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Moving into Bonds: From Frying Pan to Fire

09/02/2010

With the great bond stampede that began in 2009 continuing, giving rise to the very real possibility of a bond bubble, we decided to check the relationship between bond returns and bond fund inflows to see if there might be a correlation. Take a look at this chart...

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Mosseri and Loud: Hedge Your Bets

09/02/2010

Everyday New York-based investment gurus Jeff Mosseri and Doug Loud make key decisions for their high net-worth clients. Many of those decisions involve strategically positioning investors in small- and micro-cap gold and silver plays. In this exclusive interview with The Gold Report, you will learn some of the names of those plays and how they use Mosseri and Loud as hedges against a failing economy.

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Daily Pfennig 9/02/10: Waiting On The ECB...

09/02/2010

Currencies slip a bit overnight...U.S. Manufacturing is stronger?...Aussie Trade Surplus narrows...Riksbank hikes rates 25 BPS...

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Ron Paul's Gold Audit Story Goes National

09/02/2010

The gold price began to rise about 1:00 p.m. Hong Kong time during their Wednesday afternoon... perhaps in sympathy with the US$ which had begun to head south about four hours before that. The gold price continued to rise quietly right up until 8:40 a.m. Eastern time in New York.

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Oil’s Out - Find Out What’s In

09/01/2010

As far as the IEA is concerned, this is probably a very important moment to start looking at alternative energy sources. If we, as a collective group of consumers, continue on the business-as-usual path, the scenario for 2050 is looking grim. This baseline scenario sees carbon emissions rising by 130%, with power generation accounting for 44% of total global emissions in 2050. Oil demand will be up by 70% – that’s five times the oil production in Saudi Arabia today. I’ll leave you to imagine what this means from an energy security perspective.

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Peasgood Preaches Patience on Geothermals

09/01/2010

Wellington West Analyst Sean Peasgood covers the geothermal, plasma gasification and "Smart Grid" subsectors of the alternative energy (AE) market. He believes there's room to make some dough in each of them but believes investors may need to be patient as these growing markets gain traction.

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Did JPMorgan Cover More Short Positions Yesterday?

09/01/2010

Well, that little dip in the gold price in the wee hours of yesterday morning didn't amount to much... although it did set the low [around $1,231 spot] for the Tuesday trading session.

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Time to Go Global

08/31/2010

Here at Casey Research, we really don’t enjoy being a buzz-kill. It’s just that we think it’s more important for investors to be well informed about the reality in which we find ourselves today than it is to be happy-go-lucky all the time. The good news is that when the stuff hits the fan, as it has for going on two years now, it opens up a number of unexpected opportunities for profit. Even in the hairiest situations, there are ways to protect yourself.

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Roger Wiegand: Opportunity in Crisis

08/31/2010

Listening to Trader Tracks Editor Roger Wiegand talk about market conditions and precious metals is like listening to your favorite uncle tell stories at Thanksgiving. The difference is that Roger's stories are a lot more likely to make you money. In this exclusive interview with The Gold Report, Roger offers up a few of his favorite gold and silver plays and some sage market advice.

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Now That GATA Can Be Quoted, Can Central Banks Be Asked?

08/31/2010

Monday was an extremely quiet trading day in both precious metals, despite the fact that it was also the last trading day in the August contract. Gold was in a four dollar trading range throughout Monday...

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Technically Precious with Merv

08/30/2010

Too much verbal euphoria, not enough trading euphoria. As an old underground gold miner from long ago I remain somewhat of a gold bug BUT looking at the charts one must be very, very cautious here. The futures trading activity just doesn’t seems to match the expectations of many commentators at this point.

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The True Value of Gold

08/28/2010

Gold traded in a $5 price band in Far East and half of London trading on Friday. Then, when the Comex opened, gold traded in a $10 price band. Options expiry passed with barely a whimper. Gold's New York high was $1,243.40 spot. Volume was light. Nothing to see here, folks.

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Louis James Gets Physical

08/27/2010

Casey Research Senior Editor Louis James is very familiar with the gold market and with junior gold companies that have projects all over the world. In fact, he's visited many of the most promising ones.

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Vikas Ranjan: Look for Sustainable Models in Cleantech

08/27/2010

"Ubika" is an ancient Sanskrit word meaning growth. Ubika Research Cofounder and Managing Director Vikas Ranjan knows investors covet growth, so Ubika covers companies in sectors with tremendous growth potential.

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Uncle Scam

08/27/2010

The most pressing macro-observation I’d like to make – an observation that’s critical for investors to understand (though most don’t or won’t) – is that the tectonic monetary shift now underway is truly global in nature. And it’s not going to be over until a new and markedly different monetary regime has been implemented.

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You'll Buy Gold Now and Like It!

08/27/2010

The gold market offered little in the way of price excitement on Thursday. The price flat-lined in Far East trading until 1:00 p.m. Hong Kong time... and then rose to its high of the day [such as it was] around $1,245 spot, just before lunch in London. From there it took until the close of Comex trading to hit its low price of the day, which was $1,233.40 spot.

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FOR IMMEDIATE RELEASE: Aug 24, 2010

08/26/2010

Renowned investment newsletter firm Casey Research (www.caseyresearch.com) has been named to the prestigious Inc. 5000 list of the fastest-growing, privately held companies in America. The annual list published by Inc. magazine is determined by a company’s revenue and growth.

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Gold Demand Up 36% in the Second Quarter: WGC

08/26/2010

The gold price was pretty flat during Far East trading, but tacked on about five bucks shortly after London opened yesterday morning. Then it didn't do much until New York opened...

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You'll Buy Gold Now and Like It!

08/25/2010

So, is now the time to buy? It depends on your honest answer to another question: “Do you own enough gold?” By “enough” I mean an amount that lends meaningful protection on your assets. By ”meaningful” I mean that no matter what happens next – another financial blow-up, accelerating inflation, crushing deflation, war, a plummeting dollar, more reckless government spending – you won't worry about your investments.

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JPMorgan Buys Back More of Its Silver and Gold Short Positions

08/25/2010

As I mentioned in my closing comments in this column yesterday, it would be interesting to see if the 50-day moving average in gold... and the 200-day moving average in silver got taken out to the downside on Tuesday. Well, they broke through both, but it was only by an eyelash [and a few seconds] in each metal.

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More Ignorant Snickering About Gold

08/24/2010

Gold volume during the Monday trading day was so light that it's hard to take any price movements [either up or down] as having any real meaning. Having said that, the pressure that existed yesterday was all on the down side, with the high... such as it was... coming in the wee hours of Monday morning.

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Technically Precious with Merv

08/23/2010

Since its bottom in late July gold has been on an almost steady advance, day after day. However, this advance has traced an upward sloping wedge pattern on the charts and this pattern usually suggests a break to the down side ahead. That could come any day now.

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Eye of the Hurricane: Doug Casey on The Money Show

08/21/2010

Doug Casey speaks with Stirling Faux on The Money Show about the current economic environment.

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Russia's Central Bank Buys Another 500,000 Ounces of Gold in July

08/21/2010

Gold declined about four bucks from the open in Far East trading Friday morning... until about an hour before trading began in New York. Then the price popped to its New York high of the day [$1,232.90 spot] just minutes after the Comex opened for business.

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Atticus Lowe: Scouting for Good Value

08/20/2010

Atticus Lowe, chief investment officer with West Coast Asset Management, is the kind of guy you would want making your investment decisions. He is coauthor of The Entrepreneurial Investor: The Art, Science and Business of Value Investing.

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Silver Velocity -- the Coming Bullet

08/20/2010

As you can see from the chart below, gold didn't do anything in Far East trading... with the low of the day [around $1,127 spot] coming at 11:00 a.m. in London yesterday morning. From there, gold rallied a couple of bucks going into the Comex open.

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Black Swans Need Not Apply

08/20/2010

I was pounding pavement instead of kicking rocks recently, on Wall Street of all places. There were Suits hanging around outside the familiar iconic buildings, despondently smoking cigarettes. In my surely biased opinion, the feel of the place was distinctly less energetic than usual. But what really struck me was not one, but two guys with sandwich-board placards announcing “WE BUY GOLD” – for different companies.

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The 10 Biggest Mistakes Investors Must Avoid in the Coming Decade

08/19/2010

In today’s shaky economy and jittery investment markets, investors may well find that their best moves are not discovering the next big thing or a fantastic value, but simply avoiding serious, and costly, mistakes. Here are ten of the most common mistakes we see investors making everyday, and how to avoid making them yourself.

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What Was That?

08/19/2010

Well, the little sell-off in gold going into the London open that I mentioned in my closing comments in yesterday's column didn't amount to much... as that was the 'bottom' for the moment. From that point, gold rose slowly until precisely 9:00 a.m. in New York, when the bullion banks pulled their bids... and down went the price.

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Eton Park Capital Management Goes For Gold

08/18/2010

Tuesday's activity in the gold market is hardly worth mentioning. But, just like Monday, the rally that began in the Far East and London trading was extinguished during the New York trading session.

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Commodities: Mining in Iraq

08/17/2010

Marin Katusa, Casey Research's chief energy investment strategist speaks with BNN about his recent trip to Iraq.

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Yves Siegel: Management, Patience Keys to MLP Success

08/17/2010

Credit Suisse Analyst Yves Siegel believes master limited partnerships (MLPs) are strong investment vehicles, particularly in uncertain economic circumstances. "I don't think there are many other places where investors can put their dollars and get a nice return with very moderate risk," he explains.

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Will Iran Be Attacked Before the Weekend?

08/17/2010

Gold was in positive territory through most of Far East trading on Monday morning... and took a bit of a pop to the upside during early London trading... and then another jump at the Comex open in New York. That was its high of the day.

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Saskatchewan: A Gold Mine for Uranium

08/17/2010

Mining is a risky business and accidents happen. But when your mine is the world’s largest uranium deposit, fourth largest copper deposit, and fifth largest gold deposit, an accident can cost a little bit more than the average. Something BHP Billiton found out after the shaft accident at its flagship Olympic Dam mine located 560 kilometers north of Adelaide, South Australia.

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Technically Precious with Merv

08/16/2010

A small rise in the price of gold this past week continues to get a rise out of the speculators but is it based upon any reality? Are the market action and the fundamentals in sync? I don’t know about the fundamentals but here you get a feel for market action.

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The Best Gold Interview of 2010

08/16/2010

Much of what passes for “insider” information these days is often conspiracy-edged or largely conjecture. True inside information is actually hard to come by. So what follows is the refreshingly candid and uncut version of my talk with a first-hand participant in the murky and little-understood world of gold bullion, mints, and bullion dealers. Customarily, when considering a company for a potential recommendation, I hold a series of discussions with management. It was during one of these vetting procedures that I spoke with Andy Schectman of Miles Franklin – and heard some disturbing reports about supply that every investor should know. Andy is a bullion seller, so you’re welcome to take his comments with a grain of salt. On the other hand, what he sees week after week and what he hears from his high-level industry contacts might just make you pull back on that salt shaker and re-inventory the number of ounces you own...

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Gold is My Asset Pick for the Next 10 Years: Marc Faber

08/14/2010

What can be said about Friday's gold price action, except... "what price action?" Volume was the lowest that I can remember in years. Nothing to see here, folks.

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Florida – Much Worse Problems Than the Oil Spill

08/13/2010

Media coverage of the oil spill’s effect on the Gulf focusing on tourist income lost by the waterfront towns – with footage of empty beaches, restaurants and T-shirt shops – dominates the news. Interviews with devastated business owners are heart rending. But they always end with references to somehow hanging on until “things get back to normal.”

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Stan Bharti: A Few of His Favorites

08/13/2010

Forbes & Manhattan Founder and CEO Stan Bharti, whose genius has guided dozens of junior resource companies to the pinnacle, discusses his approach in this exclusive interview with The Energy Report—and a few of his favorites. Among them is a company using a molecular-tagging technology to foil a practice that fuels terrorist activities and deprives governments of more than $100 billion in tax revenues annually.

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New Report Trashes Precious Metal ETFs

08/13/2010

The gold price did nothing in Far East trading on Thursday... and not much happened at the London open or the London a.m. gold fix, either. But, for the second day in a row, the gold price began moving higher at precisely 11:00 a.m. in London... which is 6:00 a.m. in New York.

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Jeff Clark's Interview with Frank Curzio on S&A Investor Radio

08/12/2010

Jeff Clark talks about gold and silver with Frank Curzio on S&A Investor Radio.

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If Deflation Wins, What Will Gold Stocks Do?

08/12/2010

The talk of a possible double dip is now common banter on TV investment programs. And indeed, deflationary forces seem to have the stronger grip right now than inflationary ones. So if deflation is the next reality we have to face, what happens to our favorite stock investments?

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Goldman Sachs Turns Bullish on Gold

08/12/2010

Despite the fact that the U.S. dollar gained about 150 basis points during Wednesday's trading day... there was little sign of it in the gold price activity yesterday. Yes, gold came under a bit of selling pressure at 2:00 a.m. Eastern time...

