Gold World News Flash |
- Got Tungsten (Gold)?
- Central-Bank Gold: Joining the Dots
- By the Numbers for the Week Ending January 27
- Joe Rogan and Rosie Talk 9/11 Conspiracy Theory on The Rosie Show
- Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 4% and 5% on the Week
- Weekly Bull/Bear Recap: January 23-27, 2012
- James Turk: Fear Index shows gold is undervalued
- Bob Chapman - $3200 GOLD by February 2012
- Thom Calandra reports from the Vancouver conference
- Solid… As A Rock
- The Gold Price Correction has Ended, Gold can hit $2,600 this Year
- Biggest Week For Gold In 3 Months
- Year-To-Date Performance: Silver, Gold, SP 500, and the Dollar - Fitch Downgrades Europe
- HFT's Flash Smash Gold to EUR 2263
- Celente - War, Bank Runs, Riots & Gold Going Mainstream
- Rickards: Gold May Super Spike as We See the End of the Dollar
- Waist Deep in the Big Muddy
- BROKEN DOLLAR
- Ellis Martin Report With JSMineset Co-Founder David Duval
- Doug Casey on the Collapse of the Euro and the EU
- Money Flowing back into Commodities
- “…seemed to separate the precious metals from other asset classes.”
- Best Places in the World to Retire, Part II
- Casey Research: Will Iran Kill the Petrodollar?
- The Fed's 2% Inflation Target: The Real Personal Consumption Expenditure
- Can’t “Davos Man” Just Shut Up?
- Santa Fe Gold CEO extremely bullish on Gold Silver and Mining Stocks
- Is It Time to Get into Gold Junior Mining Plays?
- Gold Daily and Silver Weekly Charts
- The New New Gold Rush - Don't Think So
| Posted: 27 Jan 2012 07:31 PM PST
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| Central-Bank Gold: Joining the Dots Posted: 27 Jan 2012 06:55 PM PST Bullion Vault
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| By the Numbers for the Week Ending January 27 Posted: 27 Jan 2012 04:18 PM PST HOUSTON -- Just below is this week's closing table followed by the CFTC disaggregated commitments of traders (DCOT) recap table for the week ending January 27, 2012.
Vultures, (Got Gold Report Subscribers) please note that updates to our linked technical charts, including our comments about the COT reports and the week's technical changes, should be completed by the usual time on Sunday evening (by 18:00 ET). As a reminder, the linked charts for gold, silver, mining shares indexes and important ratios are located in the subscriber pages. In addition Vultures have access anytime to all 35 of our Vulture Bargain (VB) and Vulture Bargain Candidates of Interest (VBCI) tracking charts – the small resource-related companies that we attempt to game here at Got Gold Report. Continue to look for new commentary often. This was a good week for many of our "Faves." Remember that the linked charts on the subscriber pages are always the first place to look for new commentary at GGR. In the future we intend to rely more on the charts to communicate, especially when it comes to our own trades. Please note changes to our stop levels for our silver and GDXJ trades underway on Sunday evening also. Gold and Silver Disaggregated COT Report (DCOT)
All of the trader's positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report.
*** We will have more about the COT in the linked technical charts for Vultures by Sunday evening, including a large reduction in the Swap Dealer net long positioning which skewed the legacy silver LCNS, making it look like the commercials added a large number of new shorts. To the contrary, as shown above the Producer/Merchants added 1,678 lots net short, the Swap Dealers DECREASED their net longs by 2,961 lots - which is the bulk of a 4,639 lot increase in the combined commercial net short position or LCNS. The open interest actually declined for the COT week, that occuring ahead of the FOMC ann0ouncement. We do not view the COT as bearish … not yet. Indeed we see the signs of moderate short covering instead. More in the linked charts for subscribers… *** That is all for now, but there is more to come.
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| Joe Rogan and Rosie Talk 9/11 Conspiracy Theory on The Rosie Show Posted: 27 Jan 2012 04:13 PM PST [Ed. Note: Rosie has bigger stones than most men in this country. And we mean that in the best possible way. She's been fighting the 9/11 battle since her days on the popular ABC show 'The View', and her desire to explore the issue reportedly played a direct role in her dismissal from that Barbara Walter's produced talk show.] from OWN : Joe Rogan isn't afraid to get down to the bottom of things on his extremely popular podcast, The Joe Rogan Experience. Watch as he and Rosie discuss the near free fall speed of the collapse of 47-story World Trade Center Building 7 on September 11, 2001.
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| Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 4% and 5% on the Week Posted: 27 Jan 2012 04:00 PM PST Gold fell $3.45 to $1716.35 in Asia, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1737.96 with a gain of 1.05%. Silver slipped down to $33.29 at about 9AM EST, but it then rose to as high as $33.94 in late morning New York trade and ended with a gain of 1.53%.
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| Weekly Bull/Bear Recap: January 23-27, 2012 Posted: 27 Jan 2012 02:53 PM PST Submitted by Rational Capitalist Speculator Weekly Bull/Bear Recap: January 23-27, 2012 Bull + The ECB's Long-Term Refinancing Operation (LTRO) has clearly quelled fears of an imminent liquidity crisis; Spanish and Italian 10-yr yields have plunged. The operation will provide time for policymakers to forge ahead with structural reforms. Germany is opening the door for pro-growth policies in the periphery. Furthermore, Greece is an isolated case. A Greek default is already priced in and a climax would actually lift the air of uncertainty. Says billionaire investor George Soros, "I think we are on the verge of putting the acute phase of the crisis behind us," adding that he believed Italian sovereign bonds represent a "very attractive" speculative investment. Finally, business confidence in Germany increases for the 3rd month in a row, while record low unemployment boosts consumer confidence. The bloc's largest economy will avert recession and support investor confidence in the Eurozone region. + U.S. economic data continues to shine. The Richmond Fed's manufacturing survey increases from 3 to 12, lead by New Orders and expectations of improved business conditions (we have the same bullish result from the Kansas City Fed); note that all regional surveys have improved in January. Moreover, the ATA Truck Tonnage Index spikes the most in over a decade in December. Chief Economist Bob Costello hints that a wave of inventory restocking has begun. Core Durable Goods Orders reestablish their bullish trend, which bodes well for Q1 manufacturing performance. On the jobs front, state unemployment rates continue their trek lower. Finally, consumer confidence improves to 75.0 and is the highest in almost a year. + The global economy has clearly stabilized after a brief air pocket in the prior quarter. According to the Markit PMI, economic activity in the Eurozone unexpectedly grew in January, led by Germany and France. Meanwhile, monetary easing; such as India's