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Weekly Archive

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 July, 2010

In its 2010 annual report, the Bank of International Settlements said that "gold, which the bank held in connection with gold swap operations, under which the bank exchanges currencies for physical gold," stands at 8,160.1 million in special drawing rights, equivalent to 346 tonnes this year, up from nil in 2009.” Apparently this amount has now climbed to 382 tonnes since the report was issued. Full Story

By: Adrian Ash, BullionVault - 9 July, 2010

But for Dollar investors, since this bull market began a decade ago, buying gold in July or August has only failed once to deliver a gain by year's-end. The 2008 low came at end-Oct. The rest of the time, Sept. worked like a starting gun for strong gains in gold. Full Story

By: Lorimer Wilson and Ronald-Peter Stöferle - 9 July, 2010

Many market participants and commentators are obviously having a hard time distinguishing between a bull market and a bubble. More and more articles are referring to the imminent burst of the “gold bubble” and to an alleged “crowded trade” but the facts quickly put such fear-mongering into perspective. Full Story

By: CNBC - 9 July, 2010

There is too much leverage in the non-physical gold market, according to Ben Davies, CEO of Hinde Capital. Davies considers the outlook for the price of gold. Full Story

By: Adam Hamilton, Zeal Intelligence LLC - 9 July, 2010

In today’s ever-more interrelated financial world, China’s stock-market action is growing increasingly influential everywhere else. As the globe spins, the results of each day’s stock trading in China often spill over into Europe and then the States to affect sentiment. This impact is universal, but especially pronounced in sectors China plays a major role in like commodities stocks. Full Story

By: Andy Sutton - 9 July, 2010

It has been 18 months now since the original piece of the same name. Quite a lot has happened in those 18 months, but we still have the zero-rate world and along with it all of the accompanying problems. One positive side for fixed-income style investors has been the ability to make nice capital gains on bonds. But how about those who are interested in monthly or quarterly income and don’t wish to trade in and out of traditional fixed income instruments? Full Story

By: Deepcaster - 9 July, 2010

The Vaunted Economic Recovery is a Delusion as recent development and data increasingly confirm. The U.S. Unemployed (21.6% of the Workforce per – see below) will likely not be getting an improved economy with enhanced job prospects any time soon. Full Story

By: Puru Saxena - 9 July, 2010

Today, the economic news is scary and investor sentiment is awful. Therefore, if you are a long-term investor, this is the time to be greedy. Remember, when it comes to investing, nervousness is your friend, comfort your enemy. Full Story

By: The Gold Report and Amir Arif - 9 July, 2010

Stifel & Nicholas Oil and Gas Analyst Amar Arif believes cheap natural gas prices shouldn’t keep you from making cash in the gas space. Arif says it’s all about companies with production growth in low-cost shale basins. "Find the companies that are in these low-cost basins so that you know they have a good margin, regardless of whether gas is forecast at $4, $5, or $6. . . Full Story

By: R. D. Bradshaw - 9 July, 2010

The Goldsmiths 148 discussed the present situation of a huge number of people, who in the last two years, are finding that they don’t have the money needed to live on and buy consumer goods. The main problem for many persons now is that the Rothschild Cabal imposed deflation and depression tactics are hurting people generally. Full Story

By: Richard Daughty, The Mogambo Guru - 9 July, 2010

A column by Ambrose Evans-Pritchard of The Telegraph, and appearing through, recently sported the headline “Time to shut down the US Federal Reserve?” Good question! If I were writing about this subject, of course, I would have opened my scathing condemnation of the Federal Reserve with, “Unfortunately, the time to shut down the Federal Reserve was long, long ago. Full Story

By: Rick Ackerman, Rick's Picks - 9 July, 2010

Stocks extended their rally for a third consecutive day, with computer-driven buying accounting for nearly all of the gains. How do we know this? Why, we read it in the Wall Street Journal: “This is a big vacation week,” noted one equity-desk veteran,” but the computers and servers are still cranking them out.” Full Story

By: Adrian Douglas - 8 July, 2010

As always, news of anything to do with the gold market is cloaked in secrecy, misinformation, and innuendo. What we can be sure of is that the BIS news is gold-friendly. Why? Because the BIS was intending to keep the matter secret. The BIS gold swaps were not announced but instead "discovered" by an analyst snooping around the BIS accounts. Full Story

By: Gordon T Long - 8 July, 2010

Both came to an end at the same time: the administration’s policy to Extend & Pretend has run out of time as has the patience of the US electorate with the government’s Keynesian economic policy responses. Desperate last gasp attempts are to be fully expected, but any chance of success is rapidly diminishing. Full Story

