By: The Gold Report and John Doody - 14 August, 2009
Heralded as "the best of today's best," Gold Stock Analyst author and publisher John Doody's Top 10 portfolio is up 61% through the end of July. In this exclusive interview with The Gold Report, Doody talks about misperceptions about a summer slump, his Market Cap metric, and select producers or near producers he thinks are well positioned to thrive in the current environment. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 14 August, 2009
The nationwide revelry surrounding our apparent economic recovery was disrupted this week by the release of lower-than-expected retail sales data. However, rather than sending a chill up the spines of those hoping for a quick end to the downturn, the numbers should be welcomed. Though this may come as a surprise to most observers, lower retail sales are precisely what our economy needs. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 14 August, 2009
Last Friday, the central banks of Europe extended their landmark agreement on gold sales. 18 national central banks, along with the European Central Bank itself, signed the third Central Bank Gold Agreement. CBGA 3, like its two predecessors, has major implications for gold that investors need to understand. Full Story
By: Daniel Aaronson and Lee Markowitz - 14 August, 2009
Despite accurate predictions and sound fundamental reasoning by the Perma-Bears and Gold Bugs, these two terms continue to be used negatively by the media and investors because people remain overwhelmingly optimistic about investing in the US stock market. Full Story
Savvy Investors and Traders now have a relatively new Tool to help them combat the Fed-led Cartel’s* market manipulations (see below), and especially in the Markets typically targeted by The Cartel – Precious Metals and Strategic Commodities. We refer to Exchange Traded Funds (ETFs) in General and particularly, to the 200% and 300% Leverage ETFs. Full Story
By: Trace Mayer, J.D. and John Rubino - 14 August, 2009
On 12 August 2009 I interviewed John Rubino of DollarCollapse.com for the 48th episode of the RunToGold Podcast about economics versus political dogma, the two paths for the FRN$ currency crisis, the Fear Index and potential solutions individuals can take to protect and preserve their wealth during the transition and increase of political risk. Full Story
By: David Morgan and Tom Jeffries - 14 August, 2009
The following is an interview I did recently discussing the gold/silver ratio. This topic seems to surface from time to time and Tom Jeffries and I explored it together. Full Story
The Paradigm Shift continues to displace the power centers and introduce new ones. Those bright souls who ignore the shift will be well prepared for systems that soon do not stand. The Americans are the last to know, oblivious to the global shift in progress. They continue to seek a return to normalcy, when old conditions are as gone as a baby’s innocence during teen years. The crux of the matter is that the United States is no longer in control of its fate. Meetings with creditor nation leaders result in new orders given, and new policy directives enacted. Full Story
Serpents have a natural ability and well deserved reputation for being able to use cunning, charm, deceit and treachery on a potential victim and prey just before they strike. Innocent small birds are particularly susceptible to the wiles and cunning of vicious serpents which will soon destroy them forever. The Rothschild Cabal of super rich bankers/money changers have followed this precise same methodology for the last 250 years to continuously rip off, steal from and cheat the gullible people of Europe and North America. Full Story
By: Richard Daughty, The Mogambo Guru - 14 August, 2009
There is suddenly a lot of interest in the idea that the federal government will make holding gold illegal, an example of which is “Is the Confiscation of Gold by Certain Central Banks Likely?” by Julian D. W. Phillips of GoldForecaster.com. Full Story
By: Rick Ackerman and Senor Cuidado - 14 August, 2009
I’ve harped endlessly on the point that stagnant-to-falling incomes, soaring joblessness, imploding credit and collapsing asset values make inflation nearly impossible at this time. Here’s our friend Senor Cuidado once again, explaining this more lucidly than I have. Full Story
August has witnessed the taking out of the month of July’s high. Unless July’s low of 904.8 is taken out, the seasonal chart formation above remains intact. Yesterday’s FOMC Announcement that the economy is still on shaky ground and that the immediate future for job creation doesn’t look good left the Dollar under pressure. A lower Dollar is supportive to gold. Full Story
There’s no reason to invest in gold,” said the finance editor of a major newspaper interviewing me. “If gold goes up because of inflation, then so does everything else, so why buy it? It’s not really a good investment.” She was serious. Yes, she is a finance writer. And yes, it’s a newspaper you’ve heard of… Full Story
By: The Energy Report and Merrill McHenry - 13 August, 2009
The exogenous events significantly boosting uranium demand for China and India are far greater than the minimal and distant "ifs" of private sector reactor delays. Not to mention China has actually boosted reactor construction, while India made no delays and entered the world market. "Investors need to look at the big picture of the sector," says analyst Merrill McHenry, MBA, CFA, who presents Energy Report readers with an educational and thought-provoking overview of U308's fundamentals and future in this exclusive written interview. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 13 August, 2009
