saveyourassetsfirst3 |
- Kusasalethu stays shut as Harmony, Labour discuss future
- Is there reduced interest in gold?
- Infinito loses arbitration over Venezuela gold deposits
- New generation of mine rescue refuges from MineARC
- When this "Groundhog Day" in gold stocks could finally end
- Several measures of market sentiment are now hitting extremes
- Why the Japanese government is taking dramatic new action
- Trader alert: This former "high-flyer" is following an ominous path
- Golden opportunity lies in the details
- Jim Sinclair: Gold Will Save The Financially Collapsing World Of Debt As it Goes to & Through $3500/oz
- What Germany's Gold Shipments Mean for You
- Buoyant ETF demand "should push silver price higher"
- The Old Guard Analysts And Their Gold Price Forecasts - Part 2
- Core Retirement Portfolio: 12 Dividend Aristocrats Yielding Over 3% (Part 1)
- Has Gold Peaked? - Part 1
- Gold find positive turn as New York turns bullish
- Caption Contest Friday: German Gold Repatriation
- Gold is Setting Up for a Massive Breakout in 2H 2013
- What Caused Gold To Fall, Then Rise Thursday Morning?
- THE CHARACTER OF THE MINING SECTOR IS CHANGING
- Gold and Silver Technical Take!
- Gold closes higher for the week in Asia on China data
- “Gold Will Prove A Haven From Currency Storms” – OMFIF Study
- On the launch pad: a move to $233 for Silver
- Gold will prove a haven from currency storms
- Gold is setting up for a massive breakout in 2H 2013
- Gold gains as Bundesbank repatriation move dissected
- Gold remains in tight range
- Is Ted Butler’s Silver Panic Imminent? Apple Contractor Claims New iMac Production Delayed Over Silver Shortage!
- Gold price set to close the week out around 2% higher – breaking 4 week run of closes around $1665
- Central Planning Results in Hoarding
- Australian Prospector Find Massive 177 oz Gold Nugget!
- Gold finds support in riskier assets overheating
- Silver price pops through $32 – up 6% for the week
- The Weekly Technical Take
- India may review FTA with Thailand prior to Gold tax hike
- Gold mine clashes ease in Sudan
- Discussion About New Gold Standard Heating Up Online
- Massive demand forces US Mint to suspend Silver bullion coin sales
- The birth of the new monetary system
| Kusasalethu stays shut as Harmony, Labour discuss future Posted: 18 Jan 2013 03:32 PM PST South Africa's Harmony Gold says its Kusasalethu mine will remain closed until an agreement with trade unions is reached. |
| Is there reduced interest in gold? Posted: 18 Jan 2013 02:31 PM PST On 27 March 2013, assuming gold does not spike higher in the meantime, 406 trading days will have passed since it hit its record high of $1,921/oz in September 2011. |
| Infinito loses arbitration over Venezuela gold deposits Posted: 18 Jan 2013 11:35 AM PST A 2002 decision to strip Infinito of rights to develop the Las Cristinas mine did not breach a bilateral investment treaty between Canada and Venezuela, says the ICSID tribunal. |
| New generation of mine rescue refuges from MineARC Posted: 18 Jan 2013 11:27 AM PST Australian mine refuge chamber manufacturing specialist MineARC has now officially introduced its new series or rescue refuges following their preview at last year's MINExpo and the Kalgoorlie Gold Mines Expo |
| When this "Groundhog Day" in gold stocks could finally end Posted: 18 Jan 2013 11:09 AM PST From The Gold Report: Gold stocks, especially juniors, have been undervalued for longer than most investors thought possible. The result is what David Skarica, founder of Addicted to Profits, calls a "maximum pessimism trade." In this interview with The Gold Report, Skarica summarizes his analytical tools and provides clear examples of companies that meet his criteria as "screaming buys." Gold junior investors might feel as if they live in the movie "Groundhog Day," but the undervaluation cycle will eventually be broken. Is spring just around the corner for the junior gold miners? The Gold Report: In your recent newsletter, you wrote about "screaming buys" in gold stocks. Over the past couple of years, many investors have thought that gold stocks have been too cheap to pass up – and have been burned. Is this a new position for you or has your view changed? David Skarica: Unfortunately for gold investors, historic valuations of gold stocks linked to the price of gold have remained undervalued for