Gold World News Flash |
- How to Buy Silver Online
- A Real Shocker: Gold Dinar - Islam and Future of Money
- The Fed Has Another $3.9 Trillion In QE To Go (At Least)
- Silver Smashed to $33.50 As 16.5 MILLION Paper Ounces Dumped on Market in 5 Minutes
- We've Reached the Point of NO RETURN… There's Only ONE Way This Can End: CURRENCY COLLAPSE
- The Running Of the Bulls Special QE3 Gold Report 9.23.2012
- Back Ben Bernanke's QE3 with a clothes peg on your nose
- Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
- Silver Smashed to $33.50 As 16.5 Million Ounces of Paper Silver Dumped on Market in 5 Minutes
- $500 Billion For Six Months: Senate Funding Bill Continues War & Welfare
- Gold and Silver Update
- The U.S. Dollar is Reaching Key Support Lines
- GGR Subscribers – Chart Updates Completed - Examples
- Greece Caught Underreporting Its Budget Deficit By Nearly 50%
- Safeguards can spot fake gold bars
- The Best Way to Cash in on Silver’s Next Run-Up
- How to Play Apple on the Cheap, Buy A Ferrari for 15 Cents on the Dollar
- “Gold: Adjusting for Zero”
- Bernanke QE to infinity Sacrificing the U.S. Dollar
- OIL STILL IN THE DRIVERS SEAT
- Education After the Collapse: School When There Is No Classroom
- In The News Today
- More fake gold scandalizes New York dealers
- QE3 Another Fed Give Away to the Banks
- The Fiat Currency Cyclone Gathers
- Perfect analogy for Fed and QE program that essentially tries to ‘hold it [inflaiton] in' until it can't and bond prices collapse (while interest rates skyrocket).
- Autumn Gold, Blue Gold & Yellow Caution
| Posted: 24 Sep 2012 12:00 AM PDT Goldsilver
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| A Real Shocker: Gold Dinar - Islam and Future of Money Posted: 24 Sep 2012 12:00 AM PDT Charleston Voice
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| The Fed Has Another $3.9 Trillion In QE To Go (At Least) Posted: 23 Sep 2012 11:35 PM PDT from Zero Hedge:
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| Silver Smashed to $33.50 As 16.5 MILLION Paper Ounces Dumped on Market in 5 Minutes Posted: 23 Sep 2012 11:13 PM PDT from Silver Doctors:
A miniature replica of the May 2nd, 2011 drive by shooting was just completed, as silver was knocked down the proverbial mine-shaft moments ago, dropping nearly a dollar in nano-seconds on Monday's Asian open. Volume data indicates that 3,297 contracts, or 16.5 million paper ounces of silver were dumped on the market in a mere 5 minutes between 9:00 and 9:05pm EST.
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| We've Reached the Point of NO RETURN… There's Only ONE Way This Can End: CURRENCY COLLAPSE Posted: 23 Sep 2012 09:40 PM PDT
Andy Hoffman of Miles Franklin joins us to discuss the end game for the United States and the world's reserve currency, the dollar. What the FED announced on September 12th has launched AmeriKa on a fascist path of destruction from which it may never recover. In Part 2 we cover QE3 in detail, ECB Bond buying and the massive troubles of Japan. We also talk about Max Keiser's prediction that a total global financial collapse will occur no later than April 2013.
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| The Running Of the Bulls Special QE3 Gold Report 9.23.2012 Posted: 23 Sep 2012 09:30 PM PDT from Gary Wagner: The trading activity in gold put a magnificent end to an already solid week in gold prices. A new six-month high of 1790 was hit intraday in the December contract of Comex gold. Cash gold also reached a new high as it traded above 1788 per ounce. Considering the recent move of about 12% in gold prices since its low, traders have been on a phenomenal ride to say the least. Of course, the wheels were set in motion by statements made by the Federal Reserve that a new round of quantitative easing simply called QE3 would be implemented as an open ended program. The fact that the Federal Reserve will be purchasing $40 billion on a monthly basis in assets is significant and signals an extended rally in the precious metals markets. Add to that the European Central Bank's announcement of not only monetary policy but a steadfast commitment to support the euro plus recent moves by the Bank of Japan purchasing bonds and you have the makings of a sustained rally. It is my current belief that we will continue to see higher prices in both gold and silver, although I do also expect some sort of corrective pullback at some unexpected moment.
