Gold World News Flash |
- Bipolar Silver: How to Profit
- Investing In Waters’ Future
- Sprott – Default Coming As 850 Tons Of Gold Supply Vanished
- The parallels between love and gold
- Bloomberg: Heroically, Putin Buys Gold
- Occam's Gold vs Rube Goldberg's Fiat
- Nothing Is Real In Markets Any More, This Will End Badly
- Think like a Giant 2
- G20 meeting amid increasing currency tensions
- Gold ends at five-week low on currency talk
- 4 Ways to Get Your Taxes Done Free – YouTube
- Beware of These 6 Tax Scams – YouTube
- Currency War Could Spur Gold – YouTube
- Occam's Gold vs Rube Goldberg's Fiat
- The DOLLAR is DYING – Greg Mannarino – YouTube
- McEwen Mining (MUX): El Gallo Complex Gold Mine Analyst Tour - Sinaloa, Mexico
- The Top Ten Stocks for Monday, February 11 – YouTube
- Gold Breaks Below 1650, Real Test Comes at January Low
- GETTING BETTER?
- U.S. gold is being exported to Asia, especially Hong Kong
- The Gold Price Got the Short End of the Stick Loosing 1.07% Today to Close at $1,648.20
- Goldrunner: What We ?Know? & ?Don?t Know? About Where Gold, Silver and PM Stocks Are Going
- "Like Lambs To Slaughter," Observations On The Real Lessons Of Keynes
- We Are In Uncharted Waters – The Debate Is Not Addressing The Truth
- Poetry with a Punch
- Silver Is Probably The Best Asset In The World
- Schmidt to Sell Google Stake Worth $2.5 Billion – YouTube
- LBMA trader brushes off today's attack on gold
- Chavez Devaluation Puts Venezuelans to Queue on Price Raise
- Gold Seeker Closing Report: Gold and Silver Fall Over 1%
- Gold Daily and Silver Weekly Charts - G7 'All Is Well' - Raid in Honor of Chinese New Year
- Sprott sees scrap gold disappearing, expects Comex default
- Connecting the Dots
- In The News Today
- New York Sun: The state of the dollar
- Why You Can Trust Your Analyst Again: Ingrid Rico
| Posted: 12 Feb 2013 01:00 AM PST by Alena Mikhan and Jeff Clark, Casey Research:
Most precious-metals investors know that silver is more volatile than gold. But do they know just how big that difference really is? We thought it would be interesting to measure how much greater silver's daily moves are – both in gains and declines – than gold. We documented the daily price movements for both metals, and then calculated the difference using absolute values. To interpret the charts below, you need to know that:
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| Posted: 12 Feb 2013 12:00 AM PST from Silver Vigilante:
Demand for water is growing twice as fast as the world population is expected to reach 8 billion by 2025. The developed worlds' infrastructure is old and decrepit and in need of replacing, while municipalities seek to raise water prices in order for more financing in order to maintain municipal water infrastructures. Public-private partnerships – involving the partnership between private water operators in water and water-treatment operations – is one fascist model being increasingly adopted throughout the country. |
| Sprott – Default Coming As 850 Tons Of Gold Supply Vanished Posted: 11 Feb 2013 11:30 PM PST from KingWorldNews:
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| The parallels between love and gold Posted: 11 Feb 2013 11:05 PM PST The Real Asset Co |
| Bloomberg: Heroically, Putin Buys Gold Posted: 11 Feb 2013 11:00 PM PST from The Daily Bell:
Dominant Social Theme: Beware black Russians buying gold. Putin is power hungry. Russia is getting richer. The West is growing poorer. Free-Market Analysis: For once, we agree with part of an elite dominant social theme. Vladimir Putin is not a very good man. We write this in the face of numerous alternative media reports that paint Putin as the savior of the West, someone who is standing up to the Jewish banksters and putting a number of them in jail. You have to understand the skewed analyses now offered by some of the alternative media to comprehend the Putin worship that takes place on the Internet. |
| Occam's Gold vs Rube Goldberg's Fiat Posted: 11 Feb 2013 10:33 PM PST from Zero Hedge:
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| Nothing Is Real In Markets Any More, This Will End Badly Posted: 11 Feb 2013 10:01 PM PST  Today Egon von Greyerz told King World News that when it comes to markets, "... nothing is real." Greyerz, who is founder of Matterhorn Asset Management in Switzerland, also believes we are seeing a sucker's rally in stocks. Here is what Greyerz had this to say: "Eric, I believe investors are focusing too much on the short-term movements in the precious metals. Gold is up seven times in 13 years, and it's likely to go up much more than seven fold in the next 4 years."This posting includes an audio/video/photo media file: Download Now |
| Posted: 11 Feb 2013 09:53 PM PST "Think that I a fool, because I trade gold for thousands US an oz.? You will think much on this in the future." -ANOTHER "Something that Big Trader or Another said a long time ago about trading gold off market in the thousands. Trust me, it's there somewhere way back in the pre USAGOLD days. It seems that gold was then and is today traded between countries, CBs, special accounts,,,,,,, at |
| G20 meeting amid increasing currency tensions Posted: 11 Feb 2013 09:20 PM PST from Gold Money:
Even the Venezuelans are getting in on the act: with Hugo Chavez's government last week announcing a devaluation in the country's fixed exchange rate with the dollar – from 4.3 bolivars per dollar to 6.3 bolivars. |
| Gold ends at five-week low on currency talk Posted: 11 Feb 2013 09:00 PM PST by Myra P. Saefong and Barbara Kollmeyer, Market Watch:
Technical selling and light trading volumes in Asia due to the Lunar New Year holiday also put pressure on the metal's prices. Gold for April delivery GCJ3 -0.99% slumped $17.80, or 1.1%, to settle at $1,649.10 an ounce on the Comex division of the New York Mercantile Exchange. Tracking the most-active futures contracts, gold saw its lowest settlement since Jan. 7, according to FactSet data. |
| 4 Ways to Get Your Taxes Done Free – YouTube Posted: 11 Feb 2013 08:17 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Beware of These 6 Tax Scams – YouTube Posted: 11 Feb 2013 08:16 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Currency War Could Spur Gold – YouTube Posted: 11 Feb 2013 08:14 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Occam's Gold vs Rube Goldberg's Fiat Posted: 11 Feb 2013 07:35 PM PST From the 'simplicity' of a Gold Standard to the 'complexity' of our current fiat system, Santiago Capital draws a handy analogy between the over-complicated machines of 'Rube Goldberg' that represents the interactions between the various actors affecting the size and velocity of our monetary base and the 'simplest possible, but no simpler' world of 'Occam's Razor'-prone gold. In two brief presentations, Brent Johnson introduces the two systems and explains that in order to keep the shark of our economy alive, one of two things must happen: monetary velocity must be maintained or the monetary base must rise. Obviously both are inflationary. From how the system is designed to its drastic implications, simple, brief, concise, and what to do about it.
