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- COMEX gold: Will the hedge fund sharks smell blood in the water?
- Is The Financial System Any Safer Or Sounder 5 Years Later?
- Fed QE3-Tapering Impact
- Sprott Resource Announces Sale Of Gold And Continued Buyback
- GEAB N°77 est disponible ! Finance, économie, politique et la situation mondiale fin 2013 : trois étincelles et un baril de poudre
- Magnum Hunter's Hidden Billion Dollar Assets
- Jim Sinclair: Summers to the Rescue Will Send Gold Over $3,500/oz!
- Income From Silver
- Deepcaster: Self-Reliance Investing – Key to Profit & Protection
- This Week In Forex: Review And Preview
- Gold And Silver Now Desperately In Need Of A New Catalyst
- Gold And Silver – Do You Prefer Fundamental Tale Or Technical Reality?
- The costs of a Gold Standard
- PM End of Week Market Commentary- Downtrend Reversal?
- Gold market noticed disclosure about JPM, Pento tells King World News
- $20 ‘absolute bottom’ for silver that was top in August says David Morgan
- Gold going to $2,400 by next summer says hard asset billionaire Eric Sprott
- Goldman’s Currie – Gold Heading Lower due to Improving U.S. Economy
- Damaged Weekly Charts
- Sept 15, 1939 How did Poland’s gold end up in the Bank of England’s vaults?
- Andrew Maguire confirms Gold Manipulation
- Jim Sinclair: Summers to the Rescue Will Send Gold Over $3,500/oz!
- Scandal Brewing as Metals Manipulation Cover-Up Nears Crital Point of Mainstream Awareness!
- James Galbraith, Neil Barofsky, and John Coffee Discuss Lessons from Lehman Meltdown
| COMEX gold: Will the hedge fund sharks smell blood in the water? Posted: 15 Sep 2013 03:00 PM PDT With the gold available for delivery in COMEX warehouses worth only some $885 million, could a hedge fund take it all out and initiate an enormous short squeeze on physical gold. |
| Is The Financial System Any Safer Or Sounder 5 Years Later? Posted: 15 Sep 2013 12:26 PM PDT There have been many articles written over the past two weeks examining the bankruptcy filing of Lehman Brothers, the financial collapse, and the Great Recession…all of which began, we are told, roughly five years ago. The mood, I would say, is captured by the piece by Gretchen Morgenson in the Sunday New York Times, "Five Years Later, The Plumbing is Still Broken." Notice that this is not a question… it is a declarative statement. And, the key to Ms. Morgenson's concern is centered on one market… the repo market. She writes that "for all the new regulations governing derivatives, mortgages and bank holding companies, a crucial vulnerability remains. It's found in our vast and opaque securities financing system, know as the repurchase obligation or repo markets. Now $4.6 trillion in size, it is where almost every financial crisis since the 1980s has begun. Little has been done, however, |
| Posted: 15 Sep 2013 12:00 PM PDT
 The Federal Reserve's upcoming decision on whether to slow its third quantitative-easing campaign's debt monetizations has to be this year's most-highly-anticipated market event. Traders have been trying to game the odds of QE3 tapering literally all year long, driving some sharp market moves. So the Federal Open Market Committee's decision due out next Wednesday is [...] The post Fed QE3-Tapering Impact appeared first on Silver Doctors. |
| Sprott Resource Announces Sale Of Gold And Continued Buyback Posted: 15 Sep 2013 10:53 AM PDT Sprott Resource Corp. (SCPZF.PK) announced on September 6th they had sold a portion of their gold holdings. As shareholders know, SRC's share price has been under immense pressure since releasing 2nd quarter earnings and announcing that it is ending its monthly distribution. As discussed in a previous article, I expected Sprott Resource to sell a portion of its gold (GLD). Below is a look at the drop in share price in recent weeks. Sale of gold holdings SRC was holding 73,971 ounces of gold prior to this announcement at a cost basis of $75.4 million ($981/ounce). Sprott Resource raised $21.1 million in the sale of 14,142 ounces ($1,494 per ounce) which should quiet any concerns about short term liquidity. The sale represented close to 20% of its gold holdings with SRC still maintaining 59,829 ounces of gold. What to do with the cash? Sprott Resource announced that the |
