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- Why America Should Relinquish Reserve Status for its Dollar
- Trading Week Outlook: April 25 - 29, 2011
- Market Question
- Low Premium Gold - 100 Corona and 50 Peso
- Does any one coin roll search? For silver
- Why Premium Concerns for PSLV Are Overblown
- Selection of Gold Mines charts, monthly
- What's Driving Gold and Silver Prices?
- Silver's Volatility Is Set to Increase
- The Day the Dollar Died
- The Gold Wars
- Why Gold ?
- Gold in the ancient world
- The Goldbug Variations IV
- Japan vs. USA: Same Depression with a Lag
- New Junior- Fire River Gold FAU.V/FVGCF
- I love my wife!
- Will Silver ever purchase as much as today?
- Where next for Gold-Silver and the SP 500 Indexes?
- Silver Shorts Feel the Burn
| Why America Should Relinquish Reserve Status for its Dollar Posted: 24 Apr 2011 06:19 AM PDT Conspiracy theory notwithstanding, claims that the reserve status of the U.S. dollar unfairly benefits the U.S. are no longer true. On the contrary, it has become a burden, both for America and the world. [Let me explain.] Words: 825 |
| Trading Week Outlook: April 25 - 29, 2011 Posted: 24 Apr 2011 04:01 AM PDT All Things Forex submits: Will the Fed change the direction of the market and stop the assault on the U.S. dollar by taking a step towards exiting its ultra-accommodative monetary policy, or will the U.S. central bank maintain the status quo and echo the familiar "extended period" statement? These will be the questions heavy on traders' minds in a busy week ahead, as all eyes focus on the Federal Open Market Committee monetary policy meeting, along with the preliminary estimate for Q1 2011 growth in the world's largest economy. Complete Story » |
| Posted: 24 Apr 2011 03:03 AM PDT What time (Eastern Standard) does the first overseas market open? I'm sure somebody knows, and I should, but I don't... Thanks. |
| Low Premium Gold - 100 Corona and 50 Peso Posted: 24 Apr 2011 02:25 AM PDT What do you think? Cheapest premium I can find for any gold coins at 1%...are these considered the 'junk' of gold coins? From what I understand, these gold coins were popular in 1974 when Americans were 'allowed' to own gold bullion again. The gold content of the Austrian 100 Corona is .9802 oz's pure gold. The gold content of the Mexican 50 Peso is 1.2057 oz's pure gold (the largest gold bullion coin on the market). |
| Does any one coin roll search? For silver Posted: 24 Apr 2011 02:23 AM PDT I was thinking of trying of buying a box of half dollars any one ever do this?:dance: |
| Why Premium Concerns for PSLV Are Overblown Posted: 24 Apr 2011 02:08 AM PDT Mike Scully submits: As of the close of markets on April 21, 2011 the premium on the closed end fund PSLV was at 22% of net asset value. Why on earth would anyone pay that kind of premium for a silver ETF when they could buy SLV at almost no premium or physical silver at a few percent over spot? That question has been the topic of several articles on Seeking Alpha and other financial sites. Most of them slam the high premium and conclude that people who buy PSLV despite the steep premium, are either conspiracy theorists or fools looking for a bigger fool to sell to. One article recommended going long SLV while shorting PSLV to play a kind of premium arbitrage game. (I don't know why you need arbitrage when you can just buy silver and watch it go up.) In this post I won't get into the validity of Complete Story » |
| Selection of Gold Mines charts, monthly Posted: 24 Apr 2011 02:00 AM PDT Bill Cara |
| What's Driving Gold and Silver Prices? Posted: 24 Apr 2011 01:17 AM PDT Gold and Silver continued making headline news last Wednesday and Thursday morning, with everyone reading this likely being well aware that both breached, and so far have held above, U.S.$1,500 and U.S.$45 respectively. At 11:30 a.m. ET last Thursday morning they were trading at U.S.$1,504.14 and U.S.$46.02. To put these two prices in context, on January 1, only 80 calendar days ago:
So what are today's gold and silver prices telling us?
