As we enter a new decade we are compelled to point out what, in our opinion, is the “Lost Decade” of the United States. The financial media, brokerage houses and advisors have done a good job promoting the opportunity of owning US Equities, and as a result the average investor continues to wait and hope that their cookie cutter, simplistic investment strategies will provide for their future. Full Story
By: Andrew Mickey, Q1 Publishing - 27 November, 2009
The Associated Press calls them “fully invested bears.” It’s the most unique phenomenon of this rally. They are the large and successful group of investors – both individual and institutional – who see the economic reality around them and are naturally bearish. However, they’re still fully invested. Full Story
It really is a war of this proportion. It really is the Gold holder versus "The State" when there is a paper fiat currency system in place. The U.S. Mint has suspended American Gold Eagle coin production AGAIN, citing rising demand (link here). Full Story
Emerging stock markets around the world will undergo a risk reassessment after the news of a $59 billion debt payment suspension in Dubai, and a correction from current market highs looks inevitable. These overbought markets are very vulnerable to sudden shocks. Full Story
My parents lived through the roaring twenties and the great depression of the 1930s. Like so many others, they blamed the fall guy, Herbert Hoover, for the Great Depression; and voted for Franklin Rosenfeldt/Roosevelt as the great savior of the United States. Full Story
The investment world is a risky and confusing place right now. Part 1 of this article (The Next Crisis: Spiralling Inflation) detailed the reasons why the next stage in the financial crisis will almost certainly be spiralling inflation. This article (Part 2) provides a solution for investors who are looking for a way to shield their hard-earned wealth from the destruction of high and uncontrollable inflation. Full Story
I believe the key factor behind this week’s gain in gold is due to the market place coming to terms with the fact that the US Fed has no immediate plan in place to raise US interest rates, at least anytime soon. Full Story
Below are some questions from my dear readers and even dearer subscribers who are so gracious in their questions and statements to me, and have so much patience with my tardiness in responding sometimes, as well as missing the occasional weekly letter. It amazes me how many people write in wondering what’s up and if things are ok if I miss a letter. Thank you very much. Full Story
We are staring at a nascent but potentially and probably startling increase in the price of gold and precious metals mining stocks and warrants. Gold will reach mind- boggling levels because the actions of our political leaders and their academic and credentialed enablers are virtually guaranteeing it with their current actions. Full Story
The dreaded “L” word – liquidity – has once again become the word to explain every major movement in every major asset class. Don’t understand why equities are outpacing the fundamentals – liquidity! Can’t grasp why crude oil is up even though the demand outlook remains exceptionally weak – liquidity! Baffled by low or negative U.S. bond rates, the surging price of gold, and the booming Chinese real estate market - liquidity, liquidity, liquidity! Full Story
ON 18 SEPTEMBER 2008 – three days after the collapse of Lehman Bros. – US regulator the Securities & Exchange Commission issued what it called an "emergency order" banning the short-selling of 799 financial stocks. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 25 November, 2009
Over past years, we at Euro Pacific have taken an increasingly jaundiced view of paper currencies and written repeatedly about gold as an alternative. Along the way, we have urged investors to consider both the security and physical accessibility of their gold investments, and have advocated for at least some holdings to be in physical form. There are those who may have felt our views were overly cautious, even alarmist. Now, however, it is increasingly clear that major investors, including even central banks, are following our advice. Full Story
The Chinese government is telling people gold and silver are good investments that will safeguard their wealth. After last year's meltdown in the stock market, people believe it. After all, Chinese citizens don't receive government retirement money... and they don't have company pension plans like people in many other countries do. Full Story
By: Bob Chapman, The International Forecaster - 25 November, 2009
Investors buy gold when there is inflation and when there is a flight to quality. They buy gold when they no longer trust currencies, due to government or central bank profligacy. Due to those and other reasons gold has broken out to new highs. It could well be that gold may never see $1,000 again. Full Story
For years now, (at least since the U.S. Congress authorized establishment of the Working Group on Financial Markets in 1987) the evidence has become increasingly convincing that a Fed-led Cartel* has been intervening in most Major Markets, and not just in the Gold and Silver Markets. Full Story
Gold is now pushing deeply into critically overbought territory on its RSI indicator, so consolidation/correction can be presumed to be imminent. Look for the gap with the 20-day moving average, shown on our 1-year chart (the green line), to be closed in the near future. Full Story
Summing up, apart from points raised in my previous essay, additional signals pointing to looming correction come from silver and PM stocks. The momentum is strong, so the correction may not materialize today or tomorrow, but based on what we see today, it seems that the temporary top will be reached within the next few weeks. Full Story
The real bubble is the FRN$ and demand is showing the first significant hints of declining. After all, it is becoming the carry-trade currency. Americans with the monetary metals will be as fortunate as Vietnamese because all the barbarous relics of fiat currencies are evaporating. The Great Credit Contraction has arrived and grinds on. Full Story
