BACK in 2009 when Barack Obama received the Nobel Peace Prize just nine months after becoming US president, he said he felt "surprised" and "deeply humbled". No such shock and awe today for the European Union's unelected leaders, of course. Self-assurance and pride are now the EU's hallmarks, at least at the executive level. But its shiny new Nobel Peace Prize risks just the same historical irony. Full Story
By: Terry Coxon, Casey Research - 12 October, 2012
Absent the state's involvement in the workings of the marketplace, an investor's central task would be to evaluate companies for their ability to efficiently produce and market what customers want. Shrewdness at that one task would lead to the profits investors are looking for. And there would be other consequences. Full Story
By: Adam Hamilton, Zeal Intelligence - 12 October, 2012
After surging sharply in August and early September, gold stocks have been consolidating sideways ever since. Naturally this loss of momentum has sapped the nascent trader enthusiasm for this sector. But stalling out temporarily certainly doesn’t negate gold stocks’ dazzling fundamentals. They remain deeply undervalued relative to gold, the metal that drives their profits and hence ultimately their stock prices. Full Story
With the pop from the USFed’s latest attempt at financial shock and awe already seeping from lackluster markets, and the teleprompter news networks losing steam over their promotion of the same, it is time to take a look back at the decisions made on 9/13/2012 and set the record straight on some things. Full Story
Jack Welch’s Intuition – that the Official Numbers from the Bureau of Labor Statistics are Bogus -- is correct (as we demonstrate below). The Real U.S. Unemployment Rate is 22.8% per shadowstats.com. Full Story
With less than three months left until the end of the year, let’s do a quick recap. Silver may not be as shiny as gold, but it has been no pushover to the yellow metal. So far in 2012, silver has been the top performing precious metal with a gain of nearly 24 percent. The gold/silver ratio, the number of ounces of silver needed to buy one ounce of gold, fell below 52.0, from closer to 52.5 earlier this week, reflecting silver's outperformance relative to gold. Full Story
You will recall that heading into the global financial crisis, corporations and households in the developed world were leveraged to the hilt. During the pre-crisis era, debt was considered a birth right and for decades, the private-sector leveraged its balance-sheet. Unfortunately, when the US housing market peaked and Lehman went bust, asset values plummeted but the liabilities remain unchanged. Thus, for the first time in their lives, people in the developed world experienced the wrath of excessive leverage. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 12 October, 2012
Copper is critical for China and the country has imported unbelievable tonnages over the years, but according to the copper bears the story could be coming to an end. Full Story
Beneath a façade of tedious price action, U.S. stocks appear to be weakening by the hour. Yesterday, for instance, the Dow couldn’t even muster a 100-point boost on news that jobless claims had fallen by 30,000 in the week ended October 6. Earlier this year, before our perennially recovering economy encountered some stiff recessionary headwinds, that stat would have been worth at least 150 Dow points on the opening. Full Story
In the wake of the Fed’s announcement of open-ended or as I like to call it, permanent quantitative (QE) easing, mainstream advisors and pundits have found another way to promote stocks. Recently I heard one popular media pundit say based on QE buy stocks but not gold stocks. Also, pundits are instructing followers to buy Apple based on QE. What nonsense. Full Story
Since the breakdown out of the bear flag on the dollar index hasn't followed through, the odds now favor that the dollar has generated an intermediate degree bottom. First off this should be a countertrend move as I think the three year cycle has already topped. Based on the intermediate cycle count in the stock market the dollar probably doesn't have more than 3-4 weeks before this rally rolls over and begins another leg down. Full Story
I was hunkered down in the Mogambo Hunka Hunka Bunker (MHHB) after having worked myself into another panic about the inescapable inflationary terror that will surely follow the monstrous amounts of money being created by the corrupt Federal Reserve and other central banks, including the horrid International Monetary Fund. Full Story
By: The Gold Report and Roger Wiegand - 11 October, 2012
The major financial markets are dominated by large funds that behave like lemmings—follow the herd and suffer the consequences. Investors should not fall for the commonly held myth that all professionals have an edge over smaller institutional and individual investors. In this exclusive Gold Report interview, Roger Wiegand, editor of Trader Tracks Newsletter, discusses the criteria he uses to select the best mining and exploration companies. Full Story
Seeking refuge outside currency and outside debt, gold buyers helps push Gold Prices higher. So too – we fear – will voting for any political party in Europe, the UK or US this decade. Not voting won't save the Western economies either, of course. But rolling back state spending, and cutting back state deficits, is proving beyond the British Tories. It's proving too tough for even the International Monetary Fund. The top hats look ready to quit the field. Full Story
