By: Peter Schiff, CEO of Euro Pacific Bank Ltd. - 2 March, 2012
While you may agree with me that the world desperately needs the gold standard, you may be equally convinced that the day global leaders embrace it is still a long way off. Fortunately, regular people no longer have to wait for the leadership to come to their senses. It is now possible for individuals to establish a personal gold standard using the world's first Gold Debit Card. The service, offered by my company Euro Pacific International Bank, allows users to save in gold but spend in local currency. Full Story
By: Marin Katusa, Chief Energy Investment Strategist, Casey Research - 2 March, 2012
The energy market is a complex beast, its many parts interconnected through a multitude of linkages. When one part fails, the entire system reacts: certain linkages are burdened with extra stress, while other components sit idle. Only by studying the entire machine can one understand the rippling effects that stem from one change. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 2 March, 2012
Andrew Maguire's disclosure via King World News today that the Pan Asia Gold Exchange has been killed because of pressure brought in China by a New York financial house signifies that as much as gold advocates have seen China as an ally against the gold price suppression scheme, the Chinese government is cooperating with price suppression insofar as it serves the Chinese government's interests as well. Full Story
Mining shares and the precious metals were hard hit on Wednesday after Fed Chairman Bernanke appeared before Congress. Bernanke gave his view on the U.S. economic outlook during and offered a mixed message. He touted the recovery in the job market while warning that unless growth accelerated, the unemployment rate wouldn’t continue to drop. Full Story
When a roller coaster plunges it’s gut-churning, heart-racing, blood curdling, in a word--petrifying. That’s how precious metals investors must have felt Wednesday when gold plunged more than 5 per cent to hit a low of $1,688.44 ounce, after earlier trading as high a $1,791.49 an ounce. Full Story
People in the developed nations have had the luxury of taking a great many things for granted, one of them is our lifestyle involving unfettered consumerism. When we were kids our parents taught us the value of sharing, a lesson that’s going to come in very handy over the next few decades. The Great Sharing should be on everyone’s radar screen. Is it on yours? Full Story
By: Scott Wright, Zeal Intelligence - 2 March, 2012
The history of gold mining has been well-documented for thousands of years. And with the demand for this most precious of metals going nearly as far back as human history, miners have ventured to just about every corner of the planet in their quest to find it. Yet unlike the miners of yore that were commanded by kings, today’s miners are commanded by profits. Full Story
There is indeed a Gargantuan Giant growing in the International Economy and Markets. It is growing, and will continue to grow, until it collapses, inevitably. Those who understand it can prosper and protects, as we explain here. Those who fail to understand, or understand but deny or disregard, do so at their peril. Full Story
Despite the transparent Bullion Bank and Global Banking Cartel attacks executed against gold and silver futures and spot prices, always remember the following: Gold is Sound Money. Silver is Sound Money. The money Central Banks tell us is “money” is not. Full Story
Precious metals appear to be recovering nicely after Wednesday’s punitive selloff. Although we initially assumed it might take a few weeks for gold and silver to build a base for the next moon shot, yesterday’s price action hinted that bullion quotes could be off and running much sooner. To be sure, the price action yesterday just inches from ground zero was relatively timid, with small gains driving the markets. Full Story
The following is a video recording of the Casey Research Explorers' League panel – moderated by Louis James – at the Cambridge House Investment Conference in Vancouver, January 2012. Listen to the valuable information and guidance passed along by some of the most successful mineral explorers in the world… or read the transcript below. Full Story
Upside momentum for the time being is to be questioned. A move over 1790.4 would do a lot to put the bulls back in control, but for the time being it’s the bears that have the upperhand. Look for resistance against 1743.7, the 18-Day Moving Average of Closing Prices on the Daily Chart. If prices hold against this, a break down back to the $1700 level should be in the cards. We’re at an import level going into spring months. Full Story
That seems to be the question that everyone has been asking themselves for two months now. Analysts have been trying to pick a top in this market for weeks. All the while I've been telling, actually begging, people not to sell short. Until the dollar puts in an intermediate bottom there is just little chance that the stock market is going to suffer any meaningful correction. Full Story
