Blog posts tagged with 'Gold Prices'

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Friday, September 06, 2013
Oil extends gains toward $110 after US jobs report

Paul’s Economic Outlook:

August jobs report: Hiring continues as unemployment falls

jobs report data 090613

The jobs report was basically flat. Watch the Fed meeting next week (Sept. 17-18), 50% chance they taper.


Suggested Reading:

U.S. economy adds 169,000 jobs in August

Unemployment falls to 7.3% as more people quit looking for work

http://www.marketwatch.com/story/us-economy-adds-169000-jobs-in-august-2013-09-06?siteid=yhoof2

Knee jerk reaction. Not much has change. Taper on Fed Meeting September 17-18 is still around 50%.

 

Oil extends gains toward $110 after US jobs report

http://finance.yahoo.com/news/oil-extends-gains-toward-110-us-jobs-report-135055128--finance.html

Have you noticed prices at pumps are down. The U.S. is adding large gas supplies (transportation). Oil per barrel $110 because of energy production and the world.

 

How low can gold go?

http://www.futuresmag.com/2013/09/06/how-low-can-gold-go?ref=hp

It is not a question of if, but when.

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Wednesday, September 04, 2013
Gold Extends Early Losses to Trade Sharply Lower, Below $1,400

Paul’s Economic Outlook:

At the end of September we will see a huge boost to the economy because the problems in Syria, the September Fed Meeting, QE tapering, the Debt Ceiling Limit, Ethanol Farm Subsidies, Europe running out of money again, U.S. adding 10 additional producing oil producing wells per day and the end of the summer oil spike will all be over.

Suggested Reading 

Update: Gold Extends Early Losses to Trade Sharply Lower, Below $1,400

http://www.kitco.com/news/2013-09-04/KitcoNews20130904JW-UPDATE.html

There is alot of volatility in September. Most of the volatility for the U.S. markets should settle down at the end of September.

 

Eurozone ends recession as economy grows 0.3%

http://news.yahoo.com/eurozone-ends-recession-economy-grows-0-3-093012681.html

The Eurozone printed tons of money in January which is propping them up. They have not solved any of their problems and they will need more money by the end of September.

 

Europe's automakers to lose billions in 2013: Moody's

http://www.cnbc.com/id/101007119?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101007119%7CEurope%27s%20automakers%20to%20lo

The Eurozone printed tons of money in January which is propping them up. They have not solved any of their problems and they will need more money by the end of September.

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Wednesday, July 31, 2013
Gold slips as mostly positive data dull appeal

Paul’s Economic Outlook:

Ben Bernanke speaks at 2 pm EST. If Bernanke is dovish gold should go up. If he is hawkish gold should go down.

 

Suggested Reading

Gold slips as mostly positive data dull appeal

Federal Reserve statement due after Comex close

http://www.marketwatch.com/story/gold-gains-as-market-nears-fed-gdp-reports-2013-07-31

Good data Fed tapers sooner.

 

Oil hovers near $103 ahead of Fed statement

http://news.yahoo.com/oil-hovers-near-103-ahead-fed-statement-051907579.html

Good data oil goes down.

 

Unemployment rates rise in 90 pct. of US cities

http://finance.yahoo.com/news/unemployment-rates-rise-90-pct-us-cities-172607433.html

Dovish comments 3 weeks ago drove unemployment up.

 

*Ben Bernanke speaks at 2 pm EST

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Monday, July 22, 2013
Bernanke Manipulates the Markets

Paul’s Economic Outlook:

Bernanke helped the market, banks and commodities during July by waffling on cutting QE. This is market manipulation. They should start cutting back in the Sept 17th meeting and will probably announce something in the July 30th meeting.

 

Suggested Reading:

Kitco Metals Roundup: Gold Sharply Up, At 4-Wk High, On Short Covering And Technical Buying

http://www.kitco.com/news/2013-07-22/KitcoNews20130722JWam-Gold-Sharply-Up-at-4-Wk-High-on-Short-Covering-and-Technical-Buying.html

Bernanke went dovish for July. Dollar down, gold broke $1,300 resistance. China is buying gold, the world banks are printing money, we are in the middle of the summer oil spike and there is a Fed meeting next Tuesday and Thursday. Gold up. This is all temporary. This ends in the Sept 17th meeting.

 

Why the Fed should scale back QE now

http://www.marketwatch.com/story/why-the-fed-should-scale-back-qe-now-2013-07-22?siteid=yhoof2

Key economic indicators point to U.S. recovery and growth. Good indicators to watch for on changes in the economy.


Why are loan fund flows losing strength?

http://finance.yahoo.com/news/why-loan-fund-flows-losing-153157748.html

Bernanke said they were going to tighten. Banks raised rates and lowered standards. Then Bernanke went dovish. Banks kept rates the same but raised standards. Loan money will become available after Sept. 17th meeting.

 

Fed considers pulling banks' commodity permits: FT

http://www.marketwatch.com/story/fed-considers-pulling-banks-commodity-permits-ft-2013-07-22?siteid=yhoof2

Federal Reserve moving to rain in market manipulation by financial institutions that are too big to fail (Morgan Stanley, etc.).

 

Market Manipulation for July

Tags :  BernankeQEgold pricesKitcobank ratescommoditiesU.S. banks
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Tuesday, July 16, 2013
Treasurys in ‘holding pattern’ before Bernanke

Paul’s Economic Outlook:

Ben Bernenke speaks on Wednesday, July 17th, about the economy. Most of the numbers are good. This would give the Federal Reserve more reasons to start tapering sooner.

 

Suggested Reading:

Treasurys in ‘holding pattern’ before Bernanke

http://www.marketwatch.com/story/treasury-prices-unchanged-after-cpi-2013-07-16?siteid=yhoof2

Waiting for tomorrow.

 

Consumer inflation stabilizing, industrial output up

http://finance.yahoo.com/news/gasoline-lifts-consumer-inflation-june-123831327.html

The numbers are getting better.

 

US factories increase output in June for 2nd month

http://finance.yahoo.com/news/us-factories-increase-output-june-2nd-month-131647398.html

The numbers are getting better.

 

Gold Longest Below 200-Day Average Since ’01: Technical Analysis

http://www.bloomberg.com/news/2013-07-15/gold-longest-below-200-day-average-since-01-technical-analysis.html

Gold’s slide into a bear market that wiped $66 billion from the value of funds backed by the metal pushed prices into the longest run below their 200-day moving average since the 12-year bull market began in 2001.


Fed Chairman speaks on the economy Tomorrow.

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Wednesday, July 03, 2013
Quarterly Job Report Released on Friday

Paul’s Economic Outlook:

The quarterly job report will be released on Friday, pay attention to what it says.

 

Suggested Reading:

Stocks edge lower as oil price climbs again

http://finance.yahoo.com/news/stocks-edge-lower-oil-price-climbs-again-140755874.html

Temporary. This also pushed gold up.

 

Gold advances on political strife, ISM miss

http://www.marketwatch.com/story/gold-logs-modest-advance-after-loss-2013-07-03

Summer normally slows down. August and September are much more importatant.

 

Jobless Claims in U.S. Fall by 5,000 in Week to June 29

http://www.bloomberg.com/news/2013-07-03/jobless-claims-in-u-s-fall-by-5-000-in-week-ended-june-29.html

Quarterly job report on Friday.

 

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Wednesday, June 26, 2013
Gold, Silver Pounded to Near 3-Year Lows on Weak Long Liquidation, Technical Selling

Paul’s Economic Outlook:

The money coming out of bonds, treasuries, foreign currencies and commodities are shifting to other parts of the markets. This money has nowhere else to go. There should be major volatility for next year, but the markets will recover.

Suggested Reading: 

A.M. Kitco Metals Roundup: Gold, Silver Pounded to Near 3-Year Lows on Weak Long Liquidation, Technical Selling

http://www.kitco.com/news/2013-06-26/KitcoNews20130626JW_am.html

The U.S. Dollar is heading to become king dollar. Foreign currencies tanking. Gold heading down.

 

The Fed Gets a New Reason to Keep Stimulating

http://finance.yahoo.com/blogs/the-exchange/fed-gets-reason-keep-stimulating-153244090.html

Spin article. Gold dropped $40 today.

 

Dollar Tsunami Hits Emerging Markets

http://beta.fool.com/preetamkaushik/2013/06/26/dollar-tsunami-hits-emerging-markets/38069/?source=eogyholnk0000001

The U.S. Dollar is heading to become king dollar. Foreign currencies tanking. Gold heading down.


 

The Dollar will be King!

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Tuesday, June 25, 2013
Gold lower, positive data reinforce taper fears

Gold lower, positive data reinforce taper fears

NEW YORK (MarketWatch) — An early rebound by gold futures gave way to renewed selling after a string of positive economic data reinforced expectations the Federal Reserve will begin to slow the pace of monetary stimulus, lifting the dollar and sending government bond yields higher.

http://www.marketwatch.com/story/gold-falls-further-as-more-analysts-cut-outlook-2013-06-25

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Tuesday, June 18, 2013
Dollar gains, shares firm as markets await Fed

Paul’s Economic Outlook:

The Federal Reserve is tightening. Dollar up, gold down.

 

Suggested Reading:

Funds cut gold positions as Paulson’s loss widens

http://www.resourceinvestor.com/2013/06/17/funds-cut-gold-positions-as-paulsons-loss-widens?t=precious-metals

The Federal Reserve is tightening. Dollar up, gold down.

 

Dollar gains, shares firm as markets await Fed

http://ca.finance.yahoo.com/news/asian-shares-capped-upcoming-fed-meeting-jangles-nerves-022050484.html

Federal Reserve tightening. Dollar up, gold down.

 

UPDATE: Gold Extends Early Losses to Trade Solidly Lower, at 4-Week Low; Stops Hit

http://www.kitco.com/reports/KitcoNews20130618JW_Update.html

Federal Reserve tightening. Dollar up, gold down.

 

Comments (0)
Thursday, May 30, 2013
UPDATE: Gold Extends Early Gains as U.S. Dollar Weakens Further

Paul’s Economic Outlook:

There is a lot of volatility today. Japan's stock is market down. The U.S. job claims are up. Gold prices are back up and the dollar went down. This is temporary though. Keep watch for the June 18 Fed meeting. Dollar up, gold down.

 

Suggested Reading"

UPDATE: Gold Extends Early Gains as U.S. Dollar Weakens Further

http://www.kitco.com/reports/KitcoNews20130531JW_up.html

Japan stock market down. U.S. job claims up. Gold up, dollar down temporarily. Watch June 18 Fed meeting.

 

Jobless claims climb 10,000 in latest week

Four-week average at highest level in a month

http://www.marketwatch.com/story/jobless-claims-climb-10000-in-latest-week-2013-05-30?siteid=yhoof2

U.S. job claims up. Gold up, dollar down temporarily. Watch June 18 Fed meeting.

 

Oil below $93 ahead of US crude inventory data

http://news.yahoo.com/oil-below-93-ahead-us-102836905.html

 

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Thursday, May 16, 2013
Gold slides to four-week low as investors sidestep bullion

Gold slides to four-week low as investors sidestep bullion

http://finance.yahoo.com/news/gold-slides-four-week-low-152151673.html

Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets.

Prices touched a low of $1,369.29 an ounce, though they pared losses after downbeat U.S. economic data weighed on stocks and the dollar, both of which have hit significant highs this week.

 

Oil falls below $94 a barrel amid high supplies

http://finance.yahoo.com/news/oil-falls-below-94-barrel-125030579.html

Oil price falls below $94 a barrel amid plentiful crude inventories, inauspicious US, EU data

 

US Dollar Rally Unfazed by a Japan GDP Beat

http://finance.yahoo.com/news/us-dollar-rally-unfazed-japan-090400702.html

 

Tags :  gold pricesoilUS dollaroil supplygold falls
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Wednesday, May 15, 2013
Gold Prices Fall Through $1,400/Oz As Market Breaks Technical Chart Support

Gold Prices Fall Through $1,400/Oz As Market Breaks Technical Chart Support

By Debbie Carlson of Kitco News
Wednesday May 15, 2013 11:35 AM

(Kitco News) - Gold prices fell through the psychologically important $1,400-an-ounce level during mid-morning North American trade on Wednesday, triggering some pre-placed sell orders.

At 11:22 a.m. EDT, Comex June gold futures were at $1,393.30 an ounce, down $31.20, and hit their lowest level since April 19.

Prices were under pressure for the entire session and were creeping lower when values slipped through the psychological support level of $1,400. This triggered pre-placed sell orders, known as sell stops, advancing weakness a bit further, market watchers said.

Analysts said there wasn’t anything in particular that sparked Wednesday’s losses, but it was just a continuation of the weakness that has plagued gold lately: a firmer U.S. dollar index and a lack of interest to buy commodities. Crude oil was also weaker, as were base metals.

“The market is its own worst enemy. It is lacking positive momentum, which is keeping bulls on the sidelines. The dollar is stronger. Buyers have just evaporated,” said Sterling Smith, futures specialist, commodity research, Citibank Institutional Client Group.

The general strength in the stock market is also an issue weighing on gold, said Sean Lusk, gold and precious metals analyst at Ironbeam.

“The stock market is up what, 14%? That’s pulling people from gold,” Lusk said.

When gold prices broke through $1,400, the major stock indexes were weaker, but since then index values turned higher.

Silver and the platinum group metals were also weaker with gold. Smith said although silver is the loss leader for Wednesday, this selloff is gold-inspired. “Gold is the leader. Silver is getting kicked around like a little beat-up soccer ball,” he said.

Lusk said gold also has not reacted bullishly to news that previously would be considered bullish, particularly announcements in the past few weeks about central banks, such as the Bank of Japan, the Reserve Bank of Australia and South Korea’s central bank all either enacting some monetary stimulus or lowering interest rates.