unexpected decision to cut their Reserve Ratio, Thailand's interest rate cut, and Brazil's upcoming rate cut, will further support economic growth. Copper and comments from Caterpillar support the global re-acceleration thesis. Even Japan had some good news on the consumer front. + The Fed announces that interest rates will be held low throughout 2014 and state that they will step in with QE III should the global economy deteriorate further. Risk assets spike as investors are reassured that the Fed will maintain vigilance for any economic slowdown. Criticism of the program won't be nearly as intense as QE II due to slowing economic growth in Emerging Markets. + Obama clears the way for an economy that's "built to last," by explicitly stating in his State of the Union address that domestic companies will receive government assistance to create jobs. Leaders understand the grand opportunities that lie ahead. The U.S. manufacturing renaissance is in its infancy. Bear - Global growth is slowing to a stall. Japan's central bank cuts its 2011 and 2012 economic growth forecasts, citing strains from balance-sheet repair in the U.S. and weaker growth due to the European debt crisis. On a grander scale, the IMF slashes its global growth forecasts and expects the Eurozone to enter a recession. Meanwhile, Australia and the UK are teetering on the brink of recession, while South Korea reports its slowest economic growth in 2 years. In China, officials want to see a 30% decline in residential real estate to reach a "reasonable" level —(and in the process cause an uprising of the middle-class). Meanwhile, protests in Tibet are spiraling out of control. Finally, Obama ups the ante on protectionism with his State of the Union address. - The Eurozone crisis is worsening. There is still no agreement on the Greek Private Sector Involvement (PSI) negotiations, raising the specter of a credit event and uncontrolled default (how many times have we heard that a deal is close?). Making matters worse, EU leaders and banks are demanding further austerity on the depression-racked country due to missed targets. How long before peripheral citizen's say "The hell with this" or creditor governments say "This isn't working"? Meanwhile, Portugal is fast coming down the pipe with 10-yr bond yields hitting record highs, as Antonio Saraiva, the head of the country's industry confederation, confesses that the nation will need a bailout. In Spain, recession is knocking at the door, while unemployment is far worse than expectations. In Italy, Monti's government is set to face its first real test as truckers have blocked the flow of essential goods into Rome and other large cities. In France, S&P downgrades 3 banks and the country's president acknowledges that he's likely to lose the presidency in 3 months, unleashing a wave of uncertainty in regards to Eurozone economic policy. Finally, "Trade unions plan (a) pan-EU action against (the) fiscal compact." - Despite all the hoopla in the past month, the U.S. remains vulnerable to an exogenous shock. 4th Quarter GDP disappoints, growing 2.8% vs. expectations of 3.0%; note that the economy hasn't grown over 3% since the Q2 2010. Final demand registers a paltry 0.8% and Personal Consumption underperform expectations. Meanwhile, Fed President Dudley sees "significant impediments" to economic growth this year. Finally, weekly consumer metrics continue to flag a significant slowdown in January versus an already weak December. - The probability of an oil price spike, likely upending the global recovery, grows. The EU imposes an embargo of Iranian oil (to begin July 1st), despite Iranian threats of a blockade of the Straits of Hormuz or just cutting off supply immediately. Meanwhile, oil producers are now content with $100 oil, saying that it won't affect global growth; we've heard this before, but the threshold price keeps rising. Azerbaijan police foil another Iran plot to assassinate the country's Israeli ambassador. - Japan reports a trade deficit for the first time since 1980. While sporting a debt to GDP ratio of over 200%, any consistent trade outflow from the country would conjure anxiousness towards its real paying ability (not printed Yen, which implies a loss of real value of interest payments).
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| James Turk: Fear Index shows gold is undervalued Posted: 27 Jan 2012 11:57 AM PST 7:56 ET Friday, January 27, 2012 Dear Friend of GATA and Gold: Gold remains undervalued and is not in a bubble, GoldMoney founder and GATA consultant James Turk writes tonight, testing the price against his "Fear Index." The headline on his commentary is "Fear Index Shows that Gold Is Undervalued" and it's posted at the GoldMoney Internet site here: http://www.goldmoney.com/gold-research/fear-index-shows-that-gold-is-und... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Be Part of a Chance to Discover Northaven Resources Corp. (TSX-V:NTV) is advancing five gold and silver projects in highly prospective and politically stable British Columbia, Canada. Check out the exploration program on our Allco gold/silver project : -- A large (13,000 hectare) property, covering more than 15 square kilometers of a regional mineralized trend just 3km from a recently announced 1.2-million-ounce gold and 15-million-ounce silver deposit. -- The property hosts historic high-grade silver workings and many mineral showings as well as former mines at the property's northern and southern boundaries. -- A deep-penetrating airborne geophysics survey has just been completed on the entire property and neighboring deposits and its results are eagerly awaited. To learn more about the Allco property or Northaven's other gold and silver projects, please visit: http://www.northavenresources.com Or call Northaven CEO Allen Leschert at 604-696-3600. Join GATA here: California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... Support GATA by purchasing a silver commemorative coin: 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 Golden Phoenix Receives Inferred Gold Resource Estimate Company Press Release Golden Phoenix Minerals Inc. (OTC: GPXM) reports that on behalf of Golden Phoenix Panama S.A., the joint venture entity that owns and operates the Santa Rosa gold mine in Panama, it has received from SRK Consulting (U.S.) an initial resource estimate for Mina Santa Rosa. The Santa Rosa project is a volcanic-hosted epithermal gold-silver deposit previously operated as an open pit-heap leach operation. Production ceased in 1999 in part because of low gold prices. SRK Consulting reports an in-situ inferred resource at the former Santa Rosa and ADLM pits totaling 23.1 million metric tonnes at 0.90 grams/tonne gold, for a contained 669,000 ounces of gold at a 0.30 g/t gold cutoff. The resource also contains an average grade of 2.87 g/t silver for a contained 2.1 million ounces of silver. John Bolanos, Golden Phoenix's vice president of exploration, remarks: "In addition to SRK's inferred resource estimate of 669,000 contained ounces of For the company's full statement, including a table detailing the resources at Santa Rose, please visit: http://goldenphoenix.us/press-release/golden-phoenix-receives-initial-ni...
