Gold World News Flash |
- International Forecaster October 2011 (#7) - Gold, Silver, Economy + More
- Where in the world is the gold?
- TSA Now Searching For Silver And Gold!
- An Insightful Martin Armstrong Interview
- In The News Today
- Might Silver?s Current Chart Similarity with 2008 Be Implying What?s About to Happen to Rest of Market?
- Michael Pento - Destructive Fed Policies Put Floor in Gold Price
- US money supply
- The Five Myths of Silver Investing
- The Myth of Over-Regulation
- [OTE128] On the Edge with Ed Harrison
- Heading Into The Holiday Season, The US Consumer Is Worse Off Than Last Year
- Guest Post: Wealth Inequality In America, Understanding The Source
- Weekly metals review and Davies, Embry interviews at King World News
- The Risks Involved in Investing Today
- Bicyclemark at #OccupyAmsterdam
- Jeff Christian now just makes it up as he goes along
- [TaM-1221] The Truth About Packing Your Bags for Libya – 22 October 2011
- What’s Going On With Gold?
- Giant banks are incredibly destructive for the economy.
- ‘Occupy London’ start camp in Finsbury Square
- NIA Exposes Occupy Wall Street Truth
- Group(con) scam readiers public defrauding
- “I kind of like the Russian approach, the Russians have been very candid and said, ‘We buy gold every month.’
- Keiser Report Turns 200!! And We’re Occupying the World with GIABO, Art & Max’s Bowtie!
- Reuters: Is Bank of America preparing for a Chapter 11?
- This Past Week in Gold
- Occupy Sydney Day 8 – Steve Keen
| International Forecaster October 2011 (#7) - Gold, Silver, Economy + More Posted: 23 Oct 2011 04:01 AM PDT After three years banks are still working on a mortgage plan as 22.5% of existing mortgages remain underwater. Banks are sitting on $700 billion of home equity loans and seconds at original values, not market value. This refusal needless to say totally distorts their balance sheets.
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| Where in the world is the gold? Posted: 23 Oct 2011 04:00 AM PDT CMRE President Elizabeth Currier chose the title of my remarks -- "Where in the World Is the Gold?" -- and I didn't argue with her, but if I knew where the gold was, they'd have to kill me. And if I knew and told you before they got to me, you'd all have a big problem too.
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| TSA Now Searching For Silver And Gold! Posted: 22 Oct 2011 07:00 PM PDT The TSA has been know to download the contents of flyers laptops and smartphones and to take cash. Now the search and question flyers who have at little as 8 coins. This is totally out side of the law, and amounts to a internal customs check point and is the real reason The TSA was set up. This is a federal power grab!
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| An Insightful Martin Armstrong Interview Posted: 22 Oct 2011 05:02 PM PDT The following interview gave some great insight to how Martin Armstrong thinks.
Gold
va gold standard didn't help in the 30′s and wouldn't help now, in the 30′s gold was revalued from about $20 to $35/oz
See full interview here.
This posting includes an audio/video/photo media file: Download Now |
| Posted: 22 Oct 2011 04:55 PM PDT
Jim Sinclair's Commentary Euroland has never looked less able to manage themselves than they do tonight. The single currency is close to collapse With Europe on the brink of a disaster, the euro must be reconstituted as an entity based on economic reality, not ideological folly. By Telegraph View 7:49PM BST 21 Continue reading In The News Today
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| Posted: 22 Oct 2011 04:19 PM PDT A look at the chart for SLV from September 2007 to* August 2008 (11 months) and*from November 2010 to October 2011 (11 months) is remarkably similar – almost identical in fact. Therefore, if silver continues to trace out a similar path to what transpired in 2008, what are the possible implications for stocks, bonds, currencies, commodities, and precious metals? Take a look at the following 19*charts for some possible outcomes. Words: 731 So says Chris Ciovacco ([url]www.ciovaccocapital.com[/url])**in an article* which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has further edited ([ ]), abridged (…) and reformatted below*for the sake of clarity and brevity to ensure a fast and easy read. The author's views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. Ciovacco...
