Gold World News Flash

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• LBMA defense of London gold fixing distracts from central bank involvement
• The Secret World Of Gold
• The One Thing Most Desired By Chinese Consumers Is...
• Gene Arensberg: What's important -- what Comex participants say or what they do?
• Jerry Robinson -- Following The PetroDollar Down The Drain 16.Apr.14
• Gold Daily and Silver Weekly Charts - Counting Blessings and Tender Mercies
• It's Time To Retire Gross Domestic Product As A Measure of Prosperity
• Two Of The Most Remarkable Charts We’ve Seen This Year
• Jim’s Mailbox
• Gold And Silver – Gann, Cardnial Grand Cross, Mousetrap, And Wrong Expectations
• The Catastrophic End Game & Skyrocketing Gold Prices
• Buy Gold as "World Backs Away" from Dollar: Rickards
• Buy Gold as "World Backs Away" from Dollar: Rickards

LBMA defense of London gold fixing distracts from central bank involvement Posted: 19 Apr 2014 06:53 PM PDT 10:03p ET Saturday, April 19, 2014 Dear Friend of GATA and Gold: The March edition of the London Bullion Market Association's magazine, The Alchemist -- presumably named for the ability of LBMA members to turn gold into paper -- carries a long defense of the daily London gold price fixings against complaints that they are likely manipulated by their participating bullion banks. The defense, written by Peter Fertig, director of QCR Quantitative Commodity Research Ltd., maintains that there are plausible explanations for the aspects of the fixings that have been called suspicious by Professor Rosa Abrantes-Metz of New York University's Stern School of Business. Plausible explanations or not, Fertig declines to explain the necessity of the peculiarly closed and elite mechanism of the London fixes, a mechanism not used and indeed not allowed in any other commodity or currency market. Fertig acknowledges only briefly that peculiarities in London gold fix prices may have something to do with central banks. "During the period under investigation," Fertig writes, "many central banks had been sellers of gold." ... Dispatch continues below ... ADVERTISEMENT Silver mining stock report for 2014 comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: http://fmturl.com/gata/ Indeed, probably every bullion bank participating in the London gold fixes is used by various central banks as cover for surreptitious intervention in the gold and currency markets. At least that is the powerful implication of the secret March 1999 report of the staff of the International Monetary Fund, which found that Western central banks are determined to conceal their gold swaps and leases to facilitate their surreptitious interventions: http://www.gata.org/node/12016 How much more useful Fertig's research would be if it examined whether the bullion banks in the London fixes get gold or pledges of gold from central banks and function in effect as the agents of central banks in the gold market. But like everyone else connected with the London gold fix, and like all mainstream financial news organizations themselves, Fertig can't put a single critical question to central banks about their participation in the gold market. The first rule of mainstream analysis of the gold market is never to question the market's primary participants. This turns all such analysis into mere distraction, which usually seems to be the objective. At least Barrick Gold, once the big hedger among gold miners, admitted a decade ago that it had become an agent of central banks when it borrowed their gold and sold it into the market: http://www.gata.org/node/1858 Those who advocate free and transparent markets in the monetary metals and limited government rather than totalitarian government may hope that the class-action lawsuits starting to be brought against the London gold-fixing banks eventually will compel them to claim the same immunity Barrick claimed when it was sued for gold market rigging. That is, a claim of immunity as the agent of central banks, a claim that will put responsibility for gold market manipulation where it most belongs. Fertig's essay is titled "Has There Been a Decade of London PM Gold Fixing Manipulation?" and it's posted in PDF format at the LBMA's Internet site here: http://www.lbma.org.uk/assets/blog/alchemist_articles/Alch73Fertig.pdf CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * Join GATA here: Porter Stansberry Natural Resources Conference AT&T Performing Arts Center Margot and Bill Winspear Opera House 2403 Flora St., Dallas, Texas Saturday, May 31, 2014 http://stansberrydallas.com/ Committee for Monetary Research and Education Spring Dinner Meeting Union League Club, New York City Thursday, May 22, 2014 http://www.cmre.org/news/spring-meeting-2014/ 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... New Orleans Investment Conference Wednesday-Saturday, October 22-25, 2014 Hilton New Orleans Riverside Hotel New Orleans, Louisiana https://jeffersoncompanies.com/new-orleans-investment-conference/home * * * 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

The Secret World Of Gold Posted: 19 Apr 2014 06:22 PM PDT In light of the Chinese demand we discussed earlier, the ongoing manipulation of 'rigged' markets everywhere, and rising geopolitical tensions (as the de-escalation continues), we thought it worth dusting off this excellent  and wide-ranging look at the history and present of the barbarous relic, gathering many perspectives (pro and con) on gold. The following documentary moves from historical shipwrecks to Nazi 'death gold' and England's war chest to recent years where widespread economic uncertainty has given the yellow metal a "new luster in the world of high finance." Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years. As MacDonald says, whether it's a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold. But there's not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool. Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone - that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold - and who really owns it?

The One Thing Most Desired By Chinese Consumers Is... Posted: 19 Apr 2014 06:20 PM PDT Hint: it's not designer clothes, shoes, bags or watches.   And some additional explanation from the World Gold Council: The Chinese traditionally regard gold as a form of money. Indeed, the character for gold in Mandarin (jin) is also a synonym for money. This is an important fact when it comes to the motivations behind the purchase of jewellery. Asian buyers of plain, 22 or 24 carat jewellery have no doubt in their mind that they are buying gold as well as an object of beauty that can be worn. The perception of value is very important in markets such as India and China where plain, very high carat or 'pure gold' articles bought on low-mark-ups comprise the majority of gold jewellery consumption. As such, the level and direction of local gold prices usually have an important bearing on jewellery consumption. This was very clear in 2013 when in April of that year the sudden slump in prices triggered an extraordinary wave of buying in China. Consumers perceived this as a unique opportunity to exchange renminbi for gold at a very favourable rate. It was also of course a chance to bring forward planned purchases for gifts or weddings, especially as the consensus was that prices were bound, eventually, to move a good deal higher.   World Gold Council consumer research indicates that consumers remain very positively disposed towards 'pure gold' jewellery. It might be thought that the disappointing price trend in the second half of 2013 had undermined this optimism as well as the public's desire to purchase 'pure gold' jewellery. This does not seem to be the case. An extensive consumer survey conducted towards the end of 2013 on behalf of the World Gold Council illustrates how China's population continues to view 'pure gold' jewellery as a form of money, with little indication that this traditional attitude will change any time soon. Asked whether they agreed with the statement that 24 carat gold jewellery "...is as much an investment as it is a fashion item" no less than 80% of the sample agreed, while only 4% disagreed (16% held no view either way). Agreement levels were strong across all respondents. Moreover, support for future demand is strong: in a separate survey of over 10,000 Chinese consumers, 76% of those aged between 18 and 27 also affirmed 'pure gold' jewellery's investment status. And the majority of respondents planned to maintain or increase their spending on 24 carat gold jewellery over the next 12 months (44% and 35% respectively. h/t @RudyHavenstein

Gene Arensberg: What's important -- what Comex participants say or what they do? Posted: 19 Apr 2014 06:07 PM PDT 9p ET Saturday, April 19, 2014 Dear Friend of GATA and Gold: Gene Arensberg's Got Gold Report discloses tonight that the major gold futures market participants classified as producer merchants have the smallest short position in eight years. The industry, Arensberg writes, is expecting higher prices. His commentary is headlined "What's Important -- What the Comex Participants Say or Do?" and it's posted at the GGR Internet site here: http://www.gotgoldreport.com/2014/04/whats-important-what-the-comex-part... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Jim Sinclair to hold gold market seminar in Toronto on April 26 Mining entrepreneur and gold advocate Jim Sinclair's next gold market seminar will be held from 1 to 5 p.m. Saturday, April 26, at the Pearson Hotel & Conference Centre at Toronto's Pearson International Airport, 240 Belfield Road, Toronto. For details on tickets, please visit Sinclair's Internet site, JSMineSet.com, here: http://www.jsmineset.com/2014/04/01/toronto-qa-session-announced/ Join GATA here: Porter Stansberry Natural Resources Conference AT&T Performing Arts Center Margot and Bill Winspear Opera House 2403 Flora St., Dallas, Texas Saturday, May 31, 2014 http://stansberrydallas.com/ Committee for Monetary Research and Education Spring Dinner Meeting Union League Club, New York City Thursday, May 22, 2014 http://www.cmre.org/news/spring-meeting-2014/ 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... New Orleans Investment Conference Wednesday-Saturday, October 22-25, 2014 Hilton New Orleans Riverside Hotel New Orleans, Louisiana https://jeffersoncompanies.com/new-orleans-investment-conference/home * * * 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

Jerry Robinson -- Following The PetroDollar Down The Drain 16.Apr.14 Posted: 19 Apr 2014 05:41 PM PDT We caught up with our friend Jerry Robinson and discussed the following: Russia declares war on the Dollar;Palladium hits 32 month high and broke $800;Gold buy signal coming in 3-4 months;Analysis of mining stocks performance during a market crash. [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Gold Daily and Silver Weekly Charts - Counting Blessings and Tender Mercies Posted: 19 Apr 2014 04:32 PM PDT Le Cafe Américain

It's Time To Retire Gross Domestic Product As A Measure of Prosperity Posted: 19 Apr 2014 03:34 PM PDT Submitted by Charles Hugh-Smith of OfTwoMinds blog, What if we used wellness (Gross Domestic Happiness) as a metric for prosperity rather than GDP? Distilling an economy's success in delivering "prosperity" to a single number has outlived its purpose. Zachary Karabell describes the birth of GDP in far less complex times in (Mis)leading Indicators: Why Our Economic Numbers Distort Reality (Foreign Affairs): A GDP that is growing in sync with expectations can enhance a country's reputation and thus its strength and power. A GDP that is contracting or failing to meet expectations, on the other hand, can lead to disaster. Yet a hundred years ago, the concept of GDP did not exist; history unfolded without it. The United States, for example, managed to win its independence, fight a civil war, and conquer a continent without any measure of national income. GDP's origins lie in the 1930s, when economists and policymakers in the United States and the United Kingdom struggled to understand and respond to the Great Depression.   It is not terribly surprising that economists and policymakers came to favor a statistical technique that helped the United States survive a depression and win a war. But not even the economists who invented this metric imagined that GDP would become so central to every state in the world within a few short decades. The problem is this radical reductionism at the heart of any single measure is irrevocably flawed:   Leading indicators were invented to measure the economies of the industrial nation-states of the mid-twentieth century. In their time, they did so brilliantly. The twenty-first century, however, is proving more challenging to measure. Industrial nation-states have given way to developed economies rich in services and to emerging industrial economies exporting goods made by multinational companies. The statistics of the 20th century were not designed for such a reality, and despite the assiduous efforts of statisticians, they cannot keep up. These shifts have created a temptation to find new formulas, better indicators, and new statistics. But the belief that a few simple numbers or basic averages can capture today's multifaceted national and global economic systems is a myth that should be abandoned. Rather than seeking new simple numbers to replace old simple numbers, economists need to tap into the power of the information age to figure out which questions need to be answered and to embrace new ways of answering them. The limitations of GDP are so severe that the number is at best misleading. Karabell identifies three intrinsic flaws in any single-number scheme to measure GDP: 1. GDP does not include vast swaths of economic output and value 2. GDP is useless in measuring real-world trade 3. GDP counts digging a hole and filling it but not conservation of energy or resources. If a steel mill produces pollution that then requires a cleanup, both the initial output (the steel) and the cost of addressing its byproduct (the cleanup) add to GDP. So, too, would the cost of health care for any workers or residents injured or sickened by the pollution. Conversely, if a company replaces its conventional light bulbs with long-lasting LED bulbs and, as a result, spends less on lighting and electricity, the efficiency gains would detract from GDP. Yet few would argue that the pollution example represents a positive development or that the lighting example constitutes a negative one. The simplistic assignment of "import" and "export" completely misses the reality of modern manufacture and trade, where parts come from multiple nations. As Karabell explains:   If trade numbers more accurately accounted for how products are made, it is possible that the United States would not have any trade deficit at all with China. The problem, in short, is that trade figures are currently calculated based on the assumption that each product has a single country of origin and that the declared value of that product goes to that country. Thus, every time an iPhone or an iPad rolls off the factory floors of Foxconn (Apple's main contractor in China) and travels to the port of Long Beach, California, it is counted as an import from China. A more reasonable standard, of course, would recognize that iPhones and iPads do not have a single country of origin. More than a dozen companies from at least five countries supply parts for them. Infineon Technologies, in Germany, makes the wireless chip; Toshiba, in Japan, manufactures the touchscreen; and Broadcom, in the United States, makes the Bluetooth chips that let the devices connect to wireless headsets or keyboards.   Taking these facts into account would leave China, the supposed country of origin, with a paltry piece of the pie. Analysts estimate that as little as $10 of the value of every iPhone or iPad actually ends up in the Chinese economy, in the form of income paid directly to Foxconn or other contractors. I have addressed this issue for years, for example: Trade War with China: Who Benefits? (April 11, 2007) Trade and "Trade War" with China: Who Benefits? (October 5, 2010) No single number, regardless of the inputs, can possibly reflect the real economy. Karabell concludes: How entrepreneurs run effective businesses; how individuals buy homes, pay for college, or retire -- none of those decisions should be based on the leading indicators of the last century. Old attachments to those indicators, and to the myth that there is something called "the economy" that affects all people equally, poses a major obstacle to progress. Karabell also discusses what I call the propaganda value of GDP:   These measurements were not invented to serve as absolute markers of national success or failure or to indicate whether some governments were visionary and others destructive. But the transformation of these numbers from statistics into markers of national success happened so quickly over the course of a few decades that no one quite noticed what was happening. I tend to think political authorities knew exactly what was happening: they realized that their own credibility could be boosted by a rigged GDP number. Thus we have the central government of China issuing blatantly bogus claims of 7+% annual GDP, as anything less will severely erode their claim of managerial brilliance. In our own propaganda-dependent state, GDP is almost always positive, much like corporate earnings always beat expectations by a penny. But we should be paying attention to an even deeper critique of GDP: that prosperity no longer depends of the "growth" of consumption, financialization, etc. but on the Degrowth of narcissistic consumerism and more efficient use of resources and capital. What if we used Bhutan's guiding national policy of Gross Domestic Happiness, as a metric for prosperity? A second-generation GNH concept, treating happiness as a socioeconomic development metric, was proposed in 2006 by Med Jones, the President of International Institute of Management. The metric measures socioeconomic development by tracking seven development areas including the nation's mental and emotional health.GNH value is proposed to be an index function of the total average per capita of the following measures: 1. Economic Wellness: Indicated via direct survey and statistical measurement of economic metrics such as consumer debt, average income to consumer price index ratio and income distribution   2. Environmental Wellness: Indicated via direct survey and statistical measurement of environmental metrics such as pollution, noise and traffic 3. Physical Wellness: Indicated via statistical measurement of physical health metrics such as severe illnesses   4. Mental Wellness: Indicated via direct survey and statistical measurement of mental health metrics such as usage of antidepressants and rise or decline of psychotherapy patients   5. Workplace Wellness: Indicated via direct survey and statistical measurement of labor metrics such as jobless claims, job change, workplace complaints and lawsuits 6. Social Wellness: Indicated via direct survey and statistical measurement of social metrics such as discrimination, safety, divorce rates, complaints of domestic conflicts and family lawsuits, public lawsuits, crime rates   7. Political Wellness: Indicated via direct survey and statistical measurement of political metrics such as the quality of local democracy, individual freedom, and foreign conflicts. Here in the U.S., we give lip-service to all these values, but ask yourself: where do we spend most of our time? Serving our masters in the State/crony-cartel economy, creating GDP. Yes, we all still need to earn a livelihood, but imagine a society constructed around generating Gross Domestic Happiness instead of GDP. The power structure would collapse because none of these activities generate enough profits or taxes to keep the Machine operational. It is a sad statement that we often only awaken to real value and meaning when we've run out of time to change the way we "invest" our time.

Two Of The Most Remarkable Charts We’ve Seen This Year Posted: 19 Apr 2014 02:58 PM PDT As the world seems to hurtle from one crisis to another, today a man out of Europe who has been extremely accurate with his calls on the gold market sent King World News two of the most remarkable charts we've seen this year. He also included some fantastic commentary to go along with the key charts. Below is the exclusive KWN piece by Ronald-Peter Stoferle of Incrementum AG out of Liechtenstein. This posting includes an audio/video/photo media file: Download Now

Jim’s Mailbox Posted: 19 Apr 2014 12:52 PM PDT Jim, Per your recent post on bail ins, many people either don’t realize or just simply cannot do the math. They read the headlines of only having two absorbent 8% losses which too many does not seem like a big deal. However if they read it closely it’s enough to completely collapse their entire savings.... Read more » The post Jim’s Mailbox appeared first on Jim Sinclair's Mineset.

Gold And Silver – Gann, Cardnial Grand Cross, Mousetrap, And Wrong Expectations Posted: 19 Apr 2014 12:51 PM PDT W D Gann has long been recognized as an astute market trader, and followers of Gann have been trying to figure out his genius. The best way to describe how he made so many successful market calls is, in a word, astrology. Having died in 1955, we did not know him, but we were fortunate enough to have met and befriended his assistant, Robert Courter. He, too, has since died, but he confirmed what many who study Gann know, that William Delbert Gann was an extraordinary astrologer, exceptional. The Square of Nine, the Circle of 360, his Hexagon, and Master Charts were all based on astrology. He did not openly admit that in his newsletters and writings, but he often mentioned "wheels within wheels," which was how the planets revolved around the Sun. Most people believe astrology to be akin to reading tea leaves or using a Ouija board, and he did not want to be put into that category. We will not get into astrology and the markets, but we have observed direct correlations between planetary movements and price action in stocks and futures. Not being astrologically adept, we leave it to others but acknowledge its validity. The point in mentioning Gann and astrology is next week's big astrological event, a Cardinal Grand Cross. Between April 20th through April 23rd, there are four days of supreme astrological intensity. They are bookended by the Full Lunar Eclipse, just passed on the 15th, and an Annular Solar Eclipse on the 29th. [Anyone can do an internet search to understand some of the terms below, like we just did to find out what a Blood Moon is.] Essentially, on 23 April, Pluto will be 180 degrees, [opposite] from Jupiter, and Mars will be 180 degrees from Uranus. All will be in the 13th degree of their respective Sun signs, forming a cross shape, thus the Cardinal Grand Cross. As the term implies, "opposition," usually entails a major polarizing effect. What can happen? The Ukrainian situation igniting that leads to war would be one example. Anyone interested can look up more. We just wanted to mention it because it could have an impact on world events, and to let people that from an astrological view, it was known ahead of time. [Not a specific event, but the basis for one.] Gann was mentioned to tie in a highly respected market guru with market astrology. Plus. we have witnessed market moves that were known to be timed to planetary aspects, in advance, and as recently as last week. 4/15. Full Lunar Eclipse aka a 'Blood Moon' (4 consecutive Blood Moons throughout 2014 and 2015) 4/20. Easter Sunday (Roman Catholic & Eastern Orthodox) 4/20. Uranus squares Jupiter 4/20. Pluto opposes Jupiter 4/20. T-square peaks: Jupiter-Uranus-Pluto 4/21. Uranus-Pluto square (#5 of 7) 4/21. Grand Trine peaks: Venus-Jupiter-Saturn 4/22. Jupiter squares Mars 4/22. GRAND CROSS PEAKS: MARS-JUPITER-URANUS-PLUTO (2014′s most powerful astrological event!) 4/23. Uranus opposes Mars 4/23. Pluto square Mars 4/23. T-square peaks: Mars-Uranus-Pluto 4/29. Solar Eclipse (Annular) Source: AstroShaman.com You would think that how the fundamentals have been so misleading to so many in the PMs community, that more would pay attention to what the market says and less to what others have to say about the markets. It is like building a better mousetrap and expecting people to come flocking to buy it, which they do not. Why not? Creatures of habit may be the simplest answer. We see charts as the "improved mousetrap," as it were, and superior as a tool for market timing over fundamentals, or any other similar undertaking, for relating to what and when to buy in the markets. Still, there are not that many converts who pay more attention to what the market is saying. The one thing we know for sure is, regardless of whatever one has in the form of expectations, they are always subordinate to the final arbiter over price, and that is the market itself. We make such a distinction on the daily silver chart, at the end. For now, here is our ongoing read of developing market activity for gold and silver: For months, we have been saying that the gold charts are not indicating a wild or even a sustained move higher. To the contrary, despite all the positive fundamentals for demand, on so many levels, price is marching to a different tune, far removed from all the known and highly constructive news about gold. If you were to base your decision-making on news alone, one is not making any money from buying gold. Does that mean one should refrain from buying it? The best answer comes from knowing your objectives. If you want security from the out-of-control fiat spending of all Western governments, then yes, this continues to be the time to buy gold, [and silver]. In addition to the insane and unprecedented creation of "money out of thin air," world-wide events are turning darker and darker. Gold and silver remain one of the best means for attaining financial peace of mind, and one of the best forms of wealth preservation. In this regard, price is of no consequence. Ownership is. Stay the course. There is ample evidence that your own government sees any money you hold in banks as theirs for the taking, [Cyprus, Greece, Ireland]. Rules, laws, statutes are already in place to have your funds confiscated, if you [wrongly] believe that it cannot happen to you. Both in the US and UK, at a minimum, there have been several published stories about people's safety deposit boxes raided for their gold and silver contents. If you do not want to be subjected to what is going on, and will surely only get worse and more widespread, than yes, buying gold and silver makes sense, not to make money, as an incorrect measure in the short-term, but to be safe and secure in protecting what you already have from being confiscated, in some manner. Obviously, owning and holding PMs means you do not keep it in some bank or [not so] safe deposit box. If you want to be profiting from owning gold, [and silver], then no, now is not the time to be committing to the long side, in general. That is more of a function of trading, and futures and options are the typical choices. We do not trade options, so they are never a topic of the charts we discuss. The best we can say about gold is that it may be transitioning from its protracted down trend. The signs that gold remains under pressure are still there, bearish spacing, lower swing highs, etc, and that means any buying has to be very select, or not at all, again, profit being the only objective. The chart comments are apt, and we will add that in addition to the high volume from four weeks ago, the very small range bar, at the low, supports the prospects that the bottoming process continues with increasing positive signs. That can change next week, if the market were to make lower lows, but unless and until that kind of event happens, we can only draw conclusions from facts that are known, and not from what may or may not happen. gold price For whatever reason that it happened, last week's wide range bar down on sharply higher volume may contain price activity for the next several TDs, [Trading Days]. Look at the wide range bar lower, at the beginning of April, in the weekly chart above. It captured price within its range for the next 7 trading weeks. Then, at the end of April, same chart, there were two large bars down, and with the exception of a brief rally above the first of those two bars, price has been trading with their range for the past year! Because price closed well off the low of last Tuesday's sell-off, the sharply higher volume, and price at important support, tells us buyers are defending the 1280 +/- area as support. gold price Silver keeps trying. It is like the Little Engine That Could: "I think I can, I think I can…" One day, now sooner than later, it will move higher and get over the hill. As you view the daily chart, you can see price moving farther and farther along the RHS, [Right Hand Side] of the ongoing TR, [Trading Range]. The farther along price moves on the RHS, the closer it gets to reaching a final resolve, or a breaking free of the TR. That it is occurring at such a low-level, and at important support, an upside breakout is more likely. However, it is still possible for one more move lower to totally wash out weak hands and trigger sell stops, at the same time. silver price Combined with comments on the weekly TR, you can see that silver just had a break to the downside of its recent little TR. We see it as a positive development because of how it happened: wide range, highest contract volume, close off the low, and no downside follow-through for next two TDs. Forget about your own expectations for higher prices, at least in the sense of wanting higher prices as soon as possible. It is the market that determines where price trades and for how long. Higher prices are coming! This is where all the developing fundamentals are put into a context, but the timing for when price will justify the fundamental expectations is determined by market activity. That activity, as just described, and as we have been saying for over a year, is saying, quite clearly, neither silver nor gold are showing evidence of an imminent move higher. Adjust your expectations to what the market is saying, and you will lower your anxiety level for disappointment and align yourself for what is. The definitions of is is that which is going on, right now, and not what is in your own mind, re gold and silver. silver price

The Catastrophic End Game & Skyrocketing Gold Prices Posted: 19 Apr 2014 11:00 AM PDT Today a legendary trader and investor spoke with King World News about the catastrophic end game and skyrocketing gold prices. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros. Another legend, hedge fund manager Paul Tudor Jones, said, "Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager." Incredibly, Sperandeo was interviewed in Barrons in September of 1987, where, with astonishing accuracy, he predicted that the stock market would crash. The market crash took place one month later and it just added to his legendary reputation. Below are the warnings issued by Sperandeo regarding the end game and gold. This posting includes an audio/video/photo media file: Download Now

Buy Gold as "World Backs Away" from Dollar: Rickards Posted: 19 Apr 2014 09:35 AM PDT Investors should put 10-20% into bullion and adopt their own Gold Standard...   JAMES RICKARDS, author of the national best-seller Currency Wars: The Making of the Next Global Crisis, was my guest this week on New York Markets Live, writes Miguel Perez-Santalla at BullionVault.   Talking about his latest book, the recently released New York Times bestseller, The Death of Money: The Coming Collapse of the International Monetary System, James Rickards told me how he sees a looming crisis building for the Dollar, plus his recommended solutions for the private investor.   "I recently returned from a trip to Switzerland," he told me. "I did not go to any banks. I went to the gold refiners to find out what was actually happening with physical gold.   "I met with the head of precious metals for one of the largest refiners. He's producing about 20 tons a week in gold. China's buying half of it. China's dumping Dollars to get gold. Russia's backing away from the Dollar for geo-political reasons. Saudi Arabia is also backing away from the Dollar."   What can investors do?   "Take 10% of your Dollars if you're conservative, 20% if you're aggressive, and put it into physical gold. Even if the currency is devalued you have your own personal gold standard to preserve your wealth," said Rickards.   Current Business Podcasts at Blog Talk Radio with New York Markets Live on BlogTalkRadio   James Rickards is a portfolio manager at West Shore Group and a partner in Tangent Capital Partners, a merchant bank based in New York.   He is also a counselor and investment advisor and has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates.    Reviewing how the US central bank has mismanaged the Dollar, "The Fed's moves are based on a false assumption that the markets can operate in balance with some occasional government interference," said Rickards.   "Although the government is shoring up the economy in the short-term, the currency system will eventually erode. Central banks understand that gold retains enduring value, and that's why they are buying and storing gold."   Hear the full 30-minute interview here.

Buy Gold as "World Backs Away" from Dollar: Rickards Posted: 19 Apr 2014 09:35 AM PDT Investors should put 10-20% into bullion and adopt their own Gold Standard...   JAMES RICKARDS, author of the national best-seller Currency Wars: The Making of the Next Global Crisis, was my guest this week on New York Markets Live, writes Miguel Perez-Santalla at BullionVault.   Talking about his latest book, the recently released New York Times bestseller, The Death of Money: The Coming Collapse of the International Monetary System, James Rickards told me how he sees a looming crisis building for the Dollar, plus his recommended solutions for the private investor.   "I recently returned from a trip to Switzerland," he told me. "I did not go to any banks. I went to the gold refiners to find out what was actually happening with physical gold.   "I met with the head of precious metals for one of the largest refiners. He's producing about 20 tons a week in gold. China's buying half of it. China's dumping Dollars to get gold. Russia's backing away from the Dollar for geo-political reasons. Saudi Arabia is also backing away from the Dollar."   What can investors do?   "Take 10% of your Dollars if you're conservative, 20% if you're aggressive, and put it into physical gold. Even if the currency is devalued you have your own personal gold standard to preserve your wealth," said Rickards.   Current Business Podcasts at Blog Talk Radio with New York Markets Live on BlogTalkRadio   James Rickards is a portfolio manager at West Shore Group and a partner in Tangent Capital Partners, a merchant bank based in New York.   He is also a counselor and investment advisor and has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates.    Reviewing how the US central bank has mismanaged the Dollar, "The Fed's moves are based on a false assumption that the markets can operate in balance with some occasional government interference," said Rickards.   "Although the government is shoring up the economy in the short-term, the currency system will eventually erode. Central banks understand that gold retains enduring value, and that's why they are buying and storing gold."   Hear the full 30-minute interview here.

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