Gold World News Flash |
- Gold and Crude Oil Short-term Outlook
- The Last Economic Crash 2014
- Eric Sprott – New World Gold Council Gold Demand Data
- Setting the Stage for March: The Week Ahead
- Maguire – The Reason Why Silver May Be Set To Skyrocket
- ALERT -- Governments STEALING Pension Funds!
- Weekly Chinese Gold Demand Transcends Global Mining Production, Again
- Silver Could Be The Tipping Point While Gold And China Get All Attention
- Meanwhile In Non-Pro-Europe Ukraine
- The Banksters Are In Serious Trouble | Steve Quayle - "V" The Guerrilla Economist
- China has cornered gold, GoldMoney's Macleod tells Keiser Report
- India is key to gold and silver price explosions, Maguire tells KWN
| Gold and Crude Oil Short-term Outlook Posted: 23 Feb 2014 11:56 AM PST Gold has moved well above 1300 mark, and is forming an extended leg from 1251, triangle low. Notice that we have adjusted the wave count, but we see a corrective advance from 1181 now at 1330 resistance. We are observing more simple count now this time; a zigzag with a triangle placed in wave (b). We also know that wave (b) pattern CANNOT be labeled as wave two, because triangles never occur in wave two position. So, because of that situation we are even more confident that rally is a contra-trend and that gains will be limited. A decline beneath 1290 area could be an important sign for a confirmed top. |
| Posted: 23 Feb 2014 11:30 AM PST The Last Economic Crash 2014 : The coming bond market crash. And what happens when there is no more gold. Everything has been planned this way. I cant for one second believe that the manufacturing sector of america has been outsourced in such a wholesale fashion for decades without anyone... [[ 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! ]]  |
| Eric Sprott – New World Gold Council Gold Demand Data Posted: 23 Feb 2014 11:00 AM PST from SprottMoney: |
| Setting the Stage for March: The Week Ahead Posted: 23 Feb 2014 10:39 AM PST The week ahead is a transitional week. It is important in terms of price action, as the euro and sterling are threatening to break out to the upside, while the Canadian dollar is threatening a downside break. We caution that ahead of the key events in early March, which includes the ECB meeting and US employment data, breakouts, if they do materialize, are unlikely to be sustained.
The macro economic picture in the US is unlikely to be clarified. Durable goods orders the main release, and with Boeing orders off, a second contracting month is likely, while the end of the week is likely to see Q4 GDP revised lower from the initial 3.2% annualized pace. Weaker retail sales and net exports and less inventory accumulation could see growth marked down to something closer to 2.5%.
The FOMC minutes were clear that the growth in H2 13 was due in part to transitory factors and that growth would be slower in H1 14. The minutes also revealed that there was talk about the possibility that the first interest rate hike might be needed sooner rather than later. Some in the media played this up. We regarded it as noise, not the signal, and indeed, at the end of last week, one Fed official, St. Louis Fed President Bullard the weakness of recent data has pushed him away from expecting a hike this year.
Fed Chair Yellen delivers her weather-postponed semi-annual testimony to the Senate. Her prepared remarks are unlikely to change. The key message is that barring a significant economic deviation from Fed expectations, the measured tapering of long-term asset purchases will continue. Yellen may be asked about the weather's impact on the economy. Reasonable people may differ on trying to assess the impact of the unusually cold and snowy winter.
We suspect the a reasonable working hypothesis is that it is roughly evenly divided between weather and other economic factors, (e.g. inventory cycle, expiration of emergency jobless benefits and expiration of tax credit on capex). The new home sales report will likely illustrate both: They are likely to have fallen for the third consecutive month and are back to levels seen last summer. Cleaner data, and less adverse weather impact is likely in the coming weeks. Those who do not sufficiently appreciate the impact of the adverse weather, and perhaps play up the impact of the tapering, may be surprised how perky the economy appears in the early spring.
The European Central Bank identifies two pillars of its monetary policy: money supply and inflation. Both are reported in the week ahead and the outcome is expected to be instrumental in the central bank's decision on March 6. The final January CPI and the preliminary February estimate will be reported, Monday and Friday respectively. There is a risk that the 0.7% of the preliminary January estimate gets rounds up to 0.8% in the final estimate, while the preliminary February estimate is likely to move back to 0.7%.
