Gold World News Flash |
- Silver Myths Smashed, Pt. 2: The Surprising Lie That Some Gold Lovers Repeat
- ALERT: Stage is Set For Possible Banking False Flag Next Week
- On QE99, Gold, & Global Growth Concerns – The Chart That Explains Marc Faber’s Fears
- Weekly Gold Trend Analysis: Stocks Sink as Gold Demand Rises
- On QE99, Gold, & Global Growth Concerns - The Chart That Explains Marc Faber's Fears
- Saxobank CIO Warns "The Narrative Of Central Bank Omnipotence Is Failing"
- China Acquired 2000 Tonnes of Gold In 2013, Almost Double World Gold Council Estimates
- China's Zhou says some countries already use yuan in reserves
- Banks accept derivatives rule change to end 'too big to fail' scenario
- Did Oil's Decline Take the Stock Market Down?
- Gold Investors Weekly Review – October 10th
- China now takes nearly all world gold production, Shanghai exchange chief confirms
- Jim Sinclair plans market seminar in San Francisco on Nov. 15
- TF Metals Report: Swiss National Bank claims credit for resolving crisis, not for causing it
- Gold And Silver Still No End In Sight
- An End Is Still Not In Sight Gold And Silver’s Price Decline
- Harvey Organ's Gold and Silver Blog Has Been Completely 'Deleted by Court Order'
| Silver Myths Smashed, Pt. 2: The Surprising Lie That Some Gold Lovers Repeat Posted: 11 Oct 2014 09:25 PM PDT Truth Gives You Such a High! from The Wealth Watchman:
Well, that was fun! In fact, smashing silver myths is so much fun, I think I'll do it again! Why stop in 3rd gear on the open road, right? What's next? Hmm, let…me…think… Oooooooh… How about this one… But before we get to that, I'd like to take a moment to thank the special someones in many of our lives. For all you silver warriors out there, maybe you know who I'm about to talk about. After all, most of us have someone in our lives who matches the following profile.
Someone we can really count on, ya know? Steady as the sun rising in the morning, or the moon waxing in the evening, these caring folks message us each day, just to see how we're doing. Ever faithful, they constantly make sure to remind us that they'll always be there, through the good times and the bad, and never let us down! In fact, they help remind us why we do what it is we're doing, and just put our lives into proper, 20/20 focus don't they? If you personally know someone who matches that description, then brother, let me offer you my sincere condolences! No, I'm not referring to your spouse or significant other(though they're important). I'm talking about your… Overly-attached Silver Troll!
Yeeeeeeees. Those curious creatures, who seem to have no job, no life, and no friends, all latch onto you, like adorable, lock-jawed, ravenous pit-bull puppies! Look, I used to get flustered at these people, but then I realized, that I had it all wrong! These were sad, lonely souls, just starved for purpose, love, and attention. I mean, if some goofball wants to make themselves my "nemesis", who am I to deny them that personal mission? Besides, brother, these days 'be kinda serious', ya know? If someone wants to accompany us and provide some comic relief along the way, why not embrace it? Completely? Laughter is an extremely important ingredient in the recipe for good health! Just let them be the canine forever chasing the car wheels. It's all good fun. Where would we all be without the those fluffy souls in our lives? Where would the "Yin" be, without the "Yang"? Why not just sit back, pour yourself a cold one and just relish watching them expend all that energy and time, with nothing to show for it? That's exactly what I intend to do. Life is too short to waste even one heartbeat trying to 'win over' someone playing that 'hard to get', someone who isn't there to be won. Just enjoy their humor, and deny them engagement. So, for all those 'secret admirers' we have out there, who were up at 3 a.m., posting responses to all our silver comments on every message board, every youtube vid, every website, everywhere!…I hereby dedicate this silver myth smack-down to you! Another Old Silver Lie "Stand-By" There are so many silver lies out there, that frankly it's hard to remember them all. Seriously. As we obliterate all the most sacred, silver-myth doctrines that trolls worship, we'd sure be missing out if we didn't take a particularly big wrecking ball to the one in this article. You've heard it many times, I'll warrant, but it bears repeating, and so without further ado, I give you a short exchange to spell out this common lie that, unfortunately, many gold bulls(who should know better) feel like propagating themselves: "But Watchman, why are you putting all that cash into silver, I mean, after all…." Waaaaait for it………
