By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 January, 2010
We have absolutely no doubt that the gold price has been and may well be, being either suppressed or managed. Just look at the record of gold sales in the 70’s, 80’s 90’s and in this century so far. Gold was sold during these periods, first by the United States. It was done to discredit gold as money and to support the U.S. $ as the prime global reserve currency. Full Story
By: The Gold Report and Trey Wasser - 8 January, 2010
Trey Wasser, who designed the Mexican Gold & Silver Explorers Model to track junior explorers and producers as they define and develop precious metal assets and bring them into profitable production, took a breather from his frequent travels south of the border to spend some time with The Gold Report. Full Story
Price has found support at the 1070 level and is ready to rise to new heights, based on the fundamentals listed at the top of this essay. The bears will try to hold gold down below 1145, but they are expected to fail after a while. As long as gold stays above the rising 200 week moving average, the increase is 18% per year. That’s better than money in the bank – much better! Full Story
That’s the directive that came down from HSBC USA in late November. It seems that everyone these days wants gold. Real, physical gold coins that they can hold in their hands, or bars that they’re assured are resting safely in a well-guarded vault. HSBC’s New York vault, for example, buried deep below its 5th Avenue tower, where it has stored people’s gold since it inherited the facility from Republic Bank a decade ago. But no more. Full Story
In Part One I discussed the clear and present danger to pension rights: deflation as manifested by the interest rates structure that has been falling for almost thirty years, while most observers still think that the real danger is inflation. In this concluding part I carry out a deeper analysis of the pension problem, looking at the marginal productivity of labor and capital. Full Story
Summing up, it MAY be the case that the bottom is behind us and the risk being left behind is too big for one's long-term holdings - at least in our view. However, there are still several points that make this situation unclear in the short run. Full Story
Investors would be forgiven if, following the financial panic of 2008, they felt frozen and missed a lot of the recovery year that followed. But a strong recovery following a financial panic is not particularly unusual. When the monetary authorities go into panic mode, pump billions of dollars into the financial system and drop interest rates to virtually zero, it should come as no surprise that a stock market recovery follows. Full Story
The BANK of ENGLAND's asset purchase program – better known as "quantitative easing" – was maintained at its £200 billion limit ($318bn) at this week's policy meeting in London. With one month and just £7bn left to go, we wonder here at BullionVault what the chances are that a QEII will soon hove into view. Because, all told, the first £200bn has been sunk to little effect. Full Story
By: Daniel Aaronson and Lee Markowitz - 8 January, 2010
The Dow/gold ratio contrasts economic growth and prosperity with inflation and an undermined currency. Despite some commentators opining that the US economy is recovering, the fixed income holdings of the US Government and its on and off-balance sheet liabilities (such as Social Security and Medicare) will prevent the Federal Reserve from tightening monetary policy enough to control inflation. Full Story
By: Michael "Woody" O’Brien ChFC - 8 January, 2010
Now at age 50, I still remember well how my grandfather talked about how the sins of one generation can harm future generations. Measuring intergenerational financial harm is no easy task. Hard money folks are always quick to recite how Nixon’s 1971 disconnection Of the US dollar from the gold standard unleashed a wrath of inflation on our children. But what about average wages? Full Story
Looking ahead into 2010, perhaps no ability will be more important to Profiting, and to avoiding Catastrophic Losses, than properly Timing one’s Investments and Trades. (And merely “Buying and Holding” will be a recipe for Disaster as we, and, increasingly, others have pointed out in several recent Articles.) Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 8 January, 2010
Copper has enjoyed a spectacular run higher. In calendar 2009 as it emerged out of the stock-panic-induced commodities-price crash, it rocketed 153.2% higher! Such performance is just staggeringly good, even by the high post-panic standards. Over this same span the flagship CCI commodities index (which includes copper) only rallied 32.1%. And gold, which captivated traders in recent months, was only up 24.3% in 2009. Full Story
One thing that is unlikely to change as we begin a new year and decade is the fact that savers continue to sit in the corner wearing the proverbial dunce cap. They’re an often unmentioned casualty in a world of bailouts, big government spending, and general financial irresponsibility. In a normal, healthy economy, savers would be the focus of attention. Full Story
Still all in on Gold and the Gold sector. My Gold is not for sale or trading, it is my cash and cash is king in a secular bear market. My Gold stocks are speculative vehicles with significant inherent risk that I largely trade in and out of, for better or for worse. I remain rabidly bullish on Gold and Gold stocks at current levels. Full Story
