saveyourassetsfirst3 |
- LIT In Depth: The 5-Minute Guide To The Lithium ETF
- How To Play Marc Faber's 20% Market Drop Prediction
- Beyond GLD: 5 Golden ETF Alternatives
- Gold Stocks Dominate Bullion
- SilverFuturist: Silver Better NOT Be the Money of the Masses
- Andy Hoffman talks with Kerry Lutz
- Snip: Gold and SILVER
- Pollock: iPhones and Precious Metals
- This Key Chart Continues To Worry The Gold & Silver Bears
- Significant Monetary Change Is Likely Headed Our Way
- Embry – Relentless Demand Setting Gold Up For A Big Move
- Gold: Stage Three – Up Down UP Down UP
- IN THE BELLY OF THE BEAST
- What to Buy If You Already Have Metals?
- What’s the Book Value of Germany’s Gold Reserves?
- 'Pause in Monetary Policy' sees Gold Below $1,710
- Japan's Reactor Unit 4 on Verge of Disaster
- Gold & Silver – When Voting Summons Inflation
- FLASH: German Gold Report Reveals Secret Sales That Likely Were Part of Swaps
- What is China really doing in the gold markets?
- Chinese Gold Imports Through August Surpass Total ECB Holdings, Imports From Australia Surge 900%
- Alasdair Macleod: Gold bullion flowing from West to East
- Casey Research: The New Trend in Gold
- Mike Kosares: Golden solution or golden folly?
- Jim Rickards - Gold...and Currency Wars Simulation
- Is Mitt Romney a threat to the gold price?
| LIT In Depth: The 5-Minute Guide To The Lithium ETF Posted: 23 Oct 2012 11:49 AM PDT By CommodityHQ: By Carolyn Pairitz When it comes to commodity investing, there are a few big players that tend to gather the majority of investor attention. Futures products like crude, gold, and natural gas gobble up headlines, while others like sugar and aluminum tend to fall by the wayside. Commodities like zinc and tin have far more practical industrial use than something like gold, yet their respective volumes come nowhere near the coveted precious metal. For those investors looking to make a commodity play that brings you closer to the ground in an economic sense, there are a number of strong options available. Perhaps one of the most interesting and overlooked plays comes from lithium. Lithium is a soft metal that appears a silver-white color, and trace amounts of it are actually detectable in all living organisms This alkali metal is not the most popular when it comes to trading volume, but Complete Story » |
| How To Play Marc Faber's 20% Market Drop Prediction Posted: 23 Oct 2012 11:48 AM PDT By CommodityHQ: By Jared Cummans Marc "Dr. Doom" Faber has amassed quite the following in the financial world given his outspoken nature and uncanny ability to time the markets. This year has seen Faber urge investors to store their gold overseas and a Complete Story » |
| Beyond GLD: 5 Golden ETF Alternatives Posted: 23 Oct 2012 11:30 AM PDT By CommodityHQ: By Jared Cummans The introduction of the SPDR Gold Trust (GLD) in 2004 forever changed the world of gold investing. The physically-backed ETF cracked the precious metals world wide open, as it now became possible for the average Joe to add gold exposure to a basket of holdings. Since debuting, GLD has amassed nearly $75 billion in total assets and is by far the most popular commodity ETF in the world. But for all of the attention this juggernaut attracts, investors often forget to look for alternative ways to gain the same exposure, especially given the controversy surrounding this product. Below, we outline five ETF alternatives for anyone looking to make a play on this precious metal without using GLD.