| Posted: 15 Sep 2013 10:21 AM PDT - Communiqué public GEAB N°77 (15 septembre 2013) -  Le soleil de l'été 2013, loin d'avoir apporté l'accalmie que certains espéraient, a continué de chauffer à blanc la finance, l'économie, et surtout la géopolitique mondiale. La pomme de discorde syrienne a montré à quel point la communauté internationale n'en était plus une ; les nouvelles économiques, malgré tous les artifices possibles, refusent obstinément d'annoncer une reprise tant attendue ; la guerre des monnaies a repris de plus belle, touchant de plein fouet les pays émergents ; les taux des obligations souveraines sont maintenant hors de contrôle... L'automne approchant ne calmera malheureusement pas le jeu. La rentrée politique est en effet sous tension à Washington entre discussions sur la Syrie, vote du budget, plafond de la dette, etc. Les dissensions extrêmes entre démocrates et républicains en font la rentrée de tous les dangers. La rentrée financière ne l'est pas moins avec à l'ordre du jour le fameux tapering, c'est-à-dire la diminution progressive du programme d'assouplissement quantitatif de la Fed qui porte pourtant l'économie à bout de bras ; avec les séquelles de la faillite de Détroit ; et avec les grandes banques occidentales qui retirent par nécessité leur soutien au gouvernement américain. Enfin, la rentrée géopolitique promet elle aussi d'être mouvementée: les pays émergents, échaudés par les opérations spéculatives sur leurs monnaies, ne vont certes pas rester les bras croisés, ce qui promet un beau feu d'artifice sur le marché des changes, et ils souhaiteront en outre profiter de leur victoire au sujet de la Syrie pour accroitre leurs prérogatives. Plan de l'article complet : 1. Le feuilleton politique reprend à Washington 2. La Fed perd le contrôle 3. La prochaine Chypre sera américaine 4. Les banques ont lâché le trésor 5. Le grand bluff syrien 6. De Charybde en Scylla 7. Perte d'influence US 8. Émergent : suite et fin du processus de découplage des économies occidentales 9. Japon : recentrage régional 10. L'Europe à la croisée des chemins 11. Le bateau ivre de la gouvernance mondiale Nous présentons dans ce communiqué public les parties 1, 2 et 3. Le feuilleton politique reprend à Washington On avait presque oublié les divergences entre démocrates et républicains tant l'actualité internationale est chargée. Mais ceux que les rebondissements de la série « alerte à Washington» intéressent seront tenus en haleine pendant encore de longues semaines (1). Entre des discussions sur la Syrie (dorénavant sans aucun enjeu mais qui témoignent du coup de poker occidental de l'été comme nous le verrons), le budget 2014 et le plafond de la dette, les républicains vont utiliser tout leur pouvoir de blocage pour obtenir un maximum de concessions de la part d'Obama. Et il va sans dire qu'ils sont prêts à en découdre, que ce soit en sacrifiant la réforme du système de santé US ou en sabrant d'autres dépenses sociales (ou, mieux, les deux) (2). Évidemment, devant les dangers que représente l'absence d'un accord sur ces questions (3), nul doute qu'un compromis sera trouvé à la dernière minute, ou plus vraisemblablement quelques heures voire quelques jours après la date limite. Ce compromis accentuera encore la pression sur les millions d'Américains qui dépendent des aides sociales (4). Néanmoins, le spectacle d'États-Unis déchirés qui va s'offrir à nous est un nouveau coup dur porté à la crédibilité du pays, une fébrilité supplémentaire bien inutile sur les marchés, un jeu bien malvenu avec les nerfs des créditeurs étrangers et en premier lieu la Chine. Ce sera la cacophonie de trop qui mettra un terme à la faible confiance accordée à ce qui reste de la première puissance mondiale. Et sans confiance, le pays perd tout ce qui le maintient en vie. Malheureusement, les lecteurs du GEAB savent que c'est dans la droite ligne de la dégradation inéluctable de l'influence des États-Unis, sur laquelle nous reviendrons car il s'agit d'une grille de lecture indispensable pour comprendre les évolutions mondiales en cours. En deux mots, la politique américaine des mois qui viennent constitue la première des trois étincelles susceptibles d'allumer la mèche connectée au baril de poudre d'une économie mondiale qui n'a pas encore totalement coupé le cordon ombilical avec l'oncle Sam. La Fed perd le contrôle Plus grave, comme nous l'avions annoncé à maintes reprises, les taux des bons du trésor US sont désormais hors de contrôle. Malgré 45 milliards de dollars d'obligations publiques américaines achetées chaque mois par la Fed, malgré une émission réduite de bons du trésor grâce à la diminution du déficit budgétaire de l'administration fédérale, les taux continuent de monter. S'il ne s'agissait que des rumeurs de réduction de QE3, d'une part ils auraient commencé leur hausse après celles-ci, ce qui n'est pas le cas ; d'autre part, qu'une rumeur de réduction de 10% de QE3 provoque une hausse des taux de plus d'un point de pourcentage sur l'obligation à 10 ans augure mal de ce qui se passera lorsque la Fed devra arrêter complètement son soutien.  