Monday, December 04, 2006

December 2 Show

December 2, Show Highlights:

*Part one kicks off with a review of the markets and this weeks spotlight pick. Bob Chapman reveals his latest price forecasts for gold and silver and we discuss the most likely outcome for precious metal given the current technical picture. Next, we listen to the market headlines, including the Fed. Chairman's latest speech. Ben Bernanke remains concerned over inflation despite two years of Fed rate hikes. Jack Chan and Gary Kaltbaum return to the show with glad tidings for precious metals investors. If you'd like to be added to the Spotlight Pick e-mail list for each weeks ticker symbols and related information, send a message to: goldseekradio@hughes.net

*In the second half, we listen to part one of the made for TV movie, Oil Storm. The documentary was surprisingly accurate in its crude oil predictions last year and may provide clues to future. Next, this weeks featured guest Andre Eggelletion thinks the once mighty housing market is responsible for half of all domestic economic activity. Andre says inflated home prices have lead to excess borrowing against home equity which is now threatening the entire economy, as the housing cycle turns downward. Subsequently, an economic retrenchment is inevitable in 2007, as a result of higher rates and the impending housing bust. Stay tuned for Andre's investment recommendations.

Peter Spina's Gold Resource Corp. Report can be viewed in its entirety here.

Real Audio

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November 25 Show

November 25th, Show Highlights:

* In the first hour, Bob Chapman shares his thoughts on this weeks gold and silver markets. Bob divulges one of his hot stock picks from the pages of his International Forecaster. He explains why gold will climb to $1,500+ and then soar as high as $3,500. Jack Chan and Gary Kaltbaum are enjoying a much deserved Thanksgiving vacation. The first hour wraps up with the Spotlight Pick of the week. If you'd like to be added to the Spotlight Pick email list for each weeks ticker symbols and related information, send a message to: goldseekradio@hughes.net

* A world class stock analyst,Greg McCoach explains in the second hour why the gold and silver bull market has years to run. With over three thousand precious metals stocks to choose from, Greg has narrowed his list to less than one hundred. In fact, of his 64 career picks, 12 have soared 1000%, 41 percent have doubled and he has picked merely three lemons. Greg says the dollar will continue its slide and that gold will reach 4 digits as soon as next year. The housing market is also making him nervous. Home prices are only beginning to unravel and the market will decline an additional 50% before the bubble fully deflates. Greg says not to panic, falling prices is good news for renters as well as families interested in a bargain. He offers advice to house hunting investors.

Peter Spina's Gold Resource Corp. Report can be viewed in its entirety here.

- Mining Speculator:

Greg McCoach-

Greg McCoach, editor, is an entrepreneur, who has successfully started and run several businesses the past 22 years. For the last 7 of these years he has been involved with the precious metals industry as a bullion dealer, investor, and newsletter writer. Mr. McCoach’s years of business experience and extensive personal contacts in the mining industry provide unique insights that have generated an impressive track record for The Mining Speculator since its inception in 2001.


The Mining Speculator is dedicated to helping investors find undervalued mining stocks that have10x or greater potential for profits. We search for these opportunities as protection against the financial uncertainties that currently engulf the US and world markets. As the saying goes, “Great periods of danger and crisis are also periods of great opportunity.” We believe the best opportunities for investors to protect themselves against the coming financial reckoning, exist with the precious metals and mining stocks. In addition to our picks in the mining sector, we seek to provide the most accurate and truthful economic commentary that we can find to help our subscribers discern through the massive amount of disinformation provided by the mainstream media. Our newsletter also features a model portfolio as an overall asset protection strategy, that is the summation of our investing philosophy for the current economic environment.

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November 18 Show

November 18th, Show Highlights:

*Back by popular demand this week, Goldseek Radio's gold stock guru, Peter Spina. Peter has identified what appears to be another great stock for his subscribers. In fact, this pick has soared more than fifty percent since he first announced the opportunity, typical for Peter's gems. But this could be just the opening salvo - he expects the stock to move much higher from these levels. Next up, Bob Chapman distills the market fundamentals down to the basic components. Jack Chan and Gary Kaltbaum are expected to return next week. The first hour wraps up with Goldseek Radios spotlight pick of the week.


*Alternative energy expert, Jeff Siegel joins me in the second hour. Jeff says the true price of domestic gasoline is not reflected at the pump. That government subsidies and military supremacy are hidden costs that consumers ignore when they fill up the tank. When you add up the true costs, gas is approaching seven dollars a gallon in the US. How can investors get on board the alternative energy bull market? Be sure to listen to the second hour as Jeff presents his favorite stock picks in the alternative energy sector.

