By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 December, 2012
In this part of the series on the subject of Confiscation, we look at the realities that you face in trying to avoid your gold being confiscated should a Confiscation Order be issued in your country. But first we ask the question, is there really a danger of gold being confiscated? We believe that there is. Full Story
As many people know, I'm a frequent traveler. This means I spend a lot of time standing in lines at airports, taxi stands, train stations, and so forth. My habit has been to use this time reading books, playing with lines of poetry, or simply thinking about whatever needs thinking about. If I believed in sin, the cardinal sin in my book would be to waste time; every squandered minute is a piece of my life I will never get back. Full Story
While the price of gold has languished in a trading range much of the year, leaving some investors scratching their heads, many have been buying – and in some cases, really loading up. It's a tad puzzling that gold hasn't broken into new highs, despite enough catalysts to move a herd of stubborn mules. But that's the hand we're dealt right now. We can't get up from the table until the game reaches its conclusion. Besides, I think the stall in prices is giving us one last window to buy before prices break permanently into higher levels for this cycle. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 21 December, 2012
While it may not be a surprise that the Republicans are preparing to yield on their vow to oppose tax hikes, it should raise investor concerns the world over that an upcoming budget agreement will likely involve a Congressional surrender of its authority to set the federal debt ceiling. In exchange for this, it appears that the Republicans have simply done nothing to halt, or even curb, the dangerous federal spending trajectories or the current drift towards greater state control of the economy. Full Story
Scarce and incorruptible, unlike common stock, gold has thus acted as a great hedge for stock market bulls, rising both with and despite the action in equities. But being rare and indestructible, gold has yet to find its true calling in the early 21st century we predict, squinting into the future just like ancient Mayans didn't. We think gold looks good insurance against that other all-rising bull market, the all-inflating credit bubble that is the 32-year non-stop bull market in US and other Western government bonds. Full Story
By: Adam Hamilton, Zeal Intelligence - 21 December, 2012
Silver has been selling off relentlessly since the Federal Reserve expanded its third quantitative-easing campaign last week. As that decision was highly inflationary, silver’s subsequent weakness has really vexed traders. But its counter-intuitive selloff had nothing to do with fundamentals. As the Fed’s past QE campaigns demonstrated abundantly, QE3 will eventually prove to be very bullish for silver’s fortunes. Full Story
The proposed forced Investment of Present and Prospective Retirees 401(K) Assets in U.S. Treasury Paper about which we earlier wrote, is now followed by yet another prospective attack on Retirees Security, and indeed on the Wealth Security of those who hold $US Denominated Assets. Full Story
The stock market has known all along that the fiscal cliff issue was going to be pushed out to the last minute. This is just how Washington works. Nothing is ever settled until everybody gets all of the pork needed to buy their vote. Full Story
By: The Gold Report and Rohit Savant - 21 December, 2012
Many gold analysts are forecasting much higher gold prices in 2013. In this interview with The Gold Report, Rohit Savant, senior commodity analyst at the CPM Group, says he believes all of the positive gold fundamentals, such as global turmoil, are already factored into the gold price. So, in 2013, he sees the trend being flat to down a bit. He also discusses what roles India, China and central banks play in the gold price. Full Story
Throughout this period there will be increasing panic and every down will elicit calls from the “main stream” that we are having a “crash”, “the top is in” and “it’s time to stand aside”. Then, as soon as it appears like it the ultimate crash is inevitable, the market will lift back to the top of the ellipse. It appears as if we may see this go on until then end of 2015 as on-going monetary money printing, fiscal "Kick the Can Down the Road" polices and "knee jerk" public policy keeps hope aliive. Full Story
This was a week of declines for precious metals, very strong ones, indeed. It seems that the main culprit was not the U.S. dollar, that should have actually helped the whole sector, as it declined heavily too, but the fears concerning the “fiscal cliff”, that we discussed some time ago, and the lack of any solutions from the government so far. We believe that as soon as the problem is solved, the whole sector will rally strongly. Full Story
At the end of July we wrote an article examining the relationship between gold stocks and general equities. We sought to understand the huge variance in performance between the two markets. Sometimes they trended higher together. Sometimes the gold stocks surged while conventional equities fell into a bear market. Both markets have endured bad bears at the same time. Is there any rhyme or reason to why such variation? Full Story