Does this portend the end of the gold boom around the globe? Will economic depression cast a long shadow over the now bouyant global gold market? Some think it might. However, the Dubai gold market has always been mainly focused on the retail jewelry sector that was resilient in bad times for the price of gold, and it may just be that the reverse also holds true and that a high gold price is not necessarily good for Dubai jewelers. Full Story
Gold and silver have a 6000 year history for their use as a currency, and until the last century, the price of gold and silver maintained a healthy valuation ratio of 1 ounce of gold to every 15 ounces of silver. This purchasing power ratio is strengthened by the fact that there are 17 ounces of silver for every 1 ounce of gold in the earth's crust, although physical silver stocks have dwindled, as the metal is used in a wide variety of industrial applications. Full Story
For the last several months, information from the Rothschild Cabal insiders, that I follow, suggested that the Cabal has been having some problems manipulating the value of both the US dollar and gold. In bringing this matter up, I am not implying at all that the Cabal has lost control of these markets. As far as I am concerned, the Cabal is still running things. Full Story
By: Rick Ackerman, Rick's Picks - 25 November, 2009
The Wall Street Journal’s op-ed page is probably the only place left in America where Wal-Mart’s predatory pricing model is viewed, without irony, as a good thing. Of course, the Journal doesn’t see it as predatory at all. In the eyes of the newspaper’s piously pro-capitalism editors, Wal-Mart’s everyday low prices are freeing up more disposable income for the working man. Full Story
Not in the last few years have conditions been aligned for a truly explosive upward move in the gold & silver prices. A confluence of factors simply could not be more bullish, promising, and powerful. The psychology has also been raised in awareness on a global basis, as financial centers, media networks, and common folks have coordinated their recognition of the gold bull. Full Story
By: The Gold Report and Lawrence Roulston - 24 November, 2009
With perhaps a short-term correction in store for gold, Resource Opportunities editor and publisher Lawrence Roulston is leaning toward base metals for more impressive gains in the coming months. And as he tells The Gold Report readers in this exclusive interview, the growth outlook for base metals doesn't rely solely on flourishing demand from developing nations. Full Story
The central bank of the United States, the Federal Reserve, is under intense scrutiny for its unprecedented actions following the 2008 financial crisis. Amidst the carnage of the financial crisis and real estate crash, Congress has taken a fresh look at the actions of the Federal Reserve on the economy. Full Story
By: National Inflation Association - 24 November, 2009
The Dollar Bubble starring Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Prepare now for the U.S. dollar collapse. Become a member of the National Inflation Association. Full Story
Since up is down and left is right in an anchorless fiat currency world, one must keep a perspective on things. As a Gold investor, I am not exactly bullish on the U.S. Dollar. However, I also am not bullish on other international paper currencies, either. Full Story
The train left the station with gold stock prices on board as we predicted months ago but fear not if you are not already aboard as there are always “stops” (read that as “dips”) along the way. These dips should be bought because the rally is running along nicely and you know what they say... the trend is your friend. Full Story
On November 22, 2009 I delivered some remarks after a rally and march at the Federal Reserve Bank of Philadelphia. Following my return from China, this was the first time I had the chance to speak publicly on the transition phase to sound money, and while there are plenty of FED critics, it is still rare to find solid ideas on how best to replace the FED, and furthermore, how such a transition be accomplished. Though stymied by government interventions in the short term, I believe the free market will win out in the long term. Full Story
Gold remains undervalued, even at its current price of $1,150 an ounce. One signal of this is that at current market prices of gold, the notes of the FED – its dollar bills – are not fully-backed by gold. That is to say, gold’s price is lower than the Zero Discount Value (ZDV) of gold by a wide margin. Full Story
By: Steven Saville, Speculative Investor - 24 November, 2009
Fed rate hikes have preceded every major decline in the US stock market over the past 80 years. This doesn't mean that every Fed rate-hiking campaign has been followed by a major stock market decline, because that certainly isn't the case. Rather, it implies that while a Fed rate-hiking campaign will not necessarily bring about a major stock market decline, it could, under the current system, be a prerequisite for such an event. Full Story
JK Galbraith’s statement that complexity is used by modern economics to confuse the truth about money is a fact. Simply put, bankers replaced money with credit and debt in order to profit by the indebting of others. It’s why bankers are now so rich. It is also why others are now so poor. Full Story
Gold is soaring, hitting new record highs almost daily. This C rise is going strong. Our initial $1200 target level for this year's rise has nearly been reached, but gold could go higher. This is good news for all of us who have been invested in gold for the past eight years. But even for those of you who invested in more recent times, gold has been a good and profitable investment. Full Story
By: Rick Ackerman, Rick's Picks - 24 November, 2009
Having waited patiently since May for Comex Gold to reach an important target at 1174.90, we are naturally interested in what comes next, since the December contract peaked yesterday at exactly 1174.00. We say “peaked,” and while this is technically correct because an $11 selloff ensued, that’s hardly enough pain to have sent gold bulls into fits of panic or despair. Full Story
