saveyourassetsfirst3 |
- Marc Faber Warns: Store Your Gold Overseas
- QE Lessons: Fiat Grows On Trees - Gold Does Not
- Argonaut Gold, Bravada agree to Wind Mountain option
- Corvus Gold’s JV Partner Reports Positive Drill Results at West Pogo Project, Alaska
- Huldra Arranges $6.75-million private placement
- Riverstone Acquires Outstanding Interest in Liguidi Property
- All Signs Are Now Pointing to Gold
- Arab Spring and Oil Prices
- Fantasy Island
- HFT Algo Music Sings to the Stock Market
- Another Tough Day In America: Criminals Rewarded, Heroes Jailed, Dollar Destroyed
- Gold & Silver Will Smash Through All-Time Highs
- Kevin Warsh about the Fed
- QE Lessons: Fiat Grows On Trees – Gold Does Not
- New Innovations Boost Silver Demand, But Could Price be Taken Down Again?
- Bullion Slides 'On Profit Taking' with 'Bullish Momentum'
- For Gold Investors the Best of All Possible Worlds
- Move by FOMC
- GEAB N°67 is angekommen! Okt. 2012 - Die Weltwirtschaft wird von einem Schwarzen Loch geschluckt und die internationalen Spannungen erreichen einen Höhepunkt: Die 7 Schlüsselfaktoren eines Doppelschocks, wie wir ihn noch nie erleben mussten
- All Doors Wide Open for Higher Gold and Silver Prices
- Gold and Silver Market morning, September 18 2012
- Max Keiser: The Ultimate QE3 Meltdown
- Silver Update: More Financial Repression 9.17.12
- SilverFuturist: Bill Still and Gold
- How Likely is a New Gold Standard?
- Alasdair Macleod: A new gold standard?
| Marc Faber Warns: Store Your Gold Overseas Posted: 18 Sep 2012 12:27 PM PDT By CommodityHQ: By Jared Cummans Marc "Dr. Doom" Faber has become quite well-known not only for his bold predictions, but for his investment prowess, as he effectively predicted and navigated the current financial fiasco. Along with the fact that he feels our nation as a 100% chance of entering another recession, the doctor has yet another warning for investors out there; don't store your gold in the United States. "You ought to own some gold but don't store it in the U.S., the Fed will take it away from you one day" said Faber, referring to what he feels will be an inevitable gold confiscation part deux. Gold has gobbled up the headlines in the past few days as the asset surged upon the announcement of QE3. This third round of quantitative easing will be the most aggressive and possible to most damaging yet. Bernanke and company have agreed to purchase $40 Complete Story » | |||||||||||||||||||||||||
| QE Lessons: Fiat Grows On Trees - Gold Does Not Posted: 18 Sep 2012 09:55 AM PDT gold.ie | |||||||||||||||||||||||||
| Argonaut Gold, Bravada agree to Wind Mountain option Posted: 18 Sep 2012 09:28 AM PDT
Bravada Gold Corp. and Argonaut Gold Inc. have signed a letter of intent (LOI) for the continued exploration and development of Bravada's Wind Mountain gold and silver property in northwestern Nevada, where Bravada has outlined a National Instrument 43-101 resource of 570,000 ounces of gold and 14.7 million ounces of silver in the indicated category and an additional 354,000 ounces of gold and 10.1 million ounces of silver in the inferred category (see news release dated April 11, 2011). Under terms of the LOI, Argonaut can fund staged expenditures totalling US$7.5million over a three-year period to earn the option to purchase the project by paying Bravada a price of $30 per ounce of gold-equivalent contained within Measured and Indicated resource categories as determined by independent Qualified Persons. The purchase price will be paid 50% in cash and 50% in shares in Argonaut. Bravada would also retain a one percent net smelter return royalty for any production from the property in excess of the purchased ounces. Argonaut has made a firm commitment of $250,000 under the LOI to conduct a drilling program this fall that will test two exploration targets beneath shallow alluvial cover: the undrilled Zephyr target and the down-dip extension of shallow oxide mineralization that Bravada drilled at the North Hill target during 2011. For example, previously announced WM11-038 at North Hill intersected 6.1m of 0.619g/t Au and 17.9g/t Ag beginning at surface. In the event that the LOI leads to a full option agreement, the minimum expenditure for year one will be $1.15 million. Bravada will be operator initially. The minimum expenditures for years two and three are $2.35 million and $4.0 million, respectively. Timing for expenditures may be extended where they result from permitting delays. President Joe Kizis commented, "Argonaut is a highly respected and well funded mine operator with two active mines in Mexico and a third nearing production. They produced 72,000 ounces of gold in 2011 and are projecting to produce 88,000-97,000 ounces of gold during 2012. Their experience in open-pit mining and heap leaching of disseminated gold in Mexico should be directly applicable to Wind Mountain and we are pleased to work with them to advance Wind Mountain as their first project outside of Mexico." About Wind Mountain The past-producing Wind Mountain gold/silver project is located approximately 160km northeast of Reno, Nevada in a sparsely populated region with excellent logistics, including county-maintained road access and a power line to the property. A previous owner, AMAX Gold recovered nearly 300,000 ounces of gold and over 1,700,000 ounces of silver between 1989 and 1999 from two small open pits and a heap-leach operation (based on files obtained from Kinross Gold, successor in interest to AMAX Gold). Rio Fortuna Exploration (U.S.) Inc., a wholly owned US subsidiary of Bravada Gold Corporation, acquired 100% of the property through an earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle Mines Limited, which retains a 2% NSR royalty interest, of which 1% may be purchased. A Technical Report for an independent Preliminary Economic Assessment (PEA) and resource estimate was conducted by Mine Development Associates (MDA) of Reno and has been posted on SEDAR, as previously reported (see NR-07-12 dated May 1, 2012). The PEA assumes open-pit, contract mining with conventional trucks and shovels, run-of-mine leaching, and a base-case price of US$1,300 per ounce of gold and $24.42 per ounce of silver. The base-case economic model (1) is summarized below in US dollars and Imperial units (some values rounded): Resource inside the pits = 42.1 million short tons of Indicated Resource @ 0.011 oz Au/t & 0.26 oz Ag/t, and 2.2 million short tons of Inferred Resource @ 0.008 oz Au/t & 0.18 oz Ag/t, both utilizing a 0.006 oz Au/t cutoff Gold & Silver Ounces mined = 465,000 oz Au & 11,198,000 oz Ag (516,000 oz Au-eq(2)) Gold & Silver Ounces produced = 288,000 oz Au & 1,680,000 oz Ag (320,000 oz Au-eq(2)) Waste: Ore Strip ratio = 0.71:1 Capital = Initial capital of $45.4 million with $18.4 million sustaining capital Mine Life = approximately 7 years of mining with 2 additional years of residual leaching & rinsing Payback Period = 2.2 years Life-of-mine cash cost(3) = $859 per ounce Au Total Pre-Tax cost(3) = $1,080 per ounce Au IRR = 29% Pre-tax NVP@5% = $42.9 million Sensitivity studies by MDA indicate that gold and silver prices 30% higher in the same modeled pit and at the same recovery rates ($1,690/oz Au and $31.75/oz Ag) would increase the IRR to 74% and the NPV@5% to $136.2 million. Gold and silver prices that are 20% lower ($1,040/oz Au and $19.54/oz Ag) would result in the model being uneconomic at an NPV@5%. Sensitivities of the model to capital and operating costs are also provided. MDA notes that additional studies such as additional metallurgical studies to evaluate crushing higher-grade portions of the deposit and grid drilling to delineate economic portions of the previously mined "waste rock", which are given no value in the current model, could further enhance the economics of known mineralization. Approximately 43% of the pre-mining strip in the PEA model consists of "waste rock", and MDA is optimistic that with further drilling and sampling a portion of this material's grade and tons could be quantified for economic evaluation. Mine Development Associates compiled the technical report. Thomas Dyer, P.E. is a Senior Engineer for MDA and is responsible for sections of the technical report involving mine designs and the economic evaluation, and Steven Ristorcelli, C.P.G., is a Principal Geologist for MDA and is responsible for the sections involving the Mineral Resource estimate. These are the Qualified Persons of the technical report for the purpose of Canadian NI 43-101, Standards of Disclosure for Economic Analyses of Mineral Projects. Joseph Anthony Kizis, Jr. (AIPG CPG-11513, Wyoming PG-2576) is the Qualified Person responsible for reviewing the technical results in this release.
