By: The Gold Report and Peter Grandich - 10 February, 2012
Peter Grandich believes that we're in the midst of a stealth gold bull market. Grandich, editor and publisher of The Grandich Letter, recently penned the book Confessions of a Wall Street Whiz Kid, the moniker "Good Morning America" gave to him after he predicted the Black Monday stock market crash in 1987. He's now predicting gold to top $2,350/oz in this exclusive interview with The Gold Report. Full Story
By: The Gold Report and Catherine Austin Fitts - 10 February, 2012
When money managers refer to total return funds, they're generally talking about investments that promise to deliver returns that beat the prevailing rate of interest while preserving capital. Investment advisor and Solari Report Publisher Catherine Austin Fitts takes the totality concept to a whole new level by focusing on net positive total returns. As she explains in this exclusive interview with The Gold Report, she hunts for companies that offer value not only to stockholders but for society. Full Story
By: Adam Hamilton, Zeal Intelligence - 10 February, 2012
The US stock markets have been on fire lately, still marching higher even after the S&P 500 powered to its best January in 15 years. Doubted from its very birth, this latest stock-market upleg continues to inexorably climb the proverbial Wall of Worry. But while bears keep on arguing for its imminent demise, today’s upleg actually still has plenty of room to run higher. Despite the naysayers, it isn’t too late to buy in yet. Full Story
“It was the best of times, it was the worst of times, it was the age of wisdom (for those who invest in gold) , it was the age of (central bank) foolishness, it was the epoch of belief (in Chinese growth) , it was the epoch of incredulity (in fiat money), it was the season of Light, it was the season of Darkness, it was the (Arab) spring of hope, it was the winter of (Syrian) despair.” Full Story
Indeed, the U.S. Department of Labor’s Employment Data is Bogus, as Deepcaster and John Williams of shadowstats.com (see below) and others have been pointing out for years. Real U.S. Unemployment is 22.5%. Full Story
After the first weekend of the Holiday shopping season, there were jubilant members of the mainstream press virtually jumping out of their skins at the news that holiday spending was looking strong. The initial counts showed an uptick in spending and that was all the MSM needed. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 10 February, 2012
Consumer confidence spiked last December. Gas prices were lower for the third straight month, a mild winter has meant that many consumers paid less to heat their houses, the auto sector posted another strong month, consumers spent more on recreation and demand for student loans increased. Full Story
This is an extremely challenging investment climate because the deflationary forces of private sector debt contraction are colliding with the policymakers’ inflationary efforts. During this recessionary, low-growth environment, asset prices have a natural tendency to deflate. However, this deflation is being countered by unprecedented monetary and fiscal policies. Thus, asset prices are gyrating wildly and there is no clear long-term outlook. Full Story
There is a science to market movements and various trends because human nature is consistent over time. Bear markets follow a pattern as do bull markets. In recent weeks we’ve noted the similarities between the past four equity bull markets. Full Story
It seems that silver is now just past point 12, and it has broken out at the blue downtrend line. If it follows the gold pattern exactly, it will move along in the channel formed by the two brown lines, just like gold did. If this happens, we could still wait a long time before the $50 level is challenged. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 10 February, 2012
Free markets in the monetary metals, markets that discipline governments and their currencies and protect individuals against expropriation, markets that enforce limited government, are GATA's objective, and we're not going to be mollified by 10 or 20 percent increases over the course of another year of "controlled retreat." To the contrary, we want to rout the bad guys, and that's likely to involve a lot more screaming that the markets are being "manipulated to death." Full Story
The journey to justice and truth is often long and arduous, but must never be abandoned. The alternative is to live a life lacking substance. But neither should the journey be unnecessarily prolonged. These things tend to creep up on you day by day, but we have passed the point of the CFTC taking too long for deciding if the silver market has been manipulated in price. Enough time has passed. Full Story
The dramatic rise in the price of precious metals — especially silver — in January was due in some part to the weakness in the U.S. Dollar, with both gold and silver rising from their near term lows seen at the end of December 2011. The inverse relationship in the valuation of the U.S. Dollar versus precious metals has continued to increase, with the U.S. Dollar approaching all-time lows against most major currencies, except against the Euro and the Pound Sterling. Full Story
In what can only be called comic timing, the President's latest State of the Union was scheduled back-to-back with the latest Fed policy meeting. One day, the President painted a rosy picture of a nation on the rebound, and the next, the Fed doused it in the bitter acid of economic reality - and proceeded to make an unprecedented pledge to keep rates near-zero for at least another two years! Gold immediately spiked to about $1,710 an ounce on the news. Full Story
