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- David Morgan & Bix Weir: Silver Manipulation
- Christmas Present For Bulls Courtesy Of The Federal Reserve
- SF: Silver Manipulation Theories
- Fear Index November 2012: The Faustian bargain
- Gold's Bubble: 5 Years Away
- Stevia Growers And Processors Need To Develop For The Food Industry To Reach Full Potential
- Gold And Silver Outlook For December 3, 2012
- A Massive Wednesday Sell-Off Clouds Gold Market Future
- Gold, Silver & Miners in Stage 1 Accumulation Mode
- Silver, the Widowmaker
- Brian Booth's Weekly Gold Report December 3, 2012
- U.S. Eagle Gold Coins Strongest Since 1999 – HNWs Taking Possession
- EUR/USD: The Week Ahead
- SP 500 at Crucial Cross-Roads
- 3 Reasons Why I Think Apple Is Going To Increase Its Payout Next Quarter
- US gold & silver coins set for strongest November sales in 14 years
- If Debt Limit Is Abolished, What Will Happen to the Price of Gold?
- Future Fed Policy Will Continue To Fuel The Bull Market In Gold
- US Eagle Gold Coin Sales Strongest Since 1999
- Fx Drivers In The Week Ahead
- Bullion Said to Remain 'in Long Run Uptrend'
- Why Gold is Overvalued: Paul van Eeden
- Surge in gold coin sales
- Why Invest In South African Banks?
- Gold and Silver Market morning, December 03, 2012
- The Coming Silver Price Eruption
| David Morgan & Bix Weir: Silver Manipulation Posted: 03 Dec 2012 12:19 PM PST DF Note – Props to BrotherJohnF where I picked-up on the interview @ brotherjohnf.com from silverguru: ~DF | |||||||||
| Christmas Present For Bulls Courtesy Of The Federal Reserve Posted: 03 Dec 2012 10:29 AM PST By Jaimini Desai: One consistently contentious topic amongst investors is the proper role of the Federal Reserve. There is a high level of conviction on both sides. One side argues that the Fed has already done more than enough and many of its policies are contributing to the very problems it seeks to solve. Many also believe that the Fed's interventions will lead to rocketing inflation in the future. The other side is equally certain that the Fed has been too cautious. They cite the current "Liquidity Trap" as a special circumstance in which the Fed can be more aggressive without worrying about repercussions that would be normally felt in ordinary times. Essentially, this is the "New Normal"'s take on the eternal hawks vs. doves debate. Whichever side one lands in this debate, both sides would agree that in the short term, dovish policies boost asset prices. In this article, I will Complete Story » | |||||||||
| SF: Silver Manipulation Theories Posted: 03 Dec 2012 10:05 AM PST What does the smart money in the hard assets industry think about these silver theories? from silverfuturist: ~TVR | |||||||||
| Fear Index November 2012: The Faustian bargain Posted: 03 Dec 2012 09:45 AM PST US M3 grew by another $46 billion in October, reaching an estimated $14.8 trillion. At the same time the gold price weakened, taking a small break after the substantial run-up in September. As a ... | |||||||||
| Posted: 03 Dec 2012 09:31 AM PST Gold in a bubble? You should only be thinking about that five years down-the-line, says technical analyst Jordan-Roy Byrne. ~TVR | |||||||||
| Stevia Growers And Processors Need To Develop For The Food Industry To Reach Full Potential Posted: 03 Dec 2012 09:15 AM PST By Henry Kawabe: The global sweetener market is a $56 billion dollar industry, 80% of which is classified as caloric, meaning sugar or HFCS. The remaining 20% is non-caloric which falls into two categories, artificial and natural. Aspartame and Splenda are examples of artificial while stevia, monk fruit, and erythritol a sugar alcohol are considered natural. Artificial has dominated the zero calorie market, but according to the August 2011 report by the market research firm Mintel, the trend is turning toward natural sweeteners with stevia gaining market share. According to Mintel the global market for stevia sweeteners reached an estimated $500 million by mid-2011, and food consultant Zenith International expects stevia sales to reach $825 million by 2014. In a report from Packaged Facts of the U.S. it estimates the world stevia sales in 2011 were somewhere between $800m and $2 billion in 2011. However, as noted below it's mostly Complete Story » | |||||||||
| Gold And Silver Outlook For December 3, 2012 Posted: 03 Dec 2012 09:08 AM PST By Lior Cohen: Gold and silver changed direction and traded down during most of last week. Will precious metals continue to trade down this week? As I have stated in the precious metals weekly outlook, there are several events and reports that may affect precious metals this week. These items include: U.S non-farm payroll report, ECB rate decision, and rate decisions from other leading central banks including England, Canada and Australia. On today's agenda: Euro-group Summit, GB and U.S Manufacturing PMI monthly reports. In the background, the deliberations in Congress over cutting the budget deficit in the next decade to avoid the fiscal cliff and next week's FOMC meeting could influence forex and commodities traders during December. Yesterday, HSBC reported that China's manufacturing PMI rose to 50.5 in November compared with 49.5 in October. On Friday, the price of gold declined by 0.94% to $1,710.9. Silver Complete Story » | |||||||||
