Gold World News Flash |
- Doomsday in Wyoming: Infowars Nightly News
- The Fed’s Recent Action on Swaps
- U.S. has launched economic nuclear war, Jim Sinclair tells Ellis Martin
- Rick Rule - Oil Super-Spike Will Take Gold & Silver Higher
- Gold Seeker Closing Report: Gold and Silver Rise With Stocks and Oil
- Ellis Martin Report With Jim Sinclair and the Nuclear Economic Trigger
- Paper Trading and Manipulation in Precious Metals
- Gold at Trendline Resistance
- Collapse Confirmation News – 19.Mar.2012
- End of Covert Dollar Printing Expected to Result in Stock SellOff
- Wanted! Bearish Gold Bulls
- Brink's JPM Receive 1 Million Ounces of Silver, CME Begins Fractional Ounce Accounting
- Dow vs. Gold vs. Silver since 2008
- Silver Goes Green
- Gold And Silver Rise / Auction On Greek Bonds Showing 78.5% Loss / Belgium At 140% Debt / GDP
- Has The Apple Of Wisdom Fallen Far From The Tree Of J.O.B.S.?
- Jim Sinclair – Is the Fed Selling Europe's Gold During Interventions, Gold Dive & What's Next
- Good As Gold!
- Marc Faber: Why is China Buying Gold
- Gold: Prepare For A Strong Move
- What's Really Happening with Gold and Silver in India
- Gold Price Broke Through $1,660 Closing at $1,666.90
- Apple Closes Over $600 As Trading Volume Collapses Again
- Gold offtake far greater than suggested in press, London trader tells KWN
- Gold Resource Corporation Announces Hiring of Chief Financial Officer
- Risk on Trade suggests Risk Off ahead?
- No Luck Of The Irish For Gold
- Dr. Nu Yu?s Market Weekly Update
- Gold Daily and Silver Weekly Charts - New Moon, New Year, Dollar Oil
- London Trader - Sovereign Gold Buyers to Raise Their Bids
| Doomsday in Wyoming: Infowars Nightly News Posted: 19 Mar 2012 05:59 PM PDT  On the Monday, February 27 edition of Infowars Nightly News, co-host Mike Adams interviews Patricia Finn, a New York attorney under fire by the NYS Ninth Judicial District Grievance Committee for the crime of representing victims and their families who have had severe adverse reactions following vaccination.Host Aaron Dykes covers the latest news, including: Paul Joseph Watson's story covering lawmakers in Wyoming who have introduced a bill that would compel the state to prepare for a complete collapse of the federal government, laying plans for an alternate currency, a standing army raised via a military draft, and an aircraft carrier. How rapidly increasing gas prices signal that inflation is on the rise as governments address economic woes by so-called quantitative easing and printing paper money. Read more...... 
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| The Fed’s Recent Action on Swaps Posted: 19 Mar 2012 05:52 PM PDT  What the Fed recently announced regarding its swap agreements should be helpful in forestalling a liquidity crisis in Europe, but it is not a "bailout" of anyone, and it does not increase any risk or cost to the U.S. taxpayer. It will help prevent a freeze up of European banks needing "dollar" liquidity. The swap agreements were already in place. What was announced was a maturity extension of the arrangements and a reduction in the interest rate charged. As long as the rate is positive, it will be a positive for the U.S. taxpayer; a zero rate would not be negative.In a "swap" agreement, the Fed, for example, offers the European Central Bank (ECB) a given amount of dollar credit for an equivalent amount of Euro credit with an agreement that the swap will be reversed on the same terms at a point in the future with a modest interest payment. The ECB will then have dollars that it can lend to Euro-banks needing dollar liquidity, presumably with collateral receiving a haircut. The Fed's counterparty is the ECB, not the banks the ECB may lend the dollars to. The ECB's risk is minimized because of the discounted collateral. This helps with banks' liquidity, not solvency. However, that is not to minimize its importance since banks require a liquid money market to roll over their liabilities daily. What happens in a banking crisis is that banks become distrustful of each other and therefore reluctant to do business with each other. Each wants to wait to get paid before paying. Interbank credit "dries up." The Fed's action helps keep this from happening, at least as it pertains to the dollar market. Read more..... 