Presentation 1: How The System Is Designed... Introducing Occam's Gold Standard and Goldberg's Fiat system, and the enormity of our credit-based fiat system's liabilities... and how new money enters the system.
Presentation 2: The Reality And Its Implications... What happened after the dot-com bust til now... the Fed plugging the hole... the monetary base has only contracted 8 times YoY in the last 93 years with the last significant contraction occurring 60 years ago... the Fed will not let it fall (or the shark is dead)... from the ramifications of false CPI to the ignorance of facts in the CBO projections, from "it just doesn't happen" to the marginal utility of new debt, there is only one way out for the Fed (and they need to keep it quiet from the masses)...
Simply put (by Stein) "If something cannot go on forever, it will stop"... whether we decide to do it ourselves or the market does it for us, our over complicated system of money is going to stop...
and as such - buy protection against this absolutely certain eventuality. |
| The DOLLAR is DYING – Greg Mannarino – YouTube Posted: 11 Feb 2013 07:33 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| McEwen Mining (MUX): El Gallo Complex Gold Mine Analyst Tour - Sinaloa, Mexico Posted: 11 Feb 2013 06:56 PM PST McEwen Mining (MUX) was kind enough to invite us on a tour of their gold mine at the El Gallo Property in Sinaloa, Mexico. Kitco News' Daniela Cambone travels to Mexico to take a look at the gold mine's operations as the company celebrates its first year of production at El Gallo Phase 1. We begin our presentation on the journey to Sinaloa, Mexico with an interview by Brent Cook, famed geologist of "Exploration Insights", as he provides us with an overview of the current state of affairs within the mining industry, launching us into our special feature about the journey to McEwen Mining's El Gallo gold mine property and what we learned there, beginning @ 02:02 -- We discuss many of our findings along the way, and uncover the essence of a country where commercial mining activities began well over 500 years ago. We review some history about Sinaloa before diving into the exciting developments at McEwen Mining as they celebrate commercial production at El Gallo Phase 1. A MUST SEE SPECIAL FEATURE, featuring in-depth reporting by Daniela Cambone! You do not want to miss this one! Kitco News, February 8, 2012.
http://www.youtube.com/watch?feature=player_detailpage&v=W7B_adg5eWY Published on Feb 11, 2013 |
| The Top Ten Stocks for Monday, February 11 – YouTube Posted: 11 Feb 2013 06:17 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Gold Breaks Below 1650, Real Test Comes at January Low Posted: 11 Feb 2013 06:03 PM PST courtesy of DailyFX.com February 11, 2013 03:12 PM Weekly Bars Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Commodity Analysis: “Gold’s rebound from the 61.8% retracement of the rally from 1522 and former resistance (June-August 2012 highs) is constructive but the near term picture is defined by roughly 1650 and 1700. A break of that zone will present the next directional opportunity.” Commodity Trading Strategy: Gold is below 1650 so shorts may be taken in the near future. A drop below the January low would warrant a bearish breakout entry. LEVELS: 1600 1626 1642 1660 1685 1700... |
| Posted: 11 Feb 2013 05:37 PM PST I like posting Michael Snyder articles. He makes me look like a raving optimist. Show This To Anyone That Believes That "Things Are Getting Better" In AmericaSubmitted by Michael of The Economic Collapse blog, How can anyone not see that the U.S. economy is collapsing all around us? It just astounds me when people try to tell me that "everything is just fine" and that "things are getting better" in America. Are there people out there that are really that blind? If you want to see the economic collapse, just open up your eyes and look around you. By almost every economic and financial measure, the U.S. economy has been steadily declining for many years. But most Americans are so tied into "the matrix" that they can only understand the cheerful propaganda that is endlessly being spoon-fed to them by the mainstream media. As I have said so many times, the economic collapse is not a single event. The economic collapse has been happening, it is is happening right now, and it will continue to happen. Yes, there will be times when our decline will be punctuated by moments of great crisis, but that will be the exception rather than the rule. A lot of people that write about "the economic collapse" hype it up as if it will be some huge "event" that will happen very rapidly and then once it is all over we will rebuild. Unfortunately, that is not how the real world works. We are living in the greatest debt bubble in the history of the world, and once it completely bursts there will be no going back to how things were before. Right now, we are living in a "credit card economy". As long as we can keep borrowing more money, most people think that things are just fine. But anyone that has lived on credit cards knows that eventually there comes a point when the game is over, and we are rapidly approaching that point as a nation. Have you ever been there? Have you ever desperately hoped that you could just get one more credit card or one more loan so that you could keep things going? At first, living on credit can be a lot of fun. You can live a much higher standard of living than you otherwise would be able to. But inevitably a day of reckoning comes. If the federal government and the American people were forced at this moment to live within their means, the U.S. economy would immediately plunge into a depression. That is a 100% rock solid guarantee. But our politicians and the mainstream media continue to perpetuate the fiction that we can live in this credit card economic fantasy land indefinitely. And most Americans could not care less about the future. As long as "things are good" today, they don't really think much about what the future will hold. As a result of our very foolish short-term thinking, we have now run up a national debt of 16.4 trillion dollars. It is the largest debt in the history of the world, and it has gotten more than 23 times larger since Jimmy Carter first entered the White House. The chart that you see below is a recipe for national financial suicide…
Of course things have accelerated over the past four years. Since Barack Obama entered the White House, the U.S. government has run a budget deficit of well over a trillion dollars every single year, and we have stolen more than 100 million dollars from our children and our grandchildren every single hour of every single day. It is the biggest theft of all time. What we are doing to our children and our grandchildren is beyond criminal. And now our debt is at a level that most economists would consider terminal. When Barack Obama first entered the White House, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 103 percent. We are officially in "the danger zone". If things really were "getting better" in America, we would not need to borrow so much money. Our politicians are stealing from the future in order to make the present look better. During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined. That is utter insanity! If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off. So what is the solution? Get ready to laugh. The most prominent economic journalist in the entire country, Paul Krugman of the New York Times, recently suggested the following in an article that he wrote entitled "Kick That Can"…
