saveyourassetsfirst3 |
- WATCH: David Morgan talks with Tracy Weslosky
- Price Targets And Rating Updates On 6 Companies
- Moolman: Massive Gold Rally Is Coming
- Silver Buy Signal: Central Fund of Canada
- Will Microsoft And Nokia Truly Deliver In 2012?
- Printing Money Like Gangbusters
- Gold Is Absolute Money
- Research In Motion: 3 Ways It Can Be Saved And Trade At $30
- Silver to Break $100 in 12 to 24 Months
- Collapse, No. Huge Losses, Guaranteed
- LISTEN: Interview with Bob Chapman
- Kanz Jewels displays world’s largest gold ring
- Gold Bar Premiums In Asia Rising Again On Physical Demand
- The Dollar's Lucky Streak
- For Europe, Every Day Is A New Adventure
- Morning Outlook from the Trade Desk - 01/12/12
- Richard Russell: "PLEASE MOVE INTO GOLD"
- Gold Bulls Encouraged By New Chinese Import Data
- Gold Hits 1-Month High
- The Nearest Thing to a Permanent Thing
- Sprott: “Who is not Getting the Silver?”
- The US Dollar Paper Tiger
- Adam Mesh on Gold
- Gold is Investors' Favorite Asset in 2012: Poll
- Tocqueville Gold Year-End Investor Letter for 2011
- Adrian Ash: China's 2012 Gold Panic
- John Embry - Silver to Break $100 in 12 to 24 Months
- John Embry: In sizing up gold and silver, ignore the naysayers
- Gold Prices at 4-Week High on China Demand
- Real metal costs more than paper gold, Turk tells Tekoa Da Silva
| WATCH: David Morgan talks with Tracy Weslosky Posted: 12 Jan 2012 05:02 AM PST Euro Collapse Means Flight To Precious Metals For Investors by David Morgan, Silver-Investor.com: ~TVR |
| Price Targets And Rating Updates On 6 Companies Posted: 12 Jan 2012 04:43 AM PST By FDO), KB Homes (KBH), Lennar (LEN), 99 Cents Stores Only (NDN), PriceSmart (PSMT) and Sonic (SONC). We cover more than 100 companies in different industries. We have price targets on each company, Buy/Hold/Sell ratings, and scores for growth, profitability, financial health, management and value. The following is an update on our current reports. Full reports can be seen at theoxengroup.com. The chart below shows new ratings, price targets and buy/sell ranges versus old ones: FDO – Upgrade From Hold to Buy, Maintain PT at $69 We have kept our price target the same on Family Dollar at $69. The company met our estimates for the quarter, and we have upgraded them as they have moved into our Complete Story » |
| Moolman: Massive Gold Rally Is Coming Posted: 12 Jan 2012 04:33 AM PST from hubertmoolman: Fractal Analysis Suggests Massive Gold Rally Is Coming Below, is a gold alert sent to my premium subscribers, on 5 January 2012. The patterns indicated, suggest that we will have a massive rally in gold over the coming months. To read the full article click here. ~TVR |
| Silver Buy Signal: Central Fund of Canada Posted: 12 Jan 2012 04:31 AM PST Has the Central Fund of Canada Given Us Another Silver Buy Signal? by Hubert Moolman, SilverSeek.com:
This CEF:Gold ratio barely triggered a buy signal for silver on December 27, 2011. Of course, a "barely triggered" signal may be all we are able to achieve if silver is getting ready to rocket higher after a brutal but fairly typical (for silver) correction from the the spring, 2011 highs. Here's a chart of this ratio thru today's close to show the buy signal for silver (the top plot is the price of silver, while the lower plot is the CEF:$GOLD ratio): Read More @ SilverSeek.com |
| Will Microsoft And Nokia Truly Deliver In 2012? Posted: 12 Jan 2012 04:29 AM PST By VancouverBull: Microsoft (MSFT) and Nokia (NOK) tell an unlikely love story of two entirely different firms. Microsoft has an attractive single digit P/E at present, good EPS growth, a healthy growing dividend and provides a virtually unrivaled level of safety and stability for a stock. Nokia was long considered equally stable, but the advent of smartphones, especially Apple's (AAPL) iPhone, exposed some structural weaknesses with the company, and the share price was decimated as a result. Nokia is still the world's largest manufacturer of mobile devices and a former leader in mobile software. Four years ago you would have paid in excess of $35 dollar for one share of Nokia, today it's a little over $5 and slowly climbing after a brutal decline in 2011. Nokia's fortunes are seemingly changing quite rapidly given the initial success of the Lumia 800 (and 710) with Northern European consumers and carriers alike. Nokia's share Complete Story » |
| Printing Money Like Gangbusters Posted: 12 Jan 2012 04:27 AM PST Gross: Central Banks 'Printing Money Like Gangbusters' by Margo D. Beller, CNBC.com:
By putting "hundreds of billions" in currency in circulation, the central banks "can produce reflation—that's why we're seeing the pop in oil, gold" and other commodities, he said in a live interview. At the same time, "there's the potential for deflation if the private credit markets can't produce some sort of confidence and solvency going forward," Gross said. "So we're at great risk here, not only in the U.S. but on a global basis." Gross has previously predicted a "paranormal" market in 2012 characterized by "credit and zero-bound interest rate risk" and fewer incentives for lenders to extend credit. Read More @ CNBC.com |
| Posted: 12 Jan 2012 04:22 AM PST by Richard Russell, FinancialSense.com:
This is a time when almost every central bank in the world is grinding out paper currency, grinding it out by the car-load. This is a time when people are searching for safety. People are frightened and confused. Where is the land of safety? There is only one safe asset on the planet: that safe asset is gold. Uninformed people believe gold is just a commodity. Wrong, gold is absolute money. Gold alone is the world's only completely safe currency. Gold has no counter-party against it, and no central bank has ever found a way to create gold. The fact is that gold can only be produced by the sweat, ingenuity, and capitalization of men. Read More @ FinancialSense.com |
| Research In Motion: 3 Ways It Can Be Saved And Trade At $30 Posted: 12 Jan 2012 04:20 AM PST By Cameron Kaine: Several weeks ago I wrote an article that chronicled Research In Motion's (RIMM) rise to prominence and its eventual swift fall from grace. It sort of reminded me of MTV's Behind the Music or ESPN's Outside the Lines. The only things that were missing were the interviews from the key players themselves. The article was called Research in Motion: The Real Story Behind Its Sad Ending. Through a series of missteps, which include several failed product launches, earnings misses, execution failures as well as losing its critical enterprise leverage, the company went into a tailspin that has resulted in where it is today - on the verge of irrelevance. I suppose some might say the fact that I've used the term "on the verge" is a tad too optimistic, but since writing that article, I have started to look into what can save the company from a total collapse. Again, Complete Story » |
| Silver to Break $100 in 12 to 24 Months Posted: 12 Jan 2012 03:42 AM PST from King World News:
Continue readin @ KingWorldNews.com |
| Collapse, No. Huge Losses, Guaranteed Posted: 12 Jan 2012 02:51 AM PST by Gary North, LewRockwell.com:
I did a search on Google for "economic collapse" and "2011." I got over 7 million hits. I read a short piece on the probability of social collapse. The author argues that complex systems require more energy. At some point, there is not enough energy to sustain the system. Then it collapses. This argument is implicitly based on the second law of thermodynamics, which teaches that energy moves from kinetic (stored) energy to dissipated energy, never to return. The system moves from complex back to simple. It moves from low entropy to high entropy. It moves from order to disorder. The argument became popular briefly in 1983 when far-left gadfly and perpetual co-author Jeremy Rifkin co-authored a book titled Entropy: A New World View. He argued that the world's economy is running out of energy, so the environment cannot sustain economic growth, and therefore the U.S. government must intervene to stop economic growth. He surely called on the correct institution to stop economic growth. No other institution comes close in this specialization. You can buy a used copy of this book on Amazon for a penny. It's overpriced. I wrote a book refuting Rifkin in 1988, Is the World Running Down? You can read it free here. |
| LISTEN: Interview with Bob Chapman Posted: 12 Jan 2012 02:23 AM PST
The International Forecaster joins us again, this week for our bi-weekly chat. Bob and I discuss the gold and silver New Year's take-off. We touch upon the Commodity Futures Trading Commission's review and investigation of the CME group. The C.F.T.C.'s has been tasked with looking into the leading causes of the MF Global failure. Check out a great interview Bob posted about this at www.theinternationalforecaster.com. Most of us thought Jon Corzine was finished, we were all sure he would never work on Wall Street again. However, Corzine is rumored to be going back into business and is even looking for new office space near the New York Stock Exchange. MF global is attempting to get everyone their money back, but why didn't CME stand behind their clients from the