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| Corvus Gold’s JV Partner Reports Positive Drill Results at West Pogo Project, Alaska Posted: 18 Sep 2012 09:16 AM PDT Vancouver, B.C……Corvus Gold Inc. ("Corvus" or the "Company") – (TSX: KOR, OTCQX: CORVF) reports the completion of the 2012 summer exploration program at the West Pogo Project in Alaska as provided by its joint venture partner Alix Resources (TSX-V:AIX). Alix Resources who are fully funding the West Pogo exploration program completed two diamond core drill holes totalling 610 metres. Both holes encountered favorable host rocks with extensive alteration. Corvus' JV partner believes the results (Table 1) suggest they are on the edge of a significant gold system and will continue to explore the prospective targets in 2013.
*Intercepts calculated with 0.45 g/t cutoff – Absence of structural and geological contacts About the West Pogo Gold Project Alix Resources optioned the 24km2 West Pogo claim block in February 2012 and, under the terms of the option agreement, can earn a 60% interest in the property by incurring expenditures of USD 5M over five years. Corvus has reserved a 2-3% NSR royalty on the project, with Alix having the right to purchase 1% for USD 1M (NR Mar. 5, 2012). The West Pogo project is located approximately 3.5 km's to the west of Sumitomo Metals Corp's Pogo Gold Mine. The Pogo Mine road and power line pass through the West Pogo Property providing easy access to the property. At West Pogo there is the potential to discover high-grade gold mineralization in both steeply and shallowly dipping structural zones. Surface mapping and sampling in 2011 has identified two more than 1 kilometre long East-West trending zones of alteration and mineralization on the property. Mineralization is associated with zones of sericite-dolomite alteration in the host quartz monzonite and with silica-flooded breccias which have produced grab samples with up to 118.5g/t gold. One N-S oriented shallow hole drilled in 2003 encountered broad zones of gold mineralization in altered quartz monzonites but missed breccia-style mineralization. In 2011, a 3D induced polarization survey covering 5km2 over the main alteration zones highlighted a series of NW-trending cross structures, which may be the control on the high-grade mineralization, thus explaining why the original drill hole missed the high-grade zone. Qualified Person and Quality Control/Quality Assurance Corvus Gold has been given the above information from its joint venture partner Alix Resources who is responsible for its accuracy. Alix Resources representative, Dr. Tom E. McCandless, P.Geo., is a qualified Person as defined by NI 43-101, has reviewed and approved the technical information provided to Corvus Gold. Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has reviewed and approved the information provided by Alix for this news release. Mr. Pontius is not independent of Corvus, as he is the CEO and holds common shares and incentive stock options. At the West Pogo project core is being sawed in half and sampled at roughly one meter intervals, then delivered by truck to ALS-Chemex (Fairbanks, Alaska) for sample preparation, after which sample pulps are shipped to the ALS Minerals facility in North Vancouver, B.C. for assay. Gold is determined by fire assay with AAS finish (ALS protocol Au-AA24), and trace elements by ICP-AES after nitric aqua regia digestion (ALS protocol ME-ICP41). The samples are submitted with in-house and/or certified gold standards inserted into the sample stream. About Corvus Gold Inc. Corvus Gold Inc. is a resource exploration company, focused in Nevada, Alaska and Quebec, which controls a number of exploration projects representing a spectrum of early-stage to advanced gold projects. Corvus is focused on advancing its 100% owned North Bullfrog, Nevada project towards a production decision while continuing to explore for major new gold discoveries. Corvus is committed to building shareholder value through advancing new gold discoveries to production while leveraging noncore assets via partner funded exploration work into a portfolio of royalty and carried interests in its projects. On behalf of (signed) Jeffrey A. Pontius Contact Information:
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| Huldra Arranges $6.75-million private placement Posted: 18 Sep 2012 09:15 AM PDT Vancouver, British Columbia – September 17, 2012 – Huldra Silver Inc. (TSX-V:HDA) ("Huldra" or the "Company") is pleased to announce that it will issue up to 5,000,000 million Units (each, a "Unit") at a price of $1.35 per unit for gross proceeds of up to $6,750,000 (the "Offering"). Each Unit will consist of one common share (each, a "common share") and one half purchase warrant (each, a "warrant"). A full warrant will allow the purchaser to acquire an additional share in the company at $1.75 for a period of 6 months from the date of closing. In connection with the Offering, a finder's fee may be paid consisting of a cash commission equal to 8.0% of the gross proceeds raised under the Offering and that number of non-transferable broker warrants (the "Broker Warrants") as is equal to 8.0% of the number of Shares. Each Broker Warrant will be exercisable into one common share of the Company at $1.35 per share, for a period of 12 months from the Closing Date (as defined herein). The proceeds from the sale of the Non-Brokered Financing shall be used to increase the mill inventory from the Treasure Mountain Mine, Increased Infrastructure, for debt repayment and for general working capital purposes. Any securities sold in connection with the financing are subject to a hold period of four months and one day under Canadian securities laws and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended. "Ryan Sharp" For additional information contact: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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| Riverstone Acquires Outstanding Interest in Liguidi Property Posted: 18 Sep 2012 08:19 AM PDT Riverstone Resources Inc. (TSX-V; RVS) ("Riverstone" or the "Company") reports that the Company has reached an agreement (the "Agreement") with Orex Ressources S.A.R.L. ("Orex") to acquire Orex's 14% non-participating interest (the "Interest") in the Liguidi Malguem exploration permit (the "Liguidi EP") (the "Transaction"), representing all of Orex's remaining interest in the Liguidi EP and area pertaining thereto (the "Property"). Continued... As previously disclosed (See Company's news release dated November 28, 2011), pursuant to a November 24, 2011, memorandum of agreement between the Company and Orex regarding the transfer of the Liguidi EP, in the event a mining permit was issued in respect of the Property, Orex retained a 14% non-participating interest (the "Interest"). The Interest was applicable in relation to any future Burkina Faso mining company formed for the purpose of gold production from the Property pursuant to a mining permit, whereby the direct or indirect interest in any such mining company so created would have been be allocated as follows: Riverstone: 76% (participatory), Orex: 14% (non-participatory), Government of Burkina Faso 10% (free-carried). On completion of the Interest acquisition, Riverstone's indirect interest in any such mining company so created will be 90% (participatory), with the Government of Burkina