saveyourassetsfirst3 |
- 4 Cheap Dividend Plays With Plenty Of Value
- ‘Management’ vs. Prediction
- Why I Am Going Bargain Hunting With These Battered Gold Stocks
- Gold's Bullish Would-Be Bears
- Another Healthy Correction for Gold and Silver
- Retiring On The 'New Normal' Portfolio
- Quick Thoughts on SQE (More Fed Easing)
- Indian Jewellery Traders Hate Gold ETFs
- India Doubles Customs Duty on Gold Bullion, Central Banks buy on Dip
- Editorial - Bogus CFTC Letter, JP Morgan Chase
- Gold/Silver Ratio Heading Lower
- Silver’s False Bullish Breaks…
- WATCH: Tekoa DaSilva on Gold Perceptions
- India Doubles Customs Duty on Gold Bullion
- Gold ETFs thorn in the eye of Indian jewellery traders
- Why Gold Could Spike 20% in a Day or Two
- Trader alert: This proven indicator shows silver could have further to fall
- Federal Reserve inflation is now seeping into one of the last bastions of cheap food prices
- LISTEN: Dan Norcini talks with TFMetals
- Clear & Present Dangers
- WATCH: Hidden Meaning in the New $100 Bill
- 80 Percent Of Americans: Things Are Worse After Obama
- You Can’t Beat Silver as an Investment
- Gold & Silver Market Morning, March 16 2012
- Hecla Mining Co.'s Silver Moment
- Pierre Lassonde: Upside 'Fireworks' Ahead For Gold
- Europeans fear that Fed uses their gold in interventions, Sinclair tells KWN
- Upside 'fireworks' ahead for gold, Lassonde tells King World News
- Chris Duane: “Western Style Justice Will Return”
- Armstrong: “We’re Past the Tipping Point”
| 4 Cheap Dividend Plays With Plenty Of Value Posted: 16 Mar 2012 06:15 AM PDT By Matt Schilling: High Yielding, Low Risk, Long Term Investments are very attractive to any investor. Why? Dividend investing can result in income or in certain cases where the investor has a dividend reinvestment account, more shares. I personally prefer the latter, but that's just me. The following stocks have P/E ratios under 20 and yield more than 3%. ABB Ltd Common Stock NYSE: (ABB) - ABB currently has a P/E ratio around 15, and a yield of 3.4%. Most recently awarded with a $100 million dollar contract from Australia, and a $90 million dollar contract from the state of Michigan combined with an ever growing presence in Europe and Asia, ABB could very well demonstrate great returns for the income investor. Analysts are estimating EPS to be between $0.30 - $0.32 and revenue to be $8.93 - $8.98 billion. Don't be surprised if revenue surpasses $9.0 billion and EPS numbers come in Complete Story » |
| Posted: 16 Mar 2012 05:36 AM PDT My ears start to bleed when I hear someone who has staked a claim to the mantle of guruhood definitively state something – especially in the realm of technical analysis – as if they have used esoteric and mystical methods in service to divination of answers yet to come, and then put it out there as if it is anything more than an educated guess. It is not 'the answer'. It is just a guess based on the guru's best methods. His followers want to feel as if someone is in control and the guru is only too happy to provide this unattainable aspect of the asset markets… CONTROL. The trick for our dear guru is when he is inevitably wrong and must backtrack. Some just issue alarmingly bearish analysis and then when perceived to be on the wrong track, issue alarmingly bullish stuff, creating a bipolar sort of experience for whipsawed followers. Others hold the line, expecting that their calls will be right one day if given enough time. 'Everybody's losing money, after all' was something that I heard throughout the 'resource stock' sector last year. Well no, everybody was not losing money. People managing markets in service to risk management (as opposed to ego) did just fine. Anyway, this post goes up after I looked at my account and shook my head almost in disbelief that the speculative portfolio is still +7% for 2012. This despite my continued bullishness on gold and yes the gold stock sector. I almost feel that as a gold stock bull, I should be fearful and racked with pain instead of opportunistic as I do now. But my own methods saved me from this ignominy. I find control through knowing I do not have control and thus, effectively manage. I have received emails from NFTRH subscribers saying things like "just sitting and waiting to…" and "I am 70% cash and looking to…" that let me know I am doing my simple job, which is to analyze the markets to