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DAVID BRADSHAW ~ links ~ offers ~ wisdom
Editor, Real Money Perspectives ~ weekly email
"Metals: Trade of the century" -KFNN, 7.30.09 ($933 gold)- Listen
2-8-10 -- Gold's bigger picture -- Listen
Monday gold prices stabilized above $1,060/oz. on a firmer dollar, DJIA back below 10k. Gold last traded down $3.60 to $1,061.40/oz., silver fell $.17 to $14.98/oz. Precious metals prices have fallen back over the last 60 days as both stocks and commodities retreated. "Buying near market lows helps investors maximize long-term growth," said Swiss America Chairman Craig R. Smith ...
FEBRUARY News & Views...
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Latest Special Offers
REAL MONEY PERSPECTIVES 2010 ~ 28th Anniversary IssueWe've entered this 21st century 'gilded age' gradually until recently. Gold's next stage will likely be exciting as the public begins to understand gold as the ultimate form of money worldwide. In less than a decade gold has moved from a fringe investment to a universally-respected asset ... more...
Dollar Crisis: THE Story of 2009-2010
As faith in Obamanomics flickers, the U.S. dollar burns ~ BY DAVID BRADSHAW ~ Editor, Real Money Perspectives ~ The dollar is making new economic headlines daily as the world rushes to find a new reserve currency with a trustworthy store of value. Here are 2 dozen news summaries just from the past two weeks! Together they explain what's behind the world's plan to ditch the dollar ASAP... more...
Dollar's Day of Reckoning Looms
The dollar hit a four month low in May 2009 as recent gains in U.S. stocks prompted some investors to flee the buck. "The world's biggest currency-trading firms say the dollar's appeal as a haven all but evaporated." The buck has now lost 97% of its buying power since 1915! Here's what to do to fight back... more...
GOLD'S FUTURE BRIGHT!
Why over 75 experts see $2,200/oz. average gold price ahead ... Do you trust YOUR financial experts advice? Have they grown your hard-earned money during the last year, five years, decade? If so, you are to be congratulated! If not, perhaps you should be listening to different experts. For example, some experts say the gold rush is now over...more...
Latest Feature Commentary
Gold: Asset of the Century 12.4.09 -- BY CRAIG R. SMITH & DAVID BRADSHAW -- Today's gold price drop from $1,210/oz to $1,160/oz. is a perfect example of a healthy bull market correction. I hope prices drop further because then India, China and many others will view this as a buying opportunity ... more ...
CASH FOR GOLD: Are You Kidding?
10.20.09 -- By Fred Goldstein, Sr. Broker SATC -- For the better part of a year Americans have been besieged with television, radio and print ads imploring us to sell our gold coins and jewelry for cash. Aside from helping a poor soul in need of immediate cash, the concept is flawed and needs to be exposed. The ads usually say...
more...
What would you do?
9.18.09 -- Analysis of the last (and next) financial crisis -- By Craig R. Smith -- If you had been able to foresee the sub-prime mortgage crisis and what it would do to the economy, what would you have done differently? With Commercial Mortgage-Backed Securities coming due at the end of 2009, our tumultuous economy won't likely be calming down anytime soon... more...
Morally-Correct Money for the 21st Century
9.4.09 -- BY CRAIG R. SMITH & DAVID BRADSHAW -- Our original, morally-correct money system was wisely established by our Founding Fathers over 200 years ago. Millions of Americans are rediscovering that system today as credit, stock and housing market bubbles have popped in the new millennium. Through it all one asset class has shined the brightest this year and every year since 1999... more...
Golden Minute Archives...
2-5-10 -- Markets steady after volatile week -- Listen
Friday gold prices stabilized near $1,065/oz. despite a firmer dollar, Dow rebounds to 10k. Gold last traded up $1.90 to $1,065.10/oz., silver fell $.09 to $15.17/oz. Precious metals gave back their early February gains this week as both stocks and commodities fell on downbeat jobs data and global debt worries. Gold steadied on Friday as bargain hunters decided to buy the dip ...
