agree....lack of bullish sentiment is usually a contrary indicator. Bull markets always climb a wall of worry, central banks always land on the side of inflation, and a rising market is often a percusor to inflation. There is an insane race to the bottom for national fiat currencies in hopes of driving their markets higher.
Will it all end badly? Most likely, but enjoy the ride for now!
Oversold might indeed be an understatement, especially in the junior and mid tier producers who have been hammered the most, but still produce in the 100,000 oz range every year.
Physical Gold Vs. Paper Gold: The Ultimate Disconnect [View article]
floor or no floor, the games will still get played by the same people who have been playing them in this market for 20 years now. However, it is getting to a point where the bull market for physical gold will impact their ability to play games.
86% of last years entire world production of physical gold went to three countries, China, India and Russia. This is a massive transfer of wealth from west to east, and it will continue. It will end the days of the big gamers in the paper market.
See--Gold sees largest one day pop since last June on strength of physical buying-->http://dld.bz/c29aJ
A Call On A Market Top And Why Gold Is Imploding [View article]
The logic is sound but what cash? I bought the Chinese Yuan and Mexican Peso 18 months ago and they have both increased against gold and the USD. I bought Sony as the Yen took a dive and it did quite well (In one month)
Do you believe the USD stays stable from here? Goes higher? Lower? How about Bitcoins? They seems to be doing well lately!
When you refer to the great depression returning, are you being U.S. centric? After all that decade saw the rise of Japan and Germany, at our expense.
Should we sell the British pound against the USD? How about the Brazilian Rial, the Canadian dollar? The Aussie dollar? The United States is a great Country, but is it possible that you are not looking beyond it's borders?
A Call On A Market Top And Why Gold Is Imploding [View article]
The logic is sound but what cash? I bought the Chinese Yuan and Mexican Peso 18 months ago and they have both increased against gold and the USD. I bought Sony as the Yen took a dive and it did quite well (In one month)
Do you believe the USD stays stable from here? Goes higher? Lower? How about Bitcoins? They seems to be doing well lately!
When you refer to the great depression returning, are you being U.S. centric? After all that decade saw the rise of Japan and Germany, at our expense.
Should we sell the British pound against the USD? How about the Brazilian Rial, the Canadina or Aussie dollars? The United States is a great Country, but is it possible that you are not looking beyond it's borders?
A Call On A Market Top And Why Gold Is Imploding [View article]
How does this explain the extreme increase in physical gold and silver buyers this past week? It seems that the metric used for the gold price (GLD et al) does not capture the interest in the physical side, especially in Asia, but to a lesser extent, here in North America.
Why would China import 835 tons of gold last year, while keeping all of it's own production (It is the number one producer in the world today). How do you explain why 86% of the total worlds production of gold last year went to three countries, China, India and Russia.
To me it sounds like a massive transfer of wealth from West to East, on a scale never before seen. How does this factor into your analysis/equation?
2 Gold Stocks And A Potash Company With Recent Intensive Insider Buying [View article]
Good article! I am long BRD and have added to my position, along with several other small gold, silver, platinum, lithium and graphite miners. The recent drop in the gold price was paper made. No one could sell off that much physical gold in that period of time, without a major buyer standing in the wings. It is manipulation, pure and simple. I own physical gold and silver as well, and won't be selling any for some time. Thanks again for your article.
Here is a very interesting article on the subject printed today by J.S. Kim, a renowned gold bug. Whether you agree or disagree, he makes a strong argument for the physical stuff (and miners of it)...http://bit.ly/17J8Umq
Do You Believe In The 12 Rules Of Goldbuggery? [View article]
Ditto.....A U.S. centric investment mindset is an albatross around the neck of some investors today. There are over 7B people on the planet (in the world market) and less than 5% are Americans. Even if the U.S. economy is 25% of the total market (a shrinking proposition) There is still currently 75% of the market that is not in the U.S. and does not think NA centric.
A rising middle class of 3 Billion people will dictate future prices of gold (and everything else for that matter). Combined with quantitative counterfeiting in the west, gold looks like a pretty good investment from this perch!
