One of the cheapest ways to buy and store physical gold and silver is with unallocated (or pool) storage. With unallocated storage, a dealer holds metal that is owned by its customers, but without identifying any particular piece of metal belonging to any particular customer. Full Story
By: Daniel Aaronson and Lee Markowitz - 14 January, 2011
In 2007, as the subprime mortgage market was in turmoil, the equity market rose to all time highs as investors ignored the risks to home prices and the economy. Now, just four years later, equity investors are again overlooking the turmoil in credit markets. Could investors be making the same mistake they made in 2007? Full Story
By: Adam Hamilton, Zeal Intelligence - 14 January, 2011
Silver’s massive autumn rally has utterly captivated speculators and investors, their appetite for all things silver is insatiable. Interestingly a major driver of this metal’s recent surge was stock-market buying of the flagship silver ETF, SLV. The larger and more popular this fund grows, the greater its ongoing impact on silver prices. Full Story
2011 is back to the reality. Call it “the other shoe,” not a Manolo Blahnik but a Chinese knockoff Nike, stinky socks dangling out. The global financial crisis and recession left behind unpayable private and public debt and an unreformed political system. It will bite in 2011. Also the Greenspan Credit Bubble with Chinese Characteristics. Also the broken global monetary system. Also... Full Story
As a hedge fund manager one lives between the realms of market volatility/mass paranoia and an unending stream of data collection. The main objective of the exercise is to know that no matter how right you may be on your analysis of value and expected future returns you are operating in an arena (investment markets) that can become irrational at any moment. Full Story
By: Marin Katusa, Casey’s Energy Report - 14 January, 2011
For many who aren’t familiar with the region, the Middle East comes across as an updated version of Lawrence’s Arabia, only with lots of oil. But this mosaic of cultures isn’t made up of only Arabs or Muslims, and most Middle East countries are neither awash with heavily armed, rather excitable citizenry… nor with black gold, which is what we’re interested in. Twenty-three countries comprise the Arab League, but only Saudi Arabia, Iraq, Kuwait, the United Arab Emirates (UAE), and Iran are major oil producers. Full Story
By: The Energy Report and Mark Lackey - 14 January, 2011
Mark Lackey, with Toronto-based financial services company Pope & Co., admits he's in the minority. He believes the Street is too optimistic about production in Saskatchewan and Kazakhstan heading off a uranium shortage. In this exclusive interview with The Energy Report, Mark explains why he believes Cigar Lake won't save the day and why uranium could hit $100 a pound. Full Story
Several Commentators have expressed astonishment in recent years about the blatantly Economy and U.S. Dollar Destructive policies of The Fed, typically posing the question “How could The Fed be so Stupid, Incompetent, etc?” Former Deutsche Bank Chairman, Dr. Kurt Richebächer, R.I.P., was a leader in articulating devastating critiques of Fed policies. Full Story
I now have been watching carefully the work of the Rothschild Cabal money changers very seriously for the past few years. I have not had the slightest doubt that they are in control of the US financial markets. They organized and created these markets. They control the governments, regulators, media, exchanges and most of the big players. Full Story
By: Richard Daughty, The Mogambo Guru - 14 January, 2011
John Rubino at Dollar Collapse.com obviously thinks, like I do, that inflation is a Terrible, Terrible Thing (TTT). To prove it, and to simultaneously prove to my wife, kids, relatives, co-workers and neighbors that I am not the “weirdest man who ever lived” as concerns inflation, I call him up on the phone! Full Story
Wall Street seems particularly giddy entering the New Year, and for good reason: the stock market has had its best two-year performance since 1932. Retail investors are also beginning to shed their bear suits and slowly embrace a bullish posture. For the month of December 2010, a total of $14.9 billion moved out of bond funds while stock funds saw a $5.5 billion net inflow. Full Story
For 2011, there is no sign of slowing for the default mechanism of quantitative easing. The only question is, at what point will this junkie overdose terminally? Full Story
Will future gold profits be enjoyed on a tax-free basis because gold has become the new currency and cash isn't taxed when it is spent? Or will governments around the world use the pretext of financial emergency to continue to take ever greater control of their citizens' private lives and make cash itself illegal, requiring all financial transactions to be in electronic form with a "cc" to the government? Full Story
Suffice to say, the only lesson that has been learned/confirmed is that Bernanke and company have no intentions of ever seriously dealing with the overly interconnected, overly complex, and moral hazard laden circus that is the U.S. financial system. Full Story
The purpose of this paper is to demonstrate how the Federal Reserve – through its proxy money centre banks – has taken complete control of the interest rate complex enabling them to arbitrarily price capital at or near zero. This has only been possible with accommodation of the ruling elite who mutually benefit from these policies. Full Story
