This page contains alternative investment news articles that offer an unedited version of todays news. You will also be able to find interviews with some of the brightest company builders and fund managers in the industry.
By: John Embry - King World News
With gold holding near the $1,650 area and silver turning positive, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked where he sees things headed from here, Embry responded, I think the comparison between silver and (shares of) Apple is excellent in the sense that silver volatility has been horrific. All but the true believers have been knocked out of the box for sure. But I believe in the fullness of time, silver, from the bottom, may post a better return than Apple and thats really saying something because Apple has been fantastic.
By: Jesse - JESSE'S CAFÉ AMÉRICAIN
Here is something from my 'private stock.'
This is the picture of a quiet flight to quality.
If you must trade, buy strength and sell weakness, and not the other way around when driven by greed and fear.
But for almost everyone, it is better to see the trend and ride its crest, perhaps hedging a little at the extremes, while the fundamentals that created it are intact.
What are the fundamentals driving this phenomenon? Keep Jesse's Paradox in mind.
And if you have to rely on something wonkish, with the trappings of an economic theory, then an eye to negative interest rates on the ten year bond is not bad, provided that you can find a measure of price inflation that has not been fouled by official corruption.
Robert Kiyosaki on the Alex Jones show talks about buying silver
By: Ben Davies - King World News
With gold around $1,610 and silver above $30, today King World News interviewed Ben Davies, CEO of Hinde Capital, to get his take on where the gold & silver markets are headed. When asked about the action in the metals, Davies responded, Look, we cant have our cake and eat it too. The (gold) market has been the best performing asset and obviously I believe it is a monetary asset. Its very tempting as individuals when you see it correct 10%, mentally we all think in terms of fiat currency and you feel, Ive lost 10% of my value.
By: Mike Shedlock - GlobalEconomicAnalysis.blogspot.com
Fear as measured by the cost of options and also by the $VIX remain elevated but well off the upper end of the range seen multiple times since August.
Bloomberg reports Bank Puts Fall Most in S&P 500 as Profits Reduce Crisis Pessimism
The cost of options protecting against losses in financial companies is falling faster than any other industry as earnings reassure investors that banks and brokerages will avoid a repeat of 2008.
Louis James of Casey Research interviews Eric Sprott
By: Cris Shreidan - Financialsense.com
For the first time ever, China is offering convertibility between gold and their own currency, the Renminbi. To understand the symbolic importance of this, let's first give a bit of background and context.
Gold, as with most other commodities, is commonly priced around the world in US dollars since it currently acts as the world reserve currencya relic of the Bretton Woods System established after World War II to restore order to the global financial system under America's newly recognized economic and financial strength. In order for other nations to agree to this US-centric based system of finance and global trade, however, there was a stipulation made to enforce responsibility on the US to maintain the dollar's value by allowing other nations to freely exchange their dollar holdings for a fixed amount of gold. That is, the US dollar was directly convertible into gold.
By: Chris Martenson - Casey Research
Chris believes that everything we know about the world today including how the economy works and how we invest is due for a real, fundamental, earth-shaking kind of change. The next 20 years, he says, will be completely unlike the last 20 years.
By: Richard Russell - King World News
With tremendous volatility across markets globally, including gold and silver, here are some key points the Godfather of newsletter writers, Richard Russell, wrote about in last couple of commentaries, The signs are growing. I can see the signs in the number of vagrants in La Jolla and south in Pacific Beach (California). As I drive by I see little clusters of men and women (mostly men) huddled in doorways or sitting in the bushes beside the roads. These are vagrants, always a sign of a severe recession. Men holding cardboard signs stand by the side of the road. The signs read, Vet needs work or Single mom needs food for her three children.
Stefan Molyneux interviews founder of Global Resource Investments - Rick Rule
By: Gerald Celente - King World News
With gold and silver taking off to the upside along with stocks, today King World News interviewed Gerald Celente, Founder of Trends Research and the man many consider to be the top trends forecaster in the world. When asked about the recent action in gold and what he sees going forward, Celente responded, The action in gold is things being manipulated. Even though gold is higher today, they dont want to see gold going up. Pick up any newspaper, they have one flunky after another writing about why gold is a bubble. So what they are doing is talking down the price of gold and other precious metals and they are pumping up their phony currencies.
By: Steve Saville - 321Gold
The US economy is definitely in recession and the recession will probably extend into next year. This isn't necessarily a reason to be concerned about downside risk in the broad stock market, because the stock market attempts to discount the future and might already have priced-in the sort of earnings decline that a recession would bring about. The reason to be concerned about downside risk in the stock market is that the recession is not widely recognised and most analysts are still projecting growth in earnings over the next 12 months.