too long. If you look at valuation metrics of large-cap gold stocks compared to the price of gold, many of these stocks are historically at very cheap valuations and that has persisted for some time. The AMEX Gold BUGS (Basket of Unhedged Gold Stocks) Index (HUI), is trading at roughly $420-430. It broke $400 to the upside for the first time back in 2006 when gold was in the $600-700 range. That tells us where we are. In the past year, gold stocks have been undervalued by anywhere from 20%-50% based on historical valuation methods. Despite the bargain prices, a rally has failed to materialize. I have refined my message to focus more heavily on... More on gold stocks:       |
| Several measures of market sentiment are now hitting extremes Posted: 18 Jan 2013 11:09 AM PST From Andrew Thrasher: We got another data set of sentiment data yesterday, this time from BAML. According to their survey of 254 fund managers, sentiment towards equities hasn't been this high since February 2011 (before the market dropped 6%), and their economic outlook hasn't been this rosy since April '10 (as the market topped out and fell roughly 15%). From MarketWatch: "The new year sees asset allocators assigning more funds to equities than at any time since February 2011, while their confidence in the world's economic outlook has reached its most positive level since April 2010," according to the report released Tuesday. A net 59% now expect the global economy to strengthen this year, compared to a net 40% a month ago. Along with that, profit expectations have surged to net 29%, their highest. But analysts' earnings revisions will need trend higher to keep pace with rising expectations. Does this mean we must see a correction in equities from here and drop 6-15%? Not necessarily. Equity markets have done practically nothing in the last three days and outside of the first day of trading in 2013 we have been a fairly tight range between 1455 and 1473 on the S&P 500. As we approach the debt ceiling fiasco debate, we'll see if... More on sentiment:    |
| Why the Japanese government is taking dramatic new action Posted: 18 Jan 2013 11:09 AM PST From Gonzalo Lira: The newly elected Japanese Prime Minister, Shinzō Abe, has caused quite a stir. The leader of the Liberal Democratic Party, which scored a landslide victory in 2012’s election, he's promised to restart the Japanese economy, whatever it takes. How will he do this? He "will implement bold monetary policy, flexible fiscal policy, and a growth strategy that encourages private investment, and with these three policy pillars, achieve results" – according to his statement following the LDP election victory. By "bold monetary policy," what he means – and what he has said – is to end the independence of the Bank of Japan, and have the government dictate monetary policy directly. (You could argue whether any central bank in any of the developed economies is truly "independent" – or indeed, has ever been so. But for the sake of this discussion, let's assume that they have been.) The perception is, the Bank of Japan will not only print yens and buy government bonds ` la Quantitative Easing of old – it is also generally thought that Mr. Abe and the incoming Japanese government fully intend to target the yen against foreign currencies, like Switzerland has been doing with the euro. This perception is what has been driving the Nikkei 225 index higher, and driven the yen lower. Prime Minister Abe’s policies have yet to be fully implemented – so far, it's all been just talk. But the markets are taking Mr. Abe at his word, convinced that he is going to set a policy very similar to what the United States and the Federal Reserve have been doing: Targetting the equities markets, and printing in order to bring the yen down, and thus make Japanese products competitive in foreign markets. But why was this decision triggered? For going on twenty-three years, Japan’s... More on Japan:    |
| Trader alert: This former "high-flyer" is following an ominous path Posted: 18 Jan 2013 11:09 AM PST From Kimble Charting Solutions: Eiffel Tower patterns can be painful to an asset!!! Last November, when Apple was trading over $600 per share, the Power of the Pattern reflected that Apple could be in the early stages of an Eiffel Tower pattern. The 4-pack below reflects Eiffel Tower patterns in a variety of assets over the past 15 years. Notice that the right side of the tower looks very much like the left side, just in the opposite direction. Also notice that on the right side of the pattern, "counter trend rallies do take place" in an overall downtrend! The key to this 4-pack above... each of these assets fell so much in price that they returned to... More on technical analysis:    |