As featured on this week's show, Peter Spina's Gold Resource
Corp. Report can be viewed in its entirety here.

- Green Chip Stocks:

Jeff Siegel-

Jeff Siegel is the managing editor of Green Chip Stocks, an investment advisory service that focuses on stocks in the renewable energies markets and emerging and lucrative organic and natural foods industry.

An environmentalist and self-professed health nut, Jeff is also a raging capitalist, and believes the dawn of the LOHAS market (lifestyles of health and sustainability) will usher in a new way of life… as well as a new generation of wealth.

Jeff is a new breed of investor. Part entrepreneur, part Renaissance man, Jeff is an accomplished musician and writer, having recorded and performed all over the world - from London to Rome to New York. He was even called upon to score part of the latest Exorcist prequel.

From 1994 to 2001, Jeff worked for Agora Publishing, one of the largest financial newsletter publishers in the world, before packing his bags and traveling across the globe in search of mega-trends and his own version of nirvana.

He found both in the burgeoning renewable energies and organic and natural foods markets.

Jeff's early analyses of these markets drew much criticism from the status-quo. And his youth, environmental stances and abrasive nature didn't earn him many accolades from colleagues either. But after picking winner after winner in the renewable energies and organic foods markets, many have since traded their preconceptions of green markets for profits.

Often declaring, "Capitalism is the only true catalyst for change," Jeff continues to spot the most lucrative renewable energy and organic food companies in the world. And subscribers to his Green Chip Stocks have made small fortunes in the process.

Every week in Green Chip Stocks, Jeff highlights investment opportunities in the fast-growing LOHAS market.

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November 11th, Show Highlights:

November 11th, Show Highlights:

*Bob Chapman returns this week, refreshed from his vacation and ready to tackle the market fundamentals and listeners questions. Bob is expecting gold to surge to $850 and silver to $20. Next, Jack Chan and Gary Kaltbaum review the charts for market clues. Jack's service remains bullish on gold and the commodities market. Gary agrees with jack, noting the recent strength in the oil stock sector and precious metals. The first hour wraps up with a new stock picking segment, Goldseek Radios spotlight pick of the week.

*In the second hour, my featured guest delves into the underpinnings of the commodities bull market. Steven B. Lord has an impressive investing track record. He's currently the Chief Investment Strategist for the Trend Investment Group, an advisory service. When Steve talks about the markets, people listen. That's why its great to know that he's a big fan of the gold, silver and the energy sectors. You won't want to miss Steve's market outlook.




- The Trend Investment Group:

Steven B. Lord

Steven B. Lord is a respected analyst, editor and publisher of investment-related publications. He is founder and Chief Investment Strategist of The Trend Investment Group, which is launching a family of investment advisory services in the next few months.

Lord, a contributing editor to the Taipan Group’s Dynamic Market Alert daily e-letter, brings a wealth of experience, having held leadership positions in both asset management and investment publishing both here and abroad. Most recently, he has served as editor of Leeb Group’s Emerging Investments, dedicated to smaller capitalization and international investments, contributing editor to The Complete Investor, and member of Leeb Capital Management’s Investment Policy Committee.

In addition, Lord was a partner in New York-based L.M. Waterhouse, where he personally advised the founder of discount brokerage giant TD Waterhouse on a broad range of investment-related matters.

Lord joined L.M. Waterhouse from Florida, where he was publisher of the prestigious Dick Davis Publishing Company - one of the oldest and most respected investment newsletter companies in the country. At Dick Davis, Lord introduced internal financial and management controls while also editing, producing and marketing the company’s publications, including the Financial Newsletter Network and the Editor’s Roundtable series of pioneering online investment conferences.

Lord’s extensive international experience comes from a position with Bernecker & Cie GmbH, Düsseldorf, Germany, which he held for seven years following graduation with a business degree from the University of Vermont. Joining Bernecker as an analyst, Lord rose to the rank of Editor – U.S. Markets, and was ultimately responsible for all U.S. market recommendations made by the firm across 17 investment titles in three languages and 50 nations. While there, he also co-founded the first independent discount brokerage operation in Germany and launched Bernecker’s private portfolio advisory service (now called StockGuard).

Lord has served as an expert witness for the U.S. Securities and Exchange Commission and was a syndicated columnist for Knight Ridder Tribune for several years. He has lectured at Harvard Medical School’s Annual Congress on the Psychology of Investing, and his comprehensive knowledge of global equities, economics, derivatives and currencies have made him a sought-after commentator on the markets in national radio, TV and print venues.