You mean that we might actually do damage to the debt-fueled economic fantasy world that we are living in if we stopped stealing so much money from future generations? Oh the humanity! It is horrifying to think that all that one of the "top economic minds" in America can come up with is to "kick the can" down the road some more. Unfortunately, neither Paul Krugman nor most of the American people understand that our financial system is actually designed to create government debt. The bankers that helped create the Federal Reserve intended to permanently enslave the U.S. government to a perpetually expanding spiral of debt, and their plans worked. At this point, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was first created. So why don't the American people understand what the Federal Reserve system is doing to us? It is because most of them are still plugged into the matrix. A Zero Hedge article that I came across today put it beautifully…
If nothing is done about our exploding debt, it is only a matter of time before we reach financial oblivion. According to Boston University economist Laurence Kotlikoff, the U.S. government is facing a "present value difference between projected future spending and revenue" of 222 trillion dollars in the years ahead. So how in the world are we going to come up with an extra 222 trillion dollars? But it is not just the U.S. government that is drowning in debt. Just check out this chart which shows the astounding growth of state and local government debt in recent years…
All over the United States there are state and local governments that are on the verge of bankruptcy. Just check out what is going on in Detroit. The only way that most of our state and local governments can keep going at this point is to also "kick the can" down the road some more. And of course most of the rest of us are drowning in debt as well. 40 years ago, the total amount of debt in the U.S. economic system (government + business + consumer) was less than 2 trillion dollars. Today, the total amount of debt in the U.S. economic system has grown to more than 55 trillion dollars. Can anyone say bubble? The good news is that U.S. GDP is now more than 12 times larger than it was 40 years ago. The bad news is that the total amount of debt in our financial system is now more than 30 times larger than it was 40 years ago…
At the same time that we are going into so much debt, our ability to produce wealth continues to decline. According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001. That number dropped to 21.6 percent in 2011. That is not just a decline – that is a nightmarish freefall. Just check out the chart in this article. We are becoming less competitive as a nation with each passing year. In fact, the U.S. has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row. Most Americans don't understand this, but the United States buys far more from the rest of the world than they buy from us each year. In 2012, we had a trade deficit of more than 500 billion dollars with the rest of the world. That means that more than 500 billion dollars that could have gone to U.S. workers and U.S. businesses went out of the country instead. So how does our country survive if hundreds of billions of dollars more is flowing out of the country than is flowing into it? Well, to make up the shortfall we go to the countries that we sent our money to and we beg them to lend it back to us. If that doesn't work, we just print and borrow even more money. Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975. That is 8 trillion dollars that could have saved U.S. businesses, paid the salaries of U.S. workers and that would have helped fund government. But instead, our foolish policies have greatly enriched China and the oil barons of the Middle East. Sadly, politicians from both political parties continue to boldly support the one world economic agenda of the global elite. Just consider how destructive many of these "free trade" deals have been to our economy… When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars. By 2010, we had a trade deficit with Mexico of 61.6 billion dollars. Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little "m") for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world. In particular, our trade with China is extremely unbalanced. Today, U.S. consumers spend approximately 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States. But isn't getting cheap stuff from China good? No, because it costs us good paying jobs. According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year. Overall, more than 56,000 manufacturing facilities in the United States have been shut down since 2001. During 2010, manufacturing facilities in the United States were shutting down at a rate of 23 per day. How can anyone say that "things are getting better" when our economic infrastructure is being absolutely gutted? The truth is that there are never going to be enough jobs in America ever again, because millions of our jobs are being sent overseas and millions of our jobs are being lost to technology. You won't hear this on the news, but the percentage of the civilian labor force in the United States that is employed has been steadily declining every single year since 2006. Younger workers have been hit particularly hard. In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent. Today, the unemployment rate for that same age group is about 13 percent. If you are under the age of 30 and you aren't living with your parents, there is a really good chance that you are living in poverty. If you can believe it, U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent. Our economy has been steadily bleeding huge numbers of middle class jobs, and many of those jobs have been replaced by low paying jobs in recent years. According to one study, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs. And at this point, an astounding 53 percent of all American workers make less than $30,000 a year. Oh, but "things are getting better", right? Maybe if you live on Wall Street or if you are an employee of the federal government. But for most families this economic decline has been a total nightmare. Median household income in America has fallen for four consecutive years. Overall, it has declined by over $4000 during that time span. Sometimes people forget how good things were about a decade ago. About three times as many new homes were sold in the United States in 2005 as were sold in 2012. But we like to live in denial. In fact, a lot of families are trying to keep up their standards of living by going into tremendous amounts of debt. Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48. Fake it until you make it, right? But how much debt can our system possibly handle? Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago. Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago. We are a nation that is completely addicted to debt, but as the financial crisis of 2008 demonstrated, all of that debt can have horrific consequences. As the economy has slowed in recent years, the Federal Reserve has decided that "the solution" is to recklessly print money in an attempt to get the debt spiral cranked up again. Have they gone overboard? You be the judge…
And of course this won't have any affect on the value of the money that you have been saving up all these years right? Wrong. Every single dollar that you own is continually losing value…