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| Back Ben Bernanke's QE3 with a clothes peg on your nose Posted: 23 Sep 2012 09:00 PM PDT Monetarists from across the world can mostly agree on one thing. The US Federal Reserve caused the Great Recession. by Ambrose Evans-Pritchard, The Telegraph:
Fed chair Ben Bernanke kept policy far too tight after the US economy buckled in early to mid 2008. He allowed a collapse in the money supply to run unchecked, causing avoidable disasters at Fannie, Freddie, Lehman, and AIG later that year. Call it the "Bernanke Depression" if you want, a term gaining traction in elite circles. The indictment is a little unfair. The European Central Bank was worse. It raised rates into a deflationary oil shock in August 2008, and worsened a run on the dollar that constrained Fed actions.
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| Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan Posted: 23 Sep 2012 08:46 PM PDT from Zero Hedge:
As is to be expected, the Post story is weak on details: after all, any dealer who admits to having allowed Tungsten to enter his or her inventory can kiss their retail business goodbye, as customers will avoid said Tungsten outlet like the plague, for the simple reason that suddenly counterparty risk has migrated from Wall Street to the Diamond District. The one named dealer is the same one who already made an appearance in the previous story on Tungsten in gold's clothing.
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| Silver Smashed to $33.50 As 16.5 Million Ounces of Paper Silver Dumped on Market in 5 Minutes Posted: 23 Sep 2012 08:08 PM PDT Apparently Blythe's monkey's are burning the Sunday midnight oil in order to prevent silver clearing $36 and triggering JPM's rumored silver derivative losses. A miniature replica of the May 2nd, 2011 drive by shooting was just completed, as silver was … Continue reading
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| $500 Billion For Six Months: Senate Funding Bill Continues War & Welfare Posted: 23 Sep 2012 07:30 PM PDT from Silver Vigilante:
The corporate-owned parties in the US have more to lose in an election year than gain by being stubborn stalwarts of their own agendas. Unlike the fiasco of 2011, in which the fiscal cliff seemed like an edge over which the ship of state would certainly fall, in 2012 the overstretched US budget was not suspended, as both military projects and welfare programs are set to continue. Senate lawmakers voted to approve half-a-trillion bill to finance the federal government for six months from October 1. Rand Paul had earlier slowed passage of the funding bill after the US Senate easily overcame a preliminary procedural hurdle on the $500 billion bill Paul introduced a measure cutting aid to Pakistan, Egypt and Libya. Not only did all Democratic lawmakers in the Senate oppose Paul's proposal, but so too did many of his own party, including John McCain and Lindsey Graham of South Carolina. In a tight election year, neither party wants to appear to radical or be blamed for not working together with the other party. Neither party wanted to make an already stressed population more nervous and hurt their chances in the election.
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| Posted: 23 Sep 2012 06:07 PM PDT Nothing has changed -- Precious Metals bullmarket continues and is moving step by step closer to the final parabolic phase (could start in 2013 and last for 2-3 years or maybe later) ... Read More...
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| The U.S. Dollar is Reaching Key Support Lines Posted: 23 Sep 2012 04:10 PM PDT The bearish economic cycle that started in 2000 is still unfolding, and if history repeats itself, this cycle is expected to continue for 13-17 years. The Fed has said it many times: The U.S. economy is still under performing ... Read More...
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| GGR Subscribers – Chart Updates Completed - Examples Posted: 23 Sep 2012 03:42 PM PDT HOUSTON – Vultures (Got Gold Report Subscribers) please log in to the password protected GGR Subscriber Pages and take note of the new commentary in the Welcome Section regarding the Got Gold Report chart updates for this week, all 15 of which were completed today, Sunday, September 23. The very large, unusual changes in the positioning of the largest traders of COMEX gold and silver futures this week, as well as the record high 58,518-contract net long position for the smaller traders of gold futures, are topics we look at directly in comments inserted into the various charts this week. We first called attention to the unusual changes in our DCOT update here on the blog Friday afternoon. (See that post here.) As a courtesy to our blog readership, below we are reproducing a greatly reduced version of one of the GGR Charts (the one-year, daily silver chart) as an example of the resources GGR Subscribers have access to. It is actually a very large chart that fills a computer screen and, of course, Vultures have access to the full-sized, legible version at all times.
