Gold World News Flash |
- How To Store Gold At Home
- Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good
- Even talk of a gold standard would boost the price
- Expect $2,000 Gold & A Massive Squeeze In A Key Commodity
- The Gold Standard Goes Mainstream
- Crude Oil, Gold Edge Lower But Follow-Through to Wait for Bernanke
- Gold Commission 2
- Jason Hamlin – Bernank: The Wizard Of The Fed Controls Your Wealth And Future
- Interview With Eric Sprott
- Economic Collapse, Foreign Troops & Martial Law with Steve Quayle
- Eric Sprott among GATA favorites to address Silver Summit in October
- Seth Lipsky: The gold standard goes mainstream
- Federal Reserve To Crash Markets Before Launching QE3?
- The Gold Price Gave Up $6.70 Today Gold Remains in Primary Uptrend and Will Usually Resolve Upside
- Guest Post: Boom and Bust - The Evolution Of Markets Through Monetary Policy
- The Math Behind Italy's 28,000 "Cash For Gold" Outlets
- A High-Confidence Event
- Catherine Austin Fitts–$2500 Gold Means War 29.Aug.12
- Jason Hamlin–Bernank-The Wizard Of The Fed Controls Your Wealth And Future — 29.Aug.12
- Firestorms & Currency Twisters
- Breakout Move In Silver Forecasting Global Hyper-Inflation
- Ultra-Famous Mogambo (UFM
- Gold Seeker Closing Report: Gold and Silver Fall Slightly
- Gold Report
- Will Expert David Morgan Call the Bottom on the Metals Market Again?
- Grandich Client Geologix Explorations
- Render Unto Caesar, Part II
- Recent Rally in Silver - A Sign of Strength or a Mere Correction?
| Posted: 30 Aug 2012 12:00 AM PDT Goldsilver
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| Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good Posted: 29 Aug 2012 11:30 PM PDT from The Economic Collapse Blog:
Read More @ TheEconomicCollpaseBlog.com
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| Even talk of a gold standard would boost the price Posted: 29 Aug 2012 11:00 PM PDT Current monetary system is breaking down by Matthew Lynn, Market Watch:
What would it take to break the gold price out of the $1,600 to $1,700 an ounce range in which it has been trading for the past year? Another massive blast of quantitative easing from the Federal Reserve? A final breakdown of the euro? A war between Israel and Iran? They are all possibilities, of course. But the most likely candidate is a serious debate about a return to some form of the gold standard. In the U.S., the Republican Party has already pledged to study restoring the link between the dollar and gold if it wins the upcoming election. In Switzerland there have been parliamentary debates about restoring the link between the Swiss franc and gold. Central banks are already increasing their holdings of gold. Don't be surprised if it starts to play an increasing role in the ever-more fevered attempts to fix Europe's monetary system.
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| Expect $2,000 Gold & A Massive Squeeze In A Key Commodity Posted: 29 Aug 2012 10:00 PM PDT from KingWorldNews:
Today a legend in the business told King World News, "… we are going to see an incredible squeeze," in a key commodity that nobody is watching. Keith Barron, who consults with major gold companies around the world, and is responsible for one of the largest gold discoveries in the last quarter century, also said this commodity is, "… going to go parabolic." Barron also said we will see $2,000 gold within months. Here is what he had to say: "Certainly the gold price has been moving up nicely over the past couple of weeks. Part of this rise has been in anticipation of this Jackson Hole meeting in a few days time. Everyone is expecting that Bernanke is going to come through with an announcement for QE3." Barron continues @ KingWorldNews.com
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| The Gold Standard Goes Mainstream Posted: 29 Aug 2012 09:45 PM PDT By Seth Lipsky | WSJ - An under-reported development of this campaign season is the Republican Party's decision this week to send Gov. Mitt Romney into the presidential race on a platform effectively calling for a new gold commission. The realization that America's system of fiat money is part of its economic problem is moving [...] 
This posting includes an audio/video/photo media file: Download Now |
| Crude Oil, Gold Edge Lower But Follow-Through to Wait for Bernanke Posted: 29 Aug 2012 09:42 PM PDT courtesy of DailyFX.com August 29, 2012 07:27 PM Crude oil and gold prices edged lower but follow-though is likely to remain absent before Friday’s speech from Ben Bernanke at the Jackson Hole Symposium. Talking Points [LIST] [*]Crude Oil Edges Lower as “Isaac” Appears to Leave Gulf Refiners Mostly Unscathed [*]Gold Sold as Firmer Fed Beige Book Undermines Federal Reserve Stimulus Outlook [*]Commodities Unlikely to Yield Directional Follow-Through Before Bernanke Speech [*]US Calendar Remains in Focus as Traders Set the Stage for Jackson Hole Symposium [/LIST] Commodities continue to hover near familiar technical barriers as traders wait for Friday’s much-anticipated speech from Fed Chairman Ben Bernanke at the Jackson Hole symposium. Traders hope the central bank chief will signal the intention of launching a third round of quantitative easing (QE3). Crude oil and gold took an initial step lower, the former undermined as Hurricane Isaac seemingly left Gul...
