Gold World News Flash |
- Middle Class Poverty And Unrest In America
- Yo Warren B, you are so OG!
- Eric Sprott: Silver Will Become a Currency Again
- 18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President
- Sunday Night Silver Porn with David Morgan
- Back to Bullish on PM Sector
- AAPL vs Gold, Silver andPast Bubbles
- This Past Week in Gold
- Total Economic Collapse, Death of the Dollar, Impovershment, WWIII, Marc Faber Interview
- Alasdair Macleod: The destruction of savings by inflation
- Latest GoldMoney article
- February edition of the Gold Standard Institute's newsletter
- Hoarding Gold, Food and Friendship – Chris Martenson on Freedomain Radio
- Currency Collapse Coming: Go Get Gold NOW!
- Silver could be ready to move higher along with its shares next week
- China's might drives the demand for gold
- The US Dollar in the week ahead
- The Enduring Popularity of Gold
- Gold Bulls Expand as Billionaire Paulson Says Buy
- Tell A Lie Big Enough, Loud Enough And Long Enough And The Sheeple Will Believe
- Fiat Paper Money Masters Palpable Fear of a Rise In Gold
- Buy Gold Now says John Paulson
- Silver Price Could Double by Year End
- Milton Friedman on Hayek’s ‘Road to Serfdom’
- AAPL vs Gold, Silver & Past Bubbles
- Apple Vs Gold, Silver and Past Market Bubbles
- Colorado looking at gold, silver currency
| Middle Class Poverty And Unrest In America Posted: 19 Feb 2012 05:38 PM PST Poverty is on the rise in America, and buying passivity with cheap bribes has limits when applied to a fraying middle class. If jobs are not coming back, then we as a nation need a conversation about poverty in America. The Status Quo assumption is that this is just another garden-variety recession, and that employment will bounce back, along with the "animal spirits" that drive borrowing and spending. As of August 2011, it will be three years since the global financial meltdown. In three years, the Savior State has borrowed and blown $6 trillion maintaining the Status Quo, and the Federal Reserve has printed almost $3 trillion and shoveled that vast sum into "risk assets" to keep housing on life support and the stock market rising. The Fed has also devalued and debased the dollar, stealing wealth from the citizenry and holders of U.S.-denominated debt in the process, to serve two goals: 1) spark inflation and thus avoid deflationary deleveraging of the nation's fast-growing mountain of debt, and 2) to enable servicing that debt with cheaper dollars. Read more.... 
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| Posted: 19 Feb 2012 02:59 PM PST Tell me why are we, so blind to see That the ones we hurt, are you and me -Artis Leon Ivey Jr. (aka Coolio) I'd like to sincerely thank Warren Buffet for so clearly making many of the points I've been trying to make lately in his most-recent submission to Fortune magazine. If anyone hasn't read it yet, it's called 'Why Stocks Beat Gold and Bonds' and you can read it here. Of course, with the
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| Eric Sprott: Silver Will Become a Currency Again Posted: 19 Feb 2012 01:42 PM PST from SilverDoctors:
When asked about his recent efforts to convince silver mining companies to save in silver rather than cash or treasuries Eric responded: I think we have a bit of a voice in the silver market, and the reason for the letter was just the simple analysis that the paper traders were determining the price…and why should you physical silver producers let that happen?
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| 18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President Posted: 19 Feb 2012 01:29 PM PST from The Economic Collapse Blog:
Read More @ TheEconomicCollapseBlog.com
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| Sunday Night Silver Porn with David Morgan Posted: 19 Feb 2012 10:26 AM PST Stacy Summary: Ooooh, the SLA is going to love this silver porn!
