By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 April, 2011
We have always referred to silver as the ‘long shadow’ of gold because its price moves with gold’s. When the gold price rises, silver rises more. When the gold price falls, silver falls further, but they move in sync. Why? Full Story
By: Louis James, Casey International Speculator - 8 April, 2011
It’s understandable that people want to know where the precious metals market is headed next. And not just because big fluctuations can be nerve-wracking, but because it makes a big difference how you’d invest today if, for instance, you think there’s a big correction ahead (save cash to buy cheaper) or not (load up and ride the wave). Full Story
SO THIS is 2011 – a world of pleaders and moaners. "There are huge commercials all day long: 'Cash for gold, cash for gold'. Ever since gold went up...at least three times a day, we have customers asking about melting pieces. We try to save them from the melting pot." So says Tobina Kahn, vice-president of US heirloom-jewelry business House of Kahn. Full Story
A deadly cauldron of rising oil prices given the unrest in the world’s major oil producing region; an earthquake and tsunami that has turned into a deadly nuclear disaster, disrupting the world’s number two economy and others; the major Western countries awash in debt and the world’s reserve currency on a downward spiral. It all makes for a deadly brew of trouble that is boiling and bubbling. How it will play out is unknown. But given the current direction it is not pointing to a happy ending. No wonder gold and silver prices are soaring as a potential perfect storm of geopolitical and macroeconomic risk takes hold. Full Story
We have to realize that higher food prices and the resulting civil unrest are not a temporary condition but a New Normal and adjust ourselves accordingly. Is a New Normal, the coming Harsh Times, on your radar screen? If not, maybe it should be. Full Story
The triple tragedy of earthquake, tsunami and nuclear crisis in Japan may have global consequences that go well beyond atmospheric radiation. Three distinct categories of inflationary pressures have been created: 1) Demand Inflation pressures; 2) Supply Inflation pressures; and 3) Interest-Rate pressures that could lead to increased global monetization. Full Story
By: Adam Hamilton, Zeal Intelligence - 8 April, 2011
Gold has much to celebrate. Not only did it just hit new all-time nominal highs, its secular bull was born exactly 10 years ago this week! It’s enough to bring a tear to the eye of the bold contrarian investors who’ve been riding this mighty bull market for an entire decade. Much has changed since I first started recommending physical gold coins as long-term investments in May 2001, when gold traded at $264. Full Story
The story of gold is as rich, lustrous and complex as the metal itself. It is as ancient as the Egyptian Pharos and modern as the mirrors coated with gold which astronomers use to capture images of the universe. The metal's mounting value is connected directly to its economic role as a stable alternative to paper currencies, and its rise should speak volume about the health of the global monetary system. Full Story
The Bubbles in the Markets and Economy are No Secret. But it is important to clearly identify them and to indicate how to protect against, and profit from, their Popping, and, in two Non-Bubble cases, to profit from their continuing Burgeoning. Full Story
By: Chris Martenson and Paul Tustain - 8 April, 2011
When a country's public debt exceeds 90% of GDP, that is the magic number. You get to 90%, there is no way back, and that is the number that the U.S. is going through pretty much as we speak. It is also the number which the UK has gone through; all of the PIGS are going through it, as well. Full Story
One of the contributions to market cycle analysis by the late financial analyst PQ Wall was the discovery that there are nine dynamic market cycles in every business cycle. This cycle is widely known as the 20-week cycle. Investors and traders have been aware of this cycle for decades, although its exact length has been a point of disagreement. If there actually are nine cycles in a business cycle, it is a remarkable and important discovery, and has major implications for investors and traders seeking to understand current market action, and identify the market top expected in 2011. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 8 April, 2011
...Now GATA plans to accelerate that realization by reprising Gold Rush 21 with a conference from Thursday-Saturday, August 4-6, in London, home of the London Bullion Market Association and the gold-dumping Bank of England, which now are fairly warned. The conference will review where gold has gone on GATA's watch and examine where it might go as it returns to its rightful place at the center of the world financial system. Full Story
