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  • Ink + Paper Doesn’t Equal Value
    By on May 21, 2014 | No Comments  Comments
    My dad will turn 84 this year. When he was born, you could walk into a Federal Reserve Bank or the Treasury and redeem your paper money for gold. It actually said you could on every piece of U.S. paper currency: “Redeemable in gold on demand at the United States Treasury, or in Gold or lawful ...
  • Silver Stealth Buying
    By on May 17, 2014 | No Comments  Comments
    Silver has suffered as a market pariah this year, dragging along doggedly near major lows.  Investors have seemingly abandoned it to chase the Fed’s general-stock-market levitation, an affliction plaguing most of the alternative-investment realm.  But rather provocatively, silver buying remains ...
  • Major Stock Selloff Looms
    By on May 14, 2014 | No Comments  Comments
    A major selloff is brewing in the lofty US stock markets, which have been grinding sideways for a couple months now.  Momentum has faded despite selective positive earnings-season news and Janet Yellen’s jawboning.  Stocks remain very overvalued, way too expensive for prudent investors to buy. ...
  • New Gold In The Pipeline
    By on May 6, 2014 | No Comments  Comments
    New Gold’s 2014 midpoint guidance has it producing 400k ounces of gold at all-in sustaining costs of $825 per ounce.  This production profile, which is the product of a well-diversified portfolio of mines, places NGD among the mid-tier elite.  But perhaps most impressive about this company is it...
  • Gold-Futures Selloff Wanes
    By on April 26, 2014 | No Comments  Comments
    Gold’s sharp selloffs since mid-March have been mostly driven by American futures speculators’ heavy selling.  These traders dramatically slashed their long bets on gold while ramping up their shorts.  The resulting deluge of supply flooded the market and temporarily overwhelmed demand.  But ...
  • An Amazing Story From Japan
    By on April 19, 2014 | No Comments  Comments
    Here’s something you don’t see very often: For a day and a half this week, the Japanese government’s benchmark 10-year bonds attracted not a single successful private sector bid. At today’s artificially-depressed yields, no one wants this paper — except of course the Bank of Japan, which i...
  • GDX Gold-Stock Benchmark
    By on April 12, 2014 | No Comments  Comments
    The American GDX Gold Miners ETF is slowly becoming the de-facto standard for measuring gold-stock performance.  Nearing its eighth birthday, GDX has even usurped the venerable HUI gold-stock index as this sector’s metric of choice in many circles.  While GDX has advantages and disadvantages com...
  • Contrarian Gold-Stocks 4
    By on April 9, 2014 | No Comments  Comments
    Gold stocks have lapsed back to despised status after late March’s sharp selloff.  Thanks to their strong 2014 rally before that, traders were slightly warming to this abandoned sector.  But despite the rekindled extreme bearishness, gold stocks remain the greatest bargain in all the stock marke...
  • The Screaming Fundamentals For Owning Gold
    By on April 7, 2014 | No Comments  Comments
    This report lays out the investment thesis for gold. Silver is mentioned only where necessary, as a separate report of equal scope will be forthcoming on that topic. Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it ...
  • Contrarian Gold Stocks 4
    By on April 5, 2014 | No Comments  Comments
    Gold stocks have lapsed back to despised status after late March’s sharp selloff.  Thanks to their strong 2014 rally before that, traders were slightly warming to this abandoned sector.  But despite the rekindled extreme bearishness, gold stocks remain the greatest bargain in all the stock marke...
  • Gold and the National Debt
    By on April 3, 2014 | No Comments  Comments
    Via this item at GoldSilverWorlds comes the graphic below where it’s not difficult to spot the time period that is the clear outlier in a world where debt, seemingly, doesn’t matter. Of course, at some point, debt will matter, but the perception that it doesn’t (or won’t) goes a long way in...
  • Debt Makes You Dumb, Japanese Edition
    By on April 3, 2014 | No Comments  Comments
      Debt works the same way for countries as for families and individuals. That is, if you borrow too much, your life begins to suck. And actions that in normal times might have seemed unwise, contradictory or downright stupid begin to look better than the (even more disturbing) alternatives. Pre...

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