Tuesday, June 30, 2009

How to buy physical GOLD?

In these troubled economic times, Gold bullion will continue to be a great investment .Zaman Monirez, president of the Bullion Mart, on the ins and outs of investing in physical gold. You are rightfully worried about inflation eating up your hard-earned savings, the stock market malaise, and the deflation in the housing bubble crushing your home value. Buying physical gold is an excellent hedge against inflation, and against almost any type of crisis. You won’t find a single fiat currency throughout human history that has stood the test of time – all of them went to their intrinsic value zero. Gold on the other hand is the ultimate form of money, because it cannot be destroyed. An unprecedented shortage of physical metal currently exists in the popular gold and silver bullion markets. Premiums, the amount paid and charged by bullion dealers over the current spot or cash price, are at the highest levels since at least 1980, and possibly the highest ever seen for popular gold and silver bullion coins and bars.

That’s the bad news. People want gold and silver badly. They are willing to pay much more than the spot price, but they can’t find bullion to buy. They can’t find it because there isn’t enough physical metal available at these drastic, artificially induced, fear and fund-liquidation-caused spot prices.

Gold to Hold Steady: Analyst

In the short-term, gold will stay in the $925-960 range, where it has been holding steady for the past few months, according to Philip Newman of GFMS. “The key factor really is where we see investment demand in the gold market?” he told CNBC Tuesday.
Today Gold for immediate delivery climbed 0.4 percent to $941.42 an ounce at 9:40 a.m. in Singapore. The metal is up 6.7 percent this year as longer-term inflationary expectations boosted demand for a hedge against accelerating consumer prices. Gold futures for August delivery were little changed at $941.30 an ounce on the New York Mercantile Exchange’s Comex division, up 1.8 percent this quarter.

Essential Jacksonville Refinance Information

Well before we get into the details of Jacksonville mortgage refinancing we need to have a good look at the market. This market is one of the quickest growing markets out of all the cities in the Florida state. Housing activity has definitely started to pick up in the city of Jacksonville since the recent bad sub-prime mortgage crisis. At the time of writing this there is currently 22,000 properties on the market in this city and the sales volume has increased 6% in the past year while only having a slight 11% decrease in the price of houses in the past year. It not fantastic growth, but it is a promising turn around. Buyers definitely have an advantage in this market as there is still a large inventory of available houses out there but the numbers have been steadily decreasing as houses are sold. On top of this the lenders are starting to move on their foreclosures so they are selling quickly as well.

So as we can see the doom and gloom of the sub-prime mortgage crisis is starting to pass. Things are looking up; they’re not perfect, but definitely looking better. Because of this current economic climate there are extremely low rates available at the moment. This is great news for you even though you might already have a mortgage. If you choose to refinance your loan you can make some great saving and even shorten the life of you loan. You could completely own your house in half the amount of time or if you wish just pay less each month and keep the current length of your loan. Here is an example of how a refinance Jacksonville might help.

Jacksonville Refinance Example

To make this more useful we have used figures and numbers that are all taken from the Jacksonville area.
The average price that someone will pay for a house in Jacksonville is about $154,000 (this is for a family home in case you were interested). If you got a mortgage back in 2005 for this property the banks would have most likely given you an interest rate of 6.5%. So based on the average price of a house in Jacksonville with a 30 year fixed rate mortgage loan your monthly repayments would be $973. I’m sure most of you are reading this and thinking you’re in a similar situation. Well if you take this loan you got in 2005 with and refinance it you can stand to save a large amount in monthly repayments. Current refinance rates in the Jacksonville area at the time of writing this are 4.375%. This means if we refinance the loan our new repayments are $769. That’s a saving of $204 a month, a great deal by anyone’s standards!

Of course there are other ways to refinance a loan (lower the term, etc) but this is here merely to show you the possibilities. My most adamant advice I can give is to take advantage of the current low rates and lock in a mortgage that will save you money in the long run. What have you got to loose? Here are some resources that can get you started.

The Home Equity Theft Reporter

* A Jacksonville mortgage broker faces three years in prison for pocketing thousands of dollars at a real estate closing by pretending she did home repairs. Katina Mickens, 30, was sentenced [...] for grand theft, filing a false construction lien claim and acting as an unlicensed real estate agent at a 2005 home sale where she arranged the mortgage.


* The day before the house went to closing, Mickens filed a document called a claim of lien. Under a fictitious name, J&J Properties, Mickens reported she had done work on the house and was owed $16,000. That represented about 18 percent of the $85,000 mortgage on the home, putting an unnecessary added burden on the buyer, [Assistant State Attorney Stephen] Siegel said.(1)

Jacksonville Lender offfering Mortgage and Home Loans for Purchase and Refinance

If you have already taken out a mortgage loan that has become a burden to you, getting away from it can be a lifesaver. If you want to get away from paying large amounts of money on your mortgage loan, then getting a refinance mortgage loan would be the best option. A refinance mortgage loan can help you save money easily without having to pay monthly instalments like before at a much lower interest rate.

refinance home mortgage loan

What really happens when getting a refinance mortgage loan is that the present loan that you have already got will be replaced with a different deal, with different conditions and of course at a much lower interest rate. A refinance mortgage loan comes with a whole lot of benefits. One such benefit is the decrease of the total payment on the mortgage value. It also helps in releasing some of the equity built in a lump sum payment or in instalments.

