Alf Field Predicts $ 158 as Next Target for Silver

WHAT ABOUT SILVER?
I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct. As I own some silver bullion and a number of silver mining shares, the question caused me to pause and take a closer look at silver.
The reason why I have written very little about silver in the past was because the beautiful Elliott Wave (EW) symmetry and predictable relationships visible in gold were not to be found in silver. I first wrote about silver in December 2003 in an article titled “US Dollar Implosion – Part II”.
Read More @ goldswitzerland.com

 

 

"I'm Bill Gross And I Endorse Ron Paul For President"

As a follow up to today's must read letter from Bill Gross, the PIMCO head explains what was the thinking behind the conclusion that is slowly leading him to become a gold bug, the potentially erroneous assumption that the Fed can not drop rates below zero (not if Goldman and JPM have their way), why Bernanke has no choice but to write checks when the Twist ends in June which will lead to bond buying for the next 12-24-36 months. Nothing new. What is new, and absolutely stunning, is Gross' endorsement for president: 'I'm a little Ron Paulish." (6'24" into the clip)... That's right. The bond king endorses Ron Paul for president. And now we've heard it all.

CBO Warns: Big challenges, ‘worrisome trends’ for U.S.

After years of delaying big decisions, the federal government faces daunting budget challenges, according to Congress‘ chief scorekeeper, which said Tuesday that a churlish economy, low tax rates, and growing spending on Social Security and health care are creating a volatile mixture.
Under the best of cases, that means a fourth straight year of trillion-dollar deficits, covering all of President Obama’s first term in office, and debt nearing a staggering $20 trillion by the end of this decade.
But if Congress continues to extend tax cuts and higher rates of spending, as it has done for the past two years, the situation will be much worse — a total of $10 trillion more in deficits each year for the next decade.
The bad news doesn’t stop there.
“Beyond the coming decade, the fiscal outlook is even more worrisome,” the Congressional Budget Office said in its report.
Read More @ washingtontimes.com

'Buffett Rule' Legislation Introduced in the Senate

Eric De Groot at Eric De Groot - 30 minutes ago

Policies designed to equalize never seem to accomplish their goal because capital, like electricity, always finds the path of least resistance. If taxable barriers impede capital, it will seek a new path. If all paths contain barriers, then capital seeks a new country. The risk/reward game cannot be legislated or “ruled” into accepted social norms of equality. Equality exists through life,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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European Summits: It`s All A Charade

Admin at Jim Rogers Blog - 48 minutes ago

We've been having European summits every few weeks for the past two years, it's all a charade. They are just trying to get through the French elections and I am not paying too much attention to it until they start to take real action. - *in CNBC* *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.*

 
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Gold Chart

Trader Dan at Trader Dan's Market Views - 1 hour ago

Gold bulls breached resistance at $1750 but have been unable to keep the market ABOVE that price. That will be necessary for them to set up a run towards $1775- $1780 where a major upside resistance level is located. There is a bit of weakness in Euro Gold today which is coming off of the rather large rally in the Euro in today's session. That rally sent the Dollar down below critical support at the 79 level on the USDX but that market has rebounded back above 79 thus far. A close below 78.80 should set the Dollar up for a drop towards 78. It is indeed fascinating to watch this s... more » 

Told Ya So: Virginia Officials Confirm Criminal Election Fraud Investigation of Gingrich Campaign

[Ed. Note: As outlined in my video 'The Ron Paul Fix is in', the establishment corporate whore media deck is stacked against Dr. Ron Paul.]
by Brad Friedman , bradblog.com

Had the same thing been carried out by a worker for the now-defunct ACORN, Republicans — and even Newt Gingrich — would have called it massive “voter fraud.” But the 1,500 acts of fraud, by Gingrich’s own admission, were carried out by a worker hired by his campaign, so it seems the media have barely noticed it.
Nonetheless, The BRAD BLOG has received confirmation from two different state agencies that the 1,500 alleged cases of ballot petition fraud said to have been carried out on behalf of the Gingrich campaign, in their unsuccessful attempt to qualify for the Republican primary ballot in Virginia, are now being carried out by the state Attorney General’s office.
Read More @ bradblog.com

