Gold World News Flash

---

• Palladium Surges 5.5% In 5 Days On Russia Supply Concerns
• Gold Daily and Silver Weekly Charts – They Make a Desert, and Call It Peace
• The Photo That Reveals Why US and EU Bankers Despise Russia's Putin So Much
• Ammo Rush To Begin Again: Russia Halts Soviet Ammunition Exports to the US!
• US Dollar Collapse, Beijing, Moscow & The Ascendancy Of Gold
• Louise Yamada - 3 Incredibly Important Gold & Silver Charts
• The Dying U.S. Dollar & The Next Economic Crash – Jeff Nielson (Bullion Bulls Canada)
• London Gold Fix Days Could Be Numbered?
• Gold Price Fails to Rally
• Mike Rivero - A Russian Dollar Dump could Crash The US Economy
• The Gold Price Gained $2.40 and Ended at $1,340.20
• The Gold Price Gained $2.40 and Ended at $1,340.20
• No legitimate claim to $10 million California gold find, firm says
• Gold Almost Back In Long Term Trendline
• Rick Rule: Gold Is A Store Of Wealth In A Mechanism Other Than Fiat Currency
• Gold Daily and Silver Weekly Charts - They Make a Desert, and Call It Peace
• Gold Daily and Silver Weekly Charts - They Make a Desert, and Call It Peace
• Full-Spectrum War, Peak Complexity, and Real Assets
• Bernanke begins trading on Fed service, and maybe its secrets
• Russia and China nudging the world away from dollar and toward gold, Stoferle says
• Koos Jansen interviews Goldbroker's Fabrice Drouin Ristori
• Germany, Russia, China & A New Golden Global Currency
• India Gold Curbs Tighten Even as Minister Says "Need to Ease"
• India Gold Curbs Tighten Even as Minister Says "Need to Ease"
• Please forgive that 'fax message' spam
• London gold broker says swings in prices no sign of manipulation
• IMF: Wealth Inequality Harms Economies
• Michel Chossudovsky -- Global Warfare & Economic Collapse 2014
• Another Big Move Up Coming in Gold Mining Shares
• Russian Dollar Dump Could Crash Financial System-John Williams
• A Historic Event Has Taken Place In The Gold Market
• US Dollar Collapse, Beijing, Moscow & The Ascendancy Of Gold
• Gerald Celente & Peter Schiff -- Economic Meltdown 2014 Financial Collapse
• US deep storage gold reserves bar list made public
• Gold Price Spikes on Weak US Jobs Data as US-Russia Meet Over Ukraine, Holds Tight Range as China Faces "Bear Stearns Moment"
• ANOTHER BIG MOVE UP COMING IN MINING SHARES
• New York trader sues London gold fix banks, charging manipulation
• WARNING -- Russia Will Dump The Dollar if Sanctions Are Imposed
• Bank of England suspends employee as notes show currency rig concerns from 2006
• Wednesday Morning Links
• Russia Warns it Will Stiff Banksters and Dump The Dollar
• PDAC 2014 Underscores Muted Sentiment towards Gold Stocks
• Stupid Gold Standard Advocates
• Stupid Gold Standard Advocates
• Risk Control in Gold & Juniors Miner Stocks
• Risk Control in Gold & Juniors Miner Stocks
• The Securitization Fraud That Collapsed the U.S. Housing Market - JPMorgan Chase Mortgage Fraud
• Ron Struthers: The Juniors Are Forging the Path Forward
• Ron Struthers: The Juniors Are Forging the Path Forward
• Ron Struthers: The Juniors Are Forging the Path Forward

Palladium Surges 5.5% In 5 Days On Russia Supply Concerns Posted: 06 Mar 2014 12:35 AM PST   Gold fell $2.36 to $1332.74 in late Asian trade before it rallied back to $1341.79 by early afternoon in New York, but it then fell back off into the close and ended with a gain of just 0.17%. Silver climbed to $21.314 in London, but it then fell back off in late trade and ended with a loss of 0.09%. Gold traded below its highest level in more than four months as tension between Ukraine and Russia eased leading to traders taking profits on gold.   Palladium, 1994 to March 2014 - (Bloomberg) Palladium climbed for a fifth day and jumped to an 11 month high. Palladium for June delivery rose  0.7% to $769/oz. Palladium has gained 5.5% during the last five days of the crisis and is up 7.9% year to date. There are real concerns that that any economic sanctions against Russia could disrupt exports of the precious metal from the world's largest producer and exacerbate an already tight supply situation. The risk of supply disruptions from Russia come at a time when the market was already dealing with reduced palladium supply as a result of a nearly six week-old strike in South Africa's platinum-group-metals mining sector. According to Bloomberg Industries analysts Kenneth Hoffman & Oliver Nugent, "any sanctions imposed by the EU and the U.S. on the export of Russian palladium group metals would create a serious supply shortage that may be difficult for industries to replace." This year will show the third consecutive deficit year in global palladium supply, according to a BI survey of analysts. Russia provided 44% of global palladium supply and 13.6% of platinum last year, according to Johnson Matthey. According to BI, "a pick up in China's demand for platinum group metals may offset any sanctions imposed on Russia by the U.S. and European Union. An increase of 26% sequentially in platinum imports by China in November suggests that domestic supplies are depleting. Russia has typically provided about 30% of China's palladium imports and China may need to increase imports from the country as labor disputes in South African mines continue to affect production." Tensions have eased but the crisis is far from over. Russia is the world's largest energy producer and Ukraine hosts a network of strategic pipelines that carry more than half of Russia's gas exports to the EU. So, any conflict between the two countries threatens oil and gas supplies and puts Europe's energy security and indeed economic recovery at risk. Russia and Ukraine together account for roughly 40% of global grain exports, mainly wheat. Russia is also a large corn exporter and a conflict would likely lead to food and energy price inflation. Ore deposits of palladium are rare and are mostly located in Russia and South Africa. Russian resource nationalism, as has been seen with natural gas, could lead to supply disruptions and to palladium going higher in the coming months. Some analysts believe palladium may be in deficit for most of the next decade as Russia depletes stockpiles. Also, industrial uses and investment demand for the precious metal looks set to increase. The 7 Key Bullion Storage Must Haves A diversification into precious metals remains prudent and will again protect investors, both retail and institutional, pensions owners and savers, over the medium and long term. However, this is only the case if bullion owned is physical bullion coins and bars and not digital, pooled, or paper formats. Fully segregated and allocated coin and bar storage remains the safest way to own bullion. Download your copy of 7 Key Allocated Gold Storage Must Haves here.

Gold Daily and Silver Weekly Charts – They Make a Desert, and Call It Peace Posted: 06 Mar 2014 12:30 AM PST from Jesse's Café Américain: “Plunderers of the world, when nothing remains on the lands to which they have laid waste by wanton thievery, they search out across the seas. The wealth of another region excites their greed; and if it is weak, their lust for power. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich. Robbery, rape, and slaughter they falsely call empire; and where they create a desolate wasteland, they call it peace.” Tacitus, Calgacus’ Speech from Agricola Perhaps Calgacus was anticipating the rise of the predatory financial class and their Banks. They seem to be almost unparalleled in their global power and reach, as well as their lack of self-awareness, and arrogance. Read More @ Jessescrossroadscafe.blogspot.ca

The Photo That Reveals Why US and EU Bankers Despise Russia's Putin So Much Posted: 06 Mar 2014 12:06 AM PST Below is the photo that reveals why US and EU bankers despise Russian President Putin so much. As a quick experiment, type "Obama, gold" and "Cameron, gold" into Google images and conduct a search. You will discover that theses searches come up empty. Any similar photos to the one below by US President Obama or UK Prime Minister Cameron would be a massive betrayal of their puppet masters - the BIS, the IMF, the World Bank, the ECB, the BOE and the Federal Reserve.   Simply put, physical gold and physical silver are real money. The US dollar and the euro are not.    Russian President Vladimir Putin displays his fondness for gold     And in case you've missed them, our most recent SmartKnowledge videos are listed below:   What Bankers Want With Ukraine The History of Gold and Silver Clearly Tell Us Where it is Heading in the Future Another JP Morgan Banker Dead: It's DefCon1 for the Criminal Banking Industry Connect the Dots: The Power of the Lone Dissenter to Bring About Change What the Chinese Yuan is Telling Us is Coming   Subscribe to the SmartKnowledgeU YouTube channel here and follow us on Twitter here.

