In early July, Japan set a premium price for solar energy that was three times the rate of conventional power. This meant utility companies would be paid three times more for electricity sourced from solar. It's widely expected that the premium will ignite the use of solar power – and solar uses a lot of silver. Full Story
It is refreshing to hear a Lionized Establishment Figure such as Bill Gross (whose PIMCO has $1.8 Trillion under Management) make a Public Statement which approaches the Truth. While Gross’s Statements are True, they do not tell the “Whole Truth”, and therein lies Opportunity for Investors. Full Story
What accounts for gold’s strong performance since the initial rebound in July? That’s the question that many analysts are (belatedly) trying to answer. The first and most obvious answer is stimulus; specifically the stimulus provided by the world’s leading central bank in the U.S. The Federal Reserve’s latest bond-buying scheme known as QE3 is to date the biggest stimulus aid that has had an impact in boosting the gold price. Full Story
By: Adam Hamilton, Zeal Intelligence - 5 October, 2012
After the Federal Reserve launched QE3 last month, investors and speculators are growing excited about its future impact on gold and silver.Though the Fed’s QE3 campaign started out relatively small, its open-ended nature is utterly unprecedented.Thus an unknown amount of future inflation will be spawned.Naturally gold and silver thrive in such environments, as they proved during QE1 and QE2. Full Story
Summing up, the picture for the general stock market appears bullish at this time, and since it’s positively correlated with gold, silver and precious metals mining stocks, it bodes well for these assets. The situation on the USD Index and the fact that the precious metals sector is overbought on a short-term basis, however, suggests that a correction is quite likely to be seen soon. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 5 October, 2012
Californication is a brilliant 1999 song by the Red Hot Chili Peppers. Many of the lyrics reference the often insane, unrealistic, impossible dream images Hollywood sells to the world. Quantifornication is the term I coined for what the Federal Reserve is selling to the world - the unrealistic, insane fiat dream that the monetary policy currently being employed by the Fed can fix the predicament we are in. Full Story
By: Heiko Ihle, Senior Research Analyst with Euro Pacific Capital - 5 October, 2012
As China and Japan continue to ratchet up tensions over a group of disputed islands in the East China Sea, many investors may be wondering how the dispute could affect the marketplace. One potential area for fallout is the market for rare earth elements (REEs): the futuristic sounding group of 17 minerals with unpronounceable names that play a critical role in everything from hybrid cars to flat screen TVs. Full Story
Using the spread between 30 year and 2 year US Treasury yields, we can gauge when policy makers are in control of market participants’ perceptions and when they are losing control to the free market’s will. Full Story
Apple shares have looked like hell lately. Given the stock’s uber-bellwether status, can the stock market as a whole be far behind? Probably not — and that’s notwithstanding the very bullish projection we put out a while ago for the Dow Industrials. It called for a 1400-point rally to exactly 14969, and although we no longer believe the Dow can get there by election day, the target remains theoretically viable nonetheless. Full Story
The Weekly Chart is very bullish as it has an embedded Slow Stochastic reading. This can be seen on the bottom graph on the above chart. When both the “red” K-line and the “gold” D-line are going sideways over an 80-reading for several weeks in a row, I say this study is locked in…embedded. To me this means that those bullish have control of the market and that prices should be pressured to move higher. Full Story
Most of us have seen limited gains and probably substantial losses in the last decade when we played in the Wall Street Casino. Do you see any reason to expect the Wall Street Casino will benefit you in the future? If not, what is safer than physical gold or silver in your possession or stored in a secure private storage vault? Full Story
After months of nothing but ugly, the market for resource stocks finally took a meaningful turn for the better. We all know the reason for that. US Fed chief Bernanke delivered on QE3 and the gold market responded. The chart below shows how impressive the rally that kicked off in August has been. Bernanke telegraphed his move and the markets were already cheering a push by the ECB for its own money printing. By the time the Fed announcement of $40 billion a month in mortgage backed bond purchases was announced a lot of the gain was in. Full Story
Einstein was a genius known for his simple elegant expressions of complex natural laws. Indeed, what is simpler than E=MC²? While it may be urban legend that Professor Einstein was reputed to have said that compound interest was the "eighth wonder of the world and the most powerful force in the universe", the point is well taken. Full Story