If you have a bad credit history, don’t let that be an obstacle in getting a refinance mortgage loan. Times have changed. The financial market is full of lenders today who acknowledge the fact that you are a person who has had bad luck with credit and hence are ready to offer different solutions to assist you financially.

bad credit mortgage refinance loan

A refinance mortgage loan can vary according to the way the interest rates are calculated.

Sometimes a refinance mortgage loan can come with a fixed rate which usually means that the interest on the base amount would be the same throughout the years that the loan has to be paid. The rate generally wouldn’t change over time.

Next in line is the refinance mortgage loan with an adjustable rate. In this type of loan, the interest would usually change depending on the financial market conditions. Financial instutions give such loans by providing an introductory interest rate. This is a lower, but fixed rate which is used for around 3 or 5 years. Once the introductory stage has passed, the interest will keep fluctuating, depending wholly on the rates of the market.

A person who applies for a fully-amortizing loan will have to make monthly payments depending on the interest rates that tend to change all the time. A balloon home loan type of refinance mortgage loan has an interest rate which will be fixed for a particular duration and then move on to an adjustable interest rate.

refinance mortgage loan

Additionally, a home equity loan has a fixed rate allowing the person to use their equity and gives them a fund to spend. This type of loan is recommended for anyone who has enough equity in their home, including the ability to pay off their original mortgage loan.

Monday, June 29, 2009

Why Gold and Silver are Precious Metals ?

What make Precious Metals precious:

precious metals are rare metals found in very small amounts in the planet earth hence the high economic value
Gold, silver, and the platinum group metals are known as the precious metals. Some craftsmen also call them the noble metals.Relatively scarce, highly corrosion-resistant, valuable metals. Gold, silver and platinum are examples of precious metals.Materials such as gold, silver, and platinum that offer an alternative form of investing The industry defines gold, silver, platinum, and palladium as precious metals. Unlike gemstones, the term precious is still widely accepted when used to delineate High-value, low-volume, scarce metals such as gold, palladium, platinum and silver.This is a video I have created to explain the reasons behind why precious metals have intrinsic value. Peter Schiff, Ron Paul, Jim Rogers, Marc Faber, Gerald Celente, Gold, Silver, Platinum, Fiat Money, Inflation, Currency Devaluation, Federal Reserve, Banks, Bank of England, Dollar Collapse.

Real Estate and the Global Recession

Now it can be said – the US is officially in a recession, and other countries around the globe are very quickly following suit. Predominating the country’s financial headaches is the real estate meltdown, or subprime crash, as experts call it. The question being asked is, was overinflated real estate the cause of the US and ultimately the global recession? If so, how?

New York Times economics columnist David Leonhardt explains it this way: In 1998, Wall Street started making it easier for home buyers to apply for loans, and packaged those loans to global investors as CDOs, or collateralized debt obligations. To make these investments even more enticing, Wall Street introduced the idea of subprime mortgages - ARM (adjustable rate mortgage) loans with high interest rates packaged in the guise of low initial interest rates.

High interest rates for the borrowers meant higher returns for the investors, while low credit score borrowers now had the opportunity to buy homes despite their normally unacceptable credit picture. The lax lending policies allowed people to borrow as much as 50% more than the real value of the house with a minimal down payment even as the high interest rates pushed prices up, resulting in grossly overpriced home prices. A case in point is San Francisco, where the median home price is currently 11.6% of the median annual salary.

Investors sought to accelerate their earnings by borrowing funds to invest. The extremely high loan interest rates caused many of the borrowers to default on their loans, and as home prices reached the point where borrowers couldn’t afford to pay their loans anymore and people stopped buying because prices were just way too high, the financial village came toppling down, one by one in a domino effect.

First to fall were Fanny Mae and Freddie Mac, the country’s two largest mortgage finance lenders that had bought the loans from the mortgage originators, repackaged them as mortgage-backed securities, and sold them to the global investors. Next came the banks and investment companies with heavy exposures on these sub prime loans such as Bear Stearns and Lehman Brothers, and as the banks fell so did the global investors who had invested in these mortgage investments. As the companies fell, investors panicked and engaged in a wave of selling, causing the stock markets to crash.

Industry insiders say that unless the number of foreclosures goes down, home prices will continue to decline and it will take longer before the real estate crisis bottoms out.

The S&P/Case-Schiller Home Price Indices show that home prices continue to fall – as of May, Phoenix reported an annual decline of 31.9%, Las Vegas was down 31.3%, San Francisco down by 29.5%, Miami down by 28.4%, Los Angeles down by 27.6%, and San Diego 26.3%.

With more and more companies downsizing workforces, it looks like we’re in for quite a long wait. In the meantime, here’s our advice: if you’ve got a home, hold on to it. If you’re in the market to buy a house, do your due diligence and homework – compare prices, read the fine print, and make sure you can afford to pay before you sign that loan.

