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By Dennis Miller from Casey Research If the “World Snake-Oil Salesperson Society” had a hall of fame, good old Uncle Sam would be a charter member. When it comes to smooth-talking folks into buying debt instruments, he’s the slickest around. And Treasury Inflation-Protected Securities (TIPS) are one of his slickest gimmicks. Here’s how the federal […]
It looks like gold is ready to complete the year with a 6% gain, continuing it’s longest streak since 1920, according to Bloomberg. Jeff Clark of Casey Research has reviewed the opinions of prominent gold bugs and the many reasons why 2013 looks like another shiny year for the yellow metal:
While the older generation of politicians and central bankers seem intent on spending the United States into insolvency, perhaps the younger generations can learn from the past. Travis N. Taylor published an op/ed in the Washington Times this week calling on 18-29 year-olds to support a return to the gold standard: “Although the federal government’s […]
Gold’s poor performance in the past week has triggered a flood of commentaries declaring that gold peaked back in 2011 and that prices may plummet next year. Don’t be fooled – there is plenty of evidence that gold still has a bright future. Tim Iacono published an interesting article on Seeking Alpha yesterday debunking the […]
As expected, today the Fed announced it will expand its balance sheet by continuing to purchase long-term Treasuries after Operation Twist expires. The Fed remains committed to buying government debt and keeping interest rates near zero until unemployment drops to 6.5%, which it admits probably won’t happen until 2015. Surprise, surprise, gold prices rose on […]
Metals Analyst Kira Brecht published an incisive commentary on Kitco yesterday on the long-term gold trend, examining the relationship between gold and the quantitative easing of central banks: “But, what will it take to kill the long-term bull market in gold? Listen up folks and listen good. There is nothing on the near or medium […]
By Jeff Clark from Casey Research Have you ever wondered what the typical Chinese gold investor thinks about our Western ideas of gold? We read month-after-month about demand hitting record-after-record in their country – so how do they view our buying habits? Since 2007, China’s demand for gold has risen 27% per year. Its share […]
The media has stirred up a lot of fear about the possibility of actually going over the fiscal cliff in the new year. However, Peter Schiff maintains that the cliff is an essential step in repairing the economy. He also continues to stress how much safer gold is than dollar-denominated assets, especially Treasuries:
By Jeff Clark from Casey Research While I don’t like making price predictions, and certainly ones accompanied by a specific date, it’s hard to ignore the correlation between the US monetary base and the gold price. That correlation says we’ll see $2,300 gold by January 2014. There are plenty of long-term charts that show a […]
By Jeff Clark from Casey Research In early July, Japan set a premium price for solar energy that was three times the rate of conventional power. This meant utility companies would be paid three times more for electricity sourced from solar. It’s widely expected that the premium will ignite the use of solar power – […]
