By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 September, 2009
As the sixth and final part of this series we now look at this question: “Is it possible to get a synthesis of world governments to override the attraction of gold??” Full Story
By: The Gold Report and Clif Droke - 18 September, 2009
A serious student of equity market cycles and stock charts, market technician Clif Droke pulls no punches about the fact that the 120-year Grand Supercycle bodes ill as it approaches its end. Although his analyses of charts and cycles suggest some bright days on the near-term horizon, they also foretell depressing darkness by the middle of the next decade. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 18 September, 2009
One-thousand Federal Reserve Notes per troy ounce! This past week gold edged over $1000 to close at its highest levels ever witnessed. This much-maligned investment has nearly quadrupled since its secular bull’s humble beginnings in April 2001, a fantastic 297% gain compared to the S&P 500’s pathetic 7% loss over this 8+ year span. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 18 September, 2009
As we pass the one year anniversary of the fall of Lehman Brothers, journalists, politicians and market analysts have seized on the occasion to offer seemingly sober assessments of what went wrong and what went right in the lead up and aftermath of the biggest financial event since Black Tuesday. Full Story
GOLD'S CURRENT price-tag of $1,000 an ounce suggests big doubts over the US Dollar, its domestic economy, and its status as the world's No.1 reserve currency. Or so we guess after 10 years of watching it quadruple from two-decade lows. But gold investors (old, new and everywhere) should note that this decade's bull market in bullion is about much more than the greenback. Full Story
As to the financial markets, recent weakness in the U.S. dollar and strength in gold might be suggestive of foreign investors being increasingly less willing to buy into the U.S. markets (with resulting downside market liquidity risk, upside U.S. interest rate risk as seen in 1987). Full Story
By: Daniel Aaronson and Lee Markowitz - 18 September, 2009
We recently attended a two day mine tour of a publicly traded company. We anticipated that the atmosphere would be full of enthusiasm because of gold’s recent breakout above $1,000. Yet, the mood was completely neutral and discussions about gold were nearly non-existent. We came away with a number of conclusions about gold, all of which support the prospect for a higher price in the near future. Full Story
Many gold gurus including myself have been forecasting $1,000 gold for years. Though U.S. driven debt and deficits have always been the key drivers behind my viewpoint, I can tell you no one foresaw just how big a financial hole the governments around the world would dig for themselves. Full Story
By: Sol Palha, Tactical Investor - 18 September, 2009
Stories such as the one listed below are going to increase in the months to come; indeed since that story came out in June, we have seen articles of a similar nature advocating that real estate has put in a bottom and that its time to buy. At some point even the most sceptical will feel inclined to believe that the housing sector has put in a bottom. Full Story
By: David Morgan, Silver Investor - 18 September, 2009
Many have been asking what is going to happen with gold and silver this month, and I maintain it is a tough call. The September month is usually pretty positive for the metals. In fact, there have been several articles talking about the last chance to buy gold under $1000. Frank Holmes, a much respected fund manager, spoke recently about September being one of the best months to be in the metals markets. I certainly don’t disagree with Frank. I’m pretty bullish for September but I’m very cautious going into October. Full Story
By: David Galland, Managing Director, Casey Research - 18 September, 2009
Simply, there is a new gorilla in the room in global gold markets. The extent to which the broader market hasn’t yet figured this out is the extent to which you as an early mover can ultimately profit. Especially in the more leveraged gold stocks, which continue to be strong even as the broader markets show weakness. Full Story
Why is deflation bad? If one can manage to keep one's job and one has some savings, deflation is the greatest thing since sliced bread. Stuffing cash under the mattress is actually profitable during a true deflation, as the prices of most goods fall during deflation. Why exactly then is deflation bad? Full Story
For sure, the Cabal bosses can lose control of the financial markets which they have controlled for ages. I fully believe this will eventually happen to bring on an explosion up in prices of gold, silver and other commodities. If the American people ever lose confidence in the system, it will be sayonara to the market manipulations. Full Story
By: Richard Daughty, The Mogambo Guru - 18 September, 2009
I was very interested in the news I read from MarketWatch that said, “Hong Kong is pulling all its physical gold holdings from depositories in London, transferring them to a high-security depository newly built at the city’s airport”, although it does not say why the depository was built at the airport, of all places. Full Story
By: Rick Ackerman, Rick's Picks - 18 September, 2009
