By: Scott Wright, Zeal Intelligence - 28 December, 2012
Silver mine production is expected to come in at nearly 800m ounces in 2012, an all-time record and the seventh consecutive year of growth (per the U.S. Geological Survey). At 2012’s average silver price, this total represents a value of nearly $25b. There’s a lot of money to be made mining this shiny-white metal! Full Story
By: The Gold Report and Brien Lundin - 28 December, 2012
The past year was a very tough one for the junior gold mining sector. In this interview with The Gold Report, Brien Lundin, CEO of Jefferson Financial, says that the past year has, in fact, put many gold mining companies on the bargain basement shelf. He shares some advice on end-of-year portfolio repositions. Full Story
The EU has failed to recapitalize its banking sector, which still remains massively over-leveraged. They have not yet had their "Lehman moment" of truth. Furthermore, governments of the Eurozone adopted the Euro as a common currency in part because by doing so, they could collectively borrow at much lower interest rates than they were used to when they printed their own money. Full Story
The proposed forced Investment of Present and Prospective Retirees 401(K) Assets in U.S. Treasury Paper about which we earlier wrote, is now followed by yet another prospective attack on Retirees’ Security, and indeed on the Wealth Security of those who hold $US Denominated Assets. The Prospective Rigging of the CPI Calculation Protocol would , yet again, make the “Official” CPI even further removed from The Inflation Reality. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 28 December, 2012
Real new wealth, and an economic superpower, are only created when a countries resources are used to manufacture goods to sell at home and abroad - when a countries natural resources are used to provide solid long term high paying jobs. When people are working, and have discretionary income, economic stimulus results. The United States of America was an economic superpower for these very reasons. The US needs to regenerate and re-grow its economy - restart the process of generating new wealth - this creates jobs and brings national prosperity. Full Story
We have a Crisis of Trust in America and it has become so pervasive that it is paralyzing America's natural inclination towards risk taking and innovation. This Crisis in Trust is a direct result of Monetary Malpractice and the Moral Malady which it has inflicted on America. Full Story
By: Rick Ackerman and Cam Fitzgerald - 28 December, 2012
Inflationary pressures are not exactly rampant right now, notwithstanding the huge increase in the cost of living imposed on us by Obamacare. For your interest, we present below some observations with a deflationist theme that were left in the Rick’s Picks forum yesterday by Cam Fitzgerald, an occasional guest commentator here. In our opinion, he gets the big picture just about right. Full Story
This week has brought in some calm after recent declines in the precious metals sector. Everybody seems to be waiting for some more decisive moves (both in the markets and on the part of the government, as the “fiscal cliff” issue has not been resolved yet), but these are not very likely before the beginning of the New Year. Full Story
The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process. Risk analysis, cost trade-offs, and minimization decisions must be evaluated and executed. The toxic agent in global trade, global banking, and global bond market is the USDollar. Full Story
If the "World Snake Oil Salesperson Society" had a hall of fame, good old Uncle Sam would be a charter member. When it comes to smooth-talking folks into buying debt instruments, he's the slickest around. Full Story
This essay is inspired by a question we received from one of our subscribers. On December 2012, we published an essay on gold and the dollar collapse in which we pointed out why you might profit from gold even if the U.S. dollar doesn’t deteriorate completely. Today, we will elaborate on why we actually use the 1980 top in comparisons. Full Story
The recent falls in the gold price are absolutely nothing to worry about for long-term investors who have a gold price target way off the present scale, and this is a repeat of the take down in gold that happened in the late 1970s just before the big price take-off, says the 70’s gold king who made it all happen then. Full Story
By: The Gold Report and Leonard Melman - 26 December, 2012
Surveying reality from his perch on Vancouver Island, Leonard Melman is a veritable sage in the world of metal mining analysis. In an interview with The Gold Report, the economic philosopher is troubled about the direction of the global economy. However, there are a few bright spots for eagle-eyed junior metal investors, he reports. Full Story
Doug Casey is known around the world for many very good reasons. Among investors, he's well known for being a very successful speculator and author. More broadly, his unwavering support of human liberty and his criticism of institutions based on coercion as well as those who support them have made Doug a hero to many... and perhaps public enemy number one to some of those whom he criticizes. Full Story
On February 6, 2006, Ben Bernanke took an oath to the Constitution at his swearing-in ceremony as Chairman of the Board of Governors of the Federal Reserve System. The significance of this is that as a federal officer, despite being the front man for a privately owned, quasi government bank, he can be prosecuted for any violations of the Constitution that he swore to uphold. Bernanke is likely never to be charged with a crime against the constitution, but he is certainly guilty of malpractice. As a result of his untested and uncharted monetary policies, he has created broad based Moral Hazard and Unintended Consequences that have inflicted immeasurable and potentially fatal harm to the America he swore allegiance to. Full Story