The January money supply figures may show some recovery from the extra weakness that the last minute adjustments ahead of year-end, which is the period that will be assessment in the Asset Quality Review and Stress Tests. However, lending to the private sector has been contracting for more than a 1 1/2 years. It has not been arrested by Draghi's rate cuts. Some soft of funding-for-lending scheme is still be advocated by many and Draghi shows interest in asset-backed securities, but neither seems imminent.
Since the German Constitutional Court cast aspirations on the ECB's OMT program, Moody's upgraded its outlook for Italy's rating to stable from negative, and before the weekend, it unexpectedly upgraded Spain to Baa2 from Baa3 and maintained a positive outlook. For the record, this is equivalent with Fitch's BBB rating and puts S&P as the odd-man out with its BBB- rating.
Separately, we note that Fitch maintained its AAA rating for Austria, with a stable rating. We had thought there was a reasonable chance the outlook could have been cut due to the banking sector challenges. Moody's is set to deliver its opinion on Austria at the end of this week. It currently has a negative outlook for its AAA rating. S&P cut Austria to AA+ early last year.
The third largest economy in the euro zone will have a new prime minister this week. Florence Mayor Renzi will lead Italy. On one hand, he has suggested he wants to serve through the current parliamentary session that ends in 2018, which would be unusually long by Italian standards. On the other hand, he has taken on an agenda that could help raise the PD's chances in an election next, perhaps next Spring, under new electoral rules.
Italy becomes the rotating EU President in H2 and by then Renzi has promised nothing short of a revolution. Electoral reform, largely already agreed upon with Berlusconi, is he first priority. By then end of next month, Renzi has promised labor reforms. By the end of April, public administration reforms and, by the end of May, tax reform.
It is a full week for Japanese data, which includes industrial output, CPI, employment and real spending data. The data is largely irrelevant for three reasons. First, last week's news poor Q4 GDP, with the deflator remaining in negative territory, and a record large January trade deficit provides the more comprehensive sense of the state of the economy. Second, the BOJ extended its low interest rate loan programs last week, seemingly taking it out of the picture. Third, the pending retail sales tax increase on April 1, if anything, would be expected to boost economic activity ahead of it and a decline afterward.
Turning to emerging markets, outflows, according to EPFR continued for the seventeenth consecutive week. Equities continue to bear the burden of the adjustment. However, the weekend news; both, developments in the Ukraine and news that Mexico captured an important drug cartel leader may help improve sentiment. At the same time, the MSCI Emerging Markets equity index consolidated recent gains most of last week, but appears poised to move higher in the week ahead. After finishing last week just above 959, there is potential toward 980, with only 966 standing in the way. Recall the low was recorded near 913.5 on February 4.
Three central banks from the emerging markets meet in the week ahead: Brazil, Israel and Colombia. Only Brazil is expected to move and a 25 bp hike (to bring the Selic rate to 10.75%) looks most likely. Over the course of the week, India reports Q4 GDP and industrial production figures will be reported by Taiwan, SKorea, Singapore and Thailand.
China reports its official manufacturing PMI figures on Saturday March 1. It is expected to confirm the economic slowing, but may remain above the 50 boom/bust level. The yuan was particularly soft last week, falling about 0.4% against the dollar. The offshore yuan (CNH) was off more than twice as much, prompting some concern that that is where the pressure started. The only thing that seems clear, though, is that the weakening of the currency was officially sanctioned.
