Beiträge von bullionbulls

Zitat von Edel Man

Trader Dan Norcini mit Erklärung: Siehe auch Chartkommentar...

"...Something extraordinary is obviously occurring in silver as it continues to shrug off any selling pressure that has normally been tied to the ?risk aversion? trade. This is the second day in a row in which it has moved sharply higher blowing through chart resistance levels with ease and forcing a huge deal of pain for the shorts.

Edel Man, I always listen very carefully to Dan Norcini, also. For me, he is “the” source for analysis of day-to-day movements in precious metals markets.

So I was also very interested with his thoughts over the past couple of days. Recall that last year it was gold which made a strong move higher, at precisely the same time. Perhaps this year it will be silver which decisively leads gold higher during the (bullish) autumn season?

It certainly provides more evidence of an “invisible hand” taking precious metals higher – despite the worst intentions of Western bankers...

Edel Man, habe ich immer sehr aufmerksam zuhören, um Dan Norcini auch. Für mich ist er "der" Quelle für die Analyse von Tag zu Tag Bewegungen bei Edelmetallen Märkten.

So war ich auch sehr interessiert mit seinen Gedanken in den letzten paar Tagen. Daran erinnern, dass im letzten Jahr war es Gold, das eine starke Bewegung höher, um genau die gleiche Zeit. Vielleicht in diesem Jahr wird es Silber sein, die entscheidend führt Gold höhere während der (bullish) Herbstsaison?

Es sieht sicherlich mehr Beweise für eine "unsichtbare Hand" unter Edelmetalle höher - trotz der schlimmsten Absichten der westlichen Bankiers ...

Here is something which EVERYONE who dares to hold (so-called) "bullion-ETF's should pay attention to:

GLD Director Holds ‘Physical’ Bullion – Not GLD

Regular readers know that I have a strong appetite for famous clichés, and other time-tested “pearls of wisdom”. Among such timeless pieces of wisdom is the old adage that “actions speak louder than words”. It is in that light that I listened with great interest to a BNN interview with Jason Toussaint.

He is the “Managing Director” of World Gold Trust Services. This subsidiary of the World Gold Council is the operator of the massive, “bullion-ETF”, the SPDR Gold Trust – more commonly known by its NYSE symbol: “GLD”. We would naturally expect this GLD executive to be an investor in the gold market, himself. Thus, he was asked at the end of his interview to disclose his own precious metals holdings...

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

(I hope the administrators don't mind that this article was first posted in another section, since I think it also has importance with respect to the gold market.)

U.S. Government Prepares for ‘Crisis’

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

To any who follow my work here, I strongly encourage you to have a look at this particular commentary - as (I hope) it ties together a lot of different points into a coherent analysis.

U.S. Government Prepares for ‘Crisis’

Two months ago, I wrote a commentary reporting that “the second bubble had burst” in the U.S. housing market. Roughly three weeks later, I reported that the U.S. economy had resumed its “crash”. Contrary to the reports of the mainstream media, there was absolutely no “surprise” at all to any of these developments.

I had previously written (in April of 2009) that the U.S. housing market would suffer its next collapse beginning some time in the spring of 2010. As far back as July of last year, I wrote commentaries explaining why the U.S. economy could not “recover”, followed by a plethora of commentaries simply asserting that there was no “recovery”...

...it is a safe conclusion that even such rampant incompetence (combined with a strong “herd mentality”), could not and does not mean that the entire U.S. government remains in an oblivious state of ignorance regarding this re-acceleration of the collapse of the U.S. economy.

This begs an obvious question. Given that at least some elements of the U.S. government have known all along that the U.S. economy was not “recovering” and could not recover, why is it that only now are we hearing of tentative, new plans of more “life support” for the dying U.S. economy?...

