Beiträge von bullionbulls

The Real Truth on U.S. Phantom-Jobs

In many previous commentaries I have lamented the fact that the “statistics” produced by the U.S. Bureau of Labor Statistics are now so severely doctored as to have lost almost any relevance or analytical value. With mere “exaggerations” we can at least estimate points of reference and then proceed with analysis. However, the fabrications produced by the BLS have severed virtually any connection to the real world.

Where we can still find some small analytical value in these numbers is to compare the differences in the BLS’ (revised) aggregate numbers with the “headline” lies it has been dispensing each month. Unfortunately, the revised aggregate numbers only provide us with data up to the end of 2010, however we can still reach some interesting conclusions based upon the available numbers.

The U.S. propaganda-machine tells us that the “Great Recession” ended in March 2009, while the BLS has been reporting monthly “job gains” in nearly every report since that time. As a matter of simple arithmetic, if the U.S. economy began adding jobs in the Spring of 2009 (and the job losses had supposedly eased in the months immediately prior to that), then when we looked at the total number of employed workers in the U.S. (as calculated by the same BLS) we should have seen the year-over-year numbers turn positive no later than the end of 2009.

This is not what the BLS’ own data indicates. In its own “Comparison of All Employees” (seasonally adjusted) we see that December of 2009 marked the absolute bottom for total employment in the U.S. In other words, during the first eight months of “job creation” during this supposed “economic recovery” the U.S. economy lost more jobs on a net basis...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

The Phony Argument Against Debt-Default

As the next chapter of the “made in Wall Street” Euro debt-crisis unfolds, and the inevitability of debt-default becomes more and more obvious, the arguments of the banksters and their stooges in the media grow increasingly absurd (and desperate).

Currently, it is now obvious that Greece has missed all of its “fiscal targets”, and as many (including myself) have guaranteed, all that the new economic numbers show is that this (suicidal) “austerity” is pushing Greece closer to debt-default – and rapidly so.

In attempting to postpone the inevitable, greedy bankers and media shills have consistently presented a false argument against debt-default. They “warn” that if Greece defaults on its debts that Greece’s government will be “cut-off from further access to debt markets”. What these dishonest “Chicken Littles” fail to add is that the only reason that Greece’s government “must” have access to foreign credit markets is to borrow more money to pay interest on these debts.

Quite obviously, if (when) Greece’s bankrupt government defaults on its bond-debt, then the #1 reason/need for using those foreign credit markets will be gone: to borrow more money simply to pay interest to bond-parasites. When we accompany this premise with the obvious point that much of this bond debt is fraudulent, then defaulting on such debt is not only the most economically advantageous path for Greece’s government to take, but also the only morally just one...

Full commentary: http://www.bullionbullscanada.…nal-commentary&Itemid=133

Hyperinflation Warning for U.S.

By now, most informed readers have at least a general understanding of the concept of “hyperinflation”. It is the exponential increase in the prices of goods, directly caused by the collapse of the currency in which those prices are denominated. Thus, when the United Nations issued a warning last week of a possible “crisis of confidence” and/or “collapse” of the U.S. dollar, this was also a direct warning of the imminent risk of hyperinflation in the U.S. economy.

There is nothing surprising here. Many prominent voices have been warning of the increasing inevitability of U.S. hyperinflation, beginning with Shadowstats economist John Williams, nearly a decade ago. However, when a myopic institution like the UN is now openly warning of the “looming risk” of the collapse of the U.S. dollar, then clearly the parameters have become desperate, indeed.

While many have some general familiarity with the concept of hyperinflation, few yet comprehend that the unique characteristics of the U.S. economy first make it more vulnerable to hyperinflation than any other developed economy; and second, would make any episode of hyperinflation inside the U.S. far more devastating than should the same fate befall any other developed economy...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

The Myth of China’s Ghost Cities

The American media has done a wonderful job of ignoring the growing urban blight of most big cities in the United States. In many of the larger urban populations, the “inner cities” are poverty-filled, crime-filled wastelands – nearly uninhabitable. These ghettos are used to warehouse vast numbers of the U.S.’s rapidly growing minority groups.