- Archives: Steven B. Lord - The Trend Investment Group


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Wednesday, November 08, 2006

GOLDSEEK RADIO, NOV 4: Peter Spina, Chris Mayer, Todd Schoenberger, Mike Johnson

November 4th, Show Highlights:

After a review of the top business headlines, this weeks show starts off with Peter Spina's new radio segment. Peter is a leading gold, silver and uranium stock analyst with an incredible track record. Just how high will silver climb in the next 12 months, Peter will shock and awe you with his forecast. Next up, Michael Johnson from the Liberty Dollar stops by to discuss the alarming government announcement regarding Liberty rounds. With over $20 million worth of Liberty dollars circulating among 100,000 people, the Liberty's success may be its own undoing and it appears to be rattling the supporters of the unsound monetary system. Michael sites GATA's recent response that the government reserves its right to confiscate gold in the interest of the nation during a crisis. Next, Gary Kaltbaum gives his thoughts on the short term market technicals. The first hour wraps up with, Goldseek Radios spotlight pick of the week.

In the second hour, Chris Mayer has identified what appears to be the next golden opportunity. The bull is alive in the black and yellow gold markets. Chris thinks blue gold is the the place to start investing next. Guess how many gallons of water it takes to produce a single automobile? According to his research, thousands of gallons and they all need to be treated first. Chris illustrates how to participate in this booming sector with diversification and safety rolled into one ticker symbol. Next, The Diligent Investor, Todd Schoenberger helps Goldseek Radio listeners improve their stock portfolio performance. Todd says the stars are aligned for a new bull run in the crude oil sector. He offers two related stock picks to profit from the new off shore drilling bill before Congress. Goldseek Radios' intrepid Bob Chapman is expected to return next week.



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- Goldseek.com - Goldforecaster:

Peter Spina

Peter Spina, Goldseek.com - Goldforecaster
Peter Spina shares his technical and fundamental insights into the precious metals markets including the lucrative metal equities with a strong focus on investment opportunities in the junior and exploration sector.

Peter's experience with the precious metal markets started back in the mid-1990s, which led to the creation of GoldSeek.com back in 1995. Today GoldSeek.com ranks in the top three global gold sites and its sister site, SilverSeek.com ranks as the most visited silver website in the world.

Back at the start of the new secular precious metals bull market, Peter established the techically-focused subscription newsletter, Gold Seeker Report, which at the start of 2005 was merged into the more comprehensive Gold Forecaster service.



- Capital and Crisis:

Christopher Mayer

Christopher Mayer is the editor of Capital and Crisis (formerly The Fleet Street Letter) and Mayer's Special Situations. His essays have appeared on a number of Web sites and publications, including, The Mises Institute, the Freeman, The Daily Reckoning, GoldEagle.com, LewRockwell.com, FiendBear.com, PrudentBear.com, Grant's Investor and Individual Investor Magazine. His views on financial matters have also been widely quoted, including in the highly regarded Grant's Interest Rate Observer.

Chris began his career in banking, specifically, corporate lending, after earning an MBA with a concentration in finance. He later started writing Capital & Crisis, a monthly newsletter that gave Chris' unique brand of financial commentary a more regular and expanded format. With an unusual fondness for old books, old investors and old ideas, Chris fits perfectly into the Capital & Crisis mold.

- Diligent Investor:

Todd M. Schoenberger

Todd M. Schoenberger began his career in the financial services industry as a Broker with Merrill Lynch & Co. where he specialized in helping individual investors achieve financial independence. After Merrill, Todd joined Legg Mason Wood Walker as an Institutional Trader where he was responsible for managing over US$140Million of cash for several publicly traded technology companies. After the stock market bubble burst, Todd teamed with an institutional mutual fund company named Rydex Funds where he trained financial professionals on the intricacies of using leveraged mutual funds inside sophisticated market-timing strategies. Todd then helped to create AnnuityNetAdvisor.com, an online variable annuity provider specializing in low-cost, investor-friendly insurance products for financial advisors. After ANA.com, Todd decided to test his knowledge and formed his own no-load variable annuity known as the Genesis Variable Annuity, which is distributed globally to individual investors and financial professionals.

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THE GOLD AND SILVER REVIEW, NOV 5.

THE GOLD AND SILVER REVIEW
Nov 5, 2006
195th Edition
www.radio.goldseek.com
Chris G. Waltzek
_____________________________________
MARKET SUMMARY
*$527 Gold - $12.55 Silver*

















For the fourth consecutive week, the gold bull stampede roared forward, sending the dazed bear back to its den for an early hibernation. As of Friday's close, the yellow metal moved higher for the 9th consecutive session, decisively conquering the psychologically significant $600 resistance level. A continued dollar sell-off was credited with much of this weeks rally. Lower than expected manufacturing and consumer confidence figures worried investors over an economic hard landing, sending the already battered currency to a five week low. Investors, once again chose the safe haven precious metals alternative to equities and dollars.

