The following is a summary of my Road to Roota articles with the links, summaries and my current thoughts about the articles. Through these articles I have tried to relay original thoughts, theories and concepts that had not been presented in the past. The passage of time has shown that many of the concepts were valid and some were shown not to be correct (especially related to timing!) but hopefully they sparked our gold/silver investor community to begin thinking for themselves about what is really happening out there. Full Story
By: The Gold Report and Mickey Fulp - 19 June, 2009
Well-known and highly regarded throughout the mining and exploration community, Mercenary Geologist Mickey Fulp returns to discuss the brightening prospects for the junior sector with The Gold Report readers. A Certified Professional Geologist, he is particularly intrigued these days by companies operating in “emerging environments” where the “geological potential is under-explored.” Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 19 June, 2009
Harry Browne, the former Libertarian Party candidate for president, used to say: “the government is great at breaking your leg, handing you a crutch, and saying ‘You see, without me you couldn't walk.'” That maxim is clearly illustrated by the financial industry regulatory reforms proposed this week by the Obama Administration. Full Story
The price of gold often bottoms in early July and then meanders along, slow but steady, and after Labor Day gold takes out the top that is set in the spring. This is based on 35 years of historical data. This year, due to the massive Federal budget deficits, the bottom could come sooner, and the rate of increase could very well exceed historical rates of increase. Full Story
Who needed gold when a clampdown on speculation collided with strong real returns paid to cash? And who doesn't need at least a little today...? Full Story
By: Daniel Aaronson and Lee Markowitz - 19 June, 2009
This week, Japan’s Government Pension Investment Fund (GPIF), the world’s largest public pension fund, announced that it may be forced to sell a portion of it Japanese government bond (JGB) holdings to satisfy cash requirements. This is a remarkable event because the GPIF had been the biggest buyer of JGBs. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 19 June, 2009
Silver has endured a rather tough June so far. After peaking just under $16 on the 2nd, this white precious metal plunged 12% to just over $14 by the 15th. This is certainly a significant decline for less than 2 weeks, so silver traders are anxiously wondering what it portends. Will silver languish in the summer doldrums again this year? Full Story
Many commodities trade via forward or futures contracts. A forward contract is is an agreement between two parties to buy or sell an asset at a specified point of time in the future. A futures contract is a standardized contract to buy or sell a specified commodity of standardized quality at a certain date in the future, at a market determined price (the futures price). Full Story
There can be no doubt that the global economy is undergoing a massive transformation and we have now entered an era of ‘Big Government’. After decades of excess credit and over-consumption, the developed world is finally being forced to deal with private-sector deleveraging. However, the governments seem to have other plans and they’ve decided to fight these deflationary forces tooth and nail. Their solution – even more credit and even more consumption! Full Story
We Precious Metals, Honest Money, and Honest Government Partisans have made significant Progress toward defeating The Cartel since Deepcaster published “Defeating The Cartel…with Profit” – I, just over two years ago. (See “Defeating the Cartel... With Profit”, 03/28/2008 in the ‘Articles by Deepcaster’ cache at www.deepcaster.com) But we still have a considerable way to go. Full Story
Welcome to The Opportunity Show. I’m Ellis Martin. Today we have an interesting interview from Vancouver, British Columbia, with our correspondent Nancy Massicotte and The Silver Guru, David Morgan. Full Story
I monitor statements by senior officials of the Federal Reserve System. There are supposedly "hawks" among the regional Federal Reserve banks – privately owned banks. These "hawks" oppose the "doves." The "doves" are always ready to inflate. The "hawks" are always ready to remind the "doves" that inflation may be a problem one of these days, but not yet. Then the "hawks" vote with the "doves" to expand the monetary base. Full Story
When something looks like a duck, walks like a duck and quacks like a duck; it must be a duck. Many of us relate that old saying to the situation we face today with the fall/collapse in real estate, commodities and the economy in the last two years in the sense of conspiracy by the Rothschild Cabal to cheat and defraud people at this time. The Cabal’s goal is world government; and the plan of the Cabal is that this coming world government will be in its hands. Full Story
By: Richard Daughty, The Mogambo Guru - 19 June, 2009
I gotta admit that I am confused by lots of things, like how come if my kids hate it here so much, why don’t they run away from home and save us all a lot of aggravation? And then there is my confusion over the Bloomberg.com report that “Brazil and Russia joined China this week in saying they would shift some $70 billion of reserves into multicurrency bonds issued by the International Monetary Fund.” Huh? Full Story
