Gold And Gold Stocks, Undervalued And Poised To Run [View article]
DVL ...
I also keep looking for information from the talking heads that explains to me exactly how the Fed will unwind a $4 trillion balance sheet without causing a little chaos along the way.
Income Investors And The Looming Inflationary Spiral [View article]
PendragonY,
Color of the sky is flashing a warning signal. Red at night, sailors delight, red in the morning, sailors take warning.
We are at the dawn of a brand new era of debt no matter how much we want to believe it ain't so. At last count, there was some 660 Trillion dollars in derivative contracts in play in one form or another.
This debt issue kind of reminds me of the oil filter commercials: "Pay me now ($30 for oil change) or pay me later $1,500 engine repair bill. Except in the oil change case, risk is limited unlike US and world debt situation where risk is unlimited."
It is truly by God's mercy and grace that interest rates have not taken off to the moon. Time is running out and governments need to get their fiscal houses in order ASAP.
As a side note, if one looks at the increase in stock prices (which includes Berkshire) and compares those prices with debt increase, one quickly realizes the the debt went up faster than the increase in the value of stock market caps. In essence, we have stolen from the next generations future to finance today's prosperity.
Personally, I wouldn't blame future generations for being absolutely upset with the current generation.
Do Politicians Need A Market Crash To Wake Them Up? [View article]
Sy,
Good question! In fact, it is a great question!
"Do Politicians Need A Market Crash To Wake Them Up?"
I'll do you one better that may be less damaging and shake everyone up. How about one day everyone wakes up with gold and silver now priced at a level that monetizes and recognizes debt levels world wide? Over night, gold and silver will become most valuable asset on the planet and put the power back in the hands of the people.
Case in point, US Debt now about $16.4 Trillion. US stated gold reserves (if you can believe the figures) stated at around 8,133 tonnes. If one does the math on back of an envelope, that works out to about $57,000 per gold ounce. That would make everyone soil their under ware. If unfunded liabilities and derivatives were added in, anyone owning gold would be millionaires over night.
Finally, Jack Welch and other CEOs have made the following statement: "The governments keep throwing sand into the wheels of economic progress by overreaching and over regulating."
Income Investors And The Looming Inflationary Spiral [View article]
I looked at our article and was asking myself: What is wrong with these numbers that compare Berkshire share with gold?
I finally figured it out: The article completely ignores impact of debt. That 120,000 dollar figure for Berkshire you quote is worth $0!! Why? Because that is about the amount of debt the Berkshire shareholder now owes. Stock market and debt are zero sum games.
Anyone drinking the cool aide from this article is really in denial. This article vastly underestimates the debt challenge the world and the US have yet to face. If gold ounce was normalized to money and debt outstanding, gold would also be 6 figures in value. Unfortunately, that day will arrive once the next black swan flies into town.
See following website and watch the video for additional clarity on the true scope of the problem in graphical form.
What It Really Costs To Mine Silver: The Silver Standard Resources Edition [View article]
Your articles highlight something I have been writing about for over a year ... these large multi-billion dollar, multi-year boondoggle projects are over which means the write down cycle is over.
All data out of these companies indicates focus is now on exploration and operational efficiency. There are many firms that are continuing to expand their exploration programs provided they have the geologists to do the work.
One of the key metrics that is not in anyone's model is gold price assumption used when resource and reserve estimates are produced. The real GEMs in the mining industry are the miners that assume lower resource value estimate in making investment decisions. For example look for miners that use a gold price of $950/ounce and silver price of $17.50 per ounce in base assumptions.
"Finally, it appears that gold is forming a double-bottom pattern on the daily chart, which could produce a quick retest of the resistance level at $1640-1680 level."
I just looked at most recent COT data an it is bullish for both Silver and Gold. In addition to the COT data, the negative sentiment metrics are as bullish as they have been in years.
Is This Finally The End Of Gold's Decade-Long Bull Market? [View article]
Stuart Burns ...
In the scheme of things, billions of dollars you reference in that statement below is like a pebble of sand on the beach when one looks at government debt, rise in aggregate money creation, currency SWAPS, etc. which are measured in TRILLIONS.
"It is probably not an exaggeration to say billions of dollars probably swing on that question."
See following website to understand why BILLIONS does not matter in the scheme of things. The elephant in the room is the mounting debt that will increase as far as the eye can see in TRILLIONS.
Sell Gold And Silver Further On This Jobs Report [View article]
indianamark,
I too saw her charts and agree. Based on headline below, QE will be with us for quite awhile based on underemployment rate of 18%. It looks like John Williams shadowstats data is telling the truth more than we all know.
