saveyourassetsfirst3 |
- How to Escape from Debt Slavery
- Massive Drainage of silver at the comex/another failed raid/jobs report less than expected
- Buyers facing down the silver shorts, Turk tells King World News
- Beaten down euro in for another rough ride next week
- Gold Outlook 2011: Irreversible Upward Pressures and the China Effect
- Gold and Silver
- The Truth About Gold
- Gold Bounces as US Job Data Disappoints…
- January 7 : Demonetization of gold by the Jamaican agreement and the effect
- When Will Gold and Silver Go Down?
- Just One Stock: The Gold Explorer Looking for 'West Africa in Nevada'
- The Silver Rush Is On
- Ben Bernanke and the Price of Oil
- Gold & Silver CoTs hot off the presses…
- Real Silver Highs 3
- Silver mining in South Australia
- The S&P 500 & Gold Under Pressure on Friday
- New laws could could have a big impact on U.S. mining stocks
- Ben Bernanke: Don't expect the job market to improve anytime soon
- Gold. The $1260-$1500 RoadMap!
- Instead Of Using This Period Of Economic Stability To Party We Should Be Using It To Prepare
- Bunker Hunt’s Attraction to Silver: A History of Cornering the Silver Market
- Today in Commodities: Jobs Report a Non-Event
- Gold and Silvers Daily Review for January 7th, 2011
- Gold Bounces as US Job Data Disappoints, Hong Kong Gold Premiums Rise Further
- COT Silver Report - January 7, 2011
- Mistakes With Minimum Wage
- Gold Falls vs. Dollar, Hong Kong Premiums Rise on "Very Good" Asian Buying
- Another Review of Real Silver Highs
| How to Escape from Debt Slavery Posted: 08 Jan 2011 03:03 AM PST If you have poor, if you have net negative worth, there is hope. Once you have the bare necessities covered, buy silver. Don't expect inflation to bale you out. When we get a new currency system, your debt will likely still be there. What is coming is a dollar devaluation, not a hyperinflation with wages being adjusted. Dollar debt will be wiped out, but primarily with respect to gold, not with respect to wages. |
| Massive Drainage of silver at the comex/another failed raid/jobs report less than expected Posted: 08 Jan 2011 02:04 AM PST |
| Buyers facing down the silver shorts, Turk tells King World News Posted: 07 Jan 2011 11:15 PM PST Image:  The next item is a GATA release of a King World News blog with James Turk that Chris headlined "Buyers facing down the silver shorts, Turk tells King World News". This is an interesting read...and the link is here. |
| Beaten down euro in for another rough ride next week Posted: 07 Jan 2011 11:15 PM PST Image:  Roy's next offering is a Reuters piece headlined "Beaten down euro in for another rough ride next week". The euro fell 3.3 percent against the dollar this past week, its worst weekly loss since mid-August...and a respite next week will likely not occur given an avalanche of euro zone bond sales set to test the market's resolve. It's another short story...and the link is here. |
| Gold Outlook 2011: Irreversible Upward Pressures and the China Effect Posted: 07 Jan 2011 11:15 PM PST Image:  Just a few days ago I posted a commentary by Nick Barisheff, the CEO over at Bullion Management Group in Toronto. Now he has posted a copy of a speech he has given entitled "Gold Outlook 2011: Irreversible Upward Pressures and the China Effect". Nick's outlook for gold in the new year cites three key factors: central bank purchases, movement away from the U.S. |
| Posted: 07 Jan 2011 10:05 PM PST Gold And Silver Could Rally Until First Week Of February. Even though gold and silver took a big hit in the past few days, the charts show there is a major upside to come. Timing is hard to call but we do not expect prices to fall out of bed. Extorre Gold Mines Ten Day Chart Responds To Higher Gold As Price Gaps Up.
