By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 June, 2010
The G-8 & G-20 meetings are scheduled for this weekend and the press and observers are disappointed before they have even begun. Division between the U.S. approach to growth and sovereign debt containment and repayment and the European approach should be added to fears that sovereign debt cut backs will not be achieved in the end. Full Story
By: David Galland, Managing Director, Casey’s Energy Report - 25 June, 2010
Fundamentally, I'm a believer in the concept of Peak Oil. Yet, with the new accessibility to reservoirs made possible by technologies that allow us to drill horizontally and release petrocarbons unconventionally through fracking, I am not sure we have actually seen Peak Oil. Ultimately, however, we are burning through an awful lot of what is undeniably a finite resource. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 25 June, 2010
The global financial crisis is playing out like a slow-moving, highly predicable stage play. In the current scene, Western governments are caught between the demands of entitled welfare beneficiaries and the anxiety of bondholders who fear they will be stuck with the bill. As the crisis reaches an apex, prime ministers and presidents are forced into a Sophie's choice between social unrest and bankruptcy. But with the "Club Med" economies set to fall like dominoes, the US Treasury market is not yet acting the role we would have anticipated. Full Story
By: The Gold Report and Richard Karn - 25 June, 2010
Is the Rudd removal a brilliant political ploy on the part of the Labour Party? Pushing back the September/October federal election they likely would've lost to April 2011 provides them ample time for damage control. But what about the significant, unintended consequence of the RSPT? In this Gold Report exclusive, Richard reveals "the market door has slammed on companies out until the matter is resolved." Full Story
In our most recent essay we have emphasized what influence might the general stock market have on the prices of the precious metals. Since the situation appears to be developing in the direction mentioned earlier and a part of the precious metals sector might be particularly affected in the near future, we would like to provide you with a follow-up. Full Story
DONT KNOW about you, but market depth is pretty poor down at the end of my garden. Not least at midnight, when the gnomes are asleep, rather than quoting 10% bid-offer spreads on gold coins. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 25 June, 2010
So far this year, the US dollar has enjoyed a strong performance. Traders carefully watch this flagship currency since its fortunes affect virtually everything, from world-trade balances to global financial markets to commodities prices. Given the dollar’s universal impact, understanding its drivers is essential for gaming all kinds of markets. Full Story
By: The Gold Report and Jon Hykawy - 25 June, 2010
Rare earth elements (REEs) are not all that rare. They are virtually everywhere—even in economic concentrations in safe jurisdictions, says Byron Capital Analyst Jon Hykawy. What's more, the prices for some high-demand metals derived from REE deposits continue to reach new heights, almost daily. Full Story
Investors and Traders charged with deploying Assets to acquire Precious Monetary Metals are impelled to first Forecast the likely Future Course and Timing of the Price Moves of the Precious Metals, as they do with other prospective acquisitions. Then, they must actually Deploy Assets based on those Forecasts. Full Story
It is important to keep the big picture in mind. When one only focuses on the day to day movements of the gold price, one will be one of those who will lose out. At this point, where gold is going parabolic, you could sell all, and a week later the gold price could be $150 higher (or even more). Full Story
While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport is that gold is in a bubble. Let’s settle it, right now, and shut these naysayers up. Full Story
Should a person be an investor or trader when entering the financial markets? This is one of the great questions which people must face as they work the financial markets and particularly as investors trying to save some funds for a coming rainy day or retirement. Though the issue is of crucial importance, it is something that the Rothschild Cabal controlled media will certainly not mention and even most analysts will not even broach it. Full Story
The Indian government has said that gasoline and diesel prices will now be market-determined as the federal government seeks to shrink its budget deficit and help state-run marketing companies cut losses on selling fuel products at state-set prices. Full Story
By: The Energy Report and Chris Pikul - 24 June, 2010
Morgan Keegan Analyst Chris Pikul is bullish on oil and soft on gas but believes you can still "win the game" by being a discriminating investor in oil and gas E&P companies. "You need to be really focused on gas companies with the best quality assets and strong balance sheets. . .you really have to pick and choose," says Chris, a big picture value investor who never stops thinking about how different market factors will influence the equities he covers. Full Story
The world faces challenges and uncertainty these days like perhaps never before in modern history. Broken insolvent banking systems match the insolvent homeowners living in despair but with newfound hope from simply not paying home mortgages in large numbers. Henry David Thoreau could actually run for the US Senate, as his platform of civil disobedience is more widely embraced with each passing month. Full Story
By: Alex Daley, Senior Editor, Casey Research - 24 June, 2010
Talk of a double-dip recession is seemingly increasing these days. Home sales have dropped like a brick since the end of the special tax breaks for buyers. Weekly job reports are showing much larger rises in unemployment claims than previously expected by whoever it is that decides what exactly is expected – 427,000 new filings in just the last weekly report. Full Story