Saturday, June 27, 2009

Huge demand for gold & silver

with the FED keeping on flooding the market with US dollar bills , the hyperinflation scenario becomes becomes more plausible and it is now a matter of when rather than if ...Marc Faber amongst other experts warn of a Zimbabwe like Hyperinflation , the rush for the gold have started , There is a huge demand for both gold and silver right now in India and North America. North American shops are completely deprived of silver. Indian shops are empty of both silver and gold. Even the Indian banks don't have any gold or silver.

Friday, June 26, 2009

The Gold and The Dollar Charts

S&P 500 , dollar loses to the Swiss frank , Gold at 930 level could reach the $1000 an ounce if the dollar keeps on being weak , Gold could easily reach $1200 an ounce and up...The American dollar is coming into a period of weakness, according to Chris Locke, managing director of Management. “Cracks are starting to show,” he told CNBC, referring to the price of dollar/yen and the dollar/Swiss franc, which he said could drop to the even $1.00 level.

Thursday, June 25, 2009

Gold Gains Dollar Heads for Weekly Decline Against Euro on Yield Demand

Gold rose to $939.50 an ounce on the New York Mercantile Exchange’s Comex division
Silver rose to $14.005 an ounce
The dollar fell, heading for its biggest weekly loss against the euro in a month , The dollar declined to $1.4041 per euro from $1.3988 yesterday
Crude oil rose for a second day, trading above $70 a barrel

Wednesday, June 24, 2009

Gold May Rise as The Dollar Drops

China have been accumulating massive amounts of commodities in the last 6 months or so , copper zinc oil aluminum , nickel , but the demand from the Chinese market have not picked up really except from the auto industry so the prices of commodities are likely to start to suffer in the short term , agricultural commodities may hold up a little bit better as they follow a whole different cycle from mining commodities ...The official currency of commodities The Dollar has collapsed against the Euro today The dollar yesterday dropped as much as 1.8 percent versus the euro, the most since May 8, The crude oil at $70 a barrel is at med cycle price .Gold Bullion for immediate delivery traded at $925.54 , Silver for immediate delivery rose 0.4 percent to $13.905 an ounce. Silver has outpaced gold this year, with an ounce of gold now buying about 66.53 ounces of silver . platinum climbed 0.4 percent to $1,166.50 an ounce. Palladium fell 0.5 percent to $235.50 an ounce .“The weakness in the dollar is going to have some positive impact on commodities,” Francisco Blanch , head of global commodity research at Merrill Lynch & Co Watch the video bellow....

Sunday, June 21, 2009

Canada Mortgage Bonds Sold

Foreign bond funds are falling for Canadian mortgage bonds.

Canada Housing Trust, a federal government agency, had another successful outing in the capital markets on Tuesday, raising $8-billion from the sale of Canada Mortgage Bonds, known on the Street as CMBs.

These bonds are guaranteed by the Canada Mortgage and Housing Corp, as part of the CMHC’s program to backstop the residential real estate market. The underwriting was led by CIBC World Markets, Merrill Lynch, RBC Dominion Securities and TD Securities.

The latest round of CMB sales featured increasing interest from international investors. Doug Bartlett, head of CIBC’s government finance team, said rise in CMB purchases from outside the country “is reflective of the international investors’ positive view of Canadian government debt.”

The latest CMB offering is five-year debt, sold with 3.15 per cent interest rate. That translates into a 42.5 basis point premium to the comparable government of Canada bond, yet the CMB carried the same triple-A credit rating as the federal government.

Underwriters sold 24 per cent of the bonds outside Canada. U.S. investors bought 17 per cent of this offering, while European and Asian customers each stepped up for just over 3 per cent of the new bonds.

Six months into 2009, the CMB program has seen investors buy $27.3-billion of debt. In all of 2008, CMB offerings totalled $43.5-billion With this week’s issue, the outstanding CMB total $165-billion, of which $154-billion featured fixed rates and $11-billion are floating rate issues.

Friday, June 19, 2009

How High Gold can go ?

Gold Gains on Weak Dollar , Silver Declines, Platinum Advances :
today Gold rose in New York as the dollar weakened, boosting demand for precious metals as hedge against Inflation . Gold rose to $935.25 in the afternoon still not reaching the $1,032.70 record of March 2008. Gold typically moves inversely to the U.S. dollar so expectations for the dollar of a strengthening dollar in the coming weeks are likely to cap gains in Gold. Silver fell to $14.20 an ounce in New York , Platinum rose to $246.15 an ounce , Palladium gained 1 percent to a record 319,451 ounces yesterday,

