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• Financial Bulls Will Be Right Eventually
• Coordinated Central Bank Action Chases Currency Shorts
• Snap Reactions To Central Bank Coordination Efforts
• Johnson Controls On The Best Way To Pay For Renewables
• The Latest, 24-Hour, Bankster Band-aid
• Top Central Banks Move to Avoid Global Liquidity Crunch
• Perpetual QE Without the Billboard
• Great Panther Silver Ltd. - Improving the operation of legendary silver mines along the Veta Madre (Mother Vein) in Guanajuato, Mexico
• A Global US-Funded Liquidity Bail Out
• The FED Will Prop Up The World
• China Begins Monetary Easing
• Preparing for the Worst: The High Price of Abandoning the Euro
• Data Contradiction
• Central banks open the spigots; stocks, oil, gold go vertical
• 60 tons of gold reserves explored in Iran
• US-UK Financier Elite in Finance Collapse, War Psychosis
• Silver: Buy, Hold Or Sell? Update #22
• Central Banks Announce Coordinated Liquidity Effort to Alleviate Euromess
• Great Panther Silver Confirms Continuity of Santa Margarita Gold-Silver Veins and Extends Guanajuatito Mineralized Zone to Depth at Guanajuato
• SilverCrest Commences Phase II Drilling at La Joya; Phase II Surface Samples Grade up to 1,079 GPT Silver Equiv.
• Gold AM & PM Fixes Highly Unusual – Identical 2 Days In Row ($1,714.00 & $1,717.00)
• Gold Producers Poised Like ‘Coiled Spring’
• Financial World Holds Breath Over Impending Apocalypse
• Silver Price Basing Before Dramatic Move Higher
• Currency Wars: The Anglo-American Century and Why the Financial Engineers Hate Gold and Silver
• Paper Money Is Not Wealth
• Suppressing Reality
• James Turk expects Silver blastoff
• Junior miners priced for $400 gold, Got Gold Reports Arensberg writes
• John Paulson’s Fund Obscures ETF Flow Data

Financial Bulls Will Be Right Eventually Posted: 30 Nov 2011 06:58 AM PST By Roger Nusbaum: The interweb had a little fun yesterday poking fun at Dick Bove, the sell side bank analyst from Rochedale Securities. It started with his mea culpa of sorts that was picked up by FT Alphaville, was contributed to by his mid-day appearance on Fast Money and was jumped on by various bloggers on Twitter. Bove gets a lot of face time on TV, his opinions get dissected in many places and he has very specific opinions several of which have been wrong in very loud fashion. Later in the day there was another segment on CNBC not involving Bove where an analyst tried to make a bullish argument for financial stocks that with just one ear on the segment seemed to be based on valuations. The valuation argument has been around for awhile post-meltdown (Barron's seems to write this up every three weeks) but hasn't mattered yet as the sector, Complete Story »

Coordinated Central Bank Action Chases Currency Shorts Posted: 30 Nov 2011 06:58 AM PST By Ralph Shell: Coming at a time when the most recent COT report showed that currency speculators had increased their short positions in European currencies, the Central Bankers pulled the rug from underneath them. According to Market Watch: The U.S. Federal Reserve slashed the cost of emergency dollar loans to foreign banks as the world's major central banks took coordinated action to prevent Europe's debt crisis from triggering a global liquidity crunch. The moves were announced in statements issued simultaneously by the U.S. Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan, the Bank of Canada and the Swiss National Bank. "The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity," the banks said. Prior to this action, the global papers were forecasting Complete Story »

Snap Reactions To Central Bank Coordination Efforts Posted: 30 Nov 2011 06:37 AM PST By Tom Guttenberger: Markets shot higher on the heels of a couple of very significant news items today - China's decision to decrease reserve requirements and the coordinated action taken by the Fed, ECB, BoJ, BoE, Bank of Canada and Bank of Switzerland to lower dollar swap lines from 1% to .5%. I will focus this post on the lowering of dollar swap lines. Here is the a blurb from the Fed press release: The Federal Open Market Committee has authorized an extension of the existing temporary U.S. dollar liquidity swap arrangements with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank through February 1, 2013. The rate on these swap arrangements has been reduced from the U.S. dollar OIS rate plus 100 basis points to the OIS rate plus 50 basis points. In addition, as a contingency measure, the Federal Complete Story »

