Gold World News Flash |
- Japanese prosecutors drop charges against TEPCO over nuclear meltdown disaster
- Ukraine: Where the dollar goes to die – Urgent Monday Hagmann & Hagmann Report with financial insider “V” & Steve Quayle
- ALERT! China can COLLAPSE the U.S. Dollar Right NOW!
- The Dollar Has Fallen In 2014
- The Gold Price Closed at $1,311.20, Get Ready for Exceptionally Favorable Buying Opportunities
- The Gold Price Closed at $1,311.20, Get Ready for Exceptionally Favorable Buying Opportunities
- Manipulation Cannot Avoid Gold To Rise Significantly
- Gold leasing and price suppression getting harder for central banks, Rickards says
- Gold Daily And Silver Weekly Charts - Precious Metals Comex Options Expiration on 26 March
- Gold Daily And Silver Weekly Charts - Precious Metals Comex Options Expiration on 26 March
- Hot Money Runs Back into Gold Futures
- Hot Money Runs Back into Gold Futures
- Hot Money Runs Back into Gold Futures
- Junior Gold Mining Stocks to Beat Previous Highs
- As U.S. Lies & Suppresses Gold, Its People Are Getting Crushed
- Gold uptrend to resume, silver ‘to rise faster’ – Phillips
- South African gold miner invests in "made in Lesotho" sushi
- From gold to green, Canadian juniors gone to pot
- Australian river of gold theory for Bendigo gold reef formation
- 600t Singapore silver vault starting as demand climbs
- Hedge funds defy Goldman as gold bears thank Yellen
- Gold Prices Drop Hard as Interest Rates Rise After Weak China Manufacturing Data
- After The Sell-Off: A Bright Spot For Gold
- The Run On U.S. Gold Continues....
- Gold Golden Double Cross and Gold Miner Breadth Oscillator
- Gold’s Golden Cross Not Necessarily Positive Technical Signal
- Gold And Silver Could Be In Trouble
- Profit from the End of the Secret Gold Price "Fix"
- Rickards: China slammed gold down, Bundesbank wants suppression, not repatriation
- Gold Golden Cross Is Not Always a Positive Indicator
- Inflection Points for Gold, Silver and the U.S. Dollar
- Gold Price is Likely to Keep Rallying
| Japanese prosecutors drop charges against TEPCO over nuclear meltdown disaster Posted: 25 Mar 2014 12:00 AM PDT by J. D. Heyes, Natural News
According to reports, there have been no deaths directly tied to radiation leaks following the meltdown and crippling of the plant in the wake of a 9.0 earthquake, which created a massive tsunami that slammed into the plant. However, July 2012 analysis results made by an independent investigative committee established by the Japanese government nonetheless found that the accident was a “man-made disaster” because of shortcomings in the Asian financial giant’s corporate culture, reported the Australian online edition of International Business Times, which continued: | ||
| Posted: 24 Mar 2014 10:56 PM PDT Ukraine: Where The Dollar Goes to die -- Urgent Monday Hagmann & Hagmann Report with financial insider "V" & Steve Quayle 24 March 2014: It's more than money. It's about a real world game of Risk where the stakes are entire nations and their people. Steve Quayle was one of the first... [[ 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! ]]  | ||
| ALERT! China can COLLAPSE the U.S. Dollar Right NOW! Posted: 24 Mar 2014 10:15 PM PDT China is the economic powerhouse that the US claims to be. China owns the debt of the US, it controls Hollywood (Bread and Circus propaganda system), and it's buying up all of the land in sight.These actions may be all that China needs to have the easiest and most calculated takeover of any... [[ 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! ]]  | ||
| Posted: 24 Mar 2014 09:00 PM PDT by David Schectman, MilesFranklin.com:
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| The Gold Price Closed at $1,311.20, Get Ready for Exceptionally Favorable Buying Opportunities Posted: 24 Mar 2014 05:32 PM PDT Gold Price Close Today : 1311.20 Change : -24.80 or -1.86% Silver Price Close Today : 20.043 Change : -0.243 or -1.20% Gold Silver Ratio Today : 65.419 Change : -0.439 or -0.67% Silver Gold Ratio Today : 0.01529 Change : 0.000102 or 0.67% Platinum Price Close Today : 1430.70 Change : 4.80 or 0.34% Palladium Price Close Today : 795.35 Change : 6.60 or 0.84% S&P 500 : 1,857.64 Change : -9.08 or -0.49% Dow In GOLD$ : $256.61 Change : $ 4.36 or 1.73% Dow in GOLD oz : 12.414 Change : 0.211 or 1.73% Dow in SILVER oz : 812.09 Change : 8.44 or 1.05% Dow Industrial : 16,276.69 Change : -26.08 or -0.16% US Dollar Index : 80.060 Change : -0.190 or -0.24% The GOLD PRICE caught an updraught on Friday but hit the skids today, losing $24.80 to close Comex at $1,311.20. Until about 9:30 EST the gold price was fine if lower, trading about $1,325. Then it dropped to $1,315, traded sideways, and fell as low as $1,308.50. Tomorrow and the next day might see the GOLD PRICE climb, but the ultimate target here is [likely] either the meeting of lateral support and the 50 and 200 DMAs around $1,300, or the 50% correction of the December - March rally at $1,287, coinciding with the neckline of gold's upside down head and shoulders traced out November - January. Lo, this is not grist for y'all's panic mill. It's a correction. Normal, after a long rally. Take a deep breath. The SILVER PRICE today lost 24.3 cents and closed Comex at 2004.3c. Like gold, silver was rocking along smoothly between 2010c and 2025c until about 9:30 when the selling struck, taking it down to 2003c. Silver fought back with a rally to 2020c, but the rest of the day wore it down. In the aftermarket it fell even lower than the Comex 