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• on how branded gold & diamond jewellery is attracting Indian buyers
• Gold mining promises big boost for Ethiopias development
• The Miners Have Outperformed Gold And Silver; 3 Stocks That May Outperform Platinum
• Gold, Silver, Platinum And Palladium - Which Is A Better Investment?
• Gold imports dip 18.4% to Rs 71,912 crore in April-June
• The Collapse & the Ultimate Quadruple Top Breakout for Silver
• 4 High Yield, High Margin, Low Debt Small And Mid Cap Dividend Stocks
• 3 Best Performing Small Cap Growth ETFs
• 7 Profitable Small Cap Stocks That Analysts Rate As Strong Buys
• Strain in silver nanoparticles creates unusual twinning
• Multinational Blues
• Jackson Hole Puts Gold on Hold, But New US Money-Printing "Not Yet Priced In"
• Gold and Silver Market morning, August 30
• Gold Option Trade Most Bullish Since October 2008
• Bullion on Hold with Money-Printing 'Not Yet Priced In'
• Will David Morgan Call the Bottom on Metals Again?
• Gold Smuggling Raises Its Head Again in India
• Eric Sprott among GATA favorites to address Silver Summit in October
• So How’s This Great Plan Working Out? Detroit.
• 3 Reasons China Has Citizens Own Precious Metals
• September Critical for Gold Investors
• Silver Summit celebrates its 10th
• Links for 2012-08-29 [del.icio.us]
• Angela Merkel in China - China, Germany plan to settle more trade in yuan, euros...
• Euro Gold Technicals Look Near Perfect
• Render Unto Caesar, Part II

on how branded gold & diamond jewellery is attracting Indian buyers Posted: 30 Aug 2012 08:59 AM PDT

Gold mining promises big boost for Ethiopias development Posted: 30 Aug 2012 08:55 AM PDT

The Miners Have Outperformed Gold And Silver; 3 Stocks That May Outperform Platinum Posted: 30 Aug 2012 08:54 AM PDT ByChristopher F. Davis: Those who follow precious metals have likely taken note that gold is trading at a higher price than platinum recently. This is historically very rare and thus suggests to this author that platinum may soon rebound above gold prices. Since the mid 1990s platinum has generally traded 50% to 100% higher than gold. Right now platinum currently trades at $1516 an ounce whereas gold is now trading at $1660 an ounce. Although platinum is up approximately 13% this month, I think the current run up may have just begun. I have thus recommended considering adding physical platinum to your portfolio or investing an ETF such as (PPLT) in addition to owning physical gold and silver or the ETFs (GLD) and (SLV). In both the gold and silver space I have been recommending investing in individual miners as a third-line approach, behind owning physical assets or the GLD and SLV. While Complete Story »

Gold, Silver, Platinum And Palladium - Which Is A Better Investment? Posted: 30 Aug 2012 08:12 AM PDT By Arie Goren: In my previous posts here, here, here and here, I recommended buying gold, silver, platinum and Palladium. However, if you intend to buy just one precious metal at the moment, which one would give a better return? Obviously no one can be sure about any investment, but, like when investing in stocks, it is possible to look for a relatively cheaper precious metal. One way to do that is to compare the current market price of the precious metal with its cash cost of production. World Mine Cost Data Exchange shows the Gold Institute definition of cash operating costs as adopted by most North American gold producers in 1996. These are: Cash Operating Costs: Direct mining expense, smelting, refining and transportation costs. By-product credits. Total Cash Costs: Cash Operating Costs plus Royalties (not-profit based) and Production taxes. Total Production Costs: Total Cash Costs plus Depreciation, Depletion & Amortization, Reclamation & Complete Story »

Gold imports dip 18.4% to Rs 71,912 crore in April-June Posted: 30 Aug 2012 07:49 AM PDT

The Collapse & the Ultimate Quadruple Top Breakout for Silver Posted: 30 Aug 2012 07:36 AM PDT Andy Hoffman

