Gold World News Flash

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• The Invisible Hand, Gold & Mainstream Media Propaganda
• Silver Dollars Overshadow Gold
• Economic Collapse 2014 -- The End of the Monetary System As We Know It
• Max Igan -- We Are at The Tipping Point of Societal Collapse
• Jeffrey Tang on the Asian Markets and the Coming Deflation in China
• Nu Yu’s Market SectorTA Weekly Update – January 9th, 2014Is This Intermediate Correction Bottoming Out?
• 9/11 official scenario: what about the pools of melted metal?
• WaPo Praises The Joy Of Being "Untethered" And "Unleashed" From A Job, The "Freedom" Of Unemployment
• 6 Remarkable Gold Charts This Week
• Jim Rickards: Target Gold Price Between $7,000 And $9,000 per Oz
• Stock Market Will Collapse In May Followed By Major Spike in Gold & Silver Prices! Here’s Why
• Fall of America -- Grandmas feeling the pinch of the Sequester
• Long Term Charts 2: Western Markets Since The Middle Ages
• Chris Hedges : Crisis Cults and the Collapse of Industrial Civilization
• Venezuela has its gold, if not toilet paper, but what about Germany?
• U.S. Non-Farm Payrolls Fizzle, Gold and Silver Held in Check
• Financial, Gold, Stocks Markets Manipulation's Becoming More Extreme, More Desperate
• Economic Collapse 2014 -- Current Economic Collapse News Brief
• John Ing - “We Are Nowhere Near The Chaos That I Expect”
• Stocks and Commodities Great Inflation of 2014
• Fractional reserve bullion banking and gold bank runs - unallocated as real (gold) bills
• Manipulation of Comex gold 'very visible,' Rickards tells Epoch Times
• Argentines drain reserves to stash dollars under mattresses
• Gold, Silver and the Gathering Crypto Currency Storm
• Gerald Celente -- Yellenomics When The Interest Rates go up The Economy Goes Down
• Market Monitor – February 8th
• In The News Today
• Noonan: “Silver may have to go lower before it can go higher” — Here’s Why
• Gold And Silver - NWO 'Problem-Reaction' Ploy Stronger Than Fundamentals
• As Sochi Starts, 1929 Stock Market Crash Warnings Accelerate
• How Gold is Currently Being Priced
• Gold and Silver Stocks Moving Average Analysis
• Roberts and Kranzler: Market manipulations become more extreme, dangerous
• THE GREAT INFLATION OF 2014
• Gold Investors Weekly Review – February 7th
• The Game Changer For Gold In One Chart
• Gold And Silver Price – NWO “Problem-Reaction” Ploy Stronger Than Fundamentals
• Two more U.S. State Dept. memos show conspiracy to control gold price

The Invisible Hand, Gold & Mainstream Media Propaganda Posted: 09 Feb 2014 09:01 PM PST On the heels of unprecedented actions being taken across the globe, today a 40-year market veteran sent King World News a fascinating piece that discusses the invisible hand which is relentlessly controlling global markets, gold, and mainstream media propaganda. Robert Fitzwilson, who is founder of The Portola Group, put together the following tremendous piece below exclusively for King World News. This posting includes an audio/video/photo media file: Download Now

Silver Dollars Overshadow Gold Posted: 09 Feb 2014 07:40 PM PST by Patrick A. Heller, Numismaster.com: The reason to suppress precious metals prices is easy to understand. The price of gold is effectively a report card on the U.S. dollar and the U.S. economy. If the price of gold is rising, the dollar must be falling in value and the U.S. economy doesn't look as strong. Also, if metals are going up when COMEX options and futures contracts mature, that would increase demand for physical delivery of the metals, which could push up prices even higher. Among the typical times when the prices of gold and silver are suppressed are when a major U.S. politician or bureaucrat gives and address or announcement (think President, secretary of the Treasury, chair of the Federal Reserve, Federal Open Market Committee, for example), expiration day of COMEX options, day of first notice of delivery on maturing COMEX contracts, and last the trading day of the month. Read More @ Numismaster.com

Economic Collapse 2014 -- The End of the Monetary System As We Know It Posted: 09 Feb 2014 06:29 PM PST Jeff Berwick is interviewed by Kerry Lutz of financialsurvivalnetwork.com on getting your assets out of the US in the face of upcoming capital controls particularly FATCA. Also on the possibility of a global tax suggested by the IMF we're living a freaking neo-marxist fascist nightmare in a... [[ 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! ]]

Max Igan -- We Are at The Tipping Point of Societal Collapse Posted: 09 Feb 2014 04:30 PM PST Max Igan on Sage of Quay with Mike Williams Universal Law trumps all others.1. No man or woman, in or out of government shall initiate force, threat of force or fraud against my life and property and, any and all contracts I am a party to, not giving full disclosure to me, whether signed by... [[ 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! ]]

Jeffrey Tang on the Asian Markets and the Coming Deflation in China Posted: 09 Feb 2014 04:00 PM PST by Anthony Wile, The Daily Bell: Daily Bell: Thanks for sitting down with us. You’re an investment specialist in Asia and China so we’ll direct our questions mainly to that area. First, please, give us an overview. What’s going on in Asia? Emerging markets were just hit hard. Was that an expected occurrence? Jeffrey Tang: Asia, and more broadly the whole world, is affected by what is going on in China and in the US. China’s growth has peaked. While slower growth in China is a consensus now, I think the potential severity and duration is under-appreciated. Demand of commodities other than food/energy has peaked and will go down. Whoever sells to China will suffer, especially if they have used leverage to build capacity. Hence, you will see Indonesia, Australia and Brazil suffer for a long time. Other nations that have over-expanded based on the low cost US$, will also suffer, the process of which depends on how the Fed wants the dollar to behave. If our call on the dollar is the dollar credit cycle has peaked, then we will see countries such as India and Vietnam go back to their natural status, which is low, single-digit growth after the credit rebalance, and export sectors in Taiwan, Japan and Korea lose money on excess capacity. Read More @ TheDailyBell.com