For the week, gold tacked on $29 to close at $627 while silver gained 55 cents to close at $12.55. Merely one year ago, the yellow metal was trading at $460. Its currently higher by $160 a 35% profit. While silver has climbed from the $7.50 level, rising by $5.00 a 65% return. Precious metals remain very resilient leading top analysts to forecast new highs in the next 12 months.

Moving on, the dollar headed lower this week, on the heals of last weeks Commerce Department report showing a highly negative economic growth picture. Weaker than expected consumer confidence and manufacturing reports inflamed concerns that the path of least resistance for interest rates would shift from neutral to downward. According to media sources, The National Association of Puchasing Managers noted the nations benchmark manufacturing index declined, indicating the slowest growth in recent memory. The news hit the dollar market and equities markets hard - sending a flood of funds into precious metals and bonds. Investors worried that the Federal Reserve would be forced to cut rates next year to support the weakening economic environment. Lower rates decrease the dollars attractiveness as investors seek out higher rates of return and inflation hedges.

In geopolitical news, Iran rejected another UN Security Council order to halt its uranium enrichment program on Friday. Tehran stated that its nuclear plans are inevitable at this point. Iran recently announced it had advanced its enrichment process to the point that full scale nuclear fuel production is viable. In response to Iran's defiance to the UN deadlines, the US, Britain, Germany, France, China and Russia met on Friday to determine the appropriate economic sanctions. The committee agreed upon diplomatic incentives, should Tehran agree to cease its nuclear program. Secretary of State, Condolezza Rice noted: she thinks the Iranians are a threat, and that's why the international community's must be strong in resisting their nuclear ambitions.

In related news, on Thursday, Iran renewed concerns by launching its new long-range ballistic missile during military exercises. The war games were termed: "Great Prophet 2," and are expected to focus on the Persian Gulf and the Sea of Oman. The Iranian Revolutionary Guard launched more than 20 Shahab-3 missiles on Thursday. Shahab-3 have a 1,200 mile ranges and are capable of reaching US military facilities in the region, according to media reports. Western authorities interpreted the missile launch as a threat tactic - an attempt by Tehran to intimidate their resolve.

Interestingly, the US and its allies are defending the world's largest oil terminal in Saudi Arabia amid rumors of a possible al-Qaida threat. 3 U.S. aircraft carriers with supporting fleet ships are located irritatingly close to Iran's coast, leading some analysts to speculate US forces may attempt a preemptive strike on Iran's nuclear facilities in the not so distant future.

In related news, The Organization of Petroleum Exporting Countries continue to hold market watchers captive regarding Opec's Oct. 20 decision to curtail production by 1.2 million barrels per day. In fact, Opec is considering a further cut of 500,000 barrels per day at its upcoming December meeting. However, congress was not pleased with the decisions. A report issued by the Joint Economic Committee noted that Opec's oil limiting policies are the biggest cause of crude oil price volatility - insisting that Opec intended to further exploit the already tightening demand situation. The committee noted that Opec's policies increase fears of supply shortages and thus push crude oil prices artificially higher.

In related news, reports surfaced in Nigeria, Africa's largest crude oil producing nation, concerning the kidnaping of 2 oil workers. According to media reports, an American and a British hostage were captured this week. The news worried investors that the region might become more unstable, effectively igniting the powder keg, leading to supply shortages and higher crude prices. Oil shipments from Nigeria experience a lag time of approximately 1 month before arriving at domestic refineries. For the week, black gold gave back a point closing near $59 per barrel. The market continues to gyrate within its month long downward sloping trading range as investors search for a solid recover point. Top analysts such as Jim Puplava continue to pound the table over crude oil prices in excess of 75 dollars with the next 12 months.

In gold equities news, on Wednesday Newmont Mining Corp. announced a 3rd quarter profit increase of almost 60 percent, well above analyst forecasts. The firm credited soaring gold prices, climbing from the 400 dollar to 600 dollar level. Additionally, lower crude oil costs have likely increased Newmont's profit margins.

In numismatic news, Archaeologists announced a rare find of 1,000 silver coins on the Swedish island of Gotland the largest Island in the Baltic sea and a strategic port in the ancient Viking trade routes. The treasure rested undisturbed for a millennium before 20 year old Edvin Sandborg, and his younger brother Arvid found the treasure while doing yard work last week. The brothers contacted the local museum which dug up the remaining Viking artifacts and are expected to receive a reward for their trouble. So all of our younger listeners, be sure to help with the yard work, who knows, there might be a reward for your trouble.

