By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 October, 2010
You may be asking yourself, did the central banks ever control the gold market? Yes, indeed they did! The gold Standard was the ultimate system of control they had until it was dropped. Then President Roosevelt’s Administration took control of the U.S. gold market when he confiscated all U.S. citizens held gold. Ownership of gold was only re-permitted in the early seventies. Full Story
Oil is heading to US$200 per barrel. This isn’t speculation but hard fact. But forewarned is forearmed, and with this price expected within the next five years, investors have plenty of time to position themselves. Full Story
All told today – and seeing the world's fastest-growing economies continue to buy and hold ever more gold as their wealth increases – maybe US and European savers are only just getting back to the future. Either way, that "bubble in gold" doesn't exist. Not by a long way just yet. Full Story
By: Daniel Aaronson and Lee Markowitz - 1 October, 2010
September’s stock market rally, the best September since 1939, was impressive not only because of its magnitude, but also because of its influence on investor sentiment. The American Association of Individual Investors (AAII) sentiment poll surged from 20.7% bulls on August 26, 2010 to 50.9% bulls as of September 16, 2010. Full Story
Before the Solutions, the Challenges… The U.S. and Major Eurozone Nations’ Debts are so substantial that no reasonable level of taxation can possibly pay them. Therefore, they will be “paid” through “Stealth” Currency (i.e. Purchasing Power) Debasement via Overt (and/or Covert – likely already occurring – see below) Quantitative Easing (Q.E). Full Story
Billionaire David Tepper, one of the most successful hedge fund managers in the world, attracted much attention in a September 24th CNBC appearance by presenting such unrestrained optimism that even the normally buoyant network hosts were somewhat surprised. In a rare interview, Tepper argued that all asset classes would go higher no matter if the US economy recovers or not (with the possible exception of the US dollar). Full Story
By: Scott Wright, Zeal Intelligence LLC - 1 October, 2010
Gold miners come in all shapes and sizes. From large mega-miners to small single-mine operators, these producers each play important roles in the global gold supply chain. Investors are most familiar with the mega-miners, an elite group of producers responsible for a large majority of overall mined supply. But for a variety of reasons investors should not overlook the smaller fish in the pond. Full Story
Unfortunately investors as a group are slow to adapt to change, which can be a harsh and costly lesson to learn. But where there is turmoil there is also opportunity for those who can recognize change and make that adaptation. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 1 October, 2010
Long ago, before economic models developed their current levels of sophistication, it used to be that the goal of a government's economic policy was to bring prosperity to its citizens; in other words, to raise the general level of material comfort, while at the same time reducing the amount of toil required to attain that end. Full Story
By: Richard Daughty, The Mogambo Guru - 1 October, 2010
And how does this “naked-short paper gold” thing work? Perhaps best explained by example, imagine Apu, famously of the Kwik-E-Mart of The Simpsons TV show. The scene opens with the doors of the convenience mart opening, and in walks some nice, trusting guy, to whom Apu says, “Hello, sir! How may I be of service today, valued customer? A Double-Blast Raspberry Squishee, perhaps?” Full Story
With gold punching the $1,300 mark, thoughts of what a gold mania will be like crossed my mind. If we're right about the future of precious metals, a gold rush of historic proportions lies ahead of us. Have you thought about how a mania might affect you? Not like this, you haven't… Full Story
I figure if I have tangible assets like gold in the future, no matter what the world central banks set the price level at, I’ll be able to trade my gold for the necessities I need to live. If prices for goods stay the same, double, or triple I won’t care because it’s all the same to me: gold and silver will follow the government-created inflation wherever it goes! Full Story
By: Ira Epstein, The Linn Group - 30 September, 2010
Even if the last break low of 1276.2 were to be taken out, the seasonal chart implies another leg up by year end. I expect today’s setback in gold prices has a lot to do with “profit taking along with end of the month and quarter window dressing”. Keep an eye on the seasonal tendency of prices in early October to break or stall out. This may provide you with an opportunity to buy at lower price levels. Full Story
Phelim McAleer, writer, co-director and narrator of the tragi-comical documentary “Mine Your Own Business” pillorying the environmentalist movement's march against mining, will keynote the Silver Baron's Banquet dinner Thursday, Oct. 21 at the eighth annual Silver Summit Oct. 21-22 at the Davenport Hotel in Spokane, Washington. Full Story
The BIG MONEY flows from the biggest trends, of course. But even the brightest people, and with the best of intentions, can struggle to see today what hindsight will say you could have banked on. Full Story
One of the rules I live by is to be wary of people with ideologies that are firmly set in stone. With regard to the financial markets, I am very wary of them. That is because successful navigation of the markets - while avoiding or mitigating periodic blow ups - depends on the ability to reason as an individual and the understanding that the above noted forces of inflation and deflation are constantly in play against each other with each ideology hosting its proponents, backers and flat out cheerleaders at either pole. Full Story