By: Chris Martenson - financialsense.com
I do not toss around the idea of a market crash lightly. If you've been following me long enough, you know that only in very rare instances do I issue a cautionary Alert (I've only issued four since my website launched in 2008), and I am generally not given to hyperbole.
By: John Embry - King World News
With gold holding near the $1,650 area and silver around $32, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked about events around the world and how they are impacting gold and silver, Embry responded, This Dexia Bank failure just showed how vulnerable the European banking system is. This was one of the banks that stood out in their stress tests and then two months later they have to recapitalize it and nationalize it. This probably brought home to people that we are talking trillions of euros to recapitalize the banking system over there to keep it functioning.
By: Rick Rule - King World News
With gold above $1,650 and silver near the $32 level, today King World News interviewed one of the most street smart pros, Rick Rule, Founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. When asked about the action in gold, Rule responded, Background noise, up $40, down $40, absolutely irrelevant. Keep in mind this is all happening with a $1,500 gold base in place. The idea that equity markets should rebound because the Europeans may get their act together by printing $4 trillion in new counterfeit currency notes doesnt matter to me. And the gold price up $40 or down $40 doesnt matter to me.
Marc Faber interview on CNBC
Jim Rogers interview on CNBC
By: Robin Griffiths - King World News
With gold, silver and stocks rallying, today King World News interviewed one of the top strategists in the world, 40 year veteran Robin Griffiths of Cazenove. Cazenove is one of the oldest financial firms on the planet and is widely believed to be the appointed stockbroker to Her Majesty The Queen. KWN wanted to get Griffiths thoughts on the action in gold, but first we asked about the reason for the rally in stocks and what is happening in Europe, Griffiths responded, The cause of the rally in Europe is that Angela Merkel, the Chancellor of Germany and Nicolas Sarkozy, the President of France, have had a meeting and they are coming up with a plan. So far there are no details about the plan other than the total agreement that we need a plan. So its a plan to have talks about making a plan later is what weve got.
Bill Bonner - Dailyreckoning.com
The feds released a jobs report on Friday. It said that things werent as bad as everyone thought. The US economy actually added 103,000 new jobs in September.
But wait. That is not a lot of jobs. There are about 150 million people who make up the labor force. This number increases by immigration and population growth by about 1.2 million per year. So, 100,000 new jobs doesnt do much to restore full employment...
Chris Puplava - financialsense.com
But Parallels of 2008 Still Suggest Caution
Silver (SLV) just completed its second major correction this year after its parabolic rise and peak in April. The second decline that occurred over the last month has led silver to shedding nearly half its value. The decline over the last six months has pushed our silver indicator to the second most oversold value in a decade. Is this a major buying opportunity or are investors now catching a falling knife? The answer to that question hinges on what the dollar (UUP) does over the next several weeks...
Doug Short - financialsense.com
Last week, September 30th, the Economic Cycle Research Institute (ECRI) publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st.
Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there's nothing that policy makers can do to head it off.
ECRI's recession call isn't based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down before the Arab Spring and Japanese earthquake to be followed by downturns in the Weekly Leading Index and other shorter-leading indexes. In fact, the most reliable forward-looking indicators are now collectively behaving as they did on the cusp of full-blown recessions, not "soft landings."
By: King World News
King World News has released the eagerly anticipated audio interview KWN Resident Expert Jim Rickards, Senior Managing Director at Tangent Capital Markets. Jim Rickards was not only talking gold, he also discussed the KWN interview with giant killer Harry Markopolos, where Markopolos accused Bank of New York Mellon and State Street of stealing $6 to $10 billion from the pension funds of tens of millions of Americans
By: Morris Hubbartt - 321GoldLooking at the past three years of history, I believe the most recent COT reports were some of the most bullish issued for gold, and bearish for the dollar. Throughout this update I will focus on what this report likely means for gold over the next several months. We are in a correction, and phase two of this powerful bull market is underway
By: David Chapman - GoldSeek.com
With gold correcting back roughly 16% from its recent all-time highs it sometimes pays to put things in a little perspective.
This is a weekly chart of gold dating back to the start of the bull market in 2001. As can be seen gold has been in a relentless uptrend since its double bottom lows near $250 in 2001. Based on the current price that is a gain of 540%. Gold is up about 460% since the beginning of the millennium. Compare that with the S&P TSX Composite that is up 33% and the S&P 500 who is down some 23% since the beginning of the millennium.
