Traditionally when does Gold rise and when does it fall? What economic indicators predict gold prices? In this article Robert Prechter looks at the economy and Gold Prices. ~ editor By EWI President Robert Prechter ...If gold isn’t going up when the economy is contracting, when is it going up? Table 4 (see chart on p. 24 of this free Club EWI report ~ editor) answers the question: All the huge gains in gold have come while the economy was expanding. This is true of the three most dramatic gold gains of the past century: (1) Congress changed the official price of gold from $20.67 to $35 per ounce in 1934, during an economic expansion. The gain against the dollar was 69 … [Read more...]
Gold, Silver, Plus #3, for Profit & Protection
By Deepcaster Equities-in-general have gone nowhere for the past decade (and have lost 30% or more when their prices are adjusted for inflation), and are in a Bear Market, with no end realistically in sight. And most Bonds and CD’s provide miniscule or even negative returns after adjusting for Real Inflation. And even many Commodities have not been consistently appreciating lately. We have long been an advocate of Gold and Silver, "the ultimate monetary metals". We still consider thems our #1 and #2 selections as the best fortress assets for profit and protection. Indeed, Deepcaster has two open ‘Buy’ Recommendations on a particular form of these Metals. And, as regular readers know, … [Read more...]
The 2010 Silver Buying Guide
By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report Silver has been sizzling and causing lots of buzz in the industry. Investors are excited. Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low. This excitement has spilled over into greater investment demand – especially so for coins. The U.S. Mint sold more Silver Eagles in the first quarter of this year – just over nine million – than any prior quarter in its history. The Royal Canadian Mint produced 9.7 million silver maple leafs in 2009, also a record. Take a look at the jump in U.S. Mint coin sales … [Read more...]
How do Gold Stocks Perform in a Depression?
Traditional wisdom has it that Gold performs well in times of financial distress. Also Gold is considered an inflation hedge... but what if Deflation wins? In this insightful article Jeff Clark answers exactly that question. ~ Tim McMahon, editor Gold Stocks in a Depression By Jeff Clark, Editor, BIG GOLD What if deflation wins? While we think the odds are strongly stacked against it, particularly given the government’s furious pace of money printing, the prudent investor understands – and respects – the time-tested adage, “Nothing is guaranteed.” So while our chips sit squarely on the spot marked “inflation,” what will happen to gold stocks if we’re wrong? … [Read more...]