The greatest hoax and fraud in history perpetrated by public serpents, crony capitalists and their central bank and bankster masters continues to fall to its demise. Ever since Breton Woods ii changed semi-sound money into iou’s and promises to pay, this inevitable moment has loomed large. As Ponzi finance fails, so do all the investments which underpin it. This is the greatest reversion in asset prices, mal-investments, to their real values -- reflecting their ability to produce wealth rather than the constant debasement of the currency in which they are denominated. Full Story
By: The Gold Report and Lawrence Roulston - 19 February, 2010
Resource companies that discover and develop deposits come with enormous upside potential, but after decades' worth of prospectors poking and prodding, drilling and digging all over the planet, lucrative finds prove few and far between. Full Story
By: Marin Katusa, Casey’s Energy Opportunities - 19 February, 2010
Why invest in a fund, a cluster of stocks, rather than the stocks themselves? The reasons are twofold. First, a fund provides cheaper diversification for those investors with smaller amounts of capital. Buying each component of a fund spreads out your risk in the same way, but you can rack up significant brokerage fees in the process. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 19 February, 2010
After surging 11.9% higher in just 7 trading days, the flagship HUI gold-stock index is starting to recapture traders’ attention. Right as this rally launched a couple weeks ago, I pointed out this sector’s exceedingly bullish technicals. Since then, I’ve been examining secondary indicators including volume to see if they corroborate the key primary ones. Full Story
The cliché that the present credit collapse is “the greatest financial crisis since 1929” is the understatement of the century. One measure of the crises is the ratio of gross private debt to nominal GDP. This ratio captures the idea how many years of current output it would take to retire outstanding debt. In these terms, the crisis is truly unprecedented. Full Story
Summing up, the precious metals market has moved higher, and it appears that it will need to take a small breather relatively soon. Gold, silver, and PM stocks are currently following the general stock market more closely than the follow the USD Index. This is a positive factor in the very-short-term (main stock indices are rising), but negative in the long run because the situation on the general stock market is still bearish from the long-term point of view. Full Story
Successful Investors must become Long-Term Position Traders, with their trading choices informed by the Interventionals, as well as the Fundamentals and Technicals. Moreover engaging in the Actions suggested above can help prevent The Cartel’s obtaining Superpower status, and aid in achieving wealth protection and profits as well. Full Story
By: Richard Daughty, The Mogambo Guru - 19 February, 2010
In short, the blockheads in Congress, the Federal Reserve, the majority of the laughably-incompetent university economics professors in the country, the morons of the President’s council of economic advisors, and all Democrats, all believe that “There is never a good time to rein in government spending according to Keynesian economists and the proponents of big government.” Full Story
Once the Cabal takes control of a nation’s money, it takes control of the nation. Like old man Mayer Amschel Rothschild said some 250 years ago—give him control of a nation’s money and he cared not who writes its laws. As we know, once the Rothschilds gain control of a nation’s money, it doesn’t matter what kind of a law and economic system the nation has—whether communist, socialist, capitalist, democratic, fascist, monarchist, or whatever. Full Story
By: Ira Epstein, The Linn Group - 18 February, 2010
The IMF announced yesterday that it was going to sell 191.3 tons of gold in both open and off-market transactions. This was not a total surprise announcement as the IMF has been fairly clear about its desire to rid itself of its gold holdings. Full Story
Tracking the numerous ongoing bullish factors for gold is quite a chore. There are, quite literally, so many compelling arguments for holding our favorite metal that I used to catalog them each month in our letter. The reason there are so many “reasons” is because gold is unlike any other asset. It... Full Story
By: Gary Dorsch, Editor, Global Money Trends - 18 February, 2010
Last year’s parabolic rallies in copper, gold, Brazilian and Russian stocks, and the Australian dollar, are running out of steam. Suddenly, there are eerie reminiscences of scarier days gone-by. Volatility has returned to the money markets, amid worries about a possible “double-dip” recession for the world economy, capital flight from European sovereign debt markets, monetary tightening in Australia, China, and India, and the President Obama’s backing for the “Volcker rule,” – which calls for a clamp-down on the speculative trading binges of the Wall Street Oligarchs. Full Story
The subprime debt issue of 2007 blossomed into a global credit crisis. Likewise, the Dubai sovereign debt issue will blossom into a global sovereign debt crisis in similar pathogenesis. The start and end points are located in the Untied States and Untied Kingdom. With the global climax come disruption, restructure, and chaos. Full Story
Tremors were heard across Europe and around the world last week. There was little mistaking the clear fracturing sounds of the European Monetary Union. Receiving less fanfare than the political hyperbole of EU solidarity, was surfacing evidence of serious fissures that exposed similar financial schemes which took the US to the financial abyss. Our research has identified eight fault lines now visible in the Euro experiment. Each is serious. As a combination they have the potential to be devastating. They are all now fully in play. Full Story
I think the euro is a lost cause. I think the rules governing fiscal policies are already broken. They no longer are taken seriously. Now it is the ECB's turn to break the rules. Why not? It lent commercial banks money at 1% so they could buy Greek and other PIIG debt. To stop now could bust the banks. The ECB is the agent of these banks. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 18 February, 2010
