Gold World News Flash

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• This Is Why The Price Of Gold & Silver Exploded Higher Today
• The Reality of Gold and the Nightmare of Paper
• Gold Likely Faces Resistance Near 1420
• India 'Pumped' On Intervention Speculation; Everyone Else 'Dumped'
• Gold Gained Back All Its Losses and Silver Rocketed Higher
• Coming Collapse To Usher In A Sinister “New World Order”
• Is This The End Of The Market's "Vietnam Moment"?
• Silver and Gold Prices Both Higher
• Silver and Gold Prices Both Higher
• This Is Why The Price Of Gold & Silver Exploded Higher Today
• How Do I Hate Thee?
• Claims Per Deliverable Ounce of Gold Rise To Over 54 As the August Delivery Period Ends
• Claims Per Deliverable Ounce of Gold Rise To Over 54 As the August Delivery Period Ends
• Is Gold's Bullish Turn Sustainable?
• Gold Rises Towards $1,400 After Russia Says Missiles Fired At Syria
• Gold Rises Towards $1,400 After Russia Says Missiles Fired At Syria
• Off To The Races
• Gold and Silver Off to the Races
• Claudio Grass: Monetary Collapse Likely Because Of Too Much Debt
• Gold Daily and Silver Weekly Charts - I'm Your Huckleberry
• Gold Daily and Silver Weekly Charts - I'm Your Huckleberry
• Recent Rally in Gold: Significant Improvement or Just a Bigger Pullback?
• Sinking bonds, rising rates are the killers for central banks, Embry says
• War and the Return of the Gold Bulls
• The Upward Momentum in Gold Prices Looks set to Continue
• He Grew His Fortune 10-Fold. Here’s What He’s Doing Now
• Has Gold Really Bottomed?
• Bloody Scenes from the Next Episode of Economic Crisis
• This Is Why The Price Of Gold & Silver Exploded Higher Today
• Has Gold Really Bottomed
• Kaye: Out of gold, Western central banks now will try to slow metal's renewed rise
• Turkey gold imports slump month-on-month in August
• Gold and silver: still in a bear market or in major recovery mode?
• Market needs certainty gold will hold at current price levels
• The New Gold Myth
• Incredibly Dramatic Developments Happening In Gold & Silver
• Jim Willie: Gold Will Rise to $5,000/ozt. and Beyond & Silver Will Rise Multiples Higher
• Noonan: Gold & Silver Could Move Sideways for Another 1-2 Years – Here’s Why
• Gold Price Jumps as Missile Test in Med' Keeps "Syria Risks High"
• Gold steadies ahead of U.S. data, monitors Syria crisis
• Gold steady at 1395.05 (+1.41). Silver 24.22 (+0.05). Dollar higher. Euro easier. Stocks called higher. US 10yr 2.82% (+4 bps).
• Gold, Crude Oil Look to US ISM Data for Direction Cues
• Gold Touches $1400 as "High Syria Risks" Meet "Price-Sensitive" Asian Demand
• Aim investors go for gold after Isa rule change
• Propaganda Artists and Fiat Money! All This Is Bullish for Gold
• Gold Investing's "Summer Lull" Ends with a Bang
• Gold Investing's "Summer Lull" Ends with a Bang

This Is Why The Price Of Gold & Silver Exploded Higher Today Posted: 04 Sep 2013 12:00 AM PDT from KingWorldNews: I still believe that gold and silver prices are grotesquely undervalued. I have been alleging gold and silver manipulation for the past 15 years, and I would dare say that the manipulation today is probably as aggressive as any time in that 15 year period. I suspect it (the powerful manipulation) is for good reason because if the gold and silver prices were to break away to the upside, it would reveal the problems that are present in the system. The gold and silver prices will break free at some point, but in the meantime there is a massive fight going on at the current levels — $1,400+ on gold, and $24+ on silver. John Embry continues @ KingWorldNews.com

The Reality of Gold and the Nightmare of Paper Posted: 03 Sep 2013 11:05 PM PDT Read the Latest News About: Gold    Silver    Economy    Central Banking Since Nixon "temporarily closed the gold window" in 1971 all... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!}

Gold Likely Faces Resistance Near 1420 Posted: 03 Sep 2013 10:30 PM PDT courtesy of DailyFX.com September 02, 2013 04:08 PM Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Automate trades with Mirror Trader -Gold reached channel resistance and pulled back last week. -The line that extends off of the 2011 high (all-time high) and February 2012 high (line in red) served as support. -The underside of the line that extends off of August lows and the 8/28 close are now estimated resistance at 1417/20. Trading Strategy: Flat LEVELS: 1318 1352 1373 | 1417 1424 1440 original source...

India 'Pumped' On Intervention Speculation; Everyone Else 'Dumped' Posted: 03 Sep 2013 09:46 PM PDT Equity markets across AsiaPac are once again a sea of crimson with India and Indonesia taking front of stage... but in divergent ways for a change. After slamming lower to new record lows (not surprising given the forwards weakness all day), speculation was rife that the RBI intervened in the Rupee and Indian stocks jumped exuberantly on the news (NIFTY +1.3%). But no such luck for Indonesia where the Jakarta Comp is -2%. Conversely (for now), Indonesia's Rupiah is relatively well bid (+1.28%) and the Rupee is still -0.6%. Elsewhere, the Philippines are being hit FX down and stocks -1.9% and even the larger equity markets of China, Australia, and Japan are red. US Treasuries are leaking higher in yield (10Y +2bps at 2.88%) and US equity futures are limping higher (now +1pt). Silver is pushing lower (-0.8%) while gold and Crude are only modestly lower.   The Rupee ttested up to another all-time low and then by magic started to rally...   The speculation of RBI intervention provided the BTFD courage for Indian equity traders... but no such luck for Indonesia...   Silver is suffering though...   Charts: Bloomberg

Gold Gained Back All Its Losses and Silver Rocketed Higher Posted: 03 Sep 2013 09:40 PM PDT by Andy Hoffman, MilesFranklin.com: Ah, Labor Day, in which the nation's Labor Force, takes the day off.  We're told the economy is "recovering"; but not why the ranks of unemployed are surging – let alone, the "underemployed" not included in this chart, such as the fast-food workers in 60 cities that went on strike this weekend, seeking a more than doubling of wages to offset the rising cost of living.  Not to mention, the fact that due to Obamacare, many restaurants are no longer offering full-time, benefit-paying positions.  For those not aware that America has 315 million citizens, the below graph represents 43% of the population; gibing perfectly with the fact that U.S. vehicle miles driven continue to plummet… In Europe, too, we are told the economy is "recovering" – per a recent "diffusion index" showing manufacturing employment slightly above 50 last month.  Of course, the employment component plunged across-the-board, and the continental unemployment rate remained at an ALL-TIME HIGH.  Read more @ MilesFranklin.com

Coming Collapse To Usher In A Sinister “New World Order” Posted: 03 Sep 2013 09:03 PM PDT Today one of the savviest and most well-connected hedge fund managers in the world warned King World News that the coming catastrophic collapse will usher in a sinister "New World Order." Outspoken Hong Kong hedge fund manager William Kaye also spoke with KWN about how all of this will impact investors, as well as key markets such as gold and silver. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in part II of his fascinating and powerful interview series. This posting includes an audio/video/photo media file: Download Now

Is This The End Of The Market's "Vietnam Moment"? Posted: 03 Sep 2013 06:47 PM PDT Submitted by Mark J. Grant, author of Out of the Box, "Caution: Cape does not enable user to fly."         -Warning label on Batman costume      As we head into the last quarter of 2013 the markets, it seems to me, are becoming very edgy. More than one institution has asked me about the validity of the numbers coming out of Europe and Asia. Data seems to be smoothed, averaged or, in some cases, just right out manipulated by the method of counting and not what is counted. One of the best examples of this is in the numbers for sovereign debt and then the debt to GDP ratios in Europe. Derivatives, contingent liabilities, sovereign guaranteed debts, such as for the banks in Spain, are not included on the balance sheet. Corporate guaranteed debt, such as for the rail system in Greece, are not included in their national debt. I have heard it stated that my methodology is one way to count the debt and the European one is another manner as if they were equivalent. This is just not the case.   In the first place the European method would have the CEO and the CFO of any American corporation in serious trouble if not in jail for Fraud. Contingent liabilities and guarantees must be included on American balance sheets. In the second place these contingencies, exemplified by Belgium's guarantees for Dexia, often come home to roost and must be paid. Then there are the derivatives, many of which are hidden from public view, such as in Italy when billions had to be paid to Wall Street when the bill came due.   Then there is the methodology at the ECB where all kinds of debt have been declared "risk free" and so is carried at one hundred cents on the Dollar. Some of the Spanish Real Estate securitizations that have been pledged at the ECB surely have some value but "face value," to me, is an unbelievable stretch of the imagination. The game has been "extend and pretend" and it goes on and continues on but there will be some time when the loss of money has to be accounted for and then we will have to view the world in a different manner.   In Asia the numbers are anyone's guess. In Europe some glimmers may be found tucked away in some EU report or in the data supplied by the Bank for International Settlements. In Asia there is just no way to know though any number of firms have questioned the reality of the Chinese data more than once.   To a lesser degree we even have this issue. I point specifically at the CPI Index and how it is counted and then at our unemployment rate which magically does not include those who the government contends are no longer looking for work. With 43% of Americans, according to the U.S. Tax Policy Center, not paying taxes I wonder just what the rest of us can afford as we try to preserve the great American dream however consensus would define that.   In a sense the markets are experiencing a "Vietnam Moment" where we all believed what we were told and we all accepted the official headlines until the day came when we found out we had been flimflammed and you know the results of that fiasco. I believe that the markets are quite close to a shift in psychology where people and institutions alike no longer blindly accept the stories as told.   Then we have the upcoming "Drop Dead Day" which is how I peg the German elections. "All Quiet on the Western Front" until that day and then Greece, Italy, Spain, Portugal, Cyprus and perhaps even Ireland again will be crawling out from under the rug to be inspected once again. Even the IMF, after this date, may not be so accommodating and solutions will have to be found which may cause quite a bit of rancor in Europe. We are but weeks away now and then watch out for the buried problems because it is surely not "buried treasure." The ills of Europe have been covered up but will spring back upon the stage soon enough.  The next Act of the play may not be so charming.   Then there is the Fed and the tapering and when it begins. Five minutes after the May 22 announcement I advised everyone to take money off the table. For the next few days I repeated this mantra daily. The long end of the Treasury yield curve as retreated almost 11% since then and I hope some of you paid attention to my advice. Then since the bond markets often lead the way and as valuations, revenues and profits decline for any number of corporations I wonder just how long the equity markets can plug along without their own 11% decline as higher borrowing costs have now been thrown into the mix.   Then there is the Emerging Markets. Battered would be one appropriate word. From Indonesia to India to Brazil; turmoil has set in. There have been few places to hide and "Preservation of Capital" is becoming a sparse commodity.   In my opinion "Uncertainty" is upon us and quite a lot of it. As a result of "Uncertainty" the markets are getting edgy and the swings are becoming more pronounced. I always advise caution and I am advising a good deal of it now.   "Small mistakes, the lack of care, little accidents, and somewhere a tipping point is passed and things go badly wrong. Expedition history brims with tragedies built out of incremental missteps."                        -Alan S. Kesselheim

