Gold World News Flash |
- International Forecaster December 2011 (#8) - Gold, Silver, Economy + More
- Calling the Bottom in Precious Metals
- Where the Gold Price is heading in 2012 ?
- The Dollar Vigilante's Year in Review
- Gold in 2012
- China Gold Exchange Restrictions Will Cut Risk, Not Appetite
- Powerful Rebound In Gold and Silver Prices About To Begin?
- I Now Have 2 Million Reasons to Be Bullish on Gold
- Peter Schiff on Gold in 2012
- Bearish on Gold and Silver? What Fools These Mortals Be!
- “He bought $889,695.90 (U.S.) in gold bullion, in the form of 15-kilogram bars. He then drove away and stored them at his office at 789 Don Mills Rd., near Eglinton Ave.”
- Two Lectures On The History Of Austrian Economics
- Biderman's Daily Edge 12/29/2011: The Best Investment Ideas for 2012
- The Most Significant Developments of 2011 with Trends in 2012
- Silver Ends 2011 at $27.86
- Making Sense Of 2011
- HAPPY NEW YEAR! FT says gold to surpass $2000 level in 2012
- 2011 Greatest Hits: Presenting The Most Popular Posts Of The Past Year
- Weekly precious metals market review at King World News
- Biderman On 2012: Long Gold, Short EUR And Stop Praying For A Miracle
- Follow-Up/New Year’s Resolution
- “I note the frustration and anger of the anti-gold crowd. To miss 12 years of rising prices is enough to make any investor furious with himself.”
- Must listen to podcast – shocker prediction for 2012 – UK's debt's worst in G20 with no gold – “If there is a crisis in 2012, it will be Sterling, not the Euro or Dollar.”
- Gold Stocks Lessons Learned in 2011 and Implications for 2012
- Platinum: Fire Sale On The Rich Man's Gold
| International Forecaster December 2011 (#8) - Gold, Silver, Economy + More Posted: 02 Jan 2012 05:00 AM PST Public institutions worldwide are fighting ratings downgrades foremost of which is France, the US and, of course, sovereigns and banks worldwide. Miracles of miracles finally the rating agencies are doing their jobs. The caper they pulled in collusion with Wall Street in rating mortgage securities should have put them all in jail for life. We'll call these efforts makeup time for their previous sins, which they never were prosecuted for.
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| Calling the Bottom in Precious Metals Posted: 02 Jan 2012 04:00 AM PST Now that my subscribers and I are fully into bullish positions in the precious metals sector, I hope they won't mind me telling you that I called for the bottom in Gold stocks on Thursday morning (12/29). I believe the bottom is in for silver, Gold and their respective stocks, although the metals may need a re-test of the bottom while I think Gold or silver stocks (as sectors) will only make higher lows on any corrective action.
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| Where the Gold Price is heading in 2012 ? Posted: 31 Dec 2011 04:38 PM PST You Should not be worried about the Gold price... [[ This is a content summary only. Visit my website http://goldbasics.blogspot.com for full Content ]] 
This posting includes an audio/video/photo media file: Download Now |
| The Dollar Vigilante's Year in Review Posted: 31 Dec 2011 03:16 PM PST Another year has zoomed by. And what a year it was! Read More...
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| Posted: 31 Dec 2011 12:00 PM PST We all understand that the future is unknowable. Events yet to come cannot be predicted. Nevertheless, the outlook for 2012 is probably set in stone, and the reason is simple. The financial crisis ...
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| China Gold Exchange Restrictions Will Cut Risk, Not Appetite Posted: 31 Dec 2011 11:10 AM PST "As I said before, I wouldn't read a lot into yesterday's price action in both gold and silver...but it's hard not to." [COLOR=#7f4028] Yesterday in Gold and Silver The gold price spent the entire trading day on Friday in the black, with the high of the day coming shortly before lunch in New York. From there it got sold off about a percent by the close of Comex trading at 1:30 p.m. Eastern time...and then did nothing into the close of electronic trading at 5:15 p.m. Eastern time. The spot gold price closed at $1,566.40...up $20.90 on the day. Not surp...
