Bottom line: COMEX commercials’ increase short bets for both gold and silver, but not aggressively. Gold +2.4% and the gold LCNS +3.2%. Silver +1.9% and the silver LCNS 3.9%. Details just below. Full Story
By: Kevin Brekke and David Galland, The Casey Report - 30 April, 2010
On April 22, Eurostat, the statistical arm of the European Union, released figures on EU member states’ government deficits and debt for 2006-2009. The European Commission requires member states to report certain data every April. Full Story
By: Scott Wright, Zeal Intelligence LLC - 30 April, 2010
Since most countries accurately report mine output, and several agencies catalog this information, we know where in the world gold is being produced. But where in the world are the juniors exploring for gold? Are they spinning their drills proportionate in geography to where the miners are operating? I hear questions like this all the time, but unfortunately there is no collective means of knowing where the juniors are concentrating their efforts. Full Story
By: Daniel Aaronson and Lee Markowitz - 30 April, 2010
The extraordinary gains in the Chinese real estate market may be coming to an end. In fact, there are several indications that the property market bubble is topping and that the measures instituted by the Chinese Government to slow down the property market will be effective. Although the Chinese infrastructure boom is often cited as the underlying reason for the global growth story, industrial commodities and many global stock markets are ignoring the threat of a slowdown in China. Full Story
The modus operandi (MO) of deviant behavior aids investigators in doing criminal profiling. Forensic accounting takes a similar approach and leads us to some unnerving conclusions about Uncle Sam. As Tax Payers we place our sacred trust in our elected officials and government. Is that trust being handled similarly to how Goldman Sachs apparently has been handling its fiduciary responsibilities? Full Story
Summing up, although the general stock market has been rallying strongly since February, we again state that the correction, which we still feel is inevitable, may still be some time away. The market appears to have gained some strength of late, which should hold off a short-term correction for the near future, which has bullish implications for the gold market. Full Story
By: Marin Katusa, Senior Editor, Casey’s Energy Opportunities - 30 April, 2010
In December 2008, after OPEC warned of “substantial cutbacks,” I voiced my strong opinion that the members of the Dirty Dozen would cheat, because cartels always cheat. Sure enough, despite all the talk about production cutbacks, even more oil flowed out of OPEC. Full Story
By: The Gold Report and John Williams - 30 April, 2010
ShadowStats' John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is in a depression and why a "Hyper-Inflationary Great Depression" is now unavoidable. John also shares why he selects gold as a metal for asset conversion in this exclusive interview with The Gold Report. Full Story
Ever since the price high of 1227 in December, gold has been in a trading range. The most recent rally has brought gold to the upper ceiling of that trading range and the question now is whether this move will propel gold higher and above the trading range, whether we in for more sideways action or a seasonal correction. Full Story
Much has been made about how the massive bailouts of Wall Street firms have come at the expense of US taxpayers. And after having posted record profits during the peak of the real estate boom, it is easy to understand Main Street's anger at picking up the multi-trillion dollar tab - especially as Wall Street's bonus machine is spinning once again. Full Story
While most government and private pension funding arrangements and individual retirement plans have not yet totally collapsed, they are as a minimum teetering on the brink and about to go down the tubes. This Goldsmiths will now go on record and suggest that all of them linked to the United States/the US dollar for funding will soon be worthless, in terms of benefits for their subscribers. Full Story
By: Richard Daughty, The Mogambo Guru - 30 April, 2010
If you want to know where the stimulus money winds up, don’t look in my wife’s purse, because I have been there several fruitless times in the last few weeks, and she almost caught me twice. And don’t look in my wallet, as my kids have been there several fruitless times in the last few weeks, too, until I started strapping my wallet to myself with duct tape, which stopped that “Let’s look in daddy’s wallet!” crap in its tracks. Full Story
All of this bodes well for Silver’s performance in the weeks ahead, and if the rally goes just a little further today, exceeding the 18.900 high recorded in early January, we’d infer that buyer will have little trouble punching through the multi-decade high at 19.495 made near the end of 2009. Moreover, and to be precise, a breakout above last year’s high would all but clinch a move to at least 20.21, or to 21.53 if any higher. Full Story
