LONDON (MarketWatch) — Gold has absorbed its fair share of the commodities-market blows in recent years, but now is the time to move back into the precious metal, according to superbear Marc Faber. ‘[T]he only way to short [central banks] is to go long gold, silver and platinum. ... That’s something I will do.’ - Marc Faber “I’m positive [that] gold will go up substantially [in[...]
Tag: PMC Ounce
Gold And Silver Markets Now Set For Spectacular Surge
With gold trading near $1,240 and silver above $17, it now appears both of these markets are setting up for massive moves to the upside. Included in the piece below is a key illustration as well as an important first target for the upside advance in the price of gold. Below is top Citi analyst Tom Fitzpatrick's key chart showing the breakout in gold along with his commentary which includes an[...]
Enormous Bullish Gold Bet Was Just Made With Call Options
By Brian Spurlock Someone with a big pocket, for sure a professional, made a huge Gold bullish option bet during the last trading session. The trader purchased 40,000 Mar 2015 GLD or SPDR Gold Trust (ETF) (NYSEARCA:GLD) gold call options. The strike of the call options was $120, which is not very far from the current price of about $117, so the premium paid was huge. Still due to the limited[...]
Very Strong Reasons For Buying Precious Metals…NOW
By Michael Noonan Got gold? Got silver? If not, you may not survive very well under the current and future regime[s] established in this country. Does price matter? Sure, everyone wants to buy reasonably near the lows, and there are many of us who paid substantially higher prices than currently exist. However, if there is no intent to sell but only hold as a form of wealth protection and/or a[...]
The Market Gage – Crude Lower This Morning & Gold as a Deflation Hedge
January 12, 2015 “The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Following Friday’s strong close, our market resumed trading yesterday with a probe higher, but volume was light with the highs of $1,231.30 gold and $16.69 silver being short lived. In early U.S. trading, all [...]
Ditching the Dollar – Natural Act for a Dying Empire
By Jeff Thomas One of the symptoms of a declining empire is that it becomes less and less productive and therefore less relevant to other countries. Any empire, whilst in its prime, will have a strong currency. As its productive relevance declines, so will its currency. Invariably, its leaders attempt to keep the currency strong, in spite of the decline in national relevance. Rather than[...]
US Stocks Most Overvalued Relative To Rest Of The World In History
Today's chart of the day comes courtesy of Reuters Jamie McGeever, and it shows that based on a BofA analysis, US stocks have never in history been more expensive relative to the rest of the world, surpassing both the dot com bubble and the housing bubble. Add this to what we wrote over the weekend in "A Permabull Throws In The Towel: "Stocks Are Massively Overvalued", Key Multiples Are[...]
Oil above $100? Never again, says Saudi Prince Alwaleed
Maintaining production is ‘prudent, smart and shrewd’ By William Watts NEW YORK (MarketWatch) — A well-known Saudi prince is making a big call on oil, saying that the $100-a-barrel threshold will never be topped again. “If supply stays where it is, and demand remains weak, you better believe [the price of oil] is gonna go down more. But if some supply is taken off the market, and[...]
Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Americans Not In Labor Force
Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in[...]
2015 – Year Of Catastrophic Bank Collapses, QE On A Grand Scale & Skyrocketing Gold
Today one of the greats in the business warned King World News that 2015 will be a year of catastrophic bank collapses, QE on a grand scale, and skyrocketing gold. He also said that the big money is now dumping their stocks ahead of the coming madness. Greyerz: “Eric, we live in a crazy world and it will only get worse. Sadly, events in France remind us of that. There will not[...]