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- Chris Martenson: Robert Wiedemer – Awaiting the Aftershock
- Perth Mint Report: ETF PRICE SUPPRESSION MECHANICS
- Currency Positioning And Technical Outlook: Signals Strongest In Euro And Yen
- Don and Woody on Silver and More
- U.S. Mint Gold Coins Set for Strongest November Sales in 14 Years
- The end of Japan as we know it
- Special Report: Greeks rage against pension calamity
- Gold and silver receive another raid/Moody's lowers the ratings on European ESM/ESFS/ Poor China PMI/
- Gold and silver raided again/China's PMI implodes again/Moody's lowers ratings on ESM and ESFS/Greek banks give ultimatum to EU if they are to participate in new PSI/
- Gold, Silver Rise On Concerns Of Further Currency Debasement and QE4
- Under What Conditions Will Citizens Gold be Confiscated and How?
- Dollar Reappraisal : Gold Vanishing into Private Hoards
- The Gold Problem
- Why Silver will outperform gold 400% & how you can join the party
- Gold Recovers Pre-Jump-and-Slump Level, Forecast to Average $1920 in 2013
- Possibility for Gold to Regain Its Medium-term Glitter
- By the Numbers for the Week Ending November 30
- TDG Model Portfolio Crushes the Benchmarks in 2012
- Harvey Organ: The Emerging Gold Shortage
- Forex: The EUR/USD Closes November At 1.3000, Now What?
- Gold Bulls And Bears Should Short GDX
- Gold Little Changed In November, Could Surge In December
- Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression
- Gold and Silver Disaggregated COT Report (DCOT) for November 30
- Huldra Featured in National Post
- Performance Of S&P 500 International Vs. Domestic Stocks
| Chris Martenson: Robert Wiedemer – Awaiting the Aftershock Posted: 01 Dec 2012 10:43 AM PST Peak Prosperity Featured Voices Podcast: Bob Wiedmer, author of the best-seller The Aftershock Investor: A Crash Course in Staying Afloat in a Sinking Economy, regards the 2007 puncturing of housing market prices and the 2008 financial market swoon as the precedents to two much larger and much more dangerous bubbles. These more pernicious threats are the dollar bubble ("printing money") and the government debt bubble ("borrowing money"). While are expanding at a sickening pace, in the near term they deceptively make things seem much better than they are. But like all bubbles, they are unsustainable. And when these collapse, they are going to take the entire financial system, and very possibly, the currency with them (aka, the "aftershock") from chrismartensondotcom: ~DF |
| Perth Mint Report: ETF PRICE SUPPRESSION MECHANICS Posted: 01 Dec 2012 05:50 AM PST |
| Currency Positioning And Technical Outlook: Signals Strongest In Euro And Yen Posted: 01 Dec 2012 05:45 AM PST By Marc Chandler: Our assessment of macro fundamentals leave us inclined to favor the dollar on a medium term basis. However, we continue (see here and here) to recognize that near-term technical considerations favor the major foreign currencies, but the yen. It seems many participants lack conviction about the price action. As our review of the Commitment of Traders shows, outside of the euro and yen, positioning by the momentum players and trend followers in the futures market was little changed. Moreover' the euro's rise appears to be driven by short-covering rather than the establishment of new longs. The yen seems to be the exception. Here many participants believe a major turn has taken place. We are less convinced and are sensitive to the distinction between declaratory policy (what officials say) and operational policy (what official do). With the Japanese election still two weeks away, we recognize there is more Complete Story » |
| Don and Woody on Silver and More Posted: 01 Dec 2012 05:31 AM PST There is more to life than Ag folks. Don and Woody "keep it real", talk politics, running for el presidente, investing in hard assets (Ag included), and more. from daytradeshow: ~TVR |
| U.S. Mint Gold Coins Set for Strongest November Sales in 14 Years Posted: 01 Dec 2012 03:46 AM PST ¤ Yesterday in Gold and SilverGold traded quietly higher during the early portion of Far East trading on Friday...but by 2:00 p.m. Hong Kong time, the price flat-lined until 1:00 p.m. GMT in London...about twenty minutes before the 8:20 a.m. Eastern time Comex open. At the point, the selling pressure began...and by the time the absolute low of the day [$1,707.50 spot] was in about five minutes before the Comex close...about $23 had been carved off the gold price from its London high. The subsequent rally pared those losses. Gold closed at $1,715.20 spot...down $10.60 from Thursday's close. Net volume was decent at around 146,000 contracts.
