Brien Lundin Plays the M&A Game

Source: Brian Sylvester of The Gold Report  (1/28/15) Mining investors love to talk M&A. The speculation. The buzz. Goldcorp started tongues wagging recently when it made a CA$526 million offer for Probe Mines. Brien Lundin, publisher of Gold Newsletter, believes that deal could start the ball rolling on further M&A. He predicts that as gold flows west to east at an unprecedented rate, the gold price will ultimately come under pressure and carry equity prices dramatically higher in either 2015 or 2016. In this interview with The Gold Report, he suggests that prices have never been lower on some of the most likely names in the M&A game. The Gold Report: In mid-January the Chinese stock market plunged almost 10% and the world barely blinked. You spend a lot of time looking at China and how that market influences the gold price. What are your thoughts on China’s massive market correction as it pertains to gold? Brien … Continue reading

Socialism Is Like a Nude Beach—Sounds Like a Great Idea Until You Get There

By Jared Dillian  I’ve been following the activities of Syriza for a long time. They started putting up big numbers in the polls in Greece three or four years ago.Syriza has a message that’s very popular with Greeks: Screw Germany. The word they use to describe what’s happened to Greece during the period of time since the debt crisis is “humiliation.”To be fair, if you owe a lot of money to someone, it can be tempting to give them the finger. When Greece’s debt was restructured, it was done in such a fashion that none of the debt was really forgiven, but the maturities were extended far out in the future. Since Greece doesn’t grow (for structural, demographic, and cultural reasons), this is known as extend and pretend. Everyone knew, even back then, that the only hope Greece would have to avoid default would be whatever ability they had to refinance.Greece has … Continue reading

2015 Outlook: What You Really Need to Know

By Jeff Clark, Senior Precious Metals Analyst In the January issue of BIG GOLD, I interviewed 17 analysts, economists, and authors on what they expect for gold in 2015. Some of those included what we affectionately call our Casey Brain Trust—Doug Casey, Olivier Garret, Bud Conrad, David Galland, Marin Katusa, Louis James, and Terry Coxon. The issue was so popular that we decided to reprint this portion. I think you’ll find some very insightful and useful reading here (click on a link to read his bio)… Doug Casey, Chairman Jeff: The Fed and other central banks have kept the economy and markets propped up longer than you thought they could. Has the Fed succeeded in staving off crisis? Doug: I’m genuinely surprised things have held together over the last year. The trillions of currency units created since 2007 have mostly inflated financial assets, creating bubbles everywhere. There’s an excellent chance that the bubble … Continue reading

How to Run a Government for Dummies

February 2, 2015 Martin Armstrong COMMENT: My wife took our 4-year old Alex to the bank today to open a savings account for him with his piggy bank of about 10k baht ($333.00). The teller noticed he was half Thai and asked if he was American, to which she said he was both Thai and American. The teller: “We won’t open an account for him because we have to report him to the IRS.” So my wife said “open it as a trust account as a Thai citizen.” The teller: “Can’t do that. It’s evading U.S. regulations.” End result: Alex can’t open an account here. Amazing, simply amazing. REPLY: FATCA is the worst law perhaps in history. It is prejudicial to Americans and it is wiping out the world economy at an incredible speed. It is also forcing Americans to abandon international business and bring all money home even if … Continue reading

Join Our Team For Greater Gains

January 25, 2015 Dudley Pierce Baker   All of my subscribers are considered by me to be part of our team here at http://CommonStockWarrants.com. If any subscribers see something of interest in the stock warrant arena, I want to hear from you via email to support@commonstockwarrants.com, and indicate in the subject line: Feedback  As a subscriber, if you are great at technicals, charts, hedging strategies, timing the markets, etc., again, I want to hear from you. After feedback is received I may share content with other team members based upon my personal discretion. I believe that this new approach will be for the greater good as we are all in these markets together. To my current subscribers, I value your participation and support of our unique services, some of you for many, many years. If you are not a current subscriber I encourage you to join our team now. Not familar with stock warrants? Read my … Continue reading