HERES THE GOLDSEEK, MARKET WEATHERMAN REPORT

In gold equities news, shares of metals and mining companies roared forward completing a month long rally by Friday. As forecast in last weeks update, the XAU saw weakness on Monday but recovered at the 50 period moving average. Gold stocks staged a powerful rally, re-testing the 200 period moving average three times before closing right at the psychologically significant level. THE BOTTOM LINE ON GOLD STOCKS: Although the daily price was halted at the 200 period ma, the weekly close was impressive. Watch the 200 period moving average for a break-out to higher numbers.

Moving on to the precious metals charts: After two months of failed attempts, gold roared past its 200 period moving average, surpassing a critical bottleneck. THIS WEEKS BOTTOM LINE ON PRECIOUS METALS: Now that both gold and silver have cleared the 50 and 200 period moving averages, I expect the surprise to be on the upside. This sector continues to shock investors with its impressive upward momentum. I expect strength early next week as the rally moves forward.

In equities news, a broad based sell-off brought once ebullient investors back to their senses this week. The equities benchmark Dow Jones Industrials closed lower every day this week, breaching the psychologically important 12,000 point. The Dow retreated by 104 points, closing at 11,086. Meanwhile, the S&P 500 gave back 13 to close at 1,364 and the Nasdaq retreated, closing at 2,330 a 20 point loss. THIS WEEKS BOTTOM LINE FOR STOCKS: As forecast in last weeks segment, the markets were due to for a pullback. The Semiconductor index remains weak and closed below its trading range on Friday. I expect stocks to seek out firm support next week and then stage a surprise rally.

And wrapping up this weeks market report, with the Goldseek Radio spotlight pick of the week. This weeks pick is actually not an individual stock but multiple etf suggestions. As regular listeners know by now, the bull market in commodities remains very much alive and we expect it to stay so for many years to come. The big play currently is in the precious metals and energy sectors. We're also watching alternatives to traditional energy companies for a big price break out. Long term positions in the gold, silver and crude oil exchange traded funds are wise at this point. I expect crude oil to return to its peak level within the next year which translates into a potential 50% return. Similarly, Peter Spina is now publicly announcing a $25 forecast for silver in the next 12 months, a possible 100% return. At this time, it appears to be the opportunity of a lifetime. However, it does take an independent mind to ignore the crowd and its group think mentality and instead to go where the best risk to reward exists. The key is to shun margin, and build positions using dollar cost averaging.
Also, its helpful to ignore the ticker tape for weeks, even months at a time. To remain true to one's convictions, its key to listen to the top people like Jim Puplava, Jim Rogers and a handful of others who will help guide us on the path to financial freedom. Hang in there, were all in this market together and that's where I'm putting the pennies from my piggy back too. If you'd like this weeks stock ticker symbols as well as future picks, send over an email to: goldseekradio@hughes.net to be added to our automated mailing list. The list is private and no spam will be sent - members can opt out at any time. The address again: goldseekradio@hughes.net

You won't want to miss the second hour of the program with my featured guests, Chris Mayer and Todd Schoenberger.

To This Weeks Guests and the Trading Wizards Gold & Silver Forecasts, Please Go To:

http://www.radio.goldseek.com

Thanks for reading.

Chris Waltzek
goldseekradio@hughes.net
Please visit my blog and web site for free daily market articles, audio broadcasts and analysis.
Click Here. http://silverinvestor.blogspot.com/
or radio.goldseek.com




The Gold and Silver Review at GoldSeek.com Presents:

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Monday, October 30, 2006

Market Weatherman: October 29, Video Report




The Gold and Silver Review at GoldSeek.com Presents:

THE MARKET WEATHERMAN, Video FORMAT!

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Download The Video, Click Here!


THE GOLD AND SILVER REVIEW, Oct 29, # 194

THE GOLD AND SILVER REVIEW
October 29, 2006
Edition: #194
www.radio.goldseek.com
Chris G. Waltzek
_____________________________________
MARKET SUMMARY
*$598 Gold - $12.00 Silver*



















As the smoke settled on Friday, it was clear the Gold and silver bulls were victorious with precious metals recording a higher close for the third consecutive week. In fact, precious metals have rallied in five of the past six weeks. Slower economic growth and a weak housing sector lead investors to expect future Fed. rate cuts over rate hikes. Lower rates are negative for the dollar and positive for inflation hedges such as crude oil and precious metals.

