By: The Gold Report and Roger Wiegand - 28 August, 2009
The stock market's still on tap for a ferocious fall after Labor Day, claims TraderTracks editor Roger Wiegand—as he told The Gold Report a few months back. The veteran prognosticator doesn't see much to be encouraged about on the global economic front, either, with the engines of growth "melting like snow in July." However, he does see the makings of some "pretty exciting" action in precious metals. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 28 August, 2009
New gold investors are often surprised to learn that gold prices have a heavy seasonal component. Seasonality makes intuitive sense for commodities inexorably tied to orbital mechanics, like wheat. Their annual late-summer harvest really increases supply. But why should gold, which is mined evenly and continuously throughout the year, have big price swings governed by the solar calendar? Full Story
By: Daniel Aaronson and Lee Markowitz - 28 August, 2009
This week, President Obama nominated Ben Bernanke to serve as the Federal Reserve Chairman for a second term. Although the timing of the nomination was earlier than most people expected, the appointment was no surprise and may have been influenced by his recent speech in which he said he would “not let a depression happen on [his] watch.” Full Story
25 years ago I visited Comex at the World Trade Center, watching the feverish activity in the gold pit from behind the glass wall in the gallery. A gentleman standing next, unknown to me, remarked: “One day this make-believe charade will come to a bad end. All that these guys are doing down there is creating ever more claims to the same lump of gold — just as governments have been doing before they met their ignominious fate.” Full Story
The first phase of this Climacteric which both Deepcaster and Schultz forecast will likely begin after the ongoing Bear Market Rally Top approaches. Deepcaster expects to be able to give you a more well defined timeline in our Alerts, as we enter into Fall. Full Story
An interview with Jim Willie where we discuss the potential of bank failures emanating from the Middle East and rippling throughout the world being the catalyst for the next round of the credit contraction. Full Story
October 2008, to anyone not in denial, marked the last day the men behind the Federal Reserve, all connected to the House of Rothschild, gave up what’s left of their wealth so the huddled middle class can trash the planet. Full Story
One of the most important questions investors have about gold stocks is “which is the best stock to buy”? You want to invest in the next ten bagger, all investors do. Huge profits that leverage the coming gold price rise are most certainly possible in gold stocks however you are unlikely to achieve this by luck. Choosing without in-depth evaluation is a recipe for disaster. Full Story
Each year, generally in May, the Energy Information Administration publishes a less-than-eagerly-anticipated tome called the International Energy Outlook, 250+ pages of mind-numbing text, charts, graphs, and tables. No one reads it. The mainstream media ignore it. It’s the product of the best prognosticators in the Department of Energy. Okay, that may be what puts most people off. But if you’re patient enough to dig into it, it will cough up some fascinating nuggets of information. Full Story
By: David Morgan and Ellis Martin - 28 August, 2009
Welcome to The Opportunity Show. I’m Ellis Martin. Today we are talking about the possibility of making real money at this time by investing in silver stocks. Joining me is silver guru David Morgan of silver-investor.com. Thanks for joining us today again. Full Story
Several news sources have been ablaze recently with news that China decreased her holdings of US debt by some $25.1 billion in June. Gold advocates picked upon this event and publicized it as well as believing that it may signal that China will start reducing her holdings in US paper. Many gold proponents have looked upon this event as opening the door to possible Chinese purchases of gold. Full Story
By: Richard Daughty, The Mogambo Guru - 28 August, 2009
Apparently I am one of the few who appreciates the Theater of the Absurd in the Bloomberg news article that reported “President Barack Obama nominated Ben S. Bernanke to a second four-year term starting Jan. 31”, which clearly means that nobody else in their right mind would take the job as chairman of the loathsome Federal Reserve now that... Full Story
It’s been more than two years since we’ve seen the Dow Industrials rally for eight consecutive days, but it happened yesterday with a little help from Boeing, which gapped almost $4 higher on the opening bell. If you’re wondering how the Dow’s winning streak in April of 2007 fared, it turned out to have been just the beginning of a spectacular run-up that carried the blue chip average to its all-time high six months later, in October. Full Story
