Gold World News Flash |
- MUST WATCH: The Curious Case For $936 Ounce Silver.
- They are printing too much money
- How to Profit When Big Oil Bets on Natural Gas
- Hourly Action In Gold From Trader Dan
- Gold and Oil Traders Focus on European Bond Auctions, FOMC Rate Decision
- Frank Holmes: Good-Fortune Forces in Alignment
- The $6.6 Trillion Retirement Hole
- Gold Continues Trend
- Gold: The Anti-Bubble... Is the Tea Party a Modern-Day Renaissance?
- Gold Is On The Move
- We Don?t Have Honest Money
- LGMR: Gold Demand Swells at Record-High Prices
- On The Road To Kigosi
- The “Mother” of All Gold Bull Markets Has “Tokyo Rose” Level in Sight
- Crude Oil Struggles to Bounce after 4-Day Slide, Gold Approaches $1300
- In The News Today
- $2,500 Gold Could Easily Result in $178.50 Silver – Here's Why!
- CPI: Not a True Index of Inflation
- Money Credit And Recovery
- Devaluing the Dollar
- Good-Fortune Forces in Alignment
- Gold Demand Swells at Record-High Prices as USD-Price Reverts to Moving with Euro
- Gold Seeker Closing Report: Gold and Silver End Mixed
- Gold Is Not Going Up: The Dollar Is Collapsing
- Must Read: Death To The Uber And Hyper Twins: Mother Nature’s Humble Cures
- Jason Hommel ripped off for $540,000?
- Jim Rickards- Gold Standard is Plan B and Revalue Gold at $5000+ (Dollar is Collapsing)
- Long-Term Investing: Gold Versus Stocks
- $2,500 Gold Could Easily Result in $178.50 Silver – Here’s Why!
| MUST WATCH: The Curious Case For $936 Ounce Silver. Posted: 20 Sep 2010 08:27 PM PDT Silver at $936 per ounce? Believe it. GATA's Adrian Douglas makes the case for bullion bank metals price supression, and for the TRUE value of one ounce of gold.
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| They are printing too much money Posted: 20 Sep 2010 08:09 PM PDT FGMR - Free Gold Money Report September 20, 2010 – There is too much money being printed. No rocket science is needed to reach that conclusion. The markets are giving us a clear message. For example, gold is trading at a record high, while silver has reached a 30-year high. Those new high prices are happening for a reason. The precious metals are sensitive to changes in inflation, both actual as well as future expectations. Rising precious metal prices tell us that there is a lot of inflation in the pipeline, but they are not alone in giving us this message. More generally, look at the trend in commodity prices over the past few months in the following chart of the CRB Continuing Commodity Index, which is based on the price of 19 different commodities. On June 4th the CRB Index closed at 450.24. Here we are just 3-1/2 months later, and the CRB Index closed Friday at 530.24, up 17.7%. That is a HUGE jump in prices in such a short period of time. To...
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| How to Profit When Big Oil Bets on Natural Gas Posted: 20 Sep 2010 08:09 PM PDT Royal Dutch Shell said that by 2012 it expects more than half of its output will be natural gas — not oil. That is as if Starbucks said it expects to sell more tea than coffee. Yet this is not unusual for Big Oil these days. In fact, most are making big bets on natural gas. Exxon Mobil completed eight projects last year. Seven of them were for natural gas projects — not oil. Of the three scheduled this year, two of them are gas. ConocoPhillips paid $5 billion for Origen, an Australian gas company. Meanwhile, Chevron hammers away at its mammoth liquefied natural gas plant off the coast of Australia, at a total cost of more than $40 billion. (Liquefied natural gas, or LNG, is easier to transport.) Most of the oil giants are also slamming billion-dollar fistfuls to pick up shale gas acreage in places such as the Marcellus in Appalachia. This shift creates new opportunities for investors. But before we get to those, let's try to understand what's happening. There are several thin...
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| Hourly Action In Gold From Trader Dan Posted: 20 Sep 2010 08:09 PM PDT View the original post at jsmineset.com... September 20, 2010 11:04 AM Dear CIGAs, Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini ...