By: Jason Hommel, Silver Stock Report - 13 January, 2011
Silver: From $30/oz. to over $500 by 2020. In under a minute, I can tell you why that price must happen, and likely when. It seems to me that the public will one day wake up and start buying silver to protect from inflation. Thus, long before, say 10-20% of people buy silver, at least 1% of the American public will buy silver. We can calculate what might happen to the silver price when that happens. Full Story
By: The Gold Report and Mark Lackey - 13 January, 2011
Has the U.S. economy turned the corner? Mark Lackey with Toronto-based financial services company Pope & Co. is forecasting modest growth and slight inflation. In this exclusive interview with The Gold Report, Mark explains why that shouldn't drive a continued correction in gold prices. He also shares some insights on what makes gold companies prosper—whether they've got an NI 43-101-compliant estimate or not. Full Story
By: Richard Daughty, The Mogambo Guru - 13 January, 2011
If you are one of those people whose eyes are bugging out in disbelief at the bullish action in the stock market and are wondering who in their right mind would be buying common equities at the same time as inflation is rising, bond yields are rising, food riots are breaking out, unemployment is rising to 22% (according to shadowstats.com), and 43 million people are on food stamps, I have the answer: The Federal Reserve, which created a huge $100 billion pile of new credit in December, and is promising another $100 billion per month for the next six months!! Full Story
By: Rick Ackerman, Rick's Picks - 13 January, 2011
We were hoping a bell would ring to signal a decisive end to the Mother of All Bear Rallies, now in its 22nd month, but it looks like we’ll have to settle for the next best indicator of The Top -- Facebook’s IPO, prospectively the hottest ticket on Wall Street since Time-Warner merged with America Online. Full Story
Numerous are the threats to the USEconomy and US financial structures. Many are hidden threats, subtle challenges to undermine increasingly fragile support systems, planks, and cables that hold the system together. The year 2011 will be when the system breaks in open visible fashion, when the explanations that justify it sound silly and baseless, when the entire bond world endures major crashes. All thing financial are inter-related. Recall that in summer 2007, the professor occupying the US Federal Reserve claimed the subprime mortgage crisis was isolated. The Jackass countered with a claim that the bond market was suffering a crisis in absolute terms, where all bond markets were on the verge of fracture, perhaps globally. In year 2008 the banking system in the Western world broke, fatally and irreparably in my view. Full Story
China's monetary policy is increasingly a main driver of gold and silver prices because so many Chinese can now afford metal investments and are willing to snap them up. Recently, though, China took one of the most aggressive steps to take control of the 2011 silver supply. This year, China anticipates it will allow its currency to advance some 5% against the dollar after previously allowing for only a 3.6% advance in 2010. Such a massive increase, many believe, could tip the metals scale. Full Story
By: Bob Chapman, The International Forecaster - 12 January, 2011
Great pressure could be bought to bear in behalf of gold and silver prices if the US and European public were to get involved. Their participation has been lackluster. The gold and silver markets have just been forced into another consolidation, which makes the possibility of a deeper correction less likely. Eventually a reserve currency, or a world index of currencies has to be backed by gold. Full Story
Only a few days remain to sign up for the online investing course. Thanks to the digital information revolution, you can take a complete graduate level investing course from the comfort of your easy chair and laptop. Chris Waltzek has collaborated with an accredited State University, to bring Goldseek.com Radio listeners an opportunity for professional growth in the field of finance, at a fraction of the cost of a the typical brick and mortar school. Full Story
By: Richard Daughty, The Mogambo Guru - 12 January, 2011
Junior Mogambo Ranger (JMR) Charles C. sent me a YouTube video of DrinkingWithBob talking about how New York is full of corrupt government crap that is eating New York – and this nation – alive, all of it paid for by bleeding the poor, who yesterday did not have enough money to get by, and today are worse off because they cannot pay the higher prices resulting from more government taxation and regulation to try to satisfy the idiotic leftist trash that has infested government and the schools, and who have made such a Gigantic Freaking Mess (GFM) of it all with their towering stupidity. Full Story
We can indeed return to a gold standard by going back to Constitutional money. This means opening the U.S. Mint to unlimited free coinage of gold and silver. We can return to financing production and trade in goods demanded most urgently by the consumer through real bills, if the Federal Reserve Banks go back to the legal provisions of the F.R. Act of 1913. That Act confined F.R. credit to real bills arising out of the production and distribution of consumer goods, to the exclusion of anticipation and accommodation bills as well as government debt. The solution to the present crisis will be found in the strict observance of the monetary provisions of the Constitution, and enforcement of the law governing Federal Reserve credit. Full Story