By now, a decade-plus into the secular bull market, you have likely heard all the reasons. Back when the stuff was selling for $300 to $400/oz. the case for gold seemed like more of an outlier. I thank the market gods that I found some old gold bugs at Gold-Eagle.com back then and read everything the more rational among them had to say. It made sense, as Alan Greenspan was beginning to engage the era of Inflation onDemand. Full Story
Wednesday brought on one of the more shocking trading days in recent gold history, as a "flash crash" hit the gold market while Ben Bernanke was delivering his usual bland remarks to Congress. Financial journalists were quick to talk about the "disappointment" that Bernanke didn't discuss detailed plans for QE3, but that doesn't make much sense. This bullish pattern was not unfolding merely on speculation that QE3 was imminent. There just really wasn't anything all that remarkable from the Fed chairman on Wednesday, and certainly nothing to trigger this type of sell-off. Full Story
As we have discussed in a previous article, our Fractal Model suggests the wave for Gold in US Dollars will sweep up into the $3500 to $3600 area into the mid-year time-frame. The leading edge of that time-frame begins in May and extends out for a few months. A potential for Gold to spike to a $3900 extended fib level exists. Like all parabolic moves in Gold, the late stages create the biggest price movements. Personally, I would be happy with a huge Gold run up to the $3200 level. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 1 March, 2012
At a hearing today of the U.S. House Committee on Financial Services, Rep. Ron Paul did an entertaining job of berating Federal Reserve Chairman Ben Bernanke about the Fed's long debasement of the dollar. Video of Paul's comments has been posted at GoldSeek's companion Internet site, SilverSeek. Full Story
Although yesterday’s Congressional testimony by “Helicopter Ben” Bernanke was fundamentally meaningless, it caused gold and silver prices to take a spectacular dive. They got hit after the ‘Nank, prevaricating as usual, said the central bank wasn’t rushing to crank up a QE3 stimulus. While this may be true as far as it goes, it belies the fact that the money spigots have been wide open for years and will remain so, probably, until the financial system collapses. Full Story
By: Keith Weiner, Casey Research - 29 February, 2012
Worldwide, an incredible tower of debt has been under construction since President Nixon's 1971 default on the gold obligations of the US government. His decree severed the redeemability of the dollar for gold and thus eliminated the extinguisher of debt. Debt has been growing exponentially everywhere since then. Debt is backed with debt, based on debt, dependent on debt and leveraged with yet more debt. For example, today it is possible to buy a bond (i.e., lend money) on margin (i.e., with borrowed money). Full Story
By: The Gold Report and Lawrence Roulston - 29 February, 2012
After a tough 2011, the junior resource market is turning and things are definitely looking up, Resource Opportunities Publisher Lawrence Roulston tells us in this exclusive interview with The Gold Report. The mood of investors in the resource sector has turned positive, and based on the sentiment and interest shown at recent investment conferences, the smart money is looking for deals that have real upside potential. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 29 February, 2012
Eveillard, who manages $50 billion in assets, is among the few respectables in the gold world, and his stunning acknowledgment today is the price the Western central banks must begin paying for their increasingly brazen market rigging. It is a sign that GATA is making progress, however slow. Full Story
The FATTEST PRIZE in the world's biggest lottery, El Gordo – the "Fat One" – just keeps getting fatter, according to its promoters. But even the fattest total of prizes to date – some €2.5 billion at Christmas 2011 – looks a tin-ribs next to El Tro, the storm of money now raining down on Europe's banks. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 29 February, 2012
Well, at least this manipulation and intervention are being acknowledged in public more often now. But don't ask GATA when they'll end or when foreign central banks and sovereign wealth funds will pull the plug on the operation by dumping U.S. government bonds and buying gold and commodities all at once. That portfolio rebalancing has been happening gradually for a long time, the plug will be pulled only when those foreign central banks and sovereign wealth funds consider themselves fully hedged, and they won't be tipping us off the night before. Full Story
China is the largest copper consumer in the world demanding 40% of the world`s copper supply. The copper price rose as much as 17% this year – despite copper stocks in Shanghai warehouses increasing steadily since quite some time and last week hitting its highest level in nearly a decade. The recent copper price increase is broadly being reasoned with „hopes“ that demand from China will pick up after the Chinese Lunar New Year in January. However, preliminary data suggests that China`s new export orders shrank in February instead of picking up as „expected“. Full Story