1997c low. In silver look for an ultimate (by month's end) target from 1975c to 1945c. More likely is something around 1950c - 1960c, where the downtrend line from April 2013 now intersects. Recall that silver burst through that line on 14 February, so it would be typical for it to kiss back to that breakaway line before it resumes rallying. Another nested target is the 75% correction of the Dec - February rally at 1958.5c. It has already fulfilled a 61.8% correction at 2004c. Silver and gold prices will probably spend most of the rest of March correcting. Soon will come an exceptionally favorable buying opportunity. Watch. Get ready. Markets are teetering back and forth and not even blizzard of new bucks from the Fed can give them rest and direction. Sorta spooky in stocks. On Friday the S&P500 made a double top intraday at 1,883.97 with the 1,883.57 March high. That also flashed the first half of a key reversal (new intraday high for the move with a lower close for the day) and confirmed that as a key reversal today with a lower close. That 1,857.64 close, down 9.08 or 0.49% also fell below the old uptrend line I've been writing about. That ain't all. Since that earlier March top the S&P500 has formed an even-sided triangle -- Friday's high punched above it but Friday's close fell back within it). Today it closed near the bottom boundary of that even-sided triangle.
Dow closed at 16,276.69, lower by 26.08 (0.16%). It has also painted both halves of a key reversal Friday and today, and closed below its 20 day moving average (as did the S&P500). I am biased to expect another peak between now and June, but I can't argue with a chart. This one looks heavy, like a cast-iron kite. Zut alors! The Dow in Metals jumped up today, but struck some provocative points. Dow in gold rose 1.61% to 12.41 oz (G$256.54 gold dollars) and stopped on the 50 DMA (12.41 oz). Could market the upward correction's limit, but no other indicators argue for that outcome except the full stochastics. As we always expect from more volatile silver, the Dow in Silver has moved further, up today by 0.95% to 811.12 oz (S$1,048.72 silver dollars). That's well above its 50 DMA (784.40 oz) and at an old internal resistance line whose lineage would be too complicated to explain. Momentum is up for the nonce, but those who swapped stocks for silver back in June 2001 when the Dow cost 2,562 oz are not much bothered. US dollar index has once again proven true to character and stabbed its friends in the back. Last week it broke bravely upside out of a bullish falling wedge, slammed into its 50 DMA at 80.50, then fell back as fast as it paper legs cloud carry it. Closed today at 80.06, 19 basis points (0.24%) cheaper than Friday. Technically still in an uptrend, but to me remains esthetically and instinctually a piece by Bela Bartok or Marc Chagall. (Call me a Philistine, I don't care. Y'all expect a nacheral born fool from Tennessee would like music that don't muse and pichers that don't picher nothin'? Not likely.) Euro meanwhile appeared to recover from its breakdown last week. It climbed 0.34% to $1.3840. Say what you will, it is a chart I would never buy. Yen moved a giant 0.1% up to 97.82 cents/Y100. Range-bound, and sayeth naught until it closeth over 99.24 or beneath 96.38. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||
| The Gold Price Closed at $1,311.20, Get Ready for Exceptionally Favorable Buying Opportunities Posted: 24 Mar 2014 05:32 PM PDT Gold Price Close Today : 1311.20 Change : -24.80 or -1.86% Silver Price Close Today : 20.043 Change : -0.243 or -1.20% Gold Silver Ratio Today : 65.419 Change : -0.439 or -0.67% Silver Gold Ratio Today : 0.01529 Change : 0.000102 or 0.67% Platinum Price Close Today : 1430.70 Change : 4.80 or 0.34% Palladium Price Close Today : 795.35 Change : 6.60 or 0.84% S&P 500 : 1,857.64 Change : -9.08 or -0.49% Dow In GOLD$ : $256.61 Change : $ 4.36 or 1.73% Dow in GOLD oz : 12.414 Change : 0.211 or 1.73% Dow in SILVER oz : 812.09 Change : 8.44 or 1.05% Dow Industrial : 16,276.69 Change : -26.08 or -0.16% US Dollar Index : 80.060 Change : -0.190 or -0.24% The GOLD PRICE caught an updraught on Friday but hit the skids today, losing $24.80 to close Comex at $1,311.20. Until about 9:30 EST the gold price was fine if lower, trading about $1,325. Then it dropped to $1,315, traded sideways, and fell as low as $1,308.50. Tomorrow and the next day might see the GOLD PRICE climb, but the ultimate target here is [likely] either the meeting of lateral support and the 50 and 200 DMAs around $1,300, or the 50% correction of the December - March rally at $1,287, coinciding with the neckline of gold's upside down head and shoulders traced out November - January. Lo, this is not grist for y'all's panic mill. It's a correction. Normal, after a long rally. Take a deep breath. The SILVER PRICE today lost 24.3 cents and closed Comex at 2004.3c. Like gold, silver was rocking along smoothly between 2010c and 2025c until about 9:30 when the selling struck, taking it down to 2003c. Silver fought back with a rally to 2020c, but the rest of the day wore it down. In the aftermarket it fell even lower than the Comex 1997c low. In silver look for an ultimate (by month's end) target from 1975c to 1945c. More likely is something around 1950c - 1960c, where the downtrend line from April 2013 now intersects. Recall that silver burst through that line on 14 February, so it would be typical for it to kiss back to that breakaway line before it resumes rallying. Another nested target is the 