http://www.safehaven.com/ Safe Haven: Preservation of Capital 20 en-us http://www.safehaven.com/images/rss_logo.gif http://www.safehaven.com/ 120 16 Doug Noland <webmaster@safehaven.com> http://www.safehaven.com/article-14949.htm There were key developments this week providing added confirmation to my macro thesis. First of all, this morning's dismal payroll data (10.2% unemployment!) - after a year of unprecedented fiscal and monetary stimulus - confirm the depth of ... Adam Hamilton <webmaster@safehaven.com> http://www.safehaven.com/article-14943.htm After India's central bank gobbled up half of the gold (200 metric tons) the IMF recently offered for sale, gold surged 2.4% on Tuesday to a new all-time nominal high near $1085. Naturally traders flooded into the gold stocks to leverage ... Julian D. W. Phillips <webmaster@safehaven.com> http://www.safehaven.com/article-14938.htm It takes a long time to buy useful quantities of gold in the 'open' market. It has taken Russia over 3 years to buy 180 tonnes there. We imagine that they set price limits on their buying. This meant they bought more in one month than in the next ... Clif Droke <webmaster@safehaven.com> http://www.safehaven.com/article-14942.htm Many observers share the opinion that the latest move to new highs in the gold price is a premonition of a coming inflation. The more likely explanation is that gold's rally is a sign of fear over continued deflation in the financial sector ... Guy Lerner <webmaster@safehaven.com> http://www.safehaven.com/article-14939.htm However, my interpretation is that this represents a mixed short term sentiment picture. The assets in the leveraged bear funds are greater than the leveraged bull funds and this is bullish. But truth be told, the ratio is not too extreme. Gary Tanashian <webmaster@safehaven.com> http://www.safehaven.com/article-14936.htm Against the backdrop of the long bond's uninterrupted rise from the 1980's, Alan Greenspan was able to portray himself as the great Maestro, always at the ready with inflationary policy when the market and economy needed it most. Peter Schiff <webmaster@safehaven.com> http://www.safehaven.com/article-14947.htm By spending trillions of dollars of borrowed money, President Obama hopes to engineer a recovery and create jobs. However, he has only succeeded in digging America into an even deeper hole than the one he inherited from his predecessor. Marty Chenard <webmaster@safehaven.com> http://www.safehaven.com/article-14940.htm While everything appears pretty normal on the SPY's chart, it doesn't when you look at what has been happening to the SPY's Strength. First note, that the SPY and the C-RSI has a recent "negative divergence" ... and that usually spells trouble ... Chris Ciovacco <webmaster@safehaven.com> http://www.safehaven.com/article-14946.htm Investors Are Wise To Remain Flexible: The bearish spin on unemployment is obvious. The bullish spin is weak employment means low interest rates which is good for asset prices. Another possible spin by the bulls is "sell the rumor ... David Morgan <webmaster@safehaven.com> http://www.safehaven.com/article-14937.htm On the silver and gold ETFs, I'm neutral to positive on them. I mean, certainly there is more validity to an EFT investment, in the realm of the institutional investor, the hedge fund manager or very, very wealthy retail investors. However, I don't ... Daniel Amerman <webmaster@safehaven.com> http://www.safehaven.com/article-14935.htm When reading the financial pages, do you ever get the feeling that you're reading the script for an episode from the old television series, "The Twilight Zone"? Adrian Ash <webmaster@safehaven.com> http://www.safehaven.com/article-14945.htm The official bid for gold, let alone private-sector demand, looks likely to hold strong... Reggie Middleton <webmaster@safehaven.com> http://www.safehaven.com/article-14941.htm Riddle me this. An industry gets into trouble due to chasing fads, loading up on debt and overpaying for property. Many participants in said industry flirt with insolvency due to difficulty meeting debt service and asset values that have dropped below ... David Banister <webmaster@safehaven.com> http://www.safehaven.com/article-14944.htm Our advice is to maintain higher than normal cash positions at this time, accumulate Gold on large dips, and wade into Gold Stocks on a big drop as well. We also plan to recommend the occasional use of Bear ETF's for defense and insurance ... Steve Hochberg and Pete Kendall <webmaster@safehaven.com> http://www.safehaven.com/article-14948.htm Total dollar volume continues to rise despite further fundamental financial deterioration. Yes, GDP experienced a one-quarter, clunker-aided uptick of 3.5 percent in the third quarter. But the economy is in far worse shape than ... Axel Merk <webmaster@safehaven.com> http://www.safehaven.com/article-14934.htm Who cares about the dollar? It turns out quite a few do, except for those who could put it on a course to long-term recovery. First of all, you should care, as the purchasing power of your dollar savings is at risk when the dollar plunges versus other ... Michael Pento <webmaster@safehaven.com> http://www.safehaven.com/article-14932.htm The cyclical bull market in stocks and positive print on GDP has caused some on Wall Street and in Washington to claim the recession has ended. Despite all the good economic news, an end to fiscal and monetary stimulus is nowhere in sight ... Reggie Middleton <webmaster@safehaven.com> http://www.safehaven.com/article-14933.htm The recent bear rally has driven most of the solvent, semi-solvent and absolutely insolvent CRE stocks up, quite a few approaching 100%, while their macro outlook has deteriorated significantly, along with their fundamentals. Chris Vermeulen <webmaster@safehaven.com> http://www.safehaven.com/article-14930.htm Precious Metals ETF have gone wild the past 2 weeks. Last week we saw gold and silver prices drop sharply as it shook out short term trader's stop orders before breaking out and moving higher. Also there is a disconnect between the gold and the dollar. Adam Brochert <webmaster@safehaven.com> http://www.safehaven.com/article-14931.htm I firmly believe in the concept of the Dow to Gold ratio to guide my longer term investment decisions. I also believe that for this economic cycle, the Dow to Gold ratio will get back down to 2 or less before the current secular general stock bear ... Dudley Baker <webmaster@safehaven.com> http://www.safehaven.com/article-14925.htm I'm sure you have heard of this term, 'stink bids'. They are but one way of insuring a low entry price in some of your favorite junior mining companies. Adrian Ash <webmaster@safehaven.com> http://www.safehaven.com/article-14928.htm Utterly bullishly, London rules but rocks, while central banks star in "buying gold" shocker... Lorimer Wilson <webmaster@safehaven.com> http://www.safehaven.com/article-14929.htm This article suggests that silver is undervalued compared to gold by anywhere from 10% to 50% based on historical gold to silver price relationships. John Browne <webmaster@safehaven.com> http://www.safehaven.com/article-14926.htm Last week, to the delight of its media cheerleaders, the government announced that economic growth had returned and the recession had ended. But before we start celebrating one quarter of modest growth, we should realize the only force driving this ... Jeff Clark <webmaster@safehaven.com> http://www.safehaven.com/article-14927.htm Yes, gold will someday put in a top, and since the gold price is largely determined by psychology, the end of the bull run will be marked by behavioral types of signals. But calling a top in gold now is like declaring that WWII was over because the ... John Mauldin <webmaster@safehaven.com> http://www.safehaven.com/article-14921.htm I can't tell you how surprised, even embarrassed I was to get the Nobel Prize in chemistry. Yes, I had passed the dreaded chemistry A-level for 18-year-olds back in England in 1958. But did they realize it was my third attempt? And, yes ... Steve Saville <webmaster@safehaven.com> http://www.safehaven.com/article-14915.htm Bank lending in the US has declined on a year-over-year basis, so we know that the spectacular increase in reserves has not YET contributed to monetary inflation. Many analysts and economists view this as a problem, their belief being that the ... Guy Lerner <webmaster@safehaven.com> http://www.safehaven.com/article-14924.htm The real source of America's angst is a sense that something is terribly wrong. What that something is isn't tangible - like higher gas prices - but it is palpable. Maybe it is the lack of leadership in Washington or the inability of that leadership ... Wilfred Hahn <webmaster@safehaven.com> http://www.safehaven.com/article-14918.htm While strong rebounds were to be expected at least for a time -- after all, it's the normal reflexive nature of political economies and markets whether further stages of crisis are to be expected or not -- a wild gaming bonanza was thought less likely. Marty Chenard <webmaster@safehaven.com> http://www.safehaven.com/article-14919.htm The Dollar could fool everyone ... Just as Foreign countries are diversifying out of the Dollar ... just as the Dollar's carry trade is being overdone, the Dollar is poised to make an upside run. Davide Accomazzo <webmaster@safehaven.com> http://www.safehaven.com/article-14922.htm In spite of evidence of misleading logic and cracks in the foundation behind the concepts of Beta and EMH, the theories are still wildly popular among academics. Academic politics and group thinking may be the cause; after all, almost every economist ... Jim Curry <webmaster@safehaven.com> http://www.safehaven.com/article-14917.htm Should a near-term rally materialize with the 20-day cycle in the days ahead, then the same would probably see the monthly projected resistance high (1069) acting as strong resistance for the SPX. That rally should also end up as a ... Mike Hewitt <webmaster@safehaven.com> http://www.safehaven.com/article-14923.htm On November 3, 2009, the Reserve Bank of India (RBI) announced the purchase of 200 tonnes of gold from the International Monetary Fund (IMF) for US$6.7 billion. This represents the largest one-time central bank purchase in recent history ... Reggie Middleton <webmaster@safehaven.com> http://www.safehaven.com/article-14916.htm The condo glut will literally devastate rental and owner-occupied buildings in the major metro areas. We have not come close to seeing the worst of the housing price declines. This no exaggeration! Up until this point, most of the attention has been ... Adam Brochert <webmaster@safehaven.com> http://www.safehaven.com/article-14920.htm Ratio charts help keep things in perspective for me. Until my "great awakening" regarding long term investment cycles, I thought everyone just bought and held stocks and then woke up 40 years later with enough money to retire. BWAHAHAHAHA!