the best of my ability, illustrate the risks and opportunities and manage week to week within a bigger picture framework. I have had to make adjustments many times because I am just a human, who knows nothing more about what markets will do than the next human (well, the next human with extensive market experience, anyway) knows. Nobody knows what is going to happen in the markets. Nobody, especially those that make a handsome living pretending that they have some sort of secret contraption into which they peer to divine the answers. It is all about grunt work and management. Have a plan and plan to be right, but when risks increase that the course is wrong, GET RIGHT immediately. No if's, and's or but's. 'Management' wins, because it adjusts as needed. Really, the way many people go about markets is pretty immature. There is long tradition of 'stock tips' and lust for an inside scoop. This 'scoop' generally does not exist however, unless you are a 'too big (or too crooked) to fail bank' being spoon fed by the Federal Reserve and the citizens of the USA. Regular grunts need to do the grunt work. Hard work and a sound psychological framework will allow you to manage through anything. I'll have to do a post on psychology sometime* as well, because having the psych element nailed down is key to the all-important taming of bias, which keeps people from adjusting as needed, which keeps people from effectively managing the markets. You see? * Reference this previous post, which ties in effective management with the effort to maintain a sound 'psych' profile in the face of dynamic events. http://www.biiwii.blogspot.com
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| Why I Am Going Bargain Hunting With These Battered Gold Stocks Posted: 16 Mar 2012 05:24 AM PDT By Hawkinvest: The price of gold recently dropped over $50 per ounce in a single day, and it is now well off the 52-week high. From having followed the gold market and mining stocks for years, I have seen this type of drop many times before. When gold sees a big decline in a single day or two, it is often exacerbated by margin call selling and some panic liquidation, which often results in oversold conditions for the metal and many gold mining stocks. This can provide solid buying and trading opportunities. Gold has been in a bull market for about 10 years, and nothing about the recent drop changes that trend. Every once in a while it's normal for the precious metal to have healthy corrections, before regaining the momentum to push higher. Some investors seem to be feeling less need for precious metals due to encouraging reports on the U.S. Complete Story » |
| Gold's Bullish Would-Be Bears Posted: 16 Mar 2012 05:17 AM PDT Gold Prices are horribly correlated with the stock market right now. Not that it matters... |
| Another Healthy Correction for Gold and Silver Posted: 16 Mar 2012 04:22 AM PDT I have received several emails this week asking my thoughts on the current price action in precious metals. Some subscribers are asking how low gold and silver might go in the short term and my honest response is "I have no idea." Anyone that claims they can predict the short-term price movements in a market [...] |
| Retiring On The 'New Normal' Portfolio Posted: 16 Mar 2012 04:20 AM PDT By Lowell Herr: Borrowing the term "New Normal" (NN) from Bill Gross, the following portfolio provides yield and inflation protection for retirees. The portfolio is defensive in its construction and the projected growth is modest, hence the NN name. Once more, using Geoff Considine's Quantext Portfolio Planner (QPP) for the Monte Carlo retirement analysis, we look at a portfolio made up of a core of ETFs and two stocks. When putting together a portfolio, QPP goals are set. 1) The projected return is to be 1% point greater than the projected value for the S&P 500. The NN meets that challenge. 2) The projected standard deviation should be something below 15% and at 14.8%, this set of ETFs and stocks just meets that requirement. 3) Forty percent (40%) is the Diversification Metric goal and this portfolio just meets that standard. A 48 month time frame was selected for this analysis so as to Complete Story » |
| Quick Thoughts on SQE (More Fed Easing) Posted: 16 Mar 2012 03:42 AM PDT
