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  • Last Chance To Buy Cheap Gold Mining Stocks Before They Double In 2014? [View article]
    If 2014 doesn't produce positive results, let's not forget that we have all of 2015 ahead of us.
    Oct 2 03:00 PM | 2 Likes Like |Link to Comment
  • September Auto Sales Confirm My View On The Economy: Short The Stock Market [View article]
    Dave: I read most of your articles going back to Dec. It is quite clear that you have been consistent with your bullish outlook on gold and it's miners ( throughout the 2013 gold crash) and bearish on the stock market ( as it has risen to all time highs). Now you are telling us to short the market based on what? A one month report on auto sales? Of course, eventually the market is going to tank, but are you sure you've nailed the timing down this time?

    BTW, I fully agree that the dollar is in trouble (which should provide some support for gold), but I sure wouldn't count on a declining dollar being negative for the stock market. In fact, quite the contrary is more probable, in my opinion.
    Oct 2 02:20 PM | Likes Like |Link to Comment
  • Shutdown, Debt Ceiling Prompt A Gold Market Sell-Off And Rebound? [View article]
    The government shut downs and gold takes a dive. Another speculative hope down the drain. Of course, it's all due to yet more 'manipulation' by sinister unknowns. It couldn't possibly be because someone is actually selling their gold because they don't want it. Right?
    Oct 2 12:49 PM | 2 Likes Like |Link to Comment
  • Weekly COMEX Gold Inventories: Total Falls 3% In One Day [View article]
    If the COMEX where the ONLY available facility for PMs, then I would say that you have a valid concern about it's inventory levels. However, as you are well aware, there are now a number of similar PM warehouses and accordingly, each of them now has a piece of the gold warehousing pie. The COMEX relevancy is shrinking fast and we are witnessing that process with the rapid loss of client's inventory that is clearly going elsewhere to be warehoused. Frankly, if I were a large gold holder, the last place I would want it stored would be in the US.

    Can you provide data that might demonstrate that overall gold inventories are falling in the other warehouses? Perhaps you have the resources for discovery that are not readily available to your readers. I would applaud an article based on the big picture rather than the COMEX alone.

    If it could be shown that inventories are declining on a collective basis, it would mean the gold is disappearing out of the warehouses and into the hands of unknown entities. Only then would a concern for a developing shortage be valid. Otherwise, looking at just the COMEX and it's inevitable loss of market share, as other warehouses spring up, is just pure folly. Good luck with that.
    Oct 2 12:25 AM | 2 Likes Like |Link to Comment
  • Weekly COMEX Gold Inventories: Total Falls 3% In One Day [View article]
    Hebba, you are missing the point of my criticism. Thus far, the COMEX inventories have proven to have only one possible correlation with the price of gold and that is as the price goes down, so do the inventories. No causation, no predictive value. Focusing on the inventories is a waste of time and draws investors away from issues that really do matter such as the demand in India for gold to which the gold price is highly correlated.

    In my opinion, your statement may explain why you continue to write articles on the inventories. To quote: "I've gotten enough people saying they are interested in keeping track of it to continue to publish these articles" Okay, let's give the folks what they want to read, not what they should be reading. No doubt, the focus on the inventories probably provides a soothing hope to those who have been crushed by a two year bear market for gold and the miners.

    I will not comment further since at this point, anyone who still wants to believe the falling inventories are meaningful will do so, regardless.
    Oct 1 03:10 PM | 2 Likes Like |Link to Comment
  • Weekly COMEX Gold Inventories: Total Falls 3% In One Day [View article]
    Same article theme every week since May 3rd, when the author first brought the declining COMEX inventories to our attention.

    The only thing that can be said for certain about the falling COMEX inventories is that gold is moving out of the COMEX and is being stored elsewhere by parties unknown. What the inventories do not tell us is if the gold has been sold or just transferred by existing owners. The fact is that these movements of large amounts of gold during the past several months has done little, if anything, to support higher gold prices.

    Stay tune for the same article, worded in a slightly different way, next week.
    Sep 30 01:16 AM | Likes Like |Link to Comment
  • Why The Budget Debate In Washington Matters For Gold [View article]
    Should have said " At one time this author was one of my favorite..."
    Sep 26 01:52 AM | Likes Like |Link to Comment
  • Why The Budget Debate In Washington Matters For Gold [View article]
    Now we are expected to believe that the budget debate will matter to gold? Well, if Congress refuses to increase the debt ceiling and if Obama doesn't use attempt an executive order to bypass Congress, and if there is a default, then it is conceivable that the dollar could take a seriously hit, thereby causing gold to rise in terms of the American dollar. There is a lot of 'ifs' in that scenario and not something that one should count on as being the catalyst that will produce a new bull market in gold. The debate is not going to create new demand in India, which does matter, very much.

