Tag Archives: china

Ever since their brief correction from April to June, gold and silver have been on a tear. Last Wednesday, gold reached a 3-month high, and silver hit a 4-month high. Think it’s too late to get started now? Think again. As we enter September, in this week’s Market Update we look at ten reasons why gold and silver are conspiring to climb even higher in the coming months.

The bond market was already on a knife’s edge.

Often considered a relatively safe investment, the writing for bonds had been on the wall. Bernanke & Co had kept interest rates down for so long, they’d created such an artificial market for bonds due to their own purchases ($85 billion each month), it had been clear to most that the only thing propping up the bond market was the Fed and their program of Quantitative Easing.

Following Detroit’s bankruptcy, municipal bond funds appear to have fallen off that knife’s edge and into the abyss. When may other bonds follow suit?

Our nation’s spirit of independence, first embodied by our forefathers, won’t endure on its own. Today, with politicians and the media alike trying to dictate the narrative that is in their own best interest, we must constantly live up to our independent ways. For us at Birch Gold Group, this is especially true when it comes to protecting your savings. Given all of the investment options available to you, rarely do we see those in the mainstream media give precious metals fair consideration. So for this month, in the spirit of America’s Independence Day, we encourage you to declare your independence from what some would like us to rely on. What can you declare your independence from?

The stock market *could* collapse. Just this past week, Gary Savage, publisher of the “Smart Money Tracker”, called for it to crash “10-20% in the next five days.” Maybe Savage’s prediction will prove to be right. The signs for a crash – whether it’s in the next week, the next month, or later into 2013 – are certainly there. But what will happen, what is happening, and what has always happened is inflation. So how do you protect against it?

You probably know that gold and silver dropped quite a bit last week. Despite that, every reason to protect your savings with physical precious metals still stands. But now you can get them at their lowest levels in over two years. If you liked gold and silver two weeks ago, you have to love them at today’s prices. Read why, in four simple points.

Gold and silver closed down Friday at $1535.50 and $27.40, respectively, leaving many to ponder the future of the metals. For those who have chosen to protect their savings with precious metals, and not just to make a quick buck, we react to these events with a bigger-picture view: Remain diversified.

Gold closed down on Friday at $1612.25, indicating a full correction may be in effect. President Obama’s State of the Union Address did very little to change the market realities, resulting in sideways motion for silver, down to $30.18, now walking independent of gold. With the dollar strengthening and Europe indicating that it may have a fix in the works for Greece and Spain, risk-seeking investors who have traditionally favored gold ETFs are looking elsewhere, trying to find big returns in more volatile markets. Ironically, because these folks were so stocked up on paper gold, the net effect on the price was stunning, with the yellow metal recording as much as a 5% decline at one point during the week. The source of all hoopla was two whales dumping their positions in search of action in Europe. George Soros sold 55% of his positions while Louie Moore Bacon relinquished every single gold share in his portfolio. Meanwhile, physical gold holders and those long on the yellow metal will swoop in early this week to score some real deals. With the week in the U.S. potentially off to a slow start due to the President’s Day holiday, this may be just the time to get in; the bulls look poised to take off again.