I can't help but wonder if QE (and the coming prospect of SQE) are both more placebos than anything else. Meaning, the effect of Fed easing on equity prices can be very real, but almost wholly psychological. Psychology and basic game theory: The vast majority of the street — i-bankers, money managers, hedgies — want asset prices to go up. The vast majority of profits are made on the long side. So, when government provides a backstop against calamity and corporate earnings look solid, asset values go up the way the largest market participants want them to. They can all agree the catalyst is pixie dust, but as long as the signal is acted on in unison to buy, who cares? It's a mutually beneficial oligopoly: "If we all buy together for manufactured reason X, our actions are validated with real profits. Happy times." Zero Hedge can bitch about this all he wants and no one will care. If anything, the persistent weakness in the 'real' economy has been good in this regard. All the pain and suffering has been a psychological positive in respect to government support, and a policy positive in respect to perpetually low interest rates. The poor man's pain is the rich man's gain — as long as social unrest is kept in check. But what derails this 'ugly goldilocks' environment? We've already seen that Wall Street doesn't really care about a shite economy. It actually prefers a shite economy, with its attractive low inflation and policy support features, as long as the winners (specialty retail etc) can bank on the top 30% of consumers to keep splurging. Maybe the threat of genuine recession or a tail-off in corporate profits is what derails it all… or an oil blowup… or China breakdown / Europe meltdown… in other words, same old boogeymen that have been ignored forever now. Me only simple caveman trader: buy what's going up, short what's going down… JS
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| Indian Jewellery Traders Hate Gold ETFs Posted: 16 Mar 2012 03:34 AM PDT Gold ETFs Thorn In The Eye Of Indian Jewellery Traders
The All India Gems & Jewellery Trade Federation is urging the Indian government to start taxing purchases of gold ETFs, and is even calling for the abolition of Indian gold ETFs in order to stimulate demand for physical metal. Indian citizens are well known for their fondness of physical gold and silver products. Interest in ETFs has rapidly increased and the current funds invested in them amount to US$2 trillion. Read More @ GoldMoney.com |
| India Doubles Customs Duty on Gold Bullion, Central Banks buy on Dip Posted: 16 Mar 2012 02:38 AM PDT gold.ie |
| Editorial - Bogus CFTC Letter, JP Morgan Chase Posted: 16 Mar 2012 02:18 AM PDT HOUSTON -- A letter published to the public comment section of the CFTC website was brought to our attention yesterday. It was purportedly by a JP Morgan (JPM) employee acting as a "whistleblower," but our sense is that the letter is as bogus as the day is long. Indeed, there is absolutely nothing in the letter which distinguishes the author as an insider of JPM, nothing that could not have been gleaned from reading of publicly available information and appears to us to be an obvious contrivance. We very strongly suspect that whoever wrote the 'anonymous' letter did so in the hopes of causing JP Morgan Chase embarrassment or worse, and will instead very possibly bring upon himself those ill effects. We wouldn't touch the letter with a bargepole, and we will not post a link to give it credence. But apparently others, including at least one popular newsletter writer, found it worthy of sharing, albeit with copious caveats and disclaimers. Let's see if the author of that letter was able to publish it on the CFTC website public comment section without telling anyone who he is or bragging to another person about it. If the letter is a fraud, as we strongly suspect, then the author deserves to be exposed, ridiculed and discredited, but more likely, and our preference, is that the letter be rejected and dismissed as a hoax, then swiftly forgotten. |
| Gold/Silver Ratio Heading Lower Posted: 16 Mar 2012 02:12 AM PDT from GoldMoney.com:
Silver has reacted impressively to the setbacks earlier this week and has found buying support around $32-$32.50, but needs to recover back above $33 before we can be more confident that this short-term decline is over. Silver has performed much more impressively than gold since the start of the year – up 16.26% – but over the last 12 months is down 9.78%. The fact that gold has outperformed silver comprehensively over the last year is down to the extreme volatility seen in silver at the start of 2011, which scared many people away from buying silver. It's also a result of the incessantly bearish news that dominated headlines for much of the latter portion of the year – about America's debt ceiling problems and Europe's sovereign debt crisis. Gold always outperforms the other precious metals in this kind of environment. Read More @ GoldMoney.com |
| Silver’s False Bullish Breaks… Posted: 16 Mar 2012 02:09 AM PDT .. by Dr. Jeffrey Lewis, SilverSeek.com: As February ended, silver made a spectacular rise and fall. The metal's spot price first traded up to a high of $37.20 on the 28th and then crashed down hard to hit a low of $33.96 on the following special leap day of February 29th. Since then, the spot price of silver has traded down further, falling as far as $32.46 before then finding support and subsequently bouncing to $33.50. And then again, spot prices were pushed down below the 50 day moving average. The overall decline from the $37.20 level took the metal just below its reactionary low of $32.63 seen after it had peaked at $34.38 on February 2nd and 3rd. Interestingly, that temporary spike in silver was accompanied by at least three important bullish technical breakouts that subsequently turned out to be false signals.No doubt many technical traders were duped into establishing long positions by the initially very bullish signals seen on or just before the 28th that were then quickly reversed by the sharp drop seen on the 29th. Read More @ SilverSeek.com |
| WATCH: Tekoa DaSilva on Gold Perceptions Posted: 16 Mar 2012 02:07 AM PDT Indians Become Largest Buyers of Gold.. from TekoaDaSilva: ~TVR |
| India Doubles Customs Duty on Gold Bullion Posted: 16 Mar 2012 02:04 AM PDT India Doubles Customs Duty on Gold Bullion, Central Banks buy on Dip Gold traded lower on Friday, moving towards a third straight week of losses on the backdrop of a recovering US economy, which prompted investors to put their money in other vehicles, while India's plan to double the import duty on gold bullion erased some early gains. On news that Finance Minister Pranab Mukherjee proposed to double the 4% customs duty on gold from April 2012, physical dealers saw some panic buying from India, the world's largest gold consumer. In January, India raised the gold import duty 90% and doubled the tax on silver as the government is struggling with a growing fiscal deficit and looked to increase revenues. Growing subsidies for fuel and food have left the government struggling to meet its budget target. Indian investors, who are the largest consumer group of gold in the world, rushed to buy gold in advance of the government's plan to increase the 4% customs tax in April 2012. The resulting gains where then eroded by stronger then expected US economic growth numbers. Continue reading @ Zerohedge.com |
| Gold ETFs thorn in the eye of Indian jewellery traders Posted: 16 Mar 2012 02:00 AM PDT In recent months Indian banks have launched a major advertising campaign to persuade Indians of the virtues of paper gold and silver products. It looks like this campaign is bearing fruit, as Indian ... |
| Why Gold Could Spike 20% in a Day or Two Posted: 16 Mar 2012 01:30 AM PDT When asked about the plunge in gold, Lassonde responded, "There's no cliff here. There's no need to panic whatsoever." |
| Trader alert: This proven indicator shows silver could have further to fall Posted: 16 Mar 2012 01:23 AM PDT From Peter L. Brandt: Big slugs of volume after an advance are nearly always a sign of a top. Big volume that comes into a market after a run-up in price means two things: 1. Speculators who were on the sidelines for most of the advance finally threw in the towel and chased the market -- believing the advance would be infinite. 2. Speculators who actually had positions during the run-up, as well as commercials wishing to hedge production or inventory obliged the late buyers. Thus, a big expansion of volume is a good indication that a top of some duration may be in the making. The weekly chart of silver futures below shows... Read full article (with chart)... More on silver: Why silver could hold the key to the market's next big move Why you should prepare for extreme volatility in gold and silver Casey Research: It's still a great time to accumulate gold and silver |