Apparently running a website entitled ‘FallStreet.com’ for the last 10-years and being objectively pessimistic on the markets is not enough - I still get emails attacking me for being ‘like the herd’, ‘useless’, and for following the ‘status quo’. The latest batch of fan mail came in response to yesterday’s piece, which apparently wasn’t bearish enough for some… Full Story
If there is one man in the nation's capitol who maybe isn't too unhappy about Treasury Secretary Tim Geithner being in the news today, it's probably Fed Chairman Ben Bernanke who delivered a speech titled Monetary Policy and the Housing Bubble over the weekend, a topic that continues to generate a lot of discussion at mid-week, little of it positive. Full Story
The following Road to Roota Letter was written in January 2007 and lays the foundation for understanding the Gold Manipulation Conspiracy. The events that have transpired in the global economy and the "credit crisis" have all confirmed the original thesis of this document...that there is a group of people that were secretly rigging the gold markets for decades. Full Story
As is my customary practice, this article is defined in the Goldsmiths’ series. If it had a title, it would have to be “We should not go down at the hands of the Rothschild Cabal by default.” The sub-title should be “Even when we will probably lose, we can at least go down fighting.” Full Story
Here’s a ray of friggin’ sunshine that came a-waltzing into the Rick’s Picks chat room yesterday: “Good afternoon, gentlemen. Everybody loaded up with E-Mini S&P contracts for tomorrow’s POSITIVE jobs report? More good economic news today, retail sales up much better than expected for December. E-Mini probably up 15-20 points tomorrow. Yee- haw!” Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 7 January, 2010
It seems that the primary qualification needed by any chairman of the Federal Reserve is the ability to never admit error, no matter how damning the evidence. During his tenure on the job, Alan Greenspan set the standard for implausible deniability. But in a speech last weekend in Atlanta, current chairman Ben Bernanke did the Maestro one better. Full Story
The same day President Richard Nixon closed the "gold window” Ron Paul entered politics. Dr. Paul has been fighting to end the Federal Reserve ever since - he has been supporting a bill to audit the Fed since 1976. In 2009 Congressman Ron Paul’s bill to audit the Fed was included in the Wall Street reform bill and passed by the House. Only the Senate* stands in front of Congressman Paul’s heroic battle to audit the secretive act of the central bank wizards. Full Story
Any commentator who mentions "bubble" in the same breath as "gold" in this current environment clearly has an agenda to try to frighten the herd into a retreat back toward a well-defined micromanageable corral where they can all then be more easily fed a steady diet of Wall Street's menu of fabricated and superficial financial products -- bonds, stocks, and derivatives of every imaginable flavor, etc. Full Story
The most important decision an investor can make is what to use as the numeraire. But few investors even know what a numeraire is let alone have put deliberate thought into choosing their numeraire. With advances in technology using a reliable numeraire is easier than ever. Full Story
By: Bill Bonner, The Daily Reckoning - 7 January, 2010
Carmen Reinhardt and Ken Rogoff say that “higher debt may stunt economic growth.” Hey, this is getting interesting. Maybe we’re not entirely alone here at The Daily Reckoning. Full Story
The broad averages are not so much climbing a wall of worry as ascending a bunny slope of indifference. The result has been a bear rally so tedious that tape-watchers risk death by apnea if they should fail to jiggle jangle their limbs at regular intervals. However, the rally has been just about perfect for traders and investors who use covered writes, selling near- or out-of-the-money call options against stock they own. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 6 January, 2010
The colossal V-shaped recovery of the global stock markets in 2009 was indeed, the most remarkable feat, ever engineered by the “Plunge Protection Team,” (PPT). Step by step, the Federal Reserve, the US Treasury, and its key allies in the “Group-of-20” nations, rescued the world’s top financiers from their own greedy mistakes. The staggering size of the G-20’s rescue package, totaling about $12-trillion, was equal to a fifth of the entire world’s annual economic output. Full Story
Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception... Full Story
The year 2008 bore my mark as the year the system broke. A public article addressed the issues, laid out before the breakdown occurred in September of that year. The consequences for the many failures, the desperate nationalizations, the hasty scrambles to put financial sewage under USGovt ownership, the realization of TARP as a vast slush fund for illegitimate bank rescues, the official monetization plans put forth to prevent bond implosions, and much more occurred in the year 2009 as a recognized aftermath. Here we are in 2010 and the threats must again be laid out. Full Story