75% correction of the Dec - February rally at 1958.5c. It has already fulfilled a 61.8% correction at 2004c. Silver and gold prices will probably spend most of the rest of March correcting. Soon will come an exceptionally favorable buying opportunity. Watch. Get ready. Markets are teetering back and forth and not even blizzard of new bucks from the Fed can give them rest and direction. Sorta spooky in stocks. On Friday the S&P500 made a double top intraday at 1,883.97 with the 1,883.57 March high. That also flashed the first half of a key reversal (new intraday high for the move with a lower close for the day) and confirmed that as a key reversal today with a lower close. That 1,857.64 close, down 9.08 or 0.49% also fell below the old uptrend line I've been writing about. That ain't all. Since that earlier March top the S&P500 has formed an even-sided triangle -- Friday's high punched above it but Friday's close fell back within it). Today it closed near the bottom boundary of that even-sided triangle.
Dow closed at 16,276.69, lower by 26.08 (0.16%). It has also painted both halves of a key reversal Friday and today, and closed below its 20 day moving average (as did the S&P500). I am biased to expect another peak between now and June, but I can't argue with a chart. This one looks heavy, like a cast-iron kite. Zut alors! The Dow in Metals jumped up today, but struck some provocative points. Dow in gold rose 1.61% to 12.41 oz (G$256.54 gold dollars) and stopped on the 50 DMA (12.41 oz). Could market the upward correction's limit, but no other indicators argue for that outcome except the full stochastics. As we always expect from more volatile silver, the Dow in Silver has moved further, up today by 0.95% to 811.12 oz (S$1,048.72 silver dollars). That's well above its 50 DMA (784.40 oz) and at an old internal resistance line whose lineage would be too complicated to explain. Momentum is up for the nonce, but those who swapped stocks for silver back in June 2001 when the Dow cost 2,562 oz are not much bothered. US dollar index has once again proven true to character and stabbed its friends in the back. Last week it broke bravely upside out of a bullish falling wedge, slammed into its 50 DMA at 80.50, then fell back as fast as it paper legs cloud carry it. Closed today at 80.06, 19 basis points (0.24%) cheaper than Friday. Technically still in an uptrend, but to me remains esthetically and instinctually a piece by Bela Bartok or Marc Chagall. (Call me a Philistine, I don't care. Y'all expect a nacheral born fool from Tennessee would like music that don't muse and pichers that don't picher nothin'? Not likely.) Euro meanwhile appeared to recover from its breakdown last week. It climbed 0.34% to $1.3840. Say what you will, it is a chart I would never buy. Yen moved a giant 0.1% up to 97.82 cents/Y100. Range-bound, and sayeth naught until it closeth over 99.24 or beneath 96.38. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||
| Manipulation Cannot Avoid Gold To Rise Significantly Posted: 24 Mar 2014 03:58 PM PDT Recently, researcher and statistician Dimitri Speck, based in Germany, released his book “The Gold Cartel: Government Intervention on Gold, the Mega Bubble in Paper, and What This Means for Your Future.” The book is available on Amazon and is a must-read. “The Gold Cartel” highlights how central banks have secretly manipulated the price of gold in an effort to calm financial markets and control inflation. Using quantitative analysis of historic gold market patterns, author Dimitri Speck shows how and when central banks intervene in gold markets. Lately, the gold price manipulation has become very actual because of Professor Rosa Metz who points to manipulation in the London Fix. Dimitri Speck, however, has exposed manipulation in the London Fix already in 2002. The method he used back then was minute-to-minute pricing data. It was only till recently, after the Libor scandal, that the awareness of the broad public was opened to manipulation in all sorts of financial assets (currencies, commodities, precious metals, etc). In this interview with Kitco, Mr. Speck highlights some of the topics of his book. Whether the five banks involved in the gold price fixing are rigging the price:
On the traders who argue that the LBMA price fixing manipulation is irrelevant:
On the fair value of gold:
Whether gold is only manipulated downward:
| ||
| Gold leasing and price suppression getting harder for central banks, Rickards says Posted: 24 Mar 2014 03:50 PM PDT 6:53a HKT Tuesday, March 25, 2014 Dear Friend of GATA and Gold: Please accept a summary of items of interest today rather than more detailed explanations, as there's much other work for your secretary/treasurer to do today. Venezuela is enduring still another devaluation: http://in.reuters.com/article/2014/03/24/us-venezuela-currency-idINBREA2... Capital is leaving Russia amid the confrontation over Ukraine and capital controls are feared: http://www.telegraph.co.uk/finance/economics/10720226/Capital-controls-f... A company in Singapore is counting on the de-facto remonetization of silver and is opening a commercial vault for 600 tonnes: http://www.bloomberg.com/news/2014-03-23/silver-vault-for-600-tons-start... King World News has several interviews and commentaries bearing on gold. The Portola Group's Robert Fitzwilson: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/24_Mo... Sprott Asset Management's John Embry: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/24_As... And Ronald-Peter Stoferle