“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
[Read more...]Yellow Gold Looks Strong Again…
January 25, 2012 By Leave a Comment
The stock markets had a very solid session. Most charts shot higher after Apple beat estimates Tuesday night surging over 10%. This set the tone for stocks Wednesday. Also the FOMC said they would keep interest rates low until mid 2014 and projected a 2% inflation rate which took the market by surprise. Looking at the 10 minute intraday charts of gold, silver, oil, and the SP500 you would think it was the 4rth of July with everything shooting higher.
[Read more...]Gold and Silver Still Consolidating
May 23, 2011 By Leave a Comment
Gold Buying Opportunity
November 19, 2009 By Leave a Comment
Gold Dip "Offers Buying Opportunity" as Zero Rates Seen Until End-2010
London Gold Market Report
THE PRICE OF GOLD slipped early Thursday in London, losing almost 2% from yesterday's new Dollar record as global stock markets also fell despite a report from the OECD which doubled 2010 growth forecasts for the world's richest economies.
The US Dollar rose sharply on the forex market, but the drop in gold outpaced the drop in non-Dollar currencies, helping the gold price in Sterling retreat 1.1% from Wednesday's 9-month highs. [Read more...]
Junior Mining Stocks
November 7, 2009 By Leave a Comment
Commentary on 10 Junior Miners: A Victor Gonalves Interview
VANCOUVER, BC -
The Gold Report: Victor, you and many others were expecting a major pullback in the market and we had some pullback in late October. Is that what you anticipated?
Victor Gonalves: It's roughly what I expected. It could have gone one of two ways, but technical indicators have been showing that we have one of those triple-top occurrences that cascade on the way down. Preceding that pullback was a broad based rally but it gave a false sense of hope, if you will, in the sense that it wasn't going to go any higher. The TSX, for example, which is mostly what I follow, hit about 11,700 several times and then went down. That's telling me is that we're looking at an interim market top, at least. Whether we're going to have another major crash again now is still in the air. I don't think we're going to have a major, let's say, 50% correction on this dip. I think we might have another shot at a rally before a major correction. And although I do think one is imminent and investors are taking some profits off the table, I haven't seen all the signs a full-up crash this time, and fall-to-winter typically sees seasonal strength. The economic gale-force headwind will be bit of a problem when we get into the seasonal weakness. [Read more...]
A Contrarian Gold Outlook
November 5, 2009 By Leave a Comment
Gold's Last Hurrah?
Although we haven't added to our gold position in some months at Investophoria, it's still fun to watch.
Gold Bugs are one-of-a-kind type people. When they are right, they are right. When they are wrong, they will be right. And here's the funny thing. Although most of the outside investing world goes through periods of scoffing (think late 1990's to early 2000's), to periods where telling someone "gold is going down" gets you looked at like you are some amorphous blob of alien goo that ejected itself from a UFO exhaust, they hold true to their gold-buggery through the high times and the low times. Gold bugs are one of the rare breed of individual who never lets go. [Read more...]
The Gold Standard: Why Krugman is Wrong
October 30, 2009 By Leave a Comment
Krugman, The Gold Standard and the Great Depression
Paul Krugman has concentrated his fire recently on those "thumping their chests" over the falling dollar. He has particular scorn for those recommending a return to the gold standard. In Krugman's view, a simple look at the historical facts will show that it was a superstitious fetish for the yellow metal that prolonged the Great Depression. [Read more...]
Educated Guessing Game
Yesterday, Silvio Berlusconi said he will leave government…once the legislature has agreed on an austerity program.
Too bad. We’ll miss “The Cavalier.”
Once, in Rome, we heard him speak to a crowd. We didn’t understand a word of what he was saying. But he said it well. He was at ease…friendly…joking…enjoying himself.
[Read more...]