While all manner of attention remains transfixed inside the United States on a remedy and recovery of its bank sector, once again Americans make dangerous assumptions. They tend to assume that the US Federal Reserve near 0% interest rates, Quantitative Easing (aka exploding Printing Pre$$ output), endless liquidity facilities (e.g. TALF), TARP funds (aka Wall Street slush fund), Stress Tests (rigged), bank stock sales (aided by FASB accounting fraud), bank carry trades (exploiting low short-term & higher long-term rates), and the passage of time can revive the US banking industry. Full Story
In plain english, FDIC "insurance" is a Ponzi scheme, except in this case Mr. Ponzi has the power to create money and bail himself out indefinitely. The FDIC DIF is about $10 billion and also has $12 billion in expected losses in the current quarter. In propaganda that boggles the mind, the public is led to believe these funds are "insuring" the majority of $9,020 billion in deposits. The public is also led to believe that their "deposits" are THEIRS, when there is, in fact, no bailment made by the account contract, and the legal truth is that you have lent your money and the bank is NOT required to pay you back. Full Story
You hear a lot of talk these days about what could possibly stop the current stock market rally given that we've clearly passed the "acute" phase of the financial crisis and, quite literally, there is no place to go but up for many economic indicators. Full Story
The trillions of dollars of credit being pumped into the global economy is only an interim solution to a long-term systemic problem; and, until those problems are fixed, the consequences will continue, consequences which now include a severe deflationary depression coupled with the possibility of hyperinflation. Full Story
First, the good news about Bernanke’s nomination for a second term as head of the Federal Reserve (Fed): we know what we are getting and may be able to prepare for the risks his continued leadership may pose to inflation and the dollar. The bad news: more of the same. Full Story
Tuesday’s consumer confidence index drew cheers from Wall St, despite rising unemployment and record consumer debt. For any real growth to occur, we need to shed that debt and create jobs. Consumer deleveraging has barely begun, and unemployment ain’t pretty. But economists of the George W. Bush school aren’t hearing that nonsense. They insist selfish consumers need to get out there and SPEND! Stimulate that economy, baby. Go ahead and buy that Gucci purse. Full Story
So far this week we have seen commodities move sideways with traders and investors waiting for the US Dollar to rally or continue dropping, which will trigger the commodities to move. I have provided some below charts showing where prices currently stand. Full Story
Look at almost any commodity chart and you will see a pennant forming. When you have that many pennant formations appearing all at once, odds are that the coming breakouts will happen in the same direction as the movement towards the pennant (in this case upward). Full Story
By: Richard Daughty, The Mogambo Guru - 27 August, 2009
I had thoughtfully turned off all the audible alarms to the circuits monitoring the nefarious activities of the Federal Reserve, but you could tell by the way the indicator lights were furiously flashing and the recording pens were scratching maniacally across the seismograph paper that something important was up. Full Story
There was discouraging news yesterday for anyone hoping that Rep. Ron Paul’s bill to abolish the Federal Reserve might make it to the floor during the current Congressional session. The way things look right now, H.R. 2755 may not come up for a vote for quite a while – at least for the duration of Mr. Obama’s presidency. Full Story
NOW THE banking crisis is over – "Bernanke stays put, home prices up," as Fox News reports – the career academics who failed to spot and prevent it can get back to fretting about the most macro of tasks: How to rebalance the global economy? Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 26 August, 2009
America is not doomed, but the fellows in Washington are pushing for that outcome. It seems that all the characters that encouraged this financial crisis are being rewarded, and Ben Bernanke's re-nomination is no exception to this rule. Full Story
This month, after apparently getting an earful from local farmers, Congress voted to scale back funding for NAIS. They didn’t kill it, which means agribusiness (and Homeland Security?) will now start lobbying to get funding restored. But this at least gives more people a chance to start paying attention. Full Story
By: Bob Chapman, The International Forecaster - 26 August, 2009
