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Weekly Archive

By: Casey Research - 31 October, 2014

Vladimir Putin is stripping America of its superpower status. But he's not using bombs or tanks to do it. He plans to destroy the one thing that underpins demand for the dollar and Americans’ way of life: the petrodollar system. This was the secret pact Kissinger struck in the vast oil rich deserts of Saudi Arabia. America guaranteed to defend Saudi Arabia and the House of Saud in perpetuity if the Saudis would sell oil in dollars. But many countries resent this system, and their leading spokesman is Putin. There’s a new Colder War going on, and it’s threatening the only thing holding America at the top. Full Story

By: Scott Wright, Zeal Intelligence - 31 October, 2014

Elephants are the world’s largest land animals. And though there aren’t many, they can still be found scattered across the planet. In the mining industry, super-large-sized deposits are often referred to as elephants. Like the animal, these deposits aren’t all that common. But also like the animal, they can still be found. Full Story

By: Chris Powell, Secretary/Treasurer, GATA - 31 October, 2014

1) That for the time being central banks and the governments they control remain in charge of the gold price and most prices through the rigging mechanisms of gold reserve leasing and swapping and the futures markets, where they are able to deploy infinite money in secret.
2) That as the world's economy continues to weaken, with wealth being transferred from the masses to the elites, central banks and the governments they control will resort to still more totalitarian methods to maintain their control. Full Story

By: Deepcaster - 31 October, 2014

Major Geopolitical, Economic and Financial Events will occur beginning this November. And certain of these will generate Mega-Moves in Key Sectors. And Legendary Investor Julian Robertson has correctly identified one of them — The Great Bubble Event which will end in “a very bad way”. Indeed, the Jaws of Death and Hindenberg Omen Technical Signals are forecasting these Events and their impact on the Markets. Full Story

By: Manish Thatte - 31 October, 2014

I was just wondering this morning, what new drama we are about to see, when the Quantitative Easing Program by the US Federal Reserve has ended. Well, The second Act of the drama has begun. The Bank of Japan has stepped in and begun pumping liquidity into the markets by way of asset purchases. And right on cue, the global stock markets (especially the BSE Sensex and Nifty) have bounded to lifetime highs...Underlying fundamentals be damned!!! And mind you, this is all hot money, quick to come and quicker to flee. Full Story

By: Clif Droke - 31 October, 2014

Lacking a distinctive catalyst, gold prices have languished in recent weeks after a failed turnaround attempt earlier this month. Gold’s primary form of price propulsion is fear and uncertainty; as long as investors are worried what the future might hold, gold is treated as a financial safe haven and its price tends to appreciate due to increased demand. When investors aren’t worried, however, gold is typically ignored and risk assets (viz. equities) become the preferred choice. Full Story

By: - 31 October, 2014

GoldSeek Radio Nugget: Kevin Kerr & Chris Waltzek Full Story

By: - 31 October, 2014

GoldSeek Radio Nugget: Charles Nenner & Chris Waltzek Full Story

By: Turd Ferguson - 31 October, 2014

So now that we've established that the numbers I'm about to present may be about as real as The Tooth Fairy, let's get right to it. Shall we? Last week, there was all sorts of mumbling and grumbling about the 10 metric tonnes of eligible gold that had suddenly departed the JPM Comex gold vault. And not only was it a whopping 10 metric tonnes, it was a perfect and precise to three decimal points 10 metric tonnes. Full Story

By: Jordan Roy-Byrne, CMT - 31 October, 2014

Last week we argued that the underperformance of the gold miners during Gold’s rebound was a bad sign. Since then the miners have plunged to new lows while Gold appears to be at the doorstep of a major breakdown below $1180. It shouldn’t be a surprise as it would simply be following the miners and Silver. The current bear market is getting very long in the tooth but it is not yet over. We see more losses ahead before a potential lifetime buying opportunity. Full Story

By: It's a Mystery - 31 October, 2014

Worldwide equity markets are a nuisance compared to worldwide debt markets. When you understand that derivatives (think leverage) all have interest rate components and have only seen falling yields the past thirty years. You better pay attention to the following chart. When this chart breaks the Fat Lady has sung and it is game over and I do mean over. Full Story

