When the metals markets tumbled in mid-April, The Gold Report reached out to "the original investor bug" and author of The Dines Letter, James Dines, for perspective. He predicted a crash in commodity prices two years ago based on his analysis of a weak Chinese economy. Next, he says, will be a bond market bust once interest rates start to climb. Full Story
Investors were shaken by the market's death-defying drop and recovery in a matter of minutes recently. But the "tweet retreat" hasn't changed the reasons why investors need gold companies in their portfolio. Ryan Walker, a mining analyst with Casimir Capital in Toronto, tells investors to look past the headlines to what underpins the market. In this interview with The Gold Report, Walker says that all that cash pumped into the economy at some point has to start driving inflation. Full Story
Right in plain site, the Federal Reserve is doing this to the US money supply. It is a hockey stick with the blade pointing up, but will one day turn into a big, bloated chicken and come home to roost. The Fed’s global counterparts continue apace with inflation as well. Full Story
AS MAY DAY protests go, the US central bank's looked pretty tame on Wednesday. Athens' strikers burnt a giant picture of Angela Merkel dressed as Hitler. Students in Washington threw bags of urine at each other. Protesters in Madrid waved flags shouting that "Austerity ruins & kills", while Turkish police broke up an illegal demo with tear gas and water cannon. Full Story
By: Kevin Brekke, Editor: Metals & Mining Division - 3 May, 2013
The EU continues its chainsaw juggling act. The austerity pledge from France is holding about as well as its Maginot Line, while Greece has sworn to meet its fiscal targets in 2014 2015 2016 soon, and the Italians promise they're going to kick some serious fiscal butt as soon as the country returns from holiday. Full Story
Gold mining is a very tough business. Not only is it highly capital-intensive and chock-full of environmental risks, its revenues are entirely at the mercy of a volatile commodity. It requires some serious mettle to succeed mining gold. Full Story
Investors who were used to collecting checks from 6%+ CDs just a few years ago are scrambling to find alternatives for investment income without taking on unnecessary risk. With the Fed keeping rates down for the foreseeable future, inflation coming back, and the government looking for inventive ways to hold down Social Security increases even more that challenge is greater than ever. Full Story
Sometimes following where money is being invested is a solid course of action to gain alpha; other times, a better opportunity lies in going the opposite direction, i.e., thinking contrarian. Full Story
Like it or not, several crises are impending in the next few months. And it is highly likely certain of these are unavoidable. Fortunately, it is possible to prepare to avoid significant damage from most of these and indeed to profit, as we indicate here. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 3 May, 2013
Income inequality in Canada and the United States is on the rise. Most of the published articles today, as to why income inequality is rising, are dead wrong. Read on to learn the real reason… Full Story
Summing up, the long-term outlook for the USD Index is now bullish, and this could damage the precious metals markets, at least temporarily. The very long-term correlations between the dollar and the precious metals have been pretty non-existent. A medium-term impact will likely be seen however if the USD Index rallies. Full Story
The recent declines in the gold and silver markets have prompted some soul searching among even the more dedicated precious metals investors. A rational investment approach would involve considering the likelihood of various scenarios that could hurt precious metal prices even further. Full Story
Under gold in a free market, the theory of the formation of the rate of interest is straightforward.[1] The rate varies in the narrow range between the floor at the marginal time preference, and the ceiling at the marginal productivity. There is no positive feedback loop that causes it to skyrocket (as it did up until 1981) and subsequently to spiral into the black hole of zero (as it is doing now). It is stable. Full Story
Few investment/finance topics spark as many strong emotions as gold, for its adherents and detractors are equally committed to their views, and equally unlikely to switch camps. Adherents view gold as the only real money in a world of constant currency debasements, while detractors don’t see gold as an investment, as it lacks a yield and price-earnings ratio. Full Story
As we have seen, it can make a significant difference who you regard as a speculator, as well as the types of contracts you take into consideration. These decisions are judgment calls. Often it makes little difference to the overall story whether you look at futures only or futures and options, or whether or not you split out Managed Money. But occasionally it does – and as we saw in April 2013 this can be at times when sharp price moves have already created a confusing picture. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 2 May, 2013
The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 2 May, 2013
The selloff in gold that captured the world's attention in mid-April has revealed some truths about how the market trades and the sentiments of many of the investors who have piled into the trade over the past few years. While the correction does highlight a higher degree of uncertainty than many of the most ardent gold advocates had anticipated, it does not represent the historic "end of an era" reversal that the many in the media have so gleefully suggested. In many ways, the market has shown a resiliency that its detractors do not understand. Full Story
According to the surveys, real people think their personal inflation rate is around 8% per year with a significant percent of the responders claiming 9 – 11% or more per year. Are you going to believe what the government is telling you or your own experience? Full Story
Bull and bear markets don’t just happen – they’re created by the Federal Reserve. While few investors dispute the power that Fed interest rate policy has on the market, the extent to which it influences the direction of stock prices in both directions is often downplayed. Moreover, the health of the economy is often decided by the Fed’s interest rate policy. Full Story
One of the biggest strangleholds on our freedom is the money and banking system we’re forced to endure. I wrote a novel about it in 2008. It’s good, especially for a first novel, but good isn’t good enough. It doesn’t have the broad appeal I wanted. It steps hard on some cherished postulates such as the legitimacy of U.S. entry into World War I. It was supposed to be the war to end all wars, not an expedient to save Morgan’s investments. Full Story
Kevin MacLean, my colleague, and the lead portfolio manager on Sentry Precious Metals Growth fund has been managing investments in the gold space since the 1980s, so he has seen multiple cycle peaks and crashes in gold and gold equities. His message is that he has seen this before---it’s quite common for the sector to look broken at the bottom, and that’s always the best time to buy. Full Story
By: Metals & Minerals Investment Conference - 1 May, 2013
Former Republican presidential candidate and libertarian Dr. Ron Paul is a keynote speaker at the New York Metals & Minerals Investment Conference on May 13, 2013 in New York City. Full Story
By: The Gold Report and Joe Mazumdar - 1 May, 2013
Gold prices are down in the short term, but the commodity metal is here to stay, says geologist Joe Mazumdar. In this interview with The Gold Report, the Canaccord Genuity analyst assesses the current situation and compares the performance potential in the field. Full Story
SO WHAT'S your gold or silver really worth today? Like everything else, it's worth the most that somebody else will pay you for it, right here and now. That's the simple truth, as last month's crash proved all too plainly. Full Story
Summing up, generally this week’s gold charts indicate that the yellow metal’s decline is not over yet. To the contrary, it could take a few more weeks before the rally really starts. There are also some indications that the correction (within the decline) is already over or close to being over. Full Story
Sell in May and don’t go away. Sell and buy gold stocks. We all know gold stocks have been a disaster for weeks and months. The HUI gold bugs index kept falling below support levels until finding support near 260 which we consider to be very strong support and probably the major low. In the nine trading days since the bottom the gold stocks have recovered only slightly and gradually. However, after Tuesday’s reversal, we see plenty of evidence that augurs for a strong recovery in May. Full Story
I hope this essay provides some food for thought. It is not my intention to insult or belittle anyone, but using humor and cold logic, to help people understand an abstract topic with many counterintuitive principles. The ultimate goal is to protect what you have and make some more (in that order). Full Story
By: Manan Somani, Insignia Consultants - 1 May, 2013
My client Mr.Mittal in Pune always tells me that future investing is better than buying physical gold and silver. Mr.Mittal is a long term investor. But he has a question whether one needs to be on the buy side or sell side. For the long term I have been recommending physical investment. Full Story
Miscellaneous other deep dark deceptions have occurred, far too numerous to delineate in complete fashion. A general effect must be cited, since so pervasive and insidious. Gold and USTBonds aint a market. Their so-called official trading arenas are empty rooms with USGovt and USFed devices filling the empty space, creating a phony price. The false Gold price has no real supply. The false Bond price has no real demand. The claimed price is not where Supply meets Demand to clear the table on the market. Therefore the claimed price is not the real price. Neither Gold more the USTBonds are a real market. Witness pure heresy. Full Story
CDs may look safe and attractive but considering most pay a rate that is less than the rate of inflation seniors today risk actually losing money with CDs. We need to be our own money managers now and do the research that’s required. Much of that research is already done and can be purchased through various newsletters. Full Story
Recently, many bullish gold analysts have started questioning their own theory that money printing causes inflation. Commodity prices have fallen, despite accelerated QE. I would argue that money printing does cause inflation, but only if what is printed overwhelms the assets that are destroyed, in global markets. Full Story
I've been pointing out for several months now that the recent rally in the dollar was a mirage, an illusion generated by the yen, euro, pound, and Canadian dollar all dropping into yearly, or intermediate cycle lows together. This selling pressure in the four major currencies that make up the dollar index spawned what looked like a strong dollar. Full Story
Assembled below are fifteen of the best insights and observations on one of the strangest and confusing fifteen day periods in the history of the gold market -- a flash crash, a global rush to purchase and a healthy bounce. Full Story
By: Jeff Clark, Senior Precious Metals Analyst - 30 April, 2013
You've undoubtedly read about the dramatic increase in demand for gold and silver bullion products since the big correction two weeks ago. Supply has gotten tight, premiums are rising, and inventory is hard to come by, especially for certain silver products. Full Story