Meanwhile, the Federal Open Market Committee announced Wednesday, rates would remain unchanged, as expected, for the 3rd consecutive meeting. The news sent the dollar reeling as investors sought the king of currencies which require no central banks support, precious metals and crude oil. Dollar weakness and crude oil strength was the perfect recipe to sustain the uptrend in precious metals. For the week, gold tacked on $4 to close at $598 while silver gained 12 cents to close at $12.00. Only one year ago, the yellow metal was trading at $460. Its currently higher by $138 a 30% gain. While silver has climbed from its $7.50 low point to $12.00 today, by a mind-boggling $4.50 a gain 60%. With very little discussion of the precious metals bull market in the major media outlets, sharp investors continue to use pull-backs as incredible buying opportunities.


The top story affecting precious metals this week was the precipitous dollar decline. Although many leading market pundits, such as Jim Rogers and Jim Sinclair have been sounding the alarm regarding a dollar capitulation, the advice seems to have fallen on deaf ears. Following Wednesdays FOMC announcement, traders sold a flurry of dollars that ended only at the close of Friday's trading session. In only 3 days, the market erased over a months gains. Bears pushed the currency beneath the psychologically significant 50 period moving average. Just 3 weeks earlier, the bulls and bears waged a bitter battle at the 200 period moving average. The bears defended the line, repealing 3 consecutive assaults, dashing the dollar advance.


In related news, The Commerce Department noted 1.6% growth in the third quarter, lower than anticipated. The weaker than expected 3rd quarter figures worried dollar investors that the Fed. might shift its policy to address unemployment and the ailing housing market by lowering rates. Declining interest rates threaten the dollar as investors search for a better return in the Euro and the inflation hedges of gold and crude oil. Only adding to the dollar sell-off, the European Central Bank Head Jean-Claude Trichet stated his heightened inflation concerns, hinting at further rate hikes. Higher European rates diverts funds away from the dollar.


In geopolitics this week, although tensions with North Korea relaxed somewhat, concerns abound. A Chinese envoy met with South Korean officials regarding sanctions against Kim Jong Il's North Korea following the Oct. 9th nuclear test. Leaders are attempting to negotiate terms for trade sanctions against PyongYang. Meanwhile, the US is pushing for Japan to agree to inspect North Korean ships for weapons related cargo. US officials are insisting that any ship leaving North Korea remain open to inspection, regardless of its final destination. Although North Korea has temporarily agreed to halt its nuclear testing, it has not altogether ruled out future tests, leading some to believe the nuclear question remains unanswered, posing a potential threat to Japan and Western allies.


In energy related news, the price of a barell of crude oil plummeted at the open of the trading session on Monday to the lowest point this year, near the $58 level. But black gold rebounded with a vengeance, soaring above the $60 level by Friday's close. A government report added support to the market on Friday indicating a surprise drop in oil and gasoline inventories combined with the highest demand level this year. Furthermore, crude oil clearly received its biggest boost on Wednesday as the FOMC left its benchmark short-term interest rate unchanged at 5.25% which in turn sent the dollar careening to lower levels and crude oil soaring.


HERES THE GOLDSEEK, MARKET WEATHERMAN REPORT


In gold equities news, shares of metals and mining companies continued their three week rally, effectively breaking out from trading range resistance. The XAU rallied into Wednesday, closing above the 50 period moving average for the first time in almost 2 months. By Friday, gold stocks settled into a narrow range. THE BOTTOM LINE ON GOLD STOCKS: Although this weeks rally was impressive, there was some selling pressure on Friday. I expect selling early next week as traders attempt an assualt on the 200 period moving average.


Moving on to the precious metals charts: Gold and silver rallied sharply from Tuesday into the weekend. Gold managed to close above its 50 period moving average, but still remains below the 200 period moving average. THIS WEEKS BOTTOM LINE ON PRECIOUS METALS: The weekly chart reveals a somewhat bullish candlestick, indicating some capitulation on the part of the bears. The battle is now at the 50 and 200 period moving averages as well as the $600 level. A solid close above $608 should end the trading range and lead to the $630 area. On the other hand the silver market remains very strong relative to gold. Silver is holding firmly above its 50 and 200 period moving averages.


And wrapping up this weeks market report, in equities news, the broad based market rally continued to record levels. The equities benchmark Dow Jones Industrials closed well above the 12,000 point. The Dow added another 88 points, closing at 12,090. Meanwhile, the S&P 500 continues its ascent to close at 1,377 up 9 and the Nasdaq regained its upward bias, closing at 2,350 a gain of 8 points. THIS WEEKS BOTTOM LINE FOR STOCKS: Market momentum couldn't be stronger. However, Friday's close was one of the sharpest sell-offs in recent memory and the semiconductors have reentered a bearish trading range. I expect the markets to consolidate recent gains next week.




To This Weeks Guests and the Trading Wizards Gold & Silver Forecasts, Please Go To:


http://www.radio.goldseek.com


Thanks for reading.


