Gold World News Flash |
- AH-64 Apache Helicopter Crashes in Afghanistan – Pilots Unharmed
- Silver Update 3/21/12 Silver Billionaires
- Peter Schiff - Gold, Oil & The Fed’s Greatest Fear
- Gold Seeker Closing Report: Gold and Silver End Slightly Higher
- Finance council should speed up speculation curbs, Chilton says
- Gold 20/50 Day Average Bearish Cross
- Turd's Index of Traffic and Sentiment
- Important: 140% Debt to GDP for Italy/Iran's Ultimatum/Spain's economy in turmoil/European bond yields rise
- Zero Hedge: Catching The "Silver Crusher" Algorithm In The Act
- The CFTC has already done all it can about silver -- and everything else
- Catching The “Silver Crusher” Algorithm In The Act
- Gold Will Surge To $2,500 And The S&P 500 Will Plunge To 1,000 – David Tice
- Ron Hera–Fiat Currencies are a Corrupt Immoral Scheme
- James Turk: Bernanke goes to (my) college
- John Embry - Global Debt Saturation Ensures Much Higher Gold & Silver Prices
- Republicans and Democrats Both Want to Kill You!
- Catching The "Silver Crusher" Algorithm In The Act
- SILVER is The Achilles' Heel to the ENTIRE ECONOMIC SYSTEM ***(Must Watch!)***
- Bernanke Bashes the Gold Standard During University Lecture Tour
- Fed Chairman Ben Bernanke: What A Fool Believes
- Richard Russell - Silver Now Outpacing Gold & Fed Frightened
- The Gold Price Rose $3.30 to close at $1,650 Must Break out Upside Through $1,670
- The Gold Sector Is On Sale: Michael Fowler
- Gold Daily and Silver Weekly Charts - Heart of Gold
- BOB JANJUAH: The Whole Market Is Rigged, And The Dow To Gold Ratio Is Headed For 1:1
- John Embry: $50 Downside on Gold but $1,000’s to the Upside
- Antal Fekete Responds To Ben Bernanke On The Gold Standard
- Paper trading and manipulation in precious metals
- Crude Oil to Rise as Gold Declines on Pickup in US Existing Home Sales
- The Arbitrageur: Temporary Backwardation: The Path Forward from 2008
| AH-64 Apache Helicopter Crashes in Afghanistan – Pilots Unharmed Posted: 21 Mar 2012 05:12 PM PDT | ||
| Silver Update 3/21/12 Silver Billionaires Posted: 21 Mar 2012 04:13 PM PDT | ||
| Peter Schiff - Gold, Oil & The Fed’s Greatest Fear Posted: 21 Mar 2012 04:11 PM PDT  With continued volatility in gold, silver, oil and stocks, today King World News interviewed Peter Schiff, CEO of Europacific Capital. Schiff told KWN it's inflation that is causing the move in stocks. He also discussed gold and the mining shares, but first, here is what Schiff had to say about oil and the situation in Iran: "I hope we don't get involved in Iran. Anytime we get more involved in the Middle-East we create more problems. Maybe the administration is looking for something to blame the high oil price on, rather than admit it's excess money printing causing the problem."
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| Gold Seeker Closing Report: Gold and Silver End Slightly Higher Posted: 21 Mar 2012 04:00 PM PDT Gold climbed to $1660.03 in Asia before it fell back to $1646.50 in London and then rose to a new session high of $1661.80 by a little after 10AM EST, but it then fell back off into the close and ended with a gain of just 0.08%. Silver rose to $32.385 before it slipped back to $31.845, but it then bounced back higher in New York and ended with a gain of 0.22%.
