Sunday, March 18, 2012
Saturday, March 17, 2012
Egon von Greyerz - Gold Will have an Explosive Move to the Upside
"First of all, we know the debt levels are too high today and gold is starting to reflect that. But because less than 1% of world financial assets are in gold, we have yet to really see the gold market react to all of this massive money printing. Once the gold market starts reacting to all of this, that’s when gold is going to go exponential.
It doesn’t matter whether investors are buying gold at $1,600 or $1,800, it’s irrelevant in the long-run. What’s important is they are invested in physical gold in order to preserve their wealth.
I believe that QE will and must start very soon. This will either happen in April or the gold market will anticipate its start at that time. The Treasury bond market, which is going down fast, is already smelling inflation and QE. So I believe we are nearing the time period where gold will have an explosive move to the upside.”
It doesn’t matter whether investors are buying gold at $1,600 or $1,800, it’s irrelevant in the long-run. What’s important is they are invested in physical gold in order to preserve their wealth.
I believe that QE will and must start very soon. This will either happen in April or the gold market will anticipate its start at that time. The Treasury bond market, which is going down fast, is already smelling inflation and QE. So I believe we are nearing the time period where gold will have an explosive move to the upside.”
- Egon von Greyerz via a recent King World News interview, Read the full interview here:
Wednesday, March 14, 2012
Tuesday, March 13, 2012
John Hathaway - 9 Key Points for the Gold & Silver Markets
1.The recent sharp decline appears to have been another test of the December low of $1532/oz intraday. Gold fell to $1675 on March 9th from $1788 including a drop of $72 on February 29th. So far, the downside was contained near the 200 day moving average. From a purely technical standpoint, the uptrend in gold seems intact.
2. Still, we may see another test to shake out weak hands in the next month or so.
3. Gold shares remain cheap relative to the gold price, with robust earnings reports in the Q4 2011, and strong earnings are likely to repeat in the 1st quarter of 2012.
4. Bernanke’s comment on February 29th, that future QE was unlikely, was the spark for the recent sharp decline in gold and other precious metals. Additional pressure has come from the flow of favorable reports on the US economy.
5. The fact that gold has survived the negative news flow from the monetary and economic front is encouraging. If gold can withstand the apparently changing narrative that had underpinned a bullish stance on gold, it will be a sign of enormous strength.
6. What is it that conventional wisdom has not already discounted that could propel gold much higher? We can only guess at this stage, but it is far more preferable for the precious metals complex to exhibit strength for no apparent reason, as opposed to when everybody thinks the reasons are obvious (which had been the case until this most recent pullback and the apparent change in the news flow.)
7. We believe that the precious metals story is far from over, but it may be changing from the point of view of the simple minded commentary one is exposed to in most of the financial media.
8. The future rationale for investing in gold will most likely be found in the difficulty that central banks encounter in trying to unwind unprecedented monetary largesse. This could take the form of a disastrous market for government securities or an extended period of inflation which further undermines confidence in paper currency. It could come from some sort of economic difficulty which raises the prospect for further quantitative easing in the Western democracies.
9. In any event, we believe it is far too soon to sound the “all clear” signal with respect to abandoning the protection against monetary debasement that gold provides.
2. Still, we may see another test to shake out weak hands in the next month or so.
3. Gold shares remain cheap relative to the gold price, with robust earnings reports in the Q4 2011, and strong earnings are likely to repeat in the 1st quarter of 2012.
4. Bernanke’s comment on February 29th, that future QE was unlikely, was the spark for the recent sharp decline in gold and other precious metals. Additional pressure has come from the flow of favorable reports on the US economy.
5. The fact that gold has survived the negative news flow from the monetary and economic front is encouraging. If gold can withstand the apparently changing narrative that had underpinned a bullish stance on gold, it will be a sign of enormous strength.
6. What is it that conventional wisdom has not already discounted that could propel gold much higher? We can only guess at this stage, but it is far more preferable for the precious metals complex to exhibit strength for no apparent reason, as opposed to when everybody thinks the reasons are obvious (which had been the case until this most recent pullback and the apparent change in the news flow.)
7. We believe that the precious metals story is far from over, but it may be changing from the point of view of the simple minded commentary one is exposed to in most of the financial media.