Ammo Rush To Begin Again: Russia Halts Soviet Ammunition Exports to the US! Posted: 05 Mar 2014 11:02 PM PST from Silver Doctors: In the wake of the Sandy Hook tragedy and fears of new control control legislation from the Obama administration, extreme shortages of ammunition have been sustained over the past 12-24 months, as panicked Americans have raided the shelves of Cabelas and gun-shows across the country buying literally every round they can get their hands on. Combined with multi-billion round purchases from gov't 3 letter acronyms such as the DHS and FBI, (including even the USPS and IRS), the shortages have continued even as manufacturers have responded by drastically increasing production. Over the past 6-12 months, shortages of some calibers such as 7.62 used in the popular AK-47 semi-automatic weapon have been alleviated somewhat via massive imports of Russian production. That is about to change. Read More @ SilverDoctors.com

US Dollar Collapse, Beijing, Moscow & The Ascendancy Of Gold Posted: 05 Mar 2014 09:40 PM PST from KingWorldNews: Silent Farewell To The Petrodollar? "When the dollar collapse comes, it will happen two ways: gradually then suddenly. That formula, famously used by Hemingway to describe how one goes bankrupt, is an apt description of critical state dynamics in complex systems. The gradual part is a snowflake disturbing a small patch of snow, while the sudden part is the avalanche. The snowflake is random yet the avalanche is inevitable. Both ideas are easy to grasp. What is difficult to grasp is the critical state of the system in which the random event occurs.” Jim Rickards, Currency Wars As already discussed in my previous pieces, the voices critical of US dollar hegemony have become increasingly louder. Ronald Stoferle continues @ KingWorldNews.com

Louise Yamada - 3 Incredibly Important Gold & Silver Charts Posted: 05 Mar 2014 09:01 PM PST With fears about geopolitical tensions and major markets on the move, today King World News is pleased to share a piece of legendary technical analyst Louise Yamada's "Technical Perspectives" report. Yamada is without question one of the greatest technical analysts Wall Street has ever seen. This information is not available to the public and we are grateful to Louise for sharing her incredible work with KWN readers globally. This posting includes an audio/video/photo media file: Download Now

The Dying U.S. Dollar & The Next Economic Crash – Jeff Nielson (Bullion Bulls Canada) Posted: 05 Mar 2014 08:30 PM PST from DEMCAD:

London Gold Fix Days Could Be Numbered? Posted: 05 Mar 2014 07:40 PM PST by Lawrence Williams, MineWeb.com Perhaps the clue to the argument should be in the name – the Gold Fix or Fixing – the daily meetings between the five bullion banks which set the London agreed gold price morning and afternoon, which much of the gold market uses as benchmark pricing. The silver price is 'fixed' similarly once per day. One of the definitions of the word fix from the Oxford Dictionary is, "A dishonest or underhand arrangement", and, while the London Gold Fix dates back to 1919, the word and this is perhaps a more modern interpretation of the word , it does thus have connotations which may in itself raise doubts about the financial integrity of the overall process. Read More @ MineWeb.com

Gold Price Fails to Rally Posted: 05 Mar 2014 06:09 PM PST Briefly: In our opinion short speculative positions (half) in silver and mining stocks are justified from the risk/reward perspective. We are closing half of the long-term investment position in gold. As you know, we had been expecting the tensions in Ukraine to cause a significant rally in gold (not necessarily in the rest of the precious metals sector). Not only wasn't that the case on Monday - the rally indeed took place, but it was rather average, but gold managed to decline on Tuesday while there was no visible improvement in the situation in Ukraine and on the Crimea peninsula.

Mike Rivero - A Russian Dollar Dump could Crash The US Economy Posted: 05 Mar 2014 05:52 PM PST What Really Happened Radio Show: Michael Rivero Wednesday March 5 2014: (Commercial Free Video) Michael Rivero is the webmaster of http://whatreallyhappened.com/ and host of the What Really Happened radio shows on the Republic Broadcasting Network. Formerly with NASA, Michael transitioned his... [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

The Gold Price Gained $2.40 and Ended at $1,340.20 Posted: 05 Mar 2014 05:02 PM PST Gold Price Close Today : 1340.20 Change : 2.40 or 0.18% Silver Price Close Today : 21.239 Change : 0.051 or 0.24% Gold Silver Ratio Today : 63.101 Change : -0.039 or -0.06% Silver Gold Ratio Today : 0.01585 Change : 0.000010 or 0.06% Platinum Price Close Today : 1476.00 Change : 12.80 or 0.87% Palladium Price Close Today : 72.65 Change : 8.95 or 14.05% S&P 500 : 1,873.81 Change : -0.01 or 0.00% Dow In GOLD$ : $252.35 Change : $ (1.00) or -0.40% Dow in GOLD oz : 12.207 Change : -0.049 or -0.40% Dow in SILVER oz : 770.29 Change : -3.54 or -0.46% Dow Industrial : 16,360.18 Change : -35.70 or -0.22% US Dollar Index : 80.140 Change : -0.030 or -0.04% The GOLD PRICE gained $2.40 and ended at $1,340.20. The SILVER PRICE gained 5.1 cents to close Comex at 2123.9c. I can't make up my mind any more than silver and GOLD PRICES can how far a correction might go. Gold's MACD is about to signal "sell" and silver's already has. Stochastics are rolling over downward. All that suggests the reaction has started, but tells us nothing about how long or how far it will carry. In any event, almost all the evidence argues that the lows are behind us with the double bottom seen as December ended. Thus the next big move should be up. Sometimes I wonder why I bother trying to figure all this out. After all, the END is sure. History teaches -- and whales the tar out of those who won't learn -- that fiat money schemes always end catastrophically. Why do Americans think they are the exception? Because we grow such clever central bankers? Because we're so nice? Because we have Dancing with the Stars? None of that changes the iron laws of reality, and the iron law is that creating money out of thin air ends catastrophically. Now I ain't no more'n a nacheral born fool from Tennessee but when I saw this headline, "EU offers Ukraine $15 billion over 7 years to avert default," my little pea-brain fell a-working. Friend of mine once told me when you don't understand what was going on, you jus' FOLLOW THE MONEY. So, what is Ukraine gonna default on? Bonds, I reckon. And who likely owns them bonds? Banks, I reckon. So if I follow this money-trail like any good tracking dog, I tree a banker! The EU is offering to bail out the banks so they can give in to Putin and keep the gas flowing under Ukraine to Berlin, Brussels, and Paris. But folks, this ain't "working for whirled peas," this is just another sample of bailing out the banks, the real rulers of our world. Ain't y'all glad that y'all have the honor of keepin' them bankers up in the style they're used to? Hey, pass them collards, Mama! We can't afford no fatback in 'em cause the bankers need caviar. On Wall Street today sobriety broke out. Dow continues to lag and lost 35.7 (0.22%) to 16,360.18. S&P500 lost only 0.1 (0.01%) to 1,873.81. (Who could tell?) Several cycles point to tomorrow as a turning day, so watch out. With stocks inching down and silver and gold inching up, the Dow in Metals backed off today. Yesterday's rise in the Dow in Gold took it to the downtrend line and above the 20 DMA, but today it fell away and ended below the 20 DMA at 12.19 oz (G$251.99 gold dollars), down 0.66%. I'm still bracing for reaction rally, but may be disappointed if stocks peak or turn down tomorrow, as I expect. Dow in Silver dropped 0.31% or 2.42 oz to 771.89 oz. It remains above its 20 DMA but a long ways below it downtrend line. The flakey US Dollar Index lost 3 basis points (0.04%) to 80.14. In spite of hopeful economic statistics today, the euro dropped 0.06 to $1.3733. In the last four months the euro has painted the chart with double peaks at $1.3847 and $1.3824. Looks like their banks need more subsidies. Yen keeps moving sideways. Lost 0.08% today and ended at 97.71 cents/Y100, sliding beneath its 20 DMA. 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 Gained $2.40 and Ended at $1,340.20 Posted: 05 Mar 2014 04:52 PM PST Gold Price Close Today : 1340.20 Change : 2.40 or 0.18% Silver Price Close Today : 21.239 Change : 0.051 or 0.24% Gold Silver Ratio Today : 63.101 Change : -0.039 or -0.06% Silver Gold Ratio Today : 0.01585 Change : 0.000010 or 0.06% Platinum Price Close Today : 1476.00 Change : 12.80 or 0.87% Palladium Price Close Today : 72.65 Change : 8.95 or 14.05% S&P 500 : 1,873.81 Change : -0.01 or 0.00% Dow In GOLD$ : $252.35 Change : $ (1.00) or -0.40% Dow in GOLD oz : 12.207 Change : -0.049 or -0.40% Dow in SILVER oz : 770.29 Change : -3.54 or -0.46% Dow Industrial : 16,360.18 Change : -35.70 or -0.22% US Dollar Index : 80.140 Change : -0.030 or -0.04% The GOLD PRICE gained $2.40 and ended at $1,340.20. The SILVER PRICE gained 5.1 cents to close Comex at 2123.9c. I can't make up my mind any more than silver and GOLD PRICES can how far a correction might go. Gold's MACD is about to signal "sell" and silver's already has. Stochastics are rolling over downward. All that suggests the reaction has started, but tells us nothing about how long or how far it will carry. In any event, almost all the evidence argues that the lows are behind us with the double bottom seen as December ended. Thus the next big move should be up. Sometimes I wonder why I bother trying to figure all this out. After all, the END is sure. History teaches -- and whales the tar out of those who won't learn -- that fiat money schemes always end catastrophically. Why do Americans think they are the exception? Because we grow such clever central bankers? Because we're so nice? Because we have Dancing with the Stars? None of that changes the iron laws of reality, and the iron law is that creating money out of thin air ends catastrophically. Now I ain't no more'n a nacheral born fool from Tennessee but when I saw this headline, "EU offers Ukraine $15 billion over 7 years to avert default," my little pea-brain fell a-working. Friend of mine once told me when you don't understand what was going on, you jus' FOLLOW THE MONEY. So, what is Ukraine gonna default on? Bonds, I reckon. And who likely owns them bonds? Banks, I reckon. So if I follow this money-trail like any good tracking dog, I tree a banker! The EU is offering to bail out the banks so they can give in to Putin and keep the gas flowing under Ukraine to Berlin, Brussels, and Paris. But folks, this ain't "working for whirled peas," this is just another sample of bailing out the banks, the real rulers of our world. Ain't y'all glad that y'all have the honor of keepin' them bankers up in the style they're used to? Hey, pass them collards, Mama! We can't afford no fatback in 'em cause the bankers need caviar. On Wall Street today sobriety broke out. Dow continues to lag and lost 35.7 (0.22%) to 16,360.18. S&P500 lost only 0.1 (0.01%) to 1,873.81. (Who could tell?) Several cycles point to tomorrow as a turning day, so watch out. With stocks inching down and silver and gold inching up, the Dow in Metals backed off today. Yesterday's rise in the Dow in Gold took it to the downtrend line and above the 20 DMA, but today it fell away and ended below the 20 DMA at 12.19 oz (G$251.99 gold dollars), down 0.66%. I'm still bracing for reaction rally, but may be disappointed if stocks peak or turn down tomorrow, as I expect. Dow in Silver dropped 0.31% or 2.42 oz to 771.89 oz. It remains above its 20 DMA but a long ways below it downtrend line. The flakey US Dollar Index lost 3 basis points (0.04%) to 80.14. In spite of hopeful economic statistics today, the euro dropped 0.06 to $1.3733. In the last four months the euro has painted the chart with double peaks at $1.3847 and $1.3824. Looks like their banks need more subsidies. Yen keeps moving sideways. Lost 0.08% today and ended at 97.71 cents/Y100, sliding beneath its 20 DMA. 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.

