Gold, and the companies that produce it, have enjoyed a brisk runup of late, as the metal mounts yet another assault on the beckoning, symbolic $1,000 level. How much of this can be traced to what China has done, is doing, or may yet do? Full Story
By: The Gold Report and Axel Merk - 11 September, 2009
Having pioneered the currency asset class as head of Merk Investments, LLC, Axel Merk suggests that these times—with inflation looming, the U.S. dollar failing, equity markets remaining volatile and economic recovery stumbling—might call for investors to further diversify their portfolios with baskets of foreign currencies. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 11 September, 2009
Like a battering ram in a medieval siege, gold keeps hammering away at the gate. For the third time in less than twelve months, the yellow metal is once again crashing into the $1,000 per ounce level. As of press time, it looks like gold will close above that level today and will set a new record in the process. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 11 September, 2009
Last week when gold started flirting with $1000, the gold stocks caught a serious bid. On an impressive 3.8% 2-day gold rally, the flagship HUI unhedged gold-stock index rocketed 15.7% higher! And the volume in this index’s elite gold stocks was staggering those 2 days, 2.8x the 3-month average. Full Story
CASTING professional Seventies' Geordie James Bolam as Bank of America chief Ken Lewis was an inspired choice. This week's ridiculous BBC drama, The Last Days of Lehman Brothers, would scarcely be funnier without him. Full Story
“Opportunity knocks” in today’s Treacherous Markets, as it were; but not necessarily on the long side. Consider Gold. Among Investors at all attuned to Central Bank and Government Intervention in a variety of Markets, Cartel* Takedowns of Gold and Silver prices (and prices in other markets) are common knowledge. Full Story
Some time ago, GATA Secretary / Treasurer Chris Powell gave a speech titled, There are no markets anymore, just interventions. These sage words have stuck in my head. While Mr. Powell was specifically referencing manipulations in the precious metals markets, I am revisiting the concept as it relates to the crude oil market. Full Story
By: David Morgan, Silver Investor - 11 September, 2009
It seems more and more people are waking up to the fact that gold and silver are not only moving up but are also much safer investments currently than any other alternative. At the present time, I treat the commodity differently than I treat the underlining mining equities. As far as buying bullion or coins, basically I think investors should buy them at any time. Full Story
By: Daniel Aaronson and Lee Markowitz - 11 September, 2009
Many people believe that the taxes collected by Social Security are held in some form of a trust fund. As a result, people have been led to think that the issues discussed in the media regarding Social Security’s underfunding is the result of the aging American population. In actuality, the problem is that there is no money held by Social Security because the Government spends the surpluses as the Social Security Fund receives it. Full Story
This is a short video designed to illustrate how '2 Trades' vs. a 'Buy and Hold' strategy could have produced about 88 times better investment results over a 38 year period. This three minute video moves quickly, so watch closely. Full Story
The Goldsmiths 76 and others have discussed at length some of the things which can go wrong and bring about a loss of Rothschild Cabal control over the financial markets. Since 1913, the Cabal has slowly taken over control of almost all facets of American life—in the political, social, economic, and financial frameworks. Today, they have almost total control of the US. Full Story
By: Richard Daughty, The Mogambo Guru - 11 September, 2009
As one more bit of proof that the education system of the United States is a dysfunctional piece of liberal crap, how else to explain the fact the far-leftist moron Michael Moore actually got funding, which assumes an interested audience, for his latest movie, titled Capitalism: A Love Story, which, according to Reuters, “launches an all out attack on the capitalist system, arguing that it benefits the rich and condemns millions to poverty.” Hahaha! Full Story
By: Rick Ackerman, Rick's Picks - 11 September, 2009
We’ll know soon whether stocks are about to continue blithely higher, since the S&Ps are stealing up on an important Hidden Pivot target disseminated to Rick’s Picks subscribers a while back. Full Story
An acute lack of gold comprehension is evident almost on a global basis. The entire system is wedded to toxic paper. For the most part, so-called experts, industry analysts, and network anchors have absolutely no idea why gold has risen above the $1000 level. They are blind to the Paradigm Shift away from the USDollar and cannot admit the breakdown of the global monetary system. Full Story
According to an announcement dated September 8, 2009, Barrick is going to throw into the dustbin its long-standing hedge policy, and pay for buying back its hedge-book by diluting the value of its common stocks through issuing more than 81 million new shares, or about 10 percent of the outstanding. The so-called hedges of Barrick have been thoroughly discredited and will soon be history. Full Story
