To argue with Ambrose Evans-Pritchard is risky. He is well-informed, he has travelled much, writes well and has a sharp intellect. Yet, I must affirm that he is mistaken in some of the opinions expressed in his recent article at “The Telegraph” www.telegraph.co.uk “A new Gold Standard is being born” January 17, 2013. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 18 January, 2013
Over the past two months, Europe's problems seem to have disappeared from the headlines. However, the new French Socialist government is pushing ahead with policies that favor significantly higher government spending, greater regulation of business and commerce, and severely higher taxes on high earners. The long term effects of these policies, which I believe will lead to further economic decline, may be given fresh scrutiny if France is drawn into a lasting conflict in West Africa as a result of its surprise intervention in Mali last week. Full Story
By: The Gold Report and Michael Ballanger - 18 January, 2013
Low market valuations for junior mining companies have Michael Ballanger, director of wealth management at Richardson GMP, feeling like a kid in a candy store, and equities satisfy his sweet tooth more than the metal right now. Ballanger has had enough years in the business to recognize the advent of gold fever. In this Gold Report interview, Ballanger discusses his personal views and discusses how he looks for "well-incubated" companies that meet budget and timelines and raise funds without diluting shareholder value. He also shares why he sees junior miners as higher reward and lower risk than gold itself. Full Story
Based on the figures in the Bundesbank's announcement, it's clear that the German central bank has no intention of selling gold anytime soon. Its huge gold reserves, the second-largest after the United States', underpinned the Deutsche Mark's famous stability during the Great Inflation of the 1970s. Germany then refused to sell any of its gold reserves when prices were low a decade ago, unlike every other European state except Italy. Full Story
One Key Truth relating to Gold, and thus to the Soundness or lack thereof of our Fiat Currencies and Financial System, is that there is a Serious Question regarding whether Major Western Banks and Governments actually have all the Gold they say they do. In this regard, Germany has decided to repatriate their 3,400 Tons of Gold allegedly stored at The Fed in New York. Full Story
Please visit GOLDSEEK.com & SILVERSEEK.com at Booth # 913 and attend PETER SPINA'S Presentations: Sunday, January 20th at 5:00pm in Speaker Hall East: "Gold, Money & Top Gold Stock Picks" Monday, January 21st at 1:00pm in Workshop Room #1: "Advantages of Investing in Silver" Full Story
By: Adam Hamilton, Zeal Intelligence - 18 January, 2013
Before investors can sell high and multiply their wealth, they first have to buy low. The lower any trade’s entry price, the greater its ultimate profits. The best time to buy low is when stocks are deeply out of favor, when few others are willing to buy. And that certainly describes gold and silver stocks today. This sector is universally loathed despite fantastic fundamentals, offering vast opportunities for brave contrarians. Full Story
Gold, as defined by the SPDR Gold Trust (GLD), has been a less than stellar performer of late. I’ve long maintained that the 150-day moving average is a psychologically significant benchmark for the gold ETF, both as a line of support and resistance. GLD’s performance in recent weeks has only confirmed this observation. Full Story
The big news for Thursday is that gold formed a weekly swing. Considering that the QE4 manipulation stretched the intermediate cycle way beyond its normal timing band, this weekly swing should confirm that the yearly cycle low is complete. Full Story
Platinum and gold have been playing a game of tag, and this week, platinum took the lead again regaining its rightful position up front, but for how long? Looking back at history, platinum has been the front runner with an average $200 to $400 premium to gold. At times the difference was much greater. Before the 2008 Lehman Brothers crash, platinum was trading at more than $2,270 per ounce while gold was trading under $990 an ounce. The prices as of close of this week’s issue were $1,686.50 for gold and $1,694.30 for platinum. Full Story
The Fiscal Cliff theater was great 'off Broadway' drama, but the real show for traders took center stage Sunday December 16th in Japan. The curtain went up for the newly elected Prime Minister of Japan as the star actor in the unfolding global fiat currency drama. Full Story
The current consolidation is most similar to the 2004-2005 consolidation. It is 17 months old and will last two years unless it can blast through $1800 on the next try. Also, its tight range of $1550 to $1800 has remained in place. Furthermore, note the volatility on the various time frames (as measured by bollinger band width). Two of the three readings are at eight-year lows while one is at a five-year low. The last time all readings were at multi-year lows was in 2005. Full Story
Since the gold bull market began in 2002, there have been three major corrections. The first one began in 2006. It took 71 weeks before a new record high price was established. Gold then rose by 50%. The next correction began in 2008. 77 weeks later gold established a new record high. Price then rose by 90%. The current correction began in 2011. It has been 72 weeks since the last time gold was at a record high price. In five weeks we will have matched the 2008 price dip duration. As long as the four ‘drivers’ mentioned above remain in place, the expectation is that gold will continue its overall rise in price. To take advantage of this trend it behoves us to ‘BUY LOW SO WE CAN SELL HIGH.’ Full Story