“When a market can’t rally on bullish news, that’s a problem,” he said.

Technical price charts are also bearish for gold. Lusk said gold needed to try and get back above $1,500 last week to regain some upside momentum, but it never came close to that area.

Both Smith and Lusk said a close under $1,400 by the June gold contract opens the door to further weakness. Both put the next support level at the $1,380 to $1,385 area. Smith said after that is some support at $1,365.

However, if prices fall under there, the next floor is the major support level from mid-April, $1,321.50, which was the low after the big April sell-off, both said. If the market falls to there, how gold acts in that region will be telling. If it holds support, buying could come back in; however, Smith said, if it breaks that April low, “the world will get interesting.”

He said a break under $1,320 may lead to further losses as interested buyers may step back to see just how far prices might fall before coming back in.

Tags :  gold pricesgold fallsgold below $1400kitco
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Thursday, May 09, 2013
Gold Weaker On Technical Chart Consolidation, More Weak China Economic Data

Paul’s Economic Outlook:

It will be pretty quiet until May 22nd when the Federal Reserve will release the meetings minutes.

 

Hedge fund chief Paulson loses big on gold

http://finance.yahoo.com/news/hedge-fund-chief-paulson-big-142913161.html

So much for the people recommending gold.

 

Kitco Metals Roundup: Gold Weaker On Technical Chart Consolidation, More Weak China Economic Data

http://www.kitco.com/reports/KitcoNews20130509JW_am.html

Dollar up, gold down.

 

Student Loan Debt: How Much is Too Much?

http://finance.yahoo.com/news/student-loan-debt-much-too-100043362.html

Student loan bubble and bond/treasury bubble still looming ahead. Both will move money out of bonds, treasuries and student loan bundles to corporate stocks.

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Tuesday, May 07, 2013
U.S. Crude Supplies Hit Record High
Paul’s Economic Outlook:
 
The U.S. dollar is on one side of the scale and foreign currency is on the other side. If one side goes up,  the other side goes down and vice versa. Gold is a tool to protect you against the dollar inflating, not foreign currencies. When foreign currencies inflate(weakening), the U.S. dollar defaltes (strengthening).
 
The U.S. has over 1771 drilling rigs operating. About 1 in 5 of these wells is a success. Takes about 30 days to drill a hole, which means we are adding about 10 wells per day. There should be enough new supply of oil by the end of the summer oil spike (last week of September) to push oil prices down. We should see $65 to $75 per barrel.
 
Suggested Reading:
FOCUS: RBA Rate Cut Doesn't Support Gold; Other Factors Influencing
Australia cut interest rates (Inflation). Dollar up, gold down.
 
U.S. Crude Supplies Hit Record High
Sideways drilling and fracturing are beginning to raise U.S. supplies.
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Tuesday, April 16, 2013
Gold Temporarily Rebounds

Paul’s Economic Outlook:

Gold temporarily rebounded. But there shouldn’t be any long term support. $1,389 is the new high. It will go lower.

 

Suggested Reading:

Wall Street rebounds as gold recovers, data signals strength

http://news.yahoo.com/stock-futures-signal-higher-wall-street-open-083126953--finance.html

Spin article. Wall Street rebounds because U.S. private sector and U.S. dollar are doing better than anyone else. Gold temporarily rebounds. No long term support. $1,389 is the new high. I will go lower.

 

'Absurd' Chinese Trade Data Confound Analysts

http://finance.yahoo.com/news/absurd-chinese-trade-data-confound-090309089.html

House of cards.

 

Oil slides below $88 per barrel

http://finance.yahoo.com/news/oil-slides-below-88-per-barrel-055049230--finance.html

Oil heading to $65 to $75 per barrel because of sideways drilling and fracturing. This is a good thing. Transportation, manufacturing and agriculture cost go down.


Trade Pacts With Europe and Japan Will Boost Unemployment

http://finance.yahoo.com/blogs/the-exchange/trade-pacts-europe-japan-boost-unemployment-164940505.html

 

JIM ROGERS: Like I Said, I Expect Gold To Go As Low As $1,200

http://finance.yahoo.com/news/jim-rogers-said-expect-gold-180550281.html

US, China Data Set Negative Tone for Oil Prices

http://finance.yahoo.com/news/us-china-data-set-negative-064600719.html

A Complete Look At China's Latest Disappointing Data In One Chart

http://finance.yahoo.com/news/complete-look-chinas-latest-disappointing-044921687.html

Tags :  Wall StreetGoldChinaOil pricesU.S. dollargold prices
Comments (0)
Monday, April 15, 2013
Gold tanks to 2-year low as China weighs on stocks

Paul’s Economic Outlook:

There is a 50% chance gold will bounce back $50 to $100 in next two to three days. However, there is a 50% chance that one of the big players decides to dump and gold drops below $1,000 in next two to three days. The long term trend of gold looks to be $600-$800 in next 6 months.

 

Suggested Reading:

Gold tanks to 2-year low as China weighs on stocks

http://news.yahoo.com/gold-tanks-2-low-china-143347672.html

Will it bounce or tank? We will know in next two days.

 

Sector Snap: Oil stocks decline after China report

http://news.yahoo.com/sector-snap-oil-stocks-decline-175453260.html

As Europe drops so will China.

 

Uh Oh, Obamacare Math Sinks In for Small Businesses

http://finance.yahoo.com/news/uh-oh-obamacare-math-sinks-152220158.html

Anti business policies like this slowing U.S. private sector recovery.

Tags :  goldChinaObamacareOil stocksgold pricesgold plummetsGold $1350
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Monday, April 15, 2013
Gold Tumbles Again: Is the Era of Gold Over?

By Bernice Napach | Daily Ticker – 3 hours ago

Gold plummeted to just below $1,400 an ounce Monday morning, its lowest price since March 2011. Slower than expected first quarter growth in China was the catalyst for today's drop (following a $60 decline last week on reports that Cyprus is planning to sell some of its gold reserves). Gold is now trading 27% below its September 2011 high of $1,920.

“Gold is kind of giving up,” says Michael Haigh, global head of commodities research at Societe Generale. "Gold is a different animal than the rest of the commodities complex, driven primarily by macrodrivers,” and those macro-drivers now are driving gold prices lower.

Haigh says the bull case for gold "doesn’t look like a great idea anymore especially with the dollar strengthening and real interest rates expected to rise” at some point because of extensive quantitative easing. In addition, inflation pressures have yet to emerge and gold didn’t push through $2,000 an ounce as many thought it would and because the macroeconomy looks stronger.

“China doesn’t look like it’s going to have a hard landing," Haigh said ahead of Sunday 7.7% GDP report. "People are fatigued with Europe and the U.S. looks like it’s doing okay.”

In an April 2 report titled "The End of the Gold Era," Societe Generale forecast gold ending the year at $1,375 an ounce. In a note published eight days later Goldman Sachs forecast gold at $1,450 an ounce by year end, but said the decline could be larger.

The Daily Ticker contacted Societe Generale and Goldman Sachs to check if either was updating its year-end price target given today's near $100 drop in gold prices. Haigh at Societe Generale says the bank is not changing its $1,375 year-end forecast but notes that "some gold miners will get into hot water" if prices continue to plummet. Goldman Sachs hasn't responded yet to our request yet.

Whether gold continues to fall and how far will depend in large part on inflation expectations. Haigh says earlier market forecasts for higher gold prices were fed largely by expectations that aggressive central bank quantitative easing (buying assets) would lead to high inflation, but that hasn't happen.

In the U.S. consumer prices rose 2% on an annualized basis according to the latest available data for February 2013. That’s slightly above the 1.7% rate for all of 2012 but lower than 3% recorded for 2011. Japan recently announced it too would adopt quantitative easing in order to boost growth—and inflation—but Haigh isn't convinced that will boost global inflation.

“If you get renewed quantitative easing globally, then obviously there are inflationary pressures there," Haigh says. "But even with these extensive and extended periods of times of QE we really haven’t seen any inflation surface [but] rather just central bank balance sheets growing."

And in the U.S., he notes, some Fed officials have been pushing for an earlier exit from quantitative easing.

Even if inflation doesn't rise, there are limits to how far the price of gold—or any commodity—can fall. “Prices can’t continue to fall below the cost of production for an extended periods of time,” says Haigh.

Source:http://finance.yahoo.com/blogs/daily-ticker/gold-loses-another-6-monday-era-gold-over-123319133.html

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Friday, April 12, 2013
Gold Getting Hammered Again! Watch for $1,470 Support Level

Paul’s Economic Outlook:

The dollar is up, and gold prices are back down.  Reuters published that Gold dropped more than 20 percent from its record 2011 highs, putting it in bear market territory for the first time after 12 years of gains. This is a trend. It is time to exit.

 


Suggested Articles

Gold Update: Comex Gold Falls Below $1,500/Oz On Heavy Stop-Loss Selling, Long Liquidation

http://www.kitco.com/reports/KitcoNews20130412AS_update.html

Mini panic sell off.

 

Gold Getting Hammered Again! Watch $1,470 Support Level, Says Najarian

http://finance.yahoo.com/blogs/breakout/gold-getting-hammered-again-watch-1-470-support-135739074.html

Gold is not a wealth preservation tool anymore. It is a secondary currency.

Jon Najarian, co-founder of OptionMonster.com, said in a yahoo interview that if gold breaks current levels and can't hold $1,470, it's got a long way to fall as far as the Option Monster is concerned. He doesn't see additional support until $1,340 and isn't going to hang around until it gets there if the first line of support doesn't hold.

 

China Has Been and Will Continue to Be a Bad Place to Invest: Jim Chanos

http://finance.yahoo.com/blogs/daily-ticker/china-continue-bad-place-invest-jim-chanos-130141943.html

House of cards.

Comments (0)
Thursday, April 11, 2013
Gold, Long a Secure Investment, Loses Its Luster

Paul’s Economic Outlook:

The big guys are starting to pull back from gold. Yesterday, Goldman Sachs forecasted a year-end target of $1,450 an ounce for gold, with it slipping even further in 2014. Yesterday’s Fed minutes revealed that many central banks are considering to scale back on monetary stimulus. The strengthening U.S. dollar, labor market and improved economic outlook should have a negative effect on gold prices.

 

Suggested Reading:

Gold, Long a Secure Investment, Loses Its Luster

http://nyti.ms/ZHGZ8J

 

Gold Falls Amid ‘Steady, Large’ Outflows from Bullion ETFs

http://finance.yahoo.com/news/gold-falls-amid-steady-large-125505171.html

Repositioning to lower risk to gold collapsing.

 

Gold Prices Slump as Fed Considers Scaling Back

http://www.thestreet.com/story/11892109/1/gold-prices-slump-as-fed-considers-scaling-back.html

Dollar up, gold down.

Exit Strategies for Getting Out of Gold

http://www.rarecoinwholesalers.com/news/164/gold-market-update-how-far-will-gold-drop

Comments (0)
Wednesday, April 10, 2013
Markets Solid After Early Release of Fed Minutes

Paul’s Economic Outlook:

Part of Europe, the Soviet Union, the Middle East, China and Japan are heading toward bad times. Parts of Europe, Canada, Australia, Argentina, Venezuela, Brazil, South Korea and Taiwan are getting back into bed with the U.S. to take advantage of the strengthening dollar and private sector.

Suggested Reading:

Markets solid after early release of Fed minutes
http://finance.yahoo.com/news/markets-solid-early-release-fed-minutes-140154147--finance.html
Federal Reserve made no changes to the January Fed Minutes at looking at ending QE3 and Operation Twist in mid 2013.

EU raises flag over French, Italian, Spanish economies
http://finance.yahoo.com/news/spanish-slovenian-economies-risk-imbalances-125320418.html
They run out of money in august, again.

Gold Falls Amid ‘Steady, Large’ Outflows from Bullion ETFs
http://finance.yahoo.com/news/gold-falls-amid-steady-large-125505171.html
Repositioning to lower risk to gold collapsing.

Gold Prices Slump as Fed Considers Scaling Back
http://www.thestreet.com/story/11892109/1/gold-prices-slump-as-fed-considers-scaling-back.html
Dollar up, gold down.

Tags :  U.S. dollarPrivate SectorFedEUgold prices
Comments (0)
Thursday, April 04, 2013
Japan central bank revamps policy to boost economy

Paul’s Economic Outlook:

Watch for a stock market correction in second quarter and a 2nd stock market correction when the Federal Reserve raises interest rates. The rest of the world is debasing the currency. The U.S. started to change policies from debasing to strengthening since October 2011 (71 points to 83 points in a year and a half). This trend will excelerate.

Suggested Reading:

Japan central bank revamps policy to boost economy
http://finance.yahoo.com/news/japan-central-bank-revamps-policy-boost-economy-081553143--finance.html
Spin article. Yen down, dollar up, gold down.

Modest Jobs Growth Expected to Continue
http://finance.yahoo.com/news/modest-jobs-growth-expected-continue-133600937.html
U.S. Private Sector (70% of U.S. GDP) is adding jobs. The Public Sector (30% of U.S. GDP) is losing jobs. Dollar up, gold down.

Kitco Metals Roundup: Sell Off in Gold Continues as Prices at 10-Month Low; Serious Chart Damage Inflicted
http://www.kitco.com/reports/KitcoNews20130404JW_am.html
Dollar up, gold gown.

Video Interview

Power Trading Radio interview with Paul Buzby on Precious Metals & Rare U.S. Coins
 

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Wednesday, March 27, 2013
Fed’s Unintended Consequences Are Hitting Everyday Life: Kenny

Paul’s Economic Outlook:

There are a lot of little things in the news today. Most of this is just a bunch of noise. The three most important things to pay attention to are still Cypress, the Fed meeting minutes and debate over debt ceiling. When they are all done the dollar should go up and gold prices down.