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| U.S. has launched economic nuclear war, Jim Sinclair tells Ellis Martin Posted: 19 Mar 2012 04:41 PM PDT 12:40a ET Tuesday, March 20, 2012 Dear Friend of GATA and Gold: Interviewed yesterday by financial broadcaster Ellis Martin, trader and mining entrepreneur Jim Sinclair remarked that gold recently was knocked down to distract from the Greek bond default, that he sees no significant downside risk to investing in gold at the moment, that there is a huge movement away from the U.S. dollar as a trade settlement currency, that the United States is waging economic nuclear war against Iran and threatening to do the same against India, that the United States is likely to suffer similar counterattack against its own vulnerabilities, and a lot more. The interview is 20 minutes long and can be heard at YouTube here: http://www.youtube.com/watch?v=_irgll_wy9I 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://www.goldenphoenix.us/company-videos.html
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| Rick Rule - Oil Super-Spike Will Take Gold & Silver Higher Posted: 19 Mar 2012 04:06 PM PDT  With gold and silver hovering above recent lows, but oil moving towards the critical $110 level, today King World News interviewed Rick Rule, CEO of Sprott USA. Rule told KWN to expect higher gold and silver prices, but warned about the possibility of a super-spike in oil. Here is what Rule had to say: "The strength in the crude oil market has been caused by continued political nervousness surrounding the situation in Iran. The saber rattling between the United States, Iran and Israel is something which has had refiners and oil users very nervous."
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| Gold Seeker Closing Report: Gold and Silver Rise With Stocks and Oil Posted: 19 Mar 2012 04:00 PM PDT Gold fell $7.80 to $1652.30 by a little after 8AM EST, but it then climbed to as high as $1669.38 by late morning in New York and ended with a gain of 0.16%. Silver slipped to $32.243 in London, but it then rose to as high as $33.07 in New York and ended with a gain of 1.23%.
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| Ellis Martin Report With Jim Sinclair and the Nuclear Economic Trigger Posted: 19 Mar 2012 03:02 PM PDT Dear CIGAs, In this week's interview with Ellis Martin, noted analyst and gold guru James Sinclair outlines not a scenario but a reality that is here now. The US has pulled the nuclear economic trigger on India and Japan in the interest of coercing them to cease trading for oil with Iran. The gun Continue reading Ellis Martin Report With Jim Sinclair and the Nuclear Economic Trigger
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| Paper Trading and Manipulation in Precious Metals Posted: 19 Mar 2012 02:47 PM PDT Forget about "Give me a break", it seems like you can't even buy a break with precious metals this past week. The metals still trended down as I suspected they would and even went a little lower than my down side possibility with gold. Read More...
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| Posted: 19 Mar 2012 02:31 PM PDT courtesy of DailyFX.com March 19, 2012 12:47 PM Daily Bars Prepared by Jamie Saettele, CMT Gold is currently testing the trendline that extends off of the late February and 3/12 highs. There is no change to the strategy. “Use Wednesday’s large range bar extremes (high and low) as points of reference to determine a bias. In other words, turn bullish on a break of Wednesday’s high and bearish on a break of Wednesday’s low.” Bottom Line (next 5 days) – ?...
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| Collapse Confirmation News – 19.Mar.2012 Posted: 19 Mar 2012 02:30 PM PDT |
| End of Covert Dollar Printing Expected to Result in Stock SellOff Posted: 19 Mar 2012 02:21 PM PDT from WealthCycles:
Courtesy of the Fed's H.4.1 statement, a net $38.6 billion in Mortgage-backed Securities are under a commitment to be purchased by the Fed from Fannie Mae and the other government-guaranteed entities. This is more than seven times the amount purchased last week and portends an increasing rate of purchase, news Bill Gross of Pimco will be delighted to hear. He recently levered up on MBS in the Total Return Fund, as we further discuss here. Moreover, the Fed has increased swaps and other liabilities by over $108.8 billion over the course of the last year. The increase provides further covert printing while the ECB continues printing, doing its part to maintain the developed world fiat (decree by force) currency system. The official Fed printing program, on the other hand, is less blatant and harder for many to understand, without also understanding the principle of time preference.
