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- Can Paper Bring Prosperity?
- “Alternative Currency” Claims for Gold Called “Overblown” as Chinese & Indian…
- Crude Oil Rebounds after China CPI, Gold May Continue to Decline on Yields
- [## DECEMBER MACRO ECON REPORT posted to the website ##]
- Graham Summers Weekly Market Forecast (Bond Bear Market On Way Edition)
- Great Atlantic And Pacific Supermarket Chain Files Chapter 11, Cites Excess Leverage And Margin Pressures Among Bankruptcy Causes
- Gold and the Overall Strength of the Market
- Franklin Sanders on Silver
- Gold Market Forecasting and the Magnetic Power of the $2,298 Target Price
- Roughly 66% of the German gold reserves are located in the vaults of the NY Fed. You see them at risk in your currency war scenario?
- update – - – update – - – update – - – update
- COT Flash December 12, 2010
- Richard Russell - Gold = Biggest Bull Market of Our Lifetimes
- Financials Lead the Way, Gold Losing Its Appeal For Now?
- In the News
- Charting The US Fiscal Catastrophe
- Gold Still a Potential Head and Shoulders Pattern Top?
- Secret Banking Derivative Cabal Redux, And Why HFT In CDS Has So Far Been A Failure
- Central banks have rigged gold for decades, Rickards tells interviewer
- A Secretive Banking Elite Rules Trading in Derivatives
- Emirates NBD Gold Deposit Scheme, First Sign of Mania Stage for Gold?
- Empire of Fraud no. 8 (The Inevitable Reaction)
- Precious Metals - Week of 12.12.10
- Quantitative Easing Financial Markets Train Smash Coming
- The Debt-Dollar Discipline: Part II - Conservation & Release
- Is Silver Getting Overbought vs. Gold?
- Silver in Five Timeframes
- UPDATE – - – UPDATE – - –
- CFTC Commissioner Bart Chilton Reveals “One Trader” Controls 40% Of Silver Market, As Silver Holdings Of SLV Hit All Time Record
- UPDATE – - – UPDATE – - – - UPDATE – - – RE: SILVERKEISER SITE
- NOTICE – WE ARE GETTING FEEDBACK FROM USERS TRYING TO ORDER SILVER KEISER COINS THAT THE SITE IS NOT WORKING PROPERLY
| Posted: 12 Dec 2010 07:17 PM PST I do not intend to give investment advice through this blog, rather, my intention is to chronicle the end game of the current global monetary system. Gold, however, is part of this blog's thesis as it is my contention that it will once again be part of the new emerging global monetary system. This will occur most likely as a reaction to the breakdown of the current monetary system, not as an organized, planned replacement of the current monetary system. The transition will not be smooth. That said, Charlie Rose just recently had an excellent interview on gold, and its relation to the current global fiscal crisis and the (mis)handling of fiat money by central banks around the world. His guests are heavyweights: James Grant, John Hathaway, and Peter Munk. Many of my views are well described by Charlie Rose's guests. Click the image below for the interview on Charlie Rose:  
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| Posted: 12 Dec 2010 06:53 PM PST Dollar Daze
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| “Alternative Currency” Claims for Gold Called “Overblown” as Chinese & Indian… Posted: 12 Dec 2010 06:23 PM PST Bullion Vault
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| Crude Oil Rebounds after China CPI, Gold May Continue to Decline on Yields Posted: 12 Dec 2010 06:20 PM PST courtesy of DailyFX.com December 12, 2010 08:30 PM Is the precious metals bull market over now that interest rates are rising? We wouldn’t go that far, but a big test is in store. Commodities – Energy Crude Oil Rebounds after China CPI Crude Oil (WTI) - $88.12 // $0.33 // 0.38% Commentary: Last week was one of consolidation for crude, as the commodity fluctuated in a narrow range for much of the period, settling with an overall loss of $1.40, or 1.6%. Rumors that China would raise rates over the weekend following a much-anticipated report on consumer prices spurred some traders to lock in profits. Those CPI figures were released early on Saturday, showing a 5.1% year-over-year increase in consumer prices for November, higher than the 4.7% was expected. But there was no rate hike as some speculated, which is giving a lift to crude in overnight trade. Market expectations for global economic growth continue to inch higher, which obviously bodes we...
