With all the Chaos in Markets and Economies these days, Investors seeking Gain and Protection are well advised to focus on Realities rather than Main Stream Media and Official Fictions. Full Story
By: Peter Schiff, Euro Pacific Capital - 22 June, 2012
In this example, the savings of the wealthy and the innovation of entrepreneurs combined to create a huge benefit for society. Call it trickle down if you want, but it would be more honest to simply call it effective. This is the system that built this country. Relying on trickle up will surely destroy it. Full Story
Fact - as long as real interest rates are low gold is in a bull market, there are no plans to raise interest rates for at least 2 years, indeed the Fed is actively working to lower longer term rates, this should be on everyone’s radar screen. Is it on yours?
Don't let your family be one of the millions slowly being robbed by the US federal government's policies that are, among other things, eroding the value of its dollar. Start preparing yourself now, and you can not just survive what looks to be ahead – you and your family can thrive. And that, ultimately, is what investing is all about. Full Story
By: Lars Schall and Guido Preparata - 22 June, 2012
L.S.: One final question. You are calling for a radical monetary reform. Why so? And how does your model look like?
G.P.: Free associationism of free producers gathered in free communes, federated with one another in one extensive, brotherly and cooperative alliance, all over the world; and the means of payment to move it all: perishable money. Full Story
Meantime, the Russian central bank has again increased its gold reserves by 500,000 ounces. Former Russian finance minister Alexei Kudrin said that a full-blown economic and financial crisis in the euro zone is inevitable and will develop within a year. Full Story
While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F. China is contributing $43 billion, so as it races to become the world’s leading economic and financial nation it wants a bigger part of the decision making process, commensurate with its rising power. So the first question to be asked is, “Will it get it?” Full Story
In a key turnaround, gold bounced up from its December lows this month on fresh safe haven buying as QE3 possibilities came back to the table. The psychological $1600 level was quickly surpassed. This is essentially the level that will determine if 2012 ends up being the 12th consecutive up year for gold. For now, we are seeing some backing and filling, which isn’t a bad thing... as long as the December lows hold. This is currently a very important juncture for gold, and for silver. Full Story
June has been the month of major bottoms. Stocks and gold have already formed major yearly cycle lows. Now it's the CRB's turn to put in a major three year cycle bottom. This bottom will almost certainly form well above the 2009 low, establishing a pattern of higher lows and setting up for what I believe will be an extreme inflationary scenario over the next two years, culminating in a parabolic spike much higher than the one in 2008. Full Story
The market just opened and it is a disgusting display indeed with the gold sector doing exactly what yesterday's policy release and the charts above said it 'should' do. We have parameters for short term risk management and we have intermediate term plans, always subject to revision. It's the only way to go about markets that are so routinely managed as they are these days. Full Story
As the Great Recession drags on, albeit without official sanction, each and every silver cloud of economic news continues to harbor a dark lining. Most recently, amidst the mainstream media’s hubris over a supposedly stabilizing housing market, we read yesterday in the Denver Post that the region is bracing for yet another painful round of foreclosures. Full Story
So governments should add more debt of course, creating more jobs by borrowing more of the savings glut to finance new spending and get everything spinning again. Yet already the savers are spooked. Full Story
Despite what the Main Stream Media (MSM) or “Financial Pundits” tell you, the gold bull market is far from over. In fact, it is just starting, in our opinion. While the misdirected financial world tell you that gold is in a bubble and it has burst, the central bankers and government organizations all know it is far from over. In fact, gold is moving towards the banking system and not away from it. We all know that many central banks are now net buyers of gold and their holdings are increasing as their need to diversify away from risky assets and foreign bonds only grows. Full Story
By: The Gold Report and Eric Zurrin - 20 June, 2012
Mongolia, which is not on most investment menus, could soon become famous for much more than Ghengis Khan. Sandwiched between China and Russia, with a land area one-sixth that of the U.S., it has a population of less than three million, yet holds the potential for developing into a major minerals producer. Full Story