2011 is sure to be a critical year for gold with several analysts predicting an end of the bull market. It may sound very strange, but it appears that the USD Index has been leading the way for precious metals and suggests higher prices are likely to be seen soon. The general stock market may enter a consolidation phase in the near-term but has had little influence on gold, silver and mining stocks recently. Full Story
Gold blasted through $1380 early this morning! Your gold bullion pile, marked to paper currency model, just rose by approx. 1.5% in value from the $1360 area lows! Good news, and, perhaps, congratulations to you. Before you break out your champagne, however, could I “bother you” from your calculations, to ask just one teeny question: Marked to market weight, did your gold bullion pile increase in number of ounces from $1360? That would require a yes or no answer. Full Story
The rally in gold in the final trading days of December was unable to make new highs, and now it is on the verge of going into correction mode. On the 6-month chart we can see how, after a sharp drop on Monday, gold just held key support at $1360 from Wednesday through Friday. If this support should fail soon, which looks increasingly likely, then gold can be expected to go into retreat. Full Story
By: William Poole, Senior Economic Adviser, Merk Investments - 11 January, 2011
I began writing this note on New Year’s Day; the holiday season is over all too early for me as I contemplate the coming year. Along with other investors, I have many worries, but at the top of my list is the budget battle that will be fought in Washington, every state capital and most capitals of high-income countries abroad. As I finish this note, Republicans are now in charge of the House of Representatives. Full Story
Let the truth be known, the world is being held hostage by powerful bankers. Thanks to the fiat-money fractional reserve system, bankers have become the ruling elite and as a result, entire nations are going bust. Make no mistake, the world’s most severe recession in decades was caused by excessive debt and in the boom years, bankers provided the narcotic in the form of cheap credit. A few years ago, bankers willingly handed out unserviceable loans and they made fortunes from the interest payments. Full Story
2011 will be a great year for gold. The yellow metal gained 30% in 2010, hitting a new all-time high of $1420/oz in late December. 2010 was an excellent year for gold and silver. Gold hit its low for the year early in February at $1044/oz, and its seasonal low in July 115 points above that. The upswing accelerated from August through December resulting in a yearly gain of 324 points. Silver gained 71% for the year, with a massive move up from late August to New Years Eve. Full Story
There is an old joke about being kept in the dark and fed manure – about people being treated like mushrooms. The joke refers to how mushrooms are grown, in moist dark conditions however they are not fed manure anymore …yet people still are. The knowledge that corporations and governments have been treating clients and their constituents in this manner is perhaps why the Wikkileaks blog is so popular. Full Story
Sometime between early February and early April the market should drop down into a major yearly cycle low. Last year that cycle low came during the first week of February. Since the current daily cycle is now in the timing band for a bottom we should see an intermediate top fairly soon. Full Story
By: Richard Daughty, The Mogambo Guru - 11 January, 2011
I was having a leisurely breakfast with the family when I read where Philipp Bagus, writing at Mises Daily newsletter, quotes James Bullard, president of the St. Louis Federal Reserve Bank, as saying, “it’s important to defend inflation from the low side as we would on the high side.” I thought to myself, “Defend inflation? Inflation needs to be defended from being too low? Arrgghhh!” Full Story
By: The Gold Report and John Williams - 10 January, 2011
Stronger corporate balance sheets, tighter reins on costs and better stock performance in 2010 haven't swayed ShadowStats Editor John Williams' assertion that the bottom-bouncing economy is weaker than ever, with specters of hyperinflation and systemic financial collapse on the not-so-distant horizon. As he says in this exclusive Gold Report interview, the yellow metal is his "insurance against Armageddon"—or at least the single best asset that people can use to ride out the storm. Full Story
First of all, Gold has been rising for ten years. It went down the twenty years prior. It is now in a structural bull market. This fact cannot be debated. There is no Gold “trade” unless you are trying to make a few points next week or month. It is a bull market. Repeatedly, the mainstream news makes this mistake. Moreover, find me a Gold bear that readily admits Gold is in a bull market. You can’t because every bear refers to Gold as a trade, as if its advance is an extended aberration that needs correcting or is unsustainable. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 10 January, 2011