beginning? Regardless of who's really at fault, Bob predicts major changes in the way the Comex and other exchanges operate and a whole new level of transparency. There's really no other choice if we expect markets to continue functioning. Bottom lime, these government agencies aren't helping the public. Instead, they aim to serve the industry or group they are supposed to be monitoring, and this is upsetting the gold and silver markets. You should always remember there's two sides to debt, and when it comes to taking customers' funds, a thief like MF Global can never pass good title to stolen goods. Gold and silver are doing well, and at present, notwithstanding government manipulation to the contrary. Bob predicts the next stop is 1700, then 1800 and 1900. The fact that gold and silver are increasing while the dollar's in a up trend and the Euro's getting slammed is a major bullish indicator. Never forget one of the International Forecaster most telling lines, "inflate or die." It really explains everything you need to know about financial markets. Much more @ KerryLutz.com or @ 347.460.LUTZ |
| Kanz Jewels displays world’s largest gold ring Posted: 12 Jan 2012 02:20 AM PST |
| Gold Bar Premiums In Asia Rising Again On Physical Demand Posted: 12 Jan 2012 01:44 AM PST |
| Posted: 12 Jan 2012 01:43 AM PST Problems in Europe are helping, not hindering, U.S economy - but only for the short-term. |
| For Europe, Every Day Is A New Adventure Posted: 12 Jan 2012 01:40 AM PST Dollar Collapse |
| Morning Outlook from the Trade Desk - 01/12/12 Posted: 12 Jan 2012 01:04 AM PST European yields fall, investor euphoria suggests Europe has turned corner: NOT. But perception is 90% of the market. Gold finally broke 200 day MA decisively yesterday and promptly added another $25. Should be some resistance around the $1,670ish area. Europe's Tarpe program and the suggestion that there may be a solution to the US housing issue, which is a big drag on US growth, has encouraged investors. If the cycle plays out, this "may" create the background for the final bull leg in the market. The inflationary leg. This leg may run as long as two-three years and if it materializes, the blow-off stage at the end of the leg, will create prices much higher than many imagine possible. The risk however continues to be deflation and recession in Europe in the short term 3-6 months. |
| Richard Russell: "PLEASE MOVE INTO GOLD" Posted: 11 Jan 2012 11:48 PM PST From Investment Postcards from Cape Town: ... For a decade I have been urging my subscribers to move into gold – either physical bullion or otherwise. Now I am at it again, PLEASE MOVE INTO GOLD. Those who think gold has lapsed into a bear market simply do not know what they are talking about. Gold has simply been correcting in an on-going bull market. This is a time when almost every central bank in the world is grinding out paper currency, grinding it out by the car-load. This is a time when people are searching for safety. People are frightened and confused. Where is the land of safety? There is only one safe asset on the planet: that safe asset is gold. Uninformed people believe gold is just a commodity. Wrong, gold is... Read full article... More from Richard Russell: Richard Russell: Gold will be "the last man standing" Richard Russell: 12 tips for surviving the "End of America" The great Richard Russell issues a super-bearish warning |
| Gold Bulls Encouraged By New Chinese Import Data Posted: 11 Jan 2012 10:44 PM PST from GoldMoney.com:
As GoldCore analysts note, the Hong Kong-China gold news is particularly bullish, as there is a ban on exporting gold from China, meaning a smaller amount of tradable gold elsewhere in the world. November's imports were a 20% increase from October's already high number, and marks a 483% year-on-year increase, as can be seen from the chart below, courtesy of Reuters. Read More @ GoldMoney.com |
| Posted: 11 Jan 2012 10:37 PM PST Gold Hits 1-Month High, Breaks Ranks With Euro by Frank Tang and Amanda Cooper, Reuters:
The metal rose for a second day as the single currency hit a 16-month low against the dollar after ratings agency Fitch warned of dire consequences if the European Central Bank refrains from taking more action on Europe's debt crisis. Bullion has gained around 5 percent in 2012, appearing to halt a strong, positive link with riskier assets. In the previous two months, gold had tended to fall when the dollar strengthened, trading in virtual lockstep with the euro. However, some analysts said gold's gains could be short-lived because the metal has failed to garner safe-haven buying even as markets fretted over the viability of the euro. Read More @ Reuters.com |