By: The Gold Report and Casey Research - 3 October, 2012
Right on the heels of the Republican and Democratic National Conventions, the recent Casey Research Summit in Carlsbad, California—cosponsored by SprottGlobal—focused on a timely theme: "Navigating the Politicized Economy." The somber revelations of the summit contrasted with the buzz of the party conventions. The Gold Report sat down with Louis James, Casey Research's chief metals and mining investment strategist, Rick Rule, founder and chairman of Sprott Global Resource Investments and chairman of Sprott US Holdings, and Marin Katusa, Casey Research's chief energy investment strategist, to discuss how investors can position themselves in a politically driven economy. Full Story
GOLD was up, up and away in September. But who was doing the buying? New data we released today here at BullionVault show that private households across Western Europe and the US continue to join the bull market. But their response to QE3 and the latest phase of the Eurozone crisis is more measured – you might even say complacent – than the recent price action alone suggests. Full Story
The sadly departed Ferdinand Lips left us an astounding legacy with this jewel of a book. It sends a powerful message that our political and banking elite would do well to remember, and is even more relevant now in light of current events. Full Story
The roots of the LIBOR crisis can be found in the broad based sub-prime FRAUD in America circa 2000 - 2007. The sub-prime fraud involved American investment banks securitizing [bundling] poor mortgage credits into “pools” – then working hand-in-hand with credit rating agencies like S & P and Moodys – having these pooled securities rated AAA. Full Story
Recent BBC documentaries on the great economists have created quite a buzz in the UK. No doubt the shows are proving popular on the BBC’s international channels too. The sorry state of the global economy and withered trust in economics today prompts another look at the giants of this social science. The usual names are re-examined, including John Maynard Keynes and Friedrich Hayek. Full Story
Like the $1,000 line in the sand, the bankers’ $1900 line will also be taken out. When market forces grow too strong for central bankers to resist, market forces will break through the bankers’ defenses with sufficient momentum to force the bankers’ to abandon their defenses and flee. After they do, markets will again be free—and so will we. Full Story
Investors are concerned about inflation. But how can investors attempt to inflation-proof their portfolios? Buy TIPS? Short Treasury bonds? Stocks? Real Estate? Commodities? Gold? Currencies? Or should investors regard those warnings about inflation as fear mongering? Full Story
Chicago Federal Reserve Bank President Charles Evans was interviewed on CNBC on Monday, and he indicated that he was in favor of continuing asset purchases at a rate of $85 billion per month all the way through 2013. If approved by the rest of the Fed, this would have the effect of about doubling the size of "QE3", or Quantitative Easing Three, the massive Federal Reserve monetary creation and market intervention program announced only three weeks ago. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 3 October, 2012
There never really could be much doubt that the current experiment in competitive global currency debasement would end in anything less than a total war. There was always a chance that one or more of the principal players would snap out of it, change course and save their citizenry from a never ending cycle of devaluation. But developments since September 13, when the U.S. Federal Reserve finally laid all its cards on the table and went "all in" on permanent quantitative easing, indicate that the brainwashing is widely established and will be difficult to break. Full Story
Patiently sitting on gold and silver as real assets in a perilous financial system is not only an insurance policy for a rainy day but a passport to untold riches if things go really wrong, and these days they seem to rarely go right. Think too, if you sold out now would you buy back at the bottom, or would you just sit on the sidelines and miss the next, far more powerful advance in precious metals? If you track the market down are you not more likely to stick with it? Full Story
The precious metals complex rebounded strongly in August and September, which is typical when the larger trend is bullish. We believe the larger trend turned bullish with the bottom in May. However, weeks ago we noted targets of $1800 for Gold and 57 for GDX as resistance points. The market has begun a corrective period which should last deep into October. Nevertheless, such a correction would provide an excellent entry point before the market makes its next move higher. Today we examine potential medium term and intermediate term targets for Gold and the gold stocks. Full Story
