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- LISTEN: Peter Grandich on 2012
- When Do The PM Markets Re-Open in 2012?
- 2 Million Reasons to Be Bullish on Gold
- Lindsey Williams on Dollar Collapse
- SilverFuturist: Silver Ends 2011 at $27.86
- Peter Schiff on Gold in 2012
- Bob Chapman on Financial Troubles in 2012
- Peru In 2012: Commodities Still King
- Weekly Market Movers: Jan. 2-6
- Is The Dollar Weak Or Strong?
- Are Gold Stocks Undervalued?
- Why Is Gold Dropping?
- Ron Paul Wants To Check Fort Knox for Gold
- FERFAL: Why Gold is Important for Preparedness and Survival
- Stocks Stagger Into Year End On Last Trading Day Of 2011
- Gold Daily and Silver Weekly Charts - Gold Finishes Eleventh Straight Year Higher
- Unconditional Redemption for Gold
- The Gold Standard
- Gold in 2012
- The Daily Reckoning's Best of 2011
- Jim Rickards: Audio Interview at King World News
- Japan's new tax law prompts bullion sales spree
- Paul Wants to Check Fort Knox for Gold
- Peter Grandich doubles his gold price challenge to Kitco's Jon Nadler
| LISTEN: Peter Grandich on 2012 Posted: 01 Jan 2012 02:18 AM PST
Peter Grandich weighs in with his views regarding potentialities for investors next year. More @ KEReport
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| When Do The PM Markets Re-Open in 2012? Posted: 01 Jan 2012 02:16 AM PST Do the PM markets re-open tonight at 6pm (EST) or tomorrow January 2 at 6pm? *Just looked it up rather than wait for an answer. The clock on Kitco says the NY Gold Market opens in 44 hours and 45 minutes. So that means at 6pm on Jan 2 we start seeing green arrows (up) or red arrows (down). |
| 2 Million Reasons to Be Bullish on Gold Posted: 01 Jan 2012 02:14 AM PST "I Now Have 2 Million Reasons to Be Bullish on Gold" 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: Read More @ Grandich.com |
| Lindsey Williams on Dollar Collapse Posted: 01 Jan 2012 02:04 AM PST Alex Jones talks with pastor Lindsey Williams about the crisis now threatening to erupt in the Middle East and the possibility of skyrocketing oil prices that will decimate national economies. Part one Part Two Part Three |
| SilverFuturist: Silver Ends 2011 at $27.86 Posted: 01 Jan 2012 01:57 AM PST from SilverFuturist: ~TVR |
| Posted: 01 Jan 2012 01:42 AM PST When asked if gold is a crowded trader Schiffy suggest nobody owns the yellow metal. ~TVR |
| Bob Chapman on Financial Troubles in 2012 Posted: 01 Jan 2012 01:40 AM PST Bob Chapman talks with alex jones regarding financial troubles for many nations in the new year. 2012 is going to be quite a year with falling economies in the UK, Europe, the US, China, Japan and the remainder of Asia. Part One Part Two Part Three Latin America, and Mexico by comparison should fare fairly well overall. England is in a death spiral. Europe is next, the US is not far behind and China and Japan will soon join the disjoined group. We are about to witness the end of the period that developed since the end of WWII. That is economically, financially, socially and politically. The transition into the future is going to be borne out of chaos. If you have any doubt just look at the recent legislation passed in the US allowing the president to pick up and incarcerate, torture or murder dissidents. Americans will be labeled terrorists for any reason government decides. This is corporatist fascist dictatorial government. We have as well reports from Marion Monte, a top Illuminist, who was appointed Italy's PM that he wants business to stop making large transactions in cash. Cash will be limited to $1,300 per transaction down from $3,250. That should bring the economy to a halt, create a thriving black market and drive buyers into US dollars and gold and silver coins. They obviously want to bring the Italian economy to its knees. As a result Italian consumer confidence in December fell to its lowest level in 16 years. Their sentiment index is 91.6, the lowest since 19096. Next the fascist appointed plans to make net asset audits to iden… |
| Peru In 2012: Commodities Still King Posted: 01 Jan 2012 12:57 AM PST By Emerging Money: by Joseph Hogue, CFA Peru is by far the smallest economy within the investable region and much more affected by commodity prices, particularly copper, gold and crude oil. Pressure on the government for increased stimulus may come as demand from China, and other global importers, weakens in the first half of 2012. The central bank has maintained rates through most of 2011 as inflationary pressures come down to their upper bound target of around 3%. Peru is one of the few countries in the region, besides Chile, to have a fiscal budget surplus. This should help the government enact stimulus given a scenario of weakening global growth. Though President Humala has largely come down on the side of investors in recent mining strikes, the possibility exists for more concessions from commodity producers. Humala had to declare a state of emergency earlier in the year as talks broke down between striking Complete Story » |
| Weekly Market Movers: Jan. 2-6 Posted: 01 Jan 2012 12:36 AM PST The dollar edged up in the last week of 2011. US employment data is the highlight of the opening week of 2012, among many other US figures. Trading volume is expected to return to normal after the holiday break. Here is an outlook on the major events at hand. Last week the EUR/USD plunged to its lowest level since September 2010, following Italy's failure to raise sufficient funds from its recent bond auction. Italy is likely to become the first EU country to enter recession, increasing concerns in the European continent. Unlike the grim situation in the EU, the US market is doing rather well with satisfactory employment data, elevated consumer sentiment and improved housing figures. Is there hope for a general recovery in 2012?
