By: The Gold Report and David Galland - 5 April, 2013
The global demand for minerals is only going to continue to grow, and the role of precious metals is especially important given the complete lack of monetary and fiscal restraint on the part of the U.S. and other large governments. Full Story
Too many seniors put off serious consideration of how their generate income during retirement. And with interest rates being held down through 2015 and Social Security COLAs over the past three years of 0%, 0%, and 1.7%, it’s not like the government is helping much either. Dennis explains the importance of starting a plan now and even offers up his own. Full Story
Indeed, the Equities and Bond Markets have been riding The Big Kahuna of Fed, ECB, Bank of England (and now the Bank of Japan’s) Q.E. et al. for several Years Now. But for how much longer can Investors expect to ride these Market Boosting Central Bank Injections and other Interventions before Disaster strikes and the use of QE reveals itself to be clearly Counter Productive. Full Story
By: Adam Hamilton, Zeal Intelligence - 5 April, 2013
The US stock markets enjoyed an incredible first quarter, with the flagship S&P 500 stock index (SPX) surging 10.0%. New cyclical-bull highs were achieved on an amazing 3/7ths of all Q1’s trading days! But the most interesting one was certainly the last. On Q1’s final trading day, the SPX edged up to a new all-time record high. Though celebrated with great fanfare, adjusted for inflation it was far from a record. Full Story
Summing up, if we see a repeat of this week’s price declines, we will likely need to consider hedging long-term positions in gold. So far, no breakdown has been seen except for gold priced in Australian dollars and at the same time we have a breakout in case of gold priced in the Japanese yen. The medium and long-term outlooks remain bullish. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 5 April, 2013
There is no recovery, market highs are an illusion David Copperfield would be proud of. Not buying dead flowers, and instead looking at precious metals, should be on all our radar screens. Are preserving your purchasing power and the fact that gold and silver act as safe havens during times of turmoil on your radar screen? Full Story
There is an old saying that not all that glitters is gold -- as in the gold coins many of you have held in your hands. There is another kind of gold that inhabits the practical wisdom of the ages. In today's "go-get-'em," "read-it-and-forget-it" world of everyday web browsing, it can be a challenge to separate the run of the mill from the meaningful. It is with that thought in mind we offer this compendium of the rules and laws of finance and investment by long-time market analyst R.E. McMaster. Full Story
Most chartists use daily or weekly charts. Few look at monthly charts. I don’t know of anyone (myself included) who pays any attention to quarterly charts. We decided to take a look at the quarterly chart of the HUI gold bugs index. It is below and we note the two big downturns in the market. Also note the importance of 300 which has been support for the past seven years. Full Story
In this documentary we have tried to capture the thoughts and feelings of Cyprus residents after their bank accounts were frozen in March 2013. Full Story
The illusion of deposit safety continues to prevail among the population living in the United States, but does the Federal Deposit Insurance Corporation or FDIC offer a true guarantee for bank deposits? Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 5 April, 2013
Another day, another interview for your secretary/treasurer -- more preaching to the choir and maybe the stray bystander near the church door -- this time with Jessica Lau of Sprott Money News, who posed questions about the Western central bank gold price suppression scheme, the debacle in Cyprus, bitcoin, and a lot more. Full Story
By: Cambridge House International Inc. - 5 April, 2013
Cambridge House International is pleased to announce the attendance of famed Canadian entrepreneur and former Dragon’s Den sensation, W. Brett Wilson, at the upcoming Calgary Energy & Resource Investment Conference. Brett will be signing copies of his new book as well as supporting a group of young Canadian entrepreneurs exhibiting a company called 3twenty Solutions. Full Story
The propaganda has been thick over the last few years, especially since the US banking system suffered a fatal heart attack in September 2008. It has not recovered since, still insolvent, still wrecked, having returned a zombie center with a USTBond carry trade core and continued money laundering basement lifeline. The Jackass is tired beyond words, beyond description, of hearing that the Zero Percent Interest Policy is being kept as a stimulus measure to encourage continued economic recovery. It is neither a stimulant, nor is the USEconomy in recovery mode. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 April, 2013
Four investors with jobs outside the investment field are looking at what they should invest in so they can achieve a comfortable retirement. What should they consider when looking ahead? Full Story
The road to ruin is on plain display and the playbook is easily seen at this juncture. Let’s take a look at how that playbook will unfold. Contrary to popular outrage of the SOLUTION being IMPOSED it is the correct one once the insured depositors where PROTECTED. Full Story
Cambridge House International is pleased to announce the attendance of institutional energy fund advisor Josef Schachter, of Schachter Asset Management, at the Calgary Energy & Resource Investment Conference. Mr. Schachter’s keynote speech will be accompanied by a presenting panel of North America’s most influential energy analysts. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 4 April, 2013
