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• Is the tide turning for junior gold stocks?
• Cost-cutting AngloGold keeps long-term options open
• Kazakhstan says on track to open third gold refinery by year-end
• UPDATED: Primero Mining raises guidance on strong gold production, grades
• Doc Eifrig: Two spices every aging man should add to his diet immediately
• Doc Eifrig: How to protect yourself from the most dangerous threat to your privacy today
• Doc Eifrig: How to take control of your retirement money NOW
• Doc Eifrig: How to turn ongoing government dysfunction into GREAT news for you
• Doc Eifrig: How to avoid invasive TSA screenings and pat-downs the next time you travel
• Doc Eifrig: This simple technique can save your life in a mass shooting
• Endeavour Silver Management Discusses Q3 2013 Results - Earnings Call Transcript
• Mercenary Links Nov 6th: Germany’s Weight on the World
• Jeff Christian Calls Gold Conspiracies 'Garbage,' Sees Price Boost From Mining Cutback
• Allied Nevada Gold Management Discusses Q3 2013 Results - Earnings Call Transcript
• USD/CAD - Loonie Moves Higher As Ivey PMI Soars
• GBP/USD - Pound Heads Higher On Solid Manufacturing And Housing Data
• AUD/USD - Edges Higher As Trade Balance Improves
• Doc Eifrig: Don't EVER make this income investing mistake
• IMF Denies Making Wealth Tax Proposal: “It’s an Analytical Work”
• How Deep Is High?
• Central Bank And Government Incentives Are Gold’s Catalyst
• The US Dollar, The Euro and Their Influence on Gold Prices
• Since JFK, Sinister Forces are Removing Liberty in America
• TF Metals Report: Digging deeper into the gold ETFs
• Precious Metals and the Lost Generation
• Dull trade leaves gold, silver dead flat midweek, chartists split on medium term
• A silver lining in India
• Perth mint gold coin and bar sales advance in October on price dip
• Caption Contest Wednesday!
• Is the gold rally over?
• Our Era’s Definitive Dynamic: Diminishing Returns
• Gold prices see fragile floor
• Gold, Tapering, & The Middle Class
• Do These Words Resonate With You?
• Digging Deeper Into The Gold ETFs
• Open Letter To Bart Chilton
• $1.89 Over Spot for Silver Maples? Only at SDBullion!
• Perth Mint Gold Coin And Bar Sales Advance in October On Price Dip
• Coming of QE5 & Much Higher Precious Metals Prices
• Gold price being kept in check by the 100 day moving average… for now
• It’s Manure Tainted Pitchforks vs. Hai Karate Cologne
• Perth Mint Gold Coin And Bar Sales Advance in October On Price Dip
• Last 2 Months Of VAT Free Purchases Of Silver Coins in Europe
• India’s Demand to Buy Silver Doubles on Gold Ban
• Three King World News Blogs
• CFTC Commissioner Bart Chilton Calls it Quits
• Worries Boost Sales of American Eagle Gold Coins
• Swiss authorities open criminal probe into Swiss gold refiner Argor-Heraeus
• Indian gold premiums fall, imports for domestic use resume
• India's Demand to Buy Silver Doubles on Gold Ban, Price Drop

Is the tide turning for junior gold stocks? Posted: 06 Nov 2013 05:33 PM PST The AIM and TSXV junior mining indices appear to be flattening, or even beginning to pick up. Is this the time for investors to move in again, or is it another false dawn?

Cost-cutting AngloGold keeps long-term options open Posted: 06 Nov 2013 05:33 PM PST Higher grades, increased production and lower costs helped the gold miner return to profit in the third quarter.

Kazakhstan says on track to open third gold refinery by year-end Posted: 06 Nov 2013 05:24 PM PST The new plant which will be run by the country's state-owned miner, Tau-Ken Samruk, will have a refining capacity of 25 tonnes of gold a year, officials have said previously.

UPDATED: Primero Mining raises guidance on strong gold production, grades Posted: 06 Nov 2013 05:00 PM PST Here's the guts of a guidance increase and notes on potential M&A action raised by Primero's Conway in a quarterly conference call.

Doc Eifrig: Two spices every aging man should add to his diet immediately Posted: 06 Nov 2013 01:06 PM PST Editor's note: Today's Crux is a special one... As we mentioned yesterday, our friend and colleague Doc Eifrig, editor of the incredibly popular Retirement Millionaire and Retirement Trader services, is launching a brand new service called Income Intelligence. Income Intelligence is designed specifically to help readers maximize every dollar of income possible from their investments. Today, in honor of Doc's new service, we're passing along some of his all-time best and most popular advice. We hope you enjoy it.   From Dr. David Eifrig in Retirement Millionaire:   Add a little turmeric to your diet the next time you have achy joints. Turmeric is a spice used in curry. It also gives mustard its yellow color. Turmeric acts as an anti-inflammatory, which can relieve joint pain, improve digestion, and protect against memory loss. The benefits come from curcumin – a primary chemical in turmeric.   The spice has been used for centuries for its medicinal qualities. And now, research on turmeric and curcumin is gaining steam. Last year, a study from the journal Diabetes Care found that regular use of turmeric can prevent Type 2 diabetes. Participants in the study were pre-diabetic. Those who ate turmeric still had not developed diabetes after nine months.   So how can you add turmeric to your diet if you're not a fan of curry? You can use it as a spice on salads, in soups, and on rice. And if you use it with black pepper, you'll get even more of the benefits, as pepper helps your body absorb more of the nutrients from the spice.   Another beneficial spice to keep in your pantry is oregano. Last year, Long Island University researchers found that a chemical in oregano – called carvacrol – kills prostate cancer cells. Carvacrol triggers a reaction known as apoptosis, which causes a cell to kill itself. For years, the health benefits of oregano have been studied, including its anti-inflammatory properties. But this new research could be life-changing for men with prostate cancer.   If not caught, prostate cancer is a deadly disease... it kills 30,000 men a year. While you're more likely to die of something else even when you have prostate cancer, the treatments used for it are harsh. They can damage your quality of life more than the cancer will. The treatment options can come with some discouraging side effects: sterility, urinary incontinence, and even impotence. Prevention is key. I'm adding oregano to my diet whenever I can.   Crux note: If you've benefited from Doc's advice like we have, you absolutely have to see what he's discovered now. After 18 months of research, he's uncovered 10 powerful "Timing Triggers" for income investors. These proprietary indicators can pinpoint the exact right moments to buy – and sell – any income investment... and can multiply your gains 700%... 1000%... even 2000% in some cases. Now Doc is ready to reveal them all – FREE of charge – during a special live training session tomorrow night at 8 p.m. There's still time to claim your spot for this historic event. Please click here for details.   More on health:   Doc Eifrig: Treating high cholesterol could have an unexpected and terrible side effect   New medical breakthrough provides hope for receding hairlines   New study shows these junk foods could be as addictive as crack cocaine

Doc Eifrig: How to protect yourself from the most dangerous threat to your privacy today Posted: 06 Nov 2013 01:06 PM PST Editor's note: Today's Crux is a special one... As we mentioned yesterday, our friend and colleague Doc Eifrig, editor of the incredibly popular Retirement Millionaire and Retirement Trader services, is launching a brand new service called Income Intelligence. Income Intelligence is designed specifically to help readers maximize every dollar of income possible from their investments. Today, in honor of Doc's new service, we're passing along some of his all-time best and most popular advice. We hope you enjoy it.   From Dr. David Eifrig in Retirement Millionaire:   Three powerful forces have come together to dismantle the privacy of U.S. citizens...     First, government programs and regulations have formed the foundation of a massive tracking grid for all individuals. It has passed laws that give it sweeping "snooping" authority... It can now legally peer deeper into our daily lives than ever before.   Second, corporations collect huge amounts of our personal data to aid in marketing. The government can also force them to hand over customer records. In essence, banks, Internet service providers, airlines, car-rental agencies, cell-phone companies, and more have become proxy agents of the government's domestic intelligence apparatus.   Third, we live in a hyper-connected technological age... Smartphones, "cloud" computing, and credit cards have made it easier than ever to rob someone's resources... even his or her identity. This provides unprecedented opportunity for crooks to use your data against you.   This "new" America is a dangerous place. But there are simple steps you can take to protect yourself and your family. I'll share several with you today...   In a recent Wired article, one of the magazine's senior writers described how a hacker "dissolved" his online data:   In the space of one hour, my entire digital life was destroyed. First my Google account was taken over, then deleted. Next my Twitter account was compromised, and used as a platform to broadcast racist and homophobic messages. And worst of all, my AppleID account was broken into, and my hackers used it to remotely erase all of the data on my iPhone, iPad, and MacBook.   Among the casualties in this "digital massacre" was every digital photo he had of his newborn daughter's first year of life.   The hacker exploited a weakness in Apple's security measures. But as the writer discovered, he could have prevented the worst of the damage...   The No. 1 way people's accounts are hacked has nothing to do with the actual password. It has everything to do with the password "recovery tools." These are systems e-mail providers and online stores have in place to help you if you've forgotten your password.   It turns out, every day, folks are providing hackers an easy way to exploit these recovery tools... They're signing credit-card receipts.   Credit card receipts "X out" all but the last four digits of your credit card number. You may think this provides a strong degree of security. Think again. In Apple's case, the recovery tools require the last four digits of the credit card linked to the account and the account holder's billing address.     Addresses are easily attainable via public record searches. Combine this with the last four digits of a credit card and voila, you have taken over access to someone's AppleID. And it's not just Apple that works like this... any number of corporations have similar programs.   But there is a solution...   From now on, whenever you use your credit card, always black out the last four digits on your receipt. Do this on the business copy as well as your own. If anyone hassles you, explain you have a legal right to do so. The digital transaction has already occurred... you are just keeping your personal data private.   Another major weakness in password "recovery tools" is the "security questions." These are often mundane questions like "What town were you born in?" or "What is your mother's maiden name?"   A simple search of public records and social networking sites (like Facebook) should yield these answers. At the very least, it will give a hacker a short list from which to deduce the correct answers.   But there is a solution...   Do NOT supply answers to these easily identifiable questions.   If you're given the option to choose your own recovery question, make it a tough one. Make it nonsensical. Make it something that only you would know. And if you have no choice but to use the stock questions provided, give false answers.   For example, if the question asks for your mother's maiden name, make up a name like "MacSmithowitz." Keep the answers written down on paper (never in digital form), in a secure location that only you can access.   Finally, the biggest "recovery tool" weakness is your primary e-mail account. That's because on the Internet, all "roads" lead to your e-mail address. It's the nexus of your online environment.   A hacker with access to your e-mail can immediately gain access to your other accounts by resetting their passwords. (The confirmation e-mails for these are sent to your primary account, which he now has control over.)   He can also change the password and shut you out from it... peruse financial data and gain partial account numbers, like the last four digits of your credit card and Social Security numbers... rummage through all your private data, including photos, videos, and more... gain access to your cloud-based files and devices... and delete things of value to you.   This is exactly what happened to the Wired writer.   But there is a solution...   First, NEVER "daisy chain" your passwords. This means do NOT use the same password for every account you own. A compromise of one means a compromise of all.   Also, NEVER select "remember me" or "keep me signed in" on your e-mail website. (This allows others who use the same computer to access your e-mail without needing a password at all.)   And if it's offered, ALWAYS use "two-factor" authentication. For example, in order to log in, you might need your password plus a code sent to an alternate e-mail or mobile device that is associated with your account.   All these steps may take a little extra time and effort. But think about it this way... Let's say you own a rare, jeweled necklace. Would you leave this out on a table in your front yard, just so others could admire its beauty? Or would you take steps to keep it safe?   In the modern age, your personal information is more valuable than exquisite jewelry. And the strategies I showed you today are a few easy ways to keep it safe. You should put them into practice immediately.   Crux note: If you've benefited from Doc's advice like we have, you absolutely have to see what he's discovered now. After 18 months of research, he's uncovered 10 powerful "Timing Triggers" for income investors. These proprietary indicators can pinpoint the exact right moments to buy – and sell – any income investment... and can multiply your gains 700%... 1000%... even 2000% in some cases. Now Doc is ready to reveal them all – FREE of charge – during a special live training session tomorrow night at 8 p.m. There's still time to claim your spot for this historic event. Please click here for details.   More on privacy:   This U.S. senator could be "public enemy No. 1" for privacy in America   "Minority Report is here": New face-scanning technology being rolled out for a surprising purpose   More than e-mail: global commerce, banking systems, trade secrets, medical records all at risk