No legitimate claim to $10 million California gold find, firm says Posted: 05 Mar 2014 04:48 PM PST By Laila Kearney Reuters Wednesday, March 5, 2014 The currency firm representing a California couple who found $10 million worth of rare Gold Rush-era coins buried on their property says no valid claim to the collection has emerged, despite rumors that the stash was swiped in a 1901 heist. A sale of the treasure trove, which includes 1,400 gold pieces in nearly mint condition, will proceed as planned, said coin expert David McCarthy of currency firm Kagin's. "To my knowledge, no legitimate claims have surfaced, and I don't think that any will," McCarthy told Reuters. ... For the full story: http://www.reuters.com/article/2014/03/05/us-usa-californa-coins-idUSBRE... ADVERTISEMENT Jim Sinclair plans seminars in Los Angeles and San Diego Gold advocate Jim Sinclair's next market analysis seminars will be held in Los Angeles from 11 a.m. to 2 p.m. on Saturday, March 8, and in San Diego from 2 to 6 p.m. the following day, Sunday, March 9. Details, including registration information, are posted at Sinclair's Internet site, JSMinset.com, here: http://www.jsmineset.com/qa-session-tickets/ Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China http://www.minesandmoney.com/hongkong/ 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 ADVERTISEMENT Safe and Private Allocated Bullion Storage In Singapore Given the increasing risks in financial markets, it is more important than ever to own physical bullion coins and bars and to store them in the safest vaults in the world in the safest jurisdictions in the world. Gold advocates Jim Sinclair and Marc Faber have recommended Singapore. Now, with GoldCore, you can own coins and bars in fully insured, segregated, and allocated accounts in Singapore with the ability to take delivery. Learn more by downloading GoldCore's Essential Guide To Storing Gold In Singapore: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore 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.

Gold Almost Back In Long Term Trendline Posted: 05 Mar 2014 02:59 PM PST Gold is about to re-enter its long term trendline, as presented on the following chart, courtesy of the most comprehensive precious metals chart center Sharelynx. The chart shows the gold price in a range based on a 95% prediction band. The stand-out feature on the chart is how gold remained within the range for most of the time in the past 10 years. The two exceptions were gold’s peak in the summer of 2011 and the collapse in 2013. This is definitely a sign of strength going forward. READ ALSO: Precious Metals: A Pressure Cooker

Rick Rule: Gold Is A Store Of Wealth In A Mechanism Other Than Fiat Currency Posted: 05 Mar 2014 02:44 PM PST Currencies have basically gone nowhere in the last year. Most major currencies have been in a decline, some have held up somewhat in a see-saw pattern, the British pound has held up most.     In Gold Is Always Rallying Somewhere, we explained that currencies cross rates are a zero sum game. Not every currency can go down against every other currency at once. But we know that governments are in a global race to debase their currencies in order to ease their debt burden. So the currency charts somehow “mask” the underlying tendency, which is an overall devaluation against each other. The key question is what happens when all governments attempt to devalue their currencies. That point was being raised in Rick Rule’s last market commentary (listen to the full commentary). Rick Rule is the founder and CEO of Sprott Global Resources Investments, s a full service brokerage firm providing personalized brokerage services to  investors in the natural resource and precious metals sectors for retail and institutional investors. In his answer, Rick Rule confirms that gold by itself is a mechanism that resolves the imbalances between currencies. At least, that is the purpose it serves for currencies and the central bankers. However, what gold does for individual human beings for 5000 years has been acting as a store of wealth aside of currencies. It is important to understand that a bond (i.e., a currency) is not a payment; it is a promise to pay, it is a mechanism to transfer wealth. All precious metals (gold, silver, platinum, palladium) have fulfilled a role in society for thousands of years. They are not promises to pay, they are a store of value. Precious metals are a payment in and of themselves. As a consequence, they have performed a function of social insurance, which is an insurance against political and social catastrophe since the beginning of recorded history. People should not think that the role of gold is only to move from one central bank to another (say from the US to the Chinese). That is gold’s use for currencies by the central bankers. YOUR use of gold is to preserve the purchasing power of yourself and your family through a variety of circumstances in some mechanism other than fiat currency.

Gold Daily and Silver Weekly Charts - They Make a Desert, and Call It Peace Posted: 05 Mar 2014 01:34 PM PST

Gold Daily and Silver Weekly Charts - They Make a Desert, and Call It Peace Posted: 05 Mar 2014 01:34 PM PST

Full-Spectrum War, Peak Complexity, and Real Assets Posted: 05 Mar 2014 01:15 PM PST Not so long ago — say when the Soviet Union was crushing rebellions in Czechoslovakia and Hungary in the 1960s or the US was invading half the Middle East in the 2000s — a big country picking on a small one was mostly a physical activity. Tanks would roll in, buildings and people would be blown up, and that would be that. The aggressor might face the occasional trade sanction from otherwise-impotent “powers,” but this was relatively painless in a world that was not yet financially or technologically integrated. Contrast those simpler times with today’s Ukraine crisis, where a whole range of new battlefields might soon open up. First is telecommunications, where both sides apparently have the ability to launch a cyber-strike: Watching for a Crimean Cyberwar Crisis An info-war is under way as websites are blocked and telecom cables to Crimea are mysteriously cut. Russia's takeover of the Crimean peninsula has been accompanied by a elements of an information-control campaign: telecom cables connecting that region to the rest of Ukraine have been severed, and the Russian government has moved to block Internet pages devoted to the Ukrainian protest movement. But so far there is no public evidence of more serious cyberattacks against military or government institutions. Indeed, Russia may need to tread a fine line with such tactics, since they could be seen as acts of war under evolving military doctrine. A report from a NATO group chaired by Madeleine Albright, a former U.S. Secretary of State, has said that if NATO infrastructure were the victim of a cyberattack, it could lead to a physical response such as a bombing. So far, anyway, "Russia has limited themselves to the things they usually do in the onset of a conflict to try to shape opinion, stifle critics, and advance their own viewpoint," says James Lewis, director of the Center for Strategic and International Studies, a think tank in Washington, D.C. "They are doing the informational side, which is the opening move in the playbook." Over the weekend, though, Ukraine's national telephone company, Ukrtelecom, said that unknown vandals had seized telecommunications nodes and cut cables, severing much of the data and voice links between Crimea and the rest of Ukraine. Info-war tactics have been seen on the Ukrainian side too. Someone sympathetic to the Ukrainian cause managed to hack the Russian government's English-language news organ, Russia Today, and substitute the word "Nazi" for "military" in some headlines, with results such as "Russian Senators Vote to Use Stabilizing Nazi Forces on Ukrainian Territory." The region has a colorful history of cyberattacks against smaller states and organizations seen as opposing the Kremlin. In Estonia in 2007, the local government antagonized Russia by relocating a bronze statue commemorating Russian soldiers. A flood of attacks against government, media, and telecom websites in Estonia followed, paralyzing them for weeks. (The attacks were "denial-of-service" events, flooding servers with page requests to overload them.) The Russian government denied responsibility, saying "patriotic hackers" were to blame. In 2008, similar events played out when Russia invaded South Ossetia, part of the neighboring republic of Georgia. Again, the attacks—on sites associated with government offices and the embassies of the United States and United Kingdom, among others—could not be provably linked to Russia's government (see "Georgian Cyberattacks Traced to Russian Civilians"). Ukraine may be something of a different case. Both Ukraine and Russia are well-known centers of international cybercrime, and both are home to talented computer engineers. But for whatever reason, this sort of mass cyberattack is not happening. "In Georgia you had cyber incidents coördinated with military operations. But the Russians haven't done that here," Lewis says. "If violence breaks out in the Crimea, I think they will bump it up a notch." The events provide a way for the United States to see what Russia's cyberwar capabilities are, says Stewart Baker, a former policy chief at the U.S. Department of Homeland Security and now a lawyer in private practice. "From the U.S. point of view, it is an opportunity to watch one country that has integrated cyber [tactics] into their military–Russia–and see what their current doctrines suggest they do," he said. "But it may be they have decided they don't need to show what they've got, and won't do it." Four years ago, Vladimir Sherstyuk, a member of Russia's National Security Council and director of the Institute for Information Security Issues at Moscow State University, boasted of significant capacities. "Cyberweapons can affect a huge amount of people, as well as nuclear," he said in an interview with MIT Technology Review (see "Russia's Cyber Security Plans"). "But there is one big difference between them. Cyberweapons are very cheap—almost free of charge." Even more serious, or at more least wide-ranging, is the fact that Russia owns a lot of dollars and could disrupt the global financial system by dumping them:. Putin Advisor Threatens With Dumping US Treasurys, Abandoning Dollar If US Proceeds With Sanctions While the comments by Russian presidential advisor, Sergei Glazyev, came before Putin’s detente press conference early this morning, they did flash a red light of warning as to what Russian response may be should the west indeed proceed with “crippling” sanctions as Kerry is demanding. As RIA reports, his advice is that “authorities should dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine.” Glazyev said the United States would be the first to suffer in the event of any sanctions regime. "The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia," Glazyev said. "Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don't depend on them in any way." From RIA: “We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner," he said. "We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market." … To be sure, a high-ranking Kremlin source was quick to distance his office from Glazyev's remarks, however, insisting to RIA Novosti that they represented only his personal position. Glazyev was just expressing his views as an academic, and not as a presidential adviser, the Kremlin insider said. That said, putting Russia’s threat in context, the Federation held $138.6 billion in US Treasurys as of December according to the latest TIC data, making it the 11th largest creditor of the US, which appears to conflict with what the Russian said, making one wonder where there is a disconnect in “data.” This would mean the Fed would need just two months of POMO to gobble up whatever bonds Russia has to sell. The bigger question is if indeed, as some have suggested, China were to ally with Russia, and proceed to follow Russia in its reciprocal isolation of the US, by expanding trade with Russia on non-USD based terms, and also continue selling bonds as it did in December, when as we reported previously it dumped the second largest amount of US paper in history. Some thoughts Basically, what this means is that in a world where everyone’s networks are vulnerable and where countries that are emphatically not US allies own a mountain of dollar-denominated paper, small, obscure conflicts can spread in a heartbeat from the physical battlefield to cyber-space and/or Wall Street. The Ukraine crisis sounds, at the moment, like more of a chance to threaten such attacks than to actually try them. So no cyber or financial Pearl Harbor is likely this week. But that such things are now on the table and would, should they occur, be sudden, adds yet another layer of complexity to a financial world that already has too many black swans cluttering up its sky. And it raises the appeal of hard assets that 1) don’t reside in accounts that can be hacked and 2) don’t depend on the value of fiat currencies that can simply evaporate. Put another way, the proper response to peak complexity is hyper-simplification via gold, silver, and farmland.

