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Sunday, September 19, 2010

Gold World News Flash

Gold World News Flash


GoldSeek.com Radio: Dr. Stephen Leeb, Bob Hoye, The International Forecaster, and your host Chris Waltzek

Posted: 19 Sep 2010 04:00 PM PDT

1st Hour: Headline news & the Market Weatherman Report. Spotlight Stock Picks. Host Chris Waltzek & The International Forecaster discussion and answer listener's questions. 2nd Hour: Stephen Leeb, Ph.D., Leeb Capital Management Bob Hoye, Institutional Investors


Gold Is On the Move

Posted: 19 Sep 2010 12:47 PM PDT

Gold is looking good. Since its summer low of $1160 in late June, it has surged to $1275. That's a nearly 10% gain in less than two months, and even though gold has again broken its all-time record high, it's poised to move still higher.


Lack Of Free Press In Canada

Posted: 19 Sep 2010 11:01 AM PDT

Who got to BNN to cancel my GATA appearance? How controversial can it be to be right for a decade? This is a farce and a Canadian disgrace. Your financial market press is bought and paid for, just as is the American financial market press.


International Forecaster September 2010 (#6) - Gold, Silver, Economy + More

Posted: 19 Sep 2010 04:24 AM PDT

The fight for monetary supremacy between the dollar and gold for over the past 16 months has been won by gold and that is why gold is moving higher and the dollar lower. The recent intervention in the currency markets by Japan, ostensibly to weaken the yen, assisted by the US and foreign central banks, won't strengthen the dollar for any appreciable period of time. The US dollar has broken down and there is no going back.


Japan Intervenes to Bail Out America.com

Posted: 19 Sep 2010 04:07 AM PDT

This week, after the Japanese yen had surged to a fifteen-year high against the US dollar, the Japanese government decided to intervene in the foreign exchange market. To great fanfare, the Bank of Japan initiated a vigorous campaign to buy US dollars, thereby stemming the rise of the yen and pulling up the greenback. The effects were immediate, with the yen falling an astonishing 3% on the day of the announcement.


Cheap Commodities Stocks

Posted: 19 Sep 2010 04:00 AM PDT

After weathering a lackluster grinding summer, commodities stocks are poised for a big rally. Thanks to an anomalous divergence between commodities prices and the general stock markets, commodities stocks are relatively cheap today. This has created an excellent buying opportunity for investors.


The Chances of a Double Dip

Posted: 19 Sep 2010 03:56 AM PDT

I am on a plane (yet again) from Zurich to Mallorca, where I will meet with my European and South American partners, have some fun, and relax before heading to Denmark and London. With the mad rush to finish my book (more on that later) and a hectic schedule this week, I have not had time to write a letter. But never fear, I leave you in the best of hands. Dr. Gary Shilling graciously agreed to condense his September letter, where he looks at the risk of another recession in the US.


The Long Road to Recovery

Posted: 19 Sep 2010 03:35 AM PDT

Last week the government released the latest unemployment data. Bloomberg, always ready to roll up the sleeves to help its friends in government (get reelected), was running a headline that "Companies in U.S. Added 67,000 Jobs in August."


Play Silver, but Don't Get "Stuck"

Posted: 19 Sep 2010 03:27 AM PDT

What's up these days with Silver Guru David Morgan? In this exclusive interview with The Gold Report, David talks about his silver obsession and his newsletter, The Morgan Report. He also imparts some investment wisdom: "The simple fact is I'm not a pig. Bulls make money, bears make money—and pigs get stuck. I'm not going to get stuck and neither are you, if you follow what I'm doing." David also discusses some of his "nonstick" silver holdings.


A Long-Term Look At Stock Market Investor Sentiment

Posted: 19 Sep 2010 03:23 AM PDT

As equity mutual fund outflows mount (Figure 1), stock market bulls argue that such outflows indicate that investor pessimism is high enough to serve as a contrarian indicator to support the buying of stocks. However, other indicators, such as the American Association of Individual Investors (AAII) weekly sentiment survey, indicate that bearish sentiment has not yet reached an extreme and that bullish sentiment is in fact quite high.


