Gold World News Flash |
- Charles Savoie – Anglo American Empire + Silver Suppression – YouTube
- Make Money from Your Old Cell Phone | Fox Business Video
- French Court Says 75% Tax Rate on Rich Is Unconstitutional – Bloomberg
- Public Buying “Monstrous” Amounts Of Physical Gold & Silver
- It’s the Little Things That Matter: 100 Survival Items To Help Keep A Sense of Normality and Sanity After the Collapse
- Gold and The Fiscal Cliff
- Saturday (morning) Weekly Market Wrap for December 29, 2012
- This Past Week in Gold
- Another Great Quote from George Carlin…
- Gold Outlook 2013: Peter Hug – YouTube
- Dollar up against Yen as new PM settles in – Zawya
- Nick Barisheff: Gold Price Could Easily Double, Hyperinflation and Complete Collapse – YouTube
- Gold & Silver Are Nowhere Close to Bubble Territory ? Here Are 5 Reason Why
- Keiser offers silver rounds to protest occupation by bankers
- What Gold Bubble? Mining Stocks Are Dirt Cheap
- Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States
- Silver market rigging lawsuit against Morgan dismissed but may be revived
- Potential of 3D Printing Technology – YouTube
- Margin Debt Soars To 2008 Levels As Everyone Is "All In", Levered, And Selling Vol
- Gold & Silver Are Nowhere Close to Bubble Territory – Here Are 5 Reason Why
- Dr. Faber and I Concur: There Are Major Reasons to be Very Cautious in 2013 – Here's What To Do
- Diplomatic cables disclose more conspiring by Western governments to rig gold market
- Another admission that Indian gold ETFs would loan their metal, suppressing prices
- Readers’ Golden Nuggets Focused on Gold, Resources and Overcoming Negativity
- Government Reckless Spending and Soaring Debts Should Boost Gold and Silver 2013
- High IQ Gold Stocks Investing
- 2013 Invest in Year Apples not APPL
| Charles Savoie – Anglo American Empire + Silver Suppression – YouTube Posted: 29 Dec 2012 11:53 PM PST Check our website daily at http://www.figanews.com Charles Savoie discusses: (1) THe Pilgrim... [[ This is a content summary only. Visit http://goldbasics.blogspot.com for full Content ]]  | ||||||||||
| Make Money from Your Old Cell Phone | Fox Business Video Posted: 29 Dec 2012 10:19 PM PST Check our website daily at http://www.figanews.com Make Money from Your Old Cell Phone... [[ This is a content summary only. Visit http://goldbasics.blogspot.com for full Content ]]  | ||||||||||
| French Court Says 75% Tax Rate on Rich Is Unconstitutional – Bloomberg Posted: 29 Dec 2012 10:03 PM PST Check our website daily at http://www.figanews.com President Francois Hollande's 75 percent... [[ This is a content summary only. Visit http://goldbasics.blogspot.com for full Content ]]  | ||||||||||
| Public Buying “Monstrous” Amounts Of Physical Gold & Silver Posted: 29 Dec 2012 10:01 PM PST  Today 42-year veteran Bill Haynes, President of CMI Gold & Silver, told King World News that the public is now buying "monstrous" amounts of physical gold and silver. Haynes also discussed what this unprecedented buying means going forward and how it will impact the market.Here is what Haynes had to say: "Eric, this was a 3 day week for us because of the holiday schedule. In that 3 days we did more business than what we have done in any single week in years. The buying is monstrous in here. As an example, we had one buyer which completed a transaction for $6.8 million." This posting includes an audio/video/photo media file: Download Now | ||||||||||
| Posted: 29 Dec 2012 09:30 PM PST by Norse Prepper, SHTFPlan:
Bullets…check. Beans…check. Band Aids…check. The list goes on and on sometimes doesn't it? As preppers, we all are stockpiling the items and supplies that we plan on needing if and when it hits the fans. We all need to make sure we can eat, drink, protect ourselves from the elements and defend what needs to be defended. However, today I found myself thinking of things that weren't on my "Need in order to survive" list. Little things that we all take for granted today, but someday, we may look back and think how simple it would have been to pick up a couple of those items when they are no longer on a store shelf near you. Don't get me wrong, the "Need in order to survive" list is far more important than this one because that is priority number one. But ask yourself, what is priority number two? I would call this the luxury list. These are things that people don't necessarily need, but will help to keep a sense of normality and sanity when possibly cut off from our instantly able to be gratified society. Things like chocolate. Many preppers stock it because of its shelf life. I stock it because it will lift the spirits of those who will be close to me. It's a little thing now with shelves stocked in the local big box, but one year after the collapse, it will be a big thing!! If you have children, think about when their birthdays arrive. Can you imagine how great of a present it would be for them to get a chocolate bar, or a new dress, or a cap gun? Think of things that would make that day extra special to a beautiful seven year old birthday girl. Think of something that could be brought out and given to your husband or wife that would take their breath away that is taken for granted today. | ||||||||||
| Posted: 29 Dec 2012 08:22 PM PST Fundamental analysis, while helpful at times, is no substitute for a good technical discipline. That's why gold with all its bullish longer-term fundamentals can be under selling pressure in the short term. It doesn't really matter what ... Read More...  | ||||||||||
| Saturday (morning) Weekly Market Wrap for December 29, 2012 Posted: 29 Dec 2012 08:03 PM PST The U.S. Dollar was Up slightly. It seems to be leading Treasuries for several months. My Forecast Rally now looks like it is Topping or has Topped. Therefore a Rally should start soon. Read More...  | ||||||||||
| Posted: 29 Dec 2012 07:59 PM PST Summary: Long term - on major sell signal. Short term - on sell signals. Gold sector cycle - down as of Oct 13. Read More...  | ||||||||||
| Another Great Quote from George Carlin… Posted: 29 Dec 2012 07:45 PM PST from Casey Research:
