No matter how one looks at it, the current Kondratiev winter has several years to go. Things may well get worse before they get better. The stock market could fall to new lows. Gold could soar to new highs as the crisis deepens. The current solutions are band aids when what is required is a cleansing that allows the debt to be written off and deleveraged. Full Story
By: The Gold Report and Chen Lin - 2 December, 2011
Investors focused on picking the next ailing economy have reinforced gold as the ultimate refuge if all the financial juggling fails. In this exclusive interview with The Gold Report, Chen Lin talks about the effects of risk aversion on the performance of gold stocks. While it has been a tough year for precious metals stocks, smart investors should be looking for promising stories as others decide to clean house for tax purposes. Full Story
The United States has become a nation of savers. Where once the money management mantra was "invest it and retire wealthy," it is now "save it or lose it" -- a healthy reaction to the chaos, greed and notable lack of safety in traditional investments including those sponsored by Wall Street's financial firms. Retirement plans and pensions are in trouble. The fear is that individual savings could disappear overnight in a general financial system meltdown. Overriding all is a sense that things are going to get worse before they get better and that the time has come to take matters into one's own hands. Full Story
There is palpable fear in the world and the urgency could be felt in the new strategy unveiled Wednesday morning by the world’s major central banks to bolster the financial system by increasing liquidity in the financial markets. In response, stock markets surged with joy with the S&P up 4.3 per cent. The move dragged down the dollar, bolstered the euro and pushed gold prices 2 per cent higher to finish November with a 1.9 per cent rise. Full Story
By: Scott Wright, Zeal Intelligence - 2 December, 2011
Hydrocarbons have become the lifeblood of this modern era. And with a huge economic incentive for finding and extracting them, drillers have scoured the world in search of this finite resource. When they do find it, there is nothing more thrilling than bringing this raw form of energy to the surface. Full Story
The Mega-Bankers have stuck themselves, and thus Investors and the Citizens of the countries in which they do business, between a rock and a hard place. That position creates both Threats and Opportunities for Investors, as we explain. Full Story
Increase productivity, encourage innovation and lower taxes so that the wealthier individuals and entrepreneurs can invest more – all this will create more jobs and stimulate economic growth! These are some of the more popular outcries from economists and market commentators recently. It’s a great call and it sooths the ear – but in reality it is based more on folklore than historical fact. Full Story
Ben Bernanke is in panic mode. The November 30 coordinated announcements of six central banks regarding their intervention into the currency markets was exactly that – coordinated. If you think it was coordinated by anyone other than Bernanke, you are out of touch with reality. (Test: name the heads of at least two of the other five central banks.) Full Story
By: Rick Ackerman and Erich Simon - 2 December, 2011
Ever consider stuffing money in your mattress to guard against a banking collapse? Here’s a guest editorial from our friend Erich Simon that suggests you might be better off taking your nest egg and buying…a bunch of mattresses. We’re not sure whether Erich’s point is being made tongue-in-cheek, but we are convinced, after an exchange of several e-mails, that he is a true connoisseur of bedding and accessories. Full Story
By: Terry Coxon, Casey Research - 1 December, 2011
You likely have seen invitations to open a "Gold IRA" or something with a similar name. Perhaps you should, but before you do, think about why an Individual Retirement Account might or might not be a good place to hold gold. That may tell you something about the best way to introduce gold into your IRA. Full Story
By: Ira Epstein, The Linn Group - 1 December, 2011
My expectation is that what Europe does at their upcoming meeting will be the catalyst that moves gold higher into month end. I admit that I am having tunnel vision in terms of my expectation that gold will move higher because I think the EU knows the pain the financial markets will exert if they don’t do the “right thing”. Full Story
By: The Gold Report and Ian McAvity - 1 December, 2011
Amid a chorus of gold mining pundits yelling for investors to snap up cheap gold equities is Ian McAvity, a 50-year veteran of the markets, telling investors to wait. In this exclusive interview with The Gold Report, McAvity, who produces Deliberations on World Markets, explains why historical cycles lead him to believe the market is in for some new lows and what that means for the gold price and the juniors seeking out that shiny metal. Full Story
