saveyourassetsfirst3 |
- The Golden Nugget That Makes Traders Wealthy Trading AAPL, RIMM And Gold Stocks
- Why the S&P 500 & Gold Rallied in the Face of Negative News
- Silver: Technical Silver and Market Chart Analysis
- Jim Marrs: The Shadow Government and UFOs
- Sarah Eisen's 'Currencies After The Crash'
- The 'Crash JPMorgan' Campaign
- Will MGTs '088 Patent' Lawsuit Hurt These 4 Gaming Giants?
- Ted Dekker: The Incarceration Industry
- Silver: How Silver is Manipulated – Jeff Nielson
- Billionaire Ken Fisher's Top 5 Dividend Stocks
- Links for 2012-11-24 [del.icio.us]
- $300,000 In Gold Dust Found In Sacramento Home During HVAC Installation
- The Three Gold Camps
- Rothschild: Geoengineering
- BIG MOVES COMING IN DECEMBER, JANUARY & FEBRUARY
- Balmoral Acquires 100% Interest in Detour East Property
- Huldra Silver Announces initial 2013 exploration plans at the Treasure Mountain Mine and an Update on Operations
- Central Bank Gold Rehypothecation Scandal to take Gold to $5,000/oz
- Rising production costs put a $1,300 floor under the gold price - article
- Even if Gold Is Stupid, Its Still Smart
- WHEN IRISH EYES ARE SMILING: The Story of Canada's Gold?
- Treasury Owns the U.S. Gold Reserve
- Rick Rule: Be a Risk Manager, Not a Reward Chaser
- Casey Research: Even if You Hate Gold, You Should Buy It
- Delays in Bullion Delivery
- Turkey confirms that gold exports are linked to purchase of Iranian gas
| The Golden Nugget That Makes Traders Wealthy Trading AAPL, RIMM And Gold Stocks Posted: 25 Nov 2012 12:23 PM PST
I know most Apple enthusiasts will be rolling their eyes with my analysis and that's fine because the rest of us need people to buy our shares as we unload long positions or sell Apple short . All joking aside, the charts below clearly show some very interesting information you cannot afford to overlook. At minimum, take a quick glance at the charts which tell the full story on their own… The Four Stages of AAPL & RIMMMarkets are cyclical in nature. There is a constant process of expansion and contraction, rally and decline that continues as the market determines the theoretical fair value of a security. The sum of these moves forms an unquestionable cyclical pattern consistent within all time frames. During a cycle a stock enters different phases of support, from irrational exuberance typically found before its peak, to periods of widespread discontent where its price is continually punished. However there are never distinctly good or bad stocks. Every "good" stock will eventually become a bad one and vice versa. There are however good trades; trades that reward an investor who has correctly anticipated a move and positioned himself accordingly. It is important to note that this works with commodities like gold and silver which are trading at a VERY interesting point in their life cycle. Looking at various time frames in GLD and SLV you can see this. Classic economic theory dissects the economic cycle into four distinct stages: expansion, trough, decline and recovery. A stock is no different, and proceeds through the following cycle:
While these stages are historically defined over long time periods they actually exists in all time frames, allowing traders to take advantage of a cycle regardless of their trading time frame. Fortunately this phenomenon, known as a "fractal", exists within all security markets. A fractal is simply a rough geometric shape that can be subdivided into smaller parts that have the same properties; a smaller version of the whole. This is important to understand because through technical analysis as we are often analyzing multiple time frames. In the short term, the four stage model may repeat itself many times. The combination of these short term cycles form a medium term cycle, and the combination of multiple medium term cycles form a long term cycle. Recognition of these cycles is paramount in trading success. The Four Stages Profile: This signature profile happens over and over again in the market and all the great leaders eventually become laggards. REAL LIFE PROFILES:
Variety in TradingInvestment securities (stocks, ETF's, options, futures) can be described as being similar to different types of athletes, each with their own unique style and personality. Some can be characterized as sprinters, participating in quick bouts of movement but tiring quickly. Others could said to be more similar to a marathoner, enduring prolonged courses in one direction without pause or interruption. When I look to make a trade I look for sprinters as historically I have had the most success with them. Other investors like pension and mutual funds are more interested in the long term marathoner that provides steady performance. There is no one way to trade; each method can be equally profitable or unprofitable. It ultimately comes down to what style works best for you, and the only way that can be determined is through trial and error. Different phases, different strategiesAs noted above, the market alternates between periods of trending activity and periods of consolidation. In a trend (stages 2 and 4) there will be an expansion of the price range in one direction. An uptrend will have a series of higher highs and higher lows (stage 2), while a down trend will produce lower highs and lower lows (stage 4). In a consolidation there will be a contraction of price range prior to a reversal in trend. This neutral stage is avoided by trend traders. A stock in stage 1 or 3 is typically correcting itself after having experience a prolonged move in one direction. These corrections are found after periods of extreme movements that often conclude with emotional and undisciplined trading at peaks and troughs. Trading these two stages is quite different than 2 and 4, and this book will teach you how to manage your risk and trade these stages responsibly. A short term consolidation within a primary trend is one area where we want to study the price action of a security for clues as to whether there will be a resumption in the trend, continued consolidation, or reversal. Sometimes however it is difficult to identify any order or consistency on any given time frame. If you are a trend trader these periods should be avoided. Trading has enough inherent challenges already and at all times a successful trader will only be searching out those trades that have a high probability of being profitable. Trading is all about finding an edge or an advantage and exploiting it for maximum profit. If there is no such edge than there is no reason to be involved. I will say this now and again many other times: Sometimes the best trade is no trade! Naturally, regardless of the stage a stock is in or your conviction of its direction, risk of financial loss is always inherent in trading and this is critical to always keep in mind. The most successful traders are not immune to this and they too will have unprofitable trades. The key is to minimize those loses by only trading those stocks that have the highest probability of being profitable. This is what separates the profitable and professional traders from those that lose money.
Emotions and Lifecycle AnalysisHistory has an uncanny ability to repeat itself. Whether it's the rise and fall of an empire or the rise and fall of a stock, there are clear cycles that are prevalent throughout history. People may change, but human nature, and our ability to act, react and overreact is simply an innate part of our being. This predictability is what forms the basis of technical analysis and provides a trader with an edge with which to trade upon. When we are analyzing cycles we really are analyzing emotions, trying to gain insight as to how market participants are behaving. Upon conducting such analysis it can at times seem that markets are be behaving "irrationally" and out of order. Undisciplined traders often fall victim to their emotions and lose control of their objectivity. As people behave irrationally, so too does the market, and unfortunately these conditions can persist for long period of times. John Maynard Keynes is often quoted for suggesting that "The markets can remain irrational longer than you can stay solvent." This is a harsh reality and puts great emphasis on the importance of discipline, risk management, and a keen eye for price action. Emotions are what separate the successful traders from those that lose money. They can be regarded as a relentless opponent, often showing up without warnings and striking you at inopportune times. The successful trader is able to recognize their presence and maintain objectivity, constantly assessing their own strengths and weaknesses. There will ultimately be times where you can't control your emotions; however you can always control how you respond to them. Any time you recognize that your emotions are influencing your outlook you are already one step ahead of the average market participant. It is at this point that you step back, refocus your perceptions, examine the price action, and then take the appropriate action. An understanding of herd or mob mentality is important in trading and can provide you with an edge over the average participant who doesn't contemplate what is happening around them. In a mob or riot, we never know what the feelings and motivations are of all the individual participants. There are however certain emotions that seem to appear at distinct times and a certain predictability in their development. A stock's price action is no different. While we never know the underlying feeling and motivations of all participants, there are distinct emotions that are shared by the herd at various stages of a stock's life. An understanding of these emotions and their implications on the price action of a stock is an advantage that the profitable trader maintains. The Stock Market Lifecycle could be explained in much more detail, but this report gives you the foundation of stock / index trading cycles. I will be covering this topic in a future video with much more detail.
The Apple Money Tree Is Losing Its Leaves…
The Fruit War – Apples Top While Berries BottomIt is very interesting that AAPL shares topped the same week rim shares bottomed. Could the BB10 be the turnaround for Research in Motion? Either way the market is somewhat predictable as traders and investors buy the rumor that BB10 will be good, and they sell the news once it arrives no matter the outcome good or bad. Jan 30th is when it's unveiled so we could see RIM shares continue to claw its way out of the grave.