A fascinating look at the techniques and methods used to explore for silver and other precious metals. We look at prospecting, operating a drill rig and the various challenges involved with mineral exploration. Full Story
Is the Federal Reserve really doing such a bad job… or does it actually do exactly what it's supposed to do, but the average American is in the dark about what that is? In this explosive video, Casey Summit speaker G. Edward Griffin, author of The Creature from Jekyll Island, talks about the Fed's real role in the US economy and why – contrary to common belief – it is not this banking cartel's mission to act in the best interest of the American public. Full Story
Municipal bonds have long been viewed as a staple asset class for conservative, income-seeking investors. "Munis," as they are known, are a large, liquid market of credit-rated securities that provide tax-exempt (from Federal taxes) income to millions of American investors. Towns, school districts, and other public sector authorities across the country have issued an estimated $3.7 trillion dollars worth of these bonds. Full Story
Looking beyond the fiscal cliff, we are afraid the greenback may be at risk no matter who wins the election. We examine the risk to the U.S. dollar in the context of the likely policies pursued under either an Obama or Romney administration. Full Story
Over the years we have read many times that the Bank of Japan (BOJ) has rapidly inflated the supply of Yen. The 'pundits' who made such statements were obviously swayed by the numerous announcements of QE programs emanating from Japanese officialdom, but they should have done a little research rather than blindly assume that these QE programs led to large increases in the economy-wide Yen supply. Full Story
By: Rick Ackerman and John Skerencak - 10 October, 2012
In the guest commentary below, Rick's Picks forum regular John Skerencak (aka John Jay) says that although the U.S. economy is but a pale shadow of its former self, its powerful military and corrupt financial system are a dominant and provocative force throughout the world. Allied with Britain, America is reconquering the old Axis powers (plus France) so that the U.S. and U.K. can emerge from the rubble unchallenged for economic supremacy. RA Full Story
US corporations are sitting on more cash than at any point since World War 2. That's without including banks. I'm only talking about nonfinancial corporations – the ones that sell goods and services and make the economy go. Those businesses hold $1.4 trillion. In absolute terms, that's the most ever. In relative terms, it's the most since World War II. Full Story
Gold is the ultimate store of value. It has the tendency to stay strong in the face of inflation, uncertainty, or currency devaluation. As central banks continue to increase the money supply in today’s economic climate, investors continue to turn to gold as a safe haven for their investments. Full Story
This infographic covers silver’s meteoric increase and the factors that have led to silver’s exploding value. In short, it’s not speculation: silver is a commodity that’s being influenced by old-school supply and demand. We also take a nod to the future to see where silver’s price may be headed based on the most up to date demand data. Full Story
Greece is back in the news. Street demonstrations are in play today, and across the EU, the IMF predicts ongoing deflationary pressures. They are urging the ECB to keep rates low, for an extended period of time. Full Story
Summing up, we could still see another small decline in the USD Index followed by a bigger rally and then a continuation of the decline. There appears to be a good possibility for a correction in the precious metals sector when the USD moves higher again. Full Story
Bernanke and his Wall Street supporters see cheap money until the horizon - but that horizon is really a painted brick wall. So it's not QE-Infinity, it's QE until the Fed either recognizes the brick wall and slams on the brakes, or doesn't and crashes into it. Either way, the only way to get off this locomotive is to invest in hard assets. Full Story
The world’s central bank leaders continue to spike the monetary punch bowl, with investors imbibing on gold once again. This flurry of gold buying prompts many curious investors and doubting media to ask me two questions: 1) How can demand for gold and gold stocks continue; and 2) How high can the precious metal go? Full Story
The market is bullish, subject to a clearing of some of the more over done sentiment issues currently building in the precious metals and few other areas. One day the market will be ready to get bearish; perhaps really bearish. But with dumb money not yet heavily sponsoring the bull case by this metric at least, we can (can, there is no ‘will’ in the markets) go higher even and perhaps especially, if October presents some corrective activity to clear the sentiment profile. Full Story
By: The Gold Report and Jordan Roy-Byrne - 9 October, 2012
Even though the mining equity markets have been choppy and mostly sideways this year, Jordan Roy-Byrne, editor of The Daily Gold Premium newsletter, has managed to produce some enviable returns in his model portfolio. In this exclusive interview with The Gold Report, he tells us why he's now turning his attention to silver, which he expects will provide some exciting returns for producers and investors. He talks about how companies with cash and cash flow will be able to scoop up some great property deals from less-fortunate juniors. Full Story