Nu Yu’s Market SectorTA Weekly Update – January 9th, 2014Is This Intermediate Correction Bottoming Out? Posted: 09 Feb 2014 03:23 PM PST Last week the Broad Market Instability Index had a major spike at 344, which is the highest since May 21, 2012.  The major stock market indexes experienced volatile moves in both a big one-day drop and a big one-day rebound during the week. Our initial downside price target 1740 for the S&P 500 index has been reached. Whether the correction is bottoming out or still going down to 1640 will be discussed in this market update.  The Elliott wave analysis suggests that this intermediate correction may last Broad Market Getting into Short-Term Bullish Time-Window The LWX (Leading Wave Index) is Nu Yu's proprietary leading indicator for US equity market. LWX>+1 indicates bullish (green); LWX< -1 indicates bearish (red); The LWX between +1 and -1 indicates neutral (yellow). The LWX Indicator in Last Four Weeks (Actual) The LWX Indicator in Next Four Weeks (Forecast) The Broad Market Instability Index (BIX), measured from over 8000 U.S. stocks, closed at 32 on 2/7/2014 (down from 152 the previous week) which is below the panic threshold level of 42 and indicates a bullish market.  Based on the forecast of the Leading-Wave Index (LWX), the short-term time-window for the broad market is turning to bullish and would last until 2/25/2014 (see the second table above).  The daily chart below has the Wilshire 5000 index with both the BIX and the Momentum indicators.  The current market status is summarized as follows: Short-Term Cycle: upward Date of Next Cycle High: 2/25/2014 Broad Market Instability Index (BIX): 32, below the panic threshold (bullish) Momentum Indicator: positive (bullish) Long-Term Picture: Elliott Wave Count on S&P 500 Index The following chart is a weekly chart of the S&P 500 index, with Elliott Wave count, in a five-year time span.  There are three degrees of waves: Primary, Intermediate, and Minor waves in this weekly chart.  The SPX currently is in primary wave [3], intermediate wave (4), and minor wave B. A long-term price target for primary wave [3], projected at 1796 by using 0.618 extension of wave [1], has been reached.  Primary wave [3] currently is in an extension and it could extend to the next price target at 2063 based on 1.0 extension of wave [1]. Please note that primary wave [3] indicates a long-term bullish uptrend while intermediate wave (4) presents bearish corrective wave in the intermediate-term. Short-Term Picture: S&P 500 Index in A-B-C Correction For easy understanding, I made a simple daily chart below for the S&P index with tracing lines of only minor waves.  The S&P 500 index had its major uptrend with powerful intermediate wave (3) from June 2012 to December 2013.  This third intermediate wave is composed of a 1-2-3-4-5 wave impulse sequence in the minor wave degree.  Since the beginning of this year, the S&P 500 index has turned into an intermediate correction with intermediate wave (4).  For a simple correction, it would contain an A-B-C wave corrective sequence in the minor wave degree. The Broad Market Instability Index (BIX) in the lower window of the chart below confirmed the ongoing intermediate correction with a high spike level corresponding to the prior intermediate correction of wave (2).  We may see multiple or satellite spikes as the correction continues. Our first price target 1740 has been reached with minor wave A.  Strong rebounding on Thursday and Friday started  minor wave B towards upside. After wave B is mature, wave C would continue the correction to make new lows below the end of wave A.  A full range decline is projected down to 1640 because the correction ideally should end near the low of prior minor wave 4. This whole A-B-C correction process could last for about three months. Given a short-term bullish time-window for the next two weeks, wave B may or may not challenge the previous high of minor wave 5.  Also, the intermediate correction could become from a simple correction to a complex correction with other formations.  Therefore, we need to check the market status and adapt to change with the market on a weekly basis. Sector Performance Ranking with Home Construction Sector Leading The following table is the percentage change of sectors and major market indexes against the 89-day exponential moving average (EMA89). The Wilshire 5000 index, as an average or a benchmark of the total market, is 1.33% above the EMA89. Outperforming sectors are Home Construction (10.18%), Biotech (7.97%), and Internet (7.11%).  Underperforming sectors are Telecommunication (-3.74%), Energy (-1.84%), and Consumer Goods (-1.53%). Major Global Market Performance Ranking The table below is the percentage change of major global stock market indexes against the 89-day exponential moving average (EMA89). Currently the Canadian, German and U.S. markets are outperforming. The UK, Indian, and Australian markets are neutral.   The Hong Kong, Brizilian, Japanese, Russian, and Chinese markets are under water. Gold in 7-Month Descending  Triangle Pattern The gold index has formed a 7-month Descending Triangle pattern on the daily chart.  Which side to breakout from the triangle could define the next move of gold.  Currently the gold index is going to test the upper boundary of the triangle. Gold could become bullish if prices break above the upper boundary of the triangle. Silver in 7-Month Descending  Triangle Pattern The silver index has formed a 7-month Descending Triangle pattern on the daily chart.  As two boundary lines converge, it sooner or later will have a breakout from the triangle.  If it has an upward breakout from the upper boundary, silver could become bullish. Gold/Silver Mining Stocks in 7-Month Descending Triangle Gold/silver mining stocks are forming a 7-month descending triangle pattern like gold and silver doing.  They could become bullish once an upward breakout happens.  They are testing the upper boundary now. Crude Oil in 3-Month Trading Range Crude oil is forming a 3-month trading range between 92 and 100.  Recently it has been in an upswing towards the upper boundary of the trading range. Now it is going test the horizontal resistance around 100.  A "W" or double-bottom pattern would be confirmed if prices break through the upper horizontal line. US Dollar Forming 3-Month Ascending Triangle Pattern The U.S. dollar is forming a 3-month ascending triangle pattern.  It should be neutral before it breaks out from the triangle.  As two boundary lines converge, sooner or later the dollar will have a breakout from the triangle.  The breakout direction could determine the next move of the dollar. US Treasury Bond in 7-Month Trading Range The following chart is a daily chart of the 20-year U.S. treasury bond ETF.  It is forming a 7-month horizontal trading range between 101 and 108.  It also forms a potential "W" or double bottom pattern.  The treasury bond had a firm rebound in January, and outperformed other asset classes.  Currently it is testing the upper boundary of the trading range. Asset Class Performance Ranking with Crude Oil Leading The following table is the percentage change of each asset class (in ETFs) against the 89-day exponential moving average (EMA89). Currently crude oil is outperforming and the U.S. dollar and gold are underperforming. The post Nu Yu's Market SectorTA Weekly Update – January 9th, 2014 Is This Intermediate Correction Bottoming Out? appeared first on munKNEE dot.com.

9/11 official scenario: what about the pools of melted metal? Posted: 09 Feb 2014 03:00 PM PST by Jon Rappoport, NoMoreFakeNews: I began by reading reports of melting dripping metal at the World Trade Center after the attack on September 11th. Some of these reports come from weeks after the attack. This seemed quite strange. Following links, I arrived to Dr. Steven Jones and his famous paper, "Why Indeed Did the WTC Buildings Completely Collapse?" The molten pools of metal are the anomaly. They need to be explained. Jones is arguing that these long-lasting pools wouldn't have resulted from burning jet fuel. Read More @ NoMoreFakeNews.com

WaPo Praises The Joy Of Being "Untethered" And "Unleashed" From A Job, The "Freedom" Of Unemployment Posted: 09 Feb 2014 02:37 PM PST Now that the full court press to refute the findings of the CBO report which, as we reported, confirmed what was largely known - that as a result of Obamacare, the strapped US economy will have even fewer workers as millions will fall back on welfare state entitlements which make hard work obsolete - has failed, it is time for the propaganda to take a different track: one where not having a job, and in fact losing it due to Obamacare, is hailed as an act of nobility. Sure enough, here comes one of the administration's favorites, the Bezos Times, with "They quit their jobs, thanks to health-care law" which does largely as its name suggests: highlights just how "enabling" and "liberating" Obamacare is for one's life, once a person is no longer burdened by something as trivial as a job. No, we aren't kidding: Count Polly Lower among those who quit their jobs because of the health-care law.   It happened in September, when her boss abruptly changed her job description. She went from doing payroll, which she liked, to working on her boss's schedule, which she loathed. At another time, she might have had to grit her teeth and accept the new position because she needed the health benefits.   But with the health-care law soon to take effect, she simply resigned — and hasn't looked back.   "It was wonderful. It was very freeing," said Lower, 56, of Bourbon, Ind., who is now babysitting her 5-year-old granddaughter full time. With the help of federal subsidies that kicked in Jan. 1, she is paying less than $500 a month for health coverage for herself and her husband. One really can't make this up - it appears that in America's creeping transition to a socialist paradise, the new American dream is living on "Federal subsidies" (paid for by taxpayers) and government welfare. It gets better: The White House and its allies argue that the government has a role in addressing a failure of the health-insurance market: the high prices and coverage restrictions that have kept health coverage out of reach for so many people. Like Social Security, which provides a safety net so people can retire, the health law may have the effect of leading some Americans to stop working, they say. But they called the impact positive, arguing that people have for too long been stuck in jobs that are a poor fit or that they dislike, simply for the benefits. While some people may make the calculation to just work less to keep more generous benefits, many will use their time to do something more productive, such as start their own business or take care of family members, advocates of the new law say.   "What the White House wants you to think is, if a person chooses to make less income, they must be doing something that makes them better off," said former Congressional Budget Office director Douglas Holtz-Eakin, now president of the American Action Forum, a conservative policy group. "What conservatives would have you ask is, is it an appropriate use of someone else's money to put you in that position to choose?"   The CBO acknowledged that there could be some positive economic impacts from unleashing people from their jobs but concluded that there was no good way to quantify that, and therefore left the number out. Incidentally, "unleashing people from their jobs" may be the punchline of 2014. And why not, everything else is rapidly going to bizarro socialist hell. Actually, here is another punchline candidate: "tethered to a job": Lower acknowledged that it has been harder to make ends meet without a steady paycheck. But she said there is no way to quantify the peace of mind she feels, now that she isn't tethered to a job she hates and can help her daughter, a single mother who works full time, with child care.   Lower expected to miss her job. "It was definitely a scary move to make," she said. "I'm a person who likes routine, and there definitely was an adjustment period."    But upon reflection, she said, "I've adjusted well." We hate to break it to you, but "adjusting" to living on the welfare of others, while being untethered, and unleashed from the tyranny of working (hard) and paying taxes is not exactly training for the Ironman Triathlon. Also, the final outcome when the entire population becomes untethered and unleashed is rather unpleasant - just see every socialist paradise in history. However, what is becoming clear is that slowly but surely, the entire process of labor and being employed is increasingly cast in a negative light: something which is not exactly surprising. At least not to our readers, because, sadly, we were once again just over a year ahead of the prevailing sentiment when, in November of 2012, we wrote "When Work Is Punished: The Tragedy Of America's Welfare State" when we said that "for increasingly more it is now more lucrative - in the form of actual disposable income - to sit, do nothing, and collect various welfare entitlements, than to work. This is graphically, and very painfully confirmed, in the below chart from Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania (a state best known for its broke capital Harrisburg). As quantified, and explained by Alexander, "the single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045." That was then. Now we can add Obamacare... which will further help America's now almost extinct middle class get even more untethered and unleashed. Of course, it is up to the likes of the Bezos Washington Post to make it appear that this is all not only perfectly normal, but noble and dignified. Alas, as smarter people than us have pointed out, being untethered and unleashed only works as long as the system has other people's money to distribute to those who chose not to work and pay taxes. Once said money runs out , complete social collapse and revolution usually follows.