TWO-THOUSAND-and-NINE should have been the year gold took a breather. The decade's best-performing asset class bar none, gold already matched the US stock-market's longest ever run of year-on-year gains (1982-1989), averaging 16% annual returns since 2001. Yet the barbarous relic only rose further in 2009, hitting fresh all-time highs against all currencies except the Japanese Yen. Full Story
Showing the ten year monthly chart of the US dollar paints a very bleak picture. A rise to 80, at the 38% Fibonacci retracement level, would be quite healthy actually, but a rise to 81.87, the 50% Fibonacci retracement level, would be even better and likely not see much of a lower gold price. A move to the 83.73 level would be even better yet, and take the extreme bearish levels down a notch or two. Full Story
In summary if gold can maintain its price in the upper momentum channel the rally should continue into mid winter. Mid winter is usually the time that gold peaks and pulls back into spring. From that perspective the rally is probably in its latter stages but one more leg up before a spring correction has merit based on the past. Full Story
As a general rule, DollarCollapse.com doesn’t get involved in public policy debates. Not because they aren’t important, but because the damage has already been done. The U.S., along with Japan and most of Europe, has passed the point where policy fixes are possible. There’s no magic marginal tax rate or Fed Funds rate or immigration law that will avert disaster. All that’s left is for the current system to implode, one way or another. Full Story
By: Bob Chapman, The International Forecaster - 6 January, 2010
On thing we can say for sure about 2009 is that markets witnessed the worst manipulation ever by the President’s “Working Group on Financial Markets.” Over a 15-month period ending 9/30/09, together the Fed and Treasury borrowings were $2.81 trillion. This has been the greatest creation of financial aggregates in history. This tidal wave of money and credit was accompanied by just above zero interest rates. Then there was the Fed’s trillion-dollar purchase of toxic mortgage securities, which the Fed refuses to tell us what they paid for them and from whom they bought them. Full Story
A diversified gold and silver portfolio for 2010 should therefore include the physical metals, selected major stocks and some exposure to the smaller companies. This will put investors in a position to capitalize on the big upswing in precious metal prices which is coming this year. Full Story
Over 40market analysts, trading professionals and renowned economic experts will be participating directly in Panels, Workshops and Keynote presentations. Over 250 public companies representing the world’s top mineral exploration and development management teams will be exhibiting. This is your opportunity to speak directly to the CEO’s and gain valuable information on development plans and financing opportunities. Full Story
The New Year initially opened with a surge in practically all commodity prices. This could have been in part due to Hedge and Commodity Funds putting capital back to work, geopolitical events, the sharp drop in the Dollar the past two days and the fact that gold prices fell 10% or so this past December. An upward reaction in gold prices was due. Full Story
By: The Gold Report and Bob Moriarty - 6 January, 2010
321gold founder Bob Moriarty returns to The Gold Report for a lively exclusive interview about what he sees as the best investments for 2010. "Last year it was gold," says Bob, "and this year I believe it will be gold shares." Noting that Bernanke 'destroyed the financial system of the world,' Bob sees two possible outcomes—a deflationary collapse wherein the U.S. refuses to pay back its $10 trillion debt, or hyperinflation. "Those are the only two alternatives," he says, "and either is pretty bad." Full Story
Explaining why the rampaging bear rally of 2009 is likely to fizzle this year, British journalist Ambrose Evans-Pritchard packs quite an analytical wallop into this sentence: “The surplus regions (China, Japan, Germania, Gulf ) have not increased demand enough to compensate for belt-tightening in the deficit bloc (Anglo-sphere, Club Med, East Europe), and fiscal adrenalin is already fading in Europe.” There are other yellow flags out as well, most significantly a contraction of M3 money in the U.S. and Europe, and a looming bond crisis in Japan. Full Story
As with any commodity or investment, the rules of supply and demand make the biggest impact on price. Today's precious metals investors have only seen the ground floor of an explosion in the popularity of gold and silver as an investment. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 5 January, 2010
Now that 2009 has passed into history, analysts have flooded the public with their opinions on how the events of the past year will impact the coming years. While most are optimistic, I feel that last year's developments have greatly exaggerated the imbalances in the U.S. economy. Full Story
Welcome to 2010 and a happy New Year to all from the GoldOz team. I have been looking at the trends, contemplating chart technicals and talking to some equity & finance analysts. This year will initially see a continuation of the trends established in 2009. I understand that this seems like a bland statement. Full Story