Complete Story » |
| Posted: 01 Jan 2012 12:34 AM PST By Bob Mcteer: I was a guest on CNBC's Squawk on the Street Friday morning, see (here), and the subject of dollar strength came up. The other guest in the segment pointed out that we have not had a strong dollar since the mid-1980s when the Plaza Accord started bringing it down. I didn't disagree with that, but I wanted to point out that the dollar is now about as strong (or weak) as it was just prior to the recent financial crisis. Its decline came earlier and was not a result of the Fed's easy money policy to deal with the crisis, the recession, and slow recovery. Friday, the dollar index most commonly used, the DXY, reached a recent high of around 80. This index dates back to March 1973 when the base value was assigned 100. So, by this measure the dollar has lost 20 percent of its value in almost Complete Story » |
| Posted: 01 Jan 2012 12:26 AM PST By Moses Kim: Gold investors will remember the shellacking of gold shares starting in the fall of 2008. Gold bugs threw in the towel and everyone proclaimed the end of the gold bull market. Instead of collapsing, gold shares went on to have one of the most dramatic rallies in recent memory. While the current correction in gold shares hasn't been as drastic, the level of undervaluation is similar. In 2008 when gold shares collapsed, at least gold was falling precipitously too. However, in 2011, gold and gold shares have disconnected: gold is up 10% on the year while the HUI is down 16%. This is creating levels of undervaluation in gold shares we last saw in March 2009. Due to the bifurcation in the gold market, the GOLD: HUI ratio, which measures the relative value of gold to gold shares, is at multi-year highs. This is a buy signal for gold shares. Complete Story » |
| Posted: 01 Jan 2012 12:22 AM PST By Euro Pacific Canada:
Complete Story » |
| Ron Paul Wants To Check Fort Knox for Gold Posted: 31 Dec 2011 11:40 PM PST by Maggie Haberman, Politico.com: POLITICO's James Hohmann reports from Atlantic, Iowa:
A supporter at a town hall meeting asked about Fort Knox: "Would you reveal as president whether there's actually gold there?" Here is Paul's full response: "Yes, and if I couldn't accomplish that then there's big trouble in this country. I may need to get some help for you. I tried for years to do this…I never went to Fort Knox. I made a request when the gold commission came up in the early 1980s. We had a study of the role of gold in the monetary system. There were 17 members, and I couldn't get one other person to endorse the principle that we ought to go to Fort Knox and find out if there's gold." "Gold is in more places than Fort Knox. There's some in New York City, as well as at West Point. And there's already admission by our government: 'Well, that gold in New York City, we haven't been able to verify that for a long time.' And we all know, and that's why the audit of the Fed is important, because there's a lot of shenanigans that go on. They'll loan the gold, and they'll use it as collateral on these international transactions. So there's so much that we have to know about. But that should be on high priority. So I will continue to do that. I think I'll have a little more clout as president, and I thank you for the question." |
| FERFAL: Why Gold is Important for Preparedness and Survival Posted: 31 Dec 2011 11:32 PM PST |
| Stocks Stagger Into Year End On Last Trading Day Of 2011 Posted: 31 Dec 2011 10:33 PM PST By John Nyaradi: Stocks stagger into year end on last trading day of 2011. Major U.S. stock indexes faded late on a quiet day to end the year mixed and on a weak note. The Dow Jones Industrial Average (NYSEARCA:DIA) declined -0.6% on the day but finished 2011 with a 5.5% yearly gain. The S&P 500 (NYSEARCA:SPY) finished down 0.4% for the day and virtually flat for 2011, closing a fraction below its 2010 close. The Nasdaq 100 (NYSEARCA:QQQ) declined 1.8% for the year while the Russell 2000 (NYSEARCA:IWM) lost -0.6% for the day and -5.5% for 2011. In other markets, gold (NYSEARCA:GLD) gained 10% for the year and oil (NYSEARCA:USO) added 8.2%. One of the year's top performing asset classes was U.S. Treasury Bonds (NYSEARCA:TLT) with a gain of 9.6% for 2011. Weak End To A Volatile YearWhile 2011 was one of the most volatile years on record, the widely watched Complete Story » |
| Gold Daily and Silver Weekly Charts - Gold Finishes Eleventh Straight Year Higher Posted: 31 Dec 2011 06:10 PM PST |
| Unconditional Redemption for Gold Posted: 31 Dec 2011 04:30 PM PST Mises.org |
| Posted: 31 Dec 2011 04:30 PM PST Mises.org |
| Posted: 31 Dec 2011 11:00 AM 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 ... |