Johnson Controls On The Best Way To Pay For Renewables Posted: 30 Nov 2011 06:25 AM PST By Greentech Media: Distributed renewable energy pays for itself, but Johnson Controls (JCI) has a way to pay for it faster. Johnson Controls was already a leader in Energy Savings Performance Contracting (ESPC), or energy efficiency retrofits, when the company's "customers said, 'We want to do all that efficiency work but we also want to do renewables,'" explained Jesse Stowell, a Johnson Controls Project Development Consultant specializing in the "bundling" of wind energy and energy efficiency retrofits. "I had seen how challenging it was to do standalone wind projects," said Stowell, who came to Johnson Controls from the small wind business where the payback period can be protracted enough to discourage small and community consumers. Johnson Controls is one of "10 or so household-name companies," Stowell said, including multinational giants like Siemens and Honeywell, that have grown ESPC businesses during the last three decades. In response to its customers' interest in renewables to Complete Story »

The Latest, 24-Hour, Bankster Band-aid Posted: 30 Nov 2011 03:36 AM PST Some readers may find it annoying seeing me continually characterizing the majority of market participants as "lemmings". I make no apologies. As the old one-liner goes, "if it walks like a duck and quacks like a duck…" Contrary to popular mythology, lemmings do not commit "mass suicide" (through a herd simply running off the nearest cliff) – but then again neither do market participants. Rather, both groups are subject to the overwhelming compulsion to "migrate". In the case of the lemmings, this compulsion is entirely biological in origin. They receive some cue or stimulus that they are close to exhausting the local food supply and then they scurry-off en masse toward the proverbial "greener pastures". It is on these frantic "marches" that much/most of the lemming population self-destructs. In the case of market participants, they are entirely lacking in any instinctive/biological guidance. Rather these "lemmings" charge off in a new direction based entirely on the latest pronouncements from "market experts" and media talking heads. In other words they are basing their decisions on blind faith. There can be no other way to characterize the actions of a "herd" which insists on allowing itself to be led around by a group of people who spend all of one day giving "advice" – and then spend all the next day explaining why they are so "surprised" that their advice went so badly wrong. And so it is again today. We have market participants engaging in  another "lemming charge" – this time driving markets higher – and all in response to the latest 24-hour band-aid put forth by the bankrupt bankers, and the even more intellectually-bankrupt politicians standing behind them. Nothing has changed. The "world" is not 2% better off than it was yesterday simply because the Federal Reserve has made its own worthless paper "cheaper" for other banks. While it could always be argued that this lemming-charge was merely intended to offset the (irrational) charge in the opposite direction which preceded it, this doesn't change the nature of the conduct we are witnessing. There are only one group of people who are instantly ready to commit their funds to a "new idea", with nothing but the flimsiest of pretexts to guide them. They are called "gamblers". Note that it makes little difference conceptually if I substitute the word "gambler" for "lemming" in my analysis. Both groups (as an entire class) are inherently self-destructive. In the case of the lemmings, their excuse is that they are mindless rodents. Presumably market participants (i.e. gamblers) lack that excuse. With such a large percentage of the (for lack of a better term) "investment community" needing to be protected from themselves, the obvious starting point is the complete abolition of all automated trading algorithms.

Top Central Banks Move to Avoid Global Liquidity Crunch Posted: 30 Nov 2011 02:59 AM PST from Reuters.com Central banks from the world's leading developed economies said on Wednesday they will take coordinated steps to prevent a lack of liquidity in the global financial system, as the euro zone attempts to find a way to stem its debt crisis. The U.S. Federal Reserve, the European Central Bank and the central banks of Canada, Britain, Japan and Switzerland said in a joint statement they had agreed to lower the cost of existing dollar swap lines by 50 basis points from December 5. Other measures included setting up bilateral swap arrangements between the central banks so that any bank could tap additional liquidity in their own currencies if necessary. The swap arrangements are good through Feb 1, 2013. In the United States, the Fed noted that banks were not having difficulty now getting funds in short-term finding markets. But if conditions deteriorate, the U.S. central bank said it has "a range of tools available" to use as a backstop and would deploy them as necessary. Read More @ Reuters.com

Perpetual QE Without the Billboard Posted: 30 Nov 2011 02:58 AM PST by Jim Willie, GoldenJackass.com via GoldSeek.com: The US Federal Reserve has fooled a lot of people into believing that the grand monetary pump and debt monetization project has been put on hold. The only thing that changed was their talking publicly about it. The money press has been working to the limit, never stopped. The discussion has been kept quiet, but the machinery still makes a lot of shrill noise. The proof is not movement of lips by central bankers, but the data from the monetary aggregate. The data is compelling in calling them out. The conclusion to reach is that Quantitative Easing has become the norm, the foundation policy, the emergency action to prevent implosion of the US banking system. Hyper monetary inflation is the New Normal. The sinkholes are so broad and dispersed that even run of the mill analysts are beginning to see the light. They are concluding more and more than the credit-based system is collapsing. Never does the Jackass rely upon central bankers to inform of events, policies, and actions. They have been dedicated lately to deceptions much like turning off smoke alarms, killing the electricity on fire station monitors, laying off the working firemen, and hoping the public does not notice the raging fires which have been accompanied by grand larceny looting to hide the flames. Read More @ GoldSeek.com