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Expatriate Your Wallet

08/11/2010

If everything you own is held in your own name in your own country, then you are not merely exposed, you are vulnerable absolutely, to whatever decisions the government might make about how you should behave and who gets the wealth you’ve earned. Tomorrow's new government measure, which might land out of the blue, could be a law that affects everyone, or it could be a rule devised to deal with people like you. Or, it could be an administrative action aimed at you alone. In any case, with all your assets at home, you'd find out how the lobster feels when his trap is being hauled out of the water. Nothing he can do about it...

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The Golden Mean

08/11/2010

Gold traded basically unchanged in Far East action on Tuesday... despite the fact that the dollar was rising steadily. This lasted until 3:00 p.m. in Hong Kong... and then the selling pressure began.

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A Run for the Canadian Border

08/10/2010

The Gulf of Mexico disaster has changed U.S. priorities, costs, and energy supply sources for years to come. But the fact that the U.S. needs energy isn’t changing anytime soon, and as mass sources of green energy are still a while away, the most likely alternative might be the most surprising one.

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China Pushes For Gold: India Follows Suit

08/10/2010

It was a very quiet and unexciting trading day in gold just about everywhere on Monday. Of course gold came under some selling pressure the moment that New York opened...

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U.S. Risk Factors of Chinese Real Estate Bubble

08/09/2010

Fox Business News interviews Casey Research Chief Economist Bud Conrad on why there's a big real estate bubble in China.

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Technically Precious with Merv

08/09/2010

Gold has had several days of steady upside action but unfortunately the strength or momentum behind the move is not all that encouraging. Serious negative divergences are seen in my momentum indicators and need to be nullified before any significant move can continue. Let’s see where we are on a continuing basis.

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Gold Spikes Higher on Jobs Report

08/07/2010

Gold spent all of Far East and most of London trading hugging the $1,195 price level. Then there was the spike over $1,200 when the jobs numbers were released yesterday morning.

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'War is Coming' -- Doug Casey

08/06/2010

I wouldn't read a lot into Thursday's gold price action. However, having said that, shortly after New York trading began, gold broke through the $1,200 ceiling for the second day in a row and...

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Who’s Scoffing Now?

08/05/2010

It’s kind of ironic, I find, that the very same people who are quickest to scoff when hearing the phrase “This time it’s different” – namely the professional investing class – apparently see nothing to worry about in the idea that the world’s largest debtor can run the world’s largest deficits… and do so at historically low interest rates.

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China Is Winning the Energy Race

08/05/2010

It’s no longer 1973, when President Nixon could declare that our status as top energy consumer was “good. That means we are the richest, strongest people in the world.” Today, bragging about winning the energy-eating competition doesn’t gain you any brownie points. Which is probably why Chinese authorities were quick to reject the IEA data as “unreliable,” choosing instead to focus on their intention to sink about 5 trillion RMB (about US$750 billion) into renewable energy projects.

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China Fires Another Warning Shot

08/05/2010

The tiny bit of excitement that occurred in Far East trading in gold on Wednesday didn't amount to much. The rally [such as it was] did continue through London trading...

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Gold Meltdown or Mania - Batten Down the Hatches

08/04/2010

If a panic in the broader markets put liquidity-crunch-induced pressure on the gold price, the meltdown should be less severe than in 2008 and the eventual rebound could be dramatic, possibly triggering the mania we’ve been calling for. Remember: the market crash drove gold almost down to $700 in October ’08, but the same fear drove it almost back to $1,000 by February ’09. Silver topped that with a 60% rebound over the same period.

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China Drops Their Oars into the Gold Market

08/04/2010

Well, I wouldn't read a heck of a lot into Tuesday's gold price action. The upward move that gold made yesterday, began at the Hong Kong close... which also happens to be the London a.m. gold fix... at 10:30 a.m. local time.

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Keith Schaefer: Stick with Wet Gas, Heavy Oil Plays

08/03/2010

Oil and Gas Investments Bulletin Editor and Publisher Keith Schaefer specializes in Canadian oil and gas plays. Despite the languishing gas price, he sees opportunities in some hedged Canadian gas companies and unhedged "wet-gas" producers.

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A New Trend in 2010 is the Movement Toward Fully Allocated Physical Gold: UBS

08/03/2010

The gold price spent most of Far East and early London trading basically unchanged from Friday's closing price in New York. But, at 10:00 a.m. sharp in London, a seller showed up... and three hours later... at 8:00 a.m. in New York, the gold price hit its low of the day around $1,174 spot.

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JPMorgan et al Head For the Silver Exits

07/31/2010

Gold did virtually nothing on Friday until Hong Kong closed for the weekend and the London a.m. gold fix was in at 10:30 a.m. local time. From there, gold gained about five bucks between then and 8:45 a.m. in New York... and then lost it all within the next hour of trading.

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Gold's on the Cusp of a Parabolic Move Up: John Embry

07/30/2010

he gold price had another relatively quiet trading day on Thursday. The price didn't do much until shortly after the lunch hour had begun in London...

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The Year of the Roth

07/29/2010

If converting to a Roth looks like the right move, the best time to do it is soon. An investor who makes a Roth conversion in a given year is allowed to undo it at any time before his tax return for the same year is due. This amounts to a wait-and-see period on investment performance, and the longer the period is, the more valuable it can be.

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Slicing the Salami

07/29/2010

Compared to Tuesday, the gold action everywhere on Planet Earth yesterday was basically a non-event. However, it's important to note that the bullion banks were able to force a bit more tech long selling, as a slightly new low for this move down [$1,156.90 spot] was set going into the London p.m. gold fix at 10:00 a.m. in New York on Wednesday morning.

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Is the Future of U.S. Oil Really Secure?

07/28/2010

Bringing it back to an American context, the question of energy security rears its head yet again. Oil from Kazakhstan flows through two pipelines: one winds through Russia, the other through China. Not exactly the two countries you’d want controlling the taps of your oil supply.

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JPMorgan et al Pull the Pin

07/28/2010

Tuesday's high price of around $1,187 spot was set early in the London trading session... and by the time that JPMorgan et al began to trade on the Comex in New York, gold was only down a couple of dollars from that high.

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Uranium Stocks

07/27/2010

Marin Katusa talks with BNN about Denison Mines' Wheeler River uranium project.

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ECB President John-Claude Trichet Challenges Inflationism

07/27/2010

Well, the Monday gold chart looks suspiciously like the Friday gold chart. In Far East trading, gold gained a few bucks... but shortly after London opened, the selling pressure began.

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How to Buy Your Kids a House

07/26/2010

If gold peaks and real estate bottoms in about five years, then a house will cost you about 100 ounces of gold in 2015. Maybe it will take ten years, but the point is, I think we can count on the ratio moving lower this decade, and probably significantly so. Even for the modest budget, 100 ounces almost sounds manageable.

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JPMorgan et al Reduce Their Gold Short Position Substantially

07/24/2010

The tiny rally in gold that began at 3:00 p.m. Friday in Hong Kong [2:00 a.m. in New York] lasted for only a couple of hours, as once it broke through $1,200 spot... a not-for-profit seller was only too happy to sell it down to below that number... and by lunchtime in London, the rally had pretty much petered out.

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Bring Out Your Dead

07/23/2010

Last week, the price of gold again broke below its new base at $1,200, and the U.S. stock market was again under strong pressure, due to a confluence of fears, most of which point to a deflationary double-dip.

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What Was That? Short Covering?

07/23/2010

All was quiet through Far East and London trading on Thursday... but at 9:30 a.m. in New York, gold took off... and, in 30 minutes, was up to its high of the day of $1,202.20 spot.

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Gold Coin Sellers Angered by New Tax Law

07/22/2010

It was very quiet in Far East and early London trading on Wednesday... but at 10:00 a.m. local time [5:00 a.m. Eastern in New York]... gold began to rise briskly.

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Russia's Central Bank Adds 200,000 Ounces of Gold to Their Reserves

07/21/2010

The gold price didn't do a lot in Far East trading yesterday... and the first noticeable selling pressure showed up at 10:00 a.m. in London when the bullion banks went to work on the price. The absolute low of the day [around $1,174 spot] was about one minute before the Comex open at 8:15 a.m. in New York.

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Top Metal Picks

07/20/2010

Louis James, metals strategist and editor International Speculator at Casey Research, tells BNN which gold stocks investors should be keeping an eye on this summer.

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Is Now a Good Time to Buy Gold?

07/20/2010

While we’re convinced gold and gold stocks are destined for much higher levels, buying when prices are low can mean the difference between a double or triple and a ten-bagger... a week in Malibu vs. a week in Milan.

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Malaysia: The Gold Dinar and Silver Dirham

07/20/2010

Nothing much happened in Far East trading on Monday... but shortly before 10:00 a.m. in London [which was gold's high price of the day around $1,194 spot] downward pressure on the gold price began. Once New York opened, the selling pressure intensified... and moments before London closed for the day, the bottom was in at $1,176.70 spot.

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Technically Precious with Merv

07/19/2010

Friday may have killed any hope of a good rally. Gold is looking weak and the price trend has been weakening for quite some time. Are we at the top?

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The Fed Will Re-Implement 'Quantative Easing' on a Massive Scale: Marc Faber

07/17/2010

Well, dear reader, we've seen graphs similar to this quite a few times over the past three years... the last being on July 1st. After a yawner of a day in the Far East and early trading in London, the U.S. bullion banks pulled their bids at the Comex open... and that, as they say, was that.

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Is the Gold Trade “Crowded”?

07/16/2010

It’s true that GLD’s assets just passed the $50 billion mark, and that it’s the second largest U.S. ETF. Yes, mints had difficulty filling orders when the Greek crisis broke. And yes, the gold price is up nine years in a row.

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Just Another Day Off the Calendar

07/16/2010

Without going into a lot of detail, Thursday's action was almost a carbon copy of Wednesday's trading activity.

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Government Mules

07/15/2010

An increasing number of the mules seem to me to have become disheartened at the difficulty of creating and keeping enough wealth to live the life envisioned in youthful dreams. And correctly so: building lasting wealth is relatively easy when you keep 90%, but nearly impossible when you keep just 40%. And, if the trend now in motion continues in motion, the productive elements will soon be lucky to keep 30%.

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"Will Sprott's Brand New Physical Silver Trust Become JPMorgan's Biggest Nightmare?"

07/15/2010

Gold did nothing in Far East trading on Wednesday... but was up a few bucks going into the London open. However, about an hour before New York opened, gold got sold off... and it was down about five bucks when Comex trading began.

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"Buy Gold, Buy silver... and Have Faith"

07/14/2010

Gold's low for Tuesday [around $1,195 spot] occurred within the first fifteen minutes of trading in the Far East on Tuesday morning. After that, gold didn't do much until the London open when there was a little break-out to the upside... and from there, the gold price continued to work its way slowly higher.

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Has the Gulf Spill Opened Pandora’s Box for Obama?

07/13/2010

Thousands upon thousands of rig workers were effectively laid off when the 33 rigs operating in the Gulf stopped drilling. The full economic impact of the ban is still unrealized, with the layoffs just starting, but estimates put the figure for lost wages as high as US$330 million per month.

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JPMorgan et al Show Up at the London P.M. Gold Fix Again

07/13/2010

Gold's high of the day [around $1,213 spot] was moments after Far East trading began on Monday morning... which was shortly after 6:00 p.m. in New York on Sunday night. The price was down about $10 by the time the Comex opened for trading yesterday morning.

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Technically Precious with Merv

07/12/2010

After a sharp drop leading into the long weekend last week gold seemed to have just taken a breather and moved sideways this week. I guess we’ll just have to wait and see what the next week brings.

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Financial Reform Bill

07/11/2010

As the financial reform bill moves closer to reality, Casey Research CEO, Olivier Garret, warns that there are too many loopholes in the bill and it will only add to government bureaucracy.

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FreedomFest 2010

07/10/2010

Louis James debates limited government with Congressional candidate Edward Gonzales at FreedomFest 2010, heard on the Korelin Economics Report.

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The Fed and the IMF say: "Print... or Die!"

07/10/2010

Gold pretty much traded sideways during the Far East session... with the gold's low of the day... such as it was... occurring shortly before 10:00 a.m. Hong Kong time on Friday morning... which translates into shortly before 9:00 p.m. Thursday evening in New York.

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Save the Virgins!

07/09/2010

Most prevalent among the modern belief systems is that shamans of government and high finance can, by virtue of their Harvard degrees and clearly advanced intellects, effectively manage large economies. The fallacy in this notion should be evident to everyone – here in the U.S., it’s as simple as noting how everyone from the Fed chairman to almost all of the nation’s political leaders and the best and brightest on Wall Street failed to anticipate the current crisis. Any way you slice it, the lot of them were caught as flatfooted as the crew and passengers on the last voyage of the Morro Castle.