| Golden opportunity lies in the details Posted: 18 Jan 2013 11:01 AM PST On Jan. 14 2013, Alamos Gold Inc. announced it had acquired 23,507,283 Aurizon shares as a result of share purchase agreements between Alamos and certain shareholders of Aurizon. The 23,507,283 shares acquired represent approximately 14.3% of the issued and outstanding Aurizon shares.  |
| Posted: 18 Jan 2013 10:50 AM PST Legendary gold trader Jim Sinclair sent an email alert to subscribers Thursday night, informing them that gold will save the financially collapsing world of debt, and that the metal will trade to and through $3,500/oz. Sinclair, who predicted gold would reach $1650/oz at the start of the bull market when gold was trading in the [...] |
| What Germany's Gold Shipments Mean for You Posted: 18 Jan 2013 10:36 AM PST The real gold signals behind all this sturm und drang over Bundesbank holdings... |
| Buoyant ETF demand "should push silver price higher" Posted: 18 Jan 2013 10:07 AM PST "It can only be a question of time before buoyant [exchange traded fund] demand causes the silver price to rise," say commodities analysts at Commerzbank, noting that yesterday saw the largest inflows into silver ETFs since December 2010, taking total ETF holdings to a new record of nearly 20,000 tonnes.  |
| The Old Guard Analysts And Their Gold Price Forecasts - Part 2 Posted: 18 Jan 2013 09:55 AM PST By MetalMiner: By Stuart Burns GFMS is expecting net investment demand to be the main price driver during 2013. Are they right? Well, a survey of industry forecasts by the London Bullion Market Association is predicting a price range for 2013 of between $1,529 per ounce to $1,913 per ounce, with the average at $1,753/oz. Friday's spot price was $1,671.50/oz, but the forecast from 23 of the largest bullion-dealing banks and trading houses stops short of predicting a new high for the metal this year. Much of the bullishness is predicated on continued quantitative easing, low interest rates and fears around the U.S. fiscal negotiations -- we have to say, though, that's no different from what we have had for the last few months and the gold price has dropped 6.9% from its recent peak last October. Collectively, though, the forecasting record of the analysts and Complete Story » |
| Core Retirement Portfolio: 12 Dividend Aristocrats Yielding Over 3% (Part 1) Posted: 18 Jan 2013 09:50 AM PST By Parsimony Investment Research: If you are currently retired or getting close to retirement age, building a portfolio that generates stable income is probably your primary focus right now. In our opinion, one of the best ways to generate stable income is through dividend growth investing. Thankfully, this strategy is not rocket science and it is fairly simple for anyone to implement. Ideally, you want to build a portfolio of dividend paying stocks that have a track record of increasing their dividends every year. This way, not only are you generating stable income, but you are also able to maintain the purchasing power of your dollar (as long as your dividends are at least rising at the rate of inflation). What Is A Dividend Aristocrat? Each year, Standard & Poor's publishes its list of Dividend Aristocrats. According to S&P:
Complete Story » |
| Posted: 18 Jan 2013 09:49 AM PST By MetalMiner: By Stuart Burns Has gold peaked? Good question, and the answer is as much around what is driving demand as it is who you ask. Certainly a Reuters article this week goes into considerable detail about the physical supply and demand balance expected to influence the price during 2013. Thomson Reuters GFMS said on Wednesday that persistent concerns over the health of the U.S. economy and pressure on the dollar will send gold prices to a record average high during 2013, predicting the metal's 12-year bull run will then top out late in the year. The firm is quoted as saying gold investment, fueled by negative real interest rates and debt concerns, will drive prices higher in the first six months of 2013, offsetting a dip in jewelry demand and a rise in mine and scrap supply. (click to enlarge) In an FT article, Philip Klapwijk, head of Complete Story » |
