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Friday, April 13, 2012

Gold World News Flash

Gold World News Flash

50 Facts About The U.S. Economy That Will Shock You

Posted: 12 Apr 2012 06:31 PM PDT

"Even though most Americans have become very frustrated with this economy, the reality is that the vast majority of them still have no idea just how bad our economic decline has been or how much trouble we are going to be in if we don't make dramatic changes immediately," writes The Economic Collapse (TEC).

For those unfamiliar with this site, TEC is an economic blog that regularly compiles a comprehensive list of the most startling and unsettling facts about the U.S. economy.

Why? Because Americans need to understand that U.S. economy is precariously balanced on the edge of full-blown collapse.

"If we do not educate the American people about how deathly ill the U.S. economy has become, then they will just keep falling for the same old lies that our politicians keep telling them. Just 'tweaking' things here and there is not going to fix this economy," the site explains. Read more......


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America 1950 vs. America 2012-The Coming Economic Collapse And The Next Great Depression

Posted: 12 Apr 2012 06:20 PM PDT

There has never been any society in the history of the world that has been perfect. America was flawed in 1950 just as America is flawed today.

But that doesn't mean that we should not reflect on how much things have changed over the past 62 years.

So which version of America would you rather live in?

America 1950 vs. America 2012 - you make the call....

In 1950, a gallon of gasoline cost about 27 cents.

In 2012, a gallon of gasoline costs $3.69.

In 1950, you could buy a first-class stamp for just 3 cents.

In 2012, a first-class stamp will cost you 45 cents.

In 1950, more than 80 percent of all men were employed.

In 2012, less than 65 percent of all men are employed.

In 1950, the average duration of unemployment was about 12 weeks.

In 2012, the average duration of unemployment is about 40 weeks.

In 1950, the average family spent about 22% of its income on housing.

In 2012, the average family spends about 43% of its income on housing.

In 1950, gum chewing and talking in class were some of the major disciplinary problems in our schools. Read more......


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Jim Sinclair - Expect Another $17 Trillion of QE & War in Gold

Posted: 12 Apr 2012 05:50 PM PDT

On the heels of the Fed members commenting publicly, legendary trader and investor, Jim Sinclair, told King World News that even though we have already seen $17 trillion of money printing, we should expect another $17 trillion going forward.  KWN also asked Sinclair how he knew, from the beginning, that there would be 'QE to infinity,' before anyone else. But first, here is what Sinclair had to say about the action in gold: "$1,650 is a comfortable number (for central planners). Haven't you seen the tremendous jawboning and market intervention to hold gold in that range at $1,650?  $1,764 and they lose control.  That begins the move which is exponential."


This posting includes an audio/video/photo media file: Download Now

Gold Threatens April High

Posted: 12 Apr 2012 05:23 PM PDT

courtesy of DailyFX.com April 12, 2012 03:55 PM Weekly Bars Prepared by Jamie Saettele, CMT “Price is testing a long term trendline that extends off of the 2008, 2010, and December 2011 lows. A break of such a well-defined trendline would signal a significant shift. The downside is favored below the April high of 1683.35 although price obviously needs to turn down now in order that level to remain intact. Exceeding the April high would shift focus to pivots throughout March (1696.88, 1716.55, 1726.05). A drop under 1650 would put bears back in control. Bottom Line (next 5 days) – topping/lower?...


Longer-Term Investment ‘Driven by Low Rates & Inflation Fears’

Posted: 12 Apr 2012 05:14 PM PDT

Bullion Vault


27 Statistics About The European Economic Crisis That Are Almost Too Crazy To Believe

Posted: 12 Apr 2012 05:13 PM PDT

from The Economic Collapse Blog:

he economic crisis in Europe continues to get worse and eventually it is going to unravel into a complete economic nightmare. All over Europe, national governments have piled up debts that are completely unsustainable. But whenever they start significantly cutting government spending it results in an economic slowdown. So politicians in Europe are really caught between a rock and a hard place. They can't keep racking up these unsustainable debts, but if they continue to cut government spending it is going to push their economies into deep recession and their populations will riot. Greece is a perfect example of this. Greece has been going down the austerity road for several years now and they are experiencing a full-blown economic depression, riots have become a way of life in that country and their national budget is still not anywhere close to balanced. Americans should pay close attention to what is going on in Europe, because this is what it looks like when a debt party ends. Most of the nations in the eurozone have just started implementing austerity, and yet unemployment in the eurozone is already the highest it has been since the euro was introduced. It has risen for 10 months in a row and is now up to 10.8 percent. Sadly, it is going to go even higher. As economies across Europe slide into recession, that is going to put even more pressure on the European financial system. Most Americans do not realize this, but the European banking system is absolutely enormous. It is nearly four times the size that the U.S. banking system is…

Read More @ TheEconomicCollapseBlog.com

Is Canada Ignoring Signs of a Coming Economic Collapse?

Posted: 12 Apr 2012 05:13 PM PDT

With a fragile situation in Europe and wild volatility in global financial markets over the last few months, what's in store for Canada?

This February, Vancouver will host Nicole Foss and Richard Heinberg, two people who have said for years that the paradigm of economic growth is ending forever, and that the consequences will be dire -- even for wealthy Canada.

In January 2008, Foss co-founded The Automatic Earth (TAE), named after Paul Simon's song about the boy in the bubble. Along with her co-writer (who contributes under the pen name Ilargi), the site has grown from a side project into garnering enough traffic to place it amongst the world's top financial blogs.

"I try to explain to people how to take it one step at a time," says Foss, who relocated from her research fellow position at Oxford to a farm in Ontario in 2000. "It is easy to get paralyzed by the enormity of what's happening, but if we look at it one step at a time... it doesn't have to be overwhelming, and we'll just keep putting one foot in front of the other." Read more.......


This posting includes an audio/video/photo media file: Download Now

Silver Update 4/12/12 California's Dreamin'

Posted: 12 Apr 2012 05:09 PM PDT

Meeting to Avoid World War III, $2000 Gold Prices in 2012, EU Implodes by Summer

Posted: 12 Apr 2012 05:00 PM PDT

by Greg Hunter, USAWatchdog:

Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%

Posted: 12 Apr 2012 04:00 PM PDT

Gold fell back to $1650.63 in London, but it then rose to as high as $1680.01 in New York and ended with a gain of 1.03%. Silver surged to as high as $32.579 and ended with a gain of 2.47%.


Meat (sic) The Other Slimes

Posted: 12 Apr 2012 01:40 PM PDT

The massive grass roots campaign over the topic of "pink slime" which seemingly came out of nowhere, and led to the bankruptcy of the company producing the substance, shows just why product branding can be such a profitable industry. Had the company taken a hint from the Goldman playbook and dubbed the peculiar substance an "Asymmetric Meat Initiative" all would have been forgotten in days, if not hours. Unfortunately, the mechanical process of "lean finely textured beef", aka pink slime, is just the beginning. As ProPublica shows, after pink slime, there comes Mechanically Separated Meat, aka "White Slime", and then Advanced Meat Recovery. And if recent history is a guide, any entities that have an equity stake in these last two processes should be afraid, very afraid, because the fate that befell the first, is about to visit the other two, in the process making such other 'delicacies" as bologna, hot dogs, taco filling, and meatballs surge in price once the traditional cheap "filler" substance is taken away by the same people who consume said meat byproducts in droves, in the process likely ending the concept of the dollar menu for good as restaurants have no choice but to resort to quality food. Ironically, will fat America itself, terrified by concepts such a colored slime, be responsible for its own weening from some of the worst products on earth, and in the process raise the price of food, and force itself to eat less? Will the end of the "slimes" be the one savior of the massively underfunded US welfare state as America gets healthy and lean again? Alas, we doubt it. But one can always hope.

From ProPublica:

CME Lowers Margin Requirements for Silver, Copper

Posted: 12 Apr 2012 01:18 PM PDT

CME notice dated April 12, 2012. Effective Monday, April 16.  "As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the following products listed below."  

Continued...

 
Performance Bond Requirements: Electricity, Agriculture, Coal, Crude Oil, Environmental, Freight, Metals, Natural Gas, and Refined Products Outrights- Effective Monday, April 16, 2012.

A quick scan shows the following changes of interest to Vultures. 