of Incrementum AG in Liechtenstein: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/24_Fi... And perhaps most interesting, fund manager, geopolitical strategist, and author James G. Rickards, who seems to be everywhere these days and who today is to speak at the Mines and Money conference in Hong Kong along with your secretary/treasurer, gives an interview to Mexican financial journalist Guillermo Barba in which he gets more explicit than ever about gold price suppression by central banks and sounds very much like GATA. Rickards says: "Central banks still have the ability to manipulate gold prices through gold leasing to commercial banks, which then use the leased gold to sell unallocated gold to customers using leverage. But the demand for physical gold by China and others is making leasing and paper gold transactions more difficult because there is less physical to support the trading and greater risk of default by a market participant who suddenly finds itself unable to obtain physical gold to satisfy some paper contract. All manipulation breaks down eventually because market participants begin to pile on the other side of the trade to test the will and resources of the manipulators. When the current manipulation breaks down, probably in the next year or two, gold will surge higher based on fundamental supply and demand. In that environment prices of $3,000 per ounce would not be surprising, although gold may eventually go to $9,000 per ounce or more if needed to restore lost confidence in the international monetary system." Rickards' interview with Barba is posted at the latter's Internet site, Inteligencia Financiera Global, here: http://inteligenciafinancieraglobal.blogspot.mx/2014/03/jim-rickards-chi... CHRIS POWELL, Secretary/Treasurer 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... Join GATA here: Mines and Money Hong Kong http://www.minesandmoney.com/hongkong/ Porter Stansberry Natural Resources Conference Canadian Investor Conference 2014 http://cambridgehouse.com/event/25/canadian-investor-conference-2014-inc... * * * 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 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 | ||
| Gold Daily And Silver Weekly Charts - Precious Metals Comex Options Expiration on 26 March Posted: 24 Mar 2014 01:48 PM PDT | ||
| Gold Daily And Silver Weekly Charts - Precious Metals Comex Options Expiration on 26 March Posted: 24 Mar 2014 01:48 PM PDT | ||
| Hot Money Runs Back into Gold Futures Posted: 24 Mar 2014 01:37 PM PDT And runs straight out again as the 2014 rebound gets whacked... WONDERING what the hot-money hedge funds are doing with gold? asks Adrian Ash at BullionVault. Chasing it lower and higher, of course. And getting it wrong both ways. Last year saw speculative traders take their bearish betting against gold to 15-year records, just as prices hit rock bottom in midsummer. From there, not even the bears made money in gold. But here in 2014, and with a tidy rebound in gold prices, speculative hedge funds trading futures and options look to have called the turn once again...placing their heaviest bets on gold to go higher just as it had already done that.  Each week, US futures regulator the CFTC gets to know what position big speculators have taken in commodity contracts. The banks, refiners and miners making up the "commercial" side of the industry also spill the beans. Futures brokers have to report what the little guys...the so-called "non-reportables"...are up to, as well. The data are reported on Tuesdays. And last Monday, the day before these latest figures were taken, gold prices hit a 6-month high...both leading and fed by hot money piling in. Wednesday however then saw Federal Reserve boss Janet Yellen cough something about raising interest rates from zero, and earlier than the Fed had said before too. Cue the hot money to get whacked, and get out. Hence the rush of escaping air from gold prices over the last week. Because a big chunk of that peak at $1392 came from hedge funds and other leveraged speculators betting with borrowed money. Overall by last Tuesday, positioning data say, speculative traders in gold futures and options had hiked their bullish betting...both gross and net of the group's bearish bets...to the highest level since November 2012. More urgently, they've clawed back half of the pre-crash peak, starting back in October 2012 when the 2013 dive got started. And most importantly short-term, the net spec long...including the 'doctors and dentists' of small-time private traders...had grown for 11 of the last 12 weeks. Such a long-lived run of bullish betting is unheard of, at least since January 2005. Yes, it marks a huge turnaround in sentiment on gold. But only amongst hot-money traders betting on credit. People buying and selling for full payment remain cautious, if better-disposed to buy gold than in late 2013. The big SPDR Gold Trust for instance, the largest exchange-traded gold fund, has only crawled back to mid-December's level of bullion holdings, owning 816 tonnes to back the value of its shares. Here at BullionVault, the world's largest physical gold and silver exchange online, users as a group were net sellers at the peak last week, buying back on the following drop. Buying gold we think is a smart idea. Chasing the price up...and then down...with gold futures and options is less clever. But it remains an ever-popular way of losing money for aggressive hedge funds and their formerly wealthy clients. Attachments: | ||