Suggested Reading:

Fed’s Unintended Consequences Are Hitting Everyday Life: Kenny
http://finance.yahoo.com/blogs/breakout/fed-unintended-consequences-hitting-everyday-life-kenny-134021901.html

Stocks slide, following European markets lower
http://finance.yahoo.com/news/stocks-slide-following-european-markets-lower-134649261--finance.html

YOU MAY NOT CASH CHECKS: Cyprus Announces Draconian Rules To Keep Money From Leaving The Country
http://finance.yahoo.com/news/may-not-cash-checks-cyprus-143336382.html

Comments (0)
Tuesday, March 26, 2013
Kitco Metals Roundup: Gold Weaker on Technical Selling; Traders Await Fresh News

Paul’s Economic Outlook:

The U.S. Private Sector (70% of U.S. GDP) and to a lesser degree the U.S. Public Sector (30% of U.S. GDP) are pivoting from an anti-business policy to a pro-business policy. This will just keep excelerating.

Suggested Reading:

Kitco Metals Roundup: Gold Weaker on Technical Selling; Traders Await Fresh News
http://www.kitco.com/reports/KitcoNews20130326JW_am.html
Cyprus, Fed Meeting and Debt Ceiling talks pushed gold up. As each one concludes the dollar will go up and gold down

Wall Street gains on data as S&P 500 nears record
http://news.yahoo.com/stock-index-futures-signal-higher-wall-st-open-083212656--finance.html
Private Sector (70% of U.S. GDP) slowly improving led by the energy industry.

Detroit's emergency manager extends 'olive branch'
http://news.yahoo.com/detroits-emergency-manager-extends-olive-184405171.html
Socialism leads to corruption leads to broke. Will this manager be able to stabilize the hemorrhaging or will the Governor dissolve the

Comments (0)
Monday, March 25, 2013
Cyprus reaches last-minute deal on 10 billion euro bailout

Paul’s Economic Outlook:
Europe and the Euro are in trouble and China exports more to Europe than anywhere else. The Middle East also exports more to Europe than anywhere else. What does this mean? Euro will be down, the dollar up and gold down. The U.S. is now becoming the safe haven. Old economic allies returning to the U.S. and commodity based economies are returning. This will just keep excellerating.

Suggested Reading:

Cyprus reaches last-minute deal on 10 billion euro bailout
http://finance.yahoo.com/news/cyprus-eu-imf-agree-draft-002707985.html
Great article.

Cyprus crisis puts Austrian bank secrecy on agenda
http://finance.yahoo.com/news/cyprus-crisis-puts-austrian-bank-155550121.html
Who is next?

A look at the eurozone's 5 bailouts
http://finance.yahoo.com/news/look-eurozones-5-bailouts-133954385--finance.html
Socialism is great until you run out of money.

Comments (0)
Tuesday, March 19, 2013
Ahead of the Fed: Look for Clues About Tapering Bond Purchases, Says Johnson

Paul’s Economic Outlook:

Today Cyprus votes on the savings account tax, the Federal Reserve minutes will be released on Thursday and the ongoing debt ceiling limit could push up gold prices . Once all these events are over, the dollar should go up, and gold prices back down.

Suggested Reading:

Ahead of the Fed: Look for Clues About Tapering Bond Purchases, Says Johnson
http://finance.yahoo.com/blogs/breakout/ahead-fed-look-clues-tapering-bond-purchases-says-143234396.html

Outgoing Bank of Japan head warns no quick fix to Japan's deflation
http://finance.yahoo.com/news/outgoing-bank-japan-head-warns-103534524.html

Cramer: Bears Overhyped Cyprus Bailout Plan
http://finance.yahoo.com/news/cramer-bears-overhyped-cyprus-bailout-105335966.html

Cyprus Set to Reject Tax on Bank Deposits
http://finance.yahoo.com/news/cyprus-set-reject-tax-bank-091843976.html

Comments (0)
Tuesday, March 12, 2013
Gold Sales From Soros Reveal 12-Year Bull Run Decay: Commodities

Paul’s Economic Outlook:

Fiscal responsibility is beginning to take root with U.S. citizens and fiscal conservative politicians. The economy is responding accordingly. Dollar up, gold down.

Suggested Reading:

Gold Sales From Soros Reveal 12-Year Bull Run Decay: Commodities
http://www.bloomberg.com/news/2013-03-12/gold-sales-from-soros-reveal-12-year-bull-run-decay-commodities.html
Dollar up, gold down.

US Oil Headed for Steep Drop to $75: Pro
http://www.cnbc.com/id/100544785?__source=yahoo%7Cheadline%7Cother%7Ctext%7C&par=yahoo
Dollar up, supply of oil up, price of oil down.

Big bond investors prepare for rising rates
http://blogs.marketwatch.com/encore/2013/03/11/big-bond-investors-prepare-for-rising-rates/
Fed hinted at changing policy starting this summer.

Mo. Senate endorses union paycheck bill
http://news.yahoo.com/mo-senate-endorses-union-paycheck-144625443.html
Fiscal responsibility.

Why The Sequester Is Good For Stocks
http://news.yahoo.com/why-sequester-good-stocks-152126449.html
Fiscal responsibility.

Ryan budget trims spending by $4.6 trillion
http://articles.marketwatch.com/2013-03-11/economy/37626612_1_ryan-budget-house-republican-budget-federal-budget
Fiscal responsibility.

GOP budget takes aim again at Obamacare, Medicaid
http://news.yahoo.com/gop-budget-takes-aim-again-071015345.html
Fiscal responsibility.

US House Republicans seek farm subsidy cuts, turning food stamps to cash
http://www.reuters.com/article/2013/03/12/usa-fiscal-agriculture-idUSL1N0C43IF20130312?feedType=RSS&feedName=nonCyclicalConsumerGoodsSector&rpc=43
Fiscal responsibility.

Comments (0)
Tuesday, March 05, 2013
Dow Reaches Record High, Spurred by Fed and Profits

Paul’s Economic Outlook:

The Federal Reserve is making easy money available for the stock market, government and public unions (30% of the U.S. GDP). But they are not offering “easy money” for the private sector (70% of the U.S. GDP). The public sector is a bubble that is going to take some pretty good knocks in next 2 years. The private sector is recovering slowly, in spite of the public sector.

Dow Reaches Record High, Spurred by Fed and Profits
http://www.nytimes.com/2013/03/06/business/daily-stock-market-activity.html?partner=yahoofinance&_r=0
Easy money for stock market, Government and Public Unions. No money for the private sector.

Student Loans: The New Subprime?
http://video.cnbc.com/gallery/?video=3000151942&__source=yahoo%7Cheadline%7Cother%7Cvideo%7C&par=yahoo#
This is a future financial and education bubble.

Young Adults Retreat From Piling Up Debt
http://finance.yahoo.com/news/young-adults-retreat-piling-debt-014700204.html
Brained washed to go into debt for decades for an advanced education. There are too many with advanced educations already.

Is the Drop in Gold Mining Stocks a Warning Sign for Gold?
http://finance.yahoo.com/news/drop-gold-mining-stocks-warning-212721019.html
Red Flag.

Comments (0)
Thursday, February 28, 2013
UPDATE: Gold Extends Early Losses as Midday Approaches, amid Firming U.S. Dollar, More Chart-Based Selling Pressure

Paul’s Economic Outlook:

The U.S. Private Sector (70% of U.S. GDP) is doing better. The dollar is up, oil is sliding, and gold is sliding.

Suggested Reading:

UPDATE: Gold Extends Early Losses as Midday Approaches, amid Firming U.S. Dollar, More Chart-Based Selling Pressure
http://www.kitco.com/reports/KitcoNews20130228JW_ap.html
Dollar up, Gold down.

SAN FRANCISCO (MarketWatch) — Gold futures headed lower for a second straight session Thursday, poised to suffer a loss for the month, as fourth-quarter growth in the U.S. economy and gains in Chicago manufacturing take away some of the precious metal’s investment appeal.
http://www.marketwatch.com/story/gold-futures-back-on-the-cusp-of-1600-2013-02-28?siteid=yhoof2
Dollar up, Gold down.

TIPS ETFs: Watch Out if Rates Rise Faster than Inflation
http://finance.yahoo.com/news/tips-etfs-watch-rates-rise-135824324.html
Dollar up, Gold down.

GDP, jobless claims lead calendar
http://finance.yahoo.com/news/gdp-jobless-claims-lead-calendar-064517706.html
Dollar up, Gold down.

Gas Boom Projected To Grow For Decades
http://finance.yahoo.com/news/gas-boom-projected-grow-decades-021200096.html
Dollar up, Oil down.

Oil inches lower as dollar strengthens. Demand outlook key after spate of U.S. economic data
http://www.marketwatch.com/story/oil-ticks-higher-as-dollar-ebbs-2013-02-28?siteid=yhoof2
Dollar up, Oil down.

Oil becalmed above $92 as US inventories rise
http://news.yahoo.com/oil-becalmed-above-92-us-080042451.html
Dollar up, Oil down.

Comments (0)
Wednesday, February 27, 2013
Gold pulls back, but holds above $1,600

Paul’s Economic Outlook:

If sequester goes forward, the dollar should go up, and gold prices should go down. Easy money is only easy for governments, banks, and the stock markets. Easy money is terrible for private businesses and the average person.

Gold pulls back, but holds above $1,600
http://www.marketwatch.com/story/gold-pulls-back-but-stays-above-1600-2013-02-26?siteid=yhoof2
If sequester goes forward, dollar up, gold down.

ECB crisis steps less and less effective - Praet
http://news.yahoo.com/ecb-crisis-steps-less-less-105055398.html
Easy money is only easy for governments, banks and the stock markets.

Bernanke Affirms Bond Buying
http://finance.yahoo.com/news/bernanke-affirms-bond-buying-023900969.html
Easy money is only easy for governments, banks and the stock markets.

Comments (0)
Monday, February 25, 2013
Gold rebounds as bullish bets fall to 4-year low

Paul’s Economic Outlook:

Gold should rise a little this week because of the spending sequester. As soon as sequester is completely over (in a week or two), gold should slide again.

Gold rebounds as bullish bets fall to 4-year low
http://www.marketwatch.com/story/gold-futures-bounce-to-pare-recent-losses-2013-02-25?siteid=yhoof2
Spin title. Gold went way down and came up very little.

Gold Is Declining, and the 'Buying Stampede' Is Continuing
http://finance.yahoo.com/news/gold-declining-buying-stampede-continuing-151500982.html
Good Article. Dollar trending up, gold trending down.

EU gamble risks killing UK's "golden goose" - Mandelson
http://uk.news.yahoo.com/eu-gamble-risks-killing-uks-golden-goose-mandelson-093507929--finance.html
Spin Article. Writer assumes if Britain pulls out of EU they will lose business.

China Factory Growth Slips From Recent High
http://www.nytimes.com/2013/02/26/business/global/china-factory-growth-slips-from-recent-high.html?partner=yahoofinance&_r=0
House of cards.

Economist: Why the Middle Class Is Declining
http://finance.yahoo.com/news/economist-why-middle-class-declining-204512872.html
Good article. Need to read entire article.

Florida's Legislature, Not Its Governor, Will Determine Medicaid Expansion's Fate
http://www.forbes.com/sites/aroy/2013/02/25/floridas-legislature-not-its-governor-will-determine-medicaid-expansions-fate/?partner=yahootix
Good article.

White House directs open access for government research
http://www.reuters.com/article/2013/02/24/usa-whitehouse-information-idUSL1N0BO0EN20130224
It takes time to reverse government oppressive dictates. They are just starting to reverse.

Eliminate Fannie and Freddie, bipartisan report says
http://blogs.marketwatch.com/election/2013/02/25/eliminate-fannie-and-freddie-bipartisan-report-says/
It takes time to reverse government oppressive dictates. They are just starting to reverse.

Tags :  gold pricesspending sequesterEUChinaU.S. economy
Comments (0)
Wednesday, February 20, 2013
UPDATE: Comex Gold Extends Losses On Technical Selling; Traders Await FOMC Minutes

Paul’s Economic Outlook:

The dollar is up and gold is down this week. The Republicans will let the spending sequester cuts take place this time. These are the first real cut backs. The states are getting fed up with socialism and moving to get rid of excessive waste.

UPDATE: Comex Gold Extends Losses On Technical Selling; Traders Await FOMC Minutes
http://www.kitco.com/reports/KitcoNews20130220AS_update.html
There are many factors driving dollar up and gold down.

Oil drops on commodities sell-off, stocks retreat
http://news.yahoo.com/oil-drops-commodities-sell-off-172606979.html
Dollar up, all commodities down.

Forget the big comeback; Detroit focuses on what can be saved
http://news.yahoo.com/forget-big-comeback-detroit-focuses-saved-001321843--sector.html
Socialism, great until the money runs out.

Democrats take on PA gov over Medicaid, pensions
http://news.yahoo.com/democrats-pa-gov-over-medicaid-210309374.html
Socialism, great until the money runs out.

Comments (0)
Friday, February 15, 2013
Kitco Metals Roundup: Gold Sharply Lower, at 6-Mo. Low, on Heavy Technical Selling

Paul’s Economic Outlook:

There are a series of events that will take place over the next 12 months pushing gold prices down. The U.S. Government will not kick the can down the road on the spending sequester and deficit ceiling. Operation Twist and QE3 come to an end. The Federal Reserve starts raising the Interest rate every 3 months in .25% increments. They will do one of these at a time with about 3 months in between each so as not to shock the financial system.

Kitco Metals Roundup: Gold Sharply Lower, at 6-Mo. Low, on Heavy Technical Selling
http://www.kitco.com/reports/KitcoNews20130215JW_am_update.html
This is just the start.

Exclusive: Turkey to Iran gold trade wiped out by new U.S. sanction
http://news.yahoo.com/exclusive-turkey-iran-gold-trade-wiped-u-sanction-122950419.html
More gold available.

