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Economic Justice Equals Prosperity
Interview With Peter Schiff: Prepare For QE3 With Foreign Currencies
10 Stocks To Watch This Week
Stock Market Ignored U.S. Rejection Of IMF's Proposal
This past week in gold
Gold, Gold, Gold… What About Silver?
The History of Money: Georgia
Finews interviews James Turk
THE MOST IMPORTANT DECISION BERNANKE WILL EVER MAKE
Gold vs. Gold Mining: The Wrong Question, Part II

Posted: 16 Oct 2011 06:10 AM PDT

As an admittedly enthusiastic supporter of the "Occupy Wall Street" movement, I will be the first to acknowledge that the message emanating from this grassroots populism is lacking in sophistication. This is neither surprising, nor in any way does it denigrate the noble intent of these people.

Having written extensively on the massive economic/social injustice which permeates our societies along with the reasons of how and why this injustice exists, I understand precisely why the protesters of Occupy Wall Street all know that "something" is seriously wrong, but they cannot precisely identify what that something is. Part of the deliberate intent of our economic oppressors was to plunder our wealth using two vehicles which the vast majority of us find totally incomprehensible and absolutely boring: banking and taxation.

If you want to put someone to sleep, or drive people away from you at any/every social gathering, simply start to discuss the massive deficiencies of our monetary system or our taxation system. Indeed, I live with this frustration on a daily basis.

It's quite easy to attract an audience these days by documenting the scope and magnitude of the massive economic injustice in our societies – which has now reached an all-time extreme. However, begin to detail precisely how our monetary system and tax systems have been "rigged" in order to rob us blind, or even expressly point to the actual solutions to these problems and interest dwindles.

The lack of willingness among the majority of the population to learn about these issues because they are "too complicated" or "too boring" is, of course, a reflection of the endemic apathy which has gripped our societies for several decades now. Sadly, this is a natural symptom of the affluence which existed in the decades prior to our economic exploitation. Even more tragically, this mass-apathy has been ruthlessly capitalized upon by the "top 1%", or as I regularly label them: the ultra-wealthy.

One of the eternal lessons of history, however, is that "greed" is always short-sighted. The same people who have devoted every waking minute to how they could plunder as much of our wealth as possible were too intellectually-stunted to devote a single minute of serious thought as to how they would keep all of the wealth that they had misappropriated and hoarded.

Systematically stealing from a population of affluent-but-apathetic drones does not require much skill or even effort when our entire economies have been turned into one, giant rigged casino – with the banksters as "operators". Conversely, with the vast majority of our populations now having been impoverished by this relentless plundering, the masses are no longer apathetic, and are finally ready to pay attention.

Wall Street and the ultra-wealthy are about to learn the same lesson which has been "taught" to those on top over and over again, throughout (at least) two thousand years of history (but never learned by these parasites): it is much easier to steal from the people than it is to keep what you have stolen.

Their obsessive, excessive greed blinds them to the simple arithmetic which has always doomed such acts of excessive plundering. When the ultra-wealthy steal and hoard too large a portion of overall wealth, the hollowing-out of the economy dooms it to inevitable collapse. That collapse, in turn, generates the "political will" (in one form or another) to take back a portion of what was stolen and then redistribute it among the general population.

Then this whole, futile cycle of greed starts all over again.

Interview With Peter Schiff: Prepare For QE3 With Foreign Currencies

Posted: 16 Oct 2011 01:39 AM PDT

By Investment U:

By Garrett Baldwin

High volatility… European uncertainty… Long-term prospects looking difficult for the dollar… The Feds are throwing ideas at the wall and hoping something sticks. Investors, meanwhile, remain nervous. That's why we are always reaching out to the most well-known figures in finance to get their take on current events and the markets.

In the most recent segment of our Interview Series, we sat down with Peter Schiff. The CEO and Chief Global Strategist of Euro Pacific Capital and Euro Pacific Precious Metals, Peter is the coauthor of a new report, Peter Schiff and Axel Merk's Five Favorite Currencies for the Next Five Years (available for free below).

An outspoken critic of the Federal Reserve and government intervention, Peter is well versed in the Austrian School of economics and perhaps best known for his early predictions of the housing crisis. On October 11, we sat down with him to

Complete Story »

10 Stocks To Watch This Week

Posted: 16 Oct 2011 12:41 AM PDT

By VFC:

SiriusXM Satellite Radio (SIRI): Shares of SiriusXM Satellite Radio closed higher on Friday by five percent, right at the buck-eighty mark, barely two weeks after a market downturn and some negative press pushed the stock to a low of $1.27 on high volume.

Since then, SiriusXM has further pushed into the used car market by announcing a deal with Nissan (NSANY.PK), who will offer a three month subscription on used car purchases, and hype surrounding the upcoming launch of the Sirius 2.0 platform is building steam as well.