Is the economy recovering? Nowhere is there more confusion on this topic than in the pages of the Wall Street Journal. Anyone scanning just the headlines might think we’re on the cusp of a solid rebound: retail sales are up, home sales are starting to move, and the Fed chairman thinks the worst is behind us. It is only when one burrows into the newspaper, particularly the op-ed pages, that a more sobering picture emerges. The facts well behind the headlines can be pretty blunt, if not so say downright grim. Full Story
Burn, Baby, Burn !!! Could it be that one response to the Chinese shot across the bow of the corrupted and leaky USS Derivative ship at sea is the announcement that Barrick Gold to cover their entire hedge book… again? Maybe! They covered them all in 2007, didn’t they? They said they did! This is turning out to be an event every two years. Full Story
There’s really not much to write about. Last week I said: “It’s my belief that another surge in gold prices is about to take place. Seasonally speaking, mid September fits the historical time frame for the next up leg to begin. Technically speaking if Tuesday’s high of 1009.7 is taken out whatever the current reaction low is should be the low for the rest of September. This of course is technically speaking as I don’t have a crystal ball.” I don’t see anything that’s changed. Full Story
By: David Galland, Managing Editor, The Casey Report - 17 September, 2009
Tim Geithner, the Goldman Sachs Secretary of the Treasury, has gone on record as saying that the government will withdraw its $3 trillion backstop guarantee from the money market fund industry, on schedule, this September 18. Full Story
Now a year removed from the Lehman Brothers failure and as memories of the tumultuous events of late-2008 and early-2009 begin to fade, an eerie complacency settling in over financial markets that millions of investors hope does not portend a storm to come, in order to gain more perspective on what exactly has transpired over the course of the last year or two - and over the last decade or two - it seemed like a good idea to reflect on how things could have been this year if, years ago, many decisions had been made very differently. Full Story
By: Jason Hommel, Silver Stock Report - 17 September, 2009
One trouble with Americans is that we think we are the center of the world. We do have about 5% of the world's population, and use up about 25% of the resources. That's mostly a function of being significantly "wealthier" than the rest of the world. But that's mostly paper wealth. Will it last? Only if we buy at least 25% of the world's silver and gold. Do we? Not in gold, but we do in silver! Let's get to the facts. Full Story
By: The Energy Report and Gianni Kovacevic - 17 September, 2009
"It's all about the management," says corporate development strategist and consultant Gianni Kovacevic, who has identified a single player in both geothermal and nuclear energy sectors—the "absolute leaders in the space." In this exclusive interview with The Energy Report, Gianni discusses some of the elements that make their management teams so powerful. Full Story
By: David Coffin and Eric Coffin - 17 September, 2009
The overall market tone remains bullish though volumes are still light. It’s an impressive turnaround from the “world is ending” scenarios being outlined only a few months ago. Many more analysts and commentators have turned bullish in the last couple of weeks. While the bearish population is still healthy, which may explain the lighter volumes, growing bullishness could become a contrary indicator. Full Story
Before you send me scathing emails and put me onto the long list of precious metal bears let me say I remain a huge bull in regards to the precious metals and more specifically on gold and silver since they have monetary meaning. I am even more bullish on silver than gold because of it’s increasing industrial demand. Full Story
By: Andrew Mickey, Q1 Publishing - 17 September, 2009
Now though, with the markets showing continued and exceptional strength, we have to wonder whether it’s time to take profits or let our winners ride. To do that, we’ll have to look at some of those “good clues.” Full Story
There is a headline that has been all over the media ever since September 2008: “Bank Bailout Will Soak Taxpayers.” As obviously true as this headline appears to be, it is in fact, dangerously misleading. Indeed, as we will cover in this article, the idea that taxes will pay for the bailout is ludicrous, an insult to both your intelligence – and your net worth. Full Story
Compared to various stock groups, gold stocks offer good value. Take a look at these ratios. In nominal terms the GDM index is well above its 1994 & 1996 high. Yet in real terms (against these other stock groups), GDM is considerably below the high in the mid 1990s. Why should we care? It indicates that we have yet to see a widespread move out of other stock sectors and into the gold stocks. That is pretty amazing considering that gold stocks have been rising for nine years. Full Story
By: Roland Watson, The Silver Analyst - 17 September, 2009
I don’t know but rest assured this is not a time to buy in bulk unless you are disciplined with your stops and do not allow them to be unactionable at any time. Am I saying the silver bull is now dead and buried? Not at all! Was the bull over after the previous examples? Prepare for greater heights but don’t get carried away at these critical junctures. Full Story