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Jim Rogers Says: 'Sell Bonds, Buy Precious Metals'

07/09/2010

Gold didn't do a whole heck of a lot in Far East trading once again... and its high price of the day [around $1,208 spot] came at 8:00 a.m. in London yesterday morning. From there it declined gently until the U.S. bullion banks pulled their bids about fifteen minutes before the London p.m. gold fix at 10:00 a.m. Eastern time. Gold's low of the day [$1,186.50 spot] occurred moments before the London close. Gold rallied a bit after that, but was still down about five bucks from Wednesday's close when all was said and done. Volume wasn't overly heavy... under 100,000 contracts net of roll-overs and spreads.

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Time to Board the Gold Stocks Train?

07/08/2010

From April 2009 to April 2010, gold stocks mirrored the S&P. The two markets held hands as often as high school sweethearts; there was very little separation between them. While it wasn’t always a daily connection, any weekly and especially monthly chart showed them moving in tandem.

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China Won't Dump U.S. Treasuries or Pile Into Gold

07/08/2010

Unbeknownst to me at the time I sent in yesterday's commentary, the low at the Hong Kong close at 5:30 a.m. Eastern time on Wednesday morning proved to be gold's low price of the day. That time of day, coincidentally, is the precise time of the London a.m. gold fix. Gold subsequently gained and lost about $5 in London trading... but the moment that New York opened, the gold price was off to the races. The price rise even extended into electronic trading after the Comex closed. Gold's low price at the London a.m. fix was a hair below $1,185... a new low for this move down... and the high [$1,205.10 spot] was in electronic trading in New York late on Wednesday afternoon. Volume was pretty chunky with preliminary volume showing around 120,000 contracts traded net of spreads and roll-overs.

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European Banks Use Gold Reserves to Raise Cash

07/07/2010

The gold price was pretty choppy in Far East trading. It's impossible to read anything into the this sort of price action as volume was very low. It was interesting to see that gold's high price of the day [around $1,213 spot] came shortly before 10:00 a.m. in London... with the real selling beginning during the London lunch hour. Then at 9:30 a.m. in New York [the moment that equity trading began for the day] the dealers pulled their bids and gold dropped $15 in just a few minutes going into the London p.m. gold fix at 10:00 a.m. Eastern time. Once the 'fix was in'... gold didn't do much after that... with it's low of the day [$1,188.40 spot] coming in New York electronic trading around 3:30 p.m. Volume was pretty heavy.

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Sector Focus - Coal Stocks

07/06/2010

Marin Katusa talks with BNN about investing in metallurgical coal and which stocks he likes.

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Obama's New Iran Sanctions: An Act of War

07/06/2010

Every commentator I read yesterday said that the Comex was closed yesterday... and maybe it was... but someone was trading both gold and silver after London closed yesterday. And whoever it was, stopped trading at 1:15 p.m. New York time yesterday afternoon.

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The Dow Chart is Ugly

07/03/2010

From its Thursday low of $1,195 spot shortly after 4:00 p.m. in New York... gold rose quietly until about 1:00 p.m. in Hong Kong trading on Friday. From there it only added a few more dollars to its London high of around $1,213 spot shortly before lunch their time.

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How Blatantly Obvious Can You Get?

07/02/2010

Well, at least I don't have to spend too much time on what happened in Far East and early London trading on Thursday... as everything of consequence happened in New York. The top for gold [around $1,243 spot] was pretty much high noon in London... and the price was already starting to slide a little as the Comex opened for trading. The price continued to slide into the London p.m. gold fix which was moments after 10:00 a.m. Eastern time... and then things really got serious to the downside. JPMorgan et al pulled their bids, and the tech funds found themselves selling into a vacuum... and down went the price.

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The Hungry Dragon: China's New Oil Market

07/01/2010

If you ever happen to eavesdrop on a conversation between energy investors, two words are sure to crop up – China and oil. Usually, they’re used together and usually, it’s about China’s increasing presence on the global oil scene.

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U.S. Mint Sells Another Three Million Silver Eagles in June

07/01/2010

Gold didn't do a lot in Far East and London trading yesterday... but the moment that the Comex opened, gold got sold off to its low of the day around $1,236 spot... which was shortly after 9:00 a.m. Eastern time. Then gold rallied to it's high of the day of around $1,249 spot at 10:15 a.m. Then it got sold off, and any subsequent rally got firmly and quietly sold off as well. Once the Comex closed, all was quiet into the close of electronic trading.

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Central Banks Push Up the Gold Price

06/30/2010

For some years now, Doug Casey has gone on record with his view that we’ll know the gold bull market is really picking up steam when central banks stop selling their reserves of gold and begin buying the stuff.

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GLD Up Another 136,928 Troy Ounces of Gold

06/30/2010

The gold price fell a bit as the dollar rallied during Far East and early London trading yesterday. But, by 9:30 a.m. in New York yesterday morning, gold was only down four or five dollars. Then, just before the London p.m. gold fix, gold got whacked for about $11 to it's low of the day of $1,226.40 spot. The low was set right at the London p.m. gold fix... no surprise there, dear reader. From that low, it recovered almost $20... before the buyer disappeared... or a not-for-profit seller showed up. I suspect the latter. Gold finished the trading day up a few dollars from Monday's close. Volume was huge... which was to be expected, since it was the last trading day for the June contract.

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Implications for Coal Stocks

06/29/2010

Marin talks about how the federal government's decision to gradually phase out coal-fired power plants affect coal stocks.

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Perfect-Worlders, Get Real!

06/29/2010

Scanning through a local newspaper this week, I came across a letter to the editor that speaks volumes about the popular misconceptions that are dragging this country, and the world, to its knees.

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Russian Intelligence Found Gold Market Info 'Very Valuable' FBI Says

06/29/2010

Gold didn't do much in either Far East or London trading on Monday. But, about an hour after Comex trading began, a buyer worthy of the name showed up... and gold tacked on about ten bucks in an hour. The top of this rally [$1,263.90 spot] proved to be the high of the day. Then the dealers began to sell, pulled their bids [twice]... and very quickly gold got clocked for almost $30... as gold 'fell' to its low of the day of $1,234.70 spot around 1:15 p.m. in New York. After that, gold didn't do a thing... and closed for close to its low of the day. Volume was pretty heavy.

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Technically Precious with Merv

06/28/2010

Although gold has recovered from its mid-May plunge the strength of the recovery has been very weak and the recovery itself is suspect because of that. Although gold remains BULLISH for all time periods that may not last long. Be on guard for any surprises.

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GLD Up... Again. SLV Down... Again.

06/26/2010

There was action reported in both GLD and SLV yesterday. GLD reported taking in another 97,806 ounces of gold. But the SLV reported that 1,028,559 ounces of silver were withdrawn from their holdings. SLV's inventories have declined by 2.6 million ounces since May 28th... and GLD has increased their holdings by 2.5 million ounces during that same period.

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Jon Hykawy: REEs Explained

06/25/2010

Rare earth elements (REEs) are not all that rare. They are virtually everywhere—even in economic concentrations in safe jurisdictions, says Byron Capital Analyst Jon Hykawy. What's more, the prices for some high-demand metals derived from REE deposits continue to reach new heights, almost daily. These metals are essential to the manufacture of magnets used in hybrid and electric cars and other high-end "green" technology—a thriving market indeed. If that seems like a recipe for investment success, read what Jon has to say about the REE market in this exclusive interview with The Gold Report. It's complicated. Not one REE deposit to date comes without significant baggage. But there's still money to be made if you're willing to settle for a long-term relationship.

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The Doctor and the Dealman: An Energy Update

06/25/2010

Individually, the Doctor, Dr. Marc Bustin, and the Dealman, Marin Katusa, are powerful resources when it comes to separating facts from fiction about today’s energy scene and where the real opportunities for investors are to be found. But working as a team, they become a force of nature. This chat with them will update readers on the always-important energy sector.

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A Strange Options Expiry

06/25/2010

For an options expiry day, it was about as different as they come. Gold set a double bottom just under $1,230 spot... with the absolute bottom coming at the Comex open at $1,227.50 spot. From that point, gold took off... hitting it's spike-high price of $1,249.60 spot about 11:15 a.m. Eastern time... 15 minutes after the London close. That was all the excitement for the day, as gold got sold off quietly going into the close.

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For the Last Time, Is Gold in a Bubble?

06/24/2010

While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport is that gold is in a bubble.

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Are We Having Fun Yet?

06/24/2010

Gold didn't do much until London opened for trading on Wednesday morning. From that point, gold rose to its high of the day [around $1,247 spot] during the London lunch hour... shortly before New York opened for business. But once that high was in, it was all virtually straight down from there... with the low of the day [$1,223.60 spot] coming at the London p.m. gold fix... which was minutes before 10 a.m. in New York. From that low, the selling pressure disappeared... and gold rose back to within a couple of bucks of Tuesday's close. Volume, once again, was not overly heavy.

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We Cannot Afford to Double Dip

06/23/2010

Talk of a double-dip recession is seemingly increasing these days. Home sales have dropped like a brick since the end of the special tax breaks for buyers. Weekly job reports are showing much larger rises in unemployment claims than previously expected by whoever it is that decides what exactly is expected – 427,000 new filings in just the last weekly report.

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Opportunity of a Lifetime

06/23/2010

There wasn't much to get excited about in Tuesday's gold action... but gold managed to eke out a small gain by the time the trading day was over. Both gold's low and high price yesterday [such as they were] were both set in New York... at $1,231.10 spot and $1,243.70 spot respectively.

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'Da Boyz' Are Back in Town... But For How Long?

06/22/2010

Gold didn't do much early in the Monday trading day until around 1:00 p.m. in Hong Kong when a rally worthy of the description began to take shape. This lasted until precisely 9:00 a.m. in London... when it got hit at its spike high of the day... around $1,267 spot. The subsequent rally got hit again at precisely 1:00 p.m. in London... shortly before the Comex opened in New York. Then 'da boyz' really got serious around 12:45 p.m. when they pulled their bids. The low of the day [$1,229.80 spot] was at 4:00 p.m. in New York.

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Technically Precious with Merv

06/21/2010

We’re into new all time highs in gold, inflation non-adjusted. Still the move does not have the momentum (strength) behind it to give us all that enthusiasm one might want to give to the move. Go with the flow but watch out should the flow stop.

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Russia's Central Bank Purchases 1.1 Million Ounces of Gold in May

06/19/2010

Pricewise, gold didn't do a lot on Friday until Hong Kong closed for the weekend. Then a rally began in London that really gathered some upside momentum about 45 minutes before New York opened. There was a minor peak around $1,260 spot shortly before 9:00 a.m. Eastern time... and then gold got sold off a hair going into the London p.m. gold fix at 3:00 p.m. London time... 10:00 a.m. in New York. Once the 'fix was in'... gold worked its way quietly higher until it's absolute peak price of the day [$1,263.50 spot] around 12:15 p.m. Eastern.

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I Buy Gold. I Don't Know What Else to Buy: Marc Faber

06/18/2010

Gold didn't do a whole heck of a lot all through Far East trading, but around the London a.m. gold fix at 10:30 a.m. local time... 5:30 a.m. Eastern time... gold finally caught a bit of a bid. Then, about 15 minutes before the Comex opened, gold accelerated to the upside... hitting $1,245 spot. And, except for a spike to its high of the day [$1,252.50 spot] at half past lunchtime in New York, that's where gold closed at 5:15 p.m. Eastern time. It was obvious, at least to me, that there was a not-for-profit seller lurking about to make sure that gold didn't close about $1,250 spot.

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Geological anomalies are like opinions: Everybody has one

06/17/2010

Once an anomaly is identified, it takes extensive and very expensive field work to determine the best locations for drilling holes in the ground, which you have to do to calculate a volume of mineralized rock, from which you can estimate the metal contained. It usually takes at least a year, and often several, to identify targets for drilling. And drilling off a deposit of any significant size takes several more years, usually after many false starts and setbacks, because you can’t see through rock to know where the goods are.

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Watching Grass Grow

06/17/2010

With the gold price doing nothing, I was impressed that the gold stocks bucked the general equity markets [for 30 minutes or so] at the open yesterday morning... with the precious metals stocks heading north, while the Dow et al headed south. But I also wondered who would be buying precious metals stocks under such circumstances. From there, the HUI pretty much followed the equity markets for the rest of the day... and even managed to finish in positive territory by about a percent... despite the fact that gold was down on the day.

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The 2010 Silver Buying Guide

06/16/2010

Silver has been sizzling and causing lots of buzz in the industry. Investors are excited. Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low.

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If You Build It... BP Will Come

06/16/2010

Gold didn't do a heck of a lot on Tuesday until the London p.m. gold fix was in at 10:00 a.m. Eastern time. Then it tacked on about a percent in the ensuing two hours... and showed signs of doing vertical about 11:45 a.m. But, not to worry, at precisely 12:00 noon, a not-for-profit seller showed up and ended the fun. Gold spiked to its high of the day [$1,237.90 spot] in electronic trading at precisely 4:00 p.m. in New York yesterday afternoon... but got cut off at the knees there as well... and ended up closing within a dollar of it's 12:00 noon price.