| A Massive Wednesday Sell-Off Clouds Gold Market Future Posted: 03 Dec 2012 08:02 AM PST  By Tim Iacono: The massive sell-off on Wednesday, during which the equivalent of 24 tonnes of gold was reportedly offered for sale in a single futures market transaction, took the shine off of what would have been another stellar November for precious metals, raising new questions about manipulation in gold and silver markets. With just one month left to go in 2012, the gold price is all but sure to rack up its 12th straight year of gains while silver is set to turn in another big double-digit gain as investors eye developments in Washington related to the fast-approaching fiscal cliff and await the next round of Fed money printing. For the week, the gold price fell 2.1 percent, from $1,751.90 an ounce to $1,715.20, and silver dropped 2.0 percent, from $34.13 an ounce to $33.44. Gold is now up 9.5 percent in 2012, down 10.8 percent from its high last Complete Story » | |||||||||
| Gold, Silver & Miners in Stage 1 Accumulation Mode Posted: 03 Dec 2012 07:55 AM PST The good news is that gold, silver and precious metal miner stocks are forming a very large Stage 1 Accumulation pattern on the weekly chart. This points to a multi month rally in prices if they breakout above resistance levels. | |||||||||
| Posted: 03 Dec 2012 07:30 AM PST Jesse's Cafe | |||||||||
| Brian Booth's Weekly Gold Report December 3, 2012 Posted: 03 Dec 2012 07:23 AM PST Welcome everyone to the month of December and to trading the February Gold Futures. The futures First Notice Date was last week on Friday and we will move our attention to the February Futures chart. Last week ahead of the roll date, Tuesday provided a small slip in the price while Wednesday brought a sharp drop that took me by surprise. On the open of the pit traded session, Warren Buffet made a comment in an interview to CNBC regarding his take on the Fiscal Cliff negotiations that drove Gold prices to trendline support in a hurry. Buffet suggested the Fiscal Cliff agreement would likely be made but said he did not feel that Washington would have the ability to get the job done by the end of the year. This remark was made one day after Senator Reid told reporters that he was not confident in the Republicans and Democrats at all. He thought that no progress had been made yet and traders responded by taking gains from the prior Fridays rally. So while we are now trading past the December Futures contract, not much has changed. One day the markets are happy and taking the stairs up while the next day the markets are disappointed and taking the elevator down. Even though we started this week's trade with a continuation of a weaker US Dollar (normally a bullish indicator for Gold) we are seeing little interest in Gold.Despite the fact that the Gold Futures spent the majority of the prior week trading lower, the price held support and stands a chance of recovering in a hurry. I expect that major markets including Gold will continue to react to headlines regarding the Fiscal Cliff and will likely start planning ahead to the next weeks FOMC meeting. Last month, the FED was quiet ahead of the Presidential Election, but traders expect more from Bernanke and Co. in the December meeting. While the fundamentals surrounding Gold continue to be tricky, the technicals are holding up. Each rally and each selloff ultimately has a target and this week should not be any different. As seen on the chart above, we begin this week on trendline support (Arrow #1) but there is little excitement in the Metals compared to other markets that are off to a strong start today. If support is breached, I will look for $1700 to hold with the next target potentially as low as $1666 (Arrow #2) where the 200day and the 100day moving averages converge. Overall I am still bullish the Gold and the Silver longer term, but am also well aware of the potential for markets like Gold to have technical support targets in mind prior to a big move up. For now, the support is holding up nicely, but I will feel much more comfortable if we can find a way to close higher over the next few days. Good luck this week and as always, feel free to call or email my office directly with questions or comments. I work with traders in the Futures and Futures Options Markets on a daily basis and would be happy to discuss Gold or any other Futures Market with you. I can be reached at (888) 272-6926 or by email at bbooth@longleaftrading.com. December 3, 2012 (Source: Brian Booth, Long Leaf Trading Group) | |||||||||
| U.S. Eagle Gold Coins Strongest Since 1999 – HNWs Taking Possession Posted: 03 Dec 2012 07:20 AM PST gold.ie | |||||||||
| Posted: 03 Dec 2012 07:17 AM PST By Emil Mark: During the last week the EUR/USD rate saw a little change. The single currency started the week at $1.2971 and after going as low as $1.2880, it finished at $1.3004 on Friday, marking a weekly increase of about 0.3%. The week included some interesting political and economic events, with Greece being the main focus of the markets. On Monday the Eurogroup gave its political approval of the next disbursement of financial aid to Greece. The formal decision is expected to be taken on December 13, after national parliaments of the Eurozone countries approve the deal. The German Bundestag gave its approval on Friday. According to plan the debt-to-GDP ratio of Greece has to be no more than 124% in 2020 and decline substantially below 110% in 2022. The country's debt-to-GDP ratio for 2011 was 170.6% in December 2011. According to a Reuters article from Saturday, December Complete Story » | |||||||||
