By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 August, 2012
Since 2009 we have seen the signatory central banks of the Central Bank Gold Agreement cease selling their gold. We’ve stated many times in the past that the entire exercise of selling gold by these European central banks was to support the birth and establishment of the euro. They felt this was achieved by 2009, 10 years after the launch of the euro. Full Story
Even the hardiest investors have been lamenting that gold prices have been stuck in a rut for a long time. Others with less experience have watched the market waiting for something to happen…. And as always, many bailed out of the market entirely, licking their wounds. But some, including me, have been stocking up. Full Story
Gold was a star performer during the month of August, outshining other assets in an impressive rally which took many investors by surprise. Many analysts attributed gold’s strength to investors’ expectations of another monetary rescue operation from the Federal Reserve. But as we’ll see in this commentary, such an action is not only unlikely but unnecessary to gold’s continued strength. Full Story
By: The Gold Report and Donald Coxe - 31 August, 2012
China and India have always been crazy for gold and the yellow metal remains the choice store of value in those two countries, says Don Coxe, a strategic advisor to the BMO Financial Group. In an exclusive interview with The Gold Report, Coxe explains how demographic shifts are affecting the price of gold and delves into the logic of investing in gold as a long-term strategy. Coxe also draws an important lesson in economics from his reading of Lenin. Full Story
Today saw gold priced in Dollars – and everything else – rising after disappointment over new quantitative easing from the US Federal Reserve. Maybe Ben Bernanke's much-awaited speech at the annual Jackson Hole shindig for central bankers wasn't so disappointing after all. Full Story
By: Scott Wright, Zeal Intelligence - 31 August, 2012
As gold enters into a season of fundamental strength and what should be a powerful new upleg, there ought to be rekindled interest in gold stocks. In fact, if gold indeed rallies the gold-stock sector will likely see a much-more-powerful upleg than the metal considering how oversold it’s been. And one of the first places investors will go when they are drawn to this sector is the venerable GDX Gold Miners ETF. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 31 August, 2012
There is an undeniable, an unarguable connection between the quality of a countries economic competitiveness and its infrastructure. Yet study after study shows the global economy running an infrastructure deficit of anywhere from US$40 trillion to $70 trillion. Full Story
Too true! But “government deficits and welfare state programs financed by the printing press” will not be abandoned any time soon. Since the consequences of not trying to continue to kick the Economic Can down The Road (to the Cliff) are unacceptable to Globalist Politicians and Bankers at The Fed, and the ECB, the printing will continue; thus providing the Delusion (publicized by the MainStream Media) that Recovery is on the way, until Reality pierces it. Full Story
On this week’s news roster we had a hurricane and the Republican National Convention (which scared some Democrats more than the hurricane), but all eyes are on a small town in the state of Wyoming, Jackson Hole, whose claim to fame is majestic Rocky Mountain scenery and the annual meeting of the Kansas City Federal Reserve. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 30 August, 2012
Politicians running for the US Presidency, and their surrogates, are fond of saying “that this election is the most important of our lifetime.” They invoke this cliché so reflexively and so often that it no longer has any meaning. The reason they say this election is so important is because they want listeners to believe, for whatever reason, that it pits two deeply contrasting visions for America against one another, with only one vision capable of winning. Full Story
An objective and reasonable estimate for the price of gold at the next intermediate peak (estimating 2013 – Quarter 2) is $2250 to $2550 per ounce (current price is about $1,650). This is not a prediction based on wishful thinking and hope, but a best estimate based on rational analysis of data back to 1975. Full Story
Money Velocity is plummeting while growth in Central Bank balance sheets is exploding globally. According to the text books this is where money velocity goes ballistic with concerns about hyperinflation. Be assured it is coming, but right now fear is in the eyes of business owners, wealth producers and even the infamous American consumer. It isn't a fear of inflation! Full Story
By: Richard Daughty, The Mogambo Guru - 30 August, 2012
Because I really am, personally, the Ultra-Famous Mogambo (UFM) who thinks he's famous, who thinks he knows everything about everything economic, and is quite arrogant about it in an unpleasant, sneering way, people think they can ask me questions about things I know nothing about, yet get a correct answer. Weird. Full Story
They think they see a perhaps coordinated campaign by US, European and Chinese policy makers to blow the inflationary gasket by engaging the competitive currency devaluation sweepstakes. Given that the risk profile has risen notably over the summer from its previous 'contrarian bullish' status, it could be a good idea to hear what the man has to say (or not say) tomorrow morning before committing too heavily to a particular viewpoint. Full Story
Begin with a preface to a meaningful event that could change the entire US landscape, a redux of what happened four years ago. Consider the next Wall Street financial firm failure. It is in progress. It is not avoidable. It will have numerous ramifications. It will open the door to account thefts, the burial of documents, the ransack of undesired leveraged positions, the concealment of wrecked derivatives, and a path toward the merger of surviving (selected core) firms. Full Story
