Gold World News Flash |
- We expect the Chinese central bank to continue gradually accumulating gold, and we think that it might be planning a gold backing for the renminbi.
- The DOLLAR is COLLAPSING – Elijah Johnson Interviewed by Adrian Shepherd
- They're Running Out of Gold!… And Jobs
- In The News Today
- The Banking Cartel Operates EXACTLY LIKE THE MAFIA: Jeff Nielson
- The Fed is Out of Bullets
- John Ralston Saul: The Collapse of Globalism
- Support the Silver Circle
- Youri Carma: Time For The Baltic Dry vs Gold, Joy!
- A Cacophony Of Discord, Defaults, And Visions Of Impossibility
- Trade of the Year - Gold Versus Paper
- Weekend Update - Gold
- Book Review: The Golden Revolution
- World Gold Council - European Crisis and Gold
- Watch Out For A Silver Breakout Higher
- Are we about to see a Chinese gold rush?
- Soros Selling Stocks and Stacking Gold! Should We Be Buying More Gold Too?
- Gold Prices Stall, Silver to Explode
- INTER-MARKET RELATIONSHIPS THAT ARE DRIVING THE STOCK MARKET AND COMMODITIES
- 'Silver Circle' animated movie compiles evidence of silver market manipulation
- Gold $2,000 Will Soon Kickstart Mining Shares
- Big Changes Ahead: Gold Just Became Money Again
| Posted: 20 Aug 2012 12:05 AM PDT Does China plan a Gold-backed
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| The DOLLAR is COLLAPSING – Elijah Johnson Interviewed by Adrian Shepherd Posted: 19 Aug 2012 10:15 PM PDT from Unconventional Finance: Adrian Shepherd, the author of "iSucceed," interviews Elijah Johnson, the founder of Unconventional Finance, about how he got interested in finance and what he sees for the world economy going forward.
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| They're Running Out of Gold!… And Jobs Posted: 19 Aug 2012 10:00 PM PDT by Brittany Stepniak, Wealth Wire:
Yesterday, Bloomberg reported on a story of a married couple selling off their last pieces of precious jewelry – their wedding rings, even – in order to pay their monthly rent dues. Mr. Paulo Oliveira lost his job as a builder last month, and he's afraid they will soon be kicked out of their apartment because he and his wife have no money left, and their gold is gone too. According to Mr. Oliveira, "Everyone I know is struggling, even the gold stores are empty because nobody has any more gold left to sell." Portugal, historically known as the home of some of Europe's biggest gold reserves, appears to be running out of gold. Luis Almeida is part of a family-owned gold store near Lisbon's Rossio Square, and he said that business has gone from great to terrible in just a short couple of months. After owning the store for nearly four decades, this market slump has led to the worst situation they've ever seen. Almost all of their clients have simply run out of gold – they've already sold their jewelry to pay their bills.
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| Posted: 19 Aug 2012 09:15 PM PDT Jim Sinclair's Commentary Good Knight Wall Street.
Heard the rumour China is buying 6,000 tonnes of gold? It may not be as crazy as it sounds Frik Els | August 17, 2012 Hedge fund gurus George Soros and John Paulson and central banks around the world are jumping back into the Continue reading In The News Today
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| The Banking Cartel Operates EXACTLY LIKE THE MAFIA: Jeff Nielson Posted: 19 Aug 2012 09:08 PM PDT
Jeff Nielson joins us to cover the latest criminal exploits of the Bankster cartel, and he says it's never been more clear that the international banking cartel operates EXACTLY like the mafia. We will never be free until we smash the Oligopoly and their corporate monopolies. We're in a lot of trouble, because they aren't going to stop the coming collapse and a LOT of people are going to get hurt.
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| Posted: 19 Aug 2012 09:00 PM PDT by The Doc,Silver Doctors:
The Fed is out of bullets. The goal of "Operation Twist" was to create demand for the 10-year and the 30-year, thereby keeping rates low and in a downtrend. They accomplished this "sterilized" program by selling their short-term bills and notes and using the proceeds to buy longer term notes and bonds. Now, look at that final frame again. The Fed is now out of paper to sell. Their current holdings in the 1.5 year and less range are negligible. Therefore, they have no more ammo. Now look again at that last frame. The Fed now owns nearly 70% of the outstanding 10-year note inventory. They are that market. There is hardly anyone left besides the Fed and the Fed is out of cash to keep it going. Suddenly, we have a simple imbalance of more sellers than buyers and…down goes price. Notice what I said above, "the Fed is out of cash". Like athletic momentum or alcohol-induced desire, this is but a temporary thing. Let me state this clearly again: THE FED CANNOT AND WILL NOT ALLOW RATES TO RESET HIGHER. THE RESULTING BURDEN OF HIGHER INTEREST COSTS ON THE ALREADY ACCUMULATED DEBT WILL ONLY SPEED THE DEMISE OF THE PONZI AND THIS CANNOT BE ALLOWED. Therefore, with rates backing up and with the Fed out of liquidity to support a turnaround, the only option left is a re-ignition of overt quantitative easing.