Over the past year 86% of the entire worlds output went to three countries, China, India and Russia, perpetuating a massive shift of the gold supply from west to east, and the recent manipulation by bullion banks will only increase this massive transfer of wealth. (Although their short term profits in shorting and manipulation will be spectacular) (yes there has been a massive manipulation by JP Morgan et al see...http://dld.bz/cyExH)
This transfer does not even take into account the gold production of the worlds largest producer, China which does not export any of it's gold production!! China imported 835 tons last year while holding on to their entire production. Maybe they have figured out that true wealth is held in such instruments, and not in paper issued through quantitative counterfeiting like the Dollar and Yen. Maybe they looked at their history books, or better still, the history boooks of the West, where it is written that "every fiat currency" is doomed to failure at some point.
When this all ends, it will end very badly for the west! As Sir Winston Churchill once said, "The United States always does the right thing, after it exhausts all other avenues"! I just hope it won't be too late to stop this massive transfer of wealth.
Shale Oil Is A Big Game Changer For Dow-To-Gold Ratio [View article]
Yes the U.S. produces more oil due to fracking etc, however almost all of the new production is exported now for greater prices from foreign buyers! Producers always go where the money is.
The main reason is, U.S. gas producers are "required" to purchase/add 10% ethanol, thereby greatly increasing price by buying an additive that is no longer needed. It is mandated by law (a law written before fracking became the norm) so, sellers are shipping out the new reserves in huge quantities for much better prices to locales where ethanol is not mandated! They get paid in Brent (as opposed to wti oil) prices.
This will lead invariably to higher gas prices even though we produce more oil now!
Why do you think there is so much pressure to build the new pipeline from North to the refiners and Tankers in the south? 80% of it will not be for U.S. consumption.
Regarding gold, Over the past year 86% of the entire worlds output went to three countries, China, India and Russia, perpetuating a massive shift of the gold supply from west to east, and the recent manipulation by bullion banks (JP Morgan et al) will only increase this massive transfer of wealth. (Although their short term profits in shorting and manipulation will be spectacular)
This transfer does not even take into account the gold production of the worlds largest producer, China which does not export any of it's gold production!! China imported 835 tons last year while holding on to their entire production. Maybe they have figured out that true wealth is held in such instruments, and not in paper issued through quantitative counterfeiting like the Dollar and Yen. Maybe they looked at their history books, or better still, the history boooks of the West, where it is written that "every fiat currency" is doomed to failure at some point.
When this all ends, it will end very badly for the west! As Sir Winston Churchill once said, "The United States always does the right thing, after it exhausts all other avenues"! I just hope it won't be too late to stop this massive transfer of wealth.
Winner Takes All: The Super-Priority Status Of Derivatives [View article]
Thanks for this Excellent article. It is an enlightening public service to say the least!
Most people do not understand the legal implications of deposits (loans) to banks, and that they do not actually own their deposits, the bank does......http://seekingalpha.co...
When this chart trend reverses, and it will, the reversal will be quick and violent. Also, I don't mistake etf's for actual physical gold. That would be a huge mistake in this environment. Physical gold silver, platinum and palladium are in high demand, and individual ownership of these hard assets will not show up clearly on any chart right now.
Holding gold or silver in any institution right now equates to holding cash in that: it is considered a "loan" by the bank or institution and can be frozen, and sold off, legally, and you take the loss if, for instance, the "Cypress effect" occurs.
Owning at least "some" physical gold, silver, platinum and/or palladium is prudent at this time!
Invest Like A Rounder: Don't Give Anything Away [View article]
Is The Recent Fall In Inflation Expectations A Warning Sign? [View article]
Stuff a billion dollars in U.S. cash in your mattress. Wait long enough and you will definately be a millionaire!
What's Wrong With This Picture? [View article]
Will it all end badly? Most likely, but enjoy the ride for now!
Are Gold Stocks Oversold? [View article]
Can you say takeover targets....
Physical Gold Vs. Paper Gold: The Ultimate Disconnect [View article]
86% of last years entire world production of physical gold went to three countries, China, India and Russia. This is a massive transfer of wealth from west to east, and it will continue. It will end the days of the big gamers in the paper market.
See--Gold sees largest one day pop since last June on strength of physical buying-->http://dld.bz/c29aJ
A Call On A Market Top And Why Gold Is Imploding [View article]
Do you believe the USD stays stable from here? Goes higher? Lower? How about Bitcoins? They seems to be doing well lately!
When you refer to the great depression returning, are you being U.S. centric? After all that decade saw the rise of Japan and Germany, at our expense.