By: Richard Daughty, The Mogambo Guru - 18 January, 2013
I have been extraordinarily busy lately responding to an inter-stellar memo from Zygarb, the new hotshot poobah of the Grand Council Of The Universe, of whom I know nothing except that he is a dumb-ass jerk, he thinks that I am disrespectful, and that Earthlings are de-evolving back into the primordial slime because the un-fittest genetic mutants of the population don't die young anymore, but live and breed. Full Story
By: Rick Ackerman, Rick's Picks - 18 January, 2013
Fasten your seat belts, since yesterday’s rally may have been the last gasp of the bull cycle begun last spring. In the E-Mini S&P, using our proprietary technical method, we’ve been expecting a stall or perhaps something worse at exactly 1482.00. Yesterday the futures got as high as 1480.50, and although that fell an inch shy of getting us short on our offer, it was close enough to satisfy the target. Full Story
By: Andrey Dashkov, Research Analyst - 17 January, 2013
While frustrated investors and analysts seem to enjoy complaining about gold miners' performance of late, sifting through some data reveal little support for it. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 January, 2013
Readers may not agree with our conclusions on the confiscation of gold, but we emphasis this reality. If we are wrong you will still own your gold. If we are right and you have not taken the right steps to guard against confiscation and the personal dangers to you individually, you will lose your gold if not suffer the penalties the “Gold Confiscation Order” brings with it. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 17 January, 2013
Certainly $1,600 per ounce wouldn't be enough. Maybe $20,000 would -- if Western central banks really have even that much gold left. But far from being a silly idea, gold revaluation has been a mechanism of restoring solvency to government since central banking was invented and is very much a serious topic now as central banks race to devalue against each other in the worldwide currency war. Full Story
I don’t know if anyone else is calling the debate over the U.S. debt that is now heating up in Washington a crisis, but, based on how the two sides have staked out their positions on raising the debt ceiling and the looming budget problems that will immediately follow in the unlikely event that the debt ceiling is raised in a timely fashion, there doesn’t seem to be any reason to delay any longer in applying that moniker. Full Story
If there is one central myth supporting the folly that passes for monetary policy and by extension fiscal policy, it would have to be the unchallenged assumption that money should be defined and controlled by government. Given the role of money in the economy - that it is one-half of virtually every transaction - nothing has been more destructive to the well-being of most people than the government’s usurpation of money from the market. Full Story
If the financial hurricane is downgraded to a minor storm, you will still be sheltered in gold, silver, and other physical assets and have lost nothing. However, if the hurricane destroys many paper assets, then gold and silver will shelter you until the storm wreckage is cleared and financial life begins anew. Full Story
We are extremely pleased and excited to announce a new resource for the gold and silver community! GoldReview.com is a one-stop GOLD & SILVER News Headlines website providing you with a quick and easy overview of the global precious metals markets. Full Story
By: Ira Epstein, The Linn Group - 16 January, 2013
I’ve recently read a number of gold reports concerning predictions on what 2013 holds for gold prices. The vast number of the reports I’ve read don’t expect sharply higher gold prices in 2013. Most of the predictions seem to be centering on prices trading no higher than the mid to high 1800’s. I keep seeing an average price guesses centering on $1750 for 2013. While this is all nice as far as the academics of price predictions go, as a trader you have to take the market either a day or week at a time. Beyond that you’re probably not trading, you’re investing. Until prices take out 1653.3, the uptrend looks intact but overbought. Support is down at 1667.1. Full Story
Some have called it the Age of the Central Bank. Record monetary stimulus interventions in recent years have propelled the stock market to levels not seen since the 2008 credit crash. By whatever name you call it, central bank intervention has altered the investment and economic landscapes. Full Story
One of the greatest joys of writing Miller's Money Weekly and our premium publications is working with Alex Daley, Casey Research's resident technology guru, who also wears many other hats. While I can walk and chew gum, Alex can also whistle and juggle. Full Story
By: The Gold Report and David Skarica - 16 January, 2013
Gold stocks, especially juniors, have been undervalued for longer than most investors thought possible. The result is what David Skarica, founder of Addicted to Profits, calls a Maximum Pessimism Trade. In this interview with The Gold Report, Skarica summarizes his analytical tools. Gold junior investors might feel as if they live in the movie "Groundhog Day," but the undervaluation cycle will eventually be broken. Is the junior golds' spring around the corner? Full Story
Perhaps you have never heard of the Bank for International Settlements (BIS) located in Basel, Switzerland. Perhaps you have never heard of the Basel Committee on Banking Supervision (BCBS), a separate legal entity with headquarters at the BIS. But these two regulatory bodies play a considerably important role in the development of international banking supervisory standards. And, as it happens, they also put forward propositions on how gold is to be seen by the banks. Full Story