Chris Waltzek
goldseekradio@hughes.net
Please visit my blog and web site for free daily market articles, audio broadcasts and analysis.
Click Here. http://silverinvestor.blogspot.com/
or radio.goldseek.com

GOLDSEEK RADIO: Bill Murphy, Justice Litle & Chris Waltzek

October 28th, Show Highlights:

After a review of this weeks business headlines, Bob Chapman and I take a few listeners questions in the first hour. Bob thinks the gold and silver markets have seen their lows. Next, Jack Chan discusses his short term buy on the precious metals and energy sectors. He thinks its too late to buy tech shares at these levels. Plus, Gary Kaltbaum is impressed with the stock market rally and says investors should stay with the trend until the market loses momentum. The first hour wraps up with a new stock picking segment, the Goldseek Radio spotlight pick of the week. This weeks spotlight focuses on the primary bull market trends in the energy sector.

In the second hour, Justice Litle takes time away from the Texas No Limits Hold'em table in Reno, to share his thoughts on crude oil and precious metals. Justice is "all in" with the energy sector, expecting to double up from this point. In fact, he thinks oil will climb into the triple digits as soon as next year. He's holding two aces and just flopped another, but we'll have to wait for the river card... Next, Gata's Bill Murphy stops by with his update on the gold and silver markets. He thinks the current pullback is the result of market manipulation which in turn is creating a buying opportunity for investors. If you are an accredited investor, you'll want to direct your browser to: commentary.goldseek.com for a new ipo opportunity brought to you by Peter Spina. The minimum investment is 10k and the company currently plans to go public at 40 cents per share.


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- GATA & LeMetropole Cafe:

Bill Murphy

Bill Murphy, GATA Chairman
Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.

- Outstanding Investments:

Justice Litle



Justice Litle, an editor of Outstanding Investments, has a unique background that has served him well in the markets. In college, Justice studied literature and philosophy in places as diverse as Oxford University (Oxford, England), Pulacki University (Olomouc, Czech Republic) and Macquarie University (Sydney, Australia). Originally pursuing a PhD and a life in academia, his career path changed forever after discovering “The Investment Biker,” Jim Rogers’ chronicle of macro investing by way of motorcycle.

Justice Litle has implemented sophisticated trading and hedging strategies for clients on a global scale – a broad cross section including soybean farmers, cattle ranchers, currency hedgers, energy consultants, scrap metal dealers and everything in between. He has worked with hedge funds, traded equities for a private partnership, written multiple articles for Futures Magazine, been quoted in the Wall Street Journal, sought for market commentary by the likes of Reuters and Dow Jones, and made contributions to the book “Trend Following: How Traders Make Millions in Up or Down Markets” (Mike Covel, FT Prentice Hall 2004).

Mr. Litle’s personal interests include philosophy, travel, and chess. He has also been known to hike glaciers, scuba dive with sharks, and jump out of perfectly good airplanes, though only on occasion.

- Archives: Bill Murphy - GATA & Justice Litle - Outstanding Investments

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Archived Shows:

Dr. Marc Faber & Bob Chapman - October 21st, 2006

Peter Eliades & Bob Chapman - October 14th, 2006

Brian Pretti, The Contrary Investor & Bob Chapman - October 7th, 2006

Richard Daughty THE MOGAMBO GURU & Bob Chapman - September 30th, 2006

Jim Rogers, Arch Crawford, Jim Letourneau & Bob Chapman - September 24th, 2006

Bob Chapman, Jonathan Honig, Gary Kaltbaum, Jack Chan & Peter Grandich - September 16th, 2006

Joe Granville, Kal Gronvall, Bob Chapman, Gary Kaltbaum & Jack Chan - September 9th, 2006

Jay Taylor, Chris Mayer, Bob Chapman, Gary Kaltbaum & Jack Chan - September 2nd, 2006

Arch Crawford, Bob Chapman, Gary Kaltbaum & Jack Chan - August 26, 2006

Peter Schiff, Justice Litle, Jack Chan, Bob Chapman & Gary Kaltbaum - August 19, 2006

