The U.S. FED'S status update last month about how it still loves cheap money always and forever was sure to work magic. Even if the pixie-dust did blow straight past output, incomes and capital formation. Full Story
By: Daniel Aaronson and Lee Markowitz - 3 February, 2012
Equities have continued to rise even though the financial problems of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) remain unresolved. Bullish sentiment readings have reached extremes and investors have positioned themselves for a singular, bullish outcome. Full Story
By: Scott Wright, Zeal Intelligence - 3 February, 2012
It only took eleven years, but in 2011 global gold-mine production has finally returned to pre-bull levels. In fact, with 2011’s volume expected to come in at around 88m ounces, we’ll see a new all-time production high. The latest exploration-and-development cycle is finally starting to bear fruit! Full Story
By: The Gold Report and Joe Mazumdar - 3 February, 2012
Economics and politics. Accretion and repletion. Mergers and acquisitions. In this exclusive Gold Report interview, Joe Mazumdar, senior mining analyst with Haywood Securities, talks about why he sees all of these as catalysts for a rebound in the junior gold space in 2012. Full Story
The growth of the Chinese economy over the last two decade is astonishing by any standard. At the current rate of expansion, China would double its economy every 7 to 8 years while most developed economies can only hope to achieve the same feat every 25 to 30 years. China’s rate of growth is unprecedented and it defied many predictions of its eminent demise over the last decade – at least until now. It has led to a belief that its near miraculous growth can continue indefinitely. If it does, the text books on economics will soon be rewritten. Full Story
Summing up, the medium- and long-term outlook for the gold and silver mining stocks is positive, however a correction is likely to be seen soon – perhaps it will start next week. Long-term investors should consider purchasing junior mining stocks, while short-term traders might want to trade the coming correction. Full Story
Each rare earth element has different end uses and applications, and is produced in different quantities - certain rare earths, including Neodymium, are already in a supply deficit, both in China and in the west. Full Story
By: Doug Hornig, Casey Research - 3 February, 2012
Lovers of liberty have seemingly had a good bit to celebrate recently. First, there was an unprecedented outpouring of negative public sentiment about the Congressional bills SOPA (House) and PIPA (Senate); they are legislation that would have thrown a large governmental monkey wrench into the relatively smooth-running cogs of the Internet. Full Story
Ominously, just last December 2011, Ostensible U.S. Ally Japan, and China, agreed to a currency Swap Arrangement. This move further eroded the status of the U.S. Dollar as the World’s Reserve Currency. Full Story
By: Rick Ackerman, Rick's Picks - 3 February, 2012
We’ve been known to keep odd hours, which, depending on the circumstances, can be good or bad when attempting to earn one’s daily bread trading. Sometimes it seems as though the best opportunities — meaning the ones that produce quick and easy gains with relatively little stress – occur in the dead of night. Full Story
Could Greece blow up the US banking system? Well it all depends on what one means by a Greek default as defined by ISDA. Who is ISDA? ISDA stands for the International Swaps and Derivatives Association. What is ISDA? ISDA is a trade organization of market participants for over-the-counter-derivatives. It is headquartered in New York City. In the derivatives business there is a standardized contract known as a “master agreement”. There are more than 800 members in 57 countries. Full Story
The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (pieces of paper or tokens) showing that they have these real assets, whereas, in reality, if everyone was to claim the real goods, there would not be enough to go around. Full Story
Which political party will do a better job at preserving the purchasing power of the U.S. Dollar? A common tenet amongst Treasury Secretaries, irrespective of their political affiliation, has been a claim that the U.S. pursues a strong dollar policy. To find out, let’s look at what type of tax and regulatory policies foster a strong dollar. Full Story
The EU and the United States have implemented fresh sanctions against Iran targeting its oil exports. The tough measures are intended to curtail Iran’s nuclear program that Western nations believe is aimed at making nuclear weapons, while Iran claims that their nuclear program is for peaceful energy generation purposes instead. Full Story
