By: The Gold Report and Barry Allan - 4 December, 2009
Gold's recorded a powerful upward sprint this year. The first quarter—historically a tough period for gold—is around the corner. Research Capital's equity team lead and senior mining analyst Barry Allan remains absolutely optimistic about the king of metals' long-term outlook for a variety of reasons. But in the meantime, he says silver will slip into the limelight for what's likely to prove a stellar performance. Full Story
By: Dr. Marc Bustin, Editor, Casey Energy Opportunities - 4 December, 2009
Recently, at the Casey Research Energy Summit – a two-day event showcasing the top minds in the energy industry – a small group of investors became privy to Marc's take on the future of natural gas... his prediction for where prices are heading next year... and some of the companies he believes will profit when natural gas takes off. For an excerpt of Marc's presentation, read on... Full Story
The precious metals market is declining just as I mentioned in the previous essay, but before I proceed with providing you with my thoughts on the current situation, I would like to put this analysis into proper perspective. Full Story
By: Daniel Aaronson and Lee Markowitz - 4 December, 2009
The period of misplaced confidence in the Dollar has come to an end. Central banks are now using their Dollars to buy gold and will continue to use the open market as an alternative to the gold window. The days of the Dollar as a reserve currency are over and a currency crisis is already underway. Full Story
Yesterday a poll was released that only 21% of Americans support giving Helicopter Ben Bernanke a second term as chairman of the US Fed. This compared to 41% thinking that someone else should be given the job. I must say this is quite an improvement. I wonder if Rasmussen would have been able to say 2 years ago that 21% of Americans even knew who Bernanke was? Full Story
The silver markets are rigged. Every day. Every trade. Every option. Every derivative. The silver markets have been rigged since the early 1970’s when Alan Greenspan introduced computer market trading systems to the world beginning the long term commodity market rigging operation. Since that time there has not been a day when the silver markets have been “freely traded”. Nobody, and I mean NOBODY, knows the true “Fair Market Value” of silver! Full Story
The Main Stream Media are whitewashing (and/or distorting or censoring) the increasingly Negative Fundamentals and Technicals for the Economy and Markets. In fact, for example, Real Unemployment today is still at its highest level in decades -- 21.8% per shadowstats.com and is NOT at 10% as Officially reported. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 4 December, 2009
Gold’s performance over the past month has truly been epic. Since late October, it has soared 18.2% higher. Over a 21-trading-day span, no fewer than 16 days achieved closes at new nominal all-time-record highs! Even the perpetual gold disdain from Wall Street and the financial media is fading. Full Story
With the Gold market hitting the point of recognition, and Silver soon to follow, investors should now spend their energy focusing on the companies. In fact, that is why we started a newsletter dedicated to tracking as many of the companies and as frequently as possible. Full Story
By: Sol Palha, Tactical Investor - 4 December, 2009
The Gold bull is far from over, but given that it is now extremely overbought, a pullback in the markets should not come as a surprise. If the pull back turns out to be a strong one, it should be viewed as a buying opportunity. Full Story
The calls grow louder and louder each trading day if one listens to the financial news. And I am starting to realize they may be right. Gold could be in a bubble. In fact, this is why I invested in Gold in the first place years ago. It was because I thought Gold would be the next bubble and would make me a lot of money. Full Story
The gold world has been ablaze for the last few weeks with a sensational story from fifteen years ago that the US government allegedly manufactured/bought some 1.3 to 1.5 million 400 oz, gold-plated, tungsten bars. Some 640,000 of these bars were allegedly stored at Fort Knox, and the balance was sold/shipped to central banks/other parties around the world. Full Story
By: Rick Ackerman, Rick's Picks - 4 December, 2009
Our immediate outlook for gold turned cautious yesterday when the February Comex contract pulled back sharply from within 40 cents of a Hidden Pivot target at 1227.90. The target was reiterated in an analysis that went out Wednesday night. Full Story
By: Jason Hommel, Silver Stock Report - 3 December, 2009
Many people have told me of their frustration at trying to convince their friends and family. I hear you. It's not much easier for me! It took me about 6 months to a year to convince my father to buy his first precious metals. I did it by showing him 4 gold coins, and a gold coin was something he had never seen or held. Full Story
The US and other governments around the world have a major problem: powerful asset deflation has taken hold, and governments lack the power to directly cure asset deflation. However, when it comes to symbolic or fiat currencies, governments do have full power to stop monetary or price deflation at will, so long as they are sufficiently determined. Full Story
By: The Energy Report and Roger Wiegand - 3 December, 2009
