By: Peter Schiff, CEO of Euro Pacific Capital - 9 November, 2012
Now that President Obama has been re-elected, the media is finally free to focus on something besides the clueless undecided voters in Ohio, Florida, and Colorado. The brightest and shiniest object that has attracted its attention is the "fiscal cliff" that we are expected to drive over at the end of the year unless Congress and the President can agree to turn the wheel or apply the brakes. Full Story
By: The Gold Report and Vikas Ranjan - 9 November, 2012
While the junior mining sector has not seen the benefits of higher gold prices, there is reason for optimism, says Vikas Ranjan, managing director and principal, Ubika Research. In this Gold Report interview, Ranjan lays out his case why juniors with quality projects should bump up. Full Story
Now that the untold billions have been spent trying to convince America that our leaders actually know what they’re doing, they’re going to get put to an early test, and a critical one at that. Looming large are two big issues: the debt ceiling (again), and the ‘fiscal cliff’ automatic budget cuts. While they may seem like two separate issues, it all really ties together rather nicely into one big package that can be loosely labeled as yet another attempt to spend more than is brought in and at the same time justify it. Full Story
Spain's debt is piling up at the short end. In a video recorded earlier this year, BullionVault founder Paul Tustain likens this phenomenon to a train wreck in the bond markets, with government debt piling up against the buffers until that government is either forced to default, or a devaluation of the debt is orchestrated with central bank assistance – for example with interest rates held below inflation for a sustained period. Full Story
By: Adam Hamilton, Zeal Intelligence - 9 November, 2012
Well, Americans voted and the winner is inflation. Half our voting populace inexplicably decided to award a second term to Obama. Four more years of mind-boggling record deficits and record national debt growth! Obama’s Administration spent roughly 50% more than the government took in, which can essentially only be financed in two ways. Borrowing from foreigners and running the printing presses. Full Story
October could be aptly named the month of corrections, as these seem to have been prevalent – at least in the precious metals sector. They are usually perceived as something bad and unwanted, yet people often forget that they create excellent buying opportunities in the bull market. Full Story
Capital inputs account for about half the total costs in mining production - the average for the economy as a whole is 21 per cent. Obviously many of the costs, once incurred, cannot be recovered by sale or transfer of the fixed assets. Full Story
Most futures traders have learned to accept or pay cash in exchange for rolling their futures contracts out when delivery approaches. Just about everybody now knows that physical delivery cannot actually happen in the silver market. Full Story
We are at a ‘W’ bottom that formed with a lower right side of the ‘W’ while MACD (along with other indicators not shown) made a weekly bullish divergence. That’s good, but more needs to be done. The green shaded area shows the middle of the ‘W’ that should hold as support as the ratio bull flags with a downward biased consolidation. Yet this is really not a great looking picture as the moving averages have turned down more noticeably than at any point in the bull market out of 2000 thus far. Full Story
I attended this year's New Orleans Investment Conference along with Doug Casey, Marin Katusa, and Casey Research's CEO, Olivier Garret. It was fun to see many old friends among the attendees and other speakers, but the most interesting thing was an experiment I conducted as part of my speech. Full Story
There are many commonly accepted Indicators essential to successful Investing in countries other than one’s own. They include political stability, Reasonable and Enforceable Rules of Law, Reasonable Transparency and a positive Pro-Business Climate. But perhaps the Most Important Indicator – the degree of Self-Reliance of those nations and individuals in those Nations is not well recognized. Full Story
There are many predictions for the price of silver. Some say it will crash to nearly $20, and others proclaim $100 by the end of 2012. The problem is that some predictions are only wishful thinking, others are obvious disinformation designed to scare investors away from silver, and many are not grounded in hard data and clear analysis. Other analysis is excellent, but both the process and analysis are difficult to understand. Is there an objective and rational method to project a future silver price that will make sense to most people? Full Story
By: Richard Daughty, The Mogambo Guru - 8 November, 2012
The horror of our economic situation is, for some weird reason, made even more terrifying on Halloween, when the little darlings from the neighborhood come to the door with their annual "Trick or Treat" tomfoolery, knowing that it is going to cost me money. Full Story
The Dow plunged 313 points yesterday, but don’t believe news media reports that it was the nearness of the “fiscal cliff” that caused the selloff. What spooked investors is a bigger picture that recognizes the economically catastrophic implications of a second Obama term. To be clear, there is nothing Romney could have done to avoid the deflationary Depression that lies ahead. However, a Romney presidency might have at least served as a reality check, delaying the onslaught of hard times for perhaps long enough to allow Americans to put their financial houses in order before austerity hits with the force of an earthquake, as it has in Europe. Full Story
The U.S. Presidential race is now behind us. And this morning the world woke up and realized that all the issues the election postponed now lie before us. Full Story
