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Sunday, March 30, 2014

Gold World News Flash

Gold World News Flash


NASA Predicts “Irreversible” COLLAPSE of Society

Posted: 29 Mar 2014 11:30 PM PDT

Alasdair McLeod -- The US Blew It In The Ukraine 26.Mar.14

Posted: 29 Mar 2014 10:30 PM PDT

We connected with our old friend Alasdair McLeod of GoldMoney. As he sees it, the US has blown it big time in the Ukraine. Putin is nothing, if not a smart intelligence operative. He knows a CIA operation when he sees one. Now the chickens are coming home to roost for the dollar and they're not...

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CMRE spring dinner is likely to hear plenty about gold

Posted: 29 Mar 2014 10:16 PM PDT

12:14 ICT Sunday, March 30, 2014

Dear Friend of GATA and Gold:

Gold is likely to be a major topic at the spring dinner meeting of the Committee for Monetary Research and Education, to be held Thursday, May 22, at the beautiful Union League Club in New York City.

Among the speakers:

-- Sean Fieler, managing partner of Equinox Partners and chairman of American Principles in Action, the most influential gold money advocacy group in Washington.

-- Ralph Benko, senior advisor to American Principles in Action and editor for the Lehrman Institute's Gold Standard Now project.

-- James Grant, publisher of Grant's Interest Rate Observer.

-- Llewellyn H. Rockwell Jr., chairman of the Von Mises Institute and former aide to U.S. Rep. Ron Paul.

-- Monetary historian and GATA consultant Edwin Vieira Jr.

-- And your secretary/treasurer.

Tickets are $185 for CMRE members and spouses, $195 for others. A reservations form is posted at the CMRE Internet site here:

http://www.cmre.org/reservations/

For more information, please contact CMRE President Elizabeth Currier at CMRE@bellsouth.net.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

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Join GATA here:

Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
2403 Flora St., Dallas, Texas
Saturday, May 31, 2014

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Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 2014

http://cambridgehouse.com/event/25/canadian-investor-conference-2014-inc...

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Or by purchasing a colorful GATA T-shirt:

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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

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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:

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Economic Collapse 2014 -- Current Economic Collapse News Brief

Posted: 29 Mar 2014 07:30 PM PDT

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.

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China & Crimea: Ideals And Reality, Glory And Dreams

Posted: 29 Mar 2014 07:06 PM PDT

Submitted by Yang Hengjun via The Diplomat,

By abstaining on the UN vote on Crimea, China made a good choice. I wonder, is China the most frequent abstainer from UN Security Council votes? Earlier, when China's international clout was lower, abstaining from voting was always interpreted as a sign of helplessness and a desire to avoid trouble. However, now that China has grown strong, the interpretation is different. Now it seems that China is showing its strength and its strategic independence through abstention votes. The policy of "hiding one's strength and biding one's time" is the same way—when China was weak, it was the only choice, but now that China is strong it becomes a conscious, free choice. In the international chess match, the same phrase now has a completely different meaning.

Today we often hear people shout that China should get rid of the policy of "hiding one's strength and biding one's time," because they take Vladimir Putin as their spiritual teacher. They point out that Putin dares to "say no" to the West and to the whole world. In their eyes, "saying no" is the same as abandoning the "hiding and biding" policy. However, the foreign policy of a state should be based on national interests, national security and national stability, and more importantly on economic development and the improvement of people's lives. Who is not able to "say no"? During a time when many Chinese people were starving to death, our whole nation kept "saying no" to the world. Even those countries who wanted to provide aid to us were rejected with a "no." Was it really that great?

Why does Putin want to "say no"? It's because the West has no respect for him. Whether or not Putin "says no" makes little difference on the international stage. His "no" has never brought any benefits to Russia, so why does he keep saying it? The answer is that Putin's "saying no" to the West is directed at a Russian audience—he wants to use this to build up a tough-guy image for himself and arouse the nationalistic mood among the Russian people. Afterwards, he can ensure that he can remain the "elected president" for his entire life. This is Putin's dream.

Since Putin took office in 2000, international oil prices have been soaring. Putin took advantage of his good luck and stylized himself as "Putin the Great" who restored Russia's glory…

Diplomatic relations can be roughly categorized into realism (utilitarianism) and idealism (led by ideology and philosophy). Although realism has been dominant in modern times, idealism has seemingly been everywhere and nowhere. I can distinguish the diplomatic practices of China and U.S. in this way: U.S. is a realist with ideals, while China is a realistic idealist. The "realism" of each country is more or less the same, but the ideals are not. The U.S. adores liberty and democracy while China worships the idea of a socialist democracy with Chinese characteristics. Despite its ideals, the U.S. often makes compromises in its philosophy for practical benefits. And although China is relatively realist, it sometimes makes some concessions in its realism to prioritize principles such as the stability of the state and the leadership of the ruling party.  It's because of such compromises and concessions by the U.S. and China that "new type great power relations" becomes possible.

Russia, however, is a realist through and through. Of course, you can't blame Russia for this…

Nevertheless, realism is not easy. As we all know, realist foreign policy relies on the strength of a state. What kind of strength does Russia have? The money from selling oil may be barely enough to improve people's livelihood and therefore ensure that Putin wins consecutive terms, but this is not enough to impress the international community. But Putin is smarter than anyone else. Without ideals, and without the power to pursue realist goals abroad, Putin wanted to have the people consider him as a hero, to believe that without Putin they would be bullied by foreigners. And the only way to do that was to stoke up nationalism by habitually opposing the West and always having the word "no" on his lips.

