news.goldseek.com >> 15 May 2008
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news.goldseek.com >> 15 May 2008 |
International Forecaster May 2008 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The long line of exposure of debt problems by major and minor corporate entities has a long way to go. The signals by the Fed, Treasury and some corporate leaders that the credit crisis is over is very misleading, as we see one corporation after another declare some of their losses. From our vantage point we are nowhere out of the woods.
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news.goldseek.com >> 11 May 2008 |
International Forecaster May 2008 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
If the American public wants oil prices to come down, the easiest solution is simply to buy gold and silver by the truckload. Wait until you see how far the cartel can drive oil prices down when gold blows past 1000 on its way to 2000! Forget energy alternatives, which will take years to implement. Just exchange some of your "worthless paper" for the only real money and we absolutely guarantee that oil prices will drop like a rock no matter how much OPEC yells and screams.
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news.goldseek.com >> 8 May 2008 |
International Forecaster May 2008 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The elitists have already set the stage for the next gold rush. As soon as their latest bevy of lies and false statistics are shown to be the despicable falsehoods they are, people around the globe will rush back into gold and silver with a vengeance.
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news.goldseek.com >> 5 May 2008 |
International Forecaster May 2008 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
How can the dollar do anything but continue its drop into fiat money hell with actual, as opposed to official, inflation in excess of 12% which is currently rising and trying to catch up to an M3 of 18%? Are traders now that brain-dead that they continue to listen to the fane-stream media's current mantra for sucker-dupes that the worst is behind us and its back to Goldilocks and the three cute, furry, cuddly bears?
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news.goldseek.com >> 1 May 2008 |
International Forecaster April 2008 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
For the benefit of our subscribers, we thought at this juncture that it would be a good idea to review some long-term elitist strategies that have been implemented by the Illuminati as part of their evil plan to destroy our economy and our sovereignty for purposes of moving us toward globalism, free trade and a one-world government.
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news.goldseek.com >> 28 April 2008 |
International Forecaster April 2008 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Caligula remains in denial as the barbarians storm the gates of Rome. Perhaps he actually even believes some of the tripe emanating from the fane-stream media and pundits as well as from the Bureau of Lying (Labor) Statistics.
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news.goldseek.com >> 24 April 2008 |
International Forecaster April 2008 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Uncle Ben Bernanke is currently pumping out federal reserve notes, or electrons with binary encoding as the case may be, like they were going out of style in order to save the miscreants on Wall Street and in order to postpone economic catastrophe for the benefit of our incumbent sociopaths in Congress, who are the best politicians that money can buy.
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news.goldseek.com >> 22 April 2008 |
International Forecaster April 2008 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Another factor that everyone keeps passing over is that we now have the potential for a dollar carry trade. If you are a large bank, just come on over to the US and get your 2.25% interbank or 2.5% discount window dollar-denominated loan, and use your loan proceeds to buy euros so you can get better-yielding German Bunds denominated in a currency that is appreciating against the dollar.
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news.goldseek.com >> 17 April 2008 |
International Forecaster April 2008 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
What everyone keeps forgetting is that bond prices are at 50-year highs due to plummeting rates of interest that are destroying the dollar. If the Fed keeps lowering rates, speculation and inflation will get worse, and gold will soar. But if they start to stabilize rates, or to raise them to support the dollar, bond principal will get cremated and a goodly portion of those many trillions of dollars in bonds will flee in terror and find their way to precious metals as a safe-haven and inflation hedge.
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news.goldseek.com >> 13 April 2008 |
International Forecaster April 2008 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The bagging of the Bear, Bear Stearns that is, by the Illuminati, was a watershed event. Not only has this event confirmed many of our predictions and interpretations concerning recent financial events, it has shed light on what the self-proclaimed Lords of the Universe have planned for their serfs in the near future, as well as for non-insider financial institutions.
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news.goldseek.com >> 10 April 2008 |
International Forecaster April 2008 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We believe the demise of Bear Stearns was planned months if not years ago. The tip-off was Randal Quarles’ statements. He was formerly Under Secretary of the Treasury and it was he who led the Treasury Department’s effort in the coordination of the President’s “Working Group on Financial Markets” and is currently Managing Director of the Carlyle Group. As we explained many times before these Illuminists float from one position to another in and out of the government.
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news.goldseek.com >> 3 April 2008 |
International Forecaster April 2008 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We believe the biggest costs to the gold and silver mining industry are history and that should positively affect the bottom line for producers. Profit margins should improve steadily at these prices as the year moves on. Needless to say, higher prices for gold and silver will embellish the results. Progress in prices since June 2000 has been retarded by market manipulation by our government, but in spite of that progress has been good. From here on out we should see sharply higher share prices.
