By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 May, 2011
Gold fell from $1,578 to $1,492 [5.45%] in the fall. In the euro it fell from €1,065 to €1,042 [2.16%]. The fall of gold in the euro painted a more accurate reflection of supply and demand, because the dollar rose against the euro, as gold was falling. This was simply a correction, provided the gold price has stopped falling now. A fall of 10% is a proper correction and a mid-trend correction fall should be around 20 to 30%. Full Story
By: David Galland, The Casey Report - 27 May, 2011
As a young man in a foreign land, my curiosity was piqued by the crowd standing five or six deep in a circle. On pushing my way forward, the focus of the crowd’s attention quickly became apparent – a fight, although for reasons I’ll explain momentarily, “fight” is not the right word. Full Story
For nearly 30 years we have had two Global Strategies working in a symbiotic fashion that has created a virtuous economic growth spiral. Unfortunately, the economic underpinnings were flawed and as a consequence, the virtuous cycle has ended. It is now in the process of reversing and becoming a vicious downward economic spiral. Full Story
The year 2011 to date has seen its share of ups and downs in the financial market, yet nothing like the volatility of 2010 has made its appearance. With an important long-term yearly cycle scheduled to peak in just a few months, this would be a good time to look ahead as we try to discern what the balance of the year will bring. Full Story
By: The Gold Report and David Skarica - 27 May, 2011
Gold is in the midst of a 20-year upward climb, according to The Great Super Cycle Author David Skarica. In this exclusive interview with The Gold Report, he outlines the economic swing that could impact emerging market small caps in the future. Full Story
"I can see another crash coming," said UK coalition Cabinet member Vince Cable this week. Sage words no doubt, from the man who began warning that UK banks would hit trouble in...umm...late 2007. Now, again, he thinks the crash will come in banking...and he thinks it will come due to a lack of regulation. Full Story
By: Adam Hamilton, Zeal Intelligence - 27 May, 2011
While the stock markets have enjoyed an outstanding busy season, the dreaded summer doldrums are now upon us. This vacation season usually heralds listlessly-grinding markets, sometimes significant selloffs, and rarely meaningful rallies. The stock-market technicals heading into summer greatly influence which outcome is most likely in these coming lethargic months. Full Story
Summing up, the short-term situation remains bearish for the USD Index and bullish for the Euro Index, which makes the short-term picture for the precious metals bullish as well. Full Story
As Adam Smith explains, the free market brings its wonders to the world by virtue of an invisible hand. Individuals cooperating under the international division of labor and seeking generally to satisfy their own wants end up promoting the general welfare, often without intending to or without realizing it. Full Story
My favorite form of technical analysis is intermarket analysis which is the comparison of various markets and sectors. All markets relate in one way or another. The current market cycle is being dominated by macro-related events. Since all markets have had a stronger link than in the past, it makes intermarket analysis very important. By analyzing markets in the context of one another we can decipher or confirm the cycles within the current secular trends. Full Story
By: Jeff Berwick, The Dollar Vigilante - 27 May, 2011
Anyone aware of the US Government's real financial situation knows that time is running out. The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or 'honest accounting', is over $70 trillion. $70 trillion divided by 300 million+ Americans works out to $233,000 per person in US Federal Government debt and obligations. Or nearly $1 million per family of four. Full Story
Over the past few weeks, we have spent a lot of time digging into the macro data pertaining to the world’s developed economies. After careful analysis, our research has convinced us that quantitative easing (money creation out of thin air) will not end anytime soon. Full Story
By: The Energy Report and Adam Michael - 27 May, 2011
Platform Advisors Founder Adam Michael searches the globe for oil and gas discovery stories with established cash flows that support share value in reasonably secure political environments. Adam talks to The Energy Report about the economic pressures on oil prices in this exclusive interview. Full Story
From the beginnings of the Japanese nuclear crisis at Fukushima, www.analysis-news.com has followed events there to make reports to subscribers. While much of the focus has been on reported health effects and natural remedies to possibly deal with the crisis, there have been a continuous series of reports showing the absolute lies and deception emanating from TEPCO (Tokyo Electric Power Company), governments (like the US and Japan), and of course the Rothschild controlled media. Full Story