By: The Gold Report and Jay Taylor - 7 November, 2012
Rampant debt, credit deflation and impotent monetary policies are fueling a bull market for gold and gold equities according to Jay Taylor, editor and publisher of J. Taylor's Gold, Energy & Tech Stocks. Taylor shares his top investment themes with us in this Gold Report interview. Full Story
Alia iacta est! As networks projected an Obama victory, there was a sea of red: the dollar is down versus currencies and gold. As pundits will shift the focus on the fiscal cliff, the market appears firmly focused on what may be more relevant: an Obama win favors a continuation of the current easy money policy. Full Story
GOLD doesn't mind a bit of hope or change. It doesn't care about anything much, what with being just an inert metal and all. But those people who buy gold tend to fear for the future, and they fear the change it might bring. At the very least they are anxious. Gold offers insurance, whether to Western savers trying to second-guess interest rates or the stock market, or to Asian households suddenly able to make discretionary savings each month from their small, but growing income. Full Story
By: Peter Schiff, CEO of Euro Pacific Precious Metals - 7 November, 2012
If no one seems to care that the Titanic is filling with water, why not drill another hole in it? That seems to be the M.O. of the Bernanke Federal Reserve. After the announcement of QE3 (also dubbed "QE Infinity") created yet another round of media chatter about a recovery, the Fed's Open Market Committee has decided to push infinity a little bit further. The latest move involves the rolling over of long-term Treasuries purchased as part of Operation Twist, thereby more than doubling QE3 to a monthly influx of $85 billion in phony money starting in December. I call it "QE3 Plus" - now with more inflation! Full Story
The contrast in approach to central banking between the U.S. Federal Reserve (Fed) and the European Central Bank (ECB) is remarkable. ECB President Draghi has done more to lift market concerns with a targeted strategy than Bernanke’s blunt attempts. In announcing the Outright Monetary Transactions (OMT) program, Draghi not only shored up market concerns, but also forced upon European policy makers a pathway for a fiscal framework and centralized fiscal oversight. Full Story
A question that many are asking right now is what impact the Fed’s latest monetary policy action will have on the projected deflationary scenario for 2013-14. Specifically, market participants are wondering if the Fed’s monetary policy action will prevent deflation from running its course. Full Story
By: Steve Saville, The Speculative Investor - 7 November, 2012
There have been a few commodity booms over the past 200 years. Not one of these booms, including the one that unfolded over the past decade, was fueled by real economic growth or demographic changes or the rapid industrialisation of a country or region. They have all been fueled by monetary inflation. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 7 November, 2012
For years I have cautioned that changes in the ownership of gold held in the vaults of key central banks around the globe may not have been accurately reported. A report issued last month in Germany has once again brought these issues to the fore. In today's environment of rampant money creation and questioning of central bank activities, such uncertainty is bound to spark the curiosity of an increasing number of investors. Full Story
With President Obama safely back in the White House investors in precious metals can justly feel that the president’s promise that ‘the best is yet to come’ is aimed at them. For gold and silver outperformed every other asset class in his first term, and there is nothing like political continuity. Full Story
We summarized our previous commentary on gold and the US Presidential Elections by stating that based on Friday’s decline, it seems that the bottom in the precious metals sector might have just been reached. Based on today’s rally in gold and silver, it seems that it was really the case. Full Story
By: Eric Coffin, HRA Advisories - 6 November, 2012
The best case scenario for gold is a Greek/Spanish debt deal that unleashes ECB bond buying. In a rational world this would drive down the Euro. We’re not in one. HRA expects monetary expansion would lead to a higher euro thanks to relief buying. That would have traders going short Dollar and long gold. Full Story
On May 11, 2012, the US Bureau of Land Management (BLM) published proposed regulations governing "Oil and Gas; Well Stimulation, Including Hydraulic Fracturing, on Federal and Indian Lands." BLM is a latecomer to this party. Its belated meddling lacks practical or economic justification. Instead, the proposed BLM rule would drive oil and gas developers off federal and tribal lands. Complying with the rules is too complicated and costly. Producers can realize a much faster and much better return on their capital investment by developing oil and gas reserves on adjoining private lands. Full Story
In the world of technical analysis, assets can be in uptrends, downtrends, or sideways consolidations. Minor trends are typically 1-3 weeks long. In contrast, intermediate trends usually last for a number of months. Primary trends are the biggest trends of all, and they can continue for many years. Within this context, today I want to address the concept of a technical return line, and define the purpose it serves. Full Story
Although the eurozone crisis did not make it into the US presidential debate on foreign policy in October, Treasury Secretary Timothy Geithner did remark earlier in the month: "We are very worried about the risk of collapse in Europe." Indeed, he should be, for a collapse of the euro would not only send shockwaves through the already fragile world economy, but would also undermine America's own escape strategy of currency debasement. Full Story
