By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 March, 2011
After the earthquake and Tsunami wreaked horrendous damage in Japan and was blamed for huge drops in equity and other markets, extreme volatility was the best description of most global markets for this last week. The media even blamed the nuclear threat in Japan for the fall in the Dow Jones in the U.S. Clearly, this was not the case, but the extreme nature of the volatility has raised large questions as to what really is going on globally. To see why there is such high volatility over global markets we have to stand back so as to see the full picture. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 18 March, 2011
One of the immediate financial consequences of the catastrophic Japanese earthquake is that Japan needs to call on its huge cache of foreign exchange reserves to rebuild its shattered infrastructure. To pay for domestic projects, Japan will require yen - not dollars, euros or Swiss francs. As a result of these conversions, the yen rallied considerably after the quake struck. Full Story
By: The Gold Report and Louis James - 18 March, 2011
Good rocks and good people are the core building blocks of successful junior miners. Casey Research Senior Editor and Mining Strategist Louis James wants to see the mineralization close up and talk to geologists to verify the powerful upside potential that may be in these stocks, which are also vulnerable to staggering corrections. Full Story
Summing up, once again we have some mixed signals for gold and silver with the immediate-term being bullish but the short-term (several weeks) being mixed. Platinum moves show that there still appears to be some positive news in at least one of the precious metals and this may very well carry over to the others. Full Story
By: Adam Hamilton, Zeal Intelligence - 18 March, 2011
Silver’s massive surge since late January has naturally made it wildly popular these days. But with the general-stock-market weakness gathering steam, silver traders are increasingly wondering if it could somehow spill into and affect silver. Market history not only shows it likely will, but the odds favor a rather severe downside impact. Full Story
Recent Pullbacks in Gold and Silver Prices are increasingly providing excellent Buying Opportunities for those who wish to add to their positions. Thus it is particularly important to note that buying and holding a particular form of these Precious Metals can both enhance Profit opportunities and Wealth Protection and increase the Political Power of the Holders. One might call such Purchases “Power-Purchases”. Full Story
We believe in investing in long term bull market trends. To illustrate this point consider the following. In theory, with only two trades and two and a half long term trends, an individual could have turned only $10,000 into more than $47.6 million dollars. Full Story
Ever wonder how silver mining actually works? Silver formation, exploring for silver and a method for measuring the concentration of silver is covered in this first part of a two part documentary on the science of silver mining. Presented by Endeavour Silver Corp. as part of an ongoing series of educational films on all things silver. Full Story
Well, you can’t justify these swings in the yen on the basis of fundamentals or technicals. In fact, by both technicals and certainly fundamentals, the yen should have fallen hard after the earthquake. Yet, it did not. Obviously, there was much manipulation from some power with big money. Here, we have to be talking about the prime manipulators of all in the markets—the Rothschild Cabal manipulators. There is no other explanation. Full Story
By: Richard Daughty, The Mogambo Guru - 18 March, 2011
Thorsten Polleit, of the Frankfurt School of Finance & Management, penned an article in The Free Market newsletter of the Ludwig von Mises Institute titled “The Many Names for Money Creation.” Full Story
By: Rick Ackerman and Tom Waldenfels - 18 March, 2011
With debt spinning wildly out of control and the States threatening to revolt against the tyranny of Washington, we asked some frequent contributors to the Rick’s Picks forum how they thought the economy would look five years from now. In the essay below, Tom Waldenfels asserts that it wouldn’t take as much as a “black swan” event to tip an already destabilized economic system into chaos. In the meatime. he finds it baffling that so many people evidently cannot see this disaster coming. Full Story
In January, Jeff Clark of Casey Research’s BIG GOLD advisory set out to get opinions from some of the smartest, most accomplished investors in the gold industry – where is the gold price going to go, how volatile will the markets be, what’s the outlook for precious metals stocks? Read on for some of the most insightful answers you’ll see anywhere… Full Story
