By: The Gold Report and Brien Lundin - 18 June, 2010
The U.S. dollar may only look good because its fiat currency brethren look bad, but declining confidence in paper money has thrust gold toward a position it hasn't enjoyed for a century or so— freedom from its seesaw relationship with the U.S. dollar. Full Story
It is not exactly groundbreaking analysis to say that whats good for Gold is generally good for Silver. As observers of the precious metals know, Silver tends to lag Gold but eventually catch up quickly. In the long-term sense, Silver is still a year or two behind Gold as Gold has broken above all resistance levels. Technically speaking, we do favor Gold over the next few months, but ultimately, Silver is poised to catch up with vengeance. Full Story
The latest Consumer Price Index (CPI)reading will go a long way to ensuring most people miss out on the gold run. The CPI came in at a very deflationary negative 0.2% for the month. Even the core CPI, which excludes food and energy prices, was a no-inflation-here low of 0.1%. Full Story
My argument has been that this is the greatest financial crisis in modern history, and the fact the gold stocks are almost at a new high while the Dow languishes, is a major positive, not a negative, for gold stocks. You can’t expect stocks to recover from a 90% loss in a year just because gold went to a new high. Full Story
By: Daniel Aaronson and Lee Markowitz - 18 June, 2010
The US economy and much of the global economy continues to be in a post-bubble, debt deleveraging process. M3, the broadest measure of money supply, demonstrates that deleveraging has re-emerged as a key threat to economic growth. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 18 June, 2010
Over the past month or so, precious-metals stocks’ performance has been frustrating. Even though gold looks great, lazily meandering over $1200 without a care in the world, the PM stocks have drifted sideways to lower. Unfortunately such behavior is typical in the dreaded PM summer doldrums. Full Story
Summing up, based on the information that we have available today, it does not seem that the ultimate top for this gold rally is behind us. Naturally, we may need to revisit this view if we see new developments on the market, but at this point, we remain bullish on the yellow metal. Full Story
The True Strength Index is a low lag-time momentum indicator that can be used at www.FreeStockCharts.com. Generally, it is bullish when the indicator is above ZERO and bearish when it is below ZERO. As the indicator is very sensitive and responsive to movements of price, it can be effectively interpreted for buy and sell decisions. Full Story
There is something seriously wrong in America. We all sense it, but few in the mainstream media are willing to touch it or can effectively articulate it within the public’s sound-bite oriented attention span. Full Story
Hyperinflation is the Penalty that Citizens of Major Industrial (and many) Nations will likely have to pay for allowing the private for-profit U.S. Fed and its Mega-Bankster Allies to Control their Financial Systems. But Opportunities abound for those who know Hyperinflation is coming and prepare. To fully appreciate these we must first consider. Full Story
Here is an excerpt from NFTRH89 centering on inflation/deflation dynamics currently in play. You know, humans being intelligent but herding animals, tend to flock toward one easily understood or rationalized pole or the other when it comes to the inflation/deflation debate. But folks, unfortunately this is not a one size fits all situation. There is inflation by policy and there is deflation by nature, and there are assets to own and others to avoid. Full Story
Without a doubt, the oil spill in the Gulf of Mexico is an environmental disaster. Unfortunately, as far as the global economy is concerned, Mr. Obama’s six-month moratorium on new offshore drilling is an even bigger disaster. Full Story
Gold today hit what I term a “key” resistance point. I think some sideways action will soon develop if prices are to embark to the $1300 price level. More importantly, other than for technical action, there seems little reason to expect to see large breaks in gold given the current fundamentals. Full Story
By: Louis James, Senior Editor, Casey’s International Speculator - 18 June, 2010
There’s a great deal of chatter in the press and online about the tremendous US$1-trillion-dollar mineral “discovery” in Afghanistan headlined by The New York Times recently. Most of the discussion seems to centre on whether or not this is really news and whether or not the NYT was played by the powers that be for purposes of their own. Full Story
It’s great to finally be home. After more than a month on the road, it’s time to get back and do some laundry. Travel is great. It lets you see so many things. You can take your mind off the details and get some deep thinking done. The downside is that you can get horribly behind on world events. While you can get the headlines from the road, it’s impossible to ascertain the nuances. Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 18 June, 2010
