In recent months, there have been countless topics of vital importance to discuss; in some cases, potentially cataclysmic ones, like the quite obvious escalation of the Ukrainian conflict, irrespective of comical Western propaganda suggesting otherwise. Not that the Ukrainian revolution is the world’s top “horrible headline”; as in our view, myriad others are equally ominous. However, it is certainly a major issue and currently embraced by the squirrel-like attention span of the MSM – despite not even holding a place in the “top ten” reasons I hold the majority of my liquid net worth in PHYSICAL precious metals. Full Story
Charts are telling me that 2014 should be a great year for Commodities and Miners and I expect a period of financial market turmoil for the US Market. I believe that we are very close to an important corrective move as the Market is due to top in March 2014. Full Story
Now that it appears clear the bottom is in for gold, it’s time to stop fretting about how low prices will drop and how long the correction will last—and start looking at how high they’ll go and when they’ll get there. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 7 March, 2014
Everyone agrees that the winter just now winding down (hopefully) has been brutal for most Americans. And while it's easy to conclude that the Polar Vortex has been responsible for an excess of school shutdowns and ice related traffic snarls, it's much harder to conclude that the it's responsible for the economic vortex that appears to have swallowed the American economy over the past three months. But this hasn't stopped economists, Fed officials, and media analysts from making this unequivocal assertion. Full Story
By: Adam Hamilton, Zeal Intelligence - 7 March, 2014
Stock-market capital finally started flowing back into the flagship GLD gold ETF for the first time in 14 months in February! Though this buying was small, this is truly a momentous event. Extreme gold-ETF outflows were the dominant culprit behind last year’s epic gold selloff. Without that massive influx of additional supply weighing on the global markets, gold is going to surge on strong physical demand. Full Story
Major Fiat Currency Printers around the World are devaluing their currencies by “printing” ostensibly in order to bolster their economies. But the consequences of The U.S. Fed’s QE for example, have been increasingly to artificially inflate financial Assets and enrich The Fed’s Mega-Bank Owners. It has not resulted in an improving U.S. Economy or Employment Picture. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 7 March, 2014
Gold researcher and GATA consultant Koos Jansen today publishes an English translation of another remarkable commentary by a Chinese market analyst, newsletter editor, and consultant to the China Gold Association, Zhang Jie. Full Story
There is something rather absurd about the ever-so-slightly loosening death grip that the mainstream financial media has around the issue of precious metals price manipulation. The painfully reluctant (and largely incomplete) reports on the subject have fueled a series of seemingly derivative-like conspiracies. Full Story
Earlier this week Bill Gross who runs Pimco's bond fund made a conditional case for investing in high-yielding bonds, even though on first cut the yield benefit appears insufficient to justify the extra risk. Put bluntly, he suggests that investing in bonds issued by insolvent Eurozone governments or second-rank corporate borrowers could be profitable. Full Story
As I promised you last night lets look at the GLDX, Junior Gold Stock Explorers etf that maybe one of the hottest areas in the markets right now. Tonight I’ll show you the two different measuring techniques I use to get an idea of where the price may move once a breakout is in progress. Full Story
Charles Hugh Smith and I laid out the looming domino in the US Retail CRE (Commercial Real Estate) space 5 weeks ago. Even for those retailers unlike Staples, who can maintain sales, the domino is going to be due significantly to advancement of online and robotic technologies. The rapidly advancing ramifications are both startling and alarming. Full Story
The desperation of the Anglo-American leadership, guided by the steady corrupt banker hands, has never been more acutely high, nor obvious in full view. The entire Ukraine situation is a travesty. It includes Langley agents killing police and street demonstrators from rooftops, the confirmation coming from the Estonian Embassy (translation of scripts). It includes thefts of official Ukrainian Govt funds, again sent to the Swiss hill sanctuary. It includes sanctions delivered by a US Paper Tiger, sure to cause horrific backlash. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 March, 2014