By: Alasdair Macleod - 31 October, 2014

China first delegated the management of gold policy to the People's Bank by regulations in 1983. This development was central to China's emergence as a free-market economy following the post-Mao reforms in 1979/82. At that time the west was doing its best to suppress gold to enhance confidence in paper currencies, releasing large quantities of bullion for others to buy. This is why the timing is important: it was an opportunity for China, a one-billion population country in the throes of rapid economic modernisation, to diversify growing trade surpluses from the dollar. Full Story

By: Gary Dorsch, Editor, Global Money Trends - 30 October, 2014

October has a reputation as a graveyard for many Bull markets, a reputation that was enshrined by the “Black Monday,” Crash in October 1987, when the Dow Jones Industrials plunged -22% in a single day. And then again in October 2008, the Dow plummeted -3,000-points from as high as 10,882 on Oct 1st to as low as 7,882 hit on Oct 10th. The Dow ended the brutal month of Oct 2008, with a loss of -2,675 points, or -14.1% for the month. The S&P-500 Index fared worse, with a -17% decline, - the worst since the -23% drop in October 1987. Paper losses in US-stocks came to $2.5-trillion for the month. Emerging markets suffered even more, shedding -29%. Full Story

By: David Chapman - 30 October, 2014

Investors fear a stock market collapse. What they should really fear is a bond market collapse or more specifically a debt collapse. A stock market collapse can cause considerable damage. Debt collapse could lead to bankruptcy and an economic depression. There is a lot more debt in the world then there are equities. The global stock market is estimated to be about $64 trillion. Total global indebtedness, according to ING Economics is $223.3 trillion. And that was back in 2013. Full Story

By: Casey Research - 30 October, 2014

Putin is attacking the true source of American power—the petrodollar—and he’s got China, Brazil, India, and South Africa in his corner. They’re aligning themselves to fight the EU, America, and the IMF. And as each month passes, Putin is using Russia’s position at the center of the world’s energy matrix to forge new alliances and deals. How long before the world discovers that Obama and America are hiding behind a curtain with no powers anymore? Full Story

By: Guy Christopher - 30 October, 2014

Gold is a touchy subject on Wall Street. It has been ever since FDR drove Americans and their gold apart 80 years ago. Although gold bullion ownership has been legal in the U.S. since 1974, a relentless government campaign to dampen the gold price has left gold trailing in public popularity and perception. Full Story

By: Jared Dillian - 30 October, 2014

I had an instant-messenger conversation with one of my clients the other day. It was pretty annoying—he wrote things like “BULL MARKET, DUDE,” and harangued me about my net-short positioning. Then he started telling me that the market was going to rip if the Republicans took both houses of Congress in the midterm elections. At that point, I felt like I needed to intervene. Full Story

By: Council on Foreign Relations - 30 October, 2014

Alan Greenspan discusses current trends in the global economy and his solutions for addressing the financial crisis. Full Story

By: Bill Holter - 30 October, 2014

In part one, I recounted Alan Greenspan's one on one interview with Gary Alexander. Later in the day Saturday, Alan Greenspan was part of a round table with Porter Stansberry and Dr. Marc Faber, moderated by Mr. Alexander. While both Stansberry and Faber had a couple of good "zingers" for Mr. Greenspan early on and they both had good points and additions to the discussion, I want to concentrate on what Alan Greenspan had to say. Before getting to part 2, I do want to make one correction to yesterday's piece. Full Story

By: Peter Cooper - 30 October, 2014

Swiss private bank Julius Baer’s chief investment officer Burkhard Varnholt told ArabianMoney that the gold referendum in Switzerland (click here) is likely to pass and that will send gold prices much higher next year as the Swiss Central Bank will then have no alternative but to buy gold. Full Story

By: Steve St. Angelo, SRSrocco Report - 30 October, 2014

For some strange reason, the Western official gold demand figures for China are WAY OFF. According to a recent article by Koos Jansen at, the Chinese Gold Association reported much higher gold demand than the figures published by the World Gold Council. In the article, China Gold Association: 2013 Gold Demand Was 2,199t, wholesale gold demand in China was 2,199 metric tons (mt) in 2013 compared to the 1,066 mt reported by the World Gold Council. Full Story

By: Przemyslaw Radomski, CFA - 30 October, 2014

Briefly: In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. Gold and mining stocks declined yesterday in a rather profound way. The GDX ETF finally broke below its 2013 lows and the volume that corresponded to this action was high. However, silver almost didn’t react – why didn’t it? Will we see a rally shortly? Full Story