Note small chart at right. ABC gold correction is over. On a new cycle, waves one up and two down are complete. We are now in a three wave up; the largest wave in the five wave cycle set.         This posting includes an audio/video/photo media file: Download Now |
| Posted: 07 Jan 2011 06:06 PM PST
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| Gold Bounces as US Job Data Disappoints… Posted: 07 Jan 2011 05:58 PM PST |
| January 7 : Demonetization of gold by the Jamaican agreement and the effect Posted: 07 Jan 2011 05:00 PM PST GoldCoin |
| When Will Gold and Silver Go Down? Posted: 07 Jan 2011 02:06 PM PST When Will Gold and Silver Go Down? by James West - Midas Letter Published : January 07th, 2011 Gold and silver are in a bubble, if the bulk of economists and financial pundits are to be believed. With no dictionary definition of what exactly a financial bubble is, we are left to our own devices to interpret the significance of such a proclamation according to our own experiences. Lets say we consider a bubble the phenomenon whereby the prices paid for a given commodity, be it homes, coffee, copper, rubies or tulips, rises rapidly relative to an average market history timeline as a result of sudden and irrational investor demand, and then shortly thereafter sees a price collapse to a point lower than when the bubble started. Consistent with all commodities that can have been categorized as recipients of bubble phases over the last 200 years is that at that onset of the bubble formation phase, the utile value of the commodity in question becomes the subject of elevated speculation in anticipation of an increase in demand as a result of a predicted rise in utile consumption. In the bubble phase price curve, the steepness in the growth phase is exacerbated when the predicted increase in utile demand materializes, or is exceeded, which in turn fuels speculative demand for the commodity and its derivatives (ETFs, Futures, Options, etc). Without exception, when speculation combined with enhanced utile demand take prices for the commodity to such high levels that they start to negatively impact utile demand (as replacements are sought and/or fresh momentum forms in supply to capture the advantage of elevated prices and margins), the demand curve weakens, which generally triggers a massive bolt for the exits of the specs who are most on top of that data, which in turn starts a chain reaction whereby successively more distant speculators from the negative data source panic and sell as the price drop accelerates, precipitating the proverbial popping of the bubble. That, in essence, is the bubble life cycle as it applies to commodities. Bubbles were once more or less the result of natural market forces, the cyclical essence of markets driven by supply and demand. With the advent of Massive Capital Concentrations (multi-billion dollar investment funds, mutual funds, hedge funds, sovereign wealth funds, private wealth trusts etc), the effect on commodity prices from these speculative positions far exceeds, in many cases the potential effect from fluctuations in utile demand. Now banks, and their very close and incestuous relative, hedge funds, are generally in a position to occupy two distinct advantage points over Joe Blow investor on the street. A), they have greater access to capital, and B) they have superior access to data. In speculation, information is everything. Up until the age of computers and internet, which changed data and information transfer, as well as data and information analysis and strategy extraction, from long timeline processes to near instant timeline processes, MCC's used their large capital positions to clumsily influence bubbles great and small by distributing data selectively and manipulating market volumes and price movements sloppily. Now in the era of instant data flow and algorithmic decision processing, not only can MCC's encourage bubbles with surgical precision, they can very deftly manage the curves associated with the bubble phases. Profit is maximized when you can buy your entire position at the low, and then sell all or as much as possible at the high. Then, if you are in a position to control markets, you go massively short at the high, knowing that your influence and your capital resources will both drive the bubble pop phase into a nosedive, but you will be able to suck up all the shares all the way down, or at least half way down, covering your short when all the Joe Blow suckers sell you all their stock in utter desolation, not understanding that they've been played like a tiny little fiddle. The two commodities on the planet that are the exception to qualification for this scheme now, is gold and silver. And that's because they have an intrinsic monetary value that all other commodities lack. A thing can only be said to have monetary value if it is universally (globally), or nearly universally, accepted as a medium of exchange for goods and services. There are very few people on the earth who would not take gold or silver as payment for a service or good they were interested in selling. But only very specialized traders will take a barrel of oil off your hands or a skid of copper cathodes or a house or equities as a form of immediate payment for anything they might want to sell. This is the primary fallacy in the mainstream financial media's categorization of gold and silver as mere commodities. They are not. They are disqualified from that definition because of their intrinsic monetary value. And it is precisely that monetary value that prevents MCC's from participating any longer in the precious metals markets. The transactional volume in the physical gold and silver markets is puny. ETF's generally preclude manipulation because they need to take delivery of the physical gold and silver, unless they are ETF's based on derivatives, which are intrinsically worthless and most likely to collapse if they incorporate any kind of short/hedge strategy. The prices of both gold and silver have long been subject to price manipulation for various reasons. Most recently, silver has been the target of ebb and flow bubble manipulation schemes that have more or less been caught red-handed by serious market analysts who scream and shout from their hilltop epicenter embodied in the Gold Anti-trust Action Committee. Gata has been stridently screaming to anyone who would listen (which was mostly no one for