Doc Eifrig: How to take control of your retirement money NOW Posted: 06 Nov 2013 01:06 PM PST Editor's note: Today's Crux is a special one... As we mentioned yesterday, our friend and colleague Doc Eifrig, editor of the incredibly popular Retirement Millionaire and Retirement Trader services, is launching a brand new service called Income Intelligence. Income Intelligence is designed specifically to help readers maximize every dollar of income possible from their investments. Today, in honor of Doc's new service, we're passing along some of his all-time best and most popular advice. We hope you enjoy it.   From Dr. David Eifrig in Retirement Millionaire:   Don't trust your employer to do what is best for your retirement.   Recently, Hostess Brands – the bankrupt baked goods company – admitted to using workers' pensions to pay for company operations. Not only was Hostess misusing retirement funds, the company missed over $20 million in pension payments.   If you're over 40 years old, you may have a "pension," also known as a defined-benefits plan. It's a retirement account that your employer funds and controls. When you retire, your employer agrees to give you either a lump sum of money or monthly payments.     With a pension, you have zero control over what happens. You can't increase or decrease the amount that's being invested. Companies also hire managers who oversee where pension money is invested, and the fees they charge dilute returns. Plus, if you die right after you retire, your dependents might get nothing.   But there is a solution...     You can move money from your pension into a self-directed IRA.     This gives you total control of your money. You get to grow your money tax-free, just like a pension... but there's no limit on how much you can make.   A self-directed IRA is exactly what it sounds like... It puts you in charge of what you invest in. In addition to the conventional investments you can make in a typical IRA – like stocks, bonds, and covered calls (something I regularly recommend to my Retirement Trader readers) – a fully self-directed IRA allows you to invest in many other assets, including real estate, private stocks, businesses, and even precious metals.   You can invest in just about anything, as long as it's not employed for your personal benefit. This simply means you must avoid any conflicts of interest. You can't, for example, invest in companies you have a 50% interest in. But you can buy the house next door through your IRA and then rent it to a neighbor. You can also invest in a local small business (again, as long as it's not your own).   I use my self-directed IRA to generate income by selling stock options. When I use this account for options trading, I don't have to follow any accounting or tax requirements.   In fact, if you do all your trading inside a retirement account, you don't have to report any trades to the IRS. The goal is simply to maximize your total returns as quickly and as easily as you can... And get better returns than a pension could offer.   There are two ways to move your pension to an IRA...     One is to "roll over" the pension directly into an IRA. The broker or custodian you're opening an IRA with should have all the necessary forms for you to fill out. I have mine with Fidelity and TD Ameritrade.   You can also take a lump-sum payment on your pension and then move the funds into an IRA. If you do this within days of taking the lump sum, you'll avoid being taxed on the money and the 10% early withdrawal penalty. (If you can just roll over the pension directly, you don't risk incurring taxes and penalties.)   However you do it, don't wait. Why leave your pension – the money you're counting on for retirement – in someone else's hands?   Crux note: If you've benefited from Doc's advice like we have, you absolutely have to see what he's discovered now. After 18 months of research, he's uncovered 10 powerful "Timing Triggers" for income investors. These proprietary indicators can pinpoint the exact right moments to buy – and sell – any income investment... and can multiply your gains 700%... 1000%... even 2000% in some cases. Now Doc is ready to reveal them all – FREE of charge – during a special live training session tomorrow night at 8 p.m. There's still time to claim your spot for this historic event. Please click here for details.   More on retirement:   A secret retirement danger most people never consider   PHOTOS: From rags... to riches... to an estate sale this weekend   Must-see report: What your healthcare will really cost in retirement

Doc Eifrig: How to turn ongoing government dysfunction into GREAT news for you Posted: 06 Nov 2013 01:06 PM PST Editor's note: Today's Crux is a special one... As we mentioned yesterday, our friend and colleague Doc Eifrig, editor of the incredibly popular Retirement Millionaire and Retirement Trader services, is launching a brand new service called Income Intelligence. Income Intelligence is designed specifically to help readers maximize every dollar of income possible from their investments. Today, in honor of Doc's new service, we're passing along some of his all-time best and most popular advice. We hope you enjoy it.   From Dr. David Eifrig, editor, Retirement Trader:   Our faithful Washington politicians are causing serious trouble in the stock market... And I love it.   Now don't get me wrong... I hate the political theater and endless dysfunction of our Congress.   But as an investor, I couldn't be happier that the benchmark S&P 500 stock index is down about 3% since September 18. This is doubly true as an option-seller. Times like this add a little jet fuel to our strategy in Retirement Trader.   Let me explain...   An option trader can't design a better scenario than a short dip in the markets followed by a rally. We enter positions at a lower price, and then ride them up, locking in gains. Plus, the extra volatility means we collect more income upfront for opening our trades. That's exactly the situation we have today.   You may be concerned that this dip will turn into a larger bear market. But I'm not concerned yet.   The current government shutdown stems from a disagreement on a short-term budget. It's annoying and troublesome, but history tells us the markets will bounce back.   And here at Retirement Trader, we look at the facts. Take a look at the 1995-1996 shutdown...     As you can see, government shutdowns can send the market down. But stocks quickly rally.   And take a peek at the many other times the crazies in Washington have threatened a shutdown since 1981...   Shutdown Date 3-Mo. S&P 500 11/20/1981 -8.3% 9/30/1982 13.9% 12/17/1982 8.7% 11/10/1983 -7.0% 9/30/1984 1.0% 10/3/1984 0.6% 10/16/1986 14.1% 12/18/1987 7.7% 10/5/1990 2.1% 11/13/1995 9.8% 12/15/1995 41.4% Average 7.6%   The market reaction varies, but the overall trend is clear... From the start of the shutdown (or threatened shutdown), the S&P 500 rose an average of 7.6% over the next three months – an incredible 30% on an annualized basis.   Wrapped up in the budget debate is whether Congress will raise the self-imposed debt ceiling and allow the government to issue more debt by October 17. If it doesn't, the U.S. would be in jeopardy of missing debt payments and defaulting. That could cause a bigger fall in markets. Just how big, we don't know.   I'm sure Congress will cut a deal to avoid this sort of default. [Editor's note: They did strike a deal just days after this was originally published, exactly as Doc predicted.]   The truth is, plenty of cash is flowing into the Treasury's coffers to keep things going for a while longer... months, even. And ultimately, the consequences of default are just too great. It's the sort of pressure that politicians need to get them working on the country's main problem – spending more than they take in revenues.   The most likely path from here – that this dip turns into a rally – plays perfectly for smart traders...   Crux note: If you've benefited from Doc's advice like we have, you absolutely have to see what he's discovered now. After 18 months of research, he's uncovered 10 powerful "Timing Triggers" for income investors. These proprietary indicators can pinpoint the exact right moments to buy – and sell – any income investment... and can multiply your gains 700%... 1000%... even 2000% in some cases. Now Doc is ready to reveal them all – FREE of charge – during a special live training session tomorrow night at 8 p.m. There's still time to claim your spot for this historic event. Please click here for details.   More trading insight:   How Doc Eifrig really achieved the greatest track record in financial newsletter history   How to find incredibly profitable set-ups in a "sideways" market   Porter Stansberry: Do this ONE THING right now... and make MUCH more money in stocks

Doc Eifrig: How to avoid invasive TSA screenings and pat-downs the next time you travel Posted: 06 Nov 2013 01:06 PM PST Editor's note: Today's Crux is a special one... As we mentioned yesterday, our friend and colleague Doc Eifrig, editor of the incredibly popular Retirement Millionaire and Retirement Trader services, is launching a brand new service called Income Intelligence. Income Intelligence is designed specifically to help readers maximize every dollar of income possible from their investments. Today, in honor of Doc's new service, we're passing along some of his all-time best and most popular advice. We hope you enjoy it.   From Dr. David Eifrig in Retirement Millionaire:   The federal Transportation Security Administration (TSA) changed passenger-screening policies in 2010. From then on, travelers were forced to submit to irradiating "full body scanners" that amount to a virtual strip search.   These machines are so invasive, they were even held up for a time in the United Kingdom...   The graphic images they provided violated the UK's child pornography laws. And this doesn't even count the machines' harmful health effects.   If you're traveling through an airport and want to avoid the radiation exposure and the dehumanizing search, you can "opt out." In this case, you must endure an invasive "pat down" search, where a TSA screener lays hands all over your body.   It's hard to believe these degradations now happen in "the land of the free."   But there is a solution...   The TSA has initiated a "trusted traveler" program. It's called "TSA Pre-check."   Travelers who enroll in the program must undergo a background check and pay a $100 fee. The background check lasts for five years.   After approval, Pre-check travelers can go through expedited screening lines about 80% of the time. These lines somewhat mimic the bygone days of air travel, including:   · Keeping shoes, belts, and light jackets on · Leaving laptops and toiletry bags in carryon items · Greatly reduced time in line (a recent Minneapolis screening took about 30 seconds)   Not every airport and every airline is a part of the program, but the number is growing. By the end of 2012, six airlines and 35 airports will participate in the program. Further expansion will happen throughout 2013.   Pre-check is not open to all passengers yet... but there is a "back door" way into the program.   Travelers enrolled in the Customs and Border Patrol (CBP) program called "Global Entry" are eligible for Pre-check. In fact, I've just recommended my brother and sister take advantage of this. You can learn more about both programs here.   Participating in the Pre-check program is not a perfect solution. The TSA can still subject you to radiation scanning and/or pat downs. But your odds of having a simple travel experience are improved. For some, this is well worth the background check and application fee.   Crux note: If you've benefited from Doc's advice like we have, you absolutely have to see what he's discovered now. After 18 months of research, he's uncovered 10 powerful "Timing Triggers" for income investors. These proprietary indicators can pinpoint the exact right moments to buy – and sell – any income investment... and can multiply your gains 700%... 1000%... even 2000% in some cases. Now Doc is ready to reveal them all – FREE of charge – during a special live training session tomorrow night at 8 p.m. There's still time to claim your spot for this historic event. Please click here for details.   More on air travel:   The No. 1 factor that determines whether you'll live or die in a plane crash   One of the dumbest rules for air travelers is finally being reversed… sort of   Thirteen "secrets" airlines don't want you to know

