Individual investors who follow investment newsletters or even investing websites are inundated with recommendations on investment ideas. Most of us simply cannot plow money into every stock that’s touted as “the next best thing” so we examine some simple ways you can easily determine whether you should even consider an investment for your portfolio and how to decode the language of advisers, brokers, and newsletter editors. Full Story
By: The Gold Report and Bob Moriarty - 26 April, 2013
What is up—the Dow Jones Industrial Average and Standard & Poor's 500—will come down and what is down—gold equities—will go up fast, predicts the ultimate contrarian investor, Bob Moriarty. In this interview with The Gold Report, the president of 321 Gold proclaims that while all gold stocks are cheap right now, he expects a jump when the junior market turns. Those who turn their back on the market over the summer just might lose their best chance to get in at historic lows. Full Story
The latest warning sign on US equities came from the recent issue of Barron’s. A recent survey of big money managers showed extreme bullish sentiment. 86% polled were bullish on stocks over the next six to 12 months while only 7% were pessimistic. Meanwhile only 11% were bullish on bonds. The cover of Barron’s emphasized the view of the participants with its title “Dow 16,000” and picture of a bull, leaping away from a bear. In regards to Gold and commodities, 50% were bullish on commodities with 35% bullish on Gold. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 26 April, 2013
Don Draper, Mad Men's master advertiser likes to say "when you don't like what they are saying, change the conversation." When it comes to the current economic weakness, which was confirmed again today by the release of lower than expected GDP data, Washington would love do just that. Fortunately for them, they consistently outdo the master minds of Madison Avenue when it comes to misdirection. If the government doesn't like what people are saying, they don't bother just to change the conversation, they change the meaning of the words. Full Story
By: Adam Hamilton, Zeal Intelligence - 26 April, 2013
Gold stocks have to be the most despised sector in all the markets. Mainstreamers barely even know they exist, while even the vast majority of so-called contrarians scorn them. The sheer contempt for this sector is amazing considering gold stocks were almost certainly the best-performing sector of the past decade. This universal antipathy has driven them to panic levels, by far the markets’ best fundamental bargains. Full Story
The private-for-profit Fed’s Intervention in the Markets on behalf of their owners/shareholders, the Mega-Banks, is an old and ongoing story. Unfortunately, it is having several ongoing and worsening Negative Consequences including those Stockman points out, on Investors and Main Street in general. Full Story
I am reading a great deal of alarming information regarding impending economic collapse in the US. I feel sure that most of the predictions I read are based on facts, and ought to scare the living daylights out of all readers. What I fail to see is an explanation of the causes of this terrible, atrocious situation in which the US economy finds itself. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 26 April, 2013
Perhaps we don’t need the Federal Reserve, maybe what we need are gold’s chains of fiscal discipline. Perhaps the fiscal discipline of a gold standard needs to be imposed on our dear leaders. This question should be on all our radar screens. Is it on yours? Full Story
How much gold & silver might Arizona, Utah and the other states now involved in hard-currency laws come to need...? ARIZONA is moving to allow gold and silver coin to be used to pay debts, and – effectively – go shopping. This has already been approved in the state of Utah, and there is an assortment of other states that are moving in this direction as well. Full Story
What happened on Friday, April 12 and Monday, April 15 on gold and silver markets looked like a gigantic earthquake – a drop of about $200 (13%) for the yellow and almost $5 (18%) for the silver metal. There has been a lot of hyperbole going on. We even heard it said that a move of that scale would statistically only be expected “once every 4,776 years.” Going even further, John Kemp of Reuters calculates that, based on a normal distribution (by the way, market returns are not normally distributed), movements like this can be expected once in every 500 million trading days, or two million years. Sounds far-fetched? Full Story
What the precious metals market has seen over the last week in both silver and gold is a worldwide surge in physical demand as prices fell. This is what happens when the management of perception backfires. Full Story
In the recent Gold Basis Report, we published a graph showing the open interest in gold and silver futures (i.e. the number of contracts held at any given time). At the time of the crash and in subsequent days, the open interest number decreased only modestly in both metals. A number of people asked me the question: why did the numbers drop so little? Wouldn’t one expect to see a big drop? Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 April, 2013