| Hot Money Runs Back into Gold Futures Posted: 24 Mar 2014 01:37 PM PDT And runs straight out again as the 2014 rebound gets whacked... WONDERING what the hot-money hedge funds are doing with gold? asks Adrian Ash at BullionVault. Chasing it lower and higher, of course. And getting it wrong both ways. Last year saw speculative traders take their bearish betting against gold to 15-year records, just as prices hit rock bottom in midsummer. From there, not even the bears made money in gold. But here in 2014, and with a tidy rebound in gold prices, speculative hedge funds trading futures and options look to have called the turn once again...placing their heaviest bets on gold to go higher just as it had already done that. Each week, US futures regulator the CFTC gets to know what position big speculators have taken in commodity contracts. The banks, refiners and miners making up the "commercial" side of the industry also spill the beans. Futures brokers have to report what the little guys...the so-called "non-reportables"...are up to, as well. The data are reported on Tuesdays. And last Monday, the day before these latest figures were taken, gold prices hit a 6-month high...both leading and fed by hot money piling in. Wednesday however then saw Federal Reserve boss Janet Yellen cough something about raising interest rates from zero, and earlier than the Fed had said before too. Cue the hot money to get whacked, and get out. Hence the rush of escaping air from gold prices over the last week. Because a big chunk of that peak at $1392 came from hedge funds and other leveraged speculators betting with borrowed money. Overall by last Tuesday, positioning data say, speculative traders in gold futures and options had hiked their bullish betting...both gross and net of the group's bearish bets...to the highest level since November 2012. More urgently, they've clawed back half of the pre-crash peak, starting back in October 2012 when the 2013 dive got started. And most importantly short-term, the net spec long...including the 'doctors and dentists' of small-time private traders...had grown for 11 of the last 12 weeks. Such a long-lived run of bullish betting is unheard of, at least since January 2005. Yes, it marks a huge turnaround in sentiment on gold. But only amongst hot-money traders betting on credit. People buying and selling for full payment remain cautious, if better-disposed to buy gold than in late 2013. The big SPDR Gold Trust for instance, the largest exchange-traded gold fund, has only crawled back to mid-December's level of bullion holdings, owning 816 tonnes to back the value of its shares. Here at BullionVault, the world's largest physical gold and silver exchange online, users as a group were net sellers at the peak last week, buying back on the following drop. Buying gold we think is a smart idea. Chasing the price up...and then down...with gold futures and options is less clever. But it remains an ever-popular way of losing money for aggressive hedge funds and their formerly wealthy clients. Attachments: | ||
| Hot Money Runs Back into Gold Futures Posted: 24 Mar 2014 01:37 PM PDT And runs straight out again as the 2014 rebound gets whacked... WONDERING what the hot-money hedge funds are doing with gold? asks Adrian Ash at BullionVault. Chasing it lower and higher, of course. And getting it wrong both ways. Last year saw speculative traders take their bearish betting against gold to 15-year records, just as prices hit rock bottom in midsummer. From there, not even the bears made money in gold. But here in 2014, and with a tidy rebound in gold prices, speculative hedge funds trading futures and options look to have called the turn once again...placing their heaviest bets on gold to go higher just as it had already done that. Each week, US futures regulator the CFTC gets to know what position big speculators have taken in commodity contracts. The banks, refiners and miners making up the "commercial" side of the industry also spill the beans. Futures brokers have to report what the little guys...the so-called "non-reportables"...are up to, as well. The data are reported on Tuesdays. And last Monday, the day before these latest figures were taken, gold prices hit a 6-month high...both leading and fed by hot money piling in. Wednesday however then saw Federal Reserve boss Janet Yellen cough something about raising interest rates from zero, and earlier than the Fed had said before too. Cue the hot money to get whacked, and get out. Hence the rush of escaping air from gold prices over the last week. Because a big chunk of that peak at $1392 came from hedge funds and other leveraged speculators betting with borrowed money. Overall by last Tuesday, positioning data say, speculative traders in gold futures and options had hiked their bullish betting...both gross and net of the group's bearish bets...to the highest level since November 2012. More urgently, they've clawed back half of the pre-crash peak, starting back in October 2012 when the 2013 dive got started. And most importantly short-term, the net spec long...including the 'doctors and dentists' of small-time private traders...had grown for 11 of the last 12 weeks. Such a long-lived run of bullish betting is unheard of, at least since January 2005. Yes, it marks a huge turnaround in sentiment on gold. But only amongst hot-money traders betting on credit. People buying and selling for full payment remain cautious, if better-disposed to buy gold than in late 2013. The big SPDR Gold Trust for instance, the largest exchange-traded gold fund, has only crawled back to mid-December's level of bullion holdings, owning 816 tonnes to back the value of its shares. Here at BullionVault, the world's largest physical gold and silver exchange online, users as a group were net sellers at the peak last week, buying back on the following drop. Buying gold we think is a smart idea. Chasing the price up...and then down...with gold futures and options is less clever. But it remains an ever-popular way of losing money for aggressive hedge funds and their formerly wealthy clients. Attachments: | ||