By: King World News
With gold still near $1,640 and silver at $31, today King World News interviewed Ben Davies, CEO of Hinde Capital, to get his take on the crisis in Europe and where the gold market is headed
By: King World News
With continued volatility in all global markets, including gold and silver, today King World News interviewed Peter Schiff
By: Jeff Clark - Casey Research
It may not feel like it after a 12% correction in the past 30 days, but Mike Maloney founder of GoldSilver.com is convinced that were in a gold bull market that will be life changing for those who participate. I interviewed him for our current edition of BIG GOLD and am sharing some of what we talked about here. You may be shocked at what you read, because hes devoted a larger allocation to gold and silver than we have. See why hes convinced a bubble is ahead for precious metals, how high prices will go, and why he stores some gold overseas
James Turk interviews world renowned money manger Felix Zulauf
By: David Galland - Daily Reckoning
10/18/11 The US monetary system and by extension, that of much of the developed world may very well be on the verge of collapse. Falling back on metaphor, while the worlds many financial experts and economists sit around arguing about the direction of the ship of state, most are missing the point that the ship has already hit an iceberg and is taking on water fast.
Yet if you were to raise your hand to ask 99% of the financial intelligentsia whether we might be on the verge of a failure of the dollar-based world monetary system, the response would be thinly veiled derision. Because, as we all know, such a thing is unimaginable!
By: Richard Russell - King World News
With tremendous volatility across markets globally, including gold and silver, the Godfather of newsletter writers, Richard Russell, who has more than half a century of experience writing about the markets, had to say in his latest commentary, I've never studied or worked with a market like this one. It's truly one for the history books. Gold -- Despite daily warnings from amateur experts, gold continues to climb above its 200-day moving average (see chart below). The last real correction occurred in 2009. So far, gold has ignored the call for another correction. Watch that 200-day MA, which stands at 1542.
By: Tyler Durden - Zero Hedge
Reminiscent of the media's coverage of oil in the 2000-2008 period, gold has produced a multi-year stream of thoughtless op-eds and repetitive storytelling. If readers can recall how many times the bull market in oil was dubbed "over" leading up to the crisis of 2008, then gold has been in a "bubble" for at least as many years, if not longer.
The seminal piece to this genre was Willem Buiter's November 2009 Financial Times of London essay, Gold - A Six Thousand Year Bubble. That piece would be used as a template by other, lesser writers in the two years that followed. Consider this 2010 tracker-chart of opinion, emanating this time from New York:
By: James Turk - King World News
With gold and silver continuing to consolidate, today King World News interviewed James Turk out of Spain to get his take on the ongoing financial crisis and where gold and silver are headed from here. When asked about the rising fear of bank failures, Turk responded, What we are seeing is an increasing awareness of countrerparty risk. People are more clearly understanding the risks in the banking system and the insolvency of many major banks. As a consequence they are fleeing out of fiat money and this is a trend that will accelerate.
By: Bud Conrad - Casey Research
Foreign central banks buy US Treasury and Agency debt through accounts at the Federal Reserve, where it is held in custody. Without these central banks buying our debt, the US federal government would have to find a new source of funds or the result could be higher interest rates. Looking at the data on a monthly basis (and then multiplied by 12 to give the annual rate), here is the dramatic picture of how foreign central-bank purchases of our debt have shifted, from buying $500 billion to selling off $1 trillion. At this rate of selling over several months, interest rates would go higher if other things were equal. Of course, things are not equal because the Fed has been forcing rates lower with its massive QE2 and other programs. QE 2 was $600 billion over nine months, or an annualized rate of $800 billion per year. Since foreigners are selling off our government debt, Fed purchases of government debt are even more necessary.
By: Jim Rickards - King World News
With gold and silver continuing to consolidate, today King World News has released the eagerly anticipated audio interview KWN Resident Expert Jim Rickards, Senior Managing Director at Tangent Capital Markets. Jim Rickards had a great deal to say about the gold market. Rickards stated, The Fed has been systematically trying to destroy the US dollar. Inflation is like a thief in the night that breaks in while you are asleep. Inflation is very sneaky and people arent as aware of it. Sophisticated people are, insiders are and people who see it coming know how to hedge against it, but average Americans dont and they are victimized by it.
By: Jeff Clark - Casey Research
By almost any measure, gold stocks are undervalued. Should we load up?
After completing my research on this question, Im convinced more than ever that we at Casey Research are in the right place. See if you agree
Lets first get a handle on the degree of undervaluation. The more undervalued, the lower the buying risk. A fairly valued stock, on the other hand, requires added caution.
Gold accelerated higher last month, peaking around $1,900/ounce, while gold stocks lagged. Heres a chart of the HUI-to-gold ratio (HGR). In a rising gold environment, a climbing HGR indicates that gold stocks are outperforming the metal; a falling HGR means theyre trailing gold.
