SURGING DEMAND from China, the world's second-largest gold buyer, is changing seasonal patterns in gold price trends for investors everywhere. How so? At this current pace, private Chinese demand may overtake India's by 2014 (if not sooner), giving the world's two most populous nations two ounces of gold in every five sold worldwide that year. But already, this further eastwards shift is showing in global gold prices. Full Story
In an earlier article we saw the might of China’s residential sector. An examination of the non-residential sector and infrastructure initiatives in China puts beyond doubt the support for metals from China alone. However, withdrawal of the effect of the stimulus combined with cautious investors expecting a correction in China’s real estate may result in an imminent correction before prices continue upward. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 26 November, 2010
Overnight Tuesday, selling pressure slammed futures on the ominous news of North Korea shelling a South Korean island. What ought to have been a relatively-quiet market day heading into Thanksgiving was suddenly filled with anxiety. How would the South Koreans retaliate? Was a new war erupting? Full Story
There is a considerable body of people out in the world, financial market analysts in particular, who argue that Rothschild cousin Ben Bernanke is deliberately trying to decrease the value of the dollar—thru inflation or otherwise (to supposedly help US exports and the US balance of trade deficit—although Americans don’t produce much of anything that others want except for some weapons of war and a few grains because of the weather warfare conducted by the Cabal and its owned/controlled US government to hurt certain foreign grain producers). Full Story
Hat’s off to both Alex Jones and Max Keiser. Together, they’ve drawn attention to the ongoing paper manipulation of the price of silver. Maybe more importantly, they’ve likely knocked the lid off of Pandora’s Box – exposing the enormity of ALL paper frauds being committed by the Federal Reserve and Wall Street’s house of horrors. Full Story
Facebook is not yet listed on the Nasdaq and still commands a private company valuation in excess of $40 billion, almost the same as the largest US-listed gold producer Barrick Gold Corporation, while Google at around $200 billion is worth more than all the top 20 US-quoted gold producers together. Full Story
By: Richard Daughty, The Mogambo Guru - 25 November, 2010
I tried to tell my boss that my unexplained absence was because I was so Completely Freaked Out (CFO) that I didn’t know what to do all weekend except hide like a little crybaby coward in the Big, Beautiful Mogambo Bunker (BBMB) waiting for the inevitable collapse of the entire world order because of the massive over-creation of money by the foul Federal Reserve, where I whimpered and cried in fear because We’re Freaking Doomed (WFD) and there is nothing – repeat, nothing! – that can be done. Full Story
The backdrop has turned dire on several front simultaneously. The great millstone around the USEconomy's neck continues to drag it down. CoreLogic reported 2.1 million units have created a swamp in Shadow inventory of the housing market. That equates to 23 months inventory, whereas normal is 7 months. They tallied the growing tumor of bank owned properties as a result of home foreclosures, also called the REOs (real estate owned). Look for no housing market recovery for at least another two years. Starting in summer 2007, the Jackass forecast each year has been for another two years of housing market declines, all correct. Ireland might be squarely in the news, but the big enchalada is Spain. Full Story
By: James Cook & Theodore Butler - 24 November, 2010
Cook: For the past ten years you have been claiming that silver was the best thing people could own. How do you feel now with silver around $25 an ounce? Butler: I have a sense of relief that I could not possibly have hurt anyone who followed my advice. I also feel intellectually vindicated about the way things are turning out. Lastly, I feel amazed how good silver still looks for further gains. Full Story
SO the FEDERAL RESERVE's second-round of quantitative easing, announced on November 3rd, was a shoo-in – a fait accompli – already decided when the policy team first sat down the previous day. How come? Full Story
By: Chris Powell and Robert Lambourne - 24 November, 2010
The gold records and accounting procedures of the Bank for International Settlements, the central bank of the central banks, are ambiguous and confusing and seem to facilitate the double counting of central bank gold amid gold shortages, GATA researcher Robert Lambourne concludes in a study presented to the Gold Symposium in Sydney, Australia, on November 9. Lambourne's study is shown here. Full Story