"It's just an industrial metal!" Ohhh! Swing and a miss, Johnny! Yes, this old stand by is supposedly the great trump card which many pull out of their sleeve, when all else fails! If you hadn't heard it yet, you will. So, let's take some well-spent time to chop the legs out from under this Ozymandias, once and for all. Shall we? What They're Really Saying This standard meme which is whipped out, is as thoughtless as it is common. Just as the previously-smashed silver lie, there are nuances to this unfortunate clich'e. In truth, most of the folks who say this are merely repeating what they heard someone else say. If you were to ask many of these people: "Oh! Silver's an industrial metal? What ramifications does that have for me as someone who uses it to store my economic energy, my savings?" Most of them, at that point, wouldn't even be able to explain which direction they were actually driving in. For those who can though, what they usually really mean when they utter that phrase, is: Silver isn't precious enough to be money, because too much of it is used for things besides savings. That because it doesn't simply have one major purpose(of storing economic energy and wealth, like gold), it isn't precious enough to function as a stable store of wealth. At that point, many of them that I've spoken to personally, simply stop talking, as if this factoid landed a great upper-cut, leaving poor, lightweight silver's grand picture in broken pieces on the ground. They always expect me to somehow amusingly concede something, but my response is always: |
| ALERT: Stage is Set For Possible Banking False Flag Next Week Posted: 11 Oct 2014 06:48 PM PDT by Bix Weir, Road To Roota:
U.S. and UK to test big bank collapse in joint model run
On the face of it it doesn’t seem like such a big deal but how many times have we heard of “exercises” and “simulations” being scheduled and run the very same day as an actual false flag event happens??
Many times!! Pre-Planned Boston Bombing Bomb Drill …and there are many more. Turns out that planning drills during life altering events is more the rule than the exception! So be AWAKE and AWARE next week as I don’t think this meeting between the Wizards Pulling the Levers is just a simulation… ALL THE PIECES ARE IN PLACE. May the Road you choose be the Right Road. Bix Weir More info at RoadToRoota.com |
| On QE99, Gold, & Global Growth Concerns – The Chart That Explains Marc Faber’s Fears Posted: 11 Oct 2014 06:30 PM PDT from ZeroHedge:
While The IMF recognizes the gaping chasm between collapsing global growth expectations and market exuberance, they remain confident that US growth will save the world. This, Marc Faber explains to a wise Bloomberg TV panel, is why stocks around the world (and now in the US) are starting to weaken, “the recognition that global growth is not accelerating,” as the narrative would like us all to believe, “but is slowing.” Central Bank money-printing has enabled deficit-heavy fiscal policy and, Faber simplifies, “the larger the government, the less growth there will be from a less dynamic economy.” Policy-makers have only one tool – money-printing, and QE99 is coming. |
| Weekly Gold Trend Analysis: Stocks Sink as Gold Demand Rises Posted: 11 Oct 2014 06:00 PM PDT from The Daily Bell:
This Week’s Monetary and Industrial Trends October is the cruelest month for stocks, which slumped again on Friday, victims of bad sales forecasts in the technology sector and perceived economic problems abroad. There was positive news on Wednesday with the release of Fed notes that indicated policy makers were reluctant to raise interest rates. Stocks jumped, but then promptly fell again on Thursday. |
| On QE99, Gold, & Global Growth Concerns - The Chart That Explains Marc Faber's Fears Posted: 11 Oct 2014 05:17 PM PDT While The IMF recognizes the gaping chasm between collapsing global growth expectations and market exuberance, they remain confident that US growth will save the world. This, Marc Faber explains to a wise Bloomberg TV panel, is why stocks around the world (and now in the US) are starting to weaken, "the recognition that global growth is not accelerating," as the narrative would like us all to believe, "but is slowing." Central Bank money-printing has enabled deficit-heavy fiscal policy and, Faber simplifies, "the larger the government, the less growth there will be from a less dynamic economy." Policy-makers have only one tool - money-printing, and QE99 is coming. In true Keynesian hockey-stick style, each time a current year's growth expectations slide, the following year's expectations are ratcheted higher... and if stocks weaken into that 'ratcheting' then the central banks unleash more QE... As the following chart shows, the gap between the 'efficient' market and fundamental reality has never been wider and - as Faber implies - policy makers simply cannot allow that gap to be filled (and all that created wealth to once again evaporate)... with QE4EVA coming to an end, the market is forcing "someone"'s invisible hand to act - demanding moar money-printing or the Keynesians will once again be proved entirely wrong.
With all that hot money having flooded into stocks, art, and real estate; this week's record high inflows into bonds suggest commission-takers' worst nightmare "great rotation" is about to happen... or The Fed, ECB, BoJ, PBOC will re-open the spigots and print (defending their actions on the back of global growth slowing - a new mandate it would appear) - and up goes gold.
Marc Faber discusses global growth, gold, money printing, China, and inflation in this interview... |
| Saxobank CIO Warns "The Narrative Of Central Bank Omnipotence Is Failing" Posted: 11 Oct 2014 04:32 PM PDT We have been discussing the widespread belief in "the narrative of central bank omnipotence" for a number of months (here and here most recently) as we noted "there are no more skeptics. To update Milton Friedman’s famous quote, we are all Bernankians now." So when Saxobank's CIO and Chief Economist Steen Jakobsen warns that "the mood has changed," and feedback from conference calls and speaking engagements tells him, there is a growing belief that the 'narrative of the central banks' is failing, we sit up and listen.
Via TradingFloor.com's Steen Jakobsen, CIO & Chief Economist Saxobank, The Mood Sours I have had several macro conference calls and speaking engagements over the course of this week – a few takeaways: 1. The mood has changed – See the “confidence index” from T Theory below for data. The driver in my opinion is the gradual acceptance of disinflation/deflation – as Albert Edwards has been pointing out and as Russel Napier has substantiated that when inflation gets low enough it becomes a problem for risky assets. (Edwards–Napier) 2. There is growing belief that the “narrative of the central banks” is failing. We've had such low yields for so very long now that it's becoming an issue. I've discussed this with several of you and the consensus opinion is that the European Central Bank's Mario Draghi lost out with his latest “wide in scope, small in size” programme; that the Bank of Japan looks like a deer caught in the headlights; and most importantly, Fed chief Janet Yellen and her team are doing a poor job in communicating their message. There is even open resentment of Yellen as a female chair. I don’t condone any of the Fed's policies, but I firmly believe Yellen is misunderstood. She is more dovish than the market can figure out and in contrast to her predecessors, she allows more room for the opinions of fellow board members. This is why we are seeing Stanley Fischer being a new and much-improved voice for the Fed, as is also the case with William Dudley. Further, Yellen is considerably better than both Alan Greenspan and Ben Bernanke in terms of understanding the mechanics of the Fed and the economy.
Janet Yellen is far more of a dove than people realise. Photo: Federal Reserve Finally on the Fed – I never understood how the market could pay so much attention to regional presidents. They are politicians, representing either specific economic agendas relative to their own region or are subscribers to some specific economic theory. Let’s hope the “dots” die soon as they are without doubt the most useless pieces of information ever. (You can reach a specific growth forecast from many angles being one of the issues.) 3. Central banks are now concerned about the velocity of foreign exchange moves (ECB and BoJ) and the Fed is explicitly worried about the impact on future US growth. This major change – a vocal change as often before initiated by New York Fed’s Dudley (September 21, 2014) and confirmed by Fed Minutes this week: "Officials at the Federal Open Market Committee’s Sept. 16-17 meeting warned that the stronger dollar may hamper exports, and said the economy could be hurt by a global slowdown." (Bloomberg) Of course 95% of Wall Street and 98% of all hedge funds remain long US dollar as it’s an island of strength – my model, however, disagrees, as seen below. The vertical line is the present...
My only call (since Q4-2013) remains that global yields (G10) drop to all-time lows – and in this final phase will be lead to the US 10-year going to 1.5% and the 30-year to 2.5%. This creates a derivative trade which is that the US dollar's strength is about to top. There is a significant possibility of the US dollar retesting recent highs. However, central banks, the momentum of the US economy, disinflation trends and a global geopolitical environment which sees the US lose power week by week, are all signs, although still early, of changes to the outlook. The world – growth-wise – does not work with a strong US dollar. Asia is linked and is suffering… 4. It’s often “too easy” to find negative charts after big down move, but I think these three represent more than a day or two of sell-offs...  Divergences...  A Low "Bear" count...  * * *
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| China Acquired 2000 Tonnes of Gold In 2013, Almost Double World Gold Council Estimates Posted: 11 Oct 2014 03:51 PM PDT |
| China's Zhou says some countries already use yuan in reserves Posted: 11 Oct 2014 03:11 PM PDT By Belinda Cao WASHINGTON -- Some countries are already using the Chinese yuan in their foreign-currency reserves without announcing it, China central bank governor Zhou Xiaochuan said. While China's yuan has begun to be used as a reserve currency for several years, some countries "may not be willing to say so," Zhou told Bloomberg on the sidelines of the International Monetary Fund meetings in Washington. China has stepped up efforts to promote the yuan's use overseas since the global financial crisis, as expansion in the world's second-largest economy provides more clout while Europe has yet to fully recover. The European Central Bank will discuss next week whether to begin laying the groundwork to add the Chinese yuan to its foreign-currency reserves, Bloomberg reported yesterday. "It's good that more countries are willing to adopt the renminbi as a reserve currency as our economy grows and our financial reforms continue," said Zhou, responding to ECB's consideration of adding yuan to its reserves. Renminbi is the official name of the yuan. ... ... For the remainder of the report: http://www.bloomberg.com/news/2014-10-11/china-s-zhou-says-some-countrie... ADVERTISEMENT Silver mining stock report 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: Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Banks accept derivatives rule change to end 'too big to fail' scenario Posted: 11 Oct 2014 03:07 PM PDT By Huw Jones LONDON -- The $700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets. The International Swaps and Derivatives Association (ISDA) and 18 major banks that dominate the market will now allow financial watchdogs to apply temporary stays to prevent a rush to close derivatives contracts if a bank runs into trouble, the ISDA said on Saturday. A delay would give regulators time to ensure that critical parts of a bank, such as customer accounts, continue smoothly while the rest is wound down or sold off in an orderly way. ... Under the new contract terms, default clauses in derivatives contracts such as interest rate or credit default swaps would be suspended for a maximum of 48 hours. ... ... For the remainder of the report: http://www.reuters.com/article/2014/10/11/us-banks-derivatives-regulatio... ADVERTISEMENT Jim Sinclair's Next Market Seminar Will Be Held Nov. 15 in San Francisco Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar from 10 a.m. to 3 p.m. on Saturday, November 15, at the Holiday Inn at San Francisco International Airport in South San Francisco, California. Admission will be $100. For more information and to register, please visit: http://www.jsmineset.com/2014/10/10/san-francisco-qa-session-announced/ Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Did Oil's Decline Take the Stock Market Down? Posted: 11 Oct 2014 02:45 PM PDT Submitted by Charles Hugh-Smith of OfTwoMinds blog, If oil has been leading the broad markets lower, should it find support at $84 and reverse, that could presage a reversal in the broader market. Did the sharp sell-off in crude oil trigger the meltdown in stocks? While there are plenty of potential reasons for the stock market to drop--stretched valuations, the slowdown in Germany, Japan and China, etc.--it occurred to me that the recent sell-off in crude oil might have served as a trigger. Any sell-off in a sector that represents a significant share of the stock market has the potential to trigger more selling, which then begets more selling. Energy is a sector that is generally well-represented in institutional holdings and mutual funds. Once oil broke key supports, institutional money managers reading projections of $60/barrel oil apparently decided to exit oil and oil services en masse. Given the weight of this sector in portfolios, mass unloading of oil stocks would negatively impact the entire S&P 500. If oil being dumped caused the market to breach key technical levels, that would cause managers to trim risk-onportfolios. This selling would then beget more selling as the downtrend gathered momentum. We can look for some correlation by comparing the charts of WTIC (crude oil) and SPX (S&P 500). Oil topped in June and rolled over into a downturn that gathered momentum once the 50-day moving average (breached in early July) and 200-day moving average (breached at the end of July) gave way. An attempted reversal in crude oil failed in late September, ushering in a brutal $10 cascade down to the $84 level.  Interestingly, though the SPX continued slogging higher after oil rolled over, the MACD of SPX began declining in July along with oil. Shortly after oil broke its critical 200-day moving average, the S&P 500 suffered a cascading downturn that sliced right through its 50-day MA. As oil continued its slide, the SPX recovered and reached new highs. But once oil broke down in late September, the SPX started wobbling. Once it lost its 50-day MA, it yo-yo'ed violently for a few days and then broke down to its 200-day moving average.  Crude oil has declined to possible support around $84, and the stochastic has turned up, signaling a potential reversal. If oil has been leading the broad markets lower, should it find support at $84 and reverse, that could presage a reversal in the broader market. This correlation is of course very speculative and may turn out to be a mere mote in my eye. Nonetheless, it bears watching WTIC in the weeks ahead to see if its turns continue to impact the broader market's direction.
* * * Additionally, the total collapse of bullish bets on Brent crude in the last few weeks - to record lows - suggest the long-squeeze may be running dry of ammo...
* * * Crucially, as we explained in detail here and here, if the manipulation of prices of crude oil lower by the Saudis is indeed a US-friendly anti-Russian move, how much equity market pain (and thus created wealth) is America willing to take for the use of "The Oil Weapon"? |
| Gold Investors Weekly Review – October 10th Posted: 11 Oct 2014 01:04 PM PDT In his weekly market review, Frank Holmes of the USFunds.com summarizes this week's strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,223.09, up $31.74 per ounce (+2.66%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.24%. The U.S. Trade-Weighted Dollar Index fell 0.90% for the week. Gold Market StrengthsGold futures rose this week as many anticipate the Chinese will take advantage of lower gold prices. Indeed, gold seemed to withstand recent decreases in oil prices as well as increases in the dollar, implying that many investors are taking advantage of the bargain prices. On Friday, the Bank Credit Analyst highlighted that gold prices are unlikely to break down after successfully bouncing off support at $1,200 and are poised to stage a relief rally into the end of the year. Gold Market WeaknessesDeutsche Bank recommended shorting gold due to the strong dollar environment. A continuation of the prevailing socialist model in South America, Chile’s Supreme Court granted a petition by the Diaguita communities to overturn a resolution to develop the El Morro gold-copper project joint venture (JV) in Chile. This is the third time Goldcorp’s El Morro project has been suspended in three years.
Gold Market OpportunitiesSwitzerland has decided to hold a vote on the initiative, which would force the central bank to hold at least 20 percent of its assets in gold. The initiative, scheduled for a November 30 vote, would forbid the sale of any holdings and require them to be held in Switzerland. If passed, the Swiss National Bank would have to buy roughly 1,500 tonnes of gold over five years to meet the 20-percent requirement. Since 1993, the Bank has reduced its gold holdings by 1,550 tonnes, the largest liquidation by any central bank. Changing from the largest seller to a rapid buyer should create serious tailwinds for gold.
The initiative put forth in Switzerland is part of a larger theme relating to increased gold purchases by central banks. Global central bank reserve holdings had been declining without interruption since 1989 until the financial crisis. Since 2008, there has been a steady rise in central bank gold holdings. With the possibility of substantial purchases from the Swiss National Bank, this rise should continue.
Gold Market ThreatsThe World Gold Council is calling on India to mobilize and monetize its household savings imbedded in physical gold stocks. If the Indian government decides to use the idle gold from households and temples, it would reduce the need for future imports, which would be negative for global gold demand.
BMO Capital Markets, Morgan Stanley and ANZ all reinforced their negative outlook for gold prices. While this consensus is negative, such wide consensus agreement usually coincides with a reversal in the going trend.
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| China now takes nearly all world gold production, Shanghai exchange chief confirms Posted: 11 Oct 2014 10:55 AM PDT 1:56p ET Saturday, October 11, 2014 Dear Friend of GATA and Gold: China's annual non-government gold consumption has been officially confirmed as having reached 2,000 tonnes, gold researcher and GATA consultant Koos Jansen reports. That figure is close to annual world gold mine production. The figure, Jansen writes, was repeated several times by the chairman of the Shanghai Gold Exchange, Xu Luode, in an address to the London Bullion Market Association conference in Singapore in June. Xu's disclosure confirmed Jansen's longstanding formula for calculating Chinese gold demand, repudiated the World Gold Council's longstanding and gross underestimation of that demand, and calls into question all reporting about Chinese gold demand by mainstream Western financial news organizations. Jansen's commentary is headlined "SGE Chairman: 2013 Chinese Gold Demand Was 2000 Tonnes" and it's posted at Bullion Star here: https://www.bullionstar.com/article/sge%20chairman%20xu%20luode%20chines... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Jim Sinclair plans market seminar in San Francisco on Nov. 15 Posted: 11 Oct 2014 06:31 AM PDT 9:30a ET Saturday, October 11, 2014 Dear Friend of GATA and Gold: Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar from 10 a.m. to 3 p.m. on Saturday, November 15, at the Holiday Inn at San Francisco International Airport in South San Francisco, California. Admission will be $100. For more information and to register, please visit: http://www.jsmineset.com/2014/10/10/san-francisco-qa-session-announced/ CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Anglo Far-East is a global market leader and innovator that for more than two decades has provided private purchase, vaulting, security logistics, transport, and liquidation of allocated gold and silver bullion outside of the banking system. AFE clients include individuals, family offices, and institutions like banks and regulated funds. Anglo Far-East: Think Outside the Bank Here's what one of our generationally wealthy clients has to say about AFE: http://www.afeallocatedcustody.com/research/teleconferences/download-inf... To get started, please visit: https://secure.anglofareast.com/ Anglo Far-East: Think Outside the Bank Join GATA here: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| TF Metals Report: Swiss National Bank claims credit for resolving crisis, not for causing it Posted: 11 Oct 2014 06:26 AM PDT 9:27a ET Saturday, October 11, 2014 Dear Friend of GATA and Gold: Commenting on the gold reserves referendum scheduled in Switzerland next month, the TF Metals Report's Turd Ferguson notes that the Swiss National Bank is claiming credit for resolving the country's financial crisis but not accepting responsibility for helping to cause it. Ferguson's commentary is headlined "Date of Swiss Gold Initiative Vote Inches Closer" and it's posted at the TF Metals Report here: http://www.tfmetalsreport.com/blog/6211/date-swiss-gold-initiative-vote-... CHRIS POWELL, Secretary/Treasurer 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: New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Gold And Silver Still No End In Sight Posted: 11 Oct 2014 03:05 AM PDT Miscellaneous, with a central not-so-apparent binder. Do they relate to gold and silver? In a way, yes. At the end of September, Yahoo ran a picture of Putin along side of Stalin. No too much in the way of suggestive association at play here by the media intent on pleasing the elites and federal government. The caption was what the two have in common, both from Russia certainly being one. What we know for sure is that neither ever won a Nobel Peace Prize, and neither has been responsible for inciting wars all across the globe and bombing other countries into submission, so Obomba is one-up on them in that regard, but his photo did not appear in the line up. |
| An End Is Still Not In Sight Gold And Silver’s Price Decline Posted: 11 Oct 2014 02:40 AM PDT At the end of September, Yahoo ran a picture of Putin along side of Stalin. No too much in the way of suggestive association at play here by the media intent on pleasing the elites and federal government. The caption was what the two have in common, both from Russia certainly being one. What we know for sure is that neither ever won a Nobel Peace Prize, and neither has been responsible for inciting wars all across the globe and bombing other countries into submission, so Obomba is one-up on them in that regard, but his photo did not appear in the line up. Question? How many countries have Russian troops on their soil? The US has maybe over 150. How many drone strikes has Russia conducted against other sovereign nations? No one has unleashed more killer drone strikes than Barack Hussein Obomba. No one. How many Islamic extremist groups has Russia trained and armed? The CIA has created, armed and trained al-Quida, and now ISIS with the intent is to create chaos in the Middle East as an indirect deflection for bringing down Assad in Syria and attempting to disrupt the flow of Russian oil and natural gas to Europe, trying to save the fast-sinking US fiat petrodollar. ~ Few Americans have ever heard of Udo Ulfkotte, a former editor of Frankfurter Allgemeine Zeitung [one of Germany's largest newspapers]. The CIA had been pimping him out to write pro-American articles for German and international consumption. He had an "aha" moment of conscientiousness when he could see how the US has been pushing so hard for war, and he had had his fill of lying for the US government. There is an article and clip from RT News, but do not be put off by the news source. No US media would ever give it coverage. It is interesting, especially for Americans who do not get any or much news outside of elite-controlled mainstream news. Lest anyone think the story lacks credibility, we did an article a few weeks ago of a US journalist who refused to cooperate and, in fact, wrote an expose on the CIA employing journalists in this country, [Do You Trust The Government, Or The Media?]. The movie, Dark Alliance, is due out soon. ~ Who put the TSA in charge of groping Americans, including the handicapped, the elderly, and children from toddlers to teens? In every other aspect of American society, children are a special class and are to be protected. The federal government does not see it that way. Obama is responsible for that. There has never been a single incident in U S airports to justify the personal abuse and onslaught against rights. Other airports around the world where terrorists are more likely to strike do not have the same kinds of unnecessary security as does the US, but it serves a purpose here. Psychological control and conditioning to keep citizens subservient to the increasingly militarized government. Ferguson, Missouri is an example of the direction this country has taken, and as night follows day, expect to see the militarization of all police, more control given to the TSA, more clamping down by Homeland Security [it is NOT your Homeland being secured… the homeland is the corporate federal government that is to be protected at all costs]. ~ The US wars in Iraq and Afghanistan cost $6,000 billion, and counting, as compared to the $738 billion spent on the Vietnam War. There are certain factions in the Western world that are the sole financial beneficiaries of creating war[s]. The United States has been in a perpetual "state of war" since WWII. During times of war, constitutional rights are suspended, a fact of which few American are aware. ~ Here is something to which many Americans can relate. To learn how corrupt the United States government has become, just follow the money. According to the most recent Federal Reserve Flow of Funds report, US households currently have an all-time high $82 trillion in overall wealth. However, that wealth is not evenly spread around. If it were spread out evenly, every US household would now have $712k. As of the end of 2013, the median household only had $56k in wealth. From 2007 – 2013, overall wealth increased 26%, while the median household lost a shocking 43% of their wealth. If median wealth continues to decline at this rate, over 50% of US households will be bankrupt within the next decade. Next time, listen closely to Obama as he tells you how well the economy is doing. Then compare his empty words to the facts of reality. ~ The US knows two things and two things only, exporting debt and war. The rest of the world has reached the end of their tolerance level as the US continues to lose respect and support from what were once considered staunch allies. Everyone knows what has happened to Greece, Cyprus, Ireland, and a host of other countries on the brink on insolvency. All of these countries were financially weak and politically vulnerable to the unelected officials from the EU who are dictating to these once sovereign nations. Those financially weak were stuffed with more impossible to repay burdensome debt. Other counties, particularly of the Muslim persuasion, have been facing war endless bombing, and the devastation of their countries, either in the service of US control of the drug trade and the wealth it brings, or in the service of applying pressure to Russia. ~ Take Germany, for instance, the de facto 53rd state of the United States. Germany has had to make some choices recently: agree to side with the US and support sanctions against Russia over Ukraine, or not. By allying with the US, Deutschland is faced with unlimited amounts of debt and increasing risk of war. By Germany not sanctioning Russia and maintaining its economic ties, instead, it had potential unlimited economic growth. Frau Merkel chose to side with the US and the unelected parasites from the EU and go along with the sanctions pushed so hard only by Obama and no other country. In so choosing, Merkel has put at risk over 300,000 German jobs. There has been a 25% decline in new car sales, 8.8% less capital goods were produced, factory orders were down by 5.7%, and industrial production declined by 4%, recently. There are around 4,000 German companies that do business with Russia, and there are also many financial ties between Germany and China. Germany chose to suffer economic decline over economic growth in order to support sanctions against Russia that are not working, and in fact are working against those countries participating in the sanctions. It is hard to believe Germany will continue along the path of decline along with the US descent into Third World Status. If not Merkel, sooner now, rather than later, the German people will say, Enough! When that happens, it will be the US/UK standing [sinking] alone as the rest of the Western world, maybe except Poland, decides sovereign-death- by-US-debt is not the way to go. ~ Ebola. Americans have to be body searched at airports, cannot bring bottles of water on board, and a host of other absurd but harmless rules, but hey if you have the Ebola virus, bring the patients to America on board flights. No problem, says the federal government. "We have everything under control." Why risk and allow people exposed to this deadly virus into the country? From that non-Ebola infected state, Connecticut, its citizens are now now subject to martial law where people can be detained for no apparent Ebola reason than "just in case," and detained for any length of time, without recourse to rights or any trial. How New World Order of Connecticut to take pre-emptive measures and shred the Constitution and all Rights for its residents. Coming soon to a state near you! Us motto: Never let a good disaster go without taking advantage of the people. ~ What is the binding factor in these events? All have the fingerprints of the elites going about whatever way necessary in order to destroy social order and bring about total New World Order control over a Single World State. Taken individually, there would seem to be no apparent tie, but all Western world events are tied to elite domination. The fact that the New World Order continues to move forward, unimpeded by any nation, to date, tells you how suppressed control over the price of gold and silver is so readily accomplished, irrespective of China and Russia's massive accumulation of both metals. The end of the story is inevitable, at least for the US as a failed nation that wrecked its own economy and those of many other countries, all in the service of perpetuating a fiat currency Ponzi scheme devised and implemented by the Rothschilds. No nation has ever escaped from or triumphed over a fiat paper economy. What so many are now discovering, and is the point of this article, is that it will take much longer than most ever expected before gold and silver will emerge as winners over a failed system. All of these seemingly unrelated events are examples of the hidden but absolute control exerted by government forces carrying out the orders of the money controllers. Have gold and silver seen a bottom yet, and is there a turnaround soon in the cards? No, and no. The realization that the Shanghai Gold Exchange has not had the impact of "truth in gold pricing" many expected, should come as no surprise. It is still business as usual as gold and silver languish around recent lows. There is no date one can mark on the calendar that points to an end of the Rothschild dominance over Western fiat currencies and their suppression of the anti-dote to all fiats, gold and silver. We reported Switzerland is due to hold a referendum on expanding the % of gold as a backing to its once stable currency. The Swiss central bank came out opposed to any such notion as it would restrict the central bank's ability to issue more fiat, and it would make Swiss bankers more fiscally responsible, an impossibility for them. If ever there were an example of getting out from under the Rothschild fiat thumb, this would be such an opportunity. It will likely go the way the Scottish referendum did: A fixed "No" vote. All one can do is to keep holding and keep buying as much as one can, suitable to their financial circumstances, and wait. There really is no alternative, and complaining about it will not bring the day of fiat reckoning any closer. Weekly gold has hit important support for the third time since the 2011 highs. There was an immediate rally following the previous two tests, and it would seem one will follow this one. There is a more positive sign on last week's retest, for it is the only retest where price opened near the low for the week and closed relatively strongly. Many want to be the first to call a bottom, and almost all of those "many" have already called for a bottom, some more than once, but we will not likely be among them. We prefer to follow developing market activity, and let it determine when a bottom is final. The realization of a bottom can take days, often weeks to confirm. Those who have called bottoms in the past few years never had the patience to wait for confirmation, which never came, obviously. Agreement between time frames is important, so after last week's key reversal low, a look at the daily chart is in order to se if that time frame supports the weekly activity.
The chart comments are apt. Wednesday's high volume red bar, [indicating a close lower than the previous day] is noteworthy because increased effort to sell did not lead to more selling. If that were the case, then the apparent selling is more likely smart money buying from weak longs and short-term profit-takers who bought lower. It seemed the activity from last week looked mixed but could be stronger than it seemed, so a look at an intra day chart could add to the read.
Three things stand out, in order, and their order demonstrates the necessity of waiting for confirmation of one form of activity followed by another. We start with the S/D from the previous Friday, 3 October. [S/D = Supply over Demand, denoted by an EDM {Ease of Downward Movement}, a wide range bar on increased volume that closes low-end.] By Friday's poor close, it "looked" like there was more downside to follow, and that would be a logical assessment. By the end of trade on Monday, the previous Friday's losses were retraced. There was no confirmation that Friday's sell-off would lead to lower prices. A few days later, on the 8th, there was another strong volume move lower, intra day, but it stopped at the developing support area of 1205, and a fast reversal developed on even stronger volume, a D/S bar that totally erased the sell-off from the 3rd. What can be said now of the activity from the 3rd, which was not apparent at the time, is that the S/D was really strong hands buying everything offered from weak longs, sell stops, new shorts, etc. This is an important piece of information because we now know that area, 1210 – 1195 will be defended as support rom those who were buyers. Adding the D/S market activity from the 8th strengthens that new read of market activity, and the 1205+/- area should be watched closely as future support. It also explains the artificially set closing price at the low of the bar, when in reality, price closed near the high. This would be a minor example of persistent price manipulation by the banks in charge of setting prices for gold. The seeming weak upside rally attempt and less than strong close looked like buyers had lost the ability to move price higher, but with last Friday's activity added, both days stayed above a 50% range retracement of the D/S high volume bar of the 8th. This indicates a sign of strength, at least for the short-term, in an otherwise down market environment. It is not that these price points are necessarily inviolate over the next several TDs [Trading Days], but they are important point to watch for HOW price reacts to them in the future. For example, if a correction were to hold at the 1205 area, it would then confirm what was observed back them. If price declines easily through the 1205 area support, it then erases the potential significance of support there. The conclusion is that gold has responded positively over the last several TDs. Now we need to see some successful retesting and holding at these observed levels.
Silver is a different read, lacking the positive elements discussed in the gold charts. We need to see buyers be able to create strong volume and strong close bars to the upside. Just as one swallow does not a summer make, one reversal bar does not a trend change make.
Not much can be said of silver until there is evidence of buyers taking a stand and overcoming the effort of sellers. In fact, silver remains in an oversold condition, so one cannot be very bullish about a market in a down trend and oversold within such a trend. It does not speak of any strength.
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| Harvey Organ's Gold and Silver Blog Has Been Completely 'Deleted by Court Order' Posted: 10 Oct 2014 07:19 PM PDT |
Many people have sent me the following article related to a huge meeting next week with the heads of the US and UK financial regulators. The meeting has to do with the ability to wind down large “Too Big to Fail” banks. Here’s one of the articles:
The dollar went down and down and so did stocks. And thus – the story goes – gold is valued more against the dollar than it was last week. Or, as Reuters puts it, “Gold retained gains from a four-day rally on Friday and was headed for its best week in nearly four months.” Safe-haven buying anyone?
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