By: Rick Ackerman and Cameron Fitzgerald - 24 June, 2010
Cam Fitzgerald’s recent guest commentary here, “Britain Becomes the First to Choose Deflation,” drew a heavy response – more than 120 posts in the forum. Here are some further thoughts from him concerning Europe’s turn toward austerity and the potentially profound impact of this on the rest of the world -- even on the U.S., which has yet to heave Keynesian quackery overboard. Full Story
HOW HAS GOLD reached and breached new all-time highs in the absence of strong 1970s-style inflation? The Buttonwood column in last weekend's Economist is only the latest analysis to miss the point, and despite tripping right over it, too. Full Story
By: The Gold Report and John Doody - 23 June, 2010
In the last decade, Gold Stock Analyst Editor John Doody has seen his top-listed equities skyrocket a combined 1,000%, including an eye-popping 130% in 2009. John's tried and true methods have little to do with luck; this student of the gold business rarely fails to find value at any gold price. Full Story
Some of you may have seen the news regarding the launch of a new (and at the moment the only) silver miners fund from Global X Funds, managed by a New York based company that issues a number of ETFs, including one for copper miners. The copper and silver miner funds started trading on April 20, 2010. SIL has a 0.65% expense ratio and is based on an index from a German based outfit at Structured-Solutions.eu. We think the fund (and its underlying index) provides a reasonable representation of the global silver miners sector. Full Story
Breaking news in Australia as the Prime Minister falls on the super tax sword. PM Rudd is going to fight this leadership challenge however this is still a great moment for Australia. The people have already voted forcing the government to shift to a new leader tomorrow. Full Story
By: Bob Chapman, The International Forecaster - 23 June, 2010
The devastating results of Keynesianism didn’t take hold of the western world until after WWII. Cycles were created for the accumulation of wealth. A boom occurs and you get wealthy from investments on the way up and even wealthier on the way down, because the elitists are controlling the supply of money and credit and interest rates. Full Story
In our previous essay we have mentioned that it does not seem that the ultimate top for this gold rally is behind us. Consequently, this week we would like to provide more information on what may influence various segments of the precious metals market, and what you can do about it. Full Story
Wall Street doubled over in anguish today as the latest numbers on existing home sales hit the news wires. I must say that I am totally confused as to why the decline was any kind of surprise, however. The mainstream press dutifully expressed every emotion from grief to even outrage as the number was reported and analyzed. Full Story
Investigations into the trading at the COMEX have yet to make headlines, but they could uncover what traders have been seeing for a very long time. The price of gold and silver ebb and flow as part of a malicious attempt to corner the industry and create profitable opportunities for investment banks and hedge funds. Full Story
My first reaction when I read an article on this site by Arnold Bock - articulating why gold would go to $10,000 – by 2012 no less - was amazement. Who in their right mind would suggest that gold would eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, Bock is in lofty company. Full Story
The present Great Financial Crisis is far from over. In fact, it is getting worse. It can be described as a debt crisis or, at its roots, a belated gold crisis. The landmark year was 1971, when the United States defaulted on its international gold obligations. Now there have been many defaults in history, but the one forty years ago was unique in that it exiled gold from the international monetary system; thereby gold has been prevented from discharging its natural function as the ultimate extinguisher of debt ever since. Full Story
News that China is open to revaluing its currency could bring about a short term reduction in the price of precious metals. Ahead of important multi-national conversations about the future of global trade and the world economy, China politicized its monetary policy, hoping to push back criticism that it is a global currency manipulator. Full Story
By: The Energy Report and Greg Gordon - 22 June, 2010
Big American utilities pay big dividends, some as high as 8% among regulated utilities, and right now they're as cheap, relative to the bond market, as they've been in about a quarter century. If you like investments as income, few people who know the utilities equities better than Morgan Stanley Analyst Greg Gordon. Full Story
Gold is amazing. It’s been very strong, hitting record highs last week. Its bullish price action means investors and governments know it’s time to be in safe assets. The result is, gold continues to benefit as the world’s #1 safe haven. Full Story
News that Saudi Arabia has secretly doubled its official gold reserves over the past few years should come as no surprise to readers of ArabianMoney. But then it was just speculation. Now this is fact. Will it be the same story for silver? Full Story
By: Steven Saville, Speculative Investor - 22 June, 2010
The best web-based presentation of US money supply data is located at http://trueslant.com/michaelpollaro/austrian-money-supply/. That's where we obtained the following chart, which shows the year-over-year (YOY) percentage changes for TMS1, TMS2 and M2. Note that "TMS2" is what we normally refer to as TMS (True Money Supply), whereas "TMS1" is a narrower definition of money supply that doesn't count savings deposits. Full Story
