By: Adam Hamilton, Zeal Intelligence - 24 January, 2014
Gold is bottoming, showing incredible resilience over the past 7 months. After suffering an epic plunge in last year’s second quarter, gold has held its ground ever since. This is despite still facing the same howling headwinds that forced that extraordinary selloff. Gold has found strong support and carved a massive double bottom. Thus 2013’s gold super-storm has passed, and a mighty new upleg is dawning. Full Story
From the long-term perspective, not much changed. The move that we saw on Thursday was significant on a daily basis (as you can see on the chart below), but from the long-term perspective, it didn’t cause significant changes. In fact, there were barely any changes to speak of. Yes, gold closed above the rising long-term support line, but the move above it was so insignificant from this perspective, that it’s not even clear if it really happened. Full Story
By: Nick Giambruno, Senior Editor, International Man - 24 January, 2014
You are technically a slave when 100% of the fruits of your labor is taxed or otherwise confiscated by force. So, at what percentage are you not a slave? When you consider the totality of the countless direct and indirect taxes on the local, state, and federal levels, as well as the pernicious effects of inflation, the hidden tax, many of us are at least halfway to 100%. Full Story
At the start of the year we asserted that the mining equities could lead the metals higher. Since then, the shares have roared higher while the metals have remained subdued. Gold has gained a bit but Silver has really struggled. Why are the stocks performing so well if the metals are not confirming? Full Story
By now, most observers have heard of precious metals price manipulation. As the issue creeps into the mainstream, more and more investors will come to understand it - along with its vast implications. Full Story
By December, the most recent month for which statistics are available, the US dollar Fiat Money Quantity (FMQ) had grown to $12.48 trillion. This is $5.05 trillion more than if it had grown in line with the established average monthly growth rate from 1960 to the month before the Lehman Crisis. By this measure of currency inflation, since August 2009 inflation is now 68% above trend. This is illustrated in Chart 1 below. Full Story
By: Steve St. Angelo, SRSrocco Report - 23 January, 2014
As the U.S. economic and financial system continue down the road of self-destruction, there is an increasing amount of evidence that suggests the day of reckoning is fast approaching. One such indicator is the amount of U.S. gold export scrap. At one point in time, the United States was exporting a great deal of gold scrap and waste, however it looks like its citizens are now.... tapped out. Full Story
For the first time since the end of World War II, the total US federal debt now equals 100% of the size the US economy. But while that is obviously a situation of great concern, it may not be the worst of the danger. Full Story
Are investors too bullish on the stock market’s prospects for 2014 and too bearish for gold’s? It would certainly seem that way based on the near unanimity of analyst consensus. Most institutional analysts have published bullish forecasts for equities in 2014 and a bearish, or at least cautionary, outlook for gold. The favorable forecast for stocks and bearish gold outlook is based on the assumption that deflation remains at bay for the coming year. Full Story
The following is the second of a five-part series on how gold performs during periods of deflation, chronic disinflation, runaway stagflation and hyperinflation. The second installment examines gold’s safe-haven role during a disinflationary breakdown like the one in 2007-2008. Full Story
Looking back on 2013, we have to conclude that it was one of the worst years for precious metals stocks in recent memory—despite all the reasons why it should have been a great one. Full Story
By: Bridgitte Anderson & Peter Spina, Cambridge House Live - 23 January, 2014
Peter Spina, the Founder and CEO of GoldSeek.com, chats with Cambridge House Live's Bridgitte Anderson about China's unstoppable march to the top of the global pecking order, where he believes gold is going price-wise, and what investors can expect in 2014. Full Story
By: Brian Sylvester of The Gold Report - 22 January, 2014
Eric Lemieux, a mining analyst with Laurentian Bank Securities in Québec, is a realist, which makes his optimistic outlook for miners in 2014 that much more compelling. Lemieux believes that with the wheat separated from the chaff over the past tumultuous year, the truly strong companies have emerged. But you may be surprised by his predictions for 2014. Lemieux makes some startling, but happy forecasts in this interview with The Gold Report. Full Story
Investors who want to know how the energy sector will be doing in the coming year are, in my opinion, asking the wrong question. There really is no such thing as "the energy sector," because the performance of the different resources—from oil and gas, to uranium, to coal, to renewables—can vary dramatically. Full Story
Since unbacked paper currency systems have always failed in the past, why have bankers and economists promoted an unbacked paper currency system since 1971? Full Story
History is often written to benefit certain groups over others. Indeed, you will often find the blame for some of the worst events in history placed on the wrong individuals or factors. Most Americans today continue to argue over liberal vs. conservative beliefs, unaware that the vast majority of economy ills plaguing the country originate in neither party but in the Federal Reserve, which has debased the US Dollar by over 95% in the 20th century alone. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 21 January, 2014