By: Daniel R. Amerman, CFA - 8 July, 2010

Let's talk about your retirement. You responsibly save for decades, your investments help the real economy of this country grow, and as a reward, you eventually reap the benefits of that economic growth in the form of a prosperous retirement. Wonderful theory. Full Story

By: John Downs - 8 July, 2010

Although China is not the biggest economy in the world by GDP, (it is third, after growing a remarkable 8.7 percent last year), its exports are increasingly seen as the needed lifeline for many shaky economies. But as China plots its future as the world's largest exporter, it must be of some concern to them that their top two clients (the US and EU) are broke. As a result, China knows that it will have to look beyond developed markets for continued growth. Full Story

By: Jeff Clark, Senior Editor, Casey’s Gold & Resource Report - 8 July, 2010

One of the big hints that gold stocks will be ready for take-off is when they stop following the broader markets and strictly track gold, particularly if the market falls and gold stocks don’t. We now have data showing this has just occurred. Full Story

By: Ira Epstein, The Linn Group - 8 July, 2010

As I see it the next big upcoming event in gold is whether or not market psychology stays in place to support gold prices given the sudden rally in stock indices yesterday and the continued rally in the Eurocurrency. Full Story

By: - 8 July, 2010 Radio Gold Nugget: Bill Murphy, Bob Hoye & Chris Waltzek Full Story

By: Peter Degraaf - 8 July, 2010

Judging by several E-mails I’ve received from anxious readers of my articles during the past few days, some of you are wondering if you should have ‘sold in May and gone away.’ Let’s look at a chart from last year and see if that strategy would have worked in 2009. Full Story

By: The Gold Report and Chen Lin - 8 July, 2010

Chen Lin is an independent investor living the dream. Since December 2002, he's turned slightly more than $5,000 into nearly $1M through value investing and exceptional market timing. Now he believes gold producer shares are poised for a breakout. Full Story

By: Richard Daughty, The Mogambo Guru - 8 July, 2010

At breakfast I told the kids that I was instituting some new austerity measures around here, and they became so insistent that I heard all about how this was going to “ruin” them and their stupid social lives that I did not have to tell them that I was going to use the money to buy silver, which would have sent them ballistic. Full Story

By: Rick Ackerman, Rick's Picks - 8 July, 2010

The Dow Industrials have rallied 367 points from Friday’s oversold lows, a feat that looks much less impressive when you consider that the blue chip average had lost 980 points in the preceding two weeks. Most of the frenetic buying over the last two days has been done by panicky bears who literally got caught short when stocks exploded on the opening bell Tuesday. Full Story

By: Jim Willie CB - 7 July, 2010

Time to awaken to a new dreadful reality. Just like autumn 2008, all over again, the stock market is breaking down in a powerful visible manner, after nothing was fixed with the vast financial structures but much money was spent. If only the USGovt had decided to address the problems instead of funding the myriad liquidity facilities, which by the way serve as a virtual banking system. If only the USGovt had decided to address the problems instead of funding the US Federal Reserve equity reserves, as in excess bank reserve lures. If only the USGovt had decided to address the problems instead of funding the bank preferred stock and bank executive bonuses. If only... Full Story

By: Rob Hera and Rick Rule - 7 July, 2010

The Hera Research Newsletter (HRN) is pleased to present the following, information-packed interview with Rick Rule, founder of Global Resource Investments, Ltd. Mr. Rule discusses conventional oil and gas, oil shale, shale gas, oil sands, heavy crude, peak oil and alternative energy, with particular emphasis on geothermal power. Full Story

By: Adrian Ash, BullionVault - 7 July, 2010

DID YOU HEAR about the giant gold coin auctioned in Austria late last month? Of course you did – courtesy of Bloomberg if not CBS, the Daily Mail, BBC, BusinessWeek, USAToday, France24, Vancouver Sun, Wall Street Journal, Financial Times, Daily Telegraph, San Fran' Chronicle, Khaleej Times or The Australian... Full Story

By: Moses Kim - 7 July, 2010

As expected, right when everyone is leaning bearish, the markets rally. After all, when the New York Times runs a feature story on Robert Prechter and his 1,000 Dow doomsday scenario, you know that overall sentiment has turned overly bearish, at least in the short term. Full Story

By: Dr. Ron Paul, U.S. Congressman - 7 July, 2010

Last week I was pleased to see my Republican colleagues take up the cause to fully and completely audit the Federal Reserve by including my language from the Federal Reserve Transparency Act in a Motion to Recommit the financial regulation reform bill. Although this effort was defeated by the Democrat majority, there were many good reasons to support it. Full Story

By: Chris Powell, Secretary/Treasurer, GATA - 7 July, 2010

What can be made of this week's reports that the Bank for International Settlements has undertaken gold swaps with central banks, giving them dollars for their pawned gold? A few things have to be considered. First, the BIS apparently has been engaged in surreptitious manipulation of the gold market for a long time. Full Story