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| Bob Chapman - $3200 GOLD by February 2012 Posted: 27 Jan 2012 11:46 AM PST ALEX JONES: Bob Chapman - $3200 GOLD by February... [[ 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 |
| Thom Calandra reports from the Vancouver conference Posted: 27 Jan 2012 11:43 AM PST 7:40p ET Friday, January 27, 2012 Dear Friend of GATA and Gold (and Silver); Financial writer Thom Calandra reports today from the Vancouver Resource Investment Conference, where he spoke along with a GATA delegation, and cites some of his favorite mining company prospects. Calandra's commentary is headlined "Dr. Copper in the House" and it's posted at Baby Bull Twits here: http://babybulltwits.wordpress.com/2012/01/27/dr-copper-in-the-house-tho... Calandra will speak at the California Investment Conference in Indian Wells in two weeks, as will GATA Chairman Bill Murphy and your secretary/treasurer. Sprott Asset Management's chief investment strategist, John Embry, will be keynote speaker. A link to the conference's Internet site is below. CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Golden Phoenix Receives Inferred Gold Resource Estimate Company Press Release Golden Phoenix Minerals Inc. (OTC: GPXM) reports that on behalf of Golden Phoenix Panama S.A., the joint venture entity that owns and operates the Santa Rosa gold mine in Panama, it has received from SRK Consulting (U.S.) an initial resource estimate for Mina Santa Rosa. The Santa Rosa project is a volcanic-hosted epithermal gold-silver deposit previously operated as an open pit-heap leach operation. Production ceased in 1999 in part because of low gold prices. SRK Consulting reports an in-situ inferred resource at the former Santa Rosa and ADLM pits totaling 23.1 million metric tonnes at 0.90 grams/tonne gold, for a contained 669,000 ounces of gold at a 0.30 g/t gold cutoff. The resource also contains an average grade of 2.87 g/t silver for a contained 2.1 million ounces of silver. John Bolanos, Golden Phoenix's vice president of exploration, remarks: "In addition to SRK's inferred resource estimate of 669,000 contained ounces of For the company's full statement, including a table detailing the resources at Santa Rose, please visit: http://goldenphoenix.us/press-release/golden-phoenix-receives-initial-ni... Join GATA here: California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... Support GATA by purchasing a silver commemorative coin: 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 Be Part of a Chance to Discover Northaven Resources Corp. (TSX-V:NTV) is advancing five gold and silver projects in highly prospective and politically stable British Columbia, Canada. Check out the exploration program on our Allco gold/silver project : -- A large (13,000 hectare) property, covering more than 15 square kilometers of a regional mineralized trend just 3km from a recently announced 1.2-million-ounce gold and 15-million-ounce silver deposit. -- The property hosts historic high-grade silver workings and many mineral showings as well as former mines at the property's northern and southern boundaries. -- A deep-penetrating airborne geophysics survey has just been completed on the entire property and neighboring deposits and its results are eagerly awaited. To learn more about the Allco property or Northaven's other gold and silver projects, please visit: http://www.northavenresources.com Or call Northaven CEO Allen Leschert at 604-696-3600.
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| Posted: 27 Jan 2012 10:59 AM PST by Andrew Hoffman, MilesFranklin.com:
Before I go over today's Cartel capping job – er, "market activity," – let's start with an article that popped up on Zero Hedge this afternoon, to which I respond – DUH! Has Bernanke Become A Gold Bug's Best Friend? "Helicopter Ben" symbolizes why we own physical gold and silver, but is just a figurehead in the TPTB's battle against REAL MONEY. Power hungry, status quo seeking governments have fought the MONEY PRINTING constraints of gold and silver standards for centuries, and "independent" or not, Bernanke is just another government employee. Do you think it's a coincidence the Fed "unexpectedly" became more dovish the day after Obama's SOTU speech, for all intents and purposes kicking off his re-election campaign with a monetary bang? If so, think again. Benny may be the current Fed Chairman, but Greenspan and others before him kowtowed to the political establishment in like manner, as ordered by both "conservatives" such as Nixon, Reagan, and Bush, and "liberals" like Johnson, Clinton, and Obama. And don't forget the Central Bankers in Europe, Japan, China, and numerous other nations, as well as "powerbrokers" such as George Soros with both political influence and a sociopathic lack of consideration for human rights.
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| The Gold Price Correction has Ended, Gold can hit $2,600 this Year Posted: 27 Jan 2012 10:44 AM PST Gold Price Close Today : 1,732.20 Gold Price Close 20-Jan : 1,663.70 Change : 68.50 or 4.1% Silver Price Close Today : 3374.7 Silver Price Close 20-Jan : 3164.7 Change : 210.00 or 6.6% Gold Silver Ratio Today : 51.329 Gold Silver Ratio 20-Jan : 52.571 Change : -1.24 or -2.4% Silver Gold Ratio : 0.01948 Silver Gold Ratio 20-Jan : 0.01902 Change : 0.00046 or 2.4% Dow in Gold Dollars : $ 151.32 Dow in Gold Dollars 20-Jan : $ 158.05 Change : $ (6.73) or -4.3% Dow in Gold Ounces : 7.320 Dow in Gold Ounces 20-Jan : 7.646 Change : -0.33 or -4.3% Dow in Silver Ounces : 375.74 Dow in Silver Ounces 20-Jan : 401.95 Change : -26.21 or -6.5% Dow Industrial : 12,680.14 Dow Industrial 20-Jan : 12,720.48 Change : -40.34 or -0.3% S&P 500 : 1,318.01 S&P 500 20-Jan : 1,315.38 Change : 2.63 or 0.2% US Dollar Index : 78.883 US Dollar Index 20-Jan : 80.155 Change : -1.272 or -1.6% Platinum Price Close Today : 1,621.80 Platinum Price Close 20-Jan : 1,530.50 Change : 91.30 or 6.0% Palladium Price Close Today : 688.50 Palladium Price Close 20-Jan : 673.85 Change : 14.65 or 2.2% Today the GOLD PRICE rose $5.50 to $1,732.20 and silver rose 4.5c to 3374.7c. The SILVER PRICE gained 6.6% this week, gold gained 4.1%. Meanwhile, they also bludgeoned their way through two or three resistance levels. This is about as good a week's performance as I have ever seen. On Wednesday, thanks to the Bernancubus Fed's announcement they will continue jimmying interest rates down and inflating until 2014, gold shot from $1,670 to $1,705 in a single bound, smashing down $1,680 resistance. Next day it pierced $1,705 AND $1,725. That carries GOLD PRICE through the downtrend line from September a full three percent and three days, proof enough it is a solid breakout. And for good measure gold also rose above its 150 DMA ($1,686), the rarely broken safety net under gold's bull market. This week SILVER beat 3260c, then 3300c and 3350c and now stands knocking at the 3400c door, where it meets stout resistance. Most important goal here is for silver to climb above its 300 DMA. During this bull market silver has only rarely broken below this moving average. Whenever it crosses above it again, silver is offering you an extremely low-risk buying point. Some time or other a correction will come. One target is the 200 DMA at 3575c, about where some lateral resistance also abides. Should silver pierce that mark, nothing stands in its way before 4000c. RSI on both metals stands at 70, pushing the ceiling for overbought, but overbought can easily get MORE overbought and stay there longer than expected. Big Picture has come into focus. The SILVER and GOLD PRICE correction has ended, but may correct and bump along sideways for the first quarter or two. Nonetheless, both are headed much, much higher. Gold can hit $2,660 this year, silver might hit 7600c, even 8300c. Is the bull market over? Merciful heavens, NO! The wild part of the ride is only now beginning. At the end of the football game, what do y'all do? You look at the scoreboard, right? Because even though the game may be fun at the end all that counts is that scoreboard. This week's board says that stocks are spinning wheels, US dollar is backing down the hill with transmission problems, and silver and gold are blasting ahead down the road. Most notable this week was NOT the metals huge gains, although that was notable enough, but stocks' fall against the metals. On 29 December the Dow in Gold Dollars hit G$164.94 (7.969 oz). Today it's at G$151.32 (7.320 oz), down almost 9% although stocks have risen 3.2% (Dow) and 4.4% (S&P500). Since 29 December the Dow in Silver Ounces has plunged from 450.5 oz. to 375.74 oz today, falling 16.6%. Instructive. That 29 December high took both indices to new highs for the move, and for silver, above the long term downtrend line. The outcome until today shows that the tide in stocks versus metals has turned down again, and stocks have begun to lose another 80% of their present value against stocks. Dow closed today at 12,680.14, down 54.49 (-0.43%) and the S&P500 at 1,318.01, lower by 0.42 (0.3%). This week has shown stocks unable to sustain the enthusiasm of the year's opening. Unless the Dow exceeds 12,850 and the S&P500 1,360, which I do not expect, their next leg will be down -- very much down. Acceleration begins when the Dow drops through 12,600. The US Dollar did NOT have a good week. It broke support about 80, then 79.5, and today hit itself in the head with a ball peen hammer by dropping another 51.2 basis points (0.66%) to 78.883. Dollar now is trading below its 50 day moving average (79.64) and may be headed for its 200 DMA (76.49). The euro has profited from the dollar's slide, gaining 0.93% today alone to reach my minimum target of 1.3200. Closed at 1.3237, will rise further next week. Yen offers a classic snapshot of government manipulation. Gapped down on Tuesday, traded down to support, then gapped UP today. Closed today at 130.35c/Y100 (Y76.72/US$1), up 0.91%. So, let's see -- yen crashed on Tuesday, falling through its 20 DMA and 50 DMA, but today turned right around and shot back up, closing higher than it began the week? If that ain't Nice Government Men in action, canaries have fangs. Y'all enjoy your weekend! Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. 