4 High Yield, High Margin, Low Debt Small And Mid Cap Dividend Stocks Posted: 30 Aug 2012 07:25 AM PDT By ZetaKap: Dividends that offer very high yields are attractive in themselves. But when these companies are also commanding strong profits it provides further evidence that there is solid management at the helm. When the profits and dividend yields are strong, it adds up to a reliable investment that provides income. In addition, our list of very high yielders all have minimal debt. We think you will find our list quite interesting. The Operating Profit Margin is a profitability ratio that measures the effectiveness of the company's operating efficiency. This metric allows investors to see how much profit is left after all variable costs are covered. If the company's margin is increasing over time this means that it's earning more per dollar of sales. Finding trends in the Operating Profit Margin helps investors identify companies that are improving profitability over time and managing the economic landscape better than competitors. The Net Margin Complete Story »

3 Best Performing Small Cap Growth ETFs Posted: 30 Aug 2012 07:16 AM PDT By Zacks Investment Research: The ongoing chaos in the domestic and European markets has put pressure on the growth of the global economy, just a few short years after the collapse of the market in 2008. Still, in an uncertain economic scenario, small cap growth funds are shining and outperforming their large and mid-cap counterparts. Small Caps in Focus These securities tend to have less correlation with the macroeconomic trends and offer investors a great opportunity to tap into a local economic performance. This makes these securities perfect for today's environment, in which the American economy is arguably leading the way higher, despite the global turmoil (read: Guide to Small Cap Emerging Market ETFs). Furthermore, since these companies are so small, they have a much easier time growing than their already tapped out large cap counterparts. This trend is expected to continue in the remainder of 2012 and into 2013, especially if emerging markets Complete Story »

7 Profitable Small Cap Stocks That Analysts Rate As Strong Buys Posted: 30 Aug 2012 07:08 AM PDT By ZetaKap: If you are an investor who thrives on growth opportunities, it can be a helpful practice to review small cap stocks from a variety of sectors and compare data. This can be helpful in introducing you to unfamiliar companies that may offer goods or services that pique your interest. Today we pulled together a list of small cap sized companies that have two common traits: strong profits and a recent 'Strong Buy' rating from industry analysts. Profitability is a critical factor when considering small cap sized stocks. When a company is generating substantial earnings it points to solid management that has an eye on the bottom line. We think you will enjoy reviewing these small cap stocks and making your own assessment. The Net Margin is a profitability metric that illustrates, by percentage, how much of every dollar earned gets turned into a bottom line profit. This is just one Complete Story »

Strain in silver nanoparticles creates unusual twinning Posted: 30 Aug 2012 06:23 AM PDT