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| Powerful Rebound In Gold and Silver Prices About To Begin? Posted: 31 Dec 2011 10:04 AM PST by Jeb Handwerger, via SilverBearCafe.com:
Rarely has such technical destruction been visited on stalwart sectors such as gold, silver and the mining stocks(GDX). The silver charts reveal technical damage not seen since the destruction of 1984. It can only be conjecture that can account for a once in a generation obliteration of a once hallowed sector. It must be remembered that both gold(GLD) and silver(SLV) had major moves earlier this year to the $1900 and $50, surpassing overhead resistance and reaching overbought territory. This may be the reason why the decline in precious metal is overextended and extremely oversold. We urged caution back in April for silver and in September for gold. Silver has characteristically corrected close to 50% from its highs, while gold has fallen less than 20%. Pullbacks are normal and restorative in a secular bull market in precious metals especially after explosive moves. Unless such technical destruction is reflective of an upcoming geopolitical news development, we must look for more mundane causes. When the woods are ablaze, the fire obliterates the sequoias at the same time they incinerate the pines. The recent declines may be the result of a rush to the U.S. dollar (UUP) and treasuries (TLT). Read More @ SilverBearCafe.com
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| I Now Have 2 Million Reasons to Be Bullish on Gold Posted: 31 Dec 2011 09:44 AM PST by Peter Grandich: "He who does not bellow the truth when he knows the truth makes himself the accomplice of liars and forgers." — Charles Peguy If there's been one overriding theme I've stressed from when I turned bullish on gold at just over $300 in the spring of 2003, it's that the financial industry and most of those who report about it and the markets hate gold. I said it's foolhardy to expect there ever to be a universally bullish view for gold, and that we should appreciate that there will always be forces whose desire is for gold's price to be suppressed, lower than where it would be in a free market. Ironically, those who support such price suppression are the ones who call people like me and the good people at GATA tin-foil hat wearers, fanatics, or worse. While most of those who may be bearish on gold now or have been so recently are legitimate forecasters who just see the cup as half empty versus my view of half full, there is one human being (as a Christian, I'm desperately trying to remember that we're all God's children, even though this person makes me think that God must experiment at times or at least have a good sense of humor) whom I have called the Tokyo Rose of Gold Forecasters and who has not only had the worst track record since the mother of all gold bull markets began about a decade ago but who also twists facts and tries to change his own history to conceal that he has been anything but bullish and that he has missed the greatest run in gold's history. I'm speaking of Kitco gold market analyst Jon Nadler. A few weeks ago, I issued this challenge:
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| Posted: 31 Dec 2011 09:42 AM PST |
| Bearish on Gold and Silver? What Fools These Mortals Be! Posted: 31 Dec 2011 09:37 AM PST Mark J. Lundeen [EMAIL="Mlundeen2@Comcast.net"]Mlundeen2@Comcast.net[/EMAIL] 30 December 2011 I'm having difficulty dealing with current market sentiment for gold and silver. The idiot-box keeps pounding into my head that gold and silver are sensitive to downturns in the global economy, and precious metals are not a safe harbor from the storm during good times or bad. What a frightening thought that is, when we consider that from 1980-2000, as the economy roared upwards, and the latest price quote for Microsoft or Intel was the price for peace of mind, gold and silver saw bear-market declines of 69% and 91%. These idiot-box "experts" must be expecting even worse declines in gold and silver as the global bond and stock markets melt-down sometime in the next few years. Maybe the real problem with gold and silver isn't that the economy goes up or down, but as the Federal Reserve approaches its centennial, there still is an economy? The problem with that theory is...