RIM – Daily Chart Look of Price Pattern
Conclusion:Knowing this information is crucial to survival as this cycle happens on all time frames (1 minute chart all the way up to yearly charts). Harnessing this information for trade selection and timing greatly reduces the amount of trades you take, while focusing only on new leaders which have massive upside potential. You can see some of my trade ideas which are in Stage 1 Accumulation mode getting ready for takeoff here: http://stockcharts.com/public/1992897 Judging from the recent price action in the broad market (SP500, NASDAQ, DOW, IWM) along with AAPL shares which have a large impact on index price direction. I feel the market is setting up for a strong Santa Clause rally in the coming week. 2013 looks like it will be a VERY exciting year for trading and investing as several sectors, stocks, and foreign country indexes are in Stage 1 Basing patterns about to start a new bull market. These major plays will become part of my trading alert service at www.TheGoldAndOilGuy.com from this point forward. Chris Vermeulen
|
| Why the S&P 500 & Gold Rallied in the Face of Negative News Posted: 25 Nov 2012 12:19 PM PST The amount of negative news that we have seen recently has been mind-blowing. Europe is going into recession, Greece and several other countries are on the verge of bankruptcy, the Middle East is a powder-keg, and the U.S. is facing a fiscal cliff. Shockingly for most retail traders, the past week has produced a very strong return for U.S. equity indexes as well as risk assets in general. Retail investors often times consistently lose money because they focus on the financial media and all of the negative news that is out there. Trust me, as a longer term trader and investor, there is never an absence of negative news or potentially poor economic possibilities. This is not to say that markets cannot decline, investors just need to understand that markets are cyclical in nature and do not ever move in a straight line. Based on what I was reading from most of the financial blogosphere recently, you would think that the entire world was about to end. A few blogs were calling for an all out collapse late last week or a possible crash this past Monday, November 19th. As is typically the case, the market prognosticators were wrong with the calls for a crash or an absolute collapse in financial markets. Unlike those blogs, members of my service at TradersVideoPlaybook.com were getting information indicating that we were expecting higher prices. At our service, we lay out regular videos covering a variety of underlying assets from the S&P 500 Index and oil futures, to gold and treasury futures. The focus is purely on analysis of various underlying assets across multiple time frames. We cover intraday time frames as well as daily and weekly swing time frames throughout the week with videos and written updates. To put into perspective what we were seeing in the marketplace on Monday November 19th, the following chart was sent out to our members during intraday trading that day.
As can be seen above, the target we were expecting was at the top of the recent channel. As shown directly on the chart above was my comments that if the 1,410 level on the S&P 500 Index could be taken out to the upside, the bulls would have an opportunity to move prices higher into the end of the year. The daily chart of the S&P 500 Index after the close on Friday November 23.
As can be seen above, the S&P 500 Index moved right into the expected target price range and closed literally at the very top end of the range shown above. If prices move considerably higher, the bulls will have broken the descending channel and higher prices will likely await. Next week's price action is going to have a dramatic impact on the price direction of the broader market indexes. One important aspect that I would point out to readers is that the large move higher shown above came on exceptionally light volume due to the holiday week. In light of that, a strong reversal cannot be ruled out. Caution is warranted regardless of a trader or investor's directional bias. One of the most important charts to monitor over the past few weeks has been the U.S. Dollar Index futures. Typically a stronger Dollar has been bearish for equities and risk assets in general. However, on Friday we saw a very strong selloff in the U.S. Dollar Index futures as shown below.
As can be seen above, the U.S. Dollar Index futures closed on Friday right at a key support level having given back much of the recent gains. If the Dollar continues to move lower it should put a floor under stock indexes and push risk assets higher overall. Two major moves higher occurred in light of this weakening Dollar on Friday in both gold and silver futures. The precious metals had a very strong move higher after the U.S. Presidential election and have been consolidating now for a few weeks. Prices in both gold and silver had strong moves higher on Friday which were accompanied by very strong volume. The daily chart of gold futures is shown below.
Gold futures had a huge move higher today supported by strong volume. Based on today's action, I believe that we will see the $1,800 / ounce resistance level tested in the near term. Seasonally speaking, this time of the year is bullish for gold and silver and should the strong seasonality correspond with a weak U.S. Dollar much higher prices likely await in the precious metals sector. Members of TradersVideoPlaybook were made aware that I was expecting very strong action in both gold and silver when they broke higher after nearly testing their 200 period moving averages. At the time, I told members that as long as the breakout from the consolidation zone from the July – August time frame held as support, higher prices were likely and that is just what we have seen. Overall, I believe that the quarters ahead should be strong for both gold and silver. Time will tell whether oil futures and the broader equity markets will also move higher. I continue to believe that monitoring the Dollar Index futures closely is an important part of assessing the directional bias to expect in the months ahead. We have a lot of negative news in the headlines, but Mr. Market has fooled most investors and traders alike the past week. If you were one of those investors that were fooled, consider taking advantage of our weekend special by clicking the link below: Take care and Happy Trading! Risk-FREE 30-Day Trialonly $1 for the first 30 days!JW Jones This material should not be considered investment advice. J.W. Jones is not a registered investment advisor. Under no circumstances should any content from this article or the TradersVideoPlaybook.com website be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This information is for educational purposes only.
|
| Silver: Technical Silver and Market Chart Analysis Posted: 25 Nov 2012 05:09 AM PST Silver: Technical Silver Chart Analysis from EndlessMountain from endlessmountain: Part One Part Two ~TVR |
| Jim Marrs: The Shadow Government and UFOs Posted: 25 Nov 2012 05:06 AM PST Investigative journalist Jim Marrs discussed a variety of topics and conspiracies, including sequestered UFO technology used by the Nazis during WWII. Some of their saucer technology may have been turned over to American and British forces after the war, he said. I think we're dealing with both humans and aliens and "this could explain the extreme secrecy [of the US government]…they don't want anyone to know about any truly secret advanced technology that we're working on; they certainly don't want anyone to know there's a potential enemy out there that has technology that supersedes our own," he commented. from c2cplanet: There's a growing consensus that some type of energy manipulation like "vortex gravitics" could be used for UFO propulsion systems, he said, noting how in some UFO encounters cars completely shut down, which suggests that time has stopped while under the craft's energy field. Many types of free energy systems have been suppressed over the years, said Marrs, citing the "radiant energy" work of Thomas Henry Moray. Marrs addressed the idea of a "shadow government," and described how the same families or financial powers, centered in Wall St. or London, "created communism in Russia…national socialism in Germany, and now they are pushing us into Marxist socialism in this country," in their conspiracy to control the world. He also previewed his forthcoming book, The Trillion Dollar Conspiracy, which looks at how the New World Order, man-made diseases, and "zombie banks" are destroying America. ~TVR |
| Sarah Eisen's 'Currencies After The Crash' Posted: 25 Nov 2012 05:05 AM PST By Brenda Jubin: Will the U.S. dollar maintain its status as the world's reserve currency? Will the euro or the IMF's SDR become viable alternatives? How will China's policies affect global currency balances? Will gold continue to reassert itself as more of a currency than a commodity? The nine authors whose original essays are collected in Currencies after the Crash: The Uncertain Future of the Global Paper-Based Currency System, edited with commentary by Sara Eisen of Bloomberg TV (McGraw-Hill, 2013), tackle these and many other topics that every investor should understand. Not only is forex the largest exchange market, with an average daily trading volume of $3.98 trillion in 2010, but currencies are a key component of most corporate earnings. The contributors to this volume- Jörg Asmussen, Peter Boockvar, Megan Greene, Stephen L. Jen, Robert Johnson, Papa N'Diaye, James Rickards, Gary Shilling, Anoop Singh, and John Taylor- do not all belong to the Complete Story » |
| Posted: 25 Nov 2012 04:55 AM PST By Pater Tenebrarum: by Keith Weiner It is now the second anniversary of a campaign to "crash" JPMorgan (JPM) by encouraging people to buy silver (see Max Keiser). The idea is that JPMorgan has a large naked short position in silver. If people buy physical silver it will drive the price up and deprive JPMorgan of the metal it would need to cover its short position, thus causing prices to rise further until JPMorgan collapses. I don't want to waste any more electrons debunking this conspiracy theory. I have written many times on this topic, most recently in my Open Letter to Ted Butler. I want to call attention to something else. There is an old cliche in America, "cutting off your nose to spite your face." It is usually said in admonition when someone is doing something out of spite, and he will be the primary victim. If it were true that Complete Story » |
