Gold World News Flash |
- Europe Opens Weak Ignoring Overnight US Exuberance
- Make Gold Your Valentine
- Trading above the Clouds
- Gold is Free Enterprise Money
- Gold Wars: The Battle Against Sound Money As Seen From A Swiss Perspective
- Here we go Again...
- *Breaking Interview* Central Banks Trying To Keep Gold From Rising Violently
- Transcript of Chris Waltzek’s Interview with Ron Paul
- Fitzwilson - The Entire Planet’s Financial System is at Stake
- Gold Seeker Closing Report: Gold and Silver End Slightly Lower
- CNBC DOES MMR ON MONEY DEMAND
- What Do Historical Gold Price Patterns Suggest for the Future Price of Gold?
- Invested in Gold Miners? If So, Now May Be Time to Pull the Plug and Exit! Here?s Why
- Infographic: Visualizing The True Cost Of War
- India's Gold
- Oil at Risk on Euro Zone GDP Drop, Gold Eyes Fed Minutes for QE3 Clues
- Rewards Will Be Great In Rare Earth Mining
- It's All about Differentials
- Grandich Client Sunridge Gold
- A Warning Sign For The World
- Harvey Organ's Daily Gold & Silver Report
- Keith Barron: This is Financial Armaggedon, Lehman x 1,000
- Central banks trying to limit gold's volatility, Sinclair tells King World News
- Guest Post: Wall Street Has A Sad :-(
- Barron - This is Financial Armaggedon, Lehman x 1,000
- Introducing The "Paulson Overhang" - Everything Paulson Sold In Q4 Has Soared
- Japan Begins Hyper-Printing / Greek GDP Falters / European Meeting Cancelled Tomorrow / Moody's Threaten UK With Downgrade
- Gold Price Remains in a Bull Market the Longer it Drags the More Likely it will Resolve Upwards
- Money, Banking, and the Federal Reserve
| Europe Opens Weak Ignoring Overnight US Exuberance Posted: 14 Feb 2012 07:10 PM PST European corporate and financial credit markets are opening weak this morning - ignoring the exuberance in overnight ES futures (11,000 contracts in seconds on rumor of China for 10pt jump?) which is also leaking back rapidly to VWAP (even as European equity markets continue to levitate). Financials especially are now beyond yesterday's wides with subordinated spreads the underperformer for now. This extends from our comments yesterday that were picked up on CNBC with regard to the 'stigma-trade' in LTRO-encumbered banks (which is widening further this morning) as well as broad divergence between stocks and credit. Concerns over Ireland's fiscal consolidation plans balanced with a very slight beat on German GDP (though still negative) are seeing EURUSD leak back off its best levels of the night after it bounced off 1.31 in late US trading (on Samaras rumors then extended by this China chatter). Gold and Silver are pushing higher while Copper and Oil are stable for now (though notably up from yesterday's European close). European sovereigns are quiet for now while US Treasuries are slightly better bid.
Perhaps a quick refresher on the current state of affairs in the US, Europe, and Japan is in order: the financial sectors in all these regions are over-leveraged and almost entirely opaque; on a medium- to long-term basis the regions' balance sheets are insolvent - with no hope of paying expected entitlements/benefits/moneys-owed no matter what level of growth, despair of austerity, or taxing-the-rich is put in place; Fiscal, tax, and regulatory policies are unsound and in no way designed to spark growth or efficiency; and monetary policy is entirely extreme and experimental.
