What Gold? Sidle Up to Silver

"James Turk, author and founder of GoldMoney, argues that silver offers more upside than gold but its volatility isn't for everyone. Turk outlines the safest way to buy the cheaper precious metal."

Peter Schiff On Fast Money: Hyperinflation In 2010?

Peter Schiff appeared on CNBC's Fast Money program on Decemeber 22nd, where he talked about Hyperinflation in the year 2010, and how this will affect the price of Gold.

Gold Will Recover

"Brian Kelleher, senior vice president of ETF Securities, argues that despite gold's recent pullback its fundamentals are still strong and the precious metal could still hit $1,300 in the long term."

WHAT'S THE CURRENT GOLD/SILVER RATIO?

Silver - With the gold: silver ratio at 65 ($1117/$17.10/oz), silver remains a compelling buy at these levels and will likely be the surprise outperformer in 2010 as it was in 2009 (up by more than 51% YTD as per table). Silver’s industrial uses should mean that the gold/silver ratio will likely gradually regress to the average in the last 100 hundred years which is close to 40:1. If the tiny silver market was to see real funds enter it than the ration could return closer to the historical average of 15:1 as it did as recently as 1980. Silver remains less than half of its nominal record price in 1980 and very undervalued from a historical basis.

- Seeking Alpha 12/15/2009

1 Oz of Gold Versus a Man's Suit

We constantly look at values measurements like:

How many Gold Eagles does it take to buy a median priced home today?
How many barrels of oil will that case of Silver Eagles get me?
What number of DOW shares can that Gold Maple get me in the stock market now compared to stock exchange history?

Check out Michael Maloney below as he discusses the age old value measurement of 1 oz of Gold versus a Man's Suit:

Inflation Fears Lift Gold

"William Rhind - Head of ETF Securities U.S operation, says gold will respond to the Fed and inflation fears but for the end of the year expect low volume and a tight trading range."

Gold now in the Second Stage of its Bull Market

Gold remains firmly within a major long-term uptrend, which is the salient fact. The short-term ups and downs are merely noise that can easily distract us from the big picture. Gold is now in the second stage of its bull market, so the volatility of the past couple of weeks is to be expected. Increasing volatility is one of the traits of a bull market’s second stage.

- James Turk

Russia's Central Bank to Buy More Gold

"MOSCOW, Dec 11 (Reuters) – Russia’s state repository will sell 30 tonnes of gold worth $1 billion to the central bank next week, a source at the body said on Friday, keeping the metal inside Russia after rethinking a plan to sell it on the market. Central banks worldwide are building up their gold reserves as the metal trades near record highs. Gokhran, the Russian repository, cancelled plans to sell the gold on the open market after information about the sale leaked.

"The primary aim is to make sure this gold doesn’t hit the market and influence prices," said Olga Okuneva, metals and mining analyst at Deutsche Bank in Moscow. "It’s also a way for the Russian central bank to diversify more into gold."

Russia had planned to sell between 20 and 50 tonnes on the open market to help plug a budget deficit incurred during its first recession in a decade. The economy has since shown some signs of early recovery, in line with a rebound in oil prices.

With gold trading at record highs of $1,226.10 per ounce last week, boosted by a weaker dollar, analysts said Russia would be reluctant to sell the metal abroad or to push prices down by releasing a large quantity to the market."

The Economy is so Bad....

THE ECONOMY IS SO BAD..........


The economy is so bad that I got a pre-declined credit card in the mail.

It's so bad, I ordered a burger at McDonalds and the kid behind the counter asked, "Can you afford fries with that?"

The economy is so bad that CEO's are now playing miniature golf.

The economy is so bad if the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.

The economy is so bad Hot Wheels and Matchbox stocks are trading higher than GM.

The economy is so bad Obama met with three small businesses to discuss the Stimulus Package: GE, Pfizer, and Citigroup.

The economy is so bad parents in Beverly Hills fired their nannies and learned their children's names.

The economy is so bad Dick Cheney took his stockbroker hunting.

The economy is so bad Motel Six won't leave the light on anymore.

The economy is so bad the Mafia is laying off judges.

The economy is so bad Exxon-Mobil laid off 25 Congressmen.

Gold Waits for Bargain Hunters

"Mark Albarian, President and CEO of Goldline, says investors are taking profits in gold but that bargain hunters will come into the market and buoy prices for the long term."

Gold, TARP, Jobs, Politicians, Senate Race

Peter Schiff, a renowned expert in the Gold market, talks about Gold and various other topics today, it would be wise to listen to his wisdom, and people in Connecticut, here is your next Senator.

The Dollar will Crash

The picture below is a good representation on the current mindset of politicians in the U.S, the Dollar which is the ship, is destined to sink due to massive amounts of debt, and unfunded liabilities. Is universal healthcare really a good idea right now?

All this means is that Gold is destined to soar.

Options: Buy Gold Stocks

"Jud Pyle, chief investment strategist for Options News Network, reveals three stocks and three options trades that will make you money as gold heads higher."

$5,000 Gold is Scary

"Peter Grandich, chief commentator on Agoracom.com, has been a gold bull since 2003 but says he hopes $5,000 gold doesn't happen. Grandich reveals his gold theory and how to invest in the precious metal."

Is Gold Overcrowded?

"We'll know gold is overcrowded when . . .
For the long-gold trade to really become too crowded, certain events will need to occur:

* Goldman Sachs (GS, news, msgs) will have had "bus tours" to a bunch of mines, like the tours it and other companies have arranged for different industries, particularly technology.

* The public will have to be involved in a major way, and we'll see ads on Bubblevision encouraging people to buy gold instead of prodding them to sell their jewelry, as is the case these days.

* Banks will need to find a way to put money into gold -- because no modern mania has ever ended without the banks finding a way to lose money in it.

* We will most likely need to see a frenzy of mergers and acquisitions, and a leveraged buyout or two.

* Last, BusinessWeek will have to put gold on the cover, telling us how it's the wave of the future, or some variation of that theme.

I put this list together somewhat tongue-in-cheek, but over the past couple of decades, most of these events have occurred before a big mania has ended -- be it energy in the late 1970s and early '80s, stocks in the late 1990s or real estate in the middle of this decade."

- Bill Fleckenstein