Silver got sold off during early morning trading in Hong Kong, but by 1:00 p.m. in London...8:00 a.m. in New York...the price was back to unchanged from Thursday's close. There was a minor sell off during the next two hours of trading...and the real decline began at 10:00 a.m. Eastern time. Silver's low...$33.07 spot...like gold's came at 1:25 p.m...about five minutes before the Comex trading session ended. The silver price then drifted sideways for the first part of the electronic trading session, but rallied a bit going into the close. Silver had an intraday price move of well over 3 percent on Friday...the same intraday percentage move it had on Wednesday. Silver finished the Friday session at $33.44 spot...down 83 cents. Net volume was also pretty decent...around 57,000 contracts.
Platinum got sold off as well, but not as much...and it made a decent recovery. There was almost no sign of price interference in palladium. But as I pointed out the other day, there is no monstrous Commercial net short position in that metal. It's market neutral at this particular moment...and finished up on the day.
It was another 'nothing' day in the dollar index yesterday, as it chopped around just above the 80.00 mark, closing the Friday session at 80.24...up 3 basis points from Thursday. Of course there was no co-relation between the index and the precious metals once again.
The gold shares rallied a bit at the open, but then gold sold a bit over 2 percent...with the low of the day coming around 3:30 p.m. From there, they recovered sharply going into the close...and the HUI only finished down 0.94%. It could have been worse. The ino.com website is obviously having some serious issues with its HUI data...so here is the Kitco HUI chart once again.
Despite the absolute shellacking that the silver price took, the shares themselves turned in an impressive performance, as there were a lot of green arrows on my list of companies that I track...and Nick Laird's Silver Sentiment Index closed down only 0.74%. Amazing!
(Click on image to enlarge) There was no CME Daily Delivery Report posted on their website until just before midnight last night Eastern time...which is about five hours later than normal. What it showed was that only 31 gold contracts were posted for delivery on Tuesday. Only 102 gold contracts have been posted for delivery during the first two days of the December delivery cycle...which I find amazing. It was a different story in silver, as 545 contracts were posted for delivery on Tuesday. The two big short/issuers were JPMorgan in its proprietary [in house] trading account with 343 contracts...and Jefferies with 169 contracts issued. The two biggest long/stoppers were JPMorgan in its client account with 255...and Barclays with 168 contracts stopped. In the first two delivery days for silver...1,116 silver contracts have been posted for delivery. This sounds normal. This link to yesterday's Issuers and Stoppers Report is here...and it's worth the trip. Despite the two sell offs in the paper market on Wednesday and Friday, the GLD ETF continued to add metal yesterday. This time an authorized participant added 58,124 troy ounces of gold. And, for a change, there were no reported changes in SLV. They had another decent sales report to close out the month over at the U.S. Mint yesterday. They sold 5,500 ounces of gold eagles...1,500 one-ounce 24K gold buffaloes...and 25,000 silver eagles. Unless more are added to these totals on Monday, the November sales figures are as follows: 136,500 ounces of gold eagles...16,500 one-ounce 24K gold buffaloes...and 3,159,500 silver eagles. Because of the huge number of ounces of gold sold by the mint in November...especially during this past week...the silver/gold sales ratio dropped all the way down to just over 20:1. I have a must read Reuters story about this in the 'Critical Reads' section further down. By the way, I wouldn't be at all surprised if the mint held back some November silver eagles sales for the December month. If they did, we'll find out about it on Monday. It was a really busy Thursday over at the Comex-approved depositories. They reported receiving 1,552,896 troy ounces of silver...and shipped 311,368 ounces of the stuff out the door. JPMorgan Chase's depository was on the receiving