Got Gold Blog

Saturday, October 18, 2014

What the Strong Dollar Does to Yellow and Black Gold and Why We're Seeing Green

Frank Holme,CEO and Chief Investment Officer,U.S. Global Investors writes: The United States is doing better than it has in years. Jobs growth is up, unemployment is down,our manufacturing sectorcarries the rest of the world on its shoulders like a wounded soldier and the World Economic Forum named the U.S. thethird-most competitive nation,our highest ranking since before the recession. As heretical as it sounds, there’s a downside to America’s success, and that’s a stronger dollar. For the 12-month period, our currency has seen a 1.1-standard deviation move, which has put pressure on two commodities that we consider our lifeblood at U.S. Global Investors: gold

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Sunday, October 12, 2014

Warning: Market Correction This Week… Did You See the Opportunity?

Frank Holmes,CEO and Chief Investment Officer,U.S. Global Investors, writes: While stocks fell around the world this week amid growing concerns over global economic growth, Europe’s slowdown can’t stop emerging market population growth that drives long-term commodity demand. If the short-term market volatility concerns you, a solution is short-term tax-free municipal bonds. Check out the5 Reasons Why. Putting Capital to Work in Commodities for the Long Term This week we saw a continued selloff in energy stocks and a slump in commodity prices, specifically oil. In light of this, I’ve highlighted some key points I made duringlast week’s webcastthat might offer our investors some

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Wednesday, October 01, 2014

We’re in an Economic Neverland

Dan Steinhart, Managing Editor, The Casey Report, brings us an essay fromBill Bonner: He’s written a wonderful essay explaining why suppression of interest rates will, without question, wreck the economy. What I like best about Bill is how he explains things. It’s never some fuzzy academic theory. He draws everything back to the real world. For instance, Bill doesn’t know if he should invest $400,000 to upgrade some apartments. Sure, itlookslike a good idea, but only because borrowing money costs virtually nothing right now. Everything looks like a good investment when you can finance it with free money. That’s the problem. This piece

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Koos Jansen: China aims to exceed U.S. in gold reserves

Dear Friend of GATA and Gold: The president of the China Gold Association, gold researcher and GATA consultant Koos Jansen discloses today, argues that China should accumulate gold reserves greater than those of the United States because gold is a strategic asset, money without counterparty risk. The associations president, Song Xin, adds that a gold bank should be established by China to break the barrier between the commodity and monetary world. It can further help us acquire reserves and give us more say and control in the gold market. Jansens report is headlined China Aims for Official Gold Reserves at 8,500 Tonnes and

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Tuesday, September 30, 2014

Greenspan: Gold is the ultimate money and China well might want more

Golden Rule: Why Beijing Is Buying Alan Greenspan,Foreign Affairs,Council on Foreign Relations, New York writes:Monday, September 29, 2014 If China were to convert a relatively modest part of its $4 trillion foreign exchange reserves into gold, the countrys currency could take on unexpected strength in todays international financial system. It would be a gamble, of course, for China to use part of its reserves to buy enough gold bullion to displace the United States from its position as the worlds largest holder of monetary gold. (As of spring 2014, U.S. holdings amounted to $328 billion.) But the penalty for being wrong, in terms

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Saturday, September 27, 2014

5 Reasons Why Short-Term Municipal Bonds Make Sense Now

Frank Holmes,CEO and Chief Investment Officer,U.S. Global Investors writes: Last week Federal Reserve Chairwoman Janet Yellen insisted that record-low interest rates will stay as they are for a considerable time. So what does that mean for bond investors? Many people realize that rising interest rates affect yields and prices, but what others might not know is that if you stick closely to short-term, investment-grade debt securities-the very kind ourNear-Term Tax Free Fund (NEARX)invests in-the impact of such a rate hike is not as dramatic as some investors might think. As you can see in the chart below, NEARX has been a steady grower

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Friday, September 26, 2014

Gold and Silver Disaggregated COT Report (DCOT) for September 26

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 26, 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 23, 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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Wednesday, September 24, 2014

Gold Sentiment – How Bad Is It?

Dan Popechu After the original drop in gold price from the top of $1,920 per ounce in 2011 to $1,180 per ounce in 2013, gold has started a sideways consolidation triangle pattern. Is this a correction, or is it just a pause within a move that will retrace the whole move since 2009? What does sentiment tell us? The gold market is a very opaque one and very hard to analyse. The amount of gold exchanging hands outside the markets is enormous. China seems to continue buying in a very discrete way and shows regularly, through speaches but also actions, that it considers

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Tuesday, September 23, 2014

Precipitate Drills Discovery Hole Containing 13.4 g/t Gold Over 5.0 Metres within 18.0 Metres of 4.5 g/t at Ginger Ridge

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 23, 2014) -Precipitate Gold Corporation(the Company or Precipitate) (TSX VENTURE:PRG) is pleased to announce results for its maiden drill program at the Ginger Ridge Zone within the Companys 100% owned Juan de Herrera project in the Tireo Gold Camp in the Dominican Republic. The six-hole 1,193 metre (m) diamond drill program targeted surface geochemical anomalies and near-surface geophysical induced polarization (IP) anomalies in the central and southern areas of the Ginger Ridge Zone. Drilling succeeded in returning a significant gold discovery hole and identified a new gold-rich VMS system that remains open in all directions. See the attached

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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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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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