By: The Gold Report and Mike Niehuser - 1 May, 2009
The silver/gold ratio is "out of whack," says Mike Niehuser, founder of Beacon Rock Research, LLC, who finds silver "particularly interesting" right now. In this exclusive interview with The Gold Report, Mike weighs the historical seasonality of gold and silver against the forces at work in today's market and explains why we could see a significant run up in metals by fall. Full Story
"I WOULD LIKE to see a similar study using US housing market data," asks a note after BullionVault’s recent chart of UK house-prices in gold. "Anyone have the charts?" As it happens, yes. Three of them, in fact. But the problem is the data behind them. Full Story
The manifestation of a Swine Flu pandemic in the midst of a global economic meltdown does not bode well for the ‘recovery’, which, depending on who you listen to, is either well under way or years away. Our insistence on ignoring the simple solutions to both problems may yet herald the biggest historic instance of mass delusion and subsequent extinction of our kind. Full Story
By: Bill Bonner, The Daily Reckoning - 1 May, 2009
Not infrequently, governments ‘shoot themselves in the foot.’ But in the current event, they have brought out the biggest cannon in history. We look on with amusement as they blow their fool heads off. Full Story
By: Scott Wright, Zeal Intelligence LLC - 1 May, 2009
In my tenure as an analyst on the gold stock circuit, I’ve been blessed to have experienced some pretty neat things that have given me an inside look at the gold mining industry. And by far the most exciting of my adventures have been tours of actual gold mines. Full Story
Essential Background for laying out the Highlights of our Markets Outlook and Strategy for Profit and Protection is the following Realistic View of our Economic Outlook. In Fact, the world has already nearly run out of sufficient Real Capital – i.e. that generated by Savings and Productivity increases, as opposed to Debt “Capital” – Fiat Money and Borrowing. Full Story
Have you ever thought investing was easy? I sure did. And I think it’s about to get easy again. That’s whether this rally ends tomorrow. That’s if the major indices plummet back to previous lows and beyond. That’s if the markets really did hit “the bottom” back in March. Full Story
Fractional reserve banking is embezzlement and the accounting rules have changed to protect those engaged in fraud. The intrinsic value of the financial companies mentioned is almost impossible to accurately determine, may be nothing and therefore should be avoided. Full Story
People believe they have little to lose, they’re eager to hang those they believe responsible for their problems, and they’ll listen to radical or violent proposals. We’re now just entering what will likely be the worst economic trough since the Industrial Revolution. A rioter is typically an angry person looking for vengeance because he blames someone else for his problem. Full Story
As most readers know, I have been interested in the silver market from a very early age, and this interest has brought me in touch with many interesting people. One group that I have met and have many friends and associates among is the precious metals dealers. In fact, it would be tough for me to estimate how many I know on a first-name basis, so let’s just say many! Full Story
By: Richard Daughty, The MOGAMBO GURU - 1 May, 2009
I was pretty sloshed as I put another shot of tequila to my now-benumbed lips, but the same thought kept going through my whirling head: Total Fed Credit (also referred to as Federal Reserve Credit), zoomed $70.3 billion last week! Yikes! $70.3 billion of new credit appeared, as if by magic, in the accounts of banks in One Freaking Week (OFW)! Full Story
Our 129.65 target caught the spike top in Goldman yesterday within two cents, but it remains to be seen whether that will be it for the stock’s sensational bear-market run. That’s a crucial concern for investors, since, if Goldman shares have completed their death rattle, then so has the mania that has driven the broad averages higher since early March. Full Story
As many students of financial history now know, Mayer Amschel Rothschild said long ago to permit him to control a nation’s money and he cared not who wrote its laws. While the truth of this statement should be obvious to anyone with brains above the single digit, many people never come to an understanding of exactly what old Mayer had in mind. Friend, it is clear that once you control a nation’s money, you control the nation. Full Story
By: Chris Mayer, The Daily Reckoning - 30 April, 2009
You no longer have to be a gold bug to think gold will rise in price. In fact, this buying by some of the world’s greatest investors may be the leading indicator for a quick 116% climb – to $2,000 per ounce or higher. Give gold the cold stare of a professional handicapper and the odds look very good, indeed. Full Story
By: Axel Merk, Merk Hard Currency Fund - 30 April, 2009
The swine flu could not have come at a worse time. Just when there were signs of a nascent recovery, confidence takes another hit. As a result, “reflation trades” may be put on ice if investors revert to “panic mode” again. While it is difficult to assess the full economic impact of the swine flu, we believe some of the dynamics are foreshadowed. This flu may reinforce long-term trends and provide an opportunity for investors to position themselves accordingly. Full Story