Overall, the value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created. As the cost of living continues to go up and wages continue to go down, millions of American families have fallen out of the middle class and into poverty. If you can believe it, the number of Americans on food stamps has grown from about 17 million in the year 2000 to more than 47 million today. But "things are getting better", right? Incredibly, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history. But "things are getting better", right? There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001. But "things are getting better", right? In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance. But "things are getting better", right? Today, more Americans than ever have found themselves forced to turn to the federal government for help. Overall, the federal government runs nearly 80 different "means-tested welfare programs", and at this point more than 100 million Americans are enrolled in at least one of them. According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government. So is it a good sign or a bad sign that the percentage of Americans that are financially dependent on the federal government is at an all-time high? And in future years the number of Americans that are receiving benefits from the federal government is projected to absolutely skyrocket. Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls. If you take a look at Medicare, things are very more sobering. As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025. At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for every single household in the United States. Are you ready to contribute your share? Social Security is a complete and total nightmare as well. Right now, there are approximately 56 million Americans collecting Social Security benefits. By 2035, that number is projected to soar to an astounding 91 million. Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years. Oh, but don't worry because "things are getting better", right? I honestly do not know how anyone can look at the numbers above and come to the conclusion that the economy is in good shape. We have accumulated the largest mountain of debt in the history of the world, our economic infrastructure is being gutted, we are bleeding good jobs, government dependence is at an all-time high and we are getting poorer as a nation with each passing day. But other than that, everything is rainbows and lollipops, right? If you want to see the economic collapse, just open up your eyes. And if dramatic changes are not made quickly, things are going to get much, much worse from here. Please share this article with as many people as possible. Time is quickly running out and there are a whole lot of people out there that we need to wake up while we still can. U.S. gold is being exported to Asia, especially Hong Kong Posted: 11 Feb 2013 05:35 PM PST U.S. Gold Bars and Coins Find New Home Overseas on Asian Demand By Frank Tang http://www.reuters.com/article/2013/02/11/usa-gold-export-idUSL1N0BB9CO2... NEW YORK -- Booming demand for gold as a store of wealth among Asian investors is driving physical gold bars and coins out of the United States and into Asia. A growing number of gold vaults for affluent Asians and new precious metals investment products, particularly exchange-traded funds, have led to an exodus of gold owned privately from the United States into emerging economic powers such as China. On Friday, Commerce Department data showed U.S. exports of nonmonetary gold, which excludes central bank transactions, soared by 43 percent to $4 billion in December from the previous month. ... Dispatch continues below ... GoldMoney adds Singapore vaulting option In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To find out more about the new vault, please visit: http://www.goldmoney.com/singapore?gmrefcode=gata GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults. It's easy to open an account, add funds, and liquidate your investment. For more information, visit: http://www.goldmoney.com/?gmrefcode=gata Hong Kong accounted for around $2 billion, or half of the nonmonetary gold exports for the month. Uncertainty about the U.S. fiscal situation and euro-zone debt crisis have prompted many ultra-rich gold investors to move their bullion holdings to Hong Kong and Singapore from traditional gold hubs in Switzerland, London, and New York. "As the Asian market becomes more affluent, we are seeing more private investors looking to move their metals offshore," said Miguel Perez-Santalla, vice president of online precious-metals exchange BullionVault. "People want to have their money next to them." A shortage of storage space has been a growing issue in Asia as vaulting companies have not kept up with the pace of inflow of physical bullion, he said. U.S. gold exports to Hong Kong have been steadily increasing in the past several years as wealthy Asian individuals looked to diversify their portfolios into gold, said Michael George, a commodity specialist at the U.S. Geological Survey. In November, ETF Securities launched three ETFs that are backed by physical precious metal in Hong Kong. Some money managers cited the recent U.S. fiscal crisis for the physical gold outflow. "The uncertainty over the debt ceiling and fiscal cliff have greatly diminished confidence in the U.S. banking system," said Jeffrey Sica, chief investment officer of SICA Wealth, which manages over $1 billion in client assets. George said some of the gold import to Hong Kong could be transferred to China and nearby countries such as Taiwan, which has also seen an increase in U.S. gold imports in recent years. Last Tuesday data showed Hong Kong's net gold flow to mainland China jumped 47 percent in 2012 to a record high of 557.478 tonnes, a sign of strong Chinese demand. China, the world's second largest economy, has been vying with India to be the world's top gold consumer. Gold demand from China is likely to grow around 10 percent in 2013, an official from the trade group World Gold Council said in a recent interview. Hong Kong's proximity to the prosperous southern China and free capital-flow environment have benefited the former British colony as China's trading window to the world. Join GATA here: California Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: How to profit in the new year with silver -- Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... |
| The Gold Price Got the Short End of the Stick Loosing 1.07% Today to Close at $1,648.20 Posted: 11 Feb 2013 05:16 PM PST Gold Price Close Today : 1,648.20 Change : -17.80 or -1.07% Silver Price Close Today : 30.895 Change : -0.530 or -1.69% Gold Silver Ratio Today : 53.348 Change : 0.333 or 0.63% Silver Gold Ratio Today : 0.01874 Change : -0.000118 or -0.62% Platinum Price Close Today : 1695.00 Change : -18.50 or -1.08% Palladium Price Close Today : 758.20 Change : 7.10 or 0.95% S&P 500 : 1,517.01 Change : -0.92 or -0.06% Dow In GOLD$ : $175.23 Change : $ 7.50 or 4.47% Dow in GOLD oz : 8.477 Change : 0.363 or 4.47% Dow in SILVER oz : 452.22 Change : 6.93 or 1.56% Dow Industrial : 13,971.24 Change : -21.97 or -0.16% US Dollar Index : 80.20 Change : -0.012 or -0.01% The silver and GOLD PRICE couldn't agree today, and gold got the short end of the stick. Gold fell through the uptrend line from the June 2012 low, which formed the bottom boundary of its even-sided triangle. Low came at $1,643.38. Unless the GOLD PRICE jumps tomorrow and leaves that behind as a spike low, then it will continue down to $1,629, the last low, and the same place an internal support line should catch it. If it did fall through that line, then it will head for the downtrend line from the September 2011 high, now about $1,595. The SILVER PRICE, y'all