Tuesday, 2 August 2011

How Low Can Gold Go on a Pullback?

by moneyandmarkets on Aug 2, 2011

The deal to raise the debt ceiling and cut the deficit could be a trigger for a pullback in gold. Sean Brodrick tells you when might be a good time to invest in the precious metal, and how to buy on weakness, either physically or with ETFs.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Parker Sees U.S. Under Negative Credit Watch by November

Aug 2, 2011 by Bloomberg

Aug. 2 (Bloomberg) -- Bob Parker, senior adviser at Credit Suisse Asset Management, discusses the outlook for a U.S. credit-rating downgrade. Parker, speaking with Francine Lacqua on Bloomberg Television's "On the Move," also talks about gold prices, currency markets and the risk of a global double-dip recession.

Gold Price Soars to New Record as U.S. Economy Stalls - www.goldalert.com

Gold Price Soars to New Record as U.S. Economy Stalls

Tuesday, August 2, 2011, 9:02am EDT Written by GoldAlert Staff.

GOLD PRICE NEWS – The gold price soared to yet another all-time high Tuesday morning, rising $21.50 to $1,640.80 per ounce. The price of gold dipped briefly following the deal to raise the debt ceiling, but quickly bounced back amid concerns that the United States would lose its AAA credit rating. Helping to further boost gold prices was a fresh batch of economic data showing the U.S. economy was slowing materially. Weak Q2 GDP data, downward revisions to previous quarters, and softer June manufacturing figures has fueled a surge in investment demand for gold and investments tied to the gold price.

News this morning that consumer spending fell 0.2% in June was weaker than market expectations of a 0.1% gain. The gold price has begun to significantly outperform cyclically-sensitive stocks and commodities as a series of disappointing U.S. economic reports has been released. Gold has also outperformed its sister precious metal, silver, in recent months. Silver – which sits 20% below its spring all-time high of $49.79 per ounce – is following the gold price higher Tuesday morning, rising 2.0% to $40.11 per ounce.

http://www.goldalert.com/2011/08/gold-price-soars-to-new-record-as-u-s-economy-stalls/

Lewis Says Gold Prices Set to Increase as Much as 30%

Aug 2, 2011 by Bloomberg

Aug. 2 (Bloomberg) -- Michael Lewis, managing director and head of commodities research at Deutsche Bank AG, discusses the outlook for gold prices. Lewis, speaking with Francine Lacqua on Bloomberg Television's "Countdown," also talks about silver.

New pan Asian gold exchange-On the Edge with Max Keiser-07-29-2011

by PressTVGlobalNews on Jul 30, 2011

http://www.presstv.com/Program/191483.html

In this edition of On the Edge, Max Keiser interviews Ned Naylor-Leyland from Cheviot Asset Management.

He talks about the new pan Asian gold exchange and what it means for global currency and commodities markets.

110801 - Hyper Report

by HyperReport on Aug 1, 2011

This Hyper Report is sponsored by FutureMoneyTrends.com (http://futuremoneytrends.com/ )

Source Links for Today's Items:

Quick Summary of the Budget Control Act
http://keithhennessey.com/2011/08/01/bca-summary/
http://hosted.ap.org/dynamic/stories/U/US_DEBT_SHOWDOWN_HOUSE_VOTE?SITE=AP&am...

Congress to Decide Whether Super Congress Could Impose Gun Control
http://gunowners.org/a08012011.htm
http://www.youtube.com/watch?v=p8g4MccA_lo (Thanks Thorneization)
http://www.politico.com/news/stories/0811/60421.html

10 Signs the Double-Dip Recession Has Begun
http://www.msnbc.msn.com/id/43946055/ns/business-us_business/

Mobius: US Dollar, Treasurys No Longer Safe Havens
http://www.cnbc.com/id/43938134/Mobius_US_Dollar_Treasurys_No_Longer_Safe_Havens

New Pan Asian Gold Exchange-On the Edge with Max Keiser
http://www.youtube.com/watch?v=cU8VoafEb00

How Big is the U.S. Debt?
http://www.youtube.com/watch?v=Q-w-8fXzwQE

Bill Clinton: Government Should Regulate Internet Speech
http://bigjournalism.com/wthuston/2011/05/17/bill-clinton-government-should-r...