By: The Energy Report and John Stephenson - 3 October, 2012
Markets aren't great—but they're not all that bad, says John Stephenson, vice president of First Asset Management Inc. They were strong enough to allow the fund manager and newsletter writer to increase his portfolio's worth by 30% year-over-year. In this exclusive interview with The Energy Report, Stephenson offers his advice. Be nimble and buy and sell on your feet. Full Story
Considering the foregoing, it feels like U.S. stocks are in a very dangerous place, hovering all-too-patiently as they wait for “something” to goose stocks again. We can’t imagine what would set them a-surge, even though we’re on record with a prediction of a 1400-point rally in the Dow, to 14969. Every time we think too hard about this forecast, however, it feels like we’ve gone too far out on the limb. Full Story
Somewhere deep in the bowels of the world’s Western central banks lie vaults holding gargantuan piles of physical gold bars… or at least that’s what they all claim. The gold bars are part of their respective foreign currency reserves, which include all the usual fiat currencies like the dollar, the pound, the yen and the euro. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 October, 2012
A look at the gold market over the last few months shows that the pattern of price movements has changed from the traditional patterns. If you take the time factor out of charts on the gold price, the pattern of behavior becomes simple. It is a strong rise followed by a narrow, short consolidation pattern before a further move forward. This is unlike the saw tooth pattern we are used to as buyers and sellers reassess price prospects constantly, giving rise to more extended consolidation patterns over longer periods. Full Story
Mining executives met this week in a MINExpo convention in Las Vegas and the talk was mostly bullish. They heard Newmont CEO Richard O’Brien say that gold is presently trading more like a currency than a commodity. O'Brien told the audience that investment is the largest growing component of the gold market, currently comprising about 40% of demand. As more currencies weaken, such as the U.S. dollar and the Euro, O'Brien suggests the current bull market for gold will continue well into the future. Full Story
All financial eyes should be focused on the FOMC minutes release on Thursday, and the Employment Situation report on Friday. What is the main factor that will determine whether gold can surge over $1800 this week? The answer is the institutional money manager liquidity flows that occur in response to those two critical reports. Full Story
Action in the Precious Metals markets yesterday was VERY bearish and confirms our suspicion that an intermediate top may be forming that could lead to a brutal correction. Yes, yes, we know how bullish open-ended QE is for gold and silver and how the dollar is doomed etc, but so does everyone else – and the latest COTs show that both Large and Small Specs have thrown everything they have got at this uptrend, as we observed at the weekend. Full Story
I often refer back to my first publicly written article (FrankenMarket Lives, 2004) because it simply stated the terms by which the stock market lives here in the age of Inflation onDemand, which was kicked off by Alan Greenspan in 2001 and is ever more aggressively managed to this day by his successor, Ben Bernanke. Full Story
Given its #1 bellwether status, if Apple were to slog lower in the weeks ahead, or merely even churn sideways, it would surely exert a drag on the stock market as a whole. If Google shares were to turn mushy as well – heaven forbid! — it would add even more weight to the possibility that U.S. shares have made an important top. Full Story
By: Dr. Ron Paul, U.S. Congressman - 1 October, 2012
Last year the Chairman of the Federal Reserve told me that gold is not money, a position which central banks, governments, and mainstream economists have claimed is the consensus for decades. But lately there have been some high-profile defections from that consensus. As Forbes recently reported, the president of the Bundesbank (Germany's central bank) and two highly-respected analysts at Deutsche Bank have praised gold as good money. Full Story
There's a belief among certain economists – and the wider population – that if the government takes a more active role in the economy, the social outcome can be improved. Dr. Lacy Hunt, executive VP of Hoisington Investment Management Company (HIMCO), says it's a false belief… and he has proof to back it up. An unprecedented buildup of debt, he shows, can only lead to one outcome: a drop in Americans' standard of living. Full Story
By: Richard Daughty, The Mogambo Guru - 1 October, 2012
I put it off as long as I could, and as distasteful as it was, I finally broke it to the family that I was, alas, being forced to cut expenses, mostly because I don't have a job anymore, and will almost surely never get another one. Full Story
By: The Gold Report and John Kaiser - 1 October, 2012