end of 625,441 troy ounces of that amount. The link to that activity, which is worth a peek, is here. As expected, the Commitment of Traders Report for positions held at the close of Comex trading on Tuesday did not make for happy reading. In silver, the Commercial net short position only increased by a rather small 1,606 contracts, or 8.0 million ounces. I was expecting much worse. The total Commercial net short position now sits at 56,792 contracts, or 284.0 million ounces. The 'big 4' hold 278.1 million ounces of silver short...almost the entire Commercial net short position on their own. On a 'net' basis, the 'big 4' are short over 45% of the entire Comex futures market in silver...and I'd bet serious money that virtually that entire amount [95% plus] is held by JPMorgan Chase and Scotiabank. The '5 through 8' traders are short an additional 51.2 million ounces of silver...and on a 'net' basis are short an additional 8.3 percentage points. Adding them up, the 'Big 8' are short over 53% of the entire Comex futures market in silver. But it's only the 'Big 2' that matter...as the other six traders hold only about 2 percentage points of the total Commercial net short position each...and are immaterial in the grand scheme of things. There are 41 Commercial traders registered on the short side of the Comex silver market...and two of them are short 45% plus of that market. A lot of the other 39 traders...Ted Butler's raptors...all work together in collusion as well. You couldn't make this stuff up! These are precisely the same numbers that CFTC Chairman Gary Gensler and Commissioner Bart Chilton are looking at as well...and have been 'investigating' for more than four years. When I talk about 'obscene and grotesque' short positions in the silver market, this is of what I speak. Reader E.W.F...who sends me the weekly COT charts...made the comment that the 'Big 4' in silver are holding their largest short position since January 2010. No doubt that short position has declined since the Tuesday cut-off...but we won't know by how much until next Friday...December 7th...the "day which will live in infamy". In gold, the Commercial net short position increased by a chunky 15,983 contracts, or 1.6 million ounces of silver. The total Commercial net short position now sits at 25.20 million ounces. The 'big 4' traders are short 15.63 million ounces of that amount...and on a 'net' basis are short 34.8% of the entire Comex futures market in gold. The '5 through 8' traders are short an additional 5.94 million ounces, or 13.2% of the entire Comex futures in gold. Add them up...and the 'Big 8' are short 48% of the entire Comex futures market in gold...and that's a minimum number. There are 48 traders registered as short holders in the Commercial category in gold...and 4 of them are short 34.8% of the Comex futures market in gold. As you can see, the short positions in gold are not as concentrated as they are in silver...but it matters not when most of the 'Big 8'...and a lot of the smaller 'raptor's are all working together. The CME Group does nothing...the CFTC does nothing...and the precious metals companies that we all own shares in, do nothing as well. It's obvious to me that in order to work for, or at, any of these organizations...you have to agree to wrap your testicles in a piece of paper on which is written the full and complete meaning of the words "Fiduciary Responsibility"...and keep them out of sight while you are so employed. Here's Nick Laird's "Days of World Production to Cover Short Positions" chart. This week's Commercial short position data is a high water mark for silver that goes all the way back to January of 2010...a fact that the CFTC should be ashamed of.
(Click on image to enlarge) Here's a chart that Washington state reader S.A. sent my way yesterday...and it's pretty self explanatory. The banks do quite well in all this. Up to a point, they don't care about the principal...as it was created out of thin air anyway...what they're really concerned about is regaining the revenue stream from the interest they charge on the money they create out of thin air.
Here are three pet photos that were sent to me by readers by John Sanders and David Caron a few weeks back...and this is the first time I've had the space to post them.
