By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 October, 2011
So far in this series we’ve understood ourselves as investors, understood the investment climate in which we live, and what we expect in the future. We’ve also been made aware of the unseen dangers lying ahead for investors and realized that the days we live in push us to design out portfolio to withstand the dangers of bad times. Full Story
Are you watching your savings evaporate as the Federal Reserve keeps printing & devaluing our currency? Wonder how you can get out of paper money, T-Bills, and stocks before Hyperinflation confiscates your wealth? Come meet with other successful investors in a venue that is richly steeped in tradition and elegance, the Four Seasons in downtown Denver. Full Story
An excerpt of Doug’s musings on why “the problems we’re facing are 100% caused by the US government” – from the recent Casey/Sprott Summit When Money Dies. Full Story
The data above outlines an algorithmic, naked-shorting, shell-game which has been perpetrated on our Capital Markets in a co-ordinated fashion with the complicity of the CFTC, the U.S. Treasury, The Federal Reserve and quite possibly the S.E.C. as well. The object of this criminal exercise is/was to create a plausible path for bullion banks to reduce their systemic, serial gold and silver short positions while hopefully maintaining some illusion of “free markets”. Full Story
Over the past several years, the term ‘Great Depression’ has made a grand re-entry into the American mainstream and has as a consequence become perhaps one of the most misunderstood terms. We are told it was everything that it wasn’t and that it wasn’t everything that it was. Like many important historical events, there is a good bit of revisionist history at work with regards to those dark 12 years in American history when... Full Story
I realize that gold is rising strongly in pre-market this morning. But as long as it remains under the top (yellow dotted) channel line and roughly the 1700 area, it is technically vulnerable. So many stock markets - including my favored HUI Gold Bugs index - are at inflection points. It would probably pay to watch what happens in gold for signs of what may be coming for the rest of the asset spectrum with regard to whether or not the deflation event is finishing up as a mini event or has more kick left in it for potential maxi destruction. Full Story
By: Adam Hamilton, Zeal Intelligence - 21 October, 2011
Not even mighty gold escaped late September’s commodities massacre, so gold stocks never stood a chance. They were sucked into the violent maelstrom of commodities-stock selling, plunging sharply. And as usual when gold is weak, the gold stocks amplified its downside. The result is very cheap gold stocks today, great bargains. Relative to gold, they’ve been hammered back down near panic levels. Full Story
BCG Consulting says China is expected to become the world's second largest consumer market by 2015 and by 2020 China’s consumer consumption nation-wide will amount to 22 percent of total global consumption, behind only the U.S. at 35 percent. The expected transition from an investment led economy to a more consumer focused model will bring about continued growth. Full Story
November 2011 through April 2012 are especially Critical for the Markets and Economy, and thus for Portfolio Construction. The following is an Overview and Key Essential Guidelines for Portfolio Profit and Protection. Full Story
Speculation over the direction of the economy continues to take center stage. With the presidential election coming up in 2012, the economy will undoubtedly be the central issue on the campaign trail and will receive even more attention than it has up until now. Many analysts have made waves lately in forecasting a “double dip” recession, with at least a couple of high profile analysts claiming the recession has already arrived. Full Story
I’m glad you’re back with us for another GoldSeek.com Radio Gold Nugget segment. Today’s special guest, Bill Murphy, from GATA.org and Le Metropole Café. Full Story
Action yesterday across markets was bearish and set alarm bells ringing - in particular the action in the PM sector, where the Head-and-Shoulders bottom pattern that we have observed in PM sector stock indices appears to be aborting. If it does abort it will probably mean that the broad market will go into the tank, and that is precisely what we can expect to happen if Europe should fail. Full Story
Whenever gold prices rise or decline the headlines give a flavor-of-the-week reason—the dollar is up, the dollar is down, the eurozone is in trouble, it’s the latest jobs report, etc. There is no doubt that global economic conditions are inter-related and that a “butterfly flapping its wings” in one part of the world can effect gold prices. Full Story