While the U.S. media brags about the “favorable demographics” of the U.S.’s growing population (compared to much of Europe and Japan), here is the reality: almost all of the “population growth” in the U.S. is occurring among these same “minorities”.

Not only does the vast majority of this ethnic population live near or below the poverty-line, but this segment of the population suffers from a 50% high school drop-out rate. And these “minority groups” are set to become the majority of the U.S. population some time over the next 20 to 30 years. This occurs at a time when all of the good “blue collar” jobs have disappeared in the U.S., meaning that much of if not most of this segment of the population has no realistic prospect of ever escaping the poverty-trap. Obviously, the U.S.’s inner-city ghettos can only continue to grow, and spread across its cities like a cancer.

Then there are the “ex-urbs”. During the made-in-Wall-Street housing bubble, clusters of “monster homes” mushroomed all around many U.S. urban centers. Too distant to be classified as “suburbs”, they were dubbed “exurbs”. These housing units were built based upon the premises of steadily rising wealth/income levels among middle-class Americans, and permanent, cheap gasoline – to fuel the 100+ mile round-trip daily commutes in their gas-guzzling vehicles.

In other words, these homes were obsolete before many of them were even built...

Full commentary: http://www.bullionbullscanada.…nal-commentary&Itemid=133

The Price-Myth Regarding U.S. Foreclosures

In doing some reading on the continuing meltdown of the fraud-saturated U.S. housing sector, I read an interesting observation (unfortunately I failed to note the author). The writer pointed out how the habit of media propagandists in referring to prices paid to purchase foreclosed properties as “discounts” was logically indefensible, and I realized this was a point upon which an entire commentary could be based.

In fact, it is a matter of basic economic theory that it is the prices paid for these “marginal purchases” which tend to set the prices for the entire market. Put another way, when a potential buyer is looking at homes (and home prices), that buyer is not going to base what he/she is willing to pay based upon the highest prices paid in a particular market, but rather on the lowest purchase prices.

Thus the prices paid for foreclosed properties in various U.S. housing markets do not represent the “discount price” in a particular market, but simply the new price (for all homes in that market). This is true even when we are viewing markets where foreclosure sales are ‘merely’ a sizable minority of all purchases. Nationally, foreclosure sales have accounted for close to 30% of home sales – a very “sizable minority”. However, this argument becomes much stronger still when we look at the worst of the U.S. housing markets – where foreclosure sales are approaching or already represent a majority of all sales.

As a CNN piece disclosed, in Las Vegas, foreclosure sales now account for 53% of total sales of housing units. Obviously, in Las Vegas the foreclosure market is “the market” for homes, and it is the non-foreclosure sales which are the minority. Thus when propaganda outlets like Realty Trac write that “the average discount for REO [bank-owned] properties is 35%”, this is a complete myth. The reality (when we reverse the arithmetic) is that the average non-foreclosed home in the U.S. is being priced at a 50% premium above the real price...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Look For Early ‘Fall Rally’ In Precious Metals

I have argued in a few previous commentaries that there are no longer real “seasons” in the precious metals sector, at least not the same, rigid patterns which were previously in place in this market for a considerable number of years.

The annual “cycle” for the precious metals sector would begin in the fall, with the commencement of important Indian religious festivals. As many/most know, India has been (by far) the most prolific buyer of precious metals for many years. However, the explosion in precious metals buying in China (due in large part to a rapid loosening of government restrictions on ownership and trading) means that China is in the process of passing India as the new #1 market for gold and silver.

In previous years, as the Indian religious festivals came to an end, its “wedding season” began – an even more traditional time for the buying and giving of gifts (generally of gold). This meant that the “strong season” for precious metals was typically from early in September to early in April, with the possibility of mini-corrections in between – during lulls in Indian demand and/or an escalation of bankster manipulation in the sector.

This “strong season” for gold meshed with the general market tendency to “sell in May, and go away”, a market axiom based solely on the fact that more traders are on vacation during that period of the year – and thus volume (and volatility) tend to diminish considerably. This pattern often led to a significant sell-off in late spring, followed by a four month trough before the next “cycle” began....

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Silver: High Prices ‘Cure’ Depleted Inventories

...As the title of this piece states, “high prices cure depleted inventories”. However, brevity prevented me from stating this in more absolute terms: high prices are the only way to restore equilibrium to any market where there are depleted inventories (i.e. inadequate supplies). This obvious corrective mechanism functions in two manners.