6 Remarkable Gold Charts This Week Posted: 09 Feb 2014 01:36 PM PST In the course of the past week, several exceptionally interesting charts were released on GoldSilverWorlds and other websites. In this article, we collect the most interesting charts expressing gold’s fundamental and technical picture. Weekly chart in a downtrend but at major resistance The lack of downside follow-through, after the highest volume bar 7 trading ranges ago, has been an anchor for the current rally, of sorts. The caveat as to which way price will move from here is the trend, which favors lower price behavior until there is an indication of change. Right now, such an indication is absent. Of minor concern is the location of the closes for the 3 bars at the end, tending toward the lower range of each bar. The offset is the fact that despite apparent weakness, price did not move lower. If gold trades higher next week, the daily trend will turn up, and confirmation will come from a lower swing high on the next correction (source). Inverted correlation gold vs equities about to break out? From a broad perspective, it is likely to see an inverse correlation between gold and Equities just like we saw throughout the last bull market in the 1970's (source). The key level to watch on the Dow on a weekly close basis is the 55 week moving average at 15,218. It should also be watched in conjunction with the 55 week moving average on the S&P 500 at 1,672 (see Equities section for more details). The key medium term level on Gold is the double bottom neckline at $1,433. The pattern would target $1,686 (source). Fundamental divergence in the price of gold Until last year destroyed gold's multi-year bull reign, the expansion of the U.S. balance sheet and the price of gold over the past decade moved in near lockstep. From 1999 through 2012, the correlation coefficient of the rising price of gold to the Fed's climbing assets was 0.95. Even with the tapering of the bond purchases that began in late 2013, the Fed's balance sheet remains on an upward trajectory and much higher than the price of gold. This suggests we should see much higher prices (source). JP Morgan turned from seller to buyer The chart below shows the month-by-month number of contracts that were either provided to the exchange or taken from the exchange by JPM. For a single firm, the numbers are large, but the effect across all gold markets is greater because so many gold transactions follow the price set in the paper futures market. What jumps out from the chart is the fact that while JPM had been selling gold into the futures market for most of the year, it made a major shift in December, absorbing 96% of all gold delivered. That is a radical shift and an indicator that JPM's policy has shifted. Bud Conrad notes: “In my opinion, their deliveries of gold were suppressing the price during 2013, but now their policy has shifted in a way that will support gold going forward” (source). Big US banks are now net long gold Another confirmation of the shift by big banks comes from data provided by the US Commodity Futures Trading Commission (CFTC) that shows the net positions of the four biggest US banks in the futures market. There has been a dramatic change from being short the market to now being long (source).

Jim Rickards: Target Gold Price Between $7,000 And $9,000 per Oz Posted: 09 Feb 2014 01:06 PM PST We had summarized a while ago 10 Currency War Insights From Jim Rickards and we explained how the World Currency System Is Moving Towards Catastrophe. Our latest articles have focused on how The Ongoing Depression Could Force A Return To The Gold Standard  and  how the Most Likely Outcome Is Still A Monetary Collapse. Courtesy of The Epoch Times, Jim Rickards gives a first set of insights from his new book which will be out in April 2013. In “The Death of Money, The Coming Collapse of the International Monetary System“ (preorder on Amazon), Rickards confirms the predictions made in Currency Wars and goes deeper in the matter by explaing how the international monetary system might collapse and how the new monetary system could look like. About his new book: The sequel is that in "Currency Wars" I also had a lot of history. There were five chapters of history and I thought that was very important. If you are going to talk about gold with the reader, a lot of times if you jump right into gold, people think you are sort of a nut. I find if you tell the story through history people can see gold in a context, and when you talk about it, it doesn't seem quite so strange. In my new book, "The Death of Money," there is no reason to repeat the history—that's all in "Currency Wars"—so it's more forward leaning, and talks more about the future of the international monetary system, a coming collapse. And not just a collapse, because a lot of people are running around talking doom and gloom, the end of the dollar and all that. I might even agree with that, but I don't think it has a lot of content. What I try to do is provide a more in-depth analysis describing what will come next, what the future international monetary system will look like. I point out that the international monetary system has already collapsed three times within the last 100 years—1914, 1939, and 1971—and that another collapse would not be at all unusual. But it's not the end of the world. It's just that the major powers sit down and reform the system. I talk about what that reformation will look like. So that's the sequel or the continuation of the story looking over the horizon. Some stuff that is before "Currency Wars" and some stuff that is after. And other content on the contemporary situation in Europe and China, so I hope people enjoy it. Rickards on gold’s prospects: Gold has a number of vectors. It is technically set up for a massive rally. Let me separate the fundamentals from the technicals. Fundamentally my target price for gold is in the range of $7,000 to $9,000 per ounce. That's not something that will happen straight away, but it's not a 10-year forecast either. It's a three- to five-year forecast, for the price to rise by about five to six times. My analysis is based on a collapse of confidence in the dollar and other forms of paper money. To restore confidence you have two means: You either flood the world with liquidity from the International Monetary Fund in the form of Special Drawing Rights [SDRs, a form of money issued by the IMF], or we return to a gold standard. The flooding of the market with SDRs would be highly inflationary, so that by itself would drive gold to a higher level. If they go back to a gold standard they will have to take a non-deflationary price. People say there is not enough gold in the world. The answer is there is always enough gold in the world. It's just a question of the price. Now, at $1,300 an ounce, there is not enough gold to support world trade and finance. But at $10,000 per ounce, there is enough gold. It's not about gold, it's about the price. If you go back to a gold standard you have to avoid the blunder that England made in 1925, by going back to the gold standard at the wrong price, which proved to be highly deflationary, and contributed to the Great Depression. I've done the math on that and the non-deflationary price for a gold standard today is about $9,000 per ounce. The target price is based on supporting the paper money supply with gold. That would be using M1 [paper notes, coins, and checking accounts] as the monetary base, with a 40 percent backing. If you were to use M2 [M1 plus savings accounts and money market funds] with a 100 percent backing, that would be $40,000 per ounce. What it means for gold investors: It wouldn't mean gold would be worth any more [in real terms]; it would just mean the dollar has collapsed. But yes, you get more dollars for the ounce. Let's call that the three- to five-year forecast. For the year ahead, those fundamentals are unlikely to play out in a year. But the technicals can play out. Technically, gold is set up for a major rally based on the decline in floating supply. Whether gold’s outlook is linked to gold’s crash of 2013: There was 500 tons removed from the GLD [Spider Gold Trust ETF] warehouse by the bullion banks. That was a massive physical overhang removed from the market. People don't really understand how the GLD ETF works. When people are buying the GLD, they are not buying or selling gold; they are buying and selling shares. The gold sits in a warehouse and is only available to authorized participants. If you look at the list of authorized participants and look at the list of bullion banks, they are pretty much the same people: Goldman Sachs, Citigroup, JPMorgan, Morgan Stanley, Deutsche Bank, HSBC, etc. Those banks have the ability to buy up shares, take the shares, cash them in, and get physical gold. And they were doing that and they were sending that gold to Shanghai to support trading and leasing on the Shanghai gold exchange. So when you take 500 tons and dump it on the market, that's about 20 percent of the annual mining supply. It's a massive physical injection. The other factor is just outright manipulation, which is very visible in Comex future prices. I've seen some statistical analysis that demonstrates market manipulation beyond the shadow of a doubt. So the point is that between central bank manipulation through Comex futures and bullion banks dumping the physical, and by cleaning out the GLD warehouse, and also the Comex warehouse for that matter, there is a massive amount of gold that came on the market over and above normal supply trends, putting massive selling pressure on the Comex. So that was a bad combination, but the problem is that it's not sustainable. Where physical gold is going: You can't loot the warehouse twice. Once you take all the gold out, you can't take it out again. JPMorgan's vault is low, Comex's vault is low, the GLD's vault is low. One of the big movements right now is gold moving from places like UBS, Credit Suisse, and Deutsche Bank to private storage such as G4S, ViaMAT, and Brink's. That doesn't increase the supply of gold at all. But what it does do is it decreases the floating supply available for trading. If I have my gold at UBS, UBS typically has the right of rehypothecation. But if I take my gold and move it over to ViaMAT, it's just sitting there and it's not being traded or rehypothecated. So, if I move gold from UBS to ViaMAT, there's no more or less gold in the world. I'm still the owner, and it's the same amount of gold. But from a market perspective, the floating supply has decreased. The biggest player in that is China. China is buying thousands of tons of gold secretly through deception and using military intelligence assets, covert operations, etcetera. Whether gold will rally: There is a total supply of gold in the world. But to corner a market or squeeze a market, you don't need to buy all the gold, you just need to buy the floating supply. Think of all the gold in the world, it's about 170,000 tons. Think of a little sliver on top of it that is the floating supply available for trading. Gold that's in the Comex or JPMorgan or GLD vaults is available for trading. Gold purchased by the Chinese will not see the light of day again for the next 300 years, and is not available for trading. So with the gold going from West to East, and from GLD to China, the total amount of gold is unchanged, but the floating supply is declining rapidly. This means that the paper gold that sits on top of the floating supply is becoming more and more unstable and vulnerable to a short squeeze, because there is not enough physical gold to support it. So that's likely to collapse at one point and lead to a short squeeze and heavy buying.