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| Finance council should speed up speculation curbs, Chilton says Posted: 21 Mar 2012 03:17 PM PDT By Silla Brush http://www.bloomberg.com/news/2012-03-21/finance-council-should-speed-up... WASHINGTON -- A council of U.S. financial regulators should speed up Dodd-Frank Act rules needed to limit speculation on oil, natural gas, and other commodities, Bart Chilton, a member of the Commodity Futures Trading Commission said. The CFTC and Securities and Exchange Commission, having delayed adopting regulations stemming from the 2010 financial-regulation overhaul, should consider asking the Financial Stability Oversight Council to complete the regulation defining which derivatives are swaps, Chilton said in a speech prepared for his appearance today before the Exchequer Club of Washington. The speculation limits rely on the definition. "I realize this is a highly unusual and perhaps incendiary move, but we have a responsibility to act here, and it's high time we do so to protect markets and consumers," said Chilton, a Democrat who supports the speculation limits. "Perhaps given the importance of position limits and the purported hang-up, it's time to pass the ball to FSOC." ... Dispatch continues below ... 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 The council includes 10 voting members, including the heads of the Federal Reserve and Federal Deposit Insurance Corp. Treasury Secretary Timothy F. Geithner is chairman of the council. U.S. senators introduced legislation today aimed at getting the CFTC to limit speculation they said has led to rising gasoline prices. Senators Bernie Sanders, a Vermont independent, and Ben Cardin, a Maryland Democrat, said their legislation would give the agency 14 days to implement rules to halt "excessive" oil-futures speculation. "Oil prices are negatively impacting our entire economy," Sanders said at a Washington news conference today. "Excessive speculation on the oil futures market is driving oil prices up.'" The speculation limits are among the most controversial requirements in Dodd-Frank and spurred more than 13,000 comments to the CFTC from supporters such as Delta Air Lines Inc. and opponents such as Barclays Plc's Barclays Capital. CFTC commissioners voted 3-2 at an Oct. 18 meeting to approve the final regulation, with Jill E. Sommers and Scott O'Malia, both Republicans, voting in opposition. The International Swaps and Derivatives Association Inc. and Securities Industry and Financial Markets Association filed a lawsuit in December challenging the rule. The associations' members include JPMorgan Chase & Co., Goldman Sachs Group Inc., and Morgan Stanley. The groups argue that the CFTC never studied whether the regulation was "necessary and appropriate" or quantified the costs tied to implementing the rule. A judgment is pending. The case is International Swaps and Derivatives Association v. U.S. Commodity Futures Trading Commission, 11-02146, U.S. District Court, District of Columbia (Washington). 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 20/50 Day Average Bearish Cross Posted: 21 Mar 2012 03:12 PM PDT courtesy of DailyFX.com March 21, 2012 01:29 PM Daily Bars Prepared by Jamie Saettele, CMT In general, the series of lower lows and lower highs since the 2/29 mini crash may be the beginning of a larger decline. The 20 day average crossed below the 50 today. Still, strategy remains unchanged; “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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| Turd's Index of Traffic and Sentiment Posted: 21 Mar 2012 02:47 PM PDT by Turd, Tfmetalsreport.com: Everyone knows by now that I use a lot of acronyms. In this case, however, I'm choosing not to because I don't want to mess up all of my search engine metrics. Let's see, we've got FUBMs, WOPRs and the LHSI. We've even got the EE and the BLSBS. To this list we officially add….uhh-uhmmm…well, you get the point. Our new indicator attempts to combine the traffic level of this site with the overall sentiment of its readers. Multiply this number by the price of silver and you get a rather useful new measurement. It looks something like this: (T + S) x P = TITS T = Traffic relative to benchmark of 25,000 unique visitors/day S = Turdite sentiment index measured subjectively by proprietor. (10 = Euphoric, 1 = Suicidal) P = Dollar price of an ounce of silver For perspective, the following table quantifies our new proprietary index Read More @ Tfmetalsreport.com
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| Posted: 21 Mar 2012 02:43 PM PDT by Harvey Organ, Harveyorgan.blogspot.com: Good evening Ladies and Gentlemen: Before beginning with this commentary, I have seen a lot of needless attacks from certain readers and I have received a lot of emails that these comments should be moderated. I have always believed in free speech and thus I don't remove these comments no matter the persuasion. I will warn you however, their emphasis relies heavily on the paper gold/silver market, without realizing any of the implications on the real physical side. The real drama is not at the comex but in London England, the home of most of the physical purchases and sales of gold and silver. It is the place where rapidly hoarding China obtains its metal. The moment London is out, I can assure you that the comex will default. (and this is exactly what I stated to Commissioner O'Malia when he asked me if I felt that the comex may default). You can view my testimony as it appears on the right hand side of my commentary. Gold closed today at $1650. up $3.30. Silver rose by 40 cents to $32.20. Read More @ Harveyorgan.blogspot.com
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| Zero Hedge: Catching The "Silver Crusher" Algorithm In The Act Posted: 21 Mar 2012 02:04 PM PDT when someone is willing to bend the laws of relativity, just to get a cheaper price in silver, to perpetuate a failing monetary system or for any other reason...
