~TVR

~TVR

~TVR

From Jim Puplava and Financial Sense:
Rick Santelli: “A Day of Reckoning Is Coming on the National Debt”

Jim is pleased to welcome Rick Santelli from CNBC this week. Rick and Jim cover a number of key issues, including the exploding national debt, the mass mortgage refinance program (taxpayers will pay), and what drives today’s futures markets.

Much More @ FinancialSense.com 

I had the chance once again to speak with Peter Grandich yesterday, publisher of The Grandich Letter, and “Confessions of a Wall Street Whiz Kid.”

It was an exciting interview, as Peter understands the economy, gold, and the junior mining sector in a way that few other commentators do. The items we discussed were the DJIA continuing its move higher, gold breaking out technically, and the junior mining sector as being an incredibly cheap place to invest.

In regards the U.S. stock market, Peter said, “I work under the premise that there is a ‘don’t worry be happy’ crowd on wall street, and that the market is always tilted to the biased long side…the bulk of the financial institutions deal in stocks and bonds, and most times they always have a biased to be long…I like to joke that if you tossed one of them off the empire state building, all the way down they would say the same thing–’so far so good’...Most of the people that work in the financial service industry have a natural tendancy bias to be bullish, or to look at the cup half full rather than half empty.”

When asked about what he sees in the price of gold, Peter commented, “All that we had from December until recently [on the gold chart]is what I call the bullish descending wedge formation, that gold has broken out above. And when it breaks out like that, about 80% of the time you can calculate the move, and the move right now looks like it will get to a new high…I hate to sound like a broken record, but we had so much negative commentary in december, mainly from people who have been wrong for a lot of years—this is the mother of all gold bull markets. It’s amazing how well the fundamentals remain in tact, which is no central bank selling, [only] net buying, producers dont sell forward anymore…and the debasement of currencies”

With respect to the share prices of many junior mining shares, Peter said,“The junior market just got way oversold. We saw things come down to levels that their projects were just worth so much more than the current market cap…The problems that I’m hearing from the corporate side, is the concern on these companies now is that they’ll get taken out before they get to a valuation that’s really worthy.”

When asked about the complete disinterest in junior miners by investors, Peter added,“People finally threw in the towel on them, and that’s when they finally do [move higher].”

More @ bullmarketthinking.com

~TVR

by Richard Russell, FinancialSense.com:

The following is an excerpt from Richard Russell’s Dow Theory Letters

“We are witnessing the death of abundance for a long time.” — Bill Gross, PIMCO

The great GOP debate continues with Gingrich finally dropping behind the Mitt.

Meanwhile, the stock market is caught in the puzzle of will Europe emerge whole from its current troubles, or will the Eurozone fall apart like a deflating balloon? That plus the following question: Does the US face another four years of a socialist president who seeks to solve all problems by either taxing “the rich” or throwing trillions of man-made dollars at the screw-up in question?

The poor man in the street is facing questions and doubts. Will he be at the same job a year from now? And if he gets a pink slip will he be able to find another job?

If the year 2012 has a title, the title should be “uncertainty.”

Read More @ FinancialSense.com

by Peter Cooper, Arabian Money via GoldSeek:

The New Year rally in global stock markets saw the S&P gain four per cent in its best January since 1994. But 10 and 19 per cent gains respectively for gold and silver comfortably beat equities hands down.

Silver rose above $34 an ounce in Asian trading yesterday while gold is above $1,750 again. The bulls are talking about how long it takes to exceed the $48 and $1,923 highs set last year.

Dubai Souk
The talk of the Dubai Old Gold Souk is that silver will hit $58-60 an ounce by September (click here), though it is still hard to find anybody prepared to stick their neck out beyond $2,000 an ounce for gold, albeit possibly within a couple of months.

Read More @ GoldSeek.com

Comment from Jeff Nichols suggests that Chinese gold production and consumption may be considerably higher than the statistics released by the country would indicate.

by Lawrence Williams, MineWeb.com:

LONDON – Following the recent Mineweb article on Chinese gold production and consumption (see China enhances position as world No. 1 gold producer – but where’s it all going?) we have received the following comment s from specialist precious metals analyst, Jeff Nichols of American Precious Metals Advisors and Rosland Capital, which suggests that both Chinese gold production and consumption may be considerably higher than that suggested by official and semi-official statistics coming out of the Asian giant.

