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  • Gold Stocks Turning Up
    By on January 10, 2015 | No Comments  Comments
    The gold miners have seen impressive investor interest in their beaten-down stocks in this young new year, with capital inflows fueling a sharp rally.  And this buying is likely just beginning, as major market changes are afoot that should catapult gold much higher.  With gold stocks trading at fu...
  • Scenes From a (Suddenly) Nude Beach
    By on January 3, 2015 | No Comments  Comments
    Warren Buffett’s classic observation that “You only see who’s swimming naked when the tide goes out” is being tossed around more frequently these days, as the world gets yet another deflation scare. Zero Hedge just published a great piece on this topic, which should be read in its entirety. ...
  • 2014 In Review: How Could Gold Bugs Have Been So Wron...
    By on December 30, 2014 | No Comments  Comments
    Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious metals had to resume their bull market. The evidence was overwhelming. Debt in the developed world had risen to $157 trillion, or 3...
  • New African Gold Miner
    By on December 28, 2014 | No Comments  Comments
    The 2000’s gold bull has brought a lot of attention to West Africa.  This attention has not always translated to success given the unstable geopolitical environment in this part of the world.  But the diligent miners able to endure and overcome the challenges have been rewarded with some maj...
  • Implications for the Stock Market and Gold with a Yen...
    By on December 24, 2014 | No Comments  Comments
    Since late 2012, the Yen has fallen nearly 40% as the Bank of Japan (BOJ) has launched an all-out war to devalue its currency. The forces that would likely drive this push were no mystery. As outlined on Financial Sense in June 2012 (see Massive Japanese Debt Monetization Is Coming, Yen to be Deval...
  • Gold Stocks Shine In 2015
    By on December 22, 2014 | No Comments  Comments
    Gold stocks have suffered a miserable few years, becoming a laughingstock even among contrarians.  But this despised sector’s seemingly-endless downward spiral has left gold stocks vastly undervalued relative to gold, which drives their profits.  The fundamentally-absurd disconnect between gold-...
  • This Is What Gold Does In a Currency Crisis!
    By on December 17, 2014 | No Comments  Comments
    To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local...
  • SPX Topping Valuations 4
    By on December 15, 2014 | No Comments  Comments
    The prevailing valuations in the lofty US stock markets are increasingly becoming a bone of contention.  Wall Street calmly asserts stocks are fairly valued or even cheap, since it has a huge vested interest in keeping people fully-invested.  But a growing chorus of dissenters is disputing that id...
  • Why the US Is (Temporarily) Outperforming, In Two Cha...
    By on December 10, 2014 | No Comments  Comments
    Last week’s US employment report was, at first glance, the best in years. 300,000+ new jobs, rising wages, fewer people dropping out of the workforce, the whole package. Very hopeful. And also curious, since the rest of the world seems to be moving in the other direction. Consider: British wor...
  • Gold Shorting Exhaustion
    By on December 6, 2014 | No Comments  Comments
    Gold’s been on an incredible roller-coaster ride over the past couple months, whipsawing like crazy.  And contrary to popular rationalizations, these swings had absolutely nothing to do with fundamentals.  Their sole driver has been American speculators’ extreme shorting of gold futures, which...
  • Instability, Here We Come
    By on December 3, 2014 | No Comments  Comments
    Last week saw the global financial system tip from delusion — where it had happily drifted for several years — into chaos. Consider the following more-or-less randomly chosen data points: French unemployment hits record high Italian unemployment hits record high Oil’s price falls by $10.36/bbl...
  • Guyana Gold
    By on December 3, 2014 | No Comments  Comments
    South America has been a major beneficiary of the 2000s gold bull, party to some big discoveries by the mining companies flocking there.  Some of these discoveries have already been developed, with top-three producers Peru, Brazil, and Chile for example seeing their collective gold output increase ...
  • GLD and Gold’s Selloff
    By on November 23, 2014 | No Comments  Comments
    Gold has suffered a rough couple of months, getting pounded below major support.  One driver was stock-market capital flowing out of gold again, as evidenced by renewed differential selling pressure seen in gold-ETF shares.  But this was minor compared to last year’s, despite extreme bearish sen...
  • Gold-Stock Apocalypse
    By on November 17, 2014 | No Comments  Comments
    This latest capitulation by gold-stock investors has left this hated sector at truly apocalyptic lows.  Bearish consensus is so extreme that pretty much everyone believes the gold miners are doomed to spiral lower forever.  But today’s horrendous gold-stock price levels aren’t righteous, they...
  • Did Gold and Silver Just Get Their Greenspan Put?
    By on November 11, 2014 | No Comments  Comments
    The world’s central banks and derivatives traders have been having their usual fun with gold and silver lately, dumping huge volumes of futures contracts into thin markets to produce massive declines — just when precious metals SHOULD have been soaring in response to near-global debt monetizatio...
  • A GREAT Model to Understand Gold’s Price Swings
    By on November 6, 2014 | No Comments  Comments
    What do the last three chairs of the U.S. Federal Reserve have in common? Well, it’s not their taste in structured black blazers. It’s the fact that they all see gold as a kind of Winston Churchill-like nesting doll — a riddle wrapped in a mystery inside an enigma. July 2013: Then ...

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