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Sunday, August 26, 2012

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saveyourassetsfirst3


Buy (Gold) Low And Sell (Stocks) High

Posted: 26 Aug 2012 05:15 AM PDT

By David Urban:

For the past few months, the markets have risen back to highs made earlier this year as traders attempt to front run potential EU and Fed intervention. Federal Reserve Chairman Ben Bernanke and his counterpart ECB Chairman Mario Draghi have used almost every arrow in their quiver in an attempt to juice the markets higher over the summer.

We have been told that the Federal Reserve stands ready to act, the ECB would do whatever it takes, and that the ECB stands ready to enact a policy of unlimited bond purchases and/or sovereign debt yield targeting in an effort to prop up the markets.

The problem with promises of intervention is that once the markets have front run the targeted asset classes there is little left for investors. For example, the S&P 500 (SPY) now trades for 16 times earnings, an expensive multiple when one considers that earnings growth in


Complete Story »

Kinross Gold: A Bargain At $9?

Posted: 26 Aug 2012 03:09 AM PDT

By Mel Daris:

Kinross Gold Corporation (KGC) might be an example of a classic value bargain. It might also be one of the best gold-mining buys in the market today. On August 21, Kinross shares were trading at $8.50 a share, which was up 10% from the previous day. This price increase came in spite of some big problems the little company was having.

The company was forced to seek a $1 billion loan in order to cover rising expenses at its Tasiast project in Mauritania, which is a remote West African nation. Kinross got 100% ownership of the mine when it paid $7.1 billion to acquire Red Back Mining in 2010.

Even though Tasiast is described as Kinross's top development priority and the cornerstone of the company's long-term growth strategy, it is also apparently a sinkhole into which Kinross's cash seems to be disappearing. George Topping, an analyst at Stiefl Nicolaus, estimated


Complete Story »

China Takes Over Africa’s Currencies And Their Hard Assets

Posted: 26 Aug 2012 02:44 AM PDT

Africa Just Says "Nein" To The US Dollar: Time To Go Short The USDZMK And USDGHC?

"Last week we presented the aftermath of the very much unannounced "Conference of Beijing" as a result of which Africa has been slowly but surely converting to a continent controlled almost exclusively by China. However, there was one thing missing: even as China has been virtually the sole source of infrastructure funding in Africa, the continent has long been a legacy dollar preserve, which obviously means Renminbi penetration and replacement would be problematic to say the least.

As it turns out, this too is rapidly changing: as the WSJ reports, Africa is increasingly just saying "Nein" to the USD. "African countries are trying to shoo the U.S. dollar away, even if it means threatening to throw people who use greenbacks in jail. Starting next year, Angola will require oil and gas companies to pay tax revenue and local contracts in kwanza, its currency, rather than dollars. Mozambique wants companies to exchange half of their export earnings for meticais, hoping to pull more of the wealth in vast coal and natural-gas deposits into the domestic economy. And, Ghana is seeking similar ways to reinforce "the primacy of the domestic currency," after the cedi plummeted more than -17% against the dollar in the first six months of this year."-Tyler Durden, 8-13-12 Zerohedge & Barclay's Capital

US Dollar Is Selling Mildly 8-16-12. But, When Euro Crashes Dollar Rises Briefly.


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The Merits Of A Gold Standard Depend On The Details

Posted: 26 Aug 2012 02:33 AM PDT

By Simit Patel:

Gold bugs around the world are discussing the rumors that the Republican party in the US will make a return to the gold standard a part of its platform. Whether or not this is a good thing, though, depends on the details: if it is not properly implemented, it could make things worse. Personally, I'm deeply skeptical any of this will come true, but I think the matter is worth exploring for those interested in the gold market.

First is the question of price: if the US dollar returns to the gold standard, at what price? The good news for those who hold gold and perhaps gold stocks is that the price would be astronomically high. Jim Sinclair's blog on "The Mathematics of Gold" is highly instructive here; the price needs to be a function of US international debt, and the gold the US has will need to go to


Complete Story »

Are The Gold Bulls Back?

Posted: 26 Aug 2012 02:21 AM PDT

By John Nyaradi:

by John Nyaradi

Gold prices are on the rise, but are they here to stay?

