Vulture In Review

Saturday, September 13, 2014

Pento - Why Goldman Sachs Is Wrong On Gold

More from Michael Pento in a note to KWN...Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year. However, it is now doubling down on this view and advising clients to go short the metal. Jeff Currie, head of commodity research at Goldman, wrote, “Our target is really driven by the view that we think that the Fed will ultimately be the dominant force here and put more downward pressure” on gold prices. While I agree with Goldman that the Fed will be the dominant force behind the price of gold, I

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Managed Money Shorts Silver Futures

This is the graph for theManaged Money shorts only. It goes with a comment in the public forum section of GGR. Comment the chart goes with: http://www.gotgoldreport.com/2014/09/speculator-insurance-shorts-and-swap-dealer-shorts-likely-to-spark-a-counter-rally-in-gold.html#comment-6a0120a6002285970c01b7c6df5fb2970b

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Friday, September 12, 2014

Cashin – Deflation Keeping Central Bankers Up at Night

The CNBC set up for this brief video of Art Cashin of UBS reads: Discussing pressure in the commodity complex, and whether the market is headed into a deflationary cycle, with Art Cashin of UBS, and CNBC's Bob Pisani. CNBC

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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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Koos Jansen -- India's June Gold Import Highest in 12 Months

Koos Jansen is a keen observer of the precious metals biz in Asia. He writes for BullionStar.com. Koos begins: Despite the fact the new Indian government, led by Narandra Modi since May, hasnt lowered the import duties on both gold and silver, Indians keep on buying precious metals. Despite the fact we already knew this, there was less gold being smuggled into the country and more imported through official channels last June; 77 tonnes were gross imported, which is up 48 % from a month earlier, and up 75 % from June last year. This was accompanied by falling premiums. Gross export in

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Thursday, September 11, 2014

Draghi Says Government Spending Could Help Eurozone Economy

Jack Ewing reports for The New York Times ... Mario Draghi, the president of the European Central Bank, on Thursday stepped up pressure on countries like Italy to improve the climate for business. But he also said there was room for governments to use public spending to reinvigorate the stalled eurozone economy. Speaking in English in Milan, Mr. Draghi both amplified and clarified themes he raised last month during a speech in Jackson Hole, Wyo., in which he surprised many Europeans by appearing to step back from the E.C.B.’s longtime insistence that countries focus above all on reducing budget deficits and debt.

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Belo Sun Closes $6.5 Million Private Placement

TORONTO, ONTARIO--(Marketwired - Sept. 11, 2014) - Belo Sun Mining Corp. (TSX:BSX) (the Company or Belo Sun) has closed its previously announced non-brokered private placement financing (the Offering) of 30,952,381 common shares of the Company (the Common Shares) at a price of$0.21 per Common Share for proceeds to the Company of$6,500,000. Belo Sun intends to use the proceeds of the Offering to advance the feasibility study and installation license application at the Companys Volta Grande project in Brazil and for general working capital purposes. About the Company Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused

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Columbus Gold Drills 4.48 g/t Gold over 38.6 Meters at Montagne d'Or Gold Deposit

VANCOUVER, BRITISH COLUMBIA, Sep 11, 2014 (Marketwired via COMTEX) -- Columbus Gold Corporation (CGT)(otcqx:CBGDF) is pleased to announce an exceptional drill intercept of 4.48 g/t gold over 38.6 meters from its 100%-owned Montagne dOr gold deposit, Paul Isnard Project, in French Guiana. Columbus continues to deliver excellent drill results from Montagne dOr, with this latest result from hole MO-14-167 which is located 570 meters from the recently announced intersection in hole MO-14-164 of 3.15 g/t gold over 33.5 meters, commented Robert F. Giustra, Chairman and CEO of Columbus Gold. These two holes perfectly demonstrate the considerable potential of the deposit, and its propensity

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Wednesday, September 10, 2014

Rickards - A Win-Win Scenario for Gold Investors

Jim Rickards writes: Volatility and price drops may be nerve wracking, but the bull market in gold is far from over. In fact, it has barely begun. To understand why, it helps to look at two prior episodes in the relationship of gold and money that are most relevant to today. These episodes were a period of extreme deflation, the 1930s, and a period of extreme inflation, the 1970s. History shows that gold does well in both conditions. Commentators frequently observe that we are experiencing “price stability” or “low inflation” based on the fact that the consumer price index has averaged 2% over

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Louis James Interviews Ron Parratt

Casey Research’s Chief Metals and Mining Strategist Louis James interviews Ron Parratt, Executive Chairman of Renaissance Gold Inc. Longtime GGR members will know Ron’s name from our involvement with AuEx Ventures and later Fronteer Gold. We deem the video worthy of our readership’s time. Thanks to the Casey team for the excellent content. Video, about 13 mins. Below the video is a direct link to another interview with Ron Netolitzky, for those with the time and appetite.

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Louis James Interviews Mark O’Dea

Casey Research’s Chief Metals and Mining Strategist Louis James interviews Pilot Gold Chairman Mark O’Dea. Mark is a serially successful dealmaker in the mining biz, including Fronteer Gold, which O’Dea oversaw the sale of to Newmont for $2+ billion in 2011. Video, about 13 mins. Worthwhile for our GGR readership. Thanks to the Casey team for the excellent content.

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Louis James Interviews Andy Wallace

Casey Research’s Chief Metals and Mining Strategist Louis James interviews a living legend in the Nevada gold fields, Andy Wallace. Worthwhile for our readership interested in SRCs. (Small resource companies.) Video, about 14 mins.

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A Historic First: Bank Of Japan Monetizes Debt At Negative Rates

Zero Hedge reports... First, Europe infamously shifted to a NIRP and now Japan has begun NIRP monetization.As WSJ reports, Tuesday marked another milestone in the topsy-turvy world of monetary easing in Japan:The Bank of Japan bought short-term Japanese government debt at a negative yield for the first time. In the understatement of the decade, one Japanese bank strategist noted, The BOJ probably didnt expect this would happen, andT-bill rates staying negative should be a cause of concern for them. The BoJs decision to scoop up these negative-yielding bills appears to confirm they will meet the QQE-buying demands no matter what the cost (to

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The Canadian Investor Conference - September 25, 2014

The Canadian Investor Conference is the only place in Canada where the top investment opportunitiesavailable to Canadians hit the big stage. Discovertop performing venture companies andlistentoTorontosthought leaders and most influential investors.

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Pilot Gold reports 6.16 g/t Gold over 45.7 metres at Western Flank target, Kinsley Mountain

Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report highlights from ongoing drilling and an update on other activities at the Kinsley Mountain Project in eastern Nevada. Since the kick-off of the summer drilling program, a total of 16,772 metres in 16 core and 29 RC holes has been drilled to date, with assays pending for 5 holes.

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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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