By: Richard Daughty, The Mogambo Guru - 17 September, 2009
I always get a kick out of people – like the author of this week’s “Buttonwood’ column in The Economist magazine – who say that tax revenues to government are suffering because they spent all the inflated tax revenues they got all these years, and now the revenues are gone, gone, gone but all the programs and government-paid employment remains! Hahaha! Another downside of acting like idiots. Full Story
By: Rick Ackerman, Rick's Picks - 17 September, 2009
Here are two numbers to jot down if you’re interested in gold and the U.S. dollar: 75.47 and 72.93. Those are our current downside targets for the NYBOT Dollar Index, and we are quite confident that both will be reached in the fullness of time. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 16 September, 2009
Readers familiar with my views know that I believe that the current stock market rally is a bullish chapter in an otherwise bearish novel. In the spring of this year, I had said I would not be surprised if the Dow were to hit 10,000 by the end of summer. Full Story
SO SPECULATIVE BETTING on gold going higher now equals a record-busting 752-tonne position in Comex futures and options, yet this is not a bubble according to Michael Pento of Deltaga. Full Story
By: Bob Chapman, The International Forecaster - 16 September, 2009
What do you do after you have zero interest rates and you have flooded the world with money and credit? The answer is you attempt to fight off higher interest rates and see if you can dodge the inflation bubble that follows. The commitment for this current fiasco to save the world’s Illuminist banks has already caused an official debt responsibility for the US of more than $23 trillion of about 40% of world GDP. Full Story
Spokesmen for the Obama Administration and the Wall Street establishment refer to the slight up tic in lower-priced housing prices and existing home sales as a positive sign that we’re close to a bottom. Why is it, then, that housing prices in the mid to high-end range are still crashing? Full Story
Gold's recent breach of the symbolic US$1,000 level has elicited a predictable amount of commentary from mainstream analysts. The problem is, much of it is ill-informed. Due to the general amnesia of most market analysts, of all asset classes gold remains the most misunderstood. In order to comprehend why gold is rising and why it will continue to rise in the years ahead, we need to review some history. Full Story
The Social Security system has long been described as the third rail of American politics. "Touch it, and you die." You get electrocuted. If you should somehow survive, the next subway train will cut you in pieces. There is such a rail in academia: the Federal Reserve System. Full Story
By: Der Gold Report and Paul Poli - 16 September, 2009
Dear Paul, thank you very much for your time to talk about your company MATSA RESOURCES. First of all please give us a quick overview about your position in the company and your experience in the mining sector. Full Story
Industrial use of silver is often associated with the declining use of film, then it represents only 1 / 10 of its use. Silver is used for its conductivity (electronic) and properties bactericidal (nanotechnology of Health). Since the advent of digital photography, industrial demand has largely offset the decline in demand for photographic film. Full Story
By: Steven Saville, Speculative Investor - 16 September, 2009
The following chart shows the HUI and the HUI/gold ratio. Of importance is that the HUI traded as much as 22% above its 50-day moving average on Friday and ended the week 19% above this moving average. There is no telling how 'overbought' a market will become before it begins to retrace, but note that the HUI has rarely, in the past, been as far above its 50-day moving average as it is right now. Full Story
Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Tom Woods, Gerald Celente, and others. Prepare now before the US dollar is worthless. Full Story
By: Richard Daughty, The Mogambo Guru - 16 September, 2009
In another episode where the comics page eerily mirrors real life, a recent “Garfield” cartoon has Garfield confronting a resident rat who has been taking cheese, but leaving IOUs, from the “cheese drawer” of the refrigerator. Garfield threateningly says to the rat “Stop with the IOUs” and the rat calmly holds up his hand in protest and says, with a look of utter sincerity on his face, “No, no…I’m good for it”! Full Story
By: Rick Ackerman, Rick's Picks - 16 September, 2009
It’s almost official: the recession is maybe, probably, technically over. Helicopter Ben said so yesterday, and who are we to argue? You can hardly blame the guy for having his head in the clouds, considering how retail sales absolutely exploded in August. Sure, it was due almost entirely to a cash-for-clunkers program that taxpayers have yet to pay for. Full Story
By: The Gold Report and Gianni Kovacevic - 15 September, 2009
Corporate development strategist and consultant Gianni Kovacevic, back with The Gold Report for the second time this year, still takes a shine to copper—but he has a lot more company now than he did in April. As copper climbs, the Monday morning quarterbacks are changing their tune. Also a fan of molybdenum, which is often a significant byproduct of copper mining, Gianni says it does more than fortify steel for pipelines, vehicles and beams. He calls it the "glue" of any growing economy. Full Story
