Got Gold Blog

Saturday, September 20, 2014

Latest HRA Media: Eric Coffin's Interview with The Gold Report - "Can Investors Still Find Tenbaggers?"

The continuing strength of the U.S. dollar is bad news for the price of gold, and Eric Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce. This, of course, is bad news for gold miners and explorers. But in this interview withThe Gold Report,the publisher ofHard Rock Analystcounsels that even in a bull market, investors are advised to seek out potential tenbaggers, and presents several companies in gold, base metals and uranium with the potential to flourish even in hard times. The Gold Report:YoutoldThe Gold Reportlast year you were neutral

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Stocks Rally Following Janet Yellen’s Conference and Scotland's Historic Referendum

Frank Holmes,CEO and Chief Investment Officer,U.S. Global Investors, writes: Interest rates can’t stay zero forever, but for now it’s more of the same. The Federal Reserve’s bond-buying program, enacted to spur growth, will indeed be winding down next month, as expected. But record-low interest rates will stay as they are for a “considerable time,” Fed Reserve Chairwoman Janet Yellen insisted during her Wednesday press conference. It was “game on” for the stock market following Yellen’s speech. The Dow Jones Industrial Average closed at a new record high of 17,156, while the SP 500 Index rose two points to close at 2,001, and the

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I Was Early But I’m Still Buying: Frank Giustra, Fiore Financial Corp.

A few weeks ago, we heard fromPierre Lassondeof Franco-Nevada on the power of the royalty business model. Just recently, I spoke with another ‘superstar’ of the natural resource industry -- Frank Giustra. Mr. Giustra started out as an assistant trader and then became a stockbroker at Merrill Lynch in his early career. He later went on to join Yorkton Securities, where he helped launch a new branch geared towards financing resource companies in Europe. He is now an advisor to major gold miner, Endeavour Mining Corporation. As we discuss in this interview, he’s a serial entrepreneur. In the late 90’s, he founded Lionsgate

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Friday, September 19, 2014

Gold and Silver Disaggregated COT Report (DCOT) for September 19

HOUSTON – The Commodity Futures Trading Commission (CFTC) released data for the disaggregated commitments of traders (DCOT) and Legacy “COT” reports for the week ending September 19, 2014. Our recap of the net positioning for large reporting futures traders is below, compared to the prior week’s data. Source: CFTC for COT data, Cash Market for gold and silver prices. The positioning and price data is as of the close of trade in New York on Tuesday, September 16, 2014. In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In

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Thursday, September 18, 2014

Gold and Silver End Game Here-John Embry

By Greg Hunter’sUSAWatchdog.com Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says,“I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip. I just saw Indian imports (for gold) were up 176% in the latest month. . . . Basically, all this gold and silver is headed from west to east, and I think this is a very, very disturbing development for people who live in the west. The timing of it remains imprecise. I

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Wednesday, September 17, 2014

How Financial Bubbles Fester And Burst—Even As The Fed Says Not To Worry

In today’s post Wolf Richter offers some solid insightson the dynamics of financial bubbles which merit further comment. The starting point is to recognize that once they gain a head of steam, financial bubbles tend toenvelopevirtually every nook and cranny of the economy, creating terrible distortions and destructive excesses as they rumble forward. In this instance, Wolf Richterexplains how Silicon Valley has once again (like 1999-2000) been transformedinto a rollicking capital “burn rate”machine that has spawned a whole economy based on striving for biggerlosses, notbetter profits. This latter development—- currently exemplified by 44VCstart-upcompanies in the IPO pipeline with a valuation of more than

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Monday, September 15, 2014

Koos Jansen: China again buys the dip in gold and silver gets scarcer

Declining gold prices again have pushed demand up on the Shanghai Gold Exchange as China buys the dips, while silver inventories on the Shanghai Futures Exchange continue to fall, gold researcher and GATA consultant Koos Jansen reports today. His analysis is posted at Bullion Star here: Chinese Gold Demand 39t In Week 36, YTD 1290t RobustChinese gold demand is keeping up its pace. Chinese wholesale demand, measured bywithdrawals from the Shanghai Gold Exchange vaults, was 39 tonnes in week 36 (September 1 - 5). Year to to date 1290 tonnes has been withdrawn from the SGE vaults. Blueis weekly withdrawals in Kg,Greenis withdrawals

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Saturday, September 13, 2014