Silver and Gold Prices Both Higher Posted: 03 Sep 2013 06:39 PM PDT Gold Price Close Today : 1412.00 Change : 15.90 or 1.14% Silver Price Close Today : 24.382 Change : 0.919 or 3.92% Gold Silver Ratio Today : 57.912 Change : -1.591 or -2.67% Silver Gold Ratio Today : 0.01727 Change : 0.000462 or 2.75% Platinum Price Close Today : 1537.30 Change : -17.70 or -1.14% Palladium Price Close Today : 716.20 Change : -8.30 or -1.15% S&P 500 : 1,639.77 Change : 6.80 or 0.42% Dow In GOLD$ : $217.17 Change : $ (2.12) or -0.97% Dow in GOLD oz : 10.506 Change : -0.103 or -0.97% Dow in SILVER oz : 608.40 Change : -22.82 or -3.62% Dow Industrial : 14,833.96 Change : 23.65 or 0.16% US Dollar Index : 83.328 Change : 0.044 or 0.05% Over the weekend silver and GOLD PRICES found a bottom near $1,380 and 2325c. Yesterday, a US holiday, was quiet but today they went rampaging. Silver bounced up 91.9 cents (3.9%) to close Comex at 2438.2c. The GOLD PRICE added $15.90 (1.1%) to $1,412. Media attributed gold's boost to a strike in South African gold mines and safe haven buying spurred by US saber-rattling against Syria. If so, neither of those influences will last, as they seldom do, but the media always finds some excuse to blame any rise or fall on. Technically, gold dropped down to support at $1,380 (recall how much trouble gold had penetrating that barrier) and SILVER to support at 2300c. Both on Friday had closed below the sharp uptrend lines, both jumped right back up to close slap on that line. Typically corrections follow an A-down, B-up, and C-down pattern, so you would expect this B-up to run out of steam in a day or two. But maybe Syria and South African strikes can keep that up for a few days. All that aside, I remain persuaded that silver and GOLD PRICES bottomed on 27 June for the last low in the 2011-2013 correction. After this brief correction another strong upleg is coming that should take the gold price to $1,550 and silver price toward 2700c. Then we'll see a correction of this rally up from June. And all that was happening before Syria or strikes were making headlines. It will still be happening after those disappear from the headlines. SUMMARY: You are watching a brief and short correction in an upward rally that has about $150 in gold and 260 cents in silver to run. Only closed below $1,320 and 2130c would gainsay that outlook. Forward! September is a portentous month, since Angel Ferkel -- whoops, make that Merkel -- stands for re-election in Germany. Angela has been the heavy hand opening the tap for bailouts for the PIIGS, so this election offers the German people a chance to reject her policies. If she loses, markets will be roiled. Remember this: when you build a house of cards, first make sure nobody in the room is hiding a ten horsepower leaf blower. US stocks seem depressed about Bernard O'Bama's plan to embroil the US in yet another undeclared war. Last five days the Dow has bounced off 14,670 and the S&P500 off 1,627. If either breaks those levels, it will drop hard. Dow today rose 23.65 (0.16%) to 14,833.96. S&P500 climbed 6.8 (0.42% to 1,639.77. For an idea where this puts them, the Dow's 20 DMA stands at 15,111 and the S&P500's at 1662.91. 50 DMAs at 15,239.61 and 1,661.53. Stocks need to climb above those moving averages to turn momentum skyward. Dow in metals suffered again today. Dow in Silver fell an eye-bugging 3.62% or 22.82 oz to 608.40 oz. Dow in gold lost nearly 1% and ended at 10.506 oz. Both are trading back and forth across the long term downtrend line, and both might suffer here a sharp but brief upward correction. All the same, the trend has rolled over toward the earth's core. Just how deep is Ben the Bloviator's trouble in Interest rates? Well, there's a downtrend line stretching back to 2007, and like a hatching egg, bond yields right now are pecking through that shell. Today the 10 year treasury note yield closed at 2.848, up 3.6%. A close above 3% will signal lift off, I believe. US Dollar index has broken through that internal resistance around 82 and shot up, up, up above its 50 DMA. Upside down head and shoulders bottom targets 83.25 at least. Today rose 0.38% to 82.41. But woe betide the yen and euro! Yen at last fell through that bottom channel line that had supported it since mid-May, gapping down widely through its 50 DMA (101.36) to close down 1.39% at 100.44 cents per Y100. No reason to expect it will stop before 96.41, the May low, and it might go to 80 cents/Y100 if the Japanese Nice Government Men have their way. The Euro, remember, gapped down last week, and fell through its 20 and 50 DMAs. Today it touched but breached not its 200 dma ($1.3135). The forkéd double top in August spake not with forkéd tongue. Euro it breaches its 200 DMA, it could fall to $1.2755. I hope y'all's holiday was pleasant. Please note that next week, from 9 September through 13 September 2013, I will be away vacationing with my family. From 6 September, this Friday, I will not be sending commentaries again until Monday, 16 September. 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.

Silver and Gold Prices Both Higher Posted: 03 Sep 2013 06:39 PM PDT Gold Price Close Today : 1412.00 Change : 15.90 or 1.14% Silver Price Close Today : 24.382 Change : 0.919 or 3.92% Gold Silver Ratio Today : 57.912 Change : -1.591 or -2.67% Silver Gold Ratio Today : 0.01727 Change : 0.000462 or 2.75% Platinum Price Close Today : 1537.30 Change : -17.70 or -1.14% Palladium Price Close Today : 716.20 Change : -8.30 or -1.15% S&P 500 : 1,639.77 Change : 6.80 or 0.42% Dow In GOLD$ : $217.17 Change : $ (2.12) or -0.97% Dow in GOLD oz : 10.506 Change : -0.103 or -0.97% Dow in SILVER oz : 608.40 Change : -22.82 or -3.62% Dow Industrial : 14,833.96 Change : 23.65 or 0.16% US Dollar Index : 83.328 Change : 0.044 or 0.05% Over the weekend silver and GOLD PRICES found a bottom near $1,380 and 2325c. Yesterday, a US holiday, was quiet but today they went rampaging. Silver bounced up 91.9 cents (3.9%) to close Comex at 2438.2c. The GOLD PRICE added $15.90 (1.1%) to $1,412. Media attributed gold's boost to a strike in South African gold mines and safe haven buying spurred by US saber-rattling against Syria. If so, neither of those influences will last, as they seldom do, but the media always finds some excuse to blame any rise or fall on. Technically, gold dropped down to support at $1,380 (recall how much trouble gold had penetrating that barrier) and SILVER to support at 2300c. Both on Friday had closed below the sharp uptrend lines, both jumped right back up to close slap on that line. Typically corrections follow an A-down, B-up, and C-down pattern, so you would expect this B-up to run out of steam in a day or two. But maybe Syria and South African strikes can keep that up for a few days. All that aside, I remain persuaded that silver and GOLD PRICES bottomed on 27 June for the last low in the 2011-2013 correction. After this brief correction another strong upleg is coming that should take the gold price to $1,550 and silver price toward 2700c. Then we'll see a correction of this rally up from June. And all that was happening before Syria or strikes were making headlines. It will still be happening after those disappear from the headlines. SUMMARY: You are watching a brief and short correction in an upward rally that has about $150 in gold and 260 cents in silver to run. Only closed below $1,320 and 2130c would gainsay that outlook. Forward! September is a portentous month, since Angel Ferkel -- whoops, make that Merkel -- stands for re-election in Germany. Angela has been the heavy hand opening the tap for bailouts for the PIIGS, so this election offers the German people a chance to reject her policies. If she loses, markets will be roiled. Remember this: when you build a house of cards, first make sure nobody in the room is hiding a ten horsepower leaf blower. US stocks seem depressed about Bernard O'Bama's plan to embroil the US in yet another undeclared war. Last five days the Dow has bounced off 14,670 and the S&P500 off 1,627. If either breaks those levels, it will drop hard. Dow today rose 23.65 (0.16%) to 14,833.96. S&P500 climbed 6.8 (0.42% to 1,639.77. For an idea where this puts them, the Dow's 20 DMA stands at 15,111 and the S&P500's at 1662.91. 50 DMAs at 15,239.61 and 1,661.53. Stocks need to climb above those moving averages to turn momentum skyward. Dow in metals suffered again today. Dow in Silver fell an eye-bugging 3.62% or 22.82 oz to 608.40 oz. Dow in gold lost nearly 1% and ended at 10.506 oz. Both are trading back and forth across the long term downtrend line, and both might suffer here a sharp but brief upward correction. All the same, the trend has rolled over toward the earth's core. Just how deep is Ben the Bloviator's trouble in Interest rates? Well, there's a downtrend line stretching back to 2007, and like a hatching egg, bond yields right now are pecking through that shell. Today the 10 year treasury note yield closed at 2.848, up 3.6%. A close above 3% will signal lift off, I believe. US Dollar index has broken through that internal resistance around 82 and shot up, up, up above its 50 DMA. Upside down head and shoulders bottom targets 83.25 at least. Today rose 0.38% to 82.41. But woe betide the yen and euro! Yen at last fell through that bottom channel line that had supported it since mid-May, gapping down widely through its 50 DMA (101.36) to close down 1.39% at 100.44 cents per Y100. No reason to expect it will stop before 96.41, the May low, and it might go to 80 cents/Y100 if the Japanese Nice Government Men have their way. The Euro, remember, gapped down last week, and fell through its 20 and 50 DMAs. Today it touched but breached not its 200 dma ($1.3135). The forkéd double top in August spake not with forkéd tongue. Euro it breaches its 200 DMA, it could fall to $1.2755. I hope y'all's holiday was pleasant. Please note that next week, from 9 September through 13 September 2013, I will be away vacationing with my family. From 6 September, this Friday, I will not be sending commentaries again until Monday, 16 September. 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.

This Is Why The Price Of Gold & Silver Exploded Higher Today Posted: 03 Sep 2013 06:38 PM PDT John Embry On the heels of 50-year veteran Art Cashin warning King World News about a continued short squeeze in gold, today the short squeeze in gold resumed as the prices of both gold and silver surged dramatically.  Interestingly, another 50-year veteran told KWN exactly why gold, and particularly silver were moving so aggressively to the upside, and the reason will surprise readers around the world.  Below is John Embry’s fascinating interview

How Do I Hate Thee? Posted: 03 Sep 2013 05:21 PM PDT How Do I Hate Thee? Let Me Count the Ways… The Silver Lining Investing in a Market to Hate Money for Nothing World Premiere in Dallas, September 6 Chicago, Bismarck, Denver, Toronto, and New York How do I love thee? Let me count the ways. I love thee to the depth and breadth and height My soul can reach, when feeling out of sight For the ends of Being and ideal Grace. … I love thee with the breath, Smiles, tears, of all my life! — and, if God choose, I shall but love thee better after death. – Elizabeth Barrett Browning (1806-1861) When I was growing up, Labor Day always marked the official end of summer, since we started school the next day. These days everyone seems to start school sometime in August, but for those of us of a certain age, the natural annual rhythm is still to see the last few days of August as the end of a carefree summer. So with a nod to your need for a little more summer relaxati...

