From the category archives:
http://www.bloomberg.com/apps/news?pid=20601012&sid=aMwurj2nS2Bs&refer=commodities
My Opinion: As previously mentioned, shares of gold producing stocks will rise this year, reflecting the increased profit they can make. With gold trading above $900/oz and currencies of resource rich nations depreciating, this presents a unique profit maximization opportunity for many.
Firms like Kingsgate consolidated have announced sales may double this year compared to last, [...]
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Emerging economies eye gold reserves as dollar fears rise
DUBAI, March 2 (Reuters) — Major emerging economies are seeking to raise their central banks’ gold reserve holdings as fears of a sharp depreciation in the U.S. dollar mount, senior industry officials said on Monday.
Investors have been piling into gold as a safe haven as the the [...]
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I’ve been inundated with questions from readers about what’s going on in the markets right now. So I dedicated this week’s issue of Money and Markets to answering some of the most burning questions I’ve received.
Everything from where I think gold is headed now that it’s broken above my key resistance level, to what [...]
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Dollar’s fall last week is exactly what I’ve been warning about. Bear market in dollar is NOT over. See this article from Bloomberg. — Larry
Dollar Staggers as U.S. Unleashes Cash Flood, Deficit (Update2)
Dec. 15 (Bloomberg) — The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a [...]
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If you think there’s no money to be made in the markets think again!
Take oil companies. They’re trading as if their oil reserves are worth as little as 15 cents on the dollar. Gold miners? They’re an outright steal. One of my favorites with over 93 million ounces of gold, is valued at just [...]
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Richard Russell, who lived through the Great Depression, writes the following in the November 26 issue of his newsletter, “Dow Theory Letters” …
‘… if the government wants to inflate in a time of deflation, and the dollar’s viability is under attack, the government could back the dollar with gold. The government could unilaterally raise the [...]
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Gold demand is exploding higher … shouldn’t be a surprise. – Larry
RECORD DOLLAR DEMAND FOR GOLD AS WORLD LOOKS FOR HAVEN FROM TURMOIL
November 19, 2008 (WORLD GOLD COUNCIL) — Dollar demand for gold reached an all time quarterly record of US$32bn in the third quarter of 2008 as investors around the world sought refuge from [...]
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On Saturday, the Group of 20 countries (G-20) will gather in Washington, D.C. to discuss the financial markets and the global economy.
But if you think these meetings are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again!
Behind [...]
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Here’s some important news no one else is telling you: The Dow is now trading at the equivalent of the 2,500 level!
Yes, that’s right. In terms of “honest” money — gold — the Dow has already lost 77% of its value!
How can that be? It’s because the world no longer uses “honest” money [...]
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The top question I’ve been getting from subscribers these days is about what’s going on with gold and whether or not its bull market is over. My answer? No way, no how!
Any pullbacks in the precious yellow metal, no matter how bearish they may appear, are opportunities to buy! The basis for that view [...]
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