Great Panther Silver Ltd. - Improving the operation of legendary silver mines along the Veta Madre (Mother Vein) in Guanajuato, Mexico Posted: 30 Nov 2011 02:58 AM PST Great Panther Silver Ltd.'s [NYSE.GPL, TSX.GPR] extensive property in the Guanajuato silver district includes many famous Spanish colonial era mines along the Veta Madre, or "Mother Vein." Today Great Panther continues mining high grade silver from several ore shoots that extend below historic workings, plus they are also finding hidden adjacent veins with drills and other modern exploration methods. When I toured the company's Guanajuato mines last month I saw they have recently completed substantial infrastructure and operations improvements.

A Global US-Funded Liquidity Bail Out Posted: 30 Nov 2011 02:57 AM PST The Federal Reserve Press Release: A Global US-Funded Liquidity Bail Out from FederalReserve.gov: Release Date: November 30, 2011 The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity. These central banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points so that the new rate will be the U.S. dollar overnight index swap (OIS) rate plus 50 basis points. This pricing will be applied to all operations conducted from December 5, 2011. The authorization of these swap arrangements has been extended to February 1, 2013. In addition, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank will continue to offer three-month tenders until further notice. Read More @ FederalReserve.gov

The FED Will Prop Up The World Posted: 30 Nov 2011 02:55 AM PST The FED Will Prop Up The World, Offers Aid For Global Financial System by Annalyn Censky, Money.CNN.com: The Federal Reserve, acting with five other central banks, took further steps Wednesday to make it cheaper for banks around the world to trade in U.S. dollars. The Fed — along with central banks of the eurozone, England, Japan, Switzerland and Canada — announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013. The effort is meant to "ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity," the Federal Reserve said in a press release. Read More @ Money.CNN.com

China Begins Monetary Easing Posted: 30 Nov 2011 02:52 AM PST China Begins Monetary Easing Lowers Reserve Ratio By 50 bps: Gold, Crude, Futures Spike from ZeroHedge: It appears that China has already forgotten its close encounter with inflation as recent as a few months ago leading to assorted riots, and is instead far more concerned with the collapsing housing market. As a result it just announced a 50 bps reserve ratio cut, well in advance of when most commentators thought it would happen, on what is now the start of a monetary policy loosening cycle. The kneejerk reaction is for futures to surge and gold to spike, and crude to pass $100, even as the EURUSD was once again drifting lower overnight. And while this is beyond bullish for commodities, we doubt equities will remain bid unless Europe mysteriously fixes itself overnight too. Which won't happen. More from Reuters: "China's central bank cut the reserve requirement ratio for its banks on Wednesday for the first time in nearly three years to ease credit strains and shore up activity in the world's second-largest economy." Naturally, this ties Bernanke's hand even more as Chinese inflation will now be stoked internally in addition to importing any excess inflation to be generated by the Chairman, likely leading to an even faster spike in global inflation the next time we get US-based quantiative easing. Look for Chinese-based purchases of gold to surge. Read More @ ZeroHedge.com

Preparing for the Worst: The High Price of Abandoning the Euro Posted: 30 Nov 2011 02:34 AM PST Preparing for the Worst: The High Price of Abandoning the Euro There is mounting speculation that the euro zone will break apart, or even that the single currency will be abandoned altogether. It often sounds as if such scenarios wouldn't be so bad for Germany. In fact the consequences would be catastrophic for Europe and for its largest economy. Polish Foreign Minister Radoslaw Sikorski made a dramatic appeal to Germany on Monday to prevent a collapse of the currency union, saying: "We are standing on the edge of a precipice." German investors are jettisoning derivatives on a large scale because they have lost confidence in the instruments. For the first time, it appears, people across Europe regard the downfall of the euro as a real possibility. read more

Data Contradiction Posted: 30 Nov 2011 02:25 AM PST While the risk-trade dial appears to be turned to the "off" position, there hasn't been any real negative change in investor demand for either silver or gold in the short-term.

