Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Get ready, the silver price is heading up, Interview with David Morgan

Get ready, the silver price is heading up, Interview with David...

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Fed QE Tapering: Quanticlimax for Gold & Silver Bears?

Gold and silver rose on QE. So tapering must drive precious metal prices lower again, right…? Ben Bernanke, head of the US central bank, will announce the beginning of the end for quantitative easing at this month’s policy meeting in Washington. Everyone thinks so. Gold and silver prices seem to agree, drifting to new multi-week lows Wednesday morning in a reversal of their pattern when QE was ramped up from 2009 to 2012. And Bernanke pretty much said in June that QE’s end would start this month. Policy-makers have been talking about it since April. Those two months loom large for anyone trading gold or silver. But looking at this week’s 4% drop so far, traders have to ask: Is it a case of sell the rumour, buy the news? It was always the reverse when QE was growing. Acting in what we christened “quanticipation”, gold and silver prices tended to rise ahead of the US Fed’s various QE launches (you remember – QE1, QE2, and so on). They then fell back once the announcement was made, only to resume their longer-term rise. So the outlook today? The aim of QE is to juice assets which might help boost the economy, or at least make it look that way. So since March 2009, the very depths of the post-Lehmans’ banking collapse, the Fed’s QE program has created and spent some $ 2.735 trillion by our maths. That’s greater than the sum total of all US cash and household savings in existence only 25 years ago. It’s equal to one Dollar in every four held by US savers today. This flood of money, you’ll recall, has been used primarily to buy US Treasury bonds. The stated plan was to push up the price of “risk free” government debt investments, pushing down the interest rate they offer. That way, investors would be forced to make riskier bets if they wanted any hope of a decent return. Borrowers could then raise loans at cheaper rates, greasing the wheels of the economy. Did it work? US consumer debt is lower today by 12% from the peak of end-2008, just before QE began. That fall has been driven entirely by a drop in mortgage debt, despite a good chunk of the Fed’s electronic cash also going to buy mortgage-backed bonds as well as Treasury debt. Wall Street’s own debt has meantime shrunk by one fifth, while corporate borrowing by non-financial firms has risen, but not by much when you account for inflation. What has soared, of course, is the stock market, with the S&P rising to all-time record highs as QE has been piled...

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2013 America the Beautiful Silver Bullion Coins Surge in September

Demand jumped for investor America the Beautiful 5 Ounce Silver Bullion Coins, making September an already very strong sales month for them. Released 2013 America the Beautiful Silver Bullion Coins. The last 5 ounce coin for the year launches in Nov. In collector products, renewed interest in silver commemorative coins showed up in the latest United States Mint sales stats. Their sales nearly doubled compared to the previous week. The changing levels may be due to the US Mint’s Fall Catalog marketing. Sales of the commemoratives in silver hit 1,735 cumulatively versus 965 in the prior round. Broken out, all but one exceeded its earlier week’s sales. Leading the group was the 2013 5-Star Generals Profiles Collection with 651 new purchases after 302 were picked up previously. It was followed by the individual 2013-P Proof 5-Star Generals Silver Dollar and the 2013 Girl Scouts of the USA Centennial Proof Silver Dollar, gaining 401 and 316 respectively. In the last report, collectors took in 213 and 207 of those proof coins. Returning to the bullion arena, US Mint Authorized Purchasers on Wednesday alone ordered 19,700 of the America the Beautiful 5 Ounce Silver Bullion Coins. That brings their September tally up to 22,900. As a comparison, 19,000 were picked up in the entire month of August and 17,000 were sold in July. In advances over the last seven days: 2013 ATB White Mountain coins gained 3,800 to 35,000 2013 ATB Perry’s Victory coins gained 1,400 to 25,000 2013 ATB Great Basin coins gained 3,000 to 25,000 2013 ATB Fort McHenry coins gained 14,700 to 25,000 In the first table below are the latest sales stats for collector silver coins and related products from the US Mint. Sunday, September 8, is the “as of” date. US Mint Coin Sales: Silver Coins for Collectors Previous Sales New Sales Unit Increase % Increase Mintage Limit Proof 5-Star Generals Silver Dollars 52,265 52,666 401 0.77% 500,000 Uncirculated 5-Star Generals Silver Dollars 21,702 21,790 88 0.41% 5-Star Generals 3-Coin Set 9,994 9,994 0 0.00% Sold Out 5-Star General Profiles Collection 4,156 4,807 651 15.66% 50,000 Proof Girl Scouts Silver Dollars 80,564 80,880 316 0.39% 350,000 Uncirculated Girl Scouts Silver Dollars 29,978 30,065 87 0.29% Girl Scouts Young Collectors Set 3,509 3,701 192 5.47% 2013 Congratulations Set 4,213 4,304 91 2.16% none 2013-W Silver Eagle Two-Coin Set 281,310 281,310 0 0.00% Sold Out 2013-W Proof American Silver Eagle 713,942 725,325 11,383 1.59% none 2012-W Proof American Silver Eagle 819,217 819,217 0 0.00% Sold Out 2013 America the Beautiful Quarters Silver Proof Sets 110,586 111,482 896 0.81% none 2012 America the Beautiful Quarters Silver Proof Sets 155,109...

