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- What the analyst consensus for gold is telling us
- An Untold Run In Silver And Gold Has Begun To Unfold
- ETF Spotlight: India
- Commodity ETFs To Fight Inflation
- Will The Loonie's Popularity Last?
- Gold - The Biggest Risks Are The Ones You Don't See
- Analysis On Top Dividend Stocks Of Hayman Capital
- How the Fed Bluffs the Financial System
- Euro and Swiss Franc Fall to New Record Lows Against Gold
- Are All Precious Metals Vaults Equal? – SouthPark’s AAAAND IT’S GONE!!
- Bank of Japan Contemplates More Asset Purchases
- Gold Glitters
- Deutsche Bank explains why we hoard gold
- Netanyahu – U.N. Must Draw Bright Red Line against Iran Nuclear Bomb Development
- 30 second guide to gold fixing
- Central banks will keep pushing gold higher, Lassonde tells King World News
- Gold Sets Records in Euros and Francs on Currency Concerns
- A Conspicuous Absence of Window Dressing
- Gold in Euros Sets New High as Crisis 'Escalates'
- Precious Metals Roundtable: Turd Ferg and Doc Silver
- The Greatest Threat to Gold Ownership
- One Hour with David Icke
- Greg Hunter's Weekly Wrap Up
- Bullion Performance is Not Just Weak Dollar Story
- Gold Sets Records in Euros and Francs on Currency Concern
- Hedge Funds Bullish on Silver as Hoard Nears Record
| What the analyst consensus for gold is telling us Posted: 28 Sep 2012 12:15 PM PDT
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| An Untold Run In Silver And Gold Has Begun To Unfold Posted: 28 Sep 2012 11:55 AM PDT By David Alton Clark: The Gist These precious metal stocks were originally on my radar in August. European Central Bank President Mario Draghi stated in July the ECB was prepared to do whatever it takes to preserve the Euro. This advanced the EU currency versus the dollar and created a reflationary trend which sparked a rally in precious metals. I was bullish on silver and gold before, yet with the latest performance of precious metals coupled with favorable announcements by the ECB and the Fed, I am now extremely bullish. Gold just had the best quarterly performance since 2010. I believe the stocks and ETFs in this article could continue to have significant moves upward in the fourth quarter. Silver Wheaton Corp. (SLW) is up the most with a 17% gain since my recommendation to buy the stock in an article I wrote on August 24th. The SPDR Gold Shares (GLD) is up 6% Complete Story » |
| Posted: 28 Sep 2012 11:52 AM PDT By Tom Lydon: Policymakers in India are working hard to implement more stringent guidelines than seen over the past decade. Exchange traded funds focused on India are set to gain attention as the economy begins to build back up. Monty Agarwal, managing partner and chief investment officer of MA Managed Futures Fund, says the government has taken bold steps to support the rupee by attracting foreign investments and cutting the budget deficit. The rupee's recent strength over the U.S. dollar has helped push the economy into the upward momentum it needs to start growing again. The WisdomTree Dreyfus Indian Rupee ETF (ICN) is up about 5% year-to-date, reports Trang Ho for Investor's Business Daily. The recent announcement of QE3 by the Federal Reserve has helped push investors back into riskier assets. The economy in India grew 5.5% over the first quarter and the fiscal deficit has grown 5.9% of GDP, reports Neena Mishra Complete Story » |
| Commodity ETFs To Fight Inflation Posted: 28 Sep 2012 11:46 AM PDT By Tom Lydon: As the Federal Reserve extends its money printing spree to stimulate the economy, the extra cash sloshing around could eventually stoke inflation. However, investors can use commodity ETFs to help protect themselves against inflation and rising prices. Inflation can diminish or erase annual returns, but Jared Cummans for Commodity HQ points out that there are commodity ETFs that may help an investor keep up with the effects of quantitative easing. Gold and related ETFs, like the SPDR Gold Trust (GLD), have been one of the go-to assets to help maintain an investor's purchasing power. As the U.S. dollar depreciates, the precious metal will benefit as a store of wealth. However, it should be noted that gold doesn't always move higher with inflation. Silver, like gold, should also do well for the similar reasons, but it is slightly more volatile as the metal also has greater industrial demand. Cummans suggests the Complete Story » |