By: Bob Chapman, The International Forecaster - 7 July, 2010

Recently we were again witness to three gold market takedowns. The first was engineered just prior to and into gold and silver options expiration. Then prior to the ETF GLD gold option expiry and the last manipulative attack commenced just prior to the dreadful unemployment housing and inventory statistics. This sort of action began in 1988 with the signing of the Executive Order by President Ronald Reagan entitled the President’s Working Group on Financial Markets,” ostensibly created to neutralize events such as the October 1987 collapse of the US stock market. Full Story

By: William Poole, Senior Economic Adviser, Merk Investments - 7 July, 2010

The Greek sovereign debt crisis has grabbed global headlines over recent weeks, and has prompted the market to scrutinize other European sovereign debt situations more closely, especially those of Portugal, Spain, Ireland and Italy. Hungarian debt, too, has been a focus of attention. In such an environment, the U.S. debt markets have benefited, as has the U.S. dollar, as investors fled the perceived higher risk European sovereign nations for the perceived safety of the U.S. But does this dynamic reflect the underlying safety of the U.S.? Full Story

By: Dr. Jeffrey Lewis - 7 July, 2010

The Great Depression is a time that stands out as a time of great debate. During the Great Depression, FDR acted nearly exactly as we have in the Great Recession, expanding the size and scope of the government and pushing through new spending bills to incite economic activity. However, as the dust begins to settle from the first boom, investors are again looking for the bust. Full Story

By: Richard Daughty, The Mogambo Guru - 7 July, 2010

I did not hear it, but I read that Ben Bernanke, chairman of the satanic Federal Reserve, admitted that “Our nation’s fiscal position has deteriorated appreciably since the onset of the financial crisis and the recession.” Full Story

By: Dr. Jeffrey Lewis - 6 July, 2010

At the Fed, however, these bonds were sold at whatever price the banks printed on them as part of new mark to market rules. Therefore, the Fed essentially spent more than one trillion dollars to get less than one trillion dollars in assets. Knowing this fact, how can we ever expect that the Fed can bring just as many dollars out of the system as it added to it? You simply can't. All you can do is get ready for inflation. Full Story

By: Jordan Roy-Byrne, CMT - 6 July, 2010

Tell this to a baby boomer or a middle aged person and they would be quite skeptical. Their neighborhood financial advisor or planner doesn’t advocate Gold. It is too dangerous. It could drop to $500. Gold stocks? Hell no! After failing to get you out of stocks not once but twice in the last ten years, your advisor tells you its time to play it safe. You need to save more. Full Story

By: John Townsend - 6 July, 2010

Its mid afternoon Tuesday and the markets are selling off – still. It seems like it will never end. Big red candles on every chart I look. The VIX, the temperature gauge of fear, is rising again and the news headlines are filled with gut wrenching uncertainties about US Municipals, foreign countries that are characterized as ticking time bombs and opinion that we are headed for another Great Depression. Full Story

By: Bill Bonner, The Daily Reckoning - 6 July, 2010

Fortunately, (and here you see our Daily Reckoning sunny side coming through the clouds) a great correction is just what the country needs. Remember, you can’t make bad decisions good or make debts disappear. You have to work through them…write them off, pay them off, default, foreclose, Chapter 11 or Chapter 7. That’s what we have corrections for. Best to get on with it… Full Story

By: Richard Daughty, The Mogambo Guru - 6 July, 2010

People are always writing me and asking questions, which can usually be divided into one of two categories. The first category is the one that I call “Is there something wrong with you that you sound/look/appear so stupid/ugly/weird?” (Answer: “Probably”), and the other, smaller category is the one I call “Other.” Full Story

By: Stewart Thomson - 6 July, 2010

For the past 6 months or so, I’ve tried to show the gold community the blood-relative link between GOLD and FOOD. Here’s the wheat chart. It’s been a cornucopia of profits for those who bought into the lows. Full Story

By: Arnold Bock - 6 July, 2010

Gold, the precious metal most often thought of as money, is in short supply. In fact, the existing above ground horde is so small one has to question whether it is realistic to think of it as having a serious role as money in the future. The fact is there just isn’t enough of it and - once institutional and private investors realize that the supply is so disarmingly and alarmingly insignificant - prices are likely to go parabolic. Full Story

By: Roy Martens - 6 July, 2010

Five charts are analyzed. Full Story

By: Antal E. Fekete - 6 July, 2010

Milton Friedman’s theory of floating exchange rates, on which the international monetary system has been based since 1971, has given rise to a coercive regime in the sense that IMF statutes forbid member countries to stabilize the value of their currencies. A country attempting to do that is branded “a currency manipulator” and is threatened with trade sanctions. The prohibition is understandable. It is designed to protect the scheme whereby the dollar balances of the surplus countries are stealthily embezzled. It works as follows. Full Story

