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The Cybersecurity Play That Doubled Once – Will Double Again

Not long ago, a relative of mine was the victim of identity theft. And I have to tell you that I really felt for the entire family.

The thief ran up nearly $20,000 in charges, opened new accounts and tried to open others.

And I can tell you that the frustrations over the losses (most of which ended up being covered) were dwarfed by the helplessness that came whenever new charges showed up – and the worry that was spawned by never finding out how the whole mess started.

As we watch the headlines about data breaches and cybercrime – and watch as the violations move closer and closer to home – those worries only escalate.

  • Silver Prices

  • 5 Factors That Will Push Silver to $250 an Ounce All bull markets go through periods of consolidations and corrections. And precious metals are no exception.

    There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more.

    To continue reading, please click here…

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  • Jim Rogers' Prediction on Gold Prices Was Only Half of the Story In October, legendary Quantum Fund manager Jim Rogers made a prediction about gold prices that left many gold bugs shaking their head.

    Although Rogers admitted he wasn't going to be selling his hard assets, he predicted further consolidation and a near-term correction in the metals markets.

    Predicting this short-term downturn, Rogers cautioned that gold had been on the rise for twelve consecutive years, a streak that was unparalleled. That was then.

    This week, his prediction rang true as gold and silver prices took another huge hit. In the aftermath, gold prices are now down approximately 30% since reaching an all-time high in August 2011.

    According to Rogers gold prices have even further to fall.

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  • Will Silver Prices Keep Falling? silver

    As gold prices plummeted $200 in two days, silver prices fell about 14%, or $4, to below $24 an ounce.

    Our Money Morning resources expert Peter Krauth explained the reasons behind gold's fall, so we went back to him to find out the deal with silver prices. Will silver keep falling? Is it a buy at the lower levels?

    Here's what Krauth offered for investors.

    Money Morning Staff: Peter, are silver prices falling because gold fell, or are there other factors at play here?

    Peter Krauth: There are two factors.The first is that silver follows gold rather closely, and usually amplifies its behavior, both up and down. However, it can and does sometimes detach from gold and behave independently, but this is more of a rarity.

    The second is silver's industrial demand.

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  • Goldman Sachs Is Manipulating Gold Prices Right Before Your Eyes Company GS

    If you want a lesson on how to manipulate gold prices, you need only look at what Goldman Sachs Group Inc. (NYSE: GS) has been doing over the past few months.

    Goldman set the table by predicting a turn in gold prices back in December 2012, which no doubt contributed to the precious metal's 5% decline in the first two months of the year.

    At the end of February, Goldman issued a research report that said the big Wall Street bank had soured on the yellow metal, and dropped its three-month target for gold prices from $1,825 an ounce to $1,615, its six-month forecast from $1,805 to $1,600, and its one-year outlook from $1,800 to $1,550.

    Then, just yesterday (Wednesday), Goldman doubled down on its negative outlook for gold prices.

    The bank's new targets for gold prices are $1,530 in three months, $1,490 in six months and $1,390 in one year.

    The double whammy - two downgrades in two months - had its intended effect, as gold prices fell 2%, to $1,558.80, after Goldman released its report. It was the biggest single-day percentage drop for gold in nearly six months.

    "If you've ever suspected gold prices are being manipulated, you're not alone - and you're right, they are," said Money Morning Chief Investment Strategist Keith Fitz-Gerald.

    The proof is right in front of us.

    To continue reading, please click here…

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  • Could Gold and Silver Coins Become Legal Tender in Your State? growth of the capital 2

    Confidence in the U.S. dollar is so low that 13 states are poised to recognize gold and silver coins as legal tender.

    Arizona is the latest state set to make the move.

    Monday, the Republican sponsored Arizona measure sailed through the House of Representatives 36-2. The bill moves on for another vote in the Senate, where it got its first nod Feb. 28 in a 17-11 vote.

    Should it land on Gov. Jan Brewer's desk, it's good as gold.

    To continue reading, please click here...

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  • With the White-Hot Demand for Coins, Why Are Silver Prices Falling? It's one of the biggest mysteries in finance right now. I mean, it's a real head-scratcher...
    On one hand, demand for silver coins is off the charts. In fact, it is so strong even the U.S. Mint is having trouble keeping up with demand.
    So how is it possible for silver prices to be falling?
    Here’s an insider’s take on this conundrum... Read More...
  • New ETF Makes Investing in Silver Miners Even Easier silver

    With silver looking even more alluring than gold lately, it's smart to consider investing in silver miners - and a new ETF gives investors one more option.

    The PureFunds ISE Junior Silver ETF (NYSE: SILJ), launched in November, differs from other silver mining ETFs in that it focuses only on junior silver miners.

    The PureFunds Junior Silver ETF joins just two other silver mining ETFs, the Global X Silver Miners ETF (NYSE: SIL) and the iShares MSCI Global Silver Miners ETF (NYSE: SLVP).

    While silver mining ETFs, like silver mining stocks and gold mining stocks, have not tracked the rise in price of the precious metals themselves - many are down anywhere from 10%-20% year to date - the tide is ready to turn.

    Many signs point to increasing silver demand in the months ahead, and in recent weeks more money has started to shift out of gold and into silver. Investing in silver mining ETFs is one way to get out in front of this trend before the rest of the crowd.

