It's QE to Infinity, Buy Gold and Get Out f U.S. Dollars
Peter Schiff on CNBC (1/28/2014)
Though silver unfortunately was the worst performing precious metal in 2013, I am convinced that this year will be an entirely different matter.
Few people realise how undervalued this metal is at the current prices and many analysts believe that 2014 could bring increased silver market strength, as well as higher prices.
As in the case of gold, silver prices came under massive selling pr...
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Right now I’m focused on two things: The first is that final Chinese demand as approximated by the gold that goes through the Shanghai Exchange now exceeds estimated global mining production. We had been talking late last year when China had gotten to the point where they were buying roughly 100% of mining production, but now they clearly exceed it.
This should bring forward the date at...
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Right now the whole world is focused on emerging markets. We have seen a number of currencies in turmoil, including the South African rand, the Turkish lira, and the Argentine peso.
All of these central banks are raising their interest rates in order to protect their currencies from going into free fall. Of course this is helping gold. We have also seen some nice upside action in the gold...
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I’m 46 years old, and I’m about to invest in gold for the first time in my life.
You see, unlike most MoneyWeek writers, I’ve always been a big sceptic when it came to gold.
I’ve struggled to understand why people ascribe so much value to the metal. Apart from jewellery, it has virtually no use. Gold is only valuable because people say it’s valuable.
What’s more, I’m not...
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Let's face it, 2013 was rough on silver.
The precious metal started out the year at $31, and ended at $19.50, continuing an overall slump dating back roughly to mid-2011.
That, however, obscures a massive run, like gold, that silver embarked on in 2001 when it was near $4, eventually topping out around $49 in April 2011. At its peak it generated a return of 1,091%.
Heading into 2014, I...
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Below is the powerful interview with Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland.
Greyerz: “Eric, in my last few interviews I spoke about the risks I see worldwide. I have also said that each one of these risks is serious to start a cascading series of events which would bring the entire financial system down.
But anot...
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Richard Russell, has issued a dire warning, saying that even though there will be rallies in the major markets, stocks are now headed into crash mode as the US government is using massive propaganda and lying to its people.
Russell: “The market was in semi-crash mode (Friday), closing on its lows with no late rally. I don’t think anybody knows what’s going on, but this is the story...
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Beginning by disavowing Mario Gabelli of any belief that rising stock prices help 'most' people ("
Fed data suggests half the US population has seen a 40% drop in wealth since 2007"), Marc Faber discusses his increasingly imminent fears of the markets in this recent
Barron's interview....
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In this article, Adam Hamilton from
Zeal Research discusses three signs which point to gold’s bottom. First, he compares gold to the US stock market. Second, he looks at the mass exodus from the flagship gold ETF, the GLD. Third, he points to the the extreme selling by American futures speculators.
Sign 1: Gold vs the S&P500
Adam Hamilto...
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