High prices not only stimulate greater supply/production, they also dampen demand/consumption. Similarly, low prices are the only way to restore equilibrium to a market where there is too much inventory (i.e. excess supply). In this respect, the U.S. housing market is the mirror image of the silver market.

In the fraud-saturated U.S. housing market, the government has tried everything in its power to prevent U.S. residential housing prices from falling to their true value (a long way below prevailing prices). They have tried countless bogus gimmicks, half-hearted government initiatives and an enormous amount of lying to try to “pretend” their way to a “bottom” in the U.S. housing market.

The problem is that as soon as we factor in the massive “shadow inventory” of this market, we still see a housing market with (much) more inventory than at any time in history. And as we are seeing as this market resumes its descent, the laws of supply and demand function very similarly to the laws of physics (i.e. gravity) – with the exception that in economics it is possible to temporarily delay the inevitable consequences of these parameters...

Full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Q1 Gold Numbers Show Growing Strength

After a full decade, how does the bull market in gold look in the first quarter of 2011? In a nutshell, better than ever.

Simply put, all of the fundamentals strengthened for the gold market in the first quarter of this year, completely rebutting all the nonsensical propaganda which has recently appeared in the media about “tops” or “bubbles”. Skeptics will counter that these numbers only go to the end of March, while the price action (i.e. manipulation) which brought out the latest wave of “Chicken Littles” in this sector didn’t hit until the beginning of May.

Sadly, this means I need to once again explain why price-action is nearly totally irrelevant to any analysis of this sector. A large segment of the professional financial investment community remain so grossly under-educated that they still are incapable of grasping that price movement is not a “fundamental” upon which you can base an analysis. In the best case, it is merely a consequence (or “derivative”) of those fundamentals.

Even in a perfect world, where price action is a direct derivative of fundamentals, such derivative-based analysis is inherently less reliable – as it incorporates a much larger margin of error than genuine, fundamentals-based analysis. However, the world we live in is far from “perfect”.

In order for price to have any “fundamental” value at all as a tool of analysis, a long list of assumptions must all be true. It is an iron rule of statistics that where (any of) these assumptions are violated, the analysis is worthless. At the top of this long list are: “free and open markets” and “perfect information”...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Deutsche:

Q1 Gold Zahlen zeigen wachsende Stärke

...Im Jahr 2010 Zentralbank "Verkauf " von Gold total eingeengt, während die Banken die Lieferung von Gold um fast 90 Tonnen entleert. In diesem Jahr, dass insgesamt wurde kürzlich in einer einzigen Transaktion, überschritten werden, wenn Mexikos Zentralbank den Kauf von mehr als 90 Tonnen Gold angekündigt, und zusammen mit dem kumulierten Kauf von mehreren anderen Zentralbanken, kann diese neue Nachfrage nun erwartet, belaufen sich auf sein Hunderte von Tonnen pro Jahr.

Es ist unmöglich, die Bedeutung dieser Umkehrung des Trends der Zentralbank Verhalten überbewerten. Das gleiche Finanzinstitute, die alle unsere Papiergeld drucken (und somit vermutlich seinen wahren Wert zu verstehen besser als jeder andere) haben jetzt eine eindeutige Präferenz für Goldbarren über ihre eigenen Währungen Papier.

Selbst mit all den anderen bullish Grundlagen für diesen Sektor gibt es keinen besseren Grund, unsere Banker-Papier für Gold als Swap...

Volle Kommentar: http://translate.google.com/tr…ry%26Itemid%3D131&act=url

The Silver Take-Down: Anatomy of a Crime

As we witnessed the entirely illegitimate take-down of the silver market by the CME Group (the private corporation which operates New York’s “Comex” exchange), perhaps what was most appalling through this episode was the gross negligence of the mainstream media in reporting on this event.

To illustrate this negligence, I must start by doing what the mainstream media refused to do: examine the fundamentals of the silver market. At the time that the CME Group launched its attack on the silver market (on behalf of the bullion-banks it serves), the price of silver was approaching $50/oz. Let’s ignore the fact that silver’s sudden spike toward $50 was caused by the short-covering of JP Morgan, because even at $50/oz it is unequivocal that silver is still seriously undervalued.

