Originally Posted by TedWeir The fiat is in the process of total transformation... but it needs a place to land and Gold is the only unfettered option! So buy gold or a gold company. G Gartman: EU Debt Plan to Hurt Currencies - Buy Gold in USD, GBP and EUR as “Is a Currency” Gold has edged higher in all major currencies again today as concerns about the European debt crisis and the risk of contagion is leading to demand for gold for wealth preservation purposes. The likelihood of the Eurozone sorting out their intractable problems has come into question again as bankers in Europe’s largest banks have clashed with politicians about the size of losses they will have to take on their Greek debt. Another bullish factor is more dovish sounds from the Federal Reserve regarding driving down mortgage rates to support the housing sector and another round of quantitative easing which was suggested by William Dudley, president of the New York Federal Reserve ...
Originally Posted by TedWeir Beware this twisted and twisting market. The world's financial DNA IS still working according to Steve Palmer. Maybe the entertainment value of the present financial crisis is just a smoke screen? T Interview on The Gold Report Steve Palmer: The Stock Market Will Rally Significantly The Gold Report: In August, you wrote that you did not believe the U.S economy was heading into another recession despite continued investor concerns about global growth. Do you still believe that? Steve Palmer: Yes, there is nothing that has transpired that would cause me to change that view. The economic data has been quite good. The market was retesting the low that it hit on Aug. 9 and it briefly dipped below that level. But it had one of the largest rallies in the last 25 years to rise above that low. From a technical point of view, the retest was successful and we have continued to trade higher since Oct. ...
Originally Posted by TedWeir "...personally I have sold gold to buy gold stocks and silver stocks..." Eric Sprott This is a must view for anyone trying to understand what is happening. Eric has great depth of understanding of what the market is doing why it got there and what to watch for—Eric should be on everyone who is concerned with the how the idiots who got us into this situation and where their 'leadership is taking us. From the video: "... precious metals stocks are getting so cheap that they should out perform the metals here...we haven't see the earnings power of these companies...personally I have sold gold to buy gold stocks and silver stocks..." Talks also about how silver is the real 'hidden' elephant (my phrase) of value. SEE THE VIDEO HERE
We are forming the fuel for a continuation of the gold bull market now. Here's a clear indication that we need to be alert now or even start acquiring junior gold producers with solid assets in good jurisdictions. The next rise in Gold will be seen in the juniors IMO. repost from Barron's: Gold Miners With Mother Lodes of Cash Dundee Capital Markets offers up a list of gold-mining stocks that are generating lots of free cash flow. One of the golden rules of mining is to generate lots of cash and spend it wisely. With volatility as the current theme in stock markets, we suspect investors are interested in seeking out stability in defensive names such as existing producers. This stability, we'd argue, can be achieved through established mines, which are already producing with little additional required capital expenditure to sustain or grow this rate of production. ...
Originally Posted by TedWeir from Goldbggr This article points out who the prime bull drivers for gold prices for the near term. Interesting to note that the potential for another gold-price correction may be driven but institutions rather than retail buyers as they try and plan their position in the new economy—whatever that may be. G ...Gold is up nearly 3% on the week and looks set to post its biggest weekly gain in more than a month. Markets remain nervous about the risk of contagion ahead of a G20 meeting whose agenda will be dominated by the euro zone debt crisis and steps to tackle the contagion. Gold should be supported by global inflation data this morning which remains stubbornly high particularly in emerging markets. Inflation in China and India remains very high. In India, inflation exceeded 9% for the 10th month in a row and in China inflation is at 6.1% but the key food component of inflation rose 13.4% year-on-year in September. ...
Originally Posted by TedWeir Gold doesn't look like it's going much lower—there still maybe a down draft or two coming but this gold and silver bull market is very very very far from over. After all: Have the banks fixed their issues? Is the economy humming along? Has the great deal of fiat-based wealth destroyed in the derivatives and mortgage-backed securities been 'fixed'? Do you feel safe investing in the raging growth of our world? The central banks (CB) are now "swapping Dollars for Gold"... I wonder why. Perhaps they are also afraid that they cannot 'invent' a new financial market in time? G CB’s Buying Here, Swapping Dollars For Gold by Richard Russell “The signs are growing. I can see the signs in the number of vagrants in La Jolla and south in Pacific Beach (California). As I drive by I see little clusters of men and women (mostly men) huddled ...
Originally Posted by TedWeir A note of Caution: the stock market has correctly foretold 9 of the last 5 recessions." Unknown Trader Stock market signals on recession may be wrong: UBS The stock market has a poor record of predicting U.S. recessions and is likely sending false signals again, according UBS strategists, who expect the S&P 500 index to post double-digit gains by the end of 2011. Excluding the current downturn, the S&P 500 has shed more than 17 percent 14 times since the end of World War Two, but the economy only fell into recession on nine of those occasions... Read more...
Originally Posted by TedWeir The shakeout we've all been 'worried' will happen has happened. This is not the time to believe or trade with the herd. Here's an article that points out the obvious the those who will gather wealth in the next upward movement of the gold price. I am looking for this move to be foretold by a rise in gold and silver producers. Read article here.
Having owned this company, pre forward split, from 0.69 many years ago I was very focused on the recent news and actions of the one-note symphony that the hungry for rapacious-profits short selling the-street gang. repost from Small Cap Network Silvercorp Metals is a Canadian company involved in the acquisition, exploration, development and mining of high-grade silver properties primarily in China as well as in Canada. On Thursday, Silvercorp Metals filed a lawsuit in New York County Supreme Court charging that Alfredlittle.com, Alfred Little, Chinastockwatch.com, Jerry Katz, Simon Moore plus several "John Doe" defendants with spreading "false, defamatory and fraudulent" information about the company on the Internet and as well as in letters to the media and to regulators. Silvercorp Metals alleges that these defendants had attempted to drive down the price of the company’s stock in order to profit from short positions. However and on Friday, ...
Originally Posted by TedWeir Anyone who's been watching our market follies over the past 4 years knows who Marc Faber is. One of the world's leading bears, he is calling gold "quite oversold". Gold bugs and recent converts should pay attention that the correction in gold prices makes buying it a great opportunity right now. But act soon it may be one of the last we will see. repost from Zero Hedge Marc Faber: "Gold Is Quite Oversold. I Will Consider Buying Gold Over The Next Two Days" Anyone trading gold and silver most likely had a heart attack this morning. Of that subset, anyone who survived and traded with conviction made a killing, following an impressive surge in both metals, which saw silver soar from $26 all the way back to $30, after it was made clear that there was no behind the scenes liquidation of the metal but merely more piggybacked margin hikes this time out of China as was first reported by Zero Hedge. Another factor that helped was Marc Faber's ...
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