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Jim Rogers Calls For Gold To Hit $2,200 Inflation Adjusted All-Time High

Posted by AGORACOM at 5:48 PM on Thursday, November 20th, 2008

Last night at the AGORACOM sponsored Roth China/Vegas Conference, keynote presenter Jim Rogers stated that “Gold will hit its inflation adjusted high of $2200.” Jim made this call in response to a question I posed following his “state of the union” on the United States economy, which was basically “get the hell out as fast as you can”.

Fortunately, for the 6 billion people on the planet that could not be at the Wynn Hotel in Las Vegas last night, I covered the event and posted his comments via the AGORACOM Twitter from my cell phone. Twitter search hasn’t indexed my tweets yet, so here’s a snapshot:

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AGORACOM remains very bullish on Gold, as outlined within our extensive “Gold $1,000” blog entries. After Jim’s speech, perhaps I should rename it “Gold $2,000”?

Regards,
AGORACOM

Metals Keep Drying Up As COMEX Pretends Otherwise

Posted by AGORACOM at 12:04 PM on Wednesday, October 22nd, 2008

Great article out of GATA the other day (I was at a funeral so apologies for the lag time). We’ve been reading more and more stories about the suspension/halt of gold coins over the last 60 days. First, the US Mint had to temporarily suspend sales of its American Eagle one-ounce gold coins on Aug. 15 – and then later that month announced sales of the American Eagle coins would resume under an allocation program to designated dealers.

Since then, we have had the following notable headlines:

September 26 – US Mint Suspends Sale of 24-Carat Gold Coins

The U.S. Mint is temporarily halting sales of its popular American Buffalo 24-karat gold coins because it can’t keep up with soaring demand as investors seek the safety of gold amid economic turbulence .. full story

October 8 – Mint Widens Freeze on Gold Coin Sales

Citing extraordinary demand, the U.S. Mint has broadened its freeze on sales of gold bullion coins, as individual investors who are priced out of the futures markets have been piling up their holdings of the … full story

October 8 – Canadian and US Mints Can Not Keep Up With Gold Coin Demand

An array of gold and silver coins from various mints – including the U.S. Mint and the Royal Canadian Mint – have been temporarily removed from the offerings at Kitco Inc., a precious metals dealer … full story

WHY THE DISCONNECT WITH COMEX?

Clearly, both investors and citizens are demanding physical gold to the point of exhausting supply, so why are COMEX prices not reflecting the demand? Our Chief Commentator, Peter Grandich, stated:

“There’s an old saying: ‘Don’t fight City Hall.’ I have a new one: ‘Don’t fight the bandits on the Comex.’

“There’s no rational explanation for the incredible disconnection between gold’s physical demand and the paper trading of it on the Comex. Whatever doubt anyone had about GATA being right in its cause would be gone in my humble opinion if you watched Comex trading every day. A very good friend of mine says he doesn’t mind losing in gold and his mining stocks, but when you can see criminals stealing it from you on the Comex, you just want to die.

The GATA article also goes on to report significant silver shortages in Mexico. Specifically, Hugo Salinas Price, president of the Mexican Civic Association for Silver stated:

“Mexico’s central bank has informed us that as of this morning they will be able to supply us with only 60,000 Libertad silver ounces from here to December….How is it possible that a country that is either No. 1 or No. 2 in silver production (Peru sometimes exceeding Mexico) cannot supply silver coin?”

Is the disconnect manufactured? Nobody can say for sure but when real-life isn’t reflected in the marketplace the real world usually ends up winning … just ask every purchaser of “AAA” sub-prime mortgage packages.

Regards,
George

Gold Prices – New York, 24-Hour, 30 Day, 1 Year

Posted by AGORACOM at 10:02 PM on Sunday, October 19th, 2008

CHARTS UPDATE: EVERY MINUTE

Welcome to the AGORACOM Gold Prices Page. We created this page to give members a convenient way of viewing price action without having to leave the site.   As you can see, we’ve amalgamated charts from Kitco.com, as permitted.

We’re also happy to provide:

ONCE YOU ARE DONE REVIEWING PRICES …..

You may want to discover these great junior resource companies with great Gold Projects. Yes, they are clients or we have invested in them, so assume we are horribly conflicted.  Now go take a look at their projects and partnerships … you won’t regret it.

ONCE YOU ARE DONE REVIEWING GOLD PRICES …..

You will want to make your way over to my Gold $2,000 blog posts to find out about great gold companies and other commentary.

In addition, you will also want to have a look at our previous AGORACOM Online Gold & Commodities Conference this December 3rd and 4th. Keynote speakers included Peter Grandich, Paul Kedrosky, Barry Ritholtz, Eric Coffin and Gregor Macdonald!

[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]

[Most Recent XAU from www.kitco.com]

Capitulation Today and Tuesday? Follow My Blog And Twitter

Posted by AGORACOM at 8:24 AM on Friday, October 10th, 2008

Gang, if you want to follow my micro posts, you can follow me on Twitter as well. Here is an example of what I have posted today:

Regards,
George

Why Did Gold Go Parabolic At 3:30?