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| Posted: 29 Aug 2012 09:30 PM PDT by Gary North, Lew Rockwell:
There is talk of a plank in the Republican Party's platform calling for a gold commission. The commission will study the possibility of re-establishing a gold standard. The likelihood of a positive recommendation coming out of such a commission is as likely as a positive report of another commission to study the feasibility of restoring the Articles of Confederation. I did a Google search on these terms: "gold commission," Republican, platform. I got 20,000 hits. That's not too bad. I always like to see public interest in the restoration of gold as the backing for the U.S. dollar. But there is a lot of deja vu about this. We have been down this yellow brick road before. It is nothing but gold-painted bricks all the way to the Emerald City: Greenback heaven.
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| Jason Hamlin – Bernank: The Wizard Of The Fed Controls Your Wealth And Future Posted: 29 Aug 2012 09:23 PM PDT from FinancialSurvivalNetwork.com:
CLICK HERE FOR AUDIO INTERVIEW
This posting includes an audio/video/photo media file: Download Now |
| Posted: 29 Aug 2012 08:57 PM PDT Below is a great interview with Eric Sprott. Interesting fact is his note that the average of all gold stock analysts is a gold price going forward of $1275/oz on average. Meaning its not going to get better going forward, he disagrees with that and sees things only getting better for gold stocks. See interview here.
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| Economic Collapse, Foreign Troops & Martial Law with Steve Quayle Posted: 29 Aug 2012 08:50 PM PDT |
| Eric Sprott among GATA favorites to address Silver Summit in October Posted: 29 Aug 2012 08:42 PM PDT 10:40p ET Wednesday, August 29, 2012 Dear Friend of GATA and Gold: The 10th annual Silver Summit will be held Thursday and Friday, October 25 and 26, at the Davenport Hotel in Spokane, Washington, and will feature presentations by GATA favorites Eric Sprott of Sprott Asset Management, Peter Spina of GoldSeek and SilverSeek, Al Korelin of the Korelin Economic Report, David Morgan of The Morgan Report, Bix Weir of the Road to Roota newsletter, Roger Weigand of the Trader Tracks newsletter, Ron Hera of Hera Research, and CPM Group Managing Director Jeff Christian. Many silver mining companies will be exhibiting. Admission is $40. The conference's Internet site, with registration and hotel information, is here: http://cambridgehouse.com/node/6192 The conference's press release is appended. CHRIS POWELL, Secretary/Treasurer * * * Silver Summit to Celebrate its 10th Anniversary Cambridge House International's annual Silver Summit celebrates its tenth year Oct. 25 and 26 at the historic Davenport Hotel in Spokane, Washington, with a cavalcade of experts in all things silver and a thousand silver aficionados. "The junior sector in the resource industry, which was just plain hammered in the 2008 market debacle, is making a comeback. So is silver," says Joe Martin, president of Cambridge House. "It's on the long end of the slingshot. You'd be just plain crazy not to investigate the silver sector of this market, and the Silver Summit is the place to do it." The Silver Summit is unique in the world of resource investment conferences as its focus is on silver: its exploration, its production, its end uses -- industrial and medical -- and its potential as a store of value as an alternative to paper money. Speakers and panelists at the Silver Summit will address all aspects of silver, and will feature the CEOs of the world's leading silver explorers and producers, as well as experts in the silver market. "While it has grown tenfold, we still regard the Silver Summit as a 'mom-and-pop' show, where customer service comes first." says Silver Summit co-founder Shauna Hillman. "After 10 years we know that most of our attendees, and all of our exhibitors, by their first names. You couldn't find better people to hang out with at the West's most historic mining hotel for several days of networking, nitpicking, camaraderie, and knowledge. It's where the giants of silver mining, exploration, and investing let their hair down and speak as equals." Casey Research's Jeff Clark, CPM Group's Jeff Christian, silver guru David Morgan, Dr. Michael Berry, and Sprott Asset Management's Eric Sprott will headline this year's Silver Summit, along with a host of newsletter writers and analysts who cover the silver markets. As always, admission to the Silver Summit costs 1 ounce of .999 silver or fiat paper money equivalent convertible to $40 U.S. dollars. Attendance, and rooms, are limited. For a special Silver Summit room rate at the Davenport or one of its affiliates, please contact the hotel directly at 1-800-899-1482 or visit their website. For further information, please visit the Silver Summit's website, or contact Shauna Hillman at 208-556-1621 or Cambridge House at 877-363-3356. 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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| Seth Lipsky: The gold standard goes mainstream Posted: 29 Aug 2012 08:04 PM PDT In the ferment within today's Republican Party, there's a growing realization that America's system of fiat money is part of the economic problem. By Seth Lipsky http://online.wsj.com/article/SB1000087239639044491490457761938321878884... An under-reported development of this campaign season is the Republican Party's decision this week to send Gov. Mitt Romney into the presidential race on a platform effectively calling for a new gold commission. The realization that America's system of fiat money is part of its economic problem is moving from the fringes of political discussion to the center. This is a sharp contrast from the last time a gold commission was convened, in 1981, a decade after President Nixon abandoned the Bretton Woods system and opened the era of a fiat dollar. The 1981 commission recommended against restoring a gold basis to the dollar. But two members—Congressman Ron Paul and businessman-scholar Lewis Lehrman—dissented and outlined the case for gold. The new platform doesn't use the word "gold," describing the 1981 United States Gold Commission as looking at a "metallic basis" for the dollar. But the metal was gold, and the new platform calls for a similar commission to investigate ways "to set a fixed value for the dollar." ... Dispatch continues below ... ADVERTISEMENT GoldMoney adds Toronto vaulting option In addition to its precious metals storage facilities in Hong Kong, Switzerland, and the United Kingdom, GoldMoney customers now can store their gold and silver in a high-security vault operated by Brink's in Toronto, Ontario, Canada. GoldMoney also has recently partnered with Rhenus Freight Logistics to offer another gold storage option in Switzerland. The Rhenus vault is in the secured zone of Zurich Airport and offers customers superb security as well as the ability to inspect