Many Asian countries have strong affinity for gold, with Vietnam apparently at the top of the list. On a per-capita-income basis, Vietnam consumes twice as much gold as India and 10 times that of China. Full Story
By: Neeraj Chaudhary - Investment Consultant, Euro Pacific Capital - 18 June, 2010
It's starting to look like Chinese labor has had enough. Led by workers at the Honda Motors plant in Zhangshan, and perhaps spurred by the suicides of ten workers this year at Foxconn Technology (a supplier to high technology companies such as Apple, Dell, and Hewlett-Packard), Chinese factory workers and other laborers across the country are going on strike. Full Story
The Coast to Coast AM radio program with George Noory had a guest on for a few minutes on May 20 to talk about the US economy in the vein of the reported melt down of the EURO/EU over the Greek debt crisis. The guest suggested the demise of both the EURO and the dollar with a soon move to a new one world currency based in some manner on the Special Drawing Rights (SDRs) now being used by the International Monetary Fund and various central banks in the world. Full Story
Like frightened little rabbits, shorts panicked once again late in the session, goosing the Dow 100 points in the final 30 minutes (see chart below). In the end, predictably, they wound up doing exactly what they had sought to avoid. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 June, 2010
Gold share prices have not moved up in line with the gold price, why? This has shaken quite a few investors, who based on past market moves, expect share prices to move roughly in line with the gold price in the belief that holding gold mining shares will produce the same if not more gains. It’s time to look at the ‘why’ of this. Full Story
By: The Energy Report and Kevin Shaw - 17 June, 2010
Wellington West Analyst Kevin Shaw lives in Alberta and believes there are few better places to invest than Canada's oil- and gas-rich provinces. But he also sees attractive international opportunities in such places as Kurdistan, the North Sea and Albania. "When you're putting a drill bit into the ground in Kurdistan," he says, "you're. . .'deep-sea fishing.'" In this exclusive interview with The Energy Report, Kevin explains why he's also big on the Cardium, Notikewin, Bakken/Three Forks and the Montney shale plays. Full Story
Clearly international free market capitalism is the midst of the greatest long wave debt crisis in history; including government, corporate and personal debt. Overcapacity plagues virtually every industry around the globe from Taipei to Toledo to Timbuktu. Debt, overcapacity, and their impact on market prices are the key long wave winter season trends that have yet to run their course. The world now faces the final years of this long wave decline and winter season that will deliver global economic and financial upheaval until 2012. Full Story
To understand how the ongoing global credit crisis may evolve, let’s look at some cultural and structural considerations. Last decade, despite being told that there may be no money to fund retirement, American consumers ramped up vast amounts of credit card debt; the European consumer, in contrast, reined in spending. Full Story
Anthem, you’ve been involved in the gold industry for a long time haven’t you? Anthem: I have, I have. Since I was born, actually, as I was raised by a gold-bug, James U. Blanchard, and it was a case of really being indoctrinated into the Austrian school of economics, and understanding what real money is, and also I went to the traditional school of finance at Emory and I am actually going back into the gold industry. Full Story
The second limited edition ‘Vision of Dubai’ gold coins are on sale from today featuring the first palm island on the reverse and Sheikh Mohammed bin Rashid Al Maktoum, the visionary Ruler of Dubai. Full Story
Silver has been sizzling and causing lots of buzz in the industry. Investors are excited. Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low. Full Story
This year's iteration of Cambridge House's World Investment Conference—a one-stop-shopping venue for resource education and opportunities—may not have set attendance records, but the videographer found plenty of people on the floors and in the halls to gather general observations about this year's show, opinions on hot commodities and insights into investment topics. Full Story
IF GROWING INFLATION is our future, then a likely-looking bolt-hole for retained capital must be the Australian Dollar. Offering the strongest developed-world interest rates since long before the global financial crisis, the Aussie's exchange rate maps investor sentiment towards the "commodity super-cycle" theory, thanks most of all to Australia feeding China's fast-growing appetite for raw materials. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 16 June, 2010
Copper is often referred to as the metal with a Ph-D in macro-Economics, since it finds its way into so many industrial applications, including automobiles, appliances, airplanes, pipes, wires, and even computer chips, to mention just a few of its uses. As such, it acts as a top forecaster of where the global economy is heading next, especially China, Asia’s economic locomotive. Copper is a favorite tool for speculators in the commodities markets, given its cyclical nature and volatility. Full Story