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

[sorry, deutsche Übersetzung nicht verfügbar}

Bullion As An Alternative To Shorting, Part III

...any time someone recommends to investors that a single asset-class can be held in lieu of various other investments, then obviously there will be concerns expressed with respect to the concept of “diversification”. Like much market dogma, “diversifying” one’s portfolio is a classic example of an investment “sacred cow” – where financial advisors slavishly adhere to this “principle”, to the point of never even asking themselves why are they diversifying.

In this installment, I will take an explicit look at the concept of diversification, and explain to readers how and why this “Golden Rule” of investing has never been a more dubious investment principle.

To begin with, I will rhetorically ask “why are we supposed to diversify our portfolios?” The answer is simple: no one possesses a “crystal ball”, and thus no market participant can know what will happen in any given market, in the future. This premise is universally accepted without question in the world of investment, and yet I would argue it is strongly contradicted by vast amounts of recent, empirical evidence...

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

Bullion As An Alternative To Shorting, Part II

In Part I, I discussed the world’s largest and most obvious asset-bubble (excluding the derivatives market): the U.S. Treasuries market. While I pointed out that this market was an obvious target for “shorting”, I also explained to readers why there were simply too many risks associated with shorting this opaque, and highly-manipulated market.

I explained that investing in bullion (“long”) was a good “proxy” for shorting U.S. Treasuries, and concluded that this proxy was a safer, superior substitute for that short-position. In this installment, I will apply that analysis to other U.S. asset-classes: the financial sector, and the U.S. dollar, itself.

When Wall Street’s multi-trillion dollar Ponzi-schemes imploded (based upon the U.S. housing-bubble, which they also created), it was common knowledge that the entire U.S. financial sector was leveraged by an average of 30:1. It is a matter of simple arithmetic to observe that with such extreme leverage, it only takes a loss of a little over 3% on the underlying assets to take all “bets” at 30:1 leverage to zero.

Given that most of Wall Street’s leverage was based upon the U.S. housing market, and given that the U.S. housing market plunged by roughly 30% (in its first collapse), you don’t have to be a “mathematician” to figure out that this was ten times the decline necessary to take the entire, U.S. financial sector to zero...

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

Deutsche:

Bullion Als Alternative zu Leerverkäufen, Teil II

...Mit einem Niveau von Markt-Takelage, die alles in den am stärksten gekrümmten Casinos gesehen überschreitet, klar es ist viel zu kurz gefährlichen US Finanzwerte als kurze US-Treasuries. Wieder einmal müssen wir uns fragen: "Gibt es ein guter Indikator" für diese Short-Position?

Wir können diese Frage mit Vorstellungsvermögen, was passieren würde, wenn diese Banken erfolgreich kurzgeschlossen wurden, oder einfach nur bei den einfacheren Szenario aussehen, was, wenn / falls Investoren Wüste diesem Sektor geschehen würde, zu beantworten. Gegenüber US-Treasuries, so scheint es sehr offensichtlich, dass die US-Bank verlassen Bestände und der Suche nach den über den Exodus aus diesem Sektor zu profitieren würden sowohl bullion gezogen werden.

Diese Konkurs-Banken sind noch immer von media-shills als "Blue-Chip"-Aktien abgebildet. So ist es nur natürlich, dass, wenn dieser Wert von Mirage / Stabilität verdunstet ist (wie die US-Wirtschaft in ihrer nächsten Etappe stürzt tiefer), dass es einen weiteren massiven Welle von Anlegerkapital der Suche nach einem "sicheren Hafen" werden. Wie ich bereits festgestellt haben, sind US-Treasuries nicht / kann nicht als ein sicherer Hafen sein, während Gold und Silber, behalten ihren Status (erworben vor über 5000 Jahren) perfekt Erhaltung / Schutz der Anleger Reichtum...