will recall, shows greater strength than gold when stocks are rising. Not too surprising, then, that silver fell not as hard as gold today. Stopped slightly before it hit the June 12 uptrend line with a 3089.5c low. That line also forms the bottom boundary of that even-sided triangle. Oh, the 200 day is also right below, at 3067c. If silver breaks that support tomorrow, it could fall to 2964c, but we might be dealing with another spike bottom. Momentum indicators are plumb discouraging, too. Here I am fidgeting and fussing over 1% or 1.7% moves in silver and gold, and then I get slapped in the face by a currency devaluation in Venezuela. Last Friday, without much warning, Venezuela devalued the bolivar from 4.3 to the dollar to 6.3 to the dollar, a 31.75% loss overnight. Remember that the Nice Government Men give you no warning about these Surprise Parties, because they want the maximum catch of victims in their trap. Let me give y'all that in terms that you can grasp easily. If the Fed devalued the US dollar 31.75% overnight (and I am NOT saying Ben the Benevolent and Beneficient is about to do that), and you went to bed with silver at $31/oz and gold at $1,660, you would wake up to silver at $40.84 and gold at $2,187.05. In the good ol' US of A, of course, our rulers steal our money less crudely as the Venezuelans. Rather, our Nice Government men spread the devaluation out over several years, so you go to sleep in 2001 with gold at $252 and silver at $4.01, and wake up in 2013 to $1,660 gold and $31 silver. None of them overnight devaluations for us, no sirree. We're civilized. AND democratic. All our banks are equal. Folks, when you buy silver and gold, don't ever lose sight of what you are protecting yourself from: the insidious, sudden or slow, theft of your wealth by monetary manipulation. That's why it doesn't pay to let your mind fix too narrowly on daily, weekly, or even yearly moves. You have to ride that primary trend. But it hurt anyway when silver and gold tumbled to or broke the bottom of that triangle I've been writing about. Silver lost 53 cents and struck bottom at 3089.5 cents. Gold shed $17.80 to perch at $1,648.20. I'll explain below. Dollar index is stretching higher and has spooked stock investors, I suspect. It edged back today, down 1.2 basis points to 80.199, practically flat. Euro rose, but not convincingly, by 0.28% to $1.3403. If it breaks $1.3150 then it will appear that the long rally from last July has ended. Never mind the yen -- it fell to yet another new low today, down 1.81% to close at 105.99c/Y100. No bottom there, it seems. Stocks paused today. Dow fell 21.73 (0.16%) to 13,971.24, S&P500 lost 0.92 (0.06%) to 1,517.01. Way more interesting are the Dow in Silver and Dow in Gold. Dow in Silver gapped up, but only to the last high. Dow in Gold gapped up past the last high. I have to read that as a clear message that the Dow in Gold will rise at least to 9.12 oz (GS188.53). That strongly implies that the Dow in silver will also rise, probably to or beyond the last intraday high (July 2012) at 479.27 oz. Only a reversal in the next day or so would gainsay that. Today spreads out another example of why H.L. Hunt's wisdom was so useful when he said, "Never get really elated in victory; when times are tough, never get down." Y'all can fall out by the side of the road in the ditch if you want, but I'm fixing to keep on walking. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com 1-888-218-9226 10:00am-5:00pm CST, Monday-Friday © 2013, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't. |
| Goldrunner: What We ?Know? & ?Don?t Know? About Where Gold, Silver and PM Stocks Are Going Posted: 11 Feb 2013 04:15 PM PST *[B][B][B][B][B][B][B][B][B][B][B]"[B]Follow the [COLOR=#0000ff][U]munKNEE" [/U][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/COLOR]via twitter &[B][B][B][B][B][B][B][B][B][B][B][B][B][B][B][B][B] Facebook [/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B]or [B][B][B][B][B][B][B][B][B][B][B][B][B][B][B][B][B]Register [/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B][/B]to receive our daily Intelligence Report One never knows exactly where*Precious Metals*are going so I always try to keep in mind a list of items that are probable based on the facts that are evident.* I call this "what we know" and "what we don't know"* so let's take a look what we "know" and "don't know" at this point in time. Words: 872 So writes Goldrunner* ([url]www.GoldrunnerFractalAnalysis.com[/url]) in edited excerpts from his most recent newsletter to subscribers (excluding his illustrative charts which are only available to subscribers) posted here with permission. Go here ... |
| "Like Lambs To Slaughter," Observations On The Real Lessons Of Keynes Posted: 11 Feb 2013 04:10 PM PST From the management of a global currency war to the 1998 Committee to Save The World, QBAMCO provides an all encompassing escape into the reality our current - and future - monetary (and inflationary) world. While Brodsky and Quaintance do not expect a breakdown in global monetary oversight, they do expect fiat currency debasement to continue to mask the driver of real economic malaise and contraction - global bank deleveraging; and they do expect this process to lead to a popular loss of confidence in today's major currencies as savings instruments – perhaps beginning in the global capital markets in 2013.
The big macro questions:
Higher global goods and service inflation is a tail event currently unforeseen by the great majority of investors and unexpressed, or expressed improperly, in the great majority of investment portfolios. And yet we see it as a lock, perhaps asserting itself in 2013.
February marks QBAMCO's sixth anniversary and we are grateful for the interest our views have generated. This piece addresses the following issues:
The Play: We think that what will eventually (or soon) occur will be the rare occasion when return-on-savings trounces return-on-investment, implying precious metals will outperform the great majority of financial assets (except for shares in precious metals miners and natural resource producers).
Full article below: |
| We Are In Uncharted Waters – The Debate Is Not Addressing The Truth Posted: 11 Feb 2013 03:55 PM PST Frank Giustra is a very successful entrepreneur and investor. He succeeded in various role, from the gold mining sector to the fim industry. Very recently, he spoke at the World Outlook Financial Conference where he was interviewed by Michael Campbell, Business Columnist and Host of Money Talks. They addressed a couple of big themes. The interview is extremely insightful, accurate and actual. We are in uncharted watersSome of the greatest minds in the investment world are confused and opinions are extremely diverse because we are in uncharted waters. Frank Giustra says the following:
The outlook does not bode well. Frank Giustra studies a lot and gets in touch with a lot of people from all classes. He is convinced that we will see some sort of painful outcome given the "mess" the world is. Most have their own agenda and the ongoing debate is not addressing the truthFrank Giustra points to the ongoing debate that is not addressing the truth. The reality is that the true fix will require pain, but no one is willing to suffer, whether it is the cutting back on services, or increasing taxes. The IMF has suggested that, in order to get out of this fiscal mess, the US has to raise taxes by 35% and cut costs 85% percent across the board. It is like everybody is on the titanic right now and they can see the iceberg on the horizon.