By: Bill Bonner, The Daily Reckoning - 10 September, 2009
Gold closed at $999 on Tuesday. Then, yesterday, it closed down $2. There’s a time to buy gold; and there’s a time to sell it. Which time is it? The question rose with the gold price itself. It needs an answer. Full Story
By: Gary Dorsch, Editor, - Global Money Trends - 10 September, 2009
Who says central bankers can’t inflate an economy to prosperity? To head-off the worst economic downturn since the Great Depression, the “Group-of-20” central banks have slashed interest rates to record lows, while politicians have funneled trillions into the coffers of the most powerful Oligarchic banks. So far, the cost of mopping up after the world financial crisis is a staggering $12-trillion, or equivalent to around a fifth of the world’s annual economic output. Full Story
Is it just bad luck that your retirement investments are currently worth much less than what you had been told to expect? Something nobody could have predicted? Or were there fundamental problems all along, that were ignored by many experts? Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 10 September, 2009
In the second quarter of 2008, when it became clear that bankrupted financial institutions would be bailed out by the federal government, gold did a funny thing. In the wake of a financial crisis of that magnitude, one normally would have expected asset prices, including gold, to plummet. Most observers expected the metal to dip from the $800 level down to $600, or below. Instead, gold held up well during the teeth of the crisis, and has recently increased to just over $1,000. Full Story
By: The Energy Report and Marin Katusa - 10 September, 2009
Back for another enlightening interview with The Energy Report, Marin Katusa, Chief Investment Strategist for Casey Research's Energy Division, shares some timely investing strategies for the ever-changing energy markets. Ultra-bullish on uranium, Marin foresees a great shakeout in the sector. Full Story
By: The Energy Report and Merrill McHenry - 10 September, 2009
Demand for lithium is on the rise, as hybrid car batteries and portable electronic devices often require rechargeable lithium batteries. Analyst Merrill McHenry, MBA, CFA, in this email interview, gives The Energy Report readers the lowdown on automakers racing to see how many cars they can get into the market, and the importance of project economics in looking at investment opportunities. Full Story
Could it be that the government is now in the driver's seat of the economy, having replaced the private sector? We certainly don’t believe it is the engine yet, but increasingly it has moved from being the backseat driver directing instructions intermittently, to taking over the steering wheel. Full Story
There have been many articles and stories written about the Barrick hedge closing announcement already, but I want to add one to the pile and try and surmise two possible outcomes. Full Story
By: Andrew Mickey, Q1 Publishing - 10 September, 2009
Insiders are dumping shares at record pace. So is it time to sell? After all, no one knows a company better than insiders. They see the day-to-day operations, the sales figures, expenses, and everything else. They know their business better than anyone else. Their business is what they do every day. Full Story
For some time now, the disparity between price increases for imported goods and price increases for domestic goods and services has been of great interest to me and, after working through all of the applicable Labor Department data on this subject, it quickly becomes clear that there is an interesting story to tell here about two very different types of U.S. inflation in recent years - domestic inflation and imported inflation. Full Story
You likely heard that the Central Bank Gold Agreement was extended by the signatory banks last month. This is the agreement where central banks around the world agree to limit sales and to do so in an orderly fashion so as to not disrupt prices... Full Story
In terms of seasonality, gold has moved to the upside, confirming that prices are following its historical pattern. In terms of another thrust up, the most likely time according the seasonal data I use has the September 11th-15th time frame as the target. This means from the current high of 1009.7 a small price correction is to be expected. Full Story
Talk is now circulating in financial quarters of a new “mini-bubble” in the making. Apparently the unbounded rise in the stock market is reviving fears of another collapse like the one suffered last year. Full Story
How to trade hot commodities like natural gas, oil and gold - We should see big moves in the coming weeks as gas bottoms, and oil & gold breakout or breakdown. A lot of money is going to be exchanging hands quickly and the key is to be on the receiving end of things. Below are some charts showing where these commodities are trading. Full Story
By: Richard Daughty, The Mogambo Guru - 10 September, 2009
If you want to know what kind of monetary morons we have in charge of the Federal Reserve, then you have come to the right place, because a record of sorts was set last week, in that the loathsome, disastrous Federal Reserve bought up – in the last 12 short months – $1.011 trillion in US government securities! Yikes! Full Story