| Will MGTs '088 Patent' Lawsuit Hurt These 4 Gaming Giants? Posted: 25 Nov 2012 04:55 AM PST By Dividend Kings: The gaming industry, at least as that phrase applies to gambling, was especially hard hit in the financial collapse of the last decade, and many of the players have not recovered. Adding to the general malaise is that some of the companies within gaming industry have become among the chief players in the country's "patent wars", the cottage industry of acquiring patents for little more reason than looking for cases where those patents are being violated, and instituting litigation. One such recent lawsuit has captured public attention, and a fair amount of confusion surrounding this lawsuit involves MGT Gaming's United States Patent No. 7,892,088 ("the '088 Patent") entitled "Gaming Device Having a Second Separate Bonusing Event." The patent application was filed in October 2001, and granted in February 22nd, 2011. MGT Gaming is majority-owned by MGT Capital Investments (MGT), a tiny (market cap of about $14.5 million) company with ongoing Complete Story » |
| Ted Dekker: The Incarceration Industry Posted: 25 Nov 2012 04:53 AM PST Best-selling author Ted Dekker joined John B. Wells for a discussion on America's incarceration complex and the societal forces that fuel this billion dollar industry. from c2cplanet: ~TVR |
| Silver: How Silver is Manipulated – Jeff Nielson Posted: 25 Nov 2012 04:52 AM PST |
| Billionaire Ken Fisher's Top 5 Dividend Stocks Posted: 25 Nov 2012 03:29 AM PST By Insider Monkey: By Jake Mann Ken Fisher is widely regarded as one of the most knowledgeable money managers of our time, and since 1997, Fisher Investments' stock picks have outperformed the broader market averages by more than five percentage points a year. In the hedge fund world, any outperformance is regarded as a gold star, so to speak, but the ability to consistently generate alpha this high is truly remarkable. As is the case with many investors, Ken Fisher has a particular penchant for dividend stocks. Let's take a look at the fund manager's top five dividend stocks in order of market value. Each has a yield of at least 2%, and based on recently updated third quarter 13F data. Here's Ken Fisher's full 13F portfolio. Pfizer Inc. (PFE): Taking the top spot in Fisher's equity holdings is mega-cap biopharmaceutical giant Pfizer, which accounts for nearly $800 million worth of his portfolio. In the third quarter, Fisher upped his stake in Pfizer by a whopping 45%, though the stock has been down by a couple percentage points since the end of the period. Though the company beat the Street's earnings estimate by a cent in Q3, and has trounced consensus in each quarter of 2012, shares still trade at a measly forward earnings multiple of 10.6X. Now, some investors may argue that Pfizer doesn't have another Lipitor-level drug in its pipeline (this billionaire was selling last quarter) but a planned $10 billion share buyback and its partnership with GlaxoSmithKline (GSK) to develop an experimental HIV drug do give reason to be bullish, and may be why Fisher boosted his position last quarter. Pfizer currently yields 3.6% with a payout ratio of 67.7%. Johnson & Johnson (JNJ): As the second largest stock pick in Fisher's 13F portfolio, we can begin to get the picture that the billionaire fund manager loves high-yield pharma stocks that are trading at a discount. Johnson & Johnson is expected to see earnings growth of 6-7% a year over the next half-decade - a massive improvement from the past five years, where growth actually fell - but its stock trades at a modest 12.7 times year-ahead EPS, and shares sport a book value more than 15% below historical levels. Johnson & Johnson pays a dividend yield of 3.5%, and a general penchant for revenue diversification means that investors don't have to feel skittish amid a neutral industry outlook, at least over the intermediate term. Cisco Systems, Inc. (CSCO): At the end of September, Ken Fisher held $721.5 million worth of Cisco stock in his portfolio, a 77% increase from the previous quarter. Over the past six months, shares of the communications equipment tech company have returned a solid 10.9%, as earnings for the FY2012 ending in June amounted to $1.85, a 23-cent increase from the previous fiscal year and two cents above consensus. In its most recent quarter (Q1 2013), Cisco beat Wall Street's estimates slightly with EPS of $0.48, but the company's management expects "Europe to get worse before it gets better," and lowered its estimates accordingly. Cisco now predicts stagnant earnings by the end of Q2 of 2013, and revenue growth in the mid-teens, close to half that of the same time a year ago. At a dividend yield of 3.0% and a forward P/E below 9.0X, there are reasons to be bullish about this stock, but aside from eurozone fears, slowing growth may also be attributable to market saturation. Enterprise networking market share is still dominant, but growth in the service provider segment has been slowing in recent quarters, according to the IDC. General Electric Company (GE): Fisher held over 30 million shares of General Electric at the end of last quarter, good for a market value slightly smaller than his Cisco bet, but it's notable that the fund manager elected not to up his position over this time. GE has benefited from a recovery in the industrial conglomerates sub-industry, in which the S&P holds a bullish outlook on, citing "stronger growth in Asian and emerging markets," double-digit growth in U.S. non-residential investment, and rising capacity utilization rates. While uncertainty over the future of America's medical industry may adversely impact GE's own healthcare division, there aren't too many other reasons to be bearish on this stock, which pays a healthy dividend yield of 3.3% while trading at below-average earnings and cash flow multiples. Fresh off a Q3 earnings release in which earnings rose 49% year over year, sell-side analysts are expecting 11-12% annual EPS growth over the next half-decade, which is in line with United Technologies (UTX) and above what's expected of Koninklijke Philips (PHG). Wells Fargo & Company (WFC): Last but certainly not least, Fisher's fifth favorite dividend stock with at least a 2% yield is Wells Fargo, which accounts for over $640 million of the manager's portfolio. Complete Story » |
| Links for 2012-11-24 [del.icio.us] Posted: 25 Nov 2012 12:00 AM PST
|
| $300,000 In Gold Dust Found In Sacramento Home During HVAC Installation Posted: 24 Nov 2012 11:09 PM PST http://sacramento.cbslocal.com/2012/...-installation/ $300,000 In Gold Dust Found In Sacramento Home During HVAC Installation November 20, 2012 9:09 PM SACRAMENTO (CBS13) – Sacramento homeowners called for what was going to be an expensive new heating and air system but ending up striking gold. Workers installing the equipment found a secret gold stash hidden away in the house. They pride on customer service at Clark & Rush, but this is one guarantee they say they can't make, finding gold on every house call. The total value of what they found was $300,000 worth of gold. The total cost of the HVAC installation was around $6,500. After hundreds and hundreds of HVAC installations, Steve Ottley said the jackpot discovery was one of a kind. "I still can't believe it today," he said. "It's unreal. We kind of just looked at each other and said 'wow'." Back in September, beneath the floor grill of an older home, Steve and his partner discovered 12 baby food jars filled to the brim with gold dust. "I looked at it and said, 'I think that's gold,'" he said. Clark & Rush has been in Sacramento for 50 years and they're celebrating their golden anniversary. But don't expect a guarantee of "gold after every installation." "That's one promise we can't make, but I can say this, the integrity and professionalism of Clark & Rush, every time we find this type of thing, we are always trustworthy and upfront," Mark Thyne said. Where the gold came from is still a mystery. The lucky homeowners didn't want to be part of the story, but we're told they're handling their new gold just fine. And in a moment of honesty, Steve told us for a split-second he considered sneaking off with the golden discovery. "I've had similar incidents happened to me where jewelry and gold was taken from me," he said. Believe it or not, this isn't the first time this has happened at Clark and Rush. Back in the 1980s workers discovered $25,000 worth of gold coins. |
| Posted: 24 Nov 2012 10:30 PM PST |
| Posted: 24 Nov 2012 09:08 PM PST DF Note: Weather manipulation is a big part of the global agenda. Before you criticize others for not being educated on matters financial, ask yourself if you've looked into what's happening with our planet's weather. David de Rothschild speaks highly of nature while at the same time being the biggest threat to all that is natural. Why doesn't he speak out against GMO's or geoengineering? The sad truth is this family will be the false saviours, following the collapse of the dollar and the food supply (food tied to weather). This is how it must be for many, but not for you. Video 1 - from grassyknolltrolls: Why would the Rothschild's be so interested in owning the largest and most recognized weather modeling organization out there? Why would E.L. Rothschild LLC wish to have the controlling interest in the worlds leading provider of interactive weather graphics and data services for television, web, and mobil? Because when you are involved in climate decimating geoengineering programs, you must also control the "forecast" models to cover your tracks. http://www.geoengineeringwatch.org/rothschilds-and-the-geoengineering-empire/ Video 2 - from adventureecology: ~DF |
