Originally Posted by TedWeir Interesting article that looks at reasons gold and equities have the potential to change trends and once again confound all the 'smart' guys out there. T Gold, Silver And Stocks About To Shift Trends by Chris Vermeulen, Seeking Alpha A lot of eyes were watching the Slovakian Parliament around the closing bell Tuesday as they voted on the European Financial Stability Fund (EFSF). The first vote failed to pass the pending legislation, but members of the opposition party have indicated that they will vote for the bill in a second scheduled vote. The S&P 500 E-Mini futures contract has not sold off sharply on the news, but the trap door risk for equity traders is that the second vote comes up short and the legislation fails unexpectedly. The marketplace is expecting the second vote to pass without issue and if a different scenario plays out selling pressure could become extreme. With earnings season now upon ...
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 Here's a clear example of a major disconnect between bankers who still think they rule the world and the rest of us here in the real world. I say "scum" because the worth of this group of privileged individuals or, perhaps more accurately, the Wall-Street-Gang members, based purely on real performance (as in what value they bring the rest of us) bares no fair resemblance to their obscene remuneration and benefits. Not that all are scum but the mixture of cream and scum is staining the whole business and gaining a view in the public which is growing more negative by the week. All in my opinion, of course. T Occupy This: Wall Street Pay Rises as Profits Fall By Alain Sherter | October 11, 2011 What financial crisis? In 2010, a year when profits on Wall Street fell by more than half, the average salary for securities industry workers in New York City rose 16 percent, ...
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 ...
Originally Posted by TedWeir This is a repost from zerohedge.com titled: "Don Coxe's Fascinating Take On Why The Time For The US To "LBO" The Gold Market Has Arrived" With fiat currencies searching anxiously for something solid to base their utility on—even their very existence—perhaps our long walk on the wild side with paper that only has 'confidence' as it's core strength is coming to an end. The idea that gold can again become the agreed basis for portable and transferable value so necessary in the business of our planet. Zerohedge does a wonderful job of extending and placing Don Coxe's pint of view deeper into the American economic context. The Article: A few short weeks ago we described the transition of America from a government "on behalf of the people" to one "in control of the people" catalyzed, as Bill Buckler, put it simply, by one simple event: the confiscation of America's gold, and the ushering in of the welfare ...
Originally Posted by TedWeir By Shani Raja Sept. 23 (Bloomberg) -- Asian stocks fell, driving a regional benchmark index toward its biggest weekly drop in almost three years, as concern intensified that policy makers worldwide may be running out of tools to avert another global economic recession. BHP Billiton Ltd., the world’s No. 1 mining company, slumped 2.8 percent after crude oil and metal prices tumbled yesterday. Alumina Ltd., a partner in the largest global producer of the material used to make aluminum, retreated 1.4 percent in Sydney. Korea Zinc Co., which produces gold and silver, plunged 13 percent in Seoul and Samsung Electronics Co., South Korea’s biggest exporter of consumer electronics, lost 2.7 percent. The MSCI Asia Pacific excluding Japan Index dropped 2.5 percent to 370.04 as of 10:32 a.m. in Tokyo. The gauge is set for an 11 percent weekly drop, the most since October ...
Originally Posted by TedWeir Looking for good long term investments in gold there are some very good very knowledgeable, experienced and insightful analyst out there and Dale Mah is one of them. Any investor in gold would do well to include this in their potential investment inquiries. Goldbggr Repost from The Gold report From the Yukon to Colombia, with stops in Nevada and Mexico, Dale Mah, an equity research analyst with Mackie Research, covers the map looking for exciting exploration plays. Mah, a trained geologist with 14 years of experience, shares his calculations and insights into how early-stage exploration plays can be safe and satisfying in this exclusive Gold Report interview. The Gold Report: Your recent description of Atacama Pacific Gold Corp. (ATM:TSX.V) paints a picture of what every major producer is seeking: a large oxide resource with simple metallurgy in a mining-friendly jurisdiction with other ...
Originally Posted by TedWeir Friends: In the present and continuing economic distress and market volatility it should be becoming clear to investors that when looking for the long potential in stocks precious metals have moved to the top of the list. This is the time to take a 5 year view for returns—if you still have any money left that is! Brien gives an informed view for investors and, in my pinion, is a must-read. Invest well and prosper. Goldbggr repost from The Gold Report The Gold Report: Brien, cited the escalating European and U.S. debt crises as triggers for the August 22 spike in gold prices, when it briefly eclipsed the $1,900/ounce (oz.) mark. Since then, the French bank Société Générale has been downgraded and austerity measures are forcing the Greek economy further into recession. Despite these significant catalysts, the gold price remains range-bound between $1,750 and $1,850/oz. Why isn't gold reacting? ...
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