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| Gold and Oil Traders Focus on European Bond Auctions, FOMC Rate Decision Posted: 20 Sep 2010 08:09 PM PDT courtesy of DailyFX.com September 20, 2010 04:08 PM Speculative interests were mixed Monday; but a strong advance in sentiment seen in equities would echo through the energy markets. Yet, today’s price action may lead to nothing given the weight of tomorrow’s event risk. North American Commodity Update Commodities - Energy Risk Appetite Encourages the First Rally for Oil in a Week but Coming Event Risk Marks a New Day Crude Oil (LS Nymex) - $73.66 // -$0.91 // -1.22% An upswing amongst the speculative crowd would find a buyer friendly market in US crude. Having sold off for four consecutive days into this past weekend, the commodity was primed for a correction with a wave of buy orders. Yet, the stability of this advance is highly dubious. On the one hand, we have little solid technical guidance on which to establish a clear bearing for a new trend. Perhaps more important for developing momentum at this stage, however, is the influence that investor capital ...
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| Frank Holmes: Good-Fortune Forces in Alignment Posted: 20 Sep 2010 08:09 PM PDT Source: Karen Roche of The Gold Report 09/20/2010 A few months ago, U.S. Global Investors' CEO and Chief Investment Officer Frank Holmes told The Gold Report readers to watch the horizon for a confluence of three forces creating the "perfect storm where gold takes off." Those forces are now in alignment, that perfect storm is raging and gold is on the move. In another exclusive interview, Frank updates us on the metal's march, its implications for gold equities, his enthusiasm for doing business in Colombia and his thoughts about the upcoming midterm U.S. elections. The Gold Report: Gold has been trading around $1,250 since the beginning of the month. You've always stated that historically the gold price increases in September. How much higher can it go based solely on traditional seasonal trends? Frank Holmes: You're basically dealing with probabilities. The only certainties are that we're going to pay taxes and we're going to die; after that it's probabilities. At ...
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| The $6.6 Trillion Retirement Hole Posted: 20 Sep 2010 08:09 PM PDT The 5 min. Forecast September 20, 2010 12:45 PM by Addison Wiggin [LIST] [*] Americans’ $6.6 trillion retirement hole… and two new scary charts [*] Where’s my COLA? How Social Security’s new deal just got rawer [*] Yen intervention aftermath: Our currency trader calls the next move [*] Ultimate solution to the global recession: A new design and spiffy new colors for its reserve currency! [*] Fed up with rising taxes. Sure, but enough to make you move overseas? [/LIST] We begin a new week with this cheerful thought: Americans are only $6.6 trillion shy of the savings they need for retirement. That’s the optimistic figure arrived at by Boston College’s Center for Retirement Research, published this morning. To get there, the researchers made an interesting set of assumptions: All retirees will take out a reverse mortgage... And put all their retirement savings into an inflation-protected annuity. They also assumed none of them would n...
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| Posted: 20 Sep 2010 08:09 PM PDT courtesy of DailyFX.com September 20, 2010 07:11 AM Daily Bars Prepared by Jamie Saettele Gold has traded to a new high, which negates the bearish implications and sets sights on round figures such as 1300, 1400, 1500, etc. Last week’s breakdown was of the false variety. Watch channel resistance going forward. The line is at 1298 today and increases about $3 a day. A key reversal today above the top keltner channel would warn of at least a pullback next week. Initial support is 1265....
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| Gold: The Anti-Bubble... Is the Tea Party a Modern-Day Renaissance? Posted: 20 Sep 2010 08:09 PM PDT Gold: The Anti-Bubble Monday, September 20, 2010 – by Staff Report George Soros Gold Defies George Soros Bubble Talk ... A bubble Soros loves ... By the start of New York dealing on Friday, the gold price in dollars stood 2.4% higher for the week and nearly 29% higher from this time last year. Like George Soros (left) said again this week, it's got to be a bubble, no? Even if he is playing it with $645 million in the SPDR Gold Trust (GLD), gold is the "ultimate bubble", right? Well, not just yet. "Unambiguously...gold price developments do not resemble the statistical characteristics of past bubbles, including those of the U.S. housing market, the NASDAQ technology bubble, and the Japanese Nikkei equity market bubble," says a new research paper from the predictably bullish research and advocacy group representing gold miners, the World Gold Council. But wait, they make a convincing argument. – Forbes Dominant Social Theme: Progress shall b...