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| Posted: 31 Dec 2011 09:08 AM PST Mystery of the missing $2 million in gold bullion The head of an insolvent mortgage company unloaded $2.2 million in gold and silver from his car at a Rexdale parking lot at night, according to his own testimony, and handed … Continue reading
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| Two Lectures On The History Of Austrian Economics Posted: 31 Dec 2011 09:01 AM PST When it comes to the types of people in this world, there are those who say that the only way to fix the current economic catastrophe is to keep doing more of the same that got us in this condition in the first place (these are the people who say mean regression is irrelevant, and 10 men and women in an economic room can overturn the laws of math, nature, physics, and everything else and determine what is best for 7 billion people), and then there is everyone else. The former are called Keynesians. The latter are not. Only those in the former camp don't see the lunacy of their fundamental premise, a good example of which is the following. Luckily, the world is nearing the tipping point when the camp of the former, which for the simple reason that it allowed the few to steal from the many under the guise that it is for the benefit of all, is about to be overrun, hopefully peacefully and amicable but not necessarily, and the camp of the latter finally has its day in the sun. Naturally, when that happens the status quo loses, as the entire educational and employment paradigm is one which idolizes the former and ridicules the latter even though the former has now proven beyond a shadow of a doubt it is a miserable failure (ref: $20+ trillion excess debt overhang which will, without doubt, lead to a global debt repudiation or restructuring, with some components of "odious debt"). So for all those still confused what some of the core premises of the ascendent "latter" are, below we present two one-hour lectures by Israel Kirzner. We urge readers to set aside two hours, which otherwise would be devoted to watching rubbish on TV or waiting in line for In N Out burger, and watch the two lectures below. Because, contrary to what the voodoo shamans of failure will tell you, there is a way out. It is a very painful way, but it does exist. The alternative is an assured and complete systemic collapse once the can kicking finally fails. Part 1: Part 2: h/t ZH_Crown
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| Biderman's Daily Edge 12/29/2011: The Best Investment Ideas for 2012 Posted: 31 Dec 2011 08:40 AM PST |
| The Most Significant Developments of 2011 with Trends in 2012 Posted: 31 Dec 2011 08:37 AM PST from Jesse's Café Américain:
Weather includes a wider range of natural phenomenon, and similarly religion includes secular movements such as fascism and communism that are essentially godless religions that involve the ordering of the relationship of the individual with a higher power that is not supernatural. I do not address stocks, including the miners, specifically as I see that investment sector as extraordinarily risky. Tell me what the Fed and ECB will do and I will tell you how stocks will perform. That is the nature of this market. As I am comfortable with stagflation, stocks most likely will not perform well in real terms. However, they could be targeted by the Fed as they implement nominal GDP growth and it puts more weight on selective inflation within the stagnant real economy. Stocks tend to play the role of a variable hedge in my forecast and my own portfolio. The bigger investments are bonds, including cash which is a bond of zero duration, and alternative currencies like gold and silver, oil and income producing physical assets. Read More @ JessesCrossRoadsCafe.Blogspot.com
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| Posted: 31 Dec 2011 07:49 AM PST |
| Posted: 31 Dec 2011 06:14 AM PST This article originally appeared in the Daily Capitalist. This is the time of year when you are supposed to look back and make sense of what happened during the year and make predictions about the new year. A futile task if there ever was one. How can anyone make sense of a world where:
These data are just too confusing for me. I've said enough about the economy this year and I'm fairly content with my calls. I don't do those predictions for the new year any more. I did a 2010 forecast, and 12 out of the 15 forecasts were correct (not nos. 12, 13,and 14). My Megatrends article in 2009 is also pretty good, but I think I would like to re-write it to change some things in hindsight. But here is what really interests me about 2011: Looking back in time since the Crash of '08, I am impressed by how closely our depression has hewn to classic depression models, especially the Great Depression of the 30s and 40s where there was so much government meddling in the economy. (I urge anyone to read Murray Rothbard's America's Great Depression for the best analysis.) For example, we continue to experience the following indicia of a depression: The classic credit crunch/liquidity freeze. It was "solved" but only for Wall Street and the big corporations. Not much has trickled down to the masses. The Fed opened the money sluices in 2009 and stood as a lender of last resort to the commercial paper market and opened up the discount window to all comers (not only the Primary Dealers, but also the money market funds and others). But the LRBs (local and