By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 September, 2009
As the fourth part of this series we now look at this question: “What circumstances will the world monetary system be in, in the event of the Confiscation of Gold by Central Banks?” Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 4 September, 2009
Politicians often find scapegoats for America’s economic woes. It is rare – if ever – that they point the finger at themselves. Yet, the basic cause of the current severe economic problem lies in the machinations of government. Full Story
So on the anniversary of the beginning of the first in extremis phase of the financial crisis, we’re going to look at two of the many developing situations that should give us pause when considering the stability of our financial structures despite all the positive rhetoric and hopefully compel us to consider how to adequately protect ourselves. Full Story
By: Daniel Aaronson and Lee Markowitz - 4 September, 2009
The liquidity driven rally appears to be coming to an end. Although various economic indicators have become “less bad,” we attribute the rally to, in large part, the huge liquidity injections by the Federal Reserve. As shown in the chart below, the adjusted monetary base exploded in the second half of 2008 in response to the Lehman Brothers collapse. Full Story
Studying The Cartel* Game Plan, to the (considerable) extent that that Plan can be inferred from Cartel actions and their consequences (see below), can be a significant aid in making profitable investment decisions. Full Story
BY END-JULY 2009, sales of new US Treasury bonds had already outstripped full-year sales in calendar 2008. Creating money from nowhere, the Fed's asset-purchase scheme bought bonds equal to more than 18% of that 7-month record, effectively financing $224bn of the total $1.2 trillion in new government bonds. Full Story
This will generate huge physical demand for Gold and silver. I am currently intermediate-term bearish on silver and neutral on Gold because I still believe we need another deflationary price wave of asset liquidation. However, this story is a longer term development that is wildly bullish for precious metals investors and owners. Full Story
By: John Rubino and James Quinn - 4 September, 2009
In addition to his day job as a strategic planner with an Ivy League university, James Quinn has, in the past year, become one of the Web’s handful of must-read bloggers. Nearly everything he publishes ends up in the DollarCollapse “Best of the Web” column, and his Burning Platform website now hosts high-level discussions on topics ranging from Peak Water to Washington’s fraudulent employment numbers to Swiss bank dumping of U.S. bonds. We spoke earlier in the week... Full Story
By: Scott Wright, Zeal Intelligence LLC - 4 September, 2009
Every so often I’m asked to describe the role of juniors in the commodities industry. And I simply reply, “They’re like rabbits”. Rabbits are seemingly insignificant and useless animals. But in actuality they serve a critical role in the food chain as a valuable source of nourishment for larger animals. Full Story
Gold is traded around the clock and in so many places and in so many forms, ranging from the abstractions of futures contracts to the solid tangibility of rings and bracelets, that it’s not clear what the “real” price is. The question is more than a matter of curiosity, since many retail coin and bullion shops quote selling prices in terms of “spot plus X%” or “spot plus $Y.” When you talk to a dealer, what exactly does he mean when he refers to “spot”? Full Story
Now we’re at the point where the “feeding frenzy” begins. Gold bugs will say that the next objective is the $1000-$1200 price level. Until proven wrong, I think they will be right, which means that on price pullbacks, I think additional long positions should be established. Full Story
The current snapshot (as shown above) gives good reason for an earnest consultation of the historic record (as displayed in Pete’s timely August 19th chart below) to see what this price-pattern breakout now likely portends for the foreseeable future… Full Story
A remarkable story recently appeared in a leading Chinese business publication that threatens to upend the world of commodities. It seems that the government of China may be preparing the way for state-owned investment funds to walk away or default on OTC commodity derivatives contracts held with foreign banks if those contracts cause loss to the funds. Full Story
By: David Morgan and Ellis Martin - 4 September, 2009
The following is a recent interview l did with Ellis Martin on the first rule of silver investing. As you will read, we got off topic but did cover a great deal of current concerns of investors. Full Story
It’s too bad, but most Americans fit into this third category. That’s why the US faces so much trouble at this time. Of course, this apathy/don’t care has given the Rothschild Cabal a golden opportunity since 1913 to literally steal this nation and get away with it without any serious opposition. When one realizes that the Cabal controlled media directs and motivates the thinking of the average American, it is clear why the problems persist. Full Story
Starting in late 2007 and through 2008 a historic, worldwide market crash brought some of the largest corporations in the world to their knees. Between bankruptcies and bailouts, many massive financial institutions have been struggling simply to keep alive. Trillion dollar currency markets have been thrashing up and down like penny stocks. The largest housing bubble in history has popped with governments intervening and thereby prolonging the effects. Worldwide trillions of dollars in market equity has been lost. Full Story
The latest development in the gold world is highly favorable. Summarize by saying from the rooftops that GOLD LEADS THE CURRENCIES in price movement. Gold is not only a metal, but the most important of currencies, whose importance will soon be confirmed on a worldwide basis. Full Story
It looks as though the multi-month correction in precious metals is coming to an end and very soon, we are going to get a major move. If the bull-market is still intact, then gold should break above US$1,000 per ounce within a few weeks. However, if the price of gold fails to do this, we could see a sharp decline in bullion and precious metals mining stocks. Put simply, if the price of gold fails to climb past US$1,000 per ounce and instead, it falls below US$920 per ounce, it will be a negative omen. At that point, our suggestion would be to immediately sell precious metals and related stocks. Full Story
With gold apparently making another attempt to reach $1,000 an ounce this might seem an odd moment to reflect on the broader outlook for financial markets and what that means for gold and silver.