the last decade) since 2000 that gold was being methodically price suppressed to impart the perception to the market by the largest criminal enterprise on earth, the U.S. Federal Reserve and the United States Treasury, that the U.S. dollar was a well managed and healthy currency. As we now almost universally know, that is not the case. One must be diligent not to buy the pure propaganda that emanates from the top universities on down to the Wall Street Journal that the Fed is an independent private enterprise. It is only private and independent in that it is not subject to the oversight and laws governing Federal Financial Institutions. Its influence, abuse, and fraudulent manipulation of markets and global economic public perception while using the public coffers of the United States citizenry makes these two institutions unequivocally a single criminal enterprise operating as public institutions. The now famous manipulation of silver prices in an effort to "corner the market" by the Hunt Brothers in the 80's, and JP Morgan's incrementally growing infamy as perpetrators of the latest fraudulent silver market manipulation, share as their motive only profit. Gold, on the other hand, whose motive for participation in a scheme perpetrated by the Fed, the U.S. Treasury, certain banks, and possible a certain major gold producer, were in the past initiated for profit, and I suspect that the value of the enterprise in orchestrating confidence in the U.S. dollar throughout the past decade was initially a serendipitous discovery that was promptly deployed as a weapon. In any case, the CFTC's increasing metamorphosis into a serious regulator from a puppet facilitator of such schemes has resulted in JP Morgan exiting the scheme largely as credible class action lawsuits from fleeced investors are empowered by the CFTC's own statements and findings. The outcome of that is decreasing macro and micro volatility (week to week) in both markets, and increasingly steady incremental price increases – especially in the macro view of the last decade). The ability to influence supply remains fixed at substantially less than 5% per year, thanks to the unavoidable difficulty in sourcing and extracting new supply. Therefore, the possible market, and potential bubble, cannot reach a sufficient size in terms of volume to accommodate the requirements of MCC's. They need massive volume of the physical commodity, and more importantly, an exponentially larger derivative market, that they can control and influence by virtue of the fact that they own the clearing houses and up until recently, the regulators who helped these markets stay 'dark" or non-reporting. The one downside as far as MCC's are concerned with the new instant world is that with comes increased transparency, whether they want it or not. The bigger an organization becomes, the more it must cannibalize itself to continuously evolve efficiently. People get fired, bumped, overlooked for promotion, shut out of deals, not invited to parties – all these things have the effect of originating new competing MCC's as resentment causes former members of MCCs to take their contacts with them and form new MCC's. The seeds of destruction of MCC's are thereby built into them in the form of egos. The one time the ruthless efficieny required from within MCC's gets trumped is when somebody's ego gets bruised. Thus Wikileaks. Thus Black Swans. Thus Bear Stearns and Lehman Brothers. Wending our way back to the gold and silver issue, the underlying commodity markets for gold and silver are limited, and now, thanks to the whole idea of position limits and transparency and reporting for derivatives markets, the size of any given derivative market must needs be directly proportional to the possible size of the underlying commodities market. Gold and silver exempt themselves from that manipulation because of their monetary aspect. They are complicated by their dual function designations. They are each money, and an industrial ingredient that is consumed. Because they are in growing demand as monetary stores of value as a direct result in the appropriately crumbling confidence in the U.S. dollar, the pound sterling, the Euro, the yuan, and the yen, which collectively constitute the 5 major currencies of global trade, they are sought increasingly (and somewhat ironically) by MCC's whose primary mandate is value preservation (Sovereign wealth, private wealth) as opposed to more speculative MCC's (private equity buyout funds, hedge funds, investment funds) whose continued existence depends more on their ability to generate profit in some risk/reward ratio configuration that attracts their investors. What is happening then, is gold and silver have left behind the human evolution point where they could be easily manipulated, and are increasingly resuming their primary roles as the primary medium of exchange for global trade. MCC's are holding gold, silver and their derivatives, bought only as cash equivalents because they are now the lowest risk currencies to hold out of all the global currencies. ETFs are, in essentially, a return to the original form of banking, whereby a certificate was issued to the bearer on whose behalf the bank was storing a quantity of gold equal to that stipulated on the certificate. Gold and silver are re-asserting themselves, in fact, as the only real money,(in terms of the definition of a globally accepted medium of trade) whose supply cannot be arbitrarily influenced by any single government, MCC, or special interest group. The more this awareness permeates the global general consciousness, the more that awareness will drive demand. Fringe pundits are absolutely right when they predict an exponential explosion in the prices for gold and silver. Never mind $2,000 an ounce, or $5,000 an ounce. I'm increasingly convinced that $30,000 to $50,000 per ounce for gold will be seen in this lifetime, especially as fiat currencies based on nothing are abandoned for mediums that more directly represent a real monetary asset, like gold and silver bullion. James West http://www.24hgold.com/english/news-...ames+West&k=1 |
