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- Gold Seeker Weekly Wrap-Up: Gold Gains 2% on the Week
- Is Silver Currently Riskier Than Gold?
- Gerald Celente – Expect A Tidal Wave Entrance Into Gold
- Back to the fundamentals of investing in silver
- Revisiting the First Silver Bubble
- Are Gold and Silver Your Hedges Against Centrally-Planned Economies?
- Mannarino: Global Financial Meltdown
- Gold To Pop $1,000+ During Global Banking Emergency......
- Broken Product Alert: AMJ Converting To Closed-End Note
- Revisiting 7 Successful Portfolio Hedges
- Dow Industrial Bulls, Gold Bugs And Wagering Big Bets On QE3
- JPMorgan: A Bad Judgment Call Or Systemic Failure?
- T&S: A Lifetime Opportunity.. Starts this week?
- “Paper money eventually returns to its intrinsic value…zero.”
- The Gold Standard: Generator & Protector Of Jobs
- Links for 2012-06-16 [del.icio.us]
- Fifty Years of Suppressing Silver
- India to dissuade people from investing in gold
| Gold Seeker Weekly Wrap-Up: Gold Gains 2% on the Week Posted: 17 Jun 2012 06:13 AM PDT
from news.goldseek.com: The Metals: Gold spiked up to $1633.42 by a little before 8:30AM EST before it fell back to $1619.87 in the next 20 minutes of trade, but it then chopped its way back higher into the close and ended with a gain of 0.12%. Silver surged to $28.844 before it dropped back to $28.538 and then rallied back higher at times, but it ended at just unchanged on the day. Keep on reading @ news.goldseek.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Is Silver Currently Riskier Than Gold? Posted: 17 Jun 2012 06:01 AM PDT
from silverseek.com: Gold futures closed higher edging past the $1,600 mark Wednesday, extending their advance to a fourth session – perhaps traders considered prospects for further quantitative easing by the Federal Reserve and other central banks, including the Bank of England, the European Central Bank and the Bank of Japan. Thursday Comex gold futures prices ended the U.S. day session near unchanged in subdued trading and today Gold edged up extending its winning streak to a sixth session as sluggish U.S. data boosted hopes for monetary easing. With an agreement last weekend to bail out Spain's struggling banks, Europe again avoided financial chaos but it still faces far bigger challenges that threaten the Continent and with it, the world economy, namely Greece, the tail that is wagging the dog. It's the old "domino theory" that has European leaders up at night. Keep on reading @ silverseek.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gerald Celente – Expect A Tidal Wave Entrance Into Gold Posted: 17 Jun 2012 05:42 AM PDT
from kingworldnews.com: Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Celente predicted, "a tidal wave entrance into gold," because "the entire financial system is in collapse." But first, here is what Celente had to say about what is happening around the world: "The highlight for the moment is on Greece, but let's remember that Greece only counts for 2% of the eurozone GDP. It's more about publicity. How will it look if they leave? Also, everybody knew that the $125 billion (for Spain) was a drop in the bucket compared to the trillions of dollars of debt." Gerald Celente continues: "What's going to happen with the Italians with their bond yields skyrocketing? So with each day it's a new catastrophe. With each new catastrophe you hear the same lines from the central bankers and the politicians, 'We have to fix this one. If we don't fix this one, the whole world will go up in smoke.' So this is really serious. Keep on reading @ kingworldnews.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back to the fundamentals of investing in silver Posted: 17 Jun 2012 05:33 AM PDT
from arabianmoney.net: t's about four years since ArabianMoney began to recommend investing in silver (click here). It has been a roller-coaster ride but few investments have gained 70 per cent like silver over those difficult years for financial markets. Things were even better last April with a short price spike that gave left us with almost triple our investment of three years earlier. But that is the sort of volatility that you have to live with as a long-term silver investor. Market timing You can of course try to be a market timer. However, it just is not worth the heartache. You will make horrible mistakes. At the end of last year one famous pundit was particularly bearish, only to get it completely wrong as silver found a New Year burst of life. Keep on reading @ arabianmoney.net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revisiting the First Silver Bubble Posted: 17 Jun 2012 05:26 AM PDT
