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- Gold makes 5.7% annual gain
- Comex Gold Closes UP 6.9% for the Year
- Gold in 2013: climb, consolidate or collapse?
- Gold & Silver Pop As No Fiscal Cliff Deal Yet, Obama To Speak at 1:30
- Gold records 5.7% annual gain, still no deal on fiscal cliff
- Gerald Celente on 2013, Gold and Silver and a Full-Fledged WW III
- Michael Hudson: America’s Deceptive 2012 Fiscal Cliff, Part II – The Financial War Against the Economy at Large
- Even terrorists use Gold as a lure
- Copper ETFs and Copper Stocks About To Move Big
- Harvey Organ: CFTC Can’t Release Findings of Silver Probe- End Game is Being Played Out, LBMA & COMEX Near Default!
- Indian Jewellers quash conflict Gold allegation
- DGCX eyes spot Gold contract next year
- Solar industry's Silver demand declines on high prices
- Year in Review: The Top SD Stories of 2012
- Sudan claims finding 4,000 new Gold mines
- Doc's Small Stacker End of the Year Special!
- Year of suffering for Nepali Gold customers
- Investing In Resource Markets In 2013
- Wishing You a Happy New Year and a Healthy, Peaceful and Prosperous 2013
- Gold to end 2012 with 6.2% gain, Silver eyes 8.3% increase
- Russia's Magadan produces 20.5 tons of Gold in 2012
- Dubai begins major Gold promotion scheme
- Siberian police detained a man at the Russian-Chinese border who was attempting to smuggle a large batch of gold into China
- China begins 2013 in black - and in gold
- Gold war on cards between Turkish jewelers and banks
- Dec. 31st Contest: Featuring Silver Vigilante Heroes Ron Paul and Eric Sprott
- Gold edges up on final day in 2012
- Gold and the fiscal cliff
- Rare Earth metals - not so rare, but plenty of processing problems
- John Swifts lost Silver Mine
- Metals By The Numbers
- The Agenda Of Our Leaders For The Coming 4 Years
- Got Gold Report - COT Chart Review for December 30
- 2013: ‘The End Game’- Is the Big Reset Imminent?
- Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail on Friday for fraud
| Posted: 31 Dec 2012 12:19 PM PST Gold prices eased slightly toward lunch after hitting their highest level since Christmas as European markets moved lower on news no Fiscal Cliff deal has yet been reached. |
| Comex Gold Closes UP 6.9% for the Year Posted: 31 Dec 2012 11:35 AM PST Comex gold had a nice day to finish out the year as it moved sharply higher around mid morning and pushed right into strong resistance at $1680 on the price chart. The move enabled gold to put in yet another good performance on a yearly basis as it added 6.9% in 2011. More later...  |
| Gold in 2013: climb, consolidate or collapse? Posted: 31 Dec 2012 10:53 AM PST While fundamentals seem to favour much stronger gold and silver prices this year, strange goings-on in the markets, should they continue, could see price rises fall short of expectations. |
| Gold & Silver Pop As No Fiscal Cliff Deal Yet, Obama To Speak at 1:30 Posted: 31 Dec 2012 10:23 AM PST After consolidating throughout the overnight Asian and London session as well as throughout morning COMEX trading, gold and silver have just gone vertical, with silver up .65 from its lows to $30.53, and gold popping over $20 to $1681. Meanwhile, the FUBAR fiscal cliff negotiations are reaching critical stage with less than 12 hours left [...] |
| Gold records 5.7% annual gain, still no deal on fiscal cliff Posted: 31 Dec 2012 10:07 AM PST Silver failed to hold gains from Asian trading, falling back towards $30 an ounce. |
| Gerald Celente on 2013, Gold and Silver and a Full-Fledged WW III Posted: 31 Dec 2012 09:30 AM PST Trends forecaster Gerald Celente predicts the global financial system will continue to be propped up. Celente says, "The scheme continues to go on, the scheme being dumping cheap money into the system to perpetuate an economy that should have crashed in 2008. So, for 2013, our best shot is more of the same, but worse." [...] |
| Posted: 31 Dec 2012 08:53 AM PST By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is "The Bubble and Beyond." Today's economic warfare is not the kind waged a century ago between labor and its industrial employers. Finance has moved to capture the economy at large, industry and mining, public infrastructure (via privatization) and now even the educational system. (At over $1 trillion, U.S. student loan debt came to exceed credit-card debt in 2012.) The weapon in this financial warfare is no larger military force. The tactic is to load economies (governments, companies and families) with debt, siphon off their income as debt service and then foreclose when debtors lack the means to pay. Indebting government gives creditors a lever to pry away land, public infrastructure and other property in the public domain. Indebting companies enables creditors to seize employee pension