Nichols avers that China’s domestic gold mine output is, without a doubt, much higher than reported. Actual gold mine output could easily be close to 400 tons and possibly more for the following reasons:

Read More @ MineWeb.com

Fox directed the award-winning film, “Gasland,” which documents the impact of fracking to communities across the United States, and is now working on a sequel. Fox says he was arrested after Republicans refused to allow him to film because he did not have the proper credentials. “We wanted to report on what happened [at the hearing]. I was not interested in disrupting. It was not a protest action,” says Fox. “I was simply trying to do my job as a journalist and go in there and show to the American people what was transpiring in that hearing, so that down the line — as we know there will be a lot of challenges mounted to that [Pavillion, Wyoming] EPA report, and frankly to the people in Pavillion who have been sticking up for themselves and demanding an investigation into the groundwater contamination — to make sure that people could view that in a larger forum than usually happens.”

~TVR

from TheHealthRanger:

~TVR

from hubertmoolman:
The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (pieces of paper or tokens) showing that they have these real assets, whereas, in reality, if everyone was to claim the real goods, there would not be enough to go around. Read the rest HERE.

Got Physical ?

~TVR

Chris and I explore the 1/10th ounce silver payment for a hard day’s labor which was the historical norm for centuries. And how that fractional payment will actually hold true in the future for millions of Americans once silver reaches its real all-time inflation adjusted high of $500 per ounce. David Morgan also joins us to explore the very real possibility of hyperinflation in the United States by the year 2014. So buckle up, this is a good one.

~TVR

from wepollock:

Technology Narcissism and Organizational Grandiosity are both movements of denial of what resides in the future paradigm. The hallmarks are denial the inability to tell the truth to ourselves are unfortunate symptoms of our times. We have a highly integrated economy with most of our activity reliant on cheap energy availability and inputs. The public has been bombarded by propaganda aimed at the voting public but biased to vested interests trying strenuously to loot and gather other peoples money for speculation. We are entering a period where we are going to have investment capital scarcities. Investment capital will be very scarce. Its going to become impossible to develop a technological solution set. Risk in our society has been wrongly priced.. I talk about oil being the collateral of the reserve currency which requires sea empire. We just don’t want to know. There is a physical world and the monetary constructs are just a construct and esoteric layer. Complex systems we depend upon will break in the future and we see that process underway. Under these stresses all our systems are destabilizing at the same time with the money and banking system proving to be the most fragile complex system because its the most abstract. The Long Emergency and the Witches of Hebron talk about a world without a steady energy input. With MF Global we have a physical world effect due to monetary breakdown. I talk about the North Korean failed idea or Juche “Self Reliance in Depravation,” comprehensive anticipatory design science and ephemeralization, or breakdown crisis. We debate the idea of technological advantage and disadvantage. What is a job? What is necessary for life support? How many people (and workers) are needed today? Will we see a great reset (the long emergency) which will kill off lots of people as we migrate into a low functioning society in the Witches of Hebron? There will be a great deal of human attrition with the Soviet Collapse being illustrative of the process. We talk about the reduction of population in Russia (and reduced life expectancy) as background noise in life. Disease starvation and a slow death will take the population down. Perhaps Dmitry Orlov is correct regarding the process of society collapse. James suggests that we will not see policy or protocol to correct the condition of earth being over its life-support capacity.

~TVR

WHAT ABOUT SILVER?

I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct. As I own some silver bullion and a number of silver mining shares, the question caused me to pause and take a closer look at silver.

The reason why I have written very little about silver in the past was because the beautiful Elliott Wave (EW) symmetry and predictable relationships visible in gold were not to be found in silver. I first wrote about silver in December 2003 in an article titled “US Dollar Implosion – Part II”. The link to this article is at: http://www.gold-eagle.com/editorials_03/field120503.html. The brief piece on silver was tacked onto the end of that article. In view of its brevity, the 2003 silver piece is reproduced in full below:

Read More @ GoldSwitzerland.com

from ZeroHedge:

While sounding just a tad preachy in his February newsletter, Bill Gross’ latest summary piece on the economy, on the Fed’s forray into infinite ZIRP, into maturity transformation, and the lack thereof, on the Fed’s massive blunder in treating the liquidity trap, but most importantly on what the transition from a levering to delevering global economy means, is a must read. First: on the fatal flaw in the Fed’s plan: “when rational or irrational fear persuades an investor to be more concerned about the return of her money than on her money then liquidity can be trapped in a mattress, a bank account or a five basis point Treasury bill. But that commonsensical observation is well known to Fed policymakers, economic historians and certainly citizens on Main Street.” And secondly, here is why the party is over: “Where does credit go when it dies? It goes back to where it came from. It delevers, it slows and inhibits economic growth, and it turns economic theory upside down, ultimately challenging the wisdom of policymakers. We’ll all be making this up as we go along for what may seem like an eternity. A 30-50 year virtuous cycle of credit expansion which has produced outsize paranormal returns for financial assets – bonds, stocks, real estate and commodities alike – is now delevering because of excessive “risk” and the “price” of money at the zero-bound. We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.” Yet most troubling is that even Gross, a long-time member of the status quo, now sees what has been obvious only to fringe blogs for years: “Recent central bank behavior, including that of the U.S. Fed, provides assurances that short and intermediate yields will not change, and therefore bond prices are not likely threatened on the downside. Still, zero-bound money may kill as opposed to create credit. Developed economies where these low yields reside may suffer accordingly. It may as well, induce inflationary distortions that give a rise to commodities and gold as store of value alternatives when there is little value left in paper.” Let that sink in for a second, and let it further sink in what happens when $1.3 trillion Pimco decides to open a gold fund. Physical preferably…

