Wednesday, March 31, 2010
Monday, March 29, 2010
Sunday, March 28, 2010
Greece Bailout Bullish for Gold
Friday, March 26, 2010
Gold vs Crude Oil
What is Moving Gold and the Precious Metals?
George Gero of RBC Wealth Management offers a snapshot of the commodities market.
Gold May Reach $1,400-$1,500 by Year End says Jeffrey Nichols
Wednesday, March 24, 2010
Higher Interest Rates
Carney did not declare higher rates were on the way, but issued his clearest signal to date that his year-old commitment to keep the policy rate at the record 0.25 per cent until July was "expressly conditional" on inflation remaining tame.
In a speech to a business audience, the bank governor noted that both underlying core inflation and economic growth have grown slightly stronger, although broadly proceeding as expected.
The tip-off to economists was that he changed his language on his conditional commitment on interest rates, which has led to historically low rates for both consumers and businesses in Canada and helped the country recover from recession.
"This commitment is expressly conditional on the outlook for inflation," he told the Ottawa Economic Association.
It was the first time Carney has undercut the commitment in such pointed language.
Later, Carney downplayed the significance, joking with reporters that he needed to used different words to keep the media's attention.
But economists said the distinction was significant.
"They still have considerable latitude, but the changes that would be required to their forecast are consistent with hiking rates sooner than markets are anticipating," said Derek Holt, Scotiabank's vice-president of economics. He said Carney may move as early as June 1.
But Holt stressed that Carney's overall message to Canadians is that rates will remain low by historical standards for some time.
"No matter what, we emerge from this with lower rates at the end point of the hiking campaign than in past cycles. He's saying the outlook is clouded with risks and there's a number of reasons to expect growth to be lower than past cycles."
Core inflation - which excludes volatile items like energy - has been stubbornly sticky the past few months, with the index rising to 2.1 per cent in February. That's the first time it has been above the central bank's target of two per cent in more than a year.
And Carney pointed out that the economy has performed better than he thought when the bank issued its last forecast in January, predicting growth of 2.9 per cent this year. Since then, several private sector economists have increased their projections and Carney is expected to do the same at the next scheduled forecast date on April 22.
At a news conference following his speech, Carney warned against reading in too much optimism in his assessment.
"It wasn't that rosy a message," he said. He cautioned that low U.S. demand and the high Canadian dollar, which was trading below 98 cents US on Wednesday but still high by recent standards, were acting as "significant drags" on the economy.
On a longer term basis, Carney's message to Canadians was positively dark, warning that the country needs to address its "abysmal" productivity record and that the world needs to follow through with reforms to address global imbalances, particularly China's undervalued currency.
Carney calculated that unless the country improves its productivity or output per unit of work, Canadians can expect to lose a total of $30,000 in real income over the next decade.
"Canada does underperform," he said. "We are not as productive as we could be. Our potential growth is slowing. Moreover, this is occurring as the very nature of the global economy ... is under threat."
Bullish on Bullion
Tuesday, March 23, 2010
Gold breaks $1,100
NEW YORK (TheStreet) -- George Gero, vice president of global futures at RBC Capital Markets, expects gold prices to rise from current levels as Greek sovereign debt fears abate
Monday, March 22, 2010
Gold is having a Correction but will continue to Rise says Doody
Charting Gold, Oil & More
Saturday, March 20, 2010
The secret of Gold - Gold as an investment
Gold as an investment
(from Wikipedia the free encyclopedia)
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or safe haven against any economic, political, social or currency-based crises. These crises include investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest. Investors also buy gold early in a bull market and aim to sell it before a bear market begins, in an attempt to gain financially.
Gold has been used throughout history as a form of payment and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the later part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold.
Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world. The following table sets forth the gold price versus various assets and key statistics
Friday, March 19, 2010
Gold Set to Go Higher Francisco Blanch of Merrill Lynch global research says
Thursday, March 18, 2010
Euro Pressures Gold - Jon Nadler
Wednesday, March 17, 2010
Jim Turk Gold Will Soar on Euro Crisis
Silver Falcon Mining, Inc. (SFMI) Announces April 19, 2010 Mill Production Start-Up
From this point-in-time, the Company will proceed with 4 weeks of verification of the equipment and mill commissioning. This will include final verifications, confirming that all the equipment components are mechanically sound, and that all electrical circuits function properly. This will be followed by powering-up the facility to check on the full functionality of the mill circuit.
read entire article
Tuesday, March 16, 2010
Barratt Says Gold Price May Surpass $1,200 by Year End
Investing in the Stock Market and Gold for Beginners
Gold is a very hot commodity right now. In recent years gold has been bouncing back to the top for investors. Therefore, you may want to look at the prices of gold as they stand right now and where experts believe the prices are headed. It can be very easy for you to gain stock market earnings by investing in gold. Research is the key for any stock market investment.