their gold. Storage at the new vaults in Canada and Switzerland is available at GoldMoney's lowest fees. Customers can select their storage location when placing their buy order. GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults. It's easy to open an account, add funds, and liquidate your investment. For more information, visit: http://www.goldmoney.com/?gmrefcode=gata What has stayed with me from 1981—I covered the commission as a young editorial writer for this newspaper—is how momentum for a new gold standard faded amid the successes of the supply-side revolution. President Reagan pushed through his tax reductions and Federal Reserve Chairman Paul Volcker maintained tight money. Inflation was defeated. The value of the dollar, which had sunk below 1/800th of an ounce of gold during President Carter's last year in office, soared. The 1981 commission was also stacked against a gold-backed dollar from the start. The ruling philosophy was monetarism—which, as propounded by Milton Friedman, seeks to keep prices steady by adjusting the money supply. The commission's executive director was Anna Schwartz, co-author of Friedman's "Monetary History of the United States," and the Democratic-controlled House held firm to monetarist orthodoxy. Today things have changed. Both Friedman and Schwartz died as heroes of capitalism and freedom, but monetarism lacks the sway it once had. Even Friedman before he died seemed to adjust his thinking on using the quantity of money as a target. Schwartz predicted that monetary instability would be a breeding ground for a restoration for the role of gold. In the ferment within today's Republican Party, the gold standard has become almost the centrist position. On the left would be those who favor a system of discretionary activism in which brilliant technocrats, such as Ben Bernanke at the Fed, use their judgment in setting interest rates. A bit to their right would be advocates of a rule, such as John Taylor's rule linking interest rates to various conditions, or one that requires the Fed to target the price of gold but stops short of defining the dollar in terms of specie. In the center would be advocates of a classical gold standard, in which a dollar is defined as a fixed amount of gold. These include, among others, Mr. Lehrman, James Grant of Grant's Interest Rate Observer, publisher Steve Forbes, economist Judy Shelton, and Sean Fieler of the American Principles Project. A bit further to the right would be partisans of the Austrian school of economics, including Rep. Paul. He advocates less for a gold standard than for an idea of Friedrich Hayek, the Nobel laureate who came to favor what he called the denationalization of money and a system centered on private coinage and currency that would compete with government-issued money. Further right are purists such as the radical constitutionalist Edwin Vieira Jr., who would simply price things in weights of gold or silver. A good bit of overlap exists among the camps, but Congress has come alive to all points on this spectrum. Rep. Kevin Brady, a Texas Republican who is vice chairman of the Joint Economic Committee, is seeking to pass the Sound Dollar Act, which would end the Fed's mandate to keep unemployment down, instead having the central bank focus only on stable prices. Rep. Paul is pressing the Free Competition in Currency Act, which would end legal tender and put Hayek's ideas into practice. In the Senate, Jim DeMint, Mike Lee and Rand Paul are offering the Sound Money Promotion Act, which would remove the tax on the appreciation in the value of gold and silver coins that have been declared legal tender by the federal or a state government. Utah has already made gold and silver coins legal tender in the state. Then there is Mr. Romney. In Paul Ryan he chose a running mate who understands the idea of sound money. In June 2010, as chairman of the House Budget Committee, Mr. Ryan asked Mr. Bernanke what he made of record-high prices of gold. (The value of the dollar had just slid to below 1/1,200th of an ounce of gold; it has since plunged to below 1/1,600th of an ounce.) "I don't fully understand the movements in the gold price," Mr. Bernanke replied. He confessed his belief that some people were hedging "against the fact that they view many other investments as being risky and hard to predict at this point." No wonder the eventual House bill to audit the Fed passed with overwhelming bipartisan support. This is the context in which Mr. Romney last week moved so pointedly to distance himself from a suggestion by one of his advisers, Glenn Hubbard, that Mr. Bernanke should be considered for another term. Mr. Romney made clear that he would be looking for a new Fed chairman, an important signal from a candidate who has made some mistakes—such as suggesting that monetary policy should be kept away from Congress. In fact, it is precisely to Congress that the Constitution (in Article 1, Section 8) grants the power to coin money and regulate the value thereof. The New York Sun, the online paper I edit, has warned that a gold commission could prove to be the graveyard for sound money—on the principle that if one wants to bury an idea, one need but name a commission. But it's possible that a well-conceived and well-staffed gold commission could actually sort out the debate. It's no small thing that Mr. Romney's platform calls for a gold commission and an audit of the Fed. The last Republican to run on a platform calling for a dollar "on a fully convertible gold basis" was Dwight Eisenhower, who cast the promise aside once in office. That's a strategic misstep for Mr. Romney, should he win in November, to avoid. ----- Mr. Lipsky is editor of the New York Sun. The recipient in April of a grant in the form of a lifetime achievement award from the Lehrman Institute, he is writing a book on the constitutional dollar, forthcoming from Basic Books. 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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| Federal Reserve To Crash Markets Before Launching QE3? Posted: 29 Aug 2012 08:00 PM PDT from ETFDailyNews.com:
Dominique de Kevelioc de Bailleul: Desperate to print Wiemar-style to fight off the most viscous Kondratiev Winter on record, Federal Reserve Chairman Ben Bernanke may not satisfy 'inflation trade' onlookers at the close of his Jackson Hole speech scheduled Friday. He may, instead, merely allow months of anticipatory front-running of stocks do the work of propping up asset prices for him. Get my next ALERT 100% FREE And if investors don't get the 'all-systems go' at Jackson Hole, there's always the FOMC meeting of Sept. 12 & 13 to get the good news. That's when "With the equity market pricing in a significant chance of QE3, stock prices are no longer as useful a signal to Fed officials. Should the Fed disappoint at its September policy meeting, the risk of a stock sell-off is high," Bank of America Merrill Lynch analysts wrote in a note to clients, Aug. 21.