Comments (0)
Thursday, February 14, 2013
Gold fall on dollar strength; market mulls demand

Paul’s Economic Outlook:

The world economies and ultra-wealthy are in a state of transition as the U.S. Dollar strengthens. They are lining up to do business with the U.S. Dollar and economy. This trend started one year ago and it will continue to grow. Unfortunately, greed in the U.S. caused this abnormal business model for over 10 years which drove investment capital and economic allies away. This business model collapsed 3 years ago.

The U.S. private sector (individuals, businesses, and financial institutions) is changing their business model from a make money on money model to a construct a product type model. The government caused the greed business model when Carter pushed through the low income mortgage loans. Clinton and the Republicans gave the bill teeth and the banks cashed in on loans that low income people could never pay back. To pay the bill for this monumental financial collapse, the U.S. Government, Federal Reserve, Stock Market and Financial Institutions basically redirected the bill to the private sector and the individual citizen in the U.S.

The private sector has taken 3 years to absorb and is finally moving back to normalization. Investment capital around the world is shifting back to the U.S. Our old economic allies are starting to do business with the U.S. again. All of this is occurring in spite of the U.S. Government, Federal Reserve, Stock Market and Financial Institutions. One more thing, the wealthy are better-off today than they were 4 years ago. There is no war against the affluent going on, just a lot of political and media lip service.

Gold fall on dollar strength; market mulls demand
World Gold Council: 2012 gold demand hit record in value terms
http://www.marketwatch.com/story/gold-prices-struggle-near-6-month-lows-2013-02-14
Dollar up, gold down. This pattern has been going on for over a year.

Exclusive: Russia plans $25-$30 billion oil-for-loans deal with China
http://smallbusiness.yahoo.com/advisor/exclusive-russia-plans-25-30-billion-oil-loans-130640128--finance.html
Russian oil goes to China instead of Europe. Russia needs the loans and China needs the oil. Europe oil supplies go down and prices go up. Bad for Europe. China exports 40% of its GDP with most going to Europe. This is good for China in the short run, but bad in the long run. Russia goes into more debt. This does not sound very good for any of these countries.

Berkshire Hathaway, 3G to Acquire Heinz for $23 Billion
http://finance.yahoo.com/news/berkshire-hathaway-3g-acquire-heinz-131130217.html
The Secretary of Defense’s wife just came into a lot of capital. Hopefully this mega rich couple does not have more political aspirations.

Struggling Caribbean islands selling citizenship
http://news.yahoo.com/struggling-caribbean-islands-selling-citizenship-170008926.html
Ultra-Wealthy people in Middle East and China are looking for countries to move to with their money, why?

Should You Renounce Your Citizenship?
http://finance.yahoo.com/news/should-you-renounce-your-citizenship-144048875.html
More ultra-wealthy people are trying to get into the U.S. rather than leave. Why?

Comments (0)
Friday, January 25, 2013
Penalty could keep smokers out of health overhaul

Paul’s Economic Outlook:

Normally, I do not discuss politics, but today I will make an exception. We have been dealing with political theatre and misdirection for 4 years. This is finally coming to an end. The present administration has made a lot of promises and the people who donated money and voted for this administration will want those promises fulfilled. The present administration doesn’t need votes anymore, but they do need the money and the groups that can supply the money will get their promises fulfilled. All the other people who supported this administration will be thrown under the bus.

Follow the money trail. The Federal Government, stock market, Federal Reserve, banks, the ultra-wealthy, corporations, public unions, and private unions will have this administrations complete attention. However, states, private business, and individuals will not. The country is for a real wakeup call over the next 2 years as the fog of politics evaporates. Taxes will be going up on everyone including the poor, middle class, upper middle class, and small businesses. Let’s hope some responsible fiscal conservatives move to the forefront and start putting the politics of this country on the right track. On a positive note, in spite of all of this political theatre, the U.S. private sector is recovering with energy leading the way.

Recommended Articles:

Penalty could keep smokers out of health overhaul
http://news.yahoo.com/penalty-could-keep-smokers-health-overhaul-205840155.html
How many of the 30 million people who Obama Care is supposed to help are smokers and will not be able to afford obama care?

Reports: Medicare paid $120M in illegal care
http://finance.yahoo.com/news/reports-medicare-paid-120m-illegal-170051458.html
This is the organization that will be more efficient.

Marco Rubio: Obama must confront unions if he wants to sign an immigration bill
http://news.yahoo.com/blogs/ticket/marco-rubio-obama-must-confront-unions-wants-sign-161709768--election.html
So, which group does Obama get behind, immigrants or unions? He can help one, but not both. He needs union money. Guess which one he will help?

Gold Update: Gold Extends Early Losses, Drops Below Key 200-Day Moving Average
http://www.kitco.com/reports/KitcoNews20130125JW_update.html
The Republicans push the debt ceiling limit off for 4 months. Fear is down. Dollar is up. Gold is down.

Comments (0)
Friday, January 04, 2013
Fiscal cliff deal raises taxes on 77% of Americans

Paul’s Economic Corner:

Ben Bernanke made a statement in December 2012 about raising interest rates when unemployment hits 6.5%. Yesterday, he made a statement about ending QE3 and Operation Twist in 2013. These are all signs that the U.S. dollar is strengthening and hints that we might be raising interest rates sooner than 2015. Dollar up! Gold down.

Kitco Metals Roundup: Gold Sharply Down, Hits 4.5-Mo. Low, in Wake of Bearish FOMC Minutes
http://www.kitco.com/reports/KitcoNews20130104JW_am.html

Beware the bond bubble in 2013
http://finance.yahoo.com/news/beware-bond-bubble-2013-044300694.html?l=1
The Federal Reserve is hinting that we might stop printing money. They are setting up to raise interest rates. Dollar up, interest rates up, bonds down, gold down.

Fiscal cliff deal raises taxes on 77% of Americans
http://finance.yahoo.com/news/fiscal-cliff-deal-raises-taxes-200000169.html
More taxes are coming. They will close the $800 billion in loop holes that they talked about in December 2012.

Fiscal cliff deal protects family tax breaks
http://finance.yahoo.com/news/fiscal-cliff-deal-protects-family-111600265.html
Spin aritcle. More taxes are coming. They will close the $800 Billion in loop holes that they talked about in December 2012.

Exclusive: Senators seek probe into royalties on coal exports
http://news.yahoo.com/exclusive-u-senators-call-probe-coal-export-sales-135248791--finance.html
These are anti-energy policies designed to hurt oil, gas and coal to promote solar, wind and bio fuel.

White House says Congress must raise debt limit
http://news.yahoo.com/white-house-says-congress-must-raise-debt-limit-151822647--business.html
Spin article. There will be more spending, more taxing and the Republicans will cave.


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Comments (0)
Thursday, January 03, 2013
Fiscal cliff deal protects family tax breaks

Paul’s Economic Corner:

The Fiscal Cliff compromise, Debt Ceiling limit, spending cuts, and anti-business regulations will all be settled by end of March. The result will be higher taxes on everyone, minimum spending cuts, and more regulations. The good news is we will have permanent results and stability allowing private businesses (70% of U.S. GDP) to finally make long term plans. The private sector, led by the energy industry, will recover and government revenue from increased taxes and the increased economy will be able to pay for existing government spending without having to make any cuts. This was planned by democrats, republicans, the federal reserve, banks and the stock market. After March, it is time for businesses to learn the new rules and taxes to figure out how to do business. As a result, the dollar will strengthen and oil prices will drop. Gold will drop.

Congress extends tax credits for wind, biofuels
http://finance.yahoo.com/news/congress-extends-tax-credits-wind-231801490.html
Spin. Only economical when oil is over $100 per barrel and then you receive government subsidies. Most wind turbines come from overseas. Farmers get paid three times as much to grow food to burn instead of food to eat causing a 10% worldwide food shortage.

Fiscal cliff deal protects family tax breaks
http://finance.yahoo.com/news/fiscal-cliff-deal-protects-family-111600265.html
Spin. Obama Care produces a 3.8% tax increase for everyone and everyone under $109,000 will be affected by a 2% Payroll Tax. More taxes will be coming for the middle class.

Consumers paying down debt despite obstacles: ABA
http://news.yahoo.com/consumers-paying-down-debt-despite-obstacles-aba-112842505--business.html
Half article. Individuals, businesses, and banks are lowering their debt. The government is raising their debt. However, the overall debt level has declined for three years in a row.

Best way to pay $30K in overdue student debt?
http://finance.yahoo.com/news/best-way-pay-30k-overdue-080029552.html
Spin. This article is telling people how to default on their loan, not pay.

A.M. Kitco Metals Roundup: Gold Lower on Chart Consolidation, Bearish Outside Markets
http://www.kitco.com/reports/KitcoNews20130103JW_am.html
Gold will slide for a while. The next bump will be during the debt ceiling debate in February. After that, there will be more sliding. The U.S. dollar is strengthening.

Comments (0)
Wednesday, December 26, 2012
In 2012, Many Felt the Market Was Rigged

Paul's Economic Corner

Historically there is a selloff of gold through December. However, within the last two to three days there has been a buy back but with the fiscal cliff, ObamaCare taxes, the debt ceiling limit and Obama anti-business regulations, we might not see a normal buy back. The rest of the week should be quiet (everyone is exhausted from the holidays) and back to normal the first week of January. Look to the second week of January for any big changes. Happy Holidays.

In 2012, Many Felt the Market Was Rigged
http://finance.yahoo.com/news/in-2012--many-felt-the-market-was-rigged-183735394.html?l=1
It is rigged and until they change the rules on high speed trading, the little guys will loose. 

U.S. may expand mortgage refinance program: WSJ
http://finance.yahoo.com/news/u-may-expand-mortgage-refinance-044658921.html?l=1
This would be a start to phasing out fanny may and freddy mac from the mortgage business. This would be a good. 

Health care tax hikes for 2013 may be just a start
http://finance.yahoo.com/news/health-care-tax-hikes-2013-080031786.html
More taxes coming. 

Update: Comex Gold Steady To Slightly Higher; Markets Await Resumption Of Fiscal-Cliff Talks
http://www.kitco.com/reports/updateNews20121226AL.html

Comments (0)
Friday, December 21, 2012
Paul’s Economic Corner 12/21/2012

Paul’s Economic Corner:

The stage is being set for the U.S. recovery to go from trivial growth to big growth in 2013. The Federal Reserve came out last week stating they would raise the interest rates when unemployment reached 6.5%. In 2013, unemployment rates should be at 6.5% due to the government dropping unemployment benefits for people who are not looking for a job and due to explosive energy job creation. When the Federal Reserve raises the interest rates, U.S. banks will finally have the incentive to lend the 11 trillion that they have been sitting on for the past 3 years. Over the last three years private businesses (70% of U.S. GDP)  couldn’t go to banks to get short term loans,  so they have been stockpiling 3 trillion dollar to deal with their cash flow issues. When the interest rates raise and banks start lending money again, businesses will immediately buy property, buy capital equipment, higher people, start taking risk and immediately invest the 3 trillion dollars they were holding on to.

The dollar is going up. The U.S. Private Sector is going up (70% of U.S. GDP), while all other currencies and economies are contracting. Investment capital around the world is shifting back to the U.S. Dollar and the U.S. Private sector. Again, this provides more investment capital for U.S. Businesses to expand. Energy is leading this growth in the U.S. economy. Sideways drilling and fracturing are profitable at $65 per barrel. We should see oil prices  at $65/barrel by the end of 2013. Transportation, manufacturing, and agriculture will become super competitive around the world at these prices. Energy intensive manufacturing is also already moving back into the U.S. economy.

We have three bumps in the road. The Fiscal Cliff, the debt ceiling limit, and the Executive Branch regulations that will happen between now and March. The dollar and U.S. private sector (70% of U.S. GDP) is strengthening in spite of the Executive Branch, Senate, Blue State’s spending and the Federal Reserve’s foreign currency protection policies. All of the bad and inefficient companies were gone over a year ago. The remaining businesses are the leanest and most efficient companies probably in 30 years. All they need is investment capital and energy prices to go down. We should see all of that by the end of the 2013 summer oil spike, at the end of September.

The dollar will become “King” and if all of this happens, gold prices will  collapse  to around $600 to $800 an ounce. It is time to start doing some research on alternative investments and start moving your portfolio around. This is the time to make your moves. Good Luck.

Related Financial Articles:

Analysis: Boehner has few options in fiscal cliff mess
http://news.yahoo.com/analysis-boehner-few-options-fiscal-cliff-mess-044855640--business.html
The Executive Branch wants us to go over the Fiscal Cliff and then try to make deal in January to lower middle class taxes.

America in Danger if California Goes Off Fiscal Cliff
http://finance.yahoo.com/blogs/daily-ticker/california-economic-rebound-may-danger-off-fiscal-cliff-144302362.html?l=1
Spin Article. Mostly accounting paper shuffling. California government still in big debt and has spending problems.

Cash Is King: Printing of $100 Bills Soars
http://finance.yahoo.com/blogs/breakout/cash-king-printing-100-bills-soars-132438479.html?l=1
Dollar strengthening.

Oil drops as US 'fiscal cliff' approaches
http://news.yahoo.com/oil-drops-us-fiscal-cliff-054231448.html
Dollar Strengthening

Comments (0)
Thursday, December 20, 2012
Gold Sells Off Again, Hits Fresh 3.5-Mo. Low, on Stronger U.S. GDP Report

Paul’s Daily Economic Corner:

There is a lot of manipulation and back room deals going on. The fiscal cliff, debt ceiling limit, and anti-business regulations are head lining, but there is a lot more going on behind the scenes. Behind the scenes, the Federal Reserve is protecting the world currencies by trying to weaken the dollar (although the dollar is still strengthening), and the government, which made promises before the election, is now eradicating those promises after the election. There is outright manipulation of GDP and other economic numbers to help politicians and there are more give away programs, not only to part of the voting section of the U.S., but also to foreign governments. All of this sounds pretty doom and gloom. Yet in spite of all of these deals, the U.S. private sector is recovering and the dollar is strengthening. Look for alternative investments with low risk to survive the stock market and commodities volatility. Everyone in the U.S. and World will see the signs of recovery by the end of the 2013 summer oil spike. I will go into this more tomorrow. Hang in there.


