By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 January, 2013
Readers may not agree with our conclusions on the confiscation of gold, but we emphasis this reality. If we are wrong, then you will still own your gold; if we are right and you have not taken the right steps to guard against confiscation and the personal dangers to you individually, then you will lose your gold and possibly suffer the penalties, which the “Gold Confiscation Order” may bring with it. Full Story
It’s common belief that Bernanke and the Fed are printing $85 billion per month ($40 billion to buy Mortgage Backed Securities and $45 billion to buy Treasuries). After all, these are the policies that the Fed announced in September and December 2012, respectively. The only issue with this is that the Fed lied. Full Story
The five year chart of the CRB Index (a Broad Measure of Commodities Prices) shows three descending tops, which is suggestive of Deflation. But to conclude that Deflation is likely to be The Ruling Force in the Economy in 2013 would be a Dangerous Error. Full Story
By: The Gold Report and Brent Cook - 4 January, 2013
What if the shockingly low valuations of some junior mining companies are really all they're worth? As the market shakes off years of exuberance, Brent Cook, co-editor of the Exploration Insights newsletter, searches for the truly undervalued—finds as rare as gold itself. In this interview with The Gold Report, Cook talks about high-margin deposits that the rest of the market can't see. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 4 January, 2013
In the cartoon “14 Carrot Rabbit” Bugs Bunny gets a ‘funny feeling’ when he's near gold. I suspect if Bugs got near Ft. Knox today he’d get that funny feeling again - like he did in 1952 when the cartoon was released - and more. Perhaps, for a New Year’s resolution we should all have on our radar screens the truth in regards to the many conspiracy theories floating around the internet in regards to gold. The truth is certainly on mine, is it on yours? Full Story
By: Adam Hamilton, Zeal Intelligence - 4 January, 2013
Gold and silver come in multiple forms, each with their own unique yet interrelated supply-and-demand profiles. Among the most popular in the US physical market are the bullion coins produced by the US Mint. Investor demand for these beautiful coins has been robust in recent months despite all the unrelated fund selling weighing on gold. US Mint bullion-coin sales offer great insights into physical demand. Full Story
Summing up, the situation has deteriorated a bit for gold from the USD perspective on Thursday, and the situation became mixed based on Friday’s pre-market price moves. Even though the most part of these declines has been invalidated, the market is still lower than where it closed yesterday. The situation seen from the non-USD perspective remains favorable and this, plus the reversal seen just before markets opened today, makes the overall medium-term picture bullish. Full Story
One of the first axioms of analysis is: "Garbage In, Garbage Out"! If your data is flawed, everything you do with it and the decisions stemming from it are flawed and dangerous to your financial health. Experienced analysts will often be found relentlessly checking, rechecking and validating their inputs and assumptions. Full Story
In the past several years, people worldwide are slowly beginning to shed the web of deceit woven by the banking elite and learning that many topics that were mocked by the mainstream media as conspiracy theories of the tin-foil hat community have now been proven to be true beyond a shadow of a doubt. First there was the myth that bankers were upstanding members of the community that contributed positively to society. Full Story
Spokespeople for the U.S. Federal Reserve have been saying that rising food and energy prices are transitory. They have now been pushing that illusion on the market for ten years, and some traders are still waiting for inflation to fall. Full Story
It seems like only yesterday. Ok, it seems like sixteen months ago. Are we really going to do this again? Less than a year and a half after the markets were pummeled by Washington politicians playing chicken they are at it again. So far the markets are taking the situation better but that seems to be mainly because no one really thought the political class would be that stupid. As usual, it seems to be a mistake to overestimate the common sense of politicians of any stripe. Full Story
A recent reader question is from Alex L, who is a member of my Super Sports Roadster club, a “collaborator-friend,” and big help in getting the Miller’s Money Forever project started: “Dennis, you started actively managing your portfolio when your CDs got called in and you were sitting on cash. What do you suggest for people who already have a portfolio but might want to rearrange it a bit?” Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 3 January, 2013
With the possible exception of the New York Times' editorial board (and the cast of The Jersey Shore), everyone on the planet understood that the United States Government needs to cut spending, increase taxes, or both. Instead, after months of political posturing and hand wringing, the Federal Government has just delivered the exact opposite, a deal that increases spending and decreases taxes. The move lays bare the emptiness of budget legislation, which can be dismantled far easier than it can be constructed. Full Story
Along this line of thinking, one must ask, are the cumulative effects of QE3 and QE4 about to kick in when the consensus is they didn’t work because nothing happened right away? It appears that’s the way the smart money should bet once the pattern / count Figure 1 is completed. (i.e. it looks like this will take until next year now if stocks get smashed in the first two weeks of January.) Greedy hedge fund managers in New York (at the behest of their bank owners) are making the fiscal cliff thingy into a ‘buy the rumor sell the news’ trade by using it to game stocks higher into year end (to pad their pay); so again, the first two weeks of the New Year should be interesting. (i.e. think extreme volatility, at a minimum.) Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 3 January, 2013