volle kommentar: http://translate.googleusercon…pun6uOsKMEFZ8yqSDqL22ovNw

Zitat von wolfinvest

Ihr Vorwurf: Der Anleihemarkt geht von einem Rückfall der US-Wirtschaft in die Rezession aus. Eingepreist sei zudem eine Deflation. Beides sei derzeit aber noch weit entfernt.
Jeremy Siegel, Professor für Finanzwirtschaft an der Wharton School, und Jeremy Schwartz, Leiter Research bei Wisdomtree, vergleichen die aktuelle Entwicklung auf dem Anleihemarkt mit der New-Economy-Blase. Sie verweisen auf die gewaltigen Zuflüsse in Anleihefonds. Laut dem Investment Company Institute flossen in den Vereinigten Staaten von Januar 2008 bis 2010 rund 559 Mrd. Dollar in den Sektor. Über den selben Zeitraum verzeichneten Aktienfonds Abflüsse von 232 Mrd. Dollar.

Produktivität und nicht Konsum entscheidend

Die Wette auf einen Rückfall der US-Wirtschaft in die Rezession sei riskant, schreiben Siegel und Schwartz in einem Beitrag für das "Wall Street Journal". Entscheidend für die wirtschaftliche Entwicklung sei nicht der private Konsum, sondern das Produktivitätswachstum. In den ersten beiden Quartalen lag es in den USA bei mehr als sechs Prozent. Das sei der höchste Wert seit den 60er-Jahren. Die Aussichten für die Vereinigten Staaten seien besser als gedacht.

There are several economic myths which investors must reject. In addition, no economic “statistics” from the U.S. government are reliable – indeed, most are ridiculous lies. Here are some ideas for people to consider.

1)We can have “inflation” and “deflation” at the same time. Specifically, we can have asset-prices collapsing in value, while food, raw materials, and other basic necessities soar in price.
2)There has been no “economic growth” in the U.S., and no “recovery”. GDP numbers can be grossly exaggerated, simply by understating inflation. In the case of the U.S., it is pretending that inflation is less than 2% when it is actually around 9%. The difference between the two numbers is fake-GDP.
3)The entire U.S. bond-market is a ridiculous fraud. Surely no one believes there are investors stupid enough to pay the highest prices in history for U.S. debt, at the time that there is the greatest supply, and the U.S. gets closer and closer to bankruptcy?

Es gibt einige Mythen, die wirtschaftliche Investoren ablehnen müssen. Darüber hinaus sind keine wirtschaftliche "Statistik" aus der US-Regierung zuverlässig - ja, die meisten sind lächerlich liegt. Hier sind einige Ideen für die Menschen zu prüfen.

1) Wir haben kann "Inflation" und "Deflation" zur gleichen Zeit. Insbesondere können wir Asset-Preise in einstürzenden Wert, während Lebensmittel, Rohstoffe und andere grundlegende Bedürfnisse steigen im Preis.
2) Es hat keine "Wirtschaftswachstum" in den USA gewesen, und keine "Verwertung". BIP-Zahlen maßlos übertrieben werden kann, einfach durch Unterbewertung der Inflation. Im Falle der USA ist es vorgibt, dass die Inflation unter 2%, wenn es wirklich rund 9% liegt. Der Unterschied zwischen den beiden Zahlen ist fake-BIP.
3) Die gesamte US-Bond-Markt ist eine lächerliche Betrug. Sicherlich niemand glaubt, gibt es Anleger dumm genug, um die höchsten Preise in der Geschichte für die US-Schulden zu bezahlen, zu der Zeit, dass es das größte Angebot, und in den USA rückt näher und näher zum Bankrott?

Bullion As An Alternative to 'Shorting', Part I

In a recent commentary, I characterized gold and silver bullion as a “superior” asset-class, versus virtually any other investment options. In this series of commentaries, I’m going to focus upon the versatility of bullion as an investment.

Experienced precious metals investors are familiar with the many “drivers” which have been identified for the precious metals market. However, this is simply another way of saying that bullion is a good proxy for many of the dynamics in markets (and the overall economy) today.

This is a concept which is especially useful with respect to investing in a “short” position (i.e. betting that a particular investment will go down rather than up). “Shorting” a market is inevitably a much more high-risk investment than going “long”.