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| Biggest Week For Gold In 3 Months Posted: 27 Jan 2012 10:25 AM PST Gold managed its biggest gain in three months as the Fed's QE-ness seemed to separate the precious metals from other asset classes.
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| Year-To-Date Performance: Silver, Gold, SP 500, and the Dollar - Fitch Downgrades Europe Posted: 27 Jan 2012 10:21 AM PST |
| HFT's Flash Smash Gold to EUR 2263 Posted: 27 Jan 2012 10:18 AM PST One day soon you will wake up to see a move like this in gold and silver...but it will be a plateau, and the new normal.
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| Celente - War, Bank Runs, Riots & Gold Going Mainstream Posted: 27 Jan 2012 09:39 AM PST "So this is a collapse in the making, right in front of everyone and gold prices and silver prices don't lie, they're reflecting it."
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| Rickards: Gold May Super Spike as We See the End of the Dollar Posted: 27 Jan 2012 09:28 AM PST Bernanke made it crystal clear they were going to go to some kind of quantitative easing.
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| Posted: 27 Jan 2012 09:22 AM PST By: Peter Schiff Friday, January 27, 2012 With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transparency, Ben Bernanke has instead laid out a simple road map for economists and investors to follow. The signposts are easily understood: the Fed will stop at nothing in pursuing its goals of creating phantom GDP growth, holding down unemployment, propping up stock and housing prices, and monetizing government debt. To do so, it will continue to pursue a policy of negative interest rates, while ignoring the collateral damage of unsustainable debt, virulent inflation, misallocated resources and credit, suffering yield-dependent retirees, and a devalued U.S. currency. Not surprisingly, precious ...
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| Posted: 27 Jan 2012 09:16 AM PST It has been my theory that this year we would see one of the worst performances by the stock market since 2008.
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| Ellis Martin Report With JSMineset Co-Founder David Duval Posted: 27 Jan 2012 09:06 AM PST Dear CIGAs, Ellis Martin from www.EllisMartinReport.com has interviewed JSMineset Co-Founder David Duval on his thoughts on the gold market and views of the future. Check out the full interview Continue reading Ellis Martin Report With JSMineset Co-Founder David Duval
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| Doug Casey on the Collapse of the Euro and the EU Posted: 27 Jan 2012 09:06 AM PST Is this the beginning of the proverbial "it?" Or can the Eurozone be saved?
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| Money Flowing back into Commodities Posted: 27 Jan 2012 09:00 AM PST [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] Note the CCI chart and the nearly vertical lift over the last week. Money is pouring back into RISK ASSETS as the Dollar heads lower and the Fed keeps interest rates so low that money is free. This is the perfect environment for the wild-eyed speculator, especially the hedge fund types, who ADORE LEVERAGE and will shove as much money as they can wrap their fingers around into the commodity sector in anticipation of inflationary price rises. By the way, just take one look at the following chart of unleaded gasoline if you have the stomach for it. Every time you head to the gasoline pump and fill up, you can bow down and pay homage to the Fed for their "gift" of higher fuel prices. After all, who gives a damn about the average consumer and retiree when Wall Street profits are on the line. That, and the current occupant of the White House's re-election chances.... ...
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| “…seemed to separate the precious metals from other asset classes.” Posted: 27 Jan 2012 08:47 AM PST Biggest Week For Gold In 3 Months
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| Best Places in the World to Retire, Part II Posted: 27 Jan 2012 08:47 AM PST In the States today, most Americans are on the verge of retiring are much more likely to talk about their fears than their dreams. The cost of everything from healthcare to food is rising, while incomes, pensions and nest eggs are shrinking… or at least not growing nearly as much as expected — leaving baby boomers with fewer and fewer options for retirement at home. But all hope is not lost! If you look at the right places beyond our borders today, you'll find you have more good choices than ever for a comfortable — even pampered — retirement. In any one of our "Top 19" havens for 2012, a lifestyle well beyond your reach in the States could be yours for pennies on the dollar. In the 2012 Global Retirement Index we bring you the top choices available on the planet today. From beachfront hideaways to arts-rich colonial cities, from cosmopolitan capitals to small highland villages, there's an overseas haven to fit your fantasy… and your budget. For our Retirement Index, we only measure the very best havens against one other. So the country last on our list is still the 19th best in the world. In each of our 2012 top retirement destinations, you'll find thousands of ordinary folks who've not simply salvaged their retirements overseas… but upgraded them. The Most Exciting Retirement Haven Let's get this out of the way…none of our picks are boring places, it's just that some have more to offer than others in terms of the range of amenities and entertainment options to keep you busy. If variety is the spice of retired life, then Paris, Panama City, the expat communities of Mexico, Medellin in Colombia, and Bangkok, Thailand, should be top of your list. Here you'll find something different every night… Choose from catching a concert, seeing a movie or eating out with friends for a fraction of the cost back home. "Thai food is amazing," says Jason Gaspero, "But if you get tired of it, you can find restaurants with food from all over the world." In Medellin's El Poblado district you'll find Japanese, French, seafood and Italian restaurants within a block of each other. In Malaysia you'll catch a movie in English for $4…before it comes out in the US. In Punta del Este, Uruguay, artists like Shakira don't just perform there, they live there, too. If you love the sea, then Placencia and Amergris Caye in Belize, Roatan, Honduras, and Panama's Caribbean Coast make sense. Scuba diving, fishing, sailing, kayaking and snorkelling, they've got it all. And if surfing is your passion, catch the best waves on Nicaragua and Costa Rica's Pacific Coasts. For foodies in