| BIG MOVES COMING IN DECEMBER, JANUARY & FEBRUARY Posted: 24 Nov 2012 12:49 PM PST Well how was that for the start of a new intermediate cycle? While many analysts were calling for continued losses or even a market crash I repeatedly warned traders that an intermediate degree bottom was coming and that markets routinely rally violently out of those bottoms, often generating 5-8% gains in the first 12 to 15 days. This particular intermediate bottom has already gained 5% in just the first five days. As I've been saying all along, I think the market will easily make new highs in the next two or three months, possibly even significant new highs, or a test of the 2007 top as QE3 starts to work its magic. That being said, stocks and gold are now due for a short-term breather. Why is that you ask, if all markets have just formed major intermediate cycle lows? The reason has to do with the daily dollar cycle. Friday marked the 24th day in the current daily cycle. That cycle generally runs about 18-28 days trough to trough. At 24 days the cycle is well into the timing band for a bottom and bounce.  That bounce should force stocks into a short-term correction, or sideways consolidation, and gold into its next daily cycle low.  However don't be fooled by any short-term corrective move as stocks and gold have all clearly formed major intermediate bottoms. There are always corrective moves along the way, nothing goes straight up, but intermediate cycles don't usually form a final top until sometime around week 12-15. As last week was only week 1 of a new intermediate cycle, we probably don't need to look for a final top until sometime in February, or early March. Coincidentally, that is when the dollar is due to form its yearly cycle low. A yearly cycle bottom is the most severe cyclical decline other than a three year cycle low (the next one of those isn't due until mid-2014). I think we can safely assume that QE3 is going to complete the head and shoulders topping pattern for this particular three year cycle, and just like I said months ago the dollar topped back in the summer when the CRB index formed its final three year cycle low.  The dollar should now head generally lower over the next year and a half with brief bear market rallies similar to what we just experienced. This will drive an inflationary phase that should drive all asset prices higher into mid-2013, and commodities into a super spike in mid-2014 (this is when I expect gold to reach its next C-wave top at roughly $4000). By mid-2013 inflation will start to take its toll on the economy, and stocks will stagnate and begin an extended topping process as inflation continues to surge, similar to what happened in 2007/08.  I think we will experience the same phenomenon this time as QE3 eventually generates the same unexpected consequences and spikes commodity inflation.  Traders need to be prepared next week for some kind of corrective move. Understand this is not the beginning of another leg down, but a second chance to get positioned for what should be a very profitable intermediate degree rally over the next 2-3 months. SMT premium newsletter. $10 one week trial.        This posting includes an audio/video/photo media file: Download Now |
| Balmoral Acquires 100% Interest in Detour East Property Posted: 24 Nov 2012 10:26 AM PST VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 22, 2012) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR)(OTCQX:BALMF) reported today that the Company has agreed to acquire a 100% interest in the Detour East Property, part of the Company's Detour Gold Trend Project in Quebec. The Detour East Property, currently under option to the Company, adjoins the holdings of Detour Gold who are nearing completion of what is slated to become Canada's largest gold mine. The Detour East Property hosts a number of known gold occurrences, including the Lynx and Rambo prospects, and extends for over 20 kilometres along the Sunday Lake deformation zone which hosts the nearby Detour Gold deposit. Under an agreement between the Company and Radisson Mining Resources Inc. (TSX VENTURE:RDS) ("Radisson"), and subject to regulatory approval, Balmoral will acquire from Radisson the entirety of Radisson's retained interest in the Detour East Property by making a cash payment to Radisson of $200,000, issuing in favour of Radisson 300,000 common shares and granting to Radisson a 2% net smelter returns royalty ("NSR") on the mining claims which comprise the Detour East Property. Balmoral may, at any time, purchase the first half of the NSR royalty for a payment of $1,000,000 and may similarly purchase the second half of the NSR for an additional cash payment of $2,000,000. The shares to be issued will be subject to standard 4 month hold provisions from the date of issue. "Today's agreement enables us to further consolidate our holdings along the Detour Gold Trend and acquire a 100% interest in a strategically important and highly prospective property in this emerging gold camp," said Darin Wagner, President and CEO of Balmoral Resources. Under the terms of an existing option agreement between Balmoral and Radisson, the Company had completed payments and work expenditures required to vest an initial 51% interest in Radisson's interest in the Detour East Property. The option agreement provided for a second option whereby Balmoral could have earned an additional 9% interest (for an aggregate 60% interest) in the Property by funding $1,500,000 in additional exploration expenditures, prior to formation of a joint venture to further explore and develop the Property. Upon completion of the acquisition announced today Balmoral will hold a 100% interest in 538 claims, which comprise 97% of the Detour East Property, and a 61% joint venture interest in an additional 18 claims (3%). The latter claims are subject to a participatory joint venture between the Company and Encana Ltd., in which the Company is the operator. About Balmoral Resources Ltd. – www.balmoralresources.com Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery. On behalf of the board of directors of Balmoral Resources Ltd. Darin Wagner, President and CEO This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the completion of the proposed transaction, anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of assay results and business and financing plans and trends, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include those related to weather, equipment and staff availability; performance of third parties; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies and in commodity prices; and uncertainties about the receipt of regulatory approval related to the proposed transaction, availability of additional financing; risks related to the Company's ability to identify one or more economic deposits on the properties, and variations in the nature, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company's ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties. This news release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States. 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 press release. Balmoral Resources Ltd.
|
| Posted: 24 Nov 2012 09:55 AM PST Huldra Silver Inc. has provided details of its upcoming underground diamond drill program and planned surface drill program for the summer of 2013. The company also wishes to announce it has achieved a major milestone in shipping the first concentrates from its mill in Merritt, B.C. The underground drill program is designed to systematically test for mineralization from level 1 to 20 metres below level 2 at the Treasure Mountain mine, ultimately leading to the generation of a National Instrument 43-101-compliant resource estimate for this area. The program will comprise 61 holes, for a total program of 4,400 metres of HQ diamond drill core. The drilling will be conducted from two diamond drill platforms, specifically constructed to allow for optimal drilling of the targeted mineralization from the footwall of the vein. A video displaying the planned drill program can be viewed on the company's website. An initial interpretation has identified two mineralized structures on level 2. The underground drill program follows up on mineralization identified by the company's 2011 surface diamond drilling program and encompasses areas adjacent to holes TM11-26, TM11-9 and TM11-36 which produced the results indicated in the associated table. The complete list of results from the 2011 program is available on the company's website.
The program also builds on the results from 256 chip samples collected along vein exposures on level 2. Highlights from that chip sampling program are presented in the associated table. SAMPLE RESULTS Sample ID Ag (ppm) Pb (%) Zn (%) True width (m) 1582447 1,251 19.76 24.16 0.46 1582450 1,471 16.66 11.65 0.78 1582492 1,253 15.64 3.92 0.12 1582501 3,132 18.29 15.27 0.29 1582507 5,136 46.33 8.49 0.1 1582562 3,589 25.02 8.20 0.44 1582565 1,552 3.47 5.25 0.18 1582568 1,053 0.55 15.64 0.07 1582571 2,929 2.82 33.52 0.06 1582577 4,242 2.15 10.47 0.17 1582578 2,028 0.92 9.01 0.17 1582589 1,002 19.89 1.52 0.22 1582592 1,173 20.86 0.28 0.49 1582595 2,176 25.29 2.98 0.28 1582598 2,291 28.12 6.57 0.27 1614408 3,696 56.60 0.58 0.14 1614445 1,635 3.64 1.16 0.71 1614459 1,538 12.87 2.02 0.06 1614462 1,035 2.97 1.42 0.02 1614465 2,261 5.54 9.60 0.32 1614467 6,624 49.40 8.70 0.3 1614472 6,514 36.88 22.11 0.2 1614477 8,739 44.32 19.57 0.18 1614480 4,986 27.83 12.91 0.04 1614483 3,032 22.70 22.51 0.18 The underground drilling targets are also coincident with a geophysical anomaly identified during a magnetic susceptibility survey conducted over the Treasure Mountain property. The company is also pleased to provide details of its upcoming surface diamond drill program on the Treasure Mountain property. An 8,000-metre surface program is anticipated in the summer of 2013, with the drilling spread across four separate targets. The drilling is designed to test targets identified through geochemical soil sampling and airborne geophysics. The targets to be tested during this program are the:
Results from the 2011/2012 soil sampling program show anomalous Ag values to the south of the camp as well as across the MB zone (2011/2012 soil satellite image) (2011/2012 soil magnetic overly image). A magnetic susceptibility survey identified anomalous geophysical responses across the property, with prospective anomalies identified proximal to the Jensen workings as well as on a feature that appears to connect the Treasure Mountain mine workings with known mineralization located at the East zone. Mining update At the Treasure Mountain mine, the company is currently on track to meet its stated 2012 objective of mining its permitted 60,000 tonnes of mill feed from the underground workings in addition to the previously removed 10,000-tonne bulk sample. The drawdown of stope 1 from level 1 of the mine has been completed. The company is scheduled to complete the backfilling by the end of the week as part of the reclamation program. Once the drawdown of stope 1 is complete, the company is planning on completing the drawdown of stope 3 by the end of 2012 and will be actively mining stope 2. Transportation of mill feed from the mine site to the mill is continuing. Development on the second level of the mine is continuing and preparation of the crosscuts and drill stations required for the first phase of the underground drill program has commenced. Mill operations and concentrate shipping The company is also pleased to announce it has made the first concentrate shipments under the previously announced concentrate purchase agreements. Once independent lab verification has been received, the company will provide monthly totals of the estimated production levels from the mill. The mill is now fully staffed and has been operating 24 hours a day, seven days a week, since Nov. 12, 2012. There are still minor modifications and adjustments being made to the equipment and processing that require brief stoppages from time to time. The company expects to be running at the nameplate 200-tonne-per-day capacity in the near future. Technical information in this news release has been reviewed and approved by Mark Williams, PGeo, a qualified person as defined in National Instrument 43-101. For more information about the company's Treasure Mountain property, see the technical report entitled Technical report, project update, Treasure Mountain property, dated June 7, 2012, available under Huldra's profile on SEDAR. We seek Safe Harbor.