Thursday, June 18, 2009

Ten Market "Up's and Down's" in the First Quarter 2009

1. The Return of the Multiple Offer: More and more agents are seeing multiple bids being made on homes that are priced well and in good condition. With all the foreclosures out there, buyers have to pick through homes in less than spotless condition, and when they find a quality listing, they're jumping on it.
2. Negative Equity Home Ownership: Homeowners in a negative equity situation are becoming more the rule than the exception. One fifth, or almost 22 % of home owners owe more than their home is worth.
3. Some Markets Show Increase: Although overall house prices have declined 14.2 percent from a year ago, there are a few markets that noticed an increase in house prices from January to March 2009.
These include:
Fayetteville, NC: +14.4%; Oklahoma City, OK: +5.1% Binghamton, NY: +2.5% Jacksonville, NC: +2.5% Cumberland, MD: +2.3% Austin, TX: +1.6% Gainsville, GA: +1.5% Toledo, OH: +1.5%
4. Top ten Markets that have decreased by over 20% include:
Redding, CA: -34.1% Vallejo, CA: -31.8% Riverside, CA: -31.1% Las Vegas, NV: -30.3% Modesto, CA: -30.4% Bakersfield, CA: -29.4% Phoenix, AZ: -24.4% Miami, FL: -23.7% Naples, FL: -23.9% Santa Barbara, CA: -22.9%
5. Senate Ok's Foreclosure Bill: The Senate approval of the foreclosure-prevention bill means tougher rules for lenders and extra provisions for owners of foreclosed properties. Now homeowners have a 90 day grace period before they have to move. Deposit insurance by the FDIC has been increased from $100,000 to $250,000. It also discourages some of the old lending practices. Now lenders must be prepared to take financial responsibility for mortgages advertised with "too good to be true" interest promotions.
6. $8,000 Home Buyer Tax Credit: This was introduced as an incentive for first-time home buyers taking the first step toward home ownership.
7. Home Builders Losses on the Mend: Major home builders who have noticed losses for the first quarter have decreased from one year ago. Pulte Homes reported a loss of $514 million in 2009, improved from $696.1 million at the same time in 2008. D.R. Horton Inc. report losses of $108.6 million, compared to $1.31 billion during the first quarter in 2008. Horton claims their new building strategy which includes building smaller, lower priced houses in an effort to compete with foreclosure sales is working.
8. Long Term Interest Rates Lower than Short Term: It's now cheaper to get a 30-year fixed rate mortgage (now averaging 4.80 percent), than a 15-year term at 4.48 percent or a 5 year at 4.8 percent. Historically, short term rates have always been the lowest.
9. Green Building Trends: Building environmentally friendly homes is more than a trend, it's becoming the norm. In fact, the green building industry is expected to grow 60 percent in 2009. Builders not familiar with this type of construction technology are going to be left behind.
10. No More McMansions: Homes are getting smaller as buyers opt for smaller, more economical and energy efficient designs. They are still getting the upscale upgrades the likes of granite counters and spa baths, but on a smaller scale.

The Key To A Refinance In Jacksonville

Jacksonville refinancing is one way you can think about to lowering your mortgage payments, and keeping your house. In today's economic crisis, and with the problems brought about the country's sub-prime mortgage, the real estate market has taken a tremendous beating. There have been hundreds of foreclosures and defaults on payments, and in many parts of the country, the market has yet to turn around.
In Jacksonville, Florida however, it seems that the real estate market has not been affected too much. As of 2008, the sales volume even increased by 6%! The prices of houses in Jacksonville has only decreased by a minimal 11%.
If you compare this to many other cities in the country, Jacksonville is a pretty good place to invest, and for residents of the city, the positive outlook is looking brighter every day.
Currently, there are only 22,000 houses for sale in Jacksonville, and this number is steadily decreasing. This is because real estate in Jacksonville is starting to recover. For this reason, if you are a home owner with a mortgage that is burdened by high interest rates, you now have the extra option of applying for refinancing.
With refinancing, you can lower your monthly payments, and enjoy a lower interest rate. A home loan that was taken out in 2005 came with a 6.5% interest rate. Today, the interest rate is only 4.375%, and this will account for the drop in the monthly amortization payments.
The opportunity available for refinancing is a unique offer that does not come very often. If you are interested in considering refinancing, you should talk to some experts who can give you some advice on your best options.
In Jacksonville, there are several major organizations who will go out of their way to freely counsel you about your home mortgage situation. The best part about talking to these experts is that there is no strings attached.
Try calling these organizations, and listen to what they have to say. You could be start relieving some stress from financial burdens by understanding your situation and considering easy and convenient choices.

Wednesday, June 17, 2009

Gold And Green Shoots David Coffin

gold silver precious metals nickel copper zinc china mining companies commodities's David Coffin says gold prices are headed up. With's Victor Adair.

Gold Gains as Dollar drops Against Euro The Silver Climbs

the dollar today drops against the Euro which has caused gold prices to soar as a consequence of increased demand , silver also advanced ...

Monday, June 15, 2009

Gold Low Silver Stable as Dollar Advances

Gold is in a Downward Trend to the lowest in more than three weeks as a rallying dollar eroded interest in the precious metal as a haven investment. Silver has got a little bit more upside $14.63 an ounce, still the lowest since May 27.
The Dollar Index, advanced for a second day after Russia’s Finance Minister Alexei Kudrin and before him the Japanese Finance minister declared the nation has full confidence in the U.S.Dollar.Among other precious metals The Platinum slid 1 percent at $1,242.50 an ounce and Palladium was down 1.2 percent at $250.50 an ounce so far ..

The Gold and Oil Prices Correlation

What Gold and Oil have in common besides being two great commodities to invest in , are gold and oil prices related some how and if yes how and why ? Oil feature contract exploration date , oil have a slightly negative influence on gold , and gold have a slightly positive influence on oil , but market forces are preventing this , and the last nugget you should remember is " Do not depend solely on a movement in gold prices to affect oil"

Housing Starts Rise In May

Housing starts rose more than expected in May, with increased construction seen in both single and multiple dwelling sectors, according to Canada Mortgage and Housing Corporation.