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| Posted: 19 Mar 2012 02:00 PM PDT Bullion Vault
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| Brink's JPM Receive 1 Million Ounces of Silver, CME Begins Fractional Ounce Accounting Posted: 19 Mar 2012 01:26 PM PDT from Silver Doctors:
Brink's and JPM received combined deposits of nearly 1 million ounces of silver into registered and eligible vaults Friday, and perhaps more interestingly, the CME group has now begun reporting silver inventory levels and movements to 3 decimal places! [Excerpt]…While the CME is now reporting inventory levels to 3 decimal places, strangely enough- once again, NO MENTION FROM THE CME OF THE MISSING 1.4 MILLION OUNCES OF REGISTERED SILVER THAT SIMPLY DISAPPEARED IN THE AFTERMATH OF THE MF GLOBAL BANKRUPTCY!
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| Dow vs. Gold vs. Silver since 2008 Posted: 19 Mar 2012 12:40 PM PDT We can read all sorts of opinions about what you should do with your money and we hear the scuttlebutt from every pundit out there (including myself!) but at the end of the day, it is about what has done well and what hasn't done well.
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| Posted: 19 Mar 2012 12:36 PM PDT Although gold receives most of the attention in the precious metals space, silver is an amazing metal itself. In addition to being a store of wealth, silver is used in everything from automobiles to alternative energy needs. Almost all electronics are configured with silver. However, the smelting process, which involves extracting silver from ores by burning off unwanted minerals and elements such as lead, can raise pollution concerns. This is an obstacle that Royal Silver Company is tackling at the source. Now, even the most environmentally conscious investor lacks a reason to not invest in silver.
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| Gold And Silver Rise / Auction On Greek Bonds Showing 78.5% Loss / Belgium At 140% Debt / GDP Posted: 19 Mar 2012 12:11 PM PDT by Harvey Organ: Good evening Ladies and Gentlemen: Gold closed today up by $11.30 to $1667.10. Silver had a much better day rising by 35 cents to $32.93. Gold shares languished again today so expect the bankers to hit again tomorrow. I strongly believe that Jim Sinclair is right in that the USA is using (selling) gold belonging to Germany and Switzerland. The raids have been too frequent and you can bet that eastern nations are hell bent on picking up the physical in London. It looks like we are in a battle to the finish. The bankers short the gold equity shares as this creates capital that they can use to buy up regular equities in the USA and thus a support for the Dow. The two physical articles today that are worthy is the one supplied by Dave from Denver where he discusses the repatriation of gold to German and Swiss soil. The other physical commentary is from KingWorld News and GATA where our London trader was interviewed. The London trader tells us that 50 tonnes of gold were removed from London and that must put a very deep hole in the 100:1 derivative whole over at the LBMA. Let us head over to the comex and assess trading today. Read More @ HarveyOrgan.Blogspot.com
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| Has The Apple Of Wisdom Fallen Far From The Tree Of J.O.B.S.? Posted: 19 Mar 2012 12:08 PM PDT from CapitalAccount: Welcome to Capital Account. Apple announced today that it will pay a dividend and begin to buy back its own stock ahead of questions regarding what it would do with this huge 100 billion dollar stockpile of cash. This amid hints that the new iPad has hit ever new records. Apple has really become a symbol of American innovation and America's success in the software and technology space. But with products made in China, it is also a symbol of where America no longer competes as it once did. We'll look at what that means for the US economy with our guest, CIO of nine-points capital partners and author of "The Day after the Dollar Crashes," Damon Vickers. And speaking of the dollar, can the federal reserve continue its practice of keeping interest rates at near zero for at least two more years as promised, or will it be forced to begin raising them? This is the question that the latest Fed survey finds that nine out of ten market participants don't believe the Fed will wait 2 years. In fact, more than fifty percent believe the first fed interest rate hike will come by 2013. "There is no way the Fed will fulfill its pledge of keeping rates at present levels until 2014," wrote Rob Morgan of Fulcrum Securities in response to the survey. "I'm shocked that some market watchers are still talking about another round of quantitative easing…The big risk for the Fed is falling behind the inflation curve." So whose right, the interest rate bulls or the interest rate bears? Damon Vickers has been very bearish on the dollar, as his book suggests, and he has been bullish on gold, but the dollar's strength has surprised many bears of the past few years. We'll get his take on where he thinks the dollar is headed, as well as gold, us treasuries, and much more. And the US senate is set to take up the "jump start our business start-ups" bill, otherwise known as the "Jobs Act." But what is this legislation really encouraging? For example, the bill contains a provision that would increase the number of investors who can own shares of private companies and exclude employees from the count. But by counting "shareholders of record" instead of "beneficial shareholders," the bill preserves a loophole that companies could potentially use to attract an unlimited number of investors without going public (known as the "Facebook loophole" as Goldman Sachs tried to use this in a plan to create an SPV that could pool money from its clients in order to create a single shareholder, and thus skirt normal disclosures required for companies filing IPOs). Our guest Damon Vickers, is a proponent of entrepreneurship, so we will ask him what he thinks of this legislation, and if he feels it genuinely helps small businesses in this country.