Gold remains in a solid up-trend. Within this up-trend, phases of euphoria are followed by periods of pessimism – a reflection of human behavior – based more on emotion than reason. Each period of pessimism – as in 2001, 2006 and 2008 – was followed by remarkable upswings for an extended time frame. In 2012, gold and gold shares went through another spell of pessimism. These never last. We are strongly recommending to buy gold and silver now, but particularly depressed gold and silver shares of solid companies with cash flow. Full Story
By saying that Greek banks need €27.5 billion Greece is essentially admitting that is needs to recapitalize its entire banking system. Also, you should know that Greek banks are still sitting on €46.8 billion in bad loans. There is a word for a banking system with a capital base of €22 billion and bad loans of €46.8. It’s INSOLVENT. Take note, the EU Crisis is anything but over. The ECB may have pushed it back by a year by promising unlimited bond buying… but that relief rally is coming to an end. Full Story
Opponents of Real Bills have a dilemma. They can either oppose them by means of enacting a coercive law, or they can allow them because they will spring into existence and circulate in a free market under the gold standard. We can hope that the principle of freedom and free markets leads everyone to the latter. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 16 January, 2013
The Deutsche Bundesbank's plan announced today to repatriate some of Germany's gold reserves from the Federal Reserve Bank of New York is so incomplete and slow as to increase, not diminish, doubt that all the gold is really available. Full Story
Hugely successful veteran gold trader Jim Sinclair says that the Bundesbank’s plans to repatriate German gold from New York reminds him of a similar move by the French leader General De Gaulle in the 1970s that caused a major upset in financial markets at the time and was very positive for the gold price. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 January, 2013
Readers may not agree with our conclusions on the confiscation of gold, but we continue to emphasize this reality. If we are wrong you will still own your gold; if we are right and you have not taken the right steps to guard against confiscation and the personal dangers to you individually, then you will lose your gold if not suffer the penalties the “Gold Confiscation Order” brings with it. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 15 January, 2013
The birth, and the apparent death, of the trillion dollar platinum coin idea may one day be recalled as a mere footnote in the current debt crisis drama. The ultimate rejection of the idea (which was to use a loophole in commemorative coinage law to mint a platinum coin of any denomination) by both the the President and the Federal Reserve seems to offer some relief that our economic policy is not being run by out-of-touch academics and irresponsible congressmen. Full Story
The story referenced in the title being whether or not global policy makers can cook up an inflationary up phase in the global economy. I had used the term ‘i2k12′ early last year referring to the prospects for what might ultimately be an inflationary 2012. Well, they came with the QE at year-end and now the theme shifts forward to the prospects for i2k13. Full Story
Whether or not platinum now holds, drops or extends its re-found premium to the gold price depends on the underlying outlook for growth vs. depression. Don't expect platinum coins to have any say in the matter. Full Story
Silver has had double digit gains in 7 of the last 10 years. In this infographic, we look at the investment properties of silver as well as its chief differences with gold. Highlights include a study on silver correlation, volatility, performance against the US Dollar and money supply, and portfolio diversification. Full Story
The American government credit card limit, aka the debt ceiling, was just increased. Politicians around the world are loudly cheering this supposedly great news. Early this morning, “Queen Gold” also celebrated this event, by taking out a key downtrend line on the daily chart. Full Story
As we turn the calendar over, there are probably two dominant questions on the minds of most precious-metals investors: Will gold and silver have a better year than the last two? And will gold stocks finally break out of their funk? Full Story
Governments - or their central banks - can print a $100 bill. The value of such a piece of paper is worth exactly as much as the supply and demand of a currency dictates. Dollar bills are legal tender for payment of debt, but if someone does not like that the $100 bill is not backed by anything, then anyone is free to decline a $100 bill in exchange for services, and barter instead. Full Story
By: John Mauldin, Millennium Wave Advisors - 15 January, 2013
As we begin a new year, we again indulge ourselves in the annual (if somewhat futile) rite of forecasting the year ahead. This year I want to look out a little further than just one year in order to think about the changes that are soon going to be forced on the developed world. We are all going to have to make a very agile adaptation to a new economic environment (and it is one that I will welcome). The transition will offer both crisis and loss for those mired in the current system, which must evolve or perish, and opportunity for those who can see the necessity for change and take advantage of the evolution. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 14 January, 2013
The German business newspaper Handelsblatt, based in Dusseldorf, reports exclusively tonight that the Bundesbank will announce tomorrow a plan to retrieve Germany's national gold from the Federal Reserve Bank of New York and the Banque de France in Paris. Full Story