Hiring Jumps but 'Underemployment' Remains Stubbornly High Breakout Job creation broke out in February, with the economy creating a net 236,000 new jobs as the unemployment rate fell to 7.7 percent. But it's not all good news: According to Gallup polling, the "underemployment rate" is near 18%
Our government leadership keeps throwing sand into the gears of economic progress with over regulation and overreach.
The Bottom Is In For Gold And Mining Stocks [View article]
Mark T.
I agree ... below is a headline regarding employment statistics release on 08Mar13. QE is going to be with us for a long, long time despite federal bank desires to remove it. This should be a positive for the entire PM complex. With an 18% underemployment figure, economy will feel like it is in recession forever until this rate drops.
Hiring Jumps but 'Underemployment' Remains Stubbornly High Breakout Job creation broke out in February, with the economy creating a net 236,000 new jobs as the unemployment rate fell to 7.7 percent. But it's not all good news: According to Gallup polling, the "underemployment rate" is near 18%
Sell Gold And Silver Further On This Jobs Report [View article]
Markos,
Below is a headline you need to add in your article:
"In February Multiple Jobholders Rose By A Record, As Full-Timers Dropped, Part-Timers Increased". See following article on zerohedge for more information.
While I want to believe that the glass is half full, when I see how statistics are manipulated, this one single thought comes to mind.
"Figures lie and liars can figure."
So the gist of the statistics is as follows:
"Full time workers are being replaced by part time workers in mass."
And by the way, gold is only down $10 as of this writing. America is looking more and more like Greece everyday. Riots in the streets may not be too far off in the distant future based on recent Blackhawk helicopter exercises in American cities.
Like Jack Welch commented yesterday: "The current US government keeps throwing sand into the gears of economic progress with overreach and over regulation."
I heard a similar comment from the CEO of Exxon Mobile.
The Bottom Is In For Gold And Mining Stocks [View article]
jaspergers,
I believe we may have seen the "psychotic" break early this week. Almost everyone one of the miners is now sporting a single digit forward P/E multiple with gold between the $1500-$1600 range.
Gold ETF Sees Over $5 Billion Outflow As Prices Slump [View article]
While $5 billion might seem like a lot of money, it is a pebble of sand on the beach compared with other financial system distortions like debt, fed balance sheet increases, increased money supply figures, etc.
I believe notes on Mineset web site of Jim Sinclair are expecting some major changes in markets within the next several months that will be positive for gold price. See site below for more information.
COTS Report: New All-Time High For Gold Shorts [View article]
Gold And Gold Stocks, Undervalued And Poised To Run [View article]
I also keep looking for information from the talking heads that explains to me exactly how the Fed will unwind a $4 trillion balance sheet without causing a little chaos along the way.
What It Really Costs To Mine Gold: The Yamana Gold Edition [View article]
According to the CNBC ... looks like the federal reserve and government leaders are doing a fine job.
Income Investors And The Looming Inflationary Spiral [View article]
Color of the sky is flashing a warning signal. Red at night, sailors delight, red in the morning, sailors take warning.
We are at the dawn of a brand new era of debt no matter how much we want to believe it ain't so. At last count, there was some 660 Trillion dollars in derivative contracts in play in one form or another.
This debt issue kind of reminds me of the oil filter commercials: "Pay me now ($30 for oil change) or pay me later $1,500 engine repair bill. Except in the oil change case, risk is limited unlike US and world debt situation where risk is unlimited."
It is truly by God's mercy and grace that interest rates have not taken off to the moon. Time is running out and governments need to get their fiscal houses in order ASAP.
As a side note, if one looks at the increase in stock prices (which includes Berkshire) and compares those prices with debt increase, one quickly realizes the the debt went up faster than the increase in the value of stock market caps. In essence, we have stolen from the next generations future to finance today's prosperity.
Personally, I wouldn't blame future generations for being absolutely upset with the current generation.
Do Politicians Need A Market Crash To Wake Them Up? [View article]
Good question! In fact, it is a great question!
"Do Politicians Need A Market Crash To Wake Them Up?"
I'll do you one better that may be less damaging and shake everyone up. How about one day everyone wakes up with gold and silver now priced at a level that monetizes and recognizes debt levels world wide? Over night, gold and silver will become most valuable asset on the planet and put the power back in the hands of the people.
Case in point, US Debt now about $16.4 Trillion. US stated gold reserves (if you can believe the figures) stated at around 8,133 tonnes. If one does the math on back of an envelope, that works out to about $57,000 per gold ounce. That would make everyone soil their under ware. If unfunded liabilities and derivatives were added in, anyone owning gold would be millionaires over night.
Finally, Jack Welch and other CEOs have made the following statement: "The governments keep throwing sand into the wheels of economic progress by overreaching and over regulating."