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The Secret to Finding Winning Energy Stocks

06/15/2010

As the world hesitantly emerges from recession, the one question that seems to be on the lips of investors everywhere is: what’s next? As the tragedy continues to unfold in the Gulf of Mexico, with no fix in sight, market attention has suddenly shifted to the energy sector after years of neglect. Pundits and would-be energy experts are a dime a dozen. Speculation about oversold or underbought oil abounds. But the real profits in energy won’t be made anywhere near the Gulf and have little to do with going long or short on BP or Transocean.

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Another Day on the Road to Perdition

06/15/2010

Gold was up a few dollars in early Far East trading on Monday morning... and stayed that way until it had a short rally to its high of the day [around $1,235 spot] going into the London open. From that point, gold ran into a not-for-profit seller and, except for a brief spike into an early London p.m. gold fix, gold continued to 'fall' until precisely 11:30 a.m. in New York... which was its low price of the day at $1,215.70 spot.

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Hydroelectric Revolution: A River Runs Through It

06/14/2010

It’s no secret that hydroelectricity sits near the top of the renewable energy list. But hydro invariably conjures images of soaring concrete dams, rerouted rivers and flooding, environmental damage and displaced people. Not to mention the stiff price tag that comes with such an immense engineering project.

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Technically Precious with Merv

06/14/2010

The week started out well but didn’t finish as such. Although gold made new highs it was not decisive. Should gold drop below the $1216 mark we might be in for more downside but if it closes above the $1250 level then the bull is expected to continue.

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Why Won't You Die, Damn it!

06/11/2010

In a nutshell, this is the current set-up of things. While the specifics will vary depending on whether it is the flag of Greece, Spain, Portugal, the UK, the U.S., Japan, etc., which flies over the home turf, the fundamental realities of this being a debt crisis are immutable. And, as the EU is now learning, intractable. Which is to say, the only way that this crisis will die is if the debt can be reduced to a manageable level.

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GLD Adds Another 296,693 Ounces of Gold to its Stockpile

06/11/2010

Gold was under pressure most of Thursday's trading session... and both rally attempts [one in London... and the other in New York after the London p.m. gold fix at 10:00 a.m. Eastern time] ran into not-for-profit sellers. Gold's high price for Thursday was pretty much its closing price on Wednesday in New York... which was $1,233.10 spot. The low of $1,214.30 spot [when you look at the graph below] looked like it occurred in New York electronic trading about 3:45 p.m. Eastern time... but, in actual fact, if you look at the New York trading graph on its own... the low was at the London p.m. gold fix at 10:00 a.m. Eastern.

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Anatomy of a Three-Bagger: The Brett Resources Story

06/10/2010

Shareholders were treated to a big win last month when Brett Resources (V.BBR) was bought out by Osisko Mining (T.OSK), giving investors a triple from our initial recommendation. We talked with Brett Chairman Ron Netolitzky to get the story behind how he and his team made Brett a success, along with his thoughts on the junior market and gold. We think so highly of Ron that we’ve inducted him into our Explorers’ League program...

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Albania - the New Frontier for Oil Investors

06/09/2010

After a troubled past, resource-rich Albania is trying to modernize itself into a good place to do business… and with astonishing success.

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Ten Benefits of Expatriation

06/08/2010

The following is an excerpt from the free 29-page American Expatriation Guide, written by a former U.S. citizen who wants to remain anonymous. Read what he has to say – from a “been there, done that” perspective – and maybe take your own first steps to move to greener pastures.

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Can Governments Ever Repay Debt?

06/07/2010

Casey Research Chief Economist Bud Conrad talks about the impact of growing debt on the global economy.

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Carmel Daniele: Put Cash in Colombia's Oil and Brazil's Iron

06/04/2010

Financial guru Carmel Daniele is none too concerned with the euro debt crisis, hemorrhaging oil in the Gulf or depressed natural gas. She's too busy making money. Whether it's oil in Colombia or potash in Peru, she's always looking for ways to improve the fortunes of her namesake CD Capital Private Equity Natural Resources Fund. In this straightforward interview with The Energy Report, Daniele shares with us her favorite emerging markets and investment opportunities for those willing to place some faith in London's commodity queen.

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Navigating the Other Side of the Storm

06/04/2010

The trillions in U.S. federal debt now exceed 85% of gross domestic product – and that’s not counting unfunded liabilities. Unemployment is breaking 20% as the government used to calculate it. The Federal Reserve is printing money like the paper it is. And the supposedly recovering housing market sees as many foreclosures in a month as new builds.

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Who Will Profit from the Oil Spill

06/03/2010

The disaster in the Gulf of Mexico may be the best thing that’s ever happened to green energy producers in the U.S – but the one that benefits the most will probably surprise you.

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Gold's 200-Day Moving Average Climbs Above $1,100

06/03/2010

Gold declined in fits and starts all through Far East and London trading on Wednesday... and then got hit pretty hard going into the London p.m. gold fix at 10:00 a.m. New York time. That was gold's low for the day at $1,212.90 spot. From the p.m. fix, gold rallied about $11 before running into a resolute seller... and closed in after hours trading down about a dollar from Tuesday's close. Volume was extremely light Thursday's trading activity is the red line on this chart.

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Give unto Caesar - What to Pay When You're Selling

06/02/2010

Proper planning with your finances is incomplete until you consider the endgame consequences of your investment decisions today. So, what are the tax consequences of selling gold, gold ETFs, and gold stocks?

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Bud Conrad: Dollar to Crash to Zero, Gold Will Surge

06/01/2010

The global debt crisis will send the dollar and other paper currencies to zero, and gold will be the beneficiary, says Bud Conrad, chief economist at Casey Research...

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Preparing for What’s Next

05/28/2010

Oh, what a tangled web we live in. On one side of the Atlantic, there is a fundamentally broke European Union. On the other, the world’s largest debtor nation, these United States.

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Another Dubai Company Defaults

05/28/2010

I wouldn't read a thing into yesterday's gold price action in any market on Planet Earth on Thursday. Volume was monstrous... but roll-overs and switches from the June contract into August and later months accounted for most of it...as Thursday was the last trading day in the May contract before first notice day for June delivery... which is today. Gold's highs and lows... such as they were... are not worth mentioning.

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African Oil “Fortune Favors the Bold”

05/27/2010

Recent oil discoveries in East Africa have attracted the attention of explorers in this untapped region. BNN gets more from Marin Katusa, chief investment officer of the energy division for Casey Research.

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An American Concept: Crushing Debt

05/26/2010

Commenting on the European crisis – because this has gone well past being one that can be termed “Greek” – the New York Times cited a senior U.S. official on the significant role the U.S., including Obama himself, played in getting Europe’s leadership to agree to a bailout approaching one trillion.

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GLD ETF Adds 978,424 Troy Ounces of Gold Yesterday!

05/26/2010

Well, there wasn't a snowball's chance in hell that the bullion banks were going to allow gold price to stay above $1,200 during the Comex trading session yesterday... and they didn't. The gold price edged over the $1,200 mark a couple of times during floor trading on Tuesday... but there was always a not-for-profit seller there to knock it gently down again. Gold did manage to close above $1,200... but that was in electronic trading after the Comex close... and that didn't matter, because option expiry had already passed. Once again it was "mission accomplished" for the bullion banks... as all those tens of thousands of call options expired out of the money. Gold's low [around $1,186 spot] occurred at the London open... and the high [$1,205.50 spot] occurred moments before New York electronic trading ended at 5:15 p.m. Eastern time.

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Industry Watch

05/25/2010

Al Korelin discusses the energy side of the Casey Research group with Senior Editor of the Energy Division of the Casey Research Group, Marin Katusa. One of the topics of interest in this segment is coal investing and its potential upside in the future.

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Why Google Should Subscribe to Casey Research

05/25/2010

What do search engines and wind energy have in common? That’s the question a lot of investors were asking earlier this month, when Google made an almost US$40 million investment into NextEra Energy Resources, a North Dakota wind energy firm. The simple answer: more than you think.

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How Low Will Silver Go?

05/24/2010

We released our 2010 Silver Buying Guide last week and the silver price promptly cratered. So does this change our view of gold’s shiny cousin? Hardly.

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Fact vs. Fiction on Today’s Economy

05/21/2010

There is a lot of “noise” being tossed out by the politicos and their preferred pundits about how the U.S. economy is on the mend. Thus it is important to try and separate fact from fiction about where things really stand.

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Russia's Central Bank Purchases Another 200,000 Ounces of Gold

05/21/2010

As I mentioned in my commentary on Thursday, the bullion banks showed up on the sell side at 1:00 a.m. Eastern time during Hong Kong trading... which turned out to be the high of the day around $1,198 spot. Then, except for a mild recovery that peaked shortly after London opened yesterday, it was all down hill until 8:30 a.m. in New York. That was gold's low price of the day recorded at $1,174.20 spot. Then gold rose until the London p.m. gold fix at precisely 10:00 a.m. in New York... sold off until the London close... and then rose again to form a double top at precisely 11:00 a.m., before selling off gently into the close.

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Where’s the Land of Opportunity These Days?

05/20/2010

Recent decades have witnessed an amazing shrinkage of the American manufacturing sector, from #1 in the world to virtual non-existence. Companies, taking advantage of cheaper labor costs abroad, have either outsourced some portion of the workforce or relocated their entire operations offshore. Remember the “great sucking sound” that Ross Perot claimed he could hear?

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Chinese Citizens Buying Gold With Both Hands

05/20/2010

Well, by the time I hit the 'send' button on Tuesday's column in the wee hours of yesterday morning, it was obvious that Wednesday was going to be a bad day for both gold and silver... and it was. Platinum and palladium got creamed as well... especially palladium.

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The End of the Gold Bull Market

05/19/2010

David Galland, Managing Director of Casey Research, interviews… David Galland.

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Alea Iacta Est... The Die is Cast

05/19/2010

As I mentioned in my closing remarks in yesterday's column... the U.S. bullion banks showed up in the Globex market in Hong Kong's afternoon trading session and did the dirty there for a few hours. Buyers showed up right at the London open and stopped the decline, but then another not-for-profit seller showed up just before lunch time over there... and dropped gold another nine bucks or so. This proved to be the low of the day... around $1,206 spot... and it occurred about an hour before Comex trading began in New York.

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The Nuclear Option

05/18/2010

Earlier this year, the Obama administration announced large new federal loan guarantees for the nuclear energy industry – totaling about $54 billion, or more than triple the current level of funding. Philosophically, we abhor government subsidies to any industry, but we also recognize that they’re a fact of life these days, with an inordinate influence on markets. So even though we’d prefer the government didn’t pick industry winners and losers, we must be mindful of what Washington is doing if we expect to reap profits as investors.

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JPMorgan et al Slam the Precious Metals Again

05/18/2010

As one would expect under the current financial circumstances, gold began a steady rise in early Far East trading on Monday... this despite an 80 basis point surge in the U.S. dollar that was happening at the same time. Since the big dollar rally didn't slow down gold's advance one iota, 'da boyz' had to resort to something else. So, moments before midnight in New York... 1:00 p.m. in Hong Kong trading... the selling pressure began, even though the dollar had reached it's Monday high 90 minutes before that... and was in steady decline from that point on. Gold hit its London low just minutes before New York opened... and once New York opened, a rally began that lasted right up until the London p.m. gold fix was in... and that was all she wrote, as the gold 'fell' another $17 into it's low of the day [$1,218.20 spot] at precisely 4:00 p.m. Eastern time. Gold closed about four bucks off that low. Gold's high of the day was around $1,243 spot shortly before 1:00 p.m. in Hong Kong.

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What If Doug Casey Is Right?

05/14/2010

Gold is once again above $1,200 and making new highs. And yet, Doug Casey thinks we’re just getting started, estimating gold could touch $5,000 before this is all over. A titillating thought, to be sure, but... how likely is that?

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Bud Conrad: Beyond the Point of No Return

05/13/2010

"We're heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can't just have savings accounts paying no interest. You need to go and buy gold," says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm.

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Another Day... Another Record High Close for Gold

05/13/2010

Gold didn't do much in Far East trading during their Wednesday morning... with the low price of the day [around $1,228 spot] being set at 1:00 p.m. in Hong Kong's afternoon. and then didn't show much signs of life until after London opened for trading. Then the gold price tacked on about $12 to $1,242 spot before giving up eight dollars of that gain by 9:00 a.m. in New York. From that point, gold rallied to it's high of the day [$1,249.60 spot] around 2:30 p.m. in electronic trading, before getting sold off into the New York close at 5:15 p.m. Eastern. But, when the smoke cleared, it was another record high close for gold.

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Deficit Landmines Dead Ahead!