Rapa Nui, which is also know as Easter Island, is a living exemplar of why our bloated modern day society should be concerned about the future, where it appears we have failed to learn from the past – yet again. Because just like the early Rapanui people, who in a mass mania to have ever-grander Moai Statues self-extinguished both their habitat and society, we too, have fallen pray to false gods and materialism, only on a far greater and obviously more profound scale. Full Story
It is not uncommon for CEOs and CFOs to mention positive balance sheet trends while completely ignoring their share count. It is up to the investor to discover if dilution is being used to lower debt/equity readings. It is also not uncommon for central bankers to extol the wonders their printin presses have unfurled (i.e. Mr. Bernanke has heralded his actions as being stock market and home price positive). But tell a central banker his policies caused a market bubble and they will protest until the end. The point is not that stock dilution and quantitative easing are inherently bad, only that each, in its own way, changes the way investors must view the world. Full Story
Summing up, the outlook for the euro is bullish for the short term but bearish for the USD Index for both the short and medium term. The implications from the currency markets this week are bullish for the precious metals sector overall, but may have no direct, instantaneous effect until correlations return to their normal values. Full Story
By: Steve Saville, The Speculative Investor - 14 January, 2013
Why is gold in a bull market? The answer isn't "price inflation", because although "price inflation" is happening it isn't widely perceived to be a major problem at this time. Furthermore, there was relentless "price inflation" during the 1980s and 1990s while gold was in a bear market. Monetary inflation is part of the answer, but it isn't the most important part because there was plenty of monetary inflation during the 20-year period when gold was in a bear market. Full Story
Regular readers of my articles either have some knowledge of Austrian economic theory or at least suspect that Keynesian and monetarist alternatives are flawed. Their failures are becoming more evident, which suggests we will hear more of Austrian theory in 2013. So how is Austrian theory different? Full Story
•More money printing by central banks. A trillion here and a trillion there, printed money everywhere. •More deficit spending. $3 Billion per day, but who cares? •More useless commentary about controlling spending, but the result will be increased spending and more useless commentary. Full Story
Think Zimbabwe a moment. This is the most recent example of a hyperinflationary depression. Basically in Zimbabwe the black nationalists ejected the white farmers and replaced them with locals who could not farm, crashed the economy and started printing money. Hey presto! Rampant hyperinflation and a very depressed economy. Full Story
Show Highlights: Guest Interviews. Headline news & the Market Weatherman Report. Host answers phone calls and email questions. Guest Biographies: Nick Barisheff, CEO at Bullion Management Group Inc James Turk, GoldMoney.com Full Story
In spite of the recent down turn in the price of gold and silver, we still remain bullish on precious metals and its equities. Regardless of its paper manipulated price (if you believe this is currently happening), history has shown us that gold is money (not fiat currencies) and it is no one else’s liabilities. When it comes to gold, as always we suggest owning the physical metals outright fully paid for and stored safely where only you have access to it. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 13 January, 2013
The fundraiser will be held from 5 to 7:30 p.m. in the Cypress Room of the Pan Pacific Hotel, adjacent to the conference site, the Vancouver Convention Centre West, and the keynote speaker will be the renowned Bob Bishop, retired editor of the Gold Mining Stock Report newsletter. Sprott Asset Management's chief investment strategist, John Embry, will be master of ceremonies. Admission to the reception will be free; there will be snacks and a cash bar. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 13 January, 2013
In their new reflection on the world economy and international financial system, the economists and fund managers Lee Quaintance and Paul Brodsky of QB Asset Management in New York (http://qbamco.com/) have had enough of central bank favoritism and subsidies to big banks and rich folk with access to discounted capital, the financial gaming that has indefinitely postponed real economic growth, the scheming for faster mechanisms of infinite money creation (like the trillion-dollar platinum coin) and market leverage, and the loss of sensible valuations. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 13 January, 2013
A report commissioned by the World Gold Council for the Official Monetary and Financial Institutions Forum in London, written by the chairman of the forum's advisory board, Meghnad Desai, more or less acknowledges what we've never seen the gold council acknowledge, the most important aspect of gold's place in the international financial system -- that is, that there is a war against gold. Full Story
All in all it was a pretty tame week in terms of market action along with the precious metals. This is the type of action that the computers love. They can chop a trader up so quickly they didn't even notice. It’s best to avoid these choppy times by either trading quickly with small positions or just staying in cash. Full Story
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