Since March we have watched a stock market rally borne by low volume and short covering. The gains are reminiscent of the rallies of 1930 and 1932. What you are witnessing is a rally engineered by our government. If you watch the tape and you can read it you can see exactly what they are doing, and how they are doing it. Full Story
Gold versus paper. That's the real battle under the surface. This is the more important battle from a societal standpoint. Honest money or crooked money. Humans will always cheat, steal and lie, but when a system is set up specifically to promote cheating, stealing and lying, this is exactly what happens on a large scale. Full Story
By: Andrew Mickey, Q1 Publishing - 26 August, 2009
Over the long run, natural gas will become a more suitable alternative to oil. Based on energy to price value, natural gas is as cheap as it has been in the past decade. It will take time – probably a lot of time – but natural gas’ time to shine will come again. Full Story
To those who study the numbers, it is now obvious that America’s fiscal situation is hopeless. Given the country’s current debt and unfunded liabilities of $75,000,000,000,000, an amount growing by at least $5,000,000,000,000 per year, it will be statistically impossible for the United States to pay its obligations unless it repudiates them in large measure, or the dollar is sacrificed on the altar of searing, society-altering inflation. Full Story
After the epic crash last year, the price of oil is stabilising and it should rise exponentially over the following years. Over the past year, global consumption has stayed weak, however once the economy recovers, crude oil should resume its secular bull-market. Full Story
By: Richard Daughty, The Mogambo Guru - 26 August, 2009
TheDailyBell.com had an interview that had the title “Why so many conspiracy theories?” which was intriguing enough, but made funny when they editorialized “Dominant Social Theme: Are people getting stupider?” Full Story
If nothing else can stop a runaway stock market, there’s always the astrologers. Pick any day of the year, and odds are it’s circled in red on some star-gazing guru’s End of Days calendar. The higher stocks go, the louder their predictions of disaster. Not that we haven’t joined the chorus of despair ourselves from time to time. How else is a guru supposed to gin up business during the dog days of summer? Full Story
By: The Gold Report with Gissen and Berol - 25 August, 2009
In this exclusive interview with The Gold Report, Malcolm and Marshall share why they believe "we're still in the early innings" of the resource investment game and foresee a bright future for the all-star junior miners. Full Story
While we aren’t contrarian for the sake of being contrary, more often than not that is the position in which we find ourselves. Today, with the media falling all over itself to paint a rosy outlook for the economy while simultaneously voicing encouragement to the new administration in its remake of the nation in previously unimaginable ways, it’s hard not to question our conviction that the worst is yet to come. Full Story
I thought it would be a good time to put the market manipulation problem into a sort of historical context. Below I did a search on the History of Computer Trading and came up with a very interesting list of articles. Almost every one of them alluded to a problem related to abnormal market gyrations blamed on computer trading programs. Full Story
To Chairman Gensler and the Commission I would respectfully submit that it is time to deal with this issue. I know you value your responsibility to uphold the law and to serve the legitimate needs and wishes of the public. I know you want to guard against fraud, abuse and manipulation. All of those who have written to you on silver, either in these public comments or separately, believe there is a crime in progress in the silver (and gold) market and are counting on you to either fix it or explain why not. Full Story
In your case I would recommend keeping financial statements and calculating ratios to track your financial vital signs. For those that want to have an extremely solid financial condition I recommend (1) a positive net worth, (2) a current ratio greater than 10, (3) a debt-to-equity ratio below 10% and (4) net wealth in excess of 24 months. Then you will be in better financial condition to weather The Great Credit Contraction. Full Story
My bias is bearish. That is because I do not believe that an economy can be run effectively by using fiat money creation and taxation to produce funds for stimulus, which is then aimed at consumer spending, some very unproductive infrastructure boondoggles and other pet projects. Full Story
By: Steven Saville, Speculative Investor - 25 August, 2009