But if you accept that financial markets are at the start of a correction after their historic rally – and September and October are the traditional down months – then things do not look too bright for the precious metals. Full Story
The XGD has broken out and up with power today. The Australian Gold Index (XGD) has risen 351.8 points as I write this article - which is up 7.23%+ to 5,219. The Aussie Dollar remained virtually static over night so the large US dollar gold jump translated into an equal jump in the Aussie gold price which now stands at $1,170. Full Story
The defenders of supply-side economics have regaled conservatives with this slogan, "deficits don't matter," from the late 1970's until today. As far as I can determine, this was the only idea to come out of the supply-side movement that was ever agreed to by the mainstream Keynesians and Chicago School economists. They all agree: Federal deficits don't matter. Someday, yes, but not yet. Not now. Don't worry. Be happy. Full Story
Another crazy week in commodities with precious metals and precious metal stocks surging higher on heavy volume, while natural gas and crude oil move lower. Money seems to be rotating out of energy and into precious metals. Full Story
By: Andrew Mickey, Q1 Publishing - 3 September, 2009
Up, up, and away… That’s how gold stocks moved today. The Market Vectors Gold Miners ETF (NYSE:GDX) climbed nearly 10% today. And the move was exceptionally strong. The ETF, which tracks the major gold stocks, opened about 2% higher and steadily climbed to close up almost 10%. Full Story
By: Richard Daughty, The Mogambo Guru - 3 September, 2009
I usually get a nice laugh when I read anything by Paul Krugman, whom I regard as just an infamous Princeton academic leftist, a know-nothing neo-Keynesian econometric hack, and an economics columnist for the leftist newspaper NY Times whose writings are lapped up by an incompetent press even as... Full Story
A few weeks ago, Government Motors dropped a public relations bomb when new chief Fritz Henderson announced that the forthcoming Chevy Volt would get an astonishing 230 miles per gallon (that's 98 kilometers per liter, for our metric-system friends). Full Story
CHINA IS A FARAWAY COUNTRY of which we know little. The Isle of Wight, on the other hand, is a small island two miles off England's south coast where my mother-in-law lives. And there...between the crumbling fiber-glass dinosaurs of Black Gang Chine and the rain-soaked falconry shows at Robin Hill...chit-chat says England's baby boomers gave up saving long ago. Full Story
By: Bob Chapman, The International Forecaster - 2 September, 2009
The Illuminists are desperate. They are appealing the Bloomberg directive to reveal who received funding to keep from going bankrupt from the Federal Reserve. In addition HR 1207 will pass in the House this month. The question is in what form. No matter what happens the Illuminati knows we are hot on their trail. They have to do everything possible to end the depression, or go for broke. Full Story
To the newcomers in the gold market I would say please read the fictitious conversation between a staunch gold bull and GATA supporter (GB) and a mainstream investor (MI) who isn’t so sure what to believe these days. The conversation features discussions on traditional bearish arguments for gold, gold’s monetary role, the gold suppression scheme, GATA’s birth, the blatant lies from US government regarding its gold policies, Brown/Blair’s blatant lies after announcing the sale of half of Brittain’s gold in 1999, future for the US dollar, new world reserve currency, Chinese gold hoarding, etc. Full Story
By: John Rubino and David Morgan - 2 September, 2009
The precious metals juniors have had a nice pop in the past few months. But according to David Morgan, veteran silver analyst and publisher of The Morgan Report, the real fun is just beginning. We spoke recently about why the sector has a bright future and how to tell the real companies from the story stocks. Full Story
By: Andrew Mickey, Q1 Publishing - 2 September, 2009
If we take a step back, we can see how one person’s “insanity” actually makes a lot of sense. All of the recent market action does make sense if you look at what’s going on in the markets. More importantly, the run in these “garbage stocks” signals a very, very big opportunity is just around the corner. Full Story
By: Richard Daughty, The Mogambo Guru - 2 September, 2009
There are plenty of nightmarish things in the world today, but few nightmares match the terror of finding your wife still awake and waiting for you to get home after you had a late night on the town, or if you have money invested that is in the hands of professional money managers... Full Story
By: Rick Ackerman, Rick's Picks - 2 September, 2009