The U.S. may still be able to cajole China and Japan into buying our soon-to-be-worthless Treasury debt, but members of the so-called BRIC alliance -- Brazil, Russia, India and China -- have been easing toward the escape hatch. A subscriber of ours whose firm trades in far-flung global markets sent us the following dispatch -- a cautionary note for all who may have been unduly impressed by last week’s nominally successful Treasury auction. Full Story
By: Mike Niehuser, Beacon Rock Research and The Gold Report - 18 June, 2009
The recent 2009 World Resource Investment Conference was moved to the new Vancouver Convention Centre in Vancouver BC, constructed in advance of the 2010 Winter Olympics. The fresh venue for the conference did not seem to carry the enthusiasm equal to the new venue or previous conferences at the neighboring waterfront convention center. Full Story
China is directing their mountain of reserves away from acquired mining firms and toward managed hedge funds. This is a new direction for Beijing, clearly in response to the refusal by Rio Tinto to permit a $19 billion stake from the Chinese aluminum giant Chinalco. They were frustrated and angered by the other refusal with the failed Unocal dea in 2005. Clearly, whether stated openly or not, the Chinese are thwarted by USGovt and UKGovt hidden leaders from investing in strategic firms. Full Story
Extrapolating charts is notoriously difficult but in these charts we can clearly see the $707 low for gold last November and the more recent low point of $925 set this Monday. Could these be the bottom prices for gold? Full Story
When credit growth is positive, bull markets result. When credit growth is excessive, bubbles result. When credit growth slows, recessions result and when credit growth contracts, all hell breaks loose. Full Story
Gold has provided two excellent trades for us this year; both had less than 3% downside risk. With any luck we will have another trade soon. Gold has been forming a large reverse head and shoulder pattern since early March and currently trying to form the right shoulder. If this pattern completes and the price breaks the neck line at the $99 level we should see a nice rally towards the $120 - $130 level. Full Story
By: Richard Daughty, The Mogambo Guru - 18 June, 2009
I was kind of dozing, idly dreaming of playing golf, where if I wasn’t putting the ball right into the cup from 25 feet away, then I was chipping it in from 25 yards out, wowing the crowd with deft wedge action, whereupon my caddy, a beautiful girl in a bikini and stiletto heels, would say, “Oooh! Nice one! You are so good that it gets me hot! I am panting for you, my Hot Mogambo Golfing Stud (HMGS)!” Full Story
We waited in vain yesterday for the mood change that would have made the day even remotely interesting. Instead, the broad averages spent the day scratching little sores, so to speak, creating in the process a six-hour stretch of airless tedium for bulls and bears alike. Although we found relatively few trading opportunities worth sharing with subscribers, there were reasons to think it will be bears who come out ahead on the next move. Way ahead. Why so? Full Story
If you’re reading this report, you probably followed our earlier advice and have accumulated a nice-size crisis insurance policy in the form of physical gold. Now you need to decide what to do with that stash of Midas cash. It may have been born in a corner of your sock drawer, but perhaps now it’s stress-testing an attic rafter. Unlike gold ETFs and mining shares resting digitally in your brokerage account, physical gold brings with it questions of space and place: how and where to store it. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 17 June, 2009
This week, the BRIC countries (Brazil, Russia, India, and China) conspicuously gathered in Moscow for their first-ever economic summit. Although these countries are divided by culture and geography, they are united by healthy economic growth and their concern about unprecedented levels of U.S. debt and the safety of their respective reserves. Full Story
By: Bob Chapman, The International Forecaster - 17 June, 2009
The next major move in the stock market will be down. We are seeing the last vestiges of a rally similar to what we saw in 1931. The rally we expected at 6600 up to 8500 will end as soon as all the financial institutions that need to sell what stock is necessary to bolster their balance sheets. Our guess is the rally has been aided in a big way by short covering and the participation of the US government. Those who believe the SEC has stopped naked short selling are sadly mistaken. Full Story
TIME WAS that central banks targeted and fretted about keeping their currency stable against the Dollar. But as the Dollar-led inflation of 1950-1980 destroyed the value of bonds and savings worldwide – and then destroyed equities, as well as any sober hope of business and hiring plans – policy-makers tried to target instead the volume of cash flowing around their domestic economy. Full Story
Since 1990, the Real Interest Rate has been negative and continues to plummet. This negative rate of interest is causing the capital destruction we see in America today. The stock market and real estate booms and collapses are merely symptoms of this root cause. Full Story
“So how do I sell my restricted Canadian shares here in the States?” As Canada’s resource stocks begin to heat up again, customers lately are asking us questions like this more often. Many of these folks are quite comfortable with normal cross-border trading. But selling restricted stock is a specialized transaction with more moving parts than the average trade -- so they sometimes scratch their heads about how it works. If you’re curious too, here’s a brief overview of the process that should take you about four minutes to read. Full Story