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| Michael Pento - Destructive Fed Policies Put Floor in Gold Price Posted: 22 Oct 2011 04:01 PM PDT  With continued volatility in the gold market, today Michael Pento, of Pento Portfolio Strategies, writes for KWN and explains why it will be tough for the gold bears going forward. Pento begins with his take on the Misery Index and what the Fed is up to: "Even though the Misery Index in the U.S. has now hit a 28-year high, the Fed is mulling over new ideas on how to create yet more inflation. The Misery Index—which is simply the sum of the unemployment plus the rate of consumer price inflation--rose to 13.0."
This posting includes an audio/video/photo media file: Download Now |
| Posted: 22 Oct 2011 03:30 PM PDT The following article is posted at GoldMoney, here US money supply growing fast2011-OCT-22 The reason for using TMS is simple. According to the Ludwig von Mises Institute, it represents the amount of money in the economy available for exchange. Furthermore, it is designed to clearly show any expansion that results solely from central bank injections of cash and commercial banks' credit creation, by excluding anything that has to be converted into cash first, such as credit and money market funds. It is therefore a pure measure of money in the economy available to be used for transactions, more pure than official MZM, M0 or any other central bank "M" measures. In economic theory this is important, because money is simply a commodity that happens to be used exclusively as a medium of exchange. And as a commodity, its value ultimately depends on its supply and the demand for it. By using TMS we keep the relationship between actual money and prices pure from other arguable factors. The growth in US dollar TMS over the long-term is shown in the chart below. From this chart it can be seen that following a pause in its long-term trend at the time of the 2007-08 financial crisis, TMS has been growing strongly ever since.  The bulk of the growth has been in check deposits (customer current accounts) and savings deposits (instant access accounts) at the banks. Some commentators point out that this reflects cash not being spent and cash representing risk-averse hoarding. But this opinion ignores the fact that the cash is being used, because the banks have lent it to the government, and the government is distributing it into the economy. So this cash does amount to extra supply of money, which will be gradually reflected in a fall in its purchasing power. Given that the acceleration in TMS dates back to 2009, we are already seeing this, with ShadowStats.com, which applies an unbiased statistical rigour to key statistics, estimating actual inflation to be running considerably higher than official estimates. The other aspects (other than of money that is) of the pricing effects of supply-and-demand is the variability of demand for individual goods. And here, the picture – as always – is uneven. Welfare, defence and healthcare spending by government maintain demand for energy, food, defence and healthcare-related items. Banking and related financial services are also doing well, despite balance sheet problems, as they are closest to the source of the new money (in this case, the Federal Reserve). Much of the rest, as business surveys and unemployment statistics confirm, is patchy at best. So there are identifiable winners and losers in pricing, and the expansion of TMS is feeding through to those goods, demand for which is supported by government spending. With this monetary background, it is likely that the big headache for 2012 will be persistent and rising price inflation for the US and other economies tied to the dollar. So we can expect stagflation to be in everyone's vocabulary in the New Year, which will inevitably lead to pressure for interest rates to rise sooner rather than later. Tags: central banks, dollar, Fed, inflation, USA23 October 2011 Alasdair Macleod macleod@financeandeconomics.org www.financeandeconomics.org 
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| The Five Myths of Silver Investing Posted: 22 Oct 2011 11:14 AM PDT by Ryan Jordan, financialsense.com: Oftentimes perception, and not reality, rules the day with the thousands or millions of speculators placing short term bets with assets like silver. These perceptions are particularly strong given that paper players in the silver market often control the price in the short term (6-8 months), since there is so much more paper silver than physical metal out there. As I write this, we are seeing the unwinding of quite a bit of speculative, paper activity at the COMEX, with open interest numbers (meaning the number of players in the casino) lowering to levels just above where they were in the fall of 2008 (when silver was below 10 dollars). The price of silver has fallen, but as far as I'm concerned, there is no fundamental reason for silver to be so cheap. Instead silver fundamentals are badly overshadowed by misconceptions (or outright lies) about silver. Here are five common myths about silver that I bet many speculators still believe are true: Read More @ FinancialSense.com
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| Posted: 22 Oct 2011 10:45 AM PDT by Jeff Nielson, Bullion Bulls Canada:
Perhaps the worst crime committed by the corporate Oligarchs who now dominate our lives was their successful efforts to rewrite much of "history", and then use the mythology they created to brainwash us. The two most insidious and damaging of the myths they created were that unionization was bad for economies and that regulation was bad for economies. The facts are quite clear here, however. The 1960's marked the absolute zenith in the Western world for both unionization and regulation. Consequently, the 1960's also represented the all-time peak in our standard of living, and the all-time peak in the prosperity of our economies. Since that time (and during the rise of the Oligarchs), they have pursued two goals with ruthless tenacity: union genocide and the abolition of all "regulation". Consequently, over the past 40 years we have seen our standard of living plummet across the Western world, while our ever more anemic economies drowned themselves in debt. This particular piece will focus on the irreparable economic damage which the Oligarchs have caused with their myth of "over-regulation" – and the era of deregulation they spawned. Read More @ BullionBullsCanada.com