2-4-10 -- Fear grips Wall St, $1,400 gold ahead! -- Listen
Thursday gold prices fell near $1,065/oz. as the dollar hit a 7-month high on jobs fears. Gold last traded down $46.10 to $1,063.20/oz., silver fell $1.11 to $15.26/oz. "Following each of the last six major corrections since 2003 gold prices have risen an average of 36%. That means we could see gold prices rise above $1,400/oz. before the next major correction, if this pattern continues," said Swiss America Chairman Craig R. Smith...
2-3-10 -- Gold fundamentals solid -- Listen
Wednesday gold prices paused after recent gains on a firmer dollar amid downbeat jobs data. Gold last traded down $4.90 to $1,108.50/oz., silver fell $.35 to $16.35/oz. "The World Gold Council said suggestions of a gold ‘bubble’ do not take account of gold’s market fundamentals. 'The current trading range should not be regarded as an overnight spike, but the result of favorable and robust gold fundamentals," reports Telegraph ...
2-2-10 -- Metals rise with debt & taxes
-- Listen
Tuesday gold prices rose above 1,110/oz. on a weaker dollar as debt and deficit worries grew. Gold last traded up $8.50 to $1,114.10/oz., silver rose $.01 to $16.68/oz.
Obama's plan to cut $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for the middle-class. Investors will pay more on their earnings with tax on dividends jump to 39.6% from 15%," reports Reuters ...
1-29-10 -- Investors jittery in January
-- Listen
Friday gold prices held at $1,080/oz. on a firmer dollar as stocks fell
despite upbeat GDP. Gold last traded down $5.40 to $1,080.00/oz., silver
fell $.07 to $16.16/oz. Year-to date gold prices eased back 1.5% while
silver slipped 4.4%. Meanwhile, the Dow fell 3.5% for the worst month
in nearly a year, disappointing investors who adhere to the adage "As
January goes, so goes the year." Precious metals remain a fundamental
buy and hold, with their decade-long bull market soundly intact ...
1-28-10 -- Fill Obama's "deficit of trust" with gold
-- Listen
Thursday gold prices steadied near $1,085/oz. on a firmer dollar as investors
mulled U.S. "deficit of trust". Gold last traded down $1.70 to $1,085.50/oz.,
silver fell $.39 to $16.20/oz. Bernanke Wins Second Term, ending a bruising
political battle. Meanwhile the Dow is poised to have its worst monthly
decline since the end of the bear market and... President Obama says we face "a deficit of trust" ...
1-27-10 -- Gold transcends the politics of debt
-- Listen
Wednesday gold prices fell below $1,100/oz. on a firmer dollar, do-nothing Fed precedes Obamaspeak. Gold last traded down $10.20 to $1,086.60/oz., silver fell $.22 to $16.55/oz. "Gold is not in a bubble but undervalued. As long as the US monetary and fiscal policies remain debt-based fueling future inflation, gold's bull market run has only just begun. Money is no longer money. We remain convinced that gold will soon trade at $1,300 an ounce
and in the long run push beyond over $2,000 an ounce," reports SafeHaven.com ...
1-26-10 -- Uncertainty and confidence up
-- Listen
Tuesday gold prices consolidated near $1,100/oz. despite a firmer dollar amid mixed economic signals. Gold last traded up $.90 to $1,098.00/oz., silver fell $.39 to $16.73/oz. Consumer confidence rose for the 3rd month. Meanwhile, President Obama will propose a spending freeze for some federal departments, on concerns about growing deficits unsustainability. "News that the Senate has scheduled a hearing on President Obama's bank proposal for next week rattled the market," said CNBC ...
