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Why U.S. Gov't Confiscated Gold In 1933. Can It Happen Again? Commodities / Gold and Silver 2012 Feb 29, 2012 - 01:54 PM By: Julian DW Phillips More and more investors are asking this question. Many observers and commentators have ridiculed this idea as archaic with the conditions that led to the confiscation being so different as to leave such a possibility as remote as the return of the dinosaurs. In this the first part of a series on the subject we look at the picture that led to the confiscation and look at factors that caused the confiscation to...

New York, NY (PRWEB): Danny Esposito, co-editor of financial web site and newsletter Penny Stock Detectives, believes India’s recent purchase of farmland in Africa and China’s recent purchase of 1.4 million acres in Venezuela are just the beginning of a rise in commodities, as both countries secure agricultural commodities for the future. According to Esposito, there are compelling entrenched trends in place that make owning agricultural commodities in 2012 essential to every portfolio: 1. Expanding middle class in emerging markets (China, India) 2. Growing worldwide population 3. Bizarre weather patterns “As the economies in Asia continue to develop, a middle...

Why Rising Debt Will Lead To $10,000 Gold Commodities / Gold and Silver 2012 Jan 07, 2012 - 09:55 AM By: Nick Barisheff Good afternoon, it's a pleasure to speak about gold at this Outlook for 2012. Today, I'd like to focus on one important idea: the direct relationship between the rising price of gold and the rising levels of government debt that result in currency debasement. Since we measure investment performance in currencies a clear understanding of the outlook for currencies is critical. In order to understand gold's relationship, it's important to understand that gold is money. It is...

New York 28/12/2011 - Gold on the Comex division of the New York Mercantile Exchange moved sharply lower Wednesday after the euro plummeted on concerns that Europe is creeping closer to a deflationary recession. Gold futures for February delivery were last down $30.50, or about two percent, at $1,565.00 an ounce. Trade has ranged from $1,563.90 to $1,595.00. The markets have been under pressure ever since the euro smashed through the $1.30 level, Sterling Smith, an analyst with Country Hedging, said. “The bulls are really nervous. They aren't comfortable getting long - especially considering this is a funny time of...

Liquidation Of Customer Stored Gold And Silver Bullion From MF Global Commodities / Gold and Silver 2011 Dec 17, 2011 - 12:27 PM By: Jesse The bottom line is that apparently some warehouses and bullion dealers are not a safe place to store your gold and silver, even if you hold a specific warehouse receipt. In an oligarchy, private ownership is merely a concept, subject to interpretation and confiscation. Although the details and the individual perpetrators are yet to be disclosed, what is now painfully clear is that the CFTC and CME regulated futures system is defaulting on its obligations....

More Upside For Gold As Government Spending Continues Unabated By Bill Bonner 12/16/11 Baltimore, Maryland – Have yourself a merry little depression. Dow up 45 points. Gold down $9. We’re still waiting for a major correction in the gold market. Each time one begins, it seems to run out of steam before doing any real damage. At yesterday’s closing price, $1,577, gold is still solidly ahead for the year. So, where’s the soft spot? Where’s the test? Where will it come from? When? Don’t worry, dear reader, Mr. Market will test us. He’ll throw his curve ball. We have to...

Everyone Is Mocking Gold Bugs And Ron Paul Fans These Days Joe Weisenthal Dec. 15, 2011, 12:01 PM Gold bugs are some of the most annoying people in the world, so with gold cliff-diving these days, people loving the chance to mock them. Nouriel Roubini, for example, has been tweeting up a storm about how gold bugs are in hiding. Yesterday, Paul Krugman put up a post pointing out how the hyperinflationary predictions of Ron Paul fans aren't coming to pass, as commodity prices and gold prices sink. Matt Phillips at the Wall Street Journal twists the knife by pointing...

Buy Silver…Now!By Matt Badiali 12/08/11 Silver is an amazing metal…which is why it’s likely to soar over the coming years… You see, silver has more than 10,000 uses. It’s one of the world’s best conductors of heat and electricity. Inventors filed more patents on silver uses than any other precious metal in the world. And when silver is used for most industrial and technological purposes, it is used up forever… It simply costs too much to try to recycle the tiny bit of silver from every cell phone or casino chip. I’m not saying industry is going to use up...

RICHARD RUSSELL: The Gold Skyrocketing Phase Still Lies Ahead Cullen Roche, Pragmatic Capitalism Nov. 24, 2011, 4:41 AM Via Richard Russell’s Dow Theory Letters: “Day after day, everyone asks whether gold has topped out. Nobody ever asks whether the market has topped out. Think about it, we’re in a low inflation, low investor fear environment, a dollar that appears to have bottomed and is now firming, and still gold holds above 1700 an ounce. This is a remarkable performance aided by heavy buying in China, India, and Asian nations. But what happens when we hit the inevitable inflation; when investors...