Calix to Buy Occam: Time to Buy Calix?

Posted: 18 Sep 2010 08:01 PM PDT

Mark Gomes submits:

On Thursday, Calix Networks (CALX) announced its intentions to acquire Occam Networks (OCNW). If you read Small Cap Ideas as the Market Drops, you know that OCNW was well-positioned to benefit from the Obama administration's multi-billion dollar Broadband Stimulus Initiative...and it still is.

CALX is an OCNW competitor in the fiber-optic equipment market. As such, it is also poised to reap the benefits of Broadband Stimulus spending. In fact, acquiring OCNW promises to make its job that much easier.


Complete Story »


Alexza's Staccato: Setting Up as a New Platform for 'Inhalation Technology'

Posted: 18 Sep 2010 07:55 PM PDT

Sheff Station submits:

The Staccato technology and loxapine that make up AZ-004 will be on display on October 11th as Alexza (ALXA) looks for approval from the FDA. My previous article focused on how Alexza was clearing hurdles to move into a strong position with the FDA. What this article will do is discuss the history of the Staccato technology and its applicability and use in drug delivery with specific emphasis on AZ-004.

Alexza and the Staccato technology was founded by Dr. Alex Zaffaroni. The company was built on the concept of the Staccato technology in use for treating acute and intermittent conditions. Alexza has developed a deep pipeline of products in a short period of time as they have put 5 products into the clinic in only 4 years. Capital constraints have caused Alexza to focus on AZ-004 in 2010. They have (pdf) 2 migraine programs, a pain program, AZ-002 Staccato alprazolane which they studied in panic, and AZ-007 which is part of their sleep program.


Complete Story »


Extended Trading Range for Markets?

Posted: 18 Sep 2010 07:38 PM PDT

prieur du plessis Prieur du Plessis submits:

I have argued for a while that stock markets will probably be fluctuating in broad trading ranges for a while. This is a viewpoint also shared by Marc Faber and backed up by my study of expected returns.

More evidence comes from Chart of the Day, with a chart illustrating rallies that followed massive bear markets. A “massive” bear market is defined as a decline of greater than 50%. Since the Dow’s inception in 1896, there have been only three bear markets whereby the Dow declined more than 50% (early 1930s, late 1930s until early 1940s, and during the very recent financial crisis). The chart also includes the rally that followed the dot-com bust during which the Nasdaq declined 78%.


Complete Story »


Japan Intervenes to Bail Out America's Consumers

Posted: 18 Sep 2010 07:37 PM PDT

Peter Schiff submits:

This past week, after the Japanese yen had surged to a fifteen-year high against the US dollar, the Japanese government decided to intervene in the foreign exchange market. To great fanfare, the Bank of Japan initiated a vigorous campaign to buy US dollars, thereby stemming the rise of the yen and pulling up the greenback. The effects were immediate, with the yen falling an astonishing 3% on the day of the announcement. At a time when American politicians are growing increasingly vocal about China's currency manipulations, Washington was strangely silent on the Japanese move. This was completely overlooked by the hawkeyed media.


Complete Story »


Weekly ETF Rewind: Continued Straight Forward March?

Posted: 18 Sep 2010 07:30 PM PDT

ETF Prophet submits:

By Jeff Pietsch

The S&P 500 (SPY) finished a third week higher by +1.4%. This modest performance was cowered by that of the powerful NASDAQ 100 (QQQQ), up +3.2% for a +7.2% advance over the course of the last four weeks.


Complete Story »


Manufacturing Green Shoot Is Wilting

Posted: 18 Sep 2010 07:19 PM PDT

Steven Hansen submits:

When the AAII Investor Sentiment Survey went bullish over 50% again, a little deja vous set in. This is a forward looking index which measures members who are bullish, bearish, and neutral in their six month outlook.

Going back a little more than a year, we were at this 50% bullish sentiment point (click to enlarge).