Recommended Financial Articles:

Gold Sells Off Again, Hits Fresh 3.5-Mo. Low, on Stronger U.S. GDP Report
http://www.kitco.com/reports/KitcoNews20121220JW_am.html
Dollar up, gold down. We are moving closer the Federal Reserve raising the interest rates which will make the dollar king and gold collapse.

Metals Slump On Year-End Liquidation, Scaled-Back Fed Expectations After GDP
http://www.kitco.com/reports/KitcoNews20121220AS_focus.html
Dollar up, gold down. We are moving closer the Federal Reserve raising the interest rates which will make the dollar king and gold collapse.

Mortgage rates rise despite Fed's intention
http://finance.yahoo.com/news/mortgage-rates-rise-despite-feds-080029526.html
Easy money only works for so long. The Federal Reserve’s announcement last week to look at raising interest rates when unemployment hits 6.5 could happen in 2013.

Avalanche of Boomers May Bury Social Security
http://finance.yahoo.com/news/avalanche-boomers-may-bury-social-120014012.html
They raised the age limit from 65 to 67 for everyone born after 1960. They will keep raising the age. Look for them to do this again next year.

Exports, government spending buoy third-quarter growth
http://finance.yahoo.com/news/exports-government-spending-buoy-third-133431051.html?l=1
All out effort by the federal government and blue states to make the economy look good just before the election. Total Manipulation.

Medicare premiums could rise for many retirees
http://news.yahoo.com/medicare-premiums-could-rise-many-retirees-075849995--finance.html
Could rise? Will rise!

Obama grants Russia "permanent normal trade relations"
http://news.yahoo.com/obama-grants-russia-permanent-normal-trade-relations-155741300.html
"This is my last election ... After my election I have more flexibility,"


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Tuesday, December 18, 2012
Gold Update: Gold Drops to 6-Week Low in Thin, Technical-Based Trading; Sell Stops Triggered

Gold Update: Gold Drops to 6-Week Low in Thin, Technical-Based Trading; Sell Stops Triggered
http://www.kitco.com/reports/KitcoNews20121218JW_update.html
Dollar up, gold down.

Boehner to pursue 2nd legislative track on taxes
http://news.yahoo.com/boehner-pursue-2nd-legislative-track-taxes-150101343--finance.html
Fiscal cliff, debt ceiling limit, and anti-business regulations are all bumps in the road. Dollar up! The private sector up and energy is leading the way.

Paul’s Economic Corner:
A normal cycle for gold is to sell, rather than buy, up until the last couple of days of the year. However, it is uncertain if this will happen this year with the fiscal cliff, debt ceiling limit, and anti-business regulations. With the proposed tax changes, if you earn more than 250k, your capital gains could go up to 25%, dividends up to 43%, and regular tax rate up to 43%. Also, if we go over the fiscal cliff, your $5 million estate-tax exemption and 37% after for estate taxes could go to a $1 million estate-tax exemption and at a tax rate of 55%. Make sure to watch to see if there is a compromise before the end of the week. No matter what, everyone will see a 5% tax increase due to Obama care on January 1, 2013. This is not the best news going into the holidays, but the only thing I can say is next Christmas will be better.

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Friday, December 14, 2012
Boehner: Congress will never give up debt limit control

Boehner: Congress will never give up debt limit control
http://health.yahoo.net/news/s/nm/boehner-congress-will-never-give-up-debt-limit-control
We go from fiscal cliff crisis to debt ceiling crisis in one month.

Kitco Metals Roundup: Gold Near Steady on Chart Consolidation; U.S. Data on Tap
http://www.kitco.com/reports/KitcoNews20121214JW_am.html
Short term guessing. Long term shows strength for dollar and weakness for commodities.

Industrial output gain biggest in nearly two years
http://news.yahoo.com/industrial-output-gain-biggest-nearly-two-years-142031794--business.html
U.S. energy industry beginning to bring energy prices down. Manufacturing will go up.

China on mend, U.S. factory data encouraging
http://news.yahoo.com/china-mend-euro-zone-still-shrinking-113555048--business.html
U.S. energy industry beginning to bring energy prices down. Manufacturing will go up. Energy prices higher in foreign countries. Will see a lesser boost than U.S.


Paul’s Economic Corner:

The overall U.S. debt has declined for 3 years in a row. Public/government debt is up to 16.4 trillion, but it only accounts for only 30% of the debt. Individual debt, business debt and banking debt account for 70% of the U.S. debt, and has declined tremendously over the last 3 years. Because individual, business, and banking debt haven been declining, the U.S. dollar has been strengthening. Supply and demand are a good indicator of the strength of the dollar. If there is a large supply of U.S. dollars available for investment capital and nobody wants them, we have inflation. If there is a small supply of U.S. dollars and everyone wants them, we have deflation.

The Federal Reserve’s QE1, QE2 and QE3, accumulated so far 2 trillion dollars in bond and treasuries that will not mature for 6 to 20 years, (this money is basically not available). The Federal Reserve has kept the interest rates at almost zero. U.S. Banks have no incentive to lend the 11 trillion they are sitting on, so they keep the criteria high so nobody can qualify. Private Business (70% of U.S. GDP) have built up 3 trillion in capital reserves because they can’t get loans from the banks. That is 16 trillion dollars that are not available for investment capital in the U.S.. All world currencies are inflating faster than the U.S. dollar. All world economies are slowing except the U.S. private sector, which is being led by energy. The supply of available U.S. dollars is down. The demand to get back into the U.S. dollar and U.S. private sector is up. The dollar is strengthening and will continue to strengthen. Yesterday’s Federal Reserve meeting opened the door to raising interest rates if unemployment falls below 6.5%. When this happens, dollar becomes king dollar and all investment capital flees to the U.S. and U.S. banks will then have incentive to lend out the 11 trillion they are sitting on. Once private businesses can get a loan they will invest the 3 trillion they are sitting on and buy property, capital equipment, hirer people and take risk, which will make the U.S. economy and dollar go ballistic.

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Wednesday, December 12, 2012
Mich. becomes right-to-work state despite protests

Mich. becomes right-to-work state despite protests
http://news.yahoo.com/mich-becomes-state-despite-protests-081033162.html
States are trying to be responsible. Union bastions falling one by one as they go broke.

Obama tax plan no small deal to small businessmen
http://smallbusiness.yahoo.com/advisor/obama-tax-plan-no-small-deal-small-businessmen-201234839.html
CBO office reports the numbers that government agencies give them. Whether they are right or wrong.

China spending on U.S. acquisitions at record high
http://finance.yahoo.com/news/china-spending-u-acquisitions-record-083700285.html?l=1
Spin article. All countries around the world, including China are looking for the only safe haven in the world. The U.S.

OPEC keeps oil output targets on hold
http://news.yahoo.com/opec-keeps-oil-output-targets-hold-142118391--finance.html
Spin article. OPEC countries are broke, they need to keep production up even if prices are falling (volume over price).

PRECIOUS-Gold prices rise ahead of Fed announcement
http://www.reuters.com/article/2012/12/12/markets-precious-idUSL4N09M2LR20121212
The price bump of $10 is small. Let’s see what happens over next couple of days.

Paul’s Economic Corner:
We have to get by two economic bumps, the fiscal cliff and the debt ceiling limit. As long as there is finality either way on both of these, businesses can start growing. Delaying the decisions will only keep the U.S. economy stagnant. The U.S. economy needs investment capital. Until the Federal Reserve drops the interest rates, banks will keep loan criteria high and will sit on 11 trillion in potential investment capital. The dollar keeps strengthening in spite of the Federal Reserve’s best effort to weaken the dollar. Investment capital is starting to move from all other currencies and economies back to the U.S. dollar and U.S. Private sector (70% of U.S. GDP).

The game changer is energy. All other countries are stagnant on energy production except the U.S. and Canada. Sideways drilling and fracturing are profitable at $65 a barrel. We should see prices drop to this level in the next year. This would cause transportation, manufacturing, and agriculture to become much more profitable and competitive. With oil on private land alone, the U.S. will be energy independent in 20 years, and in half that time if public land is opened. We should see a 2% to 3% GDP bump just from the energy industry alone in the next 2 to 3 years. There will be a lot of volatility in the stock market and commodities during the next couple of months.

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Tuesday, November 27, 2012
Greece, markets satisfied by EU-IMF Greek debt deal

Greece, markets satisfied by EU-IMF Greek debt deal
http://news.yahoo.com/euro-zone-imf-secure-deal-cutting-greek-debt-115610160--finance.html
Greece and Ireland (small) passing austerity plans and working through their debt crisis, unfortunately Spain, Portugal and Italy (Big) are not.

Greek bankruptcy averted _ for now
http://news.yahoo.com/greek-bankruptcy-averted-now-091246168--finance.html
Greece and Ireland (small) passing austerity plans and working through their debt crisis, unfortunately Spain, Portugal and Italy (Big) are not.

Kitco Metals Roundup: Comex Gold Modestly Lower on Chart Consolidation; U.S. Data Awaited
http://www.kitco.com/reports/KitcoNews20121127JW_am.html
Still could go either way.

Tags :  GreeceIrelandausterity plansGold pricesdebt crisis
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Monday, November 26, 2012
Black Friday: Spending and number of shoppers hit record highs

Black Friday: Spending and number of shoppers hit record highs
http://finance.yahoo.com/news/black-friday-spending-number-shoppers-193700622.html
Could give small GDP bump to the 4th quarter.

Kitco Metals Roundup: Comex Gold Slightly Lower on Corrective Pullback from Friday's Solid Gains
http://www.kitco.com/reports/KitcoNews20121126JW_am.html

Tags :  gold pricesblack FridayGDP
Comments (0)
Friday, November 16, 2012
How the Fiscal Cliff Could Affect the Investment Markets

How the Fiscal Cliff Could Affect the Investment Markets. 
Our new article written by Dr. Scott Sumner, which discusses how the Fiscal Cliff could affect stocks, gold prices, dividends and your taxes.
http://www.rarecoinwholesalers.com/login?ReturnUrl=%2Fresource%2FFiscalCliffReport

Are Investors Actually Taking the 'Fiscal Cliff' Too Lightly?
http://finance.yahoo.com/news/investors-actually-taking-fiscal-cliff-145407196.html

Most in US won't be able to escape 'fiscal cliff'
http://finance.yahoo.com/news/most-us-wont-able-escape-080128673.html

Comments (1)
Monday, November 12, 2012
Gold Prices Rise as Dollar Retreats

Gold Prices Rise as Dollar Retreats

http://www.thestreet.com/story/11764101/1/gold-prices-rise-as-dollar-retreats.html

Gold Prices only went up 4 dollars. Not a big rise.

Tags :  gold pricesU.S. dollar
Comments (0)
Thursday, November 08, 2012
Kitco Metals Roundup: Gold Firmer amid Some Safe-Haven Demand, Chart Consolidation

Kitco Metals Roundup: Gold Firmer amid Some Safe-Haven Demand, Chart Consolidation
http://www.kitco.com/reports/KitcoNews20121108JW_am.html
Call before the storm. Up or down?

Tags :  gold priceskitco
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Wednesday, November 07, 2012
Wall Street drops more than 2 percent

Update: Gold Prices Back Down from Daily High as Raw Commodity Sector Sells Off, U.S. Dollar Strengthens
http://www.kitco.com/reports/KitcoNews20121107JW_update.html
Dollar up, gold, euro and stock market down.

Wall Street drops more than 2 percent
http://finance.yahoo.com/news/futures-fall-further-election-results-031550185.html
Is this a dip or a trend?

What Obama's win may mean for personal tax planning
http://finance.yahoo.com/news/obamas-win-may-mean-personal-062233116.html
There will be more taxes unless something is done.

Tax break for struggling homeowners set to expire
http://finance.yahoo.com/news/tax-break-struggling-homeowners-set-104000079.html
There will be more taxes unless something is done.

Iraq official: Exxon Mobil wants out of big field
http://news.yahoo.com/iraq-official-exxon-mobil-wants-big-field-101824306--finance.html
More money to be made in U.S. than Iraq in oil today.

Will U.S.-China Relations Change After China’s Historic Leadership Transition?
http://finance.yahoo.com/blogs/daily-ticker/u-china-relations-change-china-historic-leadership-transition-133356791.html?l=1
Is this a dip or a trend.

Tags :  gold pricesWall StreetObama WinTaxesoilExxonChinaIraq
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Tuesday, November 06, 2012
Kitco Metals Roundup: Gold Up on More Short Covering, Bargain Hunting, Weaker U.S. Dollar

Kitco Metals Roundup: Gold Up on More Short Covering, Bargain Hunting, Weaker U.S. Dollar
http://www.kitco.com/reports/KitcoNews20121106JW_am.html
Dollar down, gold down. Election jitters.

Tags :  gold pricesKitcodollar weakeningelection
Comments (1)
Tuesday, October 30, 2012
Swiss bank UBS announces massive layoffs of 10,000

Swiss bank UBS announces massive layoffs of 10,000
http://news.yahoo.com/swiss-bank-ubs-announces-massive-layoffs-10-000-062755304--finance.html
Investment capital fleeing Europe and heading to the U.S.

A.M. Kitco Metals Roundup: Gold Firmer on Short Covering, Bargain Hunting, Friendly Outside Markets
http://www.kitco.com/reports/KitcoNews20121030JW_am.html
Spin, everyone hedging until storm done. Once over, dollar up, gold down.