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| [## DECEMBER MACRO ECON REPORT posted to the website ##] Posted: 12 Dec 2010 05:16 PM PST
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| Graham Summers Weekly Market Forecast (Bond Bear Market On Way Edition) Posted: 12 Dec 2010 03:52 PM PST Graham Summers Weekly Market Forecast (Bond Bear Market On The Way Edition)
The most important piece of news announced last week was the Fed's release of the schedule for its second round of QE 2 bond buying. All told, the Fed intends to buy $105 billion worth of bonds through January 11, 2011. The purchases will occur practically every other day and are broken down into $6-8 billion increments. Now, the Fed has made it clear that it intends to prop stocks up at ANY cost. The issue is that there may in fact be a HUGE cost of doing this. Indeed, we are currently get major red flags from long-term US Treasuries which have broken support and are heading south in a major way:
What you're looking at is a 9% collapse in prices in a little over three months. On an annualized basis, this would amount to a 36% drop in Treasury prices in one year. This in turn would correlate with interest rates EXPLODING into the double digits. Could this happen? Well there aren't a lot of support lines between where we are now and this future outcome. As I write this, long-term US Treasuries have just taken out support at 125 and are now resting at MAJOR support at 122.5 A break here and we've really only got two more support lines (117.5 and 115) before we officially enter a bear market in bonds:
To visualize what a collapse in bond prices would do to interest rates, consider the below chart depicting the yield on the 30-year Treasury. As you can see, we're not that far off from seeing a MAJOR spike in interest rates.
This would result in a debt implosion worldwide, particularly in the US. Imagine if mortgage rates went to 10%. Imagine if the US was suddenly paying 10% on its debt (we're then talking about interest payments of $1+ trillion per year). Imagine what would happen to the $180+ trillion in interest rate based derivatives sitting on US commercial bank balance sheets. KA-BOOM! This is the BIG story for the financial markets going forward. Indeed, at the prospect of a bear market in bonds, stocks are virtually an afterthought as most corporations would soon be in bankruptcy with interest rates at 10+% (profit margins would disappear). Thus Bernanke is literally in a corner here. The only justifiable claim for a "recovery" in the US comes from stocks prices being higher (thereby increasing household net worth). However, if he continues to engage in QE to do this he runs the risk of kicking off a bear market in bonds, which in turn would DESTROY the US economy AND bankrupt the country. Will he go this far to maintain his policies? Who knows, but at this point we're not far off from seeing US Treasuries take out their multi-decade trend-line:
Forget stocks, this is the most important development to monitor going forward. If Treasuries break down in a major way the destruction will make the 2008 debacle look like a picnic. On that note, I recently published a special report outlining the coming US debt crises. It's called The Debt Spiral and its nine pages of hard-hitting, detailed analysis explains precisely what's coming and how to profit from it. No exaggeration, I believe this is some of the best research I've ever produced. Indeed, the contents of this report alone are worth well over $100. But I'm giving this report away for FREE with every "trial" subscription to my paid newsletter, Private Wealth Advisory… even if subscribers choose to cancel during their refund period (the first 30 days) I know many investors believe that the US's Debt Crisis is some distant event. However, the specific investment I suggest for profiting from this collapse just triggered a "buy" last week. As I write this, it's already in the black. And if the markets play out as I expect they will, we'll be seeing double-digit returns from this position within the next month. To pick up your copy of The Debt Spiral today, and prepare your portfolio to profit from the coming collapse in US debt… you can take out a "trial" subscription to Private Wealth Advisory today. To do so…
You're probably asking yourself, "What's a trial subscription to Private Wealth Advisory? An annual subscription to Private Wealth Advisory costs just $180. However, I realize my analysis and trading style are not for everyone. Good Investing! Graham Summers
