Doug, a lot of our readers have asked about getting a second passport. I realize this is a large and complex issue – several issues, actually – but would you care to go over the basics of where to go and what to do? And for those not already thinking about this, why? Full Story
By: Adam Hamilton, Zeal Intelligence - 12 April, 2013
Gold has faced stiff headwinds lately as investors abandon alternative investments to chase record-high stock markets. Probably the most significant has been the major selling hammering the flagship GLD gold ETF. It has suffered such intense differential selling pressure that its custodians have been forced to dump enormous quantities of physical gold. What are the implications of this flood of new supply? Full Story
By: The Gold Report and Philip Ker - 12 April, 2013
A dearth of financing is culling the junior mining herd. Who will be left? Philip Ker, a mining analyst with PI Financial in Toronto, believes cash-flow generators in safe jurisdictions will continue to perform in this market. Read more in this interview with The Gold Report. Full Story
Much of the Mainstream Financial Media (MSFM) and, indeed, Mainstream Media (MSM) would have us believe Price Inflation is “contained”, as would spokespersons for most Developed Countries; Governments and Central Banks. Indeed, these institutional sources are often complicit in facilitating such distortions. Full Story
I don't really believe that we will ever get to the point where people will carry gold or silver coins again to buy and sell goods. We can however go back to carry paper money that is backed by gold and silver. So I don't plan on buying equipment to verify authenticity of gold and silver. I doubt that the general public will either. So that is why what I hold at home is now really more of a novelty, and when I invest in gold and silver I do it at BullionVault. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 12 April, 2013
Ironic isn’t it? A record number of people on food stamps yet new highs for stock indices. Below is an interesting question posed by Michael Snyder. The answer is very important to your future. Full Story
Given today’s decline and breakdown in the precious metals sector it’s likely the case that the final bottom in gold, silver and mining stocks will be accompanied by a top in the Dow:gold ratio. The sooner the stocks rise, the sooner the resistance levels in the ratio will be reached. Full Story
The story broke from nowhere and caught many off guard. To others it was the manifestation of previously unspoken fears. It was, and is, by far the biggest story of 2013, the decade, and quite possibly the millennium. It was the crossing of another Rubicon. For years and decades, the financial piranhas had wandered around the edges, nibbling a little here and a little there. Inflation, bailouts, and other monetary mischief had already eroded the value of most currencies. But never before had they actually made the boldest of moves – to steal what were always considered to be the most liquid and secure of funds – bank deposits. Full Story
The cyclical bear market in Silver is serving its purpose. Its correcting and digesting the 6-fold advance that took place in less than two and a half years. A similar correction took place in the mid 1970s that led to the parabolic move to $50. Amazingly, if you line up Silver’s performance from its 1971 low to 1980 high with Silver’s performance since its 2008 bottom, you’ll notice strong parallels. Full Story
When trying to determine when a market correction may be ending, it only makes sense to look at past corrections to help determine a general guideline. This really does not have to be a complicated process and the results from some quick analysis can be quite helpful. Full Story
By: Rick Ackerman and Doug Behnfield - 12 April, 2013
The chart below comes from Doug Behnfield, a friend who is also the savviest and most successful financial advisor we know. Doug has been a bear’s bear for years, and to stay on the cutting edge, he talks almost daily with guys who turn up regularly on the network business channels and in interviews with major-league financial publications. He has produced stellar returns for his clients, mainly by keeping them well weighted in Treasuries. Full Story
In a wide-ranging interview with Casey Research editor Louis James, Doug Casey discusses why it's imperative to start diversifying one's assets today, and provides some guidance in considering countries to diversify into. Full Story
The S&P 500 has soared to new all-time highs leaving most everyone in a state of giddiness. The NASDAQ and the Dow Jones Industrials (DJI) have gone along for the ride. The Dow Jones Transportation (DJT) remains, for the moment at least, just below its all-time highs. With the giddiness of new all-time highs, however, comes a note of caution. The giddiness may be short-lived. Full Story