love with culture, Spain and Italy offer a menu of delights unmatched anywhere else, even the smallest villages ooze history, and art is everywhere. You'll find delicious three-course meals for less than $20 in both countries, too. Of course, you might be content with amazing new views, meeting friends down the boardwalk and a homecooked meal. "If you're looking for exciting night clubs, Kentucky Fried Chicken, or a night at the opera, Bahia, Ecuador, is not for you. But for peace, simplicity, a dish of Pingüino ice cream, and soothing natural beauty, this is heaven," says Patricia Farmer. "You would be hard-pressed to find such tranquility in any beach resort town in the US. Even the wealthiest people inhabiting fortress-like beach homes on the hills of Malibu have to spend much of their lives sitting in rush hour traffic, breathing in smog, and feeling the crush and pressures of a type-A culture." Healthcare in our Havens In each of our 19 havens you'll find first-class hospitals and clinics where care is second-to-none, and the staff are often US-trained. But while the care is similar to the US in many places, it's a lot cheaper than back home. You'll literally save thousands on procedures if you need them, and hundreds on prescriptions and doctors' visits. For example, a visit to the doctor in Nicaragua is $15, in Panama its $10 and in France house calls are standard. In fact, in many of our choices, doctors put a value on the personal touch. "Our doctor in Nicaragua speaks English and we have his personal cell number for emergencies. Hard to imagine that happening in the US." says Darrell Bushnell. In many of our picks the public health care systems provide wonderful low-cost care. In Costa Rica, the public health care system, called the Caja, is part of a socialized medical system. Living in the Central Valley, Sharon and Lee Harris are members. "It provides economical and excellent medical care as well as prescriptions for only $40 per month for both of us. There is a Caja clinic in every neighborhood. There are also many excellent private hospitals in the Central Valley and state-run Caja hospitals in every province," says Sharon. The Ecuadorian government guarantees senior citizens access to free health care and medication and exemption from notary and registration fees. "All expats are able to participate in the Ecuador Social Security medical program," explains Jack Moss who, with his wife Debbie, retired to Cotacachi two years ago. "The premium is about $57 a month, and there is no co-pay or deductible for physician visits, hospitalization, medications, or dental visits." Even just living overseas can improve your health, as Lucky and Erin Ivy point out on page 11 of this issue. On the sandy beaches of Placencia, Belize, they found a stress-free life that means they sleep better, and feel healthier, than ever before. The Best Retirement Infrastructure These days, you can have a US phone number ring in your home overseas for less than $20 a year. Through online services like Skype, you can video chat with friends and family back home every day if you want to — for free. The world is more connected than ever, and that makes exploring it so much easier than it ever has been. Good Internet coverage is a necessity most expats today are reluctant to do without. In all our havens, rest assured: You can get online. Malaysia, Italy and France have higher levels of Internet penetration than other countries — but there's access in all of them. Quality roads and good cell phone coverage matter, too. Now, you may not want to drive, and in that case, you'll want access to a good public transport system. In Paris, expat Jim Leavy says he's delighted by the great public transportation…in Cotacachi, Ecuador, IL editors Dan Prescher and Suzan Haskins get by with taxis and buses. When the mood strikes, Patricia and Ron Farmer can explore the sandy beaches of the Ecuadorian coast by taxi — $35 for the whole day. And what about direct, cheap flights home to the US to visit family? You don't even have to fly to get to Mexico; you can drive. It takes less time to fly from Houston to Quito or to Panama City than it does to fly from New York to Los Angeles. The Best Climate You'll find lots of climate choice in our top retirement havens. Sharon Hiebing says she practically lives in tank tops and shorts now, and only occasionally needs a light jacket or close-toed shoes. Ever since her move to San Ignacio, Belize, Sharon has been enchanted by the climate. She's not alone. Thousands of expats have turned in their snow shovels for good. In places where the weather is warm year-round, not only do you eliminate the need for heavy winter clothes, but you gain in quality of life. Better weather means you're outside more. And that often translates to "healthier." Plus it usually means lower utility bills, too. In Belize you'll find an average temperature of 80 F, and it isn't even one of our highest scoring havens in this category. Because pretty much all of our picks offer a perfect climate for part of the year, we concentrated on the ones that are the best year round. But you could opt for the part-time strategy — capitalizing on good weather in different parts of the world. That's what Kelly and Angela Grams do. They live lakeside in Canada May to September, then head south to their second home in warm-weather Puerta Vallarta, Mexico, October to December. Then every January to April they rent out their Mexican condo to cover their costs and spend those three months traveling. How to Know You're Safe Overseas The expats living in each of our top havens report they feel safe. In fact, often they say they feel safer than they did back in the States. That's not to say there's no petty crime or that nothing bad ever happens. But just as you wouldn't dismiss the idea of owning a condo on Chicago's upscale Magnificent Mile because of the crime stats on that city's south side…you shouldn't reject a town we recommend in a country where you can retire well for less…because you remember hearing something about that nation being "dangerous." Old stereotypes die hard. You're best served by seeing a place for yourself. Talk to expats on the ground. See how comfortable you feel there. We predict: You'll be pleasantly surprised. Regards, The International Living Team, Best Places in the World to Retire, Part II originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.
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| Casey Research: Will Iran Kill the Petrodollar? Posted: 27 Jan 2012 08:30 AM PST (Ed. note: a rerun): The basic conclusion is that a slow demise of the petrodollar system is bullish for gold & very bearish for the US dollar.
