By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 January, 2012
The issues facing the developed world’s financial systems are ones of liquidity and solvency, among others. The assumptions of liquidity levels proved horribly incorrect! The request of the IMF to lift their resources from $380 billion to $980 billion and the currency swaps between the U.S. and Eurozone confirm that (these may still prove inadequate). Full Story
SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on Tuesday, January 31st. Full Story
Any perusal around the world these days features Southern Europe crippled, preparing for the inevitable Greek Govt Bond default. It features a crippled US housing market, a mockery of statistical accounting in the US Gross Domestic Product, the plight of the COMEX with established veterans clearing out desks (not trading), the extreme physical demand reported by the London Trader, and the indictment of the SLV iTrust Silver Fund tool used by the cartel. The survey does not look favorable toward stability. The banking, economic, and political leaders have not pursued reform and remedy in any remote sense. Their only tool left is hyper inflation. Full Story
In Presidential politics, when you get beyond the culture wars, wedge issues, religious right, taxing the rich, pro-choice, nuking the gays, the Tea Party Movement, and NIMBY, one election truth holds clear: A sitting President running for a second term has never lost an election when unemployment was low and the economy was good. Full Story
SECOND ONLY to Japan, the UK now wears the greatest debt burden of any major economy today – in total, more than 5 years' entire economic output. Full Story
By: Adam Hamilton, Zeal Intelligence - 20 January, 2012
Despite gold’s powerful secular bull over the past decade, gold stocks remain vexing to investors and speculators. Though this metal’s miners have yielded truly colossal bull-to-date gains, they failed to leverage the record-high gold prices seen in much of 2011. So naturally traders aren’t very enthusiastic about this sector at the moment. But they sure would be if they understood the gold-stock upleg cycles. Full Story
There are certain dogmas held sacrosanct by precious metals investors and one of them is that platinum is supposed to be more expensive than gold. That’s just the way it is. Quite a few eyebrows lifted and jaws dropped last fall when the yellow metals price overtook that of platinum. The historic switch took place on Sept. 2nd when Comex gold futures settled at $1,875.25 per troy ounce, just above platinum’s closing price of $1,873 per ounce. Full Story
One Primary Cause of the Bullish Outlook for Gold and Silver is indeed ongoing and prospective Massive QE. And we would note, a Massive semi-covert QE3 is already ongoing. But QE also boosts Food and Energy Prices which dampens Economic Growth and hurts the Middle Class (since July, 2010 wheat is up 84% and Sugar up 77% e.g.). This is not good for Equities-in-General. Full Story
By: The Energy Report and Edward Sterck - 20 January, 2012
Demand for uranium is expected to continue growing as China spearheads the conversion of new energy production from coal to nuclear. In this exclusive interview with The Energy Report, BMO Capital Markets Analyst Edward Sterck brings us up to date on how investors can best play this market. Full Story
Bernanke is facing what no Federal Reserve chairman has ever faced: public awareness of the Federal Reserve System. From late December 1913, when an almost deserted Senate voted for the Federal Reserve Act, until 2008, when the recession confirmed Ron Paul's warning in late 2007, there was almost no public awareness or even a vague understanding of the Federal Reserve System. The genie is now out of the bottle, where it had been corked since 1913. Ron Paul has uncorked it. Full Story
If anything gold and silver forecasters are probably too cautious about the outlook for 2012. This is not surprising after the volatility of 2011 which saw record highs for both metals but a collapse later in the year that left gold up 10 per cent and silver down around the same amount for the year. Full Story
The U.S. Federal Reserve Bank released its latest Beige Book on Wednesday, January 11th. In it, U.S. central bank officials included in the survey indicated that U.S. economic conditions in their respective regions seemed to have improved somewhat in December of 2011 compared with conditions observed the previous month. Full Story
By: Rick Ackerman, Rick's Picks - 20 January, 2012
We wrote the following column for the Sunday San Francisco Examiner a month before the dot-com bubble burst in March 2000. Overnight zillionaires were a dime a dozen back then because countless investors couldn’t wait to pay practically anything for the shares of unproven companies. Full Story
By: Marin Katusa, Casey Research - 19 January, 2012
To many walking the planet, fracking has a seriously bad reputation. Thanks to hyperbole and misinformation, fracking opponents have convinced a lot of people that the operators who drill and then hydraulically fracture underground rock layers thumb their noses at and even hate the environment. Full Story
IF YOU'VE BEEN paying attention, then you'll remember how gold can make financial crises fun. Gold bulls were so short of things to keep them awake at night, in fact, many will no doubt be grateful for the 20% plunge of late 2011. Y'know, just to keep their hand in. Full Story