Bernanke begins trading on Fed service, and maybe its secrets Posted: 05 Mar 2014 12:56 PM PST Bernanke Enjoys 'Fruits of Free Market' with First Post-Fed Speech By Jonathan Spicer and Mirna Sleiman Reuters Wednesday, March 5, 2014 Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Federal Reserve. Bernanke was paid at least $250,000 for his first public speaking engagement, in Abu Dhabi, since stepping down in January, according to sources familiar with the matter. That compares to his 2013 paycheck of $199,700, and the appearance was only the first of three around the world this week. ... In hitting the speaking circuit, Bernanke is following a well-trod path of top public servants cashing in on the demand for the insights they can offer. In the case of a one-time Fed chairman, those insights could be market-moving. ... ... For the full story: http://www.reuters.com/article/2014/03/05/us-usa-fed-bernanke-idUSBREA24... ADVERTISEMENT Safe and Private Allocated Bullion Storage In Singapore Given the increasing risks in financial markets, it is more important than ever to own physical bullion coins and bars and to store them in the safest vaults in the world in the safest jurisdictions in the world. Gold advocates Jim Sinclair and Marc Faber have recommended Singapore. Now, with GoldCore, you can own coins and bars in fully insured, segregated, and allocated accounts in Singapore with the ability to take delivery. Learn more by downloading GoldCore's Essential Guide To Storing Gold In Singapore: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore 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: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China http://www.minesandmoney.com/hongkong/ 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 ADVERTISEMENT Jim Sinclair plans seminars in Los Angeles and San Diego Gold advocate Jim Sinclair's next market analysis seminars will be held in Los Angeles from 11 a.m. to 2 p.m. on Saturday, March 8, and in San Diego from 2 to 6 p.m. the following day, Sunday, March 9. Details, including registration information, are posted at Sinclair's Internet site, JSMinset.com, here: http://www.jsmineset.com/qa-session-tickets/

Russia and China nudging the world away from dollar and toward gold, Stoferle says Posted: 05 Mar 2014 12:05 PM PST 3p ET Wednesday, March 5, 2014 Dear Friend of GATA and Gold: Writing today at King World News, Ronald-Peter Stoferle, market analyst for Incrementum AG in Liechtenstein, sees Russia and China nudging the world away from the dollar-based financial system and toward one based more on gold: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/5_US_... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Hong Kong Special Administrative Region, China Monday-Friday, March 24-28, 2014 http://www.minesandmoney.com/hongkong/ 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 ADVERTISEMENT How to profit with silver -- and which stocks to buy now Future Money Trends is offering a special 16-page silver report with profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...

Koos Jansen interviews Goldbroker's Fabrice Drouin Ristori Posted: 05 Mar 2014 11:55 AM PST 2:55p ET Wednesday, March 5, 2014 Dear Friend of GATA and Gold: Interviewed by gold researcher and GATA consultant Koos Jansen, gold and silver dealer Fabrice Drouin Ristori, founder of Goldbroker.com, cites GATA's exposure of manipulation of the gold market and explains why he thinks gold is gradually returning to the international monetary system as a sort of reserve currency. The interview is posted at Jansen's Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/interview-fabrice-drouin-ristori-goldbroker-... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT How to profit with silver -- and which stocks to buy now Future Money Trends is offering a special 16-page silver report with profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China http://www.minesandmoney.com/hongkong/ 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 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

Germany, Russia, China & A New Golden Global Currency Posted: 05 Mar 2014 10:26 AM PST With gold drifting higher and the US Dollar Index barely clinging to the critical 80 level, today an acclaimed money manager spoke with King World News about Ukraine, Germany, Russia, China and the move to a new world currency which includes gold. Below is what Stephen Leeb had to say in this fascinating interview. This posting includes an audio/video/photo media file: Download Now

India Gold Curbs Tighten Even as Minister Says "Need to Ease" Posted: 05 Mar 2014 10:21 AM PST Customs officials seizing wholesale gold stocks in face of smuggling surge...   INDIA'S GOLD import curbs must be eased to meet demand from the jewelry industry, the Congress government's commerce minister said Tuesday.   Separate reports, however, say that Customs officials are tightening supply by seizing wholesalers' stockpiles of gold as part of an attempt to clamp down on the very same smuggling the minister fears.   "We have to ensure adequate availability of gold for the gems and jewelry industry," Anand Sharma told reporters.   "Is a very important sector for our exports. We have to have a balance. Over-regulation leads to another problem...of smuggling."   However, Surendra Mehta, general secretary of the India Bullion and Jewellers Association, says that government agents "are raiding and seizing gold at various places" amid a drive to reconcile the number of gold bars held by wholesale stockists against what little imported gold has been allowed under the strict licensing regime.   The 1,200 dealers and shops Mehta represents plan to hold a strike next Monday, March 10, demanding an end to these spot checks and seizures, as well as an easing of import rules.   Formerly the world's No.1 gold-consumer nation, India has no domestic mine output. Its yawning trade deficit led the government in July 2013 to ban gold imports in all but name, imposing an 80/20 rule under which 20% of new shipments must be re-exported before the 80% can be released from sea- or airport storage.   Smuggling has leapt, adding perhaps 20% to the government's official Current Account Deficit of $45 billion in the last 12 months.    Gold imports into the wealthy north-west Indian state of Gujarat – currently governed by front-runner for prime minister at May's elections, Hindu nationalist Narendra Modi – have fallen to their lowest level since the global financial crisis of early 2009 sparked India's first outflow of metal since the Great Depression, data showed this week.   Gujarat State Export Cargo Ltd says that between April 2013 and Feb. 2014, only 87 tonnes of gold bullion entered through Ahmedabad, a major importing airport, down 40% from the same period last year.   Nationwide however, official data showing $1.4bn of gold imports in January 2014 equate to some 35 tonnes of bullion, analysts at Australia's Macquarie Bank note – "broadly in line with trade estimates...and the highest figure since July," when the 80/20 rule was imposed.   The ruling Congress Party looks set to lose power to Hindu nationalist Modi's BJP at May's elections. Modi backed India's gold industry last September, since when government ministers have repeatedly hinted at a review or impending easing of import rules and the 10% duty on gold bullion.

India Gold Curbs Tighten Even as Minister Says "Need to Ease" Posted: 05 Mar 2014 10:21 AM PST Customs officials seizing wholesale gold stocks in face of smuggling surge...   INDIA'S GOLD import curbs must be eased to meet demand from the jewelry industry, the Congress government's commerce minister said Tuesday.   Separate reports, however, say that Customs officials are tightening supply by seizing wholesalers' stockpiles of gold as part of an attempt to clamp down on the very same smuggling the minister fears.   "We have to ensure adequate availability of gold for the gems and jewelry industry," Anand Sharma told reporters.   "Is a very important sector for our exports. We have to have a balance. Over-regulation leads to another problem...of smuggling."   However, Surendra Mehta, general secretary of the India Bullion and Jewellers Association, says that government agents "are raiding and seizing gold at various places" amid a drive to reconcile the number of gold bars held by wholesale stockists against what little imported gold has been allowed under the strict licensing regime.   The 1,200 dealers and shops Mehta represents plan to hold a strike next Monday, March 10, demanding an end to these spot checks and seizures, as well as an easing of import rules.   Formerly the world's No.1 gold-consumer nation, India has no domestic mine output. Its yawning trade deficit led the government in July 2013 to ban gold imports in all but name, imposing an 80/20 rule under which 20% of new shipments must be re-exported before the 80% can be released from sea- or airport storage.   Smuggling has leapt, adding perhaps 20% to the government's official Current Account Deficit of $45 billion in the last 12 months.    Gold imports into the wealthy north-west Indian state of Gujarat – currently governed by front-runner for prime minister at May's elections, Hindu nationalist Narendra Modi – have fallen to their lowest level since the global financial crisis of early 2009 sparked India's first outflow of metal since the Great Depression, data showed this week.   Gujarat State Export Cargo Ltd says that between April 2013 and Feb. 2014, only 87 tonnes of gold bullion entered through Ahmedabad, a major importing airport, down 40% from the same period last year.   Nationwide however, official data showing $1.4bn of gold imports in January 2014 equate to some 35 tonnes of bullion, analysts at Australia's Macquarie Bank note – "broadly in line with trade estimates...and the highest figure since July," when the 80/20 rule was imposed.   The ruling Congress Party looks set to lose power to Hindu nationalist Modi's BJP at May's elections. Modi backed India's gold industry last September, since when government ministers have repeatedly hinted at a review or impending easing of import rules and the 10% duty on gold bullion.