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| The Gold Price Gave Up $6.70 Today Gold Remains in Primary Uptrend and Will Usually Resolve Upside Posted: 29 Aug 2012 05:19 PM PDT Gold Price Close Today : 1659.80 Change : -6.70 or -0.40% Silver Price Close Today : 30.837 Change : -0.038 or -0.12% Gold Silver Ratio Today : 53.825 Change : -0.151 or -0.28% Silver Gold Ratio Today : 0.01858 Change : 0.000052 or 0.28% Platinum Price Close Today : 1516.60 Change : 0.10 or 0.01% Palladium Price Close Today : 630.55 Change : -4.85 or -0.76% S&P 500 : 1,410.49 Change : 1.19 or 0.08% Dow In GOLD$ : $163.25 Change : $ 0.73 or 0.45% Dow in GOLD oz : 7.897 Change : 0.035 or 0.45% Dow in SILVER oz : 425.06 Change : 0.67 or 0.16% Dow Industrial : 13,107.48 Change : 4.49 or 0.03% US Dollar Index : 81.56 Change : 0.185 or 0.23% I saw something new in the silver and GOLD PRICE charts today. Gold gave up $6.70 today to end at $1,659.80 while silver lost only 3.8 cents to 3083.7c. Silver's last three days' lows have been 3055c, 3058c, and 3059c. Clearly, 3055c has drawn its line in the sand. But here's what I saw new in the 4-month silver chart: a pennant. At least, it's a pennant until it proves it's not a pennant by falling down out of the formation. Pennants and flags work about the same way. They spurt up and sketch a flagpole, trade sideways a few days, then spurt up again, usually the same distance as the first rise, hence the saying, "Flags always fly at half mast." The SILVER PRICE formation is a pennant, barely above its 200 DMA (3044c) and bumping against the downtrend line (about 3100c). If silver doesn't drop below 3044, maybe 3025c, then it's a flag and another upside jump looms. If it falls lower than 3025c, that gainsays the flag and sends silver back toward its breakout point at 2820c. If this is a pennant, silver has its sights on 3445c. The GOLD PRICE formation is more a flag, with slightly lower lows, bounded above by the downtrend line (from the 2011 highs). If this is a flag, gold will reach for $1,740. If not, it will fall toward the $1,625 breakout point. And I don't know which it is, flag, pennant, or exhaustion, any more than a hog knows what a sidesaddle is for. Market will just have to tell us. Here's a hint, though: GOLD and SILVER are in a primary uptrend (bull market) and since they are primarily trending upwards, bull markets usually resolve to the upside, especially after they spent a year or more in a correction. But what do I know? I'm nothing but a natural born fool from Tennessee, and ain't never wore pointy-toe shoe like them Wall Street fellers and central bankers a day in my life. If I wasn't a plumb fool, I wouldn't put myself up against Great Ones like them. Why, I'd jes' do what they tell me and let them steal my land and pick my pocket as much as they wanted, 'cause they're my Betters. It sez so in their Bible. Me, I've worn out three Bibles trying to find that part, but it has clean eee-scaped me. The Great Ones Who Will Save Us did nothing much today. Many of TGOWWSU are meeting at Jackson Hole, where our own American Criminal Central Banker, Bandit Ben, will speak on Friday. Ooooo -- just before a 3 day weekend. Not good, as the Great Ones like to slam their traps shut -- the traps that catch us -- before 3 day weekends. That warning aside, what can Ben the Bloviator in fact say? More "we're thinking about inflating, but we're also thinking about not inflating"? Nothing worth hearing. Central bankers are like cockroaches. It's not so much what they steal and carry off as what they fall into and mess up that bothers you. Thinking about that US dollar index, I looked at it another way. Up 18.5 basis points today, down 29.8 yesterday, up 11.3 day before, up 19.5 before that, down 14.9 day before. Think of letting steam out of an overheated boiler -- bleed it off a bit at a time. Look at the chart for the last 6 weeks, since the dollar's high at 84.10, and you will see that controlled fall. Nice Government Men in action. Euro fiddled again at $1.2600 resistance. Dropped 0.29% to $1.2529, but is trying to break through that $1.2600. Friend pointed out to me a half-completed upside down head and shoulders reversal pattern in the euro. May be. Yen is bouncing like a pin ball between the downtrend line and its 20 DMA. Dropped today 0.23% to 127.09c (Y78.68). I can't imagine the Japanese NGM really like this, or will accept it long term. They need a lower yen. I apologize: I posted the wrong closes for the Dow and S&P500 yesterday, but wasn't off much. Sorry. Stocks today rose without conviction, unable to retain the day's gains and closing nearly unchanged. Dow gains 4.49% (0.03%) to 13,107.48 and the S&P500 raced right along, up 1.19 (0.08%) to 1,410.49. Both indices remain stalled in their rising wedge formations, biding time until they collapse again. Closes below 1,400 and 13,000 suck them down like the Great Maelstrom, Moskstraumen. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com 1-888-218-9226 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. No, I don't. 