Arguing AGAINST such an imminent collapse is the record of central banks and governments printing and pumping money into the system to “extend and pretend” for a while longer. They have held back the forces of financial chaos, and they have delayed the consequences of bad monetary policies for a very long time. Perhaps Quantitative Easing and depositor confiscations can continue “extend and pretend” for several more years. But if not, are you prepared? Do you own gold and silver outside the banking system as your personal insurance against such a financial collapse? Full Story
By: Jeff Berwick, The Dollar Vigilante - 11 April, 2013
As you can see, the profits that are possible during TEOTMSAWKI can be massive. We believe the gold stocks will soon enter into a bubble for the ages and today we will let you in on another way that you could potentially make massive profits from betting against the system. Full Story
We are now at the point in the bull market where traders think that stocks are bullet proof. Back in December I warned this was coming. I said at the time that this round of QE was going to be different. That it would have a much bigger effect on the market than the analysts were expecting. I remember at the time analysts were claiming each round of QE was having less and less effect. Full Story
Spot the conspiracy by the global leaders of the financial community to get behind the Bank of Japan’s QE initiative and keep the gold price in check, while delivering cheaper gold to the central banks who still want to buy it. Full Story
Greg Gibson is all about the big score, even if he has to take small steps to get there. His most recent lucrative deal was guiding Trelawney Mining and Exploration as it outlined 6.9 million oz. gold at the Côté Lake deposit halfway between Timmins and Sudbury. The project drew interest from a variety of suitors and was eventually sold to Iamgold (IMG-T, IAG-N) a year ago for over $600 million. And now his latest role has him thinking on an even bigger scale. Gibson took the reins at Northern Gold Mining (NGM-V) in mid-2012, and his arrival marked what could be a new era for both the company and the eastern flank of the Timmins gold camp. Full Story
While there are many risks to the current ultra loose money policy, consumer price inflation isn’t one of them. Inflation remains persistently low despite the best efforts of central banks to increase it. The Consumer Price Index (CPI) among the G7 economies was only 1.6%, year over year, during February. It was even lower at 1.4% excluding food and energy, according to economist Ed Yardeni. Meanwhile Producer Price Index (PPI) inflation rates are close to zero, Yardeni points out. In the euro zone, the CPI inflation rate is just 1.7%, and 1.4% excluding food and energy. Japan continues to experience deflation despite continuous efforts at reversing it through monetary easing. Full Story
Several others thought that if the outlook for labor market conditions improved as anticipated, it would probably be appropriate to slow purchases later in the year and to stop them by year-end. Two members indicated that purchases might well continue at the current pace at least through the end of the year. It was also noted that were the outlook to deteriorate, the pace of purchases could be increased. Full Story
Is it time for the Federal Reserve (Fed) to stop printing money? Today, we focus on what might be going through Fed Chair Bernanke’s mind and the possible implications for the U.S. dollar and investors. This week, the casual observer could come to the conclusion that the Fed wants to phase out printing additional money. The Federal Open Market Committee (FOMC) Minutes to be released this Wednesday might strike a comparatively optimistic tone. The only caveat being that the FOMC meeting statement included the language: “The Committee continues to see downside risks to the economic outlook”1 which may be elaborated on in the Minutes. Full Story
We used to pay closer attention to the charts of Google, Apple, Amazon and other world-beaters because for years their shares led the stock market higher. No longer, though. The charts below show how the Dow Industrial Average has left the formerly unstoppable Nasdaq Index choking on dust. Few would have imagined that Wall Street could go on a bullish rampage without the participation of stocks that represent the very best that America has to offer. And yet, that is exactly what has occurred. The “Naz” heavyweights have stalled or fallen while the Dow’s rally has gone vertical. Full Story
A stunning piece of information was brought to my attention yesterday. Amid all the mainstream talk of the end of the gold bull market (and the end of the gold mining industry), something has been discretely happening behind the scenes. Full Story
As we write this, the gold price is weak and sentiment has never been more negative. Measures such as the Daily Sentiment Indicator have recently hit lows last seen in 1994 and 1997 while MarketVane's bullish consensus and Hulbert's HGNSI index of gold portfolio managers have broken to lows below those recorded in 2008. The major banks have cut their price forecasts and some have declared an end to the bull market for gold which has tallied 11 straight years of higher closing prices. Could all these people be wrong? Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 April, 2013