Please forgive that 'fax message' spam Posted: 05 Mar 2014 10:15 AM PST 1:15p ET Wednesday, March 5, 2014 Dear Friend of GATA and Gold: Please forgive the stupid spam about a fax message at Ring Central that slipped by your secretary/treasurer a few minutes ago and may have been delivered to you. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Jim Sinclair plans seminars in Los Angeles and San Diego Gold advocate Jim Sinclair's next market analysis seminars will be held in Los Angeles from 11 a.m. to 2 p.m. on Saturday, March 8, and in San Diego from 2 to 6 p.m. the following day, Sunday, March 9. Details, including registration information, are posted at Sinclair's Internet site, JSMinset.com, here: http://www.jsmineset.com/qa-session-tickets/ Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China http://www.minesandmoney.com/hongkong/ 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 ADVERTISEMENT Safe and Private Allocated Bullion Storage In Singapore Given the increasing risks in financial markets, it is more important than ever to own physical bullion coins and bars and to store them in the safest vaults in the world in the safest jurisdictions in the world. Gold advocates Jim Sinclair and Marc Faber have recommended Singapore. Now, with GoldCore, you can own coins and bars in fully insured, segregated, and allocated accounts in Singapore with the ability to take delivery. Learn more by downloading GoldCore's Essential Guide To Storing Gold In Singapore: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore 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.

London gold broker says swings in prices no sign of manipulation Posted: 05 Mar 2014 10:07 AM PST By Nicholas Larkin Bloomberg News Wednesday, March 5, 2014 The chief executive officer of Sharps Pixley Ltd., who has traded gold for 30 years, challenged a study that says the market's price-setting mechanism is susceptible to manipulation, compromising the $19.6 trillion of the precious metal that trades annually. The price fluctuations for gold when five banks meet daily to determine the so-called fixing in London are a consequence of supply and demand, not a sign of manipulation, said Ross Norman, the chief executive of Sharps Pixley, a broker of physical gold in the city. Norman previously worked at Johnson Matthey Plc, N.M. Rothschild & Sons Ltd., and Credit Suisse Group AG. ... ... For the full story: http://www.bloomberg.com/news/2014-03-05/london-gold-broker-says-swings-... ADVERTISEMENT Safe and Private Allocated Bullion Storage In Singapore Given the increasing risks in financial markets, it is more important than ever to own physical bullion coins and bars and to store them in the safest vaults in the world in the safest jurisdictions in the world. Gold advocates Jim Sinclair and Marc Faber have recommended Singapore. Now, with GoldCore, you can own coins and bars in fully insured, segregated, and allocated accounts in Singapore with the ability to take delivery. Learn more by downloading GoldCore's Essential Guide To Storing Gold In Singapore: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore 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: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China http://www.minesandmoney.com/hongkong/ 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 ADVERTISEMENT Jim Sinclair plans seminars in Los Angeles and San Diego Gold advocate Jim Sinclair's next market analysis seminars will be held in Los Angeles from 11 a.m. to 2 p.m. on Saturday, March 8, and in San Diego from 2 to 6 p.m. the following day, Sunday, March 9. Details, including registration information, are posted at Sinclair's Internet site, JSMinset.com, here: http://www.jsmineset.com/qa-session-tickets/

IMF: Wealth Inequality Harms Economies Posted: 05 Mar 2014 09:58 AM PST For the past three decades; we have been subjected to the mythology that when the Rich get richer "it's good for the economy". This mythology has been debunked in several of my own previous commentaries, most notably The Pareto Threshold. In that piece; it was explained that wealth-inequality was not merely "harmful" to economies, but rather when it becomes too extreme it literally destroys economies. This is all just simple arithmetic/economics. Proof of this principle requires nothing more than simply visualizing an inverted "wealth pyramid" – where a small number of people at the top hold all the wealth, and the masses hold nothing. Obviously such an economic phenomenon is the literal representation of "instability", reflecting a hollowed-out economy which cannot possibly survive. Conversely, elementary economic theory (i.e. the "marginal propensity to consume") proves that an economy must be healthier/more robust if most of the wealth is held by most of the people. Now the International Monetary Fund, one of the central institutions of the Western banking empire, has come out and stated the obvious. Nations with higher wealth-inequality consistently exhibit poorer economic performance than nations with less inequality. We have had empirical proof of this for decades. Year after year, decade after decade; the Scandinavian nations of northern Europe, with centralist governments and economic policies, consistently rank at the top of all international surveys of "quality of life". Many in the mainstream media (and the Right-Wing media, in particular) mistakenly label these governments as being "socialist". However this cannot possibly be true. It is these same banking institutions and "right-wing think-tanks" which tell us all the time that socialism destroys economies. However, the centralist governments of Northern Europe also rank at the top of all international surveys on prosperity. The societies with the least wealth-inequality in the West are also its strongest economies. While the "more capitalist" nations in the West (dominated by Western banking) all have debt-to-GDP ratios approaching 100% or worse; these Scandinavian nations have debt-to-GDP ratios of 25% or less. Surely the right-wingers at Fox "News" don't want to assert that all of the best-managed (and most-prosperous) economies in the Western world are "socialist"? Why is a commentator who generally specializes in "precious metals" even covering the subject of wealth-inequality? The glib answer would be that I first spotted this news at Kitco Gold. The more thoughtful answer is that it provides us with yet more illumination on our Lemming Economies. Wealth inequality is bad for economies. Too much wealth-inequality is fatal for an economy. Wealth-inequality in (most) Western societies is at the worst extreme in history, and continues to get worse by the day. Conclusion: all these Lemming Economies will soon go "kaboom", and so we hold gold/silver in anticipation of this collapse. What makes analysis of wealth-inequality so productive is that it tells us why our economies are about to go "kaboom" (contrary to the daily mythology from the Corporate media). It also tells us how to prevent our economies from going  "kaboom" (assuming anyone in our Traitor Governments still care).

Michel Chossudovsky -- Global Warfare & Economic Collapse 2014 Posted: 05 Mar 2014 09:56 AM PST America's Long War Against Humanity - Michel Chossudovsky Rosa Luxemburg Conference, Berlin, January 11, 2014.The event was organized by the German daily "junge Welt". This year, the Rosa Luxemburg Conference marked the commemoration of the 100th anniversary of the First World War.... [[ 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! ]]

Another Big Move Up Coming in Gold Mining Shares Posted: 05 Mar 2014 09:30 AM PST Now that the first leg off the bear market bottom has been completed the mining shares have been consolidating for the last three weeks in preparation for another leg up, and I expect the second leg will be almost as powerful as the first. As gold is now late in its daily cycle I'm looking for one more dip down into Friday's employment report to complete the short-term correction. Then I look for gold's third daily cycle to test the $1425 resistance zone over the next month.

Russian Dollar Dump Could Crash Financial System-John Williams Posted: 05 Mar 2014 08:57 AM PST By Greg Hunter's USAWatchdog.com Dear CIGAs, Economist John Williams says if Russia sells its U.S. dollar holdings, it could trigger hyperinflation.  Could it collapse the financial system?  Williams contends, "Yes, it certainly has a potential to do that.  Looking outside the United States, there is something over $16 trillion in cash, or near cash.  That's... Read more » The post Russian Dollar Dump Could Crash Financial System-John Williams appeared first on Jim Sinclair's Mineset.

A Historic Event Has Taken Place In The Gold Market Posted: 05 Mar 2014 08:54 AM PST Dear CIGAs, With continuing tensions in Ukraine, today James Turk spoke with King World News what is happening around the world, including a historic event in the gold market.  Turk also compared the manipulation taking place in the gold market to what happened when the manipulators of the British pound were taken down by Soros.... Read more » The post A Historic Event Has Taken Place In The Gold Market appeared first on Jim Sinclair's Mineset.

US Dollar Collapse, Beijing, Moscow & The Ascendancy Of Gold Posted: 05 Mar 2014 07:41 AM PST With global stock markets mixed, and crude oil trading near $103, today a man out of Europe who has been extremely accurate with his calls on the gold market sent King World News a tremendous piece which discusses a U.S. dollar collapse, Beijing, Moscow, and the ascendancy of gold. Below is the KWN exclusive piece by Ronald-Peter Stoferle of Incrementum AG out of Liechtenstein. This posting includes an audio/video/photo media file: Download Now

Gerald Celente & Peter Schiff -- Economic Meltdown 2014 Financial Collapse Posted: 05 Mar 2014 07:09 AM PST But, but, Obama told me the economy was recovering. It has to be true, he read it on his Teleprompter! And yet We spend trillions on wars that Americans never approved of ONLY to hand those country over to terrorist groups. .., OUR WEALTH has been squandered to "re-build" these countries.... [[ 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! ]]

US deep storage gold reserves bar list made public Posted: 05 Mar 2014 07:03 AM PST Perth Mint