Despite the well-engineered ‘bear raid’ conducted by some U.S. banks together with some hedge funds –which knocked the gold price back on its heels down to $1,344—the demand for gold from all over the world remains unabated. The fall in the gold price caused the physical buying of gold to surge everywhere and the gold price has begun to recover. Full Story
By: Jeff Thomas, International Man - 25 April, 2013
The countries of the developed world are experiencing a new class of refugee – members of the middle and upper class. These rungs of the socioeconomic ladder are realizing that their countries of residence are in many ways going rapidly downhill without much hope of a short- or medium-term reversal. This is particularly true for national economies, taxes, and regulations, and in terms of deteriorating individual liberty. Full Story
In this article I will argue that the recent slide in the gold price has generated substantial demand for bullion that will likely bring forward a financial and systemic disaster for both central and bullion banks that has been brewing for a long time. To understand why, we must examine their role and motivations in precious metals markets and assess current ownership of physical gold, while putting investor emotion into its proper context. Full Story
This current bottom is more like the bottom in 2008 after that 55% washout than any other bottom in the past three decades. I expect that now is a significant bottom, and we will see substantially higher prices over the next several months and several years. Unfortunately, I also expected the same after the June 2012 bottom. So, we’ll wait and see… In the meantime, go back and review the fundamental case for silver and gold. Full Story
As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes. As first reported here on April 9th, Comex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013. Most shocking however, is that Comex warehouse inventories are accelerating their downward plunge, with dropping inventories now spreading to the world’s largest fund depositories. Full Story
One of investors’ biggest fears over the Fed’s monetary stimulus (QE3) is that it will cause runaway inflation. While there are reasons for believing this fear could come to pass in the years following the upcoming 120-year cycle bottom in late 2014, the evidence suggests that inflation is not a concern in the 1-2 years ahead. Full Story
As a chartist, if the most recent Swingline Low of 1404 is taken out before the last Swingline High of 1438.8 is taken out; a new leg down on the chart is likely. A wild card might be if the European Central Bank decides to change course and start lowering interest rates. While longer term that would be inflationary, in the short term it might actually drive the US Dollar which would be bearish gold. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 25 April, 2013
Today's commentary by David Olive of the Toronto Star about Barrick Gold and its board chairman, Peter Munk, appended here, hauls out all the usual red herrings used against gold investment to suggest that gold's adherents are just doomsday cult members. Meanwhile Olive refuses to acknowledge the threat gold poses to central bank control of the world financial system and the enormous but largely surreptitious efforts central banks make to suppress gold's price. Full Story
By: Rick Ackerman and Chuck Cohen - 25 April, 2013
Our friend Chuck Cohen, a gold timer with a proven gift for knowing when to bet against the crowd, phoned the other day with urgent advice. Almost no one sees it coming, he said, but bullion is getting ready to explode. “It’s time to jump in head-first!” Chuck has been wrong before, and we’d all but tuned him out for the last eight months or so, since his bullish drumbeat went against the asphyxiating weight of bullion charts that have shouted “lower” since last October. Now, he says, the winning bet is to be short stocks and long gold and silver. Full Story
The moment there is another August 15, 1971-style event is the moment the window closes for Americans. Nobody knows exactly when that will happen, but it appears to get closer each week. You want to be internationalized before that happens. Capital controls is not the only thing you need to worry about if all your assets are within your home country's borders. There are rising taxes to consider… government asset seizures… creeping inflation… the list of threats is long and getting longer. Full Story
By: The Gold Report and Greg Orrell - 24 April, 2013
After the extreme volatility of gold in the last few weeks, OCM Gold Fund Manager Greg Orrell is more convinced than ever of the necessity of owning gold assets. In this interview with The Gold Report, Orrell lays out the rationale for buying these cheap gold stocks around the world, including California of all places. Full Story
The last three major bull markets of the Dow were followed by some type of economic crisis and a major bull market in gold. This is no coincidence, since these massive bull markets have been mostly driven by the huge expansion of the money supply. When this expansion of credit is exhausted, which always happens, the confidence in all things (like stocks) inflated by this expansion of credit fails, causing a massive economic crisis and a rush to gold. We are still in the midst of last one’s crisis. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 23 April, 2013
