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$5,000 SILVER?

April 16, 2015
blog.milesfranklin.com
 
By Bill Holter
 
A catchy title this “$5,000 Silver?” don’t you think? Am I crazy? Is this even possible? In who’s lifetime? Ours or our great, great grandchildren long after we are dead and buried? The best way to look at this I believe is to briefly look at silver’s big brother gold and then postulate whether it’s possible or not.
 
To begin, let’s look at what happened in 1980 and why gold traded up to $875 in the first place. As Jim Sinclair has said many times, gold “moved in a manner to cover the value of foreign held debt of the U.S.”. He has also said “$50,000 gold is possible and it may turn out that this figure is far too low”. Before you laugh and start firing spitballs at me or Mr. Sinclair, I remind you of his call of “gold at $1,650 per ounce by Jan. 2011″. He said this when gold was $350 per ounce or so and the year was around 2004 if memory serves me correctly. He was called a nut job and far worse …he was correct in retrospect and off in his timing by about eight months …SEVEN YEARS AHEAD OF TIME!
 
Read More @Original Source

WHERE DO PRECIOUS METALS GO FROM HERE?

April 16, 2015
dollarvigilante.com
 
By Ed Bugos
 

 
I urge you to consider my arguments for investing in gold and silver, and the miners that extract it.
 
I am holding on to my post 2008 forecast for gold reaching $3-5k per ounce by 2017 (and silver reaching $100) because the world’s largest governments continue their plunge into default, and cannot afford to let interest rates normalize if they don’t want to be forced into a rationalization.
 
It may be arguable at what point it became unfeasible in the US to allow the market to drive interest rates. Admittedly, it would be unusual for the market to determine interest rates without interference from the all-knowing bureaucrat at any time, trained as they are in the art of spinning infinite financial verbiage. Yet, since Volcker’s day, it has also become increasingly less feasible even if they wanted.
 
Read More @Original Source

Guess What’s Being Discussed at the New, Secretive Bankers’ Meeting in DC?

April 16, 2015
thewealthwatchman.com
 

 
The Heads of Olympus Meet
 
Many of the shield brothers here will likely remember the closed-door meeting that President Obama conducted with most of the “whose-who” of Wall Street, back in the spring of 2013. The details of that meeting, and its policy decisions weren’t for public eyes, but that’s not the reason why we’d all remember it. Something far more serious would keep this event from falling down the memory hole.
 
After all, it was after that meeting(within one week of it, to be precise) that gold and silver were suddenly riddled with holes! Quickly, and without mercy, the “thunderbolt algos”, took gold’s price through its all-important line of $1,525, and silver down through $26.
 
Here’s exactly what it looked like for gold, on the charts:
 
Read More @Original Source

Silver and Gold Will Thrive Beyond Exponential Growth of Debt

April 15, 2015
deviantinvestor.com
 
By Gary Christenson
 
Consider a few HYPOTHETICAL examples of what we accept as normal:
 
GDP (gross domestic profit) grew by 2.1% this past year.
The US National Debt increased by over 9% this past year.
Sales at XYZ Corporation increased by 27% year-over-year.
Spending on prescription medications increased by 22% this year.
Population increased by 2.3% globally.
Media spending to elect another presidential candidate increased 30% compared to 2012.
Automobile miles driven globally increased by 10% this year.

 
The common theme is that GDP, debt, sales, expenses, gasoline consumption, economic activity and much more increased exponentially. Our world is based on exponential economic growth, exponential increases in spending, exponential increases in population, exponential increases in the extraction of crude oil, and exponential increases in the use of natural resources. This is not sustainable.
 
Consider the example of exponential growth in the US national debt for over 45 years. Like the man falling from the top of the Empire State Building said as he passed the 45th floor, “so far, so good.” But massive, unpayable, uncontrollable debt, like a fall from a 100+ story building, is very likely to end in a crash.
 

 
Read More @Original Source

Will India Melt Down the Hindu God’s Gold?

April 15, 2015
caseyresearch.com
 
By Jeff Clark, Senior Precious Metals Analyst
 

 
Indian Prime Minister Narendra Modi wants to get his hands on the gold in the country’s temples—approximately 3,000 tonnes, more than two-thirds the amount held at Fort Knox—to combat the country’s chronic trade imbalance.
 
He plans to launch a program next month that would “encourage” temples to deposit their gold with banks, in return for interest payments. The government would then melt the gold and loan it to jewelers. The thinking is that this would reduce gold imports, and thus the trade deficit. Gold accounted for 28% of the country’s deficit last year.
 
If successful, gold prices could come under pressure. India represented 17% of total global gold demand last year.
 
Read More @Original Source

The US Dollar Rally Will Crush Stocks Just As It Did in 2008

April 10, 2015
news.goldseek.com
 
By Graham Summers
 

 
The world carry trade for US Dollars is over $9 trillion.
 
In today’s world of monetary insanity, investors seem to forget that $1 trillion is a staggering amount of money. So to put that $9 trillion carry trade into perspective, if it were a country instead of a carry trade, it would be roughly equal in size to the economy of China, the second largest economy in the world.
 
Suffice to say, we’re talking about a truly staggering amount of borrowed US Dollars that have been invested into other assets/ investments.
 
Carry trades only work if the currency you are borrowing in doesn’t rally. As soon as it does, your trade very quickly goes into the red.
 
Read More @Original Source

Many Gold Miners in Dire Straits Despite Costs Cuts

April 10, 2015
mineweb.com
 
By Lawrence Williams
 

 
The latest detailed report on gold from GFMS in London does not make pretty reading for those either running gold mining operations, or investing in them. According to the specialist precious metals consultancy around 50% of the gold mining sector looks to be lossmaking on its own calculated All-in-Costs basis at a $1,200/ounce gold price (see chart below.)
 
GFMS’s 2014 All-In-Costs curve for the main global gold mining operations: The GFMS All-in-Costs parameter, which is even more all-encompassing than the All In Sustaining Costs (AISC) metric, which has become the industry norm for most gold mining company reporting, is intended to represent the ‘stay-in-business’ capital cost, or the expenditure necessary to maintain production at current rates.
 
Read More @Original Source



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