savings. And indebting labor means that it no longer is necessary to hire strikebreakers to attack union organizers and strikers. Workers have become so deeply indebted on their home mortgages, credit cards and other bank debt that they fear to strike or even to complain about working conditions. Losing work means missing payments on their monthly bills, enabling banks to jack up interest rates to levels that used to be deemed usurious. So debt peonage and unemployment loom on top of the wage slavery that was the main focus of class warfare a century ago. And to cap matters, credit-card bank lobbyists have rewritten the bankruptcy laws to curtail debtor rights, and the referees appointed to adjudicate disputes brought by debtors and consumers are subject to veto from the banks and businesses that are mainly responsible for inflicting injury. The aim of financial warfare is not merely to acquire land, natural resources and key infrastructure rents as in military warfare; it is to centralize creditor control over society. In contrast to the promise of democratic reform nurturing a middle class a century ago, we are witnessing a regression to a world of special privilege in which one must inherit wealth in order to avoid debt and job dependency. The emerging financial oligarchy seeks to shift taxes off banks and their major customers (real estate, natural resources and monopolies) onto labor. Given the need to win voter acquiescence, this aim is best achieved by rolling back everyone's taxes. The easiest way to do this is to shrink government spending, headed by Social Security, Medicare and Medicaid. Yet these are the programs that enjoy the strongest voter support. This fact has inspired what may be called the Big Lie of our epoch: the pretense that governments can only create money to pay the financial sector, and that the beneficiaries of social programs should be entirely responsible for paying for Social Security, Medicare and Medicaid, not the wealthy. This Big Lie is used to reverse the concept of progressive taxation, turning the tax system into a ploy of the financial sector to levy tribute on the economy at large. Financial lobbyists quickly discovered that the easiest ploy to shift the cost of social programs onto labor is to conceal new taxes as user fees, using the proceeds to cut taxes for the elite 1%. This fiscal sleight-of-hand was the aim of the 1983 Greenspan Commission. It confused people into thinking that government budgets are like family budgets, concealing the fact that governments can finance their spending by creating their own money. They do not have to borrow, or even to tax (at least, not tax mainly the 99%). The Greenspan tax shift played on the fact that most people see the need to save for their own retirement. The carefully crafted and well-subsidized deception at work is that Social Security requires a similar pre-funding – by raising wage withholding. The trick is to convince wage earners it is fair to tax them more to pay for government social spending, yet not also to ask the banking sector to pay similar a user fee to pre-save for the next time it itself will need bailouts to cover its losses. Also asymmetrical is the fact that nobody suggests that the government set up a fund to pay for future wars, so that future adventures such as Iraq or Afghanistan will not "run a deficit" to burden the budget. So the first deception is to treat only Social Security and medical care as user fees. The second is to aggravate matters by insisting that such fees be paid long in advance, by pre-saving. There is no inherent need to single out any particular area of public spending as causing a budget deficit if it is not pre-funded. It is a travesty of progressive tax policy to only oblige workers whose wages are less than (at present) $105,000 to pay this FICA wage withholding, exempting higher earnings, capital gains, rental income and profits. The raison d'être for taxing the 99% for Social Security and Medicare is simply to avoid taxing wealth, by falling on low wage income at a much higher rate than that of the wealthy. This is not how the original U.S. income tax was created at its inception in 1913. During its early years only the wealthiest 1% of the population had to file a return. There were few loopholes, and capital gains were taxed at the same rate as earned income. The government's seashore insurance program, for instance, recently incurred a $1 trillion liability to rebuild the private beaches and homes that Hurricane Sandy washed out. Why should this insurance subsidy at below-commercial rates for the wealthy minority who live in this scenic high-risk property be treated as normal spending, but not Social Security? Why save in advance by a special wage tax to pay for these programs that benefit the