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| [OTE128] On the Edge with Ed Harrison Posted: 22 Oct 2011 10:27 AM PDT We interview Ed Harrison of Credit Writedowns about the Greek debt crisis and about the bond market. Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
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| Heading Into The Holiday Season, The US Consumer Is Worse Off Than Last Year Posted: 22 Oct 2011 10:25 AM PDT As so often happens, one of the biggest surprises of the recent period of broad economic weakness, has been the American consumer, who always somehow manages to come through (or so the official econometric authorities make us believe) and cross a chasm of economic stagnation with shopping bags full of stuff. But while the "consumer" (or his department of truth proxy) has sourced the US economic dynamo in the past several months as Europe imploded, and thus served as a supporting brace for the latest incarnation of the US decoupling thesis (where not just Europe, but also the economies of Japan and China have been deteriorating rapidly), the reality is that unless European problems are promptly fixed (which they won't be) the last ditch global economic support pillar, the US consumer, is about to roll over, because as Bank of America explains, "heading into the holiday shopping season; most [consumer statistics] measures are no better than they were last year. In fact, many are worse." And in what may be news to JP Morgan, "With home prices continuing to decline, a wealth driven consumption binge looks unlikely." In other words, while for now the bottom had managed not to fall off the global economy as the tapped out US consumer spent their last dollar to avoid a worldwide re-depression, if European problems are not rapidly resolved, and by that we mean well before the Thanksgiving sales begin, not even "record" corporate profits (which incidentally are rolling over and are purely at the expense of consumption capacity), will do much to prevent the market from finally catching up to reality. Bank of America explains further:
And if there is one thing that is absolutely certain this year, in addition to death and taxes, is that if there is something that congress and the senate can disagree on, it is everything. Kiss any fiscal stimulus extensions goodbye into 2012.
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| Guest Post: Wealth Inequality In America, Understanding The Source Posted: 22 Oct 2011 09:52 AM PDT Submitted by Arkady of The Right Condition Wealth Inequality In America, Understanding The Source With the OWS movement leaving many Americans confused as to whether they should support or stay away, one thing is for certain, Americans are aware of a certain truth that is happening in our country. We have a certain combination of events that is leaving many people struggling and asking very good questions. The truth is this; We have structurally high unemployment, salaries are stagnant, debt burdens are rising, costs for education, health and energy are on the rise and we are increasingly overwhelmed with clear and present danger coming from every corner of the earth. To make matters worse the ruling elite of this country and the very wealthy are continuing to benefit while the remainder of the population struggles. This is the appeal of the OWS movement despite the fact that the members making up the movement are advocating entirely unappealing solutions in the form of wealth distribution, punishing success and other hard left ideologies. Of course in a country where American Idol and the Jersey Shore are better known than who currently runs the Federal Reserve it is hardly a wonder that cries for Socialism just sound appealing. To further exacerbate the overall ignorance of the populace our education system and emphasis on history and economics appear to be tilted in the direction that highlight correlation and anecdotal evidence rather that fundamentals. I understand it does not behoove me to openly ostracize a large segment of the population, but until we address core understanding of our economy and core principles of what makes our society tick then the partisan rifts will continue. So let us tackle this "explanation" of inequality which is now being circulated on the internet and shared on Facebook with proud posters feeling rather enlightened about their "discovery". Unfortunately the explanations are nothing more than illusory and are further fueling the partisan divide and the protests against the "haves" of the society. The explanations either blame capitalism or Congressional policy favoring the rich. Consider for example: Plutocracy Reborn by Business Insider which attempts to convince the readers that it is our policy that is causing another Great Depression in America. Without digging deeper than the surface they present for most people what appears to be a very convincing argument as to why the current Congressional taxation policy has created our wealth gap. Another example: It's the inequality, stupid by Mother Jones showing a combination of pretty charts, graphs and bubbles that all attempt to convince the reader that the policies of America are entirely responsible for all the inequality in this country. Too bad both sources are wrong. They are showing the effect, without any explanation. It is easy to scratch the surface, notice a correlation and run with it. So stick with me for a little bit and I will show you the simple truth. Yes, we have inequality, but this inequality is neither driven by the free market nor by tax policy. I have taken the plutocracy