Gold Bull Market

Goldrunner: Has Gold Topped? Nope, You Ain’t Seen Nothing, Yet!

Filed in BP, Gold, Gold Bull Market, o, silver by on January 15, 2011 0 Comments

A Gold Bull Market is much like a bucking bronco in the Old West – constantly trying to buck investors out of the saddle – as many in the Precious Metals universe are calling an intermediate-term top for Gold. Some are even suggesting that we have seen the final top in the Historic Gold Bull. We have a completely different view maintaining that we are very close to the juncture where Gold starts another rip higher into May or June. Let me explain. Words: 908

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Jon Stewart on the Nanny State

I found this one over on the Lew Rockwell Blog . They hate the Nanny State as much as I do. It’s by our old friend Jon Stewart. These days his show is the closest thing to what used to be known as an “investigative journalism”. Comedian or not….this guy nails it time after time….after time. It’s a funny way to end the week… The Daily Show With Jon Stewart Mon – Thurs 11p / 10c San Francisco’s Happy Meal Ban www.thedailyshow.com Daily Show Full Episodes Political Humor & Satire Blog The Daily Show on Facebook The sad part is that it’s true. Have a great weekend. Related Articles: Jon Stewart’s Big Bank Theory Jon Stewart on the Foreclosure Fiasco Jon Stewart’s “Nightmare on Wall Street” Jon Stewart’s Poorhouse Jon Stewart On 40 Years of Broken Energy Promises Jon Stewart’s “Nightmare on Wall Street” To learn more about Wealth Daily click here Advertisement The Next Gold Mining Breakthrough This tiny gold company is about to rewrite the book on mining exploration… And they’re doing it just in time to catch the biggest gold bull market in a generation. Make over 10,800% as this Nevada mining company breaks all the rules… and all the records. Learn more here. Jon Stewart on the Nanny State originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Zillow: Another $1.7 Trillion to the Downside in Housing

Zillow: Another $1.7 Trillion to the Downside in Housing

My pal Charlie is as persistent as the sunrise. So when he called me last week to give me a hard time about my 2011 Housing Market Forecast the only surprise was it that took him so long. Twenty-four hours after it hit the web I saw Charlie’s number go up on line one. You see, a real estate agent by trade, he never misses a chance to call me an idiot when in his eyes I “bad mouth the American Dream” The result has been five-year running dialog in which I have bested him every single time. The guy is a glutton for punishment. So like a good pal I answer the phone anyway even though I know I’m in store for the rerun of my nightmares. “Steve,” he says, “you can’t be serious.” “As a heart attack,” I answer, “Like it or not dude there is still another 8-10% downside.” This obviously drove him to distraction since he must have forgotten the 100 or so conversations we already had that were exactly like this one. “Not a chance this time son. There has never been a better time a house”, he told me with what I can only guess was straight face. From that point on I knew I was just wasting my time again. The dude may have been great scrum-half but he didn’t know jack about the laws of supply and demand. In fact, I don’t think they actually teach that real estate school but I hear the Kool-aid is top notch. Meanwhile, the mountain of evidence against my friend continues to mount. From Bloomberg by By Hui-yong Yu entitled: U.S. Home Values May Drop by $1.7 Trillion This Year: Zillow “ U.S. home values are poised to drop by more than $1.7 trillion this year amid rising foreclosures and the expiration of homebuyer tax credits, said Zillow Inc., a closely held provider of home price data. This year’s estimated decline, more than the $1.05 trillion drop in 2009, brings the loss since the June 2006 home-price peak to $9 trillion, the Seattle-based company said today in a statement. The drop in home values pushed more buyers underwater, meaning they owe more on their mortgages than their homes are worth, Zillow said. The percentage of homeowners with so-called negative equity reached 23.2 percent in the third quarter, up from 21.8 percent at the end of 2009. “ With foreclosures near an all-time high in late 2010 and high rates of negative equity persisting, it does not appear that the first part of 2011 will bring much relief,” Stan Humphries, Zillow’s chief economist, said in the …

