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Wednesday
Apr162014

Gold, Silver And The Mining Sector: Prepare For A Severe Fall

Background

This is a distressing time for gold and silver bulls like me who are constantly on the lookout for a turnaround in the precious metals sector. I’m confident that it will come but not just yet, as a final capitulation has not taken place. On 18th November we wrote the following:

This sector is to some extent in the hands of Janet Yellen and The Federal Reserve. If the economy takes a turn for the worse and she behaves as dovishly as she is portrayed then we could see an increase in QE. However, if the employment figures continue to show slow but steady progress, then there will be no increase in QE and then the outlook for these metals will look less attractive. Should tapering be introduced the US dollar will appreciate and gold, having an inverse relationship with the dollar will suffer. 

The Fed appear to be satisfied that the economy is making steady, if slow progress and is on the road to recovery

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Monday
Apr142014

Gold's Gory Crash, One Year On

A YEAR AGO this Friday, writes Adrian Ash at BullionVault, a leaked IMF-EU paper told Cyprus to sell a chunk of its tiny gold reserves.
 
It never did. No Eurozone central bank has sold gold since France quit in 2009. But already advised that week to sell short by Goldman Sachs, the market took fright. 

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Monday
Apr142014

Goldman Stands by $1,050 Gold Target on Outlook for Recovery

Gold will resume a decline as U.S. economic growth accelerates, according to Goldman Sachs Group Inc., which reiterated a forecast for the metal to end the year at $1,050 an ounce.

Bullion’s rally this year was spurred by poor U.S. data probably linked to the weather and rising tension in Ukraine, analysts led byJeffrey Currie wrote in a report, describing the reasons as transient.

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Sunday
Apr132014

The situation in the Ukraine is deteriorating by the hour


The situation in the Ukraine is deteriorating as the UN Security Council emergency meeting, convened at Russia's request, appears to have achieved very little.

Protestors have stormed and occupied various public buildings adding to the tension in this region and putting the current government on a collision course with them as their stated intention is to restore law and order and protect the citizens from such activities.

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Sunday
Apr132014

Wealth of a Nation

Posted on April 13, 2014 by 

 

QUESTION: You recently said that the wealth of a nation is not its gold. How can you justify that?

B

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Thursday
Apr102014

Final Bubble Phase for the Stock Market: Final Capitulation for Gold

After two hard days down in the stock market I'm going to take a contrary position and say that this is just a normal profit taking event and that stocks are going to recover and head back up to new highs. I still think this market needs to have a final blow off bubble phase before the bull can die. The final bubble phase for stocks should usher in the final capitulation stage of gold’s 2 1/2 year bear market. For those like SMT subscribers that are sitting in cash, this final capitulation is going to represent one of the greatest buying opportunities of this generation.

First off let's take a look at the stock market:

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Wednesday
Apr022014

UPDATE 3-Osisko strikes deal with Yamana to stymie Goldcorp bid

(Reuters) - Osisko Mining Corp said on Wednesday that Yamana Gold Inc would buy a 50 percent stake in its mining and exploration assets for C$930 million ($843 million), a deal that potentially thwarts a hostile bid from Goldcorp Inc.

The deal would give Latin America-focused Yamana its first major asset in Canada and make the Toronto-based miner an equal partner in the Osisko properties.

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Wednesday
Apr022014

DEUTSCHE BANK - Gold Price Slipping "as Physical Tightness Fading", Says Deutsche

Physical gold price in Shanghai at discount to London, GOFO rising...
 
GOLD PRICE gains of 7% in the first quarter are likely to be reversed, reckons a note from Deutsche Bank's commodities team, because physical "tightness" in the market is receding.
 
"We view it as only a matter of time before gold re-tests the [US Dollar] lows hit in December last year,"

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Wednesday
Apr022014

Don’t Keep Your Gold and Silver in the US, Says Marc Faber

Don’t Keep Your Gold and Silver in the US, Says Marc Faber

By

Gloom Boom & Doom Report publisher Marc Faber discusses the fragile state of the US and global financial systems… how rising inflation will affect the average American… how soon the bubble will burst… and why gold and silver will triumph.

Here are a few highlights:

“The US is a country that likes to create trouble, but they don’t like to clean up things.”

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Tuesday
Apr012014

Gold Turning Down

In the mail box this morning we have this post from Martin Armstrong that may be of interest to you.

Posted on April 1, 2014 by 


I have stated NUMEROUS times that gold is neither the hedge against inflation nor does it rise all alone during hyperinflation when everything rises. The difference between gold and other investments such as real estate and stocks lies in its MOVABILITY.

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