Read More @ ZeroHedge.com

~TVR

From GoldSeek Radio:

About Gold Seek Radio:
The 2 hour Goldseek.com Radio show is the brainchild of Chris Waltzek & Peter Spina, President of Goldseek.com, the world’s leading precious metals network. Goldseek.com Radio was a contender for the prestigious, 2009 Peabody Award for internet radio.

More interviews @ radio.goldseek.com

~TVR

From McAlvany Weekly Commentary:

A Look at This Week’s Show:

• China the Dubai of 2012
• Decoupling Denied
• Far Eastern Buying of Gold Trumps the West

About the Guest: Dohmen Capital Research Institute Inc. was founded in 1977 by Bert Dohmen as an economic and investment research firm. Over the past two decades, the firm’s services have achieved the highest acclaim. They are the most highly respected and sought-after advisory services for investors world-wide. The firm currently offers 10 services. These include a long-term advisory service for the mutual fund investor, which helps investors avoid the need for a money manager or financial planner.

Much more @ McAlvanyWeeklyCommentary

Listen to:
David Morgan – Silver update.
Danielle Park – Fund manager changes direction.
Warren Pollock – Real State of the Union.

~TVR

From Money Masters:

~TVR

Got Physical ?

~TVR

~TVR

From GoldSeek Radio:

About Gold Seek Radio:
The 2 hour Goldseek.com Radio show is the brainchild of Chris Waltzek & Peter Spina, President of Goldseek.com, the world’s leading precious metals network. Goldseek.com Radio was a contender for the prestigious, 2009 Peabody Award for internet radio.

More interviews @ radio.goldseek.com

~TVR

from ZeroHedge:

Gold outperformed (+0.5%) today (as the rest of its commodity peers lost ground on USD strength today) and Copper and Silver underperformed. But for January, Silver is the clear winner in the global asset return race (at almost a 20% gain) with Gold in 2nd place at around +11.2%. JGBs and the DXY (USD) along with UK Gilts and Oil lost the most ground among the major assets we track. The outperformance of the precious metals as the dollar ebbed along with the general ‘last year’s losers were January’s winners’ and vice-versa was evident as Asia Ex-Japan and EM equities surged along with Nasdaq (and Copper). Long-dated Treasuries have just limped into the money for the year as they rallied dramatically today – ending the day at their low yields (new record 5Y lows) with 30Y now -12bps on the week. FX markets gave a little of the USD strength back in the afternoon but the rally in stocks was almost entirely unsupported by risk assets in general (as it seemed like a desperate low-volume try to push ES back to VWAP into the close to hold the 50/200DMA golden cross in SPX) after this morning’s dismal macro data. Financials rallied to fill some Friday close gaps but gave some back into the close as CDS inched wider and Energy underperformed as Oil came almost 3% off its early morning highs (managing to crawl back above $98 by the close). IG credit outperformed as HY and stocks were largely in sync but open to close, credit outperformed stocks on a beta basis (after overnight exuberance in stock futures faded).

Read More @ ZeroHedge.com

~TVR

Record industrial demand for silver and resurging investor interest is diminishing a supply surplus, driving the metal used in everything from solar panels to batteries into its best start to a year in almost three decades.

Manufacturers will use 15,415 metric tons, 2.5 percent more than in 2011 and reducing the glut by 41 percent to 3,297 tons, Barclays Capital estimates. Investors may buy 2,000 tons through exchange-traded products, after selling 1,300 tons last year, Morgan Stanley predicts. Prices will average $37.50 an ounce in the fourth quarter, 13 percent more than now, the median estimate in a Bloomberg survey of 13 analysts shows.

The metal rallied 22 percent since closing at an 11-month low in December, entering a bull market on mounting confidence that another global recession will be avoided even as the World Bank and International Monetary Fund cut their growth forecasts. Prices had plunged 44 percent in eight months, making it the most volatile of any metal tracked by Bloomberg, as expansion slowed from Europe to China, crimping demand for commodities.

Read More @ Bloomberg.com