By: Bob Chapman, The International Forecaster - 16 June, 2010
Were it not for the Federal Reserves purchase of Treasury and Agency bonds the US would already be unable to raise funds to service debt and issue new debt, and it would already have descended into national bankruptcy. It is no wonder the Fed does not want to be audited. Through various artifices the Fed has been purchasing US treasury paper. Full Story
Europe is not “all better” by a long shot and the net result will be more turmoil and attraction to gold as a safe haven investment. Volatility is the other most important trend this year as we ebb and flow between risk aversion and risk appetite. Each new “revelation” about German and French bank US$958B, or total European bank US$1.6T exposure to the PIGS of Europe will bring on the volatility. UK has exposed themselves to US$370B in loans to just Spain and Ireland. Full Story
Summing up, the long-term direction in which the precious metals is likely to go is still up, and if you prepare yourself accordingly, you should be able to preserve your wealth, and probably even increase it, even if the current financial system would cease to exist in the current form. Meanwhile it might be a good idea to earn money along the way by trading gold, silver and mining stocks. Full Story
Former Bank of England Monetary Policy Committee member and leading UK economist David Blanchflower is suggesting that the UK target a higher inflation rate to deal with one of the highest national debt mountains in the world. Full Story
Metals investors enter the business for usually one reason: to protect their money against inflation. Obviously this wouldn't be a goal if currencies weren't generally inflated into oblivion, or if the history of the fiat currency could give investors any hope that inflation wouldn't happen. Full Story
By: Richard Daughty, The Mogambo Guru - 16 June, 2010
Do you ever get the feeling that you are in some kind of weird dream, where someone is holding a pillow over your face so that you can’t breathe, and you can dimly hear your children asking, “Is he dead yet, mom?” and I am thrashing around and yelling out, “No, I’m not dead, you morons!” but nobody is paying attention? Me, too! Full Story
Another 200-point rally in the Dow, and it’s hard to say exactly what has put Wall Street in such a giddy mood. Talk about climbing a wall of worry! Is it perhaps the increasingly shrill warnings of an oil-induced Armageddon that have sparked a binge of contrarian buying? Or maybe it’s the gap that has begun to open up between a Europe hell-bent on “austerity” and a stimulus-addicted America about to launch yet another $50 billion jobs package? Full Story
By: Marin Katusa, Chief Investment Strategist, Casey Research Energy Team - 15 June, 2010
As the world hesitantly emerges from recession, the one question that seems to be on the lips of investors everywhere is: what’s next? As the tragedy continues to unfold in the Gulf of Mexico, with no fix in sight, market attention has suddenly shifted to the energy sector after years of neglect. Pundits and would-be energy experts are a dime a dozen. Speculation about oversold or underbought oil abounds. Full Story
I talked to Ron Paul last weekend about the massive financial reform bill that is being finalized in Congress. The House and the Senate have each passed their respective versions of the bill, and now the two must be merged. The result will be the most comprehensive reformation of U.S. financial regulation since the Great Depression. Full Story
By: Steven Saville, Speculative Investor - 15 June, 2010
Many governments, including those of the US, Japan, and most euro-zone countries, have made extremely costly promises to provide entitlements to their citizens and to repay their creditors. These promises must be broken, firstly because they cannot be kept and secondly because they should not be kept. Full Story
By: The Gold Report and Richard Karn - 15 June, 2010
In the midst of a boots-on-the-ground survey of Australian precious and specialty metal projects, The Emerging Trends Report's Managing Editor, Richard Karn, took time between mine site visits to share his insights about the controversial Resource Super Profits Tax that's pending Down Under with The Gold Report. Full Story
By: Marin Katusa, Chief Investment Strategist, Casey Research Energy team - 15 June, 2010
Two years ago, British Columbia’s premier electric utility company, BC Hydro, issued its “Clean Power Call” – a bid for the province to achieve electric self-sufficiency through renewable energy by 2016. That aggressive goal sparked an intense competition. Renewable energy companies of all stripes were jostling each other to prove that their project was the best, and to win a coveted Electricity Purchase Agreement (EPA). Full Story
By: Richard Daughty, The Mogambo Guru - 15 June, 2010
DWS Funds is a “member of Deutsche Bank Group,” which I assume because it says so right on the cover of DWS Active magazine, an outfit which has somehow, without me actually noticing, over the years taken over some holdings of mine, so that now I sit, locked in a bunker and peering out at a hostile world through a periscope... Full Story