That is why Putin has never hesitated in saying "no" to the West, especially the U.S., whenever he could. Although internationally such opposition amounts to nothing, he has enjoyed an increasingly higher reputation among the "Russian people" who grew up under the Soviet Union. In today's Russia, which rarely mentions freedom and democracy but also doesn't dare to raise Soviet ideology, "Putin" has become the "ideology" and "ideal" of the state. At this time, Crimea is just like manna from heaven, a God-given opportunity to Putin.

Putin just has to take Crimea. Meanwhile, considering Russia's national interests and security, annexing Crimea had a hundred benefits and no harms. The West's choices are extremely limited. Putin will never be afraid of military intervention. The Soviet Union was defeated in a clash of ideology and wills, not in real battles. With this in mind, Putin would rather resort to arms than confront the U.S. in a battle of ideals and convictions.

The U.S. knows this, and won't resort to the use of force. As for economic sanctions, oil is the mainstay of Russia's economy and (because shale gas in the U.S. has not started mass production) Russia's oil is irreplaceable. And in terms of trade restrictions, don't forget about China. Without the involvement of China, the world's second largest economy, a country that can manufacture anything except sophisticated weapons (which Russia, incidentally, does make), how can economic sanctions work?

The timing of Russia's confrontation with the U.S. is good for China not only in terms of economy and military "benefits," but even more so in the political dimension. The "new type great power relations" between China and the U.S. is just waiting for a final push—this confrontation from Putin could help the U.S. to become more realistic and more sober-minded. America, don't spend all day thinking about "peaceful evolution" in Beijing—China is just a panda; your "enemy" is a polar bear.

Someone may say that China should take this chance to ally with Russia in confronting the United States. I say to these people, you can't defeat the U.S, so what's the use of wasting human resources, materials, and energy? And allying with Russia is even less appealing—there's no need to, and taking a long-term view there are too many variables to consider. When Putin steps down or dies, Russia will change overnight—at that time, when the Russian people have lost "Putin the Great," will they have any choice other than embracing liberty and democracy? However, China has options and thus doesn't need to tie itself to any great power.

The problems in Crimea are complicated and there's some truth to each side. If you really want to separate right from wrong, you'll probably find that there's not even a unified standard to determine "right" and "wrong." According to the constitution of Ukraine, the referendum of Crimea is certainly unlawful. But just like the pursuit of liberty and democracy, national self-determination can supersede any national constitution. Otherwise, how did so many colonized and newly established nations achieve their independence? And how did the 15 unified republics of the Soviet Union vote to secede regardless of the constitution of Soviet Union?

The complexity of Crimea also comes from this: Putin's merging with Crimea not only broke the pattern of international relations in the post-Cold War era, but also went against the main trend of history in the past 100 years. What main trend of history? As everyone knows, in the past 100 years, almost all the great empires have disintegrated (including China, as when Russia helped Outer Mongolia split off). These empires have broken up into smaller nations. This trend began with colonized areas one by one gaining independence, and continued up until the collapse of Soviet Union. Looking back over many years, Russia's annexation of Crimea is the only case in which a great power acquired so a large piece of territory in an instant (of course, this does not include the large piece of land which was stolen from China's hands by Russia in the past). Only the God who gave this manna to Russia knows what price Russia will pay for this in the future.

The best choice for China in the Crimea problem is to make no choice; the best stance for China is not to take sides. China needs a peaceful international environment. In the future, China should both develop with the U.S. a no-confrontation, no-conflict, win-win "new type great power relationship." But China should also develop a "new type great power relationship" with Russia that is neutral, not an alliance. In addition, China should focus on developing multilateral relationships with Europe, the Americas, and Australia, while at the same time putting more efforts and investing more energy into improving relations with neighboring countries. If those major relationships are well managed, even if the world experiences more "Crimea incidents," how could it have a big impact on China's interests and dreams?

Silver price-fixing conspiracy theorists lose battle but continue war

Posted: 29 Mar 2014 07:00 PM PDT

by Dorothy Kosich, MineWeb.com:

Despite the legal arguments presented by dozens of appellants and their attorneys, the U.S. Second Circuit Court of Appeals ruled that silver manipulation theorists had legally failed to show that JPMorgan had manipulated the silver market.

In a summation issued Thursday, Circuit Judges Robert A. Katsmann, Richard C. Wesley and Denny Chin upheld the decision of Federal Court Judge, Robert P. Patterson, Jr., who ruled in January 2013, that while the appellants' complaint contained many "conclusory allegations", it simply failed to provide the specific factual allegations needed to substantiate their claim.

The class-action lawsuit was originally filed by 44 plaintiffs, who said they lost money because JPMorgan Chase & Company reportedly conspired and agreed to manipulate the prices of Comex silver futures and options contracts.

