Financial Sense Blog

Smart Money Taking Stake in Rare Earths

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Given our present day circumstances most people wouldn’t even conceive of placing smart money and the US government in the same sentence, however, when it comes to the ultra high-tech forward-looking branch of the Department of Defense Advanced Research Project Agency, or DARPA for short, most investors should take special note.

Market Wrap Week Ending in 09/18/2009

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Gold was up for the week, gaining $1.40, to close at $1007.60 (continuous contract). The daily chart shows gold still positively above its recent breakout. The trend remains in place until such time that it isn’t. Some consolidation is warranted, and perhaps a test of the breakout. RSI is overbought and turning down. All in all the bulk of the evidence is bullish, although waning slightly.

The Most Attractive Sector in the S&P 500?

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With the S&P 500 up more roughly 50% from the March lows and sporting a price-to-earnings (P/E) ratio of 18.37, the market is clearly no longer cheap as the low hanging fruit has been plucked by Mr. Market.

Silver/Gold/REE Review

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Many have been asking what is going to happen with gold and silver this month, and I maintain it is a tough call. The September month is usually pretty positive for the metals. In fact, there have been several articles talking about the last chance to buy gold under $1000.

Bull Market Rules Still Apply

Chart Spotlight

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For weeks we have been looking for a correction, and a time or two we experienced some trepidation that the bull market might be over, but all the market has done is produce a series of minor pullbacks.

Sending the Wrong Message

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President Barack Obama lost the support of many good people in Poland, the Czech Republic, the Baltic States and Ukraine. This may translate, as well, to a loss of support among Americans of Polish descent. Yesterday, 17 September, is the day on which Soviet dictator Josef Stalin joined Hitler in crushing and raping Poland 70 years ago. And it was this day that the U.S. president decided to nix a missile defense system based in Poland and the Czech Republic, claiming that there were better ways of strengthening "America's defenses against ballistic missile attack."

What will Conditions be like, globally for gold to be confiscated Part 6

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As the sixth and final part of this series we now look at this question: “Is it possible to get a synthesis of world governments to override the attraction of gold??” The greatest issues that face the global monetary system is twofold

Could China Push Gold to the Moon?

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Inside sourceshave recently confirmed the Chinese government is actively promoting gold and silver investment to the masses. Some analysts now contend that China can no longer afford to let the gold or silver price slump.

Gold Stocks

Still in the Early Stages of a Historic 3-4 Year Bull Run

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Compared to various stock groups, gold stocks offer good value. Take a look at these ratios. In nominal terms the GDM index is well above its 1994 & 1996 high. Yet in real terms (against these other stock groups), GDM is considerably below the high in the mid 1990s. Why should we care? It indicates that we have yet to see a widespread move out of other stock sectors and into the gold stocks. That is pretty amazing considering that gold stocks have been rising for nine years.

The Year of the Ox or the Year of Fat Tails?

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While 2009 is the year of the Ox according to the Chinese calendar, it would seem that renaming it to the “year of fat tails” would be more appropriate. We have witnessed many events this year that one does not typically see on a day to day basis. For example, how many times does one witness the S&P 500 losing more than half its market cap? There have been times in the past where the S&P 500 will lose 50% of its value, though a decline of that magnitude typically takes place over years. The sell off that occurred in 2008 and into 2009 was truly a generational decline, not only in terms of its magnitude but also its ferocity.

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