Multinational Blues Posted: 30 Aug 2012 06:18 AM PDT Thurs Aug 30th – Yesterday's trading confirmed a new and interesting dynamic – accelerated rotation out of multinational blue chips and high quality yield plays, to the mild benefit of small caps. Consistent weakness showed up in emerging market equities, large-scale Dow components, and other equity names with significant exposure to global slowdown fears. This was exemplified by the weak action in emerging markets (as shown via EEM below, which we are still short), and in another one of our global bellwether shorts, United Parcel Service (UPS). CLICK TO ENLARGE High quality blue chips with a multinational profile were the flavor du jour for a good stretch of time, causing institutional money managers to pile in. The thinking was that, with the US down in the dumps, and the dollar weakening, the place to be was making profits in harder currencies other than dollars and benefiting from exposure to ROW (the rest of the world). This thesis had the benefit of favoring large, strong, financial-fortress-balance-sheet type companies as a bonus. But now we are seeing that logic reverse as the United States looks increasingly like "the best house in a bad neighborhood" and various emerging markets struggle. Europe is headed toward recession regardless of how the bailout drama plays out, China's hard landing looks more assured with each passing day, and the U.S. economy is a relatively stable bright spot in a world of gloom. Put all this together with the fact that multinational blue chip yield plays were overcrowded, and you get a natural rebalancing effect. Bernanke's Jackson Hole speech on Friday is the major factor on everyone's mind. Increasingly the odds favor a "nothing done," in which no type of policy is signaled, as BB would prefer not to turn Jackson Hole into a high expectation "signaling event." Dr. Ed Yardeni has made the case that open-ended QE3 could be announced, but that possibility has to be viewed as a serious outlier, the equivalent of hitting a gutshot 4-outer on the river for bulls. We have been mostly quiet this week, but are adding a number of blue chip short candidates to Thursday's roster to exploit the dynamic as described above. To check out what we're doing in real time, join us on the Live Feed. NEWS FLOW July consumer spending posts strongest rise in five months | Reuters More evidence of two things: 1) The Fed has good reason to hold off on stimulus, as the U.S. economy is still on a weak recovery trend (as growing housing evidence also confirms), and 2) equity rotation could begin favoring U.S. domestic plays (which are going to be naturally oriented to small caps) via the dynamic described in today's notes. Copper Demand in China Seen Growing at Slowest Pace in 15 Years – Bloomberg China's official PMI seen hitting 9-month low in August | Reuters Baosteel Profits Fall 53% – Business Insider No Shelter From China's Export Storm – WSJ.com China Says Payment Delays, Defaults May Worsen Could China's data deluge be any worse? The next hail mary hope is stimulus… China State Researcher: Local Investment Plans Largely Symbolic Credit crisis in China's richest province Zhejiang – Telegraph Doh! Poor in India Starve as Politicians Steal $14.5 Billion of Food – Bloomberg Soybean Worries Spur Asian Buying – WSJ.com There should be a special place in hell (metaphorically speaking) for politicians who will steal directly from the starving. Unfortunately, if the global food crisis worsens – and right now we are seeing clear signs that it will – America will shoulder some of that blame too, via grossly wasteful ethanol subsidy policies that burn up food in gas tanks for the sake of connected political interest even as the less fortunate around the world starve. Japan Faces Costs of Closing Reactors – NYTimes.com G-7 Calls for Lift In Oil Production – WSJ.com Widely eyed U.S. energy data seen providing false readings | Reuters The global energy story is in flux thanks to the new United States wildcard. The possibility now exists for Uncle Sam to become an energy superpower in his own right, or at least move a lot closer to self sufficiency, via the increasingly astonishing shale boom. All kinds of interesting dynamics to this story in the years to come. And poor Japan looks even worse off, having to deal with the loss of a major energy staple (nuclear) even as demographic crisis looms… High-Frequency Traders Flat-Out Buying Data Ahead of You The story of HFT shops paying big bucks to get sensitive economic data a zillionth of a second faster stirred up some anger, but we think it is a tempest in a teapot. I mean really, who is out there implementing trading strategies that depend on having econ data one hummingbird heartbeat faster than anyone else? If that's you, then you are already in the HFT game and should be colo-equipped as appropriate. If it isn't you, could it possibly matter? The first few seconds of reaction are often a headfake or "rethink" anyway. Donors Invest Millions in Romney for Billions in Returns – Bloomberg Setback Leads Romney to Reinvention – NYTimes.com Why in the world did Julian Robertson want to pay Mitt $30MM a year to be CEO of Tiger? Political connections? Insider clout? CHART NOTES Emerging Markets turning decisively bearish Sharp reversal in base metals SLX, BRXX – ugly No love for Dow stalwarts – INTC, KO hit hard Small caps stronger relative to large caps / int'l We are now 100% net short, having closed the second half of our long solar position at a profit. Not opposed to adding more long exposure, but finding little to be excited about. Keep in mind too that, as traders, our net exposure levels can change very quickly and do not necessarily reflect an intermediate / long-term bias (though sometimes they do). All real money positions documented and time stamped in the Live Feed. JS (jack@mercenarytrader.com) p.s. Like this article? For more, visit our Knowledge Center! p.p.s. Break the Institutional Barrier - and Substantially Increase Assets Under Management! Access our FREE report to find out how...

Jackson Hole Puts Gold on Hold, But New US Money-Printing "Not Yet Priced In" Posted: 30 Aug 2012 06:15 AM PDT

Gold and Silver Market morning, August 30 Posted: 30 Aug 2012 06:14 AM PDT

Gold Option Trade Most Bullish Since October 2008 Posted: 30 Aug 2012 05:27 AM PDT Gold is mostly unchanged as investors gear up for the US Fed chairman, Ben Bernanke's speech tomorrow. Market participants are focused again on the short term and the silly "will he, won't he?" debate re Bernanke at the Jackson Hole symposium.