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news.goldseek.com >> 30 March 2008 |
International Forecaster March 2008 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The derivative securities known as "toxic waste" that are in the process of taking down the entire worldwide financial system and that were created by the obtuse "financial engineering" efforts of the halfwit Illuminists who came up with this scheme, were characterized by Warren Buffet some years ago as "financial weapons of mass destruction." The mortgage-backed securities known as MBS's, which took on various forms such as CDO's, CMO's, SIV's and other subprime, and now Alt-A and prime, alphabet derivatives, form the part of the WMD arsenal known as "neutron bombs."
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news.goldseek.com >> 26 March 2008 |
International Forecaster March 2008 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
If Bear Stearns, considered by many to be one of the best managed investment banks on Wall Street with one of the best capital positions, was on the verge of becoming bankrupt, then all the rest of its ilk are in even worse shape and will soon join them in the toxic waste graveyard unless bailed by the Fed at the taxpayers' expense.
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news.goldseek.com >> 24 March 2008 |
International Forecaster March 2008 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
This past Thursday, the Fed, the “Working Group on Financial Markets”, politicians and street stooges created a 420-point rally after historic Fed intervention; similar to what they did the previous week. That rally was unwound and this one will be too. It will implode again.
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news.goldseek.com >> 20 March 2008 |
International Forecaster March 2008 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The crux of the dilemma now facing the Illuminati and their precious central banking and gold suppression cartels is that while there are loads of financial institutions that are too big to fail, the worldwide financial system, which includes those institutions, has become too big to bail. Keep a sharp eye on which of the many potentially troubled institutions get bailed out by the Fed.
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news.goldseek.com >> 16 March 2008 |
International Forecaster March 2008 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As spot gold went screaming past 1000 on Friday, to close in the aftermarket at an all-time closing high of 1002.50, the yen went ripping through 100, to as low as 99.2560 as of 3 pm EDT just as the COMEX closed, which is a 12-year high against the dollar. If you wanted proof in spades that the yen is being used to hit precious metals by causing the carry trade to unwind and create a giant margin-call inducing liquidity drain, here it is "in yo' face!"
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news.goldseek.com >> 13 March 2008 |
International Forecaster March 2008 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Boston gave us the "Big Dig," Socorro, New Mexico hosts the "Very Large Array," but from Wall Street and Washington, D.C. we get the "Big Lie," soon to be followed by the "Very Large Depression." We think that most of you understand about the potential for a "Very Large Depression" which we have spoken of in several of our recent issues, but you may have been wondering about what we meant by the term: "Big Lie."
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news.goldseek.com >> 28 February 2008 |
International Forecaster February 2008 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The financial and monetary problems are so dire that a cloak has been thrown over everything. The only news that comes out is what has to be released by corporations. The rest will get via leaks. It is incredible the secrecy and the lying. Today that is the hallmark of Washington and Wall Street. They do not want you to know that crisis of credit has permeated not only the US financial markets, but also all world markets. Contagion is rampant.
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news.goldseek.com >> 25 February 2008 |
International Forecaster February 2008 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The Big, Bad Cartel Wolf has had its fangs removed and will now try to "gum" gold to death, or try to huff and puff and blow against one of the heaviest and densest elements on the periodic chart. To this pitiful attempt to stop gold we reply simply: "Good Luck." We are reminded of a scene from "Monty Python and the Holy Grail" where King Arthur meets the Black Knight.
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news.goldseek.com >> 20 February 2008 |
International Forecaster February 2008 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
There is now a total disconnect between Wall Street and reality as the Fed continues to push on a string while yield ratios between long term and short term treasuries go parabolic and monetization of debt and endless bailouts create the same geometric pattern for charts on actual inflation as opposed to the fairytales about inflation that we get from the Bureau of Lying Statistics.
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news.goldseek.com >> 18 February 2008 |
International Forecaster February 2008 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The Illuminati have a huge problem. They have buried it and no one in the media is talking about it, at least not in the correct order of magnitude. They are quaking with fear as they consider the possibility of this problem being unleashed. The problem lies in the Land of the Rising Sun, or should we call it the Land of the Sinking CDO.
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news.goldseek.com >> 14 February 2008 |
International Forecaster February 2008 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The desperation of the cartel and of the sociopathic denizens that control its many diabolical components, which include the Fed, Wall Street, corporate America and our corrupt-beyond-belief government, has become almost palpable.
