Investment News
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.
When Will Silver Reach a New High?
By: Andrey Dashkov - Casey Research
In last week's Metals, Mining, and Money from Casey Research, Jeff Clark estimated that given the magnitude of the correction that started last September, it may take until May 2012 for gold to reach a new high. Let's take a look at how long it may take for silver to rebound.
It's a commonly known fact that silver is more volatile than gold. Already in this decade, silver has risen by a factor of 12 from its ten-year low ($48.70 vs. $4.07), while gold has seen about a sevenfold climb ($255.95 vs. $1,895).
This volatility as you'll see in a minute holds for corrections as well. On average, silver's retreats have been deeper and longer than gold's. The three big gold corrections we looked at last week averaged 22.8%. Take a look at the three biggest for silver, along with how long it's taken to recover and establish new highs.
Richard Russell: COMEX Gold & Silver Shorts in Do-or-Die Battle
By: Richard Russell - King World News
With gold and silver consolidating recent gains and the Dow closing yesterday near the 12,700 level, the Godfather of newsletter writers, Richard Russell, had this to say in his latest commentary: The character of the market is improving. Volume on Friday's buying was the strongest of the year with upside volume being 85% of total upside plus downside volume. The negative spread between Lowry's downside and upside volume contracted from 190 last Friday to 169 yesterday, a huge improvement.
Marc Faber - Bloomberg Tv 22 Jan 2012
Ben Davies - Funds Will Pile into Gold after Missing the Rally
By: Ben Davies - King World News
With gold closing the week at the $1,665 level and silver at $32, 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 what he is focused on right now, Davies remarked, Were looking at this year being a year of sovereign defaults. Thats where Im focused and from that I have to try to derive what asset classes are going to do. I think of the monetary system, at the moment, as a coin. There are flip sides of the coin and one side is credit, deleveraging or deflation as I call it.
Mike Maloney Hit It Out Of The Park - Gold, Silver & Debt Based Monetary System
Turk - 2012 to See Much Deeper Banking & Currency Collapse
By: James Turk - King World News
Today James Turk informed King World News that we are now headed into a vortex, and the Lehman event was a warm-up to a much deeper, widespread crisis and collapse which lies ahead. Here is how Turk described the warning signs and what to expect: There are all of these warning signs out there and few people are paying attention. For example, hardly anyone cares that the US has lost its AAA rating and most dismiss it as a non-event. But even a cursory look at the US governments financial position should raise investors concerns that it will not be able to meet all of its obligations.
When Will Silver Make a New High?
By: Andrey Dashkov - Casey Research
In last week's Metals, Mining, and Money, Jeff Clark estimated that given the magnitude of the correction that started last September, it may take until May 2012 for gold to reach a new high. This week let's take a look at how long it may take for silver to rebound.
It's a commonly known fact that silver is more volatile than gold. Already in this decade, silver has risen by a factor of 12 from its ten-year low ($48.70 vs. $4.07), while gold has seen about a sevenfold climb ($255.95 vs. $1,895).
This volatility as you'll see in a minute holds for corrections as well. On average, silver's retreats have been deeper and longer than gold's. The three big gold corrections we looked at last week averaged 22.8%. Take a look at the three biggest for silver, along with how long it's taken to recover and establish new highs.
Topping Dollar Likely Catalyst for Gold Breakout
By: Chris Puplava - Financialsense.com
There are many moving parts to the gold story, all displaying varying degrees of influence over time given the ever-changing nature of correlations. What appears to have had the strongest affect on the price of gold over the last six months has been the USD and open interest in gold futures, while negative real interest rates have had no correlation. Although trends in speculative interest for gold (open interest) are difficult to forecast, it is far easier to predict trend changes in the USD. With that in mind, the dollar appears to be forming an intermediate-term top, which would have bullish implications for the price of gold ahead
Jim Rickards - War With Iran has Begun, Gold to Break $2,000
By: Jim Rickards - King World News
With oil near $100, gold and silver on the move and many people worried about what is going to happen with Iran and the Straits of Hormuz, today King World News interviewed resident expert Jim Rickards. Rickards negotiated the release of US hostages from Iran in 1981. His advisory clients include government directorates around the world and he is heavily involved in US national security issues and the Department of Defense.
