Beiträge von bullionbulls

  • Junior Goldminen vs Senior Produzenten

    "Junior Gold Miners Versus The Big Producers"


    As we see the in-flux of “born again” gold-bugs among mainstream market commentators, there has also been a commensurate increase in articles about the gold miners. Many “experts” who only a couple of years ago were shunning gold as a “barbarous relic” now feel qualified to “recommend” individual gold miners to their readers.


    To the credit of a few of these individuals, they have done their “homework”, and offer credible analysis and insight on the companies they cover. However, the majority of such pundits haven't learned the various quirks of this sector which make it different from all other commodity-producers. They engage in simplistic balance-sheet analysis which leaves investors dangerously uninformed about factors which have tremendous significance in the current and future performance of these companies.


    In particular, we have numerous analysts touting the large gold-producers to their readers and clients, despite the consistent failure by most of these companies to deliver good “returns” to shareholders. Meanwhile, the smaller producers – the “junior miners” - have provided investors with many spectacular success-stories, with the best clearly still to come.


    The leading “voice” when it comes to warning investors of the potential pit-falls of the larger mining companies is Jim Sinclair. He has told investors on countless occasions that many of these companies were carrying dangerous/destructive “gold derivatives” on their balance sheets – courtesy of the big-banks.


    These derivatives were either incorporated into their operations as merely “hedges” against the gold-price or were a necessary condition in order to obtain financing for large, capital projects – such as the construction of a new mine. We’ve seen the results of these “deals with the devil” show up on the bottom-line of these mining giants: the complete inability to “leverage” the price of gold – either in terms of their own profitably or in returns to shareholders...


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

  • GOLD : Märkte und Informationen

    Gold Market Repeating Pattern of '09


    Almost precisely one year ago, I wrote a commentary outlining “two, short-term scenarios for the gold market.” While I acknowledged that there was still the possibility of a mid-summer sell-off, if there was no sell-off by the end of July, I stated that we should expect the “fall rally” to commence earlier than usual, leading to “a run-up to at least $1200/oz”.


    In fact, there was no sell-off, the gold rally did start earlier than usual – and it ended (for the time being) with a spike above $1200/oz. As I stated in that commentary, I don't make a lot of “short-term predictions” with respect to precious metals, for the obvious reason: “predicting” the movements of a highly-manipulated market is generally a fool's game. However, there are times when market factors and fundamentals stack-up so heavily on one side (or the other) that we can act with reasonable confidence.


    With this commentary being roughly two weeks later in the year than last year's commentary, I see the possibility of a mid-summer sell-off to be much more unlikely than when I wrote last year's commentary, however, even if there should be some unlikely weakness in the gold market, as investors we must take a stand with regard to risk/reward, and I would argue that such an analysis clearly favors accumulating bullion now...


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

  • Bankensterben -Welche ist die nächste?

    Goldman Sachs and AIG Settle Fraud Suits


    ...It is a clear non sequitur for the judge to rule that Goldman Sachs had not engaged in any willful misconduct – and then to assess it the most damages in the history of this sector. However, that didn't come close to being the most farcical aspect of the judgment. The judge also issued a “permanent injunction from violations of the anti-fraud provisions of The Securities Act of 1933”...


    This is nothing less than comical. While there was no finding of willful wrong-doing, the judge still found it necessary to wag his finger at these banksters and “doubly” forbid them from committing more fraud in the future. Let me try to interpret this (although seeking any sort of rationality here is a perilous endeavour).


    If the members of this fraud-factory are caught committing fraudulent acts again, then the next time it won't be merely a ($550 million) “slap on the wrist”. The next time, the U.S. government will (supposedly) fully enforce its existing laws against Goldman Sachs. This would mean that future law-suits would not allow the banksters to only pay for their fraud, while not having to admit to it. More importantly, the injunction clearly implies that future transgressions would be accompanied by criminal prosecution...


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

  • Global Economic Collapse

    "U.S. Economy Crashes"


    ...Let's review what has emerged on the U.S. economy in just the past few weeks. First we had the lowest reading for U.S. housing starts in history. That horrific announcement came along-side news that U.S. foreclosures had just hit (yet) another “all-time record” in May. Now today we hear that mortgage applications have fallen to their lowest level in 14 years – going all the way back to when the bubble-blowing began in the U.S. housing market back in 1996...


