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Cycles…
Mayan Indian elder Apolinario Chile Pixtun has restated his belief that the world is not going to end in 2012. Or more precisely, that his beliefs don’t suggest the world should end despite it being the end of a major cycle in the Mayan calendar. According to China Daily, he is even more emphatic that he’s tired of being asked about it. 2012 is the end of a 5126 year cycle (end of the 13th of 13 Baktun). It also ends a 26800 year cycle that may relate to the Earth’s wobble, which is useful for gauging the drift of…
22Oct2009 | HRA Advisories | 0 comments | ContinuedGold Investments Market Update
Gold surged 8% yesterday (as is the norm, the far smaller market that is silver surged by even more and was up by 13.3%) as the shock Federal Reserve announcement led to concerns regarding the dollar and the inflationary implications of massive money printing and debasement of the currency.
The dollar has fallen sharply against all currencies and particularly against the finite commodity and currency of gold which cannot be debased. In just two days the dollar has fallen from below 1.30 (EUR/USD) to over 1.37 (EUR/USD) despite concerns regarding the European economy.
Concerns about the dollar are justified and real. This…
20Mar2009 | The Gold Blog | 0 comments | ContinuedSenior and Junior Gold, Silver Mining Stock Picks: Part 1
Gold price could see $1,260 by April
Last October, while the shock waves of the largest bankruptcy filing in U.S. history still reverberated around the world, Trader Tracks Editor Roger Wiegand shared some thoughts with The Gold Report. In what has turned out to be an eerie understatement, he told us, “The American public herd is moving beyond being just nervous. Now they are getting scared. There is real fear in the air with inflation, massive job cuts and a drumbeat of bad news.” Not quite six months later—when many of his peers say the worst is behind us after all,…
Daily Futures Commentary FINANCIALS March 16, 2009
Monday, March 16, 2009
OVERVIEW
Global equity markets are up again overnight on optimism that we may have seen the bottom of the recession. Asset allocation plays are the theme as money is moving around between the U.S. Dollar, Gold, U.S. Treasuries and Equities.
On the television show 60-Minutes, Fed Chairman Bernanke said the recession could end in 2009 with a recovery to begin in 2010. This comment is inline with his testimony before Congress earlier in the month, but nonetheless potentially bullish.
The G-20 meeting ended this week-end with no real new developments. They had no immediate solutions to…
16Mar2009 | Brewer Investment Group | 0 comments | ContinuedJoe Foster: Chemistry Looks Good for Gold
Source: The Gold Report
In this exclusive interview with The Gold Report, geologist Joseph M. Foster—a Van Eck Associates portfolio manager who also leads its International Investors Gold Fund—sees nothing but good news for gold in the months and years to come. Joe isn’t holding his breath for mania to set in, but he does see a mix blending that will get gold “firing on all cylinders.” Once a declining dollar, increasing inflation and an improving economy fill the combustion chamber, all it will take is a sustained spark of optimism for gold to forge ahead.
The Gold Report: We appreciate the opportunity…
14Mar2009 | The Gold Report | 0 comments | ContinuedGold Investments Market Update
Gold and silver rallied over 1% and 2% yesterday as stock markets barely made gains in the US. Asian stock markets were mixed but the Nikkei fell 2.5% and most European markets are showing weakness again this morning and gold remains firm.
Demand for gold remains extremely robust with broad based demand from both retail and pension investors but also now from very large players such as high net worth individuals, hedge funds, sovereign wealth funds (Government of Singapore Investment Corp – GIC) and central banks diversifying into gold.
The world’s central banks were net buyers of an estimated 1.1 million oz in…
12Mar2009 | The Gold Blog | 0 comments | ContinuedCandlesticks and Indicators Predicted the Rollover in Silver, too.
Most of the time, Gold and Silver travel along together, much like the Lone Ranger and Tonto. In our Newsletter, we had ventured the opinion over a period of many weeks that the price of Silver was coming into a top and reversal, in a fashion similar to that of Gold. The generally accepted wisdom, of course, is that there was no discernable limit to the price of Silver because the advance of inflation would inevitably continue to propel investors to the perceived “safety†which Silver (together with Gold) could provide.
In our work, we use the Japanese Candlesticks method of…
1Mar2009 | William Kurtz | 0 comments | ContinuedLou Paquette: Gold Will Be The Last Man Standing
Source: The Gold Report
The Gold Report caught up with newsletter writer and commentator Lou Paquette, who launched the website Emerging Growth Stocks in 1995 to provide investors and speculators with a unique alternative to what he saw was a growing problem with corporate governance and conflict of interest on Wall Street. He believes that as people finally begin to realize that gold is the only asset we can count on any more, the bull market will "come out of its shell." He shares some of his favorite mining companies that are well-positioned to ride out these turbulent times.
The Gold Report: Lou,…
21Feb2009 | The Gold Report | 0 comments | ContinuedJunior Resource Stocks Set for a Period of Tremendous Gains
Palmer provides picks and says greed will come back quickly
Whether irrational exuberance or the faltering dot-com industry triggered it, the economic downturn of 2001 hit junior resource companies hard. They bounced back in a big way. “Downturn” understates the current scenario, but AlphaNorth Asset Management President and CEO Steve Palmer sees similarities. He looks forward to taking advantage of opportunities “to get in on some of what has now become the new ground floor” and make some “tremendous gains.” While he anticipates more bad news on the employment front, he also tells The Gold Report followers that he believes “we’ve…
The Final Hurdle for Gold May Have Been Passed
Bloomberg declares, “Gold Soars to Highest Since July.”
A Wall Street Journal headline proclaims, “Gold is Flirting with $1,000, Again; ‘There’s No Sign of the Market Tiring.’”
Yesterday gold surged another $30 an ounce surpassing $930. And the mainstream media is getting on board in a big way.
Now, we can debate all day whether this is the time gold runs back to $1,000 and beyond. Or whether this is just another short-lived bounce which could run out of steam at any moment. Frankly, the exceptional volatility of the gold market has taught me only time will tell.
What I can tell you…
12Feb2009 | Q1 Publishing | 0 comments | Continued
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