John Loeffler, Gary Kaltbaum & Bob Chapman - August 12, 2006

Chris Powell, Karl Gronvall, Gary Kaltbaum & Bob Chapman - August 5, 2006

Dr. Leeb, David Bond, Bob Chapman, Jack Chan & Gary Kaltbaum - July 28, 2006

Paul Van Eeden, Bob Chapman plus more - July 22, 2006

Tim Wood, Bob Chapman plus more - July 15, 2006

Doug Casey & The Gold Wizards - July 8, 2006

Pamela Aden, David Garofalo & The Gold Wizards - July 1, 2006

James Turk, Bob Moriarty & The Gold Wizards - June 24, 2006

The Mogambo Guru, Dr. Roger Tutterow & George-Whitehurst-Berry - June 17, 2006

G. Edward Griffin, Kal Gronvall, Gary Kaltbaum, Bob Chapman and Jack Chan - June 10, 2006

Richard Russell, Ron Brown & Trading Wizards - June 03, 2006

Jason Hommel, Gary Stroik, Bob Chapman, Gary Kaltbaum & Jack Chan - May 27, 2006

Tom Udall, Gary Stroik, Bob Chapman, Gary Kaltbaum & Jack Chan - May 20, 2006

Bill Murphy & Michael Covel - May 13, 2006

Jim Sinclair - May 06, 2006

Richard Daughty, The Mogambo Guru - April 28, 2006

Catherine Austin Fitts - April 22, 2006

Mark Leibovit - April 15, 2006

Addison Wiggin - April 8, 2006

Dr. Ron Paul - April 1, 2006

Bob Chapman - March 25, 2006

Dr. Marc Faber - March 18, 2006

John Rubino & David Coffin - March 11, 2006

Julian Phillips & Gary Kaltbaum - March 4, 2006

Steve Forbes & Dr. Van K. Tharp - February 25, 2006

Bob Chapman & Jack Chan - February 18, 2006

Jim Willie, Roland Watson & David Morgan - February 11, 2006

David Morgan

Jim Rogers

James Turk

Dr. Marc Faber

Bill Murphy

© 2006 radio.goldseek.com, Gold Seek LLC

Archived Shows:

Dr. Marc Faber & Bob Chapman - October 21st, 2006
Peter Eliades & Bob Chapman - October 14th, 2006
Brian Pretti, The Contrary Investor & Bob Chapman - October 7th, 2006
Richard Daughty THE MOGAMBO GURU & Bob Chapman - September 30th, 2006
Jim Rogers, Arch Crawford, Jim Letourneau & Bob Chapman - September 24th, 2006
Bob Chapman, Jonathan Honig, Gary Kaltbaum, Jack Chan & Peter Grandich - September 16th, 2006
Joe Granville, Kal Gronvall, Bob Chapman, Gary Kaltbaum & Jack Chan - September 9th, 2006
Jay Taylor, Chris Mayer, Bob Chapman, Gary Kaltbaum & Jack Chan - September 2nd, 2006
Arch Crawford, Bob Chapman, Gary Kaltbaum & Jack Chan - August 26, 2006
Peter Schiff, Justice Litle, Jack Chan, Bob Chapman & Gary Kaltbaum - August 19, 2006
John Loeffler, Gary Kaltbaum & Bob Chapman - August 12, 2006
Chris Powell, Karl Gronvall, Gary Kaltbaum & Bob Chapman - August 5, 2006
Dr. Leeb, David Bond, Bob Chapman, Jack Chan & Gary Kaltbaum - July 28, 2006
Paul Van Eeden, Bob Chapman plus more - July 22, 2006
Tim Wood, Bob Chapman plus more - July 15, 2006
Doug Casey & The Gold Wizards - July 8, 2006
Pamela Aden, David Garofalo & The Gold Wizards - July 1, 2006
James Turk, Bob Moriarty & The Gold Wizards - June 24, 2006
The Mogambo Guru, Dr. Roger Tutterow & George-Whitehurst-Berry - June 17, 2006
G. Edward Griffin, Kal Gronvall, Gary Kaltbaum, Bob Chapman and Jack Chan - June 10, 2006
Richard Russell, Ron Brown & Trading Wizards - June 03, 2006
Jason Hommel, Gary Stroik, Bob Chapman, Gary Kaltbaum & Jack Chan - May 27, 2006
Tom Udall, Gary Stroik, Bob Chapman, Gary Kaltbaum & Jack Chan - May 20, 2006
Bill Murphy & Michael Covel - May 13, 2006
Jim Sinclair - May 06, 2006
Richard Daughty, The Mogambo Guru - April 28, 2006
Catherine Austin Fitts - April 22, 2006
Mark Leibovit - April 15, 2006
Addison Wiggin - April 8, 2006
Dr. Ron Paul - April 1, 2006
Bob Chapman - March 25, 2006
Dr. Marc Faber - March 18, 2006
John Rubino & David Coffin - March 11, 2006
Julian Phillips & Gary Kaltbaum - March 4, 2006
Steve Forbes & Dr. Van K. Tharp - February 25, 2006
Bob Chapman & Jack Chan - February 18, 2006
Jim Willie, Roland Watson & David Morgan - February 11, 2006
David Morgan
Jim Rogers
James Turk
Dr. Marc Faber
Bill Murphy


© 2006 radio.goldseek.com, Gold Seek LLC

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