Central banks open the spigots; stocks, oil, gold go vertical Posted: 30 Nov 2011 02:24 AM PST

60 tons of gold reserves explored in Iran Posted: 30 Nov 2011 02:22 AM PST

US-UK Financier Elite in Finance Collapse, War Psychosis Posted: 30 Nov 2011 02:18 AM PST Tarpley.net

Silver: Buy, Hold Or Sell? Update #22 Posted: 30 Nov 2011 02:15 AM PST

Central Banks Announce Coordinated Liquidity Effort to Alleviate Euromess Posted: 30 Nov 2011 02:11 AM PST Any of you who are market oriented no doubt are all over the news of central bank coordinated liquidity efforts. This is from the Federal Reserve's announcement: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity. These central banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points so that the new rate will be the U.S. dollar overnight index swap (OIS) rate plus 50 basis points. This pricing will be applied to all operations conducted from December 5, 2011. The authorization of these swap arrangements has been extended to February 1, 2013. In addition, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank will continue to offer three-month tenders until further notice. As a contingency measure, these central banks have also agreed to establish temporary bilateral liquidity swap arrangements so that liquidity can be provided in each jurisdiction in any of their currencies should market conditions so warrant. I'm not certain this changes things as much as markets assume. The ECB is ultimately responsible for creating euros. I'm not certain how much of a policy stance this move represents. If the ECB is committed to "printing", then why the need to turn to other central banks for a coordinated effort? In fact, what would help the Eurozone most is a MUCH cheaper euro, since the only way out of their fundamental problem (that of Germany running big trade deficits with periphery countries, but no longer wanting to fund the trade deficits that result) is by cheapening the euro greatly, so that Germany runs big trade surpluses with non-Euro countries, and the rest of Europe has more or less balanced trade. And the euro, which was not cheap, has rallied strongly today, amped up due to the 17 year high level of shorts outstanding. The open question is whether this increases confidence enough to get major European countries through critical bond auctions, not just this week, but most important, a series of major refundings Italy has in February.

Great Panther Silver Confirms Continuity of Santa Margarita Gold-Silver Veins and Extends Guanajuatito Mineralized Zone to Depth at Guanajuato Posted: 30 Nov 2011 02:03 AM PST Great Panther Silver Limited (TSX: GPR.TO)(AMEX: GPL) ("the Company") is pleased to announce that underground drilling programs at the Company's wholly owned Guanajuato Mine have been successful in confirming continuity of the Santa Margarita gold-silver vein plus two footwall veins between the 435 and 500 metre levels, and in extending the Guanajuatito silver-gold mineralization below the 100 metre level, down to the 390 metre level (see also news release January 27, 2011).

SilverCrest Commences Phase II Drilling at La Joya; Phase II Surface Samples Grade up to 1,079 GPT Silver Equiv. Posted: 30 Nov 2011 01:55 AM PST SilverCrest Mines Inc. (TSX-V: SVL.V - News)(OTCQX: STVZF.PK - News)(PINK SHEETS: STVZF) (the "Company") is pleased to announce that it has begun its Phase II drilling program at the La Joya property located in Durango State, Mexico. This program will consist of approximately 80 core and reverse circulation drill holes and will utilize at least three drill rigs. The Company has also completed surface channel sampling in the Phase II proposed drill hole area along and adjacent to the Main Mineralized Trend with results showing surface intervals with grades up to 594 gpt Ag, 5.49 % Cu, and 0.25 gpt gold (1,079 gpt Ag equivalent(i)).

Gold AM & PM Fixes Highly Unusual – Identical 2 Days In Row ($1,714.00 & $1,717.00) Posted: 30 Nov 2011 01:28 AM PST

Gold Producers Poised Like ‘Coiled Spring’ Posted: 30 Nov 2011 01:04 AM PST Gold Producers Poised Like 'Coiled Spring' to Rally: Commodities by Thomas Biesheuvel, Bloomberg.com: Gold mining stocks are trading at their cheapest level in at least nine years even as the industry's profits are estimated to almost double this year and bullion trades close to its historic high. The benchmark NYSE Arca Gold BUGS Index (HUI) that includes Barrick Gold Corp. (ABX), Newmont Mining Corp. (NEM) and AngloGold Ashanti Ltd. ended last week at 17 times earnings, the lowest since at least November 2002 and below a five-year average of 37 times. Investors sold equities across the board as Europe's debt crisis soured the corporate profit outlook, and they're ignoring analyst projections for bullion and gold producers. The gold index's 16 members will increase combined per-share earnings 94 percent this year, according to estimates compiled by Bloomberg. Read More @ Bloomberg.com