The retreat to $1.50 and below was quick but short-lived, and shares might be trucking higher to two dollars again.

Human Genome Sciences (HGSI): Human Genome Sciences spent much of last week dipping down into ten dollar territory, following a

Complete Story »

Stock Market Ignored U.S. Rejection Of IMF's Proposal

Posted: 16 Oct 2011 12:40 AM PDT

By Carlos X. Alexandre:c

The latest decimation of die hard short positions by the stock market took place on Friday, and the lower University of Michigan Consumer Sentiment reading of 57.5, still at one of the lowest points in 30 years, propelled shares higher. Certainly retail sales delivered some hope, but the market started to pull back as the dollar appreciated. Puzzling indeed, from an economics stand point, but this is a currency and politically driven stock market, and that's where the old logic has a hard time fitting in.

But the other significant news pertained to the IMF's proposal to expand its coffers, and increase the cash stockpile which is much needed to keep the destitute European members alive. The G20 said so, according to Reuters.

The International Monetary Fund may need a capital injection of about $350 billion to give it more firepower to fight economic crises, an emerging market G20 source

Complete Story »

This past week in gold

Posted: 15 Oct 2011 05:56 PM PDT

By Jack Chan at www.simplyprofits.org
10/15/2011

GLD – on sell signal.

SLV – on sell signal.

GDX – new buy signal.

XGD.TO – new buy signal.

CEF – on sell signal.

Summary
Long term – on major buy signal.
Short term – on mixed signals.
We have new buy signals and set ups this week and we are allocating modestly with tight stops.

Disclosure
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.
We also provide coverage to the major indexes and oil sector.
End of update

Gold, Gold, Gold… What About Silver?

Posted: 15 Oct 2011 05:24 PM PDT

Based on the October 14th, 2011 Premium Update. Visit our archives for more gold & silver analysis.

No good news to deliver so far this year on the eurozone. Just this week Slovakia's government became the first in the eurozone to fall over opposition of bailing out indebted economies after the country's parliament voted down approval for enhancing the zone's rescue fund. Also this week, Jean Claude Trichet, European Central Bank President, warned that Europe's financial crisis has reached "a systemic dimension." Greece has continued to dominate the headlines and is facing a fifth successive year of recession and a possible sovereign default. Italy, Spain, Portugal, Ireland and even France have seen their share of headlines. Over the course of the year we have seen several instances where bad news about the euro boosted gold prices. Sovereign balance sheets resemble an overweight diabetic on the verge of a heart attack, wrote Pimco's Bill Gross in his recent letter to investors.

At the beginning of the year many investors were of the point of view that after years of delivering gains, bonds might not be such a great investment idea for 2011 since there is a distinct risk that long-term interest rates might rise, which would spell trouble for bondholders. They were wrong, but they were in good company. The person who took the biggest hit for making the wrong call on bonds is the world's greatest bond trader, Pimco's Bill Gross, who advocated dumping government debt because of low yields. Instead, investors have been pouring their money into U.S. Treasuries all year as a safe haven. Due to Pimco's wrong-way bet, the once leading bond fund is up just 1% this year, trailing the returns of a whopping 84% of its peers. Recently Bill Gross has made a U-turn and has placed a big bet on lower long-term interest rates.

Housing is a key driver of expansion during economic recovery but in January we thought that it looked like home building will remain in a depression with a huge backlog of unsold and vacant homes. Foreclosures will continue with yet more houses dumped into a weak market. That has proved to be the case so far this year. The Standard & Poor's/Case-Shiller 20-city index of prices has fallen back to where it was in 2003. Housing prices in Phoenix are at 2000 levels, and Las Vegas at 1999 levels. Lower prices have made homes more affordable than they've been in a generation. But mostly it's still a vicious cycle of foreclosures and falling prices. There are still many people who have negative equity — they owe more on their mortgages than their homes are worth– so that millions of more foreclosures are still in the pipelines.

Recently, there has been much talk about where gold is going now. This have pushed silver a little bit to the side, which we don't think is quite fair. Because of that, we devote our today analysis solely to the white metal. We will start the technical part of this essay with the analysis of the silver long-term chart (charts courtesy by http://stockcharts.com.)

In the chart (if you're reading this essay on SunhineProfits.com, you can click the above silver chart to enlarge), very little change was seen this week. Silver's price moved to the 38.2% Fibonacci retracement level based on the 2002–2011 rally. Silver's price pulled back after moving above this level. This is likely insignificant and nothing more than a verification of a move back above the 38.2% level. Such price action is not unusual.

In the short-term SLV ETF chart this week, we see a move of interest as silver's price declined on low volume indicating a period of consolidation. The price level is now close to the 20-day moving average and in the past, such moves following an early part of the rally have typically been meant a reversal to the upside after the bottom was (shortly) reached.