This is a snippet from NFTRH172 focusing on the writer's methods of viewing markets from a visual and psychological perspective. I just want readers to continually think about herds and about what it takes to be able to get contrary these herds at the appropriate times. NFTRH172 then proceeds on to actual intensive analysis of the precious metals sector and the macro market backdrop. Full Story
The New Year rally in global stock markets saw the S&P gain four per cent in its best January since 1994. But 10 and 19 per cent gains respectively for gold and silver comfortably beat equities hands down. Silver rose above $34 an ounce in Asian trading yesterday while gold is above $1,750 again. The bulls are talking about how long it takes to exceed the $48 and $1,923 highs set last year. Full Story
By: Rick Ackerman, Rick's Picks - 2 February, 2012
Natural Gas futures were trading for around 3.58 in November when we projected a possible bear-market low at $2.30. Imagine our excitement when, ten days ago, on January 23, the March futures contract trampolined from within exactly 1.6 cents of our target, shattering the despair and deathly calm of a relentless, multiyear sinking spell that had not seen respite since last spring. The initial leap was enormous, to 2.63, and anyone who bought down around the target would have reaped a $3400 profit per contract on the first day of the move. Full Story
SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies was held on Tuesday, January 31st. The event environment will remain OPEN, accessible for an additional 3-months. Conference presentations are available on-demand and virtual booths in the exhibit hall remain viewable as well. Full Story
I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct. The question caused me to take a closer look at silver. The reason why I have written very little about silver in the past was because the beautiful Elliott Wave (EW) symmetry and predictable relationships visible in gold were not to be found in silver. This article reveals a new EW discovery that proves that EW is alive and well and living in silver. Full Story
Few can define fascism. Many cannot recognize it. History provides shocking stories of its past episodes. But its root structural feature is the tight relationship between the state and large corporations of a nation, which permit enormous fraud and lead to grand inefficiency, even while aggression and war accompany its handiwork in an ugly fabric weave. Nowhere is the bond more scummy and corrupt than with the banking industry, not in general but in Wall Street where defense of the USDollar has come. Full Story
By: The Gold Report and James Turk - 1 February, 2012
GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January. If the year's low is already history and if his projection that gold will hit the $2,000/oz mark within three months is on target, you do the math. "Gold is way too cheap," he tells The Gold Report in this exclusive interview. Full Story
Between 1980 and 2000, the gold price movement was dominated by the blue triangle, whereas a so-called BREAKOUT started already in 1993 when breaking above the upper-most blue triangle leg at approx. $350. For the next 6 years until 2000, the price did a so-called PULLBACK which went all the way to the apex of the blue triangle at approx. $250. Thereafter, the so-called THRUST occurred which is the final movement of a triangular price formation. This thrust to the upside is active ever since as moving healthily along the long-term green upward-channel. Full Story
Perhaps the greatest modern champion of central economic planning was the 20th century English economist John Maynard Keynes. Keynes, who was a political socialist and for a time a central banker, advocated the idea that the government should play a large, active role in the economy. Among the consequences of Keynes’ economic theories, whether intended or unintended, is the fact that Western economies today are characterized by large, central governments, central banks and massive debts. Full Story
By: Bob Chapman, The International Forecaster - 1 February, 2012
On Friday from the Bilderberg conclave at Davos, appointed European Central Bank President, Mario Draghi proclaimed that Europe had averted financial disaster and cited the improvement in euro zone markets in recent weeks. He said it was the ECB’s duty to guard against deflation as well as inflation. The fact of the matter is that he and his friends at the Fed arranged a currency swap of $1 trillion of which the ECB dispersed $660 billion to 523 EU banks, at 1% interest for three years. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 1 February, 2012
Our friend Jonathan Bier in Britain contacted the United Nations a little while ago to ask what became of its Internet site link to the 1981 gold swap treaty between the United States and United Kingdom. Bier says a U.N. representative could not explain the disabling of the link but offered a second link hosting the treaty: Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 1 February, 2012