In the video below, Peter Schiff demonstrates an innovative new bullion product out of the Valcambi Suisse mint: the CombiBar. It is a 50-gram gold bar that can be broken into 1-gram segments without any loss of material. Full Story
What currency is feared by the European Central Bank as a threat to fiat monetary institutions? What currency is cash like but digitally transmittable allowing for ultimate anonymity and global mobility? Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 4 April, 2013
This week, while economists should have been closely considering the implications of the actual bankruptcy of Stockton, California, they instead heaped scorn on the perceived ideological bankruptcy of David Stockman. In other words, Stockman trumped Stockton. Full Story
To give you an idea of how poorly gold is acting, when was the last time if ever you heard a country capable of launching nuclear weapons declare a state of war, threaten to use their weapons and not see gold blink? Gold has given up the entire premium it built concerning Cyprus and isn’t even giving the Korean conflict as much as a nod. Full Story
EXECUTIVE ORDER 6102, issued by US president Franklin Delano Roosevelt 80 years ago, on April 5th 1933, banned private gold ownership in the United States, forcing gold owners to take their bullion to a bank and exchange it for Dollars at the prevailing rate. Full Story
I guess it would not be an understatement to say that this has been a dramatic week. In the space of a couple of days, gold prices have fallen $42. It would not be a further understatement to say that it has probably shaken quite a number of people. If the weak hands were not out before they are probably out now. They could also be making a big mistake. Full Story
Japan is the ultimate basket case for monetization. The country buys its own bonds, stocks, ETFs, foreign bonds, even REITs. All in all, the country has spent over 20% of its GDP in QE… and its economy continues to slow. And yet, despite its complete, abject failure to produce any significant pick up in economy activity or employment via these policies, the Bank of Japan has decided to do EVEN MORE OF THEM. Full Story
Little doubt can remain we have arrived – arrived at the point of no return. Globalization, and the fiat currency debt based economies which the oligarchs (think high level bankers, politicians, and billionaires) and their bureaucracies have built increasingly centralized power structures on, are now stressed to the point constituencies must be distracted from the truth on a daily basis, as was the case in times of Bread and Circuses in ancient Rome, where games became a daily event at such venues as the great Colosseum, and Circus Maximus. Full Story
Doug, there is considerable disagreement over the significance of the Cyprus crisis. A lot of people are saying that it's just a flash in the pan; Cyprus is a small country, far off, and doesn't really matter. Other people are saying it's very significant. The European Central Bank took unprecedented steps. What do you think? Full Story
March and April 2013 may go down in history as the tipping point for the western financial system. We have already seen: Lehman Brothers and many other financial firms collapse. $700 Billion in TARP funds arranged by banking insiders for banking insiders at the expense of US taxpayers. Over $16 Trillion in bailouts, guarantees, swaps, and loans created by the Fed and given to various banks, nations, and other insiders. Full Story
If you are holding gold or precious metal mining shares your future is brighter than you may think. Even with all the obvious logical reasons to own these assets, there is another compelling reason to own precious metal mining shares. The current slow economic rebound in the United States and the persistent high levels of unemployment will not be solved by: 1) more government spending; or 2) printing more money. The reason is buried in the 1950-1975 time period. Full Story
By: The Gold Report and Kevin Campbell - 3 April, 2013
Haywood Securities Managing Director Kevin Campbell is concerned by all the negative talk about the state of junior mining. In this reaction to an interview in The Gold Report with B&D Capital consultant Don Mosher, Campbell outlines the fundamental demand for commodities behind his conviction that this is a temporary, albeit viscous, downturn and that the TSX Venture Exchange, the industry and the experienced web of service providers that have built up around it are here to stay. Full Story
By: The Gold Report and David Stockman - 3 April, 2013
In his new book, "The Great Deformation: The Corruption of Capitalism in America," David Stockman, former Republican U.S. Congressman and director of the Office of Management and Budget and a founding partner of Heartland Industrial Partners, levies blame for the dire straits of the global financial system on central bankers, economists and politicians of both parties. Full Story
By: Louis James, Chief Metals & Mining Investment Strategist - 3 April, 2013
Archimedes once said that if he had a lever long enough and a place to stand, he could move the world. Today, the half-Greek island of Cyprus appears to be the fulcrum, and the long arm of the EU may be the lever that heaves the entire world over the edge of the abyss. Full Story
Try as it may, the Federal Reserve can’t seem to patch all the holes in the leaky inner tube that is the U.S. economy. While Fed chief Bernanke is credited for pumping up the deflated tire since 2009, each time he succeeds in patching one hole another leak takes its place. While all eyes are on the soaring U.S. stock market and rebounding housing market, few commentators have drawn attention to the remarkable weakness in the commodities market. Full Story