Even in the face of problems at Japan's Fukushima Dai-Ichi nuclear reactor following a massive earthquake and tsunami, Jennings Capital Mining Analyst Alka Singh takes a positive long-term view on uranium prices. In this exclusive interview with The Energy Report, Alka explains why uranium demand will increase globally in the next two years. Full Story
By: John Browne, Senior Market Strategist at Euro Pacific Capital - 17 March, 2011
Japan is facing two meltdowns in the wake of its devastating earthquake. The first, and more critical, is the meltdown at the Fukushima I Nuclear Plant, 150 miles north of Tokyo. Surely, this is the greater near-term threat. But long-term, another threat looms, having to do with the Japanese government's response to the former. Full Story
Just as observers initially underestimated the impact of the 9.0 earthquake that struck Japan last week, they are probably also now underestimating the aftershocks of this event for the global economy, and wrongly see this as solely a domestic matter for Japan. Full Story
Austrian School economists have often explained the business cycle using the metaphor of liquor or drugs. The expansion of paper money and credit gives a sense of exuberance, an economic high that leads to excessive risk-taking and ballooning production. But it can’t be sustained. There is a morning after. Full Story
Gold was overbought in my last report is now oversold. If prices get over the Bollinger Band Top of 1406.6, a rally up to 1416.2, it would be of no surprise. However, there is nothing even if that event occurred that would be bullish on the chart below. Gold is oversold and some short covering or bottom picking rallies are likely. However as long as prices remain under the 18-Day Moving Average of Closing Prices, I will continue to look for selling patterns. Full Story
Following the worst natural disaster in decades, the Japanese central bank will begin an instant round of easing to boost liquidity as Japan continues to recover after disaster. The country, wrecked by an awful 9.0 earthquake and following tsunami, along with nuclear reactor exposure, will now cope in perhaps the worst way with economic fallout: 15 trillion yen in bond-buying, worth roughly $183 billion. Full Story
By: Richard Daughty, The Mogambo Guru - 17 March, 2011
I was particularly interested in this week’s ubiquitous newspaper insert, Parade magazine, as its cover featured the interesting article “What People Earn. Our Annual Salary Survey.” Knowing that the average government worker makes an astounding twice as much in wages and benefits as the average private-sector worker, I was hoping that I could use something in the article to take to my boss, as part of my new Mogambo Income Enhancement Plan (MIEP), and say, “Hey! Look at all the money these people make! I deserve more money to work at this crappy job! And I deserve more because I am probably as good an employee as at least one of these guys! I want a raise! Big fat one!” Full Story
I think an update is due for everyone. Times are unprecedented and markets are very dangerous. I’m sure you are all well aware news is unfolding regarding the potentially six nuclear meltdowns in Japan now, faster than you can really keep up with. The reality is it’s surely much worse than is being let on at the moment. Full Story
In 1980, the price of one ounce of silver reached $ 50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 135 to reflect the value of the US dollar thirty years ago. Full Story
Relative Gold is also known as the real price of Gold. Its essentially a comparison of Gold against various asset classes. Why is this important? There are two reasons. First, the real price of gold tends to lead leverage performance (e.g the HUI/Gold ratio). Second, the real price of Gold often provides hints of the future direction of the nominal price of Gold. Full Story
It’s been only a few days since we’ve posted our latest timing-related essay on gold and silver prices, and since that time the situation has changed dramatically. Before providing you with the main point of this essay, we would like to comment on one of the questions that we’ve received recently. Full Story
As a shadow money, gold is a hedge against times when value investing becomes difficult or impossible because money has become too unstable. During those times, gold is a way of preserving purchasing power until the some stability returns. The disruption of the price system and resulting misallocation of capital will undoubtedly create many opportunities for value investors, once the monetary crisis is over and the monetary system is stabilized. Having some asset that can then be converted into stable money (which may be gold itself) will give value investors the ability to take advantage of these opportunities when they emerge. Full Story
By: Jeff Berwick, The Dollar Vigilante - 15 March, 2011
What a few days it has been. It was and continues to be a humanitarian disaster of grand proportions - and one that happened on an island where there is more high end video and cellphone cameras than almost anywhere in the world - bringing us photos and videos that are both shocking and incredible. Full Story