Initial performance bond (margin) requirements for Spec traders in the SI (Silver) 5,000 ounce contract falls 12.5% from $21,600 to $18,900.   Spec maintenance requirements were reduced from $16,000 to $14,000. 


For Hedge/Member Traders initial performance bond and maintenance for the silver contract falls 12.5% from $16,000 to $14,000.


There were similar reductions in the E-Mini Silver and Palladium contracts. (See the full notice at the link below.)

  
Copper margin requirements also fell by 20%, with the Spec initial requirement reduced from $6,750 to $5,400 per contract (in all months).  Spec maintenance fell from $5,000 to $4,000 per copper contract.   

 
FOR THE FULL TEXT OF THIS ADVISORY:
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv12-162.pdf 

Source: CME Group, Chicago 

Your Gold & Silver Will NEVER Be ?Confiscated?! Here?s Why

Posted: 12 Apr 2012 01:05 PM PDT

People ask me on a consistent basis if I think the government will confiscate their gold and silver coins if times get rough. I feel there is little chance of this happening, and here's why. Words: 390 So says Greg Hunter ([COLOR=#0000ff]www.USAWatchdog.com) in edited excerpts from his original article*[/COLOR] which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has 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. Hunter*goes on to say, in part: [As I said in the opening paragraph,] I feel there is little chance of the government confiscating your gold -*and here's why: 1. Gold and silver coins are predominantly held by the wealthy (especially gold) and the wealthy are not going to allow the government they support with campaign money to take their gold. It is just not going to happen. Think about it, poor and moderate income people ...


A Return to the Gold Standard, or Gold Behind Currencies – Part 2/5

Posted: 12 Apr 2012 01:00 PM PDT

What Alan Greenspan said still holds true today. But now we have to replace welfare statists for central banks and other financial institutions, in a global world. We see it in the financial debt problems of nations, of individual states in banks and in many corporations as many wobble in the face of bankruptcy. The issue of more currency either through swaps to the Eurozone or though quantitative easing in the U.S. has neatly postponed the problem but in doing so has exacerbated it. The banking crisis has been alleviated but the national debt problems have not yet been alleviated. Even the U.S. with a debt to GDP level of 90% is such a candidate.


Three Conversations

Posted: 12 Apr 2012 11:52 AM PDT

Three Conversations

Courtesy of Bruce Krasting

I’ve had some interesting conversations in the past few days with folks whose opinions I consider important. I'm passing them on:

 

 I
.
 

I spoke with my Greek shipper friend from Athens about the upcoming May 6 election. This is an event that should be feared by the markets according to this person.

There are two large political groups that have been the basis of coalition governments in Greece. On the right is the New Democracy party; on the left is the Pan Hellenic Socialist Movement. Both of these parties are out of favor today. The most recent polls show that the two parties together would get less than 40% of the popular vote. If this is the result, it will be very difficult to put a new governing coalition together.

There are many other smaller political parties that will get the dissenting votes. At this point it is unclear who will end up with the bargaining chips post-election. The fear is that some of the smaller parties will have a big say in the outcome. My friend had this to say:

“The other parties are communists, radicals and crazies. If they have a hand in the new government, then on May 7 Greece will be forced to take dramatic steps. The whole idea that the country should suffer, so the bankers can get paid would have to change.”

.

“Remember the history. After WWII there were years of fighting in the streets of Athens with the Communists. British troops were forced to come in to end the fighting.” If the Communists make a comeback in this election, then instability will follow.

“Also on May 7, the attitude in Brussels and Bonn towards Athens will change as well!”

May 7th is sixteen trading days from today….

. 

British troops on the
 streets of Athens in 1948.
.
.

II

I spoke with a guy I’ve know for a long time who lives in Paris. He is an ex-banker, turned technocrat.

Paris:

The bond market has been forcing every decision by Paris, Bonn and Brussels. Every step taken has been done to make peace with bondholders. There are many who are tired of this process. The most recent effort to bring stability and support to this market has been the LTRO. As of today, this program has not succeeded. It is unlikely that it will be repeated.

.

BK:

Yes, the LTRO worked for less than two months. But absent a stabilization program like the LTRO or direct market purchase of bonds by the ECB, what is plan B?

.

Paris:

There are no good answers to this. One option would be for the ECB/IMF to make a guarantee that the annual working capital requirements of Spain, Ireland Portugal and, if necessary, Italy are met. The promise of financing would include trade deficits and interest payments. It would not cover maturing debt obligations. As debt came due, holders would be offered new three-year notes at an attractive yield. They would be forced to keep their feet in the fire.

.

BK:

Something like this would destroy the EU bond markets!

.

Paris:

They are already destroyed. They only exist because the Northern countries have provided so much support. It is a mirage that there is a true market any longer.

.

BK:

But what you describe would be a default. Existing bonds would collapse in price.

.

Paris:

Yes, but why does this matter? In some ways it would be a good thing. If Spanish bonds trade at 50 cents on the Euro, then the market is doing the job for us. The strong countries and the IMF can buy up the debt, with that comes a restructuring with lower principal. This happened to some extent in Greece.

.

BK:

But wouldn’t this wreck the banks?

.

Paris:

Why? The banks would accept new bonds in exchange for maturing ones. They would be forced to. If they did not, they would suffer an immediate loss. So the banks and their accountants would voluntarily extend the maturities without loss. The countries involved would have the necessary access to fresh debt to cover all interest. There would be no default on interest payments. No one ever expected the debt to be paid off. It never will be. But the countries can afford to pay reasonable interest.

.

BK:

But what about holdouts and lawsuits?

.

Paris:

Yes this is an issue. And yes this would be messy. But what are the options? Continuing as we have been is not acceptable. The bond markets have reacted with hostility toward the EU countries, it is not surprising to see the countries becoming hostile to the bond markets. Either there is peace, or there is war. The status quo is unacceptable. We have tried to make peace. That has not worked. Other options must be considered.

.

BK:

What you describe would be a dramatic shift in policy. Do you really think that what you suggest could actually happen?

.

Paris:

The answer to this question lies with France. As of today the French/German efforts at saving Europe have failed. The French people are tired of the process. You will see this emotion in the coming national election. Even if Sarkozy wins the election, his ability to push for additional risk sharing with the South will be lost.

.

Without France’s active participation in the bailouts, the process will have to end. Again, many of us are sick and tired of doing what the bond market tells us we must do. There is a limit. Many think that the limit has already been exceeded. This is especially true in France. The bailouts and special lending efforts will not last for one more year.

.

Note:

I don’t buy into this line of thinking (at least for the time being). What is described is something that could only happen in a worst-case scenario.

His mindset is very interesting. He’s pissed at the bond market, and he’s tired of it. He left me with the impression that he was not alone in being pissed.

This is perfectly understandable. For years the poor politicians, bureaucrats and technocrats have been scrambling to appease the fucking bond market. They’ve paid a big price so far. And it hasn’t paid off. The bond market is still their primary problem.

At some point someone will say (sort of) “Fuck the fucking bond market”. We’re getting closer by the day.

.

 
 
 
III
.

My friend who has been running hedge fund money for years had this to say:

“Nat Gas could go to zero. Gas is a byproduct of drilling for oil. With US oil still worth $100+ a barrel, the drilling will continue, and more gas will be the result.”

.

“There are many things that are changing due to the cheap Nat. gas. Companies that are running short haul truck routes out of central locations are converting to gas. Chemical companies that use natural gas as a feedstock are seeing new opportunities. The first new ethylene plant (plastic from natural gas) in many years will be built in Oklahoma. This plant was going to be built in Mexico, but cheap gas has brought it back home.”

.

“The near zero cost of natural gas will transform energy use in America over the next five years.”

I’m not sure I believe in this “miracle” story just yet. But coming from this guy, the conversation has me wondering.

.

 
 
.

Two Scenarios For Next Precious Metals Rally, Part I

Posted: 12 Apr 2012 11:10 AM PDT

by Jeff Nielson, Bullion Bulls Canada:

Let me preface this piece by first stating that my reason for writing it was not to induce people to guess which scenario they found more probable, and then to place their bets beforehand. Rather, my purpose was exactly opposite: to prepare people for either scenario so that when they recognized one or the other unfolding they wouldn't do something stupid in a moment of panic (or greed).