Faso retaining a statutory 10% (free-carried) interest. Pursuant to the terms of the Transaction, Riverstone will initially pay Orex $400,000 cash and issue to Orex 100,000 common shares in the capital of Riverstone ("Common Shares") upon the conclusion of the Agreement. Additionally, Riverstone will, (a) upon receipt by Riverstone of a 3-year extension of the Liguidi EP, pay Orex $100,000 cash and issue to Orex 100,000 Common Shares and (b) within 60 days following the date of first commercial production (as defined in the Agreement) pay to Orex $500,000 cash, and issue to Orex an additional 100,000 Common Shares. The Transaction remains subject to TSX Venture Exchange acceptance. The Property occurs in highly prospective Birimian Greenstone Belts (see Map on the Company website illustrating the geographical location of the Property). Previous work on the Property delineated a strong gold in soil anomaly of greater than 100 ppb gold, over a 13 kilometre strike length, which is up to 4 kilometres wide. The anomaly follows a pronounced regional shear zone at the contact between volcanic and sedimentary rocks, and represents one of the largest and strongest continuously mineralized gold anomalies in the country. The anomaly is open along strike to the southwest (see Map on the Company website for the soil anomaly of Liguidi EP). Within the soil anomaly are numerous historic artisanal gold sites, namely Wayalguin, Three Hills, and Legare's Zone. The first two artisanal sites occur in volcano-sediments flanking a large dioritic intrusion which was tested with limited trenching and RC drilling by the Company in 2005. Significant results include 0.63 g/t gold over the entire 111 metre length of trench LM-TR-04, including 18 metres of 1.45 g/t gold and 18 metres of 1.53 g/t gold. Follow up drill results included 16.5 metres of 1.25 g/t gold, including 9 metres of 1.88 g/t gold in Hole LM-05-05 (see Company news releases dated April 26, 2005 and October 11, 2005). Riverstone is active in Burkina Faso, West Africa, where it holds a portfolio of four high quality exploration projects covering in excess of 2,000 square kilometres. The Company's flagship project is the Karma Gold Project (the "Karma Project"), which comprises a NI 43-101 compliant in-pit Whittle indicated resource of 1.6 million ounces of gold in 47.3 million tonnes grading 1.1 g/t gold and an inferred resource of 0.6 million ounces of gold in 18.9 million tonnes grading 0.93 g/t gold (see Company's news release dated January 9, 2012 and NI 43-101 Technical Report titled, "Technical Report and Resource Estimate on the Karma Project, Burkina Faso, West Africa" filed on SEDAR (www.sedar.com) February 23, 2012). Since the data cut-off for the resource estimation, the Company has completed in excess of an additional 85,000 metres of drilling on the Karma Project, and it is expected that the results of this drilling will add to the overall resource of the Karma Project deposits. The results of a Preliminary Economic Assessment have recently been released (see Company news release dated August 20, 2012 and NI 43-101 Technical Report titled, "Preliminary Economic Assessment Report for the Karma Project, Burkina Faso, West Africa", with an effective date of August 2, 2012, filed on SEDAR (www.sedar.com) September 17, 2012), highlighting the Karma Project to be a robust project, and a new resource estimate is expected to be released this quarter. Additional information about the Company and its activities may be found on the Company's website at www.riverstoneresources.com and under the Company's profile at www.sedar.com. ON BEHALF OF THE BOARD Dwayne L. Melrose, President & CEO For further information contact: Vancouver Office: Don Mosher, Corporate Development 604-685-6465 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Paul G. Anderson, M.Sc., P. Geo., the Company's Vice-President, Exploration, is the Company's Qualified Person for the purposes of National Instrument 43-101 and has reviewed and approved the technical contents of this release. Certain statements made and information contained in this news release and elsewhere constitutes "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements are based on certain assumptions and are subject to risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, with respect to statements regarding the updated resources estimate, the assumptions set forth in this news release and in the Company's news release of January 9, 2012, August 20, 2012 and risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development results will not be consistent with the Company's expectations, accidents, equipment breakdowns, risk of undiscovered, title defects and surface access, labour disputes, the potential for delays in exploration and permitting activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, political risk and other risks and uncertainties, including those described under Risk Factors in each management discussion and analysis and in the Company's annual information form which are available under the Company's profile at www.sedar.com. Forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour and that the political environment within Burkina Faso will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. This news release may use the terms "measured", "indicated" and "inferred" as these terms are defined under Canada's National Instrument 43.101. U.S. Investors are advised that, while such terms are recognized and required by Canadian regulations, they are not recognized by the United States Securities and Exchange Commission ("SEC") and may not be comparable to similar information for United States mining or exploration companies. As such, certain information contained on this news release concerning descriptions of mineralization and resources under Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC. U.S. investors are cautioned not to assume that any part or all of the mineral deposits described in these categories will ever be converted into proven or probable reserves, as defined in the SEC's Industry Guide No. 7. | |||||||||||||||||||||||||
| All Signs Are Now Pointing to Gold Posted: 18 Sep 2012 08:14 AM PDT The Fed and ECB make my job presenting at the Hard Assets conference in Chicago very exciting. Don't miss my presentation on Sept. 21. I invite you to be there in person if you live in close proximity to Chicago. | |||||||||||||||||||||||||