The road to hell is paved with good intentions. According to some estimates, Germany will contribute approximately 28% of the €130 billion (approx. US$170 billion) bailout recently agreed for Greece; yet, rather than expressing their gratitude, protestors on the streets in Athens burn German flags. While some are celebrating that Greece is – at least for now - not falling into chaos, we are rather concerned about major shifts in European policy making that have unfolded in recent months. Where there is a crisis, there may be opportunities – but not necessarily in the places one might expect. Full Story
By: Bob Chapman, The International Forecaster - 29 February, 2012
The aspirations of the EU and euro zone took a hard hit in 2008 from which it has yet to recover. Its weaknesses were exposed as they were in the 1990s in the formation of a euro zone. As always few would listen to the negatives. Now Europe is entrapped in a terrible situation and the only way out is to abandon the euro and return to their original currencies. Full Story
Silver prices have broken decisively out of the $33-34 an ounce price range of the past couple of months and punched decisively higher breaching the resistance zone of $36-37 an ounce. In terms of the technical charts there is nothing now to stop silver advancing fairly rapidly, beyond its old all-time high of $50. Silver got close to this level last April but failed to clear this hurdle. Full Story
By: Rick Ackerman, Rick's Picks - 29 February, 2012
Stocks are creeping into the red zone, according to our proprietary technical indicators. A possible end to the Mother of All Bear Rallies begun three years ago? Perhaps. But rather than guess about such things, we’ll let the charts tell us what we need to know. We don’t have a crystal ball, after all, but we’ve learned that the stock market cannot change directions in any significant way without telegraphing the turn on the lesser, intraday charts. This they did back in January, when a pullback to a key ‘hidden” support signaled the big rally that was to follow. Specifically, using Hidden Pivot Analysis, we were able to tell subscribers to expect a Dow rally of at least 600 points, to a minimum 13085. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 February, 2012
More and more investors are asking this question. Many observers and commentators have ridiculed this idea as archaic with the conditions that led to the confiscation being so different as to leave such a possibility as remote as the return of the dinosaurs. In this the first part of a series on the subject we look at the picture that led to the confiscation and look at factors that caused the confiscation to see if there are reasons why it can happen again, today! Full Story
The CEO of Almaden Minerals explains why resource exploration "is where it's at… the big game," and why mining has become so profitable in recent years. Morgan is only one of 10 young resource money-makers whose careers we here at Casey Research watch closely. These "Casey NexTen" are the next Robert Quartermains, Ross Beatys, and Lukas Lundins. Find out who they are and how following them could boost your portfolio. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 28 February, 2012
This month, as unleaded gasoline prices increased for 17 consecutive days (to a national average of $3.647 per gallon - up 11% thus far this year) and West Texas Intermediate crude joined Brent crude in breaking through a $100 per barrel level, energy prices emerged as a full blown political issue. While President Obama conveniently claimed that rising prices were the consequence of an improving economy (they're not, and it isn't) Republican fingers began to point sanctimoniously at current drilling policies. Full Story
There has been a great deal of commotion of late, and over these past few months, about China and their growing influence in the gold market. It is coverage well deserved and very important. It got me thinking it would be a good time to go a bit retro re the GATA story as it revolves around gold, the Chinese, and the Russians … and why it is so important for gold investors to know what they know … as well as what GATA knows. Full Story
Gold and silver are headed higher propelled by a powerful bull trend. Gold is climbing on its way to new multiyear highs, buoyed by massive government intervention in the capital markets. We will see gold exceed its 2011 highs this year. Silver will also soar to new highs. What is behind this bullish prediction? Can we pinpoint the cause and effect relationship to the rise in the precious metals? Is now the time to buy gold and silver? Full Story
By: Gary Dorsch, Editor, Global Money Trends - 28 February, 2012
As the price of North Sea Brent crude oil touched $125 /barrel last week, the topic of sharply higher gasoline prices suddenly caught the attention of the Main Stream Media (MSM). Spin artists for the re-election campaign of President Barack Obama were quick to deny any responsibility for soaring oil prices, and instead blamed the upward spiral on geo-political tension with Iran. However, since the days of the Yom Kippur War in October 1973, - when the OPEC cartel placed an embargo on crude oil sales and hiked oil prices by 70%, the price of gasoline has been a key variable effecting the outcome of US-presidential elections. Full Story