    At one one this author was one of my favorite as he used to write some very good articles on different aspects of the economy. Unfortunately, for some reason he has become stuck with being ultra bullish on gold and now writes article after article about how different scenarios are going to be good for gold and of course, none of his hopeful speculation has proven to be correct with gold selling off after several failed rallies. Too bad.
    Sep 26 01:24 AM | 2 Likes Like |Link to Comment
  • Fiscal Policy Clearly Driving Monetary Policy, Expect Long Drawn Out Taper [View article]
    Robert, thanks for the great article. However, I have to admit that I do enjoy the 'foaming at the mouth' goldbug responses you get every time you write one of your 'tell it like it is' articles on gold. The lack of civility and just plain bone-headedness on the part of some of the goldbug commentators is hilarious. I hope you write another article on gold soon.

    For the record, I went long on gold and the miners last Friday with the expectation that a rally was in the cards but I have no idea how far it will go before petering out. I am not one of those hold it for my grandkids kind of investor so I will be looking for the exits before too long. You did predict that gold would rally and that it would be short lived as gold ultimately resumes it's downward track. Do you see any reason to change that view?
    Sep 20 12:40 AM | 3 Likes Like |Link to Comment
  • Surprise, Surprise: No Taper From The Fed [View article]
    76% of Americans didn't know what QE was? That's probably because nobody has mentioned it in a reality show.
    Sep 18 10:45 PM | 6 Likes Like |Link to Comment
  • Surprise, Surprise: No Taper From The Fed [View article]
    I agree that gold could continue to move up, but only in terms of a devaluing American dollar. The holders of American debt are fed up with watching their reserves steadily losing value and the FED is not helping matters by refusing to wean the economy off stimulus QE money.

    Expect increased selling of American treasuries and a collapsing dollar. In much the same way as gold as hit all time highs in terms of a devalued Indian Rupee, expect gold to rise, as priced in US dollars.
    Sep 18 10:36 PM | 1 Like Like |Link to Comment
  • USGS Show Gold Mine Supply Dropping Every Single Month In 2013 [View article]
    It is true that US production of gold has been declining for several years. It is also true that 2012 was a record year for world gold production of which the US contributed approximately 8.5% of the total of 2700 tonnes. Clearly, despite falling output in the US, overall gold production is on the rise.

    If US production were to fall 10% for 2013, that would seem to be a reason enough to be bullish on gold until one considers that a 10% loss of America's 2012 output of 230 tonnes would only remove about 23 tonnes of supply from a world total of 2700 tonnes. That's not much of a dent! Then there is the problem of declining demand by one of the biggest consumer nations, that being India. Thanks to stiff import duties and controls, India's consumption is expected to down up to 100 tonnes for this fiscal year, which, of course vastly exceeds America's expected production shortfall.
    Kinda takes the excitement out of being bullish over a 'made in America' reason, doesn't it?

    As I have said before, the only hope for those who have bought gold with US currency, is for the US dollar to devalue, and then only if gold demand remains static or better yet, increases. I am currently bullish on gold, at least for the short term, primarily because the US dollar is about to enter a very challenging period.
    Sep 18 10:06 PM | 1 Like Like |Link to Comment
  • Bill Powers: Give Up The Shale Gas Fantasy And Profit When The Bubble Bursts [View article]
    Mr Powers has been crying wolf for a long time now. Whether he is right or wrong is not terribly relevant. Domestic NG prices are destined to achieve parity with world prices in exactly the same way that American gasoline prices have risen despite plentiful domestic oil production. The oil and gas producers want world prices for American produced NG and they will eventually achieve that goal. Count on it.
    Sep 18 10:39 AM | 3 Likes Like |Link to Comment
  • Monetary Metals - Supply And Demand Report [View article]
    Three things are needed to produce a lasting spike in gold : Increased demand by the Chinese banks, a return of traditional demand by the Indian people, and a big devaluation of the American dollar. Notice how I did not list 'tapering' or any American political noise.
    Sep 17 03:34 PM | 2 Likes Like |Link to Comment
  • How The White House's Syrian Position Is Impacting Gold [View article]
    The Syrian crisis has very little long lasting effect on the price pf gold. It is almost irrelevant. Three things are needed to produce a lasting spike in gold : Increased demand by the Chinese banks, a return of traditional demand by the Indian people, and most importantly, a big devaluation of the American dollar.
    Sep 17 03:32 PM | 1 Like Like |Link to Comment