Gold & Precious Metals

Gold’s miserable 2013 has been devastating for gold stocks.  This sector, arguably the best performing over the 2000s, has quickly become the pariah of the markets.  And no group of gold stocks has seen more carnage than the junior explorers.

Descriptive of their name, junior gold explorers are small mining companies that explore for gold.  And within this sub-sector is a wide spectrum of exploration stages, from early-stage to advanced-stage.

Early-stagers are either in the process of looking for a gold deposit, or are in the beginning stages of delineating one.  In some cases they’ve moved to resource definition, but any inventory estimates are still rough due to their deposits not yet seeing enough drill holes.  Resources would be categorized as “in-house” or “inferred” (as measured by NI 43-101 standards), and they’re nowhere near reliable enough to build an operating and/or economic model.

Advanced-stage junior gold explorers already have gold deposits.  And these deposits have seen enough drill holes to give a greater confidence in their depth/breadth and resource estimates.  In this stage resources are categorized as measured and/or indicated, and in some cases proven and/or probable reserves.

….read much more HERE

Editor’s Note: The demand for new gadgets like smartphones, tablet computers and even electric cars is generating a lot of interest in the tech metals industry. This relatively new group of metals and minerals is a combination of precious metals and rare earth elements. Kitco News sees the need for reliable information about this growing commodities sector. For this reason Kitco has partnered up with Bodo Albrecht an independent analyst with 20 years of experience in the precious metals industry. Stay tuned for this weekly new feature on kitco.com! Tech Metals Insider – one more reason to come to world’s premier gold site.

Sustainability and eco-friendliness aren’t necessarily the first words that come to the minds of many when thinking about BMW, famous maker of “the ultimate driving machine.”

Driven largely by the values of some of the company’s biggest shareholders, BMW entered a path of sustainability many years ago; the company’s efforts are beginning to show in a big way and are impacting the technical metals industry, as seen in their latest reaction.

….read more HERE

Faber: The DOW Jones will go to 100,000….

images….its possible. If you Print Money, everything is possible

SMN: Has the Cyprus confiscation got you worried about paper money and the banking system in general?

Marc Faber : I was just now writing about the 1970s, because I started to work in 1970. At that time, I can tell you precisely, the US Stock Market capitalization was slightly in excess of $800 billion. The total bonds market at that time was slightly below $800 billion. These are total global bonds. Over the last 40 years, we had a huge expansion of the financial sector as a percent of the real economy. There has been GDP growth and some countries opened up, like China and the former communist countries, that I concede. But still, on top of a real economy that is say 100, we’ve built financial sector liabilities of something like 1,000. In other words, the financial markets completely dwarf the real economy.
I believe in reverting to the mean. In other words, at some stage, every inflation leads to deflation in that particular sector, whether it’s housing, the NASDAQ, the NIKKEI, or whatever it is. I believe one day, paper money and financial assets will be destroyed, but I’m not saying tomorrow. Maybe it happens from a market capitalization that is much higher. Someone said to me, “The DOW Jones will go to 100,000.” Yeah, it’s possible. If you print money, everything is possible.

…..in Sprott money News Interview : Click Here to watch the full interview >>>>>>

…more from Marc Faber:

Sovereign Defaults Are Coming

The FED is scratching their heads

The FED through Money Printing, created Financial Wealth and impoverished the working class

 

“This market has not peaked yet” & is….

……”destined for much higher Prices”

The False Move

 

DJIND-D-8-1-2013

Just as they say there is the calm before the storm, there is always the false move before the breakout. As we approach the midpoint on the Economic Confidence Model August 7th, which is curiously 31.4 days from the low, we should keep in mind that this is the midpoint and not the climax peak. Resistance still stands at the 16000 level. The Dow has been crawling sideways buying time.

DJFOR-D-8-1-2013

The timing arrays are also now lining up with August 7th. This is independent of the ECM and is the collection of 72 models. Thus, as we move close to this target, we also see a Panic Cycle and volatility rising the week after.

DJ2731-W-False-Move

Capital will begin to shift and start to make its decision. If we see a high on the 7th in the Dow, we may see the classic False Move to the downside for the typical time period of 1 to three units. This is what we may see. A brief correction with all the bears yelling I told you so, then followed by a rally that wipes them out. This market has not peaked yet and it is destined for much higher prices ahead going into 2015.75.

 

Tangible v Intangible Money – Why Times Have Changed

The mantra of Goldbugs has been that paper money is worthless and only gold is money. That is pretty much like saying the earth is still flat.

….read more HERE

Fed Double Talk or Cryptic Reality

 

…read Martin’s post HERE

 

 

Market Performance Numbers

McIver Wealth Management Consulting Group, Richardson GMP Limited

What major stock market is up 57% over the past 12 months?  What precious metal is down nearly 30% over the same time frame?  The answers are all right here and they may surprise you:

 http://origin.library.constantcontact.com/download/get/file/1109726033224-220/Monthly+Returns+-+July+2013.pdf