Read More @ MineWeb.com

COMMODITIES: ANOTHER LEG UP/GOLD SET UP FOR A FINAL TAKEDOWN

Posted: 29 Mar 2014 06:42 PM PDT

As most of you know by now I believe we are going to see a big surge in inflation this year. As I've noted in my previous articles the first leg up in the CRB has run it's course and broken the 3 year down trend that's been in place since 2011. I think it's time for the second leg up in that inflation. 
The two-week dip in the CRB has cleared the overbought conditions from the initial surge and I think we will now get one more push to test that 2012 high before commodities experience a more significant pullback this summer to set up the big inflationary spike I'm looking for during the second half of the year. And don't forget any move above that 2012 high will turn this three year cycle right translated. 
CRB oversold
And don't forget, any move above that 2012 high will turn this three year cycle right translated.
CRB yearly outlook 2
The last three year cycle was also right translated. That is confirmation that the secular bull did not expire in 2009 as some analysts suggest. I believe we still have two more big legs up before the commodity bull is done. One should top at the end of 2014/early 2015 and the last leg up should top sometime around late 2017 or 2018.

Those that want to trade hard assets should probably stick with general commodities for the next few weeks though and leave the metals portfolio alone for now. As far as I can tell, virtually all of the other commodities are trading naturally and I don't foresee a 5000 contract dump in the middle of the night to knock the sugar market back down.
Precious metals on the other hand are being heavily manipulated right now. When gold was turned back down and lost the breakout above the September FOMC manipulation top, that was a warning flag for me to take profits in our metals portfolio. The pre-market attack last Monday to break the intermediate trend line confirmed, at least for me, that the precious metals were again under attack and the forces at work in this market were going to try to extend the bear market. 
gold manipulation events
Notice how gold is now deviating from the rest of the commodity sector. I don't think this would happen in a natural market.
gold CRB deviation
I believe the metals are being set up to take a massive beating when the CRB drops down into its summer correction. During that correction gold will be moving into its yearly cycle low (YCL's are the most damaging correction of the year for any asset). I fully expect the forces controlling the gold market will try to break that double bottom and take gold down to $1050.
Notice that golds yearly cycle is left translated. Left translated cycles more often than not make a lower low. You have to hand it to these guys, they have played the metals market perfectly over the last year and a half. They managed to manufacture a completely artificial bear market, and now that they have turned golds intermediate cycle back down they have set the stage to take gold down to $1050 this summer which has been their goal all along.
summer correction
And I think the motivation for this is the same that it has always been. The profit potential after releasing the gold market, is much greater from the $1000 level than it is from the $1800 level. Make no mistake the entire purpose of this year and a half long bear raid has been to manufacture a lower D-wave bottom, thereby increasing long side profit potential. In the process they've managed to also make some good money on the short side. I think they've also intentionally damaged the physical supply side of the metals market knowing that that would exacerbate the rally once the manipulation was released, and the secular trend allowed to resume.
Not only are these guys have the banking cartel manufactured a very lucrative short trade, they have damaged the physical market enough that we will likely see a huge move from $1050 back to $1800-$2000 over a 4-6 month period once the manipulation is removed at the yearly cycle low.
I think over the next three months J.P. Morgan, HSBC, and Goldman Sachs are going to stretch the rubber band so tight in the metals market that when they finally release it it's going to generate a surge comparable to what we just witnessed in the coffee market. Unlike the coffee market though, the metals market is big enough that these players can take large positions and make serious money off of that move.
gold yearly cycle low and snap back rally
On a more short-term time frame, and confirming my big picture outlook, notice that the bearish engulfing weekly candlestick was confirmed by a strong downside push this week.
gold bearish engulfing candle with follow
I'm up in the air as to whether or not gold is ready to bounce out of its daily cycle low on Monday. Now that I am convinced the manipulation is back in control of this market I just can't trust anything to happen naturally. Heck they already broke the natural daily cycle low that occurred last Thursday and have stretched of this cycle way past its normal duration. There's no telling how long they can make this cycle stretch. $1280 is a logical support zone but they may very well break that just to take out all of the buyers that will likely come in at that level. And while the miners did bounce on Thursday and Friday signaling a possible impending cycle bottom, it's also conceivable that the bounce over the last two days is nothing more than an oversold bear flag that will breakdown quickly.
GDX bear flag
Despite the partial reversal in the GDX weekly candle, the big picture tells us the rest of the story. As you can see any time over the last year and a half that the miners have dropped below their 10 week moving average, especially if it occurs late in an intermediate cycle, it has almost always signaled that an intermediate degree decline has begun. So I wouldn't get my hopes up that the banking cartel is going to release this market and a third daily cycle is going to recover to new highs. I think these guys are intent on pushing gold to $1050, and I think they probably have it set up to accomplish that this summer. Notice how the mining stocks are still making lower intermediate lows, and lower intermediate highs. The sector needed to move above last August's high in order to confirm that the bear market was over, and the cartel aborted that move before it could happen.

The Real Price Of Gold Since 1791

Posted: 29 Mar 2014 06:06 PM PDT

With gold's last few days of weakness being extrapolated to the end of the precious metal once again, we thought a look back at 220 years of military spending, economic growth, presidents, and inflation may be a useful comparison to the 'real' price of gold...

 

 

Source:Visualizing Economics

Russia's Military Begins Nuclear War Drill

Posted: 29 Mar 2014 05:02 PM PDT

Submitted by Zachary Zeck of The Diplomat,

While much Western attention has been bestowed on Russia’s military buildup near Ukraine, Moscow also began a massive nuclear offensive exercise on Thursday.

According to the Russian daily Nezavisimaya Gazeta, on Thursday Russia’s Strategic Missile Forces began a massive three-day exercise involving 10,000 soldiers and 1,000 pieces of equipment from more than 30 units. The major purpose of the drill, according to the report—which cites multiple senior Russian military officers—is to ensure Russia’s Strategic Missile Forces have sufficient readiness to conduct offensive operations involving the massive and simultaneous use of nuclear missiles.