The precious metals moved higher in the first trading session of 2010, which is traditionally known as a bullish sign for the whole following year. However, this single session does not determine the direction in which metals will head in the following days / weeks - there are other tools that need to be applied in order to find the most probable shor-term outcome. Full Story
Wall Street traders bought just about everything in sight yesterday, inspired by news of a strong performance by global manufacturers in December and some loose talk from a Fed muckety-muck, vice chairman Donald Cohen, who thinks tightening to head off perceived inflation threats “could be expensive.” Full Story
By: Dr. Ron Paul, U.S. Congressman - 4 January, 2010
This past week we celebrated the end of what most people agree was a decade best forgotten. New York Times columnist and leading Keynesian economist Paul Krugman called it the Big Zero in a recent column. He wrote that “there was a whole lot of nothing going on in measures of economic progress or success” which is true. However, Krugman continues to misleadingly blame the free market and supposed lack of regulation for the economic chaos. Full Story
SO THE LAST DECADE of rising gold prices simply mirrored the US Dollar's steady decline. Right...? Well, no actually, as BullionVault has repeatedly noted...and never less than when clutching a whisky and ginger this past Yuletide...typically to a fast-emptying room. Full Story
“The Death of Arthur” takes place in the 6th century A.D., but Tennyson wrote it in the late 19th century, and the idea he expresses is a 19th century idea. It is the theme for this first article of 2010 because evidence is coming in that, in the US today, the old order is changing. If this proves correct for the US, then similar implications may apply for the remainder of the world. Full Story
Divergences in various markets, indicators, and data continue to grow across the gambit, with patterns indicating some sort of resolution is set for as early as next week – as discussed previously. A diamond is forming in the widely followed S&P 500 (SPX) (and other broads) due to pinnacle next week, which as suspected for some time now, should keep equities buoyant until the New Year. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and listener's questions. 2nd Hour: -Kevin Kerr, Portfolio Grader System -George Zapata Blake, Zapatageorge.com -Louis Navallier, Portfolio Grader System Full Story
On February 23, 1950, The Commercial and Financial Chronicle published an article from Ludwig von Mises with the above title. In it the author concentrated on the threat of inflation as the greatest danger to pension rights. Sixty years later another danger is looming large on the horizon: the threat of deflation, and a new examination of the pension problem is timely. Full Story
In 1913, the US was the victim of a coup that bestowed upon it the failings of a falling empire. That coup occurred when US corporate and banking interests and President Woodrow Wilson established the Federal Reserve Bank in America, a central bank owned by private bankers that would henceforth control the nation’s money supply and, ultimately, its destiny—as Thomas Jefferson had earlier warned. Full Story
The year ended with a typical light volume "Santa Claus" rally. Understandably there is considerable trepidation about what the New Year will bring after the prolonged rally from last March and the known fact that would-be sellers have been holding off in recent weeks, waiting for the New Year to sell for tax reasons. It doesn't look good, especially given the rather scary sudden drop in the last hour of trading before the Christmas holiday. Full Story
By: Bob Chapman, The International Forecaster - 4 January, 2010
Hunkering down by the fire, I snuggled up with H.R. 4173, the financial-reform legislation passed earlier this month by the House of Representatives…It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more- bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule. Full Story
Five weeks have passed since the recent correction in the gold market commenced. Gold lost 10% in this time period, while the precious metals stock indices fell by 16%. Over the past two weeks, precious metals stocks stabilized ($XAU even climbed by 1 point). Is this a temporary breather before more downside or did $1075, set one week ago, mark the bottom? Full Story
Money is an invention of mankind. Our society refers to the irredeemable scraps of linen and ink as “money,” but in truth the dollar is no such thing. It is merely a currency, a medium of exchange, created by fiat – by government decree and force. The dollar is a phantom I.O.U. note. It is a Ponzi scheme and the central banking system issues new dollar currency whenever it wishes. Full Story
Like many of you, years ago I became aware that something was horribly wrong with our financial system. For me the awakening was in 2003 and 2004. Back then, this was a taboo subject, even among my family. Now it is a subject that everyone seems to accept and most try to ignore. Meanwhile, my fascination continues. Full Story
By: Scott Wright, Zeal Intelligence LLC - 4 January, 2010
If you peel away the layers of what the mainstreamers classify as materials stocks, you will find the base metals stocks. And it is this group of stocks that represents the mining companies responsible for the supply side of the non-ferrous metals trade. Full Story