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| Posted: 12 Dec 2010 02:59 PM PST
And another one bites the dust. Montvale, NJ based grocery chain Great Atlantic and Pacific has filed for bankruptcy, pretty much as had been expected for the past week. The 101-year-old operator of 395 supermarkets and other stores, filed for bankruptcy after failing to turn around its business amid increased competition from wholesale clubs and drugstores. A&P, based in Montvale, New Jersey, listed assets of $2.5 billion and debts of $3.2 billion in its Chapter 11 filing today in U.S. Bankruptcy Court in White Plains, New York. The company has 41,000 employees, 95 percent of whom are covered by union agreements, according to the filing. And among the reasons for the filing, most notably ridiculous leverage incurred with the stupid purchase of Pathmark 3 years prior, is, you guess it: margin pressure. "Margin pressure imposed by declining operating cashflow has amplified the bottom line effects of the Debtors’ leveraged balance sheet and significant legacy costs....A&P, like many supermarket operators, continues to cope with the recent economic decline and reduced customer spending while running on narrow profit margins and facing intense competition." What? Reduced consumer spending? Margin pressure? Huh? Not according to the Chairman, who says inflation and margin collapse is merely in the eye of the beholder: the economic central planners would never allow this, and any bankruptcies that prove the contrary should be ignored and promptly forgotten. Expect some serious weakness in grocery and supermarket stores tomorrow as a little piece of reality creeps it way into what we earlier classified as one of the most overbought markets in the five years. Full first day affidavit below. Read it closely - many more such comparables will soon come to the fore as the Chairman succeeds in pushing input costs higher.
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| Gold and the Overall Strength of the Market Posted: 12 Dec 2010 01:54 PM PST The past week has been interesting to say the least. Gold is trying to find support while the SP500 grinds its way higher. Let's jump into the charts and analysis to get better feel for what I feel is happening here. Read More...
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| Posted: 12 Dec 2010 12:46 PM PST What are the last four words you are most likely to hear shortly before you lose vast amounts of money? "It's different this time." Those are the words I am hearing from people who object to swapping silver for gold & believe that by the end of this week silver will reach $600 an ounce. -Franklin [...]
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| Gold Market Forecasting and the Magnetic Power of the $2,298 Target Price Posted: 12 Dec 2010 12:09 PM PST The Long Wave Dynamics approach to Fibonacci drill-down price grids in any market index such as the S&P 500 and European S&P 100 generates extraordinary actionable market intelligence for investors and traders. Read More...
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| Posted: 12 Dec 2010 10:31 AM PST “The central banks don’t consider it manipulation, they consider it part of their job” Share this:
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| update – - – update – - – update – - – update Posted: 12 Dec 2010 10:20 AM PST I’m in touch with bid bullion regarding the silver keiser . . . The current status: the site silverkeiser.net appears to be working. But what customers want now is a followup and more info . . . What i’m looking for first thing on Monday morning is a press release or link from NWTM regarding [...]
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| Posted: 12 Dec 2010 09:37 AM PST HOUSTON – After first marking new highs on COT reporting Tuesday, both gold and silver seemed to be taking an overdue breather this week. Yearend profit taking seems dominant, and we think more vigorous profit taking might surface right after the new tax year begins. However, that is likely balanced by wealth seeking safe harbor from under-backed, highly volatile and competitively devalued fiat currencies. Sovereign debt and solvency issues are serious, currently in focus in Europe but our indicators are not reflecting the kind of warning that usually comes with irrational fear or panic about contagion – yet.