Complete Story » |
| Posted: 23 Oct 2012 09:56 AM PDT |
| SilverFuturist: Silver Better NOT Be the Money of the Masses Posted: 23 Oct 2012 09:42 AM PDT The masses are going broke and losing their jobs. The are selling assets at a discount to pay their bills. Are strong enough hands buying silver? That is for you to determine for yourself. from silverfuturist: Do you want to know how markets work? Enter in "silver" as the keyword, and find an auction nearby and see for yourself! http://www.auctionzip.com/ ~TVR |
| Andy Hoffman talks with Kerry Lutz Posted: 23 Oct 2012 09:40 AM PDT |
| Posted: 23 Oct 2012 09:39 AM PDT More tungsten gold and why silver is THE metal you want and Latest data shows countries still buying massive amounts of precious metals from jsnip4: Latest data shows countries still buying massive amounts of precious metals ~TVR |
| Pollock: iPhones and Precious Metals Posted: 23 Oct 2012 09:37 AM PDT All issues have duality, therefore If China is a Currency Manipulator then the US would be a country of Iphone manipulators. The current election will not address any issue of merit, instead it will distract people enough to provide a temporary safety-valve as we march into the breakdown crisis. I would expect that the "ability to price" goods services labor and assets will be distorted to such an extent that finding a metric of value for exchange will be impossible to derive. The "inability to price" in crisis will have a profound impact on the convertibility of everything including gold and silver. Eventually, hard assets will transcend the crisis while you personally may not. I was talking to this issue off the cuff thus it may require more analysis. ~TVR |
| This Key Chart Continues To Worry The Gold & Silver Bears Posted: 23 Oct 2012 08:38 AM PDT
from kingworldnews.com: On the heels of today's action in gold and silver, KWN is continuing to track the incredibly important chart that is deeply troubling to the gold and silver bears. Acclaimed trader Dan Norcini had provided this chart exclusively to King World News along with some comments. Today KWN spoke with Norcini to get an update. It should be noted that right now gold is hitting new highs in the access market, and part of yesterday's strength is definitely related to the action in the HUI and XAU gold mining indexes…. Keep on reading @ kingworldnews.com |
| Significant Monetary Change Is Likely Headed Our Way Posted: 23 Oct 2012 08:36 AM PDT
from kingworldnews.com: On the heels of continued volatility in gold and silver, today the firm that is calling for $10,000 gold released an excellent commentary. Paul Brodsky and Lee Quaintance are founding partners at QB Asset Management and the piece they put together below is outstanding. Keep on reading @ kingworldnews.com |
| Embry – Relentless Demand Setting Gold Up For A Big Move Posted: 23 Oct 2012 08:35 AM PDT
from kingworldnews.com: Today John Embry told King World News, "You have to remember that anybody who thinks gold isn't a good investment here is voting for currency and the US dollar, and to me that's almost an impossible argument to make." Embry also stated, "Under typical circumstances, with the weakness in the gold price and the Dow (on Friday), the gold stocks would normally have been decimated." Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: "I've said to you before, Eric, that I was a little wary on gold because of the large open interest which developed over the last three or four months. I was also concerned with the upcoming election in the US because a rising gold price sends a poor message for the incumbent. So I thought gold would meet a fair amount of resistance in here, and it has." Keep on reading @ kingworldnews.com |
| Gold: Stage Three – Up Down UP Down UP Posted: 23 Oct 2012 08:35 AM PDT |
| Posted: 23 Oct 2012 08:20 AM PDT Asset markets should now be in the final 3-5 days of this intermediate degree profit-taking event. We are moving into the belly of the beast, so to speak. This is that period of time during an intermediate decline where things start to look really bad. The media always confirms the decline with multiple stories of gloom and doom. Don't be fooled though, this is just a normal profit-taking event and it happens like clockwork about every 20-22 weeks (although sometimes QE can stretch the cycle to over 30 weeks). The stock market is now 19 weeks into its intermediate cycle, which generally lasts 18-22 weeks. So we are well into the timing band for that major bottom. The daily cycle is on day 35 which generally lasts about 35-40 days. So we are now in the timing band for that smaller cycle bottom also. Gold is 22 weeks into its intermediate cycle, which generally runs 18-25 weeks, and 19 days into its daily cycle which averages 18-28 days. Considering that the stock market is right in the timing band for its cycle bottom we could see a bottom any day now. However considering that this current daily cycle was left translated (topped in less than 20 days), the market should move below the prior daily cycle low before bottoming. Left translated cycles generally form a pattern of lower lows and lower highs.  My best guess is that risk assets will find a bottom at about the same time the dollar tests the 200 day moving average.  While I wouldn't rule out a marginal move above the 200, I think it's safe to assume that Bernanke has broken the dollar rally with QE3, and that any move above the 200 will be brief and roll over quickly. Once the dollar resumes the secular bear trend all asset markets should form intermediate bottoms and begin the next leg up in the cyclical bull market for stocks, and secular bull market in gold. It's important that traders not get sucked into the rhetoric during this final bottoming process. Investors are about to get another one of those great buying opportunities, especially in mining stocks For a more in-depth explanation of what is transpiring go to the SMT premium newsletter. $10 one week trial.        This posting includes an audio/video/photo media file: Download Now |