Inflation is galloping at a 7% pace and a round of one-off corporate profits waiting in the wings are among the near-term sightings in Trader Tracks editor Roger Wiegand's viewfinder. As the veteran prognosticator tells The Energy Report readers in this exclusive interview, while a short-term surplus in oil and natural gas supplies doesn't appear to bode well for expectations of rising prices, the inflationary outlook outweighs the fundamentals, and inflation alone should drive oil up to as high as $100 a barrel. Full Story
The gold market has become, despite little recognition by the financial press, the battlefield for global control of the financial world. To the winner go the spoils and access to the helm. To the winner goes control of global banking, dominance in commerce, and the advantage in some degree of printing money on a credit card that all nations must finance indirectly. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 3 December, 2009
In recent days, world attention has focused on the potential debt default of Dubai World, the main government-owned corporation in the emirate of Dubai. The transformation of the city-state from a Persian Gulf backwater into the glittering financial capital of the Middle East can only be fully appreciated by those who watched it grow over the last 15 years. But as palm-shaped islands sprouted and spires shot up into the clouds, few spectators realized that Dubai was constructing the perfect metaphor of the 21st century economy: a mirage built on debt. Full Story
By: David Galland, Managing Director, Casey Research - 3 December, 2009
If you’re holding out for an outbreak of capitalism or other signs of fiscal sanity once Republicans regain some modicum of political power, you are delusional. They may package their programs in different-colored paper, but when you rip away the wrappings, you’ll find the same statism and the same promises of a chicken in every pot. Look after yourself – no one else is going to do it for you. Full Story
In a world of paper currencies and paper promises, I can think of many reasons right off the top of my head why the price of gold will continue to go up in the long term, however since this essay's length is limited, I'll just mention 5 of them. In short, while it may feel like a bubble to some, I believe we are just warming up. Full Story
By: Rick Ackerman, Rick's Picks - 3 December, 2009
If America ever escapes from the current economic morass and decides to give capitalism a try, here’s a Wall Street Journal headline that suggests what we’ll be up against: Sharp’s New Plant Reinvents Japan Manufacturing Model. Full Story
A lot of people are getting all worked up about the rising price of gold. Some say the current move has gone "parabolic" and that we're in the midst of a "blow-off top" akin to the early 1980s peak that saw the gold price disappoint investors for years afterward. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 2 December, 2009
The collapse of Bear Stearns, Lehman Brothers, and AIG is already becoming a distant memory, and Dubai’s debt problems only caused a one-day ripple, proving that the QE-drug is the magic potion that heals all wounds. However, one of the side-effects of overdosing on QE is the resurrection of the de-facto Gold standard, usurping the role of the US-dollar in pricing the world’s markets. Full Story
Long-term investors and analysts alike are siding with precious metals, virtually exclaiming that a surge in precious metal prices is in the future. These investors are finding that today's high inflation, excessive government bailouts, and incredibly low interest rates are a perfect mix for higher silver prices. Full Story
By: Bob Chapman, The International Forecaster - 2 December, 2009
This past week was one of utmost turmoil in world markets. In the midst of an American holiday, Dubai faced bankruptcy for some $100 billion. Another unsuspected untoward event. The exposure of the Dubai event coming as it did could have been discovered at any given time, thus, we question the timing. Full Story
By: Andrew Mickey, Q1 Publishing - 2 December, 2009
“U.S financial institutions could take direct hits,” warned a CNN headline after last week’s market rattling announcement from Dubai. Like an eerie reminder of last November, when the only reasonable expectation you could have as the markets closed was that you would wake up to something unexpected, the markets opened up with a renewed sense of fear. Full Story
Gold sailed past the $1,200 mark for the first time this week without much ado. It is the favorite currency of choice as the dollar falls and the stock market rally continues. Yet gold prices move in steps of around $200 and that is what we have just seen: a decisive shift past $1,000 and then a $200 step up in a few months. Full Story
Thanksgiving eve, Dubai World, Dubai’s state-owned development company, rattled the world by releasing a statement that it seeks a moratorium on its debt and interest payments until May 2010. The credit crisis is not last year’s nightmare - it has merely entered a new phase. We look at the implications for the U.S. dollar. Full Story
This is America Mr. Mishkin. It is not Oz and it is not a place where the people have no right to know. America's government - whose Congress works closely with your former institution in financing all manner of debt fueled enterprise - is of the people. And through Dr. Paul's bill, all the people would ask is to know, well after the fact, what the Fed is doing. Full Story
By: The Gold Report and Peter Grandich - 2 December, 2009
Not that there's a link between the two, but as the legendary Peter Grandich celebrates his silver anniversary as a market commentator, he tells The Gold Report in this exclusive interview that having been left behind in the big run-up in gold, silver's time has come to steal the limelight for a while. Full Story
