Gold World News Flash |
- Why Gold & Silver? - Silver To Outperform Gold?
- 2010-10-15 Investing in gold: how much can you lose?
- Daily Dispatch: More on the Case for Silver
- Mr. T Sell Signal?
- Gold/Bond Ratio Chart From Trader Dan
- Jim?s Mailbox
- In The News Today
- Hourly Action In Gold From Trader Dan
- Grandich Client Timmins Gold
- GOLD: Strong Bullish Action
- Technology Trumps Entitlements
- Silver Take Off: Are The Shorts Beginning to Cover?
- LGMR: "Aggressive Investors" Target $1400 Gold and $25 Silver
- Gold Eyes 1400
- Grandich Client Crocodile Gold
- Things
- Market Commentary From Monty Guild
- US Dollar Nosedives Through .7700 USDX
- The October 14, 2010 edition of Casey's Daily Dispatch, now available
- News Flash! The Fed Has Declared That It MUST Create Inflation! Got Gold?
- Why the U.S. Has Launched a New Financial World War -- and How the Rest of the World Will Fight Back
- QE2 and Other Economic Policies: When Good is Just Plain Bad
- Global Currency Meltdown
- Gold and Stocks Can’t Dance Together Forever
- Real Silver Highs
- Dollar Down vs. Everything
- "Aggressive Investors" Target $1400 Gold and…
- "Aggressive Investors" Target $1400 Gold and…
- Asian Metals Market Update
| Why Gold & Silver? - Silver To Outperform Gold? Posted: 14 Oct 2010 09:43 PM PDT
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| 2010-10-15 Investing in gold: how much can you lose? Posted: 14 Oct 2010 07:48 PM PDT Have you ever wondered about how much you can actually lose by investing in gold? We wondered, did some reasearch, and the outcome is very interesting. A look at the past 177 years of the gold price reveals that unexpected write-offs are non-events—gold could be the safest investment out there.
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| Daily Dispatch: More on the Case for Silver Posted: 14 Oct 2010 07:08 PM PDT October 14, 2010 | www.CaseyResearch.com More on the Case for Silver Dear Reader, Warming up the digits this morning, I can’t help but note that gold broke in to new record territory – above $1,380 in the overnight markets. A new record in nominal terms, that is. To top the previous high in inflation-adjusted dollars, gold will have to approximately double from here. Silver, however, hasn’t even made it halfway back to its prior nominal high of $49.45 an ounce, achieved on January 21, 1980. In order to break in to new territory in inflation-adjusted dollars (using the same CPI calculation methodology used in 1980), silver would have to rise to over $250 an ounce – five times where it is today. Since I’ve strayed into the topic of silver, I want to briefly expound on the silver stats I mentioned in passing following our recently concluded Gold & Resource Summit. Urged on by one dear reader...
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| Posted: 14 Oct 2010 07:08 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 14, 2010 03:20 PM I took to task a couple of TV commentators for bringing on a guest who claimed the fact that Mr. T was back in the news was a major sell signal for gold. That was hundreds of dollars lower and totally foolish from the start (and the TV person didn’t take kindly to my comments) Well Mr. T is back in the news and some may think it’s a sell signal given his pitch for gold. But is it a pitch if he’s encouraging people to sell their gold to those “nice people” who “kindly” buy it from you through the mail and such? I think Mr. T has said in the past what would best describe these folks who “mail in” their gold [url]http://www.grandich.com/[/url] grandich.com...
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| Gold/Bond Ratio Chart From Trader Dan Posted: 14 Oct 2010 07:08 PM PDT View the original post at jsmineset.com... October 14, 2010 04:11 AM Dear CIGAs, Click image to enlarge today's Gold/Bond Ratio chart in PDF format with commentary from Trader Dan Norcini ...
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| Posted: 14 Oct 2010 07:08 PM PDT View the original post at jsmineset.com... October 14, 2010 06:07 AM Capital Flow Reflect Intensifying Currency Induced Cost Push Inflation CIGA Eric Currency Induced Cost push inflation (CICPI) is well defined by a system that continuously balances reward relative to risk. This is the lesson from history that requires no "belief". A lesson discussed in Adam Smith’s Wealth of Nations. The trends continue to reflect the intensifying effects of CICPI. Gold, silver, commodities, stocks, and soon bonds (from a US dollar perspective) show the signs of capital balancing reward against risk. The smaller markets such as gold, silver, art, rare collectibles are far more sensitive to CICPI. Thus, they move first with great amplitude. Bigger markets, such as commodities and stocks, tend to lag but will also receive safe haven capital flows. The whole sequence ends with a rejection of bonds. This is why the trend in bonds and bond auction results are so important. 10-Year Note Aucti...