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| Posted: 19 Mar 2012 11:47 AM PDT |
| Posted: 19 Mar 2012 11:02 AM PDT STOCK MARKET REPORT March 19, 2012 Good As Gold! It isn't that they can't see the solution, it's that they can't see the problem. - G. K. Chesterton I want to talk about gold today. Two weeks ago when spot gold was around 1,670.00 I wrote a piece entitled "When To Be Greedy" telling investors to buy. Since then we've survived a number of attempts to push the price lower and it is trading at 1,660.00 as I type. In short not much has happened and patience is running thin. In the meantime the dollar tried to rally and failed, the bond suffered a significant break down causing a real spike in interest rates and the Dow broke through significant resistance at 13,323. The idea being sold by the media is that with stocks headed higher, Dow 15,000 is now being discussed, so who needs gold? Here's a question for you: with the dollar and bonds headed lower, and interest rates headed higher, how can that be good for stocks? In any event the Dow has been headed...
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| Marc Faber: Why is China Buying Gold Posted: 19 Mar 2012 10:58 AM PDT |
| Gold: Prepare For A Strong Move Posted: 19 Mar 2012 10:55 AM PDT by Avi Gilburt, SeekingAlpha.com:
In fact, several days later, on February 29, the precious metals entered into what some termed a "flash crash" of its own, and proceeded to begin the correction that was warned about several days earlier. Even before the correction began, we provided guidance on Seeking Alpha that the correction will potentially target the 30-32 region in the silver futures, and to my clients we also targeted the 158 GLD region.
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| What's Really Happening with Gold and Silver in India Posted: 19 Mar 2012 10:45 AM PDT by Jeff Clark, Casey Research:
Why should we care about the gold market in India? Well, let's face it; the nation is one of the biggest consumers of the metal, a major driver that can give us hints about demand and investment trends, along with what to perhaps eventually expect here in North America. But reading third-party reports about India is very different than getting information firsthand from a credible source in the country. I wanted to get to the bottom of what's really going on in India by talking to a reputable bullion dealer who could give me the inside scoop, an up-to-the-moment dispatch from the front lines, as it were. So I did just that.
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| Gold Price Broke Through $1,660 Closing at $1,666.90 Posted: 19 Mar 2012 10:32 AM PDT Gold Price Close Today : 1666.90 Change : 11.40 or 0.69% Silver Price Close Today : 3292.60 Change : 35.30 cents or 1.08% Gold Silver Ratio Today : 50.626 Change : -0.199 or -0.39% Silver Gold Ratio Today : 0.01975 Change : 0.000077 or 0.39% Platinum Price Close Today : 1677.90 Change : 5.20 or 0.31% Palladium Price Close Today : 706.50 Change : 8.70 or 1.25% S&P 500 : 1,409.75 Change : 5.58 or 0.40% Dow In GOLD$ : $164.18 Change : $ (1.03) or -0.62% Dow in GOLD oz : 7.942 Change : -0.050 or -0.62% Dow in SILVER oz : 402.09 Change : -4.16 or -1.02% Dow Industrial : 13,239.13 Change : 6.51 or 0.05% US Dollar Index : 79.43 Change : 0.332 or 0.42% The GOLD PRICE and SILVER PRICE kept on recovering today. Silver added 35.3c to close just under 3307c at 3292.6. Gold broke through $1,660 and added $11.40 to end at $1,666.90. Five day chart shows that since Wednesday gold has traced out a slow uptrend with higher lows and higher highs. Now gold has bumped its head against the downtrend line from the 29 February high, and the 200 DMA also stands at $1,680.76. Should gold break through them both, especially on the first try, it will scoot. By the way, Gold has formed another falling wedge, and y'all recall that wedges always break out the OPPOSITE direction from the way they point. The GOLD PRICE is trading out into the point of that wedge, and something will break soon, probably this week, up or down. Time for lower lows is rapidly draining away. You know, that SILVER has already made a correction greater than 50%. The 300 and 200 DMAs are kissing, which sometimes marks an upward turning point. If silver should close above 3450c, stop waiting and buy. Today it hit the 50 DMA and stopped, but looks strong still. Can't call a bottom, though, until silver confirms a bottom some way. If the US dollar index was my only friend, I'd shoot myself. Treacherous doesn't begin to compass it. Friday and in European trading early today the dollar was plumb -- and I mean plumb -- flat. Right on the bell at 10:30 New York time