Comments (0)
Monday, October 29, 2012
A.M. Kitco Metals Roundup: Gold Weaker in Subdued Trading as New York Shuts Down

A.M. Kitco Metals Roundup: Gold Weaker in Subdued Trading as New York Shuts Down
http://www.kitco.com/reports/KitcoNews20121029JW_am.html

Tags :  gold priceswall streetKitco
Comments (0)
Wednesday, October 24, 2012
Comex Gold In Narrow Range While Awaiting FOMC Outcome

Comex Gold In Narrow Range While Awaiting FOMC Outcome
http://www.kitco.com/reports/KitcoNews20121024AS_am.html
Dollar up, gold down.

Iran arrests 50 over currency decline
http://news.yahoo.com/iran-arrests-50-over-currency-decline-122538312--finance.html
Desperation sinking in.

Ford closes Belgian plant in 2014; 9,500 jobs hit
http://news.yahoo.com/ford-closes-belgian-plant-2014-9-500-jobs-100926961--finance.html
Euro down, dollar up, gold down.

Eurozone debt hits 90 percent of its economy
http://news.yahoo.com/eurozone-debt-hits-90-percent-economy-100931312--finance.html
Euro down, dollar up, gold down.

Report: Illegal Mexican migration to US stabilizes
http://news.yahoo.com/report-illegal-mexican-migration-us-stabilizes-214222847.html
A troubling sign of a recovering U.S. economy.

Tags :  gold pricesIranEurozoneimmigrationU.S. economy
Comments (0)
Tuesday, October 23, 2012
Kitco Metals Roundup: Gold Solidly Lower, at 6-Week Low, on Technical Selling, Bearish Outside Markets

Kitco Metals Roundup: Gold Solidly Lower, at 6-Week Low, on Technical Selling, Bearish Outside Markets
http://www.kitco.com/reports/KitcoNews20121023JW_am.html
Dollar up, gold down.

Presidential Election Weighs on the Federal Reserve
http://finance.yahoo.com/news/presidential-election-weighs-federal-101804961.html?l=1
Good article. Dollar up, gold down. Read our Collapse of Gold article.

Dollar's Fate Tied to U.S. Data, Fed
http://finance.yahoo.com/news/dollars-fate-tied-u-data-023900812.html
Spin, all about the election.

Iran says may stop oil sales if sanctions tighten
http://news.yahoo.com/iran-says-may-stop-oil-sales-sanctions-intensify-091808820.html
Desperate. Dollar up, gold down.

Tags :  Gold priceselectionFederal ReserveU.S. DollarIranoil
Comments (0)
Thursday, October 18, 2012
US unemployment aid applications jump to 388K

US unemployment aid applications jump to 388K
http://finance.yahoo.com/news/us-unemployment-aid-applications-jump-123359965.html
Good article. Last two months numbers were not a true representation.

China loses WTO appeal in U.S. specialty steel case
http://news.yahoo.com/china-loses-wto-appeal-u-specialty-steel-case-144333908--finance.html
China is a house of cards about to collapse.

Kitco Metals Roundup: Gold Weaker amid Mildly Bearish Outside Markets, Chart Consolidation
http://www.kitco.com/reports/KitcoNews20121018JW_am.html
Dollar up, gold down.

Tags :  unemploymentchinagold prices
Comments (1)
Monday, October 01, 2012
Iran rial plunges as Western sanctions bite

Iran rial plunges as Western sanctions bite
http://news.yahoo.com/iran-rial-plunges-western-sanctions-bite-141133523.html
Dollar up, gold down.

Egypt talks on $4.8 billion deal with IMF delayed
http://news.yahoo.com/egypt-talks-4-8-billion-deal-imf-delayed-152139671--business.html
Dollar up, gold down.

Tags :  IranGold pricesEgyptIMFU.S. Dollar
Comments (1)
Thursday, September 27, 2012
Update: Gold Pops Higher Following Fresh Batch of Weak U.S. Economic Data

Update: Gold Pops Higher Following Fresh Batch of Weak U.S. Economic Data
http://www.kitco.com/reports/KitcoNews20120927JW_update.html
Have you noticed all reports coming out of the government push dollar down and driving gold, oil and stock market up?

Warning signs that inflation is percolating
http://finance.yahoo.com/news/warning-signs-inflation-percolating-184211812.html
This article is a bunch of fluff. Read our Gold Prices and Inflation Fear article by economist, Dr. Scott Sumner, for more information on inflation fears.

State office space expands as workforce shrinks
http://finance.yahoo.com/news/state-office-space-expands-workforce-204033202.html
40 states are cutting back government and moving back into the black. 10 states are going broke (top 4, CA, NY, NJ and IL).

Comments (1)
Wednesday, September 26, 2012
Gold Prices Thumped by Eurozone Woes

Gold Prices Thumped by Eurozone Woes
http://www.thestreet.com/story/11719655/1/gold-prices-thumped-by-eurozone-woes.html
This will make the Euro go down, the dollar to strengthen, and the price of gold to go down.

Anti-austerity clashes in Spain
http://news.yahoo.com/photos/evictions-hurt-families-in-spain-slideshow/
This will make the Euro go down, the dollar to strengthen, and the price of gold to go down.

Clashes erupt as thousands of Greeks protest austerity
http://news.yahoo.com/greek-government-faces-first-big-anti-austerity-strike-074143311--business.html

7 global companies warn tough times ahead
http://finance.yahoo.com/news/7-global-companies-warn-tough-101531763.html?l=1
Global economies are slowing down. U.S. economy are ramping up and foreign currencies are decreasing. This pushed the dollar up and gold down.

August new home sales dip, but prices scale 5-year high
http://finance.yahoo.com/news/august-home-sales-dip-prices-140327465.html
QE3 pushed home prices up, but nobody is buying because banks have no incentive to lend with the Fed’s interest at almost zero.

Comments (0)
Tuesday, September 25, 2012
Home Prices Rise, Spurred By Low Interest Rates

Home Prices Rise, Spurred By Low Interest Rates
http://gma.yahoo.com/blogs/abc-blogs/home-prices-rise-spurred-low-interest-rates-132700149--abc-news-topstories.html
As long as the Fed keeps interest rates low, banks will keep lending requirements super tight. This is a spin article.

U.S. poised to hand over $197 million to another solar panel start-up
http://smallbusiness.yahoo.com/advisor/insight-u-poised-hand-over-197-million-another-050244090--sector.html
An example of more wasted money by the Government.

Gold rises after positive macroeconomic data
http://www.marketwatch.com/story/gold-notches-slim-gains-as-dollar-drifts-2012-09-25
A good economy would push the dollar up and gold down.

Comments (1)
Thursday, September 20, 2012
Gold Prices Dip as Dollar Strengthens

Gold Prices Dip as Dollar Strengthens
http://www.thestreet.com/story/11711835/1/gold-prices-dip-as-dollar-strengthens.html
QE3 was small, almost a token. The rest of the world is doing worse than the U.S. driving demand for the dollar, up.

U.S. mortgage refinancing applications rise as rates hit record low: MBA
http://smallbusiness.yahoo.com/advisor/u-mortgage-refinancing-applications-rise-rates-hit-record-111308341--business.html
Spin article. Applications are not loans.

Tags :  gold pricesdollarmortgage industryQE3
Comments (0)
Wednesday, September 19, 2012
Gold Firmer, Hits Fresh 6.5-Mo. High, as BOJ Eases Monetary Policy

Gold Firmer, Hits Fresh 6.5-Mo. High, as BOJ Eases Monetary Policy
http://www.kitco.com/reports/KitcoNews20120919JW_am.html
There are three important things to look at in this article: the trouble in Japan, the problems in China, and Dollar doing well.

QE3 Won’t Solve All Our Problems, but It’s a Start
http://finance.yahoo.com/blogs/the-exchange/qe3-won-t-solve-problems-start-232409336.html?l=1
This is a propaganda article for the Federal Reserve.

Unemployment mounts as Iran's economy falters
http://news.yahoo.com/unemployment-mounts-irans-economy-falters-141355369--business.html
Young unemployed middle eastern men

China cuts rare earths mining permits
http://news.yahoo.com/china-cuts-rare-earths-mining-permits-060921643--finance.html
More government manipulation to control the industry. Go Molly Corp.

Comments (0)
Thursday, September 13, 2012
Fed seen launching fresh stimulus, details in question

Fed seen launching fresh stimulus, details in question
This is all that matters today. If they decide to print more money, the dollar will go down and gold prices up. If they don't announce a QE3, the dollar will go up and gold prices down.

http://finance.yahoo.com/news/fed-seen-launching-fresh-stimulus-040346763.html

Comments (0)
Thursday, August 30, 2012
Oil falls as US Gulf Coast storm heads inland

Oil falls as US Gulf Coast storm heads inland
http://news.yahoo.com/oil-falls-us-gulf-coast-storm-heads-inland-051334481.html
Temporary spike. The end of September is the end of the summer oil spike. Oil down, dollar up, gold down.

Gold turns negative as U.S. equities extend losses
http://af.reuters.com/article/metalsNews/idAFL2E8JU5CJ20120830
September 12 Fed meeting will not announce a QE3. Dollar up, Gold down.

Tags :  oilgold pricesU.S. equitiesFederal ReserveQE3
Comments (1)
Wednesday, August 29, 2012
Bernanke Will Freshen Up “Stale” Minutes at Jackson Hole

Bernanke Will Freshen Up “Stale” Minutes at Jackson Hole
http://finance.yahoo.com/blogs/breakout/bernanke-freshen-stale-minutes-jackson-hole-114329068.html?l=1
The Fed will not do a QE3 on September 12 meeting. Dollar up, gold down.

A.M. Kitco Metals Roundup: Gold Weaker on More Profit Taking, Chart Consolidation; Bernanke Speech Looms
http://www.kitco.com/reports/KitcoNews20120829JW_am.html
The Fed will not do a QE3 on September 12 meeting. Dollar up, gold down.

France wants to pay chunk of young hires' salaries
http://news.yahoo.com/france-wants-pay-chunk-young-hires-salaries-120152099--finance.html
How long can Europe keep kicking the can down the road?

Oil prices fall amid calls for increased output
http://news.yahoo.com/oil-prices-fall-amid-calls-increased-output-054927888--finance.html
Dollar up, Gold down.

Tags :  Federal ReserveQE3Jackson HoleGold PricesgoldBernankeFranceoil prices
Comments (1)
Monday, August 27, 2012
Is More Fed Action the Answer? All Eyes on Bernanke’s Jackson Hole Speech

Is More Fed Action the Answer? All Eyes on Bernanke’s Jackson Hole Speech
http://finance.yahoo.com/blogs/daily-ticker/fed-jackson-confab-more-fed-action-answer-142019411.html?l=1
Good Article.

A.M. Kitco Metals Roundup: Gold Near Steady as Market Pauses; Fed, ECB Meetings Awaited
http://www.kitco.com/reports/KitcoNews20120827JW_am.html
Fed will do something, but not a QE3.

Public pensions eat up more of state’s discretionary spending
http://taxdollars.ocregister.com/2012/08/26/public-pensions-eat-up-more-of-states-discretionary-spending/161295/
Public Unions are states worse problem.

Comments (2)
Friday, August 24, 2012
NEW Collapse of Gold Report

The Collapse of Gold Report has been updated and features key indicators and events that may lead to the collapse of gold prices.

Investors might want to reconsider looking to gold as a safe haven to stash their money. This article brings to light many factors which can dramatically affect the strength of the U.S. dollar and gold prices. Gold prices have been artificially inflated, but what people don't know is when will the price of gold collapse.

In the recent months gold prices have been fluctuating. This price fluctuation is the result of a long list of events that are affecting the strength of the U.S. dollar. If these events continue to occur, the dollar will strengthen and cause gold prices to fall.

To read the full report, click the link below.
http://www.rarecoinwholesalers.com/login?ReturnUrl=%2Fresource%2FCollapseOfGold

Comments (0)
Tuesday, August 21, 2012
A.M. Kitco Metals Roundup: Gold Slightly Lower in Quiet Trading; Fresh Fundamental Inputs Awaited

A.M. Kitco Metals Roundup: Gold Slightly Lower in Quiet Trading; Fresh Fundamental Inputs Awaited
http://www.kitco.com/reports/KitcoNews20120820JW_am.html
Everyone is waiting for Ben Bernanke speech on Aug 31 at Jackson Whole, the Federal Reserve Meeting on September 12 and the end of the summer oil spike the last week of September. All will push dollar up and gold down.

Comments (1)
Tuesday, August 14, 2012
Europe on the edge of recession

Europe on the edge of recession
http://news.yahoo.com/europe-edge-recession-102625704--finance.html
Euro down, Dollar up, Gold Down.

Comex Gold Slides After Stronger-Than-Forecast U.S. Retail Sales, PPI
http://www.kitco.com/reports/KitcoNews20120814AS_update2.html
Dollar up, Gold Down.

Tags :  EuropeGold Prices
Comments (1)
Monday, July 23, 2012
US stocks sharply lower as Europe fear surges

US stocks sharply lower as Europe fear surges
http://finance.yahoo.com/news/us-stocks-sharply-lower-europe-133339099.html?l=1
It is all about Europe this week. Euro down, dollar up, gold down.

Europe again wobbles at the edge
http://news.yahoo.com/europe-again-wobbles-edge-120702570--finance.html
It is all about Europe this week. Euro down, dollar up, gold down.

Europe rattled by fears
http://news.yahoo.com/europe-rattled-fears-122835675--finance.html
It is all about Europe this week. Euro down, dollar up, gold down.

Greek stocks plunge ahead of austerity inspection
http://news.yahoo.com/greek-stocks-plunge-ahead-austerity-inspection-140757353--finance.html
It is all about Europe this week. Euro down, dollar up, gold down.