Rickards has also gained international recognition for his deadly accurate predictions regarding moves by central planners. This is what Rickards had to say about the situation in Iran: Eric, this really could not be more serious. The fact that we, meaning the United States, are on a path to a war with Iran is very clear at this point. It does seem the countdown has begun and its coming to a head sooner rather than later.
Marc Faber - 2012 European Crisis!
Jim Sinclair - 5 Major US Banks Could Fail From Derivatives
By: Jim Sinclair - King World News
With gold rallying toward the $1,650 level, today King World News reached out to legendary trader Jim Sinclair to get his take on what is happening. Jim Sinclairs KWN audio will be released today and when asked if the technical damage that many claimed existed in the gold market was a bit of nonsense and a scare tactic by the cartel, Sinclair stated, Exactly, correct. (It was) a product of algorithms, of manipulation, of chart drawing, a product of the times. They (the commercials) will sell again at $1,681, but its just more delay in a drama.
The accordion chop that weve been in over the last month or two is over and the downside risk of buying gold on reactions is now cancelled. Its never impunity if impunity implies credit because the margin man will get you. But in terms of buying gold on a dip, the idea that you might face a 300 point (dollar) drop in the market is completely over. There is belief (in the gold market), but the belief is coming from a very monied, very influential, inside type of activity that has taken place over the last two weeks.
European Downgrades: Will There Really Be a Fallout?
By: Bill Bonner - King World News
Melbourne, Australia On Friday, after the close of business in the stock market, S&P downgraded 9 European countries. Spain and Italy were both taken down another notch, leaving Italy with a BBB+ rating and Spain with an A.
But the headline damage was done to France, whose triple-A rating got downgraded to AA+. France had been rated AAA for 36 years.
The French bid adieu to their triple-A status said they didnt care about it, expected it, and didnt believe it anyway. But it was a blow, not just to the French but to the whole European experiment. France, with Germany, was one of the strong, big economies at the center of Europe. It was one of the economies the others were depending on to bail them out. Now, it looks like France may need its own bailout.
John Embry - Silver to Break $100 in 12 to 24 Months
By: John Embry - King World News
Many traders have been shocked as gold has already risen $120 off of the recent lows. But silver, which has been quiet for some time, may finally be ready to make a move. Today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management to get his take on where he sees gold, silver and the mining shares headed from here. When asked about the action in gold, Embry said, Well, I think its putting in a reasonable performance. Im not going to be excited by golds performance until it breaks away from the shackles of the gold cartel and goes up, on a given day, by $50 or $100. Day to day gains are still being limited to 2%.
Jim Rogers Greece Will Default!
Was 2011 a Dud or a Springboard for Gold?
By: Jeff Clark - Casey Research
2011 was remarkable in many ways for the precious metals markets. Gold soared to new highs in early September, hitting at an intraday record of $1,920/ounce on the fifth. Silver screamed to within a hair of $50 on April 28. Corrections ensued, and the metals ended the year on a disappointing note for silver and an underwhelming note for gold. Equities for the sector were down, to way down for junior ventures, logging their worst annual return since 2008.
James Turk - There is a War Going on in the Gold Market
By: James Turk - King World News
With continued volatility in both gold and silver, King World News wanted to speak with James Turk to get his take on the situation. Turk described what is currently taking place in the gold market as a war and he believes investors, like soldiers in a battle, must keep a cool head: There is a war going on with regard to gold and people are lined up on both sides. The central planners want gold to disappear, but gold is not going to disappear because its been money for 5,000 years. What the central planners and the manipulators and government agents and everybody else are doing is they are putting out a lot of anti-gold propaganda.
Doug Casey: "Its Getting Late in the Day to Diversify Politically, Capital Controls Are Coming" 1/2
Doug Casey: "Its Getting Late in the Day to Diversify Politically, Capital Controls Are Coming" 2/2
Rick Santelli - 2012 Will See Funding Crisis for Many Countries
By: Rick Santelli - King World News
With the dollar breaking to new recent highs, gold starting the new year strong and bonds near all-time highs, today King World News interviewed Rick Santelli, CNBCs Business News on-air Editor. When asked about maturing securities in both the US and Europe in 2012, Santelli responded, Yes, this is a big one. The best way to make banks in any country healthier is to have outside investors say, Wow, this looks good. I want to buy the bonds or I want to buy the banks or Im taking in deposits. Remember deposits have fled out of Europe. Thats why that big sucking sound, they need those swaps, they need dollars to fund some of these liabilities.