the dollar index fell off a cliff at 79.75, painted a pennant half way down, then resumed plunging to 79.35. Today's plunge broke the 50 DMA (79.63) but trading now at 79.434 (down 33.2 or 0.43%) the dollar index has not crossed below its 20 DMA (79.36). Although the dollar index rose above its last low on this current move, if it stops here it will only confirm a downtrend. Looking at today's action, the chart has not been fractured, and dollar could continue rising. But if it falls much below that 79.36, it will probably revisit 78.50. Like a bad child when his mama's sick, the Euro took this occasion to run hog wild. Gained 0.48% to $1.3242. The Japanese yen today closed just where it was on Friday, 120.01c/Y00 (Y83.33/US$1). Yen has definitely turned, though, after a 119.14c low. Sometimes I get knotted up because I can't explain to people why I won't recommend stocks. Today I went to an inflation calculator for an example. Dow topped in January 2000 at 11,722. Corrected for inflation, just to be at the same level the Dow would need to be at 15,500. BWDIK? I'm just a natural born fool from Tennessee. That sort of casts another perspective on today's stock action. Dow gained a grandiloquent 6.51 (0.05%) to 13,239.13. S&P500 rose 5.58 (0.4%) to 1,409.75. When it falls, it will drop like a plum bob out of a C130 cargo plane at 25,000 feet. Tomorrow my bionic wife has to have a cataract- clouded lens removed from her eye and replaced. She has worn glasses since she was 8, but after this replacement and another a week later, she will only need glasses for reading. I would deeply appreciate y'all praying for success and safety in her surgery. Thanks in advance for your prayers. 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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| Apple Closes Over $600 As Trading Volume Collapses Again Posted: 19 Mar 2012 09:12 AM PDT "Whocouldanode?" that Apple would do something like pay a de minimus dividend and begin a modest buyback program? Indeed, initial reactions for the stock seemed to be 'sell the news' but of course, it wouldn't be a day ending in 'y' if Apple didn't close green and sure enough, with seconds to spare, Apple managed to close over $600 for the first time. BofA, not so much. After pinging $10 (a healthy double of recent lows), chatter of a secondary began the process of 'normalizing' its recent behavior (the stock is still up 17% post JPM-divi/Stress test news, a whopping 10% better than any of its peers in that 4 day period). The leak in financials dragged on the S&P which limped back lower to close almost perfectly at its VWAP as NYSE trading volumes (after almost record-breaking high levels on Friday OPEX hedge removal day) dropped back to near their lows . Credit outperformed equities today but its a very 'technical' day for credit in general with the CDS/index rolls tomorrow (meaning the major credit indices will move to new maturities and new components) though HYG staggered notably early in the day. USD and Treasury weakness were the headlines of the day (aside from AAPL of course - which apparently has a great new screen) which of course helped commodities rally with high-beta Silver the best on the day +1.2% from Friday and WTI breaking $108 as Gold limped higher (tortoise-like) over $1660 at the end. VIX rose once again and the term structure flattened a little but once again post-OPEX and futures roll, there are some more difficult apples-to-camels comparisons there. HYG (green) dropped rather notably in the late morning (around the time of the European close) but staged a magnificent comeback as stocks limped higher overall. Whether this was overnight hedged into the credit roll that was snatched up by ETF arbs or just another algo save is unclear. We would expect anyone who needed to hedge to use HYG more than HY today heading into the roll. HY and IG stayed in sync as we suspect reracking off stocks and very light flows into the roll left them dangling near their intrinsic values.
Financials lost their loving feeling as BofA slid over 6% off its intraday highs. We noted in an earlier tweet that BofA has huge amounts of TLGP debt due in the next few months (which are on the books at exceptionally low costs of capital). We note they got a smallish 5Y deal off today at T+275bps so unless they are planning on another juicy DVA spread play, earnings will take a notable hit in Q2-3 from significantly higher debt costs. Of course, post JPM, BofA remains the huge outperformer so why not use this dislocation to raise a secondary...seems unlikely though that they could issue bonds today and not disclose some kind of secondary is coming but then again- MF Global...
