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- Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 2% on the Week
- Big Markets Refuse to Discount ‘The Abyss’
- 'Enormous Consolidation' Expected In Gold Mining In 2012
- Why Proposals That Italy Should Sell Its Gold Are Ridiculous
- LISTEN: Ted Butler – Criminal Silver Manipulation
- Unbelievable: Statist CNN calls Ron Paul "economically illiterate"
- Top strategist Ritholtz: Euro crisis could cause stocks to "grind up"
- Are Gold And Silver Being Unwittingly Cornered?
- MAP4 is available! To anticipate is to foresee in order to act, by Marie-Hélène Caillol (+ contents)
- Price Irregularities in the Silver Market
- Interview with Charles Savoie
- MAP4 est disponible! Anticiper, c'est prévoir pour agir, par Marie-Hélène Caillol (+ Sommaire)
- 56 Minutes: Doug Casey talks to James Turk
- Swiss Adopt GATA View of Imaginary ‘Paper Gold’
- Indians Flee to Gold and Silver
- Traders Bullish on Gold Price
- Peter Morici : Is Italy Next to Fail and Will Gold Go to $3,000 an Ounce?
- WATCH: Rickards & Grant – Fed, Economy, and GOLD
- Austin Report – Bursting Bubbles
- Gold and Silver Withstand Raid
- Why Are European Politicians Arguing Over Central Bank Gold
- Fund manager Eveillard muses on government punishment of gold owners
- Fake Silver and Gold Flood Global Markets
- LISTEN: Interview with Simon Black of SovereignMan
- Gold Stocks Are Cheap – Dirt Cheap
- LISTEN: Peter Schiff talks with Chris Waltzek
- LISTEN: Interview with Chris Duane
- Our Outrageous Congress
- Financial War Games: Jim Rickards/James Grant on Fed Policy and the Gold Standard
- Gold Stocks are dirt cheap
| Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 2% on the Week Posted: 11 Nov 2011 07:15 AM PST Gold saw slight gains in Asia and London, but it then accelerated higher in New York and ended near its early afternoon high of $1788.65 with a gain of 1.6%. Silver rose to as high as $34.826 and ended with a gain of 1.88%. |
| Big Markets Refuse to Discount ‘The Abyss’ Posted: 11 Nov 2011 07:15 AM PST HOUSTON – From the Chart Book. We keep hearing a recurring echo of something our friend and savvy investment Guru, Rick Rule (Global Resource Investments, now a proud part of the Sprott Asset Management group) said in his presentation to a gathering at the New Orleans Investment Conference. "I think we are going to continue to see enormous volatility for a long time," he said soberly. "Volatility on steroids." This, with the notion that very violent volatility is to many if not most investors the equivalent of kryptonite to Superman. Continued…
Hyper volatility is not a sign of a healthy, positive liquidity environment (PLE), and it takes a heavy toll on ordinary traders and investors – extreme volatility unnerves them. The current environment might be fabulous for techno traders and high frequency front-runners, but for the average Joe it is a source of worry and angst. While we are in such a mental sausage grinder the natural thing to expect is even lower liquidity, less capital coming into the markets, not more, right? If that is true, then how can we explain the Big Markets actually breaking out to the upside out of the fear and panic summer consolidation in the short-term SPX graph above? We find ourselves nodding in agreement when someone tells us that the volatility is still very high, but isn't that supposed to be bad for stocks? Well, is that just a short-term graph trick? Short term graphs can distort perceptions, that's true, so let's look at a longer term version.
How about that? There is a full-blown crisis underway, right? In Europe, and here in the U.S. – kind of like an "all debt all the time" Shadenfreude radio station without commercial interruption. And yet, despite the best efforts of the cable news networks to gin up a high-ratings collapse of western civilization, the persnickety S&P 500 has put in what looks like a higher low in 2011 than in 2010. As our Canadian friends might say, "go figure, eh?" (With the "eh" pronounced like "A"). Certainly this has not been the kind of "collapse" where someone could just park on the short side and become filthy rich on the despair and heartache of others. Short sellers have been cut to ribbons in this particular high volatility event. Just ask them and they will tell you if they are honest. So what's going on here anyway? Well, we would like to believe that the Big Markets are discounting something ahead. Something that we maybe can't quite get our minds wrapped around, but that the actions and positioning – the collective wisdom - of a vast number of players, each operating in their own self-interest, is now positioning for. If we had no access to news and only had the SPX chart above to view to tell us what to expect looking ahead, we would have to conclude that the future is not all that dire at the moment. If it was very dire, shouldn't we be seeing a repeat of the wicked 2008 signature? Heck, we aren't even seeing an echo of the 2008 signature. Go figure, eh? Looking "closer to the barn" as we say here in Texas, all the uncertainty ginned up in the media and embellished by countless thousands of folks in the blogosphere has definitely taken its toll on the smaller, less liquid and more speculative miners and explorers we love to 'game' here at Got Gold Report. We continue to see a lack of buying interest among most of the retail crowd, keeping the pressure on all but the most fortunate of small miners and explorers, like the issues represented by the Canadian Venture Exchange Index or CDNX - the companies we affectionately call "The Little Guys." We know because we track close to 60 of them on charts, about 30 of which we share with our Vultures (Got Gold Report Subscribers) in near real time. Having said that, when we look at the CDNX today, we can point to a possible "V Bottom" forming – right now. Indeed, there are a couple of important technical events possibly unfolding in the chart just below of the Little Guy proxy.
