Sunday, January 6, 2008

Reading Is Fundamental

Folks, you can never read enough. Posted below are some excellent essays that I perused over the weekend. If you have not done so already, take the time to read them. Each has an insight of it's own into where Gold and Silver may be heading in 2008. If anything these essays will strenghten your convictions.

The possibility for a quick reaction in the Precious Metals this week is better than 50%. Don't get shaken out of you posistion. The potential for a much more "profitable", and tradeable, interim high should present itself as February arrives.

Flight to gold as investors lose faith in money, United Kingdom 05-Jan-Sat
Mining bosses complain that the earth's crust is yielding less gold. Output in South Africa has fallen to the lowest since 1932. Canada has passed peak output. Gregory Wilkins, head of Barrick Gold, says: "Global mine supply is going to decrease at a much faster rate than people generally believe."

Fed: $60 Bil More Into Economy
Saturday, January 05, 2008 -
The Federal Reserve will increase the size of two scheduled auctions of emergency loans by 50 percent to $30 billion as part of a global attempt by central bankers to restore faith in the money markets.

When the Dollar Crashes, All That Glitters Will Be Gold
by Lee Thomas
It is not a matter of “if” the demise of the U.S. dollar is going to happen, but a matter of “when”. We have seen signs of its weakening in the last couple of years and it does not look like it will recover any time soon. The actions of a number of other countries are adding fuel to the fire and can only confirm that the best U.S. dollar hedge is gold.

Bullish on bullion
By Javier Blas
Analysts diverge on whether prices will test $1,000 an ounce or remain flat, although at elevated levels, in the medium term. But either way, behind this secular change that is keeping prices high is sustained interest by investors in owning gold.

Into The Abyss
By: Alf Field
The world is dealing with a Sub-Prime crisis, an Evaporation of Credit crisis, a Banking Solvency crisis, a US Dollar crisis and an International Monetary crisis. These roll into one to produce the “Mother of All Crises”, the “Perfect Storm” crisis.

Eyes Wide Shut
By: Peter Schiff, Euro Pacific Capital
As our economic ship continues to spring leaks, the goldilocks crowd still clings to the false belief that the Fed can easily keep us afloat with a few more rate cuts. This comfort has sustained many upbeat forecasts despite overwhelming evidence of an unfolding economic and monetary catastrophe of historic proportions.

Enter 2008: The System Breaks
By: Jim Willie CB, Golden Jackass
The year 2008 will be the year that THINGS JUST PLAIN BREAK. It will be a truly deadly year, unavoidably lethal to the US Economy and especially to the US banking sector. Nothing has been repaired.

Manipulation / Management: Controlling the Gold Price
By: Julian Phillips, Gold Forecaster
Manipulation / Management of market prices is an integral part of the structure of all markets all institutions and all nations. The system demands it. But eventually market forces will and do overcome all but the most stringent of actions by government and when they impose such stringency, eventually they do pay a heavy price. The path of the gold price over the last three years and more are proof positive of this.

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