A run on a major U.S. bank? Who could have been spreading such scurrilous rumors? They surfaced yesterday in the Rick’s Picks chat room, and elsewhere, not long after we’d done some personal banking ourselves in an online account at the very same bank. Full Story
By: The Gold Report and John Licata - 1 September, 2009
Bullish on gold since it carried a $400-per-ounce price tag, Blue Phoenix Chief Investment Strategist John Licata expects the king of metals to ring in the New Year with a $1,200-per-ounce crown. As he told The Gold Report in April, he still considers gold one of the best asset plays in the world. Full Story
By: Steven Saville, Speculative Investor - 1 September, 2009
In our 5th August commentary we explained that the central bank couldn't simply withdraw monetary stimulus in order to avoid an inflation problem, because injecting new money doesn't just alter the general price level; it also changes the STRUCTURE of the economy. In the world of economics there are few things of greater importance than the concept of how monetary inflation really works, and yet hardly anyone understands it. Of special relevance, the current Fed chairman appears to have absolutely no idea how monetary inflation affects the economy. We'll therefore take another shot at explaining it; this time, for the sake of clarity and brevity, in point form. Full Story
There is a massive change in the institutional gold market. The CME Group has announced, “In response to market needs, CME Group will offer a clearing service for the OTC London gold forward market beginning September 20, 2009 for trade date September 21, 2009.” Full Story
Merrill Lynch Asia (Bank of America) strategists Sadiq Currimbhoy, Arik Reiss, and Jacky Tang suggest that the S&P 500 could soar another 40% by December 2010 before it collapses completely based on a unique comparison with the Nikkei 225. (Before you reject this possibility out of hand please read the entire article.) Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 1 September, 2009
Despite vocal criticism of the Federal Reserve’s stewardship of the economy over the past decade, President Obama’s renomination of Ben Bernanke to a second term as Fed Chairman nevertheless served to reassure and boost financial markets. Full Story
Jake Towne and Jason Wood talk about the suppression of the gold price. Towne is the 2010 independent congressional candidate for PA-15, which primarily covers the Lehigh Valley. Read Jake's article The Summers Gold Price Suppression Scheme for cited information. Full Story
Investors should be taking some clues from the thinking of American voters. Their view, as documented by the respected Rasmussen polling organization, is rejection of the growth killing policies of the Obama Regime. Per Rasmussen, a mere 46% of voters approve of Obama Regime while 53% disapprove. The vote is in on the economic prospects for the U.S. due to policies of the failing and fading Obama Regime, and it is in the negative column. Full Story
By: Richard Daughty, The Mogambo Guru - 1 September, 2009
Floy Lilley at the Mises Institute, in her essay at LewRockwell.com, notes that the gold-standard dollar “provided us with nothing less than relative peace and prosperity over a span of 136 years” until that fateful year, 1913. Full Story
By: Rick Ackerman, Rick's Picks - 1 September, 2009
Although we can be certain Americans and their government owe far more than they will ever be able to repay, the question of how this debt eventually will be discharged is the economic conundrum of the day. Full Story
By: Dr. Ron Paul, U.S. Congressman - 31 August, 2009
It has been an interesting week indeed for the Federal Reserve. Early this week, it was announced that President Obama intends to reappoint Fed Chairman Ben Bernanke to a second term in January, signaling a vote of confidence in him. Bernanke seems to be popular with the administration and with Wall Street, and with good reason. Full Story
Recently, Bloomberg News reported that a legal brouhaha has developed in Italy surrounding the municipality of Milan entering into a refinancing package, including retiring older existing debt and associated interest rate swaps, with a combination of new bonds and interest rate swap agreements designed to protect Milan against a rise in long-term interest rates, back in 2005. This financing was arranged with a quartet of banks including J.P. Morgan Chase, U.B.S. AG, Deutsche Bank AG and Depfa Bank Plc. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 August, 2009
In this the third part of this series we look at the fall of gold as a medium of exchange and the freeing up of gold ownership from August 15th 1974 onwards. Full Story
By: Julian Phillips and Peter Spina, GoldForecaster.com - 31 August, 2009