On comprend ainsi que la Fed ne maîtrise plus rien et que ses effets d'annonce a posteriori servent seulement à faire croire qu'elle contrôle encore la situation. De toute façon, ce QE3 est complètement inutile pour l'économie réelle puisqu'il ne soutient que la formation d'une bulle sur les marchés financiers et dans l'immobilier (5), c'est pourquoi elle ne rechigne pas trop à le réduire en le déguisant en une conséquence d'une soi- disant consolidation de l'économie. Tout n'est plus qu'une question d'image, la seule chose que la Fed réussisse encore à maintenir pour le moment. En réalité elle n'a pas vraiment le choix : outre son bilan qui croît dangereusement, de l'avis général le remède est maintenant considéré pire que le mal en repoussant sans cesse la confrontation à la réalité et l'éclatement des bulles susmentionnées. Sans parler bien sûr de la pression politique exercée sans doute par la Chine et d'autres pays. En outre, la Fed doit plus que tout préserver le rôle international du dollar, ce qui est vital pour l'économie américaine qui ne sortirait pas indemne d'un changement de monnaie de réserve internationale : cela exige notamment de maintenir sa valeur et pour cela d'augmenter l'attractivité des obligations US. Il est ainsi remarquable de constater que malgré les rumeurs d'un tapering dès septembre (6) qui réduirait la quantité de dollars imprimés chaque mois, malgré les rumeurs de guerre en Syrie qui habituellement auraient provoqué une « fuite vers le dollar », celui-ci n'a pas augmenté face à l'euro, preuve qu'il a vraiment besoin d'un coup de pouce pour éviter une dépréciation brutale extrêmement dommageable. Nous reviendrons sur l'absence de «fuite vers la sécurité» provoquée par le risque d'une attaque en Syrie, signe révélateur d'un changement d'esprit très inquiétant pour les États-Unis. Cette perte de contrôle des taux est la seconde étincelle proche du baril de poudre, une énorme étincelle celle-là, qui ressemble plutôt à un chalumeau. La prochaine Chypre sera américaine Mais il n'y a pas que les obligations fédérales qui sont en chute libre. À la suite de la faillite de Détroit, le marché des Munis (obligations municipales américaines) est lui aussi extrêmement tendu (7) comme on le voit à la figure suivante. C'est une situation alarmante pour de nombreuses villes américaines qui va inévitablement amener d'autres faillites retentissantes dans les mois qui viennent. À séparer les dettes municipales et nationales, on affiche certes de meilleurs chiffres, mais on dédouble les risques.  Parmi les prochaines victimes sur la liste des marchés semble figurer le Porto Rico qui se débat déjà avec des taux insoutenables (8). Cela n'est pas sans rappeler l'épisode chypriote, sauf que l'île est trois fois plus peuplée. Et que ça ne se passe pas en Europe mais dans la sphère américaine. Parions que cette fois l'île sera considérée comme insignifiante, contrairement à Chypre. --------- Notes : (1) Source : ABC 7 News, 07/09/2013. (2) Sources : Fox News (27/07/2013), CNN Money (06/09/2013), Huffington Post (10/09/2013). (3) Lire par exemple Fiscal Times (10/09/2013) sur les conséquences d'un blocage concernant le plafond de la dette. (4) Lire par exemple New York Times (05/09/2013) sur la diminution des aides versées à un nombre toujours plus grand de personnes dépendant des bons de nourriture. (5) Pour ne parler que de ses conséquences internes aux États-Unis, les seules qui comptent aux yeux du pays malgré le rôle mondial toujours prépondérant du dollar qui devrait responsabiliser les dirigeants américains sur la scène internationale. Ça n'a jamais été le cas en 40 ans, ce n'est pas lors d'une crise majeure mettant en cause la survie du pays que cela va changer. (6) Source : CNBC, 28/09/2013. (7) Lire par exemple The Future Tense, 29/07/2013. (8) Source : Wall Street Journal, (09/09/2013). |