Complete Story »


Major Indices Up Against the Wall

Posted: 18 Sep 2010 07:04 PM PDT

John Nyaradi submits:

Still locked in their long standing trading range, major indexes are now again (still) up against significant resistance levels, and of course, this situation will be resolved in one direction or other, as it always does.

Last week’s technical developments favored the bearish side while the fundamental news was decidedly mixed with the macro picture and earnings blinking both positive and negative signs.


Complete Story »


Arena Plunges as FDA Panel Says Obesity Drug Risks Outweigh Benefits

Posted: 18 Sep 2010 07:00 PM PDT

The Burrill Report submits:

By Michael Fitzhugh, Marie Daghlian

Arena Pharmaceutical’s (ARNA) shares plunged nearly 40 percent after a U.S. Food and Drug Administration advisory committee rejected its proposed weight loss drug lorcaserin. The reviewers expressed concern that potential risks of long-term use outweighed its benefit of modest weight loss.


Complete Story »


Gold: The Luster Is Back

Posted: 18 Sep 2010 06:41 PM PDT

Clemens Kownatzki submits:

Gold has been “back in the game,” so to speak, for a good decade now; in fact, it’s not just been back, the price of Gold has increased almost fourfold since 2000 - not bad at all compared to the otherwise “lost decade” of investment returns.

Spot Gold – Monthly Chart
Xau-1m

This week alone, there were three new all-time price records for the shiny metal. The big impetus for the near $30 price jump earlier this week was the news that central banks would be net buyers of Gold for the first time since the late 1980s, purchasing about 15 tons of bullion this year.


Complete Story »


Weighing the Week Ahead: Housing at the Forefront

Posted: 18 Sep 2010 06:39 PM PDT

Jeff Miller submits:

Forecasting market moves is always a challenge, but the recent months have been especially difficult. I see three reasons:

  1. Fundamental data have not provided a clear direction. This is typical in times of modest growth. Economic data provide an inconsistent pattern, although most observers impose their own interpretation on the results.
  2. Technical data do not provide a clear direction. Most observers impose their own interpretation on the results.
  3. Everything is correlated. The reward for stock and sector selection is lower, since there is much less variation from the overall market. The focus on the simplisticly named "risk on, risk off" trade does seem to capture the current lack of imagination. The correlation of stocks is .81, double the historical value.

Background on "Weighing the Week Ahead"


Complete Story »


This Secret Factor Will Cause Gold to Go Parabolic – and We Are Not There – YET!

Posted: 18 Sep 2010 06:37 PM PDT

One of gold's allures is its use as a hedge against negative economic outcomes: inflation, deflation, general economic collapse and even war [with] investors and speculators enter[ing] the market based on their guesstimate of how bad things might get. [An analysis of] how gold performs during inflation and deflation [suggests, however, that there has to be some another] market force - some secret force - that has driven gold prices by +370% over the last 10 years. Words: 734


U.S. Economy Faces 5 Plausable Doomsday Scenarios

Posted: 18 Sep 2010 06:37 PM PDT

Most signs point to a slow and steady recovery, but what if the pessimists are right, again? What if the United States isn't in the slow-lane to recovery, but rather on the precipice of another decline -- a double dip? [If so,] where might this re-recession begin? Words: 988


Equities – the “World's Worst Cult” – are About to be Destroyed! Got Gold?

Posted: 18 Sep 2010 06:37 PM PDT

RBS is sounding the alarm on risk assets with a call that markets are at risk of falling off the edge of the cliff - by as much as 60-70%! They refer to equity investors as the "worst cult in history….which has no basis in fact, or history, but yet seems universally accepted." They believe the current downturn could very well "destroy" this "cult". They're not just bullish on treasuries –they are super bulls with a 2% target on 10 year yields. Words: 1378


$6,000 – $10,000 Seen As Realistic Parabolic Top for Gold

Posted: 18 Sep 2010 06:37 PM PDT

Wealth protection is now more important than probably at any other time in history. Physical gold and possibly other precious metals directly controlled by the investor will be a vital part of a wealth preservation portfolio. Words: 1614