| Junior Gold Mining Stocks to Beat Previous Highs Posted: 24 Mar 2014 01:02 PM PDT By Laurynas Vegys, Research Analyst Despite last week̢۪s pullback, the precious metals market is off to an impressive start in 2014. Gold is up 10.6%, silver 4.3%, and the PHLX Gold/Silver (XAU) 17.1%. Gold, in particular, had a great February, rising above $1,300 for the first time since November 7, 2013. | ||
| As U.S. Lies & Suppresses Gold, Its People Are Getting Crushed Posted: 24 Mar 2014 09:40 AM PDT  Today a man who has been involved in the financial markets for 50 years told King World News that as the U.S. lies and suppresses the price of gold, its people are getting crushed. He warned the public is being fed one lie after another by the "Ministry of Propaganda" -- the mainstream media. Below is what John Embry had to say.This posting includes an audio/video/photo media file: Download Now | ||
| Gold uptrend to resume, silver ‘to rise faster’ – Phillips Posted: 24 Mar 2014 08:47 AM PDT Julian Phillips says the fundamentals for gold are strong to the upside and this is without the potential boost from the Ukraine. | ||
| South African gold miner invests in "made in Lesotho" sushi Posted: 24 Mar 2014 08:47 AM PDT Gold Fields hatches a trout harvesting project – from all places Lesotho – to export rainbow trout to Japan. | ||
| From gold to green, Canadian juniors gone to pot Posted: 24 Mar 2014 08:47 AM PDT Sign of the times. A trio of Canadian have-been juniors dominate Venture volume with plans for medical marijuana. | ||
| Australian river of gold theory for Bendigo gold reef formation Posted: 24 Mar 2014 08:47 AM PDT Two University of Tasmania geologists have challenged orthodox thinking around the formation of the fabulously rich reefs that inspired the famous Australian gold rushes of the 19th century. | ||
| 600t Singapore silver vault starting as demand climbs Posted: 24 Mar 2014 08:47 AM PDT Supplier of coins and bars, Silver Bullion, plans to open a 600 metric ton vault in Singapore on the back on growing investor demand. | ||
| Hedge funds defy Goldman as gold bears thank Yellen Posted: 24 Mar 2014 08:47 AM PDT Goldman Sachs and Societe General can thank Janet Yellen for helping to get their bearish forecasts for gold back on track. | ||
| Gold Prices Drop Hard as Interest Rates Rise After Weak China Manufacturing Data Posted: 24 Mar 2014 08:37 AM PDT GOLD PRICES extended last week's drop throughout Asian and London trade on Monday, hitting the lowest level since mid-February at $1311 per ounce as US interest rates rose on the Treasury market and the Dollar edged higher. Silver mapped the drop in gold prices, also losing 1.5% from last Friday's finish to trade at 5-week lows of its own at $20.08. European stock markets fell the same proportion, but copper rallied from this month's 10% plunge to 44-month lows despite new data showing Chinese manufacturing activity shrinking yet again in March. China's HSBC/Markit manufacturing PMI gave its lowest reading since July, and lagged analyst forecasts for the third month running. US manufacturing, in contrast, continued to expand near the fastest pace in 12 months on the same analysis. "We continue to find it difficult to see the rally [in gold prices] as sustainable in the absence of strong physical demand from Asia," says the latest note from commodity analysts at South Africa's Standard Bank. "We also believe that real interest rates in the US will continue to rise," Standard Bank analyst Walter de Wet goes on. "The relationship between real long-term interest rates in the US and the gold price is strongly negative." Ten-year US bond yields rose further on Monday, pushing up to 2.75% as Treasury debt prices fell. Consumer price inflation in the US was last pegged at 1.1% annually on the official measure. Last week the new US Federal Reserve chairwoman Janet Yellen said overnight US rates could be raised from zero in late 2015, earlier than previous Fed forecasts. "People don't want gold in a rising interest-rate environment," Bloomberg quotes David Meger, heads of metals at Vision Financial Markets. "While concerns about Crimea remain, there has been no escalation in violence for people to jump back into the safe-haven asset." Kiev's interim government today ordered the last of Ukraine's armed forces to leave Crimea, citing "Russian threats to the lives of military staff and their families." Hitting a new 6-month high only last Monday at $1392, gold prices have since dropped almost 6% against the Dollar. "Physical demand for gold in Europe as well as Asia remains cautious," says German refining group Heraeus in its latest weekly update. Short-term interest rates today rose further in China – the world's No.1 gold mining and consumer nation – extending the longest stretch of rate rises since last summer's sharp "credit crunch" spikes. Prices on the Shanghai Gold Exchange meantime slipped in quiet trade, but didn't fall as fast as international prices quoted for London delivery. That flipped Shanghai prices to a premium over London gold bullion for the first time in 12 sessions, reversing a discount of $8 per ounce seen at the peak in gold last Monday. | ||
