By: Marin Katusa, Casey Research - 28 September, 2012
There is little that would rock the oil world more than a revolution in Saudi Arabia. But with a coming leadership crisis, it is becoming all too likely. Saudi is facing major economic challenges as dramatic increases in social spending and domestic fuel consumption eat through the kingdom's all-important oil revenues. Full Story
By: The Gold Report and John Stephenson - 28 September, 2012
While the markets have been on edge for the past year or so and have left most investors bewildered as to what to do next, portfolio manager and author John Stephenson thinks that the course is set for higher gold prices. In this exclusive interview with The Gold Report, Stephenson explains why he thinks we will avoid a worldwide economic crash and how the continuing QEs and foreign government bailouts will push more investors into the gold and mining share markets as gold moves above $2,000/ounce. Full Story
By: Scott Wright, Zeal Intelligence - 28 September, 2012
It’s hard to believe that silver was trading at only $4 just 11 years ago. And amazingly it was only 7 years ago that silver had hit $10 for the first time in nearly two decades. Now at over $30 and rising, silver is flexing its muscles as one of the best-performing assets of the last decade. Full Story
China announced on Sept. 6, 2012 that any country that wishes to sell Crude Oil using its currency, the Renminbi, can do so. The next day Russia announced it will sell China all the Crude it wants and will not expect to be paid in $US. Full Story
Gold no longer has a legal role in the world’s monetary system, but because of a collapse of faith in sovereign obligations - fiat currencies/paper money – and a coming complete lack of trust in governments and financial institutions, gold is going to quickly become a core banking asset. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 28 September, 2012
If recession were to take hold more broadly, those who bought gold as a near-term inflation hedge may become significant sellers as inflation fears take a back seat to margin calls. At some point, if debt problems re-emerge in Europe, the euro's basic viability may be threatened. Simultaneously, continuous action from the Federal Reserve may finally, and justifiably, bring the U.S. dollar under heavier scrutiny. Under such conditions gold may be looked upon as a more reliable store of value than discredited and devalued currencies. Full Story
The big news in the commodities world lately is $10/barrel drop in the oil price in the last several days. The decline was initially blamed on Fed-Ex lowering its outlook for global growth and industrial production when it reported its latest quarterly earnings. The world’s second biggest package delivery company forecast a continued slowdown in global trade. Reports that Saudi Arabia is keeping production high to drive oil prices lower were also blamed. Full Story
Our very bullish projection for the Dow Industrials, currently trading near 13485, calls for a powerful, last-gasp rally to 14969 before the elections. But what if the blue chip average were to simply fall from these levels without rallying to new highs? At what point would we give up on our target? asks a reader who goes by the handle “Mega-bear” in the Rick’s Picks forum. Full Story
We are at the point in the paper currency cycle where for the price of Gold it is risk off, Fed management out of the way, and time for Gold to go into free-rise to start to devalue the huge debts in earnest and to balance the budget. As Gold rises in a parabola on the arithmetic chart, each leg runs higher at a more acute angle. Full Story
Technical Analysis is mathematical analysis of the market based on price action, but not the fundamentals of supply, demand, costs of production, and hundreds of other important factors (fundamental analysis). Many people will tell you Technical Analysis does not work. I disagree. If you understand its limits, it works quite well. Full Story
Genome sequencing has gone from a cost of $3 billion to $10,000 – within just nine years, says Alex Daley, Chief Technology Investment Strategist at Casey Research. And that's only one example of how fast new technologies are now being implemented and made affordable to the public. Watch this eye-opening speech from the just-concluded Casey/Sprott Summit to find out where today's and tomorrow's big investment profits lie, and how you can get your own slice of them. Full Story
Gold prices fell more than 1 percent Wednesday pressured by a stronger dollar and weaker stocks markets along with profit-taking. Gold struggled to maintain gains after hitting six and a half month highs this month after the Federal Reserve, the European Central Bank and the Bank of Japan announced steps to loosen monetary policy. Full Story
But if the system can last another few years I am now pegging the possibility of a gold stock mania at “near certainty”. Ben Bernanke and the like have all but guaranteed it. Their bizarre mental affliction, a not-so rare disease called Keynesianism, has consumed them and they will go into the final stages of hyperinflation printing more money, just like they did in Weimar. Full Story
As we travel to Toronto for the Cambridge House conference, we thought we’d share a few points from our upcoming presentation titled “The Setup for a Gold Bubble.” There are many different ways we can analyze this. By that we mean fundamental triggers, historical ratios, valuations and potential money flows, etcetera can explain the setup for and why this bull market will become a bubble. Today, we focus on intermarket analysis, which is one of our favorite subsets of technical analysis. Full Story
Ben Bernanke is the panicked and clueless chairman of the evil Federal Reserve, and he has just shocked the world to announce that, henceforth, the Federal Reserve will create enough money to buy $40 billion per month of mortgage-backed securities. Full Story