We routinely take partial profits early in a put trade because, in the 37 years we have been trading options both on and off the exchange floor, we can recall only a couple of instances when a retail customer we knew actually made money holding puts. Even when stocks crashed in 1987, those who had bought puts for the ride were so busy patting themselves on the back that they got crushed when stocks trampolined higher with a vengeance on Tuesday, October 20. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 June, 2010
With China dropping the ‘peg’ to the U.S. $, the financial world is expecting it to appreciate up to 30% over time. But we don’t expect this at all. China has interests and will do no-one favors unless they are in China’s interests. Full Story
By: The Gold Report and Jack Lifton - 21 June, 2010
Everybody's talking about rare earth elements (REEs), but does anyone truly understand them? With nearly 50 years in the industry, independent Metals Consultant Jack Lifton sure does. The educational powerhouse in this burgeoning space returns to The Gold Report with a look toward future trends and a plan to emancipate North America from China's REE monopoly. Full Story
There is good reason to think that gold’s best days might still lie ahead. These charts show the degree to which it is undervalued based on the historic rate of inflation. The first shows the inflation-adjusted price using the current Bureau of Labor Standard’s (BLS) consumer price index. The second shows the inflation adjusted price using the same statistical model the BLS did in 1980 -- data still tracked by Shadow Government Statistics (SGS) without the current CPI’s hedonic adjustments. Full Story
If there is one thing that the Western (Fed) led international brotherhood of central bankers or our self-serving politicians cannot make disappear magically its the debt. And the fact new credit eventually turns into yet more un-repayable debt, and that we have now arrived at the ‘tipping point’ in this regard, where additions to debt do more harm to the economy than good as not only does serviceability become an issue, but increased government participation crowds out market influence, the stage appears to be set for a grand scale systemic / economic crash. Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 21 June, 2010
Now there’s an old saying that the time to sell an investment is when it’s finally “discovered” by the popular media, but that may not be good advice for gold in today’s environment. This week spot gold and gold futures hit all-time highs as the latest government reports cast doubts on the economic recovery. Full Story
There’s an old adage about not seeing the forest for the trees. It means getting wrapped up in the details of a circumstance and losing appreciation for the big picture. Sometimes we need to step back and look at things from a different perspective. Consider the extraordinary situation that currently exists in the silver market. Full Story
Each commodity and each economic good has its own characteristics, and before you trade any market seriously, you should stick your toe in the water, so to speak, (meaning to trade at a level you can afford). In this way, you can acquire knowledge of the characteristics of the particular market. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and listener's questions. 2nd Hour: Harry S. Dent Jr., The Great Depression Ahead Robert Prechter Jr., Elliot Wave International Full Story
1. The crucial objective factor promoting economic growth in a private property social order is per capita investment. 2. Americans save less than 5% of household income. 3. The Federal Reserve System runs the show economically; Congress doesn't. Full Story
By: John Mauldin, Millennium Wave Advisors - 21 June, 2010
"Everyone" is upset with the level of fiscal deficits being run by nearly every developed country. And with much justification. The levels of fiscal deficits are unsustainable and threaten to bring many countries to the desperate situation that Greece now finds itself in. Full Story
We continue to hear pundits describe gold as a bubble. Certainly it will turn into a bubble before this is all over but we are hardly in the bubble stage yet. In order for a bubble to form you need the public to come into an asset class. The public is pretty dim and it can take 15-20 years before they "catch on". It took 18 before they noticed the tech bubble. Full Story
Everywhere one turns it seems that fear lurks just behind the corner, just waiting to pounce. Every day we’re bombarded by fear in the news headlines, be it from a financial, economic or geopolitical perspective. Nowhere is this more apparent than the current fear campaign over the U.S. debt situation, specifically, consumer deleveraging. Full Story
With gold prices touching $1,260 last week and hitting a new all-time high, the difficult question is whether this is some type of short term top in the gold bull market or whether something has fundamentally changed in the currency markets that is going to send gold much higher from here. Full Story
Gold and silver are both poised to make history this coming week, but will they? We suspect that the Big Sellers (BS) of both will certainly attempt vigorous opposition. They already have. The question is whether the buying pressure will overwhelm the “hedgers,” … the question is if the numbers of buyers and the volume they wield will overrun the BS as it did in October of 2005, as it did in July of 2007, in December of 2008, in December of 2009 and again in April, earlier this year. Full Story
We’re into new all time highs in gold, inflation non-adjusted. Still the move does not have the momentum (strength) behind it to give us all that enthusiasm one might want to give to the move. Go with the flow but watch out should the flow stop. Full Story
It’s now official, Gold has broken it’s perfect cup and handle formation. It’s heading much higher here and now, with a very high degree of confidence. To buy or not to buy is the question. I’ve always liked to buy on weakness. Gold is not weak right now. Full Story
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