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Profit from Currency Wars

Profit from Currency Wars

Right now, the world is going through a massive economic re-balancing. The old idea that China will sell us stuff— while lending us the money to buy it — is unwinding. In fact Ben Bernanke has declared a currency war on China’s undervalued RMB. Good ol’ Ben says we can make the dollar cheaper than the Chinese yuan, and he aims to prove it. The Fed recently proclaimed its desire to create and buy $600 billion in U.S. Bonds. “The FOMC intends to buy an additional $600 billion of longer-term Treasury securities by mid-2011 and will continue to reinvest repayments of principal on its holdings of securities, as it has been doing since August,” said Bernanke. Ben is taking this approach because it works right up until it doesn’t. It worked after the past five bubbles popped, and it looks to be working this time. When Ben floated the idea of a $600 billion cash infusion, stock prices rose and long-term interest rates fell in anticipation. I know some of you will point out that the RMB is pegged to the dollar, and therefore the dollar can’t fall… But it does cause an inflation problem in China, which is a de facto re-balance. According to Bloomberg , “Over the past five years the real-estate prices have tripled. And as property makes up a third of living costs on average, this alone means the real yuan value has doubled.” Chinese Commerce Minister Chen Deming said as much in an interview on October 26th: “Uncontrolled” issuance of dollars is “bringing China the shock of imported inflation.” Chinese poor There are some downsides to printing more dollars. For example, easy money just creates the next bubble, and currency destruction doesn’t create wealth. China has been holding down its currency for years. It now has the world’s second largest economy; but in terms of per capita income, it ranks at 102 — right behind Turkmenistan, Algeria, and El Salvador. Clearly, an artificially low currency isn’t a path to prosperity… But it does lead to a boom in all asset classes. There used to be an inverse ratio of commodities to equities. When one went up, the other went down. In the 1970s, when gold was flying, stocks were dead in the water. In the 1980s, the reverse occurred. In the mid-2000s, when Federal interest rates fell, stocks went up, gold went up, housing went up, oil, uranium, copper— everything went up… This was a direct result of easy money. Now, due to 0.25% Fed interest rates and $600 billion in QEII, almost every asset will continue to go up — with the exception of your salary and your returns on your bank account. And to top it off, the U.S. isn’t alone. The rest of the world from Europe to Brazil is increasing the global money supply. The question isn’t whether low quality growth can work, because it does. Easy money and debt have funded the past twenty-five years of U.S. growth. The question is, How do you keep up with it? The tunnel of doom When I was a kid riding in…

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Future Headline: Gold up $100 Today as U.S. Dollar Crashes

Filed in African Gold, Gold, Gold Bull Market, Indonesian Gold by on November 4, 2010 0 Comments

Profit Confidential, the popular stock market e-letter predicts gold bullion could rise over $100 a day when the third phase of the gold bull market sets in. According to Profit Confidential, “the popular media is slowly starting to …

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George Soros’ $32.6 million Junior Platinum Stock Investment

Speculators who bought platinum just 24 months ago have already seen investment profits up to 124%. Similar metals, like palladium , have returned even bigger investment gains up to 286%. Driving these profits, phenomenal demand from the recovering global automobile industry has conquered the attention of investors. The potential for platinum and palladium has even allured some of the biggest names in investing— including George Soros, who just upped his stake in a junior platinum and palladium stock by nearly 1,000%. Here’s the whole story… Advertisement The Next Gold Mining Breakthrough This tiny gold company is about to rewrite the book on mining exploration… And they’re doing it just in time to catch the biggest gold bull market in a generation. Make over 10,800% as this Nevada mining company breaks all the rules… and all the records. Learn more here. George Soros just bought this junior platinum stock Billionaire investor George Soros abruptly raised his stake on Monday in Platinum Group Metals Ltd. (AMEX: PLG and TSX: PTM ) , a Vancouver-based junior mineral development firm. In a filing with the SEC, Soros Fund Management increased its holdings in Platinum Group Metals from 1.5 million shares in early October to a 15.5 million share position in the company this week — a whopping 933% increase. The Soros Fund now owns 9.73% interest in Platinum Group Metals. The fund’s position is currently worth $32.6 million. Platinum Group Metals Ltd. Company: Platinum Group Metals Ltd. Corporate Presentation Exchange: NYSE and TSX Symbol: PLG and PTM Share Price: $2.10 Shares Outstanding: 159.3 million Market Cap: $334 million Fully Diluted: 172.5 million Website: www.platinumgroupmetals.net Platinum Group Metals controls a significant land position in the Bushveld Igneous Complex of South Africa, which hosts 80% of the world’s platinum and palladium production. The company is focused on moving its high-grade, near-surface Western Bushveld Joint Venture platinum/palladium deposit into production. The Western Bushveld Joint Venture is a unique project, and likely to be one of the last large-scale near-surface developments on the high-grade Bushveld Complex. In Platinum Group Metals’ Western Bushveld Complex, two projects contain nearly 15 million ounces of platinum group metal reserves and resources. These mineral resources are primarily platinum (64%) and palladium (26%), but also include rhodium (7%) and gold (3%). Advertisement Most Important 500 Square Miles on Earth Becomes Private Property It was a stretch of barren landscape just a couple hundred miles away from the North Pole… But locked within it sat a 50-year supply of the most important class of industrial metals known to man. Earlier this year— for the first time ever — a single company took hold of this land… And altered the course of the world’s high-tech market forever. Learn more here. A feasibility study has been completed for the Western Bushveld Joint Venture projects. The study showed it would cost approximately $443 million and take two years to construct a mine, and another …

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Gold: The Stages of a Mega-Bull Market

Gold: The Stages of a Mega-Bull Market

Filed under: Major Movement , Newsletters , ETF Investing , Commodities , Stocks to Buy , Recession “We hear that gold is in a bubble, it can’t rise much further and so on,” content resource experts Mary Anne and Pamela Aden . The co-editors of The Aden Forecast explain, “Many wonder, why is it even rising so much? For that, you have to look at history from a global perspective and it’ll provide the answer. “We’ve often pointed out that gold is money. It has been for thousands of years. Paper money is not really money and there isn’t one paper currency that has survived over time. Continue reading Gold: The Stages of a Mega-Bull Market Gold: The Stages of a Mega-Bull Market originally appeared on BloggingStocks on Tue, 26 Oct 2010 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Investors vs. The Machines

Filed in Gold, Gold Bull Market, Gold Company, Gold Market, Gold Mining by on September 28, 2010 0 Comments
Investors vs. The Machines

By some estimates, algorithmic trading now make up 70% of total U.S. stock market volume. Proponents of algorithmic and high-frequency trading (HFT) say they offer major benefits — improved liquidity, mainly. They say investors will get better pricing when they buy and sell stocks, due to a smaller “spread” — the difference between a stock’s ask and bid price. A few pennies difference, at best. This benefit seems miniscule compared to the risk — which we saw firsthand during the ” Flash Crash ” back in May, as the Dow Industrials dropped 600 points in just a few minutes. There is little doubt that trading programs gone wild were responsible for the Flash Crash. Even industry insiders are warning about the dangers of algo and HFT trading. David Weild, former Vice Chairman of the NASDAQ, recently warned of abuse by algo traders. Here he is, as quoted by The Atlantic : It is increasingly clear that there are quite a number of high-frequency bandits in the high- frequency-trading community who pump up volume statistics, front-run investor orders, increase transaction costs, and hurt real liquidity. Clearly, the risk of another Flash Crash isn’t the only thing for investors to worry about. For example, trading programs increase volatility, sometimes causing wild fluctuations in individual stocks. That means trading stops — one of the best ways for investors to protect themselves — are more likely to be triggered needlessly. Hypothetically, one could make a trading program specifically designed to trigger stops. Muscle a stock in one direction, which will trigger stop orders, and more buying or selling; then take profits as the stock corrects. The possibilities are endless, and programs are constantly evolving. There are even rumors of algorithms designed specifically to target their lesser competing algorithms. And then there’s high-frequency trading, an increasingly large (and dangerous) part of the machine-trading world. HFT firms “co-locate” their servers next to the exchange’s own, and use this physical proximity to gain a millisecond advantage over everyone else. They have been accused of front-running other market participants’ orders. In other words, they learn when someone is about to buy or sell a stock, and execute the trade milliseconds before them. Minimize your risk Here are a couple ways investors can protect themselves in this rigged game: 1) Buy high-quality stocks for the mid- to long term. Buy and hold isn’t dead; you just have to pick the right stocks. 2) Traders who actively monitor their portfolios may want to avoid using stop orders. This can prevent accidental selling due to an overzealous algorithm. However, mental stops are still an important way to protect gains and avoid major losses. This technique should only be used by traders who have the discipline (and time) to employ mental stops. 3) Avoid

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Investing in Yukon Gold Stocks 2011

The rush to find gold in the Yukon Territory is surging once again! It’s been 113 years since the famous Klondike Gold Rush of the late 19th century… Now, a new Yukon Gold Rush is on as one geologist is leading the way for a discovery of up to 200 million ounces of gold. For investors, this discovery will provide a long series of lucrative opportunities to profit from Yukon gold stocks. And those who invest now will be best positioned to profit as the story unfolds over the next several years. In this report, I’ll introduce you to the geologist who is trailblazing the new Yukon Gold Rush— and tell you how to prepare yourself to take advantage rising share prices. But before we talk about that, let me tell you exactly where geologists are looking for the yellow metal in the Yukon… Advertisement The next big play of North America’s Oil Comeback Breakthrough drilling technology has turned an abandoned Alberta oil field into the hottest energy territory in the Western Hemisphere … And one $4-a-share company is positioned for the lion’s share of the spoils. Click here for the on-site proof that 1,239% gains await early investors . The Yukon’s 200 million ounces of gold The Yukon gold deposits are the …

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Pitchforks and Torches

Filed in dividend, Gold, Gold Bull Market, Gold Market, lead, miners, mongolia, silver by on September 18, 2010 0 Comments
Pitchforks and Torches

