Gold and Silver Market News and Reviews
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By: Rudy J. Fritsch, GoldSilverWorlds.com (April 21st, 2014)
I have written many articles explaining and expounding on the Unadulterated Gold Standard, on how the world economy is doomed to collapse unless an ultimate extinguisher of debt… Gold… is re-introduced into the system.
I have written about the technical aspects, the moral aspects, the historical aspects… yet people still resist, still don’t want to know. They hope that hope alone will keep them out of trouble… and at best, most want a quick and easy explanation of why we should bother with Gold; in effect, they ask for a sound bite. Well, that is easy enough… here is the sound bite; “Gold, the Real Thing!”… end of sound bite.
By: Bob Kirtley, Gold-Prices.biz (April 17th, 2014)
This is a distressing time for gold and silver bulls like me who are constantly on the lookout for a turnaround in the precious metals sector. I’m confident that it will come but not just yet, as a final capitulation has not taken place.
By: Dr. Jeff Lewis, Silver-Coin-Investor.com (April 17th, 2014)
The mainstream is on an academically-driven mission to politicize conspiracy theories and lump them all into the same category. While gold and silver manipulation is an ancient conspiracy fact, eyes are wide shut to the general awareness in the face of one revelation after another.
By: Bill Holter, MilesFranklin.com (April 17th, 2014)
I received a reply to my article and a question yesterday from John Embry of Sprott Asset Management. He asks, “Where” the silver has come from to supply the excess demand over these past years. I have reprinted his question and then my response to John. I will follow my reply at the bottom with some parting comments and a more in depth explanation.
By: Dan Hassey, UncommonWisdomDaily.com (April 17th, 2014)
Gold has been trading in a range around the psychologically important $1,300 level, and yesterday was no exception.
While the day-to-day fluctuations in bullion prices are oftentimes more headline-driven than fundamentals-driven, gold investors and traders need to understand where prices are in relation to the prevailing long- and medium-term trends.
Knowing these trends can help you to make better strategic decisions about whether to hold, hit the exits or "back up the truck."
By: Alasdair Macleod, GoldMoney.com (April 17th, 2014)
Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings. In a nutshell, that is the problem which is driving us into another financial crisis. That moment could be drawing upon us, signalled by the recent collapse in bond yields.
This nearly happened in 2008. It was bought off by an open-ended central bank guarantee of infinite quantities of cash and credit, initially by the Fed, rapidly followed by all the other major central banks. Six years later, monetary medicine is still being applied globally in unprecedented quantities. And in some countries bank credit has finally begun expanding more rapidly than before.
By: Louis James, Chief Metals & Mining Investment Strategist, CaseyResearch.com (April 16th, 2014)
In many of my conversations with legendary speculator Doug Casey since the crash of 2008, Doug has talked about a coming super-bubble.
Everything Doug has studied about human nature, history, and economics—from Roman times right up to the present—has him absolutely convinced that the global economy is headed for high inflation, with a very real potential for hyperinflation in the US.
By: Greg Hunter, USAWatchdog.com (April 16th, 2014)
On another financial collapse, best-selling author Prins predicts, "We absolutely can. There is much more reason that we will than that we won't. The stability of the system is really fake. A lot of speculation has occurred with cheap money, and then it is bailout, and then nothing changes, and then something worse happens. That is the current pattern and the pattern of the last three decades."
Prins, who is a former top Goldman Sachs banker, exclaims, "It is very easy to see how the system could unravel because it isn't stable. We are definitely in big trouble. There is no way we are not headed for a crisis. . . . It should have happened already, but the level of support is epic and reckless from the political and financial elite."
By: Ryan Jordan, SilverNewsBlog.com (April 16th, 2014)
A year ago today saw one of the largest declines in COMEX gold and silver futures in the last several decades. For those who argued that an electronic futures market– where an entire years worth of silver production can be bought or sold in one day– would always and everywhere be able to shrug off strong physical demand and set prices however futures traders saw fit, last April was vindication. Coupled with a soaring stock market, the near destruction of the gold and silver bulls sent a powerful message to small savers: invest with Wall Street, or else.
By: Peter Cooper, ArabianMoney.net (April 16th, 2014)
The economic slowdown in China will not hit demand for gold says World Gold Council managing director, Far East Albert Cheng who says demand will grow by 35 per cent over the next four years.