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| Posted: 20 Sep 2010 08:09 PM PDT [COLOR=#333333]by Mary Anne & Pamela Aden Gold is looking good. Since its summer low of $1160 in late June, it has surged to $1275. That's a nearly 10% gain in less than two months, and even though gold has again broken its all-time record high, it's poised to move still higher. What's Driving the Gold Price Up? There are several key factors coming together at the same time and all of them are bullish for gold. But if we had to boil it down, the bottom line is uncertainty. This makes investors nervous, which has always been good for gold. But is this response rational? We think so. Gold is the ultimate safe haven and as the economy stumbles, demand for gold has grown. That's been the case for almost a decade. In the second quarter of 2010, for instance, the economic indicators were down and gold demand was up 36%. Investors are concerned. Not only did the economy falter this month, but the stock market declined as well. This has fueled uncertainty about the go...
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| Posted: 20 Sep 2010 08:09 PM PDT View the original post at jsmineset.com... September 19, 2010 11:10 PM (Courtesy of Greg Hunter of www.USAWatchdog.com) Dear CIGAs, My nephew, Luke, called me the other day vexing over the materials used in our coins. He is a finance major in grad school and was researching money when he discovered that pennies were 97.5 percent zinc and nickels were mostly copper with only a nickel coating. He told me he was going to start saving every pre-1982 penny he got because, after that, the mint stopped using 95% copper in the coin. Luke told me the copper in a pre-1982 penny was worth more than two cents. I told him, "Pretty soon the mint will have to punch coins out of plastic if the price of metal keeps going up." Then I asked, "Do you know why prices are going up?" Luke said, "Yes, it's because the Federal Reserve and its monetary policies." I was shocked and proud all at the same time! It looks like he's actually learning something...
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| LGMR: Gold Demand Swells at Record-High Prices Posted: 20 Sep 2010 08:09 PM PDT London Gold Market Report from Adrian Ash BullionVault 08:50 ET, Mon 20 Sept. Gold Demand Swells at Record-High Prices as USD-Price Reverts to Moving with Euro THE PRICE OF GOLD in US Dollars edged up to fresh record highs above $1283 at the start of London trading on Monday, while silver re-visited last week's 30-year highs above $21 per ounce. World stock markets also rose sharply, as US crude oil futures recovered to $73 per barrel.Major government bonds slipped, nudging yields higher, but Irish and Portuguese spreads over German Bund yields rose to fresh post-Euro highs."Friday's disappointing US data flow gave the gold bulls another reason to buy," notes Leon Westgate at South Africa's Standard Bank today. "A weaker Dollar has added to gold's upward momentum this morning."Trading around €31,500 per kilo for Euro investors today, gold stood unchanged from mid-August, despite the 3.5% rise in Dollar prices. Priced against the US currency, in fact, gold ende...
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| Posted: 20 Sep 2010 08:09 PM PDT View the original post at jsmineset.com... September 19, 2010 11:19 PM My Dear Extended Family, The sun has just risen over the magnificence of Lake Victoria. On one hand you can feel the excitement of the adventurers Burton and Speke as they first viewed this vast body of water on their march to declare it as the headwaters of the Nile. You might think of the hallmark movie, "The African Queen," as Bogart finally leaves the mango forest and wetlands to embark on Lake Victoria in search of the one German warship plying these waters in the early 1900s. I, like Burton, am taken with the sincerity and friendliness of Tanzania, then Tanganyika people. I see the deep spirituality resident here, but almost destroyed by the missionaries. It was so for Burton then and is for those that care to see it now. As the sun rises the multi-million dollar estates that dot the mountain ridges around Ryan's Bay stand in stark confirmation of the economic explosion that has and is occurring here in M...