Quietly, but thoroughly, governments and the banking system have taken an ever increasing role in every aspect of the economy and individual’s lives. Where in the distant past cash was the only means of exchange, cash is now controlled by the banking system and cash transactions reduced to a miniscule role in all our lives. Even in Cyprus after the ‘confiscation’ of deposits, cash is rationed and transactions within the banking system are allowed up to €200,000 before a ‘bank committee’ has to approve them. Full Story
Note… Central Banks, while talking down money printing and denying the presence of inflation, bought more Gold in 2012 that any year dating back to 1964. Indeed, However, since becoming net buyers of Gold in 2010, the Central Banks have been increasing their Gold purchases rapidly. Full Story
By: The Gold Report and Arie Papernick - 9 April, 2013
Life is difficult for junior resource companies. Not only are stocks and commodity prices moving sideways, but tax changes in Canada may signal less friendly treatment for exploration investment. But not all is grim, according to Arie Papernick, the head of equity capital markets at Secutor Capital Management Corp. in Toronto. Full Story
Quoting Francis of Assisi on bringing "harmony where there is discord" as she first entered No.10, Margaret Thatcher had already split the playground at my primary school. We knew little then beyond the football-club squabbling of red versus blue. But her political sons have since mixed it into a deep purple mess. Imperial under Tony Blair's high-spending Labour, it's now deeply patrician and scarcely meritocratic under David Cameron and his Con-Dem coalition. Full Story
Retirees are being attacked on three fronts: higher inflation, higher taxes, and lower yields, and the policies of the Federal Reserve have much to do with this. During a recent meeting of the Fed it was indicated that might slow, not stop, QE and immediately sent the dollar higher and gold lower, just as they wanted. Full Story
Is gold bullion leading gold stocks higher, or is the current “wet noodle” action of most senior gold stocks suggesting that the recent lows at $1540 will fail? I don’t think I’ll join the debate about whether the $1540 area is some sort of “ultimate bottom”, but I will suggest that both gold & silver seem to be getting ready for a nice rally. Full Story
By: Simon Russell, SilverSeek.com Mining Analyst - 9 April, 2013
Recently I visited Fortuna Silver Mines Inc.’s (NYSE.FSM, TSX.FVI, BVL.FVI, and FSE.F4S.F) San Jose mine in Oaxaca, Mexico, where their $9 million construction project is increasing the mill’s capacity from 1,000 tpd to 1,500 tpd of ore. Fortuna built this state of the art mine from the ground up, starting as an exploration project in 2006 and successfully advancing through the permitting and construction phases. The company declared commercial production in September 2011 on time and on budget. Full Story
Just as every coin has two sides, every data point that doesn’t meet expectations usually has an upside somewhere. For instance, although the gold price has fallen with the strengthening U.S. dollar, the yellow metal is appreciating in Japanese yen. So when negative news about the economy came out this week, along with the U.S. Labor Department reporting that the country added only 88,000 jobs in March, investors found reasons to be encouraged. Full Story
It seems that recently the whole precious metals sector has been devoid of the strong relationships with currencies and stocks (namely, strong negative correlation between gold and silver and the USD, and a positive one between metals and the S&P 500 Index) that we are so much used to, which makes the straightforward inference somewhat more complicated. But it is still beneficial to monitor the above-mentioned markets – firstly, in case these interdependencies get back to normal and secondly, to see if any important buy and sell signals are flashed. Full Story
Despite its improved CoT structure, silver looked especially vulnerable last week because its chart pattern was simply screaming for a short-term plunge. Gold as well appeared to be destined for a test of major support. The critical levels of Au 1524 and Ag 26 held and with the bad ‘jobs’ report on Friday, the metals surged upward as the market apparently believes this will quell any talk by various Fed jawbones about withdrawing QE. Full Story
By: John Browne, Senior Economic Consultant at Euro Pacific Capital - 8 April, 2013
Remarks by members of the European Union's elite suggesting that banking deposit seizures may become standard practice appear to have heightened the risk of a European bank run and perhaps even a catastrophic collapse of the euro. Any threat to the euro is a threat to the European public's conception of the Union's manifest destiny. As such, I believe members of the EU elite may be purposefully leveraging the crisis to push for a centralized European banking system to cement the political framework of an EU superstate. Full Story
