I am a secular bear on financial assets like stocks. This is my bias. Although I understand we cannot have a replay of the 1930s in America (unlike Prechter), it has already occurred in Greece with an 87% loss from the 2007 peak to recent lows in October (versus 89% for the Dow in the [...]
After a four-day losing streak, gold prices finally broke to the upside as the US dollar weakened. Early Friday morning, gold futures for December delivery gained $37 to reach $1,650. Meanwhile, silver futures climbed more than $1 to hit $31.50. Not only has Europe been keeping equities on edge, but also precious metals. Massive sovereign [...]
“Gold is not a financial asset to be compared with dot-com stocks or Miami condos and it is not a commodity like pork bellies or crude oil. It is the ultimate currency for the truly sophisticated wealth holder in a time of substantial unreserved credit promotion.” ~ Paul Brodsky (Fund Manager) Originally from The Market [...]
Forexpros – Gold futures regained strength on Monday, as the U.S. dollar came under pressure after German Chancellor Angela Merkel and French President Nicolas Sarkozy pledged to unveil new steps to tackles the ongoing debt crisis in the euro zone. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery [...]
This is the talk you hear when folks (mainly the lefty’s) want Germany to pay for every thing in Europe, and to give Ben Bernanke the green light for QE3000. But the real truth is that with the 600 trillion dollars of derivatives out there held by all the banks in the world this card [...]
Martin Hutchinson writes: I first thought U.S. Federal Reserve Chairman Ben Bernanke was being deceitful when he denied the existence of inflation – but now I’m beginning to think he’s simply delusional. Anyone who watched or listened to Bernanke’s Oct. 4 congressional testimony must have reached the same conclusion. Originally from The Market Oracle
Jeff Clark, BIG GOLD writes: It may not feel like it after a 12% correction in the past 30 days, but Mike Maloney – founder of GoldSilver.com – is convinced that we’re in a gold bull market that will be life changing for those who participate. I interviewed him for our current edition of BIG [...]
Forexpros – Gold futures were up for a third day on Monday, climbing to a three-day high as mounting fears over a possible Greek debt default and a sharp drop in global equities boosted the appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery [...]
Forexpros – Gold futures regained strength on Tuesday, as the previous day’s sharp drop created buying opportunities for investors, while lingering fears over the euro zone’s sovereign debt crisis continued to support prices. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,823.55 a troy ounce during [...]
Forexpros – Gold futures were up for a second day on Monday, climbing above the psychologically important level of USD1,900-an-ounce as lingering worries over the euro zone sovereign debt crisis and mounting concerns over the U.S. economic outlook and boosted the appeal of the precious metal. On the Comex division of the New York Mercantile [...]
We maintain our Neutral recommendation on Kinross Gold Corporation (NYSE:KGC), primarily involved in the exploration and operation of gold mines. Kinross reported record adjusted earnings per share of $0.20 for the second quarter of 2011, outpacing the Zacks Consensus Estimate of $0.16. Strong performances at all operations, notably Kupol, Maricunga, and Fort Knox, amid continuing [...]
The past month investors have been hit hard from the falling stock market. Those who owned gold and bonds have been rewarded. During times of economic fear which leads to selling of stock shares investors and traders find safety in gold and bonds. It was this surge of money coming out of stocks that propelled [...]
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