Sadly, in our markets to "do something stupid in a moment of panic" generally means doing precisely the opposite of what one should be doing. This also explains why the bankers like to start panics. First of all, as the cause of these panics the banksters are neither "panicked" nor (obviously) surprised themselves. So they continue to operate calmly (in this feeding-frenzy) while the sheep make themselves especially easy to sheer.

Read More @ TF Metals Report.com

The Gold Price Will Jump to $1,750 maybe $1,800 Once Through this Clustered Resistance

Posted: 12 Apr 2012 10:46 AM PDT

Gold Price Close Today : 1679.50
Change : 20.50 or 1.24%

Silver Price Close Today : 3251.50
Change : 100.4 cents or 3.19%

Gold Silver Ratio Today : 51.653
Change : -0.995 or -1.89%

Silver Gold Ratio Today : 0.01936
Change : 0.000366 or 1.93%

Platinum Price Close Today : 1602.50
Change : 21.20 or 1.34%

Palladium Price Close Today : 652.55
Change : 16.45 or 2.59%

S&P 500 : 1,387.57
Change : 18.86 or 1.38%

Dow In GOLD$ : $159.84
Change : $ 0.30 or 0.19%

Dow in GOLD oz : 7.732
Change : 0.014 or 0.19%

Dow in SILVER oz : 399.40
Change : -6.98 or -1.72%

Dow Industrial : 12,986.58
Change : 181.19 or 1.41%

US Dollar Index : 79.32
Change : -0.394 or -0.49%

Okay, fess up: I called the GOLD PRICE wrong yesterday. It wasn't tapped and topped, it was balling up for a $20.50 jump today to $1,679.50. That's the top of a resistance band bounded above by $1,682.

Clustered here is resistance from several points: $1,682 lateral resistance, 200 DMA at $,1691.50, 150 DMA at $1,694.60, 50 DMA at $1,694.60. More lateral resistance shows up at $1,705.

Does all that mean that the GOLD PRICE is deader than a hammer? Not at all. Rather, it means that once gold gets through this clustered resistance -- and the last 5 day's jump from $1,608 to $1,679.50 shows its determination -- gold will jump to $1,750, maybe $1,800 while all the shorts are wiping the smiles off their incredulous faces.

Only a GOLD PRICE close below $1,630 would invalidate this outlook.

Y'all have to figure out how long you want to jack around delaying, procrastinating, dilating, and putting off buying GOLD. Shucks, why buy at $1,680 when you can wait and buy at $1,800?

The SILVER PRICE rose 3.2% today, 100.4c to 3251.5. Since Monday, 9 April, silver has risen from a low at 3099c to 3251.5 today. I make that 152.5c -- not bad.

There's more in my craw: silver closed today above its 20 DMA (3221c) but silver's big hurdle comes at 3335c, strong lateral resistance. Once the SILVER PRICE pierces that veil, next big resistance looms at 3518, the 300 DMA.

Y'all listen: SILVER has already been dancing under and over and under its 300 DMA, a rare occurrence in this bear market. When it crosses above that mark this time, you can kiss it goodbye.

If silver closed below 3100, my hopeful upside outlook would be utterly gainsaid.

I can't be testy or sour today: it's my wife's birthday. I have too much to be thankful for.

However, I don't mind beating up on stocks and scrofulous fiat currencies for a while, just to stay in practice.

Stocks looked right spry today, to folks without much information or insight. Dow jumped 1.4% or 181.19 points to 12,986.58. Before y'all commence to jubilating, I would call to your mind that this only carries stocks back up to where they collapsed, most likely for a final kiss good-bye.

S&P500 jumped 1.38% to 1,387.57, up 18.80. Unless the Dow can scratch and claw its way over 13,000 and the S&P500 over 1,395, these jerks and twitches are no more than you'd get clamping jumper cables to a dead bullfrog.

But what do I know? I'm just a natural born fool from Tennessee who lives out in the country and wants nothing more than to live and die right here. How's that for ambition?

The Scrofulous US dollar index is shedding points like a rattlesnake sheds skin. Today's 39.4 basis point drop (0.51%) took it below the 20 day moving average (79.56) a warning to all watchers that momentum might be turning down.

