A unique and safe way to buy gold and silver 2013 Passport To Freedom Residency Kit
Buy Gold & Silver With Bitcoins!

Sunday, February 6, 2011

Gold World News Flash

Gold World News Flash

China in the Year of the Rabbit

Posted: 05 Feb 2011 06:44 PM PST

By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors Happy New Year 4708! According to the Chinese calendar it’s the Year of the Rabbit. The leading Asian brokerage firm CLSA reports the Rabbit will “wrest the reins from the decidedly unpleasant and erratic Tiger that’s been tossing and turning the markets over the past 12 months.” We all could appreciate a respite from extreme volatility. Chinese New Year is the longest and most important of the traditional Chinese holidays. It is celebrated around the world wherever there are significant Chinese populations. Customs vary widely but traditionally include an outpouring of gift giving, decorating, feasting, forgiveness and wishing for peace and happiness for everyone. This is the fourth stage in the seasonally strong period for gold, which began back in August with Ramadan. In the run-up to Chinese New Year, China’s gold imports are estimated to have more than doubl...


Gold this Decade

Posted: 05 Feb 2011 05:19 PM PST

The View: A Classic Bank Run

Posted: 05 Feb 2011 02:40 PM PST

What I offer here on this blog is a view, backed up by premises and interpretations, sculpted into a framework of understanding, challenged and tested through repetitive application. After my last post I had a couple of brief conversations. One was public, with Bron Suchecki, Senior Analyst for the Perth Mint in Western Australia. The other was by email with a "gold bug" who is also a


While You Are Watching The Super Bowl…

Posted: 05 Feb 2011 01:15 PM PST

I thought Super Bowl weekend was a good time to let people know that while ignorance is bliss, it will become deadly when the dollar collapses. In the same time it will take for you to watch the Super Bowl, you can watch these 76 videos and see what is really going on in this world. When you are aware, you can prepare.- Silver Shield)
"Facts do not cease to exist because they are ignored." Aldous Huxley
While you are watching the Super Bowl…
The Federal Reserve remains above the law to increase our federal deficit and uses fractional reserve banking , usury, and debt to control our world.
The Banksters continue to laugh at us, thumb their nose at regulators, manipulate the markets, lavish themselves with bonuses, and do "god's" work.
The Banksters continue to push global warming with disgusting propaganda for environmental control, cap and tax, and carbon Ponzi schemes.
Our gangster government lies about unemployment, inflation and the real health care agenda as the middle class is destroyed.
Our military industrial complex steals trillions, commits war crimes, assassinations, genocide, and uses economic hitmen.
Our government continues to protect heroin fields and plot more false flag events for the greatest racket on earth.
Our government continues to bring drugs into the country and cause the violence in Mexico.
Our politicians continue to be sock puppets for the Elite that only give us the "choice" of the lesser of two evils in their rigged elections.
Our police state and prison system grows more illogical, intrusive, violent, bold, and heartless.
More Here..

Speculative Bullish Rice Bets Surge To Year Highs As Dollar Sentiment Plumbs New Lows

Posted: 05 Feb 2011 10:49 AM PST


As we have highlighted over the past week, one of the best performing asset classes in trecent days has been rice. And judging by the just released CFTC Commitment of Trader data, the speculators are waking up to the possibility that rice has along way to go higher. The Non-Commercial Net Speculative positions in Rough Rice (per CBOT), have jumped to 5,811 in the week ending February 1, and are now the highest they have been in over a year. They are also double where they were less than 4 weeks ago. Of course, with increasingly more popular speculative positions, the concern that profit taking rallies will appear should be widely anticipated. We expect at least one-two broad selloffs in rice in the coming days, following which distribution the path for continued moves higher in the grain should be wide open.

Other CFTC data indicated that bullish sentiment in other grain and soft food commodities continues to rise:

In Treasurys, specs continue to expect aggressive steepening in the 2s10s region, as both 2 and 5 year net non-commercial contracts have jumped to near-highs, while the 10 Year specs continue selling off, and as now back to August levels.