Today we're introducing the new Gold & Silver group on PeakProsperity.com. It's intended to be the best place on this site for readers to discuss all things precious metals-related. So if you own a little gold & silver, or are thinking about doing so, or are a full-fledged precious metals "bug", click here to get to the Group main page and then click the Join This Group button. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 20 December, 2012
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. And not one man in a million will detect the theft,” John Maynard Keynes wrote in 1920. Full Story
By: The Energy Report and Byron King - 20 December, 2012
Byron King, editor of the Outstanding Investments and Energy & Scarcity Investor newsletters, is expecting surprises in the energy sector in 2013. In this interview with The Energy Report, King discusses his forecasts for fracking's impact on oil and gas prices, a worldwide uranium shortage and a possible change in the economics of alternative energy sources. Full Story
Last week the US Federal Reserve surprised yet again by announcing QE 4: a program through which it would purchase $45 billion of US Treasuries every month. Between this program and the Fed’s QE 3 Program announced in September, the Fed will be monetizing $85 billion worth of assets every month ($40 billion worth of Treasuries and $45 billion worth of Mortgage Backed Securities) ad infinitum. Full Story
Goldman Sachs recently announced regarding gold, “We see growing downside risks.” Their (GS) forecast for 2014 is only $1,750 per ounce. With their history of lies and deception and their reputation as insiders who front run markets, this looks like a contrary indicator. Perhaps they are preparing to buy at lower prices. Full Story
A year-end poll of 49 analyst, trader and investor estimates by Bloomberg points to a 29 per cent rise in the price of silver next year after a 12 per cent gain in 2012, exactly double the rise in the gold price at the time of writing. Full Story
GoldSeek.com TV presents an exclusive interview with South Africa's top gold analyst, Julian Phillips (www.GoldForecaster.com). He discusses several topics with interviewer Jonathan Roth (www.GoldSeek.com), including:
- Will the Chinese Yuan replace the US Dollar as the world's reserve currency?
- Will gold continue to climb while paper currencies depreciate?
- Could gold be confiscated by national governments?
Taped on-location in Johannesburg, South Africa. Full Story
In 2007 when most investment analysts and economists were downplaying the developing credit market troubles, Bert warned investors that the probability was very high that the troubles would escalate into full-blown crisis and would produce a crash of historic proportions. He chronicled the developing credit crisis in the pages of his newsletter and also published a book in early 2012 entitled, The Coming China Crisis, which provided his insightful views on the emerging crisis in depth. Full Story
My good friend Rob recently paraphrased Warren Buffett as saying, “If he knew where he was going to live for the next decade, he’d buy a house with a long-term mortgage.” Buffett thought a mortgage was a good hedge against inflation, because the homeowner would pay off the mortgage with cheaper dollars down the road. Full Story
By: The Gold Report and Byron King - 19 December, 2012
Have you ever actually held gold in your hands? Byron King, editor of the Outstanding Investments and Energy & Scarcity Investor newsletters, suggests that you do. But becoming a smart investor shouldn't just be about physical gold, King says. Read on in this Gold Report interview as he encourages investors to use investments in gold mining juniors to increase their exposure to precious metals. Full Story
MARKETS are made of opinions, some better than others. There are always plenty of opinions about gold. And right now they're clearly making the market. Just not in the way you would think. "There are too many bulls, including me," warned hedge-fund and commodities legend Jim Rogers to CNBC overnight. He advises caution if you're buying gold on this drop. Unlike most everyone else. Full Story
From an historical context – it may be argued that global domination begins and ends – FIRST - with control of Europe. The unification of Europe, or global domination as a concept, is perhaps as old as war itself. Put simply, you cannot ‘rule the world’ unless you first ‘rule Europe’. History is littered with many examples of ‘would-be’ aggressors cum oppressors who have set their sights on European conquest. Full Story
In the financial markets, gold is usually ascribed to the commodities category. In this group of assets you will find your good old friend, silver, along with several others metals like platinum, palladium, copper etc. Apart from that, commodities encompass a broad range of other products in the like of corn, but also crude oil, gas, minerals and other. Such groups of assets are usually traded on commodity exchanges specialized in this kind of products, for instance on the Chicago Mercantile Exchange or the London Metal Exchange. Full Story
So what is wrong with gold? Nothing, yet. There is a lot wrong with peoples’ perceptions and in many cases, egos, because they choose to fight something that just does not care. Gold is correcting in the face of world wide QE because gold is correcting in the face of world wide QE. Whether it is the unwinding of the euro risk trade or indeed the evil cabal so well documented by the gold “community”, gold is correcting. Full Story