Jim Rickards - US to go to War with Iran, Oil & Gold to Spike
By: Jim Rickards - King World News
With investors concerned about the recent plunge in gold and silver and questions about what is going to happen with Iran and the Straits of Hormuz, today King World News interviewed KWN resident expert Jim Rickards. Rickards has gained international recognition for his deadly accurate predictions regarding moves by central planners. Rickards let KWN know that the US is headed to war with Iran: Yeah, its very serious, Eric, actually grave. The big thing to get right in this case is that Iran will not be allowed to have a nuclear weapon, period. Thats just not going to happen. Now we know they (Iran & its allies) are pushing towards it and so there is going to be a train wreck.
Von Greyerz - Gold Will Trade $3,000 - $5,000 in 2012
By: Von Greyerz - King World News
With the gold price tumbling, along with silver, today King World News interviewed the man who told clients in 2002, when gold was $300, to put up to 50% of their assets into physical gold, held outside of the banking system. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. When asked about the plunge in gold, von Greyerz said, Well, Eric, Im not really surprised because last time I talked to you I did say gold could go down to $1,550 support and maybe even $1,420. In my view that would be quite normal in a very thin market and I said that would probably happen by the year end.
By: Alena Bialevich and Jeff Clark - Casey Research
2011 was remarkable in many ways for the precious metals markets. Gold soared to new highs in early September, hitting at an intraday record of $1,920/ounce on the fifth. Silver screamed to within a hair of $50 on April 28. Corrections ensued, and the metals ended the year on a disappointing note for silver and an underwhelming note for gold. Equities for the sector were down, to way down for junior ventures, logging their worst annual return since 2008.
Jim Rogers Predictions for 2012
James Turk - What to Expect from Gold & Silver in 2012
By: James Turk - King World News
With 2011 coming to a close and investors concerned about the recent plunge in both gold and silver, King World News interviewed James Turk out of Spain to get his take on what to look for in 2012. When asked what investors in gold and silver should expect in 2012, Turk stated, Yeah, I think the big theme in 2012, Eric, is going to be the continuing problems here in Europe. Not only with the sovereign debts, but I think you are going to see increasing focus on the insolvency in the banks themselves. Thats going to be the big story in 2012.
Are You Tempted to Sell, or Eager to Buy?
By: Jeff Clark - Casey Research
It wasn't a fun week for gold. By the close on Friday, the metal was down 6.7% (based on London PM fix prices), the biggest weekly decline since September. It got downright irritating when the mainstream media seemingly rejoiced at gold's decline. Economist Nouriel Roubini poked fun at gold bugs in a Tweet. Über investor Dennis Gartman said he sold his holdings. CNBC ran an article proclaiming gold was no longer a safe-haven asset (talk about an overreaction).
While the worry may have been real, let's focus on facts. Have the reasons for gold's bull market changed in any material way such that we should consider exiting? Instead of me providing an answer, ask yourself some basic questions: Is the current support for the US dollar an honest indication of its health? Are the sovereign debt problems in Europe solved? How will the US repay its $15 trillion debt load without some level of currency dilution? Is there likely to be more money printing in the future, or less? Are real interest rates positive yet? Has gold really lost its safe haven status as a result of one bad week?
By: Jeff Clark - Casey Research
We've been saying since September that gold producers are undervalued, and here are some data that show just how extreme the undervaluation is.
The following chart measures the stock prices of major and intermediate gold producers against their Net Asset Value, based on the daily price of gold. In the simplest terms, a company should be worth more as the product it sells rises in price faster than the cost of those sales. In this case, gold has doubled in price over the past three years while costs have not kept up, dramatically increasing the intrinsic value of a reasonably well-run gold producer. Yet look what the stocks have done when measured against this higher value.
Fleckenstein - His Concerns About MF Global, Gold & More
By: Bill Fleckenstein - King World News
With mounting concerns about the MF Global collapse, gold trading down roughly $50 and silver falling more than $1, today King World News interviewed Bill Fleckenstein, President of Fleckenstein Capital, to get his take on the situation. Fleckenstein had some fascinating things to say about the MF Global disaster, but first he discussed the action in gold, Gold is volatile like anything is volatile. People tend to forget that when you have an $1,800 price, a one percent swing is $18. Today gold is down 3%, but it is part of what we see all the time. This happens often. I dont exactly know why its down $50 today, but it is what it is.