Summing up, the long-term situation appears very bullish for gold, silver, and mining stocks. Both, gold and mining stocks appear to be gathering strength for the next big run up. Consequently, the long-term capital should be already invested in the precious metals market. Full Story
To continue to attract shoppers, jewelers are lowering the karat weight of gold and increasing the amount of silver. A 22k gold band made of gold and silver is just as yellow, but nearly 10% less expensive than a 24k band. To a shopper, the difference between 22k and 24k is insignificant, but to silver investors, it's huge. Full Story
Nearly every week recently we get more Premonitory Signs that The Big One – Another International Financial Crisis of Magnitude of the 2008 Crisis, or even Greater -- is Coming Soon to all of us around the world. Thus, we first consider these Signs, and then some steps to take to Profit and Protect. Full Story
Since we’ve mostly all got a long weekend coming up I thought I’d try and keep this as light and short as possible while still getting some valuable information across to you. The week again has seen mostly all the action in the early minutes of the trading day. The major US indices haven't’ really done much for the past few weeks but they are building nice patterns which could lead to higher prices in the near future. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 24 November, 2010
Given the opposing views of the potentially parsimonious new Congress and the continuously accommodative Federal Reserve, there is a movement afoot among Republicans to eliminate the Fed's "dual mandate." Prior to 1977, the Fed only had one job: maintaining price stability. However, the stagflation of the 1970s inspired politicians to assign another task: promoting maximum employment. This "mission creep" has transformed the Fed from a monetary watchdog into an instrument of social policy. We would do well to give them back their original job. Full Story
By: Bob Chapman, The International Forecaster - 24 November, 2010
The social net has become a bit more frayed. Soon extended unemployment benefits will cease and 2 million Americans will have to dip into their savings, if they have any. This is an outgrowth of the effects of free trade, globalization, offshoring and outsourcing. We have lost 8.5 million jobs over the last ten years to this destructive process. We have seen more than 42,000 manufacturing plants leave the country as well. Full Story
I’ve been asked “What’s the secret of finding winning gold, silver, and other natural resource stocks?” more times than I can even begin to count. And for over 20 years, my answer has remained pretty much the same: the Eight Ps. Full Story
The Fed is a corrupt and powerful institution, and Chairman Bernanke is making the global crisis worse. His new speech given last week in Europe was terribly misguided and will upset markets as the Chinese and Germans won't ignore his challenges. Bernanke’s interpretations of the markets have been wrong since before he was appointed to head the Fed, and his actions are doing nothing but aggravating the situation. Full Story
By: Richard Daughty, The Mogambo Guru - 24 November, 2010
Unfortunately, it is not only Robert Zoellick of the World Bank that has notoriously turned against a gold standard, but The DailyBell writes about similar sentiments from Nouriel Roubini, university professor, in their article “Roubini: Here’s Why a Gold Standard Won’t Work.” Full Story
In summary, and despite the fact that other investment vehicles are outperforming SLV, in the event that price breaks out at the blue arrow in the SLV chart above, on increased volume, then those who own shares in SLV will continue to profit, but those who invest in the alternatives can expect to do even better, and without having to worry about the JPMorgan influence at SLV. Full Story
The Gold Market is the ultimate market, so it makes sense you approach the ultimate market with the ultimate strategy. Gold and food do battle for title of the world’s lowest risk investment, and in a page out of the bizarre and surreal handbook, Elmer Fudd Public Investor believes these two items are the most risky investments. Full Story
Platinum has been a star performer since the beginning of this century. From about the year 2000 to 2008 it went from just under $400 to a high of $2200. That is an incredible rally, and possibly unrivaled during that period by any other metal or investment class. What is discussed here for platinum holds true for many other assets, even fiat money, but in different aspects, and to various degrees. Full Story
The endgame of capitalism is a uniquely different environment where investors find themselves faced with increasingly dangerous options. In the endgame, proven strategies are improvident, buying and holding becomes a time bomb and speculators are favored over investors because of excessive liquidity and volatility. Full Story
By: Steven Saville, Speculative Investor - 23 November, 2010