| Will The Loonie's Popularity Last? Posted: 28 Sep 2012 11:40 AM PDT By Ralph Shell: If we can use the Canadian dollar futures markets as a barometer, speculators have become quite bullish on the loonie. In our quarterly review of the volume changes in currency trading, we noted the remaining open interest in the C$ was 207K contracts when the September futures contract expired. This compares to only 97K open when the June futures expired. The big buyers of the loonie have been speculators. In the last COT report, the specs net long had gone up to 139.3K. Trade in the Canadian dollar is so popular that the open interest was, at 208K, is only a little shy of the euro OI at 218K. The specs' rationale for buying the loonie is straightforward. Canada, financially, is a well managed country, and a producer of oil and other commodities. Globally, the big central bankers are going to increase liquidity, which has bulled commodities in the past. Complete Story » |
| Gold - The Biggest Risks Are The Ones You Don't See Posted: 28 Sep 2012 11:16 AM PDT By Paul Price: Extensive money printing (QE programs) has led many traders to stock up on Gold via ETFs, ETNs, physical coins & bars and through shares of precious metal mining companies. The urge to own hard assets in a soft money environment makes sense on an intuitive basis. (click to enlarge) The first two of those statements appear indisputable. Is gold really an inflation hedge? That is subject to debate. Gold peaked in 1980 at about $850 per ounce. Gold bottomed in 2000 near $250 per ounce. Annual inflation in the early 1980s was running in the double-digits. The 1990s calmed down but still saw significant price increases during each and every year. (click to enlarge) CPI (1980 to 2000) inflated by a cumulative 137.24%. Gold decreased in price by 70.58% (from a high of $850 to $250). (click to enlarge) Underperforming by a factor of 207.82% over a 20-year period would Complete Story » |
| Analysis On Top Dividend Stocks Of Hayman Capital Posted: 28 Sep 2012 10:42 AM PDT By Osman Gulseven: By Abby Tabuga Hayman Capital is a hedge fund management company founded by Kyle Bass in 2006. The Texas-based hedge fund is reported to have leveraged $110 million into $700 million, when it betted against the subprime borrower during a wave of U.S. foreclosures in the end of 2007. According to Whalewisdom.com data, Hayman's market value as of the second quarter is $87.9 million. Recently, Hayman cautions the market in The Australian Financial Review that the Australian dollar may be massively overvalued due to the buying spree of the currency by foreign central banks. Earlier this month, Hayman was reported to have purchased 5.6 million shares of Sealy. Shares of Sealy have been performing well recently along with Tempur-Pedic, which has announced to acquire Sealy for $1.3 billion. During the second quarter, Hayman's portfolio is divided almost evenly through various sectors - technology, utilities, basic materials, services, consumer goods, and Complete Story » |
| How the Fed Bluffs the Financial System Posted: 28 Sep 2012 09:25 AM PDT
from mybudget360.com: The US is facing a long trend of aging Americans entering into retirement or what can be viewed as life post-work. The vision of sitting on the sand in some resort villa is largely a dream. Nearly half of American when they leave this world go out broke like a country western song. Today as the stock market is nearing peak levels, one out of three Americans has no savings. Yet the headline unemployment figures have moved lower giving the impression that things are better but a large part of this is happening because we have less Americans in the labor force. In fact, our labor force participation rate is as low as it was over 30 years ago. So of course if you shrink the labor pool you have more room to play with the headline figures. It is crucial to understand this because the economy is operating under a false sense of success. The housing market is now being propped up via the Fed and QE3 but this is at a cost of a multi-trillion dollar Fed balance sheet. Plus, why do you want to increase home values when Americans are facing falling income? The unemployment rate is a poor proxy of what is really going on in the overall economy. Keep on reading @ mybudget360.com |
| Euro and Swiss Franc Fall to New Record Lows Against Gold Posted: 28 Sep 2012 09:13 AM PDT
from goldcore.com: Today's AM fix was USD 1,781.00, EUR 1,374.65, and GBP 1,098.77 per ounce. Silver is trading at $1,670.75/oz, €26.96/oz and £21.52/oz. Platinum is trading at $1,670.75/oz, palladium at $637.90/oz and rhodium at $1,075/oz. Gold climbed $26.00 or 1.48% in New York yesterday and closed at $1,777.30. Silver surged to hit a high of $34.74 and finished with a gain of 2.15%. Euro gold rose to a new record high at €1377. Gold prices are up on Friday, as the new austerity budget from Spain was received favourably and it increased the appetite for higher risk assets, sending bullion, commodities – brent crude oil at $112, the euro and equities to rise. Keep on reading @ goldcore.com |
| Are All Precious Metals Vaults Equal? – SouthPark’s AAAAND IT’S GONE!! Posted: 28 Sep 2012 09:12 AM PDT