| Just One Stock: The Gold Explorer Looking for 'West Africa in Nevada' Posted: 07 Jan 2011 12:15 PM PST William Baker submits:  Several times a week, Seeking Alpha's Jason Aycock asks money managers about their single highest-conviction position - what they would own (or short) if they could choose just one stock or ETF. William Baker is founder of Gaineswood Investment Management, a Baltimore-based RIA that manages equity portfolios for individuals, institutions, and an in-house limited partnership. A 25-year industry veteran, he previously worked as a portfolio manager at Reich & Tang, and spent nearly five years in portfolio management at Oppenheimer Mutual Funds. If you could only hold one U.S.-traded stock position in your portfolio (long or short), what would it be? Complete Story » |
| Posted: 07 Jan 2011 11:05 AM PST By Dr. David Eifrig, editor, Retirement Millionaire A couple years ago, I shared two shocking silver charts with DailyWealth readers. These charts showed how governments around the globe have abandoned silver as money. They've decided it's easier to expand a nation's credit with fiat paper money than to mine more silver. They've sold off their silver stockpiles to industry and investors. This trend is decades in the making. At first, much of this silver was used up in industrial manufacturing and processes like photography. That silver is gone forever. But starting around 1997, silver began flowing into private hands. Folks concerned with wars, investment bubbles, and mismanaged economies were buying it up. They turned to silver as a safe form of savings that can't be debased by a gang of spend-happy politicians. It was a modern day "silver rush." And buying silver back then was a smart move. The metal is up sixfold over the last 14 years… while stocks and real estate have struggled to do anything… while paper currencies have depreciated in value. The thing is, the silver rush is still on. I just recently updated those two charts. Take a look at where we are today…  The above chart shows how silver supplies are moving out of government reserves… and into the hands of private investors. Below, you'll find another chart. It shows sales of the U.S. Mint's popular Silver Eagle coins. Note the huge volume spikes on the right-hand side:  Demand for silver coins is taking off. It's up almost sevenfold from the mid-1990s. The public is catching on to the value of silver, and I expect this trend to continue for years. Since my first essay, the price of silver has soared more than 100% – from $13.50 to about $29 today. But over the long term, there's much more to come. Here's how I explained it in 2009: Governments around the world are behaving absolutely stupidly right now. Our vice president just said with a straight face that the government has to spend more money in order to save the nation from bankruptcy. That's crazy… but it passes for conventional wisdom these days. In my 30 years of investing, I've never seen so many risks in the financial system. That kind of "patriarchal thinking" is producing those risks. The stupid thinking I saw in 2009 hasn't gone anywhere. Governments across the globe are spending with abandon and creating big risks for savers and investors. That's why it's a good idea to keep a portion of your assets in "chaos hedges" like gold and silver. You should know, I'm not the kind of guy who lives in a concrete bunker. I don't think the world is about to end. I'm not anyone's idea of a "gold bug." I buy this stuff just like I buy car insurance. You should think of gold and silver as insurance against calamity. You should think of it as a safe store of wealth. As I've just showed you, many people are catching onto this line of thinking. I expect millions more will over the next few years… Here's to our health, wealth, and a great retirement, Doc Eifrig P.S. While demand for silver has changed a bit since my original advice, my preferred method to accumulate silver hasn't. If you haven't already stashed away a significant portion of your wealth in silver, this strategy is something you should consider. It's one of the cheapest, simplest, and most effective ways we know of to own real silver bullion. Believe it or not, it costs as little as $2.08 right now to get a stake in this investment. For details, take a look at this presentation… Source: The Silver Rush Is On
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| Ben Bernanke and the Price of Oil Posted: 07 Jan 2011 10:50 AM PST  Tim Iacono submits: Jon Hilsenrath at The Wall Street Journal listened to the Q&A session that followed Fed Chairman Ben Bernanke’s testimony before the Senate Banking Committee today and passes on this summary about the relationship between money printing and the price of oil.
Complete Story » |
| Gold & Silver CoTs hot off the presses… Posted: 07 Jan 2011 10:40 AM PST http://www.biiwii.blogspot.com Large speculators liked gold less on Tuesday. Bet they like it even less now. GOLD - COMMODITY EXCHANGE INC. Code-088691 FUTURES ONLY POSITIONS AS OF 01/04/11 | --------------------------------------------------------------| NONREPORTABLE NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS --------------------------|-----------------|-----------------|----------------- LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT -------------------------------------------------------------------------------- (CONTRACTS OF 100 TROY OUNCES) OPEN INTEREST: 592,613 COMMITMENTS 250,305 47,987 68,997 193,319 447,901 512,621 564,885 79,992 27,728 CHANGES FROM 12/28/10 (CHANGE IN OPEN INTEREST: -1,877) -7,840 5,630 -4,196 2,879 -2,309 -9,157 -875 7,280 -1,002 PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS 42.2 8.1 11.6 32.6 75.6 86.5 95.3 13.5 4.7 NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 360) 209 69 72 53 51 295 166 SILVER - COMMODITY EXCHANGE INC. Code-084691 FUTURES ONLY POSITIONS AS OF 01/04/11 | --------------------------------------------------------------| NONREPORTABLE NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS --------------------------|-----------------|-----------------|----------------- LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT -------------------------------------------------------------------------------- (CONTRACTS OF 5,000 TROY OUNCES) OPEN INTEREST: 136,931 COMMITMENTS 40,483 10,448 34,204 29,598 79,349 104,285 124,001 32,646 12,930 CHANGES FROM 12/28/10 (CHANGE IN OPEN INTEREST: -987) -1,056 1,028 866 -688 -1,828 -878 66 -109 -1,053 PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS 29.6 7.6 25.0 21.6 57.9 76.2 90.6 23.8 9.4 NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 172) 78 38 37 32 42 135 96 Source: Gold & Silver CoTs hot off the presses...