Ladies and gentlemen, the Total Credit Exposure to Capital ratio is one of the most telling capital adequacy ratios known to man. If ever there was a failing grade on a “stress test” – HERE IT IS IN SPADES!!! The aforementioned measure of capital adequacy, [1,056.4] in Goldman’s case, is so TOXIC – in fact; one can only wonder if regulators might have required radiation suits and Geiger Counters to safely measure the TOXICITY of Goldman’s books. Goldman’s figures stand out almost 5 times worse than those of Citibank and Bank of America and 11 times those of Wells Fargo. Full Story
The battle for survival continues, as banks resorted to basic revisionist accounting (aka fraud) in order to claim improved health. Their reward was a financial sector stock rally of the most queer kind. The rally depended on all manner of contrived demand from the most sordid of chambers opposed to free markets, using tactics that are typically abhorrent. Full Story
In regards to the gold stocks, the talk of inflation or deflation is missing the point. What matters most is the local price of Gold and the relative price of Gold (Gold against its cost inputs). Let’s look at these things since March of 2008 when the HUI peaked at 519. Since then, the local price of Gold in every case except for the US and Japan has advanced to new all time highs. Full Story
By: The Energy Report and John Licata - 30 April, 2009
May 28th marks the next OPEC meeting. Will there be more production cuts? John Licata, chief investment strategist at Blue Phoenix Inc. doesn't think so, noting that even those cuts are being offset by "much production coming from non-OPEC members." In this exclusive interview with The Energy Report, John discusses the underlying forces that continue to drive crude's price volatility and explains why he foresees a "super spike" in natural gas—the likes of which we haven't seen since 2003. Full Story
The terms "fiscal and monetary policy" annoy me. The fact that fiscal and monetary policy even exist annoys me. They are the terms that mean government control over the economy. That annoys me too. Full Story
By: Jason Hommel, Silver Stock Report - 30 April, 2009
It has been both easy and difficult for me to learn to trade bullion, and put theory into practice. Many lessons have been learned in a short period of time, and I apologize if my prices have appeared to be unreasonable at times. I'm getting better rapidly, aiming to do our best, and part of the learning curve is in finding better supply sources, including the public. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 30 April, 2009
Last week, when the U.S. Treasury unveiled the basics of their lender "stress tests", the Fed concluded that "most U.S. banking organizations currently have capital levels well in excess of the amounts required to be well capitalized." Simultaneously, they also claimed that the banks needed more capital. Apparently the Fed has little understanding of irony. Full Story
By: Richard Daughty, The MOGAMBO GURU - 30 April, 2009
I was amused by the Reuters headline “China Admits to Building Up Stockpile of Gold” – although it kind of took me by surprise that they bought about 600 tons of gold without telling anyone since 2003, growing their stash by 75% since then. Full Story
Although it wouldn’t take much to turn June Gold’s daily chart robustly bullish, the futures continue to tease and titillate without delivering the goods. They are obviously marking time, too feisty to be knocked to the ground but not yet ready for the inevitable assault on $1000. Full Story
By: Bob Chapman, The International Forecaster - 29 April, 2009
America is no longer a republic. It has degenerated into a system where the rich run the country by having purchased all of our political institutions. As a result Americans have become sheeple who are being terrorized by the ruling illuminist class. We recently saw signs of unhappiness at the “Tea Parties” held around the nation. Those kinds of activities are healthy in a Democracy, but they have to be turned into further action - not just an email here and there to Congress. Full Story
In October 2007, just two days after the DJIA made its all-time high, I issued a newsletter entitled “Man Your Battle Stations.” Despite being known for having written two similar dire forecasts in August 1987 and January 2000, this one was clearly the most bearish. It literally said to sell everything except investments related to precious metals and to even short the stock market. I spoke of tremendous social, political (and geopolitical), economic and spiritual upheaval to come. This dire forecast led to BNN having me on to discuss this forecast. Full Story
BEWARE THE CLAMOR to call the bottom in house prices. Because with a tired predictability, the UK experience of seeing "green shoots" in every new survey says the global bust starting barely two years ago has a long way to run yet. Full Story
By: Brady Willett and Dr. Todd Alway - 29 April, 2009