    "For 2013, I think silver, like gold, will set a new all-time nominal price record, likely reaching as high as $54 an ounce," Money Morning Global Resources Specialist Peter Krauth said in his 2013 silver price forecast.

    To continue reading, please click here…

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  • These Three Charts Point to Higher Silver Prices Ahead Silver Spot Prices per Ounce

    For the past few weeks, silver prices have been trading sideways. Kitco notes this tight trading range "could be "basing' action that can put in market lows and occurs just before an uptrend begins."

    For those investing in silver, that's great news.

    And if you don't think silver prices will go higher this year, here are three charts showing otherwise.

    To continue reading, please click here...

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  • Is London Manipulating Gold and Silver Prices? Country England

    As we've explained before, manipulation of gold and silver prices is happening right here in the United States.

    Our Global Resources Specialist Peter Krauth interviewed silver market analyst Ted Butler last year, who explained how big financial institutions were using high-frequency trading to depress silver prices.

    To continue reading, please click here...

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  • Investing in Silver Stocks: After Deep Plunge, These Miners Will Shine For the past two years, investing in silver miners has been much less profitable than owning the white metal itself. But that's changing - and fast. That means these three mining stocks are "on sale." Read More...
  • Investing in Silver Now is a Steal Silver ingot

    Lately there has been quite a divergence in the behavior of those investing in silver compared to those holding gold.

    One group is running scared, while the other is calmly stocking up.

    To continue reading, please click here...

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  • A Beginner's Guide to Buying Physical Silver We get a lot of great questions from Money Morning Private Briefing readers. But there's one in particular I want to share with you today.
    Andy F. writes:
      “Bill, I know this is a very basic question, but you have me interested in silver. My question is … what kind of silver? I like the 999.9% rounds and bars, but is it better to purchase coins with 40% to 90% content? Then, if I go that route, do I buy cull, junk or do I need to learn collector values? ... I am enjoying your work, thanks!” – Andy F.
    This is an important question; I hear some iteration of it all the time from my subscribers, especially as the fear of inflation sets in. Here’s the answer. Read More...
  • Gold and Silver Prices Boosted by These Global Moves Gold Price trends this year

    Gold and silver prices both marched toward their largest gains in more than a week Tuesday joining the uplifting mood on Wall Street. As the Dow Jones Industrial Average reveled in a historic rally that took the benchmark to a record high, commodities also soared. 

    Gold prices settled Tuesday's trading session up $2.50, or 0.2%, at $1,574.90 an ounce, supported by stimulus chatter and a weaker dollar. The safe haven metal had reached as high as $1,585.80 an ounce intraday, on course for its biggest leap since Feb. 26.

    Year-to-date, gold has dipped 5.7%. The commodity logged its fifth consecutive month of declines in February, marking its longest stretch of declines since 1997.

    Silver prices rose 1.7% to $28.97 in early trading, their biggest gain in more than a week. The white metal ended the day at $28.81.

    While silver's slip since January has been more modest than gold's, it's well below the $34.89 it traded at during the same period a year ago.

    But loose monetary policies worldwide, geopolitical uncertainties, rising oil prices and renewed fears of inflation should support, if not boost, both gold and silver prices in the months ahead.

    Aggressive Global Stimulus Here to Stay

    Driving gold and silver prices higher Tuesday were comments from Federal Reserve Vice Chairman Janet Yellen.

    At the National Association for Business Economics conference Monday, the Federal Open Market Committee's (FOMC) Yellen defended the bank's $85 billion a month of bond purchases.

    "At this stage, I do not see any (risks) that would cause me to advocate a curtailment of our purchase program," Yellen said.   

    Yellen's sentiments mirror that of Fed Chief Ben Bernanke, who thinks continued stimulus will be good for the U.S. economy. Acknowledging there are risks from the Fed's aggressive efforts to stoke the anemic U.S. economy, Yellen added there are also risks from not being aggressive enough.

    This news from overseas is also bullish for gold and silver prices...

    To continue reading, please click here...

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  • Buying Silver Coins: All You Need to Know

    Investors have been buying silver coins at a lightning-fast pace this year. The U.S. Mint even sold out of 2013-dated American Silver Eagles in early January.



    January Silver Eagle sales hit a record 7,498,000. After suspending sales Jan. 17, the U.S. Mint has allowed investors to resume buying silver coins, but with limits on how many coins dealers can order.

    The good news: You can still cash in on buying silver coins. But before you buy, you need to know the best deals out there - and the ones to avoid.

    That's why Money Morning Executive Editor William Patalon III explained everything you need to know about buying silver coins in this accompanying video.

    To continue reading, please click here...

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  • How to Buy Silver Coins Currency USD liberty

    Silver is one of the hottest investments this year, leading many investors to ask how to buy silver coins before the white metal soars to new highs.



    Indeed, investors have been buying silver coins at such a rapid pace, the U.S. Mint announced Jan. 17 it had sold out of 2013-dated American Silver Eagles - just 10 days after opening sales to authorized dealers.

    Opening day sales for the hugely popular bullion coins on Jan. 7 hit a record 3,937,000 coins. The tally of total sales over the 10 days the coins were available exceeded 6 million.

    Sales resumed Jan. 28 after the Mint replenished its inventory, but on an allocated basis with limited orders. The Mint used the same method in 2009 and 2010 when demand among people buying silver coins also outstripped supply.

    To continue reading, please click here...

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