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252 Comments

    • Sat Nov 22nd 00:28 AM | Rating: 0 0
      Commented on:
      What Would Lou Do?
      I recall Louis Ruckeyser saying that at the time. I always enjoyed him. He was funny and unique and I loved the show.

      No one beat the Street this time around--not even Warren Buffet. Everyone got slapped about real good. Go gold, go silver, and for goodness sake, go platinum.
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    • Fri Nov 21st 16:25 PM | Rating: 0 0
      Commented on:
      Five Questions on Gold for the House Banking Committee
      Why is it always food versus gold? We need both. I have some extra, stored food but I like fresh food. As long as I can buy some with my currency of whatever form, why won't I? What about a person with a few million dollars? Should she put all that into food? No. Why won't she put some of her money into gold and silver?
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    • Fri Nov 21st 15:35 PM | Rating: 0 0
      Commented on:
      Retail ETF Investors Help Power Gold Demand
      GLD up about 7 percent today. By Kitco calculations, spot gold is down under 1 percent for the last 52 weeks. Not bad for a barbaric relic.
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    • Fri Nov 21st 11:56 AM | Rating: 0 0
      Commented on:
      How Low Can Mining Stocks Go? (Part II)
      As infrastructure becomes the emphasis going forward, base metals will be needed to build. Traders haven't understood the fundamentals in commodities. We're still in undersupply, not oversupply, even with worldwide cutbacks in various types of production and economic activity. Unless we are all going to die at once, we will need things that are made from mining and farming efforts.
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    • Fri Nov 21st 11:41 AM | Rating: 0 0
      Commented on:
      Modest Inventory Declines at SLV
      Hurry on into silver in some form. We don't have much downside, but the upside will be a real treat. I'm long SLV and hold physical silver and stocks. The push is on to get the COMEX to reflect some reality. If that doesn't happen, the COMEX will lose its long side traders who will trade from a different bourse.

      The U.S. had a stake in being honest, but refused to fairly enforce regulation. Too bad for this country because people don't like to play with bullies and liars.
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    • Fri Nov 21st 11:30 AM | Rating: +2 0
      Commented on:
      Five Questions on Gold for the House Banking Committee
      Ron Paul knew he wouldn't receive a straight answer, and he didn't. You can watch the exchange on YouTube. I admire Dr. Paul for even trying.

      Gold bugs are a hoot, but look at gold going up today and watch it save its holders during the coming hyperinflation. However you view gold--as an asset class, as currency, as a mere metal--whatever--it's going up.

      As for increasing gold supply, yes, somewhat, but not as rapidly as the population increases. Year over year the production of gold is down, as against an increasing population. Also we have increases in gold uptake worldwide. Further, you need to have enough of something for it to be a valid currency. Gold meets a lot of parameters for a valid currency--you'll find a list somewhere out there in cyberland. Who doesn't like gold when they see it in any form?

      At some point gold will stabilize and become just another asset class. Right now, it's the place to be with everything else going to hell in a handbasket. (They lowered Chinese workers in a handbasket into a pit to set off dynamite charges in building railroads in the Old West.)
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    • Thu Nov 20th 17:04 PM | Rating: 0 0
      Commented on:
      $3.5B Saudi Gold Deal Is Huge Compared with $6.5B Consumer Record
      news.goldseek.com/Inte...

      Cool article on moving gold trading from the Comex to Dubai.

      Odd day--gold up a pinch and silver down further. The market crashes and the dollar soars. It's all very Harry Potterishly bizarre.
      View article »
    • Tue Nov 18th 14:08 PM | Rating: +1 0
      Commented on:
      Why Gold Will Decline More than the Markets
      Gold has held up extremely well in this environment. True that the gold stocks are down, but gold per se is astounding in its strength. Ruff IS a very smart guy and Dines is quite a forward thinker.

      I was just listening to Jim Puplava talk about possible devaluation of the dollar and other currencies. When FDR devalued, he revalued gold higher.

      Yes, this has been a painful environment for the natural resources investor, but then I remind myself of the fundamentals and why I'm in this sector and I only wish I had more cash to pour into the same companies I already own (not to mention 100 ounce silver bars and such).
      View article »
    • Fri Nov 14th 12:37 PM | Rating: +1 0
      Commented on:
      Is Hyperinflation on the Horizon?
      The current price of oil is insane after the International Energy Agency issued its report on 9.1 percent annual depletion overall for the producing fields. Big duh.

      Inflation isn't just on the horizon, it's in the stores. Shop much for staples? Hyperinflation would be over 20 percent. I've seen a bit of that, too--not overall, of course, but on specific items rising from say $1 to $1.29. That's hyperinflation, but it's alongside stable prices and discounts. Still, with people out of work and spending less for services one might offer, it's a pretty big ouch.

      I definitely suggest hording the small consumer items you require--toothpaste, floss, water filters, and similar things you need. Also canned goods you might use--and rotate the food supplies so nothing goes bad over the years.

      I'm not saying it's the end of the world but these are pragmatic steps because the cost of living will inflate to a very great extent. To go back to oil... yes, it will soon be on the way up and everything depends on that as well as the money supply.
      View article »
    • Fri Nov 14th 12:26 PM | Rating: 0 0
      Commented on:
      Gold and Silver Are Not Proven Inflation Hedges
      The bottom line is that the author holds gold as a hedge.
      View article »
    • Fri Nov 14th 12:21 PM | Rating: 0 0
      Commented on:
      Gold Tests Its Reversal Level: Third Time's the Charm
      I'm weary, too, but looking at the fundamentals I can't see what else one could hold, aside from the precious metals and energy stocks. However, with infrastructure investments about to rise, I also look to the base metals.
      View article »
    • Tue Nov 11th 11:14 AM | Rating: 0 0
      Commented on:
      Moly Market in Disarray; Mercator Minerals Price Target Cut
      We need moly for infrastructure build, which means both China's stimulus package and our own coming one will stimulate the moly market. Base metals aren't dead by any means. Wait for the reinflation. Buy the stocks now at a terrific discount.

      Of course, most of us don't have cash. But I just bought 1,000 shares of Canadian Zinc this morning for about $200. The company is cash rich and is in the permitting process. Oh, by the way, it has a big silver component of its resource.
      View article »
    • Tue Nov 11th 11:07 AM | Rating: 0 0
      Commented on:
      U.S. Mint Makes Drastic Cuts to Its Collector Gold and Platinum Coin Offerings
      Silver rounds or eagles for survival. Of course you can't find those, either. But I do know someone who just bought gold bullion in small amounts in L.A. Krugerands and Swiss coins. Look how someone or something knocked down the spot prices today for bullion you can't find to buy. Hello December contract calls for delivery.
      View article »
    • Sun Nov 9th 23:55 PM | Rating: +1 0
      Commented on:
      Gold's Relative Appeal
      A lot of folks are saying the COMEX will either default on some December contracts or push up the price in covering to buy back the contracts. That will be fun. Also, the falling dollar will help the PMs.
      View article »
    • Fri Nov 7th 18:24 PM | Rating: 0 0
      Commented on:
      Silver - Better Than Gold, But Still a Commodity
      Yes, this is piffle! Come back when you know something, fella.
      View article »
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