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bsiong
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03-Jan-2012 18:13
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January 02, 2012 • 23:36:56 PSTThere Is No Joy In Muddlethroughville: World's Biggest Hedge Fund Is Bearish For 2012 Through 2028, And Is Long Gold" You've got insolvent banks supporting insolvent sovereigns and insolvent sovereigns supporting insolvent banks," Read More |
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bsiong
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03-Jan-2012 18:10
Yells: "The Greatest Wealth is Health" |
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Last Updated :  03 January 2012 at 13:15 IST Gold and Silver gain on Iran nuclear development and Eurozone weakness    NEW YORK/MUMBAI (Commodity Online):  Precious metals are trading up on Tuesday after reports of Iran's nuclear development made investors put money in  Gold  and silver. At the COMEX, January Gold contract is trading up by $13.2 at $1579/oz while  Silver  January contract gained $0.245 to trade at $28.12/oz as of 9:54:25 PM CT. MCX Gold February contract is trading at Rs 27582 as of 12:15 PM IST, a gain of 0.72% while MCX Silver March contract is up by 1.31% at Rs 52000. Reports from Iran indicates that the country has successfully completed and developed its first nuclear fuel rod, which after the performance tests was inserted into Tehran's atomic reactor. Though the centre is claimed to use the same towards treating cancer, investors remain extremely worried that increasing sanctions and pressure from the US and EU could tip the country to take drastic measures. And this cloud of uncertainty seems to be supporting precious metals at the markets. Also supporting the PM's is the  Euro Zone manufacturing PMI, which remained under 50 in December-indicating that economies in the region are still contracting.   |
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bsiong
Supreme |
03-Jan-2012 14:51
Yells: "The Greatest Wealth is Health" |
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Tuesday, January 3rd 11:22 AM IST Silver gets off to a solid start in 2012Silver lost nearly 10 percent in 2011 as worries about the
global economy weakened prospects of industrial metals.  |
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bsiong
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03-Jan-2012 13:08
Yells: "The Greatest Wealth is Health" |
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Monday, January 2nd 03:08 PM IST 'Dragons' to lead China's gold sales in 2012Among them, the Lunar New Year Year of the Dragon gold bars became so popular that some of the jewellery shops, who normally didnt't sell gold bars, opened special sections for it.
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bsiong
Supreme |
03-Jan-2012 10:37
Yells: "The Greatest Wealth is Health" |
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    STI  |
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bsiong
Supreme |
03-Jan-2012 10:32
Yells: "The Greatest Wealth is Health" |
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Silver 2012 predictions: What do you think - bearish or bullish?Last Updated :  02 January 2012 at 17:05     By Commodity Online Silver is now however well below the $30 mark and is thus over 10% in the red from its peak. The huge gains in the first 5 months of 2011 were completely erased in 7 months that followed. A significant setback for the silver bull! So, how does the coming year look like? We must prepare ourselves as silver investors for the next 12 months and expect a similar volatility as we have seen in 2011? Where should you buy or where should you sell? Most of you would have been bombarded with many 2012 predictions in recent days, with most predictions ranging from as low as $10 to as high as $50. The truth , however, is somewhere in between. What do you think - bearish or bullish? Here are some silver predictions for 2012: David Morgan, publisher of Silver Investor,  still believes silver price will go above $50/oz in 2012. He forecast $65–75/oz silver by the end of 2012. David Morgan stated, “I don't see the silver price going above the $50/oz level in 2011. In other words, the top is in for this year, and has been for some time. I still believes silver price will go above $50/oz in 2012. I forecast $65–75/oz silver by the end of 2012. I don't foresee a big rush into price appreciation for gold or silver in the first quarter of 2012 (Q112), which is seasonal.” Eric Sprott, chairman of Sprott Inc. stated,  " I think the price should already be substantially higher, the trade should be 16:1 gold:silver ratio in 2012. That implies that at $1,600/oz gold, silver should be $100/oz. At $3,200/oz gold, silver should be $200/oz. The outlook for gold is phenomenal and silver is going to go up even faster. That is why I think that this next decade will be the decade for silver." James West, the editor of The Midas Letter and portfolio advisor of the Midas Letter Opportunity Fund,  isn't interested in timing the precious metals market—that's a good way to end up butchering perfectly good investments. He believes  Silver  price is going to be one-sixteenth of the  Gold  price so it's already undervalued by at least two-thirds. Gold and silver are both going to continue to appreciate. Also he agree with Sprott when he says that silver is going to outperform gold in 2012. Alasdair Macleod, Senior Fellow at GoldMoney Foundation,  also expects silver to take some bold leaps in the year upon us. In lieu of a dying fiat currency, Macleaod believes silver and gold will undoubtedly take the reigns as the financial currency of choice as the purchasing power of dollars, euros, pounds, and other currencies wanes. In these uncertain and changing times, more and more investors will be forced to invest their wealth in safer places. Macleod understands this, saying: “We don’t have very long left to live under fiat money. We’re on an accelerating road to a complete destruction of paper currencies, with only about two and half years left to go. The economic establishment is collapsing. On one hand it’s frightening, and on the other it’s very exciting.” Bank of America Merrill Lynch (BofAML)  estimated that there is a good upside potential in 2012  Silver  prices. As per the bank, prices should average $34/oz, followed by $37/oz in 2013, because of continued interest in the metal.  Barclays Capital  has bullish outlook for silver in 2102, an increase of 24% to $35 an ounce. Deutsche Bank  is forecasting $37 for silver in the first quarter, $39 in the second and $44 in the third and fourth quarters. --There are more (probably much more) than five Billion ounces of  Gold  bullion collecting dust in vaults around the world,  and more is added to the vaults everyday because more is mined than is used as jewelry or industry or investment products. --There is less (probably much less) than one Billion ounces of silver bullion available for consumption by industry,  and that number is further depleted every day because less is mined than is either consumed by industry or is converted into more valuable investment products. --Perhaps 70% of the silver currently being mined is a byproduct from base metals mining.  As the world continues to fall into a deeper inflationary depression, the amount of base metals that will be mined will reduce as worldwide construction demand decreases with the slowing economy. That inevitable reduction in base metals mining will further exacerbate the supply deficit in  Silver  relative to the demand. --The industrial applications that consume silver cannot reasonably substitute other alternatives, so those industries must have silver to continue their business.  The amount of silver used in each product is small, so the use of silver is price inelastic because industry will continue to consume silver even after the price increases substantially from current levels. The real wild card is that all industries have migrated to just in time purchases of the Silver that those industries must have. When news gets out that one industry is having trouble getting delivery on cheap bullion silver, there will be a stampede by all industries to lock in the physical they must have to continue production. --The Banksters have been artificially depressing the price of silver for decades,  and those criminals continue to squelch price rises in silver by selling huge quantities of paper that is not backed by anything. The investment world is beginning to realize that paper promises have little meaning, and that smart investors need to hold physical. As that migration to physical accelerates, the paper market will become much less relevant and the Banksters will be overrun with demands for physical. The explosion in the price of silver will be so strong that it will even be able to carry its little brother  Gold  to higher prices. |
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bsiong
Supreme |
03-Jan-2012 10:25
Yells: "The Greatest Wealth is Health" |
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Peter Schiff - Gold in 2012January 02, 2012 • 11:42:13 PSTPeter Schiff - Gold In 2012Read More          |
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bsiong
Supreme |
03-Jan-2012 10:18
Yells: "The Greatest Wealth is Health" |
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January 02, 2012 • 11:18:49 PSTIs A Powerful Rebound In Gold And Silver Prices About To Begin?We could be setting up for the biggest move in precious metals and miners during this 10 year bull market run. Read More |
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bsiong
Supreme |
03-Jan-2012 10:11
Yells: "The Greatest Wealth is Health" |
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Charles Biderman of TrimTabs (the man that tracks the cash around the globe) On 2012: Long Gold, Short Euro & Stop Praying For A Miraclezerohedge.com  |
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bsiong
Supreme |
02-Jan-2012 22:21
Yells: "The Greatest Wealth is Health" |
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Gold in 2012 by  James Turk  -  Goldmoney Published : January 01st, 2012 623 words - Reading time : 1 - 2 minutes   We all understand that the future is unknowable. Events yet to come cannot be predicted. Nevertheless, the outlook for 2012 is probably set in stone, and the reason is simple. The financial crisis imperiling the globe for the past several years has not been solved. Until it is, we can expect more of the same – specifically, serial bailouts of governments and banks that, if not already insolvent are bordering on insolvency. It is a distressing prospect. Perhaps the outlook for the months ahead can be best  summarised  by the Governor of the Bank of England, Sir  Mervyn  King. In a recent interview on British television, Sir  Mervyn  in a rare candid moment made a remarkably bold statement: “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever.  We’re having  to deal with very unusual circumstances.” It is somewhat odd that Sir  Mervyn  chose the word “unusual” to describe the present situation. After all, banking crises and defaults on their debts by sovereigns – princes and kings as well as countries – have been a recurring feature of monetary history even before the founding of the Bank of England in 1694. So there is only one reasonable conclusion from his comment. He was obviously referring to the severity of the today’s circumstances, meaning that the depth and long duration of this present crisis have few parallels. Sir  Mervyn  went on to add that it is necessary for central bankers “to act calmly to [these circumstances] and to do the right thing.” While his comment reads well, and may even extract a sympathetic response from some people, do his actions confirm his words? More generally, are central bankers doing the “right thing”? For the answer, we only need to look at the price of gold. Gold is a barometer of the ill winds stirred by monetary problems. It is as reliable as a canary in a coalmine. The rising price of gold flashes for everyone a clear warning signal. And a rising gold price is what we can expect in 2012, for the same reasons that it has been rising for a decade. First, central bank money printing continues unabated. It is the repeated answer that central bankers offer to address all of today’s financial problems, with the only outcome being the continual erosion of the purchasing power of national currencies – what is usually referred to as inflation. Second, people everywhere are increasingly worried about the safety of the bank in which they have money deposited. Ever since the collapse of Northern Rock in the UK four years ago, confidence in banks has been diminishing. The failure of Bear Stearns, Lehman Brothers, MF Global in the United States and the near collapse of Dexia, the Belgian-French bank, have only provided more evidence that there is real reason to worry. These failures also illustrate that the problem of insolvent banks is a global phenomenon. Third, the interest income one can earn on a bank deposit is not sufficient compensation for the counterparty risk being taken. Even worse, the interest income is less than the rate of inflation, with the consequence that bank deposits result in the loss of one’s purchasing power. I could go on, but these observations made my point. To all of these  problems,and indeed, all the problems that plague national currencies, gold provides a safe refuge. To end as I began, the future is unknowable. Consequently, we do not have solutions for today’s problems we only have choices. For 5,000 years, gold has been the world’s preferred money. Being tested time and again over the millennia, gold’s proven record continues to make it the preferred choice for a future that is always uncertain. |
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bsiong
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02-Jan-2012 22:02
Yells: "The Greatest Wealth is Health" |
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Last Updated :  02 January 2012 at 18:35 IST Gold to hit $3800 by end-2012, silver to triple due to shortages  By Jack Kneafsey
The interview was a fascinating discussion on the concept of money itself, different schools of economic thought, plus what may lie ahead for gold, silver, and the West. A chief topic during the interview was  Keynesian Economics and it’s deadly impact on society Alasdair: “Keynesianism is a self-serving mechanism,”in which, “only governments, their cronies, and banks benefit.Outside of Ron Paul, you don’t have anyone with the foresight or the guts to take the Austrian view. If members of congress or parliament do find out about Austrian economics–they have to keep quiet about it because of the politics of the system itself.” On the  future of Paper Money Alasdair:“We don’t have very long left to live under fiat money. We’re on an accelerating road to a complete destruction of paper currencies, with only about two and half years left to go. The economic establishment is collapsing. On one hand it’s frightening, and on the other it’s very exciting.” What does he expect from  Gold  and  Silver  in 2012? Alasdair: “Gold & silver will be considerably higher at the end of 2012 then they are today. The acceleration in money printing going into next year will diminish the purchasing power of dollars, pounds, euros, and other currencies against gold. Looking at my models,  gold should be priced around $3800 by the end of 2012, and silver’s got potentially a triple or more over the next year considering the shortages” As a final warning to investors Alasdair concluded,“We live an upside down world where, the things meant to be risk free are suddenly full of risk, and the parties which traditionally carry the risk are absolved of it.” This interview was quite the intellectual adventure, and is a absolute “must-listen” for investors and students of economics |
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tanglinboy
Elite |
02-Jan-2012 13:04
Yells: "hello!" |
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Buy gold when it dips! |
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bsiong
Supreme |
02-Jan-2012 09:17
Yells: "The Greatest Wealth is Health" |