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| Posted: 07 Jan 2011 10:14 AM PST Thanks to its awesome autumn rally, silver has become something of a rock star in the commodities world. Investors and speculators alike are enthralled with this white metal. But with it just hitting new 30-year highs, many on Wall Street suspect silver is stretching to bull-ending extremes. However once silver's modern history is recast into real inflation-adjusted terms, this metal's secular bull is still looking young. |
| Silver mining in South Australia Posted: 07 Jan 2011 09:01 AM PST South Australia |
| The S&P 500 & Gold Under Pressure on Friday Posted: 07 Jan 2011 07:53 AM PST The S&P 500 & Gold Under Pressure on Friday With the holiday season in the rear view mirror and volume slowly creeping back into the marketplace, I can't help but wonder what lies ahead. The optimist in me is hopeful that the economy will continue to repair itself and the financial issues that plague the federal government, state government, and local governments will just go away as the economy rebounds. The only problem with my hope is that massive debts and deficits do not simply disappear and I fear the problem will be a long and lasting one. Federal Reserve chairman Ben Bernanke indicated that unemployment numbers are likely to remain stubbornly high for an extended period of time. He also made it clear that Quantitative Easing II was necessary and needed to be continued in a vain attempt to keep interest rates low. Since its inception, treasury rates have done nothing but increase which begs the question whether the program is really doing anything it was intended to do. In addition to our domestic debt issues, unemployment claims, and poor housing market we find that the crisis in Europe while somewhat muted, continues to manifest in a negative fashion. Nearly every where we look we are surrounded by fundamental issues which directly impact risk assets. These issues have been constant for quite some time and the S&P 500 has shrugged them off and powered higher. The S&P 500 has put on quite a run since the March 2009 lows, and while we have had several corrections and a "flash crash" along the way, we have yet to see a major correction turn into bearish market conditions. Is price action today an early warning sign that lower prices await us in the equities market. Is the U.S. Dollar going to breakout above the 50 period moving average and challenge the 83 price level on the weekly chart? If the resistance zone listed on the weekly chart failed the dollar would seemingly be poised to test the triple tops around the 88-89 price level. Quadruple tops is not a technical pattern that is recognized by many traders as the 4th mouse typically gets the cheese. The flip side would offer that if resistance around the 83 price level holds and the Dollar plummets risk assets would move higher. It is too early to tell what is going to happen, but active traders need to be monitoring the U.S. Dollar Index closely as it will provide clues as to the direction of the S&P 500 and gold. S&P 500 Friday's market action is indicative that lower prices may be awaiting us in coming days and weeks. A reversal has been potentially carved out, but it remains to be seen if a top is in. Picking tops in a long term bullish trend is a fool's game as bullish advances can be overbought for long periods of time as they advance higher. What is evident is that prices are being pushed lower and strong selling volume is confirming the potential for a longer term reversal. It is too early to tell if the price action is just working off overbought conditions or if this is a change in price action and market direction. The daily chart of the SPX illustrates the possibility that a reversal or the potential for an intermediate term top to be in. There are a few confirming signals that prices may continue lower. Recently Fridays have had relatively low volatility and light volume with the propensity to grind higher through the afternoon session and into the close. While the grind higher remains to be seen, volatility is rising. The Volatility Index (VIX) is trading nearly 3% higher on the day and is trading around the 18 price level as can be seen in the chart below. Price action remains at the upper bound of the lower channel. A breakout in the upper channel could result in additional selling pressure should that occur. Gold Futures Most gold bugs are expecting an outright U.S. Dollar meltdown. What if they are wrong? If you ask them the dollar is surely going to get destroyed and our way of life and standard of living is set for major changes. I do not know for sure what is going to happen, but if the crowd says the Dollar is sure to get killed, the contrarian trader in me wants to get long the dollar in a trade with a good risk / reward setup and defined risk. If we look at the gold futures it is obvious that they are moving lower and a serious correction could be taking place. If gold futures break down below the 1,330 – 1,315 support area a full fledged correction of 10% or more could take place. The next major support level in gold futures would be around the 1,250 area. The daily chart of gold futures illustrates the key price levels that are currently in play. Its hard to say what is going to happen on Monday or later next week, but based on the price action today it is going to be anything but ordinary. At this point I do not have a clear edge as to what is going to happen in the S&P 500 or gold. What I do know is that they are both under fire and the confirming signals in the VIX and financials is worthy of note. While I will not be jumping into either asset class with fresh capital, I will be watching closely to see if a low risk setup presents itself. Instead of trading based on a feel, a prediction, or a bias I intend to patiently wait to see what transpires next week before putting any capital at risk. Have a great weekend! If you would like to receive my Free Options Strategy Guide & Trade Ideas join my free newsletter: www.OptionsTradingSignals.com/profitable-options-solutions.php
