Gold World News Flash |
- Morning Update
- The Hidden Dark Agenda of Public Education
- End of Tax Loss Selling in Graphs
- Chinas Rising Gold Panic
- Jim Rickards - War With Iran has Begun, Gold to Break $2,000
- Gold is Investors' Favorite Asset in 2012: Poll
- Miners see gold price hitting $2,000 this year
- Gold Seeker Closing Report: Gold and Silver End With Modest Gains
- Silver Update: 1/12/12 Overwhelming Demand
- Foreigners Sell Record $85 Billion In Treasurys In 6 Consecutive Weeks - Time To Get Concerned?
- With luck this soon will be an important estate-planning question
- 22 Signs That We Are On The Verge Of A Devastating Global Recession
- The Cheque-Kiting Economy
- Gold is Approaching The Next New High – Are You Ready? – 01-12-12
- Outlook for 2012 and Keeping Your Emotions Away From Your Silver
- Gold Shorts Squeezed, Five Major Us Banks Could Fail From Derivatives and More
- People Don’t Buy Gold to Make Money; They Buy It Because They Have Money
- Harvey Organ's Daily Gold & Silver Report
- Fed blew the housing bubble, then sought to pop it, transcripts show
- Frank Holmes Makes the Investment Case for Gold on CNBC
- The Gold Price Rose Another Level up $8.10 on Comex Closing at $1,647.30
- Why is Gold rallying with the Dollar ?
- Dr. Jeff Lewis Interviews Grant Williams : Outlook for 2012 and Keeping Your Emotions Away From Your Silver
- Renewed Iranian Worries Support Silver and Gold Prices
- Eric Sprott: "The Financial System Is A Farce"
- Gold is Approaching The Next New High-Are You Ready?–01-12-12
- TF Metals Report: Proceeding As Planned
- Theft, RICO lawsuit targets MF Global, CME Group, MorganChase
- A fiery horse with the speed of light, a cloud of dust, and a hearty 'Hi-yo, Silver! Away!'
- Goldrunner Called $1,920 Gold High Exactly; Now Expects $3,000 – $3,500 by Mid-Year
| Posted: 12 Jan 2012 08:09 PM PST Looking at the SLV chart, if anyone is dancing with the devil, here is your infelction points.
| ||||
| The Hidden Dark Agenda of Public Education Posted: 12 Jan 2012 07:48 PM PST "An alien collectivist (socialist) philosophy, much of which came from Europe, crashed onto the shores of our nation, bringing with it radical changes in economics, politics, and education, funded - surprisingly enough - by several wealthy American families and their tax-exempt foundations. The goal of these wealthy families and their foundations - a seamless non-competitive global system for commerce and trade - when stripped of flowery expressions of concern for minorities, the less fortunate, etc., represented the initial stage of what this author now refers to as the deliberate dumbing down of America. Seventy years later, the carefully laid plans to change America from a sovereign, constitutional republic with a free enterprise economic base to just one of many nations in an international socialist (collectivist) system (New World Order) are apparent. Only a dumbed down population, with no memory of America's roots as a prideful nation, could be expected to willingly succumb to the global workforce training planned by the Carnegie Corporation and the John D. Rockefellers, I and II." - US Department of Education Senior Policy Advisor Charlotte Thomson Iserbyt
Yesterday I released an article, "Lack of Critical Thinking is Key to the Corrupt Status Quo Maintaining Their Power", on my blog and at ZeroHedge and it generated a lot of comments including those that stated they don't believe in conspiracies or the existence of a "big bad wolf" that deliberately is "out to get us". However, for those of us familiar with the works of John Taylor Gatto, we know that there are literally mountains of evidence that indict former Presidents and corporate businessmen with deliberately steering the global education system towards the singular mission of producing obedient factory workers to serve the corporate industrialists during the Industrial Revolution. Furthermore, there are mountains of evidence, direct from the horse's mouth, that their continued mission for the academic system today is to produce obedient servants to the State and to kill any individualism and critical thinking that may lead to an awakened state among the masses that would challenge the moral authority of those in power.
John Taylor Gatto, one of the most well-known and outspoken critics of the public education system, quit his 30-year teaching career in 1991, because confined within the system, Gatto believe he was hurting children more than helping them. He stated the following as his reason for leaving institutional academia:
"I feel ashamed that so many of us cannot imagine a better way to do things than locking children up all day in cells instead of letting them grow up knowing their families, mingling with the world, assuming real obligations, striving to be independent and self-reliant and free...I don't mean to be inflammatory, but it's as if government schooling made people dumber, not brighter; made families weaker, not stronger...the training field for these grotesque human qualities is the classroom. Schools train individuals to respond as a mass. Boys and girls are drilled in being bored, frightened, envious, emotionally needy, and generally incomplete. A successful mass production economy requires such a clientele. A small business, small farm economy like that of the Amish requires individual competence, thoughtfulness, compassion, and universal participation; our own requires a managed mass of leveled, spiritless, anxious, family-less, friendless, godless, and obedient people who believe the difference between Cheers and Seinfeld is a subject worth arguing about. An executive director of the National Education Association announced that his organization expected 'to accomplish by education what dictators in Europe are seeking to do by compulsion and force.' You can't get much clearer than that. WWII drove the project underground, but hardly retarded its momentum. Following cessation of global hostilities, school became a major domestic battleground for the scientific rationalization of social affairs through compulsory indoctrination." I precisely stated in my article yesterday, "Refuse to accept something as fact just because an authority figure, whether a professor, the Vatican, or politician, told you to believe it, and automatically many amongst the sheep will accuse one of pandering to conspiracy theories, even when one can present many facts that support one's opposition view much more strongly than the widely accepted view" in the hopes that people would read this line and digest historical facts before dismissing the main points of my article. Yet, from reading the comments posted below my article yesterday, it seems as though some may have dismissed my argument before even examining the facts.