One of oil's most important characteristics is its fungibility, which means that a barrel of refined oil from Texas is equivalent to one from Saudi Arabia or Nigeria or anywhere else in the world. The global oil machine is built upon this premise – tankers take oil wherever it is needed, and one country pays almost the same as the next for this valuable commodity. Full Story
The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. Full Story
This article is really about potential energy. The coming gold stock mania is gathering essential potential ahead of the most exciting capital growth opportunity we may witness in our lifetimes. As if this was not valuable enough, it will occur as other assets continue to devalue. This is the role of gold for investors in a crisis. For the banks it may well assist them to regain confidence once it is completely lost. Full Story
Austerity versus Growth? Which economic model is sustainable? If it weren’t for those pesky bond vigilantes, it may be only politics. Let’s not get too excited that either path will work. Let’s look at the implications for investors with a focus on the U.S. dollar. Full Story
An election in today’s welfare-fiat world is somewhat like gangs of people pushing on a big sow in different directions, trying to get it to move their way. So who won the pushing contest Sunday in Greece? The media tells us it’s the conservatives, who will stay the course and keep the sow on an austerity diet once they form a new government. Full Story
In yesterday’s commentary, we cited the punk performance of Apple shares in recent weeks as evidence that the stock market as a whole may have entered a bear market. “Apple as a barometer? That’s a big stretch,” wrote a regular contributor to the Rick’s Picks forum. We disagree. Full Story
Taken from the Wikipedia synopsis of the Star Trek Original Series in the 60’s, the above encapsulates salient features (for our purposes) of an episode that was entitled ‘Journey To Babel’, where not surprisingly (considering Roddenberry’s incredible talent and intellect), a meaningful sophistry (manufactured parallel) can be drawn between it and today’s monetary system, it too on an undeclared and unavoidable suicide mission. Full Story
On the gold chart, the 14,7,7 series of the Stochastics indicator appears to be overbought. To view the current situation, please click here now. This important indicator has risen to current levels four times since gold reached a high of about $1923. In three of those situations, gold marched a lot higher before starting a new decline. Also, these types of technically overbought situations often occur at the point of major breakouts. Gold is chewing hard on resistance at $1630, which I’ve highlighted with a black line on that chart. Full Story
Mark Twain said that history doesn’t repeat itself but it rhymes. This is also true in the markets. No bull or bear market or particular event is ever the same. Yet, because there are similarities, the prudent analyst always studies history. When trying to foresee bottoms and tops we always compare current conditions (price action, sentiment, fundamentals) to past conditions. We continue to believe that the recent bottom in precious metals markets falls into a group of major bottoms that includes 2000-2001, 2005 and 2008. Full Story
By: The Gold Report and Quinton Hennigh - 19 June, 2012
Historically, major gold exploration has occurred when the Dow was down and out. In this exclusive interview with The Gold Report, geologist and Exploration Insights writer Quinton Hennigh talks about the coming gold rush and what that could mean for existing companies. Full Story
When there is a crisis of confidence in a currency then it is the precious metals that gain. Visit any city in Germany or Austria this summer and there is a gold shop in a prominent location. Full Story
I am dreading that it is now again time for me to make another of my stupid periodic reports to Zorggk The Exceedingly Great, who is the new Supreme Overlord of this barren outpost in this quadrant of the galaxy, and who isn't happy about it. I mean, if he is so exceedingly great, what is he doing way out here, out across the tracks, in this backwater, low-rent, low-IQ section of the universe? Full Story
Evidence continues to accumulate that the Mother of All Bear Rallies begun in March of 2009 may have breathed its last. Yesterday, for instance, the all-news-is-good-news shtick so beloved by Wall Street laid an egg when markets around the world shrugged following Greek voters’ decision to stick with the euro. Ordinarily, Asian and European markets wouldn’t even have waited to breathe a sigh of relief before putting a death-lock on the cahones of traders reckless enough to have gone home short over the weekend. Full Story