Let me start by re-iterating that I am a secular permabull on physical precious metals, particularly Gold. When you're dealing with the end of the road for the current international monetary system (a la the 1930s and the 1970s), there's only one asset that is a complete no-brainer to own. As a hint, that asset is shiny and owned by every central bank in the world "just in case." Full Story
THERE IS an old saying: "Nobody rings a bell at the top or bottom of a market." Having said that, anyone reading about the stampede for gold during last month's Chinese New Year celebrations might have heard a faint ringing in their ears. Full Story
By: Rick Ackerman, Rick's Picks - 9 February, 2012
The financial world was on pins and needles Wednesday as it awaited Europe’s latest, quasi-momentous decision on the fate of Greece. The Greeks themselves, no fools, were a step ahead of the politicians and bankers, rioting in the streets. Many of them have probably imbibed enough austerity to last a lifetime. Keep tightening one’s belt a notch at a time and eventually you’re left with two bloody torso halves. Full Story
By: Ira Epstein, The Linn Group - 8 February, 2012
Currently gold is trading off events created by the ongoing Greece financial drama. Behind the scenes there’s the possibility of quantitative easing programs coming back into play, not only here in the US, but abroad as well. England may announce one as soon as tomorrow. Full Story
The interminable extension by the US Federal Reserve on the 0% rate into 2014 represents history in the making. It is the adoption of pure heresy in monetary policy, making it mainstream. Worse, it forces foreign central banks to adopt the same destructive policy in the Competing Currency War. Once upon a time, the highest priests from the central bank would admit in a guiding tone that accommodation on interest rates must be temporary. Nowadays it is engrained in the market mindset and permanent in monetary policy. The chronic 0% means the entire financial and monetary system is totally irreparably broken. Full Story
There are a number of reasons why many of us believe gold stocks will shoot for the moon before this bull market is over – they've done so many times in the past… the gold price still has a long way to climb… and producers are generating record revenue and profits. But I think there's another reason why gold stocks will soar – one that hasn't dawned on many in the industry yet. Full Story
By: The Gold Report, Greg Weldon and Grant Williams - 8 February, 2012
Preserving wealth in a volatile political and financial world is a job for gold. Greg Weldon, publisher of Weldon's Money Monitor newsletter and Grant Williams, a portfolio advisor at Vulpes Investment Management in Singapore, will share their insights at the Cambridge House California Investment Conference Feb. 11–12. In this exclusive interview with The Gold Report, they answer the question: How low and high can gold go? Full Story
The idea that the very same economic forces that are currently plaguing Greece, et al., are somehow not relevant to the United States' circumstances does not hold water. As goes the rest of the world, so goes the US. When we back up far enough, it is clear that money and debt are there to reflect and be in service to the production of real things by real people, not the other way around. With too much debt relative to production, it is the debt that will suffer. The same is true of money. Neither are magical substances; they are merely markers for real things. When they get out of balance with reality, they lose value, and sometimes even their entire meaning. Full Story
By: Rick Ackerman, Rick's Picks - 8 February, 2012
The stock market hasn’t been much fun to trade in a while, but that could change today as the broad averages approach some potentially important rally targets of ours. Want to know exactly where these targets lie but don’t subscribe? Click here for a free trial subscription that will give you access to our proprietary numbers. Full Story
My conclusion from the Fed's actions is that it doesn't care as much about its inflation target as it does about improving the unemployment rate. Thus, it will err on the side of letting inflation rise, if it would improve unemployment. But holding rates too low too long fueled the housing bubble. Repeating the same game will have consequences of malinvestment in the form of new bubbles in the economy. The Fed hopes to restore employment before the negative consequences of loose monetary policy show up. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 7 February, 2012
Mitt Romney has just rolled up back to back victories in the Nevada and Florida primaries, and his path to the Republican nomination looks to be inevitable. Republicans are mostly basing their voting decisions upon opinion polls showing Romney has the best chance of defeating President Barack Obama in the Nov 6th presidential election. According to the latest Gallup poll, both Obama and Romney have equal support of 48% of the US-electorate, and if correct, more than a billion dollars worth of campaign and PAC ads will swamp the media outlets, in order to try an influence the decisions of less than 5% of undecided voters. Full Story