Gold Price Spikes on Weak US Jobs Data as US-Russia Meet Over Ukraine, Holds Tight Range as China Faces "Bear Stearns Moment" Posted: 05 Mar 2014 06:08 AM PST The GOLD PRICE spiked $5 per ounce from a tight range around $1335 per ounce Wednesday lunchtime in London, as weaker-than-expected US jobs data saw the Dollar drop sharply on the currency markets.   The Dollar then recovered however against the Euro, and the gold price edged lower to trade 1.3% below Monday's 4-month highs, hit after the weekend's sudden escalation of Ukraine-Russia tensions.   Wholesale silver bars tracked the gold price spike and fall Wednesday morning, making a shallow recovery above last week's closing level of $21.22.   Palladium jumped 4% from Tuesday to 11-month highs as analysts said possible trade sanctions over Russia's bluntly-denied troop movements in Ukraine's Crimea region may threaten global supplies.   US secretary of state John Kerry was due Wednesday to meet Russian foreign minister Sergei Lavrov in Paris.   Ahead of Friday's official non-farm payrolls report, today's private-sector ADP data said US firms hired 139,000 workers net in February, more than January but below analyst forecasts.   "The gold price has found a near-term cap at the trendline from May 2013 at 1355," says a technical analysis from Credit Suisse, "and is close to our...chart objectives at 1362/66."   But the "removal of 1307/02 [would be] needed to signal a deeper setback."   "There's scope," agrees fellow Swiss bullion bank UBS, "for more upside in the near-term."   The gold price "looks set to test the major resistance at 1361.93, the October 2013 high."   "Support from the uptrend comes in at 1313," says bullion bank Scotia Mocatta's latest technical analysis, also putting nearby resistance around the $1360 level.   "We are bullish gold, looking for a full retracement to the $1433 high from [August] 2013."   Today in China, the No.1 gold consumer nation, wholesale discounts to the global gold price eased back to 21c per ounce from Tuesday's $2.80, suggesting an improvement in local demand over supply.   But trading volumes on the Shanghai Gold Exchange fell again, dropping to half Monday's 3-month high.   Warning of a "Bear Stearns moment" in China's corporate bond market, analysts at Bank of America "doubt that the financial system in China will experience a liquidity crunch immediately...but the chain reaction will probably start" with a likely default by solar-cell mnufacturer Shanghai Chaori Solar Energy Science & Technology Co. o meet $15 million-worth of interest payments on Friday.   Now valued at $4 trillion, China's publicly-traded debt market hasn't suffered any defaults since the People's Bank began regulating it in 1997, says Bloomberg.   Last month saw China's first "wealth management product" default in what's become a $1.8 trillion industry.   From the mid-2007 failure of two Bear Stearns' hedge funds holding subprime mortgage bonds, the global financial crisis took another year to reach the collapse of Lehman Brothers and the tax-funded bail-out of AIG, its counterparties, and much of the Western banking sector.

ANOTHER BIG MOVE UP COMING IN MINING SHARES Posted: 05 Mar 2014 05:53 AM PST Now that the first leg off the bear market bottom has been completed the mining shares have been consolidating for the last three weeks in preparation for another leg up, and I expect the second leg will be almost as powerful as the first. As gold is now late in its daily cycle I'm looking for one more dip down into Friday's employment report to complete the short-term correction. Then look for gold's third daily cycle to test the $1425 resistance zone over the next month. Over the next few days stocks should move up to test, or more likely marginal break above 1900, before settling into a consolidation as they await the next FOMC decision on March 19. As stocks settle into this consolidation phase buying pressure will move back into the commodity markets and drive gold aggressively out of the impending daily cycle low. Then when a third taper also fails to halt the slide in the dollar look for a mini dollar panic during the second half of March that will drive a very powerful rally in commodities as they move toward an intermediate top. As gold rallies out of its impending daily cycle low, and especially during the dollar panic later this month, the mining shares should deliver a very powerful second leg up in this initial thrust out of their bear market bottom. I expect GDX will at least test the August highs, and maybe even fill one or both of last April's gaps before the intermediate cycle tops sometime in early to mid April. I think traders need to enter initial positions before the close on Thursday, and if gold is down Friday morning after the employment report use the weakness to complete purchases as I think next week miners will break out of the consolidation zone and begin the second leg up of this brand-new bull market.

New York trader sues London gold fix banks, charging manipulation Posted: 05 Mar 2014 05:52 AM PST By Bob Van Voris Bloomberg News Wednesday, March 5, 2014 Barclays Plc, Deutsche Bank AG, and three other banks were accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal. Kevin Maher, a New York resident who says he bought and sold gold and gold futures and options, sued yesterday in Manhattan federal court claiming that the five banks overseeing the century-old benchmark colluded to manipulate it. Maher's complaint cites press reports, including a Bloomberg News story last week on a draft paper by two researchers showing what they said were unusual pricing patterns connected to the gold fix. The paper was the first study to raise the possibility that the banks, which also include Bank of Nova Scotia, HSBC Holdings Plc, and Societe Generale SA, may have been working together to manipulate the benchmark. Authorities around the world, already investigating the manipulation of benchmarks from interest rates to foreign exchange, are examining the gold market for signs of wrongdoing. ... ... For the full story: http://www.bloomberg.com/news/2014-03-04/barclays-deutsche-bank-accused-... ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Hong Kong Special Administrative Region, China Monday-Friday, March 24-28, 2014 http://www.minesandmoney.com/hongkong/ 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 ADVERTISEMENT How to profit with silver -- and which stocks to buy now Future Money Trends is offering a special 16-page silver report with profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...

WARNING -- Russia Will Dump The Dollar if Sanctions Are Imposed Posted: 05 Mar 2014 05:49 AM PST A Kremlin economist, Sergei Glazyev, told RIA Novosti the Russian government may not repay loans owed to the financial cartel if the United States imposes sanctions on the country in response to the Crimea intervention.Washington's Arrogance, Hubris, and Evil Have Set the Stage for... [[ 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! ]]

Bank of England suspends employee as notes show currency rig concerns from 2006 Posted: 05 Mar 2014 05:46 AM PST By Scott Hamilton, Gavin Finch, and Liam Vaughan Bloomberg News Wednesday, March 5, 2014 The Bank of England suspended a staff member and published records showing concerns about risks of benchmark currency-rate manipulation were raised in meetings as early as July 2006. The BOE is probing allegations officials condoned practices at the heart of a widening rigging scandal involving traders at the world's largest banks. It said today the investigation has found no evidence to date its employees were involved in collusion. The central bank requires staff "to follow rigorous internal control processes," according to the statement. The suspended individual, who wasn't named, is being investigated and "no decision has been taken on disciplinary action." ... ... For the full story: http://www.bloomberg.com/news/2014-03-05/boe-suspends-staff-member-as-it... ADVERTISEMENT How to profit with silver -- and which stocks to buy now Future Money Trends is offering a special 16-page silver report with profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... Join GATA here: Mines and Money Hong Kong Hong Kong Convention and Exhibition Centre Monday-Friday, March 24-28, 2014 Hong Kong Special Administrative Region, China http://www.minesandmoney.com/hongkong/ 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 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

Wednesday Morning Links Posted: 05 Mar 2014 05:24 AM PST MUST READS EU offers €11 billion in aid to Ukraine – CNN/Money Crimea Crisis Haunted by Ghosts of Bungled WW I Diplomacy – Bloomberg The four charts Putin should consider as he plots his next move – Quartz So Russia is going to abandon the dollar as a reserve currency? – Telegraph London gold-fix banks accused of manipulation in U.S. [...]

Russia Warns it Will Stiff Banksters and Dump The Dollar Posted: 05 Mar 2014 04:42 AM PST No country should pay back the central banks as it`s made from fresh air anyway and they`ve had too long in power. If we all (countries) refused to pay, what army will they use to rough us up to get it back? That would show who the mercenary countries really are! A Kremlin economist, Sergei... [[ 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! ]]

PDAC 2014 Underscores Muted Sentiment towards Gold Stocks Posted: 05 Mar 2014 03:20 AM PST The buzz phrase at PDAC 2014 could be described as “cautious optimism.” Executives, analysts and investors seem to believe a corner has been turned but failed to show any excitement or hope beyond that. Some participants estimated that attendance was down 20% from last year and much lower than 2012. I did not attend last year but definitely noticed foot traffic was significantly lower than in 2012. Interest in my presentation this year was much lower than in 2012. Mind you, these are only anecdotal measures of sentiment. However, for me they further underscore that very few seem to believe in the immediate continuation and sustainability of this recovery.