Since last August, the Indian government placed a stranglehold on gold imports into the country by requiring that 20% of all gold imported be exported as jewellery. This forced the amount of gold imported to drop to 30% of former levels until October of last year. Then the amount imported rose to 38 tonnes a month and has been at that level since then. The amount of gold that was expected to be imported for the year was north of 1,200 tonnes. It only achieved an imported total of 825 tonnes, around 400 tonnes less than expected. Full Story
One cannot help getting the feeling that no matter where this goes the crisis in the Ukraine that has morphed into the Russian move into the Crimea cannot come to any good end. Frankly, I hope I am wrong but history has often shown that once events of this nature get under way finding a solution often proves elusive. There has to be give and take and ultimately there are winners and losers. So far, it has been mostly take with little give and the biggest loser is often the one holding the weakest hand. In this case, that is the Ukraine. Full Story
Stocks came under selling pressure on Monday in the wake of renewed concerns over geopolitical instability in Eastern Europe. An escalation of tension between Russia and the Ukraine led to a plunge in Russia’s stock market, which in turn had a spillover effect on U.S. equities. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 6 March, 2014
Before Bear Stearns and Lehman collapsed, the market for physical gold was limited to a relatively small group of investors who understood the havoc inflation was wreaking on our savings and the US markets. As the financial crisis took hold, a flood of new and inexperienced buyers entered the market, creating an opportunity for unscrupulous metals dealers to swindle their way to massive profits. This is what drove me to launch my very own gold dealer, Euro Pacific Precious Metals, to provide a safe alternative for those who were taking my advice to diversify into sound money. In our first year of business, I released Classic Gold Scams and How to Avoid Getting Ripped Off, a free report that has saved countless investors from losing their shirts. Full Story
The cleanest of the dirty shirts doesn’t necessarily preserve your purchasing power. Sure, the U.S. dollar has beaten the Russian Ruble and some others of late, but when it comes to real competition, the U.S. dollar has taken a back seat. The U.S. dollar’s long-term decline may be firmly in place and investors may want to buckle up to get ready for the ride. Full Story
It’s hardly a state secret that we Americans are getting old. Both in raw numbers and as a percentage of the overall population, the 65+ cohort is growing rapidly as the baby boomers slide into retirement. On the plus side, these data confirm that more Americans are living to a ripe old age than ever before—many of them in good health well into their seventies and eighties. Full Story
Smart savers have a retirement account, but few understand the difference between the different types of retirement accounts available. It’s hard to know whether to keep money in a traditional 401(k) or move it into an IRA or Roth IRA or if there are other options available. To help clarify, Dennis Miller interviewed IRA expert Terry Coxon. Their discussion helps clarify the different types of accounts – and which are right for which people. Full Story
In January of 2013 NFTRH used the Semiconductor sector as a ‘canary in a coal mine’ to a potential coming phase of US manufacturing strength and an economic bounce. This had negative implications for gold but normally would have had positive implications for commodities positively correlated to the economy. Full Story
By: The Gold Report and Ron Struthers - 5 March, 2014
Is the bear market in mining equities finally over? It looks that way, says Ron Struthers, publisher and editor of Struthers' Resource Stock Report. In this interview with The Gold Report, Struthers explains what distinguishes this recovery from past ones: TSX Venture Exchange stocks, not the majors, are leading the way. Struthers tells investors to look for proven management, ample funding and good share structures. Full Story
The fact that we’re still at the very early stages of these three catalysts, combined with the continued “maximum pessimism” sentiment tells us that there’s still a lot more upside potential in this crisis investment. Full Story
Now that the first leg off the bear market bottom has been completed the mining shares have been consolidating for the last three weeks in preparation for another leg up, and I expect the second leg will be almost as powerful as the first. As gold is now late in its daily cycle I'm looking for one more dip down into Friday's employment report to complete the short-term correction. Then I look for gold's third daily cycle to test the $1425 resistance zone over the next month. Full Story