The central bank, which tends to be among the strongest advocates of reform, has indicated it will increase the 1% band that the yuan-dollar is allowed to trade within (in "an orderly manner" this year). Some suspect that may do so shortly, and more likely in a softer yuan environment, or at least during a consolidative phase. Investors will continue to be closely scrutinize the yuan's performance in the days ahead.  |
| Maguire – The Reason Why Silver May Be Set To Skyrocket Posted: 23 Feb 2014 09:40 AM PST from KingWorldNews:
"They are extremely worried about the shift in bearish sentiment, and they are doing their utmost trying to stop this from taking off. Now, we've been getting a lot of two-way information regarding India. … The World Gold Council estimates gold smuggling to be 20 to 30 tons per month, but my wholesaler says this is a 'gross underestimation,' and could be as high as '50 tons per month.' |
| ALERT -- Governments STEALING Pension Funds! Posted: 23 Feb 2014 09:00 AM PST They took gold from people in the U.S. in the 1930′s...but I've never heard of them taking bank accounts."401k plans, IRA's, and pensions plans which the government knows about [may be next]. We're going to take your pension plan and give you government bonds so that you have a guaranteed... [[ 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! ]]  |
| Weekly Chinese Gold Demand Transcends Global Mining Production, Again Posted: 23 Feb 2014 09:00 AM PST “Only labour can create wealth – gold is condensed labour” from In Gold We Trust:
All over the media we have seen extreme gold shopping sprees around new year and at the Lunar year in China. This resulted in an all time Chinese gold demand record in January – which accounted for 246 tons. In the screen shot below the second number from the right (green - 本年累计交割量) is the amount of gold withdrawn form the SGE vaults in January in Kg. Hi Koos, these two photos were taken yesterday by my uncle in a gold shop in Beijing. "People are buying gold like groceries" – he told me in Chinese. Regards, |
| Silver Could Be The Tipping Point While Gold And China Get All Attention Posted: 23 Feb 2014 08:44 AM PST Fundamentals for gold and silver have become the incense of reality for Westerners. The primary focus is on how many tonnes of gold China has been importing for the past many years, the depletion of available stocks from the central bankers straw men, aka the LMBA and COMEX, the number of coins sold by various governments to the public, [a relative drop in the bucket, but its reporting has a sensation factor], etc, etc. We address this via charts as the best source for market pricing information, particularly citing an example in silver. As a note to anyone not overly familiar with charts, or even turned off by them for lack of understanding or appreciation, we can tell you that the markets are full of logic, and we use charts as a reference to explain how any market will develop in a logical way, [never random for those who mistakenly believe markets are such], and how that logic can be put to profitable use. All of the collective fundamental factors are important, and they are the underpinning for the future performance of the PMs, [Precious Metals]. They are the substance, but the smoke they are producing is clouding the sense part of the incense. Westerners see all the smoke and expect a hand-to-eye coordinated effect in the markets, in the form of higher prices, and therein lies the rub. For Westerners, and truest of Americans, gold is all about its price. Price, price, price. "What is the price of gold, today?" "Where is today's price relative to the highs of a few years ago?" Then there is the ultimate question, "When are gold and silver going to take off?" Gold, in particular, does not have the same sense of importance for Westerners as it does for Easterners, mainly China, India, Turkey, parts of the Middle East. The elites, born from the Rothschild dynasty, through their central banks have manipulated not only the price of gold, but also the minds of the masses as they [do not] relate to gold. Once the moneychangers, [we use various names, but they all reflect back to the always clandestine Rothschild-created group that has been in control of the Western world money supply, and by extension, Western governments], once these moneychangers bankrupted and gained control of the United States, they directed the American proxy-puppetmeister, Franklin Delano Roosevelt, to shut down the banking system and reopen it under total control of the elites. What came next? The deceitful scheme of confiscating gold from Americans, addressed in previous Commentaries, [See NWO "Problem-Reaction" Ploy, paragraphs 1 - 4, and 13 - 15, as a recent example]. Consequently, the central bankers removed gold from the public both physically and psychologically. Most Americans alive today have never even held or touched a gold coin, so it has no value as a money-related substance. "Mission Accomplished" for the elites in ridding its only competition to its paper fiat Ponzi scheme. For Easterners, gold has always been a part of their lives, and they respect PMs as a store of value when all else fails. The price of gold for Easterners? It does not matter. Owning it is all that counts, and they keep buying and holding gold irrespective of price. Families are known to keep it for generations. The point to be made is Western focus is on the smoke produced by the incense, and that, in turn, affects the common sense in recognizing the importance of owning, holding, and the ongoing acquisition of PMs, not because of its price, but for its historical relevance as the most effective antidote to fiat currencies, every one of which has totally failed. The foreign-owned Federal Reserve central bank issues fiat Federal Reserve Notes, [FRN], which the Fed deceitfully calls "dollars. FRN are commercial debt instruments, in law. If you know nothing else about money, know this: debt can never be money, yet Americans, indeed the world, has been tricked into the belief