High quantity but low quality of information The amount of information that is being thrown to the average investor is impossible to follow. People are bombarded with information, which is made available today because of the internet. The quality of that information is really poor. The mainstream media is doing a great disservice to the average investor in many different ways. A lot of the media is driven by opinions; they quote opinions that have an agenda. The bank analysts know how to comment on QE because most of the banks are benefiting from QE . For the average investor the actual information is just terrible. Inflation will hit During the interview, Frank Giustra says that we haven't seen inflation yet because the velocity of money is at a complete stance. Velocity of money has been brought to a halt; it hasn't been this slow since the records back in 1959. Monetary inflation has manifested itself into asset bubbles.
At the end of the interview, Giustra explains that inflation is caused by the fear of inflation. In fact, he says inflation is a self-fulfilling prophecy (every central bank of the world knows it). Your expectations for inflation will push up prices; it is the central banks primary job to manage those expectations. Bernanke gave a great speech in 2007 where he talked exactly about this; it was a speech talking about anchoring expectations. |
| Posted: 11 Feb 2013 03:53 PM PST February 8, 2013 Mogambo Guru Poetry with a punch you can use I am seriously considering changing careers. I have, to my dismay, discovered that being a paranoid, angry, cynical, Austrian School economist and all-around lunatic raving gold-bug whack-o slacker, who is absolutely sure that We're Freaking Doomed (WFD), is an occupation that does not have that certain glorious glamour and commanding cache to elicit the fawning adoration of hot chicks ("Take me, Hot Mogambo Poet (HMP)! Bend me over something and let 'er rip!") that would certainly brighten up my admittedly bleak days expecting, as you learned earlier in this paragraph, doom. So I am thinking of becoming a famous and influential poet. To establish my impressive credentials, here, for your pleasure, is my first poem: Roses are red, Violets are blue, Gold and silver are such screaming bargains because the evil, foul Federal Reserve is creating So Freaking Much (SFM) currency and credit in some nightmarish flood of insane monetary inflation that if you aren't buying them, Then something is very, very wrong with you. Well, I am sure that you, like poetry lovers everywhere, instantly recognize this as the absolutely best poem ever written in English, as it is the only poem that tells you how to get stinking rich by doing nothing except, as the poem makes abundantly clear, buying gold and silver to capitalize on the suicidal idiocy of the Federal Reserve creating so much currency and credit to fund the insane deficit-spending of the corrupt Congress that must, by mathematical necessity, bankrupt the whole country and cause ruinous inflation in prices, which is more precisely defined by us professional economists as The Big Crapola (TBC). Other poems are but clever and/or melodious trifles, toying with your emotions. But here, from the Mighty Pen Of The Mogambo (MPOTM), comes a powerful poem of such sublime rhyme, meter of a strange sort and, if you look hard enough and really use your imagination, actual alliteration, brilliantly combined with a sure-fire Path To Extreme Riches (PTER), as guaranteed by 2,500 years of history Now, please notice that I used the word "currency" instead of "money." I did this for two important, but completely different, reasons. One reason is, by virtue of my newly-found chick-magnet status of being the Best Poet Who Ever Lived (BPWEL), "currency" is poetically alliterative with "creating" and "credit" which is a literary technique us big-time poets use all the time. The other reason is because, as Mike Maloney of goldsilver.com pleasantly pointed out to me, it is an important fact that I never thought about, namely fiat dollars are NOT "money." This is a fascinating fact I learned when I casually stopped by his office and politely asked for him to loan me some money because I could use a few bucks since it was almost lunchtime and I was hungry, but if I went home to eat, my wife would ask me where I was all morning, and I'd say I was at the driving range like I always am, damn it, and then I'd get some static about what a low-life, lazy bastard I am. And if I used my own money to eat lunch, then I wouldn't have enough left over to get another bucket of balls to hit at the driving range, to while away the afternoon so I wouldn't have to go home and hear what a low-life lazy bastard I am. So you can see my dilemma. I'll never forget what he said. First, he picked up the phone and said "Ask Security to send some people to my office, please." Then he turned to me and, with a smile, said "Fiat dollars are not money. They are currency." While we were waiting for the Security people get up to his office, I learned that he is quite the educator, and he pleasantly explained that while pieces of paper printed with pretty pictures can be used as a medium of exchange and as a unit of account, two important functions of money, they are not intrinsically valuable (another feature of real money), nor are they a store of value, which is one of THE really necessary things to be "money." When he saw that I was soon pretty confused, as I usually get when learning new stuff, he finally sighed and said "I won't give you any money, but I will give you some currency. How much would it take to make you leave and never come back?" I said "Two bucks!" He said "Fine. Here's two currency dollars," and then I left, and I passed the Security guy in the hall ("Hello, Carl!" "Go to hell, Mogambo.") Thinking about it, I see that this "fiat dollars are not money because they are not a store of value" fact is made magnificently manifest by noting that at one time, when I was a kid, a dollar could buy a quite few yummy candy bars, each a delightful, delicious ambrosia of chocolate, caramel, nuts, sugar out the wazoo, artificial colors and various preservatives. But today, with that same dollar, you can buy only one candy bar. If that! So the lesson is: Fiat dollars are not a store of value. This can be made abundantly clear of you think back, way back, to when you were a kid, and you were in bed at night, awake, silently seething with anger about something, and you made plans, lots of plans, dark, nefarious plans. Perhaps one of them was "I am going to hang on to the next dollar I get, so that in the future when, one dark day of adulthood and I have had it up to freaking here with my whining wife, and my crazy, juvenile-delinquent kids, and some stupid butt-head boss who does not recognize my genius but who is instead always yelling at me about my getting to work 'on time', or not sleeping on the job. or ducking out early, or something, then I can take that dollar, go down to the store, and buy a handful of candy bars, eat them all at one time, cramming my mouth completely full, and get completely buzzed out of my mind on the sugar-high, blissfully forgetting my problems for a couple of hours. Yeah! That's what I'll do!" And so, how did the plan work out? I'll tell you how. You have that one lousy dollar, to buy one lousy candy bar, and get one lousy, low-grade sugar-buzz for, what? A lousy half hour? Anyway, I see I got off the subject by a long shot, when what I wanted you to know, in case you were pooh-poohing my terrific poem, is that it has apparently