Gold stocks provide investors with a leveraged investment option versus the metal. Volatility has been a normal component of the gold stocks and with increasing volatility among all markets; this has only amplified the swings in the gold equities. So historically, gold shares will outperform the price on the upside and likewise on the downside. Full Story
Gold has been one of the most misportrayed mediums of wealth since the 1970's. Usually it has been marketed as the hedge against inflation during the good old days of the 1970's and 1980's. However, this has been a great misconception of the role gold truly plays. It is coming into its own and is still poised to rally to at least test the $3000 level if not much higher. Full Story
Many are now talking about how the markets appear to be managed these days, and these people are now taking conspiracy theories in this regard far more seriously. And without a doubt the Fed and Treasury are working overtime to keep the bubbles afloat, the bubbles in both equities and debt. Full Story
We’re heading into September next week, so it’s a good time to revisit the historic seasonality of gold and gold stocks. Over the past four decades, September has been the best time for gold in terms of its month-over-month price appreciation. You can see this on the chart below – in a typical year, the price of gold in September rises 2.5 percent above its August price. Full Story
Things are looking good, dear gold bug. Characteristically gold hits its seasonal low in late summer, often in August, and then begins to rise as the month comes to an end. This late-August drift higher is a sign of the exhaustion of selling pressure and a precursor of the autumn rally (which in many years is quite powerful). Full Story
The seasonal factor for the gold market is due to turn up in the month of September. But we want to ask ourselves, WHAT needs to happen for it to kick in? Well, certainly the psychology has to be there. More importantly however, demand must be there. And what is the most likely demand factor this time of year? Christmas & holidays and India's wedding season. Full Story
By: Bob Chapman, The International Forecaster - 31 August, 2009
Historically about 1/3rd of Americans do not file income tax and only 15% of illegal aliens file. That has cost government about $500 billion a year. Americans are fed up and more are becoming non-filers and more are underestimating or hiding income. It is essentially a tax revolt. Why do you think federal revenues fell so precipitously? People are sick and tired of taxation without representation. They are also outraged at the bailout of banks, Wall Street and insurance companies and a few crumbs for the average American. Full Story
The non-federal, private federal reserve corporation has a no-bid contract to print money out of thin air and charge U.S. citizens money (interest) for this enormous privilege. Their so-called powers are legion and they are the cause of much distortion and inequality in our economy, to be sure. Full Story
I do not recall this in my lifetime. A majority in the House of Representatives has co-signed H.R. 1207, a bill introduced by Ron Paul to have the Federal Reserve System audited by an independent government agency, the Comptroller General's office. Full Story
Gold price continues to move towards the mouth of a megaphone pattern. The longer it stays within the megaphone the weaker a break-out may be. Let’s hear it for a break-out NOW, and on the up side. Full Story
Over the past couple of months, gold and silver have been uneventful. In this report I have posted weekly charts to show the larger trend of gold and silver. Also I have provided small charts of the US and Canadian gold stock funds GDX and XGD. Full Story
This week the precious metals sector moved higher; silver rallied on strong volume, which may mark a beginning of a new substantial upleg. Gold is currently in a cloudy technical situation, and much depends on what happens in other markets. Full Story
By: Richard Daughty, The Mogambo Guru - 31 August, 2009
I admit that I was pretty sloshed when I started haranguing the other barfly trash sitting near me about how “It has been said that the big problem with the human brain is that it cannot understand parabolic curves, and it cannot comprehend the horrific folly of the Federal Reserve increasing money and credit parabolically, and... Full Story
Because we never shared investors’ wild enthusiasm for Cerberus, its near-collapse in recent days hardly came as a shock. The once-huge private-equity firm specialized in distressed assets at a time when even the bluest of blue-chip companies – the name Lehman Brothers springs to mind – have fallen into mortal peril literally overnight. Full Story
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