With the return of Shinzo Abe and his Liberal Democratic Party to power in Japan, the market for US Treasuries may be losing its last external pillar of support. Re-elected on September 26th, Abe has quickly set a course for limitless inflation, saying Japan must "free itself from deflation and the strong yen." This is significant to the global economy as Japan is the largest foreign power left with a strong appetite for US Treasuries. If this demand falters, the Fed may be the only remaining buyer of new Treasury issuance. Full Story
With all of the volatility of the past nine months, few market observers would think the gold equities have begun a series of higher lows or even a new bull market. However, this action is typical of this sector. GDX first formed a low in May followed by a double bottom low in July. From that point, GDX gained 35% in only two months! After three months and a pullback of 20%, the gold stocks are pushing higher once again and have a chance at a tremendous 2013. Full Story
Once $1800 is taken out on the upside, the gold chart will look tremendous. A beautiful “cup and handle” base would then provide strong support for a vigorous upward climb in the precious metal. At this stage there is no reason to abandon the rough target of $4500 for this coming upward wave. Once we have the next upleg above $1800 in place, it will be possible to start refining this target. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 3 January, 2013
The RBI report is actually pretty realistic. While it encourages the usual paper gold schemes to enable gold to be thought to be in two or more places at once, it also recogizes that the main forces behind India's gold demand are the unreliability of the Indian government's own currency and the age-old inverse relationship between the price of gold and real interest rates, the relationship central banks long have tried to break with their interventions in the gold market. Full Story
The Gold rocket is ready in the gantry and positioned for lift off. Newly elected Japanese Prime Minister Shinzo Abe has his finger on the launch button and the rocket science team of Bernanke, Draghi and King, who unwantingly are responsible for the launch, are watching the countdown very nervously. Full Story
By: Rick Ackerman and James Tolard - 3 January, 2013
The guest commentary below is the second we’ve published from James Tolard, an old and dear friend as well as a supremely gifted commodity trader. Jim’s style is to surf the big trends, trading just a few times a year. He lives in a rural area outside of Paris, but we’ve coaxed him out of semi-retirement to write occasionally on an eclectic range of subjects suited to his deep intellect, worldliness and wit. This time, he is sharply at odds with our own, very bearish outlook for 2013. We have no qualms about sharing his thoughts with you, however, because Jim’s against-the-grain instincts have been right far more often than our own. Full Story
By the time we get to the end of 2013, we will forget much of what shaped 2012. Yet, as we look back at 2012, there are some fundamentally disheartening, if not disturbing trends that are likely to play a determining role in all financial markets for some time to come, including the gold market. Full Story
By: Richard Daughty, The Mogambo Guru - 2 January, 2013
Higher taxes for millionaires? First ask yourself "How did they become millionaires?" Then ask yourself "If I'm so smart, how come I'm not a millionaire, too?" Well, if this helps, I have noticed that one of the differences between us slovenly proletariat trash and millionaires is that they seem to have a lot of perfect teeth and nice haircuts. So, if you have nice teeth and hair, the data apparently shows that you've got it made, so relax! Haha! Full Story
The knock down the silver price experienced towards the end of last year may have spooked many considering silver investment, however market analysts and the fundamentals are all pointing to big gains in the next year suggesting now might be the opportune time to buy silver bullion. Full Story
The bottom line is that if the dollar collapses and the gold reported to be in Fort Knox is really there, gold could appreciate very strongly. If the dollar crashes and Fort Knox is (partially) empty, gold could go sky-high (in dollar terms). For more information on how to structure your gold and silver portfolio to deal with both the possibility of the dollar collapsing and the possibility that it will endure in spite of the current U.S. debt levels, please consult our essay on gold and silver portfolio. For information on why we use past gold tops as reference points, check our essay on the 1980 top in gold. Full Story
In the course of history, some of the great crises of the past were beyond the pale of human control. Other crises, however, were created by the very people who suffered the effects of them. The coming year could well afford a testament in how a “crisis of our own making” leads to economic destruction. Full Story
Gold stocks are about as contrarian a sector that exists in the market right now. Even though gold hasn’t had a down year in 12 years, gold stocks have now recorded 2 straight down years, the first time that has happened during this gold bull market. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 January, 2013
Goldforecaster.com's Julian Phillips predicts the end of the US Dollar as the world's reserve currency and the rise of the Chinese Yuan. A startling prediction given America's fiscal cliff debacle... Full Story
On the last trading day of 2012, a watershed event occurred. Key gold stocks staged superb breakouts, from their weekly chart power downtrend lines. To view the significance of this, for your gold stock holdings, please, click here now. You are looking at the weekly chart for GDX. To fully expand the chart, please double-click your computer mouse on it. When I’m looking for serious upside movement in gold stocks, I use this weekly chart. I want to see a breakout from a short term downtrend line, and that’s in play now. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 1 January, 2013
