full Story
Gold, today, hit an all-time record high and the average man on the street still owns zero physical gold. Before this is all over everyone will know and understand that holding something of tangible value in their hand is much better than holding government debt paper certificates. It is only too bad that for the majority of people this understanding will only come once it is too late. Full Story
In the emails that our readers at Casey Research send our way, questions and concerns about the possibility of gold confiscation rank high. My somewhat standard response is that, yes, it’s possible, but that we should see straws in the wind well before it happened… allowing us to take measures to protect ourselves. Full Story
Gold Juniors Geyser! Gold is spurting higher this morning as I write this at 4am from Vancouver, the Gold Juniors headquarters of the world! At 630am Vancouver time, you may see your accounts get a substantial injection of black ink, as the North American stock markets open up. Hands up anyone who doesn’t want to see that action! Full Story
Gold broke out today. I have my very long term-positions in place with physical Gold and Silver. I also have my longer-term trading positions in place. Now it’s time to have some fun and put on some short-term positions and, as I like to say, put that oh so sweet icing on the cake. Full Story
I’m going to switch gears here a little and step away from lambasting the ongoing silver manipulation, and instead offer a constructive solution designed to end it. Long-time readers know that I believe it’s important not just to criticize, but to offer remedies for what I feel needs change. As is my custom, I will call on you for assistance. Full Story
Some years ago I remember watching a retrospective documentary about life in Florida in the heady days of the Apollo moon program. In one bit of old film was one of those VW camper vans, of the type favored by freewheeling hippies, which had heavily darkened windows on one of which was scrawled the simple message "Don`t laugh - your daughter may be in here". I share this priceless memory with you in order to illustrate the crucial point that the way we perceive situations depends on how they affect us personally. Full Story
By: Steven Saville, Speculative Investor - 14 September, 2010
Money is the economic good against which almost all other goods are traded, or, to put it more simply, money is the general medium of exchange within an economy. The corollary is that if something is the general medium of exchange within an economy, then that 'thing' is money. Full Story
In the end, central banks can only temporarily distort the savings and demand equation. The more the Fed prints, the higher the eventual rate of inflation will be. If mainstream pundits truly believe the Fed can supplant the entire public and private market for debt indefinitely, then I don't want to be around when that fantasy inevitably becomes a nightmare. Full Story
By: Richard Daughty, The Mogambo Guru - 14 September, 2010
I am always alarmed at most things these days, given my low regard for governments who have power over me and people who have power over me, who always screw things up and then make me pay for it, one way or the other. Full Story
News that JP Morgan, along with other investment banks, would shut down their proprietary trading desks hardly earned a mention in the press, despite their enormous impact on pricing in the commodities market. Now, about a week after 20 commodity traders were laid off, commodity prices have been edging higher than ever, lending credence to claims that gold and silver prices were depressed by international banking institutions. Full Story
The blatant price capping of precious metals over the past few days while the larger equity complex was jammed higher with the help of the bureaucracy’s price managers shows two things. First it shows how important gold and silver are in terms of being signals, where it was deemed necessary top hold them back. Full Story
Below we see the chart of silver (weekly basis) from its peak in March 2008. Clearly drawn is a triangle which is almost ascending. (The top line would have to be horizontal.) We can regard it either as an ascending triangle or a symmetrical triangle. This triangle broke out on Sept. 3. Full Story
For profit and wealth protection. Gold mining companies have done extremely well over the past ten years and in particular since the 2008 credit crisis, commonly known as the Global Financial Crisis (GFC). Many investors have made well above average returns investing in gold mining companies and gold itself during this time. The opportunity has not passed because the underlying reasons that have caused this bull market have not been fixed. Full Story
Only an austerity program can stop the runaway debt tower, and that only under a gold standard. It is to be regretted that Krugman has, as Keynes had before him, completely failed to grasp the role of the gold standard as the regulator of the level of debt in the economy that would sound the alarm if safe levels of indebtedness were exceeded — just as he is missing the curative effects of the gold standard. Full Story
Well, okay it’s Sunday and we are supposed to be taking the day off today. But what better thing to do on a day off than to pour over COT data, charts and ratios? While we are at it, why not share a few of our observations with our best friends and the people who make this service possible? Full Story
After a brief decline in July, gold once again finds itself in the investment spotlight as investors seeking safety from the turbulence of the bottoming 4-year cycle turn to gold. In its latest close, the gold price according to the 100 oz. COMEX index closed at $1,248.50 just below and within reach of its previous high of $1,260. Full Story
Is it true that the dollar, the yen and Swiss franc may be better investments than gold if the world economy slips back into recession? That’s the claim of New York University Professor Nouriel Roubini, famous for having predicted the US housing bust and subsequent recession more than a year before they happened. Full Story
By: John Mauldin, Millennium Wave Advisors - 13 September, 2010
There are a number of economic forces in play in today's world, not all of them working in the same direction, which makes choosing policies particularly difficult. Today we finish what we started last week, the last half of the last chapter I have to write to get a rough draft of my forthcoming book, The End Game. Full Story
By: Rick Ackerman, Rick's Picks - 13 September, 2010
Dick Morris thinks the pundits are underestimating the odds of a Republican landslide in November. Although most are predicting a GOP pick-up of 40-50 seats in the House and perhaps 8-10 seats in the Senate, the astute Morris, who was Bill Clinton’s closest political advisor, thinks a blowout is possible, with Republican gains of as many as 100 seats in the House and 14 in the Senate. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and answer listener's questions. 2nd Hour: Arch Crawford, Stockmarket Cycles Richard Daughty, The Mogambo Guru Report Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 September, 2010
We have written many times about the need for the Yuan to be a global currency and eventually a global reserve currency [one of several]. We have talked of how it had to develop its banking system before it could take such a journey. We highlighted the experiments that the Chinese were making first in Hong Kong then in Guanchow in using the Yuan in international dealings. Full Story
By: Frank Holmes, U.S. Global Investors - 12 September, 2010
Dr. Martin Murenbeeld, chief economist for Dundee Wealth Economics and one of the smartest gold minds around, recently released his latest chart book – hundreds of useful visuals to help him tell the gold and commodity stories. Full Story
By: Bob Chapman, The International Forecaster - 12 September, 2010
There is no question the US monetary system is in serious trouble and the situation continues to deteriorate. The smug elitist owners of the system are not getting the desired results and there is great consternation among the players. Since 1913 in running US monetary policy the Fed has had one recession after another and two depressions. The second one is the one we are now in. Full Story
One can only hope that the “Don’t shoot the messenger” adage is still popular in the international community. UK-based consultants M&C Energy Group have become the latest to join the chorus of voices asking the international community to increase the pressure on China and India to switch to cleaner energy sources. Full Story
The first week back after Labor day wasn’t what it was cracked up to be with even lower volume in the S&P index than was seen all summer long. It was a holiday shortened week, but still I would have thought volume would have been stronger. Full Story
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