Lastly, and possibly most importantly, net long bets in the US Dollar just hit another multi year low, just as both the EUR and GBP appear poised to take out prior mega-bullish positions. We continue to expect this trend to revert and major profit taking in the EUR complex, coupled with a short-covering technical push in the USD, to bring the EURUSD much lower (all this completely independent of fundamentals which keep getting worse for all currencies involved).

The Market Running Out of Buyers... Except the Fed?

Posted: 05 Feb 2011 10:33 AM PST


By most historic metrics, the market is showing signs of a significant top. Here are just a few key metrics:

 

1)   Investor sentiment is back to super bullish autumn 2007 levels.

2)   Insider selling to buying ratios are back to autumn 2007 levels (insiders are selling the farm).

3)   Money market fund assets are at 2007 levels (indicating that investors have gone “all in” with stocks).

4)   Mutual fund cash levels are at a historic low.

 

This final point is key. Mutual funds are the “big boys” of the investment world. If they have become fully invested in the market, this means there are few buyers left to push stocks higher. This is evident in the fact that every time mutual fund cash levels dropped, stocks collapsed soon after (see chart below).

 

 


 

In plain terms, the odds are high that a Top is forming in stocks. With that in mind,

if your portfolio is heavily invested in stocks, now is a time to be taking some profits. If you can, consider moving a sizable chunk into cash.

 

The market is extremely tired and the systemic risks underlying the Financial Crisis are in no way resolved. With investor complacency (as measured by the VIX) back to pre-Crash levels, the Fed withdrawing several of its more significant market props, and low participation coming from the larger institutions, this market is ripe for a serious correction.

 

I’m not saying this will immediately happen. But at some point there will be a new round to the Financial Crisis. When that happens, we WILL have another Crash. Indeed, it is quite possible that stocks are making a VERY significant top, so being heavily invested in stocks going forward doesn’t make much sense. Take some money off the table. If you need a place to put it, I suggest physical cash or Gold/ Silver bullion.

 

If You MUST Stay Long, Shift to Quality

 

If you DO have to stay invested in stocks, now is the time to be shifting out of junk into quality.  The market rally from March 2009 has largely been lead by junk companies (financials, retailers, etc). Meanwhile, quality has lagged dramatically.

 

As an example, let’s compare the performance of Coke (KO) to Bank of America (BAC).

 

KO is one of the best, most profitable brands in the world. The competitive moat  around this business is extraordinary and it remains one of the most easily recognized franchises on the planet. You can drink six glasses of Coke a day and still enjoy it the next day. That quality is almost nowhere to be found in any other food/ beverage on the planet: even chocolate would get old after six bars a day.

 

BAC on the other hand has swallowed Countrywide Financial AND Merrill Lynch’s garbage assets. It is effectively insolvent based on its derivative exposure alone (the company has derivatives equal to 3,000% of assets). BAC’s balance sheet is like an open sewer and without serious government intervention the company would not even exist right now.

 

And yet, BAC’s stock has risen nearly 200% since the March ‘09 lows… while KO is up roughly 50%.

 

 

 

This relationship works to the downside as well. What I mean is that when stocks come unhinged, Quality (Coke) then outperforms Garbage (Bank of America) hands down.

 

 

 

So, if you HAVE to remain invested in stocks to the long side for whatever reason, now is the time to be moving into high quality companies. This means finding companies with low debt, lots of cash, strong results (KO actually GREW revenues in 2008), and significant competitive advantages.

 

Good Investing!

 

Graham Summers

 

 

PS. If you’re getting worried about the future of the stock market and have yet to take steps to prepare for the Second Round of the Financial Crisis… I highly suggest you download my FREE Special Report specifying exactly how to prepare for what’s to come.

 

I call it The Financial Crisis “Round Two” Survival Kit. And its 17 pages contain a wealth of information about portfolio protection, which investments to own and how to take out Catastrophe Insurance on the stock market (this “insurance” paid out triple digit gains in the Autumn of 2008).

 

Again, this is all 100% FREE. To pick up your copy today, got to http://www.gainspainscapital.com and click on FREE REPORTS.

 

PPS. We ALSO publish a FREE Special Report on Inflation detailing three investments that have all already SOARED as a result of the Fed’s monetary policy.

You can access this Report at the link above.