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| Posted: 19 Feb 2012 10:04 AM PST
 Closed out my "short senior Gold stocks" trade last week for good profits. My subscribers and I bought the early Thursday AM lows in senior Gold stocks and silver. Think we have begun a 4-6 week bull run into a spring top. After that, we'll have to wait and see what happens. I will be very interested to see how Gold does during this move. I think it re-tests the 2011 summer highs. Here's a one year daily chart thru Friday's close:  After the spring top in mid to late March, we'll likely get a significant correction. A new all-time high in Gold would likely indicate a milder correction than if the price gets stopped at or before the old highs. Either way, I am bullish for the next month in the precious metal (PM) sector for my trading account and think all PM sectors will do well. Longer term, I own physical metal and don't worry about it as an investment at all. Now that the ECB is trying to [further] undermine the integrity of its bond markets by putting itself at the front of the line and subordinating other European sovereign debt holders in the Greek debacle, the final pillar is coming into play. That pillar has been pointed out by Mr. James Sinclair at jsmineset.com and it is that of the bond markets of the Western world. Once people are seriously worried about the safety of bond markets and currencies, Gold will really start to, ahem, shine. Everything is lining up to create "the mother of all bull markets" in Gold and silver. Of course, this is all just a normal reaction to the financial mania that preceded the current secular Gold bull market. A secular correction in the Dow to Gold ratio down to 2 or less (we may well go below 1 this cycle) will teach everyone to avoid common stocks forever. Everyone will have learned their lesson the hard way. This, of course, is when it will finally make sense to buy common stocks again as a "buy and hold" proposition. In the mean time, it's all about the bling bling for this secular cycle. All you have to do to ride the wave is buy pieces of shiny metal and watch your wealth and real purchasing power grow while paper assets are debased into oblivion. What could be easier?  ![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif) 
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| AAPL vs Gold, Silver andPast Bubbles Posted: 19 Feb 2012 09:58 AM PST Apple is doing great these days. In January, the company reported that profits for the holiday quarter more than doubled. The stock price shot up 8% on the news, and rallied all the way to over $526 per share in the days that followed. Read More...
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| Posted: 19 Feb 2012 09:54 AM PST Summary: Long term - on major buy signal. Short term - on mixed signals. We continue to hold our positions with stops. Read More...
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| Total Economic Collapse, Death of the Dollar, Impovershment, WWIII, Marc Faber Interview Posted: 19 Feb 2012 09:16 AM PST |
| Alasdair Macleod: The destruction of savings by inflation Posted: 19 Feb 2012 07:14 AM PST 3:11p ET Sunday, February 19, 2012 Dear Friend of GATA and Gold: Writing for GoldMoney, economist and former banker Alasdair Macleod explains today how interest on savings in the modern fiat money system is more than wiped out by inflation, that the resulting impoverishment of pensioners will impose far greater welfare costs on government than are understood now, and that savers would do far better under a "sound money" system. Macleod's commentary is headlined "The Destruction of Savings by Inflation" and it's posted at GoldMoney here: http://www.goldmoney.com/gold-research/alasdair-macleod/the-destruction-... 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 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 Prophecy Coal (TSX: PCY) Wins Positive Feasibility Study Company Press Release VANCOUVER, British Columbia, Canada -- Prophecy Coal Corp. (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) has received a positive feasibility study for the company's 600-megawatt Chandgana Mine-Mouth Power Project in central Mongolia. The report was independently prepared by Ralf Thomsen, project manager at Steag, a German firm specializing in the planning, financing, construction, and operation of highly efficient thermal power plants for fossil fuels. The study covers technical specifications, deployment, and financial analysis of a 4x150-mw thermal power plant to be built adjacent to Prophecy's Chandgana Tal coal deposit, which contains 140 million tonnes of measured coal. Last year the power plant received a construction license and the coal deposit received a mining license. Engineering, procurement, and construction management selection and project financing discussion have begun and are expected to be concluded this year. Construction is planned to start in April 2013, with the first 150-mw unit being commissioned in October 2015 and subsequent units to start in April 2016, October 2016, and April 2017. With proper maintenance the project will have 30 years of commercial operation. For the complete statement from the company, including maps and charts, please visit: http://www.prophecycoal.com/news_2011_jan17_prophecy_receives_power_plan...
