By: Scott Wright, Zeal Intelligence LLC - 30 July, 2010
Platinum and gold, how much of a relationship do these metals really have? Gold has been the talk of the town lately, a growingly-popular safe haven in these wild economic times. But platinum, one hardly hears of this metal. Guys like me who have wives with high-end jewelry taste certainly know about platinum, and car buffs are familiar with its use in catalytic converters. But with the average investor knowing very little about this metal, is it even on the same playing field as gold? Full Story
Titanic Battles are being waged in Several Venues. The Battles are Related. The Stakes are Very High. Investor Opportunities and Risks are Substantial and Increasing. Here we briefly Survey the Titanic Battles, and note the consequent Opportunities and Threats. Full Story
Uranium soared from $10 a pound in 2000 to a stunning $136 a pound in 2007 - and then the bottom fell out. After three lean years, could another bull market be ahead? Full Story
Assume, for the sake of simplicity, that you are going to cash out your entire IRA when you reach age 70½. In that case, the choice between contributing to a traditional IRA or to a Roth is nothing more than a bet on tax rates. If your tax rate goes up, the Roth will give you more after-tax spendable cash when you reach age 70½. If your tax rate goes down, contributing to a Roth will turn out to have been a mistake. If your tax rate holds steady, your decision won't matter. Full Story
Since just after WWI, the US dollar has been the primary financial currency used by the Rothschild Cabal to make profits and conquer the world. This became possible when the Cabal started its big push to take over the US in 1913. Full Story
By: Richard Daughty, The Mogambo Guru - 30 July, 2010
Unemployment is a favorite topic of conversation of late, especially among those who are unemployed. I assume it gives them something to do other than watch their lives going down the toilet as the federal government continues with unbelievable levels of deficit-spending and the Federal Reserve continues to create staggeringly more money so that it can be borrowed by the government and then spent, all of which makes prices rise. Full Story
By: Rick Ackerman and Mario Cavolo - 30 July, 2010
Rick’s Picks frequently runs guest commentaries expressing opinions that differ markedly from our own. Below, Mario Cavolo, an expatriate who lives in China, argues that there is no global, deflationary depression bearing down on us, but rather a muddle-along economy with strong spots as well as weak ones. We disagree and see a period of economic darkness more severe and widespread than any ever recorded. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 29 July, 2010
Of ten people who hear the same story or speech, each one might understand it differently. Perhaps, only one of them will understand it correctly. On July 21st, Federal Reserve chief Ben Bernanke was speaking in riddles, as central bankers are apt to do, while delivering his testimony before Congress. Each word that’s uttered by the Fed chief is scrutinized by anxious speculators, who try to interpret the message correctly, before quickly placing bets in the marketplace. Full Story
For now, gold is a monetary value anchor and in a world of eroding confidence in politicians and policy makers who use official paper and digital money, gold represents value; nothing more, nothing less. Still, it is always great to exchange confidence paper for value when value goes on sale. Full Story
Double Dip used to pertain to ice cream cones, but now to dreaded return to economic recession. Green Shoots used to refer to gardening projects, then to deceptive economic viewpoints. My favorite is the second half recovery mantra, indicative of totally clueless. This year's promised recovery in the second half of the year will feature a return to recession instead, thus stripping mainstream economists of any remaining credibility. Full Story
Economic shocks come from nowhere. One day the global economy is humming along; the next day it collapses. Crashes don't occur because the fundamentals suddenly change; they occur because the public at large recognizes the fundamentals and heads for the exit at the same time. What's crashing next is the public's confidence in governments across the Western world. You can guess how that will affect the price of gold. Full Story
After hearing the dire warnings of deflation that have become the standard talking points of most economists, American investors may be reaching for a bottle of Prozac. I believe that their anxiety is misplaced. Unfortunately, modern economists don't understand what deflation is or why, in reality, we have much more to fear from inflation. Full Story
In the end, markets will fluctuate greatly in the short-term. They are random and sentiment can, have, and will continue to turn sharply with little notice. But if you’ve take this opportunity to “rethink” gold, you’ll feel more confident than ever about the future prospects of gold. Full Story
The Federal Reserve is down on its luck. It struck out with near-zero interest rates, gargantuan monetary policy measures, and particularly quantitative easing programs – which all have failed to fire. Now the public is wondering why the Reserve did anything at all. The state of the nation, it seems, is just as poor as it was some many months ago. Full Story