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Gold and Silver Prices — Mapping Short Term Volatility

After years of paying attention to the price action and not the mainstream market commentary. — thanks in large part to Ted Butler and GATA — here are some of the dominate forces that currently seem to be determining price movements in the precious metals: Downside Probability Jobs data comes out every few weeks. This almost always puts downside pressure on the market, with about a 90% probability. Also, presidential press conferences tend to have a 70% downside probability.  The powers that suppress the precious metals prices cannot have metals surging while the president speaks. The Fed’s FOMC meetings and the following minutes have greater than a 90 percent downside probability, unless a surprise QE announcement is made. The surprise has been effectively quelled by taper signaling and the Summers versus Yellen issue. The beat of war drums is another factor. Interestingly, the closer that the country gets toward war or crisis, the more likely precious metals are to head counter-intuitively lower. Options expiration dates are also notable, as well as the times immediately before or after they occur. Rarely do precious metals options expire for the benefit of the buyers. Whenever the price of gold is strong, but the price of silver is weak the day before, this is another pending downside signal. The performance of the NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index or HUI Index (an index of the stocks of companies engaged in gold mining) also seems to be influential. Gold shares may lead the way up or down. If PM shares are weak on an up day for the precious metals, the next day’s follow through is rare, and the subsequent price action is often downward. Daily Gold Price Movements The downside for assets like silver and gold may be unlimited, but true upside potential of these assets is rarely demonstrated. The upside is rarely more than 2%, and often reverses lower on the nose or just below that percentage gain. (The gain and intraday moves on Wednesday, September 18th, 2013  were of the largest ever). In sideways rather than trending markets, the upside it typically limited to only 1%. Also, intraday upside reversals seem extremely rare. Furthermore, the phenomenon of “overnight dumping” is almost always synonymous with New York selling pressure. This can occur in a bull market unless recent support levels were already cleared out in a technically oversold period. The Technicals are Secondary Resistance levels seem to be the most reliable technical factors, and everything else seems not to matter so much. The most closely watched medium term moving averages include the 20 day, 50 day, 100 day...

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Gold & Silver – The Greatest Wealth Transfer in History – Mike Maloney

This clip is from the recent Casey Research event “When Money Dies”. Mike Maloney clearly explains the following: * Wealth is never destroyed, it is merely transfered. * What could potentially happen if all currencies have a crisis, at the same time? * Why this could be the greatest wealth transfer in the history of mankind. * Mining stocks with speculative capital. * Fool’s Gold – ETFs, leverage accounts, and numismatic coins. * Why is this particular time in history unlike any other? All this and more on this interesting video! If you are ready to be on the winning side of the greatest wealth transfer in history – join our team to build your own gold and silver home based business and the opportunity to build extra cash flow income and purchase pure gold and silver products from Swiss Gold...

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Max Keiser Gold & Silver Stake For Wall St Zombie Bankers

Gold was always considered as solid and save instrument. Many Countries currency was based on Gold reserves. People loved to make investment in Gold. But now this Gold is in crisis. These Gold crisis are linked with economic, financial, debt and currency crisis. Anyhow, too much dependence on one instrument always brings down fall. This video is showing What the Gold and Debt Crisis...

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Silver Manipulation – HSBC Connection To US Mint? Christian Garcia and Mike Maloney

Silver Manipulation – HSBC Connection To US Mint? Christian Garcia and Mike...

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Mike Maloney: $2,000 or $5,000 Gold is Absurdly Low – Gold Price Will Double the Dow

Mike Maloney of GoldSilver.com says our monetary system is doomed. Maloney contends, “It’s a 100% failure rate. No fiat currency has ever survived, now all of them are fiat. So, this shift will be the most dramatic in world monetary history. It’s going to be the world’s greatest wealth transfer in history. Therefore, it’s the greatest opportunity in history.” So, how high will gold go? Maloney says, “The more you study it, predictions of $2,000 or $5,000 gold becomes absurd. It’s absurdly low.” Join Greg Hunter as he goes One-on-One with precious metals expert Mike Maloney and producer of the new video series “Hidden Secrets of...

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Robert Kiyosaki Buy Gold and Silver Protect against Inflation

Robert Kiyosaki Buy Gold and Silver Protect against...

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