 

 

 

 

 

 

News of JP Morgan’s massive Silver short is getting around (and Puplava is dead wrong)

Posted: 05 Feb 2011 10:03 AM PST

JP Morgan’s Silver short looks tasty to these sharks $6,000 Silver and ONE BANK MK: With Silver above $29 again and the news coming out about JP Morgan being attacked on multiple legal fronts, the massive short position they hold in silver is chum in the water for speculators looking to bust JPM open like [...]


Chart Shows Dramatic Plunge of Silver Contango

Posted: 05 Feb 2011 09:40 AM PST

Following up on this morning's offering which noted the absence of contango in the COMEX silver futures market, please see the graph just below which reflects the dramatic plunge in contango in the COMEX silver futures "strip." ...


We Are At The Cusp of A Depression: Every Working Person Should Be Buying SILVER

Posted: 05 Feb 2011 06:45 AM PST

It's interesting to look at this trend with gold, but it's absolutely fascinating when you plug in the numbers for silver. Not only may silver outperform gold before this is all over, but silver is more "affordable" to the masses.

Take a look at how many ounces of silver have been needed to buy a median-priced home in the U.S.



In 1970, it took 14,067 ounces of silver to buy a median-priced U.S. home ($23,000). By January 1980, it had dropped all the way to 1,603 ounces, based on silver's average price that month of $38.80. The ratio bottomed at 1,258 at silver's record high of $49.45 (London PM Fix) on January 21. (We can argue later how much of that spike was due to the Hunt Brothers hoarding of the metal, but I will point out that gold and silver peaked on the very same day, implying the same forces were influencing both).

The ratio peaked in 1990 at 22,616 due to silver's average price that year of only $4.06, and was still at 18,365 in July 2006, the pinnacle of the real estate boom. However, look what happened to the ratio in the four years and three months since: it's dropped 66.1%, to 6,213.

You may think the ratio won't fall further since it's already declined 69.2% in the last ten years. But I would point out that it collapsed 88.6% during the 1970s – and that was amid a 170% rise in home values! Only economists on government-laced Kool-Aid could fathom home prices rising that much over the next decade.

All this adds up to one thing: the number of ounces of silver to buy a median-priced home at some point in the near future will likely fall below 2,000. And given the unrelenting abuse to fiat currencies, it's very possible it could hit a measly 1,000 ounces. Now that's affordable.

The fine print, of course, is that you actually sell when the silver price is high, and that you pay the tax on the gain from another source. But I would argue that even a modest budget could come up with a few extra ounces to offset the tax bill.

Think silver is too volatile to use as a savings vehicle? The price fluctuates, no doubt, but ask yourself this: if you were to put ten grand into a savings account and another ten into silver, which asset will have more purchasing power five years from now? Even with the savings account earning interest, you'd be able to purchase much more with the stash of silver when you go to spend the proceeds.

NEW Buffalo/Indian Head Nickel Art Coin 1 TROY OZ .999 SILVER BULLION

Doug Casey is insistent real estate hasn't bottomed because we're on the cusp of a depression. I'm convinced the silver price won't be stopping when it hits $50. If we're right about these trends, that million-dollar vacation home you spotted on Nag's Head five years ago could be had for less than 2,000 ounces of silver.

Vacation home, here I come.
More Here..


The Worst Police Brutality (Warning) 

Smell a Rat? Then Buy Some Gold.

Posted: 05 Feb 2011 06:14 AM PST

"China gold buying "stuns" precious metals traders - demand unbelievable. Another 415,538 ounces of silver depart the Comex. Bank Participation Report shows bullion banks fleeing the short side...and much more. " Yesterday in Gold and Silver Starting from the opening bell in the Far East on Friday, gold began a gentle decline...and by the Comex open at 8:20 a.m. Eastern yesterday morning in New York, the yellow metal was down about nine bucks. From there, the price turned on a dime and began to head higher, but ran into selling every step of the way...as the jobs report did not impress anyone, despite the spin from the White House. The gold price peaked about 10:35 a.m. when the seller became real serious...and drove the price down twelve bucks...and into negative territory on the day...and that was basically it for the rest of the New York trading session. Gold finished down an even seven dollars from Thursday's close. If you look at the New York Spot ...