"V Bottoms" are some of the most important and reliable formations in charting and we are waiting now for a higher turning low to pronounce the one attempting to show as "confirmed." V-Bottoms only count, or rather, they are only "reliable" when confirmed with a higher turning low in our rule book. Note also that the CDNX is challenging the "gap" which occurred as the Fed announced Operation Twist and markets reacted harshly at the same time. A gap fill here would not only be impressive, it would send a signal to momentum traders that the CDNX is once again Game On. Depending on what the news is if that happens it could turn the tide, but we are getting ahead of the message… The steep angle of recovery on the CDNX gives us pause, if only because we have come to expect steeply rising moves to be just as steeply corrected since about February. The direction doesn't really matter all that much. Steep jumps and plunges correcting each other are a hallmark of lower liquidity and the higher volatility that goes with it – in the same way that much lower volume is. So until "Joe Average" and "Retail Rhoda" start breathing again and decide it's okay to take a chance on the more risky issues in the resource biz, we are going to still be in a negative liquidity sausage grinder of a market for the Little Guys. That's the same thing as paradise to bargain loving Vultures, but it won't last forever. Help is on the Way? If The Little Guys take their cues from the Big Miners, then perhaps help may yet be on the way. Just below is the AMEX Gold Bugs Index or HUI for reference. (HUI, 14-months, daily) Talk about volatility! But even during the latest very unsettling September/October period the HUI only hinted at a breakdown, it didn't break lower out of its range with any conviction and could not close beneath previous support. And, how about that? We are back once again to challenge known resistance. Let's review the "bidding." So far we have talked about the SPX breaking up and out of the summer fear consolidation despite harsh and very worrisome contemporary news, but on extreme volatility though. We have talked about the smaller miners and explorers possibly putting in a V-Bottom, as yet still unconfirmed, but not in danger of being negated so far and the CDNX is actually challenging an upside gap from below. Then we talked about the HUI back up to challenge its year-long resistance. Does any of that indicate that the world is about to plunge into another 2008-style panic abyss? Answer honestly now, no Nouriel Roubini or Marc Faber influence allowed. Who can say what is about to unfold just ahead? The future hasn't happened yet, so we can't know what it holds. What we can know is that the HUI takes its cues over the long haul from this next chart – gold, more than anything else.
A remarkably steady uptrend, is it not? You know, a monthly chart can be invaluable at times because they weed out almost all the noise of shorter term charts and allow long term trends to show and show well. The long-term trend for gold is obvious. Can anyone say they would be comfortable fading gold in this environment? And if gold's trend continues, shouldn't we also expect and look for the Big Miners to benefit? If the Big Miners were to break out to the upside, finally, shouldn't that be pretty good for The Little Guys? Here at Got Gold Report we do indeed believe that the bull market for gold is strong and in a bull market sooner or later there will come another positive liquidity event (PLE). Where instead of more liquidity leaving a sector there is the opposite. Maybe we cannot expect to see a PLE with so much negative news in real time. Maybe we cannot expect Joe Average and Rhoda Retail to be on the bid when they are constantly bombarded by every conceivable media outlet and their parrots predicting the end of the world as we know it. At some point they will grow weary of that message, especially if the indexes like the ones above continue to "argue" with the Armageddon tone of it. And over time a PLE will come to those patient enough to wait for and position for it. A rising tide PLE lifts all boats and it usually doesn't take all that much of a PLE to supercharge the thinly traded, but promising tiny juniors we 'game' around here. The beauty of highly volatile issues is that volatility is definitely a two-way avenue, given enough time and patience. As a final look into the Chart Book, let's look at the HUI as compared to gold and just let the chart do most of the talking.
How about that? The HUI is up there hanging tough in an otherwise rough market, and darn if it isn't challenging resistance again. Of course we are "pulling" for the HUI to break out and run, but until it does we are likely going to stay in one of the best of the best buying op conditions we have seen for The Little Guys in our 30-year career. We are adding shares in companies at 10% to 25% of what they sold for barely a year ago in this event (in some cases) – so much so that we have dipped into our precious capital reserves to do so. We are in the midst of a 4-for-one to 10-for-one sale of the Guru-chosen junior miners and explorers still for many an issue. … With gold in a sure-enough powerful bull market. Go figure, eh? As measured by just the number of shares (and not by value) we actually hold more shares than we ever have as we head into the holiday season of 2011. We have either gone mad or we are making one heck of a bet on this NLE morphing into a PLE. We don't think it is the former, but time only will tell. The thing is, that even the worst of negative liquidity events end and we know it. We may not get another chance to take positions so bloody cheaply in our Guru-chosen Faves like the one we have enjoyed since August – not once the HUI really gets going. Perhaps the best thing to do at this point, is to put the "port' in "park" and go fishing, before winter gets here in full force and takes some of the fun out of even that. Meanwhile we are going to stay focused on the charts. We think they are telling us the "real story" – not the story of the news today, but of the collective expectations of the market for three, six and nine months hence. *** Vultures look for our chart annotations by the usual time this weekend, by about 18:00 ET on Sunday. Have a good weekend everyone. That is all for now, but there is more to come. |
| 'Enormous Consolidation' Expected In Gold Mining In 2012 Posted: 11 Nov 2011 05:42 AM PST By
Now that we're in November, we're starting to see strong evidence of this beginning to happen. "Massive" Industry Consolidation to Continue According to Global Mining Finance, "Mining M&As accounted for five percent of the Complete Story » |
| Why Proposals That Italy Should Sell Its Gold Are Ridiculous Posted: 11 Nov 2011 04:31 AM PST Many have suggested that Italy should sell its substantial gold reserves in order to pay down some of its debt and avoid a sovereign debt crisis. We view such proposals as ridiculous, due to the magnitude of Italy's debt relative to the value of its gold holdings. However, one proponent of such a transaction is Gunther Krichbaum, a lawmaker in German Chancellor Angela Merkel's governing coalition and also the Chairman of the Committee of the Affairs of the European Union. The German Bundestag has proposed that Italy sell its sizeable gold reserves in order to lower its debt, implying that Italy's gold reserves are relatively high and could be used to pay off its sizeable debt. The same suggestion has been put to Germany in the past and it was met with an emphatic rebuttal. Whilst Italy does have substantial gold holdings and should be commended for not selling these Complete Story » |