1-25-10 -- Bargain buying lifts gold near $1,100
-- Listen
Monday gold prices bounced back near $1,100/oz. on bargain hunting and a weaker dollar. Gold last traded up $5.60 to $1,097.10/oz., silver rose $.16 to $17.13/oz. "Gold remains in fundamental uptrend due to negative outlook of debt and government deficits," said Martin Murenbeeld at DundeeWealth. Sentiment is cautious ahead of COMEX option expirations and the Fed's interest rate decision on Wednesday," reports Reuters ...
1-22-10 -- Gold's bucking bull market
-- Listen
Friday gold prices steadied below $1,100/oz. on a weaker dollar amid global credit-tightening fears. Gold last traded down $.30 to $1,092.80/oz., silver fell $.31 to $17.06/oz. Both gold and silver prices are about where they began the year, having fallen nearly 4% this week. Savvy investors who bought precious metals on the dips have been richly rewarded. Welcome to gold's "bucking bull market" of 2010. Hold on tight partner ...
1-21-10 -- Obama warns, markets slide
-- Listen
Thursday gold prices slid below $1,100/oz. as dollar strength and bank worries pushed stocks lower. Gold last traded down $16.50 to $1,094.80/oz., silver fell $.48 to $17.39/oz. Stocks fell sharply after President Obama spoke about his planned crackdown on Wall Street's risk taking, saying he wanted to prevent a return to the 'old practices' that led to the financial meltdown," reports CNBC ...
1-20-10 -- Dollar rallies, markets fall
-- Listen
Wednesday gold prices fell over 2% as dollar strength pushed stocks &
commodities lower. Gold last traded down $26.40 to $1,111.20/oz.,
silver fell $.86 to $17.90/oz. "Despite bullion's losses, underlying
strength seen in the metal considering the magnitude of dollar's rise.
A pullback is needed in the metal for new buying to emerge. The latest
decline is seen as minor downtrend in bull market," said George Nickas
at FC Stone reports Reuters ...
1-19-10 -- Metals rise on bargain hunting
-- Listen
Tuesday gold prices rose above $1,135/oz. on bargain hunting despite dollar strength amid economic uncertainty. Gold last traded up $4.90 to $1,137.60/oz., silver rose $.12 to $18.76/oz. "The U.S. dollar was rose against the euro as European debt and weak German confidence pressured the currency. Gold should trade in opposition to the U.S. dollar, but the precious metals found support from bargain hunters," reports TheStreet ...
1-15-10 -- Markets fall with investor mood
-- Listen
Friday gold prices dipped near $1,130/oz. on dollar strength amid growing economic recovery worries. as we see continuing weakness in the U.S. dollar driving the yellow metal to new all-time highs, probably in the first quarter of this year," reports Marketwatch...
1-14-10 -- Investors shun dollar, buy gold
-- Listen
Thursday gold prices rose above $1,140/oz. on growing expectations of a weaker dollar in 2010. Gold last traded up $4.90 to $1,142.00/oz., silver rose $.02 to $18.66/oz. "The U.S. must soon raise taxes or cut government spending to curb its debt, and failure to act will risk a crippling dollar crisis as investor confidence ebbs. The national debt has risen above 50% of GDP (gross domestic product) from 40% two years ago," reports Reuters ...
1-13-10 -- Dollar decline boosts markets -- Listen
Wednesday gold prices zig-zagged above $1,135/oz. on a weaker dollar with further erosion expected ahead. Gold last traded up $9.80 to $1,137.60/oz., silver rose $.38 to $18.63/oz. "Gold rose for the third time in four sessions on speculation that the Fed will hold U.S. lending rates low for an extended period, eroding the value of the dollar. The greenback dropped as much as 0.5% percent against a basket of six major currencies," reports Bloomberg ...
1-12-10 -- China drives gold volatility -- Listen
Tuesday gold prices fell near $1,125/oz. on technical selling after China's monetary policy change surprised traders. Gold last traded down $23.90 to $1,126.80/oz., silver fell $.31 to $18.24/oz. "News of China's tightening monetary policy triggered heavy technical gold selling. China's banks' reserve requirements hike dampens bullion investor sentiment," reports Reuters ...