By: Olivier Garret - Casey Research
Editor's Note: Since Casey Research Senior Metals Analyst Louis James manages our metals portfolio albeit with guidance from Doug and input from the rest of our metals team and there's an important opportunity forming in metals at present, we thought we'd turn the tables and interview our interviewer.
Felix Zulauf - Watch Out for These Events in 2012
By: Felix Zulauf - King World News
With people having concerns about the viability of the financial system, continued turmoil in Europe and serious concerns about the United States, today King World News interviewed one of the greats, Felix Zulauf, of Zulauf Asset Management. Because of mounting worries around the world, KWN wanted to ask Zulauf what investors should expect in 2012. This is what Zulauf had to say about the coming year, I think the periphery goes into depression. When you look at a country like Greece, its now been in recession for three years. GDP is probably down 15% from the top. The stock market is down 90%, which is the equivalent of 1929 to 1932 in the US. This is depression-like.
Ben Davies - Your Country Needs Your Money
By: Ben Davies - King World News
In this piece, exclusively for the King World News blog, Ben Davies, CEO of Hinde Capital, gives KWN readers his take on what the central planners are up to and much more. In Davies brand new interview he also discusses how this will impact gold and silver prices and many other key factors influencing the markets.
By: Casey Research
It can be overwhelming to think about energy security in the United States. Fully 55% of the nation's oil suppliers are inherently unstable or are unfriendly toward it, while another 14% have declining production. As the world's biggest per capita consumer of oil, it's not a good situation.
By: Richard Russell - 321Gold.com
What To The Moon Will Look Like
By: Jeff Clark - Casey Research
This may sound sensationalistic, but I think the odds are very high that, on average, gold producers will sell in the $200 range before this bull market is over. With most of them trading between $20 and $40, the returns could be tremendous. And while the typical junior won't reach the same price level, their percentage returns will be much greater and potentially life-changing, as you're about to see.
The timing of this article may seem incongruous, given the recent weak performance of gold and gold stocks. But that was the identical situation in each of the past manias: both the metal and the equities didn't excel until the frenzy kicked in. The following documentation is actually a fresh reminder of why we think you should hold on to your positions or start accumulating them, if you haven't already.
Marc Faber - Be Careful, The Chinese Economy May Crash
By: Marc Faber - King World News
With the Dow rallying more than 400 points and gold trading up over $30, near the $1,750 level, today King World News has released the eagerly anticipated interview with legendary investor Marc Faber, author of the Gloom Boom and Doom Report. Faber warned KWN that the Chinese economy may crash and noted this will have a huge impact on various economies and markets, Well if we define a bubble as a period of excessive growth and artificially low interest rates, then China had a huge bubble. Usually bubbles are not deflated by a soft landing, but by a hard landing and this concerns me, actually, much more than the European situation.
By: Louis James - Casey Research
Welcome to the new Casey Daily Dispatch, starting with the inaugural edition of Metals, Mining, & Money, which will run on Mondays. Our technology and energy teams will contribute weekly editions as well, and Conversations with Casey will take the Wednesday slot, the same day that it has been published all along. Today, the Casey Metals Team has put together a digest of timely information on our sector, plus an upbeat article from BIG GOLD editor Jeff Clark just the sort of thing to shore up contrarian confidence during this downbeat swing in our market. This is not just a "feel-good" piece, but an important reminder of why we buy when others are selling.
My own take: there's nothing "wrong" with gold, nor our stocks. Big volatility is par for the course during the Wall of Worry phase of a bull market, and our strategy of buying in tranches and taking profits is designed to mitigate and make use of the market's bipolar swings. The key ingredient to success here is discipline. Stick with the program, don't get cocky, and above all be sure that you are prepared, psychologically and financially, to treat a big reversal as a buying opportunity. That's how you Buy Low and Sell High.