Claims Per Deliverable Ounce of Gold Rise To Over 54 As the August Delivery Period Ends Posted: 03 Sep 2013 04:43 PM PDT

Claims Per Deliverable Ounce of Gold Rise To Over 54 As the August Delivery Period Ends Posted: 03 Sep 2013 04:43 PM PDT

Is Gold's Bullish Turn Sustainable? Posted: 03 Sep 2013 03:58 PM PDT Gold has been outperforming both stocks and long-dated Treasuries in recent weeks. Below are four possible scenarios for the yellow metal looking out several weeks ... Read More...

Gold Rises Towards $1,400 After Russia Says Missiles Fired At Syria Posted: 03 Sep 2013 03:32 PM PDT GoldCore.com's Mark O'Byrne writes:  Today's AM fix was USD 1,391.25, EUR 1,056.06 and GBP 893.09 per ounce. Yesterday's AM fix was USD 1,391.25, EUR 1,052.46 and GBP 893.14 per ounce.   London's PM fix was USD 1,392.25, EUR 1,054.49 and GBP 893.843 per ounce. Yesterday the U.S. observed a national holiday and the COMEX was closed. Gold, silver and brent oil rose and European stocks declined after reports of missile launches in the Mediterranean. Russian radar detected two ballistic "objects" that were fired towards the Syrian coastline from the central part of the sea. Gold in USD, 1 Day - (GoldCore) Gold recovered from early losses and climbed toward $1,400 an ounce, after Interfax reported that Russia detected that two missiles had been launched. The missiles appear to be headed toward the eastern Mediterranean, RIA Novosti reported, citing comments Russian Defense Minister Sergei Shoigu made to President Vladimir Putin.  The reports led to some safe haven buying of gold. Gold for immediate delivery rose 0.5% to $1,399/oz soon after the reports.  The FTSE, DAX and CAC all fell by between 0.4% and 1% in volatile conditions as traders sought more information about the missile launches. Brent crude climbed 0.6% to $115.04 a barrel. At one point it surged 1.6% and reached a six month high of $117.34. The Russian embassy in Syria said there was no sign of a missile attack or of explosions in Damascus. The Ministry of Defence in London confirmed that the missiles were not British. The Israeli military initially said it was "not aware" of any missile launch in the Eastern Mediterranean according to the Daily Telegraph. Reuters have just reported that Israel has now said that it carried out joint missile test with U.S. Russia earlier today had criticised the United States for sending warships close to Syria, saying the deployments would exacerbate tension as Washington prepares for a possible military strike. Gold had edged down for its fourth consecutive day prior to the missile reports, while the U.S. dollar has reached a seven week high ahead of U.S. economic data that will help determine the state of the U.S. economy. Gold in USD, 5 Year - (GoldCore) Gold rallied from its low in June of $1,180.50/oz but has fallen from its three month high on August 28th of $1,433.83/oz due to a delay of the U.S. military attack on Syria. Gold has rallied 17% since the end of June as lower prices boosted demand, particularly in China and Asia.  Gold looks set to rebound as spending cuts by producers and the closure of many increasingly costly mining operations leads to a further reduction in supply while aggregate global demand remains robust. Geopolitical risk continues to be underestimated and the missile reports this morning underscore the importance of having an allocation to gold bullion. NEWSGold slips for fourth session as Syria worries, strong data weigh - Reuters Gold Little Changed Above 1-Week Low as Investors Assess Economy – Bloomberg India to bring in more measures to curb gold imports - Mineweb Gold Borrowing Costs Drop as Forward Rates Turn Positive - Bloomberg COMMENTARYThe Alchemist (August 2013) - LBMA "Explosive" September Straight Ahead – Zero HedgeGold: A Bombed Out Market Is Bottoming - GoldSeek Massive Debt Levels Will Push Silver To $150 And Beyond - SilverSeek Of Bullion, Backwardation and Buffett - GATA Please visit the source for the above content, GoldCore.com  http://www.goldcore.com/goldcore_blog/gold-rises-towards-1400-after-russia-says-missiles-fired-syria

Gold Rises Towards $1,400 After Russia Says Missiles Fired At Syria Posted: 03 Sep 2013 03:32 PM PDT GoldCore.com's Mark O'Byrne writes:  Today's AM fix was USD 1,391.25, EUR 1,056.06 and GBP 893.09 per ounce. Yesterday's AM fix was USD 1,391.25, EUR 1,052.46 and GBP 893.14 per ounce.   London's PM fix was USD 1,392.25, EUR 1,054.49 and GBP 893.843 per ounce. Yesterday the U.S. observed a national holiday and the COMEX was closed. Gold, silver and brent oil rose and European stocks declined after reports of missile launches in the Mediterranean. Russian radar detected two ballistic "objects" that were fired towards the Syrian coastline from the central part of the sea. Gold in USD, 1 Day - (GoldCore) Gold recovered from early losses and climbed toward $1,400 an ounce, after Interfax reported that Russia detected that two missiles had been launched. The missiles appear to be headed toward the eastern Mediterranean, RIA Novosti reported, citing comments Russian Defense Minister Sergei Shoigu made to President Vladimir Putin.  The reports led to some safe haven buying of gold. Gold for immediate delivery rose 0.5% to $1,399/oz soon after the reports.  The FTSE, DAX and CAC all fell by between 0.4% and 1% in volatile conditions as traders sought more information about the missile launches. Brent crude climbed 0.6% to $115.04 a barrel. At one point it surged 1.6% and reached a six month high of $117.34. The Russian embassy in Syria said there was no sign of a missile attack or of explosions in Damascus. The Ministry of Defence in London confirmed that the missiles were not British. The Israeli military initially said it was "not aware" of any missile launch in the Eastern Mediterranean according to the Daily Telegraph. Reuters have just reported that Israel has now said that it carried out joint missile test with U.S. Russia earlier today had criticised the United States for sending warships close to Syria, saying the deployments would exacerbate tension as Washington prepares for a possible military strike. Gold had edged down for its fourth consecutive day prior to the missile reports, while the U.S. dollar has reached a seven week high ahead of U.S. economic data that will help determine the state of the U.S. economy. Gold in USD, 5 Year - (GoldCore) Gold rallied from its low in June of $1,180.50/oz but has fallen from its three month high on August 28th of $1,433.83/oz due to a delay of the U.S. military attack on Syria. Gold has rallied 17% since the end of June as lower prices boosted demand, particularly in China and Asia.  Gold looks set to rebound as spending cuts by producers and the closure of many increasingly costly mining operations leads to a further reduction in supply while aggregate global demand remains robust. Geopolitical risk continues to be underestimated and the missile reports this morning underscore the importance of having an allocation to gold bullion. NEWSGold slips for fourth session as Syria worries, strong data weigh - Reuters Gold Little Changed Above 1-Week Low as Investors Assess Economy – Bloomberg India to bring in more measures to curb gold imports - Mineweb Gold Borrowing Costs Drop as Forward Rates Turn Positive - Bloomberg COMMENTARYThe Alchemist (August 2013) - LBMA "Explosive" September Straight Ahead – Zero HedgeGold: A Bombed Out Market Is Bottoming - GoldSeek Massive Debt Levels Will Push Silver To $150 And Beyond - SilverSeek Of Bullion, Backwardation and Buffett - GATA Please visit the source for the above content, GoldCore.com  http://www.goldcore.com/goldcore_blog/gold-rises-towards-1400-after-russia-says-missiles-fired-syria

Off To The Races Posted: 03 Sep 2013 03:31 PM PDT Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively. Read More...

Gold and Silver Off to the Races Posted: 03 Sep 2013 03:06 PM PDT Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively. Fortunately, after staggering along the lows, the precious metals are off to the races once more - with gold rallying more than 18% and silver 31%. This remarkable performance continues even in the face of the Fed's sustained tapering threats.

Claudio Grass: Monetary Collapse Likely Because Of Too Much Debt Posted: 03 Sep 2013 02:58 PM PDT In this interview, our friends at SGTReport talk with Claudio Grass about free markets (Austrian economics), the concept of money and the precious metals markets. Claudio Grass is the Managing Director of Global Gold, a bullion company specialized in storage of physical precious metals outside the banking system in safe jurisdictions like Switzerland. This article highlights 4 underexposed insights related to gold from the interview. 1. A lot of gold has been flowing lately from the UK to Asia. Especially India has been very demanding, although their government has been hiking taxes on gold imports because of a falling Rupee. This fits with a trend that started several years ago; it is a wealth transfer from Western weak hands to strong hands in the East. People in the East are likely to hold on to their precious metals. Specifically in India, Claudio Grass thinks that Gresham’s law is applicable: “”When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation. Bad money drives out good.” 2. Switzerland is responsible for 70% of the world gold refinery. Since April of this year (i.e. the gold and silver price drop), the 400 ounce gold bars have reached the market and have been melted down in smaller units. 400 ounce bars are typically central bank bars. This (re)production process has resulted in the delivery delays of 6 to 8 weeks, a headline that most of us are familiar with. If low gold prices will continue for a while, a real supply issue could hit the gold market. 3. How to look at extreme headlines like a “monetary collapse” or “economic collapse?” Claudio Grass believes “it is all about people’s perception.” The facts are that the current debt situation is already unsustainable. Most Western governments and banks are broke. This surely has the potential to lead to a collapse, but it all depends on the behaviour and perception of people. As soon as they act according to an understanding of the risk, a collapse and hyperinflation could be imminent. Given the current circumstances, a monetary collapse seems inevitable. 4. What to think about a return to a gold standard? There are basically two “schools of thought.” The first one says that any currency should be backed by gold to avoid out of control inflation (caused by the money printing press). The other school of thought says that people need to take the printing press back as the wealthiest people (who own all the gold) will benefit from a return to a gold standard. Claudio Grass his view is that people should be able to freely decide what type of money they want to use. Free markets and free banking should decide on it. Gold and silver have been money for the last 3000 years because it has been decided by the market participants. Governments should not have the exclusivity about money. In the East, they know what inflation looks like and they have experienced several hyperinflations in the previous century. It is no coincidence that owning gold and silver is an inherent part of their culture. Request three special reports related to physical gold outside the banking system and monetary history, produced by Global Gold, on this webpage: welcome.globalgold.ch.

Gold Daily and Silver Weekly Charts - I'm Your Huckleberry Posted: 03 Sep 2013 01:50 PM PDT

Gold Daily and Silver Weekly Charts - I'm Your Huckleberry Posted: 03 Sep 2013 01:50 PM PDT

Recent Rally in Gold: Significant Improvement or Just a Bigger Pullback? Posted: 03 Sep 2013 01:19 PM PDT Last week gold rose to its highest level since mid-May as possible military action against Syria prompted safe-haven buying. It's worth noting that the yellow metal gained over $250 an ounce from its June low of $1,180.71 ... Read More...

