Daily Updates

Gold: Safety & Mixed Economic Signals

Posted by Mark Leibovit VRTrader & Equedia

on Monday, 6 December 2010 13:51

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This Excerpt from Mark Leibovit’s VR Silver Newsletter covering Stocks, Bonds, Gold, US Dollar, Oil CLICK HERE

GOLD and METALS – ACTION ALERT –

Precious metals surged across the board to record highs as the Dollar fell and traders looked for safety after mixed economic signals and uncertainty in Europe with the recent bailout of Ireland, even though spreads have narrowed in recent days. Gold rose 29.60 to 1414.50, just shy of the intraday high of 1425.50 set on November 9. Silver jumped 0.84 to 29.38, hitting a thirty-year high of 29.43. Platinum rose 14 to 1725. Palladium jumped 7 to 767 and hit a ten-year high of 783.

I continue to urge you to buy Gold and Silver bullion on dips. We are experiencing a worldwide currency devaluation not seen since the 1920s and 1930s. You will not notice the Dollar, Yen, or Euro decline in value against each other because they are falling together. But you can clearly see their declines when you compare them to the metals and even to other commodities. Gold and silver have become the currencies of default and the Dollar is trading off of them. Gold and silver are money again!

Also from Equedia

Time to Shine

It’s about time the contrarians realise that the world has changed.

Gold continues to climb, closing at over $1400/oz this past Friday. And the word on the street is that this run is far from over.

That’s why later this week we will be releasing, for the first time this year, a Special Report Edition focused on a junior gold explorer. More on this in a bit.

Gold imports into China have soared this year, turning the country, already the largest bullion miner, into a major overseas buyer for the first time in recent history. China’s hunger for gold (see Where the Billionaires Invest) shot gold prices to new levels this past week when the Shanghai Gold Exchange said that China’s gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year.

But despite record nominal gold prices, gold miners just can’t keep up with the demand. And that’s not a bad thing for us junior precious metals investors.

….read more Time to Shine, The Juniors Dominate & The Hottest Gold Plays HERE

Peter Grandich: One of the most prophetic comments I’ve heard since 2007.

In October 2007, I made my most dire forecast in my lifetime. I foresaw what I described as America’s worse ever financial crisis about to unfold, suggested the sale of all U.S. equities except those related to precious metals, and even went as far as to invoke shorting the U.S. market. A watershed event that help lead me to these actions was my viewing of an interview by a man who I called a true American financial prophet – Mr. David Walker (who is still one in my book).

As you know, I firmly returned to the bearish camp about a month ago and have been presenting very alarming reasons for my decision. Like in 2007, an interview that aired today on the superb Canadian financial network, Business News Network, is not only required viewing for all like David Walker’s was, but the guest (Mr. David Stockman) is now another financial prophet in my book.

I know this month is the last month anyone wants to hear about bad news. No matter what has happened the first eleven months of the year, the natural tendency is to make the best of things this month and put off being concern until after New Year’s. The “Happy” people on Wall Street know that too and do their best to take advantage of it with their annual fairytale called  the “Santa Claus Rally”.

Bah-humbug may be the least you say about this and feel like I’m sticking a lump of coal in your Christmas stocking, but I’m here to tell you this interview today was the most prophetic comments I’ve heard since 2007.  The greatest present IMHO is one that gives the recipient pleasure not today but for the future. I believe those who heed Mr. Stockman’s opinion will be able to separate themselves from a massive amount of people who today have no idea how difficult their lives and those of their children and their children’s children will be by not preparing for this vision of America’s future.

TSX – SP500 “Exceptionally Bullish”

Posted by Don Vialoux - Timing the Market

on Friday, 3 December 2010 12:19

SP500

Technical action by S&P 500 stocks was exceptionally bullish yesterday. Forty S&P 500 stock broke resistance (too numerous to include in this report) and one stock broke support (Kroger). The Up/Down ratio increased from 4.79 to (374/75=) 4.99.

S&P500 seasonal analysis has revealed that with a buy date of March 9 and a sell date of June 4, investors have benefited from a total return of 85.05% over the last 10 years. This scenario has shown positive results in 7 of those periods.

Conversely, the best return over the maximum number of positive periods reveals a buy date of March 12 and a sell date of June 1, producing a total return over the same 10-year range of 79.65% with positive results in 9 of those periods.

….read Don’s whole Exceptionally Bullish analysis with charts HERE

Gold bugs are an interesting bunch. Traditionally known for extremely conservative political views as well as a passion for guns and canned goods, talking to a true gold bug can be a lot of fun if you have an open mind. However, these days, the gold-is-always-good crowd just might have a point or two worth considering.

In this issue, I tackle once and for all the irrational fear of gold confiscation often hyped by our competitors. Jeff Clark shares the 12 most persuasive gold bugs this holiday season. And the Aden Sisters examine the re-monetization of gold happening before our eyes.

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