The Battle for $21 Silver Begins

Posted: 18 Sep 2010 06:37 PM PDT

FGMR - Free Gold Money Report September 18, 2010 – There is a battle beginning as silver approaches $21, its highest price in 30-years. There is a lot at stake. Those who are short silver don’t want their losses to become any bigger than they already are. On the other side of the trade, everyone who is long silver wants to see silver appreciate to a fair market value. This new battle beginning as silver nears $21 is no different than those that have been fought many times over the past decade. When a resistance level is reached, the shorts have repeatedly ‘circled the wagons’ in an attempt to keep silver from climbing higher. They will probably do it again. Nevertheless, given that silver has risen from $4.03 early this decade to Friday’s close of $20.79, it is obvious that the shorts have not been successful over the long-term. But market battles are fought day-to-day and even hour-to-hour. Plenty can happen in the short-term t...


Robert Prechter's Elliott Wave Theory: Dow Set to Tumble to 8,000

Posted: 18 Sep 2010 06:37 PM PDT

U.S. stocks could sink by more than 20 percent if the neckline of a head-and-shoulders pattern on the Dow Jones Industrial Average is breached, according to Robert Prechter's Elliott Wave International Inc. Words: 524


Jim?s Mailbox

Posted: 18 Sep 2010 06:37 PM PDT

View the original post at jsmineset.com... September 18, 2010 09:40 AM Hi Gentleman, Dan was outstanding and I think the listeners globally are really going to appreciate getting an update from him each week!  He covered a tremendous amount of ground in a short period of time. Here is the KWN Weekly Metals Wrap link: Click here to listen to the KWN Weekly Metals Wrap… Best regards, Eric King www.KingWorldNews.com...


Gold Will Go To $5,000 and the Dow To Above 27,000 by 2015

Posted: 18 Sep 2010 06:37 PM PDT

Warning! The forecasts you're about to read are controversial, and many will say I have lost my mind. No problem. Many have said the same about me numerous times in the past but the forecasts I speak of today are based entirely upon my proprietary trading models that... have successfully guided me and the investors that have followed me through every twist and turn in the economy and markets... since I developed them in 1982. Words: 987


In The News Today

Posted: 18 Sep 2010 06:37 PM PDT

View the original post at jsmineset.com... September 18, 2010 09:51 AM   Jim Sinclair’s Commentary So far this weekend. Bank Closing Information – September 17, 2010 These links contain useful information for the customers and vendors of these closed banks. Maritime Savings Bank, West Allis, WI Bramble Savings Bank, Milford, OH The Peoples Bank, Winder, GA First Commerce Community Bank, Douglasville, GA Bank of Ellijay, Elijay, GA ISN Bank, Cherry Hill, NJ [URL]http://www.fdic.gov/[/URL] Jim Sinclair’s Commentary The Germans have it correctly. They feel it is better to do business than to start a trade war. Germany seizes on big business in China By Anthony Faiola Washington Post Foreign Service  Saturday, September 18, 2010; 3:50 AM VERL, GERMANY – As Americans fret over high unemployment and the prospect of another recession, an economic renaissance is putting Germans back to work and prope...


Beware! “Retirement USA” Program Would Be First Step Towards Government Confiscation of Retirement Dollars

Posted: 18 Sep 2010 06:37 PM PDT

The Obama administration is "taking the first steps to confiscate retirement dollars," according to Dr. Jerome Corsi who predicts that the end result will be retirees with 401(k) plans holding near-worthless government debt "that will be paid off in a devalued currency worth … pennies on the dollar." Words: 839


On The Road in Dar Es Salaam

Posted: 18 Sep 2010 06:37 PM PDT

View the original post at jsmineset.com... September 18, 2010 09:52 AM Dear Extended Family, Dubai’s meetings have concluded and I am now in Dar es Salaam. Every time I arrive in Tanzania you can see conditions continually improving. As I write this to you I am looking out the window of my hotel over the port of Dar with ships lined up for many miles. They are awaiting their turn to enter the off-loading facilities which seem to keep growing and growing. Today I meet for breakfast with my associates to outline our strategy for many important projects at hand. In the early days I would be on a very bumpy road to my home at Bahari Beach. I loved it but Barbara called it the Flintstone House. Obviously, I was the one who picked it out. Now the road is first class and the travel time to reach it is cut down by nearly 75%. Tanzania is very special to me as you all know. It really feels good to be home. After my meeting today in Dar I am off to Mwanza. I want to make a note of t...