05/12/2010

Hearing President Obama’s economic peptalks, you might be under the impression that the U.S. needs to keep spending for just a little while longer to stimulate the economy – but then will swear off big deficits. Reinforcing the point, to address concerns stirred by a Congressional Budget Office (CBO) forecast that the U.S. government will accumulate total deficits in excess of $6 trillion over the next decade, in February President Obama issued an executive order to create a bipartisan fiscal commission. The commission’s task is to deliver recommendations to the president by December 1 for limiting future deficits to 3% of GDP. (The FY 2009 deficit approached 10% of GDP. The FY 2010 deficit will probably go even higher.)

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3 Steps to Geographically Diversifying Your Gold Stocks

05/11/2010

The keyword is geographical diversification. And while no single investment variable can guarantee profits, geographical diversification does add a layer of safety and enhanced profit potential that investing solely in companies located in one country or region cannot offer. Jerry’s broker, like many in the U.S. who don’t know much about the gold industry, are uncomfortable investing in smaller producers or in faraway regions. And yet, most of the gold is currently being dug up in Africa, South America, China, and Oceania. North America accounts for only 16.3% of total gold production.

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Fixing Global Debt

05/11/2010

Olivier Garret, CEO of Casey Research weighs in on the global market debt bubble.

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Department of Justice/CFTC Probe JPMorgan's Silver Trading Activity

05/11/2010

Well, the ECB and the IMF did it on the weekend. They came down firmly on the side of "print, or die"... not necessarily to save Greece and the rest of the PIIGS... but the banks who lent them all the money in the first place. The die is cast... our fate is sealed. Not that it wasn't before... but this really puts the final nail in the coffin. As many of have said... "you can't borrow your way out of debt... or spend your way to prosperity." More on this later.

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Notes From the Field: Peru Prevails

05/06/2010

Last month I visited Peru again, penetrating perhaps a bit deeper but certainly higher up in the Andes than I’ve gone before. No nose-bleeds, but I’m not ashamed to admit that scrambling over rocks in search of boiling textures at 5,300 meters (17,400 feet) elevation left me wheezing like Darth Vader. But I found them, laying atop the gold zone at the silver project of one of the companies I came to Peru to look at. I’ve never seen boiling textures on such a large scale, but everything else at the project is big, so why not?

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Bob Moriarty: Collapse as Certain as Time and the Tides

05/06/2010

Talking heads are waxing enthusiastic over signals that the recession is receding, but debris from the derivatives debacle won't go away without a total financial system collapse, according to 321gold.com founder Bob Moriarty in this exclusive Gold Report interview. "Nobody and nothing is going to stop it from happening. It is as absolute as the time and tides," he says. While folks are all hunkered down in their bunkers waiting for the apocalypse, though, he suggests investing any spare cash in resource stocks—a "slam dunk" now that they're cheaper than they've been in nearly a decade

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Doug Casey on the Russian Bear

05/05/2010

Doug, I'm in Belarus this week, a pit stop to help some of my students with their various business ideas. I'm struggling with my Russian, but getting along. And that has me thinking about Russia's role on the global economic stage. I know this is something you've given some thought to… What do you think? Is Putin out to take over the world? What do investors need to keep in mind?

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Three Mile Island for U.S. Oil

05/04/2010

Willie Shakespeare may have summed it up best when, borrowing the voice of King Richard III, he penned “A horse! A horse! My kingdom for a horse!” History is replete with examples of how, but for the proverbial horse, kingdoms have been lost. My reference point is an accident that will almost certainly lead to tragic miscalculations and havoc down the road. And, I might add, an exceptional opportunity for the patient and attentive investor.

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The Euro Is Screwed

04/30/2010

On April 22, Eurostat, the statistical arm of the European Union, released figures on EU member states’ government deficits and debt for 2006-2009. The European Commission requires member states to report certain data every April.

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One for All and All for... Myself

04/29/2010

In December 2008, after OPEC warned of “substantial cutbacks,” I voiced my strong opinion that the members of the Dirty Dozen would cheat, because cartels always cheat. Sure enough, despite all the talk about production cutbacks, even more oil flowed out of OPEC.

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We're All Comrades Now

04/23/2010

In order to do that, we start by restating the central question, “How does the U.S. government spend, spend, spend (a minimum of $10 trillion in red ink over the next decade) and yet maintain today’s historically low interest rates?”

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Gold Stocks: Math Today, Magic Tomorrow

04/22/2010

Here at Casey Research, we eagerly awaited the release of quarterly reports from the companies in our favorite sector. Why? The gold price was substantially higher last quarter than during the comparable meltdown quarter of 2008, so we were anxious to find out if it would lead to a spike in profits.

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Shale by the Pail: Europe Shakes Its Fist at Russian Hegemony

04/20/2010

The latest buzzword on investors’ lips is shale, and it’s everywhere. Shale gas production is rapidly growing, and the domino effect of unconventional gas development on the global energy market is staggering.

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U.S. Dollar – Grave Concerns Remain

04/20/2010

We continue to see risks ahead for the U.S. economy, and in particular, the U.S. dollar. Significant global imbalances remain – indeed; the recent global financial crisis has served to exaggerate many of these imbalances. Of grave concern is the unsustainable Federal budget deficit, which may have morphed out of control, with no signs of government restraint over the near-term. The U.S. current account deficit remains at a high level, and will likely weigh on the dollar for years to come. Add to this the inflationary pressures brought about by the Federal Reserve Bank’s (Fed) substantial balance sheet expansion – the balance sheet has grown nearly threefold since the beginning of the crisis – which may cause a further devaluation of the U.S. dollar. Despite political rhetoric to the contrary, in our assessment, policies are clearly working against a strong U.S. dollar. Moreover, we are yet to see evidence of a strong, sustainable economic turnaround in the U.S.

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Is This Goldman Sachs Gold Correction Over?

04/20/2010

Gold didn't do much until about 3:00 p.m. in Hong Kong's Monday afternoon... when some selling pressure appeared. This lasted precisely three hours, as the low of the day came at 10:00 a.m. in London... around $1,123 spot. From there, the gold price rose to its high of the day [$1,138.50 spot] at 10:25 a.m. in New York... about five and a half hours later. From it's high, the gold price retreated about four bucks... and then more or less traded sideways for the rest of the New York session.

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The Tax Window of Opportunity

04/16/2010

The biggest danger to your wealth isn’t a bubble in China or Europe – it’s the IRS. Since 1987, top earners have been taxed between 28 percent and 39.6 percent, a relatively low range compared to the 50-percent-and-above rates for most of the century. However, with enormous annual deficits and Social Security lurking around the corner like a mugger, the future promises a return to old tax norms.

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Another 2.15 Million Ounces of Silver Disappear From the SLV ETF

04/16/2010

Not much happened in the gold market yesterday. However, I note that Thursday was the third day in a row that the gold price was gently but firmly shoved back every time it tried to breach the $1,160 spot price. Gold's high tick of the day was $1,162.70 spot.

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Sell Now, Buy Later – the ABCs of Short Selling

04/15/2010

The catch phrases “Buy low, sell high” and “The market fluctuates” are probably the two most frequently used clichés of the investment world. The latter statement is hardly astute, and the former far easier said than done. What both of these simplistic ideas overlook is a third concept largely ignored by the investing public, “Sell now, buy later.”

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SLV ETF Has Another Monstrous Withdrawal

04/15/2010

Gold made it up to $1,160 in early London trading on Thursday morning... and didn't do much until it's high price tick of $1,163.00 spot at 8:30 a.m. in New York, when the gold price had it's usual Comex sell-off that came to an end at 11:00 a.m.... which was also it's low of the day... $1,151.20 spot. From that low, gold rose quickly back to $1,160 spot before drifting lower into the close. And, as the chart below shows, gold traded a similar pattern in New York on Monday and Tuesday as well.

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Gold in Perspective

04/14/2010

As the price of gold rises and the inevitable quacking begins again about the “barbaric” metal being overvalued, I thought a quick check-in with the historical perspective might prove useful.

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Going Nuclear: Obama’s Green Machine Is Ready to Go

04/13/2010

Over the Easter weekend, seven nuclear reactors throughout the United States stopped operations, and natural gas prices skyrocketed by over 20%. And this was when most of the country was enjoying mild weather and businesses were shut for the long weekend.

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Why Are Silver Sales Soaring?

04/09/2010

The U.S. Mint just reported another record, but this time it wasn’t for gold. The Mint sold more Silver Eagles in March and in the first quarter of the year than ever before. A total of 9,023,500 American Silver Eagles were purchased in Q110, the highest amount since the coin debuted in 1986.

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Coal: The Contrarian’s Investment

04/07/2010

Imagine the price of gold jumping to $1,500 overnight... what would that do to the price of junior mining companies? That’s what just happened to the price of coal – it jumped 38% in one day!

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When Soda Was a Nickel and Social Security Wasn’t Much More

04/06/2010

Every generation scolds the next one down the line and blames society’s ills on the guy up at bat. Considering past policy decisions, this common perspective doesn’t make much sense. Just look at the Great Depression generation, both known for its great character as well as the worst policies of the century. Clearly, older generations did not always make the best decisions.

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Hot Rocks and Hot Investments… But Don’t Get Burned!

04/02/2010

The geothermal industry has been taking one step forward and two steps back over the last year. On the forward side are grants and interest-free loans aplenty, particularly from governments wanting to jump on the green-energy bandwagon. Pushing back is not only some tough geology with deep, dry-rock drilling projects, but also the public fear of earthquakes along with other environmental issues.

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Bond Market: “It’s Safer to Lend to Buffett than Obama”

03/31/2010

A few weeks ago, the Federal Reserve released the new Z.1 Flow of Funds document, which covers flows and outstandings through the fourth quarter of 2009.

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Census Numbers Uncensored

03/30/2010

The Census aims to be every man’s hero. It promises an economic stimulus, a reduction in unemployment, and greater funds for every community. Of course, the reality is much closer to a game of musical chairs with your money.

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Doug Casey: Making Terrorism Your Friend

03/25/2010

Terrorism is becoming a major force in the world, as evidenced by Clinton actually referring to the use of nuclear, biological, and chemical devices in the U.S. I've thought their use against U.S. targets was an inevitability for years. But with the U.S. government launching its own terror strikes against Third World targets, the inevitable is starting to look imminent. Let's put it this way: Living in Washington, New York or other population centers is not terribly prudent.

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Greg McCoach: Next Collapse Coming This Year?

03/25/2010

Successful bullion dealer Greg McCoach brings more than 20 years of business experience and a vast network of mining contacts to the mining investment newsletter he launched in 2001, The Mining Speculator. In this exclusive interview with The Gold Report, Greg discusses his strategies to prepare for what he says will be a real buying opportunity.

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Help! I’ve Been Taxed and I Can’t Get Up

03/24/2010

Like many of you, the passage of the healthcare bill wasn’t met with the popping of champagne in my house. I found myself chanting “Uncle Sam, Uncle Sham” as the day wore on. Higher taxes and other major changes are headed our way. And yet, I think there’s something in the bill that’s even more dastardly.

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Battle for the Budget

03/23/2010

Recently the Congressional Budget Office (CBO) published its scoring of President Obama's budget for the next 10 years. It shows a budget deficit of $9.8 trillion. That is just shy of $4 trillion worse than the CBO’s baseline budget, a budget that includes only the laws as currently enacted, with no estimates of any new programs lawmakers may add that worsen future projections.

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Critical Mass

03/20/2010

As the world’s population and standard of living continues to climb, demand for more - and cleaner energy - grows alongside the pressures we continue to put on our environment.

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The Taylor Rule: A Tool for Predicting Fed Policy

03/19/2010

On March 3, I heard John Taylor over lunch at the San Francisco Federal Reserve. In his talk he reviewed the government’s bailouts and their effects on our economy. If you aren’t familiar with Taylor, he co-authored, along with Bob Hall, the macroeconomics textbook most widely used these days. In addition, he served as undersecretary of the Treasury in the early Bush years where, among other responsibilities, he was tasked with bringing a new currency to Iraq.

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In the Shadow of the Castle

03/18/2010

These days it takes very little to set me off on yet another rant against the American political class – a proxy for governments the world over.

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European Shale Gas Could Free Europe from Gazprom

03/17/2010

BNN chats with Marin Katusa, chief investment officer, energy division, Casey Research.

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How Big Is Our Deficit?

03/17/2010

I’ve been warning about big budget deficits for years, often looking through the lens of our deficits compared to GDP. Using that ratio, I have pointed out that the current deficits are the biggest since World War II.

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New Baghdad and the Collapse of Capitalism

03/16/2010

Forty years ago, it was a small town on the Persian Gulf, merely one of seven sheikdoms joined in federation in 1971 to create the United Arab Emirates. Basically, there was nothing there but sand. Yes, oil had been discovered under that sand, and the city/state was enjoying its first economic boomlet. From about 60,000 in 1968, population tripled by 1975, doubled in the next ten years, and nearly doubled again by 1995.