The recent decision by the US Federal Reserve to contaminate the financial body until it responds favorably was the last straw in my book. Witness a declaration of permanent QE and hyper monetary inflation of the most virulent strain, unsterilized. The USFed is essentially admitting failure. The signal serves as the loudest death knell for the USDollar among many in a sequence. On a similar parallel note, lighter and more humorous, one might be reminded of the pirate swash buckling style of yelling at the swabbies that the beatings will continue until morale improves. Full Story
By: The Gold Report and Brien Lundin - 26 September, 2012
Brien Lundin expects money printing by the Federal Reserve to raise gold above its $1,920/oz high, and as editor and publisher of Gold Newsletter, he considers it his job to show people how to profit. In this exclusive Gold Report interview, Lundin explains why he believes it is time to be aggressive in equity positions. Full Story
By: The Gold Report and Steve Cochrane - 26 September, 2012
There's a point in a country's emergence where the perceived risk by investors doesn't correspond with the real risk, says Steve Cochrane, an investment adviser with Macquarie Private Wealth Inc. When that divergence occurs, it's the best opportunity to invest. Cochrane sees such a divergence right now in Cambodia, a land with vast untapped resources. In this exclusive interview with The Gold Report, he talks about how investors can profit from Cambodia's entrance onto the world economic stage. Full Story
The Game has two halves: going long the real, and short the symbol. That is, going long real assets by owning them, and going short the dollar and the financial system by selective and advantageous borrowing. That way if you are a hedge fund manager, CEO or “private equity” investor who has essentially gambled the world monetary system on your speculations, and you collapse the financial markets and the value of the dollar when you guess wrong – you don’t jump out the office window. Instead, you enjoy an extraordinarily lucrative early retirement. Full Story
With interest rates near zero, where can you find value in a low to no-yield environment. joining us now is Eric Sprott, ceo and cio at sprott asset management. a long/short equity strategy with $10 billion in assets. over 80% of the fund is allocated in precious metals. and is there anyone that liked qe-3 more than you, eric? i don't think anybody has quite the concentration that we have, joe. Full Story
By: Axel Merk & Kieran Osborne, CFA - 26 September, 2012
Central bankers around the world may be providing a backstop to the financial markets in much the same way Greenspan did during the “Goldilocks” years, but when the short-term euphoria wears off, will the negative repercussions be even more severe? Bernanke’s Federal Reserve (Fed) appears to specifically target equity market appreciation as part of its offensive in bringing down the unemployment rate; expectations are high: every time the market sells off, the Fed might simply print more money. We fear central bankers have overstepped their reach, and the implications of their actions may be much worse than the anticipated benefits. Full Story
QE3 is the beginning of the bankers’ monetary death march. Central banks in Japan, the US and Europe are now openly engaged in massive monetary debasement, printing more and more money in the futile hope they can reverse the deflationary collapse now in motion. They can’t. They can, however, in trying to do so, instead destroy the currency system. Full Story
I’ve been skeptical about China for some time. While I do believe China has made some serious economic progress as a country, I remain thoroughly convinced that ultimately its economic “miracle” will be much like that of the Soviet Union powerhouse in the late 20s: apparently awesome in scope at the time, but a total fraud after the fact. Full Story
I was happy to see an article from mainstream economists on the mess we are in. Of course, the mess is vastly worse than they indicate. The on-budget debt of $15 trillion is peanuts compared to the $222 trillion of present-value net unfunded liabilities. But the mess is bad enough to warrant this article. Nothing will change Congress. Nothing will change the executive. There will be no cutback in spending until the numbers force the Great Default. Americans will not be ready. State and local governments will not be ready. Will you be ready? Full Story
Days like yesterday could cast doubt on a prediction made here a short while ago — that the Dow Industrials are about to embark on a 1400-point rally. We still expect this to happen, although when we try to think it through logically it makes no sense whatsoever. As why should it, given that the global economy is presently sustained by little more than lies, political corruption, smoke and mirrors? Full Story
By: Dan Steinhart, Casey Research - 25 September, 2012
Warren Buffet's #1 rule of investing is "Don't lose money." It's good advice, though not to be taken literally; all investors lose on occasion. Still, it is a worthy goal for which to aspire. And to have any chance of reaching it, you must learn how identify and avoid bubbles. Full Story
Bloomberg News point recently pointed out that this month platinum prices rallied to their highest level since February amidst violent labour conflicts at South Africa’s Lonmin Plc’s (LON) Marikana mine - which accounts for about 10 percent of global output - and the U.S. central bank’s announcement of a third (and perpetual) round of quantitative easing. And now, per the Globe and Mail, “the industrial strife hitting South Africa’s mining industry has spread to AngloGold Ashanti, the world’s third-largest bullion producer by sales.” Full Story
