Gold is higher by 20% this year but the large cap gold stocks (GDX) are down 6% while the junior gold stocks (ETF) are down 25%. With Gold higher by 20%, we’d normally expect the gold stocks to be up 50% and more. Needless to say 2011 has been a difficult year for gold bugs. Its been a near disaster for most junior gold stocks. That being said, there...

By Eric McWhinnie Last week, gold futures for December delivery increased 3.6%, while silver futures gained 5.1%.  The catalyst for the gains came from central banks agreeing to make dollar borrowing cheaper for the euro zone.  Currently, gold and silver are holding onto gains as investors wait for another catalyst. Investor Insights: Why is Gold...

Submitted by Tyler Durden As investors proceed happily through the forest that is this week’s potentially epic fail, Nomura asks the question on every European is asking – What’s in my wallet? Investors holding EUR-denominated assets and obligations face potential redenomination of contracts into new currencies. Based on the current...

Last week marked the one year anniversary of my Trade Alert Service, and subscribers could not be happier with the results. The first year return came in at 42.2%, putting us in the top one tenth of one percent of all hedge fund managers. By comparison, the S&P 500 Index came in wheezing with a moribund 1.3% gain during the same time period, which...

David A Banister- www.MarketTrendForecast.com Back in August with Gold running to parabolic wave 3 sentiment induced highs, I warned of a major top and multi-month correction.  We all know that the fundamentals for the shiny metal are stronger than ever, but you must keep in mind that the market prices all that in well l in advance.  Coupled with...

Xcerpt from the Week Ahead Section: Stocks enjoyed a strong, bullish run this week, thanks to the efforts of the world’s central bankers. Earlier in the week, Bruce Krasting discussed the ECB’s need to engage in “shock and awe” tactics and make central bank friends. On Wednesday, immediately after Bruce published On FX intervention and...

Courtesy of ZeroHedge. Submitted by Charles Hugh Smith from Of Two Minds It’s Your Choice, Europe: Rebel Against the Banks or Accept Debt-Serfdom The European debt Bubble has burst, and the repricing of risk and debt cannot be put back in the bottle. It’s really this simple, Europe: either rebel against the banks or accept decades of debt-serfdom. All...

Courtesy of ZeroHedge. Submitted by Tyler Durden. In the following video Chris Martenson – economic analyst at chrismartenson.com and regular guest contributor to Zero Hedge, and James Turk, Director of the GoldMoney Foundation talk about the problems facing the eurozone as well as the global economy. Chris Martenson points out that the whole...

Tim Iacono Since reading about the central bank dollar swap program announced the other day and that it really isn’t anything new, just the resurrection of a 2008-era crisis facility, plotting these swap lines versus everything else on the Fed’s balance sheet seemed like a good idea. Get your FREE GOLD Bullion Weekly Report sponsored by NYSE As...

Courtesy of Mish In Unemployment Rate Dips to 8.6% as 487,000 Drop Out of Labor Force I presented some quick facts on the drop in the unemployment rate. In the last year, the civilian population rose by 1,726,000. Yet the labor force fell by 67,000. Those not in the labor force rose by 1,793,000. In November, those “Not in Labor Force”...

by Karl Denninger I’d take credit for a “spot on” prediction, but unfortunately it’s not that simple.  Let’s first deal with the simple — the headline. I said +125k +/- 50, and the actual number was +120k. The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and nonfarm payroll employment...

By Eric McWhinnie After a 20% fall in September, the technical picture for gold is improving.  In September, gold touched a record nominal high just above $1,920, but quickly fell to about $1,540.  The move scared speculators and offered a great buying opportunity for those wishing to invest in gold.  Now, gold prices have recovered to $1,750. ...

Submitted by Tyler Durden Couldn’t happen to a nicer advisor to Joe Biden JON CORZINE SUBPOENAED BY HOUSE COMMITTEE HOUSE AGRICULTURE VOTES TO ISSUE SUBPOENA IN WASHINGTON TODAY Don’t forget to get your popcorn out for next Thursday: HOUSE AGRICULTURE COMMITTEE SETS DEC. 8 HEARING ON MF GLOBAL Yup. Biden advisor. And here is what Jon...

Much of the fury in yesterday’s nearly 500 point “melt up” in the Dow was generated by hedge funds panicking to cover shorts. Convinced of the imminent collapse of Europe, the impotence of governments, and the death spiral in sovereign bonds, many managers were running a maximum short position at the Monday opening, and for the umpteenth time,...

Courtesy of Jesse’s Cafe Americain    Anyone who has ever worked in a large corporation has seen the empty suits that seem to inexplicably rise to positions of power. They talk a great game, possessing extraordinary verbal acuity, and ofen with an amazing ability to rise quickly without significant accomplishments to positions of great personal...