    Meanwhile, the news is even worse in the retail sector: the “backbone” of the U.S. consumer-economy. May retail sales plummeted by 1.1%, and now that horrific number was followed-up by news that June retail sales fell by an additional 0.5%. Since the U.S. propaganda-machine never puts these numbers in context for readers, let me do so. First of all, since these are monthly numbers, we must multiply them by twelve to get the annual rate of decline. Doing that we see that the May number worked out to an annual rate of decline of 13.2%, while June was a less-extreme 6%. Since these are annual rates, they have to be averaged-out: to slightly above 9.5%.


    That doesn't sound too bad, you say? Keep in mind that the U.S. propaganda-machine doesn't adjust these numbers for inflation. As John Williams of Shadowstats.com can tell you, U.S. inflation has been averaging well over 9% all year. Since we must subtract the effects of inflation to get a real year-over-year change in U.S. retail sales, let's do that. When we add the May/June average of more than a 9% annual drop in retail sales with the (real) rate of inflation, which is also above 9%, we find that U.S. retail sales have crashed by over 18.5% over the last year...


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


    (Deutsch-Übersetzung nicht verfügbar)

  • GOLD : Märkte und Informationen

    The BIS B.S.


    "When I first heard the story from the Bank of International Settlements about the supposed laundering of 380 tons of gold, I reacted in the same manner I do to all “news” of such stature (such as “alien autopsies”) - I totally ignored it. However, upon observing that the media propaganda-machine intends to continue to “pump” this wild rumor, and treat it as serious “news”, I can see that I must address this nonsense...


    Two questions immediately arise. First, why would anyone attach any credence to any rumor started by a group of people who (even among bankers) represent the lowest forms of life on our planet? Second, what is the motive of the BIS in spreading such a rumor?...


    ...if this gold transaction actually took place, there is only one, possible, rational place where this gold could have originated: the United States..."


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


    Deutsche:


    Die BIZ-BS


    "...Da sich auch die Medien Knöchel-draggers wird schließlich in der Lage sein "put 2 +2 zusammen" - und herausfinden, dass die tatsächlichen Auswirkungen dieser neueste Gerücht offensichtlich sind für den Goldmarkt bullish, es zeigt deutlich, dass die Anti-gold hat cabal sogar aus plausible laufen Lügen zu benutzen, um zu versuchen, den Goldpreis zu drücken.


    Lassen Sie mich die erste "vorhersagen" das nächste Gerücht, dass die Anti-Gold-cabal wird in den Markt bringen: die Banker wird verkünden sie die Dienste eines Herrn namens Rumpelstilzchen - die wundersame Kunststücke ausführen kann mit Stroh gewonnen werden ...



    link: http://translate.googleusercon…5oTvjpXAzmENk4B2jPFwg9Fiw

  • GOLD : Märkte und Informationen

    Since it is difficult to “understand” one tax code, let alone many, I freely admit to not knowing how the various European governments handle the taxation of gold and silver. I would be very interested in receiving feedback from any readers who have considerable familiarity with their own tax systems.


    Preventing Your Government From Stealing Your Gold


    "With the U.S. government having already stolen the gold of its own citizens once, a question which I have often been asked by American readers is “do I think the U.S. government will steal [their] gold again?” My reply has always been that in the absence of a gold standard there is no motive for simply confiscating all gold again.


    With U.S. debts and liabilities exceeding $100 trillion, while all the gold inside the U.S. is worth considerably less than $100 billion (at current values) even a quadrupling of the gold price from today's price would still make it totally inconsequential in restoring solvency to the U.S. government. If the government were to stoop to directly (and openly) stealing from its citizens, it would be much more likely to pillage their bank deposits, which are more than ten times as large as their gold holdings.


    However, there is a further point which I should have made which relates to this issue. Specifically, even without formally “confiscating” our gold, all of our governments have already created a vehicle to steal a portion of our gold: our taxation systems. The pretext our governments use/will use to steal our gold (and silver) via taxation is “capital gains”. This is such a perversion of the concept of a “capital gain” that such tax treatment for gold and silver is simply evil..."


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


    (Deutsch-Übersetzung noch nicht verfügbar)

  • GOLD : Märkte und Informationen

    The Seven Sins of GLD


    ...at the persistent urging of one reader, I finally caved-in and went through the prospectus of The Mother of all Bullion Scams: GLD. It was at this point I had to deal with my third, unstated reason for avoiding these documents – they make your head hurt. This is especially true for those with a background in law, as we have been trained to attempt to discern the “intent” of every word of such documents, which means attempting to reconstruct the thinking of the lawyer(s) at the time the document was drafted.