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Rick Rule: Systemic Shock Will Kill Sucker Rally

03/16/2010

Charismatic, articulate, contrary and persuasive, Rick Rule probably could draw an audience if he were talking about the weather. But combine his presence with character, knowledge, understanding, experience and a track record of success, particularly in the resource arena, and the crowd falls silent. People listen to what Rick has to say and, as they have for years, look to him for guidance. The founder and chairman of Global Resource Investments recently made himself available for a brain-drain, and shared his insights on the direction of precious metals.

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The Big Dead-Cat Bounce

03/12/2010

It’s now been a year since the dark days of early March 2009, when, although no one knew it at the time, the stock market hit rock bottom. From there, all of the indexes went on a tear through the rest of the year, moving almost uninterruptedly higher before easing slightly in the first two months of 2010. At this writing (March 5), the Dow is still up 60%, the S&P 500 68%, and the NASDAQ 83%.

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Doug Casey on Surviving Financial Apocalypse Now

03/11/2010

Doug, last time we spoke, you said quite a bit about debt, in the context of your expectation that the euro is on its way out. At the end of that conversation, you mentioned, of course, that the problem is not limited to Greece, nor the eurozone. America as a country has become a world-class debtor, and many Americans seem to think a maxed-out credit card is a reason to get a higher credit limit, not to economize. It’s like a global epidemic. Let’s talk about debt.

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Competition for the IMF’s Gold?

03/10/2010

On February 24, Reuters reported that the Reserve Bank of India was “set to be a buyer” of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling. Although the bank wouldn’t comment directly on the possibility, they did say, “We are closely looking at the gold market... gold is a safe bet.”

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Entropy – Why the World as We Know It Is Dying

03/09/2010

The concept of entropy is one of the most useful terms for understanding just about everything. While it has its origins in natural law – thermodynamics, specifically – the concept holds true pretty much across all closed systems.

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Economist on Outlook for U.S. Debt

03/08/2010

Casey Research Chief Economist Bud Conrad argues interest rates will rise as the U.S. fails to pay down debt.

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Marin Katusa: Winning the Game with Zero-Risk Capital

03/05/2010

"In this game," according to Marin Katusa, senior editor of Casey's Energy Report, "you only get profits when you sell." The zero-capital investing philosophy he advocates wins the hearts and lines the pockets of investors. At the same time, though, it often puts him in the doghouse with some the companies and people he admires most. That's because following this strategy, you a) recoup your original investment once your stock rises, b) pull your original investment out, and then c) return for more when the price dips to the point that the company becomes an undervalued bargain. In addition to learning more about the Casey Free Ride approach and Marin's current energy sector views, get an early glimpse of the European shale plays that have captured his fancy in this exclusive Energy Report interview.

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What’s More Important: Price Per Ounce or Ounces Owned?

03/05/2010

In a recent conversation with a fellow gold analyst, he was emphatic that the price one pays for physical gold should be ignored. “What’s far more important,” he insisted, “is how many ounces I own in relation to the total value of my assets.”

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COLOMBIA: A NEW GOLD RUSH?

03/03/2010

For many investors, Colombia remains a grey spot on their mental maps of South America. La Violencia, the 50-year dark age in its recent past, came to an end with the close of the 20th century. But the memories are fresh, and the impact on the local economy and international perceptions of the country lingers. This reputation still prevents most foreigners from investigating Colombia’s potential – and that spells opportunity.

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Paul Ryan -- the Man Who Could Save America

03/02/2010

Since the stunning result of the Massachusetts senatorial race, President Obama has softened his tone quite a bit, essentially saying to Republicans that if they have any good ideas, “Bring ’em on.”

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Snow-cialism

02/26/2010

There is a silver lining to every snowstorm – getting to know your neighbors both good and bad. With forty inches on my block this week, I’ve learned a lot about my neighbors and, strangely enough, socialism.

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Gold, the IMF, and Dirty Jokes

02/25/2010

How many IMF officials does it take to change a light bulb?

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Is Ben Bernanke Smart Enough to Be a CEO?

02/24/2010

Ben Bernanke has got to be laughing it up after being reappointed to another term as Federal Reserve chairman. What else could we expect from the ex-lawyers and lifetime Beltway bandits voting on global monetary policy?

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The ABCs of ETFs

02/19/2010

Why invest in a fund, a cluster of stocks, rather than the stocks themselves? The reasons are twofold. First, a fund provides cheaper diversification for those investors with smaller amounts of capital. Buying each component of a fund spreads out your risk in the same way, but you can rack up significant brokerage fees in the process.

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1001 Reasons to Own Gold

02/18/2010

Tracking the numerous ongoing bullish factors for gold is quite a chore. There are, quite literally, so many compelling arguments for holding our favorite metal that I used to catalog them each month in our letter. The reason there are so many “reasons” is because gold is unlike any other asset. It...

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Colombia is Open for Business

02/16/2010

Oddly enough, where the mountains were once the guerillas' strongholds, now they are relatively safe. Basically, where there's good infrastructure, the army can deploy easily and the rebels don't stand a chance. Up by Ventana and Greystar, I'm told, some 300 guerillas were cornered and wiped out to the last man. No prisoners in this war. So, they have been pushed out into the most remote regions, which are out on the jungle plains where there are no roads. One project I wanted to see is on the edge of those plains to the west, and the company politely said it was not yet safe... but that there's a new army base nearby, so in time, the violence will move away.

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Sooner or Later, You’ll Invest Abroad

02/12/2010

Many conventional U.S. brokers are relatively clueless when it comes to gold stocks. If you asked them to name one, chances are it would be a domestic producer, one with assets located primarily in North America. But that’s not where the big money will be made over the next decade.

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Will Obama Destroy Any Hope of U.S. Energy Independence?

02/11/2010

The U.S. consumes nearly three times the amount of oil that it produces domestically on a daily basis. How can this statistic get any worse, you might ask?

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An Insider’s View of the Real Estate Train Wreck

02/09/2010

The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. There was no one in the nation I wanted more than Andy to address the critical topic of real estate.

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Euro - Anchor of Stability?

02/09/2010

The world’s attention is on the fiscal malaise in Greece and Portugal. Just a few months ago, policy makers told banks to shore up their balance sheets with more sovereign debt. However, policy makers around the world have since raced to spend money in an attempt to reinvigorate their respective economies, leading to record deficits. Now everyone appears surprised that weaker countries are having difficulty financing their largesse.

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Greenscapes - a true triple bottom line proposition

02/08/2010

As we become a bit more environmentally conscious and start to recognize and acknowledge the negative effects on our environment caused by our overly consumptive, energy inefficient lifestyles and business practices, a number of businesses - based on an environmental sustainability model - have responded to our new found social responsibility.

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Vintage Wine Turns Sour for Financiers

02/05/2010

The world of private equity financing doesn’t have high visibility, but it is big business behind the scenes. Unlike venture capital outfits – which provide startup money to very early-stage companies – those who play this game grab existing private companies, often through leveraged buyouts (LBOs). Each year’s investments are referred to as vintages, with some being more highly drinkable than others.

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Gold To Hit $1,350 By Late Spring - John Embry

02/04/2010

As I mentioned in my closing comments yesterday, the two price rises in both gold and silver in the wee hours of Wednesday morning... one in the Hong Kong afternoon, and the other shortly after the London open... were quietly squashed. I didn't know it at the time, but the spike up in early London trading, turned out to be the high of the day...

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How to Talk to a Nincompoop

02/02/2010

My Grandmother’s favorite word for politely describing the obtuse among us aptly characterizes a recent attack on gold. And that it comes from an investment magazine that commands front-of-the-rack prominence in waiting rooms across our great land is reassuring evidence we have a long way to go in this gold bull market.

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The China Controversy, Gold and the Stock Market

02/02/2010

The news spotlight recently was stolen by Google, the Internet search engine giant. A statement issued by Google a couple of weeks ago was greeted by dismay on Wall Street as shares retreated in response to the company's announcement that it no longer supports China's censoring of searches that take place on the Google platform. China has defended its extensive censorship after Google threatened to withdraw from the country.

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What’s next for the Dollar?

02/02/2010

The Federal Reserve’s Open Market Committee (FOMC) is sticking to its course for phasing out the additional purchases of Mortgage Backed Securities (MBS). Notably however, in its statement released January 27th, reference to an improving housing market was omitted after recent bad news about the sector.

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The Precarious State of Our Union

02/01/2010

In this week's much anticipated State of the Union address, President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the precipice of total collapse, Obama now threatens to push it over the edge.

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What’s a Company's Gold Worth?

01/29/2010

At any given time, there's a single international spot price for an ounce of refined gold. Gold is priced in U.S. dollars: $1,076.50 per ounce as we go to press. But what about the gold an exploration or mining company has in the ground – how do we value that?

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The Other Oil Play You Simply Can't Ignore

01/27/2010

The biggest economic shift of our time is under way. Cheap and easy oil is gone for good. And given our addiction to low-cost oil, the results are about to put the squeeze on your pocket book.

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Tom MacNeill: Saskatchewan's Resources Enriching the World

01/26/2010

As if the fairy godmother flicked her magic wand, once drab and droopy Saskatchewan has blossomed into the belle of the ball—and the healthiest economy in Canada. According to Tom MacNeill, undeniably one the province's most ardent fans, the transformed province will keep heads turning for the next century.

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Why I Hope Gold Falls to $1,000

01/25/2010

As a self-professed gold bug, why would I possibly want my favorite investment to fall in value? Have the long hours finally caught up with me?

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Congress Sacks Samoan Economy

01/25/2010

Like many football fans around the country, I recently tuned into a heavily promoted 60 Minutes segment on the uncanny ability of tiny American Samoa to produce a steady stream of NFL players. Although it was certainly interesting to learn how Pacific island warrior culture translated seamlessly into the disciplines of American football, and how the island's players adapted to the hard-scrabble terrain and poorly funded athletic fields, the most interesting aspect of the piece concerned economics rather than sports.

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Mickey Fulp on Precious Metals after the "Decade of the Aughts"

01/25/2010

Itchy money made 2009 one of the best years on record for the junior resource sector, according to Mickey Fulp, the Mercenary Geologist. In sector terms, it won't be so easy to prosper in 2010, but nevertheless he's confident about the prospects ahead for specific companies that remain undervalued with respect to their peers. Further, he tells The Gold Report in this exclusive interview, by careful consideration of three key criteria—share structure, people and projects—investors have a strong chance of picking up equities that could double within 12 months.

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Dude, Is That Gold Bar for Real?

01/22/2010

As the 10-year gold bull continues its stunning run, rumors of fakery seem to be cropping up as fast as new Eagles can be minted. Should you be worried? Do you need to run to the coin shop for a home test kit?

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Doug Casey: 'Stock Market Set to Crash'

01/20/2010

Is th Stock Market really set to crash? Read what Doug Casey has to say about it...

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World Gold Council To Launch New Paper Gold in India

01/20/2010

Monday's trading activity [Martin Luther King Day in the U.S.A.] is shown in the blue and red trace on the graph below. It was a very quiet trading day. But yesterday's action [red and green trace] was a completely different animal, as gold shot up quickly [on huge volume] in early trading in the Far East... but by shortly after 9:00 a.m. in Hong Kong... the buying either stopped, or the price was capped.

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Craig Stanley: Focus on Fundamental Drivers for Gold and Copper

01/19/2010

Pinetree Capital Resource Analyst Craig Stanley sheds some light for The Gold Report on how real interest rates are driving gold's rise. Although the 10-year real rate is positive now, he says if it goes negative, and stays negative, "Look out. The gold price could really spike." In this exclusive Gold Report interview, he discusses some of the junior exploration and development companies in Pinetree's portfolio.

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Yen’s Kamikaze Flight Trajectory

01/19/2010

Forget about the flight to the dollar at the peak of the financial crisis: the yen was the ultimate beneficiary. The endlessly quoted unwinding of the carry trade was a factor, but there may have been a more important force at play. As that force may now be under increased pressure, the yen may be in trouble. The force we are talking about is the free market.

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Cheap Oil is Gone, and That's Good News

01/15/2010

Over the next year or two, you will likely find yourself paying a LOT more at the gas pump. Big changes are taking place in the oil industry. With increased global demand and declining supply, easy oil is not so easy anymore.

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What the Deflationists Are Missing

01/13/2010

An interesting article by Ambrose Evans-Pritchard came my way the other day. It’s worth a read, if for no other reason than that he paints an appropriately dark picture of the current state of the U.S. economy. You can read it here.

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Japan Heads Down the Currency Debasement Highway

01/12/2010

Both gold and silver blasted out of the chute the moment that Monday morning trading began on the Globex in the Far East. This buying spree ran into enormous selling almost immediately...

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The Utica – An Emerging Canadian Shale Gas Play

01/11/2010

Shale gas is natural gas that has been generated and trapped within the natural pores and fractures of shale. This natural gas has been accumulating because of the breakdown of high levels of organic carbon or kerogen within the shale. The right temperature, pressure and a lot of time – over millions of years - is needed to produce gas. Shale plays can hold enormous amounts of gas and once production has been stabilized gas wells from shales tend to have low decline rates and long production lives.