After a sharp correction that started last spring, many analysts started to declare that the gold bull was dead, however, in recent days, the "barbarous relic" has made an impressive turn around, jumping approximately 5% since mid-July. What lies ahead for gold depends largely upon what happens in Europe and how the Federal Reserve and European Central Bank deal with the ongoing crises surrounding Greece and Spain.

chart courtesy of StockCharts.com

In the chart of SPDR Gold Trust (GLD) above, we can see that the ETF has recently jumped above its 50 and 200 day moving averages as market participants anticipate a new round of quantitative easing from the Federal Reserve and more easy money from the European Central Bank to stave off the ongoing debt crisis in Europe.

Gold ETFs including the SPDR Gold


Complete Story »

Links for 2012-08-25 [del.icio.us]

Posted: 26 Aug 2012 12:00 AM PDT

Render Unto Caesar, Part I

Posted: 25 Aug 2012 10:00 PM PDT

Bullion Vault

DTS: The Gold Standard and Inflation

Posted: 25 Aug 2012 04:37 PM PDT

The Gold Standard and Inflation
Goldpocalypse: Part One

from daytradeshow:

~TVR

S&T: Basic “How to Buy” Gold & Silver

Posted: 25 Aug 2012 04:36 PM PDT

For those who are new or may need a refresher in how and where to get gold and silver for physical posession. Tips on where to buy, how to buy and how to store with tax implications included.

from mrthriveandsurvive:

~TVR

S7: Silver, Don't trust this rally

Posted: 25 Aug 2012 04:34 PM PDT

Silver, Don't trust this rally.. There are a lot of reasons Not to trust this rally.

from syyenergy7:

~TVR

Scrap: Silver Coin Investing Tips

Posted: 25 Aug 2012 04:30 PM PDT

Tips for investing in silver coins.
from scrapgoldbusiness:

~TVR

Peter Schiff: QE3 and Gold

Posted: 25 Aug 2012 04:28 PM PDT

The Fed readies QE3, Republicans re-consider the Gold Standard

from schiffreport:

~TVR

Paul: Gold & Silver are Legal Tender Now

Posted: 25 Aug 2012 04:26 PM PDT

Ron Paul on CNBC ~ Gold & Silver Is Still Legal Tender

from ronpaulcc2012:

~TVR

Silver Update: Gold Standard 8.24.12

Posted: 25 Aug 2012 04:23 PM PDT

brotherjohnf: Silver Update 8/24/12 Gold Standard

from brotherjohnf:

~TVR

Keiser: Debt Bomb

Posted: 25 Aug 2012 04:22 PM PDT

In this episode, Max Keiser and Stacy Herbert discuss CNBC swooning for Biebanke,' Warren Buffett waving many red flags and tax revenue plummeting in UK after a dose of Georgie Porgie's bubble and fraud pudding. In the second half of the show, Max Keiser talks to Dominic Frisby, resident gold bug at Moneyweek, about debt bombs and the City of London. They also discuss how North Sea oil enabled the big bang and how a property bubble could undo it.

from russiatoday:

~TVR

Moneybags73: Silver and Nancy Graceless

Posted: 25 Aug 2012 04:14 PM PDT

Nancy Graceless tells the Sheeple that Crazy, Lonely, Rich, white guys are the ones buying Silver Bullion.

from moneybags73:

~TVR

Snip: Silver Update

Posted: 25 Aug 2012 04:12 PM PDT

JSniops, Realist News Silver Update

from jsnip4:

~TVR

Peter Schiff 2012 - Silly Blond and her Charts, has never bought Gold

Posted: 25 Aug 2012 02:21 PM PDT

Central banks still leasing gold theyll never recover, Sprott says

Posted: 25 Aug 2012 02:14 PM PDT

SATURDAY, AUGUST 25, 2012 Republican party platform discussing gold standard/Mary Schapiro defeated at SEC with respect to Money Markets/Hilsenrath saves the day by stating the Fed as "Further scope for action" and thus a possible QEIII is forthcoming/Ge

Posted: 25 Aug 2012 12:05 PM PDT

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