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| The “Mother” of All Gold Bull Markets Has “Tokyo Rose” Level in Sight Posted: 20 Sep 2010 08:09 PM PDT The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio! September 20, 2010 04:13 AM I’ve called gold in the “Mother” of all bull markets. I think that not only describes my feelings but is in direct opposite of the gold perma-bears, bubble blowers, weak knee bulls and the media that continually provides them a* forum to be wrong and go unanswered why they can’t even beat a “broken clock” performance (but GATA, who nobody in the world I know of has been more right on the direction of gold for this past decade, is denied a chance to be heard and/or called kooks by the very same media). Okay, lets call a spade a spade. The very small minority of us super bulls are at war with forces who seemingly have us out-man and out-gun (Remember our theme song). So as we approach and surpass $1,300 an ounce, we shall make a $1 donation to the “Tokyo Rose” of the gol...
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| Crude Oil Struggles to Bounce after 4-Day Slide, Gold Approaches $1300 Posted: 20 Sep 2010 08:09 PM PDT courtesy of DailyFX.com September 19, 2010 10:51 PM Crude oil has been a laggard in recent weeks relative to the rest of the financial markets, there is no question about it. This week will likely bring more of the same underperformance, with a sharp drop in oil inventory levels the only plausible catalyst to break the commodity out of this funk. Commodities – Energy Crude Oil Struggles to Bounce after 4-Day Slide Crude Oil (WTI) - $73.80 // $0.14 // 0.19% Commentary: Crude oil is slightly higher in overnight trade after falling four days in a row last week. Now that the Enbridge pipeline leak premium is out of the market, oil is forced to focus on the bearish underlying fundamentals of multi-decade high inventory levels and 5+ million barrels per day of spare capacity in OPEC. On the other hand, robust demand from emerging markets should keep prices supported, for eventually, the oversupply should be absorbed by said demand, though it will take awhile. Thus, we are ma...
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| Posted: 20 Sep 2010 08:09 PM PDT View the original post at jsmineset.com... September 19, 2010 12:48 PM Jim Sinclair’s Commentary Not bad for a week, however they are a few years late in getting a good price. Central Banks Cut Holdings of U.S. Agency Debt by 7% This Week September 17, 2010, 3:24 PM EDT By Jody Shenn Sept. 17 (Bloomberg) — Central banks outside the U.S. are among investors that cut holdings of debt from government- related companies including Fannie Mae and their mortgage bonds by $57 billion in a week, according to Federal Reserve data. Concern the U.S. government may hurt mortgage bondholders by acting to boost home refinancing partly prompted official foreign investors to reduce their holdings to $752.5 billion on Sept. 15, Nomura Holdings Inc. analysts said. The portfolios reached a weekly average of $831 billion in early August and have fallen below the $769 billion recorded at the end of 2009, according to data compiled by Bloomberg. Most of this week's plung...
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| $2,500 Gold Could Easily Result in $178.50 Silver – Here's Why! Posted: 20 Sep 2010 08:05 PM PDT More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (55) think a price of $5,000 or more -even as high as $15,000 - is actually more likely! As such, just imagine what is in store for silver given its historical price relationship with gold! Words: 1283
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| CPI: Not a True Index of Inflation Posted: 20 Sep 2010 07:46 PM PDT Thomas Noon submits: CPI was an index worth watching before the 1974 return to open gold trading under Gerald Ford and for some time thereafter. But it was then "modified" several times to "properly reflect" true inflationary trends. These modifications -- oddly -- always resulted in LOWERING the reported rate of inflation. There are massive entitlement programs that use the reported CPI as their mandated benefit-adjustment tool - so it saves billions for the U.S.Gov't if the CPI is only 0.1% lower. Enough said. Strange how things have changed. Now CPI is being reported at 1%+/- YOY and is dangerously close to falling into negative territory. The fear by the Fed now is that - by using current CPI as a measure - the reports will show deflation. Perhaps the CPI will now be modified again to return to earlier methodologies and show that inflation is truly the case - not deflation. Complete Story »
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| Posted: 20 Sep 2010 06:12 PM PDT
From The Daily Capitalist On Monday the NBER reported officially that our Recession began in December, 2007 and ended in June, 2009. While that is nice to hear, in my opinion, when you get down on the ground where most of us are, it doesn't feel as if it has ended. There have been a number of positive indicators that led the NBER to their conclusion, mainly the GDP numbers and components related to industrial output, exports, and flattening unemployment. I don't think these things are indicative of the overall health of the economy and weakening numbers show that. Here are the things that tell us there are still considerable headwinds to a full recovery. Industrial production is now falling off, retail sales are weak, business inventories are increasing, credit is shrinking, and so is money supply. Let's start with the basics, which is money. Here is the chart of money supply that I follow (True [Austrian] Money Supply, TMS):
As you can see, TMS1 and TMS2 have been declining substantially this year, and only recently seem to be expanding. According to Michael Pollaro who puts out these charts:
I should point out that Pollaro is rather negative about the future. But the point is that he shows that base money has been expanding and that can only be a result of quantitative easing (QE), which, as I have indicated, is the Fed's new mantra to rescue the economy from its current decline. The Fed's Flow of Funds report came out last Friday and showed that credit is still contracting.