We’ve all heard the term ‘one trick pony’, which was spun into a classic pop (and movie) hit for Paul Simon back in 1980. Quite a catchy tune for sure. But for our purposes, which is to take a satirical look at the Fed (yes my life insurance is all paid up), we are interested in its classic meaning, that being “someone or something that is skilled in only one area”; or, “someone or something that has success in one area”. Full Story
Briefly: In our opinion short speculative positions (half) in silver and mining stocks are justified from the risk/reward perspective. We are closing half of the long-term investment position in gold. As you know, we had been expecting the tensions in Ukraine to cause a significant rally in gold (not necessarily in the rest of the precious metals sector). Not only wasn’t that the case on Monday – the rally indeed took place, but it was rather average, but gold managed to decline on Tuesday while there was no visible improvement in the situation in Ukraine and on the Crimea peninsula. Full Story
Whilst some company Directors I have met with claim that 1991/1992 was the toughest junior resource market they have endured, it is extremely rare to have had consecutive shockers in 2011, 2012 and 2013. Looking at the 5 and 10 year XSR charts it is apparent that the next upleg (I.e. recovery) is going to be a spectacular event driven again by fear, greed, stupidity and on this occasion with the help of a little blue bird. Full Story
The buzz phrase at PDAC 2014 could be described as “cautious optimism.” Executives, analysts and investors seem to believe a corner has been turned but failed to show any excitement or hope beyond that. Some participants estimated that attendance was down 20% from last year and much lower than 2012. I did not attend last year but definitely noticed foot traffic was significantly lower than in 2012. Interest in my presentation this year was much lower than in 2012. Mind you, these are only anecdotal measures of sentiment. However, for me they further underscore that very few seem to believe in the immediate continuation and sustainability of this recovery. Full Story
What is astonishing about this comment is that it was required of the Fed to learn the obvious, or that people of Bernanke’s caliber might have somehow believed that it might be otherwise. The Ancient Greeks warned heavily this sort of thing and called it hubris. Bernanke, with studied aplomb, drops the comment as if he were on the evening news explaining his latest blown call on the weather. Full Story
Have you ever wondered when to get into an investment and when to get out?Almost every bull market has 3 distinct phases and if you can learn to recognize them it will help your odds tremendously of getting in while the market still has room to go up, and get out before you ride it back down again. Full Story
Quantitative Easing (QE) is no longer a surprise, but the fact that it's continued for so long is. Like many Miller’s Money readers, I believe the government cannot continue to pay its bills by having the Federal Reserve buy debt with newly created money forever. This has gone on much longer than I'd have ever dreamed possible. Full Story
The Ukraine crisis may or may not be over. Regardless, the crisis has only resulted in a tiny increase in the holdings of GLD-NYSE, the largest gold ETF. To view the latest tonnage holdings, please click here now. (The holdings are in the lower right hand corner). As gold has rallied, the gold held by GLD-NYSE hasn’t changed much at all. Full Story
Given the above assumptions, a reasonable projection for the EGP (a “fair” price for gold) in 2017 is $2,400 - $2,900. Remembering that market prices can spike significantly above or crash below the EGP for many months, we could see a spike high above $3,500 or $4,000 in 2017. Extraordinary events such as a global war or dollar melt-down could push prices higher and sooner. Full Story
The Bitcoin fiasco shows the difference between fiat money, virtual money and the only real money, namely gold. Mt. Gox, the Tokyo private exchange for Bitcoins, filed for bankruptcy last Friday, after the owner shut down its website. Mt Gox account holders, including Mt Gox, lost $425 Million when the virtual exchange went dark. Mr. Gox officials claim over 800,000 Bitcoins went missing from user and company accounts, forcing the company into bankruptcy. Several authorities are investigating the incident. Full Story
Every week, our investment team reviews a variety of sources to formulate a summary of the top events in the gold, resources, and emerging markets. The results are categorized in terms of strengths, weaknesses, opportunities and threats. We believe this SWOT model helps investors make informed decisions about their gold and gold stock investments. Full Story
By: The Gold Report and Brien Sylvester - 3 March, 2014