Being a weekend column...I have a lot of stories for you today. I hope you can find the time over the weekend to pick through the ones that interest you. Ever present is the record Commercial net short position in silver...and an almost equally large short position in gold Bron Suchecki...The Perth Mint...ETF Price Suppression Mechanics. China's Debut of Gold Inter-Bank Trading Begins Monday. Turkey Continues Trading Gold for Iranian Natural Gas. Short position in silver largest since January 2010. ¤ Critical ReadsSubscribeHouse Republicans Seek Delay of Volcker RuleTwo top Republican Congressmen have asked regulators to further delay the so-called Volcker rule that would ban U.S. banks from proprietary trading. Representatives Spencer Bachus of Alabama and Jeb Hensarling of Texas sent a letter to regulators Thursday requesting a delay of the rule's effective date for two years after the final version is issued. They cited concerns about disagreements among regulators and a lack of transparency in the rule writing. Bachus is the House Financial Services Committee chairman; Hensarling will succeed him in the next Congress. "Given the time that it will take for you to agree on one version of the Volcker Rule as well as the tremendous uncertainty that market participants face in trying to anticipate what the final rule will look like, we respectfully suggest that the Federal Reserve Board delay the Volcker Rule's effective date," the lawmakers wrote. This story showed up on the moneynews.com Internet site late on Thursday afternoon...and I thank West Virginia reader Elliot Simon for his first of many stories in today's column. The link is here.  Tim Geithner's Solution To The Debt Ceiling Is So Reasonable, Nobody Could Possibly ObjectAs part of the White House's "opening offer" in the Fiscal Cliff negotiations, here's what Geithner proposed, according to The New York Times' Jonathan Weisman: To ensure that there are no more crises like last year's impasse, Mr. Geithner proposed permanently ending Congressional purview over the federal borrowing limit, Republican aides said. He said that Congress could be allowed to pass a resolution blocking an increase in the debt limit, but that the president would be able to veto that resolution. Only if two-thirds of lawmakers overrode that veto could Congress block a higher borrowing limit. Nailed it. This almost completely prevents a debt ceiling crisis ever again, while keeping the ceremonial aspect that people like. There would still be votes, but they'll mainly serve as a way to let politicians play politics, without putting anything at risk. For what it's worth, after the 2011 standoff, when Obama wanted to be sure that the debt ceiling hike would get the country through the 2012 election, this was the method used. The ceiling was raised in a few steps, giving the Republicans a few votes to register their displeasure. It's so reasonable, nobody could possibly disagree. What??? I can't believe I just read that...and I'm sure you can't either. This story was posted on the businessinsider.com Internet site on Thursday evening Eastern time. I thank Roy Stephens for sending it along...and it's worth the read...and the link is here.  McConnell 'Burst Into Laughter' as Geithner Outlined Obama's PlanMitch McConnell, the Senate Republican leader, says he "burst into laughter" Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn't trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts. Geithner's visit to his office left McConnell discouraged about reaching a "balanced" deal on tax hikes and spending reductions designed to prevent a shock to the economy in January. "Nothing good is happening" in the negotiations, McConnell says, because of Obama's insistence on tax rate hikes for the wealthy but unwillingness to embrace serious spending cuts. Geithner suggested $1.6 trillion in tax increases, McConnell says, but showed "minimal or no interest" in spending cuts. This story showed up on The Weekly Standard website early on Thursday evening...and it's a story that I borrowed from yesterday's edition of the King Report. The link is here.  New Norm High Food Costs Boost Supply Risk as World Hunger GrowsHigh and volatile global food prices have become the "new norm," creating increased risk for supplies at a time when 12 percent of the population remains chronically undernourished, the World Bank said. Even after the World Bank's food-price index slipped from a record in July, the measure was still 7 percent higher in October than a year earlier, the Washington-based lender said today in a report. While costs have dropped in recent months, fats and oils still are 12 percent more expensive than a year earlier, and grains are "very close" to the all-time high reached in 2008, the bank said. "A new norm of high prices seems to be consolidating," Otaviano Canuto, the World Bank Group's vice president for poverty reduction and economic management, said in an e-mailed statement. "Although we haven't seen a food crisis as the one of 2008, food security should remain a priority." This Bloomberg piece was posted on their website late on Thursday afternoon...and my thanks go out to Elliot Simon once again. The link is here.  Doug Noland: Ready for Year-End Fiscal Cliff Drama?It's imperative to constantly test one's thesis – in my case, an unconventional view of the world of finance, the markets and the global economy. Does one's analytical framework help explain system behavior? Of course, various perspectives come replete with biases, blurry vision and potentially perilous blind spots. Often it is too easy to simply see what one wants to see. At the same time, a sound framework and proper perspective create the opportunity for more objective analysis. I'll add that history has shown that this all becomes keenly relevant during manias. The U.S. stock market has more than doubled from 2009 lows. Financial conditions seemingly |