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| New laws could could have a big impact on U.S. mining stocks Posted: 07 Jan 2011 07:41 AM PST From Mineweb: Planned new U.S. mine safety rules, following a blast that killed 29 men last year, will further raise costs for mining companies that already spent close to $1 billion between them upgrading safety measures four years ago, the mine industry said on Thursday. "It's challenging our ability to do the kind of rigorous analysis that can really improve mine safety, particularly as we're preoccupied with implementing major safety improvements in order to meet earlier requirements," Luke Popovich, a spokesman for the National Mining Association (NMA) lobby group, told Reuters. He was responding to new rules planned by the Labor Department's Mine Safety and Health Agency (MSHA). "Many of the major new proposals rest on technical studies that require significant review. That's why we are concerned about... Read full article... More on mining stocks: These mining stocks are about to explode higher Meet the junior mining stocks China is targeting now Casey Research: The No. 1 way to make a fortune in junior gold stocks |
| Ben Bernanke: Don't expect the job market to improve anytime soon Posted: 07 Jan 2011 07:39 AM PST From Forbes: Federal Reserve Chairman Ben Bernanke told the Senate Budget Committee the economic recovery is likely to be "moderately stronger" in 2011 than it was in 2010, but still insufficient to reduce the rate of unemployment significantly. ... Bernanke expects the unemployment rate to be close to 8% two years from now, and said it could take four or five more years for the job market to normalize. "Persistently high unemployment, by dampening household income and confidence, could threaten the... Read full article... More on jobs: What today's jobs report could mean for stocks Why unemployment could remain high for decades How to make the unemployment rate collapse immediately |
| Gold. The $1260-$1500 RoadMap! Posted: 07 Jan 2011 07:22 AM PST Super Force Signals A Leading Market Timing Service We Take Every Trade Ourselves! Email: trading@superforcesignals.com trading@superforce60.com Weekly Market Update Excerpt Jan 07, 2011 Gold and Precious Metals US Dollar Chart
Where are your liberties? Ask the banks. Your liberties are in their deepest vaults. What do you have in return? Paper money that might be going to zero. Was the trade worth it?
Gold Bullion. 6 Month Price Chart. Gold Bullion Analysis:
Gold Bullion 14 Month Price Chart
Gold Juniors – GDXJ Chart.
GDX- 9 Month Chart
GDX. Massive Breakout On 3 Year Chart
Silver 5 month Chart:
Work continues on my unique ARB TRADER program to mimic what the banks do with the triple leveraged ETFs to milk investors, and a January 14th hoped-for launch is on schedule. The inefficiencies in the structure of the ETFs can be exploited and Peter Lynch style profits booked while acting more as a bookie than a gambler in the market! Unique Introduction for Web Readers: Since mid October I have booked you almost 70 wins and zero losses. If you send me an email to alerts@superforcesignals.com I'll send you 3 of my Super Force Surge Signals, as I send them to paid subscribers, to you for free! I'll also include my new video"History and Outcome of Fiat Currency since 1971". Thank-you! The SuperForce Proprietary SURGE index SIGNALS: 25 Surge Index Buy or 25 Surge Index Sell: Solid Power. Stay alert for our surge signals, sent by email to subscribers, for both the daily charts on Super Force Signals at www.superforcesignals.com and for the 60 minute charts at www.superforce60.com About Super Force Signals: Frank Johnson: Executive Editor, Macro Risk Manager. Email:
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| Instead Of Using This Period Of Economic Stability To Party We Should Be Using It To Prepare Posted: 07 Jan 2011 07:18 AM PST 
But how are most Americans responding to the "good news" that the U.S. economy has stabilized for the moment? Many Americans are running right back out and are spending like it is 1999. Many Americans are viewing the slight improvement in some of the economic numbers as a sign that "happy times are here again" and they are behaving just as they did right before the financial crisis of 2008. Many of us have family or friends that are taking expensive trips, making huge purchases and partying as if the good times are never going to end. But is this wise? The fact that the official government unemployment rate declined to 9.4% in December has got a lot of people excited, including Barack Obama....