By: Andrew Mickey, Q1 Publishing - 4 January, 2010
Put together a volatile asset class, a new all-time high, a sharp correction, and the start of a New Year and what do you get…a very diverse set of expectations. Many of the long-time gold followers are as bullish as ever. Rob McEwen, one of the world’s most prominent gold bugs, recently stated, “By the end of 2010 I see the gold price at $2000 and before the game's over at over $5000.” Full Story
Contrast how the best-run U.S. states are responding to the recession — cutting services, laying off workers, raising taxes, and generally making hard choices — with how the Federal government simply writes checks to any and all (while being praised for its “flexibility” and “creativity”) and you begin to understand the power of a printing press. Full Story
With the commencement of a New Year comes the usual barrage of analyst predictions for what the year ahead will look like. This is the time when economists present their year-ahead forecasts and when investors anxiously contemplate what the next 12 months will hold in store for them. Full Story
With the help of a credulous news media, Obama, Bernanke, Geithner et al. have continued to sledgehammer the “green shoots” story. Actually, it is no longer timid green shoots that supposedly are sprouting up, but a recovery so strongly rooted and powerful that it has sent stocks soaring since March and, more recently, goosed T-bond yields skyward. Full Story
Owning gold is more often an end-in-itself than as an investment vehicle...the aim of accumulation, not the means... THE COLLAPSE in India's gold demand during 2007-09 might seem good reason to question the fundamental strength of gold buying worldwide. Full Story
It has become clear to us that the media and so many institutional analysts are going to keep talking the $ up despite the lack of fundamental reasons. We feel that you will benefit most from a look at what lies ahead for the $ and its fundamentals and what could take it higher, if it does rise. Full Story
The background noise has been considerable. The USCongress, the august body that often passes legislation without reading it, evaluates a new initiative to reinstitute the Glass Steagall Act. Pass it, don't read it! Great idea! In the wisdom from post-Depression seven decades ago, the same Congress imposed firewall separation among the commercial banks, the brokerage houses, and the insurance firms in order to prevent systemic financial sector failure. That is precisely what happened in the last two years, without proper recognition or diagnosis, except by this and some analysts. Insolvent systems do not spring back to life with grandiose infusions of phony money and complete covers for fraud. They remain insolvent. Full Story
By: Chris Powell, Gold Anti-Trust Action Committee Inc. - 3 January, 2010
GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank's records of its surreptitious market intervention to suppress the monetary metal's price.
The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA's law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret. Full Story
We are overjoyed that yet another entity has followed in the footsteps of our dear late friend Mark Pittman in taking on the one organization that represents all that is irreconcilably broken with the current economic and financial system. We wish GATA much success, and hope that ever more wronged counterparties will seek remedies from the Fed's consistent and blatant wealth transfer from America's Middle Class to the uber-wealthy, Wall Street-originating oligarchy. Full Story
The intensifying economic and solvency crises, and the responses to both by the U.S. government and the Federal Reserve in the last two years, have exacerbated the government’s solvency issues and moved forward my timing estimation for the hyperinflation to the next five years, from the 2010 to 2018 timing range estimated in the prior report. The U.S. government and Federal Reserve already have committed the system to this course through the easy politics of a bottomless pocketbook, the servicing of big-moneyed special interests, gross mismanagement, and a deliberate and ongoing effort to debase the U.S. currency. Accordingly, risks are particularly high of the hyperinflation crisis breaking within the next year… Full Story
In the vein of looking at what might happen in the year 2010 in the financial markets, and particularly with gold, silver and precious metals, much depends on the work of the Rothschild Cabal and its owned/controlled central banks as found in most of the world. Of all of the Rothschild owned/controlled central banks, perhaps the most important one of all is the US Federal Reserve Bank. As a part of its alleged rescue of the United States and the world’s financial system in 2008, the Fed commenced a vast program of increasing its balance sheet (to over $2 trillion) and reserves to allegedly provide liquidity to the financial markets. Full Story
In welcoming 2010, the stars could not be better aligned for precious metal investors. Stimulus spending, coupled with a low federal funds rate and a new jobs program, should put plenty of money in the hands of precious metals holders. Full Story
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