Normally the title is a spam email from our national carrier Qantas but now it is all about our junior mining sector. I cannot blame speculators and those in the industry for their slow return in 2012 because let’s face it after a brilliant start 2011 will go down as a real bitch of a year. It was the first time our market had fallen two years in a row since 1981/1982 and with 15% of the broader index I would imagine even some quality speculative portfolios came off anywhere between 25-60%. Full Story
By: Rick Ackerman, Rick's Picks - 19 January, 2012
We’d almost lost track of Europe since the newspapers went mum on the subject in late December, after auction rates for Spanish and Italian debt receded sharply from the 7% threshold. That’s officially the danger zone, at least to the extent that the business pages usually headline the story, albeit on an inside page. Full Story
Some investors are frustrated and a few are worried that gold seems stuck in a rut. This stall in price has happened before, of course, but since 2001 it's always eventually powered to a new high. Unless one thinks the gold bull market is over, it's natural to wonder how long might we have to wait before seeing another new high. Full Story
By: The Gold Report and Rick Mills - 18 January, 2012
If you're among the many who consider investing in the junior resource sector nothing more than a crapshoot, look into Ahead of the Herd Publisher Rick Mills' steps to derisk the inherently risky business of investing in junior resource companies. In this exclusive interview with The Gold Report, Mills spells out the steps involved in the derisking process and discusses what features put a junior ahead of the herd. Full Story
By: Bob Chapman, The International Forecaster - 18 January, 2012
The experts are trying to tell us the system will be saved. If Greece defaults and leaves the euro it is the beginning of the end for the euro and perhaps the EU. Everyone is sitting on each others losses. As we explained years ago the world’s power elite have been on a fools errand for many years. Looting the world and controlling it wasn’t enough enslaving it was something they just had to do. As a result they are bringing their own system down with the hope of ultimate total control. The problem for them is that today too many people know what they are up too, worldwide, and in the end no matter what the outcome they will lose. Full Story
The kind of movement we’ve seen since silver has moved out of the triangle is normally associated with moves at the end of a big move. So, either that move was the end of silver’s big move, or it was just an unusually big beginning of a really big move, which suggests we will have an unusually big end of a big move (still to come). Again, I see no evidence to suggest that anything we’ve seen so far was the end of the silver bull market, so I am expecting the latter (i.e. a very powerful upleg yet to unfold). Full Story
With the Year of the Dragon around the corner, will the renminbi be unshackled? Will there be a surge in domestic consumption, or will a housing bust weigh on the economy, dragging down global economic growth? To understand how dynamics may play out in China, try to put yourself into the shoes of the proverbial Chinese consumer. Better yet, put yourself into hundreds of millions of such shoes… Full Story
By: Rick Ackerman, Rick's Picks - 18 January, 2012
Although the stock market is unlikely to grind to a complete halt, it seems to be experiencing what could be called nervous paralysis. Yesterday, for instance, achieving a modest rally target at 1316.75 that we’ve been using for the E-Mini S&P should have been a piece of cake. In fact, buyers were unable to push the futures above 1302.50 before retreating into the close. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 January, 2012
The growth of China’s presence in the global gold market has been phenomenal in the last dozen years. Prior to this century, HSBC sent a delegation from their London gold department to see the Chinese financial authorities and were rebuffed as ‘trying to sell gold to China’. Since then, the Chinese financial authorities switched on and set off with a purpose. Full Story
SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on Tuesday, January 31st. Get updated on the latest silver market news and connect with expert opinions on silver. Visit and interact with top performing publicly traded silver production and exploration companies at their virtual booths in a rich virtual environment, from the comfort of your home or office. Full Story
It is open season for wild monetary prognostications. More premature obituaries on the dollar have been posted on the Internet. For example, see Jim Willie’s The US Dollar Paper Tiger (Gold-Eagle, January 11) with epitaphs like "the U.S. dollar rising to the cemetery", or "dollar death dance". Or see another article, Jeff Nielsen’s entitled Maximum Fraud in U.S. Treasurys (Gold-Eagle, January 3). Full Story
Probably the most critical part of investing is forcing yourself to remain professional in your actions on the price grids. The nature of human emotion has not changed for thousands of years. It is highly unlikely that today marks the beginning of any change in the emotional status quo of the human race. Unfortunately, I believe that January 17, 2012 could be seen as a day that marked the beginning of a new “price chase” in the gold market. Full Story
What a decade! A rapidly urbanizing global population driven by tremendous growth in emerging markets has sent commodities on quite a run over the past 10 years. If you annualized the returns since 2002, you find that all 14 commodities are in positive territory. Full Story