| Federal Reserve inflation is now seeping into one of the last bastions of cheap food prices Posted: 16 Mar 2012 01:07 AM PDT From Economic Policy Journal: ... Inflation has made the Dollar Menu an unprofitable but necessary evil. The latest tweaks to McDonald's value menu won't change that. Some incremental changes are coming to a McDonald's menu near you – what are the implications? Later this month, McDonald's will change some of its Dollar Menu items and it will begin offering... Read full article... More on inflation: Top Goldman analyst: Expect the next QE as soon as April Top economist: Inflation could soar faster than anyone expects Ex-Fed Chairman Volcker: Bernanke's inflation gamble could cause "doomsday scenario" |
| LISTEN: Dan Norcini talks with TFMetals Posted: 16 Mar 2012 12:38 AM PDT This week Turd Ferg talks with independent, professional trader Dan Norcini. from TFMetalsReport.com: Dan has a wealth of experience which he freely shares with all Turdites in this podcast. I strongly encourage you to make the time to listen. As many of you know, Dan is a featured commentator on websites such as JSMineset and King World News. Dan also maintains a blogspot site where he often posts his own, personal analysis of various markets. Time prohibits him from updating it daily but you should check there daily anyway, just in case. He usually posts new information 2-3 times per week. The site can be found at http://www.traderdannorcini.blogspot.com/. |
| Posted: 15 Mar 2012 11:54 PM PDT This morning's New York trading action started off on the downside once again for the metals. Gold practically erased yesterday's gains and dipped to near the $1,640 per ounce while silver also retreated from last night's closing values and dropped to near $32.20 the ounce. |
| WATCH: Hidden Meaning in the New $100 Bill Posted: 15 Mar 2012 11:02 PM PDT from RoadtoRoota: ~TVR |
| 80 Percent Of Americans: Things Are Worse After Obama Posted: 15 Mar 2012 10:29 PM PDT 80 Percent Of Americans Say: from The Economic Collapse Blog: |
| You Can’t Beat Silver as an Investment Posted: 15 Mar 2012 10:22 PM PDT from FutureMoneyTrends.com: We can make a great argument that platinum is a great investment with soaring industrial demand. We can argue that gold is a great investment with soaring monetary demand. However, silver is the only metal in the world where both arguments can be made, silver is an industrial metal, jewelery, and a monetary safe haven just like gold. What most people don't know is that right now there is less above ground available silver than there is gold, that's right, there is less silver than gold. This trend of consuming silver and saving in gold isn't going to stop, the above ground supply for gold will continue to grow, while the above ground supply for silver will continue to move us towards a physical silver shortage. Silver is without at doubt the most important metal in the world, yet most people when they think about the uses for silver, think of jewelry, silverware, and photography. However, this barely scratches the surface for the uses for silver, in fact, we could write an entire book on just the different applications silver is involved in. Read More @ FutureMoneyTrends.com |
| Gold & Silver Market Morning, March 16 2012 Posted: 15 Mar 2012 10:00 PM PDT |
| Hecla Mining Co.'s Silver Moment Posted: 15 Mar 2012 09:41 PM PDT Shares of Hecla Mining Co. have been beaten up during what should be extremely bullish conditions for the largest silver miner in the United States. I think that presents some value for investors willing to take a contrarian view. |
| Pierre Lassonde: Upside 'Fireworks' Ahead For Gold Posted: 15 Mar 2012 09:13 PM PDT ¤ Yesterday in Gold and SilverGold didn't do much of anything price-wise anywhere on Planet Earth on Thursday...trading between $1,640 and $1,650 spot right up until minutes after 12:30 p.m. in New York. Then in the space of ninety minutes, the gold price popped about twenty bucks. That smallish rally ran into a willing seller about 1:50 p.m. in the New York Access Market...and by the close of electronic trading at 5:15 p.m. had given up half of that gain. The gold price closed at $1,657.30 spot...up $13.50 on the day. Net volume was much reduced from Wednesday, but still a chunky 142,000 contracts...give or take a few thousand.