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| Guest Post: Boom and Bust - The Evolution Of Markets Through Monetary Policy Posted: 29 Aug 2012 05:18 PM PDT Via Nicholas Bucheleres of NJB Deflator blog,
Over the past two decades, the United States has seen prosperous levels of income and asset price growth. With real GDP climbing steadily and the Dow Jones having more than tripled since the mid-90s, most would say that the US merely hit a road bump in 2007. And that road bump just happened to be an extremely over-leveraged financial sector that was so desperate to reap profits that they traded peoples' lives on the sketchy asset-backed securities (ABS) derivatives market. But you can't blame a dog for chewing through the sofa, blame the person who let the dog inside the house: the US Federal Reserve. The outcome of the next round of monetary policy will be similar to those in recent history: we will continue to set higher highs in equity markets, but asset prices and the nominal economy will continue to outpace the real economy until we see structural reforms addressed over liquidity provision. It does not appear that will be the case for a while, though. Consumer confidence is so low around the world that unless further easing is pursued, the bottom very well could fall out of the global economy. Until then, there is no ceiling to money printing and central bank financial engineering.
Welcome to the 21st century.
The outcome of the next round of monetary policy will be similar to those in recent history mentioned in this paper...
From the beginning of boom and bust finance to a Fed-led evolution in crisis reaction, and from monetary transmission mechanisms to why the middle class is struggling, the following thesis provides much food for thought
Boom and Bust-Evolution of Markets
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| The Math Behind Italy's 28,000 "Cash For Gold" Outlets Posted: 29 Aug 2012 03:59 PM PDT Via Mike Krieger of Liberty Blitzkrieg blog, A couple of weeks ago I wrote about how the Portuguese citizenry was being forced to sell its gold in order to eat. It seems that the Italians have now joined this illustrious club. I mean what do you expect when you allow Goldman Sachs to impose technocrat dictator Mario "Three Card" Monti as your political leader? Here are some excerpts from an article in The Globe and Mail:
So people are barely surviving based on the gold passed down from generation to generation, yet the mainstream media here in the U.S. continues to mock gold constantly. Got it. How about this last line from the article:
That's not just gold being exported, that is wealth being exported. China says thanks. At least you protected your bankster class from taking a hit on their bond portfolios. Meanwhile, this whole theme fits in perfectly with an article from The Telegraph yesterday with the fitting title "Unilever Sees 'Return to Poverty' in Europe." That article begins with:
Then we find out that Unilever will market to Europeans like they do to Indonesians:
Once again, at least the banksters got bailed out at 100 cents on the dollar. No wonder the elites laugh at the sheeple. Read The Globe and Mail article here. Read The Telegraph article here.
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| Posted: 29 Aug 2012 03:57 PM PDT August 29, 2012 [LIST] [*]One, two, three powerful studies behind the "nutraceutical" Patrick Cox can't stop talking about [*]John Paulson tries to talk his fellow hedgies down from dumping their gold... and dumping him [*]Chuck Butler on why the sickly euro still has a healthy glow [*]Another plus for an emerging market that lies "beyond the BRICs" [*]The investing insights of Mike Tyson... new California real estate tales to make your hair stand on end... shirking jury duty and prosecuting Mother Theresa... and more! [/LIST] "The next big step in the nutraceutical story," Patrick Cox wrote last September, "will be the release of clinical data." Almost a year later, it's here. The next big step is nigh. Longtime readers know Patrick's been on the case of a "nutraceutical" -- a dietary supplement -- that can battle many of the diseases that come with aging. Anecdotal evidence is already abundant... including Patrick's own experienc...
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| Catherine Austin Fitts–$2500 Gold Means War 29.Aug.12 Posted: 29 Aug 2012 03:49 PM PDT www.FinancialSurvivalNetwork.com presents Catherine Austin Fitts is in a unique position to understand the machinations and inner workings of the matrix that controls our world. Her extensive experience in Washington and on Wall Street gives her a unique perspective. She's quite concerned about the loss of freedoms we're all suffering and the elite's ruthlessness to keep and maintain power. She believes that freedom seekers need to hit a critical mass of fiver percent of the population or more, for real change to occur. She thinks that you need to tune out the mainstream media to end their influence over you. And she believes that genetically modified food is their effort to lower the world's population. Some of her views are extremely controversial, but no one can argue with her experience or depth of knowledge. Listening to this interview will be time well spent. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets.