Income Investors And The Looming Inflationary Spiral [View article]
I finally figured it out: The article completely ignores impact of debt. That 120,000 dollar figure for Berkshire you quote is worth $0!! Why? Because that is about the amount of debt the Berkshire shareholder now owes. Stock market and debt are zero sum games.
Anyone drinking the cool aide from this article is really in denial. This article vastly underestimates the debt challenge the world and the US have yet to face. If gold ounce was normalized to money and debt outstanding, gold would also be 6 figures in value. Unfortunately, that day will arrive once the next black swan flies into town.
See following website and watch the video for additional clarity on the true scope of the problem in graphical form.
http://demonocracy.info
What It Really Costs To Mine Silver: The Silver Standard Resources Edition [View article]
All data out of these companies indicates focus is now on exploration and operational efficiency. There are many firms that are continuing to expand their exploration programs provided they have the geologists to do the work.
One of the key metrics that is not in anyone's model is gold price assumption used when resource and reserve estimates are produced. The real GEMs in the mining industry are the miners that assume lower resource value estimate in making investment decisions. For example look for miners that use a gold price of $950/ounce and silver price of $17.50 per ounce in base assumptions.
Recent Gold Price Action: Bullish [View article]
"Finally, it appears that gold is forming a double-bottom pattern on the daily chart, which could produce a quick retest of the resistance level at $1640-1680 level."
I just looked at most recent COT data an it is bullish for both Silver and Gold. In addition to the COT data, the negative sentiment metrics are as bullish as they have been in years.
Is This Finally The End Of Gold's Decade-Long Bull Market? [View article]
In the scheme of things, billions of dollars you reference in that statement below is like a pebble of sand on the beach when one looks at government debt, rise in aggregate money creation, currency SWAPS, etc. which are measured in TRILLIONS.
"It is probably not an exaggeration to say billions of dollars probably swing on that question."
See following website to understand why BILLIONS does not matter in the scheme of things. The elephant in the room is the mounting debt that will increase as far as the eye can see in TRILLIONS.
http://demonocracy.info
Sell Gold And Silver Further On This Jobs Report [View article]
I too saw her charts and agree. Based on headline below, QE will be with us for quite awhile based on underemployment rate of 18%. It looks like John Williams shadowstats data is telling the truth more than we all know.
Hiring Jumps but 'Underemployment' Remains Stubbornly High
Breakout
Job creation broke out in February, with the economy creating a net 236,000 new jobs as the unemployment rate fell to 7.7 percent. But it's not all good news: According to Gallup polling, the "underemployment rate" is near 18%
Our government leadership keeps throwing sand into the gears of economic progress with over regulation and overreach.
The Bottom Is In For Gold And Mining Stocks [View article]
I agree ... below is a headline regarding employment statistics release on 08Mar13. QE is going to be with us for a long, long time despite federal bank desires to remove it. This should be a positive for the entire PM complex. With an 18% underemployment figure, economy will feel like it is in recession forever until this rate drops.
Hiring Jumps but 'Underemployment' Remains Stubbornly High
Breakout
Job creation broke out in February, with the economy creating a net 236,000 new jobs as the unemployment rate fell to 7.7 percent. But it's not all good news: According to Gallup polling, the "underemployment rate" is near 18%
Sell Gold And Silver Further On This Jobs Report [View article]
You are correct ... Jim Sinclair looking for $3,500 / ounce and he believes the bottom is in for gold. See web site below for more information.
http://www.jsmineset.com
By the way, GOLD is UP as I am writing this comment despite the manipulated employment statistics!!!!
Sell Gold And Silver Further On This Jobs Report [View article]
Below is a headline you need to add in your article:
"In February Multiple Jobholders Rose By A Record, As Full-Timers Dropped, Part-Timers Increased". See following article on zerohedge for more information.
http://bit.ly/Wa6mM7
While I want to believe that the glass is half full, when I see how statistics are manipulated, this one single thought comes to mind.
"Figures lie and liars can figure."
So the gist of the statistics is as follows:
"Full time workers are being replaced by part time workers in mass."
And by the way, gold is only down $10 as of this writing. America is looking more and more like Greece everyday. Riots in the streets may not be too far off in the distant future based on recent Blackhawk helicopter exercises in American cities.
Like Jack Welch commented yesterday: "The current US government keeps throwing sand into the gears of economic progress with overreach and over regulation."
I heard a similar comment from the CEO of Exxon Mobile.
The Bottom Is In For Gold And Mining Stocks [View article]
I believe we may have seen the "psychotic" break early this week. Almost everyone one of the miners is now sporting a single digit forward P/E multiple with gold between the $1500-$1600 range.
Gold ETF Sees Over $5 Billion Outflow As Prices Slump [View article]
I believe notes on Mineset web site of Jim Sinclair are expecting some major changes in markets within the next several months that will be positive for gold price. See site below for more information.
http://www.jsmineset.com