Contrarian investor and free-market thinker Doug Casey doesn’t mince his words. That’s why he is a sought-after speaker at investment conferences – not only for his spot-on investment advice but for his no-holds-barred views of the markets, economy, and politics. In light of the recent events in Wisconsin, here are his musings on labor unions. Full Story
By: The Gold Report and Charles Oliver - 4 March, 2011
Sprott Asset Management Senior Portfolio Manager Charles Oliver says the social unrest in the Middle East could lead to a premium for junior companies operating in North and South America. He's even betting on it, saying, "I believe juniors will give you the best long-term outperformance and alpha." Full Story
With the U.S. government’s ever-increasing stranglehold on Americans’ assets, smart investors are now taking their wealth abroad. Doug Casey tells you how to do it, and why you shouldn’t put it off any longer. Full Story
Summing up, declines in gold and silver stocks were barely visible and have not yet been confirmed. Consequently the outlook remains bullish for gold, silver and precious metals mining stocks. The question is for how long. Full Story
Quite how the Fed's cheap money has got (and will continue to get) into the costs of foodstuffs remains unclear, in short. But that it has pumped up the cost of getting by worldwide is clear, we fear. Call it speculation, hedging, hoarding or profiteering if you like; it won't matter. The rise of commodity and gold prices off the back of ultra-cheap central bank money looks set to continue regardless. Full Story
PSY-OPS Deceptions in the Investment World are much less likely to be effective in the Universe of Real Assets, than in the World of Financial Assets such a “Paper” Stock Securities, where Fed Buying or POMO pumping can create the Illusion of Equities Markets Health and Wealth. Full Story
Many of us who write about the precious metals field have put out their 2011 forecasts and predictions for the New Year. This writer is no exception, but it seemed to me that it might be nice to look at my mission statement and determine if I could compose a simple story that might engage the reader to think about the current dire state of affairs in the economy and how an honest "money" system might help on an individual basis. Full Story
Gold bullion coins are a better store of value then gold numismatics - if social order breaks down and a collector needs to trade one of his collectables he’s going to receive the exact same amount of goods that I would receive using gold bullion. That’s because the transaction will be valued based on gold content and purity, not historical and aesthetic qualities. Full Story
By: Adam Hamilton, Zeal Intelligence - 4 March, 2011
With the general stock markets now due for a selloff while gold hits new nominal all-time highs, precious-metals-stock traders face something of a quandary. How are their stocks likely to perform in the near future? Will they ignore general-stock weakness to rally with gold? Will they get sucked into a stock-market selloff even if gold remains strong? Full Story
Gold is a valuable thing to store. Believe this with the trust of an Indian farmer. Don't pay attention to a self-educated gold promoter who tells you that gold is a store of value or has intrinsic value. Understand the logic of gold before you buy it. The logic of gold is that, fifty years from now, someone will buy that gold with something of value. Ben Bernanke does not believe this. That's another reason to buy gold. Full Story
This is my take on what is happening in the Middle East. I believe that in the beginning this motion was a spontaneous reaction by the people to reject the Rothschild dictators in place. So what happened? The Rothschild masters and their US puppets rushed in to sabotage the motion and hijack it. Full Story
By: Richard Daughty, The Mogambo Guru - 4 March, 2011
It looks like American people are getting tired of government employees making about twice – twice! – as much in wages and benefits as we taxpayers make, and there are movements to strip government-employee unions of their collective-bargaining authority, which only makes sense since there is obviously nobody on the other side (the taxpayer side) of the bargaining table! Full Story
Since my last report the world has witnessed a sea of change in Africa and the Middle East. Financial data out of the US, China and Europe is almost meaningless as traders focus on energy prices. Fear of loss of energy supply is driving metals, interest rates, currency values and general commodity prices. Full Story
As the story goes, someone asked an economist how his wife was doing, and the economist answered "compared to what?" Joking aside, this is one of the most important questions one can ask when dealing with many economic problems. Full Story
Independent investor Chen Lin takes advantage of high metals prices by investing in companies with the financial strength to stay the course until the resource is in production or can be expanded, making the company an attractive takeover target. For metal miners, the sustainability factor is critical because it can take years to get a mine to cash flow-positive status. Chen shares several of his strategies for finding significant returns in this exclusive interview with The Gold Report. Full Story
Concern over the possible spreading of unrest to the Eastern Province of Saudi Arabia, with days of protest now slated for 11th and 20th March dominated discussions at the 3rd Annual Financial Markets Forum held at The Yas Hotel in Abu Dhabi today, with soaring oil prices at the back of everybody’s mind. Full Story
By: Richard Daughty, The Mogambo Guru - 3 March, 2011
It is certainly old news around here that terrifying inflation in prices, thanks to the monstrous inflation in the money supply caused by the Federal Reserve creating So Freaking Much Money (SFMM) for the last few decades, has caused me to venture to that dangerous precipice between being merely weird and obnoxious, to being a raving lunatic screaming from the rooftop “We’re freaking doomed!” Full Story
Expanding on a commentary aired here earlier in the week, my wife Marilyn Ackerman has written below about her own experience in preparing for possible food shortages. The essay contains links for do-it-yourselfers as well as for those who don’t have time to gather the necessary resources themselves. Full Story
Everybody leaves the Beatles, whose strange songs are stuck in the memory of millions of people. "Bang, bang, Maxwell's silver hammer, came down upon her head. Bang, bang, Maxwell's silver hammer, made sure that she was dead." Little did the legendary Beatles realize they were providing the theme song for the linchpin of the USDollar in its lethal slide into the dustbin of fiat currency history. The song might have referred to Blythe Masters herself, the arrogant megalomaniac in wait, the JPMorgan queen of ruin. Full Story
The conclusions of our "2011 Thesis - Beggar-thy-Neighbor" was that the world is on a glide path towards a global Fiat Currency Failure and the emergence of a New World Order. We are unclear whether it is planned or happenstance, but what the regularly conducted abstraction mapping process clearly indicates is that it is presently a high probability outcome. Full Story
One of my best friends recently discovered, to his shock and dismay, that five one-ounce gold coins had been stolen from his home. I feel especially bad because I had encouraged him to buy some physical metal, giving him some tips and pointing him to the better dealers. Full Story
By: Marin Katusa, Casey’s Energy Report - 2 March, 2011
The oil picture is always complex, but right now things are about as complicated as they can get. The unrest in Egypt has settled for the moment, but the future there is not yet clear as the military takes control on promises of free elections. Full Story
Perhaps no more do we hear this common phrase “buy on the dips” than in raging bull markets. Investors who have long sought to price themselves into strong markets have used this phrase to justify their patience. However, truthfully, “buying on the dips” isn’t at all rational. Full Story
By: Michael Pento, Senior Economist at Euro Pacific Capital - 2 March, 2011
It now appears that the United States has finally succeeded in its efforts to destroy confidence in the U.S. dollar. Given the currency's reserve status, its ubiquity in financial markets, and the economic power and political position of the United States, this was no easy task. However, to get the job done Washington chose the right man: Fed Chairman Ben Bernanke. Thanks to Bernanke's herculean efforts, investors across the globe have now been fully weaned from their infantile belief that the U.S. dollar will remain the ultimate safe haven currency. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 2 March, 2011
In the world of precious metals, silver spends a lot of time in the shadow of its big brother gold. Gold, with its high price-to-weight and distinctive yellow tint, has always occupied a special place in the human psyche. To many people across many ages, gold is simply the ultimate form of money - and, as a long-term, stable store of value for one's personal wealth, I agree it's hard to beat. However, rare circumstances are aligning today that I believe will make silver the true champion of this bull run. Full Story
The prices of oil, gold and silver are all presently being pushed higher by the expansion of popular protests throughout the middle east. Despite the confident public statements officials in Washington, Saudi Arabia, and Israel, rest assured that the level of nervousness within those governments are at their highest in decades. In tandem with the elevated discomfort in those administrations, the markets continue to notch higher, with commodities leading the charge. Full Story
By: Bob Chapman, The International Forecaster - 2 March, 2011
Many ask, what will happen when quantitative easing ends? China doesn’t want to accumulate more Treasury and Agency bonds and we find the buying from London and the Cayman Islands questionable at best. We have always suspected that the real buyers in part from those locations were the Fed. Quite frankly we believe that QE2 is much further ahead in issuance than we are told. Remember they actually began adding liquidity last June. Problems as a result of such creation of money and credit have been the leveraged unnatural elevation of the stock market. Full Story
With the bull market in precious metals likely to accelerate in the coming years, folks should turn a great of their attention towards finding the growth stocks of the bull market. We are talking about your Ciscos and Microsofts. These are the stocks one can hold for at least several years. Full Story
A situation is developing the global markets which threatens to undo the recovery of the past two years. The price spikes in fuel and especially agriculture prices is the Achilles’ heel of the recovery and may well serve as its death knell before the year is through. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 2 March, 2011
After 12 years of collecting and publishing government documents confirming or implying the Western central bank gold price suppression scheme, and collecting and publishing the many evasions of central banks and their refusals to answer simple questions about their gold policy, GATA sometimes feels as if it is engaged in a never-ending struggle to prove that the sun rises in the east. Full Story
By: The Energy Report and Rob Chang - 2 March, 2011
Long-term demand growth for uranium is a global story, with China expected to far exceed any other single nation in new nuclear plant construction over the next decade. In this exclusive interview with The Energy Report, Versant Partners Analyst Rob Chang tells us about looking for ideas that investors can play to leverage these growing requirements for uranium fuel. Full Story
By: Richard Daughty, The Mogambo Guru - 2 March, 2011
I thought I had heard all the good arguments to buy silver, mostly from me asking myself two important questions. First, “Why am I not buying silver when it is so obviously going to go much, much higher in price because of the absurd Federal Reserve insanely creating so much money, which causes inflation, which always makes the prices of precious metals soar?” Full Story
Yesterday’s newsworthy satisfactions were marred only by the passage of a spending bill that unfortunately will allow the U.S. Government to avoid shutting down. This not-unexpected disappointment aside, all seemed right with the world: stocks got bitch-slapped for a change, bullion prices screamed, Charlie Sheen and Col. Qadaffy appeared headed for well-deserved oblivion (even if there will be no Kadhafy reruns), and winter temperatures here in Boulder, Colorado, hovered near the mid-60s. Full Story
By: Julian Phillips & Peter Spina, for the Gold & Silver Forecaster - 1 March, 2011
We noted that once the trading range between $1,320 and $1,380 broke through resistance at $1,380 it could move much higher in the coming weeks, months. We were going to alert you, but felt we should hang back and await confirmation that the high-risk area was passed and that we had confirmation that a strong move up was coming ($1,430+). We have now had that confirmation and can confirm to you our subscribers that a large move upward is soon to occur. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 March, 2011
Just take a look at the chart of the U.S. dollar Index and you see a frightening sight. If it sinks any further its support will have evaporated. We have watched all this week the gold price rise and look good in the dollar. But in the euro it has barely moved. Against the Swiss Franc the dollar looks so weak. With the Technical picture looking so poor, one turns to the fundamentals to see if they conflict or support a downturn for the dollar. Full Story
Summing up, the general stock market is verifying a breakout above previous highs and the same situation is also seen for silver. We mentioned the possibility of small consolidation periods in the precious metals markets our recent commentary, so seeing this now leads to us to refrain from any serious bearish sentiment. Conversely, the situation remains bullish. Full Story
We have enough of a sideways chop at the top of the channel to fuel a supersurge to new all-time gold highs, today! Remember that Friday is jobs report day. Remember that the banksters want to be the ones holding your gold at high noon on Friday after terrifying you out of it, between today and high noon Friday. Buy any and all weakness between now and then, regardless of any bear analysis you read, so you are standing with your Golden Gun in hand at high noon on Friday, as the market victor! Full Story
The market action since March 2009 is a bear market counter rally that is presently nearing a final end in a classic ending diagonal pattern. The Bear Market which started in 2000 will resume in full force by late spring of 2011. We presently have the early beginnings of a 'rolling top'. We are seeing broad based weakening analytics and cascading warning signals. This behavior is typically seen near major tops. This is all part of a final topping formation and a long term right shoulder technical construction pattern. Full Story
