Gold Investing and Gold Stocks News

Bill Fleckenstein On the Gold Crash - Mike Swanson (04/23/2013)

"What we just witnessed in the gold market, in my opinion, was a panic liquidation that has no predictive value and which occurred in the teeth of the most wildly gold-friendly fundamentals the world has ever seen. Unfortunately, this is a lesson of markets sometimes being perverse and doing whatever they want to."

Video - Jim Rogers Says Gold Going "Much Higher" Over This Decade - Mike Swanson (04/17/2013)

Jim Rogers, chairman of Rogers Holdings, talks about global commodity markets and investment strategy. Rogers also discusses the outlook for the U.S. dollar. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move."

Why The Gold Bear Attack Crash Really Happened - Mike Swanson (04/16/2013)

Every hedge fund in the gold trade was down and every investor who bought gold themselves since then was too. Losses lead to panic. That is why the 1550 level was so important - and why it has led to this current gold crash. Every computer program yelled sell once the 1550 level was breached and the selling built up into a crescendo - into a crash.

"A Person Would Be A Fool To Sell His Soul For One Of These Decreasing Dollars" - Mike Swanson (04/15/2013)

This isn't to endorse all of his beliefs, but skip to the six minute mark and you can see why this person sent me this video - and why its relevant for the struggle gold investors are facing today.

This Is the Final Liquidation of the Gold Bug - Mike Swanson (04/14/2013)

What you are witnessing in the gold market right now is the final liquidation of the gold bug. On Friday gold fell $84 an ounce for a 5.38% drop while the HUI gold stock index fell 6%. Big bad moves. What is worse these drops have come after months of falling gold prices all while the S&P 500 has gone higher.

Podcast - Jordan Roy-Byrne On The Extreme Bearish Sentiment Displayed In Gold - Mike Swanson (03/12/2013)

Jordan sees plenty of signs that sentiment for gold has reached an extremely bearish level which typically comes at key bottoms. He also explained how he thinks gold and gold stocks will play out over the next few months.

How To Use Gold To Build Real Wealth

I want to talk to you about using gold to build real wealth. Very few people end up rich and wealthy when they retire. That's because most people make two really big blunders that they never recover from. For you that means if you want to build real wealth you have to what most people don't do. You gotta be a bit of a contrarian and go against the masses.

Podcast: Why Feb 21 May Become a Key Date for Gold Stocks, With Dave Skarica - Mike Swanson (02/06/2013)

I just did this podcast with Dave Skarica of

In this podcast Dave and I talked about gold and gold stocks and why February 21, 2013 may prove to be a key date for them.

Hedge Fund Disasters Are Hurting Gold - Mike Swanson (01/09/13)

The price of gold has been kept down by hedge fund redemptions. These redemptions will end in a week and after that a nasty hand that has been holding the price of gold down will be lifted. As we begin this new year news is starting to trickle out demonstrating that hedge funds as a whole have had a horrid performance last year.

According to incoming data nine out of ten hedge funds failed to beat the S&P 500 last year. According to a recent report by Goldman Sachs their average return was 8% while the S&P 500 posted a 13% gain for 2012.

Southern Copper Corp. (NASDAQ: SCCO) Raises Its Dividend - Mike Swanson (11/02/12)

One of the stocks I own, SCCO, recently announced that it is going to pay a dividend of $2.75 to shareholders on record on November 7th. Of course the stock has gone up on this news and the dividend is so large that it gives the company an annual dividend rate of 28.9%. Incredible.

The company is one of the largest copper produces in the world with operations in Mexico, Peru, and Chile.

Gold Stocks Are Firming Up - Mike Swanson (10/12/12)

Yesterday the DOW went up about 100 points in the morning and then closed down 20 points. The S&P 500 and Nasdaq also went up in the morning and then dumped in the afternoon. The markets have been in a corrective phase for the past few weeks and action like yesterday suggests that they have not bottomed yet.

My guess is that we will see an end to this correction after a little more selling in the US markets. The bottom may come next week on a bad earnings release that causes a gap down.

Stop Being So Scared!!!!! - Mike Swanson (09/28/12)

Every day I get at least a half dozen emails from people asking me if I am worried about stocks. Usually they send me an article that has a reason to think a new bear market is coming. The reason might be that psychology is bullish, the market has gone up a lot so it has to drop, the economy will never recover, Elliot Wave nonsense says everything will fall, or we are in deflation. What is going on is that the person sending the email is usually simply worried and wants some reassurance.

So if you are worried all I got to say is STOP BEING SO SCARED!!!!

Gold's Seasonal Pattern - Mike Swanson (09/05/12)

There are seasonal patterns to most commodities and that includes gold. You can see gold's historic seasonal pattern for the last 30 years in this chart. Now last year was different, because gold peaked around this time of year and then went into a mini-bear market consolidation phase. But in most years it has a tendency to have its best months overall from August till spring.