The Weiss Team's 8 Bold Forecasts for 2010 and Beyond

Posted: 18 Sep 2010 06:37 PM PDT

Martin Weiss' team of international experts - Mike Larson in North America, Claus Vogt in Europe, Tony Sagami on Asia, Rudy Martin on South America - and Ron Rowland, one of the nation's foremost experts on international exchange-traded funds (ETFs) met recently to discuss and determine what they think is coming next. They came up with eight new forecasts for 2010 — some very negative, some very positive - and put forth specific, actionable recommendations based on their conclusions. Words: 1969


Gold Moves From Currency To Performing Insurance

Posted: 18 Sep 2010 06:37 PM PDT

View the original post at jsmineset.com... September 18, 2010 11:56 AM Gold Moves From Currency To Performing Insurance Dear Extended Family, Dinner is finished and the coffee has been served. I am not eating with a few friends, but rather with all of you. What I have been trying to say during dinner was that the time for the consideration of gold as a market entity is over. Anglo Ashanti has just closed out their $1.58 billion losing hedge book as gold reaches for a new high. They have slaughtered their cash position and increased their debt. That is a milestone in the time sense because it is here and now that gold has moved from a currency to a performing insurance against what is no longer coming down the pike but is now here. Anglo thinks it threw in the towel due to some mathematical decision, a new high, but even the dense ones can feel the change yet they cannot articulate it. Another milestone is Dean Harry’s discussion concerning lessening the demands of producin...


Ratio Analyses Suggest Possible $10,400 Gold, $650 Silver and $250 Oil

Posted: 18 Sep 2010 06:37 PM PDT

Analysing the long-term relationships of gold with other assets suggests that, in most instances, physical gold and silver and the shares of the companies that mine those precious metals have major upside potential - to somewhere between $3,000 and $10,400 per ounce for gold, between $75 and $650 per ounce for silver and in excess of $250 per barrel for crude oil - in the years to come. Words: 1132


Thailand Increases Its Gold Holdings By 20%

Posted: 18 Sep 2010 06:37 PM PDT

"There's No Fever Like Gold Fever" - Richard Russell. Ireland IMF bail-out rumours spook markets. Will Spain become the next Dubai? When Japan Collapses. Eric Sprott speaks out... and much more. YESTERDAY IN GOLD AND SILVER I wrote in my closing comments in my Friday column that gold had just moved above $1,280 spot and silver above $21 spot in early London trading, not realizing at the time that I was looking at the highs of the day in both metals. About an hour after London opened, the gold price began to decline from its high of around $1,282.50 spot... and, despite a couple of rally attempts, got sold off right into the London p.m. gold fix at 10:00 a.m. Eastern time in New York. From that low... $1,271.10 spot... gold made a minor recovery before being sold off to close down 80 cents from its Thursday closing price. Silver's high price [a hair over $21.00 spot] was set shortly before London opened for trading... and then began to decline...


The Demise of OUR Country is on Borrowed Time – Unless YOU Help Save It! Here's How

Posted: 18 Sep 2010 06:37 PM PDT

The demise of America is on borrowed time - and the end game could be dire - unless YOU do something about it. Congress is a tool of special interests - not OURS! As such, WE, as citizens, must become proactive if we are to protect OUR financial future by solving the Washington debt and tyranny problems and preventing foreign nations and/or creditors from forcing OUR country into bankruptcy and collapse! [What can YOU do to help? Read on!] Words: 2971


Gold, Oil and China

Posted: 18 Sep 2010 06:37 PM PDT

By Frank Holmes CEO and Chief Investment Officer It's been a lively year for both gold and oil investors but the year to remember may be the one ahead. Goldman Sachs is forecasting a 27 percent jump in energy and a 17 percent rise in precious metals over the next 12 months. On the oil side, Goldman credits a rebound in industrial production for a 520,000-barrel-per-day increase in China’s implied oil demand in August (year over year). As you can see from the left-side chart, Chinese oil demand has remained a fairly consistent story going back several years. Globally, world oil demand was up 2.4 million barrels per day on a year-over-year basis in August, according to Goldman Sachs (right chart). Rising demand from emerging nations has created a 600,000-barrel-per-day global supply deficit since May. This month saw a reversal in the U.S., with weeks of growing inventory surpluses swinging to draw-downs after Labor Day. The long-term prospects for oil havenR...


Why Does the US Need a Consumer Czar?.. Swiss Institutions Ask: Where's the Gold?

Posted: 18 Sep 2010 06:37 PM PDT

Why Does the US Need a Consumer Czar? Saturday, September 18, 2010 – by Staff Report Elizabeth Warren Elizabeth Warren to be appointed White House 'consumer czar' ... The White House will announce Friday that Harvard law professor Elizabeth Warren will be appointed to be an assistant to the president and oversee the creation of a new consumer financial protection bureau. The move is largely seen as a compromise to avoid a potentially bruising Senate confirmation battle over Warren, who was the first to call for the creation of such a bureau. Warren has become a heroine among many Democrats and unions for her willingness to openly criticize investment banks for their lending practices in her role as the head of a congressional oversight panel overseeing the government's bailout of troubled financial firms. Warren's advocates asserted strong pressure on the White House to name her to be the first person to lead the agency. But many Republicans and Wal...


How Can You Not Help?

Posted: 18 Sep 2010 06:37 PM PDT

The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio! September 18, 2010 03:25 AM Please watch this video and if this blog has helped you in any way, please make a donation now! And don’t forget, if you make a $500 or more donation, I will speak with you for an hour at a mutually agreed time (email me your name and email address so I can verify donation then contact you about a time to chat). [url]http://www.grandich.com/[/url] grandich.com...


Invasion of the Disposable Income Snatchers

Posted: 18 Sep 2010 06:36 PM PDT

View the original post at jsmineset.com... September 17, 2010 12:51 PM Dear Friends, Coming to your local grocery store and hardware store soon (available in 3D for those who like horror movie scares): Invasion of the Disposable Income Snatchers Produced by: The Federal Reserve Directed by: Spendaholic Politicians Ticket prices: Unknown (they keep changing so quickly we cannot guarantee a fixed rate). Click chart to enlarge in PDF format with commentary from Trader Dan Norcini ...


One More Appeal

Posted: 18 Sep 2010 06:36 PM PDT

The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio! September 17, 2010 02:17 PM I know a lot of readers had a good week (especially KMK shareholders). Please consider any size donation to this cause I spoke of a week ago. Imagine being told you have cancer, only to find out soon after you’re pregnat, only to then have both you and the baby face death in the face. If this blog is worth anything to you, please step up now! [url]http://www.grandich.com/[/url] grandich.com...


Former New York Rangers Great Ron Greschner Joins Trinity Financial Advisory Board

Posted: 18 Sep 2010 06:36 PM PDT

The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio! September 17, 2010 12:43 PM September 17, 2010, Wall, NJ: Peter Grandich, founder*of Trinity Financial Sports & Entertainment Management Company, Atlantic Avenue, announced that former NHL New York Ranger hockey player Ron Greschner has joined the company's advisory board. "Ron was a great hockey player, a perfect example that there is no "I" in team and has done tremendous work through his foundation," says Peter Grandich.* "I am pleased he is joining our board." To read more, click here. I grew up a Rangers fan but became a Devils fan once they arrived in New Jersey, I still have a place in my heart for the Rangers – especially ones from the old days. The NY Jets #1 fan is Fireman Ed and I’m honored to call him my friend. Recently I had the pleasure of becoming friends with the Rangers #1 fan, Dancing Larry. I like him for ...


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