| The end of Japan as we know it Posted: 01 Dec 2012 03:46 AM PST  Since the late '90s, Japan's government has run a series of deficits while the central bank has kept interest rates at below zero through the liberal use of quantitative easing measures. |
| Special Report: Greeks rage against pension calamity Posted: 01 Dec 2012 03:46 AM PST  In the heat of a June night, Eleni Spanopoulou found her audience at an Athens hotel turning ugly. Mutiny and violence hung in the air. For hours the leader of the Greek journalists' social security fund had been chairing a meeting about disastrous losses on retirement savings caused by the country's economic collapse. "She tried to present herself as the fund's savior and asked (members) to double contributions to 6 percent of salaries," said one of those present that night at the Titania hotel. Spanopoulou, 58, did not succeed. |
| Posted: 01 Dec 2012 12:38 AM PST This posting includes an audio/video/photo media file: Download Now |
| Posted: 01 Dec 2012 12:02 AM PST This posting includes an audio/video/photo media file: Download Now |
| Gold, Silver Rise On Concerns Of Further Currency Debasement and QE4 Posted: 30 Nov 2012 11:52 PM PST gold.ie |
| Under What Conditions Will Citizens Gold be Confiscated and How? Posted: 30 Nov 2012 11:48 PM PST Gold Forecaster |
| Dollar Reappraisal : Gold Vanishing into Private Hoards Posted: 30 Nov 2012 10:30 PM PST |
| Posted: 30 Nov 2012 10:30 PM PST Mises.org |
| Why Silver will outperform gold 400% & how you can join the party Posted: 30 Nov 2012 10:30 PM PST The Money Changer |
| Gold Recovers Pre-Jump-and-Slump Level, Forecast to Average $1920 in 2013 Posted: 30 Nov 2012 08:27 PM PST Gold Recovers Pre-Jump-and-Slump Level, Forecast to Average $1920 in 2013 GOLD PRICES rose back to $1730 per ounce in early London trade on Friday – the same level seen just before last week's late jump and subsequent 2.0% sell-off on Wednesday. Silver touched a new 8-week high just shy of $34.40 per ounce, while the broader commodities market ticked lower. Major-government debt prices were flat. So too were European stock markets. New data today showed Eurozone unemployment hitting a post-unification record of 11.7%. The German Bundestag voted 473 to 100 to approve the latest €44 billion aid to Greece. "[Gold demand from] central banks could help the price, specifically South American banks," says one London trader in a note "But that's demand for the long run, and our days are made of shorter-term decisions." Latest data from the US Mint showed a strong rise in sales of Gold Coins to retail dealers in late November. Holdings in exchange-traded trust products (gold ETFs) rose globally to a new record high of 2,619.4 tonnes according to Bloomberg. "[That's] proof that gold remains in high demand as a store of value and a safe haven despite all the price fluctuations," says this morning's note from Commerzbank in Frankfurt. "My average [gold price] forecast for 2013 is $1920," says David Jollie at Mitsui, the Japanese trading conglomerate. He was the winner in 2011 of the London Bullion Market Association's silver forecast. "We expect investment demand to remain robust in China," adds the latest monthly report from Standard Bank's precious metals analysts here in London. "The reasons for the expected rise in gold investment demand in China are broad-based and, we believe, very similar to those in many other countries…substantial monetary stimulus and low or negative real interest rates." Speaking today to Reuters, Marcus Grubb, director for investment at market-development organization the World Gold Council, said "There's evidence already that the Chinese economy is bottoming out, and beginning to recover again. "[Gold will] have strength into Q1 next year on Chinese New Year," Grubb added, forecasting a 10% rise in 2013 gold demand from this year's likely 800-tonne total. "I think you'll see China perform strongly in 2013 as the economy recovers." Adrian Ash Gold price chart, no delay | Buy gold online at live prices Adrian Ash is head of research at BullionVault, the secure, low-cost gold and silver market for private investors online, where you can buy gold today vaulted in Zurich on $3 spreads and just 0.5% dealing fees. (c) BullionVault 2012 Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
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| Possibility for Gold to Regain Its Medium-term Glitter Posted: 30 Nov 2012 08:23 PM PST Based on the November 30th, 2012 Premium Update. Visit our archives for more gold & silver analysis.