Financial World Holds Breath Over Impending Apocalypse Posted: 30 Nov 2011 01:01 AM PST Eurozone Debt Crisis Worsens as Financial World Holds Breath Over Impending Financial Apocalypse by Mike Adams, NaturalNews.com: Allow me to begin this article with a single paragraph published yesterday on Yahoo Finance: "The world is watching Europe, waiting upon a solution. It's not just the euro that's at stake. If the euro fails, so too does the 27-nation European Union. Bank lending would freeze, stock markets would likely crash, and Europe's economies would follow. Nations in the euro-zone would see their economic output decline, though temporarily, by as much as 50%, according to UBS forecasters. That economic meltdown would then spread to the U.S. and Asia, who would find themselves caught up in the credit freeze while their exports to Europe would collapse."(http://finance.yahoo.com/news/Euro-…) If you had read these words just 12 months ago, you would have thought it to be fear-mongering conspiratorial nonsense. Words like "collapse" and "crash" and "meltdown" aren't normally tossed around the mainstream media, even when their use is justified. To actually see these words in print is strongly indicative of the severity of the global financial crisis our world now faces — a crisis, by the way, which is nothing less than a global economic coup that has seen entire nations virtually taken over by criminal banksters. Read More @ NaturalNews.com

Silver Price Basing Before Dramatic Move Higher Posted: 30 Nov 2011 12:56 AM PST from GoldMoney.com: As if the world didn't have enough to worry about already, news of an Iranian mob attacking the British embassy in Tehran has reminded people of the inherent political fragility of the Middle East – rekindling memories of the 1979 takeover of the US embassy in the same city following the Iranian Revolution. Though markets generally held steady yesterday, the news after the close on Wall Street that Standard & Poor's was downgrading a slew of large British and American banks was sure to scare investors. Sure enough, markets have fallen this morning, though news that the Chinese have cut bank reserve requirements has helped stabilise European markets. Commodities also fell in early trading, with gold and silver once again caught in the cross hairs – though the gold price is still above $1,700 per ounce. Silver has dropped back below the $32 mark. Read More @ GoldMoney.com

Currency Wars: The Anglo-American Century and Why the Financial Engineers Hate Gold and Silver Posted: 30 Nov 2011 12:55 AM PST

Paper Money Is Not Wealth Posted: 30 Nov 2011 12:53 AM PST by Bob Livingston, PersonalLiberty.com Have you ever seen "old people" hold and fondle their paper money? They count it, hide it under the mattress and bury it for safekeeping. Remember my example of the power of inflation? I said that you could bury your paper money 40 miles deep in a sealed concrete vault, and it still could be inflated or devalued to nothing. There is no way to preserve your paper money. It is up to the money creators to not overprint. Here's how we are fooled: People equate fiat paper money like U.S. dollars with wealth. Only if paper money held its purchasing power could it be a store of value. Only then could you bury it and forget it. For now, the safest currencies are those tied to commodities, such as the Canadian dollar (CAD) or the Norwegian kroner (NOK). In addition to being commodity currencies, these countries are not reckless with their currencies and national resources. Most people do not understand currency gains (or losses). Right now, with the U.S. dollar and the U.S. economy in big trouble, there is not much risk to be in a foreign currency. We prefer the Canadian dollar, right after the Swiss franc. Read More @ PersonalLiberty.com

Suppressing Reality Posted: 30 Nov 2011 12:52 AM PST from WealthCycles: In our premium articles, we have written extensively on the topic of market manipulation (see The Strange Manifestations of Free Market Manipulation)…. While it is always tempting to "correct" the naturally efficient free market, the effort always backfires by displacing something else. It's like the old game of Whac-A-Mole, a game where whacking one mole only leads to more moles popping out. The government-engineered suppression of gold prices has long been thought the realm of tin-foil hatters by the mainstream media—but new evidence, and new doubt being cast on the Fed, has lent credence to the theory. With the latest loan data out from the Fed, and new news that former Treasury Secretary Hank Paulson actually gave hedge funds advance information on government bailouts, has cast a serious shadow on the veracity of government statements. A new interview with fund manager Marshall Auerback, in which he sees gold above $3,000, puts the suppression in easy-to-understand soundbites: Read More @ WealthCycles.com

James Turk expects Silver blastoff Posted: 30 Nov 2011 12:34 AM PST Chris Powell

Junior miners priced for $400 gold, Got Gold Reports Arensberg writes Posted: 30 Nov 2011 12:32 AM PST

John Paulson’s Fund Obscures ETF Flow Data Posted: 30 Nov 2011 12:23 AM PST Absent the weekly COT report for gold and silver, the array of exchange-traded funds available on the market acts as an excellent source of money flow data for both silver and gold. While the media tends to focus on total assets, exchange-traded funds also release the quantity of gold and silver attributed to individual exchange-traded funds.

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