Nouriel Roubini warns that an asset bubble is building as money chases commodities. Asian countries are considering capital controls to stem the inflow of hot money. The Wall Street Journal reports that rare coins are soaring at auctions, with a single penny recently breaking the $1 million barrier. U.S. stocks and crude oil are up 60% and 105%, respectively, from their post-crash lows. And of course gold is at a record high. Full Story
By: The Daily Crux and Marin Katusa - 23 November, 2009
The best remaining deposits are deep underwater like in the Gulf of Mexico or offshore of Brazil, in state-controlled or politically unstable areas like Iran and Venezuela, or experiencing dramatically falling production like Mexico. There are also huge oil-sands deposits in Canada, but these are more expensive to extract – anywhere from $35-$40 per barrel for existing production, up to $65 or more for new production… Full Story
By: Dr. Ron Paul, U.S. Congressman - 23 November, 2009
I was pleased last week when we won a vote in the Financial Services Committee to include language from the Audit the Fed bill HR1207 in the upcoming financial regulatory reform bill. As it stands now, if HR 3996 passes, because of this action, the Federal Reserve’s entire balance sheet will be opened up to a GAO audit. We will at last have a chance to find out what happened to the trillions of dollars the Fed has been giving out. Full Story
The news could not be worse considering the economy is constantly touted to be recovering by a price / expectation managing bureaucracy and sympathetic media. From bursting bailouts to bulging budget deficits to growing needs to crashing consumer credit – observers are subjected to a constant flow of bad news. Full Story
On Oct. 12, 2009, Paul Krugman, columnist for the New York Times (Op-Ed Page) did his column attacking the gold standard and defending the bankers privilege to create money. This was such a perfect exposition of the lies of our age that it bares closer examination. Full Story
If I am correct, then the next phase of monetary history would almost certainly involve an informal or formal recognition of gold as a monetary reserve asset by central banks. Gold would then be revalued at a much higher level of purchasing power relative to recent history. Full Story
Goldcorp’s $238 million acquisition of gold junior Canplats last week is a reminder of the next phase of the gold price boom in which the largest gold companies will buy out the minnows of the industry. Full Story
By: Rick Ackerman, Rick's Picks - 23 November, 2009
In the Rick’s Picks chat room, where the focus is sometimes obsessively on gold, the meaning of “long-term” can range anywhere from 90 minutes to about three hours. Small wonder, then, that whenever Comex precious-metal futures hit an air pocket and briefly plunge, the shock waves wash over the room like a tsunami. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 November, 2009
Gold is higher than ever before and is still climbing. Many investors are waiting for a fall in the gold price, because they are looking at the past market shape, that has not factored in the major sea-change in the shape of demand. Even many institutional analysts have not realized just what has happened to the market and turn only to their charts to decipher the next moves. You our subscribers, we hope, have realized from our writing and forecasts that a great deal more is still to come in this gold market in the years to come. Full Story
The uptrend in gold is now approaching the moment of truth. The gold price is nearly 5% above the upper boundary of the uptrend channel breakout point and approaching the point where it must either pull back to test support at the channel boundary (previous resistance, new support) or else we’ll have a “channel buster failure” on our hands. Full Story
Market rallies do not always end with the trumpets sounding and horns blazing. A major reversal may look more like an oil tanker coming to a halt, and last week had most of the tell tale signs that you would expect to see. Full Story
By: Bob Chapman, The International Forecaster - 22 November, 2009
There is now no question that the Fed is in the process of massively devaluing the dollar, which is an insidious and subtle way for them to tax and confiscate your dollar-based wealth. This will lead to a much higher cost of living and diminish purchasing power as foreign imported goods rise in cost. Full Story
By: Bill Murphy, Le Metropole Cafe, Inc. - 22 November, 2009
Another fabulous day for gold. Despite a strong dollar and a weak stock market, gold managed a solid close into new all-time high ground, coming back from a PLAN A Gold Cartel assault. The positive gold action stood out most of the Comex trading session, but was particularly radiant on the Comex bell. It popped $2+ as a number of shorts panicked to get out of their positions going into the weekend. Full Story
Yesterday Congressman Ron Paul's bill to complete a full audit of the Federal Reserve for the first time in 96-year history has narrowly avoided total defeat. The Federal Reserve is a quasi-private banking cartel owned by the banks with its Chairman nominated by the President that controls interest rates and the money supply. Full Story
By: John Mauldin, Millennium Wave Advisors - 22 November, 2009
Where the Wild Things Are is a beloved children's book and now a beautiful movie. But in the investment world there are really scary wild things lurking about in the hidden recesses of the economic landscape. Today we look at one of the unintended consequences of the Federal Reserve's low interest rate policy. Full Story
Decide which way of default is most likely. Then decide when. Then plan accordingly. Or you can do what the policy-makers do. Kick the can. Most people do. But then, one day, there is a day of reckoning. However, until then. . . . "We'll have fun, fun, fun till the market takes our T-bills away." Full Story
All the precious metals are strongly bullish at the moment. Gold is seeing accumulation on sideways moves now instead of corrective moves. The action is more bullish than I would have imagined at this stage in the secular bull market. We have a long road ahead of us in terms of how high the price will ultimately go. Full Story
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