Comex Gold Slides With Euro On Renewed Worries About Spain, Greece
http://www.kitco.com/reports/KitcoNews20120723AS_am.html
It is all about Europe this week. Euro down, dollar up, gold down.

Tags :  stocksEuropeGreeceGold pricesSpainAusterity inspection
Comments (0)
Thursday, July 05, 2012
Hopeful signs emerge for struggling jobs market

Hopeful signs emerge for struggling jobs market
http://finance.yahoo.com/news/u-jobless-claims-post-biggest-123314226.html
Private sector (70% of U.S. GDP) is adding jobs, public sector (30% of U.s. GDP) is losing jobs.

US fixed mortgage rates fall to new record lows
http://news.yahoo.com/us-fixed-mortgage-rates-fall-record-lows-140126038--finance.html
Half article. As long as the Federal Reserve keeps the Fed Interest rates at zero, banks will keep credit tight.

Americans Squeezed by Higher Rents, Tight Credit
http://finance.yahoo.com/news/americans-squeezed-higher-rents-tight-050516177.html
Half article. As long as the Federal Reserve keeps the Fed Interest rates at zero, banks will keep credit tight.

European Central Bank, China, Bank of England take moves to stimulate growth
http://news.yahoo.com/european-central-bank-china-bank-england-moves-stimulate-120654957.html
Foreign currencies down, dollar up, gold down.

Gold Slumps on ECB Rate Cut
http://www.thestreet.com/story/11606865/1/gold-slumps-on-ecb-rate-cut.html
Foreign currencies down, dollar up, gold down.

Comments (1)
Wednesday, June 20, 2012
G20 Fiddles as Europe Burns But Ian Bremmer Says They Still Have Time

G20 Fiddles as Europe Burns But Ian Bremmer Says They Still Have Time
http://finance.yahoo.com/blogs/daily-ticker/g20-fiddles-europe-burns-ian-bremmer-says-still-144908887.html?l=1
Empty promises, Euro down, Dollar up, Gold down.

Spanish short-term debt costs reach alarm levels
http://finance.yahoo.com/news/spanish-short-term-debt-costs-112339587.html?l=1
Empty promises, Euro down, Dollar up, Gold down.

Greece to form new government, reports say
http://news.yahoo.com/blogs/lookout/greece-government-125357477.html
Empty promises, Euro down, Dollar up, Gold down.

State and Local Govt. Austerity Turns David Rosenberg (Almost) Bullish
http://finance.yahoo.com/blogs/daily-ticker/state-local-govt-austerity-turns-david-rosenberg-almost-141628229.html?l=1
40 states moving back into the black, 10 states are not (top 4: California, New York, New Jersey and Illinois).

A.M. Kitco Metals Roundup: Comex Gold Lower on Profit-Taking, Position Evening Ahead of FOMC
http://www.kitco.com/reports/KitcoNews20120620JW_am.html
Fed will do very little, dollar up, gold down.

Comments (1)
Tuesday, June 19, 2012
Gold wavers, safe-haven bids dwindle

Gold wavers, safe-haven bids dwindle
http://www.marketwatch.com/story/gold-silver-edge-higher-in-asian-trading-2012-06-19
When Federal Reserve does nothing on Wednesday, dollar up, gold down.

Comments (0)
Tuesday, June 12, 2012
NEW ECONOMIC ARTICLE: Gold Prices & Inflation Fears

Gold Prices & Inflation Fears

Written by Economist, Dr. Scott Sumner

The past decade has seen a historic bull market in gold, with prices rising from roughly $300/oz in the early 2000s to a peak of nearly $1900/oz in 2011. More recently gold prices have pulled back to the $1500 to $1600 range. In my view it is not possible to precisely forecast gold prices, or any other asset price. However we can examine the economic fundamentals that have been driving the gold market in recent years, in the hope of getting a better understanding of whether the price movements are “rational”. Gold prices have been driven higher by three fundamental factors. This article covers the correlation between gold prices & inflation fears and how it affects an investment in gold. 

To read the article visit http://www.rarecoinwholesalers.com/resources


About the Author: Economist Scott Sumner

Our latest article was written by Dr. Scott Sumner who is known for his extensive research on the roles of the gold standard in the Great Depression. Sumner received a Ph.D in economics from the University of Chicago and has taught at Bentley University since 1982.


Comments (2)
Tuesday, June 12, 2012
EU: movement of money, people can be limited

EU: movement of money, people can be limited
http://news.yahoo.com/eu-movement-money-people-limited-144836122--finance.html
Europe is preparing for the inevitable.

Starbucks brews a few U.S. factory jobs
http://finance.yahoo.com/news/starbucks-brews-few-u-factory-101151726.html
U.S. private sector (70% of U.S. GDP) strengthening.

Comex Gold Turns Higher on Bargain Hunting, Short Covering, Safe-Haven Buying
http://www.kitco.com/reports/KitcoNews20120612JW_update.html
Gold up this week. No QE3 from Fed and realization that the promises from Europe are false again may reverse this next week.

Tags :  EuropePrivate SectorGold Prices
Comments (0)
Monday, June 04, 2012
How Much Gold Do Investors Need? Zero Should Suffice

How Much Gold Do Investors Need? Zero Should Suffice
http://finance.yahoo.com/news/much-gold-investors-zero-suffice-040100747.html?l=1
Dollar up, gold down.

Europe’s ‘Call Me Maybe’ Approach to Financial Crisis Management
http://finance.yahoo.com/blogs/daniel-gross/europe-call-maybe-approach-financial-crisis-management-144011569.html
Keep kicking the can down the very, very short road.

All’s Quiet on the European Front: No News Is Good News…For Now
http://finance.yahoo.com/blogs/daily-ticker/quiet-european-front-no-news-good-news-now-142715996.html?l=1
Keep kicking the can down the very, very short road.

Middle Class Hurt by Broken Global Banking System: ‘Unfair Trade’ Author Says
http://finance.yahoo.com/blogs/daily-ticker/middle-class-hurt-broken-global-banking-system-unfair-151629536.html?l=1
Concentrate on the U.S. economy, forget about the world economy.

Comments (1)
Thursday, May 10, 2012
Gold Falls Below $1,600 Nearly Wiping Out Gains For 2012

Gold prices dropped below $1,600 an ounce today, nearly wiping out the gains for 2012. Political uncertainty in Greece and Spanish banks prompted investors to sell their bullion for the third straight day. Fear due to a change in the French Presidency, the state of the Spanish banks, and gridlock in Greece all contributed to the 3 percent drop in precious metals. Optimism in gold unhinged following the turmoil in Europe. Many investors are questioning whether they are going to be seeing a large enough euro bail out that precious metal prices will rise again.

The Federal Reserve is the Key
Since we released our Collapse of Gold Report in November, gold has dropped from over $1,800 an ounce to under $1,600 an ounce. Chairman Ben Bernake has given no indication that the central banks will start a Q3. Recent improvements in the U.S. economy could indicate that the Fed’s next step will be to raise interest rates, which will cause gold prices to drastically decline.

Although gold has been known as a way to protect wealth in times of economic uncertainty, Frank Tang of Reuters said this year gold is “in tandem with riskier assets such as equities and crude oil”.

Other Ways to Invest in Tangible Assets
If you are considering selling your gold, there are other options available that do not play the precious metals market. Within the investment realm of tangible assets, there is one asset that has outperformed gold and stocks for the last 40 years: rare coins. Although many people have preconceived notions of rare coins, the investment potential is unique. Unlike many investments, rare coins are not tied to the precious metals market or the dollar. Consequently, the prices do not fluctuate like the price of gold or silver.

Rare coins allow you to privatize your investment portfolio since no 1099b or social security number is required. Due to the finite supply, the price of these can never go to zero and the market is driven by collectors/investors. A new set of programs were developed that allow people to invest in this tangible asset with the help of industry experts. The two programs, known as the Numismatic Asset Protection Account (NAPA) and Numismatic Trading Account (NTA), utilize one of the industry’s largest inventories of rare coins. With the close guidance of numismatic expert, Steve Contursi, these accounts are achieving 10-15% profits.

Tags :  goldgold pricesfederal reservebernakegreecespainNTANAPArare coin wholesalers
Comments (3)
Tuesday, May 08, 2012
Comex Gold Extends Earlier Losses to Trade Sharply Lower; Serious Near-Term Technical Damage Inflicted

Comex Gold Extends Earlier Losses to Trade Sharply Lower; Serious Near-Term Technical Damage Inflicted
http://www.kitco.com/reports/KitcoNews20120508JW_update.html
Euro down, dollar up, gold down.

Wall Street falls 1 percent on euro uncertainty
http://finance.yahoo.com/news/stock-futures-fall-greece-political-113038760.html?l=1
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

Germans warns Greece: no cuts, no aid
http://news.yahoo.com/germans-warns-greece-no-cuts-no-aid-140823443--business.html
Greece broke by end of June, possible domino effect.

Another Spring Swoon? Nope, Europe Won’t Stop This Bull Market Says Paulsen
http://finance.yahoo.com/blogs/breakout/another-spring-swoon-nope-europe-won-t-stop-130942123.html?l=1
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

Oil falls to near $97 amid weak US, Europe demand
http://news.yahoo.com/oil-falls-near-97-amid-weak-us-europe-082534387--finance.html
Euro down, dollar up, gold down, stock market shifting away from doing business overseas to doing business in the U.S.

The Myth of America’s Decline Is Just That – A Myth: Dan Gross
http://finance.yahoo.com/blogs/daily-ticker/myth-america-decline-just-myth-dan-gross-135826095.html?l=1
U.S. Private Sector (70% of U.S. GDP) is growing. Dollar is strengthening. Investment capital around the world is flowing to the U.S. dollar and U.S. private sector.

Comments (1)
Wednesday, May 02, 2012
Comex Gold Lower amid "Risk-Off" Trading Day, Firmer U.S. Dollar Index

Sen. Corker’s Plan For Fannie And Freddie: “Reform ‘Em Out Of Business”
http://finance.yahoo.com/blogs/daily-ticker/sen-corker-plan-fannie-freddie-reform-em-business-132829487.html?l=1
5 years ago, nobody would even suggest this option. We are moving in the right direction. Cut Government.

“If You Are Too Big To Fail, You’re Too Big”: Richard Fisher
http://finance.yahoo.com/blogs/daily-ticker/too-big-fail-too-big-richard-fisher-143149962.html?l=1
Modern day monopolies being helped by the government. Cut monopolies.

A.M. Kitco Metals Roundup: Comex Gold Lower amid "Risk-Off" Trading Day, Firmer U.S. Dollar Index
http://www.kitco.com/reports/KitcoNews20120502JW_am.html
U.S. Dollar keeps strengthening. We will hit a tipping point and gold will collapse.

Comments (1)
Monday, April 30, 2012
Gold declines, on track for monthly loss

U.S. spending slows while income rises
http://finance.yahoo.com/news/u-spending-slows-while-income-125000712.html?l=1
Uncertainty on U.S. election politics making people cautious, but the private sector of U.S. (70% of U.S. GDP) is still growing.

A Real Failure Friday: Five Banks Fail in Worst Week Since April 2011
http://finance.yahoo.com/blogs/daniel-gross/real-failure-friday-five-banks-fail-worst-week-124759281.html?l=1
U.S. keeps weeding out the bad banks. The overall banking situation strengthening and is now waiting for Fed to raise the interest rates.

Gold declines, on track for monthly loss
http://www.marketwatch.com/story/gold-steady-in-asia-on-track-for-monthly-loss-2012-04-30
Dollar up, U.S. private sector up, gold down.

Tags :  incomebanksgold pricesprivate sector
Comments (2)
Monday, April 23, 2012
Gold slips below $1,630 per oz as euro falls

By Jan Harvey | Reuters

Gold prices slid below $1,630 an ounce on Monday as concerns that the euro zone debt crisis could ensnare higher-rated countries hurt the single currency, though moves were muted ahead of this week's Federal Reserve meeting.

The metal is extending the 2 percent losses it has posted so far this month, in line with a drop in the euro. The currency has come under heavy pressure from growing fears over the ability of some euro zone countries, particularly Spain, to manage debt.

Spot gold was down 0.7 percent at $1,629.69 an ounce at 7:53 a.m. EDT (1153 GMT), while gold futures for June delivery were down $11.80 an ounce at $1,630.90.

"We are basically caught between two opposing factors," Credit Suisse analyst Tobias Merath said.
"On the one hand, we have U.S. bond yields coming off, which adds some support, but concerns over Europe are capping the upside, because the situation in Europe has the potential to lead to deteriorating liquidity conditions."

"As we saw at the end of last year, gold is a hedge against all kinds of crises, but not against a liquidity problem, when people are liquidating assets to raise much-needed cash. They also sell gold in this environment."

Prices will struggle to break out of their current range without fresh drivers, he said.
Gold watchers are turning their attention to the Federal Reserve's two-day policy meeting from Tuesday, at which the prospect of more monetary easing is set to be addressed.

The euro fell against the dollar, having drawn little support from news at the weekend that the International Monetary Fund would receive a further $430 billion to safeguard economies from the euro zone debt crisis.

Worries over the euro zone's financial health were apparent in the debt market. Dutch and peripheral euro zone bonds sold off, driving Spanish yields back above 6 percent, as a political crisis in the Netherlands stoked investor fears euro zone commitments to contain the debt crisis were under threat.

German Bund futures hit record highs and French bonds slipped as investors worried that a potential presidential election win by the French Socialists would compromise the euro zone's commitment to fight its debt crisis.

The premium investors demand to hold Dutch 10-year government bonds rather than German Bunds rose to a three-year high on Monday as the country slipped into political crisis after a failure to agree on budget cuts.

Concerns over euro zone debt were a key factor pushing gold to record highs last year, but the dollar has since taken over as investors' safe haven of choice. Bad news from the bloc now tends to pressure gold, which falls in line with the euro.