While no one can be sure exactly when the era of U.S. dollar hegemony will end, rest assured that when it does the budget choices in front of President Obama or his successor will have been made for them. When and if this day arrives the budgetary debate will turn into a budgetary diktat. Full Story
By: Bill Bonner, The Daily Reckoning - 29 April, 2009
Finally…we’re back in London. We left at the beginning of April…went to San Diego and Los Angeles…then to Buenos Aires and Salta…then to Paris for a few days.. and now we’re back. London is cold and rainy…just like we left it. Not exactly home…but it will do. Full Story
By: Olivier Garret, CEO, Casey Research - 29 April, 2009
So is this the turnaround Geithner et al. have been willing to beggar our nation’s future for? Before calling your broker and placing a big order for bank stocks based on all this “good” news, it might be prudent to answer a couple questions first. For starters, just where did all this income come from? And has credit quality really improved? Full Story
Apart from the fact that I am fully aware that this sounds awfully close to paranoid delusional conspiracy theory, I can’t help but feel there are growing number of otherwise respectable and well credentialed people out there who feel the same way. Democratic government has been hijacked by financially omniscient private interests, and pressed into the service of same. Full Story
The collapse of the global economy is the result of historic levels of defaulting debt that cannot be reversed by more credit. While hope is understandable in such dire circumstances, it will not prevent what is happening. A global economic collapse is now inevitable; after which real economic change will then be possible. Full Story
I wanted to return to a theme that got me to start writing my blog as an attempt to contribute to society: Gold versus paper and what it means. Gold bugs know what it means but there is real value to looking at the contrast between the two for those who have not yet experienced the fever that makes any strain of flu pale in comparison. Full Story
By: Richard Daughty, The MOGAMBO GURU - 29 April, 2009
Addison Wiggin, as part of an advertisement for the new Richebächer Letter, reminded us that “Last holiday season was the slowest in four decades” which is bad news, of course, but it does explain how come I got so few Christmas presents 40 years ago, a time from which I am still carrying a grudge against Santa Claus for the flashy Harley chopper I never got, even though I asked for one every freaking year. Full Story
Gallows humor kept the Rick’s Picks chat room from slipping into coma yesterday as the stock market went into yet another soporific dirge. With swine flu metastasizing globally by the hour, there was talk of Black Plague, and also this revolting remedy, attributed to the late George Carlin: Full Story
By: The Gold Report and Gianni Kovacevic - 28 April, 2009
What's driving copper to its recent high of $2.20 a pound? If demand is down, how is it possible that the price of copper went up 40% to 50% within the last three months alone? "We're playing by a different set of rules now," says Gianni Kovacevic, corporate development strategist at Global Opportunities AG. In this exclusive interview with The Gold Report, Gianni discusses the changing face of copper and the new rule book being written for it. Full Story
By: Bill Bonner, The Daily Reckoning - 28 April, 2009
Pontiac is going out of business after 82 years. And General Motors is being taken over by the government. Here at The Daily Reckoning’s office in Paris, we are delighted. It’s like being alive when extra-terrestrials finally come calling. Or when the Pope becomes a Mormon. We’re getting to see things we never thought we’d see…amazing things. Full Story
Where I am coming from is that over the last eight months or so many of the junior mining companies have required additional financing to meet current requirements. In better times and at substantially higher prices, the raising of additional monies and the issuance of more shares and warrants could have been accepted, at least reluctantly, by shareholders. Full Story
After the Battle of Waterloo in 1815 when Britain, Austria and Germany beat Napoleon, the House of Rothschild made the equivalent of more than a billion dollars today by selling their gold and buying up bonds, precisely the reverse of the strategy they are probably employing now. Full Story
By: Steven Saville, Speculative Investor - 28 April, 2009
The effects of monetary inflation are three-fold. First, it brings about an unwarranted transfer of purchasing power (resources) to the creator of the new money and/or the first user of the new money. Another name for this unwarranted transfer is theft. Second, it has a NON-UNIFORM effect on prices, leading to mal-investment and the wastage of resources. Full Story
How many gallons of water can one pump into a one gallon balloon? How high can one build a house of cards? In all such activities the laws of physics ultimately take control and dominate all else. Just as mankind can not repeal the laws of physics, it can not repeal the “Laws of Money.” The Federal Reserve is aggressively attempting to defy the “Laws of Money,” believing that it can stuff the money genie back in the bottle anytime it desires to do so. Full Story
By: Richard Daughty, The MOGAMBO GURU - 28 April, 2009