that FRN are money. A belief about reality does not mean the belief is true. It is difficult to stay on point when there has been so much deception by the elites over every aspect of life in the Western world. Making one point, the importance of gold for example, has so much deceptive background about which few Americans are aware, some of what if said does not make sense unless and until one becomes aware of the deception that has been ongoing, not just recently, but since the time when America gained, [what almost all do not know was temporary] independence. If more people realized the importance of owning physical gold and silver, relative to holding worthless fiat paper, they would be better off, but that is not going to happen. Even within the PM community, the focus is on how much one paid for their gold and or silver, relative to what the price is today. The price is where it is today because it has been purposefully suppressed by Western central bankers to keep the "dollar" alive as the world's reserve currency. Destroy that, and gold and silver do, which is why PM are so despised by central banks, competing against their paper enslavement scheme, and the Western banking system collapses. The central bankers will not allow that to happen until they have destroyed every fiat currency, first, and along with that destruction, the "value" of whatever people hold in paper form: cash, stocks, bonds, pensions, etc. It is in process of happening and has been for decades. Right now, events are leading up to the final phase of the dollar to undergo severe devaluation. People are focusing on the price of PMs, treating gold and silver as vehicles for increasing in price relative to their cost of purchase. It is the reason for buying and holding gold and silver that matters. As a consequence, attention is paid to what people think should happen to the price of gold and silver, and not on the reality of what the artificially suppressed market is showing. For that reality, we turn to the charts because the very legitimate fundamentals that will ultimately drive the price of gold and silver are not a barometer for the timing of any future price increases. Plain and simple, gold and silver will not increase in price until the socialist/fascist central planners and their puppet governments have confiscated as much wealth as possible from the masses, leaving many destitute. Know this: It does not matter what you pay/paid for owning physical gold and silver. Price is temporary; physical is permanent. We caught an early portion of the rally in silver and gold but exited prior to the larger gains of the past week, or so. It has been frustrating to be on the sidelines, but it never pays to "chase" a market. The results from Trade Recommendations for February have been great, so far, and none this month's recommendations were derived from trying to catch a rally already underway, as in gold and silver. No matter what phase a market is in, there will always be set-up opportunities that offer limited risk and a higher probability for a successful outcome, and that will also happen for gold and silver. As ongoing buyers of the physical, we are not too concerned about missing a rally or two in a down trending paper market. It is critical to know that one should always make decisions about the reality of a current market and not what one may think will happen in any given market. The weekly gold chart is a simple one. A red flag is in effect based on the increased volume and the very small weekly range that resulted. The message from the market for this specific situation is that the increased effort on the part of buyers was met, even overcome, by sellers who prevented buyers from extending the range more to the upside. The daily shows more detail.
Charts are replete with information about past activity and how it can possibly influence present activity. The rectangular box on the left shows where price declined quickly from the 1360 level down to the 1320 area. [Resistance should always be considered as an area and not just a specific price.] The current rally in gold stopped, so far, at the 1330 area. There are two important considerations to keep in mind. The upper channel line is a supply line that indicates when a market is in an overbought situation. What many fail to appreciate is that overbought can become more overbought, so it is not a reason, by itself, for making a trade decision. The other aspect is the sharp increase in volume, which happened to occur at the overbought supply line at the same time. Whenever there is a sharp increase in volume, pay attention. It is the earmark of "smart money" stepping up activity. Smart money buys low, sells high. That is axiomatic. Up until last Tuesday, the high volume day, gold made 12 successive higher lows. The increase in volume came at the high. Would you surmise smart money was buying or selling at that high day? The logic, to which we referenced earlier for those not too familiar with charts as we use them, would say smart money was selling. Consider the facts taken directly from the chart. Price was in an area where it declined previously, last October, early November 2013. Price was also at an overbought condition, converging with these other two factual observations, as volume had a sharp increase. A logical conclusion can be drawn from those facts, [vs opinions which can be different from one person to another]. Will a correction develop soon, next week, based upon this information? We do not know, nor is it important to know what may happen, in advance. We have formulated an idea on what the market may do, but we have to wait and see if the market confirms the idea. If it does confirm a correction is imminent, the next step is to prepare for an opportunity to possibly be a buyer. This approach to the market eliminates guesswork or having to make a prediction. Time will tell, starting next week. If the market rallies more, instead, we wait again for another opportunity that will develop. Markets do not disappoint.