The seasonally adjusted annual rate of starts increased to 128,400 units during the month from 117,600 in April, CMHC said Monday.

"Housing starts are expected to improve throughout 2009 and over the next several years to gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year," the Crown corporation said.

Economics expected housing starts to total 126,000 units in May.

The seasonally adjusted annual rate of urban starts was up 11.1% to 107,800 units in May, CMHC said. Multiple unit urban starts rose to 60,900 units and single unit starts increased to 46,900 units -- with both categories rising by a similar 11.1% from the previous month.

"The increase in May is broadly based, encompassing both the singles and multiples segments," said Bob Dugan, CMHC's chief economist.

Overall urban starts were up 22% in Ontario, 16.8% in the Prairies, 7.3% in Atlantic Canada and 3.3% in Quebec. Meanwhile, urban starts fell 5% in British Columbia.

Rural starts were little changed at 20,600 units in May.

"The broad-based nature of the increase in residential construction activity in May was an encouraging development for this beleaguered sector of the Canadian economy," said Millan Mulraine.

"Indeed, after plunging precipitously since late 2007, and appearing to be in free-fall in recent months, this rebound may be an indication that the sector is perhaps stabilizing.

"Nevertheless, with the Canadian labour market continuing to weaken and the overall economy remaining quite soft, we expect residential building activity to remain in the current depressed range for some time."


Housing starts in May (seasonally adjusted):

Canada, all areas 128,400

Canada, rural areas 20,600

Canada, urban centres 107,800

Canada, singles, urban centres 46,900

Canada, multiples, urban centres 60,900

Atlantic region, urban centres 7,300

Quebec, urban centres 34,200

Ontario, urban centres 41,600

Prairie region, urban centres 15,300

British Columbia, urban centres 9,400

Sunday, June 14, 2009

How to Buy Gold as an Investment

which is the best way to invest in Gold ? Invest in gold in three ways: buying physical gold, such as gold bars or jewelry, buying ownership contracts that relate to the actual gold price or buying shares in gold mining companies. Learn the advantages and disadvantages of each method in this video from an experienced floor trader on investing.

Expert: Mark Griffith
Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures Exchange).
Just buy GOLD, the ETF that tracks the price of gold. As for all these gold bugs, when everyone is talking about it and jumping on the bandwagon, its not a good buy and hold move. the mania hasn't started yet, but when it does, get out!

Saturday, June 13, 2009


Buy physical Gold Now :
Gold is a rocket ship on the verge of taking off . The Real Estate Bubble Burst, The Bulging National Debt, and the Declining Dollar Will Push Gold Prices to Record Highs, even though
gold doesn't pay you an income, and history teaches that gold only competes with cash in the bank or under the mattress or government treasury bonds (provided they pay) when inflation rises faster than interest rates. Gold is going to be king in the Market in the few coming days have been warned ..those who do not buy gold now will find themselves broke when hyper inflation as propheciesed by top notch investors such as Marc Faber or Jim Rogers you will have only yourselves to blame if you keep your assets in US dollars or US treasury Bonds

Friday, June 12, 2009

Gold Declines as The U.S. Dollar Rises , Golden Opportunities NOW

The Strong dollar puts pressure on Gold , other precious metals drop to , Gold is seen as a safe heaven against the dollar fluctuations and the fear of inflation besides the increased liquidity in the system, Gold sells at around $950 this morning . a stronger dollar reduced demand for the metal as an alternative investment ...there are certainly a set of factors behind this drop of gold ...China has been lately stock piling in gold , which has reduced the availability of gold on the market , jewelry demand is soaring particularly out of India which is a big market for gold jewelry

Thursday, June 11, 2009

Platinum and Palladium Rally

precious metal market outlook Platinum and Palladium continue to rise partially thanks to GM banckruptcy these metals are mainly used in polution control in car industry Analysis and Discussion with Rob Kurzatkowski of OptionsXpress Holdings (Bloomberg News)

Gold Will Top Currencies Charts

"I consider all currencies bad during this period 2009 to 2011,” Chris Locke told CNBC Wednesday. “Gold, for me, is the currency to be in,” he said, predicting gold to continue to rally during the recession.Gold prices are shooting to the roof again amongst fear of hyperinflation predicted by top investors such as Marc Faber Jim Rogers and Peter Schiff ...if you have not bought your gold and silver bullion , what are you waiting for ...remember always put 20 to 25% of your assets in physical gold the rest can go into commodities ...but above all get out of cash ..the dollar will probably crash under the weight of the mountains of freshly printed new bills by the FED lately all backed by nothing but thin fresh air ...hyperinflation is inevitable unless a miracle happens

Wednesday, June 10, 2009

Cash for your gold jewelry

It is certainly a sign of the depression we are heading towards people start selling their gold jewelry for Cash...Gold Stash for Cash helps you turn your unwanted jewelry into money.

Rebound in Gold and Silver Prices

as central banks and particularly the American federal reserve the FED continues to flood the market with US dollar notes freshly printed out of thin air , investors fearing hyperinflation like Zimbabwe ex Yugoslavia Argentina or Weimar way have been and will continue to invest in Gold Silver commodities and other precious metals ....Gold prices have been rebounding as central banks around the world print more money, with Jim Grant, CNBC

TD bank increases some mortgage rates

TD Canada Trust (TSX:TD) is raising medium-term mortgage rates by up to half a percentage point while lowering some shorter-term rates effective Wednesday.