Before you can even begin investing though, you need to have the capital to do so. This means paying off any of the payday advance loans and lines of credit you may have. Once your other debts are paid off you can use your current salaries to invest in the market. You should not invest in the market unless you can afford to lose a little of your starting capital. Mistakes and certain choices are bound to make you lose.
You also need to start off with a good amount to invest so that you can diversify your stock portfolio. The phrase “never put all your eggs in one basket” is very important when it comes to the stock market. By having a diversified portfolio you are able to make money, sell off some stocks, and ensure that you are in the best industries rather than just one industry.
Basically, when you invest you need one investment company from each industry you want to invest in. For example, you would invest in one gold company, not two or three since they compete against each other.
Gold is an Armageddon Hedge
Friday, March 12, 2010
Why Platinum bullion is a Great investment
South Africa Is All About Platinum Bullion, Not Football...
South Africa is the main world producer of Platinum , a precious metal that is suffering from severe shortage in the market because there are no new mines discovered , not to mention that platinum is a useful industrial metal ,
Home Prices Climb Again
On a monthly basis, the housing-only component of the new housing price index rose by 0.5 percent and the land-only component edged up 0.1 percent.
New home prices firmed 0.1 percent in January from a year earlier, the first year-over-year rise since December 2008.
Despite nationwide gains, prices have been falling in Western Canada, which saw huge price spikes prior to the recent economic crisis.
"Declines slowed in most of Western Canada's metropolitan regions as new housing prices returned to the price levels observed prior to the highs registered at the end of 2007 and the beginning of 2008," Statscan said.
The Canadian housing market slumped during the recession last year but never underwent a U.S.-style collapse. Strong sales and price gains in recent months have led to worries of a made-in-Canada housing bubble and prompted the government to tighten mortgage lending rules in February.
Silver Mined in America - Wildcat Silver
Wildcat Silver Corporation
Wildcat Silver is developing the Hardshell silver-manganese deposit in Santa Cruz County, Arizona. Wildcat owns 80% of the Hardshell deposit and is headquartered
in Vancouver, BC. The Company trades on the TSX Venture Exchange under the symbol WS.
Board of Directors
Richard W. Warke (Chairman)
R. Stuart Angus
John R. Brodie
Donald Clark
Robert Wares
Thursday, March 11, 2010
Hedge Funds Bailing Out of Gold - There is risk of deflation not inflation says Anthony Scaramucci Gold is not going where people are expecting
There is more deflation risk than Inflation , the Gold is not going where people think it will says Anthony Scaramucci, of Skybridge Capital
Anthony Scaramucci, of Skybridge Capital, discusses what's next for gold with the Fast Money traders , There will be no inflation anytime soon without real wage growth , despite the trillions of dollars helicoptered into the economy , without wage growth there is more a risk of deflation than inflation Anthony Scaramucci believes
Predictions for Silver - Gold by Ray Barros
Wednesday, March 10, 2010
Our FHA Jumbo Loans are not capped at $650k
FHA Jumbo Loans are those that are $417,001 (aka the conforming loan limit) and up to the county limit. In many parts of California FHA Loans are available up to $729,750. This would include Los Angeles, Orange County, Ventura County, San Francisco, Alameda county, Santa Clara, San Jose, San Mateo, Contra Costa, and more. San Diego allows FHA loans up to $697,500, and Seattle is capped at $567,500. Be sure to check out our main website for details on FHA Loan Limits: http://www.vandykfunding.com/. VanDyk offers FHA Jumbo loans for Purchase, Refinance, and Cash out Refinance.