from wealthcycles.com: In our free premium article Why Buy Gold Now?, published July 11, we laid out the three big reasons to buy gold now, imploring families, institutions, corporate treasurers and anyone with a pulse to exchange paper for gold, then priced in the 1500s. Now Barclays has announced that "since QE3, the number of enquiries we're getting about buying gold have gone up," and that it is opening a brand new precious metals vault in London to celebrate. But is storing one's metals in a vault owned by a bank a wise choice? Barclay's announcement means demand for for gold is rising. According to Barclays, "The vault caters for institutional investors, sovereign wealth funds, central banks and commercial banks." But before we look at the details behind whether a precious metals vault is a precious metals vault, we need to understand demand. Keep on reading @ wealthcycles.com |
| Bank of Japan Contemplates More Asset Purchases Posted: 28 Sep 2012 09:10 AM PDT
from goldmoney.com: Gold and silver have been performing strongly over the last 24 hours, with the yellow metal now making tentative steps above $1,780. Silver is closing in on $35, while the Dollar Index is down 0.18% since the start of the day, as markets react positively to new budget proposals from the Spanish government, aimed at getting the country's deficit under control. This has staunched the bleeding in Spanish bonds, and pushed stocks and commodities higher. Elsewhere, the steady drip-drip of disappointing economic data continues. US durable goods orders for August disappointed, while Q2 GDP growth was revised down. In Japan today, new data shows consumer prices dropped by 0.3% compared with the previous year, while new industrial output data disappointed. Keep on reading @ goldmoney.com |
| Posted: 28 Sep 2012 07:30 AM PDT The biggest winners thus far that may have resulted from newly communicated central bank intentions are not the euro or the broad stock markets but rather gold and gold-related investments. |
| Deutsche Bank explains why we hoard gold Posted: 28 Sep 2012 07:28 AM PDT |
| Netanyahu – U.N. Must Draw Bright Red Line against Iran Nuclear Bomb Development Posted: 28 Sep 2012 07:22 AM PDT CNBC's short description of the video below reads: "Israeli Prime Minister Benjamin Netanyahu addresses the UN General Assembly, and says "the red line must be drawn on Iran's nuclear enrichment program because these enrichment facilities are the only nuclear installations that we can definitely see and credibly target." "Today a great battle is being waged between the modern and the medieval. The forces of modernity seek a bright future in which the rights of all are protected; in which an ever expanding digital library is available in the palm of every child; in which every life is sacred. (While) the forces of medievalism seek a world in which women and minorities are subjugated; in which knowledge is suppressed and in which, not life, but death is glorified. … Israel stands proudly with the forces of modernity. It is because Israel cherishes life it cherishes peace and seeks peace." "To imagine a world with a nuclear armed Iran just imagine a nuclear armed al-Qaida." "At this late hour there is only one way to peacefully prevent Iran from getting atomic bombs and that's by placing a clear red line on Iran's nuclear weapons program." -- Israeli PM Benjamin Netanyahu
Source: CNBC Comment: The hour is late indeed. Radical Islam's intolerance and desire for world domination will be its undoing in time. |
| 30 second guide to gold fixing Posted: 28 Sep 2012 07:20 AM PDT This is Money |
| Central banks will keep pushing gold higher, Lassonde tells King World News Posted: 28 Sep 2012 06:58 AM PDT |
| Gold Sets Records in Euros and Francs on Currency Concerns Posted: 28 Sep 2012 06:44 AM PDT
from caseyresearch.com: Yesterday in Gold and Silver As per usual, the gold price didn't do a whole heck of a lot in Far East or early London trading. The London low was set at noon BST…7:00 a.m. Eastern time…and the gold price edged higher from there, but that tiny rally ran out of gas shortly after the Comex open. From there it traded sideways until 11:30 a.m. in New York…and then rallied all the way up to its high of the day…$1,781.70 spot…which came about an hour later, just minutes after 12:30 p.m. Once that high was in, the price backed off a few dollars and traded virtually ruler flat into the 5:15 p.m. electronic close. Keep on reading @ caseyresearch.com |
| A Conspicuous Absence of Window Dressing Posted: 28 Sep 2012 06:14 AM PDT
 click to enlarge
 click to enlarge The silver futures Commitment of Traders tells the tale – large specs (and small specs) more long out the yin-yang than they've been in quite a while… we'd like a piece of the precious metals rally but not at current prices.