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| Gold Outlook 2013: Peter Hug – YouTube Posted: 29 Dec 2012 07:33 PM PST Check our website daily at http://www.figanews.com Gold Outlook 2013: Peter Hug via Gold Outlook... [[ This is a content summary only. Visit http://goldbasics.blogspot.com for full Content ]]  | ||||||||||
| Dollar up against Yen as new PM settles in – Zawya Posted: 29 Dec 2012 07:29 PM PST Check our website daily at http://www.figanews.com WASHINGTON, Dec 27, 2012 (AFP) – The... [[ This is a content summary only. Visit http://goldbasics.blogspot.com for full Content ]]  | ||||||||||
| Nick Barisheff: Gold Price Could Easily Double, Hyperinflation and Complete Collapse – YouTube Posted: 29 Dec 2012 06:50 PM PST Check our website daily at http://www.figanews.com Nick Barisheff, CEO of the $650 million Bullion... [[ This is a content summary only. Visit http://goldbasics.blogspot.com for full Content ]]  | ||||||||||
| Gold & Silver Are Nowhere Close to Bubble Territory ? Here Are 5 Reason Why Posted: 29 Dec 2012 03:29 PM PST [B][B][B][B][B][B][B][B][B]“[B]Follow the munKNEE” [/B][/B]via[B][B][B][B][B][B][B] twitter [/B][/B][/B][/B][/B][/B][/B]&[B][B][B][B][B][B][B] Facebook[/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B] While the debate rages on about whether or not gold/silver are in some kind of investment bubble, the facts completely obliterate any possible argument supporting the “bubble” thesis. [Here they are.] Words: 585 So writes Dave Kranzler ([url]www.goldenreturnscapital.com[/url])*in edited excerpts from his recent post* on Seeking Alpha entitled Gold In A Bubble? Seriously? [INDENT]This article is presented by [COLOR=#ff0000][COLOR=#ff0000]www.FinancialArticleSummariesToday.com [/COLOR](A site for sore eyes and inquisitive minds) and [COLOR=#ff0000]www.munKNEE.com [/COLOR]*(Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a... | ||||||||||
| Keiser offers silver rounds to protest occupation by bankers Posted: 29 Dec 2012 02:53 PM PST 4:50p ET Saturday, December 29, 2012 Dear Friend of GATA and Gold (and Silver): Journalistic provocateur Max Keiser of Russia Today's "The Keiser Report" has partnered with the Northwest Territorial Mint to strike another blow against the monetary metals price suppression scheme, together offering 1-ounce silver rounds engraved in the name of the "Global Insurrection Against Banker Occupation." Foremost among those bankers, of course, is J.P Morgan Chase & Co. "These bullion rounds," the mint says, "will serve as investment, conversation piece, and political statement all at once" -- maybe the sort of political statement that can get you accused of counterfeiting just when habeas corpus happens to be suspended. But then if you're receiving these dispatches you already may be on a few "national security" lists, so there's probably no extra harm in taking a look: http://bullion.nwtmint.com/keiser_ethical_silver_round.php CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT How to profit in the new year with silver -- Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... Join GATA here: Vancouver Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html 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 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 GoldMoney adds Singapore vaulting option In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 11, 2013. Tthe gold buy rate is 0.98%, while the silver rate is 1.99%. Metal exchanges into Brink's Singapore will also be discounted for this period and will be charged at 0.78% for gold and 1.75% for silver. Simply place your order online and the above rates apply automatically until January 11, 2013, 15.00 UK time. To find out more about the new vault, please visit: http://www.goldmoney.com/singapore?gmrefcode=gata GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults. It's easy to open an account, add funds, and liquidate your investment. For more information, visit: http://www.goldmoney.com/?gmrefcode=gata | ||||||||||
| What Gold Bubble? Mining Stocks Are Dirt Cheap Posted: 29 Dec 2012 02:33 PM PST When the people fear their government, there is tyranny; when the government fears the people, there is liberty - Thomas JeffersonI thought of that quote when I read yesterday that the U.S. Senate has extended the law enabling the Government to search our emails and monitor our cellphones without a warrant. This country is collapsing... I wanted to revisit briefly the notion that gold might be in some kind of bubble. A lot of people have contacted me expressing disappointment with gold's recent behavior and many have dumped their mining stocks or plan to do so. This is a mistake. First, assuming it doesn't drop around $95 on Monday, gold will have completed its 12th straight year of year-over-year gains. Name one other asset class that has done that. In terms of reaching a new high, gold did that in August 2011 and the new high was followed by the current price correction cycle. These cycles typically last an average of 18 months, so we are nearing the end of this correction cycle. Finally, I was struck by a chart posted by Chartsrus.com which shows the serial decline of gold demand in the western hemisphere. I wrote about that HERE As you can see, based on demand metrics gold is decidedly not in an investment "bubble." From a fundamental standpoint, the mining stocks, as represented by the HUI Amex Gold Bugs Index of unhedged mining stocks, are as cheap relative to the price of gold as at any time over the last three years. This is actually true going back 10 years. As you can see from the HUI/gold chart I posted in the linked article, the HUI/gold ratio chart has consolidated just above a 3-yr low, after testing the 3-yr low twice. To reinforce the potential bullishness of the mining stocks, the momentum indicators represented by the RSI and MACD are moving higher from an "oversold" condition. My prediction for 2013 is that it will be a very happy year indeed for anyone aggressively invested in the precious metals and mining stock sector. | ||||||||||
| Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States Posted: 29 Dec 2012 02:27 PM PST Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. StatesCourtesy of Michael of Economic Collapse