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news.goldseek.com >> 10 February 2008 |
International Forecaster February 2008 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Speaking of gold, it had a great week, especially on Friday, and finished up over $13 per ounce, while silver shot up $.38. The XAU and HUI gained back what the cartel pounded out of them earlier in the week. The USDX futures open interest dropped by a substantial 10,000 contracts, which means the phony dollar rally and dead cat bounce is over.
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news.goldseek.com >> 7 February 2008 |
International Forecaster February 2008 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Americans are about to pay for the sins of Wall Street and our international bankers whose greed and devotion to the implementation of World Government knows no bounds. The bankers must be saved is the cry from Wall Street to Washington. We have real estate, mortgage and credit crisis’s unfolding during a recession. The solution on a short-term basis is to give taxpayers $150 billion and to supply unlimited money and credit indefinitely.
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news.goldseek.com >> 31 January 2008 |
International Forecaster January 2008 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Even as Fed Chairman Ben Bernanke tells us we are ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risk, he tells Congress to act quickly because the Fed’s efforts will take months to affect the economy. While all this creation of additional money and credit takes place and fiscal madness takes place, inflation that our government perpetually lies about, heads ever higher.
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news.goldseek.com >> 28 January 2008 |
International Forecaster January 2008 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The Dow, the S&P 500 and the Nasdaq have, in the first four weeks of 2008, lost all of their gains from 2007 and then some. They are all well into red ink when compared to their 12/29/06 levels. By contrast, since 12/29/06, spot gold has gained 43.16%, spot silver has gained 26.14%, the XAU has gained 30.43% and the HUI has gained 36.44%.
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news.goldseek.com >> 24 January 2008 |
International Forecaster January 2008 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Let's see how gold does in the face of this latest yen-hit. Remember, a demand for physical delivery under gold futures contracts is just what the doctor ordered for this situation. That would send gold past 1000 and on its way to 1500 in very short order. The cartel is out of gold. It is time to call their bluff and put an end to their BS.
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news.goldseek.com >> 17 January 2008 |
International Forecaster January 2008 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We now are entering the era of the duct tape economy. From here on out it will be one problem after another. Finally a few years from now probably due to incessant hyperinflation – the game will be over and the system will collapse. Even if it doesn’t collapse it will drone on for years mired in stagflation. Never ending economic misery.
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news.goldseek.com >> 14 January 2008 |
International Forecaster January 2008 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
All that glitters is silver and gold. The precious metals and their related stocks have out-shined all market sectors, and have now separated themselves from the other sectors just as they did in the last precious metals boom cycle that culminated in the blow-off top that blew itself out in January of 1980 as double digit inflation and interest rates sent the US economy into the tank during the Carter Administration.
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news.goldseek.com >> 10 January 2008 |
International Forecaster January 2008 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We have to laugh at economists; analysts and other writers who think a recession may have begun. It’s evidently time for them to join the herd – it’s safe now. They won’t get ostracized for making such a decision before their peers. They won’t be scolded by management or lose their jobs. We said a recession began more than a year ago. We were right and as usual most everyone else was wrong.
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news.goldseek.com >> 6 January 2008 |
International Forecaster January 2008 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Now, international banking is scrambling for survival in a battle that has already been lost. We fully expect their financial system will move from one calamity to another over the next three to five years. Yes, we could have that one staggering blow that could take the system down, but do not plan on that. The elitists are still arrogantly in control. In spite of that, they have lost, and the system will continue to deteriorate as stagflation takes gold and silver to previously unexpected heights.
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news.goldseek.com >> 24 December 2007 |
International Forecaster December 2007 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As we mentioned in the last issue the ECB injected a mind-addling, unfathomable, gigantic $501.50 billion into its banking system. The effort forced the 2-week Euribor down 50 BPS to 4.45%; this follows the previous $1 trillion the 20 major central banks have already thrown into the system since August 9th. Simultaneously the Fed, SNB, the Bank of England and the BOC put in another $50 billion and they will add more until they think the system is fixed, at least for the time being. This is incomprehensible and it is going to get lots worse.
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news.goldseek.com >> 17 December 2007 |
International Forecaster December 2007 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
For a growing list of Russian oligarchs, gold is the new oil. Russia’s wealthiest are piling into the bullion sector and eight of the country’s 10 richest men are investing in gold.
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news.goldseek.com >> 13 December 2007 |
International Forecaster December 2007 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The market manipulations of the “Working Group on Financial Markets” and the privately held Fed may see the yen carry trade as a lessening factor in 2008. Tightening credit markets and rising assets volatility from the US subprime mortgage crisis may end the trade.
