Probably owing to the dramatic decline in the price of gold and silver, I’ve read scores of year end metal reviews, more than I have ever read previously. Like most of you, I read in order to learn. Therefore, I approach every year end review and outlook with an eye towards understanding just what caused the prices of silver and gold to decline as much as they have and what that portends for the New Year. Full Story
By: Adam Hamilton, Zeal Intelligence - 3 January, 2014
Silver is poised for a massive recovery upleg in 2014, a mean reversion from last year’s dismal action. The main driver of silver’s initial strength will be American futures speculators covering shorts. These bearish bets on silver soared to a bull-record high last month, which will require exceptional buying to unwind. Futures speculators as a herd always bet wrong at major lows, they are a fantastic contrarian indicator. Full Story
Maturing and Nascent Trends and New Developments should increase Social and Economic Turmoil and Greatly Increase Volatility in the Markets in 2014. Result: Mega Moves in Key Markets, the Most Salient of which we outline here. These Mega Moves will create Great Opportunities for Profit for the Nimble and well-informed, and Great Losses for the Purblind or those in Denial of Economic and Financial Realities. Full Story
Following the relentless paper attacks of 2013, we would have bet anything the Cartel would attempt to start 2014 “with a bang.” After all, essentially every MSM outlet spent the New Year’s weekend crowing about gold’s “worst year since 1980” and given the raging economic “recovery” (facetious), how could PMs do anything but meet Goldman’s “slam dunk” target of $1,050/oz? Not to mention, the myriad technicians who assume it to be a fait accompli, for no other reason than “because.” Full Story
Since 2007, the world’s Central Banks have collectively put more than $10 trillion into the financial system since 2008. To put that number into perspective, it’s equal to roughly 15% of global GDP. This kind of money printing is literally unheard of in modern history. And it has set the stage for a roaring wave of inflation to hit the financial system. Indeed, the first signs are already showing up... not in the “official” Government data (which is bogus) but in how those who run businesses around the globe are acting. Full Story
The future price of gold cannot be discussed without considering its implied discount rate expressed through time-preference. This is the relative desire to own goods at an earlier date rather than later. There are several reasons gold is almost certainly more valuable sooner rather than later, including the fact that when someone wants something he naturally wants it now, and there is always the risk that a promise for future delivery will not be kept. Full Story
In early November we turned bearish on the precious metals with the expectation that the sector was about to begin a final plunge that would lead to a V shaped bottom. In our last editorial, we asserted that the bear market was in its final throes. Interestingly, the plunge in precious metals stocks may have ended in early December. Over the past several weeks the gold and silver stocks failed to break lower despite the negative sentiment and the prevalence of tax loss selling. While we aren’t sure if Gold has bottomed, we think odds are strong that the stocks have bottomed. Full Story
The last time housing market sentiment and precious metals prices lined up this way, we were on the cusp of massive volatility and collapse. Housing had reached the end of its long great credit driven rope. At the same time, defaults began to create tremors deep below the house of cards. Silver and gold had recently been pummeled in the same not-for-profit manner that has riddled these markets for more than 40 years in the modern era (and perhaps much longer throughout the history of the monetary metals). Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 2 January, 2014
Evans-Pritchard's report on the study cites "financial repression." He writes: "Financial repression can take many forms, including capital controls, interest rate caps, or the force-feeding of government debt to captive pension funds and insurance companies. Some of these methods are already in use but not yet on the scale seen in the late 1940s and early 1950s as countries resorted to every trick to tackle their war debts." Full Story
If you're like me, you've bought gold due to the money printing policies of most developed countries and the effect those policies will have on the future purchasing power of our paper money. Probably also because there's no viable way for governments to escape the consequences of all the debt they've piled up. Full Story
Seniors and savers may not think that moving assets abroad is within their scope, but it most definitely should be. Dennis sits down with Nick Giambruno, editor of International Man and expert on all things international, to discuss why seniors and savers are the very folks most at risk if they keep all of their wealth in the US. Together, they come up with several easy ways to diversify internationally without having to leave the comfort of your own home. Read on to learn how. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 2 January, 2014
Gold price suppression is U.S. government policy to maintain the dominance of the U.S. dollar in the ongoing international currency war, the president of China's gold mining association, Sun Zhaoxue, told a financial conference in Shanghai last June. Sun's remarks were disclosed today by gold researcher and GATA consultant Koos Jansen, who obtained them from a rough transcription provided by the SINA Financial news service. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 2 January, 2014
Our drunken friends have had some cheap thrills in 2013, but this stock market growth rests on an unstable foundation of artificial stimulus and cheap money. We are more interested in waking up without a hangover, a wrecked car, or worse. The longer interest rates remain suppressed, the crazier markets will behave when rates rise. And if Greenspan's one year at 1% rates helped trigger the crash we saw in '08, imagine what three years and counting of Bernanke's/Yellen's 0% rates portends for the next crash. Full Story
We are all in shock right now! #Panama just put into law legislation which makes Panama Dangerous for all types of companies in Panama. Then in a flash the law was quickly repealed. The law was far reaching and had the Panama business community scrambling to contact their lawyers. The law was buried in legislation signed into law on December 30, 2013 by President Ricardo Martinelli. Law 120 made it a requirement for all companies to pay taxes in Panama on their worldwide income. Full Story
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