Markus Kerber a strong critic of the Euro explains why the Euro is doomed to FAIL! “The problems with the eurozone are fundamentally industrial; fundamentally concerned with the spread of competitiveness. If you look at the development of the last five years there is a great and a growing spread of competitiveness between the northern countries and southern countries. So you have to find a Read More...

Typically, the week before Christmas, stocks and commodities drift higher due to the lack of participants.  Light volume favours higher prices, which is why stocks want to rise going into the holiday season. The big money players, like hedge fund managers, are finished for the year.  They’re sitting on the sidelines enjoying the holiday season while waiting for their year-end bonus checks. Let Read More...

By Elliott Wave International The following series is excerpted from two classic issues of Robert Prechter’s Elliott Wave Theorist. Although originally published in 2004, the valuable series has been re-released in the Independent Investor eBook, along with over 100 pages of other reports that challenge conventional economic thinking. Here is Part 1 of the series. Check back in a few days t Read More...

Submitted by Tyler Durden We already know 2011 was horrible for hedge funds, for Wall Street bonuses, and soon, for luxury retailers. So before we write off 2011 for good, here is the penultimate HSBC report (#52) showing HF performance through mid-December. Some notable mid month numbers: Moore -0.05%; Caxton:  -0.09%; Clive: -1.22%; York: -1.20%; Third Point: -1.80%; Pershing Square:-0.70 Read More...

The past few months have been tough for those holding precious metals stocks, PM futures contracts or physical bullion. With silver is trading down 41%, precious metals stocks down 30% and gold 15%. It has people scratching their head. The question everyone keeps asking is when can I buy gold and silver? Unfortunately that is not a simple answer. With what is unfolding across the pond and the bull Read More...

By Jeff Clark, Casey Research It wasn’t a fun week for gold. By the close on Friday, the metal was down 6.7% (based on London PM fix prices), the biggest weekly decline since September. It got downright irritating when the mainstream media seemingly rejoiced at gold’s decline. Economist Nouriel Roubini poked fun at gold bugs in a Tweet. Über investor Dennis Gartman said he sold his h Read More...

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Submitted by Tyler Durden We thought we had seen it all. And then comes Goldman. The firm, which continues to eviscerate its clients, just closed its Long Copper and Zinc June 2012 trades at massive losses: the first was opened on May 23 at $8,804/t, and closed on December 19 at $7,274/t, for a loss of $1,530/t, the second opened May 23 at $2,189/t, closed on December 19 at $1,891/t, for a loss o Read More...

Submitted by Tyler Durden As Bob Janjuah, of Nomura, notes in his final dissertation of the year, our in-boxes are stuffed with all the good cheer of sell-side research outlooks. However, the bearded bear manages to cut through all the nuance to get to the six questions that need to be addressed in order to see your way successfully in 2012. With the US two-thirds of the way through the post-cri Read More...

By Eric McWhinnie Red has been the color of choice for gold and silver this week.  On Wednesday, gold fell below $1,600 to close at its lowest level since September.  Meanwhile, silver fell below its $30 support level.  Although many were quick to declare the bull market in precious metals dead, many investors questioned the call, because the long-term fundamentals have not changed. Investing Read More...

I know that during a correction of the magnitude we are seeing right now it seems more like the gold bull is dead than on the verge of moving into what I expect will be one of the greatest parabolic moves in history. However, all of the conditions necessary to launch the bubble phase are now in place. Gold is in the process of putting in an intermediate degree bottom. That bottom, which is only da Read More...

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By Louis James, Casey Research We have reported on changes in global gold demand, from booming investment demand in Asia to European and US debt concerns that have re-solidified gold’s long tenure as the ultimate safe-haven asset for turbulent times. In fact, with investment demand from private and institutional buyers continuing to grow and central banks increasing their gold reserves, tot Read More...

By Kevin Brekke, Casey Research A new polysyllabic term has entered the Wall Street lexicon and is sweeping through the investing world like a brush fire through a dry canyon: “hypothecation.” With its connection to the MF Global bankruptcy and aftermath, it engenders the kind of fear a homeowner might feel while monitoring the approaching flames. The rise of hypothecation as the lead Read More...

Willem Weytjens www.profitimes.com   I guess a lot of people wet their pants last night, as gold was down over 4% at some point. The chart incurred technical damage over the short term, and if current support fails to hold, gold could be headed for about $1,440 (or the equivalent of $140 GLD), as we will discuss later on. Let’s first have a look at an article I wrote in August 2011 when I Read More...