There's time and there's price. If you believe, like I do, that a deflationary wipe-out must occur before further cancerous U.S. Dollar debasement (oops, I mean green shoots) can, then you should also believe that this cyclical bear market in general equities ain't gonna take much longer if history is a guide. Full Story
Russia is proposing the inclusion of the ruble, yuan and gold as a part of a revised basket of currencies to form the valuation of the IMF’s special drawing rights seen as the coming new alternative global reserve currency, reported AP. Full Story
By: Richard Daughty, The Mogambo Guru - 17 June, 2009
My latest sure-fire, money-maker idea is to sue Yu Yongding, former bigshot with the Chinese central bank, for plagiarism, as he is the guy who said that “If the US can find a way to protect China’s assets, America’s standing here will increase.” Full Story
Sometimes common sense comes from the most unexpected places. Consider this bearish take on the stock market from – better sit down for this – a Morgan Stanley strategist, Jason Todd: “Equity markets now implicitly need a V-shaped recovery to sustain further gains,” he told a reporter for the Wall Street Journal yesterday. Full Story
By: The Gold Report and Adrian Day - 16 June, 2009
Consistently urging investors to be patient and disciplined, practicing what he preaches has earned Adrian Day a sterling reputation and recognition as an authority in both global and resource investing. In the long term, he anticipates much more upside in gold juniors than seniors, and in the short term—specifically this summer—he looks forward to an "extremely good buying opportunity" among some of the juniors he follows. Full Story
In trying to explain the ongoing silver (and gold) manipulation, I normally rely upon a straight text approach, using words to convey my premise. Today, I’m going to alter that a bit and rely more on visual and audible tools. Thanks to Carl Loeb, I will present two graphs depicting the concentrated short position of the US banks in all commodities, as compiled by the CFTC. Also, thanks to Eric King of King World News, here’s a link you can click on to hear my interview on the topic Interview. Full Story
Russian President Medvedev suggests the dollar is on its way out; Russian Finance minister Kudrin says there is no substitute for the dollar. The Chinese see a need to diversify out of the dollar; the Japanese say their trust in the dollar is unshakable. Let’s look at this puzzle and make some sense of it. Full Story
Housing hasn't bottomed, bank failures are set to accelerate, international trade is falling off a cliff, unemployment continues its rise unabated, and earnings are dropping precipitously around the world (except for the Gold mining sector). Get out of the stock market unless you are short or a long-term Gold stock holder. Continue to hold physical Gold as an insurance policy, cash equivalent and hedge against a geopolitical crisis that dethrones the U.S. Dollar. Full Story
By: Steven Saville, Speculative Investor - 16 June, 2009
It is clear that a concerted effort is being made to replace the ruptured private-sector debt bubble with a government debt bubble, although the effort is generally not labeled as such. Moreover, the dramatic increase in government debt that we are seeing is really just a symptom of expanding government. In the case of the US, for example, GW Bush presided over a rapid expansion of government power and the trend has accelerated under Obama. Full Story
The divide between bull and bear camps is growing wider each day. There isn’t much middle ground. You’re either in it, waiting for a pullback, or waiting for the collapse. Despite the divide, the market shows considerable strength. And the big question remains, “Where are the markets headed from here?” Full Story
By: Richard Daughty, The Mogambo Guru - 16 June, 2009
The winner of the Mogambo Award For Most Imbecilic Statement Of The Month (MAFMISOTM) comes from a Financial Times article where we read that Tim Geithner, whom I ungraciously call (with a sneer and a voice dripping with a tone of Pure Mogambo Contempt (PMC)), the “rat-like Treasury Secretary of the United States,” tried to convince China that “the US would do what was necessary to bring its budget under control.” Hahahaha! Full Story
Unh hee-yah! Unh hee-yah! Unh hee-yah! Gold futures have been pumping iron for more than a year -- and so much the better for all of us if they weren’t up to demolishing the $1000 barrier a couple of weeks ago after getting as close as $992 per ounce. We should regard bullion’s tedious ups and downs over the last eighteen months as quiet preparation for an explosive show of strength. When it finally happens, detonation will be so powerful as to leave doubters in despair after they realize gold is trading $300 higher and they are not on board. Full Story
By: Bill Bonner, The Daily Reckoning - 15 June, 2009
And what about this time? The evidence we see tells us that the underlying economy is getting worse, not better. In addition to the figures cited above, there are the inflation rates. Inflation in America and Britain is coming down…to around 2%. In Europe it has already fallen into negative territory…with rates heading to minus 1%. Full Story
Right now, silver is in great position to do well over the short-term and long-term. It has all the attributes to perform in any type of economic environment. Whether we face deflation (and the inflationary money printing to offset it), inflation, or hyperinflation, silver (and therefore silver stocks) is set to go much higher. Full Story