| Posted: 18 Sep 2012 06:43 AM PDT Crude oil prices hit a four-month high this week on the back of rising tensions in the Middle East and North Africa and the unfortunate murder of the U.S. ambassador to Libya. Added impetus on the upside was given to oil by the announcement of more money printing (QE3) by the Federal Reserve which said it would launch an open-ended commitment to purchase $40 billion of mortgage-backed securities monthly. The global benchmark for oil, Brent crude oil, jumped to about $117 a barrel. It maintained its roughly $18 premium to U.S.-based WTI crude oil which was trading at $100 a barrel on a couple days ago. Non-futures investors can easily participate in the oil market through the use of exchange traded funds. The ETF which tracks Brent crude oil futures is the United States Brent Oil Fund (NYSE: BNO) and the ETF which tracks WTI crude oil futures is the United States Oil Fund (NYSE: USO). The real story behind the story in the oil market, however, is the ongoing Arab Spring which is sweeping throughout the Middle East and North Africa, pushing aside some regimes and threatening others. The countries whose governments, such as Saudi Arabia and the other Gulf states, feel threatened by popular uprisings are where investors should put their focus. Saudi Arabia in particular is key because it accounts for more three-quarters of the world's spare oil production capacity. So it is very important to note that the kingdom is no longer a price 'dove' in OPEC as it has been for decades. It has joined Iran, Venezuela and others in being a price 'hawk'. The reason behind the change in attitude is simple…Arab Spring. Like its neighbors in the Gulf region, Saudi Arabia has gone on a public spending spree to appease its restless citizens. It has sharply increased outlays on subsidies for items like food, fuel and housing in an attempt to appease its citizens. In 2011, the kingdom raised its domestic spending by $129 billion – the equivalent of more than half its oil revenues. Much of this increased spending will go toward upgrading the country's infrastructure. Take electricity, for example. Saudi Arabia has revealed plans to spend more than $100 billion dollars on power plants and distribution networks by 2020. The kingdom has also set a goal to electrify 500,000 new homes that are being built in an attempt to mollify political unrest among its population of 27 million people. This spending spree led the International Monetary Fund and other analysts to estimate that the kingdom and other Gulf countries need oil to be selling between $80 and $85 a barrel in order for the governments to balance their budgets. This is up, in Saudi Arabia's case, from a mere $25 a barrel a few short years ago! Unfortunately for oil consumers, this trend looks set to continue in years ahead. According to the Institute of International Finance, by 2015 the Saudi government will only be able to balance its budget if oil prices are at $115 a barrel if current spending trends remain in place. So in effect, with the Arab Spring forcing governments to spend more on their citizens, it has put a floor under the price of oil. OPEC will do everything in its power to keep the price above the budget breakeven points for governments in the Gulf region. Keep up to speed on the oil and precious metals markets with my free newsletter: www.GoldAndOilGuy.com Chris Vermeulen | |||||||||||||||||||||||||
| Posted: 18 Sep 2012 06:40 AM PDT
A more 'neutral accomodative' response from the Fed might have led to deflated expectations and a lackluster slump in equities. The "infinite" push all-in, however, was much more definitive in terms of 1) getting investors all hot and bothered, and 2) laying everything out on the table. No more need to wait for December, no more wondering if the Fed is going to go full bazooka or getting jawbone boosts as to how it's coming any second, because now they've pretty much gone and done it. From a chart perspective, the aftermath of the Fed's action is defined by a surprising number of island tops. Bernanke created his very own archipelago fantasy chain, causing multiple vehicles to gap higher and immediately turn tail. Click to enlarge the below assortment:  click to enlarge We are curious to see whether the island highs of this mini-parabolic cluster are exceeded. Our strong suspicion is that they will not be. These chart patterns demonstrate, in a nutshell, what QE3 actually was, and is: An impressive yet ultimately pathetic hail mary, with significant power to distort prices in the short term, but extremely low likelihood of meaningful positive effect. A fantasy, in other words, perpetrated by desperate gamblers in academics' clothing. Having protected profits on our earlier foray, we reshorted the Australian dollar (AUDUSD) at 105.10 on Monday. Nothing has changed, re, the Oz situation in relation to China etc., and post-Fed the Aussie has continued to tank. In addition to another major currency in our crosshairs (not the euro), we have a sizable new roster of equity short candidates on deck as the market correction prognosis looks excellent. All positions documented and time stamped in the Mercenary Live Feed. JS (jack@mercenarytrader.com)   p.s. Institutional allocator seeks talented traders and money managers. Potential allocation amount: $2 to $10 million. See if your track record qualifies... | |||||||||||||||||||||||||
| HFT Algo Music Sings to the Stock Market Posted: 18 Sep 2012 06:13 AM PDT
from wealthcycles.com: The Securities and Exchange Commission (SEC) fined the New York Stock Exchange (NYSE) for sending out data to certain private clients faster than the public data feeds. This yells "rigged robot market" louder than anything else and should scare investors seeking a venue for fair returns far, far away. Algorithms or not, stocks have lost three-quarters of their real value since mid-1998 (Dow used to cost 28 ounces of gold; now cost is 7.6 ounces): Keep on reading @ wealthcycles.com | |||||||||||||||||||||||||
| Another Tough Day In America: Criminals Rewarded, Heroes Jailed, Dollar Destroyed Posted: 18 Sep 2012 06:12 AM PDT
from dollarvigilante.com: I wish I had been busier a few days ago, more occupied, or at least more distracted, with less time to follow the news. But I read it all and I regretfully report that it was another tragic day in America, another palpable step toward an ignominious end. The day began with the mainstream press reporting, matter-of-factly, that the US government was giving a reward to former UBS banker, Bradley C. Birkenfeld, admitted liar, tax fraud promoter, low-rent trash in a suit who violated every promise he ever made to his employer and to his clients. For his efforts, he will receive a total of $104 million. The US government disingenuously classified his collective breaches of contract, trust, and ethics a compensable "service" to a government that collected billions by extorting foreign banks that had the audacity to accept deposits from US clients, not knowing they were expected to also act as agents of the Internal Revenue Service. US foreign account holders also ended up paying billions after being threatened with prison if they did not self-report and pay draconian fines. Keep on reading @ dollarvigilante.com | |||||||||||||||||||||||||
| Gold & Silver Will Smash Through All-Time Highs Posted: 18 Sep 2012 06:08 AM PDT
from kingworldnews.com: Today Tom Fitzpatrick spoke with King World News about the recent move in both gold and silver. Fitzpatrick expects the price of gold and silver to smash through their all-time highs as gold surges to $3,400, and silver heads to $100. Here is what top Citi analyst Fitzpatrick had to say, along with some powerful charts: "You can still have corrections and track sideways occasionally, but to us the trend is solid. The pattern is quite clear, and we still believe this $1,791 area is really quite critical in terms of the next leg higher for gold, as well as the $37.48 level on silver. Keep on reading @ kingworldnews.com | |||||||||||||||||||||||||
| Posted: 18 Sep 2012 06:08 AM PDT One of the smartest guys in any room, fellow at the Hoover Institution and a former Fed governor, Kevin Warsh, weighs in on QE, the Fed and why the Fed's policies cannot make up for bad fiscal policy in Washington. Video from CNBC below.