By: Martin Armstrong - King World News
With continued turmoil in global markets, King World News interviewed internationally followed Martin Armstrong, Founder and Former Head of Princeton Economics International, Ltd.. Armstrongs firm rose to be perhaps the largest multinational corporate advisor in the world. When asked what to look for going forward, Armstrong told KWN a fascinating account of what led to the 87 Crash, When Volcker raised interest rates to crazy levels, the discount rate up to 17% going into 1981, a tremendous amount of capital starts coming from overseas into the United States. So that drives the dollar up going into 1985 to a point where the (British) pound had fallen from 2.40 to par vs the dollar.
By: Geoff Candy - Mineweb.com
Europe's financial health is getting worse and it is likely that the group of nations will need to find as much as $2 trillion in fresh money to stabilise the currency.
And, despite continued resistance to the notion, most recently from Slovakia, a failure to do so could well lead to a 1930s style depression in Europe.
Speaking on Mineweb.com's Gold Weekly podcast, Franco-Nevada Chair, Pierre Lassonde, said that he does not see the healthy countries in the region, like France and Germany allowing this to happen. Instead, they will find the resources to throw money at the problem and, in the process, "there will be massive monetisation of debt."
By: Bud Conrad - Casey Research
Foreign central banks buy US Treasury and Agency debt through accounts at the Federal Reserve, where it is held in custody. Without these central banks buying our debt, the US federal government would have to find a new source of funds or the result could be higher interest rates. Looking at the data on a monthly basis (and then multiplied by 12 to give the annual rate), here is the dramatic picture of how foreign central-bank purchases of our debt have shifted, from buying $500 billion to selling off $1 trillion. At this rate of selling over several months, interest rates would go higher if other things were equal. Of course, things are not equal because the Fed has been forcing rates lower with its massive QE2 and other programs. QE2 was $600 billion over nine months, or an annualized rate of $800 billion per year. Since foreigners are selling off our government debt, Fed purchases of government debt are even more necessary.
By: Michael Maloney - Casey Research
In this video excerpt from the Casey Summit When Money Dies, Rich Dad advisor Mike Maloney explains how currency is created, "fractional reserve banking," and why our banking system is a pyramid scam of epic proportions.
By: John Hathaway - King World News
With gold and silver blasting higher, along with the mining shares, as the Dow plunged over 200, today King World News interviewed four decade veteran, John Hathaway, the prolific manager of the Tocqueville Gold Fund. When asked about the tremendous action in both gold and silver, Hathaway replied, Get used to it, we are going to see $50 and $100 days both ways. To me we have had our correction, shook out a lot of people and now there is sellers remorse. Now those people are not able to get back in except by paying a higher price, so this is classic bull market action.
By: Bill Fleckenstein - Financialsense.com
This weekend's New York Times carried a story that was worth noting, not because regular readers aren't aware of it, but because it is a problem we are going to see replayed over and over in various cities, counties, and states over the next few years. Headlined, "The Little State With a Big Mess," the story is author Mary Walsh's chronicle of Rhode Island's financial plight in which she notes, "As Wall Street fixates on the financial disaster in Greece, a fiscal wreck is playing out right here. And the odds are that it won't be the last. Before this is over, many Americans may be forced to rethink what government means at the state and local level." She is exactly right about that.
By: John Roque - King World News
With gold above $1,650, silver near $32 and the stock market rallying, King World News interviewed John Roque, Managing Director of WJB Capital Group out of New York. KWN wanted to get Johns thoughts on where he sees the precious metals, mining shares and general equities headed. When asked about the mining shares, Roque said, We have heard for a long time that the mining shares are cheap and some mining shares acted very well and maybe they are no longer as cheap, but as a whole we continue to hear that miners are cheap relative to the underlying metal.
By: Doug Casey - Casey Research
video snippet of Doug Casey from the summit "When Money Dies"
Eric Sprott discussing silver on the Financial Sense News Hour
By: Jim Rickards - King World News
With KWN reporting on the recent intensity of Chinese buying, today King World News interviewed KWN Resident Expert Jim Rickards, Senior Managing Director at Tangent Capital Markets. When asked if the policy by the West to manipulate the gold market was unwise because Western vaults are being emptied of gold and subsequently filling Eastern vaults, Rickards replied, Well I agree, from a national security point of view its reckless. Im not saying the Chinese shouldnt be allowed to have any gold, they should have gold, but they should get gold in a system that is gold backed. In other words if you had a gold based monetary system then everybody would have an interest in sound money.
By: Alfred Cang and Tom Miles - Financialpost.com
SHANGHAI/BEIJING China revealed on Friday that it had secretly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tonnes or a pot worth about US$30.9-billion and confirming years of speculation it had been buying.
Hu Xiaolian, head of the State Administration of Foreign Exchange, told Xinhua news agency in an interview that the countrys reserves had risen by 454 tonnes from 600 tonnes since 2003, when China last adjusted its state gold reserves figure.