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Why Owning Gold Is Absolutely Essential – Charles Ponzi Meets Cassandra Commodities / Gold and Silver 2013Jan 21, 2013 - 05:12 PM By: DeviantInvestor One fine day on the streets of Washington D.C. the ghost of Charles Ponzi struck up a conversation with the ghost of Cassandra. He was a charming devil and assumed she would find him irresistible so he began with “It is ironic, I think, that I am a thief, while you see and speak the truth, but the people believe me and scorn you.” Cassandra was not impressed and replied, “It is true. Most people would...

GOLDMAN SACHS: BUY GOLD Matthew BoeslerJan. 18, 2013, 11:53 AM On Wednesday, Goldman Sachs upped the ante on its call that 2013 will mark the end of a long-running bull market in gold by introducing a new forecast: the bank's commodity strategists see the shiny yellow metal falling to $1200 per ounce by 2018. However, despite having a bearish 5-year forecast for gold prices, Goldman's 3-month forecast is actually quite bullish. In fact, strategists Damien Courvalin and Alec Phillips write in a note to clients today that they expect gold to reach $1825 per ounce over the next few months...

Dr. Copper’s Red Metal Elixir Byron King 01/09/13 Do you take diet or nutritional supplements? It could be as simple as popping an everyday vitamin pill from the many choices at the supermarket. Or perhaps you frequent one of those high-end stores where they have the super-duper top-shelf nutritional and homeopathic remedies. If you take these kinds of supplements, there are a couple of things that I’m sure you know. You won’t cure what ails you by just taking one pill once. And you could do yourself harm by swallowing an entire bottle of some otherwise “healthy” elixir. So what’s...

Light At The End Of The Tunnel For Gold By Frank Holmes 01/02/13 Intuition was telling me something was going on these past few days (of 2012) in the gold market. Our investment team was watching gold and gold stocks take a tumble for no obvious reason. It wasn’t only us who felt this way: many analysts were caught off-guard. One comment from Barclays Research indicated that the week was unusually “brutal … with quite a few confused participants with some seemingly positive aspects of the market not having an impact.” My hunch was realized only days later when Zero...

MICHAEL PENTO: It Would Be More Surprising If Gold Didn't Go To $10,000 Sam RoDec. 29, 2012, 7:12 AM Michael Pento The world's central banks have gold bulls on high alert thanks to unprecedented, ultra-easy monetary policy. Eric King of King World News asked Michael Pento if this means gold $10,000 is coming. Here's Pento's response: “Absolutely. I know it sounds ridiculous, but don’t forget that back in the 1930s it was (around) $21 an ounce. No one would ever have believed that 80 years later we would have gold trading anywhere near $1,900 an ounce, but that’s what happened....

Prices over the last months have been skyrocketing. Existing home sales rose to 5.04 million units in November, more than expected. Existing home sales are almost back to 1999 levels! [Note to government: PLEASE don't do anything like the National Homeownership Strategy again!] nhsdream2 The FHFA Purchase Only House Price Index increased +0.5% in November, more than the expected +0.3%. The final Q3 GPD printed at 3.1%, more than the forecast 2.8%%. The print was mostly due to government expenditures and growing inventories. Offsetting the government-induced rise in GDP was the decline in leading economic indicators, down -0.2% in November...

JIM ROGERS: I'm A Gold Bull, But I Think Prices Will Tumble For A While Longer Rajeshni Naidu-Ghelani, CNBCDecember 20, 2012With gold prices being hammered in recent weeks, and trading near four-month lows on Wednesday, longtime gold bull Jim Rogers is sounding a word of caution, saying it's possible the correction in bullion may continue into the new year. "Just be careful, there're too many bulls, including me, but I'm very cautious," Rogers told CNBC. "Gold is having a correction— it's been correcting for 15-16 months now— which is normal in my view, and it's possible that [the] correction is...

Cereal fields in Ethiopia's Arusi-Bale plains, where the commodity exchange has facilitated trade between buyers and sellers. While government leaders, NGOs and corporations devise strategies to churn out more food for future generations, Eleni Gabre-Madhin is taking a different approach. Concerned by a 2002 famine in her home country of Ethiopia that followed bumper crops in 2000 and 2001, the Stanford-educated economist decided it was time to go beyond food production and take a hard look at distribution. The result? Africa's first commodity exchange. As the founder and outgoing CEO of the Ethiopia Commodity Exchange (ECX), Gabre-Madhin established a reliable...