There is a growing sense that silver, so often overshadowed by gold, may be the key for when the PM begin to rally in earnest. For all the severe shortage of physical silver and mining issues for more supply, etc, the chart does not reflect any sense of urgency that silver is about to launch a major rally. The issue of bearish spacing still exists, and the current rally is at the 50% area from the last swing high to low. Whenever a market does not rally past a half-way point, it is a general indication of overall weakness, emphasis on general. Silver shows the same sharp volume increase and very small weekly range, relative to the effort expended. It is the daily that shows how charts show the way in which a market provides all the information one needs to make an informed trading decision.
People focus their attention on current market activity, even to the extent of using intra day charts as a reference for decision-making. There is too much "noise" from an intra day chart to be consistent. They are not the most reliable points of reference. It is always better to start with the higher time frames and work down. The weekly chart already indicated a red flag alert from the high volume and small range bar. We will start with that bar, "B" on the chart, but we see that specific day as a point of culmination, based upon past market activity. Just as with gold, silver had a failed rally at "A," see arrow. We can see the market declined from that high, but what makes that high of greater importance is seeing how the market closed on 30 October. There was a wide range rally and strong close near the high. Logically, one would expect upside follow through, next day. What happened instead? Price gapped down, opening under the low of that rally bar, the exact opposite of expectations. Whenever the market does something opposite to obvious expectation, that is an important message from the market itself! Pay close attention when that happens. The market failed to confirm the expectation. This gives greater credence to that area being resistance into the future. When we noted that "B" related directly to "A," you would not have likely made that pertinent observation. Further, "A" relates back to "C," which we just realized was not marked on the chart. "C" is the last failed rally in the middle of September, where there was a very wide range bar, followed by a small bar, stopping the rally, and price sold off sharply, next trading day. When you see how "C" acted, it puts "A" into a context that is less surprising. It is the combination of "C," "A," and the volume spike that strongly suggests "B" may also turn into a decline. By itself, "B" is not as strong a case for a potential reaction as when a "story" is developed from previous developed market activity. While all of the focus is primarily on gold, silver is not in as relatively as strong a position as gold, and it may be a truer roadmap for when the eventual bull market emerges, at some as yet unknown point in the future. Whenever that rally starts, it is almost certain that the first signs will come from the charts, as described.
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| Meanwhile In Non-Pro-Europe Ukraine Posted: 23 Feb 2014 08:03 AM PST The bad feelings concerning Russia run deep in the Western parts of Ukraine (as they topple statues of Lenin in growing numbers) while in the East they see themselves much more as Russians. These feelings run very deep in the region and memories do not fade so easily as the mayor and police chief of Kerch vigorously defend the Ukrainian flag in the clip below - deep in the eastern Crimea region (that Russia has already suggested it is willing to go to war over). Russian President Vladimir Putin has now been placed in a very difficult position, as Martin Armstrong notes, the entire set of circumstances creates the image of events in Ukraine that have diminished the power of Russia, which is a matter of pride and the only stable resolution remains a split along the language faultline. The critical question then is - will Putin let it go?
In the west they are toppling Lenin statues en masse
But in the East, the mayor and city officials in Kerch, Crimea defend the Ukrainian flag...