Doc Eifrig: This simple technique can save your life in a mass shooting Posted: 06 Nov 2013 01:06 PM PST Editor's note: Today's Crux is a special one... As we mentioned yesterday, our friend and colleague Doc Eifrig, editor of the incredibly popular Retirement Millionaire and Retirement Trader services, is launching a brand new service called Income Intelligence. Income Intelligence is designed specifically to help readers maximize every dollar of income possible from their investments. Today, in honor of Doc's new service, we're passing along some of his all-time best and most popular advice. We hope you enjoy it.   From The Daily Crux:   High-profile shootings like the tragedy at the Washington Navy Yard and the recent shopping mall shooting in Kenya dominate the headlines... but FBI statistics show that violent crime has been in a steady decline in America over the last two decades. In fact, the Justice Department reports 2012 saw the lowest total number of violent crimes in the U.S. since 1979.   It's important to recognize that perceptions can be different than reality. The U.S. is one of the safest, best places on earth. We cannot give in to the hype and fear bantered about by the mainstream media.   Still, should you ever find yourself in a mass shooting-type incident, there is a simple technique you can use to minimize your chance of getting wounded or killed.   The following is an excerpt from Dr. David Eifrig's multifaceted survival guide. It's called The Doctor's Protocol Field Manual...   7. Shooting.   The odds of getting caught up in a mass shooting incident are astoundingly low. Despite the recent flurry of high-profile incidents, it’s unlikely you will ever need to utilize the following technique.   • If you are in a public area and someone starts shooting, try to evacuate if at all possible. If you cannot escape, lie down on the floor, face down. • Point your feet in the direction of the shooter.   • Turn your head away and cover it with your hands. This will reduce the size of your target profile. It will minimize the likelihood of a bullet hitting any of your vital organs.     This simple tip is just one of the special "Secrets of Survival" pointers included at the back of the manual. It contains advice Doc's research team culled from essays and interviews with emergency responder professionals. The information they reveal may shock you... because there are simple steps you can take to vastly improve your odds of survival in any number of disaster situations.   Our patronizing government and many large corporations don't want you to know about these tips, because they fear it will create panic... but wouldn't you rather know exactly how long you have to don your oxygen mask in a depressurized airplane (it's shorter than you think) or the No. 1 threat to your family's safety (it's not what you expect)? Doc reveals all this information and much more (like how to harness a crisis for your financial advantage) inside this must-have survival guide.   Crux note: If you've benefited from Doc's advice like we have, you absolutely have to see what he's discovered now. After 18 months of research, he's uncovered 10 powerful "Timing Triggers" for income investors. These proprietary indicators can pinpoint the exact right moments to buy – and sell – any income investment... and can multiply your gains 700%... 1000%... even 2000% in some cases. Now Doc is ready to reveal them all – FREE of charge – during a special live training session tomorrow night at 8 p.m. There's still time to claim your spot for this historic event. Please click here for details.   More on preparedness:   The No. 1 factor that determines whether you'll live or die in a plane crash   Expert advice on avoiding the epidemic of burglaries and home invasions   Six ways to defend yourself when a gun is not an option

Endeavour Silver Management Discusses Q3 2013 Results - Earnings Call Transcript Posted: 06 Nov 2013 01:02 PM PST Endeavour Silver (EXK) Q3 2013 Earnings Call November 06, 2013 1:00 pm ET Executives Meghan Brown - Director of Investor Relations Bradford James Cooke - Chief Executive Officer and Director Daniel W. Dickson - Chief Financial Officer and Principal Accounting Officer Godfrey J. Walton - President, Chief Operating Officer and Director Analysts Benjamin Asuncion - Haywood Securities Inc., Research Division Chris Lichtenheldt - Dundee Capital Markets Inc., Research Division Joan E. Lappin - Gramercy Capital Management Corp. Chris Thompson - Raymond James Ltd., Research Division Paul Renken - VSA Capital Limited, Research Division Presentation Operator Welcome to the Endeavour Silver Third Quarter 2013 Financial Results. [Operator Instructions] the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions] At this time, I'd like to turn the conference over to Meg Brown, Director of Investor Relations. Please go ahead. Meghan Brown Thanks, operator. Good

Mercenary Links Nov 6th: Germany’s Weight on the World Posted: 06 Nov 2013 12:43 PM PST Mercenary Links Nov 6th: Germany’s deflationary impact… China’s overcapacity bubble… Tesla starving North American demand… pondering Twitter’s worth, Toronto’s crack-smoking mayor, and more. Germany is a weight on the world – FT.com ~~~ Eurozone data shows fragile economic growth The European Central Bank's Inflation Conundrum – NYTimes.com Berlusconi: “My Children Feel Like Jewish Families In Germany Under Hitler’s Regime” In clearest statement yet, Tsipras says he’d keep euro - Macropolis ~~~ China Admits It Has An Overcapacity Bubble - Zero Hedge Too Big to Breathe? – NYTimes.com Q&A: What Is China’s 3rd Plenum – Business Insider ~~~ Wall Street slumlords' new scheme: How they could wreck the economy again Fitch Warns Of Housing Bubble, “Unsustainable” Jump = Prices 17% Overvalued Two potential headwinds for the US housing market ~~~ Warning Signs Flash as Stock Market Soars to Records – WSJ.com Individual Investor Bullishness hits 6 Year High - PRAGMATIC CAPITALISM ~~~ Fed Study: Lengthen Low-Rate Guidance to Fix Unemployment Faster – WSJ.com ~~~ Tesla Starves North American Demand – Business Insider Mercedes-Benz October sales rise 15.3 percent to reach new record ~~~ What Is Twitter Worth – Business Insider Twitter IPO More Expensive Than Facebook Without Profits – Bloomberg ~~~ Exclusive: Microsoft narrows CEO shortlist; Mulally, Elop make the cut - Reuters Dish Network to Close Remaining Blockbuster Stores – WSJ.com Marvel Comics Introducing a Muslim Girl Superhero – NYTimes.com ~~~ Ivory Coast ‘cocoa barons’ jailed for embezzling money ~~~ Terry McAuliffe, Democrat, Is Elected Governor of Virginia in Tight Race De Blasio Is Elected New York City Mayor in Landslide – NYTimes.com Five Big Takeaways From Election Results – Washington Wire – WSJ ~~~ Toronto Mayor Admits Crack Use, as Wild Ride in Office Continues Suicide Ends Long Night of Chaos Inside New Jersey Mall – NYTimes.com Why Eminem Matters Right Now – Elias Leight – The Atlantic Recent Mercenary Links (scroll for archives) (select a post)Mercenary Links Nov 6th: Germany's Weight on the WorldMercenary Links Nov 5th: The Airbnb EconomyMercenary Links Nov 4th: The Bond King Gets DethronedMercenary Links Nov 3rd: Shovel Not ReadyMercenary Links Oct 31st: The Midwest is the BestMercenary Links Oct 30th: Not Off the TableMercenary Links Oct 29th: Gold in the ColdMercenary Links Oct 28th: Six-Year PeaksMercenary Links Oct 27th: Could Cheap Crude Kill the Shale Boom?Mercenary Links Oct 24th: Retirement Doesn't Work That WayMercenary Links Oct 23rd: Looming Defaults and a Sick CATMercenary Links Oct 22nd: Oil Fall Down Go BoomMercenary Links Oct 21st: Higher We Go (On Margin Hi-Ho)Mercenary Links Oct 20th: Boom-era Debt as Businesses Fret p.s. Like this article? For more, visit our Knowledge Center! p.p.s. If you haven't already, check out the Mercenary Live Feed!

Jeff Christian Calls Gold Conspiracies 'Garbage,' Sees Price Boost From Mining Cutback Posted: 06 Nov 2013 12:41 PM PST CPM Group founder discusses gold and silver. In 1986, Jeffrey Christian founded CPM Group after serving as head of commodities research at J. Aron & Co., which was acquired by Goldman Sachs. Christian, a frequent media commentator, is recognized as a leading authority on gold and on commodities in general. HAI Managing Editor Sumit Roy spoke with Christian this week about price manipulation and the fundamentals of the gold market. HardAssetsInvestor: Let's start off by discussing the story that's been making waves recently, the controversy between you and Andrew Maguire. Could you tell us the back story for those who may not be familiar? Who is Maguire? What is his relevance to the gold and silver market? And what is the controversy about? Jeff Christian: Andrew Maguire is really just a tool. There are groups like the Gold Anti-Trust Action Committee (GATA) and others, who have formed this cottage

Allied Nevada Gold Management Discusses Q3 2013 Results - Earnings Call Transcript Posted: 06 Nov 2013 12:40 PM PST Allied Nevada Gold (ANV) Q3 2013 Earnings Call November 06, 2013 11:00 am ET Executives Theresa M. Thom - Vice President of Investor Relations and Corporate Communication Randy Buffington - Chief Executive Officer, President, Chief Operating Officer and Director Stephen M. Jones - Chief Financial Officer, Principal Accounting Officer and Executive Vice President Analysts Kevin J. Cohen - Imperial Capital, LLC, Research Division Sam Crittenden - RBC Capital Markets, LLC, Research Division Daniel McConvey Zachary Zolnierz Jeff Jackson - CIBC World Markets Inc., Research Division Trevor Turnbull - Scotiabank Global Banking and Markets, Research Division Tara Hassan - National Bank Financial, Inc., Research Division David Einhorn Craig Johnston Bryan Grad Presentation Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Allied Nevada Third Quarter Conference Call. [Operator Instructions] I would like to remind you that this conference is being recorded today, Wednesday, November 6,

USD/CAD - Loonie Moves Higher As Ivey PMI Soars Posted: 06 Nov 2013 12:32 PM PST By Kenny Fisher The Canadian dollar has improved in Wednesday trading. The currency has recovered from yesterday's losses, as USD/CAD trades in the low-1.04 range in the North American session. In Canada, Building Permits rebounded nicely in October, but fell short of the estimate. However, the Ivey PMI was superb, hitting a five-month high. There are no major releases out of the US on Wednesday. Canadian Building Permits tends to show sharp fluctuations, making accurate forecasts a tricky task. The indicator posted a gain of 1.7% in September, compared to a decline of 21.2% the month before. However, the markets had expected a gain of 7.8%. Ivey PMI, another key indicator, rose sharply, from 51.9 points in September to 62.8 in October. This crushed the estimate of 54.7 and was the strongest showing since June. The Canadian dollar responded positively to these readings, as USD/CAD dropped into the low-1.o4 range.

GBP/USD - Pound Heads Higher On Solid Manufacturing And Housing Data Posted: 06 Nov 2013 12:31 PM PST By Kenny Fisher The British pound continues to point upwards and is trading in the high-1.60 range in Wednesday trading. The pound has posted solid gains this week, gaining about 150 points against the US dollar. British Manufacturing Production posted a gain and met expectations, while Halifax HPI had its best showing in three months. There were no major releases out of the US on Wednesday. British releases continue to look sharp. Manufacturing Production gained 1.2%, recovering nicely from a 1.2% decline last month. Industrial Production also looked sharp, rebounding from a decline of -1.1% in September, with a gain of 0.9% in October. There was more good news from Halifax HPI, which jumped from 0.3% to 0.7%, a three-month high. These strong gains point to continuing improvement in the UK economy, and the pound has taken advantage as it trades above the key 1.60 level. British PMIs have enjoyed

AUD/USD - Edges Higher As Trade Balance Improves Posted: 06 Nov 2013 12:23 PM PST By Kenny Fisher AUD/USD has edged higher in Wednesday trading. The pair has crossed above the 0.95 line early in the North American session. In economic news, Australia's Trade Balance posted its best numbers in three months. It's a quiet day in the US, with no major releases on the schedule. Australia's trade deficit narrowed in October. The indicator dropped to -0.28 billion, improving from -0.82 billion the month before. This reading beat the estimate of 0.51 billion, and follows a strong Retail Sales release earlier in the week. AIG Construction Index will be released later on Wednesday. There were no surprises from the RBA, which held the course and kept the benchmark interest rate at 2.50%. In the Bank's Rate Statement, RBA head Glenn Stevens reiterated his concern about the value of the Australian dollar. Stevens stated that the Aussie was "uncomfortably high" and that "a lower level of

Doc Eifrig: Don't EVER make this income investing mistake Posted: 06 Nov 2013 12:03 PM PST Editor's note: Today's Crux is a special one... As we mentioned yesterday, our friend and colleague Doc Eifrig, editor of the incredibly popular Retirement Millionaire and Retirement Trader services, is launching a brand new service called Income Intelligence. Income Intelligence is designed specifically to help readers maximize every dollar of income possible from their investments. Today, in honor of Doc's new service, we're passing along some of his all-time best and most popular advice, including another exclusive excerpt from Income Intelligence below. We hope you enjoy it.   From Dr. David Eifrig in Income Intelligence: One of the temptations facing income investors is to purchase high-yielding investments.   But the truth of the matter is, the overwhelming majority of these stocks are not worth investing in. The few extra percentage points of yield come with far more risk than we're willing to accept in Income Intelligence. Instead, we look for opportunities that pay safe, steady streams of income. That helps us keep our risk low... while still collecting healthy income payments. A good rule of thumb is that once an investment reaches a double-digit yield, you're well into high-risk territory. So never start your search for new investments based on the highest yields possible... unless you just want to gamble with your money.   Crux note: If you want to generate huge gains from your income investments, don't chase yield. Instead, simply follow a set of proven indicators called "Timing Triggers." These 10 proprietary signals pinpoint the exact right moments to buy – and sell – any income investment. Doc Eifrig uncovered the Triggers during an 18-month research project seeking the perfect income strategy. Tomorrow night, Doc will reveal all 10 Triggers live – in person – during a special online training session. To secure your seat for this historic event, please click here now.   More on income investing:   Doc Eifrig: The No. 1 rule every income investor must remember today   Top manager Nygren: These dividend investors are making a big mistake today   One online brokerage has developed a "revolutionary" new program for dividend investors

IMF Denies Making Wealth Tax Proposal: “It’s an Analytical Work” Posted: 06 Nov 2013 12:00 PM PST Hey, did the actor Bill Murray body-swap for IMF spokesman, Bill Murray?  The latter issued some mildly amusing statements worthy of his gofer-blasting Hollywood counterpart. Last month the IMF released its monthly journal, "Fiscal Monitor." The October issue focused on the subject of taxes and debt burdens worldwide.  You can access the report in all [...] The post IMF Denies Making Wealth Tax Proposal: “It’s an Analytical Work” appeared first on Silver Doctors. Check out these similar articles: Proposal to Adopt a New CPI Formula Gains Momentum in Congressional Supercommittee Latest Cypriot Bail-in Proposal Declares War on Russia: 40% Haircuts on Uninsured Deposits! Greg Mannarino: Don’t Be A Sheep! Make The “Fiscal Cliff” Work For You!

How Deep Is High? Posted: 06 Nov 2013 12:00 PM PST Tweet I have long spoken about a coming “re set” of asset prices and I got to thinking, how much gold or at what price would be necessary under a scenario like this.  Let’s take a look at this first from the viewpoint of the Chinese.  They “officially” claim to have just over 1,000 tons of gold which is hogwash.  First, this number is over 3 years old and we know that they have produced a minimum of another 1,000 tons over that time PLUS they have imported at least 3,000 more tons in those 3+ years.  This gives us a crude figure of at least 5,000 tons of gold held by the Chinese.  They also have some $3.5 trillion worth of treasuries and dollar reserves. If we do a little bit of math we can come up with a very crude number that would make the Chinese whole in the event of dollar devaluation.  Assuming 5,000 tons held at today’s gold price, we come up with a rounded number of $200 billion worth of gold.  Were the dollar to drop 50% in “reserve value” the Chinese would lose some $1.75 trillion, if this loss were to be made up by an increase in gold value then a markup of 900% would do the trick.  Let’s round it off and say that an $11,000 per ounce gold price would just about cover a 50% markdown of their dollar holdings.  Before you e-mail to tell me that the Chinese have already (contracted to) spent much of these reserves and purchased hard assets and their producers, I get it, this is just a mathematical exercise. Now, let’s look at this from the standpoint of the U.S.  Assuming that the U.S. does have 8,400 tons (possibly a very bad assumption) of gold then we can arrive at somewhere near $350 billion worth currently.  Were the decision to be made (internally, externally or by the market) to mark gold up high enough to cover all of the funded and “on the books” debt ($17 trillion) then we arrive at a figure just over $60,000 per ounce.  Is this the equation that Jim Sinclair might have used to come up with his figure of $50,000 per ounce?  My guess is that yes it is. OK, so those were two very crude exercises of math that come up with 2 much higher numbers for the dollar price of gold and they were very far apart in terms of dollars.  It would be easy to say, “OK, both of these numbers are far higher than where gold is trading today so just buy it and sit back.”  Actually if you don’t read any further it would be OK because yes, if gold is going to be remonetized and become foundational reserves (the BIS says this is so) then the dollar price must go much MUCH higher. But, we are talking about a “dollar” price of gold which means this exercise should be done more from a U.S. centric standpoint.  We have a few little problems that may need clearing up before we can settle for any price let alone $50,000 per ounce for a number.  First, our debt is not $17 trillion, it is higher.  You must add in debt guaranteed from GNMA, FNMA and the home loan banks of a few trillion dollars.  You must also add in other guarantees and programs with promises to pay.  (Before I go any further, maybe you hadn’t heard that just last week “we” guaranteed a $1.25 billion bond issue by Jordan of all countries!).  Pick a number, I have seen credible numbers of as high as $200 trillion that the U.S. has with current and future obligations, is the real number $85 trillion?  $100 trillion?  Or is this a number of $200 trillion that we have been hearing about from the likes of Paul Craig Roberts.  Would you like the real answer?  “It really doesn’t matter anymore,” THAT’s the real answer! Another little problem in arriving at a U.S. dollar price of gold to cover “all” debt issued is “how much gold do we really have?”  This is a question that does have an answer but not one that we will ever be told.  We have not audited our gold reserves since 1956; we also know that gold has in fact been “leased” out.  We also know that more gold has hit the market (based on known demand grossly exceeding supply for at least 15 years) than has been produced so it had to come from somewhere.  Did any of this “extra” gold come from Ft. Knox or West Point?  Do we really have the amount of gold that we claim that we do?  Why should we “take for granted” that some 8,400 tons of gold are held?  The Germans believed we were holding their gold and look what it got them; they now will have to wait 7+ years to receive a measly 300 tons because this was apparently “special and extra heavy gold.”  Seriously, why should we take this number for granted?  Heck, I was dumb enough to believe that I could keep my health insurance, I’m not falling for the “it’s all there, trust us” trick! I have written several times on this subject of “What price?” does gold need to be marked up to.  I think the “number” is not really that important because whatever it is, it will be “high” and multiples in dollar price of what it is today.  What IS important to understand is that a devalued dollar will leave “holes” all over the world in the balance sheets of banks, financial firms, individuals and even central banks.  These “holes” will be everywhere…and deep…they will even multiply themselves as one “hole” and will create other holes.  The best description that I can come up with is “deep, dark smoldering holes of nothingness and default.”  These balance sheet holes will need to be filled by something…somehow. My guess for whatever its worth is that the dollar price of gold will raise enough to offset how deep and far ranging the “defaults” become to balance sheets.  Whether just in the U.S or internationally I am not sure but pushed to guess, gold is international, the losses will be international and thus the price will need to rise “as high as the losses are deep.”Similar Posts: Indian Rupee Gold Has Now Risen To Its All-Time High All-Time High for Rupee-Priced Gold How Much Gold Do They Really Have?

Central Bank And Government Incentives Are Gold’s Catalyst Posted: 06 Nov 2013 11:37 AM PST The daily news feeds are full of news about what one could call "smaller" questions. They include, among many other, whether the Fed will taper, whether the equities are ready for a long overdue correction, whether there is an economic recovery, whether there is inflation or deflation, etc. In the following article, Gary Christenson takes the investors’ view and looks at the really big picture. He rightfully points out what the direction is of central planners. In a world that is increasingly governed by the combination of central banks and governments, one should take their objectives very serious. While it is true that their policy is not sustainable and it somewhere in the future will collapse, one should note as well that unavoidable does not equal imminent! Increasingly, the markets and the economy is planned to achieve the following objectives: The Fed wants higher stock prices.  This is related to the wealth effect that central planners must reinforce. The Fed wants low interest rates, which keep bond prices high. The higher bond prices, the more attractive the idea for people to invest in Treasury notes. The Fed and the U.S. government need low interest rates so the U.S. government's debt service costs remain low and credit is inexpensive. Hence, investors are forced to reach for yield, buy stocks, and maintain the bond and dollar bubbles. The U.S. government wants to spend money, lots of money, and avoid the consequences. Politicians are focused on their election and easy spending, next to limitless spending (at all cost). Central banks, especially the Fed, and western governments want lower gold prices, so their unbacked paper money still appears valuable. By doing so, the U.S. dollar as a world reserve currency remains attractive and retains relative value against other currencies. The key question that is answered by Gary Christenson: Can the Fed and the U.S. government manage the markets to achieve low interest rates, higher stocks, low inflation, low gold prices, and a strong dollar, all while spending much more than revenues support and thereby running the national debt up to insane levels?  My assessment is NO!  What does the data indicate? Assume that the world changed around the 9th month of 2001.  Stocks had peaked and crashed, the Twin Towers came down, government expanded, and the U.S. declared a War on Terror.  There were bubbles to be inflated, massive debts to be incurred, no-bid contracts to be awarded, huge profits to be generated, and stories to tell. Assume that the spending, increasing debt, bubble blowing, and military-industrial profit generating machine have been operating more intensely since 2001. Assume that "this time is NOT different" and that our current fiscal and monetary trends will continue for several more years. Gold and the S&P 500 Index Graph One shows 25 years of the smoothed* monthly price of gold divided by the smoothed value of the S&P 500 index.  The ratio went down from the 1980s to about 2001 and rose thereafter.  Until 2001 investors wanted financial assets more than real assets like gold and silver.  Since then the price of gold has risen more rapidly than the S&P 500 index.  The Fed wants the S&P to keep rising and so we should expect QE will continue in the hope that it will levitate the stock markets.  Unless this time is different, gold will continue to rise. Gold and the National Debt Graph two shows 25 years of the smoothed* monthly price of gold divided by the official national debt in tens of $Billions.  The ratio went down from the 1980s to about 2001 and then started rising.  Even though debt has been increasing rapidly since 9-11, the price of gold has increased even more rapidly since its bear market lows in 1999/2001.  Knowing that politicians, corporations, and banks need the spending and debt to continue increasing, we should expect massive deficits and ever-increasing national debt – growing about 10 – 12% per year.  Unless this time is different, gold will also continue to rise. Gold and the Dollar Index Graph three shows 25 years of the dollar index multiplied by smoothed monthly gold prices.  In broad terms a higher dollar usually goes with lower gold prices (when priced in dollars) and vice-versa.  The product removes most of the currency variation and shows the big picture trend for gold.  Since about 2001 the trend has been upward.  Unless this time is different, gold will continue to rise. The Fed has incentive to continue QE – to levitate the stock and bond markets and keep interest rates low.  But QE will eventually weaken the dollar with excess supply, reduced demand and reduced value.  Expect gold to rise in price. The politicians want to spend money, lots of money, and will borrow and print until they can't.  The national debt and the price of gold will increase. Summary Unless the financial world has materially changed, we can expect that an increasing S&P index will correlate with higher gold prices, and an increasing national debt will correlate with higher gold prices.  Similarly, continued QE will correlate with a lower dollar and higher gold prices. They say "don't fight the Fed" and "don't fight the administration."  Even if it looks like a train wreck during amateur hour, the incentives motivating both the Fed and the government all align with higher gold prices. Maybe the Fed and the politicians can't get everything they want, but we expect they will be happy with strong bond prices, higher stock prices, and more spending.  Those conditions will co-exist with higher gold prices.  Consequently we expect the Fed and the politicians understand that the price of gold must go much higher.  Sacrifices, such as higher gold prices, must be made to maintain the "full steam ahead" status of our national train wreck in progress – deficit spending, ever-increasing debt, QE-forever, more wars and currency debasement. Do you own a sufficient quantity of physical gold and silver?   More Thoughts: SRSrocco Report:  Coming of QE5 and Much Higher Precious Metals Prices The DI: Created Currencies… Are Not Gold The DI: The Smell of Collapse Is In The Air   GE Christenson | The Deviant Investor   * Prices were smoothed by taking a 24 month simple moving average of monthly closing prices for gold, the S&P 500, and the dollar index, and then creating a yearly value by averaging the 12 monthly prices.

The US Dollar, The Euro and Their Influence on Gold Prices Posted: 06 Nov 2013 11:11 AM PST There are many factors that come into play when trying to determine the direction of gold and silver prices that go beyond supply and demand. As we know gold has an inverse relationship with the US Dollar (USD), although there are historical exceptions such as the one we witnessed in the gold bull market of the 80's, when both were rising at the same time. We may well see both gold and dollar rise in tandem in the future, but for now they are tending to move in opposite directions. The performance of the USD can be observed when we view it against a basket of currencies as per The US Dollar Index. The US Dollar Index provides us with a value of the USD relative to a basket of foreign currencies. The performances of those currencies within this basket have an effect on the dollar. There are only 6 currencies in this basket and they are weighted as follows: Euro (EUR), 57.6% weight Japanese yen (JPY) 13.6% weight Pound sterling (GBP), 11.9% weight Canadian dollar (CAD), 9.1% weight Swedish krona (SEK), 4.2% weight and Swiss franc (CHF) 3.6% weight We can see that the Euro is by far the largest component representing 57.6% of this Index and therefore merits being watched closely, so we will take a quick look at it today. The Euro Chart We can glean from the chart that the Euro has lost some ground recently, which in turn has had a knock-on effect on the USD. Speculation over a rate cut gained some traction when inflation in the Eurozone dropped 0.7% for October raising the ugly specter of deflation. Should we get more in the way of dovish comments from the ECB then we would expect the euro to continue its decline. While all eyes are on the US employment figures due out this week, we should also keep one eye on Mario Draghi, President of The European Central Bank and his pronouncements on monetary policy. Up to now his words have had a calming effect on the Eurozone but just maybe they are wearing a tad thin, so some decisive action may be imminent. The US Dollar Chart The USD chart shows us that it has support at the '79' level which it has tested no less than 5 times in recent months. Each time it has managed to bounce and rally to higher ground suggesting that it could be difficult for the USD to fall further. Once again the employment numbers will take center stage, good, bad or indifferent they are a major consideration for the policy makers at the Federal Reserve. Any hint of tapering the bond buying programme would add support to the USD but we doubt that this will occur this year. Conversely, further relaxation of monetary policy with the Fed becoming even more accommodative, would lead to the USD weakening, putting upward pressure on gold prices. Conclusion Our central planners are playing an increasing bigger role in the determination of the future direction of their own countries currency. It is a widely held belief that inflation is a more favorable condition to have to manage than deflation. By weakening their currency they hope to boost exports, thus creating employment for their citizens. The manipulation of currencies is set to continue with the race to the bottom being alive and well. When trying to analyze the future direction of gold it is now critically important that we include the currency war, as this arena in dollar terms, dwarfs many of the other considerations. Try not to ignore the actions of our political masters and the central planners as their words and actions will impact upon currency gyrations, which will spill over into the precious metals market. Also be aware that this is a tiny sector of the market and can be pushed in either direction, should it be deemed a requirement by those who think they know what is best for us. The bear trend within the gold bull market is still with us and gold's near term direction remains somewhat hazy, however, we think there could more to go on the downside and that the bottom still lays ahead of us. Also be aware that a sudden increase in QE could blow this scenario out the water. In a nutshell we need to be patient and to do the hard yards in terms of due diligence, so sleeves up, head down, game face on and hit it. Also keep your powder dry as bargains do come along from time and you will need the cash to take full advantage of those opportunities. Got a comment, fire it in, the more opinions that we have, the more we share, the more enlightened we become and hopefully our 'well informed' acquisitions will bear the fruits of our labor, sooner or later.   Bob Kirtley, bob@gold-prices.biz www.skoptionstrading.com | www.gold-prices.biz

Since JFK, Sinister Forces are Removing Liberty in America Posted: 06 Nov 2013 10:45 AM PST Tweet Andy Hoffman appears on the Jay Taylor Radio Show to talk about the COMEX, the pricing of gold and silver, China, India, and CFTC. They also discuss about the silver manipulation and the buying of gold and silver.  To listen to the interview, please click on the link below: Andy Hoffman – Since JFK, Sinister Forces are Removing Liberty in America – November 5, 2013  Similar Posts: Con-Artistry, Fraud and Theft. Only Truth is being Tapered! The Long-Running Silver Manipulation Case Interview with Elijah Johnson with Finance and Liberty

TF Metals Report: Digging deeper into the gold ETFs Posted: 06 Nov 2013 10:31 AM PST GATA

Precious Metals and the Lost Generation Posted: 06 Nov 2013 10:30 AM PST While hyperinflation or a currency crisis can take months to develop, it will ultimately catch most by surprise. Of course, those who are prepared will not be welcomed. Hoarders will be blamed. Metals could be banned and/or taxed and, eventually, re-priced far from the futures exchanges. The return of precious metals to monetary status will [...] The post Precious Metals and the Lost Generation appeared first on Silver Doctors. Check out these similar articles: Perth Mint’s Bron Suchecki: Expect Precious Metals Shortages During The Next Crisis SD Weekly Metals & Markets: Precious Metals Have Bottomed, Silver Shortage Intensifying! Precious Metals Will Rise As the Economic Recovery Disintegrates

Dull trade leaves gold, silver dead flat midweek, chartists split on medium term Posted: 06 Nov 2013 10:27 AM PST What one trader called "very dull" trade saw gold trade unchanged from last Friday's finish of $1,317 per ounce lunchtime in London.

A silver lining in India Posted: 06 Nov 2013 10:19 AM PST Data from India shows gold demand failed to pick up over Diwali weekend, a time when gold buying is usually high. Gold retailers in India are referring to this festival as the worst in 20 years in terms of gold demand. However, with every cloud comes, literally, a silver lining....

Perth mint gold coin and bar sales advance in October on price dip Posted: 06 Nov 2013 10:08 AM PST Gold sales from Australia's Perth Mint, which refines most of the gold bullion from the world's second largest producer, rose in October as a drop in prices to a three month low led to increased demand and the mint filled a backlog of orders.

Caption Contest Wednesday! Posted: 06 Nov 2013 10:00 AM PST Our only question is whether the manual was referenced prior to or after the disastrous roll-out of the Obamacare website?   The post Caption Contest Wednesday! appeared first on Silver Doctors. Check out these similar articles: Caption Contest Wednesday! Wednesday Caption Contest Caption Contest Wednesday

Is the gold rally over? Posted: 06 Nov 2013 09:11 AM PST There remains a strong case to own gold based on fundamentals. Central banks continue to flood markets with liquidity and uncertainty continues to prevail worldwide. Yet the technicals tell a different story, one that suggests the yellow metal's best days are probably over in terms of prices.

Our Era’s Definitive Dynamic: Diminishing Returns Posted: 06 Nov 2013 09:00 AM PST We all intuitively grasp the meaning of diminishing returns: Either it takes more effort to maintain a project's payoff, or the payoff declines even though the effort invested remains constant. Eventually, returns decline to zero or even negative territory, and doing more of what worked well in the past fails in a spectacular fashion.   [...] The post Our Era's Definitive Dynamic: Diminishing Returns appeared first on Silver Doctors. Check out these similar articles: Reuters Graphs Gold vs. Fine Wine Returns Report: JPMorgan Returns $600 Million of MF Global Funds Dynamic Fund Manager Rob Cohen Imagines a Gold-Centric World

Gold prices see fragile floor Posted: 06 Nov 2013 08:02 AM PST Open interest data in the last week suggested long liquidation by tactical investors while the Indian Diwali gold purchases season was off to a slow start, providing a fragile floor for gold prices.

Gold, Tapering, & The Middle Class Posted: 06 Nov 2013 08:00 AM PST Internal inflationary forces in the US economy tend to occur during the later stages of an economic upswing. The US central bank believes in an 8 year business cycle, and the last one peaked in 2007. By mid-2014, the current cycle will be very mature, and prone to inflationary pressures.   Submitted by Stewart Thomson: [...] The post Gold, Tapering, & The Middle Class appeared first on Silver Doctors. Check out these similar articles: Stewart Thomson: Gold Technicals Suggest Dovish Taper Lew Rockwell Explains to Lauren Lyster How the Fed Enables War, Empire, and Destroys the Middle Class Middle Class Being Ground to Dust Under Jackboots of Inflation

Do These Words Resonate With You? Posted: 06 Nov 2013 07:34 AM PST Tweet Are you familiar with the London Center for Policy Research?  Perhaps you should be. The London Center for Policy Research (LCPR) has been organized to engage in research on the key policy issues of our time: national security, energy and risk analysis. It is the mission of this Center to challenge conventional wisdom where appropriate, add texture to the current deliberations on policy issues and build support for positions that further the national interest and the interest of key allies. -London Center Yesterday they posted an article by Herb London that focuses on our government, our culture and where America is headed.  I'm not personally trying to be political here, but the article points out "real issues."  You can decide who were responsible for the policies that changed the world that we live in. I am featuring the LCPR article today below.  It is not economic.  I'll leave the economic and precious metals discussion for Andy Hoffman and Bill Holter.   I'm dealing with bigger issues.  The world we live in today was unimaginable when I left college in 1964 – and I'm not talking about the massive changes in technology. The World I've Known Has Come To An End Posted on November 5, 2013 by Herb London There was a time not so long ago when I could select my own doctor. There was a time when I could choose my health insurance company. There was a time when everyone believed Marxism was a failure, an idea relegated to the ash heap of history. There was a time when class warfare occurred in other places far away, but Americans believed in opportunity, not sponging from others. Was that really not so long ago? It is true President Obama said he would transform America. He has lived up to his promise. Our Constitution has been twisted into an unrecognizable document. Washington has become a lawless town where criminals are heroes and heroes are ignored. Peace through strength – the bipartisan belief that military preparedness preserves order – has been converted into peace through prayer. If you hope for the best, it just might occur. Read More… Here is a short primer on bail-in by Gold Silver Worlds below, how it works and how it will affect YOU.  It is also a clear discussion of money and debt.  It is a very good read! A Closer Look At Bank Bail-Ins And The Black Hole Of Our System November 5, 2013 by Gold Silver Worlds  The bank bail-in rumble is growing louder. After the events in Cyprus, a small country and potentially meaningless in the eyes of most people, it seems that bail-in idea has spread like a virus across the Western world. Only in the last week, we saw the following developments: Slovenian parliament has approved bank bail-in rules. (source) The leader of the Eurogroup Working Group (Thomas Wieser) revealed that the eurozone should introduce bank bail-in rules from 2016, as reported by the German Der Spiegel. (source) UK based Co-operative Bank announced a bondholder bail-in rescue plan. (source) All these events come right after the IMF super tax proposal of 10% on savings accounts of households with a positive net worth in Europe (reported on this site) earlier this month. Read More… Similar Posts: The New York Gold Pool Record Highs are a Real Possibility in the Future Seeing is Believing

Digging Deeper Into The Gold ETFs Posted: 06 Nov 2013 06:59 AM PST Much continues to be made about the historic "inventory" drawdowns of the GLD. It gets even more interesting when you compare the losses of the GLD to the "inventory" reductions of its two, biggest rivals. read more

Open Letter To Bart Chilton Posted: 06 Nov 2013 06:50 AM PST Failure to address precious metals market manipulation is your true legacy, Mr Chilton.  Position limits by themselves fix nothing.  To your credit, you did make the space for GATA's Bill Murphy to introduce critical testimony to the CFTC during a 2010 publicly broadcast hearing.  But that's the only thing we can objectively point to suggesting [...] The post Open Letter To Bart Chilton appeared first on Silver Doctors. Check out these similar articles: Bart Chilton, RESIGN and Become a Whistleblower: Open Letter & Petition Bart Chilton Sends Warning Letter to Printer in Chief Bernanke Q&A With The Doc: Is Bart Chilton Really a Good Guy?

$1.89 Over Spot for Silver Maples? Only at SDBullion! Posted: 06 Nov 2013 06:47 AM PST SDBullion’s Lowest Price Ever on Silver Maples! As Low As $1.89 Over Spot! Click or call 614.300.1094! The post $1.89 Over Spot for Silver Maples? Only at SDBullion! appeared first on Silver Doctors. Check out these similar articles: SDBullion’s Lowest Price EVER On Silver Maples! 2013 Silver Maples As Low As $1.99 Over Spot and ASEs Any Qty Only $2.79 Over Spot!! 2013 Silver Canadian Maples As Low As $1.99 Over Spot!!

Perth Mint Gold Coin And Bar Sales Advance in October On Price Dip Posted: 06 Nov 2013 06:01 AM PST gold.ie

Coming of QE5 & Much Higher Precious Metals Prices Posted: 06 Nov 2013 05:00 AM PST As the Banks & Brokerage Houses continue to forecast the tapering of the QE by the end of 2013 or beginning of 2014, the only choice the Fed will have will be to increase not decrease monetary stimulation.  QE 5 is coming because U.S. economic indicators continue to disintegrate. The Fed can't stop its QE [...] The post Coming of QE5 & Much Higher Precious Metals Prices appeared first on Silver Doctors. Check out these similar articles: How Falsified U.S. GDP Data will Lead to Much Higher Precious Metal Prices Precious Metals Set For Higher Weekly Close And Seasonal Year End Rally August Review: Gold Rises 12% as Equities Fall, Commodities Mixed and German and US Bonds Higher Review of Precious Metals, Equ

Gold price being kept in check by the 100 day moving average… for now Posted: 06 Nov 2013 04:35 AM PST Since the sell-off after the 'no-taper' FOMC announcement, the Fed has sent member after member out into the public to once again con them into thinking that a 'taper' is going to happen, and even... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

It’s Manure Tainted Pitchforks vs. Hai Karate Cologne Posted: 06 Nov 2013 04:32 AM PST First Chris Hedges invoked the pitchfork and now the Wristband Revolution is going to require karate skills according to Russell Brand – at least “the idea” of karate skills.  Have you ever wanted to call up Chuck Norris and give him a piece of your mind and live to tell the story?  It’s simple when you use the Coastline Measurement Paradox.  It’s hand-to-hand karate of the mind with a splash of fiat confidence to cover the stench of a dying dollar… take that!! http://tradewithdave.com/?p=19036

Perth Mint Gold Coin And Bar Sales Advance in October On Price Dip Posted: 06 Nov 2013 04:21 AM PST Gold sales from Australia's Perth Mint, which refines most of the gold bullion from the world's second largest producer, rose in October as a drop in prices to a three month low led to increased demand and the mint filled a backlog of orders. Today's AM fix was USD 1,317.00, EUR 975.05 and GBP 817.66 per ounce. Yesterday's AM fix was USD 1,311.25, EUR 971.30 and GBP 817.08 per ounce. Gold fell $3.40 or 0.26% yesterday, closing at $1,310.80/oz. Silver climbed $0.06 or 0.28% closing at $21.68. Platinum dropped $4.74 or 0.3% to $1,445.00/oz, while palladium rose $0.50 or 0.1% to $747/oz. Gold gained ground today and is up 0.6% as it tries to shake its longest losing streak in six months and the lowest prices seen in almost three weeks. Gold is range bound between $1,250/oz and $1,450/oz. The fundamentals including the current macroeconomic, systemic, geo-political and monetary conditions are favourable and suggest higher gold prices are likely in the coming months. Gold in US Dollars, 30 Day – (Bloomberg) However in the short term, gold looks poor technically and a breakout above $1,360/oz and $1,450/oz will be needed to encourage more nervous buyers. Gold sales from Australia's Perth Mint, which refines most of the gold bullion from the world's second largest producer, rose in October as a drop in prices to a three month low led to increased demand and the mint filled a backlog of orders according to Bloomberg. Sales of coins and minted Perth Mint gold bars climbed 13% to 77,255 ounces last month from 68,488 ounces in September, according to data from the mint.While demand in October more than doubled from 30,430 ounces in August, sales were 31% lower than this year's record in April. "There'd be people buying while the price is low," said Ron Currie, the Perth Mint's sales and marketing director. "We're getting a lot more product out the door because of previous orders that we hadn't been able to supply because of capacity," Currie said. Gold in USD, 5 Year – (Bloomberg) The U.S. Mint sold 755,500 ounces of American Eagle coins as of November 1st, compared with 753,000 ounces in all of 2012, according to data on the mint's website. The mint sold 48,500 ounces in October from 13,000 in September and 11,500 in August.. Coin sales last month were still 77% lower than in April, when they surged to a 40 month high of 209,500 ounces. The Perth Mint sold 112,575 ounces of gold in April. As bar and coins sales increased, demand waned for ETPs. Holdings tumbled 29% this year to 1,875.04 metric tons on November 4th, according to data compiled by Bloomberg. Assets have shrunk every month this year, the worst run on record. The Perth Mint, which began operations in 1899, is owned by the Western Australian government and refines between 300 tons and 400 tons each year, including mined and scrap gold. Perth Mint gold bars are rapidly becoming some of the most popular one ounce gold formats in the world. Australia is the world's biggest gold producer after China. Click GOLD NEWS  For Today's Breaking Gold And Silver News Click GOLD and SILVER COMMENTARY For Today's Leading Gold And Silver Comment And Opinion Like Our FACEBOOK Page For Breaking News, Interesting Insights, Blogs, Prizes and Special Offers

Last 2 Months Of VAT Free Purchases Of Silver Coins in Europe Posted: 06 Nov 2013 02:56 AM PST Individual or professional investors who are concerned about the prospects of monetary policies are deeply worried about the investments they hold in paper based assets as well as the money they hold in the form of cash. The reason for that is more than well known, at least for those who are willing to see and understand. Physical gold and silver investors do so in order to protect their wealth and purchasing power. One can hold precious metals bars and/or coins. Specifically in Europe, the purchase of silver coins and bars goes with VAT. The reason is that the EU views silver as a commodity and not as money. Even the known „legal tender" coins such as the US Eagle, Vienna Philharmonic and Maple Leaf minted with a face value are subject to VAT in all EU countries – except Estonia, according to Stefan Krämer of CelticGold, an online dealer specialized in silver coins and gold bars/coins. Currently, the following VAT rates apply to silver coins and bars in Europe. As tax matters in Europe are only comprehensible for specialized accountants, we focus on the standard rates (there are also reduced rates, among others): Denmark 25% Belgium 21% Ireland 21% Austria 20% Italy 20% United Kingdom 20% France 19.6% Netherlands 19% Spain 18% Luxembourg 15% Germany 7% silver coins and 19% silver bars (coins will be charged 19% as of 1/1/2014) Buy silver coins legally in Europe without paying VAT Within the complexity of laws and regulations, there are always flaws. One of them was found by CelticGold who figured out a way to purchase silver coins without paying one euro of VAT. The key is to do the purchase through Estonia, a very small and almost unknown country in the East of Europe which is part of the European Union. Mind the following two cases to understand how it works. Example 1: UK resident buys with CelticGold in Estonia. CelticGold ships the silver to the UK. VAT on silver to be charged = 20%. As the location where the seller fulfils its contract is the UK (the customers' signature from the delivery releases the seller from its contract). Example 2: UK resident buys with CelticGold in Estonia. The UK resident instructs a courier service to pick up the silver from the bullion vault. The location where the seller fulfils its contract is Estonia as the goods are handed over to the courier company in Estonia. VAT on silver to be charged = 0% The ownership in example 1 is transferred in the UK. The ownership of the goods in example 2 is transferred in Estonia. The customer in example 2 instructs and pays the courier themselves. This is a so called non-commercial EU shipment. Non-commercial EU shipments are within all of EU exempt of import duties and VAT. It is perfectly legal and safe to buy in Estonia VAT free and then have the coins shipped to your door. „The savings for the investors are huge!", says Stefan Kraemer, CEO and Founder of CelticGold. He continues to say that on average the saving ranges between 3 and 4 Euros per coin, depending in which country the investor is resident. With a sample purchase of 500 coins, fully insured Express shipping is 0.26 Euro per 1oz coin, the saving is a whopping 1,850 Euro compared to a local purchase. VAT free silver coin purchases in Europe will be history as of 01.01.2014 The Parliament in Estonia amended a new law which will come into force on 1.1.2014. With pressure of the EU headquarters an amendment was presented on October 15th 2013 to the Estonian parliament to change the laws for legal tender silver coins. Currently the law exempts the importation of all banknotes and coins. From 2014 the exemption will be restricted to banknotes and coins which have the exchange rate of the European Central Bank. CelticGold has formulated a letter to clarify the affects for the Estonian branch because there may be an exemption for Vienna Philharmonic silver coins as they are denominated in Euros and considered money. Should you be interested in buying silver then please consider to buy before 31st December 2013 as CelticGold can’t guaranty to sell silver VAT free from January 2014 on. This maybe the very last chance to actually buy and own physical silver at these prices without VAT. Learn more about VAT Free Silver from CelticGold at www.celticgold.eu Contact Stefan from CelticGold: info@celticgold.eu Recommended reading: Learn more about Silver Fundamentals

India’s Demand to Buy Silver Doubles on Gold Ban Posted: 06 Nov 2013 02:31 AM PST "This sell-off in crude oil has pretty much run its course, and a reversal is imminent" ¤ Yesterday In Gold & Silver It was another very low volume day in gold on Tuesday, and except for the obvious price shenanigans that started at 1 p.m. GMT in London [8 a.m. in New York] and ended shortly after the London p.m. gold fix, I wouldn't read much into yesterday's price action. The CME reported the high and low as $1,320.60 and $1,305.20 for December. Gold closed in New York on Tuesday at $1,311.90 spot, which was down $2.70 from Monday.  Net volume, although a tad higher than Monday's, was only 79,000 contracts. Here's the New York Spot Gold [Bid] chart.  It shows the high tick, which came a minute or so after 8 a.m. in New York, and also the low after the London p.m. gold fix. Silver "traded" within a very tight price range everywhere on Planet Earth yesterday, but the HFT boys spiked the price to a new low tick for this move down about 30 minutes before the London open.  The subsequent recovery didn't amount to much.   The highs and lows aren't worth mentioning. Silver closed at $21.71 spot, up 5.5 cents from Monday.  Like gold, silver volume was a bit higher on Tuesday than it was on Monday.  Yesterday's net volume was 22,000 contracts, which was very light. Platinum rallied a bit in Far East trading on their Tuesday, but also ran into the HFT crowd going into the London open.  Platinum rallied right at the London open and manged to close in positive territory by a few dollars.  Palladium didn't do much until the 9:30 a.m. EST open of the equity markets in New York, and shortly before lunch the price spiked, but it took the "da boyz" less than an hour to get it back under control, and it closed flat.  Here are the charts. The dollar index didn't do much yesterday.  It opened on Tuesday morning in Tokyo at 80.57, and by the London open it was higher by a whole 10 basis points.  An hour later it was down by 15 basis point to its 80.52 low of the day.  It's high [80.78] came at 3 p.m. GMT, which was 10 a.m. in New York, the time of the London p.m. gold fix.  After the "fix" was in, the index shed a handful of basis points and closed the trading day at 80.68, up 11 basis points from Monday's close. The gold stocks gapped down about a percent at the open, and never came close to unchanged during the entire New York trading session, but the gold equities managed to finish well of their lows.  The HUI closed down 1.34%, giving back almost half of Monday's gain. Nick Laird's Intraday Silver Sentiment Index looks the same as the HUI chart, and the silver stocks closed down 0.80%. The CME's Daily Delivery Report for Tuesday was another yawner, as only one lonely gold contract was posted for delivery on Thursday. There were no reported changes in GLD yesterday, and as of 9:52 p.m. EST yesterday evening, there were no reported changes in SLV, either. The U.S. Mint had another sales report yesterday.  They sold 500,000 silver eagles, and that was all. There was virtually no in/out action in gold and the Comex-approved depositories on Monday.  They received nothing, and 96 ounces was shipped out of Brink's, Inc. Of course it was a lot busier in silver, as 890,762 troy ounces were shipped in, and a smallish 51,436 troy ounces were shipped out the door.  The link to that activity is here. There was no Commitment of Traders Report posted on the CFTC's Web site yesterday.  Maybe today. I have the usual number of stories for a mid-week column, and the final edit is up to you. ¤ Critical Reads Matt Taibbi: Chase Isn't the Only Bank in Trouble I've been away for weeks now on a non-financial assignment (we have something unusual coming out in Rolling Stone in a few weeks) so I've fallen behind on some crazy developments on Wall Street. There are multiple scandals blowing up right now, including a whole set of ominous legal cases that could result in punishments so extreme that they might significantly alter the long-term future of the financial services sector. As one friend of mine put it, "Whatever those morons put aside for settlements, they'd better double it." Firstly, there's a huge mess involving possible manipulation of the world currency markets. This scandal is already drawing comparisons to the last biggest-financial-scandal-in-history (the Financial Times wondered about a "repeat Libor scandal"), the manipulation of interest rates via the gaming of the London Interbank Offered Rate, or Libor. The foreign exchange or FX market is the largest financial market in the world, with a daily trading volume of nearly $5 trillion. This absolute must read Matt Taibbi blog was posted on the Rolling Stone website yesterday...and today's first news item is courtesy of Roy Stephens. John McAfee reveals details on gadget to thwart NSA John McAfee lived up to his reputation Saturday as tech's most popular wild child, electrifying an audience with new details of his plan to thwart the NSA's surveillance of ordinary Americans with an inexpensive, pocket-size gadget. Dubbed "Decentral," the as-yet-unbuilt device will cost less than $100, McAfee promised the enthusiastic crowd of about 300 engineers, musicians and artists at the San Jose McEnery Convention Center. "There will be no way (for the government) to tell who you are or where you are," he said in an onstage interview with moderator Dan Holden at the inaugural C2SV Technology Conference + Music Festival. This articled was posted on the mercurynews.com website back in late September.  But here it is...better late than never, I suppose.  I thank reader Michael Riedel for bringing it to our attention. GCHQ intercepts Google, Yahoo cloud data hosted in Britain, feeds info to NSA The National Security Agency is fed internal information from Google and Yahoo’s private networks by British counterpart GCHQ, which intercepts communications traveling between company data centers based in Britain. Documents supplied by former NSA contractor Edward Snowden and reported by The Washington Post last Wednesday showed how the NSA and GCHQ work together to intercept private links that connect Google and Yahoo global data centers. On Monday, The Post added new background and details of a program known as “MUSCULAR” to its previous report to paint a more succinct picture of how the spy agencies access these supposedly protected data links. For instance, The Post begins by pointing out the reaction to the previous story from NSA Director Keith Alexander, who said prior to reading the report that “I can tell you factually we do not have access to Google servers, Yahoo servers.” The Post points out that the previous story did not mention access to servers, but that the NSA intercepts information as it passes between private data centers through private fiber-optic cables. The rot is deeper, wider and higher than anyone can imagine.  This story was posted on the Russia Today website late Monday evening Moscow time...and it's courtesy of South African reader Bob Visser. Et Tu, U.K.? Anger Grows over British Spying in Berlin Reacting to allegations that yet another close ally might be spying on its leaders from an embassy in Berlin, Germany's Foreign Ministry invited Britain's ambassador to a meeting on Tuesday afternoon to discuss the allegations. The invitation had been requested by Foreign Minister Guido Westerwelle. During the meeting, the head of the ministry's European affairs department informed the ambassador that "eavesdropping on communications inside the offices of a diplomatic mission would violate international law," a Foreign Ministry spokesperson said. The ministry did not provide addition details about the meeting. The revelations about further alleged spying have rocked the political establishment in Berlin this week. The London-based Independent newspaper revealed Monday that British intelligence had established a "secret listening post" in the British Embassy like the one recently revealed by SPIEGEL to be in the US Embassy on the same large block. The British post, like the American one, is located near the German parliament, the Reichstag, and was disclosed in the trove of data leaked by American intelligence whistleblower Edward Snowden. No surprises here.  If I were in Germany's shoes, I'd be checking the top of the Canadian and Australian embassies as well. This story was posted on the German website spiegel.de early yesterday afternoon Europe time...and it should come as no surprise that it's courtesy of Roy Stephens. Merkel Spying: It's 'Unlikely' White House Didn't Know President Obama has claimed he didn't know the U.S. was spying on Chancellor Angela Merkel. SPIEGEL asks White House security veteran Michael Allen about whether that's possible -- and how the NSA sets its priorities in the first place. SPIEGEL: The spying activities of the NSA have led to a great uproar in Europe, where residents have also been taken aback by the unapologetic response of American intelligence officials in Congressional hearings. Allen: I think because of the United States' experiences since September 11 and the faulty assessment that there was WMD in Iraq, there has been the feeling we needed better intelligence so that our national security leaders could make better decisions on behalf of the country. I think the way the intelligence community sees it, their job is to collect information that the policymakers think is in the national interest. SPIEGEL: Does that include the tapping of Angela Merkel's cellphone? Allen: Well, I don't know and can't confirm if we did. Amazing!  Deny, deny, deny.  If Merkel wants to do some real damage, all she has to do is give the U.S. military its walking papers, as they never left German soil at the end of WWII.  This spiegel.de story from yesterday morning Europe time is another contribution from Roy Stephens. Why bring up Europe? It will be largely irrelevant five years from now There is therefore good reason to be suspicious of the CBI’s latest contribution to the debate over British membership of the European Union, which a survey of members has – surprise – found to be overwhelmingly the most effective way of maximising the benefits of global trade. I don’t necessarily disagree with the conclusion, timed to coincide with Monday’s annual CBI conference: if the UK has a chance for sustainable growth, it is via the openness of its economy. To be pulling back from treaties designed to bring about an economically integrated Europe is an odd way of pursuing the goal of a more international economy, regardless of Europe’s manifest failings and unwanted intrusions. Yet there is also something faintly irrelevant – given the increasingly global nature of economic activity – about the whole in/out debate. Europe is changing before our eyes. By the time we get to a referendum, much of the present shouting match will be rendered meaningless. Putting numbers on the supposed costs and/or benefits of membership, as the CBI tries to in its call to arms, is a fatuous and largely subjective exercise. It won’t convince anyone. This commentary by Jeremy Warner was posted on The Telegraph's website on Monday evening GMT...and once again I thank Roy Stephens for sending it along. Go for broke: Ukraine's risky E.U. trade deal Tough admission standards could keep Ukraine’s trade integration with the European Union on hold, and if the process is dragged out long enough, it may be forced back into the arms of its ex-Soviet ally, Russia. European Union ministers will meet on November 18 ahead of the Vilnius summit and decide if Kiev has met enough criteria to sign the dotted line on its trade association agreement. The Ukrainian government approved their draft resolution on September 18 and the agreement will either get a ‘yes’ or ‘no’ at the Eastern Partnership Summit in Lithuania on November 28-29. If European Union officials reject Ukraine from their trade association, Kiev will need to reconsider Moscow's proposal to join the Russia-led Eurasian Customs Union. This interesting story was posted on the Russia Today website early on Monday morning Moscow time...and I thank Bob Visser for sliding it into my in-box in the wee hours of this morning Edmonton time.  It's certainly a must read for all students of the New Great Game. The Saudis are engaged in a great gamble The inhabitants of the desert kingdom of Saudi Arabia are not renowned for their sense of humour. In a country where public executions by beheading are commonplace, and even relatively minor transgressions such as drinking alcohol can be punished by the lash, the kingdom’s all-powerful religious police do not engender an atmosphere of levity. So the fact that a video poking fun at Saudi Arabia’s long-standing ban on women drivers has gone viral, with nearly seven million hits registered since it was uploaded a few days ago, suggests that profound changes are taking place in the world’s most conservative country. Called No Woman, No Drive, the pastiche of Bob Marley’s reggae classic was released by a group of Saudi comedians to support a protest by women drivers. Whether or not they succeed, the fact that women have publicly dared to challenge the authority of the all-powerful mutawa, the religious police, by posting videos of themselves driving to the local store provides a rare glimpse of the mounting resentment that many Saudis feel towards the domestic policies of perhaps the world’s last absolute monarchy. This must read, especially for all serious students of the New Great Game, was posted on the telegraph.co.uk Internet site a week ago...and I thank reader U.D. for bringing it to my attention, and now to yours. China premier warns against loose money policies China needs to sustain economic growth of 7.2 percent to ensure a stable job market, Premier Li Keqiang said as he warned the government against further expanding already loose money policies. In one of the few occasions when a top official has specified the minimum level of growth needed for employment, Li said calculations show China's economy must grow 7.2 percent annually to create 10 million jobs a year. That would cap the urban unemployment rate at around 4 percent, he said. "We want to stabilize economic growth because we need to guarantee employment essentially," Li was quoted by the Workers' Daily as saying on Monday. His remarks were made at a union meeting two weeks ago but were only published in full this week, just days before a pivotal Communist Party plenum to set policy opens. This Reuters story appeared on their website very early on Tuesday morning EST...and I thank Manitoba reader Ulrike Marx for her first offering of the day. Three King World News Blogs 1. Richard Russell: "The Financial System Has Been Destroyed".  2. Art Cashin: "This Can Cause the Entire Financial System to Collapse".  3. Ron Rosen: "60-Year Market Veteran - People Missed 2 Amazing Charts". [Please direct any questions or comments about what is said in these interviews by either Eric King or his guests, to them, and not to me. Thank you. - Ed]   CFTC Commissioner Bart Chilton Calls it Quits I have mixed feelings about Bart.  Yes, he did yeoman work at the beginning when Ted Butler first brought the silver and gold price management scheme to his attention at the start of his tenure.  After that he was talk only, as it was obvious that Gensler, or someone higher up, had told him to back off.  I'm sure that, if he could have, he would have been more than happy to blow this wh

Three King World News Blogs Posted: 06 Nov 2013 02:31 AM PST Three King World News Blogs 1. Richard Russell: "The Financial System Has Been Destroyed".  2. Art Cashin: "This Can Cause the Entire Financial System to Collapse".  3. Ron Rosen: "60-Year Market Veteran - People Missed 2 Amazing Charts". [Please direct any questions or comments about what is said in these interviews by either Eric King or his guests, to them, and not to me. Thank you. - Ed]

CFTC Commissioner Bart Chilton Calls it Quits Posted: 06 Nov 2013 02:31 AM PST CFTC Commissioner Bart Chilton Calls it Quits I have mixed feelings about Bart.  Yes, he did yeoman work at the beginning when Ted Butler first brought the silver and gold price management scheme to his attention at the start of his tenure.  After that he was talk only, as it was obvious that Gensler, or someone higher up, had told him to back off.  I'm sure that, if he could have, he would have been more than happy to blow this whole affair sky high. His comments are in this speech he gave at the Dodd-Frank meeting on position limits...and it was posted on the cftc.gov website yesterday.  The first person through the door with this news item was Washington state reader S.A.  Chris Powell over at GATA also had some thoughts on all this...and his comments were posted on the gata.org website yesterday under the headline "Financial interests finally get rid of CFTC's Chilton".  The link is here.

Worries Boost Sales of American Eagle Gold Coins Posted: 06 Nov 2013 02:31 AM PST Worries Boost Sales of American Eagle Gold Coins U.S. Mint gold-coin sales are on track to exceed last year's totals as worries about the stability of the federal government have attracted buyers back to the market. The Mint has sold 752,500 troy ounces of American Eagle gold coins this year, just shy of last year's total sales of 753,000 ounces, according to the Mint's data. The Mint has struggled to keep up with silver-coin demand for much of 2013. It ran out of the coins in January and imposed limits on coin sales to its authorized dealers. Those limits remain in place. The Mint sold 3.087 million ounces of American Eagle silver coins, up from 3.013 million in September but below October 2012 sales of 3.153 million ounces. This story appeared in The Wall Street Journal yesterday...and it's definitely worth reading.  I thank reader Ken Hurt for sending it our way.

Swiss authorities open criminal probe into Swiss gold refiner Argor-Heraeus Posted: 06 Nov 2013 02:31 AM PST Swiss authorities open criminal probe into Swiss gold refiner Argor-Heraeus Switzerland’s Federal Public Prosecutor opened a criminal investigation into Argor-Heraeus SA to examine allegations the privately-owned company illegally refined gold from the Democratic Republic of Congo from 2004 to 2005. The investigation was initiated after authorities received a criminal complaint from Trial, a Geneva-based non-governmental organization, on Nov. 1. The public prosecutor in Bern “has examined such information and decided to initiate criminal proceedings against the company concerned for suspected money laundering in connection with a war crime and complicity in war crimes,” spokeswoman Jacqueline Buehlmann said in an e-mailed statement, adding that the prosecutor’s office is unable to provide more information given the “secrecy of the investigation.” This Bloomberg story found a home over at the mineweb.com Internet site yesterday...and I thank Ulrike Marx for here second contribution to today's column.  It's worth your time.

Indian gold premiums fall, imports for domestic use resume Posted: 06 Nov 2013 02:31 AM PST Indian gold premiums fall, imports for domestic use resume Gold premiums in India halved on Tuesday from last week because of unusually muted demand during the festival season and as supply was set to improve after some importing agencies began purchasing for domestic use. Local prices were US$60-70 an ounce higher than London prices, compared with a record high of US$130 an ounce last week. India, struggling with a high trade deficit and weak currency, has been trying to curb demand for gold, the second-biggest import item after oil. It has made gold expensive for consumers by setting a record 10 percent import duty and made supplies harder to come. This Reuters story was posted on the moneycontrol.com website late yesterday afternoon IST...and I thank Ulrike Marx once again for bringing it to our attention.

India's Demand to Buy Silver Doubles on Gold Ban, Price Drop Posted: 06 Nov 2013 02:31 AM PST India's Demand to Buy Silver Doubles on Gold Ban, Price Drop Demand to buy silver amongst Indian households has pushed the country's imports of the precious metal to twice last year's level and may set a record in 2013, according to industry experts. Between January and September, silver imports to India totaled more than 4,000 tonnes, already beating full-year 2012 says the Thomson Reuters GFMS consultancy. The world's largest end-consumer of silver bullion as well as gold, India's current record demand to buy silver came at just over 5,000 tonnes in 2008. That figure equals some 16% of total global demand, put around 30,000 tonnes per year. India's demand to buy gold, also the world leader, has been nearer 25%. This article appeared on the bullionvault.com Internet site at noon GMT in London yesterday...and is definitely worth reading.  As I've said before, the last thing that JPMorgan would want is a roaring bull market in silver in India, but they may face that possibility whether they want it or not.  I thank Ulrike Marx for her final contribution to today's column.

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