A look at the silver market, focusing on supply and demand, psychology, and inflation. Visit http://www.edrsilver.com for more information. Presented by Endeavour Silver Corp. as part of an ongoing series of educational films on all things silver. Full Story
As I wrote in the last installment regarding the situation in Europe, matters are progressing there much more quickly now as the continent sways back and forth between financial oblivion and a nervous peace brought about by paper promises (yes, paper promises) by central banks around the world. The purpose of this article is not to focus on the behind the scenes of these actions – we’ve already done that, but to examine some of the other outlying issues that are rarely mentioned. Full Story
The last three major bull markets of the Dow have been followed by a bull market in gold. This is no coincidence, since these massive bull markets have been mostly driven by the huge expansion of the money supply. When this expansion of credit is exhausted, the confidence in all things (like stocks) inflated by this expansion of credit fails, causing a massive rush to gold. Full Story
WITH CHRISTMAS a little over three weeks away, the European Central Bank may be about to hand indebted European governments – not to mention its banking sector – the biggest gift they ever received: an unlimited credit backstop. Full Story
Flipping the Silver-Gold ratio on its head, we find the GSR in a nice uptrend after it was clobbered down and out of its bottoming pattern last year by the Vampire's QE2 policy announcement. Once the bottoming pattern broke in the GSR, NFTRH abandoned the intense risk management and rode to a nice solid +42% return in the speculative portfolio. Thank you Ben. Full Story
We've got a new slogan for deflationists. Deflationists: Wrong Since the Advent of Fiat Currency. It's been the never-ending, battle royale of the economic world ever since the looming end to this financial system became starkly clear in 2008. Will the western governments, almost all completely incapable of paying the gargantuan debts enabled by democracy, central banking and fiat currency, allow the system to collapse (deflation) or worm their way out of it via inflation, until we live in a hyperinflationary apocalypse? Full Story
By: The Gold Report and Brian Ostroff - 1 December, 2011
As the market sloshes around, gold is searching for its identity. It has played currency hedge and equity adeptly at different times this year. While other investors wade through the confusion, Brian Ostroff, managing director of Montreal-based Windermere Capital, is taking the opportunity to snatch up gold mining equities that have been quietly performing under the radar. In this exclusive interview with The Gold Report, he contemplates why the market isn't rewarding junior gold equities worthy of praise. Full Story
By: Rick Ackerman, Rick's Picks - 1 December, 2011
If DaBoyz can squeeze a 500-point Dow rally out of yesterday’s administered easing of dollar “swap” rates, just imagine what they can do with a little Santa seasonality and a dollop of year-end window-dressing. Let’s be straight about a couple of things. First, no one expects the latest easing of global credit lines to resolve Europe’s debt crisis. And second, the 800 points the Dow has tacked on this week represent little more than trading machines masturbating each other amidst a short-covering panic. Full Story
The US Federal Reserve has fooled a lot of people into believing that the grand monetary pump and debt monetization project has been put on hold. The only thing that changed was their talking publicly about it. The money press has been working to the limit, never stopped. The discussion has been kept quiet, but the machinery still makes a lot of shrill noise. The proof is not movement of lips by central bankers, but the data from the monetary aggregate. The data is compelling in calling them out. The conclusion to reach is that Quantitative Easing has become the norm, the foundation policy, the emergency action to prevent implosion of the US banking system. Hyper monetary inflation is the New Normal. Full Story
In 1980, the price of one ounce of silver reached $50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 135 to reflect the value of the US dollar thirty years ago. The bull market of the silver price started towards the end of 2002. On the way from $ 4.02 to the recent high of $ 48.42 (an increase of 1,100%), several significant corrections took place, the most severe one in 2008 when the silver price sank by 56% only to jump 440% to a new high since the bull market started. “The bull market is not over. However, at present, a correction seems to be overdue.”, we wrote in March. It is time to consider re-entering the market (if you have sold). Full Story
By: Bob Chapman, The International Forecaster - 30 November, 2011