Future Money Trends On Why Gold Is The Money Of Kings, And Debt Is The Money Of Slaves

Posted: 05 Feb 2011 06:14 AM PST


The folks at Future Money Trends have released another comprehensive video clip which summarizes the key aspects of the gold price thesis (which should be all too clear to our readers, who have been following it since $800). At 6 minutes long, virtually anyone can afford to take the time and hear it out, which we certainly urge now that we once again have increasing chatter that QE3 is around the corner (those $4 trillion in deficit funding pieces of paper won't monetize themselves). That alone is sure to send gold again in play: after all the biggest jump in the precious metal last year occurred only after the "incredulous" ones realized that Bernanke was not at all kidding about his infinite dilution quest (yes, the Fed will do anything to save the banking masters).

 

And for those who wish to perform a deeper dive, below is a video from Nick Barisheff from Bullion Management Group at the Empire Club, presenting a slightly less abridged version of what was said above (link).


Stock Market February Seasonality

Posted: 05 Feb 2011 05:46 AM PST

February is an interesting month by seasonality. Typically the start of six months of underperformance for precious metals and the start of six months of outperformance for oil, it is also the second weakest month of the calendar for stocks. On this occasion I expect Gold to buck seasonal weakness, given that it has been consolidating for the last 3 months during its seasonally strong time and is now signalling a buy:


Ben Bernanke's Actions are a Threat to US National Security and World Stability

Posted: 05 Feb 2011 05:37 AM PST

Author David Korten's When Corporations Rule the World is a book that I read about fifteen years ago.  He covered such topics as the rise of the US after WWII, the financialization of the American Economy, the plight of the American worker, and the disproportionate wealth between the West and the developing world.  As we look at events today, I would say he was extremely prescient on many topics.

But I bring up Korten for a reason.  There was one passage in the book that really struck me, emphasis mine:
"There are two common ways to create money without creating value.  One is by creating debt.  Another is by bidding up asset value..." 
Price is determined by demand.  "In an economy awash with money and investors looking for quick returns, that demand is substantially influenced by speculators' expectation that other speculators will continue to push up the price.  Nicholas F. Brady, who served as US treasury secretary under President George Bush, observed 'If the assets were gold or oil, this phenomenon would be called inflation.  In stocks, it is called wealth creation.'  
…  Now, although any one individual can sell a stock certificate at the prevailing price to buy groceries, if everyone with money in the stock market decided to convert their stocks into money to buy groceries, much the same thing would happen as happened on October 19, 1987.  The aggregate value of their stock holdings would deflate like a pricked balloon. 
The 'money' - the buying power – would instantly evaporate.  What we are dealing with is a situation in which market speculation creates an illusion of wealth.  It conveys real powers on those who hold it – but only as long as the balloon remains inflated." [p.191-192] 

My recollection of the above quote from Treasury Secretary under Reagan and Bush I, Nicholas Brady: 'If the assets were gold or oil, this phenomenon would be called inflation.  In stocks, it is called wealth creation.'  was due to an article I just read from Barron's Magazine, here's the title:

Bernanke takes credit for stock's ralley, disavows commodities' rise.

From the article:
Proving Lincoln's adage you can fool some of the people all of the time, Bernanke asserted to the credulous DC press corps that while the Fed's purchases of Treasury securities played a role in the rise in stock prices since last August, they did not affect the prices of commodities, notably food. Moreover, he rejected the premise that the civil unrest seen in Egypt and Tunisia could be attributed to Fed policy, which the questioner contended was responsible for higher food prices.

The author of the Barron's article Randall W. Forsyth, continues successfully, in my view to critique the Fed Chairman, despite Bernanke's own explanation for the rise of commodities, which he covers in the article.

I agree with Forsyth, and I also believe that there is a supply and demand issue as well due to increased demand in the developed world and recent bad weather.  But nonetheless, the speculation of commodities has contributed to the rise in prices.  Ben Bernanke can't have it both ways.  He can't say that only stocks can benefit from his actions.  No one has that kind of control.  The money flows to wherever it finds high returns - regardless of how that money was created.  We saw that in the summer of 208 when oil peaked at $147 a barrel.