This philosophy can be very seductive, but what happens when the number of takers eventually outnumbers the number of producers? In 11 different U.S. states, the number of government dependents exceeds the number of private sector workers. This list of states includes some of the biggest states in the country: California, New York, Illinois, Ohio, Maine, Kentucky, South Carolina, Mississippi, Alabama, New Mexico and Hawaii. It is interesting to note that seven of those states were won by Barack Obama on election night. In California, there are 139 "takers" for every 100 private sector workers. That is crazy! The American people have become absolutely addicted to government money, and it gets worse with each passing year. If you can believe it, entitlements accounted for 62 percent of all federal spending in fiscal year 2012. It would be one thing if we could afford all of this spending, but unfortunately we simply cannot. We are drowning in debt, and we are stealing more than a hundred million more dollars from future generations with each passing hour. No bank robber in history can match that kind of theft. Yes, we will always need a safety net. There are many people out there that simply cannot take care of themselves. We certainly don't want to see anyone sleeping in the streets or starving to death. But if the number of people jumping on to the safety net continues to grow at the current pace, the net will break and it will not be available for any of us. For example, the number of Americans on food stamps grew from about 17 million in 2000 to more than 47 million today. It nearly tripled in just 12 years. What will happen if it nearly triples again over the next 12 years? The federal government even has a website (benefits.gov) that guides people through the process of figuring out what welfare programs they can take advantage of. Overall, the federal government runs nearly 80 different "means-tested welfare programs" and more than 100 million Americans are already enrolled in at least one of those programs. Yes, I realize that figure is very hard to believe. I had a hard time believing it when I first came across it. And it is even more shocking when you realize that the figure of 100 million Americans does not even include those who only receive Social Security or Medicare. Today, there are 56.76 million Americans on Social Security. To support all of those Americans on Social Security, there are only about 94.75 million full-time private sector workers. So there are just 1.67 full-time private sector workers to support each American that is on Social Security. Medicare is also growing like crazy. As I wrote about the other day, the number of Americans on Medicare is expected to grow from 50.7 million in 2012 to 73.2 million in 2025. How much farther can we push things before the entire system collapses? In order to support this exploding entitlement system, we need a lot more Americans to be working good paying jobs. Unfortunately, millions of good paying jobs continue to be shipped overseas and they aren't coming back. We are even losing good jobs to our own prisoners. The United States has the largest prison population in the world by far, and the exploitation of that low wage labor pool has become a boom industry in America. Even Microsoft and Boeing are using prison labor now. Just check out this video. Meanwhile, there are millions upon millions of law-abiding Americans that cannot find jobs and that cannot take care of their families. So poverty and dependence on the government are absolutely exploding. We have a system that is so messed up that it is hard to even put it into words. The middle class is being viciously shredded, and most Americans just continue to applaud the politicians from both parties that are doing this to us. Our economy is being gutted at the same time that the welfare state is experiencing unprecedented growth. Instead of giving us real answers, our "leaders" just continue to borrow, spend and print more money. We are about to hit the debt limit again, and the Obama administration is saying that we should just do away with the debt limit permanently. Most of our politicians don't seem to understand that they are systematically destroying our economy and the bright futures that our children and our grandchildren were supposed to have. But there are some politicians out there that get it. Unfortunately, many of them live in other countries. For example, Canadian MP Pierre Poilievre seems to have a firm grasp on what debt is doing to the United States. The following are some excerpts from one of his speeches...
You can see his entire speech right here. And if we continue down this path it is most definitely true that our money will eventually become worthless at some point. Just today I was down at the grocery store, and a can of chili that I was able to get on sale for 75 cents a couple of years ago now has a "sale price" of $1.69. If the Federal Reserve keeps recklessly printing dollars, eventually we will be fortunate to get a can of chili for 10 bucks. Things cost too much already, and the Fed seems absolutely determined to cut the legs out from under the U.S. dollar. Unfortunately, printing money is the only way that we are going to be able to service the gigantic amounts of debt that we are accumulating. According to Chris Cox and Bill Archer, two men who served on Bill Clinton's Bipartisan Commission on Entitlement and Tax Reform, there is no way in the world that we could raise taxes high enough to pay for all of the obligations that we are currently taking on. They say that even if we taxed all corporations and all individuals at a 100% tax rate on all income over $66,193, "it wouldn't be nearly enough to fund the over $8 trillion per year in the growth of U.S. liabilities." Are you starting to get an idea of how much trouble we are in? We don't have enough money to pay for all of this. We are broke. Our current economy is a debt-induced illusion, and we will soon be waking up to a tremendous amount of pain. Are you ready?
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| Silver market rigging lawsuit against Morgan dismissed but may be revived Posted: 29 Dec 2012 01:19 PM PST 3:20p ET Saturday, December 29, 2012 Dear Friend of GATA and Gold (and Silver): A federal judge has dismissed the class-action silver market-rigging lawsuit against J.P. Morgan Chase & Co. that was brought a year ago in September, ruling that the complaint lacked the specifics and claims of bad intent necessary to be allowed to proceed to trial. The dismissal was ordered a week ago by Judge Robert P. Patterson Jr. in U.S. District Court for the Southern District of New York. The judge gave the plaintiffs 30 days to show cause why they should be allowed to file a substitute complaint. Judge Patterson's decision is posted in PDF format at GATA's Internet site here: http://www.gata.org/files/GATASilverClassActionDismissed-12-21-2012.pdf The judge begins on Page 19 to enumerate the deficiencies he found in the complaint. Interestingly, the judge also writes on Page 19, "JPMorgan declines to challenge that it possessed the ability to influence market prices." Of course silver market rigging whistleblower Ted Butler long has maintained that Morgan's disproportionate position in the silver futures market is by itself highly manipulative. A representative of one of the law firms for the plaintiffs in the case, Labaton Sucharow in New York, wrote to clients this week: "We are exploring next steps with the hope that there is some way to revive the case." The lawsuit's complaint from September 2011 is posted at GATA's Internet site here: http://www.gata.org/node/10448 CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT GoldMoney adds Singapore vaulting option In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 11, 2013. Tthe gold buy rate is 0.98%, while the silver rate is 1.99%. Metal exchanges into Brink's Singapore will also be discounted for this period and will be charged at 0.78% for gold and 1.75% for silver. Simply place your order online and the above rates apply automatically until January 11, 2013, 15.00 UK time. To find out more about the new vault, please visit: http://www.goldmoney.com/singapore?gmrefcode=gata GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults. It's easy to open an account, add funds, and liquidate your investment. For more information, visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Vancouver Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html 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 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 How to profit in the new year with silver -- Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...
This posting includes an audio/video/photo media file: Download Now | ||||||||||
| Potential of 3D Printing Technology – YouTube Posted: 29 Dec 2012 11:43 AM PST Check our website daily at http://www.figanews.com Mark Niu travels to Silicon Valley, where... [[ This is a content summary only. Visit http://goldbasics.blogspot.com for full Content ]]  | ||||||||||
| Margin Debt Soars To 2008 Levels As Everyone Is "All In", Levered, And Selling Vol Posted: 29 Dec 2012 11:40 AM PST There were some readers who took offense at our "bloodbath" recap of yesterday's market action (modestly different from that provided by MarketWatch). And, all else equal, a modest 28 step drop in the E-Mini/SPX would hardly be earthshattering. However, all else was not equal, and based on peripheral facts, the reason for our qualifier is that as of last week virtually nobody was prepared for a move as violent and sharp as the one experienced in the last minutes of trading yesterday. In such a context a "mere" 1.5% drop in the futures market has a far more pronounced impact on participants than a 10% or even 5% drop would have had, had traders been positioned appropriately. They weren't. So what was the context? Let's find out. First as the NYSE just reported margin debt just soared to a near five year high, with Margin Debt at a whopping $327 billion, surpassing the highest print since the Lehman collapse, and the highest level since February 2008. Not only is everyone all in based on , but they are all in on nearly record amounts of leverage. As noted previously this happened just as the net long positioning of specs soared to an all time high. In short - the "sidelines" speculator money is already all in, and is using gobs of leverage. Second, when it comes to high beta, or traditionally the most volatile stocks, those that serves as either leaders or laggards in the market in its year end phases, we take a look at the Russell 2000 Mini speculative exposure as shown by the CFTC's weekly Commitment of Traders update. The chart below needs no explanation: the net non-commercial spec longs in the Russell 2000 have never been more bullish. If the market, which is priced to absolute levered perfection disappoints, the high beta exposure will be annihilated. Third, and last, for all those who have had a sinking feeling ever since June that something was even more broken with the equity market, more so than usual, we have just one chart to prove all of them right. As this chart of net non-commercial CoT VIX exposure shows, starting in June and continuing ever since, the net exposure in VIX futures has gone down in what is virtually a straight line. But what changed in June? Well, as some may recall, something very substantial - the head of the Fed's Markets Group, i.e., its trading desk, got a new head: one who has been rumored to have a different PPT style to his predecessor Brian Sack - a style that involves the relentless selling of VIX to take advantage of a market which is drowning in reflexivity, and in which the movement of the vol surface has a far greater impact on the underlying asset than any fundamentals or news flow: want to send the market higher (and have an infinite balance sheet at JV partner Citadel courtesy of your backstop, then just sell, sell, sell VIX). At least we can now scrap the "rumored" part. * * * So to all those who are confused why a 1.5% drop in the market constitutes a bloodbath, now you know: with no hedges on, with massive margin exposure on, and with everyone all in, the last thing the market can sustain is selling, any selling, or else the dreaded margin calls start coming in and PMs have to satisfy margin insufficiency with more selling, setting of an avalanche of even more selling, which ends where, nobody knows. In fact one can argue that in this context a modest 1.5% drop may have a greater impact on sentiment and positioning than a whopping 10% drop did as recently as 2008 when everyone was more or less positioned to expect precisely such a thing. Because if one is 99% levered, a 1.5% move lower just wiped out all equity. But hey: a few more percent and one can be certain that Wall Street's unofficial branch of government, the Fed, will get a solemn request by such representatives of "the people" as Chuck Schumer to "get to printwork" as soon as possible... | ||||||||||
| Gold & Silver Are Nowhere Close to Bubble Territory – Here Are 5 Reason Why Posted: 29 Dec 2012 11:02 AM PST "Follow the munKNEE" via twitter & Facebook While the debate rages on about whether or not gold/silver are in some So writes Dave Kranzler (www.goldenreturnscapital.com) in edited excerpts from his recent post* on Seeking Alpha entitled Gold In A Bubble? Seriously?