Have the Federal Reserve’s unprecedented market and banking interventions fundamentally weakened America’s banks? In this article, we will illustrate how the Federal Reserve has been hollowing out the US banking system. We will show how the Fed has been creating a banking industry shell that looks strong on the surface, but is increasingly empty beneath that facade, with less and less economic strength, and an ever greater reliance on the Federal Reserve’s monetary creation ability. Full Story
So is the FED's blustering and jawboning about its "control" of interest rates simply be hot air? Does it just print the new money and then monitor the short-term US Treasury interest rates? If so, then the flat-lining at near-zero interest rates for over a year now is even more of a pressing concern as the ship may be sailing without a rudder! Full Story
Frequently we are told that gold will go to $2,000, $3,000 or more. We will not get into all of the arguments of attempting to arrive at a reasonable price based on supply/demand, inflation/deflation, etc. but rather to see if there is a pattern we can detect from reviewing some historical charts. Full Story
We have been looking at global trends and the debt markets very carefully this year so as to remain prudent about our views on the direction of gold and the Australian gold sector. This may seem like a long bow to draw however the thigh bone is connected to the knee bone when it comes to global markets and capital flows. Full Story
All the precious metals are behaving extremely well in the face of a stronger dollar; the standout player is Palladium. Palladium has refused to buckle under the face of a stronger dollar and instead continues to put in a series of new highs. This is what a true bull market looks like. Full Story
Nothing works like gold when you need to hedge against your own currency... WEDNESDAY'S NEWS that, at last, Standard & Poor's has caught up with the bond market – and the steady trickle of fleeing bank deposits – by downgrading Spanish debt had a marked effect on the Euro. Full Story
By: Richard Daughty, The Mogambo Guru - 29 April, 2010
I was having breakfast with the family, and to keep from having to listen to their boring stories about their boring lives while I ate, I told them that I keep having a nightmare where a creature, not unlike in the movie Alien, is growing inside me, eating my guts out, and will soon burst out of my chest and proceed, I assume, to finishing eating what is left of me. Full Story
We’ve featured both bullish and bearish headlines here in recent weeks, so it’s time to clarify the outlook lest readers become confused. In brief, we are looking for an approximately 1400-point rally in the Dow Industrials this summer, but we’re prepared to turn bearish if a change in stock market’s technical condition warrants it. Full Story
By: The Gold Report and Mickey Fulp - 28 April, 2010
"If we have a robust gold price, we are going to have a robust junior-stock market," asserts Mickey Fulp, "The Mercenary Geologist." In this exclusive interview with The Gold Report, Mickey explains that gold evaluations may not be reflected in prices. You'll also learn that he is more bullish on a select group of companies rather than on the sector as a whole. Full Story
Since early 2009 we’ve written about the super-bullish long-term cup and handle pattern in Gold. It dates back to 1980 and has a logarithmic target of about $2,100. We noted that previous cup and handle patterns in Gold all reached their logarithmic target1. We expect that this move to $2,100 will be the recognition move that awakens the masses to the Gold bull market and the reality of severe inflation in the near future. Full Story
Investors and traders are increasingly recognizing the value of using Fibonacci ratios to anticipate support and resistance prices in major equity indexes. Fibonacci ratios are natural phenomena found in seashells, tree rings, music masterpieces like Beethoven’s ninth symphony, and even in the order found in the structure of galaxies. Full Story
It seems that gold and the Dow have an agreement regarding the number 10. This number has acted like a “golden ratio” in that things really start to happen before or after the Dow/gold ratio breaches 10, either way. Full Story
First of all, I must admit that I am one of those "Conspiracy Nuts" who loves to read meaning into the back of the US $1 bill like I'm trying to solve a centuries old puzzle. The "All Seeing Eye", the pyramid, "One World Government", Masonic symbols, the implications of the Latin words, even the words "In God We Trust" added in 1955...all of it...I'm a big fan of secret meaning. Full Story
By: Bob Chapman, The International Forecaster - 28 April, 2010
One thing the Greek crisis has shown us is that gold is a viable alternative to currencies. In spite of all the manipulation by the US government and the consistent blatant attempts to suppress both gold and silver they come back time after time. Gold finished last week strongly, as did silver and this week they will have to hold off the onslaught of our elitists, as both gold and silver options expire simultaneously. Full Story