Rick Rule - Fed Bailout of Europe Sends Gold Soaring
By: Rick Rule - King World News
With news of the Fed bailing out the European banking system, today King World News interviewed one of the most street smart pros in the resource sector, Rick Rule, Founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. Rule had this to say about the situation, Pretty amazing isnt it? Weve decided as American taxpayers that we dont want to merely bail out brain dead American bankers, but we want to bail out brain dead European bankers too. Strange day, particularly from the point of view of a US dollar holder and a taxpayer.
By: TEKOA DA SILVA - Bull Market Thinking
With gold bursting at the seams today, I had another chance to speak with Peter Grandich, publisher of The Grandich Letter and author of, Confessions of a Wall Street Whiz Kid. Peter just issued a rare alert to his readers regarding gold and the stock market, and in todays interview, he shares his exclusive thoughts on why.
During the interview, Peter discusses why he feels todays European market intervention announced by Central Banks worldwide is the equivalent of throwing the kitchen sink at the fiscal problems of the worlda last ditch effort to support Europe and keep the markets functioning. Additionally, Peter sees the resulting surge in stocks to be the fabled Santa Claus rally, offering a great chance to start exiting ASAP. On gold, Peter pointed to his long-term target of at least $2350 oz., and discussed the importance of a potential short-term technical breakout setting up.
Gerald Celente - MF Global...What about Gold ETF GLD & HSBC?
By: Gerald Celente - King World News
Gerald Celente, Founder of Trends Research and the man many consider to be the top trends forecaster in the world, had some of his money in MF Global when the firm imploded. He is, understandably, not happy about it. KWN readers may not realize this but Celente would use a futures account to take physical delivery of gold and he was about to take delivery of gold on December contracts, One of my methods of buying (gold) is to buy futures contracts. I buy futures, build up enough money in the account and then take delivery on the gold. I had enough money in my accounts to take delivery in December, which is what I kept telling the broker over and over, that I was taking delivery in December.
The 2011 Gold Price: What Correction?
By: Jeff Clark - Financialsense.com
I've told more than one concerned investor that when the gold price falls, they should "come back in three months" and see if they're still worried. The idea is that the daily and monthly gyrations are nothing to fret over, that the price will recover and, in time, fetch new highs.
That advice has worked every time gold underwent any significant correction (except in late 2008, when one had to take a longer view than three months). Here's proof.
By: Tyler Durden - Zerohedge.com
It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.
The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.
What actually happened with MF Global
Is It a Good Time to Invest in Pipeline Companies?
By: Marin Katusa - Casey Research
Let's begin by positioning the sector. Investing in a pipeline company is similar to investing in a utility: Like electricity providers, pipeline companies operate in heavily regulated environments, and once they are up and running, pipeline operators enjoy stable cash flows from long-term contracts.
In an economy where uncertainty is the new norm and speculation is a more dangerous game than usual, investors are gravitating toward income-generating investments. However, it's not only the current economy that's pushing investors toward defensive stocks. As US baby boomers retire, they tend to reduce the risk levels in their investments and move toward steady-as-she-goes, income-generating stocks.
Peter Schiff - Gold Resilient Despite Paulson Selling
By: Peter Schiff - King World News
With gold and silver still consolidating recent gains, today King World News interviewed Peter Schiff, CEO of Europacific Capital. When asked about recent developments in the gold market, Schiff remarked, I thought it was interesting we found out that John Paulson eliminated at least a third of his position in the gold ETF GLD. So that took off some of the overhang. There were a lot of people that were worried and saying, Oh how is he going to get out? Thats going to be very disruptive.
Why Gold Should Set New Highs for the Holidays
By: Jeff Clark - Casey Research
Most gold followers know the metal has a seasonal tendency to perform better in the fall and winter than in the spring and summer. Indeed, since 2001, the annual high for the gold price has occurred after Labor Day every year except two (2006 and 2008). Further, that peak was hit in November or December in seven of the last ten years.
So, are we destined for new highs in the gold price between now and New Year's Eve? And what about gold stocks?
Lessons for Life and Investing with Author, Investor Jim Rogers 1/3
Lessons for Life and Investing with Author, Investor Jim Rogers 2/3
Lessons for Life and Investing with Author, Investor Jim Rogers 3/3
Jim Rickards - The US Wont Give Germany its Gold
By: Jim Rickards - King World News
With gold and silver surging higher along with stocks, today King World News interviewed KWN Resident Expert Jim Rickards, Senior Managing Director at Tangent Capital Markets. Recently, there has been speculation that Germany may want its gold back from the United States. When asked about the German gold stored in the US, Rickards responded, Well thats a really good question and this is really clouded in obscurity. Germany has been completely non-transparent about that information. We do know that Germany has about 3,000 tons. We also know there are 6,000 tons in the Federal Reserve Bank of New York and that gold does not belong to the United States.
Beta Investing: How to Grow and Maintain Family Wealth
By: Addison Wiggin - Daily Reckoning
11/11/11 Paris, France We agreed to write a book on family money, that is, on how families get and keep their fortunes over generations. We are completely unqualified to write the book, because our family never had any money. Still, it is a fascinating subject and the more we look into it, the more we write about it, the more we come to understand what it is all about. It is not about safe, conservative strategies. Instead, it is a manifesto for the most dynamic capitalism on the planet.
Rob Arnott - Defaults & Disorderly Contagion Around the World
By: Rob Arnott - King World News
With continued volatility in all the markets, King World News interviewed five time Graham & Dodd Award Winner, Rob Arnott, who oversees more than $80 billion as the Founder & Chairman of Research Affiliates. Rob sub advises the Pimco All Asset Fund and mutual funds and ETFs for Schwab, Powershares and Nomura. When asked about the latest crisis in Europe, Arnott stated, Its very simple, countries had an obligation to be fiscally solvent and to take responsibility for their own financial obligations. And all theyve done is thrown all of the Maastricht (Treaty) agreements out the window, which tacitly means that they are probably throwing the euro out the window.
Doug Casey talks to James Turk
Jim Rogers Interviewed on CNN
Rick Rule - Here is Why You Will See $2,500 Gold
By: Rick Rule - King World News
With gold and silver showing strength lately, today King World News interviewed one of the most street smart pros in the resource sector, Rick Rule, Founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. Rule had this to say about the gold market, Well you know me, Eric, I believe we are going to see continued volatility. So $40 and $50 up-moves and down-moves are background noise. I think gold goes higher, it probably goes substantially higher over the next 12 months.
Printing Money to Combat a Global Depression
By: Addison Wiggin - Daily Reckoning
11/07/11 Paris, France Last week produced nothing but more disappointment. At the center of it was the Europeans inability to make their debt disappear. They had hoped that they could just announce a plan to take care of it and that would be enough.
But then, the Greeks said they wanted to vote on it and then, they didnt. Papandenomium, the papers called it. If the voters were allowed to give their opinions everybody knew what would happen; the whole fix would be unfixed quix. So, they all got together and twisted Papandreous arms and his arms gave way.
Ben Davies - Gold & Silver to Hit New Highs Within Months
By: Ben Davies - King World News
With gold closing in on the $1,800 level and silver near $35, 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 gold and silver, Davies remarked, No doubt we cleared the market from the correction over the last month. In many ways you can say that we are responding to the easing of financial conditions by central banks around the world, from the ECB to the Swiss, to the Australians. Al have cut by 25 basis points or are indicating they will supply more currency to the markets.
Jim Rickards Says China Wants `High Price' to Rescue Europe
James Rickards, senior managing director of Tangent discusses the Chinese bailout of Europe
James Turk - What You Need to Know About Gold Suppression
By: James Turk - King World News
With central bank intervention in gold becoming widely accepted as reality around the globe, today King World News interviewed James Turk out of Spain to get his take on central bank interference in the gold market. Turk started by giving a brief lesson on the history of these failed manipulations, Yeah, its an important part of monetary history. It (the London Gold Pool) was established in 1961 by central banks around the world in order to try to make the Bretton Woods system, which had been created near the end of the Second World War in 1944, it was trying to make that system work.
John Hathaway, Senior Managing Director, Tocqueville Asset Management
By: John Hathaway - Casey Research
David Galland and gold fund manager John Hathaway discuss the disparity between gold stocks and bullion, as well as the general economic picture in the short term.
Economic Insights from a Lord of Finance
By: David Galland - Casey Research
Of all the social memes related to the economic and investment landscape, none is more dominant than that there is a small cadre of powerful Wall Street money men who, working behind the scenes, effectively control investment markets, the global economy and the politicians that play such a big role in that economy.
Whether you call them fat cats, greedy bankers, soulless manipulators or unindicted co-conspirators, the one sure thing, in the minds of most, is that they wield the power behind all thrones and that it is their whispered agreements, invariably made in darkened rooms full of cigar smoke, that decide the economic fates of us all.
Eveillard - Good Reasons Not to Trust Governments Today
By: Jean Marie Eveillard - King World News
With gold and silver trading strong, today King World News interviewed legendary value investor Jean Marie Eveillard, who oversees $50 billion at First Eagle Funds. When asked about his thoughts on where we are today, Eveillard stated, I think the long-term secular case for gold is still in place. Some people say after an eleven or twelve year bull market, arent we in a bubble? There is nothing to say that after twelve years the bull market is over. Look at the bull market in Treasury notes and bonds, its thirty years old. So there is no particular length of time that implies that a bull market or bear market is over.
Robin Griffiths - Silver is a Ten or Twenty Bagger From Here
By: Robin Griffiths - Casey Research
With gold and silver and mining shares rallying strongly, today King World News interviewed one of the top strategists in the world, Robin Griffiths of Cazenove out of London. Cazenove Capital is the appointed stockbroker to Her Majesty The Queen. When asked about the recent strength in gold Griffiths responded, The Indian Festival of Lights and wedding season have contributed to this rally in gold. The other issue right now is the referendum in Greece. Is this just another way of defaulting and leaving the euro or not? Regardless of how this all pans out there is going to be more paper money around and gold hedges that.
A Delusional Belief in Debt-Based Growth
By: Terry Coxon - Casey Research
Money market funds began as a bright and useful idea, became a habit, and recently have become a bad habit.
Money market funds were invented in 1971 as an innovative end-run around Federal Reserve Regulation Q, which prohibited paying interest on demand deposits. The purpose of Reg Q was to stifle competition in the deposit-taking business in order to benefit commercial banks at the expense, of course, of depositors.
Rick Rule - This Has Only Happened Twice in the Last Decade
By: Rick Rule - King World News
With gold and silver and stocks rallying strongly, today King World News interviewed one of the most street smart pros in the resource sector, Rick Rule, Founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. Rule had this to say about the market, I continue to think that one of the bright spots in this market for investors and speculators, with a 12 to 18 month outlook, is the disparity in pricing between gold and silver equities and physical gold and silver prices.
Rick Rule continues:
There have only been two times in the past ten years when, from our own calculations, gold and silver equities were attractively priced relative to the metal, that being 2001 and 2008. We are back strongly in that territory.
Mining for Gold on Wall Street
By: Addison Wiggin - Daily Reckoning
11/02/11 Baltimore, Maryland Many technical analysts are saying the gold and silver markets are breaking down. I say the precious metals markets are cracking up with laughter at the monetary shenanigans going on in the US, Europe and elsewhere.
Sure, gold and silver have suffered a sharp correction over the last few weeks. But so what; corrections always occur during long-term bull markets. Gold and silver are still cheap, which means that long-term investors cannot afford to ignore the recent weakness in the precious metals markets.
Fleckenstein - One or Two Year End Game for Money Printing
By: Bill Fleckenstein - King World News
With stocks tanking and gold and silver consolidate recent gains, today King World News interviewed Bill Fleckenstein, President of Fleckenstein Capital to get his take on where we are headed from here. When asked about the action in the metals, Fleckenstein responded, First of all gold was down in dollar terms but it was up in terms of many other foreign currencies. Sometimes people will say how can gold be down given whats going on, a lot of chaos. So if somebody has to liquidate their account because its related to MF Global or some other problem related to losses in another market, when there is this much chaos on any one day, what a market does on any one day doesnt tell you that much.
Chinese Silver Investment Going Parabolic
By: Dan Collins - Financialsense.com
When 1.3 Billion people start investing in something you might want to pay attention.
Chinese investment in silver has exploded since last year, with the trading volume going exponential. The China Daily reported today that the trading volume of silver forwards on the Shanghai Gold Exchange (SGE), China's only exchange for the precious metal, surged 751 percent year-on-year in 2010. Meanwhile, the volume in September of this year was more than six times that of the same period in 2010.
Adam Fergusson talks to James Turk
Ross Beaty: "Silver, the Schizoid Metal"
By: Ross Beaty - Casey Research
Ross Beaty, executive chairman of Alterra Power and serially successful mine finder, talks at the Casey/Sprott Summit When Money Dies about the differences between gold and silver, and why the silver price has gone up so much.
A Delusional Belief in Debt-Based Growth
By: Bill Bonner - Daily Reckoning
10/31/11 Paris, France Last week, the bull market continued. Investors were sure that the bailout of Europes wobbly debtors was a done deal. The details of the deal have yet to be worked out. Just details, of course such as whos going to pay for it and where theyre going to get the money.
That, and whether Europes 17 nations will go along with it when they finally figure out what it is. For now, nobody knows.
By: Andrew Sheng - project-syndicate.org
HONG KONG With world leaders meet at the end of this week at the G-20 summit in Cannes, France, the next economic minefield that they will face is already coming into view. It is likely to take the form of an opaque global credit glut, turbocharged by the fragile mixture of too-big-to-fail global banking with a huge and largely unwatched and unregulated shadow banking sector.
The Air Has Been Let Out Of The Balloon
By: theeconomiccollapseblog.com
Do you hear that sound? It is the sound of Europe being hit with a cold dose of financial reality. The air has been let out of the balloon, and investors all over the world are realizing that absolutely nothing has been solved in Europe. The solutions being proposed by the politicians in Europe are just going to make things worse. You don't solve a sovereign debt crisis by shredding confidence in sovereign debt. But that is exactly what the "voluntary 50% haircut" has done. You don't solve a sovereign debt crisis by pumping up your "bailout fund" with borrowed money from China, Russia and Brazil. More debt is just going to make things even worse down the road. You don't solve a sovereign debt crisis by causing a massive credit crunch. By giving European banks only until June 2012 to dramatically improve their credit ratios, it is going to force many of them to seriously cut back on lending. A massive credit crunch would significantly slow down economic activity in Europe and that is about the last thing that the Europeans need right now. If the deal that was reached last week was the "best shot" that Europe has got, then we are all in for a world of hurt.
James Dines - Governments Theft Forcing Violent End
By: James Dines - King World News
With gold and silver on the move along with stocks, today King World News interviewed legendary James Dines, author of The Dines Letter. Over five years ago James Dines said to me in an interview that before this cycle ends all fiat currencies would go to worthlessness. This was an amazing call on his part because within months of that interview we began to see competitive currency devaluations erupt. When asked about the collapsing purchasing power of currencies, Dines stated, It started with Japan. They pushed the Yen down against the US dollar so they could compete more aggressively. I said this would be a game of competing currency devaluations because other countries say if we make our currency less valuable that means we can sell more stuff overseas.
John Hathaway: Bullish on Gold and Gold Equities
By: John Hathaway - Casey Research
The end of 2011 is a golden opportunity to participate in an anticipated upside for mining equities, says Tocqueville Asset Management Senior Managing Director John Hathaway. We caught up to him at the Casey Research/Sprott Inc. Summit "When Money Dies" for this exclusive interview with The Gold Report. Hathaway predicted that once investors realize higher gold prices will stick, they will take a chance on the big upside waiting in the junior and senior space
John Hathaway: Bullish on Gold and Gold Equities
By: Jeff Clark - Casey Research
The following conversation took place between a friend's son and me; he's a bright but relatively young investor. He had purchased some gold based on some things I'd told his father. Shortly afterward, the price dropped hard. As you'll see, he was not very happy with my advice and said so in an email to me. So I called himRick Rule: "Bet against the dollar as a store of value"
By: Rick Rule - Casey Research
In this excerpt from the Casey Summit When Money Dies, seasoned resource investor/broker Rick Rule discusses risk management and explains why the greatest risk you face as an investor is located to the left of your right ear and to the right of your left ear.
Chris Martenson: We Can't Get More and More Out of Less and Less
Gerald Celente - Gold & Silver Bull Market Will Continue to Roar
By: Gerald Celente - King World News
With gold solidly above $1,700 and silver consolidating recent gains, 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, I make it very clear Im in gold & silver. I was just primarily in gold and now Im hedging with silver. Ive been following gold since 1978 on a daily basis. I remember very well that collapse of gold in 1980 and this is nothing like it. This is not a collapse as I see it, this is not a bubble thats bursting. A number of things were different back then from what is happening now.