As was noted to us by several readers today from an uncited hedge fund manager: "If global stock markets rise sharply, the increase might not be caused by savvy investors' shrewd optimistic assessment of the prospects of solid fixes to these problems, but may merely be a symptom of the monetary radicalism and reflect a flight from "paper" to something real or a lack of good alternatives." Chart: Bloomberg
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| Posted: 14 Feb 2012 06:23 PM PST Graceland Update
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| Posted: 14 Feb 2012 06:19 PM PST The Gold Speculator
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| Posted: 14 Feb 2012 05:45 PM PST Mises.org
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| Gold Wars: The Battle Against Sound Money As Seen From A Swiss Perspective Posted: 14 Feb 2012 05:30 PM PST Ferdinand Lips
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| Posted: 14 Feb 2012 04:43 PM PST [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] We had strong downgrades all across Europe and a total jettisoning of risk trades in Tuesday's session with the result that we had a sinking Euro and a surging Dollar. Overnight we learn that now China promises to join the money rain parade and pour its wealth into bailing out Europe to protect its export markets. What do we get as a result of this? A complete reversal of the risk aversion trades with all the money that came pouring out of the markets Tuesday now turning around and flooding right back in again. Up goes gold and silver after both sold off on Tuesday and up goes the Euro and down goes the US Dollar. Presto chango; wave that magic wand and all the woes of the financial world have just disappeared. The promise of more bond purchases by China of European debt has sent the S&P 500 futures through very significant chart resistance at the 1350 in the Asian trading session. It looks ...
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| *Breaking Interview* Central Banks Trying To Keep Gold From Rising Violently Posted: 14 Feb 2012 04:33 PM PST My Dear Extended Family, Click here to listen to the interview… Tonight's interview with Erik King of www.KingWorldNews.com is the summation of the last three special emails and the introduction of the ISDA to you. I feel it is the most important offering that I have made in the past 9 years of our Continue reading *Breaking Interview* Central Banks Trying To Keep Gold From Rising Violently
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| Transcript of Chris Waltzek’s Interview with Ron Paul Posted: 14 Feb 2012 04:20 PM PST Okay. So, glad you're back with us at GoldSeek.com Radio for another Gold Nugget segment. Today's special guest, Congressman Dr. Ron Paul. Dr. Ron Paul wants to take back power from the government and return it to its rightful owners, we the people. He joins me to discuss the domestic economy and the precious metals markets. Welcome back, Dr. Paul.
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| Fitzwilson - The Entire Planet’s Financial System is at Stake Posted: 14 Feb 2012 04:05 PM PST  With gold, silver and stocks on the move, today King World News interviewed 40 year veteran, Robert Fitzwilson. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the Unites States. Fitzwilson told King World News this time around, versus the 1970s, the situation is orders of magnitude worse because it's the entire planet's financial system that is at stake. He also believes we will eventually see panic. Here is what he had to say about what is happening: "The system is structured for chaos. The average holding period on stocks, in mutual funds, has dropped from ten years to two months. People have become speculators, but they just need to get back to investing."
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| Gold Seeker Closing Report: Gold and Silver End Slightly Lower Posted: 14 Feb 2012 04:00 PM PST Gold fell $11.40 to $1712.00 by a little after 8AM EST before it rallied up to $1727.40 in the next couple of hours of trade, but it then fell back off midday and ended with a loss of 0.25%. Silver slipped to $33.329 before it rebounded to $33.818, but it then fell to a new session low of $33.257 and ended with a loss of 0.56%.
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| Posted: 14 Feb 2012 03:44 PM PST  John Carney at CNBC has a very good story on money demand and the recent "taxes drive money" discussion. He takes the MMR position that money demand is not merely a function of the government's ability to impose taxes and that the ability to efficiently mobilize resources into productive uses is the more important link in the demand chain. He says:"This has implications for real world economics, of course. It demonstrates that taxes are not sufficient to give money value—at least, not beyond the level of near-term anticipated taxes. What is required first is the creation of wealth, or genuine economic output. The desire for the products of our economic output drives money. If productivity collapses—or if it is anticipated that productivity will collapse—the value of money will collapse right along with it. Read more.... 
This posting includes an audio/video/photo media file: Download Now |
| What Do Historical Gold Price Patterns Suggest for the Future Price of Gold? Posted: 14 Feb 2012 03:42 PM PST Gold price swings occur somewhat predictably [month after month and]*year after year. What causes this, to what magnitude does it occur and most importantly – how can we profit? [Let me answer those questions.] Words: 890 So says Sam Kirtley ([url]www.skoptionstrading.com[/url])**in edited excerpts from his original article* which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) has edited ([ ]), abridged (…) and reformatted (some sub-titles and bold/italics emphases) below for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. Kirtley*goes on to say, in part: As we all know, two things affect the price of al...