Yesterday US stocks took their biggest tumble for a couple of months. Indeed, global stock markets were a sea of red. It could get much worse if this is really the final end of the 14-month rally in global markets that has left stocks at valuation levels only seen before in 1929 and 2000, both years of horrendous crashes. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 28 April, 2010
The next phase of the global debt crisis could be on the horizon, if Euro-zone politicians fail to take swift action, and prevent Athens from defaulting on its debts. German banks have $330-billion of loan exposure to Greece, Portugal, and Spain, while French banks had $307-billion of claims, and British lenders have $156-billion. Full Story
This month’s jump up in precious metals, resources and oil reinforces that the lows in February were likely the lows for the downward correction. For now, the second quarter is off to a good start. The fact that gold’s decline was mild (down 13½%) is saying that the underlying bull market is strong and solid. You should now have your positions bought and in place, waiting for the bull market to further unfold. Full Story
As Congress looks to pass a financial overhaul bill to prevent a second coming of the Troubled Asset Relief Program and another financial crisis, one of the biggest winners are holders of physical precious metals. Language in the bill meant to reduce the volume of the derivatives market could send the price of physical metals soaring. Full Story
By: Richard Daughty, The Mogambo Guru - 28 April, 2010
I had gradually reset upward the Minimum Threshold Value knobs of the Mogambo Fed Credit Alert System since things started getting whacky and it kept waking me up, alarm bells going “clang, clang, clang” in my ears, depriving me of sleep, but also from the lack of sleep caused by shutting one’s eyes and seeing the sheer horror of what will happen as a result of the Federal Reserve creating So Freaking Much (FFM) money. Full Story
Greece’s financial problems took a dramatic turn for the worse yesterday, causing stocks and bonds around the world to plummet on news that Greek bonds had been downgraded to junk by Standard & Poor’s. The rating agency’s decision was particularly unsettling for investors because just last week a $60 billion emergency credit line was extended to Greece by the IMF, Germany and other European nations. Full Story
One of Earth Day's traditions that at least several of my relatives and friends have begun is to start new habits such as eating foods without chemical preservatives (yes, even those the FDA says are safe), reusing bags, recycling paper, glass, and aluminum products, or biking to work every day. My new habit? Minimizing use of dollar bills, aka “Federal Reserve Notes.” Let me explain. Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 27 April, 2010
Just as the U.S. consumer is key for Chinese exporters, so too is the Chinese consumer key as an export destination for the rest of emerging Asia. A research note this week from the Hong Kong-based brokerage CLSA Asia Markets spells out how important the Chinese consumer was in pulling its neighbors up and out of the Great Recession. Full Story
In our previous essay we've discussed i.a. the changes in the strenght of influence that the U.S. Dollar has on the price of gold and what it means to gold Investors / Traders. In the following essay, we will provide you with a follow-up on the analysis regarding U.S. Dollar, and then we will move to the gold market itself. Full Story
Recently, there has been a lot of news and evidence supporting the likelihood of the Chinese authorities allowing the Chinese currency, the yuan or renminbi (CNY), to trade within a wider trading band. Why? Full Story
I had a conference to attend in Southern California last week but the true capstone was a Sunday evening dinner with several readers. Although ‘gold bugs’ may be perceived in their writing as cranky I have found them to be among the most considerate and cultured company. Perhaps it stems from their respect for individual rights. Full Story
The paper debt tickets (i.e. currency units) that most of us work for are nothing but a concept. That concept is mutually agreed upon. That concept is being abused and will likely be destroyed before a new secular stock bull market can begin. Full Story
Some time during the next few years, the world as we know it will change dramatically. All the fraud that is coming to light now will be purged. Confidence in the unbacked currencies that the world runs on now will be lost. There will be a desperate race into gold. Full Story
As you may be aware, over the past few weeks, much has been made of this unconventional source of energy. Some fine publications have even called shale gas a ‘game changer’ and most people are now convinced that shale gas has made ‘Peak Oil’ irrelevant. So, is shale gas really the miracle pill or is it yet another empty promise from a desperate industry? Full Story