Mr. O.A. Nelson, retired educator, recounted a December 1928 meeting in which he spoke to the American Association for the Advancement of Science. His recollection of the meeting below addresses some of the comments posted on my article from yesterday regarding the importance of sciences.
"We were 13 at the meeting. Two things caused Dr. Ziegler, who was Chairman of the Educational Committee of the Council on Foreign Relations, to ask me to attend...my talk on the teaching of functional physics in high school, and the fact that I was a member of Progressive Educators of America, which was nothing but a Communist front. I thought the word 'progressive' meant progress for better schools. Eleven of those attending the meeting were leaders in education. Drs. John Dewey and Edward Thorndike, from Columbia University, were there, and the others were of equal rank. I checked later and found that all were paid members of the Community Party of Russia. I was classified as a member of the Party, but I did not know it at the time. The sole work of the group was to destroy our schools! we spent one hour and forty-five minutes discussing the so-called 'Modern Math.' At one point I objected because there was too much memory work, and math is reasoning; not memory. Dr. Ziegler turned to me and said, 'Nelson, wake up! That is what we want… a math that the pupils cannot apply to life situations when they get out of school!' That math was not introduced until much later, as those present thought it was too radical a change. A milder course by Dr. Brechner was substituted but it was also worthless, as far as understanding math was concerned. The radical change was introduced in 1952. It was the one we are using now. So, if pupils come out of high school now, not knowing any math, don't blame them. The results are supposed to be worthless." While I agree that sciences are critical for learning and also critical for the development of reasoning skills, Dr. Ziegler's comments reveal that men like him, men that helped shape our academic system, clearly did not want sciences to be taught in a manner that would improve critical thinking and reasoning skills, but instead, in a manner that was completely inapplicable to real life situations.
It is not a coincidence that after I graduated from university, I often would comment to my friends, "You know what, there is not one thing I learned in school that I apply in life today." In fact, the inapplicability of schooling in life reaches far back from even my university days. When I was 14, I had already completed two years of advanced calculus, and believed in a typical teenager bout of self-delusion, that I was some sort of mathematical genius. But in reality, outside of the praise of my teachers, what was the point of my mathematical "progress" back then? Yes, it enabled me to score a perfect score on the math portion of the SATs and then gain entrance into an Ivy League university. However, in retrospect and in complete absurdity, I cannot think of one instance since my educational career ended that I have ever applied, in real life, anything that I learned during my years of mathematical schooling. It is as if the purpose of my institutional mathematical training was solely to enable me to gain a higher score on a standardized test, a ridiculous purpose if there ever was one. And today? Because all I did was memorize advanced mathematical formulas back then, I have long since forgotten them all, and nothing is applicable to my life today just as Dr. Ziegler of the CFR had desired.
In great irony, it was the very inapplicability of education that allowed me to excel through the system. The advantage I held over all my peers was that I had a photographic memory. I recall even as early as the 6th grade when I could read a passage about the Civil War a single time and remember exactly how many soldiers died from each side in each battle and on what specific date in history. Because the academic system stressed rote memory and regurgitation without any true learning, my photographic memory served me exceedingly well and my teachers labeled me as "gifted" and heaped extra attention upon me, even though I never really began to learn how to critically think until I read books on my own outside of the academic system and after I had already graduated from university.
But what if sciences were taught in a manner that developed critical thinking and reasoning skills? How much easier today would it be today to actually convince people of the fact that the global monetary and Central Banking system is a criminal, immoral system deliberately designed by corporate thieves to harm people instead of help people? How much easier would it be to convince people of State run false flag propaganda such as the bogus enemy engagement of the USS Maddox in the Gulf of Tonkin at the time it happened instead of 40 years later? How much easier would it be to convince people that the two-party system in America is just an illusion to con people into believing they have a choice when no real choice is ever offered to people in elections? Of course, the answer is that it would be infinitely easier.
The lack of developed critical thinking skills in the institutional academic system is also the reason why people continue to falsely believe the propaganda of banker shills that a gold standard helped cause the Great Depression and why it is so difficult to convince Westerners of the value of gold and silver but infinitely easier to convince Asians of the value of gold and silver. The stark dichotomy is due simply to the fact that people believe what the State tells them to believe. Logic, reasoning, and critical thinking are all meals on the menu of threats to the power of the status quo. And this is why the goal of academic education by the elites is to strip away reasoning skills from subjects such as math that inherently rely on reasoning. This is also the reason why institutional academia will never change and that those that wish for it to change find that they cannot work within the system but have to leave it. My friend, Alyssa Gonzales, decided that operating outside of the system and founding her own school, Los Feliz Charter School for the Arts, was the best solution to be able to encourage, instead of suppress, the development of critical thinking and reasoning skills of young children. If you live in Los Angeles, please visit her school and support Ms. Gonzales's efforts, described at their website as the following:
"In contrast to curriculum found in a traditional public school setting which stresses teaching and learning in the areas that can be most easily assessed by standardized testing measures, arts-integrated curriculum develops the whole child: kinesthetic, musical, spatial, interpersonal, intrapersonal and natural intelligences. At LFCSA, we challenge children to construct their own meaning from complex ideas and concepts. Acknowledging that students learn and demonstrate what they know in a variety of ways, our instruction allows children to see, hear, and express according to their individual learning styles." In support of spreading awareness of the true intent of corporate businessmen that have "donated" billions of dollars to shape the curricula of the most "prestigious" schools in the world today, here is a video titled "The Dark Secrets of Public Education". Certainly, this video deserves a thousand times more views than the current 9,900 views it has thus far received. If you would like for our communities to be more thoughtful, more open-minded, and more co-operative in the future instead of obedient to the powers that be, please send this article and video to everyone you know so we can foster a more honest and open debate about the State's goals of institutional academia. Thank you.
