Optimism is in the air at the Denver Gold Forum (the conference that assembles the world's leading precious metals miners and the global fund managers who invest in them), according to Encompass Fund Founders Malcolm Gissen and Marshall Berol. The Gold Report was on location at the Forum to get the scoop on their "cautiously optimistic" forecast for precious and base metals, as well as rare earths. Full Story
The issue is thus presented. Do investor-Citizens in Sovereign Nations around the World want the Economic, Political, and Personal Freedom of National Currencies linked to Gold – ‘Gold-Freedom’ we call it—or will they submit to Subservience to Unaccountable Global Mega-Bankers via a “Global Currency”? Full Story
We’re going to also take it a step further and add an externality to our analysis: reserves depletion. Peak oil has been talked about in many forums, including military think tanks, World Bank whitepapers, and countless other places. We’ll take a look at efficiency and how it is affected by the lack of internalization by energy producers and consumers. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 24 September, 2010
Gold’s typical autumn strength has been garnering a lot more interest than usual this year. Since its late-July seasonal low 8 weeks ago, this metal has rallied over 11%. But the limelight really didn’t start shifting to gold until last week, when it started achieving new all-time highs in nominal (not inflation-adjusted) terms. All this new gold attention is rekindling interest in the gold miners. Full Story
By: Michael "Woody" O’brien ChFC - 24 September, 2010
I have written several times for gold seek.com about the relationship of Gold and silver prices to other real things. Food, energy, homes, even 1st class stamps have a long term, floating, deflationary, price relationship to real money. However, Today I wish to point out a virtual relationship that "Metalica" (aka: gold) has to time. Full Story
It goes without saying that such conflicting views are extremely strange when you consider that all these highly experienced and successful people are reviewing the same economic data! Well, everyone is entitled to their opinion, but as far as we are concerned, deflation is an urban myth and the global economy will have to contend with very high inflation. Full Story
By: David Coffin & Eric Coffin - 24 September, 2010
The US unemployment numbers that came out on the day before last summer long weekend were less bad than expected. Or so the markets indicated until ISM manufacturing data in the afternoon cooled enthusiasm some. It had been good Australian and Chinese manufacturing data that turned market sentiment earlier in the week. Full Story
First, if you are a passionate and strong gold and silver money advocate in opposition to the Rothschild created Fed and the Fed’s fiat money system, you run the risk of being defined by the Rothschild Cabal and Rothschild run US establishment as politically incorrect and an enemy of the government. You can bank on it that both the feds and the ADL have or will have files on you. Full Story
By: Richard Daughty, The Mogambo Guru - 24 September, 2010
To prove that all my yelling, “Buy silver now, or you’re a moron!” has paid off, silver is getting a lot more press coverage lately, like the headline “Silver Hits ’80 Level; Gold Sets Fresh High,” which appeared on the front page of The Wall Street Journal’s “Money and Investing” section. Full Story
By: Rick Ackerman and Robert Moore - 24 September, 2010
There’s a good reason why bullion traders and investors have nicknamed the COMEX the CRIMEX. Read Robert Moore’s essay below to see why. Moore, a frequent contributor to the Rick’s Picks forum, says bullion bankers have leveraged the commodity exchange’s liberal rules to perpetrate a fraud that would land you or me in jail Full Story
Alaska is one of the most prospective and yet most underexplored areas in the world. There are good reasons for the neglect, most notably the long, cold winters and the lack of infrastructure. Whether the latter is a result of, or a cause of, there being few people in the state is an open question. Full Story
Japan has proved without confusion that 0% is a permanent stuck position. The United States will repeat the path, but with a vast mudslide. Japan has had the advantage of a strong industrial base, a sizeable trade surplus, and no war budget. Thus it has been capable of funding much of its own deficits. It does possess a big debt burden. But the US has $1 of new debt for every $1 in government revenue. Full Story
By: Ira Epstein, The Linn Group - 23 September, 2010
As the Dollar has been falling, gold has been rising. Gold also has a future inflation story in front of it…once the economy turns around. Gold also has continuing sovereign debt issues confronting it. All in all, other than technical corrections that could come at any time and for any reason, the fundamental story for gold remains very bullish in my opinion. Full Story
By: The Energy Report and Edward Guinness - 23 September, 2010
Edward Guinness, co-manager of the Guinness Atkinson Alternative Energy Fund, says the best opportunities in the alternative energy space involve solar power. "We are unusually positive on the solar sector," Edward says, noting that power produced from solar sources will double in 2010. Full Story