In The News Today

January 31, 2012, at 12:00 pm
by Jim Sinclair 

Jim Sinclair’s Commentary

Economic War regardless of the rationalization

Wegelin clients pulled $4 bln, prompting sale-paper Sun Jan 29, 2012 7:58am EST
ZURICH, Jan 29 (Reuters) – The break-up of Switzerland’s oldest bank Wegelin, involved in a row with U.S. authorities over tax cheats, became necessary when clients pulled 4 billion Swiss francs ($4.35 billion) of wealth, Der Sonntag newspaper reported on Sunday, citing unspecified sources.
Under pressure from the investigation, the 270-year-old institution moved assets of 21 billion Swiss francs ($22.9 billion) to a subsidiary Notenstein Privatbank, which was then bought by cooperative bank Raiffeisen.
Wegelin is still left with U.S. assets under scrutiny from U.S. prosecutors.
In his first interview since news of the sale broke on Friday, Wegelin head Konrad Hummler told the paper he had done the right thing at the right time.
"We became the victims of a larger matter. I don’t want to say more than that," he said in a separate interview.
Citing unnamed sources, Der Sonntag said the purchase price for the bank’s good assets was somewhere between 2.5 and 3 percent of the 21 billion-franc total, putting the price tag somewhere around 500 and 600 million francs.
More…

 

 

Jim’s Mailbox

January 31, 2012, at 11:36 am
by Jim Sinclair 

Jim,
Thank you for all your effort and work. It is appreciated by many as these times prove to be very interesting indeed.
If gold mines become nationalized am I correct in my assumption that the shares would essentially become worthless (obviously depending on the specific mine in question)? Would it not be irrelevant whether or not one owns them in paper certificate or other?
Thanks for your consideration to my question,
CIGA Jeff


Dear Jeff,
Most all companies which would include us buy insurance against being nationalized offered by the World Bank and other quasi governmental entities at the point of the project development loan. The title to nationalized properties, if nationalized, are turned over to the insurance company by the operator that guarantees the property values and/or earnings cash flow. If nationalization ends, the property is returned by the insuring entity to the producer. There are varying forms of agreement of reimbursement by the producer to the insurance entity when the problems end and title reverts to the company. The shares of the company are far from worthless if nationalized.
No nationalized property in the history of man has ever made a profit or produced effectively. Chaves obviously never checked the economic history of nationalization.
You cure this problem by giving a proper share of the operation to the real owners of the mineral – your host country.
You invite nationalization by the practice of colonialism in mining, as all majors do.
Regards,
Jim



Hi Jim,
I was quite captivated by your interview with respect to the ISDA. I was a bit surprised neither you or Ellis mentioned what impact the pending event would have on US bond prices, especially the 30 year bond.
What is your take on the impact to the US debt market, assuming the events unfold this week as Jim expects?
I am not soliciting any financial advice, strictly an opinion based on current events.
Thanks,
CIGA Gary

Gary,
Remember what a combination of QE and Operation Twist are? That is non-economic government buying of its own debt.
In time the long bonds are toast, but selling short to the Fed has great risk. Therefore avoid them until 2014.5.
Regards,
Jim



Jim,
Thanks for the interview. Does that mean the opposite? Will we get a huge blast off in all risk assets after the forthcoming announcement?
Thanks as always,
CIGA Kevin

Kevin,
No default means the euro is ok as we walk down a road toward perdition papered by QE3 and "no default" edicts.
Jim

  

The Facebook IPO - Because "This Time It's Different"

While first day jumps in IPOs make for great TV and everyone is anxiously awaiting their allocation to the 'greatest IPO of all time' this week, we thought it might be useful to look at some of the larger and more recent tech IPOs to get some perspective on how close to the moon we will get when Facebook is released. Looking at eight of the larger and more media-promoted IPOs of the last year or two (GRPN, ZNGA, LNKD, P, YOKU, DANG, AWAY, and FFN) we find, aside from the potential for an average 50% pop from the lucky allocation / untradable IPO price, the man in the street that bought the IPO in the market on Day 1 now faces an average loss of 54% with incredibly only 1 of the 8 names (ZNGA) still holding on to gains (+11%) having managed to rally 15% in the last week. We assume that the underwriters will price FB for a nice pop and given the euphoria we hear from talking head after talking head, it doesn't matter where it actually opens, it will be bid to infinity and stay there as unlike all these other well-hyped IPOs (and paradigm changers of the past eh hem YHOO), this one will be different.




Some Good News For Those of Us Who Are Sick of the Corruption

Posted by: Phoenix Capital...

Post date: 02/01/2012 - 12:40

  Corruption is only possible if the benefits to the parties engaged in it far outweigh the potential consequences. However, as soon as the potential consequences become real, that’s when...

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