| The Nearest Thing to a Permanent Thing Posted: 11 Jan 2012 10:35 PM PST by Jeffrey Tucker, DailyReckoning.com:
There they are on display: coins from all lands. Why are they worth more than the coins in your pocket? Because they are old? That's part of it. There are some new coins here that are also just as valuable as the old ones. What is critical is that they are made of gold and silver. You can pick them up and tell the difference. They are heavy. Stack them and let them fall on each other and they make a different sound from the coins that usually rattle around in your pocket. Read More @ DailyReckoning.com |
| Sprott: “Who is not Getting the Silver?” Posted: 11 Jan 2012 10:33 PM PST |
| Posted: 11 Jan 2012 10:25 PM PST by Jim Willie, GoldSeek.com: Events in the last decade displayed a vigorous effort to defend the USDollar. The rogue nation of Iraq sold crude oil in Euros for three years, until they were liberated. Its tyrant was a scourge to be sure. Weapons of financial mass destruction seem to have replaced the traditional type, the new variety being derivatives, mortgage bonds, and even sovereign bonds from weak nations. Newer weapons from the United States feature extended hands from clearing house fronts that snatch and grab segregated private accounts, and backdoor raids of exchange traded fund precious metal. Let's not overlook the more frontal assault weapons deployed like unseating Qaddafi and capturing his gold held in foreign accounts, along with all that cash. Liberation has its benefits. The confrontation with Iran would be comical if not so dangerous. The claims have been silly in my view for years, in the perception of Iran as a serious threat to the West. They have been subjected to cut communication lines on the Persian Gulf seabed. They have been subjected to Stuxnet viruses to obstruct their nuclear refinement process, via the Siemens rear door. They have been subjected to an influx of heroin from the north, where the USMilitary manages the Afghan situation and locale. Read More @ GoldSeek.com |
| Posted: 11 Jan 2012 10:10 PM PST Matt Grossman, Chief Equity Market Strategist at Adam Mesh Trading Group. says gold has returned to safe haven status as Europe languishes. He is bullish on gold, and says it will break the 2,000 level. ~TVR |
| Gold is Investors' Favorite Asset in 2012: Poll Posted: 11 Jan 2012 09:06 PM PST ¤ Yesterday in Gold and SilverIt was a very quiet trading day for both gold and silver yesterday. In gold, the high tick came shortly after 3:00 p.m. Hong Kong time...and from there, the gold price wandered around within five bucks of the $1,640 spot price for the rest of the Wednesday trading day. Gold closed at $1,643.00 spot...up $10.80 on the day. Volume, net of all roll-overs out of the February contact, was around 130,000 contracts...almost the same as Tuesday's volume. This is quite big volume considering the lack of price movement.
The silver price didn't do too much either. It was pretty steady until 2:00 p.m. Hong Kong time...and then rose to its high of the day at 10:00 a.m. in London, before getting sold off to its low of the day about five minutes after Comex trading began in New York. The subsequent price rally ended around 11:40 a.m. Eastern time...and then declined about 30 cents going into the close of Comex trading. From there it traded pretty flat until the close of electronic trading at 5:15 p.m. Eastern. Silver closed just under the $30 mark for the second day in a row, at $29.97 spot...up 3 whole cents. Net volume was 35,000 contracts...a few thousand less than Tuesday.
As I mentioned in 'The Wrap' yesterday, the U.S. dollar index rose and fell about 25 basis points between the New York open on Tuesday evening...and 5:00 a.m. Eastern time on Wednesday morning, which was 10:00 a.m. in London. Then it blasted 50 basis points higher in two hours flat, crawling up to its high of the day around 11:30 a.m. in New York. From there it declined gently into the close. The dollar index closed up about 45 points on the day. The approximately ten dollar decline in the gold price [that accompanied the 50 basis point rally in the dollar] between 10 a.m. and noon in London is pretty obvious on the Kitco gold chart above...but it wasn't much of a decline for such a big dollar move. And by the time the dollar rally was done around 11:30 a.m. Eastern, the gold price had rallied back to within a few bucks of its starting point at 10:00 a.m. in London...5:00 a.m. Eastern time. That's a bullish sign in my books.