By: Simon Russell, GoldSeek.com Mining Analyst - 3 April, 2013
Prophecy Platinum (NKL: TSX-V, PNIKF: OTCQX) is a Canadian-based PGM-Ni-Cu company that is focused on developing their district-scale Wellgreen project in the Yukon and fully permitted Shakespeare mine in Ontario. The company is well positioned with respect to fundamental supply and demand changes in the PGM market, and recently appointed managers are helping their team expedite growth. Full Story
I recently released a video about the Internet-based currency, Bitcoin. I asked the question: is Bitcoin money? In brief, I said no it’s an irredeemable currency. This generated some controversy in the Bitcoin community. I took it for granted that everyone would agree that money had to be a tangible good, but it turns out that requirement is not obvious. This prompted me to write further about these concepts. Full Story
Because the long-term trend in gold is bullish, we should be willing to give it the benefit of the doubt under any circumstances. Technically speaking, it would take an “impulsive” rally on the hourly chart to turn us bullish again. At present, that would imply a swift thrust hitting 1612.90 within three or four days of any fleeting dip below the trendline. We’d lay three-to-one odds against it at the moment, but stranger things have happened. Full Story
A deal has just been struck with Cyprus. However, it was not the deal that Cyprus saw other countries receive. This was not the deal received by Greece, Italy and Spain. There were no bailed out banks in the aftermath. There was no transfer of risk from over-levered banks to the taxpayers. The risk was pushed back onto the banks. Their equity was wiped out. Their bondholders were wiped out. Their uninsured depositors saw their accounts raided for additional liquidity. It wasn’t just that the rules of the game had changed, the game itself changed. Full Story
Two weeks ago we looked at the difference between gold ETF outflows vs. physical gold purchases, and showed that most sales were coming from the former while aggressive buying was coming from the latter. This week we examined the same data for silver – and discovered a rather striking trend. Not only are silver ETFs seeing no net outflows, their holdings are increasing. Bearish investors who treat the two precious metals as being the same, interchangeable thing, and sell silver along with gold are at risk of missing the boat. Full Story
When Rick Rule pairs lower grades, labor strife and inefficient mines with the relentless demand for platinum and palladium, his result is an investment thesis that could pay off for bullion and equity investors. In his Metals Report interview, the founder and chairman of Sprott Global Resource Investments Ltd. compares the current platinum and palladium space to the uranium sector 10 years ago, and predicts handsome returns for investors willing to shoulder the risk. Full Story
We ended almost every one of nearly 100 webinars in 2011 with "Don't Worry, They'll Print the Money". This is how confident my Co-Host, Ty Andros and I were that the global central banks had no other recourse but monetization. We felt strongly that the western economies had passed the 'event horizon' and that the economic spiral was now inescapable. Full Story
All financial eyes should be focused on the BOJ (Bank of Japan) right now. Money managers are calling this week’s BOJ meeting, the most important one in many years. It’s likely to be a key factor in determining the next big move for the price of gold. Key market players expect Governor Kuroda to imitate Ben Bernanke’s actions, and begin buying longer maturity bonds, and more of them, with electronically printed yen. Full Story
I have always been fascinated by what motivates people. What motivates Tiger Woods to pursue the goal of being the world’s greatest golfer? What’s the motivation driving Warren Buffett to continue purchasing companies instead of retiring in Tahiti? Or how about the motivation behind the trucks allegedly packed with euros parked in front of the Central Bank in Nicosia? Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 2 April, 2013
The news of the month comes from the large Mediterranean island of Cyprus, where Keynesian economic planning left the economy facing complete bankruptcy. The result was an unprecedented step forward in the financial collapse of the West: direct forfeiture of bank deposits. Despite official protestations to the contrary, this fallout will spread to a bank near you. Full Story
By: Axel Merk & Yuan Fang, Merk Investments - 2 April, 2013
Unsustainable debt. Depression-era fiscal policy. Monetary madness. Welcome to Japan. You may not live or invest in Japan, but your investments may well be affected by what is unfolding in the Land of the Rising Sun. Be prepared. Japan’s government has vowed to end deflation by pursuing both depression-era fiscal policy and aggressive monetary policy. We recently analyzed implications of Japan’s planned fiscal policies for the yen (see “How Low Will the Yen Go: Depression-Era Policies”). Since then, Bank of Japan’s (BOJ) new governor Haruhiko Kuroda has warned Japan’s debt is not sustainable. Full Story
By: The Gold Report and Jeb Handwerger - 2 April, 2013
Investors unsure of which way to turn in this market need only watch the "smart money," says Jeb Handwerger, the editor and publisher of GoldStockTrades.com. Billionaires like John Paulson and Carlos Slim are plucking up mining investments on the cheap. In this interview with The Gold Report, Handwerger shares his thoughts on “smart money’ and recent economic events. Full Story