| LISTEN: Ted Butler – Criminal Silver Manipulation Posted: 11 Nov 2011 04:25 AM PST from TransferOfWealth: Theodore (Ted) Butler must certainly be the foremost silver analyst of our time. Not only is he a pioneering thinker on the subject of silver, he is also way ahead of the curve with what's happening in the silver market. Many of his ideas are original and new. It's no exaggeration to say that almost everything you see other people write about silver today comes from Ted Butler. Part One Part Two ~TVR |
| Unbelievable: Statist CNN calls Ron Paul "economically illiterate" Posted: 11 Nov 2011 04:18 AM PST From LewRockwell.com: Every 2012 contender attended college. They all graduated. They went to schools like the University of Pennsylvania, Columbia, Texas A&M, Morehouse, Penn State, and Emory. But decades have passed since these Presidential candidates first stepped onto campus as freshmen. Is it time for an Econ 101 refresher course? America's Econ 101 professors say yes. In their view, the candidates continue to offer ideas and policies that wouldn't pass muster in their classes – populated by 18 year-old college students. ... Another professor who teaches at the University of North Carolina at Chapel Hill, Michael Salemi, was able to identify statements from six candidates that "would earn failing grades in my Econ 101 class." Salemi called Ron Paul's rationale for returning to the gold standard "one of the most dangerous ideas put forward by a politician in recent years." -- CNN Money Dominant Social Theme: When it comes to economics, Ron Paul doesn't know what he's talking about. Free-Market Analysis: So here comes Dr. Michael Salemi to defend central banking from Ron Paul. And where does his defense appear? On CNN, of course, the pre-eminent U.S. media mouthpiece for the Anglosphere power elite. The more CNN sinks in the ratings, the more support it gets. It's kind of the anti-news channel in this regard, or perhaps the media's most prominent example of... Read full article... More on Ron Paul: What could really happen if Ron Paul becomes president This is a wonderful sign for Ron Paul's presidential campaign Why Ron Paul could be "the biggest, most consequential" third party candidate in history |
| Top strategist Ritholtz: Euro crisis could cause stocks to "grind up" Posted: 11 Nov 2011 04:17 AM PST From The Big Picture: Markets have been tentatively probing their way along, following Wednesday's 2.5% rout on fears of an Italian collapse and EU breakup. Major indices remain above their key breakout levels -- but just barely: The S&P 500 at 1,239 is a stone's throw from its 1,225 breakout level; The Dow Industrials at 11,893 are above its 11,625 breakout; and Nasdaq at 2,625 is right on the cusp of its prior breakout around 2,620-ish. The prior range was cleared, and now we are forming a thicket in this new range. I have no insight as to how long this can go on for -- a short while, or months. One of the elements that could develop is that the fast part of the run up is over. Fears of a euro contagion could spell the end for Michael Gayed's melt up. Replacing that may be a period best described as a "grind up"... Read full article... More on stocks: These are the "lines in the sand" for stocks right now Big tech stocks could be on the verge of a "monster breakout" This "contrarian" indicator says stocks could have further to fall |
| Are Gold And Silver Being Unwittingly Cornered? Posted: 11 Nov 2011 03:07 AM PST |
| MAP4 is available! To anticipate is to foresee in order to act, by Marie-Hélène Caillol (+ contents) Posted: 11 Nov 2011 02:52 AM PST - Edito MAP4-November2011 -  CONTENTS: EDITO- To anticipate is to foresee in order to act (p.2) / WORLD GOVERNANCE - Advice to the G20 leaders : the G20's three strategic priorities in 2012/2014 to avoid a "tragic decade" (p.4) / NEW GOVERNANCE - Towards a trans- European referendum on the issues of new governance ? (p.9) / USER'S GUIDE - Evaluating the anticipation (p.12) / ANTICIPATION: The "Day After" (the 2012 US Presidential Election) (p.14) / SOCIAL STUDIES - 2012 Emergence of maternal governance (p.20) / FUTURHEBDO- We need you ! (p.26) / FICTION - Isaac Asimov: Foundation et Psychohistory (p.28) Download MAP4 EDITO: The "three tips to the G20 leaders" following this editorial are a perfect illustration of the GEAB slogan "To anticipate is to foresee in order to act." These "three tips" are in fact the result of careful consideration of six years work by LEAP on the global crisis, work that has attracted respect and credibility due only to its quality and relevance unreservedly recognized around the world. In 2009, the significance of this patient anticipation work enabled LEAP to issue, ahead of the London summit, "three tips to the G20 leaders" that received full page coverage in the Financial Times International Edition. Today, it's no longer certain that the Financial Times - or any other major media moreover- is the best base from which to circulate these ideas, or where we want, i.e. at the highest level. Our own network tools (GEAB, Press Reviews, MAP, impromptu internet traffic, etc ...), putting us in contact with hundreds of thousands of people in countries worldwide and in dozens of languages (since, in addition to our own translations in four languages, our publications are regularly the subject of impromptu translations on the internet), are probably more relevant in this regard. All the more so since we have matched the classical circulation of the message to the G20 leaders with a pro-active approach of systematic meetings with the advisors in charge of the next summit in Cannes in the 20 capitals and their embassies in France, especially, of course, those involved in the preparation of the briefing files for the next summit in Cannes. The "three tips" that you will read here have thus circulated at almost decision-making level in the 20 largest countries of the world. The welcome we received during these meetings was most cordial, the discussions arising from them the most open, and the approach which one might have feared as seeming arrogant, was actually well accepted, understood and welcomed. We have been clear on the fact that these tips are not (in fact no longer, because they were in our release in the Financial Times in 2009) so innovative as that. For example, the idea of a basket of currencies to replace the dollar as the sole pillar of the international monetary system is now the subject of statements by this and that decision maker on a regular basis. That said, these ideas have not yet jumped the hurdle of international summits' official proceedings. They are still, from a diplomatic point of view, taboo ideas. The whole of the old system led by the Anglo-Saxons, is buttressed to prevent them being discussed whilst they are central to resolving the current crisis. As long as our leaders won't address these issues at their summits in front of everyone, the crisis will only increase in intensity. Conversely, it would be sufficient to refer to them so that a virtuous circle to resolve the crisis can begin. These three tips, and therefore the work to circulate them to which they are subject, are intended mainly to contribute to the abolition of the tragic taboo that currently