Forget about juggling a basket of country risk in places like South Africa and South America. For his money, newsletter writer John Kaiser would rather take a chance on explorers in his own backyard of the Western U.S. based on millions of years of geology and some exciting new discovery methods. In this exclusive interview with The Gold Report, Kaiser outlines the trends in Nevada. Full Story
Clearly, the Fed wishes to keep stocks, the economy, and perceptions buoyant going into the election in order to get Obama re-elected. And although one cannot like the set-up for the stock market post-election given continued weakness in the real economy, earnings, and fiscal cliff considerations, at the same time we have now witnessed some very strong ‘buy signals’ in the precious metals sector, signals that should not be ignored. Full Story
No matter how convinced I may be that silver has been manipulated downward in price by JPMorgan’s concentrated and rapidly increasing short position in COMEX futures contracts; it is vital to explore why that may be wrong. Particularly with a conviction held for a long period of time, it is important to make sure I am not missing anything basic. The best way to do that is to listen closely to those who may disagree with the silver manipulation allegations. However, uncovering the arguments against a silver manipulation is not as easy as you might think. Full Story
After having previously been found outside of the United States, tungsten filled gold bars have now apparently been making the rounds in Manhattan. Tungsten is a relatively cheap and readily available metal compared to precious gold. Full Story
Some of the dust from Ben Bernanke’s “QE3” announcement on 13 September has settled. The Federal Reserve is now committed to spending $40 billion a month on agency mortgage-backed securities – an open-ended plan. It is also extending extremely low interest rates (together zero interest rate policy and Operation Twist) until mid-2015 by buying an extra $45bn of longer-term securities (mostly government debt though this is not explicitly stated). Full Story
The heavy contributors will receive something in return for their contributions. If you have NOT made a substantial investment in a Congressperson, Senator, or President, then I urge you to protect your remaining assets with inflation hedges such as gold, silver, and ETFs for gold, silver, oil, related stocks, other commodities, and anything that will benefit from the continued money printing announced on September 13 by the Federal Reserve. Full Story
If, on the other hand, Monday morning finds the dollar getting hit hard then I think we may see gold test $1900 before the next intermediate degree correction. In my opinion what happens Monday & Tuesday to the dollar index will probably set the stage for market direction over the next month and into the election. Full Story
Spain’s deflationary quagmire lies well beyond remedy at this point, dooming Europe’s bold but ill-conceived attempt to forge a political and economic union under a single currency. That Spain’s collapse is imminent should be obvious to all by now, as the country attempts to borrow its way back to prosperity amidst 25% unemployment, savage budget cuts and a flight of capital to banks in England, Germany and elsewhere. Full Story
Show Highlights: Headline news & the Market Weatherman Report. Host answers phone calls and email questions. Guests: Gerald Celente, Trends Research Institute John Lee CFA, Chairman and CEO, Prophecy Platinum Full Story
I can’t say as I’m surprised by the announcement late Friday that lobbyists representing JP Morgan, Goldman Sachs, and Morgan Stanley, among others, had successfully obtained a judgement quashing the proposed position limits on speculative traders in commodities. Full Story
By: John Mauldin, Millennium Wave Advisors - 30 September, 2012
For the past 80 years, we have created ever more sophisticated models of risk in the economic and investment worlds. With each new tool we create to measure risk, we seem to think we have somehow gained more control over our future. Paradoxically, we appear to believe that the more we understand risk, the more we can somehow control our exposure to it. The more we build elaborate models and see correlations between events and the performance of our investments and the economy, the more confident we become. Full Story
The daily timeframe is a picture of "Horizontal Development" in the Gold futures (see right hand side chart below zoomed in for six months). The highlighted blue "Rectangle" is a Mature Balance Area in Auction Market Theory. The balance area is a range of current value with the upper extreme being an "unfair high" and the lower extreme being an "unfair low" among market participants in a given timeframe. "Responsive" type traders fade this range. “Initiative” type traders are looking for the breakout into trend. The higher probability trade for either trade plan would be with the prior trend. Full Story
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