And finally for the humorous end-product of institutional academics, we present to you Miss Carolina with an analysis by late night talk show host Jimmy Kimmel.
| ||||
| End of Tax Loss Selling in Graphs Posted: 12 Jan 2012 06:12 PM PST Just below are a few examples that we think illustrate the effects of tax loss selling and more importantly, the end of it. These are 3-month Volume Candle charts which weight the trading periods (in this case 1-hour increments) by volume. The more volume the larger and wider the trading bar and volume indicator. The graphs are self explanatory. See if you agree they show the peak of tax loss selling, with most occurring around the middle of December. (Evolving Gold, above. Click on any of the graphs to see a larger version.)
(Kaminak Resources)
(Golden Predator Resources)
(Mega Precious Metals)
| ||||
| Posted: 12 Jan 2012 06:00 PM PST Bullion Vault
| ||||
| Jim Rickards - War With Iran has Begun, Gold to Break $2,000 Posted: 12 Jan 2012 05:36 PM PST  With oil near $100, gold and silver on the move and many people worried about what is going to happen with Iran and the Straits of Hormuz, today King World News interviewed resident expert Jim Rickards. Rickards negotiated the release of US hostages from Iran in 1981. His advisory clients include government directorates around the world and he is heavily involved in US national security issues and the Department of Defense.Rickards has also gained international recognition for his deadly accurate predictions regarding moves by central planners. This is what Rickards had to say about the situation in Iran: "Eric, this really could not be more serious. The fact that we, meaning the United States, are on a path to a war with Iran is very clear at this point. It does seem the countdown has begun and it's coming to a head sooner rather than later."
This posting includes an audio/video/photo media file: Download Now | ||||
| Gold is Investors' Favorite Asset in 2012: Poll Posted: 12 Jan 2012 04:55 PM PST ¤ Yesterday in Gold and Silver It was a very quiet trading day for both gold and silver yesterday. In gold, the high tick came shortly after 3:00 p.m. Hong Kong time...and from there, the gold price wandered around within five bucks of the $1,640 spot price for the rest of the Wednesday trading day. Gold closed at $1,643.00 spot...up $10.80 on the day. Volume, net of all roll-overs out of the February contact, was around 130,000 contracts...almost the same as Tuesday's volume. This is quite big volume considering the lack of price movement. The silver price didn't do too much either. It was pretty steady until 2:00 p.m. Hong Kong time...and then rose to its high of the day at 10:00 a.m. in London, before getting sold off to its low of the day about five minutes after Comex trading began in New York. The subsequent price rally ended around 11:40 a.m. Eastern time...and then declined about 30 cents going into the close of Comex trading. From there it traded prett...
| ||||
| Miners see gold price hitting $2,000 this year Posted: 12 Jan 2012 04:45 PM PST Gold will soar to $2,000 (£1,300) an ounce this year, according to industry insiders. 
This posting includes an audio/video/photo media file: Download Now | ||||
| Gold Seeker Closing Report: Gold and Silver End With Modest Gains Posted: 12 Jan 2012 04:00 PM PST Gold climbed over $20 to $1661.85 by about 10AM EST before it fell back to $1643.77 by about 2:30PM EST, but it then bounced back higher into the close and ended with a gain of 0.48%. Silver surged to $30.654 before it fell back to $29.897, but it also bounced back higher in late trade and ended with a gain of 0.77%.
| ||||
| Silver Update: 1/12/12 Overwhelming Demand Posted: 12 Jan 2012 03:12 PM PST | ||||
| Foreigners Sell Record $85 Billion In Treasurys In 6 Consecutive Weeks - Time To Get Concerned? Posted: 12 Jan 2012 02:34 PM PST But at least the mass dump in Treasurys explains the $100 swing higher in gold in the past month.
| ||||
| With luck this soon will be an important estate-planning question Posted: 12 Jan 2012 02:33 PM PST Leaving Your Gold Fillings to Your Heirs By Clay Thompson http://www.azcentral.com/members/Blog/claythompson/152765 Today's question: "With the price of gold being so high, how does a person make arrangements for his gold fillings and/or caps to be removed after his death and left to his heirs? If it is written in a will, wouldn't the person be dead and buried or cremated before the family might know? How many fillings and/or caps would make it worthwhile?" Well, that's sort of a morbid question, isn't it? Have we been feeling a sense of our own mortality lately? I bet you and your fillings are good for a lot more years, or at least I hope you and those fillings are. Now this is a matter I don't believe I have ever had need to ponder before. All of my grandparents and both my parents have joined the choir invisible without any of their heirs wondering what their teeth might be worth, or at least not as far as I know. ... Dispatch continues below ... ADVERTISEMENT Be Part of a Chance to Discover Northaven Resources Corp. (TSX-V:NTV) is advancing five gold and silver projects in highly prospective and politically stable British Columbia, Canada. Check out the exploration program on our Allco gold/silver project : -- A large (13,000 hectare) property, covering more than 15 square kilometers of a regional mineralized trend just 3km from a recently announced 1.2-million-ounce gold and 15-million-ounce silver deposit. -- The property hosts historic high-grade silver workings and many mineral showings as well as former mines at the property's northern and southern boundaries. -- A deep-penetrating airborne geophysics survey has just been completed on the entire property and neighboring deposits and its results are eagerly awaited. To learn more about the Allco property or Northaven's other gold and silver projects, please visit: http://www.northavenresources.com Or call Northaven CEO Allen Leschert at 604-696-3600. But if this is something you truly are concerned about, I think you should not wait until you have shuffled off this mortal coil to do something about it. Tell your potential heirs or your potential undertaker or whatever person might be taking care of your remains that you want that gold extracted and passed along to others. If you don't mind -- and I am sure this never occurred to you -- please don't leave any of that tooth gold to me. I think that would be sort of creepy. As to what such gold tooth stuff might be worth, beats me. The price of gold fluctuates. So if you are planning on dying any time soon and your gold fillings are in situ, so to speak, you might want to check the markets and plan accordingly.
Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/conference-details/vancouver-resource-investme... California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... Support GATA by purchasing a silver commemorative coin: 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 Receives Inferred Gold Resource Estimate Company Press Release Golden Phoenix Minerals Inc. (OTC: GPXM) reports that on behalf of Golden Phoenix Panama S.A., the joint venture entity that owns and operates the Santa Rosa gold mine in Panama, it has received from SRK Consulting (U.S.) an initial resource estimate for Mina Santa Rosa. The Santa Rosa project is a volcanic-hosted epithermal gold-silver deposit previously operated as an open pit-heap leach operation. Production ceased in 1999 in part because of low gold prices. SRK Consulting reports an in-situ inferred resource at the former Santa Rosa and ADLM pits totaling 23.1 million metric tonnes at 0.90 grams/tonne gold, for a contained 669,000 ounces of gold at a 0.30 g/t gold cutoff. The resource also contains an average grade of 2.87 g/t silver for a contained 2.1 million ounces of silver. John Bolanos, Golden Phoenix's vice president of exploration, remarks: "In addition to SRK's inferred resource estimate of 669,000 contained ounces of For the company's full statement, including a table detailing the resources at Santa Rose, please visit: http://goldenphoenix.us/press-release/golden-phoenix-receives-initial-ni...
| ||||
| 22 Signs That We Are On The Verge Of A Devastating Global Recession Posted: 12 Jan 2012 02:04 PM PST from The Economic Collapse Blog:
The following are 22 signs that we are on the verge of a devastating global recession…. Read More @ TheEconomicCollapseBlog.com
| ||||
| Posted: 12 Jan 2012 01:59 PM PST by Jeff Nielson, Bullion Bulls Canada:
The reason for this failure is obvious. Decades of saturation-brainwashing have programmed the ordinary person to regard our current monetary system as "normal", or even "proper". Thus any efforts to explain this fraud have been doomed to failure. What is needed is a real-world analogy to pierce this brainwashing, and fortunately such a perfect analogy already exists: "kiting" cheques. Most people are familiar with this colloquialism, as it is an expression which is frequently encountered along-side another, ever more present Western colloquialism: "deadbeat". Deadbeats kite cheques – it's as natural to them as breathing. They write one (bad) cheque to supposedly "cover" another one. And as long as people are foolish enough to accept cheques from a deadbeat, the deadbeat can continue to delay his (or her) own bankruptcy. Read More @ BullionBullsCanada.com
| ||||
| Gold is Approaching The Next New High – Are You Ready? – 01-12-12 Posted: 12 Jan 2012 01:57 PM PST from The Financial Survival Network:
It always seems hardest to jump into a market that appears to be bottoming out in the hopes that you will catch the next wave up. It requires an ability to ignore the pundits and the so-called experts and keeping your wits about you. Gary's been doing it a lot of years, and he's displaying very little concern about the downside of this move. No one knows for sure what tomorrow will bring, however we do know that history often rewards those who have the ability to deviate from the pack. Click Here to Listen to the Interview
This posting includes an audio/video/photo media file: Download Now | ||||
| Outlook for 2012 and Keeping Your Emotions Away From Your Silver Posted: 12 Jan 2012 01:55 PM PST by Dr. Jeff Lewis and Grant Williams, SilverSeek.com:
Hi everyone, it's Dr. Jeff Lewis here with Silvercoininvestor.com and Lewis and Mariani Publishing. I just wanted to wish everyone a Happy New Year and we thought we'd share an interview that I just recorded with Grant Williams the author of the newsletter that I love, it's called Things That Make You Go Hmmm and I hope you enjoy. Take care, and again Happy and healthy New Year to all. Dr. Jeff Lewis:It's my sincere pleasure to speak with Grant Williams, author of the weekly newsletter "Things That Make You Go Hmmm…" Grant is coming to us from Singapore. He produces this entertaining, informative, very clever and down to earth view of current events from the perspective of someone who not only demonstrates a clear passion for history and a knack for weaving the past into the present, but he has also been an active participant in financial markets for quite some time now. We've spoken about this in the past, but perhaps you could give listeners some background on now how what I consider to be this somewhat underground newsletter evolved? Grant Williams: It's been something I've been putting together for two or three years now initially to a small group of friends and some clients out here in Asia. It's just kind of grown in popularity and it's grown in scope as well. It started off as a one-page report put out to people everyday just with a few things that I thought they ought at least be aware of and that they wouldn't probably find on the front page of cnn.com or the BBC News website, these are things that I thought would have a potentially material impact on markets and finance but they weren't necessarily in the mainstream. As it's grown, it's now, I guess in some weeks it can get up to 25, 30 pages long; including a collection of snippets of these articles we're doing to the full piece for people to check out themselves and read.
