Global Market Commentary, Analysis and Investments
My favorite way to own silver is the Sprott Physical Silver Trust (NYSE:PSLV). This is a product of the Eric Sprott group, of Toronto.
Units of this trust were trading well above $20 a few months ago. But today, even after silver’s January rally, the units are trading below $15. That’s a 25% decline, which is in sync with the drop in the price of silver.
[Read more...]Stocks are up today. The major indexes have jumped 1%… for no obvious reason.
There’s talk of a halo effect from the pending IPO of Facebook, which could file the paperwork as early as today.
Oy… Talk about “riding on a smile and a shoeshine,” to borrow from Death of a Salesman.
[Read more...]After all, in spite of some short-term fixes, there remains no real resolution to the sovereign debt issues in many European countries. We’re certainly not spending less money in the US, and now we’re bailing out Europe via currency swaps with the European Central Bank. Shouldn’t gold be rising?
[Read more...]Silver is an amazing metal…which is why it’s likely to soar over the coming years…
You see, silver has more than 10,000 uses. It’s one of the world’s best conductors of heat and electricity. Inventors filed more patents on silver uses than any other precious metal in the world. And when silver is used for most industrial and technological purposes, it is used up forever… It simply costs too much to try to recycle the tiny bit of silver from every cell phone or casino chip.
[Read more...]Many technical analysts are saying the gold and silver markets are “breaking down.” I say the precious metals markets are cracking up…with laughter at the monetary shenanigans going on in the US, Europe and elsewhere.
Sure, gold and silver have suffered a sharp correction over the last few weeks. But so what; corrections always occur during long-term bull markets. Gold and silver are still cheap, which means that long-term investors cannot afford to ignore the recent weakness in the precious metals markets.
[Read more...]Jeff Clark, editor of BIG GOLD, caught up recently with Mike Maloney, founder of GoldSilver.com to get his latest thoughts on the gold and silver market. Was the recent selloff in the precious metals sector the beginning of the end of the Great Gold Bull Market? Or merely the end of the beginning? Mike’s perspective may surprise you…
[Read more...]If you didn’t pay much attention to global markets last week, here’s what you missed…fears that the global economy is dangerously close to a recession due to the financial crisis in the eurozone and flatlining growth in the U.S. sent assets of all shapes and sizes into a tailspin.
Among the E7 and G7 countries, only two markets increased for the week—Pakistan (up 2.2 percent) and Japan (up 0.5 percent). Russia (down 12.2 percent) and Indonesia (down 10.7 percent) were the leaders in the opposite direction. The average return for the 14 countries was a 5.7 percent decline.
[Read more...]Ouch! That hurt!
The “cheap” gold stocks that your California editor highlighted in recent editions of The Daily Reckoning just got cheaper…a lot cheaper, thanks to the largest three-day selloff in gold and silver in nearly 30 years!
The gruesome details are as follows:
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The Permanent Portfolio…Revised
Tim writes:
My choice of investments: SPDR Gold Shares ETF (GLD), SPDR Dow Jones Industrial Average ETF (DIA), Vanguard REIT ETF (VNQ), US Aerospace and Defense ETF (ITA), and DJ-UBS Commodity ETN (DJP).
JP Writes:
Equal allocations to the Nasdaq 100 Index ETF (QQQ), MSCI Emerging Market ETF (EEM), DJ Real Estate ETF (IYR), Barclay’s 20+ Year Treasury Bond ETF (TLT), and SPDR Gold Shares ETF (GLD).
[Read more...]