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| The CFTC has already done all it can about silver -- and everything else Posted: 21 Mar 2012 01:55 PM PDT 9:51p ET Wednesday, March 21, 2012 Dear Friend of GATA and Gold (and Silver): Drawing on data collected by Nanex, Zero Hedge tonight calls attention to some high-frequency trading done yesterday to smash the price of silver down: http://www.zerohedge.com/news/catching-silver-crusher-algorithm-act Some steadfast friends of GATA keep sending notes about such stuff to members of the U.S. Commodity Futures Trading Commission in the hope that the commission's 3-year-old (or is it 4 now?) supposed investigation of the silver market will report evidence of manipulation, and we hate to discourage them. But the delay of the investigation signifies plainly enough that the CFTC knows that what is going on in silver (and gold) is essentially a U.S. government operation implemented through a de-facto U.S. government agency, JPMorganChase & Co., and the commission just can't do anything about it. Not just gold and silver price suppression but commodity price suppression generally long has been U.S. government policy. Indeed, it's miraculous that the toasted remnants of CFTC Commissioner Bart Chilton, who got GATA's Bill Murphy and Adrian Douglas into the commission's landmark hearing on silver on March 25, 2010, putting the silver suppression scheme on the public record and sparking the metal's sharp ascent, haven't been discovered in a Bessemer converter somewhere. Anybody who wants to know about the suppression of precious metals prices and the purposes behind it already knows or easily can find out. The bigger question is who dares acknowledge it and who doesn't. When it comes to the world monetary system, the U.S. government is simply corrupt. As it is a matter of ruling people without their consent, empire can't help being otherwise. If Americans want to protest this, they should protest to their elected officials, their members of Congress and the president, and maybe to the news media -- there are still a few honest and intelligent people in those places. Don't bother complaining to the CFTC. It can't do more than it -- or, rather, one of its members -- already has done. Or maybe a better protest still is just to buy a little monetary metal and sock it away in a safe place subject to the rule of law, if you can find one. (If you can, please let us know what it is.) These people will be glad to help you: 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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| Catching The “Silver Crusher” Algorithm In The Act Posted: 21 Mar 2012 01:20 PM PDT from Zero Hedge: There was a time when catching the silver "whack-a-mole" algo, or process, or intervention, or manipulation, or whatever one wants to call it, in action was a myth: an urban legend, perpetuated by silver conspiracy theorists. Until today that is. Courtesy of Nanex we now have direct evidence of just what the reflexive market (in which derivative products such as ETFs influence underlying assets) goes to town by taking silver to the woodshed at a whopping 75,000 times per second! From the broken market sleuths at Nanex: "On March 20, 2012 at 13:22:33, the quote rate in the ETF symbol SLV sustained a rate exceeding 75,000/sec (75/ms) for 25 milliseconds. Nasdaq quotes lagged other exchanges by about 50 milliseconds. Nasdaq quotes even lagged their own trades — a condition we have jokingly referred to as fantaseconds." Translation: so desperate was the desire to crush silver at precisely 13:22;33, that the Nasdaq order flow directive ended up moving faster than light. Frankly, we don't know about you, but when someone is willing to bend the laws of relativity, just to get a cheaper price in silver, to perpetuate a failing monetary system or for any other reason, we quietly step aside…
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| Gold Will Surge To $2,500 And The S&P 500 Will Plunge To 1,000 – David Tice Posted: 21 Mar 2012 01:09 PM PDT from Fox Business.com : David Tice, the former chief portfolio strategist for bear markets at Federated Investors, is bearish. His 18-month target for the S&P 500 is 1,000, and he thinks gold is headed to $2,500 within the next two to three years. Tice appeared on Fox Business News this afternoon. "We feel just like we did in 1999 and 2007," said Tice "[During] both of those periods, people were positive about credit being created, the central banks were easy, everybody was complacent, and we ended up having a big accident." "Right now the baton has been passed from the private sector leveraging to the public sector leveraging. We broke down the private securitization markets in '08, and now the Fed and the ECB have had to enlarge their balance sheets and they're going to destroy their currencies."