The content contained in the Hyper Report is provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any significant investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.

This video is protected by the Fair use Act-Title 17 Chapter 1, Article 107 pertaining to the use of copyrighted works to illustrate an opinion, or for educational purposes...

Thank you.

How an Economy Grows and Why It Doesn't (by Irwin Schiff)

by Nielsio on Apr 19, 2009

More storybooks at: http://vforvoluntary.com/documentaries-and-storybooks

The Mises Institute and Austrian Economics
http://mises.org/

Outtro music:
http://www.musopen.com/music.php?type=piece&id=415

The PDF:
http://www.scribd.com/doc/8009736/Irwin-Schiff-How-an-Economy-Grows-and-Why-I...

110731 - Hyper Report

by HyperReport on Jul 31, 2011

This Hyper Report is sponsored by FutureMoneyTrends.com (http://futuremoneytrends.com/ )

Source Links for Today's Items:

Moody's: Neither Debt Plan Protects the Nation's AAA Rating
http://thehill.com/blogs/on-the-money/801-economy/174447-moodys-neither-plan-...

How Would the Supreme Court Rule on Obama Raising the Debt Ceiling Himself?
http://www.tnr.com/article/politics/92884/supreme-court-obama-debt-ceiling

Five Things You Need to Know About the Economy
http://www.caseyresearch.com/cdd/five-things-you-need-know-about-economy

US Economy: GDP Growth Much Weaker Than Thought
http://www.bbc.co.uk/news/business-14344671

Gold Will Drop to $1390 By Year-end and $1000 by 2013!
http://www.munknee.com/2011/07/gold-will-drop-to-1390-by-year-end-and-1000-by...

Six Plumes Erupt Over 12 hours
http://www.youtube.com/watch?v=J2RBQiDlD_k

The content contained in the Hyper Report is provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any significant investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.

This video is protected by the Fair use Act-Title 17 Chapter 1, Article 107 pertaining to the use of copyrighted works to illustrate an opinion, or for educational purposes...

Thank you.

Deal helps US dodge default but not downgrade: analysts

Aug 1, 2011 by AFP

A deal to raise the US debt ceiling will ensure the world's largest economy doesn't default, but analysts were sceptical on Monday whether it will be enough to avoid a damaging ratings downgrade.Duration: 00:48

Debt Deal: So Who Are the Winners & Losers? finance.yahoo.com/blogs/breakout

Stocks Shrug Off the Debt Deal: So Who Are the Winners & Losers?

By Jeff Macke | Breakout – 3 hours ago

http://finance.yahoo.com/blogs/breakout/stocks-shrug-off-debt-ceiling-deal-winners-losers-143338084.html;_ylt=Aio2q6E_OyZ8_rzemFYedVm7YWsA;_ylu=X3oDMTE5dmthNHY4BHBvcwMzBHNlYwNGUEJyZWFrb3V0QmxvZwRzbGsDc3RvY2tzc2hydWdv

For weeks the attention of the country and world financial markets were fixated on Washington DC and what was variously referred to as a debt ceiling, default risk and budget crisis. It seems a deal has been struck and though details of it are coming to us in dribs and drabs, the gist seems to be an agreement to raise the debt ceiling by just under a $2.1 trillion in two stages, sufficient to push the next debt ceiling debate out past the 2012 elections. In turn, spending is to be cut $917 billion over 10 years. In addition it charges a special committee of 12 to the task of finding an additional $1.5 trillion in deficit reduction by November 23rd. If the committee fails to find the cuts, $1.5 trillion will be cut between domestic and military spending, again over the next 10-years.

So we're raising the amount of debt we can take on in the next two years by $2.1 trillion, in return for spending cuts of $2.4 trillion over the next decade.

The bottom line is a more or less immediate hike in the amount of debt owed by the U.S. weighed against a slightly larger amount of spending cuts spread out over the next decade. For all the kicking and screaming, all the scare tactics on both sides, all the moaning and embarrassment, the only thing accomplished was setting a rate at which the United States spends money it doesn't have.

The risk of actual default was illusory. The budget was addressed only in passing and with nothing even slightly resembling a resolution, and the debt ceiling was raised just as it has been dozens of times since instituted.