The rate for five-year closed mortgages, one of the most commonly chosen by Canadian homeowners, goes up 0.4 percentage point to 5.85 per cent.

That's on top of a 0.2-point increase in the five-year rate announced last week by TD and several other major banks.

Analysts have noted that rates for mid-to long-term mortgages are going up in response to higher yields being paid on bond markets, where lenders finance much of their mortgage business.

The biggest change announced Tuesday by TD will be with three-year closed mortgages, which will rise by 0.5 percentage point to 4.65 per cent. The posted rate for four-year closed mortgages rises by 0.3 point to 5.14 per cent.

TD is lowering its six-month convertible mortgage rate by 0.15 point to 4.6 per cent while its one-year close mortgage rate falls 0.15 point to 3.75 per cent.

The short-term rates are influence more by the Bank of Canada's policy rates, which are at a historical low.

Tuesday, June 9, 2009

Gold Market Rally may be ending soon experts say

Gold prices rising tendencies may be at an end some Wall Street experts say due to the fact that banks are more reluctant to issue any more loans and the fact that unemployment is rising at a high scale ..Gold price has rallied 8.7 percent this year on fear of hyper inflation and the search of an alternative reserve to the dollar bill as a reserve currency ..experts like Jim Rogers and Marv Faber say they will continue to buy gold and commodities whether the economy grows or declines because in both cases gold silver precious metals raw materials natural resources and commodities in general are the best place to be Marc Faber said last month that US economy will become like that of Zimbabwe ...World gold mine production in 2009 is expected to increase by 20 tons to 30 tons from 2,416 metric tons last year, thanks to growth in the mines in Asia, Australia and west Africa,

Commodities market is about to explode Gold, Silver and Oil prices shoting to the roof

The commodities market is about to Explode Oil, copper, platinum, gold, silver and now it looks like Natural Gas is going to be joining the party , lead the gains demand is increasing fueled by massive purchases from china which is apparently eager to dump its massive dollar reserves into the commodities market . Prices have risen in the commodities index by 13% in May, biggest monthly gain in 34 years while Crude oil continues to push to new month highs

Monday, June 8, 2009

Geographically Based E.T.F. ishares shares

opportunities in gold silver platinum other precious metals and hard commodities , sector exposure sector futures , trading commodities...gasoline ETF and energy in general are very popular , bonds stocks , short funds becoming more attractive , ETF vs ETN
Interview and discussion with Deborah Fuhr of Barclays ETF Research Head. Many people are moving toward seizing sector products, because the challenge in this environment is if you believe in the sector. (The Bloomberg Edge)

Sunday, June 7, 2009

the Gold continues its rally amongst weaker dollar and exploding oil and commodities prices

Oil, copper, platinum, gold, silver lead the gains in the hope that demand will rise as the global economy recovers. Prices have rise in the commodities index by 13% in May, biggest monthly gain in 34 is time to buy the dollar as the dollar bottoms now said expert , the commodities continue their rally , the commodities index is up by 13 percent that's the highest monthly gain in 44 years , China obviously is behind this gold and commodities rally as it is trying to that its massive reserves of US dollars into the commodities market ...

Saturday, June 6, 2009

Investing In Gold a good opportunity now ?

Gold becomes an extremely attractive asset class, in the past nine years we are in a deflationary cycle and gold has gone from $250 to $1000 in a deflationary environment.
at $950 is gold is still a good investment especially that some experts predict gold to reach $2000 even $5000 an ounce in the short term amongst the fear that all FIAT currencies may devaluate in a hyperinflation doomsday scenario , although that gold does not pay a devident it is unarguabley the best protection against the devaluation of the Dollar ...bottom line go get your Gold bullions it is still time

Friday, June 5, 2009

Gold Approaches the thousand dollars an ounce as the Dollar continues to fall

Gold surges to near record territory

The metal gains ground as the dollar slumps and investors bet inflation will rebound. Analysts see $1,000 an ounce on the horizon.

NEW YORK ( -- Gold prices charged higher Thursday, with another run at $1,000 an ounce looking increasingly likely, as the dollar remains weak and concerns about inflation boost demand for the metal.

Gold for August delivery rose $16.70 to settle at $982.30 an ounce after hitting an intra day high of $992.10 an ounce earlier this week.

The metal is up 11% from its mid April low of $869.50 an ounce as the U.S. dollar has tumbled against rival currencies. Gold and other commodities that are priced in dollars often gain ground when the greenback weakens.

The recent run up has raised bets that gold could top $1,000 an ounce for the third time ever. Gold rose to an all-time settlement high of $1,003.20 an ounce last year. It made another big push early this year, closing at $1001.80 an ounce Feb. 20.

In both cases, jittery investors flocked to the metal to preserve capital as the financial markets erupted in volatility.

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Thursday, June 4, 2009

Gold Jumps Platinum Surges Silver flies Dollar slides Inflation to the roof

Gold Jumps on Dollar Slide, Inflation Concern; Platinum Surges

By Halia Pavliva

June 4 (Bloomberg) -- Gold prices rose on speculation that the slumping dollar will spur inflation, boosting the appeal of precious metals as a hedge. Platinum surged more than $55 an ounce to the highest since September.