The silver price pattern had a little more definition to it...trading basically flat until about 3:30 p.m. Hong Kong time. The smallish rally that developed from there peaked about 12:30 a.m. in London...and then got sold down to its New York low about 9:50 a.m. Eastern time. Silver then rallied until shortly before 2:00 p.m. in electronic trading...and then quietly sold off about 30 cents of those gains going into the close of trading in New York. Silver closed at $32.54 spot...up 39 cents on the day. Net volume was pretty high at 45,000 contracts.
The dollar index topped out at about 9:30 p.m. on Wednesday night...and then declined in fits and starts until its nadir about 1:15 p.m. in New York on Thursday. From peak to trough, the dollar index declined about 65 basis points...and from that low gained back about 15 basis points going into the 5:15 p.m. Eastern close. Good luck finding any kind of co-relation between the dollar index and the precious metal prices yesterday, as there wasn't any.
Despite gold's decent performance yesterday, the stocks struggled to stay in positive territory...and basically finished unchanged, with the HUI down an insignificant 0.04%.
Although most of the juniors did relatively OK yesterday...virtually all of the stocks that make up Nick Laird's Silver Sentiment Index finished down on the day...and the SSI finished lower by 0.48%.
(Click on image to enlarge) The CME's Daily Delivery Report showed that 178 gold and 2 silver contracts were posted for delivery on Monday. In gold the biggest short/issuer was Goldman Sachs with 149 contracts...and the largest long/stopper was the Bank of Nova Scotia with 161 contracts. The link to that action is here. There were no reported changes in either GLD or SLV once again. The U.S. Mint had another sales report. They sold 5,000 ounces of gold eagles...2,500 one-ounce 24K gold buffaloes...and 80,000 silver eagles. Over at the Comex-approved depositories on Wednesday, they reported receiving 1,494,520 troy ounces of silver...and shipped a miniscule 61,362 ounces out the door. The link to that activity is here. Here are a couple of charts courtesy of Washington state reader S.A. This chart is titled "S&P 500 vs. US Data Trend Index" and, with a few seconds of study, is self-evident.
The second chart he sent shows the 40+ years of decreasing gold production from South Africa vs. the rest of the world. It's worth studying for a minute.
Reader Scott Pluschau has another blog for us...this one from early yesterday morning before the Comex opened. In his covering e-mail, Scott had this to say..."The bears may be weak... but no follow through yet on the neckline break. However let's see what the Comex open has in store for us..." The link to the blog is here. I have just about the usual number of stories today and, as always, the final edit is in your hands. It's too soon to breath a sigh of relief expecting that the worst might be over. I sure hope it is, but I wouldn't bet the ranch on it myself. Is JPM Metals "Whistleblower" Letter A Complete Fraud? Europeans fear that Fed uses their gold in interventions. James Turk, Ed Steer discuss metals market manipulation. ¤ Critical ReadsSubscribeHere Comes The 2012 Tidal Wave Of ForeclosuresForeclosure filings fell 8 percent year-over-year in February, with 206,900 U.S. properties receiving some form of filing, according to RealtyTrac's U.S. Foreclosure Market Report. But don't be fooled by these numbers. Foreclosure activity is expected to increase 15 percent this year compared to 2011, according to RealtyTrac's Daren Blomquist. Blomquist also said that foreclosure activity fell to artificially low levels last year because of the fall-out from the robo-signing scandal where banks were accused of shoddy mortgage paperwork and when judges prevented banks from foreclosing on homes. This short item was posted over at the businessinsider.com website yesterday...and I thank Roy Stephens for his first offering of the day. The link is here.  China Adds Treasuries For First Time Since July on Europe WoesChina, the largest foreign U.S. creditor, increased its holdings of U.S. government securities in January for the first time in six months as European leaders struggled to contain the region's sovereign-debt crisis. Holdings rose by 0.7 percent to $1.16 trillion, the first growth in China's stake since July, Treasury data released yesterday show. The report also showed that net foreign purchases of Treasuries totaled almost $83 billion in January, compared with net selling of $14.9 billion the month before. This Bloomberg story was posted on their website yesterday afternoon...and I thank West Virginia reader Elliot Simon for sending it along. The link is here.  