10 days ago, in our gold and silver stocks essay, we wrote that volatility in the mining stocks sector was mostly emotionally-driven. Since then some of that volatility seems to have transpired to the metals market. Gold dived $25 on Wednesday, immediately triggering rumors of misplaced trades or technical errors. The CME Group denied this had been the case and theories of a large player selling gold off in the morning sprung up like mushrooms.
Regardless of what was the case of the drop, one is clear: these are volatile times and the end of November has proved to be no exception. The month ends almost at the same price level where it began, with substantial action along the way. From this picture comes one conclusion which might be reassuring for gold bugs: the beginning of November turned out to be a local bottom.
The (short-term!) slide in October and the mixed developments in November come as no substantial pain to those of you who had decided to implement some of the ideas we had outlined in our essay on gold and silver portfolio structure. With November almost behind us, precious metals investors turn to December with hope of gold regaining its glitter just as the shops are being decorated for Christmas. One thing that could ruin gold investors' good mood is a repeat of what we saw during last December when gold declined approximately $200. Actually, gold trades very close to price levels that it traded at before the December 2011 decline begun.
To find out what might be in store for gold, let's turn to currency charts (charts courtesy of http://stockcharts.com). We begin with a look at the long-term Euro Index chart. We do this because the overall situation in the currency markets is much clearer from this perspective. There is a flag pattern seen here following a sharp rally which is also a post-breakout consolidation.
As soon as the euro rallies a bit more, an even bigger rally will likely be seen. While a move to 131 would be significant, we would prefer to see the index surpass the 132 level (September high) before declaring that a significant additional rally is very likely. The flag pattern, a form of consolidation, implies that higher index values are more likely than not. Turning now to the medium-term USD Index chart, a consolidation has been ongoing for over a month, and the index now appears ready to move lower. The decline and consolidation here are a reflection of the upswing and consolidation seen recently in the Euro Index.
All in all, the currency markets are likely to have positive impact on gold in the medium term.
Let's move on to the yellow metal itself – this time we decided to provide you with the look at gold from the Japanese yen perspective. The most interesting thing visible on the above gold chart is that when gold declined recently, it allowed the price in yen to verify a move above its declining resistance line. This breakout was verified, and the RSI is no longer heavily overbought. The situation here is bullish.
Is a major bottom in? The recent signal from the SP Gold Stock Extreme Indicator #2 confirms this theory. There was a strong buy signal seen earlier this month suggesting that the bottom is in. The rebound was seen and the outlook remains bullish as this indicator suggests at least a 2-week rally in gold, silver and mining stocks. Consequently, the bullish implications are still in place.
Summing up, the long-term Euro Index chart and the medium-term USD Index chart suggest that lower values might be more probable than not for the dollar in the medium term. Along with a bullish picture from the gold in Japanese yen chart, the implications here are medium-term bullish for precious metals.