In May, the dollar fell 6.4 percent against a basket of major currencies, the biggest drop in 24 years. The greenback resumed its decline today, sending commodities higher. The Reuters/Jefferies CRB Index of 19 raw materials rose as much as 2.1 percent.

Gold is rising on demand for a safe harbor,” said Philip Gotthelf, the president of Equidex Brokerage Group in Closter, New Jersey. “We still have considerable uncertainty about the dollar.”

Gold futures for August delivery rose $16.70, or 1.7 percent, to $982.30 an ounce on the Comex division of the New York Mercantile Exchange. Yesterday, the price reached $992.10, the highest for a most-active contract since Feb. 24.

Platinum futures for July delivery jumped $48.80, or 3.9 percent, to $1,293.30 an ounce on the Nymex. Earlier, the price reached $1,301.90, the highest since Sept. 9.

Platinum climbed for the seventh straight session, the longest rally since January. Holdings in ETF Securities Ltd.’s exchange-traded fund backed by the metal have jumped 74 percent this year.

Silver futures for July delivery gained 58.5 cents, or 3.8 percent, to $15.895 an ounce on the Comex.

This year, silver has jumped 41 percent, platinum is up 37 percent and gold has gained 11 percent.

‘Fears of Inflation’

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Gold, Silver Climb as Dollar Falls

Gold, Silver Climb as Dollar Falls

The Wall Street Journal
June 2, 2009

Gold and silver futures bounced from overnight weakness Tuesday in response to a softer U.S. dollar, although the metals also ran into bouts of profit-taking.

August gold rose $4.40 to $984.40 an ounce on the Comex division of the New York Mercantile Exchange. July silver rose 22 cents to $15.955 and peaked at $16.02, its strongest level since August.

“Overnight, you had some profit-taking across the board in commodities,” said Bob Haberkorn, Lind-Waldock senior market strategist. “People were anticipating dollar strength on [Treasury Secretary Timothy] Geithner’s comments in China.

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Wednesday, June 3, 2009

Is Your US Home a Good Investment

There's the usual talk about what the latest Case-Shiller house price data mean for the next short term move in the real estate market. Has housing bottomed? If not, has the rate of decline slowed? And when will we see an upturn?

Human nature likes the short term. Which is why so little attention is paid to something that is probably more important, if less urgent: What the latest data show about the long-term of the real estate market.

And it's startling.

We have just been through the biggest boom in real estate in American history. The subsequent bust surely hasn't finished.

Yet look at the numbers. Since 1987, when the Case-Shiller index of 10 major cities begins, it's risen from an index value of 63 to 151. Annual return: Just 4.1% a year. During that period, according to the Bureau of Labor Statistics, consumer prices rose by 3% a year. Net result: Home prices produced a real return of just 1.15% a year over inflation over that time.

Critics may point out that the analysis is unfair -- after all, it starts counting near the peak of the 1980s housing boom. Fair enough. Look at the performance since, say, early 1994, when home prices were near a historic trough. Surely someone who bought then has made a bundle.

Not necessarily. Since then the ten-city index has risen from a value of 76 to 151. Annual return: 4.7%. Inflation over that period: 2.5%. That's still only a real return of 2.2% a year above inflation.

You can often do better on long-term inflation protected government bonds.

And real estate often costs 2% or more a year in property taxes, condo fees, maintenance, insurance and the like.

Conventional wisdom long held that home ownership was a route to wealth, and the imputed rent -- in other words, the right to live in your home -- was just part of the value you got from it. Under that widespread view, the recent housing bust was simply a temporary, though deep, pothole.

Yet for very many people, even over the past 15 or 20 years, the imputed rent may have been all, or nearly all, the real value they actually got from their home.

Yes, it's only recent data. And it's only ten cities. But there's some reason to suspect these numbers may, if anything, flatter real estate performance. After all, it's hard to look at the data and figure the bust is now over. And if they fall further, those long-term return figures will fall too.

Prices weren't just down 19% over the past year. They fell 2% just between February and March. And it's not the worst-hit markets that worry me the most -- Phoenix is down 53% from its peak, Miami 47%. That smells of capitulation. It's the other markets. New York and Boston are only down 20%. Denver's only down 14%.

Overall the ten- and 20-city Case-Shiller indices are merely back to mid-2003 levels. After the biggest boom and bust on record, history suggests things don't stop getting worse until they've gotten a lot worse than that.

Gold as a safe Investment , as prices rise

would you buy or sell Gold at these prices ?

Gold Rally Reflects Weak US Dollar

The gold rally is reaching its peak, according to Charlie Morris of HSBC Global Asset Management, who told CNBC that gold is “merely reflecting (US) dollar weakness.” Against other currencies, there is no rally, he said.

Tuesday, June 2, 2009

Gold Bounces as Euro Hits 2009 High, But "No Strong Investment" Despite US Hyper-Inflation Fears

THE PRICE OF WHOLESALE GOLD bounced in London on Tuesday morning, reaching $983 an ounce for Dollar investors and recovering from near 5-week lows versus the British Pound.