| The Daily Reckoning's Best of 2011 Posted: 31 Dec 2011 09:00 AM PST Dear Reader, Happy New Year! Normal Reckonings resume Tuesday, January 3rd. To tide you over, we're continuing a tradition we started last year. We reflect on some of the more colourful predictions of 2011. What follows is a selection of musings from Dan Denning, Bill Bonner and the DR team. Enjoy and see you in 2012! Best regards, Dan Denning "Economists will get smacked. Central bankers will get flipped the bird." Bill Bonner makes his predictions for 2011. Gold up? Check. Oil up? Check. The American economy down? Check. But what happened to the "poor boomers?" Find out here. More 'Predictions-Plus' for 2011 from Bill Should you bet on gold? Will stocks go up another year? Do you seriously think we have answers to those questions? Predictions are worthless, says Bill. "So what we give you are Predictions-Plus. What's a prediction-plus? It's better than a prediction; it's the thing that probably won't happen but that you should expect anyway. It's the thing you should believe even if it isn't true..." How It All Ends How does it all end? In massive hyperinflation? Or massive deflation? Does it have to be one or the other? Or, more accurately, doesn't one lead to the other? Greg Canavan provided a rather prescient answer to this question last February. Saddling up with Death A brief look at how some of the team here in St Kilda use the share market to hedge against everyone else being doomed. That's right – doomed! The Worst Investing Mistake You Could Make Last Year There are many mistakes people make that ensure they won't get rich investing. At the start of 2011, Chris Mayer predicted one in particular mistake would hurt more than others. Was he right? And did you make it? Buffet Gets in on Bill's 'Trade of the Decade' And Bill ruminates on the ridiculousness of trying to predict Black Swans. "You would do better to examine the feathers of those snow-white birds in front of us. They're imposters. They're frauds. They're white swan impersonators. They're really gray, nasty swans...with mean tempers and prone to sudden acts of violence..." What the heck is he on about? Find out here. Dan's Trade of 2011 The New York Times quotes dozens of geologists, lawyers, analysts and calls the shale gas industry a giant, Enron-style Ponzi scheme. Dan begs to differ. Find out why here. The REAL Reason Markets Fell in 2011 Was it the paralysis in Washington? Or falling property prices in Beijing? Or maybe stocks fell because of the European debt crisis? Nope. Here Bill shares the REAL reason a lot of investors sold their stocks last year. Happy Birthday Mrs Bonner! Bill's mum turns 90... and, to celebrate, Bill reveals the secret to investing in a Great Correction. Are You In Or Out of Gold in 2012? Gold has been going up for 11 years straight. It needs to settle down. Rest. Catch its breath. And, like a lover, it needs to test its most ardent admirers. Should you be in or out of gold in 2012? Find Bill's answer here. Similar Posts: |
| Jim Rickards: Audio Interview at King World News Posted: 30 Dec 2011 11:21 PM PST  Yesterday I posted Jim's blog about the U.S. going to war with Iran...and what that would do to gold and oil prices. This interview dovetails nicely with the Pepe Escobar interview above. Eric slid this interview into my in-box just as I was about to hit the send button. It's a must listen...and the link is here. |
| Japan's new tax law prompts bullion sales spree Posted: 30 Dec 2011 11:21 PM PST  A new taxation law in Japan has triggered a bullion sales spree among gold investors at the end of the year despite sharp falls in gold prices, dealers said. From Jan. 1, bullion retailers are required to report to tax authorities physical gold and platinum transactions of over 2 million yen ($25,700) with members of the general public, said a senior official with a large bullion house in Tokyo. Bullion houses stayed open on Thursday, even though it was a public holiday in Japan, to receive investors who wanted to sell their physical gold holdings or swap big chunks of gold for smaller lots, such as coins. |
| Paul Wants to Check Fort Knox for Gold Posted: 30 Dec 2011 11:21 PM PST  Ron Paul said Thursday that he's eager to find out how much gold the United States really owns. A supporter at a town hall meeting asked about Fort Knox: "Would you reveal as president whether there's actually gold there?" Here is Paul's full response: "Yes, and if I couldn't accomplish that then there's big trouble in this country. I may need to get some help for you. I tried for years to do this. ... I never went to Fort Knox. I made a request when the gold commission came up in the early 1980s. We had a study of the role of gold in the monetary system. There were 17 members, and I couldn't get one other person to endorse the principle that we ought to go to Fort Knox and find out if there's gold. |
| Peter Grandich doubles his gold price challenge to Kitco's Jon Nadler Posted: 30 Dec 2011 11:21 PM PST  Market analyst and mining company consultant Peter Grandich doubled his challenge to Kitco.com's gold market analyst, Jon Nadler -- $2 million, to be donated to charity, betting that gold will reach $2,100 (the price in Grandich's previous challenge was only $2,000) before it ever sinks to $1,000. Grandich is incensed by Nadler's misrepresentation this week of the previous challenge, which Nadler incorrectly said involved a downside target price for gold of $1,500. Grandich's commentary is headlined "I Now Have 2 Million Reasons to Be Bullish on Gold". |
Ron Paul said Thursday that he's eager to find out how much gold the United States really owns.| You are subscribed to email updates from Gold World News Flash 2 To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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