By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 March, 2012
In our previous article we looked at whether the U.S. Dollar was headed for a major fall or not. We demonstrated how the dominance of the U.S. dollar was almost entirely dependent on the grip it had over oil producers and this allowed the oil price to be designmnated in the U.S. dollar. The U.S. has gone to war in Kuwait and Iraq over this issue under the guise of destroying “weapons of Mass Destruction” as it appears on the verge of doing in Iran. Full Story
We've read mixed reports about how lofty gold and silver prices are affecting demand in India. One month we're told demand is up, and the next it's supposedly down. I'm not suggesting that official reports are inaccurate, but it is admittedly confusing and doesn't help us understand the real trend in the country. Full Story
By: Scott Wright, Zeal Intelligence - 30 March, 2012
Over the course of gold’s bull, the companies that explore for and mine this metal have greatly prospered. The gold-stock sector has thus been one of the top-performing in all the markets over the last 10+ years, and its investors have been richly rewarded. But this last year or so has been a tough one, one that sure has tested investors’ mettle. Full Story
This Wednesday Goldman Sachs reiterated its position that investors should buy gold. Goldman Sachs remains bullish on the precious metal, citing the familiar fundamentals-- low interest rates and subdued economic growth as catalysts for gold prices to rise this year. Full Story
Ironic it is to focus on Keynes’ most Profound Insight when much of the Responsibility for the ongoing Currency Debauching which facilitates Today’s Economic and Financial Crises is properly his. Indeed, the Inflation which Implementation of his Economic Policies is causing is increasingly confiscating the Wealth of businesses and citizens. Full Story
As leviathan government, Central Bankers and the welfare states battle Mother Nature and Darwin, the stakes for the global banksters and elites could not be higher. Governments in the US and Europe are striving to place debt and legal shackles on those they pretend to serve and working for the interests of banksters, power-hungry public servants and entrenched government bureaucrats against that of their own constituents. Full Story
You gotta give DaBoyz credit for turning stocks around yesterday, since buyers appeared to have taken the day off. Nor was there much bullish energy as the day wore on – only the nervous drum beat of short-covering ahead of the final trading day of Q1. It was all window dressing, to be sure, and although the Dow Industrials ended the day 20 points higher, the modest gain belied the dark magic that eventually spirited the blue chip average into positive territory. Full Story
Gold has been trading in a tight box around $1,660/oz today, as euro zone finance ministers meet in Copenhagen to discuss the scale of the permanent “bailout fund” set for July. Gold has been stuck in range of roughly $1,630 to $1,700 in recent weeks, as risk appetite has returned after the latest European debt “solution” which saw the battered can kicked down the shortening road once again. Full Story
Every salesman wants to present his product in the best light possible and the salesmen of the stock market are no exception. Public companies always highlight the positives about their projects, their financial positions, and their outlooks, and downplay negative news as much as legally possible. Full Story
The Hera Research Newsletter is pleased to present a fascinating interview with Martin A. Armstrong, founder and former Head of Princeton Economics, Ltd. In the 1980s, Princeton Economics became the leading multinational corporate advisor with offices in Paris, London, Tokyo, Hong Kong and Sydney and in 1983 Armstrong was named by the Wall Street Journal as the highest paid advisor in the world. Full Story
In post World War II Germany, the MONTHLY inflation rate reached 29,500%. Though only a generation ago, with Central Banks destroying global currencies at a pace today not seen since the Reichesbank, the memories of horrific hardships imposed upon people by Central Bankers seems to have already been erased from the general populace’s memories. Full Story
Around this point in the fractal cycle in the late 70’s, Gold busted out of its channel to rise sharply higher, along with Silver. Silver’s channel top will lie up around $68 to $70 over the coming months which we believe will be reached in 2012. The next higher angled resistance bands for Silver run from $112 to $115, and then up at the $123 area. By the end of the Silver Bull, we expect to see Silver reach $500+. Full Story
Just about all of the world’s national currencies in circulation today consist of paper or fiat currencies that have been assigned value by official decree or fiat, rather than due to any real intrinsic value they may possess, other than perhaps the ability to generate a significant amount of heat when burned. Furthermore, these currencies represent the debt of a country, rather than any real store of value. Full Story
As the HUI index of premier gold miners continues to chop and grind its way through ongoing correction, the idea for those who understand that this unique sector of the stock market stands to gain during phases of economic contraction, is to survive. The idea is to remain strong (and by strong I mean have cash to exploit the intensifying value proposition) and be ready for opportunity, which is likely to present itself to nearly the extreme witnessed in Q4, 2008. Full Story