Bullion on Hold with Money-Printing 'Not Yet Priced In' Posted: 30 Aug 2012 05:03 AM PDT Wholesale-market prices to buy gold retreated Thursday morning in London, ticking back towards yesterday's one-week low at $1,653 per ounce as world stock markets also fell.

Will David Morgan Call the Bottom on Metals Again? Posted: 30 Aug 2012 03:52 AM PDT The 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 interview he shares the logic behind his predictions and identifies several companies set to benefit.

Gold Smuggling Raises Its Head Again in India Posted: 30 Aug 2012 03:15 AM PDT ¤ Yesterday in Gold and Silver The gold price didn't do a thing on Wednesday until about ten minutes after the equity markets opened in New York yesterday morning.  Then, in the space of an hour, about eighteen bucks got peeled off the gold price. The low of the day [$1,651.30 spot] was in at 10:40 a.m. Eastern time...and from there the price recovered about ten bucks of that drop.  But fifteen minutes after the Comex close, another bout of selling took place in the electronic market that carved six bucks off that particular rally...and from there gold traded flat into the close. Gold closed the Wednesday session in New York at $1,656.10 spot...down $10.50 on the day.  Volume was around 125,000 contracts and, like yesterday, the vast majority of that would have been of the high-frequency trading variety. Silver's four attempts to break through the $31 spot price on Wednesday ended the same way as every other attempt this week.  Silver's New York high came shortly after 9:00 a.m. Eastern time...when the price printed $31.06 spot...and after that, the silver price followed precisely the same pattern as the gold price. Silver finished the day at $30.73 spot...down 17 cents.  There was massive roll-over volume yesterday...but net volume was only around 2,500 contracts.  The rest of the contract holders in the September delivery month in silver that aren't standing for delivery, have to be out by the end of trading today.  The CME should have First Day Delivery notices posted on their website later this evening. The dollar index opened around 81.35...and chopped its way to a close around 81.55...up about twenty basis points on the day.  Nothing to see here...and certainly nothing that influenced the precious metal prices at any point during yesterday's trading session. The gold stocks pretty much followed the gold price action...and the HUI chart between 9:30 a.m. and 4:00 p.m. Eastern time, looked identical to the gold price chart.  The HUI finished down 1.26%. With the odd exception, all the silver stocks finished well into the red yesterday...and Nick Laird's Silver Sentiment Index closed down 1.54%. (Click on image to enlarge) The CME's Daily Delivery Report showed that 15 gold contracts were posted for delivery on Friday...and that should be it for the August delivery month in gold.  If there are any contracts left, it will only be a small handful...and they will be dealt with tonight and tomorrow.  The last of the August silver deliveries were done today. There were no reported changes in either GLD or SLV yesterday. The U.S. Mint had a decent sales report on Wednesday.  The sold 9,000 ounces of gold eagles...2,500 one-ounce 24K gold buffaloes...and 399,000 silver eagles. The Comex-approved depositories did not receive any silver on Tuesday...and shipped 300,239 troy ounces of the stuff out the door.  The link to that activity is here. Here's gold's seasonal chart.  This chart has been around in one form or another for more than ten years...and this one was sent to me by reader 'Steve from New Mexico'.  One has to wonder what it would look like if the price of gold wasn't being managed. (Click on image to enlarge) I have the usual number of stories again today...and the second story is the biggest read of the bunch. Email Print In the grand scheme of things, not much has changed in any of the precious metals all week long. Seth Lipsky: The gold standard goes mainstream. Agnico Eagle CEO Warns Gold to Hit $3,000 on Supply Concerns. Canadian PM's chief of staff accused of ethical breach involving Barrick Gold. ¤ Critical Reads Subscribe James Grant Says Fed Needs to Get Out of Business of Central Planning James Grant, publisher of Grant's Interest Rate Observer, appeared on "Bloomberg Surveillance" with Tom Keene and Sara Eisen on Thursday morning and said that the Federal Reserve needs to "get out of the business of central planning." Of the stock market, Grant said, "I think we live in a hall of mirrors in finance thanks to the zero interest rate regime and the chronic nonstop interventions. We do not know exactly where we are." Grant also said that he "would like to see the Fed admit it can't do what it promises to do" at the Jackson Hole Economic Symposium this week. "It needs to get out of the central planning business. The Fed was organized in 1914 and opened its doors to conduct a more or less traditional central banking business, meaning it would lend against good collateral to solvent institutions in times of cyclical or seasonal need. It would defend and protect the gold dollar. That was all that its original remit contained. fast forward many decades, and we see the Fed in the business of steering, guiding, manipulating the economy, financial markets, the yield curve. It manipulates and pegs interest rates. It is all over the joint doing what failed in the old eastern bloc." This Bloomberg story, along with the imbedded video clip, was posted over at the safehaven.com Internet site yesterday...and I thank Roy Stephens for his first offering of the day.  It's definitely worth your time...and the link is here. View full GSD edition Greed and Debt: The True Story of Mitt Romney and Bain Capital The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn't stand for anything. He's a flip-flopper, they say, a lightweight, a cardboard opportunist who'll say anything to get elected. The critics couldn't be more wrong. Mitt Romney is no tissue-paper man. He's closer to being a revolutionary, a backward-world version of Che or Trotsky, with tweezed nostrils instead of a beard, a half-Windsor instead of a leather jerkin. His legendary flip-flops aren't the lies of a bumbling opportunist – they're the confident prevarications of a man untroubled by misleading the nonbeliever in pursuit of a single, all-consuming goal. Romney has a vision, and he's trying for something big: We've just been too slow to sort out what it is, just as we've been slow to grasp the roots of the radical economic changes that have swept the country in the last generation. This very long read by Matt Taibbi was posted on the Rolling Stone Internet site early Wednesday morning...and is also contained in the September 13, 2012 issue of Rolling Stone magazine.  