By: John Mauldin - 30 October, 2014

The story of energy is the story of human expansion. From the days when we roamed the African savanna, we tamed first fire and then other forms of energy, using them as tools to control our environment and improve our lives. The control of energy has always been at the heart of the human story. Full Story

By: Casey Research - 29 October, 2014

Vladimir Putin commands the utmost loyalty from those around him, whereas American politics is now characterized solely by infighting and self-destructiveness. It’s this unity of purpose that explains how Putin and his St. Petersburg boys managed to rise to power from humble beginnings and why they’re winning the fight to control global energy trade. Putin is fiercely committed to restoring Russia’s superpower status using its vast energy resources as an economic weapon. Can American possibly compete? Full Story

By: The Gold Report - 29 October, 2014

Between a rising U.S. Dollar Index and black swan events around the world, it's looking like bunker time for Bob Moriarty. In his latest interview with The Gold Report, the founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves. Full Story

By: Graham Summers - 29 October, 2014

We’ve now seen the last day for a Fed POMO. If you’re unfamiliar with this term, it stands for Permanent Open Market Operation. This is the mechanism through which the Fed pumps money from QE into the financial system. It’s also the single most important item as far as stock market rallies are concerned. Full Story

By: Bill Holter - 29 October, 2014

While deciding how to write this piece regarding the interviews of Alan Greenspan, it dawned on me that has to be done in 2 parts. GATA followers had very high hopes Mr. Greenspan could be pinned down with nowhere to go regarding the central banks foray's into the gold market, these hopes were dashed ...sort of. In this piece I will try to relate to you what was said in the first of two interviews of Alan Greenspan by Gary Alexander. Along the way I plan to give my opinions of what was said and where injected logic might be helpful. Full Story

By: Axel Merk - 29 October, 2014

Any doubts about why I own gold as an investment were dispelled last Saturday when I met the maestro himself: former Fed Chair Alan Greenspan. It’s not because Greenspan said he thinks the price of gold will rise – I don’t need his investment advice; it’s that he shed light on how the Fed works in ways no other former Fed Chair has ever dared to articulate. All investors should pay attention to this. Let me explain. Full Story

By: It's a Mystery - 29 October, 2014

There is a very tired mantra out there that gold and silver are the anti-dollar trade. This is reinforced as seen below by whatever machines are controlling the price. Yes, they are machines. These are algorithms devoid of emotion and clearly on auto-pilot as the same rinse and repeat of commercials versus funds shows every week. Full Story

By: Tony Sagami - 29 October, 2014

When I connect the dots, I see an explosion in the number of companies that will soon report worse-than-expected results, which they will blame on the strong dollar. You’d be wise to take a close look at the stocks in your portfolio and jettison any that look vulnerable. Better yet, if you have some speculative capital, there are big profits to be made by betting against—through short sales, inverse ETFs, and/or put options—those ticking time bombs. Full Story

By: Patrick Cox - 29 October, 2014

I may sound like a broken record saying this again, but it’s critical that we realize that scientific understanding of the biological world is increasing at an exponential rate. For younger readers, I should explain that the term “broken record” is a reference to a common failure of the old pressed-vinyl audio recording technology. Occasionally, the spiraled groove on a record imprinted with physical representations of sound would be scratched or otherwise damaged. Full Story

By: Andrew Hoffman - 28 October, 2014

Of course, all conversations lead back to “Economic Mother Nature” – who in time always wins. The Fed will probably end overt QE3 tomorrow; but make no mistake, covert QE goes on indefinitely, depending on the day’s needs. Trust me, when you see the Dow’s “dead ringer” pattern continuing at 10:00 AM EST each day – despite the supposed “end” of QE “POMO” operations – you’ll know exactly what we mean. And more importantly, the “end” of QE3 doesn’t mean the end of overt QE; but simply, QE3. In other words, QEs 4, 5 and infinity are just around the corner waiting for their catalyst. And when they do inevitably arrive – as the “countdown to the Yellen reversal” continues, if you don’t have your gold and silver already, you may never get the chance; certainly not at prices even remotely close to today’s historically suppressed levels. Full Story