By: Rick Ackerman and Erich Simon - 9 October, 2012
Erich Simon, author of jeremiad below, is a hard-core survivalist and the second most bearish person we know, out-doomsdayed only by a Nostradamian pen-pal who believes, for starters, that two World Wars will be fought within a generation. Although we shudder to imagine a world in which all of Erich’s predictions have come true, we do not think his fear is misplaced that Americans will awaken one morning to learn that the banks have closed indefinitely. Full Story
The unemployment number surprisingly dropped to 7.8% last Friday, and the shoot-from-the-hip crowd came out in force. To say that the jobs report was met with skepticism would be a serious understatement. The response that got the most immediate airplay was ex-GE CEO Jack Welch (who knows a few things about making a number say what you want it to say) tweeting, "Unbelievable job numbers ... these Chicago guys will do anything ... can't debate so change numbers." Full Story
By: The Gold Report and John Williams - 8 October, 2012
Shadowstats.com Author John Williams wonders if politics are at play behind the latest jobs report, which shows 114,000 new U.S. jobs since September and a 0.3% drop in unemployment since August. Investors need to know how seasonal factors and month-to-month volatility affect the Bureau of Labor Statistics' reports. In this exclusive interview with The Gold Report, Williams explains why he doubts that we are in a recovery. The take-away? Look at the unadjusted figures before you sell your gold. Full Story
Currently the “helicopter drops” are primarily fed into the reserves of the banks and to cover the increasing deficits between government expenses and revenues. There is no end to how many dollars the Federal Reserve can create. At the time of Bernanke’s speech, an ounce of gold was worth approximately $320. As of September 2012, that same ounce of gold is worth over $1,700. The gold has not changed, but the value of the dollar has declined. As more dollars are created or “dropped from helicopters,” all existing dollars become less valuable. We have been warned. Full Story
I make no apology for returning to the subject of China, its role in the Shanghai Cooperation Organisation, and gold. Gold is now a strategic metal for present and future SCO governments, which between them have over 40% of the world’s population; and now that the price of gold is re-establishing its rising trend, understanding its future role as a replacement for the US dollar is increasingly urgent, because gold is wealth and this wealth is being transferred from west to east. Full Story
It has been widely assumed across the markets that the forces of deflation have been vanquished by the Fed’s making it plain a couple of weeks ago that it is going to throw all of its firepower into the battle to defeat it. So let’s make this as clear as possible – the forces of deflation will not be defeated by anything until they done their work of expunging the massive overhang of debt from the system. The Fed’s latest stated policy is merely a display of desperation and a symptom of intellectual bankruptcy in that they seem to think that more of what created the problems in the first place is now going to somehow fix them. Full Story
Is it possible that the vaults of the world’s central banks, believed to be stacked with gold bullion, are really empty? Is all the gold actually there? Something about the numbers doesn’t seem to add up. The importance of the question accelerates in the face of global money-printing, which is also accelerating. Since the start of the economic meltdown five years ago, the balance sheets of the world’s central banks have been growing at a frantic pace. Full Story
What would the market for precious metals look like if we were approaching the top of this decade-long bull market? You would almost certainly see a price spike of some significance, say a doubling of prices in 12 months. Have we seen anything like that? The surge in silver to almost $50 an ounce some 18 months ago is the closest we have come to it, and the silver price has not collapsed since then. Far from it, the price chart is one of consolidation for another surge. Full Story
By: The Gold Report and Eric Lemieux - 8 October, 2012
A plan to build roads into mining projects. Tax breaks for junior mining companies. Does the return to power of the Parti Québécois signal the end to the province's mining-friendly policies? Unlikely, according to Eric Lemieux, equity analyst with Laurentian Bank Securities. In this exclusive interview with The Gold Report, Lemieux says that even if the PQ tweaks current policy, it will take time, and he believes there are plenty of good stories to tell and invest in before that happens. Full Story
Gold rose only 0.59% this past week but remains near a breakout. The rising trend-line is here now and should push gold higher. A move above $1,800 could be bought on a trading basis but very tight and automated stops must be used as they can reverse this in the blink of an eye leaving you with more substantial losses than planned for. All in all the last few weeks of consolidation have been just what gold needed after such a large and rapid rise from mid-August to early September. Full Story
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