Global Security Newswire previously carried a story on the nuclear exercise, also citing the Nezavisimaya Gazeta article. GSN described the exercise as “as practice for a large-scale nuclear offensive.” It added: “Exercise participants were set to position and prepare missile-firing units for launch, and to practice various administrative and support functions for the operation

As Russia’s conventional military capabilities have deteriorated following the collapse of the Soviet Union, Moscow has become increasingly reliant on operationalizing its nuclear arsenal. This has been reflected in successive Russian security documents. For example, Russia’s 1997 national security concept stated that Russia would use its nuclear arsenal “in case of a threat to the existence of the Russian Federation,” whether that threat came in the form of nuclear weapons or from a conventionally superior military power.

This threshold was further lowered in Russia’s 2000 military doctrine, which was the first released during Vladimir Putin’s presidency. This document said that Russia would use nuclear weapons “in response to large-scale aggression utilizing conventional weapons in situations critical to the national security of the Russian Federation.” This held out the possibility that Russia would use nuclear weapons even if Russia proper hadn’t been attacked. The same doctrine further noted that Russia reserved the right to use nuclear weapons in response to the use of any kind of weapons of mass destruction against it.

Shortly before reassuming the Russian presidency for a third term, Putin reaffirmed the importance he placed on Russia’s nuclear forces in a number of articles and speeches. For example, in an op-ed article in Foreign Policy magazine, Putin wrote: “We will, under no circumstances, surrender our strategic deterrent capability. Indeed, we will strengthen it.”

Thus, this week’s massive offensive nuclear drill is in line with the goals that Russia and Putin have been articulating for well over a decade. It is also consistent with Putin’s recent emphasis on conducting more frequent and sophisticated military drills to improve the combat readiness of Russian military forces. Indeed, Russia conducted a much smaller surprise nuclear drill in October of last year.

Still, the timing of the drill is likely to cause great concern in Western capitals, particularly in Washington. The drill could very well be intended to signal Russia’s resolve over events in Ukraine where Russia has been at loggerheads with the West and the government in Kiev over Moscow’s annexation of Crimea. A very visible reminder of Russia’s substantial nuclear capabilities would make sense for Moscow in a number of different contingencies, including if Russia is intending to move forces deeper into eastern Ukraine, as many currently fear.

For what it’s worth, the Nezavisimaya Gazeta article said there was no connection between the current nuclear exercise and the crisis in Ukraine. As evidence of this, it pointed out that in December of last year the commander of Russia’s Strategic Missile Forces had said that his forces would conduct a large and complicated exercise sometime during 2014. From this, the Russian daily concluded that the drill had been planned for weeks and was completely unrelated to the tensions of Ukraine.

At the same time, it ended the article by noting that testing the readiness of Russia’s strategic forces was especially important in light of the “current reality of the world situation.”

 

Man Censored On CBNC Says Faith In Governments To Collapse

Posted: 29 Mar 2014 03:07 PM PDT

Today the man who had his interview censored and entirely erased out of a CNBC segment warned King World News that faith in governments and central planners is going to collapse. This is a powerful interview with Michael Pento, the man who someone in an ivory tower made the decision to censor this week.

This posting includes an audio/video/photo media file: Download Now

China Owns America -- Bow to your master Obama

Posted: 29 Mar 2014 02:45 PM PDT

ALERT! China can COLLAPSE the U.S. Dollar Right NOW! China's Treasury Holdings Make U.S. Woes Its OwnAccording to the Organization for Economic Cooperation and Development, foreign aid to China totals $2.6 billion a year.films critical of China can face difficulty not only with...

[[ 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! ]]

Gold And Silver ARE Money!

Posted: 29 Mar 2014 10:03 AM PDT

Almost all who read our commentaries know that we place the greatest importance on reading the developing market activity, as best seen in charts, in order to have the closest pulse on what is going on in the market[s]. The reason is because the activity found in price and volume behavior reflects the decisions of all market participants. Smart money leads, the rest follow. What constitutes smart money? Those with the most knowledge and deepest pockets that control what goes on. In the US stock market, it used to be institutional money that drove stocks. For the past few years, it has been the Federal Reserve, through Permanent Open Market Operations, [POMO], and the all of the QEs that have unsustainably propped up stocks.

It’s A Precarious Time For Gold

Posted: 29 Mar 2014 09:50 AM PDT

Past weekend, I remained "on the fence" with regards to which direction gold was headed. Without clear evidence that the weekly (Investor) Cycle had topped, I had discussed how I was warming up to the possibility of this being a late stage 2nd DC, instead of the failed 3rd Daily Cycle scenario I had followed exclusively up to that point.

Whatever the outcome, I maintain the position that it's just too difficult to trade gold on the Long side anymore. I'm glad we're out of positions because this just does not feel or look like an Investor Cycle that is headed higher again. Normally, in an uptrend, sharp drops into DCL's are quickly reversed, as the new Cycle powers higher. But this one has lingered for too long without catching a new Cycle bid and is almost $100 lower.

gold cycles 28 March 2014 price

Specifically, today the equity markets suffered another sharp reversal and bonds soared, both in response to comments made by president Obama and European leaders in response to Russia's actions in Crimea. These flight to safety moves are supposed to be in gold's "wheelhouse", especially so late (Day 34) in a Cycle. A bullish leaning asset would have taken that as a catalyst for a strong rally in a new Cycle. Instead, gold was muted and remained depressed.

