Gold World News Flash |
- Fantastic Gold Chart & Commentary
- Jesse Jackson Jr Charged With Stealing $750,000 In Campaign Cash Used To Purchase “Fur Capes And Parkas” And Much More
- John Kaiser: Can the TSX Venture Be Saved?
- Gold market report: spike in banks net short silver position
- Speculative Money Flowing out of Gold
- Mining Deep for Gold
- What Happens to a Financial System When Its Two Biggest Pillars Collapse?
- Silver and China
- Gold - A Mere Rectangle Consolidation?
- Intermediate Gold Chart - 1550 to 1570 For a Range Trade, If It Gets There
- By the Numbers for the Week Ending February 15
- Jesse Jackson Jr Charged With Stealing $750,000 In Campaign Cash Used To Purchase "Fur Capes And Parkas" And Much More
- Genetically-Engineered Meat Isn’t Tested for Human Safety ... Because It’s Treated as an “Animal Drug”
- Jim's Mailbox
- Gold loses Support
- Goldâs Young Upleg
- Invisible River of Gold Is Wave of Wireless Future – YouTube
- Gold and the Universal Truth
- Currency Cold War
- Long-term Trading Cycles in the Gold Market and Their Implications for Future Price Moves
- Guest Post: Five Tools To Protect Your Privacy Online
- Gold Leaps Into Backwardation!
- Why The Latest Report On Gold Demand Trends Matters
- Gold Settles at Six-Month Low
- FRIDAY FAIL
- Gold's Young Upleg
- Gold Daily and Silver Weekly Charts - Hedge Funds and Specs Selling
- Urgent! Hedge Funds Preparing For Market Sell-Off. By Gregory Mannarino – YouTube
- Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 4% and 5% on the Week
- Be careful where you store your gold & silver. Big Brother is watching!
- Fitzpatrick & Greyerz - Fantastic Gold Chart & Commentary
- It's Imperative to Protect Your Security/Privacy Online – Here Are 5 Ways To Do So
- Gold and Silver Disaggregated COT Report (DCOT) for February 15
- Starting To Feel Like A Bottom
- The Perfect Pope
- COT Gold, Silver and US Dollar Index Report - February 15, 2013
Fantastic Gold Chart & Commentary Posted: 15 Feb 2013 11:30 PM PST from KingWorldNews: Today King World News is pleased to present an extraordinary piece with both Tom Fitzpatrick and Egon von Greyerz. Greyerz, founder of Matterhorn Asset Management, discussed global markets and gold, while top Citi analyst Ftizpatrick has just recommended clients get long gold, and he provided a tremendous chart. But first, here is what Greyerz had to say: "Eric, I see bubbles, I see bubbles everywhere in stocks, bonds, credit markets, derivatives markets, government debt, central bank debt. We have bubbles in Europe, the US, and Japan |
Posted: 15 Feb 2013 11:05 PM PST from Zero Hedge: And so the surreal criminal saga of former Illinois Congressman Jesse Jackson Jr. has ended. Jackson, 47, a prominent Chicagoan son of the civil-rights leader of the same name for the handful of people who are unaware, was a national co-chairman of President Barack Obama's 2008 campaign and an advocate of traditional Democratic Party constituencies. He disappeared in June, and it was later revealed that he was being treated at the Mayo Clinic for bipolar disorder and gastrointestinal issues, although now it appears kleptomania may have been one of the afflictions treated too. He returned to his Washington home in September but went back to the clinic the next month. As Bloomberg summarizes, "he pushed to maintain government support for the poor, including welfare, assistance for heating bills and the Head Start early education program." He certainly was very generous with other people's money. So generous, in fact, that hours ago he was charged with "misusing", also known as stealing, some $750,000 in campaign funds for purchases including a $43,350 gold Rolex watch, $5,150 for fur capes and parkas, $10,000 worth of "children's furniture", Michael Jackson and Bruce Lee memorabilia and much more. |
John Kaiser: Can the TSX Venture Be Saved? Posted: 15 Feb 2013 10:47 PM PST The Gold Report |
Gold market report: spike in banks net short silver position Posted: 15 Feb 2013 10:37 PM PST Finance and Eco. |
Speculative Money Flowing out of Gold Posted: 15 Feb 2013 10:31 PM PST [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] This afternoon's (Friday) Commitment of Traders report confirms what I have been discussing here on this site as well as in my audio interviews over at King World News Metals Wrap, namely, that the Central Banks have managed to curtail speculative money flows into Gold and direct those money flows into equities. This is the reason gold cannot find much in the way of traction to the upside and cannot mount any sustained moves higher. Quite simply, big specs are using rallies into resistance to unload stale longs and put on new shorts. Now that near term momentum has shifted to the downside, they are also selling into weakness and pressuring the metal even lower. Notice that since October of last year, hedge funds have been steadily liquidating long positions in the gold market while simultaneously instituting brand new short positions. The result of money flows out of the gold market in additio... |
Posted: 15 Feb 2013 09:42 PM PST Gold has been moving essentially sideways for more than a year since printing a high in August/September 2011. With last week's drop to below the lows of last December/ January many investors must be asking 'where is the ... Read More... |
What Happens to a Financial System When Its Two Biggest Pillars Collapse? Posted: 15 Feb 2013 09:40 PM PST by Graham Summers, Gains Pains & Capital: Those EU leaders who have yet to be implicated in scandals are not faring much better than their more corrupt counterparts. In France, socialist Prime Minister Francois Hollande, has proven yet again that socialism doesn't work by chasing after the wealthy and trying to grow France's public sector… when the public sector already accounts for 56% of French employment. France was already suffering from a lack of competitiveness. Now that wealthy businesspeople are fleeing the country (meaning investment will dry up), the economy has begun to positively implode. The first sign of this came actually came from Germany. As we noted a few months ago, Germany had prepared a working group to examine the impact of an economic collapse in France. |
Posted: 15 Feb 2013 09:20 PM PST from silverfish VT: |
Gold - A Mere Rectangle Consolidation? Posted: 15 Feb 2013 08:31 PM PST Having look at the broad picture of gold's multi-year uptrend line, it is timely to focus on the negative side of its price action, i.e the downtrend line since 2011's peak. The conclusion is that "price action since July 2012 is a mere ... Read More... |
Intermediate Gold Chart - 1550 to 1570 For a Range Trade, If It Gets There Posted: 15 Feb 2013 07:37 PM PST This posting includes an audio/video/photo media file: Download Now |
By the Numbers for the Week Ending February 15 Posted: 15 Feb 2013 07:20 PM PST SOUTHEAST TEXAS -- The strong jump in gold and silver volatility we have been expecting and talking about with Subscribers has arrived. Yoda's voice: "Thankful, we are, that profitably stopped out we were, when we were. - Umm Hmm! May the trading stops be with you and mind them well." This week's closing table is just below. This week includes some very important COT changes even though the cutoff was on Tuesday, with gold still in the $1,650s then. It shows that Managed Money traders, The Funds, have been the major source of paper gold selling pressure over the past while, NOT the Producer Merchants and bullion banks. For the details, Subscribers log in to review updated comments directly in the Subscriber GGR charts Sunday evening or so. To subscribe to Got Gold Report please click on the "Subscribe to GGR" button at top right. Join us today. |
Posted: 15 Feb 2013 06:39 PM PST And so the surreal criminal saga of former Illinois Congressman Jesse Jackson Jr. ("JJJR", "Junior" or just "Jackson") has ended. Jackson, 47, a prominent Chicagoan son of the civil-rights leader of the same name for the handful of people who are unaware, was a national co-chairman of President Barack Obama's 2008 campaign and an advocate of traditional Democratic Party constituencies. He disappeared in June, and it was later revealed that he was being treated at the Mayo Clinic for bipolar disorder and gastrointestinal issues, although now it appears kleptomania may have been one of the afflictions treated too. He returned to his Washington home in September but went back to the clinic the next month. As Bloomberg summarizes, "he pushed to maintain government support for the poor, including welfare, assistance for heating bills and the Head Start early education program." He certainly was very generous with other people's money. So generous, in fact, that hours ago he was charged with "misusing", also known as stealing, some $750,000 in campaign funds for purchases including a $43,350 gold Rolex watch, $5,150 for fur capes and parkas, $9,588 worth of "children's furniture", Michael Jackson and Bruce Lee memorabilia and much more. At the same time Jackson's wife, Sandra Stevens Jackson, was charged in a separate case with filing false tax returns. She faces a maximum penalty of three years in prison. Junior's charge has a maximum term of five years in prison. More importantly, he is sorry (to be caught, we can only surmise): "I want to offer my sincerest apologies to my family, my friends and all of my supporters for my errors in judgment and while my journey is not yet complete, it is my hope that I am remembered for the things that I did right." We hope Jackson's career-ender is a shining beacon of light what happens when the "misuse" of other people's money is finally exposed, especially, as the case may be, when once it finally all runs out. From Bloomberg:
And since everyone only wants to know just what "memorabilia" and other trinkets he spent $750,000 of taxpayer money on, here is the list from the conspiracy charge:
And then this: Full complaint below |
Posted: 15 Feb 2013 06:28 PM PST Painting by Anthony Freda: www.AnthonyFreda.com. USA Today reported last October that the FDA doesn’t even test the safety of genetically engineered food:
Now we know why. Bruce Friedrich reports:
This is food fraud, and classic corruption by the FDA ... You know, the agency that:
It is the same type of collusion between government and big business which has caused the financial crisis, the Fukushima nuclear meltdown, the Gulf oil spill and other major disasters (and see this; and number 9). As we noted last year:
But – if the FDA is treating genetically modified fish and meat as an “animal drug” – no one will test it for human safety.
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Posted: 15 Feb 2013 06:25 PM PST Jim, Perhaps the gold bears should see this chart and realize they are patsies for the BRICS. Have a good weekend and thanks for being there for us all. CIGA Peter
Dear Jim, At the end the sad state of the economies we're all in, Western developed countries will emerge, and suddenly Continue reading Jim's Mailbox |
Posted: 15 Feb 2013 06:19 PM PST [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] Gold bears have been salivating for nearly 5 weeks now over the prospect of setting off the avalanche of sell stops that had been building below the support region marked on the chart starting near $1640 and extending to $1630. They hit them and more today setting off a selling cascade that also nailed the sell stops just below $1620. That was enough, along with some brand new short selling, to take gold down towards the psychological support level at $1600. It then briefly penetrated that line but managed to claw its way back up as short term traders rang the cash register after this week's fall of $60+. The pit session close was a good $10 off the intraday low but in the aftermarket gold continued to attract selling pressure and was pivoting around the $1606 level for most of the late afternoon. The last 30 minute or so of trading in the stock market saw that sector begin recovering off the W... |
Posted: 15 Feb 2013 05:12 PM PST Gold has suffered a tough slog lately, unable to advance despite central banks aggressively inflating their money supplies all over the world. Seeing gold stuck in the mire despite very bullish fundamentals has certainly exacted a psychological toll on traders. They are irritated and discouraged after watching the yellow metal inexplicably languish for months. But technically gold still remains in a young upleg. The mortal enemy of successful speculation and investment is emotion. Greed seduces traders into buying high, while fear frightens them into selling low. This of course is the exact opposite of the buying low and selling high necessary to multiply your wealth in the markets. After decades of trading, I believe the greatest antidote to succumbing to popular greed and fear is perspective. Context is everything. |
Invisible River of Gold Is Wave of Wireless Future – YouTube Posted: 15 Feb 2013 05:09 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]] |
Posted: 15 Feb 2013 05:04 PM PST Fascism is a totalitarian system of government that bases its economy on a later, more mature stage of capitalism, it's a marriage of government authority and military/police power managed by corporate influence. "The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it comes stronger than their democratic state itself. That, in its essence, is fascism - ownership of government by an individual, by a group." Franklin D. Roosevelt |
Posted: 15 Feb 2013 04:47 PM PST It isn't much of a secret that gold mining shares have suffered greatly in the past 18 months. In fact, since the summer of 2011 the Market Vectors Gold Miners ETF (GDX) has plummeted nearly 40%. That has caused many precious metal investors to give up hope on mining shares altogether; and to also now anticipate a tremendous plunge in gold prices. Nevertheless, I believe gold and gold mining shares offer investors a great value at this juncture and let me explain why. |
Long-term Trading Cycles in the Gold Market and Their Implications for Future Price Moves Posted: 15 Feb 2013 04:30 PM PST This week price moves in the gold market could certainly give investors the creeps. The yellow metal opened at around $1,668 on Monday, closed $1,634 on Thursday and is currently (at the moment of writing these words) at $1,606. Read More... |
Guest Post: Five Tools To Protect Your Privacy Online Posted: 15 Feb 2013 04:23 PM PST Submitted by Simon Black of Sovereign Man blog, We’ve discussed many times before - hardly a month goes by without some major action against Internet users... from Obama’s ‘kill switch’, to ACTA, SOPA and PIPA, to stasi tactics against people like Kim Dotcom. Online privacy is becoming more important by the day. And nobody is going to give it to you, you have to take steps yourself to secure it. Below are five different tools and services that will get you started: 1. Tor BrowserTor is a great weapon in the fight for online anonymity as it allows you to surf the web without giving up your location and other personal data to the websites you visit. The Tor Browser Bundle is the easiest and most secure way to get started; simply download it, and start surfing the web with the Tor Browser. It’s available for Windows, Mac, and Linux. Learn more about and download the Tor Browser Bundle here 2. Duck Duck GoIf you want privacy, don’t search with Google. Google store all of your searches to customize ads for you, but even worse, they can hand over the whole list of searches to any government agency that are curious about what you’ve been looking at for the last couple years. A better alternative is Duck Duck Go, a completely anonymous search engine that does not store any information about you or your searches. The search results are essentially identical to Google’s, so there’s no loss of quality. 3. HTTPS EverywhereHTTPS Everywhere is a plug-in for Firefox and Google Chrome that tries to force a website to connect in secure mode, thus encrypting your traffic with the website you are visiting. This makes your browsing more secure because it prevents eavesdropping thieves or state-mafia from intercepting your unencrypted Internet traffic. Download HTTPS Everywhere here 4. CryptocatCryptocat is an encrypted chat that beats Facebook and Skype when it comes to security and privacy. If you want to chat in private then this is one simple solution. It’s also open source, which means you can see the full code and be sure there are no government “backdoors” built in. Read more about and download Cryptocat here 5. Silent CircleSilent Circle is a new player on the market, but it is founded by “old” players in the security and encryption industry. One of the founders, Phil Zimmerman, is also the creator of PGP, one of the most-used encryption platforms in the world. Silent Circle is a suite of products offering:
Silent Circle is the only service on this list that is not free. But having the gold standard of encryption may be worth it for you. It is for me. Read more about Silent Circle here Bottom LineYou can set up most of the tools we discussed in 5 minutes. Each of them will go a long way in securing your privacy online. |
Gold Leaps Into Backwardation! Posted: 15 Feb 2013 03:58 PM PST Since late January, the February gold contract has been in backwardation. This means that one could make a profit by simultaneously selling a gold bar and buying a February contract. One would still have one's gold plus a little extra. Read More... |
Why The Latest Report On Gold Demand Trends Matters Posted: 15 Feb 2013 03:44 PM PST By Tom Iacono There are a plethora of accounts about its contents with headlines ranging from "Gold Demand Falls In 2012 For First Time In Three Years" to "2012 Gold Demand Hits Record Value Level" and also "Central Banks Bought Most Gold in Nearly 50 Years" and "India's Gold Demand Dips By 12% in 2012″. As I've been saying for years, rather than reading the stories that others write about this report, it's best to just go read the report itself, as it's jam-packed with information about who's buying gold and how much. That's what I just did, and I came away with these two important takeaways: 1. Central bank buying continues to be a major source of support for this market, and it's currently understated due to China's central bank accumulating more gold but not reporting it. Central Bank Buying Central bank buying rose 29 percent in the fourth quarter from the same period a year earlier and, for all of 2012, official sector net purchases totaled 535 tonnes, the highest since 1964. The dramatic change in central bank gold buying can be seen in the lead graphic from the WGC report below and, during a time of waning investor interest (at least in the West), official sector purchases have provided a key support for the gold price. [source] |
Posted: 15 Feb 2013 03:23 PM PST
Gold for February delivery, the front-month contract, fell $25.90, or 1.6%, to settle at $1,608.80 a troy ounce on the Comex division of the New York Mercantile Exchange, its lowest settlement price since August. The precious metal is down 3.9% this year and off 10% from a 52-week high hit in October, considered correction territory. Gold prices slumped to an intraday low of $1,596.70 after filings showed billionaire investor George Soros pulled about $100 million out of his gold holdings, cutting them in half. …"After having a decade-plus bull market, you're going to have some pain along the way," said Adam Klopfenstein, senior market strategist with Archer Financial Services. "If you're going to be involved in gold long term, you can't always expect it to go up, up, up," he said. [source] |
Posted: 15 Feb 2013 02:40 PM PST
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Posted: 15 Feb 2013 02:29 PM PST Gold has suffered a tough slog lately, unable to advance despite central banks aggressively inflating their money supplies all over the world. Seeing gold stuck in the mire despite very bullish fundamentals has certainly exacted a ... Read More... |
Gold Daily and Silver Weekly Charts - Hedge Funds and Specs Selling Posted: 15 Feb 2013 02:25 PM PST This posting includes an audio/video/photo media file: Download Now |
Urgent! Hedge Funds Preparing For Market Sell-Off. By Gregory Mannarino – YouTube Posted: 15 Feb 2013 02:21 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]] |
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 4% and 5% on the Week Posted: 15 Feb 2013 02:15 PM PST Gold fell all of the way to $1598.59 by late morning in New York before it bounced back higher midday, but it still ended with a loss of 1.63%. Silver slid to as low as $29.681 and ended with a loss of 2.13%. |
Be careful where you store your gold & silver. Big Brother is watching! Posted: 15 Feb 2013 02:12 PM PST DARPA's 1.8 gigapixel ARGUS-IS – the world's highest resolution video surveillance platform, when mounted on an unmanned aerial vehicle (UAV) makes Orwellian 1984 look like child's play. Tagged: Gold, Privacy, Silver, Technology This posting includes an audio/video/photo media file: Download Now |
Fitzpatrick & Greyerz - Fantastic Gold Chart & Commentary Posted: 15 Feb 2013 02:09 PM PST Today King World News is pleased to present an extraordinary piece with both Tom Fitzpatrick and Egon von Greyerz. Greyerz, founder of Matterhorn Asset Management, discussed global markets and gold, while top Citi analyst Ftizpatrick has just recommended clients get long gold, and he provided a tremendous chart. But first, here is what Greyerz had to say: "Eric, I see bubbles, I see bubbles everywhere in stocks, bonds, credit markets, derivatives markets, government debt, central bank debt. We have bubbles in Europe, the US, and Japan." This posting includes an audio/video/photo media file: Download Now |
It's Imperative to Protect Your Security/Privacy Online – Here Are 5 Ways To Do So Posted: 15 Feb 2013 01:49 PM PST "Follow the munKNEE" via twitter & Facebook or Register to receive our daily Intelligence Report Online privacy is becoming more important…Below are five different tools and services that…you can set up…in 5 minutes. Each of them will go a long way in securing your privacy online. Words: 460 So writes Simon Black (www.SovereignMan.com) in an article* posted on his site entitled Five tools to protect your privacy online.
Black goes on to say – and I quote: 1. Tor BrowserTor is a great weapon in the fight for online anonymity as it allows you to surf the web without giving up your location and other personal data to the websites you visit. The Tor Browser Bundle is the easiest and most secure way to get started; simply download it, and start surfing the web with the Tor Browser. It's available for Windows, Mac, and Linux. Learn more about and download the Tor Browser Bundle here 2. Duck Duck GoIf you want privacy, don't search with Google. Google store all of your searches to customize ads for you, but even worse, they can hand over the whole list of searches to any government agency that are curious about what you've been looking at for the last couple years. A better alternative is Duck Duck Go, a completely anonymous search engine that does not store any information about you or your searches. The search results are essentially identical to Google's, so there's no loss of quality. 3. HTTPS EverywhereHTTPS Everywhere is a plug-in for Firefox and Google Chrome that tries to force a website to connect in secure mode, thus encrypting your traffic with the website you are visiting. This makes your browsing more secure because it prevents eavesdropping thieves or state-mafia from intercepting your unencrypted Internet traffic. Download HTTPS Everywhere here 4. CryptocatCryptocat is an encrypted chat that beats Facebook and Skype when it comes to security and privacy. If you want to chat in private then this is one simple solution. It's also open source, which means you can see the full code and be sure there are no government "backdoors" built in. Read more about and download Cryptocat here 5. Silent CircleSilent Circle is a new player on the market, but it is founded by "old" players in the security and encryption industry. One of the founders, Phil Zimmerman, is also the creator of PGP, one of the most-used encryption platforms in the world. Silent Circle is a suite of products offering:
Silent Circle is the only service on this list that is not free. But having the gold standard of encryption may be worth it for you. It is for me. Read more about Silent Circle here Bottom LineYou can set up most of the tools we discussed in 5 minutes. Each of them will go a long way in securing your privacy online. If you have a recommended tool or service that should be on the list please leave a comment and share it below.
* http://www.sovereignman.com/personal-privacy/five-privacy-tools-10859/
Related Articles: 1. Your Password Isn't Enough to Keep Your Info Secure on the Internet – So What's a Person to Do? With password leaks and dumps becoming common occurrences our lives are simply becoming too easy to crack. That string of characters you use as a password can't protect you any more. What's being done about improving the situation? What's being done about making our lives more secure? This infographic attempts to answer those questions and more. 2. Financial Security: How Unique is Your PIN? How Easily Can It Be Guessed? Although a four-digit PIN may seem like a little detail in the scheme of things, it can play a major role in your financial security. Why do we use PINs? How unique is yours? Could it be easily guessed? Find out in this infographic. 3. Google Yourself and You May Be Amazed – Or Even Dismayed – At What People Know About YOU! To answer the question "How much can people learn about me by simply Googling me?" just Google yourself, or as some people say, complete your own "vanity search". You may be amazed – and perhaps even dismayed – at what is out there about you! Why should you care? Because friends, relatives, employers, recruiters, hiring managers, and even strangers may be searching for information about you on the web so shouldn't you better control what people can learn about you online? 4. Social Media Sites are Tracking You! Here's How to Better Manage Your Online/Phone Apps As our lives become increasingly digital it is easy to share more and more information online and with our phones. Some of these sites and apps that you use, however, may not be as trustworthy as you think. This extremely informative infographic shows quite clearly what is going on and what you can do to stop apps from either tracking you altogether or to the extent that they currently are. 5. How Smart Are You At Keeping Your Smartphone Safe from Identity Fraud? Studies have shown that identity fraud has risen 13% since 2010 which can be attributed, in part, to the growing popularity of 'smart' cell phones. This infographic illustrates just what our phones reveal about us and offers precautionary tips to keep your phone safe from prying eyes and what to do if your phone is lost, stolen or misplaced. 6. Internet Censorship: Which of Your Favorite Sites Are Being Blocked in China? Check it Out Here Many internet sites are censored (i.e. access is blocked) in mainland China and I have often wondered if munKNEE.com was one of them let alone all those other much more provocative sites out there. If you are curious as to whether or not any of the sites you visit are, in fact, censored in mainland China then check out the following site where you can find out immediately. Words: 1382 7. Stuxnet: A Computer Virus – a Weapon – That Might Result In Economic Devastation! Here's Why The content and animation in this video will absolutely blow you away. Not literally at this point in time but should this computer virus, originally designed as a weapon against Iran's nuclear facilities, be sufficiently redesigned (it is readily available on the internet) by a warped genius and used by mad terrorists it could become a reality! 8. Addicted to Digital Multi-tasking? It Can Have Serious Consequences Take a look at how many tabs and programs you have open on your computer. Odds are you multi-tasking. As technology becomes more and more a part of our lives, most Americans are learning to do several things at once but, unfortunately, all our multi-tasking can be anything but – and it can have some serious consequences. [Let's take a look at the infographic below for a better understanding of the place of online technology in our lives today.] |
Gold and Silver Disaggregated COT Report (DCOT) for February 15 Posted: 15 Feb 2013 01:43 PM PST SOUTHEAST TEXAS -- This week's Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday. Our recap of the changes in weekly positioning by the disaggregated trader classes, as compiled by the CFTC, is just below. In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In the Change column, a negative number indicates either an increase to an existing net short position or a reduction of a net long position. A black figure in the Change column indicates an increase to an existing long position or a reduction of an existing net short position. The way to think of it is that black figures in the Change column are traders getting "longer" and red figures are traders getting less long or shorter. All of the trader's positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report. |
Starting To Feel Like A Bottom Posted: 15 Feb 2013 01:41 PM PST I can go to sleep at night and know one thing–the Fed will not allow deflation. The reason is simple, according to Harris...Debt based societies cannot absorb a deflationary spiral. - Yra Harris, legendary and longtime commodities trader.It's been a rough period of time since the beginning of October for precious metals and mining stock investors. In fact, its been a rough 22 months, dating back to the end of April 2011, when Sunday night paper ambush on silver started the current price correction cycle in the precious metals sector. I have to say, while this current bull market correction has been the longest so far since 2001, it hasn't been even close to the worst. In 2008, the HUI index dropped 70% in the space of 6 months. Ironically, if you had the courage to buy that drop, you are still sitting on a 250% gain. The first correction I lived through back in 2002 took the HUI from 148 down to 95 - 36% - in the space of a little more than a month. The next one started in December 2003, lasted 18 months, and took the HUI down 34%. For the current HUI correction (which started after silver peaked) dating to August 2011, the index is currently down 40%. Please note and to reiterate, if you had bought (or added to positions) near the bottom in 2008, you are up 250% on that capital. For comparison purposes, the SPX index is up 227% since its bottom in early 2009. I think the fact that the HUI has outperformed the SPX since both indices' respective bottoms, which heralded the banking system collapse and the subsequent transfer of trillions of dollar of public wealth into the banking system to bail it out. Before you lose your gold, silver and mining stock positions, you need to ask yourself this question: Has anything gotten better? Be honest. Obviously, if look at the Treasury's balance sheet and the Fed's balance sheet, the fundamentals have deteriorated significantly since late 2008. How about the Government's income statement? That's gotten worse too. Housing market? If you believe the b.s. being thrown at you by Obama and the complicit media, you should read, or re-read this: LINK After you're done with that, read this: LINK And then read this: LINK The latter article is Obama's promise to transfer more money from the general public to the homebuilding companies and mortgage banks and to home buyers who otherwise can't afford a home. The bottom line is that the fundamentals underpinning our economic and political system continue to deteriorate, masked only by trillions in funny money coming from the Fed and from complete Orwellian diarrhea of the mouth coming from Obama and both sides of the aisle in Congress (note: both Dems and Republicans). It's those very fundamentals that vary inversely with same fundamentals driving the price of gold and silver. Here's the only difference between now and 12 years ago when the bull market in the precious metals sector started? Back 2001, it was primarily the deteriorating fiscal and economic situation in the U.S. and Europe driving gold and silver; now, it's the deterioration of those same fundamentals globally that will lift the precious metals sector out of the current price correction and on to even higher price levels than the previous highs. One more important factor. Back in 2001, up until 2010, Central Banks globally were selling and leasing out their gold. Now, except for the U.S., British, and European Central Banks, the rest of the CB's globally are accumulating gold - some of them hand over fist. Have a great weekend. |
Posted: 15 Feb 2013 01:35 PM PST By Catherine Austin Fitts The other day, I imagined members of the Knights of Malta and Opus Dei (the money guys) gathering in a quiet sanctuary to discuss the current financial meltdown in the Catholic Church and the perfect Pope to help evolve their business model and lead them into a new and wealth building [...] |
COT Gold, Silver and US Dollar Index Report - February 15, 2013 Posted: 15 Feb 2013 01:32 PM PST COT Gold, Silver and US Dollar Index Report - February 15, 2013 |
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