The Federal Reserve is lying about the nation’s money supply (M1). The current figure for money supply is being given as $1.6 trillion. The actual number is $2.34 trillion. The reported number is equivalent to an increase of 16% over the past year. The actual number is equivalent to an increase of 70% over the past year. This compares with the nation’s high money supply increase of 16.9% in 1986. Full Story
As suspected last week, mutual and hedge fund managers could not resist the temptation to push stocks higher in month end window dressing given the opportunity, so they did. And I wouldn’t doubt for a minute the bureaucracy’s price managers were told to make stocks look good at week’s end because of Geithnier’s trip to China, where he is on his first official US paper selling junket. There’s really no other explanation for why stocks mysteriously surged at the close on Friday due to futures buying. Full Story
After having rallied in May, the whole precious metals sector entered a corrective phase, which began two weeks ago. Currently many factors suggest that the end of this correction is near. The coming bottom is likely to provide a favorable buying opportunity for long-term investors with the "buy more on the dips" approach. Short-term traders are advised to consider preparing themselves for opening long positions and closing remaining short ones in the coming days. Full Story
Lately I have received many inquiries about whether the physical gold or silver people think they own and have stored with third parties is safe. Many have asked me to comb through various prospectuses or user agreements and give my opinion. Full Story
Most of the public is still unaware of that the gold price is currently suppressed by governments and central banks in collusion with bullion dealers. Even fewer realize that suppression of the price of gold has plenty of historical precedence. The following is the story of the London Gold Pool. Full Story
We continued to see precious metals under pressure last week. The US dollar moved firmly higher on Friday which sent gold & silver plummeting lower. Oil continued to drift to new multi month highs while natural gas moved sideways. Full Story
Bailing out the economy and the banking system has been such a brazenly corrupt, mendacious and, ultimately, doomed enterprise that one could almost forget for a moment how very clever the perpetrators are. If we needed proof that these guys are the slickest behind-the-scenes spin doctors around, consider the following two headlines that ran on successive days atop the Wall Street Journal’s front page. Full Story
By: Bob Chapman, The International Forecaster - 14 June, 2009
The big question is how long can the dollar last as the world’s reserve currency? Needless to say, that is not an easy question to answer. We recently called the top on the dollar at 89.50 on the USDX. The USDX is six currencies versus the dollar on a weighted basis. More than a year ago the dollar hit a low on the USDX at 71.18. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 14 June, 2009
The Gold Report newsletter today interviewed Sprott Asset Management's chief investment strategist, John Embry, who remarked that he expects gold to reach $1,500 by the end of the year as hyperinflation begins. But amid the consternation about the gold that may be missing from the Royal Canadian Mint, the interview may be most worthwhile for Embry's reminder about the fundamentally dishonest structure of what passes for the international gold market. Full Story
The downbeat closing statement from the finance ministers of the G8 countries yesterday is a reminder that financial markets have gotten rather ahead of reality in terms of pricing in a global recovery. Full Story
Those who predict price inflation believe that the money multiplier will turn upward again. They just don't know when. Those who predict price deflation believe that the money multiplier will not turn upward again. Indeed, it must fall much further. Prices are close to stable today. To get to significant decline – 5% or more per annum – the money multiplier must continue its downward path. I am in the inflationist camp. But until I see a sustained reversal of the money multiplier, I will continue to predict relatively stable consumer prices. Full Story
Discover Magazine runs a monthly back-page feature called "20 Things You Didn't Know About..." that usually lives up to its title. In a recent issue the subject was money, and some of the factoids are worth noting. See 6, 7, and 8. Full Story
The traditional teaching is that rising bond yields indicate economic recovery and/or inflation. This is true until it isn't. The problem is that the best parallel for when it ain't true is what's happening right now. Damn, this investing stuff gets complicated when you look through actual history. Full Story
By: Richard Daughty, The Mogambo Guru - 14 June, 2009
I keep marveling at the Financial Times article talking about Angela Merkel, the German chancellor, breaking tradition and ridiculing central banks and their idiotic monetary policies. Full Story
There is a fixed amount of wealth in the world today, ie. Gold and silver. Paper money is not wealth and is the antithesis of this definition since it can be created without limit. It seems that China has been following this definition to a tee be exporting, and the US has been the largest ignorer of it by importing. We all know how much wealth China is accumulating and how much the US is losing. Full Story
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