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.

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Central Banks Push Up the Gold Price By David Galland, Managing Director, Casey ResearchFor some years now, Doug Casey has gone on record with his view that we’ll know the gold bull market is really picking up steam when central banks stop selling their reserves of gold and begin buying the stuff. The following excerpt [...]

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While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport is that gold is in a bubble.

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Richard Russell of Dow Theory Letters, aged prognosticator and highly respected, has stated that he sees disaster looming: ” Do your friends a favor. Tell them to “batten down the hatches” because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order [...]

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I was a bit astonished today to find that in the midst of all of this turmoil the Aden Sisters Forecast is actually going to be delayed one day this week because of a technical difficulty. I presume they mean of the computer sort and not market technical analysis. At times like this, investors who [...]

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When India bought 200 tonnes of IMF gold last November 3, it set off a buying spree that saw gold rise 14.2% in 4 weeks. What if this time around, a couple central banks both want the gold for sale? What if China says to India, “Not so fast, guys. We’d like to bid on that, too…” and word of that clash leaked out?
Pure speculation, of course, but competing for gold purchases isn’t a far-fetched idea. This sale is not pre-arranged; it’s an open market sale. Also, there’s only so much to go around. These two countries have only a tiny amount of their reserves in gold. Throw in the fact that central banks worldwide are already net buyers.
A pretty delicious thought, wouldn’t you say?

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There are some good arguments put forth over the weekend why we might see long bond rates go down, not up (in the near term) and see the gold price retest important support levels around $1075 and then if that does not hold, down around $975. Does this scare me? Nope, I would love to [...]

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Normally I recommend buying gold and Canadian junior gold stocks in the summer, during the “summer doldrums” or “Summer shopping season” as I like to call it, when the gold price typically drops off and volume on the Canadian stock exchanges dries up and bargains can be had. Well the Summer of 2009 showed no [...]

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Now that gold is in record price territory (in nominal dollars) I certainly hope you took our advice to be a buyer on any dips all the way up. Unfortunately, there really have not been any dips to speak of, at least not lasting more than an hour or so, for the past $200 of [...]

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Naturally, I always prefer to buy gold and silver when they are down; this year there have not been as many opportunities. I still remember being called a lunatic telling people to buy gold in 2001, 2002, etc when the price was as low as $280 for a 1 ounce gold Eagle, and was never [...]

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