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'Get Your Gold the Hell Outta Here!'

01/08/2010

It seems that everyone these days wants gold. Real, physical gold coins that they can hold in their hands, or bars that they’re assured are resting safely in a well-guarded vault. HSBC’s New York vault, for example, buried deep below its 5th Avenue tower, where it has stored people’s gold since it inherited the facility from Republic Bank a decade ago.

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Gold Down... Gold Stocks Up???

01/06/2010

The gold price rose about $10 during Far East trading on Tuesday... and was obviously headed higher... but it appeared that some entity stepped in and ended it at precisely 3:00 p.m. in Hong Kong at gold's high price of the day... around $1,128 spot. From there, and in fits and starts, the price 'fell' for the rest of the trading day, with the low [$1,114.10 spot] occurring around 2:00 p.m. Eastern time... just after Comex trading session ended. Gold finished down $3.70 on the day... closing at $1,117.20 spot.

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The Biggest Financial Deception of the Decade

01/06/2010

Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception...

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Annus Horribilis

01/05/2010

Now that 2009 has passed into history, analysts have flooded the public with their opinions on how the events of the past year will impact the coming years. While most are optimistic, I feel that last year's developments have greatly exaggerated the imbalances in the U.S. economy. Although we may see a temporary respite from the turbulence, these mistakes will hinder our long-term viability. I fear that we have gone down a road that will destroy the value of the dollar and may even threaten the political stability of the United States.

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Brent Cook: Successful Exploration Investing

12/28/2009

No drill results? No worries. Good geology, good management, a good cash position and a good stock price are good enough to coax renowned exploration analyst (and geologist) Brent Cook into buying junior prospect generators and explorers. He finds his sweet spot being near the top of the batting order. If he waits for drill results to confirm what he expects them to reveal, he may miss the best time to buy. With year-over-year returns on his Exploration Insights portfolio averaging 80%—and one superstar at 10 times that!—Brent's clearly hit a few homers with his strategy. But in this exclusive interview, he cautions Gold Report readers against believing everything you read and hear. He says, "It's really, really critical to evaluate what a company's telling you."

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Are We Missing Something?

12/22/2009

Ben Bernanke is a dubious choice to be named “Person of the Year” by Time magazine. While Time’s Managing Editor Richard Stengel credits him with recognizing early and reacting appropriately to the ongoing financial crisis, in reality, he was wrong time and again with both his predictions and his remedies. Just remember these gems:

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#92 Electric Avenue

12/21/2009

As a general rule, the most successful man in life is the man who has the best information. The Nuclear Age began on December 2, 1942 at the University of Chicago when Enrico Fermi created a chain reaction in a pile of uranium. Today, there are some 436 nuclear power reactors operating in 30 countries and nuclear energy provides approximately 15% of the world’s electricity.

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Porter Stansberry: Gold Is 'Nowhere Near the Top'

12/21/2009

The U.S. dollar has reigned as the world's reserve currency for more than 30 years. That's a real anomaly in the history of paper money, according to Stansberry & Associates Investment Research founder Porter Stansberry, but the dollar's days on the throne are numbered. With a sea-change in the monetary system on the horizon—and drawing ever-nearer as more and more U.S. creditors turn toward hard assets and away from paper dollars—he tells The Gold Report in this exclusive interview that the world is approaching a return to "at least a de facto gold standard." Porter does not recommend bullion as "insurance" (because that suggests hope for the dollar when there is nothing to pin hope on) but rather as "the perfect natural money."

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The Eye of the Storm

12/18/2009

At a recent Casey Research editors’ meeting, the team took on the question of whether the somewhat steady recovery since last February’s washout bottom in the broader markets had any of us thinking that the recession might be over. The gathering of minds included: Doug Casey, Managing Director David Galland, CEO Olivier Garret, Casey Chief Economist Bud Conrad, Senior Energy Analyst Marin Katusa (my counterpart on the energy side), myself heading the metals division, and several other editors.

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What Does Global Warming Have to Do with Energy Stocks?

12/16/2009

Over the last couple of years, consideration of the effect of climate change has become increasingly important in analyzing a company or market trend — particularly in the energy sector. For example, our very bearish view on the thermal coal producers in North America is due exclusively to the high levels of carbon dioxide that coal-fired power plants generate, and the widely held belief that these emissions contribute to global warming.

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What Likely Lurks Around the Corner

12/15/2009

In the short term, a catastrophic deflation is quite possible. But in the long term, extremely high levels of inflation are now inevitable. The situation is very serious. Gold is the best hedge against both of these things. The better part of your financial assets should be in gold, augmented by well-thought-out speculations. Doug Casey, November, 2009.

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Mission Not Accomplished

12/14/2009

Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the President and his deputies. Over the weekend, top White House economic adviser Lawrence Summers even pronounced that the recession is now over. Without hedging his bets, Summers declared that thanks to the Obama Administration's wise stewardship, economic stimuli, and emergency bailouts, another Great Depression, set up by the prior Administration, had been narrowly averted. Summers saw no impediments to the return of sustainable growth. He may as well have delivered these remarks from the deck of an aircraft carrier.

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A Hot Future for Geothermal

12/11/2009

Capturing energy from the earth’s heat is pretty easy pickin’s for geologically-active areas of the world like Iceland, Indonesia, and Chile. In some locations, hot fluids are so near the earth’s surface that heat from naturally-occurring hot fluids can be directly circulated through buildings for heating. Iceland, in particular, takes advantage of this low-hanging energy fruit.

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How to Predict the Price of Gold

12/10/2009

Long-term readers know that gold moves inversely to the dollar, meaning if the dollar drops, gold tends to rise (and vice versa). This happens with about 80% regularity. But what many gold writers haven’t acknowledged is the leveraged movement our favorite metal has demonstrated this year to the world’s reserve currency.

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Canadian Gold Juniors Soar – Should You Buy Now?

12/08/2009

For years, gold bugs like Doug Casey and his team have been saying that once gold takes off to stratospheric heights, it will take the gold mining stocks with it. It’s called the “Mania phase” of the commodity bull market.

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The Future of America’s Natural Gas

12/04/2009

What You Need to Know About Natural Gas: Natural gas prices have plummeted. Natural gas storage is at a maximum. Producible gas reserves are up 35% in the United States. Demand for natural gas is down because of the economy.

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Buy Gold, Be Smart, Diversify

12/03/2009

After a relaxing Thanksgiving break, I anticipated to return to work in a lighter frame of mind. However, the following item from FOX News crushed that hope right away...

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How and Why China Will Flood the Gold Market

11/25/2009

As you read this, the Chinese government is doing an extraordinary thing... something nearly unheard of in the modern world...

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The Best Energy Investments in the World

11/24/2009

In the past three years, Marin Katusa, senior energy analyst at Casey Research, has become one of the most respected and listened-to authorities in the investment advisory business. He spends the bulk of his time on airplanes and in far-off places studying the future of energy... and the best ways to make money from it.

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What If They Stop Buying Our Debt?

11/19/2009

“I have always depended on the kindness of strangers,” said Blanche DuBois, in the final words of the play A Streetcar Named Desire. Well, don’t we all...

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Strong Dollar Policy: What??

11/18/2009

“I believe deeply that it’s very important to the United States, to the economic health of the United States, that we maintain a strong dollar,” U.S. Treasury Secretary Geithner recently told reporters. Indeed, it seems to be a pre-requisite to apply for the position of U.S. Treasury Secretary to be able to utter these words. In the meantime, the greenback seems to be falling further and further; the ‘strong dollar commitment’ appears to have become a farce. Just what, then, would be a strong dollar policy?

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Louis James Shares Some of the 'Best of the Best'

11/17/2009

In this exclusive interview with The Gold Report, Louis James, Senior Editor of Doug Casey's International Speculator, reiterates his conviction that the dollar is on death row with no one prepared to grant a stay of execution. Dismal as it is, this situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects—Louis' "best of the best"—waiting in the wings for the market's next big leg down that he's been forecasting.

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Slow Down… or Else

11/13/2009

On a whim following our Denver Summit – and despite truly abysmal weather – Casey Research CEO Olivier Garret and I cabbed it down to a local public golf course for a quick nine holes...

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How Will Niagara Falls Fit Through a Garden Hose?

11/12/2009

Elmer Sutton’s eyebrows shot up when he saw the ad proclaiming gold stocks might make you wealthy. It sounded like the perfect solution for his stock portfolio, loaded with investments going nowhere. He vaguely recalled hearing a little about gold, but if what the ad said was true, he thought he could make a killing.

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If You Thought the Housing Meltdown Was Bad…

11/10/2009

The next train wreck will be in commercial real estate. Couldn’t be worse than last year’s residential market crash? That remains to be seen. But it’s coming soon, probably as early as the second quarter of next year, and there’s nothing that can prevent it. The government will intervene, trying desperately to delay the day of reckoning, and may even succeed. For a while. But make no mistake about it, that train is going off the tracks no matter what.

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Why Gold Has a LONG Way to Go

11/04/2009

A couple weeks ago, I had my TV tuned to a business show that loves to give predictions on the markets and the economy. On that day, one of the program’s regular guests declared it was time to “short” gold, that it had reached its top, and that the precious metals bull market was over. I’ll try to be nice in my rebuttal.

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HITECH – Your Medical History in the Machine

10/27/2009

In the future, a visit to your family physician, or any specialist, will begin with a quick scan of the computer screen, where a few keystrokes will tell the doctor everything he or she needs to know about you – all the way from how much you weighed at birth, to X-rays of that bone you broke when you flipped your motorcycle thirty years ago, to how much you spent on blood work last year, right up to the hypertension pills you took after dinner yesterday (and maybe even what you ate, although hopefully not).

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When Will Inflation Really Hit Us?

10/23/2009

Most of us are gathered at the station, watching for the Inflation Express to come rumbling in. But we've been waiting for a while now. Just when should we expect the big locomotive to arrive and start pushing the prices of most things uphill?

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Black Gold... Green Oil

10/19/2009

This summer, there's been a flurry of new green announcements from the world's major oil firms. ExxonMobil, Chevron, Valero, Statoil, Marathon, and Sunoco have all thrown their hats into the green ring...

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The Dollar in Your Wallet Is Only Worth 18¢

10/15/2009

It was the mid-‘70s. I was helping my Dad build a dirt road to our barn and he wasn’t happy. Not about the hard work or humidity, but from what was happening to the dollar. Inflation was starting to kick into high gear, grabbing headlines that even a girl-chasing teenager could understand...

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P2P – It’s More than Just Sharing Songs

10/09/2009

You know that house down the street that’s for sale? The gigantic castle of a house, with an uncut lawn, a few weeks away from foreclosure? That’s your fault. After all, it was you who loaned the former owners the money for the house they could never afford.

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Into the Fourth Turning

10/08/2009

The Fourth Turning is an amazingly prescient book Neil Howe wrote with the late William Strauss in 1997. The work, which describes generational archetypes and the cyclical patterns created by these archetypes, has been an eye-opener to anyone able to entertain the notion that history may repeat itself. At the time the book was published, the Boston Globe stated, “If Howe and Strauss are right, they will take their place among the great American prophets.” Read this visionary interview published in The Casey Report, and see for yourself.

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Why All the Fuss over Rare Earths?

10/03/2009

Rare earth elements (REEs) have been the mystery metals of the mining world for years. Now, suddenly, everyone’s heard about them. Before we delve into the reasons behind all the publicity, here’s the basic skinny on REEs: One, they are rare, at least sort of. Two, they are indispensable to modern technology. Three, the number of active, dedicated producers is tiny, with more than 90% of the world’s supply coming from China.

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The Road to Zimbabwe

09/29/2009

Sprinkled among all the official talk about efforts to end the current recession, you’ll hear assurances, notably from Federal Reserve Chairman Ben Bernanke, that when the economy does revive, it won’t be allowed to blast off into runaway inflation. The Fed, we’re being promised, will prevent such a launch by reabsorbing the hundreds of billions of dollars of excess liquidity it recently created to halt the credit crisis.

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What If Everyone in the World Wanted a 1-ounce Gold Coin?

09/25/2009

If we’re right about where the price of gold is headed, the general public will someday clamor to buy all things gold. While gold stocks will be where the real leverage is, the rush will start with gold itself. As a gold editor, I have a very natural question: is there enough to go around?

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A Look at Strategic Oil Reserves – Who's Buying Oil?

09/23/2009

As the U.S. strategic petroleum reserve (SPR) approaches capacity (721.5 million barrels filled out of a total possible 727 million, and will be filled by January 2010), the federal government will fade out of the oil-buying business. Some bearish traders believe that this factor can weigh in on prices, since most petroleum stocks in the United States are government-held rather than private. Bullish traders have also used the filling of the Chinese SPR as a reason that oil should go much higher.

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Is the Treasury Out to Kill Money Market Funds?

09/18/2009

Tim Geithner, the Goldman Sachs Secretary of the Treasury, has gone on record as saying that the government will withdraw its $3 trillion backstop guarantee from the money market fund industry, on schedule, this September 18.