You didn't really think that junior miners would languish forever, did you? Junior mining stocks are starting to make a careful climb from the depths after tax-loss selling in December. But some investors, beaten down as badly as mining stocks, are still hesitant. For those investors, Michael Ballanger, director of wealth management and a certified investment manager with Richardson GMP, has a nearly win-win strategy. In this interview with The Gold Report, Ballanger talks about his investment ideas for 2014 and a less-risky twist on the balanced portfolio. Full Story
By: Dan Steinhart, Managing Editor, The Casey Report - 3 March, 2014
I was planning to explore the investment landscape of the burgeoning marijuana industry today, but it looks like the party’s already over. Appearing before the Maryland Legislature, Annapolis Police Chief Michael Pristoop testified that 37 people died in Colorado on the first day of legalization from overdosing on marijuana. What a damn shame. With morbid stats like that, the government can’t possibly allow the legalization trend to proceed any further. People’s lives are at stake! Full Story
By: Steve St. Angelo, SRSrocco Report - 3 March, 2014
While gold is the king monetary metal, silver will turn out to be the king precious metal performer. Currently, gold is stealing the show as the East (China) continues to consume more than total world gold production. However, silver will surprise the markets in the future as overwhelming demand will outstrip supply in a big way. Full Story
Below is a chart of the HUI H&S top that I was showing on another website , during its formation in 2008 and the crash that followed. Keep in mind the HUI had been rallying for 8 years without a topping formation so when I started to show the possibility of this H&S top nobody wanted to hear it. Some of you know the feeling, that when you post something negative about the precious metals complex, you have to take a lot of flack to make your point. Full Story
Geopolitical risk premium in global financial markets is definitely on the rise this morning as investors digest the likely impact of what amounts to an invasion of the Ukraine by Russian troops over the weekend with an estimated 6,000 of them now stationed in Crimea in response to the overthrow of the Russian-backed president by an angry mob in Kiev. Full Story
Using proprietary statistical analysis to forecast the markets, the head of U.S. Global Investors Frank Holmes says the odds favor a big bullish move this year for gold silver and related equities as the sector returns to the mean, rebounding from deeply oversold conditions. China is pulling more than its weight, accumulating gold on a massive scale by rolling the world's largest dollar reserve stockpile into gold reserves. Full Story
By: John Mauldin, Chairman, Mauldin Economics - 2 March, 2014
John is in Florida and feeling a bit under the weather, so this week we’re bringing back one of his most popular letters, from December 2007. In the letter he discusses the work of Professor Graciela Chichilnisky of Columbia University, one of whose key insights is that the greater the number of connections within an economic network, the more the system is at risk. Given the current macroeconomic environment, it is important to remind ourselves of how complacent we were back in 2007 and how it all fell apart so quickly, just as John outlined in this rather prescient piece. Full Story
It’s Friday morning and frankly, it’s hard to believe the financial world is still standing. Prior to the past five years’ all-out, U.S.-government led efforts to “suspend disbelief” with unprecedented, 24/7 application of a blanket money printing, market manipulation and propaganda campaign, this week’s events would have caused plunging financial markets and expanding, global fear. However, in today’s Bizarro world – which like the 1960s London Gold Pool, won’t last forever – the Italian stock market hits multi-year highs when its government collapses for the second time in five months and its largest city – Rome – heads for a Detroit-style bankruptcy filing! Full Story
Circumstances are at such a point that one no longer needs a justifiable reason for being long physical gold and/or silver. Does it matter that the 50 day moving average is going to cross the 200 day moving average, now being bandied about as though there were a degree of magic associated with the event? Does it matter anymore that China remains a record buyer of physical gold for over a year? Did it ever matter that coin sales to the public have been setting records for well over a year? Full Story
What an incredible week for so many stocks. If your stock wasn’t up at least 10% a day or two this week then you were in the wrong stocks. Even 10% was on the light side with several of ours moving over 20% in a day on at least one occasion this past week. We did see leading stocks stall out later in the week and then Friday they began to fall off before the indexes and smaller stocks followed. Full Story
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