So is the fact that the unemployment rate declined slightly good news? Yes, it is good news. However, there are also a whole lot of reasons not to be so excited about this one piece of unemployment data.... *A big part of the reason why the unemployment figure was down in December was because the government considered 260,000 Americans to have dropped out of the labor force. *Federal Reserve Chairman Ben Bernanke says that unemployment is likely to stay very high for four or five more years. *The 103,000 jobs that were added in December was actually far below the 140,000 to 178,000 jobs that economists were expecting. *Gallup numbers tell an entirely different story when it comes to unemployment. According to Gallup, the unemployment rate actually rose to 9.6% at the end of December. This was a significant increase from 9.3% in mid-December and 8.8% at the end of November. *Not only that, but Gallup also says that the underemployment rate is moving up dramatically. According to Gallup, the underemployment rate in the United States increased to 19.0% during December, which was up substantially from 18.5% in mid-December and 17.2% at the end of November. *The percentage of Americans participating in the labor force is now the lowest it has been since the early 1980s. In December, the Labor Force Participation Rate fell to 64.3%. Over the last twenty years, the Labor Force Participation Rate has usually been around 66 or 67 percent. So do less Americans want jobs today? Of course not. What has happened is that millions of Americans have become so discouraged about the lack of jobs that they aren't even actively searching anymore. *The number of Americans working part-time for "economic reasons" continues to hover around all-time highs. *According to the Bureau of Labor Statistics, the number of Americans that have been out of work for more than 26 weeks actually increased in December. In November, there were 6.328 Americans in that category, and in December there were 6.441 million Americans in that category. So, as you can see, there are a whole lot of reasons not to get too excited about the employment numbers. But has the economic situation in the United States somewhat stabilized in the short-term? Yes, but this is not going to last forever. When you look at the longer-term economic trends they just keep getting worse and worse and worse.... #1 Every single month the U.S. government goes into even more debt. The U.S. government is now over 14 trillion dollars in debt and this debt in increasing by about 4 billion dollars every single day. #2 Even single month state and local governments across the United States go into even more debt. As I have written about previously, our infrastructure is literally crumbling and falling apart from coast to coast but our state and local governments can't do anything about it because they are drowning in a sea of red ink. #3 Every single month we are getting poorer as a nation. Every month we consume massive amounts of foreign oil and cheap, foreign-made plastic trinkets and we send the rest of the world hundreds of billions of dollars of our money. Unfortunately, very few of our politicians ever even mention this obscene transfer of wealth. #4 Every single month we send large numbers of our factories and our jobs overseas. Over the past decade, over 42,000 factories in the United States have shut down permanently and millions of good jobs have been outsourced and offshored. Those jobs and those factories are never coming back and America is rapidly becoming a "post-industrial" nation. #5 Every single month the United States continues to lose not only factory jobs, but also many other types of good paying "middle class jobs". In fact, since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs. Meanwhile, our population continues to grow larger. #6 Almost every single month the cost of basics such as food, gasoline and health care goes up faster than our incomes do. Inflation is a brutal "hidden tax" which is destroying the standard of living of middle class Americans. #7 Confidence in the U.S. dollar and U.S. Treasury bonds is starting to rapidly decline. When global confidence in the U.S. dollar and in U.S. Treasury bonds is totally gone, the entire world financial system will be thrown into total chaos and the U.S. economic system will fall like a house of cards. #8 We are being constantly looted and pillaged by those at the top of the food chain. Every single month the ultra-wealthy and the international banking elite drain even more money out of the system and transfer it to "offshore" banks. At this point, a third of all the wealth in the world is held in "offshore" banks. Right now we are still able to enjoy relatively good times because the rest of the world continues to loan the U.S. government massive amounts of cheap money and because the Federal Reserve has so far gotten away with printing gigantic piles of new money out of thin air. But this "can" cannot be kicked down the road forever. At some point, the greatest debt bubble in the history of the world is going to completely burst and the fallout is going to be nightmarish. So what should we all be doing? What we shouldn't be doing is partying as if the good times are going to last indefinitely. What we need to be doing is starting to prepare. So what are some things that we all can do to prepare for hard economic times? Well, the following are just a few of the columns I have authored in the past about prepping.... *20 Things You Will Need To Survive When The Economy Collapses And The Next Great Depression Begins Use this brief time of economic stability to prepare - once the economy falls apart it will be too late. Hopefully some of the readers of this column will be willing to share some of their best preparation tips. If you have got some tips and ideas that you would like to share with the rest of us, please feel free to post a comment below.... |
| Bunker Hunt’s Attraction to Silver: A History of Cornering the Silver Market Posted: 07 Jan 2011 07:17 AM PST Silver Monthly |
