Gold World News Flash |
- 3. Why Gold & Silver? - The Movie. $15,000 Gold? Here's Why.
- Gold May Surge to Record $1,650, Goldman Forecasts
- Dollar Drops Toward 15-Year Low Versus Yen After Fed Minutes
- Coming Hyperinflation Will Make You A Billionaire By 2020!
- Gold surge
- Time to Sell Gold Stocks?
- Is the Dollar Rally About to Kill Risk Assets?
- GoldSeek.com Radio Gold Nugget: Puru Saxena & Chris Waltzek
- Still No Clear Excess of Enthusiasm for Buying Gold
- Value Investing Congress - Day 1: How 4 Top Hedge Funds Are Investing
- Brief Update
- Hourly Action In Gold From Trader Dan
- In The News Today
- Gold Stocks vs Bullion: Battle Time!
- Fear Looks Cheap Again
- John Kaiser: Rare Earths' "Tail Wagging the Dog"
- USD Index Trend Forecast Into Mid 2011, U.S. Dollar Collapse (Again)?
- Diamonds Aren’t Forever
- Tis the Season
- Gold Is The Best Asset Class To Be In
- Fed’s Bizarre Tactics Target Weaker Dollar
- LGMR: Gold & Silver Rally with Stocks as QEII and "Currency Crisis" Accelerate
- Gold Key Resistance Line Holding
- Things
- Tame Trading for Crude and Gold Underlined by Low Volume
- Crude Oil Falls on Profit Taking, Gold Moves Higher Despite Dollar Rally
- No White Flag in This Currency War
- Gold Vs Treasuries - Which Do You Believe?
- Correction in Precious Metals - How Low and How Long?
- Gold Stocks vs Gold Bullion. Battle Time!
- Jim Rickards - Last Gasp of the Fiat Money Regime
- Fed Takes Aim at Chinese Yuan - Fuels Commodity and Gold Rally
- Gold & Silver Rally with Stocks as QEII and…
- Asian Metals Market Update
| 3. Why Gold & Silver? - The Movie. $15,000 Gold? Here's Why. Posted: 12 Oct 2010 10:09 PM PDT
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| Gold May Surge to Record $1,650, Goldman Forecasts Posted: 12 Oct 2010 09:50 PM PDT Oct. 12 (Bloomberg) -- Gold may rally more than 20 percent from this month's record to a high of $1,650 an ounce in 12 months as the Federal Reserve takes action to stimulate the U.S. economy, according to Goldman Sachs Group Inc.
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| Dollar Drops Toward 15-Year Low Versus Yen After Fed Minutes Posted: 12 Oct 2010 09:48 PM PDT Oct. 12 (Bloomberg) -- The dollar fell toward a 15-year low against the yen and a record versus the Swiss franc as minutes of the Federal Reserve's September meeting showed the central bank was poised to ease monetary policy "before long."
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| Coming Hyperinflation Will Make You A Billionaire By 2020! Posted: 12 Oct 2010 07:49 PM PDT The National Inflation Association (NIA) believes that if the Federal Reserve doesn't reverse course immediately, we are on a direct path to all Americans becoming billionaires by the year 2020, if not much sooner. Being a billionaire in dollars won't mean anything. The wealth of Americans later this decade will be calculated based on how much gold and silver they own. We are at the beginning stages of a massive worldwide rush out of the U.S. dollar and into gold and silver. Words: 1021
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| Posted: 12 Oct 2010 07:35 PM PDT |
| Posted: 12 Oct 2010 07:21 PM PDT Jason Hamlin submits:
But investments don’t go up (or down) forever and astute investors are starting to question whether now is a good time to sell gold stocks. After all, there is certainly nothing wrong with locking in some profits after such a powerful advance and having cash to buy back at lower prices on the anticipated dip. Complete Story »
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| Is the Dollar Rally About to Kill Risk Assets? Posted: 12 Oct 2010 07:01 PM PDT Cullen Roche submits: Now here’s a winning stat for you. Based on the net speculative positions in the USD, there is a 100% chance (based on past occurrences) that the dollar will rally from here. According to a report yesterday from Credit Suisse, the US dollar has rallied 100% of the time from these levels on a 3 month basis. On a 1, 2 and 6 month basis, it has rallied 80% of the time (click to enlarge): Complete Story »
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| GoldSeek.com Radio Gold Nugget: Puru Saxena & Chris Waltzek Posted: 12 Oct 2010 07:00 PM PDT GoldSeek.com Radio Gold Nugget: Puru Saxena & Chris Waltzek
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| Still No Clear Excess of Enthusiasm for Buying Gold Posted: 12 Oct 2010 06:50 PM PDT Dr. Duru submits: Now that the bearish/selling signal for gold (and silver) seems ready to pass without incident, I thought I would take another look at a sentiment analysis on gold. Since little has changed in the three months since I concluded that skepticism towards gold remained high, I am taking a slightly different spin this time around. First, amazingly enough, Google searches on the terms “buy gold” and “sell gold” continue their meandering pattern of the last two years in the United States. If a bubble psychology had taken hold, one might expect new interest in gold to show up in search activity as new buyers search for how to get a piece of the action. Complete Story »