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| Ron Hera–Fiat Currencies are a Corrupt Immoral Scheme Posted: 21 Mar 2012 01:04 PM PDT from The Financial Survival Network:
Ron Hera of Heraresearch.com joined us today to share his latest opinions on why paper money is often equivalent to theft. While there are many things wrong with fiat money, the main thing is it enables government to easily pick winners and losers. If you want to take advantage of an opportunity and you're part of the in-group, all you need to do is contact your connections, get a government license or a cheap government loan/subsidy and you're in. If you're an insolvent banker who doesn't know how you're ever going to get all those mortgages paid off, you call your friendly Fed and the next thing you know, you've gotten a generous bailout and the bonuses are flowing. Obviously such inequities increase resentment among the not-so-connected group. This group is being fleeced for the benefit of the elites and cons, and they want justice. Judging from the aftermath of the financial collapse, this group is never going to get vindication because the elites look after each other and keep one another from being held accountable. Therefore, it becomes necessary for the average citizen to invest in places where he/she will not be subject to government confiscation. Ron Hera is a master at this fine art of evasive investing. This was a far ranging but extremely relevant discussion. Clich Here to Listen to the Podcast
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| James Turk: Bernanke goes to (my) college Posted: 21 Mar 2012 12:56 PM PDT 8:55p ET Wednesday, March 21, 2012 Dear Friend of GATA and Gold: Talking back tonight to Federal Reserve Chairman Ben Bernanke's lecture at George Washington University, and with particular expertise, is GoldMoney founder, Free Gold Money Report editor, and GATA consultant James Turk, who throws Austrian economics at Bernanke pretty hard, perhaps harder still because he is a graduate of that university. Turk's commentary is headlined "Bernanke Goes to College" and it's posted at the FGMR Internet site here: http://www.fgmr.com/bernanke-goes-to-college.html CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Prophecy Platinum (TSXV: NKL) and Ursa Major Minerals Company Press Release VANCOUVER, British Columbia, Canada -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) and Ursa Major Minerals Inc. have signed a binding letter of agreement for a business combination through a proposed all-share transaction. In doing so Prophecy and Ursa have acted at arm's length and the transaction has been negotiated at arm's length. Prophecy will issue one common share in exchange for every 25 outstanding common shares of Ursa. Ursa options and warrants will be exchanged for options and warrants of Prophecy on an agreed schedule. Prophecy's offer represents a value of about $0.15 per each common share of Ursa based on Prophecy's share price of $3.70 as at March 1, representing a premium of 130 percent to Ursa's March 1 closing price of $0.065. Prophecy is to subscribe for $1 million common shares of Ursa by way of private placement financing at $0.06 per share, subject to regulatory approval. Upon placement completion, John Lee and Greg Hall, current Prophecy directors, will be appointed to Ursa's board. Prophecy thus will become a mid-tier resource company with a robust and -- The fully permitted open-pit Shakespeare PGM-Ni-Cu mine close to Sudbury, Ontario, infrastructure with near-term production capabilities. -- The flagship Wellgreen (Yukon) PGM-Ni-Cu project with more than 10 million ounces of Pt-Pd-Au inferred resource. Drilling is under way and a preliminary economic assessment study is pending. -- Manitoba's Lynn Lake Ni-Cu project with more than 262 million pounds Ni and 138 million pounds Cu measured and indicated. For the complete announcement, please visit Prophecy Platinum's Internet site here: http://www.prophecyplat.com/news_2012_mar02_prophecy_platinum_ursa_major... 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 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
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| John Embry - Global Debt Saturation Ensures Much Higher Gold & Silver Prices Posted: 21 Mar 2012 12:44 PM PDT John Embry - Global Debt Saturation Ensures Much... [[ This is a content summary only. Visit my website http://goldbasics.blogspot.com for full Content ]] 