On the bad news of out of Hecla Mining yesterday, the HUI gapped down at the open. The low came at 10:30 a.m. Eastern...and then the rest of the gold stocks spent the day crawling higher. I'm sure that if it hadn't been for the 21% pounding in Hecla's stock price, the HUI would have finished in positive territory yesterday. As it was, the HUI finished well off its low, closing down only 1.02%.
With the odd exception, the silver stocks didn't do overly well...and with Hecla Mining being one of the major components of Nick Laird's Silver Sentiment Index, it got hit for a 2.77% loss yesterday. BIG GOLD editor Jeff Clark informed me that Hecla will lose about 3.5 million ounces of silver production because of the closure of the Lucky Friday mine...if it stays closed all year, that is.
(Click on image to enlarge) The CME's Daily Delivery Report was a bit of a surprise. Only 8 gold contracts were posted for delivery on Friday...but a very chunky [for this time of month] 125 silver contracts were also posted for delivery. As usual, it was Jefferies on the short/issuer side...and the Bank of Nova Scotia and JPMorgan as the only long/stoppers. The link to the action is here. There was a very minor withdrawal from the GLD ETF yesterday...13,239 troy ounces...which was probably a fee payment. There were no reported changes in SLV. There was no sales report from the U.S. Mint yesterday, either. The Comex-approved warehouses are still busy places these days. Tuesday's report showed that 701,831 troy ounces were shipped in...and 426,528 troy ounces were shipped out. The link to that action is here. Silver analyst Ted Butler posted his mid-week commentary for his paying subscribers yesterday...and here are the usual two free paragraphs... "The main issue with the CME is the inherent conflict between its role as a for-profit corporation...and as a self-regulator. Let's face it, allowing any for-profit entity to essentially regulate itself, is just asking for trouble. And that is the problem. This conflict is at the heart of the new criticism...yet, curiously, is not mentioned often enough. Instead, observers of the current drama involving the CME and MF Global are misled by sound bites and clutter that fail to mention any inherent conflict of interest on the CME's part. That's because the CME is a master at spin-doctoring." "Because the CME is more interested in profit at any cost, not only has its self-regulatory role been compromised, it has actually enacted and encouraged developments which are downright hostile to the efficient functioning of its markets. You need not look further than the scourge of High Frequency Trading (HFT) for an example of what the CME has done wrong. HFT does nothing to enhance our markets, except generate excessive trading fees for the CME. HFT works against the very purpose for our futures markets of legitimate hedging because HFT is nothing more than day trading gone mad. Legitimate hedgers have no use for frantic day trading. High Frequency Trading also allows for markets to be manipulated easier." I have a decent number of stories for you today...and most of them are precious metals related. I hope you have the time to spend on them. One thing that I did notice, was that January open interest in silver had been sneaking up slowly during the week, with 102 contracts added yesterday. Gold Prices at 4-Week High on China Demand. Gold's plunge at end of 2011 was 'an operation,' Jim Sinclair says. John Embry: In sizing up gold and silver, ignore the naysayers. ¤ Critical ReadsSubscribeVolcker Rule Trading Ban Gets CFTC 3-2 VoteThe U.S. Commodity Futures Trading Commission proposed limits on banks' proprietary trading and hedge fund investments under the Dodd-Frank Act's Volcker rule. The CFTC voted 3-2 to propose the ban, becoming the last of five regulators to seek public comment on the proposal. Today's vote opens the measure to 60 days of public comment. The rule, named for former Federal Reserve Chairman Paul Volcker, was included in Dodd-Frank to rein in risky trading at banks that benefit from federal deposit insurance and Fed discount window borrowing privileges. This can't come too soon as far as I'm concerned. If passed...JPMorgan, for one, will no longer be able to trade commodities [especially the four precious metals] in their proprietary [in-house] trading account. This Bloomberg story from yesterday is courtesy of Washington state reader S.A...and the link is here.  