Look here at some other milestones. Down below, and not too killing far, is the 50 DMA (79.31) and closing below that one sends the dollar limping like Chester on Gunsmoke. But the real "line you'd better not cross" stands at 78.65. Long as the scabby dollar stays above that, it's just moving sideways. Through that it risks a fall to the 200 DMA (77.69) or further.

One thing we know from watching markets: flat doesn't usually last long. Flatness implies a market where buying and selling are perfectly balanced, which happens about twice a millennium. Course, if Nice Government Men are pulling a play, they can keep it flat a little longer -- before it blows up on 'em.

Japanese yen was flat today. Given its chart screaming it wants to advance against the Japanese economy's need to export more, expect the Nice Government Men to attack soon to drive it lower. Closed 123.66c (Y80.87).

More proof of collective insanity: the euro rose today 0.61% to $1.3190, on news that -- Spanish bond yields have risen to 6% again. Situation will continue to decompose, continue to stink while lying governments and banks say it smells of roses.

On 12 April 1947 my beloved wife, Susan, was born. She's been blessing everyone within shooting distance -- and some even farther away -- ever since. I'm not partial, just honest.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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.

CME Lowers Silver, Copper Margins

Posted: 12 Apr 2012 10:39 AM PDT

While it is unknown if this is merely a bull trap to get yet another bubble going, then to slaughter everyone with the same relentless barrage of margin hikes as we saw in the spring of 2011, or simply volumes in commodities have gotten so low that even the CME is willing to allow a little price appreciation in exchange for participation is unknown, but as of April 16 silver initial and maintenance margins will be 12.5% lower, while copper margins are declining by 20%.

For the full list of margin changes among electricity, agri, coal, crude, freight, metals, nat gas, and refineds, see here.

A looming flare-up in the eurozone crisis over Spain will drive the price of gold towards $2,000

Posted: 12 Apr 2012 09:43 AM PDT

Gold 'to hit $2,000′ on Spain fears


Feeling the 2007 Twitch

Posted: 12 Apr 2012 09:16 AM PDT

April 12, 2012 [LIST] [*]Look out below: Three — no, make it 4 — reasons it feels like 2007-08 this morning... [*]Subprime lending up (again... really?), private equity opting for IPO and a shocking fact you didn't know about oil prices... [*]"Normal market behavior"... Vancouver favorite cheers up gold holders who bought at the most recent top... [*]Death, taxes and one grim statistic... still time to buy a house... muddy boots in South America... and more! [/LIST] "Even I wouldn't make a loan to me at this point," says Annette Alejandro. Ms. Alejandro recently emerged from bankruptcy, her car was repossessed last year and she has no job. But her mailbox is stuffed with offers for credit cards and car loans. We begin today's episode with "deja vu"-induced vertigo this morning. Three items flitted into our inbox in the last 24 hours. By themselves, the items might not mean much. Coagulated, they give us the same queasy feeling we had in 2007-08. Credit card...


Vaccine Therapies Hold Promise for Investors: Stephen Dunn

Posted: 12 Apr 2012 09:15 AM PDT

The Life Sciences Report: I'd like to talk about preventive and therapeutic immunization. How large is the preventive vaccine market? Stephen Dunn: According to the World Health Organization, over 12 million (M) people are reported to die from infectious diseases annually, with the unreported figures much higher. In addition, the number of people afflicted with nonfatal infectious diseases is likely near 1 billion (B), which also represents significant global healthcare and economic costs. While difficult to calculate precisely in dollar terms, the global vaccine market is roughly $30B or more, with the U.S. representing $20B or more. We expect this to grow significantly as there are over 300 infectious diseases and only about 15% of them have an effective prophylactic therapy. TLSR: We know that governments have to be involved in preventive vaccines. Foundations, such as BIO Ventures for Global Health, the Bill and Melinda Gates Foundation, Wellcome Trust, etc., are also involved. D...


Sack of Nonsense Redux

Posted: 12 Apr 2012 09:15 AM PDT

from TF Metals Report:

It was with increasing incredulity that I file this update today.

