By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 March, 2010
The piece we wrote on gold de-coupling from the $:€ exchange rate proved absolutely correct. The action of the last week has shown that as gold rose strongly in the € in the pound and is moving up in the $ alongside most currencies. More than that, market commentators are now mentioning this too. But this action involves far more than these two main currencies. Full Story
Doug: Lobo, there's a Greek fire burning in the Eurozone, and people should take immediate action, or they're going to get burned. L: I gather you've seen the headlines about the EU moving towards bailing Greece out of its financial difficulties and don't think much of the idea. Let's talk. Full Story
By: The Gold Report and James West - 5 March, 2010
Midas Letter publisher James West believes gold is the store of value everybody resorts to when times are rough. In this exclusive interview with The Gold Report, he acknowledges that producers represent a very well-performing, blue-chip investment, but also looks for those juniors where capital appreciation happens on the scale of hundreds of a percent almost overnight. Full Story
Today (Friday the 5th) has a meaningful feel. The news is good on U.S. employment and Greek finances, and the markets are in recovery mode: stocks are up, gold is rocking, and bonds are getting smacked. Inflationary days are here again, in other words. But — while uncontrolled currency creation will absolutely without a doubt get us there eventually — today’s action is probably a head fake. Full Story
By: Daniel Aaronson and Lee Markowitz - 5 March, 2010
The valuation and stability of all financial markets have been enhanced by the universal belief that US government bonds represent a risk-free interest rate. However, the notion that a bond can be risk-free is misguided. The recently heightened public awareness of sovereign risk and the potential for sovereign defaults in the future (Figure 1) ultimately will force investors to recognize that the use of a risk-free interest rate to value financial assets is flawed. Full Story
In our previous essays we have covered the situation on the USD, gold and silver markets, but since there's more to the precious metals sector than just these two metals, we have decided to supplement the previous analysis by covering the precious metals stocks. Full Story
In a recent conversation with a fellow gold analyst, he was emphatic that the price one pays for physical gold should be ignored. “What’s far more important,” he insisted, “is how many ounces I own in relation to the total value of my assets.” Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 5 March, 2010
After spending our entire lives in a dollar-dominated world, we Americans naturally view gold through a dollar-centric lens. We assume the gold charts we’re seeing are universal. But this isn’t the case, as investors around the globe view gold in their own local currencies. Recent developments in euro gold highlight the importance of keeping this truth in mind. Full Story
Isn’t the Regulatory ‘Reform’ legislation generated in Congress just dandy!?! It appears the private for-profit Fed may now be given even more power to “protect” Consumers, yet Congress has so watered down the ‘Audit the Fed’ bill that no meaningful audit will be performed. Full Story
The truth is that the financial markets are driven by two powerful emotions – greed and fear. Essentially, during periods when the market participants are feeling cheerful and optimistic, they end up paying exorbitant prices for mediocre businesses. On other occasions, when investors are feeling pessimistic about the near-term economic prospects, they price wonderful businesses at absurdly low valuations. Full Story
Penny mining shares are poised for incredible gains in the next 12 – 18 months. But before we discuss the details we believe it is necessary to lay a foundation with a brief discussion of the U.S. Dollar and gold. Full Story
When the tech bubble burst in 2000, Greenspan tried to “fix” the problem by cutting rates and printing money. Fix the problem he did … well sort of! What Greenspan did was create two new bubbles in the credit and real estate markets to replace the tech bubble that had burst. Full Story
By: The Energy Report and Marin Katusa - 5 March, 2010
"In this game," according to Marin Katusa, senior editor of Casey's Energy Report, "you only get profits when you sell." The zero-capital investing philosophy he advocates wins the hearts and lines the pockets of investors. At the same time, though, it often puts him in the doghouse with some the companies and people he admires most. Full Story
Every time an investment outperforms much of the market, the entirety of the financial services community reaches in to offer their two cents. We saw this in real estate, the bull run in commodities throughout the early 2000s, and in many high performing investment sectors before these booms. Full Story
The Rothschild Cabal controls (effectively owns) the US, UK, EU, Canada, Australia and New Zealand. Its currency to control all or most of the world has been the dollar since WWI; before then, it was the British pound. At the present time, the Cabal seems to be trying to save the dollar in order to keep using it for exploitation, profits, gain and control around the world. Yet, when the dollar finally ends in the trash can, the Cabal will assuredly shift its currency of global power to the EURO (this eventuality seems certain). Full Story