    At first glance, the SPDR Gold Trust (which trades under the symbol “GLD”) is the epitome of simplicity. In the first paragraph of the Prospectus Summary, it states:


    “The Trust holds gold bars...”


    Then, a few paragraphs later, is a section titled “Trust's Gold Holdings as of March 31, 2010”. It lists the total holdings as approximately 36.5 million ounces, almost all of it in “allocated” gold bars. So far, so good...The problem is that as soon as one scratches the surface, to attempt to verify that this ETF-behemoth is actually the straightforward “trust” that is presented, we immediately encounter one serious issue after another, which I am labeling the “seven sins” of GLD..."


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

  • GOLD : Märkte und Informationen

    "How the Banksters Serve the Gold-Buyers"


    There has been a familiar refrain among gold-bulls for the past few years, “if only the big-buyers would demand “delivery” of most of their gold, this would destroy the anti-gold cabal once and for all.” Consequently, a question which I (and other precious metals commentators) have often been asked is “why don't those big-buyers demand delivery?”...


    For purposes of definition, the buyers to whom I'm referring are central banks, funds, and the small number of wealthy individual investors who have the buying-power to make purchases on a similar scale. With average retail investors, we could buy our own lifetime's supply of bullion with a single purchase, and never cause even a ripple in the bullion market. However, the big-buyers face two related problems in attempting to fill their own “quotas” for bullion...


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

  • SILBER : Märkte und Informationen



    Excellent charts, KeepItShort!

  • SILBER : Märkte und Informationen

    Oops, looks like I was too slow to post my work this time (kind of flattering!). What I wanted to mention is that the data comes from two sources (half from The Silver Institute an half from an e-mail I received as a shareholder) – and neither one provides the whole “picture”.


    It's only when you're able to collect all the information together, that suddenly we have this ridiculous collection of numbers which are totally contrary to reality. Supply equals demand every year...but inventories are soaring? Lol! Demand never changes every year? Lol!


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


    (Deutsch-Übersetzung noch nicht funktioniert)

  • P I G S = Euro in Gefahr

    “You can pay me now...or pay me later”


    ...The reason why governments deliberately refuse to do anything about structural unemployment is because they like having large numbers of people unemployed. The heinous principle which guides them was (foolishly) articulated in public, by former Bank of Canada Governor Gerald Bouey, who bluntly stated (back in the 1980's) “we are fighting inflation with high unemployment.”


    Let me be more specific about what this implies: our leaders are deliberately pursuing high-unemployment policies, because by permanently maintaining millions of unemployed workers, they permanently depress wages. These depressed wages (which in real-dollar terms have been falling steadily for almost 40 years) reduce overall inflation so that the vast hoards of wealth of the ultra-rich are not diluted by the money-printing of bankers.


    The chart below not only illustrates the horrific impact of structural unemployment, but it also reveals one of the two Big Lies which our governments use to hide those lies...


    The belated attempt at “austerity” now underway in Europe illustrates this perfectly. The tunnel-vision of the banker-servants running these countries can only conceive of one way of balancing the books: laying off workers at the time of the worst structural unemployment in history, and cutting wages and benefits after wages have already been falling (in real terms) for nearly 40 years.


    Not only are the people who are being harmed by these policies not responsible in any way for the creation of these debt-problems, but they obviously have nothing left to squeeze out of them. You can't get blood out of a stone. Many commentators have already stated that Europe's austerity-binge will very likely send these economies into a deflationary death-spiral...


    The trillions of dollars of wealth which has simply been stolen from our economies by this amoral aristocracy must now be returned. In this respect, there are two means which should both be pursued in order to accomplish this. First, our totally broken tax systems must be fixed. While only the U.S. government actually gave its own ultra-rich a huge tax-cut, the very nature of income taxation means that the ultra-rich are already getting a “free ride” in all Western societies. This is a somewhat complex subject, so I would refer readers to a previous commentary for a complete discussion of this issue.


    The other, obvious measure to restore solvency to governments is to give greedy (and wealthy) bond-holders a large “hair-cut”. We know that these bond-holders have been acting purely out of greed (for many years, if not decades), because only a group of greed-blinded idiots would have lent so many trillions of dollars at such ridiculously low interest rates, when anyone who doesn't have to use their fingers and toes to perform arithmetic would know that the vast sums borrowed by these governments could never be repaid (with interest)...