I sit here in wonderment, considering how and why all of the current MOPE and SPIN can be so easily digested. Am I (are you) one of the few able to see this crap for what it is? Seriously, how is this not reported upon and/or credibly discussed? One day, the Fed rolls out Fisher or KosherDakota to talk down QE expectations and talk up the dollar. As soon as this causes a breakdown in the nearly perfect S&P advance since November, The Bernank or Evans or Yellen gets trotted out to "reassure" markets that ZIRP will continue indefinitely and/or that QE3 may be just around the corner.

Trader Dan summarized this quite well in a short post from earlier today. http://www.traderdannorcini.blogspot.com/2012/04/little-dab-will-do-ya.html Below is the chart I lifted from Dan's site which pretty well explains everything.

Read More @ TF Metals Report.com

The Difference Between Gold and Silver

Posted: 12 Apr 2012 09:10 AM PDT

Many investors in the precious metals community operate from the perspective that there is no real difference between gold and silver; that both are monetary assets, with silver simply being a less expensive ... Read More...



“Me Love Your Gold Long Time”

Posted: 12 Apr 2012 08:36 AM PDT

Vietnam goes nuclear on gold


Gold Daily and Silver Weekly Charts

Posted: 12 Apr 2012 08:15 AM PDT


This posting includes an audio/video/photo media file: Download Now

Golden Eye of Hurricane

Posted: 12 Apr 2012 08:00 AM PDT

What an incredibly complex confusing and treacherous month. It can be safely said that 80% of the activity is almost totally kept from the public. The financial system is breaking in an accelerated fashion. Compare to some grisly horror movie where a man is strapped in a chair. The more he moves, the tighter the bindings pull on his gasping throat and pressed nether stones. The most significant two factors at work are the Iran sanctions and their powerful backfire, and the futile efforts in Europe to stem the banking center collapse.


MUST READ: Golden Eye of Hurricane

Posted: 12 Apr 2012 07:44 AM PDT

"The UBS rogue trader story was a total fabrication, written and staged to conceal the removal of all UBS gold from their reserves inventory." - Jim Willie

by Jim Willie, GoldSeek.com:

What an incredibly complex confusing and treacherous month. It can be safely said that 80% of the activity is almost totally kept from the public. The financial system is breaking in an accelerated fashion. Compare to some grisly horror movie where a man is strapped in a chair. The more he moves, the tighter the bindings pull on his gasping throat and pressed nether stones. The most significant two factors at work are the Iran sanctions and their powerful backfire, and the futile efforts in Europe to stem the banking center collapse. The anti-USDollar federation that spans widely across the globe is gathering strong momentum. Financial aggression is being met by financial alternative development. As Greece moved off the daily news fabrication factory, the reality of a collapse in Spain and Italy has moved to the front center of observations. Meanwhile, the American nitwits continue to argue over Quantitative Easing when it never stopped, and in fact, went global under their noses. The US news machine, dominated by the syndicate, churns out absurdities after more nonsensical bites on an economic recovery. The subprime loan machinery has ramped up. The retail factor does not tell of strength, but of weakness. Spending on consumption does not indicate strength, but a path to ruin still not well recognized. The gap between reality and reports is diverging.

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John Embry & Chris Waltzek: “Deep pockets are buying all the physical gold they can get their hands on”

Posted: 12 Apr 2012 07:39 AM PDT

from Gold Seek Radio:

John
Embry & Chris Waltzek – April 11, 2012.

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The War at the End of the Dollar

Posted: 12 Apr 2012 07:05 AM PDT

By Ron Hera April 12, 2012 ©2012 Hera Research, LLC The history of the U.S. dollar is closely linked to U.S. involvement in a series of wars. The Bretton Woods Accord and the resulting world reserve currency status of the U.S. dollar were both byproducts of World War II (1939-1945). The Korean War (1950-1953) was followed six years later by the Vietnam War (1959-1975) which led to the end of the Bretton Woods system. Unfettered by the constraint of gold backing after 1971, the U.S. dollar became a weapon in the Cold War (1945–1991) between the U.S. and the former Union of Soviet Socialist Republics (U.S.S.R.). Each war corresponded with an increase in the U.S. money supply. The Gulf War (1990-1991) was followed by wars in Afghanistan, beginning in 2001, and in Iraq, beginning in 2003, and, simultaneously, by the U.S.-led War on Terror that began in 2001. Like the wars that came before them, the recent staccato of U.S. wars is correlated with increases in the U....


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