Our end-of-world date came a few days later than preacher Harold Camping’s, but it looks like we were both wrong. Unlike Camping, we were not so much concerned with the wrath of God — which, one fervently hopes, has been amply vented by the spectacular irruption of natural disasters visited upon the planet and humankind lately. Full Story
By: David Galland, Managing Director, Casey Research - 26 May, 2011
While there are many reasons that gold and silver are going to keep moving higher as the fiat currencies trend lower, at our recent Casey Research Summit in Boca Raton, faculty member Mike Maloney pointed out a fact that, while obvious in hindsight, I had never heard mentioned previously. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 26 May, 2011
Concerns about climate change, carbon footprints, energy security and the rising cost of fossil fuels spurred a revival of interest in nuclear power generation. In early 2010 we saw the start of a of a global civil nuclear renaissance. It was derailed when the unfortunate Fukushima-Daiichi nuclear power plant accident paused the renaissance for reactor safety inspections. Full Story
Unbeknownst to most investors in the North American markets, the Spanish went to vote over the weekend. Their votes proved that there will be no end to the European debt crisis. When the markets opened early for Asian trading, the results of the election were immediately priced into paper currencies, especially the Euro, as well as real currencies, gold and silver. Commodities took a dive with the Euro, which was largely to do with institutional investors waking up to the sad reality of a continental banking system: you can’t please everyone. Full Story
By: Jason Hommel, Silver Stock Report - 26 May, 2011
For over 100 years, silver has been demonetized -- meaning, silver is no longer used as money, which reduces demand, which has reduced value, which makes it a perfect undervalued asset. For over 66 years, since the end of WWII, silver has been consumed in industry, mostly in electronics, to the point that most of the silver ever mined in all of human history has been consumed. This reduction and consumption of supply has made silver more rare, and has created a potential natural monopoly for those who buy silver now. Full Story
Rising U.S. Equities Markets from the September, 2002 low (or for that matter, the March, 2009 low) through the May, 2011 highs lulled some investors and several commentators into believing that they had Real gains as of May, 2011. Unfortunately, when properly measured, many of these Ostensible Gains actually are not. Full Story
In my latest dispatch to subscribers, I tried to describe the favorable set up for higher prices present in silver and other metals markets. That favorable set up may be in the process of unfolding. This set up was created, particularly in silver, as a result of the engineered takedown we just experienced. Having already discussed what may develop from this point, I would like to vent a bit about what just occurred. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 26 May, 2011
Bernard von NotHaus, creator of the Liberty Dollar, was convicted in March in federal court in North Carolina of three federal felonies related to his issuance of a private currency in gold and silver. The prosecutor claimed that the U.S. Constitution gives the U.S. government exclusive power to mint any type of coin or paper to be used as money. And though the Liberty Dollar coins were not imitations of U.S. coins, von NotHaus also was charged with counterfeiting and conspiracy. Full Story
Yesterday’s rally in the broad averages presented a dilemma for us, since we’ve been short the E-Mini S&P futures from 1358.25 and had a paper profit of $2800 per contract at the intraday low. Even more problematical was that we fully expected the futures to reverse direction from within a hair of that low, and to do so sharply enough to warrant initiating a long position there. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 25 May, 2011
Yesterday GATA Chairman Bill Murphy and your secretary/treasurer met in Washington with U.S. Rep. Ron Paul, R-Texas, chairman of the House Subcomittee on Domestic Monetary Policy and Technology, and two of his staff members. We reviewed GATA's work and the information produced by our recent successful freedom-of-information lawsuit against the Federal Reserve and urged him to press the Fed for accountability, particularly in regard to its manipulation of the gold market, its involvement with the U.S. gold reserve, and its secret gold swap arrangements, the latter admitted to GATA by Fed Governor Kevin M. Warsh as we began our litigation in 2009: Full Story