It is possible for us to say this regarding the silver market because unlike any other “hard commodities” on the planet, we have price data for gold and silver going back nearly 5,000 years: the gold/silver price ratio. The original gold/silver price ratio was 13:1. This was in honour of the fact that gold was deemed to be the Metal of the Sun, while silver was deemed the Metal of the Moon – and there were thirteen “moons” for each cycle of the sun (i.e. a year).

With silver occurring as an element in the Earth’s crust at roughly a 17:1 ratio versus gold, while this price ratio wasn’t perfect, it was a very good approximation. Indeed, the fact that the gold/silver price ratio has averaged roughly 15:1 over the thousands of years since that time demonstrates how good a job our ancient ancestors did at pricing these metals.

Conversely, in our corrupt, modern markets, regulators and administrators claim that the price ratios for commodities can be whatever arbitrary numbers they fabricate – irrespective of the actual economic fundamentals for that commodity. Meanwhile the clueless shills in the media simply parrot this nonsense...

Full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Deutsche:

Die Silver Take-Down: Anatomy of a Crime

...Es ist einfach nicht plausibel, dass die CME Group konnte die berechtigten Annahme, dass Silber "überbewertet", wenn er seine Attacke startete am Silbermarkt war gehalten haben. Es ist mit diesem unausweichlichen Schlussfolgerung, dass wir jetzt sehen können die Aktionen der CME Group: und seine fünf Wanderungen in Margin-Anforderungen in weniger als zwei Wochen.

Der springende Tatsache ist, dass nach der ersten Wanderung in Margin-Anforderungen, der Preis von Silber war bereits Talfahrt niedriger - in die entgegengesetzte Richtung durch Fundamentaldaten des Marktes diktiert. Hätte die CME Group stellte ihre manipulative Aktivitäten an diesem Punkt könnte es noch (glaubhaft) beibehalten, es sei "die Verwaltung" auf diesem Markt in einer verantwortlichen Weise. Doch die vier aufeinanderfolgenden Wanderungen nach diesem ersten Schritt vollständig widerlegen jede / alle berechtigten Gründen auf den Teil dieser Einheit.

Wissend, dass sie bereits die silberne Markt völlig gegen die Angebots-Nachfrage-Grundlagen geschoben (in Richtung noch mehr völlig unhaltbar Preise), führte sie zu "Stomp" auf diesem Markt wieder und wieder...

Volle Kommentar: http://translate.google.com/tr…commentary%26Itemid%3D130

Wall Street and the Rise of Vampires

...It is here we see the final parallel between Wall Street bankers, and the modern vampires which populate our current “entertainment”: the complete absence of a sustainable reality. Both the armies of modern vampires and the armies of Wall Street bankers have chosen a path which (one way or the other) must result in their own total annihilation.

In this clash of “good versus evil”, if the vampires “win” then this leaves them free to blood-suck (and kill) their victims with impunity. This inevitably leads to the death of all non-vampires, the eradication of their own food supply, and (finally) the end: where the vampires are forced to feed off of each other – until the last surviving vampire ultimately starves to death for lack of a new host to blood-suck. Naturally, if the vampires “lose” then this also must result in their annihilation, as these predator-parasites are much too dangerous and aggressive for even one to be allowed to go on living (and build a new “army” of vampires).

The paradigm of Wall Street bankers is identical. In our own, real-world clash between “good and evil”, even “total victory” for the Wall Street vampires can only result in their own annihilation. These remorseless psychopaths have already blood-sucked the United States totally “dry”, leaving nothing but a hollowed-out husk of an economy – where literally every niche of the economy (individual, local, state, and federal) is on the brink of outright bankruptcy.

Their “blood” (i.e. their money) is all gone, leaving nothing left for the Wall Street vampires to feed on. Undeterred, these vampires have extended their blood-sucking across an ocean, and (at a national level) they have now nearly blood-sucked the economies of Europe as bone-dry as the U.S., itself...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

As much as investors in gold and silver bullion are seething after the banksters’ latest criminal operation in the silver market, investors in the gold and silver miners have even more reason to be experiencing frustration (if not rage). As is always the case, it is the holders of these equities who have ‘taken it on the chin’ much more than bullion-holders themselves.