Kranzler goes on to say, in part: Reason #1: There Has Been No "Blow-off" Move Higher Yet We have yet to see the typical "blow-off" move higher, where investors chase the price of gold higher at all costs. In fact, those who remember the last time gold behaved in "bubble" fashion, 1979-1980, also remember that there were lines of people going out [to] coin shops all over the country and around the block as buyers lined up to chase the price and supply. Reason #2: "Cash-for-Gold" Businesses Are Still Flourishing Furthermore, the "cash-for-gold" business is still proliferating and profiting handsomely from people taking their gold/silver jewelry and other sundry "junk" items and selling it for a pretty big discount to the spot price. If gold were exhibiting the traits of a bubble asset, the cash-for-gold business would disappear and we would be seeing ads all over the place for businesses trying to sell into frenzied demand. Reason #3: Investment in Gold Is Still Less Than 1% As it stands now, globally institutions have less than 1% of their assets invested in gold: Given that in 1980, U.S. institutions had 6% of their holdings in gold, it is arguable that the gold bull market has yet to even cycle through the typical second stage of a bull market (1. smart money, 2. institutions, 3. public/blow off bubble) and, based on conversations with numerous national coin dealers, maybe 2% of the public has started to buy physical gold and silver (obviously, they are still selling). Reason #4: Demand for Gold Is Not Yet Universal Probably the best the indicator that gold is not even remotely close to being considered in a "bubble" state is this chart below I sourced from King World News, from Chartsrus.com (the black box edits are mine): (click to enlarge) The chart [above] shows investment and jewelry demand segmented, for the most part, into eastern and western hemisphere countries. As you can see, since the gold bull market started, western hemisphere demand has declined almost every year since the 2002 peak by a stunning 60%. Concomitantly, the demand in eastern hemisphere countries has increased almost every year. If the gold market were truly in a bubble, that blue line above would be rising at least as fast as the red line and probably faster. Reason #5: Gold/Silver Mining Stocks Are Currently Oversold Not Overbought The gold/silver/mining stock market has corrected to the point at which it can be considered technically oversold. The mining stocks particularly represent compelling value right now: (click to enlarge) From a fundamental standpoint, the mining stocks, as represented by the HUI Amex Gold Bugs Index of unhedged mining stocks, are as cheap relative to the price of gold as at any time over the last three years. This is actually true going back 10 years. As you can see from the above chart, the HUI/gold ratio chart has consolidated just above a 3-yr low, after testing the 3-yr low twice. To reinforce the potential bullishness of the mining stocks, the momentum indicators represented by the RSI and MACD are moving higher from an "oversold" condition. Conclusion Because of the deteriorating fiscal condition of the U.S. and the acceleration in global Central Bank money printing, I expect gold and silver to stage a significant rally starting in early 2013….
*http://seekingalpha.com/article/1086301-gold-in-a-bubble-seriously Related Articles: 1. Bull Markets Always End With a Bang, Not a Whimper, So Gold's Run Should Have More Legs
2. How Will the Price of Gold Evolve Into 2013, 2014 and Beyond? A Perspective
4. Gold Projected to Reach $4,000/ozt. Sometime Between Late 2015 & Mid 2017! Here's My Rationale
5. Update: 51 Analysts Now Maintain that Gold is Going to $5,500 – $6,500/ozt. in 2015!
6. Gold Should Be At $4,666 These Days – Here's Why
7. Alf Field: Gold STILL Targeted to Reach $4,500 – Preceded By Violent Upside Action We now have a really strong probability that the correction which started at $1913 on 23 August 2011 has been completed both in terms of Elliott waves and also in terms of time elapsed. If this is correct, the gold price should soon be expressing itself in violent upside action as it moves into the third of third wave which is still targeted to reach $4,500. [Let me explain in detail (with charts) how and why my most recent analyses confirm my earlier target of $4,500.] Words: 1085 8. New Analysis Suggests a Parabolic Rise in Price of Gold to $4,380/ozt.
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| Posted: 29 Dec 2012 10:08 AM PST "Follow the munKNEE" via twitter & Facebook Dr. Marc Faber, the author and publisher of the "Gloom Boom And So writes the Economics Fanatic (www.economicsfanatic.com) in edited excerpts from his post* on seeking Alpha entitled Dr. Marc Faber's Market Outlook For 2013.
The article goes on to say, in part: According to Dr. Marc Faber:
Very clearly, Dr. Faber is hinting at volatile or declining markets in 2013. It is difficult to discuss the outlook for the whole year in an environment where markets are constantly bombarded with news related to economic activity and policy action. However, one can discuss the likely trend based on the existing factors, which would impact risky asset classes in the foreseeable future. In line with Dr. Faber's view, I am neutral to bearish when it comes to predicting the market outlook for 2013. Before I discuss the reasons, I must emphasize here that I am not predicting any major market crash. However, it would not be surprising to see sideways markets in 2013 with a relatively high degree of volatility. Reason #1: Corporate Earnings to Disappoint I am of the opinion that corporate earnings will disappoint in the fourth quarter of 2012 and [that] this trend will continue into 2013.