| Magnum Hunter's Hidden Billion Dollar Assets Posted: 15 Sep 2013 09:45 AM PDT September 12, 2013 Magnum Hunter Resources Corporation Magnum Hunter (MHR) is a mid-tier exploration and production company operating in three exciting unconventional domestic resource plays - the Marcellus, the Utica, and the Bakken. MHR represents a unique value investment with short-to-medium term catalysts via the divestiture of non-core assets, which currently receive little to no recognition in the market. MHR's shares collapsed in early 2013 after the company fell into noncompliance with regard to financial reporting. This period of noncompliance followed a hasty bout of acquisitions in 2012 that undermined the company's internal accounting controls. Although the company was forced to fire its auditor, MHR has once again returned to world of reporting timeliness. It has since completed a transformational divestiture of key assets and begun in a new strategic direction that is likely to realize a substantial amount of shareholder value within the next several months. In this post, |
| Jim Sinclair: Summers to the Rescue Will Send Gold Over $3,500/oz! Posted: 15 Sep 2013 09:27 AM PDT
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| Posted: 15 Sep 2013 08:31 AM PDT Silver investors have had to endure a long couple of years since the violent top in April 2011, but signs have been accumulating for months that the bottom is near. Silver investors have been lured into silver over this time for various reasons, including COMEX gold inventory concerns and backwardation, hyped debt ceiling coverage, Quantitative Easing, European debt market concerns, and Middle East violence. Lately, investors seem to be more interested in buying into stocks that are overbought and overvalued, but offer the greatest excitement for short-term oriented investors. At this point in time, I favor a strategy that allows for income from a core silver position. First, a look at relevant market factors that may affect silver prices: In the coming week, Federal Reserve Bank policy makers will offer a statement regarding monthly bond purchases that may impact markets. The expectations are for a small tapering of stimulus, as |
| Deepcaster: Self-Reliance Investing – Key to Profit & Protection Posted: 15 Sep 2013 08:00 AM PDT
 One of the Crucially Important Lessons of the Housing Bubble Burst of 2008, the Internet Bubble Burst of 2002, the Market Crash of 2008-2009, and Most Crashes and Bursts before these, is that Certain Assets which were widely believed to be Safe, were not. And given today's Uncertainty and Impending Crises, that Truth remains – [...] The post Deepcaster: Self-Reliance Investing – Key to Profit & Protection appeared first on Silver Doctors. |
| This Week In Forex: Review And Preview Posted: 15 Sep 2013 07:18 AM PDT It has been a week where the numbers released have been less important than the continuing events In Syria. The latest meeting between Secretary Kerry and his counterpart, Russian Foreign Minister Sergey Lavrov, have not gone well. And as a precondition to turning over the chemical weapons, Syrian dictator Assad is demanding that the US stop arming the rebels. The threat of an attack on Syria might be postponed, but the Syrian problem will remain an evolving issue. Markets took different paths this week suggesting there is much more at play than the latest posturing about Syria. The US DJIA shrugged off the Mid-East turmoil and climbed about 2.4%, but gold was hit hard, down about 6% for the week. Crude was also lower, but down less than 2% on the week to 108.60. The USD was slightly weaker for the week. A partial reason for the lower USD hay |
| Gold And Silver Now Desperately In Need Of A New Catalyst Posted: 15 Sep 2013 07:04 AM PDT Precious Metals Weekly Market Wrap The bears regained the upper hand in precious metals markets over the short-term as a vicious sell-off on Thursday sent gold and silver prices to their biggest one-day declines in almost three months. Both metals ended higher on Friday, but large sell orders occurring at odd hours the day before inflicted important technical damage as the world awaits a Federal Reserve decision this week on whether it will slow its money printing effort. With Mideast tensions continuing to ease, any "Syrian premium" that helped to drive precious metals higher last month has now vanished, at least for the time being, and this has clearly affected the view of U.S. investors toward gold. After modest inflows in August, small outflows from metal ETFs have now resumed and some U.S. investment banks have lowered their gold and silver price forecasts or reiterated prior bearish calls. Physical demand |