picture and placed two graphs under it:  What you are looking at: Top - Average income and the uncanny relationships between inequality and economic calamity. I have also added green and red lines that clearly demonstrate the relationship between the amount of money in the system and income inequality. Unfortunately we only have interest rate data going back to 1954, so the monetary base will have to suffice for the earlier years and while this comparison is not exact - the idea is the same, price of money. If you treat money as a commodity, which it should be, then like any commodity there is a price. We can measure the price of money by either looking at its value as it relates to other money (Euro vs Dollar) or its purchasing power or the rate of interest. Interest rates are always a measure of how valuable money is at any given time. If money is scarce then the interest rate is higher, if money is widely available then interest is lower. Right? Good. As you can plainly see our centrally planned authorities dictate the price of the most vital and precious aspect of our economy, our money. When these authorities incorrectly price our money we develop massive distortions. Why does this happen? Because money is priced through the banking system. That is, the quantity of money increases (when rates are low) through the banking system first and then into the general economy later. Therefore banks benefit first and foremost as they are the recipients of newly created money, while the rest of us poor shmucks see this increase in money through price increases. If you think about it, provided production capacity remains the same then the price of all goods invariable increase *if* the supply of money goes up. Yes? So what does that look like?  Observe the massive price increase that began to occur around the 1970s. There were two things that happened in the past 40 years that contributed to this jump. 1) 1971: End of Bretton Woods and the US Dollar disconnecting from any material store of value (gold). Are there other effects of cheap money other than price increases? Yes, salaries tend to go up.  Unfortunately the rate of salary increases does not keep up with the rate of price increases. You can tell in fact that at the moment of the writing real income is now lower than it was before the recession of 2008, yet price increases are at their highest! Why does that matter? Because of the following:  Rise in prices affect the lower income families the most. It is useful to look at the expenditure ratio of things like gas and food because these items are required for survival. You need food and energy in order to produce and build capital. Without capital there is no wealth. Visually the picture is starting to coalesce. The lower income families are having a harder and harder time building capital because they are spending at least half of their entire income on survival! The bad news does not stop there unfortunately because the price of money causes yet another distortion. It forces people to move potential capital into acquiring tangible goods instead of actually saving the money for more prudent purchases or investments. This is the sad state of our society over the past 30 years:  As money becomes cheaper and more plentiful the rate of savings declined with it. This was happening DESPITE the fact that prices for all items were going up. Essentially this means that Americans were spending more and more, but getting less and less for it while diminishing their capital formation (wealth). You could argue for instance that purchasing items can be translated into wealth, but that is only true to a limited extent. Most items that you buy depreciate and this is is precisely why gold was always used a store of value, it never depreciated. Housing was another popular item for storing wealth, but houses also depreciate and the past few years demonstrated just how sharply prices can decline in what appears to be a traditional "store of value". So what is the conclusion here? In order for more and more Americans to participate in the American dream, there needs to be an accumulation of wealth. Wealth is accumulated through capital formation or more simply put, saving money. Saving money is effective only when the savers are guaranteed that the money saved provides the same purchasing power before the saving, as it does after the saving. In a climate where the amount of money is constantly expanded the saver gets no such guarantee. Incidentally, people chasing stocks, houses and other risky mechanisms for capital formation are doing so precisely to mitigate the hardship of saving in the western world. In order for money to be saved there must be excess income generated after the staples have been purchased. As we saw up above, due to massive price increases due to money expansion the amount of disposable income is constantly getting reduced. The days where a man could provide for his family and send kids through college are long gone, price increase cause this and nothing else. The last consequence of cheap monetary policy, credit. Because money is cheap, debt is spurred. Therefore people can much more easily accumulate debt because the interest paid on this debt is "negligible". So not only are Americans not saving, but they are spending more and more on goods that they technically should be buying. Whether that is electronics, cars or houses matters not. As you can see, the appetite for consumption has steadily increased:  Credit expansion causing housing bubbles is nothing new, consider for example the Florida housing bubble of the 1920s. Unfortunately when large portions of income are spent on survival items, savings are destroyed and debt obligations rise - you are left with nothing, hell, nothing would be preferable to the mountains of debt that people have accumulated. This is the source of our income inequality, this is what happens when the free market and capitalism are replaced with central planners and cronyism. This is our America. Now what will you do to change it?