GATA today scored a small but perhaps auspicious victory over the Federal Reserve in our lawsuit seeking access to the Fed's secret gold files. The judge presiding over GATA's federal freedom-of-information lawsuit against the Fed in U.S. District Court for the District of Columbia, Ellen Segal Huvelle, granted GATA's motion to order the Fed to produce in compete form for the judge's private review 20 gold-related documents the Fed has sought to keep secret. The judge ordered the Fed to deliver the documents by Friday. Full Story
It's exciting to think we may be nearing a mania in gold. The price will likely double or more within a 12-month period not too far in the future (it rose 125.7% in 1979). And yet, amazingly, there will be investors who lose money in that run. How? Chasing returns. Jumping in and out of positions. Too emotional. Underinvested. Lack of diversification. Inappropriate expectations. Ironically, all of these are within the control of the investor… Full Story
2011 is just underway, and already, confusion reigns. My mother fell on her head at Machu Picchu and some kid in Arizona killed some decent folks in Arizona. My dog is in heat and its summer in Lima. See what I mean? Full Story
Good afternoon. It is a pleasure to return to the Empire Club to discuss the outlook for gold and precious metals in 2011. I know this may appear to some to be an enviable job—getting to speak about the one asset class that seems to continually out-perform all others year after year—but it is a double edged sword. I’ve struggled to find an appropriate simile. The best I can come up with is that speaking about gold is like one of those good news bad news jokes, you know the ones—your doctor phoned with some good news and some bad news. The good news is they will be naming a new incurable disease after you. The good news is that gold is rising in value; the bad news is—well nearly everything else about the economy. Full Story
By: Dr. Ron Paul, U.S. Congressman - 10 January, 2011
Last week the 112th Congress was sworn in. I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee, which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the Fed provides the American people with more information about what they have been doing with and to our money. Not surprisingly, since my chairmanship was announced, apologists for the Fed have been recycling the old canard about how increased transparency threatens the Fed’s so-called political independence. Full Story
There’s no end to the opinions and forecasts of what awaits us in 2011, with everything from your increasingly popular doomsday scenarios that appear to be getting more attention by the day, to the usual propaganda that by now only the kool-aid drinking sociopath types on Wall Street believe themselves still being buffered from reality by their ill begotten bonus booty. To this end I am not attaching any here today, because they’re too many, which you will likely see at one point or another on your own if you are reading these pages. No, what I am doing here today is simply continuing on with the themes we have been working with in 2010 as they mature, plotting likely courses for the economy and markets we cover in 2011. If you want to call this forecasting – so be it. Full Story
More and more economists, analysts and financial writers, 122 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak. Some have adjusted their previous prognostications higher given gold’s strong advance again in 2010 while others have jumped aboard what has become a bandwagon of optimism. The majority (84) maintain that $5,000 or more for gold is possible. 6 individuals have even gone so far as to claim that the parabolic peak will be realized sometime in 2011. Full Story
As the Federal Reserve keeps buying more and more government debt, with no prospect of reducing its holdings unless and until the government gets its house in order, bond yields are likely to rise, despite Fed buying, because yields also reflect inflation premiums. The prospect of inflation will rise as the Fed monetizes the debt. We would then see yields rising accompanied by firm prices of commodities and metals. Full Story
It might seem a bit contrary to be talking about a correction in gold and silver so soon after tipping silver as the asset class of the year for 2011. But annual performance allows for some serious market swings, and precious metals have come off their recent highs just after the New Year’s predictions – perhaps not without coincidence as confidence and market prices are birds of a feather. Full Story
It seems that gold puts on a rally of sorts at the end of the year. The big question always is “will it last?” It seems that this year it may not last but the action is still not all that bearish so there is hope that the down side will be short. Full Story
Our good friend Doug B., the World’s Smartest Financial Advisor as far as we’re concerned, is still bullish as all get-out on muni bonds, notwithstanding the swipe we took at them last week in a commentary entitled “Muni Bond Yields Are Pumped for a Reason.” Doug says a perfect storm of bad news brought bond prices down to levels where an investor would have to have been crazy to pass them up. He also thinks fears of widespread defaults by strapped cities are way overblown. For some dazzling outside-of-the-box thinking, read his think-piece, below. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 January, 2011
