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- Suspect detained in Greek gold mine attack
- Gold: Short term appearance versus long term reality
- India drives global gold demand in Q4 2012
- Britain's Royal Mint makes 1st gold sovereigns in India in century
- What Will ‘Debt Jubilee’ Look Like?
- The Case Of The Missing Gold Demand
- Eric Sprott with Greg Hunter: Price of Gold and Silver are Being Suppressed & No Gold in the Treasury. Financial System, At Some Point, It Blows
- Gold: It`s Overdue For A Nice Correction
- Three resource legends just gave a "must-see" presentation
- Iran opts for nuke plant to Gold trade
- Bottom Confirmed? CNBC Calls for 20 Year Bear Market in Gold
- Indian Gold demand subdude as jewellers postpone purchases
- Sterling Gold Consolidating
- Annual demand for Gold rises despite rising prices: WGC
- Can The Dow Double In The Next Few Years?
- Eric Sprott: At Some Point it Blows!!
- 200 Million Ounces of Paper Silver Traded in 1 Minute Friday During Cartel Silver Raid!
- Gold Fails to Hold Asian Gains, Next Large-Scale Devaluation "Could Be the Pound"
- Silver Bull Market 10 Year Review
- Shanghai Gold Exchange Volume Soars To Record As India Gold Imports Surge To 18 Month High
- Gold price edges higher as Indian imports in January surge 23% and some 40% higher than the monthly average
- SGE Gold contract volumes hit new record
- How ZH's Discovery of JPM's Top-Secret London Gold Vault Could End JPM's Alleged Gold Manipulation
- The Cartel's Blitzkrieg Metals Attack
- British PM to release first 'made in India' English guinea coin
- Shanghai Gold Exchange Volume Soars to Record As Asia Stacks the Smack
- India's MMTC to trim Gold buying by 40 tons
- China consumes 832.18 tons of Gold last year
- China And India Demand Returns - SGE Volume Jumps to Record
- Ishinomaki still wonders about 'goodwill gold rush'
- Royal Mint strikes first coin in India for nearly 100 years
- China And India Demand Returns – SGE Volume Jumps to Record
- G20 on currency wars: ‘nothing to see here folks’
- RAM unveils Kangaroo road sign Gold, Silver coin
- Gold price weakness could be signalling a downturn coming in stocks says Forex.com
- Gold recovers above $1612 in Asian trade
- In total, the gold bars received so far are thought to be worth around $250,000
- David Baker's Three Must-Haves for the New Generation of Gold Companies: Accountability, Accountability and Accountability
| Suspect detained in Greek gold mine attack Posted: 18 Feb 2013 03:31 PM PST A group of about 40 masked attackers burned cars and machinery at the Skouries mine on Feb 17, the police said in a text message sent to reporters today. |
| Gold: Short term appearance versus long term reality Posted: 18 Feb 2013 12:44 PM PST There seems to be a growing disjuncture between the short term view of gold and the long term potential of the metal. |
| India drives global gold demand in Q4 2012 Posted: 18 Feb 2013 11:39 AM PST Though Indian buyers cut back on buying gold because of new import duties, higher local gold prices and market turmoil over government plans to curb imports, the country drove global demand in Q4 2012. |
| Britain's Royal Mint makes 1st gold sovereigns in India in century Posted: 18 Feb 2013 11:21 AM PST The Royal Mint has started to manufacture gold sovereign coins in India for the first time in almost 100 years. |
| What Will ‘Debt Jubilee’ Look Like? Posted: 18 Feb 2013 11:20 AM PST The economies of the West (with few exceptions) are all hopelessly insolvent. Globally, debt-levels have reached such an extreme, bloated magnitude that outside of the banksters' derivatives casino this is our new "biggest bubble." For reasons which will be made clear shortly; many readers are unaware of the severity of this global debt-crisis. Let's review the facts. Virtually all Western nations are sitting with their highest debt-loads in history, meaning their debt-to-GDP levels are their highest ever – and most are well past the level which constitutes an official "debt crisis." Worse still, all of these debtors have debts which are increasing at a much, much faster rate than economic growth (and this gap continues to increase). In other words, those nations which are already insolvent have no rational hope of ever becoming solvent again; while those nations which are merely "nearly insolvent" have no rational hope of avoiding insolvency. Yet we have this collection of debtors assuring us again and again and again that they are "bailing out" each other. How is this possible? It's not. As an elementary premise of arithmetic/logic; it is impossible for one debtor to ever "bail out" another – directly. In fact there are only two ways in which one debtor may attempt/claim/pretend to be "bailing out" another debtor: a) Borrowing more money one's self, and then giving (i.e. gifting) it to the other debtor b) 'Kiting' a cheque, and then giving that (illusory) "money" to the debtor However, our governments have never claimed/admitted doing either one of those things. Here is what our governments are telling us. They claim to have "bailed out" these insolvent debtors (starting with Greece) by lending them more money. Again, as an elementary premise of arithmetic/logic it is impossible to "bail out" an insolvent debtor by lending that debtor more money. Not only does it make the insolvent debtor even more insolvent; it instantly turns that debt-market into an open Ponzi-scheme. Only ever-increasing quantities of new loans can delay implosion, and the longer the Ponzi-scheme is perpetuated the more damaging/devastating the ultimate collapse must become. The original rebuttal of our governments (and bankers and the media) to such obvious criticism was simple: none of these debtors "would ever default"; such as when Greece's banker – EU "monetary chief" Olli Rehn – told reporters over and over (in 2010) that there was "no possibility" of a Greek default. Obviously these "leaders" were forced to stop making this inane assertion after Greece defaulted on its massive debt. |
| The Case Of The Missing Gold Demand Posted: 18 Feb 2013 11:04 AM PST By I have written a lot about how drop in Indian demand has been the main culprit behind lower gold demand and prices in 2012. Indian demand fell from ~1,000 tonnes in 2011 to ~850 tonnes in 2012. Chinese demand went up, but still was not enough to overcome the drop in Indian demand. All in all, prices for the yellow metal suffered. It seems like I was barking up the wrong tree, so to say, all this time. First, the bad news. The World Gold Council believes that in terms of demand, 2013 will be similar to that of 2012. I do not need to reiterate what this means for price of gold (GLD). It will flatline, just as I had anticipated several months back and wrote about it multiple times on Seeking Alpha. Anyway, back to demand. Reports Reuters:
Complete Story » |
| Posted: 18 Feb 2013 10:31 AM PST by Greg Hunter Eric Sprott manages $10 billion, and he's worried about the global financial system.He says, "There is this huge chaos going on in the financial business which I think we all sense. They are using desperate measures here to hold it together. . . . at some point it blows. There's no doubt about it." Sprott says the price of gold and silver are being suppressed because, "It's the canary in the coal mine."Rising prices in precious metals, according to Sprott, would tell people, "Central bank policies are ridiculous and irresponsible, and people would realize that with the price of gold and silver going up." When it comes to silver, Sprott says, "People keep buying at a rate to 50 to 1 to gold." As far as gold is concerned, Sprott contends, "Physical demand for gold is out of line with supply. How can all these new people come into this market when there has been no increase in supply . . . for the last 12 years?"Sprott's analysis shows central banks are selling to make up for the shortfall and opines, "I would hate to think what happens when we all find out there is no gold in the Treasury." Join Greg Hunter as he goes One-on-One with Eric Sprott of Sprott Asset Management. |
| Gold: It`s Overdue For A Nice Correction Posted: 18 Feb 2013 10:30 AM PST The latest from Jim Rogers, author of A Gift to My Children: A Father's Lessons for Life and Investing andHot Commodities: How Anyone Can Invest Profitably in the World's Best Market. "Now, I don't know of any asset that has been up 12 years in a row without a down year, so that is worrisome. It's overdue for a nice correction, so maybe we'll get it." - in Money News Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC. |
| Three resource legends just gave a "must-see" presentation Posted: 18 Feb 2013 10:28 AM PST From Zero Hedge: In this candid discussion, precious metals experts Eric Sprott, John Embry, and Rick Rule discuss a wide range of topics related to precious metals investing, including macroeconomic issues, expanding central bank balance sheets, and the role of precious metals in protecting your purchasing power. A detailed analysis of the gold, silver, and platinum/palladium markets, and a Q&A session round out this great discussion. More on the resource sector: |
| Iran opts for nuke plant to Gold trade Posted: 18 Feb 2013 10:07 AM PST Western officials said last week the offer to ease sanctions barring gold and other precious metals trade with Iran would be presented at talks between Iran and world powers in Almaty, Kazakhstan, on Feb. 26. |
| Bottom Confirmed? CNBC Calls for 20 Year Bear Market in Gold Posted: 18 Feb 2013 10:00 AM PST Guest Post By Bill H. According to the MSM, the current correction in the metals must be the 20th "Bear market" for Gold and Silver in the last 10 years. Do you remember the last campaign? I think they called it "the death of Gold" In the midst of Friday's raid's sending gold under $1600 [...] |
| Indian Gold demand subdude as jewellers postpone purchases Posted: 18 Feb 2013 09:54 AM PST After a 50 percent import duty increase to 6 percent on January 21, the Reserve Bank of India recommended putting curbs on imports, along with launching gold-linked products to limit shipments. |
| Posted: 18 Feb 2013 09:02 AM PST Sterling Gold, or Gold priced in terms of the British Pound, displays a chart pattern not unlike that which we have recently seen in US Dollar priced gold, prior to last Friday's sharp downside break. It is in a consolidation pattern dating back to the summer of last year. Dips below the 1,000 Pound mark have been met with solid buying but the metal has not been able to overcome downtrending resistance. Note that the pattern is forming that same wedge pattern that we saw in US Dollar priced gold.  Note the Gold price in terms of the Swiss Franc, or Swissie Gold. The pattern also reveals a market in consolidation; however, it is now moving down towards the bottom of the channel that has confined price since last summer. Price near and below 1450 Franc has attracted buying consistently, so far.  See also this Euro Gold chart which displays a consolidation pattern much like the Swissie Gold chart above. Gold is probling the lower boundary of the channel noted and is moving towards the 1200 Euro region. Since last summer, buyers have surfaced in this area.  The reason I am noting these three charts above is because unlike the US Dollar priced gold chart, they have not yet broken down technically but remain in their consolidation patterns, although it is evident that they are currently weak. The big question which many of us are asking is whether or not enough valued based buyers will surface in these countries/regions to stem any downside potential and put in place a floor of support. This is simply unclear at this point in time. The European finance ministers are hoping that hedge funds will continue to move money into European equities as well as European area bonds. If they can herd them into these sectors, money flows into gold might be dented sufficiently to breach the downside support levels indicated on the charts. On the other hand, enough players might just be suspect enough of economic/finacial conditions in the Euro zone and in Britain to want to hedge their bets with the yellow metal. Again, it is unclear. If the gold bulls in terms of the Pound, Swiss FRanc and Euro are ever going to need to perform, it is right here and right now. I would breathe a sigh of relief if they can push the Euro gold price back above 1270-1280. I should also note here that while both the Yen and the British Pound have fallen rather sharply against the US Dollar, the Sterling gold chart is no where near as bullish as the Yen Gold chart. Yen Gold is evidencing a pause up at current levels whereas Sterling Gold is approaching the bottom of its range trade.  With gold currently experiencing weakness in US Dollar terms and having violated a strong downside support level, it behooves us to monitor its price closely in terms of some of these other major currencies to see whether this is merely a Dollar priced phenomenon or something a bit more widespread. If it is the former, the move lower in the price should find a footing sooner rather than later. If it is the latter, odds favor more downside in the US Dollar price of gold. Generally speaking, when the gold price is moving in sync against the majors, it is usually trending. When there is a divergence in its price action among the various majors, it normally tends to favor consolidation. Again, this is a general rule, not one carved in stone. Time will of course make it clear to all of us. One last thing - seeing that not much came out of this past weekend's G20 summit over in Moscow, we will have to look to the Eurozone to see what level the Euro must trade at in order to get all of them complaining at the same time. Right now it seems that any complaints about the Euro strength are confined to the Southern tier. Germany seems okay with it. If the Germans begin to make any noises then we will need to see how the Euro begins to react. |
| Annual demand for Gold rises despite rising prices: WGC Posted: 18 Feb 2013 09:00 AM PST Today, like most commodities, the price of gold is driven by supply and demand as well as speculation. However unlike most other commodities, saving and disposal plays a larger role in affecting its price than its consumption. |
| Can The Dow Double In The Next Few Years? Posted: 18 Feb 2013 08:45 AM PST My family is visiting for a week. Because of the President's Day holiday today, I will most likely have an abbreviated column tomorrow. A friend of mine pointed out that both Edelson and Sjuggerud expect a double in the Dow, but for opposite reasons. Edelson says it will happen due to dollar devaluation (Sinclair would agree) and the resulting inflation. Sjuggerud says it is because stocks rise when interest rates are low. I tend to agree, in this case, with Edelson. I had an interesting conversation with a friend today. His business is high-end assisted living. These are not nursing homes; they are up scale units in upscale locations. They literally can't build enough new units to meet the demand. At the same time, here in South Florida, the cost of real estate is going up so fast that property new listings sell in a few days, at prices well above what my friend feels they should go for. He bases that statement on what the ROI (return on investment) would be, relative to the higher cost of the property. He also told me that they just completed a sale of many of their assisted living (and very profitable) properties because they are afraid of the increased costs associated with Obamacare. They got top dollar now, but in the future, their profitability will be greatly compromised with the new law. Their basic costs would rise by many millions, and they come directly off of the bottom line and substantially reduce the value of their properties. Everything has its cost and when it comes to expanding the National health care, someone has to pay for it. This is an example. There will be jobs lost, a lot of them, to defer the new health care costs. Since 2008, the Fed has been flooding the too-big-to-fail banks with newly created money (as they replaced the bank's worthless mortgage bonds with cash). The money eventually has to find a home – it has to earn a return. We are seeing the early stages of inflation, as it is starting to work its way into the economy, and it is flowing toward the wealthy portion of the economy. The wealthy can afford to pay more for their investments and their real estate. The truth is all of this money is not disseminated equally. Most of it is flowing to the top. But it is finally making its way into the economy. That's what Fed induced bubbles are all about. The new money flows to "hot spots" in the economy and it tends to distort the sector (think of the stock market in the 90s and the real estate market in the 2000s). It's starting to move back into high-end property and stocks once again. Prosperity? No. Just more reflation of "bubbles." Unless this ends with a Hyperinflationary Great Depression, which is what John Williams suggests, then prices of everything will rise as the dollar loses value and the stock market will RISE, just as Larry Edelson predicts. Interest rates have been very low for quite a while now and the Dow is still sitting around 14,000. It will take more than low interest rates for the Dow to double. But if the dollar loses up to half its value, which is what Sinclair says will happen, and the Dow doubles, in reality, it will not have gone up at all. $3200 gold will not buy you twice as much "stuff" as $1600 gold will today, but the higher priced gold will at least keep you ahead of the devaluation of the currency. If the Dow does double, so will gold (at least) and the dollar will lose a great deal of its (USDX) value. But what if the falling dollar and rising prices causes a sharp drop in the economy? It could well happen. Then all bets are off as far as the stock market making a major move up. And what if the inflation causes interest rates to rise? It usually does. That will put the dampers on any stock market growth, and it will smash the real estate market and it will devastate the bond market. The only way interest rates will stay low (near zero) is if the Fed keeps on pumping out new money via QE (Sinclair's QE-To-Infinity). If they do, then the dollar will lose value and the inflation and currency debasement is inevitable. If they don't the economy will tank and it will take the stock market along with it. Here is the latest from Jim Sinclair, and I would like you to read it and pay heed to it. Andy Hoffman disagrees with Sinclair's comments on gold mining shares, but he states that "eventually" the shares are capable of this kind of performance, just not yet. It's too early. The hedge funds have them in lock-down mode. But the fact is, for the shares to perform, the PHYSICAL market must first lead the way – $3500 and up!! The Greatest Business Opportunity Of The Millennium – Jim Sinclair Similar Posts: |
| Eric Sprott: At Some Point it Blows!! Posted: 18 Feb 2013 08:30 AM PST Eric Sprott manages $10 billion, and he's worried about the global financial system. He says, "There is this huge chaos going on in the financial business which I think we all sense. They are using desperate measures here to hold it together. . . . at some point it blows. There's no doubt about it." [...] |
| 200 Million Ounces of Paper Silver Traded in 1 Minute Friday During Cartel Silver Raid! Posted: 18 Feb 2013 08:29 AM PST Over a 5 minute period from 10:32-10:37 AM Friday, a massive volume spike (approximately 40,000 contracts) coincided with silver's waterfall to $29.75- a fairly common occurrence during major cartel silver raids. Astonishingly however, 2 minutes after silver marked it's low … Continue reading |
| Gold Fails to Hold Asian Gains, Next Large-Scale Devaluation "Could Be the Pound" Posted: 18 Feb 2013 08:21 AM PST Bullion Vault |
| Silver Bull Market 10 Year Review Posted: 18 Feb 2013 08:18 AM PST by Jason Hommel
Silver to Gold Ratio Today: 54:1 Conclusion: You can make 5 to 10 times more money if you buy physical silver, rather than gold, as silver's gains outpace the returns of gold in the future. Why will Silver's gains continue to outpace gold? 1. Silver has been consumed by the electronics industry ever since WWII, consuming on average 7 tenths of an ounce of silver per person, in the industrialized world for the past 68 years. |
| Shanghai Gold Exchange Volume Soars To Record As India Gold Imports Surge To 18 Month High Posted: 18 Feb 2013 08:17 AM PST
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| Posted: 18 Feb 2013 07:57 AM PST Last week we published some global gold demand numbers courtesy of the World Gold Council. We noted this about Indian gold demand: Whilst full year Indian gold demand was down there was a stunning... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
| SGE Gold contract volumes hit new record Posted: 18 Feb 2013 07:45 AM PST Gold volumes for the benchmark cash contract on the SGE climbed to a new record as lower prices lured buyers. |
| How ZH's Discovery of JPM's Top-Secret London Gold Vault Could End JPM's Alleged Gold Manipulation Posted: 18 Feb 2013 07:25 AM PST Yesterday we reported that ZeroHedge via excellent investigative journalism had discovered the top-secret location of JP Morgan's London gold vault- namely 60 Victoria Embankment. Numerous SD readers have inquired as to the significance of the story, and why the discovery of the specific location of JP Morgan's gold vault should matter to precious metals investors [...] |
| The Cartel's Blitzkrieg Metals Attack Posted: 18 Feb 2013 07:02 AM PST Andy Hoffman recorded his latest podcast with the SGT Report on Friday afternoon amidst the big Cartel smash: THE CARTEL'S BLITZKRIEG METALS ATTACK: Andy Hoffman, Part 1
Own PHYSICAL, You WIN – Own Paper, You Will Lose: Andy Hoffman, Part 2 Similar Posts: |
| British PM to release first 'made in India' English guinea coin Posted: 18 Feb 2013 06:50 AM PST The new Royal Mint 2013 sovereigns will feature the made-in-India mark and will be distributed across India through bullion traders said persons close to the development. |
| Shanghai Gold Exchange Volume Soars to Record As Asia Stacks the Smack Posted: 18 Feb 2013 06:02 AM PST Gold volumes for the benchmark cash contract on the Shanghai Gold Exchange soared to a record today, as the market re-opened after the New Year's week long holiday and bargain hunters started buying. The volume for bullion of 99.99% purity exceeded 22,000 kilograms (22 metric tons), according to data compiled by Bloomberg. Prices fell 2.8% [...] |
| India's MMTC to trim Gold buying by 40 tons Posted: 18 Feb 2013 05:56 AM PST According to a top official of MMTC, it's gold imports in the fiscal year ending March 31, 2013 are likely to fall to 30-40 tonnes from 160 tonnes a year earlier. |
| China consumes 832.18 tons of Gold last year Posted: 18 Feb 2013 05:45 AM PST Demand for gold has grown steadily over the years as more Chinese see it as a hedge to diversify investment risks and battle against inflation. |
| China And India Demand Returns - SGE Volume Jumps to Record Posted: 18 Feb 2013 05:11 AM PST gold.ie |
| Ishinomaki still wonders about 'goodwill gold rush' Posted: 18 Feb 2013 04:55 AM PST Authorities in the city confirmed to receive anonymous gifts of gold worth more than $250,000 ahead of the second anniversary of the disaster. |
| Royal Mint strikes first coin in India for nearly 100 years Posted: 18 Feb 2013 04:35 AM PST The Royal Mint's gold Sovereign commemorative coins will be struck in India for the first time in nearly a century.  This posting includes an audio/video/photo media file: Download Now |
| China And India Demand Returns – SGE Volume Jumps to Record Posted: 18 Feb 2013 04:16 AM PST An anonymous source said on Friday that the P5+1 (Britain, China, France, Germany, Russia and the United States) plan to offer to ease sanctions barring trade in gold and other precious metals with Iran in exchange for Iran to close the … Continue reading |
| G20 on currency wars: ‘nothing to see here folks’ Posted: 18 Feb 2013 04:15 AM PST Gold fell to $1,600/oz on Friday, with Chinese buyers absent from the market owing to the Lunar New Year holiday and news that George Soros reduced his stake in the exchange-traded fund GLD pressuring ... |
| RAM unveils Kangaroo road sign Gold, Silver coin Posted: 18 Feb 2013 02:54 AM PST The reverse designs present an artist's impression of the kangaroo road sign, which is frequently seen on Australian roads and highways to warns drivers to watch out for kangaroos. |
| Gold price weakness could be signalling a downturn coming in stocks says Forex.com Posted: 18 Feb 2013 02:43 AM PST The gold price was hit hard last week with currency wars dominating the G20 meeting and FX markets under pressure from domestic fundamentals, reports Forex.com research director Kathleen Brooks. The Federal Reserve minutes this week are expected to put a limit on dollar strength. However the gold price downturn last week may be signalling a stock market top with shares hitting five-years highs that look precarious in view of the real economic outlook… |
| Gold recovers above $1612 in Asian trade Posted: 18 Feb 2013 02:40 AM PST Analysts attributed gold's recovery to active physical trade in China as bargain hunters resurfaced after the Lunar New Year holiday. |
| In total, the gold bars received so far are thought to be worth around $250,000 Posted: 18 Feb 2013 12:40 AM PST Gold bars given to tsunami victims from mystery benefactor |
| Posted: 18 Feb 2013 12:00 AM PST Mining companies have lost the trust of investors, says David Baker, managing partner at Baker Steel. Baker sees the gold market as at a watershed point and the miners must change to stay afloat. In... Visit the aureport.com for more information and for a free newsletter |
The silver to gold ratio is the number of ounces of silver equal in value to one ounce of gold.
While the recent move in gold lower, attributed primarily to the fickle rotations of assorted hedge funds who have gotten crushed on their AAPL holdings and thus forced to liquidate profitable positions mostly in ETFs and other paper gold representations (as demand for physical precious metals has never been greater), has seen many pundits scream (as they do every year) that the move higher in gold and precious metals is over, what everyone as usual forgets is that the big move up in gold in 2011 was not driven by Soros or Paulson or Einhorn buying (or selling) laughable amounts of the yellow metal but by relentless end consumer demand out of China and India, when inflation was surging. And with the entire world now openly reflating the one country that has the lowest buffer to hot external money – China – is about to see prices for all products go parabolic once more. It's just a matter of time. Of course, last week's Lunar New Year and closed exchanges bought some time for the bearish gold thesis, but that is now over, quite literally with a bang as demand out of both China and India explodes out of the gates, proving that the sensible money is merely waiting for every dip in the PM complex to buy.| You are subscribed to email updates from Gold World News Flash 2 To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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