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| Weekly metals review and Davies, Embry interviews at King World News Posted: 22 Oct 2011 09:21 AM PDT 5:21p ET Saturday, October 22, 2011 Dear Friend of GATA and Gold (and Silver): "Consolidation" is the word from both Bill Haynes of CMI Gold and Silver and futures market analyst Dan Norcini in their weekly review of the precious metals markets at King World News: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/22_... Meanwhile, full audio of the recent King World News interview with Hinde Capital CEO Ben Davies can be heard here: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/22_... And full audio of the recent King World News interview with Sprott Asset Management's John Embry can be heard here: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/22_... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Golden Phoenix Signs Definitive Agreement to Acquire and Reopen Santa Rosa Gold Mine in Panama Company Press Release SPARKS, Nevada -- Golden Phoenix Minerals Inc. (OTC Bulletin Board: GPXM) has signed a definitive agreement to acquire a 60 percent interest, with an option to buy an additional 20 percent interest, in the Santa Rosa gold mine in Panama, now owned by Silver Global S.A., a Panamanian corporation. Santa Rosa produced more than 100,000 ounces of gold from 1996 to 1998 before being closed in part to low gold prices, which are now more than five times higher. Golden Phoenix intends to acquire its initial 60 percent interest in Santa Rosa by acquiring 60 percent of the share capital of a recently created company under the name Golden Phoenix Panama S.A., formed to hold and operate the mine. Tom Klein, CEO of Golden Phoenix says: "The agreement establishes a solid framework from which we can advance Mina Santa Rosa to production-ready status." For Golden Phoenix's complete statement, please visit: http://goldenphoenix.us/press-release/golden-phoenix-signs-definitive-ac... Join GATA here: New Orleans Investment Conference http://www.neworleansconference.com/ Support GATA by purchasing gold and silver commemorative coins: https://www.amsterdamgold.eu/gata/index.asp?BiD=12 Or by purchasing a colorful GATA T-shirt: 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 For Continuous Wealth Creation, the Hera Research Newsletter The life cycles of companies that produce natural resources allow investors to allocate assets among companies at different stages of development and to profit from transitions between stages. Based on natural resource company life cycles, the Hera Research Newsletter maximizes profits through deep, fundamental analysis at each stage of development and by moving gains back to earlier-stage companies in a continuous wealth-creation process. Hera Research covers a pipeline of high-quality natural resource companies at different stages of development. The companies span discovery and production of gold, silver, and platinum group metals, select base metals, oil and gas, green energy, agriculture, rare earth elements, uranium, and more. Discover the unique value of the Hera Research Newsletter by visiting: http://www.heraresearch.com/newsletter.html Or call Ron Hera at 360-339-8541x101.
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| The Risks Involved in Investing Today Posted: 22 Oct 2011 09:18 AM PDT Money market funds are no longer guaranteed, yet it is clear that mutual fund companies and portfolio managers believe that the feds will step in once again and bail them out if another financial collapse is imminent. Read More...