High interest rate contagion has spread to bonds of Germany, Finland, the Netherlands and France. Short-term financing has dried up. That means another credit crunch is on the way. In Britain interbank loan volume is off 25%. As a result the ECB will increase bond purchases by $110 billion a month. Of course, this is illegal under Article 123 of the EU Treaty, but who cares. Rules were made to be broken. Full Story
Can the euro be saved? Is it possible to stem the flight of money from the periphery into the core? With a botched German auction in mind, investors are now wondering whether it’s possible to prevent a flight out of “all things euro”? We examine the dual challenges of fiscal sustainability and bank solvency in this analysis, with the not-so-modest title “Guide to Save the Euro”. Full Story
With all the interest in physical gold, silver and other commodities these days, and the large/mid-cap companies who mine the metals and the juniors who are exploring for them, it begs the question: “Why is no one writing about the merits of investing in the long-term warrants associated with a few of those companies?” Merits? Absolutely! Full Story
The news was that the world’s largest central banks including the U.S. Federal Reserve, the Central Bank of Canada, the Japanese central Bank and Switzerland have joined forces to basically bailout the world. Full Story
As Washington DC frets the automatic cuts coming from a failure of the super-committee, the American public is watching their wealth vanish. This disappearing act of wealth occurs on two fronts, first by the continuous spending and inflating in Washington, and secondly by a loss of confidence, which has sent the stock market plummeting in recent days. Full Story
By: Rick Ackerman, Rick's Picks - 30 November, 2011
So what about that technical divergence between crude and gold? Rick’s Picks has been calling for a gold correction down to at least $1627, basis the December Comex contract. That’s $40 beneath the so-far cycle low of $1667 achieved on November 22. However, our forecast for March Crude is bullish, calling for a rally to at least 109.65, a little more than $6 above the so-far recovery high achieved earlier this month. How will we reconcile the two? Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 November, 2011
After a long and lengthening political debacle on both sides of the Atlantic, the developed world remains embedded in a crisis that the political systems are unable, or unwilling, to resolve despite all the hopeful talks. The leaders of the developed world are capable, competent men who have what it takes to surmount the debt crises that are consuming confidence day by day. So why don’t they? Full Story
This may sound sensationalistic, but I think the odds are very high that, on average, gold producers will sell in the $200 range before this bull market is over. With most of them trading between $20 and $40, the returns could be tremendous. And while the typical junior won't reach the same price level, their percentage returns will be much greater and potentially life-changing, as you're about to see. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 29 November, 2011
Hardly a week goes by, without a major summit between German Chancellor Angela Merkel and French President Nicolas Sarkozy, trying to devise another clever scheme to save the Euro. Yet after 1-½ years of trying to contain the wildfire, - the Euro-zone’s debt crisis is more dangerous than ever. The collapse of Greece’s €360-billion bond market, now trading at 26% of face value, has triggered contagion sales from periphery of the Euro-zone - Greece, Ireland and Portugal, and into the next upper tier of the Euro-zone, namely, the bond markets of Spain and Italy, which together owe €3-trillion of debt. Full Story
It has been a tough year for the mining stocks. The large stocks have moved back and forth in a range from support to resistance while the mid tiers and juniors have really struggled especially in recent months. With Europe seemingly on the brink and most markets turning down, it is an opportune time to examine the technical support of the various gold and silver equity indices. The longer the large cap equities maintain support, the more internal strength they build in preparation for a breakout in early 2012. In turn, such action would greatly help the juniors and non producers who have had a difficult year. Full Story
The United States is quickly coming to resemble a post industrial neo-3rd-world country. Unemployment, lack of economic opportunity, falling real wages and household incomes, growing poverty and increasing concentration of wealth are major trends in the U.S. today. Behind these growing problems are monetary inflation created by the Federal Reserve’s monetary policies, federal government deficit spending and the dominant influence of “too big to fail” banks and large corporations in Washington D.C., which has altered the direction of law in the United States. To make matters worse, the U.S. government faces a historic fiscal crisis. Full Story