Is there a market analogy in there somewhere?
A Toast to Volatility, 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...
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| Gold in Euros Sets New High as Crisis 'Escalates' Posted: 28 Sep 2012 05:22 AM PDT US dollar gold prices hovered near seven-month highs above $1,780 an ounce for most of Friday morning's London trading – a few dollars up on where they started the week – while stocks failed to hold early gains. |
| Precious Metals Roundtable: Turd Ferg and Doc Silver Posted: 28 Sep 2012 04:46 AM PDT In this podcast: The Doc and Turd Ferguson state from altinvestorshangout: ~TVR |
| The Greatest Threat to Gold Ownership Posted: 28 Sep 2012 04:44 AM PDT This article is refereneced in a post by Scorpio in his thread http://www.goldismoney2.com/showthre...d-Confiscation. I thought it was good enough to have it's own thread. The Greatest Threat to Gold Ownership Published on Monday, 19 September 2011 15:31 Written by Jeff Thomas If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies. You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely your holdings in gold are your lifeline; your hope to get you through these times while holding on to your wealth. But have you ever given it any thought to the possibility of having this lifeline confiscated by the authorities? In my conversations with friends and associates, I have often raised this question. The typical responses: "They'd never do that." "I'll deal with that if and when it happens." "I just wouldn't give it to them." I consider these wishful thinking responses. It's an interesting thought that the greatest threat to gold and silver investment might not be the possibility of losing on the speculation, but the government taking it away from you. It's a thought that I've found few want to even think about, let alone discuss. If you fall into this camp, you're in good company. Some of those forecasters whom I respect most highly also treat it either as "unlikely" or, at best, "something we may need to look at in the future." To date, in conversing with top advisors worldwide, the two primary reasons they believe gold will not be confiscated: "Confiscation would mean the government acknowledges the reality of the value of gold." Yes, this is quite so. They would be changing their official view… which, of course, they do all the time. But I submit that all that they need to do is put the proper spin on it. "They would meet greater resistance than they did back in '33." I expect that this is also true, but that a plan will be put in place to deal with that resistance. We'll address both of these assertions in more detail shortly, but first, a bit of history. In 1933, Franklin Roosevelt came into office and immediately created the Emergency Banking Act, which demanded that all those who held gold (other than personal jewelry) turn it in to approved banks. Holders were given less than a month to do this. The Government then paid them $20.67 per ounce – the going rate at the time. Following confiscation, the Government declared that the new value of gold was $35.00. In essence, they arbitrarily increased the value of their newly-purchased asset by 69%. (This is enough reason alone to confiscate.) Today, the US Government is in much worse shape than it was in 1933 and they have much more to lose. The US dollar is the default currency of the world, but it's one that's on the ropes, which means the US economic power over the rest of the world is on the ropes. I think that readers will agree that they will do anything to keep from losing this all-important power. The US has essentially run out of options. At some point, the fiat currencies of the First World will collapse and some other form of payment will be necessary. Yes, the IMF is hoping to create a new default currency, but that, too, is to be a fiat currency. If any country were to produce a gold-backed currency in sufficient supply, that currency would likely become the desired currency worldwide. Fractional backing would be expected. As most readers will know, the Chinese, Indians, Russians and others see the opportunity and are building up their gold reserves quickly and substantially. If these countries were to agree to introduce a new gold-backed currency, there can be little doubt that they would succeed in changing the balance of world trade. That said, the US Government is watching these countries just as we are and they are aware of the threat of gold to them. The US ostensibly has approximately 8,200 tonnes of gold in Fort Knox, although this may well be partially or completely missing. Additionally, they ostensibly hold a further 5000 tonnes of gold in the cellar of