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| Invested in Gold Miners? If So, Now May Be Time to Pull the Plug and Exit! Here?s Why Posted: 14 Feb 2012 03:42 PM PST Do not expect the gold mining sector to go up as a whole. Do not expect gold miners to leverage the gold price. The stock price appreciation will all depend upon the individual stock’s prospects and management competence, as in how the general market rates other investment vehicles as a whole.*[Let me explain.] Words: 687 So says Marco G. ([url]www.goombarhsedge.blogspot.com/[/url]) in edited excerpts from his article “Exit Gold Miners” as posted on [url]www.seekingalpha.com*[/url] which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) has edited ([ ]), abridged (…) and reformatted (some sub-titles and bold/italics emphases) below for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note th...
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| Infographic: Visualizing The True Cost Of War Posted: 14 Feb 2012 02:34 PM PST While we have shown some quite fascinating infographics (here and here) from the folks at Demonocracy, this one may be the most informative. Because while everyone knows by now that if the global "bailout" to preserve the insolvent ponzi were to be paid in crisp, physical $100 bills, the amount of money required would fill countless skyscrapers, and only pales compared to the the amount of money needed to fund the insolvent welfare state which at last check was at over a quarter of a quadrillion, it is another less appreciated aspect of the daily US spending routine that is arguably just as big an offender when it comes to endless wanton spending: the cost of war. Below we present just that, in a series of simple, easy to understand charts that even Nobel peace prize winners should grasp. The true cost of war:
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| Posted: 14 Feb 2012 01:42 PM PST Last night CBS' 60 Minutes aired a great segment on India's penchant for buying gold. I've written a few thoughts, but first watch the segment:
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| Oil at Risk on Euro Zone GDP Drop, Gold Eyes Fed Minutes for QE3 Clues Posted: 14 Feb 2012 01:31 PM PST courtesy of DailyFX.com February 14, 2012 06:09 PM Crude oil and copper prices may decline as Euro Zone GDP contracts, denting the demand outlook. Gold is looking the Fed minutes release to guide QE3 bets. Talking Points [LIST] [*]Crude Oil, Copper Vulnerable Ahead of Euro Zone GDP Figures [*]Gold, Silver Look to FOMC Minutes to Guide QE3 Expectations [/LIST] WTI Crude Oil (NY Close): $100.74 // -0.17 // -0.17% An increasing focus on global economic growth trends puts fourth-quarter Eurozone GDP figures into the spotlight. The result is expected to show output shrank 0.4 percent to mark the first contraction since the region emerged from the Great Recession in mid-2009. Taken collectively, the Euro area is the world’s largest economy so a downturn there naturally bodes ill for crude oil demand. US economic data may emerge as a mitigating factor later in the day. Industrial Production data is expected to show output rose 0.7 percent in January, the most in six months, ...
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| Rewards Will Be Great In Rare Earth Mining Posted: 14 Feb 2012 12:47 PM PST Not long after the New Year dawned, Gold Stock Trades Editor Jeb Handwerger noted certain rare earths emerging from their 2011 slumber to produce impressive gains. It's not yet March, but the good news keeps coming. Despite dire predictions that demand is drying up, Handwerger tells The Critical Metals Report in this exclusive interview that the world remains at risk of supply shortfalls. It's not strictly a rare earths story, either. Read on to see what he has to say about the nascent niobium space. Check out Jeb's recent interview with Quantum Rare Earth Development (QRE.V) CEO Peter Dickie discussing how the Elk Creek deposit in Nebraska may be America's answer to building lighter, stronger and more fuel efficient vehicles. Subscribe to GoldStockTrades free 30 day trial of my premium service to get new recommendations and timely updates on precious metals, uranium and critical metal miners. If you would like immediate access to the archive of GST bulletins click here to order the premium service. Disclosure: Long QRE.V
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| Posted: 14 Feb 2012 12:30 PM PST Synopsis: The acute shortage of available North American oil pipelines is not only causing a bottleneck at American refineries, it's contributing to environmental degradation half a world away. Don't worry – we're not about to take you back to calculus class and the differential equations that would probably still give you nightmares if ever they crossed your mind. The differentials we care about right now don't involve any Greek letters or mathematical symbols. In fact, they involve only one symbol: a dollar sign. We're talking about oil price differentials, which means the different prices paid for crude oil in different parts of the world. People often talk about "the price of oil" as though there is just one price, when really there are dozens of crude blends that each has a different valuation. Sure, some blends are much more prevalent and therefore important than others. Still, there is no single price of oil, and the ...