By: The Gold Report and John Pugsley - 27 April, 2010
John Pugsley's Stealth Investor portfolio has been outperforming the major indices since its inception four years ago. In this exclusive interview with The Gold Report, John explains how focusing on companies with smaller market caps allows his portfolio to upstage the market, and why the precious metals and energy sectors offer investors unique opportunities. Full Story
By: Richard Daughty, The Mogambo Guru - 27 April, 2010
Toby Connor has an essay posted at goldseek.com with a title that I find very intriguing, namely “The Strong Hand Theory” because it sounds like it could be all sorts of terrific things, ranging from a new Sherlock Holmes mystery to “How to destroy brick buildings with a karate chop with your bare hand and impress girls!” Full Story
We’re so bullish on the stock market right now that we can barely look ourself in the mirror. Having hated the Mother of All Bear Rallies since it began nearly fourteen months ago, we’ve tried to make our peace with it by projecting higher prices the whole way up; by trading from the long side whenever a fat opportunity presented itself; and – this is the fun part – by shorting every upthrust that kissed a promising short-term target. Full Story
At the risk of exposing myself as the psychologist wannabe that I am (there are multiple mental health professionals in the subscriber base), let’s think about the general [psychological] profile currently in play. Full Story
As with Rome, that became the globally unchallenged center of power and finance in its time, so to is the American Empire visibly rotting from inside now as well, which will be its undoing. The elitists steer the bureaucracy to do their bidding in an effort to increase the power of the machine, and this can go on for some time, which it has. Full Story
In letting its budgets sprial out of control, the Post Office has effectively "gone postal" on itself. Irony, or inevitability (what's in a name?) -- you decide. At any rate, this budgetary meltdown into operational disfunction is just a microcosm of what's in store for the U.S. Government as a whole. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and listener's questions. 2nd Hour: - Robert Kiyosaki - Bob Hoye Full Story
Many a weekend since the beginning of the year has been occupied by a “crisis” in the euro. But this weekend’s “crisis” seems to be the mother of them all. As such, it will probably put an end to them, and the gold market will pull out of its funk and resume its bull trend. Full Story
By: Bob Chapman, The International Forecaster - 26 April, 2010
The collapse of the fiat money system is underway and each day picks up momentum. The only question is how long it can survive? In the interim we are faced with inflation and perhaps hyperinflation as the privately owned Federal Reserve and other central banks add stimulus and money and credit into their financial systems. Full Story
It’s been quite a week for gold news junkies like us. Trying to keep up with all the latest news can drive someone to drink, or worse. Luckily, just about everything that affects the precious metals markets ends up distilled in a series of key indicators we market watchers keep tabs on. So if all the news makes us pine for something “distilled” how about some charts? Full Story
Speculation has been rife in the financial press lately about the possibility of another financial market meltdown. It seems that investors are waiting for the proverbial “other shoe” to drop as worries continue to mount over the sustainability of the financial market recovery that began over one year ago. Full Story
Is gold already in a bubble? News for gold bulls just keeps getting better and better. A few weeks ago the World Gold Council announced it expects China gold-buying to double over the next 10 years. Full Story
By: The Gold Report and Victor Gonçalves - 26 April, 2010
Equities and Economics Report writer Victor Gonçalves says he favors "no-brainer" companies, meaning those you don't have to worry about. In this exclusive interview with The Gold Report, Victor offers his perspectives on long and short-term investor commitment. Full Story
We’ve become used to jobless economic recoveries, since, more than anything else, it is the downsizing of payrolls that has caused corporate profits to rebound from recessionary troughs. In theory, this is part of the “creative destruction” that helps the economy get lean and mean: Workers who have lost their jobs migrate to stronger companies, many learning new job skills to meet the demands of emerging businesses. Full Story
While things are incredibly bullish everywhere you look, including the precious metals, options expiry is Tuesday April 27, so be aware gold and silver could see some consolidation until that passes. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