In many economies the total quantity of debt has become so high that repayment is no longer possible using the current supply of money. This means that default on a grand scale is inevitable, the only unknown being the nature of the default. One possibility is that most debt defaults will be the direct kind, while the only other possibility is that enough new money will be created to enable most debts to be repaid using substantially depreciated currency units. The second possibility is often described as "inflating away the debt". Full Story
There’s a wealth of wisdom to be found in ancient Chinese proverbs. Not uncommonly one can find answers to the most complex problems today by reading the simple yet elegant epigrams found in any collection of ancient sayings. Full Story
Certain deflationists have recently gone on record saying that the increase in the Fed's balance sheet is meaingless with regard to creating inflation because our central bank can't print money, it can only create bank reserves. The problem with their view is that it both disregards the definition of money and ignores the process of creating bank reserves. Full Story
With the Chinese yuan and Brazilian reals off-limits to most retail investors, turning to gold may be the best bet. Even with the gold hitting the $1,400 an ounce mark, it’s still a good idea to allocate around 20% of your portfolio to this precious metal. Consider that over the last decade, gold is up by 17%. Compare this to stocks over the same period and you’ll see the difference. Stocks were up by only 1%. Full Story
By: Richard Daughty, The Mogambo Guru - 23 November, 2010
It was with regret that I read in Reuters that “World Bank President Robert Zoellick said on Wednesday he was not advocating a return to a gold standard for exchange rates, but described the metal as ‘the elephant in the room’ that policymakers needed to acknowledge.” Full Story
Nearly three years of strenuous efforts by the Fed to lift home prices has not added even a dime’s worth of inflation to the average dwelling. Perhaps it’s time to try a new approach by bailing out beleaguered homeowners, more than 35 million of whom owe more than their properties are worth. In the essay below, our astute friend Doug B, a Colorado-based financial advisor, asserts not only that debt forgiveness can help return the real estate market to health, but also that lenders are likely to support it when they ponder the alternative of empty houses falling rapidly into a state of neglect. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 22 November, 2010
Noting J.P. Morgan Chase & Co.'s central role in suppressing the price of the monetary metals, particularly silver, the international journalist and provocateur Max Keiser has been waging a campaign to smash the market-manipulating investment bank by persuading civic-minded people to buy and take possession of at least 1 ounce of the precious metal. Full Story
By: The Gold Report and James West - 22 November, 2010
Recovery? What recovery? With more money in circulation than ever before in history, Midas Letter Editor James West asks, "Where's all the money?" The government would have us believe a "recovery" is underway and that we're all firmly back on the road to prosperity. "A recovery is underway," says James, "but those elements of the global economy that are recovering aren't in the economic interests of most planetary citizens." Full Story
In case you are trying to put two and two together about what’s going on out there to make gold, silver, everything that’s not nailed down soar in price these days, let me clear things up for you. It’s our hollowed out economy, and the money that needs to be pumped into it so that it doesn’t implode. Full Story
The expression, “gold bug,” has two meanings. In politics, a gold bug is someone who favors the gold standard. The phrase was first used in the election of 1896 to indicate the supporters of William McKinley, who favored the gold standard, as opposed to the supporters of William Jennings Bryan, who favored adding silver to the system to increase the money supply. Full Story
By: Arnold Bock with Lorimer Wilson - 22 November, 2010
An understanding of the current economic realities and trends suggest that investing in natural resources (i.e. energy, agriculture and minerals – and especially gold and/or silver) - is virtually guaranteed to be the most investor-friendly sector. Below we outline the economic storm we are about to experience, how best to prepare to withstand the expected hurricane winds, high seas and torrential downpours and which safe haven investment alternatives to invest in to ride out the storm of the century and prosper in the years ahead. Full Story
By: Rick Ackerman, Rick's Picks - 22 November, 2010
Last week’s financial headlines offered a study in contrasts. On the ostensibly sunny side of the news was the explosive evacuation coaxed forth by the General Motors IPO. Economic optimists must have rejoiced at this spectacle, oversubscribed and charged with hubris as it was. Just like in the good old days, speculators and Wall Street bunko artists couldn’t get enough of a bad thing. Or are we perhaps being unfair to GM? Full Story