blocks all hope of a peaceful and constructive transition, and which is plunging the world into the growing chaos we are now seeing. Unfortunately we didn't really have much hope that the G20 summit in Cannes would be the one which sees things unblocked. With all the energy which has been used to make us believe that the crux of the problem is some European countries' debt; even Nicolas Sarkozy, just days before the start of his 'historic' summit, felt compelled to dramatize the European situation and hammer in the nail on this misinterpretation of the crisis. It didn't bode well for the relevance and usefulness of the discussions taking place on November 3 and 4 in Cannes. But, in leading this work of raising awareness of the real reasons for the crisis, we hope that it gradually makes its way behind the scenes then into the summits' corridors and that soon, it jumps the hurdle of the major news channels, and makes its entry into official discussions. Taking into account the change in much of the G20 leadership in 2012, the window of opportunity is open around the end of 2012/early 2013, during the G20 summit which will bring together the newly elected leadership of the major G20 countries (Russia, China, the USA, France, and probably Italy and Germany...) for the first time. It would suffice then, that prior to the summit, some of them, from the Eurozone and BRICs countries, should make official statements at the same time to that effect, thus forcing this / these question (s) onto the agenda. Don't forget that in politics the word is an act. Download MAP4 |
| Price Irregularities in the Silver Market Posted: 11 Nov 2011 02:42 AM PST Price Irregularities in the Silver Market By: Dimitri Speck | Wed, Nov 9, 2011 Share Print Email Intra-day averages clearly show market intervention You've seen it before, right? Suddenly, the price of gold or silver drops like a rock. For no apparent reason a chunk of its value is lost within minutes. In other markets however, these kinds of rapid declines are extremely rare. Why do these sharp price declines seem to appear out of nowhere? Usually professional investors do their best not to execute large sell orders all at once in order to avoid moving the market so as to conserve profits. Nevertheless, in the precious metals market it seems some market participants are often clumsy, triggering abrupt price drops. The reason however is not clumsiness, but other interest: these players want to influence prices with their selling actions. Since August 5th, 1993, when these sudden price moves began occurring with statistically measurable frequency - a number of financial institutions have intervened systematically against precious metal markets. These actions were introduced under leadership of the U.S. Federal Reserve. There are a number of motives behind it, such as capping inflation expectations or calming markets by signaling stability during times of crisis. Over time the profit interests of private banks with close business ties to the central bank were also a reason. These shock-like price pull backs are a means of pressuring gold and silver prices in order to intimidate and unsettle investors and drive them out of the market. These price declines have been thoroughly analyzed in what is now the single most significant monetary metal market - gold (see www.geheime-goldpolitik.de/english). But what about gold's smaller brother, silver? Let's have a closer look below using what are known as seasonal intra-day charts. These differ fundamentally from charts most of us are accustomed to viewing. While normal intra-day charts depict the path of prices during one day, a seasonal intra-day chart averages the prices of a multitude of days and displays them as a single price path in one chart. This allows you to easily spot typical time-of-day patterns. The following chart shows the average intra-day path of silver over the last 11 years (starting with the availability of intra-day prices for silver). The horizontal axis shows time-of-day (ET), the vertical scale is silver's price (indexed to 1000). This price averaged intra-day chart was calculated on the basis of millions of one-minute price bars.  Chart 1  Chart 2 However both markets demonstrate clustering of price moves that do not necessarily have anything to do with time-of-day. In no way are market interventions uniformly organized, rather activities change over time. There were years in which price shocks were rare (or did not take place often enough at the same time) and thus are not visible in the average course of prices (e.g. 2010). There were also years with preferences for different times of day. In some years price interventions coincided strongly with trading hours at New York's COMEX futures exchange. The following chart exemplifies the average intra-day price of silver in 2002.  Chart 3 On August 5, 1993 systematic intervention in the gold and silver markets began and continue to this day. Shock-like price declines are an important part of these actions. The players prefer certain times of day for price shocks to occur, making them easy to detect in average intra-day charts. The declines in silver are not only due to a correlation with gold. Rather the differences between the average intra-day charts of silver and gold show that there is independent price intervention in the silver market. http://www.safehaven.com/article/232...-silver-market |
| Posted: 11 Nov 2011 02:42 AM PST
In the relatively short number of years in which I have been researching and writing about the silver market, I have benefited greatly from the work (and the wisdom) of a number of "pioneers" to the precious metals sector. With respect to silver in particular, the two people who have done the most to educate me, and shape my views on the silver market are Ted Butler and Charles Savoie. Thus it is with great pleasure that I present this written interview with Charles Savoie. Charles is a private researcher/historian who has invested a considerable amount of time and effort in compiling a vast body of research which he has titled "The Silver Stealers". His chronology originally dealt primarily with events taking place in the 19th and early-20th century. However, he has since updated and expanded upon that initial chronology to include further events (and the individuals behind those events) right up to the present day. He links a relatively small but extremely powerful group of individuals (and often their descendants) together through two common "threads": their propensity for actions which were extremely detrimental to the silver market and/or the holders of silver; and their membership in a little-known organization which they have called "The Pilgrims".