already had an effect, as we learn from a Bloomberg.com news item that China, perhaps inspired by my poem that gold is a store of value, is using their vast hoard of not-a-store-of-value fiat currencies to buy gold hand-over-fist, as implied by "gold imports from Hong Kong jumped by 94 per cent to 834.5 tonnes in 2012 with a monthly record of 114.4 tonnes in December." According to numbersleuth.org, about 165,000 metric tons of gold have been mined in history. This means that last year the Chinese bought one-half of one percent of all the gold mined in all of history, and judging by the exponential trajectory of their increasing imports of gold, it won't be long until they have most of it! Perhaps in that vein, as I don't know if the Chinese are involved in this, too, but Goldreport.com looked at the "delivery requests on the COMEX for the month of February, we see that they are reaching the astronomical amount of 43.26 tons of physical gold, or 1,391,000 ounces of gold to deliver." To make sure we realize the significance of this, as I surely didn't, they go on that "since the '70s, it's the first time that there is such a request for physical gold delivery from the COMEX." It's as if everybody has suddenly heard and heeded the poet of the ages (me!), and are buying gold and silver at a feverish clip! I don't know if they are saying to themselves "Whee! This investing stuff is easy!" when they do, but they (as we poets would say) should, and could, and probably would if they knew they should! |
| Silver Is Probably The Best Asset In The World Posted: 11 Feb 2013 03:25 PM PST The newest "Thunder Road Report" appeared today. The author Ted Ferguson (associated to Seymour Pierce Equity Research) always succeeds in bringing an well researched message. In his latest edition, titled "Silver: right now (probably) the best asset in the world" he focuses on silver and its prospects. This newest edition counts some 8 pages goes and the summary invites you to read the whole document:
The author analyzes two silver cycles: the 5.58 year and 31 year cycle. Those two cycles "predict" a new cyclical high in 2013 which would imply a new all-time high in the price of silver at something over US$50/oz. Please take this information for what it is: a forecast although a well researched one. Apart from the silver cycle discussion, Ted Ferguson makes the fundamental case for silver at the end of the document, based on the following criteria:
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| Schmidt to Sell Google Stake Worth $2.5 Billion – YouTube Posted: 11 Feb 2013 02:53 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| LBMA trader brushes off today's attack on gold Posted: 11 Feb 2013 02:24 PM PST 4:21p ET Monday, February 11, 2013 Dear Friend of GATA and Gold: Bull Market Thinking's Tekoa da Silva interviews a London gold trader about today's attack on gold and he brushes it off as exploitation of a brief interruption of physical demand. The interview is headlined "LBMA Trader: 'This Is Just Smart Money Pushing Gold To The Extremes'" and it's posted at Bull Market Thinking here: http://bullmarketthinking.com/lbma-trader-this-is-just-smart-money-pushi... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT How to profit in the new year with silver -- Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... Join GATA here: California Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT GoldMoney adds Singapore vaulting option In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To find out more about the new vault, please visit: http://www.goldmoney.com/singapore?gmrefcode=gata GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults. It's easy to open an account, add funds, and liquidate your investment. For more information, visit: http://www.goldmoney.com/?gmrefcode=gata |
| Chavez Devaluation Puts Venezuelans to Queue on Price Raise Posted: 11 Feb 2013 02:19 PM PST 11-Feb (Bloomberg) — Venezuelans lined up to purchase airline tickets and TVs this weekend in a bid to protect themselves from price increases after ailing President Hugo Chavez devalued the bolivar for a fifth time in nine years. Chavez, who is recovering from cancer surgery in Havana, ordered his government to weaken the exchange rate by 32 percent to 6.3 bolivars per dollar starting Feb. 13, Finance Minister Jorge Giordani told reporters Feb. 8. Yesterday, a sign at an electronics store in southeastern Caracas restricted customers to one purchase each as Venezuelans rushed to buy flat-screen televisions. A weaker currency may further fuel the fastest inflation rate in the region as about 70 percent of products consumed in Venezuela are imported or assembled from raw material shipped from abroad, according to the Consecomercio trade chamber in Caracas. PG View: While more subtle, the Fed's war on savers is designed to do the same thing: In forcing interest rates below the rate of inflation, people are encouraged to buy goods and services now. While the Fed might argue that this stimulates the economy and creates jobs, the evidence to support such assertions are spotty at best. However, in discouraging saving and keeping returns on fixed income investments suppressed, it leaves many vulnerable to poverty in their retirement years. |
| Gold Seeker Closing Report: Gold and Silver Fall Over 1% Posted: 11 Feb 2013 02:18 PM PST Gold fell to as low as $1643.88 in early New York trade before it bounced back higher at times, but it still ended with a loss of 1.13%. Silver slipped to as low as $30.815 and ended with a loss of 1.53%. |
| Gold Daily and Silver Weekly Charts - G7 'All Is Well' - Raid in Honor of Chinese New Year Posted: 11 Feb 2013 02:10 PM PST This posting includes an audio/video/photo media file: Download Now |
| Sprott sees scrap gold disappearing, expects Comex default Posted: 11 Feb 2013 02:05 PM PST 4p ET Monday, February 11, 2013 Dear Friend of GATA and Gold: Sprott Asset Management CEO Eric Sprott today tells King World News that scrap gold supply is disappearing, that he expects the Comex gold futures market to default, and that when it does, gold "will make up for these past two years in no time." An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/11_Sp... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Fred Goldstein and Tim Murphy open All Pro Gold All-Pro Gold, run by long-time GATA supporters Fred Goldstein and Tim Murphy, offers its services to GATA supporters and anyone else interested in precious metals. The company brokers a full line of precious metals and numismatic coins. It aims to inform prospective clients about the importance of the monetary metals as part of a diversified financial portfolio and to keep prospective clients current with market trends. All-Pro Gold has competitive pricing and ships promptly to clients so they may have physical possession. Learn more by e-mailing Fred@allprogold.com or Tim@allprogold.com or telephone 1-855-377-4653 or visit www.allprogold.com. Join GATA here: California Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Opinion Around the World Is Changing When Deutschebank calls gold "good money" and paper "bad money". ... http://www.gata.org/node/11765 When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ... http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan... When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ... http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan... When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ... http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold... When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ... World opinion is changing in favor of gold. How can you learn why and what it will mean to you? Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard." Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him." To buy a copy of "The True Gold Standard," please visit: http://www.thegoldstandardnow.com/publications/the-true-gold-standard |