|
| Central Bank Gold Rehypothecation Scandal to take Gold to $5,000/oz Posted: 24 Nov 2012 09:43 AM PST Central Bank Gold Rehypothecation Scandal to take Gold to $5,000/oz Jim Willie - The battle is on for delivery and verification for official gold accounts - Evidence grows that much of it is gone, and when demanded, replaced with urgency - It is soon to transform into a global gold war - The German Govt gold demand to the London and NY City bankers represents a big escalation in the gold war - The central bank coordinated QE to Infinity has brought questions of gold account location and integrity - The Allocated Gold Account scandal is a natural event to follow the LIBOR banker scandal - QE3 will assure a gold rise past the $2000 mark, but the new scandal will take the gold price to $5000 - The powerful gold factors are aligned and in place, led by permanent ZIRP and unlimited QE A nasty Golden Harp could soon have its cords plucked, with the resonance working to shake loose the bankster cover of improper illicit duplicitous and probably highly illegal usage of Allocated Gold Accounts. When diverse scattered accounts are pilfered and depleted without authorization in Switzerland, resulting in several multi-$billion class action lawsuits in Zurich, all kept dutifully out of the news, that is one thing. But when a few key official government gold accounts are ransacked in systematic fashion from established trusted locations, defying and betraying the trust of the German Govt and other national governments, that is quite another. To be sure, the system can tolerate ransacking and replacing with scurried harried efforts the Venezuelan gold account like in 2011. The media told the story with creativity and aplomb, avoiding the truth, inventing a tale, but finding a credible pile of dung to feed the public, which swallowed it whole. The global monetary war has been raging for four years, ever since the Lehman Brothers firm was targeted and destroyed with planning and motivated execution, for the benefit of Goldman Sachs full CDS redemptions and exploit by JPMorgan in war chest reload under cover of bankruptcy court orders. The media prefers regularly to refer to the global financial crisis incorrectly and improperly. A crisis passes after a year or so. This war lingers like WWI and WW2 and Vietnam, with a clear emerging agenda to defend the USDollar regime from global isolation shun, to conceal the USTreasury Bond support mechanisms in derivatives, to avoid the US banking system from grotesque insolvency but kept afloat by grand money laundering channels, and to motivate an endless war to secure resource thefts and control that center on oil fields and the poppy fields. Witness the slow gradual inexorable collapse of the global monetary and financial system. This is a global monetary war as last hurrah for the longest running fiat paper currency regime in modern history, which has run from 1971. The current dying regime has been held up by pressure to maintain USDollar support and not diversify away from it. It has been held up by amplified usage of derivative support in the form of Interest Rate Swap contracts, thereby keeping USTBond yields ultra-low in the face of chronic $1.3 trillion USGovt deficits, and creating an illusion of a flight to safe haven. It has been held up diverse comical USFed support in the form of a cornucopia of liquidity programs, to supply the big US banks with never ending bond redemption and carry trade aid. The current dying USDollar regime has culminated in an admitted permanent monetary policy identified by a toxic 0% official rate and the emerging reality of limitless bond monetization. It has been held up profound distortion of economic statistics, which have become almost laughable in the abuse. To call this a financial crisis is like calling Hurricane Sandy just a bad storm, or calling a devastating drought just a dry spell, or calling raging cancer just a growth aberration, or calling a rape violation just an unfortunate encounter, or calling a death sequence just a passing, or calling a business bankruptcy just a bad skein on its account, or calling a home foreclosure just an opportunity to clean house. The nation and the world are undergoing a death sequence for the USDollar regime, and a vigorous corrupt defense to extend its life, in order to maintain power, to continue gigantic thefts, to perpetuate gigantic bond frauds, and to enable foreign account thefts of the traditional type and related to gold. The hidden motive in the Libyan overthrow of Qaddafi was to steal his 144 tons of gold held in London. The banksters needed it. The action and the reporting of the events were typical distractions laced with fiction. HORRENDOUS STORM DAMAGE The nation is heavily distracted by the Hurricane Sandy, its wind, its water, the resulting floods, the resulting electrical power outage, and ruined businesses, the controversies over flood damage versus wind rain and storm damage for insurance coverage. Look for Sandy to surpass Katrina in its total storm damage, which was $105 billion in 2005. Basic research indicates Sandy and Katrina had much in common, as the mad scientists attempt to play god. The efforts to produce a mild winter a year ago might have had a sling shot effect of generating a potent drought. The path was open for a unique storm, called once in a century, for the NorthEast. My memory is clear of the last hurricane to hit the region, which was Julia. The Jackass taped windows in the Boston area all for naught, since the 50-60 mph winds were nothing but a nuisance and cause for numerous downed trees on power lines. This storm is for the history books, perhaps retaliation by Mother Nature for messing in her kitchen, maybe worse. She always reaps her wrath and delivers her vengeance. The High Frequency Active Auroral Research Program has a shady sinister tone, but it is beyond the scope of the Hat Trick Letter. What Mengele was to medicine, HAARP is to meteorology. What Fort Dietrich is to viral weaponry, it is to weather control and seismic generations. What Monsanto is to modified genetic foods, it is to weather developments. The public seems laughably ignorant of devices to produce earthquakes and to amplify then steer storms, with nuclear power packs. Tesla notes and dreams have indeed come to life. Some personal contacts have close colleagues who actually worked on the project for the Boyz. The delusional dopey derelict US economists have surfaced with their errant vacant viewpoints of a reconstruction benefit boost to the USEconomy. If only all could break windows and direct garden hoses in living rooms, the national economy could recover quickly. The key news item is that finally the New York Stock Exchange was finally shut down for two days due to uncontrollable liquidity and its widespread damage, due to a Hurricane Sandy Weill margin call on systemic failure. No amount of high frequency flashes to dry out the systems could succeed. No amount of plunge protection teams could open the drains beneath the damage. No amount of derivative exercises could bring workers to the trading pits. The storm damage is estimated at $20 to $25 billion, again in a process divorced from the real world. Recall the Fannie Mae bailout estimates for $50 to $100 billion at first. Recall that the Iraqi War costs were $200 to $400 billion at first. The Jackass cited cost forecasts multiples higher, all accurate. Quick footnote on storm aftermath. Think Desert Storm, or Desert Shield, or whatever mucky name they offer. The yellow painted bricks taken from the Iraqi central bank were really gold bricks, stolen, then covered by a lame news network story gobbled up by the incredibly braindead public. In a few weeks, some concocted story might emerge about how the New York Fed was without electrical power, its vault systems left unsecure. The Hurricane Sandy storm damage will reach far past the $100 billion level, probably closer to $200 billion. The center of the impact was the NorthEast, the most densely populated area of the country. Already 20% of the entire US population has been affected, with almost 7 million homes without power. Insurance firms will be depleted, at a time when their income has been hampered by the ultra-low USTBond yields, coupled with mortgage bond losses. The USFed will receive a big boost in destroying final demand, as the central bank has conducted a hidden agenda to keep commodity prices down by harming the general economy and thus reducing final demand. They will next enjoy hypocrisy of high order, as the economy pauses, then energizes with rebuilding and cleanup. The central bankers will talk of a boost and stimulus. The price of lumber and cement might become a problem later on. Time to fix the broken windows and mop up the flooded living rooms. It is all good, as people are back to work, the economic recovery enhanced. GOLD WAR STAGE SET Back to the topic today. The global monetary war has escalated. It began with a profound bond fraud backed by mortgages, often with duplicate usage of income streams. It extended to sovereign bond wreckage, from deep government deficits, from wasteful bank aid to ward off insolvency, and lost trust of heretofore sacrosanct bonds. The war continues. It extended to the desperation by big Western banks to redeem their bonds by USFed and EuroCB largesse, even if illegal, even if unsterilized, even if the averted liquidations wreck the national economies, even if the actions directly result in a higher cost structure, even if bank runs are inevitable. It extended to destabilize further the fragile Middle East nations already beset by rising food prices, so that the departing leaders could either leave with gold wealth (see Tunisia) or have their foreign accounts stolen (see Libya). Tiny Ghana demanded its gold return from London, but suddenly its leader showed up dead. Syria does not have oil wealth, but it does possess valuable ports (see Russian naval port in Tartus). The global monetary war extended to collateral grabs and seizures, like in Greece, but with an entire table full of similar attachments being done in Italy, Spain, France, Portugal, and elsewhere, mostly in deep secrecy. It extended to exert extreme pressures on the European Commission to bend the rules, and to European Central Bank to bend the rules, and on the German High Court to bend the rules. The banker elite require rule changes in order to perpetuate the redemption of their busted portfolios at public expense from additional government deficits. One must be a billionaire to receive public aid, as the commoners need not apply. THE GOLD WAR BEGINS The absence of solutions offered has forced the major central banks into heretic caustic and destructive policies that are stuck in place. The nations involved are all uniformly subjected to the 0% corner, with their monetary spew reaching all corners of the world. The US Federal Reserve leads the way in justifying the highly destructive ZIRP and QE, the powerful 0% free money clarion call joined by endless bond monetization to pay for the wide stream of federal deficits. The Weimar America has produced a Pied Piper effect among the major central banks, coerced by a powerful Competing Currency War factor, where all must join or see their currencies rise to dangerous levels, sufficient to render deep economic damage in the vaunted export trade. The USFed in effect attacks the successful coveted export trades by monetary recklessness. The impact from the Global QE to Infinity, which the Jackass made reference to in 2011 long before other analysts, is to cause a defense from currency debasement. Wealth is under heavy attack. The