general population, but not levy a similar "user fee" tax to pay for flood insurance for beachfront homes or war? And while we are at it, why not save another $13 trillion in advance to pay for the next bailout of Wall Street when debt deflation causes another crisis to drain the budget? But on whom should we levy these taxes? To impose user fees for the beachfront reconstruction would require a tax falling mainly on the wealthy owners of such properties. Their dominant role in funding the election campaigns of the Congressmen and Senators who draw up the tax code suggests why they are able to avoid prepaying for the cost of rebuilding their seashore property. Such taxation is only for wage earners on their retirement income, not the 1% on their own vacation and retirement homes. By not raising taxes on the wealthy or using the central bank to monetize spending on anything except bailing out the banks and subsidizing the financial sector, the government follows a pro-creditor policy. Tax favoritism for the wealthy deepens the budget deficit, forcing governments to borrow more. Paying interest on this debt diverts revenue from being spent on goods and services. This fiscal austerity shrinks markets, reducing tax revenue to the brink of default. This enables bondholders to treat the government in the same way that banks treat a bankrupt family, forcing the debtor to sell off assets – in this case the public domain as if it were the family silver, as Britain's Prime Minister Harold MacMillan characterized Margaret Thatcher's privatization sell-offs. In an Orwellian doublethink twist this privatization is done in the name of free markets, despite being imposed by global financial institutions whose administrators are not democratically elected. The International Monetary Fund (IMF), European Central Bank (ECB) and EU bureaucracy treat governments like banks treat homeowners unable to pay their mortgage: by foreclosing. Greece, for example, has been told to start selling off prime tourist sites, ports, islands, offshore gas rights, water and sewer systems, roads and other property. Sovereign governments are, in principle, free of such pressure. That is what makes them sovereign. They are not obliged to settle public debts and budget deficits by asset selloffs. They do not need to borrow more domestic currency; they can create it. This self-financing keeps the national patrimony in public hands rather than turning assets over to private buyers, or having to borrow from banks and bondholders.         |
| Even terrorists use Gold as a lure Posted: 31 Dec 2012 08:34 AM PST Gold sold in the New York spot market Friday for $1654.60 per troy ounce. There are 14.58 Troy ounces to a pound. |
| Copper ETFs and Copper Stocks About To Move Big Posted: 31 Dec 2012 08:25 AM PST With 2012 now behind us it's time to start looking for some new long term investments which have big potential gains in the new year. Copper is one metal that has caught my eye. The long term monthly chart of the copper ETF JJC shows a potential cup and handle pattern accompanied with bullish volume characteristics. Last year copper traded sideways in a narrowing range. This type of price action tends to bore traders and investors forcing them to look elsewhere for new to trades. The saying is "If the market doesn't shake you out, it will wait you out" You can see on the monthly chart that the interest in this commodity diminished. You can tell because of the sideways movement and declining volume. I like to focus on investments which are out of favor but are showing signs of another big trend starting. getting on the train before it leaves the station can make for a fun ride. I do post some of my trading ideas with my charts updating live each day here:https://stockcharts.com/public/1992897 Take a look at the charts, analysis and my best copper stock setup below: JJC – Copper Total Return ETN Profile Description: The index includes the contract in the Dow Jones-UBS Commodity Index Total Return that relates to a single commodity, copper (currently the Copper High Grade futures contract traded on the COMEX).
Copper Miner Stocks ETF COPX – Weekly ChartThis ETF holds a basket of copper mining stocks which is showing signs of a new trend starting. Take a look at the top holdings stocks and fund breakdown to get a feel for the exposure it provides. COPX Top Ten Holdings
Best Copper Stock Setup – LUNMF After reviewing the main holdings in this fund I noticed one stock that looks ready to start a new bull market. Lundin Mining. shares look to be building a Stage 1 base and could break out and start to rally any week. Keep in mind 3/4 stocks move with the broad market so we do want the major indexes to find a bottom or at least trade sideways if we want copper stocks to start their run.