Bernanke's speech on March 26 began with a familiar analytical error. Specifically, he continued to give the impression that the Federal Open Market Committee (FOMC) is the cause of today's low short-term interest rates. It isn't. The .25% rate is the result of Federal Reserve policy, but not FOMC policy. The FED pays commercial banks .25% on excess reserves. If it did not pay an interest rate of .25%, the rate would be even lower. He always gives the impression that, without the FED's intervention, rates would be higher. Full Story
By: The Gold Report and Rick Rule - 29 March, 2012
Global Resource Investments Founder and Chairman Rick Rule is worried about the impact trillions of dollars of manufactured liquidity will have on global markets. In this summary of his recent web broadcast for The Gold Report, he outlines his new strategy for staying above water for the volatile 3–12 months he sees on the economic radar screen. Full Story
By: The Gold Report and Brent Cook - 29 March, 2012
Brent Cook, editor of Exploration Insights, describes the past 15 years of change in gold, copper and iron. In this exclusive interview with The Gold Report, he shares what he sees as the fatal flaws and opportunities in this complex industry and details the most important factors he looks for before investing. Full Story
A key goal of Rick’s Picks is to offer trade set-ups that risk relatively little even when we are wrong. This is of particular importance because our subscribers tend to be overly bearish on stocks and overly bullish on gold. Prices for the latter have been slipping for a month, and although that might discourage fair-weather buyers, it has only made our gold bugs more eager to try bottom-fishing with each new selloff. And with stock averages now entering their fourth consecutive year of stupidly rising prices, Rick’s Picks subscribers have been keener than ever to short that diabolically elusive Mother of All Tops. Full Story
A very important objective change has taken place in the gold market. Its price is not moving above the resistance established in the 1600 to 1900 wide berth range. Its price is not moving below support in the same wide permitted range. When the gold price has approached the 1800 level recently, all manner of naked soldiers emerge with imaginery swords to whack the price down, to bring it under heel. The ruse has a high cost in the real world though, as the gold cartel has been forced to shed an enormous supply of gold as punishment for each naked short episode. Full Story
Exchange-traded funds have been all the rage in recent years – they are easy to buy, easy to sell, and often have lower expense ratios than index mutual funds. But the Casey Research team dug deep into the complex world of ETFs and found that in many cases, their names can be utterly deceptive. Full Story
The price of gold is being actively managed by central planners and their proxies. The main culprit here appears to be the US authorities, as the manipulation is most apparent in the US open gold market. For the most part, this 'management' has resulted in letting the price of gold rise, but not too much, or too quickly. Full Story
Europe continues to take a page out of Hank Paulson’s “Crisis Combat” booklet, by unveiling one monetary “bazooka” after another. Obviously, EU leaders didn’t notice that Paulson’s “bazooka” completely failed to stop the 2008 Crash. Full Story
By: Jeff Berwick, The Dollar Vigilante - 28 March, 2012
Don't understand economics? And the thought of even trying makes your eyes cross? That's what they want. Government, which is an artificial, unnecessary construct has made a concerted effort to make economics sound as difficult as possible for decades. The reason? They can use your programmed ignorance as the publicly "educated" to confuse you about how they manipulate the economy for their benefit. Full Story
By: Bob Chapman, The International Forecaster - 28 March, 2012
Seven months after the official announcement on 9/21/11 of “Operation Twist” not much progress has been made at the long end of the market to reduce yields. The yield on the 10-year T-note has gone from 1.88% to 2.3% and the 30-year bond went from 3.03% to 3.41%. The episode has been marred by hedge fund and sovereign selling, which has left the short end a little higher, but the long end much higher. The question now is how much did this cost the Fed for such disappointing results? Or in fact was this really their objective? Full Story
The Rupee was very volatile in F/Y 2011-2012 as it reached a high of 54.32. The key reason being large scale withdrawal of foreign portfolio flows from the Indian stock exchanges due to European sovereign debt default woes and debt outflows by way of foreign currency convertible bonds (FCCB) redemptions, external commercial borrowing (ECB) among others. Full Story
By: Richard Daughty, The Mogambo Guru - 27 March, 2012
A lot of people have been very quizzical lately, asking me things like "What in the hell is wrong with you, you idiot?" (to which I answer "If I knew that, don't you think I'd stop taking these stupid pills, you ugly moron?"), and, of course, the ever-popular question "Are you as stupid as you look and sound?" (Answer "Yes"). Full Story
