By: The Gold Report and Doug Casey - 24 August, 2012
It is a deal with the devil: Governments churn out more and more cash for the promise of continued prosperity. But the day of reckoning is near, according to Doug Casey, chairman of Casey Research and an expert on crisis investing. As the epic battle between inflation and deflation continues on, Casey discusses his predictions for the new world market in this exclusive interview with The Gold Report. Full Story
SO WHEN Vespasian was proclaimed Emperor by the legions in Egypt in AD 69, he hurried to strike silver and gold coins at Antioch, Tacitus tells us. Two hundred years later, the "insane despot" Commodus would only believe that his friend Perennius was plotting to overthrow him when he was shown coins already bearing his former favorite's image. Full Story
With gold awakening from its usual summer slumber, traders are getting more excited about its prospects. Presumably this shifting sentiment will even grow to encompass futures traders, who’ve been incredibly bearish on the yellow metal for months now. While traders hold futures guys in high esteem, they are just as susceptible to groupthink as everyone else. They are actually a powerful contrary indicator for gold. Full Story
Fish are jumping and the cotton is high. Yes, it’s summertime and the living is (quantitatively) easy. At least that’s how it looks from the Federal Open Market Committee minutes for the July/August meeting that revealed support among some of the members for a new round of quantitative easing. With the release of the minutes Wednesday, gold went up and the U.S. dollar took a dive. Full Story
By: Kevin Brekke, Casey Research - 24 August, 2012
If you own any, it might seem that gold stocks have been underwater for a long time, and that the bull market is over. Yet, the chart below tells me that likely as not, those with the courage to buy when others panic will be the big winners in gold. Full Story
The investment world is filled with misleading “facts” and flashy “materials” that cause investors to lose money. If one blindly follows what the average investor thinks and does, they are likely to wind up being the “sucker” in the market. If, on the other hand, an investor digs a little deeper and attains a unique insight on the market or “edge”, then the probability of profitability increases dramatically. Full Story
Rarely do the Fundamentals, Technicals, Interventionals and Actual Share Values line up so Favorably as now, but only for a very few select Sectors. Why? Consider one of the Wise Old Timers of Market Forecasting – Richard Russell’s observation that these Markets are “as Difficult and Puzzling as any that I’ve ever had to wrestle with.” Full Story
After spending the better part of three months locked in a lateral range, gold finally broke out on Aug. 21 and went on to make a series of follow-through highs. December gold was quoted at $1,667 as of this writing, its highest level since early May. The move came as many investors assume the Fed is about to stimulate the economy. Full Story
Gold broke the major downward sloping trendline in the "Descending Triangle" pattern, see right hand side below. This does not turn gold from "Bearish to Bullish" in the weekly timeframe in my opinion. To me Gold is now "Neutral" on the weekly. Full Story
Are more frequent droughts, long heat waves and an increasing population going to continue to strain power generation in the future? Climate change, dropping surface water levels, an aging power transmission grid and power shortages should be on everyone’s radar screen. Are they on yours? Full Story
With all his scholarly study of the Great Depression, Prof. Bernanke is blind to several truly major factors that caused the Great Depression. His is a blindness that he shares with very many other economists of this day and age. Full Story
It has been a while since we had this nagging feeling that we’re witnessing something profound taking place before our eyes and the market doesn’t seem to grasp it yet. We are not talking about the smorgasbord of events effecting markets all over the globe that is receiving ample coverage elsewhere in the media. As readers might know, our particular interest is in the silver space, and that is where we see an elephant in the room that hasn’t made headlines yet. Full Story
There is almost no risk now that this is a false breakout, which could have led to a very quick collapse back down. There is always such risk at critical breakouts, and even though I didn't see much of a problem with this set-up, you can just never be 100% certain that the opposite energy won't come flooding in to tank a good-looking breakout move. Full Story
In this interview, Doug Casey outlines the difference between savings, investing, and speculation, justifies why he would rather risk 10% of his portfolio on speculating for big gains than 100% hoping for just 10% gains, and explains why, as safe as you might think it is, the money in your bank account may never be given back to you. Full Story
Maybe Iran wants a bomb. Maybe not. But blocking it out of the SWIFT system, in other words cutting it off from using the US dollar for its oil trades (among other things) because we suspect it does, simply meant that countries that still want to trade with Iran and which are not beholden to our political whim, have found ways of doing business without a dollar in sight. Full Story
On July 18th, 2012, the German government sold US$5.13 billion worth of 2-year bonds at an average yield of -0.06%. Please note the negative symbol in front of that yield number. What this means is that the German government was able to borrow money for less than nothing. When those specific bonds expire in two years’ time, the German government will pay back the original $5.13 billion minus 0.06%. Full Story
USUALLY I tend to focus on the reasons to buy gold rather than the timing. Timing is not my territory. But as we approach the anniversary of gold's all-time high, my thoughts turn to ebb and flow of the gold market. Full Story