Investors Ditching Before the Fiscal Cliff Commodities / Gold and Silver 2012Dec 06, 2012 - 01:18 PM By: Peter Schiff Turn on the TV and this is what you'll hear: The US budget is heading for a fiscal cliff. If a deal isn't reaching in Congress by the end of this year, a combination of automatic tax hikes and budget cuts will sink America into economic depression. There is no escape. Of course, my readers know that the fiscal cliff is merely an example of the piper having to be paid. The problem isn't the bill, but that we ran...

UPDATE: Gold Just Tanked, Silver Tanked, And Oil Is Sliding Joe WeisenthalNovember 28, 2012 It's unclear what just happened, but as US trading cranks to life, commodities have dumped. Gold just dropped about $15/oz in a couple of seconds. Kitco And here's Silver: And oil is fading.

By 2015 hard commodity prices will have collapsed Posted by Michael on September 16, 2012 in Commodities For the past two years, as regular readers know, I have been bearish on hard commodities. Prices may have dropped substantially from their peaks during this time, but I don’t think the bear market is over. I think we still have a very long way to go. There are four reasons why I expect prices to drop a lot more.　First, during the last decade commodity producers were caught by surprise by the surge in demand. Their belated response was to ramp up production...

The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Oil Just Tanked Out Of Nowhere... Joe WeisenthalSeptember 17, 2012Trying to get to the bottom of this. Oil just tanked. Here's the USO (ETF), which is a decent intraday proxy, falling nearly 3% in a flash. There's some chatter it's a fat finger, and others wondering if there's some kind of Strategic Oil Petroleum related news. More to come as we figure it out.

Here Comes $10,000 Gold... Sam RoSep. 16, 2012, 5:56 PM"It has never been easy to have a rational conversation about the value of gold," wrote Ken Rogoff in a 2010 piece titled $10,000 Gold?. But with the national debt passing $16 trillion and the Federal Reserve launching a unlimited quantitative easing, the gold bulls will increasingly tell you that the sum of their fears are coming true. In this week's issue of Barron's, Jim McTague spoke to Guggenheim Partners Scott Minerd: Hedging against the most pessimistic case without crippling the upside potential of a better or even miraculous case appears...

By 2015 Hard Commodity Prices Will Have Collapsed By Michael Pettis September 16, 2012 For the past two years, as regular readers know, I have been bearish on hard commodities. Prices may have dropped substantially from their peaks during this time, but I don’t think the bear market is over. I think we still have a very long way to go. There are four reasons why I expect prices to drop a lot more.　First, during the last decade commodity producers were caught by surprise by the surge in demand. Their belated response was to ramp up production dramatically, but since...

An Autumn Surge In Corn Prices Will 'Shock The US And Global Livestock Industry' Rob WileSeptember 11, 2012 The historic U.S. drought caused corn prices to explode to record highs during the summer. However, prices haven't budged in a month and stands near $8/bu. In his latest note, Morgan Stanley commodities guru Hussein Allidina reiterates his thesis that the corn price rally isn't over. While the market continues to test what price will ration demand, it will eventually figure it out: While many have cited recent weakness in ethanol production and exports as a sign that prices have risen enough...

The Printing Press Is Running Hot, But Where Is Inflation And How Will It Affect Gold? Commodities / Gold and Silver 2012Sep 06, 2012 - 02:48 AM By: GoldSilverWorlds The key to understanding inflation lies in the implications of an increasing money supply. Here at Global Gold, we rely on the “True Money Supply” which is provided by the Mises Institute. The “True Money Supply” was originated by Murray Rothbard and represents the amount of money in the US economy that is available for immediate use in exchange. On the chart below you see that the True Money Supply has...

The Direction of Silver Prices before QE Forever Commodities / Financial Markets 2012Sep 03, 2012 - 07:53 AM By: Dr Jeff Lewis The price of silver has moved up from $27.50 seen just a week ago to stage a test of the $31.00 level. Although technical traders may consider this market currently over bought, the fact remains that a bull market can stay over bought for quite a long time. It will be interesting to look back on this rally that began in the wake of the Financial Times’ story about the CFTC’s lack of evidence and impending conclusion of...

CITI: The 'Poor Man's Gold' Trade Could Cause Silver Prices To Surge Sam Ro Aug. 24, 2012, 4:27 AM Tom Fitzpatrick, a top technical analyst at Citi, continues to be bullish on gold and oil. But in his latest commentary for King World News, he argues that the charts are looking bullish for silver. Silver has also held nicely above the $27 level, and very recently we have seen silver begin to outperform gold. The silver chart looks very bullish. We believe that silver will continue to outperform gold in this breakout move. ... The trend line down and 200...