| Gold And Silver – Do You Prefer Fundamental Tale Or Technical Reality? Posted: 15 Sep 2013 04:25 AM PDT A few have inquired about our greater focus on the charts as they pertain to the Precious Metals, of late, a shift of which we have been cognizant. The reason is, it suits our purpose. Our purpose is to pursue profitable trading, and telling "stories" is not always apt, especially when almost all of them have been amply related in the news and written endlessly by cheerleading precious metals [PM] writers and newsletters. Why is an analysis more focused on charts seem like such an obvious question? Last week, we provided a list of nine of the most recognized reasons for viewing gold and silver from a demand side perspective. There are many others you can think of, additionally. [See: It Is Always About One Thing: Timing] Repeating the same things is unnecessary, and those which have been aired so frequently seem not to have had much influence on sustaining higher prices. From a totally different perspective, reminding and/or informing people about the intrinsic qualities in owning gold and silver: rights, title, and interest should have sealed the deal, as it were, as the ultimate reasons for acquiring and owning both PMs. [See: When Precious Metals Bottom Is Irrelevant To Your Financial Health]. What else is needed to enhance the strong demand side of the market, and one that gets stronger with each passing month? Almost everyone is aware of the disappearing gold act sponsored [in stealth hiding] by the central bankers and abetted by lackey PM exchanges, COMEX and LBMA. Yet, on Thursday into Friday, there was another "take-down" in gold and silver futures. Where is all of this demand that is supposed to take price to elevated heights when it counts? Should you believe what you read/hear, or what you actually see? The only problem that keeps PMs suppressed is the proverbial 900 lb gorilla in the room. It would be easier to identify that gorilla as the New World Order, [NWO], but too many do not comprehend/accept/believe that context. People are not capable of differentiating one's country with the corporate government running/ruining it, and the real power behind the corporate government. With over half the population dependent on some form of socialized government hand-out, and almost all of the Main Streeters overdosed on credit, for those politically unaware, but unaware of being unaware, from where is any opposition to government going to come? Central banker/Lying Ben's policy of keeping interest rates artificially low serves one purpose and one purpose only: bail out the corrupt bankers and keep all of the failed banks on resuscitation. The propping up of the banker's massive Ponzi scheme is being accomplished at the destruction of people's wealth. Wealth is not confined just to those in the upper 1%, 5%, or even 10%. Wealth can be applied and defined in more ways than expressed high "dollar" figures. Health is one that rates highly. To the people in Cyprus, Greece, Ireland, and recently Poland, and elsewhere, bankers stealing from individual's accounts, many of whom need what little money they have just to survive from one day/week/month to the next, and those amounts may not qualify them as wealthy, but the amounts mean a wealth to them. The primary functioning arm of the NWO is control of money, and it is accomplished through the central bankers, none of whom have been elected in any representative fashion, but who, nonetheless run/control almost everyone's lives. The reason why we cannot say everyone is because those who own and hold gold and silver are truly independent of government control over how they choose to live, financially. Guess what bankers just did, while you were sleeping? They passed bankruptcy laws that puts derivatives in the highest secured position. First of all, who is responsible for the collapse of so many financial institutions since Lehman and AIG? Bankers! They engaged in high-risk ventures, [really nothing more than scams] that blew up in their greedy faces. A lot had to do with derivatives. Where have the trillions of fiat "dollars" needed to save the economy gone? To those same bankers who failed in what they created. But the unwritten law is, bankers cannot take a loss. Their practice is to reap and keep all the gains and socialize all the losses to the public. What are derivatives? Essentially, derivatives are a contract between two parties dealing in equity, foreign exchange, interest rates, and