It’s almost as if currencies are designed to confuse you. In fact, sometimes they even lie to you. Take the pound sterling for example; each 5, 10, 20 and 50 pound note assures you, the esteemed owner, the gracious right to redeem it for… 5, 10, 20 and 50 pounds respectively. Either there’s an awkward “I-give-it-to-you-so-that-you-can-give-it-back-to-me” manoeuvre involved here or somebody’s lying. Full Story
Gold surged to a 16-week high of $1,667 and silver passed $30 an ounce as speculation mounted about a new stimulus package from the Federal Reserve and the prospect of similar actions by all the global central banks this autumn. Full Story
Web-based crime is spinning out-of-control, presumably because it’s so hard to get caught and because there’s an unlimited supply of rubes who are easy to find. Here’s a test to determine whether you may be a rube yourself. Would you follow the instruction if this message popped up on your cell phone: “Click here to claim your $1000 gift coupon”? That’s what we thought. Of course you wouldn’t. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 22 August, 2012
In the face of growing fears of a renewed global plunge into economic depression and a climate of low apparent price inflation, investors might expect commodities and precious metals to be falling in price. Instead, gold continues to hover around a relatively high $1,640 an ounce and silver at $29. At the same time, central banks - including those of the ever more important China, Russia and India - continue aggressively to buy gold. Full Story
By: David Galland, Casey Research - 22 August, 2012
While it is almost impossible not to lose money along the way while investing in resource shares, it is equally true that once you have scraped your original investment off the table, it is impossible to lose money. Sure, you can give back your profits – but you can't lose money. All of which is, I think, worth reflecting on as you aim your next arrow. Full Story
By: The Gold Report and Lawrence Roulston - 22 August, 2012
In the topsy-turvy gold equities market, it can be difficult to spot junior mining firms capable of delivering a substantial pay-off. In this exclusive interview with The Gold Report, top market analyst and Resource Opportunities newsletter editor Lawrence Roulston discusses how to identify undervalued firms from Africa to British Columbia that have high-quality assets, access to development cash, solid management teams and bright futures. Full Story
The silver chart has formed a big pennant like that of the gold chart. What this indicates is that the silver price will likely make a massive move soon. Technically, this move can be up or down. Note that this update is from my premium service originally published on 6 August 2012. Full Story
Vice President Joe Biden was accused of racism when suggesting a Romney administration would “unchain banks” that in turn might put the black audience he was talking to back into “shackles.” The political uproar overshadows a reality that knows no racial boundaries: a person in debt is not a free person; a nation in debt is not a free nation. Does it mean those with large bank accounts are free? Not so fast… Full Story
Gold bugs are paying attention to the breakout in the gold and silver today. Could this be the breakout that propels the precious metals to new highs? Or is the bullish buying of the shiny metals a passing summer fling? Full Story
The gold bull market is alive and well as the summer doldrums come to a close and gold accumulation and trading starts to heat up going into the fall. As the gold bull market matures and it draws more attention from investors all around the world, it does open up the doors for fraud. By now we have heard many stories and accusations about manipulations by central planners, bullion banks, short-sellers and futures traders. Full Story
Looking for a cheap, low-risk way to play a $600 stock that can lurch and careen all over the place on any day? We’re talking about Apple, of course, and you needn’t fear the stock if you use puts and calls judiciously and follow some simple rules. Yesterday, for instance, Rick’s Picks suggested calendar-spreading some far-out-of-the-money puts to establish a moderately bearish position. Full Story
Silver seems set to perform well against the dollar, but it also appears to be ready to make gold look like a bit of a slug.Unlike most silver investors, I have no interest in selling silver for “dollars of profit”. I view silver primarily as a currency.Gold is the ultimate currency, and I think silver is best viewed as “gold’s little brother”.I sold silver for gold in the first quarter of 2011, and now it’s time for me to buy silver with gold. Full Story
By: Steve Saville, The Speculative Investor - 21 August, 2012
The answer to the above question is no, meaning that "Austrian Economics" makes no prediction about whether the future will be inflationary or deflationary. That's why some adherents to "Austrian" economic theory predict inflation while others predict deflation. An economic theory can give you an idea of what will happen if certain policies are implemented; it doesn't tell you what will happen regardless of policy choices. To explain what we mean we will zoom in on two famous quotes of Ludwig von Mises, the most important economist of the "Austrian" school. Full Story
The Dollar Index failed to hold the rising trendline support of the triangle on the near term 30 minute chart, see left hand side below. This trendline was identified early in this past weekend's update on the Dollar Index. Full Story
By: The Gold Report and David Sidders - 21 August, 2012
Investors do not need to travel the world to make money in gold mining stocks. Nevada has world-class geology, infrastructure and a mine-friendly legal system without the substantial risks of international resource development. In this exclusive Gold Report interview, David Sidders, founder of Xeitel Capital Management, discusses how to keep investments simple by staying close to home. Full Story
The two largest gold buyers in the world that largely drive the Love Trade, China and India, underwhelmed the metals market with their subdued demand for the yellow metal during the second quarter of this year. Full Story