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| Value Investing Congress - Day 1: How 4 Top Hedge Funds Are Investing Posted: 12 Oct 2010 06:29 PM PDT Market Folly submits: We're pleased to present notes from the Value Investing Congress taking place Tuesday and Wednesday. Tuesday's notes include presentations from John Burbank (Passport Capital), Lee Ainslie (Maverick Capital), Francisco Parames (Bestinver Asset Management), and Amitabh Singhi (Surefin Investments). Complete Story »
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| Posted: 12 Oct 2010 06:18 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! October 12, 2010 05:33 PM U.S. Stock Market – I continue to believe we can get to 11,300 and even higher if the "Don't Worry, Be Happy" crowd get enough sheep to believe all we need is another big Fed easing and all will be well again. While I'm truly grateful to not have been on the wrong side of the market in years, I also realize each morning I put my pant legs on one leg at a time too. One of these days (or years) I will have to utter that word not often heard in and around Wall Street – I was wrong! Until then, I continue to believe a bearish call spreading strategy could come into play shortly after the elections. Gold – We're at one of the more interesting points in years. Not only are the fundamentals looking like a near perfect storm for us bulls, but we're also seeing momentum players becoming fixated on the long side of things. It ...
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| Hourly Action In Gold From Trader Dan Posted: 12 Oct 2010 06:18 PM PDT View the original post at jsmineset.com... October 12, 2010 10:22 AM Dear CIGAs, It appears that we have going on is Federal Reserve Officials heading for the microphones in an attempt to stop an outright blitzkrieg against the US Dollar. In three week's time, the Dollar has dropped 6% when measured against the basket of currencies comprising the USDX. I suspect that while nothing concrete may have emerged out of the past weekend's pow-wow to smoke the peace pipe and create a resolution regarding the currency wars, the US got an earful from their counterparts who are not the least bit pleased to see the stunt that they are pulling in deliberately devaluing the greenback. Thus we get the spectacle of seeing the very same people who brought us QE and have given every reason for market participants to fully expect another round of QE2, and I might add the green light to bond speculators to bid up the price of Treasuries, now suddenly shifting gears and acting as champions of frug...
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| Posted: 12 Oct 2010 06:18 PM PDT View the original post at jsmineset.com... October 12, 2010 12:17 PM Jim Sinclair's Commentary Andrew Cuomo, the Attorney General of NY State and probably the next governor, has issued subpoenas to our dear friends the banksters where ROBO signing of foreclosures states that the signatory has knowledge of all the particulars concerning each foreclosed home. That is an impossibility. This is not going away. What do the banks do regarding the securitized mortgages it sold? Buy them back? There isn’t enough money in all of their balance sheets put together. The political climate for bailout number two is not high. Florida's Attorney General is seeking meetings with the Bankster's foreclosure agents. Here comes 49 AGs. The banksters will not be able to keep this quiet. In other news, the media is silent on 2 subjects. Those are: 1. Pollution in the Gulf. 2. The war in Iraq. Jim Sinclair's Commentary At .8900, to even think the Yen would make it over the dollar ...
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| Gold Stocks vs Bullion: Battle Time! Posted: 12 Oct 2010 06:18 PM PDT Stewart Thomson email: [EMAIL="stewart@gracelandupdates.com"]stewart@gracelandupdates.com[/EMAIL] Oct 12, 2010 1. Repetition is one of the key building blocks of excellence. Factory owners know that replicating a small profitable production line with a big one is the key to massive expansion. Easier said than done. 2. Some say that repetition is boring, but if you ask a soldier in combat if repetition is boring, the answer is, altogether now, "No!". 3. In the market, buying price weakness and booking profit into strength seems boring, until you actually do it. Then you find yourself in a near life and death battle with your emotions of greed and fear. 4. Martin Armstrong has wondered out loud whether gold stands to break upside out of the defining bull market up channel. Or, whether it stands to collapse back to $1000 before blasting to new highs. 5. Most gold market investors don't have any tactics in place to handle either scenario, and are reall...