Silver was the big winner on the day as Copper and Oil rekindled their synchronicity and Gold underperformed USD's weakness on the day managing only +0.25% from Friday's close.
Treasuries managed a decent overnight rally but as activity picked up this morning so Treasury yields popped higher again - up 7-8bps from Friday's close with the 2s10s30s (or the hump-shape/butterflies that twist seemingly pressured down) coming unwound en masse as 2Y outperformed and 7Y underperformed.
We can't help but feel like a lot of short-squeeze / hedge ammunition has been taken from the market post-OPEX (volumes were crazy on Friday, VIX has been leaking higher again, and credit protection buyers won't enter heavy until after the roll now) as the Greek CDS auction went off without a hitch (as we said it would - and did during LEH) and all those crisis hedges set for MAR expiration at the start of the year died out of the money. NYSE Volume is 25% below Q1 2011 levels on average. The volume traded on Friday was exception all by any measure and yet today we fall back to our old patterns of low volume limp higher.
Today was also the highest average trade size for the ES (S&P 500 e-mini futures contract) since July 1st 2011 - dramatically higher than recent average levels. Charts: Bloomberg
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| Gold offtake far greater than suggested in press, London trader tells KWN Posted: 19 Mar 2012 09:04 AM PDT 5p ET Monday, March 19, 2012 Dear Friend of GATA and Gold: The London trader source of King World News provides today what may be his most interesting commentary yet, remarking, among other things, that the physical offtake resulting from the recent gold smashdown was 10 times larger than suggested by the financial press and that the bullion banks manipulating the market likely will have to push the price up now to prevent the filling of large sovereign orders that have been placed just below the market. The interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/19_Lo... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT A Rare Opportunity with Collectible Gold Coins Sovereign debt problems in the United States as well as Europe will worsen this year. The mainstream financial media may never report about the likely inflationary consequences of bailouts and "quantitative easing," nor are they likely ever to recommend tangible assets for financial protection. But at Swiss America Trading Corp. we believe that it is no longer a luxury to own gold and silver coins but rather a necessity. At the moment the public is showing little interest in Double Eagle U.S. $20 gold coins, so the price premiums above the intrinsic melt values (.9675 ounce of gold in each coin) are historically low. The ratio of price to bullion content for these coins has been 2:1 but today it is only about 1.25:1. This is a real opportunity. So give us a call or e-mail and we will be glad to discuss the potential of these coins and how to use a ratio strategy to increase your gold ounces without money out of pocket. In the January edition of his Early Warning Report, Richard Maybury writes: "As they are inherently in very limited supply, I believe that high-quality numismatics will become tulips, eventually rising a thousand percent or more in real terms, when money velocity goes into mid-second stage. In late stage, who knows -- 2,000 percent? 3,000?" All inquiries will receive without charge (while supplies last) our latest book, "The Inflation Deception," as well as our newsletter "Real Money Perspectives." -- Tim Murphy, trmurphy@swissamerica.com -- Fred Goldstein, figoldstein@swissamerica.com Telephone: 1-800-289-2646 Swiss America Trading Corp., 15018 North Tatum Blvd., Phoenix, AZ 85032 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 Free Month Subscription to Market Force Analysis for GATA Supporters Market Force Analysis is a unique, patent-pending approach to commodity market analysis. An algorithm has been developed to extract supply and demand weightings from futures market data. The difference between supply and demand is the market imbalance that is called "market force," so named because it is what drives price. It brings clarity to past market action and predicts market trends. Because it is derived from accurate futures market data it is not subject to the errors inherent in macro-level estimates of supply and demand. Learn more here: https://marketforceanalysis.com/About_MFA.html Market Force Analysis focuses on short-term (15 days) and medium-term price predictions to help both short-term traders and long-term investors understand market moves and benefit from the generated prediction of prices. To read subscriber comments that show how much the service is appreciated, visit: https://marketforceanalysis.com/Testimonials.html The MFA service has been pioneered by market analyst and Gold Anti-Trust Action board member and researcher Adrian Douglas. The Market Force Analysis premium service provides: -- A bi-weekly report. -- Access to the MFA hot list of junior mining stocks derived from analysis of more than 800 mining stocks. The MFA hot list consistently outperforms well-known mining share indices like the HUI, GDX, and GDXJ. -- E-mail alerts about actionable trades. -- E-mail updates with important information. To obtain your 1-month free trial subscription to the Market Force Analysis letter, e-mail info@marketforceanalysis.com and put "MFA Free Trial" in the subject field.