| Posted: 03 Dec 2012 07:04 AM PST SP 500 Index at a Crucial Crossroad We had an interesting 131 point SP 500 decline from the summer-fall highs of 1474 to the recent 1344 lows. Interesting because in the work that I do, we focus on crowd behavioral patterns, sentiment, and Elliott Wave Theory. There is no one technical analysis methodology that works all the time, so it's important to incorporate other elements into your work to help with some clues. Let's examine the crossroad we are at right now around 1420 on the SP 500 and why the next move may be a "tell" as they say in poker. The correction from the 1474 highs can be read as a 3 wave correction, which in Elliott Wave Theory is corrective against the major trend, which so far has been up. 3 wave corrections serve to work off over zealousness of the crowd and above average bullish sentiment. To be sure, at the 1474 highs the sentiment surveys were running pretty hot and near 3 year highs, a flag that waved a warning sign for us. The correction though worked off that sentiment and at 1344 was in fact a Fibonacci 61.8% retracement of the rally from 1257-1474 that we witnessed this summer. These type of Fibonacci fractal retracements at 61.8% are common correction patterns in bull cycles. What we need to see near term on this crossroad then is a clear cut rally over the 1424 area, which now is a 61.8% upwards retracement of the drop from 1474-1344. Why is that important to clear? Because 61.8% also is a common upwards retracement for a wave 2 counter-rally in a downward trend. Clearing that hurdle would indicate that the rally from the 1344 lows is more than just a counter-trend rally, and likely the confirmed start of a solid leg upwards towards highs for this bull market cycle. This is why we like to draw these lines in the sands and let our subscribers be aware of what to watch and why. See the chart below to get an idea of where we are at in the current cycle: Consider joining us so we can help you with daily updates on the SP 500 and Gold, stop scratching your head and guessing as to the patterns in the markets today! 33% discount if you go to www.MarketTrendForecast.com and sign up, and or sign up for our free weekly reports.
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| 3 Reasons Why I Think Apple Is Going To Increase Its Payout Next Quarter Posted: 03 Dec 2012 06:50 AM PST By Jason Cimpl: Apple (AAPL) could purchase just about anything with its $122 billion wad of cash. In fact, the company has the ability to double its yield right now without even breaking a sweat. It holds that much in cash. Apple's cash hoard is enough buy all of the gold reportedly stockpiled in the People's Republic of China. Moreover, they could even afford to sweeten the deal and pay $1,900 per ounce. At $1,900 per ounce, gold sells for $61.1 million per ton. China supposedly stores about 1,054 tons of gold, which has a value of roughly $64.3 billion. Apple could purchase all of PRC's gold (for a 10% premium) and have $58 billion remaining. It's unlikely the company will begin to hoard gold. However, Apple's cash balance has clearly reached an absurd level. The easiest (and wisest) way for Apple to spend its money would be to distribute it as Complete Story » | |||||||||
| US gold & silver coins set for strongest November sales in 14 years Posted: 03 Dec 2012 06:25 AM PST | |||||||||
| If Debt Limit Is Abolished, What Will Happen to the Price of Gold? Posted: 03 Dec 2012 05:26 AM PST Good God, the government credit card would be in the hands of a monarch and Congress would cower at opposing him at the risk of losing votes. If anyone thought fiscal irresponsibility is rampant today, try tomorrow when the President can call his own spending (un)limit. This disturbingly alters the balance of powers outlined in The Constitution. Even Republicans go along with the idea. Senate Minority Leader Mitch McConnell (R) suggested in July 2011 to permit the president to unilaterally raise the debt ceiling unless Congress affirmatively voted to stop him. And even if Congress did vote to stop him, the president could veto, and then Congress could overturn his veto. The spot price for gold is ~$1715/oz. at this current moment. Given the current political hijinks, a veteran metals analyst says his target price for gold in 2012 in $1920. Reuters speculates gold will rise above $2000/oz. in 2013. Other sources say gold could rise above $2700/oz. by 2014. Given that second-term Presidents have a penchant for going overboard on spending, another source predicts gold could soar above $3500/oz. by the end of 2013. Gold would have predictably risen to unprecedented heights if documented manipulation had not occurred. Don't think that untethering the Federal budget from a debt limit wouldn't have consequences internationally. What