The Hera Research Newsletter (HRN) is delighted to present the following powerful interview with noted speaker and best selling author Dr. Marc Faber, whose newsletter, The Gloom Boom & Doom Report, highlights unusual investment opportunities. Dr. Faber is a popular speaker at investment seminars and conferences around the world and is best known for his contrarian investment approach. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 23 September, 2010
Banks are failing across the country at a growing rate. Actually, the truth is that the US banking system is close to collapsing. And what’s happening with gold? Gold recently struck an all time high as it climbed to a record 1,278 dollars! Full Story
Now that we’re only two weeks or less away from the 4-year cycle bottom, it’s time to start thinking about the year-ahead outlook and what the coming months may bring. This year has been a rough one in patches due in no little measure to the influence to the 4-year down cycle. Full Story
Corporate insiders are flocking out of their own companies, selling $290 in stock for every $1 they buy in S&P 500 firms. With outflows of more than $439 million dollars in equities by corporate insiders and inflows in the billions flowing into precious metals ETFs and securities, would it not be safe to assume that the same insiders dumping their shares are on the buying end of the metals spectrum? Full Story
I'm 50 years old, and I've known for a long time that Social Security and Medicare won’t meet their promises to me. We all know it. That’s why we’re told to load up our retirement accounts with stocks. Full Story
Officialdom does not want its herds to panic full force into gold because that would mean confidence is lost in the system. The system only knows how to keep on trying to perpetuate itself, even as it slowly degrades over time. Expect some serious volatility to attend the gold gushing Don Luskin and an increasingly bullish herd. But that is just volatility in the price casino; you have invested in gold for value, which has been a good strategy all the way up. Full Story
By: Richard Daughty, The Mogambo Guru - 23 September, 2010
I finally managed, for about two minutes, to stop worrying about the coming ascendancy of the Chinese to overwhelm the planet – a welcome respite! – after I read Rick Mills of Aheadoftheherd.com quoting some Chinese doofus named Xiang Songzuo, who unbelievably is deputy head of the International Monetary Institute at Beijing’s Renmin University, and who said, “Export industries employ so many people, and a drop in exports would mean a rise in unemployment which could cause very serious social unrest.” Full Story
By: Gary Dorsch, Editor, Global Money Trends newsletter - 22 September, 2010
With the price of gold zeroing in on yet another major milestone, - $1,300 /oz, some heavy hitters in the marketplace are beginning to wonder if the yellow metal’s rally, is getting a bit too frothy, or even worse, whether a speculative bubble is brewing, that might ultimately deflate under its own weight, and lead to a sharp correction. On Sept 15th, famed hedge fund trader George Soros said that gold prices might continue to rise, but warned that that gold is the “ultimate bubble.” Full Story
By: The Gold Report and Drew Clark - 22 September, 2010
Drew Clark is a relatively new analyst with Byron Capital Markets, but that doesn't mean he doesn't espouse his fair share of wisdom. In this exclusive interview with The Gold Report, Drew provides an in-depth look at gold companies in all categories that he believes are respectable investment opportunities. Full Story
In this article I have unearthed even more forensic evidence in the form of a correlation between the gold and the silver price which again could not happen by random chance. It is necessarily a result of deliberate market intervention and what’s more it occurs on a continuous basis. Full Story
By: Bob Chapman, The International Forecaster - 22 September, 2010
As quantitative easing again gets underway the failure of QE1 becomes more obvious. The crisis worsens and the illusion of any recovery is light years away. Over the past three years almost $13 trillion that we know about has been thrown down a rat hole to bail out banking, Wall Street, insurance and selected elitist entities. The dollar figure is probably much higher. We will never know, because the privately owned Federal Reserve makes its own rules. Full Story
I've been pointing out for months that deflation just isn't a possibility in a purely fiat monetary system. A determined government can create inflation any time it wants as long as they are willing to sacrifice the currency. I think it's safe to say the United States has no compunction against destroying the dollar. Full Story
The gold price has been hitting ever-new records over the past couple weeks, now closing in on the $1,300 mark. Some gold followers are saying this is extremely bullish for the near-term price since it broke so decisively through its June 28th high of $1,261. If they're right, how high might this particular surge go? Full Story