At this point I think it's pretty clear the general stock market is now in the initial phase of a new bear market. It's trying to generate a bear market rally over the last three weeks, but so far it's been pretty weak. That doesn't bode well once the cyclical and secular bear trend resumes. Full Story
By: Rick Ackerman, Rick's Picks - 21 October, 2011
Eerie, isn’t it, watching the U.S. stock market dog-tail the headlines stirred up by Europe’s never-ending financial crisis. The mainstream media would have us believe that whatever U.S. stocks do on a given day can be attributed to the latest news concerning Greece. In fact, the world’s newsrooms are sinking deeper and deeper into hallucination, since nothing has occurred to alter Greece’s inevitable slide toward default. Full Story
Rupee has weakened to 50.18 against the US dollar as I prepare this report on the back of investor withdrawal from India and other emerging markets. Risk aversion is the norm after the European sovereign debt woes and their leader’s inability to get a quick solution to the bailout of Greece and other rogue eurozone nations. Full Story
It’s time to settle the debate regarding Europe’s banking system. I know that the mainstream media keeps talking about another round of bailouts or an expansion to the Emergency Financial Stability Facility (EFSF) as though these things matter. Full Story
By: Ira Epstein, The Linn Group - 20 October, 2011
I think this is going to be a disappointing weekend as it doesn’t appear that the EU and IMF are ready to announce details of a structure plan for EU sovereign debt issues. There doesn’t appear to be consensus between Germany and France on leveraging the EFSF or not. Therefore, I think the announcement will be that a plan is being worked on, but that the plan is not yet ready. Very disappointing, but there’s still a few days left for compromise before Sunday’s announcement. Full Story
Gold shares rebounded in line with other assets but the initial rebound has been met with more selling over the past few days. A retest of the recent lows is now inevitable. Just a few weeks ago, GDX staged an impressive intraday reversal. It gapped lower at the open and was down 7% at its lows before erasing most of its losses. GDX ultimately rallied from $51 to $58. Full Story
By: The Casey Report and Gary Johnson - 20 October, 2011
Gary Johnson is running for the Republican nomination for president. If you didn’t know that, you’re not alone. Precious few people do. He is the longest of long shots, with little money, a bare-bones grassroots organization and parsimonious media coverage, to say the least. He has had to fight through the indignity of being uninvited to most of the candidates’ debates. When polls are taken about voters’ choices, his name is often simply omitted from the list, lending him little chance to develop support momentum. Full Story
There is a common but mistaken belief that the children and grandchildren of older Americans will be the ones who will be paying for today's massive government deficits. In this article we will look at six different layers of the deficit and unfunded government promises and put them into personal, per household terms in order to get to the truth of the matter. This truth is that the deficits are far too large to be repaid by taxpayers decades from now, but will be instead effectively repaid through the destruction of retiree savings and retirement investment portfolios in the coming years. Full Story
Silver is still following the pattern of gold, around its 1980 high, with the exception that, its down-side action is “deeper” than that of gold. The depth (its fall to $26) of the pattern that started forming since it reached the 1980 high again, is deeper ($30 was the deepest that I expected) than what I had anticipated, based on gold’s pattern. However, this appears to have been just a flash crash (provided we do not go there again). Full Story
By: Jeff Berwick, The Dollar Vigilante - 20 October, 2011
I recently appeared on Max Keiser’s "On The Edge" program. Unbeknownst to the viewer, we were having major communication problems. Max only could hear a small portion of what I said and I, likewise. But, right at the very end of the interview the communications worked again… that’s when the interview finally got interesting. Max stated that we “need a referee” in the economy. I replied, “I disagree. We don’t need a referee, I’m an anarchist…” Full Story
If you want to follow the smart money you only have to look at the Most Popular Stories listing on Bloomberg each day. Right this moment Silver Bear Market Seen Ending on Europe Crisis: Commodities is number four. Articles on silver are as rare as the metal itself and just as popular with investors these days. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 19 October, 2011
With the Sword of Damocles hanging over the Euro currency by a thread, many speculators in the foreign exchange markets are flocking to the currency Down Under – the Australian dollar, attracted to its free wheeling and dealing, and its heightened volatility. The Aussie dollar offers much higher interest rates than other Asian currencies, such as the Hong Kong dollar and Japanese yen, whose exchange rates are essentially fixed by their governments though daily market intervention, making the Aussie a favorite target for carry traders. Full Story