Welcome to the Wealth Daily Weekend Edition— our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. Grab your bullhorn and climb to the top of the barricade — the 2010 mid-term elections are shaping up to be a doozy. With the guillotines at the ready, a large slice of the voters are mad as hell, and they’re not going to take it anymore. All of which sends my libertarian heart aflutter, as the establishment shakes in its muddy boots. And while there is no monolithic figure like Louis XVI to topple this time, it’s clear now that come Nov. 2nd , heads will roll. Advertisement Gold’s “Louisiana Purchase” Not long ago, the world’s largest uranium giant practically gave away billions of dollars worth of gold to one small exploration company… for only $250,000! Before their next set of drill results are posted, find out how this rare opportunity could easily triple your money by September! Click Here For Your Free Report Now! Just ask Mike Castle or Bob Bennett. They’ll tell you it’s “a sign of the times.” But that is what happens when you shake the bourgeois from their complacent slumber. Suddenly, the Third Estate decides to storm the Bastille. It’s as if they have re-discovered the document that famously begins: “ When in the course of human events…” Or have taken the time to re-read this passage from over 20 years ago. In his farewell address , then-President Reagan wrote: Ours was the first revolution in the history of mankind that truly reversed the course of government, and with three little words: “We the people.” We the people tell the government what to do, it doesn’t tell us. “We the people” are the driver, the government is the car. And we decide where it should go, and by what route, and how fast. Almost all the world’s constitutions are documents in which governments tell the people what their privileges are. Our Constitution is a document in which “We the people” tell the government what it is allowed to do. “We the people” are free. And in the worst economic crisis of their lifetime, who can blame them? After all, it’s been quite a bumpy ride from euphoria to sadness over the last four years… Of course, how all of this anger plays out in the markets is all part of the greater guessing game… But if history is any guide, the market may be in store for a bullish upswing. According to data compiled by investment firm Birinyi Associates, in midterm elections dating to 1962, the S&P 500 has risen an average of 2.35 percent two months prior to the election, and added gains of 7.46 percent in the three months that followed. That’s roughly a 10% gain overall, which would make …

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Gold Fields Targets Annual Production of 1 Million Ounces from South Deep

Gold Fields Targets Annual Production of 1 Million Ounces from South Deep

Gold Fields (NYSE: GFI ), one of the largest unhedged gold producers in the world, is working on plans to increase gold production at its South Deep Mine to 1 million ounces a year, making it South Africa’s largest gold mine. The South Deep Mine began initial gold production in December 2006 and produced 163,000 ounces of gold during it first year of production. In 2009, gold production from South Deep fell from the previous year to 175,000 ounces. This year, Gold Fields expects to increase South Deep gold production by 71% to 300,000 ounces. South Deep Mine The company is spending 8.5 billion South African rand (US$1.2 billion) to get the South Deep Mine into full production by 2014, when it is expected to yield 800,000 ounces a year. After that Gold Fields’ vice-president in charge of the South African region, Vishnu Pillay, says the company is looking at ways and means to bump gold production from the South Deep Mine over 1 million ounces per year. The company plans to increase annual gold production from all of is South African mines to 2.2 million ounces by 2015. However, some analysts doubt this target can be met. Referring to the 2.2 million ounce annual South African gold production target, Citigroup’s Johann Steyn wrote in July: In our view, achieving this target is unlikely as the majority of gold mining projects of late have taken between six to eight years to move from conceptual phase into production. Also, Gold Fields has struggled just to keep production constant over the past 10 years, despite previous growth ambitions and a fourfold increase in its capital expenditure. As a result, we cannot help but caution that these growth targets are unlikely to be achieved. Despite pessimism from some analysts, others are bullish on Gold Fields’ business strategy. Gold Fields was recently upgraded from Equal Weight to Overweight by Morgan Stanley. To reach the 800,000 ounce per year target, the company is upgrading its processing facility to handle 330,000 tonnes a month. To achieve the 1 million ounce per year target, Gold Fields will need to expand the South Deep plant capacity to process 450,000 tonnes a month. With a focus on Africa, and Australiasia, the company is an important exporter of gold to India, where the demand for the yellow metal is soaring as investors seek a safe haven against financial woes. I recently published a new report for Wealth Daily that discusses the investment highlights mining companies that are working in countries that export gold to India. You can read my latest report for free by clicking here or finding it on the Wealth Daily website called: India’s Gold Bull Market . Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Gold Fields Targets Annual Production of 1 Million Ounces from South Deep originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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George Soros Clueless on Gold and "Ultimate Bubble"

George Soros seems to be clueless on gold and his obsession with it being the “ultimate bubble.”Soros doesn’t seem to understand the reason there’s support under gold and why that will continue for a long time.He said to Reuters, “I called gold the ultimate bubble which means it may go higher but it’s certainly not safe and it’s not going to last forever,” although reluctantly admitting it’s the

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