| ||||
| Gold Shorts Squeezed, Five Major Us Banks Could Fail From Derivatives and More Posted: 12 Jan 2012 01:33 PM PST Dear CIGAs, Eric King of KingWorldNews.com was kind enough to interview me once again on what is going on in these volatile markets. This interview covers the squeeze of the shorts in Gold, five major banks that could fail from derivative exposure, and more. Click here to listen to the interview…
| ||||
| People Don’t Buy Gold to Make Money; They Buy It Because They Have Money Posted: 12 Jan 2012 01:00 PM PST You heard the saying, but what does it really mean? We live in a world where performance is stressed. Hedge funds can be measured on a monthly basis. Twenty percent charges on profits are levied by fund making their view short-term. Daily assessments are made, comparing one sector to another giving the impression that short-term performance is what it's all about. But is it? No it is not.
| ||||
| Harvey Organ's Daily Gold & Silver Report Posted: 12 Jan 2012 12:57 PM PST Greece/Italy/Gold rises/ MFGlobal customers will not see their money/Sears
| ||||
| Fed blew the housing bubble, then sought to pop it, transcripts show Posted: 12 Jan 2012 12:04 PM PST "Market intervention is why central banking was invented. Intervening in markets is what central banks do. They have no other purpose. ...And so we have come to an era of daily market interventions by central banks -- so much so that the main purpose of central banking now is to prevent ordinary markets from happening at all." -- Remarks by a high school graduate at GATA's conference in Washington, April 18, 2008. (See http://www.gata.org/node/6242.) * * * Transcripts Show Fed Wanted Housing Slowdown By Robin Harding http://www.ft.com/intl/cms/s/0/bba0cc8a-3d40-11e1-b0e4-00144feabdc0.html WASHINGTON -- The US Federal Reserve fretted about a slowdown in housing in 2006, but never considered the possibility that it could cause a financial crisis, according to complete transcripts of that year's meetings. Almost every Fed policymaker concluded that weaker housing would cause a slowdown in consumption and investment but expected that to offset strength elsewhere in the economy, leading to continued growth overall. "Housing is the crucial issue. To get a soft landing, we need some cooling in housing," said Ben Bernanke, Fed chairman, in his summing up of the economic situation in March 2006. "I think we are unlikely to see growth being derailed by the housing market." ... Dispatch continues below ... ADVERTISEMENT Prophecy Drills 384.9 Meters Grading 0.623 g/t PGM+Au, Company Press Release VANCOUVER, British Columbia -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) has announced the final drill results from 2011 drilling at the company's fully owned Wellgreen platinum group metals, nickel, and copper project in the Yukon Territory. Borehole WS11-192 intercepted 384.9 meters of 0.45 percent nickel equivalent starting from 9.45 meters depth. Included in this greater interval of continuous mineralization is a platinum group metals-rich zone with a combined platinum-palladium-gold grade of 1.358 grams per ton over 19.23 meters (nickel equivalent 0.74%). The final drilling results for 2011 have shown the Wellgreen Central-East and Central-West deposits to be one contiguous body, whereby there is good potential to broaden significantly the Central-West resource base, which currently contributes only about a quarter of the current 43-101 compliant resource at Wellgreen. Overall the drilling program met with good success in expanding the resource to the east and south. The long drill intercepts suggest the deposit remains very much open in those directions. For the complete drilling results and the full company statement, please visit: http://prophecyplat.com/news_2011_dec08_prophecy_platinum_wellgreen_dril... The transcripts, released on Thursday, highlight the failure of the Fed -- one matched by most other central banks, commentators, and economists around the world -- to spot dangers to the financial system from subprime mortgage lending. That complacency set the stage for the devastating crisis that began in the summer of 2007. Throughout 2006, Fed officials were aware that a sharp slowdown in house building and sales was under way. "Even the Carolinas are starting to fold over, and the weakest area is California," said Richard Fisher, Dallas Fed president, at the August meeting. "The big five builders and other homebuilders are reacting as you might expect. They are cutting staff." Indeed, a number of Fed officials saw the housing slowdown as welcome news that would help resolve a potential threat to the economy. "As to housing, we are in fact, as all have noted, squeezing out of that sector the speculative excesses that developed with the low interest rates of recent years -- and doing so is unavoidable if we want to correct the sector," said Thomas Hoenig, then president of the Kansas City Fed, at the September 2006 meeting of the FOMC. Fed officials made special efforts to talk to housebuilders, reflecting their fears about investment and consumption, but there is little evidence that they looked at where the credit to support the previous housing boom was coming from. "Predatory lending is rearing its head at the lower end of the scale, and it's something we have to continue to watch for. However, before I leave housing, let me just say that the bottom line is that overall mortgage credit quality is still very, very strong. We're seeing predatory lending only in pockets of the market," said Susan Bies, another governor, at the September meeting. The transcript of the October 2006 meeting also describes Mr Bernanke"s first attempt to push the FOMC toward an explicit inflation objective, something that he has now returned to and which will be up for debate at the Fed's next meeting in a couple of weeks. The transcripts reveal widespread support for setting a clear inflation objective on the FOMC, but most members, including Mr Bernanke, preferred to move gradually. Then, as now, the biggest concern was how putting a number on the Fed's inflation goal would affect its other objective of maximum employment. "I support the enunciation of a long-run numerical inflation objective," said Janet Yellen, then president of the San Francisco Fed and now the vice-chair leading the Fed's communications review, at the October 2006 meeting. "My main worry is the potential for de-emphasis on the other part of our mandate, namely maximum sustainable employment. Such a de-emphasis could occur in the minds of the public, and I could easily see how it could affect our own deliberations." Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/conference-details/vancouver-resource-investme... California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... 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 Sona Discovers Potential High-Grade Gold Mineralization From a Company Press Release VANCOUVER, British Columbia -- With its latest surface diamond drilling program at its 100-percent-owned, formerly producing Blackdome gold mine in southern British Columbia, Sona Resources Corp. has discovered a potentially high-grade gold-mineralized area, with one hole intersecting 13.6 grams of gold in 1.5 meters of core drilling. "We intersected a promising new mineralized zone, and we feel optimistic about the assay results," says Sona's president and CEO, John P. Thompson. "We have undertaken an aggressive exploration program that has tested a number of target zones. Our discovery of this new gold-bearing structure is significant, and it represents a positive development for the company." Sona aims to bring its permitted Blackdome mill back into production over the next year and a half, at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome mine and the nearby Elizabeth gold deposit property. A positive preliminary economic assessment by Micon International Ltd., based on a gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered. For the company's complete press release, please visit: http://www.sonaresources.com/_resources/news/SONA_NR18_2011-opt.pdf
| ||||
| Frank Holmes Makes the Investment Case for Gold on CNBC Posted: 12 Jan 2012 11:39 AM PST Frank Holmes talks the Fear Trade and Love Trade with CNBC "Street Signs" co-hosts Brian Sullivan and Amanda Drury. Frank explains why the price pullback in December 2011 and soft jewelry demand during the third quarter of 2011 are temporary developments to a strong long-term story for gold prices.
| ||||
| The Gold Price Rose Another Level up $8.10 on Comex Closing at $1,647.30 Posted: 12 Jan 2012 11:38 AM PST Gold Price Close Today : 1647.30 Change : 8.10 or 0.5% Silver Price Close Today : 3009.20 Change : 23.40 cents or 0.8% Gold Silver Ratio Today : 54.742 Change : -0.158 or -0.3% Silver Gold Ratio Today : 0.01827 Change : 0.000052 or 0.3% Platinum Price Close Today : 1496.90 Change : 5.00 or 0.3% Palladium Price Close Today : 634.25 Change : -10.05 or -1.6% S&P 500 : 1,295.50 Change : 3.02 or 0.2% Dow In GOLD$ : $156.50 Change : $ (0.49) or -0.3% Dow in GOLD oz : 7.571 Change : -0.023 or -0.3% Dow in SILVER oz : 414.43 Change : -2.53 or -0.6% Dow Industrial : 12,471.02 Change : 21.57 or 0.2% US Dollar Index : 81.31 Change : 0.503 or 0.6% Yet again the GOLD PRICE ratcheted up another level. Today's low, $1,642, again fell above yesterday's close (1,639.20). GOLD closed Comex up $8.10 at $1,647.30. Overhead it probed and penetrated $1,650 resistance, reaching $1,661.50, but couldn't hold on. Makes no nevermind, as this stair-step pattern constitutes strong bullish action. The SILVER PRICE sneaked through 3025c resistance and ran clean to 3064.3c before any sellers caught on. Finished the day above the next milestone, 3000c, at 3009.2c, up 23.4c. Never fell lower than 2989c. To keep the reins on its rally, SILVER ought not drop lower than 3025c tomorrow, and ought to jump one more step, say, closing above 3100c. That ought not stretch silver too hard, but when it nears 3200c, watch out. Already silver stands above its 20 day moving average -- 2905c -- and is nearing the 50 dma (3140c). Much more important, the last three days silver has closed ABOVE its downtrend line stretching back to the September high. Folks, a 3-day close above a trend line is a BREAKOUT. Around 3200c silver will encounter great enemies, and may need to fall back and regroup, but it has energy and strength. The Long Dry Spell has ended. Tear off the top of the chart, where the label is, and ponder with me for a moment this picture. It is a broadening top, a well-known and fatal topping formation. Draw a line from the March and June 2010 lows, and another line from the May and June/July highs. You have constructed a long, narrow equilateral triangle. Half way through forming that triangle, the market falls OUT of the triangle, free falls, then catches. Since then it has been building an enormous rising wedge, a bearish formation that usually breaks out downside. Now that market has traded up off its October lows all the way to the bottom boundary of that triangle. Whoops! Did I fail to mention that it stands dead under where the triangle's upper AND lower boundaries cross? Double the pleasure, double the fun, double the resistance. Only conclusion I can draw from this chart is . . .? That it will shortly drop like your English 101 grades after you stopped studying and started staying out all night drinking beer and carousing with your low-life buddies. Count on it, semester grades WILL be published. I have just described to you the chart of the Dow Jones Industrial average. Today the Dow gained a gnat's moustache 21.57 points to close at 12,471.02, still stymied by the doubled resistance overhead. S&P 500 rose 3.02 to 1,295.50, also flea-bite stuff. A bad break is coming. The US dollar today flew like an anvil over the Grand Canyon. Gave up all that it had gained on Wednesday and closed near Tuesday's low, down 52.3 basis points (0.67%) to 80.828. Changes no part of the long term outlook. Yen and euro rose today, yen slightly to 130.27 (0.12%) and euro more spicily to 1.2817 (+0.85%). Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. 