the New York Federal Reserve Building. Again, there is no certainty that it is there. In general, the authorities don't seem to like independent audits. In fact, there are rumours that the above vaults are nearly or completely empty and that the above quoted figures exist only on paper rather than in physical form. While there is no way to know this for sure, it's not out of the question. Either way, if the US and the EU could come up with a large volume of gold quickly, they could issue a gold-backed currency themselves. It's a simple equation: The more gold they have = the more backed notes they can produce = the more power they continue to hold. By seizing upon the private supply of their citizens, they would increase their holdings substantially in short order. Either that or they could just give up their dominance of world trade and power… What would you guess their choice would be? It is entirely possible that the US Government (and very likely the EU) have already made a decision to confiscate. They may have carefully laid out the plan and have set implementation to coincide with a specific gold price. So, how would this unfold? Let's imagine a fairly extreme scenario and ask ourselves if it could be pulled off effectively: The evening news programmes announce that the economic recovery is being hampered by wealthy private investors who, by hoarding gold, are skewing the value of the dollar and threatening the middle and poorer classes. The little man is being made to suffer while the rich get richer. A press campaign to equate gold ownership with greed ensues. The Government announces the Second Emergency Banking Act, advising the public that, "the first EBA was instituted by FDR to solve this same problem during the Great Depression. This act was instrumental in helping the little man 'recover'." (As the average man on the street doesn't know his history or how wrong this statement is, he'll believe it. Besides, the announcement has a "feel good" message and that's all that matters.) Possessors of gold, who make up a small minority of the population, would become pariahs. It won't matter that the guy who owns two gold Maple Leafs is not exactly a greedy, rich man. No one will wish to be seen to resist confiscation. Neither will they wish to go to prison for resisting, no matter how remote the possibility. The US pays for the gold – in US dollars, which are rapidly headed south. Yes, the Fed will need to print more fiat dollars in order to pay them off but this suits their purpose, as it inflates the dollar even more. Those who have turned in their gold will do whatever they can to unload the US dollars as quickly as possible and will need to find another investment at a time when there are very few trustworthy investments other than gold. The stock market would likely rise, showing the public how the gold confiscation program is "working". One last scary possibility: The Government demands that gold is turned immediately and that settlement will occur following confiscation. After confiscation, they announce that, as there have been such a large number of cases of rich people ripping off the little man, processing them all could take months, possibly even a year or more. A further announcement states that some investors have made an unreasonable profit on the backs of the poor and that they should not be granted this profit. This profit must be returned to the people. (You can almost hear the cheers of the people.) Then they set about making assessments. They find that most investors do not have formal, acceptable receipts for every coin in their possession. So, if you paid $1200 for a Krugerrand a couple of years ago, you get paid $1200. If you bought it at $250 in 1999, you get paid $250. But if you have no receipt in an acceptable form, you get a "fair" median payment, say, $500, regardless of when you bought it. Appeals: Each investor will be allowed up to one year to appeal the decision of the Treasury as to what is owed him. Of course, the investor knows that the dollar is sinking rapidly and he would be wise to shut up and take what he is being offered. Again, this hypothetical scenario is an extreme one. The reader is left to consider just how likely or unlikely this scenario is and what that would mean to his wealth. But bear this in mind: If the above scenario were to take place soon, the average citizen would have mixed feelings. They would be glad that the evil rich had been taken down a peg, but they would worry about the idea of Government taking things by force because they might be next. It would therefore be in the Government's interests to implement confiscation only after the coming panic sets in – after the