The big question- of course - will Putin let it go? (via Martin Armstrong), Russian President Vladimir Putin has now been placed in a very difficult position. As the protesters in Ukraine gathered the support of the police against the mercenaries, they turned the tide of politics for the moment. Putin’s Sochi Olympic moment has been overshadowed by the bloody mess in neighboring Ukraine thanks to the insanity of Yanukovich trying to oppress the people as in the old days. Yanukovich has demonstrated that ultimate power always corrupts ultimately. There must be checks and balances. The entire set of circumstances creates the image of events in Ukraine that have diminished the power of Russia, which is a matter of pride. The situation may appear that it is slipping out of control and Russia will just walk away. Indeed, it’s hard to imagine that Putin will just walk away and leave Ukraine to its own devices. There is political pride that is at stake here and Putin said in 2005 that the fall of the Soviet Union was “the greatest geopolitical catastrophe” of the 20th century. Putin’s view of this is not economic, but only political. From that perspective, we must understand that if the USA split apart as was the case with the Civil War, there is a sense that a loss of prestige and power will engulf the nation unless the lost portion is regained. There are lessons from history on this point to demonstrate this is not my personal opinion. Take the Roman Emperor Aurelian (270–275 AD) who fought to regain the European portion that separated from Rome known as the Gallic Empire and in the East defeated Zenobia who established the Empire of Palmyra. Putin’s desire to retake the former nations that were part of the Soviet Union is in accordance with history and would be an exception if it were not true. Therefore, to allow Ukraine to slip out of Russia’s orbit would make Putin no better than Mikhail Gorbachev, who presided over the Soviet empire’s dissolution in 1991 and allowed the very thing he sees as a great geopolitical catastrophe. There can be no question that Putin wants Ukraine to join Russia’s economic attempt to create the offset to the EU with his Customs Union that includes Belarus, Kazakhstan, and soon, Armenia. The Customs Union is his counter economic response to the European Union’s much larger trading bloc. On this score, economics is the battleground. It is true that only after Yanukovych broke off with the EU moving away from a European Union integration accord last November and chose Russia instead that the protests began in Ukraine. Putin applied pressure and Yanukovych responded taking the nation toward the Customs Union rather than the EU that would have no doubt curtailed trade to a large extent and reduced the prospect for greater entrepreneurship in Ukraine. The emergence of small business in Ukraine does not match the oligarchy monopolies inside the Russian economic model. However, this was more the straw that broke the camel’s back than the spark that ignited the revolution. I have explained in the Cycles of War that Russia and Ukraine have deep historical links dating back to the Kievan Rus, from whom the very word “Russia” emerges. They were the days of the 11th and 12th centuries and they are traditionally seen as the beginning of Russia and the ancestor of Belarus and Ukraine. Kiev was the first real capital of Russia before Moscow. Therefore, we have a mother-country complex involved as well. According to the Russian business daily Kommersant, they cited a source in a NATO country’s delegation back in 2008 that reported Putin had told President George W. Bush: “You understand, George, that Ukraine isn’t even a state.” Indeed, Ukraine has been the real mother-country to Russia for most of the last 900 years prior to the collapse of the Soviet Union in 1991. Certainly, parts of what is now called Ukraine have been controlled by many various countries as the borders have constantly change including Poland, Lithuania, the Khanate of Crimea, Austria-Hungary, Germany, in addition to Russia. Putin has often referred to Ukraine as “little Russia.” So clearly, there are serious issues here that warn that the immediate result in Ukraine may not yet be permanent independence. I have suggested that Ukraine split along the language faultline BECAUSE history warns that Russia is not likely to simply fade into the night. This is the ONLY solution that may allow Ukrainian independence and Russia to maintain its pride. Strategically, Crimea, the southern part of Ukraine on the Black Sea, was part of Russia until 1954. At that time, Crimea was given to the Ukrainian Soviet Socialist Republic by the Presidium of the Supreme Soviet, supposedly to strengthen brotherly ties. However, the majority of the population were Russian – not Ukrainian! Therein lies part of the problem. This “gift” of Crimea to Ukraine would be like the USA giving Texas to Mexico and Texans would suddenly all be Mexican. Would they “feel” Mexican or American? There is also Russia’s Black Sea Fleet that is headquartered in the Crimean city of Sevastopol, which is less than 200 miles