If we were in a recovery, one would think that credit, especially consumer credit, would start expanding, but it isn't. That gets us back to the consumer. There is no question that the employment situation has been improving, but job growth is centered around health care, construction, and professional temp workers. These gains are not indicative of healthy private employment growth in my opinion. Health care is now being driven by Obamacare and Medicare, construction is driven by Recovery Act spending since new private development has fallen off a cliff, and temp workers show that businesses are still reluctant to hire. The important fact is that jobs are still being lost; it is just that losses aren't growing as fast as they were during the initial phase of the recession. We need somewhere around 200,000 to 300,000 jobs created per month to start growing again. Recent claims of income gains are nonexistent, as David Stockman pointed out in his article "Income & Spending Report Generates Illusion of Gains," according to his broader measure of income that includes "private incomes." This shows up in measures of retail sales:
Recent sales gains, according to Redbook and ISCS-Goldman reports, have been driven by retail promotions and sales and Back-to-school shopping. Consumers are buying when they have to and sales follows promotions. This makes sense when you look at the savings rate which has declined recently, showing that shopping dollars are coming from savings rather than from increasing wages:
The result of slow retail sales ultimately impacts manufacturers and this is reflected in rising business inventories, indicating that demand for product by wholesalers and retailers is falling:
A slowing down of consumer spending has led to a decline in industrial production:
Some of this decline in production has been caused by fluctuations in the dollar, as multinational exporters are alternately benefited and them harmed by declining and rising dollar rates versus other currencies. But a look at the New York and Philadelphia Fed reports on their local economies, shows that their organic growth doesn't look good.
When you hear our President claim that the Recession is over, or some economist says that we are on the path to growth, the numbers just don't bear them out.
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| Posted: 20 Sep 2010 06:07 PM PDT There is regularly talk about the Fed (or Treasury) devaluing the US dollar, but how do you devalue something that doesn't have a fixed measurement? Specifically, what would the Fed/Treasury devalue the dollar against and how would they go about it?
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| Good-Fortune Forces in Alignment Posted: 20 Sep 2010 06:05 PM PDT A few months ago, U.S. Global Investors' CEO and CIO Frank Holmes told The Gold Report readers to watch the horizon for a confluence of three forces creating the "perfect storm where gold takes off." Those forces are now in alignment, that perfect storm is raging and gold is on the move.
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| Gold Demand Swells at Record-High Prices as USD-Price Reverts to Moving with Euro Posted: 20 Sep 2010 05:29 PM PDT
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| Gold Seeker Closing Report: Gold and Silver End Mixed Posted: 20 Sep 2010 04:00 PM PDT Gold climbed to as high as $1283.05 in Asia before it fell back near unchanged in early New York trade and then jumped to a new session high of $1283.45 by late morning ahead of a dip back to $1277.00 in early afternoon trade, but it then rallied back higher into the close and ended at a new record closing high with a gain of 0.27%. Silver rose to as high as $20.97 in Asia and fell to as low as $12.67 in early afternoon New York trade before it rallied back higher into the close, but it still ended with a loss of 0.1%.