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| The Fed's 2% Inflation Target: The Real Personal Consumption Expenditure Posted: 27 Jan 2012 08:29 AM PST The Fed: What did they really say Wednesday? They kept interest rates at ZERO...this really only benefits the banks. In fact, everything the Fed does is to benefit the banks. Their concerns about unemployment and "price stability" are empty at best. The Fed also announced an "inflation target" of 2%. Ridiculous, I know... Everyone and their brother knows inflation is running FAR ABOVE 2%. Everybody but the Fed that is. But then they look at inflation differently than the rest of the world: Federal Reserve Abandons Core Consumer Price Index The inflation rate over the longer run is primarily determined by monetary policy, and hence the Committee has the ability to specify a longer-run goal for inflation. The Committee judges that inflation at the rate of 2 percent, as measured by the annual change in the price index for personal consumption expenditures, is most consistent over the longer run with the Federal Reserve's statutory mandate targets.[Read: Fed Opens Up on Interest Rate, Inflation Predictions] The concept of core CPI was invented in the early 1970s by then-Fed Chairman Arthur Burns to allow for an easier monetary policy in the face of rapidly rising oil and food prices. The economic argument for this new concept of inflation was that it avoided transitory elements driving the inflation rate. However, as we all know energy prices have risen inexorably higher over the past four decades. Thus the Fed's experiment with unusually low interest rates for a very long time could run aground if it triggers another commodity price bubble as it did last year. If the 2 percent target is for real, the Fed could very well be tested sooner than it would like. The flip side of the policy change is that housing is weighted far lower in the consumption deflator than it is in the Consumer Price Index. Thus the incipient inflation in rents will be downplayed in the new measure. Perhaps the Fed is fearful that rising rents would make it difficult to maintain its zero interest rate policy going forward. Time will tell. ___________________________ So gone is the Fed's "core inflation" measurement where the cost of Food and Energy are not considered in measuring inflation. Note worthy since "core inflation" has been on the rise of late, rising 2.2% last year. And now they have a more esoteric metric by which to measure inflation. What are Real Personal Consumption Expenditures? The Real Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services. Fancy, eh? In fact the measure of personal consumption expenditures was released today along with this morning's weak 2.8% GDP growth number. John Williams from ShadowStats.com has the latest stats you need to be aware of. - Net of Involuntary Inventory Build-Up, GDP Growth Was 0.8% Instead of 2.8% - Durable Goods Orders and New Home Sales Still Show Stagnation - Fed's New PCE Inflation Target Is Inconsistent with Plans for Ongoing Easing No. 415: Fourth-Quarter GDP, December Durable Goods and Home Sales http://www.shadowstats.com Q4 GDP Misses Estimates, Inventory Stockpiling Accounts For 1.9% Of 2.8% Q4 US Economic Growth From ZeroHedge The US economy grew at a 2.8% annualized pace in the supposedly blistering fourth quarter, yet the number was a disappointment not only in that it missed estimates of 3.0% (and far higher whisper numbers) but when one looks at the components, where a whopping 1.94% of the upside was attributable to a rise in inventories as restocking took place. And as everyone knows in this day and age a spike in inventories only leads to sub-cost dumping a few months later. In other words, the economy grew at a 0.8% pace ex inventories. Yet for all intents and purposes, this is considered "growth." Personal consumption was also weaker than expected coming in at 2.0% on estimates of 2.4%. Perhaps the only silver lining was Core PCE which came at 1.1% on expectations of 0.9%, however as discussed extensively before, this was driven by an unsustainable surge in credit-binge spending, primarily for iStore trinkets, and is hardly sustainable especially as the US Savings Rate fell to 3.7% in the fourth quarter, the lowest since Q4 2007. In other words Joe Sixpack is living large, especially since Joe Sixpack no longer has to pay his mortgage. Unfortunately this is a collision course with every economic principle and the next taxpayer funded bank bailout is only a matter of time. Bottom line: the artificial economic pick up is over and Q1 will see inventories actually detract from GDP: as a reminder Q1 2011 GDP subtracted 1.8% points from the final 0.4% GDP, and that was following only a 0.9% inventory rise in the preceding quarter, Q4 2010. And that is not even mentioning the tight fiscal situation no longer being a benefit to growth. Oh yes, and gas is no longer falling. And not to even mention that the GDP deflator mysteriously imploded from 2.6% to 0.4%: that's odd - not even edible ipads seem to be coming down in price. Which means that using a reslitic deflator would have resulted in virtually no GDP growth. To paraphrase Lester Burnham, "It's all downhill from here." __________________________ Real Personal Consumption Expenditure [PCE] printed this morning at 1.1%. It was expected to be 2.3%. 3rd qtr PCE was revised higher from 1.7% to 2.1%. In the Fed's statement yesterday, they announced that: "Inflation has been subdued in recent months, and longer-term inflation expectations have remained stable." We all know that is a load of baloney, but the PCE numbers released this morning allow the Fed to get away with "bending the truth" about inflation. No doubt they will look to the 4th qtr drop in PCE and ratchet up their deflationary fear mongering so as to justify keeping interest rates and ZERO, and/or increasing their balance sheet by buying more toxic mortgage debt from the floundering banks here in the US. Free money and inflation is just what the Dr. ordered for the Precious Metals as both Gold and Silver soared on the Fed announcement. Eric King, KingWorldNews.com With gold and silver exploding to the upside on the Fed announcement, today King World News interviewed legendary Jim Sinclair, to get his take on where things are headed. Sinclair told KWN he now expects mainstream entities to enter the gold market. Here is what Sinclair had to say: "Today is an important day. There are many days we talk but this is a mile-marker. What the Fed did today is they turned on the light of what will be QE to infinity. Today the light went on with regards to the intentions of the Fed. They did that for very specific reasons, we have troubles people can't see and this is one of the ways out." "The announcement itself is a game-changer because of the way this game is going to change, Eric. I think you are going to see a very significant change amongst investors, corporations and companies with extra capital and people of the mainstream. You're going to find gold being accepted as a hedge against what's going on by entities, that up to now, you would think would be the last ones to be buying gold. How about someone like General Electric? I used GE as an example because the principal of GE is a major advisor to the government. That would be the most unlikely thing (for GE to buy gold). But don't count it out. You are going to see a lot of things this year you thought at one time impossible, becoming reality. I'm going to predict you are going to see a new definition of investors in gold that, up to now, haven't even been considered. Up to now there's been the retail crowd and there's been the international central bank crowd which have been the primary entities in gold.... "But you've never had mainstream investment, mainstream pensions, mainstream life insurance companies, mainstream health plans, which gather money looking to use a medium in order to maintain the buying power of what they've accomplished. This is a huge change, huge new demand, a total new definition. You're going to find out that public companies with significant resources, tech companies (as an example), are going to start to recognize that gold is an important part of protecting what they have. So I think you've identified a game-changer for corporate America and corporate global Western finance, to begin to look at gold as an alternative to the normal cash and debt instruments they would use to hedge themselves." Sinclair also added: "Last year was the year of discussion and confusion. I've labeled this year a year of action. Not necessarily a year of solution, but a year of action. Today you saw an action. The Fed's swap line is an action. The IMF's willingness to seek and to distribute loans, an action. Actions have consequences. So this year is the year in which we are going to be experiencing the consequences. $1,700 to $2,100 gold is a conservative range. The reason why you got the breakout today is the light just went on. So any idea the accordion chop in gold we were in is still on is total nonsense. Bear in mind that when gold breaks out above those ranges, it will do it based on a loss of confidence, primarily, in currencies. And it is the dollar, not the euro, that is the specie in danger as we are having this conversation." This interview with Sinclair is timely and important considering what the Fed did today. The KWN audio interview with Jim Sinclair is available now and you can listen to it by CLICKING HERE. ___________________________ Eric King, KingWorldNews.com Today billionaire Eric Sprott told King World News the Chinese cannot continue