By: David Galland and Andrew Bogan - 8 April, 2011
In an attempt to understand the relatively new but wildly popular Exchange Traded Funds (ETFs), Dr. Bogan did extensive research into the structures used by ETF operators, with a special focus on the potential risks that might arise should they be faced with large and sudden liquidations. Given that there are about 2,000 ETFs in existence, with assets totaling over $1 trillion, we thought it appropriate to find out what Dr. Bogan has learned in his research. Full Story
By: Jason Hommel, Silver Stock Report - 8 April, 2011
If the US government spends new paper money that it does not have, is that inflationary? Will that make the new dollars tend to go down in value? If so, by how much? Are silver prices likely to go up, as new money buys silver to protect itself? In your opinion, much new money will be likely to buy silver next year? How much do you think the silver price will continue to be driven up, in the next year, by such buying? Full Story
By: Richard Daughty, The Mogambo Guru - 8 April, 2011
Charles Kedlac here at The Daily Reckoning asks, “What, then, should we make of 13th century theologian Thomas Aquinas’ claim ‘…one man cannot over-abound in external riches without another man lacking them’?” Full Story
Last Week’s Goldsmiths (CLXXXVII) broached some facts from ancient history which few people seem to be aware of. Importantly, it can be shown that some Amalekites from Asia have been the people with money who have ruled huge nations and empires throughout most of recorded history—usually in secret and from behind the scenes. Full Story
Gold continues working its way higher off of a number of factors. Rising commodity prices, a continued accommodative United States monetary policy, uncertainty concerning the financial health of peripheral Eurozone countries, an accommodative policy Bank of Japan policy for banks impacted by the earthquake along with continued unrest in the Middle East and Africa. There are more items, but the point is that there is plenty of bullish information that has created a market psychology that remains bullish on almost everything. Full Story
If investors think they own large amounts of bullion in “unallocated” accounts they should take a very close look at what has been presented here and try to work out where exactly the underlying assets that back their investment might be hidden. The inescapable conclusion is that the unallocated accounts are unbacked or backed with no more than 2% of the bullion required. The gigantic revenues that the precious metals market generates for the banks seems to be been omitted from the Annual reports entirely. Full Story
By: Jeff Berwick, The Dollar Vigilante - 7 April, 2011
Mainstream media, the majority of the public and value investors all believe that the precious metals are in a bubble. But that is because they do not understand the foundations underpinning a move into hard assets. Full Story
Right now all you need to know are two things. First, take a look at the above breakout. Second, consider the estimation that 1% of global assets and 0.30% of pension assets are allocated to Gold and gold shares. Folks, this is absolutely stunning. This is why this bull market will be the greatest bull market in generations. George Soros knows what he’s talking about when he says, “Gold is the ultimate bubble.” Full Story
By: The Gold Report and Imaru Casanova - 7 April, 2011
McNicoll, Lewis & Vlak Investment Analyst Imaru (Ima) Casanova specializes in "under-covered" and turnaround companies in the resource sector. In this exclusive interview with The Gold Report, Ima describes several situations that fit her investment parameters, including the unique field of royalty companies. Full Story
By: Richard Daughty, The Mogambo Guru - 7 April, 2011
It doesn’t take a raving cynic like me, rabidly spewing flecks of spittle while screaming in outrage, “We’re freaking doomed!” to realize that, regardless of what you have heard, the federal government will, indeed, bail the states out of their messes. Full Story
My forecast has been for a powerful Inflationary Recession to occur, a consistently laid out analysis, delivered during the last year or more in clear terms. That has been my call, and continues to be my call. The Deflationist camp is making more noises. They do not know their limitations, which are obstructed by a blind eye toward the monetary inflation. They do not understand it, so they ignore it, and attempt to encapsulate it into a convenient bottle set aside on the margin. Full Story