Ancient wisdom says, “your friend is your enemy and your enemy is your friend”. In the gold & silver market, this ancient wisdom may be particularly valuable for investors today. Gold plays the role of punisher in this crisis, and punishes the debt-a-holics. The crisis is enormous, and could go on for decades, but just because the crisis may have decades to run doesn’t mean that gold rises forcefully, all the time. The economy can have enormous bouts of strength while slowing disintegrating, and you have all seen the shockingly bullish economic reports pouring out, in recent months. Analysts continue to under-estimate the economic numbers. Full Story
When one speaks of gold stocks they should be more specific as the sector is diverse. The term Gold stocks usually refers to the large unhedged producers. Indices such as the HUI or GDX track these stocks and are a proxy for the gold stock universe. However, most companies in the sector are much smaller. We hear the term “juniors” so often and that is what makes it inconsistent. Juniors are typically micro-cap exploration companies. Yet, GDXJ the junior ETF is comprised of companies with market caps in the $500 Million to $1 Billion range. Full Story
The 30 minute chart also resembles a bull flag. In my opinion, the shorts in silver are playing with fire if we breakout to the upside. Voluntary covering, margin calls (involuntary covering), or delivery will be a few options for them. The commercial traders (bullion banks) have been piling on the shorts lately in the COT report, and if they get run over this could get really interesting. Full Story
By: The Gold Report, Charles Oliver and Jamie Horvat - 27 February, 2012
Opportunities abound across the spectrum of precious metal equities, which remain undervalued as bullion prices continue their upward trends. That's the word according to Charles Oliver and Jamie Horvat, both senior portfolio managers at Sprott Asset Management. In this exclusive interview with The Gold Report, Oliver and Horvat express cautious optimism about the prospects for gold stocks in 2012. Full Story
Looking at the general equity markets overall, we can clearly see that the fear of sovereign debt downgrade and economic slowdown which started last summer, ended during the fall. After four months of uncertainty on whether the bankers and government would allow another downward spiral in the economy and stock markets like we had in 2008, we now have our answer. The system will not be allowed to naturally correct and adjust as free markets would have them do. Full Story
In 1980 gold topped out at $850.00. That bull market produced an increase of +2,276% from start to finish. The current rally in gold began in 2002 at $260.00 and has thus far risen +582%. By comparison this current bull market has the potential to rise much further. In 1980 silver topped out at $50.00 after rising +3,100%. The current bull market in silver began at +/- 5.00 in 2003. It has thus far risen +600%. Silver also has the potential to rise much further. Full Story
Will Germany go “all in” on the Euro experiment? I doubt it. In fact I’ve found the “smoking gun” the little known fact that Germany has recently implemented that proves the country has a Plan B that involves leaving the Euro with minimal damage. Make no mistake, the situation in Europe is far far worse than 99% of investors realize. Even if the second Greek Bailout is finalized (the details are still emerging) we’ve still got Italy and Spain to deal with: two problems that are far too big for any of the current troika (ECB, IMF, and EU) to handle. Full Story
By: Dr. Ron Paul, U.S. Congressman - 27 February, 2012
Senator Jeff Sessions, ranking member of the Senate Budget Committee has pointed out that our per capita government debt is already larger than Greece's. Per person, our government owes over $49,000 compared to $38,937 per Greek citizen. Our debt has just reached 101% of our Gross Domestic Product. Our creditors see this and have quietly slowed down or stopped their lending to us. As a result, the Federal Reserve has been outright monetizing debt as a way to patch things together and keep the economy on life support a little longer. There is rapidly shrinking demand for our debt, and confidence in the dollar is falling. This phenomenon is hidden only by the fact that confidence in all other fiat currencies is falling faster. Full Story
The market has come a long way since October when the price low was established in the major stock averages. It has come even further when compared to its March 2009 bear market low. To put the market recovery into perspective, for the three years since the recovery began in ’09 until now, the S&P 500 (SPX) has gained over 100%. For the nearly two years since the July 2010 low, the SPX has gained 85%. For the six month’s since last October’s low, the SPX has gained 9%. Full Story