In 2008, we witnessed a meltdown on Wall Street.  If I take the (true) capitalist view to explain what transpired in 2008, I come up with this narrative:

Wall Street big banks and investment firms were a failed business model that deserved to end.  This business model was parasitic, not beneficial to the US productive economy - the Main Street, small business economy, that provides most of the job creation.  These big banks were also in the business of measuring risk whenever they speculated or lent money.  Their measurement of risk was extremely flawed.  As a result, they failed, just as a small businessperson would fail if he decided to sell snowcones to an Eskimo.

It's really that simple.  That's why we have a capitalist system.  Bad decisions are punished, good decisions are rewarded.

But what did we get after these banks failed?  The complete opposite.  Failed Bank CEOs walked away with millions in their pockets as the rest of society suffered.  The too big to fail banks were saved at the expensive of the average American citizen so they can rob and plunder the people another day.

But it's no longer a US Domestic issue.  Wall Street's banks are provided with liquidity not to re-invest in America, but to continue speculating, and to continue to finance the speculation of others.   What is another  result of this?   We now have a new threat to the National Security of the US.  The developing world is now suffering from the bad decisions of the big banks.  It is not just affecting the average American anymore.

If the big banks were not saved, if QE was not implemented by Ben Bernanke as a back door bailout of these banks, then oil, food, etc... would not be as expensive as it is today.  These big banks are not re-investing their bailout money in America.  They are using this money to do what they do best: to make money from the destruction of the rest of the world.

Chris Martenson Interviews Joe Saluzzi on High-Frequency Trading: The Equity Market Is Now Controlled By The Machines

Posted: 05 Feb 2011 05:17 AM PST


Joe Saluzzi, co-founder of Themis Trading LLC and outspoken exchange expert, is concerned with how high-frequency trading has brought the capital markets into uncharted - and dangerous - territory.

"Things have changed," he cautions. With 50-70% of all trades being conducted by algorithms at micro-second time intervals, real human traders are increasingly challenged to understand how our markets actually work. "No longer do the technical patterns - that have lasted for years and years, and are written about all over - work anymore."

In the following interview, Joe and Chris plunge into "dark pools" and other poorly-understood elements of our now-machine-dominated financial exchanges. The current system is fraught with risks of further "flash crash"-like disruptions, and at a fundmental level, feels a lot like sanctioned theft by the deep-pocketed institutions who can outspend on technology and speed. This is an important interview for anyone involved in trading (professionally or personally), as well as investors who want to know how today's markets truly operate.

Click here to listen to Chris' interview with Joe Saluzzi.

Read the Transcript of the Podcast

In this podcast, Joe sheds light on why: 

  • The flash crash happened and why our vulnerability to future crashes is even higher now.
  • How the majority of trades that happen on a daily basis are now conducted by machines that have no underlying concern or understanding for the companies who's securities they trade. The market has become volume for the sake of volume - which is not healthy.
  • How the complexity and pace of the current technology driving trades has become so complex that it has effectively evolved beyond our ability to fully understand its risks. 
  • Why the government agencies responsible for understanding and overseeing exchanges are woefully under-resourced and unprepared to be effective in this new era. 
  • How the average trader is destined to lose in today's market, while the big banks & HFT firms who can afford to win the arms race are making essentially-guaranteed profits.

As with our recent interviews with Jim Rogers, Marc Faber and Bill Fleckenstein, Jim ends the interview with his specific advice for the average trader/investor.

Gene Arensberg: Full-blown backwardation in silver

Posted: 05 Feb 2011 02:15 AM PST

10:11a ET Saturday, February 5, 2011

Dear Friend of GATA and Gold (and Silver):

Over at the Got Gold Report, Gene Arensberg is astonished by the tightness in silver. Arensberg writes: "Full-blown backwardation has arrived in the Comex silver futures market. Backwardation suggests that competition for whatever metal is available is heavy, and most analysts consider silver backwardation to be a decidedly bullish condition." Arensberg's commentary is headlined "Near Zero Contango in Comex Silver Futures" and you can find it at the Got Gold Report's Internet site here:

http://www.gotgoldreport.com/2011/02/near-zero-contango-in-comex-silver-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


ADVERTISEMENT

Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit, Extending the Mineralization of the Southwest Vein on the Property

Company Press Release, October 27, 2010

VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:

-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.