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| Gold Is Not Going Up: The Dollar Is Collapsing Posted: 20 Sep 2010 01:51 PM PDT | ||||
| Must Read: Death To The Uber And Hyper Twins: Mother Nature’s Humble Cures Posted: 20 Sep 2010 01:48 PM PDT
This is probably one of the most critical charts you will ever see. In several years, when the dollar's reserve status is but a memory, some will look back and say it could have been avoided. But as the "You Are Here" arrow is just to the left of the tipping point, it may very well be too late as is.
Complete must read observations from guest poster JM: Death to the Uber and Hyper Twins: Mother Nature’s Humble Cures (pdf)
This posting includes an audio/video/photo media file: Download Now | ||||
| Jason Hommel ripped off for $540,000? Posted: 20 Sep 2010 01:39 PM PDT (I'm Infuriated!) Silver Stock Report by Jason Hommel, September 20th, 2010 I sent the following report to KCRA Channel 3 News at newstips@kcra.com Today, I, Jason Hommel, tried to do a citizen's arrest of three armed men who run the Rocklin Coin Shop, because they have stolen about $540,000 from me in multiple ways, including embezzlement, false pretenses, and larceny, all criminal offenses. Larceny is a criminal offense because it applies when they moved precious metal out of the shop, to where it cannot be recovered even if I won a civil judgment against them. It carries a 2 year jail sentence for amounts over $200,000. At 9:25 AM, I arrived at the Rocklin Police Department as a courtesy notice, to inform them of my intentions. O'Bryan responded at 9:50 to begin going over my complaint. He at first acted like a defense attorney, and told me 6 times that this looked like a civil complaint. I continually asked him why he thought criminal charges (that carry jail time) would be a civil action, and he could not tell me, other than it was his opinion, since he took "business law" or got an MBA in college. I left when he continued to act adversarially, and when I got a cell phone call from my wife that someone from Rocklin was loading bags into a van. I left to prevent continued larceny theft of my wealth, as the Rocklin Coin Shop is 1 minute away from the Police Station. I followed a white van from the Shop, around the intersection, and back into the shop, where I padlocked the door, locking my detainees inside. Patrol Sergeant Thomas Dwyer arrived first on the scene, just minutes after I had padlocked the door to detain the three men, so that I could then arrest them. Instead, Sergeant Dwyer detained me, and asked for my firearm, which I gave him, and then, without looking over my criminal complaint, said he would prevent me from arresting anyone today. In doing so, he violated my second amendment rights, and my right to make a citizen's arrest, and furthermore, accidentally became an "accessory after the fact" to felony theft, by blocking my attempt to make a citizen's arrest. Again, Sergeant Dwyer said this appeared to be a civil matter, and when I asked why, he could not say, or he would say he already said, or he would evade the question. He was very belligerent, and very unprofessional. But I was fully cooperative, because I knew I needed their cooperation. He asked me if I spoke to a civil attorney about this matter. I said "no", and then he laughed, saying, "Well, that explains it." I stated that I would not attempt to arrest anyone unless they were willing to hold them in custody, because I have to turn over anyone arrested to them immediately anyway. Furthermore, California Penal Code 849b says that the police can release them immediately if they are "satisfied that there are insufficient grounds for making a criminal complaint against the person arrested." But none of the officers was willing to even read my 15 page, 10 count criminal complaint! So, without doing that, how can they satisfy themselves that there are insufficient grounds for a citizen's arrest? I tried to explain to the officers who were willing to write up a complaint, that larceny theft is when the Rocklin guys took inventory that belonged to me, out of the shop. Rocklin police asked me if I had a contract that said they could not take property away from the Rocklin Coin Shop. I said it was a ridiculous question, since the Rocklin boys don't have a contract saying they can take anything out of the shop. Furthermore, I don't have a contract with the gun store across the street, and I can't use the lack of a contract to justify stealing any of their inventory! They said I needed to stick to the point. Patrol Lieutenant Lon Milka was called to the scene, but Lieutenant Milka had no interest in reading the criminal complaint either, saying he would trust his officers to inform him, even though none of them had read it. The Lieutenant finally admitted that it sounded like I had a very strong case, and that he wanted the DA to do it right. I agreed. I was cited by Sergeant Dwyer for carrying a loaded weapon in a public space, which was the private