Copper Futures, ETF and Stock Trading Conclusion: Copper has lost its shine over the past 12 months but could start to make headline news in the near future. I like both COPX and LUNMF if we see further strength. If you would like to get more of these trading and investing ideas and alerts be sure to join my newsletter BELOW
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| Posted: 31 Dec 2012 08:23 AM PST The Doc sat down with Harvey Organ again for the 3rd and final interview regarding the recent massive cartel intervention in the gold and silver markets post the QE4 announcement, the fiscal cliff, the CFTC's silver probe, and the unprecedented … Continue reading |
| Indian Jewellers quash conflict Gold allegation Posted: 31 Dec 2012 08:10 AM PST Conflict gold is illegal gold mined by rebel outfits in Africa and sold clandestinely to buyers in the world markets, enabling them to fund their wars against ruling governments. |
| DGCX eyes spot Gold contract next year Posted: 31 Dec 2012 07:39 AM PST DGCX sees a spot gold contract as particularly suitable for Dubai, an important global hub for physical gold trading. |
| Solar industry's Silver demand declines on high prices Posted: 31 Dec 2012 07:07 AM PST Silver paste is a key component in the photovoltaic panels that dot the roof tops of houses and buildings to trap the sun rays for electricity generation. |
| Year in Review: The Top SD Stories of 2012 Posted: 31 Dec 2012 07:00 AM PST 2012 is almost in the books. That means its time for another review of the year's top stories on SilverDoctors. The most important and most popular SD Stories of 2012: Silver Bullet Silver Shield Slave Queen Medallion Only $2.99 Over Spot at SDBullion.com!! With 165,000 reads, the top read story onSD in 2012: [...] |
| Sudan claims finding 4,000 new Gold mines Posted: 31 Dec 2012 06:36 AM PST According to country's Minerals ministry, the new sources can produce 15 tons per year at the rate of 70 kg a day. |
| Doc's Small Stacker End of the Year Special! Posted: 31 Dec 2012 06:32 AM PST Two Products with One Low Price Over Spot For Any Quantity. Don't miss out on Doc's 2012 End of the Year Special! 1 oz Silver Buffaloes- 99 Cents Over FOR ANY QUANTITY 2013 Canadian Antelopes- $3.19 Over FOR ANY QUANTITY Prices valid on SDBullion.com until 5:30 p.m. e.s.t. on December 31st or while [...] |
| Year of suffering for Nepali Gold customers Posted: 31 Dec 2012 05:49 AM PST Nepali gold customers had to suffer from various problems in 2012 due to anomalies that crept into the country's bullion market and impacts of global economic instability. |
| Investing In Resource Markets In 2013 Posted: 31 Dec 2012 04:40 AM PST This article presents the outlook for investing in resource markets in 2013. We consider Sprott Global Resource Investments the most respected company in resource investing. That's why we bring the view of Rick Rule (Chairman | Founder) and Mishka Vom Dorp (Investment Executive) in this article. Likewise, we will publish the outlook from a trader, an economist, a dollar bear and a future forecaster in the first week of January. The macro environmentThe over-indebted government Mishka Vom Dorp believes that we will most likely see a continuation of the "kicking the can down the road" rather than real solutions that solve the underlying problems. The fundamental problems facing the governments are over-indebtedness and overspending. The deficit is absolutely unsustainable but keeps on deteriorating with the monthly $85 billion additional stimulus announced on December 12th, 2012. This makes the economic outlook grimy. Ironically, politicians today spend time and effort on debates about "the fiscal cliff" which is only a minor issue. Rick Rule adds to this that the artificially low interest rates are like a war for savers (i.e. the hard working people). Money is transferred to people that are less prudent and that do not save. Besides, the idea that taxing the rich is a viable solution, appears to be a total misconception. Suppose that 100% of the income of the top 5% earners are taxed (which account for 65% of economic utility), the government will be able to generate $450 billion per year (rounded number). That's nothing against the yearly $1.5 trillion deficit (excluding the unfunded liabilities). The irrational US bond markets It is given that default is in front of us. The service cost is simply too high, and there is no way anymore to meet our obligations. Rick Rule believes there are two ways to default:
Rick Rule expects the second option to happen, which will be bad for the bond market but good for bullion market. It is not clear if this event is to occur in 2013 or later. The ongoing European Debt Crisis Into its third year, the European debt crisis continues to resurface time and time again. Rick Rule puts it this way: "Europe is ten years further in terms of consuming the children's well being for own well being" Mishka Vom Dorp notes that Angela Merkel is up for reelection in 2013, and through recent polls it is looking like her party, The Christian Democratic Union, will be reelected. This means that her pro-EU fiscal conservatism will most likely remain and will most likely offset the chance of Germany leaving the Union. Greece, Italy and Spain will remain central to the problem. The question will remain of whether Northern European economies will remain intent on bailing out the PIGS and whether the peripheries will accept the conditions placed upon them by the stronger economies. This will most likely be the year when one side draws a clear line in the sand of how far they are willing to go. Improving living standards in Asias & emerging markets Rick Rule sees continuing improvements in the living standards of frontier, emerging and Asian markets. Those countries become slowly more free, which means they become rapidly more rich. In general, compared to Western countries, they are underleveraged; they have good current account balances; their current deficits are lower; they even larger reserves of foreign currency than domestic currency into circulation. With 3.5 billion people reaching higher living standards and disposable incomes, increasing consumption of commodities is inevitable, which is very bullish for resources. Mishka Vom Dorp zooms in on China. The export driven economy of China has been affected severely by the crises in the western world, resulting in a stagnation of their consumption of raw materials. We hear a lot of sound bites from "news" commentators about how China supports America through their large ownership of our debt. Some claim that the Chinese could cripple the American dollar if they were so inclined through outright sales of that debt. What those rather ignorant commentators fail to notice is China's absolute necessity to suppress their currency to keep their exports affordable to foreign buyers. In many ways, the US measures its growth through consumption, whereas China tabulates it through production. Selling that debt would strengthen the Yuan and crush their export capacity. So they're in turn (wisely) converting those reserves into commodities. With a new government elected in Japan, Prime Minister Abe has vowed to restart the 50 nuclear reactors which have been idled since the meltdown in 2011. Furthermore, he has put in question the ousted Liberal Democratic Party's policy of phasing out of nuclear power by 2040. This is indeed the jump start that the uranium sector needed and will most likely result in a further increase in investor sentiment within the sector. Outlook for the resource market in 2013With resource equity indexes off 50% in the past two years, and senior indexes down some 30%, Rick Rule points out we are in a cyclical decrease in a secular bull market. Savvy investors are able to see the temporary opportunities that are inherent in this phase of the bull market. The resource market will face the following three serious challenges in 2013:
Sprott Global Resource Investment is optimistic for 2013, although not the same kind of optimism that the markets experienced in 2009 / 2010. The resource market is cheap and will be behave in a rational way. However, we can expect volatility and major disappointments caused by the looming risks in the first section of this article (the macro environment). Savvy investors will use the volatility to buy oversold assets. It is advised to keep cash in a portfolio to buy quality assets with a clear disconnect between their value and price. About Sprott Global Resource InvestmentGiven the challenges presented earlier, Sprott Global Resource Investments can help investors with their specialized knowledge in the resource markets. Global Resource Investment is dedicated to mitigating external risks where possible, avoid companies that do not have (sufficient) competitive advantage and find the best management teams and projects that are capable of succeeding in an uncertain climate. There are very limited first tier projects left in the world, so world class research is mandatory for success.
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| Wishing You a Happy New Year and a Healthy, Peaceful and Prosperous 2013 Posted: 31 Dec 2012 04:28 AM PST Today's AM fix was USD 1,664.00, EUR 1,261.56 and GBP 1,029.32 per ounce. Friday's AM fix was USD 1,658.75, EUR 1,259.68 and GBP 1,031.37 per ounce. Silver is trading at $30.05/oz, €22.86/oz and £18.65/oz. Platinum is trading at $1,525.50/oz, palladium … Continue reading |
| Gold to end 2012 with 6.2% gain, Silver eyes 8.3% increase Posted: 31 Dec 2012 04:13 AM PST They said gold is likely to hit the coveted $2000 mark next year and surely be among next year's best-performing commodities. |
| Russia's Magadan produces 20.5 tons of Gold in 2012 Posted: 31 Dec 2012 03:41 AM PST Gold production in the region an be doubled to around 35 to 40 tonnes by 2014 from 20.5 tonnes produced this year mainly due to the launch of new projects. |
| Dubai begins major Gold promotion scheme Posted: 31 Dec 2012 03:40 AM PST The Dubai Gold and Jewellery Group has kicked off a gold promotion scheme as part of the latest Dubai Shopping Festival with opportunities to win 15kg of gold and cash prizes totaling Dh2 million. |
| Posted: 31 Dec 2012 03:37 AM PST Police Foil Major Gold Smuggling Attempt at Russia-China Border |