Yes, the Cycle count still supports the possibility of a (bullish) Day 34 – 2nd DCL here. But in all honesty, it's not a position one should be taking seriously here because it requires taking a considerable amount of risk. And as I outlined this past weekend, even a DCL right here is no guarantee of strong performance. A 3rd Daily Cycle would need to rally almost $100 just to break new highs and the risk of it falling well short and topping early is very real.

gold price 28 march 2014 price

In addition, we have an interesting development within the miners which should have all gold Longs concerned. With a fairly consistent track record of correlating to market tops, the precious metals miners' bullish percent chart has decisively turned lower. Once the charts of precious metals miners start breaking down like this, then it's almost always associated with Investor Cycle tops.

gold miners price 28 march 2014 price

This is an excerpt from this week’s premium update from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly. Now offering monthly & quarterly subscriptions with 30 day refund. Promo code ZEN saves 10%.

NASA Predicts "Irreversible" COLLAPSE of Society

Posted: 29 Mar 2014 09:08 AM PDT

 NASA has stated what we've all known for some time now. The inevitable will occur at some point in the future. When a society has accumulated too much debt and the wealth is in the hands of too few people, the world will turn upside down. Chaos will occur. Mass civil unrest will take place....

[[ 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! ]]

Gene Arensberg: Comex commercials covering gold shorts in a hurry

Posted: 29 Mar 2014 08:29 AM PDT

10:30p ICT Saturday, March 29, 2014

Dear Friend of GATA and Gold:

Gene Arensberg's Got Gold Report today discloses a huge amount of short-covering in gold futures by commercial traders. Arensberg writes:

"From what we see here and in the positioning of the U.S. banks in futures from last month we have to believe that the gold trade now expects and is positioning for a higher, not a lower gold price in 2014. The sudden, overly large reduction in the producer/merchant gross shorts this commitment-of-traders week is kind of an earthquake in that regard."

Arensberg's commentary is headlined "Comex Commercial Traders Covering Gold Shorts in a Hurry" and it's posted at the GGR Internet site here:

http://www.gotgoldreport.com/2014/03/comex-commercial-traders-covering-g...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Join GATA here:

Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
2403 Flora St., Dallas, Texas
Saturday, May 31, 2014

http://stansberrydallas.com/

Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 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:

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Or by purchasing a colorful GATA T-shirt:

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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

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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

Bill Still - Gold Backed Cryptos?

Posted: 29 Mar 2014 08:17 AM PDT

Are gold-backed cryptos the answer? G. Edward Griffin thinks so. Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.The digital currency Bitcoin promises all these things. And while it's far from...

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Gold Investors Weekly Review – March 28th

Posted: 29 Mar 2014 06:29 AM PDT

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. Gold closed the week at $1,295.27, down $39.43 per ounce (2.95%). The NYSE Arca Gold Miners Index lost 5.23% on the week. This was the gold investors review of past week.

Gold Market Strengths

The Singapore exchange is looking to start a gold trading market that allows for physical delivery into the island nation. The news coincides with reports of gold ETF holdings rising; the SPDR Gold Trust announced an increase in holdings to the highest in three months. With gold prices back near the $1,300 level, an important threshold for price sensitive buyers, there is encouragement for sidelined physical buyers in emerging markets to resume buying.

China's gold imports from Hong Kong rose in February amid increasing demand resulting from the country allowing more banks to import the yellow metal. Net imports for February totaled 109.2 metric tons, which added to the 83.6 tons in January, account for a 140 percent rise relative to the same period in 2013. Similarly, demand in Indonesia, Thailand and Vietnam totaled 300 tons in 2013, a 42 percent increase from 2012. Lastly, the Iraqi Central Bank purchased 36 tons of gold to prop up its reserves, marking the single largest purchase in three years.

Gold Market Weaknesses

Gold traders are bearish as they expect the Fed to keep cutting its stimulus and raising interest rates as the economy strengthens. According to a Bloomberg poll, nine traders expect gold to trade higher next week, while 15 have said they expect gold to trade lower. The reason most frequently cited in the poll related to Fed Chair Yanet Jellen's comments last week which suggested rates would rise in the U.S six months after the end of the bond buying program this fall.

Platinum and palladium fell as striking miners in South Africa eased their pay demands. Despite this advance, a resolution to the work stoppage is not yet in sight as miners continue to demand onerous raises of nearly 100 percent over a four year period. It is estimated workers have forgone more than $403 million in wages since the beginning of the strike action.

Gold Market Opportunities

During a presentation in San Antonio this week, Jefferies Chief Strategist David Zervos commented on gold and the equity market's reaction to Yellen's press conference last week. In his opinion, the Fed's focus on driving real interest rates negative will continue, simply because high real rates deter investments. Just ask Japan which lost two decades while experimenting with high real rates. The Fed will likely raise nominal interest rates, but only when existing inflation can justify them; thus keeping real interest rates flat or negative. Yellen may have brought up the subject at this time because the Fed can see inflation in the horizon. Loan growth, as shown on the loan to deposit ratio below, drives money velocity. Velocity is one of the key components of inflation and was on a downtrend since 2008. This spike in velocity will act as a detonator to the unprecedented $4 trillion monetary base, thus spurring rising inflation.