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| Richard Russell - Gold = Biggest Bull Market of Our Lifetimes Posted: 12 Dec 2010 09:00 AM PST  With gold still consolidating gains, the Godfather of newsletter writers Richard Russell in his commentaries from this past week stated, "I listened to Kitco's Nadler on the Bloomberg channel this morning. He's been bearish on gold for months, and I thought he sounded like a know-nothing fool today. Why didn't Bloomberg interview someone who's been bullish and right about gold."
This posting includes an audio/video/photo media file: Download Now | |
| Financials Lead the Way, Gold Losing Its Appeal For Now? Posted: 12 Dec 2010 08:48 AM PST Carlos X. Alexandre submits:c As interest rates continued to rise all indices kept their positive ST [short term] and LT [long term] trends—Dow (DIA), S&P 500 (SPY), Nasdaq 100 (QQQQ), and KBW (KBE). The only trend shift was observed in gold, with the ST turning neutral from positive. If you haven’t noticed, the rate for the 10-Year Note has risen 100 basis points (1%) in the last 2 months — 2.3% to 3.3% — and despite approaching the oversold zone, the rise is poised to continue, explaining the sharp increase in mortgage rates. However, the Financials (KBE is up 19.56%) have outperformed the Dow (9.88%), S&P 500 (11.70%), and Nasdaq (19.13%) thus far this year! Complete Story »
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| Posted: 12 Dec 2010 08:38 AM PST Jim Sinclair's Commentary What has become of Western Financial Society that it needs to be run by secret cabals? What has become of the people that this can be discussed in the light of day and nobody really cares. A Secretive Banking Elite Rules Trading in Derivatives By LOUISE STORY Published: December 11, 2010 On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential. Dear Jim, Payday is arriving soon enough. CIGA BJS Global bond rout deepens on US fiscal worries Agreement in Washington on a fresh fiscal package has set off dramatic rise in yields of US Treasuries and bonds across the world, threatening to short-circuit any benefits of stimulus. The bond rout raises concerns that the US authorities may be losing control over events By Ambrose Evans-Pritchard 8:03PM GMT 08 Dec 2010 The yield on 10-year Treasuries – the benchmark price of money worldwide and the key driver of US mortgages rates – has rocketed to 3.3pc, up 35 basis points since President Barack Obama agreed on Monday to compromise with Senate Republicans on tax cuts. The Treasury sell-off has ricocheted through the global system, triggering bond sell-offs in Asia, Europe and Latin America. Japan's finance ministry braced as borrowing costs on seven-year debt jumped by a sixth in one trading session, while German Bunds punched through 3pc. Jim, The turn in bonds will be a process. This is hardly a screaming buy signal, but it certainly points toward protecting some profits soon. CIGA Eric Jim Sinclair's Commentary This is the last and extremely important Pillar for the price of gold at $1650 and above. That means hang on, here we go, very soon. Market alarm as US fails to control biggest debt in history Sunday 12 December 2010 Liam Halligan US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of the world's largest economy have now risen by a quarter over the past four weeks. Such a sharp rise in US benchmark market interest rates matters a lot – and it matters way beyond America. The US government is now servicing $13.8 trillion (£8.7 trilion) in declared liabilities – making it, by a long way, the world's largest debtor. Around $414bn of US taxpayers' money went on sovereign interest payments last year – around 4.5 times the budget of America's Department of Education. Debt service costs have reached such astronomical levels even though, over the past year and more, yields have been kept historically and artificially low by "quantitative easing (QE)" – in other words, Federal Reserve Chairman Ben Bernanke's virtual printing press. Now borrowing costs are 28pc higher than a month ago, with the 10-year Treasury yield reaching 3.33pc last week, an already eye-watering debt service burden can only go up.