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news.goldseek.com >> 9 December 2007 |
International Forecaster December 2007 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
For those of you who continue to entertain doubts that stock markets suffer on account of a tiny little market where "barbaric relics" are traded, we have put together five scenarios that will show you in spades how stock market crashes and carry trade unwindings have directly corresponded in time to all gold rallies for the entire year of 2007 thus far.
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news.goldseek.com >> 6 December 2007 |
International Forecaster December 2007 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
One of the largest secrets to understanding financial markets can be found in one of the smallest of these markets. This tiny key market which must be analyzed and understood in order to comprehend what is happening in all other markets is the market where the "barbaric relic" is traded. This is the market where the canary is caged in the large and extensive coal mines of financial markets.
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news.goldseek.com >> 3 December 2007 |
International Forecaster December 2007 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The credit massacre we are witnessing that began with the Fed, our banks and Wall Street with subprime and ALT-A loans has spread worldwide. Throughout Asia a massive flight to safety is underway as well as in Europe. Yields on 3-month deposits have fallen in some countries to 1%. If this isn’t a serious warning sign, we do not know what is.
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news.goldseek.com >> 28 November 2007 |
International Forecaster November 2007 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As the US dollar falls America and the economies of every country will suffer to some degree. Over the past several years the dollar has fallen from 120 on the USDX to about 75. The latest breakdown occurred recently when 26-year support was broken at 80. The US dollar index is computed using a trade weighted geometric average of six currencies. They are: the euro 57.6%, the yen 13.6%, the UK pound 11.9%, the Canadian dollar 9.1%, the Swedish krona 4.2% and the Swiss franc 3.6%.
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news.goldseek.com >> 25 November 2007 |
International Forecaster November 2007 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Gold was up against all currencies early Friday morning except against the yen and the Swiss franc, both carry trade currencies, as the cartel continues to unwind the carry trades to hit gold. Protective derivatives are a must to survive the coming onslaught as the cartel will stop at nothing to slow gold down, risking a 1929 scenario that may well backfire on them as everyone may turn to gold in the coming onslaught as the losses mount.
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news.goldseek.com >> 21 November 2007 |
International Forecaster November 2007 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We have often reported that since 8/15/71 it has been all down hill for the American economy. That is the date we left the Gold Standard. Since then there has been a decline in the purchasing power of the dollar. A decline that has forced a need for two incomes to replace the one income that was needed in 1970. What has been in process during the last 37 years is the disappearance of our middle-class and the limited ability to reach middle-class status. Our fiat currency has brought us decline and will eventually bring us impoverishment.
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news.goldseek.com >> 18 November 2007 |
International Forecaster November 2007 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Usually loses can be easily absorbed by all parties, but not when you are using leverage and that is what all these parties have been doing. The full damage done would be finally known for another year or two. If you mix in an overpriced stock market, a real estate collapse and major losses you come up with a deep recession accompanied by inflation. The only alternative is gold and silver related assets.
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news.goldseek.com >> 15 November 2007 |
International Forecaster November 2007 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
About the only thing the cartel managed to accomplish this past week was to keep spot gold from breaching its all-time high of 850 and gold futures from breaking their all-time record of 875. This is excellent because now we will get a chance to take a breather and consolidate before taking out not only 850 like it did not even exist, but also taking out 1,000 before the end of 2007, and perhaps even going well beyond 1000!
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news.goldseek.com >> 11 November 2007 |
International Forecaster November 2007 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Things will never get more bullish for gold than they are now. Everyone is deathly afraid of the ongoing credit crunch, of the real estate implosion which is growing every day into a juggernaut of problems and of the ongoing thermonuclear meltdown of hundreds of trillions in derivatives, never mind the 400 billion in SIV's which are leveraged to the hilt.
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news.goldseek.com >> 8 November 2007 |
International Forecaster November 2007 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years.
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news.goldseek.com >> 4 November 2007 |
International Forecaster November 2007 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Here we are four months into a credit crisis and it is only 5% resolved. We believe this crisis has a long way to go as the interbank system attempts to restore confidence and trust. The traditional buyers of short-term corporate debt, better known as commercial paper, are still on strike and there is no end in sight.
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news.goldseek.com >> 1 November 2007 |
International Forecaster October 2007 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
In spite of a large one-day dollar rally the official US policy at the G7 Finance Minister and Central Bankers Meetings was abandonment of the dollar to lower levels. You don’t listen to what they say you watch what they do.
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news.goldseek.com >> 28 October 2007 |
International Forecaster October 2007 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Friday, gold and resource stocks set every imaginable record short of the all-time highs for spot gold and gold futures. Spot gold blasted off to a new 27-year intra-day high of 785.85 and a new 27-year closing high of 783.50, up an astonishing 16.50, well on its way to 800 and beyond next week. Gold futures did likewise, setting a new 27-year intra-day high of 789.50 and a new 27-year closing high of 787.50, also up 16.50 on the December contract.