| After The Sell-Off: A Bright Spot For Gold Posted: 24 Mar 2014 07:45 AM PDT Gold and silver prices gave back a good portion of their year-to-date gains after Crimea’s secession vote came and went without any further geopolitical turmoil, and then the Federal Reserve surprised investors by indicating interest rate hikes could come sooner than expected. Both of these developments were decidedly negative for precious metals and cut short [...] | ||
| The Run On U.S. Gold Continues.... Posted: 24 Mar 2014 07:26 AM PDT So where is China getting all of its gold? One of the large sources turns out to be the United States. The U.S. experienced another record year of net gold exports in 2013. Not only were gold exports at record levels, imports into the U.S. fell nearly half compared to 2010. If we look at the chart below, U.S. gold exports in 2010 were 383 metric tons (mt), however by 2013, they increased 81% to 692 mt. In addition, U.S. gold imports fell 48% from 604 mt in 2010 to 313 mt in 2013. | ||
| Gold Golden Double Cross and Gold Miner Breadth Oscillator Posted: 24 Mar 2014 07:15 AM PDT Denaliguide Summit writes: GOLDENLY DOUBLE CROSSED & "ROYALLY SCREWED"? Just like one of the hopeless heroines ("Reign", Episode 13) in a TV series I think we the PM Investing Public have been nakedly screwed in front of the entire world, looking on and snickering as we lie there supine and helpless as the KING OF FRAUDS, CRIMEX, IMO, has his way with us. The KING of FRAUDS has been painting a picture for everyone to see, whilst debauching every PM Investor with every price it paints. | ||
| Gold’s Golden Cross Not Necessarily Positive Technical Signal Posted: 24 Mar 2014 07:08 AM PDT An exciting major event is about to occur in the precious metals arena this very week and you will no doubt see many references to it and that is formation of Golden Cross. Gold bugs including me will be looking for this event to become the ignition for gold to rally to much higher ground. We will commence with a definition of a Golden Cross as defined by Stockcharts.com: A signal where the shorter moving average moves above the longer moving average. Usually, this term is associated with the 50-day moving average crossing above the 200-day moving average. There is also an opposite and negative event known as the Cross of Death; this is when the shorter moving average moves below the longer moving average, for example, the 50dma crossing below the 200dma. The Golden Cross
As we can see on the above chart a golden cross is about to be formed this week. However, before we bet the ranch on gold prices making a moon shot we might want to take a look at what happened when this cross appeared previously on the gold chart. It took place around September 2013 and as we can see things turned to custard with gold prices peaking and then falling from $1650/oz to $1200/oz in June 2014. This week's Golden Cross is occurring at a much lower level and should be very positive for gold, but don't count on it. The RSI has left the overbought zone and is heading south. The MACD has formed a negative crossover and is now also heading south. It should also be observed that gold prices managed to form a new 'higher high' recently but was unable to hold it for more than a few days, which is disappointing as it suggests weakness. The Precious Metals Mining Stocks If you take a quick look at the Gold Bugs Index, the HUI you can see that it more or less followed gold. In 2013 the HUI was standing at around the 500 level, it went on to fall to around the 200 level, slashing more than 50% off the value of the gold mining stocks, a gut wrenching experience for those who were heavily invested in this sector. Conclusion Technical analysis is not a perfect science and as investors we should not rely on any one indicator on which to predicate our trading strategy. Even when we have a situation where a number of technical indicators appear to be lining up with each other is it very important to have a good grip on the big picture and a good understanding of the fundamentals. The fallout from the Ukraine, Janet Yellen's tapering programme, the continuing purchases by the Chinese, to mention just a few, are all playing key roles in gold's progress. The gold market was a profitable sector to be invested in for over a decade or so, but the last two years this has not been the case, so great care and patience is now the order of the day. We are hunting for what we think are bargains in the mining sector in anticipation that the bottom may not be in yet and a final capitulation may still lie ahead of us. To that end we are largely in cash, but are buyers when we think that a stock has been sold off too aggressively and therefore offer us great value. Although I am not a big fan of the US Dollar it has to be noted that it did outperform gold, silver and the miners in 2013 by a long way We will keep most of our gun powder dry and wait until we are absolutely certain that this bear phase is over before adopting a more aggressive stance on the acquisition trail. We are weary of this bear phase and we will trade accordingly until this bear goes into hibernation. Got a comment, fire it in, especially if you disagree, the more opinions that we have, the more we share, the more enlightened we become and hopefully the more profitable our trades will be.
Bob Kirtley | bob@gold-prices.biz | www.gold-prices.biz | ||
| Gold And Silver Could Be In Trouble Posted: 24 Mar 2014 07:01 AM PDT It appears the easy money has been made off the 2013 lows and I just don`t know how much gas the metals have left. Up until today I was open to the idea that Gold has bottomed but if we don`t find support on near the daily RSI on gold then I think we`re heading back to the lows. It`s too early to make that conclusion as Gold will at least have an attempt to take our recent highs and if it fails there then it`s going to be tough for gold traders. If it breaks and closes above that level then this will likely trade up to the $1400-1460 range before any meaningful resistance.
Silver`s chart is just a mess and it`s difficult to discern any real pattern or price targets from this sloppy trading. Silver hasn`t confirmed this move in Gold and this is one of the reasons I`m leaning to the notion of the metals revisiting the lows.
You can mirror Jeff`s trades using Ditto Trade. To see his statistics and learn more click here. | ||
| Profit from the End of the Secret Gold Price "Fix" Posted: 24 Mar 2014 06:56 AM PDT Peter Krauth writes: For nearly 100 years the London gold price fix has been widely used as an industry benchmark. Its goal was to determine a price for gold that bullion dealers, jewelers, miners, and central banks could use to value their metal. | ||
| Rickards: China slammed gold down, Bundesbank wants suppression, not repatriation Posted: 24 Mar 2014 06:50 AM PDT 9:46p HKT Monday, March 24, 2014 Dear Friend of GATA and Gold: Fund manager, geopolitical strategist, author, and eminence grise James G. Rickards has given what seems like his best interview ever -- to GATA's Dutch friends, China gold researcher and consultant Koos Jansen and the entrepreneur and author Willem Middlekoop. Jansen and Middlekoop get Rickards to argue that China was likely the instigator of the smashdown of the gold price last April and that the German Bundesbank does not really want to repatriate its gold from the Federal Reserve Bank of New York because the Bundesbank wants to engage in gold price suppression that can be done only by leasing gold in New York, not in Frankfurt. There's much else of interest in the interview, which is posted at Jansen's Internet site, In Gold We Trust, headlined "Jim Rickards on the Death of Money": http://www.ingoldwetrust.ch/interview-jim-rickards-on-the-death-of-money 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/ Porter Stansberry Natural Resources Conference Canadian Investor Conference 2014 http://cambridgehouse.com/event/25/canadian-investor-conference-2014-inc... * * * 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... | ||
| Gold Golden Cross Is Not Always a Positive Indicator Posted: 24 Mar 2014 03:32 AM PDT An exciting major event is about to occur in the precious metals arena this very week and you will no doubt see many references to it and that is formation of Golden Cross. Gold bugs including me will be looking for this event to become the ignition for gold to rally to much higher ground. We will commence with a definition of a Golden Cross as defined by Stockcharts.com: A signal where the shorter moving average moves above the longer moving average. Usually, this term is associated with the 50-day moving average crossing above the 200-day moving average. | ||
| Inflection Points for Gold, Silver and the U.S. Dollar Posted: 24 Mar 2014 03:27 AM PDT As we all know last week was a tough week in the PM sector. The real question we have to ask is whether this was just a short term correction in the uptrend that started at the December low or is this the end of the three month rally? We’ll look at some charts to see if we can answer this question. Lets start with the BPGDM chart that I showed you last week which was real close to giving a sell signal. We were just waiting for the 5 dma to cross below the 8 dma to confirm the sell signal. We got that last Friday so it’s officially on a sell signal now. The red circle shows the BPGDM is down to 36.67 with the 5 dma at 39.33 and the 8 dma now the highest at 40. This is the alignment we want to see for a sell signal. | ||
| Gold Price is Likely to Keep Rallying Posted: 23 Mar 2014 11:29 AM PDT Steve McDonald writes: If you have followed me for any amount of time, you know I am all over anything that has to do with food: seed, fertilizers, chemicals, processors. You name it, I like it. The newest name in this absolutely essential worldwide business is FMC Corp. (NYSE: FMC). They are about to split their company into two segments. The new company will be made up of their fast growing agricultural side. The remaining business will be the more cyclical lithium and soda ash operations. |
In a move that has shocked many inside and outside of the country, three years after the March 2011 nuclear reactor meltdowns at the Fukushima power plant, Japanese prosecutors have decided to drop all charges against Tokyo Electric Power Co., or TEPCO, which essentially means that no one will be held responsible for the disaster and its aftermath.
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