To begin with, there is the potential for infinite losses. Bet “long”, and you can never lose more than 100% of your investment (assuming we avoid the insanity of “margin” in our accounts). Bet “short” however, and there is no limit to potential losses, since there is no (theoretical) limit on how high any particular investment could rise (except for bonds). Add to that the further risk of being forced-out of your short-position, and we can see that this is a particularly precarious form of investing, best left to trading experts.

What makes this a frustrating reality is that investors who are strongly bullish on precious metals inevitably believe that there are many other asset-classes which are going to plunge in value – due to many of the same dynamics which will cause bullion to rise. Since many of those doomed asset-classes are U.S. investments, I will focus this discussion on some of those asset-classes...

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

There is too much important information in this commentary to cover with an excerpt. Instead, I am going to be very arrogant, and simply state that no one can understand the U.S. housing market without reading this commentary.

"U.S. Housing Market Even More Fraudulent Today"
http://www.bullionbullscanada.…:us-commentary&Itemid=132

[Sorry, deutsche Übersetzung noch nicht funktioniert]

Zitat von Edel Man

Passende Ergänzung zum vorhergehenden Beitrag von auratico, die Chinesen kennen die Situation der USA absolut präzise.

Laurence J. Kotlikoff, Professor of Economics at Boston University, mit vernichtender Bilanz:

Um ihre 14 % Finanzlücke zu schließen, müßten alle Steuern verdoppelt werden.
Dann entstünde ein erforderlicher Zuwachs im BSP von +5 % statt jetzt - 9 % Defizit !!

Zahlen, die mir jedenfalls in dieser Größenordnung unbekannt waren.

Fazit von Prof Katlikoff:
"Worse Than Greece."....
"Our country is broke and can no longer afford no- pain, all-gain ?solutions.?

Alles anzeigen

At the risk of boring people here, I will say that I have been writing the same thing for seven months. There are two VERY important points missing from Professor Katlikoff's analysis.

First of all, while he talks about the size of U.S. debts, he ignores the obvious: the U.S. cannot afford to pay any interest on its debts – which is why interest rates are permanently frozen at 0%. Because there are not nearly enough idiots willing to lend this amount to the U.S. at near-zero interest rates, “quantitative easing never stopped – the U.S. simply stopped telling the truth about it.

Secondly, because U.S. debts are so large, each new dollar of government debt causes the GDP to shrink by nearly 50 cents (i.e. a 50% loss on each dollar of government debt). This negative-return on debt has never before existed in the U.S. economy. Naturally, it means that a “U.S. economic recovery” was always impossible – and claims of one are merely clumsy lies.

"Fiscal Follies: Greece versus the U.S."
http://www.bullionbullscanada.…nal-commentary&Itemid=133
"“Quantitative Easing” and Market-Lies"
http://www.bullionbullscanada.…nal-commentary&Itemid=133
"The U.S. Debt-Trap"
http://www.bullionbullscanada.…:us-commentary&Itemid=132
"The Fed's “April Fool's” Joke"
http://www.bullionbullscanada.…:us-commentary&Itemid=132

Bullion As A Superior Investment

When most precious metals commentators (including myself) recommend gold and silver to investors, we label it as a means of “wealth preservation”, or simply as “insurance”. Few (serious) commentators talk about bullion as a means of “making money” (above and beyond the rate of inflation).

The reason for this is clear. When one is strongly encouraging people to “play defense” and focus on wealth preservation and “insuring” that wealth, then it is simply inappropriate to advertise precious metals as some sort of get-rich-quick scheme. Nonetheless, investors are naturally curious to know if bullion will ‘only’ provide them with wealth preservation, or whether they can actually expect real gains in the price of bullion – in other words, does it offer a rate of return above the real rate of inflation.

The best/easiest way to answer that question is to compare the rate of change in global wealth levels with the rate of change in global, bullion stockpiles. However, such a direct analysis is not practical, for two reasons. First, with humanity having mined-and-refined precious metals for close to 5,000 years, we can only make a crude guess at the total amounts of bullion which have been refined.