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Last Updated :  31 December 2011 at 21:20 IST 'Gold may decline further in early 2012'  LONDON (Commodity Online):  After falling $350 an ounce from their all-time highs,  Gold  prices could see further weakness in the start of 2012, said Mike Zarembski, senior commodity analyst, optionsXpress. “Not only has gold begun to lose some of its ‘safe-haven’ luster, but several key technical indicators look to be pointing to even lower prices at the start of 2012,” he said. As evidence, he cited gold remains under the 200-day moving average, a strong U.S. dollar, and that the uptrend line drawn from the key October 2008 lows was broken on Thursday for the first time. A weekly close below this trendline could  Lead  to a bout of accelerated long liquidation selling. Assets that were being moved into gold due to concerns about Europe and its handling of the debt situation are being moved to U.S. Treasurys and German bunds. “Investors now appear more willing to earn even meager interest from owning government bonds than they do owning precious metals that not only pay no interest, but are also a cash drain, as both storage and insurance on metal holdings must be paid,” he added. The break of the October 2008 uptrend was short-lived and if that level can hold, it could spark bargain buying, he said. |
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bsiong
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31-Dec-2011 23:34
Yells: "The Greatest Wealth is Health" |
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Last Updated :  31 December 2011 at 12:00 IST 'Five factors affecting the gold price'  By Rajivi Sharma For the prospective buyer of gold, it is important to know what all factors affect the rates of gold. This will allow a person to predict with good accuracy the trends in the rates and thus be able to direct an investment to more profit. The Five factors influencing price of gold --The first factor is rather basic and depends on the simple economics of supply and demand.  This is true of any commodity. If the demand for gold increases (particularly in the Asian markets of India & China) suddenly and the supply cannot meet the demand, the prices will increase. Similarly, if production of gold is hit because of a miners' strike and the supply falls, this will also  Lead  to an increase in prices.Although there are many hidden factors that are said to influence price of gold, broadly speaking, there are only a few factors that certainly do. The remaining factors are generally speculative and not mutually agreed upon. --The second factor is the  Gold  and other policies of central banks.  The banks often invest in gold as a hedge against inflation. Moreover, their other policies on interest offered on savings also affect the prices. A higher interest rate will  Lead  to people investing in currency, whereas a low interest will increase gold purchase. --The third factor is the social conditions prevalent. In times of war, emergencies,  the price of gold shoots up as the value of the prevalent currency is in doubt. Since one can be sure of the value of gold, people try to acquire as much gold as they can, pushing up the price of gold. --The fourth factor is the state of the economy.  If the economy is in the doldrums with the markets performing in a shabby manner like now, prices of gold will increase due to more people choosing to invest in gold. |
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tanglinboy
Elite |
31-Dec-2011 13:48
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Buy gold! |
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bsiong
Supreme |
31-Dec-2011 09:58
Yells: "The Greatest Wealth is Health" |
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Last Updated :  30 December 2011 at 19:05 IST Bonds signal crash, heads and shoulders in Euro, gold indicate potential uptrend  By Williem Weytjens Let's have a look at  TLT, which is the iShares Barclays 20+ Year Treasury Bond Fund. When we look at TLT until 2010, we can see that  price retraced exactly back to the 50% Fibonacci Level, where it found strong support. This level also happend to be a level where the long term trend line came in… If bonds would top here, that would likely be caused by investors rushing out of this (perceived) risk-free asset class, and into more risky assets like stocks. That would probably involve a more sustainable (or at least more sustainable as perceived by the market participants) way out of this Euro Crisis, which has been making headlines in recent months, causing investors to rush out of risky assets and into bonds. We can see from the Commitment Of Traders (COT) reports that  Commercials (usually seen as the " Smart Money" ) have taken on HUGE long positions in the EURO, while Speculators (usually seen as the " Dumb Money" ) have taken on HUGE Short positions: However,  Commercials have deep pockets and can stand the dips  (which they usually keep buying)… If bonds haven't topped yet, we can expect a potential top around 132 for TLT, based on Fibonacci Retracement levels. If it would top there, and retrace 50% of its move, it should drop towards 92.5, where once again, the long term uptrend support line comes in… A continued rise of Bonds would probably mean more worries about the Euro Crisis. In the  EURO chart, we can notice a potential Head & Shoulders pattern, which could send the EURO as low as 1.15 if the pattern holds… However, on a short term daily basis, the  Euro shows (weak) signs of Positive Divergence. On the other hand, it also seems to be stuck in a bear flag (very short term). If the MACD would fall below the low of last week, this would probably  Lead  to a further decline in the EURO, meaning we should keep an eye on the Head & Shoulders pattern… I keep finding it fascinating to look at the similarities between now and 2008, as the SP500 still hasn't broken that 200MA and heavy resistance at 1265-1280… Once it does, I think we would see new highs pretty soon. If it doesn't, look out below… Last but not least, let's think about  what will happen to Precious Metals if Bonds top here. We can look at it in 2 ways: * A top in bonds probably means investors become less risk-averse, meaning  Gold  could also sell-off (as it is often perceived as a hedge against turmoil) * However, gold has rather acted as a risky asset lately and has already sold-off quite a lot, meaning investors could start to load up the truck as they see the recent dip as an opportunity to buy… Let's have a look at the  TLT:GLD chart, which divides the price of TLT by the price of GLD. We can see that during the last 7 years, TLT has severely underperformed Gold, as the ratio has declined substantially. When we have a closer look, we can notice  5 times where the ratio showed signs of Negative Divergence. Everytime this happened, it marked a top in the TLT:GLD ratio, meaning TLT started to underperform GLD soon thereafter (or equivalently, Gold started to outperform TLT). Will this time be any different? Based on Sentiment in Gold (but especially Silver) and the recent decline, I would assume this time Gold is seen as a " risky" asset, and should thus profit from a top in TLT/Bonds, although the risk of further declines still exists. |
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bsiong
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31-Dec-2011 09:51
Yells: "The Greatest Wealth is Health" |
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Last Updated :  30 December 2011 at 21:05 IST Five best trading ideas for the next 2 weeks  By Chris Vermeulen I was not planning on doing much this week because of the low volume but after reviewing some charts and risk levels on my top 5 trading vehicles I could not help but share my findings with everyone last Friday. This Wednesday turned out to be an exciting session with all 5 of my trade ideas moving in our favour right on queue. Charts of the  5 investments moving in the directions we anticipated  … Stocks are topping and selling off today Oil looks to have topped and is selling off Gold and  Silver  are moving lower VIX (Volatility Index) just bounced Many of my readers took full advantage of my recent analysis and trade ideas which is great to hear. All the different ways individuals used to make money from Friday's analysis is mind blowing… The most common trade is the oil one with most traders adding more to Tuesday when the price reached its key resistance level on the chart. Also many traders took partial profits Wednesday locking in 3% or more in two days using the SCO ETF. It's amazing how many people like to trade the vix using ETFs. The best trade from followers thus far was an 8% gain in TVIX which was bought 4 days ago anticipating the pop in volatility which I had been talking about last week. Keep in mind ETFs for trading the vix are not very good in general. I stay away from them, but TVIX is the best I found so far. Currently stocks are oversold falling sharply from the pre-market highs. Meaning stocks have fallen too far too fast and a bounce is likely to take place Thursday. Also we saw some panic selling hit the market today with 14 sellers to 1 buyer. That level tells me that the market needs some time to recover and build up strength for another selloff later this week or next. We will see this pause unfold when the SP500 drifts higher for a session or two with light buying volume. This will confirm sellers are in control and give us another short setup. |
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bsiong
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31-Dec-2011 09:46
Yells: "The Greatest Wealth is Health" |
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December 30, 2011 • 15:50:04 PSTRichard Russell - We Are Watching Market History In Gold" This fabulous bull market will not end with a whisper & a fizzle. We are watching market history.” Read More |
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bsiong
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31-Dec-2011 09:45
Yells: "The Greatest Wealth is Health" |
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December 30, 2011 • 15:47:39 PSTGold Rises For 11th Year, Oil Advances: Commodities At The CloseGold rose the most this month, capping an 11th straight annual advance, on speculation that demand will climb from jewelers and investors. Read More |
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bsiong
Supreme |
31-Dec-2011 09:44
Yells: "The Greatest Wealth is Health" |
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December 30, 2011 • 13:24:03 PSTStephen Leeb: Expect $5 Gas, $60 Silver & $3,000 Gold In 2012These kind of corrections are just that, corrections. But gold today, it’s yearly average is 20% higher than the yearly average in 2010. Read More |
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