The Gold/Silver ratio has just broken in favor of Silver. In other words, the ratio has broken to the downside. This development along with persistent strength in Gold has prompted the mainstream gurus and “experts” to talk up Silver. We've been writing about the potential in Silver on more than one occasion. Full Story
By: Rick Ackerman, Rick's Picks - 22 September, 2010
For nearly twenty years, we haven’t flinched from our prediction that the massive debt build-up of the last generation would precipitate out as a deflationary bust. That is what we still expect, although we now believe there is likely to be a hyperinflationary phase at some point as the financial system implodes. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 September, 2010
As you all know Bangladesh bought 10 tonnes of the gold on sale from the I.M.F. last week. This leaves 88.3 tonnes to sell now. The 10 tonnes that Bangladesh bought cost them around $1,260 an ounce. This tells us that price was not a determinant in the matter. This may surprise many, but it does highlight something about why central banks in general are buying gold now. Full Story
By: The Energy Report and Alexander Montano - 21 September, 2010
Alexander Montano, managing director of the Corporate Finance Group with California-based C. K. Cooper & Co., puts a lot of faith in technology when it comes to making oil and gas plays pay. Alex sees major opportunities for new technology in old oil basins in this exclusive interview with The Energy Report. Full Story
I have just searched the Internet for commentary or news about the imminent end of the first year of the third Central Bank Agreement on Gold (CBGA), otherwise known as WAG3 (Washington Agreement on Gold 3), in which the 19 signatory European central banks agreed to limit their gold sales to 400 tonnes per year. The agreement's year ends on September 26 but there is nothing but stony silence about it. Full Story
The US dollar. Some amateur chartists see a bull continuation h&s (head and shoulders) pattern on the weekly chart of the US dollar. I suspect this analysis comes from the non-stop pounding I gave the gold community on the existence of a bull continuation h&s in Gold, between 680-1033. That pattern activated, and has been the main driver of the move in gold from 970 to current levels. Full Story
Ben had served his master for seven years, so he said to him, master, my time is up, now I should be glad to go back home to my mother, give me my wages. The master answered, you have served me faithfully and honestly, as the service was so shall the reward be. And he gave Ben a piece of gold as big as his head. Ben pulled his handkerchief out of his pocket, wrapped up the lump in it, put it on his shoulder, and set out on the way home. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 September, 2010
With currencies hardly changed initially just ahead of New York’s opening the Dollar started to slide again leaving it down on the day. Little was added to the gold price from Asia, before London opened. The gold price slipped $4 as a result. The London Fix at 1,278.75 was higher than expected and was followed by a further rise to $1,280 before New York opened. Full Story
There is wide agreement among economists and the financial media that our lackluster economic performance stems from continued "deleveraging" among consumers and businesses. Although it is certainly true that after decades of overly speculative borrowing, individuals and corporations are paying down debt, rebuilding their savings, and generally repairing their respective balance sheets. But these activities cannot be faulted for our economic malaise. Full Story
By: Steven Saville, Speculative Investor - 21 September, 2010
There is regularly talk about the Fed (or Treasury) devaluing the US dollar, but how do you devalue something that doesn't have a fixed measurement? Specifically, what would the Fed/Treasury devalue the dollar against and how would they go about it? Full Story
By: The Gold Report and Frank Holmes - 21 September, 2010
A few months ago, U.S. Global Investors' CEO and CIO Frank Holmes told The Gold Report readers to watch the horizon for a confluence of three forces creating the "perfect storm where gold takes off." Those forces are now in alignment, that perfect storm is raging and gold is on the move. Full Story
By: Richard Daughty, The Mogambo Guru - 21 September, 2010
Something in my Puny Mogambo Brain (PMB) went, “Ding!” when I instantly recognized this as a classic case of the age-old supply/demand dynamic where price equilibrates demand with supply, in this case the increasing demand from the “developing world” is swamping demand from the “developed” world, meaning an increased demand, but with no mention of the physical supply of resources, which are hard to increase and are, in the short run at least, absolutely fixed. Full Story
By: Rick Ackerman, Rick's Picks - 21 September, 2010
For once, the mainstream press has greeted “good” economic news with the blunt skepticism it deserves. According to the Cambridge, MA-based National Bureau of Economic Research (NBER), the Great Recession ended in June of 2009, eighteen months after it officially began. “So Where’s the Party?” asked the Associated Press in a headline that topped Google’s afternoon news roundup. Full Story