Goldman’s 2015 forecast for gold

Steve Saville January 25, 2015 Goldman’s 2015 forecast for gold Early last year we gave banking behemoth Goldman Sachs (GS) credit for looking in the right direction for clues regarding gold’s likely performance, which is something that most gold bulls were not doing. In November we again gave them credit, because even though we doubted that the US$ gold price would get close to GS’s $1050/oz target their overall analysis had been more right than wrong. It was clear that up to that point the US economy had performed better than we had expected and roughly in line with the GS forecast, which was the main reason that gold had remained under pressure; albeit, not as much pressure as GS had anticipated. But that was last year. This year it’s a different story. This year, GS’s gold market analysis begins on the right track by stating that stronger US growth should … Continue reading

What the Strong Dollar Does to Yellow and Black Gold and Why We’re Seeing Green

Editors Note: This is still a very timely read based upon what has been since October 2014 to the price of the USD, gold and oil. October 20, 2014 Frank Holmes The United States is doing better than it has in years. Jobs growth is up, unemployment is down, our manufacturing sector carries the rest of the world on its shoulders like a wounded soldier and the World Economic Forum named the U.S. the third-most competitive nation, our highest ranking since before the recession. As heretical as it sounds, there’s a downside to America’s success, and that’s a stronger dollar. Although our currency has softened recently, it has put pressure on two commodities that we consider our lifeblood at U.S. Global Investors: gold and oil. It’s worth noting that we’ve been here before. In October 2011, a similar correction occurred in energy, commodities and resources stocks based on European and Chinese growth fears. But … Continue reading

Currency Wars – Who’s Next?

Currency war: Who will be the casualties? Sara Eisen | @saraeisen Friday, 23 Jan 2015 | 9:45 AM ET Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India. Each of their central banks has taken unprecedented and dramatic action to ease policy and weaken their currencies in the past few days. Central bankers may say they’re ramping up the fight against worryingly low inflation, exacerbated by the dramatic plunge in oil prices. But the immediate, and perhaps most effective, impact of the easier monetary policy moves is being felt in the foreign exchange market. “We are in currency wars,” Goldman Sachs President and COO Gary Cohn told a panel discussion at the World Economic Forum in Davos, Switzerland. “The prevailing view is that the easy way to stimulate economic growth is to have a low currency.” Simon Dawson | Bloomberg | Getty Images An employee … Continue reading

Can a Doublewide Save Your Retirement?

By Dennis Miller The rumors are true: Florida is full of 55-plus communities with rows of doublewide mobile homes. The nicer ones have amenities like golf courses, swimming pools, clubhouses… you name it. As you’d expect, the living cost is modest. But here’s the part that blows people away: many of the people who live in these communities are quite wealthy. That’s right—not everyone living in a doublewide is a NASCAR fan. My wife and I have friends who live in these communities… people who’ve enjoyed successful careers and built up respectable nest eggs. They still play golf or tennis and participate in the weekly wine and cheese party. Their biggest complaint, frankly, is having a social calendar that’s too packed. What’s their secret? None looked at downsizing as a step down. Instead, they considered it a prudent way to free up their time and money. These folks are 100% … Continue reading

Forget the Majors, Buy the Midtiers

Source: Kevin Michael Grace of The Gold Report  (1/21/15) According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn. In other words, they pursued exactly the wrong strategy in the past and are now paying the piper. The intermediates, on the other hand, have better balance sheets, positive cash flow and prospects for growth. In this interview with The Gold Report, Fowler highlights five producers prospering against the odds, and three companies with near-term projects likely to be taken out. The Gold Report: What are your forecasts for gold and silver prices in 2015? Michael Fowler: I think gold could go lower in U.S. dollars in the next three months. I stress U.S. dollars because the price of gold is rising in many currencies, such as in Canadian and Australian dollars. This will be a boon to producers in those … Continue reading