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


    (Sorry, deutsche Übersetzung nicht verfügbar)

  • Global Economic Collapse

    Fortress Mentality No Solution To Protesting


    Canadians used to take pride in being Canadian citizens. We relished being seen unequivocally as a positive influence in the world...


    ...Canada's reputation has been greatly diminished. Our soldiers now have a new primary mission, which is supposedly parallel with our “peacekeeping”: “kill the enemy”. It requires no explanation that increasing the latter greatly diminishes our effectiveness in the former.


    Meanwhile, Canada's “image” in the world, with regard to environmental issues and policies has gone from “green” to a skull-and-crossbones, with Canada recently being awarded a “trophy” of infamy: voted the world's least “green” nation as a result of two concurrent policies. Not only has the current government essentially reneged and renounced Canada's commitment from the “Kyoto Accord”, it has laid-waste to the province of Alberta – through the reckless expansion of the Canadian tar-sands, where maximizing output has meant totally abdicating responsible management and development with respect to the environment.


    Lastly, Canada is rapidly losing its favorable reputation among developing countries. This comes in a number of forms, but starts with Canada allowing itself to be a “tool” in the U.S.'s “War For Drugs” in Afghanistan – where the partnership between the CIA and local warlords has turned Afghanistan into the largest heroin-factory in global history. Wall Street banks are able to launder such drug-profits with impunity, classified under “trading profits”...


    full commentary: http://www.bullionbullscanada.…ian-commentary&Itemid=134

  • GOLD : Märkte und Informationen



    Edelman, what I would like to see is
    for you to make that chart into a “stamp”. And every idiot who
    uses the phrase “gold bubble” would have your chart “stamped”
    onto their foreheads – to remind themselves of their stupidity,
    every time they looked in a mirror.
    Edelman,
    was ich sehen möchte ist für Sie das Diagramm in ein "Stempel" zu
    machen. Und jeder Idiot, der den Ausdruck
    verwendet sog. "Gold-Blase" hätte Ihr Diagramm "Stempel" auf der Stirn
    -, um sich von ihrer Dummheit erinnern, jedes Mal wenn sie in einen
    Spiegel schaute.

  • SILBER : Märkte und Informationen

    Ratio-investing for Precious Metals Novices


    ...The result of well over half a century of grossly distorting the price of silver, both in absolute terms and versus the price of gold has clearly set-up this market for a spectacular default – at which time the market will “correct” the price-imbalance, in the most-brutal manner possible. The evidence of this upcoming event is all around us, much of it compiled by the years of painstaking research by Ted Butler, the “dean” of silver commentators...


    Deutsche:


    Ratio-Investitionen für Edelmetalle Novizen


    ...Als eine einfache Sache der Arithmetik und der Wirtschaft, der einzige Weg, dass der Zusammenbruch der Bestände Silber gestoppt werden kann, und "Gleichgewicht" wieder zu diesem Markt ist durch einen dramatischen Preisanstieg. Es gibt keine andere Möglichkeit, außer einem totalen Zusammenbruch menschlichen Handels und der Industrie...

  • GOLD : Märkte und Informationen

    Ratio-investing for Precious Metals Novices


    ...what separates the two metals, and will ultimately lead to a major silver-default is that while gold is conserved, silver is consumed. While gold has “industrial uses”, it has filled such an important role in commerce (through being the best form of “money”) and culture (crafted into jewelry and cultural artifacts) that virtually all the gold ever mined could (theoretically) be re-collected into a single stockpile...


    ...Given these parameters, it is obvious that all precious metals investors should favor silver over gold, as of this moment. The question is: how heavily should investors tilt their portfolios toward silver? In some cases, “simple” does not equate to “simplistic”, and I will argue that letting the gold/silver ratio guide your purchasing decisions is one such example...


    Deutsche:


    Ratio-Investitionen für Edelmetalle Novizen


    ...Mein Rat ist, zu Ihrem Gold und Silber in Teilen von der Gold diktiert / silber Preis-Leistungsverhältnis zu erwerben. So würden mit dem Verhältnis zur Zeit etwa 62:1, Investoren kaufen Gold und Silber heute kaufen 62% Silber und 38% Gold. Zwangsläufig werde ich aus Gold-Bugs, die sagen, dass zu viel Silber, "und aus dem Silber-Bullen, die" sagen, das ist zu wenig zu hören. "Lassen Sie mich versuchen, beide Lager zu besänftigen

  • GOLD : Märkte und Informationen

    Living in North America, I would be very interested to know whether the members of various nations have already noticed high inflation in their day-to-day lives – as a consequence of the collapse of the Euro.