By: Richard Daughty, The Mogambo Guru - 5 March, 2010
Okay, I will admit that we had a little accidental gunfire around here recently, but nobody was hurt, and all that really happened is that I wasted a lot of very expensive ammunition and scared the hell out of a lot of people, including myself, a commotion which instantly activated my Amazing Mogambo Reflexes (AMR), making me drop the delicious Hostess Cupcake that I was noisily eating and take cover on the floor, falling, as I did, on top of the aforesaid cupcake, smashing it all over myself, and all over the floor, which made it taste terrible after that. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 4 March, 2010
The bad news for Greece is that despite some help from abroad, and some attempts at internal reform, investors are still leery of the troubled state. The good news, if you can call it that, is that they will soon have company in the penalty box. Full Story
The dollar has rallied very strongly easily taking out the lower end of the targets we projected several months ago. It almost closed above 81 on a monthly basis. Had it done this, it would have made the outlook even more bullish. The dollar has gone on to put in series of new 9 month highs and thus by contrast one would have expected Gold and the other precious metals to do the opposite. However, this has not taken place. Full Story
Ever imagine getting your tie caught in a mechanical set of gears (sorry ladies - but I will spare you). The results are nasty! Now you know what the Sultans of Swap in the $695 Trillion global OTC derivatives market feel like. Every day the slow moving gears of the world economies relentlessly grind, making it harder and harder for the Sultans to wiggle loose or breath. Full Story
By: Bill Bonner, The Daily Reckoning - 4 March, 2010
Since the feds can’t grow their way out of debt…they’ll have to try to inflate their way out. Trouble is, first…central bankers don’t have that good a grasp of inflation. They can control the amount of money in the monetary base at the Fed. But they don’t really control what happens to it next. Full Story
No longer favoring the US dollar, the Chinese government increased its holdings of gold from 600 tonnes in 2003 to 1,054 tonnes in 2009. This month, rumors began circulating that the Chinese government may indeed purchase from the IMF 191.3 tonnes of gold. Full Story
By: David Coffin & Eric Coffin, HRA Advisories - 4 March, 2010
A sign of the times is seen in the deal the CME Group (CME-N), umbrella for the Chicago and NYMEX commodity bourses, is buying 90% of the Dow Jones index system from News Corporation (NWS-Q). The traditional newspaper business is having a tough go competing with the internet, which prompts the sale. Full Story
Since March of 2001, the stock market has been and continues to be in a secular bear market. Beginning in March 2009, stocks have been in a cyclical bull market. This means our current stock market is in a relatively short term bull rally within a much longer term secular bear market decline. Full Story
Each year ArabianMoney attends the annual Hedge Funds World conference in Dubai and this event gives an excellent snapshot of the industry and what the super-bright hedge fund managers are thinking about the best investment classes of the moment. Full Story
I think gold is at an important place in terms of time. Price momentum has an upside bias. Daily news stories have a bullish tone to them for gold. I expect to see support against the 18-Period of Moving Average of Closing prices in both the Weekly and Daily Charts. Full Story
By: The Gold Report and Brien Lundin - 4 March, 2010
The gold rally that began last fall and drove gold through the $1,200 resistance level in late November doesn't seem to be panning out the way the rallies of 2005 and 2007 did. In this exclusive Gold Report interview, Gold Newsletter editor and publisher Brien Lundin admits he's a bit worried about this run's breakout. Full Story
Since fundamentals are one thing, and the short-term situation is quite a different thing (people, and thus markets that they create tend to act emotionally in the short-term), we decided to also provide you with the analysis of USD charts (courtesy of http://stockcharts.com.) Let's begin with the long-term chart. Full Story
By: Richard Daughty, The Mogambo Guru - 4 March, 2010
Adrian Douglas of MarketForceAnalysis.com took a look at a summary of the goings-on at the Comex, and says, “the data reveals a very shocking trend. That is that the registered (dealer) inventory is being drawn down at a phenomenal rate. In silver the inventory has dropped by 24% in 6 months while in gold it has dropped an eye-popping 41% in 6 months!” Full Story
With the Mother of All Bear Rallies about to enter its second year and the banking business going like gangbusters, one could lose sight of the fact that quite a few American cities, counties and states are facing the most dire economic circumstances since the Great Depression. San Francisco became the latest casualty of hard times when it put more than 15,000 of its 26,000 workers on notice that they will be laid off at the end of this week. Full Story
By: Andrey Dashkov, Casey’s International Speculator - 3 March, 2010