By: Bill Bonner, The Daily Reckoning - 15 September, 2009
The UK Telegraph recently quoted at length Cheng Siwei, former vice chairman of the Standing Committee of the Chinese Communist Party. He explained how Beijing is dismayed by the “credit easing” coming out of the Federal Reserve. Full Story
Some might believe that we have reached a culmination of sorts for the financial crisis that began in 2008 and that from here things are going to get better. This study draws the opposite conclusion. The bail, rescue and print formula being employed by the federal government and central bank today is simply a continuation of policies that brought about the crisis in the first place. Full Story
Gold cracked the $1,000-an-ounce barrier for a second time last week, and the New York spot price is now hovering right around that four-digit mark. The first time this happened, in March 2008, the price plummeted to the low $900s within a couple of days. Full Story
Everything is lining up for the implementation of the Gold Standard in the USA (as well as around the world!). As planned and implemented by Alan Greenspan and friends over the last 40 years we have come down to the final weeks/months for the Banking Cabal. Full Story
By: Ned W. Schmidt, CFA, CEBS - 15 September, 2009
Well, the U.S. has another debt problem in the making. This one has been visited before on a regular basis. The U.S. is running out of the ability to issue new debt. So much debt has been issued that the U.S. is bumping up against the statutory debt limit, which is set by Congress. That limit, now don’t laugh, was intended to keep the U.S. government from being a runaway debt machine. Full Story
By: Richard Daughty, The Mogambo Guru - 15 September, 2009
I really got a laugh out of the report from Bloomberg that the Democratic Party of Japan (known in the parlance as DP) won an historic victory in the recent elections, coming to power for the first time in decades with “a pledge to support households battered by two decades of economic stagnation”, whatever that is supposed to mean, but which is, upon even casual inspection, Standard Political Crapola (SPC). Full Story
By: Rick Ackerman, Rick's Picks - 15 September, 2009
Gold hasn’t made much headway since the beginning of the month, when COMEX futures surged $50 in the space of two days. With the dollar suffering from the vapors, there’s no compelling reason why the December contract should have loitered near $1000 ever since. Full Story
By: Bill Bonner, The Daily Reckoning - 14 September, 2009
This week marks the one-year anniversary of the Lehman bankruptcy. The media struggles to say something meaningful about it. Here at The Daily Reckoning we will not even attempt meaningfulness. We’ll be satisfied with a few snide remarks. Full Story
My fellow Economic Geologists, it is time to give back to this fascinating business that has allowed all of us to become financially secure and in many instances, muy rico. Seek, find, and inspire a favorite young geologist to: See the World, Explore, Develop, and Create Wealth. Full Story
You Don’t Mess With The Zohan is the title of a funny flick starring Adam Sandler from which I will borrow a sentiment that should apply to the breakouts in precious metals yesterday. And that is normally you don’t mess with breakouts like this, however in knowing gold and silver continue to be in play via our self-serving bureaucracy / price managers, paranoid as this may sound, I wouldn’t be surprised for a minute if these characters attempt to scuttle the rallies in coming weeks. Full Story
In this day and age of massive financial miscalculation and blunder, it’s not easy coming up with the single trade that holds the title of the dumbest of all. After all, we have seen trading positions that have, quite literally, destroyed large firms, like Bear Stearns and Lehman Brothers. We’ve seen large individual trades gone sour to the tune of billions of dollars, as in the case of Amaranth and Soc Gen. Full Story
A picture is indeed worth a thousand words. And the picture above is worth a lot more than that – if you understand it and know how to interpret it. Sadly, there are many people who do not understand this important technique. Full Story
In spite of the excessive, in-your-face, rhetoric in the hundreds, if not thousands, of newspaper and on-line articles this past week on gold bullion it does not warrant the hype - at least not yet. All one has to do is examine the performance of gold relative to the broad stock market indices and the various commodity-related indices to see that its rise above $1000/oz. is not really that impressive. Full Story
Fraud and corruption are being exposed at the highest levels of our financial markets. The integrity of our so called "free" markets has been badly damaged and rightly so. The cover up, fraud and deceit have reached biblical proportions. Full Story
Precious metals moved higher this week and gold managed to close above the $1000 barrier, a significant development. I think it won’t be long before $1,000 is the new floor of the gold price and not the ceiling. Full Story
It is possible that gold will stage another attempt to take out $1010, but more likely that the current rally is over. I have lightened up on all my bullion and mining stocks (while keeping my core positions), and I am holding cash to buy back after the correction which I expect soon. For any trading positions you decide to keep open, I highly recommend using trailing stops to protect gains because the correction will be swift when it comes. Full Story