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| John Ralston Saul: The Collapse of Globalism Posted: 19 Aug 2012 08:57 PM PDT | ||
| Posted: 19 Aug 2012 07:49 PM PDT [Ed. Note: Just received this note from our friend Ron Hera, so sharing it with you:] from Ron Hera, Hera Research:
If you have friends or family that STILL DON'T UNDERSTAND the silver manipulation story, have 'em read this – Silver Market Manipulation FAQ. The Silver Market Manipulation FAQ is a compilation of information and references about silver market manipulation assembled for the Silver Circle movie website www.SilverCircleMovie.com and exclusively hosted there. Silver Circle is an exciting new film that portrays the world after a massive economic collapse: tyranny, explosions, monetary mayhem, romance and rebels. At the center of corruption is the Federal Reserve, which has gained enormous control over America's economy, with disastrous effects beginning to show. Standing in opposition, is an eclectic band of rebels who have vowed to take back the freedom they once knew…and they won't go down without a fight. Silver Circle takes animated filmmaking to the next level while breathing new life into an age old story of precious metals, fiat currencies and corruption versus the right of every human being to basic economic freedom. Scheduled for theatrical release in the fall of 2012, Silver Circle is an exciting independent, animated film that already has millions of enthusiastic fans and supporters worldwide The audience appeal is diverse and unique ranging from comic book geeks to survivalists living in the woods! The goal of the filmmakers is to create a new genre of "smart culture" that brings education into fun through fictional stories. Thanks & pass it on!
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| Youri Carma: Time For The Baltic Dry vs Gold, Joy! Posted: 19 Aug 2012 06:39 PM PDT More InvestmentTools Baltic Dry Graphs
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| A Cacophony Of Discord, Defaults, And Visions Of Impossibility Posted: 19 Aug 2012 06:38 PM PDT Wolf Richter www.testosteronepit.com The Eurozone wasn’t supposed to be a house of cards. And as long as there was “confidence” that it would work, it worked: the financial markets offered cheap no-questions-asked loans to the most profligate governments, and even tiny countries like Cyprus were able to suck up and disperse in record time phenomenal amounts of money. The elites got immensely rich, and even other members of society were able to pick up some crumbs. But all that remains from this drunken frenzy are mountains of decomposing debt—and a cacophony of discord, shouting matches about defaults, and visions of impossibility. Former taboos are violated, sacred cows are slaughtered, and the euro has been tossed on the chopping block. There was billionaire Frank Stronach who’d announced he’d start an anti-euro political party in Austria. While the European Union should guarantee peace and the free movement of goods, people, services, and capital, he said, it could only function “if every country has its own currency.” He called the ESM, the not yet existing bailout fund that is supposed to save the Eurozone but is still hung up in the German Constitutional Court, “insolvency procrastination.” And he exhorted Austrians to ditch the euro [read.... The Euro Revolt Spreads To Austria]. Austrian Foreign Minister Michael Spindelegger (ÖVP) would take the opposite tack. Worried about exports—half the jobs in Austria depended on them—he’d rather not get rid of the euro. Instead, “We need possibilities to kick someone out of the monetary union,” he said, particularly “countries that don’t stick to their commitments.” And he jabbed at Greece because it had lied about its numbers in order to be allowed into the Eurozone. Alas, being able to kick a country out would require treaty changes, which would take five years, Spindelegger said. But he’d already started discussions with other foreign ministers. While many of them supported treaty changes, unanimity of all 27 EU countries would be required, he said, possibly aware of his illusions. He immediately caught heat from stalwarts in the coalition government. Some called it “populist”—as opposed to elitist, perhaps. Chancellor Werner Faymann was worried about “the negative consequences of a breakup of the Eurozone”—even he used breakup of the Eurozone, a concept now as common as the currency itself, though for top politicians, it had been an unmentionable not long ago. And in Germany, the discussion had already come to a boil [read... German Bailout Rebellion: “We Have Euro-Anarchy”]. In Finland, Foreign Minister Erkki Tuomioja poured gasoline on the fire: “We have to face openly the possibility of a euro-break up,” he said. “Our officials, like everybody else, and like every general staff, have some sort of operational plan for any eventuality.” The only handicap? “A Eurozone break-up would cost more in the short-run or medium-run than managing the crisis.” So it was just a matter of when to recognize the costs incurred in prior years: publicizing them now or sweeping them under the rug via the bailout funds that Stronach had correctly called “insolvency procrastination.” Like Stronach, Tuomioja wanted to preserve the EU, and dumping the euro would make it “function better,” he said. He confirmed the scenario that either the south or the north would escape “because this currency straitjacket is causing misery for millions and destroying Europe’s future.” It didn’t help that he called the euro “a total catastrophe.” Not a day passes by when the concept of a Eurozone breakup doesn’t flare up in public. Each time, it saps confidence in the euro even more, though “confidence” is the only thing that separates that house of cards from collapse. The 21 EU summits to save the Eurozone, the waves of half-hearted dog-and-pony shows, and the alphabet soup of tangled-up and ineffectual bailout measures have all failed to stem the slide. There is nothing to indicate that a magic potion could eventually be found. And the fact that “breakup of the Eurozone” is such a common topic at the top of the political power structure has infused it with a life of its own. “Default is not necessarily destructive,” said Panayiotis Lafazanis, a Greek politician, as the system in Greece is assuming aspects of financial rigor mortis. Read.... The Greek Bailout Sham Is Getting Gummed Up. And here’s a veritable chorus of former (and current) central bankers lashing out against central-bank sins and shenanigans, by George Dorgan.