In terms of a credit rating it's up to Standard & Poors and Moody's to bless this deal (which they really can't) or live up to their threats of downgrade which they likely won't do for entirely political reasons. The rating of the U.S. is a moot point regardless as a) the market sets rates, and b) the world has no where else to go. In effect the downgrade has already occurred and the impact has been minor, at most. What Moody's and S&P have to say about it doesn't much matter. The market sets rates and has already spoken.

Which leaves me the task of breaking down the winners and losers in the Debt War of 2011:

Winners

The media: Summertime generally equals ratings death for both basic cable and networks. This summer every talk show and talk show variant had an endless number of topics to hash out and what in effect was a government subsidized crisis to report.

Social Security beneficiaries: Social Security will never be touched. Not ever. This is bad news for those who currently pay Social Security taxes, but good news for everyone who will one day receive SS benefits. At least in theory.

Losers

The Presidency: The President has announced that the deal lets the nation avoid a financial crisis caused by Washington. There are a couple of problems with this. First, this wasn't a crisis. The Cuban Missile Crisis was, appropriately enough, a crisis. This was politics. The President failed to lead. He didn't or couldn't exert his will to control the tone of the conversation. He even failed to notice the irony of the President of the United States blaming Washington DC for creating a crisis. The President's job is to control Washington DC and be the captain of the ship. This debate illustrated the degree to which the office can be neutered with an ineffectual leader.

Republicans: The Right clung so hard to a vow not to raise taxes that they sent us to the abyss. Was not raising taxes to throw money into the train wreck of government noble? Sure. Was signing off on a deal which simply pushes a real solution out into the future an actual solution? No way. It's not a fiscally responsible move to spend more in the now with a vow to save more in the future. Celebrating this solution as a victory over runaway spending is ludicrous.

Democrats: Simply a battering for the Left. The Democrats own the White House and they've been reduced to calling the Right "children" and "terrorists." Making the rich "pay their share" and sticking it to an imaginary body of people who own their own jets isn't an economic policy.

America: We look ridiculous. We have become ridiculous. America remains the best country on Earth by most if not all reasonable measures, but the spread between us and the rest of the world has closed ever so slightly over the last months. The politicians have been revealed as short-sighted fools but we elected them.

Shockingly the debt "resolution" has no impact on our stock market. Our futures were up as much as 1.5%, the markets opened with a bang, but the debt ceiling rally faded by 10am today. The market is voting, and it's the economy that matters.

This of course is strictly my view. I encourage you to watch the video and let us know what you think in the comment section below.

Precious Metal: Investing and Collecting in Today's Silver, Gold, and Platinum Markets

Precious Metal: Investing and Collecting in Today's Silver, Gold, and Platinum Markets

By Whitman Publishing	Item No. #9780794833992
Format: Hardcover

Gold and silver have skyrocketed in value in recent months. Everyone is talking about buying, selling, investing in, and collecting these precious metals as well as platinum and palladium, two relative newcomers to the bullion field. Precious Metal teaches you how to make smart decisions when buying these commodities; how to sell without getting ripped off; the best formats of precious metal to invest in; traps and pitfalls to avoid; and much more.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

MinKL Invest

Pages

Tuesday, 2 August 2011

How Low Can Gold Go on a Pullback?

Parker Sees U.S. Under Negative Credit Watch by November

Gold Price Soars to New Record as U.S. Economy Stalls - www.goldalert.com

Gold Price Soars to New Record as U.S. Economy Stalls

Lewis Says Gold Prices Set to Increase as Much as 30%

New pan Asian gold exchange-On the Edge with Max Keiser-07-29-2011

110801 - Hyper Report

How an Economy Grows and Why It Doesn't (by Irwin Schiff)

110731 - Hyper Report

Deal helps US dodge default but not downgrade: analysts

Debt Deal: So Who Are the Winners & Losers? finance.yahoo.com/blogs/breakout

Stocks Shrug Off the Debt Deal: So Who Are the Winners & Losers?

Precious Metal: Investing and Collecting in Today's Silver, Gold, and Platinum Markets

Precious Metal: Investing and Collecting in Today's Silver, Gold, and Platinum Markets

By Whitman Publishing

WORLD