Posted by AGORACOM at 3:15 PM on Thursday, October 9th, 2008

[NOTE:  These charts are “live”, they are not a snapshot.  As such, if you are reading this post after October 9th, you will be seeing the current price and chart action of gold, not the October 9th parabolic move]

What does the market know that the masses don’t? Look at the green line for what gold did between 3:00 and 4:00.

Capitulation has got to be close, so I’ll repeat my comments for those of you who are panicking….

If you’re an investor with even a little bit of cash, this is going to be one of the best buying opportunities of your life.

If you’re a CEO of a small-cap company, this is the time to place your company head and shoulders above your peers so that investors come to you once they’ve calmed down.

Regards,
George

US National Debt Clock Runs Out Of Space

Posted by AGORACOM at 2:26 PM on Thursday, October 9th, 2008

“The National Debt Clock in New York City has run out of digits to record the
growing figure. As a short-term fix, the digital dollar sign on the billboard-style
clock near Times Square has been switched to a figure – the “1” in $10 trillion.”
Full Story.

Hat-tip to Peter Grandich for posting the story first. More than just quick on the draw, Peter has been warning us about this for as long as I can remember by telling us “Americans are robbing Peter to pay Paul but Peter is tapped out.”

Sorry Grandich, it isn’t just Peter that is tapped out, now its the clock that tracks the whole thing. Wow. How gold hasn’t shot past $1,500, let alone $1,000, is beyond me. Read my $1,000 Gold category.

God Bless,
Peter

U.S. Searches For “Agoracom” Skyrockets With Bloomberg / CNBC TV Campaign. “Gold Stocks” Too.

Posted by AGORACOM at 9:35 AM on Thursday, October 9th, 2008

On September 15, we announced the commencement of 30-second television ads on Bloomberg and CNBC in the United States, as well as, BNN in Canada.  Unlike search engine marketing, it can be used to be hard to measure the effectiveness of offline branding campaigns because potential new visitors don’t call you.  If we were specifically marketing our IR services, you could measure the number of prospect calls or web inquiries.

Fortunately, we now have Google Trends. Google Trends analyzes how many searches have been done for a specific term, relative to the total number of searches for that specific term over time. In this case, I wanted to see the search trend for “AGORACOM” in the United States.

In order to make comparisons easy and put them in relative terms, Google assigns the searches over time a  baseline score of 1.00.  As such, anything above 1.00 since September 15 is a good sign and anything below 1.00 is a bad sign. How good or bad would depend on how far off 1.00 the trend is.

So what is the trend for AGORACOM so far? A Google Trends chart is worth 1,000 words:

The spike is so big that the baseline of 1.00 looks like we had no searches at all in 2008 when, in fact, the spike meant the chart had to be set to increments of 10.  To put this into perspective, Imagine what the chart of a small-cap stock would look like if it was trading pretty healthy in and around $1.00 for most of the year and then suddenly spiked to almost $20.

I do concede this is still early and we will have to check this again in 30 days – but we are off to a great start.

AMERICANS SEARCHING FOR “GOLD STOCKS”

If you want to take a look at your own trends, go here.  You can view a search trend for the entire world or for a specific country.  The caveat is that Google Trends doesn’t give you reports on thinly traded search terms. As such, if your corporate name doesn’t register, try things like your industry.  For example, I queried “Gold Stocks” and the following tells me that Americans are becoming VERY interested in them!

If you are a small-cap CEO and don’t recognize the power of Web 2.0 by now, I give up 🙂

Regards,
George

TSX Biggest Movers – Are Gold Stocks Diverging And Making Their Run?

Posted by AGORACOM at 5:45 PM on Wednesday, October 8th, 2008

This is courtesy of my lead biz dev guy, Scott Purkis. Take a look at the biggest % gainers on the TSX today. Hopefully, this is a sign that gold/metal stocks are de-coupling from the major indexes and taking on a life of their own. Still early but I’ll make sure Scott keeps me updated:

[CLICK ON THE IMAGE FOR CLEARER VERSION]

Regards,
George

AGORACOM Acquires Grandich.com, Appoints Peter Grandich Chief Commentator

Posted by AGORACOM at 7:35 AM on Friday, October 3rd, 2008

TORONTO, October 3, 2008 – AGORACOM (http://www.agoracom.com), Canada’s largest small-cap investment community and only provider of monitored online communities to public companies, is proud to announce the acquisition of www.Grandich.com, the home of The Grandich Letter, a leading newsletter analyzing the metals and mining markets within global stock and bond markets. The Grandich Letter has been published since 1984, has over 11,000 subscribers and also serves as an investor relations vehicle for Grandich clients.

In addition, AGORACOM is very pleased to announce that Peter Grandich, publisher of the Grandich Letter, has been appointed Chief Commentator and can be found at http://grandich.agoracom.com

ACQUISITION COMBINES POWERFUL SMALL-CAP COMMUNITY WITH LEADING COMMENATARY

The combination of AGORACOM and Peter Grandich represents the next generation of financial communities, in which investors read in-depth leading commentary and then have the ability to interact with both management and investors in a monitored, professional and courteous environment.