Below is the press release issued this evening by the International Monetary Fund announcing that it "shortly" will sell 191 tonnes of gold on general markets, unlike the 212 tonnes it claimed to sell last year directly to India, Sri Lanka, and Mauritius. While the gold price quickly fell $7 or so on the news, there are a few things to remember. Full Story
In the final few years of a declining Dow to Gold ratio headed for 2 and possibly less than one, things get dark in a social and economic sense. The late 1970s and early to mid 1930s were not the happiest of times. However, both eventually led to an economic spring once the excesses of the previous era were (partially?) wrung out of the system. This time will be no different in the long run. But the secular Gold bull market has a long ways to go from current levels. A long way. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 18 February, 2010
At a time when more and more offices are going paperless, governments in most of the developed world are doing the opposite. Finance ministers from Washington to London, Tokyo, Madrid, and, most pointedly, Athens, are attempting to paper over gaping financial chasms in the global economy by issuing ever greater quantities of currency and debt. But paper can only stretch so far. Full Story
Boy, for a group of policymakers at the nation's central bank who, in a best case scenario, are going to just sit on their hands for at least the rest of the year, there sure has been a lot of talk about an "exit strategy". Full Story
"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?" Full Story
By: Richard Daughty, The Mogambo Guru - 18 February, 2010
I got an email from Junior Mogambo Ranger (JMR) Steve, who writes about “a quickie from the show Pawn Stars”, which startled me into Instant Mogambo Alert (IMA) because I thought he said, “a quickie from the show Porn Stars”. Full Story
Which camp are you in, inflation or deflation? While Mr. Market labors under the pressures of both and the burgeoning weight of artificial stimuli, Clive Maund, a 30-year veteran of technical analysis, is positioning himself for gains either way. Full Story
ALTHOUGH hedge funds keep confusing the two, the Euro is not gold. It might just collapse, however, under the same pressures – and with the same "bang!" outside the markets – that killed the international Gold Standard eight decades ago. Full Story
By: Bob Chapman, The International Forecaster - 17 February, 2010
When the next census is over America will probably have 320 million people. The number of Americans 50 years ago was about 184 million. Our budget then was about $100 billion. Today it is supposed to be $3.8 trillion. We call that spending gone wild. Government control of the economy has become bigger and all consuming at what will prove to be an unsustainable pace. Full Story
By: Rick Ackerman and Douglas Mclagan - 17 February, 2010
The December 2009 COMEX Gold futures contract recently completed a rally that lifted its price by more than 75% in less than fourteen months' time. This is easily forgotten by gold bulls who spend too much time watching bullion bank sell-bots run rampant on trading screens, but it is a fact. Full Story
It was January 2007 when I first discovered the information released by the Federal Reserve Bank, Boston that changed my understanding of the gold & silver markets, the financial markets, the energy markets, the monetary system as well as the true essence of my county, the United States of America. My understanding of the way the world worked was blown to bits and replaced with a more unified theory on all things monetary... all things that lead us down The Road to Roota otherwise known as the Road to the Gold Standard. Full Story
Far from selling gold as some misunderstood from his comments at the World Economic Forum, George Soros has been buying gold as ArabianMoney suspected. In a filing with the US Securities and Exchange Commission, Soros Fund Management owned 6.2 million shares of SPDR Gold Trust, the popular GLD exchange traded fund. Full Story
Regardless of their expensive annual fees, frequent tracking errors, and the simple fact that you'll never be able to actually touch the gold or silver your ETF claims to hold, there are several more reasons ETFs should never be used by precious metals investors. An important rule change by COMEX, the American commodity exchange, allows ETF substitutes for precious metal delivery. Full Story
Gold, silver and the metals group are coming down from their January highs, on the eve of gold’s nine year bull market run. Considering the gold price has had nine consistent yearly gains, and it’s still above $1000 is a feat in itself. Gold’s bull market is solid, a new phase has begun and it’s currently declining in a sharp, yet normal downward correction. Full Story
By: David Galland, Managing Director, Casey Research - 16 February, 2010
Following a recent group email exchange with Louis James, the truly tireless editor of Casey’s International Speculator currently kicking rocks in Colombia, one of the non-Casey Research participants in the exchange commented, “You guys are doing it right. How many research shops have emails that start out with ‘Greetings from Medellin’?” Full Story
We are currently seeking a full time webmaster and server administrator to provide website support services. This will include server and database management, software maintenance along with site monitoring and development support. Full Story
By: Dr. Ron Paul, U.S. Congressman - 16 February, 2010
Last week we were reminded that ours is not the only country suffering from severe economic turmoil. The Greek government is the latest to come close to default on their massive public debt. Greece has insufficient funds in their treasury to make even the minimum payments that are now coming due. Full Story
Legitimate and honest rules and fairness in silver would free the price of silver. Nothing could be simpler; if the regulators do the right thing and enforce the intent of commodity law the silver manipulation will end. But what if the regulators and Gary Gensler don’t enforce the intent of law, then what? The simple answer is that it will not matter for anything except the timing. Full Story
