[Gary Leibowitz frequently raises hackles in the Rick’s Picks forum with his mantra that business is great, stocks are underpriced, and -- at least for the time being -- the U.S. economy is going great guns. Who knew that he is also expecting a global depression that will last for more than a decade? In the guest commentary below, he explains why – but also why, with two caveats, gold is l... read more
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Gold 1592.93
 18.47Silver 28.74 0.7Platinum 1455.5 2.5 |
By Jordan Roy-Byrne, CMT
Normally catching a bottom is not difficult. Bottoms tend to occur instantly while market tops form during a process. Yet, I’ve found that bottoms of long-term significance do not occur instantly. Like tops, they take time to develop. For example, think about late 2008 to early 2009. Commodities hit their price low in December but the bottoming process began i... read more
Gold’s London AM fix this morning was USD 1,652.50, EUR 1,257.71, and GBP 1,020.44 per ounce.
Yesterday's AM fix was USD 1,661.25, EUR 1,253.02 and GBP 1,024.70 per ounce.
Gold fell $4.40 or 0.26% in New York yesterday and closed at $1,661.70/oz. Gold rose to over $1,670/oz in early US trading prior to selling capped price gains and the price then fell back to the $1,660/oz level.
G... read more
Paul Mladjenovic
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April 24, 2012 - 6:43am
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Copyright 2012. Paul Mladjenovic. All rights reserved.
In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.
As you kn... read more
There are a nine prevalent myths and false arguments that bankers and their puppet commercial investment firms have used to keep people from buying physical gold and physical silver over the years (remember the paper GLD and the paper SLV is NOT a proxy for physical gold and physica... read more
Wall Street is buzzing about the annual report just put out by the Dallas Federal Reserve. In the paper, Harvey Rosenblum, the head of the Dallas Fed's research department, bluntly calls for the breakup of Too-Big-To-Fail banks like Bank of America, Chase, and Citigroup.
The government's bottomless sponsorship of these TBTF institutions, Rosenblum writes, has created a "residue of distr... read more
By Jerry Bowyer
In the previous article in this series I pointed out that even after recent dramatic sell-offs gold prices are still higher than one would expect if one saw them as being driven only by money creation. And this state of affairs has been sustained for a perio... read more
COLUMBIA, S.C. --
South Carolina residents would be able to use gold and silver coins as currency under a bill advanced Tuesday by a House panel.
The measure approved by the House Judiciary Committee would let people use the precious metals as money as long as businesses agree to take them. Legislators had made the argument that they didn't want to force businesses to take the metals... read more
Gold’s London AM fix this morning was USD 1,694.75, EUR 1,291.44, and GBP 1,082.63 per ounce.
Yesterday's AM fix was USD 1,705.25, EUR 1,299.93 and GBP 1,088.57 per ounce.
Click here or on video to watch... read more
Gold rose to $1,700 last week and is holding that level in a very tight trading range.
The last few weeks have seen a larger consolidation pattern forming, pointing to a much bigger consolidating pattern that implies far more than just a short-term trading move just ahead of us. The forces that drive both supply and demand in the very short-term are just about in balance, so it is appr... read more