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| Charting The US Fiscal Catastrophe Posted: 12 Dec 2010 06:29 AM PST
With little fanfare, the November budget deficit of $150.4 billion was reported, which happened to be the worst fiscal November in the history of the US, and just out of the top 10 of worst deficit months ever, including the traditionally weak seasonal months of December, April and September (indicatively, the worst deficit month was the February 2010 $221 billion). The deficit was a major surprise to all those who had expected a pick up in income tax revenues. And as the charts below demonstrate, while there was indeed a modest pick up in tax collections, it was nowhere near enough to offset the surge in government outlays (even with interest payments still at near record low levels). What was also not broadly appreciated is that the cumulative debt issuance over deficit funding has hit a new all time high of $1,735 billion since our October 2006 starting point (4 fiscal years ago). And what is a bigger concern, is that the debt issuance continues to remain at almost exactly 50% over the deficit. Additionally we know that courtesy of Obama's latest stimulus for the wealthy (and everyone else) the latest projection for the 2011 budget deficit will hit $1.5 trillion (after it was just $1.1 trillion a few months prior). What this means is that should the US Treasury continue to issue 50% more debt than total deficit needs, by the end of fiscal 2011, the US will have issued another roughly $2.25 trillion in net debt. Granted this is a rule of thumb. But what it means is that the $900 billion in notional (not market) value of bonds to be bought back by the Fed through June will be woefully insufficient, and that as a result we expect that Ben Bernanke will be forced to monetize another $1.2 trillion in debt to continue with his course of monetizing every dollar of deficit spending, as he has been doing since the advent of QE2. It also means that unless something dramatically changes, through October 31, 2011, total US debt will be $15.9 trillion, up from the $13.9 trillion as of the end of last month, and will mean that the debt ceiling will have to be raised not only once, but likely twice in the next 12 months. We are now truly a banana republic you can believe in. Chart 1: Cumulative US Individual Income tax revenues and debt issuance. Since the failure of Lehman, through November 30, 2010, the US government has issued $3.8 trillion in debt, and collected $3.6 trillion in tax receipts. Uncle Sam continues to fund over 100% of every dollar received from taxes with his own credit card, which is somehow still stuck at an APR of about 2%.
Chart 2: The same as above, but also showing the cumulative differential between the two metrics. We fail to observe any green shoots, or any improvement in the cumulative delta.
Chart 3: While the debt to tax collection metric is deplorable, what is far more scarier, and has very profound implications for future US debt, is that the cumulative debt over deficit differential not only continues to rise, but has hit an all time high. Forgive us if we laugh in the faces of all those who claim that rising tax revenues are a certain indication of economic improvement. Nothing could be further from the truth: the only "improvement" is short-term economic stimulus (with an ever declining half life), purchased on Uncle Sam's credit card. Should the recent acceleration in interest rates higher persist, we expect that very soon the Uncle Sugar APR will no longer be quite as attractive as it has been during this period of drunken sailor borrowing.
And if you are not scared enough by the above figures, here is Bill Buckler of the Privateer fame's condemnation of what anyone with half a brain realizes is pure, unadulterated fiscal lunacy (dictated in no small part by the same people at Goldman who are now in charge of monetary policy as well):
That is the 64 quadrillion dollar question.
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| Gold Still a Potential Head and Shoulders Pattern Top? Posted: 12 Dec 2010 05:52 AM PST Still a potential head and shoulder pattern or not? See the short term analysis below. With all that’s happening in the world one would expect gold to go through the roof. It may still do so, in fact I believe it will, but the question is will it do so NOW or sometime in the future?
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| Secret Banking Derivative Cabal Redux, And Why HFT In CDS Has So Far Been A Failure Posted: 12 Dec 2010 05:14 AM PST
Today, in a 3,500 word oeuvre, the NYT's Louise Story has done an expose on some of the key development in the CDS market. For those who may not have the patience of reading the whole thing, we provide an abridged summary...
