By: Richard J. Greene, Thunder Capital Management - 19 November, 2010
When Ronald Reagan became President of the United States some people were surprised that an actor could reach such a high level of government service. Do you think maybe it could work in reverse and that these two in government “service”, Ben Bernanke and Timothy Geithner, could make it in the acting business? They certainly have had some on the job training and I guess you could say their ongoing screen tests have passed with flying colors. Full Story
Currency wars have their victims, much like military wars. What differs is who the victims are and what the casualty rate is. In a military war, the casualties are usually under age 25. Even in a deadly campaign, most soldiers are not victims because they are in support capacities. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 19 November, 2010
Following gold’s sharp retreat over the past week or so, traders are wondering how low it will go. Is this metal in a pullback or a correction? The former is a minor and healthy mid-upleg event, a great buying opportunity. But a full-blown correction is a major upleg-ending selloff, meaning the worst is yet to come. Interestingly, today’s gold seasonals are one argument in favor of the milder pullback scenario. Full Story
Dundee Wealth Inc. Chief Economist Martin Murenbeeld is long on opinion and the gold market. "Gold bullion is in a long-term bull market. And that's going to go on for a number of years," he predicted during the recent Forbes & Manhattan Resource Summit in West Palm Beach, Fla. Analyst David Keating, Mackie Research Capital Corp. also participated in this Gold Report exclusive, giving candid views of the global gold markets and plenty of reasons to be a gold bull. Full Story
It’s no secret that the U.S. is borrowing too much, that China manipulates its currency and that Europe’s fiscal troubles are growing at the same time that “the luck of the Irish” is running out. There does not seem to be any international political will to cooperate to rectify any of these imbalances. Full Story
With the USFed’s second iteration of quantitative easing now underway, the currency battles are starting to heat up and so is the rhetoric. This week we take a look at the ongoing (and intensifying) currency wars, strategic assets, and why we are behind the proverbial eight ball. Full Story
It is becoming ever more widely recognized that the U.S. Dollar’s Status as the World’s Reserve Currency is in jeopardy. Moreover, long-term, the very existence of the U.S. Dollar is in question, as the recent comments by World Bank President Robert Zoellick indicate. Full Story
Lets face it, governments always try to ‘kick the can down the road’. Rather than deal with economic issues in the here and now, they prefer to postpone the pain. Unfortunately, in their attempt to avoid painful economic recessions, the policymakers sacrifice the purchasing power of their currencies and they end up creating even bigger troubles for the future. Full Story
The Dollar/Rand exchange rate is a very important rate for South African gold miners, as well as an important proxy for gold miners in general. Together with some other indicators, this ratio can tell us when gold miners are about to increase in real terms—that is, as compared to all other asset classes (including gold itself). When this happens, you really want to be in gold miners. Full Story
Can you visualize a possible scenario that could put a sudden end to the secular rise now underway in gold and silver? In a recent conference call with the research team of The Casey Report, we once again collectively tried to imagine what situation… what scheme… what government manipulation… might finally put a stake through the heart of gold. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 19 November, 2010
Given all that stress that the Federal Reserve's currency debasement program is laying on the global economy, last week's G-20 summit in South Korea should have been the monetary equivalent of a military degradation for the U.S. dollar. The greenback should have been slapped across the face, stripped of its medals, and cashiered from the ranks of respected currencies. Instead the dollar escaped unscathed, retaining its privileged status as the world's reserve. Full Story
According to the Rothschild plan to make money and rule the world, as described in Understanding Money and War XIV (at www.analysis-news.com), the Rothschild banking cabal will use its powers over nations to bring on periods of national prosperity and inflation and then alternating periodic periods of contraction, deflation and depression. Like the Rothschilds declared long ago—“We Cause Depressions.” Full Story
By: Richard Daughty, The Mogambo Guru - 19 November, 2010
To deliberately increase the suffering of the poor by making prices go up as a result of the Federal Reserve creating so much money is actually shameful, and it is the shame of all the yahoo huckster “economists” like the execrable Ben Bernanke of the Federal Reserve and the odious Paul Krugman of Princeton and who spreads his insane economic opinions through the fellow-traveler leftist New York Times, a newspaper whose obvious hypocrisy is a foul stench in my Sensitive Mogambo Nose (SMN). Full Story
By: Rick Ackerman, Rick's Picks - 19 November, 2010
Readers of these commentaries will already know that I don’t like to go too terribly far out on a limb when forecasting bullion’s next leap. I’ve always preferred to forecast long-term trends one predictable step at a time – a cautious but reliable way of seeing things that has attracted many like-minded subscribers over the years. There have been times when this approach contrasted sharply with my dire outlook for the economy. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 18 November, 2010
“Oh what a tangled web we weave when first we practice to deceive,” said Sir Walter Scott. The Republican Party enjoyed a major victory in the congressional midterm elections, winning back control of the House of Representatives and gaining seats in the Senate. Republican leaders are giving the Tea Party movement a lot of credit for their success, and one of its high profile leaders, Kentucky’s Senator-elect, Rand Paul declared, “We’ve come to take our government back.” Full Story
GDXJ made a key breakout in September and continued to soar into early November. The market soared above our target of $39 and reached $43. Now the market is in correction mode, having declined to $37 before bouncing yesterday. We see very strong support at $35 and $33 and anticipate a bottom in that range. Full Story
Last seen in full force in the inflationary early 1980s, bond vigilantes were shadowy figures who were said to have rebelled and swore to keep central banks and governments honest by raising long term interest rates whenever the authorities kept their own interest rates too low, or let budget deficits grow out of control. Full Story
A few years ago I did an appraisal for a client who was pledging his gold as collateral in a commercial real estate transaction. In the course of doing the appraisal, I was struck with the large gain in value. His original purchase in 2002 was in the seven figures when gold was still trading in the $300 range. His holdings had appreciated 50% after a roughly three-year holding period. (Since that appraisal, the value has risen another three times.) I asked his permission tell his story at our website as an example how gold can further one’s business plans. Full Story
Building on the spectacular early takeover of Underworld Resources by gold major Kinross this June, recent discoveries in the Yukon Territory have made this large region of frozen tundra the hottest area play in the junior resource sector today. Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 18 November, 2010
The World Gold Council’s (WGC) latest quarterly recap shows global gold demand is getting stronger despite rising gold prices. Gold rose 28 percent to record the highest average price for a quarter ever at $1,226.75 an ounce while gold demand jumped 12 percent on a year-over-year basis to 921.8 tons during the quarter. Full Story
By: Richard Daughty, The Mogambo Guru - 18 November, 2010
Alvaro Vargas Llosa is quoted in The Independent Institute’s newsletter, The Lighthouse, as saying that the new “$600 billion in 6 months” QE2 program (and $900 billion with re-investments) of the evil Federal Reserve is, “The biggest load of stinking monetary policy crap in the history of the United States, and we should all follow the lead of the Incredible Mogambo Guru (IMG) and buy gold, silver and oil in those few, rare moments... Full Story
By: Rick Ackerman and Steven George Fair - 18 November, 2010
When we talk about “honest money,” most of us have in mind a currency that can be freely exchanged for gold. In the essay below, Steven George Fair, a frequent contributor to the Rick’s Picks forum, explains why the choice of what we deem money is fraught with concerns about the very nature of liberty, and about our willingness to order our economic lives with money that has been imposed on us by feudal overlords. Full Story
The fear of the USA is (amongst others) that the rest of the world diagnoses that – in reality – the Dollar is (or shall be) not the king respectively the key-currency of the world – but solely a harebrained courtier & flatterer of the real king by the name of Gold. As soon as all those recognize that a sword dangles on a string above their dollar warehouses threatening to irrevocably annihilate its value, either the string automatically breaks immediately, or everyone fully loses the appetite not only to give someone a mouthful. Full Story