next crash in the market, after it becomes plain to the average citizen that this really is a depression and he really is in big trouble. Then he will be only too glad to see the "greedy rich" go down, and he won't care about the details. As terrible as the thought is, it seems unlikely to me that the government will not confiscate gold, as they have little to lose and so much to gain. Those who own gold would prefer to think that this cannot happen, but they have quite a lot riding on that hope and precious little evidence to support it. To my knowledge, this is the first article that directly outlines the worst case scenario. It is entirely possible that this scenario will not take place, just as it is possible that confiscation will not take place. The purpose of this article is to hopefully spark some serious discussion – both for and against the possibility. Investors are, by their very nature, planners. It may take a community of investors to develop a legal plan to deal with the above eventuality. Time to get started. http://www.internationalman.com/glob...gold-ownership |
| Posted: 28 Sep 2012 04:43 AM PDT Alex Jones welcomes British Author and renowned New World Order investigator David Icke to expose the large strides towards bringing about total financial collapse and public enslavement. from thealexjoneschannel: ~TVR |
| Posted: 28 Sep 2012 04:42 AM PDT The Prime Minister of Israel, Benjamin Netanyahu, was drawing a red line of his own on a crude picture of a bomb. from usawatchdog: Don't laugh, because he was really talking to the U.S. audience in illustrating his point that Iran is getting close to building a nuclear weapon. It was simple, but effective. Earlier in the week, Iran's President Mahmoud Ahmadinejad rejected charges that his country was becoming a nuclear threat to the world. We've all heard about the "unlimited" QE (money printing) by the Federal Reserve it says is to revive the economy. Now, the Fed has announced it is ready to bail out the EU if things spiral out of control. The ECB also has an "unlimited" printing money policy. Is there any wonder why gold is surging and everyone is predicting higher prices? Join Greg Hunter of USAWatchdog.com as he gives his analysis on these stories and more in the Weekly News Wrap-Up. ~TVR |
| Bullion Performance is Not Just Weak Dollar Story Posted: 28 Sep 2012 04:39 AM PDT The gold spot price looks likely to rise about 11% in Q3 to about $1,777 while still about 7.5% lower than the peak, but it recently peaked in Indian rupee, euro and Swiss franc terms, showing monetary stimulus benefits gold. |
| Gold Sets Records in Euros and Francs on Currency Concern Posted: 28 Sep 2012 03:27 AM PDT  Gold climbed to a record priced in euros and Swiss francs on concern that central banks' moves to boost economies will devalue currencies, spurring demand for the metal as an alternative investment. Bullion for immediate delivery in London reached 1,379.32 euros an ounce and has rallied 14 percent this year, data compiled by Bloomberg show. Gold priced in dollars rose 13 percent this year to $1,771.30 by 4:49 p.m. local time and is trading 7.8 percent below the all-time high set in September 2011. The commodity set a record 1,667.18 Swiss francs today and peaked in Indian rupees earlier this month. |
| Hedge Funds Bullish on Silver as Hoard Nears Record Posted: 28 Sep 2012 03:27 AM PDT  Hedge funds are the most bullish on silver in seven months and investors' holdings are expanding toward a record on speculation the metal will outperform gold as central banks seek to boost growth. Wagers on rising prices jumped 10-fold since June, U.S. Commodity Futures Trading Commission data show. Investors bought 717.2 metric tons valued at $797 million through exchange-traded products this quarter, the most in a year, according to data compiled by Bloomberg. Prices will increase for at least the next three quarters and average $38 an ounce in the three months through June, or 9.9 percent more than now, based on the median of 14 analyst estimates compiled by Bloomberg. |
S&P futures are down 6 to 8 handles 15 minutes or so prior to market open. This represents a conspicuous lack of "window dressing" on the last day of the quarter, when money managers are likely to paint the tape, and improve their quarterly statements, by topping up their favored holdings. Being a Friday, we will also get to see how much conviction there is, re, taking longs home into the weekend… a slide into the close would be seriously no bueno (for bulls)…| You are subscribed to email updates from Gold World News Flash 2 To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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