|
- Gold Market Headlines - |
 Monday Edition: December 01, 2008 |
The Gloom of the Après-bubble World
By: Bill Bonner & The Daily Reckoning Crew
-'Black Friday' - not as dark as previously feared…a senseless casualty in the war on frugality…
-Investors should be checking their shorts - both of them…"going for broke" to avoid a "financial collapse"…
-Madness on the way up, and madness on the way down…geegaws from China sell better than new boats…and more!
COT Gold, Silver and US Dollar Index Report - December 1, 2008
By: GoldSeek.com
COT Gold, Silver and US Dollar Index Report - December 1, 2008
Bailout-a-Go-Go
By: Peter Schiff, Euro Pacific Capital, Inc.
Keeping track of the ever mutating bailout debate is becoming increasingly difficult. With the Federal money spigots now thrown wide open, and with no one of influence advising restraint, the only debate is where to direct the torrent. During the past week, the talk began with Detroit and Citigroup, but by Friday had shifted to a massive "stimulus package" to bail out consumers. The early buzz includes some very large figures.
Marc Faber: Bloomberg interview on gold and stocks [Video]
By: Peter J. Cooper
Veteran contrarian commentator Dr. Marc Faber maintains that physical gold should be held outside the United States and is also now recommending junior gold exploration stocks. This is one of the best short commentaries on the state of US capital markets I have seen in ages. He sees a ‘very strong rebound’ for gold explorers which have been ‘hammered’. US stocks will rally further he maintains, at least for a short while. In January to March next year you must get out as the economy will implode, he adds.
Win 5 Ounces of Gold by submitting your “Golden Slogan”
By: Tirex Resources Ltd.
Tirex Resources Ltd. is pleased to announce that it is now accepting submissions for its “Golden Slogan” contest. The entrant who submits the best “Golden Slogan” for Tirex will be awarded 5 ounces of gold. The Company is looking for creative minds to submit a short, concise slogan that reflects the company’s success in establishing Mirdita as a potential gold-rich VMS district.
Inflated Egos Next Bubble To Deflate
By: Captain Hook
As a follow-up to last week’s commentary on the chronic complacency that has gripped the investing public, a population that thinks ‘big daddy’ will bail them out of all troubles forever apparently, once its realized by the masses this belief is a falsehood, a sense of panic will enter the collective psyche, and the issue of our inflated egos will finally be addressed.
Best Quotes of November 2008
By: John Rubino
At the end of the de-leveraging, you will see a divergence between gold and silver on the one hand and industrial commodities on the other. Even today we have this very strong demand for physical gold and silver globally, from India to the Middle East to America. Once the de-leveraging ends, I think gold and silver prices could spike sharply higher, possibly as early as late November or early December.
Academia's War Against Free Market Money
By: Gary North, Mises on Money
Despite the fact that Ludwig von Mises' 1912 theory of money explains booms and busts better than rival theories, and despite the fact that Austrian School disciples predicted the most recent bust when academic economists denied that such a bust was imminent, Austrian School economists get no respect. I could almost hear Aretha Franklin as I read Anderson's essay.
Dirty Rotten Scoundrels
By: James West
As part of the research in developing the script for the feature length documentary film “Crime of the Century” (http://www.crimeofthecenturymovie.com) , I’ve been immersed over the last week in a detailed study of the history of J.P. Morgan, probably the most powerful bank in the world. Certainly it appears to be the only beneficiary of every painful twist in the slow-motion plunge into world depression.
Media Hype
By: Howard S. Katz
Man is a social animal, and in any human society there is a great deal of pressure on any one human being to have the same opinions as his fellows. Before the Reformation, this took the form of torturing to death anyone who dared to express an opinion different from the prevailing orthodoxy.
Gold Slides from 8-Week High on Fresh Dollar Surge; "Cascading Crises" Loom as World Governments Prepare $2.5 Trillion in Debt
By: Adrian Ash, BullionVault
WHOLESALE GOLD PRICES fell sharply in Asia and London on Monday, dropping 3.2% from Friday's best weekly close in eight and falling below $791 an ounce. The six-day rally in global stock markets also stalled on a fresh surge in the US Dollar and Japanese Yen.
Gold Investments Market Update - Gold Up 14% in November; Largest Monthly Gain Since September 1999
By: Gold Investments
In Asian and early European trading gold has fallen some 2% likely on sharply lower oil prices (Light Sweet Crude Oil Future - Combined - JAN09 is down by more than 4%) and the dollar remaining firm after strong gains at the end of last week. Renewed uncertainty and weakness in stock markets could result in short term weakness in gold but should see gold continue to see a flight to safety in the medium and long term.