By: Rick Ackerman, Rick's Picks - 10 September, 2009
With the G-20 meeting in Pittsburgh just two weeks off, we didn’t expect gold’s widely anticipated push past $1000 to be a piece of cake. Indeed, Bernanke & Friends are probably throwing everything they’ve got at gold right now to suppress its price. Full Story
By: Bill Bonner, The Daily Reckoning - 9 September, 2009
This recovery is wonderful in every way, except the important ones. It is like a shiny new airplane. It has glossy aluminum wings. It has plush seats in the first class section. Trim stewardesses serve drinks. Movies are available on demand in all sections. Full Story
By: Bob Chapman, The International Forecaster - 9 September, 2009
In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, who previously were not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason. Full Story
SO YOU GET BACK after Labor Day as summer ends, and what do you find...? Deposit accounts are still paying zero, the stock-market's trading way above its average price-earnings ratio, housing could have another 15% to fall before finding rock bottom, and central bankers would be drowning in ink if they didn't use photons to create money instead. Full Story
Since sometime in 2006 we have had this theory of "The Coming Wave of Resource Nationalizations". The latter has an "s" to impress upon you that we are talking about all natural resources in all countries. Not literally, but we believe it will be a worldwide sweeping event encompassing all classes of natural resources. It sounds scary, yet it will be akin to a depression – it's merely a recession when your neighbor loses his job and will only turn into a depression when you lose yours. We also believe that this will be the Chapter One of what some call the (coming) "Resource Wars". Full Story
By: Llewellyn H. Rockwell, Jr. - 9 September, 2009
There is something affected, something not believable, something agitpropish, about all the cheers for the glorious economic recovery we are experiencing. Some of its biggest boosters don't even quite believe it. Full Story
The FRN$, the world’s reserve currency, has no definition and the quantitative easing will fail. After all, what is a dollar? Because there is no definition therefore it is impossible to perform accurate, or even semi-acccurate, calculations of value using this tool. Consequently, other key ratios ought to be used to hone in and focus on value. Full Story
By: David Coffin and Eric Coffin - 9 September, 2009
Few are convinced they can read a direction for the broader markets. China is applying breaks to its lose debt conditions, but it may take a few months before that impact is seen. The one market where caution seems to be abating is that for precious metals. Full Story
By: Richard Daughty, The Mogambo Guru - 9 September, 2009
The Economist magazine, in a column wryly titled “Pangloss Revisited”, notes that “The average deficit over the next decade in now expect to be 5.1% of GDP, compared with an average of 4% in the original budget”, and that even in the last year of the forecast, 2019, the budget deficit is supposed to be 5% of GDP! Wow! Full Story
By: Rick Ackerman, Rick's Picks - 9 September, 2009
Yesterday morning, an hour into the new trading week, we covered a small short position in the Diamonds, booking a loss of $92 on some September put options. This speculative bet, initiated on the closing bell Friday, was inspired by a hunch that if Mr. Market really wanted to catch investors with their pants down, the Tuesday after Labor Day would be a perfect time to do it. Full Story
By: Bill Bonner, The Daily Reckoning - 8 September, 2009
Clowns to the left of us…jokers to the right… The Simpleton’s Analysis: Consumers cut back. The economy sank. Now, government must take action. It must help people out and take up the slack. Full Story
Have you thought of a good way to rate your analyst? There are currently over 300 financial analysts on the various financial websites, ready to share their wisdom with you and help you decide whether to buy, hold or sell. Full Story
Gold has had an amazing run for a week, and on Tuesday morning (9/8) at HK market around 2-3am EST, Gold finally broke $1,000 again, an important key resistance level. It seems that the monthly chart has given a better resistance and support levels than the daily or weekly chart, from a long term perspective. Full Story
By: Andrew Mickey and John Embry - 8 September, 2009
Thanks for joining us today John. A lot has happened since we last talked in February. Basically, it looks like almost everything we looked at last time - gold, silver, agriculture, and other hard assets – continue to be out of favor. There have been “gold shoots,” but nothing really sustainable. That’s why, today, I want to get into a few more specific topics with you. Full Story
Right now gold is poised at the $1,000 mark. It came up to this point in March 2008 and again in Feb. 2009. In both these cases, I recommended selling for the near term and standing aside. But this time is the charm. Who are you going to believe, the people who have been lying to you since 1933 and have been wrong on every major economic event or the people who have hit the nail on the head again and again? Full Story