Dedicated readers of The Wall Street Journal have recently been offered many dire warnings about a clear and present danger that is stalking the global economy. They are not referring to a possible looming stock or real estate bubble (which you can find more on in my latest newsletter). Nor are they talking about other usual suspects such as global warming, peak oil, the Arab Spring, sovereign defaults, the breakup of the euro, Miley Cyrus, a nuclear Iran, or Obamacare. Instead they are warning about the horror that could result from falling prices, otherwise known as deflation. Get the kids into the basement Mom....they just marked down Cheerios! Full Story
Most junior gold and silver stocks have taken a horrific beating over the past few years, even while gold prices have remained relatively elevated. Bank analysts suggest that high mine costs are largely to blame for this sell-off. Recently, naked shorting seems to have diminished. Gold stocks have rallied very strongly over the past month, on enormous volume. Can the rally continue, and is it related to lower mining costs? In the short term, there’s no question that gold and gold stocks are technically overbought. Full Story
UBS sees platinum outperforming gold, pulled by higher economic growth in developed nations. In addition, the metal could see added upward pressure in the near term as Lonmin Plc and Impala Platinum Holdings, two of the world’s largest producers, will start to receive strike notices after a South African union called for yet another stoppage. Full Story
By: Steve Saville, The Speculative Investor - 21 January, 2014
The US monetary inflation rate continues its downward drift. As at the end of December the year-over-year (YOY) rate of growth in US True Money Supply (TMS) was 7.2%, its lowest level since November of 2008. Refer to the following chart for details. Last year's slowdown in US monetary inflation, from 11.4% at the beginning of the year to 7.2% at the end of the year, happened despite aggressive money-pumping by the Fed. That the rate of money-supply growth slowed materially in parallel with the Fed's aggressive monetisation program is partly because of money leaving the US. However, the main reason is illustrated by the chart displayed below. Full Story
By: Steve St. Angelo, SRSrocco Report - 21 January, 2014
The key to investing in silver is getting in before the big gains are made. Even though the price of silver is up substantially in the past decade, it has only kept in par with the rise of the cost of energy. In 2004 the price of a barrel of Brent crude was $38 and silver was $6.67. Today the price of silver is $20.50 and Brent crude trading at an average $110 for the past month. Full Story
Too often, when folks receive an increase in pay they will run out and buy more toys with the extra money instead of putting it to work for them. In extreme cases - where people receive a huge windfall - it's not uncommon to hear that they blew all of the money on things they didn't need. What's truly discouraging is that the interest on these huge windfalls are frequently more than enough to provide a lavish lifestyle without touching the principle. These are just a few of the lessons it's important to teach our children and grandchildren… read on to hear 8 others that are also very important. Full Story
First a review is in order. The April collapse in gold followed the Yen/$ cross and it continues to this day. Janet Yellen is not being truthful in her testimony when she stated. “I don’t think anybody has a very good model of what makes gold prices go up or down.” Janet Yellen November 14, 2013. Full Story
Professor Tom Fischer has written three papers[1][2][3] about gold backwardation and arbitrage. Across these three papers, he makes a case against the ideas of Professor Antal Fekete. I write this response solely on my own behalf. I do not speak on behalf of Fekete or his New Austrian school of Economics. I have two motivations for writing. First, I have written myself extensively about the gold basis and gold backwardation. Second, I have discussed my basis theory[4], and used it both to analyze market events (e.g. the crash of April 12 and 15, 2013)[5] and to make predictions, via the Monetary Metals Supply and Demand Report[6]. Additionally, I want to present a fuller treatment of certain topics. Full Story
By: The Gold Report and Ian Gordon - 21 January, 2014
As the Fed runs low on ammunition to further suppress the gold price, Ian Gordon, founder and chairman of the Longwave Group, is extremely bullish on gold. In this interview with The Gold Report, he recounts his history of the manipulation of the gold price and its implications for the global economy. He also expands on research showing that juniors are more effective and cost efficient at making discoveries. Full Story
For those familiar with Greek Tragedy, which is not difficult today if one just looks around, the concept of ‘parapeto’ should be well understood, as it’s central to plot. Parapeto, or peripeteia in English, happens to be the moment the hero realizes everything he knows, or has known, and for this reason would take such knowledge as ‘common sense’, is wrong. Generally we get to see this when the hero is brought to ruin or suffers extreme sorrow as a consequence of a tragic flaw, moral weakness, or inability to cope with unfavorable circumstances, often through no fault of their own. Full Story
Well, Wall Street bets on the gold price for 2014 are in, and the table below shows where they stand. It appears that as a group, the big banks are hedging their bets because they are not overly bearish or bullish. Goldman Sachs is the most bearish with their forecast of a US$1,050 gold price by the end of the year, which would represent a decline of -12.8%. Morgan Stanley is the most bullish with a forecast of $1,313, which would represent a rise of +9% on the year. Full Story
By: Rick Ackerman, Rick's Picks - 21 January, 2014