| Gold find positive turn as New York turns bullish Posted: 18 Jan 2013 09:31 AM PST Last week there was a more positive tone in precious metals markets. Previously, the pattern was for prices to rise in overnight and early London trading before being hit in New York.  |
| Caption Contest Friday: German Gold Repatriation Posted: 18 Jan 2013 09:28 AM PST Caption Contest Friday! Ze Germans examine their first bars of physical gold… with a mass spec/tungsten scanner on the table. Silver Bullet Silver Shield Slave Queen Collection at SDBullion.com!! |
| Gold is Setting Up for a Massive Breakout in 2H 2013 Posted: 18 Jan 2013 09:17 AM PST This piece expounds upon what we covered last week. In that piece, regarding Gold, we concluded: If Gold is able to firm up here and now then it has a good shot to rally back to $1750-$1800 over the next few months. If we get the bullish scenario and a fundamental catalyst shift then expect Gold to break past $1800 in Q3. That would mean that Gold consolidated for two years which would be its longest consolidation on record. The longer the consolidation, the more explosive the breakout. Following that editorial, we noted for premium subscribers that various sentiment indicators continued to look favorable even as the market began to make some progress. For example, the daily sentiment index for Gold touched 6% yet Gold didn't make a new low. At the same time we saw a continued reduction in speculative long positions. Bloomberg reported that hedge fund long positions in Gold were reduced to the lowest level since August. Technically, take a look at the weekly chart. Gold seemed at risk below $1630 yet it closed above $1650 in each of the past four weeks. Now that Gold is starting to turn bullish all time frames (daily, weekly, monthly) it has a great chance to rally back to $1750-$1800 over the next few months and position itself one step closer to a breakout. The Safest Way To Leverage The Coming Gold Mania With that said, we want to show why Gold is setting itself up for an excellent breakout later this year. In the chart below we are focusing on two things: the price action and the volatility as measured by bollinger band width (bottom rows). Have a look. Thus far Gold has experienced three major breakouts and four major consolidations. The type of breakout depends on the preceding consolidation pattern. The strongest breakouts are born out of consolidations which are tight in terms of price but long in terms of time. The 2004-2005 consolidation which lasted 20 months, fits that profile. It had the strongest breakout of the three. Meanwhile, the other breakouts weren't too shabby. The current consolidation is most similar to the 2004-2005 consolidation. It is 17 months old and will last two years unless it can blast through $1800 on the next try. Also, its tight range of $1550 to $1800 has remained in place. Furthermore, note the volatility on the various time frames (as measured by bollinger band width). Two of the three readings are at eight-year lows while one is at a five-year low. The last time all readings were at multi-year lows was in 2005. Gold does have potential measured targets of $2,050 and $2,250 but in our view those are only initial targets. A target of $2,250 is only a 25% advance. Even a 40% move (less than the first two breakouts) equates to $2,500. This sounds wildly bullish but the technical arguments are there and we are counting on another six to eight months of consolidation before the initial breakout. That consolidation will serve to eliminate any marginally weak hands and replace them with ardent bulls. After a two-year consolidation, those on board would be looking for far more than $2,000 or $2,200. Before I close, I'd like to note that I will be presenting at the Vancouver Resource Investment Conference on Sunday, January 20, 4:30pm at the Vancouver convention center west. This is a great opportunity to talk to analysts and companies face to face. This is a critical time in the precious metals sector. The market remains in consolidation mode and that will continue. Yet, the potential on the other side is vast. There is still time to uncover the stocks poised to be huge winners when and after Gold makes its next breakout. If you'd be interested in professional guidance in uncovering the producers and explorers poised for big gains then we invite you to learn more about our service. Good Luck! Jordan Roy-Byrne, CMT Gold Report Sign Up Below