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| Republicans and Democrats Both Want to Kill You! Posted: 21 Mar 2012 11:48 AM PDT Republicans and Democrats Both Want to Kill You!What is happening to this country? Robert Reich points out that, in announcing the Republicans' new budget and tax plan Tuesday, House Budget Committee Chairman Paul Ryan said "We are sharpening the contrast between the path that we're proposing and the path of debt and decline the president has placed us upon." But the plan doesn't do much to reduce the debt. Even by its own estimate the deficit would drop to $166 billion in 2018 and then begin growing again. The real contrast is over what the plan does for the rich and what it does to everyone else. It reduces the top individual and corporate tax rates to 25 percent. This would give the wealthiest Americans an average tax cut of at least $150,000 a year. The money would come out of programs for the elderly, lower-middle families, and the poor. "So what's the guiding principle here?" asks Reich. "Pure social Darwinism. Reward the rich and cut off the help to anyone who needs it." Most Americans who do have jobs continue to lose ground. New research by professors Emmanual Saez and Thomas Pikkety show that the average adjusted gross income of the bottom 90 percent was $29,840 in 2010 — down $127 from 2009, down $4,842 from 2000, and just slightly more than $29,448 in 1966 (all figures adjusted for inflation). Ryan says too many Americans rely on government benefits. "We don't want to turn the safety net into a hammock that lulls able-bodied people into lives of dependency." Well, I have new for Paul Ryan, says Robert Reich: Almost 23 million able-bodied people still can't find work. They're not being lulled into dependency. They and their families need help. Even if the economy continues to generate new jobs at the rate it's been going the last three months, we wouldn't see normal rates of unemployment until 2017. I wish I could tell you that Ryan's Republicans made the most disturbing statement I've heard from Government officials recently - but they didn't. That honor goes to Obama's Attorney General, Eric Holder, who gave a lecture at Northwestern University outlining his three-part test for determining when it's "OK" to execute a US citizen without a trial. Steve Colbert explains it nicely: Do you see a theme here? We are being de-humanized by both parties in our Government. They already took away your right to Liberty under the Patriot Act, and Paul Ryan and his cronies are making the Pursuit of Happiness a game for the top 1% only, and now we have Eric Holder saying that the right to Life is not so much a guarantee under the constitution as it is a sort of conditional privilege - as long as you don't piss off anyone in power.
The NSDAP rose to power in Germany with a popular "war" against Communism in which they too lobbied to change the rules of due process to "expedite" the necessary pursuit of their enemies, who could be anyone - anywhere. As they morphed into the Nazi Party, they took advantage of those "minor changes" to consolidate their power. Soon the definition of who constituted a threat expanded to Gypsies, Jews, Black People, Homosexuals and anyone else who happened to disagree with them - BUT IT WAS ALL LEGAL! When did "never again" turn back into "maybe later"?
Even now, the infrastructure of this country is coming apart at the seams and Paul Ryan wants to cut 80% of the Government's discretionary budget over 8 years. It's not even a fantasy - it's a nightmare! Obama has already cut Government spending more than any President since Bill Clinton and 600,000 Government employees have lost their jobs (making Obama's net job creation numbers seem much worse than they are) but no amount of cutting and gutting will ever satisfy the Republicans until our entire Government is outsourced to Corporate Interests.
15 Greek Billionaires rank among the World's richest men (an outsized number as their economy is 1/50th the size of ours) and they and the poorer 99% of the top 1% drained that country dry over the past few decades but they all get to walk away and leave the other 20M Greek citizens and their children and their grandchildren to clean up the mess they made. You can see it in Greece because there was no interruption of the program between the Reagan/Thatcher/Kohl revolution of the 80s and today, while the US had 8 years of Clinton pushing some of the wealth back to the middle class - which bought us a little more time but, with a debt to GDP ratio now over 100% and rising fast - we're not very far behind.
As you can see from the chart above, since the 70's and especially since the early 80's, this country has done nothing but go massively into debt - JUST LIKE GREECE - and our wealth is being extracted by the top 1% - JUST LIKE GREECE - and they will throw the bottom 99% to the wolves when the bill comes due while the top 1% skate out of this country and leave it an ungovernable wasteland with no future - JUST LIKE GREECE. But, unlike Greece - there will be no EU to bail us out. The EU bailout is merely and "extend and pretend" move by the wealth extractors to make the bottom 99% of the nations that haven't been destroyed yet think that business as usual is still OK and, meanwhile, let's borrow more money and lower those pesky taxes and eliminate those annoying regulations because "that will fix everything." It's like the plot to a dystopian fantasy only we're not merely living in it, we're playing the part of the unwitting masses whose lives are being sacrificed on the alter of profits for the puppet-masters.