| What to Buy If You Already Have Metals? Posted: 23 Oct 2012 06:27 AM PDT Although precious metals attempted to bounce back from Friday's sell-offs on Monday, they resumed their downward path with a vengeance this morning. Tripped up by a significantly stronger US dollar, spot gold prices fell to a fresh six-week low. |
| What’s the Book Value of Germany’s Gold Reserves? Posted: 23 Oct 2012 05:44 AM PDT Gold edged down on Tuesday, in tandem with equities that relinquished gains, however demand from jewelers supported prices as investors await a policy statement from the US Federal Reserve meeting to be released on Wednesday. |
| 'Pause in Monetary Policy' sees Gold Below $1,710 Posted: 23 Oct 2012 05:34 AM PDT Wholesale prices for gold bullion dropped below $1,710 an ounce ahead of Tuesday's US session, its lowest level in over six weeks, as stocks and commodities also fell and the Dollar rallied, with two weeks to go until the US presidential election. |
| Japan's Reactor Unit 4 on Verge of Disaster Posted: 23 Oct 2012 04:37 AM PDT Ground under Fukushima Unit 4 sinking, structure on verge of complete collapse Though the mainstream media has long since abandoned the issue, the precarious situation at the Fukushima Daiichi nuclear power facility in Japan is only continuing to worsen, according to a prominent Japanese official. During a recent interview, Mitsuhei Murata, the former Japanese Ambassador to both Switzerland and Senegal, explained that the ground beneath the plant's Unit 4 is gradually sinking, and that the entire structure is very likely on the verge of complete collapse. from newshd1: This is highly concerning, as Unit 4 currently holds more than 1,500 spent nuclear fuel rods, and a collective 37 million curies of deadly radiation that, if released, could make much of the world completely uninhabitable. As some Natural News readers will recall, Unit 4 contains the infamous elevated cooling pool that was severely damaged following the catastrophic earthquake and tsunami that struck on March 11, 2011. According to the Secretary of former Japanese Prime Minister Naoto Kan, the ground beneath Unit 4 has already sunk by about 31.5 inches since the disaster, and this sinking has taken place unevenly. If the ground continues to sink, which it is expected to, or if another earthquake of even as low as a magnitude six occurs in the region, the entire structure could collapse, which would fully drain the cooling pool and cause a catastrophic meltdown. "If Unit 4 collapses, the worse case scenario will be a meltdown, and a resultant fire in the atmosphere. That will be the most unprecedented crisis that man has ever experienced. Nobody will be able to approach the plants … as all will have melted down and caused a big fire," said Murata during the interview. "Many scientists say if Unit 4 collapses, not only will Japan lie in ruin, but the entire world will also face serious damages." Because there are 31 nuclear units of a similar type to Unit 4 in the U.S., the American government has been downplaying the disaster to protect its own reputation, alleges Murata. This is, in fact, the primary reason why so little has been reported on the severity of Fukushima following the disaster. The American empire, in other words, does not want the world, nor the American people, to know that there is the possibility of literally dozens of Fukushima situations occurring on American soil, should the right disaster situations arise. ~TVR |
| Gold & Silver – When Voting Summons Inflation Posted: 23 Oct 2012 03:58 AM PDT As the democratic masses increasingly sense that their living standards are becoming threatened, they have been blindly authorizing their governments to do "whatever it takes" to arrest the impending economic collapse. |
| FLASH: German Gold Report Reveals Secret Sales That Likely Were Part of Swaps Posted: 23 Oct 2012 03:22 AM PDT ¤ Yesterday in Gold and SilverAfter the obligatory sell-off during the first hour at the Sunday night open in New York, the gold price rebounded once trading began in Tokyo. After gaining back all the loss from New York, the gold price crawled higher for the rest of the Monday trading day everywhere on Planet Earth. Gold closed at $1,729.50 spot, up $9.00...almost on its high of the day...which was 1,730.90 spot...and that particular price was printed around 12:50 p.m. in New York. Volume was close to 116,000 contracts, which was pretty light.
It was much the same story in silver, although the high tick of the day [32.56 spot] came at the London p.m. gold fix at 3:05 p.m. BST...10:05 a.m. in New York. Both silver and gold rallied during the electronic trading session after the 1:30 p.m. Eastern time Comex close...and silver, too, almost finished on its high of the day at $32.45 spot...up 38 cents. Volume, around 31,500 contracts, was light.
The dollar index opened at 79.63...and then spent all of Monday chopping around between 79.65 and 79.50...and then closing at 79.56, virtually unchanged. Nothing to see here.