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| Posted: 19 Feb 2012 06:28 AM PST The following article is posted at GoldMoney, here. The destruction of savings by inflation2012-FEB-18
 Let us assume a man works for 40 years, during which time he invests a fixed amount annually. This is invested mostly in bonds for a return that gives him a lump sum on retirement. The marketing folk stop at that point, but we shall go on. This lump sum is applied to an annuity to give a fixed income for the retiree’s life expectancy. Let us also assume that $1,000 is invested annually, and we shall use the average return on the 10-year US Treasury bond as our yardstick. The result is shown in the table below under the heading of Paper Money.
Assuming the lump sum is then turned into an annuity at a continuing bond yield of 7.18% for a retirement of 25 years, this inflation-adjusted figure gives an annual income of $6,458, and if inflation continues to average the historic rate, the final payment will only be worth $2,075 in inflation-adjusted terms. Note how the purchasing power of the annuity falls over time while our retiree’s health and care expenses can be expected to increase when he can least afford them. The reason for taking inflation out of the equation is so we can compare the inflationary past with a sound-money alternative. This calculation is dramatically different under the reasonable assumptions in the table’s last column: an average bond yield of 2.5% and price deflation of 1% annually. The deflation-adjusted outcome is significantly better than the paper-money example. Furthermore, the purchasing power of the annuity increases, in tune with the health and care needs of an aging retiree. Our example is simplistic: bond yields have varied hugely since 1971, and we have ignored management fees and taxes. We have not considered bond yields that are exceptionally low today, so annuities taken out now will yield considerably less than our example shows. The bottom line is the saver is impoverished by inflation to a greater extent than generally realised. The state has benefited from the transfer of wealth from its citizens’ savings, the result of monetary inflation, but at considerable future cost. The state is left with the welfare, health and care costs for an aging population unable to support itself and with an increasing life expectancy. The cost of looking after growing numbers of impoverished retirees will become apparent in coming years, increasing government deficits more rapidly than expected. What we don’t know is when the markets will reflect the enormity of these future obligations. Tags: fiat currency, government bonds, inflation, sound money Alasdair Macleod 
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| February edition of the Gold Standard Institute's newsletter Posted: 19 Feb 2012 06:03 AM PST 2p ET Sunday, February 19, 2012 Dear Friend of GATA and Gold: The February edition of the Gold Standard Institute's newsletter begins with an essay by editor Rudy Fritsch arguing that Hungary should liberate itself from the big international banks by defaulting on its debt to them as Iceland did and thus compound an example for the other smaller European nations that can't pay without destroying their own living conditions. The newsletter also has reviews of "Gold Warriors" by Sterling and Peggy Seagrave and Jim Rickards' "Currency Wars." The newsletter is posted at the Gold Standard Institute's Internet site here: http://www.goldstandardinstitute.net/GSI/wp-content/uploads/2010/06/TheG... 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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| Hoarding Gold, Food and Friendship – Chris Martenson on Freedomain Radio Posted: 19 Feb 2012 05:55 AM PST |
| Currency Collapse Coming: Go Get Gold NOW! Posted: 19 Feb 2012 05:50 AM PST Nobody knows when the final crisis will occur, but like so many times throughout human history we are marching down a narrow path to the final catastrophe of our fiat currency system. [Let me explain why.] Words: 1336 So says Mark Motive ([url]www.PlanBEconomics.com[/url]) in excerpts from his original article* as posted on Seeking Alpha which Lorimer Wilson, editor of www.munKNEE.com*(Your Key to Making Money!)*has further edited for length and clarity. (This paragraph must be included in any article re-posting to avoid copyright infringement.) Motive goes on to say, in part: Over the past 40 years, we have printed money and expanded the credit system to grow our economy. During this period, as we papered over cracks that appeared in the system, we continued to grow the economy in nominal terms. By not resolving underlying issues, economic cracks grew into gaping holes requiring increasing amounts of credit and monetary expansion to maintain a semblance of prosperity. Crisis after ...
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| Silver could be ready to move higher along with its shares next week Posted: 19 Feb 2012 05:32 AM PST The metals have recently been consolidating their moves from the December lows and silver along with its mining shares are at a point which deserves watching. Both silver and its shares made bullish divergences at the end of last year and staged a stunning rally in the first month of 2012. Recently, prices have been consolidating those gains.