Gold’s volatility is already growing enough, without Fudd on board! Japan, the Mid East, Ben “Dr. Pinocchio” Bernanke hundred trillion dollar OTC derivatives balance sheet marked to 2 trillion dollars of lies, $100 trillion of unfunded liabilities, and the list goes on and on. The crisis is not over. Not at all. It is accelerating and QE is the accelerant. QE never was a solution. It’s a payment mechanism to pay the banksters trillions in OTC derivatives winnings, and that, dear readers, is why QE is going to infinity, not because it is a solution for anything. Full Story
By: The Gold Report and Bob Moriarty - 15 March, 2011
Well, you can't eat gold either. But at least gold is easier to carry around, says precious metals pundit Bob Moriarty. In this exclusive interview with The Gold Report, Moriarty lays out his forecast for the U.S. government (ousted), banks (collapsed) and why he still has significant stakes in precious metal equities despite his doomsday predictions. Full Story
Despite the Fed recently surpassing China as the largest owner of U.S. government debt, the U.S. remains heavily reliant on foreigners to fund the government’s ongoing fiscal largess. Geithner’s Treasury Department has firmly focused new issues at the mid to longer end of the yield curve (since Geithner assumed office, the average length of marketable Treasury debt held publicly has increased by nearly one year). Full Story
By: Michael Pento, Senior Economist at Euro Pacific Capital - 15 March, 2011
A few months ago, the chorus sung by the recovery cheerleaders reached a crescendo when expanding consumer credit statistics and surging US trade deficits provided them with "evidence" of an economic rebound. In declaring victory, they overlooked the very nucleus of this past crisis: namely, the enormous debt levels and bubbling inflation that created fragile asset bubbles. Full Story
By: Richard Daughty, The Mogambo Guru - 15 March, 2011
Charts from contraryinvestor.com show that, as of right now, there is going to be almost $1.8 trillion in US Treasury debt maturing this year, and all of it will need to be “rolled over” by issuing new debt. Perhaps it is also instructive that they also note that “Just shy of 50% of UST debt ‘rolls’ within three years.” Full Story
By: Rick Ackerman and John Skerencac - 15 March, 2011
With debt spinning wildly out of control and the States threatening to revolt against the tyranny of Washington, we asked some frequent contributors to the Rick’s Picks forum how they thought the nation would look five years from now. In the essay below, John Skerencac finds these times too volatile to predict, other than to say that some very dramatic changes are surely coming. On the positive side, he sees a nascent revival of America’s manufacturing sector and a trend toward fiscal austerity. But if we fail, he says, there’s always the “Mad Max” option. Full Story
We have unwittingly become trapped in the snarled net of years of bad Public Policy. Like corporations that look no further than this quarter's results, our politicos never stop campaigning to start the tough task of ruling responsibly. A winning election simply represents 'rewards' and 'spoils' to all before quickly resuming the next campaign. Full Story
It’s happening. The world is getting smaller. No, the physical world is not shrinking. And the number of people populating the planet is not going down, at least not yet. Instead, what we are referring to here is the human condition on mother earth. How we have become masters of our destinies through technological development, and how all this has effectively shrunk the world in terms of resource procurement, international trade, and economic organization. Full Story
I am at a loss for words (something that rarely happens to me) as to why so many in the Precious Metals Sector have become so negative at this juncture in this Historic Precious Metals Bull Market. No doubt, many have “2008-itis”, thinking that the Dow is going to crash. Of course, that has been the daily mantra since the top in 2000, hasn’t it? Full Story
Australian gold stocks do not generally move up or down as a group in sequence. This presents both opportunity and an additional challenge for investors in this sector. To further complicate this dynamic the price of gold does not necessarily dictate the short term price movements in gold stocks. At times gold leads the stocks up and down - gold stocks can also lead the way. Full Story
It’s now been over a decade since the great tech bubble burst in the year 2000, but even today technology stocks are still popular among most investors and the financial media. There are good reasons for the continued popularity of technology stocks. Not only do tech companies deliver us cool new products each year, but many tech companies have delivered great stock returns as well. Full Story