Source: CNBC | |||||||||||||||||||||||||
| QE Lessons: Fiat Grows On Trees – Gold Does Not Posted: 18 Sep 2012 06:04 AM PDT
from goldcore.com: Today's AM fix was USD 1,756.75, EUR 1,344.31 and GBP 1,081.81 per ounce. Yesterday's AM fix was USD 1,767.25, EUR 1,349.36 and GBP 1,089.42 per ounce. Silver is trading at $34.16/oz, €26.24/oz and £21.10/oz. Platinum is trading at $1,662.00/oz, palladium at $673.60/oz and rhodium at $1,350/oz. Gold fell $14.00 or 0.79% in New York yesterday and closed at $1,757.60. Silver dropped to as low as $33.806 before it rebounded back higher, and finished trading with a loss of 1.76%. Keep on reading @ goldcore.com | |||||||||||||||||||||||||
| New Innovations Boost Silver Demand, But Could Price be Taken Down Again? Posted: 18 Sep 2012 05:59 AM PDT
from caseyresearch.com: Yesterday in Gold and Silver Gold spiked up the moment that the gold market opened in New York at 6:00 p.m. on Sunday night…8:00 a.m. in Tokyo on their Monday morning…and that was the high of the day, as a not-for-profit sellers quickly capped the price. From there, the gold price slid a bit…and was down about seventeen bucks from it Tokyo high by 1:50 p.m. in New York…which was about twenty minutes after the Comex close. At that point, the price became more 'volatile'…and by 3:50 p.m., the gold price was down a bit over twenty bucks from its high of the day. From there it recovered a bit into the close. Keep on reading @ caseyresearch.com | |||||||||||||||||||||||||
| Bullion Slides 'On Profit Taking' with 'Bullish Momentum' Posted: 18 Sep 2012 04:51 AM PDT Spot market prices quoted for gold bullion traded just below $1,760 an ounce Tuesday morning in London, 1% off the high hit last week after the US Federal Reserve announced its new open-ended asset purchase program. | |||||||||||||||||||||||||
| For Gold Investors the Best of All Possible Worlds Posted: 18 Sep 2012 03:54 AM PDT So far, gold and silver have been the main beneficiaries, rising in the week before the FOMC meeting in anticipation of more stimulative monetary policies, and then, after the announcement, reacting to the aggressive monetary stimulus. | |||||||||||||||||||||||||
| Posted: 18 Sep 2012 03:26 AM PDT Below is my view on the markets after the close on September 21. Dow Jones Industrial Average: Closed at 13539.86 +206.51 as the price jumped up above annual resistance highs. The chart pattern was set for a bear double top sell-off on falling momentum and volume from previous sessions. Today's move by the FOMC enabled them to pronounce open-ended bond buying following in the foot-steps of Mario Draghi in the European central bank. Price was above all moving averages. New support is 13,500 and resistance is 13650. We would expect some light relief selling to take profits on Friday morning followed by new buying with a Friday close in the green. Further, expect more buying on Monday. S&P 500 Index: Closed at 1459.99 +23.43 with a recent annual high now posting solid support. Volume and momentum were mildly supported and up. Price was above all moving averages and the close was high in the trading range signaling more buying on Friday with some expected profit-taking from the current rally. Support is 1450 and resistance is 1465-1475. Traders have moved above major resistance and opened a new five wave rally wave set. They still have time in the current cycle to drive up stocks, and have the standard ABC correction prior to the September 23-25 selling cycle we did forecast. Expect more buying and some profit-taking on Friday with fresh buying next Monday. S&P 100 Index: Closed at 670.93 +11.60 on normal volume and slightly rising momentum. The formerly higher price of 665 is now support with 675-680 being resistance. Price is above all moving averages and today's move was very strong for this large company index. With so much buying here in big company stocks this is a signal the rally can continue until at least the end of next week. Watch for the buying power to slow but continue all the way through next Monday. The probable high would be 685 sometime next week. Nasdaq 100 Index: Closed at 2831.35 +39.67 in flat momentum and normal volume. Today's move up was a wave three being faster and more advanced than the other stock indexes. The close was high in the trading range signaling more buying on Friday and probably on Monday. New support is 2800 and resistance is 2850. Price closed above all moving averages. It is important that the current wave three continue higher on Friday to maintain buying momentum in this index. The recent chart pattern is showing some lagging as far as the technicals are concerned. Keep in mind this index is the leading indicator for all stock indexes. We expect the current rally to end by Friday. September 21, 2012. 30-Year Bonds: Closed at 146.96 -1.25 as momentum went flat and turned down in a 10 day moving average crossover as stocks flew on FOMC news. New resistance is both the 20-day and 50-day moving averages at 148.81 and 148.98. The 200-day average is back at 144.78. It was interesting to see the bonds support exactly on a major trend originating from last March, 2012. We would expect a small selling dip on Friday to 146.50 or so and then drop to 145.50-146.00 on Monday. There is very heavy support just above 144.00-145.00, but Bill Gross at Pimco sold some bonds today on the new buying announcement of the FMOC. Expect mild but steady selling ahead through next Monday with a tiny recovery in price next Tuesday. Gold: Closed at 1765.70 +32.90 on rising momentum and steady new buying supported by the larger commodity funds that have been "all-in for a few days." In late trading, December gold futures opened at 1769.40 and hit a high of 1774.00. The trading low was a mild 1769.30. In the futures today the reaction to the FOMC announcement was swift and steady. Buyers were on board right away taking the price abnormally high for a new wave one of five waves. Tomorrow being Friday, we still see buying strength but also some profit-taking from day traders before the close. There is resistance from previous tops near 1775-1785 and 1796.50. Our projection for the fall gold rally is now forecast near 1,885 with a chance to touch the former top at 1,923. One analyst on Bloomberg said he was buying 2013 spreads above 2,350. New and higher resistance after 1,885 is 1,908, 1,923 (former top) and then perhaps a run to 2,000, which would be a psychological barrier. We now see a chance for gold to touch 2,250 during the first half of 2013 on numerous factors and fundamentals. Silver: Closed at 33.32 -0.17 with the December futures closing at 34.78. Silver, on a percentage basis