Apparently within hours of Kirby's reference to the treaty, the link was disabled at the United Nations Internet site. Whether this is more evidence of the gold price suppression schemers trying to cover their tracks or just coincidence or the result of ever-more-intense solar flares, the gold swap treaty has been posted at GATA's Internet site. Full Story
Back in 1969, a Disney cartoonist sat down at his story board and produced a booklet that the Disney organization never saw: The Official Counterfeiter. It was a presentation of fractional reserve banking and the role of the Federal Reserve System. His name was Vic Lockman. As far as I know, he was the first cartoonist ever to do a booklet based on the Austrian theory of the business cycle. He revised the booklet in 1974. It is now back online. Full Story
It's not often that a financial market tells us its intentions in a clear and obvious way. But occasionally it happens. And it just happened last Wednesday. First, to set the stage: gold came into last week off a 17-week correction, with the direction of the next 17 weeks still up in the air. The big correction in 2008 lasted 34 weeks, so gold was at a critical balance point heading into the Fed meeting -- it was either going to move into the next up leg now, or in 17 weeks, in early May. Full Story
Market observers can be forgiven for hedging their bets or keeping quiet this month. The rise in the US stock market is consistent with an economic recovery while the fall in bond yields points to a deep recession. Of course we have the epic manipulation of the Fed to thank for this confusing scenario. It is artificially depressing bond yields to support the stock market, and yet that is not the whole story. Full Story
By: Rick Ackerman, Rick's Picks - 1 February, 2012
Although we’d be thrilled to be able to brag a year from now that a trade we recently advised in Natural Gas futures caught a bear-market low within two cents, we’re not prepared to bet the farm on it. Similarly, a winning gold trade that got stopped out earlier in the week may have caused us to miss a moon shot, but we’re not about to look back. For when all is said and done, we’d rather not be prayerfully holding our breath or losing sleep as gold in particular swoons, leaps, caroms and careens its way higher. Full Story
By: Peter Grant and Michael J. Kosares - 31 January, 2012
Gold had a rather stellar January, posting a 13.9% monthly gain based on the LBMA PM fixings of 1531.00 on 31-Dec-11 and 1744.00 on 31-Jan-12. That's a bigger gain than the yellow metal achieved for the entirety of last year! Full Story
According to Goldman Sachs, gold provided the best returns of all commodities in the past five years when adjusted for volatility and says the rally will continue as options traders signal no change in the metal's relatively low risk. The Bloomberg Riskless Return Ranking shows the Standard & Poor's GSCI Gold Total Return Index produced a 6.5 percent risk- adjusted return in the five years that ended last week, the highest among 24 commodities tracked by S&P, data compiled by Bloomberg show. Silver, the next-best performer, yielded a risk-adjusted gain of 3.1 percent, while a total-return index for all raw materials slipped 0.2 percent. Full Story
Something very unusual recently occurred in financial journalism. If you are from or rely on the mainstream western financial press as your primary means of being informed – you surely wouldn’t have noticed – because this ‘oddity’ involved a real act of investigative journalism by one Lars Schall. Full Story
Technical analysts define the “Golden Cross” as the chart feature that occurs when a security's short-term moving average (such as the 50-day simple moving average) breaks above its long-term moving average (such as the 200-day simple moving average) or resistance level. Full Story
By: David Galland, Casey Research - 31 January, 2012
US politicians make a great show of concerning themselves with the level of unemployment. And so they bluster about the need for this new program or that new program – in fact, about any new idea except for the one that will actually be effective. Namely, stop the meddling. Recently there have been some interesting developments that merely confirm the government's intentions are to continue doing exactly the opposite of what they should be doing. Full Story
If a tree falls in the forest, does it really make a sound if nobody hears it fall? Click here now to view a falling OTC derivatives tree being marked to “it never made a sound” model. In the simplest terms, credit default swaps (CDS) are a financial insurance product used heavily by hedgers and speculators in the government debt arena. A lot of investors thought that a huge deflation would occur when the OTC derivatives written on real estate blew up, but what they didn’t anticipate was that rule changes would be made by the Financial Accounting Services Board (FASB). Full Story