Investors enamored of gold now have two supposed contrary indicators to worry about: the New York Times, which did a front-page feature over the weekend on bullion’s growing popularity as an asset class; and CNBC, where a Deutsche Bank analysts on Friday predicted a $75 surge to $1300 an ounce over the next few days. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 June, 2010
The debate is on-going as to whether we are entering a period where demand for commodities will fall in price or not. The reports are there that the Chinese government will slow the Chinese economy down to the point where their hunger for resources will slow and commodity prices fall. If they do fall will the world’s appetite for gold fall to? And will the gold price fall? Full Story
All aboard, dear gold bugs. The train is slowly picking up speed and is leaving the station. It is your last chance to get aboard at a price reasonably close to $1,000/oz. Now you may not agree that $1,250 is reasonably close to $1,000, but when you see gold at $3,000, then you will agree. From the vantage of $3,000, then $1,000, $1,250 no big deal. The point is to be long of gold. Full Story
According to John Williams of shadowstats.com, although the Employment Report to be released this Friday will appear robust on the surface, May payrolls could contract net of the temporary census boost, setting up a buy the rumor sell the news trade in the stock market. Full Story
“I don’t fully understand movements in the gold price…” That’s what Fed Chairman Ben Bernanke admitted this week. But if he were to look at what’s actually going on and every move he has made since 2008, he would understand the price of gold and see where it’s going next. Full Story
No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons - sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations - which will all contribute to rampant price inflation. Full Story
We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world, we wrote here recently, the Dow Industrials would plummet 6000 points in mere days. And the news has been grave, indeed. Full Story
The week started out well but didn’t finish as such. Although gold made new highs it was not decisive. Should gold drop below the $1216 mark we might be in for more downside but if it closes above the $1250 level then the bull is expected to continue. Full Story
Dr. Burton Malkiel, A Random Walk Down Wall Street Dr. Marc Faber, Gloomboomdoom.com Steve Forbes, How Capitalism Will Save Us Robert Prechter, Conquor The Crash Peter Eliades, Stockmarketcycles.com Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 June, 2010
The Chinese government is encouraging investments in gold and is working to expand the range of gold investments there. But the U.S. and others believe that the Yuan is going to appreciate. Surely the Chinese investor will be hurt if this happens? Full Story
By: Bob Chapman, The International Forecaster - 13 June, 2010
As we have noted before the rage of 1789 in France cost the heads of 300,000 tormentors out of 30 million Frenchmen. The question that presents itself is will something like this occur again in our times. Full Story
By: John Mauldin and Jonathan Tepper - 13 June, 2010
Tonight I am in Venice, but I have arranged for a special edition of Thoughts from the Frontline, written by Jonathan Tepper of Variant Perception, a research firm in London. I have been corresponding with Jonathan for some time, and we have had some solid, and lately quite frequent, conversations. I am very impressed with this young man, whose perceptions and insights I find quite thoughtful. Full Story
In order to accurately appraise the status of the much-touted "global economic recovery" we are supposedly experiencing today it is vitally important to clearly and correctly understand the relationship between debt liquidation and economic recovery. Full Story
One of the most debated topics today concerns the level of debt as it concerns consumers, corporations and governments. Government debt has commanded a particularly large share of the limelight in recent weeks. Among those who are concerned that debt levels have reached "crisis" proportions, there's seems to be a consensus that the debt balloon has reached well night the bursting point, and further, we have reached the point of no return when it comes to the servicing of the debt. Full Story
Bottom line: COT report reveals huge divergence between classes of COMEX commercial traders. Producer/Merchants near record net short gold while Swap Dealers unwilling to add to net short positioning. Gold +1.2% and the gold LCNS +2.2%. Silver -0.8% and the silver LCNS near flat at +0.2%. Full Story
Markets rallied in the US late into the week with most gains coming on Thursday. With options expiry coming in the week ahead we have be aware and not read too much into the moves. Option writers are notorious for keeping prices in a range that will maximize their returns. That sounds like manipulation. Yes it is! But it occurs every single month in equities, commodities and everything really. Full Story
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