impact has caused an undercurrent by the US and UK bankers in pursuit of gold supply to satisfy demands, like from Venezuela. The principal sources of gold continue to be the Bank of England, the Bank For Intl Settlements, and the Roman catacombs. The elite are having their gold vaults raided, done as loans to the major central banks and bullion bank centers. Resentment builds. Alternative supply sources have been urgently needed, thus the project in Libya. Thus the MFGlobal thefts. The list goes on, but the need is rising far faster than the channels can be supplied. Desperation has set in with the major bullion bankers and their clever craftsmen who manage markets with leverage, derivatives, and propaganda. The Gold War is escalating, as the insolvent bankrupt and desperate Western bankers are resorting to whatever means to locate gold assets. They have a two-fold double whammy at work. They must find new gold supply in order to shore up their own insolvent systems based upon gigantic flawed paper structures built atop debt structures. They must also find new gold supply in order to satisfy gold demands within the LBMA and COMEX, or else face market defaults that expose the acute shortage of Gold & Silver. The MFGlobal theft of private accounts was a direct assault and crime scene designed to satisfy a Silver market demand delivery schedule. Investors awaiting silver delivery had their accounts stolen. While permitted by regulators and the courts, the warning was given for a call to arms to protect and preserve true wealth held in gold accounts. It must be located and secured before it is stolen by the London and New York bankers. OFFICIAL GOLD REQUESTS AS ESCALATION The bond fraud and gold market fraud and futures brokerage fraud and central bank bond monetizations, and desperate reactions to insolvent broken national banking systems, and continued flow of government red ink in deficits, all these activities have motivated nations to check their gold bank accounts. What they see scares them witless, but it pushes them into action. The demand by Chavez in Venezuela over a year ago served as a stark wakeup call. Imagine mature experienced savvy German bank officials observing a socialist backwater Latino renegade like Chavez leading the way in defense from Western banker corruption and colossal thefts. Finally, the Germans are taking action. They tried in September to view their gold account in the New York Fed, but were turned away with insults and disdain. Word has come that the shun event in the Big Apple was probably the fifth time in the last few years that a German delegation has been turned away. The situation is as complex as it is dicey. The Germans under the Deutsche Bank flagship had been a principal accomplice and cooperative partner in the great gold game, where as a large collusive group they leased national gold, dumped it on the market, supported their paper currencies, while the banking elite speculated and profited in the $trillions on leveraged bets that were basic betrayals of their nation. The Jackass prefers the words financial treason. To use the metaphor, the Golden Harp will be busy causing deep damage to the global financial structures, from its broken bond foundation to its uncollateralized major currencies. The Golden Harp will act as a great destroyer from the financial tectonic plates that stand as the faulty bond foundation, to the stormy ether in which the baseless currencies float in infinite volumes. Some historical research reveals that the infamous Brown Folly had a basis in aiding Deutsche Bank. The Bank of England was directed to sell a huge lot of its national gold treasure between 1999 and 2002 to mark the Gold market bottom. It was not sold, but rather handed to D-Bank in order to satisfy a big margin call. They aided both D-Bank and Goldman Sachs, each heavily short and at risk. The Gordon Brown action was done with two unusual signpost markings. The sale was announced in advance, thus permitting front running by London and New York bank buddies. It was done in auction, to assure the lowest possible price. The actions set the low. But the actions bailed out D-Bank secretly. The aid to GSax was one of a string of ugly pearls, which the arrogant elite firm never seems to mind and never bothers to cover up too effectively. They benefited from the TARP Funds as #1 son in the family. They did work feverishly in 2009 to conceal their Unix box for tapping into the NYSE for peeking at trades, front running them, and skimming pennies on billions of trades. They enlisted the help of the FBI to arrest the Russian rogue, painting him as a villain, even prosecuting him, despite the clear legal violations from the GSax tool. He tried to show the world what scum GSax was, how they were common criminals in white collar crime. Back to Germany. In the summer 2012 months, a significant sequence of events took place. The CEO Josef Ackerman was ousted finally. Few realized that his removal was a key event in the change of tide against the Western banker elite. The story went largely unreported. As leader of D-Bank during many years of solid cooperation with London and New York banker games and gimmicks, he knew too much. My best info source reported last spring that several Interpol agents and high level investigators occupied Ackerman's office while he was present. They obtained files, downloaded documents, and had their way. The shocked CEO made a phone call to an attorney, and was frustrated at the lack of pull. He made another phone call to a ranking judge, but again was frustrated at the lack of pull. He was told that the raid was done from a higher level than the German Govt. The Jackass was told that the raid was the work of a powerful new sheriff in town, with Eastern entity connections, hell-bent on justice, with a no nonsense attitude, with staggering wealth at their disposal. The global monetary war extended in March, April, May, and June to a profound powerful run of gold bullion by Eastern entities against London banks. Margin calls of unusual type prevailed, where cash cannot satisfy the margin calls, where wrecked leveraged bets on currencies and bonds demand action taken to fortify the margin. In all, approximately 6000 metric tons have departed London bank vaults since March, all headed East, in the biggest raids in modern history. The US press, London press, and Western European press have been silent. The silent spring reminds one of the missing bird chatter from DDT decades ago, chronicled by Rachel Carson. The toxic paper has a chemical parallel. These London trades have been the object of Jackass study for a couple months. My firm belief, backed up by hints of confirmation from sources, indicates the Eastern pressures on London banks could involved enormous amounts of Official Gold Accounts and private Allocated Gold Accounts, improperly used (rifled, pilfered, stolen) for the original margin placement. Satisfy the margin call with like kind asset. Conceal the gold account seizures, but in the process the owners recall their gold bullion in huge volumes, with deals cut and secrecy maintained. The London bankers find their nether onions caught in a powerful vise, and the Easterners are hardly in the mood to relieve the pressure. GERMAN AND DUTCH DEMANDS The German Govt demands a full accounting of its official gold accounts held in foreign lands. They demand a careful accounting that involves inspections, weighing, assurance of gold proof, and examination of markings, perhaps even some testing of bar cores. They demand an accounting that cites locations and storage. They demand a full complete audit. The distrust is thick. James Turk, founder of Gold Money, believes the German gold is all gone, used up in the two decades of gold games that defended the fiat paper currency regime. He lives and works in London, has ties there, and probably is privy to the grapevines. The order is part of a compromise between the German central bank and the Audit Court, which has called on the Bundesbank to take stock of its gold holdings outside Germany, saying it has never verified their existence. Apparently, no longer will the word of the New York Fed or the Bank of England be sufficient. They have been caught lying too often. They have been implicated in deep bank corruption too often. They are being depleted of their gold, in regular shipments to cover the demands, the evidence for which is detailed in the October Hat Trick Letter. Call it backlash from the Quantitative Easing and infinite endless unlimited bond monetization that is an absolute guarantee of systemic currency ruin. Call it a backlash from the sequence of rogue bond redemption plans declared by King Draghi at the Euro Central Bank. The Western Governments are scurrying to locate their Gold reserves, realizing that Gold is the only wealth asset they possess, except for the buildings and edifices that house their depleted gutted central banks. My firm belief is that the Gold Wars have reached a new level, where Germany will be disappointed when it learns the gold is gone. To be sure, big distractions and absurd excuses will be offered. The pressure is on. The Dutch have joined the movement in making demands on London and New York. The call to the corrupt fortress is plain: WHERE IS OUR GOLD?? Maybe like with Jericho, after several calls the walls will fall. The irony is thick, since for 20 years the Western leaders have proclaimed gold as a barbarous relic that pays no yield, a dead asset. So the Germans with Dutch echo want a full accounting of their prized so-called dead asset, which in the end will provide salvation when the new monetary system is put in place. That system is ready, with full trade settlement foundation. It awaits the monetary system full collapse. The outcome will be shown soon enough. The London and New York bankers improperly used the German gold, and official gold from numerous accounts like from France and Spain, from Venezuela to Mexico, to enforce the Strong Dollar Policy and to defend against its collapse. The Mexicans this month performed a formal genuflection before the London Banker Kings, announcing no need to repatriate their gold, as full confidence was expressed. What lackeys, likely offered a bone somewhere. Allocated Gold Accounts have been pilfered with governments as the owners. They will be angry. They must walk a fine line to express outrage but to protect from revelations pointing to their own complicity and benign neglect. The flagship bank of Germany which bears the national name has been deeply involved. In recent months, D-Bank has been cooperating with the Interpol and Intl Court of Hague in pursuing the banker corruption and high crimes against currency, wealth, savings, and humanity. Delicate deals have been struck with D-Bank. It will be interesting to observe how the German demands for gold account audit are met, and how the German Govt reacts to delays and coverup. My belief is that the D-Bank flip was key to the breaking of the LIBOR bank scandal. GOLD PRICE REACTION The Allocated Gold Account scandal is at the doorstep. The German Govt demand for full accounting of its foreign gold account is the knock at the door. They were shown extreme disrespect by the New York Fed in September. The recent demand is the consequence, in a ramped up escalation of the conflict, better described as gold war. My best gold trader source has assured that the eruption of the Allocated Gold Account scandal will come in the wake of the LIBOR scandal. They are related links in the exposure of big bank corruption. The LIBOR scandal began the process of investigation, discovery, and action, if not