moved higher than gold today approaching our forecast resistance price of 34.85. In after hours trading on Thursday evening we see 34.65 on futures. There is hard upper resistance at $35.00 and $36.48. Momentum has been rising since the end of last May. Silver was oversold and needs more time to recover but since it is so volatile, it can move up swiftly relative to gold. Now that the FOMC has stated they will print paper as much as is needed and so has Europe, the doors are wide open for very strong rallies to much higher prices. Expect silver profit-taking on Friday with a close somewhat near today's followed by more buying next week until September 21. XAU: Closed at 186.63 +8.85 as the XAU posted a solid rally on rising precious metals and broader market stocks. Momentum has been rising since the first of August. The metal to shares ratio gave a decisive up-turn today, which is 90% accurate on forecasts. Next, the price broke up and through 180 resistance, a key number. Price is above all moving averages with new support at 185 and resistance at 190. We have now fulfilled a complete Fibonnacci Retracement at 61.8%, which is strong resistance. However, with the gold futures breakout today, we see a new five wave rally starting with extra power. I am very interested to see wave three (the largest bull wave) that can occur over the weekend outside the USA or more likely on Monday. If the technicals hold true and the fundamentals continue as I think they should, Monday could give us $65 cash gold to the upside, or even higher based upon today's performance. US Dollar: Closed at 79.74 -0.12 as the inverse trade, the Euro currency has been rising on central banker talk. Dollar support and resistance is the hard index number of 80.00, which has been the norm for decades. This is the magnet where price always wants to go. A 50% retracement the past several months on the daily chart is 78.25 and that would be our projection low during the current selling cycle. The close is very close to all moving averages but slightly under them. However, all of these prices are so bunched; we say 80.00 remains as both support and resistance for this month. Expect mild selling ahead with dollar trading between 79.50-78.50 over several days. Crude Oil: Closed at 98.31 +1.39 on flat momentum but slightly rising prices. Reserves are very strong and the world in general has been stocked-up for weeks. USA gasoline prices are firm and high. Oil futures traders are busy bidding up the price on Middle Eastern concerns. The primary concern for now is new and faster inflation on all the bond and currency printing diluting paper values. The price has just completed a long travel through a continuation triangle. Today it peaked up and above the top channel line but that line could still be considered both resistance and support near 98.50. The oil trading range is 94.50 to 98.50 and we are pushing and resisting against the top. A decisive breakout above 98.50 takes us into the next higher trading range of 98.50 to 102.50 resistance. With the funds heavily invested long, we think oil goes higher despite more than adequate supplies. Expect price congestion near 98.50 for the next two trading sessions. CRB: Closed at 315.70 +0.80 on formerly flat but now rising momentum. Big funds are long, precious metals are rising with energy and the selling base metals are beginning to support and come back into a stronger posture. China buying copper is major signal for base metals. They were weaker but have now announced more central banker support. All of these factors along with higher grain prices bode well for the CRB to rise even more. Price is above all moving averages. Support is 310 and resistance is 320. We can see a steady rise toward next Friday 9-21 for the CRB taking price to 320.00. -Traderrog   This posting includes an audio/video/photo media file: Download Now | |||||||||||||||||||||||||
| Posted: 18 Sep 2012 03:11 AM PDT - Pressemitteilung des GEAB vom 18. September 2012 (GEAB N°67) -  Wie LEAP/E2020 seit Ende 2011 vorhersagt, bringt das Sommerende 2012 einen Neuanfang für Euroland, und zwar dank einer positiven Dynamik, die sich aufgrund von zwei dauerhaften Phänomenen entwickelt hat: Zum einen sind allmählich die neuen Instrumente, um deren Schaffung 18 Monate lang verbittert gerungen wurde, einsatzfähig; zum anderen haben die politischen Veränderungen der letzten sechs Monate bewirkt, dass endlich wieder mögliche Fortschritte bei der Integration Eurolands in das Zentrum der europäischen Beratungen geraten sind. Die Entwicklung des Euro in den letzten Wochen bietet eine perfekte Illustration dieses Phänomens (1). Dennoch sollten wir uns keinen Illusionen hingeben: Europa wird in den nächsten sechs bis zwölf Monaten in einer Rezession verharren. Allerdings ist die einzige gute Nachricht, die wir in der 66. Ausgabe des GEAB vom Juni 2012 verkünden konnten, alles andere als ein Wunder. Es ist lediglich die Folge der Tatsache, dass der miserable Zustand der Weltwirtschaft so weit fortgeschritten ist, dass es in Zukunft nicht mehr möglich sein wird, die "Eurokrise oder Griechenlandkrise" vorzuschieben, um vom entscheidenden Problemfall für die Weltwirtschaft abzulenken. Je gezielter Euroland seinen Weg zu weiterer Integration geht, um so deutlicher wird werden, dass sich hinter der prächtigen Fassade der amerikanischen, chinesischen, japanischen, brasilianischen usw. Volkswirtschaften das nackte Elend einer globalen Rezession bzw. Depression versteckt. Die Menschen werden plötzlich den Wald erkennen, den sie vor lauter Bäumen bisher nicht zu sehen vermochten, nämlich dass alle großen Volkswirtschaften weltweit gleichzeitig in Rezession oder Stagnation rutschen und damit die Welt wirtschaftlich, sozial und finanziell in ein Schwarzes Loch gesogen wird. Gleichzeitig setzte im Sommer 2012 eine wesentliche Beschleunigung der Auflösung der Welt- und öffentlichen Ordnung ein, ausgelöst durch den Bürgerkrieg in Syrien, der mit jedem Tag für den Nahen- und Mittleren Osten und die Welt (2) gefährlichere Dimensionen annimmt, und geschürt von den vor der Explosion stehenden Spannungen zwischen Israel und dem Iran; das alles vor dem Hintergrund einer schwächelnden USA, deren Macht und Einfluss weltweit, vom Gelben Meer über Lateinamerika bis in die gesamte islamische Welt von lokalen und regionalen Mächten auf den Prüfstand gestellt wird. Die internationalen Spannungen stehen vor der Explosion, wie man auch daran ablesen kann, dass weltweit die Waffenverkäufe wieder nach oben geschnellt sind, wobei die USA 85% der Nachfrage abdecken (3).  