Gold continues to do battle with the dollar bugs at the $1700 marker. The action in the $1530-$1920 price block is really the battle for $2000 gold, and there are some significant similarities with the battle for $1000 gold. Who would have thought the decline into the lows of 2008 would form the head of a massive head and shoulders continuation pattern, one that would power gold 90% above the $1000 platform, to a mind boggling $1900 an ounce? Full Story
Like pretty much everyone else, Roubini thinks the Gold Standard's tiresome rules brought about that cataclysm. Those manacles meant having to swap paper for bullion every time investors and savers got jumpy about the size of your deficit, your debt or your money-printing. Really, what an idea! So 80 years later, the Gold Standard is deader than punk. Yet here we are in another depression again. Full Story
By: Steve Saville, The Speculative Investor - 29 November, 2011
Of all the risks facing the global economy, the euro-zone's sovereign debt crisis has recently had the highest profile and the biggest effect on the financial markets. The most blatant outward signs of the crisis are the sharp rises in European government bond yields since early October and especially since early November. Full Story
Precious metal investors have little to complain about with gold up 25 per cent and silver by 18 per cent in the past 12 months. By comparison many equity investors have lost money. But behind this gain has been some pretty staggering volatility. Full Story
With the European End Game now in sight, the primary question that needs to be addressed is whether Europe will opt for a period of massive deflation, massive inflation, or deflation followed by inflation. Full Story
By: Rick Ackerman, Rick's Picks - 29 November, 2011
We have our doubts that bullion prices are about to embark on a major rally, since yesterday’s admittedly encouraging upthrust was tied to a stock-market rampage that, having occurred for all of the wrong reasons, is doomed to fail. It was in fact a quite nasty bear squeeze that sent stocks soaring overnight. The short-covering panic was triggered by rumors — later denied – that Italy was about to receive an $800 billion bailout. Full Story
By: The Gold Report and John Williams - 29 November, 2011
Among the specters lurking in ShadowStats.com's Editor John Williams' gloomy outlook for the U.S. are the demise of the dollar, hyperinflation and the ongoing lack of political will to take sound corrective measures. Still, as he tells The Gold Report in this exclusive interview, investors have options. Williams contends that turning to gold, silver and strong foreign currencies would protect wealth and position savvy investors to take advantage of extraordinary opportunities likely to flow out of the turmoil ahead. Full Story
The news headlines have been fixated on the debt drama unfolding in Europe. It’s important that we give some thought to this since it paves the groundwork for the upcoming 120-year cycle bottom in 2014 and will increasingly play a bigger role in the financial market in 2012 and beyond. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 28 November, 2011
I've always advocated that investors hold at least 5-10% of their portfolios in physical precious metals. With major Western nations now defaulting on their debts, more and more investors have decided it's time to take my advice and own an asset that doesn't depend on the solvency of an ETF, bank, or government. Full Story
Analysts for Goldman Sachs have recently predicted that low interest rates will keep gold prices climbing for the rest of this year and into 2012 and raised their price forecasts for the precious metal to $1,930 per ounce from $1,860. So far this year, the price of gold is up about 26 percent. Full Story
The Elliott Wave Theory (EW) gives superb results in predicting the gold price. While it is a complicated system with many difficult rules which I explain in simple terms in this article, I have determined that once this present correction in gold has been completed it should undergo the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way. Full Story
By: Rick Ackerman, Rick's Picks - 28 November, 2011
Reports of shopping-related violence over Thanksgiving weekend were so appalling that one might infer that Western civilization itself had slipped yet another notch, much as it did when Paris Hilton and Kim Kardashian became world famous for sharing their fellatio techniques online. On Friday, a female shopper hell-bent on snaring a video game at a ridiculous price pepper-sprayed other bargain-bin ghouls to frighten them away. There was also a robbery-shooting in a mall parking lot, as well as numerous other incidents that, taken together, suggest that the annual kickoff to the Christmas shopping season has become as violent and rapacious as an 1880s land-rush. 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. GUEST BIOS: James Turk, GoldMoney.com Peter Grandich, The Grandich Letter Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - 27 November, 2011