By: Dr. Ron Paul, Peter Morici, and Larry Kudlow - 2 December, 2009
On Monday night, Congressman Paul appeared on CNBC to debate former ITC chief economist Peter Morici over the Federal Reserve's role in the economy and the need for greater transparency at the Fed. Full Story
Does anyone remember how so called Gold experts were recently saying that the move in Gold wasn't meaningful because it was only making new highs in U.S. Dollar terms? Are all those experts currently publishing articles to admit how they were pretty far off base? Since I already know the answer to this question, here's a 1 year price of Gold priced in Euros. Full Story
By: Eric J. Fry, The Daily Reckoning - 1 December, 2009
Ten years ago, everyone on the planet knew gold was a “Sell.” (Incidentally, everyone also knew that JDS Uniphase and Pets.com were “Buys.”) Investors scorned it. Central bankers sold it. Economists eulogized it. Today, gold is hated less…which causes some gold investors to worry that their favorite precious metal has become too popular for its own good. “Is the gold bull market about to hit a wall?” they ask themselves. Full Story
The junk bond etf HYG is a good indicator of the mood of speculators and their confidence in policy makers’ ability to keep the inflation going because the fundamentals of the companies represented here boils down to the fact that money is created out of thin air (inflationary debt creation) and targeted toward keeping enterprises destined to fail, that should fail, alive. Full Story
Interest rates are up again here in Australia as the RBA hikes our prime rate by 0.25% to 3.75%. One bank has already come out with a 0.45% hit on mortgage borrowers of nearly double that figure. The Federal Treasurer stated that the banks have no justification to take this policy course however I beg to differ – truth is they have to rebuild their balance sheets to cover the bad and doubtful loans on their books – some of which are disguised as performing assets. Full Story
My friends from the Daily Reckoning newsletter and Dr. Marc Faber have concluded that the debt problems of Dubai are too small to bring down the global financial system. The Daily Reckoning says this is more of a Bear Stearns than a Lehman moment. For those with short memories, Lehman tipped off the global financial crisis last autumn, Bear Stearns was an earlier warning of what was to come. Full Story
By: Steven Saville, Speculative Investor - 1 December, 2009
According to popular opinion, a benefit of inflation is that it reduces the debt burden by reducing the value of the currency in which the debt must be repaid. An associated belief is that when the Fed and other central banks create money out of nothing they are acting to "inflate away" the debt and are thus performing a useful service on behalf of everyone who owes a lot of money. But as is often the case when it comes to central-bank and government manipulations of money and credit, there's a big difference between the way things are commonly portrayed/perceived and the way they are in reality. Full Story
By: Rick Ackerman, Rick's Picks - 1 December, 2009
U.S. stocks rose yesterday, so it would appear that Dubai’s reported troubles were overblown. Or were they? Initially, stock markets around the world sold off heavily on news that Dubai’s holding company, mega-developer Dubai World, was about to go under owing nearly $60 billion. When the story hit the news wires — unsurprisingly, on Thanksgiving Day — it sent Asian and European markets into a steep dive. Full Story
This year we have witnessed first hand the problem with planned economies and free market manipulation. Tim Geithner, Lawrence Summers and Austan Goolsbee have tried to inflate a contracting economy by using massive manipulation and deception across all markets and have failed miserably. Full Story
If a lawless gang of madmen, gamblers and alcoholics seized control of a large company, how would you expect the business to perform? How would you expect the story to end? What if, instead of a company, they seized control of the world’s largest economy, thus, to some extent, the world financial system? Full Story
The dollar ($) is set to surprise the few remaining speculators that think it can't happen by falling further straight away, possibly taking it down to test all time lows at 71. Here, we are talking about the possibility of a more disorderly decline in the $ developing as a result of gold progressing into a parabolic rise, primarily predicated on year-end hedge fund buying into December. Full Story
By: David Coffin & Eric Coffin - 30 November, 2009
If gold’s price gains are saying anything specific it’s that a strengthening Yuan could be harder on the Dollar than anything else. The broader message is however that the currencies dance winners won’t be known till the music stops. This is creating a market for the yellow metal as a neutral asset against all fiat currencies that we expect would largely be sustained even if the currency pairs roll over and the Dollar sees a gain. Full Story
Mining is a tough business and profits are rarely easy to come by. I learned the concept of the "real" price of Gold from Bob Hoye at Institutional Advisors. This concept ignores the nominal price of Gold (i.e. ignores the currency effect, which is difficult for paperbugs but easy for long term Gold bulls) and focuses on the price of Gold relative to the price of other commodities as a ratio. Full Story
Gold had a wonderful month in November. It was up (almost) 13%, and there were repeated gaps in GLD and many of the individual gold stocks. This speaks of POWER. If you are afraid that gold is too high, let me tell you of an investment (speculative) conference I attended in late 1972. Full Story