Year-to-date, the dollar index, a trade weighted index comparing the U.S. dollar to a basket of six major currencies, is up 2.95% as of April 29, 2013. What many are not aware is that this index has not really been updated since it was first created in the early 1970s, giving the euro a 57.6% exposure. The dollar’s downward trend has been slowed in recent years in large part by the turmoil in the Eurozone. Additionally, the New Zealand dollar for example, which is not in the index, is up 3.37% year-to-date. Full Story
The most significant fact about silver, from a charting point of view, is the mega cup pattern formed over a period of more than 30 years.These cup (or cup and handle) patterns are very bullish formations. Full Story
By: The Gold Report and Michael Gray - 29 April, 2013
Market volatility sets the stage for price upswings as well as down, according to Michael Gray, equities analyst of Macquarie Capital Markets, and the recent gold price drop should be seen as a "pause" in the bull market. Management teams are pausing as well, to focus on earnings and shareholder return, rather than growth. In this interview with The Gold Report, Gray says this is the time to buy the best companies you can while they are discounted to fire sale prices. Full Story
Doug, we talked previously about getting assets out of your home country, especially the US, where to take them, and what to do with them. In so doing, you touched on the inevitability of currency controls just ahead, especially for Americans. Can you tell us more about that? Full Story
In this weekend report I would like to answer some questions presented at the forum this weekend. First lets look at silver and see what the charts are telling us especially after last weeks price action. Lets start with a daily look that shows the downtrend channel that began back in October of last year. Full Story
Lies, lies, lies – and propaganda – anything to get the stock market higher and keep the canaries contained. The powerful and plugged-in bankers and bureaucrats are having their way right now, but this will end abruptly at some point when building pressures in the system blow. These characters have us on a collision course with an increasingly unpalatable future the longer they continue jamming the status quo (think financial repression) down our throats. Full Story
Show Highlights: Guest Interviews. Headline news & the Market Weatherman Report. Host answers phone calls and email questions. Guests: Jay Taylor The Buy and Hold Guy Robert Kiyosaki, Rich Dad Poor Dad Full Story
There is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told the threshold of 90% government debt to GDP which must not be crossed, set by Professors Reinhart & Rogoff, is based on an excel spread-sheet error. Lastly, Bill Gross of PIMCO, the largest bond fund in the world, tells us austerity is not working. Full Story
Gold's post-plunge rally of the past 9 trading days has been quite impressive, given what preceded it, but it has not vitiated the implications of the support failure and plunge, and it won’t until either a substantial base pattern forms, or the price breaks back above the strong support that has now become strong resistance. The chance of the latter happening over the short-term is low, and with the price now up within sniffing distance of the resistance, gold is viewed as being at a good point for traders to short it for a retreat back towards the recent lows, at the least. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 29 April, 2013
Observing the recent smash in the paper gold market, our friend S.S. asks whether it may signify that Western government gold reserves, particularly U.S. gold reserves, are a lot larger than reported, or if world gold holdings generally are a lot larger than estimated, so much so that gold price suppression can continue for decades or centuries. He cites the famous story about the supposed hoard of looted Asian gold amassed by Japanese Army Gen. Tomoyuki Yamashita during World War II, a hoard some believe to have been spirited away by the U.S. government and used for secret operations around the world. Full Story
By: John Mauldin, Millennium Wave Advisors - 29 April, 2013
It is a common trope in science fiction novels. Economic transactions are handled seamlessly with a wave of a card or a physically imbedded chip, and whatever the author imagines money to be is transferred, far removed from the archaic confines of ancient physical monies. If you Google "cashless society" you get about 600,000 references in under a second, and 20 pages into the references there are still articles on a future world where physical cash is no longer needed. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 29 April, 2013
For years your secretary/treasurer has been alerting the London Telegraph to documentation of the gold price suppression scheme and begging the newspaper to report it. While the newspaper's brilliant international business editor, Ambrose Evans-Pritchard, has declined to get into the issue, he has acknowledged it from time to time. And another financial writer at the paper, Thomas Pascoe, has gotten into it in detail several times in recent years. Full Story
No one ever looks back with nostalgia on Wall Street’s good old days; for in fact, there never were any “good old days.” The stock market was always the same sleazy carnival game that it is today, a hoop-toss rigged to make the rubes think that winning is easy. Of course, the easier it looks, the harder it is. So it goes for investors sauntering along the global midway. You’d think that with equity shares in their fifth year of the most powerful bull market in history, every Tom, Dick and Harry would be a winner by now. Full Story
All in all we didn’t do much this past week. Things were pretty quiet after two amazing weeks in a row. We’re setting up for another move here shortly and markets are looking toppy here. As for gold and silver they had a nice bounce off lows but as I suggested last week I’d like to see some strength before a final washout and potentially a double bottom. So far we are looking good for this but only time tells the outcome there. Full Story
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