So, what Goldman Sachs really brings to the table – as evidenced in the example above - is sophisticated financial products for HUGE fees or profits to Goldman Sachs, which cause their clients to undertake big financial risk which likely weaken [think tapeworm] their clients’ financial position over time. Full Story
Have you noticed the M’s have been contracting noticeably over the past month or so, with M1 now joining the party as well. I did not pose that last sentence as a question because I am telling you this is happening, and that it’s important, and until it stops equities will continue to fall. Here comes a question though. Why is it happening? Full Story
How can we tell if a market is about to go parabolic? Trendlines are one way. Another way is to look at the length of corrections. How long is it taking the market to correct? Are the corrections becoming shorter and shorter? Full Story
By: Steven Saville, Speculative Investor - 16 February, 2010
The following monthly chart compares the year-over-year (YOY) growth rates of True Money Supply (TMS - the blue line) and M2 (the red line). As at the end of January the TMS yearly rate of change was down a few percent from its high, but was still well into double digits and in the top quartile of its 10-year range. Full Story
Wall Street Journal columnist Thomas Frank is by far the most interesting part of that paper’s dull gray Op Ed page. Back in January he suggested that the world’s governments smack down those wing-nut gold bugs by selling all the gold in their central bank vaults — a plan that most gold bugs found hilarious, since they doubt that central banks have much gold left to sell. Full Story
The weekly action has been primarily to the up side but still we’ve gone no place. Since Dec gold has formed a downward sloping wedge pattern which usually breaks to the up side BUT the Penny Arcade Index is starting to give us a different warning. Full Story
Notice that, as short rates have dropped to virtually 0, long rates have remained steady at about 4½%. Notice also that bonds have been unable to advance for the past 5 years except for a brief panic in the autumn of 2008, and this advance was rapidly given back. What could be the reason for this? Bernanke has been easing to beat the band, but it is very hard for him to get long rates to follow short rates. Full Story
The gold price reached an all time high of $1226 on 3 December 2009. It has since retreated to $1044 on 5 Feb 2010. I believe this to be the bottom of this retreat, and you will understand why after reading the rest of this article. Full Story
China has only 1.6 per cent of its foreign currency reserves held in gold. But between 2003 and 2009 Chinese households bought almost 1,800 tonnes of the yellow metal, almost four times the purchases of the People’s Bank of China. Full Story
By: Rick Ackerman, Rick's Picks - 15 February, 2010
We wrote here the other day that once the bailouts and misguided stimulus attempts fail, the U.S. will have to start from the gound up to rebuild the economy. “But what mechanism can be used to bring back all the manufacturing jobs lost to China, Mexico, Taiwan over the last twenty years?” a reader asked in the forum. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and listener's questions. 2nd Hour: Gerald Celente, The Trends Research Institute James Turk, GoldMoney.com Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 February, 2010
We are so used to looking at gold rising when the $ falls that the concept of gold rising when the $ rises seems to break the rules. We have often commented that there is no rhyme or reason why the € and gold should move in step with each other. And yet they have driven mainly by COMEX speculators and traders for well over a year now. Just read most daily commentaries and you will see this link to an inverse path to the $ given as the main reason why gold moves. Full Story
By: Bob Chapman, The International Forecaster - 14 February, 2010
Under the guise of “protecting Americans” and choosing itself in so-called “national security,” the current Obama administration wants to be able to control the ability of people and organizations to access the Internet. Full Story
By: John Mauldin, Millennium Wave Advisors - 14 February, 2010
The news is somewhat "All Greece, All the Time," but most of the pieces miss the more critical elements, and in today's letter we will look at what I think those are, as well as at the important point that Greece is a precursor of a new era of sovereign risk. Plus, we glance at a few rather silly recent comments from economists. It will make for a very interesting discussion. Full Story
China sees a bubble ahead and is trying to avoid it – is that such a bad thing? Isn’t this what we expect Ben Bernanke and the Federal Reserve to do here at home – take clear and decisive action to drain off excess liquidity in the economy before inflation takes hold? Full Story
By: Sol Palha, Tactical Investor - 14 February, 2010
Oil recently mounted a strong short term rally and traded as high as 77 but pulled back just as fast. This inability to hold above 74 suggests that it is still in a consolidative/corrective phase; unless it trades above 74 on a weekly basis the odds favour a pull back to the 63-66 ranges. Full Story
The celebrated demographics forecaster Harry S. Dent Jr forecasts a stock market crash by the end of February in his New York Times Bestseller ‘The Great Depression Ahead: How to prosper in the debt crisis of 2010-12′. Full Story
By: Richard Daughty, The Mogambo Guru - 14 February, 2010
Information Clearing House Newsletter had the quote, “Believe those who are seeking the truth; doubt those who find it” by Andre Gide, which is generally true about most things, except in the case of economics, because the only true economic theory has already been found, and it is the Austrian school of economics... Full Story
As the world’s athletes gather in beautiful British Columbia for this Olympic Games they are all focused on but one thing, the Gold. As investors we should also be focused on the Gold at the moment. It is nearing the end of it’s wedge pattern and will be resolved to the upside within a the next two to three weeks most likely. As I always say buy gold on weakness. Full Story
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