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| What Caused Gold To Fall, Then Rise Thursday Morning? Posted: 18 Jan 2013 09:15 AM PST The mint just notified us that there will be no sales until at least week of 1/28, and then, on allocated basis only. Royal Mint also allocating, and premiums surging. As of now, 6.0 million silver eagles sold in first half of January. RECORD is 6.4 million for an ENTIRE MONTH (January 2011)! The last time this happened was in 2008 and prices of PHYSICAL real deliverable silver went ballistic. We have been telling you, the physical business is super-strong. This is more proof of what we are experiencing. More orders than supply! Hint, hint – get it while you can, without paying outrageous premiums. I emailed Ranting Andy this morning after gold's sudden fall and rebound. Here is a note I received from Andy:
Also read Jim Sinclair's comments on Thursday's takedown in gold. The Revealing Takedown Of Gold Today Gold Will Save The Financially Collapsing World Of Debt Be sure and check out Gerald Celente's comments as well. He just released the Winter 2013 Trends Journal, a must read publication. If you don't subscribe to Trends, you really should. Outstanding commentary and highly recommended. Similar Posts: |
| THE CHARACTER OF THE MINING SECTOR IS CHANGING Posted: 18 Jan 2013 09:15 AM PST The big news for Thursday is that gold formed a weekly swing. Considering that the QE4 manipulation stretched the intermediate cycle way beyond its normal timing band, this weekly swing should confirm that the yearly cycle low is complete.
On another note, this was the third attempt in two weeks by the shorts to drive gold down. It worked for a couple of weeks after QE4 and even for two days at the beginning of January, but I think the complete failure today to hold gold down against its natural trend is probably the signal that the market has broken the short-term manipulation. I think any further attempt at short-term manipulation and the shorts are just asking to get their head handed to them. Shenanigans are not out of the ordinary on options expiration. So we could very well see another attempt to drive gold down on Friday. If this one fails also, and it probably will if the dollar is falling, then I don't think it will be long before the gold chart starts to look like the platinum chart. The Safest Way To Leverage The Coming Gold Mania
Whenever I am confused, usually the first thing I do is pull up a very long-term chart so I can get a feel for what is really going on, and eliminate the distraction of the day to day wiggles. I think we are all wondering when the miners are going to join the party as it certainly appears that gold and silver both have formed major yearly cycle bottoms. What I saw was quite a surprise. The character of the mining sector has changed completely. For the first time in this bull market miners are forming a rounded base instead of the typical V-shaped bottom. A rounded bottom is a much more powerful basing structure than a V-shaped recovery. If you believe like I do that gold is going to $3500 – $4000 over the next two years, then I would have to say there is no way it is going that high without taking the miners with it. As a matter of fact, I don't think there's any way gold goes to even $1900 without taking the miners with it.
I can't tell you exactly when the move will begin, but like I said, I don't believe for a second that gold is going to $4000 without taking the miners along for the ride. For what it's worth, I saw the exact same sentiment in silver back in August of 2007. When silver broke through its last support level everyone threw in the towel. As you can see from the chart that was the exact moment one should have been buying, or if you already had positions, it was a huge mistake to get knocked off the bull. This is just another example of technicals not working in the volatile precious metals sector. I'm pretty sure every technical trader in the world sold when silver broke through that $12 support level. It caused them to miss an almost 100% rally over the next six months.