It’s no secret that the silver market is red hot. As I write, silver American Eagles and Canadian Maple Leafs are sold out at their respective mints. Buying in India has gone through the roof, especially noteworthy among a people with a strong historical preference for gold. Demand in China continues unabated. Silver stocks have screamed upward. Full Story
WE'VE BEEN inundated here at BullionVault with comments and queries in response to Gold Value $3844, Paul Tustain's new video presentation. Apologies if we've not got round to answering your email yet. Chief amongst the queries? "What's your view of silver?" Which on a risk-adjusted, 'fair value' basis, is tougher still to answer. Full Story
Most people believe, and the media confirm them in that belief, that the Fed can legally create dollars ‘out of the thin air’ in any quantity, and can do with them as it pleases. This may well be the pipe dream of Dr. Bernanke who is quoted as saying that the U.S. government has given the Fed a tool, the printing press, to stop deflation — but it hardly corresponds to the truth. The Fed can create new dollars only if some stringent legal conditions are satisfied, and then, it can only dispose of them in certain ways prescribed by law. Full Story
By: Bob Chapman, The International Forecaster - 6 April, 2011
As each day passes the US dollar loses prestige and its status as a world reserve currency. Washington and Wall Street pay little attention to its slide and the changes a lower dollar and loss of reserve status will bring. Once the dollar is dethroned Americans will have to learn to live on the edges of the economic and financial world. Those of you who have not read G. Edward Griffins’ “Creature from Jekyll Island” should. Full Story
By: Richard Daughty, The Mogambo Guru - 6 April, 2011
Ehow.com relates a piece of history in that “Since the creation of the Federal Reserve in 1913, the money supply had increased 240 percent from 1913 to 1920, because of a relaxed gold standard, and prices had risen by an identical amount.” Full Story
Let’s step back for a moment and take a look at the big picture. Although the primary focus of traders should be on the short-term technical outlook for gold, silver and mining stocks, it’s good to have a good idea of where the precious metals are likely headed in the 3-4 year out look. Full Story
China Central Bank’s recent announcement of a rise in lending and deposit rates caused gold to trade close to US$1,430 on Tuesday, Asian trading time. However, long-term trends in precious metals are UP although the current investor sentiment appears mixed. Weakness of the dollar, the uncertainty in the Middle East and concerns over a looming debt crisis in the euro zone, could support yellow metal. Full Story
Battle time is here. Another day begins anew and you step into the market boxing ring for the big gold fight against the dollar. Unfortunately, because you have no access to the gold futures market, you can’t fight. By the time most investors get out of bed, their opponents in the market are already richer. Full Story
Should investors be concerned that a weaker U.S. dollar causes inflation? The price at the gas pump should be a stark reminder that a weaker dollar may contribute to higher prices. Yet, economists tell us that food and energy inflation does not count. Why do economists have such a baffling sense of logic? Are economists really aliens in disguise, locked up in ivory towers? Let’s shed some light on the logic and why it may not merely be strange, but wrong. Full Story
By: Steve Saville, The Speculative Investor - 5 April, 2011
Can inflation happen when the banks aren’t lending? We can state with absolute certainty that "yes" is the correct answer to the above question. We know for a fact that the total supply of money can increase in parallel with a contraction in the commercial banking industry's collective loan portfolio because that's exactly what has happened in the US since October of 2008. Full Story
Let me say first and foremost that gold is going to fly, rise to levels I dare not predict at this early stage in this gold bull. Gold and silver stocks around the globe are going to boom in the coming years – a mania in this sector approaches. Stocks in the USA, Canada, on the AIM in London, in Australia, South Africa, and South America and elsewhere are going to resemble (year 2000) Dot Com stocks on steroids in the next few years. There is not enough gold or silver to go around at these cheap prices so many investors will have to settle for highly leveraged profits from the gold and silver miners. Full Story
By: Richard Daughty, The Mogambo Guru - 5 April, 2011