Today, the Fed is providing increasing amounts of liquidity at ever cheaper rates to central banks in the hopes of preventing another catastrophic credit crunch. But there is another reason the Fed has doubled its purchases of US debt and won’t set an upper limit on those purchases; and that reason indicates the US economy is in far more danger than Ben Bernanke and the Fed want anyone to know. Full Story
Last week, the Federal Reserve announced an expansion of its bond-buying program consisting in large scale purchases of long-term treasury securities. These purchases come in addition to the monthly $ 40 billion in mortgage-backed securities (MBS), the so called QE3, launched in September of this year. This means that now, monetary expansion will be equivalent to a total of $85 billion a month. Simply put, this is an unprecedented rate of currency creation for the FED. Full Story
By: Terry Coxon, Senior Economist - 18 December, 2012
Many of us see hair-curling rates of price inflation not too far down the road. Today inflation is hardly noticeable. But what's coming will be so painful and so disruptive that soaring prices will become the voting public's number-one complaint. How will the politicians respond? Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 December, 2012
There you sit with gold as a key investment. You did not want to trust the banks or gold ETF’s or the derivatives market with your gold investments, despite the prospect of short-term gains. You want your gold for financial security in the face of economic collapse, or to supplement your needs, if hard times destroyed your other security. To make sure you were secure, you registered your gold in your name. Full Story
The election of the new Prime Minister of Japan, Shinzo Abe, may be a “watershed” event. His powerful commitment to unlimited quantitative easing could fundamentally jumpstart the next leg of the gold bull market. You are looking at EWJ-nyse, an iShares ETF. It is a proxy for Japan’s key Nikkei index. Japanese stocks have been in a bear market for more than 20 years, but this chart suggests that Shinzo Abe’s policy changes should not be taken lightly. Full Story
There are two misconceptions about the silver market that are still held by many investors in the precious metals community. One is the notion that the world produces large annual silver surpluses and the other is the low cost of mining silver. Some have argued that the investors have been deceived by certain aspects of the silver industry to believe these two fabrications. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 18 December, 2012
Becoming today the first British monarch to attend a Cabinet meeting since George III in 1781, Queen Elizabeth remarked on her visit last week to the Bank of England's gold vault, which was greatly publicized in the United Kingdom. In a receiving line at 10 Downing St., addressing the chancellor of the exchequer, the UK treasury secretary, George Osborne, the queen said, "I saw all the gold bars. Regretably not all of them belong to us." Full Story
By: John Mauldin, Millennium Wave Advisors - 18 December, 2012
Possibly, the question I am asked the most is, “What do you think about gold?” While I have written brief bits about the yellow metal, I cannot remember the last time I devoted a full e-letter to the subject of gold. Longtime readers know that I am a steady buyer of gold, but to my mind that is different from being bullish on gold. In this week’s letter we will look at some recent research on gold and try to separate some of the myths surrounding gold from the rationale as to why you might want to own some of the “barbarous relic,” as Keynes called it. Full Story
While Treasuries are said to have no default risk as the Federal Reserve (Fed) can always print money to pay off the debt, hidden risks might be lurking. As oxymoronic as it may sound, the biggest risk to the economy and the U.S. dollar might be, well, economic growth! Let us explain. Full Story
Not all investors are flush with cash to put into the natural resource sector and frequently we are asked the question, “Dudley, how much do I need to get started”? Perhaps your $5,000 to $10,000 will not go far in buying the top companies on the NYSE or the Toronto Stock Exchange, but in the junior mining sector, you will be amazed what you can accomplish. You can actually buy thousands and thousands of shares. Full Story
Japan’s seventh prime minister in six years, Shinzo Abe has made it immediately clear that he wants a weaker yen and supports money printing to infinity. The markets have obliged by devaluing the yen by six per cent even before he assumed office, now perhaps they can really get going. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 17 December, 2012
Thanks to the government of India for acknowledging today that the great advantage of "gold-backed financial instruments" is not to their purchasers but rather to the government itself in its campaign to talk Indians out of their gold to reduce the country's current account deficit. Full Story