In the infamous case of the Goldman Sachs Abacus 2007 AC-1 fund, it doesn't take a whole lot to figure out the wrongdoing. Paulson & Co., a multibillion-dollar hedge fund, helped select the mortgage-backed securities held by Abacus while at the same time, Paulson was planning on shorting it. This was all unbeknownst to Abacus buyers, since Goldman Sachs conveniently left out the details of Abacus' creators and their bet against the fund in the investment marketing materials. Ultimately, the case was settled for $550 million. Full Story
Mainstream media tells you that the Dow soared yesterday. Maybe it did, against the dollar. Against gold, the Dow fell. Please click here now. Gold is potentially set to outperform both the dollar and the Dow, in a very big way, in a very short amount of time. The same is true for silver. I talked yesterday about what I’ve termed the “wedgification” of the gold chart. Wedgification is not a real word. It is a term I coined, like “head and shouldering”, to describe the process where one chart pattern displays fractal-like action, morphing repeatedly into ever-larger patterns of the same type. Full Story
If taking the gold price since late 2009 into perspective, it strikes the eye that another consolidation (beneath a blue resistance after a light-green boom) started in August 2011. Such a sideways consolidation is also defined as a (blue-green/red) triangular price formation, whereas the (light-green) booms represent the final movements (out) of triangles (so-called “thrust“). Full Story
The precious metals are on the move up and right now it seems that the bottom is in. This short-term development is in line with the long-term outlook for precious metals. Namely, there are no indications the Fed will begin to hike rates any time soon, given the dismal U.S. housing markets. That is a bullish scenario for gold. There is a palpable threat that crude oil prices may go through the roof if an Israeli-American-Iranian conflict will disrupt the flow of oil through the Strait of Hormuz. The European sovereign debt crisis is far from over, and one of the remaining PIIGS might still fail. Full Story
In his new lecture series, Federal Reserve (Fed) Chairman Ben Bernanke is going out of his way to discuss the "problems with the gold standard." To a central banker, the gold standard may be considered "competition," as their power would likely be greatly diminished if the U.S. were on a gold standard. The Fed, Bernanke argues, is the answer to the problems of the gold standard. We respectfully disagree. We disagree because the Fed ought to look at a different problem. Full Story
By: Steve Saville, The Speculative Investor - 27 March, 2012
In other words, economic trends, or at least the general perception of the economy's trend, could push the starting points of the next major advances in the prices of gold, silver and the associated equities out to at least the final quarter of this year. In the interim there would be tradable rallies, but these rallies would end prematurely. Full Story
It drives me crazy when I read stuff by “economists” that is just plain wrong. Some of them are allegedly “MBAs” and “PhDs” but I think that their common sense is actually “DOA”. Unfortunately, millions in the public arena see their interviews and blogs and they seem to automatically swallow their commentaries… hook, line and sinker. Let’s address some of the nonsense that these pundits are expressing. Full Story
What’s the most despised industry sector in the market today? Solar stocks? China frauds? Sure, you can average down on these to zero. What about a real industry that’s starting to finally hemorrhage cash flow? After a decade of continually disappointing investors, large cap gold stocks are finally cheap. Full Story
The whole talk about the USD being the world currency reserve seems silly to me. Over the last decade the USD has been consistently loosing value to commodities, we can clearly see that with higher gold and oil prices. This trend will not change any time soon with ballooning debts and the money printing junkies running central banks all around the world. Full Story
ArabianMoney editor and publisher Peter Cooper hosts a wide ranging interview with the head of precious metals at Emirates NBD, one of the largest banks in the Middle East, Gerhard Schubert. A true precious metals’ veteran Mr Schubert was the last person to trade silver at $52 its all-time high in 1980. Full Story
By: The Gold Report and Jeff Berwick - 27 March, 2012
Jeff Berwick, chief editor and founder of The Dollar Vigilante and avowed anarchist, holds precious metals for safety and holds their equities for profits. In this exclusive Gold Report interview, he counsels geopolitical diversity and paying close attention to precious metal stocks. Full Story
Talk about a sure thing! Here was the kind of inside information that one imagined tumbled from heaven into the ears of the anointed. It concerned not the stock market – we’ll get to that part soon – but a pacer named Happy Yankee A that was running in the seventh race at Roosevelt Raceway outside of Philadelphia one evening nearly four decades ago. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 March, 2012
One of the facts of life over the last 40 years has been that the U.S. dollar is the world’s sole global reserve currency. This is despite the fundamental factors underlying the U.S. balance of payments, which has been awful over that entire time. Nevertheless, the dollar ruled the global monetary system through these four decades and appears to be doing so still. But is that coming to an end? Full Story