8. The future rationale for investing in gold will most likely be found in the difficulty that central banks encounter in trying to unwind unprecedented monetary largesse. This could take the form of a disastrous market for government securities or an extended period of inflation which further undermines confidence in paper currency. It could come from some sort of economic difficulty which raises the prospect for further quantitative easing in the Western democracies.
9. In any event, we believe it is far too soon to sound the “all clear” signal with respect to abandoning the protection against monetary debasement that gold provides.
- John Hathaway via a recent King World News interview, read the full interview here:
Sunday, March 11, 2012
Sinclair - Greek Tragedy Part of $37 Trillion, Not $3.5 Billion
"Very simply, the number is not $3.5 billion. It’s some part of $37 trillion. The emergency swaps from the Fed could total in the trillions of dollars. This is based on my strong belief that the figure of $3.5 billion is not accurate.
The implications of this, if it comes to pass, are a second rescue of approximately eight international banks. Central planners would attempt to totally camouflage this and it would only be readable by tracking swaps from the Fed because the Fed is the lender of last resort.
This type of event would be the ‘meat’ by which Alf Fields would be proven right on his $4,500 projection for gold..."
The implications of this, if it comes to pass, are a second rescue of approximately eight international banks. Central planners would attempt to totally camouflage this and it would only be readable by tracking swaps from the Fed because the Fed is the lender of last resort.
This type of event would be the ‘meat’ by which Alf Fields would be proven right on his $4,500 projection for gold..."
- Read the full interview at King World News here:
Wednesday, March 7, 2012
Rick Rule - Gold & Silver Plunge Has Quality Assets on Sale
“If you want to be long gold and silver, if you like real currencies as opposed to fiat currencies, you have to like days when you can buy it cheaply. I’ve been around this type of action for 35 years and I suspect, before I shed my mortal coil, I will purchase much more physical gold and silver bullion.”
- Rick Rule via a recent King World News interview:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/7_Rick_Rule_-_Gold_%26_Silver_Plunge_Has_Quality_Assets_on_Sale.html
- Rick Rule via a recent King World News interview:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/7_Rick_Rule_-_Gold_%26_Silver_Plunge_Has_Quality_Assets_on_Sale.html
Sunday, March 4, 2012
Monday, February 27, 2012
Sunday, February 19, 2012
Tuesday, February 14, 2012
Jim Sinclair - Central Banks Trying to Keep Gold from Rising Violently
“I am not a member of the school that believes central banks are trying to keep the price of gold from rising. Central banks are trying to keep the price from rising violently. Volatility is the key. Price is secondary to the volatility of the gold market as it challenges currency markets and creates an imperative to action.
The attempts and activities of the central banks, in gold, is not by any matter of means to control price, as it is to control volatility. (This is being done so they don’t have to) unmask the mechanism of what is bringing to you a new monetary system. The mechanism is called liquidity. Gold is liquidity."
The attempts and activities of the central banks, in gold, is not by any matter of means to control price, as it is to control volatility. (This is being done so they don’t have to) unmask the mechanism of what is bringing to you a new monetary system. The mechanism is called liquidity. Gold is liquidity."
- Jim Sinclair via a recent King World News Interview. Read the full interview here:
Friday, February 10, 2012
Tuesday, February 7, 2012
Jim Sinclair "Consolidate Your Holdings and Save Your Money"
"In this interview, Ellis Martin speaks with Jim Sinclair about the "positive employment outlook" reported by the government and the media and the exuberance associated with it. Where do these numbers come from? Mr. Sinclair also has compelling advice for the listener regarding how to protect oneself from the ultimate endgame related to Quantitative Easing and the decline of the dollar. What is China’s direct influence or input in QE 3? Is it in their best interests to prop up the dollar and the US economy? How relevant is the Yuan? Listen to another unedited interview."
Saturday, February 4, 2012
States Seek Currencies Made of Silver and Gold
A growing number of states are seeking shiny new currencies made of silver and gold.
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.
"In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System ... the State's governmental finances and private economy will be thrown into chaos," said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.
Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make "gold and silver Coin a Tender in Payment of Debts."
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.
"In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System ... the State's governmental finances and private economy will be thrown into chaos," said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.
Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make "gold and silver Coin a Tender in Payment of Debts."
- Read the full article at CNN here:
Friday, February 3, 2012
Wednesday, February 1, 2012
Subscribe to:
Posts (Atom)