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| Posted: 12 Oct 2010 06:18 PM PDT The 5 min. Forecast October 12, 2010 01:03 PM by Addison Wiggin [LIST] [*] The VIX near six-month lows… and why it’s about to reverse [*] Marc Faber on an “important turning point” for interest rates and the dollar [*] Tiny nation, big worries… Bahrain’s U.S. ambassador spins a $200 oil scenario [*] A new gauge of U.S. decline: Wealth per person higher in… France? [*] The future catching you: Prepare yourself for “an expansion of ideas, innovation and wealth” [/LIST] Fear is looking cheap again. The Volatility Index fell yesterday to 18.98 -- its lowest level since April 29. That date happens to fall a few days after the Dow and the S&P hit their post-2007 highs… and a few days before the May 6 “flash crash.” If you’re not familiar with the VIX, it’s a measure of fear in the market, based on what people are paying for options on the S&P 500. Today, even as fear rises eve...
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| John Kaiser: Rare Earths' "Tail Wagging the Dog" Posted: 12 Oct 2010 06:18 PM PDT Source: Brian Sylvester of The Energy Report 10/12/2010 Newsletter Writer John Kaiser knows the rare earth elements (REE) market and its fundamentals better than most, and he tells the rare earths story with refreshing honesty. "To avoid supply disruptions, companies in need of REEs for products are being encouraged to set up manufacturing in China in the interim. Of course, that's not going over very well because that's extortion," he explains. In this exclusive interview with The Energy Report, John discusses the rare earth supply dearth and reveals some REE projects that are ready to step into the breach. The Gold Report: John, you write the Kaiser Bottom-Fish mining newsletter. How long have you been doing that and how has the business changed in that timeframe? John Kaiser: I have been involved in the junior resource sector since 1983 and as an independent newsletter writer/commentator since 1994. The first two decades of my career were focused largely on explorati...
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| USD Index Trend Forecast Into Mid 2011, U.S. Dollar Collapse (Again)? Posted: 12 Oct 2010 06:18 PM PDT Following the USD Index peak at 89 in early June 2010, the Dollar has been on a near relentlessly slide to the recent low of 76.90 which represents a 14% fall in just 4 months. The fall in the Dollar has again brought out the perma Dollar collapse proponents who have periodically come out to reiterate that the U.S. Dollar as measured by the USD index is destined to crash and burn which is set against the perma deflationists who continuously propose that DEFLATION will result in the Dollar rallying to new highs as a consequence of debt deleveraging, which again was most prevalent just as the U.S. Dollar peaked. Therefore this in-depth analysis will seek to conclude towards a probable trend forecast for the USD index into Mid 2011 (9 months forward). [B]Dollar Collapse.... Again ?[/B] In the face of the relentless dollar collapse mantra due to hyperinflation or the Dollar Soaring due to debt deleveraging deflation mantra for the past 3 years, the actual dollar trend is i...
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| Posted: 12 Oct 2010 06:18 PM PDT www.preciousmetalstockreview.com October 12, 2010 I brought something to the attention of subscribers early this morning and it’s just too important to not bring to the general publics attention as well. First I have to say, this in no way has any effect on my long-term physical holdings of bullion. It WILL NOT be traded or sold for years to come. There is a very powerful chart pattern out there termed a Diamond Top pattern. You can read much more about it by doing a quick internet search if you are so inclined Let’s take a real-life example of this pattern in action and the stunning result. In April and May after a huge run higher the S&P index traced out the Diamond Pattern which is shown on the chart. The flash crash then ensued. By no means do Diamond Patterns preceded flash crash type of events, that was a computer trading issue. But flash crash aside, you can clearly se...
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| Posted: 12 Oct 2010 06:18 PM PDT From the September 2010 HRA Dispatch David Coffin & Eric Coffin, HRA Advisories We are being told by both attendees and corporate sponsors that last week's subscriber session at Vancouver's Fairmont Waterfront was a great success. For that we want thank Nichola who works with us and with Keith, and Katy and Sabrina who work with Lawrence, and of course all of the companies who sponsored the session and made presentations. They are the ones who made the event a success. We also thank Al Korelin for moderating the forum. Al was also good enough to record the session and to post portions of it to his highly regarded website - http://www.kereport.com/. We will have links to videos of the day's presentations on our web site once that is ready to go. The topic on many minds was new all time high for gold's price and the eve of new 30 year price highs for silver. One question was in regards to whether gold or silver was the better metal to be in. The answer mirrored...