So, it seems to me pretty clear that September is going to offer the markets with a series of events that have the potential to be market movers. Given the strong seasonal tendency for gold and silver to rally at this time of year, I see gold as having enough reasons at this time for you to be bullish. Full Story
By: The Gold Report and David Morgan - 29 August, 2012
David Morgan, editor of The Morgan Report, expects gold to top $1,800/oz and silver to top $40/oz by the end of the year and both to take off from there. In this exclusive interview with The Gold Report, Morgan shares the logic behind his predictions. Full Story
SO IN TRYING to match ancient Rome's monetary reach, the Euro is running pretty much neck-and-neck with the almighty Dollar. Some €898 billion of printed notes, plus €23bn in coin, were in circulation at end-July 2012, says the European Central Bank. By value, that just pipped the amount of physical US Dollars in circulation – put by the Federal Reserve at around $1.1 trillion. Full Story
Summing up, a lot has happened in the past several days in the white metal market but not very much has really changed from the medium-term perspective. So silver’s show of strength seen in the above charts is not really a very bullish phenomenon. This is especially true when the overbought RSI levels are considered. Full Story
The biggest even this week is Ben Bernanke’s Jackson Hole Speech which will take place on Friday August 31. It was at Jackson Hole in 2010 that Bernanke hinted at QE 2. With that in mind, many investors believe that the Fed is about to unveil or at least hint at a similar large-scale monetary program this Friday. Full Story
By: The Energy Report and Doug Casey - 29 August, 2012
I have to be bullish simply because of reality. It really is the safest, cheapest, and cleanest form of mass power, but unfortunately it's also the object of mass political hysteria. Many misinformed but well-funded nongovernmental organizations simply hate uranium, for purely ideological reasons. Full Story
Pay no attention to any call by the Republican Party to set up a commission to study the feasibility of restoring the gold standard. It has no meaning in terms of policies that are going to be established by the Republican Party, should Mitt Romney win in November. But you should pay attention if the Republican Party establishment decides that it is necessary to put the plank into the platform. Full Story
Back on theme, while there is talk about the gold standard by the Republicans, they are just blowing hot air and taking advantage of a hot button issue and relevant topic. Don't hold your breath on a gold standard even if Romney/Ryan gain the White House. You and I, as lowly market participants and economic survivalists need to read between the lines in a functional way. Full Story
By: The Energy Report and Donald Coxe - 29 August, 2012
The U.S. is no longer the safest place in the world to invest, says Don Coxe, a strategic advisor to the BMO Financial Group. While U.S.-based companies are forced to wade through red tape and legal challenges, relatively lax regulation in emerging economies created stiff competition. In this exclusive interview with The Energy Report, Coxe explains how investors should position themselves as China and India rise to superpower status. Full Story
As Republicans convene in Tampa to nominate Mitt Romney and hammer out their party platform, one of the planks that could attract the most attention is the Party's official position on the gold standard. As it is now being considered, the platform stops short of recommending a return to the gold standard, but does advocate a commission to consider the possibility. However, judging by the reaction with which many Republicans have greeted the idea, one would think that the platform might as well have called for the return of slavery. Full Story
An objective and reasonable estimate for the price of silver at the next intermediate peak (estimating 2013 – Quarter 2) is $50 to $60 per ounce (current price is about $28). This is not a prediction based on wishful thinking and hope, but a best estimate based on rational analysis of data stretching back to 1975. Full Story
Note the black HSR line in the $1675 area. There’s another one at about $1715. We can’t know if gold will decline from here, or rally up towards $1715. Since I’m heavily long gold, obviously I’d prefer the next move to be towards higher prices. Full Story
Last week we wrote: "The reserves held by a central bank have no influence on the associated currency's purchasing power and very little influence on its exchange rate. Today's currencies are not 'backed' by central bank reserves. The reserves are holdovers from a previous monetary system and are anachronistic under today's system." Here's what we meant. Full Story
To print or not to print? Odds are that Fed Chairman Bernanke has been contemplating this question while drafting his upcoming Jackson Hole speech. The one good thing about policy makers worldwide is that they may be fairly predictable. As such, we present our crystal ball as to what the Fed might be up to next, and what the implications may be for the U.S. dollar and gold. Full Story
Over the past 10+ years of this gold and silver bull, I’ve seen gold and silver “newbies” repeatedly make the same mistakes. So I’ve decided to write this short article to help people more clearly understand gold and silver price behavior. There are 3 solid rules to follow and understand when buying gold and silver bullion and or mining stocks. Because of the lack of understanding of these rules, many investors unfortunately unload gold and silver assets at the exact wrong time, at the bottom of long corrections and right at the beginning of huge new legs higher. Full Story
Since his forced resignation, the Jaitly matter has spiraled into something greater than an intra-organizational spat. On August 26th, Forbes Magazine posted an article by John Matonis, “Economist Appearing on Max Keiser Show Forced to Resign”; and, on August 27th, two of the most widely read and respected economic bloggers on the web, Jesse’s Café Americain and Tyler Durden’s ZeroHedge, linked to the Matonis article about Jaitly’s departure. Full Story
In the Investor Alert, our investment team shares charts and data that we believe provide readers with a first mover advantage. While markets don’t always move like we anticipate, recognizing historical trends can provide an edge if you act quickly. Full Story