Unfortunately not many people in the monetary metals mining industry understand any of this, and if they don't understand something so elementary, why should people have the confidence to invest in them as Stoeferle, Fulp, and others recommend? After all, a few more "buying opportunities" like the current one and there won't be any monetary metals mining industry left, nor any investors in them. Full Story
Most investors cannot afford to tie up hundreds of thousands of dollars in real estate while waiting for it to appreciate, nor do they want to be bothered with the headaches of being a landlord. REITs offer an easy way for investors to profit from real estate without all the hassle. This article presents a top tier investment in the healthcare space. Full Story
Traders will be looking for a significant turnaround to the upside in price before entering long positions. However, a long-term, fundamentals-based trader has to look at the low price as a buying opportunity. I can't prove it, but I think the fundamentals will drive the long-term market more than these short-term events. The fight between pricing from the physical market for bullion and that from the "paper market" of futures is showing signs of discrimination and disagreement, as the physical market is booming, while prices set by futures are seemingly pressured to go nowhere. Full Story
What about the short term? I think a test of the $1400 area is coming, but not yet. First, I think gold will retest the highs near $1435. This chart also provides a closer look at the supposed “bear flag” pattern. I don’t see a flag at all. I see a bottoming process, fuelled by dwindling Indian scrap sales and central bank purchases. You should be ready to buy at $1266, but $1470 is the more likely price objective, in the immediate term! Full Story
There appears to be increasing stress and risk in the financial system. Apparently “they” are planning for an “event” that will require confiscating some customer deposits to RECAPITALIZE the “too big to fail” banks, gold bars are being removed from the Comex vault, the President met with important bankers and gold and silver crashed the next day, and people around the world responded to the lowered prices by purchasing much more physical gold and silver, instead of dumping them in a panic. Apparently those buyers saw value, not paper prices, and were not scared away by the naked shorts crushing the paper markets. For them it was an opportunity, not a disaster. Full Story
The “dreaded inflation” is measured in the mainstream by prices (CPI, etc.), not policy-making actions. Gold is a barometer and the pressure it would indicate could be inflationary or deflationary. If one day you see the gold price skyrocket, then be prepared for a coming (lagging) inflation problem that would indeed eventually show up in prices. This could propel commodities, resources, productive economies and even stock markets to new heights. If on the other hand gold just hangs around or declines, yet the ‘real’ price as measured in commodities rises again, the backdrop would be one of continued economic contraction and declining asset prices. Full Story
By: Steve Saville, The Speculative Investor - 23 April, 2013
There's a lot of confusion about money and about what does and does not form part of the money supply. Our goal in this short discussion is to reduce the confusion. We were prompted to revisit this issue in today's report by the first few paragraphs of John Hussman's 15th April missive. Although there aren't any glaring errors in Hussman's money-supply comments, they add to the confusion by failing to properly distinguish between bank reserves, electronic money ("bits and bytes") in bank checking and savings accounts, and physical currency (notes and coins) in circulation. Full Story
The gold bull is in a deep correction phase, the first in the 1999 to 2013 bull to date. The Aussie dollar has remained stubbornly high as our extensive research predicted this indicated many months back. This is exacerbating woes for many local miners. The dead cat bounce in the gold stocks is pathetic on the ASX, even worse than gold indicating further falls to come. Full Story
By: The Gold Report and Killian Charles - 22 April, 2013
Killian Charles, an analyst with Industrial Alliance in Montreal, isn't too concerned if the gold price hits $1,300 an ounce or even $1,000. He's more concerned with the gold breaking point. How low can the gold price go without breaking a project? Investors will be surprised to know that a wealth of junior miners are lean and mean enough to survive a pint-sized gold price. Charles talks with The Gold Report about the redesigns necessary to make it in this unforgiving market. Full Story