International Forecaster November 2008 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Let's step back for a moment, and look at the big picture, to determine what the Illuminist miscreants have been up to over the past year. Their plans to pawn off all the toxic waste derivatives on others backfired when Meredith Whitney exposed Citibank's subprime derivatives as being toxic waste, worth a mere fraction of par. This untoward event was a watershed event for our nation, and for Illuminist plans to destroy us.
Things Looking Up – A Little
By: David Chapman, Union Securities
We are only a week or so from the lows of November 20 but seven weeks from the momentum low made on October 10. And we couldn’t help but notice that fewer stocks made new lows on November 21 than were made on October 10. This tells us that we are still trying to form a low of some importance. This does not rule out new lows or a test of the November 21 lows, quite possibly even in December, but we are seeing signs that things are looking up – at least a little.
My Overview of a Special Year 2008
By: Thomas Tan, CFA, MBA
What a year. It has been 11 months since I put out “My Ten Predictions for 2008”. In general, I think my predictions have luckily turned out to be about right, but I underestimated the severity of both the up and down movement.
The Perfect Storm
By: Mike Hoy
The indiscriminate printing of paper money coupled with the crippling of the World’s financial system is the “perfect storm” setting for gold and silver investors. Current conditions in the financial markets should be more than enough proof to convince even the most stubborn of financial pundits of the necessity to own precious metals.
Ben's Helicopters are Here!
By: Mike Hewitt
The US Federal Reserve is increasing the monetary base at an unprecedented rate in response to the present deflationary asset crunch, following the longest running inflationary boom in the country's history.
Why Gold
By: Vincent Bressler
In order to understand why gold is so important now you must realize that the very concept of what is money is fluid. Since the early 80s, up until quite recently, the following were regarded as money or a proxy for money: blue chip stocks, quality real estate, quality corporate bonds. Two years ago, collaterized low quality loans were even considered money.
Marc Faber Says Buy Gold Exploration Stocks
By: Peter J. Cooper
Celebrated contrarian investment advisor Dr. Marc Faber told Bloomberg television this weekend that he was buying gold exploration stocks as well as gold producers because prices were ridiculously cheap.
Best & Brightest See Rally Ahead
By: Rick Ackerman, Rick's Picks
For our part, with the global economy sinking into its deepest bog since the 1930s, we would be astounded if stocks were indeed about to embark on the kind of sustained rally that our friend Porter envisions. However, we think his “A-list” of stocks is a good place to start if you’re seeking relatively value, safety, and long-term returns.
Asian Metals Market Update for 1st December, 2008
By: Chintan Karnani, Insignia Consultants
Gold consolidated in wider $805-$830 range while silver consolidated in $10.00-$10.55 range on lack of major market moving news and month end factors. Demand was stable but there were concerns that there could be a temporary shortage of physical gold and silver in the short term if demand from US, Europe and other developing nations rose.
Technically Precious with Merv
By: Merv Burak, CMT
Is this September all over again, a sharp couple day rally and then a more casual topping out and decline? This time the rally didn’t even come close to the 200 day moving average line which has now turned to the down side. But who knows, maybe this time it’s different.
Sunday Edition: November 30, 2008 |
GoldSeek.com Radio: Zapata George Blake, Jim Sinclair, International Forecaster & Host Chris Waltzek
By: radio.GoldSeek.com
GoldSeek Radio Listener Favorite Segment With Robert Ian [Video]
By: radio.GoldSeek.com
Juniors in Hell
By: Scott Wright, Zeal Intelligence LLC
The Trouble with Gold, Part I
By: Adrian Ash, BullionVault
Some Positive Signs
By: Mary Anne and Pamela Aden
Depression in 2009?
By: Clif Droke
After General Bernanke Destroys The Deflationary Threat
By: Brady Willett
US stocks only fair value, heading lower
By: Peter J. Cooper
Is The End Of The COMEX Nigh?
By: Andy Hoffman
“Thou Shalt Not Crucify Labor on This Cross of Paper Money”
By: Antal E. Fekete
Why This Crisis Will Send Inflation Soaring
By: Nick Barisheff
The Financial Fire Trucks Are Gathering
By: John Mauldin, Millennium Wave Advisors
Precious Metals in Europe
By: David Morgan, Silver Investor
Gold Delivers Near-Record Monthly Gain Amid "Deflation Scare", Deluge of New Government Borrowing
By: Adrian Ash, BullionVault
Gold Investments Market Update - Citigroup Report: Gold Holders "Mellow" for Years; Holders of Other Asset Classes Increasingly "Yellow"
By: Gold Investments
Market Wrap Week Ending 11/21/08
By: Douglas V. Gnazzo
|
Update Site