| ||||
| Why is Gold rallying with the Dollar ? Posted: 12 Jan 2012 11:25 AM PST Gold Returns to Safe Haven Status : Why is Gold... [[ This is a content summary only. Visit my website http://goldbasics.blogspot.com for full Content ]] 
This posting includes an audio/video/photo media file: Download Now | ||||
| Posted: 12 Jan 2012 11:03 AM PST If you'd like to listen to the interview, please go to Grant Williams site here. Grant Williams is portfolio manager and strategist for Vulpes Investment Management in Singapore – a hedge fund running $200million of largely partners' capital across multiple strategies. In 2012, all Vulpes funds will be opened to outside investors. Grant has 26 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses. Grant also writes the popular investment blog 'Things That Make You Go Hmmm…..' which is available to subscribers. For more information on Vulpes please visit About Vulpes | Vulpes Investment Transcript Hi everyone, it's Dr. Jeff Lewis here with Silvercoininvestor.com and Lewis and Mariani Publishing. I just wanted to wish everyone a Happy New Year and we thought we'd share an interview that I just recorded with Grant Williams the author of the newsletter that I love, it's c...
| ||||
| Renewed Iranian Worries Support Silver and Gold Prices Posted: 12 Jan 2012 10:59 AM PST Even as the last of the U.S.'s troops exit Iraq, a set of fresh developments have fuelled the West's growing concerns over neighboring Iran's nuclear and military capabilities. These factors have provided considerable indirect support for silver and gold prices in the early trading sessions of 2012 as investor safe haven demand has again increased significantly after relaxing somewhat during late December's holiday period. In response to announcements by Iran that it had successfully tested its homemade nuclear power fuel rods, the EU and U.S. each moved to implement substantial economic sanctions against the Middle Eastern nation, resulting in severe domestic currency pressure. Also, Iran has been holding naval maneuvers and has reportedly tested its long range missiles in recent days, which has further increased tensions with the West. As a result of these Iran related events, both precious metals have started off the first two weeks of 2012 with a notable rally...
| ||||
| Eric Sprott: "The Financial System Is A Farce" Posted: 12 Jan 2012 10:56 AM PST We will maintain our exposure to precious metals equities and bullion.
| ||||
| Gold is Approaching The Next New High-Are You Ready?–01-12-12 Posted: 12 Jan 2012 10:43 AM PST Gary Wagner stopped by the show today to explain why technical analysis along with a fundamental grasp of the underlying economic trends and issues gives us the best understanding of where gold and silver are heading. He is quite sure that the vicious precious metals correction has run its course and that we are now witnessing a new upward leg in the precious metals/commodities super-bull market. This means returns for those who are in already will abound, and buying now will be extremely positive. It always seems hardest to jump into a market that appears to be bottoming out in the hopes that you will catch the next wave up. It requires an ability to ignore the pundits and the so-called experts and keeping your wits about you. Gary's been doing it a lot of years, and he's displaying very little concern about the downside of this move. No one knows for sure what tomorrow will bring, however we do know that history often rewards those who have the ability to deviate from the pack. Please send your questions/comments to kl@kerrylutz.com or call us at 347-460-LUTZ.
This posting includes an audio/video/photo media file: Download Now | ||||
| TF Metals Report: Proceeding As Planned Posted: 12 Jan 2012 10:10 AM PST Yesterday, gold fell 4000 contracts despite being up over $8 in price. This clearly indicates continued cartel short covering, Silver was similar...
| ||||
| Theft, RICO lawsuit targets MF Global, CME Group, MorganChase Posted: 12 Jan 2012 10:03 AM PST 6p ET Thursday, January 12, 2012 Dear Friend of GATA and Gold: Our friends at the Philadelphia law firm of Berger and Montague this week brought a class-action lawsuit in federal court in New York, charging theft and misappropriation, against people connected with the failed commodity brokerage firm MF Global, including its former CEO, former New Jersey U.S. Sen. and Gov. Jon Corzine; MF Global's enabler and supposed regulator, CME Group; and the investment bank JPMorganChase. The lawsuit is brought under both the Commodity Exchange Act and the Racketeer-Influenced Corrupt Organizations Act -- the famous RICO. (Maybe the lawsuit can determine where MorganChase put Judge Crater.) MF Global clients interested in participating in the lawsuit should contact Berger and Montague's Merrill Davidoff at mdavidoff@bm.net or 215-875-3084 or Michael DellAngelo at mdellangelo@bm.net or 215-875-3080. The lawsuit's complaint is posted at GATA's Internet site here: http://www.gata.org/files/MFGlobalClassAction-01-12-2012.pdf CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Be Part of a Chance to Discover Northaven Resources Corp. (TSX-V:NTV) is advancing five gold and silver projects in highly prospective and politically stable British Columbia, Canada. Check out the exploration program on our Allco gold/silver project : -- A large (13,000 hectare) property, covering more than 15 square kilometers of a regional mineralized trend just 3km from a recently announced 1.2-million-ounce gold and 15-million-ounce silver deposit. -- The property hosts historic high-grade silver workings and many mineral showings as well as former mines at the property's northern and southern boundaries. -- A deep-penetrating airborne geophysics survey has just been completed on the entire property and neighboring deposits and its results are eagerly awaited. To learn more about the Allco property or Northaven's other gold and silver projects, please visit: http://www.northavenresources.com Or call Northaven CEO Allen Leschert at 604-696-3600. Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/conference-details/vancouver-resource-investme... California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... Support GATA by purchasing a silver commemorative coin: 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 Receives Inferred Gold Resource Estimate Company Press Release Golden Phoenix Minerals Inc. (OTC: GPXM) reports that on behalf of Golden Phoenix Panama S.A., the joint venture entity that owns and operates the Santa Rosa gold mine in Panama, it has received from SRK Consulting (U.S.) an initial resource estimate for Mina Santa Rosa. The Santa Rosa project is a volcanic-hosted epithermal gold-silver deposit previously operated as an open pit-heap leach operation. Production ceased in 1999 in part because of low gold prices. SRK Consulting reports an in-situ inferred resource at the former Santa Rosa and ADLM pits totaling 23.1 million metric tonnes at 0.90 grams/tonne gold, for a contained 669,000 ounces of gold at a 0.30 g/t gold cutoff. The resource also contains an average grade of 2.87 g/t silver for a contained 2.1 million ounces of silver. John Bolanos, Golden Phoenix's vice president of exploration, remarks: "In addition to SRK's inferred resource estimate of 669,000 contained ounces of For the company's full statement, including a table detailing the resources at Santa Rose, please visit: http://goldenphoenix.us/press-release/golden-phoenix-receives-initial-ni...