IT'S NOW 100 years since Great Britain established its welfare state. Shortly after, and as the First World War kicked off, it abandoned the free exchange of bullion for notes under the classical Gold Standard. Full Story
By: The Gold Report and Marshall Auerback - 19 October, 2011
Marshall Auerback of Pinetree Capital believes investors get maximum valuation during periods of turbulence and fear. In this exclusive interview with The Gold Report, he explains why the economy is in better shape than it seems. Full Story
Are you watching your savings evaporate as the Federal Reserve keeps printing & devaluing our currency? Wonder how you can get out of paper money, T-Bills, and stocks before Hyperinflation confiscates your wealth? Come meet with other successful investors in a venue that is richly steeped in tradition and elegance, the Four Seasons in downtown Denver. Full Story
Occasionally we read in various columns of mainstream journalists that the Chinese have shot themselves in the foot when they (in violence of Friedmanite precepts) failed to revalue their currency upwards. The world will retaliate by imposing punitive tariffs, creating horrible unemployment in China and causing civil unrest. Full Story
With so many global dynamics playing out, and the world’s financial markets fixated on the political process (or lack thereof) in the Eurozone, driving market sentiment around the world, it may be a good time to take a deep breath, take a look back at where we’ve come from, and assess the likely implications going forward. Specifically, what are the implications for the U.S. dollar and currencies globally? Full Story
By: Bob Chapman, The International Forecaster - 19 October, 2011
It could then be that this is the top of the stock market, which is fundamentally very overpriced. The latest rallies are the result of statements by French President Sarkozy and German chancellor Mrs. Merkel that a financial solution is at hand for Europe. This announcement named the end of the month as the date for release of this information. Thus far there has been no further comment. This was the justification for a very strong rally. In the wings there are large short and put positions, which tell us that there is a body of speculators that believe the fundaments are not in place, nor was the recent rally justified. Full Story
By: The Energy Report and Steve Palmer - 19 October, 2011
Steve Palmer, chief executive of Toronto investment firm AlphaNorth Asset Management, scans the market for inefficiencies. And it pays off in the long term. While comparable market benchmarks are down as much as 46%, his small-cap fund has returned nearly 200% since its launch in 2007. In this exclusive interview with The Energy Report, Palmer explains why his long-term vision makes him a continued believer in oil and uranium. Full Story
By: David Coffin & Eric Coffin, HRA Advisories - 19 October, 2011
The rollercoaster ride continues as markets gyrate daily based on rumour and innuendo. This is going to continue until there is some sort of formal agreement between EU members, and palpable action by the core countries. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 October, 2011
After reading Part I of this series, you now have a clearer perspective of how you can prepare yourself for investing emotionally. The next stage is one that’s vital to getting off to the right start. It’s not enough for a friend or advisor to simply tell you where you will make the most money. This defeats the important step of understanding not only the investment climate you are in but the way that climate is going to affect your investment performance. Full Story
At the beginning of the year Brazil warned that the world is on course for a full-blown “trade war” as it stepped up its rhetoric against exchange rate manipulation. Also known as competitive devaluation, a currency war is a situation where countries compete against each other to achieve relatively low exchange rates for their own currency. Currency issues have certainly dominated economic news so far this year. Full Story
By: Marin Katusa, Casey Research - 18 October, 2011
In the last few weeks a slow slide in commodity prices – metals in particular – has turned into a full-scale nosedive. All through 2011 copper had remained essentially between US$4 and $4.50 a pound, but on September 11 it dropped below that range and didn’t really stop falling until October 4, when it bottomed at $3.05. Full Story
Chris believes that everything we know about the world today – including how the economy works and how we invest – is “due for a real, fundamental, earth-shaking kind of change.” The next 20 years, he says, will be completely unlike the last 20 years. Full Story