U.S. corporate profit after tax reached record high levels in Q3 2012 [see graph below]. I do expect this trend to reverse in the fourth quarter. Also, the downward earnings trend should continue over the next few quarters as there seems to be no positive upside trigger in sight for relatively robust economic activity. Click to enlarge images. What is very important to note here is that:
[While] 0ne might argue that liquidity can continue to prop up markets, it is important to understand that market participants might move to relatively safer asset classes if excess liquidity does nothing substantial to the real economy. Continuing the discussion on index earnings, the table below shows that 63.3% of S&P 500 companies beat analyst estimates in the third quarter of 2012 compared to 64.5% in the second quarter of 2012. I can say with some conviction that more companies will miss on analyst estimates in the coming quarters leading to correction in specific stocks and the broader markets. As mentioned in Dr. Faber's summary, some stocks have already started correcting discounting relatively poor results in the foreseeable future. Reason #2: Government Policies & Related Uncertainties
As mentioned earlier, the continued failure of expansionary monetary policies to impact the real economy might trigger a negative reaction from equity markets sometime in 2013. Readers might argue that the U.S. is not in a recession and headline unemployment numbers are improving [and,] as such, government policies are working. However, I would look at indicators such as the velocity of money and the U6 rate to determine the real state of the economy.
These critical factors do make me believe that all is not well with the economy and the markets will react sooner or later to the real economic gloom. Conclusion Dr. Faber's view might be right for 2013 and investors do need to focus on capital preservation. Also, trading might not be a good idea as markets can exhibit a high degree of volatility amidst economic and policy uncertainty. In line with this view, I would consider the following investments for 2013:
* http://seekingalpha.com/article/1086011-dr-marc-faber-s-market-outlook-for-2013 Related Articles: 1. Investors, Get Fully Invested! S&P 500 On Verge of Entering Euphoria Stage of Cyclical Bull Market
2. Dr. Nu Yu's Update on the S&P 500′s Developing "Three Peaks and a Domed House" Pattern
3. Here's Another Clue to Future Direction of S&P 500
4. Shiller & Siegel Forecasts of Future Real Stock Market Returns Differ Considerably
5. Don't Ignore This Fact: "Greedometer Gauge" Signals S&P 500 Drop to the 500s by July-August, 2013!
6. Current Market Overvaluation (from 33% – 51%!) Suggests Cautious Long-term Outlook
7. Goldman Sachs: The Fiscal Cliff Is a Real & Present Danger to Future Level of S&P 500 – Here's Why
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| Diplomatic cables disclose more conspiring by Western governments to rig gold market Posted: 29 Dec 2012 09:02 AM PST 11:18a ET Saturday, December 29, 2012 Dear Friend of GATA and Gold: Two U.S. State Department diplomatic cables from 1974 obtained by GATA researcher R.M. show Western central bank and treasury officials engaged in secret discussions -- that is, conspiring -- to control the price of gold and prevent any increase in its recognition as money. The first cable was sent in May 1974 by then-Treasury Undersecretary Paul Volcker, who went on to become chairman of the Federal Reserve Board, from the U.S. embassy in Paris to the U.S. secretary of state in Washington for forwarding to another treasury undersecretary. The cable conveys a report by Netherlands Treasurer-General C.J. Oort about a meeting of European Community finance ministers in the Dutch city of Zeist on April 22 and 23. Two proposals for controlling the gold price were discussed in Zeist, Oort wrote, according to Volcker's cable: "One is that monetary authorities periodically fix a minimum and a maximum price below or above which they would not sell or buy on the market. The other consists in creating a buffer stock to be managed by an agent who would be charged by the monetary authorities to intervene on the market such as to ensure orderly conditions on the free market for gold." ... Dispatch continues below ... ADVERTISEMENT Fred Goldstein and Tim Murphy open All Pro Gold All-Pro Gold, run by long-time GATA supporters Fred Goldstein and Tim Murphy, offers its services to GATA supporters and anyone else interested in precious metals. The company brokers a full line of precious metals and numismatic coins. It aims to inform prospective clients about the importance of the monetary metals as part of a diversified financial portfolio and to keep prospective clients current with market trends. All-Pro Gold has competitive pricing and ships promptly to clients so they may have physical possession. Learn more by e-mailing Fred@allprogold.com or Tim@allprogold.com or telephone 1-855-377-4653 or visit www.allprogold.com. Of course the latter idea sounds like a plan to reconstitute the London Gold Pool, which controlled the gold price from 1961 until its collapse in March 1968: http://en.wikipedia.org/wiki/London_Gold_Pool Volcker's cable conveying Oort's statement is posted at GATA's Internet site here: http://www.gata.org/files/GATAStateDeptCableReGold-May1974.pdf The second State Department cable is dated July 1974 and appears to have been sent by the U.S. financial attache in Bonn, then West Germany's capital, to the secretary of state in Washington with copies meant for the Treasury Department and Federal Reserve. The cable reports the financial attache's conversation with Otmar Emminger, then vice president of the West German central bank, the Bundesbank, who went on to become the Bundesbank's president as well. The cable reads: "Emminger said that European Community discussions on gold are continuing but that an intervention system is not likely to be agreed upon. ... "Regarding gold Emminger said that the Bundesbank welcomed the recent lowering of the free-market price. Within the EC discussions were continuing whether to supplement the G-10 decisions allowing central bank gold to be pledged as security for loans with some further agreements designed to avoid overly erratic price movements on the free gold market through central bank agreement to try to keep the free gold price in a range to be agreed and changed from time to time. "Emminger said he realized that the U.S., and particularly Paul Volcker, had been opposed to such schemes in the past. He felt, however, that the current EC discussions should not give us too much concern. A distinction should be made between active central bank intervention on the gold market (i.e., buying gold to maintain its price) and passive intervention (i.e., not selling gold in a manner that would cause erratic price movements). EC agreement on active intervention was highly