While I may have a few minor concerns about the current emotional state of some gold market investors, I have absolutely no concerns about what I see on the gold chart. It’s a bullish work of art. Still, if you want to drive from Los Angeles to New York, I think we can all agree that you should consider stopping for gas, correct? Well, the gold price needs to stop for financial gas on its trip across “dollar country”, particularly when it has “driven” $240 uphill on the dollar price grid, and is preparing to blast above significant technical resistance. Full Story
We all know that numbers don’t lie. Numbers are objective. There is nothing that numbers do except represent some value. In this sense, mathematics is pure, and therefore reliable and repeatable. Mathematics is one of the foundations of science. Physics is nature expressed in numbers. The world has come to respect numbers. From ancient weights and measurements, to architecture, chemistry, astronomy, agriculture, engineering, trade and commerce, and many other human endeavors, numbers provide universal understanding of every aspect our existence on the planet. Full Story
By: Steve Saville, The Speculative Investor - 7 February, 2012
When reading stuff about the pros and cons of investing in gold we regularly come across two misguided assertions, the first being that changes in gold's price in terms of a currency do little more than offset changes in the currency's purchasing power. To put it another way, the first misguided assertion is that gold's purchasing power is roughly constant over time, meaning that changes in its price are almost solely due to changes in the purchasing power of the money in which the price is denominated. Full Story
By: Peter Schiff and James Rickards - 7 February, 2012
Though much has happened in the gold market this month - notably, a Fed pledge that has awakened the sleeping bull - we wanted to take a step back and shed some light on what is fundamentally driving the precious metals market today. A Wall Street pro named James Rickards recently released his first book, Currency Wars: The Making of the Next Global Crisis, and it's creating a buzz. Euro Pacific Precious Metals' CEO Peter Schiff often talks about competitive devaluation of currencies as the main driver behind our gold and silver investments. Recently, Peter sat down with James to get his perspective on what's behind these currency wars, and find out what he recommends investors do to preserve their wealth through this tumultuous time. Full Story
Those who are “extremely conservative” apparently find nothing objectionable to the existence of the IRS or the Federal Reserve System, or to the Department of Education that grinds out an increasingly groupthink, uncompetitive population of Americans. But, you say, conservative Republicans have been trying to get rid of the DoED since Carter created it, except for the neoconservative Bush II who expanded it with No Child Left Behind (NCLB). Full Story
By: Rick Ackerman, Rick's Picks - 7 February, 2012
It’s a sad time for America when a firm that does what Facebook does is on track to become one of our largest companies. Based on capitalization, the web-based lubricator of social interaction could be in the top 50 within a few years, or even in the top 25 if analysts’ wildest expectations pan out. Facebook’s IPO promises to top Google’s $27 billion offering, reaping early backers a giant windfall. But wouldn’t it be far better if a company that actually made something were to enjoy such extravagant enthusiasm on Wall Street? Facebook of course makes nothing, and what it sells is of little economic value to anyone. And yet its founder, Mark Zuckerberg, is about to become one of the wealthiest men in the world. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 February, 2012
Most central banks hold their nation’s gold in the vaults of the world’s leading financial centers’ central bank vaults. These include New York, London, and Canada among others. In a peaceful, cooperative world, this is sensible as one of the prime purposes of central banks holding gold is to cover the nation’s international trade payments when their own currency becomes unacceptable and their reserves of foreign exchange are depleted. By positioning the gold outside the country, it’s instantly accessible for payments or guarantees of payments. Full Story
By: The Gold Report and Byron King - 6 February, 2012
The market isn't rewarding fundamentals just yet for precious metal miners, according to Byron King, editor of Daily Resource Hunter, Outstanding Investments and Energy & Scarcity Investor. In this exclusive interview with The Gold Report, King maps out when rising gold prices will actually lead to rising stock prices for companies with quality projects and solid treasuries. Full Story
After prices fell 10 percent in December, many investors wondered if the bull market in gold was running out of steam. That was before Federal Reserve Chairman Ben Bernanke swooped in with a “red cape” and fired the bulls back up. Since the Fed reassured the world that interest rates will remain at “exceptionally low levels” for another two years, gold has jumped more than three percent. Full Story
Gold Stock Trades will not regale you with the growing presence of nuclear facilities throughout the world despite the German (EWG) and Japanese (FXY) negative stance. It is well known that reactors (NLR) are going to come online in increasing numbers and that uranium will be in rising demand. In fact, several reactors (PKN) are being built right here in the United States as well as all over the world. Full Story
By: John Browne, Senior Market Strategist at Euro Pacific Capital - 6 February, 2012