How many hours? In October of 2008, Bank of England Governor Merv King said that the financial system came within hours of shutting down. The Dow is trading at around 11,300 now. The marked to model financial system has been hit hard by the accelerating crisis in Europe. There is a debate about whether China has a hard landing, or a soft one. Meantime, America teeters on the edge of a new recession. The question at hand is clearly, “what is the Dow number that sees the financial system ‘hours away’ from closing down, now?” Full Story
With all of the money printing that is going on worldwide, it beats me why a number of analysts are predicting that the price of gold and silver is going to fall, after gold has just corrected by 19% and silver by 40%. Full Story
By: Steve Saville, The Speculative Investor - 18 October, 2011
Public opinion is against the Fed creating more money to support banks. This doesn't mean that if push came to shove the Fed would not create a lot more money with the aim of supporting the banks, although it does suggest that the Fed will have to tread carefully in the future lest it lose any semblance of independence*. Public opinion is not, however, against monetary inflation per se, and neither are most economists and financial-market pundits. Full Story
Misery loves company, and particularly the company, comfort and security of gold. Since the financial breakdown of 2008, the Misery Index -- unemployment and inflation added together -- has been in a steep upward trajectory, so has the demand for gold coins and bullion. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 18 October, 2011
Herman Cain has been gaining much traction with his 9-9-9 Plan, a bold proposal to replace our dysfunctional tax code with what could be a simpler, less invasive, and more economically stimulative alternative. While I don't agree with the full spectrum of Mr. Cain's policy choices, I applaud his courage on the tax front. Judging by his rising poll numbers, this appreciation is widely shared. However, the plan has deep flaws, the most glaring of which is its creation of a hidden payroll tax which represents a fourth "nine." This serious pitfall has been unmentioned by Mr. Cain and overlooked by those who have analyzed his plan. Full Story
By: Jeff Berwick, The Dollar Vigilante - 18 October, 2011
We are nearing the end of the grand experiment in nation-states, democracy and socialism. In case you hadn't noticed, it failed miserably. Hundreds of millions were killed in wars engendered by nation states and made possible by fiat currencies and countless more were impoverished by the central banks instituted by the state. Riots and protests around the globe from Rome, to Egypt to nearly every major city in the US now attest to that. Full Story
Reminiscent of the media's coverage of oil in the 2000-2008 period, gold has produced a multi-year stream of thoughtless op-eds and repetitive storytelling. If readers can recall how many times the bull market in oil was dubbed "over" leading up to the crisis of 2008, then gold has been in a "bubble" for at least as many years, if not longer. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 17 October, 2011
The evidence is mounting markets will get back to “normal”, the sovereign debt crisis be resolved and growth from China, India and Africa and other developing nations will continue – with or without the west. Full Story
There’s value in the market. That’s the message the market is sending through the recent strategic acquisitions in the energy and gold mining spaces. Last week it was announced that Sinopec, a large Chinese oil and gas company, is purchasing Canadian energy company Daylight Energy for $2.1 billion in cash. The deal was struck at a whopping 120 percent premium to Daylight’s share price prior to the announcement and a 43.6 percent premium over the 60-day weighted average price, according to Reuters. Full Story
By: The Gold Report and Steve Palmer - 17 October, 2011
Steve Palmer, founder and chief executive of the Toronto-based investment manager AlphaNorth Asset Management, prefers metals that have uses beyond sitting in a basement safe or gift-giving. In this exclusive interview with The Gold Report, Palmer explains why he is looking closely at hardworking base metals that could take off with increasing global demand and a market rally he is forecasting through the end of the year. Full Story
As many of you know who have read my work in the past, the dollar put in a major three year cycle low back in May. It has been my expectation all along that the rally out of that major bottom would coincide with another deflationary period and the next leg down in the stock secular bear market. So far this has been the case as stocks topped in May at the same time the dollar bottomed. Full Story
By: Dr. Ron Paul, U.S. Congressman - 17 October, 2011
