Archive for June, 2012

Gryphon Gold Announces Financial Results for 2012 Fiscal Year – MarketWatch (press release)

Gryphon Gold Announces Financial Results for 2012 Fiscal Year
MarketWatch (press release)
Required investments for increasing production capacity and future production potential includes a new leach pad, additional reclamation bonding, mining equipment, a larger crusher and a drilling program. The Company estimates it will invest

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Friday, June 29th, 2012 Invest, News, Wealth Comments Off on Gryphon Gold Announces Financial Results for 2012 Fiscal Year – MarketWatch (press release)

Dallas Gold & Silver Exchange Opens Seventh DFW Location In Allen, Texas – TheStreet.com (press release)

Dallas Gold & Silver Exchange Opens Seventh DFW Location In Allen, Texas
TheStreet.com (press release)
Like the Southlake and all other Dallas Gold & Silver Exchange locations, the Allen store will feature full-service bullion trading and investment services as well as purchasing and selling fine jewelry, rare coins, scrap gold, silver, diamonds, fine

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Friday, June 29th, 2012 Invest, News, Wealth Comments Off on Dallas Gold & Silver Exchange Opens Seventh DFW Location In Allen, Texas – TheStreet.com (press release)

How To Avoid Investing Too Conservatively – San Francisco Chronicle

How To Avoid Investing Too Conservatively
San Francisco Chronicle
Many current and former homeowners may still be recovering from the housing crisis, and there's no guarantee that the market is now in recovery or will recover in the near future. Gold in its physical form is better than gold ETFs or other stock market

Friday, June 29th, 2012 Invest, News, Wealth Comments Off on How To Avoid Investing Too Conservatively – San Francisco Chronicle

Gold Bullion Coin – 1 Tonne Australian Kangaroo – Enters Guinness Book of … – Gold Seek


CoinWeek (blog)
Gold Bullion Coin – 1 Tonne Australian Kangaroo – Enters Guinness Book of
Gold Seek
Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!
Is Gold on the Edge of a Violent Downturn?CNBC.com
2012 Australian One Ton Gold Kangaroo Named Largest, Most Valuable Coin in CoinWeek (blog)
2012-W $50 Uncirculated American Gold Eagle Coin ReleasedCoinNews.net
Coin Update News –NumisMaster.com
all 14 news articles »
Friday, June 29th, 2012 Invest, News, Wealth Comments Off on Gold Bullion Coin – 1 Tonne Australian Kangaroo – Enters Guinness Book of … – Gold Seek

Gold Traders Extend Bullish Streak as Debt Crisis Deepens – Bloomberg

Gold Traders Extend Bullish Streak as Debt Crisis Deepens
Bloomberg
Gold fell to within 1 percentage point of a bear market in May as investors favored the dollar and some sold bullion to cover losses in stock markets as $7 trillion was wiped off the value of global equities in about two months. “While demand has been

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Friday, June 29th, 2012 Invest, News, Wealth Comments Off on Gold Traders Extend Bullish Streak as Debt Crisis Deepens – Bloomberg

Gold Bullion Coin – 1 Tonne Australian Kangaroo – Enters Guinness Book of … – Forexrazor

Gold Bullion Coin – 1 Tonne Australian Kangaroo – Enters Guinness Book of
Forexrazor
Today's AM fix was USD 1567.75, EUR 1261.47, and GBP 1008.98 per ounce. Yesterday's AM fix was… For more information, read our latest forex ne…

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Friday, June 29th, 2012 Invest, News, Wealth Comments Off on Gold Bullion Coin – 1 Tonne Australian Kangaroo – Enters Guinness Book of … – Forexrazor

Dallas Gold & Silver Exchange Opens Seventh DFW Location in Allen, Texas – MarketWatch (press release)

Dallas Gold & Silver Exchange Opens Seventh DFW Location in Allen, Texas
MarketWatch (press release)
Like the Southlake and all other Dallas Gold & Silver Exchange locations, the Allen store will feature full-service bullion trading and investment services as well as purchasing and selling fine jewelry, rare coins, scrap gold, silver, diamonds, fine

and more »

Friday, June 29th, 2012 Invest, News, Wealth Comments Off on Dallas Gold & Silver Exchange Opens Seventh DFW Location in Allen, Texas – MarketWatch (press release)

PRECIOUS-Gold down over 1 pct on US healthcare ruling, Europe – Reuters


Financial Times
PRECIOUS-Gold down over 1 pct on US healthcare ruling, Europe
Reuters
Weak rupees have pressured bullion demand from India, the world's largest consumer of the precious metal. Japan's exports of gold plunged to a 15-month low in May to 2.79 tonnes, down 67 percent from a year ago. Among other precious metals, silver was
Gold down over 1 percent on US healthcare ruling, EuropeCNBC.com
BULLION MORNING – Gold still rangebound as EU summit kicks off, platinum Fastmarkets
Banks expect gold, silver bullion to drop then rise to new highsExaminer.com
Sydney Morning Herald
all 435 news articles »
Friday, June 29th, 2012 Invest, News, Wealth Comments Off on PRECIOUS-Gold down over 1 pct on US healthcare ruling, Europe – Reuters

Look For Rebound After Summer In Gold and Silver


We have climbed the wall of worry for over twenty years as wealth in the ground becomes increasingly desirable in a world that is threatened with the ghosts of depressions past.  We observe the doubters who regale us with such headlines as “The Fed’s Big Move Is No Solution” or a noted economist writes that he senses the tone of urgency of Fed Governor Janet Yellen’s remarks that “the scope remains to provide additional accommodation.”  Yellen’s comments are really repetitions of her boss The Fed Chairman Ben Bernanke.