An unstoppable sequence of events has been put into motion finally. The pressure has been building for months. Some themes are plainly evident, except to those who wear rose colored glasses in the US Dome of Perception. The USTreasury Bond will be brought home to the US and British banks, where it will choke its bankers, then be devalued for survival reasons, after a painful isolation. The Chinese and Russians will conspire to finance the Eurasian Trade Zone corridor foundation with USTBonds, held in reserve, put to usage. The British will play a very unusual role, selling out the United States in order to be squires to the Eastern Duo. The process has begun; it cannot be stopped. Full Story
Dennis makes the case that for many retirees it makes sense to start receiving Social Security payments at age 62 rather than waiting until full retirement age or even longer. But it depends on how long you think you might live and how much you trust the government. Full Story
By: Peter Schiff, CEO of Euro Pacific Capital - 1 April, 2013
After selling off an astounding 56% between October of 2007 and March 2009, the S&P 500 has staged a rally for the ages, surging 120% and recovering all of its lost ground too. This stunning turnaround certainly qualifies as one of the more memorable, and unusual, stock market rallies in history. The problem is that the rally has been underwritten by the Federal Reserve's unconventional monetary policies But for some reason, this belief has not weakened the celebration. Full Story
The March headline seasonally adjusted aggregate Manufacturing Purchasing Managers Index reading of 51.3 was substantially worse than the consensus expectation of 54, reversing the trend of the professional econoquacks underestimating the economy. Last week they overestimated the improvement in weekly unemployment claims, so they’ve now gone from being too pessimistic most of the time to apparently being too optimistic. Full Story
By: Jeff Berwick, The Dollar Vigilante - 1 April, 2013
Rest easy, Canadians, for your bank accounts are going to be made as safe as those bank accounts in Cyprus. Just take a look at the Canadian government's budget plan for 2013, particularly pages 144 and 145 of Economic Action Plan 2013. There the Canadian government promises to use Canadian deposits to save "systematicaly important" banks (emphasis ours). Full Story
Almost certainly prices for goods in Cyprus will rise as a result of its banking crisis, because the imposition of capital controls will restrict imports, leading to supply bottlenecks. In addition residents will no longer be complacent about keeping money on deposit, but seek other alternatives. Large depositors may be trapped, but smaller local depositors will draw them down for cash to stock up on things needed tomorrow while they are available. Full Story
Some people believe that by imposing losses on investors and reducing the Cyprus banking system liabilities, the European powers have addressed the problems in Cyprus (if harshly). Others think that it was just an unjust tax on depositors. I have written about the sequence of events. Cyprus banks borrowed money and bought Greek government bonds. Greece defaulted, imposing big losses on bondholders. Full Story
The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot banks invested heavily in Greek sovereign debt, and last summer's Greek debt restructuring resulted in losses equivalent to more than 25 percent of Cyprus' GDP. These banks then took their bad investments to the government, demanding a bailout from an already beleaguered Cypriot treasury. The government of Cyprus then turned to the European Union (EU) for a bailout. Full Story
When we discuss gold stocks we often refer to gold and silver stocks. Today we take a look at the silver stocks specifically. Below is a chart of our partially weighted producers index which contains 14 of the largest silver producers. We didn’t cherry pick the 14. We went down the list and that includes a handful of companies which have really struggled in recent years. Anyway, the 56% in the current cyclical bear is well in line with history. Previous downturns have been 51% and 49% and then 85% from 2007-2008. Full Story
One of Ron Paul’s great accomplishments is that the Federal Reserve faces more opposition today than ever before. Readers of this site will be familiar with the arguments: the Fed enjoys special government privileges; its interference with market interest rates gives rise to the boom-bust business cycle; it has undermined the value of the dollar; it creates moral hazard, since market participants know the money producer can bail them out; and it is unnecessary and at odds with a free market economy. Full Story
In today’s Chartology Report I would like to clear up a misconception about rising wedges and flags. I have gotten more negative e mails from folks that assure me there is no such thing as a bullish rising wedge or flag. I’m repeatedly told to go back to charting school to learn my lesson. These type patterns are missed by 95% of chartists because they supposedly don’t exist and if they do exist they can’t be trusted. Full Story
Depositors in the beleaguered Bank of Cyprus are now facing losses of 60 per cent on deposits over 100,000 euros as the Cyprus Government seems to have woken up to the fact that this is its last chance to steal money off these mainly foreign depositors. It’s an absolute travesty and a red letter day for European Union banks. Full Story
With the S&P closing the week out at all-time highs it’s hard not to be long it. Now we’re looking for a new all-time high print this coming week. We could be on the cusp of a major breakout which would propel stocks much higher all across the board and see some spectacular moves like we last saw in the late 90’s although I don’t think we have those catalysts quite in place yet. Full Story
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