northwest of Sochi where the Olympic Games are being held. It is hard to imagine that the Ukrainian government could even end that lease without major consequences. Russia would no doubt be forced to move its headquarters east to Novorossiysk, yet this will have a serious geopolitical loss of face. Just last December, Russia proposed a deal of providing cheaper natural gas to Ukraine in exchange for better terms on its lease in Sevastopol. This is another reason there should be serious consideration of a split handing back the Crimea to Russia. With the crisis over Syria that is the Saudi attempt to get a pipeline through Syria to compete with Russia on natural gas sales to Europe, Ukraine also presents a very serious problem for Russia. Natural gas sales to Europe are a key source of foreign exchange for Russia, yet a large portion of that gas actually passes through Ukraine. An independent Ukraine may present an economic threat to Russia if those pipelines were to be shut off. Nevertheless, Gazprom is also hedging its bets by building a new South Stream pipeline that crosses the Black Sea on the seabed from Russia to Bulgaria, bypassing Ukraine. This could relieve that geopolitical-economic threat, but it is not immediate. Clearly, this comes at a time that is serious in light of what the USA and Saudi’s are trying to pull off with the overthrow of Syria pretending they care about human rights when in fact it is all about that pipeline. The Ukrainians really do not “feel“ that they are Russian and they have toppled statues of Lenin everywhere. Why? Historically, Josef Stalin brutally subjugated Ukraine back in the 1930s. He confiscated all the wealth liquidating the farmers that were known as kulaks. The bad feelings concerning Russia run deep in the Western parts while in the East they see themselves as Russians. These feelings run very deep in the region and memories do not fade so easily. We still have the word “vandalize” that comes from the North African Vandals sacking Rome back in 455AD. China still hates Japan for their brutal invasion. These feelings and memories do not really exist in the USA most likely because of the very diverse ethnic backgrounds creating a melting pot rather than one group that remembers another. |
| The Banksters Are In Serious Trouble | Steve Quayle - "V" The Guerrilla Economist Posted: 23 Feb 2014 07:36 AM PST Why are so many bankers being killed? What do they all have in common? Who is next on the list? Steve & V explain on The Hagmann & Hagmann Report. House of Rothschild needs to follow there lead, there will come a time where they wish they had. There will be an economic collapse. Not... [[ 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! ]]  |
| China has cornered gold, GoldMoney's Macleod tells Keiser Report Posted: 23 Feb 2014 07:33 AM PST 10:30a ET Sunday, February 23, 2014 Dear Friend of GATA and Gold: Interviewed this week by Max Keiser on "The Keiser Report" on the Russia Today network, GoldMoney research director Alasdair Macleod elaborates on his recent commentary asserting that most currencies are derivatives of the U.S. dollar and that if dollar creation slows, those other currencies may crash. Macleod adds that China has essentially cornered the gold market, though Western financial analysts don't want to believe it. The interview is not quite 14 minutes long and is posted at You Tube here: https://www.youtube.com/watch?v=J1JK09xRynY CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Jim Sinclair plans seminars in Los Angeles and San Diego Gold advocate Jim Sinclair's next market analysis seminars will be held in Los Angeles from 11 a.m. to 2 p.m. on Saturday, March 8, and in San Diego from 2 to 6 p.m. the following day, Sunday, March 9. Details, including registration information, are posted at Sinclair's Internet site, JSMinset.com, here: http://www.jsmineset.com/qa-session-tickets/ Join GATA here: Mines and Money Hong Kong http://www.minesandmoney.com/hongkong/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT 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. |
| India is key to gold and silver price explosions, Maguire tells KWN Posted: 23 Feb 2014 07:27 AM PST 10:25a ET Sunday, February 23, 2014 Dear Friend of GATA and Gold: London metals trader Andrew Maguire today explains to King World News that India may be key to explosions in the price of both gold and silver: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/23_Ma... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Mines and Money Hong Kong http://www.minesandmoney.com/hongkong/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT How to profit with silver -- Future Money Trends is offering a special 16-page silver report with 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... |
Maguire: "Here is the problem, and why these banks are willing to throw all credibility out of the window (with wrong-footed bearish calls on gold): They are heavily underwater in their physical positions in London, and they are desperate to replace these disappearing inventories….
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