If a panic in the broader markets put liquidity-crunch-induced pressure on the gold price, the meltdown should be less severe than in 2008 and the eventual rebound could be dramatic, possibly triggering the mania we’ve been calling for. Remember: the market crash drove gold almost down to $700 in October ’08, but the same fear drove it almost back to $1,000 by February ’09. Silver topped that with a 60% rebound over the same period.
As the debt-glue holding everything together continues to lose its grip, the ride will only get rougher. As bad as 2008 was, if the Crisis Creature appears to be coming back when everyone on Main Street thought it was dead, the fear should be much worse – and that should drive gold way, way north. It’s possible the fear, coupled with the lack of any safer alternatives, could prevent gold from melting down at all, sending it instead straight through the roof into the clear blue Mania Phase sky.
Casey International Speculator's archives
Price of Gold – Meltdown or Mania?
Where Are The Best Speculations Found Today?
Last week, the price of gold again broke below its new base at $1,200, and the U.S. stock market was again under strong pressure, due to a confluence of fears, most of which point to a deflationary double-dip. The fears were fanned by disappointment in the just-released early quarterly results, by the latest CPI reports that show inflation continuing to moderate, and by yet another poll revealing faltering consumer confidence.
Continue reading " Where Are The Best Speculations Found Today? "
Khan Resources Receives Favorable Mongolian Court Ruling
Khan Resources (KRI.TO) was just getting its stock price moving upward again when the Mongolian Nuclear Energy Agency decided to cancel its mining license earlier this year. Khan has some uranium mining operations in Mongolia. But we have just received word that a Mongolian court has ruled in Khan Resources favor and ruled the NEA’s [...]
Continue reading " Khan Resources Receives Favorable Mongolian Court Ruling "
Does Afghanistan Have $3 Trillion Minerals?
Once an anomaly is identified, it takes extensive and very expensive field work to determine the best locations for drilling holes in the ground, which you have to do to calculate a volume of mineralized rock, from which you can estimate the metal contained. It usually takes at least a year, and often several, to identify targets for drilling. And drilling off a deposit of any significant size takes several more years, usually after many false starts and setbacks, because you can’t see through rock to know where the goods are.
Continue reading " Does Afghanistan Have $3 Trillion Minerals? "
Three Bagger On A Resource Stock
I don’t know if someone else coined the term, but I first heard the term two-bagger, three-bagger, ten-bagger from Peter Lynch in his famous book One Up On Wall Street that I read a LONG time ago when Peter was still in charge of the Fidelity Magellan fund. We made some good money with Peter [...]
The Folly Of A War On Terrorism
L: You don’t think America can win the War on Terror?
Doug: [Sighs deeply] No. Not only is that impossible, the very idea is meaningless. Terrorism is not an enemy – it’s a tactic. You can’t have a war on terrorism any more than you can have a war on artillery barrages, cavalry charges – or a war on war, for that matter. The first step in winning a conflict is to identify the actual enemy. And the fools in DC can’t even do that.
But before we look at the future, it’s worth noting that terrorism has long been a favored tool of those in power, going all the way back to ancient times.
Is Ben Bernanke Smart Enough to Be a CEO?
Short answer – HECK NO! If Ben Bernanke wanted to run a real company in the real world he would have to operate by real rules, not Alice in Wonderland, printing press in my back pocket rules. But… maybe someone else has a different opinion! Is Ben Bernanke Smart Enough to Be a CEO? By [...]
Continue reading " Is Ben Bernanke Smart Enough to Be a CEO? "
Columbia – Investing Again In Mining Stocks
Oddly enough, where the mountains were once the guerillas’ strongholds, now they are relatively safe. Basically, where there’s good infrastructure, the army can deploy easily and the rebels don’t stand a chance. Up by Ventana and Greystar, I’m told, some 300 guerillas were cornered and wiped out to the last man. No prisoners in this war. So, they have been pushed out into the most remote regions, which are out on the jungle plains where there are no roads. One project I wanted to see is on the edge of those plains to the west, and the company politely said it was not yet safe… but that there’s a new army base nearby, so in time, the violence will move away.
Continue reading " Columbia – Investing Again In Mining Stocks "
10 Stocks That Could Double In the Next 12 Months
Peter Grandich has a free investment newsletter / blog that many people have come to rely on for investment advice, particularly in the past year with his phenomenal stock market call and for resource stocks of the junior Canadian variety of which he has had a number of recent winners also. Peter has highlighted these [...]
Continue reading " 10 Stocks That Could Double In the Next 12 Months "
How To Value A Mining Companies Gold
At any given time, there’s a single international spot price for an ounce of refined gold. Gold is priced in U.S. dollars: $1,076.50 per ounce as we go to press. But what about the gold an exploration or mining company has in the ground – how do we value that?
Newsletter Sign Up
Recent Posts
Advertisement
What I'm Doing...
- Gold Wins Over Fiat Money http://investletters.com/blog/gold-wins-over-fiat-money/ 6 days ago
- Casey Research Top 5000 Company http://investletters.com/blog/casey-research-top-5000-company/ 1 week ago
- Should I Buy Gold Now Or Wait? http://investletters.com/blog/should-i-buy-gold-now-or-wait/ 1 week ago
- Make Money On Uranium Investing Again? http://investletters.com/blog/make-money-on-uranium-investing-again/ 2 weeks ago
- Do You Own Enough Gold And Silver? http://investletters.com/blog/do-you-own-enough-gold-and-silver/ 2 weeks ago
- More updates...
Posting tweet...
Categories
-
- Casey Big Gold
- Casey Energy Opportunities
- Casey Energy Report
- Casey Energy Speculator
- Casey International Speculator
- Casey Report
- Casey Research Crisis & Opportunity Summit
- Casey Trend Trader
- Casey Without Borders
- Casey's Extraordinary Technology
- Casey's Gold & Resource Report
- Cobalt
- Credit Crisis
- Dollar Weakness
- Expatriate
- Federal Reserve
- Fort Knox Gold
- Geothermal Energy
- Gold and Silver
- Gold Stocks
- Government
- Green Stocks
- Income Taxes
- Inflation / Deflation
- International Investment
- International Living
- Investment Predictions
- Peak Oil
- Recession / Depression
- Retire Overseas
- Ron Paul
- Roth IRA and Conversion
- Stock Market
- Technology Stocks
- the TREND letter
- Uncategorized
- Uranium Stocks
- Wind / Solar Energy
Recent Comments
- Can a Technolog… in Casey's Extraordinary Technology
- Can a Technolog… in Casey's Extraordinary Technology
- Stock market ne… in Casey's Extraordinary Technology
- How to Profit F… in Casey's Extraordinary Technology
- Can a Technolog… in Casey's Extraordinary Technology
- Can a Technolog… in Casey's Extraordinary Technology
- Can a Technolog… in Casey's Extraordinary Technology
- How to Profit F… in Casey's Extraordinary Technology
- Can a Technolog… in Casey's Extraordinary Technology
- AsanWay »… in Casey's Extraordinary Technology