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| Posted: 14 Feb 2012 12:30 PM PST The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio! February 14, 2012 03:15 PM Read [url]http://www.grandich.com/[/url] grandich.com...
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| Posted: 14 Feb 2012 12:08 PM PST from The Economic Collapse Blog:
Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen, and if all of a sudden people could not use credit to buy things our economy would immediately ground to a halt. Unfortunately, no debt bubble can last forever. When this current debt bubble finally bursts, faith in the financial system is going to disappear, credit is going to freeze up and there is going to be a massive wave of bank failures. Right now, Greece is a warning sign for the world. Nobody wants to lend money to Greece, the Greek banking system is dying, one out of every four businesses has already shut down, unemployment is soaring and the Greek economy has now been in recession for five years in a row. Sadly, the economic implosion in Greece is rapidly accelerating. The Greek economy shrunk at a 7 percent annual rate during the 4th quarter of 2011. That wasn't supposed to happen. Things were supposed to be getting better in Greece by now. But instead the Greek depression is getting even worse, and very soon the rest of the world is going to be going through what Greece is currently experiencing. Unfortunately, most in the mainstream media are treating what is happening in Greece as an "isolated incident" rather than as a very serious warning sign for the world. Read More @ TheEconomicCollapseBlog.com
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| Harvey Organ's Daily Gold & Silver Report Posted: 14 Feb 2012 12:06 PM PST Japan begins Hyper-Printing/Greek GDP falters/European meeting cancelled tomorrow/Moody's threaten UK with downgrade
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| Keith Barron: This is Financial Armaggedon, Lehman x 1,000 Posted: 14 Feb 2012 11:53 AM PST from King World News:
Keith Barron continues: Read More @ KingWorldNews.com
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| Central banks trying to limit gold's volatility, Sinclair tells King World News Posted: 14 Feb 2012 11:46 AM PST 7:45p CT Tuesday, February 14, 2012 Dear Friend of GATA and Gold: Gold trader, mining entrepreneur, and market analyst Jim Sinclair tells King World News today that central banks are not trying to suppress the price of gold as they are trying to prevent gold from rising violently and trying to control gold's volatility, which upsets the currency markets. An excerpt from Sinclair's interview is posted at the King World News Internet site here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/14_Ji... 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. Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html 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 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 Discusses Royalty Mining Growth Strategy Golden Phoenix Minerals Inc. has discussed its royalty mining growth strategy on the Fox Business Network program "21st Century Business" with host Jackie Bales. Golden Phoenix's director of corporate communications, Robert Ian, told how the company narrows its focus to project generation and future royalty streams. He explained why Golden Phoenix believes it's better to own joint-venture interests in several producing mines instead of full exposure to just one project. "21st Century Business" has been airing for 15 years. Previous hosts have included Gen. Alexander Haig, Gen.l Norman Schwarzkopf, and Secretary of Defense Caspar Weinberger. Golden Phoenix appeared as paid programming on this broadcast. To view the program with Golden Phoenix, please visit Golden Phoenix's Internet site here: http://goldenphoenix.us/fox-business-network/
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| Guest Post: Wall Street Has A Sad :-( Posted: 14 Feb 2012 11:37 AM PST Submitted by Finance Addict Wall Street Has A Sad :-(