regional banks) are something else. Their loan books are still lean (they are looking to new, riskier investments to pump up earnings). What is interesting is not that there is a lack of money for lenders to lend, but loan demand is weak. If you read the reports from the National Federation of Independent Businesses, small businesses (<500 employees) aren't borrowing. They aren't willing to take on debt because of uncertainty about the future of the economy and the future of government policies. High level of unemployment. This has been persistent and is not yielding to classic Keynesian fiscal stimulus nostrums—not that they have ever worked. The reasons for this are complex, but it has mostly to do with capital destruction. And that has to do with the concept of deleveraging/liquidation of malinvested projects. I believe we still have a long way to go before we can say that there will be enough real capital formed to restart the economy and create jobs. Real capital is not something that can be printed; it must be earned and saved. Let me put it another way: if there were sufficient real capital, we would be in recovery and unemployment would be much lower. Declining prices. We have been having "inflation" in the Austrian economic theory sense (money supply expansion), but official price inflation measures have been modest and are now declining. If you look at the charts on True (Austrian) Money Supply, we have seen money supply expansion for most of this year and it has resulted in what most economists interpret as economic growth. What they are seeing for the most part is money steroids-induced growth. When the money goes away, the activity goes away. Deleveraging/Liquidation of Malinvestment. We see persistent declining prices in major asset classes (real estate) because of the continuing deleveraging/liquidation of malinvestments. This is most obvious in the housing markets where prices continue to decline. There is also another factor and that is the oncoming worldwide economic recession has reduced demand for commodities and those prices are declining (See the PPI). To complicate matters, the current economic good news is a head fake, mostly an artifact of an increasing money supply. The effect of monetary stimulation is wearing off and economic activity is starting to decline (almost all measures of manufacturing and industrial activity in the U.S. are declining, but that is another article, soon). Contracting money supply (deflation). Money supply may be contracting again. I believe this will result in further economic stagnation, a decline in the stock markets, an acceleration of declining prices and wages, and more quantitative easing. I am not suggesting that QE creates positive economic effects, but after the current money supply expansion wears off (the above noted head fake), a decline in money supply will indicate reduced economic activity. The government and the Fed, as well as the central banks of the major economies, will fight this with every tool they have. Failed fiscal stimulus. We don't need to say much anymore about this as we see our president on the stump in a rather desperate attempt to pump us up in the hope that talking about the subject will create jobs. Conventional wisdom still beats this drum in favor of more spending and more debt. But that won't fly with the Republicans, at least before the election. A resurgence of gold as an investment asset. Massive government debt and Fed money supply expansion has created an unstable future, a weak dollar, and a demand for gold and silver. We have seen major banks and hedge funds jump on the gold train, something that they never have considered before. As DoctoRx has written many times, gold and silver have been overhyped, but still remains an important investment in view of long-term economic risks. As readers know, he suggests waiting on the sidelines for a while longer. Much of gold's price depends on the status of the dollar, U.S. economic performance, U.S. debt levels, Fed policies, general commodities prices, and instability in the rest of the world. Unlike FDR, citizens have the right to own gold and protect themselves against long-term degradation of their assets. In other words, no matter how much the Fed and the Administration try to flog the economy, nothing has really worked. As much as Bernanke boasted about being able to prevent another depression, he and the Bush-Obama Administrations have done everything they could to make things worse. And the classic indicators of a depression are still playing out and reminding us of the inefficacy and incompetence of conventional economic wisdom. What will 2012 bring? I don't exactly know, but I think it will be continued economic stagnation and perhaps even negative GDP, continued high unemployment, and more quantitative easing. (I will discuss this soon.) What will really be important in 2012 is the Presidential and Congressional elections. If the Republicans take hold of the presidency and Congress, then in 2013 we can hope Obamacare will be repealed, spending will be seriously cut, and some of the more egregious new regulations will be eliminated. I don't have a lot of faith in the Republicans to achieve real reform, but I think they will know why they were voted in and that they will have only 3 years to attack some of our fundamental problems (spending, debt, entitlements). If Obamacare manages to take hold, then I don't have much hope for America's long-term prospects.