Sinking bonds, rising rates are the killers for central banks, Embry says Posted: 03 Sep 2013 01:17 PM PDT 4:10p ET Tuesday, September 3, 2013 Dear Friend of GATA and Gold: Sprott Asset Management's John Embry tells King World News today that it will be easier for Western central banks to restrain the price of gold than the price of silver, since there doesn't seem to be as big an inventory of silver available for price suppression. Sinking bond prices and rising interest rates, Embry says, are the great vulnerability of central banks. An excerpt from his interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/3_Thi... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Jim Sinclair plans Westchester County seminar Sept. 4 Mining entrepreneur and gold advocate Jim Sinclair plans a gold investing seminar from 1 to 5 p.m. on Wednesday, Sept. 4, in Tarrytown in Westchester County, New York. For information on attending, please visit his Internet site, JSMineSet.com, here: http://www.jsmineset.com/qa-session-tickets/ Join GATA here: Gold Investment Symposium 2013 Luna Park Conference Center, Sydney, Australia Wednesday-Thursday, October 16-17, 2013 http://gold.symposium.net.au/ Mines and Money Australia Melbourne Conference and Exhibition Centre Tuesday, October 29-Friday, November 1, 2013 http://www.minesandmoney.com/ New Orleans Investment Conference Sunday-Wednesday, November 10-13, 2013 Hilton New Orleans Riverside Hotel New Orleans, Louisiana https://jeffersoncompanies.com/landing/speakers?IDPromotion=613011610080... * * * 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: http://gata.org/tshirts 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: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16

War and the Return of the Gold Bulls Posted: 03 Sep 2013 12:35 PM PDT Gold demand is rising again… this time, to the beat of war drums. Gold futures finished 2% higher last week, surging nearer to bull market territory as charted by the Comex. Investor jitters over an apparently imminent U.S. strike against Syria are running again for safety in an uncertain world. We could have sworn we were told by the high priests of finance that the gold bull market was over last April. Gold fell all the way to the $1,100 range, and the gold bugs were officially declared legally insane for hanging on. It’s now clawed its way back to the $1,410 range… and the bombs aren’t even dropping yet. Imagine what will happen if Iran makes good on its promise to strike Israel in response… Legendary investor and Daily Reckoning contributor Jim Rogers spoke recently to Tara Joseph of Reuters, noting that gold will go “much higher” due to market panic over Syria and the “end of free money.” Says Rogers: “I own oil, I own gold, I own things like that, and if there is going to be a war, and it sounds like America is desperate to have a war, they’re gonna go much, much higher. Stocks are gonna go down, some of the markets that I’m short are already going down, commodities are gonna go up. I mean, yeah, some of the things I own all make a lot of money. I’m not particularly keen on war, I assure you, but it sounds like they want it.” Rogers is expecting panic to ensue from tapering as well. “When this artificial sea of liquidity ends, we’re gonna see panic in a lot of markets, including in the U.S., including in West developed markets… this is the first time in recorded history that all major central banks have been flooding the market with artificial money printing at the same time. They’ve all been trying to debase their currencies at the same time.” The lesson here for investors: If you think gold is over with, you have evidently forgotten about politics. No matter how bad it looks, someone in Washington will end up making gold investors wealthy again. Jason Farrell For The Daily Reckoning P.S. Check out our chart reader Greg Guenthner’s three predictions for market fallout in Syria. Subscribe to The Daily Reckoning email edition and get the inside scoop. Click here.

The Upward Momentum in Gold Prices Looks set to Continue Posted: 03 Sep 2013 12:09 PM PDT Gold prices climbed back above the $1,400 an ounce on Tuesday after Interfax reported that Russia detected a missile launch. A Russian Defence Ministry spokesman quoted by the Interfax news agency said the launch was picked up by an early warning radar station at Armavir, near the Black Sea, which is designed to detect missiles from Europe and Iran. RIA, another Russian news agency, later quoted a source in Syria’s “state structures” as saying the objects had fallen harmlessly into the sea. The Russian Defence Ministry declined comment to Reuters. However, later in the day Israel’s Defence Ministry said that it, along with a Pentagon team, had carried out a test-launch of a Sparrow missile. The Sparrow, which simulates the long-range missiles of Syria and Iran, is used for target practice by Israel’s U.S.-backed ballistic shield Arrow. “Israel routinely fires missiles or drones off its shores to test its own ballistic defence capabilities,” a U.S. official said in Washington. Western naval forces have been gathering in the Mediterranean and the Red Sea since President Bashar al-Assad was accused of carrying out an August 21 gas attack in his more than two-year-old conflict with rebels trying to topple him. Moscow is Assad’s big-power ally and has mobilised its own navy in the face of U.S. military preparations to punish the Syrian government for its alleged killing of more than 1,400 people in the chemical strike in an embattled Damascus suburb. Russia opposes any outside military intervention in Syria’s civil war and says it suspects the gassings were staged by rebels seeking foreign involvement in the conflict. The news caused a spike in gold prices which later dropped back below $1400 an ounce only to rise again during the second London gold fix. In South Africa, more than 120,000 unionized gold miners In South Africa, represented by the National Union of Mineworkers (NUM), are set to go on strike as of today. Yesterday, Reuters reported that South African union leaders warned that mine owners’ handling of pay talks could provoke violence, and bosses said wage hikes would force mine closures and cost thousands of jobs. Mining companies have already explained that they cannot afford to agree to the demands made by the unions due to soaring costs and depressed prices. The president of South Africa’s Chamber of Mines warned unions against stoking workers’ hopes. Mark Cutifani, who is also chief executive of mining giant Anglo American said, “Promoting expectations above the capacity of the industry to pay is a dangerous road that may have tragic consequences for employees who do not understand how close we are to economic devastation in certain sectors.” “If we lose each other in the present discussions, we will count the costs in mines closed and tens of thousands of jobs lost,” he wrote in a commentary in the Business Day newspaper. According to the Chamber of Mines, the strike could cost South Africa more than $35 million a day in lost output as the sector would stop producing about 760 kg a day. South Africa’s gold industry, which once accounted for almost 80% of global bullion output, now produces just 6% of the world total. Companies which will be hit by Tuesday’s strike include main gold producers AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold. Last week the price of gold pushed above the $1400 an ounce level for the first time in three and a half months due to increasing geopolitical tensions involving the recent chemical attack that took place in certain suburbs of Damascus, Syria. Last week UK prime minister, David Cameron, was forced to back down and agreed to delay a military attack on Syria when British politicians rejected a motion urging an international response to the recent chemical weapons strike in Syria. The Prime Minister has now said he will wait for a report by United Nations weapons inspectors before seeking the approval of MPs for "direct British involvement" in the Syrian intervention. Downing Street said the decision to wait for the UN was based on the "deep concerns" the country still harbours over the Iraq War. In a statement the UK government said that it only wanted to proceed on a "consensual basis" and was now wary about becoming embroiled in another divisive conflict in the Middle East in the wake of Iraq. The parliamentary defeat for David Cameron is a blow to US President Obama. Like nearly all presidents since the Vietnam War, Britain has been the closest ally to the US. And, Obama's efforts to marshal a unified international front for a short, punitive strike raised concerns about the evidence, reawakening British resentment over false assurances from the American and British governments that Saddam Hussein had weapons of mass destruction. In a televised speech the U.S. Secretary of State, John Kerry, claimed that there was clear and compelling evidence that proves the Syrian government was behind the recent chemical-weapons strike in Damascus. After citing the protracted military presence of the US in Iraq and Afghanistan Kerry presented his case for intervention. “Fatigue does not absolve us of our responsibility,” Kerry said referring to Iraq and Afghanistan. “Just longing for peace does not necessarily bring it about. And history would judge us all extraordinarily harshly if we turned a blind eye to a dictator's wanton use of weapons of mass destruction against all warnings [and] against all common understanding of decency.” President Obama spoke to the nation on Saturday from the White House on the worsening situation in Syria. In a rather defiant note, he insisted the U.S. was prepared to take action against the Syrian government. "Ten days ago, the world watched in horror as men, women and children were massacred in Syria in the worst chemical weapons attack of the 21st century," the President said. "In a world with many dangers, this menace must be confronted.' "Now after careful deliberation, I have decided that the United States should take military action against Syrian regime targets," Mr. Obama added. "Our military has positioned assets in the region. The chairman of the Joint Chiefs has informed me that we are prepared to strike whenever we choose," the President said. Mr. Obama also said he would seek authorization from Congress before launching a military strike. "Over the last several days, we have heard from members of Congress who want their voices to be heard. I absolutely agree. "This morning, I spoke with all four congressional leaders, and they've agreed to schedule a debate and then a vote as soon as Congress comes back into session," the President said. If one considers all the previous disasters that have followed any US lead military intervention, it is more than likely that such action will have a similar fate and will only escalate tensions in the Middle East. As this will prompt investors to seek safe haven assets such as gold and as we enter the period where prices have tended to increase on a historical basis, I expect to see higher prices in the coming months. Meanwhile as much of the focus of the global financial markets will be Syria, another unfolding scenario will also continue to have an enormous impact on gold prices. This is the on-going currency war caused in part by the major central banks policy of quantitative easing as well as the expansion of global debt. The easy money policies of the major central banks in particular the US Federal Reserve, the European Central bank, and the Bank of Japan has caused a devaluation of not only the major global currencies but those of the emerging world including China, India, Brazil, Argentina, Indonesia, South Africa, Russia and Mexico – just to name a few. During the last few months the Indian Rupee has lost more than 25% of its value versus the US dollar causing demand for gold to soar.  And as individuals in India have been buying gold as a way to protect their wealth, the Reserve Bank of India  have reacted to the situation by imposing import controls on the metal in an attempt to keep the populace from fleeing the rupee for gold. It is very conceivable that the recent strength in global gold markets might be attributable more to events such as these than events in Syria — where the mainstream financial media has focused its attention of late. In its latest move to try and take gold from its citizens, the Indian government is considering a radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal refiners in an attempt to curb imports and take some pressure off the plunging currency. A pilot project will be launched soon, a source familiar with the Reserve Bank of India (RBI) told Reuters. India has the world’s third-largest current account deficit, which is approaching nearly $90 billion, driven in a large part by appetite for gold imports in the world’s biggest consumer of the metal. With 31,000 tons of commercially available gold in the country – worth $1.4 trillion at current prices – diverting even a fraction of that to refiners would satisfy domestic demand for the metal. “We will start a pilot project among some banks where we will allow them to buy back gold from individual households,” the source, an official familiar with the central bank’s gold policymaking, said. “This will start soon, we have discussed (it) with banks.” The RBI will ask the banks to buy back jewellery, bars and coins for rupees. Lenders will have to offer better rates than pawn shops and jewellers to lure sellers. Only last Thursday, India’s Trade Minister Anand Sharma said the central bank should look into the possibility of monetizing gold holdings. However, it was not clear whether Sharma was referring to the 557.7 tons of gold the RBI holds in its own reserves, or gold in private hands. He did not give more details of how the proposal would work. Earlier this week in comments reported in the national media, Sharma said “even if 500 tons is monetized at today’s value it takes care of your CAD”, or current account deficit. Technical picture The momentum in gold prices continues to trade with an upward bias and look set to soon re-test $1450 an ounce.