1-11-10 -- Gold prices set to rise 30% -- Listen
Monday gold prices rose above $1,150/oz. on a weaker dollar as Wall St. rallied despite rising oil. Gold last traded up $13.10 to $1,150.80/oz., silver rose $.08 to $18.56/oz. "In 2010 Gold prices are set to rise 30% in a volatile market, according to Ross Norman of BullionDesk.com. Norman said that spot gold prices will average $1236 with possibility of prices touching $1425. Silver prices will average $19.55 with a high of $21.50," reports CommOnline ...
1-8-10 -- Bulls cheer the new year -- Listen
Friday gold prices rose above $1,135/oz. on a weaker dollar after disappointing jobs data. Gold last traded up $7.60 to $1,137.70/oz., silver rose $.23 to $18.48/oz. Precious metals rose nearly 3% during the first week of trading in 2010 as investors and funds positioned themselves for economic uncertainty and the strong possibility of rising inflation and a weaker dollar. Meanwhile, "President Nicolas Sarkozy urged an end to the US dollar's global dominance," reports AFP ...
1-7-10 -- Commodity Super-Cycle rocks on -- Listen
Thursday gold prices eased from 3-week highs on a firmer dollar. Gold last traded down $8.00 to $1,130.10/oz., silver rose $.04 to $18.25/oz. Commodity Super Cycle Ready to Rumble in 2010: "Traders are plowing billions into commodities and precious metals, betting on the debasement of all paper currencies. The "Commodity Super Cycle" is kicking into high gear, with G-20 central bankers fueling asset bubbles," reports SafeHaven ...
1-6-10 -- Metals rise to 3-week high -- Listen
Wednesday gold prices rose to a 3-week high on rising demand and a
weaker dollar. Gold last traded up $19.80 to $1,137.00/oz., silver
rose $.41 to $18.17/oz. "The gold price will hit $1,500 an ounce
or higher during 2010," says precious metals analyst Jeff Nichols.
"An ongoing bull market will push prices to a cyclical high of $2,000,
$3,000 or more in the next few years as the U.S. is heading for years of stagflation," reports Mineweb ...
1-5-10 -- Gold relaxes after leaping into 2010 -- Listen
Tuesday gold prices pared recent gains on a firmer dollar as stocks closed mixed. Gold last traded down $3.70 to $1,117.20/oz., silver rose $.18 to $17.76/oz. The last decade is now often referred to as 'the lost decade' for both Wall St. stocks as well as Main St. jobs. No wonder individuals, institutions and governments are turning to gold once again as the only trustworthy foundation to build a brighter financial future upon ...
1-4-10 -- Falling dollar boosts all markets -- Listen
Monday gold prices shot up to $1,120/oz. as a weaker dollar prompted buying of stocks and commodities. Gold last traded up $24.50 to $1,120.90/oz., silver rose $.70 to $17.57/oz. "Gold ended 2009 with the biggest absolute annual gain in three decades," reports Reuters. "An appetite for risk has returned. Analysts cited a willingness of funds to put investment money back to work at the start of a New Year," reports Dow Jones ...
New Years 2010 -- Not to worry: You do own gold, right?
ABOUT THE EDITOR
David M. Bradshaw is Editor of Real Money Perspectives, a daily financial/market news digest. In 2001, he published REDISCOVERING GOLD IN THE 21ST CENTURY and has been an economic commentator since 1987, as producer/co-host of "World Economic Perspectives" radio show. In 2007, he released a new DVD, "Rare Opportunity" a 25-minute summary of 25 years of experience. Find out more about THE BIG PICTURE at MIF...Personal note: I have 3 grown daughters, 11 grandkids plus youngest daughter Braida Zoe (age 5) who loves to sing, read, hike, swim, bike, trampoline and collect rocks and coins.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of Swiss America. Past performance of any investment is no guarantee of future performance. All investments have risk.
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