By: Clif Droke - 6 July, 2010

Worries over the fragility of the economic recovery continues to haunt investors and dominate the new headlines. The latest headlines point to a widespread expectation of a double-dip recession by later this year. The latest round of worries are focused on potential European debt troubles, soft unemployment numbers and the latest round of U.S. economic numbers that proved to be disappointing to investors. Full Story

By: Gene Arensberg - 6 July, 2010

We have been on the sidelines for a while now waiting for gold and silver to correct in summer thin trading, as it usually does this time of year. It took a little longer than we thought it might, but gold finally balked as the third quarter got underway. There were actually a number of harsh reversals happening simultaneously, so gold investors shouldn’t feel alone. Full Story

By: Merv Burak, CMT - 6 July, 2010

Feet on the stool, beer in hand I’m TV watching the Queen in Ottawa (it’s Canada’s birthday after all) how was I to know that gold was collapsing right before everyone’s eyes. Is this the end of the world as we know it? Not yet, Obama still has more work to do. Full Story

By: - The Gold and Silver Review - 5 July, 2010

1st Hour:

* Headline news & the Market Weatherman Report.
* Spotlight Stock Picks.
* Host Chris Waltzek & The International Forecaster discussion and listener's questions.

2nd Hour:

Steve Forbes: How Capital Will Save Us & Full Story

By: Bob Chapman, The International Forecaster - 5 July, 2010

Ten days ago we reported the most recent data on gold reserve holdings as presented by the World Gold Council, where we pointed out that Russia had purchased 27.6 tons of gold in the most recent reporting period, bringing its total to 668.6 tons. It appears Russia is only getting started. According to the latest IMF data, in the period between April and May, Russia added another 22.5 tons, bringing its May total to a fresh record of 703.1 tons. Russia "has added gold every month since at least February." At the same time, The International Monetary Fund’s gold holdings fell by 15.25 metric tons (490,286 ounces). "Reserves of gold at the IMF were 2,951.58 tons at the end of May compared with 2,966.83 tons at the end of April, data on the IMF’s website show." Good thing the world's bailout cop is doing all it can to keep gold prices low by transacting in the open market instead of in pre-negotiated transaction, This “is an indication that they will continue to sell the remaining 137.5 tons on-market as opposed to via off-market transactions with other central banks,” said Daniel Major, an analyst at Royal Bank of Scotland Group Plc in London. “Indeed the decline in gold sales from European central banks and purchases from India, Russia and China in recent years demonstrates gold’s growing popularity with central banks.” Well, all Central Banks except those that are printer happy of course, and are now loaded to the gills with toxic debt that will continue to impair their currencies until the bitter Keynesian end. Full Story

By: Howard S. Katz - 5 July, 2010

This past week was a scary time for gold bugs. But do not be afraid. I am going to look into the future and tell you what is next in the gold market. Last week we studied the art of speculation and concluded that speculation was a zero-sum game. For every dollar gained, there is a dollar lost. It is like the neighborhood poker game. At the end of the evening, the players as a group have the exact same amount of money they had at the beginning. However, this is not true of each individual player. The smarter players, who can foresee the future, will win. The other players will lose. Full Story

By: Peter Cooper, Arabian Money - 5 July, 2010

Now what does this mean for gold and silver? Deflation is not really the best environment for precious metals which are more usually seen as a hedge against deflation. In the 2008 market meltdown both gold and silver took a bashing, and fell 30 and 50 per cent respectively.

Will it be any different this time? Full Story

By: GoldMoney - 5 July, 2010

GoldMoney is a fast growing enterprise founded by James and Geoff Turk. As one of the world’s largest providers of physical bullion for retail investors, "GoldMoney" is combining 21st century technology with the world's oldest money: Gold. The company efficiently uses the internet to make the online purchase and the storage of gold, silver and platinum secure, convenient and economical. Residents of 85 countries can establish a GoldMoney Holding to build savings and secure their wealth by owning pure gold, silver and platinum with GoldMoney. All precious metals are insured and stored safely and conveniently for the investor in specialized bullion vaults in London, Zurich and Hong Kong. By performing regular audits GoldMoney constantly ensures and verifies the contents of their bullion vaults, thereby setting the industry standard for companies in this sector. Full Story

By: John Mauldin, Millennium Wave Advisors - 5 July, 2010

Some Really Dismal Numbers
Unemployment Went Down?
Earnings Take a Hit
Money Supply Concerns
A Central Banker's Nightmare
Why Don't You Reform Yourselves? Full Story

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