Another December and gold stocks have reached another extreme oversold condition. This was the case precisely 365 days ago and the precious metals complex, led by the miners rebounded strongly for nearly three months. A year later and the gold stocks are even more oversold. They’ve been in a bear market for more than three and a half years and in terms of price are very close to matching the worst bear market of all 1996-2000. Only time will tell if this is truly the end of the bear market but in any case miners have a shot to start 2015 off positively. Full Story
The story was that it was an accident. Fear spread and as soon as markets opened they broke again. The President called in all the bankers - the Fed. To spread the liquidity, reserve ratios were removed.
And they printed. Operation Extreme liquidity was implemented. Debt cancellation commenced. The banks were nationalized, but it was too late. Prices soared, people panicked.
A series of draconian civil clashes erupted and cities were put on lockdown. Shots were fired as the looting and crime spread across the world.
“Sound money” has a clear message recognized for centuries around the world. It describes the musical, metallic ring of a gold, silver, or copper coin dropped on any hard surface of glass, stone, wood, or metal. Sound money literally refers to real wealth, with a natural, unmistakable signature of honesty and integrity, as opposed to the swishy paper and plastic debt used almost exclusively today. Full Story
As 2014 comes to an end, precious metal investors overwhelming chose Silver Eagles as the clear winner. Not only did the sales of Silver Eagles hit a new record in 2014, the ratio to Gold Eagle sales were off the charts. In just five years, sales of Silver Eagles compared to Gold Eagles, quadrupled. Full Story
OK so what could work against the US dollar? Most currency experts think its rise-and-rise is a no brainer for 2015. Well perhaps some of the currencies that have depreciated against the dollar the most this year are due for a bounce back. The ruble has must managed to claw back from 80 to 50-55 to the dollar, what else is looking oversold?
As natural resources bounced all over the charts in 2014, readers turned to the experts interviewed by The Gold Report for insights on what was driving these ups and downs and how they could protect themselves or, better yet, benefit from the volatility. Below are some of the most popular experts featured during the year and some thoughts you might want to consider as you prepare for 2015. Full Story
With dashed expectations, losses in many investor accounts, and feelings of hopelessness towards metals and miners, many in the metals world were cut to the bone by the action of the metals and mining stocks in 2014. But, out of these 2014 ashes should rise a powerful phoenix in 2015 and into 2016. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 24 December, 2014
This author believes that the US and Europe are, or are in the process of becoming, mostly irrelevant when it comes to the demand side of the copper supply equation. Increased demand for the red metal in developing nations will more than make up for decreased demand in the western world. And when western economies recover, as they eventually must, then the supply squeeze will become even tighter. Full Story
There are many reasons for curious investors such as yourself to follow and care about the economic health of China and India, or “Chindia,” as the region is sometimes referred to. Fortunately for you, we closely monitor these two powerhouse markets and regularly report on them to keep you informed. Full Story
On his weekly podcast, Andy Hoffman discusses plunging oil prices, gold and silver, the Swiss National Bank, the FOMC meeting last week, holiday retail sales and manipulation of all markets. Full Story
Crude oil and silver prices have crashed before, and they will again. But the one constant in our financial universe that seems inevitable, for the foreseeable future, is increasing debt. Crude oil and silver prices will follow increasing debt. Full Story
As the end of the year approaches, gold is swooning a bit. That’s the daily chart for gold. A broad and gently sloping uptrend channel has been established, with very volatile price action between the channel lines. I expect gold to trade in this manner throughout most of 2015. Short term volatility will be high, but the price will trend higher. Gold is working off what is an overbought technical condition, and should be poised to stage a significant rally by early January. Full Story
This morning, the US Commerce Department released the Q3 2014 annual rate of growth number. The number shocked the analysts who had expected an upward revision to the previously released number of 3.9% but the average estimate was 4.3% growth. The actual number came in at 5.0%. Full Story
If you only paid attention to the mainstream media, you’d be forgiven for thinking that the US is going to get away from the collapse in oil prices scot free. According to popular belief, America is even going to be a net winner from cheaper oil prices, because they will act like a tax cut for US consumers. Or so we are told. Full Story
Gold’s up 12 per cent against the yen this year, 9.5 per cent against the euro and for Russian holders up 80 per cent. It’s been the perfect hedge in a very imperfect world of currency wars and money printing. Investors stocking up on bullion at current depressed prices know what they are doing. Full Story
Never before has the “chasm of destruction” between economic reality and manipulated financial markets been this wide; and likely, never will it again. The “853 points of infamy” the PPT managed to goose the “Dow Jones Propaganda Average” this week, amidst not only the “most laughable FOMC statement ever,” but a slew of ugly economic, monetary and geopolitical developments was truly a sight to behold. Full Story
We are in the dog days of December. This is a phenomenon that occurs per annum in the junior resource markets. To wit: there is a significant decline in stock valuations during the middle of the final month of the year. These annual downticks are driven mainly by tax-loss selling, but a contributing factor is an otherwise disinterested investor base as folks ready for the gifting and party season. Full Story
In an October 2008 op-ed in the New York Times, Warren Buffett famously advised: “Be fearful when others are greedy, and be greedy when others are fearful.” Whereas most investors during that time of financial panic were dumping their freefalling U.S. equities, Buffett was snatching them up at such great volume that he imagined his personal, non-Berkshire Hathaway portfolio would soon be composed only of domestic stocks. Full Story
Andrew Kaip, managing director of mining equity research at BMO Capital Markets, says the stark reality is that the precious metals sector is only part way through a down cycle and that structural issues will result in a fresh phase of consolidation. He adds that the small to intermediate producers will lead the consolidation charge. In this interview with The Gold Report, Kaip suggests some smart business decisions for the mining sector. Full Story
