Thank you for showing interest in our proposal for a new venture regarding stocks. We have been inundated with a positive response from our readership which is truly heartening for us. We will try to cover the main points below, but if we miss something do write and ask us your question.
The following is a missive that we received from Jim Sinclair this morning, who is the host of a web site called Jim Sinclair's MineSet. He sums up the situation much better than we can so its well worth the time spent on reading what he has to say. The above link will take to his site and his updates via email are free, so you have nothing to lose by signing up for them.
Here we go:
Today John Embry told King World News Chinese demand for silver has skyrocketed. He also spoke about what to expect in 2013 for gold, silver and the global economy. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: “They are still mumbling about the fiscal cliff and there seems to be limited progress on that front. I suspect they will get something cobbled together instead of letting this get to an extreme point because if they let this thing go over the cliff it would be disastrous.”
The last few years have seen the producers take a bit of a hammering and so they have not delivered the returns that they did in the first phase of this bull market.
Looking at 2013 and beyond I believe that there will be some lucrative opportunities in this down trodden sector and I am therefore doing the spade work now with the view to identifying and acting on such opportunities.
Late at night on November 6, along with John Mauldin, Doug Casey and a group of partygoers in a café here in Cafayate, we watched on a small television as Obama's contract was renewed by a majority of the mob. As was the case with many readers, I suspect, my initial reaction was disbelief.
While I try not to pay a lot of attention to the careers of individual politicians, but rather prefer to monitor the carnage they inflict on the world in the collective, I sincerely believed that Obama's steady transgressions against commonsense economics, individual liberty and the rule of law would see him unceremoniously turned out.
So much did I believe this that I even put money on the outcome. Upon waking the next morning, I reflected on what had come to pass and felt doubly stupid in having expected a different outcome. It was, in hindsight, so obvious.
You see, if Mitt Romney had been elected,
In October of last year, we published a platinum-market overview in the Casey International Speculator and concluded by saying: "We recommend avoiding South Africa, and in this context it means staying away from platinum producers located there. If the energy situation spins out of control, miners' strikes continue, and the local trouble puts an indefinite halt to a significant portion of platinum production, some speculative opportunities may appear in the physical-metal market or platinum-backed investment tools. If we see signs of that happening, we may speculate on the results."
Welcome to Capital Account. Today news headlines proclaimed "Gold rises" due to Italian Prime Minister Mario Monti's plans to resign, while CNBC cited expectations of future Federal Reserve easing. Regardless of the reason, Gold was barely up, trading just a little above 1,710 dollars an ounce, the lower end of its 30 day trading range. In the summer of 2011, during the US debt ceiling debate and credit downgrade, gold topped 1900 dollars an ounce. However, since then the price has dropped, despite the types of news events that usually drive investors to gold. Plus, according to the World Gold Council, central banks will buy more than 500 tons of gold this year, up from 465 tons in 2011,
From the small team here to every single one of you out there, have a really great Christmas and a prosperous New Year.
Have a sparkling break and a well-earned rest
All the best,
Bob, Sam, Joe and Karl
So here we are again, rushed off our feet, not enough time in the day and a list a mile along of the Christmas preparations that we have to perform without missing a beat. Not to worry the solution is at hand:
Today billionaire Eric Sprott spoke with King World News about key players on the Comex that may be standing for delivery of as much as a staggering 40,000,000 ounces of silver. This is the second in a series of interviews with Sprott that will be released today which reveals what is going on behind the scenes with the increasingly desperate Western central planners and their gold and silver price suppression scheme. Eric King: “We have the LBMA eliminating reporting on silver lease rates, we covered that extensively with James Turk. There is frustration out there. How much longer can they keep gold and silver effectively manipulated? Are we getting very close to where they are going to lose control of these markets?”
Sprott: “That’s the $64 million question.