This is, in part, a natural consequence of the fact that (as commodity producers) these companies provide “natural leverage” on the commodities they produce. As all experienced investors understand, leverage “cuts both ways”: boosting gains on the way up; exaggerating losses on the way down.

The other half of this equation is that it is easier for the banking cabal to manipulate the prices of (paper) equities than it is to manipulate the bullion-market – where their lying/cheating/stealing requires at least some “physical bullion” to conduct their ambushes. Inevitably, many (impatient) investors simply give up on the miners.

While part of the failure of these investors to stick with these winning investments relates to impatience, the other problem for these investors is that they don’t understand “the big picture”. Just as the bankster raids on bullion markets are what “set up” these markets for their strong moves higher to new price levels, so too do the bankster attacks on the mining sector ultimately pave the way for new, massive rallies for these stocks...

Full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Morgan Stanley/Goldman Sachs Bond Propaganda

What qualifications do you need to be “head of interest rate strategy” at Morgan Stanley? It requires that you must know absolutely nothing about interest rates or economics.

Observe incompetence in action. We are being told by this esteemed “expert” (and echoed by the “experts” at Goldman Sachs) that a “slower-than-forecast pace of inflation” and slower economic growth will translate into higher prices for U.S. Treasuries.

Let’s take these parameters and apply them to the real world. First of all, in the real world inflation is rapidly accelerating, so we can begin with the fact that this is (at least in part) another exercise in fantasy. However, for sake of argument let’s assume that this nonsense is actually valid.

With banker money-printing and government borrowing running at (by far) their highest rates in history, this is supposed to provide enormous stimulus for all of these economies. In other words, if there was even the tiniest semblance of health in these economies, then after three years of insane money-printing, near-zero interest rates, and record-deficits all of these economies should be ‘over-heating’.

The fact that with even the most extreme stimulus in history (by a factor of ten), all of these Western economies are reporting either very anemic growth or even sporadic contractions (as occurred in Canada’s economy in February) shows that these economies are ‘sicker’ than they have ever been at any time in modern history (including the Great Depression)...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

The New ‘Operation’ In The Silver Market

If there was one element of surprise in the latest take-down in the silver market by the bullion-banks it was that they dredged-up the corpse of Osama Bin Laden as another “tool” for their manipulation. Indeed, the most likely reason for the absurdity of “burying him at sea” was to make sure no one saw the body (skeleton?) – and the weeks or months (or years?) of decay while the U.S. government waited for the ideal propaganda window for the announcement.

It is clearly a sign of either the importance which the banksters place in capping the silver market or their vulnerability/desperation that the bankers (and the U.S. government which serves them) could not think of a better ‘use’ for Bin Laden’s corpse than to manipulate the silver market.

The fact that this ambush was launched at this particular time isn’t in any way surprising. Rather, it would have been an enormous surprise if they had not made such an attempt. The parameters are very straightforward. The $50/oz mark is the last “resistance” remaining in the silver market – the final ‘line in the sand’ to breach, to mark the defeat of the bullion-banks.

Of course $50/oz (the approximate “top” from the 1980 spike) is not really “resistance”. The $50-bill which purchased an ounce of silver in 1980 was worth well over double the anemic value of a $50 Bernanke-bill today. Thus, in real dollars (which is what we must use for markets to make sense), the current price-barrier is of little significance – other than the psychological significance of this large, round number.

Putting aside the actual parameters, in the phony world of the bankers’ fiat-paper, the $50/oz mark is of enormous importance to them, because it is the last time that their manipulation operations will be aided by any technical “resistance”. The reason that this current attack is as extreme as the banksters could possibly conjure up is that they are desperate to create the appearance of a “crash” as silver approached the $50/oz mark...

Full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

Zitat von Tiberius1

Thank you bullionbulls for your commentary. ... but please recognize, that of course the masses want to be brainwashed by the media parrots (what a nice expression, "media parrots", haha)

Tiberius1, sadly and alarmingly there are "parrots" all through our societies (at least in North America). Even at the time I went through university, it was already an established regimen not to LEARN anything, but merely memorize-and-regurgitate. Thus it is hardly surprising that the media follows that same "model" - given that many of them migrated to this field from university.