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news.goldseek.com >> 21 October 2007 |
International Forecaster October 2007 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
What a great day for gold! A yen-hit on gold took the Dow down almost 250 points, and gold barely budged! After setting a new 27-year high of 770 late Thursday, only 80 bucks away from the all-time high, gold was trading at just over 769 when the cartel attacked with a classic yen-hit on gold, which we saw coming last night as the yen strengthened. Gold was driven down to about 758, and then the moment we have waiting for came to fruition. Gold just laughed and rocketed back up to its previous high of 767 before settling in at about 764.
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news.goldseek.com >> 18 October 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
That credit crunch that has troubled financial markets in recent months is continuing with no relief in sight and it will continue to take its toll on the American economy.
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news.goldseek.com >> 14 October 2007 |
International Forecaster October 2007 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
America’s mortgage crisis is going to get considerably worse because of the level of fraudulent lending by mortgage originators and banks is much higher than previously estimated and we predicted. Defaults on subprime mortgages will continue to soar for another 18 months as unqualified mortgage holders struggle to meet their repayments, and tightening credit markets make ARM resets impossible.
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news.goldseek.com >> 11 October 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The US dollar is weakening and all major currencies are rising against it. Europe and the UK are slowing down. Their cheap currency days are over. Wait until the world finally realizes that the top 18 of 20 central banks are doing what the Fed is doing in creating massive money and credit. Two and a half years ago gold broke out against every major currency and that is because it is not only the dollar it is all the major currencies that have problems.
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news.goldseek.com >> 7 October 2007 |
International Forecaster October 2007 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
In a story reminiscent of the tall tales about Paul Bunyan and his blue ox, "Babe," the cartel arranged for the greatest phantom creation of nonexistent jobs of all time, and no one believed them. Stocks rose anyway thanks to the PPT's weakening of the yen, with the Dow gaining about 92 to close at 14,066.01. Stock market traders can kiss their derrieres goodbye as this means rate cuts are not very likely in the near term, so the cuts they have priced in may never happen until much later.
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news.goldseek.com >> 4 October 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
What is interesting about today’s economy and financial markets is that most people believe they are normal. They think interest rates are always supposed to be low and that there should be endless money and credit available, that the Fed will back the economy no matter what and that we are always assured of a soft landing.
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news.goldseek.com >> 30 September 2007 |
International Forecaster September 2007 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The USDX set an all-time low, while gold set new 27-year highs! That, in a nutshell, describes this week’s action. The failure of the Fed to support the dollar has set in motion a worldwide chain reaction, a literal stampede out of the dollar, sending the USDX, which had already broken downward past the 79 handle last week, to a new all-time low, plummeting once again this time past the 78 handle, to close at 77.698 (spot) and 77.625 (lead), down a mind-blowing .619 and .635, respectively, with stunning intra day lows of 77.666 and 77.580, respectively.
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news.goldseek.com >> 26 September 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
This past week we saw gold trade 12 days over $700, the most momentous gold event since gold began its six-year journey from $252.00 an ounce. Soon phase one of the gold bull market will be completed at $850.00 and ounce.
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news.goldseek.com >> 23 September 2007 |
International Forecaster September 2007 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As the dollar falls, consumption will fall and so will the US economy. That means stagnation and inflation, stagflation. As this transpires American’s dominance in all world affairs will wane. As we said long ago, the USDX dollar index will fall to 40 to 55 from its current index number of just over 79. This means higher interest rates, more inflation and a very bad recession if not depression.
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news.goldseek.com >> 20 September 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Gold is in the process of backing and filling in a consolidation pattern, which we don’t believe will last too long. The next effort will be to breakout over $730 and up to the $760-$780 level, and then on to $850. When $850 is reached we will have completed phase one of the long-term gold bull market. The next phase will be to the $1,700 to $2,500 level.
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news.goldseek.com >> 17 September 2007 |
International Forecaster September 2007 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
A sinking dollar, soaring commodities, and several diverse technical conditions on the charts, show the dynamics coming together to make the end of the gold carry trade a lot closer to reality than ever before. Central banks loan their gold to bullion banks such as JP Morgan Chase or Goldman for 1% or less. The banks sell the gold and invest the proceeds in higher yielding assets, such as US Treasuries that pay 4.6% thereby making 3.6%.