By: Bob Chapman, The International Forecaster - 30 November, 2009
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance. Full Story
The ‘gold bugs’ assert that at all times and in all circumstances gold remains money. For some irrational reason the ‘paper bugs’ cling to their increasingly worthless colored coupons asserting their importance as currency. Full Story
Last week gold continued to rise to become super-extremely overbought as measured by short-term oscillators and then ran into heavy turbulence late in the week as the Dubai debt problems surfaced. The purpose of this update is to try to figure whether the action last week marks the start of a significant corrective phase. Full Story
The UAE Central Bank is making fresh liquidity available to its banking system today to meet an expected rush to the door by holders of local equities, bonds and cash by investors worried about Dubai World’s debt moratorium. Full Story
The long-term view of gold is that it broke out of a 19 month long base when it had a weekly close at $1048. Gold is thus expected to have major support between the two red lines at $1033.90 and $978. It would take a weekly close below $970 - which we do not expect - to indicate a failed breakout and possible end to the major bull market in force since the 1999/2001 lows. We expect gold to trade above $1400 by some time in the spring of 2010. Full Story
By: Rick Ackerman, Rick's Picks - 30 November, 2009
Gold’s spectacular swoon on Friday provided fresh evidence that a red-hot bull market is in no imminent danger of cooling off. The initial plunge was orchestrated by bullion bankers and other promiscuous borrowers of gold when some unsettling financial news out of Dubai triggered a misbegotten panic into, of all things, dollars. Full Story
The calm Thanksgiving time never came this past week as markets crashed worldwide on fear the Dubai debt crisis will be the spark that lights the next round of the bear market. Whether that be true, it’s still too early to tell. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 November, 2009
It took a few days for the market to understand the impact of the Indian Reserve Bank’s purchase of 200 tonnes of the I.M.F.’s gold sale of 403.3 tonnes, but eventually the market did respond. Since then, one of several announcements has been made, concerning the balance of 200.3 tonnes still being sold. Full Story
By: Scott Wright, Zeal Intelligence LLC - 29 November, 2009
Gold’s amazing run since September has mainstream analysts, who are normally gold-haters, lauding its virtues. All of a sudden gold is now an integral asset that all investors should own. Why this quick shift of opinion? Full Story
Gold has been moving parabolically in the past few months, but is this the final run up? I seriously doubt it, because the levels that I expect gold and silver to achieve (mentioned in the previous Premium Update) at the end of this bull market are still very far from where we are today. Full Story
By: The Gold Report and Roger Wiegand - 29 November, 2009
Manipulation and money that's been on the sidelines are driving the market, according to TraderTracks editor Roger Wiegand in this exclusive interview with The Gold Report. He see the makings of some "pretty exciting" action in precious metals front, forecasting that gold could go beyond $2,960, and with the next big drop in the stock market, the gold and silver shares could really depart from the rest of the mainstream market, especially with the dollar being so weak. Full Story
Will the Gulf stock markets decide to close and take an extra day for their Eid holiday on Monday? Certainly in the UAE with a closure for National Day on Wednesday it must be tempting to declare a longer holiday and face the music later. Full Story
There are, in my opinion, some extremely strong warning signals being sent out by the markets right now. Every time we delay the inevitable by artificially supporting and bailing out markets, we create the set up for the next round of volatility. Full Story
LOOKING TO buy gold today? Here's a nine-point check-list for secure gold investment presented to this week's Investor's Chronicle Gold Conference, hosted at the London Stock Exchange... Full Story
By: John Mauldin, Millennium Wave Advisors - 29 November, 2009
I admit that of late my writings have had a rather dark tone. There are certainly a number of severe long-term problems that we must deal with, and they're going to serve up a lot of economic pain. But the Thanksgiving weekend with the kids has me in a reflective mood, and one that has only served to underscore my long-term optimism. Full Story
By: Bill Bonner, The Daily Reckoning - 29 November, 2009
There are so many breathtaking things going on around us we practically suffocate. Last week, three-month US Treasury-bills yielded all of 0.015% interest. Some yields were below zero. In effect, investors gave the government money. The government thanked them and promised to give them back less money three months later. How do you explain this strange transaction? Was there a full moon? Full Story
On or about Nov 13, 2009, Huffington Post had an article by Charles Gasparino on “Robert Rubin: The Man at the Nexus of Big Business and Big Government.” This report showed the close ties between Wall Street and Big Government; and how they work together to continuously rip-off the American taxpayers. The story of Robert Rubin detailed this phenomenal link, as clearly ascertainable in the real world. Full Story
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