But the BSDs have gone a little soft now. Even the famous Wall Street bull has been caged. And some, like number one banking fanboi Dick Bove say that bankers been "castrated" altogether by new regulation. Regulation which many argue does not go far enough. Regardless, the Masters of the Universe suddenly find themselves feeling the pain that many of the rest of us have been feeling for the past four years. Only their ways of coping with it are a little different than what you might expect. Charles Wallace tells us that many older Wall Street men are resorting to hormone therapy to get their mojo back. They're seeking testosterone shots from a few doctors who apparently know a gold mine when they see it. The hope? That the shots will help turn the traders back into "alpha males" who can compete with the younger, fresher meat that's threatening to take their jobs. Welcome to the age of "man-opause". One hates to see any human being going through real psychic pain, but this new trend is an irony that we may not be able to afford. Here's an industry whose aggressiveness has caused an incredible amount of pain to people all over the world. After bouncing back at warp speed in 2009 and 2010, it's now suffering lower profitability from rules that have been introduced to rein it in. The lower profitability means that a huge amount of bankers, traders, salespeople and support staff have lost or will lose their jobs. But rather than go quietly into the night, some of these folks are instead resorting to treatment that will make them…even more aggressive. It's not just speculation: there are quite a few studies that have found that high testosterone may have played a role in causing the financial crisis. Apparently men with more testosterone risk more money on their trades than men with less. Traders were also shown to make more money on days when their testosterone levels are higher. But of course these trades will not always go the right way; when they blow up they may do so spectacularly. And if one guy's feeling his oats, he may consciously or unconsciously egg on those around him to behave the same way. Watch any high-stakes sport event and you'll see what I mean. So the testosterone effects may be amplified by the kind of herd mentality that's seen on the Street, in any event. So, if Wall Street has a sad then maybe it's up to us to find other ways to cheer them up that don't involve sacrificing ourselves. And Valentine's Day seems like a good time to start Any bright ideas?
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| Barron - This is Financial Armaggedon, Lehman x 1,000 Posted: 14 Feb 2012 11:29 AM PST It's extremely important to have physical gold. It's not good enough to own gold in an ETF. You need to have something you can put your hands on.
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| Introducing The "Paulson Overhang" - Everything Paulson Sold In Q4 Has Soared Posted: 14 Feb 2012 11:09 AM PST The man whose fund is a pale shadow of his once invincible self, especially around the time he could tell Goldman which securities to short for him, with hapless and gullible Euros on the other side (but, hey, Goldman makes a market) continues to be the laughing stock of the market, following the latest 13F (with $13.9 billion AUM compared to $20.7 billion as Sept 30) release by Paulson. And considering the complete lack of liquidity in the market in Q4 (which is only getting worse now), the portfolio unwind of Paulson's holdings explains some very acute securities moves in November and December of 2011. Particularly the collapse in gold, which contrary to what economist Ph.D.s will tell you, was not due to technicals, or fundamentals, but due to Paulson dumping another 20% of his GLD, which is now just $2.6 billion as a share class, compared to $4.6 billion as of June 30, we for one can't wait for him to dump it all so that there is no more "Paulson overhang" in gold. Of course since this is a gold share class, it won't happen as long as Paulson & Co survives, but one can dream. What is far more laughable is that in the fourth quarter, Paulson dumped his entire Bank of America common stake (of which he had 64 million shares), his entire Citi common of 25 million shares (worth $627 million at Sept 30) and more than half of both his Capital One and SunTrust stakes, which went from $880 million to $401 million, and from $546 million to $210 million. He also cut almost his entire stake in Wells Fargo which went from $575 million to $96 million. That sure is some conviction in the always appropriately named "Recovery Fund." It is oddly ironic that precisely these stocks are the ones that have soared in Q1 as the Paulson overhang has been lifted. So has Paulson flipflopped again, and is he chasing them one more time? We will find out on May 15. What we do know that he flipflopped on is JP Morgan which he dumped entirely in Q3 only to rebuild a $157 million stake. And while he has been selling across the board, Paulson did add see his Delphi shares hitting his AUM as per the IPO, of which he had 51.7 million shares at December 31. Paulson added some nominal holdings in Pharmasset, Goodrich, Medco and El Paso, and a bunch of others. Once upon a time, having Paulson invest in your company was a blessing and a sure way to pick up 5% immediately. Alas, at this point, it is likely quite the opposite. The top 50 holdings are presented below:
His biggest September 30 holdings are here:
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| Posted: 14 Feb 2012 11:08 AM PST by Harvey Organ: Good evening Ladies and Gentlemen: Gold closed down by $6.10 to $1715.90 while silver, the object of interest to our bankers, fell by 38 cents to $33.32. Yesterday we had the silver and gold equity shares weak together with a negative lease on silver. These two red flags signaled to all the bankers and to the HFT traders that a raid was on and they did not disappoint. However our bankers were thrown a curve ball as late in the day, the big meeting scheduled for tomorrow was called off. We will go into this in the body of my commentary. Let us head over to the comex and assess trading: Read More @ HarveyOrgan.Blogspot.com
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| Gold Price Remains in a Bull Market the Longer it Drags the More Likely it will Resolve Upwards Posted: 14 Feb 2012 10:33 AM PST Gold Price Close Today : 1715.80 Change : (7.20) or -0.42% Silver Price Close Today : 3332.60 Change : 37.0 cents or -1.10% Gold Silver Ratio Today : 51.485 Change : 0.352 or 0.69% Silver Gold Ratio Today : 0.01942 Change : -0.000134 or -0.68% Platinum Price Close Today : 1629.90 Change : -20.10 or -1.22% Palladium Price Close Today : 687.30 Change : -8.95 or -1.29% S&P 500 : 1,350.50 Change : -1.27 or -0.09% Dow In GOLD$ : $155.16 Change : $ 0.72 or 0.46% Dow in GOLD oz : 7.506 Change : 0.035 or 0.46% Dow in SILVER oz : 386.43 Change : 4.37 or 1.14% Dow Industrial : 12,878.28 Change : 4.24 or 0.03% US Dollar Index : 79.41 Change : 0.461 or 0.58% The GOLD PRICE gave back $7.20 today and closed Comex at $1,715.80. The SILVER PRICE dropped a bit more, 37c to 3332.6. Ratio rose to 51.485. In all this neither SILVER PRICE nor GOLD PRICE have violated the bottom boundaries which, if they cross, will drag them lower: 3300c for silver and $1,705 for gold. It's a bull market. Remember that the longer anything drags on in a bull market, the more likely it is to resolve in the upward direction, because that is the market's tide. The riddle remains, Why have silver and the GOLD PRICE not fallen further, followed through their repulse at $1,750? Is that strength speaking? Can they not be driven back further? First, look at currencies. US dollar index today gained a hefty 46.1 basis points (0.5%), stealing it all from the yen and euro. Euro dropped 0.47% to 1.3126 and Yen plunged a massive 1.09% to 127.51c/Y100 (Y78.43/US$1). Dollar stands at the 20 day moving average's threshold (70.40) and tomorrow will open the door. Stocks dithered. Dow gained 4.24 to 12,878.28, S&P500 lost 1.27 to 1,350.50, clearly confusion and weakness rule, and most of the day stocks were underwater. Only in the last few minutes Some Friend appeared, eager to buy. Wonder who that was? I will be travelling tomorrow, Thursday, and Friday, February 15, 16, and 17. Monday 20 February is a holiday in the US, "The Monday Nearest Washington's Birthday." On Tuesday 21 February I must travel again, but will try to return in time to write a commentary. 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. 
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| Money, Banking, and the Federal Reserve Posted: 14 Feb 2012 09:35 AM PST Thomas Jefferson and Andrew Jackson understood "The Monster". But to most Americans today, "Federal Reserve" is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
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Today one of the legends in the gold world told King World News what we are looking at right now is "financial Armaggedon." Keith Barron is responsible for one of the largest gold discoveries in history and consults with major gold companies around the world as well as international brokerage houses. Barron described the current situation as "Lehman times 1,000." Here is how Barron described the financial nightmare: "Once their is a resolution to this situation in Greece, we will see a resurgence in the gold price. We will see some major moves. The only way to get out of this Greek mess right now is to bail it out with money. We don't know who's going to do it. They were talking with the Chinese today about getting them involved in a rescue fund."
Michael "Moneyball" Lewis was the first one to, er, expose us to the term Big Swinging Dick. His his first novel, Liar's Poker, was full of them. The BSDs were the guys on the trading floor who brought more rain than El Niño.
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