Stock Market Will Collapse In May Followed By Major Spike in Gold & Silver Prices! Here’s Why Posted: 09 Feb 2014 01:03 PM PST The unintended consequences of five years of QE are coming home to roost! In May or early June the stock market parabola will collapse…followed by a massive inflationary spike in commodity prices – particularly gold & silver – that will collapse the global economy.  So says “Toby Connor” (goldscents.blogspot.ca/) in edited excerpts from his original article* entitled The Great Inflation of 2014. [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.] Connor goes on to say in further edited excerpts: Over the next 3-4 months we are going to see the public pile into the stock market exactly like they did with tech stocks in 2000, and real estate in 2005. NASDAQ to Test All-Time High Make no mistake, this bull market will not be over until the NASDAQ tests it’s all time high above 5000. Stealth Rally in Commodities Coming Completing the final bubble phase in the stock market is the first component necessary for the Great Inflation. During this period commodities are going to start to rise in a stealth rally that everyone will ignore because they will be focused on the stock market. As can be seen in the chart below, the CRB has already broken out of its three-year downtrend. Stock Market Crash Coming This Summer …When the crash begins the inflation stored in stocks will flow into the commodity markets. This process will be exacerbated as Yellen reverses the taper and doubles down on QE to try and reflate the stock market bubble. This will be like throwing gasoline on a fire, and will drive commodity prices through the roof into the end of the year and probably the spring of 2015. The Fed Will try to Reflate to No Avail The Fed is going to make the exact same mistake they did during the last decade. Their easy monetary policy has produced a bubble in stocks just like it produced a bubble in real estate in 2005. When the bubble implodes the Fed will try to reflate. They won’t succeed in reflating the broken stock market parabola, but it will trigger an explosion in commodity prices. The rapid spike in commodity prices will collapse the global economy just like it did in 2008. Precious Metals Will Rise the Most Because the artificial and manipulated bear market of the last year has severely damaged the supply side of the market, I expect the gold and silver will be the largest beneficiaries during the Great Inflation of 2014. By this time next year all of the Chinese/Russians/Indians, etc. who have been scooping up gold over the last year are going to look like geniuses. [Editor's Note: The author's views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.] *http://goldscents.blogspot.ca/2014/02/the-great-inflation-of-2014.html (Subscribe to GOLD SCENTS by Toby Connor by Email; To subscribe to the premium service, a daily and weekend market update, click here) Related Articles: 1. Is This Market Correction – an Opportunity to Buy – or a Signal to Sell? Leave a comment Stock market volatility, directed mostly to the downside this year, has caught the attention of anyone with funds at risk. The obvious question on most people's minds is whether to get out or to put more money in. Advice going both ways is readily available. Here are some such articles. Take them into account and make your own decision regarding whether this correction is an opportunity to buy or a signal to sell. Read More » 2. Larry Cyna: Fear About Markets Is Unfounded – They're Just On Sale! Here's Why Leave a comment Larry Cyna, manager of the Toronto hedge fund, CymorFund, is one of the most successful stock pickers out there. He regularly identifies stocks that double or triple in a matter of months and even some that end up being 10-baggers. Here’s what he says about the Dow these days. “The recent fall in the stock market was a correction that was overdue, and that was expected by seasoned professionals. We are in the beginning of the next economic cycle. Stocks are on sale right now. Buy when you can buy at a large discount. Buy on a SALE DAY. That’s TODAY!” Read More » 3. Yes, You Can Time the Market – Use These Trend Indicators 1 Comment Remember, the trend is your friend and now you have an arsenal of such indicators to make an extensive and in-depth assessment of whether you should be buying or selling. If ever there was a "cut and save" investment advisory this article is it. Words: 1579 Read More » 4. Dr. Nu Yu: "Stock Market Alert! S&P 500 Could Correct to 1640! Here's Why" 1 Comment Today, the S&P 500 index decisively broke below the lower boundary of the 3-month ascending broadening triangle pattern. We should now watch for a full range decline down to 1640. Read More »] 5. This Chart of the Dow Suggests "Bring on 2014 – We Ain't Seen Nothin' Yet!" The Dow is up almost 28% but the chart below showing how it's 12% annualized gain over the past 5-years compares with past bull markets suggest we are probably not at a top – that "We ain't seen nothin' yet!" Take a look. Read More » 6. Relax! Take Stock Market Bubble Warnings With a Grain of Salt – Here's Why 2 Comments Bubble predictions are headline-grabbing claims that are sure to attract reader/viewership and more than a few worried individuals who will be pushed to act but, like all forecasts, these bubble warnings should be taken with a grain of salt. Read More » 7.  Stock Market Bubble & Coming Recession? These Charts Say Otherwise The real value of the stock market is positively correlated, over time, with the amount of freight hauled by the nation's trucks (in other words, the physical size of the economy has a lot to do with the real, inflation-adjusted value of the economy) and the latest numbers (see chart) strongly suggest that we are not in a stock market bubble. Read More » 8. The Stock Market: There's NOTHING to Be Bearish About – Take a Look There's nothing to be bearish about regarding the stock market these days. I've reviewed my 9 point "Bear  Market Checklist" of indicators and it is a perfect 0-for-9. Not even one indicator on the list is even close to flashing a warning sign so pop a pill  and relax. There's no immediate danger threatening stocks. Read More » 9. Pop a Pill & Relax ! There's NO Immediate Danger Threatening Stocks Right now there's nothing to be bearish about. I say  that with conviction, because my "Bear  Market Checklist" is a perfect 0-for-9. Heck, not a single  indicator on the list is even close to flashing a  warning sign. We've got nothing but big whiffers! Take a look. Pop a pill  and relax. There's no immediate danger threatening stocks. Read More » 10. Latest Action Suggests Stock Market Beginning a New Long-term Bull Market – Here's Why There are several fundamental reasons to believe that this week's stock market activity, where the S&P 500 has moved more than 4% above the 13-year trading range defined by the 2000 and 2007 highs, could mark the beginning of a long-term bull market and the end of the range-bound trading that has lasted for 13 years. Read More » 11. Sorry Bears – The Facts Show That the U.S. Recovery Is Legit – Here's Why Today, I'm dishing on the unbelievable rebound in residential real estate, pesky  rumors about the dollar's demise and a resurgent U.S. stock market. So let's  get to it. Read More » 12. Correlation of Margin Debt to GDP Suggests Stock Market Has More Room to Run Are stocks in a bubble? While leverage has returned to the stock market driving up stock prices and aggregate demand in the process, margin debt is still shy of its all-time high as a percentage of GDP, so there is certainly some headroom for further rises. A look at the following 5 charts illustrate that contention quite clearly.

Fall of America -- Grandmas feeling the pinch of the Sequester Posted: 09 Feb 2014 12:45 PM PST Low income families in New York are feeling the pinch of the so called Sequester. The automatic multi-billion dollar spending cuts which kicked last year after congress failed to agree on a budget. People are being told to smaller and cheaper apartments or see the rent sky rocket. Marina Portnaya... [[ 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! ]]

Long Term Charts 2: Western Markets Since The Middle Ages Posted: 09 Feb 2014 12:29 PM PST We previously examined 240 years of US market history for a sense of 'trend' or sustainability but some were not satisfied. In order to get a truly long-term perspective, we reach back 1000 years to The Middle Ages and look at how stock prices, interest rates, commodity prices, and gold have changed in a millennia (and most notably how the key historical events have shaped those price changes).   Western Markets Since The Middle Ages   Stock Prices   Interest Rates   Commodity Prices   The Gold Price   @Macro_Tourist for these increble charts   And just for good measure, perhaps the most important chart going forward -  Nothing lasts forever... (especially in light of China's earlier comments )

Chris Hedges : Crisis Cults and the Collapse of Industrial Civilization Posted: 09 Feb 2014 11:30 AM PST The Military Mind & The Antidote to Defeatism with Chris Hedges : Abby Martin features an exclusive interview with Pulitzer Prize winning journalist Chris Hedges, concerning areas of extreme poverty that he refers to as 'sacrifice zones', as well as the reasons behind the collapse of complex... [[ 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! ]]