The gold stocks gapped up a percent at the open...and then flopped around in positive territory for the rest of the trading session, before rallying strongly into the close...with the HUI finishing virtually on its high tick of the day at 502.47...up 1.37%.
The silver stocks did even better...and Nick Laird's Silver Sentiment Index closed up 2.21%.
(Click on image to enlarge) Here's a new chart that Nick has been working on...at my request. It shows the intra-day price movement of the seven stocks that make up the SSI. It's not a 'live' chart...but a compilation that Nick will be doing at the end of each trading day. This is his first effort...and it's still a 'work in progress'...but I doubt very much that the final product will look a lot different than what you see here...which is OK by me.
(Click on image to enlarge) It's interesting to compare it to the HUI. As you can see, the silver stocks trade in a very similar pattern to the gold stocks. The only difference is in the magnitude of the gains and losses, one vs. the other. I don't like to use the word 'volatile'...because it's my opinion that this volatility is mostly produced by JPMorgan et al. The CME's Daily Delivery Report from Monday was a pretty quiet affair, as zero gold and 15 silver contracts were posted for delivery on Wednesday. I was somewhat surprised to see that an authorized participant added 87,226 troy ounces of gold to GLD yesterday...and there were no reported changes in SLV. The U.S. Mint had a sales report yesterday. They sold 2,500 ounces of gold eagles...1,000 one-ounce 24K gold buffaloes...and a chunky 432,500 silver eagles. The Comex-approved depositories reported receiving 124,939 troy ounces of silver on Friday...and shipped 809,362 troy ounces out the door. The link to that activity is here. Just as a point of interest, here is an e-mail that I sent to Rick Waugh, the CEO of the Bank of Nova Scotia...or Scotiabank as it's now called. It had to do with the big change in the October Bank Participation Report. As you can tell, I sent it yesterday...and I'll let you know what answer I get, if any. 22 October 2012 Attention: Mr. Rick Waugh, CEO Dear Mr. Waugh, I'm a keen observer of the financial scene, both here in Canada and abroad...but my main area of expertise is in the precious metal markets. I write a daily blog on this subject for Casey Research out of Stowe, Vermont...and here is the link to my webpage. Part of my reading material includes two reports that are issued by the U.S. Commodity Futures Trading Commission...the CFTC. The most notable of those are the weekly Commitment of Traders Report and the monthly Bank Participation Report. If you click on the Bank Participation Report link, you'll note that the CFTC has included a comment about its October figures that took quite a few people who follow this report, completely by surprise...including me. The comment states... "The October 2012 Bank Participation Report includes COMEX gold and COMEX silver futures and options positions for a newly classified non-U.S. bank, based upon the entity's self-description on its latest CFTC Form 40. Given the methodology of the Bank Participation Report, the entity's most recent Form 40 submission results in all of its futures and options positions now being included within the report. For more information on the methodology used for the Bank Participation Report, see Explanatory Notes" [Emphasis is mine. - Ed] Looking through the list of market-making members of the LBMA...my first thought was that the bank most likely to fit that description would be The Bank of Nova Scotia - Scotia Mocatta. So I called Andy Montano at your head office about a week ago. We had a pleasant chat...and he said that he knew nothing about it. I asked him who might know...and he had no suggestion. So I thought I would write directly to you, sir. All I need to know is if the "non-U.S. bank" that the CFTC is referring to in its comments above...and on its Bank Participation Report home page...is The Bank of Nova Scotia - Scotia Mocatta. A simple 'yes' or 'no' answer will suffice. Thank you for your attention in this matter...and I remain, Yours truly, Edward Steer, Editor Ed Steer's Gold & Silver Daily Here's a chart that I just didn't have room for in Saturday's column, so here it is now. It's Nick Laird's "Transparent PM Holdings" graph, which I've posted on countless occasions over the years. As you can see, it's still progressing from "lower left, to upper right" as Dennis Gartman is wont to say.
(Click on image to enlarge) This next chart is courtesy of Washington state reader S.A...which I just know he stole from somewhere...probably Zero Hedge...and it requires no further embellishment from me.