from wealthwire.com: With smoke still rising from the ruins of the recent silver crash, I thought I'd touch base with a wizened and grizzled old veteran who still remembered the last time a bubble popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered investment advisors in the country. Mike is the last surviving silver broker to the Hunt Brothers, who in 1979-80 were major players in the run up in the 'poor man's gold' from $11 to a staggering $50 an ounce in a very short time. At the peak, their aggregate position was thought to exceed 100 million ounces. Nelson Bunker Hunt and William Herbert Hunt were the sons of the legendary HL Hunt, one of the original East Texas wildcatters, and heirs to one of the largest Texas fortunes of the day. Shortly after president Richard Nixon took the US off the gold standard in 1971, the two brothers became deeply concerned about financial viability of the United States government. To protect their assets they began accumulating silver through coins, bars, the silver refiner, Asarco, and even tea sets, and when it opened, silver contracts on the futures markets. Keep on reading @ wealthwire.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Are Gold and Silver Your Hedges Against Centrally-Planned Economies? Posted: 17 Jun 2012 05:13 AM PDT
from wallstcheatsheet.com: Spain recently became the fourth member of the euro to request a bailout since the beginning of the region's insolvency crisis. The country stands to receive as much as 100 billion euros ($125 billion) in order to prolong the life of its current banking system. It is debt trying to fix more debt. "The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up to 100 billion euros in total," a Eurogroup statement said. With rescues drafted for Greece, Ireland, Portugal and now Spain, the European Union and the International Monetary Fund have committed nearly half a trillion euros to finance European bailouts. The Spain bailout is just the latest example of governments and central banks trying to solve an insolvency crisis with more debt. The markets quickly figured this out though, as Spanish and Italian bond yields reached new highs on the year just two days after the announcement. On Tuesday, the yield on Spain's 10-year benchmark hit 6.8 percent, while Italian yields reached nearly 6.3 percent. "It is quite likely that Spain needs a full bailout in the near future although policy makers will try all possible options to avoid this outcome, including a revival of bond purchases by the ECB as well as another three-year liquidity operation," said Pavan Wadhwa, global head of interest rate strategy at J.P. Morgan Chase. Keep on reading @ wallstcheatsheet.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mannarino: Global Financial Meltdown Posted: 17 Jun 2012 05:03 AM PDT Hedging EuroZone-Global Financial Meltdown. By Gregory Mannarino In this video I discuss, among other things, how to hedge against the financial crisis heading our way. from gregvegas5909: ~TVR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold To Pop $1,000+ During Global Banking Emergency...... Posted: 17 Jun 2012 02:32 AM PDT .....Dominique de Kevelioc de Bailleul Waiting for the rally in gold to begin? Don't. Global policymakers plan to institute the vital element of surprise to trap unsuspecting investors into bearing viscous currency devaluations. As reported by King World News' Anonymous London Trader, the 515 tons of paper gold dumped onto Chinese buyers of the 'physical' within an hour before, and during, Fed Chairman Ben Bernanke's testimony to Congress illustrates the desperate nature of central banks to dupe the public into complacency and inaction to an epic global financial crisis in progress. The thinking goes: if the gold price isn't making a bullish pattern on the charts, then there's no need to buy it right now. Veteran money manager John Hathaway of Tocqueville Asset Management proffers in a letter to clients a scenario in which investors could be waiting for a scheduled bus that never will arrive—a financial mistake that could be the biggest of their lives. Under a scenario whereby policymakers refuse to preempt a global crisis via some form of a Bretton Woods II (to include the emergence of some form of a gold standard as its pillar), "a new round of QE will most likely be triggered by emergency conditions in the financial markets and be seen as both an act of desperation and a tacit admission by policy makers that they really have no answers," Hathaway stated in his letter. "In such a moment, we would not be surprised by a leap in the gold price approaching several hundred and possibly thousands of dollars an ounce in too short a period for significant capital to enter." [Emphasis added] As the crisis takes shape, overnight fascist-like policies will become less surreptitious and more overt during the escalation of bank failures and failed sovereign debt auctions. A tipping point will be reached when investors begin witnessing frequent and wild fluctuations in currencies, bond and equities markets. Emergency actions will be taken akin to the Lehman meltdown but on a much larger scale. By then, everyone will know the bus isn't coming. No gold will be offered. Remarkably, institutional money manager, like Hathaway, believe politics of austerity will trump the power of central banks to deal with a crisis that has no solution other than to debase currencies further to ward off repercussions more severe than public reaction to cutbacks on government transfer payments. And when that critical moment of awareness that the talk of austerity is just that, talk, Hathaway told KWN in a separate interview this week, investors will become alarmed "at the readiness of policy makers to resort to radical, ad hoc measures to buy time" and stated in his letter to clients a day later, "My feeling is the absence of QE is priced into gold here." The surreal complacency by institutional and private investors to the imminent dangers of a chaotic event, which could take gold to monstrous heights, as Hathaway suggests, is glaringly apparent when compared with a recent announcement from OANDA fxTrade that trade restrictions will be in force—an omen of things to come globally. As reported by zerohedge.com: Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations. And while some professional currency traders brace for an 'event', zerohedge also reports that the Fed has become blatant in its monetization of 30-year bonds. The big reset may not wait until Jim Roger's post-election nightmare scenario. "The Fed has just bought $2 billion in 30 year bonds just two hours before the Treasury sells $13 billion in 30 year paper," penned Tyler Durden, Thursday. "The ponzi has become so glaring they don't even care to hide it any longer." Few buyers in the 30-year Treasury market could turn into no buyers at any time if the contagion of Europe quickly spreads to the US during a force majeure in the gold market. "The life expectancy of faith based currencies is, in our opinion, quite short," stated Hathaway. "Whatever path the loss of faith takes is impossible to know, but the result will undoubtedly, in our opinion, be the permanent re-pricing of gold in terms of defunct paper currencies." And the emergency and permanent backstop to a collapse of the global financial system can only come from the repricing of gold, which according to Goldmoney's James Turk, would come in around $10,000+ per ounce at the time of a rest back to a Bretton Woods II. That scenario, coupled with global currency controls could happen overnight through emergency measures crafted to trap as many dollar-holders as possible. China is aware of this and has pushed its gold accumulation into overdrive as recent Hong Kong gold export statistics to China go hyperbolic. Related Tickers: SPDR Gold Trust (NYSEARCA:GLD), iShares Silver Trust (NYSEARCA:SLV), ProShares Ultra Silver ETF (NYSEARCA:AGQ), iShares Gold Trust (NYSEARCA:IAU), Sprott Physical Gold Trust (NYSEARCA:PHYS). By Dominique de Kevelioc de Bailleul From Beacon Equity Research BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them. www.beaconequity.com http://www.silverbearcafe.com/privat...goldtopop.html | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Broken Product Alert: AMJ Converting To Closed-End Note Posted: 17 Jun 2012 02:02 AM PDT By Ron Rowland: JPMorgan Chase (JPM) announced that one day soon it intends to halt new note creation for the JPMorgan Alerian MLP ETN (AMJ). When that day arrives, AMJ will become a broken product. Unfortunately, most shareholders, traders, and potential investors will not be made aware of this event when it does occur. Furthermore, regulators are not doing anything to prevent harm to the innocent bystanders - the unknowing owners. Share creation and redemption are the heart and soul of ETPs - it's what makes ETFs and ETNs unique. Take that away and they become broken products living as closed-end funds, which at times are subject to large and unjustifiable premiums. There is a gaping hole in current ETF regulation - purchasers are not required to be informed they are buying a broken product that may be trading at an exorbitant premium. These premiums will eventually collapse and leave the last buyers Complete Story » | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revisiting 7 Successful Portfolio Hedges Posted: 17 Jun 2012 01:48 AM PDT By Kyle Felciano: As the market continues to muddle on through the spring, it feels like the right time to look at the recent performance of some of last year's successful hedge ideas. Below is a table summarizing their performance in 2012, 2011, and during the most tumultuous time periods of the past two years along with their correlation to the market this year:
Below is how $100 invested in each of the above at the end of March would have done: (click to enlarge charts) Complete Story » | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dow Industrial Bulls, Gold Bugs And Wagering Big Bets On QE3 Posted: 17 Jun 2012 01:05 AM PDT  By Gary Dorsch (Global Money Trends): As former Fed Chief "Easy Al" Greenspan used to say,
Recognizing the fact that financial markets place a heavy value on their words, former Fed chiefs Arthur Burns and Paul Volcker were known for blowing smoke, both literally and figuratively, when appearing before Congress, in order to prevent their words from becoming self-fulfilling prophesies. They developed a language called "Fed-speak," which is the use of ambiguous and cautious statements that are purposefully made to obscure the meaning of a statement. Greenspan is credited with turning Fed-speak into a fine art form. Having served under six presidents in four different jobs, Greenspan became one of the most entrenched and powerful figures in Washington. He was a shrewd political operator, a man who was handed his job by political allies in exchange Complete Story » | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JPMorgan: A Bad Judgment Call Or Systemic Failure? Posted: 16 Jun 2012 11:57 PM PDT By Skyler Greene: I attended a dinner party a while back. After the prerequisite number of cocktails, the conversation turned to politics. It was an interesting conversation, since the group was about roughly divided by liberal Occupy sympathizers and hardcore conservatives. The week's topic du jour was CEO pay, a topic that had been all over the news. Vikram Pandit of Citigroup (C) got $15M. Brian Moynihan, CEO of Bank of America (BAC), received $7.4M. Lloyd Blankfein of Goldman Sachs (GS) scored $12.4 million. One of the more liberal men started down the usual train of "Wall Street fat cat" arguments, bemoaning the CEOs' multimillion dollar pay packages as undeserved. The right wingers jumped in, pointing out that in comparison to the banks' overall profit margins, CEO pay is actually a miniscule percentage. While I mostly tried to distance myself from the shouting match, I did offer my two cents: effective management is Complete Story » | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| T&S: A Lifetime Opportunity.. Starts this week? Posted: 16 Jun 2012 10:36 PM PDT V: One perspective. Gold, silver, oil, and Natural gas all will likely tell us where they are going after this week. The Federal Reseerve decision this week is crutial to the pending large breakout pattern which the charts say is immenent. The direction will be known this week in my opinion. Those who don't panic will hold the economic key to their future in their hands if we break to the down side and then move-in at the right time. Keep your head & become rich! from mrthriveandsurvive: ~TVR | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| “Paper money eventually returns to its intrinsic value…zero.” Posted: 16 Jun 2012 09:53 PM PDT Silver Was Pressured Long Enough. Europe Remains A Basket Case So, Precious Metals Decided To Rally. Now Buying Resumes. Note Matching supports December, 2011 and triple bull double bottom in May And June.
Weekly silver poised to breakout, up and through a continuation triangle near $33.00.
        This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Gold Standard: Generator & Protector Of Jobs Posted: 16 Jun 2012 09:00 PM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Links for 2012-06-16 [del.icio.us] Posted: 16 Jun 2012 06:00 PM PDT
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| Fifty Years of Suppressing Silver Posted: 16 Jun 2012 04:30 PM PDT BullionBullsCanada | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| India to dissuade people from investing in gold Posted: 16 Jun 2012 02:26 PM PDT Ya can't make this stuff up.   Need to dissuade people from investing in gold: Pranab Mumbai: Worried over flow of savings for investment in gold, Finance Minister Pranab Mukherjee on Saturday said there is a need to spread financial literacy to encourage people to invest in market instruments. Pointing out that India's gold import surged to $60-62 billion in last fiscal, the Minister regretted that people are investing in gold with the expectation that the value of their investment would appreciate. "Quantum of import of gold ... is a clear indication (that) large section of community...want (to) investment in dead asset only with expectation that value would appreciate", he said while speaking at Zee television award function. The government is committed to make India an investment-friendly destination and financial power house of the world, Pranab said.  The Minister further said "time is ripe to motivate our educated upper middle class to climb from saving mode to wealth generation mode. "...My request to financial analysts and other experts and leaders in this field is to ensure than we can create confidence in market, spread financial literacy and merit of investment could be widely spread", he said. The Minister added that the government is committed to make India an investment-friendly destination and financial power house of the world. "If India can built on its economic strength, it can be a source of stability for the world economy and safe destination for restless global capital which can help speed our developmental process," the Minister said. On the economic issues, the Minister said, "the most important challenge before the country is to regain and then sustain 8-9 per annum." At the same time, Mukherjee said, there is a need to maintain the basic parameters of healthy development, moderate rate of inflation, fiscal consolidation and current account deficit and obviously higher growth in exports. While asking financial analysts and experts to educate investors, Mukherjee cautioned: "We need to put investors interest in forefornt. If we loose the interest of potential investors, growth process will be stalled." He further said inputs of experts on policy correctiveness and reforms have helped the government to "move forward". "We are now on to next generation of financial sector reforms which include, among other things, widening and deepening the Indian security markets as part of concerted efforts to increase the participation of retail investors in the security market and further the goal of financial inclusion," he said. In order to check gold imports, the government has increased basic customs duty on gold bars from 2 per cent to 4 per cent. http://ibnlive.in.com/news/need-to-d.../266435-7.html | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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