Venezuela has its gold, if not toilet paper, but what about Germany? Posted: 09 Feb 2014 09:21 AM PST 12:34p ET Sunday, February 9, 2014 Dear Friend of GATA and Gold: Responding to suggestions last week from Germany's Bundesbank that it must repatriate its gold slowly from the Federal Reserve Bank of New York for security reasons, possibly at a rate of no more than 1 tonne per week over six years -- http://www.gata.org/node/13606 -- GATA's friend and consultant R.M. recalls how fast Venezuela managed to repatriate its gold from the Bank of England and other banks over the same expanse of ocean in 2012. The Bloomberg News story appended here reports on the arrival in Caracas on January 30, 2012, of the final shipment of Venezuela's gold, 14 tonnes carried on a single flight. Bloomberg quotes the president of Venezuela's central bank, Nelson Merentes, as saying: "In two months we've brought 160 tons of gold valued at around $9 billion back to Venezuela." By contrast, the Bundesbank first planned to take seven years to recover 300 tonnes from the New York Fed. If Venezuela's pace had been adopted, the Bundesbank could have recovered those 300 tonnes in four months, and, if it has been so inclined, could have recovered its remaining 1,200 tonnes at the New York Fed in another 15 months or so. ... Dispatch continues below ... 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. R.M. calculates that Venezuela's final 14 tonnes were valued at the time at about $774 million, more eggs than most people would want to put in a single basket. But cargo planes, civilian and military, fly over the oceans every day, and civilian and military ships sail them every day with a safety record even better than that of cargo aircraft. So one must suspect that security really isn't the reason for the slow pace of the Bundesbank's gold repatriation from the New York Fed -- that the reason is that, as fund manager, geopolitical strategist, and author James G. Rickards has speculated, the Bundesbank really doesn't want its gold back from the New York Fed and that the nominal repatriation is meant only to ease political clamor in Germany. Or one must suspect that, as many supposedly paranoid gold bugs believe, the German gold is no longer available, having been overcommitted in the fractional-reserve gold banking system of the Western central bank gold price suppression scheme. Of course the latter explanation also could be why the Bundesbank might not really want its gold back any time soon. What an embarrassment, scandal, and financial loss the truth might be. In any case, when it comes to gold repatriation, Venezuela, whose collapsing command economy lately has forced people to rush over to Columbia in search of basic foodstuffs and consumer items, mocks the famous German efficiency. Venezuela may not have toilet paper but it has its gold -- at least until it tries to raise money for toilet paper by leasing its gold to some agent of Western gold price suppression. Are Germany's gold certificates from the New York Fed worth more than toilet paper? CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * Venezuela Receives Last Shipment of Repatriated Gold Bars By Nathan Crooks Bloomberg News Monday, January 30, 2012 http://www.bloomberg.com/news/2012-01-31/venezuela-receives-last-shipmen... CARACAS, Venezuela -- Venezuela today received the last shipment of gold bars in an operation that repatriated 160 tons of the South American country's reserves of the metal held abroad, said Nelson Merentes, president of the country's central bank. Fourteen tons of gold arrived at the Caracas airport today on a flight from Europe, Merentes said. The gold bars were transported in a caravan, broadcast on state television, to vaults at the central bank, where street banners proclaimed "Mission Complete." "In two months we've brought 160 tons of gold valued at around $9 billion back to Venezuela," Merentes said on state television from the Caracas airport. "Today marks the last day of the mission." President Hugo Chavez in August ordered the central bank to repatriate the country's gold reserves as a safeguard against instability in financial markets. The South American country, which has the 15th largest holdings in the world, according to the World Gold Council, held 211 tons of its 365 tons of gold reserves in U.S., European, and Canadian banks as of August. Venezuela will leave about 15 percent of its reserves, or around 50 tons, outside of Venezuela for financial transactions, Merentes said today. He said on Jan. 3 that the country would leave 15 tons of gold in banks outside the country. A central bank report released in August showed that Venezuela held gold reserves with the Bank of England, JPMorgan Chase & Co., Barclays Plc, and Standard Chartered Plc among other banks. "This was the largest type of operation to transport this type of metal in the last 15 years," Merentes said. "The repatriation of our gold was an act of financial prudence and sovereignty." * * * 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 seminar in Austin Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminar from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Austin seminar are posted at JSMineSet.com here: http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/

U.S. Non-Farm Payrolls Fizzle, Gold and Silver Held in Check Posted: 09 Feb 2014 07:54 AM PST Friday was an exceptionally interesting day, with a lot of things going on from the very start. The premiere event was the US Non-Farm Payrolls Report, which pretty much sucked out loud, coming in with an underestimated 113,000 jobs versus a 175,000 expected. This was mitigated a bit by the 'private jobs' added of 142,000 which was closer to estimates. And it could make some feel good because it was in 'government jobs' that much of the shortfall occurred.

Financial, Gold, Stocks Markets Manipulation's Becoming More Extreme, More Desperate Posted: 09 Feb 2014 05:07 AM PST In two recent articles we explained the hows and whys of gold price manipulation. The manipulations are becoming more and more blatant. On February 6 the prices of gold and stock market futures were simultaneously manipulated. On several recent occasions gold has attempted to push through the $1,270 per ounce price. If the gold price rises beyond this level, it would trigger a flood of short-covering by the hedge funds who are “piggy-backing” on the bullion banks’ manipulation of gold. The purchases by the hedge funds in order to cover their short positions would drive the gold price higher.

Economic Collapse 2014 -- Current Economic Collapse News Brief Posted: 09 Feb 2014 02:00 AM PST In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people. [[ 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! ]]

John Ing - “We Are Nowhere Near The Chaos That I Expect” Posted: 08 Feb 2014 09:01 PM PST On the heels of a wild couple of weeks of trading in global markets, today Canadian legend John Ing told King World News "We are nowhere near the chaos that I expect." Ing, who has been in the business for 43 years, also warned KWN that global markets are headed lower and discussed what investors should expect to see around the world, including in the gold market. Below is what Ing had to say in his fascinating interview. This posting includes an audio/video/photo media file: Download Now

Stocks and Commodities Great Inflation of 2014 Posted: 08 Feb 2014 07:05 PM PST For over a year now I've been expecting 2014 to be the year when the unintended consequences of five years of QE come home to roost. By the end of the year we are going to have a massive inflationary spike in commodity prices that will collapse the global economy. It's all going to start with a final manic melt up phase in the stock market over the next 3-4 months. Make no mistake this bull market will not be over until the NASDAQ tests it's all time high above 5000.

Fractional reserve bullion banking and gold bank runs - unallocated as real (gold) bills Posted: 08 Feb 2014 05:00 PM PST Perth Mint

Manipulation of Comex gold 'very visible,' Rickards tells Epoch Times Posted: 08 Feb 2014 03:38 PM PST 6:37p ET Saturday, February 8, 2014 Dear Friend of GATA and Gold: Fund manager and author James G. Rickards tells The Epoch Times this week that "outright manipulation" is "very visible" in Comex gold futures prices. "Between central bank manipulation through Comex futures and bullion banks dumping the physical and by cleaning out the GLD warehouse and the Comex warehouse for that matter," Rickards says, "there is a massive amount of gold that came on the market over and above normal supply trends, putting massive selling pressure on the Comex." But the trend of investors to move gold from investment banks, where it can be "rehypothecated" to oblivion, to ordinary vaults outside the banking system is tightening the gold supply, Rickards adds. His interview is posted at the Internet site of The Epoch Times here: http://www.theepochtimes.com/n3/494029-interview-with-jim-rickards-gold-... 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...

Argentines drain reserves to stash dollars under mattresses Posted: 08 Feb 2014 02:59 PM PST By Camila Russo and Charlie Devereux Bloomberg News Friday, February 8, 2014 Jorge Lischetti applied to purchase dollars from the government the day Argentina eased controls. He stashed the $300 he was allowed to buy in January in his Buenos Aires home and did the same on the first day of February. Argentines like Lischetti, a 24-year-old legal adviser, are contributing to a drop in the country's international reserves by refusing to deposit the dollars they purchase in local banks. More than 12 years after Argentina restricted withdrawals and converted dollar savings into pesos amid an economic crisis that led to a $95 billion default, 91 percent of those who qualify to buy foreign currency from the government are paying a 20 percent surcharge to keep the cash. "History in Argentina is scary enough to make you want to keep your money out of the bank," Lischetti said in an interview in the capital. Argentines have applied to buy and take home $223 million since President Cristina Fernandez de Kirchner opened up dollar purchases Jan. 27, exacerbating a plunge in reserves already at a seven-year low of $27.8 billion. Argentina's 19 percent devaluation last month and the easing of currency controls reflect Fernandez's efforts to cool black market trading, where the peso is 36 percent cheaper than the official rate. ... ... For the complete story: http://www.businessweek.com/news/2014-02-06/argentines-drain-banks-of-do... 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... 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

Gold, Silver and the Gathering Crypto Currency Storm Posted: 08 Feb 2014 02:30 PM PST Jeffrey Lewis

Gerald Celente -- Yellenomics When The Interest Rates go up The Economy Goes Down Posted: 08 Feb 2014 02:00 PM PST Gerald Celente - Independent Living Bullion - February 7th, 2014 : Gerald talks about gold prices and what to expect in prices this coming year. Gerald Celente -- Yellenomics When The Interest Rates go up The Economy Goes Down One of the best-known futurists in the country is Gerald Celente.... [[ 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! ]]

Market Monitor – February 8th Posted: 08 Feb 2014 12:33 PM PST Top Market Stories For February 8th, 2014: 61 Tonnes of Gold Bullion Flow Out of Western ETFs and Exchanges In January 2014 - Jesse's Café Doug Casey on Gold Stocks - GoldSeek Global Markets Throw a "Taper Tantrum" - GoldSeek BlackRock's Hambro on gold in 2014 sees price stability ahead – Mineweb Gold bugs, be patient your time [...]

In The News Today Posted: 08 Feb 2014 12:16 PM PST Jim Sinclair’s Commentary This is where the gold battle will be fought. 80.675 -0.228 (-0.29%) 2014-02-07 16:21:30, 30 MIN DELAY Jim Sinclair’s Commentary Charles Nenner on bond cycles. FX Probe Extends To Options: "Oh God, Look What We’ve Uncovered" Submitted by Tyler Durden on 02/07/2014 19:10 -0500 As an increasing number of FX traders are... Read more » The post In The News Today appeared first on Jim Sinclair's Mineset.