Japan is following in the footsteps of the man who laid the groundwork for the greatest global inflationary operation of the modern era. We see the Yen in the top panel of the chart below forming a similar pattern to that which USD made from 2000 to 2002 as an epic bubble in credit expansion was being fomented in the US. Full Story
As long-time students of precious metals investing, there are certain things we understand. One is that, historically, the availability ratio of silver to gold has had a direct influence on the price of the metals. The current availability ratio of physical silver to gold for investment purposes is approximately 3:1. So, why is it that investors are allocating their dollars to silver at a much higher ratio? What is it that these “smart” investors understand? Let’s have a look at the numbers and see if it’s time for investors to do as a wise man once said and “follow the money.” Full Story
Merry Christmas to you, from the gold market! To receive your first present, please, click here now! You are looking at GDX, which I consider to be the best proxy of senior and intermediate gold stocks. Double click on the chart, to fully expand it. There are bullish technical non-confirmations “all over the board” here. RSI and the 4,8,9 MACD series are particularly impressive. These indicators are making higher highs while GDX makes minor new lows, which is extremely bullish chart action! Full Story
I believe that silver could go to $60 per ounce from today’s price of just $30 by the end of 2014. That would be double from today’s current prices in just a little over two years! I also believe silver will be the best single investment of this decade. The following article is focused on why I think that you should seriously consider having a significant percentage of your investment portfolio in silver. Full Story
Since you are reading this, you are well versed about what is wrong with the world. The flood of bad news concerning how we are all screwed is non-stop and has become pointless. It's time to redirect our collective attention. Full Story
As long-time students of precious metals investing, there are certain things we understand. One is that, historically, the availability ratio of silver to gold has had a direct influence on the price of the metals. The current availability ratio of physical silver to gold for investment purposes is approximately 3:1. So, why is it that investors are allocating their dollars to silver at a much higher ratio? What is it that these “smart” investors understand? Let’s have a look at the numbers and see if it’s time for investors to do as a wise man once said and “follow the money.” Full Story
By: John Mauldin, Millennium Wave Advisors - 24 December, 2012
It is Christmas Eve and not the time for long letters – just a brief note on why the fiscal cliff is not the End of All Things, and to point out a worthy cause led by some good friends of mine who are helping people who truly have no options in life. And we’ll start things off with a movie review of sorts to launch us into a positive take on the year behind and the year ahead. Full Story
Intuition was telling me something was going on these past few days in the gold market. Our investment team was watching gold and gold stocks take a tumble for no obvious reason. It wasn’t only us who felt this way: many analysts were caught off-guard. One comment from Barclays Research indicated that the week was unusually “brutal … with quite a few confused participants with some seemingly positive aspects of the market not having an impact.” Full Story
We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Full Story
After gold’s losses of the past couple of weeks there is increasing talk about its bullmarket being finally over. In this update we will use long-term charts to determine whether these claims have any substance. Full Story
It was the best of times; it might be the worst of times. Dollar bills glide effortlessly to the ground, dropped from the giant QE machine in the sky. All is quiet, all is calm. There is peace on earth, well, at least in Washington D.C. and on Wall Street. And then with a horrible crash, another Mortgage Backed Security (MBS) explodes and collateral damage spreads far and wide. Full Story
By: Rick Ackerman and Doug Behnfield - 24 December, 2012
Turns out it was our own Doug Behnfield -- good friend, astute financial advisor and occasional contributor to Rick’s Picks -- who in June 2010 coined the term “fiscal cliff.” Readers may remember his essay, which took its inspiration, metaphorically speaking, from the suicidal ending of the film Thelma and Louise. In the guest commentary below, with the U.S. a literal inch from the cliff, Doug describes a likely outcome. One thing’s for sure, he notes: No amount of political squabbling will spare us the very real economic pain it will take to bring the national budget into balance. Full Story
Even though this summer was a sentiment wasteland for the precious metals markets, right now feels like a close second. After rallying strongly in August and September the metals have declined for almost 3 months now culminating in a recent smash down. And it feels especially worse since the reaction of gold and silver to the open-ended $85 billion per month quantitative easing announcement from Ben Bernanke has been the opposite of what most would expect. Full Story
We are in a depression. Consumer demand is dying and will not be brought back with easy credit or even free money. However, there is a way out of this. Mr. Bernanke wants to get people to spend by destroying the advantages of saving. But the solution is to get people to spend on something they want, not to punish them for saving. Full Story
We’re now in the thick of the holiday season and we have to expect a very quiet week to come but that doesn't mean we won’t see some nice moves. The low volume coming in the week ahead facilitates much easier movement of stocks. Full Story
Show Highlights: Guest Interviews. Headline news & the Market Weatherman Report. Host answers phone calls and email questions. Guests: David Morgan Dr. Marc Faber Full Story
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