In addition to the technical tracking charts for gold, silver, mining shares indexes and important ratios we use to make our own trading decisions, we also share usually between 30 and 40 charts of the various small resource-related companies and indexes we attempt to game here at Got Gold Report. Those charts include the issues we have chosen as fully fledged Vulture Bargains (VBs) as well as the guru-chosen issues we have taken more than a passing interest in, but have not yet named them as VBs. We call those issues Vulture Bargain Candidates of Interest (VBCIs). We keep a kind of running commentary in comments added to those charts in our own "shorthand notes," as Vultures already know. About monthly we also update all of the fully fledged Vulture Bargain issues in a private report to Subscribers we call the "Vulture Bargain Roundup Update." That special "VB" monthly report is shared only with GGR Subscribers via email and archived on the Subscriber Pages so they are always accessible. From time to time we also issue special reports to name new Vulture Bargains or to describe important changes in existing VBs. One example of those special reports is attached as a PDF. ( Download 20120911-Notes for update Sep CHU.) (Channel Resources (CHU.V) named as a fully fledged VB.) Below the silver chart is another greatly reduced image of one of the VBCI charts for the GGR curious and/or interested. For subscription information just use the Subscribe to GGR link near the upper right corner of every GGR web page. We'd be proud to have you aboard. Finally, Vultures have access to all of our GGR videos, which are always* shared first with subscribers, and occasionally shared with the public on our YouTube channel after an appropriate delay – so that paying subscribers receive access to them first, with time to act before the public has access to them. Below the VBCI chart is a link to the most recent video we shared with the public, from late August. That is all for now. *** GGR Chart for Silver, 1-year, Daily, greatly reduced from its original size to fit in this format. Vultures have access to the full-sized version. Our Public YouTube Hub is here, but remember GGR Subscribers always have access to videos first* directly in our own private video section in the GGR Subscriber pages. Disclosure: Members of the GGR team hold long positions in Comstock Metals (CSL.V or CMMMF), as well as in Northern Tiger Resources (NTR.V or NTGSF), which, in addition to its 3-Ace and Sprogge prospects for which drill results are imminent, NTR holds a block of claims (Korat claims) completely surrounded by Comstock's Yukon "QV" claims. Disclosure: Channel Resources is a Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team are actively accumulating and may hold long positions in CHU.V. *Except for videos intended for immediate public access once in a while, which we share both in our private video section and on the GGRPrivate hub linked above.
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| Greece Caught Underreporting Its Budget Deficit By Nearly 50% Posted: 23 Sep 2012 03:25 PM PDT There was a time about a year ago, before the second Greek bailout was formalized and the haircut on its domestic-law private sector bonds (first 50%, ultimately 80%, soon to be 100%) was yet to be documented, when it was in Greece's interest to misrepresent its economy as being worse than it was in reality. Things got so bad that the former head of the Greek Statistics Bureau Elstat, also a former IMF employee, faced life in prison if convicted of doing precisely this. A year later, the tables have turned, now that Germany is virtually convinced that Europe can pull a Lehman and let Greece leave the Eurozone, and is merely looking for a pretext to sever all ties with the country, whose only benefit for Europe is to be a seller of islands at Blue Aegean water Special prices to assorted Goldman bankers (at least until it renationalizes them back in a few short years). So a year later we are back to a more normal data fudging dynamic, one in which Greece, whose July unemployment soared by one whole percentage point, will do everything in its power to underrepresent its soaring budget deficit. Case in point, on Friday the Finance Ministry proudly announced its budget deficit for the first eight months was "just" €12.5 billion, versus a target of €15.2 billion, leading some to wonder how it was possible that a country that has suffered terminal economic collapse, and in which the tax collectors have now joined everyone in striking and thus not collecting any tax revenue, could have a better than expected budget deficit. Turns out the answer was quite simple. According to Spiegel, Greece was lying about everything all along, and instead of a €12.5 billion deficit, the real revenue shortfall is nearly double this, or €20 billion, a number which will hardly incentivize anyone in Germany to give Greece the benefit of another delay, let along a third bailout as is now speculated. To quote Greg House: "Everybody lies" From Spiegel:
What is well-known is that for all intents and purposes Greece has already stopped trying:
But at what cost? Already 8000 people in Athens alone have to resort to soup kitchens to find some food in a country in which there are virtually no opportunities left to make a living. Sure enough, in a world in which no politician has any credibility left, it took Greece a few short hours to issue its canned response to the allegation that it has been making up numbers all along... as usual. Per Dow Jones:
Now we just need two more denials to have no doubt that every number out of that particular economic basked case is a lie. Which we don't now. Don't forget: this is what the Greek Finance Ministry looks like:
And the kicker of course is that as reported on Friday, Europe is now desperate to not rock the boat ahead of the Obama reelection, because as Reuters reported all of Europe wants to give Obama a second term. Which makes sense: in a world of wealth redistribution, it will be only fair that America, which has taken the place of China as the world's growth dynamo, and where fund flows out of Europe have pushed the S&P to a few percentage point shy of all time highs, will repay its reelection debt to Europe for avoiding reality as long as possible, by "sharing" US taxpayer funding, from those who for one reason or another still pay taxes, with its European proletariat cousins and bailout all of Europe's insolvent countries on Uncle Sam's tab yet again, starting just after November 6, 2012. Because it's only "fair."