The monstrous typhoon that pounded away at coastal areas of the Pacific last weekend certainly qualified as a disaster for anyone who happened to be in its path. But for those of us safely in bed, the storm not only provided some remarkable meteorological footage, but also a stealth lesson in economics. Full Story
During the first few days of each month comes a task that is increasingly approached with dread around here and, unfortunately, that condition is likely to persist for some time. Shortly after banks make their month-end update to various short-term savings accounts that we hold, these balances are queried, only to find that, almost without exception, interest credited is less than it was in prior months and far less than it was eight or ten months ago. Full Story
Commodities continue to trade at their pivot points while the pressure rises! As mentioned in my last report precious metals are trading at support, this is referred to as a pivot point. With any luck we will see gold and silver rally Thursday and Friday, but it that fails I figure PM’s will slide quickly to lower levels. Full Story
By: Richard Daughty, The Mogambo Guru - 13 August, 2009
I was dismayed to see The Financial Times article about the new Central Bank Gold Agreement, where central banks agreed to limit their sales of sovereign gold to 400 tonnes a year. The European central banks, which includes the European Central Bank itself and the 16 banks of the Eurozone, plus Sweden’s Riksbank and Swiss National Bank, have all signed on with the new plan. Full Story
We offered an S&P 500 chart here a while back that was intended to show how a very powerful rally over the next 18 months would not change a long-term picture that remains very bearish to this day. The S&Ps were trading around 900 at the time, but we added 18 bars to the monthly chart in order to help readers visualize a steady, spectacular climb to 1400 by early 2010. Full Story
"If gold is 'past its day', what of toxic derivatives and today's deluge of US Treasury bonds...?" JUST LIKE poor Pip in Dickens' Great Expectations, central banks keep inheriting unwelcome bequests. Full Story
This article will demonstrate that reserve requirements are effectively not in existence and easily avoided by accounting tricks in the U.S. banking system. In my view, the evidence is unrefutable as the sources are from the FED and documentation from Citigroup. Although I have tried my best to keep the following simple and source my data, please feel free to comment or question and I will do my best to reply. Full Story
I don't know when the term "pink slip" originated. The term is at least a century old. It refers to a "your fired" notice. The American economy shows no signs of reversing its relentless increase in the rate of unemployment. Jobs are disappearing at a rate not seen since the 1981–82 recession. Full Story
When it comes to Gold, there is actually too much focus or incorrect focus on the US Dollar. The fact is that throughout this bull market, Gold has been leading the US Dollar. In other words, the breakouts in Gold occur well in advance of the breakdowns in the dollar. Also, bottoms in Gold occur in advance of tops in the dollar. Full Story
If the CFTC actually does want to insure fair and free markets, then it will not install unreasonably small limits on one side of the market and not the other. We expect that if the Commission does set limits which unduly restrict liquidity, it will result in market flight to less regulated, more opaque markets and considerably less transparency, permanently. Full Story
By: Roland Watson, The Silver Analyst - 12 August, 2009
Is the gold and silver bull over? Can we all sell our core and speculative holdings in anticipation of another precious metals desert ahead? The action in gold and silver since the crash of March 2008 would make us wonder if the multiyear moves in these metals is over. Full Story
By: Richard Daughty, The Mogambo Guru - 12 August, 2009
Lately, I sense a need for a change in my life, to get away from doing anything except working at what I think is my Real Mogambo Mission (RMM) here on this planet you call Earth, which is to eliminate the rule that losing a golf ball in play scores a penalty stroke. Full Story
By: Rick Ackerman and Larry Amernick - 12 August, 2009
Time for some straight talk about the stock market, since nothing has improved fundamentally. Congress has passed no financial reform, the Federal Reserve is financing a new equities bubble on Wall Street, and the real economy is on life support. According to our technical runes, the market is overbought but unlikely to correct more than 7 percent any time soon. Below is a daily chart of the SP-500 showing the overbought condition. Full Story
By: The Gold Report and Peter Campbell - 11 August, 2009
Even if emerging economies' demands for copper were to falter, Jennings Capital Inc. Mining Research Analyst Peter Campbell sees plenty of polish on copper ahead. One big reason: Even a gradual climb out of recession will prompt North American and European manufacturers to replenish inventories as they begin restoring production to pre-crash levels. Full Story
If you are an accredited investor, there are additional investment opportunities available to you.