Are You Prepared For What’s Coming? Stock-Markets / Financial Markets 2011 Nov 16, 2011 - 05:35 AM Michael A Burnham writes: The US$ is the world reserve currency and a huge amount of it is used in international commerce and held in foreign banks. What is the real value of the US$ or any currency for that matter? Money is no longer backed by gold or anything other than “good faith”, thus coined “fiat currency". Whenever the US Treasury runs short of money, it auctions Treasury notes…IOUs. But since there are fewer interested buyers in the world today, it then...

U.S. Dollar Teetering On The Abyss Currencies / US Dollar Nov 15, 2011 - 03:01 AM By: Toby Connor We all better hope I'm wrong on this one, but I think the CRB just put in its three year cycle low in October. I'm also afraid that Bernanke has done irreparable damage to the dollar. If I'm right about both of those assumptions then we are on the brink of a historic inflationary period. I've marked the major three year cycle bottoms in both the CRB index and the dollar index on the chart below with blue arrows. (Actually the...

Evidence Of A Downtrend In The US Stock Market By Bill Bonner 11/14/11 Paris, France – What happened on Friday? A “moment of truth” arrived for Europe. But what is the truth? We’ll have to wait to find out. The Dow rose 259 points. Gold was up $28. But who cares? Up, down…up, down… Every day brings more ‘truth.’ But what we want is a truth with legs. We’re not day traders. Not week traders. Not even year traders. We want a long, sure…mega trend. We want the Dow at 900 in 1983. Or gold at 260 in 1998. What...

Stock Market Will Fall, World Is Drowning In Debt, Much Of Which Is Unpayable Stock-Markets / Stocks Bear Market Oct 21, 2011 - 08:04 AM By: Bob Chapman It could then be that this is the top of the stock market, which is fundamentally very overpriced. The latest rallies are the result of statements by French President Sarkozy and German chancellor Mrs. Merkel that a financial solution is at hand for Europe. This announcement named the end of the month as the date for release of this information. Thus far there has been no further comment. This was the justification...

Stock Market Poised For A Sharp Pullback Near Term Says Dr Copper Stock-Markets / Stock Markets 2011 Oct 21, 2011 - 12:59 AM By: David Banister Back on October 3rd I wrote a public article forecasting a major market bottom at around 1088 on the SP 500 index. I surmised we were about to complete a 5 wave move to the downside that commenced with the Bin Laden highs of 1370 in early May of this year. The following day we bottomed at 1074 intra-day and closed over my 1088 pivot and continued higher as we all know. That brings...

A Quick Look At Copper, Lumber And Rubber Prices Global Macro Monitor Oct. 21, 2011, 5:21 AM Take a look at copper, lumber, and rubber. Down big. What does it mean? No doubt a reflection of a slowing global economy and confirms the contracting manufacturing PMIs in many of the emerging economies. Hard landing in China? Don’t know but makes us more vigilant. Stay tuned.

Copper Tumbles 6% Eric Platt Oct. 20, 2011, 2:07 PM Copper, after tumbling 4% yesterday, plummeted again on the COMEX today. It's down 6% to $3.07 per pound. Take a look: Image: FinViz Precious metals are also taking a beating: * December gold contracts: Down 2.0% to $1,614 an ounce * December silver contracts: Down 2.8% to $30.36 an ounce * January platinum contracts: Down 2.1% to $1,491 an ounce * Southern Copper Corp. is trading 1.5% lower today. (snip)

"Dr Copper" Says Recession Is Around The Corner.... But May Only Be Half Right. by Vikas Ranjan Oct 19, 2011 07:28:31 AM In my last blog entry on October 7th, I argued that that the bull phase in copper is far from over. The most recent drop in the price of copper is suggesting softness in demand but this could only be a temporary phenomenon. Apart from a keen interest in copper’s own investment prospects, market watchers also look at copper for guidance on the direction of the economy. As I mentioned in my previous article, since copper is...

One big decision looms ominously on Obama’s horizon and he will not be able to blame anyone but himself for the consequences. Obama must render the momentous verdict by November 1 to give or not to give approval for the historical Keystone XL Pipeline Project. This pipeline will carry one of the world’s dirtiest fuels… tar sand oil… vastly different from regular oil, being ten times heavier than water and very corrosive. Presidential permission is required because the 2,147-mile pipeline crosses the border between Canada and eight states of the United States. The present route is scheduled to cross prime...

China Reveals Its Copper Stockpile Linette Lopez Oct. 13, 2011, 12:54 PM According to the FT, China's Non-Ferrous Metals Industry Association has announced that the country's copper inventories were at about 1.9 million tons at the end of last year. That's more that the U.S. consumes in a year. Estimates by the International Copper Study Group had the number 1.0 to 1.5 million tons higher. Here's why it matters: The fact that the amount China is carrying in its reserves means that their demand for copper may be less than we thought. And Chinese demand is so significant, that if...