Thursday's price decline is not really of concern, and the situation is not bearish at this time.

In the silver to gold ratio this week, we see a bottom developed after the rising support line was reached. Thursday's close was just under .02 and it appears that a rally from here is likely. The target level is around .022. If gold's price moves sharply higher, silver is likely to increase to a greater extent on a percentage basis.

Summing up, the situation remains positive for silver and the same can be said about gold.

To make sure that you are notified once the new features are implemented, and get immediate access to my free thoughts on the market, including information not available publicly, we urge you to sign up for our free e-mail list. Gold & Silver Investors should definitely join us today and additionally get free, 7-day access to the Premium Sections on our website, including valuable tools and unique charts. It's free and you may unsubscribe at any time.

Thank you for reading. Have a great and profitable week!

P. Radomski
Editor
www.SunshineProfits.com

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All essays, research and information found above represent analyses and opinions of Mr. Radomski and Sunshine Profits' associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Mr. Radomski and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above belong to Mr. Radomski or respective associates and are neither an offer nor a recommendation to purchase or sell securities. Mr. Radomski is not a Registered Securities Advisor. Mr. Radomski does not recommend services, products, business or investment in any company mentioned in any of his essays or reports. Materials published above have been prepared for your private use and their sole purpose is to educate readers about various investments.

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The History of Money: Georgia

Posted: 15 Oct 2011 04:45 PM PDT

Dollar Daze

Finews interviews James Turk

Posted: 15 Oct 2011 12:00 PM PDT

James, after gold has fallen 15 per cent in three days, many people say, gold as lost its safe haven status. True? No, it is not true. First of all, the price of just about every other asset also ...

THE MOST IMPORTANT DECISION BERNANKE WILL EVER MAKE

Posted: 15 Oct 2011 05:58 AM PDT

As many of you know who have read my work in the past, the dollar put in a major three year cycle low back in May. It has been my expectation all along that the rally out of that major bottom would coincide with another deflationary period and the next leg down in the stock secular bear market. So far this has been the case as stocks topped in May at the same time the dollar bottomed.

After a 15 week consolidation the dollar has initiated its first powerful thrust up out of that major bottom. As you can see in the chart below the rally out of a three year cycle low generally lasts at least a year and turns the 200 day moving average back up.

I've also noted that once the rally out of a three year cycle low rises above the 200 day moving average, it shouldn't dip back below that level, at least not for the next year to year and a half.

Sometime in the next few days the dollar will put in a daily cycle low and bounce. My expectation is that it will either bounce off of the 200 day moving average or bottom slightly above that level. It's what comes next after that bounce that is absolutely critical.

Bernanke is now about to make the most important decision of his life. The correct decision is to allow the dollar to appreciate, which in turn would continue to drive the stock market down into its next four year cycle low in the fall of 2012, and would facilitate a much-needed recession to cleanse at least some of the massive debt that has been accumulated in the last two years. That is the correct decision. It is also a very hard decision because it will lead to severe short-term pain and undoubtedly another depression on the same scale as 1932.

However if Bernanke chooses to kick the can down the road again and continues his failed policy of monetary debasement then the dollar is at great risk of forming an extreme left translated three year cycle.

For those of you that are new to cycles analysis, a left translated cycle is generally associated with a bear market. Left translated means that the cycle tops in the front half of its cycle timing band. In this case any top that forms prior to 18 months would signal a left translated three year cycle. Furthermore the more extreme translated a cycle is the more severe the decline tends to be, simply because the cycle has a lot more time to move lower.

If Bernanke decides to avoid short-term pain and kicks the can down the road again with further currency debasement, then the dollar is at great risk of having already put in the top of this three year cycle.
The unintended consequences of a three year cycle that tops in only four months are, to put it mildly, horrendous. That would indicate that the dollar is going to head generally lower for the next three years culminating in a hyper-inflationary event at the next three year cycle low in 2014.

The next couple of weeks and months are going to be of grave importance. The dollar needs to find support at the 200 day moving average and resume moving strongly higher. That would of course put pressure on the stock market and probably terminate the current bear market rally somewhere around the 200 day moving average (roughly SPX 1270ish) before the next leg down begins.

If however the bounce out of the now due daily cycle low is weak and the dollar rolls over quickly and moves back below the 200 day moving average then all bets are off. Stocks could even rally back to marginal new highs. However that would also guarantee that the CRB has put in its three year cycle low and we are now at the very beginning of an inflationary Holocaust.

If Bernanke makes the wrong decision then gold is on the verge of moving into the bubble phase of the secular bull market. That being said gold should still experience one more move down in the next couple of weeks as the dollar rallies out of its impending daily cycle low. After that, everything hinges on Bernanke's decision whether or not to continue his failed monetary policies.