The Gold Price in Euros held steady at €689 as the single currency also leapt, jumping to new 2009 highs against the Dollar above $1.4270.

"Upside for gold could be limited today," reckons Walter de Wet at Standard Bank in a note. "There were fairly large volumes of physical gold selling [on Monday] when the price moved above $980."

But with US Treasury bond prices down more than 5% for the year to date, and "while higher yields increase the cost of holding gold in the longer run," de Wet adds, "right now it signals reduced investment appetite for exposure to the US and a weaker Dollar."

"Don't be complacent and think there isn't any alternative for China to buy your bills and bonds," warned former central-bank advisor Yu Yongding - scheduled to meet US Treasury secretary Tim Geithner in Beijing today - in an interview on Monday.

"The Euro is an alternative. And there are lots of raw materials we can still buy."

According to data from Bloomberg , foreign investment in US Treasury debt rose nearly $69 billion in May, with strong foreign demand for last week's auction of $101bn in new bonds.

The Federal Reserve will continue its $300bn "quantitative easing" of longer-term interest rates by purchasing 10- and 2-year bonds in the open market tomorrow and Thursday.

"Most of the ongoing rally in the precious metal is more driven by a stark weakness in the US Dollar than the risk averse buying we saw last winter," agrees Andrey Kryuchenkov at VTB Capital in London, quoted by The Telegraph.

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Gold Rises in New York, London as Weaker Dollar Boosts Demand

By Nicholas Larkin

June 2 (Bloomberg) -- Gold rose in New York and London as a decline by the dollar increased the metal’s appeal as an alternative investment. Silver also advanced.

The U.S. Dollar Index, a gauge of the currency’s value versus six counterparts, fell as much as 0.8 percent to the lowest since Dec. 18. Gold, which typically gains when the dollar weakens, touched a 14-week peak before closing yesterday and silver reached its highest in almost 10 months.

Investors continue “to track moves in the dollar, the key factor driving gold,” Pradeep Unni, an analyst at Richcomm Global Services in Dubai, said in a note. “As optimism grows that the worst of the economic downturn is over,” the correlation between gold and the dollar has returned, he said.

Gold futures for August delivery rose $1.90, or 0.2 percent, to $981.90 an ounce on the New York Mercantile Exchange’s Comex division at 8:43 a.m. local time. The contract earlier fell as much as 1 percent. Bullion for immediate delivery in London gained $5.16, or 0.5 percent, to $980.43.

The metal slipped to $973.50 an ounce in the morning “fixing” in London, used by some mining companies to sell production, from $981.75 at yesterday’s afternoon fixing. Gold briefly traded above $1,000 in the U.K. capital on Feb. 20, the first time the metal had breached that price since March 2008, when it climbed to a record $1,032.70.

“The week is likely to be dominated by further developments on the currency market, with the rally possibly slowing down if the dollar holds above 79-78.5” as tracked by the index, Andrey Kryuchenkov, an analyst at VTB Capital in London, said in a note. The index fell as low as 78.524 today.

Gold Trust

Investment in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, rose to a record 1,134.03 metric tons yesterday, the company’s Web site showed. That’s the first gain since May 22.

“One day of decent flows is not enough to change our minds on the near-term outlook for gold,” John Reade, UBS AG’s head metals strategist in London, said in a report. “We are seeing no strong physical gold investment, and we hold our one-month forecast for gold at $950 an ounce.”
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Monday, June 1, 2009

Gold Gains to Three-Month High as Weaker Dollar Boosts Demand

By Jae Hur

June 1 (Bloomberg) -- Gold climbed to the highest in more than three months as a slumping dollar increased demand for the precious metal as a store of value. Silver gained to the highest since August.

Precious metals advanced as the dollar dropped to the lowest since Dec. 18 against a basket of six major currencies, after posting its biggest monthly loss this year in May. Silver rose 27 percent in May, the most since April 1987, and gold added 10 percent, the most since November.

“The dollar’s weakness continued to lend support to commodities, including precious metals and crude oil,” said Hiroyuki Kikukawa, general manager of research at IDO Securities Co. in Tokyo.

Gold for immediate delivery added as much as 0.7 percent to $985.70 an ounce, the highest since Feb. 24, and was at $983.51 at 1:57 p.m. in Singapore. Silver for immediate delivery climbed as much as 1.3 percent to $15.95 an ounce, the highest since Aug. 8, before trading at $15.865.

Spot silver has jumped 39 percent this year, while gold has gained 12 percent. One ounce of gold now buys about 62.1 ounces of silver, the lowest this year, according to data compiled by Bloomberg. This is down from a high of 84.39 in October, which was the most since March 1995.

“Both precious metals appeared to have been overbought,” Kikukawa said. Silver’s 14-day relative strength index, a gauge of momentum, rose above 70 on May 28, a signal some investors use to indicate prices may be about to decline. The index for gold climbed above 70 on May 29.

Record High

“Given the re-emergence of the typical inverse relationship between the dollar and gold, the likelihood of further weakness in the dollar should drive gold to a test of its 2008 record highs,” said Toby Hassall, an analyst at Commodity Warrants Australia Pty in Sydney.

Spot gold reached a record $1,032.70 on March 17, 2008.

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