As we predicted, our uranium (URA) and rare earth (REMX) selections are amongst the leaders during this market rebound. Their underlying fundamentals are strong enough on their own to propel this move. In addition, the shorts may be running for cover here. Lastly, the supply demand equation may be taking hold here. Full Story
By: Steve Saville, The Speculative Investor - 31 January, 2012
If the duration of the current secular bear market turns out to be the same as the duration of the preceding one, then the Dow/gold ratio will reach its ultimate low during the first half of 2014. But whenever it occurs, the ultimate low will likely come at the end of an upside blow-off in the gold price. Full Story
Loyal subscribers know I often opine that world markets are in the midst of a secular bull market for commodities, or “stuff”, as my recently passed friend Clyde Harrison was so fond of saying. Despite his traitorous penchant for Coors Light (instead of the classic St. Louis-brewed lagers), Clyde was one of those fellow Missourians who always had to be shown, and we all miss his wry wit, sense of humor, and insight into the speculative commodities markets. Full Story
SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on Tuesday, January 31st. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 January, 2012
Last week, gold broke through heavy overhead resistance, as did silver, to look very positive for the days ahead. Many technical analysts didn’t feel that gold had that kind of momentum but then came the break. It wasn’t a struggling break; it was robust sweeping resistance aside as though it wasn’t even there. Full Story
Ben Bernanke and the Federal Reserve finally did the expected and are providing the fuel to fire up the next leg of this gold bull market. The last few months were choppy and it was an open question as to whether they were going to let the euro fail. But, of course, all central bankers can agree on one thing: continuing to bail out their buddies with freshly created currency units. Full Story
The coming years will be marked by a seismic change in the economic landscape in the US. Firstly and most importantly, we are going to see economic growth slow down dramatically. Jeremy Grantham, an asset manager I respect, believes we’ll see global growth at 2% over the next seven years. Personally I believe it could be even lower than that. Full Story
The biggest problem for investors today in trying to forecast the future price of silver is the enormous amount of contradictory analysis on the Internet. There are bulls, bears, paper traders, physical buyers, technical analysts, hedge funds, commercial banks and silver manufacturers all trying to play a part in this highly volatile silver market. Trying to sift through the huge volumes of silver analysis on the internet can be extremely frustrating. In addition, some of this information is not meant to inform, but rather to confuse or mislead the investor. Full Story
You and I are all in the back seat. Bernanke is in the driver's seat. We have two choices: buckle up or not. If you want to buckle up, you buy some gold bullion coins. If you want to live dangerously, you buy and hold a no-load fund of the S&P 500 and a no-load fund of U.S. Treasury bonds. President Obama is in the passenger seat. He is hoping that Bernanke knows how to drive. He had better pray that the air bag works. Full Story
By: Dr. Ron Paul, U.S. Congressman - 30 January, 2012
The Federal Reserve's interest rate price-setting board, the FOMC, met last week. They will continue to set the federal funds rate at well below 1%, and plan to keep it low until the end of 2014. That's a year and half longer than they planned when they met just last month. Chairman Bernanke says they are keeping interest rates so low for so long because the economic outlook warrants it. Full Story
Currently, conditions are setting up in a similar manner to the Great Depression and the early 70s. We have a significant bottom in the long-term Gold/Oil ratio, we have had a peak of the Dow and the Dow/Gold ratio (in 1999) and we have had a gold rally that started after 1999, and is about to accelerate. We are also at a point where major economic decline can be expected (see my previous video), similar to the decline during the Great Depression. Full Story
By: The Gold Report and Matthew Zylstra - 30 January, 2012
After a tough year in 2011, there is definitely a good selection of underpriced junior resource stocks available for astute investors to focus on before the rest of the herd finally wakes up and smells the gold. In this exclusive interview with The Gold Report, Matthew Zylstra, mining analyst at Northern Securities, reviews the gold, silver and PGM markets and tells us why he believes that better times are ahead for junior miners in 2012. Full Story