By: Alasdair Macleod, GoldMoney - 28 October, 2014

Our dysfunctional markets have become little more than the essential prerequisite, as Louis XIV’s finance minister Colbert might have said, to plucking the goose for the largest amount of feathers with the minimum of hissing. Full Story

By: Bill Holter - 28 October, 2014

I attended the New Orleans investment conference this past week as the guest of GATA's Bill Murphy and Chris Powell for which I am highly grateful. There were many good and thoughtful speakers which I will write about later in the week. I specifically wanted to attend this conference for 2 reasons, Alan Greenspan (Mr. Magoo) was a keynote speaker and I not so much wanted to hear what he had to say but more importantly "how" he answered audience questions. This topic is also for later in the week. Full Story

By: Frank Holmes - 28 October, 2014

Consider this: of the 1.35 billion Chinese citizens, about 618 million, nearly half, have access to the Internet. Of those, 302 million, nearly half again, shop online. These numbers will continue to grow, and with them, greater investment opportunity. Name one Western European company that, in recent years, has achieved the sort of success Alibaba, Tencent or Baidu has. Not in a Piketty economy. Full Story

By: Gary Christenson, Deviant Investor - 28 October, 2014

Our fictional City A might resemble some major cities in the western hemisphere. It is inhabited by regular people as well as politicians, rats, and central bankers. Currency units are digital, purchase less every year, and are created in large quantities every day. The political and financial elite control most of the government and the economy for their own benefit. Economic statistics and financial TV continually assure the people that “it’s all good.” The crashes of 2000, 2006, and 2008 caused many people to question the usual narrative. Full Story

By: Arkadiusz Sieron - 28 October, 2014

The bottom line is that although the inverse correlation between real interest rates and gold is quite tempting, investors should not be guided by simple models without reflection. There are very strong arguments in favor of the real interest rates as one of the main drivers for the price of gold, but other factors can disrupt the adverse relationship between real interest rates and gold prices. Therefore, investors should always analyze the whole economic context and examine whether the changes in the real interest rates are accompanied with weakening or strengthening of the US dollar and economy. Full Story

By: Dr. Jeffrey Lewis - 28 October, 2014

Many of you have are aware of the incredibly fragility in the world financial system. Most have seen it coming for some time. Many of you saw it all coming before the great crisis of 2007-2008. Some of you saw it before the "Dotcom" crash. Perhaps a few of you saw it all before the Savings and Loan crisis. Full Story

By: Biiwii - 28 October, 2014

Janet Yellen’s Fed seems to very much want the inflation to take because they know that if a lack of inflation expectations morphs into increasing deflation expectations, the asset pumping game – the macro game in play since 2008 – is up. Full Story

By: Bill Holter - 28 October, 2014

NONE of what Mr. Putin says or does is by mistake or coincidence, everything is planned and done so well ahead of time. Do you really believe earlier in the year he would have pushed Russia's position when it would be stronger in 6 month's time? Russia now has more alliances, trade deals signed, gold and Chinese backing than ever before, ...while the West has accumulated more debt, printed more currency, cut military numbers and EXPORTED gold not to mention "weakened relationships" internally. Full Story

By: Henry Bonner, Sprott Global - 28 October, 2014

David Harquail joined well-known investors ‘Lucky’ Pierre Lassonde and Seymour Schulich in 1987, when Franco-Nevada was just getting its legs. He’s been with the company ever since, currently serving as CEO.

Franco-Nevada is now one of the largest companies in the mining space, with a market cap of around $9 billion. Full Story

By: Grant Williams - 28 October, 2014

We’ll get to Egon’s involvement shortly, but first let’s take a look at the motions that make up the Swiss Gold Initiative, which are threefold:

1. The gold of the Swiss National Bank must be stored physically in Switzerland.
2. The Swiss National Bank does not have the right to sell its gold reserves.
3. The Swiss National Bank must hold at least 20% of its total assets in gold. Full Story

By: Oliver Gross - 28 October, 2014

The wave of zero-interest liquidity washing over the financial world could result in a short-term gold bottom of $1,000 per ounce, reports Oliver Gross of Der Rohstoff-Anleger (The Resource Investor). The good news is that Peak Gold is here to stay, which means that midtier producers will soon be desperate to buy low-cost, high-quality deposits. In this interview with The Gold Report, Gross argues that this could be the opportunity of a lifetime for contrarian investors. Full Story