parking lot of the Rocklin Coin Shop, where I hold a 5 year lease dated from 2009. Lieutenant Milka said they wanted to be 100% sure of securing a criminal conviction before taking action. I said I didn't need them to take any action, other than to stop blocking me, and that being 100% right is established at trial, not before the arrest. I read CA Penal Code 837 that gives a citizen the right to conduct an arrest, it says, "A private person may arrest another: (3) "When a felony has been in fact committed, and he has reasonable cause for believing the person arrested to have committed it." I told him that applies to whether I think there is reasonable cause, it does not say the police have to be 100% certain that they will win at trial! I went back to the police station, and I spoke with O Bryan again, and I got a case number: 10-263-5. He was more understanding the second time I sat with him, and this time, I was more patient in answering his questions, and his questions were more reasonable. I went to lunch, and came back to the Rocklin Police Station, to explain what larceny theft was, and why it's a criminal matter. I explained that if they move gold and silver out of the shop, metals that belong to me, that it becomes almost unrecoverable even if I win a civil judgment, because the thieves can then just put the metal in a vault, and then file bankruptcy to nullify my judgment. This is why I implored him to seize the inventory of the shop as evidence, pending investigation. O'Bryan left to consult. He came back out, and again advised me to file civil charges, and that I'd be arrested for trespassing if I returned to the Rocklin Coin Shop. He, like the other officer, who probably relied on his initial review of the case, then made himself, unwittingly, an "accessory after the fact", by blocking my ability to exercise my right to engage in a citizen's arrest, and by aiding and abetting felons. See, sometimes the wheels of official justice just move too slow. In my case, it appeared they were moving backwards today in Rocklin. By tomorrow, my inventory could be moved out of the shop again, permanently. Police usually have to get a warrant from a judge before making an arrest. Private citizens do not. This should aid in the apprehension of criminals, but not when the police get in the way. A copy of my 15 page criminal complaint can be found here: www.silverstockreport.com/rocklincriminals.txt ===== Therefore, I must implore my readers to not visit the Rocklin Coin Shop for any reason. The men who run it are theives. Anyone out there know a good civil rights lawyer who might know if today's events are actionable against the Rocklin Police Department? ===== I strongly advise you to take possession of real gold and silver, at anywhere near today's price, while you still can. The fundamentals indicate rising prices for decades to come. Price Board: http://hommel.name/cgi/priceboard?store=jhmint.com Our Coin Shops are open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends. JH MINT & Coin Shop, Grass Valley, CA -- our largest store, minimum $1500 to ship, USA shipping only, free shipping. (530) 273-8175 Kerri: 530 273 -8822 silver_support3@hotmail.com www.jhmint.com Mom's Silver Shop, Sacramento, CA www.momssilvershop.com 3510 Auburn Blvd., #12 Sacramento, CA 95821 (916) 481 5656 (Mom will ship with no minimum order size, and overseas, and take credit cards and paypal.) Oakland Silver and Gold www.oaklandsilverandgold.com 3929 Piedmont Ave., Oakland, CA 94611 osg2010@gmail.com Sincerely, Jason Hommel In case you miss an email, check the archives (scroll down) at www.silverstockreport.com For the Biblical case for the benefits of using honest money, see www.bibleprophesy.org
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| Jim Rickards- Gold Standard is Plan B and Revalue Gold at $5000+ (Dollar is Collapsing) Posted: 20 Sep 2010 01:14 PM PDT
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| Long-Term Investing: Gold Versus Stocks Posted: 20 Sep 2010 12:38 PM PDT Whew...what a week....! We had a bad cold last week, but we had to keep going. Half the world's work is done by people who don't feel very good, so we soldiered on... We were very busy. We don't approve of busy-ness. People who are very busy are usually wasting their time. Or, they are wasting your time. Politicians, for example. They're on the go day and night - especially at election time. Shaking hands. Appearing at rallies and town hall meetings. Giving interviews. Meeting the voters. Meeting with their staff. Go...go...go... gone! We would all be better off if they stopped...and thought. A little reflection might help us all. That's true of people in business too. Busy-ness feels productive. It feels effective. It looks dynamic and hard-working. But without solid thinking behind it, it is as empty as a whirlwind. But what are we talking about? What's this got to do with money? Well, not much. So let's move on. What happened on Friday? Not much. Nothing