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| HAPPY NEW YEAR! FT says gold to surpass $2000 level in 2012 Posted: 31 Dec 2011 04:40 AM PST The Financial Times, which would never be mistaken for a gold advocacy group, has published a year-end optimistic outlook for the metal. Gold closed in the London market yesterday at $1531 per ounce. Having started the year at $1388.50, that puts the metal at a 10.3% gain on the year, even after the sell-off over the last quarter. The remainder of the FT forecast linked below is well-worth your time. FT sees the coming year as a mixed bag and one likely to produce its share of surprises. Here's what it had to say about gold: Has gold peaked? Most importantly, Asian and Middle Eastern investors – from central banks to sovereign wealth funds – will continue buying lots of gold. Though there may be drops along the way, the gold price in 2012 will surpass 2011's peak of $1,920 an ounce, rising above $2,000 for the first time in history. – Jack Farchy Link I would like to take this opportunity to wish you and yours the very best for 2012. 2011 was a very good year for gold owners, and 2012 — an election year — promises at the very least to be an interesting one. Gold, for all the years of double digit returns, still boasts asset preservation as its principal contribution. Ours is not to make a fortune on our gold, but to preserve the fortunes — small or large — we have already made. By seeing gold as wealth insurance, as opposed to an investment for gain, and by owning it in unassailable form, i.e., gold coins, we secure the advantage. Unfortunately, price volatility is likely to continue for the foreseeable future both up and down, but we should never lose sight of the real reasons why we own gold. In this age of uncertainty the old questions remain the most important: Should I own it? Do I own enough? MK
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| 2011 Greatest Hits: Presenting The Most Popular Posts Of The Past Year Posted: 31 Dec 2011 04:27 AM PST Continuing our tradition of listing what according to Zero Hedge readers were the key news events of the year for the third year in a row (2009 and 2010 can be found here and here), we present, as is now customary, the most popular posts of the year as determined by the number of page views, or said otherwise - by the readers themselves. So without further ado, here are this year's top 20.
Unfortunately the trend from 2009 to 2010 and now, to 2011, is quite obvious: the world is getting ever more insolvent, only this time instead of banks, entire countries are or will soon file for bankruptcy. Which means that taxpayers of the other solvent countries will be on the hook to bail out the transgressors, until finally only one country is left standing. In the meantime any and all diversion tactics will be used to redirect attention from where it deserves to be: the increasingly more disastrous condition of the Welfare State/Banker Oligarchy status quo, and the inevitable warfare to follow: first currency, then trade, then all out. While we will not predict what happens to the market in 2012 one thing is certain: the main topics discussed in the past three years will continue to dominate the airwaves and things will get far worse before they get better. As a result, five things that we believe will happen almost without a shadow of a doubt: volatility in 2012 will break all records, retail investors will continue to leave markets in droves, correlations will remain at all time highs, politicians will suckle more than ever at the Wall Street teat knowing well the party is soon ending, and lastly, central planning will hit unseen levels. Everything else is noise and soundbites. It is on this rather grim background that we wish all our readers the best of luck and success in 2012. The final prediction for the new year we will make with 100% certainty is that Zero Hedge will be there each and every day helping readers expose the fallacies, fiction and fraud that the system is reduced to (ab)using each and every day just to kick the can down the road for a few more hours.
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| Weekly precious metals market review at King World News Posted: 31 Dec 2011 04:07 AM PST 12:02p ET Saturday, December 31, 2011 Dear Friend of GATA and Gold (and Silver): Bill Haynes of CMI Gold and Silver and futures market analyst Dan Norcini discuss last week's recovery in the precious metals as they're interviewed by Eric King for the King World News weekly review. Audio is posted here: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/12/31_... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Sona Discovers Potential High-Grade Gold Mineralization From a Company Press Release VANCOUVER, British Columbia -- With its latest surface diamond drilling program at its 100-percent-owned, formerly producing Blackdome gold mine in southern British Columbia, Sona Resources Corp. has discovered a potentially high-grade gold-mineralized area, with one hole intersecting 13.6 grams of gold in 1.5 meters of core drilling. "We intersected a promising new mineralized zone, and we feel optimistic about the assay results," says Sona's president and CEO, John P. Thompson. "We have undertaken an aggressive exploration program that has tested a number of target zones. Our discovery of this new gold-bearing structure is significant, and it represents a positive development for the company." Sona aims to bring its permitted Blackdome mill back into production over the next year and a half, at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome mine and the nearby Elizabeth gold deposit property. A positive preliminary economic assessment by Micon International Ltd., based on a gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered. For the company's complete press release, please visit: http://www.sonaresources.com/_resources/news/SONA_NR18_2011-opt.pdf Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/conference-details/vancouver-resource-investme... California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... Support GATA by purchasing gold and silver commemorative coins: https://www.amsterdamgold.eu/gata/index.asp?BiD=12 Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon: Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Prophecy Drills 384.9 Meters Grading 0.623 g/t PGM+Au, Company Press Release VANCOUVER, British Columbia -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) has announced the final drill results from 2011 drilling at the company's fully owned Wellgreen platinum group metals, nickel, and copper project in the Yukon Territory. Borehole WS11-192 intercepted 384.9 meters of 0.45 percent nickel equivalent starting from 9.45 meters depth. Included in this greater interval of continuous mineralization is a platinum group metals-rich zone with a combined platinum-palladium-gold grade of 1.358 grams per ton over 19.23 meters (nickel equivalent 0.74%). The final drilling results for 2011 have shown the Wellgreen Central-East and Central-West deposits to be one contiguous body, whereby there is good potential to broaden significantly the Central-West resource base, which currently contributes only about a quarter of the current 43-101 compliant resource at Wellgreen. Overall the drilling program met with good success in expanding the resource to the east and south. The long drill intercepts suggest the deposit remains very much open in those directions. For the complete drilling results and the full company statement, please visit: http://prophecyplat.com/news_2011_dec08_prophecy_platinum_wellgreen_dril...