He discusses China’s gold market and what’s driving the country’s demand talking to Rishaad Salamat on Bloomberg Television’s ‘On The Move Asia’…
By: SRSroccoReport.com (April 15th, 2014)
The distinguished analysts from Goldman Sachs reiterated their $1,050 forecast for gold by the end of 2014. They believe the paper price of gold will continue to decline as the supposed “Powerhouse” U.S. economy picks up speed, accelerating growth.
If someone recently had a frontal lobotomy… this forecast might make perfect sense. On the other hand, if a person belongs to the 95-99% group of Americans who believe everything coming from the Boob Tube, this forecast is exactly what the doctor ordered.
By: Lawrence Williams, MineWeb.com (April 15th, 2014)
The latest World Gold Council (WGC) report on China’s impact on the global gold market still leaves a huge number of questions unanswered, but to be fair the necessary reliance on China and Hong Kong published statistics makes many of these questions unanswerable. The WGC will say it’s not in the business of speculation and can only work with the figures it, and GFMS, which provides the stats, can come up with from the best sources possible.
By: Andrew Hoffman, MilesFranklin.com (April 15th, 2014)
In last week’s “Conspiracy Theory,” we highlighted how the Miles Franklin Blog deals solely with fact, not speculation. My background as a classically-trained financial analyst guides every word I write; and in Bill Holter and myself – who both cut our blogosphere “teeth” on the GATA website, you are reading two of the world’s foremost “gold manipulation experts.” And when I say foremost, I truly believe you can count the amount of people that know more on the fingers of two or three hands. Thus, when we speak so confidently of the fact that PM prices are manipulated – and, frankly, all financial markets – we back up such assertions with undisputed facts.
By: JT Long, The Gold Report (April 15th, 2014)
An overinflated equities market could be good news for metals and mining stocks. In this interview with The Gold Report, Morning Notes Publisher Michael Berry shares two scenarios that could follow an imminent crash and four gold companies that could be perfectly positioned to take advantage of a reset credit market.
By: Lawrence Williams, MineWeb.com (April 14th, 2014)
The gold price is being pushed upwards again on the latest destabilisation in the largely Russian speaking area of south eastern Ukrain, although it has not risen as far - so far - as some might have envisaged. This is seen as similar patterns developing as those which led to the effective Russian annexation of Crimea. However one of the key elements that was present in Crimea – the heavily ethnic Russian, as opposed to Russian speaking, dominance - is largely missing in eastern Ukraine and there is rather less certainty that the majority would actually want to become a member of the Russian federation. However a semi-autonomous eastern Ukrainian state within the Ukraine might be favoured and also meet Russian strategic worries which seem largely to revolve around the further eastwards expansion of NATO.
By: Greg Hunter, USAWatchdog.com (April 14th, 2014)
Fabian Calvo from TheNoteHouse.us says, "Real investors are scared to death of the imploding U.S. dollar. . . . Not everybody is a gold investor, and real estate is a tangible hard asset that can be rented out. I think home prices could go up until we have another full blown collapse. I think the collapse of the housing market will be coupled with the stock market collapse, the bond market collapse and the dollar collapse. Everything will blow at once."
As far as the recent crisis between the federal government and the Bundy ranch in Nevada, Calvo says, "I think this Bundy ranch situation could be the Lexington and Concord of the Second American Revolution. Through the BLM, the Department of the Interior has been confiscating land and going after land . . . The Department of Interior and BLM has been providing sweetheart deals for Chinese investors."
By: Michael Noonan, EdgeTraderPlus.com (April 12th, 2014)
For the past year, we have been saying that the charts for gold and silver are likely bottoming in a normal manner, and it takes time for a this kind of formation to complete itself. It remains the case, to date.
What is likely to cause a sharp price reversal to the upside for gold and silver? If both were allowed to simply adjust to inflation, you would see a fairly substantial rally. Given that will not be the case, what will be a/the catalyst for a precious metal [PM] change in trend?
By: Alasdair Macleod, GoldMoney.com (April 12th, 2014)
I am often asked whether or not western governments are likely to confiscate gold, and my answer has invariably been on the lines of "unlikely at the moment, because so few people own gold". However given low stock levels in western vaults and that bail-ins are on the agenda the answer to the question should be reconsidered.