Revolving Door: From Top Futures Regulator to Top Futures LobbyistWhile America focused on New Hampshire, a classic example of revolving-door politics took place in Washington, going almost completely unnoticed. It's a move that ranks up there with the hire of Louisiana congressman Billy Tauzin to head the pharmaceutical lobbying conglomerate PhRMA -- at a salary of over $2 million a year -- immediately after Tauzin helped ram through the Medicare Prescription Drug Bill, a huge handout to the pharmaceutical industry. In this case, the hire involves Walter Lukken, who toward the end of the Bush years was the acting head of the Commodity Futures Trading Commission. As the chief regulator of the commodities markets, it was Lukken's job to spot and combat speculative abuses and manipulations that might have led to artificial price hikes and other disruptions. Lukken has just been named to head the Futures Industry Association, or FIA, the chief lobbying arm of futures investors. This follows the Tauzin pattern of revolving-door hires: a government official carries water for a powerful industry, then moves on to take the cushy job with the industry's lobbying arm once he leaves office. Matt Taibbi over at Rolling Stone magazine really does a number on Lukken...and rightfully so. This is Roy Stephens first offering of the day. It's a must read...and the link is here.  Bud Conrad: "The End of the Euro As We Know It"Here's a 25-minute interview with Casey Research's chief economist, Bud Conrad, that he had with Jim Puplava over at the financialsense.com website on Tuesday. They discuss the ongoing European financial crisis and its implications for Europe and the rest of the world. Bud also sees more money-printing ahead, followed by higher gold prices. I would think that it's well worth your time if you have it...and the link is here.  Bomb kills Iran nuclear scientist as crisis mountsAn Iranian nuclear scientist was blown up in his car by a motorbike hit man, prompting Tehran to blame Israeli and U.S. agents but insist the killing would not derail a nuclear program that has raised fears of war and threatened world oil supplies. The fifth daylight attack on technical experts in two years, the magnetic bomb delivered a targeted blast to the door of 32-year-old Mostafa Ahmadi-Roshan's car during Wednesday's morning rush-hour. The chemical engineer's driver also died, Iranian media said, and a passer-by was slightly hurt. Israel, whose military chief said on Tuesday that Iran could expect to suffer more mysterious mishaps, declined comment. The White House, struggling for Chinese and Russian help on economic sanctions, denied any U.S. role and condemned the attack. This Reuters story was filed from Tehran at 10:43 p.m. Eastern time last night. [I note with some amazement that sometime between midnight and 4:00 a.m. Eastern time, Reuters changed the headline to read "U.S. wins Japan support over Iran nuclear program". The 'thought police' are everywhere when war is in the air and, as Winston Churchill so famously remarked..."The first casualty of war, is the truth."] I thank Roy Stephens for his second story of the day. It's a must read, of course...and the link is here.  Mossad it again? 4th Iranian nuclear scientist bombedHere's the same new story posted over at the Russia Today website. War correspondent Eric Margolis told RT that the latest assassination, which he describes as an international crime, will not seriously affect Iran's nuclear program. "It may slow things down, but it won't end them because Iran is a big country, it has a large cadre of scientists. It will continue to work." According to Margolis, possible retaliation from Iran could be directed against Israeli or American scientific figures or diplomats in the region. "The Iranians are very anxious to get revenge, but they are being cautious because war seems not so far away in the Gulf," he added. Roy Stephens sent me this story as well...and the link is here.  Gold's plunge at end of 2011 was 'an operation,' Sinclair saysMining entrepreneur and gold advocate Jim Sinclair told King World News yesterday that gold's plunge at the end of 2011 was "an operation" and that he agrees with the Tocqueville Gold Fund's John Hathaway that a short squeeze is imminent. I borrowed the above introductory paragraph from a GATA release yesterday...and the link to the KWN blog is here. Tocqueville Gold Year-End Investor Letter for 2011 Posted: 11 Jan 2012 09:06 PM PST  2011 was a good year for gold bullion, up 11.3%, but a tough year for gold stocks which declined 18.3% based on the XAU index of gold and silver stocks. We addressed the reasons for the disparity between the performance of gold bullion and gold mining stocks at length in our web site article (The Golden Mulligan-September 2011). We concluded then, and still maintain, that gold mining equities represent a compelling investment strategy to participate in the secular bull market in gold bullion, and conversely, the secular bear market in paper currencies. |