Our VA Jumbo loans are not capped at $650,000
VanDyk Mortgage allows you to borrow up to your full County Loan Limits. Our VA Jumbo loans are not capped at $650,000. This may sound strange, but many VA lenders do not offer VA loans above $650k. Why $650K you ask? It doesn't correspond with any VA County Limit (check yours here). This has to do with the lenders investors and warehouse financing. Warehouse financing is basically the Lenders line of credit that is used to extend mortgage loans. Many lenders are constricted by their warehouse lenders guidelines such as the $650K limit, without regard to Loan Limits. VanDyk Mortgage allows you to borrow up to your full County Loan Limits. In some cases we can make a VA Jumbo Loan up to $1.5 million. Please call for details on the VA Jumbo Program, it allows Veterans to purchase and refinance properties in higher cost areas in California and Washington such as Los Angeles, San Diego, San Francisco, Seattle, Bellevue, Kirkland, and more.
VA Loans offer benefits to all Vets, not just First Time Home Buyers
VA Loans offer benefits to all Vets, not just for First Time Homebuyers. With increased VA Loan limits and enhanced VA refinance options, VA Home Loans offer current Veteran Homeowners two opportunities:
Veterans looking to purchase a new home (ie move up VA buyer) can now take advantage of much higher VA Loan limits to purchase their primary home. We will discuss VA Loan limits further in this article.
Refinance your Non-VA Loan into a safe, fixed rate VA loan (with no mortgage insurance, and up to 90% of your homes value, and this amount can include cash out).
Veteran Homebuyers in the greater Seattle-Tacoma-Everett area can borrow up to $481,250 with our VA Jumbo Loans. Vets in Los Angeles and Orange Counties can qualify for 100% VA Financing up to $593,750. San Diego Vets can go up to $437,500, while much of the Bay Area has a much higher VA Loan limit of $962,500 (San Francisco, San Jose, Oakland, Fremont, Santa Clara, Pleasanton, Sunnyvale, etc). We are a Direct VA Lender offering VA Home Loans and VA Jumbo Home Loans in every state we service. Check your counties VA Loan limits on our main site, www.vandykfunding.com. We have been making VA Loans since 1987, go with the VA Loan Pros at VanDyk Mortgage.
Check out some of our other articles on VA Loans.
Monday, March 8, 2010
Bob Chapman on the Gold Plated Tungsten Bars Scandal
Gold Counterfeiting: German TV discovers 500g Tungsten bar from bank
Bob Chapman returns on the Tungsten gold plated bars scandal after a German TV have found a Tungsten bar sold as gold and professionally counterfeited , Bob Chapman advises against Gold bars if you are not able to check them out very carefully , he prefers coins to barsGerman ProSieben TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin
From my estimate, 500 grams (or about 17.63 ounces) of gold at spot should be about $20,000 (US) instead of just over $20 (US) that Tungsten would be worth. That’s quite a rip-off. Via Infowars
Tyler Durden
Zero Hedge
March 2, 2010
German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world’s largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that “not all the glitters is gold.”
Full clip after the jump.
Sunday, March 7, 2010
2010 VA Loan Limits for Washington
2010 Washington State VA Loan Limits.
The Veterans Administration, in concert with some help from Congress in 2008 now allows Veterans and Active Duty Military Personnel to purchase homes in higher cost areas such as California and Washington at loan amounts much higher than the old VA limits. Some examples in King County, Washington are Seattle, Bellevue, Kirkland, Redmond, Issaquah, Kent, Auburn, Burien, Des Moines, Snoqualmie, North Bend, Sammamish, Shoreline, and Woodinville may qualify for a 100% VA Jumbo loan up to $481,250. Pierce County cities including Tacoma, Federal Way, Bonney Lake, Puyallup, Port Orchard, Spanaway, Roy, Sumner and Fife can borrow up to $481,250 with no money down when buying a house. Snohomish County Vets buying a home in Everett, Bothell, Mill Creek, Lynnwood, Edmonds, Marysville, Snohomish, Monroe, Mukilteo, and Lake Stevens Vets qualify up to $481,250 for a 100% VA Loan as well.
VanDyk Mortgage is a proud VA Lender serving many states including California, Washington, Texas, Florida, and more.
We have compiled the Washington VA Loan limits for 2010 by county below. Here is a link to our complete list of all nationwide 2010 VA Loan Limits.
STATE COUNTY 2010 VA LIMIT
WA KING $481,250
WA PIERCE $481,250
WA SAN JUAN $505,000
WA SNOHOMISH $481,250
Any county not listed is at $417,000 for the VA loan limit.
If you need a VA loan for a higher amount than your county loan limit, please call us. We do offer VA loans over the county loan limits for VA IRRRL Streamline Refinance (aka VA Streamline), Refinance and Purchase. Call Brian Skaar at 760-752-4480 to get started.
