Ted’s work is followed by many institutions, such as Sprott Asset Management and PFS Group. He has researched the commodity markets actively for 3 decades. Internationally well known for his writings on silver, gold, commodities and the COT (commitment of traders) report. In this interview Ted discusses the gold and silver markets and the underlying commitment of traders report.
"Ted Butler has done more to bring the Commitment of Traders issue to everyone interested in this aspect of the metals market than anyone I know! Additionally, Ted has tirelessly used his expertise in reading and clarifying the COT to help others interested in this matter to better understand and appreciate its significance." David Morgan Silver-Investor.com
After publishing unique precious metals commentary on the Internet since 1996, I have decided to offer a subscription service which can be found above in the box next to my exclusive King World News weekly interview. The main reason for the change is that I felt somewhat restricted by my weekly format. It is my intention to publish some commentary at least twice a week.
The commentary will include detailed analysis of the Commitment of Traders Report, regulatory developments, supply/demand considerations, and topics of interest to investors in precious metals, with an emphasis on silver. Subscribers will also be able to ask questions.
The service is intended to be source of market information for serious observers of the silver and gold markets, delivered in a no-nonsense manner. No bells and whistles, just unique and valuable content. Always outside the box.
Please note - this is not intended as investment advice and I am not an investment advisor. The service is solely for informational purposes
Ted Butler
Annual individual subscription rate $299 US, available by check or money order only. This is a savings of $120 per year and is an introductory rate only available until August 31, 2009.
Institutional (mining and financial companies) annual rate $799 US. Up to three users allowed. Check or money order only.
Thursday, September 17, 2009
Gold above $1023 an ounce as the dollar plunges
Gold futures rally above $1,023/oz as dollar weakens
By Polya Lesova, MarketWatch
FRANKFURT (MarketWatch) -- Gold futures rallied above $1,023 an ounce on Wednesday, as the U.S. dollar weakened against major currencies, boosting the appeal of the precious metal.
Gold for December delivery rose to an intraday high of $1,023.30 an ounce in electronic trading on Globex.
The contract was recently up $12, or 1.2%, to $1,018.30 an ounce. December gold is not the front-month contract, but it's the most actively traded contract.
The record intraday price for a front-month gold contract is $1,033.90 an ounce set on March 17, 2008.
"The catalyst for the rally was the weak dollar," wrote analysts at Commerzbank in a note to clients.
The proximity of the all-time high "is increasingly attracting investors to the gold market, reflected in the sharp rise of speculative net-long positions and the recent inflows into the gold ETFs," they said.
Wednesday's U.S. inflation data could provide further support, they added.
Economic data due Wednesday includes August consumer prices at 8:30 a.m. Eastern, and industrial production at 9:15 a.m., along with the NAHB housing market survey for September at 1 p.m.
U.S. stock futures were pointing to a higher start on Wednesday with a focus on the economy after upbeat talk from U.S. Federal Reserve Chairman Ben Bernanke.
Source
Tuesday, September 15, 2009
Get out of the stock and bond markets except for gold and silver shares
Bob Chapman writes in his latest The International Forecaster under the title :
" Get out of the stock and bond markets except for gold and silver shares. Terminate cash value life insurance policies and annuities; they invest in the stock market. Although mutual life companies have to invest in bonds. If you have to have some of your assets in cash, own treasuries from Canada, Switzerland or Norway. We are embarking on one of the most unusual times in investing history. Only 10 to 15 percent of investors will participate, the rest will lose 60 to 90 percent of their assets, their wealth. Don’t you be one of those losers. Don’t forget the elitists cannot print gold and gold is debt free. For 6,000 years it has been the only real currency. Gold and silver’s fundamentals are overwhelming. The supply is limited and production is falling and will continue to fall for years to come. Governmental and central bank debt is increasing exponentially and that is destroying the value of all currencies versus gold. Major nations are now aggressive major gold buyers. Gold and silver are going higher. Do not miss the opportunity to protect your wealth and perhaps to become very wealthy.
Our estimate of real unemployment, U6 minus the Birth/Death ratio, is 21% or 30 million people unemployed or employed part-time. If you include dependents that affects some 100 of 300 million Americans. In part as a result, yoy there has been 126,000 bankruptcies up 34%. That 9.7% unemployment just doesn’t tell the entire story. We continue to see energy and commodity inflation, which translates into higher prices, which are aggravated by lower wages. About a year from now, in the absence of further stimulus or increased bank lending, unemployment will rise to over 30%. That will lead to major economic, financial and social problems the likes of which no modern economy has ever seen. Residential and commercial real estate have 20 to 30 percent downside left depending on the market region and 25%, soon to be 50%, of US mortgages are currently underwater and 50% of mortgages will be in negative equity within a year. That is when Americans will finally realize their country is bankrupt. The FDIC and mortgage lenders are broke along with 50% of the population. Over the next three years between 3,200 and 4,200 banks will go under and the Fed will create $23 to $60 trillion to bail out the mess. Either that or your savings deposits will go up in smoke. We have $1.3 quadrillion in derivatives to be settled. If only 5% fail the financial system collapses. Banks are still leveraged 5 times deposits and carrying massive losses on their books. "
Subscribe to:
Posts (Atom)