Aus diesen Gründen halten wir unsere Warnstufe Rot vom Juni 2012 in vollem Umfang aufrecht und gehen davon aus, dass bis Ende Oktober 2012 die Weltwirtschaft vor dem Hintergrund der vor der Explosion stehenden internationalen Spannungen in ein Schwarzes Loch gesaugt werden wird. Mit anderen Worten wird nach unserer Auffassung in den kommenden Wochen die Welt in einen Sturm der Krisen und Konflikte in einem bisher nicht bekannten Ausmaß geraten. Wir präsentieren also in dieser 67. Ausgabe des GEAB die Liste der sieben Schlüsselfaktoren dieses Doppelschocks, für den es in der jüngeren Geschichte nichts Vergleichbares gibt. Im Übrigen enthält diese 67. Ausgabe des GEAB eine Antizipation zu den Auswirkungen, die die umfassende weltweite Krise gepaart mit den rasanten Zuwächsen des e-Handels auf den Einzelhandel in Europa zeitigen werden, dem nach unseren Berechnungen der Verlust von 2,5 Millionen Arbeitsplätze droht. In dieser Ausgabe bringen wir auch den ersten Teil einer Trilogie der Antizipationen über die Gefahr von sozialen Unruhen in Europa, den USA (68. Ausgabe) und China (69. Ausgabe). Wir haben uns entschlossen, mit Europa zu beginnen, wo nach der Auffassung unserer Forscher die Zeichen auf Aufruhr und Krawalle stehen, wobei natürlich die Lage von Land zu Land unterschiedlich sein wird. Weiterhin finden Sie in dieser Ausgabe des GEAB die beiden GEAB- Indizes, also den GEAB-$-Index und den ganz neuen GEAB-€-Index. In Zukunft werden wir diese drei Mal pro Jahr veröffentlichen. Und natürlich finden Sie wie immer den GlobalEurometer, mit dem die Erwartungen der Europäer an die Zukunft in gewissen Schlüsselbereichen abgefragt wird. In unseren Empfehlungen beschäftigen wir uns in diesem Monat mit Devisen (Dollar, Euro, Yen, Yuan), Gold, Energie und Grundnahrungsmittel, den Aktienmärkten und Lebensversicherungen. Zuletzt finden Sie zu Ihrer Information das Programm des 3. Euro-BRICS- Seminars, das diesmal von LEAP gemeinsam mit MGIMO in Cannes am 27. und 28. September 2012 veranstaltet wird; und das Sonderangebot für unsere Abonnenten für eine Teilnahme an einer Fortbildungsreihe per Internet in Politischer Antizipation, die von unserem Partner FEFAP angeboten wird. Am Schnittpunkt der sieben Schlüsselfaktoren des Doppelschocks der kommenden Wochen finden wir die USA und ihr schmerzhaftes Erwachen aus der kollektiven Betäubung. Denn um nichts anderes handelt es sich. Wie wir schon viele Male im GEAB schrieben, weigern sich die USA seit Beginn der Krise verbissen, der Wirklichkeit (4) ins Auge zu sehen, ziehen den Einsatz immer wilderer Geldpolitikinstrumente vor, stürzen sich in militärische Abenteuer, und das alles in der vagen Hoffnung, die Folgen der Krise neutralisieren zu können. Doch dies alles erweist sich nun zum Sommerende 2012 als wirkungslos; doch tausende Milliarden Dollar wurden dafür in ein Fass ohne Boden geworfen. Der beste Beweis dafür ist die Entscheidung der Fed vom 13. September 2012, ihr Twist- Programm des Aufkaufs von US- Staatsanleihen fortzuführen und darüber hinaus ein zeitlich und mengenmäßig unbegrenztes Programm des Aufkaufs von Hypothekenschulden (40 Milliarden USD/Monat) aufzulegen, mit dem der US- Immobilienmarkt wieder zum Leben erweckt und damit der Arbeitsmarkt und der Privatverbrauch gestärkt werden sollen. Der Fed ist bewusst, dass diese Entscheidung international auf Widerstand stoßen und üble Folgen zeitigen wird. Schon seit Monaten wollte die Fed ein QE3 (5). auflegen und wagte es nicht. Aber in der Hoffnung, einen sozialen und wirtschaftlichen Zusammenbruch und einen Absturz der Aktienkurse an Wall Street vor den Novemberwahlen 2012 (6) zu vermeiden und dabei auch ihre eigene Vertrauenswürdigkeit zu retten, die von Seiten der Republikaner massiv unter Beschuss genommen wird, hat sie sich zu - wenn auch nicht einem "Quantitative Easing , so doch zu - einem "Psychological Easing" entschlossen. Die Fed wird immer mehr zu einem Schlüsselakteur auf dem amerikanischen Immobilienmarkt und erweist sich damit weiterhin als unfähig, den Unterschied zwischen Liquiditätsengpässen und Zahlungsunfähigkeit zu erkennen. Die US- Haushalte haben kein Geld mehr, mit dem sie Häuser kaufen oder bauen lassen könnten (7). Daran lässt sich auch mit niedrigsten Zinsen nichts ändern. Allein Wall Street wird dank der Fed- Aktivitäten eine Zeit lang noch auf neuen Rekordwerten surfen können, bis eines schönen Morgens, wenn den Menschen bewusst wird, dass die Realwirtschaft in einer Depression steckt, alles zusammenbricht. Denn alle Indikatoren stehen bereits auf Rot: Der Arbeitsmarkt ist weiterhin kraftlos, wenn es neue Arbeitsplätze gibt, sind sie deutlich schlechter entlohnt als die, die wegfielen (8), im ganzen Land explodiert die Armut (9) ... und immer mehr amerikanische Unternehmen, die international aufgestellt sind (10), geben für das zweite Halbjahr 2012 und das erste Halbjahr 2013 Gewinnwarnungen heraus; ihre Gewinnerwartungen bewegen sich derzeit auf den Niveaus von 2008/2009, also dem Höhepunkt der durch die Finanzkrise ausgelösten Rezession (11).  Die gegenwärtige und auch zukünftige Ohnmacht des amerikanischen politischen Systems (12) gegenüber den amerikanischen Defiziten (13), gepaart mit der "Sequestration (14)" des Bundeshaushalts (15), deren Auswirkungen in der gesamten amerikanischen Wirtschaft bereits spürbar sind (wie wir es schon im Frühjahr 2012 vorhergesagt hatten) (16), wird dazu führen, dass die nächsten Wochen eine Folge von schlechten Wirtschaftsnachrichten bringen werden (17); und das alles vor dem Hintergrund internationaler Herausforderungen, denen die USA immer weniger gewachsen sind. Denn auch in der Rubrik "einzige globale Supermacht" wachen die USA nun schmerzhaft aus ihren Illusionen auf. Es hat gerade einmal ein Jahr gedauert, bis die gesamten absurden Folgen des westlichen Angriffs auf Libyen 2011 zu Tage treten: Der US- Botschafter in Libyen wird ermordet, in der gesamten islamischen Welt bricht Aufruhr gegen die US- Präsenz aus... Wie man und wer da noch glauben kann, die USA hätten "mit Erfolg" den arabischen Frühling begleitet, bleibt schleierhaft. Die intensive Unterstützung Russlands und Chinas für Assad gegen die Versuche des Westens und der Golfmonarchien (18), ihn zu stürzen, hat nicht nur die Dynamik der konstruktiven Zusammenarbeit im VN- Sicherheitsrat ruiniert, sondern sich zu einer Erprobung der US- Macht im Nahen und Mittleren Osten ausgewachsen. Und inzwischen testet ganz Ost - und Südost- Asien (Japan, Taiwan, Philippinen, Südkorea usw.) mittels der Konflikte um zahlreiche Inseln die Fähigkeit der USA in Konkurrenz mit China (19) eine asiatische Macht zu bleiben. Sie werden recht schnell zu einer Einschätzung gelangen, über wie viel Macht die USA noch in der Region verfügen. Bis