For many investors, Colombia remains a grey spot on their mental maps of South America. La Violencia, the 50-year dark age in its recent past, came to an end with the close of the 20th century. But the memories are fresh, and the impact on the local economy and international perceptions of the country lingers. This reputation still prevents most foreigners from investigating Colombia’s potential – and that spells opportunity. Full Story
By: Bob Chapman, The International Forecaster - 3 March, 2010
We are not going to go into the lured details regarding residential and commercial real estate, but we are going to give you some highlights. We began telling subscribers to sell real estate in June of 2005, long before anyone else. We picked the top just as we did in September 1988 at the top. Full Story
The ability to wage war on credit gave the West an insurmountable advantage over the East. The West’s credit, however, has now turned to debt and the West has lost its advantage. But the return to parity will not be easy. Full Story
On February 10, Ben Bernanke testified to the House Financial Services Committee. The topic: "Federal Reserve's exit strategy." His printed testimony contained the familiar promises. The Federal Reserve System will unwind when the economy recovers. Full Story
The question now remains whether gold is stuck in a D-wave decline or whether the action since December has just been a very tricky midpoint consolidation before the C-wave finishes its run. Full Story
"Qu'ils mangent de la brioche" or "Let them eat cake" has become a phrase used to denote the obliviousness and selfishness of the ruling establishment. Well, with a slight twist it's apropos in the case of paper debt-backed paper currency regimes under stress. Full Story
The following Quiz will test your knowledge of Gold Market Manipulation. It is meant to pull the curtain back on what REALLY is happening in the gold markets. Answers and the back-up documentation can be found on the link at the end of the quiz. Full Story
By: Richard Daughty, The Mogambo Guru - 3 March, 2010
I am a guy who thinks that such huge explosions in money supplies around the world and the explosions in government deficit-spending around the world will lead to catastrophic explosions in inflation in prices, probably around the world. Full Story
By: Julian Phillips & Peter Spina, for the Gold & Silver Forecaster - 2 March, 2010
The fall in the gold price from $1,215 has been $-rally driven. With the Eurozone wallowing in debt on its South side the relationship with the $ and gold has broken down. Long-term large investors are sitting on the sidelines clearly waiting for the right entry point. This body of large institutional buyers is now found in Europe as well as the East. U.S. based gold Exchange Traded Funds should follow once the rise in the gold price has started, not before. Full Story
Ryan is a representative who appears to take his job – overseeing the federal budget – seriously. In 2008, he introduced legislation called “A Roadmap for America’s Future.” It died, so he’s reintroducing it this year. It won’t pass, unless the Democrats somehow manage to lose control of the House. It’s just too simple. Full Story
When Greece invented the Olympic Games in 776 BC, the top prize was an olive wreath, not gold. And in those days, Greece sought out the top runners, rather than compete for a discipline not approved by the International Olympic Committee (IOC): governmental financial engineering. Full Story
Precious metal exchange traded fund investors are showing a preference for silver over gold lately or at least we are seeing more buying than selling pressure in the silver ETFs while gold ETF money flow is flat and has been for a year. Full Story
When one goes to buy gold they want real gold, not some cheap substitute like a fake tungsten gold bar. There has been a lot of rumor, neither credible nor verifiable sources, about bars containing both gold, the Ancient Metal of Kings and tungsten, the ‘heavy stone’. Full Story
By: Steven Saville, Speculative Investor - 2 March, 2010
It is said that the cure for high commodity prices is...high commodity prices, the reason being that a high price encourages more production and thus eventually brings about a price decline. However, gold's 10-year (and counting) bull market has not yet prompted an increase in the gold-mining industry's output. Full Story
By: The Gold Report and Eric Coffin - 2 March, 2010
"Gold has been about the best investment around for the past decade," says Eric Coffin, despite having been lukewarm towards the precious metal in the early '90s. Co-editor along with his brother David of the HRA (Hard Rock Analyst) publications, Eric explains why they're sticking with the exploration stories that work and how they prefer mining executives who will "swing for the fence for themselves rather than just option everything" in this exclusive interview with The Gold Report. Full Story
By: Rick Ackerman and Mario Cavolo - 2 March, 2010
We occasionally feature here the thoughts of Mario Cavolo, a speaker, writer and media personality who has lived in China for more than a decade. Mario is much more bullish on the big picture than we are, doubting as he does that capitalism and the global economy face a catastrophic collapse. Instead, he sees the world muddling through its current crises, but within a long-term upward trajectory that will continue to shape a bullish future. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 1 March, 2010