prosecution. Word repeats from key sources that the biggest banker criminals will never see justice. They will just vanish. An important consequence of the LIBOR followup is the lack of trust between bankers. They are all under investigation for collusion, and therefore must be silent as each is subject to indictment and lawsuit damages. The discovery process is unique, as the investigations can legally pursue and request documents, conversations, emails, and testimony that was previously not available. The strong crowbar is being used widely by strong arms and hands, with formidable bodyguards behind them. The Allocated Gold Account scandal is at the doorstep, possibly to break open by German demands. The official in major nations are catching on. Expect more national government officials to make demands of London and New York. They suspect their national accounts are stolen, replaced by gold paper certificates, kind of an IOU left behind by the thief with defiant signature. Now a new twist. Romania has joined, as they recently demanded a full audit of their national gold account held by the Kremlin. The irony and contrast is due next. Expect the Kremlin to comply with the request from Bucharest. Their responsible response will put additional pressure on the corrupt Anglo banking centers, the site which the Jackass has long described as the center of the financial crime syndicate. The contrast will be embarrassing to the Western financial centers and their leaders, the dons to syndicate power. The Gold price is sure to respond to the realization that the London and New York bank vaults do not contain the official gold on account. Supply is not in existence, sure to have an effect on price, as demand escalates globally. The trust has been violated. The anger will be acute. The global reaction will be recognition that the Western Governments do not possess the gold they claim to reinforce the integrity and value of their entire monetary systems. What faith remains in the fiat paper system will vanish quickly. Not only are the various sovereign bonds nearly worthless, but the collateral understood to reinforce their value is gone. The monetary system deserves to be foreclosed upon. The global currency system with the USDollar at its center deserves to be removed, replaced, and reconstructed. Recall Jim Sinclair and his numerous calls between years 2005 and 2007 for a $1560 Gold price. Many called him crazy, but he was proved correct. The critics to the Gold Sound Money Movement still do not show respect. Rather they are loaded with contempt, clinging to failed Keynesian principles and empty beliefs that central banks can install solutions. They are best qualified to manage their gold thefts, manage the heavy narco money laundering, manage the multi-$trillion grants to banker colleagues, manage the bond shell games, and clean up after the mortgage bond frauds. Those are their best work accomplishments. The Gold bull market is entering an important second gear after a long year of consolidation. The feckless idiots who claim the Gold Bull is done seem the most ignorant in the financial classroom, the dumbest and most deficient in mental processes. The Gold bull market has several primary cylinders. 1) Negative real rate of interest. With official interest rates stuck under 1% by all major central banks, the actual interest rate after subtracting price inflation is deeply negative. This factor has been and will continue to serve as the most important among many factors. It is the gigantic blind spot among gold critics. The long-term USTreasurys offer a mere 2% or 3% at most, far below the prevailing price inflation in the real world. Effective returns are thus negative. Investment in Gold as a hedge against the absent compensation for the erosion of money, it just makes sense. 2) Bond monetization. With unlimited bond purchases from QE1, then QE2, then Operation Twist, now QE3, and on and on until QE175, the debasement of currency is entrenched, absolute, and shocking. The movement is joined by the Euro Central Bank, the Bank of England, the Swiss National Bank, and the Bank of Japan. The debasement of money is powerful and without abatement. Investment in Gold as a hedge against the reckless production of bond supply, it just makes sense. 3) Unsterilized bond purchases. The QE3 admission of associated bond sales was a story not adequately told. In fact, it was a story told by omission. In the past, especially with the deceptive Operation Twist, the bond purchases were often made with funds derived from other bond sales. Like sell short-term USTBills in order to have funds to buy long-term USTBonds. The QE3 details indicate that Weimar Amerika has arrived, with extraordinary bond purchases using printed money. The debasement of money has turned nuclear. Investment in Gold as a hedge against the unchecked debasement of money, it just makes sense. 4) Permanence of QE. In the summer months of 2009, the Jackass was vocal and adamant, claiming that the Exit Strategy was a ruse, an impossible door to depart from the drastic desperate duplicitous central bank monetary policy. My stated forecast was that the ZIRP would remain and become permanent, and that QE would come in force. The buyers of USTBonds are long gone, except for other central banks playing the Competing Currency War games. The USFed under Bernanke announced last month that ZIRP would be extended until the end of year 2015. This is an admission that it is permanent. Every three to four months, they assure another year of permanence. The debasement of money has become a permanent fixture in a broken buggy. Investment in Gold as a hedge against the permanent debasement of money, it just makes sense. GOLD BULL BILLBOARDS The Quantitative Easing coupled with Zero Percent Interest Policy are dual firing chambers of a central bank shotgun aimed at destroying money. They will |
| Rising production costs put a $1,300 floor under the gold price - article Posted: 24 Nov 2012 07:46 AM PST SNIP: "The total all-in cost of mining an ounce of gold across the industry is currently around $1,300 and for some producers it is considerably more. For example, it costs Gold Fields, which is one of the world's largest producers of gold with annualized production of 3.5 million gold equivalent ounces, $1,788 an ounce. If the gold price were to drop below $1,300 (and in some cases a much higher number) for an extended period, it would simply be uneconomic for many gold producers to remain in production." And here's the chart: increased-dis-cost-614x387.gif Imho looking at the green parabolic spending line vs how much gold has been found, against the present world financial situation I don't think we'll ever see 1300 again, and soon 1800 will just be another watering hole/fuel stop in the rear view mirror. Article can be read at http://www.247bull.com/rising-produc...he-gold-price/ fwiw, R. |
| Even if Gold Is Stupid, Its Still Smart Posted: 24 Nov 2012 06:43 AM PST |
| WHEN IRISH EYES ARE SMILING: The Story of Canada's Gold? Posted: 24 Nov 2012 06:21 AM PST ¤ Yesterday in Gold and SilverWith the U.S. shut tight for Thanksgiving on Thursday, the price and volume activity in all four precious metals everywhere else on Planet Earth was subdued...and that's being kind. However, the 'Black Friday'-shorted trading day in New York was a different matter entirely. Gold traded pretty flat in early Far East trading on their Friday...but during the Hong Kong lunch hour, it began to developed a slightly positive bias...with the European high tick coming at the 10:30 a.m. gold fix in London. From there it more or less traded flat until about 10:15 a.m. in New York...and then it blasted off to the upside, which had all the hallmarks of a short covering rally of some kind. That only lasted a few minutes, but from there the price continued to work its way slowly higher. The high tick of the day...$1,756.10 spot...came around 12:45 p.m. Eastern time...and then backed off a few dollars into the close, which came early at 1:45 p.m. Gold closed at $1,751.90 spot...up $22.20 from Thursday's close. The net volume over both Thursday and Friday was very light...around 117,000 contracts. Switch/roll-over volume was heavy.
The silver chart is almost a carbon copy of the gold chart, so I'll spare you the usual play-by-play. The high tick of the day...$34.28 spot...came around 12:15 p.m. during the New York lunch hour. Like gold, silver got sold off a bit from there and traded more or less sideways into the 1:45 p.m. close...but the price sure looked like it want to move higher if it had been given half the chance, which it wasn't. The silver price closed at $34.10 spot...up 75 cents. Net volume for the two trading days was also very light...around 28,000 contracts.
The dollar index decline continued for the third straight day on Friday. After sliding 10 basis points on Thursday, the dollar began to head south with a vengeance starting at 12:30 GMT in London...7:30 a.m. in New York. The decline ended shortly before 12:30 p.m in New York...almost exactly five hours after it had begun in London. From there, the dollar index recovered a few basis points going into the 5:00 p.m. Eastern close of trading. The index closed at 80.21...down a hair under 49 basis points from Thursday's close. One would be hard pressed to match the rally in the precious metals to the dollar index chart below. The only co-relation I could see was the fact that the declines in gold and silver occurred at approximately the same time as the index hit its nadir. Here's the 3-day dollar index...
And Friday's chart on its own...
The gold stocks nearly duplicated the price path of the metal itself, but a thoughtful seller showed up at 10:30 a.m. Eastern time and sold the rally down hard. From there the gold stocks moved slightly higher...and closed just off their highs of the day. The HUI finished up 1.64%.
As a group, the silver stocks put in a much better performance...especially most of the junior producers. Nick Laird's Silver Sentiment Index closed up 2.14%.
(Click on image to enlarge) The CME's Daily Delivery Report showed that only 1 lonely silver contract was posted for delivery on Tuesday. There should be next to nothing left to deliver in the November contract between now and First Day Notice [for December delivery] next Thursday evening. There were no reported changes in GLD yesterday...but it was an entirely different story over at SLV, as an authorized participant[s] withdrew a whopping 1,984,432 troy ounces of silver and shipped it off for parts unknown. That's one full day of world silver production. This withdrawal had nothing whatsoever to do with price activity and everything to do with the fact that the silver was more desperately needed elsewhere, so the corresponding number of SLV shares were redeemed...and the physical silver shipped out the door. There was a smallish sales report from the U.S. Mint. They sold 75,000 silver eagles...and that was it. Month-to-date the mint has sold 67,000 ounces of gold eagles...10,000 one-ounce 24K gold buffaloes...and 2,659,500 silver eagles. Based on this data, the mint's silver/gold sales ratio is a bit over 34 to 1. The Comex-approved warehouses did not receive any silver on Wednesday...and shipped only 90,143 troy ounces of the stuff out the door. The link to this activity is here. Because of the Thanksgiving holiday, there was no Commitment of Traders Report published yesterday. It will be posted on the CFTC's website on Monday. This photo, along with the 1-paragraph commentary below it, was posted on Frank Holmes' website yesterday...and I thank West Virginia reader Elliot Simon for sending it along.