VanDyk Mortgage is a Proud VA Direct Lender. VanDyk Mortgage has been making FHA & VA loans since 1987. We are a HUD recognized Full Eagle FHA DE underwriter and FHA Direct Lender. Go with the Government Loan Pros, go with VanDyk. Visit us at http://www.vandykfunding.com/ or call Brian Skaar direct at 760-752-4480 for help with your VA or FHA loan.
We are your VA Lender & VA Jumbo Direct Lender and FHA Lender & FHA Jumbo Direct Lender and we offer FHA, FHA Jumbo, FHA Manual Underwrite, FHA Jumbo Streamline refinance, FHA Jumbo Purchase, FHA Streamline, VA, VA Streamline, VA Jumbo purchase, VA Jumbo Refinance, VA Cashout refinance, VA, Conforming & Jumbo Loans.
2010 Loan Limits for VA Borrowers in California
The Veterans Administration, in concert with some help from Congress in 2008 now allows Veterans and Active Duty Military Personnel to purchase homes in higher cost areas such as California and Washington at loan amounts much higher than the old VA limits. Some examples in California are San Jose, San Francisco, Oakland, Fremont and much of the Bay Area may qualify for a 100% VA Jumbo loan up to $962,500. Los Angeles and Orange county cities such as Los Angeles (duh), Irvine, Anaheim, Newport Beach, Costa Mesa, Laguna, Orange, Santa Monica, Hermosa Beach, Manhattan Beach, Torrance, Pasadena, and Brea can borrow up to $593,750 with no money down when buying a house. San Diego Vets qualify up to $437,500 for a 100% VA Loan.
VanDyk Mortgage is a proud VA Lender serving many states including California, Washington, Texas, Florida, and more.
We have compiled the California VA Loan limits for 2010 by county below. Here is a link to our complete list of all nationwide 2010 VA Loan Limits.
STATE COUNTY 2010 VA LIMIT
CA ALAMEDA $962,500
CA CONTRA COSTA $962,500
CA EL DORADO $418,750
CA LOS ANGELES $593,750
CA MARIN $962,500
CA MONO $512,500
CA NAPA $443,750
CA NEVADA $418,750
CA ORANGE $593,750
CA PLACER $418,750
CA SACRAMENTO $418,750
CA SAN BENITO $633,750
CA SAN DIEGO $437,500
CA SAN FRANCISCO $962,500
CA SAN LUIS OBISPO $487,500
CA SAN MATEO $962,500
CA SANTA CLARA $633,750
CA SANTA CRUZ $568,750
CA VENTURA $486,250
CA YOLO $418,750
Any county not listed is at $417,000 for the VA loan limit.
If you need a VA loan for a higher amount than your county loan limit, please call us. We do offer VA loans over the county loan limits for VA IRRRL Streamline Refinance (aka VA Streamline), Refinance and Purchase. Call Brian Skaar at 760-752-4480 to get started.
Saturday, March 6, 2010
Demand From China will shoot Gold Prices to the Moon says Nichols
Rosland's Nichols Likes Gold on `Pent-Up' China Demand
March 4 (Bloomberg) -- Jeffrey Nichols, senior economic adviser to Rosland Capital, talks with Bloomberg's Pimm Fox about the outlook for gold. Nichols also discusses his investment strategy for gold. (This is an excerpt. Source: Bloomberg)McGuire Sees Gold Price Rising to $1,300 in 2010
CWA's McGuire Sees Gold Price Rising to $1,300 in 2010
March 5 (Bloomberg) -- Peter McGuire, managing director at CWA Global Markets Pty in Sydney, talks with Bloomberg's Haslinda Amin about his forecast for the price of gold. McGuire also discusses the outlook for crude oil, copper and silver. (Source: Bloomberg)
Thursday, March 4, 2010
Fannie & Freddie extend HARP Refinance program for underwater homeowners - HARP -Home Affordable Refinance Program
Fannie & Freddie extend HARP Refinance program for underwater homeowners - HARP -Home Affordable Refinance Program for conventional conforming loans.
The regulator for Government run Fannie Mae and Freddie Mac has authorized a 1 year extension on the HARP Refinance initiative until June 2011. This is also called the Home Affordable Refinance Program. This program allows homeowners with loans currently owned by Fannie Mae or Freddie Mac to refinance with expanded qualifications.