He Grew His Fortune 10-Fold. Here’s What He’s Doing Now Posted: 03 Sep 2013 12:02 PM PDT September 3, 2013 A self-made millionaire, and the two companies where he’s betting big Risk on: Global manufacturing numbers help fuel post-Labor Day rally Cybersecurity contractors rejoice: Our favorite hacker collective — after Anonymous, of course — takes direct aim at the U.S. military Gold flirts with $1,400 as an “industry shutdown” looms in a major producing country Pulling the plug on a playboy economist’s hot tub… reader complains of “bombardment”… your chance to twist Chris Mayer’s arm… and more!   “A 35-Year-Old Self-Made Millionaire Investor Shares His Two Favorite Stocks,” says the headline on a briefing from our own Chris Mayer. It’s September. Summer vacation is over. Wall Street’s high rollers are back from the Hamptons. Already, the financial media are awash with headlines about Fed tapering (yawn), a new Fed chairman (snore), the 2014 federal budget (oy) and the debt ceiling (ugh). Not to mention the thrilling German parliamentary elections, on which we’re told the fate of the eurozone hinges. Oh, yeah, and Syria. Here at The 5, we’ll stay true to our mission — gleaning only profitable insight and/or entertainment from the headlines, dismissing the rest as so much noise. Despite the long and dreary list of worries we just enumerated, our editors are genuinely excited about the moneymaking opportunities swimming contentedly below the market’s turbulent surface. With that in mind…   “At age 35, Nawar manages his own money and invests big in just two high-conviction ideas,” says Chris Mayer. Chris met up with Nawar Alsaadi in July, during our Symposium in Vancouver. Nawar’s story is one of those classic had-it-all, lost-it-all, got-it-all-back-and-then-some stories. He was born in Baghdad. At age 12, the Gulf War broke out and his family ended up in France. That’s when he developed an interest in the stock market. At 17, he bought his first stock. At 22, he was nearly a millionaire. “Once the tech bubble burst, I burst with it and lost everything,” Nawar told Chris. That’s when he got serious about investing and studied the greats — Benjamin Graham, Buffett, Phil Fisher and Seth Klarman. “I went back into the market in the mid-2000s,” he went on. “I had a house in Baghdad that I managed to sell in late 2008 for $600,000. The proceeds, along with some investment capital of $200,000, permitted me to invest heavily during the financial crisis.” Zeroing in on energy stocks and real estate, he multiplied his money 10-fold by 2011. “Nawar is modest about his successes,” Chris says, “and confesses some of it was luck and some of it was skill.” Now, as noted above, he’s gone big into just two companies.   “Today,” says Chris, “Nawar considers himself an activist investor, one who engages management to make changes.” Which brings us to the first of his two ideas, Equal Energy. “This has been a long, messy saga,” says Chris. “And Nawar is under a standstill agreement that expires in June 2014.” Until then, he’s keeping his silence about management and the board — except to say he’s writing a book about his experiences with them. “Nawar is still in Equal Energy,” says Chris, “and has a high conviction that it will work out very well for investors.” His other favorite? Longview Oil, a Canadian oil and gas producer. It trades in Toronto as LNV and in the U.S. as LGVWF. Longview trades at a significant discount to its peers — owing to its relationship with another company called Advantage Oil & Gas, which spun off Longview in an IPO last year. Advantage is under pressure — high debt, low natgas prices. It’s looking to dump assets — maybe even its 45% stake in Longview. That’s generated a lot of uncertainty. Fretful investors don’t like uncertainty. Nawar is not fretful. No matter what happens, he says Longview shareholders win: “Longview will either ultimately emerge as a standalone company or be liquidated. Both outcomes will lead to the stock trading at a more appropriate valuation.” “Longview,” says Chris, “pays you 12% at the current price of about C$5 per share and offers the potential of a 50-100% return over the next 12-24 months.” [Ed. Note: Chris has his own high-conviction idea as we go into autumn. Unfortunately, you might never learn about it. It's appealing as all get-out, a strategy proven to turn every $1 invested into as much as $50. So far, Chris has shared it with only his most elite readers... and he's resisted sharing it with a larger audience. But we've twisted his arm, and he's agreed to reveal this strategy more widely -- provided enough readers of The 5 speak up and express interest. Scroll down for the backstory on this remarkable opportunity... and your chance to amp up the pressure on Chris!]   Steady as she goes for U.S. manufacturing: The August ISM manufacturing index registered this morning at 55.7 — well above the 50 dividing line between expansion and contraction, and also way better than the “expert consensus” of economists was expecting. August manufacturing readings from overseas came out yesterday. The eurozone clocked in at 51.4 — the best in more than two years. China, meanwhile, has touched a 16-month high at 51.0. Thus, the “global slowdown” meme that’s dogged traders much of the summer is over. Or at least on hold, heh.   And with that, U.S. stocks are off to the races this morning. As we write, the Dow is up 88 points, within reach of 14,900. Small caps are doing even better, the Russell 2000 up nearly 1%. “Stocks are still very much in make-or-break mode,” says STORM Signals editor Jonas Elmerraji. “On Wednesday and Thursday, we saw some semblance of a stock bounce. Buyers are clearly out there, and they’re willing to step in. The only real question is whether they can overpower all of the sellers getting spooked by Syria.” Speaking of which…   The persistent pests of the Syrian Electronic Army are at it again. The “hacker collective” sympathetic to the Assad regime took aim at the U.S. Marine Corps’ recruiting website yesterday. “Refuse your orders,” said the message. The few, the proud, the hacked… The al-Qaida reminder is a nice touch. Shades of Hillary Clinton wondering aloud on 60 Minutes, “Are we supporting al-Qaida in Syria?” And that was in early 2012! According to Reuters, “A Defense Department spokesman said the site, on commercial network rather than the Defense Department network, had been restored after an outage of a few hours.” OK, we’ll take the Pentagon at their word that they keep their “.com” domains on a different server than the “.mil” ones… but we still suspect the brass are holding an urgent meeting or two to figure out how to beef up their firewalls. For sure, the incident reinforces Byron King’s thesis, sourced from recently declassified documents, that the Pentagon is showering $16.1 billion on a few select “InfoSec” contractors.   Gold has squeaked its way past $1,400 again — $1,402 at last check. Silver’s up to $24.36. The rest of the commodity complex is mostly in the green, crude a few pennies away from $108. And that’s despite a bit of dollar strength; at 82.5, the dollar index is at a six-week high.   An industrywide mining catastrophe could be afoot in South Africa. Although the country’s precious metal sector has barely recovered from last year’s violent strikes, ones we noted in The 5 just over a year ago, another wave could be building. Last year’s strikes erupted from a turf war between the country’s two big miners’ unions, costing billions of dollars and taking more than 50 lives. Now the National Union of Mineworkers (NUM) wants a 60% pay increase for entry-level miners, while the Association of Mineworkers and Construction Union (AMCU) is pushing for 150%. The industry counteroffer? A maximum of 6.5%. “Promoting expectations above the capacity of the industry to pay,” Mark Cutifani, chief executive of Anglo American warned the unions, “is a dangerous road that may have tragic consequences for employees who do not understand how close we are to economic devastation in certain sectors.” If the unions strike, producers warned, they will cause an industrywide lockout. The NUM, which makes up about two-thirds of over 120,000 unionized miners, announced they will strike today. The AMCU hasn’t announced a strike, but sees trouble brewing ahead. “I have informed the minister of police,” announces AMCU President Joseph Mathunjwa, “that the manner in which the gold CEOs want to approach this wage negotiation, through an offensive lockout, will result in violence.” “A strike is not what we are after,” he says. “We are being pushed into a corner.” “A gold industry shutdown could cost South Africa more than $35 million a day in lost output,” Reuters reports with the figures, “according to calculations based on the spot gold price and a Chamber of Mines estimate that the sector would stop producing about 760 kg a day.” [Ed. Note: "A new stock idea," our own Dan Amoss tells us upon his return to the PRO desk, "has been quietly shifting its portfolio out of the country. "Investors have yet to notice." All the details on this tiptoeing stock can be found below, in today's PRO section.]   Nouriel Roubini, also known as “Dr. Doom,” is known for two things, says New York’s real estate blog Curbed: “predicting the financial crisis of the last decade, and throwing orgiastic parties jampacked with models.” “They love my beautiful mind,” Roubini told New York magazine of the models who attend his parties. “I am ugly, but they’re attracted to the brains. I’m a rock star among the geeks, wonks and nerds.” Are these pics from the same party, or is he just really fond of that shirt? Alas, the Building Department got a complaint and slapped Roubini with a fine — forcing him to remove his infamous 10-person hot tub, a wooden deck, a propane gas grill and an extra room he just had built, all without approval from the building. According to the complaint, the hot tub makes the building shake, compromising its structural stability. But have no fear, geeks, wonks, nerds and models: A source who knows Roubini told the New York Post, “The parties will still go on. Knowing him, he’ll just move the hot tub inside.” Aw, darn. We were hoping he’d have to spend less time partying and more time engaging in Twitter wars with Jim Rickards over the gold standard…   “Anyone,” writes a reader picking at a scab from last week’s mailbag, “who insists that neither Obamacare, nor any of the other Machiavellian policies imposed on the American people in the name of ‘saving the middle class,’ is at the core of the part-time society, has obviously graduated from the public school system and has never had to meet a payroll. “One wonders why anyone with such a ‘progressive bias’ would even bother reading an investment newsletter, unless, of course, they were assigned to as part of their paid job with Organizing for America. “Hopefully that’s the case, because I would hate to think that they were being that ignorant for free…”   “FYI,” writes a reader from Malaysia who checks in now and then, “I read this notification from Standard Chartered Bank Malaysia (verify on their Malaysia website). ‘Dear Customer, ‘Kindly be informed that the ‘USD Traveller’s Cheques Clearing Service’ for both deposits and encashment will be discontinued effective 1 September, 2013. However, this does not affect the acceptance of Traveller’s Cheques denominated in other currencies. ‘For clearance of USD-denominated Traveller’s Cheques, please proceed to other banking institutions that offer such the clearing service.’ “Seems like one international bank here in Kuala Lumpur does not want to deal with USD traveler’s check from any issuer (AMEX, Thomas Cook, etc.).” The 5: Hmmm… Anyone with any insight, we encourage you to write us.   “If Obama wants to attack Syria,” a reader writes, “let’s issue him a pair of fatigues and give him a rifle (with a clip that holds no more than 10 rounds of ammunition). “Those other people in Washington pushing for us to attack can be issued fatigues and rifles to follow Obama in the attack.”   “I fear Obama has finally flipped his lid,” writes another. “He stood on TV and stated with a straight face that we just had to do something in Syria, because one-third of their housing had been destroyed and it was our duty to help them as we have others in the region. “Well, DUH! Look at the places we have helped in the past: Iraq, Afghanistan and Libya, to name a few. I believe we have managed to destroy virtually ALL their housing, roads, electrical and water service, etc. Not to mention the thousands and thousands of innocent men, women and children we have killed with and without drones.”   “You might well be offering some real investment gems,” a reader writes… [We can see the "but" coming from a mile away...] “…but frankly, every time I’ve had the questionable judgment to open up one of your embedded links, I am bombarded with a true Billy Mays-style garbage infomercial. “I happen to be busy, and I really don’t appreciate the waste of time listening to teasers, gibberish, repetition and general sales crap ad infinitum, ad nauseam. To date, I have not watched a single video to its conclusion before I get fed up with the BS, deleted the email and went on about my business. I suspect that the same is true for others (who have an IQ higher than their shoe size). “If you want to pique my interest in one of your investment products, then tell me what I need to know, shut up and let me take further action if I believe it might be warranted.” The 5: Yes, it’s a wonder we’re still in business. Nobody, but nobody, cares about this, for example…   “This is a great info tool,” writes a new reader. “Just the right amount of info to tell me what’s going on given the amount of time I have available. Thanks… was a great idea to initiate.” The 5: Well, we’re glad someone likes us today… Cheers, Dave Gonigam The 5 Min. Forecast P.S. We direct your attention to the Overtime Briefing that follows from colleague Samantha Buker. Samantha’s been hard at work on her biggest project since collaborating with Addison Wiggin on The Little Book of the Shrinking Dollar in early 2012. It involves an investing strategy proven to turn every $1 invested in to $50. But unless you take action — it’s a very small step, and there’s absolutely no obligation on your part — you might never get the chance to learn more about it. Samantha, take it away… Hi, I’m Samantha Buker. I’m a lead researcher for Agora Financial, and I work hand-in-hand with our Managing Editor, Chris Mayer. Last week I asked readers to band together to do something we’ve never had to do before in the history of our business… Together, we convinced Chris to SELL a personal position he held in a pubic company, and give the idea to his readers instead. See, despite the strategy behind what he personally held having once turned every $1 invested in $50… and despite the world’s richest investor being a fan of this strategy… Readers were LOCKED OUT of learning about the position, because of a policy we have here at Agora Financial. As you may know, we have a strict policy that an editor CANNOT recommend or write about a financial position that they own. Put simply, if Chris owned XYZ corp, he couldn’t recommend it to you. We do this to make sure there’s no conflict of interest. Believe it or not, there are a lot of self-proclaimed financial “gurus” out there that buy a stock… pump it up to their readers… and then sell out for a personal gain. All while their readers are left sitting on losses. That’s why we have a strict policy that our editors will never recommend a stock they personally own. That’s the only way to ensure there’s no conflict of interest. But in the case of the “Chaffee Royalty Program” – Chris’ name for a strategy that turned every $1 invested into $50 the last time the opportunity opened up – we had a problem. A BIG problem. Chris personally owned