That pretty much covers it. Of course, to anyone who has read Zero Hedge over the past two years none of this is a surprise. We have long claimed that:
In other words - a lot of recycling. One useful observation: contrary to claims to the contrary, High Frequency Trading in CDS is so far completely and totally DOA: Citadel's walking away with its tail between its legs proves it. To achieve that one needs a clearing market. And once HFT gets involved, margins plunge, and volume needs to make up for the margin shortfall. This means the market will need to be opened up to the general public. Zero Hedge firmly believes this will be the case... eventually. When that happens, CDS contract notionals will plunge from a minimum $1MM contract (and really $5MM) currently, down to $1K increments, and margin requirements will be impacted appropriately. Banks will be forced to open the CDS market to the greater retail fools. For that to happen, equities as an asset class will have to collapse, and the general public will want to move its trading higher in the capital structure. Which is why we are stunned that the blogosphere has not seen a broader penetration of CDS-focused sites (in addition to Zero Hedge): after all, when the enchantment with equities is over following the next major crash (and it is already well on its way followin 31 weeks of outflows), this will be the "next big thing", and the first entrant will have a tremendous advantage...
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| Central banks have rigged gold for decades, Rickards tells interviewer Posted: 12 Dec 2010 05:08 AM PST 1p ET Sunday, December 12, 2010 Dear Friend of GATA and Gold (and Silver): Western central banks have been surreptitiously manipulating the gold market for 60 years, market analyst James G. Rickards tells the German journalist Lars Schall in a wide-ranging interview published at ChaosTheorien today. Central banks, Rickards tells Schall, "like to say that they don't have gold activities and denigrate the role of gold in international financial transactions. But in fact they are active. ... When you try to manipulate the market, the more secrecy the better." Schall's interview with Rickards also covers the international currency war between the dollar and euro blocs and China and emphasizes the risk to Germany in continuing to keep the bulk of its gold reserves in the United States. The interview is headlined "The Central Banks Don't Consider It Manipulation; They Consider It Part of Their Job" and you can find it at ChaosTheorien here: http://www.chaostheorien.de/artikel?p_p_id=101_INSTANCE_haR1&_p_lifecyc... Or try this abbreviated link: CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Opportunity in the gold coin market Swiss America Trading Corp. alerts GATA supporters to an opportunistic area of the gold coin market. While the gold bullion market has been quite volatile lately and as of November 29 gold has risen only $7 per ounce over the last month, the MS64 $20 gold St. Gaudens coin has risen about 10 percent in the same time. The ratio between the price of these coins and the price of gold is rising. If you'd like to learn more about the ratio and $20 gold coins, Swiss America can e-mail you a three-year study of it as well as other information. Swiss America also can provide a limited number of free copies of "Crashing the Dollar," a book written by Swiss America's president, Craig Smith. For information about the ratio between the $20 gold pieces and the gold price and for a free copy of "Crashing The Dollar," please call Swiss America's Tim Murphy at 1-800-289-2646 X1041 or Fred Goldstein at X1033. Or e-mail them at trmurphy@swissamerica.com and figoldstein@swissamerica.com. Join GATA here: Yukon Mining Investment e-Conference http://theyukonroom.com/yukon-eblast-static.html Vancouver Resource Investment Conference http://cambridgehouse3.com/conference-details/vancouver-resource-investment-conference-2011/15 Cheviot Asset Management Sound Money Conference Phoenix Investment Conference and Silver Summit Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon: Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Prophecy Drills 71.17 Metres of 0.52 percent NiEq Prophecy Resource Corp. (TSX-V: PCY) reports that it has received additional assays results from its 100-percent-owned Wellgreen PGM Ni-Cu property in the Yukon, Canada. Diamond drill holes WS10-179 to WS10-182 were drilled during the summer of 2010 by Northern Platinum (which merged with Prophecy on September 23, 2010). WS10-183 was drilled by Prophecy in October 2010. Highlights from the newly received assays include 71.17 metres from surface of 0.52 percent NiEq (0.310 percent nickel, 0.466 g/t PGMs + Au, and 0.233 percent copper) and ended in mineralization. For more drill highlights, please visit: http://prophecyresource.com/news_2010_nov29.php
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| A Secretive Banking Elite Rules Trading in Derivatives Posted: 12 Dec 2010 04:17 AM PST On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential. Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk. In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. More Here.. Cuba To Be Insolvent Within 2-3 Years 
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| Emirates NBD Gold Deposit Scheme, First Sign of Mania Stage for Gold? Posted: 12 Dec 2010 03:39 AM PST You have to wonder whether gold and silver are about to enter a final mania stage of their long bull run when the largest bank in the Middle East comes up with a gold deposit scheme to tempt investors.
