By: Andrey Dashkov, Casey International Speculator - 13 May, 2011
The gold-silver ratio attracts a lot of attention nowadays, but it is not a reliable tool in an investor’s toolbox, and we don’t think it can predict future price movements. But the reality is that nothing does. Those who look at GSR charts, including ours above, should not forget to analyze all the fundamentals behind the price movements of both gold and silver. We advise you to be extremely cautious and not get caught in the trap of believing that a single number or ratio, or a set of them, can provide you with a crystal ball. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 13 May, 2011
The Federal Reserve System this week paid GATA $2,870 in attorney's fees and costs for illegally withholding a gold-related document GATA sought in its federal freedom-of-information request and lawsuit against the Fed in U.S. District Court for the District of Columbia. Full Story
By: The Gold Report and John Kaiser - 13 May, 2011
What is good for the U.S. economy is good for gold. John Kaiser, editor of Kaiser Research Online, has proposed a graphic model that relates the value of all above-ground gold stock to global Gross Domestic Product (GDP), thereby explaining why higher real gold prices—even with a recovering American economy—will be the new reality. In this exclusive interview with The Gold Report, he shares his projections about where both gold prices and the U.S. economy could be going in the future. Full Story
We took a look at the Premium Update from this time last year and we saw that the more things change the more they remain the same. This time last year we wrote about the Greek crises and it seems that the European Union’s strategy of playing for time and hoping that Mr. Ed will learn to speak Greek has not helped the situation much. Full Story
The average 1-year return for anyone buying silver at a Z-score of 2.0 or more has been – wait for it – minus 18.3%. Just saying. And just so you know, that compares with an average gain on gold, if bought at a "bubble-top" Z-score of 2.0 or more, of over 11%. Full Story
Wealth or Catastrophe are two alternatives for Investors as The Hyperinflation/Deflation War plays out. Determining which will “Win”, and When, is essential to Investors’ future Wealth Preservation and Profit. In our view, acquiring certain Key Assets is essential to Wealth Preservation and Profit, in the long run. What are they? Full Story
By: Adam Hamilton, Zeal Intelligence - 13 May, 2011
In a single week, the manic euphoria gripping silver recently was utterly obliterated. After promising such rapid wealth creation, this metal collapsed in what can only be described as a near-crash. New investors were left stunned, while leveraged speculators were slaughtered. Sadly, they could have easily avoided these devastating losses. Silver’s massive reversal was both inevitable and predicted well in advance. Full Story
By: Jeff Berwick, The Dollar Vigilante - 13 May, 2011
Gold and silver are strange things. They have been used for centuries as money and only in the last 40 years have they been shoved aside by the financial communists - yet they still exist as a free market monetary asset despite the force of all the government's guns. Full Story
Mining stocks are not excessively valued. The world has plenty of challenges that look to make investing in gold and silver a “no brainer”, yet most of the quality mining shares have been going nowhere for 6-9 months and silver has just had a huge sell off and gold could follow with a nasty correction. Full Story
By: John Browne, Senior Market Strategist at Euro Pacific Capital - 13 May, 2011
When Fed Chairmen speak, the public is supposed to listen; and, historically, they have. Yet, Chairman Bernanke's remarks at his historic first press conference were met by a tidal wave of skepticism. Although many of the mainstream outlets, especially those lucky enough to be granted question slots, characterized his performance as "serious" and "masterful," most rank-and-file Americans were left with a very different impression. Full Story
Only two weeks ago, the price of silver was rapidly appreciating in a parabolic advance. Back then, sentiment towards the white metal was extremely bullish and its price was approximately 78% above its 200-day moving average. Furthermore, on the 25th of April, silver registered a key reversal whereby its price tested the all-time high recorded in 1980 but failed to hold on to its intra-day gains. Full Story
By: The Energy Report and John Kaiser - 13 May, 2011
Advances in energy and agriculture are creating demand for previously ignored metals such as scandium, tellurium and indium. In this exclusive interview with The Energy Report, Mining Analyst John Kaiser, editor of Kaiser Research Online, explains the science that could exponentially increase the value of overlooked stocks. Full Story
While the real world reality of what is going on could be just a natural process of the Chinese turning from the dollar which is precipitating a Cabal reaction to manipulate the dollar currently with a depression in the prices of commodities, there may be other explanations. Full Story
We harbored no illusions that Raj Rajaratnam was going to beat the rap for insider trading, but we were rooting for him just the same. The hedge-fund billionaire faces a possible life sentence after being convicted by a jury on Wednesday on all 14 counts of a case billed as the biggest insider-trading scandal of them all. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 May, 2011
The Chinese mining sector is currently producing 340 tonnes a year and rising. No doubt there is every encouragement from the State for this figure to rise. We believe that no matter how high it rises, little if any of that supply will reach the world’s ‘open’ market in London. Even global gold production is not likely to rise significantly from the current level of around 2,500 tonnes. Therein lies a development that, in itself, will change global gold market dynamics. Full Story