Amid the din of economic nonsense being bandied about since the collapse of the housing bubble and the steep ramping up of our national debt, there has been the persistent refrain that Washington should be run more like a business. If only more business people were in charge to wield their business acumen, we would have this country in shape in no time. But is that a good solution? Full Story
Since hitting $1,900 an ounce through the beginning of October, gold has declined nearly 11 percent. Over the same timeframe, the NYSE Arca Gold Miners Index lost almost 13 percent. That’s a closer performance correlation than the roughly 3-to-1 gold equities to bullion ratio we’ve historically seen and could mean the miners are finally closing the gap. Full Story
News has come in that "Germany and France are spearheading a multi-trillion dollar “shock and awe” programme expected to be agreed next weekend and presented the following week at the G20 summit in Cannes. The international community may provide further support after the G20 agreed that the IMF should “consider new ways to provide on a case by case basis short-term liquidity to countries facing systemic shocks”. Full Story
The U.S. economy has continued to falter since the housing bubble burst. Virtually every part of the economy has worsened, and continues to do so. This is also true on a global scale. Whether discussing unemployment, housing, inflation, GDP, retail sales, etc., the picture is clear, we are still in a depression. Even though the economic picture is bleak, the stock markets have continued to go up in value during this period. Why is this happening? Full Story
Investors sent German government bonds higher, banking on a rate cut from the European Central Bank. Now just days after bullish bond sentiment reached its peak, investors have backed off, realizing that a rate cut might be less likely than once thought. Full Story
By: Rick Ackerman, Rick's Picks - 17 October, 2011
So lame is Europe’s latest attempt at spin control that Americans could view it as comic relief from our own worries about the U.S. economy’s accelerating death spiral. Creating a global diversion was doubtless a goal of the exercise, which featured Sarkozy and Merkel, president and chancellor, respectively, of France and Germany, posing for the photo-op unveiling of a scheme – sorry, no details at this time – to put Greece and the rest of the PIIGS on sound financial footing. 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. GUEST BIOS: Lindsey Williams, Energy Non-Crisis Peter Grandich, The Grandich Letter Full Story
By: Bob Chapman, The International Forecaster - 16 October, 2011
The big question is will Greece succumb to insolvency in November? Our answer is probably not. It should take 3 to 6 months but it is coming no matter how much money and credit is thrown at the problem. The markets on the short-term basis believe it is a coin toss. If the funds are not forthcoming you could see a 60-80 percent haircut on bond losses. If it is 3 to 6 months it will probably be 100%. Many in Europe believe the Merkel-Sarkozy team has a plan that will work, but as yet we do not know what that plan is. In spite of that the euro this past week rallied from $1.32 to $1.38 as the US dollar fell lower. Full Story
The beginning of the end of the Weimar Republic was some 89 years ago this week. There is a stream of opinion that the US is headed for the same type of end. How else can it be, given that we owe some $75-80 trillion dollars in the coming years, over 5 times current GDP and growing every year? Remember the good old days of about 5-6 years ago (if memory serves me correctly) when it was only $50 trillion? Full Story
By: Peter Grandich and Chris Waltzek - 16 October, 2011
Today’s featured guest has been a market commentator for 30 years. Peter Grandich correctly forecasted not only the ’87 market crash, but also the dot.com bust. Peter Grandich is a strong supporter of the gold and silver market and is editor of The Grandich Newsletter. Welcome, Peter. Full Story
The downgrading of US debt this summer didn’t have huge economic consequences, but the psychological ones were truly devastating for the national elites who have run this country for nearly a century. For a State that regards itself as infallible, it was a huge blow that market forces delivered against the government, and it is only one of thousands that have cut against the power elite in recent years. Full Story
The equity markets staged a rally on Monday, with a buying spree that was largely seen as a response to European fears. Quietly, the same investors who purchased corporate stock on the open markets moved out of other investments, primarily Fannie Mae and Freddie Mac securities. Full Story
We’re in the midst of an amazing run off the recent lows in the stock market. As tempting as it is to buy some of leaders now, I think it would be a grave mistake. Nothing goes straight up so we have to be patient and wait for the proper buy points. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