Pento - Why This Equity Rally is About to End Badly

Michael Pento, Pento Portfolio Strategies writes: The deafening cacophony on Wall Street for the past six years has been since interest rates are at zero percentthat there is no place else to put your money except stocks. For most, it just doesn’t matter that the ratio of Total Market Cap to GDP is 125 percent, which is 15 percent points higher than in 2007 and the highest at any time outside of the tech bubble at the turn of the century. Sovereign bond yields are at record lows across the globe and the strategy for most investors is to ignore anemic economic growth

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Friday, September 12, 2014

Hamilton - Heavy PM Shorting Bullish

Adam Hamilton writes for Zeal, LLC. He begins: Gold and silver have been pounded lower over the past month, contrary to their bullish seasonals. This selling pressure has come from the usual suspects, American futures speculators. They’ve been busy aggressively dumping gold and silver futures, particularly on the short side. But each time they pressed this bet in the past 15 months, gold soon surged higher. Shorts are bullish since they must soon be covered. Gold suffered its worst quarter in 93 years in 2013’s second quarter, a nauseating 22.8% loss. This was triggered by the Fed’s stock-market levitation, which sucked vast amounts

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Gold and Silver Disaggregated COT Report (DCOT) for September 12

HOUSTON – The Commodity Futures Trading Commission (CFTC) released data for the disaggregated commitments of traders (DCOT) and Legacy “COT” reports for the week ending September 12, 2014. Our recap of the net positioning for large reporting futures traders is below, compared to the prior week’s data. Source: CFTC for COT data, Cash Market for gold and silver prices. The positioning and price data is as of the close of trade in New York on Tuesday, September 9, 2014. In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In

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Over to you, ECB's Draghi tells euro zone governments...

(Reuters) - European Central Bank President Mario Draghi, fresh from announcing a new batch of stimulus measures a week ago, urged governments to match the ECBs effort with investment and structural reforms to help the flaggingeuro zonegrow. (GGR comment at end.) A day after incoming European Commission chief Jean-Claude Juncker unveiled his team, Draghi said it may also be useful to have a discussion about the overall fiscal stance of theeuro zonewith a view to raising public investment where possible. Mario Draghi, President of the European Central Bank (ECB), addresses the media during the ECBs monthly news conference in Frankfurt, September 4, 2014.

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Speculator ‘Insurance Shorts’ and Swap Dealer Shorts Likely to Spark a Counter Rally in Gold

HOUSTON – (Got Gold Report) -- Just a little “thinking out loud” on the Managed Money, what I call “insurance short” positions. Doing so shows a considerable amount of gun powder laying on a large wooden box of short covering dynamite, metaphorically speaking. Thats because while The Funds piled on new shorts Swap Dealing banks hung onto most of their record high shorts. An imbalance is an understatement. See if you agree… Recall that as of August 12, with gold then $1309, Managed Money, aka, The Funds, held a smallish 21,930 short contracts for gold futures on the COMEX bourse. Recall that The

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Thursday, September 11, 2014

GLOBAL MARKETS-Dollar's rise pressures commodities amid Fed anxiety

Wayne Cole reports for Reuters Down Under... * Risk of hawkish Fed lifts dollar, Treasury yields * Commodities, carry-linked currencies among the losers * Asian shares mostly mark time, Tokyo aided by weaker yen SYDNEY, Sept 12 (Reuters) - The U.S. dollar was riding high in Asia on Friday as incessant speculation about the outlook for U.S. interest rates undermined commodity prices and unwound leveraged trades in higher-yielding currencies. Talk the Federal Reserve might take a hawkish turn at its policy meeting next week has seen U.S. Treasury yields steadily creep higher and injected new life into the dollar. (Image added by GGR.

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Gold Videocast: Peter Schiff Answers Your FAQs (Video)

Peter answers some of the more challenging questions he has received from you, his loyal clients and subscribers. Learn what he really thinks about gold manipulation, why Wall Street hates gold, who should buy silver instead of gold, and more! September 11, 2014 (Source: Peter Shiffs Official Gold Blog) http://blog.europacmetals.com/2014/09/gold-videocast-peter-schiff-answers-your-faqs-video/

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Wednesday, September 10, 2014

Japan PM, BOJ Chief to Meet as Tax Hike Pain Persists

(Reuters) - Japans prime minister will meet the head of the central bank on Thursday to exchange views on the economy, sources with knowledge of the meeting said, amid lingering worries over a prolonged drop in consumption after an April sales tax hike. (Image added:Shinzo Abe) The first such meeting since April comes ahead of Prime Minister Shinzo Abes crucial decision on whether to proceed with a second sales tax hike planned for October next year, and as speculation mounts of whether the Bank of Japan will have to ramp up its stimulus program. The focus will be on whether Abe will urge

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The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter


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