Gold is thus functioning perfectly, as it retains its value when everything else has turned to crap, and yet here is some “official” of the worthless World Bank looking us right in the eye and saying they want to get rid of it all! Wow! What numbskulls! Full Story
Regarding Gold, yesterday’s bland forecast came within four ticks of nailing the June futures’ intraday high. What more to say? In the aftermath, with the June contract down $12 from its 919.70 peak, we wrote as follows in a mid-day update: We’ve lost count of the number of rallies that have merely met the minimum requirement without going the extra inch that would have signaled real strength. Full Story
By: Jason Hommel, Silver Stock Report - 27 April, 2009
Most people have never held a gold coin in their hands. Historically, an ounce of gold was worth a year's wages. Today, you can get one for about a thousand bucks. Seems like they must be rather common then. Not really. Still, most people have never held one or seen one. It's the lack of demand, and lack of knowledge out there. Full Story
By: Bill Bonner, The Daily Reckoning - 27 April, 2009
When we left three weeks ago, it was cold and rainy in Europe…and the world was in the midst of a terrible financial crisis. But now we’re back…and everything has changed. The trees along the Boulevard de la Villette have leafed out. Flowers are in bloom. People are sitting at sidewalk cafes. Life seems to be returning to normal. Full Story
In 2009 we are wondering what has hit our banks. No mystery there. It was not subprime mortgages nor other loose lending practices. The banking crisis is entirely self-inflicted or, more precisely, government-inflicted the origins of which go back almost ninety years: faking balance sheets. That practice cannot go on forever. The day of reckoning comes when capital is called upon to do what it is supposed to do: to tie over the bank during a temporary setback. Full Story
In a moment, I’ll comment on the developing structure in the COMEX silver and gold futures market. The nice set-up in silver and gold that I wrote about two weeks ago is not only still intact, but is even more indicative of a low-risk/high reward situation, especially in silver. But first I’d like to talk about one of the week’s more notable financial news developments. Full Story
I approach the subject of economics from a slightly different point of view than the writers for the Times, and I wanted to take issue with your comments in Saturday’s paper about the “recession.” Full Story
By: Captain Hook, Treasure Chests - 27 April, 2009
Picking things up from the other day, and in an effort to continue being successful investors, we are here today to check the analog comparisons that have proven invaluable in aiding us identify pattern and timing elements in present day stock market movements. Full Story
It appears that stealthy China has been preparing for the coming inferno for many years and has now publicly blasted the clarion call on the golden trumpet signaling the next gold rush. China is not satisfied with flimsy ineffectual substitutes like GLD or SLV which have problems but demand the physical metal. When fiat currency illusions lose confidence it can happen with blinding speed. Full Story
Below is a ratio chart of the gold price versus the S&P 500 Index - broadly representing the overall U.S. stock market. Most equity markets worldwide also fall or rise roughly in line with the S&P 500 index. The higher the ratio, the more gold is worth compared to the equity market. The ratio appears to be in a very strong, long-term bull market. Full Story
I believe that we are about at that time where the JSE Gold Index could be ready to dramatically catch up with the Rand Gold Price. The right signals are certainly present; like a bullish $ gold price and lower energy and other input cost. I certainly plan to increase my exposure to these gold miners. Full Story
Last week was interesting with precious metals stocks finding support and moving higher to close above resistance on Friday. Not much has changed in the past few days other than the BP chart (bullish percent index chart) for gold miner stocks which has put in a short term bottom. If gold continues to push higher above its resistance trend line I think we could see gold stocks follow suit and eventually out perform gold. Full Story
With a US auto crash coming it would be wise for investors to get off the road and take profits from what has been an exceptionally strong rally grounded in nothing more than hot-air about a recovery that is still quite a long way off. And investors would be wise to start switching from bonds to precious metals as a safe haven because bonds are government debt and the government is borrowing too much. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 April, 2009
For years now we have been warning of the decline of the $ as the globe’s reserve currency. The threat is not so much that the monetary policies of the U.S. are cheapening the worth of the $, but that these are pressing so many other nations to search for ways to avoid the US $ in international dealings. China has now taken a momentous, structurally adjusting step to change matters in their favor. Full Story