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news.goldseek.com >> 13 September 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The subprime crisis will be with us for some time to come. The Fed, investment banks, bankers and many experts knew it was coming but there was a conspiracy of silence. Now the result is it’s out of control with no sign in sight that the credit crunch is any way near over. The elitists believe that by disbursing the risk all over the world the losses could be absorbed. Well they were wrong. As a result of this episode the central banks in the future will only get limited cooperation.
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news.goldseek.com >> 10 September 2007 |
International Forecaster September 2007 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The first truly global bubble in asset pricing has broken and unfortunately it is accompanied by a credit crisis.
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news.goldseek.com >> 6 September 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Government policy makers, the Fed and Wall Street economists and analysts, are not ignorant of the basic laws of economic - they are liars. That is what they get paid to do. A credit crunch means less future economic activity and a recession during an up and coming major election year. All that money and credit being thrown around is not going to solve the current disaster of monetary policy and it is as a result very good for gold and silver as inflation roars upward.
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news.goldseek.com >> 3 September 2007 |
International Forecaster September 2007 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Turkey’s gold bullion imports will set a new record this year, as consumer spending is boosted by steadier world gold prices and positive sentiment. Gold bullion imports are up 42% to 150 tons in the first 7 months of the year. At this rate 275 tons could be achieved.
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news.goldseek.com >> 31 August 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Greg Wilkins President and CEO of Barrick Gold says, “The industry has struggled from a lack of investment. It is fine to talk about great gold prices for the last couple of years, but the Bank of England tried to put the gold mining industry out of business back in 1999 and there was very little adjustment for many years.”
He refers to Gordon Brown’s sales of gold between 7/99 and 3/02 of 395 tons sold at about $275.00 an ounce. What he doesn’t tell you is that Barrick was working with the central banks to suppress prices. This is why Barrick was created in its present form. Just more lies.
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news.goldseek.com >> 26 August 2007 |
International Forecaster August 2007 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The yen has recently been weakened again in the cartel's latest manipulation to support sagging markets. As of 5:30 am EDT, Thursday, the yen is at 116.248 yen per dollar and 157.450 yen per euro, or about 2 and a half yen per dollar and 4 yen per euro weaker since Friday's close, about 2 yen per dollar and 3 yen per euro weaker since Tuesday's close and about 1 and a quarter yen per dollar and 2 yen per euro weaker since Wednesday's close. Note that Wednesday's Dow gain of 145+ points was due mainly to a weakening of the yen and this trend is likely to continue in the short term. A yen reversal will not only be bullish for stocks, but also will be very bullish for PM's and commodities. If these yen exchange rates hold or get weaker, you can expect a big day for everything but bonds, which will get hit as money flows back to stocks, PM's and commodities.
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news.goldseek.com >> 22 August 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Our latest Fed Chairman Helicopter Ben Bernanke, a devoted Keynesian, has made his first move to bail out our crumbling financial system and particularly the banks and Wall Street. He has cut the discount rates to banks ½% to 5-3/4%. He now expects long lines to form at the discount window. The Fed has fed almost $200 billion into the system in the past two weeks and the CDO, ABS and commercial paper markets are still frozen. We believe another ½% discount rate cut will follow with another $200 billion in repos, CDO and ABS buyouts to follow as Ben leads us to the precipice of hyperinflation.
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news.goldseek.com >> 19 August 2007 |
International Forecaster August 2007 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
What the elitist’s central banks won’t do until forced to do so is allow the system to default and be purged of its excesses. That is why in the final analysis gold is the only permanently safe asset. This flood of liquidity in a debt crisis is just a way to make default less obvious to the untrained eye. That is why there is low-level panic. Investors are getting the message even if Wall Street isn’t.
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news.goldseek.com >> 16 August 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
What we have just witnessed over the past four trading days (Thursday, Friday, Monday and Tuesday), is a crystal clear demonstration of the cartel's priorities. Gold suppression is JOB ONE! All other markets take a back seat to the gold markets even though by value the amount of gold bullion and gold futures that trade in the various gold markets are almost insignificant compared to the bond, stock and currency markets.
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news.goldseek.com >> 13 August 2007 |
International Forecaster August 2007 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As the nuclear conflagration in the stock markets continued on Friday, the gold bulls decided to send a message to everyone with the wisdom to hear. Totally disgusted and fed up with the cartel and its central banks' ongoing gold suppression which had just brought gold down about $6 per ounce from 664 to 658 in the early going, the gold bulls sent gold on an $18 per ounce rocket ride from 658 to 676 over a very short span in three dramatic upward moves on Friday, before gold settled at about 670. The message is: "Hey morons, look at gold! While everything is crashing and burning everywhere, gold is on its way up. The dollar is toast, so cash and treasuries are no longer safe havens, but gold is and always will be a safe haven from all this turmoil. Get a freaking clue!"