Should we sell the British pound against the USD? How about the Brazilian Rial, the Canadian dollar? The Aussie dollar? The United States is a great Country, but is it possible that you are not looking beyond it's borders?
A Call On A Market Top And Why Gold Is Imploding [View article]
Do you believe the USD stays stable from here? Goes higher? Lower? How about Bitcoins? They seems to be doing well lately!
When you refer to the great depression returning, are you being U.S. centric? After all that decade saw the rise of Japan and Germany, at our expense.
Should we sell the British pound against the USD? How about the Brazilian Rial, the Canadina or Aussie dollars? The United States is a great Country, but is it possible that you are not looking beyond it's borders?
A Call On A Market Top And Why Gold Is Imploding [View article]
Why would China import 835 tons of gold last year, while keeping all of it's own production (It is the number one producer in the world today). How do you explain why 86% of the total worlds production of gold last year went to three countries, China, India and Russia.
To me it sounds like a massive transfer of wealth from West to East, on a scale never before seen. How does this factor into your analysis/equation?
2 Gold Stocks And A Potash Company With Recent Intensive Insider Buying [View article]
Here is a very interesting article on the subject printed today by J.S. Kim, a renowned gold bug. Whether you agree or disagree, he makes a strong argument for the physical stuff (and miners of it)...http://bit.ly/17J8Umq
Do You Believe In The 12 Rules Of Goldbuggery? [View article]
A rising middle class of 3 Billion people will dictate future prices of gold (and everything else for that matter). Combined with quantitative counterfeiting in the west, gold looks like a pretty good investment from this perch!
Gold: A Bright Shining Lie? [View article]
This transfer does not even take into account the gold production of the worlds largest producer, China which does not export any of it's gold production!! China imported 835 tons last year while holding on to their entire production. Maybe they have figured out that true wealth is held in such instruments, and not in paper issued through quantitative counterfeiting like the Dollar and Yen.
Maybe they looked at their history books, or better still, the history boooks of the West, where it is written that "every fiat currency" is doomed to failure at some point.
When this all ends, it will end very badly for the west! As Sir Winston Churchill once said, "The United States always does the right thing, after it exhausts all other avenues"! I just hope it won't be too late to stop this massive transfer of wealth.
Shale Oil Is A Big Game Changer For Dow-To-Gold Ratio [View article]
The main reason is, U.S. gas producers are "required" to purchase/add 10% ethanol, thereby greatly increasing price by buying an additive that is no longer needed. It is mandated by law (a law written before fracking became the norm) so, sellers are shipping out the new reserves in huge quantities for much better prices to locales where ethanol is not mandated! They get paid in Brent (as opposed to wti oil) prices.
This will lead invariably to higher gas prices even though we produce more oil now!
Why do you think there is so much pressure to build the new pipeline from North to the refiners and Tankers in the south? 80% of it will not be for U.S. consumption.
Regarding gold, Over the past year 86% of the entire worlds output went to three countries, China, India and Russia, perpetuating a massive shift of the gold supply from west to east, and the recent manipulation by bullion banks (JP Morgan et al) will only increase this massive transfer of wealth. (Although their short term profits in shorting and manipulation will be spectacular)
This transfer does not even take into account the gold production of the worlds largest producer, China which does not export any of it's gold production!! China imported 835 tons last year while holding on to their entire production. Maybe they have figured out that true wealth is held in such instruments, and not in paper issued through quantitative counterfeiting like the Dollar and Yen.
Maybe they looked at their history books, or better still, the history boooks of the West, where it is written that "every fiat currency" is doomed to failure at some point.
When this all ends, it will end very badly for the west! As Sir Winston Churchill once said, "The United States always does the right thing, after it exhausts all other avenues"! I just hope it won't be too late to stop this massive transfer of wealth.
Technical Intermarket Analysis Of Commodities, Bonds And Stocks Raises Bear Market Targets For Stocks [View article]
Winner Takes All: The Super-Priority Status Of Derivatives [View article]
Most people do not understand the legal implications of deposits (loans) to banks, and that they do not actually own their deposits, the bank does......http://seekingalpha.co...
Why I Am Not Selling Gold [View article]
Holding gold or silver in any institution right now equates to holding cash in that: it is considered a "loan" by the bank or institution and can be frozen, and sold off, legally, and you take the loss if, for instance, the "Cypress effect" occurs.
Owning at least "some" physical gold, silver, platinum and/or palladium is prudent at this time!