What is an accredited investor? An individual accredited investor is generally someone who has a net worth over $1,000,000 or makes over $200,000 per year in the immediate preceding two years. Entities, such as institutions, partnerships, or pension plans, have different standards for accreditation. Full Story
Tomorrow, August 12, 2009, is the last day for members of the public to submit comments regarding the hearings the CFTC held on speculative position limits in energy and other physical commodities of finite supply. If you feel you have comments to make on this specific issue, here are the instructions to do so as well as a copy of the comments I submitted. Full Story
There is an old saying that in the land of the blind, the one-eyed jack is king. Similarly, in the land of little or no yield and plunging asset values, there is something to be said for that which holds its own, as gold did in USAGOLD's Annual Survey of Investments for 2009. Full Story
By: James Turk, Founder & Chairman of GoldMoney.com - 11 August, 2009
Given all the euphoria after the unemployment number was released on Friday, one would think that the economic contraction had ended. Unfortunately, the euphoria was misguided. The reality is that unemployment continues to worsen. Nonfarm payrolls in July continued the dreadful, protracted decline that began from the peak of employment in November 2007. Full Story
By: Steven Saville, Speculative Investor - 11 August, 2009
There has been a lot of discussion in the mainstream financial press about how and when the Fed will withdraw the "monetary stimulus" it has provided over the past year. Also, Ben Bernanke has recently gone into considerable detail about the methods he will use, once the economy is on stronger footing, to gradually remove any excess money before an inflation problem arises. Unfortunately, these discussions and Bernanke's detailed plans betray a terrible misunderstanding about how money-supply changes affect the economy. Full Story
This will be an introduction to The Depository Trust and Clearing Corporation along with a brief analysis about how by its very nature market liquidity can evaporate extremely quickly which would destroy your value and purchasing power and what you can do to protect yourself. Full Story
Back in the recession of 1958, one solution offered by the car industry was this: "You auto buy now." Get it? Auto. Ought to. Someone got paid a bonus for that slogan. There were others. Same theme: save the economy by buying a new car. Do your patriotic duty. Back then, the government did not get involved. That was then. This is now. Full Story
Silver was decimated in last year’s market rout falling by over 80% in just seven months. Part of the reason is that it is not just bought for investment or jewellery purposes but is an industrial metal as well. Most people think of its industrial use in photography, but in fact it has myriad uses in the medical field because of its antibacterial qualities and more recently in creating superfibres for the clothing industry. Full Story
Commodities took a breather last week, while stocks slowly continued their march higher. This week (Monday) commodities moved lower with profit taking and fears of a much larger precious metals and broad market sell off being anticipated in the near future. While it sure looks like we are ready for a pullback in entire market we just may not get one for some time. We could get higher prices for 2-6 weeks still. Full Story
By: Richard Daughty, The Mogambo Guru - 11 August, 2009
Even knowing that the economy is in a recession/depression, it is the kind of headline that grabs your attention: “Recession Worse Than Prior Estimates, Revisions Show” by Bob Willis at Bloomberg.com. “The first 12 months of the US recession,” he writes, “saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.” Full Story
By: Rick Ackerman and Senor Cuidado - 11 August, 2009
When we dropped out of the inflation/deflation debate a while ago, we asked the inflationists to wake us when the price of suburban homes reached a quadrillion dollars. Wouldn’t that be nice for the fifty million or so Americans who owe more on their homes than they’re worth! Anyway, the topic continues to percolate in the Rick’s Picks forum, including this recent, astute post from “Senor Cuidado”. Like us, the Senor doubts inflation is lurking around the bend: Full Story