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Thank you for reading. Have a great and profitable week!
Przemyslaw Radomski, CFA Founder, Editor-in-chief Gold & Silver Investment & Trading Website – SunshineProfits.com
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Disclaimer
All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
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| By the Numbers for the Week Ending November 30 Posted: 30 Nov 2012 06:50 PM PST This week's closing table is just below. 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, will likely be completed by the usual time on Sunday (by 18:00 ET). Early Monday at the latest.
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| TDG Model Portfolio Crushes the Benchmarks in 2012 Posted: 30 Nov 2012 06:47 PM PST The Model Portfolio is up 34.2% YTD (after being down 6% in 2011) which crushes the precious metals benchmarks. Silver is closest with a 20% gain. See the chart below.
It has been a great 2012 but we are looking forward to working our tail off to find the big winners and outperformers in 2013! Learn More About Our Service Here
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| Harvey Organ: The Emerging Gold Shortage Posted: 30 Nov 2012 05:38 PM PST
Harvey Organ – The Emerging Gold Shortage The Chinese, Russians and others are buying up every ounce they can. Harvey believes that the Comex will fail and then everything is going to hit the fan. Listen to Harvey's interview @ financialsurvivalnetwork.com |
| Forex: The EUR/USD Closes November At 1.3000, Now What? Posted: 30 Nov 2012 03:36 PM PST By FXstreet: The EUR/USD rallied to five-week highs on Friday and after a brief setback, the euro managed to close the session at 1.3000, higher against the dollar for the third consecutive day and printing a weekly gain for the third time in a row. EUR/USD also finished November with a net gain of 0.3%. This week, the Eurogroup finally approved a Greek bailout package and Germany's parliament backed it today. Meanwhile in the U.S., fiscal cliff talks remain in deadlock, weighing on the greenback. "Now that Greece is 'off the agenda,' the FX market might soon turn towards issues which could put pressure on the dollar," says Ulrich Leuchtmann, analyst at Commerzbank. "This applies to the debate about the U.S. fiscal policy and the Fed." BK's analyst Kathy Lien believes that "Congress will announce a partial deal at the eleventh hour that involves closing loopholes, limiting deductions and extending Complete Story » |
| Gold Bulls And Bears Should Short GDX Posted: 30 Nov 2012 03:21 PM PST By Danny Furman: The performance of precious metals mining stocks has baffled bulls in recent years, and will likely continue to do so indefinitely. Gold (GLD) broke the $500/oz barrier in early 2006 for the first time in decades and leading low cost producer Goldcorp (GG) exploded to a then all-time-high just shy of $40/share. Just a year prior shares traded under $15 while gold itself was trending upwards but remained under $450/oz. Today GG trades at $39/share, just pennies higher than it peaked with $700/oz gold in May 2006. Including dividends the widely agreed upon best gold mining company on the planet has returned just over 10% in almost seven years while bullion has more than doubled. GG traded above $50/share when gold first broke the $1500 barrier in 2011 and has lost more than 20% since, while today the yellow metal trades above $1700/oz. Owners of shares of highly profitable Complete Story » |
| Gold Little Changed In November, Could Surge In December Posted: 30 Nov 2012 02:58 PM PST  By Tim Iacono: The price of gold fell more than $10 an ounce in Friday trading, following a smackdown early Wednesday morning when the price plunged nearly $30 an ounce. In short order, however, the metal ended up finishing November with a modest gain. What once looked like a move of almost $100 an ounce higher this month has turned into a meager 0.4% gain based on the London PM Gold Fix via data from Kitco. The month goes into the record books as an underperforming November, as shown below. Recall that November has, for decades, been one of the very best months of the year for the price of gold and, over the last 10 or 12 years, it's been the clear leader. But after a single trader placed a massive 24 tonne sell order for gold futures two days ago, the metal will end the week about $40 an Complete Story » |
| Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression Posted: 30 Nov 2012 01:20 PM PST
The following are 11 facts that show that Europe is heading into an economic depression... 1. The economies of 17 out of the 27 countries in the EU have contracted for at least two consecutive quarters. 2. Unemployment in the eurozone has hit a brand new all-time record high of 11.7 percent. 3. The unemployment rate in Portugal is now up to 16.3 percent. A year ago it was just 13.7 percent. 4. The unemployment rate in Greece is now up to 25.4 percent. A year ago it was just 18.4 percent. 5. The unemployment rate in Spain has hit a brand new all-time record high of 26.2 percent. How much higher can it possibly go? This is already higher than the unemployment rate in the United States ever reached during the Great Depression of the 1930s. 6. Youth unemployment levels in both Greece and Spain are rapidly approaching the 60 percent level. 7. Earlier this month, Moody's stripped France of its AAA credit rating, and wealthy individuals are leaving France in droves as the socialists implement plans to raise taxes to very high levels on the rich. 8. Industrial production is collapsing all over Europe. Just check out these numbers...