Has Gold Really Bottomed? Posted: 03 Sep 2013 12:01 PM PDT Graceland Update

Bloody Scenes from the Next Episode of Economic Crisis Posted: 03 Sep 2013 11:40 AM PDT After the gas attack on rebel areas of Damascus by the increasingly desperate Syrian regime, a military response led by the U.S. looks very likely. It will only add to the instability of the Middle East this autumn that is already heightened by the army coup in Egypt and the widespread suppression of the Muslim Brotherhood. Libya remains an anarchic place, with oil production down 80%. These are the facts of life for investors, whichever side you sit on. In 2008, it was the high oil prices of July — when prices hit an all-time high of $147 a barrel — that tipped the world economy into the global economic crisis of that autumn. Financial markets are riding ridiculously high for the economic outlook again now. They have so far failed to wake up to the reality of higher U.S. interest rates. The surge in U.S. interest rates over the summer is badly impacting new home sales and industrial orders. Higher interest rates are a tax on any economy, and that is what the U.S. has gotten over the summer while many folks were on holiday. "The interest rate on a 30-year fixed home loan climbed to 4.58% in the week ended Aug. 22, according to data compiled by Freddie Mac… [It] rose from a record-low 3.31% in November and posted its biggest-ever quarterly gain of 25% from April to June," says a Bloomberg article. No surprise, then, that orders for durable goods dropped in July by the most in almost a year. Orders fell 7.3%, "the first decrease in four months and the biggest since August 2012," says Bloomberg. "The retreat was broad-based, with demand excluding the volatile transportation category unexpectedly falling." Then again, sales of new single-family homes in the United States fell sharply in July to their lowest level in nine months. Sales dropped 13.4% to an annual rate of 394,000 units. That was lower than any prediction by the 72 economists surveyed by Bloomberg. The Economic Cycle Research Institute already has the U.S. back in recession. How long will it take a bullish stock market to realize that the U.S. recovery is dead? For the moment, the bad July data can be seen as something good for the market because they will encourage the Fed to keep on printing money. Still, that hardly matters now that interest rates are on the way up, does it? Investors don't seem to have quite twigged that yet. The Fed has lost control of interest rates. Mamma mia! That is an important development. However, perhaps it will take a good old-fashioned Middle East oil price spike to prick the stock market bubble. Intervention in Syria, whatever that might or might not achieve in humanitarian terms apart from raining more bombs on the hapless Syrian public, will certainly do the trick on Wall Street. Stand by for round two of the global economic crisis, coming soon to a screen near you. It's going to be as bloody and chaotic as the scenes on your TV from Cairo and Damascus. Yet, as ever, the chorus on Wall Street manages to keep a straight face and sing the same tune while robbing investors blind. Just listen to them on Bloomberg or CNBC and you would think the Fed has this all under control and the U.S. economy is recovering. Now, admittedly, economists are all facing the wrong way too. There is hardly a man or woman willing to stick their neck out and say the inflation-distorted figures that purport to show a recovery are turning in the opposite direction. That said, we can point to a legion of contrarian investors telling the story as it really is — from Marc Faber to Chris Mayer to Jim Rogers and many more. There will be plenty of people who again will wish that they had listened to these wise voices who also got it right in 2008. Instead, the lemmings head again for the cliff, totally convinced by their collective myopia that only good times lie in store. How overvalued do U.S. stocks have to become for them to realize the folly of their ways? Record margin debt shows that people have never borrowed more in history to push up stock prices. Record stock buybacks by public companies show an equal folly, although if they have financed that by issuing fixed-coupon corporate bonds, then they have been correctly contrarian in their thinking too. Still, we are set up for one almighty crash on Wall Street this autumn as the fools cash out at just the wrong time or, more likely, because their own financial stupidity leaves them with no option. This time, the Fed will not be there to rescue everybody. Such will be the scale of the disaster that only the chosen few will be rescued this time round. The last global financial crisis actually had surprisingly few casualties, as the regime of low interest rates kept zombie companies alive far beyond their natural life spans. They are all going to crumble in a heap this time. The debts are simply too big. There is no way for the Fed to print this much money fast enough, although it will doubtless try. Inflation is probably still a better disease to suffer, though, than the deflation that will undoubtedly be the first effect of such a financial crash. Many will lose their jobs in a rolling crisis. Whole financial institutions will melt away along with all the money invested in them. Cyprus set the precedent of what to expect. Investments without a counter party will rise to a premium, and that means gold and silver, the traditional safe havens. Central bankers will no longer be able to manipulate their prices down, as the futures market will be replaced by physical metal exchanges as the price-setting mechanism. Amid this awful mess will be some generational asset-buying opportunities, provided that you have protected your wealth in real assets and not entrusted it to some dodgy financial institution with an army of expensive staff to pay and a palatial headquarters. Regards, Peter Cooper for The Daily Reckoning Ed. Note: Bracing yourself from the coming global economic crisis can be tricky. But if you're a subscriber to The Daily Reckoning email, you've already received several opportunities to better weather the coming storm. If you're not currently receiving The Daily Reckoning email edition, you're missing out on numerous ways to find out just what to do in the face of the coming crisis. Sign up for free, right here, and start preserving your wealth today.

This Is Why The Price Of Gold & Silver Exploded Higher Today Posted: 03 Sep 2013 11:21 AM PDT On the heels of 50-year veteran Art Cashin warning King World News about a continued short squeeze in gold, today the short squeeze in gold resumed as the prices of both gold and silver surged dramatically. Interestingly, another 50-year veteran told KWN exactly why gold, and particularly silver were moving so aggressively to the upside, and the reason will surprise readers around the world. Below is John Embry's fascinating interview. This posting includes an audio/video/photo media file: Download Now

Has Gold Really Bottomed Posted: 03 Sep 2013 10:58 AM PDT I realize that most investors in the gold community probably believe that the June lows near $1180 are a "final" bottom. I think it's a bit early to make such bold statements, and obviously the central bank of Australia feels the same way I do. Read More...

Kaye: Out of gold, Western central banks now will try to slow metal's renewed rise Posted: 03 Sep 2013 10:24 AM PDT 1:23p ET Tuesday, September 3, 2013 Dear Friend of GATA and Gold: Hong Kong fund manager William Kaye today tells King World News that Western central banks likely have just about run out of gold to smash the market down with and probably will move on to trying to slow gold's renewed upturn as best they can. An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/3_Inc... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Don't Let Cyprus Happen to You Depositors at the Bank of Cyprus lost 47.5 percent of their savings. So to preserve your wealth, get some of it outside the banking system into physical gold and silver. Worldwide Precious Metals (Canada) Ltd., established in 2001, specializes in physical gold, silver, platinum, and palladium. We offer delivery or secure and fully insured storage outside the banking system in Brinks vaults. We have access to gold and silver from trusted worldwide refineries and suppliers. And when you have an account with us you have immediate access to it for buying and selling your stored bullion. For information on owning physical precious metals in your portfolio, visit us at: www.wwpmc.com. Join GATA here: Gold Investment Symposium 2013 Luna Park Conference Center, Sydney, Australia Wednesday-Thursday, October 16-17, 2013 http://gold.symposium.net.au/ Mines and Money Australia Melbourne Conference and Exhibition Centre Tuesday, October 29-Friday, November 1, 2013 http://www.minesandmoney.com/ New Orleans Investment Conference Sunday-Wednesday, November 10-13, 2013 Hilton New Orleans Riverside Hotel New Orleans, Louisiana https://jeffersoncompanies.com/landing/speakers?IDPromotion=613011610080... * * * 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: http://gata.org/tshirts 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: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16

Turkey gold imports slump month-on-month in August Posted: 03 Sep 2013 10:00 AM PDT Bourse Istanbul data shows that this is down from 37 tonnes a month earlier, but slightly above the year-ago figure. Read more….

Gold and silver: still in a bear market or in major recovery mode? Posted: 03 Sep 2013 10:00 AM PDT A series of charts from Ronald Stoeferle at Incrementum AG, and technical analysis from Peter Ullrich both suggest that gold and silver have gone through a bullish correction and are poised for better things ahead. Read more….

Market needs certainty gold will hold at current price levels Posted: 03 Sep 2013 10:00 AM PDT Julian Phillips says the market needs certainty that the gold price will hold at these levels still and once these levels are accepted, prices may rise. Read more….

The New Gold Myth Posted: 03 Sep 2013 09:44 AM PDT Actions have consequences. In the market for any physical good (i.e. a commodity), though the laws of supply and demand can be warped, and their corrective dynamics delayed – through brute-force manipulation – they can never be permanently resisted. For this reason, the Banksters themselves know they are fighting a losing battle with respect to the price-suppression of gold (and silver). They can delay the rise in their prices to fair market value (even to the point of keeping them permanently undervalued), but they cannot eliminate the relentless upward pressure which, one way or another, must result in higher prices. An important part of permanently keeping prices below any rational valuation is to keep market participants ignorant of the actual fundamentals which are producing this upward pressure. In the jargon of the mainstream propaganda machine; this is known as Controlling The Message. If you cannot prevent market participants from forming the view that "bullion prices should be higher"; ensure that this belief is based upon the wrong reasons. With respect to precious metals (and nearly every class of "hard asset" except real estate); these assets are ridiculously undervalued for one absolutely predominant reason: the insane over-printing (and relentless currency-dilution) of our fiat paper currencies. The simple fact that all assets are priced/denominated in this paper is, alone, strongly suggestive that this will be the dominant variable in market pricing for any asset. What elevates this money-printing from merely one of the drivers of precious metals markets to the absolute driver of bullion prices – and the prices of all hard assets – is the sheer magnitude of this money-printing insanity. At the risk of boring regular readers; nothing communicates this point like a picture: A vertical line. U.S. money-printing going straight up, which in the realm of mathematics can only be expressed one way: infinite money-printing (i.e. infinite currency-dilution). "Infinity" as a multiplier, renders all other variables mathematically irrelevant. The money-printing is going straight up, so hard asset prices should be going straight up with it. All other analysis is mere distraction. This point was illustrated in a recent commentary, Three Reasons Why The USD Is Already Worthless. There is not merely a single basis for asserting the U.S. dollar is worthless, today. Rather, there are three separate, concrete, fundamental reasons for concluding that the USD should already be priced at zero/near-zero. Naturally infinite money-printing is (and must be) the strongest of those three bases.

