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Friday
Dec062013

Does the FDA Think You’re Stupid?

Does the FDA Think You’re Stupid?

By Chris Wood, Senior Analyst

Does the FDA think you're too stupid to have access to your own genetic information?

It sure seems so.

The Food and Drug Administration, which bills itself as "the oldest comprehensive consumer protection agency in the US federal government," probably stirs up more emotion among citizens than any other federal agency (save perhaps for the IRS). For good reason. The range of activities into which the FDA is "mandated" to poke its supervisory fingers is vast and includes most prominently the regulation of most types of foods, dietary supplements, medical devices, human and veterinary drugs, vaccines and other biological products, and cosmetics.

And this time it's really gone too far

Click to read more ...

Thursday
Dec052013

Lassonde: This Can Radically Change The Gold Price Overnight

On the heels of some wild trading in the gold and silver markets, today legendary Pierre Lassonde warned King World News about a “seminal event” that can radically change the gold price “overnight.”  Lassonde also told KWN what to expect in the gold market going forward, as well as the mining shares.  Lassonde is arguably the greatest company builder in the history of the mining sector.  He is past President of Newmont Mining, past Chairman of the World Gold Council and current Chairman of Franco Nevada

Click to read more ...

Wednesday
Dec042013

The Eastern Lust for Gold

 

Peter Schiff

Having replaced savings with debt on both the national and individual levels, I think it's well past time for Westerners to take a few lessons from our creditors in the East. Many Americans consider gold a "barbarous relic," but in Asia, the yellow metal remains the bedrock of individual savings plans. This means that either greater than half of the world's population are barbarians, or they've held onto an important tradition that our culture has forgotten

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Wednesday
Dec042013

SK OptionsTrading Makes 43.20% in 14 Days by Shorting the Gold Miners

During the latter part of the gold bull market mining stocks failed to keep pace with the yellow metal and have underperformed ever since. Given the bear market that gold is now in, it was clear to us that the mining sector would take a beating. In line with this view we have been making profitable short trades throughout the year on the poor performing sector, and have closed two more this week.

On November 19th we issued a signal to our subscribers, recommending that they buy DUST, an ETF that is triple short the gold mining sector, at $34.45. Once gold broke through $1260, we doubled our position as we allocated another 5% of our portfolio to the trade at $41.60. This meant 30% of our portfolio was allocated to this 3x leveraged ETF.

As the above shows, we did not experience a day when this trade was in anyway losing.

Click to read more ...

Tuesday
Dec032013

Gold Price Manipulation And The Dog Track

Background

What follows is a light ‘take’ on the current situation in the gold and silver space.

Many of our readers refer to the manipulation of the gold price for the reason that gold isn’t trading a lot higher than it is today. If you believe that the price of gold is manipulated by the ‘powers that be’ in order to drive prices lower then let’s indulge our imaginations by way of a visit to the dog track

Click to read more ...

Monday
Dec022013

Gold Drops Below Cash Cost, Approaches Marginal Production Costs

As we showed back in April, the marginal cost of production of gold (90% percentile) in 2013 was estimated at between $1250 and $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost

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Monday
Dec022013

This Too Shall Pass

This Too Shall Pass

By Hard Assets Alliance Team

By Jeff Clark, Editor of BIG GOLD

Gold is down nearly 25% year to date, and down nearly 35% since its September 5, 2011 high of $1,921. The downtrend has now exceeded two years.

Hardly sounds like an asset in which you'd want to invest.

But the core reasons for holding gold haven't changed. How, exactly, do the G7 countries escape their morbidly obese levels of debt without causing serious repercussions? Can you really print money at never-before-seen levels and have no negative consequences? Interest rates may rise, what would normally detract some investors from gold, but what if inflation rises faster?

On a fundamental basis,

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Friday
Nov292013

EU referendum bill passes through Commons

A bill which will allow a referendum to be held on the UK’s membership of the EU has passed through the House of Commons.

 

The European Union (Referendum) Bill, sponsored by MP James Wharton, will now move to the House of Lords for consideration next year

Click to read more ...

Thursday
Nov282013

Ron Paul vs Paul Krugman: Who Is The True Prophet, Who Is The False?

Gold Silver Worlds | November 29, 2013 |

Isn’t it strange? We are living in the 21st century, a period of time in which people buy land on the moon, humanity has dozens of satellites providing GPS services and real time traffic information, internet brings people and information as close as one click, science and technology are making historic break throughs … but economists cannot agree on the real cause of the latest financial crash (2008).

Generally speaking, there are two schools of thoughts

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Wednesday
Nov272013

The HUI Has Penetrated Its June Lows, Gold and Silver To Follow

Background

The June low for the gold mining sector was believed to the bottom for gold miners and as such presented a buying opportunity for the precious metals community. At the time we greeted this event with some trepidation and described the capitulation as a capitulation of sorts, but not a final one.

In any bull market we have to climb the wall of worry and gold and silver did exactly that in the first phase of this bull market as many objectors denounced its progress. This wall of worry will always be with us as gold clings on in the hope that there is a U-turn coming and the bull returns with a vengeance.

Click to read more ...