Quoting "experts" and parroting buzz-words (versus doing any ORIGINAL research and/or analysis) is not only much easier and safer, but allows the parrots to mistakenly believe that the mere ability to mimic itself somehow confers "expertise" upon them.

Zitat von valueman

Colossus Minerals Drills 7.30 metres at 1494.7 g/t gold, 516.6 g/t platinum and 558.9 g/t palladium in Extensions of Central Mineralized Zone at Serra Pelada, Brazil

Derzeit eine der grösseren Positionen im Depot, wie man sieht zu Recht

Even after seeing some of the HUGE numbers they have come up with previously in their drill results, you still just have to shake your head in amazement when they produce drilling intercepts like this.

I've been adding to my own position here, as my partner (who has a better understanding of the geological/technical issues) tells me that the geology is very "friendly" with respect to extracting these metals. Given that, it's quite possible that the palladium "byproducts" in this ore will cover the cash-costs BY ITSELF - meaning they can pull this ultra-high grade gold and platinum out of the ground for very close to $ZERO...

Fed Press Conference: A New Way To Lie

When I heard the news that the Federal Reserve was going to have a press conference, I was amused. When I heard the accompanying rhetoric that the purpose of the press conference was to make the Federal Reserve “more transparent” to markets, I found that hysterical.

As anyone who knows anything about the Federal Reserve knows, the Fed is the antithesis of “transparency”. The same institution which is about to have its first press conference in its near-one hundred year existence has never been audited. Indeed, the Federal Reserve has not only fought any suggestion of an audit tooth-and-nail, but it fought (all the way to the U.S. Supreme Court) to prevent anyone from learning anything about the $trillions in banker-welfare it has dispensed since 2008.

Given that this press conference has nothing to do with “transparency” (or telling the truth), the obvious question is: what is the purpose of this press conference? The answer is that the Fed needed a new way to lie. For the past five years, the Fed has managed/manipulated media and markets with the most simplistic slogans it could imagine – simple enough so that the mediocre media parrots could be counted upon to brainwash the masses with it.

Indeed, “simple” is an understatement. For five years the Fed’s “message” has been nothing more than a two-word phrase. First it was “Goldilocks economy”. Then it was “soft landing”. Then it was “green shoots”. Then it was “quantitative easing”. Then it was “exit strategy” – with the Fed’s “exit” immediately followed by more quantitative easing...

Full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Having just written a commentary explaining why gold and/or silver “mania” is much more of an imminent event in Asia than in the West, when I saw silver leap more than $2/oz in early, Asian trading on Monday that definitely got my attention.

Silver was then unceremoniously slammed back down by about $3/oz – once Western markets opened and the predatory bullion-bankers went to work. The $2+ move higher was very close to being (in absolute terms) the largest upward move in this entire bull market, to date – likewise the $3+ move lower. It would only be natural for shell-shocked investors to ask themselves “what is the real price of silver?”

Before I get into that topic, I just want to spend a moment to discuss the “surprising” reversal in the silver market today. Obviously the pattern of bullion prices starting strongly (in Asian trading) and then “suddenly plunging” when Western markets open is as blatant as it is absurd.

The simple fact that bullion prices have moved relentlessly higher over more than a decade, while Western bankers have been consistently selling them lower, day after day, week after week, month after month can only lead to one of two conclusions: either Western bankers are grossly incompetent (and never learn from their mistakes); or they have been relentlessly manipulating gold and silver prices lower. On second thought, it is certainly possible that both conclusions are correct...

Full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

The Anti-Climactic ‘Downgrade’ of the U.S.

If we needed any confirmation of what humorless creatures bankers are, we got that today with Standard & Poor’s warning of a “negative outlook” on the credit-rating of the U.S. economy.

Last year around this time, I’ll admit I got a good chuckle when Ben Bernanke played his April Fool’s Day joke on the world, and claimed that he had “finished quantitative easing, and begun the Federal Reserve’s exit strategy”. It was the sort of mad-cap humor Bernanke had previously made famous with phrases like “Goldilocks economy” and “soft-landing”.