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| Gold Is The Best Asset Class To Be In Posted: 12 Oct 2010 06:18 PM PDT "Mortgage Turmoil. Monty Python's Flying Circus. Jon Stewart has a field day with it. JPMorgan's commodities chief on the hot seat. A new world food crisis in the making? A race between gold and a new paper currency... and much more. " Yesterday in Gold and Silver It was basically a nothing day in the gold market on Monday. Gold got sold off a bit at the Comex open in New York, but managed to recover that and a bit more by the time that floor trading was done for the day. In electronic trading, gold traded sideways into the close at 5:15 p.m. Eastern time. Silver's high of the day [like gold's] was early in the morning in Far East trading before that not-for-profit seller I mentioned in my column yesterday showed up at precisely 8:00 p.m. New York time on Sunday night in both metals. Silver declined fourty cents from that high by the time that London began trading... and basically traded sideways from that point. The world's reserve currency hit a botto...
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| Fed’s Bizarre Tactics Target Weaker Dollar Posted: 12 Oct 2010 06:18 PM PDT Is the Federal Reserve (Fed) experiencing a midlife crisis? Ever since Fed Chairman Bernanke gave a speech in Jackson Hole, Fed behavior can be summarized as, well, bizarre. According to Bernanke, the market’s inflation expectations may be too low. He considers three possible remedies: [LIST] [*]Conducting additional purchases of longer-term securities (quantitative easing); [*]Modifying the Committee's communication; [*]Reducing the interest paid on excess reserves. [/LIST] Here’s the problem with quantitative easing: even many on the Fed’s Open Market Committee (FOMC) doubt it will necessarily boost economic growth. What types of projects promoting economic activity will be initiated when extremely low interest rates are lowered further? One might argue that the problems faced by the economy is not that interest rates are too high, but that real estate prices have still not adjusted downward sufficiently. Instead of downsizing to homes mortga...
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| LGMR: Gold & Silver Rally with Stocks as QEII and "Currency Crisis" Accelerate Posted: 12 Oct 2010 06:18 PM PDT London Gold Market Report from Adrian Ash BullionVault 08:40 ET, Tues 12 Oct. Gold & Silver Rally with Stocks as QEII and "Currency Crisis" Makes Buying Bullion "Understandable" Says The Economist THE PRICE OF GOLD and silver rallied towards Friday's record-high closing levels in London on Tuesday lunchtime, bouncing after world stock markets and commodities had earlier fallen on reports that China is curbing new bank lending to cool its economy. Banking reserves must be raised by 0.5 percentage points to 17.5% of deposits, Goldman Sachs quoted Beijing officials. Now closely linked to daily moves in the Dollar gold price, the Euro currency slid to a 1-week low vs. the Dollar, and "as the Euro weakened versus Yen," says one Hong Kong dealer, "long-liquidation [in precious metals] took over, despite a couple of rounds of short-covering by traders." Gold and silver prices then rallied from $1341 and $22.93 per ounce respectively as European equities cut an earlier ...
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| Gold Key Resistance Line Holding Posted: 12 Oct 2010 06:18 PM PDT courtesy of DailyFX.com October 12, 2010 06:12 AM Daily Bars Prepared by Jamie Saettele Daily RSI has tested the November 2009 extreme and gold has also failed at its multi month channel line. An objective going forward remains 1405, which is the 100% extension of the 1048-1270 advance. A setback could find support at 1316 and 1292 (extensions)....
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| Posted: 12 Oct 2010 06:18 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! October 12, 2010 06:19 AM [LIST] [*]Bungling banks [*]Pandora’s Box [*]Cold chill to hit U.S. [*]Pension nightmare [*]The jig is up in the silver pits [*]Why we need an Italian President from New Jersey [/LIST] [url]http://www.grandich.com/[/url] grandich.com...
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| Tame Trading for Crude and Gold Underlined by Low Volume Posted: 12 Oct 2010 06:18 PM PDT courtesy of DailyFX.com October 11, 2010 04:16 PM Commodity trading was relatively light to start the week. A modest retracement from US oil would push the commodity back into a broader range and while gold pushed to a record high close, the pace was exceptionally restrained. North American Commodity Update Commodities - Energy Oil Falls Back into its Range as Trading Volume Drops by Nearly Two Thirds of Friday’s Turnover Crude Oil (LS Nymex) - $82.21 // -$0.45 // -0.54% Overall price action on the active crude futures contract was tame Monday as traders found little guidance in the form of fundamental catalysts or underlying risk appetite trends. For price action, the benchmark energy asset its third decline in six sessions. Notably, this market has not seen a back-to-back decline since the four consecutive, daily declines through September the 17th. This is a natural reflection of the buoyancy that is still retained by this market even if it struggles to put ...