| Today in Commodities: Jobs Report a Non-Event Posted: 07 Jan 2011 07:10 AM PST Matthew Bradbard submits: More lost jobs and an unemployment rate that remains well above 9% was shrugged off after the initial fireworks. Crude oil did trade below the 50-day MA for the first time since late November but held on a closing basis. We would suggest starting to scale into longs in both futures and options, expecting this correction to be short-lived. We’ve yet to re-initiate longs in natural gas but next week, if $4.25 continues to support the February contract, we should have some bullish trade suggestions. Two negative days in the indices but in order to confirm that a setback is truly underway, we would like to see a settlement below the 20-day MAs; in the Dow 11500, and in the S&P 1250. The U.S. dollar has had an impressive run this week, but we expect the same level that capped the move in November should serve as solid resistance just above 82.00. As long as the 20-day MAs continue to hold on a closing basis, aggressive traders can remain long live cattle and lean hogs. The momentum remains down in both gold and silver, though we feel about 3/4 of the down cycle is complete. Likely on lower trade next week, we would advise covering shorts and getting long. Aggressive traders could get long 10-yr notes and 30-yr bonds with stops below the recent lows. Complete Story » |
| Gold and Silvers Daily Review for January 7th, 2011 Posted: 07 Jan 2011 07:05 AM PST
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| Gold Bounces as US Job Data Disappoints, Hong Kong Gold Premiums Rise Further Posted: 07 Jan 2011 06:58 AM PST
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| COT Silver Report - January 7, 2011 Posted: 07 Jan 2011 06:44 AM PST COT Silver Report - January 7, 2011. |
| Posted: 07 Jan 2011 06:30 AM PST As if China does not have enough problems with inflation as it is, being 5.1% overall and with 11.7% inflation in food prices, now, astonishingly, Bloomberg reports that "Beijing will raise the minimum wage by 20.8% in 2011, becoming the latest local government to lift pay in a country where inflation is running at the fastest clip in more than two years." Not only is that hefty 20.8% boost in wages going to be an instant increase in demand for all kinds of things that can't be instantly increased in supply, but it is the second raise in the minimum wage this year! Wages are rising, so demand for goods and services is rising, which means inflation in prices. Yikes! What in the hell are these Chinese morons thinking about? In perspective, the increase brings the minimum monthly income to, according to Bloomberg, 1,160 yuan, which they calculate as being the equivalent of $175 a month, which means that there are 6.62 yuan per dollar, which seems to be less than it used to be. Astonishingly, A Whole Lot Of Yuan (AWLOY) are going to be necessary because, again astonishingly, "The city will also raise pension and unemployment benefits." Wow! If you have achieved True Mogambo Enlightenment (TME), or if you have some tiny smattering of education about the history of the last 4,000 years, or even if you don't, you must instinctively know that creating more and more money, to give to more and more people, is a Gigantic Freaking Mistake (GFM). If it is NOT a GFM, then why hasn't every government in all of history done it, you moron? It is, alas, in some respects, not unlike that other GFM where you somehow agreed to marry, and then there was that GFM of having kids, and then that GFM of not immediately selling them on the open market when they were still young and cute and wouldn't imprint "dad" on me, but instead made another GFM by agreeing to "learn to love them," which turned out to be easier said than done, especially when they reach that age where they start getting "clingy" and want to "be with me", even though I am telling them, "Not now, sweetie! Daddy is busy writing hate mail to the evil Federal Reserve, telling them how much I hope they rot in hell because of the economic misery and suffering they have created when they spent decade after freaking decade creating more and more money, which will end, as such suicidal idiocy always does, in a painful, terrifying inflation, and the only people who will prosper will be people who own silver and gold, and enough firepower to keep the morons at bay! People like you and me, honey! Daddy's little darling! Sugar lumps! Now scram!" And then when kids get a little older, they start telling you how stupid you are, and how much they hate you, and how all they want is for me to love them, love them, love them and blah blah blah, and even though you retreat to the safety of the Mogambo Bunker Of Bunkers (MBOB) and slam the door, you can hear them through the walls, whining and bleating. Even so, creating more and more money to give to more and people is worse than that! In fact, continually creating excess money is the proverbial Primrose Path To Hell (PPTH), a fitting description because it looks so pretty and flowery all the way to the very gates of hell, whereupon nothing looks pretty or flowery ever, ever again, or until after you are dead, whichever comes first. And to prove once and for all that the Chinese central bankers and government officials are laughable idiots just like all the rest of the central banks and government officials Around The Freaking World (ATFW), the reason that Chinese local governments are "augmenting wages" and raising pensions, as unbelievable as it is, is to "head off worker unrest and help households cope with accelerating inflation." Hahaha! You can tell by my rude laugh that I am literally snorting in scorn and dismissive condescension at these Chinese idiots, who are now proved to be just like the rest of the corrupt idiots everywhere who think that the inflation in prices caused by previous inflations in the money will "head off" worker unrest because of inflation by giving them – Hahaha! – more inflation! Hahaha! Idiots! And being an Idiot-Proof Guaranteed Investment Winner (IPGIW) is just one more reason to buy gold and silver, as if you needed another reason to buy gold and silver! Whee! This investing stuff is easy! The Mogambo Guru Mistakes With Minimum Wage originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day." |
| Gold Falls vs. Dollar, Hong Kong Premiums Rise on "Very Good" Asian Buying Posted: 06 Jan 2011 04:45 PM PST
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| Another Review of Real Silver Highs Posted: 06 Jan 2011 10:00 AM PST Even if the climax of this secular bull isn't as massive as the late-1970s parabola for some reason, silver still has plenty of room to run higher. It could double or even triple from here, and still not get anywhere close to its all-time real high. |
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