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| Bicyclemark at #OccupyAmsterdam Posted: 22 Oct 2011 09:13 AM PDT Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
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| Jeff Christian now just makes it up as he goes along Posted: 22 Oct 2011 06:46 AM PDT 2:46p ET Saturday, October 22, 2011 Dear Friend of GATA and Gold: Debating GATA Chairman Bill Murphy yesterday at the Silver Summit in Spokane, Washington, CPM Group executive Jeffrey Christian graduated from his usual distortions to outright contrivance. The subject was one of the cables from the U.S. embassy in Beijing, China, to the State Department in Washington that were disclosed recently by the Wikileaks organization. Murphy characterized the cable as signifying the Chinese government's awareness of the Western central bank gold price suppression scheme. Christian disputed that. He replied: "What the cable said was the Chinese government asked for information related to allegations that they'd heard in the market from GATA about that, and what would the U.S. government say in response to those allegations? It didn't say that the Chinese government believed it. ... That's typical of taking a piece of information and twisting it and dropping off a couple of important words and making it fit your theory as opposed to the reality." In fact the cable, quoting commentary published in a Chinese government newspaper, Shijie Xinwenbao (World News Journal), on April 28, 2009, said nothing at all about allegations heard from GATA and made no inquiry of the U.S. government. Rather, the commentary quoted in the cable was exactly as Murphy characterized it: a flat-out assertion of gold price suppression. GATA didn't "twist" it or "drop off a couple of important words." Here is the text of the quotation in the cable: "According to China's National Foreign Exchanges Administration, China's gold reserves have recently increased. Currently, the majority of its gold reserves have been located in the United States and European countries. The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold's function as an international reserve currency. They don't want to see other countries turning to gold reserves instead of the U.S. dollar or euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries toward reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the renminbi." The cable can be found here: http://cables.mrkva.eu/cable.php?id=204405 And here: http://www.gata.org/files/USEmbassyBeijingCable-04-28-2009.txt The exchange about the cable during the debate at the Silver Summit begins at 15:40 in the video at Kitco here: http://www.kitco.com/falltour2011/debate.html During the debate Christian also sought to misrepresent Barrick Gold's motion to dismiss the federal anti-trust lawsuit brought against it by Blanchard Coin and Bullion, a motion in which Barrick sought to claim for itself the sovereign immunity of central banks against lawsuit. Indeed, for some time now Christian has been promoting a package of misrepresentations and distortions about some of the gold price suppression evidence collected by GATA, misrepresentations and distortions GATA answered in detail a year and a half ago here: The guy isn't just misrepresenting and distorting now; he's making stuff up from scratch. But maybe we're lucky that this is the best the other side can do on the rare occasions when it comes out to answer for itself. CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT For Continuous Wealth Creation, the Hera Research Newsletter The life cycles of companies that produce natural resources allow investors to allocate assets among companies at different stages of development and to profit from transitions between stages. Based on natural resource company life cycles, the Hera Research Newsletter maximizes profits through deep, fundamental analysis at each stage of development and by moving gains back to earlier-stage companies in a continuous wealth-creation process. Hera Research covers a pipeline of high-quality natural resource companies at different stages of development. The companies span discovery and production of gold, silver, and platinum group metals, select base metals, oil and gas, green energy, agriculture, rare earth elements, uranium, and more. Discover the unique value of the Hera Research Newsletter by visiting: http://www.heraresearch.com/newsletter.html Or call Ron Hera at 360-339-8541x101. Join GATA here: New Orleans Investment Conference http://www.neworleansconference.com/ Support GATA by purchasing gold and silver commemorative coins: https://www.amsterdamgold.eu/gata/index.asp?BiD=12 Or by purchasing a colorful GATA T-shirt: 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 Golden Phoenix Signs Definitive Agreement to Acquire and Reopen Santa Rosa Gold Mine in Panama Company Press Release SPARKS, Nevada -- Golden Phoenix Minerals Inc. (OTC Bulletin Board: GPXM) has signed a definitive agreement to acquire a 60 percent interest, with an option to buy an additional 20 percent interest, in the Santa Rosa gold mine in Panama, now owned by Silver Global S.A., a Panamanian corporation. Santa Rosa produced more than 100,000 ounces of gold from 1996 to 1998 before being closed in part to low gold prices, which are now more than five times higher. Golden Phoenix intends to acquire its initial 60 percent interest in Santa Rosa by acquiring 60 percent of the share capital of a recently created company under the name Golden Phoenix Panama S.A., formed to hold and operate the mine. Tom Klein, CEO of Golden Phoenix says: "The agreement establishes a solid framework from which we can advance Mina Santa Rosa to production-ready status." For Golden Phoenix's complete statement, please visit: http://goldenphoenix.us/press-release/golden-phoenix-signs-definitive-ac...