    If so, do you think that this is the primary “driver” of European gold demand, or do you think that demand is mostly based upon simple fear?



    Living in Nordamerika, wäre ich sehr interessiert zu wissen, ob die Mitglieder der verschiedenen Nationen haben bereits hohe Inflation in ihren Tag zu Tag lebt bemerkt - als Folge des Zusammenbruchs des Euro.


    Wenn ja, glauben Sie, dass dies die primäre "Treiber" der europäischen Nachfrage nach Gold, oder denken Sie, dass die Nachfrage meist auf einfache Angst beruht?

  • GOLD : Märkte und Informationen

    Zitat von Edel Man

    Ein Punkt, den ich nicht hervorhob: diese Entkopplung von der Dollarbindung wird oder besser muß die gefährliche Inflation in China herunterbringen.
    Diese Maßnahme stärkt den Yuan als weitere Weltreservewährung, ob es aber der Weg zu einem Goldstandard wird, ist mE.vorerst Spekulation.

    This time it is my turn to “complain” about the Google-translation (lol). I could not understand your (translated) remark in German – and have to rely upon the English you wrote before it.


    Yes, the issue all along was that China would not be willing to import high inflation from the U.S. While some people will argue that China was simply “caving-in to U.S. pressure”, I totally disagree with this interpretation. Instead, the fact that China is ending the “peg” now should be seen as a signal that China's government is expecting U.S. inflation to start spiraling out of control.


    For those who do not know of this site, John Williams runs a web-site called “Shadowstats.com” which calculates U.S. economic statistics without all of the (deliberate) distortions which have been added in recent decades. Real U.S. inflation has been above 9% all this year, so clearly China expects this to quickly accelerate to a double-digit rate.



    Diesmal ist es an mir, "klagen" über die Google-Übersetzung (lol). Ich konnte nicht verstehen Ihre (übersetzt) Bemerkung in deutscher Sprache - und sind auf der englischen Sie schrieb, bevor es verlassen.


    Ja, die Frage die ganze Zeit war, dass China nicht bereit wären zu hohe Inflation aus den USA importieren Während einige Leute behaupten, dass China war einfach "Einbrechen in dem Druck der USA", bin ich nicht einverstanden mit dieser Interpretation. Stattdessen wird die Tatsache, dass China die Beendigung der "Stange" Jetzt sollte als ein Signal, dass Chinas Regierung rechnet mit US-Inflation zu starten außer Kontrolle gesehen werden.


    Für diejenigen, die nicht von dieser Seite wissen, John Williams eine Web-Site namens läuft "Shadowstats.com" berechnet, die US-Wirtschaftsstatistiken ohne all die (bewusste) Verzerrungen, die in den letzten Jahrzehnten wurden aufgenommen. Real hat die US-Inflation von über 9% aller in diesem Jahr gewesen, so klar China erwartet, dass dies schnell zu einer zweistelligen Rate zu beschleunigen.

  • Global Economic Collapse

    “Quantitative Easing” and Market-Lies


    “One of the first things you know about intervention in the currency markets, and its true of central banks, but it's also true of private institutions is that it's much more effective if people don't know what you're doing. They only see the effects, you know, I mean there are reasons why people don't want the market to see them coming...”

    Mr. Christian made that remark when he was explaining the intricacies of the manipulation of the precious metals market (the same manipulation which Christian claimed he “had never seen any evidence of”). However, the remarks are equally applicable to other markets – including debt markets.


    When it comes to the manipulation of markets, the bankers are clearly “in a league of their own”, so I will defer to Christian's expertise: if you want to manipulate markets, whatever you do will work better if you lie about it/conceal it. Let's apply this principle to debt markets, and the appalling euphemism known as “quantitative easing”...


    Deutsche:


    "Quantitative Lockerung" und Market-Lies


    ...Wenn wir nichts von der "Euro Schuldenkrise" gelernt haben, wissen wir jetzt, dass die meisten dieser Regierungen sind schon so um Schuld, dass sie bereits gezwungen, Schulden monetizing Resort süchtig. In anderen Worten könnte keine dieser Regierungen ihre "quantitative Lockerung" beendet haben, weil sie bereits in ein solches Verhalten wurde Engaging, noch bevor sie tatsächlich zugelassen sind dabei ...