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| Catching The "Silver Crusher" Algorithm In The Act Posted: 21 Mar 2012 11:45 AM PDT There was a time when catching the silver "whack-a-mole" algo, or process, or intervention, or manipulation, or whatever one wants to call it, in action was a myth: an urban legend, perpetuated by silver conspiracy theorists. Until today that is. Courtesy of Nanex we now have direct evidence of just what the reflexive market (in which derivative products such as ETFs influence underlying assets) goes to town by taking silver to the woodshed at a whopping 75,000 times per second! From the broken market sleuths at Nanex: "On March 20, 2012 at 13:22:33, the quote rate in the ETF symbol SLV sustained a rate exceeding 75,000/sec (75/ms) for 25 milliseconds. Nasdaq quotes lagged other exchanges by about 50 milliseconds. Nasdaq quotes even lagged their own trades -- a condition we have jokingly referred to as fantaseconds." Translation: so desperate was the desire to crush silver at precisely 13:22;33, that the Nasdaq order flow directive ended up moving faster than light. Frankly, we don't know about you, but when someone is willing to bend the laws of relativity, just to get a cheaper price in silver, to perpetuate a failing monetary system or for any other reason, we quietly step aside... From Nanex: SLV 1 second interval chart showing trades colored by reporting exchange.
SLV 1 second interval chart showing the NBBO
SLV 1 millisecond interval chart showing trades colored by reporting exchange.
SLV 1 millisecond interval chart showing the NBBO
SLV 1 millisecond interval chart showing the quotes and trades from ARCA (red) and Nasdaq (black).
SLV 1 millisecond interval chart showing the quotes and trades from BATS (purple) and Nasdaq (black).
SLV 1 millisecond interval chart showing trades colored by reporting exchange.
SLV 1 millisecond interval chart showing the NBBO.
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| SILVER is The Achilles' Heel to the ENTIRE ECONOMIC SYSTEM ***(Must Watch!)*** Posted: 21 Mar 2012 11:00 AM PDT
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| Bernanke Bashes the Gold Standard During University Lecture Tour Posted: 21 Mar 2012 10:39 AM PDT from PlanetEarthAwakens01 : In a transparent attempt to undermine Ron Paul's growing support among the College-age crowd, Ben Bernanke the head of the Fed has entered the university lecture circuit to advocate the benefits of the central banking economic model. During his speech he offers a 15 minute monologue on the gold standard and its failings in his eyes. Ron Paul shoulda been there too. Cage match anyone?
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| Fed Chairman Ben Bernanke: What A Fool Believes Posted: 21 Mar 2012 10:21 AM PDT Federal Reserve "Propaganda" Curriculum Aimed at High Schools
Does it make ANY sense that a nation with the CONSTITUTIONAL AUTHORITY to coin money, borrows money [with interest] from a private for profit banking cartel to fund it's government? In the almost 100 years since it's inception, the CONSTITUTIONALLY ILLEGAL Federal Reserve's "monetary policy" has only succeeded in destroying this once great nations wealth. It has done NOTHING to enrich America in any way, shape, or form. Only a fool would believe otherwise. You can take you monetary police Mr. Bernanke and put it deeply "where the sun don't shine." Try as you might to brainwash the youth of this nation, it is they who will see clearly through your BS and inevitably call for your useless institutions destruction and the salvation of this once proud and wealthy nation. The clear and blatant theft of the wealth of America by your banking cartel will "soon enough" be stopped, and the Federal Reserve will be felled by a "silver bullet" shot at the Achilles Heel of your sick and twisted institution. The Silver Bullet, a shot heard round the world that shall be by the people, for the people and of the people, and destroy your crony monetary policy once and forever. The great Ron Paul has fired the first "Silver Bullet" at Bernanke and Co.: Ron Paul Holds Up Silver Ounce and Tells Bernanke He's Killing the Dollar 2/29/12 SILVER is The Achilles' Heel to the ENTIRE ECONOMIC SYSTEM ***(Must Watch!)*** by brotherjohnf on Wednesday, March 21st, 2012 http://Silver-Investor.com This video came from the heart, please pass it along if you see fit. Thanks again to BrotherJohnF, Here is the link to his original video: http://www.youtube.com/watch?v=eAy3tq0c9AU ____________________________ Got Gold You Can Hold? Got Silver You Can Squeeze? It's NOT Too Late To Accumulate! 