At the end of a good movie, oftentimes apparently unrelated events are woven together and it becomes clear how and why things happened. If, today, it feels as if we are at the end of an era, it is because we are; and, just like the movies, only at the end do certain events and the reasons for them become clear. Full Story
The silver backwardation has been on-again off-again throughout 2009 and this portends gigantic problems for the worldwide monetary system. Backwardation is a situation where the fiat currency price of a commodity is pregnant with a premium the buyer is willing to pay for immediate delivery. Full Story
Gold is back in the spot light as it flirts with the $1000 per ounce level. This closely watched commodity looks as thought it will rocket higher because of the multiple trading time frames indicating breakouts. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 14 September, 2009
The definition of our American Heritage is simply the handing down from generation to generation a tradition of freedom and self sufficiency. Of course, as we all know, those days are receding rapidly. Full Story
By: Rick Ackerman, Rick's Picks - 14 September, 2009
We’ve always believed that the stock market’s ups and downs are driven not by anything so mundane as news events or the economy, but by the same mysterious cyclical forces that govern the physical universe. Nevertheless, two rapidly evolving news stories threaten to abruptly reverse Wall Street’s heedless bear rally, which recently entered its seventh month. Full Story
1st Hour: Headline news & The Market Weatherman Forecast. Spotlight Stock Picks. Host, Chris Waltzek & The International Forecaster discuss Superstar Investors & answer listener's questions. 2nd Hour: -Dr. Marc Faber, GloomBoomDoom.com Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 September, 2009
As the fifth part of this series we now look at this question: “How will Gold Confiscation affect the citizens of other countries, in the event their Central Bank takes their gold?” Full Story
By: Andrew Mickey, Q1 Publishing - 13 September, 2009
The precious metals bull market is in full swing. The gains in precious metals have been slow and solid. There are bouts of euphoric urgency and small corrections all along an upward trend. Those are the signs of a true bull market. Full Story
Investors will much more readily forgive a market commentator who is bullish and wrong than one who is bearish and wrong. This explains why, with gold tantalizingly close to breaking out to new highs, bearish or cautious articles on the yellow metal are few and far between. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 13 September, 2009
As compelling as monetary gold is theoretically and philosophically, even those who invest in gold for monetary purposes are missing something terribly important if they don't have the opportunity to see it. After all, a fashion model may look smashing quite without a gold necklace or bracelet. But gold's appeal as money is far more than philosophical; it is, of course, intrinsic. Full Story
This past week saw some great moves by gold and silver and their equities. Even some of the smaller stocks really woke up moving more than 30% in some cases. While this is still an exception the day is coming when the junior and exploration stocks will see moves like that on a regular basis. Until that time, accumulate. Full Story
By: Bob Chapman, The International Forecaster - 13 September, 2009
Almost all important, pertinent data reflects continued weakness in the economy, especially retail sales and unemployment. There are small signs of inflation in spite of bogus government figures. In the flight to quality we see stronger gold, silver and commodities despite heavy market manipulation by the government. Full Story
By: John Mauldin, Millennium Wave Advisors - 13 September, 2009
Just as water is formed by the basic elements hydrogen and oxygen, deflation has its own fundamental components. Last week we started exploring those elements, and this week we continue. I feel that the most fundamental of decisions we face in building investment portfolios is correctly deciding whether we are faced with inflation or deflation in our future. Full Story
Some people think that one of the fundamental institutions of the 19th century should be restored; I will single out Great Britain as the great leader embracing this institution. This institution was the free minting of gold practiced by Great Britain in its heyday of growth, world economic and financial power. Full Story
This week was the anniversary of the Lehman bankruptcy and financial collapse of last autumn and it was curious to hear the financial pundits talking as though this problem is fully behind us. There were also some widely trumpeted figures about the success of the Chinese mega-stimulus (equivalent to 50 per cent of GDP in the first half) in sustaining GDP growth around eight per cent. Full Story
By: Bill Bonner, The Daily Reckoning - 13 September, 2009
Edward Gibbon described the happiest age of mankind as the period of the “five good emperors” between AD98 and AD180, when Marcus Aurelius died. What was America’s Golden Age? Full Story
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