Send Message
View as an RSS Feed
  • A Back-Handed Look At 'Too Big To Fail'  [View article]
    The "worlds ruling elites" are the Big banks.......that is the reason they are classified as "too big to fail".
    Aug 29, 2014. 09:29 AM | 2 Likes Like |Link to Comment
  • ProShares declares 1-for-4 reverse split on 16 ETFs  [View news story]
    No big deal. Same thing happened with GDXJ last year. You don't lose money, you just get a quarter of the number of stocks that you had before but they are worth 4 times as much each.
    Jan 17, 2014. 07:23 AM | 1 Like Like |Link to Comment
  • Heterogeneous Mix Of Current Thought On The Price Of Gold  [View article]
    Excellent article . Thanks
    Oct 22, 2013. 05:35 PM | Likes Like |Link to Comment
  • Why Would You Bet On The GLD/SLV Ratio?  [View article]
    Couldn't agree more. Long gold, short silver makes no sense. 99% of the time they go in the same direction . The gold/silver ratio is falling at the moment, a well understood bullish signal for both metals.
    Oct 22, 2013. 04:36 PM | Likes Like |Link to Comment
  • This Hedge Fund Is 'All In' For The Commodity Rally  [View article]
    Great stuff, appreciate thoughts and advise from a successful expert.
    The fundamental trend in Gold, and the reasons for its ascent just gets stronger by the day. We just need to blow away the commercial shorts (China will help) and we should see some nice action in the new year.
    Dec 14, 2012. 01:46 PM | 1 Like Like |Link to Comment
  • Gold slipping in the wake of the Fed's even easier policies doesn't surprise Uri Landesman, who sees a dramatic correction ahead. The metal performs best as a "flight to quality," he argues, and the Fed moves take that bid away. His downside target next year is $1,400/oz.  [View news story]
    The FED knew more QE would pump up the price of Gold and Silver, so working with the Bullion banks they engineered two major "stomp downs" on both metals, one pre the announcement yesterday and one overnight. They are scared as hell that the precious metal prices will expose their massive devaluation of paper money. But in a few weeks time we will be back, and climbing to new highs. China and the rest of Asia know this and are acting as a solid backstop every time we get a dip. We will probably never see it (GLD) go below $1550 again. They understand the importance of a solid currency and Gold's place in history. It is a minor set back.
    Dec 13, 2012. 12:26 PM | 6 Likes Like |Link to Comment
  • Investors have been voracious buyers of silver and silver miner ETFs on QE-infinity, and when silver is outperforming gold, it is usually a bullish sign for the entire precious metals complex. Physically backed silver ETFs (SLV, SIVR, DBS) have jumped 23% in three months; silver miners (SIL, SLVP) are up 22%-plus. Physical gold (GLD) added ~10% and gold miners (GDX) ~15%.  [View news story]
    Just shows how valuable it's going to get then. Hold it abroad.
    Sep 24, 2012. 04:14 PM | Likes Like |Link to Comment
  • Why Gold's Attackers Are Wrong  [View article]
    Well done Shaun, Skyler's recent articles needed a well thought out response. We have to remember that gold was hammered for many years by the co-ordinated sell off of thousands of tons of the stuff by Central banks which culminated in the Brown (UK Chancellor) bottom when the UK ditched 2,000 tons of the stuff at the lowest possible price in 1999! It had quite a head wind. Now, of course the Central banks are buying again, and if the truth be known, are probably desperate to get their hands on as much of it as they can as quickly as possible. They know where their fiat currencies are heading. The BOE governor, Mervyn King said recently that "we need to depreciate Sterling significantly over the next few years". An astounding and shameful confession. The Chinese also know exactly where paper money is heading (as mentioned in comments above) and are pouncing on any dips in the market. Sure gold has corrected hard, but in the next 2 years it will go up like a rocket. The fundamentals are massively strong and getting better by the day as we approach a global financial melt-down.
    Jul 3, 2012. 05:18 PM | 3 Likes Like |Link to Comment
  • Get Ready For A Gold Rush  [View article]
    Venerability, sounds very neat and the stocks are closing nicely. However to Doc's point, why is it so significant? Presumably its the green light for the metals as well as the PM stocks?
    Jun 5, 2012. 04:25 PM | 2 Likes Like |Link to Comment
  • Chinese gold imports from Hong Kong in April rose 65% from a month earlier to a record 103.6 metric tons. In the year through the end of April, Chinese gold imports have risen nearly 8-fold from 2011, according to Bloomberg. "We can't rule out the possibility that the central bank is buying gold," says Ag Bank's Wang Xinyou.   [View news story]
    China seems to be the biggest gold bug of them all. I wonder why? Fed up with the way the $ and € are going? Got other plans?
    Meanwhile the FED does it's best to let them have it at the cheapest possible price. Something they are going to regret big time.
    Jun 5, 2012. 08:10 AM | 3 Likes Like |Link to Comment
  • Super Speculate Me--Not: No Shine In Gold's Future  [View article]
    The rise of Gold against the demise of fiat currency is virtually inevitable and well proven over the centuries. The author of this article would do well to buy some asap as the revenue from his book sales is not likely to be very exciting.
    Jun 4, 2012. 03:28 PM | 4 Likes Like |Link to Comment
  • Is Gold A Safe-Haven Asset?  [View article]
    Thank you Shaun, its about time somebody corrected all this misunderstanding around the "safe haven" qualities of gold. The FT, for example, hasn't a clue. Of course gold is not immune to fluctuations in price and will go up and down like other commodities from time to time. But, when the going gets really tough and fiat currencies start to approach the value of the paper they are printed on, gold will soar. We know that debasement has already started and as each day goes by it will gather pace as sovereign debt spirals out of control on both sides of the Atlantic. Gold is money, increasingly difficult to mine, and you can't print it. The Chinese agree with Soros and must be having a field day with the current prices.
    May 29, 2012. 05:20 PM | 3 Likes Like |Link to Comment
  • The SPDR Gold Trust (GLD) recorded $897M in outflows yesterday, the largest decline since August 2011. Commerzbank wants to see more days of outflows, but says it's surely a negative if even ETF investors are caught up "in the selling pull." More: Central GoldTrust (CTU) now trades at a discount to NAV vs. an average 3.4% premium over the past year.   [View news story]
    China will soak up every drop below $1500. As for the "bubble" bursting, we have years of fun ahead before that can even be contemplated.
    May 23, 2012. 05:24 PM | 1 Like Like |Link to Comment
  • Off 1.3% to $1,535, gold is at its YTD low and looks to be testing a key support level hit in September and again in December. Beneath that looks to be a lot of air. It's more volatile cousin silver, -2.4% to $27.40, is forming a similar chart pattern.   [View news story]
    It is unlikely gold will fall below $1500 and if it does it will not be for long. Sense will prevail. All true bull markets experience max swings of 30% or more on the way up to shake off the doubters, we have c.-20%
    now and it should be seen as a time to start adding to your position. The fundamentals have never been more solid. The $ will crumble to dust in due course along with the rest of the fiat currencies.
    May 16, 2012. 05:41 PM | Likes Like |Link to Comment