to buy gold as aggressively as they have been without there being a dramatic increase in the price. Eric Sprott, Chairman of Sprott Asset Management, had this to say about Chinese purchases of gold and the recent announcement that Iranian oil will be acquired using gold: "There are two things I think are important about that. One, it's a statement that gold is a currency. That is by far the most important thing. I think the other thing is, if it actually transpires that way, what does it mean for the demand for gold? Because now it's considered currency, it's, in essence, your working capital. You have to have it. It's like a store, you have to have money in the till." "So it's obviously going to increase the demand for gold and we have seen some data that China has been a rather large buyer of gold. People will consider it a currency and it has to necessitate more buying. You know, Eric, I think one of the really interesting things that happened was the imports of gold into China, from Hong Kong, which always were less than 20 tons a month, all of the sudden, beginning about 5 months ago, went 20 (tons), 30, 40, 80 and in November 102 tons. 102 tons is a staggering number. The world mines, excluding China, less than 200 tons a month. China cannot continue to buy 102 tons and not have the price escalate dramatically." Sprott had this to say about today's Fed announcement that it will leave rates at zero until late 2014: "Obviously it's dramatic what has happened. It would appear there will be no restraint whatsoever on the part of the Fed. Assuming this announcement causes gold to break its declining wedge, which I believe it has, I expect some serious fireworks to the upside." When asked about his latest PSLV offering, Sprott stated, "We closed on $349 million. The underwriters did exercise the over-allotment in rather short order. We have committed to purchase it (silver). I think the deal was very successful. Obviously the premium has come down here (on PSLV), but it's typically traded at a 16% premium and right now it's at 8%. It takes a little while to digest the stock that was issued, but I'm hopeful we will get back to where we were. There's been a big move since we did the issue.... "We've all heard the reports that it's pretty tight (in terms of supply). Every data point I see suggests people and institutions want to buy silver in the same dollar amount as they are buying gold. We see the US Mint has sold 5.6 million ounces so far in January and I'm sure they will have a record high month. We're selling as many dollars of silver coins as we are gold coins by the mint, which means we are selling 50 times more physical volume of silver. The availability (of silver to gold) is 7 to 1 in physical, but people are buying it at like 50 to 1. So something has to give there. I would love to share with your viewers I was speaking with a company, this is a gold company, who is trying to organize a dividend payment being made in gold or silver and/or cash. Apparently 60% of the people (asked) were opting for the precious metal and half of those agreed to take it in silver. Again, another confirmation of silver buying. Our last tranche (in PSLV) we raised $349 million. Our last tranche in gold we raised $312 million. Again, one to one buying, so I'm pretty upbeat about where silver should be going. As you know I always thought we would go back to the 16 to 1 ratio to gold, which means based on today's prices silver should be $100. I really do believe silver was going to blow through $50 back in April/May when, all of the sudden, margin rate increases came through and one billion ounces of paper silver was sold that day. I'm of the feeling that it will go back through $50 this year. Once it goes through $50 I think it could take on a whole new life and really energize itself. Longer-term my target is 16 to 1 to gold and I'm very upbeat on gold. I'm sure gold is going north of $2,000 this year, so obviously silver can get up to $150 in due course." When asked if there has been traction with regards to his call to silver companies to hold physical silver instead of cash, Sprott replied, "There has been traction. One company, Endeavor Silver, only sold 1/3 of their output in the December quarter because they thought the price was being depressed. They decided to wait and sell it at a different time. We did have one silver producer actually participate in the PSLV (offering), which was very encouraging to me. I think we're making a little bit of momentum on that f
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| Can’t “Davos Man” Just Shut Up? Posted: 27 Jan 2012 08:27 AM PST Dave Gonigam – January 27, 2012
How many times have we heard one official or another say that by now? Mr. Geithner said it this morning at the annual gathering of the World Economic Forum in Davos, Switzerland. He might as well have said it last year. Maybe he did. Geithner has indicated he won't be around for a second Obama term… but he'll always remain "Davos Man." This term, according to Wikipedia, is "a neologism which refers to the global elite of wealthy men whose members view themselves as completely international."  kissing up this week and line up my next gig…"
Mr. Prestowitz was counsel to the commerce secretary in the Reagan administration and led America's first trade mission to China. So he knows a lot of Davos Men and Women. Around this time of year, his inbox is flooded with name-dropping "I'm here in Davos" messages. He is unimpressed." "At the Davos meeting in 1997," he writes, "Southeast Asia was designated the most dynamic region in the world. Only three months later, the Asian financial crisis that became a global crisis was triggered when Thailand effectively fell into bankruptcy. None of the seers and whiz kids at the annual meeting had even hinted at the possibility of such a development…" "Similarly, at the Annual Meeting of 2008, none foresaw the bailout of Bear Stearns, the failure of Lehman Bros. or the collapse of real estate markets in the United States and Europe." "Nor in 2010 did the Davos elite foresee the need that quickly arose in the spring for a huge stability fund to deal with the financial crisis of Greece and other peripheral European countries." In the real world, you don't ask the people who got you into a problem to get you out of it. Davos Man does not function in the real world. Which brings to mind a line by Secretary of State Hillary Clinton, which we'll invoke today now that she too has let it be known she won't be around for a second Obama term. Asked in early 2009 why she agreed to take the job, she said, "I looked around our world and I thought, you know, we are in just so many deep holes that everybody had better grab a shovel and start digging out." Mr. Prestowitz concludes, "Anyone interested in knowing what's really happening or in changing the way things are doesn't go to Davos." That includes the reporters covering it… although our acquaintance Lauren Lyster, the anchor of Capital Account on RT, is there. Guess we'll have to make an exception.
With a Senate vote last night, the debt ceiling has risen to $16.394 trillion… and by one measure, the mother of all financial bubbles is destined to grow another 7.9%. Hmmm… a $1.2 trillion increase. Is that even enough to buy nine more months to get past the election in November?
"On the downside, during the collapse, people are more concerned about preserving their capital than they are about making money anymore… You have a period of mistrust, and it's a long period of time before that trust can be re-established." "We expect this one to last seven-10 years, and we're only three years into it." "China, Russia, Brazil… They're all holding massive amounts of U.S. dollars. Japan, India, South Korea. These countries are all dependent on their dollar-based reserves. And they're fearful, too." If you've made out OK during the last three years, good for you. If you feel you need to do more to prepare, you're best served following Addison's guidance here.
That's a darn sight better than the previous quarter's 1.8%, but less than the "expert consensus" of 3.1%. Consumer spending wasn't as strong as expected, and that kept a lid on the overall number. This is the latest in a series of numbers we've seen in the last 36 hours that reinforce the following thesis: A "double dip" is not nigh… but a "robust recovery" is an even less likely prospect. To wit…
For the record, the Conference Board has rejiggered how it measures the LEI. In the post-2008 world, money supply has grown so fast began to distort the overall index. The revisions had the effect of dropping the previous month's increase — first reported at 0.5% — to 0.2%. Still, the LEI's been rising three straight months now.
Silver is less than a couple of dimes from breaking the $34 barrier.
Earlier this week, Pan American Silver announced it's buying Minefinders — a recommendation of both Byron and Dan Amoss… already bearing out Vancouver stalwart Rick Rule's call that 2012 will be the year of the takeover. "A lot of resource companies," Byron explains, "were slammed down by the marketplace in the second half of 2011. Share prices are low for many companies, and barely reflect fundamentals. It's a bargain hunter's paradise out there." "Speaking broadly and looking over the landscape, with a lot of companies, the share price reflects little more than cash in the bank… and you get the mineral asset — if not management talent — at a massive discount." The trouble in 2011 notwithstanding, Byron's readers walked away with gains of as much as 48%. For Byron's favorite precious metals plays of the moment, look here.