By: Marin Katusa, Chief Energy Strategist, Casey Energy Report - 29 July, 2010
The energy-rich, former Soviet republic has some of the largest oil and gas reserves in the Caspian Sea basin, producing 1.43 million barrels per day (bbl/day) in 2008. And as the giant Tengiz and Karachaganak fields are developed further, an additional 1.5 million bbl/day will be coming off the production line. Full Story
By: Richard Daughty, The Mogambo Guru - 29 July, 2010
I get a lot of mail concerning my single-minded fanaticism about how gold, silver and oil are the best investments to buy when your stupid government is deficit-spending and allowing excess amounts of money to be created, in our case by the Federal Reserve, and particularly that part about buying oil, meaning, of course, oil company stocks. Full Story
We were looking for a 350-point rally as the week began, but at the rate stocks have been rising it could be Labor Day before the Dow Industrials hit our 10757 target. In the meantime, dirges like yesterday’s could have satisfied neither bulls nor bears, since it took the blue chip average six tedious hours to work its way just 40 points lower. Full Story
Leverage is a very natural part of a great number of traditional investment options. Real estate investing is nearly dependent on leverage; stock traders have up to two times leverage through their brokerage accounts, futures traders are naturally highly leveraged, and currency traders use the most extreme leverage of any investor. So where does this leave the market for physical metals? Full Story
WHATEVER FORCE you spy behind this week's swoon in gold prices to $1160 per ounce and lower, 'tis but a scratch – a flesh wound – so far. "I've had worse!" as Monty Python's Black Knight says. Full Story
By: Bob Chapman, The International Forecaster - 28 July, 2010
As we long ago predicted, 2005 was the beginning of the collapse of the housing bubble. The result was financial chaos and a credit crisis that enveloped the US, Europe and eventually the world. Some would like us to believe that materialism and selfishness were the reasons for bubbles, but the causes go far deeper than that. US, UK and European central banks, due to their greed for power, and a desire for world government, allowed debt to get totally out of control. Full Story
The crisis is dead! Long live the crisis! In an attempt to address the debt crises swirling around the globe, policy makers have responded with a mishmash of somewhat questionable approaches... Full Story
Two widely respected economic commentators, Harvard's Niall Ferguson and Nassim "black swan" Taleb, have offered highly pessimistic assessments of what lies ahead for the American economy. Full Story
By: Richard Daughty, The Mogambo Guru - 28 July, 2010
I knew the instant that I read the article’s title, “Fed Nominees Seek Economic Boost” in The Wall Street Journal, that I was probably going to be outraged and end up screaming a fearful and angry Mogambo Howl Of Anger (MHOA). Full Story
Has Gold’s price action been getting you down lately? Take heart, since relief could come as early as today or tomorrow in the form of a Hidden Pivot support at exactly $1140.10. For the last two weeks, that’s been our downside target for the correction begun five weeks ago from around $1266, although it didn’t begin to emerge with clarity until the August Comex contract plunged from $1208 right after the July 4th holiday weekend. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 July, 2010
Mr John Levin of HSBC in a recent gold conference pointed out that some top U.S. Asset Managers were fearful of the possibility of government confiscation of gold. He explained, that on being told that the bank's U.S. vaults had sufficient space available for their gold he was told that they did not want their gold stored in the U.S.A. but preferably in Europe because they feared that at some stage the U.S. Administration might follow the path set by Franklin D. Roosevelt in 1933 and confiscate all U.S. gold holdings as part of the country's strategy in dealing with the nation's economic problems. Full Story
By: The Energy Report and Rick Rule - 27 July, 2010
Global Resource Investments Founder and CEO Rick Rule, who expects the secular bull market in commodities to run another 10 years, also expects it to be a wild ride at times. Given the psychological capacity to absorb dizzying drops and the financial capacity to take advantage of them, investors can avail themselves of spectacular opportunities during some market downturns. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 27 July, 2010
At long last, a good portion of mainstream economists now concede that a 'double dip' recession is in the cards for the United States. To head off the pain, sixteen top economists addressed an open letter to the President urging him to "stimulate" the economy with a massive new round of government spending. We feel this is a recipe for driving a recession into a depression. Full Story
It’s critical to understand that the top of the US dollar occurred at the 1.20 level, and was created by the movement of the banks out of the dollar and into the euro, gold, the commodity currencies, and general commodities themselves, in 2002. Just since 2002, the US dollar has lost a staggering 40% of its price on the index, and much more against gold. Full Story
Summing up, there are bearish indications for gold, silver and mining stocks in the next several weeks (we are likely to see a short-term bounce to the upside though - perhaps very soon) due to the recent recovery and rally seen in the Euro Index, and the fact that it has been rallying rather poorly given recent upswing on the general stock market. Full Story
Folks, big smart money traders don’t sell into weakness. These kinds of investors don’t think like the typical retail investor who is forever trying to avoid draw downs. Big money investors take positions based on fundamentals and then they continually buy dips until the fundamentals reverse. The fundamentals haven’t reversed for gold so I’m confident in saying that smart money isn’t selling its gold, it is using this dip to accumulate. Full Story
By: Steven Saville, Speculative Investor - 27 July, 2010
In our 5th August 2009 commentary we discussed the strong tendency for one of the most dominant investment themes of a decade to make a 'blow-off top' during the final few months of the '9' year or the first half of the '0' year. At that time we thought that the best candidates for a 2009-2010 speculative bubble peak were gold, the currencies (a blow-off move to the downside in the US$ and corresponding blow-off moves to the upside in the euro, SF, A$ and C$), government debt, and China. Full Story
Spotting the consensus buy at an event like the Agora Financial Investment Symposium in Vancouver last week is a good indicator of the way markets will move. Two years ago they got the stock market crash spot on. Full Story
Fofoa has just published another thoughtful paper with the title: Red Alert: Gold Backwardation!!! http://fofoa.blogspot.com. It raises the question nobody has apparently raised before: “Is the dollar bidding for gold, or maybe gold is bidding for dollars?” And it gives an amazing answer: the gold basis has been screwed and it has been giving bogus signals for more than a year. Full Story
So, if gold peaks and real estate bottoms in about five years, then a house will cost you about 100 ounces of gold in 2015. Maybe it will take ten years, but the point is, I think we can count on the ratio moving lower this decade, and probably significantly so. Even for the modest budget, 100 ounces almost sounds manageable. Full Story
Inflation is defined as the rate at which the general level of prices for goods and services is rising, and, subsequently, the purchasing power is falling. I’ve always thought of inflation in terms of what we get and what we pay, but quality and service are as important as quantity, for the price. Full Story
One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat. Full Story
By: Richard Daughty, The Mogambo Guru - 27 July, 2010
The way that federal taxes are going up next year by huge percentages is Very Interesting News (VIN) for gold-bugs like me, and probably the Founding Fathers who wrote the Constitution, too, if they were still alive, as we all think that gold-as-money is the only “way to go” because it absolutely precludes rapid increases in the supply of money... Full Story
Stocks on Monday achieved a bit less than a third of the gains we had unenthusiastically projected for the week, with the Dow Industrials settling exactly 100 points above Friday’s close. We say we were unenthusiastic in forecasting a 350-point rally because share buyers themselves have shown little enthusiasm for the task. Full Story
By: The Gold Report and Vikas Ranjan - 26 July, 2010
Could gold hit $1,500 by year-end? Ubika Research Cofounder and Analyst Vikas Ranjan thinks so. In this exclusive with The Gold Report, Vikas tells us he's pretty bullish on the yellow metal. Full Story
The hubbub started when hedge fund guru George Soros proclaimed gold to be in a bubble, and it is still roiling nearly six months later. Gold advocates jumped to its defense, while critics took the offensive. As it turns out though, Soros was not really issuing a warning so much as he was explaining why he was making a considerable investment in gold bullion. Full Story
Despite the downturn, they’re absolutely booming. While most-watched stock markets are flat at best, their stock markets are running up. Best of all, there are a lot of reasons these runs will continue in the short- and long-term. Full Story
Every morning it’s the routine, the bureaucracy’s price managers goose the stock market futures, only to see any early gains given back not long afterwards. Of course they are a persistent lot, and have unlimited funds in theory, so they also show up in the last hour of trade prop up prices as well. And this occurs day in and day out, which has kept prices artificially high for quite some time. Full Story
Last week I argued that the theory of a coming decline in prices just around the corner was a balloon full of hot air, and like all such balloons it was bound to sail into the atmosphere. So far from this “deflation” theory being true, it is a deliberate falsehood and in fact is a very good indicator that the exact opposite will happen. Full Story
Gold has been on a tear since the low in 1999 at $252.50 ($GOLD) per ounce, thrashing virtually every other asset class for over a decade as it soared to its $1265 high in June 2010. A solid case can certainly be made that as long as the dollar is being destroyed by loose fiscal and monetary policy that gold has a one-way ticket to higher prices. However, no market runs to the sky. Full Story
The London Bullion Market Association has just taken the highly unusual step of blocking access to statistics relating to the trading activities of its member bullion banks. This information has been available to the public since 1997 but as of this week it is available only to LBMA members. Full Story
The trend is your friend and this article reviews the 7 most popular trend indicators to help you make an extensive and in-depth assessment of whether you should be buying or selling stocks, bonds, ETFs, gold or silver for your portfolio. If ever there was a “cut and save” investment advisory this article is it. Full Story
Markets rise when the preponderance of participants are buyers, and fall when the preponderance of participants are sellers. One of the key ways to anticipate the pendulum swings of participant behavior, and therefore price behavior, is to evaluate sentiment. Sentiment, more than fundamentals or technical analysis, trumps everything. Full Story
It’s not your imagination -- even ostensibly “exciting” stocks have been screwing the pooch since spring. Apple, for one. In recent weeks, it has been one of DaBoyz’ favorite con-jobs because of a signal-reception problem in the iPhone4. When news reports concerning the product’s poorly designed antenna maxed out a little more than a week ago, it looked like a major corporate blunder. 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 Ian, Conquerchange.com David Morgon, Silver-investor.com Full Story
Adam Smith in his Wealth of Nations worked out the foundations of a second type of credit that is based, not on savings, but on consumption. Later this theory was pejoratively called “Real Bills Doctrine” by its detractors. We stick to this name because the adjective “real” admirably captures the essence of a bill of exchange, making it different from anticipation bills, accommodation bills, treasury bills, which all have a measure of being “unreal”. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 25 July, 2010
The member of the U.S. Commodity Futures Trading Commission who has been advocating imposing position limits on traders in the precious metals markets, Bart Chilton, has made a video explaining why he thinks the financial regulation law just enacted by Congress and President Obama promises great progress, particularly in making the commodity markets freer and more transparent. Full Story
By: John Mauldin, Millennium Wave Advisors - 25 July, 2010
The debate over whether we are in for inflation or deflation was alive and well at the Agora Symposium in Vancouver this this week. It seems that not everyone is ready to join the deflation-first, then-inflation camp I am currently resident in. So in this week's letter we look at some of the causes of deflation, the elements of deflation, if you will, and see if they are in ascendancy. Full Story
By: Bob Chapman, The International Forecaster - 25 July, 2010
The talk of recovery pervades insider thinking. The major media worldwide plays the same refrain. This is a desperate attempt to befuddle the public with misdirected propaganda to preserve confidence in a system that is in a state of collapse. As CNBC leads the charge, loss of faith in the system grows with each passing day. Full Story
Last week, the price of gold again broke below its new base at $1,200, and the U.S. stock market was again under strong pressure, due to a confluence of fears, most of which point to a deflationary double-dip. The fears were fanned by disappointment in the just-released early quarterly results, by the latest CPI reports that show inflation continuing to moderate, and by yet another poll revealing faltering consumer confidence. Full Story
You can tell a lot about the state of the economy by simply looking at the covers of national news magazines. Or perhaps a better way of saying it is that you can get a good sense of how most Americans perceive the state of the economy by perusing the mainstream magazines. Full Story
With silver attracting headlines, cult-like following, and higher prices, silver investors should be on high alert for a scam being perpetrated on the internet. Newly minted fake coins are finding their way from Chinese counterfeiters to Ebay and then to investors who unknowingly purchase $20 rounds that are in reality only a few dollars worth of metals. Full Story
By: Richard Daughty, The Mogambo Guru - 25 July, 2010
In the calming environment of the Big Mogambo Big Is Better Bunker (BMBIBB), I can finally relax by sitting, armed to the teeth, amongst my puny trove of gold, silver and oil, idly trying to say, “Big Mogambo Big Is Better Bunker” five times quickly until my seething, vaguely homicidal rage at the Federal Reserve and the socialist/fascist/ communists in the White House and Congress that have destroyed us all. Full Story
Gold and silver advocates and aficionados have had a strong supporter and promoter for years in North Idaho named Edgar J. Steele. Steele has been important to the pro precious metals people and markets because he was a prominent lawyer who had defended several legal cases which received wide press across America. Full Story
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