| China begins 2013 in black - and in gold Posted: 31 Dec 2012 03:00 AM PST The future of the US economy remains delicately in the balance on the last day of 2012. In just twenty-four short hours, unless a deal is negotiated and voted on by the US Congress - along with the ...  |
| Gold war on cards between Turkish jewelers and banks Posted: 31 Dec 2012 02:57 AM PST Between 25,000 and 30,000 jewelry shops in Turkey are ready to wage war against banks if they start to sell gold coins at cash desks. |
| Dec. 31st Contest: Featuring Silver Vigilante Heroes Ron Paul and Eric Sprott Posted: 31 Dec 2012 02:41 AM PST UPDATE: NWTM Reports 520 1 Oz 'Keiser Ethical Silver' rounds sold on first day of offer Keiser offers silver rounds to protest occupation by bankers Journalistic provocateur Max Keiser of Russia Today's "The Keiser Report" has partnered with the Northwest … Continue reading |
| Gold edges up on final day in 2012 Posted: 31 Dec 2012 02:20 AM PST Gold for immediate delivery was seen trading at $1660.07 an ounce at 12.00 noon Singapore time while US gold was seen at $1661.17 an ounce on the comex division of nymex. |
| Posted: 30 Dec 2012 11:25 PM PST Clif Droke |
| Rare Earth metals - not so rare, but plenty of processing problems Posted: 30 Dec 2012 10:22 PM PST This article makes rare earth metals sound not so rare, so they are relatively easy to find. The problem is that processing the ores into useful metals is a dirty business. China's "monopoly" on rare earths could be because other nations are not willing to do the dirty work in their own backyard. DYODD before investing in any of this stuff. [My bold added] Quote: Rare earth elements, as every commodities nerd knows, are in fact not very rare at all. Some, such as cerium and lanthanum, are among the more abundant elements in the earth's crust. But it is unusual to find the 17 elements that are classified as rare earths in sufficient quantities for economic extraction. In 2011, however, concerns over the scarcity of these elements -- which are now used in everything from mobile phones and lightbulbs to weapons systems -- sent prices skyrocketing. "There was a bubble in 2011, after demand for rare earths had rebounded from the financial crisis and the Chinese cut export quotas, reducing supply," explains Carolyn Dennis, analyst at Dundee Securities. "Fears of a shortage caused stockpiling, driving prices to unsustainable levels." Since then they have plunged, with prices for some rare earths falling as much as 90 per cent in international markets. This year alone, prices for the most important elements have fallen between 50 and 70 per cent, according to Industrial Minerals, a specialist publication that monitors rare earths trading. Nevertheless, a number of mining companies are still hoping to capitalise on the strategic importance of these rare raw materials. China currently accounts for more than 90 per cent of global supply -- partly because their production can be a messy and environmentally problematic business -- but some miners are trying to develop rare earths projects to meet demand for production outside China, particularly from countries such as Japan and Korea. It has not been an easy 12 months for the sector's leading companies, though. Molycorp and Lynas -- the most advanced in terms of developing commercially producing mines -- have had a torrid year. Molycorp's share price has fallen nearly 60 per cent this year and, earlier this month, its chief executive resigned, following a range of operational and financial difficulties. Australia's Lynas, shares in which have lost more than 40 per cent of their value, has been hit by delays to its processing plant in Malaysia, which faces local opposition. Analysts suggest that they will not be the only companies to run into problems. "The supply chain does not need the several hundred companies that are vying to bring projects along," says Gareth Hatch, the founding principal of Technology Metals Research. "At present, we are tracking 45 projects that are at a more advanced stage of development but I doubt that more than seven or eight will be standing in a few years time." The relatively small market for rare earths is one constraint for would-be miners, with the elements used in only small quantities in end products. Global demand of 115,000 tonnes this year is forecast to rise to 200,000-240,000 tonnes by 2020, according to rare earths consultancy Imcoa. Depressed equity markets have also put pressure on so-called resources juniors -- the exploration and early stage development companies -- across the sector. "For resources juniors, the belief is that as many as 500 small-cap exploration companies will disappear over the next 12 months, unless there is an improvement in their ability to raise equity capital," says Peter Cashin, chief executive of Quest Rare Minerals. In trying to pick rare-earth miners with better long-term prospects, investors and analysts are increasingly focusing on projects that target production of the so-called "heavies" -- a rarer subset of the elements. In particular, the US Department of Energy has designated five of the 17 rare earths as "critical", with supply deficits expected until 2018. Neodymium, a light rare earth, and dysprosium, a heavy, are used in permanent magnets for wind turbines or electric