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« Silver Wheaton Corporation: The disparity between production and sales | Main | The “Gold Beta” Of Mining Stocks and Why We Continue To Avoid Them »

Gerald Celente’s gold account confiscated


The recent bankruptcy of financial stalwart and Wall Street casino failure MF Global in the US, has claimed a new and unlikely victim. Following the company’s glorious collapse, Trends Research founder Gerald Celente had his own six figure gold investment account completely looted by chapter 11 trustees, and he is fighting to get it back. (This clip was spotted on

This is an absolute shocker. It now raises a number of questions regarding the safety of stock broking accounts. We have stressed the need to hold both gold and silver in your own hands as a first step to investing in the precious metals sector and then acquire the good quality associated producers. However, should the broker not be there tomorrow, then all that effort in terms of research and analysis goes down the plug hole.

We have posted a number of articles questioning the wisdom of holding stocks when compared with other investment vehicles such as options trading, in an attempt to get some leverage to the underlying asset. However, the same risks apply as our options holdings and the cash to trade them reside in stock brokers accounts.

This is worrisome and we will need to take a long hard look at the way we do things in the future as our investment strategy is not without risk.

Anyway please click here to see the above mentioned video clip with Gerald Celente talking about the confiscation of his funds and also a little about the state of the European Union and the financial turmoil it is currently battling with.

Regarding We currently have a number of open trades at the moment however, we do not update the charts until the trade is closed and the cash is back in our account. (We have closed one trade and will shortly close another trade so hopefully this weekend we will have the charts updated.)

Our model portfolio is up 407.38% since inception

An annualized return of 113.83%

Average return per trade of 42.43%

86 closed trades, 83 closed at a profit

Average trade open for 45.85 days



So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Also many thanks to those of you who have already joined us and for the very kind words  that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

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Reader Comments (2)


"How much more do we take?" Indeed.

The had-enough moment is at hand. I can feel it. We've been so complacent for so long. Well, it's about to boil over...and it'll happen all at once. Think how long the people of East Germany tolerated the Berlin Wall and then it was gone in an instant. Same with the Soviet Union. Nothing happens, nothing happesn, nothing happens...and then wham.

As a sidenote, MF "fired" me as a customer. They sent out a letter announcing that they were closing out all their retail brokerage accounts. They didn't want the business anymore. I was trading options not futures, so I wasn't exposed like Celente, but still. Apparently the brokerage business was too boring. Too low margin. I guess I was lucky. I sure as hell didn't know they were jettisoning retail because Corzine was zeroing in on buying European sovereign bonds at 40 to 1 leverage, trying to be a mini Goldman. Brilliant!

It's clear you can't do any trading on the Crimex. The CME is a criminal organization. How about all those guarantees the exchange made to customers to make good on contracts if there was a problem? Now, when there's actual THEFT from customer accounts, the CME doesn't do anything to make the victims whole? And what about their vaunted daily auditing to ensure compliance with the rules? What the hell happened there? MF STOLE that money. And nobody does anything to hold the CME, as the self-regulating cop on the beat, accountable?!!!! Why? Because the CME is a wholly owned poodle of JPMorgan, that's why, and they can get away with absolutely anything, because they and Goldman ARE the de facto US government.

I think we still are okay for a while in safer banks, credit unions, and brokerages that don't have trading operations, but I'm seriously thinking about minimizing my exposure to any and all of them, because when, not if, a major systemic meltdown hits the system, I'm not sure who will be spared. Cash on hand and coins in a safe place. That has to be a big part of the plan.

We are hurtling toward a very ugly end game here and i don't like it. i don't like it one bit. Sorry to say it looks like time to take extreme defensive measures with the bulk of your financial holdings.

Can they play a delaying game, deferring the day of reckoning? Sure. Will they? Probably, but the odds of a "fat tail" event are WAY higher than I'm comfortable with. I'd rate them at maybe 1 in 4 or even 1 in 3. Those are hideous odds.

My best guess is that the next seize-up in the financial markets causes one hell of a liquidity squeeze that knocks the metals for a loop and that'll be the last chance to exchange clownbucks for real money at a good rate. Will those metals do us any good in a world gone mad, a world run by thugs? I don't know, but it's worth a shot.

November 17, 2011 | Unregistered Commenterfallingman

We have been tracking the general mess for some time as most of our readers know and all this chat of mountains of leverage does send a cold chill down our spine. We don't use margin but we do put some of our cash at risk with the trading of options. However, we are in agreement with the above, its now a question of finding a safe haven for some protection. The metals could get dumped in a major market squeeze, accounts holding stock certificates might be 'absorbed' by an associated problem and currency may be debased with over night devaluations of some kind.

All in all I'm feeling pretty blue today, so we won't re-vamp our strategy yet, but we do need to re-visit it and do some hard work.

Anyway, fallingman, try and keep your chin up and look beyond this mess as its looks as though we are going to go through it ready or not.

November 17, 2011 | Registered CommenterSilver Prices

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