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| Richard Russell - Silver Now Outpacing Gold & Fed Frightened Posted: 21 Mar 2012 10:02 AM PDT "The greatest credit bubble in history has burst. The world markets are now under long-term pressure from deleveraging and contraction...
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| The Gold Price Rose $3.30 to close at $1,650 Must Break out Upside Through $1,670 Posted: 21 Mar 2012 09:38 AM PDT Gold Price Close Today : 1650.00 Change : 3.30 or 0.20% Silver Price Close Today : 3219.90 Change : 39.4 cents or 1.24% Gold Silver Ratio Today : 51.244 Change : -0.531 or -1.03% Silver Gold Ratio Today : 0.01951 Change : 0.000200 or 1.04% Platinum Price Close Today : 1638.70 Change : -14.30 or -0.87% Palladium Price Close Today : 684.80 Change : -8.25 or -1.19% S&P 500 : 1,402.90 Change : -2.62 or -0.19% Dow In GOLD$ : $164.43 Change : $ (0.88) or -0.54% Dow in GOLD oz : 7.954 Change : -0.043 or -0.54% Dow in SILVER oz : 407.61 Change : -6.48 or -1.57% Dow Industrial : 13,124.62 Change : -45.57 or -0.35% US Dollar Index : 79.62 Change : 0.260 or 0.33% Nothing fruitful took place for the silver and GOLD PRICE today. True, they rose a little, but not enough to alter the downtrend. The GOLD PRICE rose 3.30 to $1,650 and silver rose 39.4c to 3219.9c. The GOLD/SILVER RATIO gives us a feeling of where we are and where we are headed. It keeps see-sawing upwards. Oh, it fell today from 51.775 to 51.244, but three days ago its was at 50.626. The GOLD PRICE reached a little higher today at 1661.65 than yesterday's high at $1,657.80. Low came a little higher, too, at $1,647.08 against $1,641.90. Never mind, it's still range-bound trading. Must break out upside through $1,670, or down at at $1,640. Till then, range-bound trading is just noise. Meanwhile, gold remains below its 50 DMA ($1,705.43), 150 DMA ($1,711.55), and 200 DMA ($1,681.82). Can't argue that momentum points down. On the longer term SILVER PRICE chart in the last six days silver has established a double bottom at 3162c - 3175c. To argue that will hold, I would point to the pattern of the correction since the February high, which has a down A-B-C completed look to it. But in spite of that, SILVER remains rangebound. Either it falls through 3180c to drop lower, or it rises above 3240c for higher prices. Meantime, we're just watching. Abide patiently. Higher prices are coming once this correction ends. My dear wife Susan was feeling pretty punk last night, but this morning she was dancing around and laughing like a little girl. With the lens replaced in only one eye due to a cataract, she can see! She has worn glasses since she was 8, and she's tickled pink. Thanks for your prayers. For two days the dollar index has been vibrating up to down in a flat range from 79.80. Gained 26 basis points today and is now at 79.619. One has the feeling all interest in this market has died. Odd, since the United States seems bent on provoking Iran and through it another world war. Euro looked a little flakey today, second day it has shown itself not equal to crossing above its 20 day moving average. Closed at $1.3211, down 0.11%, but really just dead in the water. The yen today posted the first leg of a key reversal by breaking into new low territory but closing higher than yesterday. A close above today's 119.97c (Y83.35/US$1) tomorrow will complete that key reversal and turn the yen firmly up. Stocks today rounded and fell further from that top they've been drawing. SAP fell 2.62 (0.19%) to 1,402.90 while the Dow fell 45.57 (0.36%) to close at 13,124.62. Y'all don't get too disappointed when it falls, because it will be only the first in a very long series of disappointments Wait! I'd better stop saying such things. I am liable to get a visit from the Nice Government Men in the NOTSUA -- National Office to Suppress Un-American Activities. 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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| The Gold Sector Is On Sale: Michael Fowler Posted: 21 Mar 2012 09:14 AM PDT The Gold Report: Let's start with the changing risk picture in the gold space. Agnico-Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) and Kinross Gold Corp. (K:TSX; KGC:NYSE) are down by about 50% and 75%, respectively, from their 52-week highs. Both would once have been considered low risk. Are there no low-risk companies in the gold space today? Michael Fowler: I think that is correct, Brian. Right now, any gold stock is fairly risky due to a combination of factors. First off, gold stocks and the gold price are very volatile. Second, gold mining is a tough business, subject to unforeseen circumstances. Despite the size of Agnico-Eagle, Kinross, even Barrick Gold Corp. (ABX:TSX; ABX:NYSE), I would attach a fair degree of risk to each. TGR: If investors have to assume risk with gold equities, does it make sense to go with small- and mid-cap companies where the rewards can be higher? MF: Yes, I think investors should be more focused on junior producers and, to some extent, explorers. That is wh...
