Got Gold Report: Vulture In Review

Vulture In Review

Wednesday, June 19, 2013

Powell to Gartman - 'Thanks for the Compliment'

GATAs Chris Powell writes: Commodity letter writer Dennis Gartman (http://www.thegartmanletter.com/) today acknowledges that the gold market well may be manipulated by governments but asserts that he doesnt care. He also completely misconstrues GATAs position and urges us to give up on the manipulation issue. Gartman writes: Concerning gold, weve angered the bugs once again by selling gold against purchases of crude oil and equities, fearing that gold looked vulnerable and noting that the gold/crude oil ratio looked even more so. We are amused and bemused by the vehemence and vitriol that the bugs bring forth when we turn even modestly bearish of gold,

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Former Fed Gov Meyer - Obama Fired Bernanke on Charlie Rose Show!

“This is really remarkable. I almost fell off my chair when I heard the president’s remarks last night. He essentially fired Ben Bernanke on the spot and gave him a fairly tepid testimonial afterwards. So it’s time to really now focus on who the next chairman might be,” – Laurence Meyer, former Fed governor and CNBC guest in the video clip below. Meyer was reacting to the Charlie Rose interview from June 18 on CBS. Video Source: CNBC http://video.cnbc.com/gallery/?video=3000176791 GGR comment: Weakest interview yet for the Prez in our opinion. Not very confidence inspiring. Good job by Charlie though – to help the

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Tuesday, June 18, 2013

If Bernanke really shakes tree, half the world may fall out

The following is brought to us by our friends at GATA: Ambrose Evans-Pritchard, The Telegraph, London writes:We no longer have a free market. The worlds financial asset prices have become aplaything of central banks and the sovereign wealth funds of a few emergingpowers. Julian Callow from Barclays says they are buying $1.8 trillion worth of AAA orsafe-haven bonds each year from an available pool of $2 trillion. Nothing likethis has been seen before in modern times, if ever.

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Free Video Event - Gold Dead Cat or Raging Bull?

Tuesday, June 25, 2013, 2:00 p.m. Eastern In April of this year, we saw one of the most violent moves ever in the history of paper gold. Despite weakness in gold prices, demand for physical gold is running at all-time highs. Case in point: on April 17 the US Mint reported its biggest single day for sales of its gold coins in history. To explore this perplexing disparity between the falling price of gold and record physical demand, Casey Research has partnered with TheStreet.com as cohosts of an extremely timely and informative video event: In what promises to be a fascinating mash-up of

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Monday, June 17, 2013

Comstock Metals Featured in a Recent Gold Report

Comstock Metals was recently discussed in an interview with Brien Lundin, editor of Gold Newsletter, and The Gold Report (June 12, 2013). To read the full interview, please clickhere or see below for an extract from the interview. The Gold Report: You also watch companies in the Yukon. The latest Yukon gold rush, which started in 2009, brought high expectations that havent been fulfilled. Can you give us an update? Are there some exploration opportunities that have stood the test of time? Brien Lundin: When the Yukon erupted with Underworld Resources Inc.s Golden Saddle discovery, Gold Newsletter was the only publication to recommend

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True Gold reports results of AGM voting

VANCOUVER, B.C. – True Gold Mining Inc. (TSX-V; TGM) (“True Gold” or the “Company”) is pleased to announce the results of voting at its Annual General Meeting of Shareholders (“AGM”) held Monday, June 17, in Vancouver, Canada. Shareholders voted in favour of all items put forward by the Board of Directors and management. All eight individuals nominated for the board of directors – Dr. Mark O’Dea, Dwayne Melrose, Michael McInnis, Richard Bailes, Donald McInnes, Nolan Watson, Robert Martinez, and Robin Merrifield – were elected.

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Biderman – Global Currency Debasement means Gold to Stay in Trim Tabs Model Portfolio

Trim Tabs founder and CEO Charles Biderman says the yo-yo like volatility of stock and bond prices is directly connected to central banks money printing and its heroin-like properties with investors. Specifically the fear of stimulus withdrawal. “Investors globally have become addicted to newly created free money ever since (2009). Therefore when Federal Reserve chairman Ben Bernanke intimated on May 22, that the free money will “taper,” the markets have been acting similarly to how heroin addicts would respond if they knew that their drug would not be available soon,” Biderman begins. The float shrink guru then turns to recently rising interest rates.