| Posted: 11 Feb 2013 02:01 PM PST The long and short of things - High beta currencies (Aussie) & commodities (Silver) have turned down - the Russell looks next ... Read More... |
| Posted: 11 Feb 2013 01:50 PM PST My Dear Friends, What does Russia know that is motivating their purchase of gold? What does China know that is motivating their intend to be the world largest owner of gold? What is behind the downside manipulation to separate you from your gold by scaring the hell out of you and you out of Continue reading In The News Today |
| New York Sun: The state of the dollar Posted: 11 Feb 2013 01:11 PM PST 3:06p ET Monday, February 11, 2013 Dear Friend of GATA and Gold: As President Obama prepares to deliver his State of the Union address Tuesday night, the New York Sun says the state of the dollar should overwhelm all other subjects. The Sun says: "Particularly in an age of fiat money, where there is no gold or silver backing for our national currency and the only basis of it is the economic good fortune of the nation ... well, particularly in such an age, the state of the dollar can be seen as a proxy for the state of the Union itself. If so, the state of the Union is at a historic low." The Sun's editorial is headlined "The State of the Dollar" and it's posted here: http://www.nysun.com/editorials/the-state-of-the-dollar/88190/ CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Opinion Around the World Is Changing When Deutschebank calls gold "good money" and paper "bad money". ... http://www.gata.org/node/11765 When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ... http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan... When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ... http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan... When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ... http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold... When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ... World opinion is changing in favor of gold. How can you learn why and what it will mean to you? Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard." Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him." To buy a copy of "The True Gold Standard," please visit: http://www.thegoldstandardnow.com/publications/the-true-gold-standard Join GATA here: California Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Get the real story about the precious metals Now you don't have to travel to attend a financial conference to hear Sprott Asset Management's precious metals experts -- Eric Sprott, Rick Rule, and John Embry. They'll be holding a round-table discussion via the Internet at 2 p.m. ET Tuesday, February 12, and you can be part of it. Among their topics: -- Why are precious metals such a compelling investment opportunity? -- Why are non-G7 central banks buying gold? Do Western central banks have any left? -- Why are investors buying as much silver as gold in dollar terms? What does this mean for the price of silver? -- Is the growing supply deficit of platinum and palladium going to push their prices higher? To register for this Internet conference and participate from the comfort of your own home or office, please visit: http://w.on24.com/r.htm?e=579230&s=1&k=70B829852A33CD255CC2A43ED63D18D0 |
| Why You Can Trust Your Analyst Again: Ingrid Rico Posted: 11 Feb 2013 01:04 PM PST The Gold Report: As of Sept. 30, 2012, Toronto-based M Partners had Buy recommendations on 84% of the 58 companies it covered at that time. There are many brokerages with similar percentages. Have analysts lost some credibility in the mining space over the last few years when companies have vastly underperformed the broad market despite analysts' Buy ratings and high target prices? Ingrid Rico: The simple way to answer that question is by explaining how we as analysts do our job. We try to do our best to demonstrate that a project makes economic sense. We look at the deposit and review mine plans. We try to get a handle on the operating challenges and the capital requirements for the project. Based on that, we build a model that needs some level of execution by the management in order to be achieved. [INDENT]"The project financing window is fairly narrow right now."[/INDENT]Over the last few years, we have seen some hiccups in the execution and delivery in the space, which has made ... |
According to Goldman Sachs' head of environmental markets group Kyung-Ah Park, investing in water utilities, infrastructure and water rights offer stable, long-term returns. "Water's an indispensable necessity, and supply is very inelastic," Park said in New York. Water infrastructure has grown into a megatrend according to the Goldman Sachs' group in which one in eight, or 884 million people, still lack access to safe water supplies.
Today billionaire Eric Sprott told King World News that the massive plunge in gold scrap recycling may be removing as much as a staggering 850 tons of gold from world supplies each year. Sprott, who is Chairman of Sprott Asset Management, also warned of a coming default on the COMEX, "And when it (the default) happens, there will be a substantial move in the price of gold (and silver). We'll make up for these last two years in no time."
Putin Turns Black Gold Into Bullion as Russia Out-Buys World … When 
From the 'simplicity' of a Gold Standard to the 'complexity' of our current fiat system, Santiago Capital draws a handy analogy between the over-complicated machines of 'Rube Goldberg' that represents the interactions between the various actors affecting the size and velocity of our monetary base and the 'simplest possible, but no simpler' world of Occam's Razor prone gold. In two brief presentations, Brent Johnson introduces the two systems and explains that in order to keep the shark of our economy alive, one of two things must happen: monetary velocity must be maintained or the monetary base must rise. Obviously both are inflationary. From how the system is designed to its drastic implications, simple, brief, concise, and what to do about it. Simply put "If something cannot go on forever, it will stop"… whether we decide to do it ourselves or the market does it for us, our overly-complicated system of money is going to stop… and as such – buy protection against this absolutely certain eventuality.
We saw a slight return of euro jitters in the second half of last week, following comments from European Central Bank President Mario Draghi, hinting that the strengthening euro since last summer was problematic for the eurozone. The currency fell from a high of US$1.36 on Wednesday to below $1.335 this morning, but has recovered slightly. We've been hearing more concerns from eurozone leaders about this recently, what with Francois Hollande's comments on this subject and German finance minister Wolfgang Schäuble expressing "deep concern" about the direction of Japanese monetary policy, with the Bank of Japan now trying to force a substantial depreciation in the yen.
Gold futures settled below $1,650 an ounce Monday, at a five-week low, with analysts attributing the decline to reports of a coordinated effort to avert a currency war among the Group of Seven nations.
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