Recent arguments between deflationists (those who are forecasting deflation) and inflationists (those who are forecasting inflation) often boil down to opposing views about what will happen to the huge quantity of reserves that the Fed has supplied to the US banking industry over the past year. Full Story
By: Richard Daughty, The Mogambo Guru - 25 August, 2009
My skin went clammy and cold when I read that over 140,000 people suddenly disappeared from the “continuing claims” rolls of those receiving unemployment checks at the same time as we see rising unemployment. Full Story
The Diamonds and the E-Mini S&Ps followed our script precisely yesterday, allowing Rick’s Picks subscribers to get short from the intraday highs in both. Because the E-Minis were raising some hell Sunday night, we allowed for a rally to as high as 1046 on Monday – equivalent to about a 200-point thrust in the Dow Industrials. Full Story
Aprox 65% of all monetary transactions in the world involve US dollars. Think about that very very carefully. If the bankers were to create a “situation of insanity”, where the dollar began to hyperinflate, or even appeared set to hyperinflate, a stampede out of dollars and into gold would take place. Think about the economic ramifications of such an event. It would be a global economic catastrophe of unprecedented size. Full Story
While gold and it’s very attractive little sister silver have attracted the attention of some investors of late, there is a metal that is far, far rarer and has fundamentals that merit investment consideration. Some consider it the ultimate symbol of wealth—above and beyond gold, silver or platinum—because of its price and very significant rarity. Full Story
The total accumulated national debt stands now at almost 12 trillion dollars - plus. The annual budget deficit by itself is expected soon to pass 2 trillion. This is four times higher than last year. Well, we’ve definitely entered a new era. Mind you…not moving toward, but quickly losing all the ground accomplished for these past 20 years. Full Story
Far too many look for easy ways to get rich quick these days, only to be disappointed or shocked when reality bites in the end. Because of this there are no shortage of Ponzi like schemes characterizing the financial landscape, one by one being found out to be frauds, with Bernie Madoff at the top of the list in history thus far. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 24 August, 2009
Germany's central bank, the Bundesbank, today confirmed that much of its gold is held outside the country at "trading centers" where the bank conducts "its gold activities." The Bundesbank's statement, unsigned and issued by the bank's press office, came as an e-mailed reply to GATA consultant Rob Kirby of Kirby Analytics in Toronto... Full Story
Listen carefully, dear gold bug. You are living in a world which is insane. All around you are the incredibly stupid people who, in the past, believed that the earth was flat and that one could fly by standing on a magic carpet. From every source of opinion comes the 21st century version of those beliefs. Full Story
It has been just more than 17 months since gold reached the $1000 level for the first time. Gold has been consolidating since that time in a range of $680 to $ 1000. The price pattern that it formed during that period is actually very similar to the consolidating pattern formed during 12 May 2006 to 16 August 2007. Full Story
Share price action has been patchy but exciting in many cases over the last few months. We called a correction at GoldOz and were right for the overall majority of the gold equities sector. However this has been a bit of a “drop bear” rather than a “bear market” type of correction – why? Numerous hot “multi-baggers” in our short list on the Gold Members pages have performed strongly as their share prices doubled, tripled and quadrupled or better. Full Story
Precious metals like gold and silver appear to be forming a bullish pennant formation, which generally leads to higher prices. Currently the US dollar is hovering around a support level, which is the 76- 79 range. Only time will tell if the US$ breaks down sending gold to new highs in the coming months. Full Story
(In the years leading up to the dot-com boom, I freelanced an investment column to the Sunday San Francisco Examiner. Following is one of my favorites. It tells how Louie Piro, my barber when I lived in Mountain View, became a multimillionaire by investing his spare cash – amounting to all of $5 a week – in promising companies when he started cutting hair in the 1950s. Louie was still cutting hair long after he could have retired, but his weekend getaways were anything but ho-hum: marlin fishing in Cabo, golfing in Las Vegas and Hawaii, and casino junkets to Atlantic City. RA) Full Story