1) What was it which first drew your attention to this particular era and the events which were taking place at that time? Was it your interest in the silver market, or is it your studies of this period which led you to become so bullish toward the silver market? I did a multi-part series called "Britain Against Silver," tallying over 324,000 words, which ran at Silver Investor site, beginning in August 2007. I researched England's activities globally against silver, using as reference resources The Times, London; the New York Times; Commercial & Financial Chronicle; Mining Congress Journal; China Weekly Review and many others. I've been bullish toward the silver market since spring 1965, when as a boy of almost 11 years age I saw the first horrific debased cupronickel coins at a local laundromat. These coins were commingled with the traditional 90% silver coins. I implored my elder sibling who had charge of the excursion to secure as many silver coins as possible but was over-ruled. I realized a major shift was taking place towards a cheapened currency medium, and that sensible persons would immediately hoard as many silver coins as they could afford. 2) What motivated you to undertake "The Silver Stealers"? Apart from precious metals research, I knew something of The Pilgrims organization beginning with reading "Richard Nixon, The Man Behind The Mask," 1971, by Gary Allen, Western Islands Publishers, Boston. On page 223 Allen was speaking of one of Nixon's mentors and financial angels, Elmer Holmes Bobst of Warner-Lambert Pharmaceutical Company and stated---"Bobst is listed as a member of the highly secret Pilgrim Society, which is even closer to the inner circle of the conspiracy than the CFR." That one statement started a fire in my thoughts that never stopped. I had to find out all accessible details of this organization which I possibly could. I spent hundreds of multi-hour sessions reading lengthy Who's Who volumes, this was way before digital version existed. I compiled lists of members. I eventually realized that only 7 to 12% of members listed in Who's Who volumes, identified themselves as members; knowing it would have no meaning to casual readers. 3) As succinctly as possible, who are "The Pilgrims"? It's a two branch organization, the London branch founded in 1902, the New York City branch in 1903. It constituted the organization dreamed about by South African diamond operator Cecil Rhodes in his vision of "a secret society gradually absorbing the wealth of the world." The organization is sponsored by the British Crown and drew into itself heirs of fortunes from the centuries old worldwide British Empire and the prominent North American "robber barons" of the 19th century---Rockefellers; Mellons; DuPonts; Astors; Vanderbilts and many others. Both branches feature roughly 700 unidentified persons each---diplomats, ambassadors, admirals, generals, chairmen of mega-banks and large corporations, corporate and banking directors, trustees of major universities, foundations, research institutions and organizations of every description---and high U.S. and U.K. government officials, and some highly placed Canadians. Members of the organization constitute the leadership of better known globalist groups. Big "rich lists" put out by Fortune and Forbes are very likely misdirections, with persons who should be on those lists not there, and others intentionally ranked far down, with a bare fraction of their wealth visible. |
| MAP4 est disponible! Anticiper, c'est prévoir pour agir, par Marie-Hélène Caillol (+ Sommaire) Posted: 11 Nov 2011 02:38 AM PST - Edito MAP4-Novembre2011 -  SOMMAIRE : EDITO - Anticiper, c'est prévoir pour agir (p.2) / GOUVERNANCE MONDIALE - Conseils aux leaders du G20 : les trois priorités stratégiques du G20 en 2012/2014 pour éviter une "décennie tragique" (p.4) / NOUVELLE GOUVERNANCE - Vers un référendum transeuropéen sur les questions de nouvelle gouvernance ? (p.9) / MODE D'EMPLOI - L'évaluation de l'anticipation (p.12) / ANTICIPATION - Le "Jour d'Après" (les élections présidentielles US en 2012) (p.14) / SOCIOLOGIES - 2012 : Emergence de la gouvernance maternelle (p.20) / FUTURHEBO - We need you ! (p.26) / FICTION - Isaac Asimov: Fondation et Psychohistoire (p.28) Téléchargez MAP4 EDITO : Les "3 conseils aux leaders du G20" qui suivent le présent édito sont une parfaite exemplification du slogan du GEAB "Anticiper c'est prévoir pour agir". Ces "3 conseils" sont en effet le fruit mûrement réfléchi de 6 années de travaux menés par LEAP sur la crise mondiale, travaux qui se sont attirés un respect et une crédibilité qu'ils ne doivent qu'à leur qualité et leur pertinence spontanément reconnues dans le monde entier. En 2009, le renom de ces patients travaux d'anticipation avaient déjà permis à LEAP d'émettre en amont du sommet de Londres "3 conseils aux leaders du G20" qui avaient été publiés dans une pleine page de l'Edition Internationale du Financial Times. Aujourd'hui, il n'est plus certain que le Financial Times – ni aucun grand média d'ailleurs - soit le meilleur support pour que ces idées diffusent là où nous le souhaitons, c'est à dire au plus haut niveau. Nos propres outils de diffusion (GEAB, Revues de presse, MAP, trafic spontané, etc…), permettant de toucher des centaines de milliers de personnes dans tous les pays et dans des dizaines de langues (puisque, outre nos propres traductions en 4 langues, nos documents font systématiquement l'objet de traductions spontanées sur internet), sont probablement plus pertinents en la matière. D'autant plus que nous avons assorti la diffusion classique du message à l'intention des leaders du G20 d'une démarche pro-active de rencontre systématique avec les conseillers en charge du prochain sommet de Cannes dans les 20 capitales et dans leurs ambassades en France, particulièrement impliquées bien sûr dans l'instruction des dossiers préparatoires au prochain sommet de Cannes. Les "3 conseils" que vous allez lire ont donc circulé dans les cercles très proches des niveaux de décision des 20 pays les plus importants de la planète. L'accueil qui nous a été réservé au cours de ces entretiens a été des plus cordiaux, les discussions auxquelles ils ont donné lieu des plus ouvertes, et la démarche dont on aurait pu craindre qu'elle paraisse arrogante, a été en réalité parfaitement acceptée, comprise et saluée. Nous avons été clairs sur le fait que ces conseils ne sont pas (ne sont plus en fait, car ils l'étaient en 2009 dans notre message du Financial Times) si innovants que cela. L'idée, par exemple, d'un panier de monnaies pour remplacer le dollar comme seul pilier du système monétaire international fait désormais assez régulièrement l'objet de déclarations de tel ou tel décideur. Cela dit, ces idées n'ont toujours pas franchi le mur des débats officiels des sommets internationaux. Elles sont encore, d'un point de vue diplomatique, des idées-tabou. Tout l'ancien système, emmené par les anglo-saxons, s'arc-boute pour empêcher qu'elles y soient débattues alors qu'elles sont centrales à la résolution de la crise en cours. Tant que nos leaders n'aborderont pas ces questions lors de leurs sommets au vu et au su de tous, la crise ne fera que gagner en intensité. A l'inverse, il suffirait qu'elles soient mentionnées pour qu'une chaîne vertueuse de résolution de crise s'enclenche. Ces 3 conseils, et le travail de diffusion dont ils font l'objet, se veulent donc essentiellement une contribution à l'abolition du tabou dramatique qui bloque actuellement tout espoir de transition pacifique et constructive, et qui plonge la planète dans le chaos croissant que nous connaissons. Nous n'avions malheureusement pas vraiment l'espoir que le G20 de Cannes soit celui qui voit les choses se débloquer. Toutes les énergies ont été employées à faire croire que le noeud du problème, c'est la dette de quelques pays européens; Nicolas Sarkozy, à quelques jours du démarrage de son sommet "historique", s'est même senti obligé de dramatiser la situation européenne et d'enfoncer le clou sur cette interprétation fausse de la crise. Cela n'augurait rien de bon sur la pertinence et l'utilité des débats qui allaient avoir lieu les 3 et 4 novembre à Cannes. Mais ce travail de sensibilisation aux vraies raisons de la crise que nous menons, nous espérons que, peu à peu, il fasse son chemin dans les coulisses puis dans les couloirs des sommets et que bientôt, il franchisse les murs des grands auditoriums et fasse son entrée dans les débats officiels. Prenant en compte le renouvellement de nombreux dirigeants du G20 au cours de l'année 2012, la fenêtre d'opportunité pourrait se situer fin 2012/tout début 2013, lors du sommet du G20 qui réunira pour la première fois les dirigeants nouvellement élus des grands pays du G20 (Russie, Chine, Etats-Unis, France, probablement Italie, Allemagne,...). Il suffirait alors que, en amont du sommet, certains d'entre eux, issus de la zone Euro et des BRICS, fassent en même temps des déclarations officielles allant dans ce sens, pour obliger à ce que cette/ces question(s) soit intégrée(s) au programme des discussions. La parole politique est acte ne l'oublions pas. Téléchargez MAP4 |