Rising Loan vs Deposit Ratio Inflation March2014 investing

If the threat of imminent inflation hasn't hit home for you, David Rosenberg, Chief Economist at Gluskin Sheff, brings a cascade of money supply indicators that will have you thinking. According to Rosenberg, since the beginning of the year, M1 money supply has exploded at a 23 percent annual rate, 45 percent over the past four weeks. M2 has risen at 7.3 percent pace, while the M1 multiplier bottomed a month ago, boding well for velocity to pick up. In terms of loan growth, which has accounted for velocity missing in action since 2008, commercial paper and industrial exploded 19 percent. These are crazy numbers according to Rosenberg. The quantity theory of money says that based on the statistics above, inflation may not yet be present, but it is in your future.

Indian gold imports will rebound in the second half of 2014 as a new government eases trade curbs and festivals and weddings spur demand, according to billionaire Indian jeweler T.S. Kalyanaram. Despite the curbs, India accounted for 25 percent of global demand in 2013 according to the World Gold Council, being surpassed by China as the largest gold consumer. According to Kalyanaram, India's demand is nearly 50 percent greater than China's, once you take into consideration the gold smuggling.

Gold Market Threats

ABN AMRO, the largest Dutch bank by assets, raised its 2014 gold forecast to $1,100 from $1,000 arguing changes in in currency forecasts and current market dynamics. The bank, however, left its 2015 forecast for gold at $800 as it believes the U.S. economy will accelerate and yields climb. This is the same bank that issued paper IOUs to investors holding physical gold in its vaults, claiming it was unable to deliver physical gold to clients any longer.

Hedge funds may hesitate from buying more gold after boosting their bets on the metal ahead of the Fed meeting that speculated rates may rise in 2015. A Bloomberg report shows that speculators and other money managers increased their net-long position to the highest level since 2012 ahead of the Fed meeting on March 19.

Financial Times Adviser reviews Dimitri Speck's 'The Gold Cartel'

Posted: 29 Mar 2014 06:27 AM PDT

8:22 ICT Saturday, March 29, 2014

Dear Friend of GATA and Gold:

GATA consultant Dimitri Speck's book "The Gold Cartel" was reviewed this week in the Financial Times Adviser by Simona Gambarini, who calls it "a good read for gold fans" but says "further evidence is necessary to convincingly prove the existence of a gold cartel." Of course GATA has been sending that proof to the Financial Times for years without result or even acknowledgment. It's all still here --

http://www.gata.org/taxonomy/term/21

-- and Gambarini's review is here:

http://www.ftadviser.com/2014/03/27/investments/commodities/book-review-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Join GATA here:

Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
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Saturday, May 31, 2014

http://stansberrydallas.com/

Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 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:

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



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Silver mining stock report for 2014 comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

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The Dying Dollar! China Currency Liberalization to Be a 'Seismic Event'!

Posted: 29 Mar 2014 05:30 AM PDT

Get Rid of the Federal Reserve in North America. It's influence and self serving agenda is that of and comes from a Demonic Destructive nature. Three quarters of the debt owed is interest payments. The Federal Reserve is neither Federal nor does it have any reserve to back up the money that it...

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Gold And Silver Are Money

Posted: 29 Mar 2014 04:11 AM PDT

Almost all who read our commentaries know that we place the greatest importance on reading the developing market activity, as best seen in charts, in order to have the closest pulse on what is going on in the market[s]. The reason is because the activity found in price and volume behavior reflects the decisions of all market participants.

Smart money leads, the rest follow. What constitutes smart money? Those with the most knowledge and deepest pockets that control what goes on. In the US stock market, it used to be institutional money that drove stocks. For the past few years, it has been the Federal Reserve, through Permanent Open Market Operations, [POMO], and the all of the QEs that have unsustainably propped up stocks.

In the Precious Metals, [PM], it has been the US and London central banks colluding to suppress primarily gold but also the silver market, and with gold, the active suppression has been going on for at least the last 50 years, just more blatantly in the past few. It is for these reasons we have turned our focus toward the elites, all related to the Rothschild dynasty, because they control all of the money. All Western money is worthless fiat, but for as long as the masses continue to believe the "emperor is wearing clothes," the elites rely on people turning a blind eye and will get by with their massive Ponzi scheme.

Let us be clear about one thing, and the most important of all to never forget: gold and silver are money, and the truest form of money. Everything else, the fiat Federal Reserve Note, erroneously referred to as the "dollar," the Euro, the Yen, the Swiss Franc, and every other Western form of what passes for a country's currency is worthless paper money, backed by nothing but more worthless paper money. Actually, it is not even paper anymore. Almost all fiat currencies are digitalized, paper being a small percentage.

If you ask most people if they know that fiat currency has no value, they will agree. Yet, those very same people continue to use the intrinsically worthless paper as though it actually had value! In other words, people are willing to imagine the worthless fiat has the [lack of]value the issuing central bank says it does. The kicker is, everyone who uses fiat-with-no-intrinsic-value is a smart person.

Can anyone explain to their 8-year-old son or daughter what fiat currency means?

Parent: "It is paper money used to buy and sell goods and services, but it is not really worth anything."

Son/Daughter: "If it is not worth anything, why use it, and why do other people accept it?"

We cannot justify a worthwhile response without it begging the question, "If everybody else jumped off a cliff, would you, too?"

Parent: "Where is your new bicycle?"

Son/Daughter: "I sold it for $100. See! This man gave me a piece of paper and wrote $100 on it."

Parent: "Are you crazy! Just because someone tells you a piece of paper is worth $100 does not make it true."