Incredibly Dramatic Developments Happening In Gold & Silver Posted: 03 Sep 2013 08:40 AM PDT Today one of the savviest and most well-connected hedge fund managers in the world warned King World News that increasingly desperate Western central planners have now reverted to plan "B." Outspoken Hong Kong hedge fund manager William Kaye also told KWN that some incredibly dramatic developments are about to take place in both the gold and silver markets. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in part I of his fascinating and powerful interview. This posting includes an audio/video/photo media file: Download Now

Jim Willie: Gold Will Rise to $5,000/ozt. and Beyond & Silver Will Rise Multiples Higher Posted: 03 Sep 2013 07:11 AM PDT In the last several months, the [world economic] crisis has entered a new elevated level of perma-crisis and constant tension, widely recognized as something more serious, more dangerous, and more risk-filled. This new normal is…[neither] without resolution nor the attempt to resolve anything and, as such, is why the price of gold will rise to $5,000 per ounce, then higher, and at the same time, the silver price will rise multiples higher. [Let me explain.] So says Jim Willie (goldenjackass.com) in edited excerpts from his original article* as posted on 24hgold.com entitled 13 Reasons Why Gold Will Hit $5000/oz.  [The following article is presented by  Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.] Willie goes on to say in further edited excerpts: The shortage for Silver is astounding and obvious to analysts and experts, except those who work for banks. The shortage for Gold is more subtle, as thousands of tons have been leased illicitly and, therefore, the accounting is replete with double counting and outright missing accounts in false reporting. The most egregious ledger item is the USGovt gold reserves, listed as deep storage gold, translated to mean some scattered Barrick Gold ore bodies buried in mountain ranges. GOLD PRICE FACTORS [Each of the factors below are expanded upon in the original article* and you are encouraged to go to the link below for greater detail as to the reasoning behind each,] Interest rate derivative meltdown and damaging effects from rising 10-year Treasury Note… Reversal of US Treasury bond carry trade and convexity effect on 10-year Treasury Note… Indirect exchange: US Treasury bond returned to sender and Eastern infrastructure build out, the inflation finally imported after 30 years of its export… Bank bail-in executions and private account confiscation… Fall of House of Saud and demise of petro-dollar and rise of NatGas Co-op… BRICS bank as gold trade central bank and US Treasury bond conversion to gold… US dollar devaluation and global split by defiant foreigners… Banking system meltdown and default of sovereign bonds… Discovery of allocated gold account thefts and 40,000 mission gold tons… Discovery of Western central bank fractional gold management, contrasted with gigantic Eastern central bank gold reserves… Movement away from the traditional US dollar trade settlement and widespread adoption of yuan swap facilities in bilateral trade and climax in gold trade settlement with the new gold standard adoption… Rise of Eurasian trade zone and expansive energy pipelines… Explosive growth in demand for coins, bars, jewelry across the entire world… [Given the above] the people will pay whatever price eventually, and certainly premiums, until Gold is properly priced an order of magnitude higher. The equilibrium in the gold market will come when Gold is above $5000 per ounce. [Editor's Note: The author's views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.] *http://www.24hgold.com/english/news-gold-silver-13-reasons-why-gold-will-hit-5000-oz.aspx (Go to Hat Trick Letter to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces.) Related Articles: 1. Gold:Silver Ratio Suggests Much Higher Future Price for Silver – MUCH Higher! The majority of analysts maintain that gold will reach a parabolic peak price somewhere in excess of $5,000 per troy ounce in the next few years. Given the fact that the historical movement of silver is 90 – 95% correlated with that of gold suggests that a much higher price for silver can also be anticipated. Couple that with the fact that silver is currently greatly undervalued relative to its average long-term historical relationship with gold and it is realistic to expect that silver will eventually escalate dramatically in price. How much? This article applies the historical gold:silver ratios to come up with a range of prices based on specific price levels for gold being reached. Words: 691 Read More » 2. These Sites Are the  BEST Places to Buy Gold & Silver Online – Here's Why Our review of the best places to buy gold online…[are] dependent on what your goal with the gold is — amassing physical bullion for financial security or to speculate on gold prices. Below are strategies and recommended dealers for each approach: Words: 532 Read More » 3. How Will the Price of Gold Evolve Into 2014 and Beyond? A Perspective How will the price of gold develop into 2014 and in the following years? [Read on as] we try a look into the future. Words: 2600 Read More » 4. Gold Projected to Reach $4,000/ozt. Sometime Between Late 2015 & Mid 2017! Here's My Rationale I am not predicting a future price of gold or the date that gold will trade at $4,000, but I am making a projection based on rational analysis that indicates a likely time period for gold to trade at $4,000 per troy ounce. Yes, $4,000 gold is completely plausible if you assume the following: 5. Gold Should Be At $4,666 These Days – Here's Why Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system…and the amount of money printed is absolutely staggering. As a result of this, inflation hedges, particularly Gold, have been soaring…[but] for gold, for example, to hit a new all time high adjusted for inflation, it would have to clear at least $2,193 per ounce. If you go by 1970 dollars (when gold started its last bull market) it would have to hit $4,666 per ounce. Words: 581 6. Alf Field: Gold STILL Targeted to Reach $4,500 – Preceded By Violent Upside Action We now have a really strong probability that the correction which started at $1913 on 23 August 2011 has been completed both in terms of Elliott waves and also in terms of time elapsed. If this is correct, the gold price should soon be expressing itself in violent upside action as it moves into the third of third wave which is still targeted to reach $4,500. [Let me explain in detail (with charts) how and why my most recent analyses confirm my earlier target of $4,500.] Words: 1085 7.  New Analysis Suggests a Parabolic Rise in Price of Gold to $4,380/ozt. According to my 2000 calculations, if interest rates and inflation stay constant over t

Noonan: Gold & Silver Could Move Sideways for Another 1-2 Years – Here’s Why Posted: 03 Sep 2013 07:04 AM PDT Using past history of how price responds, it is likely that gold, and silver, could move sideways for another year or two.  While this flies in the face of so many current, supposedly “expert”, opinions [mine is not based on opinion but, rather, is strictly based on the facts as conveyed by the charts. Take a look and you will see that too!]  So says Michael Noonan (edgetraderplus.com) in edited excerpts from his original article entitled Gold And Silver – Market Says 1 -2 Years Sideways, Not Up. [The following article is presented by  Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.] Noonan goes on to say in further edited, and perhaps in some places paraphrased, excerpts: Such a statement as the above is NOT my opinion. Opinions do not move markets, only executed trades matter. The only opinion that matters is what the market is saying about those who are actually participating, and that shows up as fact when viewed on the charts.   Opinion, sentiment, belief, expectation, none [of those] lead the market but are more reflective of one's mindset, and in the end, it is the market that always has the last word.  From our perspective, it is better to follow the market's lead.  If you have a consistent game plan, profitable results will follow. (A shorter version of the aforementioned is, simply, do not fight the tape! Gold – Quarterly Chart Stand-out wide range bars tend to capture market behavior for the next several time periods, so for a Quarterly, it can be a few years [as the chart below illustrates]: In the 2011 wide range bar noted above, gold traded sideways for 6 more quarters, before being "driven" lower.  The 2nd Q bar, second from the end, is almost equal in size to the range that formed the high.  Using past history of how price responds, it is likely that gold, and silver, will move sideways for another year or two.  As noted on the chart, only some highly unexpected news event could "shock" price out of normal pattern behavior, which is what it would take to get the price of gold and silver to move higher, in line with "expectations" of the PMs community.  A collapse of the fiat Federal Reserve Note would be such a catalyst example.  There is history for that kind of event, taken from the Federal Reserve's model, the Weimar Republic banking system from Germany, which ultimately went wildly amok from its infinite printing binge.  Still, it took some time for it to unravel, as it is for today's criminal bankers gone wild. Given that the New World Order's central bankers have a stronghold, literally, on the Western banking system, that power will not easily be ceded, and that faction will destroy currencies in the process before ever acknowledging their historically proven to be doomed policies are not working except in transferring the Western world's wealth into their greedy hands.  On that score, things are working beautifully, if you happen to be a part of the NWO. [Editor's note: to read Noonan's complete article complete with monthly, weekly and daily charts on gold and silver along with detailed analyses and comments please go here. It is well worth the read for individuals wanting more detailed information.] Other Noonan Articles: 1. Noonan: These Charts Clearly Show What's Happening With Gold & Silver – Take a Look Below is a perfect example of how the charts timed the movement in the price of gold and silver over the past week. Yes, you CAN time the market as this article clearly demonstrates! When the market "talks," we listen.] Read More » 2. Noonan: Window of Opportunity to Buy Physical Gold & Silver Narrowing – Don't Wait, Buy Now! The window of opportunity to buy physical gold and silver continues to narrow.  Like the housing market top was known to be coming, when it came, those who waited too long regretted it.  When the bottom for the physical PMs is known as a certainty, those who waited for a "better price" may also regret that decision.  It is all about choice. Read More »  3. Noonan: The Most Factual Information On Gold & Silver Is Right HERE In an election, it does not matter if voter turnout is high or low, the outcome is determined by the actual votes cast.  The same holds true for the markets.  Only those who make an actual buy or sell decision determine the outcome of the market trend. The market "voters" turn up in charts, recorded in the price range, close, and volume. Collectively, a "story" unfolds, and it usually is an accurate one as it does not include any opinions. Opinions do not matter. Articles written about fundamentals, pundit declarations, etc., all fall under the category of opinions. The market is the best source for information, and that is a fact. Read More »  4. Noonan: "Where's the Beef?"  We See None in the Charts for Gold & Silver …Fiats have an unbroken track record of failing throughout all of history. Gold also has an unbroken track record of being a store of value for over 5,000 years.  Yes, there have been hiccups along the way, and we are in one now.  It is what it is, but what it is is also an incredible buying opportunity at "fire sale" prices….[That being said,]  a look at the charts of the paper-tracked PM market [beg the question]  … "Where's the beef?"  Where is the substance of anything?  We see none in the charts. Take a look. Words: 610; Charts :4 Read More »  5. Noonan's Unique Approach to Technical Analysis Says This About the Silver Market Technical analysis is a measure different from fundamental analysis…and we qualifying our approach with a specialized subset of technical analysis.  How so? We read price and volume behavior, over time, in the form of developing market activity. It is what one sees on a chart, price ranges, close locations, volume, time factor[s], but no more. Below are charts that suggest that the weakness in silver may be coming to an end, sooner now rather than later, but that for now, it is what it is – and what is, is reality. Read More »  6. Noonan: NO Evidence of Change in Downward Trend In Gold & Silver…Yet You will read more and more articles touting how gold and silver have bottomed.  They have not, at least according to price behavior as determined by actual buyers and sellers in the market. Read More »  7. Noonan: Silver Charts Suggest This Could be the Bottom! Charts speak the loudest…and they never lie…[because they are] the true record of all buy and sell decisions executed, coming from the most informed to the least informed.  Most of the problems lie with those who form an opinion, and how they choose to impose it onto what any given chart "says." My understanding of what the quarterly monthly, weekly and daily charts are conveying about the price action of silver is, simply,] “Silver stackers, these lower prices are a gift you should keep on taking.  Stay tuned.” Read More »  8. Noonan: Charts Suggest Potential Support for Gold Down at $1,040 to $1,100 If you want to make rabbit stew, first, you have to catch the rabbit so hopefully, first, we’ll see some concrete signs that a bottom is in before the regurgitation of "Gold is going to $10,000!" starts showing up in a host of new articles pandering for attention. The best way is to decide for yourself…so let us go to the most reliable source, the market, and see what the prices of gold and silver  have to say about what everyone else has been saying about them.  People have been known to exaggerate, even lie in their "opinions," but the market never does either. Read More »  9. Noonan: Charts Suggest NO Ending Price Action In Either Gold or Silver – Take a Look! Not one Precious Metals guru has gotten anything right in the last 18 months.  All have been calling for considerably higher prices.  Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Crystal balls do not work and never have. When it comes to markets, anything can happen [but the charts convey that] there is no apparent ending action suggesting a selling climax or even a cause for a reaction rally. Take a look. Read More » The post Noonan: Gold & Silver Could Move Sideways for Another 1-2 Years – Here’s Why appeared first on munKNEE dot.com.