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| Empire of Fraud no. 8 (The Inevitable Reaction) Posted: 12 Dec 2010 03:35 AM PST For every action, there is an equal and opposite reaction. The inevitable reaction to the deep financial fraud in our society will be a 100% gold and silver reserve financial system. This means gold at something like one ounce per one year's labor, and silver at something like one ounce per one month's labor. This would not have even been possible until quite recently, after all, this means paying for a loaf of bread with a milligram of gold or ten milligrams of silver.
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| Precious Metals - Week of 12.12.10 Posted: 12 Dec 2010 02:45 AM PST CPM Silver Long-Term Outlook CPM Group (Dec 2010)
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| Quantitative Easing Financial Markets Train Smash Coming Posted: 12 Dec 2010 12:51 AM PST In this analyst’s view, it is only a matter of time before the folly of Quantitative Easing becomes transparent to everyone. That time may be closer than most people think. Here is a quote from an article entitled “Investors Hold Biggest Commodity Positions On Record; Viral Nonsense About Silver” written by Mike Shedlock.
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| The Debt-Dollar Discipline: Part II - Conservation & Release Posted: 11 Dec 2010 11:00 PM PST Part I in this series introduced Michel Foucault's theory of disciplinary society, laid out in his book Discipline and Punish, and the application of this analysis to the "debt-dollar discipline" formally imposed on global society by the Bretton Woods Agreement of 1945 (establishing the dollar as the global reserve currency). It should come as no surprise that this global financial discipline is currently in the process of being revoked.
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| Is Silver Getting Overbought vs. Gold? Posted: 11 Dec 2010 08:10 PM PST Kurt Brouwer submits: When comparing gold to silver in terms of value, one good tool is the gold - silver ratio, which compares the price of an ounce of gold to an ounce of silver. There have been wide swings in the ratio over the past 10 years, with the ratio of gold getting as high as 80 times an ounce of silver with a low approaching 40 times, as this charts demonstrates:  Source: Bespoke Investment Group Complete Story »
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| Posted: 11 Dec 2010 06:24 PM PST Jeff Pierce submits: My conclusion about where silver is heading is we could be about to have a mild correction back to $24.57, but it’s to early to start shorting if that’s how you want to play the correction. Personally I think it’s safer to wait until the correction is over and buy more, but there are those out there who like to short the gold and silver market. If you are currently long silver with significant gains, I think you can’t go wrong taking some profits off the table. Complete Story »
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| Posted: 11 Dec 2010 10:30 AM PST MK: Bid Bullion is now working to get NWTM to update their site with info about the silver keisers. Will keep you posted. bid bullion is also adding comments to the ‘comments section’ of this site as they get more info upgrading their systems. also, i am now getting feedback from both – people who [...]
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| Posted: 11 Dec 2010 10:27 AM PST Bart Chilton, who continues to expose the CFTC and the banker cartel’s illegal market manipulation practices Share this:
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| UPDATE – - – UPDATE – - – - UPDATE – - – RE: SILVERKEISER SITE Posted: 11 Dec 2010 09:24 AM PST MK: Just got this email: (below) obviously without a fully functioning site, no one can be expected to have full confidence in placing orders. I will update with any additional news as I get it. At some point – it would be great for bid bullion and NWTM to get fully in gear. . . [...]
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| Posted: 11 Dec 2010 08:52 AM PST I’ll update when I get more info. Share this:
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