This would be a good time to stay away from a mirror.

Living in America, prior to the 1930s, if you went into a bank with a US Treasury Note of any denomination, you could exchange it for gold or silver, for all currency was specie-backed, even the Federal Reserve issue, which circulated side-by-side with US Treasury Notes, [those issued by the US government and not the private corporation known as the Federal Reserve].

After the elites forced the US into bankruptcy in 1933, when FDR declared a bank holiday and shut the system down for several days, when the banks reopened, it was the foreign-owned Federal Reserve that was in charge of the entire banking system, finally. [We add "finally," because that was the objective of the Rothschilds for over 50 years even before 1933, actually longer, but it gets too complicated to explain.]

A man goes into a bank, prior to 1933, and hands over a $100 US Treasury Note, or even a Federal Reserve Note, which also was specie-backed, at the time, and asks for $50 in gold and $50 in silver. No problem.

Sometime after 1933, a man goes into a bank with a $100 Federal Reserve Note and asks for $50 in gold and $50 in silver.

Banker: "Sorry, sir. There is no gold or silver backing for your $100. Would you like two $50 Federal Reserve Notes, instead?"

What happened?

When the Federal Reserve Act was passed, two days before Christmas in 1913, when most politicians were home on holiday, the Act was passed with no opposition by the remaining chosen politicians who stayed on, and were well paid to do so by the Rothschild-backed bankers. And so the most treasonous act against the Constitution was passed.

Here is how the rest of the plan was carried out: The Federal Reserve issued its own currency, also specie-backed, to circulate along with the US specie-backed Treasury Notes. This went on for a few decades, which is a short period of time for the Rothschilds. What happened was, people saw the new Federal Reserve Notes, along with Treasury Notes, but it made no difference because both were equally backed by, and could be exchanged for gold and silver on demand, at any bank.

After 1933, when the Federal Reserve took over control of the money supply, it began to slowly withdraw all US specie-backed Treasury Notes and had them destroyed! Nobody paid attention to the disappearance of the US Treasury Notes because Federal Reserve Notes were the same thing, in their minds, and in reality. This was all planned, decades in advance. It was a part of the Rothschild formula for well over a hundred years even before that.

Something else happened very gradually, over time, and almost immediately after 1933. All Federal Reserve Notes that were specie-backed were also withdrawn from circulation. All of the US Treasury currency issued by the United States government had already been removed and destroyed. All that was left were Federal Reserve Notes, backed by the full faith and credit of the United States. Fiat. Again, people had come to accept Federal Reserve Notes in circulation at the same as Treasury Notes, so when all that was left were the Federal Reserve Notes, it did not matter because people could still buy and sell whatever they wanted and did as in times prior to the financial bait-and-switch.

All the gold and silver owned by the United States government was stolen, taken by the elite-owned Federal Reserve central bank. The central bank controlled the government and the media. The public was fed the kind of news that never let on to what happened during those decades, and the public has since been dumbed down even further in all the other decades to date.

In the 1940s, '50s, and '60s, one often heard the expression, "The dollar is as good as gold." That was another Rothschild-inspired idea to implant in the minds of the people, and it worked. Another popular expression related to the gold stored in Fort Knox. No one ever talks about Fort Knox, anymore, and hasn't for many decades. Why not? All the gold is gone, and the elites do not want to draw attention to what is not there.

Does the US own any gold, at all? Absolutely! But only on paper, if you believe the paper on which it is written. Has anyone seen any hard evidence of gold stored at Fort Knox? "Here it is, right here on this paper."

Can we see the actual physical gold?

"That would be inconvenient, but here it all is, and our ledgers are audited every year."

Hello, Germany, can you hear us now?

A bit of irony that the same people who hold and control Germany's gold got their start in Frankfort, where the wooden"red shield" sign used to hang over the door of Mayer Amshel Bauer, he who changed his last name from Bauer to "Red Sign," or Rotschild.

If a group, not just any group, but one that controls all of the money in existence in the Western world, and also controls all of the governments in the Western World, [almost], is it that far a stretch of one's imagination, [especially for those who believe in paper fiat], to believe that this group of elites can just as easily control the price of gold and silver?

They have for many, many decades, and do so to this day. It may well be that they have had to sell all their holdings to rising Eastern countries, but their grip on nations, and certainly on the powerless people who inhabit those nations is stronger than ever. It will take more time and much more effort to ever get those in power to give up that power.

When we look at the charts, despite the gold community pundits declaring the shortages of and the unprecedented demand for both gold and silver, tell us where in the charts there are any indications of the fundamentals reflecting what so many assert as the "true" value for gold to be in the $5,000 – $10,000 the ounce range, or silver in the $100 – $300 range?

Here are the charts, once again, and our comments. If you see extraordinary bullish signs within them, let us know. We certainly keep looking, but cannot find any needle in these "haystack" charts.

For every valid reason that so many others are advocating the purchase of physical gold and silver, demand, shortages, Chinese buying, exchange disappearing physical, etc, etc, we echo those sentiments and suggest/advise to keep on buying, but hold it personally. However, for more salient reasons, such as discussed in our last several commentaries, as well as this one, there are far more important reasons to buy and hold gold and silver.

They are money.