The precious metals correction is here. Gold and silver are down 4% and 30% respectively. Gold and silver stocks, as should be expected, are down even more. But here’s the thing, precious metals stocks have been hit much harder than they should have been. Right now is the best time to buy gold stocks in more than two years as a result. And they’re poised to make another run of 30% in the next few months. Here’s why. Full Story
By: David Galland and Richard Maybury - 12 May, 2011
With everything going on in the world today, we thought it a good time to catch up with the views of longtime friend Richard Maybury, a low-key but highly respected author, lecturer and analyst. In addition to his work consulting with businesses and high net worth individuals on strategic planning, Richard is the editor of the U.S. & World Early Warning Report, a monthly service that helps readers see the world as it is, versus how the media and the officialdom would like you to see it. Richard is widely regarded as one of the finest free-market writers in America today. His articles have appeared in the Wall Street Journal, USA Today and other major publications. Full Story
Despite my bias to see new all time lows in the dollar index, I think the dollar probably put in the three year cycle low last week. Sentiment at the time had reached multi-year lows and as of yesterday the dollar had moved back above the 50 day moving average. Full Story
The song talks about the primary factors driving the price of gold....low interest rates and quantitative easing, emerging market demand and low risk tolerance. It's a folk song with guitar, harmonica and a little mandolin. Full Story
We told subscribers to short the S&P futures yesterday, and although we’d ordinarily use a tight trailing stop because the trade flouts a 26-month uptrend, this time we intend to loosen up and let our profits run. For if the so far puny blip in the US dollar has caused commodities to plunge, and for stocks, finally, to give way, imagine what will happen if the dollar really takes off, causing a cosmic-sized carry-trade unwind as swift and lethal as a cobra strike. Full Story
By: The Gold Report and Peter Grandich - 12 May, 2011
Why has the price of gold punched through every barrier to a record high of $1,500/oz.? The market's rigged, according to Peter Grandich, editor of The Grandich Letter. In this exclusive interview with The Gold Report, Grandich explores if it's time to unload silver and transition out of gold. Full Story
Though Gold and Silver were able to make new highs in recent months, the gold stocks (as evidenced by GDX (large caps) and GDXJ (larger juniors) never did. We wrote of their relative weakness and how it was a warning sign for the sector. The shares failed to breakout and have fallen back into their consolidations at a time when the sector tends to consolidate and correct. Full Story
By: Bob Chapman, The International Forecaster - 11 May, 2011
In legislation just proposed, and I don’t know by whom, nor do I have a number yet, the Dept of Labor has proposed a re-definition of who is a fiduciary, not under the Securities laws, but under ERISA, the law that governs tax advantaged retirement accounts, such as 401K and IRAs and it probably will include all retirement assets, we don’t have a definite direction yet of what they intend to do but it is my guess they want to limit those investments only to US government debt. Full Story
Let the fear-mongering begin. The debt ceiling debate has been positioned as a lose/lose situation. Some claim a failure to increase the debt ceiling will lead to near-term financial Armageddon. They say the U.S. government can’t cut spending now. Deep cuts would kill the economic recovery. Others predict increasing the debt ceiling will show the U.S. is not serious about its debt and will lead to financial Armageddon. They say additional spending cuts are necessary and not-as-big government, less regulation, and more entrepreneurialism will lead to a true recovery. Full Story
The world is entering another financial crisis spurred first by debt and secondly by weak currencies. Recently, Greece has reached tipping point in its austerity measures, hoping that the European Union led by German policy makers will send bail out dollars their way. Full Story
By: Richard (Rick) Mills, Ahead of the herd - 11 May, 2011
The central issue for us over the next few decades is not climate change or the global financial crisis - it is whether humanity can achieve and sustain the enormous harvest we need from this planet to feed ourselves. Is this soon to be front and center issue - our fresh water resources - on your radar screen? Full Story
Inflation watchers should be witnessing already the reality of the inflationary cycle; companies are cutting down their product sizes, cutting corners on packaging, and most importantly, raising prices. A few household names like Nike, McDonalds, and Wal-Mart have indicated that it is inflation that is driving up their costs of doing business, and now they’re looking for ways to pass on the costs. Full Story
Summing up, while the next medium-term move still appears rather uncertain (with a slight bearish bias), it seems that from the short-term perspective gold, silver and gold and silver mining stocks are likely to be impacted in a positive manner from the support levels currently being reached. Full Story
By: David Galland, Managing Director, Casey Research - 10 May, 2011
Silver, in particular, has been hammered – down over 30% at one point. Now that's what I call a proper correction. Is it safe to go back into the water? I have to believe that the speed and depth of the sell-off makes it all the more likely that we'll see a pretty quick bounce back. Full Story
The smartest millionaires of 1913 watched the Federal Reserve being formed with great interest. They sold a million paper dollars and received 50,000 ounces of gold. Today’s paperbug millionaire of 2011 barely knows what the Fed is, let alone what an ounce of gold is. If he sells his million US dollars today he gets about 666 ounces, based on gold at $1500 an ounce. A very interesting number indeed. Full Story
By: Steve Saville, The Speculative Investor - 10 May, 2011