Recently, the stock market has been roaring, with the S&P 500 up a stunning 22% from October 3, 2011, which was the low of last year. In fact, the first month of 2012 has been one of the best Januaries on record for US stocks. On top of that, last Friday's better-than-expected jobs report seems to provide further evidence that we're turning a corner. Full Story
Speculating and investing in this sector is difficult. It is a far more difficult industry than others and that is why companies continue to struggle and fail even with the luxury of high metals prices. We’ve written extensively about the recent major bottom in the precious metals sector and the very positive outlook for the equities in 2012 and likely 2013. One can make money if they buy and hold a mutual fund or ETF but they can generate far superior performance with a basket of the right companies. The following explains what we look for in order to uncover the juniors that will deliver outstanding returns. Full Story
Friday's big rally on the better than expected employment report has now generated the kind of euphoria that often creates intermediate degree tops. This coming week will be the 18th week of the current intermediate cycle. As you can see in the chart below the intermediate cycle runs on average 18-25 weeks from trough to trough. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 6 February, 2012
Because of recurring interest in the issue, GATA has added an indexed page at its Internet site devoted to the possibility of government confiscation of gold and silver. The page is now the first listed in the "Articles" section in the left column of our home page. Full Story
By: Rick Ackerman, Rick's Picks - 6 February, 2012
As last week ended, one might have believed Wall Street investors had just about everything wrong. Stocks were up sharply on bullish payroll news that flatly contradicted something every American knows – i.e., that the Great Recession is still very much with us; T-bonds were getting whacked on the flimsy assumption that the economy is picking up strength; and gold and silver were under attack because, well, because all was right with the world. Full Story
The one hundred day moving average and the two hundred moving average in crude oil is converging. My experience is that whenever the 100 day MA and 200 day MA converge there are big one way moves. If they are held then most of the time there is a one way fifteen percent to twenty percent rise over the coming weeks and months and the reverse happens when they are not held. Full Story
Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. GUESTS: Harry S. Dent Jr., The Great Depression Ahead James Turk, GoldMoney.com Full Story
Selling pressure earlier in the week gave way to strong demand for equities as concerns over the European debt crisis have been moved to the backburner. Investors have instead been focusing on the improved U.S. economic and employment picture. Full Story
By: John Mauldin, Millennium Wave Advisors - 5 February, 2012
Everyone knows by now that the US is facing difficult choices. Depending on what assumptions you use, the unfunded liabilities of Social Security and Medicare are between $50 and $80 trillion and rising. It really doesn't matter, as there is no way that much money can be found, given the current system, even under the best of assumptions. Things not only must change, they will change. Either we will make the difficult choices or those changes will be forced by the market. And the longer we put off the difficult choices, the more painful the consequences. Full Story
By: Bob Chapman, The International Forecaster - 5 February, 2012
The creation of the euro zone may have given participants one currency, but it created other problems as well. One interest rate was supposed to fit all. Those sovereigns on the financial periphery of the 17 nations found low interest rates too good to be true. As a result, the borrowed funds they shouldn’t have borrowed to finance current debt, was thrown off by the economy. Full Story
Fed Chairmen often speak of "accommodation" as if it's the magic needed to solve economic problems. But what happens when the Fed “accommodates” us by increasing the stock of money? First, it reduces the value of the dollar. More dollars means each one buys less, putting upward pressure on prices. Technology and improvements in production tend to push prices downward, but because of inflation fewer people can afford admission to the market’s bounty. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 5 February, 2012
Video of GATA's two-day Gold Rush 2011 conference at the Savoy Hotel in London last August is now available in attractive boxed sets of four DVDs that include every presentation -- and all of them remain immensely relevant to today's market conditions. Full Story
Diamonds are not an investor’s best friend. The chart below gives a picture of price movements over the past five years. You can see that diamond prices are up 20-40 per cent from the lows of 2009 – a low that lasted more than two years – but compare that to gold and silver over the same period. Full Story
It was really another amazing week in a so far, great year. We had strong markets all around with many of the leading stocks that we trade in our swing trading portfolio up nicely and still looking for more and that has done wonder for our swing trading portfolio where we focus on leading stocks and use options generally to trade breakouts of solid chart patterns. Full Story
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