Right now, the markets have pulled gold back in the face of what seemed to be an upward turn in the U.S. economy. Many may feel this is the time to sell gold. The growing Eurozone debt crises could spell the end of the euro as we know it. The debt problems of the U.S. are worse than Europe so it is a time to ask, “Will these three forms of money collapse?” Full Story
Successful bear raids are no accident. They are carefully executed when the market's underlying momentum is prepared to a degree of extreme vulnerability. I hope my effort to explain the following will shed new light for you on the True Strength Index indicator techniques available to you for the anticipation of these powerful selling phenomenon. Full Story
Highest standards for science must include observation, or experimentation, and measurement. Measurement in economics is carried out in terms of currency units; only economic activities measurable in that unit of account are recorded. But as experience shows, the value of any currency now fluctuates greatly. What does that say of ‘economics’ as science? What does it say about our choice of unit of value? Full Story
Wall Street has been calling gold a bubble since 2005 when it hit $500. Some media naysayers remained negative even as they wrote the headlines proclaiming record highs and saw gold rise almost 30 percent in the past 12 months. Full Story
By: Bob Chapman, The International Forecaster - 9 January, 2011
Gold has become again the world reserve currency. It is just that few realize the transition has already taken place. For the past 11 years every major currency has fallen in value versus gold from 13 to 20 percent annually. Versus silver, the figures range from 17 to 25 percent. This is a clear-cut ominous trend of a flight away from all currencies to gold and silver and quite a flight to safety. This movement by worldwide investors cannot be ignored. There obviously are many people that see what we see and in that process are dumping currencies for gold and silver related assets. Unfortunately, Americans are far behind in these changes with only 2% of the population participating. Ladies and gentlemen the second stage of the gold and silver bull market has just begun. Prices have fallen from their highs, what a great time to buy. Full Story
The job of a stock market cycle tracker and forecaster is far more difficult with trillions of dollars in government intervention and global central bank quantitative easing sloshing around global markets. The liquidity is bidding up everything from oil to coffee to corn, but the cyclical stock market picture is clearing up. There is both good news and bad news regarding global stock market cycles for 2011. It is always better to get the bad news off your chest first, so let’s dispense with the bad news, and move on to the good news. Full Story
By: John Mauldin, Millennium Wave Advisors - 9 January, 2011
It is time once again to throw caution and wisdom to the wind and actually make my 11th annual forecast. I have to admit this is the most stressful letter I write each year. I do at least 5-10 times more research and thinking about this issue than any other. On a positive note, this may be one of the more optimistic forecast letters I have done in a long time. But there are some asterisks, as always. We will survey the world, trying to peer through the fog of the future. There are some very interesting side trails we will want to explore. Did you know some events in Russia could have real ramifications for inflation in China, the US, and the world? I pay attention to the background details and bring them to you. So settle back as we tour the world. Full Story
This past week we saw gold have its biggest two-day drop since February of last year ending the third longest streak of trading above its 50-day that the yellow metal has had since 2000. The first streak ended in 2002 with 124 trading days and the second in 2008 with 143 trading days. No bull market goes up in a straight line. Full Story
Stock markets fell and futures indicate a further fall on Monday morning but the general reaction to the latest below expectations jobs data was pretty calm. Too calm really, and perhaps the calm before another storm in financial markets. Full Story
By: Richard Daughty, The Mogambo Guru - 9 January, 2011
As if China does not have enough problems with inflation as it is, being 5.1% overall and with 11.7% inflation in food prices, now, astonishingly, Bloomberg reports that “Beijing will raise the minimum wage by 20.8% in 2011, becoming the latest local government to lift pay in a country where inflation is running at the fastest clip in more than two years.” Full Story
By: Adam Hamilton, Zeal Intelligence - 9 January, 2011
Thanks to its awesome autumn rally, silver has become something of a rock star in the commodities world. Investors and speculators alike are enthralled with this white metal. But with it just hitting new 30-year highs, many on Wall Street suspect silver is stretching to bull-ending extremes. However once silver’s modern history is recast into real inflation-adjusted terms, this metal’s secular bull is still looking young. Full Story
It’s great to be back after the holiday season. Things are as exciting as ever in the markets and around the world politically. Silver rose 83% for the year while Gold rose 29.7%. Not too bad at all. I’m very happy with the way the year played out and the trading and investing decisions I made. I really couldn’t imagine it to be much better than last year, but it will be. The mania phase is a ways off still. Full Story
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