Free Republic

Reporting from Western New York: gas price at my local gas station jumped $0.13 in the last 24 hours. I've never seen a hike that fast. Is anyone else seeing the same thing? I already see gold prices shooting up. Is this gas price? Starting to catch up to it now?

The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. But there is one key trend that stands to push gold up beyond $1,700--regardless of the day’s news. Of course, it’s difficult for the bears to ignore a nearly $50/ounce gain for gold, which is now trading well above its 5-year high.

Lots of moving parts... China negotiations, Pence trip cancellation, Fed possibly easing.

What Wall Street knows as an incontrovertible truth is this: Fear is a bargain. And right now, there’s so much fear floating around the market that gold is back on everyone’s radar, with incredible bargains. Gold is trading at over $1,342 an ounce right now. So imagine buying it for $2-$3 an ounce instead. When Wall Street goes bargain hunting, it’s looking for discount gold. One way it does so is by targeting junior miners with major upside, setting short-term price targets that make these undervalued global gold assets ground zero for investors who are fleeing the next potential economic...

Gold shined brightly at the beginning of 2014, with bullion prices jumping by about 13% from New Year’s Day until mid-March. But since spring, and particularly since July, gold prices have been on the decline. Last week, the precious metal settled near lows not seen since Christmas 2013. So should investors consider this sell-off as an opportunity to buy precious metals on the cheap? Or is gold really tarnished for some time to come? Sadly for gold bugs, it’s the latter. There’s always a big argument for gold as the only alternative amid overpriced stocks, a weak U.S. recovery and...

We can't ignore it anymore - the markets are rigged. The LIBOR scandal broke almost two years ago, and the banks found responsible for manipulating that key index are still dealing with lawsuits. Meanwhile, allegations of gold market manipulation have been simmering for over a decade and grew into an inferno after the spot price dropped dramatically last spring. Yet I'm left wondering what the conspiracy theorists hope to accomplish. Yes, I believe in exposing truth for its own sake and that the individual investor should have the same opportunities in the marketplace as the big institutions. But with these...

Gold And Silver Go From Bearish To More Bearish Commodities / Gold and Silver 2014 Mar 27, 2014 - 03:16 PM GMT By: P Radomski CFA Commodities Briefly: In our opinion short speculative positions in gold (half), silver (half) and mining stocks (full) are justified from the risk/reward perspective. The decline in the precious metals sector continues, as indicated in the previous alerts. Gold, silver and mining stocks have declined once again and appear to be headed lower also today. Did yesterday’s price action change anything? Let’s take a look (charts courtesy of http://stockcharts.com). Today we will start with silver...

Germany's blowback against gold manipulation is accelerating. Following yesterday's report that Bafin took a hard line against precious metals manipulation, after its president Eike Koenig said possible manipulation of precious metals "is worse than the Libor-rigging scandal", today the response has trickled down to Germany and Europe's largest bank, Deutsche Bank, which announced that it would withdraw from the appropriately named gold and silver price "fixing", as European regulators investigate suspected manipulation of precious metals prices by banks. As a reminder, Deutsche is one of five banks involved in the twice-daily gold fix for global price setting and said it...

Gold prices are plunging as investors grow more confident about the global economy. Gold fell $104, or 5.6 percent, to settle at $1,757 an ounce Wednesday. It's the steepest percentage drop since March 2008. Gold is still is up 24 percent for the year. Investors have been buying gold because of concerns about economic weakness in the United States and Europe .. Recent economic news has been more encouraging...

I predict Obama will push for a 2nd stimulus in early 2010. This one will most likely be a larger amount. Should a 2nd stimulus be introduced, gold will move to $2000 with in a year’s time, and the dollar will crash… I believe this is a very likely scenario. Here are a couple quotes from self-made million and billionaire stock investors: Jim Rogers – “We may experience hyper inflation, DOW 30,000 is possible” (this is NOT a good thing). Marc Faber – “I am 100% convinced we will see hyper-inflation”. Peter Schiff – “Gold will be $5000 an ounce”....

When the March consumer price index showed a 0.6 percent rise for the month and 3.1 percent for the year, many claimed inflation had suddenly become a big problem the Fed will have to battle with a series of interest rate hikes. Those same people did not, however, argue the Fed should lower rates in January simply because the monthly CPI then rose by only 0.1 percent. Nobody should try to find inflation trends in such monthly wiggles. We should be watching for sustained changes in year-to-year inflation rates. And Fed governors should take greater care than they did in...

NEW YORK, Jan 16 (Reuters) - Gold stormed to its highest in almost six years on Thursday in New York, as jitters about another Gulf War mounted after the United Nations said it found empty chemical warheads in Iraq. Gold was already on its way up before the news hit shortly after midday. At 1317 EST benchmark COMEX February gold was up $7 at $358.10 an ounce, topping at $359, the highest for benchmark gold since February 1997. Spot gold jumped to $358.40, its highest since March 1997 and was last quoted at $357.20/8.40, up from $350.60/1.10 at New York's...