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| Posted: 14 Oct 2010 07:08 PM PDT View the original post at jsmineset.com... October 14, 2010 09:55 AM Jim Sinclair's Commentary Bloomberg's gab session made a point. Looking directly at the camera a pan-expert interviewer said "Remember, the dollar goes down and therefore commodities go up." This is a definition of currency induced cost push inflation. Jim Sinclair's Commentary This video makes the connection between the present mortgage crisis and the OTC derivative securitized mortgage debt, which is larger than 2 trillion, clear. Jim Sinclair's Commentary Here is a brilliant suggestion. Just make larger packages of demonic financial junk at a marked up price and write more OTC derivatives on it. God protect us from the Banksters. They are going to stuff the remaining functional pension funds. The plan should be called Re-Relics Bank of America Re-Remics Cut Mortgage Debt as Basel Rules Loom 2010-10-14 04:01:00.12 GMT By Miles Weiss and David Mildenberg Bank of America Corp., seeki...
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| Hourly Action In Gold From Trader Dan Posted: 14 Oct 2010 07:08 PM PDT View the original post at jsmineset.com... October 14, 2010 10:06 AM Dear CIGAs, Watching the overnight action, particularly as trading moved into early European dealings, one would have thought that the wheels were coming off of the global economic bus. The Dollar was collapsing, the Euro was soaring, gold was hitting record highs above $1,388, silver was threatening to take out $25 and copper, platinum and palladium were all putting in huge upside moves. That is until later in the morning in Europe where the sleepyheads, arriving late to the party, were convinced that Chicken Little was wrong (someone tell that to the cotton market where it is again locked limit up and threatening to derail the entire textile mill industry). Gold slowly began coming off its highs and faded as it came into New York moving down more than $15 off its best overnight level at one point. Silver followed suit and faded considerably off its peak. Apparently, there still remains plenty of willing and eage...
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| Posted: 14 Oct 2010 07:08 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 14, 2010 01:55 PM Read [url]http://www.grandich.com/[/url] grandich.com...
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| Posted: 14 Oct 2010 07:08 PM PDT by Mary Anne & Pamela Aden Gold's strength is unusual. Just when we thought that gold was taking a breather from its stellar rise, it quickly turned up. Gold has already surpassed its June record high. Its decline through July was moderate, giving up less than 8%, and this action is bullish. Someone is clearly buying up gold at every opportunity. Is it central banks, hedge funds, or nervous investors? We think it's all of the above. A NEW ERA Many believe that gold will have a sharp decline before another up leg gets underway. It's a rare time in history to see gold rise steadily for almost two years, without more than a 14% correction. This alone is why another leg up is unexpected. This month, however, marks a year since gold broke into a stronger phase of its decade-long bull market when it closed above $1,000. If gold continues to rise, it will clearly reinforce that a stronger phase in the new era of precious metals is indeed underway. GROWTH MARKET Gold de...
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| Technology Trumps Entitlements Posted: 14 Oct 2010 07:08 PM PDT The 5 min. Forecast October 14, 2010 11:12 AM by Addison Wiggin [LIST] [*] How science could rescue us from the looming Medicare meltdown [*] Dollar down, gold up (again)... Richard Russell on how long it can last [*] Stocks fail to rally on dollar weakness... The number that’s a drag on the market [*] White House unveils ingenious successor to “cash for clunkers” [*] “I love the free stuff”... Longtime readers have a message for newbies [/LIST] We begin this morning with a radical thought: The advancement of science and technology might -- just might -- help contain the entitlement mess we’ve warned about for lo these many years. Consider just two figures… [LIST] [*] The Medicare program faces an unfunded liability of $38 trillion over the next 75 years. (When we filmed I.O.U.S.A. just over two years ago, it was $34 trillion) [*] The cost of caring for U.S. heart disease patients amounts to $316 billion a year, accordin...