| 56 Minutes: Doug Casey talks to James Turk Posted: 11 Nov 2011 02:06 AM PST In this video, Doug Casey, founder and chairman of Casey Research Institute, talks to the GoldMoney Foundation's James Turk about the greater depression that is facing the developed world. In Casey's view, finding intriguing investment opportunities is difficult at the moment, owing to the dislocations affecting economies as a result of central banks' money printing efforts. He does however think that tangible assets such as precious metals, land and fine art remain the best options available at the moment. In stark contrast, Casey is extremely downbeat on bonds and the US dollar. He thinks that given the incredible levels that bond prices have risen to as a result of panicked safe-haven buying by hedge funds, they represent an excellent shorting opportunity for speculators. Turk and Casey also discuss the opportunities to be had in mining shares, though Doug also points out the significant risks that mining companies face – relating to political pressure from politicians and environmentalists. He says that investors need to be aware of these risks, but remains bullish on junior gold and silver producers. Casey and Turk also discuss whether or not technological advances will ever gold obsolete as a potential form of money and store of value. Casey points out that according to Aristotle's definition of good money, gold will always remain the best form of money. In his words: "gold is uniquely suitable for use as money". Viewers can subscribe to free "Conversation with Casey" at www.caseyresearch.com. This interview was recorded in Sydney, Australia in October 2011. |
| Swiss Adopt GATA View of Imaginary ‘Paper Gold’ Posted: 11 Nov 2011 01:25 AM PST
by Chris Powell, GATA: Dear Friend of GATA and Gold: More evidence that GATA's understanding of the gold market is increasingly shared comes this week from the Swiss brokerage house EFT Financial Products in Zurich, which, in a brochure marketing its new gold-related products, notes that much if not most of the gold the Western world thinks it has is only imaginary "paper gold." Page 12 of the brochure says: "Gold is excessively leveraged via the OTC and futures markets. Whilst many commodities are rarely settled physically, as it would be impractical, we could see a surge in demand for delivery of physical gold during a financial crisis. With the current 92-1 leverage in the markets, should 1 percent of investors request physical delivery, then the whole system would come under considerable strain." |
| Indians Flee to Gold and Silver Posted: 11 Nov 2011 01:24 AM PST by Roman Baudzus, GoldMoney.com:
Traditionally, Indians have a special relationship with precious metals – and especially with gold and silver. One of the main reasons why Indians are so fond of precious metals could be the high inflation rate that the country has suffered throughout its history, which has made physical gold and silver attractive hedges against currency debasement for many investors and small savers. |
| Posted: 11 Nov 2011 01:23 AM PST from GoldMoney.com:
Events in Europe are continuing to drive more people around the world into physical bullion. Yesterday, in a slightly farcical twist to the euro crisis, Standard & Poor's "accidently" downgraded France, before issuing a clarification a couple of hours later that insisted this was a "technical error". Unsurprisingly, the French government was distinctly un-amused by this, and the French regulator AMF has started an investigation into this incident. |
| Peter Morici : Is Italy Next to Fail and Will Gold Go to $3,000 an Ounce? Posted: 11 Nov 2011 01:15 AM PST |
| WATCH: Rickards & Grant – Fed, Economy, and GOLD Posted: 11 Nov 2011 01:12 AM PST Jim Rickards and Jim Grant discuss Fed policy, the U.S. economy, and a gold standard. ~TVR |
| Austin Report – Bursting Bubbles Posted: 11 Nov 2011 12:56 AM PST If you were considering adding to your holdings of gold and silver, we would recommend that you do it sooner rather than later, since odds are, if you wait, you will likely have to pay more. |
| Gold and Silver Withstand Raid Posted: 10 Nov 2011 11:50 PM PST
by Harvey Organ: Good evening Ladies and Gentlemen: Tonight's commentary will be shorter than usual due to the fact that I had to attend some pharmaceutical meetings. Gold closed today's comex session at $1758.90 down 32.00 dollars on the day. Silver on the other hand held up quite well falling by only 29 cents to $34.09. Basically we had no real news to sway the markets as we are marking time on the Italian bond implosion. Let us head over to the comex and assess trading. |
| Why Are European Politicians Arguing Over Central Bank Gold Posted: 10 Nov 2011 11:47 PM PST |
| Fund manager Eveillard muses on government punishment of gold owners Posted: 10 Nov 2011 11:42 PM PST |
| Fake Silver and Gold Flood Global Markets Posted: 10 Nov 2011 10:34 PM PST Fake Silver and Gold Flood Global Markets; 100,000 Coins From A Single Counterfeiter by Mac Slavo, SHTFPlan.com:
Whether it's pirated software, poison-infused baby formula, cancer-causing drywall, luxury purses, or fake medicines, if you need a knock-off, China has traditionally been the go-to country, with a counterfeiter always willing to oblige. Now, with precious metals prices on the cusp of possibly the biggest price explosion in centuries, fake gold and silver products are becoming a booming industry say Global Piracy & Counterfeiting Consultants: We have read about one Chinese counterfeiter openly bragging about producing 100,000 fake U.S. Silver Dollars per year, and that's just one counterfeiter. At this point, we are telling all investors of gold, or silver coins, and or any type of precious metal bar to only buy from a reputable U.S. dealer, that has an established track record, and a money back guarantee. We fear this Chinese counterfeit gold, or silver coins, or bars, could be a multi billion dollar a year business, and we greatly fearmany innocent investors could be taken to the cleaners. |
| LISTEN: Interview with Simon Black of SovereignMan Posted: 10 Nov 2011 10:26 PM PST
Kerry interviews Simon Black of SovereignMan.com. Simon has visited virtually every country and continent in the world, except for Antarctica. He has a unique perspective on how freedom is currently blossoming in smaller countries around the world, especially ones that were previously a part of the iron curtain. We discuss what conditions encourage and expand freedom and what conditions do the exact opposite. Bankrupt centralized governments are the greatest threat to human freedom known to man. Our forefathers understood this concept quite well. Conversely, small solvent governments are the greatest boon to freedom known to man. Simon is truly a world authority on freedom, both economic and personal. Much more @ KerryLutz.com or @ 347.460.LUTZ |