Thus, they are struggling right now to crush the price of gold and silver at a time when all major global fiat paper currencies are right now at their most fragile point in history on their way to worthlessness. Again, we endorse neither the Republican or Democrat candidate in today’s US elections as we believe both candidates are awful choices, so we have presented the two charts above merely for your digestion, and interpret the charts as you may. Full Story
By: The Gold Report and Joe Foster - 5 November, 2012
The late summer rally in gold equities is the beginning of the outperformance that Joe Foster, portfolio manager of Van Eck International Investors Gold Fund, has been looking for. QE3 and other monetary policies will fuel both gold and gold equities. In the C-suite, more management attention to cost control, shareholder returns and return on capital will benefit both investors and the industry. Read more in this Gold Report interview. Full Story
As for tomorrow, it might make sense to start small and find a candidate or two who actually understands some of the things highlighted above and that the Constitution (there’s that bad word again) is the law of the land no matter what the media or anyone else says. It is the standard. And I can’t help but throw in the old adage that you’ve got to stand for something or you’ll fall for anything. Full Story
My father was a great guy. One of the most useful things he ever taught me centered on a catch phrase. It was “staying ahead of the game pays off.” You’ve probably heard this before. Perhaps your father would say this to you as well. When you look back at things like this it gives one a warm feeling. And no doubt it’s a great lesson in life – essentially espousing the message – be prepared. If we could only do this in more of our endeavors, our lives would undoubtedly be better. Full Story
By: John Mauldin, Millennium Wave Advisors - 5 November, 2012
In a few hours we will know the outcome of the US elections (hopefully without a repeat of 2000!). So, given that eventuality, why should we bother to explore the rather significant disparity in the models being used to create the polls to predict the outcome of the elections? Because doing so will help us understand why the models we use to predict the effects on our investments of market behavior and macroeconomics so often fail us, and why we should approach the use of such models with a full measure of wariness and skepticism. Yet, at the same time, we should understand when the models may actually be useful, and how to use them. Full Story
The precious metals complex had a great rebound at the end of the summer but is now in the midst of a correction. Recently we wrote that the correction was nearing an end. We believe that to be the case. A short-term bottom could occur sometime this week. However, the precious metals sector was unable to retain much of the very strong momentum it previously had. Thus, the metals and stocks will need some time to confirm support and generate positive momentum before they have a chance of breaking to new highs. That being said, we wanted to take a broader view and analyze the sector in its current context in comparison to the past. Full Story
Given that every single election in our lifetimes has been a sham between two candidates that serve the same money masters that want to destroy your livelihood and that of your family, why not save your time and energy by refusing to vote in an election in which your vote will not make one iota of difference towards America’s future but instead, choose to engage in an action that can? Take advantage of the bankers’ raid of the paper gold and silver futures markets last Friday and subsequent lower prices in gold and silver by visiting your local precious metals dealer instead of going to the polls tomorrow, and buy one troy ounce of physical gold and silver! Full Story
There are hundreds of predictions for the price of gold. Some say it will crash to nearly $1,000, and others proclaim $3,000 by the end of 2012. The problem is that some predictions are only wishful thinking, others are obvious disinformation designed to scare investors away from gold, and many are not grounded in hard data and clear analysis. Other analysis is excellent, but both the process and analysis are difficult to understand. Is there an objective and rational method to project a future gold price that will make sense to most people? Full Story
Show Highlights: Guest Interviews. Headline news & the Market Weatherman Report. Host answers phone calls and email questions. Guests: Bob Hoye, Institutional Investors Peter Schiff, Euro Pacific Full Story
Next week is a watershed for global politics with the US presidential election and the change of leadership in China at the Party Congress. There may not be a change of leadership in the US but the new faces in the Chinese politburo will want to make their mark. Full Story
If you aren't already in, Monday or Tuesday should represent an exceptional buying opportunity as gold moves into its final intermediate cycle bottom. Now that the 38% retracement has been breached I would look for a final exhaustion move to test the 50% level early next week as we move into the elections. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 4 November, 2012
Writing today for Resource Investor, Jeffrey Lewis of Silver-Coin-Investor.com notes the irony that even though we're "in the age of the LIBOR scandal, Financial Accounting Standards Board mark-to-market rule changes, high-frequency trading programs front-running retail investors, MF Global's dramatic demise, and Bernie Madoff's outrageous Ponzi scheme ... it continues to be taboo to even entertain the idea that the precious metals markets could actually be managed." Full Story
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