In attempting to capture the pulse of what is (or should be) at the heart (of increasing numbers) of questioning and concerned minds out there these days, I could not help but be struck by this essay entitled Anatomy Of The Endgame (thanks to the people at Zerohedge), so I thought I might make a few comments along this line of thinking as well. As you might know if reading my work for some time, this subject matter is definitely not new to my repertoire, where a good speculator is continuously attempting to picture the future. Full Story
In simple terms, Commissioner Chilton’s response to the reader confirms my worst fear – the reason the CFTC hasn’t moved against the silver manipulation is that they don’t understand it. Even though the agency publishes remarkably detailed and accurate data on concentration in their weekly COT reports, they apparently don’t comprehend what it is they are publishing. As a big believer in the premise that recognition of a problem is 50% of the ultimate solution; I also believe that if a problem is not recognized, it is unlikely to be remedied. I’ve always considered Chilton to be one of the “good guys” at the Commission, so it is quite disheartening to see him so misinterpret his own agency’s data. Full Story
Summing up, the mining stocks outlook continues to be positive for the medium term. The short term appears somewhat unclear as the next rally will likely be significant but exact timing of when it is to begin is difficult to estimate. Replying to the question from the title of this essay - both, but with emphasis on silver stocks and medium term in mind, while being prepared for possible short-term volatility. Full Story
Since Bretton Woods and the creation of post WWII Monetary structure, US obligations were considered risk free and its debt instruments rated as AAA. Global risk and spreads have traditionally been priced off this foundation. A crippled dollar and US debt worries has the potential to trigger a global credit melt down. The 2008 financial crisis with Bear Stearns and Lehman gave us just an inkling of the magnitude of the problem. Full Story
It is my view at SilverPriceAdvisor.com that the outlook for silver prices in 2013 is simply higher! I say “simply higher” because the trend for silver prices in 2013 will be higher as the year moves on. More importantly I say “simply” because the reasons that will drive silver prices up are very simple to understand. This article outlines a conclusion that I always thought might be the underlying reason for rising silver prices but hadn’t yet come to a final conclusion. Full Story
By: Richard Daughty, The Mogambo Guru - 17 December, 2012
Perhaps not surprisingly, my career is suddenly going nowhere since I retired and quit working completely. For example: Is the wife asking me to take the garbage out? "What do I look like," I ask incredulously, "some kind of janitor, or custodian, or maybe a professional garbage-taker-outer? Ha! Screw that! You got the wrong boy, babe! That's work, and I'm retired!" Full Story
Show Highlights: Guest Interviews. Headline news & the Market Weatherman Report. Host answers phone calls and email questions. Guests: Robert Prechter Elliott Wave International Dr. Stephen Leeb, Leeb Capital Management Full Story
The U.S. Federal Reserve bank announced this week the commencement of a new round of Treasury purchases to the tune of $45 billion a month to replace the expiring Operation Twist. This is in addition to the recently launched QE3 program that committed the Fed to buying $40 billion a month in mortgage-backed securities. The grand total of these central bank interventions amounts to some $1 trillion a year in government debt markets. Full Story
Okay, the Fed's recent decision to boost its monetary stimulus (a.k.a. "money printing," "quantitative easing," or simply "QE") by another $45 billion a month to a combined $85 billion per month demonstrates an almost complete departure from what a normal person might consider sensible. To borrow a phrase from Joel Salatin: Folks, this ain't normal. To this I will add ...and it will end badly. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 16 December, 2012
With his commentary this week Chris Martenson became the latest financial writer to earn his tinfoil hat. "Once upon a time," Martenson writes, perhaps with a weary glance at GATA, "it would have been considered in bad taste to suggest that the world was being centrally managed in secret by a smallish cabal of bankers whose actions served to either prop up the excessive spending habits of the very governments that conferred upon them the power to print money or to bolster the health and profits of the banks they mainly serve. That was then. Today you can just read about it in the Wall Street Journal." Full Story
There is currently a possible triangle pattern in play for Gold. We do not see the same pattern for Silver, but we can watch Gold for clues on which way it will breakout. We could see a breakout to the upside or downside. Gold is close to the lower trendline so a bearish breakout to the downside would be close. Gold must remain above 1685 for the bullish triangle pattern and 1672 for a possible larger correction. A break above 1715 and 1725 would suggest the breakout to the upside, but a move above 1755 would confirm it. Full Story
The precious metals had a flash in the pan move higher on Federal Reserve news this week but I wasn’t buying it, the charts simply weren’t looking great. And then we saw weakness set in as it should have. I’m still a long-term bull in terms of precious metals but they are still looking weak at the moment. Full Story
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