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| Biderman On 2012: Long Gold, Short EUR And Stop Praying For A Miracle Posted: 31 Dec 2011 03:41 AM PST Wearing a shirt that only a mother could love, Charles Biderman of TrimTabs offers his insightful perspective on the year ahead. Against the backdrop of a fog-bound Sausalito, Biderman sees only one path over the medium-term for Gold (up) as developed market central bankers print their respective fiat currencies and emerging market central bankers horde the one true sound money alternative. Just as we have been pointing out, he notes that the ECB has been QE-ing in all but name and the region faces at best a recession and at worst a depressionary breakup. Cost averaging into a Long Gold, Short EUR position is among his favorite ideas for 2012. Furthermore, he likes non-USD commodity producers in local currencies - implicitly long commodities and short the USD but it is his epiphany that a 'Miracle on Main Street' is hoped for by any and every market observer and media hack that rings truest. The hoped-for miracle that explosive growth (just as has always been the case post WWII) is just around the corner and will rescue us from the doldrums-like state we are meandering through is simply our heuristic biases run wild (together with an entire industry of asset managers and strategists who always see 10-15% appreciation ahead in broad equity markets over the next year). Until there is a total restructuring of developed market economies to the point where entrepreneurs are encouraged to act and where government spending is 'closer' to government income and not to 'wish fulfillment', there can be no jump-start to growth. Political will remains bereft of desire to do anything but kick the can down the road - and unfortunately, that can is getting bigger and heavier by the minute. Happy New Year...
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| Follow-Up/New Year’s Resolution Posted: 31 Dec 2011 02:30 AM PST The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio! December 31, 2011 05:49 AM As expected, Tokyo Rose again denied history and uses his classic I ‘ve nothing to say to anyone who calls him out for what he is, and more importantly what he isn’t. Just as his delusional mind has created fathom facts to support his constant bearish views towards gold for years, he has changed a $1,000 number into $1,500 despite no such number ever being used except by him. This so-called journalist also demonstrated my claim how the vast majority of his like operate when it comes to gold. To start a column by calling me a bomb thrower was not only unprofessional but a clear indication he wouldn’t know the meaning of fair and balance. All he had to do was do the least amount of real journalism to see what a fraud Nadler really is by starting with the fact $1,500 was never mentioned in any exchange....
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| Posted: 31 Dec 2011 12:49 AM PST Richard Russell – We are Watching Market History in Gold
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| Posted: 30 Dec 2011 11:22 PM PST Eric King interviews Jim Rickards
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| Gold Stocks Lessons Learned in 2011 and Implications for 2012 Posted: 30 Dec 2011 11:15 PM PST 2011 certainly was a difficult year for gold bugs. Gold barely held onto its gains for the year while Silver went parabolic and eventually fell to negative on the year. Mining stocks? Don't ask. The large caps (gdx) are currently down 17% on the year while the mid-tiers (gdxj) are down 41% and the explorers (gldx) are down 44%. In our last commentary we discussed the equities with respect to investing and speculating. By now, you should know that most mining stocks are speculations and do not perform consistently, even in a raging bull market.
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| Platinum: Fire Sale On The Rich Man's Gold Posted: 30 Dec 2011 09:50 PM PST John Lee writes: About 2000 years ago, Aristotle explained why gold remained the ideal choice of money throughout major nations and civilizations. In words that are just as relevant today, he said "Gold is durable, not like wheat, divisible, not like diamonds, convenient, not like lead, constant, not like real estate, and best of all, as jewelry, it has intrinsic value".
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