recently Wall Streets' mortgage securitization Ponzi scheme. Who created these derivatives? Wall Street bankers. Who suffered trillions in losses? Wall Street bankers. Who is footing the bill for these financial disasters? The unknowing American public. The value of the derivative market could be 20 – 30 times the value of the stock market, in the neighborhood of $700 to $800 trillion fiat "dollars." They are also called swaps, credit default swaps, currency swaps, etc. With derivatives now immune from bankruptcy laws, who secures them? Guess what America, you do! How are they secured? By your bank accounts, brokerage accounts, pensions, IRAs, 401ks. Remember M F Global, a few short years ago? Why did people lose billions of dollars? That money went to Wall Street bankers who held tons of high- risk [and worthless] derivative claims that were first-in-line for payoff because bankers passed such a law. After bankers paid themselves for their failed losses, there was no money left to pay those who had deposits in their brokerage accounts. Poof! Vaporized. Gone! We are sure the bankers thank you very much for your generosity in insuring them against all loss exposure. You did agree to it, didn't you? The NWO dictates that you did. Anyone with money in a brokerage account is at risk, to the tune of 100%! Got money in a bank? Any/every deposit you make into a bank is no longer your money. It belongs to the bank, and you are now an unsecured creditor! If the bank fails, and every single major bank has failed, being propped up by government loans, [not money you loaned, but your loss, anyway], your "deposit[s] is/are gone, poof, vaporized. How does the risk is keeping money in a brokerage and bank account stack up, to use a PM term, to owning gold at $1,200, $1,500, or $1,800, and silver at $20, $30, $40? There is no third counter-party risk in owning either metal. None! Neither gold nor silver can go poof on you, get vaporized, or disappear, [unless you hold it in "enemy territory" where it can [and will be] confiscated. With gold and silver, you have 100% interest in, rights and title to their ownership [another mention of When Precious Metals Bottom Is Irrelevant To Your Financial Health]. What other investment affords you 100% backing? It remains the only investment with a history going back over 5,000 years, and it is recognized and accepted around the world. Stop and [re]think. What does $1,300 gold mean? It means instead of requiring the old $35 fiats, or $250 fiats, $500 fiats, you now need 1,300 fiats to purchase the same ounce of gold that used to be just $35. Gold and silver are not going up in value, they are holding relative value. Fiat currency has declined in "value," and you need more and more of the worthless fiats that the 900 pound gorilla NWO is constantly depreciating. Who/What else can exert such "influence" at will in a PM market that is dominated by exceptional demand and limited supply relative to the growing demand? Only the NWO central bankers. What other positive "news" or "new" development have you heard or read about that can rally gold and silver? Why do they continue to be so easily manipulated to the downside, at will and whim? We can think of no other situation or story that has not already been covered, many times over that will cause a sustained rally in gold and silver. As we often say, do not listen to what others are saying about the market, listen to what the market is saying about others. And that information comes from the charts. Write your own bullish scenario for gold, then compare it to what the chart says. Which is to be believed, an incredible tale of demand, or the reality of the chart?
The situation is no different in silver. Do you really need another "bullish story" to enforce your existing belief in silver or gold? If you do, you are reading the wrong analysis. The chart says neither PM has blossomed into a bullish chart picture, and we place our beliefs in what the charts say. Quite frankly, we have run out of bullish reasons and simply prefer the reality of the story of the market, always the best and most reliable source. We expect higher prices will be forthcoming, but not in the way most PM pundits have been "predicting." We offer no predictions. Instead, we read what the market says and endeavor to follow accordingly. For right now, the market is in no pressing hurry to the upside, and it continues to remain susceptible to easy declines. The 900 pound gorilla still holds sway.