By: Jan Skoyles, TheRealAsset.co.uk (April 11th, 2014)
Yesterday the gold price hit a two-week high ($1,324.40) thanks to a healthy mixture of safe-haven demand, a weaker US dollar index and, of course, perceptions over the FOMC. Thursday gave market participants more time to digest the FOMC minutes and they decided that the committee was more dovish than had originally been perceived back in March. This sentiment has given gold three-days of gains. The price of gold also received a boost after the NASDAQ took its biggest jump since august 2011.
By: Lawrence Williams, MineWeb.com (April 11th, 2014)
Within an interesting almost hour-long discussion published on Chris Martenson’s Peak Prosperity website, Alasdair Macleod of Gold Money made the interesting – but in retrospect, patently obvious – comment that gold buyers and sellers in the West are hugely outnumbered by a traditionally gold hoarding community in Asia. And as Asian economies develop, this gold-oriented (carefully chosen word!) community is expanding rapidly as is its purchasing power. Macleod commented thus: “The point is there are 4 billion people in Asia who have got a very old-fashioned view of gold, and they have become wealthy over the last twenty years. And their view is likely to prevail against the ~1 billion of us in North America and Western Europe. I mean it really is as simple as that. It's not a question of Austrian economics, or Keynesian, or whatever. We're outnumbered.”
By: Egon von Greyerz, GoldSwitzerland.com (April 11th, 2014)
The US stockmarket continues its rise to dizzy heights. The rise has very little to do with economic fundamentals but is more a function of money printing and the weak dollar.
The US in now slowly entering its hyperinflationary phase. Food prices are already up 19% in the first three months of 2014. On an annualised basis that is 76% which is a clear sign that hyperinflation is already starting.
By: Alasdair Macleod, GoldMoney.com (April 11th, 2014)
Gold and silver prices gained modestly over the week, during which the latest FOMC minutes were released. These were generally read to be more dovish compared with the previous month.
FOMC members appear from the minutes to be confused. The previous month's conclusion, that if it wasn't for the weather the economy is improving and so interest rates will increase a little earlier than expected, is replaced with renewed anxiety about the outlook now the weather has improved. And who can blame them: after QE1, 2 and 3, some iffy numbers like unemployment have fallen, but where's the price inflation? The overriding concern for all central bankers is still the prospect of deflation.
By: Peter Cooper, ArabianMoney.net (April 11th, 2014)
Buying stocks on the momentum trade as central banks around the world gradually hiked their monetary bases over the past five years has been a winning hand. However, the next stage of the central bank plan is to overshoot on monetary expansion and force inflation to reduce the real burden of debt on the global economy. It has to be done.
Central banks have a long history of talking one way and acting in another. They talk about low inflation, for example, while pumping money into the economy like mad to prevent deflation. And it is deflation that worries the central banks most. A deflationary debt spiral is a slam dunk for a global depression.
By: Keith Weiner, Acting-Man.com (April 10th, 2014)
There is a stark difference between the states of the markets for the monetary metals. The number of open futures contracts in gold is low, while in silver it’s high. First, let’s look at the data and then we’ll discuss what it means.
By: SGTReport.com (April 10th, 2014)
A 2014 precious metals discussion with researcher Michael Noonan from Edge Trader Plus. Michael reminds us that Gold and Silver ARE MONEY. He also reminds us that all of the gold in Fort Knox is gone, and the elite's don't want to call attention to what's NOT there. The elite - the ROTHSCHILDS and ROCKEFELLERS do not want gold and silver to be in competition with their FIAT currencies, so they malign the precious metals without end. Join us for this wide ranging, in-depth conversation.
By: Dr. Jeff Lewis, Silver-Coin-Investor.com (April 10th, 2014)
On average, every quarter we are exposed to yet another price guidance by a mainstream analyst. Such analysts usually reside within a large investment bank. These calls become focal points for a sector and often seem to carry with them some form of self fulfilling prophecy.
What makes them qualified?
By: Lawrence Williams, MineWeb.com (April 10th, 2014)
Silver investors will have been a little disappointed by the metal’s performance vis-a-vis the gold price following the latter’s gains after the release of the latest U.S. FOMC meeting minutes. The minutes suggested that the low interest rate regime may well continue longer than expected and resulted in a major boost to the stock market and a significant uptick in the gold price. But it had rather less impact on silver which initially remained stuck below the $20 mark, although this morning’s trade has at last see it move up above this mark. Perhaps European investors are less pessimistic about silver’s investment credentials.