Gold, silver and crude oil prices are closely related to the movement of the U.S. dollar. After a healthy consolidation, gold began to move up in August 2012. At the same time, deteriorating expectations for crop yields in the American Midwest moved corn and soybean prices to new highs. Higher food prices in late 2012 or early 2013 could have far reaching and geopolitically destabilizing effects likely to weigh on stocks, putting the shine back on precious metals. Full Story
As the Developed World’s Currency, Financial systems and economies move towards their ultimate denouement the next 4 months are JAMMED packed with prospective catastrophes. A number of canaries in the coalmines are singing loudly signaling their COMING demise as the grim reaper continues its march to them. This era in mankind’s evolution will be written about and studied for centuries into the future. Illusions fostered by GOVERNMENT-controlled schools, the main stream media and a global banking cartel are set to FALL. Full Story
Making money is first and foremost about backing the right people. Next, it's about timing. Casey Research readers have had great success by identifying, following, and backing up-and-coming stars. The best of the best in the business. In this video, Louis James from Casey Research introduces you to two innovators of tomorrow. Full Story
Ross Beaty lives in the same world we do – he reads the same papers and watches the same news. He hears the doom and gloom just like us. Yet he's still making fortune after fortune. It's not the news, it's his reaction to it that has made him super wealthy. There are lessons in that for all of us. Full Story
Gold has consistently made impulsive advances that were digested by multi-quarter corrections and eventually followed by a breakout and new impulsive advance. Following the last major breakout in late 2009, Gold enjoyed an extended impulsive advance that lasted two years. Previous impulsive advances lasted less than a year. Gold, having bottomed, remains well entrenched in another consolidation that is 12 months old. Full Story
Central bankers are modern day sorcerers using powerpoint slides. They garb themselves in academic respectability. They garb themselves in mathematical models and econometric estimations. They produce learned papers written in guarded academic language that they abandon when they use the power to print money. Powerpoint slides do not necessarily commune with truth. What powers do these sorcerers actually possess? The central bankers can print money and give credit to banks. They can distort economic activity. They can cause bubbles. They can burst bubbles, leading to recessions and depressions. But the FED cannot create real value. Full Story
In 1971, when the US cut the ties between money and gold, gold as money ceased to exist. Gold as power, however, continued. But because gold is power there is little real information on the connection between the two; and that information is often misleading as the powerful prefer secrecy and the true movements of gold are no exception. Full Story
Facebook shares took another hellacious dive last week when the lock-up period for insider selling ended on Thursday. Gluttonously coveted by investors in the months leading up to the IPO, the stock has become a pariah after falling 50% from its $38 offering price in May. Was it jinxed from the start, as some have suggested? Full Story
I often harp on the Dow to Gold ratio, as I think it is the easiest way to see the "bigger picture" secular trend of poorly performing common stock markets (i.e. paper) relative to the free market's real money (i.e. Gold). I have been not-so-patiently waiting for a turn in this ratio back to the advantage of the Gold bulls. Well, we have now gotten to the point where I feel comfortable arguing that this ratio now is likely to provide the best trade over the next 12 months. Full Story
$1,620 is still a key reference area in the near term, but the "triangle" pattern on the one hour chart (see left hand side below) inside the triangle pattern on the daily chart (see right hand side below) is what is most important to me at this time from my perspective. The triangles are showing a battle of increasing demand and steady supply. Full Story
There are many books on the market today about the coming collapse of the global dollar-based monetary system. Many of them purport to help the reader “profit” from the collapse(!) Others are filled (just like the blogosphere from which they often come) with dark, conspiratorial whispers, psychologizing of leaders in government and finance, and preposterous ideas about how people actually think and act. Full Story
This is an important year to vote. Of course there are many who have strong feelings about voting. Many say it is your right and “duty” to vote in elections. Doug Casey has said many times, “Don’t vote, it just encourages the bastards.” I have even heard that by voting you legitimize the politicians and that by reversal, withholding your vote delegitimizes the politicians. Full Story
"Any explanation is better than none." And the simpler, it seems, in the investment game, the better. "The markets went up because oil went down," we are told. Then the next day the opposite relationship occurs, and there is another reason for the movement of the markets. But we all intuitively know that things are far more complicated than that. As Nietzsche noted, dealing with the unknown can be disturbing, so we look for the simple explanation. Full Story
The U. S. government has promised more than it can deliver. There will come a point when it will have to renege. It will start at the top of the income brackets and work down. Politicians will seek to delay an across-the-board reduction of payments. But the magnitude of the unfunded liabilities is so vast that Congress will be trapped. It will default in stages, but it will default. Full Story
By: The Gold Report and Michael Fowler - 19 August, 2012
The lack of excitement haunting the precious metals and mining shares markets over the past year is expected to change in the next few months, according to Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd. In this exclusive interview with The Gold Report, he explains why he expects gold to finally break through the $2,000/ounce barrier in 2013 and how this should affect mining stocks. 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.