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| China's might drives the demand for gold Posted: 19 Feb 2012 05:30 AM PST The eye-catching prediction that China will this year overtake India as the world's biggest gold consumer seized the headlines when the World Gold Council released its latest snapshot of global demand on Thursday. 
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| The US Dollar in the week ahead Posted: 19 Feb 2012 05:28 AM PST Dr. Chad Bennis writes: The rally in the US dollar beginning in November of last year saw a series of higher highs and higher lows in the price of the index. While the price action moved higher the stochastic indicator showed a bearish divergence as each successive higher high in the price action was reflected by a lower high in the stochastic indicator. This is known as bearish divergence and means that the current uptrend in price is getting weaker with each higher high in the price of the index.
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| The Enduring Popularity of Gold Posted: 19 Feb 2012 05:17 AM PST By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released this week. Gold demand grew 0.4 percent in 2011 despite a 28 percent year-over-year increase in bullion’s average price. After flirting with the top spot for some time, China emerged as the world’s largest gold market for jewelry and investment during the fourth quarter of 2011 as demand in India weakened. This is the first time China’s demand outpaced India’s in 11 quarters. However, India did retain the gold demand crown for the entire year, purchasing 933 tons compared to China’s demand of 770 tons. I always say the trend is your friend, and I believe China’s increasing demand for gold is one tr...
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| Gold Bulls Expand as Billionaire Paulson Says Buy Posted: 19 Feb 2012 05:11 AM PST "Despite the happy surprise in the COT for gold yesterday, I am getting concerned about the Commercial short position in silver." ...
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| Tell A Lie Big Enough, Loud Enough And Long Enough And The Sheeple Will Believe Posted: 19 Feb 2012 05:04 AM PST Jim Sinclair's Mineset Dear Friends, Have you considered the States of the US Dollar Union have financial problems equal to and in many cases in excess of the States of the European Union? Have you considered that as bumbling as it has been that Europe has admitted their problem? As ineffective as those euro initiatives might be, some action is being taken, while the Union of States of the US Dollar are united primarily in kicking the financial can (together with the US Fed) down a road now at a DEAD END? I have demonstrated to you why the road is now at its dead end in the recent three interviews and three special emails. Don't be lulled to sleep by the utilization of the insult that calls certain members of the EU PIGS. The dollar crowd has not even considered that they have a problem so no cure to the liquidity addiction of the dollar crowd is possible. Sleep on with illustrations like the one below. You will get a rude awakening come June...
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| Fiat Paper Money Masters Palpable Fear of a Rise In Gold Posted: 19 Feb 2012 04:55 AM PST “That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied.” - Thomas Jefferson, Letter to Josephus B. Stuart, 1817 The fear in the money masters is palpable. Silence, darkness, and the fog of confusion are their most reliable allies.
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| Buy Gold Now says John Paulson Posted: 19 Feb 2012 02:55 AM PST "By the time inflation becomes evident, gold will... [[ This is a content summary only. Visit my website http://goldbasics.blogspot.com for full Content ]] 
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| Silver Price Could Double by Year End Posted: 19 Feb 2012 01:54 AM PST Were you cursing at your computer screen when silver nearly tripled during the short 9 months from September 2010 to May 2011? Silver at $20 seemed like an insurmountable threshold for quite some time. This caused many silver investors to give up just prior to the ascent, completely missing the ride towards $50. I believe silver is about to offer a similar ride. While it is unlikely to match the 180% advance mentioned above, look for silver to make new highs in the coming months, with the potential to double to $65 by year end.