By: Kevin Michael Grace, The Gold Report (April 10th, 2014)
Jay Taylor understands why investors in gold and gold equities are consumed with caution. But the publisher and editor of J. Taylor's Gold, Energy & Tech Stocks and host of the radio show "Turning Hard Times into Good Times" urges them not to lose sight of the big picture. The big, bull-market picture. Gold juniors with cash and good projects are trading at tiny fractions of their worth. But not for long. In this interview with The Gold Report, Taylor argues that we are on the cusp of a bull market for the ages and suggests eight junior candidates for mind-blowing multiples.
By: Peter Cooper, ArabianMoney.net (April 10th, 2014)
Should investors prepare for the coming collapse of the US dollar? Is the US economy approaching take-off speed?
James Rickards, managing director at Tangent Capital Partners and author of "The Death of Money", explains his view of a coming collapse for the US dollar and the role confidence plays in supporting the currency on Bloomberg Television’s "Market Makers"…
By: Greg Hunter, USAWatchdog.com (April 9th, 2014)
Dr. Paul Craig Roberts says, "The Federal Reserve's policies are irresponsible and reckless." They put four or five banks ahead of the entire American population. They are going to save them if they have to drive the rest of the American population into the ground."
As far as Russia and other countries doing more and more business outside of the dollar, Dr. Roberts says this too can spark very big inflation in a short amount of time. Dr. Roberts says, "Prices can go up hundreds of times . . . in a short amount of time. It depends on the amount of fear or the extent people leave the dollar and give up on it. This is why the Federal Reserve is so irresponsible." So, are the Fed and Obama Administration trying to crash the dollar on purpose? Dr. Roberts says, "No, they are just stupid and arrogant. . . . If you add up the IQ of the White House and you add up the IQ of the Fed and multiply it by a thousand trillion, it might equal 50. These are stupid policies designed to completely destroy the U.S. dollar. . . . I don't think the United States can win the war against gold."
By: Jan Skoyles, TheRealAsset.co.uk (April 9th, 2014)
According to many analysts surveyed at the beginning of the year 2014 was not supposed to be a good one for silver. In fact in January we reported that many silver forecasts saw the silver price averaging around $21 per ounce. We are now in a mind-set where any activity above $20 per ounce is greeted with positivity and chatter about a recovery in the price.
Is this what we have to look forward to? Pop-ups above $20? We take a look at what’s been going on this year and a couple of the issues affecting the price of silver.
By: David Levenstein, Kitco.com (April 8th, 2014)
It has been slightly more than two weeks since the price of gold soared to over $1380 an ounce due to tensions between the US, Europe and Russia over Crimea. As to be expected the event did not escalate into a major global war and so much of the safe haven buying has dissipated for now. But, the problems in the Ukraine, both financial and social are far from resolved.
By: Jan Skoyles, TheRealAsset.co.uk (April 8th, 2014)
Despite a sharp jump in equities and low demand in China, the gold price jumped up by 1% this morning thanks to technical buying post rising above $1,300. Safe haven demand, due to events in the Ukraine, continues to support the price after rallies following NFP data fizzled out. Silver and the PGMs also climbed by about 1%.
By: Toby Connor, GoldScents.blogspot.com (April 8th, 2014)
After two hard days down in the stock market I'm going to take a contrary position and say that this is just a normal profit taking event and that stocks are going to recover and head back up to new highs. I still think this market needs to have a final blowoff bubble phase before the bull can die. The final bubble phase for stocks should usher in the final capitulation stage of golds 2 1/2 year bear market. For those like SMT subscribers that are sitting in cash, this final capitulation is going to represent one of the greatest buying opportunities of this generation.
By: Peter Cooper, ArabianMoney.net (April 8th, 2014)
The 3rd annual Dubai Precious Metals Conference came to a gloomy conclusion yesterday with participants voting for very little or no advance in the gold price this year after a lengthy panel debate between four experts, three of whom saw gold prices falling further before any possibility of an increase.
By: Greg Hunter, USAWatchdog.com (April 7th, 2014)
Dr. Jim Willie, Editor of "The Hat Trick Letter," predicts on gold and silver prices, "They are going to move it to $5,000 to $7,000 an ounce, and silver $200 to $400 per ounce. Because all the world's central banks are going to need gold they are going to sell Treasury bonds to buy gold to make for a solution to their banking systems. What's the solution? It's legitimate reserves, hard asset gold reserves."
In closing Dr. Willie predicts, "I think you are going to see by the end of this year that the dollar is mortally wounded and Treasury bond regarded as toxic paper."
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