Over the past 12 months, the AGORACOM small-cap community has attracted over 1,200,000 investors that have read over 101,000,000 pages of information, while Peter Grandich commentary has been quoted in major financial media such as The Wall Street Journal, Marketwatch, CNN, GlobeInvestor, Financial Post and BNN.

George Tsiolis, Founder of AGORACOM, stated “This is a momentous occasion for two reasons. First, from a personal point of view, I have admired Peter Grandich for several years for both his integrity and his analytical abilities. I’ve never met someone with such an uncanny ability to perfectly call tops and bottoms, only to then go out and publish them despite not always being in the best interests of his clients. His calls on the perilous state of the US stock market and financial industry were well documented long before the public had any hint of the problem – and don’t start me on his crystal ball for the gold market. His value to AGORACOM is immeasurable.”

“Secondly, from a business point of view, you could not find a more complementary combination. Investors need access to consistent and high-quality commentary, as well as, the ability to then collaborate and exchange ideas with other investors and CEO’s. We now have that.”

Peter Grandich, Founder of Grandich Publications stated “Today’s news marks a significant step forward for both Grandich readers and clients. The importance of not just the internet but Web 2.0 capabilities can not be overstated. We live in a world where investors demand both the ability to interact and the option to receive information on their own terms. AGORACOM provides both a blog and monitored forums format that provides the best interaction tools I have ever seen. At the same time, my commentary will now be available for consumption via web postings, e-mail, RSS Feeds and even Twitter. Moreover, through the use of tagging and search engine techniques developed by AGORACOM, my commentary will reach a new audience that I could never have dreamed of ever reaching. Grandich readers and clients should be very happy today.”

Grandich went on to add “On a personal note, I have invested a significant portion of my life, time and energy into my work. George Tsiolis and his team at AGORACOM are the perfect fit for this next step of mine because they put integrity above all else. They have mastered Web 2.0 and ushered in the next phase of communications and investor relations – but they did it by truly caring about their audience and clients first – a rare combination today. As such, I have no doubt that we are going to accomplish great things together for many years to come.”

About AGORACOM – No Profanity, No Spam, No Stock Bashing, No Stock Hyping

AGORACOM (http://www.Agoracom.com) is North America’s only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No rumours, profanity, stock bashing or hyping. Over the past 12 months, AGORACOM has attracted over 1,200,000 that have read over 100,000,000 pages of information.

AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America’s largest online investor relations firm for small-cap companies. We have partnered with the world’s biggest internet companies, including Globe Investor, Yahoo, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. We have served over 250 companies since 1997.

About Peter Grandich

With no formal education or training, Peter Grandich entered Wall Street and within three years was appointed Vice President of Investment Strategy for a leading New York Stock Exchange member firm. A prolific and often-quoted writer, he edited and published four investment newsletters.

Labeled the Wall Street Whiz Kid, Grandich gained national notoriety by being among the very few who not only forecasted the 1987 stock market crash just weeks before it happened, but on the very next day he predicted that within two years the market would reach a new all-time high – which it did. Proving his 1987 forecast was no fluke, Mr. Grandich said in January 2000 that the year 2000 will go down as the year the great mega bull market of the 80s and 90s came to an end.

He appears almost daily in the financial media on TV, radio, the web and in print. Grandich also speaks at major investment conferences worldwide and has been awarded Best Speaker Award eight times. His company, Grandich Publications, also provides a variety of services to publicly-held corporations on a compensation basis.

CONTACT INFORMATION

MEDIA INQUIRIES

Mitchell Fanning
Director of Marketing / Communications
[email protected]

Jo Schloeder
Creative Approach, inc.
Phone 732-751-1004
E-Mail: [email protected]

CORPORATE INQUIRIES

George Tsiolis, LL.B
President
AGORACOM
[email protected]

Gold Supply Tightens With Germans And Swiss Halting Reserve Sales

Posted by AGORACOM at 9:20 AM on Tuesday, September 30th, 2008

Good morning to you all.  On September 17th I discussed the increasingly tight supply of gold that led Bloomberg to run a story about prices running to $950/oz. The story cited decreased production, increased demand and falling Central Bank sales in 2008.

With respect to the latter point, we heard from two Central Banks yesterday.Germany’s Bundesbank will hold on to the vast bulk of its gold reserves in the next 12 months, the central bank said on Monday.

First, Germany’s Bundesbank, the second-largest holder of gold behind the U.S. Federal Reserve, said it would not sell any more gold apart from 6.5 tonnes to the German finance ministry that was already agreed upon.

Second, the Swiss National Bank reported it concluded the sale of 250 tonnes of gold, announced in June 2007, and said it had no plans for any further gold sales.

SNB is now holding 1,040 tonnes and stated it planned no further reduction.

Regards,
George

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