Junior Mogambo Ranger (JMR) Terry L. sent me the essay “Fiscal Armageddon in the USA” by C. Banesh, who reminds us that “Sometime between now and 2012 the US debt will equal the country’s Gross Domestic Product (GDP), the total market value of all the goods and services in our economy for an entire year.” Full Story
By: The Gold Report and Jared Sturdivant - 4 April, 2011
Jared Sturdivant, portfolio manager and managing partner of O-Cap Management, LP, likes to find special-situation investment opportunities, which include companies that have "good assets and bad balance sheets." When he finds them, he digs deep to ascertain their value and looks for the catalyst that will turn them into attractive investment opportunities. Full Story
The Wikileaks/Financial Times revelations on significant gold buying interest in the Middle East — notably Iran’s central bank, Jordan’s central bank and Qatar’s sovereign wealth fund — brought to mind the story of Saudi Arabia’s King Ibn Saud and his sale of oil concessions to the major oil companies. In payment he received 35,000 British sovereigns — a coin many of you hold in your own sovereign wealth fund. The good king understood the difference between the value of gold and the value of a paper promise. Full Story
For years the Federal Reserve has told us that in order to detect inflation in the economy it is important to separate "signal from noise" by focusing on "core" inflation statistics, which exclude changes in food and energy prices. Because food and energy figure so prominently into consumer spending, this maneuver is not without controversy. But the Fed counters the criticism by pointing to the apparent volatility of the broader "headline" inflation figure, which includes food and energy. The Fed tells us that the danger lies in making a monetary policy mistake based on unreliable statistics. Being more stable (they tell us), the core is their preferred guide. Sounds reasonable...but it isn't. Full Story
The Fed is in a bind. No matter which way it turns, utter failure is a risk. Putting more money into the system risks no less than the dollar itself. Stopping quantitative easing (QE) risks plunging the economy and financial system into another period of turbulent decline. It looks like they are going to choose the latter. Full Story
Even if stability were to return to the Middle East and North Africa, and Japan gets its damaged reactors under control, gold and silver will reach new highs over the next several months. There is no doubt that the popular uprisings in Egypt, Tunisia, Bahrain and now Yemen and Syria, and the shooting war in Libya have threatened stability in the region. Oil prices have spiked to over $100/bbl as Libyan refineries shut down, cutting off 1.6 million barrels a day to global supply. Libya is the world’s 12th largest oil exporter Full Story
By: Dr. Ron Paul, U.S. Congressman - 4 April, 2011
Last week I was both surprised and pleased when the Supreme Court upheld lower court decisions requiring the Federal Reserve Bank to comply with requests for information made by Bloomberg under the Freedom of Information Act ("FOIA"). Bloomberg simply wanted to know who received loans from the Fed's discount window in the aftermath of the 2008 financial market crisis, and how much each entity received. Full Story
Last week I had the pleasure of participating in a webcast for Bloomberg Markets Magazine regarding gold investing. It was a very insightful presentation and I suggest you view the replay at www.bloombergmarkets.com. What struck me on the call was the negativity surrounding the gold market. Call it a bubble, a frenzy or mania, there seems to be a large number of voices in the marketplace who just are not fans of gold, whether prices are moving up, down or sideways. Full Story
I’m going to take a leap of faith and assume the reader harbours a sufficiently enlightened mind to be aware of several key facts regarding the world as we know it. The fatuous commentary suggesting gold is a bubble, gold has peaked, gold is a bad investment, etc shall from this point forward be consigned to its rightful place in the Horribly Flawed Thinking dumpster and discussion of same restricted to the hopelessly naïve (or sublimely clever and duplicitous) CNBC. Full Story
The title of this article is borrowed and modified from the book "Deception and Abuse at the Fed" by Robert C. Auerbach. The minutes of each Federal Open Market Committee (FOMC) meeting are released within weeks of the meeting having occurred. The full transcript is available only five years later. I recently started reading in depth the transcripts of the FOMC meetings and discovered some shocking information. Full Story