Today it appears the Bears followed through on yesterday’s assault, with a massive selling raid at the European open. Dec gold at its low was down $22.40 at $1276.20 and the AM fix at $1,289 was $8 below the Monday PM level. As the Indian premiums indicate, this effort produced huge buying. After a final effort to regain momentum on the NY open, the Bears broke on somewhat gold-friendly economic data and an enormous rout ensued. Dec gold closed up $9.70 at $1,308.30; aggregate volume was an enormous 208,540 lots. Full Story
The night of Aug 19-20 was one of those which prompted me to stay up late for four hours to whet my appetite for something different than the normal Rothschild spin and twist on news/events. Coast had a couple of guests on which had some very insightful perception on a couple of major news events which will have a profound impact on the gold, silver and commodity markets in the coming days. Full Story
By: Richard Daughty, The Mogambo Guru - 30 September, 2010
John Mauldin, in his Frontline Weekly Newsletter, had a graph of Total Consumer Credit Outstanding, showing that it had peaked at the end of 2008 after running up to almost $2.6 trillion. I instantly leap to my feet, howling in outrage because there are less than 100 million private-sector workers in the Whole Freaking Country (WFC), and private-sector workers are the only people that can show a profit, with which to pay debt, by their labors. Full Story
By: Rick Ackerman, Rick's Picks - 30 September, 2010
Should we be worried now that the Wall Street Journal has “discovered” the bull market in gold? Relax. This bull market has years to go. It’s so powerful, in fact, that it will easily be able to shrug off yesterday’s front-page headline in the Journal, “Gold Vaults to New High,” and continue into the ozone. Full Story
Some prefatory stories are highly revealing. Bank of America is badly on the ropes. On the same weekend at the end of July, when the Bank For Intl Settlements executed a 340 ton gold swap contract, two other events happened. The London metals exchange apparently suffered coordinated delivery raids, all legal, but painful nonetheless, stripping the embattled exchange of much gold bullion. Full Story
Thomas Geissler is a bullion entrepreneur in his own right. His creation, the Gold to Go company, specializes in gold vending machines. These machines are currently in use in Europe and the Middle East to deliver gold to consumers in a number of high end hotels. After apparent success, these new gold vending products will soon come to the United States and help create the next generation of bullion investors. Full Story
Although it is nine years old, the bull market in gold remains surprisingly misunderstood. Fund managers who focus on gold are mislabeled as doomsayers and each new high in the gold price breeds fresh talk of a gold bubble. Much of this has to do with fear, and embedded in the psyche of Wall Street is the notion that equity investors should fear a rising gold price. Full Story
By: Julian Phillips & Peter Spina, for the Silver Forecaster - 29 September, 2010
After 18 months of work, the silver price has broken to new highs breaking past $21-$21.25 and is set for a significant run to much higher levels with expectations to hold new high levels at around $24-$29 in the first run up. Full Story
Another day, another all-time high in gold. What a run it has been for the last two months. Remember how gold used to act for what seemed like forever? Up until last month gold would usually meander around and then suddenly spike up, or down, $20-$50 in a day. It was extremely volatile. Full Story
By: Bob Chapman, The International Forecaster - 29 September, 2010
It is interesting to watch Wall Street defy reality. This is a scene we’ve observed since the early 1960s, the effect of debt on the economy and the nation and in turn on its currency. The result of the profligacy over all those years is the biggest bull market in history in gold and silver. As we write gold is toying with $1,300 and silver with $21.50. Each day a new high is reached in spite of a pending options expiration and the perpetual market rigging and manipulation by the US government. Full Story
The question now is not whether Gold will go higher or not. Most of us know the primary trend is higher and will continue in the years ahead. The real question is three-fold. Are you invested? How much are you invested? Will you hold on? Going forward, as the bull strengthens and as more come on board the last question becomes most pertinent. Let me present you with some quotes that will elucidate my point. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 29 September, 2010
GATA's freedom-of-information lawsuit against the Federal Reserve in U.S. District Court for the District of Columbia, an action seeking access to the Fed's records involving gold and particularly gold swaps, is nearing a critical point. Full Story
By: Rick Ackerman and 3 Lions - 29 September, 2010
I wrote here recently that the stock market is almost completely driven these days by algorithmic trading and prop-desk automotons who couldn’t care less about whether the ups and all-too-infrequent downs of the broad averages accurately reflect “reality.” Following is a post from the Rick’s Picks forum by “3 Lions” that nicely frames the insanity of it all. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 September, 2010
Hindsight is always a satisfying exercise, because you have all the facts, you know what happened eventually and you simply have to find the reasoning that is now established by history. Forecasters can be judged efficiently as to whether they were right or wrong in the light of history after the event, only. Full Story
As I see it, unlike the inflation of the 1970s that could be treated with a strong dose of tight monetary policy, the debtflation we now face can only be resolved through default. Given that no U.S. government will want to join the ranks of history’s sovereign deadbeats, the inflation option remains the most likely course. Full Story
As we move into the gold revaluation phase, the bankers are taking the mask off the recovery puppet. “Elmer Fudd” Public Investor could be about to watch his Green Shoots recovery play turn into the Texas Chainsaw Massacre, with Elmer playing lead victim in the horror movie. Full Story
Yes I know it is now September, and no this article is not five months late. We have been in a consolidation phase and this has been a very strange year. Gold made a high in May just US$50 below the current record price which is nudging US$1300. At the Northern hemisphere summer solstice, on June 21st this year gold made another high just US$34 below Mondays close. Full Story
Given the ongoing global financial crisis constructing a solid and conservative portfolio today is much different than at any other point in history. What worked in the 80's and 90's is anathema today. A smattering of large cap American industrial and banks stocks and US Government Tbills and corporate bonds are a sure recipe for disaster over anything but the short term. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 28 September, 2010
Although it hard to begrudge the punch drunk for grasping at a little hope, investing is a dispassionate endeavor that calls for close and realistic analysis. In that spirit, let's dig deeper into the recent 'good news.' Full Story
By: Steven Saville, Speculative Investor - 28 September, 2010
All historical episodes of hyperinflation that we know of -- and we know of many -- have been step-by-step processes set in motion by, and sustained by, increases in the supply of money. After the supply of money grows at a rapid rate for a period of at least a few years, some people conclude that the inflation will be endless. Full Story
By: Richard Daughty, The Mogambo Guru - 28 September, 2010
I have grown old yelling at my neighbors and family members to buy gold, silver and oil, to little-to-no avail, and I can see that they are getting bored with my same old million reasons why they should, and how their deliberate inaction only proves their stupidity, which I never tire of pointing out, so they can’t say that they “didn’t know” that they were stupid. Full Story
By: Rick Ackerman, Rick's Picks - 28 September, 2010
Ordinarily we advise using a stop-loss of just a few pennies or less, but in this case the Hidden Pivot target we were looking to short seemed capable of sending the futures into a nasty corrective dive. This did in fact occur, although we expected – still expect – more than the 28-cent sell-off that has taken place so far. However, if the futures should instead come roaring back today or tomorrow, we would take that not as a sign that an important Hidden Pivot target had failed to work, but that it had been able to contain the rally only briefly. Full Story
By: The Gold Report and Porter Stansberry - 27 September, 2010
Finding undervalued blue chip companies with exposure to Asian growth ranks high on Porter Stansberry's to-do list these days. And it works as a hedge against inflation, too, according to the fellow who founded Stansberry & Associates Investment Research, because the companies' earnings and assets would grow as prices climb. Full Story
With the number of financial bubbles inflating and bursting over the past decade and a half, it isn’t surprising that financial analysts have their “bubble-dar” honed and active. What is surprising though is the large number who have resoundingly dubbed the gold market as “the next big bubble.” But is it? Most gold owners reject claims that gold is in a bubble, but they might not be sure exactly why. The most concrete and convincing evidence against gold being in a bubble, though, is right in front of us. Full Story
Taking into account 11 key measurements based on historical movements and price ratios, gold is likely to exceed $5,000 and silver is likely to exceed $200 within the next 5 years. If silver reverts to its historical ratio of 16 to 1 with gold, then it could rise even higher. Let me explain. Full Story
You may remember my commentary entitled Paper Cover Rock from the end of July in which the game ‘rock paper scissors’ was employed to illustrate how at the time our bureaucracy’s price managers (the bank cartel, etc., call them what you will) crushed gold (and silver) going into August options despite excessive bearish sentiment at the time to prove a point, the point being prices will be contained no matter what. Full Story
One of the biggest fears underscoring the financial market since the 2008 credit crisis has been global economic growth. Investors have worried that a global economic slowdown would all but derail what little economic momentum the U.S. has experienced since the recovery started in March 2009. Full Story
The question we must ask ourselves is, is history repeating? Did the conservative phase of the precious metals bull move end on Sept. 3 and is the speculative phase just beginning. One of the reasons that it is important to answer this question is that the exploration stocks also come to life about the time that silver begins to move. Full Story
CNBC ran an interesting article last Friday entitled, “Lawmakers Take Steps to Protect Gold Investors”. The article discussed how politicians are questioning the tactics used by those selling gold, with Rep. Anthony Weiner contending, “The television gold industry is an industry, and is led by one particular company that has built up the industry on fear, lies and rip-offs.” Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 27 September, 2010