It is astounding how many economists, government officials, and Wall Street strategists construe the current economic conditions as evidence of a bona fide recovery. It is a testament to the power of the rose colored glasses handed out by our nation's leading universities that such a feeling could be widely held despite the clear and present danger that compounds daily. The myopia leads us to enact policies that actually exacerbate our problems. The "remedies" are postponing, perhaps indefinitely, a true recovery. Full Story
Just one false move on the part of our price managing bureaucracy and it’s all over – all over but the crying. Of course according to the Governor of New York it’s already over, where by the looks of things beneficiaries of the bureaucracy will be crying soon enough. Full Story
By: Dr. Ron Paul, U.S. Congressman - 1 March, 2010
Last week I had the opportunity to bring up spending and transparency in two important hearings. On Wednesday I questioned Federal Reserve Chairman Ben Bernanke on some highly questionable uses of funds at the Federal Reserve, and on Thursday I asked Secretary of State Hillary Clinton about exorbitant spending at the State Department. Full Story
In his weekly letter, John Mauldin concluded that we have not experienced hyperinflation (despite massive Fed “printing”) due to the fact that the money multiplier has fallen and fallen below 1.0. This means that for each additional $1 added to the monetary base, the money supply is changing by less than $1. In other words, banks are not lending and so the velocity of money is declining. Full Story
Part of the explanation for the Dec.-Jan. decline in gold is the attack on the euro which is now going on in the media. Indeed, the euro topped out very close to the exact day of the top in gold. The market is thinking: decline in euro = rise in dollar = decline in gold. Full Story
We called it right again at GoldOz at the beginning of February when we called the XGD “Oversold” and it has since reversed and rallied. Gold made its low a few days later too. At the time many analysts were calling for a general market collapse and they have been wrong so far. We had stepped aside warning Gold Members with support levels and charts as this the local gold stock index weakened. This happened unexpectedly at first however we reacted quickly. Full Story
In a world gone mad with paper debt ticket orgies, maintaining the purchasing power of one's savings is difficult. The more debt-based currency entries that are created, the more each existing currency entry is diluted. The lag time and unevenness of the price distortions created by such a bizarre out-of-control monetary system hold the system together, as the sheeple, in aggregate, can't put two and two together. Everyone thought real estate was a great store of wealth a few years ago. Now, not so much. Full Story
By: Bob Chapman, The International Forecaster - 28 February, 2010
The Brotherhood of Darkness is in full retreat due to exposure of their evil machinations via the Internet and via alternative radio, television and shortwave broadcasts. They are rushing headlong to destruction, making mistakes as they accelerate their plans to implement world government. Within the next six months, the gold and silver cartels will be broken as physical demand overwhelms physical supply, and as the COMEX, LME, GLD, SLV and various private mints, and their multi-level scams in paper certificates, shares, OTC derivatives and futures contracts are exposed and shown to be almost totally naked. Full Story
By: John Mauldin, Millennium Wave Advisors - 28 February, 2010
The economy grew in the fourth quarter by 5.9%, the most in years. The adjusted monetary base is exploding. Bank reserves are literally through the roof. The Fed is flooding money into the system in an effort to get banks to lend. An historically normal response by banks (to increase lending) would have been massively inflationary, causing the Fed to stomp on the brakes. Full Story
Looking for repetitive patterns, or fractals, in markets is something I enjoy. I know I need another hobby, but knowing what's happened in the past and what is possible based on historical precedents can help one to make speculative decisions and anticipate future movements. Sometimes it works, sometimes it doesn't... Full Story
In response to Why Would Anyone Buy a Spanish Bond?, reader RAID 3000 pointed out that the U.S. has far more serious problems than Europe (no argument there!) and included a link to LEAP2020, a European site doing great work on this subject. Full Story
By: Richard Daughty, The Mogambo Guru - 28 February, 2010
I knew that something was amiss when I woke up and the house was quiet. Having the benefit of seeing a lot of movies where things were “too quiet”, I instantly knew that things being “too quiet!” meant that Indians were going to be attacking, or the Japanese attacking, or the Germans attacking, sometimes government goons rushing the place, or zombies, or the police. I dunno who, but you get the point. Full Story
The big dilemma this week is the possibility of Chinese buying the remaining 191.3 tonnes of IMF gold, or not. A Russian website says China has confirmed their intention to buy the IMF gold. In late though is the revelation that the reporter who wrote the story had no sources. Full Story
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