Secondly, in the case of gold, much of these global stockpiles would simply never come onto the market – at any price. Many of the world’s most treasured religious/cultural icons contain lavish amounts of gold, and all of that gold could never come onto the market unless/until those religions were to die-out. There is also vast quantities of antique jewelry, and irrespective of the price of bullion, such bullion will always command an additional premium as an antiquity – meaning that such items will forever remain a part of the antiques-market, not the gold-market...

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

Zitat von goldmartin

... ist ausgeträumt!
Die amerikanische Mittelschicht verliert ihren sonst so unverwüstlichen Optimismus ...

http://www.ftd.de/politik/international/?s/50154362.html

Ein m.E. lesenswerter Artikel!

This article is certainly worth reading. However, despite what was said in the article, there is no “mystery” as to how and why the U.S. middle-class now faces “extinction” (and to a lesser extent in all Western economies).

1) Massive structural unemployment has been caused by the refusal of our governments to shorten the work week. As a reminder, the original “work week” was approximately 80 hours/week. That total was already reduced by half more than 50 years ago – because technology always eliminates jobs faster than new employment is created.

2) After causing this massive, structural unemployment; governments (especially in North America) managed to deceive their citizens into believing that “labour unions” were the cause of all employment and economic problems. Thus, idiot-workers in North America willingly participated in the destruction of their own unions.

3) The reason why our governments WANT high unemployment is to permanently depress wages for the vast majority – with only the “fat cats” at the top ever receiving real wage-increases.

4) In other words, all of this suffering is being inflicted on the poor/middle class simply so that the very wealthy do not lose any of their own wealth due to the massive inflation caused by the reckless money-printing of the bankers.

Dieser Artikel ist sicher lesenswert. Doch ungeachtet dessen, was in dem Artikel gesagt, es gibt kein "Geheimnis", wie und warum die US-Mittelschicht jetzt Gesichter "Auslöschung" (und in geringerem Maße auch in allen westlichen Volkswirtschaften).

1) Massive strukturelle Arbeitslosigkeit hat sich durch die Verweigerung unserer Regierungen zur Verkürzung der Arbeitswoche verursacht wurde. Zur Erinnerung: das Original "-Woche" war etwa 80 Stunden / Woche. Diese Summe wurde bereits um die Hälfte mehr als vor 50 Jahren reduziert - weil die Technik immer beseitigt Arbeitsplätze schneller als neuer Arbeitsplätze geschaffen.

2) Nach dieser massiven verursachen, die strukturelle Arbeitslosigkeit, die Regierungen (vor allem in Nordamerika) gelungen ist, ihre Bürger zu täuschen, zu glauben, dass "Gewerkschaften", waren die Ursache für alle Beschäftigungs-und wirtschaftliche Probleme. So, du Idiot-Arbeiter in Nordamerika bereitwillig an der Zerstörung ihrer eigenen Gewerkschaften.

3) Der Grund, warum unsere Regierungen hoher Arbeitslosigkeit wollen, ist dauerhaft drücken die Löhne für die überwiegende Mehrheit - nur mit den "fat cats" an der Spitze immer erhalten Reallohn-Erhöhungen.

4) In anderen Worten, alle diese Leiden werden auf den Armen / Mittelschicht einfach so, dass die sehr wohlhabenden verlieren keine eigenen Reichtum aufgrund der massiven Inflation durch die rücksichtslose Geld-Druck von den Bankern verursacht zugefügt.

Greenspan: A Charlatan Unmasked

In a recent Greenspan appearance on NBC’s “Meet the Press”, the stench of hypocrisy and revisionism emanating from Greenspan was positively nauseating. Greenspan began by posing as a born-again, “fiscal conservative”. Meanwhile, back in the real world, Federal Reserve Chairman Greenspan was the originator of near-zero interest rates – rates lower than anything seen in the history of our modern economy.