Not Out of The Woods Yet: Despite Progress, Euro Crisis Is Far From OverFor a change, everything has been going according to plan in the fight to save the euro in recent weeks. On Wednesday, euro-zone finance ministers gave the green light to the €130 billion ($170 billion) second rescue package for Greece. It's a pure formality after a satisfyingly large proportion of creditors agreed to a debt cut for Greece. Perhaps the most significant success of recent days is that even though the debt cut was deemed a so-called credit event, triggering the payment of the financial contracts known as credit default swaps, hardly anyone seemed to care. For more than two years, the international financial lobby had been warning the public and governments that these credit default swaps must under no circumstances be triggered, because that would cause a disaster similar to the meltdown that followed the 2008 collapse of Lehman Brothers. Their message, effectively, was that taxpayers should cover all the losses, rather than private-sector creditors. But the CDS horror scenario has failed to become reality. So has Greece been rescued and financial markets been tamed? Is the euro crisis a thing of the past? Unfortunately not. With their successes in the last few days, euro-zone politicians have done little more than bought themselves time. They must use this window to brace themselves for the next wave of the euro crisis which is about to crash down on Europe. This story was posted over at the German website spiegel.de yesterday...and is well worth the read. I thank Roy Stephens once again for sending it along...and the link is here.  Eurocrats Carry On Up The Khyber, Determined and Delusional, says FarageNigel Farage is at the top of his game in this tirade against the European Parliament the other day. It's a 3:19 video posted over at youtube.com...and I thank reader U.D. for sharing it with us. It's a must watch for sure...and the link is here.  Iran's banks to be blocked from global banking systemSwift, the body that handles global banking transactions, says it will cut Iran's banks out of the system on Saturday to enforce sanctions. The move will isolate Iran financially by making it almost impossible for money to flow in and out of the country via official banking channels. It will hit its oil industry, but may also have a heavy impact on Iranians who live abroad and send money home. This bbc.co.uk story was posted on their website early yesterday afternoon their time. It's certainly worth skimming...and I thank Australian reader John Ilmenstein for bringing it to our attention. The link is here.  Obama to Iran: Diplomatic window shrinkingTime is growing short to solve Iran's nuclear-program crisis non-militarily, President Barack Obama said, as a poll showed Americans favor sanctions over bombs. "Because the international community has applied so many sanctions, because we have employed so many of the options that are available to us to persuade Iran to take a different course, the window for solving this issue diplomatically is shrinking," Obama said Wednesday in a White House Rose Garden news conference with British Prime Minister David Cameron. "I hope that the Iranian regime understands that this is their best bet for resolving this in a way that allows Iran to rejoin the community of nations and to prosper and feel secure themselves," Obama said. The war drums grow ever louder in this UPI story that was filed from Washington in the wee hours of Thursday morning. It's another Roy Stephens offering...and the link is here.  Redefining Imminent: Are Obama's Efforts to Justify Drone Warfare Aimed at Iran?When it comes to America's security, President Barack Obama has turned out to be just as ruthlessly determined as his predecessor -- particularly when it comes to using drones to wage the war on terror. But the target of his recent legal repositioning might have much less to do with terrorists than with Iran. Obama had actually come into office promising to end the "imperial presidency" of his predecessor, George W. Bush, whose administration had claimed absolute power unlike anything seen since the Watergate scandal of former President Richard Nixon. Obama had promised to shut down the Guantanamo detention camp and put an end to torture methods that violate human rights. He had declared war on the secretiveness and the controversial wiretapping program of the Bush administration. His own administration was supposed to be more transparent, more open and more honest -- and less belligerent. Obama, the former professor of constitutional law, wanted to reintroduce America to the limits of the constitutional state. Now that Obama has been in office for three years, it is abundantly clear that he has not made good on most of these pledges. This short essay was posted over at the spiegel.de website yest |