vehicles. Europium, terbium and yttrium, all heavies, are used in flatscreen electronics and energy-saving lightbulbs, areas projected to have strong demand growth. Molycorp and Lynas look set to satisfy demand for light elements, with room for a third operator, such as Canada's Iamgold, which could quickly start up byproduct production at an existing mine. But analysts point to Quest's Strange Lake project in Quebec, as well as projects run by Tasman Metals in Sweden, Matamec Explorations and Avalon Rare Metals in Canada and Alkane Resources in Australia, as those nearest to going in to production of heavy rare earths. "Most of the deposits that are richer in the heavy rare earths contain rare-earth-bearing minerals that have never been processed before," notes Mr Hatch at Technology Metals Research. "With enough time and money, companies can eventually find a technical solution. For some of these projects, however, the cost of production could outweigh the value of the material that you produce." Also of concern is the extent to which new technology or alternative materials will reduce manufacturers' usage of rare earths -- especially if their prices start to rise again. Investors will therefore be looking for companies that can crack the metallurgy of processing heavy rare earths and secure investment or offtake agreements with end users. "The difference this time round is that there is increased investor knowledge about the lights versus the heavies and which elements are really critical," says Ms Dennis at Dundee Securities. "Investors understand that the end markets for these elements are small and there are more companies available for investment than will be needed by the market at the end of the day." |
| Posted: 30 Dec 2012 10:00 PM PST Rootsweb |
| Posted: 30 Dec 2012 03:29 PM PST Gold was also flat for the week staying under its 50 week EMA This daily chart is just a reminder that this could be a bear flag s forming in which case it would mean an additional leg lower. And on the gold ETF we see that blip of consolidation which can go in either direction but it is leaning on it going lower side. For the week the gold miners ETF was up half a percent almost unnoticeable on the chart. Our mechanical GDX chart unchanged remains on a sell. Silver which lost a lot in the previous week also was almost unchanged this week. On this 60 min. chart we see it hovering right at the 61.8% Fibonacci retracement level. The SLV mechanical chart also remains on a sell. Copper in its move since the October low made a lower high and pulled back from there though this past week did move back up 1%. closing just under the 50 week EMA. Palladium after it's very nice move from the October lows had dropped last week on a bit higher volume but recovered most of that this week. In fact intra week it rose to a new multi-month high. Gold Report Sign Up Below
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| The Agenda Of Our Leaders For The Coming 4 Years Posted: 30 Dec 2012 02:06 PM PST It is the end of the year, the ideal time to look back in the past year and make a forecast of the new year. Lindsey Williams described the outlook till 2016. The remarkable things is that it was not his personal outlook but the one from the (political) top leaders. It is tricky to make these statements. However, given his background and the evidence we already see today, we believe that the outlook could be correct. Lindsey Williams is the man who, because of his contacts in the oil industry, correctly predicted that the world price for oil would fall from roughly $140.00 per barrel to less than $50.00 per barrel. He claims to be well connected to what he calls "the power elite" because of his former executive role in the oil industry. His sources in the oil industry are directly linked to the top political leaders giving them "insights" in their agenda's. In a recent video interview he confesses how the high level agenda of our leaders looks like, at least for the coming four years. The embedded video provides much more detail, specifically between minutes 5 and 33. Note that this information applies primarily to the US. Courtesy of InfoWars.
Lindsey Williams mentions also the objective for the price of gold. By 2016, it should go to $3,000 to keep pace with the debt creation. |
| Got Gold Report - COT Chart Review for December 30 Posted: 30 Dec 2012 01:29 PM PST Vultures (Got Gold Report Subscribers) please log in and navigate to the Got Gold Reports Section for an update containing most of the charts we review each week for the Commodity Futures Trading Commission (CFTC) commitment of traders report (COT). The charts present a visual record of the significant changes in the COT data. |
| 2013: ‘The End Game’- Is the Big Reset Imminent? Posted: 30 Dec 2012 12:11 PM PST Raoul Paul sent shock-waves throughout the financial markets in June in what Tyler Durden called the scariest presentation ever, when Paul predicted a complete systemic collapse of the financial system was merely 6-9 months away. Is the Big Reset still … Continue reading |
| Posted: 30 Dec 2012 11:29 AM PST Executives at collapsed Iceland bank jailed for fraud |
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