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| Crude Oil Falls on Profit Taking, Gold Moves Higher Despite Dollar Rally Posted: 12 Oct 2010 06:17 PM PDT courtesy of DailyFX.com October 11, 2010 10:51 PM In the push-pull battle between a brightening economic outlook and profit taking, the latter won out—at least in the case of crude oil. For gold, the pattern was the same, with the metal notching yet another record high. Commodities – Energy Crude Oil Falls on Profit Taking Crude Oil (WTI) - $81.61 // $0.60 // 0.73% Commentary: Crude oil fell Monday, shedding $0.45, or 0.54% after getting as high as $83.50 early in the session. As we indicated yesterday, this week’s trade will likely be influenced by the push-and-pull of a constructive economic landscape versus profit taking considerations after a huge run. With crude now testing the top of a 12-month range, traders are opting to take profits rather than buy at these relatively high levels and hope for a breakout. The correlation between crude oil and U.S. equities has been rising in recent weeks and this trend will likely continue. A 20-day correlation coeff...
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| No White Flag in This Currency War Posted: 12 Oct 2010 06:13 PM PDT Annaly Salvos submits: In recent weeks, the Plaza Accord has been receiving a lot of attention, particularly after the IMF’s annual meeting in Washington concluded without making any progress on currency issues. If you recall, the Plaza Accord is the popular name given to an agreement struck in September 1985 by the world’s finance ministers—who met at New York’s Plaza Hotel—to engage in large-scale currency intervention. Why did they—James A. Baker III of the U.S., Noburu Takeshita of Japan, Gerhard Stoltenberg of West Germany, Nigel Lawson of the UK and Pierre Beregovoy of France—do it? In a word, imbalances. In a sentence, when Paul Volcker made liberal use of the Fed Funds rate to successfully fight inflation, some other consequences were a significant strengthening of the dollar, large trade deficits and reduced US export competitiveness, particularly vis a vis Japan. Complete Story »
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| Gold Vs Treasuries - Which Do You Believe? Posted: 12 Oct 2010 06:06 PM PDT Currently, the 10-year Treasury yield is setting new lows on a daily basis. In the financial models all economists were taught at school, this would be an indication of an economy with low inflation expectations and a strong currency. But the dollar has fallen over 12% since June, and the price of gold continues to hit all-time highs. These results are completely antithetical. Bonds are flashing a warning sign of deflation, while gold and the dollar presage hyperinflation.
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| Correction in Precious Metals - How Low and How Long? Posted: 12 Oct 2010 06:04 PM PDT We often field questions about the favorable entry point for long-term investments in gold. The answer is "now", as we do not suggest timing this correction with one's long-term capital. If one prefers to take the risk anyway and wait with the purchase for lower prices, we would still suggest purchasing metals with at least 2/3 of one's long-term capital and waiting to enter the market only with the remaining 1/3.
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| Gold Stocks vs Gold Bullion. Battle Time! Posted: 12 Oct 2010 06:01 PM PDT
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| Jim Rickards - Last Gasp of the Fiat Money Regime Posted: 12 Oct 2010 05:50 PM PDT  In yesterday's FT piece from Edwin Truman, he suggested America sell all of its gold, and listed reasons as to why gold was in a bubble. King World News reached out to Jim Rickards to get his thoughts, after yesterday speaking with the legendary Jim Sinclair regarding the same subject. Jim Rickards put together this piece exclusively for the KWN blog which deconstructs the arguments in the FT article from Edwin Truman with remarkable precision.
This posting includes an audio/video/photo media file: Download Now |
| Fed Takes Aim at Chinese Yuan - Fuels Commodity and Gold Rally Posted: 12 Oct 2010 05:44 PM PDT
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| Gold & Silver Rally with Stocks as QEII and… Posted: 12 Oct 2010 05:36 PM PDT
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| Posted: 12 Oct 2010 05:04 PM PDT It's all about the US dollar and the Federal Reserve for commodities. The ability to hold over key supports suggests they can rise five percent hereon. Watch the US dollar carefully.
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The rocket ship has finally blasted off for precious metals investors, who have seen massive portfolio gains over the past few months. Gold is up 17%, while silver is up a blistering 29% since late July. The Gold Miners ETF (| You are subscribed to email updates from Gold World News Flash To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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