Gold World News Flash |
- The Dollar’s Replacement Is Already Here – The Greenback is Doomed
- More Weapons of Mass Wealth Destruction Likelier By the Day
- Stock Market Bubble Going to Burst & Unleash Destructive Forces on Global Economy
- Cashin Warns About West’s Disappearing Gold Hoard
- FEMA Camps – The Real Issues
- Great interview with Rickards covers Fed, economic decline, and gold
- Gold Investment In 2014
- The Big Picture As We Head Into 2014
- Cowgirls Wearing Pink Shades
- BEAR MARKET BOTTOMS: ONCE-IN-A-LIFETIME OPPORTUNITIES
- Koos Jansen: China's weekly gold deliveries now likely exceed world mine production
- Malaysia Bracing for Possible Indonesia Economic Meltdown
- Koos Jansen: Did China goose March gold imports to prepare for April smash?
| The Dollar’s Replacement Is Already Here – The Greenback is Doomed Posted: 29 Dec 2013 11:00 PM PST by Jason Simpkins, SilverBearCafe.com:
Don’t buy into it. At the end of the day, the dollar is still a flawed currency. It’s not backed by anything other than the word of a government that’s proven frivolous at best and incompetent at worst. The United States has racked up so much debt, it’s practically unpayable. We’ve reached the point where, even if the government doesn’t default outright, it’s still lost credibility. No one believes in the United States anymore. |
| More Weapons of Mass Wealth Destruction Likelier By the Day Posted: 29 Dec 2013 09:41 PM PST Households in the U.S., Europe and Japan may soon face fiscal shocks worse than any market crash. Powerful economic So says Romain Hatchuel (online.wsj.com) in paraphrased excerpts from his original article* entitled The Coming Global Wealth Tax. [The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]Hatchuel goes on to say in further edited excerpts: The White House and New York Mayor-elect Bill de Blasio aren’t the only ones calling for higher taxes (especially on the wealthy), as voices from the International Monetary Fund to billionaire investor Bill Gross increasingly make the case too. In his November investment commentary for bond giant Pimco, Mr. Gross asks the “Scrooge McDucks of the world” to accept higher personal income taxes and to stop expecting capital to be taxed at lower rates than labor. IMF The IMF’s latest Fiscal Monitor report argues that taxing the wealthy offers “significant revenue potential at relatively low efficiency costs.” The context for this argument is the IMF’s expectation that in advanced economies the ratio of public debt to gross domestic product will reach a historic peak of 110% next year, 35 percentage points above its 2007 level…. What the IMF calls “revenue-maximizing top income tax rates” may be a good indication of how much further those rates could rise. As the IMF calculates, the average revenue-maximizing rate for the main Organization of Economic Cooperation and Development countries is around 60%, way above existing levels. For the U.S., it is 56% to 71%—far more than the current 45% paid in federal, state and local taxes by those in the top tax bracket. U.S. In the United States, the expiration of the Bush tax cuts pushed the highest federal income tax bracket to 39.6% from 35%. The IMF singles out the U.S. as the country where raising top rates toward 70% (where they were before the Reagan tax cuts) would yield the most revenue—around 1.25% of GDP. With a chilling candor, the IMF admits that its revenue-maximizing approach takes no account of the well-being of top earners (or their businesses). U.K. Taxes can rise in ways both prominent and subtle. In the United Kingdom, the highly advantageous “resident non-domiciled” status—requiring wealthy residents to pay taxes on overseas earnings only if they “remit” the money to the U.K.—has become much harder to qualify for and more costly after recent reforms. France In France, President François Hollande finally managed to pass a 75% tax on income above one million euros and now he is seeking to limit the tax benefits of “life insurance contracts,” a long-term savings instrument used by most wealthy households. As for the uniquely French “impôt sur la fortune,” taxing those with net worth above 1.3 million euros, it is alive and well. Japan Japan too is taking steps to increase personal taxation, though it hasn’t yet targeted top earners in particular. EU In October the IMF floated a bold idea that didn’t get the attention it deserved: lowering sovereign debt levels through a one-off tax on private wealth. As applied to the euro zone, the IMF claims that a 10% levy on households’ positive net worth would bring public debt levels back to pre-financial crisis levels…. Conclusion From New York to London, Paris and beyond, powerful economic players are deciding that with an ever-deteriorating global fiscal outlook, conventional levels and methods of taxation will no longer suffice. That makes weapons of mass wealth destruction—such as the IMF’s one-off capital levy, Cyprus’s bank deposit confiscation, or outright sovereign defaults—likelier by the day. [Editor's Note: The author's views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]*http://online.wsj.com/news/articles/SB10001424052702304355104579232480552517224 (Copyright ©2013 Dow Jones & Company, Inc. All Rights Reserved.) Related Articles: 1. What is Financial Repression? Why It Will Fail Financial repression occurs when governments channel funds into their own sovereign bonds in order to reduce debt levels through mechanisms such as directed lending, caps on interest rates, capital controls, debt monetization, or by other means. The promise of financial repression is that it will hold down government borrowing costs and reduce government debt levels, but critics argue that financial repression merely targets the producers of society, i.e., the middle class, and therefore harms the economy. Let’s take a look at financial repression ands its supposed pros and cons. Words: 1486 Read More » 2. John Hathaway: Financial Repression to Continue Even Under the Most Optimistic Scenarios 3.Financial Repression: How Sneaky Governments Steal Your Money One of the things that’s being lost in the welter of rhetoric around the debt crises of sovereign nations is that these are not normal debtors, and government debt is not the same as personal debt. If you or I are in debt we are obliged to fulfil the terms of our repayment obligations or to go bankrupt or to pretend to die and go off and live on the life insurance. A country in the same situation has a range of other measures available to it…[Let's explore their options and what their implications would be for the country and its citizens.] Words: 1145 Read More » Financial Repression is a form of wealth confiscation and redistribution that is in some ways as effective as taxation – but the government never directly calls it that. It never appears in the budget (directly), and while it is dependent on a comprehensive network of laws and regulations – none of those go through the legislature with a stated intention of creating Financial Repression. So while the economic net effects are similar to a huge and comprehensive set of investor taxes being used to pay down the national debt, the “taxes” are never a campaign issue because voters and investors don’t understand what is happening – they only feel the results. [In this article I lay out for you what is slowly developing and expected to escalate dramatically in the next few years.] Words: 5800 Read More » 5."Financial Repression" May Soon Become Our Worst Nightmare! Here’s Why A new financial policy initiative known by the label "Financial Repression" may soon become our worst nightmare. 'Repression' rhymes with 'depression' which could be what we have to look forward to as rampant price inflation and permanently lower living standards take hold. Get ready to be conscripted into a citizen army assembled for the greater cause of saving the nation from being swamped by a tsunami of debt. Let me explain. Words: 1585 Read More » 6. Get Ready to be Financially Conscripted – and Face a Lower Standard of Living! Get ready to be financially conscripted into a citizen army assembled for the greater cause of saving America from being swamped by a tsunami of debt as a new policy initiative known as “financial repression” takes hold. 'Repression' rhymes with 'depression' and that is what we may have to look forward to as rampant price inflation and permanently lower living standards take hold as a result. Let me explain. Words: 1797 Read More » The post More Weapons of Mass Wealth Destruction Likelier By the Day appeared first on munKNEE dot.com. |
| Stock Market Bubble Going to Burst & Unleash Destructive Forces on Global Economy Posted: 29 Dec 2013 09:29 PM PST The Fed has manufactured a parabolic move in the stock market…which is much more aggressive (and thus even more So says Toby Connor (goldscents.blogspot.ca) in edited excerpts from his original article* entitled ANOTHER BUBBLE LOOKING FOR A PIN. [The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]Connor goes on to say in further edited excerpts: …The steeper the parabola the quicker the losses once the parabola breaks. It’s not unusual to see 3-6 months of gains evaporate in the space of days when one of these structures collapses. The path creating this unsustainable market behavior began in 2011. If the Fed had just allowed the market to correct naturally, and drop down into its 4 year cycle low in 2012, we would probably now be on a sustainable path into another secular bull market. Unfortunately, however, the Fed made a catastrophic mistake. Instead of allowing the market to function naturally they began operation Twist, then LTRO, then QE3 and QE4. The result, as you can see in the first chart below, is that they’ve created a huge unsustainable parabolic move in the stock market. Try as they have to prevent corrections, the longer they allow this to continue the more devastating the crash is going to be when the market breaks. 
Based on the extremely stretched nature of the current intermediate cycle (week 27) I’m looking for:
[Editor's Note: The author's views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]*http://goldscents.blogspot.ca/2013/12/another-bubble-looking-for-pin.html Related Articles: (Please note: The articles posted on munKNEE.com deliberately present a diverse perspective on subjects discussed. Below are links, with introductory paragraphs, to a variety of related articles designed to help you become truly informed regarding both sides of the issues so that you can assess the merits of all points of view and come to your own conclusion.)1. Warren Buffett's Favorite Valuation Metric Suggests Stock Market Is OVERvalued by 15%  Here's some perspective on the potential value of the U.S. equity market using Warren Buffett’s favorite valuation metric – total stock market capitalization relative to GDP. Read More » 2. Global Stock Markets At Key Resistance Lines – Will They Break Out or Crash?  Markets around the globe are all facing key resistance levels at the same time. Can they pull a "Great Escape" and bust through? Yes they can and if they do, it would be very bullish for equity markets around the world [and if they don't, then watch out below!]. Read More » 3. These Indicators Suggest Stock Market Returns Are "Too Good To Be True"  Current macro conditions indicate that we are in a sweet spot for equity returns…that global growth is continuing and there is little or no tail risk in the immediate future. It's time to get long equities…but I have this nagging feeling that these market conditions are too good to be true. If you look, there are a number of technical and fundamental clouds on the horizon. Read More » 4. Don't Be Scared "Stockless"! There's No Fear Anymore – Anywhere!  There's no fear anymore – anywhere – and I'm talking about the type of fear that overwhelms investors – and, in turn, the market. The surest indication of this can be found in the following chart. Read More » 5. Stocks to Continue to Soar & Gold to Continue to Fall in 2014 – Here's Why Each December we publish a list of investment themes that we feel are critical to the coming year. Below are our expectations for the U.S, Japanese and European stock markets, municipal bonds and gold. Read More » 6. Relax! Take Stock Market Bubble Warnings With a Grain of Salt – Here's Why Bubble predictions are headline-grabbing claims that are sure to attract reader/viewership and more than a few worried individuals who will be pushed to act but, like all forecasts, these bubble warnings should be taken with a grain of salt. 7. Bookmark This Article: The Stock Market Will Crash Within 6 Months! Until recently, I have not used the term "stock market crash". I do not take using this term lightly. It brings with it major repercussions. I am now breaking out this phrase because of the current state of the stock market. This stock market crash will occur within the next six months from today… The markets will fall within a combined day/few days a total of at least 20%. Bookmark this article. Read More » 8. Stock Market Bubble & Coming Recession? These Charts Say Otherwise  The real value of the stock market is positively correlated, over time, with the amount of freight hauled by the nation's trucks (in other words, the physical size of the economy has a lot to do with the real, inflation-adjusted value of the economy) and the latest numbers (see chart) strongly suggest that we are not in a stock market bubble. Read More » 9. These 2 Stock Market Metrics Make Me Feel Uneasy – What About You?  It's been an amazing run in the stock market but…I start to feel a bit uneasy about things when I see all news reported as good news, because it either means the economy is getting better or more QE is coming. The fact, though, is that the market is just driving higher on what looks like sheer optimism of continued QE and little else. You can see this optimism in two indicators you'll recognize. Read More »
The post Stock Market Bubble Going to Burst & Unleash Destructive Forces on Global Economy appeared first on munKNEE dot.com. |
| Cashin Warns About West’s Disappearing Gold Hoard Posted: 29 Dec 2013 08:20 PM PST from KingWorldNews:
Cashin: "It is concerning … China has stepped up to be a pretty big buyer of gold. So we will keep an eye on where these transfers go. These people (in the East) are concerned about their own currencies and the ability of their own governments to control things. They look for the safety of gold, something hard that has stood them well (in terms of wealth preservation) over the decades." |
| Posted: 29 Dec 2013 08:00 PM PST from Armstrong Economics:
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| Great interview with Rickards covers Fed, economic decline, and gold Posted: 29 Dec 2013 07:35 PM PST 10:30p ET Sunday, December 29, 2013 Dear Friend of GATA and Gold: In an outstanding and comprehensive interview with John Ward of the Physical Gold Fund, fund manager, geopolitical strategist, and author James G. Rickards covers, among other things, the Federal Reserve's confusion and ineffectuality, the continuing weakness of the U.S. economy, the impoverishment of the U.S. population, the likelihood of another recession in the United States in 2014, the rationale for investing in gold in both inflationary and deflationary conditions, the likelihood of a short squeeze in gold, and the prospects for devaluation of the U.S. dollar directly against gold. The interview is 31 minutes long and can be heard at the Physical Gold Fund's Internet site here: http://www.physicalgoldfund.com/podcasts/ CHRIS POWELL, Secretary/Treasurer 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 http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... Mines and Money Hong Kong http://www.minesandmoney.com/hongkong/ * * * 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: 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: To contribute to GATA, please visit: ADVERTISEMENT How to profit with silver -- 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... |
| Posted: 29 Dec 2013 05:38 PM PST Gold took about a $400 beat down this year. Oh well. It happens right? for me it is just looking like a good BUY time. While everyone runs towards stocks and bonds and paper, we'll sit tight and wait... [[ 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 Big Picture As We Head Into 2014 Posted: 29 Dec 2013 12:31 PM PST  Today 41-year market veteran, Bill Haynes, who runs the largest gold and silver dealer in the United States, CMI Gold & Silver, put together a fascinating piece which looks at the big picture as we head into 2014. Below is what Bill Haynes' exclusive piece for KWN. This posting includes an audio/video/photo media file: Download Now |
| Posted: 29 Dec 2013 11:23 AM PST
(Originally posted on Slope of Hope, hence the references to Slopers and SOH): Well, my fellow Slope-a-Dopes, I just could not bear sitting in silence any longer while all the blabbering bulls boast and gloat as they roast bear chestnuts over an open fire. Enjoy your happy holidays highs, my bloated bovine butt-heads, as you sip your rosy bubbly and toast each other's good fortunes. As for BDI, he went along briefly for a spectacular Santa sleigh ride to close out an otherwise dismal year with a BOOM. Blow me momos, technos, and especially you trendos! For the New Year, it seems that SOH, that last true refuge for pensive brooding bears, has been overrun with pompous bulls peddling & pumping a new 21st century high tech plateau of permanent prosperity, that would make even Irving Fisher's rose twittering cheeks blush. I wonder if old Irving would have Linked himself In or posted his rip roaring 20s rosy market views on a pretty pink Facebook page? As for The Idiot Savant, he sure does not smell the long stem roses. Take off your pink shades and take a good sniff, smell the rotting rancid rot, Cowgirls!
Pink Shades # 2: The 10 year U.S. bond just closed above 3% and is most certainly trending for a continued move higher. Those sporting rose colored Ray Bans on their elongated noses, will tell you the economy is surely picking up, and thus, it is a welcome quite natural sign to see interest rates edge higher at this point. What they won't tell you is that newly issued commercial bank loan volumes are near all time record lows. Don't kid yourselves my pink pussy cats, interest rates are not being driven up by healthy demand pull forces in the real economy, but rather by the early signs of stagflationary supply push forces which always inevitably show up when too much money is being circulated in a monetary system.
Pink Shades # 5: Despite the tiny timid taper, the FED's balance sheet continues to grow exponentially with each passing month. Despite the frantically feeble fiscal budget agreement reached by the cowardly congressional clowns, the country continues to spend its way into oblivion with no end in site. As interest rates inevitably rise, these terrific twin time bombs will be right back in your sights, front and center, quickly clearing up your fogged rose tinted lenses.
I'm certain that most of my pretty in pink cowgirl equity cheer-leading friends will promptly pump their red white and blue USA, USA, USA pompoms, singing and shouting their tried and true cheer; "the economy is NOT the market BDI!!! The economy is NOT the market you Idiot!!!". Well, all I can reply to you, my fine fair weather friends, is that your future is so bright you will definitely need to wear your silly pink shades. As for your idiot French friend, he will most assuredly be set up short by week's end, in anticipation of a steamy valentines date complete with a dozen pink roses.
John Maynard Keynes: Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become 'profiteers,' who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. |
| BEAR MARKET BOTTOMS: ONCE-IN-A-LIFETIME OPPORTUNITIES Posted: 29 Dec 2013 10:44 AM PST Last week I wrote an article on why I think the bull market in stocks is coming to an end. As usual the retail public is chasing a move that is extremely mature and ripe to reverse assuming that the trend will continue. Amateurs always make this mistake at tops ...and bottoms. Their emotions tell them the move will continue indefinitely. It never does. As you can see in this next chart, dumb money traders are becoming more and more confident the further this parabolic move progresses. Professional traders, on the other hand, get more and more nervous as the market stretches further and further above the mean.  Source: sentimentrader.com I can assure you we are not done with the secular bear market in stocks that began in 2000. All the Fed has managed to do is blow another bubble in the stock market. And a bubble that has again reached levels of overvaluation that will eventually collapse the market just like they did in 2007. P/E ratios are again at historically extended levels where most bull markets in history have topped. Notice the extreme overvaluation in 2000 (P/E ratio of 45). That kind of overvaluation isn't going to be corrected by one brief move back to 15 (the historical mean). An overvaluation as extreme as what occurred in 2000 is going to require a move just as extreme in the opposite direction before we finally clear this market of the excesses that were created during the tech bubble, and exacerbated by the real estate bubble. I don't expect this secular bear market will be finished until we reach P/E ratios similar to 1932.  On the other hand, while retail traders are chasing the bubble, professional traders are looking for real opportunities. I think I can say without any hesitation, real opportunity is not going to be found in the stock market after a five year bull run. Opportunities are found at bear market bottoms. For those emotionally capable of going against the herd, buying a bear market bottom is where the really big money is made. As a matter of fact if one can pick a bear market bottom the initial surge will often gain 40%-100% in the first few months. These kind of gains certainly make it worth the frustration and whipsaw's that are almost always incurred trying to pick a final bottom.    Not surprisingly the more severe the bear, the more violent the rally is once the final bottom has formed, and the bigger the bull market that follows. Here are two examples of extreme bear markets, and the initial rallies off of those final bottoms.   Now let me show you one of the most extreme bear markets of the last 30 years.  While retail investors are blindly plowing money into an overvalued, overextended, overbought, and parabolic stock market, professional traders are quietly accumulating massive positions in preparation for the end of one of the most severe bear markets in decades.  Once we have confirmation that the final bottom has been printed, I'm expecting at the very least an initial surge over the first 3-4 months to test the 2012 resistance zone. That would be a move of almost 100%.  I'll say it again, picking bear market bottoms isn't easy. Very few people have the patience, conviction, and endurance that it takes to survive the volatility of a bear market bottom. Especially when everyone else they know is making money buying into the latest bubble. But human nature never changes, and those people always get caught when the bubble pops. Tech investors, real estate investors, and possibly BitCoin investors come to mind. Whereas the few traders that can hold on and survive a bear market bottom are the millionaires and billionaires of tomorrow.       |
| Koos Jansen: China's weekly gold deliveries now likely exceed world mine production Posted: 29 Dec 2013 08:01 AM PST 11a ET Sunday, December 29, 2013 Dear Friend of GATA and Gold: For the most recent week for which data is available, December 16-20, the Shanghai Gold Exchange delivered 55 tonnes of gold, likely more gold than was mined throughout the world, gold researcher and GATA consultant Koos Jansen reports today. His commentary includes video of a recent China Central Television network report in English about the enthusiasm of Chinese buyers of gold at current prices. That commentary can be found at Jansen's Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/sge-delivery-16-20-december-55-tons-2128-ton... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT You Don't Have to Wait for Your Monetary Metal: 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 http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... Mines and Money Hong Kong http://www.minesandmoney.com/hongkong/ * * * 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: 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: To contribute to GATA, please visit: |
| Malaysia Bracing for Possible Indonesia Economic Meltdown Posted: 29 Dec 2013 03:39 AM PST Indonesia is the fifth largest economy in Asia and the fourth most populous country in the world. Thanks to the strong macro-economic reform and liberalization of its international trade. As a result a strong economic growth to the tune of 6-8% is achievable for the past few years. Since the last Asian Financial Crisis, Indonesia has made much stride in poverty eradication, economic growth and human capital development. To stabilize prices, Monetary Policy tools such as interest rates, liquidity management and macro-prudential measures are used. Other measures taken to ensure sustainable economic growth includes raising minimum wage, reduction in fuel subsidies, electricity and other essential items, increase cash payment to low income group and broaden the tax base. |
| Koos Jansen: Did China goose March gold imports to prepare for April smash? Posted: 26 Dec 2013 05:02 PM PST 8:10p ET Thursday, December 26, 2013 Dear Friend of GATA and Gold: Gold researcher and GATA consultant Koos Jansen, perhaps the foremost expert on China's gold market, tonight reports data suggesting, as your secretary/treasurer speculated a month ago to King World News -- http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/14_A... -- and directly to you -- http://www.gata.org/node/13256 -- that China helped arrange April's gold price smashdown so that it could get a lot of gold a lot cheaper. Jansen discloses that there was "a huge spike" in gold imports by China from Hong Kong in March, "as if someone knew there was going to be immense demand for physical in April on the mainland." Jansen writes: Why would anybody import expensive gold in March to sell it for bottom prices in April? The answer: Chinese importing doesn't have to work like that. As I described in this article -- http://www.ingoldwetrust.ch/shanghai-gold-exchange-physical-delivery-equ... -- gold can be consigned by, for example, Hong Kong Shanghai Banking Corp. (HSBC) and Industrial and Commercial Bank of China (ICBC). This is how it works: The consigner HSBC can ship the gold to the mainland without selling it at this stage. On arrival it has to be registered within seven days at the Shanghai Gold Exchange and move into the vaults. The gold is now merely transported, not sold. The consignee ICBC will then ask HSBC for a quote in U.S. dollars per ounce (international spot) and then decide the offer price in renminbi at the Shanghai Gold Exchange. The Shanghai Gold Exchange premium is based upon freight costs, insurance costs, customs declaration fee, storage fee, ICBC's profit, etc. After the gold is sold on the Shanghai Gold Exchange, ICBC must pay HSBC in dollars within two days and needs to let the State Administration of Foreign Exchange verify the payment. I am aware that there was an arbitrage opportunity in early 2013 that could have explained some of the high volumes of gold trade between Hong Kong and the mainland. But this couldn't have explained the record net gold export just before the price dropped in April and the Shanghai Gold Exchange was stormed for physical gold. Of course HSBC is custodian of the gold of the exchange-traded fund GLD, whose metal, as Jansen notes, seems to have been transferred steadily to China this year as Western ETF investors sold their shares. Jansen's analysis is headlined "More on the West-to-East Gold Exodus" and it's posted at his Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/shanghai-gold-exchange-physical-delivery-equ... CHRIS POWELL, Secretary/Treasurer 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 http://www.cambridgehouse.com/event/vancouver-resource-investment-confer... Mines and Money Hong Kong http://www.minesandmoney.com/hongkong/ * * * 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: 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: To contribute to GATA, please visit: ADVERTISEMENT How to profit with silver -- 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... |
With the Fed taper officially underway, you’ll be hearing a lot about a dollar revival over the next year.
Eric King: "Art, I wanted to discuss a Bloomberg story where they talked about gold literally disappearing from the vaults in London. An individual interviewed in that piece said the vaults were full two years ago, and now they are virtually empty. This transfer of gold from the West to the East, does it worry you, Art?"
A number of question have come in regarding the FEMA camps and is the collapse in gold and silver part of some orchestrated economic collapse that is being planned by the bankers of Wall Street with the oversight of the White House and the full knowledge of the Justice Department. I am certainly not a mouthpiece for the Government or the bankers. We have to be realistic here. Just follow the money. Where is there any economic benefit to Wall Street to collapse the economy or suppress the metals, which are such a tiny fraction of the financial markets. I realize people need to blame someone for being wrong. But I question serious these type of stories for the go way over the top. The one way to discredit the truth is to exaggerate it beyond all rational thought.
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