1st Hour: Headline news & The Market Weatherman Forecast. Spotlight Stock Picks. Host, Chris Waltzek & The International Forecaster discuss Superstar Investors & answer listener's questions. 2nd Hour: -Kevin Kerr, Global Commodities Alert Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 August, 2009
In the week when a new Agreement by European central banks regarding gold sales, only a tiny sale of 0.15 tonnes of gold was made the week before last and last week saw no sales. In the fist few months of the last year of the Agreement beginning on the 26th September 2008, as you can see from the Table below, around 140 tonnes of gold were sold by the signatories to the Central Bank Gold Agreement. Full Story
UPSIDE BREAKOUT ALERT: gold is now believed to be very close to an upside breakout to new highs, a development that should lead to a rapid advance towards the $1300 area, and it should be noted that this scenario will not be negated by a brief sharp drop that may be aimed at wrong-footing a lot of traders. Full Story
Various news media reported this week that demand for gold sank to a five and a half year low in the second quarter of 2009 after jewelry consumption dropped by more than one fifth. This sounds discouraging, but before jumping to final conclusions, let’s take a closer look at the data itself (courtesy of World Gold Council). Let’s keep in mind that journalists can sometimes slant the figures, or ignore those that don’t fit their story. Full Story
By: John Mauldin, Millennium Wave Advisors - 23 August, 2009
This week we further explore why this recovery will be a Statistical Recovery, or one that, as someone said, is a recovery only a statistician could love. We look at capacity utilization, more on housing, some thoughts on debt and deflation, and some intriguing charts on volatility in the last secular bear-market cycle. Full Story
I, for one, don't intend to lose the forest through the trees here. Just as bear market rallies are fast and furious, so are the subsequent declines. You don't start new bull markets with trailing 12 month PE ratios over 120 during the middle of a housing market crash and banking system collapse (and no, neither one of these trends is close to being over). Even general stock puts and shorts initiated at the June highs with an eye towards the long term will look good 6 months from now. Full Story
Here we are again approaching another 10-year cycle peak. The last such peak was in 1999 while the most recent 10-year cycle bottom was in 2004. We wrote extensively on both episodes at the time and the 10-year cycle is one of our favorites. It’s what I like to call the “slam dunk” cycle since among all the yearly Kress cycles, the 10-year cycle at its peak and bottom phase can almost always be used for profitable trading/investing almost by itself. Full Story
By: Bob Chapman, The International Forecaster - 23 August, 2009
The same parallel applies to our financial system. The Illuminati wanted to make it look like our financial system was broken as an orgy of fraud was paraded before us by our fane-stream media due to a lack of regulatory action. They took away Glass-Steagall courtesy of henchman Slick Willie Clinton and are now trying to replace Glass-Steagall with the Fed, when it is the Fed that is the base cause of virtually all our financial woes. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 23 August, 2009
Yesterday GATA's Washington-area law firm, William J. Olson P.C. of Vienna, Virginia -- http://www.lawandfreedom.com/ -- filed with the Federal Reserve Board an administrative appeal of the Fed's most recent refusal to grant us access to the agency's records involving the U.S. gold reserve. Full Story
In 25 years, I’ve never seen an investment perform as it was intended to yet receive little praise (and much dismay) as gold has. Throughout 2008 and early 2009, many in the media questioned why gold was not performing well given the so-called market conditions for it. Forgive me, but I suspect any and all investors who lost money in the more “touted” plays like stocks would gladly take what gold was up versus their own losses in those great blue chip stocks. Full Story
By: The Gold Report and Victor Gonçalves - 23 August, 2009
Investors who picked up on Victor Gonçalves' resource stock picks late last year have realized gains of up to 800%, so the views he shares in this exclusive Gold Report interview may prove profitable to consider. After all, quips the Equities & Economics Report producer, "Walking away with money is what you want to do." Full Story
By: Richard Daughty, The Mogambo Guru - 23 August, 2009
A guy comes into the bar, and I figure he is a trucker because he looks like a trucker and he is wearing a greasy Peterbilt hat. So I say, “Are you a trucker?” and he answers “Yeah. What’s it to you, old man?” Full Story
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