Lately we’ve been writing about the precious metals stocks. In particular we believe the equities have made a multi year bottom and look ready for a solid 2012 and 2013. Part of the reason is the action in the metals (Gold & Silver) suggests an important bottom is in place and a rebound is underway. Based on our work, we anticipate a slow but gradual rebound in both metals. Full Story
It seems like most analysts, and gold bugs are now assuming that the reversal on December 29 marked the bottom of gold’s D-Wave decline. It's certainly possible that we saw a bottom two weeks ago but it's still too early to make that assumption. Gold, and most assets are about to be severely tested. How gold handles that test will be a big clue as to whether or not its correction is over. Full Story
When the ball dropped on New Year’s Eve, 2011 ended not with a bang, but with a soft ticking sound. Despite the fireworks and the merriment of joyous revelers ringing in the new year, a hidden clock continues its countdown. Tick, tick, tick. At the fateful hour, the bomb, buried deep under the global financial infrastructure will detonate, bringing down economies one after another. If you listen, you can hear the tick, tick ticking right now. Full Story
Whenever a market rallies hard based on hype and hope, the chance for a violent reversal increases dramatically. And given just how bad the fundamentals are for the US and Europe at this time, we could see a very sharp collapse in no time. Full Story
In the very long-term chart for silver, we begin by reemphasizing the importance of a recent development. Silver bottomed right at the very long-term cyclical turning point and prices have moved higher since. The lack of any additional declines has clearly confirmed that the bottom is in and greatly increases the odds of a rally from here. Full Story
Dan Brown popularized the Institute of Noetic Sciences (IONS) in the novel The Lost Symbol. IONS is in fact a real research organization. The mission of IONS includes the rather unique goal of supporting individual and collective transformation through consciousness research, with an end toward maximizing human potential. Granted, this is a rather lofty and somewhat subjective sounding agenda and you are likely skeptical of the application of research going on at IONS to the real world. Full Story
Recently, public interest in gold and silver and gold/silver mining stocks has been at multi-year lows. And that is a super bullish contrarian indicator. In fact, a glance at the Gold Miners Bullish Percent Index illustrates that sentiment to start the year was at a three-year low. Full Story
By: Steve Saville, The Speculative Investor - 17 January, 2012
There are similarities between the current situation in the US, the US of the 1930s and post-bubble Japan, but the monetary backdrop is very different in the US today than it was in the earlier post-bubble periods. The most obvious effect of the monetary difference is that the prices of most goods and services have continued to rise in the US since the bursting of the private-sector credit bubble in 2007. Full Story
This is the news of one failing major currency benefiting the exchange rate of another, along with the Treasury bonds it denominates. Deflation is not global hot money hysterically running from one intrinsically worthless currency to another any more than the 2005-2008 “death of the US dollar cult” represented hyperinflation. Full Story
By: The Gold Report and John Stephenson - 17 January, 2012
When it comes to picking gold mining names in the current market environment, John Stephenson, author and portfolio fund manager at First Asset Investment Management, believes that buying the "best of breed" is the way to go. In this exclusive interview with The Gold Report, he explains his reasoning in light of how the current global economic environment is affecting prospects for the metals markets and valuations of mining company stocks. Full Story
ArabianMoney publisher and editor Peter Cooper visits the gold souk in Sharjah looking for the best price for physical gold. Of course it was not possible to comment during the video shoot but the tiny mark-up on gold in the Sharjah souk probably makes it one of the cheapest places in the world to buy physical gold. Full Story
By: Rick Ackerman, Rick's Picks - 17 January, 2012
Fighting the Fed is one thing. But fighting a global monetary blowout? Forget it. The financial system is so glutted with virtual dollars these days that U.S. stocks would probably hold their ground even if nuclear war were to erupt. Although Friday’s news admittedly fell shy of that threshold, we might have expected a little more deference on Wall Street toward news that Standard & Poor’s had downgraded the credit of France and Austria. Full Story
The government raised the import duty on gold and silver exorbitantly to curb imports of precious metals translating thereby the huge outflow of dollars outside India. In a rare decision, the government raised the import duty to an ad velorem 2% from the existing Rs 300 per 10 grams while the same on silver was raised to 6% from the prevailing Rs 1500 a kg. Full Story
Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. GUESTS: Nick Barisheff Gerald Celente Full Story
So, 3.5 million ounces of silver production from the Lucky Friday will be held off the books of America's export balance sheet this year. Our silver consumption will continue at or above its current rate, so we'll have to import more silver, and print more paper dollars to pay for it – which just drives up the price of milk and gasoline for all of us and the 400-plus miners now on the bricks. Full Story