The reason that our societies have never seen such reckless interest rates at any time prior to this is because it is absolutely inevitable that excessively low interest rates cause debt-levels to soar exponentially, along with inflation/asset prices – and these factors inevitably lead to destructive asset bubbles. Given that Greenspan’s interest rates were (at the time) the most reckless in history, it is no surprise at all that they led to the largest asset-bubbles in history, despite all the experts who claimed to be “surprised” by the inevitable (including Greenspan, himself).

Compounding this monetary-madness was the fiscal suicide of the Bush regime, who gifted the wealthiest Americans with the largest tax-cuts (for the wealthy) in the history of any major economy. Given that the U.S. economy was incapable of running a “balanced budget” prior to the tax cuts, they had the effect of creating a massive, structural deficit in the U.S. economy.

Ever the servant of the wealthy while he ran the Federal Reserve, Greenspan never had a single word of criticism about this insane, multi-trillion dollar present for ultra-wealthy Americans – who were already taxed at a far lower rate than in any other Western economy before the Bush tax-cuts. Now, (after the damage is done) we hear Greenspan spouting lines like:

“...I’m very much in favor of tax-cuts, but not with borrowed money. And the problem we’ve gotten into in recent years [i.e. the “Greenspan years”] is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proved disastrous.”...

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

Bubblemania: Part IV, The Mythical "Gold Bubble"

In Parts I, II, and III; I discussed the “epidemic of bubble-blindness” among American business writers and “analysts”. This is a very peculiar condition in that not only are all U.S. asset-bubbles completely “invisible” to those afflicted (approximately 95% of all U.S. writers), but those suffering from this condition are prone to seeing non-U.S. asset “bubbles” virtually everywhere.

The ultimate example of this phenomenon is the endless multitude of U.S. articles “warning” investors that there is a “gold bubble” which is about to burst. These bubble-blind boobs were totally unable to “see” the U.S. “dot.com bubble”, the first and second U.S. housing bubbles, and the especially outrageous U.S. Treasuries bubble – despite the overwhelming evidence of absurdly excessive prices, and enormous amounts of leveraged-debt (the two components necessary for any bubble).

Conversely, these pseudo-journalists regularly proclaim they can “see a gold bubble”, despite there being absolutely zero evidence of such. To begin any analysis of asset-prices, the first step of such analysis is to strip-out inflation from the price of the asset in question. This is an obvious necessity, as if this is not done, then it is absolutely impossible to state how much of a “price rise” is an actual (absolute) gain in price, and how much of this “price rise” is merely tracking inflation.

Virtually none of the American writers who “see” this supposed “gold bubble” ever even conduct this preliminary (and elementary) step in their analysis. Lest you think that I am “cherry-picking” among these dolts for the especially-clueless among the “gold bubble-spotters” (who failed to adjust the price of gold for inflation before concluding that there is a “gold bubble”), this list of incompetent analysts includes Nobel Prize winner (for economics), Nouriel Roubini (among many others)...

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

(Sorry, deutsche Übersetzung noch nicht funktioniert)

Bubblemania: Part III, Debt Cemetery

Recall the definition of an “asset bubble” from Part I: a seriously over-valued market where there is large amounts of leveraged-debt present. As I explained previously, both ingredients are necessary in order to produce the characteristic “pop” when a bubble bursts – leading to an implosion of debt in that market, which turns an orderly retreat in prices into a “crash”.

Given that definition, arguably any and every pool of unsecured debt is a “debt bubble”, since any large amount of unsecured debt could potentially implode. However, such a normal debt scenario implies that debt is being accumulated gradually – and that the inability to service such debt is also a gradual process.

This is not the case with the U.S. economy, and more particularly, with the U.S. government. In the case of the U.S. government, not only has it been recklessly amassing “unfunded liabilities”, but it has plundered $5 trillion of government “trust funds”, which (once) “backed” a portion of these gigantic liabilities.