Gold fell 1.10% for the week but staged a very impressive move higher off of the uptrend line where the 50 day moving average lies. Gold did not move above the 21 day moving average though as of yet and that level is now resistance. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. 2nd Hour: Kevin Kerr, Kerrtrade.com Andy Schectman, Miles Franklin Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 November, 2010
In the last week, gold and silver prices fell even as George Soros himself commented that conditions for gold looked perfect. Why? A look around at virtually all markets from Shanghai through Europe and back to the States fell. The media pointed to the potential for interest rates to rise, but that is an insufficient explanation when one considers that the declines were in the region of 5% across all the board. An event that touched the very structure of the global financial system occurred and is still happening right now was, we believe, the cause of the falls. Full Story
The dollar is what it can buy and nothing else. However, gold is money and nothing else. It is of paramount importance to the Federal Reserve to keep the physical price of gold under control so that the dollar may be viewed as legitimate money. Full Story
By: Jason Hommel, Silver Stock Report - 21 November, 2010
I like silver better because it's being consumed by industry. It's a much smaller market, by far, and thus, will move up far more than gold. If the silver to gold ratio returns to the historic value ratio of 15 oz. of silver for every 1 oz. of gold, you'd make far more on silver, since the current ratio is about 53:1. But I think silver might exceed the historic ratio, since that ratio was last seen nearly 100 years ago, except for briefly in 1980. Full Story
By: John Townsend, The TSI Trader - 21 November, 2010
There is no other way to describe silver's price movement of the past 13 weeks other than to call it parabolic. With that in mind, I thought it would be interesting to do a little study of past silver parabolic moves and see if I could get a handle on just how high silver could travel into December before it implodes. Full Story
Back in the days, after a well was drilled, an explosive charge was released down the pipe & set off with the anticipation & hope to crack the rock open in order to increase the petroleum flow into the bore hole. These days, acids are mostly used to achieve larger flow rates. Drillers did not have & use blowout-preventers as they do today to control high-pressure reservoirs. Full Story
By: Bob Chapman, The International Forecaster - 21 November, 2010
Something is going on that your government does not want you to know about. Very few journalists have written about it and little or nothing has appeared in the mainstream media. The story could be one of major stories of our time. Western powers have tried to destroy gold as a backing for currencies for many years. Presently the major media won’t touch the story and that is understandable. Something we have been writing about for years is the Shanghai co-operation organization known as SCO. Few have been listening and few have been interested in what their mission is and what they have been up to. Full Story
The rather ominous sounding Hindenburg Omen was the latest in a long line of one-off indicators said to be heralding an imminent global stock market crash. The basic premise of the Hindenburg Omen is worthy of contemplation. Extreme readings in the number of shares reaching new highs and shares reaching new lows simultaneously are the basic concept behind this signal of imminent market disaster. Full Story
By: John Mauldin, Millennium Wave Advisors - 21 November, 2010
The CPI was out this week, and it showed a continued drop in inflation. There were those who immediately pointed out that this vindicated the Fed's move to QE2. We have to get ahead of this deflation thing, don't we? Well, maybe, depending on how you measure inflation/deflation. This week we look deep into the BLS website on inflation to see just exactly what it is we are measuring, and then take a walk down Nostalgia Lane. But first we look at what I think we can call The Sputtering Economy, because that will tie into our inflation discussion. Full Story
By: Richard Daughty, The Mogambo Guru - 21 November, 2010
I get really tired of hearing how “inflation reduces the burden of debt,” which I say is a Gigantic Load Of Hooey (GLOH). And the fact that I say it with a loud, arrogant voice should convince you that I am absolutely correct, beyond the fact that I am obviously some kind of weirdo lunatic in a manic phase of some kind, in which case it would be dangerous to disagree with me about anything. Full Story
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