However, for April Fools Day this year, what do we get from Helicopter Ben but the exact, same joke. Even worse, it’s been repeated ad nauseum by various other Fed-heads virtually every time one of them comes near a microphone. Only Fed-head Lockhart appears not to have gotten the memo on the “joke”, as he was busy talking about business-as-usual – i.e. quantitative easing to infinity.

Now here we are, a full two weeks past April Fools Day, and Standard & Poor’s belatedly decides to try its hand at humor. Guys, your timing is terrible! And it can’t even be redeemed by the punch-line you threw in, that “it may take until after the 2012 elections to get a proposal that addresses the concern.” In medical terms, this would be like a doctor quipping that he had “concern” for the health of one of his patients – at the patient’s wake...

full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Zitat von LuckyFriday

Der Schreiber scheint recht wütend, und er mag in der Sache ja recht haben. Sein burschikoser Stil ist etwas auffallend..... Es ist aber eine rein statische Betrachtung, für ein Quartal. GPR entwickelt sich noch und hat ja bereits gewaltiges geleistet. Die Topia als junge Mine wird (noch) hohe Cash-Kosten haben, die aber von Quartal zu Quartal herunterkommen werden. Ähnliches gilt für den Minenkomplex in Guanajuato. Also sinkende Cash-Kosten bei steigendem Erlös für das geförderte Silber. Kann man sich als Minengesellschaft etwas besseres wünschen? Ich würde ohne weiteres mit Hr. Archer tauschen.....

Dem Schreiber scheint deshalb teilweise genau das zu fehlen, was er dem Motley-Fool Schreiber vorwirft, nämlich ein tieferes wirtschaftliches Verständnis. Man bekommt den Eindruck, dass sich die beiden kennen.....

Die Börse bewertet u.a. die Zukunft. Das ist eine Binsenweisheit. Das wichtige für mich ist 1. der erreichte turn-around und 2. die blendende Zukunft, so wie es aussieht. Ich warte getrost auf das nächste Quartal. Bei solcher Panikmache muss man sich sehr gut überlegen, ob man die Titel wirklich schmeisst....wenn, dann werden andere sie schon auflesen!

Vattapitta, du kriegst vielleicht ein Chance!

Alles anzeigen

Yes, it is nothing but a "joke" to see "experts" attempt to analyze these companies using "price/earnings ratios", and other entirely irrelevant measurements.

The problem is that all of these suit-stuffers have VERY limited minds, and are only capable of analyzing companies using a single methodology - what we call in English a "cookie-cutter" approach.

There are virtually NO mainstream analysts covering these companies who have ANYTHING useful to say. Investors would be much better off spending their time with their OWN "due diligence", rather than wasting their time reading the opinions of idiots.

This is why our own approach to "mining analyst" is to TEACH people how to invest on their own - so they can cut-out these useless middle-men. And thus we don't "recommend" companies to people. We simply PRESENT them to our readers/members - and then let them do THEIR OWN analysis of what is right for their own portfolios.

What If Precious Metals ‘Mania’ Hits India Or China? Part II

In Part I, I explained in detail why a “mania event” in the precious metals market is much more likely to occur in India and/or China before such mania ever reached Western markets and investors. I also briefly touched on why such an occurrence should be greatly dreaded, if it should occur before the inevitable collapse in the bankers paper, fiat-currencies takes place.

I will now examine how such a mania would likely play-out in these markets. The Indian market for precious metals is somewhat more straightforward, so I will begin there. Any investor with even a modest amount of knowledge about precious metals will already know that Indians are the most-ardent lovers of precious metals on the planet.

Bullion-dealers are almost as common as “corner stores” in Indian cities. The result of having such a deep and established market for bullion is that the “premiums” which buyers must pay to purchase bullion (and the “discounts” for sellers) are arguably the lowest on the planet. With low premiums, wide availability, and an extremely strong cultural attachment to precious metals, the Indian people would be ready/willing/able to much more broadly participate in such a mania event than anywhere else in the world.

Those at the higher end of the income-scale would/could focus their purchasing on gold, while even India’s large peasant population can continue to buy silver (and smaller quantities of gold). However,what separates a precious metals mania from a similar event in any other commodities market is what such an occurrence implies: the collapse of paper money...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131