I think there are really only two good reasons for having a significant amount of money: To maintain a high standard of living and to ensure your personal freedom. There are other, lesser reasons, of course, including: to prove you can do it, to compensate for failings in other things, to impress others, to leave a legacy, to help perpetuate your genes, or maybe because you just can't think of something better to do with your time. Full Story
NFTRH has been managing what I believe could be a pivot to a coming intermediate bullish phase in the broad markets. For several weeks now my response to the Ticker Sense sentiment poll has been ‘Bullish’ http://is.gd/IX10GL. This has been largely due to markets’ [previous] proximity to important support, pervasively bearish sentiment, an over bought/over owned US dollar and the ‘Sitting Democrat’ election year cycle. Full Story
When it comes to precious metals prices, if discovery at the margin was a legitimate factor, the silver market would soon see much higher prices or it would at least reach a fairer equilibrium price that currently prevails. Full Story
While everyone else is focusing on the Greek elections, the REAL issues pertaining to the EU (namely where the funding for Spain’s bailout as well as future bailouts will come from) continues to be ignored. Indeed, no one seems to be asking THE key question regarding the EU: Just WHERE is the money for this bailout going to come from? Full Story
The acute global economic crisis today is the direct result of the continued wilful obstruction and overriding of the normal checks and balances that should operate within a capitalistic system of commerce. This interference has been perpretated by powerful banks and governments acting in collusion, for reasons of profit and power. At every instance in recent years when it looked like the economy was slipping into a necessary recession they have assumed a godlike role and stepped in to head it off. Full Story
We discussed Warren Buffett's illogical opinions about gold in our 15th February 2012 report under the heading "Buffett's Blind Spot". Today we are going to take a quick look at Buffett's personal war against gold from a different angle and arrive at conclusions that might surprise you. Full Story
We are on the cusp of world changing events. An urgent need for security and self sufficiency is growing as the old systems break down. The same urgent need drove Roman citizens into the feudal estates of the dark ages. During the decline of the Western Roman Empire, the ultra wealthy left the big cities and established vast rural estates outside of the laws of the Empire. Full Story
The following was written a day before Greece's election. Although the outcome seems unlikely to live up to its cliffhanger billing, it'll be interesting to see how U.S. markets react when index futures begin to trade Sunday evening. Our guess is that the institutional provocateurs who control the markets will use the outcome, whatever it be, to short-squeeze the bejeezus out of stocks. If they do, you should be ready to sell this last-gasp bear rally short. Full Story
We know that money is simply flying out of Greek banks. A number of them are clearly insolvent, yet they are meeting demands for withdrawals. Where is the cash coming from? The answer is in the form of yet another acronym from Europe, called the ELA. Is there a limit to this largesse? And politicians are becoming rather snarky (short-tempered, critical, testy, irritable, freaked-out – you fill in the word) with each other. This is what happens when crisis-weary politicians face yet another Greek tragedy, but this time perhaps it will hit even closer to home. Full Story
In times of inflation, deflation or financial insecurity this is the asset class to hold while all the others plunge in value. Don’t be fooled by the US dollar’s strength recently. Its denouement is yet to come and that is when you will really want to own precious metals. Full Story
By: The Gold Report and Mike Niehuser - 17 June, 2012
Mike Niehuser, founder of Beacon Rock Research, recently returned from Argentina where he toured a number of mines in the underexplored Santa Cruz area. In this exclusive interview with The Gold Report, he discusses the cloud of uncertainty hanging over mining after the Argentine government nationalized the oil company YPF and shares why although investors should tread carefully, the political situation creates opportunities for investors willing to do their homework. Full Story
We’ve supposedly got Greek elections coming up this weekend, or do we? Apparently the ballot box folks are thinking of striking and putting this gong show in high gear. All I do know for sure is that markets are waiting with baited breath for something, anything to happen over there. Full Story
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