At some point in the future, and no one knows when, no one, but eventually the unsustainable debt generated by the United States, BIS, IMF, and other central banks, [all of which are insolvent], will collapse. The elites will fight the collapse to the bitter end, likely forcing war to cover their duplicity, and it will get real ugly, maybe even downright dangerous for daily living, not to sound alarmist. One can hope for the best and be prepared for the worst.

Thee is one more trading day left for the monthly charts, but we do not expect there will be any material change, either way, that will alter what is showing right now. The monthly chart reflects the makings for change, but the trend is still down. Forget about $5000 or higher gold, for now. It ain't going to happen any time soon.

The breaking of a down sloping TL does not mean the trend has changed. All it means is that the trend has weakened. Price may have stopped declining, but it could spend many more months moving sideways, and not up, at all. Do not place much emphasis on such an event as a broken TL.

The bearish spacing has not been challenged. The current swing high rally failed to reach, the $1420 -$1430 area, but developing market activity is showing a few clues that may prove more bullish than the market appears.

Within the down channel, the December low stayed above the June low, and price did not even come close to the lower channel line. Instead, price held firmly within the channel and above the 50% portion of it, a sign of strength.

From the December low, gold had a persistent rally for several days straight. March, last bar on the chart, has the look of a key reversal. A key reversal is when price makes a new recent high and then reverses to close lower than the previous bar. It can often be a red flag for longs. However, note the volume for March. It is the highest in 8 months, and it produced a lower close, ostensibly negative.

Stock Market Collapse Economic Meltdown 2014

Posted: 29 Mar 2014 04:00 AM PDT

None of the Wall Street banks are solvent.... THEY ARE MORE ZOMBIE THAN EVER! This is just more cannibalism being played out in the controlled Beast media. Goldman Sachs has something like 40 trillion of derivative exposure against a paltry 118 billion in assets.Allowing the Wall Street banks to...

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Ann Barnhart -- Real Assets Are Your Only Backstop

Posted: 29 Mar 2014 02:00 AM PDT

In this 2nd and final episode, Ann Barnhardt, founder of Barnhardt Capital Management, weighs in on: Bitcoin, silver and gold, livestock, agricultural land ownership, and family self-reliance. Barnhardt then outlines the looming China-Russia alliance and Middle-East realignment as rising...

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Class-action anti-trust suit against London gold fixers draws on GATA consultant's work

Posted: 29 Mar 2014 01:45 AM PDT

3:40p ICT Saturday, March 29, 2014

Dear Friend of GATA and Gold:

Another class-action anti-trust lawsuit against the five international banks operating the London daily gold price fixings was filed this week in U.S. District Court in New York. The lawsuit complains that the daily gold fixing is anti-competitive and collusive on its face, insofar as it involves nominal market competitors communicating privately to set prices, quite apart from any good intentions they might have. The lawsuit draws on the recent studies reported by news organizations raising questions about the London fixing as well as on the recent work of GATA consultant James McShirley, whose study, "The Curious Case of the PM Fix vs. the AM Fix," was published two weeks ago:

http://www.gata.org/node/13775

The suit was brought by the law firm of Berger & Montague in Philadelphia and the New York firm of Quinn, Emanuel, Urquhart, and Sullivan. It is packed with market data analysis and price charts and it's posted at GATA's Internet site here:

http://www.gata.org/files/LondonGoldFixLawsuit03-28-2014.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
2403 Flora St., Dallas, Texas
Saturday, May 31, 2014

http://stansberrydallas.com/

Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 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:

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:

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To contribute to GATA, please visit:

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Alasdair Macleod: China regulates gold too tightly for 'shadow banking system' to play with it

Posted: 29 Mar 2014 01:09 AM PDT

3:07p ICT Saturday, March 29, 2014

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod dismisses speculation that gold has been caught up by commodity financing deals in China. Gold is tightly regulated by the Chinese government, Macleod writes, and it's unlikely that the country's "shadow banking system" would be able to play so fast and loose with it. His commentary is headlined "Chinese Shadow Banking and Commodities" and it's posted at GoldMoney here:

http://www.goldmoney.com/research/analysis/chinese-shadow-banking-and-co...

Sprott Asset Management CEO describes the control of Comex option writers over the gold price during option expiration this week:

http://www.sprottmoney.com/sprott-money-weekly-wrap-up

The TF Metals Report's Turd Ferguson elaborates on evidence that JPMorganChase's long corner on gold on the New York Commodities Exchange is actually a Chinese government position:

http://www.tfmetalsreport.com/blog/5606/time-re-visit-recent-thought-exp...

And there are three more interviews of interest at King World News.

-- Fund manager Michael Pento describes getting censored by CNBC for comments that the financial establishment may have found incendiary:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/28_Sh...

-- Gold fund manager Egon von Greyerz itemizes indications of economic collapse:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/28_Pe...

-- And Hinde Capital CEO Ben Davies provides his views on the prospects for silver:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/28_Ma...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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And for more information call Daniel or Sharon at +44 203 0869200 in the United Kingdom or at +1-302-635-1160 in the United States. Or email them at info@goldcore.com.



Join GATA here:

Porter Stansberry Natural Resources Conference
AT&T Performing Arts Center
Margot and Bill Winspear Opera House
2403 Flora St., Dallas, Texas
Saturday, May 31, 2014

http://stansberrydallas.com/

Canadian Investor Conference 2014
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia
Sunday and Monday, June 1 and 2, 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:

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

Why Gold Is Falling and a Gold Forecast You May Not Like

Posted: 28 Mar 2014 03:59 PM PDT

GoldandOilGuy

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