By: Bill Bonner, The Daily Reckoning - 10 August, 2009
“It looks like things are finally turning around,” said a friend at Saturday night’s dinner. “Not at all…” we replied. Paul Krugman says the world “avoided a second Great Depression.” He’s wrong too. Full Story
Just about everybody has heard the truisms ‘history repeats’, and if this is not true ‘history rhymes’, however it’s been my observation that a far as present day stock market participants are concerned, not many take the validity of these statements as seriously as they should. After all, people are people right, even if they were acting in the context of another era, and in this case, other market bubbles. Full Story
On Monday, Aug. 3, 2009, the U.S. dollar index broke down to 77½, thus completing a double top (Nov. ’08 and March ’09). This was the major economic event of 2009 and predicts a further decline in the index to 68, which will be an all-time low. Full Story
A little bit up, a little bit down but in the end getting nowhere during the week. Gold finished the week just about where it started although silver had a much better time being up 5.0% on the week. So, where are we now? Full Story
1st Hour: Headline news & The Market Weatherman Forecast. Spotlight Stock Picks. Host, Chris Waltzek & The International Forecaster answer listener's questions. 2nd Hour: -Jim Sinclair, JSmineset.com Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 9 August, 2009
As part of a series we first look at this question: "If the U.S. decides to confiscate gold in the future, what impact might that have on Gold Shares and the COMEX Gold Futures prices?" Full Story
Gold's technicals have been looking very promising in the recent past, but there have been two worrying developments over the past couple of weeks which suggest that we may be about to see a vicious shakeout rather than the breakout to new highs that so many are anticipating. Full Story
Stocks have been a terrible investment over the past decade and they are about to get worse. Gold has been one of the best if not the best investment over the past decade and is about to get better. When you examine investments via relative merits, Gold has trounced general equities. Gold has also trounced paper cash, regardless of the fiat currency held, as well as real estate and commodities over the past decade. Full Story
By: Chris Powell, Secretary/Treasurer, GATA - 9 August, 2009
International journalist Max Keiser has just posted a nine-minute documentary he has done about the British government's gold sales that were begun in 1999 and now are disparaged as "Brown's Bottom," after then-Chancellor, now-Prime Minister Gordon Brown, who decided upon the sales and remains unashamed that they marked the bottom of the gold market. Full Story
The fundamental situation in the precious metals market justifies a move above the $1000 level, as does the size of the correction that followed the initial breakout above the four-digit barrier. Full Story
By: John Mauldin, Millennium Wave Advisors - 9 August, 2009
The Efficient Market Hypothesis, according to Shiller, is one of the most remarkable errors in the history of economic thought. EMH should be consigned to the dustbin of history. We need to stop teaching it, and brainwashing the innocent. Rob Arnott tells a lovely story of a speech he was giving to some 200 finance professors. He asked how many of them taught EMH - pretty much everyone's hand was up. Then he asked how many of them believed it. Only two hands stayed up! Full Story
By: Richard Daughty, The Mogambo Guru - 9 August, 2009
An article on Bloomberg reported that US Treasury Secretary Timothy Geithner said, “The US unemployment rate may not peak until the second half of 2010, even as the broader economy shows signs of improvement.” Full Story
It was another week in fantasy-land as the major indices continued their March higher. The news I read is bad, just slightly less bad, which for some reason is helping the markets March on. The Dow was up 2.16%, S&P up 2.33% and the Nasdaq was up 1.1%. In Canada the TSX gave up some gains and ended up rising only 0.91% while the junior and exploration heavy Venture Index rose 1.1%. Full Story
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