Gold Forecaster has for years now pointed to gold’s coming monetary role as collateral. We have never believed that a return to the Gold Standard was feasible in the form it was used in last century. We have never believed it would return as day-to-day money. We have always seen its return tied into its use on a global basis, most likely between governments, as we saw under the Bretton Woods system after the Second World War. We have always pointed to a time when it would return to a key monetary position in the global financial system. Full Story
By: David Coffin and Eric Coffin - 27 November, 2011
So who wants to play poker with Angela Merkel? Not us. Ok, it’s not just about Merkel, but the country she is Chancellor of is more than ever calling the shots in Europe. Many, not just Germans, think that is the way it should be. Germany has low risk bonds and high(er) growth so its ways are considered the solution for all, particularly by Germans. Full Story
By: Adam Hamilton, Zeal Research - 27 November, 2011
The general stock markets’ day-to-day price action utterly dominates individual stock sectors, including commodities stocks. So anything traders can do to better understand the forces driving the stock markets as a whole leads to better stock entries and exits universally. With this truth in mind, many speculators and investors wonder whether commodities-like seasonality also exists in the general stock markets. Full Story
It’s been said Alaska has been discovered four times; first for furs, then fish, gold and finally, oil. Alaska’s history has therefore been one of boom to bust to boom. There is no doubt that gold played the major part in the development of Alaska and today precious and base metals are again playing a major role in the state’s economy. Full Story
Angela Merkel is leading the call for a rule change, a rewiring of the basic treaty that binds the EU. But is it both too much and too late? The market action suggests that time is indeed running out, and so we’ll look at the likely consequences. Then I glance over the other way and take notice of news out of China that may be of import. Plus a few links for your weekend listening “pleasure.” There is lots to cover, so let’s get started. Full Story
By: Bob Chapman, The International Forecaster - 27 November, 2011
In Europe each time a new player is presented we find he is a Goldman Sachs’ alumnus. Recent entries are Mario Monti “appointed” PM of Italy, Lucas Papademas “appointed” PM of Greece and Mario Dragahi “appointed” President of the European Central Bank. The banks blatantly control governments and agencies presenting us with an oligarchy, which controls most of the nations on the planet. In America politicians are bought and paid for. In Europe there is a different mind set, a shared worldview of bureaucrats, technocrats, politicians and the elite bankers of world government and domination. Full Story
The purpose of this paper is to highlight how hegemonic American economic doctrine has infected global economics in creating a surreal plutocratic corporatocracy, or in other words, what’s black is white, what’s up is down, what’s safe is risky, you get the idea! Full Story
By: The Gold Report and Clive Maund - 27 November, 2011
The mountains of debt engulfing Western economies is likely to lead to hyperinflation according to Clive Maund, president of clivemaund.com. In this exclusive interview with The Gold Report, Maund details the scenario he sees for collapse. Full Story
Purchases of gold bullion by the central banks of the world will rise from 142 tons last year to 450 tons in 2011, predicts the World Gold Council. However, gold industry experts are still expecting a pull-back in gold prices as global equity markets fall sharply over the next two months as the eurozone crisis comes to a head. Full Story
I have decided to post the weekend premium report to the blog this week. In this report I'm going to take a look at what has transpired and what is likely to come as the third leg down in the secular bear market begins to intensify. Full Story
Thanksgiving week has been an ugly week for the markets, which isn’t anything new since the entire year of 2011 has been a choppy mess. The rally out of the October 4th low got many bulls’ hopes up and calls for a “4th quarter rally” ran rampant on the financial blogosphere and on CNBC. But despite a powerful countertrend rally that may have completed with a top on October 27th, stock markets across the world remain in structural bear markets. From a Stage Analysis perspective, a bear market is a Stage 4 market that is declining below a declining 30-week moving average. Full Story
Gold lost 2.22% this past week in what was a weak one for most things I track. The only thing that rose this past week it seemed were European bond yields, even the US yields were seen rising in one bond auction. Full Story
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