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Gold

Today's "Gold Convergence" Is Your Best Buy Signal Yet

We've been recommending gold shares for months now, ever since prices collapsed in April. But timing's getting critical, because now the market is telling you gold is set to surge...
The first piece of evidence hit my radar on August 1st, moments after Barrick Gold released its $8.7 billion "news." (More on that in a minute.)
The Commitment of Traders report - perhaps the best leading indicator for gold prices - delivered the second piece of evidence: a staggering 70% spike in "red flag" futures trading. And the third and fourth pieces of evidence just arrived.
But before we look at each of these events in detail, here's what you need to know:
Any one of these indicators is bullish on its own. So when all four signals flash at once, please don't wait.
A "Gold Convergence" like this hasn't happened in 12 years...

What's Driving Gold Prices Today

Gold prices today are still below $1,300 an ounce as traders in the United States and Europe continue to sell the precious metal.

Western investors were the main driving force behind redemptions of nearly $19 billion in gold-backed ETFs in the second quarter of 2013.

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DON’T BE SO ARROGANT, MR. PRESIDENT

Empires have come and gone. Some lasted a blink of an eye and some millennia.
The question is, after 9/11, the rise of China and a great financial crisis, where does the U.S. empire stack up to its predecessors?
Well, it seems the one commonality they all have is the point when their might was undermined by sloth and greed. And entitlements: free bread and circuses. For some it took years, others centuries.
Here, in a compelling and unique address, is what Romulus Augustus, the last emperor of the Roman Empire, might say to President Obama now about how to keep America great.
Read on and share with family and friends...

If You Own Gold, You Must See This Chart…

gold chart

Our Chief Strategist Keith Fitz-Gerald has uncovered one of the most shocking charts in recent memory.
And it signals big changes for one of the world's most important market sectors. This spells big opportunities for smart investors.
If you own gold or wonder whether gold is worth buying here, read on..

The Best Reasons to Own Gold NOW

Whether you own gold or have been sitting on the sidelines, you must be wondering whether now is the time to buy more or to finally get in the game.

The answer is one of refreshing clarity in these uncertain times.

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The Latest Obama Outrage: the Family's $100 Million Vacation

Flip flops Q

How much do you spend on your summer vacation? American households usually spend about $1,200 per person on summer vacations, according to a recent American Express survey.

Presidents spend more on their vacations than you or I. They have to. Air Force One and security does cost more than loading the Honda and heading to the beach.

Here's how much some recent presidents spent our tax dollars on vacation.

Ronald Reagan spent most of his free time at his California ranch. Taxpayers covered the cost of approximately $8 million for presidential travel during Reagan's first six years in office, according to the Los Angeles Times. That amounts to $1.3 million a year.

For George Bush the cost of flying Air Force One to his Texas ranch was approximately $56,800 per trip, for each of the 180 trips according to Media Matters. President Bush spent Christmas during his two terms at the White House so his staff and secret service could spend the holiday with their family, according to Conservative Byte.

Now Obama plans to blow away all previous presidents' leisure travel costs on our dime with a better than Disney World extravaganza trip to Africa.

However Obama had to cancel the safari because of the need to fill the surrounding jungle with snipers to guard the president from wild animals!

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Has the Great Gold Crash Divorced Bullion from Futures Prices?

The Great Gold Crash in April has likely set in motion one of the biggest shifts in precious metals markets in a lifetime.
While some big players likely stepped in to crush the markets for personal gain, they may have accidentally also made a move that will divorce gold and silver bullion pricing from gold and silver futures.
Forget about gold miners vs gold stocks, we're talking a whole other level of magnitude if this trend takes hold.
Here's a look at the circumstances, the players and what to expect next...

This Gold Prices Chart Answers a Classic Question

This gold prices chart compares the yellow metal to two other measures to find out if indeed gold is in a bubble. You must see the answer… Read more...

Jim Rogers on Investing in Gold 2013

Gold bar isolated with clipping path

Money Morning Executive Editor William Patalon III recently had a chance to catch up with famed investor Jim Rogers on investing in gold, U.S. stocks, and the best commodities for 2013.

Renowned commodities investor Rogers is concerned about the worldwide economy, but he's not worried about the recent sell off in gold.

In fact, he stands poised to pounce on the yellow metal should it fall further.

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Why Gold Prices Are Up This Week

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It's been a good few days for investors holding on to gold, and we've been getting lots of questions as to why gold prices are up this week.

Gold futures had their biggest one-day gain of the year Thursday, up nearly $40 an ounce, and ended the week up 4.2% at $1,453.60.

At one point this week, gold had retraced half the loss it incurred during its April nosedive. In a two-day period, the yellow metal fell $225 an ounce, hitting a two-year low on April 15.

It is natural for any financial asset to enjoy some sort of a rebound after such a steep plunge. But there are some sound fundamental reasons as to why gold is up.

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Jim Rogers on Gold Prices 2013

With the yellow metal down about 14% this year, wouldn't it be great to get the scoop from famed investor Jim Rogers on gold prices in 2013- specifically, why they're down, and if investors should still bet on a long-term gold bull market?

We had a chance to ask Rogers those very questions last weekend.

Sunday evening, Money Morning Executive Editor William Patalon III spoke on the phone with Rogers - who was at his home in Singapore - in a wide-ranging discussion about gold, U.S. stocks, commodities and global central banks' "race to the bottom" - or, as Rogers calls it, "race to insanity."

In this exclusive interview, the legendary investment guru took us on a tour of the gold market, taking a close look at what's driven the past 12 years of gold price gains - and what will move the yellow metal going forward.

He also pointed out the one fundamental reason why gold prices fell recently...

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Gold Buyers Get Physical As Coin and Jewelry Sales Surge

We all have the same question: What's going on with gold? As Frank Holmes explains, investors are now moving out of paper gold and into the physical. Read more...

Central Banks to Keep Investing in Gold – as Should You

The world's central bank gold buying has been a huge reason for investing in gold. Here's where they stand now, after the price plunge. Read more...

This Gold Slam is a Massive Wealth Transfer from Our Pockets to the Banks

The gold bear raid is happening at the expense of you - and anyone else trying to protect their wealth from the printing presses. Chris Martenson explains. Read more...

Keith Fitz-Gerald: "I am Buying Gold and I Intend to Buy More if It Goes Down"

Keith gold 2 Apple plunged below $400 per share, while gold prices remained well under $1,400 an ounce.

What's going on in the markets?

Stuart Varney of Fox Business' "Varney & Co." put that question to Money Morning Chief Investment Strategist Keith Fitz-Gerald Thursday.

Of Apple, Keith said, "I wouldn't touch it," then ticked off a number of reasons.

But Keith had a decidedly different take on gold, saying, "I am buying gold and I intend to buy more if it goes down, and I hope I'm smart enough to do it for a long time to come."

Asked what else he's investing in, Keith said he's "cautiously buying" energy, defense technology and medical technology stocks.

To hear more from Keith on these topics as well as his view of the massive money-printing in Japan, watch the video below.

Read More…

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