A more aggressive devaluation of paper currencies is on the horizon thus the whole PM Complex is completely underpriced. Averaging in from this point on seems warranted. Below is a full explanation as to why that is the case.

Unsustainable trends can survive much longer than most people anticipate, but they do end when their “time is up” – at the culmination of their time cycles...In an effort to bring clarity in how and when these trends could change direction we analyzed more than 20 different cycles. They almost unanimously point to tectonic shifts in the months and years ahead … starting now. We have been warned. At this point, we have enough confirmation to accept that the gold and silver crash – starting in April of 2013 – was the first shot across the board of what is to come. Read on!

In celebration of Canada's 146th birthday on July 1st we take a look at some of Canada's extraordinary - and rather costly - coins.

Not one Precious Metals guru has gotten anything right in the last 18 months. All have been calling for considerably higher prices. Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Crystal balls do not work and never have. When it comes to markets, anything can happen [but the charts convey that] there is no apparent ending action suggesting a selling climax or even a cause for a reaction rally. Take a look.

Nearly all markets except the dollar reacted rather badly to Ben Bernanke's news conference – even though it actually contained no news - Treasury yields soared, stocks were whacked, and so was gold. While the charts certainly don't look good in the short term, though, it should be pointed out though that investors with a longer time horizon probably won't make a big mistake by buying on weakness. That being said, however, in the short term all the tentative evidence that a bottoming process may be under way has by now been eradicated. Below are a number of charts illustrating the situation.

People ask me all the time where the price of gold is headed. I do not pretend to know, especially in the short-term. However, I understand the fundamentals and Roubini clearly doesn't, nor does he have a clue about money or what causes economic growth...In fact, having just read Nouriel Roubini's seven point analysis on the Bursting of the Gold Bubble, I am of the opinion that he doesn't get even one of the seven points correct. In this article I offer a point-by-point rebuttal.

It wasn't so long ago that irrational exuberance over the housing market had seized investors' logic, and the same thing is happening to US stocks right now. Fair-weather investors are abandoning gold equities and jumping into the US market in the hopes of making an easy buck, just as people bought property near the housing peak hoping to flip it before those adjustable-rate mortgages reset... My advice: don't gamble your savings on the hope that there will be a greater fool who will come along and buy your inflated assets at even higher prices.

The Pebble Mine Project is a world-class copper, molybdenum and gold deposit in Alaska with the potential to employ over 16,000 in high-paying jobs across a wide range of industries for 30+ years boosting the state ecomomy and generating significant tax revenues in the process.

I wrote several years ago that Japan is a bug in search of a windshield and in January I wrote that 2013 is the Year of the Windshield. Japan is a country that is on the brink of fiscal and economic disaster

What would happen to the market/spot price of gold if central banks around the world diverted their foreign currency reserves – almost $11 trillion's worth – into gold. Using James Turk's Gold Money Index the "fair" gold price would be $10,783/ozt.