The biggest point of discussion over the past few days has been the relative strong performance of the US Dollar and its impact on precious metals. Precious metals continue to be negatively correlated with the USD Index, although to a lesser extent. Gold, silver and mining stocks have held much of their recent gains even as the dollar rallied. Full Story
It’s no wonder calls are now being heard in Congress for a change to the Federal Reserve’s dual mandate of low unemployment and price stability since the central bank continues to have a rather myopic view of the world, the most recent example being the defense of some $600+ billion in money printing as part of a second round of quantitative easing (now commonly referred to as QE2) as it relates to the 10+ percent plunge in the trade weighted U.S. dollar since the summer that has only recently reversed because the sovereign debt troubles in Europe are now looking even worse than the money printing in the U.S. Full Story
The continued bull market in the price of gold has been one of the staple discussions in the financial media for the better part of a decade. But, in that time, almost no consensus has emerged to explain the phenomenon. If you ask ten Wall Street pundits to explain the upward movement, you will most likely get nearly ten different answers. Full Story
By: David Coffin & Eric Coffin - 17 November, 2010
A brief Dollar rally began after the US elections and the official announcement of QEII by the US Fed. The two created a great trading week in currencies, but more so in commodities. QEII has become a lightning rod for policy concerns surrounding the greenback. Combine this with on-going concerns out of Euroland and expectation of continued strength for hard assets, which we expect to continue for a while yet. While obviously good for the metals space, a more cautious approach by those who were early in the metal price moves should still be the order of the day. Full Story
I gave this article the same title of a favourite Fleetwood Mac song of mine. I hope to make this article fit within the length of that great song so why don’t you join me for an emotion filled hit from the past as we go through this article together. First off. Why was Silver and Gold smashed yesterday? Full Story
Ben Bernanke is in trouble. Big trouble. Bigger trouble than any Federal Reserve Chairman has ever been in. There is a cartoon video all over the Web that discusses "quantitative easing." It is a riot. This is very, very bad for Bernanke. When the public starts laughing at a senior government bureaucrat, he is in trouble. Full Story
By: Dr. Ron Paul, U.S. Congressman - 17 November, 2010
A remarkable confluence of recent events has brought unprecedented but very welcome attention to both U.S. monetary policy and the global political economy in general. First, Federal Reserve Board Chairman Ben Bernanke recently announced that the Fed would embark upon another round of monetary easing by purchasing $600 billion worth of U.S. Treasury debt. This amounts to an admission that markets have run out of patience with our profligacy, and therefore our own central bank literally must serve as the buyer of last resort for Treasury debt. Full Story
By: Bob Chapman, The International Forecaster - 17 November, 2010
The overhanging problems we have just discussed lead us to the antidote. Those with foresight who understand the problems are headed for safety, a flight to quality. That historical investment venue includes gold, silver and commodities. Conservative analysts and economists are thinking in terms of $3,000 gold, and $100 silver and a CRB of 400. Why shouldn’t they? Official inflation since 1980 would reflect gold at $2,400. Real inflation based on 1980s formula would mean gold should be selling at $7,700 an ounce. That is quite a difference, but it is realistic and who knows how excessive the market might become. Full Story
As a public cartel, the Federal Reserve can count on the government to protect it from competition and to shield it from legal action. The purpose of a cartel is to create above-market rates of return for its members, in this case the largest commercial banks. Full Story
By: Richard Daughty, The Mogambo Guru - 17 November, 2010
If there are two things that you can count on, it is that you have got to be pretty quick to get the last piece of pizza before I snag it, and that I am never remiss in telling people that buying bonds at these insanely-low yields is the Exact Wrong Thing (EWT) to do. Full Story