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| Milton Friedman on Hayek’s ‘Road to Serfdom’ Posted: 19 Feb 2012 01:15 AM PST Milton Friedman wrote the forward to the 50th anniversary reprint of F. A. Hayek's manifesto, The Road to Serfdom. Essential reading for free market loving people anywhere. The videos below are an interview of Dr. Friedman shortly after Hayek's death. The introduction to the video below says, briefly: (Friedman) Says Federal Reserve should be abolished, criticizes Keynes. One of Friedman's best interviews, discussion spans Friedman's career and his view of numerous political figures and public policy issues. Friedman believed that when the American people become aware that the federal government has become too big they would force a meaningful and lasting change to occur to rein in excessive or oppressive government. We believe that process and awareness is now, finally coming to the fore. The debate is changing before our eyes. And we pray that it is not too late. Continued, videos below. ***Originally from C-Span, 1994. Time investment: roughly one hour. We deem the program worthy of sharing. Source: YouTube Part 1: http://www.youtube.com/watch?feature=player_detailpage&v=15idnfuyqXs Part 2: http://www.youtube.com/watch?v=UNYBIcrBQWY&feature=player_detailpage Part 1
Part 2
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| AAPL vs Gold, Silver & Past Bubbles Posted: 19 Feb 2012 01:03 AM PST Apple (Ticker: AAPL) is doing great these days. In January, the company reported that profits for the holiday quarter more than doubled. On July 10th 1997, the stock was trading as low as $3.16. From $3.16 to $526+ is an increase of 16,554.75% in 15 years time.
When we take a look at past bubbles, we can see that Apple has now reached the top 3 of all "Bubbles". Only eDigital and the Poseidon bubble did even better, with returns of 45,400% and 34,900% respectively…
Is it possible? Yes… AAPL is trading at historically low price-to-Forward Earnings levels, as can be seen in the chart below.
To put things in perspective: During the Tech Bubble, Cisco Systems (Ticker: CSCO) was trading at an insane 150 times Forward Earnings:
Apple's gains dwarf those of Gold and Silver, even though those two assets also had a very impressive run since the beginning of the 21st century:
Gold was up 663,87% from its low in 1999 to its high in 2011, while silver was up 1,130.12% from its low in 2001 to its high in 2011. When we compare Gold to Silver, we can see that Silver also went parabolic in April 2011 and has come down sharply since. If silver would rise as much as during the '70s (3,099%), it would have to rise to $129.56 per ounce. Please notice that Alf Field has often called for $6,000 gold (link). Martin Armstrong has also had a terrific track record. Here were his predictions he made in 1998 (see the last slide of this presentation): 1998 = Collapse of Russia All of those predictions up till 2011 have come true. If the last one also comes true, then the above targets for Gold and Silver would become extremely likely as faith in paper currency would likely smelt like snow in the sun. Good luck investing. *********************************************************************************************
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| Apple Vs Gold, Silver and Past Market Bubbles Posted: 19 Feb 2012 12:29 AM PST Apple (Ticker: AAPL) is doing great these days. In January, the company reported that profits for the holiday quarter more than doubled. The stock price shot up 8% on the news, and rallied all the way to over $526 per share in the days that followed.
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| Colorado looking at gold, silver currency Posted: 18 Feb 2012 08:16 AM PST Worried that the U.S. dollar may not be good as gold, some Colorado lawmakers are pushing a bill to legalize gold, silver coins as usable currency.
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With the Greek crisis nearing a climax, The Doc spoke with Eric Sprott of Sprott Asset Management this week to discuss the Euro debt crisis, silver fundamentals, and the recent PSLV follow-on offering.
Has the economy improved since Barack Obama became the president of the United States? Of course not. Despite what you may be hearing in the mainstream media, the truth is that when you compare the U.S. economy on the day that Barack Obama was inaugurated to the U.S. economy today, there is really no comparison. The unemployment crisis is worse than it was then, home values have fallen, the cost of health insurance is up, the cost of gas is way up, the number of Americans living in poverty has soared and the size of our national debt has absolutely exploded. Anyone that believes that things are better than they were when Barack Obama was elected is simply being delusional. Yes, things have stabilized somewhat and our economy is not in free fall mode at this point. But don't be fooled. This bubble of false hope will be short-lived. The problems we are seeing develop in Europe will erupt into another full-fledged global financial crisis and economic conditions in the United States will get even worse. When that happens, what possible " economic solutions" will Barack Obama have for us? We never even came close to recovering from the last great financial crisis, and now something potentially even worse is staring us in the face. This is not a great time to have a total lack of leadership in Washington.
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