foreign country would have any confidence that the IOUs (US Treasury Notes) they now hold will ever be paid back? Another survival tip: placing a lighted match to your paper money is a good way to start a campfire. Just think, paper money could be used as kindling and a renewable source of "green" energy :). Of course, if you use dollars as kindling you are subject to a $100 fine. Title 18, Section 333 of the United States Code says "whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined not more than $100 or imprisoned not more than six months, or both." Of course it's OK for the government to destroy its purchasing power. But just imagine, print money endlessly and you could now afford to use US dollars to play the Monopoly board game in place of the play money :). And hey, get this, a nickel currently costs the US Mint 11-cents to make, whereas the value of the US dollar has shrunk in purchasing power from $1.00 in 1913 to less than a nickel today! December 3, 2012 Bill Sardi [send him mail] is a frequent writer on health and political topics. His health writings can be found at www.naturalhealthlibrarian.com. His latest book is Downsizing Your Body. http://lewrockwell.com/sardi/sardi248.html | |||||||||
| Future Fed Policy Will Continue To Fuel The Bull Market In Gold Posted: 03 Dec 2012 05:17 AM PST By Ben Mountifield: On 13 September 2012, the Federal Reserve announced its third round of Quantitative Easing, or QE3. In making the announcement Chairman Bernanke told us that, if "the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved." A 5 year chart of Federal Reserve's balance sheet Charts courtesy of federalreserve.gov On 8 August 2007 the Fed's balance sheet it stood at $869 billion. On 21 November this year it stood at $2.853 trillion. Bernanke also conveyed that the FOMC (Federal Open Market Committee),"currently anticipates that exceptionally low levels for the federal funds rate are likely to be warranted at least through mid-2015". However, it now seems likely that during 2013 the Fed will replace its calendar date of "mid-2015" Complete Story » | |||||||||
| US Eagle Gold Coin Sales Strongest Since 1999 Posted: 03 Dec 2012 05:13 AM PST Gold is marginally higher today, after finishing its second monthly decline in a row, despite safe haven demand due to US "fiscal cliff" and currency debasement concerns. Interest in the yellow metal as diversification remains robust. | |||||||||
| Posted: 03 Dec 2012 04:49 AM PST By Marc Chandler: The US dollar's recent losses are being extended at the start of the new week. The announcement of the details of the Greek bond buy-back scheme has triggered a sharp rally in peripheral bond yields, while the euro area Nov manufacturing PMI is reported at 8-month highs, even if still below the 50 boom/bust level at 46.2. The euro has completely recouped the knee-jerk losses scored in thin activity just before the weekend when Moody's announced a cut in the ratings for the EFSF, which follows its recent downgrade of France. In addition, we note that the weekend press shows little progress in the US deficit talks. Asian equities eked out a minor gain, though of note the rise in China's PMI did not bolster the Shanghai Composite, which lost 1% to close new multi-year lows. European bourses are higher and the Dow Jones Stoxx 600 is up about Complete Story » | |||||||||
| Bullion Said to Remain 'in Long Run Uptrend' Posted: 03 Dec 2012 04:49 AM PST Spot market gold prices fell back below $1,715 an ounce Monday morning in London, more-or-less in line with where they were two weeks ago after failing to hold gains made during Asian trading. | |||||||||
| Why Gold is Overvalued: Paul van Eeden Posted: 03 Dec 2012 04:07 AM PST Many goldbugs like gold as a hedge against Federal Reserve policies and high inflation. The president of Cranberry Capital is a different kind of goldbug and explains how his proprietary monetary measure, "The Actual Money Supply," is the reason why. | |||||||||
| Posted: 03 Dec 2012 03:45 AM PST Positive manufacturing numbers out of China this morning have encouraged buying of growth assets, with commodities and stocks strengthening, alongside the euro, which has moved back above the US$1.30 ... | |||||||||
| Why Invest In South African Banks? Posted: 03 Dec 2012 03:28 AM PST By David Hunkar: South Africa is the most developed country in the African continent. With a population of about 48 million, the country is rich in many mineral resources including gold, diamonds and platinum. The economy's size is about $555.0 billion and mining is the largest industry. Investors looking to gain exposure to Africa are better off starting with South Africa. The CIA's World Factbook states the following on the state of South Africa's economy:
Complete Story » | |||||||||
| Gold and Silver Market morning, December 03, 2012 Posted: 03 Dec 2012 03:00 AM PST | |||||||||
| The Coming Silver Price Eruption Posted: 03 Dec 2012 02:54 AM PST The odds now favor a substantial bear squeeze. And as the managed funds which lost money on their shorts in June-July sniff sweet revenge, this could rapidly escalate. At the moment, every dollar move upwards in the silver price costs the shorts. |
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