In other words, while U.S. government obligations for its extremely bloated “entitlement programs” are increasing exponentially rather than arithmetically, the U.S. government has been hollowing-out this “debt bubble” by stealing the money which was supposed to pay for these entitlements. Like a hoard of termites devouring the foundation of a house, the U.S.’s political parasites have eaten-away the U.S.’s fiscal foundation...

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

Bubblemania: Part II, The Land of Bubbles

In Part I of this series, I introduced readers to the “bubble blindness” of the U.S. business media, along with the so-called “experts” who supply their analysis to this propaganda-machine. I pointed out how these American writers, who acknowledged that they couldn’t “see” the largest asset-bubble in history inside their own country now claim to be able to see bubbles “everywhere” - except in the U.S...

Indeed, concluding these “reports” of bubbles are merely malicious propaganda is clearly the most likely possibility. As I have written in several previous commentaries, the U.S. has spent all of 2010 engaged in economic, “terrorist” attacks on European debt markets. This economic terrorism involved eight months (and counting) of around-the-clock fear-mongering by the U.S. propaganda-machine with respect to Europe’s debt markets – coordinated with “attacks” in the $1.4 quadrillion derivatives market (through the weapon known as “credit default swaps”).

While the U.S. propaganda-machine attacked the “creditworthiness” of European economies, it has simultaneously been cranking-out an endless stream of “China bubble” articles – with no persuasive evidence of a “bubble” ever being presented. The goal of these twin-prongs of propaganda is obvious: to make the U.S. economy appear (in the eyes of investors) as the least-worst option for investment. To use a metaphor I’ve used previously, it’s like “trying to get someone to date your ugly sister – by drawing mustaches on the pictures of all the other girls.” ...

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

Deutsche:

Bubblemania: Part II, The Land of Bubbles

...Aufmerksame Leser werden zweifellos geschlossen haben, dass, wenn die US-Treasuries-Markt ist eine massive Blase dann dem US-Dollar ist fast sicher zu einem "bubble Bewertung" als auch. Die unvermeidliche Folge der gigantischen Treasuries-Bubble ist, dass irgendwann in naher Zukunft große Mengen dieser bad-Schulden (und schlecht "Wetten") muss auf den Markt geworfen werden. Mit all diesen Treasuries in US-Dollar, das unvermeidliche "Flutwelle" der US-Treasuries, die die Bond-Marktes auslöschen wird lauten wird eine vergleichbare Wirkung auf die Devisenmärkte haben, gegenüber dem US-Dollar...

vollständigen Kommentar: http://translate.googleusercon…rgtYA-ZpsdKAQZkgbHg6LFuvg

Bubblemania: Part I, Defining a “Bubble”

In the middle of the previous decade, U.S. economists and other “market experts” completely failed to “see” the U.S. housing bubble – which was (at the time) the largest asset-bubble in the history of our species. This is akin to driving your car directly toward a brick wall off into the distance, and then claiming you couldn’t “see” the brick wall until after your car had crashed into it.

Over-reaction is a common, human trait. After being embarrassed by failing to identify the largest asset-bubble in history, these American economists and experts now see “bubbles” everywhere…well, not quite “everywhere”. The same “experts” who missed the (first and second) U.S. housing bubble, see no sign of any “bubbles” inside the U.S.

In order to show how this “bubble blindness” of today is even more extraordinary than the “bubble blindness” which existed prior to the (first) U.S. housing-bubble detonating, I must begin (as always) with definition of terms. What is truly unforgivable given the multitude of “bubble” articles which now pollute the media is how few of these writers have made any attempt to define an asset bubble for their readers.

This can only be an indication that most of these writers still don’t even know what an “asset bubble” is – nearly four years after the implosion of the U.S. housing market. In fact, there are always two ingredients to an asset-bubble: a seriously over-valued market, built on a “foundation” of large amounts of leveraged debt...