WORK TO DO
"Gold still has a lot of work to do to convince investors that it has made up its mind on which hat it wants to wear - safe haven or risk," UBS said in a note on Monday.

Physical gold demand remained light in major consumer India even ahead of the Akshaya Tritiya festival on Tuesday, an auspicious day to buy gold.

Buying is being hurt by weakness in the rupee, which makes dollar-priced gold more expensive for local buyers.

In New York last week, money managers raised their net long positions in gold futures and options to 112,275 contracts, from 109,511 contracts a week earlier, its lowest in more than three years.

While the net length in gold had fallen more than 40 percent from this year's peak hit in early March, the total open interest edged lower from a week earlier to 640,791 contracts, down 13 percent from March and near a two-year low hit earlier in the month.

Among other precious metals, silver was down 2.1 percent at $31.00 an ounce, spot platinum was down 0.9 percent at $1,558.75 an ounce and spot palladium was down 1.1 percent at $663.97 an ounce.

Data from Chinese customs authorities on Monday showed its platinum imports rose by nearly a third last month to their highest since December at 7,446 kgs, while palladium imports have fallen to their lowest since December 2009.

China's silver imports, at 255,455 kg, were down by a third year-on-year, but still at their highest in 6 months.

Source: http://news.yahoo.com/gold-slips-below-1-630-per-oz-euro-121926035--finance.html

Comments (1)
Thursday, March 29, 2012
Chinese shares lead global retreat

Chinese shares lead global retreat
http://news.yahoo.com/chinese-shares-lead-global-retreat-100222606.html
Dollar up, commodity based economies down (China).

A.M. Kitco Metals Roundup: Comex Gold Slightly Lower Amid Bearish "Outside Market" Forces; Bulls Fading Again
http://www.kitco.com/reports/KitcoNews20120329JW_am.html
Dollar up, Commodities down.

Merrill, Morgan Stanley seen losing grip on rich
http://finance.yahoo.com/news/merrill-morgan-stanley-seen-losing-142818964.html?l=1
Tired of the con men just wanting a piece of the pie.

Comments (0)
Friday, March 23, 2012
Gold Prices Temporarily Rise

Facebook Investors Should Be Worried By Pinterest Mania: Fortune’s Hempel
http://finance.yahoo.com/blogs/daily-ticker/facebook-investors-worried-pinterest-mania-fortune-hempel-145543971.html?l=1
Social Networks are a bubble with a following that will jump to the new thing, keep an eye on Pinterest.

Obama blames Congress for failed solar firm
http://news.yahoo.com/obama-blames-congress-failed-solar-firm-202902202.html
Solar is not economically feasible to replace oil, gas or coal as of yet.

Comex Gold Extends Gains As Dollar Softens, Crude Oil Rises
http://www.kitco.com/reports/KitcoNews20120323AS_goldupdate.html
Dollar down, oil and gold up, temporary, dollar will start going up again next week.

Comments (1)
Tuesday, March 20, 2012
Comex Gold Lower Amid A "Risk Off" Trading Day

Market mood turns sour on China fears
http://news.yahoo.com/market-mood-turns-sour-china-fears-141710703.html
Half truth article. The U.S. Private Sector (70% of U.S. GDP and 25% of world GDP) is not dependent on China. The U.S. consumes 90% of its own GDP, we only export and import 10% of our GDP.

Kuwait says Iran vows not to shut Strait of Hormuz
http://news.yahoo.com/kuwait-says-iran-vows-not-shut-strait-hormuz-144408213.html
There is no shortage of oil or gas in the U.S. Speculation and government regulation is the reason for high oil prices.

A.M. Kitco Metals Roundup: Comex Gold Lower Amid A "Risk Off" Trading Day In Market Place
http://www.kitco.com/reports/KitcoNews20120320JW_am.html
Europe is dealing with some debt issues today and tomorrow, Euro down, Dollar up, gold down.

Tags :  U.S. Private SectorChinaGDPKuwaitoil pricesEuropeGold prices
Comments (1)
Tuesday, March 06, 2012
Gold’s Recent Retreat Largely Blamed On Exodus By Short-Term Futures Speculators

Gold’s Recent Retreat Largely Blamed On Exodus By Short-Term Futures Speculators
http://www.kitco.com/reports/KitcoNews20120306AS_gold.html
*Read the part where they talk about the danger of more gold liquidations.

Tuesdays declines are cause of renewed worries about Greece’s debt problems on the heels of start-of-week news that Chinese officials have lowered their target for gross-domestic-product growth to 7.5%, which would be the smallest advance since 2004, analysts said. Weaker growth presumably means less demand for commodities and also lessens inflationary prospects.
“That is impacting commodities in general,” O’Neill said.

Comments (0)
Wednesday, February 29, 2012
Gold falls on upbeat U.S. economic data

Gold falls on upbeat U.S. economic data, Bernanke
http://finance.yahoo.com/news/gold-falls-upbeat-u-economic-154248753.html?l=1
The private sector (70% US GDP and 25% of world GDP) is the only place showing growth.

Stockton could become biggest city to go bankrupt
http://news.yahoo.com/stockton-could-become-biggest-city-bankrupt-024108696.html
Pain growing in city, county and states. More bankruptcies to come.

U.S. announces diplomatic breakthrough with North Korea
http://news.yahoo.com/blogs/envoy/u-announces-diplomatic-breakthrough-north-korea-152331635.html
Nuke program is very expensive. They chose food over bombs.

College costs: Time to rethink higher education
http://finance.yahoo.com/news/college-costs-time-rethink-higher-120400689.html
The next bubble will be government backed student loans.

Rhetoric on Oil Prices Flares: Boehner vs. White House
http://news.yahoo.com/rhetoric-oil-prices-flares-boehner-vs-white-house-225123089--abc-news.html
Non-existent and failed energy programs for last 30 years is over. Private businesses are building an energy plan in spite of Federal government.

Greek unions hit back at minumum wage cuts
http://news.yahoo.com/greek-unions-hit-back-minumum-wage-cuts-082058859.html
Already breaking austerity promises.

Students, police clash in Spanish city Barcelona
http://news.yahoo.com/students-police-clash-spanish-city-barcelona-155409809.html
Already breaking austerity promises.

Comex Gold Falls On Bernanke Remarks; Profit-Taking Cited Ahead Of $1,800 Region
http://www.kitco.com/reports/KitcoNews20120229AS_goldupdate.html
Dollar up, gold down, long term.

Comments (2)
Wednesday, February 22, 2012
Gold Prices Pause on Greek Bailout Hangover

"US-based bullion dealers we polled over the past week report 'quiet' conditions and only 'sporadic' telephone call and transaction volumes, with would-be buyers of gold and silver only making an appearance in the wake of substantial rallies and not really buying on the dips," said John Nadler, senior metals analyst with Kitco Metals. Nadler also noted a Reuters report suggesting that India -- the world's largest gold consumer -- could see gold imports fall as much as 35% this year as inflation eases and stocks rally. The Indian government expects gold imports to come in at $38 billion in 2012 compared with an estimated $58 billion this year.  

Investors might want to reconsider looking to gold as a safe haven to stash their money. Gold prices have been artificially inflated and the question on everyone's mind is when will the price of gold collapse. There are some key indicators to look for that will lead to the collapse in gold prices. For more information on these indicators, read our Collapse of Gold Report. http://www.rarecoinwholesalers.com/resources

Source: http://www.thestreet.com/story/11428794/1/gold-prices-pause-on-greek-bailout-hangover.html

Comments (1)
Monday, February 20, 2012
Oil jumps to 9-month high after Iran cuts supply
Oil jumps to 9-month high after Iran cuts supply
http://finance.yahoo.com/news/oil-jumps-9-month-high-044713139.html
Oil up, gold up.
 
Iranians desperate as dark economic clouds gather
http://finance.yahoo.com/news/iranians-desperate-dark-economic-clouds-160443229.html
Don’t be fooled, this is not going to stop Iran from developing a nuclear weapon.
 
PRECIOUS-Gold climbs with euro on hopes for Greek deal
http://af.reuters.com/article/metalsNews/idAFL4E8DK27R20120220
More promises. Temporary dollar down, gold up.
 
Deal trims maximum jobless benefits to 73 weeks
http://news.yahoo.com/deal-trims-maximum-jobless-benefits-73-weeks-084132078.html
The only good news I could find. 50% of the people on unemployment will go back to work, the moment they cut benifets.

Tags :  oil pricesIrangold pricesunemployment
Comments (1)
Friday, January 27, 2012
Gold's Rally To Be Short-Lived
Gold's Rally To Be Short-Lived – CPM Group
NY commodities consultant says that gold has rallied this week due to the low interest rates, but the gains are likely to be short-lived. 
Next week, gold may start going down.
 
http://www.kitco.com/reports/KitcoNews20120126KN_DeC.html
Tags :  Goldgold pricesKitco
Comments (1)
Friday, January 20, 2012
Gold steady for 3 weeks, but what happens when China stops buying?
GM regains crown as top-selling automaker, Toyota No.3
http://smallbusiness.yahoo.com/advisor/gm-regains-crown-top-selling-automaker-toyota-no-024254168.html
Because of overseas sales, if this dries up, GM will be in trouble.
 
U.S. shuts Megaupload.com, hackers retaliate
http://smallbusiness.yahoo.com/advisor/u-shutters-megaupload-com-hackers-retaliate-011423326.html
We are finally going after foreign theft.
 
Gold steady; heads for 3rd week of gains
http://smallbusiness.yahoo.com/advisor/gold-slips-below-5-week-high-060854032.html
China is buying gold and supporting the market. When they stop, gold will go down.
 
Public employees hit back in pension fight
http://news.yahoo.com/public-employees-hit-back-pension-fight-182520334.html
Going after the union pension plans.

Comments (1)
Wednesday, January 18, 2012
More Promises from Europe As Greek Debt Talks Resume
All terms on table as Greek debt talks resume: official
http://smallbusiness.yahoo.com/advisor/greece-creditors-strive-avoid-costly-default-020729737.html
More promised from Europe, not growth, currency manipulation. All growth is in the U.S. private sector.
 
House to reject debt limit increase. Why that doesn't really matter
http://news.yahoo.com/house-reject-debt-limit-increase-why-doesnt-really-234615471.html
Gridlock.
 
Congress revisiting bruising payroll tax cut fight
http://news.yahoo.com/congress-revisiting-bruising-payroll-tax-cut-fight-074119062.html
Gridlock.
 
A.M. Kitco Metals Roundup: Comex Gold Weaker On Corrective Pullback From Recent Gains
http://www.kitco.com/reports/KitcoNews20120118JW_am.html
Temporary.
 

Tags :  EuropeGreece debtHousedebt limitpayroll tax cutcongressgold pricesKitcoComex
Comments (1)
Friday, January 13, 2012
Mortgage Rates Drop, Is This Operation Twist?
Obama seeks power to merge agencies
http://news.yahoo.com/obama-seeks-power-merge-agencies-161650498.html
Smoke screen. Reorganize 5 agencies and cut 20,000 jobs, than he can reorganize anything else he wants, after that, republicans will not give him this power.
 
Rate on 30-year mortgage drops to record 3.89 pct.
http://finance.yahoo.com/news/rate-30-mortgage-drops-record-150304575.html
Operation twist by Federal reserve is to sell all of its short term bond and treasuries and buy long term, locking in longer term rates at lower levels. Opening short term rates to go up.
 
A.M. Kitco Metals Roundup: Comex Gold Weaker On Corrective Pullback From Recent Gains
http://www.kitco.com/reports/KitcoNews20120113JW_AM.html
Dollar going up, gold going down.
Comments (0)
Thursday, January 12, 2012
The Dollar Depreciation in Historical Perspective
Economist Online » Put dollar depreciation in historical perspective 
http://economistonline.muogao.com/2008/01/put-dollar-depreciation-in-historical-perspective.html

Exclusive: Republicans move to control Keystone approval
http://news.yahoo.com/exclusive-republicans-seek-cut-obama-keystone-decision-221849705.html
This will help cut our dependence on middle eastern oil.
 
U.S. military moves carriers, denies Iran link
http://news.yahoo.com/u-military-moves-carriers-denies-iran-023925806.html
Trying to bring unrest on oil down.
 
Bank of America puts advertising account on review
http://smallbusiness.yahoo.com/advisor/bank-america-puts-advertising-account-review-225732898.html
Banks moving from survival mode to an expansion mode.
 
A.M. Kitco Metals Roundup: Comex Gold Solidly Higher, At 4-Week High, On Bullish “Outside Markets”
http://www.kitco.com/reports/KitcoNews20120112JW_AM.html
Europe temporarily moving forward, will not last past the end of the month.

Comments (1)
Tuesday, January 10, 2012
A.M. Kitco Metals Roundup: Comex Gold Trades Solidly Higher on Bargain Hunting, Short Covering
Tags :  gold pricesgold comexkitcoprecious metalsrcw
Comments (1)
Thursday, January 05, 2012
Comex Gold Weakens as U.S. Dollar Index Extends Gains
Comex Gold Weakens as U.S. Dollar Index Extends Gains
http://www.kitco.com/reports/KitcoNews20120105JW_update.html
As the dollar stregnthens, gold prices will fall. 

Tags :  gold pricesU.S. Dollarstrenghtening dollargoldrcw
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Tuesday, January 03, 2012
Temporary Spike in Gold Prices
Gold Prices Pop Past $1,600 as Dollar Flails
http://www.thestreet.com/story/11362857/1/gold-prices-pop-past-1600-as-dollar-flails.html
Everyone fled to safety (dollar at the end of the year), money came back into the market today, gold will start dropping off by end of week.

Greece: No second bailout, no euro
http://finance.yahoo.com/news/greece-no-second-bailout-no-141331172.html?l=1
Euro down, Dollar up, Gold down.
Tags :  gold pricesgoldgreeceeuroU.S. Dollargold marketeconomy
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