"For the ultimate gold lover on your shopping list, one amazing purchase you can nab is a Christmas tree complete with Disney characters and gold leaf ribbons made of 88 pounds of pure gold from a jewelry store in Tokyo, according to Reuters. The ornamental tree will set you back $4.2 million, but there's also a smaller version available for $243,000." It was nice to have a day off from writing this column, but because of that, I have quite a number of stories for you today...and I hope you have the time in what's left of your weekend to at least read the ones that interest you. This is now a confrontation between "We, the people"...and "all the money and all the power in the world." Clamor about gold reserves prompts leasing disclosure by Austrian central bank. Brazil has no gold reserves, just claims against bullion banks, Goldcore discloses. Targeting India's Two Trillion rupee gold market. SLV drops another 2 million ounces. ¤ Critical ReadsSubscribeNew Trading Case Casts a Deeper Shadow on a Hedge Fund MogulIn 2010, the billionaire hedge fund manager Steven A. Cohen gave a rare interview to Vanity Fair. He said that he wanted to combat persistent rumors that his firm, SAC Capital Advisors, routinely violated securities laws by trading on confidential information. "In some respects I feel like Don Quixote fighting windmills," Mr. Cohen said at the time. "There's a perception, and I'm trying to fight that perception." Federal prosecutors only heightened that perception on Tuesday, bringing a criminal case against a former SAC employee in what Preet Bharara, the United States attorney in Manhattan, who brought the charges in Federal District Court in Manhattan, called the most lucrative insider trading scheme ever charged. And for the first time, the evidence suggests that Mr. Cohen participated in trades that the government says illegally used insider information — though prosecutors have not said that Mr. Cohen himself knew the information was confidential, and he has not been charged. Another day, another crook on Wall Street. This story showed up on The New York Times website on Thursday...and I thank Phil Barlett for our first story of the day. It's certainly worth your time, if you have it...and the link is here.  Smart Money? Hedge Funds Now Worse Than Mutual FundsHedge fund managers don't have much to be thankful for these holidays, as failure to beat low-fee index funds will likely infuriate investors shelling out hefty fees for their services. Just 13 percent of the so-called smartest money on the Street are outperforming the S&P 500, and a fifth of all hedge funds are actually in the red during 2012, according to Goldman Sachs data. To make matters worse, hedge fund managers have crowded into the same trades, with turnover at a record low, according to Goldman. Translation: Hedge fund investors are paying 2 percent fees up front and 20 percent of profits thereafter to managers delivering poor performance and apparently doing little about it. This item showed up on the CNBC website early yesterday afternoon...and I thank West Virginia reader Elliot Simon for bringing it to our attention. The link is here.  The Top 20% Have Been Making Out Like Bandits: ChartBloomberg's Scarlet Fu recently presented her 'Single Best Chart' on Bloomberg TV Wednesday. It was on income distribution in the United States from A. Gary Schilling & Co's monthly Insight report The bottom 80% (the 1st through 4th quintiles) have seen their share of aggregate income decline, with all losses translating as gains for the top 20%. The richest quintile now receives over 50% of the nation's income. Fu notes that income inequality is "a big issue" and "one reason why the election turned out the way it did." She also quotes Goldman Sachs CEO Lloyd Blankfein as stating that in the long run, there has to be more revenue – and the burden of that revenue will disproportionately be taken up by wealthier people. This businessinsider.com story from yesterday contains a must see chart...and a 51-second Bloomberg video clip. This link is worth your time...and I thank Roy Stephens for his first of many contributions to today's column.  Hurricane Sandy Seen Boosting U.S. With as Much as $240 Billion RebuildingJohn Cataneo is working his 20 employees overtime and still can't keep up with demand from customers who need plumbing repaired after super storm Sandy. He says he's hired two new workers and may need more. "We're just not getting to some people that are asking for help," said Cataneo, co-owner of Gateway Plumbing & Heating in Manhattan. "But we're doing the best we can." Cataneo's experience shows how the storm is giving the U.S. Northeast -- and the rest of the country -- an economic boost that may eventually surpass the loss of business it caused. Reconstruction and related purchases and hiring may range from $140 billion to $240 billion and increase U.S. economic growth by 0.5 percentage point next year, assuming $50 billion in losses, according to Economic Outlook Group LLC, a Princeton, New Jersey-based forecasting firm. "Construction costs to rebuild all that was lost will be more than simply replacement because a lot of the work will also involve fortifying structures," said Bernard Baumohl, chief global economist at Economic Outlook. "We'll see construction ramped up, and that's going to bring in jobs and an increase in demand for material of all sorts, and that's going to further stimulate the economy." This is not the kind of 'economic growth' that most people have in mind...but any port in a storm, I suppose. This Bloomberg article was posted on their website late Thursday evening Mountain time...and was sent to me by Marshall Angeles. The link is here.  Google takes action to support open InternetAn upcoming UN-organized conference on global communications aims to hammer out a treaty to safeguard "the free flow of information around the world." Google is fighting back, saying the treaty threatens the "free and open Internet." Representatives from UN member-states will gather in Dubai from December 3 through 14 with the explicit aim of working out a new universal information and communication treaty that would regulate the Internet. The conference, organized by the UN's International Telecommunication Union's (ITU) has reignited a fierce debate over who should control the Web. Google has remained unequivocal in its stance that the closed-door meeting [is] a power grab aimed at ending public control of the Internet and strangling free speech. This story was posted on the Russia Today website on Thursday evening...and it's Roy Stephens' second offering in today's column. I consider it a must read...and the link is here.  Brooksley Born: The Warning....FRONTLINE: PBSIn The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008. "I didn't know Brooksley Born," says former SEC Chairman Arthur Levitt, a member of President Clinton's powerful Working Group on Financial Markets. "I was told that she was irascible, difficult, stubborn, unreasonable." Levitt explains how the other principals of the Working Group -- former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin -- convinced him that Born's attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was "clearly a mistake." Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born. I posted this video many years ago when it first came out...but it's time for a re-visit. I thank Belgian reader Ivar Hermans for reminding about it. This PBS program runs for a bit over 55 minutes...but is a Must Watch if you've never seen it before. The link is here.  Paul Craig Roberts: Puppet State AmericaIn the U.S. the exercise of the First Amendment is coming to be regarded as a crime against the state. The purpose of the media is no longer to find the truth, but to protect official lies. Speaking the truth has essentially disappeared, as it is too costly to journalist who dare to do so. To keep one's job, one serves Washington and the private interest groups that Washington serves. In his November 19 defense of Israel's latest war crimes, President Obama said: "no country on earth would tolerate missiles raining down from outside its borders." But, of course, numerous countries do tolerate missiles raining down from the US. The war criminal Obama is raining down missiles in Afghanistan, Pakistan, and Yemen, and has rained missiles on Libya, Somalia, Iraq and Syria as well. Iran might be next. The German assault on the Warsaw Ghetto is one of the horror stories of Jewish history. Such an event is happening again, only this time Jews are perpetrators instead of victims. No hand has been raised to stay Israel from the goal of the operation declared by Israeli Interior Minister Eli Yishai to be "to send Gaza back to the Middle Ages." Always controversial, but never far off the mark...this short commentary by Paul Craig Roberts is a must read...and I thank reader Jim Rodgers for sending it our way. It's posted on the paulcraigroberts.org Internet site...and the link is here. |
| Treasury Owns the U.S. Gold Reserve Posted: 24 Nov 2012 06:21 AM PST  In regard to John F. Prusiecki's Nov. 9 letter "Deleveraging the Fed With a Golden Plan": Reasonable people apparently still believe that the Federal Reserve can escape the eventual accounting consequences of its quantitative easings (total assets now worth about $2.832 trillion versus capital of $54.8 billion) simply by marking up the value of the U.S. gold reserve from the official price of $42.22 per ounce to current market value. |
| Rick Rule: Be a Risk Manager, Not a Reward Chaser Posted: 24 Nov 2012 06:21 AM PST  The Gold Report met up with Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd, at the Hard Assets Conference in San Francisco. In this interview with The Gold Report, he shares his belief in the power of gold as both "catastrophe insurance" and an investment vehicle. As to equities, he sees a new discovery cycle lifting the prospects of majors and juniors alike, as long as they act like "rational" businesses. This interview was posted on theaureport.com Internet site on Friday...and the link is here. |
| Casey Research: Even if You Hate Gold, You Should Buy It Posted: 24 Nov 2012 06:21 AM PST  This was the title to the Friday edition of the Casey Daily Dispatch...and is an essay by Casey Research's own Vedran Vuk. It's posted on the CR Internet site...and is well worth reading. The link is here. |
| Posted: 24 Nov 2012 06:21 AM PST  In the past week, I have seen postings and received a growing number of reports of coin dealers selling out of physical gold and silver coins and ingots and having trouble getting in quick replacements. At the most extreme, a buyer in a western state was told by two local dealers from whom he has made purchases that Canada gold Maple Leaves and South Africa Krugerrands are now at least two weeks delivery after payment and that U.S. 90 percent silver coin could take as long as 4-5 weeks to get. |
| Turkey confirms that gold exports are linked to purchase of Iranian gas Posted: 24 Nov 2012 06:21 AM PST  Turkey on Friday acknowledged that a surge in its gold exports this year is related to payments for imports of Iranian natural gas, shedding light on Ankara's role in breaching U.S.-led sanctions against Tehran. The continuing trade deal offers the most striking example of how Iran is using creative ways to sidestep Western sanctions over its disputed nuclear program, which have largely frozen it out of the global banking system. The disclosure was made by Turkey's deputy prime minister and top economic policy maker, Ali Babacan, in answers to questions from the parliamentary budget committee. |
| 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 |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment