Silver | Gold Stocks Today

Awaiting the Inevitable Correction in the Silver Price

September 15, 2011 By Leave a Comment

The International Can-Kicking Team is busy again today, as the European Central Bank, US Federal Reserve and three other central banks linked arms to kick the European debt crisis down the road until the end of the year.

Specifically, the Can-Kickers announced that they would provide three-month US dollar loans to European banks to insure that the banks have enough liquidity to make it to the end of the year.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: bailout, bailouts, Eric Fry, Featured, Gold, gold price, gold stocks, gold-silver ratio, Investment News, Investment Strategies, P/E, silver, silver price, silver stocks, The Daily Reckoning

Currencies Are Mixed and In Tight Ranges

August 25, 2011 By Leave a Comment

It has not been a good week for gold, after climbing to $1,897… The damage to the shiny metal yesterday is something for the ages… You can tell your grandkids that you were around the week that gold lost $XXXX… Right now that figure is $195 in the past three days…

And the tourniquet hasn’t arrived just yet to wrap around the shiny metal, as it has lost another $45 this morning… I told the interviewer for the Street.com last week that gold was trying to correct, but the buyers wouldn’t let it, given all the problems in the world… I guess all those problems have disappeared and there’s no reason to want a safe haven like gold any longer… Really?

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: BOJ, CHF, currencies, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, EUR, Gold, gold correction, Gold News, gold price, JPY, Markets, NZD, quantitative easing, silver, silver price, The Daily Pfennig

The “Other” Precious Meal

August 16, 2011 By Leave a Comment

When you hear the term “precious metals,” you likely think of gold and silver. That’s what the Spanish conquistadors had in mind, of course, when in the 15th and 16th centuries they trekked inland from their beachheads on the sands of the New World.

But there are other metals of great value besides gold and silver. In the two centuries after Christopher Columbus landed in the New World, the Spaniards seized the gold of the Aztecs in what’s now Mexico, and took that of the Incas, as well, further south in the Andes Mountains. But this was just the beginning, because the men from Iberia had developed a bad case of gold fever. They wanted more.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Commodities, Featured, Gold, Impala Platinum Holdings, Investment News, Investment Strategies, Markets, platinum investing, platinum mining, precious metals, precious metals investing, precious metals mining, silver, The Daily Reckoning

How QE3 Could Bring About $5,000 Gold and $1,000 Silver

July 16, 2011 By Leave a Comment

In his recent commentary, Ambrose Evans-Pritchard sees the world nearing a revived gold standard as the US, Europe, and Japan all continue testing the limits of maximum sovereign debt levels.

With potential for QE3 — a third round of the Federal Reserve’s quantitative easing program — on the horizon, governments around the world must consider alternatives to the US dollar and other paper money. These developments are likely to continue impacting precious metal prices.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Banking, Brazil, Britain, china, Commodities, currencies, Dollar Decline, DR EXTRA!, emerging markets, Europe, euros, federal reserve, fiat currency, fixed income, Gold, gold standard, India, Japan, Markets, maximum sovereign debt levels, Mid-East, paper money, Petropavlovsk, precious metal prices, QE3, quantitative easing, Rocky Vega, russia, silver, US

The True US Unemployment Picture

July 8, 2011 By Leave a Comment

Well… We’re not seeing a change in the dollar/euro pair this morning, as the dollar beats on the euro (EUR) for having countries like: Greece, Italy, Ireland, & Portugal as a part of their mix… Of course, as I’ve pointed out many times in the past, the US has states like: California (the 8th largest GDP in the WORLD!), Illinois, Michigan, New York, and now add Minnesota.. The story I saw said the euro was losing ground to the dollar because the debt crisis is entering an “acute phase”… Whatever the heck that is!

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, BLS, BLS report, BOC, BRL, CAD, currencies, currency trading, Debt and Deficit, dollar rally, DR EXTRA!, ECB, economics, EUR, euro decline, Gold, gold price, Markets, NOK, NZD, Oil, price of oil, SD, silver, silver price, The Daily Pfennig, U.S. unemployment, unemployment, US jobs data

Marc Faber on the Massive Proliferation of Fraud in China

June 29, 2011 By Leave a Comment

Based on his deep experience in Hong Kong, Marc Faber — investment analyst and publisher of the Gloom, Boom & Doom Report — is concerned about investing hype in China. In a recent Bloomberg interview, he indicates that fraud is widespread, and that foreigners and likely to take the brunt of the pending fallout. Three of his key thoughts are paraphrased below and the clip itself follows.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Banking, Bubble, china, Commodities, DR EXTRA!, emerging markets, foreigners, fraud, Gold, Hong Kong, Mainland, mania, Markets, Rocky Vega, silver, US investors

Greece Heads Toward Austerity?

June 22, 2011 By Leave a Comment

It’s a semi-Risk Off Day today, so far that is… The Greek Confidence Vote went as thought… The budget that included austerity measures was passed, and also as expected, the Greek people protested… Just another day in the Eurozone “South”… One would think that this would be a cause to rally for the euro, being a “relief” and all… But I think that rally was already priced in yesterday, when the single unit rose to 1.44, then fell to 1.4346, and then back to 1.44, and now 1.4375…

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Austerity measures, BLS, BOE, currencies, currency moves, currency trading, Debt and Deficit, dollar rally, DR EXTRA!, EUR, Gold, Gold News, gold price, Greek debt crisis, NOK, QE2, quantitative easing, risk off trading, silver, silver price, Spending Cuts, The Daily Pfennig

Are We Running Out of Silver?

June 21, 2011 By Leave a Comment

Silver has been on fire for the last three years – substantially outperforming its spotlight-grabbing cousin, gold.

Because we believe this bull run is far from over, we advise investors to always maintain exposure to the precious metals markets. But the question every investor faces in a bull market is: Do I buy now, anticipating prices will continue higher – and chance getting clobbered if a correction arrives? Or do I wait for a pullback and possibly miss out on big gains?

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