By: The Gold Report and Eric Sprott - 27 August, 2012
The dire economic situation that persists globally despite the best efforts of central planners to make things seem normal leads Sprott Inc.'s legendary Chairman Eric Sprott to broadcast a loud message of caution: "Fear the financial system." In this exclusive interview with The Gold Report, Sprott says it's time for people to take matters into their own hands and that means pushing further and further into precious metals equities as well as physical gold and silver. With 80% of his own portfolio in that arena, he certainly puts his money where his mouth is. Full Story
By: John Rubino and Gordon T Long - 27 August, 2012
John Rubino and Gordon T Long recount their summer vacation experiences with old friends and how significantly things have changed in their friends lives across America. Both came away unsettled about what they heard and how we are now unquestionably in the midst a Silent Depression. Major changes are occurring below the surface of mainstream media coverage that only confidential discussions with close friends discloses. Full Story
Due to China’s huge size, its developing economy is having a growing influence on the global economic system. One commodity that has been particularly strongly affected by Chinese popular demand is silver and other precious metals like gold. Full Story
The gold Bull Run of 11 years (“IT”) is still happening; make no mistake about that. The fact that the USD gold price has held above the $1525 level is a strong indicator. Seasonal factors and other strong indicators tell me this long gold price consolidation period is nearing its conclusion at last. Gold has formed a new higher base from which it can launch higher. Full Story
Interventions in markets by governments and central banks are routine and we take them for granted. No one questions them, but they can create dangerous distortions. Their reason for intervening is to take price determination away from markets and consumers. Full Story
Things are finally looking up for gold stocks. In fact it’s likely a new major rally has begun. The reason is that major corrections in secular bull markets produce the best buying opportunities. They are the biggest dips for those looking to “buy the dip”. And gold is most certainly in a secular bull market, even if it hasn’t gone mainstream quite yet. Full Story
The last time I "advised" the FED on what to do was on Feb. 6, 2012. I "told" Ben not to do QE3, and he didn’t. Instead, he did Operation Twist. This was the second one of its type. The first Operation Twist occurred in 1961. The Twist is an attempt by the FED to alter the shape of the bond yield curve. It really doesn’t succeed. Considering the huge size of the debt market and the arbitrage that occurs along the spectrum of bonds of different maturities, it’s hardly to be expected that the FED is even capable of altering the yield curve in any economically significant manner. Full Story
As last week ended the Dow was in yet another undeserved rally, recouping fully half of the 300-point loss it suffered earlier in the week. And yet, with exuberance gushing back into the markets, we found ourselves irresistibly drawn to…put options. Hours earlier, we had missed buying some November out-of-the-money QQQ puts by two cents, and although this left us feeling slightly remorseful at the bell, we were cheered when it was reported after the close that Apple had been awarded $1.1 billion in its patent infringement suit against Samsung. Full Story
We begin with a chart of the bull market in the HUI and we highlight the cyclical bear markets. The 2011-2012 bear lasted about as long as the 2004-2005 bear but was a bit deeper (42% versus 36%). The fact that this bear corrected the recovery from the 2008 crash could be why various valuation and sentiment indicators are at such compelling levels (as annotated in the chart). Full Story
Last week we got what we had expected - and prepared for - for weeks, an upside resolution of the tight standoff in both gold and silver. Actually, gold signalled that it was going to go up several weeks back, when it broke out of the Triangle shown on its 8-month chart below, in late July. The breakout from the Triangle was on good volume, and it then consolidated in a nice tight Pennant pattern before breaking higher to run ahead sharply last week. So is that it - are we on our way now? - almost, but there is one remaining major hurdle left to clear. Full Story
There is something missing from this thing we are calling a recovery. For most in the US it does not feel like a recovery, and for good reason: the jobs aren’t there. But for some groups it is a recovery, and more. And that reveals an even bigger problem. Today, in a summer-shortened Thoughts from the Frontline, we look at the trends in employment as well as take note of a signpost we passed on the way to finding out that we can’t pay for all the future entitlements we have been promised. Full Story
This educational video looks at how and why people invest in silver. While economic, socio-political and psychological forces play a large part in determining the price of silver, it all comes back to the basic principles of supply and demand. Full Story
It wouldn’t be a normal day in the life of the 24-hour news cycle if there weren’t some type of campaign against gold and its proper role as money. True to form, The Financial Times stepped to the plate to launch a rather hilarious attack on gold in the context of an article which discusses the idea that one half of our Diet Coke/Diet Pepsi political system is contemplating adding what is the equivalent of a feasibility study on returning to the gold standard to its political platform. Full Story
Some predictions are easy. Here is mine: "The government of the United States will default on the vast bulk of its debts, which are mainly debts of Medicare, and to a far lesser extent, Social Security and the federal pension system." This prediction is easy to make when you have Professor Lawrence Kotlikoff of Boston University doing your research for you . . . free of charge. Full Story
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