Gold Price Jumps as Missile Test in Med' Keeps "Syria Risks High" Posted: 03 Sep 2013 05:59 AM PDT The GOLD PRICE jumped $15 from a drop to $1384 per ounce Tuesday morning in London, rising after the Interfax news agency in Russia – political ally of Syria's President Assad – reported two "objects" being fired in the Mediterranean, towards the sea's eastern coast.   The gold price then fell back only to rise and touch $1400 for the first time this week – 2.5% below last Wednesday's 3-month high – as Israel confirmed the launch, saying it was done to test what Reuters calls a "US-funded" anti-missile system.   "As long as Syria stays quiet, I would rather sell rallies [in the gold price] at the moment," says David Govett at brokers Marex.   But "we would also expect [the gold price] to find support on pull backs," says Walter de Wet at Standard Bank in London, "not only because Asian demand is likely to improve with gold below $1400, but also because geo-political risk around Syria remains high and oil prices elevated.   "This may also keep ETF liquidation at bay."   Western investors sold exchange-traded gold funds heavily in the first half of 2013, leading gold ETFs to shed 650 tonnes of bullion.   Holdings have since stabilized some 25% below end-2012's record levels.   Over in Asia and the Middle East notes Commerzbank's commodity research team, "Physical gold buyers who had hugely stepped up their purchases after the gold price collapsed in the spring, appear to be acting opportunistically and with great price sensitivity.   "In the wake of the latest price rise, it seems that they have withdrawn again," says the German bank, pointing to August's drop in US gold coin sales, plus today's news of a 7-month low in Turkey's gold bullion imports.   Reviewing last week's pop above $1430 per ounce as the UK and US debated immediate action against Syria's Assad regime for an apparent chemical weapons attack on civilians, "If air strikes take place gold could well fall," writes Jonathan Butler at Mitsubishi, "and if this takes place against a backdrop of QE tapering, the downwards correction could be sharp."   The US Federal Reserve is widely expected to announce a reduction of its $85 billion-per-month QE program at its policy meeting in two weeks' time.   Meantime, the gold price "should be well supported in the coming days," says Butler. "But Friday's US payroll data may be negative for gold, however."   Asian stock markets rose overnight, with Japan's Nikkei adding 3% and the Shanghai index now regaining half of June's 15% plunge after new data indicated lower new order for China's manufacturers, but strong expecations for the future.   European stock markets held flat overall. Both the Euro and Sterling slipped against the Dollar.   Ten-year US Treasury yields rose to 2.84% as bond prices fell. Brent crude oil added 0.7% to rise above $115 per barrel.   Silver bullion meantime rose further above $24 per ounce, reaching 4-session highs some 5.7% above Monday morning's early low.

Gold steadies ahead of U.S. data, monitors Syria crisis Posted: 03 Sep 2013 05:27 AM PDT 03-Sep (Reuters) — Gold was little changed on Tuesday, as investors held off doing business before U.S. economic data that is expected to provide clues on the Federal Reserve’s policy moves, while uncertainty remains around a possible strike on Syria by the United States. The metal rose to a 3-1/2 month high of $1,433.31 an ounce on Wednesday when a U.S. strike on Syria seemed imminent. But safe-haven demand started to abate after U.S. President Barack Obama decided to seek congressional approval and the UK parliament rejected British participation in any military action. “It is difficult to predict development in the geopolitical situation, but obviously this will be followed by the gold market and if we have a massive crisis prices will rise on the back of it,” Standard Chartered analyst Daniel Smith said. [source]

Gold steady at 1395.05 (+1.41). Silver 24.22 (+0.05). Dollar higher. Euro easier. Stocks called higher. US 10yr 2.82% (+4 bps). Posted: 03 Sep 2013 05:24 AM PDT

Gold, Crude Oil Look to US ISM Data for Direction Cues Posted: 03 Sep 2013 05:01 AM PDT courtesy of DailyFX.com September 03, 2013 01:43 AM Gold and crude oil prices are looking to the US ISM Manufacturing gauge to guide prices amid continued speculation about a “tapering” of Fed stimulus efforts. Talking Points [LIST] [*]All Eyes on US ISM Manufacturing Print Amid Fed “Taper” Speculation [*]Soft US Economic Data Likely to Boost Risk Appetite, Commodity Prices [*]Crude Oil, Gold Continue to be Sensitive to Syria-Related Headline Risk [/LIST] To receive Ilya's analysis directly via email, please SIGN UP HERE Commodity prices are little-changed in European trade as investors look past a quiet local economic calendar toward the US data docket, where the release of Augusts’ ISM Manufacturing gauge begins a busy week of high-profile releases amid swirling Fed “taper” speculation. Economists’ forecasts point to a slight slowdown in factory-sector activity after the measure hit a 25-month high in July. A soft print tha...

Gold Touches $1400 as "High Syria Risks" Meet "Price-Sensitive" Asian Demand Posted: 03 Sep 2013 04:26 AM PDT WHOLESALE London prices for physical gold jumped $15 from a drop to $1384 per ounce Tuesday morning, gaining after the Interfax news agency in Russia – political ally of Syria's President Assad – reported two "objects" being fired in the Mediterranean, towards the sea's eastern coast. The gold price then fell back only to rise and touch $1400 for the first time this week – 2.5% below last Wednesday's 3-month high – as Israel confirmed the launch, saying it was done to test what Reuters calls a "US-funded" anti-missile system.

Aim investors go for gold after Isa rule change Posted: 03 Sep 2013 01:47 AM PDT One month after investors were first allowed to hold Aim stocks in tax-free Isas, it has emerged that gold miners are among their most popular choices.

Propaganda Artists and Fiat Money! All This Is Bullish for Gold Posted: 03 Sep 2013 01:30 AM PDT Kitco

Gold Investing's "Summer Lull" Ends with a Bang Posted: 03 Sep 2013 01:00 AM PDT Investing jumps into autumn, says Gold Investor Index, as price erases June crash...   ALL about Syria? asks Adrian Ash at BullionVault, the online gold and silver exchange.   Gold investing sentiment was positive all summer long amongst Western savers says our Gold Investor Index.   Holding above the 50 level since February 2010 in fact, it shows the balance of private investors choosing to buy gold held stronger from June to August 2013 than it did over those same months last year.   The summer typically does mark a "lull" in gold investing, however. And yes, with the Syrian crisis adding to fresh worries over the US debt-ceiling impasse, the Gold Investor Index rose in August to its best level since April's 16-month high.   The Fed's taper talk meantime did nothing for cash savers besides denting bond and stock investments. Oh, and sparking a rout in emerging markets.   So summer 2013 ended with a stark reminder of the risks which people choose gold investing to defend against. And as the price of gold recovered to $1400 per ounce, erasing the last of June's 15% plunge, we saw BullionVault's measure of investor sentiment rise to 53.8 from July's 10-month low of 52.6.   The Gold Investor Index measures the balance of gold buyers versus sellers on BullionVault's peer-to-peer metals exchange, the world's largest provider of physical bullion ownership online. It peaked at 71.7 in September 2011. A reading of 50.0 would signal a perfect balance of buyers and sellers.   So what the index measures is the investing decision of private savers, rather than the size or weight of their investment. That also rose in August, however, with client gold holdings on BullionVault rising 421 kilos (13,500 ounces) in August – the strongest addition since Dec. 2012.   End-August also saw the strongest week for new users funding their accounts at BullionVault since the end of April. Total inflows of money last week, ready to buy gold or silver, were the strongest since the end of June.   So yes, the risk of Western action in Syria did provoke fresh gold investing amongst private households. But that decision came at the end of a positive summer for gold sentiment. Because the returns to cash, and the outlook for other investments, continue to look so weak 5 years after the collapse of Lehman Brothers. Attachments:  gold-investor-index-august-2013.png gold-investor-index-aug-2013.xls

Gold Investing's "Summer Lull" Ends with a Bang Posted: 03 Sep 2013 01:00 AM PDT Investing jumps into autumn, says Gold Investor Index, as price erases June crash...   ALL about Syria? asks Adrian Ash at BullionVault, the online gold and silver exchange.   Gold investing sentiment was positive all summer long amongst Western savers says our Gold Investor Index.   Holding above the 50 level since February 2010 in fact, it shows the balance of private investors choosing to buy gold held stronger from June to August 2013 than it did over those same months last year.   The summer typically does mark a "lull" in gold investing, however. And yes, with the Syrian crisis adding to fresh worries over the US debt-ceiling impasse, the Gold Investor Index rose in August to its best level since April's 16-month high.   The Fed's taper talk meantime did nothing for cash savers besides denting bond and stock investments. Oh, and sparking a rout in emerging markets.   So summer 2013 ended with a stark reminder of the risks which people choose gold investing to defend against. And as the price of gold recovered to $1400 per ounce, erasing the last of June's 15% plunge, we saw BullionVault's measure of investor sentiment rise to 53.8 from July's 10-month low of 52.6.   The Gold Investor Index measures the balance of gold buyers versus sellers on BullionVault's peer-to-peer metals exchange, the world's largest provider of physical bullion ownership online. It peaked at 71.7 in September 2011. A reading of 50.0 would signal a perfect balance of buyers and sellers.   So what the index measures is the investing decision of private savers, rather than the size or weight of their investment. That also rose in August, however, with client gold holdings on BullionVault rising 421 kilos (13,500 ounces) in August – the strongest addition since Dec. 2012.   End-August also saw the strongest week for new users funding their accounts at BullionVault since the end of April. Total inflows of money last week, ready to buy gold or silver, were the strongest since the end of June.   So yes, the risk of Western action in Syria did provoke fresh gold investing amongst private households. But that decision came at the end of a positive summer for gold sentiment. Because the returns to cash, and the outlook for other investments, continue to look so weak 5 years after the collapse of Lehman Brothers. Attachments:  gold-investor-index-august-2013.png gold-investor-index-aug-2013.xls

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