Coordination of European central bank gold sales under the Washington Agreement on Gold, an agreement made in 1999 and updated in 2004 and 2009, is "the modern counterpart" of the London Gold Pool of the 1960s, which controlled gold prices until it collapsed in March 1968, a former Federal Reserve and U.S. Treasury Department official told an international investment conference a month ago. Full Story
Gold needs to take out 1700 to end its correction and then a break of 1800 to target new highs. From that point, the sky could be the limit when considering the value that has been pent up in the monetary metal. Silver is a would-be leader to bullish activity in the metals, although it could be argued that it is the mining stocks that are actually setting up as leaders to the entire precious metals complex, given the ongoing bullish divergence in the HUI-Gold ratio’s bottoming process. Back on silver, it must get above 31 to begin signaling an all clear. Full Story
By: John Mauldin, Millennium Wave Advisors - 31 December, 2012
We are 13 years into a secular bear market in the United States. The Nasdaq is still down 40% from its high, and the Dow and S&P 500 are essentially flat. European and Japanese equities have generally fared worse. The average secular bear market in the US has been about 11 years, with the shortest to date being four years and the longest 20. Are we at the beginning of a new bull market or another seven years of famine? What sorts of returns should we expect over the coming years from US equities? Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 31 December, 2012
As the clock winds down on 2012, the Fiscal Cliff is all anyone seems capable of discussing. Right now it appears that some sort of narrow deal has just emerged that will include raising tax rates on family income over $450,000 a year, increasing the estate tax rate, extending unemployment benefits for one year, and delaying spending cuts. But the prospect of higher taxes and the great uncertainty that has surrounded this fiscal fiasco has been acting like sand in the gears of the complex but sputtering U.S. economy. Full Story
It’s been said there’s no such thing as a controlled experiment in the social sciences, including economics. But we had something close to a laboratory experiment back in 1920-1921 and 1930-1931.* In each of these periods there was a depression. Unemployment was high - for awhile, it was higher in the 1920s than in the 1930s. Prices were falling in both periods. Full Story
The only way to win, unless you live high up in the power and greed pyramid, is not to play the paper game. At this point in the deficit spending, unpayable debt, and political gridlock process, there is little choice, so The Fed is destroying the purchasing power of the dollar. Gold has risen about 15% per year since 1/1/2000 – thirteen years. Do you trust gold or central bank paper? The Chinese and Russian Central Banks are aggressively accumulating gold. Are you? Full Story
By: Steve Saville, The Speculative Investor - 31 December, 2012
When someone says that QE (Quantitative Easing) is not inflationary they are probably claiming that it doesn't bring about an increase in the general price level. However, they could also be claiming that it only adds to bank reserves and therefore doesn't cause the economy-wide supply of money to increase. Both claims are completely wrong. Full Story
With the hoax of the Mayan ‘End of the World’ fantasy and the week of extreme materialistic consumerism behind us, we can now return our focus to the events of the day and what might come to pass as we enter 2013. Certainly, there are several issues at the forefront right now, but many of the biggest issues are being buried. As we transition from 2012 to 2013, let’s take a look at what are likely to be the main themes of 2013. Full Story
On the bigger picture using the weekly chart for example, silver’s technicals look fine. But that should include the potential for a drop to the mid-high 20′s because despite a bullish macro fundamental view and even longer-term technical view, the recent correction is not yet indicated to be over. What might we look for? A final, dispiriting decline with sentiment bottomed out and the CoT structure going to a full bullish structure (it is moving in the right direction) and some positive technical divergence (like that noted on the chart from last summer) would be an excellent setup. Full Story
By: Rick Ackerman, Rick's Picks - 31 December, 2012
Index futures remained hard-wired to vibrations from Capitol Hill Sunday night, nervously discounting each mood shift perhaps 30 to 40 minutes ahead of whatever web-based reports were to follow. Shortly after 7 p.m. EST, the E-Mini S&Ps were up the equivalent of about 50 Dow points, suggesting DaBoyz were willing to go way out on a limb based on the flimsiest reasons for optimism. For index-futures traders who make their living at night in the thinnest of markets, this amounted to a game of chicken, since any hint of a new impasse threatened to reverse the current rally, turning it instantaneously into a 100-point decline. Full Story
I have not faced the prospect of a new year with so much trepidation as when I contemplate what is in store for 2013. Systemic risks abound, which of themselves are not the main story, only milestones on the road to final currency destruction, unless governments somehow regain their senses. Full Story
Now here’s the problem with trying to apply “rational” analysis of the news headlines in making gold price predictions: because the financial markets are by nature irrational and volatile, you can never know from one day to the next how the market will react to a certain piece of news or legislation. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 30 December, 2012
Two U.S. State Department diplomatic cables from 1974 obtained by GATA researcher R.M. show Western central bank and treasury officials engaged in secret discussions -- that is, conspiring -- to control the price of gold and prevent any increase in its recognition as money. Full Story
With the fiscal cliff and the debt ceiling looming overhead and the very low volume this past week we saw some violent moves in stocks and markets, the kind I’d rather avoid. I didn’t take a single trade all week with many better things to do than stress about the markets and the very fast moves that took place. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