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| Silver Take Off: Are The Shorts Beginning to Cover? Posted: 14 Oct 2010 07:08 PM PDT Yesterday in Gold and Silver Gold rose about five dollars in Far East trading yesterday... and then was up about ten bucks at 11:00 a.m. in London... and was up about that amount until the London p.m. gold fix was in at precisely 3:00 p.m. local time... 10:00 a.m. in New York. Then gold shot up about fifteen bucks during the next hour. I would guess that it was a short covering rally, but I wouldn't bet the ranch on that. At 11:00 a.m. Eastern time, the buyer disappeared... and the gold price basically traded sideways for the rest of the New York session. Gold's high of the day was $1,375.30 spot, which occurred minutes before 11:00 a.m. Eastern time. Silver was the star of the day, gaining twenty cents by 1:00 p.m. Hong Kong time yesterday afternoon. It basically traded sideways from that point until 9:15 a.m. in New York... and then away it went to the upside. The price action looked pretty orderly to me, so I doubt that there was much short covering...
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| LGMR: "Aggressive Investors" Target $1400 Gold and $25 Silver Posted: 14 Oct 2010 07:08 PM PDT London Gold Market Report from Adrian Ash BullionVault 09:40 ET, Thurs 14 Oct. "Aggressive Investors" Target $1400 Gold and $25 Silver as Global Currency Crisis "Is Upon Us" THE WHOLESALE PRICE of gold and silver bullion retreated from fresh record highs against the Dollar early Thursday afternoon in London, slipping back from overnight jumps of 1.3% and 4.5% respectively as the US currency's latest plunge paused. European stock markets reversed early gains, but Asian stocks ended the day more than 1.5% higher on the MSCI index, as the Japanese Yen squashed the Dollar to a new 15-year low beneath ¥81 and the Euro leapt above $1.41. "It is no wonder the rally of precious metals has been relentless," said a Hong Kong dealer of Thursday's Asian trade. "Silver led the pack higher...Then gold took over. "[Platinum and palladium] have been relatively tame...failing to hurdle last week's highs." With crude oil rising back above $83.50 per barrel today, the Canadian Dollar broke ...
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| Posted: 14 Oct 2010 07:08 PM PDT courtesy of DailyFX.com October 14, 2010 06:29 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. Only a drop below 1340 would suggest a trend change....
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| Grandich Client Crocodile Gold Posted: 14 Oct 2010 07:08 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 14, 2010 04:50 AM News today This* area is within 15km of their mill. I believe the Croc plans to fast track it for low cost production by early 2011. [url]http://www.grandich.com/[/url] grandich.com...
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| Posted: 14 Oct 2010 07:08 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 14, 2010 05:02 AM [LIST] [*]Goldman sees $1,650 gold. Is there hope yet for Tokyo Rose…Nah! [*]Dollar down, inflation up [*]Pushing on a string [*]What’s another trillion or two among friends? [*]America’s 21st Century Titanic sailing [*]Bunker Mentality [*]Canadians struggle too [*]Glad I went Loonie [*]Gold the final refugee [/LIST] [url]http://www.grandich.com/[/url] grandich.com...
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| Market Commentary From Monty Guild Posted: 14 Oct 2010 07:08 PM PDT View the original post at jsmineset.com... October 13, 2010 05:21 PM Jim Sinclair's Commentary Wake up! Currency induced cost push inflation has taken hold. It will result in hyperinflation that will come upon you in a flash. 1. The stock market is a perfect example. 2. Commodities are going wild. Do not kid yourself, it has little to do with fundamentals. 3. Governments think they are devaluing their currency, but markets are. Wait till they want to revalue their currency and nothing whatsoever happens. 4. The only reason long bonds have not yet broken wide open is non-economic buying called QE. 5. QE to infinity is not a choice. There is no other alternative. 6. It has totally hit the fan. 7. Gold is going to $1650 and even higher after that. 8. The dollar will make new lows. 9. There is no stopping this locomotive speeding to the bottom. Dear CIGAs, The U.S. has been successful in devaluing its currency. The U.S. dollar is down by 13% in the ...
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| US Dollar Nosedives Through .7700 USDX Posted: 14 Oct 2010 07:08 PM PDT View the original post at jsmineset.com... October 13, 2010 06:02 PM My Dear Friends, The US dollar just blew through .7700 USDX on the downside. It now sits at .7671 Currency induced cost push inflation is upon us. Gold is going to $1650 much faster than most of you anticipate. Respectfully, Jim Click chart to enlarge today's USDX action in PDF format with commentary from Trader Dan Norcini ...