The production base of the emerging Australian gold stocks has been growing significantly of late. So have some of the share prices. Australia now boasts a number of new producers successfully ramping up their operations here and abroad, in the process posting strong capital growth for investors. Having covered this sector since early 2006 and been invested since 2001 I have been able to watch this sector more closely than most. Mines take years to bring through discovery, development, commissioning, ramp up and finally to full production. Therefore the response to higher metal prices is delayed considerably. Full Story
From earthquakes in New Zealand to revolutions in the Middle East, natural and man-made disasters are rocking the world. We are all too often made to believe that in times of crisis there’s a flight to the U.S. dollar. However, the U.S. dollar has instead had a rocky ride of its own thus allowing the crisis-ridden Eurozone to shine. What’s going on? Is there no crisis, or has the U.S. dollar lost its appeal as a safe haven? Full Story
Some financial commentators have picked up on the fact that the dollar has failed to get a safe haven bid so far during the turmoil in the Middle East. This isn’t normal, especially considering the problems one of the main alternatives to the dollar, the Euro, has had over the past year or so. The dollar was the recipient of two separate flights to safety over the last 3 years, one during the financial crisis in 2008, and one during the Euro crisis in 2010. But since peaking in 2010 the dollar has steadily trended lower, even during the current crisis in the Middle East. Full Story
By: Steve Saville, The Speculative Investor - 1 March, 2011
Gold hit its intra-day correction low prior to the start of US trading on Friday 28th January, and then reversed upward. As we explained at the time, although Egypt's revolution was the catalyst for this directional change the gold market was primed for a reversal prior to this event. We noted, for example, that evidence in the form of the Commitments of Traders (COT) data and the Market Vane survey indicated that sentiment in the gold market prior to the 28th January reversal was roughly the same as it had been in mid July of 2010 -- just prior to the start of a relentless 2.5-month advance that resulted in a $200/oz addition to the gold price. Full Story
By: Jason Hommel, Silver Stock Report - 1 March, 2011
The silver storm is coming. Prepare. People ask some interesting questions when I point out that silver is headed to $500. They ask, "Gee, who will buy it when it's that expensive?" Did they not comprehend the argument? Only 1% of people will be buying silver when silver is $500/oz., (a hundred times more than today, when only 1% of 1% of people are buying silver) but yet, 99% of people won't have bought any silver in the recent year, at $500/oz. Full Story
By: Richard Daughty, The Mogambo Guru - 1 March, 2011
I know that Something Very Bad (SVB) is going to happen when I find that I am using a lot of acronyms in my already acronym-filled Stupid Mogambo Writing Style (SMWS). So, we are all asking, “What will happen (WWH)?” Well, I am sure that I Don’t Know What (IDKW). But Something (BS). Something Very Bad (SVB). Or worse (OW). And it is not made any better when Junior Mogambo Ranger (JMR) Terry L., probably aware of this bizarre Fascination With Acronyms (FWA), sent me a couple of new ones, which are, at once, both witty and profound. Full Story
The stock market is overbought like never before and speculators are already looking for targets to buy the dip, which means whenever this thing does top, it should be profound. Does this mean stocks will go straight down when they finally top. Answer: No, this is not implied at all. It does mean that a process would have begun associated with the four-year cycle that will likely run its course however; suggestive stocks would be looking for a bottom sometime closer to the end of next year – in the neighborhood of the much-anticipated end of days targeted for December of 2012. Full Story
By: John Browne, Senior Market Strategist at Euro Pacific Capital - 28 February, 2011
Earlier this month, J.P. Morgan made an important announcement that received scant coverage in the media: the bank would now accept gold as collateral for loans. The move appears to have been well-timed, for in the ensuing weeks, the price of gold and silver climbed steeply, based largely on political turmoil in the Middle East. But why should Morgan's decision be of interest to anyone outside the bank? Full Story
By: Daniel Aaronson and Lee Markowitz - 28 February, 2011
Last year, we highlighted a historic surge in municipal bond fund inflows that we speculated would end badly (see: http://www.continentalca.com/home/March-12-2010). The charts below show that the record inflows during 2009 have given way to record outflows in recent months. In fact, outflows in December 2010 and January 2011 rival the largest annual outflows in any of the last 10 years. The recent outflows come at a time when state and local government financial imbalances are widely publicized, yet the record inflows occurred at a time when their financial conditions were just as stressed. Full Story
The gold bull is now on the verge of launching the most spectacular up leg of this 10 year bull market. This spring we should see the final parabolic rally of the massive C-wave advance that began in April `09 with a test of the 1980 high at $860. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 28 February, 2011