It is not clear whether the American financial community has the ability to observe and conclude that the US Federal Reserve is adrift and relies upon deception as policy in revealing its directions. Its position is to hold steady, inflate to oblivion, support financial markets in heavy volume secretly, and lie about leaving its trapped policy corner. The USFed is a propaganda machine that deals with ruses as a substitute for transparent policy discussion in the public forum. Two years ago the ruse disseminated widely was the Green Shoots of an economic recovery that had no basis at all. Full Story
Siddharth "Sid" Rajeev isn't a miner. But in his search for value, Sid, head of research for Fundamental Research Corp. in Vancouver, digs deep into the world of small- and micro-cap stocks to find undiscovered gems. Sid talks to The Gold Report in this exclusive interview. Full Story
TIME WAS, the past was another country, as L.P.Hartley wrote in The Go-Between. Because "they do things differently there." Thanks to the shipping container, fast-food, Facebook and the academic conference circuit, however, foreigners all do and think and wear pretty much the same things these days. Whereas the past has jumped into a parallel universe... Full Story
Shifting technology, energy and defense needs along with volatile global economic and political pressures are changing the supply-and-demand equation for rare earth and strategic metals, opening opportunities that didn't exist a few years ago. Full Story
By: Bob Chapman, The International Forecaster - 25 May, 2011
We believe that for the past 2-1/2 years the price of gold has been mainly driven by a flight to quality, as gold vied with the dollar for supremacy, as the world’s reserve currency. As we have witnessed gold has won that battle. The only way the dollar or any other world reserve currency can compete is by being backed 25% by gold. The elitist’s royalty of Wall Street and the City of London are quite upset with these developments, because they want all currencies to be fiat, so that they would not have to have a gold backed international monetary unit. Over the last six months another historic factor has come into play in evaluating gold versus currencies, and that is the interconnectivity of gold’s relationship with inflation. Full Story
By: Chris Wood, Casey Extraordinary Technology - 25 May, 2011
A new war is being waged – a war that is not fought with guns, missiles, or human soldiers, but with code in cyberspace, using computers and the Internet. It’s a war on all fronts – by governments against governments, governments against corporations, organized crime and insiders against both, and even individuals against other individuals (which is more often dubbed cybercrime, but that’s not a necessary distinction for our purposes). Full Story
By: Jeff Berwick, The Dollar Vigilante - 25 May, 2011
Currencies rarely ever move more than 3 or 4% in any given month but there is one currency that has skyrocketed. It's a new, digital currency called Bitcoin and it could very well be the future of money. Full Story
Bullion futures could still have one last relapse before the correction from early May’s record peak has run its course, but odds of this occurring are diminishing by the day. We told subscribers Monday night that Comex June Gold would be out of the danger zone if it closed above 1528.70 yesterday. In the actual event, the futures got as high as 1529.00 – three ticks above our minimum target – but they were unable to sustain altitude and dropped back $9 before getting second wind. Bulls seized the advantage by recouping about half of the loss as the session drew to a close. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 May, 2011
The silver market is still reeling from its fall from $50 to $34 over a very short time. The move was driven by at least one investor selling around 1,000 tonnes of silver over a two week period. Silver had climbed quickly from around $25. The charts supported a rise to $29, but as silver went higher, it climbed out of technical range into new territory. All the time thereafter it was vulnerable to a selloff back to support around that level. Full Story
Numerous commentaries in the media, both on television and in print, would have us believe that gold is a bad investment. Headlines warning investors to avoid the yellow metal are commonplace. Examples such as “Five reasons not to own gold”, “Gold is in a bubble”, “Gold as an investment - think again”, “Gold is a bad hedge”, “Gold is a pointless rock,” and “Why gold is a bad investment” can be found with a simple Google search on gold and investment. Full Story
On the above HUI (gold stocks) seasonal chart, it appears that we are right before a considerable rally that would likely take place until the end of the month. It doesn’t seem that gold stocks will move to or above their previous highs (as seen on the above chart), but nonetheless a rally appears likely. Full Story
