After bouncing off three-month lows on Monday, gold prices have dipped today, giving back a small part of the prior session’s gains despite the persistent cloud of uncertainty that has settled over Washington. Over the weekend, the president of the World Bank, Jim...
Gold Editorials & Commentary
October 15, 2013
The Fed's mode of operation has drastically changed over the past 12 years. Prior to 2002 the Fed would tighten monetary policy in reaction to outward signs of rising "price inflation" and loosen monetary policy in reaction to outward signs of falling "price...
Despite the long-term positive fundamentals for Gold & Silver the technical picture continues to be quite challenging. The chances for a surprising turnaround and a new rally are pretty high due to the extraordinary depressive sentiment in Gold. But there is no...
October 14, 2013
The previous week was quite hard for the oil bulls. Light crude lost almost 2% and slipped to its lowest level since July 3. When we take a closer look at the chart of crude oil we clearly see that the price of light crude remains in the narrow range between $100...
There is an economic collapse fast approaching, a calamity that will be known as the first Great Depression of the 21st Century. This economic crisis will be global, affecting all nations, including the United States. The economic ruination will make the recessions...
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance...
The Gold Report: Doug, we are at your conference in Tucson, Arizona, the day after former Congressman and presidential candidate Dr. Ron Paul gave the keynote speech to a sold-out crowd. How did you two first meet? Doug Casey: It was about 30 years ago. Ron used to...
The Gold Report: Why is the theory of tapering or turning quantitative easing (QE) off a myth, and who really benefits from QE? Rick Rule: My view—as an investor, not an economist—is that QE is misnamed. I think it's another way of saying counterfeiting. It exists...
PRECIOUS METALS rose Monday morning in London, with gold recovering more than $20 of last week's $50 drop to trade at $1287 per ounce as world stock markets fell ahead of this week's technical default by the US government.
We all heard about various “bailouts” or the financial wizardry that the American government used after the 2008 crisis. In a two pronged play the government spent public money while at the same time it introduced the “quantitative easing” program, which resulted in...
Recently the GoldMoney Foundation published an article proposing a new measure of money supply, the Fiat Money Quantity (FMQ), so that a direct comparison can be made between gold and currency, principally US dollars. This has two important functions: it allows...
October 13, 2013
Call it the revenge of the gold bears. Jeffrey Currie, the Goldman Sachs chief commodity analyst whose name inspires dread on all gold bugs who hear it, has made yet another bearish prediction for the gold price.
Gold finished Friday down -13.80 on heavy volume, while silver was down -0.35 to 21.33 on moderately heavy volume. The big move came at 0842 EST, with a massive short attack on gold driving the price down $25 through 1275 support in three minutes with 16,500...
I hope everyone is enjoying the volatility because that is the name of the game we are playing. There is no such thing as a safe investing environment. As with nature you always have two opposing forces, the ying and the yang, the good and the bad, the democrats and...
Every now and then it’s good to take a long term look at the market, so here’s a 128 year chart of the Dow Jones Industrials going back to 1885; weekly closing price basis. The Dow Jones published price is plotted in red and uses the right scale. My Bear’s Eye...
October 12, 2013
On Friday morning, gold trading was shut down for 10 seconds in a “stop logic” event, as the CME explains. In essence, when there is an overload of orders that cleans out stops, the market halts, [10 seconds???] “designed to prevent exaggerated price movements.”...
Current investing model favors equities and both the growth and energy sector are on major buy signals. Investors should wait for corrections in the markets to enter or re-balance their portfolios. There has not been a multi week correction in 2013 and until that...
Long term – on major sell signal since Mar 2012.
Short term – on sell signals.
Gold sector cycle – down as of 9/13.
The Hong Kong gold import and export numbers for August are in and it’s clear that the unprecedented level of exports to Mainland China continues unabated. On a net basis, Hong Kong shipped a generous 110.5 tonnes of gold to the Mainland for the month.
A very interesting week that saw markets go into full blow big time correction mode with many gains that took weeks to accumulate wiped out in a single day if you weren’t out prior to it which we were luckily, but just barely.
October 11, 2013
Emerging markets were under pressure all summer from fears that the U.S. Fed would begin to taper back its QE stimulus. More recently, it was widely expected the battle in Washington over raising the debt-ceiling would add to the selling pressure.
Chart analysis On Dow, Gold, GDX And Silver via Videos.
Gold stocks continue to be universally despised, plagued by extreme bearishness. This has hammered their stock prices to epically-undervalued levels that are truly fundamentally absurd. This whole sector is now trading as if the gold price was less than a third of...
Since the U.S. shutdown began last week gold has been trading in a tight range between $1,277 and $1,330 per ounce. Although investors have believed that worries over the debt ceiling would be only short-lived, it seems that each day that passed without an agreement...
"After listening to some of this morning's speakers, I made sure to program the number of the suicide hotline into my cell phone," real estate expert Andy Miller joked at the beginning of his speech. And legendary natural-resource investor and chairman of Sprott US...
What is it about gold that makes people view it differently than any other asset class, creating an almost religious fixation* on the metal? As long-term monetary insurance, you would think that it would be among the more boring items; sort like insurance annuities...
WHOLESALE and futures prices for gold dumped 1.8% inside 2 minutes Friday lunchtime in London, extending the week's losses to $50 per ounce at a 3-month low of $1265.
Perhaps the greatest indicator that the end is near for a fiat currency is the return of the clarion call: "We owe it to ourselves!". Such is the ultimate capitulation and politically unifying mantra. Once the debt ceiling is raised literally, figuratively once and...
October 10, 2013
If you were willing to examine the investment landscape without bias, there were seven reasons to remain very open to a big rally in stocks, rather than a 2011-like plunge:
A new method of taking private sector wealth has been spreading around the world this year. This mechanism is called a "bail in", and it is based on the premise that there are certain entities which are too important for the well-being of the general public to allow...
