Gold World News Flash

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• Falling Back in Love with Gold Stocks
• OUTLOOK 2014 – Sierra’s Silver Lining: Cusi Mine To Drive Growth
• Silver – Letting The Market Speak
• Has the Long-term Kress Cycle Bottomed Early?
• The Most Misunderstood Threat Of Economic Implosion
• While major Western Governments try everything to preserve their Fiat Currencies, China continues to accumulate more Gold Bullion
• This Fantastic Chart Predicts A Massive $275 Surge In Gold
• The One Metal Worth Buying in 2014
• The Federal Reserve: 100 Years Of Boom And Bust
• We Give Up! Part 2: Republicans Cave On Budget, Debt Limit, Everything
• Sprott's Rule reports renewed interest in resource sector, particularly from Asia
• New York City Has The Most Homeless Children Since The Great Depression
• Ignoring gold market rigging, Wall Street Journal celebrates Sprott fund's decline
• SILVER Elliott Wave Technical Analysis
• Capital Gold Group Weekly Market Update From Senior Economic Analyst Jon Najarian: December 11, 2013
• Spectacularly Bullish Gold News We Haven’t Seen In 3 Years
• The Gold Price Gave Up $3.90 to $1,258.50
• The Gold Price Gave Up $3.90 to $1,258.50
• Gold Daily and Silver Weekly Charts - JPM the 'Stopper' - Winter Is Here
• Gold Daily and Silver Weekly Charts - JPM the 'Stopper' - Winter Is Here
• This Fantastic Chart Predicts A Massive $275 Surge In Gold
• Zheng Gang: China prepares for financial warfare
• Russian central bank picks symbol for ruble
• Ing, Faber offer contrarian predictions for gold at King World News
• How To know If The Gold Bull Market Has Ended
• Gold Price Action Could Remain Flat Through 2013
• Western Governments Try Everything To Preserve Their Fiat Currencies
• OUTLOOK 2014 - Sierra's Silver Lining: Cusi Mine To Drive Growth
• The “Small” Solution to a Big Tax Problem
• What Big Government Did to Gold Prices
• What Big Government Did to Gold Prices
• What Big Government Did to Gold Prices
• Is North Korea selling ‘large amounts’ of gold to China?
• Flat, cautious action in gold after surge
• Kefi acquires 75% stake in Nyota’s Tulu Kapi gold project
• Can’t-miss headlines: Gold steadies, $0.26/ounce gold M&A & more
• Taper talk boosts gold. Is this a fundamental change in direction?
• How much gold should one hold in a portfolio?
• Gold Will Plummet To $500! Charles Ponzi and I Believe It
• In The News Today
• A Repulsive Use of Capitalism
• How Gold Could Plunge to $500
• This 2014 Surprise Is Going To Cause Gold To Super-Surge
• Jim’s Mailbox
• TF Metals Report: JPM keeps gobbling up December gold deliveries
• TF Metals Report: JPM keeps gobbling up December gold deliveries
• Gold Bars "Sold by North Korea to China": Claim
• Gold Bars "Sold by North Korea to China": Claim
• Look Out Below
• Look Out Below

Falling Back in Love with Gold Stocks Posted: 12 Dec 2013 12:04 AM PST There's a saying that old love never rusts. James West, publisher and editor of The Midas Letter, might have broken it off with the gold space for a while, but he always knew he'd be back when the time was right. In this interview with The Gold Report, West talks about what has convinced him to start shopping for gold stocks again and the unconventional indicators he's using to signal a buy.

OUTLOOK 2014 – Sierra’s Silver Lining: Cusi Mine To Drive Growth Posted: 12 Dec 2013 12:00 AM PST from KitcoNews:

Silver – Letting The Market Speak Posted: 11 Dec 2013 11:30 PM PST by Michael Noonan, SilverBearCafe.com: We are not a source for or fans of endless statistics, like the number of ounces purchased from one period over another, how many ounces are available at the Comex, how many ounces have been mined, the demand for v the production of silver, etc, etc, etc. Too boring. It may satisfy many to know this information, but we are more interested in what translates into results, where can a market turn be determined, where price is likely to go, etc, etc, etc? This is where the challenge lies, for it comes down to timing in order to enter or exit a market, seeking profit opportunity in the process. Read More @ SilverBearCafe.com

Has the Long-term Kress Cycle Bottomed Early? Posted: 11 Dec 2013 11:24 PM PST A reader asks, "I was wondering if it's possible that the long cycles, such as the 60-year cycle, have already bottomed early. Is that even a possibility within the scope of the cycles? It appears that the Fed has complete control of the markets right now. One cannot help but wonder how high they will drive the stock market, and how low they will drive the gold miners. It would seem that the imbalances are beginning to look a little conspicuous."

The Most Misunderstood Threat Of Economic Implosion Posted: 11 Dec 2013 10:00 PM PST from Gold Silver Worlds: Readers turning to alternative news sites often try to explain their concerns with others (friends, family, colleagues, business partners). Empirically we know that most people understand that "something is wrong" but they fail to understand the real underlying threats of our economic system. The real risk is inherently related to our monetary system, a topic that is not understood by the majority of people. There are even no classes at university researching the monetary system and monetary history. Even economists seem to have a hard time understanding and agreeing on how monetary issues and policy impact the economy and markets. An example of this is found in a compilation of TV appearances by Peter Schiff going back to 2006 and 2007 (between 29m03s and 40m). Read More @ GoldSilverWorlds.com

While major Western Governments try everything to preserve their Fiat Currencies, China continues to accumulate more Gold Bullion Posted: 11 Dec 2013 09:40 PM PST from Kitco: In spite of a string of strong economic data from the U.S., the dollar failed to stage a solid rally against other major currencies last week, and the price of gold found support above $1200 an ounce. The global gold market was relatively choppy during the week as traders awaited the latest employment report from the U.S. as well as other economic data and a decision from the European Central Bank (ECB). As to be expected, the price of gold dropped initially on the latest U.S. non-farm payroll report but soon bounced off the lows of $1211 an ounce. And, once again, as Nanex showed, the price of gold fell a mere seven seconds before the report was released. On December 6, 2013, at 8:29:53, which was seven seconds before the 8:30 AM scheduled release of the latest employment numbers, the price of gold as measured by the February 2014 (GC) futures contract plummeted almost $6 on about 600 contracts traded in 50 milliseconds. Read More @ Kitco.com

This Fantastic Chart Predicts A Massive $275 Surge In Gold Posted: 11 Dec 2013 09:20 PM PST from KingWorldNews: We have believed and still believe that gold has bottomed and is putting in a solid base here. We've had a good bounce in recent days as we head into the middle of December. Trading conditions are becoming thin and we obviously have some event risks as people await what comes out of the Fed. And while the equity market has looked a little bit shaky today, it's hard to read too much into this just yet. But circling back to gold, I firmly believe we are building a base to move higher as we head into 2014, but it's hard to say what the gold price will do in the final weeks of 2013. Regardless, gold is certainly building a platform to move higher. Tom Fitzpatrick continues @ KingWorldNews.com

The One Metal Worth Buying in 2014 Posted: 11 Dec 2013 08:40 PM PST by Greg Guenthner, Daily Reckoning.com: The list of finalists in the running for "worst performing asset of the year" is topped by gold, silver and the companies that mine them. No, 2013 was not kind to precious metals. Gold's down more than 26%. Miners are off by more than 52%. It's a bloodbath, to say the least… However, not all precious metals have both feet in the gutter. In fact, there's one metal we've been tracking that looks like it is setting up for a strong 2014. Read More @ DailyReckoning.com

The Federal Reserve: 100 Years Of Boom And Bust Posted: 11 Dec 2013 06:42 PM PST "If we evaluate an organization's performance by what it promised when it was created, the Federal Reserve has clearly failed the American people," is how Murray Sabrin concludes this documentary on the first 100 years of the Fed's reign. The sad truth, he details, is that "the USD has lost more than 95% of its purcahsing power since the Fed was created and the cost of living has skyrocketed since Nixon severed the last linkage between the USD and gold in 1971." In short, the revolution of 1913 shifted power from individuals, communities and states to the federal government and its powerful allies in the private sector.     Submitted by Murray Sabrin via dshort.com, Before we view the documentary, I'd like to put 1913 in historical perspective. 1913 was, in many ways, one of the most extraordinary years in American history. In fact, according to one analyst a revolution took place in 1913. 1913 began with the ratification of the 16th amendment, which gives the federal government authority to tax the income of the American people directly. We will explore the income tax on April 17 next year at a symposium I will moderate. So save the date April 17 at 7 PM in the Trustee's Pavilion. In April of 1913, the 17th amendment to the Constitution was ratified ending the selection of US senators by state legislatures. Now the U.S. Senators would be elected directly by the people. And on December 23 President Wilson signed the Federal Reserve Act giving the United States a permanent central bank. All these events took place at the end of what is known as the Progressive Era, a time of supposedly great reforms to benefit the common man. Half a century ago historian Gabriel Kolko challenged the orthodox view in his trailblazing book, The Triumph of Conservatism. Kolko argued that the progressive era was in reality a time when big business interests used the power of the federal government for their own benefit at the expense of the general public. One of the last so-called reforms of the era was the creation of the Federal Reserve. In short, the revolution of 1913 shifted power from individuals, communities and states to the federal government and its powerful allies in the private sector. Hence, the Progressive Era expanded crony capitalism in America. The documentary, The Federal Reserve: 100 Years of Boom Bust, explores the impact of the Fed on the US economy for the past century.

We Give Up! Part 2: Republicans Cave On Budget, Debt Limit, Everything Posted: 11 Dec 2013 06:14 PM PST A growing number of Americans seem to have concluded that elections offer no real choice, that whoever wins is going to spend and borrow more each year and extend Washington's power here and abroad, so why bother voting? That point of view is being ratified by the budget deal now working its way through Congress. Budget Deal to Ease Spending Cuts Gets Republican Backing Congressional negotiators selling a budget accord won Republican endorsements for the plan to ease automatic U.S. spending cuts for two years, remove the risk of a government shutdown and cut the deficit by $23 billion. The limited agreement seeks to end three years of political gridlock in Congress over spending and revenue that culminated in a 16-day government shutdown in October. Lawmakers' approval ratings in opinion polls have tumbled amid the regular partisan standoffs over the budget. The deal was faulted by some Republicans, including those backed by the small-government Tea Party movement, who say it trades concrete spending cuts that are part of sequestration for future promises. In the House, they are poised to resist Boehner's attempt to win passage this week. "There is a recurring theme in Washington budget negotiations," Senator Rand Paul, a Kentucky Republican, said today in a statement. "It's: I'll gladly pay you Tuesday for a hamburger today. I think it's a huge mistake to trade sequester cuts now, for the promise of cuts later." The bipartisan plan would set U.S. spending at about $1.01 trillion for this fiscal year, higher than the $967 billion required in a 2011 budget plan. The agreement sets spending for defense at $520.5 billion and for non-defense at $491.8 billion. The agreement also cushions the military from a $19 billion cut scheduled next month as part of the across-the-board cuts that lawmakers from both sides warned would hollow out the military and cost U.S. jobs. The agreement, though, falls short of the panel's original goals. It doesn't fully replace the automatic cuts and it will have a marginal effect on the U.S. debt because it doesn't address the growing entitlement programs that are its long-term drivers. It produces a sliver of the $1 trillion to $4 trillion in savings previous budget negotiators sought to identify. Some Thoughts Note the return to business as usual, in the form of more spending now and promises to cut later (just to be clear, the $23 billion of deficit reduction mentioned in the first paragraph of the above article is over ten years, so even if it happens it's a rounding error in a $4 trillion+ annual budget). The past few months’ experience with real cuts via the sequester was more than enough for politicians who have never before had to say "no" to constituents. Now, with great relief, they can go back to saying yes. This week the Republican Party effectively ceased to exist — though one could argue that it actually died during the first Bush administration and has since been wandering the land as a "walking dead" zombie. (For non-zombie aficionados, that's the slow, shambling, pathetic kind rather than the fast, destructive "28 Days Later" kind.) Anyhow, with this deal the Republicans have officially become Democrats, albeit dumber and uglier versions. Which is not to say the Republicans won't win some more elections. Even with all their incoherence and timidity, the fact that they're running against Obamacare might keep them in office in 2014, though that would redefine "irrelevant outcome" for the modern political age. The one notable change that might come from all this is increased odds of the libertarian/Tea Party sub-culture finally forming a separate party. It wouldn't get more than 15% in national elections but would, at least, present voters with a visible choice. Now, why does it matter who's in charge if they're all the same? Because until this week Republicans continued to talk about small government, even though they didn't do much about it, which at least presented a rhetorical choice. Now they can't even talk the talk. The Republican capitulation thus removes the last (admittedly minor) restraint on government spending and borrowing. The doves are in charge of the Fed and "extend and pretend" has captured Congress, so the debt ceiling will quietly jump by another couple of trillion dollars, QE will be extended (though perhaps under a different name) and the debt monetization orgy will shift into an even higher gear. If you're anywhere else in the world but here, and you're comparing our flaccidity to China's strategy of buying so much gold that Swiss refiners are struggling to fill the orders, emulating China is going to look even smarter than before.

Sprott's Rule reports renewed interest in resource sector, particularly from Asia Posted: 11 Dec 2013 05:59 PM PST 8:55p ET Wednesday, December 11, 2013 Dear Friend of GATA and Gold: Sprott Asset Management's Rick Rule today tells King World News of signs of renewed interest in the resource sector and even in junior mining companies, particularly from Asia. An excerpt from the interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/11_S... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT You Don't Have to Wait for Your Monetary Metal: All Pro Gold Has Product for Immediate Delivery Many investors lately report having to wait weeks and even months for delivery of their precious metal orders. All Pro Gold works with the largest wholesalers that have inventory "live" -- ready to go. All Pro Gold can ship these "live" gold and silver products as soon as payment funds clear. All Pro Gold can provide immediate delivery of 100-ounce Johnson Matthey silver bars, bags of 90 percent junk silver coins, and 1-ounce silver Austrian Philharmonics. All Pro Gold can deliver silver Canadian maple leafs with a two-day delay and 1-ounce U.S. silver eagles with a 15-day delay. Traditional 1-ounce gold bullion coins and mint-state generic gold double eagles are also available for immediate delivery. All Pro Gold has competitive pricing, and its proprietors, longtime GATA supporters Fred Goldstein and Tim Murphy, are glad to answer any questions or concerns of buyers about the acquisition of precious metals and numismatic coins. Learn more at www.allprogold.com or email info@allprogold.com or telephone All Pro Gold toll-free at 1-855-377-4653. Join GATA here: Vancouver Resource Investment Conference Vancouver Convention Centre West Sunday-Monday, January 19-20, 2014 Vancouver, British Columbia, Canada http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: http://gata.org/tshirts Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16

New York City Has The Most Homeless Children Since The Great Depression Posted: 11 Dec 2013 05:51 PM PST Submitted by Michael Snyder of The Economic Collapse blog, At a time when Wall Street is absolutely swimming in wealth, New York City is experiencing an epidemic of homelessness.  According to the New York Times, the last time there was this many homeless children in New York City was during the days of the Great Depression.  And the number of homeless children in the United States overall recently set a new all-time record.  As I mentioned yesterday, there are now 1.2 million public school kids in America that are homeless, and that number has gone up by about 72 percent since the start of the last recession.  As Americans, we like to think of ourselves as "the wealthiest nation on the planet", and yet the number of young kids that don't even have a roof over their heads at night just keeps skyrocketing.  There truly are "two Americas" today, and unfortunately most Americans that live in "good America" don't seem to really care too much about the extreme suffering that is going on in "bad America".  In the end, what kind of price will we all pay for neglecting the most vulnerable members of our society? If you live in "good America", I very much encourage you to read an excellent piece about homelessness in New York City that was just published in the New York Times.  What some young kids have to go through on a nightly basis should break all of our hearts... She wakes to the sound of breathing. The smaller children lie tangled beside her, their chests rising and falling under winter coats and wool blankets. A few feet away, their mother and father sleep near the mop bucket they use as a toilet. Two other children share a mattress by the rotting wall where the mice live, opposite the baby, whose crib is warmed by a hair dryer perched on a milk crate. Could you imagine having your own family live like that?  The name of the little girl in the story is Dasani, and every night her family sleeps in a city-run homeless shelter that sounds like it is straight out of a horror movie... Her family lives in the Auburn Family Residence, a decrepit city-run shelter for the homeless. It is a place where mold creeps up walls and roaches swarm, where feces and vomit plug communal toilets, where sexual predators have roamed and small children stand guard for their single mothers outside filthy showers.   It is no place for children. Yet Dasani is among 280 children at the shelter. Beyond its walls, she belongs to a vast and invisible tribe of more than 22,000 homeless children in New York, the highest number since the Great Depression, in the most unequal metropolis in America. You can read the rest of that excellent article right here.  Sadly, there are countless other children just like Dasani that live like this day after day, month after month, year after year. Shouldn't we be able to do better than this as a society?  After all, the stock market has been hovering near record highs lately, and Wall Street is absolutely drenched with wealth for the moment. With so much wealth floating around, why are New York City subways being "overrun with homeless" right now? Something has gone horribly wrong. I think that a recent editorial by David Simon, the creator of the Wire, summarized things pretty well.  We are not "one America" anymore, and most of the people that live in "good America" don't really care much about those living in "bad America"... America is a country that is now utterly divided when it comes to its society, its economy, its politics. There are definitely two Americas. I live in one, on one block in Baltimore that is part of the viable America, the America that is connected to its own economy, where there is a plausible future for the people born into it. About 20 blocks away is another America entirely. It's astonishing how little we have to do with each other, and yet we are living in such proximity.   There's no barbed wire around West Baltimore or around East Baltimore, around Pimlico, the areas in my city that have been utterly divorced from the American experience that I know. But there might as well be. Once upon a time, things were different in America.  Nobody resented businessmen for building strong businesses and making lots of money.  And successful businessmen such as Henry Ford hired large numbers of American workers and paid them very well.  He felt that his workers should make enough money to buy the cars that they were building.  In those days, businessmen were loyal to their workers and workers were loyal to those that employed them. Unfortunately, those days are long gone.  Today, in business schools all over America students are taught that the sole purpose of a corporation is to make as much money as possible for the stockholders.  Not that there is anything wrong with making money.  But at this point we have elevated greed above all other economic goals.  Taking care of one another isn't even a consideration anymore. In the old days, big businesses actually needed our labor.  But that is now no longer the case.  Today, corporations are shipping millions of our jobs overseas and they are replacing as many of us with technology as they possibly can.  The value of the labor of the working man is declining with each passing day. As a result, the fortunes of big business and American workers are increasingly diverging.  For example, the disconnect between employment levels and stock prices has never been greater in this country.  If you doubt this, just check out this chart. And instead of fixing things, Barack Obama is negotiating a secret treaty which will result in millions more American jobs being shipped overseas.  The following is a brief excerpt about this secret treaty from an Australian news source... The government has refused the Senate access to the secret text of the trade deal it is negotiating in Singapore, saying it will only be made public after it has been signed.   As the final round of ministerial talks on the Trans-Pacific Partnership resumed on Sunday, Nobel prize-winning economist Joseph Stiglitz wrote to each of the 12 participating nations warning that the deal and the secrecy surrounding it presented ''grave risks''. So why aren't we hearing much about this secret treaty from U.S. news sources? If this is going to affect millions of American jobs, shouldn't the mainstream media be making a big deal out of this? And even if we weren't losing millions of jobs to the other side of the planet, we would still be losing millions of jobs to advancements in technology.  In fact, a CNBC article that was posted earlier this week seems to look forward to the day when nobody will have to worry about the low pay that fast food workers get anymore because they will all be replaced by droids... Maybe so, but as fast food workers protest low wages and the president of the United States equates hard work with the right to decent pay, the rise of technology once again proves to be no stunt, or laughing matter. McDonald's, where food production is already about as mechanized as food science allows, stopped updating the famous number "served" figure at its restaurants back in 1994—just short of 100 billion—but how long will it be before trillions are served their burgers and fries by a drone, after being cooked by a droid? Those machines work for cheap, and the best thing is, they have no concept of hard work, or dignity, or the foresight to consider whether or not the "cool" things they can do ultimately contribute, or detract, from a strong, consumer-dependent economy. So what is the solution to all of this? Where will the millions of desperately needed jobs for "bad America" come from? Well, it appears that good ideas are in short supply these days.  In fact, some of the ideas being promoted by our "leaders" are absolutely insane.  For example, one prominent entrepreneur recently suggested that the solution to our employment crisis is for Congress to pass an immigration bill which would bring in 30 million more low-skilled workers over the next ten years... Middle class Americans face a tough future because robots and machinery are eliminating their jobs, according to Steve Case, an entrepreneur who earned roughly $1 billion by creating the first successful internet firm, America Online.   But Congress could help the situation by passing an immigration bill that would import some foreign entrepreneurs and almost 30 million low-skilled workers over the next decade, Case told an audience of D.C. lobbyists and lawyers gathered on Tuesday by the business-backed Bipartisan Policy Center. Exactly how would this improve the employment situation in this country? I still cannot figure that one out. But there are people out there that actually believe this stuff. Meanwhile, many parts of Europe are suffering through similar things. The unemployment rate in the eurozone recently hit a new all-time high, and the number of people living in poverty in Europe just continues to grow... Over 124 million people in the European Union – or almost a quarter of its entire population - live under the threat of poverty or social exclusion, a report by EU’s statistical office has revealed.   Last year, 124.5 million people, or 24.8 percent of Europe’s population were at risk of poverty or social exclusion, compared to 24.3 percent in 2011 and 23.7 percent in 2008, the Eurostat said in a document published earlier in the week. So what is going to fix this? Where are the good jobs for workers in North America and Europe going to come from in the years ahead?

Ignoring gold market rigging, Wall Street Journal celebrates Sprott fund's decline Posted: 11 Dec 2013 05:38 PM PST Gold Drop Is Blow to Prominent Hedge-Fund Manager Sprott By Rob Copeland The Wall Street Journal Wednesday, December 11, 2013 One of the world's biggest gold bugs is getting crushed by the metal's steep fall. The flagship fund of prominent Canadian hedge-fund manager Eric Sprott has dropped more than 50 percent this year in what will likely be the third consecutive year of double-digit percentage losses, according to documents sent to investors. Redemptions and weak performance have pushed down hedge-fund assets managed by Mr. Sprott to about $350 million from nearly $3 billion in 2008. The declines are largely due to the conviction of Mr. Sprott -- for the most part unshaken -- that gold and other precious metals will rise in the long term. ... ... For the full story: http://online.wsj.com/news/articles/SB1000142405270230420220457925230118... ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Vancouver Resource Investment Conference Vancouver Convention Centre West Sunday-Monday, January 19-20, 2014 Vancouver, British Columbia, Canada http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: http://gata.org/tshirts Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 ADVERTISEMENT How to profit with silver -- and which stocks to buy now Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...

SILVER Elliott Wave Technical Analysis Posted: 11 Dec 2013 05:04 PM PST Last analysis of Silver expected more upwards movement towards a target at 20.184 before the resumption of the downwards trend for one final fifth wave. Upwards movement continued and has reached 0.305 above the target so far. Read More...

Capital Gold Group Weekly Market Update From Senior Economic Analyst Jon Najarian: December 11, 2013 Posted: 11 Dec 2013 04:51 PM PST CGG Weekly Market Update From Senior Economic Analyst Jon Najarian: December 11, 2013 [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Spectacularly Bullish Gold News We Haven’t Seen In 3 Years Posted: 11 Dec 2013 04:45 PM PST As the modern world seems to move directly from one crisis to another, today one of the wealthiest people in the financial world spoke with King World News about incredibly bullish gold news that he hasn't seen in 3 years. This is an important interview with Rick Rule, who is business partners with billionaire Eric Sprott, where he lays out exactly what this bullish news is, and it will surprise KWN readers around the world. Below is what Rule had to say in this timely and powerful interview. This posting includes an audio/video/photo media file: Download Now

The Gold Price Gave Up $3.90 to $1,258.50 Posted: 11 Dec 2013 04:11 PM PST Gold Price Close Today : 1262.40 Change : 27.10 or 2.19% Silver Price Close Today : 20.256 Change : 0.612 or 3.12% Gold Silver Ratio Today : 62.322 Change : -0.562 or -0.89% Silver Gold Ratio Today : 0.01605 Change : 0.000143 or 0.90% Platinum Price Close Today : 1387.80 Change : -7.20 or -0.52% Palladium Price Close Today : 738.00 Change : -1.30 or -0.18% S&P 500 : 1,802.62 Change : -5.75 or -0.32% Dow In GOLD$ : $261.56 Change : $ (6.61) or -2.47% Dow in GOLD oz : 12.653 Change : -0.320 or -2.47% Dow in SILVER oz : 788.56 Change : -27.23 or -3.34% Dow Industrial : 15,973.13 Change : -52.40 or -0.33% US Dollar Index : 79.979 Change : -0.177 or -0.22% The GOLD PRICE gave up $3.90 to $1,258.50 while silver added 4.2 cents to 2029.8c. This was a satisfactory day, despite the GOLD PRICE retreat. Gold merely touched back to its 20 DMA ($1,252) and stopped. This came after a brisk three-day climb. That's sound, that's solid. Also, volume dropped today. On Comex the SILVER PRICE actually added 4.2 cents but at day's end it was down 14 cents to 2027c, still way above the 20 dma (1997c). All other indicators still point in the same direction: up. What I missed telling y'all yesterday is that over the last three to four days both metals have pierced the downtrend line from the November highs. That downtrend line forms the top of a falling wedge, by the way, and these have fooled us in the past. They ought to break out upside, and they have been doing that for the last year and more, but then they keep failing and falling back. Wherefore, let us demand more confirmations, such as 1. A close above the 50 day moving averages, now $1,278 and 2113c. 2. Closes above the last highs, 2309c and $1,362. 3. Remaining above support about 2000c and $1,252. So what can I say to all this? That we tentatively have a bottom, 6 December's closes at 1946.5c and $1,230.30, AS LONG AS they continue to meet the hurdles above. I bought a tiny bit today. This is getting better day by day, but I am still braced against a disappointment. Better pay attention to those key reversals and descending peaks. Otherwise, they'll come back to bite you like they did stocks today. Stocks gained 204.02 in two days last week, in one day alone adding 198.69 points. In the last two days, they've lost 182 points, and that's not over. Another caveat: got to watch those B-waves. Markets often correct in a wave down, wave up, wave down pattern -- ABC. B-wave corrections are often so strong they'll fool you into believing the correction has passed. It hasn't. Dow today lost 129.6 (0.81%) to 15,843.53. S&P500 misplaced some 20.4 points (1.13%) to land on 1,782.22. All the other indices I watch fell today, too, and ended at the lows. What's stacked against stocks? Both indices closed beneath their 20 day moving average (15,970 and 1,796). S&P500 is heading for the upper boundary line of its former trading range where it "threw over" (crossed above the upper boundary). Dow closed right at that line today. MACD honked a SELL signal on 1 December, RSI is falling, Rate of Change for both has gone into negative territory. All this witnesses that momentum points firmly down and lower prices will come. Now let us turn to my fav-O-rite indicators, the Dow in Gold and the Dow in Silver. Oh, yes, both dropped today, yea, and both stand well below their 20 DMA (12.77 oz and 800 oz). MACD, RSI, RoC all point down. Dow in gold ended the day at 12.6 oz (G$260.46 gold dollars), lower by 0.49%. Dow in silver fell to 778.32 oz, losing 0.55% from yesterday. Yea, I confess, it is too early to proclaim with certainty that silver and gold have turned up against stocks, but that appears to be the case. (Remember, these indicators RISE as stocks gain value against silver and gold, and FALL when stocks are weaker than silver and gold.) Both indicators have traced double tops, and now turned down. Closes below the 50 and 200 day moving averages will add confirmation, but the big confirmation comes when they close once more beneath the long term downtrend line. For DiS that's about 595 oz right now, for DiG about 10.2 oz. YO! Nice Government Men! YO! Don't y'all care about the US dollar index? It's dropping like your glasses into the lake when they slip off your face fishing. Today the dollar index lost 8 more basis points (0.11%) to 79.88, and sits below that support line that stretches back to late 2011. This does not look promising. If it falls, nothing stands underneath to catch the buck except, oh, 78, or 74.75. The mighty euro, Franken-currency extraordinaire, rose 0.19% today to $1.3786, pushing hard for the downtrend line at $1.3800 +. I know all those German manufacturers are just thrilled to see the rising euro price their exports out of the market against the US and Japan. Yen continued a two day winning streak -- two day? -- rising 0.40% to 97.65 cents/Y100. It might have caught, but must rise a long way to confirm that change of heart. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2013, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.

The Gold Price Gave Up $3.90 to $1,258.50 Posted: 11 Dec 2013 04:11 PM PST Gold Price Close Today : 1262.40 Change : 27.10 or 2.19% Silver Price Close Today : 20.256 Change : 0.612 or 3.12% Gold Silver Ratio Today : 62.322 Change : -0.562 or -0.89% Silver Gold Ratio Today : 0.01605 Change : 0.000143 or 0.90% Platinum Price Close Today : 1387.80 Change : -7.20 or -0.52% Palladium Price Close Today : 738.00 Change : -1.30 or -0.18% S&P 500 : 1,802.62 Change : -5.75 or -0.32% Dow In GOLD$ : $261.56 Change : $ (6.61) or -2.47% Dow in GOLD oz : 12.653 Change : -0.320 or -2.47% Dow in SILVER oz : 788.56 Change : -27.23 or -3.34% Dow Industrial : 15,973.13 Change : -52.40 or -0.33% US Dollar Index : 79.979 Change : -0.177 or -0.22% The GOLD PRICE gave up $3.90 to $1,258.50 while silver added 4.2 cents to 2029.8c. This was a satisfactory day, despite the GOLD PRICE retreat. Gold merely touched back to its 20 DMA ($1,252) and stopped. This came after a brisk three-day climb. That's sound, that's solid. Also, volume dropped today. On Comex the SILVER PRICE actually added 4.2 cents but at day's end it was down 14 cents to 2027c, still way above the 20 dma (1997c). All other indicators still point in the same direction: up. What I missed telling y'all yesterday is that over the last three to four days both metals have pierced the downtrend line from the November highs. That downtrend line forms the top of a falling wedge, by the way, and these have fooled us in the past. They ought to break out upside, and they have been doing that for the last year and more, but then they keep failing and falling back. Wherefore, let us demand more confirmations, such as 1. A close above the 50 day moving averages, now $1,278 and 2113c. 2. Closes above the last highs, 2309c and $1,362. 3. Remaining above support about 2000c and $1,252. So what can I say to all this? That we tentatively have a bottom, 6 December's closes at 1946.5c and $1,230.30, AS LONG AS they continue to meet the hurdles above. I bought a tiny bit today. This is getting better day by day, but I am still braced against a disappointment. Better pay attention to those key reversals and descending peaks. Otherwise, they'll come back to bite you like they did stocks today. Stocks gained 204.02 in two days last week, in one day alone adding 198.69 points. In the last two days, they've lost 182 points, and that's not over. Another caveat: got to watch those B-waves. Markets often correct in a wave down, wave up, wave down pattern -- ABC. B-wave corrections are often so strong they'll fool you into believing the correction has passed. It hasn't. Dow today lost 129.6 (0.81%) to 15,843.53. S&P500 misplaced some 20.4 points (1.13%) to land on 1,782.22. All the other indices I watch fell today, too, and ended at the lows. What's stacked against stocks? Both indices closed beneath their 20 day moving average (15,970 and 1,796). S&P500 is heading for the upper boundary line of its former trading range where it "threw over" (crossed above the upper boundary). Dow closed right at that line today. MACD honked a SELL signal on 1 December, RSI is falling, Rate of Change for both has gone into negative territory. All this witnesses that momentum points firmly down and lower prices will come. Now let us turn to my fav-O-rite indicators, the Dow in Gold and the Dow in Silver. Oh, yes, both dropped today, yea, and both stand well below their 20 DMA (12.77 oz and 800 oz). MACD, RSI, RoC all point down. Dow in gold ended the day at 12.6 oz (G$260.46 gold dollars), lower by 0.49%. Dow in silver fell to 778.32 oz, losing 0.55% from yesterday. Yea, I confess, it is too early to proclaim with certainty that silver and gold have turned up against stocks, but that appears to be the case. (Remember, these indicators RISE as stocks gain value against silver and gold, and FALL when stocks are weaker than silver and gold.) Both indicators have traced double tops, and now turned down. Closes below the 50 and 200 day moving averages will add confirmation, but the big confirmation comes when they close once more beneath the long term downtrend line. For DiS that's about 595 oz right now, for DiG about 10.2 oz. YO! Nice Government Men! YO! Don't y'all care about the US dollar index? It's dropping like your glasses into the lake when they slip off your face fishing. Today the dollar index lost 8 more basis points (0.11%) to 79.88, and sits below that support line that stretches back to late 2011. This does not look promising. If it falls, nothing stands underneath to catch the buck except, oh, 78, or 74.75. The mighty euro, Franken-currency extraordinaire, rose 0.19% today to $1.3786, pushing hard for the downtrend line at $1.3800 +. I know all those German manufacturers are just thrilled to see the rising euro price their exports out of the market against the US and Japan. Yen continued a two day winning streak -- two day? -- rising 0.40% to 97.65 cents/Y100. It might have caught, but must rise a long way to confirm that change of heart. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2013, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.

Gold Daily and Silver Weekly Charts - JPM the 'Stopper' - Winter Is Here Posted: 11 Dec 2013 01:26 PM PST

Gold Daily and Silver Weekly Charts - JPM the 'Stopper' - Winter Is Here Posted: 11 Dec 2013 01:26 PM PST

This Fantastic Chart Predicts A Massive $275 Surge In Gold Posted: 11 Dec 2013 01:12 PM PST On the heels of some consolidation of yesterday's gains in the gold and silver markets, today top Citi analyst Tom Fitzpatrick spoke with King World News about what to expect in the remaining weeks of 2014. Fitzpatrick also sent King World News a tremendous gold chart which predicts a massive $275 surge in the price of gold. Below is what Fitzpatrick had to say along with his key chart. This posting includes an audio/video/photo media file: Download Now

Zheng Gang: China prepares for financial warfare Posted: 11 Dec 2013 01:09 PM PST 4:08p ET Wednesday, December 11, 2013 Dear Friend of GATA and Gold: Gold researcher and GATA consultant Koos Jansen today translates into English and publishes commentary written in June by Chinese financial management executive Zheng Gang about what he considers a financial war being waged against the world by the United States. "The strategic 'game' to preserve the U.S. dollar's global status is now the focus of international political and economic activity," Zheng writes. "The U.S. makes a new kind of non-military offensive against developing and transforming countries derived from her ability to set favorable rules, an ability she possesses through dollar hegemony." Zheng's commentary is titled "China Prepares for Financial Warfare" and it's posted at Jansen's Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/china-prepares-for-financial-warfare CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Vancouver Resource Investment Conference Vancouver Convention Centre West Sunday-Monday, January 19-20, 2014 Vancouver, British Columbia, Canada http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: http://gata.org/tshirts Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 ADVERTISEMENT How to profit with silver -- and which stocks to buy now Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...

Russian central bank picks symbol for ruble Posted: 11 Dec 2013 12:47 PM PST From The Moscow Times Wednesday, December 11, 2013 http://www.themoscowtimes.com/business/article/central-bank-picks-symbol... MOSCOW -- Russia unveiled Wednesday a sign that will be used to represent the ruble alongside other major world currencies. The new symbol, which resembles the Latin letter "P" with a horizontal score through it, will be used by the Central Bank and appear on Russia's coins and banknotes, financial officials told reporters. The sign was approved by the central bank after a period of public consultation, during which 61 percent of participants voted for the eventual winner, Central Bank Chairwoman Elvira Nabiullina said. ... Dispatch continues below ... ADVERTISEMENT You Don't Have to Wait for Your Monetary Metal: All Pro Gold Has Product for Immediate Delivery Many investors lately report having to wait weeks and even months for delivery of their precious metal orders. All Pro Gold works with the largest wholesalers that have inventory "live" -- ready to go. All Pro Gold can ship these "live" gold and silver products as soon as payment funds clear. All Pro Gold can provide immediate delivery of 100-ounce Johnson Matthey silver bars, bags of 90 percent junk silver coins, and 1-ounce silver Austrian Philharmonics. All Pro Gold can deliver silver Canadian maple leafs with a two-day delay and 1-ounce U.S. silver eagles with a 15-day delay. Traditional 1-ounce gold bullion coins and mint-state generic gold double eagles are also available for immediate delivery. All Pro Gold has competitive pricing, and its proprietors, longtime GATA supporters Fred Goldstein and Tim Murphy, are glad to answer any questions or concerns of buyers about the acquisition of precious metals and numismatic coins. Learn more at www.allprogold.com or email info@allprogold.com or telephone All Pro Gold toll-free at 1-855-377-4653. The decision to seek a symbol for the ruble comes as Russia strives to extend its global economic reach. In recent years Prime Minister Dmitry Medvedev has championed a drive to make Moscow an international financial center and has called for the ruble to become one of the world's reserve currencies. Ruble coins with the new symbol will be introduced into circulation in 2014, First Deputy Central Bank Chairman Georgy Luntovsky said. Nabiullina told reporters that there are no plans to force people to use the new sign. Some critics have said that the sign will be confusing for foreigners. In Russian, the letter "P" is sounded as an "R," while to English speakers it will look simply look like the Latin letter "P" and have no obvious link to the word "ruble." Other variations originally proposed by the financial regulator included different forms of the Latin letter "R." Nabiullina brushed aside the potential for confusion. "'Dollar' does not begin with the letter 'S,'" she said. * * * Join GATA here: Vancouver Resource Investment Conference Vancouver Convention Centre West Sunday-Monday, January 19-20, 2014 Vancouver, British Columbia, Canada http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: http://gata.org/tshirts Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16

Ing, Faber offer contrarian predictions for gold at King World News Posted: 11 Dec 2013 12:37 PM PST 3:34p ET Wednesday, December 11, 2013 Dear Friend of GATA and Gold: King World News has gold- and gold mining-friendly and perfectly contrarian predictions from Maison Placements' John Ing here -- http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/11_T... -- and from financial letter writer Marc Faber here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/10_F... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Vancouver Resource Investment Conference Vancouver Convention Centre West Sunday-Monday, January 19-20, 2014 Vancouver, British Columbia, Canada http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: http://gata.org/tshirts Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 ADVERTISEMENT How to profit with silver -- and which stocks to buy now Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...

How To know If The Gold Bull Market Has Ended Posted: 11 Dec 2013 12:35 PM PST In this article, author Peter de Graaf provides a “checklist” with 11 signs that will reveal the end of the gold bull market. He explains based on several charts that we are not even close to that point. (chart courtesy Stockcharts.com). Central banks will have stopped their money printing madness. The US Federal Government will have balanced its budget. China will have invested 20% of its trading surplus in gold. The US CPI will have peaked at a rate above 10%. The public in the USA, Canada, Australia and Europe will have bought gold with their savings, including a goodly portion of their tax free savings. The public in India and China will have turned from buyers to sellers. Sellers of gold will have a currency available to them that offers stability. Financial headlines will have featured stories of gold mining stocks that rose from pennies to a hundred dollars.  (In 1975 Lion Mines could be purchased at 0.07c a share – in 1980 the share price was $380!  Wharf Resources traded at 0.40c in 1975 – by 1980 the price had risen to $560). TV screens will have featured lineups of buyers at coin shops. Crude oil will have reached a record high price. Silver will have outperformed gold on a percentage basis.   Featured is the daily bar chart for gold bullion expressed in US dollars.  Price is breaking out from beneath five weeks of resistance.  The pattern is a bullish falling wedge.  A closing price above the blue arrow will confirm a major bottom at the $1200 level.  A subsequent breakout at the green arrow turns the trend bullish.  The supporting indicators are turning positive.  Our proprietary Gold Direction Indicator bottomed at 19% on December 3rd and closed at 51% on December 10th. Here is a longer-term look at the current gold bull market, with a log scale chart.  Notice the rising channel.  The supporting indicators have turned positive, including the important Accumulation/Distribution line. "The History of the US FED:   Create a problem.   Solve the problem.   Get praise for solving the problem.   Make sure the solution leads to the next problem  Back to #1."  …..Dr. Gary North. Featured is the index that compares gold bullion to the DOW Jones Industrials.  The index is trying to bottom, and a closing price above the blue arrow will be the first sign of confirmation.  A breakout at the green arrow will convince a lot of investors to move funds from the stock market into gold.  The supporting indicators are positive. Featured is the daily bar chart for gold expressed in foreign currencies.  Price is breaking out here as well, and volume was very heavy (green arrow).  The supporting indicators have been showing bullish divergence and now they are turning positive.  A breakout at the blue arrow turns the trend bullish. This chart courtesy Cotpricecharts.com shows the 'net short' position of commercial gold traders fell for the fifth consecutive week, to 21,000 compared to 28,000 the week before.  As a percentage of open interest the number is a bullish 6%.  This compares to 5.5% on July 2nd.  That was just before gold rose from $118t6 to $1435. Featured is GDX, the gold and silver producers ETF.  Price is breaking out from a falling wedge pattern (green box).  The supporting indicators have been showing bullish divergence and are now turning positive.  The increase in volume is indicative of strong hands buying from weak hands.  A breakout at the blue arrow will confirm the bottom, while a breakout at the green arrow turns the trend bullish. This chart courtesy Goldchartsrus.com shows the massive amount of gold that is moving into China via Hong Kong. As long as this trend continues, the fundamentals for gold are positive, and the bull market lives on. Featured is the daily bar chart for silver.  Price broke out from a bullish falling wedge formation on December 9th, and confirmed the breakout the next day.  The supporting indicators are turning positive with lots of room to rise higher.  A breakout at the blue arrow will confirm a large ABC bottom, and a breakout at the green arrow turns the trend bullish. US Geological Society 2010 report:  "Silver will be the first element in the periodic table that would become extinct." This chart courtesy Cotpricecharts.com shows the 'net short' position of commercial silver traders slipped to 12,000, compared to 16,000 the week before.  As a percentage of open interest the number is a bullish 9%.   Peter Degraaf is an online stocks and bullion investor. He has over 50 years of investing experience.  He publishes a daily report for his many subscribers.  To receive a sample copy of a report, you are advised to send him an Email via www.pdegraaf.com

Gold Price Action Could Remain Flat Through 2013 Posted: 11 Dec 2013 12:16 PM PST Gold prices could remain in a tight trading range through the rest of the year as market participants square away 2013 positions, ETF Securities' Mike McGlone tells TheStreet's Joe Deaux. [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Western Governments Try Everything To Preserve Their Fiat Currencies Posted: 11 Dec 2013 11:59 AM PST In spite of a string of strong economic data from the US, the dollar failed to stage a solid rally against other major currencies last week, and the price of gold found support above $1200 an ounce. The global gold market was relatively choppy during the week as traders awaited the latest employment report from the US as well as other economic data and a decision from the European Central Bank (ECB). As to be expected, the price of gold dropped initially on the latest US non-farm payroll report but soon bounced off the lows of $1211 an ounce. And, once again, as Nanex showed, the price of gold fell a mere seven seconds before the report was released. On December 6, 2013, at 8:29:53, which was seven seconds before the 8:30 AM scheduled release of the latest employment numbers, the price of gold as measured by the February 2014 (GC) futures contract plummeted almost $6 on about 600 contracts traded in 50 milliseconds. At 1.6 seconds before the news release, about 2,000 March 2014 5-Year T-Note Futures contracts sent prices down so fast, that trading halted for 5 seconds: which included the time of the news release. The same thing happened during the Employment numbers release in June. Meanwhile, the Dow Jones and S&P recently made new all-time highs.  The DOW rebounded strongly after dropping to as low as 15791 and closed above the 16000 handle at 16020. At the same time the S&P 500 also closed back above 1800 level at 1805. The yield on the US 30 year note closed at new high of 3.917% and the yield on the 10 year note also closed higher at 2.883%. Over the weekend, it was reported that China had its biggest trade surplus in almost five years. In November, China’s trade surplus rose to $33.8 billion from $31.1 billion the month before. Exports staged a rebound, rising 12.7% from November last year, well ahead of October’s 5.6% growth. But, imports grew a more modest 5.3% year-over-year. While China's foreign exchange reserves increase to a whopping $3.6 trillion, many US government officials as well as leading business personalities have labelled the Chinese currency manipulators. But, it seems that the US financial policy makers, together with their banking cronies and leading business people are the real culprits here as they have attempted to manipulate interest rates, currencies, energy prices, while suppressing the price of gold and silver. Not to mention how they cheated their own clients by selling them toxic mortgages. And, now the US Fed has flood the financial system with easy money causing various different classes of assets to rise while debasing their own currency. There is a complete disconnect with the value of the greenback, US Treasury yields and the price of gold. Under normal conditions, a strong economy as reflected in rising stock prices would increase the value of the respective currency and yields on government bonds should be stable reflecting a low risk environment. However, in the US, as prices of stocks continue to rise, the US dollar is not gaining value against its major peers and Treasury yields have been edging higher. I believe this is sign that investors are not convinced about the current situation. I expect to see the yield on the benchmark 10-Year Treasury hit 3% soon.  In the meantime, the price of gold has fallen to almost $1200 an ounce. On Friday, the US Labour Department reported that non-farm payrolls increased by as much as 203,000. And, the October figure was revised upwards to 200,000. November's employment gain was the biggest in three months. The median forecast of 89 economists surveyed by Bloomberg called for a 185,000 advance, with estimates ranging from increases of 115,000 to 230,000. The participation rate increased 63% in November, the first gain since June. A month earlier it fell to 62.8%, the lowest level since March 1978. The unemployment rate dropped to a five-year low of 7% in November, boosting speculation the US Federal Reserve may start to taper its monetary stimulus as soon as this month. Policy makers at the Fed, who next meet on December 17-18, have said they will keep buying bonds in a bid to lower long-term borrowing costs until the outlook for the job market has "improved substantially." At the same time, Fed Chairman Ben Bernanke has said the benchmark interest rate will remain low at least as long as the jobless rate is above 6.5 percent. In other economic news, US third quarter GDP growth was revised up, the number of new applications for unemployment benefits fell by 23,000 last week to 298,000, and manufacturing conditions improved in November to their best level in more than two years. The Institute for Supply Management's manufacturing index climbed to 57.3% from 56.4% in October, reaching the highest level since April 2011. The strong economic data has reinforced the case that Fed will taper their programme of buying $85 billion per month of Treasury and mortgage-backed securities. So, it will be interesting to see what the Fed decides to do, if anything, in their upcoming meeting. At the latest meeting held by the ECB, President Mario Draghi said that The European Central Bank will keep its benchmark rate unchanged at a record low after policy makers assessed new economic forecasts. The Governing Council meeting in Frankfurt left the main refinancing rate at 0.25% after cutting it by one quarter basis point last month. The Bank of England also kept its benchmark rate at 0.5%, and left its asset-purchase target at 375 billion pounds ($613 billion). As policy makers and government officials of the major Western economies continue to shun gold as they attempt to preserve their current fiat currencies, China has been buying massive amounts of gold. According to Hong Kong customs data, China imported 148 tons of gold in October which was the second highest monthly import ever through Hong Kong, second only to the 224 tons imported in March of 2013. Compared to a year ago, when the price of gold was over 30% higher, China has imported over 200% more than the 48 tons it bought through Hong Kong a year ago. On a net basis, October was also the second busiest month for Chinese gold imports, soaring to a near record 131.2 tons, second only to March’s 136.2 tons, and represents the sixth consecutive month in which China has imported more than 100 tons of gold net of exports. These numbers of course exclude gold procured in China using other means, such as imports via other venues, as well as internally produced gold. While it is difficult to calculate exact figures, it appears that China has bought in excess of 1200 tons already this year. If the figures are correct it seems that since September 2011, China has imported a whopping 2380 tons of gold. And, since 2009, the Shanghai Gold Exchange has delivered more than 8000 tons! According to an article published by Reuters, China’s Yuan also known as the renminbi has become the second-most used currency in trade finance, surpassing the euro. The market share of Yuan usage in trade finance, or Letters of Credit and Collection, grew to 8.66% in October 2013. That improved from 1.89% in January 2012. The Yuan now ranks behind the U.S. dollar, which remains the leading currency with a share of 81.08%. The top five countries using the Yuan for trade finance in October were China, Hong Kong, Singapore, Germany and Australia, SWIFT said in a statement. The world’s second-largest economy is accelerating the pace of financial reform to promote its currency to international players beyond Hong Kong. China aims to lift the Yuan's global clout and reduce its reliance on the U.S. dollar. It is also believed that the renminbi will eventually have some sort of gold backing. Interestingly, while major Western banks have been found guilty of one transgression after another, I don't believe that any Chinese bank participated in these devious schemes. And, when it comes to gold, I will follow the Chinese and not the US. I will take advantage of these lower prices to buy more and not to sell.  I also believe that the price of gold has made its lows for the year. Technical picture Gold prices have found solid support above the $1200 an ounce level. I expect to see further consolidation but believe that prices have completed the correction which began in September.

OUTLOOK 2014 - Sierra's Silver Lining: Cusi Mine To Drive Growth Posted: 11 Dec 2013 11:51 AM PST Kitco News' kicks off its "Mining Minutes" Outlook 2014 series with Thomas Robyn, VP of exploration with Sierra Metals, to get his take on the mining industry. "Everybody will be cutting costs,"... [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

The “Small” Solution to a Big Tax Problem Posted: 11 Dec 2013 11:08 AM PST If the government levies taxes on landowners, retailers, corporations, and individuals, it is far from certain that the targeted interest groups will actually pay the tax. Depending on a variety of factors, they may be able to roll over or shift the tax to other people (tenants, consumers, workers, etc.) either partly or entirely. As Alfred Marshall said: "There is scarcely any economic principle which cannot be aptly illustrated by a discussion of the shifting of the effects of some taxes." The Swedish Nobel Laureate, economist, sociologist, and politician Karl Gunmar Myrdal also contended that the results of taxes can "diverge greatly" from the intentions. (All government interventions in free markets lead to unintended consequences.) This was already obvious to David Ricardo, who commented: "Almost all taxes on production fall finally on the consumer." Nordic countries…are in nature more like country clubs where the members share a common interest and pride themselves on maintaining the club in perfect condition… Another issue relates to what percentage of total revenues a government should collect from indirect taxes (sales taxes, taxes on tobacco, gambling, alcohol, gasoline, all kinds of transaction taxes, and import duties), which tend to be somewhat regressive, and how much it should raise through direct taxes (income, capital gains, property taxes, etc.). This is an issue that preoccupied John Stuart Mill, whose view was: "The very reason which makes direct taxation disagreeable, makes it preferable…. If all taxes were direct, taxation would be much more perceived than at present; and there would be a security which now there is not, for economy in the public expenditure". This is an excellent point. If every American had only to pay income taxes and the government collected no revenues from indirect taxes, which are less visible to people, there would likely be a revolution, because Americans would suddenly realise how much tax they were paying (my guess is around 25% of their income) for a government that is incapable of achieving any meaningful military successes abroad, that is failing to successfully implement a healthcare website for which it has already paid US$600 million, and which cannot provide a school system to which people are happy to entrust their children's education. However, by far the largest issue I have with PIMCO's Bill Gross's proposal to increase capital gains taxes (which I discussed in my essay “The World’s Only Popular Tax”) is that I oppose higher taxes under any circumstances because higher taxes allow the government to expand and, in the process of expanding, to retard economic growth and curtail individual freedom. Bob Hoye recently sent out a missive highlighting the difference between the expansion of the Fed's balance sheet during the Second World War and since 2009. According to Hoye, extraordinary funding measures between 1940 and 1944 were justifiable because "World War II was prosecuted in the defense of freedom", whereas the recent increase "has been to fund the expansion of the state for the state itself" and "ironically, this has been part of a relentless attempt to extinguish freedom". But aside from this, we are all aware of how dysfunctional and wasteful the US government is. In some European countries, the situation is not much better or is even worse. Does anyone really want to give the government more money with which to wage additional senseless and extremely costly wars, and to distribute even more food stamps, and to allow even more people to receive disability benefits? Concerning taxes, I side with Milton Friedman, who argued: "I am [in] favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible". Along the same lines, I am also in favour of cutting government expenditures under any circumstances and for any excuse, for any reason, whenever it's possible. In this respect, it is interesting to note that Switzerland, which has relatively low taxes, enjoys a high level of prosperity and low unemployment, and has a balanced household budget. As a percentage of all households, Switzerland also has a far higher number of millionaires than the US . I concede that it is natural for small low-tax countries or city-states with a high degree of freedom and good infrastructure to attract a large number of wealthy people. Lastly, income inequality as measured by the so-called "Gini coefficient" is relatively low in Switzerland. I am not singling out Switzerland because I am Swiss, but because I wish to show that we may have to look not just at tax rates but also at other factors in order to explain high income and wealth inequality. I do concede, however, that income inequality is low in the high-tax regimes of the European Nordic countries and high in the low-tax regimes of Hong Kong and Singapore. I mentioned that I would always be in favour of lower taxes and lower government spending. However, I have sympathy with the economic and social system in Nordic countries, where people contribute to the government a large portion of their income but also get in return first- class schools, healthcare facilities, and other social benefits. Friedrich Hayek explained in The Road to Serfdom that the world would be a better place if it consisted of smaller nations. My friend, the economist Jim Walker , recently drew my attention to Hayek's comment in his book: We shall not rebuild civilisation on a large scale. It is no accident that on the whole there was more beauty and decency to be found in the life of small peoples, and that among the large ones there was more happiness and content in proportion as they had avoided the deadly blight of centralisation. Least of all shall we preserve democracy or foster its growth if all the power and most of the important decisions rest with an organisation far too big for the common man to survey or comprehend. Nowhere has democracy ever worked well without a great measure of local self-government, providing a school of political training for the people at large as much as for their future leaders. It is only where responsibility can be learnt and practised in affairs with which most people are familiar, where it is the awareness of one's neighbour rather than some theoretical knowledge of the needs of other people which guides action, that the ordinary man can take a real part in public affairs because they concern the world he knows. Where the scope of the political measures becomes so large that the necessary knowledge is almost exclusively possessed by the bureaucracy, the creative impulses of the private person must flag. I believe that here the experience of the small countries like Holland and Switzerland contains much from which even the most fortunate larger countries like Great Britain can learn. We shall all be the gainers if we can create a world fit for small states to live in. Heinz Blasnik, a leading expert on Austrian Economics, supplied another Hayek thought from the same book, which relates to a change in moral values that is brought about by the advance of collectivism. According to Hayek, There is one aspect of the change in moral values brought about by the advance of collectivism which at the present time provides special food for thought. It is that the virtues which are held less and less in esteem and which consequently become rarer are precisely those on which the British people justly prided themselves and in which they were generally agreed to excel. The virtues possessed by Anglo-Saxons in a higher degree than most other people, excepting only a few of the smaller nations, like the Swiss and the Dutch, were independence and self-reliance, individual initiative and local responsibility, the successful reliance on voluntary activity, noninterference with one's neighbor and tolerance of the different and queer, respect for custom and tradition, and a healthy suspicion of power and authority. The point is that what may work in terms of state involvement in small societies such as the Nordic countries, which are in nature more like country clubs where the members share a common interest and pride themselves on maintaining the club in perfect condition, is unlikely to work in population-rich countries where different interest groups are eager to benefit at the expense of someone else. I should add that these "Country Club Nordic Societies" are likely to change in the years ahead as immigrants from Eastern Europe and Africa settle there in order to take advantage of the generous social benefits and high educational standards. The high wealth and income inequality in Hong Kong and Singapore is undesirable but needs to be understood in the following context. Because of their low taxes and high degree of freedom, both cities have attracted wealthy people from all over the world, which explains the high number of millionaires in these cities. Furthermore, the expansionary US monetary policies created colossal asset bubbles in these two cities' high-end real estate markets (this applies particularly to Hong Kong, whose currency is pegged to the US dollar) and is much in line with record high art, precision watch, wine, and diamond prices for the highest-quality pieces. But the difference between the wealth and income inequality in Singapore and Hong Kong, and that in the US, is that most people in these two cities (the so-called 90%) enjoy better living conditions than 15 years ago and their net worth has appreciated, whereas in the US this is not the case. Regards, Marc Faber for The Daily Reckoning Ed. Note: It’s too late for the U.S. to go with a “small is better” approach to socio-economic reform. Of course, that doesn’t mean it’s doomed to failure. It just means that you have to be more careful of how you manage your money, and more diligent in where you decide to invest. That’s where The Daily Reckoning comes in… The free email edition of The Daily Reckoning comes complete with several chances (no less than 3) to discover real, actionable advice from some of the most respected names in the investment world. And it gets delivered, for FREE, straight to your inbox every afternoon. Bottom Line: If you’re not getting The Daily Reckoning email edition, you’re only getting half the story. Sign up for FREE, right here.

What Big Government Did to Gold Prices Posted: 11 Dec 2013 10:05 AM PST Paying attention? A very rare year says the early 21st century trend in gold ain't done...   GOVERNMENT didn't shrink in 2013, writes Adrian Ash at BullionVault.   But the crash in gold prices might just reflect the fact it didn't grow so fast.   First though, if you live anywhere but the United States, today was a special day on your calendar.   11 December 2013 marked the last sequential date for almost a century.    Indeed, at ten-past-nine Wednesday morning, the date read 9.10, 11/12/13.    Hope you enjoyed while it lasted. US calendars will show 12, 13, 14 on December 13th next year. But that's the last sequential date for the Common Era until 1 February 2103. The 21st century's little gift of pointless numerology has stopped giving. And as we said, another (and perhaps more important early 21st century trend) also came to an end in 2013.   The US government stopped growing so fast.   First, Congress passed fewer new laws than any year since WWII. Just 52 according to Time magazine, below the previous low of 88 laws in 1995.   Second, the federal US government spent less money than any year since 2008. Yes, really.    Indeed, 2013 marked only the third, and the largest, drop in US government spending since at least 1973 on the Congressional Budget Office's data.   No, this happy event didn't stop Washington pushing ahead with Obama Care, assassination by drone, or Big Brother surveillance of pretty much the entire planet. Nor did it stem or reverse any of the growth in US federal debt. But including local government deficits as well, gross national debt grew in 2013 by the smallest amount since 2009. That might also matter, big picture.    Less government, in our books at least, is a good thing. For most other investors who dare call themselves "gold bug" too, a smaller state is much desired. And all that 2013 brought in truth was a slowdown in the rate of expansion.    But the "Twin Deficits" run up by US government and by US consumers via the trade balance formed a key plank for that handful of eager gold buyers spotting the trend early over a decade ago. No, the US trade deficit sits a long way from fixed. But might the little-seen, little-noted blip in Leviathan's growth have helped work to undermine gold prices this year?   People buy gold because they cannot trust government, as plenty of talking heads have noted in history. Even socialists!   In which case, note that 2014 is projected to see federal outlays rise to new record highs. Spending is then forecast by the CBO to keep rising without pause to 2023.   Gross US public debt, including local government, is meantime forecast to swell next year at the fastest pace since 2006, with new record deficits set every year from now until 2018 and beyond.   So the 21st century's big trend to big government hasn't ended. Only the happy little diversion of sequential dates on your calendar has.   Do pay attention.

What Big Government Did to Gold Prices Posted: 11 Dec 2013 10:05 AM PST Paying attention? A very rare year says the early 21st century trend in gold ain't done...   GOVERNMENT didn't shrink in 2013, writes Adrian Ash at BullionVault.   But the crash in gold prices might just reflect the fact it didn't grow so fast.   First though, if you live anywhere but the United States, today was a special day on your calendar.   11 December 2013 marked the last sequential date for almost a century.    Indeed, at ten-past-nine Wednesday morning, the date read 9.10, 11/12/13.    Hope you enjoyed while it lasted. US calendars will show 12, 13, 14 on December 13th next year. But that's the last sequential date for the Common Era until 1 February 2103. The 21st century's little gift of pointless numerology has stopped giving. And as we said, another (and perhaps more important early 21st century trend) also came to an end in 2013.   The US government stopped growing so fast.   First, Congress passed fewer new laws than any year since WWII. Just 52 according to Time magazine, below the previous low of 88 laws in 1995.   Second, the federal US government spent less money than any year since 2008. Yes, really.    Indeed, 2013 marked only the third, and the largest, drop in US government spending since at least 1973 on the Congressional Budget Office's data.   No, this happy event didn't stop Washington pushing ahead with Obama Care, assassination by drone, or Big Brother surveillance of pretty much the entire planet. Nor did it stem or reverse any of the growth in US federal debt. But including local government deficits as well, gross national debt grew in 2013 by the smallest amount since 2009. That might also matter, big picture.    Less government, in our books at least, is a good thing. For most other investors who dare call themselves "gold bug" too, a smaller state is much desired. And all that 2013 brought in truth was a slowdown in the rate of expansion.    But the "Twin Deficits" run up by US government and by US consumers via the trade balance formed a key plank for that handful of eager gold buyers spotting the trend early over a decade ago. No, the US trade deficit sits a long way from fixed. But might the little-seen, little-noted blip in Leviathan's growth have helped work to undermine gold prices this year?   People buy gold because they cannot trust government, as plenty of talking heads have noted in history. Even socialists!   In which case, note that 2014 is projected to see federal outlays rise to new record highs. Spending is then forecast by the CBO to keep rising without pause to 2023.   Gross US public debt, including local government, is meantime forecast to swell next year at the fastest pace since 2006, with new record deficits set every year from now until 2018 and beyond.   So the 21st century's big trend to big government hasn't ended. Only the happy little diversion of sequential dates on your calendar has.   Do pay attention.

What Big Government Did to Gold Prices Posted: 11 Dec 2013 10:05 AM PST Paying attention? A very rare year says the early 21st century trend in gold ain't done...   GOVERNMENT didn't shrink in 2013, writes Adrian Ash at BullionVault.   But the crash in gold prices might just reflect the fact it didn't grow so fast.   First though, if you live anywhere but the United States, today was a special day on your calendar.   11 December 2013 marked the last sequential date for almost a century.    Indeed, at ten-past-nine Wednesday morning, the date read 9.10, 11/12/13.    Hope you enjoyed while it lasted. US calendars will show 12, 13, 14 on December 13th next year. But that's the last sequential date for the Common Era until 1 February 2103. The 21st century's little gift of pointless numerology has stopped giving. And as we said, another (and perhaps more important early 21st century trend) also came to an end in 2013.   The US government stopped growing so fast.   First, Congress passed fewer new laws than any year since WWII. Just 52 according to Time magazine, below the previous low of 88 laws in 1995.   Second, the federal US government spent less money than any year since 2008. Yes, really.    Indeed, 2013 marked only the third, and the largest, drop in US government spending since at least 1973 on the Congressional Budget Office's data.   No, this happy event didn't stop Washington pushing ahead with Obama Care, assassination by drone, or Big Brother surveillance of pretty much the entire planet. Nor did it stem or reverse any of the growth in US federal debt. But including local government deficits as well, gross national debt grew in 2013 by the smallest amount since 2009. That might also matter, big picture.    Less government, in our books at least, is a good thing. For most other investors who dare call themselves "gold bug" too, a smaller state is much desired. And all that 2013 brought in truth was a slowdown in the rate of expansion.    But the "Twin Deficits" run up by US government and by US consumers via the trade balance formed a key plank for that handful of eager gold buyers spotting the trend early over a decade ago. No, the US trade deficit sits a long way from fixed. But might the little-seen, little-noted blip in Leviathan's growth have helped work to undermine gold prices this year?   People buy gold because they cannot trust government, as plenty of talking heads have noted in history. Even socialists!   In which case, note that 2014 is projected to see federal outlays rise to new record highs. Spending is then forecast by the CBO to keep rising without pause to 2023.   Gross US public debt, including local government, is meantime forecast to swell next year at the fastest pace since 2006, with new record deficits set every year from now until 2018 and beyond.   So the 21st century's big trend to big government hasn't ended. Only the happy little diversion of sequential dates on your calendar has.   Do pay attention.

Is North Korea selling ‘large amounts’ of gold to China? Posted: 11 Dec 2013 09:20 AM PST Reports out of the Republic of Korea say that North Korea is being forced to sell 'large amounts' of gold to China to help mitigate a domestic economic crisis. Read more….

Flat, cautious action in gold after surge Posted: 11 Dec 2013 09:20 AM PST Trading is bound to be increasingly cautious,” says a note from UBS, “with investors becoming more and more defensive”. Read more….

Kefi acquires 75% stake in Nyota’s Tulu Kapi gold project Posted: 11 Dec 2013 09:20 AM PST Kefi Minerals has announced the conditional acquisition of a 75% stake in Nyota Minerals' 100% owned Tulu Kapi gold project in Ethiopia and is confident it can substantially improve the project economics. Read more….

Can’t-miss headlines: Gold steadies, $0.26/ounce gold M&A & more Posted: 11 Dec 2013 09:20 AM PST The latest morning headlines, top junior developments and metal price movements. Today, gold holds on to substantial gains it made yesterday and we dig a little deeper in the Wits takeover. Read more….

Taper talk boosts gold. Is this a fundamental change in direction? Posted: 11 Dec 2013 09:20 AM PST Does the recent upwards movement in the gold price on the suggestion that Fed tapering may be imminent constitute a major shift in gold market sentiment? Read more….

How much gold should one hold in a portfolio? Posted: 11 Dec 2013 09:20 AM PST At first blush, our analysis may lead one to conclude investors may want to hold 30% or more in gold, says Axel Merk. Read more….

Gold Will Plummet To $500! Charles Ponzi and I Believe It Posted: 11 Dec 2013 09:20 AM PST Yup, that is the story. The following arguments explain why Charles and I think gold will plummet to around $500 per ounce. Also, after my luncheon date with Elvis, I have a large bridge for sale. Read More...

In The News Today Posted: 11 Dec 2013 09:19 AM PST Dear CIGAs, Gold is precious but so are some other items.   Keep Your Expectations for the Volcker Rule Low By Jonathan Weil  Dec 10, 2013 10:04 AM ET  A certain amount of fatalism always seems to creep in whenever the government promises a new fix for something perceived to be ailing the financial system... Read more » The post In The News Today appeared first on Jim Sinclair's Mineset.

A Repulsive Use of Capitalism Posted: 11 Dec 2013 09:08 AM PST Uh-oh! The new pope, Francis from the Pampas, has just warned us to beware the “tyranny” of capitalism. Each man worships his own gods. Some worship at the altar of Jesus of Nazareth. Some at the altar of the Almighty Dollar. The capitalists don’t bad-mouth Francis’ god. You’d think he would cut them the same slack. Bad-mouthing Catholicism will win you few fans. Those outside the Roman faith won’t care. And papists will be your enemies for life. People calling themselves Christians have done vile and repulsive things; that doesn’t mean that “love thy neighbor” is not a worthy aspiration. But bad-mouthing capitalism has a large, ready audience of uncritical fans. So we rise to defend the faith — in capitalism, that is. In this, we take the high road… not because we are high-minded, but merely because we don’t like crowds. So we will not stoop to criticizing Francis’ faith or praising Mammon with hearty hallelujahs. Instead, we will explore the discreet charm of honest money-grubbing… confident that at least in the land of free-enterprise defenders, we will always find a parking place. Almost nobody approves of capitalism these days, least of all the SOB cronies on Wall Street who call themselves capitalists. They preach the gospel of risk-taking. But as soon as the risks go against them in a big way, they call their friends in high government places for succor. They publicly support free enterprise. But privately, they connive with regulators for bailouts, subsidies, and barriers to entry to keep out competitors. In the crisis of 2008-09, for example, the financial industry reached a major turning point. It should have made the turn. Instead, it kept going in the same direction. What should have happened, as told by David Stockman in his new book, The Great Deformation: “Hundreds of billions of long-term debt and equity capital that underpinned the Wall Street-based speculation machines would have been wiped out, including huge amounts of stock owned by executives and insiders. Such a result would have been truly constructive from a societal vantage point. It would have implanted an abiding 1930s-style generational lesson about the deadly dangers of leveraged speculations.” Instead, the speculations paid off! And now the big banks are bigger than ever. This week, The Wall Street Journal reported that “too big to fail” banks are pushing the little guys out of existence: “The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984-2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations, or failures, FDIC data show. About 17% of the banks collapsed.” Yes, dear reader, the big banks hate capitalism too. What they like is crony capitalism. At least they like it when their own cronies are in the Department of the Treasury and the Fed. The rest of the heaving masses hate capitalism too, but for other reasons. They are envious of those who have more than they have… and eager to redistribute other people’s money — to themselves, of course. So almost no matter in which direction the pope heaves his message — to the modest nests of the have-nots or the sumptuous pads of the haves — he is bound to hit a supporter. It’s true, as we have explained, that capitalism is easily corrupted by the capitalists. But that doesn’t mean it is a bum creed. People calling themselves Christians have done vile and repulsive things; that doesn’t mean that “love thy neighbor” is not a worthy aspiration. Like Christianity, capitalism is a goal, not a fact. “But that is the same argument the communists made after the Berlin Wall came down,” countered No. 2 son, Jules, when we put this to him. “They said that you can’t condemn communism just because the Soviet Union was a rathole. They said communism too was a goal… one that had been unrealized by the Russians.” Our response was simple enough: "Some goals you want to work toward. Others you want to work hard to stay away from." “Yes… but there are worthy creeds and unworthy ones. ‘Do unto others as you would have them do unto you’ is still the best way for a civilized community to get along. The more you depart from it, the worse off you are. “Capitalism works the same way. The further you get away from truly free enterprise the more cronies and zombies (people who live at others’ expense) you get… and the less well the whole system works. “Envy is a fact of life. You can’t eliminate it. But it has different results depending on what kind of a system you have. Trying to keep up with the Joneses in a capitalist society drives people to work harder and invent things, and helps everyone be better off. “In a crony capitalist society, envy leads people to take advantage of the system. But it doesn’t stop everyone else from working hard and inventing things… not completely. “On the other hand, the closer you get to a true state-backed command economy, the closer you get to North Korea! “Some goals you want to work toward. Others you want to work hard to stay away from.” Someone should tell Pope Francis. Sincerely, Bill Bonner for The Daily Reckoning Ed. Note: Working toward a truer form of capitalism — not the crony variety we’re saddled with today — is one of the main focuses of every issue of Laissez Faire Today. In fact, the goal of this service is to provide readers with all the tools they need to live a happier, healthier, freer life outside the prying eyes of government and the crony capitalists who’ve corrupted the system. It’s completely free to sign up and comes with absolutely no obligation. So you have absolutely nothing to lose, and a lot to gain. Don’t wait. Sign up for the free Laissez Faire Today email edition, right here. This article was also featured in Laissez Faire Today

How Gold Could Plunge to $500 Posted: 11 Dec 2013 08:49 AM PST By GE Christenson Yup, that is the story. The following arguments explain why Charles and I think gold will plummet to around $500 per ounce. Also, after my luncheon date with Elvis, I have a large bridge for sale. If you are interested and willing to make a SERIOUS OFFER, see below. The price of [...]

This 2014 Surprise Is Going To Cause Gold To Super-Surge Posted: 11 Dec 2013 08:44 AM PST In the aftermath of yesterday's rally in gold and silver, today Canadian legend John Ing spoke with King World News about a 2014 surprise that is going to cause gold to super-surge. Ing, who has been in the business for 43 years, also spoke about some other major surprises that investors should expect to see in 2014. Below is what Ing had to say in his fascinating interview. This posting includes an audio/video/photo media file: Download Now

Jim’s Mailbox Posted: 11 Dec 2013 08:32 AM PST Dear CIGAs, Here are the items of note that you should be following: JPM continues to vacuum up nearly all of the December Comex deliveries. Thus far this month, The JPM House account has stopped 4,284 of 4,469 December gold deliveries (95.9%) and 1,820 of 2,980 December silver deliveries (61.1%). Just as in July/August and... Read more » The post Jim’s Mailbox appeared first on Jim Sinclair's Mineset.

TF Metals Report: JPM keeps gobbling up December gold deliveries Posted: 11 Dec 2013 08:09 AM PST 11:06a ET Wednesday, December 11, 2013 Dear Friend of GATA and Gold: The TF Metals Report's Turd Ferguson today elaborates on JPMorganChase's gobbling up most December gold futures contract deliveries on the New York Commodities Exchange, adding that the latest trader participation reports are extremely bullish by virtue of the long positions of major banks: http://www.tfmetalsreport.com/blog/5315/general-update CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Vancouver Resource Investment Conference Vancouver Convention Centre West Sunday-Monday, January 19-20, 2014 Vancouver, British Columbia, Canada http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: http://gata.org/tshirts Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 ADVERTISEMENT How to profit with silver -- and which stocks to buy now Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...

TF Metals Report: JPM keeps gobbling up December gold deliveries Posted: 11 Dec 2013 08:09 AM PST GATA 11:06a ET Wednesday, December 11, 2013 Dear Friend of GATA and Gold: The TF Metals Report’s Turd Ferguson today elaborates on JPMorganChase’s gobbling up most December gold futures contract deliveries on the New York Commodities Exchange, adding that the latest trader participation reports are extremely bullish by virtue of the long positions of major banks: http://www.tfmetalsreport.com/blog/5315/general-update CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16

Gold Bars "Sold by North Korea to China": Claim Posted: 11 Dec 2013 08:00 AM PST Un-named sources give conflicting news on sales of gold bars...   NORTH KOREA has been selling gold bars to neighboring China in a bid to raise urgent cash against its worsening economy, a news agency reports today.   Citing an un-named source, and not putting any figures on the apparent gold sales, Yonhap News says the secretive Communist state – locked out of world trade by international sanctions since 2005 – has been selling gold bullion bars for "several months".   "Overseas sales of gold are a barometer," says the source, "of whether the North Korean economy is in a crisis or not."   This marks "the first time" says Yonhap that the North Korean dictatorship has sold gold bars from its reserves under the current supreme leading, Kim Jong-un, who took power after his father, Kim Jong-il, died of a heart attack in December 2011.   September 2012 however saw South Korean newspaper Chosun Ilbo report gold bullion sales of two tonnes by the North in September 2012, raising $100 million.   Again citing an un-named source, it claimed that an agency known as Room 39, which manages Kim Jong-un's private wealth, was then working with the People's Armed Forces to sell gold from the Democratic People's Republic of Korea.   "They are selling not only gold that was produced since December [2011], when Kim Jong-un came to power," the source said in that report, "but also gold bars from the country's reserves and bought from its people."   Thirty years after being approved as meeting the Good Delivery standards of the London bullion market, center of the world's wholesale trade, gold bars produced by the Central Bank of the DPRK were moved to the "former list" in 2006. That means they remain acceptable in form and appearance, but it doesn't trump the market's compliance with international sanctions against the regime.   Over the 10 years ending 1993, the central bank sold "an average of one tonne a month on the London market," according to the Christian Science Monitor.   Data from the US Geological Survey most recently put North Korean gold mining output at 2 tonnes per year. Estimates say that under the Communist regime, North Korea's mining industry is running at just 30% of capacity.   Asia-Pacific consultancy the Nautilius Institute reckons the DPRK's unmined gold deposits total perhaps 2,000 tonnes.

Gold Bars "Sold by North Korea to China": Claim Posted: 11 Dec 2013 08:00 AM PST Un-named sources give conflicting news on sales of gold bars...   NORTH KOREA has been selling gold bars to neighboring China in a bid to raise urgent cash against its worsening economy, a news agency reports today.   Citing an un-named source, and not putting any figures on the apparent gold sales, Yonhap News says the secretive Communist state – locked out of world trade by international sanctions since 2005 – has been selling gold bullion bars for "several months".   "Overseas sales of gold are a barometer," says the source, "of whether the North Korean economy is in a crisis or not."   This marks "the first time" says Yonhap that the North Korean dictatorship has sold gold bars from its reserves under the current supreme leading, Kim Jong-un, who took power after his father, Kim Jong-il, died of a heart attack in December 2011.   September 2012 however saw South Korean newspaper Chosun Ilbo report gold bullion sales of two tonnes by the North in September 2012, raising $100 million.   Again citing an un-named source, it claimed that an agency known as Room 39, which manages Kim Jong-un's private wealth, was then working with the People's Armed Forces to sell gold from the Democratic People's Republic of Korea.   "They are selling not only gold that was produced since December [2011], when Kim Jong-un came to power," the source said in that report, "but also gold bars from the country's reserves and bought from its people."   Thirty years after being approved as meeting the Good Delivery standards of the London bullion market, center of the world's wholesale trade, gold bars produced by the Central Bank of the DPRK were moved to the "former list" in 2006. That means they remain acceptable in form and appearance, but it doesn't trump the market's compliance with international sanctions against the regime.   Over the 10 years ending 1993, the central bank sold "an average of one tonne a month on the London market," according to the Christian Science Monitor.   Data from the US Geological Survey most recently put North Korean gold mining output at 2 tonnes per year. Estimates say that under the Communist regime, North Korea's mining industry is running at just 30% of capacity.   Asia-Pacific consultancy the Nautilius Institute reckons the DPRK's unmined gold deposits total perhaps 2,000 tonnes.

Look Out Below Posted: 11 Dec 2013 07:42 AM PST                            This is the type of stock market that could really start to accelerate to the downside.  I woke up somewhat surprised to see the dollar had dropped to a new low for the move down it is currently making.  I really expected that the news of the Congressional budget deal - as hollow and fictitious as it is - would have at least given some superficial support to the markets.   But the dollar continues to fall hard - I'll have more to say about that later this week - and now the stock market appears to be on shaky ground. The fact is that the stock market is, right now, historically overvalued.  Especially in relation to the underlying fundamentals.  I have been posting analysis now for about 8 weeks which shows both the auto sales and housing markets are starting to head south.  Bloomberg has a report today that details falling apartment rents in NYC and that the apartment vacancy rate is back to a 7-yr high:  LINK   I specifically remember walking around NYC back in 2007 and was stunned by the number new building skeletons for which construction had clearly been abandoned.  Sounds like now there's several new completed buildings that will sit mostly empty for quite some time, especially since we know Wall Street is about to go through a job-cutting blood bath. I also believe that the housing market is about to head south very quickly:  New Home Sales Data Show Big Problems Ahead For Housing.  So, it's fine if you want to listen to the talking heads blow smoke about the economy or housing market, but at least make them back up their assertions with data.  The data shows a completely different story than the fairy tale being fed to us by home sale industry organizations and the blow-hards in the financial media and on Wall Street. In addition, Zerohedge has a report out this morning detailing the housing market collapse that has been set in motion in Nevada:  LINK.  Of course, as is par for course, I'm usually way ahead of Zerohedge on the topics of housing and gold.  I published an article on October 29th on Seeking Alpha which cited data showing that the market for new home sales in Nevada had collapsed 60% from Q1 to Q3:  Housing Market Is Headed South. The reason NYC and Nevada are important bellweathers, at least in my view, is that both markets were among the hottest during the big housing bubble and both markets started heading south ahead of the rest of the country when the bubble collapsed.  Nevada/Vegas essentially, from a demographic perspective, is East Los Angeles, so any negative trend that starts in Vegas in housing will spread to southern California like a deadly virus.  This is how it played out starting in 2005 and this is how it will play out this time around.  Only this time around it will be worse. One more point about this, a colleague of mine was chatting with a realtor from Scottsdale, Arizona.  That was also one of the hottest markets during the housing bubble and one of the hottest markets during this Fed and Government money printing fueled dead-cat bounce.  This realtor told my colleague that the market activity in Phoenix had essentially hit a wall in November. Be careful with your stock market exposure.  No one knows for sure when, but this stock market is set up of the biggest stock market downside disaster in history.

Look Out Below Posted: 11 Dec 2013 07:42 AM PST                            This is the type of stock market that could really start to accelerate to the downside.  I woke up somewhat surprised to see the dollar had dropped to a new low for the move down it is currently making.  I really expected that the news of the Congressional budget deal - as hollow and fictitious as it is - would have at least given some superficial support to the markets.   But the dollar continues to fall hard - I'll have more to say about that later this week - and now the stock market appears to be on shaky ground. The fact is that the stock market is, right now, historically overvalued.  Especially in relation to the underlying fundamentals.  I have been posting analysis now for about 8 weeks which shows both the auto sales and housing markets are starting to head south.  Bloomberg has a report today that details falling apartment rents in NYC and that the apartment vacancy rate is back to a 7-yr high:  LINK   I specifically remember walking around NYC back in 2007 and was stunned by the number new building skeletons for which construction had clearly been abandoned.  Sounds like now there's several new completed buildings that will sit mostly empty for quite some time, especially since we know Wall Street is about to go through a job-cutting blood bath. I also believe that the housing market is about to head south very quickly:  New Home Sales Data Show Big Problems Ahead For Housing.  So, it's fine if you want to listen to the talking heads blow smoke about the economy or housing market, but at least make them back up their assertions with data.  The data shows a completely different story than the fairy tale being fed to us by home sale industry organizations and the blow-hards in the financial media and on Wall Street. In addition, Zerohedge has a report out this morning detailing the housing market collapse that has been set in motion in Nevada:  LINK.  Of course, as is par for course, I'm usually way ahead of Zerohedge on the topics of housing and gold.  I published an article on October 29th on Seeking Alpha which cited data showing that the market for new home sales in Nevada had collapsed 60% from Q1 to Q3:  Housing Market Is Headed South. The reason NYC and Nevada are important bellweathers, at least in my view, is that both markets were among the hottest during the big housing bubble and both markets started heading south ahead of the rest of the country when the bubble collapsed.  Nevada/Vegas essentially, from a demographic perspective, is East Los Angeles, so any negative trend that starts in Vegas in housing will spread to southern California like a deadly virus.  This is how it played out starting in 2005 and this is how it will play out this time around.  Only this time around it will be worse. One more point about this, a colleague of mine was chatting with a realtor from Scottsdale, Arizona.  That was also one of the hottest markets during the housing bubble and one of the hottest markets during this Fed and Government money printing fueled dead-cat bounce.  This realtor told my colleague that the market activity in Phoenix had essentially hit a wall in November. Be careful with your stock market exposure.  No one knows for sure when, but this stock market is set up of the biggest stock market downside disaster in history.

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