| Gold Stocks Are Cheap – Dirt Cheap Posted: 10 Nov 2011 10:23 PM PST |
| LISTEN: Peter Schiff talks with Chris Waltzek Posted: 10 Nov 2011 10:18 PM PST From GoldSeek Radio: About Gold Seek Radio: More interviews @ radio.goldseek.com |
| LISTEN: Interview with Chris Duane Posted: 10 Nov 2011 10:17 PM PST
Chris and Kerry resume their weekly discussion. He's a little "under the weather" so I pick up some of the slack. We discuss everything from the Opium Wars, Petro-Dollar Dominance, to the world's richest tyrants. We also discuss possible/probable causes for our nation's seemingly never ending series of wars as well as the eventual day when the Dollar Merry-G0-Round stops and the world tries to get off. Always interesting, irreverent and never dull. Listen in. Much more @ KerryLutz.com or @ 347.460.LUTZ |
| Posted: 10 Nov 2011 09:11 PM PST If you are not already outraged at politicians, read this article from The Economic Collapse. The article includes the following: The following are 12 statistics about money and Congress that are so outrageous that it is hard to believe that they are actually true…. #1 The collective net worth of all of the members of Congress [...] |
| Financial War Games: Jim Rickards/James Grant on Fed Policy and the Gold Standard Posted: 10 Nov 2011 09:10 PM PST ¤ Yesterday in Gold and SilverGold got sold off a bit in very light Far East trading yesterday...and was down about fifteen bucks when London opened for business on Thursday morning. But a rally of sorts began at that time...and by 8:30 a.m. Eastern time in New York, gold was back in positive territory from Wednesday's close. But that turned out to be the high of the day, at $1,776.60 spot. Gold traded flat from there until the equity markets opened in New York at 9:30 a.m...and, as we've seen quite a few times in the last several months, a not-for-profit seller was there to drive it down to its low of the day [$1,734.60 spot] which came a few minutes after 10:30 a.m. Eastern. The gold price recovered a bit from that low, but wasn't allowed to rally back to Wednesday's closing price...although it certainly showed signs of wanting to do exactly that...and once it hit $1,760 spot, it traded virtually ruler flat until the close of electronic trading at 5:15 p.m. in New York. The gold price closed at $1,758.00 spot...down $10.60 on the day. Net volume was around a 146,000 contracts.
Silver's price action on Thursday was very much a derivative of the gold price. Silver's high tick in New York [$34.44 spot] came at 9:00 a.m. Eastern time right on the button...the low [$33.05 spot] came at the same time as gold's low price...10:32 a.m. Eastern time. Silver definitely wanted to blast well into positive territory from there...and made into the plus column for a few minutes, but then ran into a willing seller shortly before the Comex close at 1:30 p.m. in New York. Silver closed at $34.03 spot...down a penny from Wednesday's close. Net volume was about 36,000 contracts.
Platinum was also hit...but palladium was hardly touched. The dollar was not a factor. The gold stocks followed the gold price around like a shadow once again...and the HUI looked identical to the gold chart while the New York equity markets were open...finishing down 0.70% on the day.
Although the silver stocks were mixed yesterday, a couple of the major companies that form a fairly large chunk of Nick Laird's Silver Sentiment Index got hit pretty hard...one on a downgrade and the other on bad news. The index closed down 4.06% on the day.
(Click on image to enlarge) The CME's Daily Delivery Report showed that zero gold and 36 silver contracts were posted for delivery on Monday. If you want to see what little action there was, the link to the Issuers and Stoppers Report is here. For the fifth business day in a row, the GLD ETF reported taking in gold. Yesterday they added 48,641 troy ounces of the stuff. There was no reported change in SLV. The U.S. Mint did not have a sales report yesterday. This is turning into the slowest sales month they've had in years. They had a rather busy day over at the Comex-approved depositories on Wednesday. They received 599,873 troy ounces of silver...and shipped 564,778 ounce of the stuff out the door. The link to that action is here. Silver analyst Ted Butler had another new commentary posted at his website yesterday, this one about MF Global. [Ted's background is in the futures market, having started as a commodity broker at Merrill Lynch some 40 years ago. He hasn't traded futures for years, as is no way personally involved in the MF Global mess. He's strictly an outside observer and independent analyst.] Calling the MF Global debacle an unmitigated disaster, here are a couple of free paragraphs... "The disaster is that for the first time in modern financial history, the main guarantee of the clearinghouse system has completely failed its most important constituent – the customer base. The underlying promise to every participant in the futures market is that your money and open positions are safe from theft and default. This is the very glue that holds the future market together, namely, that all market participants can depend upon strict regulation and oversight to safeguard against fraud and theft. That's what has made the US organized futures exchange system the envy of the world. Until now. For more than a week, almost all of the 50,000 commodity customers of MF Global are in limbo as to the access and status of their funds on deposit and open positions. This is unprecedented and beyond bad. For these 50,000 customers, it's the equivalent of discovering your bank just went out of business and there is no assurance all your funds will be returned." "Let me cut to the chase here and pinpoint the real problem – the CME Group. I know I have continuously criticized the CME, even calling it a criminal enterprise on many occasions, but in truth I may have understated the case. Yes, I would agree that the immediate cause of the MF Global bankruptcy was MF Global itself; but what turned it into a disaster of unprecedented proportions was the CME Group. The CME Group was the front line regulator for MFG, responsible for auditing and insuring the safety of customer funds and for guaranteeing those funds in a worst case scenario. The CME failed at every turn. Not only did its auditing fail miserably, the CME failed to step up to the plate to safeguard customer funds after it was discovered that $600 million was missing. This is like a case of paying premiums for years on an insurance policy only to be denied coverage when presenting a claim for the first time. I know that the federal commodity regulator, the CFTC, has been negligent in the case of MF Global as well, but that does not mitigate the CME's failures." I have the usual complement of stories today...and I must admit that it's always a relief to leave the final edit up to you. JPMorgan et al pulled their bids and ran the stops. The result was another waterfall price decline in both gold and silver. Negative Interest Rates in India Driving Record Demand for Gold. Can gold miners offer a safe haven? Gold Stocks are dirt cheap. Price irregularities in the silver market: Dimitri Speck. ¤ Critical ReadsSubscribeThanksgiving Meal Cost Jumps 13%The cost of a Thanksgiving dinner in the U.S. will jump 13 percent this year, the biggest gain in two decades, as prices rose for everything from turkey to green peas to milk, the American Farm Bureau Federation said. A meal for 10 people on the holiday, which falls on Nov. 24 this year, will rise to $49.20 from $43.47 last year, the biggest increase since 1990, based on foods traditionally served including stuffing and pumpkin pie, the farm group said today in a release. Turkey was the most expensive and had the biggest gain, with a 16-pound bird up 22 percent at $21.57. Reader Scott Pluschau sent me this Bloomberg story from yesterday...and the link is here.  