This week, the Department of Energy slashed its estimate of gas reserves in the Marcellus shale… something that came up during a pointed reader letter in yesterday's issue. He's reacting to a report this week cutting its estimates of gas reserves in the Marcellus shale… and to a pointed reader letter in yesterday's issue. "It's true," he says, "that the U.S. Energy Information Administration (EIA) downgraded the shale gas estimates the other day… AFTER my latest report hit the wires. Of course, these are government numbers… which must be true because they're from… the government. Right?" "Of course, the Obama administration has NO interest whatsoever in pouring cold water on U.S. shale development, right? The EPA is just soooooooooo supportive of fracking. Right? Nobody ever fudges the government data to suit a political agenda, right?" "Professor Terry Engelder of Penn State — the godfather of the Marcellus boom — thinks that the latest government numbers are… government numbers. He stands by his earlier estimate." Byron was in, um, rare form responding to this reader. He went though the whole letter, point by point, including the impact on the local economy in the Marcellus region. (Careful, this is Byron's backyard we're talking about.) We though so much of it that it makes up the entirety of today's Daily Resource Hunter.
The 5: We won't assess the reader's mental state, but the answer to the first question is yes… and still is. "Outstanding Investments," reported Peter Brimelow at MarketWatch on Jan. 16, "is still the top-performing investment letter over the past 10 years among the 180-plus followed by the Hulbert Financial Digest, up a startling 18.1% annualized versus 3.80% annualized for the dividend-reinvested Wilshire 5000 Total Stock Market Index." Grab it here.
"Even if that astute reader is right, Byron's argument highlights the ongoing possibility of technological/market game-changers coming out of nowhere. With so many entrepreneurial and scientific minds working to solve problems, wealth generation can outpace what the government tries to mop up with its destructive policies, at least for a while. This reminds me why I need to increasingly assume heavy uncertainty, cash up, buy the panics and sell the surges." "The interesting question is if Byron's oil boom improves the economy to whatever extent, what happens from here with our bets on gold and uranium? Does high inflation come out of the woodwork and potentially mop up some of that new wealth? Or does the growth fill in the massive government budget holes?" "Do we need to get neutral on gold? Does uranium continue to look promising because of global demand, or does the shale gas tech get exported for a global revolution?" "Thanks for the marvelous, money-smart coverage The 5 provides!" The 5: Byron's on the road today — as he often is, searching for the latest and greatest resource investing opportunities — so we'll turn the question over to colleague Matt Insley, editor of Daily Resource Hunter. "I disagree with yesterday's comment," Matt writes, "trying to label this boom as Norwegian or Nigeria — it's neither. It's America… so it'll be different. Why argue philosophy when you can argue in an economic sense — you know, something the Fed and the government think they have an idea about." "In an economic sense, this is turning the needle in America's favor. Instead of welfare for the masses. though — or the Fed printing more cash — this is giving industry players and the surrounding cast and crew a way to make a killing. Thousands of truck drivers and rig staff making nearly $100,000!? You can't tell me that isn't an amazing change from just five years ago." "That's more wealth creation for the private sector and a boost to our economy." "Will it be enough to pull our government out of the mess we're in? I doubt it. It'll float some more money into Uncle Sam's pocket and keep him from grinding the economy to a halt, though." "Going forward, look for inflation to keep rearing its ugly head. The themes that the brain trust here at Agora Financial warn of — government overspending and increasingly inflationary behavior — aren't set to stop." "That's why I love the way resource sector is shaping up for 2012 — especially here in the U.S. There are plenty of investment ideas, including shale (oil and gas), gold and other resources, set for a huge rebound like uranium."
The 5: Har! You get the last word. Have a good weekend, Dave Gonigam P.S. The speaker lineup is now set for a first-of-its-kind event, limited to only 30 readers, amid the stunning setting of Rancho Santana in Nicaragua. The Rancho Santana Sessions have been organized with one goal in mind: Helping you jump through the legal and logistical hoops that come with moving a portion of your wealth overseas. Escaping the U.S. dollar and U.S. banks is increasingly difficult… but not impossible. Our panel of experts will cover everything from how to place overseas assets in an IRA to including those assets as part of your estate planning. The dates are March 21-25. For a full list of speakers and an opportunity to receive an invitation within 48 hours, please look here.
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| Santa Fe Gold CEO extremely bullish on Gold Silver and Mining Stocks Posted: 27 Jan 2012 08:22 AM PST The Current State and Future of the Mining... [[ This is a content summary only. Visit my website http://goldbasics.blogspot.com for full Content ]] 
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| Is It Time to Get into Gold Junior Mining Plays? Posted: 27 Jan 2012 08:19 AM PST Philip Ker, a mining analyst for Canada-based Union Securities Ltd., says while current market conditions are affecting the junior mining space, they are also helping investors to identify low-risk opportunities and projects that may provide future value growth. In this exclusive interview for The Gold Report, Ker discusses how the industry will need to continue to see positive news, especially from senior and midtier producers, which should trickle down to the juniors.
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| Gold Daily and Silver Weekly Charts Posted: 27 Jan 2012 08:04 AM PST |
| The New New Gold Rush - Don't Think So Posted: 27 Jan 2012 08:04 AM PST The flow of capital from the public to private sector as the sovereign debt crisis intensifies has been sending the price of movable assets higher
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We awoke this morning to find Groundhog Day arrived early. There was Treasury Secretary Tim Geithner talking about the need to build "a stronger, more credible firewall" around the crisis in the eurozone.
"Davos Man," according Clyde Prestowitz, president of the Economic Strategy Institute, "has consistently proven clueless and unable to set an agenda with regard to the global developments on which he is supposed to be the expert."
While the party in Davos is under way, one of the crises brought about by its U.S. contingent has opened a new chapter.
"We see these financial bubbles throughout history," Addison told Ms. Lyster's RT colleague Demetri Kofinas 
The major stock indexes are down slightly this morning, adding on to yesterday's modest losses. The big number traders got an hour before the open was a disappointment…
The Commerce Department's first guess at fourth-quarter GDP rang in at an annualized 2.8%.
Precious metals are set to end the week at seven-week highs. Gold is up again this morning, to $1,733.
"I believe that we're going to see more takeover activity this year," says Byron King of the mining stocks.
"There's never any hype in government numbers," says Byron tongue in cheek, turning to another subject in his field of expertise — energy, and the U.S. energy renaissance he sees coming 
"Didn't you say Byron King's investment newsletter was tops according to Hulbert?" a reader inquires "Maybe the reader who wrote in yesterday is half-cocked?"
"I really appreciate the 'debate' between Byron King's 
"Is The 5," writes our final correspondent, "trying to take credit for the resurgence in | You are subscribed to email updates from Save Your ASSets First To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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