| Adrian Ash: China's 2012 Gold Panic Posted: 11 Jan 2012 09:06 PM PST  Wednesday brought news that gold imports to China through Hong Kong set a fresh monthly record in November of more than 100 tonnes. |
| John Embry - Silver to Break $100 in 12 to 24 Months Posted: 11 Jan 2012 09:06 PM PST  Eric King sent me this John Embry blog shortly before midnight. It's well worth the read...and it's posted over at the King World News website. The link is here. |
| John Embry: In sizing up gold and silver, ignore the naysayers Posted: 11 Jan 2012 09:06 PM PST  Over the past 11 years, both metals have not only shot up in price, but have dramatically outperformed every fiat currency on earth. Gold and silver prices have been in effective lockdown recently because of the ongoing global slump. This comes as no surprise to folks who follow gold closely. After all, western government have feared that gold might be seen as a better store of value than sovereign debt or other financial assets in their rapidly failing systems of fiat currencies. John's essay was posted over at the Investor's Digest of Canada on December 30th. It's a must read...and the link is here. |
| Gold Prices at 4-Week High on China Demand Posted: 11 Jan 2012 09:06 PM PST  Strong buying demand out of China pushes gold higher for a second day, rising 0.5% to $1,639.60 an ounce. Despite a rise in the dollar index, gold bullishness prevailed on record imports from Hong Kong ahead of the Chinese New Year later this month. Gold prices are up 2% so far this week, now sitting at a 4-week high. The precious metal also closed above the 200-day moving average of $1,632.69 an ounce; signaling what could be a significant shift in sentiment. "We predict that $2,400 is a reasonable target for this year," says Donald Doyle, Chairman & CEO at Blanchard & Co.—the largest retail metals dealer in the U.S. "The principle factors that are pushing gold higher now have really been in place for some time." |
| Real metal costs more than paper gold, Turk tells Tekoa Da Silva Posted: 11 Jan 2012 09:06 PM PST  GoldMoney founder and GATA consultant James Turk told Bull Market Thinking's Tekoa Da Silva that there are two kinds of gold -- real metal and paper -- and the closer you get to the real metal, the higher the price. This interview was done yesterday...and is posted over at the bullmarketthinking.com website...and the link is here. |
I stumbled onto this little gem about a year ago and I think it is about to work its magic again. I am speaking of the ratio of the Central Fund of Canada (CEF) to the price of Gold. 
The world's central banks are "printing money like gangbusters," which could revive the threat of inflation, Pimco founder Bill Gross told CNBC Wednesday.
For a decade I have been urging my subscribers to move into gold — either physical bullion or other wise. Now I am at it again: PLEASE MOVE INTO GOLD. Those who think gold has lapsed into a bear market simply do not know what they are talking about. Gold has simply been correcting in an on-going bull market.
Many traders have been shocked as gold has already risen $120 off of the recent lows. But silver, which has been quiet for some time, may finally be ready to make a move. Today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management to get his take on where he sees gold, silver and the mining shares headed from here. When asked about the action in gold, Embry said, "Well, I think it's putting in a reasonable performance. I'm not going to be excited by gold's performance until it breaks away from the shackles of the gold cartel and goes up, on a given day, by $50 or $100. Day to day gains are still being limited to 2%."
The gold price enjoyed another up day yesterday – spurred on in part by news of record high imports of gold from Hong Kong to mainland China. Comex gold for delivery in February rose 0.5% ($8.10) to settle at $1,639.60 per ounce. Silver for March delivery settled up 0.3% (7.5 cents) to $29.89 per ounce. Platinum was the standout performer in the precious metals sector, with the April platinum contract up 2.3% ($33.10), settling at $1,497.70 per ounce on concerns about power supply problems at South African mines.
You can find a coin shop in nearly every town in the United States. The proprietor is unlike any you will find in any other store. He is unusually steeped in history, intensely aware of the larger context of the passing economic and political scene. This is because if it is a good shop, you will find the whole history of modern life on exhibit, and learn more from looking than you find in a multivolume history.
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