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| The October 14, 2010 edition of Casey's Daily Dispatch, now available Posted: 14 Oct 2010 06:43 PM PDT More on the Case for Silver
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| News Flash! The Fed Has Declared That It MUST Create Inflation! Got Gold? Posted: 14 Oct 2010 06:36 PM PDT In... September's Federal Open Market Committee minutes, the Fed officially announced that ... "Unless ... underlying inflation moved back toward a level consistent with the Committee's mandate, they would consider it appropriate to take action soon" and take "... possible steps to affect inflation expectations." That's Fed-speak for a MANDATE TO CREATE INFLATION! Words: 694
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| Why the U.S. Has Launched a New Financial World War -- and How the Rest of the World Will Fight Back Posted: 14 Oct 2010 06:27 PM PDT What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1 per cent interest cost? This is the game that is being played today. Finance is the new form of warfare - without the expense of a military overhead and an occupation against unwilling hosts. It is a competition in credit creation to buy foreign resources, real estate, public and privatized infrastructure, bonds and corporate stock ownership. Who needs an army when you can obtain the usual objective (monetary wealth and asset appropriation) simply by financial means? All that is required is for central banks to accept dollar credit of depreciating international value in payment for local assets. Victory promises to go to whatever economy's banking system can create the most credit, using an army of computer keyboards to appropriate the world's resources. The key is to persuade foreign central banks to accept this electronic credit. U.S. officials demonize foreign countries as aggressive "currency manipulators" keeping their currencies weak. But they simply are trying to protect their currencies from being pushed up against the dollar by arbitrageurs and speculators flooding their financial markets with dollars. Foreign central banks find them obliged to choose between passively letting dollar inflows push up their exchange rates - thereby pricing their exports out of global markets - or recycling these dollar inflows into U.S. Treasury bills yielding only 1% and whose exchange value is declining. (Longer-term bonds risk a domestic dollar-price decline if U.S interest rates should rise.) More Here.. 
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| QE2 and Other Economic Policies: When Good is Just Plain Bad Posted: 14 Oct 2010 06:15 PM PDT Bruce Krasting submits: A guy I know for a long time calls up to bitch about my rants on Bernanke and the QE. He is a 2&20 Wall Street “buy side” type. He’s been at it for a long time. He says to me: This guy is coining money on the prospect of QE, he will probably rake in more when it is a reality. We shall see if this all works out, but one can’t argue the fact that from his perspective QE=Good. There are so many things that we contemplate as being “good” when in fact they are really not good. To me, saying,” QE is good” is like saying. “War is good for the economy”.
Complete Story »
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| Posted: 14 Oct 2010 06:06 PM PDT As the recession and resultant stimulus packages add to higher unemployment and increasing public-sector deficits, the government is seeking to boost the value of overseas earnings that are accrued by US corporations. To aid in this effort, the Fed is being pressured to erode the value of the US dollar, thereby making foreign sales more lucrative in nominal terms. But this form of stealth protectionism will fail just as surely as more overt trade barriers.
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| Gold and Stocks Can’t Dance Together Forever Posted: 14 Oct 2010 06:01 PM PDT Stocks and bullion are moving so closely in-step these days that gold bugs may soon find themselves in the uncomfortable position of rooting for higher share prices. For many of them this will be quite a stretch, since gold and silver are popular now mainly because they're regarded as hedges against the kind of economic disaster that would sink the stock market.
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| Posted: 14 Oct 2010 06:00 PM PDT
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| Posted: 14 Oct 2010 05:56 PM PDT Kurt Brouwer submits: The U.S. dollar has been getting kicked around the block and it cannot even get any respect from those who are supposed to defend it. In fact, U.S. Treasury Secretary Timothy Geithner has been actively talking the dollar down for months. Well, if that is what he wanted, he is getting his wish. And, at the Federal Reserve, all this talk of printing money (AKA quantitative easing) is also pushing the dollar down in a classic example of supply and demand. This Wall Street Journal report tells the tale [emphasis added]: Complete Story »
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| "Aggressive Investors" Target $1400 Gold and… Posted: 14 Oct 2010 05:34 PM PDT
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| "Aggressive Investors" Target $1400 Gold and… Posted: 14 Oct 2010 05:34 PM PDT
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| Posted: 14 Oct 2010 05:04 PM PDT Traders and investors are aggressively pricing that the Federal Reserve will start another set of quantitative easing anytime soon. This is the only reason for commodities to rise. There is no other reason. Gains in the yen are further supporting gold and other commodities. Momentum has defied the technical and it's better to trade with the technical using higher stop losses.
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