I thank Australian reader Wesley Legrand for sending it along...and the link is here. View full GSD edition U.S. states' debt tops $4 trillion-report America's 50 state governments owe $4.19 trillion, including outstanding bonds, unfunded pension commitments and budget gaps, according to a new report. At $617.6 billion, California had by far the biggest total debt, more than twice the total of No. 2, New York, with $300.1 billion owed, according to State Budget Solutions, a research and non-partisan advocacy group. Texas, with $287 billion owed, New Jersey, with $282.4 billion, and Illinois, with $271.1 billion, ranked next among states with the biggest total debt, according to State Budget Solutions. Vermont had the smallest debt load at $5.85 billion. This Reuters story was posted on their in.reuters.com Internet site late on Tuesday evening India Standard Time...and I thank West Virginia reader Elliot Simon for bringing it to our attention.  The link is here. View full GSD edition Silicon Valley's Boom Creates Shortage of $1 Million Homes The capital of high tech is now the capital of high-priced real estate. Silicon Valley currently leads the nation in the number of homes sold for $1 million or more, according to Realtytrac. Sales of $1 million-plus have more than doubled in many communities in the Valley this year, toppling longtime luxury real-estate leaders like Beverly Hills or Miami. Topping the list is Saratoga, Calif., in Santa Clara County, which had 225 homes sold for $1 million or more. That marked a 162 percent increase over last year. Ranked second was Burlingame, Calif., which had 211 sales of at least $1 million, more than double last year's rate. Cupertino and Los Altos ranked third and fourth in the nation, with 175 homes and 170 homes respectively. This CNBC story was filed on their website yesterday morning Eastern time...and is Elliot Simon's second offering in a row in today's column.  The link is here. View full GSD edition Barclays Faces U.K. Criminal Probe Over Qatar Payments Barclays Plc faces a criminal probe into fees it paid in 2008 to Qatar's sovereign wealth fund as the bank sought to raise money to avoid a government bailout. The Serious Fraud Office, which prosecutes bribery and white-collar crime, told the London-based bank it has "commenced an investigation into payments under certain commercial agreements between Barclays and Qatar Holding LLC," the lender said yesterday in a statement. The investigation is another legal pitfall for Britain's second-biggest lender by assets after it paid U.S. and U.K. authorities a record 290 million pounds ($459 million) in June for manipulating the London interbank offered rate, or Libor, and related interest benchmarks. The case led to the resignations of three top Barclays executives, including Chief Executive Officer Robert Diamond. This story was posted on the Bloomberg Internet site late yesterday afternoon...and it's Elliot's third and final offering in today's column.  The link is here. View full GSD edition Bundesbank President on ECB Bond Purchases: 'Too Close to State Financing via the Money Press' Jens Weidmann, the 44-year-old head of Germany's central bank, has made a name for himself by championing price stability and opposing bond purchases by the European Central Bank. In a SPIEGEL interview, he criticizes the ECB's latest plans and insists he only wants to secure the euro's long-term future. Here he is in a short Q&A session with a reporter from Spiegel ONLINE.  I thank Donald Sinclair for sending it...and the link is here. View full GSD edition Fireball over Bavaria: World War II Bomb Detonated in Heart of Munich Defusing leftover bombs from World War II hidden in the ground beneath German cities has long been routine. The area surrounding the dud is evacuated, experts arrive to defuse the explosive and before long, normality returns. Often, such operations hardly even warrant a mention in the back pages of local newspapers. That, however, was not the situation in Munich on Tuesday night. Unable to defuse a 250 kilogram (550 pound) bomb found buried one meter (three feet) deep at the site of the former bar Schwabinger 7 in the heart of the Bavarian capital, authorities elected to detonate the explosive on site. The controlled blast, finally carried out just before 10 p.m., sent a fireball into the night sky, shattered windows in the vicinity and resulted in several small fires on surrounding rooftops. Nobody was hurt. "Almost all the window panes in the immediate area were destroyed," Diethard Posorski, from the Munich bomb disposal authority, told journalists. A fire department spokesman added: "It looked quite spectacular." This Roy Stephens offering is also from yesterday's edition of spiegel.de...and it's worth reading.  The link to this short story is here. View full GSD edition Hope in the Euro Zone Crisis-Hit Countries May Have Turned the Corner For the past three years, there has been little in the way of good news coming out of Southern Europe. But, on Wednesday, a new German study provided a rare glimpse of hope, suggesting that the crisis-struck countries may finally be turning the corner. The study by the Association of German Chambers of Industry and Commerce (DIHK), commissioned by the Financial Times Deutschland newspaper, showed that the countries in crisis are becoming more competitive, based on two key indicators. According to the study, unit labor costs have fallen significantly in Greece, Ireland and Spain. Labor costs particularly fell in Greece, dropping by about 15 percent since 2010, according to the study. However, all the debt is still there, so it matters little at this point in the game as to how much productivity is improved.  It's like doing an upgrade on the deck chairs on the Titanic. This is another short story from the spiegel.de Internet site...and once again I thank Roy Stephens for sending it our way.  The link is here. View full GSD edition Two stories from the Tehran Times The first is headlined "Iran's oil export surpass 2 million barrels/day".  The second story is entitled " Eric Sprott among GATA favorites to address Silver Summit in October Posted: 30 Aug 2012 03:15 AM PDT Eric Sprott among GATA favorites to address Silver Summit in October 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 rest of Chris Powell's GATA dispatch on the Silver Summit, plus a copy of the press release, is linked here.