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| [TaM-1221] The Truth About Packing Your Bags for Libya – 22 October 2011 Posted: 22 Oct 2011 06:07 AM PDT Download show here For more download & listening options, visit Archive dot org Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
This posting includes an audio/video/photo media file: Download Now |
| Posted: 22 Oct 2011 05:48 AM PDT After a four-day losing streak, gold prices finally broke to the upside as the US dollar weakened. Early Friday morning, gold futures for December delivery gained $37 to reach $1,650. Meanwhile, silver futures climbed more than $1 to hit $31.50. Not only has Europe been keeping equities on edge, but also precious metals. Massive sovereign debts, along with a constant flow of conflicting headlines, have given the US dollar some newfound strength. This recent strength has been one of the factors weighing on gold and silver prices.
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| Giant banks are incredibly destructive for the economy. Posted: 22 Oct 2011 05:42 AM PDT The Only Way to Save the Economy: Break Up the Giant, Insolvent Banks Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
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| ‘Occupy London’ start camp in Finsbury Square Posted: 22 Oct 2011 05:28 AM PDT About 30 tents have been put up in Finsbury Square in London’s business district. Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
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| NIA Exposes Occupy Wall Street Truth Posted: 22 Oct 2011 05:17 AM PDT [Ed. Note: While the NIA has been exposed for running penny-stock "pump & dump" schemes, they still produce some well-written, intelligent articles. If, like us, you do read their articles, don't forget to ignore their investment advice.] from Inflation.us: The Occupy Wall Street movement is gaining tons of momentum and is likely to continue picking up steam in the weeks and months ahead. Americans are angry but they aren't exactly sure what they are angry about and they don't know for sure who they should be angry with. It is easy for them to point their fingers at Wall Street, but Wall Street is in no way responsible for the financial crisis our country has today. NIA believes that Occupy Wall Street protesters need to be educated to the facts and truth about the U.S. economy and what is truly causing our economic problems. NIA is getting ready to release 'Occupy Wall Street the Documentary', which NIA has produced so that Occupy Wall Street protesters can understand exactly what changes need to be made in America if our country is going to survive the Hyperinflationary Great Depression that will soon hit America and steal all remaining purchasing power that the U.S. dollar still has left.
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| Group(con) scam readiers public defrauding Posted: 22 Oct 2011 05:16 AM PDT The Groupon IPO Explained – A Capital Markets Satire Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
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| Posted: 22 Oct 2011 04:56 AM PDT Jim Rickards – Western Gold Policy Threat to National Security Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
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| Keiser Report Turns 200!! And We’re Occupying the World with GIABO, Art & Max’s Bowtie! Posted: 22 Oct 2011 04:54 AM PDT Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
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| Reuters: Is Bank of America preparing for a Chapter 11? Posted: 22 Oct 2011 04:43 AM PDT Most recently Bank America drew attention to itself by disclosing that it had moved all of the derivatives footings from its Merrill Lynch subsidiary to the lead bank, Bank of America N.A. Don't be fooled by GLD or SLV. Only … Continue reading
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| Posted: 22 Oct 2011 04:37 AM PDT Summary: Long term - on major buy signal. Short term - on mixed signals. Our modest position was stopped out with a small loss this week, and we shall wait for new signals and set ups as long as gold sector remains on long term buy signal ... Read More...
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| Occupy Sydney Day 8 – Steve Keen Posted: 22 Oct 2011 04:23 AM PDT Don't be fooled by GLD or SLV. Only GoldMoney offers real bullion allocated in your name.
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