Gold World News Flash

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• Safe Havens Boost Gold
• Market Report: How oversold can gold get?
• World Monetary System On The Way To A New Gold Standard
• The Central Bankers Hope War Will Mask The Economic Collapse
• The Outrageous U.S. Fiscal Reality
• The Crisis of Confidence in US Hegemony
• Grant Williams On Gold As An "Unsure-ance" Policy
• 12 Numbers Which Prove That Americans Are Sick And Tired Of Politics As Usual
• After the Gold Prices Dramatic Reversal Yesterday it Gained Another $10.20 to $1,300.70
• After the Gold Prices Dramatic Reversal Yesterday it Gained Another $10.20 to $1,300.70
• A False Requiem for Gold and Silver
• Man Censored On CNBC Says Gold Worth At Least $6,000 Today
• Gold Daily and Silver Weekly Charts - Madness, Ending Badly
• Gold Daily and Silver Weekly Charts - Madness, Ending Badly
• Imagine how much more disease might be eradicated by a free-market gold price
• Felix Zulauf: Central banks aren't stimulating but creating 'carry trades'
• Don’t Miss The Biggest Biotech Market EVER!
• Felix Zulauf - The World Monetary System Is Going To Collapse
• Steve St. Angelo: U.S. gold exports to Hong Kong explode to record in January
• Canadian bank CIBC starts selling real gold, not just paper
• Alasdair Macleod: Fiat money quantity update and valuing gold
• World Monetary System On The Way To A New Gold Standard
• U.S. suits hobble Deutsche Bank's bid to sell gold fix seat
• Will regulators and journalists ever dare to look behind the London gold fix banks?
• The Dollar Under Siege
• U.S. Exports A Record Amount Of Gold To Hong Kong
• Gold Futures Selloff Wanes, Short Squeeze Coming?
• Gold, Crude Oil and S&P500 Elliott Wave Outlook
• What is the future of gold?
• Pathogenesis Of Systemic Failure - Change Agents For Crisis Climax
• Gold Prices Break $1300, Hit 11-Year Record Negative Correlation with US Stocks
• How Oversold Can Gold Price Get?
• Gold and Silver Prices - Filtering Out the Noise
• Gregson: 'It will be hard for gold to perform in 2014'
• Has the Stock Market S&P Topped At Exactly The Same Price As Gold?

Safe Havens Boost Gold Posted: 26 Apr 2014 12:30 AM PDT from Dan Norcini: Once again, it is back to tracking events in Ukraine when it comes to gold. Traders are running away from risk and into the usual safe havens ( gold, bonds and the Yen). This is going to be the scenario until something changes over there so get used to it. As I mentioned yesterday, it is basically a crap shoot. Those who expect the events to get worse are buying gold; those who expect them to be more contained are selling the rally. Both sides are utterly dependent on what happens next but more importantly, what is PERCEIVED to be the course of events. Read More @ TraderDanNorcini.Blogspot.com

Market Report: How oversold can gold get? Posted: 25 Apr 2014 11:30 PM PDT by Alasdair Macleod, Gold Money: Gold is now extremely oversold, with emotional opinion in paper markets unanimously bearish. Traders tell us the 200-day moving average is well and truly broken and the next support level is $1260. However, when gold broke down through the $1280 level yesterday it rallied sharply to test the $1300 level in a one-day spike reversal. Market chat and technical analysis are one thing; more important are the motives behind the commentary, revealed by a dispassionate look at Comex figures. And here we see that Producers and Merchants short positions have fallen to an eight-year low at 73,033 contracts, against a long term average of 186,400. This is the primary source of liquidity for all futures markets, and it has simply dried up. Read More @ GoldMoney.com

World Monetary System On The Way To A New Gold Standard Posted: 25 Apr 2014 09:40 PM PDT from KingWorldNews: The Monetary System At The Crossroads – On The Way To A New Gold Standard? "The modern mind dislikes gold because it blurts out unpleasant truths" Joseph Alois Schumpeter We have pointed at the gradual remonetisation of gold since our very "In Gold we Trust" Report. While it had formerly been up to a handful of critical minds to question our monetary system, high-profile politicians and central bankers have meanwhile offered their opinions, too. During the last few years we saw numerous signals which indicated the fact that gold was gradually becoming "politically correct." Robert Zoellick, President of the World Bank and former member of the Bush cabinet, had this to say about the gold standard: Ronald Stoferle continues @ KingWorldNews.com

The Central Bankers Hope War Will Mask The Economic Collapse Posted: 25 Apr 2014 09:35 PM PDT Greece still needs the EU to help keep the country from collapsing. French jobless rates hit all time high and the French economy is imploding. Russia accelerates plans to back a eurasion currecny with gold. The US is now provoking North Korea and working on placing new sanctions on the... [[ 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 Outrageous U.S. Fiscal Reality Posted: 25 Apr 2014 09:00 PM PDT from Merit Gold:

The Crisis of Confidence in US Hegemony Posted: 25 Apr 2014 08:03 PM PDT Submitted by Chen Jimin via The Diplomat, The 21st century is still young, but it has already presented the United States with a series of internal and external challenges. In the very first year, the U.S. faced a major security threat from non-state actors manifest in the 9/11 terrorist attacks, which completely changed Americans’ traditional view of their homeland as a safe haven. Following the attacks, the Bush administration launched its global war on terrorism. Rather than achieve its stated objective, however, the war placed the U.S. under fiscal pressure and damaged its international standing. Meanwhile, America now faces a new challenge: the rise of non-Western countries, a development likely to have a much more far-reaching impact on U.S. hegemony. When U.S. President Barack Obama took office, he found that global power had subtly but irreversibly shifted in a way that reflected the new features of the international system. Thus, in the U.S. National Security Strategy (2010), the administration acknowledged that the international system needed to adjust to accommodate the interests of new centers of power. Even as the United States was trapped in two wars, the U.S. domestic economy was  facing its own crisis: the meltdown that followed the collapse of Lehman Brothers. Out of the recession that followed, new political and social movements emerged. The rise of Tea Party in 2010 produced a rupture in domestic politics. Late in September 2011, Occupy Wall Street targeted injustices in American society. Political squabbles on domestic issues such as health care, immigration reform, and the debt ceiling have had repercussions for U.S. diplomacy. For instance, Obama was absent from the APEC summit last year largely because of the government shut-down. In the name of fiscal austerity, the U.S. Department of Defense was required to cut military spending by $487 billion over the next decade. U.S. Defense Secretary Chuck Hagel was prompted to complain: “these cuts are too fast, too much, too abrupt, and too irresponsible,” asserting that they would seriously restrict America’s readiness and ability to respond to challenges. Indeed, the limits of U.S. military strength are already evident. One example could be found in the so-called “leading from behind” strategy in the Libyan war, which reflected constraints on U.S. forces. Washington’s Ukraine policy today is another example. Obama has made it clear that “We are not going to be getting into a military excursion in Ukraine.” At a joint press conference with Italian Prime Minister Matteo Renzi on March 27, he stressed that the U.S. would not make promises to Ukraine it could not keep. In both cases, the embarrassment for the United States lay not only its “defensive” geostrategic posture, but also in the questions raised by its allies over its ability to fulfill the commitments. This distrust has implications for Washington’s ability to retain global leadership, given that the international order created and dominated by the United States depends heavily on the broad U.S. alliance and partner network. The elements that support this network are the comprehensive power of the U.S. and the confidence that it will provide protection at a critical moment. How does the U.S. ask its allies and partners to retain confidence in those security commitments when it is in decline? There are two ways: one is to constantly stress that the U.S. has the ability and willingness to fulfill its obligations. This is what Washington is currently doing. For example, on March 20, 2014, Obama stressed that “America’s support for our NATO allies is unwavering” when delivering a speech on the Ukraine crisis. On March 26, he reiterated this point during a meeting with NATO Secretary General Anders Fogh Rasmussen. Before visiting Japan, Chuck Hagel told a press briefing that “another reason I’m here is to reassure our allies of our commitments to their security.” Obama is currently visiting four Asia countries, including its major allies in the region, Japan and South Korea. One of the main aims of the trip is to tell the allies and partners that the U.S. is and will be a Pacific power whatever the international situation. National Security Advisor Susan Rice said on April 18: “The President’s trip to Asia is an important opportunity to underscore our continued focus on the Asia Pacific region…The President will reaffirm as well our steadfast commitment to our allies and partners, which allow us to deter threats and respond to disasters.” The other approach is to demonstrate the effectiveness of U.S. security commitments through action. For example, the United States may take practical steps to support the interests demands of its allies or partners in international disputes, such as providing weapons to some countries, deploying advanced weapons systems to relevant areas, and conducting military exercises with its allies. However, this latter approach is not without risk. First, the United States could find itself drawn into international disputes and forced to make clear its position on the issues. In the past, the United States has adopted a strategic ambiguity towards international disputes that did not involve its core interests. Second, the United States could face real strategic risks, such as conflict with another major power. History tells us that when one hegemon is in decline, international relations become more complex and uncertainties increase the risks. We may be in such a period today. But if the declining hegemon is careful in its strategic choices, and if other powers take into account its real interests and need for prestige, history need not necessarily repeat.

Grant Williams On Gold As An "Unsure-ance" Policy Posted: 25 Apr 2014 06:01 PM PDT The Fed has launched everyday Americans and investors into uncharted economic territory... The Fed's money-printing policies have driven the markets straight upward, lighting up a new post-crash asset bubble. Their constant price fixing creates, prolongs, and inflates the cycle of booms and busts... and since gold is the ultimate insurance policy against that type of uncertainty, it is very likely to benefit from the Fed's policies. What's more, consuming ever more than it produces, the US has slipped into record debt levels. The national debt has hit the astounding sum of $17.5 trillion, surpassing America's total GDP for the first time in 2012. As Grant Williams asks (rhetorically in this brief interview): does the Fed have all of this under control? Probably not... and that is why you need an "unsure-ance" policy.

12 Numbers Which Prove That Americans Are Sick And Tired Of Politics As Usual Posted: 25 Apr 2014 04:35 PM PDT Submitted by Michael Snyder of The Economic Collapse blog, The American people are increasingly waking up to the fact that nothing ever seems to change in Washington D.C. no matter which political party is in power.  In fact, as you will see later on in this article, an all-time high 53 percent of all Americans believe that neither party "represents the American people".  Over the past several decades, we have sent a Bush, a Clinton, another Bush and an Obama to the White House, but the policies coming out of Washington have remained pretty much the same the entire time.  The mainstream media would have us believe that the Republicans and the Democrats are constantly fighting like cats and dogs, but the truth is that the Republicans want to take us to the same place that the Democrats want to take us - just a little more slowly perhaps.  And behind the scenes, Republicans and Democrats have a good time with one another and they are ultimately controlled by the same set of oligarchs.  The Americans people are really starting to recognize what a sham our system has become, and the numbers show that they are quite fed up with it. I truly wish that things were different.  When I was much younger, I was actively involved in politics and I enthusiastically campaigned for certain candidates.  But then when they got to Washington D.C., they never did most of the things that they promised to do during their campaigns. I was quite bewildered by this.  At the time, I concluded that we just needed to send even more "good politicians" to D.C. and then things would finally turn around. But things never did turn around.  No matter which party had the upper hand, the same garbage continued to spew forth from Washington. Ultimately, like millions of other Americans, I have come to see that there is not really much of a difference between Barack Obama, Hillary Clinton, Harry Reid and Nancy Pelosi on one side, and John Boehner, John McCain, Mitch McConnell and Jeb Bush on the other side. Sure, if you listen to their campaign speeches you might be tempted to think that they were polar opposites, but when you watch what they actually do there is not that much that really separates them. Fortunately, large numbers of Americans are starting to see through this disgusting charade.  Most of our politicians are con men that tell us what we want to hear during their campaigns, and then after they are elected they forget all about us.  Dissatisfaction with these politicians has risen to unprecedented levels in recent years, and that could be a good thing.  The following are 12 numbers which prove that Americans are sick and tired of politics as usual... #1 A national Rasmussen Reports survey has found that an all-time high 53 percent of all Americans believe that neither major political party "represents the American people". #2 According to a Real Clear Politics average of national polls, only 29 percent of Americans believe that the country is heading in the right direction. #3 According to a Real Clear Politics average of national polls, Americans disapprove of the job that Barack Obama is doing by a 52.2 to 43.7 percent margin. #4 According to a Real Clear Politics average of national polls, Americans disapprove of the job that Congress is doing by a 77.6 percent to 14.2 percent margin. #5 52 percent of Americans "do not think the economy is fair to those willing to work hard". #6 65 percent of Americans are dissatisfied "with the U.S. system of government and its effectiveness".  That is the highest level of dissatisfaction that Gallup has ever recorded. #7 Only 4 percent of Americans believe that it would "change Congress for the worse" if every member was voted out during the next election. #8 An all-time low 31 percent of Americans identify themselves as Democrats. #9 An all-time low 25 percent of Americans identify themselves as Republicans. #10 An all-time high 42 percent of Americans identify themselves as Independents. #11 60 percent of Americans report feeling "angry or irritable".  Two years ago that number was at 50 percent. #12 70 percent of Americans do not have confidence that the federal government will "make progress on the important problems and issues facing the country in 2014". Of course at the heart of much of this dissatisfaction is the continuing problems in our economy.  For example, check out the Gallup daily employment tracking survey that you can find right here.  As you can see, the payroll to population number (those Americans working 30 hours a week or more) has been flatlining in the low forties for more than four years now.  The truth is that there never has been an employment recovery in this nation since the last recession. For much more on all this, please see my previous article entitled "This Is What Employment In America Really Looks Like…" The last wave of the economic crisis really devastated the middle class, and as a result record numbers of Americans have become dependent on the government.  As I mentioned in one recent article, ten years ago the number of women working outnumbered the number of women on food stamps by more than a 2 to 1 margin. But now the number of women on food stamps actually exceeds the number of women that have jobs. No wonder so many Americans are so angry.  Things are not nearly as good as they used to be. Unfortunately, even though so many people are angry and frustrated, there is very little consensus on the solutions to our problems. Many Americans even want to throw out the principles that this country was founded upon entirely.  For example, one recent survey discovered that 59 percent of all Americans believe that the U.S. Constitution is "outdated". That is a very chilling number.  We live at a time when Americans are becoming increasingly ignorant about who we are, where we came from and how we get here. And a lot of our fellow citizens do not even know how our system of government works.  One survey actually found that only 25 percent of all Americans knew how long U.S. Senators are elected for (6 years), and only 20 percent of all Americans knew how many U.S. senators there are (100). In the final analysis, it is hard to be optimistic about a political solution to any of our major problems in the near future.  Most of our politicians are deeply corrupt, the American people are incredibly angry and are deeply divided, and the vast majority of campaigns for federal office are won by the candidate that raises the most money.

After the Gold Prices Dramatic Reversal Yesterday it Gained Another $10.20 to $1,300.70 Posted: 25 Apr 2014 03:55 PM PDT Gold Price Close Today : 1,300.70 Gold Price Close 17-Apr-14 : 1,293.40 Change : 7.30 or 0.6% Silver Price Close Today : 19.691 Silver Price Close 17-Apr-14 : 19.586 Change : 10.50 or 0.5% Gold Silver Ratio Today : 66.056 Gold Silver Ratio 17-Apr-14 : 66.037 Change : 0.019 or 0.0% Silver Gold Ratio : 0.01514 Silver Gold Ratio 17-Apr-14 : 0.01514 Change : 0.00000 or 0.0% Dow in Gold Dollars : $ 260.03 Dow in Gold Dollars 17-Apr-14 : $ 262.25 Change : -2.22 or -0.8% Dow in Gold Ounces : 12.579 Dow in Gold Ounces 17-Apr-14 : 12.686 Change : -0.11 or -0.8% Dow in Silver Ounces : 830.91 Dow in Silver Ounces 17-Apr-14 : 837.77 Change : -6.86 or -0.8% Dow Industrial : 16,361.46 Dow Industrial 17-Apr-14 : 16,408.54 Change : -47.08 or -0.3% S&P 500 : 1,863.40 S&P 500 17-Apr-14 : 1,864.85 Change : -1.45 or -0.1% US Dollar Index : 79.830 US Dollar Index 17-Apr-14 : 79.940 Change : -0.11 or -0.1% Platinum Price Close Today : 1,422.80 Platinum Price Close 17-Apr-14 : 1,428.10 Change : -5.30 or -0.4% Palladium Price Close Today : 811.45 Palladium Price Close 17-Apr-14 : 807.35 Change : 4.10 or 0.5% Over the last week silver and GOLD PRICE moved barely up, while stocks moved down, but the closing numbers don't quite tell the whole story. After yesterday's dramatic reversals gold gained another $10.20 to end at $1,300.70, barely above the 200 DMA ($1,300.31). Silver gained only 3/10 cent to close Comex at 1969.1. Well, it ain't much, but it's a higher close, so both the silver and GOLD PRICE confirmed their key reversals yesterday. On its monthly and weekly charts gold has broken out upside through its intermediate term downtrend, but sill must conquer the downtrend line from 2011. On the daily chart gold yesterday spiked through its 100 day moving average to $1,268.40, then immediately reversed to close the day higher, and closed today higher as well. The SILVER PRICE reversal yesterday with a spike to 1893c was even starker, but today's tiny gain left silver mumbling out of both sides of its mouth. It ran today smack up against its downtrend line and the 20 DMA (1978c). Silver and gold have both fulfilled their downside correction targets and smartly re-bounded. For all its lagging, silver did revisit its downtrend line from April 2013, the line it punched up through in February. That also points to a completed correction. Silver has broken to the upside on the weekly chart, but not yet on the monthly, though it's close. I'll try to draw the conclusion in a few words: buy silver and gold. Now. While the world verges on war in Ukraine, the US dollar index and gold don't seem to care much, but stocks appear uneasy. O strange old world! The US dollar index seems to have flunked the test this week at its coincident 20 and 50 day moving averages (both at 80.02). It reached up there twice, then flaked and fell back below 80. Fell today 5 basis points (0.06%) to 79.83. What might have been a double bottom March and April with the last at 79.39 appears not to have been. Expect the dollar to drop yet more. Despite the dollar's woes, the euro has remained in an overall downtrend since March. Yes, tis above its 20 DMA ($1.3800) and 50 DMA ($1.3796, but showing little perkiness or appetite to climb mountains. Nor does the yen long to move higher. It closed today up 0.16% at 97.90, but still within its slightly declining three month range. Ten year treasury yield fell today, 0.82% to 2.666% and fell for the week, back to its bottom channel line. Not much life. Copper has bounced back from its brush with death at $2.877. Although it has climbed smartly since mid-March, today's close at $3.12 remains below the downtrend line at $3.15. A close clean above $3.32 will finally confirm copper has no intent of dropping further. Which is copper, a prognosticator for stocks or harbinger for commodities? I lean to the latter as what concerns us more here. Copper is probably the last of the metals to turn up. Dow nervously dropped 140.19 (0.85%) today to 16,361.46, enough to turn it down 0.3% for the week. S&P500 dropped 15.21 (0.81%) to 1,863.40, barely lower for the week. Stock charts are singing a dirge. Nasdaq Comp shows what appears to be a 5-month head and shoulders, S&P might be showing the same but definitely is in a month-long downtrend. Dow has the best chart, and it looks like a big double top. Everything is set up for a final high in May. Dow in silver dropped a tad today, 0.2% to close the week at 838.03 (S$1,083.51 silver dollars). Appears to have topped, but needs to confirm still. Dow in Gold fell 0.78% to 12.69 oz (G$252.33 gold dollars). More confirmation needed to declare it reversed downward. Y'all enjoy your weekend! Aurum et argentum 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.

After the Gold Prices Dramatic Reversal Yesterday it Gained Another $10.20 to $1,300.70 Posted: 25 Apr 2014 03:55 PM PDT Gold Price Close Today : 1,300.70 Gold Price Close 17-Apr-14 : 1,293.40 Change : 7.30 or 0.6% Silver Price Close Today : 19.691 Silver Price Close 17-Apr-14 : 19.586 Change : 10.50 or 0.5% Gold Silver Ratio Today : 66.056 Gold Silver Ratio 17-Apr-14 : 66.037 Change : 0.019 or 0.0% Silver Gold Ratio : 0.01514 Silver Gold Ratio 17-Apr-14 : 0.01514 Change : 0.00000 or 0.0% Dow in Gold Dollars : $ 260.03 Dow in Gold Dollars 17-Apr-14 : $ 262.25 Change : -2.22 or -0.8% Dow in Gold Ounces : 12.579 Dow in Gold Ounces 17-Apr-14 : 12.686 Change : -0.11 or -0.8% Dow in Silver Ounces : 830.91 Dow in Silver Ounces 17-Apr-14 : 837.77 Change : -6.86 or -0.8% Dow Industrial : 16,361.46 Dow Industrial 17-Apr-14 : 16,408.54 Change : -47.08 or -0.3% S&P 500 : 1,863.40 S&P 500 17-Apr-14 : 1,864.85 Change : -1.45 or -0.1% US Dollar Index : 79.830 US Dollar Index 17-Apr-14 : 79.940 Change : -0.11 or -0.1% Platinum Price Close Today : 1,422.80 Platinum Price Close 17-Apr-14 : 1,428.10 Change : -5.30 or -0.4% Palladium Price Close Today : 811.45 Palladium Price Close 17-Apr-14 : 807.35 Change : 4.10 or 0.5% Over the last week silver and GOLD PRICE moved barely up, while stocks moved down, but the closing numbers don't quite tell the whole story. After yesterday's dramatic reversals gold gained another $10.20 to end at $1,300.70, barely above the 200 DMA ($1,300.31). Silver gained only 3/10 cent to close Comex at 1969.1. Well, it ain't much, but it's a higher close, so both the silver and GOLD PRICE confirmed their key reversals yesterday. On its monthly and weekly charts gold has broken out upside through its intermediate term downtrend, but sill must conquer the downtrend line from 2011. On the daily chart gold yesterday spiked through its 100 day moving average to $1,268.40, then immediately reversed to close the day higher, and closed today higher as well. The SILVER PRICE reversal yesterday with a spike to 1893c was even starker, but today's tiny gain left silver mumbling out of both sides of its mouth. It ran today smack up against its downtrend line and the 20 DMA (1978c). Silver and gold have both fulfilled their downside correction targets and smartly re-bounded. For all its lagging, silver did revisit its downtrend line from April 2013, the line it punched up through in February. That also points to a completed correction. Silver has broken to the upside on the weekly chart, but not yet on the monthly, though it's close. I'll try to draw the conclusion in a few words: buy silver and gold. Now. While the world verges on war in Ukraine, the US dollar index and gold don't seem to care much, but stocks appear uneasy. O strange old world! The US dollar index seems to have flunked the test this week at its coincident 20 and 50 day moving averages (both at 80.02). It reached up there twice, then flaked and fell back below 80. Fell today 5 basis points (0.06%) to 79.83. What might have been a double bottom March and April with the last at 79.39 appears not to have been. Expect the dollar to drop yet more. Despite the dollar's woes, the euro has remained in an overall downtrend since March. Yes, tis above its 20 DMA ($1.3800) and 50 DMA ($1.3796, but showing little perkiness or appetite to climb mountains. Nor does the yen long to move higher. It closed today up 0.16% at 97.90, but still within its slightly declining three month range. Ten year treasury yield fell today, 0.82% to 2.666% and fell for the week, back to its bottom channel line. Not much life. Copper has bounced back from its brush with death at $2.877. Although it has climbed smartly since mid-March, today's close at $3.12 remains below the downtrend line at $3.15. A close clean above $3.32 will finally confirm copper has no intent of dropping further. Which is copper, a prognosticator for stocks or harbinger for commodities? I lean to the latter as what concerns us more here. Copper is probably the last of the metals to turn up. Dow nervously dropped 140.19 (0.85%) today to 16,361.46, enough to turn it down 0.3% for the week. S&P500 dropped 15.21 (0.81%) to 1,863.40, barely lower for the week. Stock charts are singing a dirge. Nasdaq Comp shows what appears to be a 5-month head and shoulders, S&P might be showing the same but definitely is in a month-long downtrend. Dow has the best chart, and it looks like a big double top. Everything is set up for a final high in May. Dow in silver dropped a tad today, 0.2% to close the week at 838.03 (S$1,083.51 silver dollars). Appears to have topped, but needs to confirm still. Dow in Gold fell 0.78% to 12.69 oz (G$252.33 gold dollars). More confirmation needed to declare it reversed downward. Y'all enjoy your weekend! Aurum et argentum 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.

A False Requiem for Gold and Silver Posted: 25 Apr 2014 01:58 PM PDT Midas Letter

Man Censored On CNBC Says Gold Worth At Least $6,000 Today Posted: 25 Apr 2014 01:42 PM PDT Today the man who had his interview censored and entirely erased out of a CNBC segment suprised King World News when he said that the fair price of gold today is at least $6,000. This is a fascinating interview with Michael Pento, the man who someone in an ivory tower made the decision to censor. This posting includes an audio/video/photo media file: Download Now

Gold Daily and Silver Weekly Charts - Madness, Ending Badly Posted: 25 Apr 2014 01:41 PM PDT

Gold Daily and Silver Weekly Charts - Madness, Ending Badly Posted: 25 Apr 2014 01:41 PM PDT

Imagine how much more disease might be eradicated by a free-market gold price Posted: 25 Apr 2014 12:28 PM PDT 3:30p ET Friday, April 25, 2014 Dear Friend of GATA and Gold: The Financial Times today reports approvingly -- see below -- about the success of Anglogold Ashanti in almost eradicating malaria among the population around its gold mine at Obuasi in Ghana. But will the FT ever acknowledge that a free-market gold price could eradicate not only malaria in Ghana but much disease throughout the gold-producing continent of which Ghana is a part? For that matter, will African governments themselves ever figure it out and summon the courage to do something about it? Of course this may take a while, since FT employees, gold-price suppressing central bankers, and African government officials already have pretty good medical care. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * Gold Miner and the Metal Itself Help in Fight Against Malaria By Andrew Jack Financial Times, London Friday, April 25, 2014 When AngloGold Ashanti began a malaria control programme at its gold mine in Obuasi in the Ashanti region of southwest Ghana in 2005, the main local hospital was handling 6,800 cases of the disease a month. Almost a decade later, and after an annual investment of $1.5 million, it has cut that volume to about 100 a month, and as low as 47 in March. "This is very positive," says Sylvester Segbaya, director of the company's malaria control program. "We've sharply reduced the burden." ... ... For the full story: http://www.ft.com/intl/cms/s/0/0edb4678-be6d-11e3-a1bf-00144feabdc0.html... 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: 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 precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com.

Felix Zulauf: Central banks aren't stimulating but creating 'carry trades' Posted: 25 Apr 2014 12:12 PM PDT 3:11p ET Friday, April 25, 2014 Dear Friend of GATA and Gold: Money manager Felix Zulauf today tells King World News that central banks are not stimulating economies with their money creation but just creating "carry trades" of financial speculation: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/25_Fe... Also at KWN, market analyst Ronald-Peter Stoferle dreams of a time when people will ask not for the price of gold but for the price of items to be quoted in gold: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/25_Wo... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. 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/ 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

Don’t Miss The Biggest Biotech Market EVER! Posted: 25 Apr 2014 10:47 AM PDT The ducks are quacking: Biotech bubble. Biotech collapse. Biotech, blah, blah, blah. Quack! Quack! Quack! Here's what you should do when you hear the ducks. Forget them. Forget the ducks, forget the quacks. I want you to focus on one thing, and one thing only: how you are going to make money from what I believe is going to the biggest biotech market ever. Yes, I said EVER. Why am I so optimistic about investing in biotechnology and the life sciences? Biotechnology in its current form really didn't even exist until 1980. That's when scientists were able to reproduce interferon using recombinant DNA. Interferon is a protein that cells make when viruses (like hepatitis C), bacteria (like E. coli), parasites (like malaria) or cancer cells attack our bodies. And recombinant DNA is just a fancy way of saying that we were able to make interferon outside our bodies in a way in which we could produce it and give it to people as medicine. My point in telling you this is not to school you in Biotech 101. The point I am trying to make is that biotechnology is still a pretty young field. You should understand that we have barely scratched the surface of what we can do with the things we now know about the human body and cells and genes. That's why I firmly believe that we are in a golden age of biotechnology investing. And if you make the right moves at the right time, you are going to have a chance to make a lot of money. …the Nasdaq Biotechnology Index has gone up 235%, even after the recent drop. Now, that does not mean that biotech stocks won't go down from time to time. Or that biotech stocks won't go through periods in which the ducks won't stop quacking about it being a bubble or that these stocks are going to crash. Now let's just go back to the ducks. You know, the people quacking on TV, on the Internet, in your ear nonstop about how you should be afraid of biotech stocks. You know the one thing all these people share? Every single one of them has completely missed the huge run-up in biotech stocks. It's typical human behavior to put down and criticize what you don't understand and rationalize it as being stupid. But I want you to understand, because it's going to be key to making money in biotechnology now and in the future, that these people I call ducks are quacking only because they didn't own any biotech stocks. And these people have been wrong for two years straight as biotech stocks as measured by the Nasdaq Biotechnology Index have soared by 83%. Eighty-three percent!! If you look back five years, the Nasdaq Biotechnology Index has gone up 235%, even after the recent drop. And what's been driving this success? This is a question you need to ask. The answer is lifesaving products for cancer, like Gleevec. Gleevec has transformed one particular kind of cancer called chronic myeloid leukemia (CML). CML used to be a death sentence. But today, if you have CML, it's a chronic disease. What's a chronic disease? It means that people who have this form of cancer pop a pill once a day. And then they go about their lives just like everyone else. Gleevec has almost no side effects. So I am not exaggerating when I say that these people just pop a pill and keep living just like you and me. And I can tell you that there at least 20 companies looking for similar pills that can make every type of deadly cancer into a chronic disease. In 2013, biotech companies as a group generated sales growth of 12% and earnings growth of 22%. In 2014, sales are expected to grow 16% and earnings 24%. These numbers I am citing come from a JP Morgan report. JP Morgan also says that biotech companies generated $73 billion in cash flow from operations between 2008-13. In 2013, the FDA approved 26 drugs. Among the drugs approved are potential blockbuster drugs for cancer, which I believe are going to make investors come back to invest in biotechnology stocks, sooner, rather than later. So the next time you hear quacking about biotech, I want you to understand that this person is a sore loser. These people have missed out on the huge gains of the last five years. This person is lazy and, unlike you, who is reading this because you want to learn more and understand what's going on, never going to lift a finger to read or learn anything. So don't be surprised when biotechnology stocks start going up and these ducks are still quacking the same about bubbles and crashes. Blah, blah, blah. Now, I don't want to sugarcoat what's going on right now in biotechnology. Some investors have been dumping biotechnology shares left, right and center. And stocks that I have picked for readers of my new service Agora Financial's FDA Trader have not been spared. No one likes seeing the value of a stock they bought go down. No one. Not even me, despite having 25 years of experience which includes a 5 year stint at a huge hedge fund in New York. But you know you'll never make the big money in biotechnology if you can't withstand a bit of volatility. Regards, Paul Mampilly for The Daily Reckoning Ed. Note: This article was prominently featured in today’s email edition of The Daily Reckoning. But it actually included a lot of things you won’t find here… For instance, today’s issue included a close look at what happened in the market today, as well as info on how to distinguish a bubble from normal market… and even an easy way to access the world’s best biotech plays. The only way to access that material is by signing up for the Daily Reckoning email edition, which you can do for FREE, right here.

Felix Zulauf - The World Monetary System Is Going To Collapse Posted: 25 Apr 2014 10:32 AM PDT Today renowned money manager Felix Zulauf warned King World News that the world monetary system is going to collapse. Zulauf, founder of Zulauf Asset Management and 20+ year Barron's Roundtable panelist, also discussed how all of this will impact major markets, including gold. Below is what Zulauf had to say in the first of a series of powerful written interviews that will be released on King World News. This posting includes an audio/video/photo media file: Download Now

Steve St. Angelo: U.S. gold exports to Hong Kong explode to record in January Posted: 25 Apr 2014 09:44 AM PDT 12:41p ET Fridday, April 25, 2014 Dear Friend of GATA and Gold: Steve St. Angelo of the SRSRocco Report letter says United States exports of gold to Hong Kong exploded in January to 57 tonnes: http://srsroccoreport.com/u-s-exports-a-record-amount-of-gold-to-hong-ko... 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

Canadian bank CIBC starts selling real gold, not just paper Posted: 25 Apr 2014 09:21 AM PDT Gold and Silver Purchases Made Easy at CIBC Branches and Online Company Press Release via Canada NewsWire Friday, April 25, 2014 TORONTO -- Canadians looking to buy gold and silver now have fast and convenient options at CIBC branches and a new online store, which can also be accessed via a mobile device. High-quality gold and silver bars, coins including collectibles, and certificates are available for purchase at all CIBC branches across Canada. Bars and coins can also be ordered online at: https://www.preciousmetals.cibc.com. Branch, online and mobile purchases may be made by CIBC clients and by those who currently bank elsewhere. Key features of CIBC's gold and silver service include: -- Secure online ordering 24 hours a day. -- Live market pricing. -- Branch and home delivery options. -- Bars and coins in various denominations, as well as collector and commemorative coins. ... ... For the complete press release: http://www.newswire.ca/en/story/1344623/gold-and-silver-purchases-made-e... 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: 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 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/

Alasdair Macleod: Fiat money quantity update and valuing gold Posted: 25 Apr 2014 09:11 AM PDT 12:10p ET Friday, April 25, 2014 Dear Friend of GATA and Gold: The increase in the supply of fiat money is accelerating, GoldMoney research director Alasdair Macleod reports today, even as the price of gold has been falling. The implication is that central bank efforts at gold price suppression have been intensified. Macleod's commentary is headlined "Fiat Money Quantity Update and Valuing Gold" and it's posted at GoldMoney here: http://www.goldmoney.com/research/analysis/fmq-update-and-valuing-gold?g... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. ADVERTISEMENT Buy precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com. Join GATA here: Porter Stansberry Natural Resources Conference AT&T Performing Arts Center Margot and Bill Winspear Opera House 2403 Flora St., Dallas, Texas Saturday, May 31, 2014 http://stansberrydallas.com/ 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 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.

World Monetary System On The Way To A New Gold Standard Posted: 25 Apr 2014 08:58 AM 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 a fantastic piece which shows that the world monetary system is on the way to a new gold standard. 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

U.S. suits hobble Deutsche Bank's bid to sell gold fix seat Posted: 25 Apr 2014 08:40 AM PDT By Clara Denina and Jan Harvey Reuters Friday, April 25, 2014 LONDON -- Deutsche Bank may end up resigning its seat on the London gold fix rather than selling it as U.S. lawsuits alleging price rigging against the five banks that set the benchmark deter potential buyers, industry sources said. Over the past two months, U.S.-based investors and traders have filed nearly 20 antitrust claims accusing Barclays, Deutsche Bank, HSBC, Bank of Nova Scotia, and Societe Generale of colluding to manipulate the gold price. At the time the initial suits were filed, Societe Generale called the claims "unsubstantiated" and Deutsche Bank described them as "without merit." ... ... For the full story: http://www.reuters.com/article/2014/04/25/gold-fix-seat-sale-idUSL6N0N62... 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: 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 precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com.

Will regulators and journalists ever dare to look behind the London gold fix banks? Posted: 25 Apr 2014 08:07 AM PDT 11:26a ET Friday, April 25, 2014 Dear Friend of GATA and Gold: Britain's Financial Conduct Authority has begun observing the London gold fixing process, Bloomberg News reports today in a story appended here, and Bloomberg even acknowledges, if only in the briefest way, that the London gold fix price is "used" by central banks. Unfortunately Bloomberg does not yet seem to have inquired into just how and why central banks use the London fix. Could it be that central bank gold doesn't just sit sleepily in central bank vaults gathering dust, as central banks, investment houses, and mainstream financial news organizations would have the world believe, but rather that it enters world markets every day in pursuit of some secret government policy objective? ... 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/ GATA long has been supplying Bloomberg and other mainstream financial news organizations with the documentation of the Western central bank gold price suppression scheme involving the secret mobilization of central bank gold to deceive and manipulate markets: http://www.gata.org/taxonomy/term/21 But news organizations purporting to cover the gold market still can't bring themselves to put critical questions to the market's primary participants, central banks. Are the representatives of the Financial Conduct Authority in the U.K. any less skittish? Are the regulators who are beginning to observe the bullion banks conducting the London fix asking who is on the other end of the banks' telephone lines -- and are they settling for the identification of some intermediary broker or are they inquiring as to who is on the other end of the intermediary broker's telephone line? Are the regulators any less credulous than the Bloomberg reporters themselves? After all, in its story today Bloomberg repeats as some sort of authoritative statement what is self-evidently an inanity from bullion broker Sharps Pixley's Ross Norman. "The price fluctuations," Bloomberg reports, "are a consequence of supply and demand -- not manipulation, Ross Norman, the chief executive officer of London physical gold broker Sharps Pixley Ltd., said in March. The volatility also reflects differing views on the value of metal rather than attempts to rig the price, said Norman, who has traded gold for 30 years and worked at Johnson Matthey Plc, N.M. Rothschild & Sons Ltd., and Credit Suisse Group AG." But of course manipulation of a market works precisely through manipulation of supply and demand. If a central bank sells $500 million in gold or gold futures or options all at once to suppress the price, rather than stagger its sales over time to achieve a higher price, that's market manipulation. The bullion banks executing trades for central banks may not be primarily culpable, but it's still manipulation. Does Norman want to declare that central banks are not trading gold and gold derivatives through intermediaries to manipulate the gold price? Does Bloomberg want to ask him? Does Bloomberg want to ask the Bank for International Settlements or the Banque de France, which already have admitted trading gold secretly every day on their own behalf and on behalf of other central banks?: http://www.gata.org/node/12717 http://www.gata.org/node/13373 Apparently Bloomberg does not want to ask -- at least not yet. Bloomberg's story recruits an academic for another inanity. "Regardless of what regulators find, the London fixing's relevance is already fading, according to Brian Lucey, a finance professor at Trinity College Dublin who has studied the gold market. "'If it wasn't there, you wouldn't necessarily miss it," Lucey said. "Its importance is really only insofar as it provides a snapshot of what large institutions are seeing from their customers so that there is a publishable number for the market every day." But whom does Professor Lucey mean by "you"? Does he mean that ordinary investors wouldn't miss the London gold fix? Could he really mean that central banks wouldn't miss it as well? For if there was no daily London gold fix, central banks might not be able to act on the gold price as surreptitiously. They might have to act on the gold price more broadly, in more markets, involving still more intermediaries with greater risk of being noticed. Does Professor Lucey want to declare that central banks are not trading gold and gold derivatives through intermediaries to manipulate its price? If he does, he should explain how he knows that the documentation of that trading is all forgery. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * FCA Said to Observe Banks' London Gold-Fixing Calls By Suzi Ring and Nicholas Larkin Bloomberg News Friday, April 25, 2014 http://www.bloomberg.com/news/2014-04-24/fca-said-to-observe-banks-londo... LONDON -- Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain's Financial Conduct Authority visiting Societe Generale to observe the so-called London fixing process, two people with knowledge of the matter said. Investigators visited the French bank's U.K. offices in recent weeks for the morning and afternoon conference calls, during which the reference price used by miners, jewelers and central banks is set, the people said. The watchdog is visiting all five member banks involved in the London fixing as part of its review of gold benchmarks, according to one of the people, who asked not to be identified because the matter is private. The century-old London fixing is led by representatives of Barclays Plc, Deutsche Bank AG, Bank of Nova Scotia, HSBC Holdings Plc, and current chairman Societe Generale. They hold conference calls at 10:30 a.m. and 3 p.m. where they discuss buying and selling the metal, starting from the dollar spot price, until a rate is agreed upon. The FCA's visits are the first indication the regulator is looking at the London gold fixing in particular. In November, a person with knowledge of the matter said the agency was reviewing gold benchmarks as part of a wider look at how financial rates are set in the wake of the London interbank offered rate-manipulation scandal. The watchdog hasn't leveled any accusations that the process is being manipulated. ... Educating Itself "The FCA is clearly trying to educate itself on the mechanics of benchmark-setting in the gold market," said Simon Hart, a London-based lawyer at RPC LLP. "It demonstrates that the FCA is looking into the suggestion that there has been benchmark rate manipulation, although that is very different from a formal investigation." While the FCA doesn't regulate the physical gold market, it is responsible for derivatives based on the spot price such as exchange-traded products. Other benchmarks include the Gold Forward Offered Rates, or GOFO, overseen and published every morning by the London Bullion Market Association. Chris Hamilton, an FCA spokesman, Ila Kotecha, a spokeswoman for Societe Generale, Nick Bone at Deutsche Bank, Aurelie Leonard of Barclays, and Shani Halstead at London-based HSBC declined to comment. A representative of Nova Scotia didn't respond to questions about the FCA's visit. On the twice-daily calls the banks declare how much gold they want to buy or sell for clients as well as their own accounts. The price is increased or reduced until the buy and sell amounts are within 50 bars, or about 620 kilograms, of each other, at which point the fixing is agreed on. Traders relay shifts in supply and demand to clients and take fresh orders as the price changes, according to the website of London Gold Market Fixing Ltd., where the results are published. It was $1,294.25 after this morning's call. Douglas Beadle, a consultant to the company, referred questions about the fixing to Societe Generale. ... 'Little Understood' Economists and academics have said the process is outdated, susceptible to manipulation and lacking in direct regulatory oversight. "Historically these sorts of esoteric markets like gold have been little understood by the public and regulators," said Ben Knowles, a London lawyer who advises commodities traders. "It seems the FCA is now taking steps to better understand these markets in an effort to ensure pricing in commodities is scrutinized in the same way as other benchmarks." Unusual trading patterns around the afternoon fixing in London are a sign of collusive behavior and should be investigated, Rosa Abrantes-Metz, a professor at New York University's Stern School of Business, wrote in a draft research paper, which was reported by Bloomberg News in February. ... Steering Committee The price fluctuations are a consequence of supply and demand -- not manipulation, Ross Norman, the chief executive officer of London physical gold broker Sharps Pixley Ltd., said in March. The volatility also reflects differing views on the value of metal rather than attempts to rig the price, said Norman, who has traded gold for 30 years and worked at Johnson Matthey, N.M. Rothschild & Sons Ltd., and Credit Suisse Group. The five-member banks formed a steering committee last year to review the fixing. In Germany, financial markets regulator Bafin interviewed Deutsche Bank employees as part of a probe into potential manipulation of gold and silver prices, a person with knowledge of the matter said in December. Deutsche Bank plans to withdraw from the panels for setting gold and silver fixings as it scales back its commodities business, the Frankfurt-based lender said in January. The silver fixing is conducted daily at noon in London by Deutsche Bank, Bank of Nova Scotia and HSBC. Similar fixings also take place twice a day for platinum and palladium. Bafin is "looking at other bench-marking processes such as gold and silver price fixing at individual banks," Ben Fischer, a spokesman for the Bonn-based regulator, said on April 22. "These examinations were launched in the middle of the last year and are still ongoing." ... Fading Relevance? The Commodity Futures Trading Commission, which regulates derivatives in the U.S., also discussed reviewing how gold prices are set in private meetings in 2013, a person with knowledge of the matter said in November. Steve Adamske, a spokesman for the agency, declined to comment on the status of the matter. Regardless of what regulators find, the London fixing's relevance is already fading, according to Brian Lucey, a finance professor at Trinity College Dublin who has studied the gold market. "If it wasn't there, you wouldn't necessarily miss it," Lucey said. "Its importance is really only insofar as it provides a snapshot of what large institutions are seeing from their customers so that there is a publishable number for the market every day." * * * 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... 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The Dollar Under Siege Posted: 25 Apr 2014 08:06 AM PDT Dear Reader, Our main feature today is by Casey Research Chief Economist Bud Conrad, who explores the most urgent narrative in finance that hardly anyone is talking about: the decline of the US dollar. I don’t mean the dollar’s long, slow slide to zero that began on December 23, 1913 when the Federal Reserve was born. Everyone paying attention knows that the Fed has sapped the dollar of 98% of its purchasing power since then. Criminal? Yes. But not urgent. I’m talking about Vladimir Putin’s plans to circumvent the dollar in global trade. He, together with China, is making alarming progress toward undermining the dollar’s hegemony and all of the vast advantages the US Empire enjoys because of it. The US government, of course, has a long history of protecting the dollar’s dominance and won’t let its special privileges go easily. Just for fun, before I pass the baton to Bud, let’s take a peek at the fate of three other prominent figures who dared to challenge king dollar: September 2000—Saddam Hussein proclaims that he will sell Iraq’s oil for euros instead of dollars. March 2003—The United States invades Iraq. Nine months later, US forces find Hussein hiding in a spider hole. December 2006—Hussein is hanged. --- Late 2010—Muammar Gaddafi calls on African and Muslim nations to create a new gold-backed currency called the dinar to challenge the dollar. March 2011—A coalition of Western countries attacks Libya. October 2011—Gaddafi is either beaten or shot to death, depending on which report you believe. --- February 2011—Dominique Strauss-Kahn, managing director of the International Monetary Fund, calls for a new world currency to challenge the dominance of the US dollar. May 2011—A maid at the Sofitel Hotel in New York accuses Strauss Kahn of sexually assaulting her. Strauss-Kahn loses his position at the IMF. He is subsequently cleared of any wrongdoing. Russia and China, of course, are no Iraq and Libya. With that backdrop, I pass it to Bud to analyze this latest assault on the dollar, and what it means for your portfolio. The Dollar Under Siege Bud Conrad, Chief Economist After World War II, the dollar became the world’s preeminent currency. Convertible to gold at $35 an ounce, it was the backbone of international trade. Foreign central banks used it to back their own currencies. Nixon removed the dollar’s convertibility to gold in 1971, rendering its value dependent on prudent management by its issuer. That issuer, of course, is the Federal Reserve—which conjures dollars into existence to support the US government’s spending habit. The Fed has issued a lot of dollars since 1971, and even more since the financial crisis of 2008—thanks to Washington’s exploding debt levels. And it’s only going to get worse, as even the Congressional Budget Office (CBO) admits in its own forecasts. What’s more, CBO debt estimates are notoriously overoptimistic; so while they are daunting, reality will likely be worse. To paint a realistic picture of future US debt levels, I added 20% to the CBO’s forecast, illustrated here: You can see that US debt will continue its rapid growth that began in 2008. The question is who will fund this borrowing. Historically, foreigners have been a reliable source of US Treasury purchases. But with the US issuing so much debt, foreigners have become saturated with US dollars and so have slowed their buying considerably. Other buyers of Treasuries have been anemic, too. The banking system holds about $500 billion of Treasuries and hasn’t increased its holdings in five years. With very low interest rates, private investors aren’t buying the bonds either. That leaves the Fed, under its Quantitative Easing (QE) programs, as the only buyer in town. I expect that the Federal Reserve will continue to be the buyer of last resort and will purchase around $50 billion of Treasuries per month over the next decade. Admittedly, even the Federal Reserve doesn’t know precisely what its policies will be. It could buy more or fewer Treasuries. But until there is another buyer, the Fed is stuck picking up the tab. The most important part of this equation is how the Fed buys government debt: it creates new dollars out of thin air and swaps them for Treasuries. That’s called “monetizing the debt,” and it’s inflationary—much more so than when others buy Treasuries with dollars that already exist. Foreigners Have Stopped Accumulating US Securities I watch foreign investment in US securities closely, because small shifts are big enough to affect other US markets. In the last 12 months, foreigners have sold Treasuries at an unprecedented rate. I include the US’s current account above because historically, countries that sell goods to America invest their dollar proceeds in Treasuries. China, for example, sends goods to the US, and the US pays for them with dollars. China then takes those dollars and buys Treasuries. That’s why foreign investment in Treasuries tends to closely follow the US trade deficit. Fracking has allowed the US to produce more energy domestically, helping to improve its trade deficit. But foreigners are free to do what they want with their dollars. And recently, they’ve been doing anything but buying Treasuries—like buying American companies and Midwest farmland. It’s risky to have so many dollars and dollar-denominated assets in foreign hands, outside of US control. Other indicators confirm that foreigners are selling US debt. The Fed holds Treasuries in custody for foreign central banks, and its custody holdings recently plummeted by a disastrous $100 billion in just one week. Announcements of sanctions against Russia seem to have precipitated that fire sale. Russia itself has decreased its holdings of US Treasuries from $165 billion to $126 billion. Why should Putin loan the US money when the US is sanctioning Russia’s use of dollars? Again, since foreigners aren’t buying US government debt, the Fed will have to. That, in turn, increases the quantity of dollars, diluting the value of Treasuries those foreigners already own. Which eventually will induce foreigners to sell even more of their Treasuries, depressing the dollar’s value further. It’s a risky game, and a potential vicious cycle. The Dollar’s Importance Is Declining The dollar has the unique and special privilege of being the world’s reserve currency, which grants the US several crucial advantages: All other currencies are defined by their exchange rate to the dollar. Most global trade transactions are denominated in dollars, including the most important commodity of all, oil. The US can borrow in its own currency and so can always pay off foreign debts by printing more dollars. The US can and has financed wars with dollars loaned to it by foreigners. In other words, the dollar’s reserve status greatly enhances US power. This allows the US to run up huge government and trade deficits that would be disastrous for most other countries. Case in point: US government debt is now over 100% of GDP, the level at which Greece became insolvent. The difference is that Greece couldn’t print euros to paper over its government debt, so it was on a much tighter leash. Because oil is priced in dollars, other countries need dollars to buy oil, even from the Middle East. That’s the #1 reason the central banks of the world have accumulated dollars as backing for their currencies: because dollars are useful for international trade. Plus, the US Treasury market is the largest and most liquid market on earth, so for foreigners, parking money in Treasuries is a logical choice, at least in the short term. All of those factors helped America dominate the global economy. But other countries are catching up—like China, which is now the clear-cut #2 world economy. The US’s relative economic power has declined sharply in the past 30 years. Perhaps most importantly, the dollar’s reserve status is in steep decline too. In 2000, the dollar accounted for 55% of all foreign exchange reserves. In 14 short years, that number has dropped to 33%. By 2020, I project, it will drop to 20%. At that point, other large economies of the world won’t need dollars nearly as much for international trade. So America’s special privileges will continue to wane. China is actively laying the groundwork for its yuan to become the basis for international trade. It already has developed dozens of bilateral agreements to trade with partners without using dollars. China is also acquiring over 1,000 tonnes of gold per year to support the yuan’s growing presence on the global stage. 23 central banks admit to holding yuan, and another dozen hint they hold the currency  without officially declaring it. Geopolitics Hurts the Dollar The US has applied severe sanctions on Iran, forcing Iran’s customers to get creative in figuring out how to pay for oil without US dollars. They tried a number of novel solutions, including using gold via Turkey. But the US squeezed that channel as well. Now the US is sanctioning Russia—a much more powerful country than Iran—and looks to be shooting itself in the foot. Putin has announced specific plans to move away from the dollar in Russia’s international sales of energy. Gazprom, the Russian energy giant, still prices its natural gas in dollars to sell to Europe. But with US sanctions making it difficult for Russia to do business in dollars, Gazprom has announced it will issue bonds denominated in Chinese yuan. Those two countries continue to grow closer economically, as Russia has the energy that China needs. Further, Putin, along with the presidents of Gazprom and Rosneft, is actively working to conduct transactions in rubles, yuan, and even Indian rupees. Russia announced a $20 billion deal with Iran to trade oil for goods—including nuclear technology—without using dollars. The other BRIC countries, Brazil and India, are beginning to wean themselves off the dollar too. The BRICs have set up a development bank and are looking to create their own interbank currency transaction system to replace the Western-controlled Swift program that has been used for decades. All of these countries are after one thing: to decrease their dependence on the dollar. Using the dollar less in world transactions, of course, decreases the demand for dollars, which decreases its value. That would force America to seriously curtail its trade and government deficits, or else allow the value of the dollar to plummet faster than we’ve ever seen. Japan, China, the Eurozone, and most other countries are all on the same path of creating money for short-term economic gain, so the dollar’s relative exchange rate vs. other currencies hasn’t changed much. The prices of important commodities like energy, agriculture, and precious metals have risen along with stock markets. While some of these are not adequately included in government measures of price inflation, we’ve seen some price inflation already. More is coming. The bottom line is that the US is hurting its currency by using it as a political weapon. Shunning Russia only accelerates the trend of countries working to circumvent the dollar. Long-Term Financial Implications A weakening dollar is great for gold. A weakening dollar means higher prices for all things, especially imported goods like oil. Higher prices will push up interest rates. As Russia expands its energy sales to China, the residual supply available for Europe will be smaller, driving European energy prices higher. Escalating international conflicts will lead to larger military budgets, increasing future deficits and weakening not just the dollar, but all currencies. In essence, the new geopolitical strife is just another chapter in the same story that’s been unfolding for decades: the dollar’s hegemony is in decline. As you may have seen in our documentary video Meltdown America, the snowball effect of economic crises (once they start downhill, they go faster and faster) is what makes them so treacherous. By the time the full impact is felt, most ordinary people won’t even know what hit them. The prepared are spared, as they say. Diversification, across different asset classes and even different political jurisdictions, is essential to escape America’s coming meltdown unscathed, financially as well as physically. Right now, you can get our special diversification package—The Casey Report and Going Global 2014, for one low price. The Casey Report, where you can read my and my co-editors’ analysis of current economic trends and threats, focuses on crisis-proof investments as well as shorter-term profit opportunities. Going Global 2014 is a book-length report on the best time-tested strategies of protecting your money by storing some of it abroad. It offers expert advice (my colleague Terry Coxon, among others, was instrumental in writing it) for all budget and portfolio sizes—from very simple first steps to internationalize, to more complex wealth preservation plans for high net worth individuals. Plus you’ll find many ideas on how to ship yourself abroad as well, if you’re so inclined. Try a risk-free subscription to The Casey Report today and you get Going Global 2014 (which we usually sell for $99) free of charge. With our 100% satisfaction guarantee, you have three months to see if our newsletter is right for you; if not, simply cancel within that time for a full refund. Whatever you decide, you get to keep Going Global 2014 and all the newsletter issues you received thus far. Click here to get started. I don’t think we could make it any easier for you to protect yourself. The US dollar is on the brink—don’t waste another minute to get started. Dan again. Next up is Dennis Miller with a creative take on how to survive and thrive in a world where governments don’t play by the same rules you and I do. 11 Rules for Owning a Money Tree Dennis Miller, Senior Editor, "Miller's Money Forever" We’ve all heard from our elders that “Money doesn’t grow on trees.” It’s simple kitchen table economics: If you want money, you have to work hard for it, earn it, and then you can buy what you feel you can afford. How much easier things would be if we had a money tree, or better yet an orchard, and our only effort would be to pluck off all the cash we wanted. What most people fail to understand is that nearly every country in the world has such a money tree. It is owned and controlled by the government, king, central bank, or whatever they choose to call it. Here in the US, our money tree has been creating a 100-year supply of money every year—and the government is lavishly spending this magic money. By the time you read this, it will be over $4 trillion, up from $800 million a few short years ago. Throughout history governments have had a money tree at their disposal and taken full advantage of it. The fairy tale never has had a happy ending—neither for the peasants nor for the owner of the money tree. The Money Tree Owner’s Manual Buried deep in the vaults of every government, there’s a “Money Tree Owner’s Manual.” Had Edward Snowden shared this information, no country on earth would have offered him asylum. As your humble scribe isn’t seeking asylum anywhere, I’ll share what Snowden couldn’t. Here are the rules: The peasants must believe the money has true value. If they do not believe in it (be it shells, sticks, or fancy pieces of paper), they will not work hard and be satisfied with receiving a piece of paper or trinket in return. The peasants must believe that you, the owner of the money tree, are acting in their best interest. If you tax them, you must convince them it is for their own good. Whether it is building roads, bridges, providing education or police for their protection, there must be visible symbols that prove you are looking after them. You must not allow competition from any other trees or crops. If your tree produces fancy paper, you cannot allow others to copy your paper to make it look like money. They must face stiff penalties for doing so in order to discourage competition. You cannot allow other fruits like gold or bitcoins to be used as currency; only using money from your tree is allowed. Keep your lavish spending out of sight. Peasants do not appreciate working hard and being heavily taxed to support the lavish lifestyle of their feudal overlords. History is full of examples that the symbols of luxury are the first to be destroyed in a revolution. Establish a vast and vicious army. Your reign is only as good as your army is intimidating. You must discourage others who wish to be king from attacking you and capturing your money tree. Keep the peasants in a perpetual state of fear. Use the media to continually frighten the citizenry—tell them how their very lives are threatened by those who want to conquer and kill them. That way, you have justification for all your many taxes. Peasants will pay dearly to those who offer protection from harm. Get the peasants to fight among themselves. Pit one class against the other. If you have a two-party system, let each blame the other for the problems at hand, even if they essentially both have the same goal: to serve themselves and their most influential members. In that manner, the peasants are less likely to unite and overthrow the king. Addict the majority of peasants to your handouts. The more dependent you can make the population on your handouts—as opposed to the results of their own work and effort—the easier it is to maintain power. As the old saying goes, “When you rob Peter to pay Paul, you can always count on the support of Paul.” Borrowing is fine. Go ahead and spend more than you take in through tax revenue. You are pledging the work efforts of future generations of your citizens to garner money for you to spend right now. But you will probably be dead before the bill comes due, so you need not worry. This can continue for decades as long as your creditors have faith in your money and ability to repay. Copious borro

U.S. Exports A Record Amount Of Gold To Hong Kong Posted: 25 Apr 2014 07:41 AM PDT The figures are out and it looks like the United States exported a record amount of gold to Hong Kong in January.  Not only was this a one month record... it was a WHOPPER indeed. Last year, the U.S. exported a total of 215 metric tons of gold bullion to Hong Kong.  This was not the total amount of gold exported to Hong Kong as some smaller quantities of Dore' and precipitates made their way into the country as well.

Gold Futures Selloff Wanes, Short Squeeze Coming? Posted: 25 Apr 2014 07:36 AM PDT Gold’s sharp selloffs since mid-March have been mostly driven by American futures speculators’ heavy selling.  These traders dramatically slashed their long bets on gold while ramping up their shorts.  The resulting deluge of supply flooded the market and temporarily overwhelmed demand.  But intense bouts of gold-futures selling quickly burn themselves out, and today’s is waning.  Thus gold’s upleg is due to resume. While many stock traders view the gold market through the lens of the mighty GLD SPDR Gold Shares ETF, it is still gold-futures trading that usually dominates price action.  While GLD certainly can move the gold price on trading days with particularly large builds or draws from differential GLD-share buying or selling, these are fairly rare.  The vast majority of the time gold and therefore GLD are driven by futures.

Gold, Crude Oil and S&P500 Elliott Wave Outlook Posted: 25 Apr 2014 07:23 AM PDT S&P500 has turned significantly to the upside in the last two weeks and recovered above the upper channel resistance line. Move from 1803 can be counted in five waves, thus it's part of a bigger move that should be made minimum in three legs. However, before uptrend resumes we need to be aware of a three wave corrective retracement that can already be underway now back to 1840-1856 region.

What is the future of gold? Posted: 25 Apr 2014 06:53 AM PDT Solutions Funds Group's CIO Larry Shover discusses his GLD options strategy and the future of gold

Pathogenesis Of Systemic Failure - Change Agents For Crisis Climax Posted: 25 Apr 2014 06:37 AM PDT Systemic failure and its pathogenesis have been over 50 years in progress, with countless events. The origin is found with the cabal murder Kennedy, but the climax finale will be found with the Saudi Petro-Dollar rejection and the arrival of Eastern gold-backed currencies. The pathogenesis is fierce, vicious, multi-faceted, coordinated, enforced, unstoppable, destructive, vile, with many unfortunate aspects and facades. The extreme vulnerability of the financial crime syndicate can finally be seen, the symptoms obvious. If somebody had asked Greenspan in 1995 whether the day would ever come when the US Federal Reserve would install Zero Interest Policy and keep the 0% rate in place indefinitely, then install Quantitative Easing and keep the bond monetization in place permanently, approximately 0% of the experts would say the day would arrive.

Gold Prices Break $1300, Hit 11-Year Record Negative Correlation with US Stocks Posted: 25 Apr 2014 06:08 AM PDT GOLD PRICES rose Friday in London, breaking to 5-session highs above $1300 per ounce and heading for the 13th weekly gain in 17 in 2014 so far as world stock markets fell.   The S&P 500 index was on track for only its 9th weekly gain.   The rolling 12-month correlation of gold and US stocks currently stands at the most negative annual average since end-2002, analysis by Bullionvault shows.   "A global recovery, particularly one led by the US, is not good for gold," reckons Neil Gregson, manager of J.P.Morgan's Natural Resources fund, speaking to The Telegraph.   "We see a challenging environment for gold in the year ahead," says Gregson, whose fund has lost two-thirds by value to $1.5 billion in the 3 years since silver prices peaked, and who currently holds a decade-low allocation to gold and gold-mining stocks.   Whipping Thursday in opposition to major Western stockmarkets, "Spot gold was all tee'd up to explode, which it did," says a note from Commerzbank's dealers, pointing to a build-up in bearish bets against gold, plus "heightened tensions in Ukraine."   Interim Ukraine prime minister Arseniy Yatsenyuk today accused Moscow of "wanting to start WWIII" after Russian troops came within 1km of their joint border in Thursday's hastily-called mobilization.   Russia's central bank cut its gold bullion reserves by 1.2 tonnes in March, new data showed overnight. Buying on average 8 tonnes of gold every month since mid-2007, it has been by far the world's heaviest official-sector investor, taking Moscow's reserves from 400 tonnes to more than 1,000.   Gold reserves reported by the central bank in Turkey – the world's fourth largest private consumer nation – also fell last month, reversing February's 3% growth and taking Ankara's total to 483 tonnes.   That includes commercial bank customers' deposits, allowed and counted as official reserves since 2012.   Gold prices in China, the world's No.1 consumer market, ended Friday in Shanghai some $1.70 per ounce below London quotes, extending the run of discounts to a 9th week.   India in contrast – overtaken by China last year – saw gold premiums to global prices reach 2.5-month highs today at $110 per ounce, Reuters reports, as demand grows ahead of the spring Akshaya Tritiya festival but supplies are  capped by anti-import rules and a crackdown on smuggling.   Costs to borrow gold in London, heart of the world's wholesale bullion market, today edged back towards this week's 8-month highs.

How Oversold Can Gold Price Get? Posted: 25 Apr 2014 03:29 AM PDT Gold is now extremely oversold, with emotional opinion in paper markets unanimously bearish. Traders tell us the 200-day moving average is well and truly broken and the next support level is $1260. However, when gold broke down through the $1280 level yesterday it rallied sharply to test the $1300 level in a one-day spike reversal.

Gold and Silver Prices - Filtering Out the Noise Posted: 25 Apr 2014 03:21 AM PDT Silver and gold price sentiment is an unmentionable reflection of the desires of central banking, backed by a currency enforced by decree. Real price discovery is the forbidden yet beating heart of darkness - where few are willing to travel. A million barriers are self-constructed to protect the sinister truth. And a million barriers rise up to justify price action, whether up or down.

Gregson: 'It will be hard for gold to perform in 2014' Posted: 25 Apr 2014 12:02 AM PDT Neil Gregson of JP Morgan Natural Resources fund says the economic recovery is bad news for gold

Has the Stock Market S&P Topped At Exactly The Same Price As Gold? Posted: 24 Apr 2014 07:11 PM PDT Chances are high that the S&P500 is in the process of making a huge top. We will discuss our rationale in this article, based on the gold to equities ratio, as well as current market conditions. The extremely interesting fact is that spot gold has topped at exactly the same level as the S&P500 top (to date, on a closing basis). Compare the following data:

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