Stupid Gold Standard Advocates Posted: 05 Mar 2014 02:54 AM PST Monetary rot reaches everywhere. Even to smart ideas thought badly...   CUT a long story short, says Nathan Lewis at New World Economics, first posted on Forbes.   When you know you don't really have to pay back the money, you tend to borrow more. When you borrow more, you eventually borrow too much. Then, you print the money to avoid default.   Not a very surprising outcome, is it. And yet, when you look at the implications, it shows yet another avenue by which Mercantilist money (floating currencies) holds within it the seeds of its own destruction.   For 182 years, until 1971, the United States adhered to the principle of Classical money  –  in practice, money whose value was defined in terms of gold. For most of US history, the Dollar was to be worth 23.2 fine grains of gold, or 1/20.67th of a troy ounce. After a devaluation in 1933, the Dollar was to be worth 1/35th of an ounce of gold, until 1971.   During this time, the Federal government did occasionally run big deficits, but only in wartime. They knew, at some basic level, that they would have to pay back the money in Dollars of unchanging value. This would mean hardship.   There are always those who want to spend more. And, there are always those who want to spend less. This monetary factor tipped the political scales enough that, once the wars ended, spending dropped and the Federal government returned to a generally balanced budget.   Since 1971, I argue that there has been an understanding, perhaps subconscious, that it's all funny money, and that the "Fed will bail us out" eventually, just as people now expect the Fed to bail us out of virtually every potential problem under the sun. This tips the political scales enough that the spenders become dominant. Governments begin to run chronic deficits, even in peacetime.   You know how hard it is for the Federal government to reduce spending in any way today. Most talk of "spending cuts" is really a reduction in the rate of spending increase. We continually raise the debt ceiling, because...well...because ... "In the long run, we're all dead." And yet, this same US Federal government, with all of its compromises, corruption and deficiencies, enacted huge spending reductions during the gold standard era.   Maybe they understood, somehow, that "you can't indebt yourself to prosperity."   In fiscal 1919, the tail end of World War I, the US federal government spent $18,493 million. In 1921, after the end of hostilities, this had fallen to $5,062 million. By 1927, spending had declined further to $2961 million.   Can you even imagine a cutback like that today? But, that is what we did then  –  even while tax revenues were soaring higher during the "Roaring Twenties," to $4,013 million in revenue in 1927.   The Federal government spent $92,712 million in 1945, and $29,764 million in 1948.   Actually, this pattern has been true not only of the United States, but for governments worldwide. The introduction of Mercantilist floating currencies in 1971 has been correlated to fiscal indiscipline in many countries.   Some very nice research by F.F. Wiley of Cyniconomics.com shows a clear change in government behavior in several developed countries over a 200 year period, from one of fiscal discipline during peacetime, to one of chronic peacetime deficits. This inflection point lands fairly close to the global switch from a gold-based Classical approach to a Mercantilist floating currency environment in 1971.   Today, some gold standard advocates argue that a gold standard system prevents budget deficits.    Technically, this is stupid.   The British government's famous Consol bonds of the 19th century didn't come into existence from budget surpluses. Actually, the British pound's reliable gold standard system allowed the British government to finance its debt at super-low interest rates, over decades and centuries. This made borrowing easier, not harder.   But, this idea holds the core of a larger truth: that monetary discipline tends to lead to fiscal discipline; and that a "let's just do it because why not" monetary approach leads to the same approach for government finances. Classical money  –  a gold standard system  –  indeed leads to a balanced budget in peacetime, in empirical experience.   I'm told that every heroin user has a moment of realization: I have a needle in my arm. Many heroin users then think: I should stop this now. The Fed's "taper" strategy reflects this moment. The Republican Party's recent hardline stance on the debt ceiling (driven by grassroots Tea Party angst) reflects this moment. Historically, governments don't stop, just as heroin users don't stop.   Maybe the US will be an exception. There is a core of virtue in the US political system, even if it is obscured for now by endless corruption and expediency.   But, I wouldn't bet on it.

Stupid Gold Standard Advocates Posted: 05 Mar 2014 02:54 AM PST Monetary rot reaches everywhere. Even to smart ideas thought badly...   CUT a long story short, says Nathan Lewis at New World Economics, first posted on Forbes.   When you know you don't really have to pay back the money, you tend to borrow more. When you borrow more, you eventually borrow too much. Then, you print the money to avoid default.   Not a very surprising outcome, is it. And yet, when you look at the implications, it shows yet another avenue by which Mercantilist money (floating currencies) holds within it the seeds of its own destruction.   For 182 years, until 1971, the United States adhered to the principle of Classical money  –  in practice, money whose value was defined in terms of gold. For most of US history, the Dollar was to be worth 23.2 fine grains of gold, or 1/20.67th of a troy ounce. After a devaluation in 1933, the Dollar was to be worth 1/35th of an ounce of gold, until 1971.   During this time, the Federal government did occasionally run big deficits, but only in wartime. They knew, at some basic level, that they would have to pay back the money in Dollars of unchanging value. This would mean hardship.   There are always those who want to spend more. And, there are always those who want to spend less. This monetary factor tipped the political scales enough that, once the wars ended, spending dropped and the Federal government returned to a generally balanced budget.   Since 1971, I argue that there has been an understanding, perhaps subconscious, that it's all funny money, and that the "Fed will bail us out" eventually, just as people now expect the Fed to bail us out of virtually every potential problem under the sun. This tips the political scales enough that the spenders become dominant. Governments begin to run chronic deficits, even in peacetime.   You know how hard it is for the Federal government to reduce spending in any way today. Most talk of "spending cuts" is really a reduction in the rate of spending increase. We continually raise the debt ceiling, because...well...because ... "In the long run, we're all dead." And yet, this same US Federal government, with all of its compromises, corruption and deficiencies, enacted huge spending reductions during the gold standard era.   Maybe they understood, somehow, that "you can't indebt yourself to prosperity."   In fiscal 1919, the tail end of World War I, the US federal government spent $18,493 million. In 1921, after the end of hostilities, this had fallen to $5,062 million. By 1927, spending had declined further to $2961 million.   Can you even imagine a cutback like that today? But, that is what we did then  –  even while tax revenues were soaring higher during the "Roaring Twenties," to $4,013 million in revenue in 1927.   The Federal government spent $92,712 million in 1945, and $29,764 million in 1948.   Actually, this pattern has been true not only of the United States, but for governments worldwide. The introduction of Mercantilist floating currencies in 1971 has been correlated to fiscal indiscipline in many countries.   Some very nice research by F.F. Wiley of Cyniconomics.com shows a clear change in government behavior in several developed countries over a 200 year period, from one of fiscal discipline during peacetime, to one of chronic peacetime deficits. This inflection point lands fairly close to the global switch from a gold-based Classical approach to a Mercantilist floating currency environment in 1971.   Today, some gold standard advocates argue that a gold standard system prevents budget deficits.    Technically, this is stupid.   The British government's famous Consol bonds of the 19th century didn't come into existence from budget surpluses. Actually, the British pound's reliable gold standard system allowed the British government to finance its debt at super-low interest rates, over decades and centuries. This made borrowing easier, not harder.   But, this idea holds the core of a larger truth: that monetary discipline tends to lead to fiscal discipline; and that a "let's just do it because why not" monetary approach leads to the same approach for government finances. Classical money  –  a gold standard system  –  indeed leads to a balanced budget in peacetime, in empirical experience.   I'm told that every heroin user has a moment of realization: I have a needle in my arm. Many heroin users then think: I should stop this now. The Fed's "taper" strategy reflects this moment. The Republican Party's recent hardline stance on the debt ceiling (driven by grassroots Tea Party angst) reflects this moment. Historically, governments don't stop, just as heroin users don't stop.   Maybe the US will be an exception. There is a core of virtue in the US political system, even if it is obscured for now by endless corruption and expediency.   But, I wouldn't bet on it.

Risk Control in Gold & Juniors Miner Stocks Posted: 05 Mar 2014 02:47 AM PST Junior gold miners might look to be rising from the ashes. But you need risk control...   ORIGINALLY trained during the inflationary 1970s, Michael Ballanger, director of wealth management at Richardson GMP, now has more than 30 years' experience as a junior mining and exploration specialist, as well as a solid background in corporate finance.   Ballanger's adherence to the concept of "Hard Assets" allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities. In this interview with The Gold Report, Ballanger talks about his investment ideas for 2014 and a less-risky twist on the balanced portfolio.   The Gold Report: In retrospect, investors should have been short mining equities and exchange-traded funds (ETFs) in early 2013. You have the opposite view for 2014. Please outline your strategy for us.   Michael Ballanger: The physical bullion silver and gold markets bottomed in the middle of last year and we thought mining shares would catch a bid soon after the physical market turned. As it would turn out, the mining shares hit new lows in December as they were caught in tax-loss selling and rebalancing. That set up a generational buying opportunity.   Additionally, I've never seen such black bearish sentiment numbers for gold – and I've been in the business 38 years. In contrast, tech darlings like Facebook, Twitter and Netflix are trading at price-to-revenue levels that would take 30 years of optimum performance to come within these valuations. That is an opposite extreme of what's happening in the metals.   In November, I came up with a strategy for 2014 that is a very conservative equal-weighting basis to short the S&P through the SPDR S&P 500 ETF Trust, but to go long the Market Vectors Gold Miners ETF. It didn't really matter to me which way the S&P or the markets went – I would see outperformance of the miners.   TGR: And the biggest advantage of that trade is?   Michael Ballanger: It insulates from market risk. It's a market-neutral strategy in a hyperinflationary spiral where stocks actually do quite well. You can never underestimate the replacement value of stocks in an inflationary spiral. Warren Buffett is a great example: When he got worried about inflation a few years back he bought a big stake in Burlington Northern Santa Fe. Why? Because rails on the ground are a hard asset.   TGR: You suggest there are two ways of controlling the risk in this particular trade. Take us through those.   Michael Ballanger: It goes back to physical bullion. We had a double-bottom at $1180 per ounce on gold bullion in June and December. That level is the first risk control. If there is a two-day close with gold below $1180 per ounce, the double-bottom has aborted and it's a new down leg for bullion. You've got to exit the trade. The second risk control is related to portfolio management risk. Set a stop-loss point of 15%. If you violate that point, you're gone.   TGR: You've been quoted as saying, "I tried several times in 2013 to pick the top via the VIX [volatility index] only to watch in amazement as that invisible hand saves stocks every single time they looked ready to correct." The Federal Reserve recently lowered its monthly bond-buying program to $65 billion per month. How long can this go on?   Michael Ballanger: I've been monitoring investor sentiment numbers in Barron's magazine since I was a young broker in 1983. If there are four or five weeks where sentiment is above 65% bullish, I'd know it was time to start being conservative, raising cash. Last year, there were six consecutive months ABOVE 70%.   How long do I think this can last? It can last until the market decides that it's not working anymore, which I believe is going to be 2014.   But the magic hand still continues. It's called the Plunge Protection Team – the working group on capital markets established under President Ronald Reagan in the 1980s. After the crash of 1987, the government put together a group to prevent market crashes, which is against the free market philosophy that I've lived all my life. It has continually – day in, day out – made sure that that market stayed well bid. I have never seen a market that has hugged the 50- and 200-day moving averages with such amazing symmetry as it has 2013. It sets up the trade for January.   TGR: Gold mining juniors have performed well in January, a rebound from tax-loss selling season. Is it a seasonal bump or the turn of a corner?   Michael Ballanger: Juniors are turning a corner, but there is also a great seasonal effect. Look at the volume in the Market Vectors Junior Gold Miners ETF for November, December and January, compared to the last 18-24 months. There's a great expression: Volume precedes price. Those volumes, evidenced by the Market Vectors Junior Gold Miners ETF, are massive. That spells big, sophisticated money entering a trade. This was taking profits out of the blue chips and moving it into the massively depressed miners.   If you ask me where we're going to be at the end of the year, I think we entered into a new bull market in the junior mining sector in December at tax-loss selling. I think that bull market was artificially delayed by tax-loss selling and year-end portfolio rebalancing. I'm looking for an up for the junior miners – one that could be quite substantial – but one that demands selectivity and discipline.   TGR: What's your advice on how to navigate the illiquidity of many gold and silver stocks?   Michael Ballanger: Clients that need to maintain liquidity in taking large positions should consider ETFs. They usually won't have the $0.20 stock that goes to $3 or $4 because the junior mining company that gets included in an ETF is usually one that has already been recognized. Put the bulk of your assets in ETFs and reserve a little capital for one or two specific junior companies. It's a rifle approach as opposed to a shotgun approach.   TGR: What are some juniors that you're following?   Michael Ballanger: Rather than "follow" any particular name, for 2014 I have chosen to look at the junior miners in the context of sector versus specific company. And after a three-year, brutal bear market, the greater challenge will be to be proven correct in moving into the sector – period – rather then picking the individual name. Through the Market Vectors Junior Gold Miners ETF you own exposure to a basket of the most-advanced juniors while getting the liquidity of the ETF.   After the three-year bear market, the good guys are coming out of the ashes. You're going to be surprised how well some of these gold companies perform. Manage your portfolios so you have liquidity and diversification.   TGR: Parting thoughts for us, Michael?   Michael Ballanger: As a wealth manager, my job is balance risk versus reward potential. The most important thing for 2014 is going to be risk management. It's going to be a rollercoaster year if I'm correct in my assessment. Going long on miners and short on the S&P 500 is an excellent augmentation to the balanced portfolio approach.   TGR: Thanks, Michael. I've enjoyed speaking with you today.