We have constantly advocated investments in uranium mining(URA), particularly in friendly jurisdictions such as North America. This support of the nuclear sector (NLR) has often been in the face of formidable attacks by naysayers, using every weapon in their arsenal to denigrate proponents of atomic energy. No other sector in recent memory has had to withstand such a barrage. Full Story
By: Rick Ackerman, Rick's Picks - 27 February, 2012
With talk of a $100 billion Facebook IPO in the air, frenzied investors should ponder the legal and public relations difficulties that a far more experienced and financially successful company is having expanding its own advertising-based business model. Last week, 26 states filed suit against Google over new search-engine policies that could further compromise the privacy of users. This would be in sharp contrast to the image Google has carefully cultivated of a company that zealously guards privacy rights. In reality, the search-engine giant would continue to expand its data collection methods to ferret out every fact about each of us that could conceivably be of value to advertisers. Full Story
Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. GUESTS: Bill Murphy, GATA.org Richard Daughty, The Mogambo Guru Report Full Story
The UNFOLDING destruction of the developed world’s economies and financial/currency systems continues apace. Public servants are trying to defy Mother Nature with the stroke of a pen; she will not yield to this. Radical Marxist POLITICAL solutions to practical problems are at the end of their collective ropes (double entendre intended). You CANNOT store wealth in paper, PERIOD. Those who do will get what they deserve: NOTHING. Full Story
The historically hawkish European Central Bank (ECB) has the single mandate of ensuring price stability in the European Union. In the face of the rapidly unfolding debt deflation collapse of the European banking system in December 2011, the ECB shocked global financial markets with the December surprise of $645 billion in long-term refinancing operations (LTRO). The program provided three-year loans to strapped banks. The ECB on a lending binge to over 500 banks qualifies as interesting times by any standard. Full Story
With the ‘breaking news’ on Tuesday morning being the fact that the Dow Jones Industrials had broken 13,000 for the first time since 2008, the immediate spin from the majority of the mainstream press revolved around ‘see, its all better now’. Their evidence for this ridiculous statement? The performance of 30 stocks and an index that changes more than a flip-flopping politician during campaign season. Full Story
Gold and silver prices really got the wind behind them last week and reaped the benefit of the Greek bailout deal as ArabianMoney suggested was likely (click here). Gold got to $1,780 and silver close to $36 with weekly gains of three and six per cent respectively. Full Story
By: Bob Chapman, The International Forecaster - 26 February, 2012
The seven-week sanctions against Iran oil sales and the use of the banking system and the Swift Code facilities by US, UK and European governments has as yet not been effective. Negotiations are in process with six EU nations to adopt oil contracts for up to five years. Future oil must be paid for immediately. Four of those members can barely pay for oil now. The embargo as you can see is ridiculous. Even if alternative services are found how will they pay for all of it? This has to be one of the most ill thought out schemes ever. Full Story
By: Richard Daughty, The Mogambo Guru - 26 February, 2012
Naturally, I bristle at people ignoring me except to say hurtful things, like, "Eww! Gross! Eat with your mouth closed!" and who then turn right around and say, "Shut up about buying gold and silver!" But how do I not eat and talk? Man, it has been said, cannot live on bread alone! Unless, of course, it is made into a nice, big sandwich with all the fixins, maybe with a tall, cool beverage and a fresh bag of potato chips, you're bent over the plate like some kind of starving Neanderthal, noisily shoveling it in your mouth with both hands, perhaps while you are watching TV, necessitating changing channels by hitting the remote control with your elbow. Full Story
By: John Mauldin, Millennium Wave Advisors - 26 February, 2012
Last week's letter on taxes drew more response than any letter I have written in years. Questions that were raised simply beg for an answer, and some of the replies were very thoughtful, well-written suggestions for alternatives. This week I am going to do something I can't ever remember doing, and that is to use the entire letter to involve and respond to my readers. Full Story
By: The Gold Report and Mark Raguz - 26 February, 2012
After a tough 2011, Mark Raguz and his colleagues at Pinetree Capital are looking at the junior resource sector with renewed optimism. In this exclusive Gold Report interview, he discusses conditions that are fueling that sentiment. Full Story
The week was interesting as we basically stalled out for the most part with many US indexes and stocks, especially coming onto the end of the week. This may be a sign that a top is nearing but then again volume is low as we’re not moving higher which is good and we’ve seen these little bases and then runs higher since late 2011. Full Story
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