9. There are even trouble signs in the "stable" economies in Europe. In Germany, factory orders in September were down 3.3 percent from the month before, and retail sales in October declined 2.8 percent from the previous month. 10. The debt of the Greek government is now projected to hit 189 percent of GDP by the end of this year. 11. The Greek economy has shrunk by more than 7 percent this year, and it is being projected that the Greek economy will contract by another 4.5 percent in 2013. But sometimes you can't really get a feel for how bad things really are over there just from the raw economic numbers. Many people that are living through these depression-like conditions are totally giving in to despair. Just check out the following example from an RT article from earlier this year...
Please take note of what is happening in places like Greece and Spain right now, because similar conditions will soon be coming to the United States. This is one reason why I try so hard to encourage people to prepare for what is coming. There is hope in understanding what is coming and there is hope in getting prepared. You don't want to end up getting blindsided by the coming crisis and end up sitting on a park bench trying to figure out if life is still worth living or not. Life is most definitely worth living. Yes, a storm is coming and the world is going to become incredibly unstable in more ways than one. But if you understand what is coming and you work hard to prepare, then you and your family will have a chance to thrive even in the midst of the storm. Please learn from what is happening over in Europe. The economic horror show that is unfolding over there is going to come to America too, and time is running out.
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| Gold and Silver Disaggregated COT Report (DCOT) for November 30 Posted: 30 Nov 2012 01:18 PM PST HOUSTON -- This week's Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday. Our recap of the changes in weekly positioning by the disaggregated trader classes, as compiled by the CFTC, is just below. In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In the Change column, a negative number indicates either an increase to an existing net short position or a reduction of a net long position. A black figure in the Change column indicates an increase to an existing long position or a reduction of an existing net short position. The way to think of it is that black figures in the Change column are traders getting "longer" and red figures are traders getting less long or shorter. All of the trader's positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report. Gene Arensberg for Got Gold Report. |
| Huldra Featured in National Post Posted: 30 Nov 2012 12:52 PM PST Small Cap Fund Manager likes Huldra:
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| Performance Of S&P 500 International Vs. Domestic Stocks Posted: 30 Nov 2012 12:42 PM PST  Hickey and Walters (Bespoke) submit: Although stocks in the S&P 500 are typically considered to be domestic in nature, the reality is that many of them generate more the half of their revenues outside of the United States. After apple pie, there is nothing more American than Coca-Cola and Heinz Ketchup, right? The reality is that both Coke (KO) and Heinz (HNZ) generate more than half of their revenues outside of the United States and, as a result, individual investors with U.S. equities may have a more diversified portfolio than they think. In periods when the U.S. dollar is weak, having a portfolio of multinational companies can work in an investor's favor. However, when the dollar is strong, those multinationals will often underperform the companies that generate the majority of their revenues in the United States. With that consideration in mind, using our Database of International Revenues, we have grouped stocks in the Complete Story » |
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