The current standoff in gold is approaching resolution and evidence is starting to pile up in favor of an upside breakout. We have been cautious on the PM sector for months starting with the September top which we shorted, resulting in massive profits in a matter of days, especially in silver, but there is always the danger of taking caution too far and getting caught on the wrong side of the trade. Full Story
Sector rotation has been the name of the game to start 2012 for the stock market. The lagging sectors from 2011, including the financials, homebuilders, industrials, and materials, have been the leading sectors to start the year. This is exactly what the market needed to start establishing a more healthy structure. The market did not have a chance of making a legitimate move to the upside in 2012 without seeing money rotate out of defensive sectors that led during 2011. The following are some of the bullish signs the market has been displaying since putting in an important low in early October last year: Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 16 January, 2012
Drawing on GATA board member Adrian Douglas' statistical study from August 2010 ("The Gold Market Isn't 'Fixed,' It's Rigged," http://www.gata.org/node/8918), Sam and Bob Kirtley of SK Options Trading in Wellington, New Zealand, yesterday mused at length once again about the likely success of a gold trading fund that exploited the peculiar behavior of the gold market -- rising when the sun sets on London and New York and falling when traders in those cities go back to work. Full Story
Last year was an eventful one for the gold market. The yellow metal was up 10 percent in 2011 for its 11th consecutive annual gain. But despite making an all-time high on Sept. 5 at $1,900/oz. gold finished the year down 18 percent from that high. Gold entered a bear market in late 2011 which was confirmed by gold’s closing below its historically significant 30-week moving average. This doesn’t happen very often which indicates the technical significance of the event. The last time gold violated its 30-week MA was in 2008 during the credit crisis and it hasn’t happened since then as you can see in the following chart. Full Story
One of the interesting things about being in Hong Kong is that I get to see the weekend edition of the Financial Times 12 hours early. And the headlines were not all that pleasant. As I promised last week, we will cast our eyes to Europe and ponder what is in store for Europe for the year and the next five years. And what do we read on page 2? The "ECB raps revisions to draft a fiscal pact." Seems they feel there are too many loopholes, which will make the document meaningless … somewhat like the treaty they have now. Full Story
By: Bob Chapman, The International Forecaster - 16 January, 2012
Europe continues to predominate the news. At a Monday meeting French President Nicolas Sarkozy won the backing of German Chancellor Angela Merkel on a tax on financial transactions. Britain says it won’t work unless it is applied worldwide. Britain is correct, but is the UK begging the point. Could Britain have wanted the tax from the beginning, as long as it was global? Of course they would, it is a method of taxing investors, for governments along with the IMF, UN and World Bank, which is what these people have been up to for years. We believe a game is being played here to tax financial transactions to fund anything the elitists’ want. We question the geniusness of England as an honest player. Full Story
Some ignorant and skittish commentators have been making outrageous claims about the gold "bubble" popping. But here at TDV Golden Trader, we are students of the Austrian Business Cycle Theory (ABCT) and have a deeper understanding of the real reason for the 10+ year bull market in gold - the radical devaluation of the worlds reserve currency - the pure fiat Federal Reserve Note (FRN). Full Story
The name of the bureaucratic game is survival. Bernanke is a survivor. He is not going to rock the boat. He is determined not to get blamed if the boat capsizes. He will take action – inflation – if the necessity arises. Then bond rates will rise. Then the bond traders will reassert themselves. But, for now, he has hanged them high. Full Story
By: The Gold Report and Christopher Welch - 16 January, 2012
Mining analysts at Ocean Equities spend more time at mining sites than at the natural resource brokerage's London headquarters. In fact, Christopher Welch, a mining analyst with Ocean Equities, has been crisscrossing the Atlantic for most of the last year, he tells The Gold Report in this exclusive interview. Recent trips to Africa have bolstered his conviction that mining plays in Africa are being overlooked, but it's not too late for investors to get in on the ground floor. Full Story
All in all we had a pretty good week with major US averages slowly breaking out higher and holding so far, but still we’re not seeing massive moves and a full scale bull market breakout. To me it seems we’re climbing a wall of worry here as so many remain bearish and are not yet on the long side. It remains to be seen if we’re in a bull or bear market at the moment but I think we should do pretty good in 2012 as it’s an election year and so many are betting the other way. Full Story
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