To paraphrase the great Steve Martin, today’s investors are very passionate people and passionate people tend to overreact at times. An overreaction is exactly what’s happened in gold and global markets in recent weeks. While market bulls have been sniffing out data points to support their case, market bears have continued to take a glass-half-empty approach. Full Story
The struggle of the mining stocks has surprised many including us. We thought record profits and a bullish environment would catapult the miners out of a consolidation and into a major breakout. The perception of an enduring recovery and the endurance and persistence of the wall of worry stage has left the gold stocks unloved and under-owned and for far longer than we expected. We do have to remember that the miners exploded in 2009 and 2010 and it is normal for a bull market to spend months in consolidation. Full Story
By: Dr. Ron Paul, U.S. Congressman - 26 March, 2012
This week, my congressional committee will hold a hearing to examine how the Federal Reserve bails out European banks, propping up spendthrift European governments in the process. Unfortunately this bailout comes at the expense of American citizens, in the form of higher prices and diminished savings down the road. Full Story
Defenders of fiat currency schemes claim that they promote stable prices and moderate economic volatility. In fact, the opposite is true. Fiat currencies not only destabilize economies but undermine the moral basis of society. Without exception, in every historical case when a currency has been de-coupled from the objective world, i.e., from commodity money, the result has been disaster. Fiat currency schemes guarantee unending monetary and resulting economic, social and political chaos marked by brief periods of calm between inevitable abuses, bubbles and collapses. Full Story
It is wise to begin to prepare for a hurricane. The problem is, which kind? Hyperinflation? Deflationary depression and default? Mass inflation followed by depression followed by another round of inflation? The mainstream media do not discuss this. They all think we can muddle through. I don't think we can. The timing of the hurricane's arrival is a matter of conjecture. But be prepared to batten down the hatches before it comes. Full Story
On the surface it looks like Bernanke has been successful. The economy has rebounded from near recession in 2011 but the unintended consequences are already in play as oil is now back above $100 a barrel and gasoline over $4 a gallon. Bernanke has steered the Titanic straight into the iceberg and now there's no turning back. If Ben doesn't raise rates and drain excess liquidity oil is going to continue to rise until it destroys the global economy again. Full Story
The week ended on an encouraging note for bullion investors, but can we trust this rally? Only with caution. Our hunch is that it was a false start and that precious-metal futures and mining stocks will re-test their recent lows. This puts in doubt a profitable long position we’d recommended in GDXJ, the Junior Gold Miner ETF. Our suggested entry point at 23.93 was hit on Thursday, three cents from the low. Full Story
Show Highlights: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. GUESTS: Monty Guild, Guild Investment Management Inc. Lindsey Williams, The Energy Non-Crisis Full Story
London-based Arian Silver Corporation (London: AGQ | TSX-V: AGQ | Frankfurt: I3A) is focused in Mexico's Zacatecas State, one of the richest known silver-bearing districts in the world. The Company began trial production on its 100% owned San José property in October 2010 with the first batch of concentrate produced and shipped to the smelter in December 2010. Full Story
The last time I called an important bottom in the precious metals sector was on December 29, 2011 (as documented here). Well, it's time for another important bottom. I believe the late December lows in the precious metals (PM) sector were THE lows for the metals, for the GDXJ ETF (a rough representation of the junior Gold mining sector) and for silver stocks (as represented by the SIL ETF). The current bottom is much more important for those seemingly perpetual laggards, the senior Gold mining stocks. Full Story
By: John Mauldin, Millennium Wave Advisors - 25 March, 2012
This Friday finds me sleeping later than I planned … in the lounge at the airport in Stockholm, on my way to Paris. To the great applause of readers all over the world this may be the shortest letter in 12 years. I will write here and on the plane and quit when I land so I can be with friends this evening. No time for exhaustive research, so we will march through random topics that caught my attention this week until it is time to hit the send button. In no particular order, let's jump in. Full Story
Investors are holding their breath after a military mutiny and coup March 22 in Mali, one of West Africa's most established democracies. This Gold Report exclusive delves behind the headlines to analyze the coup's impact on miners. Full Story
All in all it was a pretty quiet week in the US markets long with precious metals while we saw a huge and swift drop in terms of US bonds this past week which is not something we see every day but markets seem to be digesting that news rather well. Full Story
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