(Click on image to enlarge) Since this is my Tuesday column, I have a lot of stories for your consideration today...and a lot of them are must reads/views, so I hope you have the time to do them all justice. The gold world is totally opaque...and the central banks of the world would love to keep it that way. Germany getting suspicious about gold to the point of taking action. Lawrie Williams: What is China really doing in the gold markets? Jim Rickards: Gold...and Currency Wars Simulation. Jeff Clark: The New Trend in Gold. ¤ Critical ReadsSubscribeCaterpillar cuts profit forecast as global economy slowsCaterpillar has cut its profit forecast for this year as the world's biggest maker of construction and mining equipment is squeezed by a slowing global economy. The US manufacturer has temporarily laid off some of its almost 130,000 employees and reduced production to compensate for the decline in demand. The warning comes with just over two months of the year remaining and is significant, because Caterpillar's operations in countries like China and Brazil allow investors to take the pulse of the global economy. Sales in China, which is a major buyer of Caterpillar's flagship trucks, declined in the third quarter. This story showed up in The Telegraph at 2:29 p.m. BST yesterday afternoon...9:29 a.m. Eastern time...and I thank Roy Stephens for our first story of the day. The link is here.  The U.S. Middle Class: Negative $4,019The Presidential race is boiling down to one dominant issue: which party's policies will do more to help the financially stressed American middle class. President Obama's campaign theme is that Mitt Romney and the Republicans cater to the rich, while Mr. Obama cares about struggling families. He may care, but he sure hasn't done much for them. New income data from the Census Bureau, tabulated by former Census income specialists at the nonpartisan economic consulting firm Sentier Research, reveal that the three-and-a-half years of the Obama Presidency have done enormous harm to middle-class households. In January 2009, the month President Obama entered the Oval Office and shortly before he signed his stimulus spending bill, median household income was $54,983. By June 2012, it had tumbled to $50,964, adjusted for inflation. (See the chart nearby.) That's $4,019 in lost real income, a little less than a month's income every year. This story was from The Wall Street Journal way back in August, but the story and the embedded chart are still worth looking at. I borrowed it from yesterday's edition of the King Report...and the link is here.  Fed considering upping QE3 size and languageAfter historic changes last month, Federal Reserve officials this week will discuss a possible expansion of the size of its third round of bond buying and better ways to guide markets about future policy actions. At its two-day meeting that starts today, the Fed may abandon its calendar date.approach to forward guidance and adopt some form of numerical target for policy, analysts said. And the central bank [may] consider whether to expand its bond-buying at the end of the year to take account of Treasury purchases under its Operation Twist plan that finishes at year-end. This MarketWatch story was picked up by the finance.yahoo.com Internet site yesterday...and I thank West Virginia reader Elliot Simon for bringing it to our attention. The link is here.  Corzine, banks push to end MF Global fraud lawsuitJon Corzine's lawyers say allegations that he fraudulently ran MF Global Holdings Ltd make "no sense" and that a lawsuit seeking to hold him and others responsible for the futures brokerage's bankruptcy must be thrown out. Corzine, former colleagues and several banks, including JPMorgan Chase & Co and Goldman Sachs Group Inc, filed papers on Friday night to dismiss investor litigation over MF Global's collapse. The company's October 31, 2011, bankruptcy was Wall Street's biggest meltdown since 2008. Plaintiffs led by the Virginia Retirement System and the province of Alberta, Canada, have accused MF Global in the U.S. District Court in Manhattan of inflating its ability to manage risk, obscuring risks from a big bet on European sovereign debt and improperly accounting for deferred tax assets. This Reuters story showed up on the finance.yahoo.com Internet site yesterday...and I thank Manitoba reader Ulrike Marx for sending it along. The link is here.  HFT Wins...Investors Lose: Alan NewmanThe special edition by Alan is your first must read of the day. It's very long...but what he has to say is more than worth your time, or I wouldn't be posting it. Alan has been around for a long time...and I was reading his stuff back in 1999 when I first got on the Internet. It was posted on the cross-currents.net website on October 12th...and I thank reader U.D. for sharing it with us. The link is here.  