By: Rick Ackerman, Rick's Picks - 17 November, 2010
In a perfect world, the Dow might have plummeted 500 points yesterday while gold and silver took flight like bats out of hell. Oh well. Sometimes you just have to take what you get. And what we got was a merely moderate selloff in the broad averages accompanied by commensurate weakness in bullion. Full Story
“I cannot overemphasize the critical importance of factoring the bond market into any analysis of the crisis now.” That was the sentence I started yesterday’s update with, and it’s probably the sentence I should start every update with, for the next six months! Full Story
If there were a truism to fit a broad cross-section of behaviors in our society today, the catchphrase ‘desperate men do desperate things’ fits well, for sure. This is because you can see it everywhere on an increasing basis as economies of all shapes and sizes disintegrate. And it spreads like a disease, reaching all quarters of our society(s), in one way or another, propagated at the core by greedy money-center bankers and their political oligarchs hopelessly attempting to prevent a collapse of the larger fiat currency economy, hegemony economics, and US Dollar ($) supremacy. Full Story
By: Steven Saville, Speculative Investor - 16 November, 2010
Regardless of what currency you use to purchase gold bullion, after you have made the purchase you own ounces of gold. You don't own ounces of US$-denominated gold or euro-denominated gold. Gold is gold. You can then choose to measure the performance of your gold in terms of dollars or euros or Yen or barrels of oil or bushels of wheat or the S&P500 Index or something else entirely. The choice is yours, and the choice won't alter the fact that what you own is a certain quantity of gold ounces. Full Story
When politicians and policy makers see an economic problem, especially one with the scale of the financial crisis today, they feel obliged to solve it. Unfortunately, the measures they’ve implemented have not worked so far. In fact, their policies have the opposite effect because it reinforces imbalances. The monetary stimulus is just whetted the appetites of consumers to purchase even more imports. Meanwhile, the second round of quantitative easing might only make it worse. Full Story
By: Nu Yu, Ph.D. with Lorimer Wilson - 16 November, 2010
Technical analyses suggest that the U.S. dollar index could well see resurgence in the short term with both gold and the various U.S. stock markets undergoing +5% corrections while the Chinese stock market rebounding from last week’s set-back on its way to record levels. Let me explain in detail: Full Story
By: Richard Daughty, The Mogambo Guru - 16 November, 2010
I was delighted by the humor of Su Wei, a Chinese climate-change negotiator at the international climate change conference, calling the United States “a pig preening before a mirror.” Hahaha! It’s funny because it’s true! Hahaha! Full Story
By: Rick Ackerman, Rick's Picks - 16 November, 2010
Time for a reality check in bullion – and in the dollar while we’re at it – since anxiety about the price action in both seems to be rampant these days. The latter, as represented by the NYBOT Dollar Index, exceeded a bullish trigger price of ours yesterday by 0.02 points, causing some gnashing of teeth in the Rick’s Picks chat room. Full Story
Since World Bank president Robert Zoellick put forth the idea for a new global currency that was influenced by the price of gold, the global media has pounced on his remarks, and completely misconstrued them to report that he was advocating for a ‘return to the gold standard’. Full Story
By: The Gold Report and Ian McAvity - 15 November, 2010
The Gold Report caught up with Deliberations on World Markets Writer Ian McAvity between sessions at the 36th New Orleans Investment Conference, held October 27–30. In fact, Ian was among the experts featured on the conference agenda, graphically updating his big-picture expectations for stocks, gold and the dollar. He continues here in that vein in this Gold Report exclusive. Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 15 November, 2010
For gold stocks, it’s a normal event to see a positive or negative move of 11 percent over just one month’s time. For emerging markets, it’s just over 7 percent. Understanding this volatility is essential to removing emotional reactions and making the best investment decisions. Full Story
Today I would like to continue my discussion of the (so-called) Great Depression as this is the giant lie which is behind most of the other economic lies which have deceived so many people and cost them so much money. Full Story
By: Jerry Western with Lorimer Wilson - 15 November, 2010