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| Trade of the Year - Gold Versus Paper Posted: 19 Aug 2012 06:14 PM PDT I often harp on the Dow to Gold ratio, as I think it is the easiest way to see the "bigger picture" secular trend of poorly performing common stock markets (i.e. paper) relative to the free market's real money (i.e. Gold). I have been not-so-patiently waiting for a turn in this ratio back to the advantage of the Gold bulls. Well, we have now gotten to the point where I feel comfortable arguing that this ratio now is likely to provide the best trade over the next 12 months.
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| Posted: 19 Aug 2012 06:05 PM PDT $1,620 is still a key reference area in the near term, but the "triangle" pattern on the one hour chart (see left hand side below) inside the triangle pattern on the daily chart (see right hand side below) is what is most important to me at this time from my perspective. The triangles are showing a battle of increasing demand and steady supply.
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| Book Review: The Golden Revolution Posted: 19 Aug 2012 05:52 PM PDT There are many books on the market today about the coming collapse of the global dollar-based monetary system. Many of them purport to help the reader "profit" from the collapse(!) Others are filled (just like the blogosphere from which they often come) with dark, conspiratorial whispers, psychologizing of leaders in government and finance, and preposterous ideas about how people actually think and act.
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| World Gold Council - European Crisis and Gold Posted: 19 Aug 2012 05:17 PM PDT The World Gold Council takes a look at the possibility of the Eurozone using its nearly 10,000 tonne gold reserves as collateral for gold backed bonds. The lead-in to two short videos on the subject reads: "We are witnessing some of the biggest changes to the Eurozone since it was created. Recent steps to resolve, or at least stem, the Eurozone debt crisis are moving apace and discussions of greater fiscal, economic and, even, political union are gathering momentum. Can gold be part of the solution? To read the full article and view the two videos follow the link below to the WGC website. Source: World Gold Council http://www.gold.org/government_affairs/new_financial_architecture/gold_and_the_eurozone_crisis/
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| Watch Out For A Silver Breakout Higher Posted: 19 Aug 2012 03:33 PM PDT An old melody advises us to look for the silver lining whenever dark clouds appear in the blue. There is economic and political upheaval all over the world, especially in the South China Seas. This may directly affect the world's supply ... Read More...
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| Are we about to see a Chinese gold rush? Posted: 19 Aug 2012 12:06 PM PDT Market watchers are split on what will now happen to the gold price. 
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| Soros Selling Stocks and Stacking Gold! Should We Be Buying More Gold Too? Posted: 19 Aug 2012 10:10 AM PDT When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen – and that is just what George Soros has done according to his latest 13-F report filing. [Should we buy more gold too?] Words: 484 So says Marc Slavo ([url]www.shtfplan.com[/url]) in edited excerpts from his original post*. [INDENT]Lorimer Wilson, editor of [B][COLOR=#0000ff]www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) has edited the article 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.[/COLOR][/B] [/INDENT]Slavo goes on to say, in part: In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity p...