The first question I ask is "what macro-economic events Complete Story » |
| Silver's Volatility Is Set to Increase Posted: 24 Apr 2011 12:13 AM PDT Mark O'Byrne submits: Gold and silver have surged to new record nominal highs in dollar terms (all time and 31-year) with the dollar falling sharply on international markets. Silver has continued to surge in all currencies and has surged to a new record nominal high of $46.25/oz (£27.85/oz and €31.54/oz) on growing rumors of a short squeeze involving a billionaire or state interest attempting to corner the silver market. Click all images to enlarge The massive concentrated short positions of some Wall Street banks Complete Story » |
| Posted: 24 Apr 2011 12:08 AM PDT Douglas Borthwick submits: March 31st, 2011 marked a significant change in the 'Grand Bargain' we have alluded to many times since late 2010. The pace of CNY appreciation going into March 11th was set by China, but tempered somewhat by the only country that had no inflationary forces begging for a stronger currency, and an export sector anxious about a stronger currency. That country was Japan. In meetings leading up to the G20, following on from the G7 joint intervention, Japan was essentially given a 'free pass' from the 'Grand Bargain'. It was allowed to weaken the JPY against its peers so as to regain a foothold in the region following the March 11th tsunami and ongoing Daiichi nuclear plant disaster. This 'free pass' for Japan was a signal to emerging economies that they could increase the pace of their local appreciation, and use currency appreciation as a tool to combat growing inflationary Complete Story » |
| Posted: 23 Apr 2011 04:45 PM PDT Gary North |
| Posted: 23 Apr 2011 04:30 PM PDT Cato |
| Posted: 23 Apr 2011 04:30 PM PDT goldipedia |
| Posted: 23 Apr 2011 04:00 PM PDT Gold University |
| Japan vs. USA: Same Depression with a Lag Posted: 23 Apr 2011 03:26 PM PDT Charts speak more eloquently than I can and they speak a brutal truth. Perhaps it is my scientific background or perhaps I appreciate the art that can be found in price charts. In either case, I prefer the message of charts to CNBC blowhards and other so-called experts. Anyone who currently has excess savings they want to invest is in the minority of the world's population. They are also likely "rich" and "evil" according to populist sentiment. In any case, these aren't the best of times for advanced/Western economies. We are currently in the midst of an unmistakable secular bear market for general equities in the United States. Such bear markets don't end with the current obscene valuations and they don't end because government saves the day. If it were only true, writing everyone a check for $700 billion dollars (i.e. treating everyone like a Wall Street bank) would bring endless prosperity and create an endless bull market. The piper waits patiently, knowing that he will be paid. Currency debasement and allowing survival of the most unfit is not the way to restore a secular bull market. Ask Japan how QE1, QE2, and QE3 helped their stock market for the long haul. Speaking of Japan, do you realize that we are on a similar course when stock markets are priced in Gold? I am not saying deflation of inflation, I am saying "priced in Gold." Only Gold bulls are used to such pricing strategies, but it is time for reality to intrude on the paperbug world. Whatever monetary chaos we are in store for, Gold will outperform stocks over the next several years. This is open for debate in my mind as much as the question of whether fiat money will retain its value over the next decade is open for debate. Believe what you will. But notice the "phase shift" chart message between Japan and the USA shown below. The chart is a monthly log scale chart of the Nikkei stock index ($NIKK, the main Japanese stock index) divided by the price of Gold ($NIKK:$GOLD), shown in a black and red candlestick format, versus the Dow to Gold ratio ($INDU:$GOLD), shown in a black line format:
Same chart with a phase shift, no? The corrections in this ratio lasted longer for Japan because they entered their secular depression when everyone else's economy was booming. We don't have that luxury, so our corrections in the Dow to Gold ratio have been shorter. We are about to begin the biggest leg down in this ratio since the "secular bear market" in this ratio began in 1999. This is not a drill and this is not a call for the end of the world. Be careful out there if you're not in the precious metals sector.
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| New Junior- Fire River Gold FAU.V/FVGCF Posted: 23 Apr 2011 12:11 PM PDT Okay here is the info: Tickers FAU.V or the American side is FVGCF for the otcbb market Top 10 reasons that its going to $2. 1. Sprott owns over 12% of it found here Click here to Read Stats 2. Going into PRODUCTION by end of summer 3. Pulling out weekly drills that reminds me of Aurelian Resources (look that shit up on youtbe) of 65.3g/t (1.90 opt) Gold Over 5.5 m (18.0 ft), 144 g/t (4.2 |
| Posted: 23 Apr 2011 11:51 AM PDT Today my wife called me from a garage sale saying that they had a 4 oz silver bar for sale. She wheeled and dealed and got it for $50. My wife rocks!:banana: See pic. |
| Will Silver ever purchase as much as today? Posted: 23 Apr 2011 08:55 AM PDT Sure Silver can go to $100 per oz, but gas will likely be $30 per gallon by then.. Is this the strongest Silver will be in relation to what it can buy in US dollars? |
| Where next for Gold-Silver and the SP 500 Indexes? Posted: 22 Apr 2011 05:29 PM PDT |
| Posted: 22 Apr 2011 05:25 PM PDT Clif Droke |
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