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Could China Push Gold to the Moon?

09/18/2009

Some analysts now contend that China can no longer afford to let the gold or silver price slump. The rationale behind that contention is that with the Chinese government now telling the general populace to buy precious metals, it would be highly problematic should gold and silver subsequently take a nose dive...

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What the Heck Is Going on with China?

09/11/2009

That’s a question that Westerners have been asking for, oh, several millennia now. Or at least since Marco Polo aimed his ponies down the old Silk Road in 1271...

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Is the Fun for Gold Just Beginning?

09/09/2009

You likely heard that the Central Bank Gold Agreement was extended by the signatory banks last month. This is the agreement where central banks around the world agree to limit sales and to do so in an orderly fashion so as to not disrupt prices.

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Will the Real Price of Gold Please Stand Up

09/04/2009

Gold is traded around the clock and in so many places and in so many forms, ranging from the abstractions of futures contracts to the solid tangibility of rings and bracelets, that it’s not clear what the “real” price is. The question is more than a matter of curiosity, since many retail coin and bullion shops quote selling prices in terms of “spot plus X%” or “spot plus $Y.” When you talk to a dealer, what exactly does he mean when he refers to “spot”?

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GM's 200 MPG+ Fantasy

09/02/2009

A few weeks ago, Government Motors dropped a public relations bomb when new chief Fritz Henderson announced that the forthcoming Chevy Volt would get an astonishing 230 miles per gallon (that's 98 kilometers per liter, for our metric-system friends).

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Washington Capitulates: Peak Oil Is Real

08/28/2009

Each year, generally in May, the Energy Information Administration publishes less-than-eagerly-anticipated tome called the International Energy Outlook, 250+ pages of mind-numbing text, charts, graphs, and tables. No one reads it. The mainstream media ignore it.

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Green Shoots or Greater Depression?

08/24/2009

While we aren’t contrarian for the sake of being contrary, more often than not that is the position in which we find ourselves. Today, with the media falling all over itself to paint a rosy outlook for the economy while simultaneously voicing encouragement to the new administration in its remake of the nation in previously unimaginable ways, it’s hard not to question our conviction that the worst is yet to come.

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Baby Bush: The Worst President in History?

08/18/2009

I recognize that I’ve antagonized many subscribers over the years with “Bush Bashing.” In January, just after OBAMA!’s election, I said I wouldn’t mention Bush again, his departure having made him irrelevant. I only feel bad that he and his minions will apparently get away scot-free with their crimes; better they had all been brought up before a tribunal and tried for crimes against humanity in general and the U.S. Constitution in particular. But that is objectively true of almost all presidents since at least Lincoln.

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What You Have in Common with King Nebuchadnezzar

08/12/2009

“There’s no reason to invest in gold,” said the finance editor of a major newspaper interviewing me. “If gold goes up because of inflation, then so does everything else, so why buy it? It’s not really a good investment.”

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Are We Being Conned About Gold Confiscation?

08/07/2009

There’s a lot of Internet chatter these days about the possibility of the U.S. government seizing its citizens’ private gold holdings. What are the chances?

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The FDIC Is in Trouble

08/04/2009

As we all know, the Federal Deposit Insurance Corporation (FDIC) guarantees depositors that they’ll get their money back if a bank fails, at least up to a certain amount. To fund its operations, the FDIC collects small fees from the banks that are held in reserve for the purpose of taking over troubled banks and paying off depositors.

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Foreign Investment in the U.S. – Going Down, Down, Down

07/27/2009

Here at Casey Research, we’ve been watching the actions of foreign holders of U.S. dollars as closely as a Las Vegas pit boss watches a card player on a $1 million winning streak...

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Is Natural Gas Cheap?

07/21/2009

At the height of its late 2005 rally, natural gas in the U.S. was selling for just over $16/MMBtu, 350% higher than today’s price of $3.56. The oil/gas ratio, now over 18, is an all-time high… suggesting that natural gas is dirt cheap. So, it’s a buy, right?

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Supply Side Economics – How Is Gold Going to Fare This Year?

07/17/2009

Gold started the summer doldrums looking strong and has retreated since, but what are its prospects for the rest of the year and beyond? That will largely be determined by the interplay between supply and demand; let’s take a look at the supply side.

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A 20-Year Bear Market?

07/09/2009

In November of 1997, my partner and co-editor of The Casey Report, Doug Casey, wrote an article titled “Foundations of Crisis,” which leaned heavily on the research of Neil Howe and the late William Strauss.

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A “New GM”?

07/01/2009

What brought GM to where it is today is a lack of focus on what mattered to its customers – while it was losing market share to competitors that built higher-quality cars at competitive prices and strived to anticipate what customers needed. GM tried to remake its image several times over the past 20 years… without ever changing.

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Beware of Zombies Wearing Lipstick

06/25/2009

Before last fall’s crash, our economic views here at Casey Research were regarded by many in the mainstream as being extreme and alarmist. Unfortunately, they were also another thing: correct.

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When is the Best Time to Buy Gold?

06/22/2009

I bet you don’t own enough gold. Before you tell me I’m wrong, let me ask it this way...

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The Gold Storage Solution: Switzerland

06/17/2009

At Casey Research, our task is to accurately forecast trends, do it early, and help investors profit from what we’ve found. Without claiming infallibility, we’ve gotten it right more often than not, and by distinctly profitable margins.

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Why Healthcare Is Killing America

06/12/2009

Healthcare is the biggest segment of our economy. In the debate over who should pay for what or, increasingly, for whom, most people don't stop to understand just how large a portion of our society's money is dedicated to healthcare.

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Tupperware and ATMs– Gold Goes Mainstream

06/09/2009

Are we there yet? Are we there yet? We gold bugs are like little kids on a trip to the zoo; we just can’t wait to get there. “There” being the elusive point in time when the gold mania (no, make that Gold Mania) hits and everyone and their cat will want to invest in the yellow metal...

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Gold Stocks in a Depression

06/02/2009

While we think the odds are strongly stacked against it, particularly given the government’s furious pace of money printing, the prudent investor understands – and respects – the time-tested adage, “Nothing is guaranteed.” So while our chips sit squarely on the spot marked “inflation,” what will happen to gold stocks if we’re wrong?

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The Second Crash – On the Way and Unstoppable

05/28/2009

Tuesday, October 9, 2007 started as a nice day in New York City. A lovely early fall day, with the temperature still a balmy 80° at 2:00 in the morning. By evening, though, the temperature had dropped twenty degrees, the clouds had rolled in, there was thunder and rain.

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Where to Find the Best Deals in Physical Gold

05/21/2009

Although the press has now set gold aside for hotter stories, I can tell you demand for gold coins continues at unprecedented levels worldwide, and production is still struggling to keep up. Read on to look at the most recent reports...

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Tax Revenues Tanking

05/18/2009

While everyone else has been focused on the banks’ stress tests and how much government is spending to bail out troubled “too big to fails,” a disturbing trend on the other side of the equation is now emerging: how much (or rather, how little) the U.S. government is receiving in tax revenues.

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The Price of Oil

05/15/2009

A scant 12 months later, the Dow is trying to stagger back from a plunge to 6,500. Home sales are hinting a possible turnaround, unemployment (even the official, conservative figures) is expected to reach double digits before long, “recession” and “bailout” are household words (often accompanied by four-letter ones), the dollar is recovering... and a barrel of oil is worth half that hundred dollars

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Gold Stocks – the Best Strategy for Portfolio Building

05/11/2009

October 27, 2008 was the gold mining sector’s Black Monday, the day nearly every stock hit rock bottom. Hindsight makes it plain they got caught in the violent deleveraging that sucked down every equities market in the world...

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Bigger Than Watergate?

05/06/2009

Reportedly, Bill O’Reilly referred to a recent story out of our nation’s capital as “bigger than Watergate.” Whether the story is bigger than Watergate or not, it is definitely a scandal of huge proportions.

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Global Economics on Tilt – How to Protect Your Ass(ets)

05/01/2009

We’re about eight years into the bull market, and gold has breached the $1,000 level twice and has spent weeks trading above the old high of $850. Some observers are now saying that gold’s pretty much had its day and that once the recession is over, it will retreat for good.

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Are Banks Going Bankrupt?

04/29/2009

On April 21, Treasury Secretary Timothy Geithner said the “vast majority” of U.S. banks have more capital than needed. “Currently, the vast majority of banks have more capital than they need to be considered well capitalized by their regulators,” Geithner said in testimony to a congressional oversight panel on the government’s financial rescue program. Geithner’s remarks come on the heels of a surge in reported quarterly profits by the big banks.

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All That Glitters is NOT Gold – the truth about counterfeit gold

04/24/2009

You probably remember movies about the Old West, wherein a shady-looking character would offer to exchange a gold coin for a horse, and the seller would bite down on the coin to verify its authenticity. That was about all you could do if you lacked proper assaying equipment and had to make a snap judgment: depend on your teeth to tell you whether the metal in your hand was sufficiently soft to be genuine gold.

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Bad, Worse, or Worst?

04/20/2009

It’s time to call the global crisis what it is: the worst financial collapse since 1929. That’s no surprise to subscribers of The Casey Report, who have been amply warned over the last five years. But now even government officials, after trying to ignore the facts on the ground for the last couple of years, are admitting the truth of the matter.

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Turning Bling into Ka-Ching

04/16/2009

You haven’t worn it since you donned bell bottoms and danced to Saturday Night Fever. Yes, we’re talking about that gold chain that now looks suspiciously like a Mr. T starter-necklace. The one that’s done 30 years in solitary, locked away in a jewelry box. Have you ever thought of trading it for some cash, perhaps to a processor of scrap gold?

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Nothing

04/10/2009

We don’t yet know how many trillions will be swallowed up by the government’s rapidly breeding herd of stimulus-bailout-help!help! measures. But additional bold steps are sure to come, some already in R&D and others to be invented on the fly to answer each new wave of bad news. Expect price tags suitable for proving how serious and determined the authors are.

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Goldfinger Brown Rides Again

04/07/2009

All the hot air emanating from the participants of the just concluded G20 Summit in London has, with the help of the breathless press, made its way into our neighborhood and lifted the Gordon Brown Alert wind sock atop the Casey Research headquarters...

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Widening Deficits

04/03/2009

On March 20, 2009, the bipartisan Congressional Budget Office (CBO) released its latest forecast in an effort to take into account the impact of the recently released Obama budget. The verdict? A whopping $1.8 trillion deficit for 2009, approximately four times larger than the all-time record established in 2008 ($455 billion).

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Move Your Money Out of the Country… and Soon

03/27/2009

Things are getting uncomfortable for individuals and corporations looking to deposit their money in tax havens around the world. Just recently, Congress introduced the so-called “Stop Tax Haven Abuse Act,” which is designed to do away with the privacy afforded by doing business or investing outside the U.S. and to eliminate or reduce tax benefits available offshore. Simon Black and Fitzroy McLean, ex-CIA operatives, investment pros, and globe-trotting editors of Casey Research’s Without Borders, weigh in with their no-holds-barred opinion on the topic…

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Crisis Investing: Tactics for Today

03/25/2009

The storm we have so long tried to help readers prepare for is upon us. We’ve been calling for crisis for years now, detailing our case for its imminence with increasing urgency over the last two years, urging people to “rig for stormy weather.” And now, as people around the world are so painfully aware, it’s here...

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When Bernanke Says All Is Well, It’s Time to Duck and Cover

03/24/2009

Appearing on CBS network’s 60 Minutes, Bernanke told correspondent Scott Pelley that the nation’s largest banks are solvent and that he doesn’t expect any of them to fail; and that the U.S. recession will come to an end “probably this year.” Read on to hear what Olivier Garret has to say on this subject...

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Profiting in a Political Economy?

03/19/2009

Yesterday the Federal Open Market Committee (FOMC) announced a Treasury purchase program of up to $300 billion “to help improve conditions in private credit markets.” Read what Olivier Garret has to say on this subject...

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Sending Your IRA Gold on an Overseas Vacation

03/17/2009

In a recent article we considered the pros and cons of putting gold bullion into a self-directed IRA and detailed how to do it. But the arrangements we covered were entirely domestic...

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There’s Always a Silver Lining

03/10/2009

Here at Casey Research, we are trying not to be overly pessimistic, but there’s no denying the mass of bad news coming to us from all fronts: the forces of collectivism are using the cover of the crisis they largely created, aided and abetted by capitalism’s quislings, to roll over the individual.

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Where Do You Keep Your Gold?

03/04/2009

Personal possession of real gold adds to your security by giving you privacy and portability. It’s gold that no one has to know about, and you can carry $50,000 worth of it in one hand.

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Hot Rocks Equals Hot Stocks?

02/27/2009

Practically every major source of power generation in the world involves the production of heat, which eventually becomes the electricity that we use. Nuclear, coal, natural gas – the direct end result of all of these processes is heat, which is usually then transferred to water

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Obama Has No Clothes

02/19/