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| Safeguards can spot fake gold bars Posted: 23 Sep 2012 12:30 PM PDT 2:15p ET Sunday, September 23, 2012 Dear Friend of GATA and Gold: With gold-plated tungsten bars making another appearance this week, (http://www.gata.org/node/11767), it's time to call attention again to the safeguards used by the best gold dealers to avoid getting cheated and to avoid cheating their customers. In March the Perth Mint's Bron Suchecki wrote about these safeguards, particularly ultrasonic testing, in an essay GATA reported about: Suchecki's essay remains posted at the Perth Mint's Internet site here: http://www.perthmintbullion.com/us/blog/blog/12-03-26/Fake_Bars_-_The_Fa... GoldMoney's standard includes ultrasonic testing, which is described in both text and a video here: http://www.goldmoney.com/gold-testing.html Jim Sinclair notes that stories about fake bars could be used as disinformation to discourage gold investors. All the more reason to refuse to be discouraged and to be informed about your vendor. CHRIS POWELL, Secretary/Treasurer 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 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 Intercepts Best Pt+Pd+Au Grades Yet Company Press Release VANCOUVER, British Columbia -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) announces more results of its 2012 drill program on the company's fully-owned Wellgreen platinum group metals, nickel, and copper project in southwestern Yukon Territory, Canada. Four surface holes and four underground holes all intercepted significant mineralized widths, ranging from 28.5 meters (WS12-201) and up to 459.5 metres (WS12-193). Highlights include WU12-540, which returned 8.9 metres of 5.36 grams per tonne platinum, palladium, and gold; 1.73 percent copper; and 1.01 percent nickel within 304.5 meters of 0.66 g/t platinum-palladium-gold, 0.20 percent copper, and 0.27 percent nickel. The surface drill program started in June and has completed 16 holes (assays pending for 12 holes) with two rigs now on site. The surface program continues to progress at a steady pace. Prophecy Chairman John Lee commented: "Wellgreen is a very large nickel, copper, and platinum group metals project with near-surface high-grade zones. High-grade intercepts will be incorporated into resource modeling and mine planning in the pre-feasibility study. We expect further positive drill results from Wellgreen shortly." Wellgreen features a low 2.59-to-1 strip ratio, is situated at an altitude of 1,300 meters, and is only 15 kilometers from the two-lane paved Alaska Highway. Those factors significantly minimize the project's indirect costs. For the complete company statement with full tabulation of the drilling results, please visit: http://prophecyplat.com/news_2012_sep11_prophecy_platinum_drill_results....
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| The Best Way to Cash in on Silver’s Next Run-Up Posted: 23 Sep 2012 12:01 PM PDT Mike Kapsch writes: Over the past 10 years, silver prices have jumped an astounding 630%. In comparison, gold prices have risen 450%. However, unlike gold, after hitting a 30-year high in April of last year, silver prices dropped 45% to $26.25 in June.
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| How to Play Apple on the Cheap, Buy A Ferrari for 15 Cents on the Dollar Posted: 23 Sep 2012 11:58 AM PDT David Eller writes: If you could buy a Ferrari for 15 cents on the dollar, you would, right? How about if you could trade a high-value stock for a fraction of its selling price? Well… you can. And it’s not terribly difficult… But first, let me briefly explain why you should be focusing on exactly these types of high-value stocks in the weeks ahead.