In spite of its success in bestowing wealth on some men while funding an unnecessary war, [1] the National Banking System proved unsatisfactory to financial leaders. (See “Who Paid for the Civil War?”) Even with laws discouraging or restricting redemption, crises still occurred, and banks had to contract and deflate to survive. Full Story
Question: If the US is to maintain it’s quantitative easing (QE) policy by at a minimum reinvesting the interest from maturing bonds, which should still be enough to keep official interest rates subdued for a while, then why would the dollar ($) rally in coming months? Answer: Because major US trading partners will begin to debase their currencies at even faster rates, making the $ more attractive. Full Story
Repetition of exercise is a key to victory in athletics. Repetition of key points (and actions) is a key to victory in the market, so let me repeat a couple of these key points. The policy of “rates to zero” failed to end the crisis, yet it continues as policy. Full Story
The World Gold Council (WGC) released its quarterly “Gold Demand Trends” report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew 11 percent to 981.3 tons during the first quarter of 2011, worth $43.7 billion at quarter-end’s price levels. Full Story
U.S. Treasury Secretary Geithner has warned that delays in extending the U.S. debt ceiling may cause irreparable harm. While borrowing costs for the U.S. government have not yet risen, irreparable harm may have already been done to the U.S. dollar and its status as a reserve currency. Ironically, it’s not a plunging, but a rallying bond market that is a symptom of the problem. Let us explain. Full Story
By: Steve Saville, The Speculative Investor - 24 May, 2011
The price of gold is dominated by investment/monetary demand to such an extent that nothing else matters as far as gold's intermediate- and long-term price performance is concerned. Investment/monetary demand is probably also the most important driver of silver's price trend, although in silver's case industrial demand is also important. In addition, changes in mine supply have some effect on the silver market, because unlike the situation in the gold market the annual supply of newly-mined silver is not trivial relative to the existing aboveground supply of the metal. Full Story
Economic cycles, like weather, run in seasons. In this exclusive interview with The Gold Report, Longwave Group Founder Ian Gordon explains why he believes the world economy is in the "winter" portion of an approximate 80-year cycle and how the financial excesses of the past 60 years are now being wrung out of the system. Full Story
Global Resource Investments Founder Rick Rule likes to look for unpopular investments because that usually means the prices are cheap. Today, that means oil, natural gas, uranium and geothermal. In this Energy Report exclusive excerpt from his talk at the Casey Research Conference in Baton Rouge, Rule explains the global forces that will lead to big payoffs in undervalued energy stocks. Full Story
Doug Graham, a frequent contributor to Rick’s Picks, finds striking similarities between the U.S. economy today and that of 1980s Japan just before the bottom dropped out. Can we change the big picture in time to prevent an economic collapse? Not likely, says Doug, who saw clouds gathering over Tokyo a generation ago, when he worked for a Japanese firm as a sales liaison to Compaq Computer in Houston. Full Story
DOES THE demand for gold automatically fall if interest rates rise? Other things equal, the answer ought to be yes. Better returns on cash raise the opportunity cost of buying gold, thus dampening demand. But other things are seldom as equal as they are in economic theory. Full Story
The federal government once again has reached the limit of its legal ability to borrow money, meaning it cannot issue new Treasury debt without action by Congress to increase the debt ceiling limit. As of this month, our “official” national debt- which doesn’t include the staggering future payments promised to Social Security and Medicare beneficiaries- stands at $14.2 trillion. Full Story
Once again the lovely Miss Puddy and I headed out of the country for another adventure. Last month we visited the Dominican Republic. For those of you who are not quite sure where it is located, the DR is on the eastern half of the island of Hispaniola. (Hati is on the western half of the same island.) Full Story
Gold is riding high now and its price will move higher as more economic data confirms the US economy will remain sluggish for the foreseeable future. Gold regained the $1500/oz level since dropping from its all-time high of $1577.40 on May 2nd. The week-long sell-off in gold early this month was modest compared to price drops of other commodities. But gold did not experience the parabolic rise of silver, oil, wheat and some other commodities over the last six months. Instead, gold has seen a steady rise in price, a long bull move dating back to January 2001. Full Story