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news.goldseek.com >> 8 August 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
At the moment the stock market is in free-fall, because the cost of borrowing money is increasing, mortgage and debt markets are in disarray and earnings are a long way from what they are supposed to be. It also means the orgy of senior US companies borrowing billions to buy their stock back could be coming to an end. In the first quarter they spent $118 billion, in the second quarter $157.4 billion, which was up 58% from a year ago. It looks like the price support operation may well be over.
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news.goldseek.com >> 5 August 2007 |
International Forecaster August 2007 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Make no mistake the beginnings of the credit crunch that you are witnessing could bring the world financial system to a halt. We can look forward to contracting credit, higher interest rates, the ultimate end of leveraged buyouts, the collapse not only of the CDO market, but that of junk bonds as well. We will soon see almost all 30-year fixed rate mortgages with 20% down and 700 FOIC’s for those who want to be homeowners. They will be assisted by lower home prices.
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news.goldseek.com >> 1 August 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Will a panic ensue? How much more can the Japanese public take on their yen shorts? Will the Yen Death-Star detonate? Are the large specs ready for another hit? Will there now be more carry trade carnage to add to the carnage being wreaked by the subprime debacle on hedge funds? Stay tuned for an economic disaster coming to a theatre near you. Remember, disasters always eventually benefit gold.
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news.goldseek.com >> 29 July 2007 |
International Forecaster July 2007 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
You just got a small taste of what a carry trade unwinding can do to financial markets this week. The Dow lost 678 points this week alone as the yen strengthened from 121.31 yen per dollar to 118.56 yen per dollar and from 167.614 yen per euro to 161.799. That is almost 3 yen per dollar and very nearly a mind-blowing 6 yen per euro in one week. They did this to hit gold. Stocks suffered as well and the market would have collapsed into a total free-fall without the intervention of the PPT. Gold held up fairly well, considering the massive liquidity drain.
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news.goldseek.com >> 26 July 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We face a collapse in real estate and then in the stock market, which are parts of a larger banking crisis. We should have had our recession in 1992 and purged the system then, but the elitists didn’t want to do that. Now we have an approaching catastrophe, yet Dow Jones doesn’t want you to know about it. What we are telling you is nothing new, it is just worse than it has ever been. The suppression of news will continue until we change the system. Hopefully that will be soon.
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news.goldseek.com >> 22 July 2007 |
International Forecaster July 2007 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
So what is going on here? I'll tell you what is going on. The cartel is living in a 24/7 nightmare where their worst dreams could become reality in any given instant. If they allow the wall of shorts to climb too high and any of the Death-Stars detonate while their pants are down, they will be completely, totally and utterly annihilated! They are now being forced to give ground to the gold bulls and to keep targeting about 375,000 contracts so they have room to work if disaster strikes.
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news.goldseek.com >> 19 July 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The real estate and mortgage CDO debacle are surfacing simultaneously, and no matter what the forces of evil do they cannot be covered up indefinitely. The 30-year fixed rate mortgage has already risen to 6.73%, up some 75 bps in the last couple of months. CDOs have to be rating reset and that will happen soon. Congress is preparing tightening legislation so that the Federal Reserve will never again be able to pull this fast one. We will make sure though that “Greenspan’s Folly” will never be repeated nor forgotten.
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news.goldseek.com >> 8 July 2007 |
International Forecaster July 2007 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Late payments on home equity loans have climbed to a 1-1/2 year high in the first quarter, while delinquencies on credit card bills fell. Those late payments on house equity loans rose to 2.15%, up sharply from 1.92% yoy. A composite of other types of consumer loans, including autos and boats, home improvement and for certain home equity loans, increased to 2.42% from the fourth quarter’s 2.23%.
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news.goldseek.com >> 24 June 2007 |
International Forecaster June 2007 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The Fed is telling us we are in a recession and that there will be continuing problems in the housing industry. The Fed has discovered that changes in house prices might influence the cost and availability of credit to consumers. Mr. Ben admits that “changes in home values may affect household borrowing and spending somewhat more than suggested by the conventional wealth effect.” He was particularly concerned about price falls in areas where people have little home equity. This is typically with a high proportion of subprime loans.
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news.goldseek.com >> 21 June 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
One of the fallacies of the gold market is that gold goes down when interest rates go up. We heard the same gobbliegook in the late 1970s. As interest rates rose so did gold and do not forget that. The recent strong gold selling and leasing by central banks had nothing to do with interest rates. The rate climb was aided and abetted by the Chinese who were demonstrating what China could do with hundreds of billions of dollars in Treasury paper they’d be willing to sell if the US congress changes the rules of access to the American economy.