I was going to write about the Risk on Risk off trade this weekend but with the big move up in gold on Friday I thought we should look at gold instead. As you know, gold along with silver, broke down from their respective triangles this week which we have been keeping a close eye on. The 60 minute chart below shows the price action for the last six months or so for GLD. You can see the downtrend has been picture perfect so far with lower highs and lower lows all the way down. The price action broke below the bottom rail of the blue triangle early this week and had a strong rally, that so far, has taken the price back up to the underside of the bottom rail as the backtest. Full Story
The slide in precious metal prices has done much to undermine investor confidence, yet the indications are that demand for the physical metals remains strong. This leads many observers to comment that paper gold and silver and not bullion are driving prices. The current sell off is a combination of long paper positions capitulating, new short positions being opened by trend-chasers, and importantly, bullion banks squaring their books. Full Story
In a complete role reversal of the good guys and the bad guys, the world banking elite has been, for some time now, pointing a great big dangerous gun at the heads of all savers and investors on the planet. The bullets in that gun are each a little different but still extremely deadly. Here is what investors worldwide are facing: Full Story
In a final poll at the Second edition of the Dubai Precious Metals Conference (see video here) 63 per cent of delegates thought gold was heading towards $3,000 by 2014 and 37 per cent voted for a tumble towards $1,000. The vote followed a lively discussion between the conference’s leading bulls and bears. Full Story
Aren’t stocks supposed to rally on “bad” payroll news? If so, the Dow should have soared Friday on word that our allegedly recovering economy generated a sickly 88,000 jobs in March. If that weren’t good/bad enough to inspire a psychotic buying spree on Wall Street, there was further news that a drop in the unemployment rate to 7.6% had been caused entirely by a huge exodus of workers from the job market. This stampede of the despairing pushed the labor participation rate to 63.3%, its lowest level since 1979, undermining whatever brazen claims the spinmeisters are making these days concerning the economy’s supposed vitality. Full Story
Show Highlights: Guest Interviews. Headline news & the Market Weatherman Report. Host answers phone calls and email questions. Guests: Bob Hoye, Institutional Investors Arch Crawford, Stockmarket Cycles Full Story
It has been a 1.5-2 year sideways affair for the precious metals (PM), depending on whether you look at silver (peak in April of 2011) or Gold (peak in August of 2011). PM stocks, on the other hand, have done quite a bit worse than go sideways. While the more conservative Gold has only fallen a maximum of 20% from its August of 2011 highs, the more volatile silver and senior PM stock indices (e.g., XAU, HUI, GDX) have both fallen close to 50%. Full Story
By: Steve Saville, The Speculative Investor - 7 April, 2013
Inflation-deflation debates often involve arguing over which is more likely: deflation or hyperinflation. Since both deflation and hyperinflation are extremely unlikely over what most people would consider to be a normal investment timeframe, these debates are effectively arguments about which of two remote possibilities is the least remote. The more useful debate would start with the question: Deflation or more of the same (plenty of inflation, but not hyperinflation)? Full Story
By: John Mauldin, Millennium Wave Advisors - 7 April, 2013
We begin this week with a simple pop quiz. Is inflation good or bad? Answer quickly. I’m sorry – your answer is wrong. Or rather, we can’t know if your answer is right or wrong because we are not sure what is meant by the question. We may think we know – and we may be right – but we can’t be sure, because the word inflation has different meanings for different people in different places and different times. In fact, even the same people in the same place and time can’t agree on a precise definition. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 7 April, 2013
GoldMoney and the Bitcoin magazine have made a 14-minute documentary from interviews of residents of Cyprus, whose money and wealth have just been pretty much yanked out from under them, inviting them to consider alternatives to the money they have been using. Full Story
With gold closing the week at $1,582 after the abysmal US jobs report that caught the shorts out, a difficult period could be over for precious metal investors. As ArabianMoney has pointed out the real issue for precious metals last week was a Fed-directed bear raid on the price of gold to offset Japanese QE, and that is now over. Full Story
If you’ve been reading my work in 2013 at all you know I’ve been looking for a move lower in both gold and silver. It finally came this past week and was led by silver. We’ve got silver holding a crucial support level now while gold snapped back on news of Japanese QE. Full Story
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