So How’s This Great Plan Working Out? Detroit. Posted: 30 Aug 2012 02:52 AM PDT "Americans' drive to rebuild savings and pay down debt may mean the gains from the current mini-boom in mortgage refinancing will accrue over years rather than have a more immediate effect on the U.S. economy." "Aided by record-low interest rates and an expansion of government programs, the value of home loans refinanced this year will rise to $932 billion from $858 billion in 2011, according to projections from the Mortgage Bankers Association. The group's gauge tracking the volume of credit being reworked climbed at the end of July to the highest level in three years." "The typical borrower redoing a $200,000 mortgage last quarter will save about $2,900 in interest over the next year, according to figures from Freddie Mac. Nonetheless, the extra cash may not be spent soon as households continue to focus on repairing finances. 'The initial benefit is not as significant as the large dollar-savings figures would seem to indicate," said Mark Vitner, senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina, a subsidiary of the largest U.S. mortgage lender." "The recent increase in U.S. mortgage refinancing is still well short of the record $2.5 trillion refinanced in 2003 when then-Federal Reserve Chairman Alan Greenspan was also trying to spur a recovery. The Obama administration has made easing the housing slump one of the pillars of its attempt to revive the world's largest economy. The president has touted the $3,000 in yearly savings as one of his accomplishments." "If households are going to save $3,000 a year, I would expect that to make a difference," said Paul Edelstein, director of financial economics at IHS Global Insight in Lexington, Massachusetts. 'The problem is, in the current environment, a lot of that money may get saved or, used to pay down other debt so the effect might be minor. Refinancing's "stimulus is likely to be fairly modest," said Stan Humphries, chief economist for Zillow Inc., the Seattle-based property-data provider." –Cheyenne Hopkins, Bloomberg.net 8-13-12 Editor: Except for bottom-feeding cash buyers taking stuff at 10 cents on the dollar, housing is ruined for one decade. A solid bond market is needed for financing housing debts of all kinds including development, construction and mortgages. The current international debt loads are not payable under any circumstances. The bond market has to crash followed by repudiation of all of this paper. Then, we start over with a clean slate toward prosperity. This posting includes an audio/video/photo media file: Download Now

3 Reasons China Has Citizens Own Precious Metals Posted: 30 Aug 2012 02:31 AM PDT Due to China's huge size, its developing economy is having a growing influence on the global economic system. One commodity that has been particularly strongly affected by Chinese popular demand is silver and other precious metals like gold.

September Critical for Gold Investors Posted: 30 Aug 2012 01:11 AM PDT September promises to be a critical and active month for investors, w/ both ECB and Jackson Hole meetings imminent, not to mention Labor Day, which typically marks the return of investors on holiday during the thin markets in the month of August. We ask Peter Hug of Kitco Metals what he thinks of this, and whether he believes the metals can hold up gains come what may from the highly anticipated fiscal policy meetings. Kitco News, August 29, 2012.

Silver Summit celebrates its 10th Posted: 30 Aug 2012 12:44 AM PDT

Links for 2012-08-29 [del.icio.us] Posted: 30 Aug 2012 12:00 AM PDT I have no idea what's going to happen at Jackson Hole except that the FED will continue to Print Money JIM ROGERS : The BHP Billiton Action is just one of the reasons that the commodity bull market is going to continue for a while Roubini: My Perfect Storm Scenario Is Unfolding Now The Gold Standard Making a Come Back Peter Schiff : The Gold Standard forced the government to responsibly confront irresponsible fiscal policy | GOLD and SILVER MARKET Peter Schiff : The Gold Standard forced the government to responsibly confront irresponsible fiscal policy Bob Chapman : These are the only 4 Gold Stocks I Recommend Bombshell information for Martial Law in America by Steve Quayle and Doug Hagmann | Gerald Celente Trends Blog Bombshell information for Martial Law in America by Steve Quayle and Doug Hagmann The Ultimate Revolution | by Aldous Huxley | Gerald Celente Trends Blog The Ultimate Revolution | by Aldous Huxley Like a Tsunami, Poverty hits Western Europe too | Gerald Celente Trends Blog Like a Tsunami, Poverty hits Western Europe too The Coming New World Order | Gerald Celente Trends Blog The Coming New World Order

Angela Merkel in China - China, Germany plan to settle more trade in yuan, euros... Posted: 29 Aug 2012 11:57 PM PDT http://in.reuters.com/article/2012/0...7JG00D20120830 China, Germany plan to settle more trade in yuan, euros BEIJING | Thu Aug 30, 2012 10:53am IST Aug 30 (Reuters) - Germany and China plan to conduct an increasing amount of their trade in euros and yuan, the two nations said in a joint statement after talks between Chancellor Angela Merkel and Chinese Premier Wen Jiabao in Beijing on Thursday. "Both sides intend to support financial institutions and companies of both countries in the use of the renminbi and euro in bilateral trade and investments," said the text of the statement. It also said that both parties welcomed investments in China's interbank bond market by German banks and supported the settlement of business in the yuan by German and Chinese banks and the issuance of yuan-denominated financial products in Germany.

Euro Gold Technicals Look Near Perfect Posted: 29 Aug 2012 11:37 PM PDT gold.ie

Render Unto Caesar, Part II Posted: 29 Aug 2012 11:27 PM PDT Bullion Vault

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