In the third quarter of 2008 households and non profit organizations (or ‘consumers’) had $14.6 trillion in total debt on their balance sheets. Since then the consumer has managed to reduce this number by a mere $652 billion. By way of contrast, after reaching $79.1 trillion in the third quarter of 2007, total assets have contracted by an astonishing $12.4 trillion. Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 20 September, 2010
New all-time high prices for gold this week leave many to wonder if we’re nearing a top, but we think gold’s bull run may have further to go. Since mid-August, prices have risen on the back of a significant increase in net long positions on the COMEX and investor interest is near highs for the year. In addition, central bankers have also been stocking up on gold – for the first time since 1988, they will be net buyers of bullion in 2010. Full Story
The first thing I want you to do this week is to read this past article from the spring entitled ‘Smoke and Mirrors Markets to Sponsor Precious Metals Mania’, which will benefit new and exiting subscribers alike for several reasons. (Apologies to non-subscribers as this article cannot be opened to the public.) Full Story
The world is about to get a sobering lesson over the next year or two as the precious metals markets move explosively to the up side. As happens so often in the affairs of men, reality is there in front of us just sitting and being itself. Yet so few of the species homo sapiens can see it. Full Story
When times are good, or at least relatively good, unsustainable trends can appear sustainable. The now-aging baby boomers who had a lot of their wealth tied up in their home and the stock market were feeling great. They had just come off of a 20 year super-bull market in equities and up until 2007 they were seeing the value of their home increase by leaps and bounds every year. Full Story
With gold printing new all time highs in the $1,280s and silver testing new multi-decade weekly closing highs above $20.70 this week, can it be any more natural for people to be warning us that both precious metals are in a bubble? Full Story
By: Rick Ackerman, Rick's Picks - 20 September, 2010
Leave it to the Wall Street Journal to wax enthusiastic over a perpetual-motion engine for the U.S. economy that in reality can no more exist than a unicorn. Here’s the headline, proffered by the Journal under the dubious title “Economic insight and analysis” and written by one Alex Frangos: “Don’t Worry About China – Japan Will Finance U.S. Debt”. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and answer listener's questions. 2nd Hour: Stephen Leeb, Ph.D., Leeb Capital Management Bob Hoye, Institutional Investors Full Story
The United States is facing both a structural and demand problem - it is not the cyclical recessionary business cycle or the fallout of a credit supply crisis which the Washington spin would have you believe. Full Story
We require 3 conditions to be be met to be sure that we have an upside sector breakout, which are expected to be synchronously fulfilled. First gold has to break out upside from its current potentially bearish Rising Wedge - new highs are NOT GOOD ENOUGH and to claim they are is amateurish. Second, while silver has undeniably broken out upside from a Triangle, IT HAS NOT BROKEN OUT YET TO CLEAR NEW HIGHS. Thirdly, as more ordinary investors are well aware, Precious Metals stocks indices HAVE NOT YET BROKEN OUT to new highs, although there is strong evidence is that they will do before long. Full Story
More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (55) think a price of $5,000 or more - even as high as $15,000 – is actually more likely! As such, just imagine what is in store for silver given its historical price relationship with gold! Full Story
Gold is looking good. Since its summer low of $1160 in late June, it has surged to $1275. That's a nearly 10% gain in less than two months, and even though gold has again broken its all-time record high, it's poised to move still higher. Full Story
Who got to BNN to cancel my GATA appearance? How controversial can it be to be right for a decade? This is a farce and a Canadian disgrace. Your financial market press is bought and paid for, just as is the American financial market press. Full Story
By: Bob Chapman, The International Forecaster - 19 September, 2010
The fight for monetary supremacy between the dollar and gold for over the past 16 months has been won by gold and that is why gold is moving higher and the dollar lower. The recent intervention in the currency markets by Japan, ostensibly to weaken the yen, assisted by the US and foreign central banks, won’t strengthen the dollar for any appreciable period of time. The US dollar has broken down and there is no going back. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 19 September, 2010
This week, after the Japanese yen had surged to a fifteen-year high against the US dollar, the Japanese government decided to intervene in the foreign exchange market. To great fanfare, the Bank of Japan initiated a vigorous campaign to buy US dollars, thereby stemming the rise of the yen and pulling up the greenback. The effects were immediate, with the yen falling an astonishing 3% on the day of the announcement. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 19 September, 2010