unlikely because very few EC central banks had the means (i.e., sufficient foreign exchange reserves) to engage in it and those who did, mainly the Bundesbank, were opposed. "In addition the problems of reaching any agreement on who would have to intervene when in order to maintain the gold price were so complicated -- as had been shown by the experience of the old gold pool -- that an agreement being reached without U.S. participation was extremely unlikely. "'Passive intervention,' on the other hand, was not that dangerous and in any case could be quite flexible through frequent changes in the range within which central banks sales could take place. "Emminger said that in connection with gold he wanted to bring up one small point. Some German periodicals, particularly the Wirtschaftswoche, had reported that the recent U.S./Saudi Arabian agreement for investments in U.S. Treasury bills contained a gold clause. He knew this was not true, but if we could find occasion to make this clear it would be helpful since the supposed fact was used to argue that even the U.S. had to agree to this 'comeback' for gold." The July 1974 cable is posted at GATA's Internet site here: http://www.gata.org/files/GATAStateDeptCableReGold-July1974.pdf While this conspiring by the Western governments and central banks took place 38 years ago, they continue to impose the deepest secrecy on their activities in the gold market, and their interest in controlling the gold price as part of their general control over currency markets -- that is, their interest in defeating markets -- endures and requires exposure. That is why GATA has filed requests under the U.S. Freedom of Information Act seeking access to all gold-related records held by the State Department, Treasury Department, Federal Reserve, and Federal Open Market Committee: http://www.gata.org/node/11606 Of course those government agencies have not been forthcoming, and obtaining these records will require more lawsuits such as the one GATA brought against the Federal Reserve in U.S. District Court for the District of Columbia in 2009 and won in part in 2011: Such lawsuits will involve substantial expense. The World Gold Council, which purports to represent gold mining companies and gold investors, declines to undertake this work. So if you're inclined to help us, please visit: CHRIS POWELL, Secretary/Treasurer Join GATA here: Vancouver Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html 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 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 Opinion Around the World Is Changing When Deutschebank calls gold "good money" and paper "bad money". ... http://www.gata.org/node/11765 When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ... http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan... When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ... http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan... When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ... http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold... When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ... World opinion is changing in favor of gold. How can you learn why and what it will mean to you? Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard." Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him." To buy a copy of "The True Gold Standard," please visit: http://www.thegoldstandardnow.com/publications/the-true-gold-standard
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| Another admission that Indian gold ETFs would loan their metal, suppressing prices Posted: 29 Dec 2012 07:33 AM PST Banks' Gold Plans Fail to Shine By M. Allirajan http://timesofindia.indiatimes.com/business/india-business/Banks-gold-pl... Even as the government is considering schemes like gold deposits to rein in the huge surge in gold imports, such initiatives haven't yielded much success in the past. Bank-led schemes to garner gold have not been able to mobilize the holdings of the yellow metal from the public in any significant manner. SBI, which launched a gold deposit scheme in 1999, withdrew it as it was not successful. Though SBI re-launched the scheme in 2009, gold was mobilized largely from temples, trusts, and wealthy individuals. Bank-led schemes collected only 36.1 tonnes of gold till 1996, a mere 0.4% of the gold stocks that were available at that time. The country has 18,000 tonnes in gold stock now. ... Dispatch continues below ... ADVERTISEMENT Opinion Around the World Is Changing When Deutschebank calls gold "good money" and paper "bad money". ... http://www.gata.org/node/11765 When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ... http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan... When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ... http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan... When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ... http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold... When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ... World opinion is changing in favor of gold. How can you learn why and what it will mean to you? Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard." Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him." To buy a copy of "The True Gold Standard," please visit: http://www.thegoldstandardnow.com/publications/the-true-gold-standard Since the minimum gold accepted under such schemes was usually in excess of 200 grams and the metal was locked in for a period of at least three years, it didn't gain much traction. Moreover, gold deposit schemes involved conversion of gold mobilized from the public into gold bars for lending to jewellers. "Most people save their gold as jewellery. Since these schemes required melting of gold, there was hardly any response," an analyst tracking gold said. "Indians don't like parting with their gold." An attempt was made to auction official gold holdings to the public to contain imports. But the move was dropped as it was considered impractical. "There is so much gold already available with exchange-traded funds. They can be allowed to lend their gold," said Lakshmi Iyer, head of fixed income and products at Kotak Mahindra Mutual Fund. "Investors would desist from buying physical gold if they are allowed to redeem gold ETFs in the form of coins," a top official with a leading fund house said. "Gold ETFs can be allowed to lend to big jewellers after putting in place the necessary regulations. It would be a good starting point," Lakshmi said. Gold ETFs manage assets worth nearly Rs 12,000 crore and this works out to around 40 tonnes of gold at current market prices. Gold loans have played a positive role in monetizing the yellow metal. Banks and non-banking finance companies are estimated to have offered gold loans to the tune of Rs. 1.21 lakh crore. The gold mortgaged to avail loans is estimated to be around 621 tonnes in 2012, data compiled by Kotak Institutional Equities showed. This represented 3.4% of the gold stocks in the country. Join GATA here: Vancouver Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html 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 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 Fred Goldstein and Tim Murphy open All Pro Gold Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and Tim@allprogold.com, Fred at 602-799-8378 and Fred@allprogold.com. Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at http://www.allprogold.com/. | ||||||||||