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| Gold Resource Corporation Announces Hiring of Chief Financial Officer Posted: 19 Mar 2012 08:30 AM PDT Gold Resource Corporation (AMEX: GORO) is pleased to announce today that it has hired Mr. Brad Blacketor to become its full time Chief Financial Officer. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
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| Risk on Trade suggests Risk Off ahead? Posted: 19 Mar 2012 08:22 AM PDT
The markets started this year with the risk on trade. Silver and Gold dominated the bull run, tightly followed by some equity markets such as the Indian Sensex. It has been a climb of the famous wall of worry, but still, it is a great bull continuing to dominate, or? Both the precious metals have turned much lower compared to the high levels we saw earlier this year. Ok, no problem, the equity rally is still doing well. Yes, it is, at least the DAX is the new "leader", but the emerging leader, Sensex, has not taken out new highs. On the contrary, the market is downsome 6% from the highs we saw in mid February. If Silver, Gold and the Sensex showed the risk on trade until mid February, maybe the relative underperformance of the risk on trade is showing weakness ahead? Charts below. Dax blue, Sensex green, China black, SPX red.
Silver, Gold and Sensex, all losing ground.
What if the summer of 2012 will prove to be another stormy summer? Possible scenarios here.
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| Posted: 19 Mar 2012 08:16 AM PDT [U]www.preciousmetalstockreview.com March 17, 2012[/U] It was another strong week for US markets that is set to power many stocks higher soon. I’ve rarely seen so many great setups for swing trading in the leading stocks and we are and will be taking advantage of that in the week ahead. In stark contrast to the rampant bullishness that is so pervasive in markets and stocks today the precious metals are kind of here in no man’s land for the most part for now with a negative skew in the short term. While it’s not that much fun it happens and it’s only a sale in reality. Buying large dips has done nothing but increase wealth for over a decade now and there really is no sign of it stopping. As Mark Twain says, “History rhymes” This could not be more true for this secular precious metals bull market. We get failed breakout after failed breakout and then large corrections which end up being h...
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| Dr. Nu Yu?s Market Weekly Update Posted: 19 Mar 2012 08:11 AM PDT [B][B][/B][/B][B][B]What is currently transpiring with gold, silver, the US Dollar Index, 30-year U.S.*Treasury bonds and the broad stock market is no surprise to those who follow my weekly market updates. Take a look. [/B][/B]Words: 721 So says Dr. Nu Yu ([COLOR=#0000ff]http://fx5186.wordpress.com) in edited excerpts from his original article*[/COLOR] (which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has further edited below for length and clarity – see Editor's Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.) Yu goes on to say, in part: The Broad Stock Market (Wilshire 5000 Index) The Dow Jones Wilshire 5000 index, as an average or a benchmark of the total equity market, has been in a “Rising Wedge” pattern (see here) for four months, on the way towards the wedge apex. Although the rising wedge pattern typically has a bearish bias, it is one of the worst performing ch...
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| Gold Daily and Silver Weekly Charts - New Moon, New Year, Dollar Oil Posted: 19 Mar 2012 08:08 AM PDT |
| London Trader - Sovereign Gold Buyers to Raise Their Bids Posted: 19 Mar 2012 08:05 AM PDT  With many global investors still concerned about the price of gold and silver, today King World News interviewed the "London Trader" to get his take on these markets. Here is what the source had to say: "Every time they have conducted raids in the paper market they lose more and more physical gold and we work from a higher level in terms of price. Right now we have washed out an awful lot of the hot, weak money out of the gold market."
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Since I began writing for Seeking Alpha, we have had quite a nice and successful run in the metal markets. After publishing an article several months ago calling the bottom in the gold market, our latest market call was published on February 26, calling for a pullback in the metals, specifically written about silver. Specifically, I wrote that "I am expecting the silver market to top out over the next few days within the $36 region."
We've read mixed reports about how lofty gold and silver prices are affecting demand in India. One month we're told demand is up, and the next it's supposedly down. I'm not suggesting that official reports are inaccurate, but it is admittedly confusing and doesn't help us understand the real trend in the country.
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