Risk Control in Gold & Juniors Miner Stocks Posted: 05 Mar 2014 02:47 AM PST Junior gold miners might look to be rising from the ashes. But you need risk control...   ORIGINALLY trained during the inflationary 1970s, Michael Ballanger, director of wealth management at Richardson GMP, now has more than 30 years' experience as a junior mining and exploration specialist, as well as a solid background in corporate finance.   Ballanger's adherence to the concept of "Hard Assets" allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities. In this interview with The Gold Report, Ballanger talks about his investment ideas for 2014 and a less-risky twist on the balanced portfolio.   The Gold Report: In retrospect, investors should have been short mining equities and exchange-traded funds (ETFs) in early 2013. You have the opposite view for 2014. Please outline your strategy for us.   Michael Ballanger: The physical bullion silver and gold markets bottomed in the middle of last year and we thought mining shares would catch a bid soon after the physical market turned. As it would turn out, the mining shares hit new lows in December as they were caught in tax-loss selling and rebalancing. That set up a generational buying opportunity.   Additionally, I've never seen such black bearish sentiment numbers for gold – and I've been in the business 38 years. In contrast, tech darlings like Facebook, Twitter and Netflix are trading at price-to-revenue levels that would take 30 years of optimum performance to come within these valuations. That is an opposite extreme of what's happening in the metals.   In November, I came up with a strategy for 2014 that is a very conservative equal-weighting basis to short the S&P through the SPDR S&P 500 ETF Trust, but to go long the Market Vectors Gold Miners ETF. It didn't really matter to me which way the S&P or the markets went – I would see outperformance of the miners.   TGR: And the biggest advantage of that trade is?   Michael Ballanger: It insulates from market risk. It's a market-neutral strategy in a hyperinflationary spiral where stocks actually do quite well. You can never underestimate the replacement value of stocks in an inflationary spiral. Warren Buffett is a great example: When he got worried about inflation a few years back he bought a big stake in Burlington Northern Santa Fe. Why? Because rails on the ground are a hard asset.   TGR: You suggest there are two ways of controlling the risk in this particular trade. Take us through those.   Michael Ballanger: It goes back to physical bullion. We had a double-bottom at $1180 per ounce on gold bullion in June and December. That level is the first risk control. If there is a two-day close with gold below $1180 per ounce, the double-bottom has aborted and it's a new down leg for bullion. You've got to exit the trade. The second risk control is related to portfolio management risk. Set a stop-loss point of 15%. If you violate that point, you're gone.   TGR: You've been quoted as saying, "I tried several times in 2013 to pick the top via the VIX [volatility index] only to watch in amazement as that invisible hand saves stocks every single time they looked ready to correct." The Federal Reserve recently lowered its monthly bond-buying program to $65 billion per month. How long can this go on?   Michael Ballanger: I've been monitoring investor sentiment numbers in Barron's magazine since I was a young broker in 1983. If there are four or five weeks where sentiment is above 65% bullish, I'd know it was time to start being conservative, raising cash. Last year, there were six consecutive months ABOVE 70%.   How long do I think this can last? It can last until the market decides that it's not working anymore, which I believe is going to be 2014.   But the magic hand still continues. It's called the Plunge Protection Team – the working group on capital markets established under President Ronald Reagan in the 1980s. After the crash of 1987, the government put together a group to prevent market crashes, which is against the free market philosophy that I've lived all my life. It has continually – day in, day out – made sure that that market stayed well bid. I have never seen a market that has hugged the 50- and 200-day moving averages with such amazing symmetry as it has 2013. It sets up the trade for January.   TGR: Gold mining juniors have performed well in January, a rebound from tax-loss selling season. Is it a seasonal bump or the turn of a corner?   Michael Ballanger: Juniors are turning a corner, but there is also a great seasonal effect. Look at the volume in the Market Vectors Junior Gold Miners ETF for November, December and January, compared to the last 18-24 months. There's a great expression: Volume precedes price. Those volumes, evidenced by the Market Vectors Junior Gold Miners ETF, are massive. That spells big, sophisticated money entering a trade. This was taking profits out of the blue chips and moving it into the massively depressed miners.   If you ask me where we're going to be at the end of the year, I think we entered into a new bull market in the junior mining sector in December at tax-loss selling. I think that bull market was artificially delayed by tax-loss selling and year-end portfolio rebalancing. I'm looking for an up for the junior miners – one that could be quite substantial – but one that demands selectivity and discipline.   TGR: What's your advice on how to navigate the illiquidity of many gold and silver stocks?   Michael Ballanger: Clients that need to maintain liquidity in taking large positions should consider ETFs. They usually won't have the $0.20 stock that goes to $3 or $4 because the junior mining company that gets included in an ETF is usually one that has already been recognized. Put the bulk of your assets in ETFs and reserve a little capital for one or two specific junior companies. It's a rifle approach as opposed to a shotgun approach.   TGR: What are some juniors that you're following?   Michael Ballanger: Rather than "follow" any particular name, for 2014 I have chosen to look at the junior miners in the context of sector versus specific company. And after a three-year, brutal bear market, the greater challenge will be to be proven correct in moving into the sector – period – rather then picking the individual name. Through the Market Vectors Junior Gold Miners ETF you own exposure to a basket of the most-advanced juniors while getting the liquidity of the ETF.   After the three-year bear market, the good guys are coming out of the ashes. You're going to be surprised how well some of these gold companies perform. Manage your portfolios so you have liquidity and diversification.   TGR: Parting thoughts for us, Michael?   Michael Ballanger: As a wealth manager, my job is balance risk versus reward potential. The most important thing for 2014 is going to be risk management. It's going to be a rollercoaster year if I'm correct in my assessment. Going long on miners and short on the S&P 500 is an excellent augmentation to the balanced portfolio approach.   TGR: Thanks, Michael. I've enjoyed speaking with you today.

The Securitization Fraud That Collapsed the U.S. Housing Market - JPMorgan Chase Mortgage Fraud Posted: 05 Mar 2014 01:04 AM PST In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over a dozen major frauds, including LIBOR-rigging and bid-rigging; yet no prominent banker has gone to jail. Meanwhile, nearly a quarter of all mortgages nationally remain underwater (meaning the balance owed exceeds the current value of the home), sapping homeowners’ budgets, the housing market and the economy. Since the banks, the courts and the federal government have failed to give adequate relief to homeowners, some cities are taking matters into their own hands.

Ron Struthers: The Juniors Are Forging the Path Forward Posted: 05 Mar 2014 12:00 AM PST Is the bear market in mining equities finally over? It looks that way, says Ron Struthers, publisher and editor of Struthers' Resource Stock Report. In this interview with The Gold Report, Struthers... Visit the aureport.com for more information and for a free newsletter

Ron Struthers: The Juniors Are Forging the Path Forward Posted: 05 Mar 2014 12:00 AM PST Is the bear market in mining equities finally over? It looks that way, says Ron Struthers, publisher and editor of Struthers' Resource Stock Report. In this interview with The Gold Report, Struthers explains what distinguishes this recovery from past ones: TSX Venture Exchange stocks, not the majors, are leading the way. But which juniors should investors favor? Struthers names several with proven management, ample funding and good share structures.

Ron Struthers: The Juniors Are Forging the Path Forward Posted: 05 Mar 2014 12:00 AM PST Is the bear market in mining equities finally over? It looks that way, says Ron Struthers, publisher and editor of Struthers' Resource Stock Report. In this interview with The Gold Report, Struthers explains what distinguishes this recovery from past ones: TSX Venture Exchange stocks, not the majors, are leading the way. But which juniors should investors favor? Struthers names several with proven management, ample funding and good share structures.

You are subscribed to email updates from Save Your ASSets First To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610