MF Global Assets Have Left The Building: How, When, WhereAlmost everyone wondering where the missing MF Global customer assets have gone, thinks they will show up eventually. I believe the assets are long gone. The mixed bag of marketable securities taken from customer segregated accounts, used most likely to meet margin calls and satisfy "important" customers closing accounts during the last days, will, in my opinion, never be seen again. Too much time has passed for anyone to still reasonably expect that the "discrepancy" is just a timing difference or a misallocation between accounts, according to several sources who prefer to remain anonymous because of the sensitivity of the situation. All of the statements made on the record by those in a position to know point to assets taken out of the firm and now gone for good. This incredible must read article was posted in Forbes on Wednesday...and I borrowed it from yesterday's King Report. The link is here.  MF Global's Missing Funds May Be 'Massive' Ploy: CFTC's ChiltonThe $593 million shortfall in client money at MF Global Holdings Ltd., the broker that filed for bankruptcy on Oct. 31, appears to result from a "massive hide- and-seek ploy," Bart Chilton, a commissioner at the U.S. Commodity Futures Trading Commission, said today. The agency took the rare step of publicly announcing its investigation, which began on Oct. 31, saying it was in the public interest to confirm the enforcement action. "This isn't just a lost and found inquiry; it's a full-on effort to get to the bottom of what appears to be a massive hide-and-seek ploy," Chilton, a Democrat, said in an e-mail. "It's a distinct possibility, some would say probability, that somebody has done something with the money, and that it's not going to be 'all of a sudden discovered' with an innocent explanation," Chilton said. "If that's the case, it's patently illegal. I don't know yet. Our investigation will uncover that, and we're aggressively pursuing this." I hope the CFTC does a better and faster job of this than they're doing with the now 3-year old investigation into the rigging of the silver price. West Virginia reader Elliot Simon sent me this Bloomberg story late yesterday afternoon...and the link is here.  MF Global Trustee to Delay Return of Collateral Until End of InvestigationMF Global Inc.'s liquidator, fielding requests from commodities customers, said he can't let any more of their collateral go until a probe into the "complex cash movements" at the defunct brokerage establishes the size of any shortfall. James W. Giddens, the trustee handling the liquidation, has said he has "substantially" finished transferring 50,000 commodity accounts to other brokers, releasing $1.6 billion in collateral. Under bankruptcy law, he must hold back enough collateral to cover a pro rata distribution of claims he estimates will be filed, and must determine the amount of all claims before more money can be released, he said to the commodities customers in a message on his website. "The law requires that all commodities customers be treated fairly, and on a pro rata basis," he said. "While we have received many requests for individual transfers, we must treat all customers equally and fairly, and do not have authority to make such transfers" under U.S. bankruptcy law. This is the second Bloomberg story in a row from reader Elliot Simon...and this one is worth your time as well. The link is here.  Finally, a Judge Stands up to Wall StreetFederal judge Jed Rakoff, a former prosecutor with the U.S. Attorney's office here in New York, is fast becoming a sort of legal hero of our time. He showed that again yesterday when he shat all over the SEC's latest dirty settlement with serial fraud offender Citigroup, refusing to let the captured regulatory agency sweep yet another case of high-level criminal malfeasance under the rug. The SEC had brought an action against Citigroup for misleading investors about the way a certain package of mortgage-backed assets had been chosen. The case is very similar to the notorious Abacus case involving Goldman Sachs, in which Goldman allowed short-selling billionaire John Paulson (who was betting against the package) to pick the assets, then told a pair of European banks that the "designed to fail" package they were buying had been put together independently. This case was similar, but worse. Here, Citi similarly told investors a package of mortgages had been chosen independently, when in fact Citi itself had chosen the stuff and was betting against the whole pile. Matt Taibbi is up on his high horse in this very long must read blog posted over at Rolling Stone magazine yesterday morning. I thank Roy Stephens for providing this story...and the link is here.  The new feudalism isn't new...and is really the normHere's a very short, but very excellent essay that's posted over at the rather obscure website prairie2.com...and how Roy Stephens found this, I haven't a clue. It's only five paragraphs long...and an absolute must read. The link is here. |
| Posted: 10 Nov 2011 09:10 PM PST  Despite the pullback this fall, gold has been performing well this year. The price of the yellow metal is up 28% YTD, driven in large measure by strong demand in Asia and the dim economic outlook in the west. Gold miners are reporting good third-quarter bottom lines. In this ointment, however, there is a fly: gold stock performance, which has massively lagged the underlying commodity price surge over the year. This has been ongoing for months, now bringing us to the point where gold mining stocks look notably undervalued. Technically, we might say, they look dirt cheap. Even Doug Casey, who's a serious bottom feeder, is admitting that compared to the metal itself, gold stocks are looking cheap again. |
Swiss Brokerage Adopts GATA's View of Imaginary 'Paper Gold'
Recently published data from the Association of Mutual Funds in India (AMFI) show that during this year's festival season India has again registered record gold and silver sales. Many gold dealers and market observers had already predicted this trend before the start of the Diwali, the festival of light. According to AMFI, Indian gold sales soared by 8% to reach a new record high of 81.73 billion rupees in September. Many Indians are worrying about current economic developments, and are therefore buying gold and switching out of paper assets.
Gold and silver prices struggled yesterday, as traders sold commodities and the dollar strengthened against the euro. Though for the moment gold remains pinned below resistance at $1,800 per ounce, 
Gold and Silver Withstand Raid / Marking Time for Europe to Implode
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