This posting includes an audio/video/photo media file: Download Now |
| Jason Hamlin–Bernank-The Wizard Of The Fed Controls Your Wealth And Future — 29.Aug.12 Posted: 29 Aug 2012 03:39 PM PDT www.FinancialSurvivalNetwork.com presents Jason Hamlin, of GoldStockBull.com agrees with FSN that the only way out of this permanent economic sink hole the world finds itself in is a Debt Jubilee. Without getting into the Biblical origins of the concept, man seems to have an inate ability to borrow himself into bankruptcy. It's just human nature. After all, why put off for tomorrow what you can get on credit today. Therefore, any sound economic system must be based upon encouraging savings and discouraging consumer debt. Otherwise, a debt bubble is inevitable and systemic collapse will occur shortly thereafter. How many times must this cycle be repeated before humanity finally learns its lesson? Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets.
This posting includes an audio/video/photo media file: Download Now |
| Firestorms & Currency Twisters Posted: 29 Aug 2012 03:21 PM PDT by Jim Willie CB August 29, 2012 home: Golden Jackass website subscribe: Hat Trick Letter Jim Willie CB, editor of the "HAT TRICK LETTER" Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy. Begin with a preface to a meaningful event that could change the entire US landscape, a redux of what happened four years ago. Consider the ne...
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| Breakout Move In Silver Forecasting Global Hyper-Inflation Posted: 29 Aug 2012 03:14 PM PDT Turmoil in Peru, Mexico, Argentina and Bolivia is adding to the world's already existing shortage of silver. This supply crunch is combined with rising political uncertainty in Egypt, Syria and Iran and economic malaise in the EU and the United States which is causing investment demand for silver to rise exponentially. China is flexing its muscles in the South China Seas and is covertly importing silver to hedge against major declines in the U.S. dollar. Recently we called a major top in treasuries in late July and a breakout move into silver for several weeks.
All signs are pointing to a possible global inflation which could propel silver prices higher possibly from a ration of 60:1 to 30:1 in a relatively short time. This happened before in August 2010 right before Jackson Hole when we called the major breakout which occurred where silver ran from $18 to $50. Click here to see prediction.We called the top in April 2011 close to $50 and were quoted in Marketwatch: "Silver has rallied, moving exponentially, while gold is still moving linear," said Jeb Handwerger, editor of GoldStockTrades.com, in recent newsletters. "I am very concerned that silver may be overheating as the herd tries to force their way into this trade." See the marketwatch article from April of 2011 by clicking here… We have record deficits in the U.S. where many citizens are looking to protect their savings from a potential devaluation to pay down record debts by buying silver. With the recent Obamacare Supreme Court Ruling entitlement spending will soar and the governments only way out is through a massive stimulus which may be discussed this Friday at the Annual Fed Meeting in Jackson Hole. Now is the right time to sign up for my free 30 day trial to hear about nascent and exciting silver companies by clicking here…
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| Posted: 29 Aug 2012 02:57 PM PDT August 17 2012 Mogambo Guru Because I really am, personally, the Ultra-Famous Mogambo (UFM) who thinks he's famous, who thinks he knows everything about everything economic, and is quite arrogant about it in an unpleasant, sneering way, people think they can ask me questions about things I know nothing about, yet get a correct answer. Weird. Sometimes, though, they luck out by asking me a question where I, for some unknown reason, actually know the answer! Like, just this morning at breakfast, when my wife asked me "Okay, UFM who thinks he's so hot, do you know that you are supposed to eat with your damned mouth closed so it doesn't disgust the other people around you?", and I correctly answered "Yes." I am suddenly and proudly hitting one-for-one when my son immediately asked me the question "And did you know that, besides eating like a pig with your mouth open, you are insane about how the Federal Reserve and the other central banks of the world are creating so much excess money that it will destroy the world with inflation and ruination, just like it has destroyed every other currency and economy in the history of the world that had a government so abysmally stupid that it actually allows the Federal Reserve to do this kind of suicidal crap?" I gotta tell ya, I was impressed! Astonished! So, I said to him "Yes and yes! Very, very good, my darling son!" His face beamed in self-satisfaction. I was the proud father at last! Of course, the cynical, suspicious part of me wanted to ask him "Did you just extemporize that because you really understand it, or did you memorize it so as to impress me for some nefarious reason, you sneaky little bastard?" On the other hand, I get questions that I can't answer, such as those about technical analysis, and I admit that I am no longer a trader, zooming in and out of investment positions, long or short, to make a profit. Now showing so little interest in it, and handicapped by being naturally stupid, I am, admittedly, not up-to-speed on any of these newfangled analyses, using calculus on obscure derived equations and running in a computer language that I do not understand. Or even recognize what in the hell they are talking about, for that matter! Hahaha! My current blah attitude towards charting the markets is because I discovered that it is virtually impossible to consistently make money, or make any money at all, trading any market, especially using just yesterday's price and volume data, as per the usual technical analysis. It was a memorable lesson that I learned The Hard Way (THW), which seems to be the only way I ever learn anything, usually with painful, deep emotional scars, a seething, angry bitterness, an unhealthy fixation on revenge with muttering under my breath, and (in this case) tax-loss carry-forwards. The revelation (to