The Federal Reserve said two words in its statement this week that should make every gold investor happy: Quantitative Easing. The Fed hinted that we may see additional QE measures as early as November. The news is good for gold investors because it means there could be more dollars chasing a finite amount of resources, further devaluing the U.S. dollar. Full Story
Many people are uncertain in just exactly how to invest in these troubled economic times. Private capital seems to be fleeing the stock market as it not only seems to have gone nowhere this last decade but has even lost ground when considering the steady erosion effects of inflation as it devalues our dollars. Even though we may hold the same about of dollars in our accounts at the end of the decade as when we crossed over into the year 2000 those dollars have shrunk quite a bit when considering their purchasing power. Full Story
President Obama has just issued a blackmail to Prime Minister Wen Jiabao of China: “You immediately revalue the yuan or else…” According to an article of David E. Senger in The New York Times dated September 23, 2010, the two leaders met at the United Nations in New York and spent most of their two-hour session in a spare conference room, usually used by members of the Security Council, to discuss the currency issue. Full Story
By: Rick Ackerman, Rick's Picks - 27 September, 2010
The Mother of All Bear Rallies wafted to within easy distance on Friday of re-energizing a bull trend that had seemed unstoppable until last spring. Back then, buyers who had driven the broad averages higher for fourteen months at an unsustainable, 45-degree pitch turned flaccid, sending stocks into a 1000-point sine wave that for four months has defied easy categorization as either a consolidation or distribution. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and answer listener's questions. 2nd Hour: Catherine Austin Fitts, Solari Inc. James Turk, GoldMoney.com Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 September, 2010
In the last two weeks we have seen the U.S. dollar move from $1.2751 to $1.3450 against the Euro. It has also fallen against the Pound, the Yen and the Swiss Franc. The Japanese government via the Bank of Japan is weakening the Yen as we write this. Full Story
Gold broke above $1300 an ounce on Friday and silver ended at a new 30-year high. Whether these gains are sustainable over the near term is impossible to comment on. What can be said is that gold is likely to remain in a long-term uptrend so long as the central banks continue to try and manipulate currency and asset prices, and/or the outlook for fiscal deficits remains worrisome. In other words, gold and silver today serve as both a hedge against the downfall of fiat money and the threat of major sovereign default(s). Full Story
The latest economic crisis has had one key player: Alan Greenspan. This infographic looks into what is happening in the current economic climate. Full Story
By: Bob Chapman, The International Forecaster - 26 September, 2010
We recently saw gold at $1,300.00 an ounce. That is a long way from $35.00 an ounce on August 15, 1971, just a year shy of 40 years, from when President Nixon closed the gold window. Over the past ten years gold has been up about 20% a year. Shares and mint state graded numismatic coins have certainly outperformed gold bullion. Full Story
An open letter to Paul Volcker, Chairman of the Board of Governors of the Federal Reserve, 1979-1987; Chairman of President Obama’s Economic Recovery Advisory Board, presented to him, in person, last year Full Story
By: John Mauldin, Millennium Wave Advisors - 26 September, 2010
This week the Fed altered their end-of-meeting statement by just a few words, but those words have a lot of meaning. It seems they are paving the way to a new round of quantitative easing (QE2), if in their opinion the situation warrants it. A trillion dollars of new money could soon be injected into the system. Full Story
In 2011, Congressman Ron Paul will introduce a bill in the House of Representatives calling for an audit of the gold held by the Federal Reserve System on behalf of the United States government. If he can successfully promote this bill by the phrase, "Show us the gold!" he will inflict enormous damage on the American Establishment. Full Story
By: The Gold Report and Steve Parsons - 26 September, 2010
Wellington West Senior Analyst Steve Parsons developed an investment thesis for large copper deposits three years ago. His premise was that competition among Asian smelters would drive these companies to seek guaranteed sources of metal concentrate. Full Story
You think I am crazy? I have been ridiculed, dismissed, hated and now I am feared, but no one has given me a reason to change my view. I am still listening. Unbacked paper money is fraud. Most of the wealth is the world is an illusion. Full Story
By: Richard Daughty, The Mogambo Guru - 26 September, 2010
The massive door of the Mogambo Bug-Out Bunker (MBOB) was locked, and I was taking a little break, leisurely looking through the periscope/range finder/fire-control module, calmly reconnoitering the perimeter and keeping an eye on the neighbors, watching them acting like they are innocently mowing their lawns and washing their stupid cars, but who are actually spying on me, like I am too stupid to notice their treachery and perfidy. Full Story
Resistance is futile. Gold is charting into new frontiers. We’re now on the road towards $1,500 Gold and $30 silver. Both targets should be reached with this move which should last until perhaps spring. Full Story
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