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| Posted: 23 Sep 2012 11:54 AM PDT Germany Eyes Gold Standard Deutsche Bank's report is "Gold: Adjusting for Zero." It reckons we're in a situation that is "Zero for growth, yield, velocity and confidence." It says: "We believe there are nearly zero real options available to global … Continue reading
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| Bernanke QE to infinity Sacrificing the U.S. Dollar Posted: 23 Sep 2012 11:41 AM PDT For those that remember there is a great film called The Ten Commandments and a classic line by Yul Brynner “So it is written so it shall be done” On the 13th September Ben Bernanke did something that will likely go down in history, I won’t bore readers any further with the details suffice to say “So it is written so it shall be done”.
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| Posted: 23 Sep 2012 11:15 AM PDT We will continue to watch the oil cycle next week as it is driving all other asset markets. As I pointed out in my last article, the rally in stocks, commodities, and gold are on hold until the oil cycle bottoms. Oil did form a swing low on Friday, but I think there is probably one more leg down before the cycle forms a final intermediate bottom. If oil does have another leg down next week, that has the potential to cause the stock market to break lower out of the volatility coil that it has formed. As most of you probably remember the initial break out of a volatility coil ends up being a false move about 70% of the time. The initial break is soon followed by a more powerful and durable move in the opposite direction. In this case, a move down would form a stretched daily cycle low, which would be followed by, presumably, another move to new highs next month, and on into the election. A further decline in oil would probably mean more upside for the bear flag forming on the dollar index, and presumably the dip down into a daily cycle low for gold that I noted in my prior post (although I wouldn't rule out one more attempt to tag the $1800 resistance level on Monday or Tuesday first).  Note that the above charts are only intended to illustrate trajectory not actual targets.       
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| Education After the Collapse: School When There Is No Classroom Posted: 23 Sep 2012 09:48 AM PDT  "The Obama administration's hypocrisy and utter lack of respect for the religious beliefs of Americans has reached an all-time high," Mr. Grimm explained. "Perhaps they've forgotten the controversy that surrounded this deplorable piece depicting a crucifix submerged in the artist's urine." View Mr. Grimm's full missive below: "The Obama administration's hypocrisy and utter lack of respect for the religious beliefs of Americans has reached an all-time high. Our own government has just launched on-air ads in Pakistan apologizing for the anti-Islam video that has sparked unrest throughout the region. Earlier, they asked YouTube to take down the trailer to the controversial film, a request which was denied. "Now as the controversial 'Piss Christ' art exhibit makes its return to NYC, the administration remains silent. Perhaps they've forgotten the controversy that surrounded this deplorable piece depicting a crucifix submerged in the artist's urine. It outraged Christians in America and throughout the world as the touring exhibit was met with protests and acts of vandalism. Read more..... 
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| Posted: 23 Sep 2012 09:16 AM PDT My Dear Friends, You can be absolutely sure the 7 touches capping sells at $1775 were for the purpose of accumulation. Our newly created trillionaire banksters will be long of cash gold in their own depositories. Gold is going to $3500 and beyond much, much, much faster than it took to get to go Continue reading In The News Today
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| More fake gold scandalizes New York dealers Posted: 23 Sep 2012 08:49 AM PDT Fake Gold Hits NYC Diamond District Finds 10 Tungsten-Filled Bars By Michal Gray http://www.nypost.com/p/news/business/fake_gold_hits_nyc_ECXVP5WQOvYwMVT... Federal agents are investigating the peddling of bogus gold bars in Midtown. The Post has learned as many as 10 fake gold bars -- made up mostly of relatively worthless tungsten -- were sold recently to unsuspecting dealers in Manhattan's Midtown Diamond District. The price of gold has risen more than 600 percent since January 2000, while the S&P 500 index is down 0.6 percent over the same period. The 10-ounce gold bars are hugely popular with Main Street investors, and it is not known how many of the fake gold bars were sold to dealers -- or if any fake bars were purchased by the public. ... Dispatch continues below ... 