It has not been a comfortable May for a Gold Bull however we have stood our ground in a most constructive manner here at GoldOz. It is all about how much you understand and how you handle the swings and roundabouts. Your actions alone can either lower your wealth or increase it by providing added leverage when the market turns back in your favour. What I am saying is that these pull backs can be used to increase your grip on this market sector or you can squander the opportunity by doing nothing, or even worse you can sell on the dip and exit at the wrong time. Full Story
The gold miner bullish stance depends upon periodic destruction of inflationists’ confidence. It depends upon the reserve currency not breaking down catastrophically but rather, catching the short covering bid. In this environment, gold will out perform nearly everything except for a time, the USD as it receives the knee jerk benefit of a speculating herd caught off side and seeking safety. A then very young NFTRH featured a Time Magazine cover during Q4, 2008, a time during which Robert Prechter led a whole host of d Boys back to the promised land as these very intelligent and well thought out people again went into full lecture mode: 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: Bill Murphy, GATA.org Peter Grandich, The Grandich Letter Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 22 May, 2011
The evidence of the last decade is that central bank gold sales are nothing for gold investors to fear -- that they signify the weakness of central banks, not strength. And now that central banks outside the U.S.-European market-rigging alliance are openly adding to their gold reserves, diversifying out of the U.S. dollar, the world reserve currency, gold investors and free-market advocates might respond to hints of U.S. gold sales with Clint Eastwood's famous dare: Go ahead. Make our day. Full Story
By: Bob Chapman, The International Forecaster - 22 May, 2011
The amount of money and people withdrawing from 401K’s has been staggering and Wall Street and government do not like it one bit. There are those who have been fired, run out of benefits, and half to cash in part or all of their retirement. The villainous ones are those still employed, who have taken up to three loans, many of whom have bought gold and silver with the proceeds. Full Story
By: John Mauldin, Millennium Wave Advisors - 22 May, 2011
I have been doing a lot of reading this week, and today we look at some of the thoughts that keep coming to my mind. We’ll think about the declining importance of economic theory (which is a tragedy) and then cast our eyes to Europe, where a truely tragicomic drama is being performed. Who needs the movies when you have the EU? There is a lot to talk about. Full Story
In 1903, a lawyer in Germany took out an insurance policy and made payments on it faithfully. When the policy came due in 20 years he cashed it in and bought a single loaf of bread with the proceeds. [1] He was fortunate. If he had waited a few days longer, the money he received would have bought no more than a few crumbs. Full Story
Inflation has certainly been all over the headlines lately. As the cost of basic materials and commodities has pretty much risen across the board, it was just a matter of time until this rise made its appearance on store shelves at a retailer near you. With prices at the pump squeezing motorists as well, the drive to the supermarket is as painful as watching your groceries being scanned at checkout. Full Story
China became the largest market in the world for gold bullion and coins in the first quarter of 2011, ahead of India, with the Chinese buying more than 200 tonnes of gold in the first four months, almost the same as the 240 tonnes bought in the whole of 2010, itself four times up on 2009. Full Story
Blinded by the glare of gold's rocketing rise over the last several years, investors may want to follow the leads of the major miners targeting the copper space, according to Kevin Puil, portfolio manager at Malcolm H. Gissen & Associates and senior analyst for its Encompass Fund. In this exclusive Gold Report interview, Kevin tells us that major gold miners increasingly want to diversify and are turning to the red metal on the opposite end of the economic spectrum. Full Story
It was another week of mixed markets where we did see some bottoms in stocks and US markets seem to have turned up thus far. Their not yet trending higher, but they look about to. The uncertainty of the end of QE2 coming in a little over a month is still weighing heavy as well as more issues over in Europe. It’s all par for the course though as the charts tell all, and usually in advance. Full Story
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