If you are here to ride the bull market, then ride it and don't worry about whether or not you made money today or yesterday. The only thing that makes any difference is how much money you make by the time the next C-wave tops, and that has nothing to do with what happened this week, last week, or last month. It has to do with what is going to happen over the next two years. If I'm right about where gold is going then it is definitely going to be worth the hassle of letting the miners complete this rounded base, because the upside once it's finished is huge. If you don't believe in the bull market then you probably have the wrong newsletter. My goal isn't to make a couple of percent trying to jump in and out of momentum stocks. My goal is to double or triple your portfolio by 2014. However, I can't do that unless you have the patience to hold on through all of the bulls tricks and curve balls. I can keep subscribers focused on the big picture, but patience is something everyone has to learn on their own. I can say that the traders that had it during the last C-wave were well rewarded. Gold Report Sign Up Below
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| Gold and Silver Technical Take! Posted: 18 Jan 2013 09:07 AM PST Gold continues in a clear down trend with high volume resistance, down trend line and a moving average holding it down. It seems everyone is turning bullish here on gold, but in my contrarian view that is signaling another short term top. Stick with the trend until proven wrong. Silver is trading similar to gold. Still in a down trend but is much more volatile. Gold Report Sign Up Below
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| Gold closes higher for the week in Asia on China data Posted: 18 Jan 2013 08:56 AM PST Gold is estimated to have achieved a near two percent gain this week though official figures are available only after Europe and US trade finishes. |
| “Gold Will Prove A Haven From Currency Storms” – OMFIF Study Posted: 18 Jan 2013 08:33 AM PST Demand for gold is likely to rise as the world heads towards a multi-currency reserve system under the impact of uncertainty about the stability of the dollar and the euro, the main official assets held by central banks and sovereign funds. This is the conclusion of a wide-ranging analysis of the world monetary system by [...] |
| On the launch pad: a move to $233 for Silver Posted: 18 Jan 2013 08:26 AM PST Expect Stunning $233 For Silver As It Begins To Soar Max got me into Silver at $9." |
| Gold will prove a haven from currency storms Posted: 18 Jan 2013 08:25 AM PST Demand for gold is likely to rise as the world heads toward a multi-currency reserve system under the impact of uncertainty about the stability of the dollar and the euro, the main official assets held by central banks and sovereign funds.  |
| Gold is setting up for a massive breakout in 2H 2013 Posted: 18 Jan 2013 08:24 AM PST The current consolidation is most similar to the 2004-2005 consolidation. It is 17 months old and will last two years unless it can blast through $1800 on the next try. |
| Gold gains as Bundesbank repatriation move dissected Posted: 18 Jan 2013 07:45 AM PST Gold prices touched a one-month high near $1,699 on Thursday as a slightly weaker greenback and a spike in black gold inspired short-term specs to buy the metal at its daily lows in the morning hours.  |
| Posted: 18 Jan 2013 07:44 AM PST Gold rallied back and hard to reach 1687 - facing resistance at the top of the Bollinger band and as shorts covering happened, more buying emerge. |
| Posted: 18 Jan 2013 07:29 AM PST Silver expert Ted Butler has long predicted and awaited an eventual industrial shortage of physical silver, and a resulting panic silver buying that terminates the bullion bank cartel's manipulation of the silver market. Butler may be about to be finally … Continue reading |
| Gold price set to close the week out around 2% higher – breaking 4 week run of closes around $1665 Posted: 18 Jan 2013 07:27 AM PST The previous four trading weeks have been a bit of a bore regarding the gold price, there's been some ups and there's been some downs but after the dust has settled this is how gold has closed: Dec... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]           |
| Central Planning Results in Hoarding Posted: 18 Jan 2013 07:01 AM PST The U.S. mint has suspended sales of American Silver Eagles because… they ran out of "blanks." It was Jeff "GATA you are liars" Christian who explained to us a few years back that "blanks" were the machine that stamps out the coins, how funny and uninformed for a so called "expert." Anyway, Silver Eagle sales so far in January are already equal to the total in all of January last year (which was a record in itself)… in just 9 days… from Jan. 8th until sales were suspended today. They won't be for sale again until the week of Jan. 28th. But wait… the ETF that is so popular and "so" represents and holds actual physical (sarc) Silver, SLV bought 572… wait for it….. TONS of Silver… yesterday. Yes, that's right. They bought 572 tons of Silver in one single day before the sun came up the next day! Do you realize how much Silver this is? More than SLV accumulated… ALL of last year. This is some 20 million ounces or so. But wait it does get better. When Eric Sprott buys Silver for his ETF which is usually 2 or 3 times per year, he buys roughly $300 million worth of Silver which has been 10 million ounces (at current prices) or so for the last couple of years. More or less this is 300 tons at a clip BUT it takes 3 months? 4 months to receive full delivery? …and SLV owns, holds, now has 18,000 tons of Silver? Really? Where did they get this "supposed" Silver? If you do the supply and demand math it is nearly impossible to figure out where this much Silver actually came from. Maybe they should sell just a smidgeon to the U.S. Treasury so they can mint a few Eagles to sell to us peons! Peons need Silver too! By the way, The Bundesbank is willing to wait 7 or 8 years to have a mere 320 tons of Gold delivered to them from The Fed, maybe they should have used "SLV" as their custodian since moving 572 tons is merely a day's work for them? Which brings me to the title, "hoarding." Central planning and stupidity of course are the reasons for this occurring. Just look at guns… or ammunition. These are being hoarded by pretty much everyday people everyday because, well, the government is telling them that a shortage (ban) is coming.. .or … no, better yet, YOU CAN'T HAVE THEM so you had better hoard them now! No guns. No bullets. You can't have them because they will be outlawed. They will be banned because they are bad and only bad people want them. Never mind that, The Constitution, common sense and the God given rights of a free people say that "a truly free people have the right to bear arms." To protect yourself from thugs, villains or criminals? Well yes… but… our founders and creators of The Constitution thought this through just a little bit further. They decided that the right to bear arms was not only for hunting, not only to protect yourself from villains, no, also to protect yourself from a tyrannical government! Sorry, I digressed here a bit. But never mind this (you shouldn't), government regulations (and actions) are actually causing shortages. Guns? Shortages and now hard to purchase. Ammo? How do you compete with a purchaser of 1.6 billion rounds. Silver? Well, that is REALLY plentiful unless you want the real thing. What's next? Food? I think you can pretty much bet on this one. As I've written before, food doesn't grow on the shelves, it must be distributed and distribution will break down as the banking and credit system breaks down. Speaking of shortages, what about our new healthcare program? Many business are cutting back on employee hours because they can't afford to pay for healthcare and many Doctors are planning to leave their practices. The unintended consequence here is that the "supply" of working hours and health professionals are going into shortage. Whether or not the Silver situation completely blows up here and now or at a later date doesn't matter because it's going to happen. Think back to late 2008, paper Silver was crashed to $9 per ounce and getting real Silver on the street for $15 was VERY hard. Silver as in any market for any good or product, when the "set" market price is too low, people will clear the shelves. This is pure supply and demand, when something gets too cheap and people realize this they will buy as much as they can as fast as they can. The current situation in Silver is a little different. Yes, the price as hammered down and managed by our central planners is below where it would be in a free market so we do have more demand than there would be at the much higher Mother Nature natural price. But in my opinion something else is happening. Americans are watching as The Constitution is being shredded to pieces and their liberties crushed. I believe that the "gun" issue is bringing this to a head. People see that the financial system is a sham and are acting to protect themselves. Silver, because it is priced at a 55 to 1 ratio to Gold is affordable which is why it is called "poor man's Gold." The masses are simply acting rationally as you would expect… they are hoarding goods that they believe they will need and may not be able to get in the future. Call it "Mother Nature," individuals are actually protecting themselves! Similar Posts: |
| Australian Prospector Find Massive 177 oz Gold Nugget! Posted: 18 Jan 2013 07:00 AM PST An Australian prospector has discovered a massive 177 oz gold nugget using a state-of-the-art $6,000 hand held metal detector. In other news, several members of the NY Fed were spotted Thursday boarding a plane for Sidney with large carry-ons. Australian amateur prospector finds massive gold nugget An amateur prospector in the Australian state of Victoria [...] |