One of the influential media products of my rebellious teen-age youth (along with 007 and Playboy Magazine) was the irreverent social commentary provided by Mad magazine. After 57 years, Mad’s figurehead remains a goofy-looking, half-wit, pubescent boy who always maintains a sense of humor while the world collapses around him. His resolute ignorance is manifested via a ubiquitous quotation in every issue’s table of contents. Full Story
I was honored to be in St. Paul’s Cathedral attending Margaret Thatcher’s funeral last week. It was quite a special opportunity to pay tribute to Britain’s longest-serving prime minister in person, and the ceremony provided a reflective occasion on her influential leadership and unwavering conviction. As her country faced an economic crisis with high inflation, high tax rates and hundreds of mining strikes, the lady’s iron courage helped her make the difficult decisions that steered the United Kingdom to a more sustainable path. Full Story
By: Cambridge House International Inc. - 22 April, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Apr. 22, 2013) – Cambridge House International is pleased to announce the attendance of a team of world renowned investment managers, representing the Sprott Group of Companies, at the upcoming World Resource Investment Conference. Keynote speeches will be delivered by Rick Rule, David Franklin, Steve Yuzpe, Brian Mellum, and Dean R. Jensen. Full Story
Following the news that last week Arizona lawmakers passed a bill that will see precious metals become legal tender we thought this would be the perfect time to bring you a fourth installment of The Real Asset Report. Here we look at the moves several US states are making to move to sound money. Look out for the great infographic below. Full Story
Failure of gold’s key support at $1500 - $1550 triggered a stunning plunge as masses of stops were triggered. We can see what happened on the 6-month chart below. The plunge was the most severe since 1980 and was accompanied by colossal record volume, which is strongly bearish. It quickly lead to gold becoming critically oversold and it bounced later in the week as cheerleaders advised their readers to buy this “opportunity of a lifetime”. Is it? In this update we will consider the implications of this extraordinary breakdown. Full Story
By: Jeff Berwick, The Dollar Vigilante - 22 April, 2013
How is it possible gold goes down $200 in the paper market while there is almost no supply available to buy around the world? Last I checked, dwindling or completely absent supply against steady and increasing demand means higher prices, not sudden price drops. Quite simply, the paper market is being manipulated one way or another. Full Story
I was going to write this article several weeks ago but the move in gold took the spotlight and I had to put this on the back burner. Now that gold has settled down a bit I would like to show you some charts that pertain to the Risk On trade that are showing commodities entering a weak period. By the looks of some of the commodity charts it looks like some deflation is on the way. Even with all the money printing it doesn’t seem like enough to stem another round of weakening commodity prices. So lets see what the charts are telling us. Full Story
"The “coordinated smashdown of gold and silver” was on everyone’s mind this week, but is it true? Did the price of paper gold divorce from physical? Let's look at the data. Full Story
The cyclical recovery that began in March 2009 has been impressive but is getting long in the tooth. Investors wonder when it will end, and while this can’t be known with precision there are signs that its terminus isn’t far away. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 22 April, 2013
Nothing cheers the heart of a gold or silver bug like Vancouver in the spring, so consider joining the GATA delegation at Cambridge House's World Resource Investment Conference in that supremely beautiful city on Sunday and Monday, May 26 and 27. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 22 April, 2013
More than a week after the spectacular attack on gold began, the World Gold Council, nominally the representative of gold mining companies and gold investors, has grudgingly taken note of it with a statement dated Thursday and issued Friday by the council's chief executive officer, Aram Shismanian. Full Story
By: John Mauldin, Millennium Wave Advisors - 22 April, 2013
Two seemingly different questions and comments from readers and friends crossed my path the last few days, but I saw a definite connection between them. The first question was, Why do we pursue austerity when it seems not to work? And then many readers wrote to ask this week, What do I think about the real problems that are surfacing in the Rogoff and Reinhart assertion that debt above a ratio of 90% debt to GDP seems to slow economic growth by 1% (especially since I have quoted that data more than a few times)? We’ll deal with each question separately and then see if we can connect the dots. Full Story
What an amazing week! I doubt we will ever see such moves in gold again. We awoke to a minus $100 print Monday morning after overseas trading. That is exactly why I almost always avoid trading gold products. The overnight risk is too much and doubly so in a volatile market which is my favorite kind of market. Full Story
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