Noonan: “Silver may have to go lower before it can go higher” — Here’s Why Posted: 08 Feb 2014 11:22 AM PST Last fall, we said the rally in PMs would take longer than most expected.  Expectations were unmet in 2013, and it is possible that 2014 may be no different… gold gives no indication of beginning a strong rally that will change the trend, any time soon and, while the next sustained bull market may well favor silver outperforming gold, silver may have to go lower before it can go higher. Let me explain why this is the case. So says Michael Noonan (edgetraderplus.com) in edited excerpts from his original article* entitled Gold And Silver – NWO "Problem-Reaction" Ploy Stronger Than Fundamentals.  [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.] Noonan goes on to say in further edited excerpts: Gold is well under a 50% retracement between the last swing high and low.  This is just a general guide to indicate the strength or weakness of a market.  The farther away price is under the half-way area, the weaker the market.  More of an issue is the bearish spacing. Whenever there is a space between the last swing low and the next swing high that fails to close that space, it indicates that sellers are more aggressively in control. Gold – Weekly Chart Based on the weekly chart, gold gives no indication of beginning a strong rally that will change the trend, any time soon. The trend is always treated with respect as the most important first piece of information because it captures the prevailing price momentum.  The best way to trade successfully is in harmony with the trend.  Regardless of whatever information that portrays the reality of dwindling supply for gold, the reality  of the charts takes preference because the charts are more driven as to timing, and now is not the time to be long futures, just yet. The reading of charts is always in opposition to the ongoing purchase of the physical metal.  Given the circumstances driven by central bankers, at some point, reality will rear itself onto center stage, and the physical will outperform almost every other asset class, and just as importantly, availability may not exist.  Keep on buying the physical. The charts keep the paper market in context. At some point, the price expectation that actually reflects true supply and demand will align, but now is not that time.  For as long as the trend remains down and price is well under a 50% retracement, the market is weak. There has been a series of overlapping bars as seen in the box.  Overlapping bars indicate a struggle between buys and sellers for control.  There is a temporary balance, and it will eventually lead to an imbalance as price next moves directionally. The lack of downside follow-through, after the highest volume bar 7 TDs ago, has been an anchor for the current rally, of sorts.  The caveat as to which way price will move from here is the trend, which favors lower price behavior until there is an indication of change.  Right now, such an indication is absent.  Of minor concern is the location of the closes for the 3 bars at the end, tending toward the lower range of each bar.  The offset is the fact that despite apparent weakness, price did not move lower. Gold – Daily Chart If gold trades higher next week, the daily trend will turn up, and confirmation will come from a lower swing high on the next correction. Silver – Weekly Chart The same applies to the buying and accumulation of physical silver.  Based on the ratio for gold/silver [which is] strongly in gold's favor, the next sustained bull market may well favor silver outperforming gold.  We strongly advocate the buying of physical silver. The silver chart  below is similar to gold but more compact, and weaker, in general.  Comments on the chart explain our view of that developing market. Silver – Daily Chart Silver has been "looking" like it could be forming a bottom, but the…price is, so far, not showing any ability to rally, and the continual hugging of this low area may mean that there is insufficient demand.  In order to find demand, silver may have to go lower before it can go higher. We will just have to wait until supply and demand are resolved.   [Editor's Note: The author's views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.] *http://edgetraderplus.com/market-commentaries/gold-and-silver-nwo-problem-reaction-ploy-stronger-than-fundamentals Other Noonan Articles: 1. Noonan: Gold & Silver Will Not Rally-to-the-Sky in 2014 – Here's Why 1 Comment No matter what you hear or read about gold and the prospects for substantially higher price levels, the trend is down, exactly opposite of what you know. When you compare what you know, an opinion, with what the market is telling you, the market is a more accurate measure, however counter-intuitive it may be to your opinion, [and THIS is what the markets are saying]. Read More » 2. Noonan: These Are the Facts About the Current Price Movement In Gold & Silver 1 Comment We are starting to see some subtle changes in market behavior but the trend currently remains down for both gold and silver. For those who want to grow their capital, the best time to make a market commitment is with the trend and given how no one knows how the market will correct, it is best to wait and see first what the market reveals. Below are some daily and weekly charts on gold & silver charts to show you how things are developing. Read More » 3. Noonan on Silver: Wait for Price to Confirm Its Intent – Then Start Stacking! 2 Comments Do not mess with Mother Nature! The natural law of supply and demand will always rise up from under the distorted efforts to contain it. The good news is that each passing week brings silver closer to its inevitable resolve: a powerful rally that will surpass all others. Read More » 4. Noonan: The Trend in Gold Remains Down – But For How Long? 1 Comment If your perception is focused solely on where the price of gold is, as opposed to where you think or believe it ought to be, the elites would like to sell you a renewable subscription to their "Fiat Is Better" newsletter. Read More » 5. Noonan: Charts Suggest Lower Lows for Gold & Silver to Come in 2014 Leave a comment Because the natural laws of supply and demand do not apply to gold and silver, the only way we can track the influence of endless paper supply on the market is through the most reliable source, the market itself, and the best way to track the market is through charts.Let’s take a look at what they are conveying today. Read More »           The post Noonan: “Silver may have to go lower before it can go higher” — Here’s Why appeared first on munKNEE dot.com.

Gold And Silver - NWO 'Problem-Reaction' Ploy Stronger Than Fundamentals Posted: 08 Feb 2014 09:51 AM PST The fundamentals for gold and silver worsen with each passing week, it seems, yet the price for gold and silver still languish in down trends. If everything is as precarious as is depicted in so many other articles citing how PMs are in dire straights, for the same deteriorating reasons presented with pinpoint numbers, as in reduced stocks of deliverable metals, increased transfers from West to East, why are gold and silver still near recent lows for the past two years?

As Sochi Starts, 1929 Stock Market Crash Warnings Accelerate Posted: 08 Feb 2014 09:24 AM PST "Good evening. This is an extraordinary period for America's economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We've seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, and some have failed. As uncertainty has grown, many banks have restricted lending. Credit markets have frozen. And families and businesses have found it harder to borrow money. We're in the midst of a serious financial crisis, and the federal government is responding with decisive action....

How Gold is Currently Being Priced Posted: 08 Feb 2014 06:33 AM PST Gold's Price Ahead of the Herd readers know I believe gold's price is being driven by rising, or falling, real interest rates. Real interest rates are the level of annual yield paid to savers and investors over and above the pace of inflation.

Gold and Silver Stocks Moving Average Analysis Posted: 08 Feb 2014 05:37 AM PST The gold and silver stocks have rebounded nicely but have consolidated in recent weeks. Where is this going and how do we know? Well, a few weeks ago we publicly said that a major bottom is in. Thus, we believe the trend will go higher. Beyond belief, we need real confirmation that the sector will continue higher. Enter moving average analysis. By using a few simple moving averages we can better understand the current context and get confirmation that the sector will continue to move higher. GDX, GDXJ and SIL could soon test moving averages which have been resistance for the past 13 months.

Roberts and Kranzler: Market manipulations become more extreme, dangerous Posted: 08 Feb 2014 05:28 AM PST 9:25a GT Saturday, February 8, 2014 Dear Friend of GATA and Gold: Former Assistant U.S. Treasury Secretary Paul Craig Roberts and market analyst Dave Kranzler yesterday documented what was obviously somebody's attack on gold and goosing of the stock market on Thursday. Their commentary is headlined "Market Manipulations Become More Extreme, More Desperate" and it's posted at Roberts' Internet site here: http://www.paulcraigroberts.org/2014/02/07/market-manipulations-become-e... 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

THE GREAT INFLATION OF 2014 Posted: 08 Feb 2014 05:21 AM PST For over a year now I've been expecting 2014 to be the year when the unintended consequences of five years of QE come home to roost. By the end of the year we are going to have a massive inflationary spike in commodity prices that will collapse the global economy. It's all going to start with a final manic melt up phase in the stock market over the next 3-4 months. Make no mistake, this bull market will not be over until the NASDAQ tests it's all time high above 5000.  Over the next 3-4 months we are going to see the public pile into the stock market exactly like they did with tech stocks in 2000, and real estate in 2005. Completing the final bubble phase in the stock market is the first component necessary for the Great Inflation. During this period commodities are going to start to rise in a stealth rally that everyone will ignore because they will be focused on the stock market. The CRB has already broken out of its three-year downtrend. At some point later this year, probably in May or early June the stock market parabola will collapse. This is the second component necessary to initiate the Great Inflation. When the crash begins the inflation stored in stocks will flow into the commodity markets. This process will be exacerbated as Yellen reverses the taper and doubles down on QE to try and reflate the stock market bubble. This will be like throwing gasoline on a fire, and will drive commodity prices through the roof into the end of the year and probably the spring of 2015. The Fed is going to make the exact same mistake they did during the last decade. Their easy monetary policy has produced a bubble in stocks just like it produced a bubble in real estate in 2005. When the bubble implodes the Fed will try to reflate. They won't succeed in reflating the broken stock market parabola, but it will trigger an explosion in commodity prices. The rapid spike in commodity prices will collapse the global economy just like it did in 2008. Because the artificial and manipulated bear market of the last year has severely damaged the supply side of the market, I expect the precious metals will be the largest beneficiary during the Great Inflation of 2014. By this time next year all of the Chinese/Russians/Indians, etc. who have been scooping up gold over the last year are going to look like geniuses.

Gold Investors Weekly Review – February 7th Posted: 08 Feb 2014 04:23 AM PST In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week's strengths, weaknesses, opportunities and threats in the gold market. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,267.21, up $22.66 per ounce (1.82%). The NYSE Arca Gold Miners Index went 1.97% higher on the week. This was the gold investors review of past week. Gold Market Strengths On the back of last week's three bought deals, the activity kept up this week as Luna Gold announced a C$20 million bought deal and Gold Standard Ventures announced a C$10 million marketed private placement. In addition, on the M&A front, Silver Standard Resources agreed to purchase the Marigold Mine from Barrick and Goldcorp for $275 million in cash. Australia's Perth Mint, which refines most of the bullion from the world's second-largest producer, joined the U.S. in reporting that gold demand climbed in January. A Bloomberg story reports sales of coins and minted bars increased 10 percent to 64,818 ounces in January. Sales of gold coins by the U.S. Mint climbed 63 percent in January. Gold Market Weaknesses A Mineweb article suggests that gold ETFs appear to have fallen out of favor in India. The exchange traded funds had their first yearly decline in assets under management (AUM) since their introduction in 2007. In 2013, the local gold ETFs slid 26 percent, losing approximately $479 million in AUM. New Gold released its full-year 2013 operating results together with its guidance for 2014. Gold production for 2014 disappointed investors' expectations at 380 to 420,000 ounces, roughly flat relative to 2013. The analysts at Paradigm Capital were "baffled" as to why the company made no mention of significant reserve grade decreases in the New Afton mine, which represents more than half of the company's valuation. Gold Market Opportunities Mexican pension funds have shown fresh interest in gold after certain investment regulations were lifted, says the World Gold Council. The Council has been in contact with fund managers representing nearly $160 billion in assets, who have demonstrated interest in gold investments now that Mexican legislation allows pension funds to invest in gold and commodities. There have been commentaries circulating that suggest billions of dollars worth of private capital is currently waiting to be deployed in the mining sector. Yet, according to Mark Tyler, senior investment banker at Nedbank Capital, there is a "wall of funding" waiting. According to Tyler, there is evidence suggesting $8 billion of private capital, and a similar amount of money in public funds, are currently stuck as fund managers are engaging in more comprehensive due diligence processes. The main argument for the increase is the fact that good deposits have been ruined by poor management in the past, and it takes longer to perform due diligence on management. Gold Market Threats National Bank Financial is of the opinion that 2014 gold mining production guidance is likely "to carry a mixed negative bias as the move to 'profitable ounces' may not materialize as quickly as investors hope." This next step of cost-cutting may fall short of expectations, both with respect to magnitude and timing, since the flexibility of mining operations is constrained, according to the bank's analysts. A new Environmental Protection Agency (EPA) report states that nearly 40 percent of total toxic chemical releases came from metals mining in 2012. According to the agency, the extraction and beneficiation of metals generates large amounts of waste, which are not especially amenable to reduction. Tim Crowley, President of the Nevada Mining Association, came out in defense of the sector stating that more than 99 percent of the state's toxic releases are secured and monitored in engineering facilities and protected from exposure to the surrounding environment, a fact that was not found in the EPA report.

The Game Changer For Gold In One Chart Posted: 08 Feb 2014 03:54 AM PST This is a guest post by Frank Holmes from USFunds.com. Earlier this week, we watched Ben Bernanke officially "pass the puck" to Janet Yellen, who became the new chairman of the Federal Reserve's Board of Governors this week. Imagine if the puck were the Fed's assets—that would mean the disk is five times bigger today than when Bernanke became chairman in 2006. At the beginning of his reign, the Fed's assets were $834.6 billion. Now, the balance sheet has grown to $4.1 trillion, a previously inconceivable size. Until last year destroyed gold's multi-year bull reign, the expansion of the U.S. balance sheet and the price of gold over the past decade moved in near lockstep. From 1999 through 2012, the correlation coefficient of the rising price of gold to the Fed's climbing assets was 0.95. Even with the tapering of the bond purchases that began in late 2013, the Fed's balance sheet remains on an upward trajectory and much higher than the price of gold. This suggests we should see much higher prices. What will break gold of its losing streak? Will inflation, which is a lagging indicator, be stronger than expected? In one of my most popular posts last year, I said that based on the jobs market, the limited housing recovery and regulations slowing down the flow of money, the Fed would have no choice but to start tapering and raising rates very gradually to keep stimulating the economy. In CLSA's Greed & Fear, Christopher Wood points out the forward-looking U.S. data, pending home sales index, is "clearly suggesting stalling momentum." Pending home sales have been declining for seven months in a row, "plunging by 8.7 percent month-over-month in December to the lowest level since October 2011." There's also a weaker demand in mortgages in the past quarter. According to a survey of banks, nearly 30 percent reported weaker demand for prime mortgages, which is the "worst data since April 2011," says CLSA. About 46 percent of banks are seeing weaker demand for non-traditional residential mortgages, the worst since January 2009. The ISM manufacturing new orders index is also off. In January, new orders fell from 64.4 in December to 51.2 in January, which was the largest monthly decline since December 1980. So even if investors shrugged off the disappointing jobs report today, we're pretty certain the incoming chairman is paying close attention to the scoreboard. Further reading: Read the Fire Fueling Gold

Gold And Silver Price – NWO “Problem-Reaction” Ploy Stronger Than Fundamentals Posted: 08 Feb 2014 03:33 AM PST The fundamentals for gold and silver worsen with each passing week, it seems, yet the price for gold and silver still languish in down trends. If everything is as precarious as is depicted in so many other articles citing how PMs are in dire straights, for the same deteriorating reasons presented with pinpoint numbers, as in reduced stocks of deliverable metals, increased transfers from West to East, why are gold and silver still near recent lows for the past two years? No one has offered answers to such a glaring fundamental discrepancy of excessively low supply, exceptionally strong demand and totally manipulated price. We remain of the mind that the elephant in the room that no one sees is the reason why PMs continue to be held hostage: the all-powerful elites, the New World Order, call them what you will. There is a seemingly invisible hand directing world affairs in ways few people can comprehend, and it is that inability to connect the dots that keeps the elites in power and the remaining people in the dark. This is an over-simplification, but on point. The modus operandi of the elites, grandfathered by the House of Rothschild, fathered by Mayer Amschel Bauer, who adopted the better sounding name "Rothschild," for the red sign that used to hang over the entrance of his house. No one has practiced the art of deception more than the group that sprung from the cunning mind of this man who understood the power of interest and translated into practice to gain control of the European governments, and ultimately, the entire Western world. Fast forward to today with total control of money, via central banks, that dictates to Western world governments. The elites have unlimited numbers of important heads of governments, unlimited numbers of agents to do their bidding and create problems on demand. The Arab Spring, the theft of money from Cyprus, Greece, Ireland, being the most obvious. How about the ransacking of the United States for the past 100+ years? The US is a hollowed out version of what it once was as a result from control of the elites. What is transpiring in Ukraine, since the president decided to not join the European Union, has been brought about by elite agents organizing a disorganized population to rise up against the government. It is widely known and acknowledged that Ukraine cannot afford to join the EU, in order to have the privilege of being financially raped once a member and controlled by the elite banking cabal. Ukraine is an effort to keep Putin from gaining control of natural gas pipelines that are a source of heat for much of Europe. It was the impetus behind the Obama regime to declare war on Syria, for similar reasons, only to have the war-driven leader dressed down by Putin. The elites create problems everywhere, but under the radar, mostly undetected, unless one begins to see how they operate and can then better understand why problems arise where they do and when. These are carefully planned operations. Once trouble develops, the elites then gauge how the public reacts and then offers solutions to the problems they purposefully created. The reaction to 9/11 in the US? The public was driven into fear, [the created problem], and the reaction was to embrace the solutions offered by the elite-controlled federal government, giving up "freedoms" for greater "security" against "terrorists." America has not been the Land of the Free for decades as a result of the true shadow rulers. Why did the popular Occupy Wall Street movement all of a sudden disappear? It ran the risk of putting the spotlight on that cesspool known as the venue for central banker control. How was the movement put down? By police force under the direction of the bankers, [who in turn are under the direction of the elites that keep themselves a few steps removed from any direct involvement, but always directing it]. Did the elite- controlled media ever question why the New York City police force was under the control of private banks? Former mayor Michael Bloomberg is an elite acolyte. The governments are controlled, the media is controlled, the legal systems are controlled, agriculture is controlled, [think Monsanto], the pharmaceutical industry is controlled, drugs are controlled, etc, etc, etc. All because of Rothschild's discovery that when one controls the money, one controls everything. What the arrogant elites did not expect was the rise of China and Russia, [after being dismantled and now put back together, again], as opposing forces not in control via the Western central bankers and their endless issuance of worthless fiat. All of a sudden, actually, over the past few decades, China and Russia, plus the other BRICS nations, have called the financial bluff of the moneychangers and demanded payment in gold for all the toxic U S Treasury bonds, [worthless, except in one's mind, just like the Federal Reserve Notes, erroneously called "dollars,"], and to keep the elite's huge Ponzi scam from being revealed, they have been selling every ounce of gold the have and also those they did not own but had under their control. It is all about power, the ultimate fundamental that drives everything, and gold has always been the Achilles heel for the elites, which is why they have always marginalized it in the public's mind. There is no gold in Fort Knox. It is gone. There are no silver stocks in the US. Gone! Roosevelt used an Executive Order, stating all "persons" must turn in their gold or be penalized an exorbitant amount. First of all, Executive Orders issued by any President only apply to Federal officers of the government. That is it! People did not know that, and the elite-controlled federal government made no effort to dissuade anyone of that misconception. [There are so many, many others.]. Secondly, the definition of a "person," according to laws passed by the federal government, includes corporations. A corporation is a "person." All corporations are created by statute, making them fictions of law of the state in which it is incorporated. When Roosevelt issued his Executive Order, it did not, by law, apply to individuals as persons, but to corporations as "persons." Any individual who considered him/herself as a "person," made that [uninformed] choice freely. Things have not changed. How does Obama rule? He passes Executive Orders and by-passes Congress, a puppet clan, anyway. The end game is not totally in place. China has no interest in having the "value" of its ever-increasing gold hoard rise, not while it can acquire it at current low prices. Remember the sale of JP Morgan's crown jewel office building, One Chase Plaza, to China, for $750 million? That is probably less than half of its market value. It also housed the world's largest gold vault, directly connected to that of the Federal Reserve, across the street via and underground tunnel. To keep China from dumping all of its worthless Treasury paper, and destroying the "dollar" and ruining the elite Ponzi scam, China is being accommodated by the US elites via half-price sales of coveted assets. China is buying both gold and America on the cheap. Russia is not quite secure in total control of the natural gas pipelines that are being opposed by the West, particularly the Nobel Peace Prize president that is conducting more wars than any other leader on the planet. Ukraine is pay-back to Putin by the elites, trying to divide Ukraine into EU submission and away from Russia. This is why Ukraine "opposition" to the government has been so strong and persistent. It is the work of the well-paid agents on the payroll of the elites. Many of those same agents were at work in Egypt and other Arab countries during their "staged" uprisings. The point to be made from these somewhat broad assessments, any of which can be verified by doing one's own due diligence, is that gold and silver are being held hostage by the elites to keep their world power alive. It has not yet been determined how those in power will survive, and they are likely working fast and furious behind the scenes with China to keep the gold/silver scam alive, making whatever deal[s] they can to keep control over their flagging Western empire and crumbling fiat scheme. Last Fall, we said the rally in PMs would take longer than most expect. Expectations were unmet in 2013, and it is possible that 2014 may be no different. So far, the charts give no hint to the reality of the gold/silver situation. We also know of no other source of market information that has been more in sync with price as it is and for whatever reasons. Gold is well under a 50% retracement between the last swing high and low. This is just a general guide to indicate the strength or weakness of a market. The farther away price is under the half-way area, the weaker the market. More of an issue is the bearish spacing. Whenever there is a space between the last swing low and the next swing high that fails to close that space, it indicates that sellers are more aggressively in control. Based on the weekly chart, gold give no indication of beginning a strong rally that will change the trend, any time soon. The trend is always treated with respect as the most important first piece of information because it captures the prevailing price momentum. The best way to trade successfully is in harmony with the trend. Regardless of whatever information that portrays the reality of dwindling supply for gold, the reality of the charts takes preference because the charts are more driven as to timing, and now is not the time to be long futures, just yet. The reading of charts is always in opposition to the ongoing purchase of the physical metal. Given the circumstances driven by central bankers, at some point, reality will rear itself onto center stage, and the physical will outperform almost every other asset class, and just as importantly, availability may not exist. Keep on buying the physical. The charts keep the paper market in context. At some point, the price expectation that actually reflects true supply and demand will align, but now is not that time. For as long as the trend remains down and price is well under a 50% retracement, the market is weak. There has been a series of overlapping bar, seen in the box. Overlapping bars indicates a struggle between buys and sellers for control. There is a temporary balance, and it will eventually lead to an imbalance as price next moves directionally. The lack of downside follow-through, after the highest volume bar 7 TDs ago, has been an anchor for the current rally, of sorts. The caveat as to which way price will move from here is the trend, which favors lower price behavior until there is an indication of change. Right now, such an indication is absent. Of minor concern is the location of the closes for the 3 bars at the end, tending toward the lower range of each bar. The offset is the fact that despite apparent weakness, price did not move lower. If gold trades higher next week, the daily trend will turn up, and confirmation will come from a lower swing high on the next correction. The same applies to the buying and accumulation of physical silver. Based on the ratio for gold/silver, strongly in gold's favor, the next sustained bull market may well favor silver outperforming gold. We strongly advocate the buying of physical silver. The silver chart is similar to gold but more compact, and weaker, in general. Comments on the chart explain our view of that developing market. Silver has been "looking" like it could be forming a bottom, but the fact that price is so far not showing any ability to rally, and the continual hugging of this low area may mean that there is insufficient demand. In order to find demand, silver may have to go lower before it can go higher. We will just have to wait until supply and demand are resolved.

Two more U.S. State Dept. memos show conspiracy to control gold price Posted: 08 Feb 2014 02:53 AM PST 8a SRT Saturday, February 8, 2014 Dear Friend of GATA and Gold: Government records from decades ago don't necessarily prove what governments are doing today, but they can demonstrate the possibly enduring interest of governments in the matters at issue. That's what is done by two more U.S. State Department documents called to GATA's attention this week by our friend J.V. The first is a memorandum about "the gold question" sent in March 1974 by the deputy assistant secretary for international finance and development, Sidney Weintraub, to the undersecretary of state for monetary affairs, Paul Volcker, later to become, of course, chairman of the Federal Reserve Board. The Weintraub memo outlines the U.S. government's views and options about gold policy in preparation for a meeting with Secretary of State Henry Kissinger. The minutes of the meeting with Kissinger, held the following month, describe in detail the great but little-understood power of gold in the international monetary system and the interest of the United States in controlling gold's use as money. The minutes were discovered by GATA consultant Koos Jansen and published by GATA in November: http://www.gata.org/node/13310 In his memo Weintraub tells Volcker: "U.S. objectives for the world monetary system -- a durable, stable system, with the SDR [Special Drawing Right] as a strong reserve asset at its center -- are incompatible with a continued important role for gold as a reserve asset." Weintraub adds that the U.S. objective is "to encourage and facilitate the eventual demonetization of gold" and to try to keep gold's price down, in part to diminish the influence of the Soviet Union and South Africa, gold producers whose political systems were opposed in the West. "It is the U.S. concern that any substantial increase now in the price at which official gold transactions are made would strengthen the position of gold in the system and cripple the SDR," Weintraub writes. "If international liquidity were injected via gold, there would be little likelihood of new SDR allocations. There also would be reduced incentive to sell gold on the private market even after an official price increase since central banks would cling to their gold in expectation of further official gold price increases. In addition, too large an increase in world liquidity might add to inflationary dangers. Finally, the distribution of the increase in world reserves would be highly inequitable, with eight wealthy countries getting three-fourths while the developing countries would get less than 10 percent. Producing countries (the USSR and South Africa) would benefit from the implicit floor put under the free-market gold price." The Weintraub memo is posted at the State Department's archive here: http://history.state.gov/historicaldocuments/frus1969-76v31/d61 The second document noted by J.V. is a memo written in January 1976 by Assistant Secretary of State for Economic and Business Affairs Thomas O. Enders to Secretary Kissinger about the decisions recently taken by the International Monetary Fund meeting in Jamaica, which had legitimized floating exchange rates among currencies. Enders' memo reviews the options for a role for gold in the international monetary system and notes that less-developed countries were especially opposed to any role, since they didn't have much gold -- though of course this was before gold mining became a major or prospective major industry in some of those countries, which are now substantially weakened by the efforts of industrialized countries to suppress the price of gold to support their own currencies. The Enders memo is posted at the State Department's archive here: http://history.state.gov/historicaldocuments/frus1969-76v31/d129 Of course the foreign offices and central banks of the countries involved in these discussions made no public statements to clarify their policy objectives toward gold. That is, they met in secret to plot their policy, conspiring within their own governments and with other governments, as is always the case. Those who disparage the complaint of gold price suppression by central banks dismiss it as "conspiracy theory." But the government archives show that it is conspiracy fact. Just as often as not, of course, government itself is conspiracy. Last year the U.S. State Department, in a letter to GATA's lawyers -- http://www.gata.org/files/StateDeptDenialLetter-05-08-2013.pdf -- denied that its archive holds anything like the three documents cited here. 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 seminar in Austin Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminar from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Austin seminar are posted at JSMineSet.com here: http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/ Attachment Size StateDeptWeintraubMemo-03-06-1974.htm_.txt 110.5 KB This posting includes an audio/video/photo media file: Download Now

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