Will the 2013 holiday shopping season turn out to have been brick-and-mortar retail’s last stand in America? I’d say so, particularly if one considers Best Buy an accurate barometer of consumer trends. If they can’t turn things around, who can? I’ve tracked the sad decline of Best Buy for nearly two years, and even wrote a glowingly optimistic commentary when they took aggressive steps early in 2013 to radically revamp the way they did business. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 January, 2014
As we discussed in our last article, China has managed to acquire well over 2,000 tonnes of gold while the gold price has fallen from $1,650 to $1,180. This is a remarkable feat in itself. So the next logical question is, “How long can they keep on doing this without the gold price rising rapidly?” The short answer: As long as demand in the traditional markets is either lower or the same as supply. This has two aspects, first the potential for rising demand and second, the potential for falling supplies. Full Story
Last week the Junior Gold Miners (GDXJ) broke through resistance with big Volume on Monday which I outlined in a prior post here, and this is what is needed to get a market up off the floor. Now we are seeing follow through and continuation of this change in trend in the Daily timeframe. Friday GDXJ was up nearly 6% on huge Volume, which I highlighted in the Blue rectangle on the lower sub-graph of the Daily chart, left hand side below. Click on the chart to expand. The Bears are now on the run in the short term. Full Story
It’s always amazing to me how market sentiment can move from one extreme to the other taking the herd with it. Chartology is the study of charting and investor psychology which when you put to two together can give one an edge on where you are at any given point within a bear or bull market. Back in the first week December of 2012 the sentiment was very bullish for the precious metals sector especially the precious metals stocks. Gold and silver both had rebounded off of the bottom rails of their six point blue rectangles that had been building out since they both topped out in 2011. It’s easy to forget how bullish sentiment was back then after a year of falling prices in 2013. Full Story
What if you could carry and exchange gold in the exact same manner as you do with the dollar bills in your wallet? I've recently been introduced to a technology that's making this possible. In today's podcast, I speak with Adam Trexler, President of Valaurum, about this technology and the gold-infused notes it creates. Valaurum's mission is to democratize ownership of gold by converting it into a form affordable to anyone. Full Story
Gold prices hit a six-week high this week at $1,260 an ounce as data confirmed that Chinese demand was making up for the slack in investment demand from the West. Some claim China has been fixing the gold futures market to snap up the physical metal at low prices. Gold exports are banned from China so it will never leave the country again. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 20 January, 2014
Today's fuss about the German Bundesbank's repatriation over the last year of only 5 of the 300 tonnes of its gold that it planned to repatriate from the Federal Reserve Bank of New York should include a fuss about the Bundesbank's similarly pitiful repatriation of its gold vaulted at the Banque de France in Paris. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 20 January, 2014
Yes, the mining business is the most capital-intensive and thus almost entirely reliant for financing on the big investment banks that are the agents of the central banks in the gold price suppression scheme particularly and the commodity price suppression scheme generally. And of course the mining business is also the most vulnerable to government control through the award and revocation of mining licenses, the imposition of royalty requirements, and enforcement of environmental regulations. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 20 January, 2014
Other nonprofit groups are doing their new year's appeals and GATA, already inadequate in fundraising, would be still more negligent in not attempting one too, so here goes. While our exposure of surreptitious rigging of the gold market has produced some pretty good successes over the last year and has encouraged others to examine the subject the enemies of free markets and limited and accountable government have intensified their efforts too. Full Story
It's been my opinion for the last several weeks that gold formed an intermediate degree bottom on December 31. That being said I'm still a bit nervous that the sector could suffer another manipulation event (like the flash crash two weeks ago) so I haven't been willing to enter a firm long position just yet. However there are definite signs that this bear market is probably over. The large momentum divergences on the weekly charts are one. Full Story
There is literally nothing more stressful than one’s computer crashing; and amazingly, my six-month old HP may have done so while I was reading about baseball this morning, as I ate my Frosted Flakes. I’m writing from my laptop, but expect a long-weekend of computer hell ahead of me. Hopefully, I can get my computer back to normal within 24 hours, so I can tape a new audio blog. But if not, c’est la vie. In the meantime, please make sure to listen to my new podcast on the SGT report, which just published on Wednesday. Full Story
Seasoned and long term investors are familiar with the effects of price suppression. Very few traders can manage the complex positioning required to profit from egregious interference. And the consensus is that it will go on forever, because it has. This very consensus is perhaps the most bullish reason that it simply will not. Full Story
It’s All About the Earnings The Trouble with Earnings What Would Yellen Do? Forecast 2014: “Mark Twain!” Argentina, Vancouver, Edmonton, Regina, and Home Full Story
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