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/. One gold dealer discovered that four of the 3-inch-by-1-inch gold bars he bought, worth about $72,000 retail, were counterfeit. "It has the entire street on edge," said Ibrahim Fadl, 62, who has been the owner of Express Metal Refining, a Midtown gold-refinery business, for the last 11 years. "I and the others on the street work off of trust. Now that trust is strained." Fadl, a Columbia University graduate with a master's degree in chemical engineering who has more than 40 years in the industry, purchased the four fake bars from a well-known Russian salesman with whom he has done business. A second 47th Street refiner who wished to remain anonymous said he was burned recently when he bought six gold bars that turned out to be mostly tungsten, with just a gold veneer. He would not comment, though, on who sold him the bogus bars. Fadl became suspicious when he offered the salesman a deep discount for the investment-grade gold bars and he quickly accepted it, a source tells The Post. Fadl said he did his due diligence "by X-raying the bars to ascertain the purity of the gold and weighing the bars, and the Swiss markings were perfect." Tungsten is an industrial metal that weighs nearly the same as gold but costs a little over $1 an ounce. Gold closed Friday at $1,774.80 an ounce. To quell his suspicion, Fadl then drilled into the bar and discovered the tungsten -- whose silver color is distinctive from gold's bright yellow hue. Raymond Nassim, CEO of Manfra, Tordell & Brookes, the American arm of the Swiss firm that created the original gold bars -- with their serial number and purity rating stamped clearly into them -- said he reported the situation to the U.S. Secret Service, whose jurisdiction covers the counterfeiting of gold bars. He said his company "is supporting and cooperating with authorities any way we can." Nassim thought the culprit must be a professionally trained jeweler to have pulled off the caper. The forger had to slice the original bar along the side, hollow out the gold and insert the tungsten ingot, and then reseal and polish the bar, Nassim said. At an industry dinner Thursday night hosted by Comex, the New York-based metals exchange, the room was abuzz with talk about the bogus gold bars, according to Fadl. Numerous calls to the Secret Service were not returned. 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:
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| QE3 Another Fed Give Away to the Banks Posted: 23 Sep 2012 07:35 AM PDT Shoveling money to the banks not meant to create jobs, it's a way to give banks even more speculative capital and prepare them for another meltdown HUDSON: QE3 was basically a program for the Federal Reserve to give money to … Continue reading
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| The Fiat Currency Cyclone Gathers Posted: 23 Sep 2012 06:35 AM PDT The present experience of the United States and Europe from the abuse of fiat money has been a recurring drama for millennia. Kingdoms, the reign of pharaohs, oligarchies, dictatorships, republics and empires have imploded from within largely due to discredited money. The Western Roman Empire fell a thousand years earlier than the Byzantine Romans by debasing the silver content of coinage to fund military adventures. The debasement of the pound helped the sun set across the British Empire. In the last century national fiat currencies have drown in hyperinflation in Germany, Italy, Yugoslavia, Hungary, Zimbabwe and Argentina (three times) to name the ones that come to mind to a Westerner.
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| Posted: 23 Sep 2012 06:23 AM PDT Lady Urinates, Proceeds to Take Shower on Subway
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| Autumn Gold, Blue Gold & Yellow Caution Posted: 23 Sep 2012 06:10 AM PDT In mid September, the fallfoliage season begins. This is when Colorado's famous aspen leaves change to a brilliantyellow-gold. Hundreds of groves of slender white barked aspen trees cover theslopes in Rocky Mountain National Parkamid a majestic evergreen forest. Their luminescent leaves shimmer and quake tothe slightest breeze and their golden colors are a beautiful introduction tothe autumn season. [CENTER] Blue Gold [/CENTER] During this travel, I was struck by thesevere drought conditions while dodging numerous forest fires in the travelareas. In particular, at Blue Mesa Reservoir in Colorado, the water level was down 75%. The most important resource on the planetis water or "blue gold" and no one is really addressing this severe problem, particularly in the western states. [B]The competition forblue gold can only get worse unless there is relief from [COLOR=#e06666]El Nino (currently neutral but with prospects improving). [/COLOR][/B] Inthis connection, a water ETF [COL...
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Some wonder why we have been so convinced that no matter what happens, that the Fed will have no choice but to continue pushing the monetary easing pedal to the metal. It is actually no secret: we explained the logic for the first time back in March of this year with "
Apparently Blythe's monkey's are burning the Sunday midnight oil in order to prevent silver clearing $36 and triggering JPM's rumored silver derivative losses.
A few days ago, 
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