| Europeans fear that Fed uses their gold in interventions, Sinclair tells KWN Posted: 15 Mar 2012 09:13 PM PDT  Trader and mining entrepreneur Jim Sinclair today told King World News yesterday that while central banks would want the gold price to be "soft" during Greece's "credit event," European countries are beginning to worry that their gold might have been misappropriated by the Federal Reserve for such an operation. Sinclair also says that interventions against gold have been going on for a long time and are having diminishing effect, and the recent one won't be any different. I thank Chris Powell for providing the headline...and the introduction. The link to this KWN blog is here. |
| Upside 'fireworks' ahead for gold, Lassonde tells King World News Posted: 15 Mar 2012 09:13 PM PDT  Interviewed today by King World News, mining entrepreneur Pierre Lassonde shrugs off the recent smash-down of the gold price. Lassonde sees China's government, other central banks, and the Chinese and Indian people continuing to boost the price, with "fireworks" ahead. I thank Chris once again for providing the preamble and the headline. The link to the KWN blog, which is headlined "Why Gold Could Spike 20% in a Day or Two" is here. With a headline like that, it's certainly worth reading. |
| Chris Duane: “Western Style Justice Will Return” Posted: 15 Mar 2012 08:59 PM PDT
The rats are fleeing the burning tenement of Wall Street. First, Greg Smith from Goldman Sachs who resigned in horror over the the firm's alleged disregard of any ethical limitations upon their ability to separate their clients from their money. Then today, an anonymous insider at another large bank comes out making numerous allegations about rigging off the silver and financial markets. We have no evidence to base any conclusions as to the veracity of these allegations, but certainly we have seen numerous Wall Street clients end up in the poor house. Surprise, surpise, just when you thought the bad guys at MF Global and their network of enablers had won, the MF's Trustee in Bankruptcy turns up another $685 million, which just a few days ago seemed all but lost. Perhaps they found it in John Corzine's filing cabinet, or maybe it was in the supply closet along with the records of all that other money they haven't been able to find. Or perhaps some of the banks who were holding these funds decided it just wasn't worth the bad PR. Either way, FSN is always skeptical of coincidences. Especially now, when the global collapse is perhaps switching into high gear, and we're going to get a sample of those weapons of mass financial destruction that Warren Buffet has been losing no sleep over. Much more @ KerryLutz.com or @ 347.460.LUTZ |
| Armstrong: “We’re Past the Tipping Point” Posted: 15 Mar 2012 08:51 PM PDT
from Jim Puplava and Financial Sense: Martin Armstrong: The US is the best house in a bad neighborhood Much More @ FinancialSense.com
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In response to a message board discussion on upcoming SQE, aka "sterilized quantitative easing" prospects: 
In recent months Indian banks have launched a major advertising campaign to persuade Indians of the virtues of paper gold and silver products. It looks like this campaign is bearing fruit, as Indian investors have rapidly increased their purchases of shares in gold ETFs. Traders who operate traditional businesses based on trade in physical metals feel that regulations are favouring banks and financial service agencies to their disadvantage.
Precious metals enjoyed a decent rebound yesterday, following the price dips on Wednesday. Gold rose to $1,648 at yesterday's London PM Fix, having fallen below $1,640 earlier in the day, but has gone nowhere since. The bulls will have to take the price through selling resistance around $1,680 soon if they are to recover the upward momentum seen in the yellow metal since the beginning of the year. Despite the declines this week, it's important to remember that gold is still up over 5% year to date, and by more than 16% over the last 12 months.
Are you better off today than you were four years ago? If not, then you are just like most other Americans. According to a 
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