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Gurwitz – Gold Nearing a Multi-Cycle Bottom

Mike Norman sat down with David Gurwitz, managing director of the cycle gurus at Charles Nenner Research on May 24. The Nenner method relies on the study of cycles and the sine waves they create in charts. Gurwitz sees gold as “very near a cycle bottom,” the falling price of copper as evidence of a “not so good economy” and large cap equities currently topping. Gurwitz sees the Dow losing 60% of its value before the next cycle bottom. Transcript and video at this link. http://www.hardassetsinvestor.com/videos/4834-video-charles-nenner-researchs-managing-director-says-stocks-will-drop-more-than-60-over-next-7-years.html?showall=fullart=1start=3

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On This Day in 1933

Christopher Westley , The Circle Bastiat, Reflections on Austrian economics and the science of liberty, writes: You were considered a hoarder and a slacker if you still resisted turning over your gold to the government. From the New York Times, June 13, 1933: (Click on the image for a sharper picture.) Roosevelt had only been in office for 101 days and while there was broad bipartisan support for inflationary policies in Congress, it’s safe to say that most of those who voted for FDR never expected him to confiscate private holdings of gold coins, bullion, and certificates. Roosevelt called the measure a temporary

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Kaminak Drilling Confirms High Potential at Connector Zone and Extends Supremo T2 Zone 750 metres Along Strike to Join with Latte

Vancouver, B.C. – Kaminak Gold Corporation (KAM: TSX-V) today announced results for 37 drill holes from the ongoing 2013 drilling campaign at the Coffee Gold Project, Yukon Territory. Drilling successfully intersected gold mineralization in 32 out of the 37 drill holes and identified new, shallow, predominately oxidized gold-bearing structures within the Supremo-Latte area which is host to the majority of the 3.2Moz NI 43-101 Inferred Mineral Resource Estimate consisting of 64 million tonnes grading at 1.56 grams per tonne gold

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Sunday, June 16, 2013

Free Online Video Event - Gold: Dead Cat or Raging Bull?

Join an exclusive, free online event: GOLD:Dead Cat or Raging Bull? featuring: Eric Sprott, Founder and Chairman of Sprott Inc. Jim Cramer, host of CNBCs Mad Money and chairman ofTheStreet.com Steven Feldman, co-founder and CEO, Gold Bullion International Rob McEwen, Chairman and CEO McEwen Mining Inc. Doug Casey, Chairman of Casey Research Jeff Clark,Senior Editor of Big Gold FreeOnline Video Event: Tuesday, June 25, 2013, 2:00 pm ET REGISTER NOW These experts will go beyond the headlines and reveal what their sources say is really going on with gold: Is gold likely to drop further or make an aggressive comeback in the near

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Friday, June 14, 2013

Bud Conrad - JP Morgan COMEX Gold Stocks in Deficit?

GGR comment: The subject of the piece below has been over sensationalized by some observers on the Web, but we thought Bud Conrads account below fairly even handed, well researched and worthy of sharing.

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GGR Chart of the Week

GGR Chart of the Week (XAU monthly) The Philly Gold and Silver Index (XAU) has strongly oversold gold. As of May we argue the XAU had discounted the gold price back to 2003 levels, or an equivalent gold price between $400 and $500 the ounce. Gold is currently trading more than $900 higher than that, of course. More...

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Strangulation by Regulation

An Open Letter to the Canadian Mining and Mineral Exploration Industries from Joe Martin, Chairman – Cambridge House International Inc. Can the Junior Companies listed on Canadian exchanges survive this “Double Whammy?” Venture companies listed on the Toronto Venture Exchange are facing a “Double Whammy”, something that the industry has never faced before. Current market conditions have made it almost impossible to raise capital. Regulations being imposed on raising venture capital in Canada may well make it impossible for any venture company to survive, even if, or when the taps for capital turn on. Cambridge House is asking everyone in the business to

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Thursday, June 13, 2013

Yardeni - QE Goes from Win-Win to Lose-Lose

Dr. Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, Inc. wrote on June 5: First, lets note that when the Nikkei and the DJIA are put on the same chart with the same scale and the same timeline starting in 2009, they tracked each other very closely during the first year of both their bull markets from March 2009 to April 2010.The Nikkei bottomed at 7054 on March 10, 2009. The DJIA bottomed at 6547 on March 9 of that same year. They both rose to just over 11000 during April 2010. They started to diverge after that, with the Nikkei

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