The first section of the first chapter in The Great Credit Contraction addresses the conflicting definitions of money and currency. If one does not have a correct understanding of money and currency then they will have flawed conclusions regarding inflation or deflation. This will lead to inaccuracies when performing mental calculations of value and result in poorly allocated capital. Full Story
Gold prices sprinted past the $1,000 an ounce mark this morning, and silver climbed even faster to approach $17. But this might also be taken as a warning that investors are about to shift out of stocks which are looking very overbought. Full Story
By: Steven Saville, Speculative Investor - 8 September, 2009
China's government follows a mercantilist trade policy, meaning that it attempts to manipulate international trade -- via tariffs, subsidies, regulations and exchange rates -- in order to maximize the amount of money that flows into the country. This policy is unlikely to change anytime soon. Full Story
The market is entering a very different phase. As the run on the Bank of the Gold Cartel gathers pace, the price moves are going to shock even the most bullish. The usual shenanigans of the cartel to turn the market down by selling a blizzard of paper future gold promises will be impotent against a marauding crowd of investors hungry for real gold. Full Story
Gold has broken out of its large Symmetrical Triangle to the upside, and is now in position for "the big one" - the breakout above the wall of resistance approaching last year's highs in the $1030 area. However, those who are expecting it to accomplish this immediately are likely to be disappointed as its short-term overbought status and especially silver's critically overbought condition and very high Commercial short position are pointing to an imminent reaction, although this reaction should present a great buying opportunity ahead of the major breakout. Full Story
I hope everyone enjoyed the weekend! Gold is once again the hot commodity, as the price rises to the $1000 per ounce level. This $1000 - $1033 is a technical pivot point for gold. One of two things is going to take place in the coming weeks. Full Story
It was a blockbuster summer for the bulls on Wall Street but September is historically the market’s worst-performing month and already as the month has just began we’ve begun to see some sharp pullbacks. Interestingly enough, on the flip side of the coin, September is historically the best month for gold. Full Story
By: Bob Chapman, The International Forecaster - 8 September, 2009
Planned job cuts by US employers fell to 76,456 in August, down 21% from 97,373 in July says, Challenger, Gray & Christmas. Although job cuts slowed they are up 1.07 million from January through August - 60% higher yoy. Full Story
Does it make you confident that not only the US, but global authorities will do and say anything to keep hope alive? To keep 'the rally' alive? It's only currency after all, and it's global. Full Story
I get comments and questions from people who don't understand why Gold is money and don't understand why it has any value other than as jewelry. The two most important functions of money in my opinion is that is function as a unit of exchange and a store of value. Money should also be durable, portable, divisible, acceptable, uniform and in limited supply to function effectively. Full Story
By: John Mauldin, Millennium Wave Advisors - 8 September, 2009
As every school child knows, water is formed by the two elements of hydrogen and oxygen in a very simple formula we all know as H2O. Today we start a series that starts with the question, What are the elements that comprise deflation? Far from being simple, the "equation" for deflation is as complex as that of DNA. Full Story
Gold and silver are on the verge of breaking out to the upside right on schedule. It is going to be a tumultuous fall and the precious metals and their related equities will be the beneficiary. Full Story
The week started slow, ended slow but the middle was a blast. With a long week-end ahead one is brave to try and predict what the next trading day will bring. So, the best we can do is to determine where we are. Full Story
Wallace, Idaho – This question rolled around our post-midnight table at the Smoke House in Wallace in July of 2003. What if we held a Silver Summit and somebody actually showed up? Full Story
By: Richard Daughty, The Mogambo Guru - 8 September, 2009
Roger Wiegand of Trader Tracks Newsletter finally says what I always figured: “Cash for Clunkers was a real clunker. One out of four auto buyers using this program is having buyer’s remorse as they just signed-up for so many new payments they cannot afford.” Full Story
By: Rick Ackerman, Rick's Picks - 8 September, 2009
Recently, I told the story here of Louis Piro, a Mountain View barber who made millions by plowing every dollar he could save into the shares of growing companies that paid generous dividends. Following is another uncharacteristically bullish column that I wrote for the Sunday San Francisco Examiner around that time, in the late 1990s. Full Story
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