For Whom The Bell Tolls is of course one of Hemingway’s greatest works, something everybody should read in attempting to develop a discerning mind, filled with gripping themes and colorful imagery, sending powerful messages and lessons to readers that remain germane to this day. In this regard, and imagery that appeared not just in For Whom the Bell Tolls, but also in A Farewell to Arms, was the use of ‘automatic machines’ (machine guns) by the fascists, and how ‘fascist planes’ were especially dreaded because of their ‘killing power’. Full Story
Some years back, my wife and I embarked on a cross-country trip in our first motor home. Driving a 40-foot bus was a bit frightening at first. I was poking along in the center lane of I-75 and big tractor-trailers were whizzing past me. The bus came with a Citizens Band radio. I tuned in to channel 19, listened to the truckers, and sure enough they were complaining about my slow driving. So I announced myself, told them I was a rookie and asked for their patience. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 22 December, 2014
In a normal economic times falling energy costs would be considered unadulterated good news. The facts are simple. No one buys a barrel of oil to display above the mantle. No one derives happiness from a lump of coal. Energy is simply a means to do or get the things that we want. We use it to stay warm, to move from Point A to Point B, to transport our goods, to cook our food, and to power our homes, factories, theaters, offices, and stadiums. If we could do all these things without energy, we would happily never drill a well or build a windmill. The lower the cost of energy, the cheaper and more abundant all the things we want become. Full Story
Before getting to my main topic, Harry Dent's monetary delusion, we have been barraged with information over the last two weeks. Normally at this time of year we do not see much in the way of news whether it be financial or geopolitical, not so this year! In just the last two weeks we experienced some very strange combinations of news and actions. It was just last Monday when I connected many dots for you. Full Story
Gold traders were bullish for the fourth-consecutive week. The increased optimism related to gold prices stems from the recent turmoil in global markets as well as the continued dovish stance by the Federal Reserve. The Swiss National Bank introduced a negative interest rate on deposits this week. The move, aimed at relieving upward pressure on the franc, should make gold relatively more attractive than franc-denominated assets. Full Story
The performance of gold obviously depends on the U.S. economic condition and the Fed’s future actions. In the short run, the end of QE3 will most likely not change anything and gold will most likely decline on a dollar rally. It is likely to last as long the U.S. central bank credibility is at all-time heights. This is because gold can be seen as the reciprocal of central bank credibility. Thus, when central bank credibility is at a peak, gold is in the dumps. Full Story
By: Steve St. Angelo, SRSrocco Report - 22 December, 2014
As the price of silver fell to a new low in November, India imported a record amount of the shiny metal. Demand for the physical metal was so strong, India nearly imported the same amount of silver in the month of November that it did for the entire year in 2009. Full Story
Last week we learned that the key to a strong economy is not increased production, lower unemployment, or a sound monetary unit. Rather, economic prosperity depends on the type of language used by the central bank in its monetary policy statements. All it took was one word in the Federal Reserve Bank's press release -- that the Fed would be “patient” in raising interest rates to normal levels -- and stock markets went wild. Full Story
The recent decline in oil prices is considered a gift in the form a hidden tax cut for the consumer. Because people are spending less at the pump, they now have more money to spend on other goods. Due to the decline in energy costs, businesses have more money to invest in other areas, thus allowing their businesses to grow and expand, at an even faster rate. Full Story
By: Rick Ackerman, Rick's Picks - 22 December, 2014
Nothing in the technical picture has changed since we shouted “Buy T-Bonds!” from the rooftop in October. A commentary published at the time bore the headline Inflation, Deflation, and Our Very Confident Bet in T-Bonds. The bet has become even more enticing since then, mainly because even more investors have lined up on the wrong side of it. Wall Street, hedge funds, paper-shufflers, LBO artistes, TV pundits and economists all seem convinced the Fed will raise rates in 2015. Full Story
Peter Schiff - Summary: Peter Schiff and the host decipher the latest FOMC meeting statement on Wednesday in real-time. Dovish comments indicate that the anticipated rate hike will be postponed for the time being. Fabian Calvo - Summary: Nothing has changed since the last credit crisis, an economic reset is inevitable. Financial institutions are following the same steps - the complex system remains unstable; anticipate a tipping point in 2015-2016. Full Story
With 2014 winding down, now would be a convenient time to discuss the prospects for the financial market and economy in 2015. Year 2014 was in some respects a tumultuous year; from the slowdown in Europe and China to the collapse in oil and ag commodity prices, the deflationary undercurrents of the 60-year cycle was apparent this year. The long-awaited bottom of the 120-year cycle of deflation was finally made in October, and aside from some residual weakness still evident, the cycle bottom was a successful one. Full Story
By: Steve St. Angelo, SRSrocco Report - 21 December, 2014
Global silver mine supply this year may turn out to be less than the official estimates. GFMS released their 2014 Interim Report stating world silver mine supply is forecasted to increased 3.5% to 868 million oz (Moz) in 2014. They included a world map in their report showing the net change in production from various countries. Full Story
An eminent collapse of the US fiat petrodollar? China and Russia, with their enormous build-up of physical gold over the last several years, waiting in the wings to lead a new gold-backed currency? The growing BRICS alliance to unseat the elite’s Western NWO and its banking system? A growing likelihood on the first question, and no and no to the latter two questions. In fact, the elites are probably doing more to destroy the fiat Federal Reserve “dollar” than any other group or alliance. Full Story
A wild week for markets as they were very weak but then rallied hard and fast and did so without much of a break which meant I could never really pull the trigger and feel comfortable doing so, so I missed much of the rally higher. Full Story
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