This is for all you folks out there with retirement accounts in the general stock market. I've been warning for many months that the cyclical bull we've been in for almost two years is still just a counter trend rally in an ongoing secular bear market. I made that same warning about the last cyclical bull market from `02 to `07. Many people ignored me in November `07 when I said the second leg down in the secular bear had begun. I suspect many people wish they hadn't. Full Story
Late Sunday night, Tokyo stocks were getting savaged even as Reuters reported there was little evidence of short-term “funding shortages” in Japan’s financial system. The Nikkei Average initially dropped nearly 500 points, to 9756, when trading began, but it remained to be seen how U.S. stock would react. As of around 11:30 p.m., S&P Index futures had been down as much as 14 points, equivalent to about 100 Dow points. However, such moderate selling is usually a sign that institutional buyers are bullish and merely trying to shake loose some bargains ahead of Monday’s opening. Full Story
From the long term stand point we are still nowhere in trouble with this bull market but things are starting to show weakness. Gold remains above its positive sloping long term moving average line. The long term momentum indicator (I use the 150 day RSI) remains in its positive zone but has now moved below its trigger line, although the trigger is still in a positive slope so this is just the very first stage of a momentum warning. 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: Catherine Austin Fitts, Solari Inc. Jim Rogers Full Story
In the last six weeks gold has erased all the losses from the short-lived correction. Gold is back setting new all-time highs and silver is up more than 30% in the past six weeks. But as precious metals are adding to their gains, there are a lot of perceived headwinds coming for gold in the months ahead. Full Story
By: Bob Chapman, The International Forecaster - 13 March, 2011
Wall Street at least temporarily relieved of the burden of having to buy Treasuries & Agency bonds, is looking at the jump in oil prices as nothing more than an irritant to their plans for a higher market. Bill Dudley of the NY Fed, a most powerful member, continues to make a vigorous defense of Federal Reserve policies. He, and a few other Fed participants, and Chairman Bernanke believe liquidity is the key for solving problems. That is not only in the realm of debt purchases, but in the relief it brings to Wall Street and banking. Full Story
By: Andrey Dashkov, Casey Research - 13 March, 2011
Several legislative initiatives caught our attention recently. All of them are related to the monetary role of gold and range from proposals to return to the gold standard, to minting gold and silver as an alternative currency, to having all state transactions carried out in gold and silver coins, to permitting citizens to run their own mints. Full Story
Commodity prices have been on a rollercoaster ride as central banks have pumped trillions in liquidity into the global system, trying to prevent a deflationary long wave debt collapse from delivering the economic coup de gras, and driving the global economy into a natural Kondratieff (aka Kondratiev) long wave winter season bottom. Commodities are the ingredients of global economic production; they go into almost everything you buy. Investors in commodities, stocks, bonds and gold should all take note of the most powerful resistance line the CRB Index has encountered since the 2009 bottom. Full Story
By: John Mauldin, Millennium Wave Advisors - 13 March, 2011
We know that the world is drowning in too much debt, and it is unlikely that households and governments everywhere will be able to pay down that debt. Doing so in some cases is impossible, and in other cases it will condemn people to many hard years of labor to be debt-free. Inflation, by comparison, appears to be the easy way out for many policy makers. Full Story
By: Richard Daughty, The Mogambo Guru - 13 March, 2011
If you are looking for useful information, but also for a good laugh, in the latest Big Load Of Lying Crap (BLOLC) from your government, the latest report from the Bureau of Labor Statistics is it. It starts right out with the seemingly innocuous, “Nonfarm business sector labor increased at a 2.6 percent annual rate during the fourth quarter of 2010. The gain in productivity reflects a 4.0 percent increase in output and a 1.4 percent increase in hours worked.” Full Story
Speaking at the Casey Research Gold and Resource Summit, Richard Russell told the audience, “I’d feel much better holding everything I own in gold. Holding dollars means holding a depreciating asset and I feel much more confident holding gold.” Full Story
It was quite a week to be sure. Markets were turbulent and have broken down slightly with the Nasdaq leading. This is normal, as the Nasdaq has led for quite some time and foretold the breakdown in other markets as well this past week. Full Story
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