This posting includes an audio/video/photo media file: Download Now | ||||
| Posted: 12 Jan 2012 09:40 AM PST 5:20p ET Thursday, January 12, 2012 Dear Friend of GATA and Gold (and Silver): Sprott Asset Management's John Embry today jumps on to silver's saddle and rides off into the sunset, if not shouting, "Hi-yo, Silver! Away!," then at least muttering, "Don't say I didn't warn you." First is Embry's essay in Investor's Digest of Canada, where he writes that bouts of price suppression in the monetary metals will be once again just prerequisites for the next big moves up: http://www.sprott.com/Docs/InvestorsDigest/2011/MPLID_123011_pg461Emb.pd... And then in an interview with King World News he speculates that the massive amount of gold being imported into China is coming from Western central banks or the main gold exchange-traded fund. An excerpt from that interview is posted at the King World News blog here: CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Sona Discovers Potential High-Grade Gold Mineralization From a Company Press Release VANCOUVER, British Columbia -- With its latest surface diamond drilling program at its 100-percent-owned, formerly producing Blackdome gold mine in southern British Columbia, Sona Resources Corp. has discovered a potentially high-grade gold-mineralized area, with one hole intersecting 13.6 grams of gold in 1.5 meters of core drilling. "We intersected a promising new mineralized zone, and we feel optimistic about the assay results," says Sona's president and CEO, John P. Thompson. "We have undertaken an aggressive exploration program that has tested a number of target zones. Our discovery of this new gold-bearing structure is significant, and it represents a positive development for the company." Sona aims to bring its permitted Blackdome mill back into production over the next year and a half, at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome mine and the nearby Elizabeth gold deposit property. A positive preliminary economic assessment by Micon International Ltd., based on a gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered. For the company's complete press release, please visit: http://www.sonaresources.com/_resources/news/SONA_NR18_2011-opt.pdf Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/conference-details/vancouver-resource-investme... California Investment Conference http://cambridgehouse.com/conference-details/california-investment-confe... 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 Prophecy Drills 384.9 Meters Grading 0.623 g/t PGM+Au, Company Press Release VANCOUVER, British Columbia -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) has announced the final drill results from 2011 drilling at the company's fully owned Wellgreen platinum group metals, nickel, and copper project in the Yukon Territory. Borehole WS11-192 intercepted 384.9 meters of 0.45 percent nickel equivalent starting from 9.45 meters depth. Included in this greater interval of continuous mineralization is a platinum group metals-rich zone with a combined platinum-palladium-gold grade of 1.358 grams per ton over 19.23 meters (nickel equivalent 0.74%). The final drilling results for 2011 have shown the Wellgreen Central-East and Central-West deposits to be one contiguous body, whereby there is good potential to broaden significantly the Central-West resource base, which currently contributes only about a quarter of the current 43-101 compliant resource at Wellgreen. Overall the drilling program met with good success in expanding the resource to the east and south. The long drill intercepts suggest the deposit remains very much open in those directions. For the complete drilling results and the full company statement, please visit: http://prophecyplat.com/news_2011_dec08_prophecy_platinum_wellgreen_dril...
| ||||
| Goldrunner Called $1,920 Gold High Exactly; Now Expects $3,000 – $3,500 by Mid-Year Posted: 12 Jan 2012 09:29 AM PST The "US Dollar Index" has little relationship to the "Value of the USD" once the other paper currencies in the basket are being devalued aggressively.
|
2012 is shaping up to be a very tough year for the global economy. All over the world there are signs that economic activity is significantly slowing down. Many of these signs are detailed later on in this article. But most people don't understand what is happening because they don't put all of the pieces together. If you just look at one or two pieces of data, it may not seem that impressive. But when you examine all of the pieces of evidence that we are on the verge of a devastating global recession all at once, it paints a very frightening picture. Asia is slowing down, Europe is slowing down and there are lots of trouble signs for the U.S. economy. It has gotten to a point where the global debt crisis is almost ready to boil over, and nobody is quite sure what is going to happen next. The last global recession was absolutely nightmarish, and we should all hope that we don't see another one like that any time soon. Unfortunately, things do not look good at this point.
To date, I and every other economic commentator have failed dismally in our efforts to communicate the insane manner in which all Western economies have been mismanaged (and effectively bankrupted). Specifically, we have failed to convey to the average person the inherent fraud of the Western (and now global) monetary system.
| You are subscribed to email updates from Save Your ASSets First To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment