Gold World News Flash

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• Daily Nugget – Japanese gold sales climb 63%
• In the War on Media Disinformation, the Truth is our Most Valuable Weapon
• The Golden Rule
• The Golden Rule
• The Deflation Menace
• The Money Bubble, Gold, Silver, & Bitcoin with John Rubino
• Here We Go Again!
• GATA meeting with central banks to uncover the facts behind gold manipulation
• What an Inflation-Adjusted All Time High in Gold Would Look Like
• The Greatest Threat To The Entire Global Financial System
• AMCU gold strike halted on court order – for now
• Gold loans set to grow over 9% post hike in lending in India
• LBMA gold forecasters toe the bankers’ line with gloomy price predictions
• U.S. Gold Gone -- Dr. Paul Craig Roberts
• Top 1% Has 65 Times More Wealth Than The Bottom Half And The Global Elite Like It That Way
• GERMAN GOLD GONE — Koos Jansen
• The Comeback Trend of 2014… So Far
• Dead Mall Syndrome: The Self-Reinforcing Death Spiral of Retail
• Central Banks, Gold & the Currency Market, Part II
• Sprott CIS: “This Might Be One of the Great Trades of All Time”
• 14 Questions for 2014
• PATIENCE REQUIRED
• Silver: The Support at 19.94 Has Been Broken
• Gold Prices "Rangebound 'Til Fed" But "Set to Suffer" Say Analysts, UK Unemployment Hits Rate-Rise Threshold
• Market Monitor – January 22th
• Gold price 'to average $1,220 in 2014'
• 2014 – The Year to Invest in Gold
• Eric Lemieux: What Does 2014 Hold for Metals?
• Eric Lemieux: What Does 2014 Hold for Metals?
• Grant Williams: The evidence of gold price suppression is everywhere
• 14 Questions for 2014
• Banks have become 'instruments of government policy,' Hathaway says
• Gold vs. Bitcoins: Gold Bugs Shouldn’t Be Bitcoin Bashers! Here’s Why
• Historic Short Squeeze To Send Gold To New All-Time Highs
• Economic Collapse 2014 -- No Jobs, No Recovery, No American Dream
• Precious Metals Manipulation At Risk Of Failure As Physical Supplies Running Out
• Gold Fix, Gold Market Rigging
• A Dozen Gold, Copper, Phosphate and Uranium Stocks
• Economic Collapse 2014 -- China Threatening The US Dollar Again
• Tocqueville's Hathaway expects 'a circus of retribution' against the bullion banks
• Economic Collapse 2014 -- Next Bailout: The Insurance Companies
• The Gold Price Remained Above it's 50 Day Moving Average Closing at $1,242.30
• The Gold Price Remained Above it's 50 Day Moving Average Closing at $1,242.30
• Century-old London gold benchmark fix said to face overhaul
• The longwave winter of Ian Gordon's discontent
• Australian and Canadian Dollar Weakness Overdone?
• Expect Massive Short Squeeze In Gold & Bullion Bank Lawsuits
• Economic Collapse 2014 -- The Economic Reset
• Embry decries anti-gold disinformation in Financial Times
• Gold Daily and Silver Weekly Charts - Gold Fix, Gold Rigging

Daily Nugget – Japanese gold sales climb 63% Posted: 22 Jan 2014 11:05 AM PST by Jan Skoyles, TheRealAsset.co.uk Yesterday we discussed market sentiment and mentioned the bearish forecasts that continue to talk down the gold price. Well these finally took their toll yesterday as the yellow metal handed back much of the gain that so impressed us in the run up to Monday morning. It was generally a quieter day in the markets yesterday than normal on account of no US economic data releases. The gold price made gains on its five week highs early in the day however US selling soon brought some pressure with it. Read More @ TheRealAsset.co.uk

In the War on Media Disinformation, the Truth is our Most Valuable Weapon Posted: 22 Jan 2014 11:00 AM PST from Global Research: Global Research has worked to bring its readers critical news, information, and analyses to reverse the tide of mainstream media disinformation. We have been the important reference of first choice for many of our readers in our coverage of topics like Syria, North Korea, Iraq, Palestine, Iran, the global economic crisis, and the global financial meltdown. Global Research's work is critical in the face of corporate media lies and we have managed to remain completely independent, acting as a vital information portal. But we still need all the help we can get. Without the support of our valued readers, the Global Research websites would not exist or grow. Spread the message, tell friends, introduce Global Research to discussion groups and classes, distribute our stories, post them on your blogs and social media pages. Read More @ GlobalResearch.com

The Golden Rule Posted: 22 Jan 2014 10:37 AM PST "He who owns the gold makes the rules" Please note:  the "Golden Rule" refers to actual physical gold in one's possession and not futures contracts, GLD shares or even the gold that you have "invested" in via products marketed to wealthy bank clients that claim to have the gold sitting bank vaults (please see this:  ABN Amro Halts Gold Delivery and this:  Rabobank Halts Gold Delivery). Based on several inquiries in response to the article I co-authored with Dr. Paul Craig Roberts - LINK - I wanted to clarify a couple points. It is of critical importance to distinguish between paper gold and physical gold.  The majority of gold commentary generically references the trading of gold, without differentiating between "paper gold" - Comex gold futures and other paper-derived products like GLD or bank investment accounts marketed to wealthy clients - and actual physical bars.  The difference is crucial because paper gold contracts can be printed in unlimited quantities and dumped on the market.  But the seller of real gold takes the risk that his buyer on the other side might demand delivery of the physical gold.  If the seller of a futures contract or a bank investment product like the ones marketed by JP Morgan et al is selling security interest in gold that is not really in the vault, the buyer of that product does not own gold.  He does not get to make any rules. The issue is that historically big buyers of physical gold would leave their gold in bank and Central Bank vaults rather than paying the cost of taking delivery in their own possession for safekeeping (cost of transporation + insurance).   But China as well as other big buyers now require all purchases to be delivered to their own safekeeping because they no longer trust the western banks and Central Banks.  The Fed and its banks have been leasing and borrowing gold from all the vaults in the west in order to have enough gold to deliver to the Asian/Indian buyers.  This has kept the price down in order to support the U.S dollar and the euro. The ratio of paper gold products to actual physical gold is at least 90-100:1.  At least. But this gold Ponzi scheme is coming to an end and all signs indicate that the Fed, BOE and ECB are out of physical gold other than some gold in the GLD Trust and scrap remnants sitting at the back of bank vaults that has to be melted and recast in order to deliver to Asia.  We know for a fact that the scant 5 tonnes of gold shipped from the NY Fed vault to the German Bundesbank had to melted and recast.  And now Germany is left holding 5 tonnes of the 1500 tonnes it gave to the U.S. after WWII for safekeeping. The bottom line is that the Fed does not have Germany's gold and there will eventually be consequences.  This is how sacred the German public considers gold:  Imagine that Germany came to this country, took over all the Starbucks, shopping malls and reality tv production studios.  Next imagine that they shut them all down and forbid any access to them at all.  None.  Imagine the response of the U.S. public. That is what is starting to foment in Germany over the missing gold issue. As I mentioned in the article linked above, Venezuela was able repatriate 160 tonnes of gold in four months.  Why is it going to take the U.S. 7 years to ship back 300 tonnes to Germany when it would require just two trans-Atlantic cargo shipments via air?  The cost of shipping and insurance is miniscule compared to the value of 300 tonnes.  It's because the gold is not there.  It's gone.  No public official is willing to state the obvious and mostly oblivious Americans have no clue it's even an issue. But it is an issue and the severity of that issue will grow with time.  Already German politicians are preparing legislation that will demand the repatriation of ALL of Germany's gold from the U.S. and France.  That will be fun to watch our Government if the legislation passes. But the bottom line is that the U.S. gold being held by the Fed - all of it - is gone.  And soon the U.S. will not be making any rules in the global geopolitical arena.

The Golden Rule Posted: 22 Jan 2014 10:37 AM PST "He who owns the gold makes the rules" Please note:  the "Golden Rule" refers to actual physical gold in one's possession and not futures contracts, GLD shares or even the gold that you have "invested" in via products marketed to wealthy bank clients that claim to have the gold sitting bank vaults (please see this:  ABN Amro Halts Gold Delivery and this:  Rabobank Halts Gold Delivery). Based on several inquiries in response to the article I co-authored with Dr. Paul Craig Roberts - LINK - I wanted to clarify a couple points. It is of critical importance to distinguish between paper gold and physical gold.  The majority of gold commentary generically references the trading of gold, without differentiating between "paper gold" - Comex gold futures and other paper-derived products like GLD or bank investment accounts marketed to wealthy clients - and actual physical bars.  The difference is crucial because paper gold contracts can be printed in unlimited quantities and dumped on the market.  But the seller of real gold takes the risk that his buyer on the other side might demand delivery of the physical gold.  If the seller of a futures contract or a bank investment product like the ones marketed by JP Morgan et al is selling security interest in gold that is not really in the vault, the buyer of that product does not own gold.  He does not get to make any rules. The issue is that historically big buyers of physical gold would leave their gold in bank and Central Bank vaults rather than paying the cost of taking delivery in their own possession for safekeeping (cost of transporation + insurance).   But China as well as other big buyers now require all purchases to be delivered to their own safekeeping because they no longer trust the western banks and Central Banks.  The Fed and its banks have been leasing and borrowing gold from all the vaults in the west in order to have enough gold to deliver to the Asian/Indian buyers.  This has kept the price down in order to support the U.S dollar and the euro. The ratio of paper gold products to actual physical gold is at least 90-100:1.  At least. But this gold Ponzi scheme is coming to an end and all signs indicate that the Fed, BOE and ECB are out of physical gold other than some gold in the GLD Trust and scrap remnants sitting at the back of bank vaults that has to be melted and recast in order to deliver to Asia.  We know for a fact that the scant 5 tonnes of gold shipped from the NY Fed vault to the German Bundesbank had to melted and recast.  And now Germany is left holding 5 tonnes of the 1500 tonnes it gave to the U.S. after WWII for safekeeping. The bottom line is that the Fed does not have Germany's gold and there will eventually be consequences.  This is how sacred the German public considers gold:  Imagine that Germany came to this country, took over all the Starbucks, shopping malls and reality tv production studios.  Next imagine that they shut them all down and forbid any access to them at all.  None.  Imagine the response of the U.S. public. That is what is starting to foment in Germany over the missing gold issue. As I mentioned in the article linked above, Venezuela was able repatriate 160 tonnes of gold in four months.  Why is it going to take the U.S. 7 years to ship back 300 tonnes to Germany when it would require just two trans-Atlantic cargo shipments via air?  The cost of shipping and insurance is miniscule compared to the value of 300 tonnes.  It's because the gold is not there.  It's gone.  No public official is willing to state the obvious and mostly oblivious Americans have no clue it's even an issue. But it is an issue and the severity of that issue will grow with time.  Already German politicians are preparing legislation that will demand the repatriation of ALL of Germany's gold from the U.S. and France.  That will be fun to watch our Government if the legislation passes. But the bottom line is that the U.S. gold being held by the Fed - all of it - is gone.  And soon the U.S. will not be making any rules in the global geopolitical arena.

The Deflation Menace Posted: 22 Jan 2014 10:31 AM PST By Peter Schiff, Gold Seek: Dedicated readers of The Wall Street Journal have recently been offered many dire warnings about a clear and present danger that is stalking the global economy. They are not referring to a possible looming stock or real estate bubble (which you can find more on in my latest newsletter). Nor are they talking about other usual suspects such as global warming, peak oil, the Arab Spring, sovereign defaults, the breakup of the euro, Miley Cyrus, a nuclear Iran, or Obamacare. Instead they are warning about the horror that could result from falling prices, otherwise known as deflation. Get the kids into the basement Mom….they just marked down Cheerios! In order to justify our current monetary and fiscal policies, in which governments refuse to reign in runaway deficits while central banks furiously expand the money supply, economists must convince us that inflation, which results in rising prices, is vital for economic growth. Read More @ GoldSeek.com

The Money Bubble, Gold, Silver, & Bitcoin with John Rubino Posted: 22 Jan 2014 10:30 AM PST from perpetualassets:

Here We Go Again! Posted: 22 Jan 2014 09:55 AM PST by Bill Holter, Miles Franklin: They are at it again!  "They" being the "inflationists and deflationists."  The battle seems to be heating up again whether the end game is inflation, deflation, both, which comes first, which one, follows the other etc.  The funny thing is that both camps agree on one thing…"it ain't gonna be pretty."  They agree as to "how" we got here and "why" a financial disaster is coming…but not the final results. I have written several times before on this subject but since it is coming up again I figured I'd take another crack at it.  Basically both camps are alike with the exception of what will happen to the dollar and gold…which when all is said and done is all that really matters because between these two (and of course foreign fiat currencies) is where "purchasing power" resides.  And isn't this what investing is (should be) all about?  Who cares if you worked your whole life for just one dollar, euro or ounce of gold…What if that one "unit" held enough purchasing power to carry you and your family to life's end? Read More @ MilesFranklin.com

GATA meeting with central banks to uncover the facts behind gold manipulation Posted: 22 Jan 2014 09:40 AM PST from cambridgehouseintl: Chris Powell from the Gold Anti-Trust Action Committee (GATA) reveals that he’s been meeting with several central banks, discussing GATA’s documentation on gold manipulation. A must-watch for serious investors!

What an Inflation-Adjusted All Time High in Gold Would Look Like Posted: 22 Jan 2014 09:25 AM PST Gold has been in a bear market for some two years now. As a result of this, many investors believe that the precious metal is no longer a viable investment.   No investment ever goes straight up or straight down. During the last bull market in gold, the precious metal rose 2,329% from a low of $35 in 1970 to a high of $850 in 1980. However, during that time, there was a period of 18 months in which gold fell nearly 50% (see the chart below)     As you can see, from mid-1971 to December 1974, gold rose 471%. It then fell 50%, from December ’74 to August ’76. After that, it began its next leg up, exploding 750% higher from August ’76 to January 1980.   With that in mind, I believe the next leg up in Gold could very well be the BIG one. Indeed, based on the US Federal Reserve’s money printing alone Gold should be at $1800 per ounce today.   Moreover, at $1,800, Gold is Still Nowhere Near Its All-Time High   Now, a lot of commentators have noted that gold is already trading above its 1980 high ($850 an ounce). What they fail to note is that thanks to inflation, $1 in the ‘70s is worth a LOT MORE than a $1 today.     $1 in… Is Worth Today 1970 $5.49 1980 $2.58   For gold to hit a new all time high adjusted for inflation, it would have to clear at least $2,193 per ounce. If you go by 1970 dollars (when gold started its last bull market) it’d have to hit $4,666 per ounce.   Bottomline: gold is nowhere near a peak adjusted for inflation. And when the next leg up begins, we could see a tremendous move.   For a FREE report outlining how to buy Gold at $273, swing by: http://phoenixcapitalmarketing.com/goldmountain.html   Best Regards Graham Summers

The Greatest Threat To The Entire Global Financial System Posted: 22 Jan 2014 09:20 AM PST from KingWorldNews: Embry: "There was an aggravating article in the Financial Times last week talking about gold mining. It was a full page article titled, 'Squandered Opportunity.' And there were half-truths, and there were some truths, but the one unspoken truth is that what really has killed the gold mining companies, other than some of their internal incompetence, is the fact that the gold price was driven down purposely by the central banks and the Western governments…. "That (Western government and central bank manipulation) is what has absolutely blown up the gold miners. John Embry continues @ KingWorldNews.com

AMCU gold strike halted on court order – for now Posted: 22 Jan 2014 09:09 AM PST A South African Labour court has said it needs more time to consider the arguments will give a ruling on 30 January, but has ordered that the strike may not take place in the interim. Read more….

Gold loans set to grow over 9% post hike in lending in India Posted: 22 Jan 2014 09:09 AM PST Rise in ratio would have both bankers and gold loan companies lending more with the same quantity of gold as collateral, and also charge a higher interest rate. Read more….

LBMA gold forecasters toe the bankers’ line with gloomy price predictions Posted: 22 Jan 2014 09:09 AM PST So how does the LBMA's panel of experts' gold price forecasts compare with those of Mineweb readers? Better on average, but individually hugely inferior. Read more….

U.S. Gold Gone -- Dr. Paul Craig Roberts Posted: 22 Jan 2014 09:08 AM PST Dr. Paul Craig Roberts, the Father of Reaganomics, predicts, "I think, this year, you are going to see a further downturn in the economy. The signs are not only that we do not have a recovery, but it's going to get worse. . . . Christmas sales were very negative. There's no growth in people's... [[ 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! ]]

Top 1% Has 65 Times More Wealth Than The Bottom Half And The Global Elite Like It That Way Posted: 22 Jan 2014 09:00 AM PST by Michael Snyder, Economic Collapse Blog: Did you know that the 85 richest people in the world have about as much wealth as the poorest 50% of the entire global population does?  In other words, 85 extremely wealthy individuals have about as much wealth as the poorest 3,500,000,000 do.  This shocking statistic comes from a new report on global poverty by Oxfam.  And actually Oxfam’s report probably significantly underestimates the true scope of the problem, because Oxfam relies on publicly reported numbers.  At the very top of the food chain, the global elite are masters at hiding their wealth.  In fact, as I have written about previously, the global elite have approximately 32 trillion dollars (that we know about) stashed in offshore banks around the world.  That would be about enough to pay off the entire U.S. national debt and buy every good and service produced in the United States for an entire year.  These elitists live on an entirely different planet than the rest of us do.  In fact, according to Oxfam, the richest one percent of the global population has 65 times more wealth than the bottom half of the global population combined. Read More @ EconomicCollapseBlog.com

GERMAN GOLD GONE — Koos Jansen Posted: 22 Jan 2014 08:58 AM PST from SGT Report.com: Writer and researcher Koos Jansen from In Gold We Trust joins us to talk about the shocking developments at the Shanghai Gold Exchange – and the German gold issues, including the statements from Elke Koenig, the president of Germany's top financial regulator, Bafin who candidly stated last week that “manipulation of precious metals is worse than the Libor-rigging scandal."

The Comeback Trend of 2014… So Far Posted: 22 Jan 2014 08:38 AM PST Gold continues to slog sideways this morning after giving up its biggest drop in a month yesterday. Frankly, I don't care what gold is doing today. Instead, my attention is firmly on the miners. I see some potentially lucrative comeback trades shaping up. More on that in a quick minute… First, it's important to remember gold (the metal) didn't exactly perform well in 2013. But during the last few years, gold miners have fared even worse. Since late 2011, large-cap gold mining stocks have fallen more than 60%, while junior miners have tumbled more than 70%. But the first few weeks of 2014 have been different… "After bottoming in December, miners seem to be making something of a comeback," comments Rude researcher Noah Sugarman. "2014 may still be in its infancy, but gold miners are currently outperforming the S&P quite handily." It's true. Miners are snapping back to life. The Market Vectors Gold Miners ETF is up more than 12% in 2014 — while the broad market remains stuck on pause… There are a couple things I like about mining stocks right now. Most miners are massively oversold. And for the first time in months, we're finally seeing some bullish volume appearing — especially in more speculative names such as the Market Vectors Junior Gold Miners ETF (NYSE:GDXJ). Of course, there's a catch… Don't get carried away and plow a bunch of money into miners without a plan. As of today, I don't know if this move higher will stick. We could be dealing with a change in trend or just a dead cat bounce. But that doesn't mean you should completely ignore these stocks. Remember, you can play the potential change in trend — just don't marry your trade. Stay selective and keep your stops tight. Don't chase the big moves. Buy the dips if you miss the initial breakouts. And don't get too caught up in the narrative… Regards, Greg Guenthner for The Daily Reckoning Ed. Note: In this morning’s Rude Awakening, Greg gave his readers the chance to discover a hot gold miner he’s been following recently. But that wasn’t all… He also gave them 5 specific numbers to watch and 3 specific chances to discover real, actionable investment plays. And he does this every single trading day, right around the opening bell. That way you’re prepared for whatever the market throws at you on any given day. And it’s completely FREE. So what are you waiting for? Give it a try, by signing up for free right here.

Dead Mall Syndrome: The Self-Reinforcing Death Spiral of Retail Posted: 22 Jan 2014 08:23 AM PST Submitted by Charles Hugh Smith from Of Two Minds Dead Mall Syndrome: The Self-Reinforcing Death Spiral of Retail  Retail CRE is highly leveraged and loaded with staggering amounts of debt that rests on leases that are only as good as the retailers' profit-loss statements and solvency. The decay of the "build it and they will come" model of commercial real estate is gathering speed for a simple systemic reason: the decline is self-reinforcing in several critical ways. Before we start the analysis, let's ask a basic question: How much of the stuff and services purchased at retail outlets, malls, strip malls, etc. is absolutely necessary and how much is excess consumption? Conventional "Growth by any means" Cargo Cultists such as Paul Krugman never ask this basic question, because the answer (very little is essential, most is excess consumption) undermines the entire narrative that all growth is good, even the most marginal, unsustainable, wasteful and fiscally imprudent. I've captured the essence of retail in America with this photo: Put another way: what if Degrowth is the future, for a variety of structural reasons? If so, the need for billions of square feet of commercial space will implode. Degrowth, Anti-Consumerism and Peak Consumption (May 9, 2013) Looming U.S. Retail Implosion: DeGrowth 2014 (December 4, 2013) There are two primary self-reinforcing dynamics in retail CRE (commercial real estate): consumerist and financial. Let's start with the consumerist dynamic, which is composed of several interlocking feedback loops. 1. As the cost of big-ticket household expenses such as healthcare, energy, college, etc. rises while real income declines for the bottom 90%, households have less disposable income to spend on excess consumption--another tattoo, skinny-triple-mocha-fudge-lattes, 13th pair of shoes, etc. I addressed the decline in real income yesterday in The First Domino to Fall: Retail-CRE (Commercial Real Estate). 2. The rise of eCommerce is eroding the desire to drive to the mall, strip mall, etc. when the goods can be delivered to one's door by the Brown Truck Store (Mark G.'s phrase). 3. As anchor chain stores and other key retailers reduce inventory and slash investment in maintenance and store improvement, the attractiveness of these physical places declines dramatically. Shopping in a decaying sepulchral cavern with little inventory on the shelves is not very appealing. 4. As chains close anchor stores in malls, foot traffic declines and the feeding chain of smaller retailers starves. The "cool/fun" factor of a mall declines exponentially with store closings. It's just not much fun to stroll through a huge space filled with closed storefronts and few other shoppers. In fact it can be a quite depressing experience. The financial self-reinforcing dynamics are equally pernicious. Correspondent Chris H. (U.K.) recently described the precarious dependence of property valuations on long-term leases: The book value of the properties is based on the attainable rents. If just one property in the portfolio has to settle for a lower long-term rental rate, that will devalue the entire 'book to market' portfolio. Just a few low 'book to market' evidence-based valuations and the whole sector could collapse. One way to dodge that bullet is to not offer any long-term leases. Another is to entice major tenants to sign high-value leases with various guarantees (that the mall will maintain a certain occupancy rate, etc.). The primary point here is that CRE is highly leveraged and loaded with staggering amounts of debt that rests on leases that are only as good as the retailers' profit-loss statements and solvency. As Mark G. noted in his overview After Seven Lean Years, Part 2: US Commercial Real Estate: The Present Position and Future Prospects, the standard commercial real estate loan is not a 30-year mortgage; it's a short-term mortgage ( 5 to 10 years) with a huge balloon payment that's due at the end of the term--a balloon payment that requires refinancing. That need to refinance will force lenders to examine mall owners' leases and the valuations that are based on high occupancy and lease rates. As anchor tenants vacate and smaller tenants close up in their wake, how many of these retail properties will justify their previous valuations? What happens to these properties when the balloon payment can't be paid because the owners cannot refinance? There are three other financial factors to consider: 1. Many of the healthiest malls are "premium outlets" that cater largely to foreign tourists and the dwindling class of upscale American households. Should a global recession occur, tourism will take a hit, along with the ability of foreign tourists to buy thousands of dollars of luxury brand handbags, etc. 2. Since the top 10% of U.S. households is heavily dependent on bonuses, ownership of stocks, real estate appreciation, etc. for their income gains, a rollover in equities and residential real estate would negatively impact the "wealth effect" that has powered their five-year long shopping spree. 3. Much of the "growth" reported by retailers has resulted from poaching existing store sales: The American Model of "Growth": Overbuilding and Poaching (November 19, 2013). Once the wheels fall off this model of "growth," chains will enter a cycle of closing marginal stores to boost profits. That will place additional pressure on retail properties as once-reliable chain tenants exit marginal properties en masse.

Central Banks, Gold & the Currency Market, Part II Posted: 22 Jan 2014 08:07 AM PST Bullion Vault

Sprott CIS: “This Might Be One of the Great Trades of All Time” Posted: 22 Jan 2014 07:12 AM PST Today's guest contributor needs no introduction, but I'll give him one anyway. John Embry is the Chief Investment Strategist of Sprott Asset Management, a position he's held for nearly a decade. Having studied precious metals for over thirty years, John knows all there is to know about gold. He's invested in precious metals through both crushing bear markets and raging bulls, giving him unique insight into where gold may be going next. In short, John Embry's opinions on gold are worth paying attention to… and he has some very strong opinions about where gold prices are going in the next twelve months. Speaking of which, if you want to know what will happen to gold, silver, and the stock market in the coming year, don't miss our traditional January Forecast Edition of BIG GOLD. In it, you'll find 2014 market predictions from 19 experts Senior Editor Jeff Clark interviewed for this issue. Aside from the "Casey Brain Trust," this all-star cast includes top gold analysts and fund managers, such as John Hathaway, Charles Oliver, Brian Hicks, and Rick Rule… as well as big-name economists, financial authors, and hedge fund managers, such as James Rickards, Chris Martenson, Grant Williams, Bob Hoye, Brent Johnson, and more. They answered pressing investor questions like: The Fed says it will begin to taper quantitative easing. Is it all over for gold? Demand for bullion is through the roof, yet the paper price remains low. Why? Will this ever change? What catalysts do you foresee that will bring investors back into the gold market? Does this start in 2014, or is it several years away? What's your best investment advice for 2014? To read this in-depth Annual Forecast Survey, all you have to do is give BIG GOLD a risk-free try. You can test it for 3 months, with full money-back guarantee—and if you find it's not right for you, just cancel within that time for a prompt and full refund. Click here to get started. Back to John Embry, though. What follows is a lightly edited interview transcript between John and Sprott employee Henry Bonner. They discussed gold's 2014 prospects, whether the "taper" could put downward pressure on gold, what John expects from gold mining companies when gold does begin to recover, and much more. Read on for John Embry's take on all things gold. Dan Steinhart Managing Editor of The Casey Report My Interview with John Embry By Henry Bonner John Embry is an investment strategist at Sprott Asset Management LP and works alongside Rick Rule and Eric Sprott. Mr. Embry oversaw $5 billion in funds at RBC Global Investment Management before Sprott, and he is a well-known gold and silver bull and considered an influential thought leader on precious metals. I got on the phone with Mr. Embry to talk about gold and silver at the start of 2014… Hello John, what's on your mind when it comes to gold and silver right now? Well, I am really fascinated with the gold and silver markets for a simple reason: I believe that the fundamentals that should be driving the price couldn't be better. At the same time, because the price of both gold and silver have been driven down relentlessly—going on two and a half years now for gold—the degree of undervaluation against any method that I look at is approaching historic records. As a result of this counterintuitive price action that we've seen in both metals, the sentiment in the market is horrible. I don't think I've actually ever seen people so negative and disinterested in the subject, which I think represents one of the greatest buying opportunities in history. Do you agree with Eric Sprott on his outlook for gold in the next 12 months (that the price could double in that time frame)? Yes, definitely; we certainly see eye to eye on the precious metals thesis. And one of the reasons I am buoyed in this is that all of the preconditions for a significant bottom are in place; none more so than the sentiment. I love to see really negative sentiment and right now it's about as negative as it gets. When you throw in what's going on in the financial and economics world—what's really going on, not what the mainstream is telling you—and you superimpose it on that historic undervaluation, I totally agree with Eric's views on this thing. We're not talking small moves here. When this thing really gets going, we're going to be talking multiples of the current prices. It will unfold over time, but it could happen quickly too. What time frame are we talking? Do you see a catalyst ahead? Well, one thing that I've been watching closely is Germany's request to repatriate its gold. The Germans asked for their gold, that was being held at the Fed, to be returned a year ago. We're told, remarkably, that they'll only get the 300 tons back over seven years. Quite frankly, if the gold were actually there, they could put it on a couple of cargo planes and get it back to Germany in a week. It begs the question: Is the gold there? It turns out that a year later, they've returned about 37 tons. If they're stretching it out evenly over seven years, then they should have delivered substantially more than that. It also turns out that the gold has been re-refined! I think that one of the great scandals that's going to emerge when all this is over is that this gold, which is allegedly in official hands, has been lent and hypothecated, and it just isn't there anymore. When that comes to widespread attention, I think that the impact on the price of gold—and by extension, silver—is going to be enormous. And I think we are dealing with a time frame on the order of 12 months for this to happen. Your colleague at Sprott, Rick Rule, frequently talks about Quantitative Easing (QE) and the inevitable effects of the increased monetary supply. Is this separate thesis somehow connected to the thesis that there is a gold shortage? That's the fundamental driver that is going to affect gold. It's not gold changing price—it's the price of the money in which gold is being valued that's going down. So I completely agree with Rick. Superimposing on that, there is also a significant physical shortage of gold because a lot of the gold that we think is there isn't there. More importantly, the Chinese have long since figured this out and are buying every single ton they can get their hands on. So we're not even dealing with outcomes here—I'm very confident about what the outcome will be. We're dealing with the short-term timing of it, and that's been difficult. It's stretched out longer than I would have thought. Do you think central banks are still in "denial" about this; or have they recognized it to some extent? Well, I'm glad that I'm playing my hand. I wouldn't want to be playing theirs because I don't know what their answer is going to be. As far as I can see, they've got themselves painted into a corner. Given the state of the economy and particularly the financial system, the idea that there's going to be any significant reduction in the money printed by these central banks in the Western world is preposterous. They're going to have to keep printing more and more money just to make sure nothing goes badly wrong. The gold and silver are really small potatoes compared to the real problem that we face—interest rates. If gold and silver were to escape the shackles that they've been in for the last couple of years and started to rocket in price, I think that people might start to question whether the monetary policy that's been in place for the last decade is, in fact, prudent. And if they came to agree that it was not prudent, interest rates could rise dramatically. This is the one thing that this system cannot stand, and that's the reason that they've been pursuing this policy of zero-based interest rates. What about the Fed's attempt to "taper," reducing QE recently? Well, I think it's all optics. As they realize that people are catching on to their act, they're going try to look like they're somewhat responsible. I think a $10 billion taper per month is next to nothing. Do I think that they are going to continue to taper continually until we get to the zero? No, because I think that at that point the economy would buckle. Then they'd have to recognize that they need more stimulus—and that will be the end of the "taper." Do you think the mining stocks will be a good investment if gold recovers? I think, quite frankly, that this might be one of the great trades of all time. These stocks are so cheap now because at these gold and silver prices, nobody can make any money! If I'm right on the large magnitude move in the gold and silver price, it will lead to a tremendous flow of money into this sector because these companies will start making a lot more money. The sector has shrunk to such a small market cap—because of the current bear market—that when the money does come I think it will be outsized. These stocks have fallen so far, and people are so negative on them, that a change in sentiment could drive these prices upwards very quickly. Are you concerned that the price of gold could fall even further within, say, the next 12 months? Well, that seems to be the "buzz" out there. That's what the media are saying. Honestly, I was surprised that the price had fallen this far, so I will not exclude that possibility. But I would advise you to look at the shortage developing in the physical market. I would be very surprised if these negative predictions that we see everywhere will come true given what is happening with the physical demand. You can hear more opinion and commentary from Rick Rule, Eric Sprott, John Embry, and other thought leaders in natural resources and precious metals by subscribing to Sprott's free regular newsletter, "Sprott's Thoughts", here. You can contact Henry Bonner, the author of this interview, at hbonner@sprottglobal.com This article has been prepared by the author, and all views expressed are those of the author and not Casey Research, LLC. Casey Research, LLC does not endorse and has not vetted the author's investment strategy or experience and makes no recommendation regarding any investment promoted by the author. You are solely responsible to review and evaluate any investment promoted by the author and its suitability for your own individual circumstances.

14 Questions for 2014 Posted: 22 Jan 2014 06:28 AM PST Gold and silver have protected purchasing power and assets for 5,000 years. In this twilight period of the current debt based monetary system it seems likely gold and silver will increasingly be necessary for protection of ... Read More...

PATIENCE REQUIRED Posted: 22 Jan 2014 06:21 AM PST In my last post I noted that gold could give a major buy signal in the next 2-3 weeks. Let me stress again that patience is required right here. Gold has to confirm the intermediate rally first. That means it needs to break above $1268 and make a higher high. If it doesn't do that then no buy signal will be generated. Without a reversal of the pattern of lower lows and lower highs then this is just another weak bear market rally destined to roll over and break the bulls hearts again.  So far every time gold gets close to breaking through the 1250-1260 resistance zone a huge seller materializes, usually in the pre-market, to dump several million oz. of paper gold on the market and drive gold back down. This happened again yesterday.  I can't stress enough that gold has to get above $1268 before the FOMC meeting next week. Gold can't enter the declining phase of it's daily cycle from a position of weakness below $1268. If it does then they are going to beat the crap out of it, and there is a serious threat that they could break the intermediate rally.  If they do break the intermediate rally then we are going to see $1030 gold over the next 4-5 months.  There is a serious war ongoing for control of the paper gold market and the big seller won a major battle yesterday when they prevented gold from holding above $1250. Gold needs to recover immediately and get above $1268 so the declining phase of the daily cycle can begin from a position of strength, not weakness. So let me stress again: This is still a very dangerous market. The manipulation has not ended. Wait till the next daily cycle bottom before jumping into the sector. That bottom has to hold above the Dec. 31 low, and the only way it's going to do that is if gold can get above $1268 before this cycle tops. That means it's going to have to fight off the continued manipulation that's holding it down.

Silver: The Support at 19.94 Has Been Broken Posted: 22 Jan 2014 05:17 AM PST Silver has successfully tested the resistance area defined by 20.52 and has broken the hourly support at 19.94 (15/01/2014 low). However, weakness has thus far been capped by the short-term declining channel. Read More...

Gold Prices "Rangebound 'Til Fed" But "Set to Suffer" Say Analysts, UK Unemployment Hits Rate-Rise Threshold Posted: 22 Jan 2014 05:15 AM PST GOLD PRICES traded tight around $1240 per ounce Wednesday morning in London, retaining yesterday's 1.1% drop as world stock markets also held flat with commoditis.   Major Western-government bonds fell in price, pushing market interest rates higher.   "We think volatility [in gold prices] will increase markedly next week," says US brokerage INTL FCStone, "heading into the Fed policy statement" from the US central bank, widely expected to cut QE money printing by another $10 billion to $65bn for February.   Meantime, "The [precious metals] market is going nowhere and remains range bound," says a note from David Govett at Marex Spectron's London brokerage.   "There is some physical demand around which is helping support the market, but on the whole business is scarce."   The gold price in British Pounds today fell through £750 per ounce as Sterling broke new 12-month highs to the Euro following news of a sharp drop in the UK's unemployment rate.   Dropping to 7.1% on December's official data, the UK jobless rate is only just above the Bank of England's "forward guidance" target for potentially raising interest rates from their all-time historic low of 0.5%.   But with official CPI inflation falling to its 2.0% target for the first time in four years, policy makers at the Bank's January vote "saw no immediate need to raise Bank Rate even if the 7% unemployment threshold were to be reached in the near future," according to minutes released Wednesday morning.   Tuesday saw the International Monetary Fund revise its UK and global economic forecasts for 2014 sharply higher, notes Commerzbank's commodities team. So "global equity markets picked up again.   "Speculative financial investors [in gold] are thus likely to have taken profits," they add, noting Tuesday's outflow of 2 tonnes from exchange-traded gold funds following a run of inflows late last week.   Silver ETFs yesterday added some 119 tonnes, says Commerzbank, the greatest inflow since August. But "this did not help the silver price," which was still trading below $20 per ounce Wednesday lunchtime in London.   "Price performance [in precious metals] will continue to suffer," reckons a new report from investment bank Morgan Stanley's analysts.   Should "risk assets in general and US equities in particular continue to perform strongly," write  Peter Richardson and Joel Crane – cutting their 2014 target gold price by one-eighth from their previous projection to $1160 per ounce – this will work to "undermin[e] the need for portfolio managers to hold more than a modicum of safe-haven assets."   The average forecast for 2014's average gold price in this year's LBMA contest now sees a 14% drop to follow 2013's drop of 15%, the worst since 1982.

Market Monitor – January 22th Posted: 22 Jan 2014 03:25 AM PST Top Market Stories For January 22th, 2014: Gold Stocks Pause, But Not For Long - 321 Gold How Long Can Gold Prices be Held Down? – Demand Factors - GoldSeek Junior Gold Miner Bulls are now beginning to put the screws to the Bears - GoldSeek Gold – Disconnect Between Fundamentals And Price. Perception Rules - GoldSeek Bundesbank to [...]

Gold price 'to average $1,220 in 2014' Posted: 22 Jan 2014 02:54 AM PST Some analysts expect price to fall below £1,000, while others are much more bullish This posting includes an audio/video/photo media file: Download Now

2014 – The Year to Invest in Gold Posted: 22 Jan 2014 02:52 AM PST This article has been submitted by the editor of ProfitConfidential.com. 2013 was the first time in more than a decade that the gold prices headed south. Unsurprisingly, the major stock markets in the US did exceptionally well, and the economy also showed signs of revival. Considering the poor performance of gold in 2013, the general perception in the market today is that the era of investing in gold is over, and the yellow metal will continue to lose its value in the coming years. There is no denial that gold has always been viewed as a safe haven by the investors during times of economic crisis. However, it is also true that gold prices take a beating when the investor confidence in the economy improves. There is little surprise that gold lost about a quarter of its value last year and Dow Jones Industrial Average and S&P 500 offered returns in the excess of 25%. Proponents of gold investing are of the belief that last year gold prices simply went through a "correction", and this has provided a great opportunity for people to enter the gold bullion market. They are of the belief that fundamentals of gold are still strong, and the yellow metal will soon recover its value. Nick Barisheff, the author of "$10,000 Gold", in an article published on "The Market Oracle" has written that COMEX futures distorted gold prices in 2013, leading to an artificial reduction in the value. Nick Barisheff also opines that the gold prices will not reduce further as the average production costs in mines exceed $1,200 per ounce. Also Read: NYSE Holidays 2014 Most experts are of the belief that the hammering gold received in 2013 was partly due to a mistaken view that the global economy was improving. Global economies, on the other hand are stacking up on gold, and when the current activity of relentless money printing boomerangs, it will be the yellow metal that people will desperately try to get hold of. There is no surprise that central banks and global economies are increasing their gold reserves. Turkey imported more than 300 tons of gold in 2013, a staggering 23% increase from 2012. China, where gold holds significant social and cultural value, bought a record 2,200 tons of gold in 2013. Other important economies that stacked up on gold when the mainstream outlook towards gold was bearish were Russia and South Korea. (Casey Research, The Market Oracle) Overall, the mainstream outlook towards gold might be bearish, but as the investment contrarians will tell you, 2013 wasn't a year of the end of the 'golden era'; it was a year of new opportunities in the gold bullion market. For those who were waiting for the right moment to buy gold, the moment is now, and it won't be long before your investment comes good.

Eric Lemieux: What Does 2014 Hold for Metals? Posted: 22 Jan 2014 12:00 AM PST Eric Lemieux, a mining analyst with Laurentian Bank Securities in Québec, is a realist, which makes his optimistic outlook for miners in 2014 that much more compelling. Lemieux believes that with the wheat separated from the chaff over the past tumultuous year, the truly strong companies have emerged. But you may be surprised by the jurisdictions he predicts will come to life in 2014. Lemieux makes some startling, but happy forecasts in this interview with The Gold Report.

Eric Lemieux: What Does 2014 Hold for Metals? Posted: 22 Jan 2014 12:00 AM PST Eric Lemieux, a mining analyst with Laurentian Bank Securities in Québec, is a realist, which makes his optimistic outlook for miners in 2014 that much more compelling. Lemieux believes that with the wheat separated from the chaff over the past tumultuous year, the truly strong companies have emerged. But you may be surprised by the jurisdictions he predicts will come to life in 2014. Lemieux makes some startling, but happy forecasts in this interview with The Gold Report.

Grant Williams: The evidence of gold price suppression is everywhere Posted: 21 Jan 2014 11:32 PM PST 11:31p PT Tuesday, January 21, 2014 Dear Friend of GATA and Gold: In the January edition of his "Things That Make You Go Hmmm. ..." letter, Singapore-based fund manager Grant Williams recapitulates the Western central bank gold price suppression scheme from the 1990s to the present, with emphasis on the German Bundesbank's making itself ridiculous as it purports to repatriate its gold from the Federal Reserve Bank of New York and the Banque de France. It is a great service to newcomers to the issue. Williams concludes: "I firmly believe that in the years to come, when we look back at the great game being played in gold, we will pinpoint January 16, 2013, as the day when it all began to unravel. That day, the day the Bundesbank blinked and demanded its bullion, will be shown to be the beginning of the end of the gold price suppression scheme by the world's central banks; and then gold will go on to trade much, much higher. "The evidence of suppression is everywhere, though most refuse to believe their elected officials are capable of such subterfuge. However, the recent numerous scandals in the financial world are slowly forcing people to realize that anything and everything can be manipulated. Libor, mortgage rates, FX -- all were shown to be rigged markets, but none of them has the importance that gold has at the center of the financial universe, yet all of them are far bigger markets than gold and therefore much harder to rig. "Gold is a manipulated market. Period. "2013 was the year that manipulation finally began to unravel. "2014? Well, now, this could be the year that true price discovery begins in the gold market. If that turns out to be the case, it will be driven by a scramble to perfect ownership of physical gold; and to do that you will be forced to pay a lot more than $1,247 per ounce. Count on it." Williams' letter is posted at the Mauldin Economics Internet site here: http://www.mauldineconomics.com/ttmygh/that-was-the-weak-that-worked-par... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Jim Sinclair plans seminars in Asheville and Austin Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminars from 2 to 6 p.m. Saturday, January 25, at the Clarion Inn Asheville, 550 Airport Road, Fletcher, North Carolina, and from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Asheville seminar are posted at Sinclair's Internet site, JSMineSet.com, here: http://www.jsmineset.com/2014/01/07/north-carolina-qa-session-venue-conf... Details for the Austin seminar are posted at JSMineSet.com here: http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/ Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China 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: 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 A Personal Touch in Buying Precious Metals If you've not secured your allocation of precious metals and numismatic coins, 2014 may be the last year to get them at affordable and undervalued prices. With huge amounts of gold leaving the West for Asia, the future availability of precious metals is very much in doubt. All Pro Gold has competitive pricing on all bullion and numismatic products -- and offers prompt delivery too. Long-time GATA supporters Fred Goldstein and Tim Murphy are glad to answer any questions or concerns about acquiring the monetary metals. All Pro Gold has an extensive electronic library of articles from the world's top market analysts. Learn more at www.allprogold.com or write to Fred and Tim at info@allprogold.com or telephone them at 1-855-377-4653.

14 Questions for 2014 Posted: 21 Jan 2014 11:05 PM PST Read the Latest News About: Gold    Silver    Economy    Central Banking "Those who cannot remember the past, are condemned to repeat it."... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!}

Banks have become 'instruments of government policy,' Hathaway says Posted: 21 Jan 2014 11:01 PM PST 11p PT Tuesday, January 21, 2014 Dear Friend of GATA and Gold: The Tocqueville Gold Fund's John Hathaway not only gets it now -- he's saying it, and loudly. In the second installment of his interview today with King World News, Hathaway predicts that, as Jim Sinclair long has advocated, people will start wanting to keep their gold outside the banking system. "The banking system is becoming increasingly oppressive, onerous, and intrusive," Hathaway says. "So I think we are in the very early days of recognition that banks are instruments of government policy. This policy has been made possible because of the huge amount of concentration among large institutions. They are basically arms of the treasury functions of various sovereigns. So I think people with wealth, with liquid assets, who want real safety for a portion of their liquid assets, they will choose to have physical metal. They will migrate away from paper substitutes, and I just feel like we are at the beginning of a wave of that kind of thing." Hathaway's comments are posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/22_Hi... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT A Personal Touch in Buying Precious Metals If you've not secured your allocation of precious metals and numismatic coins, 2014 may be the last year to get them at affordable and undervalued prices. With huge amounts of gold leaving the West for Asia, the future availability of precious metals is very much in doubt. All Pro Gold has competitive pricing on all bullion and numismatic products -- and offers prompt delivery too. Long-time GATA supporters Fred Goldstein and Tim Murphy are glad to answer any questions or concerns about acquiring the monetary metals. All Pro Gold has an extensive electronic library of articles from the world's top market analysts. Learn more at www.allprogold.com or write to Fred and Tim at info@allprogold.com or telephone them at 1-855-377-4653. Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China 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: 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 Jim Sinclair plans seminars in Asheville and Austin Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminars from 2 to 6 p.m. Saturday, January 25, at the Clarion Inn Asheville, 550 Airport Road, Fletcher, North Carolina, and from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Asheville seminar are posted at Sinclair's Internet site, JSMineSet.com, here: http://www.jsmineset.com/2014/01/07/north-carolina-qa-session-venue-conf... Details for the Austin seminar are posted at JSMineSet.com here: http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/

Gold vs. Bitcoins: Gold Bugs Shouldn’t Be Bitcoin Bashers! Here’s Why Posted: 21 Jan 2014 09:42 PM PST Bitcoin bashers and angry gold bugs have missed the bus and are missing the point. While Bitcoin may be attracting some of the investment dollars that would otherwise be flowing into gold, the two are actually quite complimentary and can co-exist nicely. This article explains why that is the case. So says Jason Hamlin (goldstockbull.com) in edited excerpts from his original article* entitled Bitcoin is Not the Enemy of Gold Investors. [The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com 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.] Hamil goes on to say in further edited excerpts: The Bitcoin price went up 6 times or roughly 500% during during November, rocketing from around $200 to $1,200 before correcting back to $600 and my inbox and news feed was suddenly flooded with Bitcoin bashers. The hatred and bitterness came through rather strikingly, especially from precious metals investors… Why Bitcoin bashers hate Bitcoins They claim it is a Ponzi scheme, but Bitcoin hardly resembles a Ponzi scheme. Bitcoin has no sole authority pulling strings behind the curtain and there is no scam artist promising incredible returns while cooking the books. Bitcoin is open-source, transparent and run by the community that uses it. A Ponzi scheme has a bunch of losers that end up giving all of their money to a single winner. It is a zero sum game in the end. Bitcoin does not require a bunch of losers or a central conman to operate it and Bitcoin is not a company or person benefiting from a zero sum game. Bitcoin is not based on fraudulent claims about its value or the returns it will generate, but voluntary participation in the system. Gold investors and liberty lovers should not hate Bitcoin…After all, it is the people's money and is used voluntarily, unlike FED notes such as U.S. dollars, which rely on coercion to force acceptance, both domestically and abroad. We witnessed what happens to Middle Eastern leaders that wish to accept payment for oil in something other than dollars or talk of creating a gold-backed currency. Why Bitcoin bashers should love Bitcoins They should love Bitcoins because: 1. they are outside the control of any governments or central banks. The FED and their shareholders are not benefiting from a monopoly on issuance of Bitcoin. Politicians are not getting kickbacks and lucrative jobs at Bitcoin banks after their retirement. Furthermore, the supply of Bitcoin is strictly limited to 21 million, unlike FED notes which can be created literally to infinity via printing presses and strokes on a computer keyboard. The banks can not lend out Bitcoins they do not own and government can not fund wars via printing Bitcoin. 2. they are created at a decreasing and predictable rate. The number of new Bitcoins created each year is automatically halved over time until Bitcoin issuance halts completely with a total of 21 million Bitcoins in existence. There can never be more than 21 million Bitcoin created, so investors need not worry about the type of inflation that has resulted in the U.S. dollar losing over 95% of its value since the Federal Reserve was created in 1913. These are the characteristics that have attracted so many people to precious metals and the flaws that have inspired a growing distrust in central bank fiat money. Before you lump Bitcoin into the fiat money category, consider that it is not created without considerable effort, via government decree or other authoritarian command, as defined by Webster. While it may not have physical form and utility such as those that give precious metals value, Bitcoin certainly has intrinsic value in its ability to quickly and cost-effectively transfer wealth anywhere around the globe in minutes. This is a valuable characteristic that Bitcoin offers over any other form of currency. Try sending $100,000 worth of gold outside of the United States or bringing it with you on a plane. Try wiring money to Europe the same day or without coughing up significant bank fees for them to simply transmit electronic data on your behalf. "Follow the munKNEE" viaFacebook – https://www.facebook.com/lorimer.wilson (Click on Timeline) The merits of Bitcoins Gold bugs hate the fact that Bitcoin "isn't backed by anything" but: Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). As with all currency, Bitcoin's value comes only and directly from people willing to accept them as payment. Furthermore, gold is not limited in quantity like Bitcoin. New technologies might increase the mining efficiency and supply of gold in the coming years. We could find out that the Earth's core is filled with gold or nearby planets have massive supplies ripe for the picking once space travel progresses. Unlikely? Maybe, but with Bitcoins the supply mathematics are perfectly predictable. How about the obvious manipulation in the gold and silver markets and control that a few banks and agencies have over price discovery? JP Morgan can't use paper leveraged trading to artificially manipulate the Bitcoin price like they do with silver. There is no London Bitcoin association that fixes the Bitcoin price twice a day. By contrast, the price of a Bitcoin is determined by free market supply and demand. Also, there are no privileged traders getting important economic data ahead of others, trading on inside information or using high-frequency platforms and co-location to rob from less sophisticated traders. Some of these elements may try to sneak their way into the Bitcoin universe, but for now the playing field is significantly more level and fair than any offering the financial world has put forth. Can Bitcoins become worthless? Yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin. Sign up for our FREE Market Intelligence Report newsletter Is Bitcoin a bubble? A fast rise in price does not constitute a bubble. An artificial over-valuation that will lead to a sudden downward correction constitutes a bubble. Choices based on individual human action by hundreds of thousands of market participants is the cause for Bitcoin's price to fluctuate as the market seeks price discovery. The primary factors driving the Bitcoin price higher are increasing awareness and usage, not artificially low interest rates or government policy. There is some irrational exuberance and greed to be sure, but people aren't falsifying income to banks to get loans or utilizing margin accounts to acquire Bitcoins, as were the causes of previous bubbles. The fact that Bitcoin can operate independent [of] meddlesome governments and banks helps to ensure the price action is market driven and not induced by a small group of people with political power. What if the power grid goes down? Bitcoins can be stored offline on a hard drive, USB stick, CD or DVD. You will need a network to send Bitcoins, but you won't lose your Bitcoins if the electrical grid goes down or the Internet is turned off temporarily. If the Internet is shut down forever, I suppose you risk your Bitcoin investment, but you will have to decide how big of a risk you ascribe to this possibility. "Follow the munKNEE" – Set up an RSS feed: It's really easy - here's how Parting Shot I certainly do not advocate moving all of your wealth into Bitcoins or buying after such an exponential move, but I find it sad to see so many smart, freedom-loving people bashing Bitcoin because they failed to personally profit or don't understand how it works. It is not perfect to be sure, but Bitcoin offers: many of the same advantages over government fiat that so many gold investors seek… plenty of advantages that gold can't provide, such as the ability to send, receive and buy items online instantly or transfer your wealth anywhere in the world without fear of government confiscation or high bank fees, a similar degree of anonymity as precious metals and certainly more than brokerage accounts, bank accounts or other digital forms of wealth and is a currency of free choice, brought about by the free market and absent the necessity of coercion to exist, which are attributes this community should be embracing and supporting. The government may find a way to restrict usage or a better digital currency may rise up to take its place, but Bitcoin is not the enemy of gold investors or libertarians. It is complimentary to precious metals and they each have their respective strengths and weaknesses…These two forms of currency have more similarities than differences and we should be rejoicing in growing adoption of a free market currency not controlled by the big banks or their lapdog politicians. [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.] *https://www.goldstockbull.com/articles/bitcoin-not-enemy-gold/ (Copyright © 2014 Gold Stock Bull – All Rights Reserved; Sign up for FREE email updates or click here to view the portfolio/newsletter (paid content) Related Articles: (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. Is Popularity of Bitcoins Adversely Affecting Price of Gold? 1 Comment It is possible that Bitcoins are starting to steal some of gold’s historic role as a safe haven asset, and if that comes to pass it will be a headwind for the metal and the miners of it going forward…. Read More » 2. Bitcoin Buzz from Visual Capitalist 1 Comment What currency is feared by the European Central Bank as a threat to fiat monetary institutions? What currency is cash-like but digitally transmittable allowing for ultimate anonymity and global mobility? What digital currency is up over 2,200% over the last year? It’s Bitcoin. Read More » 3.   Bitcoin vs. the U.S. Dollar – No Contest – Ever! Ever since the Federal Reserve embarked on its easy money campaign, everyone and their mother has been on a crusade for an alternative reserve currency. [The euro and China's yuan have been talked about - and dismissed - as realistic contenders and]…during the world's desperate search, the Federal Reserve has just  continued printing more money. That has only intensified the desire for an  alternative. Enter Bitcoin. Ultimately, however, it is all about greed – not a genuine interest in a fundamentally stronger alternative to  the status quo – that's driving Bitcoin prices so forget Bitcoin being a contender as an alternative currency. At best, it's a speculative investment, and a very speculative one at that. Read More » 4. New Developments in the World of Money 1 Comment Due to concerns about inflation and money printing, the last 20 years has seen an incredible number of new developments in the world of money. This infographic shows how gold got digital, how digital currencies exploded into life and who the key players are in this global story. Read More » 5. Goodbye Euro, Hello Bitcoin? Will Use of New Crypto-currency Spread Across Eurozone? For weeks commentators have been discussing the possibility of Greece leaving the eurozone and how a return to the drachma might be facilitated…The drachma is not Greece's only option however….In some parts of Greece social entrepreneurship, technology, and skepticism of politicians have already given rise to alternate trading mechanisms and created an environment where a cyrpto-currency by the name of "Bitcoin" could become increasingly popular. [Let me explain.] Words: 709 Read More » 6. What Are P2P Currencies (Bitcoin & Litecoin)? Should We Get Some? Bitcoin is the first peer-to-peer (P2P) digital currency and payment system to gain significant interest. This month its marketcap surpassed $1 billion. [Below is a description of what Bitcoin is, and isn't, and why it has caught on to the extent it has.] 7. This Whole Bitcoin Thing is Fascinating & Troubling – Here's Why I've become interested in this whole Bitcoin thing, the electronic currency first was issued about 3 years ago, and I think it is fascinating – and troubling. Here's why. 8. Bitcoin Is Ushering In a New Monetary Era – Here's Why What currency is feared by the European Central Bank as a threat to fiat monetary institutions?  What currency is cash-like, but digitally transmittable allowing for ultimate anonymity and global mobility? What digital currency is up over 2,200% over the last year? The answer?  Bitcoin. Read More »   The post Gold vs. Bitcoins: Gold Bugs Shouldn’t Be Bitcoin Bashers! Here’s Why appeared first on munKNEE dot.com.

Historic Short Squeeze To Send Gold To New All-Time Highs Posted: 21 Jan 2014 09:01 PM PST On the heels of tremendous volatility in key global markets, today a 42-year market veteran spoke with King World News about exactly what is going to trigger a massive and historic short squeeze that will quickly send gold to new all-time highs. John Hathaway, who is one of the most respected institutional minds in the world today when it comes to gold, and whose fund was awarded a coveted 5-star rating, also discussed how this short squeeze will unfold, and what it will mean for investors. This posting includes an audio/video/photo media file: Download Now

Economic Collapse 2014 -- No Jobs, No Recovery, No American Dream Posted: 21 Jan 2014 09:01 PM PST Is 2014 the year YOUR job will be taken by a robot? 'Jobocalpyse' set to strike as droids are trained to flip burgers, pour drinks - and even look after our children Scientists predict a 'jobocalypse' as robots take over manual jobs A huge 70% of occupations could become automated over next 30... [[ 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! ]]

Precious Metals Manipulation At Risk Of Failure As Physical Supplies Running Out Posted: 21 Jan 2014 06:25 PM PST The manipulation of the gold market by the U.S. Government and the Federal Reserve has been going on for decades.  If you are reading this, you are most likely very aware of this suspicion fact.  Others who have aided and abetted the Federal Reserve and the U.S. Government  over the years, and are the suspected accomplices in this Global Fraud are JP Morgan, Goldman Sachs,  Barclays Plc , Deutsche Bank AG, Bank of Nova Scotia, HSBC Holdings Plc and Societe Generale SA. I prefer to think of this "manipulation of the gold market" as a coordinated effort to "suppress" the "price" of Gold.  For if this were a real "manipulation" of the Gold Market, how could the manipulators run out of Gold?  The manipulators stopped selling "physical" Gold months ago, and resorted to selling Gold which they didn't own doesn't exist to maintain the "false impression" of a weak Gold Market based solely on a sliding "price" over the past two years. How could the "price" of Gold be falling if demand is at all-time highs?  With the illusion of unlimited Gold to sell in the "Gold Futures Market", created by selling non existing Gold, the above mentioned banking entities, along with the blessings of the U.S. Government have created the largest "reverse bubble" the financial markets have ever witnessed. Reverse Bubble?  Yes!  Rising demand for Gold as the price has been artificially driven down has created a scenario for one of the greatest short squeezes of ALL-TIME. Join me as I connect the dots to The Beginning Of The End Of The Global Gold "Price" Manipulation. Metals, Currency Rigging Is Worse Than Libor, Bafin SaysBy Karin Matussek and Oliver Suess  Jan 17, 2014 7:11 AM ET Germany's top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion. The allegations about the currency and precious metals markets are "particularly serious because such reference values are based -- unlike Libor and Euribor -- typically on transactions in liquid markets and not on estimates of the banks," Elke Koenig, the president of Bonn-based Bafin, said in a speech in Frankfurtyesterday. Koenig is the first global finance regulator to comment publicly on the investigations as probes into the London interbank offered rate, or Libor, expand into other benchmarks. Joaquin Almunia, the European Union's antitrust chief, said this week that its preliminary probe into possible foreign-exchange manipulation covers similar practices as in the regulator's probe into Libor-rigging. Investors should short Deutsche Bank AG (DBK) stock because of probes into currency manipulation and as a rally in banking shares reverses, Berenberg Bank said in a report today. "The investigations by regulators into the bank's foreign-exchange trading remain a significant risk considering Deutsche is the world's largest foreign-exchange dealer," Berenberg said. READ MORE ________________________ "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."  - Eddie George, then Governor of the Bank of England, 1999 ___________________________ The Hows and Whys of Gold Price Manipulation January 17, 2014 By Paul Craig Roberts and Dave Kranzler The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them "too big to fail." Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order to support through the policy of Quantitative Easing the prices of financial instruments on the banks' balance sheets and in order to finance at low interest rates trillion dollar federal budget deficits associated with the long recession caused by the financial crisis. The Fed's policy of monetizing one trillion dollars of bonds annually put pressure on the US dollar, the value of which declined in terms of gold. When gold hit $1,900 per ounce in 2011, the Federal Reserve realized that $2,000 per ounce could have a psychological impact that would spread into the dollar's exchange rate with other currencies, resulting in a run on the dollar as both foreign and domestic holders sold dollars to avoid the fall in value. Once this realization hit, the manipulation of the gold price moved beyond central bank leasing of gold to bullion dealers in order to create an artificial market supply to absorb demand that otherwise would have pushed gold prices higher. The manipulation consists of the Fed using bullion banks as its agents to sell naked gold shorts in the New York Comex futures market. Short selling drives down the gold price, triggers stop-loss orders and margin calls, and scares participants out of the gold trusts. The bullion banks purchase the deserted shares and present them to the trusts for redemption in bullion. The bullion can then be sold in the London physical gold market, where the sales both ratify the lower price that short-selling achieved on the Comex floor and provide a supply of bullion to meet Asian demands for physical gold as opposed to paper claims on gold. The evidence of gold price manipulation is clear. In this article we present evidence and describe the process. We conclude that ability to manipulate the gold price is disappearing as physical gold moves from New York and London to Asia, leaving the West with paper claims to gold that greatly exceed the available supply. READ MORE __________________________ Fed-They Do Not Have Any More Gold-Paul Craig Roberts By Greg Hunter On January 21, 2014...USAWatchdog.com Former Assistant Treasury Secretary Paul Craig Roberts is making some bold new claims about the Federal Reserve and its official government gold holdings. Dr. Roberts contends,"They don't have any more gold. That's why they can only give Germany 5 tons of the 1,500 tons it's holding. In fact, when Germany asked for this delivery last year, the Fed said no. But it said we will give you back 300 tons . . . . So, they said we will give you back 20% of what you trusted us to keep for you over the next seven years, but they are not even able to do that." Dr. Roberts goes on to say, "The stocks of gold at the Bank of England seem to be disappearing. The stocks of many of the gold trusts, such as GLD, are being looted . . . all of this gold is disappearing into Asian markets. The entire West is being drained of gold." According to Dr. Roberts, this is an inflection point for the gold market. Dr. Roberts says, "The reason is: the ability to supply large amounts of gold to the bullion dealers to sell has diminished with the supply of gold and silver. What the Fed did was turn to massive 'naked shorts' of gold futures contracts. They don't have the real gold . . . so they come in and dump contracts, say in a period of 6 minutes, that are three times the amount of gold COMEX has to make delivery. . . . So, it drives down the price of gold. That's how they got the price down from $1,900 to $1,250." ___________________________ Deutsche Bank reports surprise loss as legal costs mount 19 January 2014 Deutsche Bank has reported a surprise loss for the fourth quarter of 2013, after releasing its latest results before they were expected. Overall Deutsche said it posted a pre-tax loss of 1.153bn euros for the final quarter of 2013. The bank said that litigation costs and restructuring had weighed heavily on its financial performance. Also in December it was among six banks fined $2.3bn (£1.4bn) by the European Commission after been found guilty of colluding to rig two global interest rate benchmarks. Deutsche Bank suffered the largest fine of the six - 725.36m euros - over rate fixing. For the year, it has set aside 2.5bn euros for various lawsuits. READ MORE ___________________________ Deutsche Bank To Withdraw From Gold Fix Amid Probe Published January 17, 2014 Reuters Deutsche Bank will withdraw from gold and silver benchmark setting, or fixing, amid an investigation by German regulators into suspected manipulation of precious metals prices by banks. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said it was dropping out of the process after withdrawing from the bulk of its commodities business. "Deutsche Bank is withdrawing its participation in the gold and silver benchmark setting process following the significant scaling back of our commodities business," the bank said in a statement on Friday. "We remain fully committed to our precious metals business." In mid-December, German banking regulator Bafin demanded documents from Deutsche Bank as part of a probe into suspected manipulation of benchmark gold and silver prices by banks, the Financial Times reported, citing sources. READ MORE ___________________________ Shortage of large gold bars leads to rare London premiums Posted on January 15, 2014 by Eddie van der Walt London 15/01/2014 – The London bullion market has seen intermittent shortages of 400-ounce bars, traders in the City told FastMarkets, pushing premiums for physical delivery for these large bars as high as 50 cents. This shortage may have been driven by several factors, including a scramble for physical delivered material after the end of the year and reduced availability due to good delivery bars flowing from London to the Far East, they suggested. "There is a shortage of big bars, especially good-delivery 400-ounce bars," Bernard Dahdah at Natixis said. "One part of the problem is that large quantities of these bars that have come from ETFs, have now been moved to be re-refined into three-nines bars of smaller sizes and are therefore no longer available to the London market." READ MORE ___________________________ Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year Submitted by Tyler Durden on 01/19/2014 On December 24, we posted an update on Germany's gold repatriation process: a year after the Bundesbank announced its stunning decision, driven by Zero Hedge revelations, to repatriate 674 tons of gold from the New York Fed and the French Central Bank, it had managed to transfer a paltry 37 tons. This amount represents just 5% of the stated target, and was well below the 84 tons that the Bundesbank would need to transport each year to collect the 674 tons ratably over the 8 year interval between 2013 and 2020. The release of these numbers promptly angered Germans, and led to the rise of numerous allegations that the reason why the transfer is taking so long is that the gold simply is not in the possession of the offshore custodians, having been leased, or worse, sold without any formal or informal announcement. However, what will certainly not help mute "conspiracy theorists" is today's update from today's edition of Die Welt, in which we learn that only a tiny 5 tons of gold were sent from the NY Fed. The rest came from Paris. As Welt states, "Konnten die Amerikaner nicht mehr liefern, weil sie die bei der Federal Reserve of New York eingelagerten gut 1500 Tonnen längst verscherbelt haben?" Or, in English, did the US sell Germany's gold? Maybe. The official explanation was as follows: READ MORE ___________________________ What Really happened To The German Gold Housed In The United States? The BlazeTV, Glen Beck ___________________________ Century-Old London Gold Fix Said to Face Overhaul Amid Scrutiny By Suzi Ring, Liam Vaughan and Nicholas Larkin Jan 21, 2014 Banks are considering an overhaul ofLondon's century-old gold benchmark used by miners, jewelers and central banks to buy, sell and value the precious metal, according to a person with knowledge of the process. The five banks that oversee the so-called London gold fixing -- Barclays Plc (BARC), Deutsche Bank AG (DBK), Bank of Nova Scotia, HSBC Holdings Plc (HSBA) and Societe Generale SA (GLE) -- have formed a steering committee that's seeking external firms to advise how the process could be improved, according to the person, who asked not to be identified because the review isn't public. The fixing is a rate-setting ritual dating back to 1919. Representatives of the five member banks spend from a few minutes to more than an hour on the telephone discussing buying and selling gold. The method has faced scrutiny in recent months, with regulators in London, Bonn andWashington -- who are already looking into manipulation of interest rates and currencies -- investigating how prices are set in the market. READ MORE ___________________________ COMEX Gold Stocks At Record Lows As SGE Volumes Surge 61% Technically, gold is looking sounder. Support is at $1,220, $1,200 and of course what appears to be a double bottom at $1,180/oz. A close above $1,270 could see gold quickly move to test resistance at $1,300 and $1,330. The supply demand fundamentals of the gold market remain sound with the flow of gold from West to East. COMEX gold stocks have fallen to new record lows (see chart) showing demand for physical bullion remains very robust. Indeed, the scale of the fall in COMEX gold stocks since 2007 and which accelerated in early April 2013 is important to note. READ MORE ___________________________ Gold Should be at $1800 Based on the Fed Balance Sheet Alone

Gold Fix, Gold Market Rigging Posted: 21 Jan 2014 06:12 PM PST Gold fell back to test its 50 DMA in light trade today, and silver followed. There was a little movement in and out of the Comex warehouses on Friday, but nothing of significance. This is a holiday shortened week in the US, and trading will be even lighter than usual in the first part of this week thanks to winter storm Janus. Janus as you may recall is the two-faced Roman god of transitions, beginnings and endings. He might very well be the god of choice for politicians in the modern era as well.

A Dozen Gold, Copper, Phosphate and Uranium Stocks Posted: 21 Jan 2014 05:59 PM PST Amanda Van Dyke of Palisade Capital is confident that China's reforms will ensure that the commodity supercycle will continue for some time to come. In this interview with The Mining Report, Van Dyke argues that investors should worry less about the right balance of specific commodities and more about the right mix of early-stage, development-stage and producing companies. She expands on a dozen she believes have the right stuff to succeed. The Mining Report: In December Federal Reserve Chairman Ben Bernanke announced a $10 million ($10M) cut in monthly quantitative easing (QE). He also said that interest rates would remain at zero for the foreseeable future. What effects will these decisions have on the economy and on precious metals?

Economic Collapse 2014 -- China Threatening The US Dollar Again Posted: 21 Jan 2014 05:51 PM PST Global unemployment is rising, there is no recovery, the central banks along with the governments have created a recovery illusion. The people of Europe are slipping further into poverty. China makes there next which threatens the US dollar, the dollar is on the verge of collapsing. Cyber attacks... [[ 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! ]]

Tocqueville's Hathaway expects 'a circus of retribution' against the bullion banks Posted: 21 Jan 2014 05:44 PM PST 5:39p ET Tuesday, January 21, 2014 Dear Friend of GATA and Gold: The Tocqueville Gold Fund's John Hathaway, long a pillar of the financial establishment, sounds like a GATA radical in his interview today with King World News, where he sees a short squeeze in gold "right around the corner," along with regulatory investigations that drive investors out of paper claims on gold and into real metal, lawsuits arising from gold price suppression, and "a real circus of retribution" aimed at the bullion banks. May this interview go from Hathaway's lips to the Great Market Manipulator's ear, and that's not Bernanke: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/21_Ex... 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: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China 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: 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 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...

Economic Collapse 2014 -- Next Bailout: The Insurance Companies Posted: 21 Jan 2014 04:41 PM PST Lou Dobbs talks about what the impact of ObamaCare's dismal enrollment numbers will be on the insurance companies. Andrea Tantaros, co-host of "The Five", speculates that Obama is going to subsidize the insurance companies with our tax dollars. [[ 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 Gold Price Remained Above it's 50 Day Moving Average Closing at $1,242.30 Posted: 21 Jan 2014 04:38 PM PST Gold Price Close Today : 1242.30 Change : -9.40 or -0.75% Silver Price Close Today : 19.838 Change : -0.429 or -2.12% Gold Silver Ratio Today : 62.622 Change : 0.862 or 1.40% Silver Gold Ratio Today : 0.01597 Change : -0.000223 or -1.38% Platinum Price Close Today : 1452.00 Change : -0.60 or -0.04% Palladium Price Close Today : 747.15 Change : -0.50 or -0.07% S&P 500 : 1,843.80 Change : 5.10 or 0.28% Dow In GOLD$ : $273.14 Change : $ 1.32 or 0.49% Dow in GOLD oz : 13.213 Change : 0.064 or 0.49% Dow in SILVER oz : 827.42 Change : 15.34 or 1.89% Dow Industrial : 16,414.44 Change : -44.12 or -0.27% US Dollar Index : 81.240 Change : -0.140 or -0.17% Same old tricks attacked the gold market today after Friday's exuberant close. A little after New York opened somebody slammed it with sales, driving the GOLD PRICE from $1,246 to $1,237 in five minutes. It found a foothold and climbed above $1,240 by noon-thirty, but flattened out the rest of the day. High came at $1,262 in overnight trading, low at $1,235.40. Comex closed down $9.40 (0.75%) at $1,242.30. What's encouraging about that? The GOLD PRICE remained above the 50 DMA ($1240.38). What's discouraging? It made a new high for the move, but closed lower for the day, first half of a key reversal. Must close higher tomorrow or probe lower prices again. Oh, silver! Plunged 42.9 cents (2.1%) today to 1983.8c. Range was 2043c to 1966c, and silver has fallen right back into the same old trading range without escaping through 2050c. Worse, it fell through the 50 DMA (2000c) and the 20 DMA (1988c) and through the uptrend line. Be patient. The SILVER PRICE must hold above 1950c here. Gold must hold $1,210. Nobody is going anywhere until gold rises above $1,267.70, the December low. Markets sprang back into action today, but they blew an uncertain trumpet. Bewilderment reigns. Stock indices all rose today -- except the senior Dow Jones Industrial average, which fell 0.27% or 44.12 points to 16,414.44. S&P500 rose by about the same amount, up 0.28% (5.1 points) to 1,843.80. Dow's fall looks nastier because it rose to a new high for the move (not a new all-time high) then fell off to close lower, and below the 20 DMA (16,426.41). That's the first half of a key reversal, and if followed by a lower close tomorrow semaphores immediately lower prices. S&P500's trading day looks much the same, cutting into but not closing below its 20 DMA, but it closed higher than Friday. None of this looks happy to me. Certainly stocks have not yet peaked, but they are blowing hot and cold out of both sides of the mouth. As with bankers and girlfriends, this is not a sign of future felicity. Silver and gold gainsaid each other today, which left the Dow in Gold and Dow in Silver at odds, too. Dow in Gold rose a little 0.78% to 13.23 oz (G$273.49 gold dollars). It treadeth still below the 20 DMA and along the cliff edge of the trading channel and 50 DMA (13.01oz/G$268.94). A single misstep sends it plunging into the abyss. Dow in silver rose 2% to 826.51 oz, touching the 20 DMA at 826.47. Remains near the bottom channel line and close to the 50 DMA (807.05 oz). Break through those 50 DMAs would rev up downward momentum, sort of like tying concrete blocks to somebody's feet before pushing him out of an airplane. The festering US dollar index keeps trending up, sort of, but three steps forward and two back. Today it reached for the 200 DMA (81.57), made a high at 81.53, then fell back and closed 14 basis points (0.17%) lower than Friday. Headed up, but torturing its friends along the way. To your everlasting surprise, I beg to report that I am not among those friends. Among the other loathsome, immoral, and corrupt fiat currencies used to decapitalize their captive economies, the Euro rose 0.16% to $1.3562, but this is like shaving a pig. Time the shave is done, he's still a pig. Euro is done broke down and beat up, and today's bounce weigheth no more than styrofoam chips in a windstorm. Yen remains above its 20 DMA (95.70) but unenthusiastic. Rose 0.07% today to 95.93 cents/Y100. Indicators say it has turned up, yet the chart pelaseth not the eye, nor showeth any strength. Ten year treasury yield is dancing with its 50 DMA (2.843) in a correction. Lost 0.07% to 2.825%. May head lower in the immediate future, but the 30 year trend in bonds turned up this summer. Bigger changes coming here, no matter how slowly they unfold. Higher rates will bring more severe migraines to Janet and the rest of the international central bank criminals. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2014, 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 Remained Above it's 50 Day Moving Average Closing at $1,242.30 Posted: 21 Jan 2014 04:38 PM PST Gold Price Close Today : 1242.30 Change : -9.40 or -0.75% Silver Price Close Today : 19.838 Change : -0.429 or -2.12% Gold Silver Ratio Today : 62.622 Change : 0.862 or 1.40% Silver Gold Ratio Today : 0.01597 Change : -0.000223 or -1.38% Platinum Price Close Today : 1452.00 Change : -0.60 or -0.04% Palladium Price Close Today : 747.15 Change : -0.50 or -0.07% S&P 500 : 1,843.80 Change : 5.10 or 0.28% Dow In GOLD$ : $273.14 Change : $ 1.32 or 0.49% Dow in GOLD oz : 13.213 Change : 0.064 or 0.49% Dow in SILVER oz : 827.42 Change : 15.34 or 1.89% Dow Industrial : 16,414.44 Change : -44.12 or -0.27% US Dollar Index : 81.240 Change : -0.140 or -0.17% Same old tricks attacked the gold market today after Friday's exuberant close. A little after New York opened somebody slammed it with sales, driving the GOLD PRICE from $1,246 to $1,237 in five minutes. It found a foothold and climbed above $1,240 by noon-thirty, but flattened out the rest of the day. High came at $1,262 in overnight trading, low at $1,235.40. Comex closed down $9.40 (0.75%) at $1,242.30. What's encouraging about that? The GOLD PRICE remained above the 50 DMA ($1240.38). What's discouraging? It made a new high for the move, but closed lower for the day, first half of a key reversal. Must close higher tomorrow or probe lower prices again. Oh, silver! Plunged 42.9 cents (2.1%) today to 1983.8c. Range was 2043c to 1966c, and silver has fallen right back into the same old trading range without escaping through 2050c. Worse, it fell through the 50 DMA (2000c) and the 20 DMA (1988c) and through the uptrend line. Be patient. The SILVER PRICE must hold above 1950c here. Gold must hold $1,210. Nobody is going anywhere until gold rises above $1,267.70, the December low. Markets sprang back into action today, but they blew an uncertain trumpet. Bewilderment reigns. Stock indices all rose today -- except the senior Dow Jones Industrial average, which fell 0.27% or 44.12 points to 16,414.44. S&P500 rose by about the same amount, up 0.28% (5.1 points) to 1,843.80. Dow's fall looks nastier because it rose to a new high for the move (not a new all-time high) then fell off to close lower, and below the 20 DMA (16,426.41). That's the first half of a key reversal, and if followed by a lower close tomorrow semaphores immediately lower prices. S&P500's trading day looks much the same, cutting into but not closing below its 20 DMA, but it closed higher than Friday. None of this looks happy to me. Certainly stocks have not yet peaked, but they are blowing hot and cold out of both sides of the mouth. As with bankers and girlfriends, this is not a sign of future felicity. Silver and gold gainsaid each other today, which left the Dow in Gold and Dow in Silver at odds, too. Dow in Gold rose a little 0.78% to 13.23 oz (G$273.49 gold dollars). It treadeth still below the 20 DMA and along the cliff edge of the trading channel and 50 DMA (13.01oz/G$268.94). A single misstep sends it plunging into the abyss. Dow in silver rose 2% to 826.51 oz, touching the 20 DMA at 826.47. Remains near the bottom channel line and close to the 50 DMA (807.05 oz). Break through those 50 DMAs would rev up downward momentum, sort of like tying concrete blocks to somebody's feet before pushing him out of an airplane. The festering US dollar index keeps trending up, sort of, but three steps forward and two back. Today it reached for the 200 DMA (81.57), made a high at 81.53, then fell back and closed 14 basis points (0.17%) lower than Friday. Headed up, but torturing its friends along the way. To your everlasting surprise, I beg to report that I am not among those friends. Among the other loathsome, immoral, and corrupt fiat currencies used to decapitalize their captive economies, the Euro rose 0.16% to $1.3562, but this is like shaving a pig. Time the shave is done, he's still a pig. Euro is done broke down and beat up, and today's bounce weigheth no more than styrofoam chips in a windstorm. Yen remains above its 20 DMA (95.70) but unenthusiastic. Rose 0.07% today to 95.93 cents/Y100. Indicators say it has turned up, yet the chart pelaseth not the eye, nor showeth any strength. Ten year treasury yield is dancing with its 50 DMA (2.843) in a correction. Lost 0.07% to 2.825%. May head lower in the immediate future, but the 30 year trend in bonds turned up this summer. Bigger changes coming here, no matter how slowly they unfold. Higher rates will bring more severe migraines to Janet and the rest of the international central bank criminals. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2014, 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.

Century-old London gold benchmark fix said to face overhaul Posted: 21 Jan 2014 04:26 PM PST By Suzi Ring, Liam Vaughan, and Nicholas Larkin Bloomberg News Tuesday, January 21, 2014 http://www.bloomberg.com/news/2014-01-21/century-old-london-gold-fix-sai... Banks are considering an overhaul of London's century-old gold benchmark used by miners, jewelers, and central banks to buy, sell, and value the precious metal, according to a person with knowledge of the process. The five banks that oversee the so-called London gold fixing -- Barclays Plc, Deutsche Bank AG, Bank of Nova Scotia, HSBC Holdings Plc, and Societe Generale SA -- have formed a steering committee that's seeking external firms to advise how the process could be improved, according to the person, who asked not to be identified because the review isn't public. The fixing is a rate-setting ritual dating back to 1919. Representatives of the five member banks spend from a few minutes to more than an hour on the telephone discussing buying and selling gold. The method has faced scrutiny in recent months, with regulators in London, Bonn, and Washington -- who are already looking into manipulation of interest rates and currencies -- investigating how prices are set in the market. ... Dispatch continues below ... 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... While investigators haven't leveled any accusations that the gold fix is being manipulated, economists and academics have said the way the benchmark is set is outdated, vulnerable to abuse, and lacking in direct regulatory oversight. Deutsche Bank, Germany's largest lender, said in a statement last week it plans to withdraw from the panels for setting gold and silver fixings. Discussions about the gold fix come as authorities grapple with a widening list of scandals involving the manipulation of benchmark financial rates, including the London interbank offered rate, or Libor, currencies and ISDAfix, which is used to determine the value of interest-rate derivatives. On conference calls at 10:30 a.m. and 3 p.m. London time, firms declare how many bars of gold they want to buy or sell at the current spot price, based on orders from clients as well as their own account. The price is increased or reduced until the buy and sell amounts are within 50 bars, or about 620 kilograms, of each other, at which point the fixing is agreed on. Traders relay shifts in supply and demand to clients during the calls and take fresh orders to buy or sell as the price changes, according to the website of London Gold Market Fixing Ltd., where results are published. Bloomberg News reported in November concerns among traders and economists that the fixing banks and their clients had an unfair advantage because information gleaned from the calls provided an insight into the future direction of gold prices. Banks can bet on spot and derivatives markets for the metal throughout the call. The five banks that co-own London Gold Market Fixing, which administers and sets the rate, are considering how to improve the process before European Union legislation on financial benchmarks' regulation and oversight comes into force, according to an adviser to the commission who asked not to be named. One option for the European Commission, the EU's executive arm, would be to scrap the conference call and base the benchmark on an average of trades in the spot market over a short period, the person said. The legislation is currently before the European Parliament. Germany's financial markets regulator Bafin has interviewed Frankfurt-based Deutsche Bank employees as part of a probe into potential manipulation of gold and silver prices, Bloomberg reported in December. The U.K. Financial Conduct Authority is also scrutinizing how prices are set in the gold market. In private meetings last year, the Commodity Futures Trading Commission, which regulates derivatives in the U.S., discussed reviewing how gold prices are set, Bloomberg said in November. The people with knowledge of the probes who were cited in the stories wouldn't say what's being looked at or if regulators suspect wrongdoing. None of the regulators has opened formal probes into the matter. Ila Kotecha, a spokeswoman at Societe Generale, and Vincent Domien, a precious metals trader at the lender and chairman of the London Gold fix, declined to comment. Douglas Beadle, a consultant to the London Gold Market Fixing company, referred calls to the Paris-based bank. Nick Bone, a spokesman at Deutsche Bank, Aurelie Leonard of Barclays and Shani Halstead at London-based HSBC declined to comment. Joe Konecny, a spokesman for Toronto-based Bank of Nova Scotia, didn't return voice messages left on his office and mobile phone, or reply to an e-mail seeking comment. Deutsche Bank said last week it will withdraw from gold and silver fixings as it scales back its commodities business. It will continue in the fixings until a buyer for its seat is found, a person familiar with the plan said at the time. Afternoon Gold About $19.6 trillion of gold circulated globally in 2012, according to CPM Group, a New York-based research company. Bullion was fixed at $1,238 an ounce this afternoon. Gold for immediate delivery, which trades throughout the day, was at $1,241.26 as of 4:26 p.m. London time. Prices slumped 28 percent last year, the most since 1981, as some investors lost faith in the metal as a store of value. The London Bullion Market Association said in November it's reviewing its benchmarks to see whether they conform to guidelines set by the International Organization of Securities Commissions, including making prices based on "observable" deals where possible. The LBMA oversees gold forward offered rates, which reflect bullion borrowing costs for different durations and are used in loan agreements. It has "no jurisdiction or responsibility" for the fixing process, Stewart Murray, its former chief executive officer, said last year. * * * Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China 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: 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 Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and safeguards 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

The longwave winter of Ian Gordon's discontent Posted: 21 Jan 2014 04:04 PM PST 4p PT Tuesday, January 21, 2014 Dear Friend of GATA and Gold: Longwave Group market analyst Ian Gordon discusses gold market manipulation in his interview this week with Brian Sylvester of The Gold Report, headlined "The Longwave Winter of Ian Gordon's Discontent" and posted here: http://www.theaureport.com/pub/na/15808 CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Jim Sinclair plans seminars in Asheville and Austin Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminars from 2 to 6 p.m. Saturday, January 25, at the Clarion Inn Asheville, 550 Airport Road, Fletcher, North Carolina, and from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Asheville seminar are posted at Sinclair's Internet site, JSMineSet.com, here: http://www.jsmineset.com/2014/01/07/north-carolina-qa-session-venue-conf... Details for the Austin seminar are posted at JSMineSet.com here: http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/ Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China 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: 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 A Personal Touch in Buying Precious Metals If you've not secured your allocation of precious metals and numismatic coins, 2014 may be the last year to get them at affordable and undervalued prices. With huge amounts of gold leaving the West for Asia, the future availability of precious metals is very much in doubt. All Pro Gold has competitive pricing on all bullion and numismatic products -- and offers prompt delivery too. Long-time GATA supporters Fred Goldstein and Tim Murphy are glad to answer any questions or concerns about acquiring the monetary metals. All Pro Gold has an extensive electronic library of articles from the world's top market analysts. Learn more at www.allprogold.com or write to Fred and Tim at info@allprogold.com or telephone them at 1-855-377-4653.

Australian and Canadian Dollar Weakness Overdone? Posted: 21 Jan 2014 04:00 PM PST Both Canada and Australia posted weak December employment reports, which weighed on their currencies. For now, we are hesitant to read too much into a single month of jobs data. Most other indicators are pointing to decent economic growth.

Expect Massive Short Squeeze In Gold & Bullion Bank Lawsuits Posted: 21 Jan 2014 03:45 PM PST On the heels of tremendous volatility in key global markets, today a 42-year market veteran warned King World News that market participants should expect a massive and historic short squeeze in the gold market, along with lawsuits to be filed against the bullion banks. John Hathaway, who is one of the most respected institutional minds in the world today when it comes to gold, and whose fund was awarded a coveted 5-star rating, also discussed what this means for investors around the world in this key market. This posting includes an audio/video/photo media file: Download Now

Economic Collapse 2014 -- The Economic Reset Posted: 21 Jan 2014 03:30 PM PST Fabian Calvo joins me on the Prepper Recon Podcast today to talk about the coming global economic reset. Fabian reminds us that these types of events occur through out history. While they are painful for everyone, history has been much more kind to the prepared. Fabian gives us some great tips... [[ 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! ]]

Embry decries anti-gold disinformation in Financial Times Posted: 21 Jan 2014 02:15 PM PST 2:12p PT Tuesday, January 21, 2014 Dear Friend of GATA and Gold: Sprott Asset Management's John Embry tells King World News today that the anti-gold disinformation in the Financial Times is pretty hard to take: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/21_Th... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT A Personal Touch in Buying Precious Metals If you've not secured your allocation of precious metals and numismatic coins, 2014 may be the last year to get them at affordable and undervalued prices. With huge amounts of gold leaving the West for Asia, the future availability of precious metals is very much in doubt. All Pro Gold has competitive pricing on all bullion and numismatic products -- and offers prompt delivery too. Long-time GATA supporters Fred Goldstein and Tim Murphy are glad to answer any questions or concerns about acquiring the monetary metals. All Pro Gold has an extensive electronic library of articles from the world's top market analysts. Learn more at www.allprogold.com or write to Fred and Tim at info@allprogold.com or telephone them at 1-855-377-4653. Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China 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: 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 Jim Sinclair plans seminars in Asheville and Austin Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminars from 2 to 6 p.m. Saturday, January 25, at the Clarion Inn Asheville, 550 Airport Road, Fletcher, North Carolina, and from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Asheville seminar are posted at Sinclair's Internet site, JSMineSet.com, here: http://www.jsmineset.com/2014/01/07/north-carolina-qa-session-venue-conf... Details for the Austin seminar are posted at JSMineSet.com here: http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/

Gold Daily and Silver Weekly Charts - Gold Fix, Gold Rigging Posted: 21 Jan 2014 01:54 PM PST

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