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

Zitat von Edel Man

Unser Mitglied Jeff greift ein Thema auf, das wir schon verschiedentlich an anderen Stellen diskutiert hatten:

Die angeblich so sicheren Großproduzenten bleiben vielmals in ihrer Performance hinter den Juniors zurück, die wiederum mit oftmals spektakulären Kursentwicklungen glänzen.

Die Seniors haben -- lt.Jim Sinclair-- oftmals gefährlich /destruktive Gold - Derivate in ihren Bilanzen, Ergebnis der Einflußnahme von Großbanken..

Haben den Titel geändert und:

@Jeff
The link is failing...

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My apologies, Edel Man.

The original link had a format problem – and none of the people on our distribution list could read it. So we had to re-publish the commentary, and then un-publish the first version, which I posted here. And this is much too complicated to explain on a bulletin board where I'm using a different language from the majority (lol)...

The bottom-line is that the NEW link should work for everyone.

"Junior Gold Miners Versus The Big Producers"
http://www.bullionbullscanada.…old-commentary&Itemid=131

The "good news" (for some) is that the Google-translation is actually working right now!

Deutsche:

"Junior Gold Miners Versus The Big Producers"
http://translate.googleusercon…qqc1E75qjmSL58PoAVFQlq9qQ

The Enigmatic Silver Miners

...Silver is roughly 17 times as plentiful as gold, as an element in the Earth's crust. Thus, it is no surprise that over the course of nearly 5,000 years, the gold/silver ratio has averaged approximately 15:1. What is surprising is how this ratio has been so thoroughly perverted by the manipulations of the anti-gold cabal – to sit at one of its most lop-sided extremes in history: currently greater than 60:1.

Under any circumstances, this ratio is obviously unsustainable. However, with the “industrial” usages of silver literally causing the vast majority of the world's silver stockpiles to be “consumed”, there is less silver in the world today (relative to gold) than at any time in more than 4,000 years. Thus, at a time when the gold/silver ratio should be at its lowest level in history, it hovers at the opposite extreme – arguably the greatest disconnection between price and fundamentals in the history of markets...

...the profitability of companies mining silver is going to explode higher and many companies which are currently deemed to be “lead/zinc” miners will magically be transformed into “silver miners” - because once silver is fairly priced hundreds of mines around the world will instantly become “silver mines”.

This shouldn't surprise anyone. There was never any “reason” for there to be so few silver miners in the world – other than the direct and less-direct implications of silver being so ridiculously under-priced. Indeed, to the long list of reasons which proves that silver is undervalued, we can add the paucity of “silver mines.” As I have just demonstrated, if silver were not so ridiculously undervalued versus all other metals, then the world would have the same proportion of “silver mines” (roughly speaking) as it has for all the other major metals of our industrialized society.

When we put all these factors together, what we are looking at in the future is a triple re-valuation of all the world's silver miners...

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

Zitat von Edel Man

Lorimer Wilson, schon im Goldsräd kommentiert, weil er abenteuerliche Visionen von Gold und Silberpreisen verbreitet, auch einm Ratio GO : SI = 16 : 1 wieder sieht, hier mit neuer Fantasie.

Seinen Optimismus kann man ja durchaus mögen, aber diese Zahlen bezweifele ich vehement:

„...Only 600 million ounces of silver are mined yearly yet industrial demand, with new uses being implemented every year, is currently over 900 million ounces per year. ...“

Bin gerade zu bequem, die vorliegenden Berichte des Silver Institute etc. zu suchen....

"...The Result: The Price of Silver Can Only Increase – Dramatically!..."

http://news.silverseek.com/SilverSeek/1279818424.php

Grüsse
Edel

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Lorimer Wilson submits his commentaries to our site, and I chat with him regularly - so I know that my own writing in this area has influenced him. I would remind readers here that my latest article on silver inventories shows that there are MANY obvious problems with the "official" numbers for supply, demand, AND inventories.

"Inventory-Fraud Increases in Silver Market"
http://www.bullionbullscanada.…ver-commentary&Itemid=130

(Sorry, deutsche Übersetzung noch nicht funktioniert)