Gold & Precious Metals

What is going on in Washington is more of a political charade than real budget negotiations. I think over the last week, despite seeing equities marginally slip, investors are looking past a budget deal because they know, that  inevitably, this will be resolved.

A lot of fear and focus is going into what will happen if the US were to actually default on its debt, but investors are seeing past that commentary, as at this point it is far too premature. Hence, why gold is one of many assets yet to react. Should sentiment drive gold prices higher in the near term, it would require a further trigger for the momentum to continue. 

Click here to read more.

 

Robert Levy

Border Gold Corp.

rlevy@bordergold.com | 888.312.2288

www.bordergold.com

 

Two Titans On: Learning from crisis

Posted by Pimco's Bill Gross & Blackrock's Larry Fink via Rob Levy of Border Gold

on Friday, 4 October 2013 16:24

Screen Shot 2013-10-04 at 9.30.43 AM5 Secrets of Success & 3 Biggest Challenges Facing Investors. An uncensored frank discussion with two titans of industry: PIMCO Founder and co-Chief Investment Officer Bill Gross, and BlackRock CEO Larry Fink. Presented by UCLA’s Anderson School of Business, the two discuss the five secrets of their success and the three biggest challenges facing investors.

 

You call this a shutdown?

Posted by Michael Campbell - Money Talks

on Friday, 4 October 2013 16:13

Michael Mike Campbell image Michael illustrates some glaring facts about the latest big scare perpetrated by proponents of big government, the so called “shutdown” of the US government. For example the Department of Defense announced the awarding of 94 new contracts worth more than 5 billion dollars – the day right before the “government shutdown”. The ” shutdown” has not prevented the new two billion dollar NSA spy center from opening up.

Approximately 1,350,000 “essential” federal employees are continuing to work during the “shutdown”.

Every entitlement program from food stamps, unemployment insurance, social security to medicare are being fully funded. 

And of course all Senators, The President and members of Congress and their staffs will get paid. 

Rational people don’t call this a catastrophe.

 

{mp3}mcbuscomoct4fp{/mp3}

For the past 11 trading sessions the Canadian dollar futures have traded within a tight 88pt range. With little domestic data this week and the continued government shutdown in the US the Canadian dollar is looking for a catalyst to push it out of this range.

 

Drew Zimmerman

Investment & Commodities/Futures Advisor

604-664-2842 – Direct

604 664 2900 – Main

604 664 2666 – Fax

800 810 7022 – Toll Free

dzimmerman@pifinancial.com

VictorAdair.com

 

Silver: Looking For That Elusive Bottom

Posted by Mark Leibovit - VR Gold Letter

on Friday, 4 October 2013 15:17

 Last week we took a look at potential bullish outcome for gold via an apparent developing ‘head-and-shoulders’ formation. This week, I am taking a brief look at silver which is experiencing terrible indigestion against what is now a 29 month downtrend going back to the May, 2011 high near $50. That downtrend line (shown below at the $25.00 level) will need to be decisively penetrated while simultaneously crossing above the 50 week moving average (blue line) and th 200 week moving average (green line). Silver is now trading underneath all of the above. Support is currently at 20.66 followed by the June 27 low at18.31. Downside risk is into the 13.00-15.00 range if these levels are violated. A downtrend is a downtrend until proven otherwise. In the seasonality chart for Silver on Page 2, it appears some further indigestion may be ahead here in October.

Silverleibovit2

silverleibovit

 

Ed Note: Michael Campbell is very impressed by Mark’s work in his VRGold Letter:

Mark Leibovit’s VR Gold Letter provides investors, portfolio managers and traders his unique insights, opinions and recommendations for the Gold, Silver and Platinum markets utilizing his proprietary VOLUME REVERSAL™ and Cyclical (Annual Forecast Model) Strategies.
awards-1024x118
 
You can learn more about it HERE

test-php-789