me, anyway) was made obvious when, one day, I suddenly said "Hey! Where did all my money go?" and realized, in a moment of transcendent enlightenment, that traders, like me, have no chance. Alas. The market-makers, and the exchanges themselves, are allowed to make a guaranteed profit (with government assistance, if need be!). Governments make "profits" with taxes and fees. A lot of middlemen make a profit just passing things along. And the buy-and-hold investors make a profit when they are on the right side of a long trend, although they, too, will be, alas, wiped out in The Long Run (TLR) by the inflation in consumer prices and the deflation in asset prices caused by such insanity in expanding the money supply. Then, there, standing alone and frightened, abandoned out in the cold wilderness, feeling helpless and angry at being lied to, manipulated and cheated, are the only people left to pay all of these people. The traders. Me. Maybe you. I realized that since investing is, in the macro sense, a zero-sum game, traders' nominal losses will exactly equal the nominal gains made by all those other people, and the profits made by many more people, too, when considering all the people I did not even count, such as, oh, I dunno, back-office people. Consultants. Advisors. Banks. Crooks. The usual opportunists who swarm wherever money is located. You know; other people. Lots of them. But sometimes the enticement to trade seems too much to resist. The bond market, for instance! Bonds, thanks to all the money being pumped out by the Federal Reserve et al, are now priced at astronomical price levels to produce yields that are at ludicrous, laughable, historical lows! It's just So Freaking Obvious (SFO) that THIS ain't a-gonna last! I can see that you are suspicious of my analysis, so I will postpone asking you for $5,000,000 in start-up money, in cash, in small unmarked, non-sequential bills, to, you know, kind of "get the ball rolling", and instead provide you with an illuminating example of why I am entranced by the idea of shorting bonds. Suppose that interest rates are 6%. The theoretical market price for a $1,000 bond paying 6% is therefore $1,000. So what is the theoretical price of a $1,000 bond with a 6% coupon when interest rates are 0.1%, which is close to zero (the result of massive, monstrous monetary inflation running at an astronomical 9% of GDP while actual, non-manipulated consumer-price inflation is running at over 10%, which is the very, VERY weird and scary situation today, meaning that bonds are ridiculously mis-priced)? The bond is worth, almost unbelievably, $60,000. Big difference, huh? So what is the theoretical price for that same $1,000 bond yielding 6% when interest rates are at 10%? A paltry $600. With my usual aplomb and Supreme Mogambo Arrogance (SMA), I am 100% certain that I am perfectly, absolutely correct that price inflation will soar because of all of this over-creation of money and credit by the damnable banks. I am likewise 100% certain, with quarts of SMA oozing from every pore of my body, that interest rates will soar, too, and thus the prices of the bonds will collapse as their yields are forced higher to make them more attractive to reluctant bond buyers who will be horrified to see roaring price inflation everywhere. If bonds behave classically, as they usually do (until now) and things go exactly to plan, as they usually don't, traders should now sell-short a bond, getting the whopping $60,000, paying out that meager $60 per year interest payment, and then a year later, when interest rates have soared to 10% -- and probably more! -- like they should, acting in response to the horrible monetary and price inflations all around him or her, the trader would close the short position by buying the bond for $600, making gross nominal profit of $59,400, less expenses. Nice work! On the other hand, this entails a lot of risk, which I hate because I am a gutless little coward who remembers, with each precious dollar laid out, how I had to earn each and every dollar of that money by slaving as a lowly lickspittle piece of employee crap whose bosses were all morons for not recognizing my obvious genius, and (judging by my annual employee evaluations) for expecting too much of me in the first place, morons. At least things got better when I got to be a lowly lickspittle piece of self-employed crap, where things were a lot better because I was never again suffered daily stress because of threats to fire me just because of being barely qualified, my obvious incompetence or my lazy, worthless attitude, which I think comes from my natural stupidity. And the risk with bonds is very, very real, too, as the Federal Reserve has repeatedly demonstrated the power, and they repeatedly demonstrated the odious inclination, to keep pounding interest rates down and down by creating more and more money and credit, regardless of the inflation in consumer prices it caused! In the movie, if there is one, this is where the camera cuts to a close-up of my face as I, McCauley Culkin-like, slap my own cheek in disbelief, my mouth and eyes open wide and my eyebrows rise in terrible surprise, and I say "Un-freaking-believable!" or "We're Freaking Doomed (WFD)!", I haven't decided which. And actually, unbelievably, despicably and tragically, the Federal Reserve, under the dysfunctional thrall of the satanic Ben Bernanke, is trying, for the first time in history, to literally create inflation in prices to achieve some "target "rate of price inflation of more than 2% a year! Gaaahhhh! No wonder I say "Un-freaking-believable!" or "We're Freaking Doomed (WFD)!", I haven't decided which! And where does the money go? To buy the flood of new Treasury bonds, of course! And so bond prices go up and up, simply by the Federal Reserve creating a LOT of new money which the despicable and treacherous Obama administration desperately needs for its suicidal deficit-spending madness), driving bond prices up and the yield down. In which case a short-seller of a bond would get financially slaughtered as each halving of the interest rate, under the deluge of a flood of money, doubles the market price of the shorted bond. Yikes! And there is no telling (as in thick, choking smoke is blinding you, everything is burning in a searing fire, and people are running around in flames, screaming into your disoriented ears) what will happen if the Federal Reserve, as is rumored, actually achieves negative interest rates! Wow! So, assuming that you are, like me, a Gutless Cringing Coward (GCC), you prefer investments that succeed over the long-term, like gold and silver, as evidenced by 4,500 years (or more!) of history, instead of investments that have always failed, which is mostly everything else over the long-haul, but especially things such as government promises of real, inflation-adjusted repayment of a loan ( a BIG loser!), and partial ownership of, or be owed money by, some dumb-ass, highly-indebted mis-managed company totally dependent upon dumb-ass, highly-indebted people who have no jobs and are underwater on their mortgages watching food and energy prices continually going up and up, faster and faster, all to finance a huge excess of inflated final demand for goods and/or services. If you are a GCC who also is, like me, just in it for the money and you are looking for Big Beautiful Real Profits (BBRP) without doing any work, doing any thinking or taking any risk, then I suggest that you merely get into your car, take a drive to some place that sells gold and silver, and buy some of each. Then, do the same thing next week. Then the week after that. Over and over, week after week. So what could be (by virtue of 4,500 years of history) more obvious? And what (by virtue of taking a pleasant drive with the radio playing and honking the horn at pretty girls) could be so easy? And so what can one say except "Whee! This investing stuff is easy! And obvious! Whee again!"? 
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| Gold Seeker Closing Report: Gold and Silver Fall Slightly Posted: 29 Aug 2012 02:39 PM PDT Gold edged up to $1669.83 in Asia before it fell back to $1653.02 by late morning in New York and then bounced back higher midday, but it then fell back off again in late trade and ended with a loss of 0.67%. Silver slipped to as low as $30.55 before it also rallied back higher at times, but it still ended with a loss of 0.58%.
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| Posted: 29 Aug 2012 01:57 PM PDT So, it seems to me pretty clear that September is going to offer the markets with a series of events that have the potential to be market movers. Given the strong seasonal tendency for gold and silver to rally at this time of year, I see gold as having enough reasons at this time for you to be bullish.
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| Will Expert David Morgan Call the Bottom on the Metals Market Again? Posted: 29 Aug 2012 01:55 PM PDT David Morgan, editor of The Morgan Report, expects gold to top $1,800/oz and silver to top $40/oz by the end of the year and both to take off from there. In this exclusive interview with The Gold Report, Morgan shares the logic behind his predictions.
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| Grandich Client Geologix Explorations Posted: 29 Aug 2012 01:51 PM PDT The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio! August 29, 2012 09:35 AM Geologix Explorations *announced today the commencement of a 30 hole, 4,250 meter drill program aimed at testing five newly identified prospective zones (Target Areas 1 through 5) as outlined through the Company's recently reported geophysical and surface sampling programs at its Tepal project in Mexico. The Company indicated that additional holes could be added to extend the program if warranted by initial assay results. Having topped up its till earlier this month with the closing of a $2.5M non-brokered private placement, the Company is certainly well financed to do so. Today's release reported that drilling had started within the Tepal project's Target Area #3, where the Company recently reported a high concentration of elevated gold and silver values, including individual sample assays up to 6.88 grams per tonne (&...
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| Posted: 29 Aug 2012 01:43 PM PDT Just what do those bridges and windows on Euro banknotes mean...? So in trying to match ancient Rome's monetary reach, the Euro is running pretty much neck-and-neck with the almighty Dollar. Read More...
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| Recent Rally in Silver - A Sign of Strength or a Mere Correction? Posted: 29 Aug 2012 01:31 PM PDT In its latest Gold Demand Trends report, the World Gold Council reports that gold buying by the world's Central Banks hit a new record of 157.5 tons, more than double the level of Q2 2011 and accounting for 16% of overall global demand. Read More...
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Barack Obama has destroyed the future of America in order to improve his chances of winning the next election. Under Obama, 5.3 trillion dollars has been ruthlessly stolen from our children and our grandchildren. That money has been used to pump up the debt-fueled false prosperity that we have been experiencing. When the U.S. government borrows money that it does not have from someone else (such as China) and spends that money into the economy it is going to make our economic numbers look better. Even if the government spends that money on incredibly stupid things, it still gets into the hands of average Americans who in turn spend that money on food, gas, clothes, etc. If we were to go back and take that extra 5.3 trillion dollars out of the U.S. economy, I guarantee you that we would be in a rip-roaring depression right now. We would look 
Jason Hamlin, of GoldStockBull.com agrees with FSN that the only way out of this permanent economic sink hole the world finds itself in is a Debt Jubilee. Without getting into the Biblical origins of the concept, man seems to have an inate ability to borrow himself into bankruptcy. It's just human nature. After all, why put off for tomorrow what you can get on credit today. Therefore, any sound economic system must be based upon encouraging savings and discouraging consumer debt. Otherwise, a debt bubble is inevitable and systemic collapse will occur shortly thereafter. How many times must this cycle be repeated before humanity finally learns its lesson?
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