| Gold finds support in riskier assets overheating Posted: 18 Jan 2013 06:51 AM PST The Fed and some large investors are sounding alert on the overheating of the riskier assets as the Fed has been buying $85 billion of bonds each month. More asset inflation is better for gold prices.  |
| Silver price pops through $32 – up 6% for the week Posted: 18 Jan 2013 06:47 AM PST After yesterday's rapid turn around in the silver price we noted: The swift rejection of the dip is very encouraging if you're a bull and might be enough to take gold over £32 today or tomorrow. And... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]       |
| Posted: 18 Jan 2013 06:41 AM PST Dollar index 4 hour chart is forming a bear flag. Until the lower blue support line is broken the flag will continue higher. Crude oil has a big pop yesterday as it continues up its support trend line. It looks as though it may take a run at the $100 per barrel level over the next 1-2 weeks. Natural gas had bullish inventory numbers yesterday sending the price sharply higher. It tagged our $4.50 resistance price but could not close above it. This morning it is trading above that level and may confirm a breakout. Gold continues in a clear down trend with high volume resistance, down trend line and a moving average holding it down. It seems everyone is turning bullish here on gold, but in my contrarian view that is signaling another short term top. Stick with the trend until proven wrong. Silver is trading similar to gold. Still in a down trend but is much more volatile. Bonds have been pullback since the December and have formed a falling channel. Price remains bearish which is actually bullish for the stock market. SP500 index continues its uptrend but is trading at a 2% premium above my key support/trend moving average. The SP500 has the potential to drop 2-4% at any time and if so we will be looking to get long with the overall trend.
Morning Market Conclusion:Each month on average the broad market provides a pullback that signals a broad market entry point. During an entry point you can get long the index, sectors or stocks, and trade options which have formed bullish chart/volume patterns. Unfortunately the last batch of signals that took place was just before the fiscal cliff which we passed on taking because price could have gone either way based on the outcome and the move was going to be big. When Risk is higher I tend to steer clear of entry points. So now we just have to wait for the next broad market pullback to start building long positions in various ETFs. Chris Vermeulen – www.TheGoldAndOilGuy.com    |
| India may review FTA with Thailand prior to Gold tax hike Posted: 18 Jan 2013 05:54 AM PST At present, gold jewellery would attract only one per cent of import duty from Thailand, compared to 10 per cent from other origins. |
| Gold mine clashes ease in Sudan Posted: 18 Jan 2013 05:01 AM PST The country planned to accumulate as much gold as possible and announced a ban on the export of crude gold. |
| Discussion About New Gold Standard Heating Up Online Posted: 18 Jan 2013 04:52 AM PST After past week's report from the Official Monetary and Financial Institutions Forum in which they lay out arguments for an official role of gold in the current monetary system (a form of a gold standard), it is now a blog post from Ambrose Evans-Pritchard on The Telegraph that grabs the attention within the gold community. The author started his latest blog post A new Gold Standard is being born by saying that "The world is moving step by step towards a de facto Gold Standard, without any meetings of G20 leaders to announce the idea or bless the project." One thing is for sure, looking at the number of comments and shares, it seems that the topic is becoming hot. Even legendary Jim Sinclair reacted publicly to the blog post. The key facts to underpin his point are the following:
Now interestingly, the author points to a quote from Jim Sinclair, a legend in the gold business, and admits he doesn't really see how "the Bundesbank's action will prove the death knell of dollar power". In a reaction on the article, Jim Sinclair e-mailed his subscribers the following:
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| Massive demand forces US Mint to suspend Silver bullion coin sales Posted: 18 Jan 2013 04:30 AM PST The frenzied pace of orders for 2013 Silver Eagles has been driven by the typical rush to acquire the most recently dated coins, as well as pent up demand following three weeks of unavailability. |
| The birth of the new monetary system Posted: 18 Jan 2013 04:30 AM PST The Bundesbank's confirmation on Wednesday that it is looking to repatriate a portion of its gold reserves caused a stir in financial media: by 2020 they are looking to have finished ...  |
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