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| Posted: 14 Sep 2013 11:00 PM PDT Mises.org |
| PM End of Week Market Commentary- Downtrend Reversal? Posted: 14 Sep 2013 09:01 PM PDT
 After trading down in early trading Friday, gold and silver staged a strong continuous rally into the close. As to why this PM reversal happened three days prior to the Fed meeting – I have no idea. The longer I watch the market, the more I believe that it is not wise to get too [...] The post PM End of Week Market Commentary- Downtrend Reversal? appeared first on Silver Doctors. |
| Gold market noticed disclosure about JPM, Pento tells King World News Posted: 14 Sep 2013 09:01 PM PDT GATA |
| $20 ‘absolute bottom’ for silver that was top in August says David Morgan Posted: 14 Sep 2013 08:21 PM PDT Silver author and highly respected analyst David Morgan talks with Vanessa Collette of GoldSeek.com at Cambridge House’s Toronto Resource Investment Conference about $20 as ‘an absolute bottom’ in any near term sell-off in the market but also points out that silver was the best performing asset class in August. The shiniest of metal remains a highly volatile commodity but one that can make you rich too if you get the timing right… |
| Gold going to $2,400 by next summer says hard asset billionaire Eric Sprott Posted: 14 Sep 2013 08:21 PM PDT Eric Sprott is one of the king’s of resource investment in Canada. He speaks to Vanessa Collette of GoldSeek.com at Cambridge House’s Toronto Resource Investment Conference 2013 held last week. Mr. Sprott is quite certain that gold will be trading at $2,400 an ounce by next summer. Why is he so confident? Where is the next uplift in the gold price going to come from? |
| Goldman’s Currie – Gold Heading Lower due to Improving U.S. Economy Posted: 14 Sep 2013 08:15 PM PDT This is the same Jeffrey Currie that publicly called to short gold ahead of the April 12 smash for gold. Currie says that the key for his negative call is confirmation evidence of the improving U.S. economy. If the data starts to improve that is what Currie thinks will ignite a new down leg for gold. Ergo, we posit that should the economic data in the U.S. show anything but improvement we would expect Mr. Currie to change his forecast then. He apparently stopped short of suggesting that traders short gold this time. Interestingly, Mr. Currie's appearance on Bloomberg happens to coincide with an increase in hedge fund net selling of gold futures in the most recent CFTC commitments of traders data as of September 10. That should surprise no one. Goldman Sachs is well known for jawboning its book.
Source: Bloomberg http://www.bloomberg.com/video/goldman-sees-risk-of-gold-below-1-000-dYDi6HrfTfK1~pUfLTtX_A.html |
| Posted: 14 Sep 2013 05:01 PM PDT Gold Scents |
| Sept 15, 1939 How did Poland’s gold end up in the Bank of England’s vaults? Posted: 14 Sep 2013 05:00 PM PDT History of Gold |
| Andrew Maguire confirms Gold Manipulation Posted: 14 Sep 2013 02:11 PM PDT Matterhorn AM |
| Jim Sinclair: Summers to the Rescue Will Send Gold Over $3,500/oz! Posted: 14 Sep 2013 12:30 PM PDT
 Legendary gold trader Jim Sinclair has sent another email alert to subscribers this weekend, warning that the economy is decelerating throughout the entire Western world, and that the Obama administration attempting to send Summers to the rescue is inflationary, and the result will be gold trading at and above $3,500/oz! Sinclair’s full alert is below: [...] The post Jim Sinclair: Summers to the Rescue Will Send Gold Over $3,500/oz! appeared first on Silver Doctors. |
| Scandal Brewing as Metals Manipulation Cover-Up Nears Crital Point of Mainstream Awareness! Posted: 14 Sep 2013 11:00 AM PDT
 In this week’s Metals & Markets, Ronald Mann, CEO of DNA Precious Metals joins Eric Dubin & The Doc to discuss: Gold & silver’s anticipated correction likely largely over- look for the metals to rally after the initial cartel smash on next week’s FOMC statement Poland nationalizes retirement funds- a preview of things to come [...] The post Scandal Brewing as Metals Manipulation Cover-Up Nears Crital Point of Mainstream Awareness! appeared first on Silver Doctors. This posting includes an audio/video/photo media file: Download Now |
| James Galbraith, Neil Barofsky, and John Coffee Discuss Lessons from Lehman Meltdown Posted: 13 Sep 2013 11:39 PM PDT I have to confess that given the length of this panel discussion presented by Better Markets, I’ve looked only at the start, which is quite promising. Given the caliber of the participants, I’m hoping to get to it over the weekend, since it will be a departure from the bromides the MSM seems to be serving up on this anniversary of the Lehman collapse. This talk is oriented towards a discerning audience and offer more insider detail. |
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