Parallel Universes in Paris and Berlin Is the Franco-German Axis Kaput?The most recent European Union summit exposed deep differences between German Chancellor Angela Merkel and French President François Hollande. Berlin wants Brussels to be bestowed with greater power over national budgets and Paris is calling for an end to austerity. The dispute threatens to intensify the euro crisis. Since the days of former German Chancellor Konrad Adenauer and former French President Charles de Gaulle, Germany and France have generally been run by politicians who placed more value on unity than their differences. The axis between former German Chancellor Helmut Schmidt and former French President Valéry d'Estaing axis proved to be just as resilient as the partnership between their successors, Helmut Kohl and Francois Mitterand. Under Merkel and Hollande, however, the German-French partnership threatens to deteriorate into nothing but a façade. The two politicians, who hold the fate of the continent in their hands, greet each other politely with kisses on the cheek, and their respective public relations staffs extol their "professional" and "trusting" cooperation. In truth, however, the relationship began on a cool note and has since slipped below the freezing point. Hollande doesn't want to forgive Merkel for having campaigned for his conservative opponent, former President Nicolas Sarkozy. Now the Chancellery suspects that Hollande is secretly planning a campaign for Merkel's challenger from the center-left Social Democratic Party (SPD), former Finance Minister Peer Steinbrück. This story, which was originally entitled "Crisis-of-confidence-develops-between-Merkel-and-Hollande", was posted on the German website spiegel.de yesterday...and is courtesy of Roy Stephens. It's well worth reading...and the link is here.  Ambrose Evans-Pritchard: Japan to join currency wars as exports slumpJapan is poised to join the world's "currency wars" as it battles a triple crisis of crashing exports, recession, and a suffocatingly-strong yen. The country's exports plunged 10.3 percent in September from a year ago, dimming hopes of rapid recovery in the Far East. Exports to Europe crashed 21 percent. Shipments to China f |
| What is China really doing in the gold markets? Posted: 23 Oct 2012 03:22 AM PDT  Is China building its gold reserves surreptitiously? The balance of probabilities suggests it is - and perhaps at a faster rate than many would contemplate. |
| Chinese Gold Imports Through August Surpass Total ECB Holdings, Imports From Australia Surge 900% Posted: 23 Oct 2012 03:22 AM PDT  First it was more than the UK. Then more than Portugal. Then a month ago we said that as of September, "it is now safe to say that in 2012 alone China has imported more gold than the ECB's entire official 502.1 tons of holdings." Sure enough, according to the latest release from the Hong Kong Census and Statistics Department, through the end of August, China had imported a whopping gross 512 tons of gold, 10 tons more than the latest official ECB gold holdings. We can now safely say that as of today, China will have imported more gold than the 11th largest official holder of gold, India, with 558 tons. |
| Alasdair Macleod: Gold bullion flowing from West to East Posted: 23 Oct 2012 03:22 AM PDT  The transfer of gold from Western central banks to Eastern central banks in recent years amounts to a policy of price suppression by the former, GoldMoney research director Alasdair Macleod writes today. He says Western nations thus "are left with no 'Plan B' in the event of a monetary crisis. A global collapse of paper money, which is inevitable if current monetary policies are not reversed, will give Asians considerable wealth relative to the rest of us. History will surely judge the central bankers' promotion of ephemeral paper at the expense of gold in the harshest terms." |
| Casey Research: The New Trend in Gold Posted: 23 Oct 2012 03:22 AM PDT  It's not too often that you see a major shift within the gold market. The last such recalibration in sentiment for gold investors was the introduction of the first gold-backed ETF in 2004, and the subsequent explosion in exchange-traded products (ETPs) for bullion and precious-metals equities. Today, another tidal change is under way, as the flow of funds into structured bullion products ebbs. I think this shift - as you'll read about in a moment - signals two things. First, it confirms that growing numbers of investors are increasingly nervous about the reckless monetary and fiscal paths being pursued on a global scale. Identifying this trend early on will let investors position themselves accordingly. |
| Mike Kosares: Golden solution or golden folly? Posted: 23 Oct 2012 03:22 AM PDT  Mike Kosares of Centennial Precious Metals in Denver heaps skepticism on the idea of using European central bank gold as some sort of collateral for government bonds. The gold is probably gone or otherwise hypothecated into oblivion already, Kosares notes. His commentary is headlined "Golden Solution or Golden Folly?" I borrowed the headline and the introductory paragraph from a GATA release yesterday. The article is posted over that the usagold.com Internet site...and the link is here. |
| Jim Rickards - Gold...and Currency Wars Simulation Posted: 23 Oct 2012 03:22 AM PDT  This 8:19 youtube.com video with Jim Rickards was done with investigative reporter, Ted Goldenberg. As always, I consider anything that involves Jim Rickards worth watching or reading...and this clip is no exception. Jim spends a lot of time talking about gold. I thank reader 'David in California' for digging it up for us...and the link is here. |
| Is Mitt Romney a threat to the gold price? Posted: 23 Oct 2012 03:15 AM PDT As the US presidential election draws closer, many continue to wonder how the outcome will affect financial markets. Among gold market observers, there has been speculation about how the metal might ... |
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