Below is a chart comparison of the Barrons Gold Mining Index (BGMI) and the US$ gold price covering the period from 1974 through to 1984. In other words, this chart captures the final 6 years of the secular bull market that ended in 1980 and the first few years of the secular bear market that would ultimately continue until 1999-2001. Note that the BGMI portion of the chart has a linear scale whereas the gold portion of the chart has a log scale. Full Story
By: The Gold Report and Steve Palmer - 10 May, 2011
Get in cheap while companies are relatively unknown and then pick up doubles, triples, or better when they hit the big time—that is AlphaNorth Asset Management Founder Steve Palmer's investment strategy. In this exclusive interview with The Gold Report, Steve shares some ideas for spotting big growth potential. Full Story
Gold and Silver have caught a nice bounce from last weeks lows – up 7.8% and 14.9% respectively — but we’d suggest postponing the celebration until the rally has had a week or two to develop legs, assuming it does. Although our initial reaction was that the correction would be over quickly, there are some reasons to be very cautious nonetheless. Full Story
The recent sell-off in commodities, particularly gold and silver, has caused some investors to consider investing in the broader stock markets. The stock markets have lagged gold and silver the last few years, but earnings are improving and many believe equities are ready to take off. Is this the case? Will the equity markets outperform precious metals over the next six months? Full Story
Silver has once again stolen the investment market spotlight. Margin requirements for silver trading rose 84 percent last week, which prompted a major sell-off. Silver posted its worst four-day drop since 1980 and was down more than 25% after the CME Group raised the costs for investors to trade the metal four consecutive times within a week. Full Story
As we near the end of the first quarter of 2011, the potential for a widening of the uprisings in North Africa and the Middle East has pushed oil prices past the $100 mark. Long before the riots began, commodity prices had risen to uncomfortable levels, having soared over 30 percent in a matter of months. Full Story
The “liquidity event” is back. With stock markets around the world rising on a tide of printing-press money, IPOs, mergers and acquisitions are red-hot once again, turning corporate insiders into billionaires overnight. And -- no surprise here -- the companies that are most closely associated with the funny-money business itself are spawning billionaires faster than all the others – faster, even, than Forbes magazine can make room on its list of 500. Full Story
1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & Bob Chapman, The International Forecaster discussion and answer listener's questions. 2nd Hour: Robert Kiyosaki, Rich Dad Poor Dad Kevin Kerr, Kerrtrade.com Full Story
Gold's reaction last week was quite modest, given what happened elsewhere, especially to silver, and with the benefit of hindsight it is quite clear that it was a good point for it to react as it had the Friday before risen to become critically overbought on its short-term oscillators. Full Story
The historic decline this week in silver creates strong emotion. Watching great amounts of wealth disappear, quite literally in minutes amid disorderly trading conditions is a genuine fear for any investor. Worse is seeing no obvious legitimate reason to explain the carnage. If that doesn’t scare you, nothing will. Especially if you already harbored unease about how the whole silver market operated. Full Story
By: Bob Chapman, The International Forecaster - 8 May, 2011
As the economy stumbles the American standard of living recedes. 44 million people are using food stamps and in one year that figure will be 60 million. Washington and Wall Street say, what me worry? Of course not they are the masters of the universe. We are 24 months into an inflationary depression and it still goes undiscovered. Who cares that the issuance of food stamps is up 80%, as long as the bonuses on Wall Street and in banking continue to flow and bureaucrats get higher and higher salaries and benefits? Full Story
On August 15, 1971, a Sunday, President Nixon unilaterally suspended the last traces of the gold standard. He "closed the gold window" on his own authority. From that time on, no government or central bank has been able to exchange dollars for Treasury gold at a fixed price. Nixon broke the Bretton Woods agreement of 1944. He broke the nation's word. He cheated. That was his way. Ever since that day, American monetary policy has been Nixonomics. Full Story
Don't let the title fool you, for reasons I've outlined in this weekend's report I think gold likely has one more move to new highs before the D-wave begins. Full Story
According to The Economist, between 2000 and 2010, six of the world’s ten fastest growing economies where in Sub-Saharan Africa. The only BRIC (Brazil, Russia, India and China) country to make the top ten was China which came in second behind Angola – the fastest growing country in the world. Full Story
By: John Mauldin, Millennium Wave Advisors - 8 May, 2011
This week I finish the two-part letter on the Endgame and give you my thoughts on the economy and how it all plays out over the next five years. This is the second part of a speech I gave last week at the Strategic Investment Conference in La Jolla. It is a rather bold forecast, and fraught with peril and likely errors, but that is my job here. Full Story
Last week is another for the history books for silver bugs with a record one third price correction in a week. It still falls short of the 52 per cent plunge of the 2008 financial crisis. Silver is notoriously volatile. Full Story
It was a week like we haven’t seen since the beginning of the crash in early 2008, but this time it was mostly in the commodity sector. Many stocks did get hit hard, as well as the major indices, but the real damage came in commodities, especially silver. Full Story
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