The junior sector had a very difficult year in 2011 but has led the recent recovery (at least statistically) in the precious metals sector. Two of our favorite exchange traded funds, GDXJ and ZJG.to are up 30% and 25% respectively. That exceeds GDX (large caps) which has rebounded 15%. These are significant gains but barely put a dent in the low valuations for the sector. Ratio analysis shows us how undervalued the smaller gold stocks are yet an examination of history shows this is not out of the ordinary at this point in a bull market. Full Story
I am speaking of the intermediate term move in paper assets versus hard assets, affectionately referred to as "Gold versus paper" around here. Paperbugs had their moment in the sun these past few months and I hope they enjoyed it. The reversal in fortunes has begun. Full Story
I figured out early in my career that arguing with the market more often than not ends up costing one money. If you are one of those people who are unable to change your mind, this business will almost certainly chew you up and spit you out. Never has that been more true than today. Full Story
By: Rick Ackerman, Rick's Picks - 30 January, 2012
Sometimes it’s impossible to tell whether the financiers and politicians who carry water for the central banks are bad liars or just clueless dolts. A bureaucrat from the U.K. was featured in the Wall Street Journal over the weekend exhaling what seemed to us an ostentatious sigh of relief over the supposed success of the European Central Bank’s latest loan program: “[It provides] a very significant degree of breathing space to banks.” Yeah, sure. 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. GUESTS: Peter Schiff, Euro Pacific Peter Grandich, Grandich Publication Full Story
This Gold Market update is going to be short and to the point for 2 reasons. One is that I am too busy writing up stocks for subscribers to devote much time to the world at large - they are being written up as fast as possible, for reasons that will become obvious as you read on. The other reason is that for the 1st time in many months, the situation is nice and clear, and doesn't require a time wasting diatribe. Full Story
The U.S. Federal Reserve policy announcement on Tuesday, January 25, 2012 marks an important moment in monetary history. The forecast by a majority of the members of the FOMC for interest rates to hug zero until late 2014 was of interest and points to the FOMC conviction extended global economic stagnation at best, reflecting the long wave forces at work in the global economy. However, more importantly, it was the first time that the U.S. Federal Reserve has clarified its interpretation of its mandate for price stability, i.e. the target for inflation. Full Story
The ArabianMoney investment newsletter is a dedicated long-term holder of silver as an asset class, and anybody who has owned silver for three years has doubled their money. What other investment can say that? We think silver investors will do better than that over the next three years. Global money printing and a tight supply position for this precious metal should lead it to outperform gold. Is there any sign of an end to money printing? Hardly. Full Story
By: Bob Chapman, The International Forecaster - 29 January, 2012
We are trying to figure out the best way to describe the banking and oil sanctions against Iran, which are blatant acts of war. Just look back in history at similar situations and you will see what we are referring too. It is simple incompetence or is the allied plan a false flag feint in order to distract attention away from debt problems? Full Story
By: John Mauldin, Millennium Wave Advisors - 29 January, 2012
This week we take a brief pause in our series on the choices facing the developed world to look at some items that are catching my attention. We will get back to the US next week, as somehow I think we will not solve our problems between now and next Friday, and there will be plenty left for us to talk about. So today we look at the “shift” in Fed policy, and at the balance sheets of central banks, US GDP, Portugal and the ECB, the LTRO policy, and yes, there’s even a tidbit on Greece. Plenty of ground to cover, so with no “but first,” let’s get started. Full Story
The electricity needed for any country to successfully replace fossil fuels, both for transportation and everyday use, will have to come from nuclear generation. As the world’s population and standard of living continues to climb, demand for more - and cleaner energy - grows alongside the pressures we continue to put on our environment. Full Story
What a week it was. My head is still spinning. With gold and silver breaking out and following through and now coming into some resistance to the US markets holding up great then looking like they wanted a little consolidation then seeing many leading stocks rush higher later Friday afternoon. Full Story
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