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| Gold Prices Stall, Silver to Explode Posted: 19 Aug 2012 09:28 AM PDT December Gold futures are now trading comfortably... [[ This is a content summary only. Visit my website http://goldbasics.blogspot.com for full Content ]] 
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| INTER-MARKET RELATIONSHIPS THAT ARE DRIVING THE STOCK MARKET AND COMMODITIES Posted: 19 Aug 2012 09:21 AM PDT This will be a quick post today illustrating what I expect over the next 2 years, and the inter-market relationship between the currency markets, CRB and stocks. Pay particular attention to the inverse relationship between the dollar index and the CRB; notice how the CRB almost immediately began moving down into its three year cycle low once the dollar formed it's three year cycle bottom in May 2011. Stocks are driven by not only the dollar but to some extent by commodity prices. When commodities start to surge too high they act as a drag on the economy and consequently the stock market begins to stagnate. When commodities are falling, as they have been for the last year, it tends to act as a mild tailwind for the stock market and this explains why stocks have continued to rise for most of this year despite the dollar moving generally upwards since February. I think I have mentioned before that virtually every recession since World War II has been preceded by a spike in oil prices of 80% - 100% over a short period of time (usually a year or less). The surge from $50 a barrel to $100 in 2007 was the straw that broke the camel's back and tipped the economy over into recession, which began in November '07. A further spike to $147 a barrel the next summer guaranteed that the recession would be the worst since the Great Depression, especially considering that the real estate market and debt bubble was imploding at the same time. Now that the CRB has formed its three year cycle low the dollar index should be at or pretty close to a final top, which should then be followed by a move down into its next three year cycle low sometime in 2014. If the inter-market relationships continue to hold up, and I don't see why they wouldn't, then we should see commodity prices moving generally north for the next couple of years until the dollar forms its 3 year cycle low in mid-to-late 2014. At some point along the way rising commodity prices are going to begin pressuring the economy, just as they did in 2007 and 2008, and also in 2011 as the CRB surged up into its final three year cycle top.  At that point I expect to see a severe deflationary event as the stock market and commodities collapse similar to what happened in the fall of 2008 and early 2009. This collapse and deflationary event should be accompanied by the dollar rallying out of its next three year cycle low in 2014 . Most bear markets tend to last between 1 1/2 to 2 1/2 years so we can probably expect a final bottom in early to mid 2015.       
This posting includes an audio/video/photo media file: Download Now | ||
| 'Silver Circle' animated movie compiles evidence of silver market manipulation Posted: 19 Aug 2012 09:02 AM PDT 11a ET Sunday, August 19, 2012 Dear Friend of GATA and Gold (and Silver): Lineplot Productions, an animation studio in Cambridge, Massachusetts, has assembled a summary of information about silver market manipulation in the course of producing an animated movie called "The Silver Circle." The summary, which is likely to be updated from time to time, is posted in PDF format here: http://www.silvercirclemovie.com/wp-content/uploads/2012/08/HRN_20120814... The movie is planned for release in a few weeks and its Internet site is here: http://www.silvercirclemovie.com The studio's own Internet site is here: CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Fred Goldstein and Tim Murphy open All Pro Gold Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and Tim@allprogold.com, Fred at 602-799-8378 and Fred@allprogold.com. Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at http://www.allprogold.com/. Join GATA here: Toronto Resource Investment Conference New Orleans Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Prophecy Platinum Announces Wellgreen Preliminary Economic Assessment: Company Press Release VANCOUVER, British Columbia, Canada -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) reports the results of an independent NI 43-101-compliant preliminary economic assessment for its fully owned Wellgreen nickel-copper-platinum group metals project in the Yukon Territory. The independent assessment, prepared by Tetra Tech, evaluated a base case of an open-pit mine (with a mining rate of 111,500 tonnes per day), an on-site concentrator (with a milling rate of 32,000 tonnes per day), and an initial capital cost of $863 million. The project is expected to produce (in concentrate) 1.959 billion pounds of nickel, 2.058 billion pounds of copper, and 7.119 million ounces of platinum, palladium, and gold during a mine life of 37 years with an average strip ratio of 2.57. The financial highlights of the preliminary economic assessment, shown in U.S. dollars, are as follows: Payback period: 3.55 years Prophecy Chairman John Lee says: "We are pleased with the preliminary economic assessment results. The numbers indicate that Wellgreen is one of most exciting mineral projects in the Yukon. The company is drilling to upgrade and expand the resource base. The infrastructure is excellent as the project is only 1,400 meters in altitude and 14 kilometers from the paved Alaska Highway, which leads to the Haines deep seaport. Discussions are under way with support from local stakeholders regarding permitting and logistics." For the complete press release, please visit: http://prophecyplat.com/news_2012_june18_prophecy_platinum_announces_res...
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| Gold $2,000 Will Soon Kickstart Mining Shares Posted: 19 Aug 2012 07:27 AM PDT The lack of excitement haunting the precious metals and mining shares markets over the past year is expected to change in the next few months, according to Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd. In this exclusive interview with The Gold Report, he explains why he expects gold to finally break through the $2,000/ounce barrier in 2013 and how this should affect the mining stocks that he covers. While share prices are generally low across the board now, Fowler tells us about a few of the ones that he expects to shine bright when the market turns.
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| Big Changes Ahead: Gold Just Became Money Again Posted: 18 Aug 2012 02:59 PM PDT Casey Research
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There's a startling trend growing in Europe as families run out of all their money – both fiat currencies and hard-money metals.
Our friend TF from TFMetalsReport notes that The Fed's current holdings of Treasuries under 2 years in duration are now negligible, 
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