There seems to be a lot of silver pundits calling for a major top in silver lately. There’s basically two main reasons why they are calling for a top: 1) silver is currently stretched above its long term moving averages and 2) silver looks spiky on a chart. Anybody that has followed markets for a while and looked at charts knows that when they see things like that they should grow cautious. This is because they have most likely experienced the other side of a spike at least once, where the market snaps back hard to the downside. They have also likely experienced that hard move down with an overly aggressive position due to being too bullish at the top, which caused even more painful losses. Full Story
Sell, buy or hold are the classic investment dilemmas but they are particulary accute for gold and silver bugs at the moment. Long-term investors maybe tempted to take short-term profits because the ending of QE2 threatens a big hiccup in financial markets that will likely drag bullion lower. Full Story
I awakened Sunday morning on three hours of sleep, lucid of mind and filled with dread from an essay linked below that I’d read before going to sleep. Amidst the desiccated hell of Colorado’s, and the entire Southwest’s, pine-forest die-off and a disturbingly winterless winter, even my wife still doesn’t get it. She seems to think that because peak real estate valuations have held up so far in our Rock Creek neighborhood, that they will continue to hold or even rise. It’s difficult to say why prices have stayed aloft in here in Superior, Colorado, which lies just south of Boulder, about 20 minute from downtown Denver. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. 2nd hour: Gerald Celente, Trends Research Institute G. Edward Griffin, Realityzone.com Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 April, 2011
GFMS produced the report for the Silver Institute published last week. We have used this as a basis for this article on silver supply and demand in the last three years. Our objective in this piece is to have recent history confirm what we expect of the future for silver. Full Story
By: Bob Chapman, The International Forecaster - 3 April, 2011
The seeds of today’s monetary problems were laid at Bretton Woods, NH in 1944, as a combination of socialists, communists and fascists laid the groundwork for the IMF, the World Bank and the eventual elimination of gold from the monetary world. The Federal Reserve’s role was to bring that about from behind the scenes. Full Story
Since the Masters of the System have decided to arbitrarily "move the goalposts" to suit themselves by printing money in unlimited quantities, fixing interest rates at artificially low levels, and backstopping the bond market etc, it is incumbent on us as investors to find a fixed point of reference and safe anchorage, the better to weather the financial storms that their crassly irresponsible policies are bringing upon us. That fixed point of reference is gold. Full Story
By: John Mauldin, Millennium Wave Advisors - 3 April, 2011
I get a lot of email from readers. I recently got an impassioned letter from very-long-time reader Bill K., who asks some very pointed questions about austerity and spending cuts. It is a rather lengthy letter, so I will only quote part of it and use it is the launching pad for this week’s letter, where we look at today’s employment report, but from a little different slant. This letter will no doubt anger a few other long-time readers. I argue this week for the middle, but do so as a survivalist. Full Story
By: Neeraj Chaudhary, Investment Consultant at Euro Pacific Capital - 3 April, 2011
Recently, the Obama Administration seemed to flash a rare sign of laissez-faire thinking when it issued a report calling for the "winding down" of Fannie Mae and Freddie Mac, the two taxpayer-guaranteed institutions now responsible for backing at least 90% of the US mortgage market. In its press release, the Administration acknowledged that the private sector should be the "primary source of mortgage credit," and that their goal is to "bring private capital back to the mortgage market." Full Story
This article will examine the current up leg in gold price that originated in October 2008, present a study of the Fibonacci relationships of this price movement that are evident both in terms of price and time, and offer a projection of future price movement within the time frame suggested by the evidence. Full Story
By: Richard Daughty, The Mogambo Guru - 3 April, 2011
The 5-Minute Forecast came to me in an email with the subject line reading “5-Minute Forecast – Everybody Panic.” Naturally, as a guy who is always on the verge of panic because of the fact that all the monstrously excessive amounts of money that the Federal Reserve is creating will cause inflation in prices, this affected me greatly. Full Story
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