worth comment. Gold and stocks both up a little. But so what? Should you buy stocks? Definitely not. Well, not definitely not. Maybe not. US stocks are likely to underperform over the next 10 years. As we keep saying, they still haven't yet fulfilled their rendezvous with bear market destiny. When that happens, stock market investors will wish they had their money somewhere else. Probably the only exceptions are those who take a very, very long-term outlook. Right now, there are some good US companies available at reasonable prices. Altria. Johnson & Johnson. Diamond Offshore Drilling. Today's price is probably NOT the best price you will ever get. But maybe you don't care. If you take a long enough perspective, you could be very happy with the kind of returns these companies are likely to deliver. They pay good dividends - and they're growing. Many US companies are not only US companies. They're world leaders. With brands that are known all over the globe. Many of these companies are enjoying spectacular growth in their foreign sales. So, if you're willing to look far enough into the future...maybe some of these US brand-name companies are worth buying. Well, what about gold? While US stocks have gone nowhere since 1998, gold has gone up every year. This year it's up again - 15%. And last week, gold hit record highs on three days. So, should you buy gold? Again, it depends on what you're trying to do. Here at The Daily Reckoning, we don't encourage speculation. So if you buy gold in the hope of making a lot of money, you're on your own. We don't recommend it. Gold could go up...or down. But gold is money. It's the world's more reliable money. You could use it to buy stuff during the reign of Caesar Augustus. You can use it to buy stuff now (after converting to paper currency). What's more, you get about as much stuff per ounce (relatively) now as you did 2,000 years ago. If you want to save money, save gold. It might go up. It might go down. But it won't go away. And more thoughts... Want to meet a dope? Meet Voltaire. A week ago, a minister in Florida was going to burn the Koran, making a point of some sort. Meanwhile, Moslems were threatening to kill the man if he burned their holy book. Which is where Voltaire entered the discussion. "I disapprove of what you say, but will defend to the death your right to say it," said the French philosopher. Which just goes to show that philosophy is a fraud and Voltaire was an idiot. Philosophy is supposed to make you think. But what thinking person would defend the Florida Bible thumper with his life? If he wants to do some jackass thing, causing other jackasses to want to kill him, what sensible person would step between them? No one. *** What's going on in Cuba? Is it abandoning Fidel's communist model, or not? Here's the latest news: HAVANA (AP) - The big economic changes Cuba's communist leaders have been promising for years appear finally to be happening in earnest - and they will be hard. Cuba on Monday said it is laying off nearly half a million workers, an eye-popping figure in any country, but especially in a nation where the government so totally dominates the economy.
Regards, Bill Bonner,
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| $2,500 Gold Could Easily Result in $178.50 Silver – Here’s Why! Posted: 20 Sep 2010 12:35 PM PDT
By: Lorimer Wilson September 19, 2010 More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (55) think a price of $5,000 or more - even as high as $15,000 – is actually more likely! As such, just imagine what is in store for silver given its historical price relationship with gold! Precious metal bull markets have 3 distinct demand-driven stages and we are now quickly approaching or perhaps even in the very early part of the last stage which occurs when the general public around the world starts investing in gold and this deluge of capital into gold causes it to escalate dramatically (i.e. go parabolic) in price. Gold Silver Gold:Silver Ratio How both gold and silver perform, in and of themselves, does not tell the complete picture by a long shot, however. More important is the price relationship – the correlation – of one to the other over time which is called the gold:silver ratio. Based on silver's historical correlation r-square with gold of approximately 90 – 95% silver's daily trading action almost always mirrors, and usually amplifies, underlying moves in gold. With significant increases in the price of gold expected over the next few years even greater increases are anticipated in silver's price movement in the months and years to come because silver is currently seriously undervalued relative to gold as the following historical relationships attest. Let's look at the gold:silver ratio from several different perspectives: Let's now look at the various price levels for gold and the various silver:gold ratios mentioned above one by one and see what conclusions we can draw.
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