The decade from 2000 to 2010 is now forever behind us. So what is in store for the new decade? 2010 to 2020? The last decade was a good time to prepare and recognize that severe chaos was on the way. And that chaos is like a boiler slowly building up pressure. Full Story
By: Rick Ackerman, Rick's Picks - 28 February, 2011
As if the news from Wisconsin and Tripoli weren’t worrisome enough, someone posted a link in the Rick’s Picks forum over the weekend warning of looming food shortages: “Food Supply and Affordability Are Seriously Threatened.” The blogger associated with this riveting essay on preparedness, one Kellene Bishop, alluded to a perfect storm of factors likely to be felt as early as April. Full Story
Looking at the long term P&F chart we still have not negated that previous bear signal although as mentioned at the time, the bear needed a move to the $1305 level for confirmation, which it did not do before the rally. The two P&F levels to watch would be the previous $1305 level for the bear confirmation or the $1440 level for the bull continuation confirmation. The two levels are some distant apart but that’s the long term for you. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. 2nd hour: James Turk, GoldMoney.com Richard Daughty, The Mogambo Guru Report Full Story
Gold broke out above its Dome boundary last week, which was not what we were expecting. Fundamentally this action was due to fears relating to the worsening situation in Libya, and while this breakout is a bullish development, it has not as yet led to a breakout to new highs, and the bearish overall behaviour of PM stocks last week means that it could have been a fakeout. Full Story
By: John Mauldin, Millennium Wave Advisors - 27 February, 2011
Just when I’ve begun saying it’s safe to get back in the water, we get some shark sightings. They are a still a long ways off, but we need to keep our eyes on the deep waters and stay close to shore. This week we will look at a variety of data points and see what conclusions we can come to. Full Story
By: Bob Chapman, The International Forecaster - 27 February, 2011
The world is awash in dollars and that is being reflected in the USDX, which are six major currencies versus the dollar. The loss of value is being loudly trumpeted as the IMF says a replacement must be found. This is the same IMF that has been foisting non-gold backed SDRs on us since 1969. Every time they have tried this it has been a failure. We can give the Illuminists an ‘A’ for effort, but what they do not get is that the professionals and investors see right through it. Full Story
Ever since I started buying gold in 2003, people have been concocting stories about why it’s a bad investment and why every pullback is indicative of the top. None of these stories has had much merit, but they all need to at least be explored. The latest thesis goes something like this: gold is a bubble driven by investment demand. Jewelry demand is in free-fall and when investment demand eventually reverses, it will crush the price of gold. Full Story
Evidence is mounting that the pricing mechanism of global markets creates spontaneous order out of the chaos of billions of people pursuing their self-interested purpose. Arriving at a price for products, services and financial assets is the heart of this process. There are successes and failures in every round of pricing, which are priced into the next cycle of human action in global markets. Full Story
By: David Coffin & Eric Coffin, HRA Advisories - 27 February, 2011
Events in Arabia have been sending flutters through the market. Egypt, by far the largest Arab state, has shifted into a virtuous economic growth cycle confirming it as an important emerging market regional centre. That said, it continues to have a high population growth and economic expansion has to be high to maintain current wealth levels. Full Story
Maybe you have heard about rising food prices. It is happening all over the world. We hear of Third World rural populations that are trapped by rising food prices. Why are food prices rising? Simple: because urban people in formerly Third World nations are getting richer. India and China are the obvious examples. As these economies are freed from the regulations that once burdened them, the growing urban middle class bids up the price of food. Full Story
By: Richard Daughty, The Mogambo Guru - 27 February, 2011
Someone named Denis wrote to Mish Shedlock of globaleconomicanalysis.blogspot.com and asked, “I read many times on your blog how bubbles created by the Fed led to the overpricing of assets such as real estate and stocks. Someone paid those overpriced valuations.” Full Story
Markets were weak this past week and not just for a day or two. Us markets have violated key levels, but are bouncing for now. Only time and technical analysis will tell if we are going to head lower in a more protracted correction, or if we continue higher right away to the target over 1,400 I talked about late in 2010 when we broke out of the cup and handle pattern. Full Story
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