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news.goldseek.com >> 18 June 2007 |
International Forecaster June 2007 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Regarding fundamentally misaligned currencies headlines state that the Bill does not specifically name China or any other country. In addition, headlines state that the Bill would require the US Treasury to develop a new biannual report identifying 2 categories of foreign exchange misalignment, and that currencies misaligned due to “clear” foreign policy action should be targeted for “priority” action.
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news.goldseek.com >> 13 June 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Our Federal Reserve, led by Sir Alan Greenspan, created the real estate bubble and the Fed knew, just like we knew, exactly what the result of their policies would be – in one word, disastrous. It was a transparent scam. Writing mortgages for people who had no chance of paying them back. We are in the midst of a housing collapse that attended by higher interest rates will bring the stock market down. The combination of the two will bring not only the US economy down, but the world economy as well.
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news.goldseek.com >> 10 June 2007 |
International Forecaster June 2007 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The pressure is still on gold and silver. Toward the end of Wednesday’s session we found out there was another large physical seller. On Thursday and again today, Friday, there were a series of large central bank sales that took gold down to $661 from $670. The gold manipulation was bad, as was the silver attack, but the attack on currencies was open arrogance and overwhelming. The last we saw the dollar was up .44 to 82.28. As we predicted interest rates, yields and mortgage rates are airborne. This makes for an uglier real estate market and downward pressure on stocks. The corporatist fascists have problems.
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news.goldseek.com >> 6 June 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
In gold we hear all about seasonal markets. That was true until about 10 years ago when the gold suppression cartel started to get serious about keeping the gold price from rising to where it would reflect inflation and the fall in the dollar since 1980. In the recent correction, gold went a little lower than we anticipated, but it looks like we are able again to call the bottom and the turn back upward. We are not waiting for a new trading range. We are looking for a breakout over $700. Gold is in a bull market and has spent a year more or less between $600 and $700. It’s time to move upward and breakout.
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news.goldseek.com >> 3 June 2007 |
International Forecaster June 2007 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As an afterthought the shorts have covered and they have made very little. They escaped the vice after having added an 80,000 contract short as they had a year ago. It is phenomenal to see a 60,000 short cover in two days. The commercials had only about 30,000 to go, so there were other inside players covering just before the ECB news hit. The gold and silver producers responded as well in fine fashion and are about to again break into higher ground. This time $700 will be broken and the next defense by the Illuminists will be at $850. The pressure is on as the central banks throughout the world raise interest rates and the US doesn’t. It can only end in financial calamity.
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news.goldseek.com >> 30 May 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Despite the best efforts of the central banks the gold price is relentlessly moving higher. Yes, we had a correction but we believe it is over. The fundamentals are just overwhelming. We should see $700 broken again soon and then a move to $850. The dollar is about to test 80 on the USDX in the next down draft, probably due to higher official and real interest rates worldwide. The collapse in the subprime and ALT-A mortgages are about to be followed by the prices on the upper end of the price scale and that will threaten the collateralized debt obligations (CDO’s) of which 65% are held by hedge funds. Once the dominos begin to fall the house comes down.
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news.goldseek.com >> 28 May 2007 |
International Forecaster May 2007 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
In the last ten weeks ECB central banks have sold 130 tons of gold. This is the most ever in any short time period. In the previous six months they sold only 112 tons. That leaves 250 tons left for sale by 9/30/07. We do not expect Germany and Belgium to be sellers, so that leaves about 140 tons to go over four months or about 35 tons a month. The bad news is behind us. It is possible that France could complete part of Germany’s unused quota, but that is a long shot.
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news.goldseek.com >> 23 May 2007 |
International Forecaster MidWeek Reading - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
If mining costs continue to escalate production could be affected or come to a halt. That would mean 2,400 tons of gold would not reach the market each year. If that happened the central bank market manipulators would soon be out of gold for sale and the price would catapult to higher levels.
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news.goldseek.com >> 20 May 2007 |
International Forecaster May 2007 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The elitists desperately want to keep the dollar from testing 80 on the USDX and in that process gold and silver had to be attacked. All sense of propriety has been thrown out since last May. Stagflation is well upon us and it’s progressively getting worse. The numbers being released in every quarter are dreadful, but due to a sea of liquidity, the stock market hits new highs. The economy disparately needs lower interest rates and this is what the elitists could well be shooting for. Push the dollar up to 86 to give it a cushion and push gold back to $650, so that when the cut is announced the dollar fall won’t go down thru 80 and gold will have to start upward again from a lower unn