The Fannie Mae program is called Refi Plus or DU Refi Plus. This program allows several benefits to refinance:
> allows you to refinance your mortgage up to 125% of your current value
> allows for reduced income and asset documentation (definitely not stated income however)
> allows for appraisal waivers in some cases, saving you the time and expense of an appraisal
> allows you to take advantage of the low interest rates you may have missed out on!
> these are available up to the conforming loan limits for your county (see below for links)
The Freddie Mac program is called the Freddie Mac Relief program - Open Access. This program allows several benefits to refinance:
> allows you to refinance your mortgage up to 125% of your current value
> allows for reduced income and asset documentation (definitely not stated income however)
> allows you to take advantage of the low interest rates you may have missed out on!
> You are no longer restricted to using your current lender on your loan to complete your Freddie Mac Relief Refinance - We can help.
> these are available up to the conforming loan limits for your county (see below for links)
Click here for California Loan Limits
Click here For Washington Loan limits
For Washington State residents, we offer Conforming and Conforming Jumbo Loans for Single Family Homes up to $567,500 in King, Snohomish, and Pierce Counties. Up to $593,750 in San Juan County, and $475,000 in Kitsap County.
For California State residents, we offer Conforming and Conforming Jumbo (aka High Balance) for Single family Homes up to $697,500 in San Diego County, up to $729,750 in Los Angeles, Orange, Ventura, San Francisco, San Mateo, Santa Clara, Contra Costa, Alameda, Marin, Monterey, Napa, Santa Barbara, Santa Cruz, San Benito counties, up to $580,000 in Sacramento, Placer & El Dorado counties, Sonoma county up to $662,500, and up to $500,000 in Riverside and San Bernardino counties.
VanDyk Mortgage is a Direct Lender. To get started, contact us at 760-752-4480 (Brian Skaar Direct), or apply online at http://www.vandykfunding.com/.
Wednesday, March 3, 2010
Peter Grandich Physical Gold market vs Paper Market
Tuesday, March 2, 2010
Mortgage Insurance Policies
It also highlights how the U.S. government signalled an implicit public guarantee against financial failures by directing government sponsored enterprises (GSEs), similar to the CMHC, to buy and securitize mortgages for high-risk borrowers.
"In the wake of the recent financial crisis, American taxpayers are facing an enormous future liability to pay for the government bailout of the financial industry. Canadian taxpayers could face a similar liability because our government is so heavily involved in the mortgage insurance market through the CMHC,"
The report, written by researcher Neil Mohindra, examines the mortgage finance models in use in Australia and Canada, as well as the European covered bond model, focusing on the question of how to minimize risk to taxpayers while still achieving the housing objectives espoused by government policy-makers.
Australia had its own sub-prime debacle in the 1980s when a state government securitization agency created a program to fund mortgages for low-income borrowers. The program was a disaster and resulted in taxpayer losses of close to half a billion Australian dollars.
Once the Australian state governments got out of the mortgage securitization market, the private sector became active in securitizing residential mortgages. The Australian federal government also exited mortgage insurance by privatizing its mortgage insurer.
The study finds that home-ownership rates in the period following the privatization showed no adverse effects from the lack of government involvement in mortgage finance. In fact, the proportion of Australian homeowners relying on mortgage finance increased and housing quality improved.
"The Australian experience shows that a market for mortgage insurance can operate effectively without any form of government guarantee,"
"In order to lessen the taxpayer exposure and reduce the likelihood of a Canadian mortgage crisis, the government should emulate Australia and allow the private sector to take total responsibility for insuring and securitizing Canadian residential mortgages."
Monday, March 1, 2010
Silver price will shoot up says Gammon Gold Inc
Gammon's Marion Expects `Strong Rebound' in Silver Price
March 1 (Bloomberg) -- Rene Marion, chief executive officer of Gammon Gold Inc., talks with Bloomberg's Pimm Fox about the outlook for silver prices. Marion also discusses Gammon's Mexico mine and expansion plans. (Source: Bloomberg)
Peter McGuire bullish on gold and silver over the longer-term
Bullish Gold, Oil Rangebound: Analyst
Peter McGuire, managing director at Commodity Warrants Australia is bullish gold and silver over the longer-term and sees further upside to bulk commodities. He also gives his take on wheat and oil to Greg Goodsell of RBS and CNBC's Amanda Drury and Sri Jegarajah.