-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.

-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.

Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.

"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."

For the company's full press release, please visit:

http://sonaresources.com/_resources/news/SONA_NR19_2010.pdf

Join GATA here:

Phoenix Investment Conference and Silver Summit
Renaissance Glendale Hotel and Spa
Friday-Saturday, February 18-19, 2011
Glendale, Arizona

http://cambridgehouse3.com/conference-details/phoenix-investment-confere...

Support GATA by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

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:

http://www.goldrush21.com/

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16


ADVERTISEMENT

Prophecy Resource Spins Off Platinum/Palladium Venture:
World-Class PGM Deposit in Yukon

Company Press Release, January 18, 2011

VANCOUVER, British Columbia -- Prophecy Resource Corp. (TSX-V:PCY)and Pacific Coast Nickel Corp. announce that they have agreed that PCNC will acquire Prophecy's Nickel PGM projects by issuing common shares to Prophecy.

PCNC will acquire the Wellgreen PGM Ni-Cu and Lynn Lake nickel projects in the Yukon Territory and Manitoba respectively by issuing up to 550 million common shares of PCNC to Prophecy. PCNC has 55.7 million shares outstanding.

Following the transaction:

-- Prophecy will own approximately 90 percent of PCNC.

-- PCNC will consolidate its share capital on a 10 old for one new basis.

-- Prophecy will change its name to Prophecy Coal Corp. and PCNC will be renamed Prophecy Platinum Corp.

-- Prophecy intends to distribute half of its PCNC shares to shareholders pro-rata in accordance with their holdings.

Based on the closing price of the common shares of PCNC on January 17, $0.195 per share, the gross value of the transaction is $107,250,000.

For the complete announcement, please visit:

http://prophecyresource.com/news_2011_jan18.php


Near Zero Contango in COMEX Silver Futures

Posted: 05 Feb 2011 01:51 AM PST

We are in the process of pouring over the data from this week, and just below is something we are going to be hearing a lot more about in the coming days and weeks. As of Friday, February 4, 2011 there was near zero contango in the COMEX silver futures market. More in a moment, but first, here is this week's closing table. ...


Newmont Buys Out Fronteer, What’s Next In The Gold Mining Sector?

Posted: 04 Feb 2011 09:37 PM PST

Even though January 2011 brought a lot of profit-taking to mining stocks and precious metals, the leadership of Newmont (NEM) has used this pullback in prices to purchase one of my long-term favorite recommendations, Fronteer Gold (FRG). I believed Fronteer was a great candidate for a takeout. Newmont has gone straight ahead believing in Fronteer’s three major projects in Nevada and buying Fronteer out for a 37% premium.  Newmont believes that the gold prices is moving much higher and they are using their large cash position to find growth.  It is much cheaper to buy a quality asset rather than go out and find it yourself. 


Ben Davies on King World News

Posted: 04 Feb 2011 08:36 PM PST

Eric King interviews Ben Davies MK: Davies makes lots of great points in this interview. One of the key points is that recent Gold and Silver withdrawals of bullion from ETF’s – GLD and SLV – is being relocated to vaults. The ETF’s have potential problems with counter party and regulatory risks that can be [...]


James Turk - Silver Shortage & Backwardation, Gold Set to Soar

Posted: 04 Feb 2011 08:30 PM PST

With gold and silver looking poised for the next leg to the upside, King World News interviewed James Turk out of Spain. When asked about silver specifically Turk commented, "Silver is still in backwardation...and that backwardation is an indication of how tight silver is...Silver is starting to lead and this is the kind of thing you want to see when the precious metals are ready to start another leg up which is what I think they are about to do."


This posting includes an audio/video/photo media file: Download Now

Almost A Total Dollar Devaluation By The Fed

Posted: 04 Feb 2011 07:00 PM PST

US Soldiers lose home front battle to keep their homes, Europe will deflate, each state with its set of problems, almost a total devaluation by the Fed, slanted stats cover up losses, IMF worries for the future.
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)