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| Gold Daily and Silver Weekly Charts - Heart of Gold Posted: 21 Mar 2012 08:27 AM PDT | ||
| BOB JANJUAH: The Whole Market Is Rigged, And The Dow To Gold Ratio Is Headed For 1:1 Posted: 21 Mar 2012 08:25 AM PDT gold is a winner either way – remember, gold is a great (monetary) inflation hedge, & in a deflationary credit collapse gold works as a store of value...
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| John Embry: $50 Downside on Gold but $1,000’s to the Upside Posted: 21 Mar 2012 08:07 AM PDT "This is just a wonderful opportunity to acquire physical metal and I suspect the Eastern central banks and the wise people are doing exactly that.
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| Antal Fekete Responds To Ben Bernanke On The Gold Standard Posted: 21 Mar 2012 07:51 AM PDT The day of reckoning for monetary insanity is on hand. The Constitution is there for the protection of all...
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| Paper trading and manipulation in precious metals Posted: 21 Mar 2012 07:26 AM PDT In fact silver is probably the most manipulated market in the world, I really can't think of any other market that is so easily manipulated.
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| Crude Oil to Rise as Gold Declines on Pickup in US Existing Home Sales Posted: 21 Mar 2012 07:01 AM PDT courtesy of DailyFX.com March 21, 2012 12:55 AM Commodity prices are under pressure amid fears of slowing Chinese economic growth but comments from the Fed’s Ben Bernanke may alleviate some pressure. Talking Points [LIST] [*]Crude Oil, Copper Higher Ahead of US Existing Home Sales Report [*]Gold and Silver at Risk as US Data Weighs on QE3 Bets, Boosts Dollar [/LIST] Commodity prices are showing mixed results in European trade but S&P 500 index futures point firmly higher, hinting risk appetite is likely to be well-supported heading into the afternoon as Wall Street comes online. Optimism seems to reflect hopeful expectations ahead of US Existing Home Sales figures, where forecasts point to the highest reading in 22 months at 4.61 million. With the Eurozone widely expected to be in recession already and worries about a slowdown in China at the forefront again after the country raised fuel prices yesterday, the US stands as the sole remaining major engine of global output ...
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| The Arbitrageur: Temporary Backwardation: The Path Forward from 2008 Posted: 21 Mar 2012 06:45 AM PDT The March silver futures contract first entered backwardation on Mar 9 and with a few zigs and zags has not only remained there but has gone deeper and deeper in. The April gold future just entered backwardation today. Read More...
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At the moment, the people in power seem to be on our side so Yay!, I guess. 
Again, we're not "one of those people" so we have nothing to worry about, right? Actually, we are right back to where we were in 2007, 
You are probably thinking "Great - which ones so I can buy stock in them" but this is not a recipe for growth - this nothing more than a wealth extraction - draining America dry the same way business people drain the cash out of a near-bankrupt company by refusing to spend money and draining all of the cash flow until it dwindles away to nothing - at which point they default on the debts, lay off all the remaining employees (reneging on their pensions) while the top dogs parachute out and head off for the next fatted calf to slaughter (see SHLD).
THIS is why I am concerned about the "rally." I was right in 2007 but it took an entire year for the market to collapse. I don't think we have as long this time because our second assault on the Middle Class and the poor is akin to kicking them when they are already down. On the left we have a chart of gas sales in California - the bottom 99% simply don't have anything left to give us and if people like Paul Ryan are going to insist on bleeding them until they die (or revolt) - he's likely to get that wish a lot sooner than we all think. 
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