By: Andrew Hoffman - 28 October, 2014

Of course, no matter how corrupt TPTB are they can’t manufacture gold. Supply and demand have never been tighter; and as discussed in this brilliant article, it’s highly likely the Cartel’s “end game” is rapidly approaching; perhaps, far sooner than most can imagine. Which is why we repeat our mantra – on this, my third anniversary at Miles Franklin – to PROTECT YOURSELF, and DO IT NOW! Full Story

By: Marin Katusa, Casey Research - 28 October, 2014

If Total doesn’t close the $27 billion financing it needs to move forward with the Yamal LNG project then we’ll know someone stepped in to prevent an attack on the petrodollar. The CEO of Total, before his death and his CFO were both strong supporters of Total raising the $27 billion in non US dollars and moving the project forward with the Russians. But, this could all change if the financing does not complete. Full Story

By: Chris Powell, GATA - 27 October, 2014

Essentially the referendum proposal is a democratic revolt against unaccountable central banking and currency market rigging.

The first national opinion poll on the referendum proposal found it leading by 45 to 39 percent. Full Story

By: Richard Mills, Ahead of the Herd - 27 October, 2014

The question we should all be asking ourselves is “A Great Acceleration to what?”

So what’s on your radar screen? I’ve obviously got humanity’s imprint up on my screen.

Is humanity’s imprint on the planet, and yours in particular, on your screen?

If not, maybe it should be. Full Story

By: - 27 October, 2014

Gerald Celente - Summary:
Gerald Celente thinks gold has limited downside risk but enormous upside potential, as investors gear up for the next big precious metals bull market.
Peter Grandich - Summary:
China may be hoarding gold (much more than officially reported) in anticipation of unpegging of the Yuan from the US dollar within 3-5 years. Full Story

By: Chris Powell - 27 October, 2014

Documents that were included in a PowerPoint presentation by your secretary/treasurer during his debate with Doug Casey of Casey Research on Thursday, October 23, at the New Orleans Investment Conference -- a debate whose proposition was "Gold Manpulation: Real or Imagined?," with your secretary/treasurer arguing that it is real -- are cited below, though, because of lack of time, not all of them were reviewed during the debate. Full Story

By: John Mauldin - 27 October, 2014

The consequences of the coming bull market in the US dollar, which I’ve been predicting for a number of years, go far beyond suppression of commodity prices (which in general is a good thing for consumers – but could at some point threaten the US shale-oil boom). The all-too-predictable effects of a rising dollar on emerging markets that have been propped up by hot inflows and the dollar carry trade will spread far beyond the emerging markets themselves. This is another key aspect of the not-so-coincidental consequences that we will be exploring in our series on what I feel is a sea change in the global economic environment. Full Story

By: Keith Weiner - 27 October, 2014

Most of my writing about the gold standard is about how it works, and how the paper dollar standard doesn’t. A casual conversation I had with someone recently underscored that there is an even stronger argument. Our opponents, those who support central banking and irredeemable paper money, have to make two cases. One is to defend the theory and practice of central banking, that central bankers are wise and honest and that their debt-based paper money works. Full Story

By: Michael Noonan - 27 October, 2014

When events “happen,” they happen in a directed way by the elite’s mainstream media outlets. News is presented in a way that is designed to appeal to mass emotions so as to discount reasoned thinking. You get government pimps, be they congressmen, heads of agencies, even presidents who add their fiat 2 cents in order to give some weight to an otherwise weightless argument. Full Story

By: George Smith - 27 October, 2014

Along with the massive money printing and debt-laden economy our overlords insist we need, there is another economy, so to speak, that defies their intentions. In the world of technology the Keynesian horror known as price deflation is the overpowering fact. Far from bringing economic calamity, the accelerating growth of a widening range of technologies is proving resistant to the Keynesian virus of central bank inflation. Full Story

By: Chris Powell - 27 October, 2014

The opportunity to question former Federal Reserve Chairman Alan Greenspan about central bank intervention in the gold market was spectacularly fumbled today during Greenspan's appearance at the New Orleans Investment Conference. Full Story

By: Warren Bevan - 27 October, 2014

Markets have been very strong and have a solid low now in place but they do need a little rest since they have come so far so fast and are now overbought. I’ve already identified the leading sectors for member and the stocks within which do best are also well known to us already. Full Story

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