Silver has had quite a run the last couple months so it’s no surprise that it has gained much attention and interest from investors – even more so than gold. It is extremely volatile, however, and tends to rise or fall in spurts so I’d like to focus on its attributes as compared to gold, make a case for holding some, and discuss some ultimate price possibilities. Full Story
By: Rick Ackerman and Chuck Cohen - 15 November, 2010
Everything is in place for something extraordinary in the markets. Silver is one of the keys, since it is a primary beneficiary of QE2. Even a novice technician can see an exhaustion spike and reversal in the chart below. Plus, the sentiment in silver was recently at the highest level since March of 2008. Yipes! Meanwhile, the broad stock market is ripe for an incredible decline, most likely a mammoth panic. Be careful here. Full Story
Ouch! That was some decline on Friday, the worst single day decline since early Feb. The Feb decline ended the next day and gold took off for a $350 advance until this past week. Will it do the same again? 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: Dr. Stephen Leeb, Leeb Capital Management Dr. Roger Tutterow, Professor of Economics, Mercer University Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 November, 2010
Just as the Rentenmark anchored currency in a post-hyperinflation nation, gold can bring such an anchor to global money. It will be unpopular until it is sorely needed because of one or more major nation’s profligate behavior regarding their own currencies. This has already started as we can see in the G-20 nation meeting of this week. The cautionary note is that it worked because the nation was desperate having exhausted all other alternatives. Full Story
By: Bob Chapman, The International Forecaster - 14 November, 2010
Mr. Bernanke is trying to avoid the Japanese experience of the past 20 years. Underlying deflation is being offset again, as it has been for the past eight years, by creating more money and credit. The only one lose to our prediction of mid-May of $5 trillion over two years is Keynesian economist Paul Krugman. He said the Fed would need $6 trillion. The Republicans seized the House and all that has really been accomplished is gridlock, the end of stimulus and a cut of perhaps $100 billion in debt. Full Story
If you were not looking for an important potential market top in the 20-week cycle, that was anticipated to be running long, on November 8, as the market closed in on the S&P 500 target of 1228, you must not be familiar with the Long Wave Dynamics approach to market analysis. The Long Wave Dynamics (LWD) approach recognizes that Fibonacci forces exert powerful but trackable forces on market cycles in both price and time. Full Story
You still sometimes read articles by critics disparaging charting or Technical Analysis as it is more formally known. Sometimes the criticism emanates from fundamental analysts who have maybe tried it and baulked at the time and effort required to master it, and in ignorance take to deriding it. Usually the attacks go along the lines that "the past is no guide to the future" and "stocks move by random walk" etc - one guy wrote to me and told me that "fundamentals will always trump technicals". Full Story
In late September, there was a modest gathering of law enforcement officers, military personnel, and mental health professionals in the small western New York town of Hamburg. It was totally ignored by the mainstream media, with just a reporter from the Buffalo News on hand to record the proceedings. Lucky for us. Full Story
By: John Mauldin, Millennium Wave Advisors - 14 November, 2010
China's currency is rising ever so slowly against the dollar. But is that hurting China? We will look at a very interesting chart and some research. And then we'll gain some more insight into why the employment numbers seemed to surprise. I guess if you lower the bar, it's easier to jump over. I also deal with the pushback from last week's Outside the Box! And Ireland is on my radar. There is a lot to cover, so let's jump in. Full Story
By: Richard Daughty, The Mogambo Guru - 14 November, 2010
Sterilized money? What’s that? It sounds a lot like the end-days of my relationship with Susan, when she suddenly announced that, from now on, if I wanted to kiss her, I had to first sterilize my lips with boiling water. As you can probably guess, things went downhill pretty fast after the first few times! Parenthetically, looking back on it, it was not worth it. Full Story
There is no need to talk about the recent G20 meetings as absolutely nothing was accomplished whatsoever. Glad to see our taxpayer dollars working out so hard. Why don’t they just teleconference and call it austerity? Full Story
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