| Readers’ Golden Nuggets Focused on Gold, Resources and Overcoming Negativity Posted: 29 Dec 2012 07:23 AM PST Frank Holmes, U. S. Global Investors writes: The past few days I've been counting down the most popular commentaries over the past year. China, commodities and bond fund popularity were big hits; so were the Surprises in Gasoline, Oil and Resources Stock Prices. Here are the top four. 4. Sell in May and Go Away? Not this YearSometimes it's the headline that attracts readers, and this is definitely one that gained a great deal of attention. More than 7,000 Seeking Alpha readers checked out the commentary and many left some pretty energized comments—some agreeing with me, and others with a differing view. I took on the old adage and argued that there were plenty of reasons for investors not to let their equity positions take a long summer vacation. So how did the S&P 500 Index perform? As shown in the chart below, stocks fell significantly in May, but then went on to have a fantastic summer, with June, July, August and September all remaining in positive territory. One of the reasons I gave for sticking with stocks is the fact that it was the year of an election, which has historically produced positive returns. Since 1972, the stock market has rallied five of the eight election years, according to J.P. Morgan, with market gains of 12 to 26 percent. Only during recession years did the S&P 500 decline. Not only did the summer of '12 buck the trend, but take a look at the latest presidential election cycle. The performance of the S&P over the last four years under Obama has been one of the best over the past 50 years of any president, defying the odds of what many people thought about the market. 3. Love Trade Cools As Central Banks' Gold Demand Heats Up This trend could be potentially significant in the coming years. Last October, I highlighted Franco-Nevada's Pierre Lassonde chart showing the potential increase in gold holdings. Based on the European Central Bank's recommendation to hold 15 percent of reserves in gold, developing countries would have to accumulate 17,000 tons of gold. At a purchase of 1,000 tons a year (or about 40 percent of today's production), these central banks would have to buy gold for the next 17 years! Back in May, I spoke at the Hard Assets Investment Conference in New York. Business Insider posted my slides calling them the "ULTIMATE Bullish Presentation on Gold" and since then the presentation has received 233,141 views on their site, making it our most popular presentation of the year. In case you missed it, you can view all 88 slides. 2. Where's the Beef for Gold Equities? Last week Bloomberg's "Chart of the Day" displayed the same ratio of gold miners vs. gold, going back to September 1993 when the industry gauge was created. As you can see in the chart below, yesterday's ratio of 0.75 hasn't moved much from the year's low of 0.70 on May 15. We see this as a buying opportunity for quality companies as shares of gold miners are a relative bargain to the metal. One of our most popular publications of the year was the Special Gold Report: What's Driving Gold Companies? I looked at the multiple forces squeezing the profits and earnings out of gold miners and highlighted the importance of selectively choosing companies that exhibit the best relative growth and momentum characteristics. 1. How to Look Past Negativity to See Opportunity Many investors have been unable to recapture their lost confidence. Americans have missed out on almost $200 billion of stock gains as they pulled money from the markets in the past four years since the financial crisis, according to a story last week by Bloomberg. I believe this post proved popular because we could all use some good news and positive solutions. I reminded investors to look past the negativity to see the patterns and anomalies that will determine where opportunities and threats lie. Though our political leaders are not instilling much confidence in their dealings with the fiscal cliff and recent tragic events have broken our hearts and weigh on our minds as we wrap up the year, I believe that 2013 will bring renewed hope, optimism and opportunity. I wish you and your loved ones joy, peace and prosperity in the New Year. December 28, 2012 (Source: U. S. Global Investors) http://www.usfunds.com/investor-resources/investor-alert/#.UN77bG9QVSA | ||||||||||
| Government Reckless Spending and Soaring Debts Should Boost Gold and Silver 2013 Posted: 29 Dec 2012 05:24 AM PST We are still climbing the wall of worry as wealth in the ground metals becomes increasingly cheaper in a world that is threatened with the ghosts of depressions and deflations past. We observe the doubters who regale us with the view that the miners are underperforming bullion and the general equities. They claim that housing, financials and the dollar has bottomed. We disagree and believe gold (GLD), silver (SLV) and the undervalued gold (GDXJ), silver (SIL), uranium (URA) and rare earth miners (REMX) may be bottoming and a reversal may occur in 2013. | ||||||||||
| Posted: 29 Dec 2012 05:02 AM PST The past year was a very tough one for the junior gold mining sector. In this interview with The Gold Report, Brien Lundin, CEO of Jefferson Financial, says that the past year has, in fact, put many gold mining companies on the bargain basement shelf. He shares some advice on end-of-year portfolio repositions and talks about some of his favorite stocks that he believes are poised for a rebound in 2013. The Gold Report: Brien, in late October you and your company Jefferson Financial hosted the New Orleans Investment Conference. What were some of the commodity-related themes consistently making the rounds there? | ||||||||||
| 2013 Invest in Year Apples not APPL Posted: 29 Dec 2012 03:38 AM PST Apples are, according to many nutritionists, good for us. However, one has to be sure to choose the right ones as AAPL has demonstrated in recent months. AAPL, despite the Street's claim in would be working its way toward $1,000 by now, has fallen hard from the tree. Now badly bruised, investors are suffering from a collapse of more than 25% from the high. Investors would have been far better off, as the following chart portrays, down on the farm, perhaps in real apples. |
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