After weathering a lackluster grinding summer, commodities stocks are poised for a big rally. Thanks to an anomalous divergence between commodities prices and the general stock markets, commodities stocks are relatively cheap today. This has created an excellent buying opportunity for investors. Full Story
By: John Mauldin, Millennium Wave Advisors - 19 September, 2010
I am on a plane (yet again) from Zurich to Mallorca, where I will meet with my European and South American partners, have some fun, and relax before heading to Denmark and London. With the mad rush to finish my book (more on that later) and a hectic schedule this week, I have not had time to write a letter. But never fear, I leave you in the best of hands. Dr. Gary Shilling graciously agreed to condense his September letter, where he looks at the risk of another recession in the US. Full Story
Last week the government released the latest unemployment data. Bloomberg, always ready to roll up the sleeves to help its friends in government (get reelected), was running a headline that “Companies in U.S. Added 67,000 Jobs in August.” Full Story
By: The Gold Report and David Morgan - 19 September, 2010
What's up these days with Silver Guru David Morgan? In this exclusive interview with The Gold Report, David talks about his silver obsession and his newsletter, The Morgan Report. He also imparts some investment wisdom: "The simple fact is I'm not a pig. Bulls make money, bears make money—and pigs get stuck. I'm not going to get stuck and neither are you, if you follow what I'm doing." David also discusses some of his "nonstick" silver holdings. Full Story
By: Daniel Aaronson and Lee Markowitz - 19 September, 2010
As equity mutual fund outflows mount (Figure 1), stock market bulls argue that such outflows indicate that investor pessimism is high enough to serve as a contrarian indicator to support the buying of stocks. However, other indicators, such as the American Association of Individual Investors (AAII) weekly sentiment survey, indicate that bearish sentiment has not yet reached an extreme and that bullish sentiment is in fact quite high. Full Story
After its longest run of moving in tandem with the trade-weighted Dollar Index since midsummer 1991 (45 trading days; average correlation +0.58), the gold price in Dollars resumed its commonly-assumed relationship with the greenback last Friday, moving opposite to the currency's forex fluctuations. Full Story
A common flaw that we see the average investor make is to follow their investments measured in foreign currencies and at the same time forget to calculate their local exchange rate on those investments. This is a HUGE mistake as the fluctuation of an investor’s home currency has a massive impact on their returns. Full Story
By: Marin Katusa and Louis James - 19 September, 2010
Marin Katusa, an accomplished investment analyst, is the senior editor of Casey’s Energy Opportunities, Casey’s Energy Confidential, and Casey’s Energy Report. He left a successful teaching career to pursue analyzing and investing in junior resource companies. In addition, he is a regular commentator on BNN and a member of the Vancouver Angel Forum where he and his colleagues evaluate early seed investment opportunities. Full Story
By: The Energy Report and Eric Nuttall - 19 September, 2010
Eric Nuttall, portfolio manager of Sprott Asset Management's Energy Fund, believes there are opportunities in both oil and gas, regardless of commodity prices. "I'm entirely agnostic when it comes to the commodity price. It all comes down to the valuation," Eric explains. He seeks companies with existing production priced at a reasonable multiple and, as he puts it, gets all the exploration upside for "free" in this exclusive interview with The Energy Report. Full Story
Gold prices are rising from the long-term perspective and it’s no wonder. Central banks that had one time liked nothing better than to get rid of their gold reserves, are amassing major gold positions. The International Monetary Fund said last week that it sold 10 metric tons of gold to the central bank of Bangladesh raising $403 million. The IMF has already sold 212 tons of gold to the Reserve Bank of India, the Bank of Mauritius and the central bank of Sri Lanka, all in November last year. Full Story
By: Richard Daughty, The Mogambo Guru - 19 September, 2010
The drunker I get, the more it seems to me that you slave away at your stupid job every day of your stupid life, hating every moment of it, reviling all the idiotic people you deal with every hellish day, but you bravely and heroically put up with the aggravation, tedium and ennui because you desperately need the money. Full Story
It was a major week in the precious metals market as the ones I cover in this free letter broke out to either new all-time highs, or new highs of recent times. It’s good times ahead for those holding the metals, and also those who are trading the moves. How long this breakout will last I can’t say, but historically the period from now until Christmas has been good to us. Full Story
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