Anfang 2013 werden sie auf Grundlagen ihrer neuen Erkenntnisse die Bündnisse in der Region, die eine Folge des 2. Weltkriegs waren, neu ordnen. Sogar der (gemäß der Monroe- Doktrin) "Hinterhof" der USA, also Latein- Amerika, hat sich daran gemacht, gemeinsam die viele Jahrzehnte alten außenpolitischen Positionen der USA in der Region aufzurollen: Ausschluss Kubas aus den Foren der transamerikanischen Zusammenarbeit und vor allen Dingen der Kampf gegen den Drogenanbau und - Handel, der seit mehr als vierzig Jahren das Einfallstor für die US- Einmischung in die innersüdamerikanischen Angelegenheiten bildet (20). Und dann müssen wir auch noch Europa erwähnen, denn die beschleunigte Integration Eurolands ist de facto eine Befreiung des europäischen Kontinents vom amerikanischen Einfluss. Ab 2013 wird auf jeden Fall der IWF (und damit Washington) nicht mehr zur Hilfe gerufen werden, um inner-euroländische Probleme zu lösen, wie das heute noch mit Griechenland der Fall ist. Selbst im Bereich der Verteidigung zeigt die überraschende Ankündigung einer möglichen Fusion von BAE Systems und EADS, wobei EADS der mit Abstand größere Partner wäre (21), dass nun die Zeit zu Ende geht, wo die europäische Verteidigung immer transatlantisch sein musste und Großbritannien der privilegierte Partner der USA in Europa. Heute jedoch geht es für BAE Systems um ihr Überleben (22)  --------- Noten: (1) Vgl. die vorhergehenden Ausgaben des GEAB. (2) Quelle : Yahoo/Reuters, 15/09/2012 (3) Insbesondere in der Region des Persischen Golfs. Quelle : New York Times, 26/08/2012 (4) Quellen : New York Times;, 14/08/2012 ; Financial Sense, 24/08/2012 (5) Quellen : CNBC, 14/09/2012 ; Market Watch, 29/08/2012 (6) Sie hat also beschlossen, Barack Obama zu unterstützen, der ihr viel freundlicher gesinnt ist als die neue Welle der republikanischen Politiker. Das ist nicht verwunderlich, denn Mitt Romney hat schon jetzt erklärt, er werde das Mandat von Ben Bernanke im Falle seienr Wahl nicht verlängern. Quelle : Market Watch, 23/08/2012 (7) Quelle : USAToday, 14/09/2012 (8) Quellen : USAToday, 21/08/2012 ; al-Jazeera, 20/08/2012 ; New York Times, 31/08/2012 (9) Quellen : USAToday, 23/08/2012 ; Bloomberg, 10/09/2012 ; Bloomberg, 05/09/2012 (10) Und sie sind nicht die Einzigen. Selbst bei der Luxusindustrie, von europäisch dominiert, bricht allmählich die Panik aus. Quelle : Yahoo/Reuters, 14/09/2012 (11) Quelle : Money News, 10/09/2012 (12) Quelle : Der Spiegel, 17/08/2012 ; USAToday, 20/08/2012 (13) Das Haushaltsdefizit ist auf dem Weg zu neuen Rekorden. Quelle: ZeroHedge, 10/09/2012 (14) Automatische Kürzungen im Militär - und Sozialhaushalt (15) Eine Einigung scheint nicht im Bereich des Möglichen, weder zu den automatischen Kürzungen noch zum Ende der Steuererleichterungen. Quelle : CNBC, 11/09/2012 (16) Quelle : Reuters, 07/09/2012 (17) Also ein wachsender Verlust an internationaler wirtschaftlicher Wettbewerbsfähigkeit, was doch aber eine der Prioritäten des Präsidenten Obamas war. Und natürlich die weiteren Herabstufungen der Bonitätsnoten für US- Schulden; aber das weiß doch eigentlich jeder, mit Ausnahme der Blinden, die weiterhin US- Schatzbriefe anhäufen. Quellen: Les Affaires, 11/09/2012 ; Market Watch, 14/09/2012 ; Market Watch, 14/09/2012 (18) Die USA hängen immer verstärkter vom saudischen Öl ab. Quelle : New York Times, 16/08/2012 (19) Quellen : Der Spiegel, 14/09/2012 (20) Quelle : CIP Americas Program, 14/08/2012 (21) Dass niemand hier einem Irrtum aufsitzt: Für BAE Systems geht es dabei ums Überleben, nicht für EADS. Wie wir in der 66. Ausgabe des GEAB schrieben, zählt BAE Systems zu den Unternehmen, die massiv unter den Haushaltskürzungen für das Pentagon zu leiden haben werden; nicht nur, weil die amerikanischen Rüstungsaufträge 20% seines Umsatzes ausmachen, sondern auch, weil es als nichtamerikanisches Unternehmen von seinen amerikanischen Konkurrenten in den kommenden mageren Zeiten komplett aus dem amerikanischen Markt gedrängt werden wird. Die "special relationship" zwischen USA und Großbritannien ist sicherlich etwas, über das David Cameron und George Osborne abends über einem Bier phantasieren können. Aber von amerikanischer Seite hat sie jede konkrete Bedeutung verloren. Der andere große Kunde von BAE Systems ist natürlich die britische Regierung, die gerade ihre Militärausgaben massiv zusammengestrichen hat. Ohne die Fusion wird BAE Systems gerade noch ein oder zwei Jahre überleben. Seine einzige Option ist also Europa, bzw., präziser, mit EADS Euroland. (22) Quelle : The Telegraph, 14/09/2012 | |||||||||||||||||||||||||
| All Doors Wide Open for Higher Gold and Silver Prices Posted: 18 Sep 2012 03:00 AM PDT Webeatthestreet | |||||||||||||||||||||||||
| Gold and Silver Market morning, September 18 2012 Posted: 18 Sep 2012 03:00 AM PDT | |||||||||||||||||||||||||
| Max Keiser: The Ultimate QE3 Meltdown Posted: 18 Sep 2012 02:55 AM PDT Max discuss collateral transformation desk feeding the multitude of banksters with five quadrillion in infinitely leveraged toxic derivatives and two Treasury bills of a bankrupt nation. http://maxkeiser.com/ from thealexjoneschannel: ~TVR | |||||||||||||||||||||||||
| Silver Update: More Financial Repression 9.17.12 Posted: 18 Sep 2012 02:45 AM PDT | |||||||||||||||||||||||||
| SilverFuturist: Bill Still and Gold Posted: 18 Sep 2012 02:44 AM PDT | |||||||||||||||||||||||||
| How Likely is a New Gold Standard? Posted: 18 Sep 2012 02:43 AM PDT It is likely that any proposal for a gold standard is unlikely to go the whole hog. There is also the question of how much gold the central banks actually own, given decades of denying its monetary role. | |||||||||||||||||||||||||
| Alasdair Macleod: A new gold standard? Posted: 18 Sep 2012 02:31 AM PDT  Republican talk of restoring the United States to a gold standard isn't likely to go anywhere, the economist Alasdair Macleod writes, but he refutes the silly complaint that there isn't enough gold for such a conversion. It's just a matter of re-pricing the gold, Macleod writes. He believes that governments will never again accept the financial discipline a gold standard imposes. I borrowed Chris Powell's introductory paragraph from a GATA release yesterday. Macleod's commentary is headlined "A New Gold Standard" and it's posted on the GoldMoney.com Internet site...and the link is here. | |||||||||||||||||||||||||
At first we were highly annoyed with Bernanke's actions last week. But on the bright side, from a market perspective, he may have done traders a favor by price-defining various situations and "clearing the decks" for newly attractive entry points.
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