The world is navigating very troubled waters.  For over four years the top Central Banks orchestrated by the Federal Reserve Chief injected a flood of trillions of dollars into an ailing financial system.  The result has been extremely volatile upswings as QE1 and QE2 were introduced and gut wrenching declines after QE2 expired.  The Venture Exchange has been in a decline since the middle of 2011, while banks have been propped up by an accommodative Fed.  This is what they call an economic recovery?

Gold and silver are building bases, while mining equities are reflecting valuations priced in for a pandemic meltdown.  The banks and large resource companies are sitting on cash and treasuries as the media ushers the investment herd from Euros to Dollars.  We can look from old posts from 2009 where  the opposite occurred and Europe appeared stronger than the United States.  The reality is that the main problem is not European Debt, but U.S. debt.   A rising trend in value of the U.S. dollar and long term treasuries has been extremely deflationary, but will not last forever.  Eventually, the U.S. must devalue the dollar in order to pay off soaring debts.  Obamacare is another example of policies which could severely increase our national debt and cause us to possibly default like Greece.

Precious metals, uranium and rare earths appear to be testing key support levels, which should hold.  We are forecasting a reversal of the 2011 downtrend in the second half of 2012-2013.   We expect China to continue to squeeze the West and a renewed interest from investors and end users to participate in the rare earth sector which will once again hit the mainstream.

Rio Tinto outbidding Cameco for Hathor indicates the bargain basement prices many of Hathor’s uranium peers are currently being valued.  We expect continued excitement in the vital nuclear sector worldwide.

We may see continued lateral movement due to us being in the summer doldrums before the markets challenge and breaks through old highs.   We are also witnessing support levels still holding indicating that despite all the doom and gloom the markets are improving.  Listen to what the markets are telling us, not what the media is reporting.

Now we hear the voices of the Cassandra’s and the prophets of doom as they inform us that a rally in precious metals and miners is devoid of lasting power.  We disagree.   The mining sectors and natural resources are in a period of rest now preparing for a new launch as investors realize that the U.S. dollar is far from a safe haven.  The underlying quandary in still in need of repair.  For now we are in the quiet summer doldrums.  The economic cancer continues to metastasize albeit out of sight and out of mind.  Come this Fall and Winter our sectors in precious metals, uranium, rare earths and graphite should shine as wealth in the earth is realized as a true hedge against hyper-inflation which is preceded by this current deflation.  Remember that during the 1920’s the U.S. dollar rose against other currencies.  After the crash, the dollar still maintained its value as investors who were on margin had to raise cash.  After all of the de-leveraging was finished and the herd entered the dollar, FDR devalued the U.S. dollar and raised the gold price from $20 an ounce to $35 practically overnight. All private ownership of gold became illegal.  This history lesson teaches that rallies in the dollar during deflations are often followed by gut wrenching hyper-inflationary environments.

Silver is testing 2011 lows and is extremely oversold with an RSI reading below 30.  We believe silver could rebound off of these extreme oversold levels and possibly break resistance to the upside.

Rising precious metals markets love climbing walls of worry which are in this case spreading malignantly.  We do not enjoy being a harbinger of sad tidings.  However, the Fed and its European acolytes have failed to address the real issue of the malaise in which the world finds itself.  Specifically, the cancer consists of too much reckless spending and dependance on governments whom one suspects doesn’t really know what is going on.  Watch gold and silver as it finds support at key levels.

The elites of the west possess all they need for the wives, children and grandchildren to live in splendor.  They are trying to solve fiscal malignancies with financial dollars.  Our leaders are addressing the debt problem with financial band-aids.  This is a perilous Keynesian experiment, which has long ago been disproven, but which arises every time capitalism reaches for a solution and comes up with the old pump-priming.

Over a century ago another failed economist wrote that a specter is haunting the Western World.  In some respects, the French have a saying that, “the more things change, the more they remain the same”.

Who could’ve dreamt that in 2011, we would see demonstrations in the Tahir Squares of the World that would result in Egypt coming under the control of the Islamists.  Perhaps the past is prologue and we are destined to witness the same old scenes of revolt in other countries as well.  The masses are not stupid.  Everyone has a smart phone with plenty of rare earths, lithium and graphite in it.  They all want the good things of life for their families.

In any event, we are reaching a societal point of no return where entitlements such as Obamacare can no longer be afforded.  They think we can make everything right by monetizing the debt which is only months away possibly after the election.

In conclusion, what does all this mean?  As time goes by the only true repositories of wealth exists in the natural resource area as it has since the days of Athens and Rome.  Oddly enough after millennia we have come full circle, the same countries are going broke.  History may not repeat, but it recurs and mimics.  Be careful of the coming debasement of the dollar and hold on to your precious metals and wealth in the earth.

 By Jeb Handwerger

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Friday, June 29th, 2012 Invest, News, Trade Comments Off on Look For Rebound After Summer In Gold and Silver

Follow the Majors to Find Investment Prospects: Brent Cook – Gold Seek

Follow the Majors to Find Investment Prospects: Brent Cook
Gold Seek
Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most

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Thursday, June 28th, 2012 Invest, News, Wealth Comments Off on Follow the Majors to Find Investment Prospects: Brent Cook – Gold Seek

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