We’ve masked the salient details, but can you guess which NYSE-listed stock owns the powerful rally shown in the chart below? There are two things to notice: 1) the company’s shares are trading above $100 – a rare distinction at a time when many erstwhile blue chip companies have been reduced by the Great Recession to penny-stock status; and 2) the stock has nearly doubled in value since early March... Full Story
1st Hour: Headline news & Market Weatherman Forecast. Spotlight Stock Picks with big dividends. The International Forecaster and Host Chris Waltzek answer listeners' questions. 2nd Hour: -Jim Rogers, A Gift To My Children Full Story
By: Bob Chapman, The International Forecaster - 26 April, 2009
This past January, before the new president was inaugurated, in commemoration of the 30th anniversary of the establishment of diplomatic relations between the US and China, a conference was held by the Chinese People’s Institute of Foreign Affairs and the Kissinger Institute on China. Former President Jimmy Carter, Henry Kissinger, Brent Snowcroft and Zbigniew Brzezinski led the US delegation. Full Story
Last week gold rallied away from the danger zone, leaving behind a fine small Double bottom on its chart, and it is now shaping up to begin a strong run. On the 6-month chart we can see that gold honored the support described as being of key importance in the last update, rallying away from its early April low and its 200-day moving average to approach the return line of the downtrend channel shown. This is positive action that has created a cushion for those long gold. Full Story
To me, fundamental analysis is the key to getting the “big picture” right as I find technical analysis to be icing on the cake rather than the cake itself. Charts can tell stories that let an astute observer guess the underlying fundamentals, but they can leave the technical analyst mystified at important turning points. Full Story
This may help. Any investor in anything is always wishful to buy low and sell at the top. Me, too. I'm always trying to find the ideal pivot points to exercise my trades. I haven't been able to always do this with my low volume OTC junior stocks. I'd like to slap on trailing % stops, but on these juniors you're not permitted this safeguard. Anyway, I use the HUI (and the CDNX - distorted by energy stock jrs, etc). Consequently, see what you think of this setup. At first take, it may appear a little "busy" to the unfamiliar eye. Full Story
By: Bill Murphy, Le Metropole Cafe, Inc. - 26 April, 2009
GATA’s credibility took another leap forward this morning when China announced it has increased its gold reserves to 1,054 tonnes from 600 tonnes. For years and years and years GATA has claimed that the gold world establishment has failed to account for surreptitious gold lending operations by The Gold Cartel to suppress the price. For there to be greater gold supply hitting the market, there had to be greater demand to satisfy this undisclosed supply. Full Story
By: John Mauldin, Millennium Wave Advisors - 26 April, 2009
This week we look at the second half of my speech from a few weeks ago at my annual Strategic Investment Conference in La Jolla. If you have not read the first part, you can review it here. The first few paragraphs are a repeat from last week, to give us some context. Please note that this is somewhat edited from the original, and I have added a few ideas. Full Story
Gold finished the week up 5.1 per cent at $913 while silver jumped 8.4 per cent to $12.90 as precious metals became a safe haven from the faltering six-week old bear market rally. This left gold prices at their highest levels for three weeks but fell short of a third break of the $1,000 barrier. However, the precious metals clearly established their position as the place to be as the bear market rally breaks down. Full Story
By: Bill Bonner, The Daily Reckoning - 26 April, 2009
“How do you feel now?” asked a reporter for a local investment magazine. “I mean, you’re a contrarian…and you were right about so much?” “Not exactly,” we explained. “Yes, we saw the problem coming. And we expected the government would do all the wrong things – which it has. But we never imagined that they’d do so many stupid things all at once.” Full Story
There’s an old saying—when something looks like a duck, walks like a duck and quacks like a duck, it must be a duck. This old saying brings up a story and blog comments from the London Telegraph Blog on Apr 8, 2009. The basis of the thread was a story by Edmund Conway on “Sleepwalking our way towards a world currency.” Full Story
By: Richard Daughty, The MOGAMBO GURU - 26 April, 2009
My eyes fell upon the opening sentence, as I thought that the New York Post was asking a comical question, “How absurd is the price of health care in New York City?” which I thought would be followed by a comical retort, such as, “So high that it makes you sick!” Hahaha! Full Story
The DOW lost a paltry 0.69% , the S&P fell 0.40% and the Nasdaq was the lone gainer rising 1.27% for the week. Up in the warmer great, soon to be green north, the TSX gained 0.98% while the junior and exploration heavy Venture exchange beat even the Nasdaq rising 1.78%. The real story on the week was the S&P TSX Gold Index which shot up 11.85%. Very nice to see in the portfolio I must say. 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.