The gold consolidation may already be over. On this one month chart, you can see that since QE3 was announced on September 13, gold has essentially moved sideways. That “trading box” is likely a consolidation pattern. You are looking at a two day chart for gold. A small but significant head & shoulders pattern has formed, implying that the gold price will rise above $1800, before a correction occurs. Full Story
By: Steve Saville, The Speculative Investor - 25 September, 2012
We've speculated in TSI commentaries that unwavering devotion to bad economic theory (a type of stupidity) is the most likely reason for the Fed's introduction of a new inflation program at this time. There are other plausible explanations, but in general terms it boils down to this: the Fed is either stupid, or evil, or stupid and evil. Full Story
By: The Gold Report and Leonard Melman - 25 September, 2012
Worldwide monetary creation today has implications for the watchful investor in gold and silver. In this exclusive interview with The Gold Report, Leonard Melman, publisher and editor of The Melman Report, explains why. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 September, 2012
In 1971 President Nixon closed the window that allowed U.S. dollars to be sold for gold owned by the U.S. Just before that, the price of gold was $35 an ounce. Since then gold has been called a ‘barbarous relic’, a term used by Keynes, the famous economist. Full Story
Summing up, the outlook for the stocks in general is bullish for the medium term and rather unclear for the short term. Because of the shape of correlation between precious metals and the general stock market, this translates into a rather unclear short-term outlook for precious metals and a bullish medium-term one. The situation on the precious metals market is very overbought from the short-term perspective, so traders should be careful if they wish to bet on the immediate continuation of the rally. Full Story
I’ve gotten more mail than usual from subscribers recently, most with a common theme – I should publicize the real goings on in silver to a wider audience. Many suggested taking out advertisements in popular media sources, like the Wall Street Journal, accompanied with genuine offers of contribution. Others suggested I approach the big hedge funds to interest them in investing in silver. Not only do I agree with the suggestions, but I have been trying to extend the reach of the real silver story for quite some time. It’s kind of what I do. Full Story
The order of events does not start with production, it starts with consumption. If prices are too high, because of a change in the value of money, then they must fall if consumers are to be tempted. The fall in prices exposes over-valued productive capacity. It is an adjustment that must occur, and no amount of subsidy and money-printing to address "animal spirits" can change that. And the sooner it happens, the sooner an economy gets back on track. Full Story
By: Dr. Ron Paul, U.S. Congressman - 24 September, 2012
One of the most enduring myths in the United States is that this country has a free market, when in reality, the market is merely the structural shell of formerly free institutions. Government pulls the strings behind the scenes. No better illustration of this can be found than in the Federal Reserve's manipulation of interest rates. Full Story
In today’s world, investments aren’t what they used to be, so be cautious. Certain mutual funds may be good, but don’t forget real money – yes, I’m talking about gold and silver. They are mentioned in the Constitution – which our spendthrift politicians have forgotten. So, trust in gold and silver as well as a few other things – you will have to figure those out for yourself. Full Story
Financial repression may prove to be the policy that triggers the inevitable return to fair value in precious metals. The failure of this academic policy, originally deployed in the 1950’s, adds to the list of possible scenarios triggering the failure of the manipulative price suppression that has been observed in the precious metals futures markets. Full Story
By: John Mauldin, Millennium Wave Advisors - 24 September, 2012
There is an intense debate going on in the first-class cabin of Economics Airlines about the direction in which our plane should be pointed. And while those of us back in the cheap seats don't get to help decide, knowing where we will land is of intense interest to all of us. This week we listen in on the debate, in the form of speeches and academic postings passed back from first class for the rest of us to read. Full Story
Dear Monetary Leader is ushering in a brave new world and we will have to be nimble and ever in possession of a functional filter or better yet, bullshit detector. I believe this is it, the beginning of the end game. It is funny to think that so many months ago this letter had come up with another one of its little buzz phrases in ‘i2k12’ (inflationary 2012), which I had imagined holding sway in the second half of 2012 after the deflation scare had reloaded the will of policy makers to inflate. Full Story
Over the past week, the GoldSeek-SilverSeek micro-lending team’s total loan amount surpassed the $30,000 mark -- up to $32,950 this morning Sunday, September 23. Nearly 1,200 loans to groups and individuals all around the world have been impacted by our lending efforts. Full Story
Under the circumstances, we’ll short Apple only tactically at Hidden Pivot rally targets, with the goal of getting a step ahead of the take-no-prisoners downdrafts that the stock’s sponsors use occasionally to shake the tree. Otherwise, warts and all, AAPL will remain a no-brainer “buy” presumably until the trumpets sound from on high. Full Story
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