Gold World News Flash |
- Liberia collapses into ‘economic hell’ as panicked population abandons farm fields and factories
- Gold and the Market Top?
- Paul Craig Roberts -- The FED in Panic Mode, Gold Rallies Dollar Sinking
- Indian govt. freaks out at gold demand and will try to suppress imports again
- The Crowded "Long-Dollar" Train Just Got Even More Crowded
- China's gold hunger surprises even Russia, Ing tells KWN
- The Commodities Trading Cheat-Sheet
- 3 Reasons the Silver Price is Bound to Rise
- Burn The Bonds; Pay The Pensions
- Sprott covers Chinese demand, GLD's decline, and investor mistakes
- Could India eventually produce as much gold as China?
- Financial World Is A House Of Cards Built On Sand
- Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End
- Weekend Update October 17
- Gold Stocks Analysis – FNV, CG, NCM, SBM
| Liberia collapses into ‘economic hell’ as panicked population abandons farm fields and factories Posted: 19 Oct 2014 08:00 PM PDT by Ethan A. Huff, Natural News:
Factory workers, farmers and many others with important daily duties simply aren’t showing up to work, which means that goods and services, as well as food, are all becoming progressively more scarce. It is the worst-case scenario that international aid groups hoped wouldn’t come about but that is clearly taking shape as the outbreak escalates with no end in sight. “The basic necessities of survival in Liberia — food, transportation, work, money, help from the government — are rapidly being depleted,” wrote Fred Barbash for WP. “The FAO [Food and Agricultural Organization] says that food is in increasingly short supply. Fields in some regions have been abandoned in part because people perceive Ebola may be coming from them or from the water used to irrigate them.” |
| Posted: 19 Oct 2014 07:40 PM PDT from AltInvestorshangout: |
| Paul Craig Roberts -- The FED in Panic Mode, Gold Rallies Dollar Sinking Posted: 19 Oct 2014 04:55 PM PDT Paul Craig Roberts -- Fed Afraid Rising Gold will Sink Dollar Economist Dr. Paul Craig Roberts says, "The reason they want to hold the gold price down is they are afraid of its impact on the dollar. The reason why they had to suppress the gold price is they had to protect the dollar from... [[ 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! ]]  |
| Indian govt. freaks out at gold demand and will try to suppress imports again Posted: 19 Oct 2014 04:45 PM PDT Government to Re-Impose Gold Import Curbs to Check Trade Deficit By Deepshikha Sikarwar http://economictimes.indiatimes.com/markets/commodities/government-to-re... NEW DELHI -- Barely months after gold import rules were eased, the government is looking to re-impose curbs as the country's insatiable appetite has led to a surge in the yellow metal coming into India, threatening to undermine the improvement in external balances. The finance ministry's revenue department has flagged the issue and asked the Department of Economic Affairs and the Reserve Bank of India to review the May 21 relaxation in the import rules issued by the latter. ... Dispatch continues below ... 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. The so-called 80-20 rule was relaxed in May by the RBI at the behest of the finance ministry after jewellers, bullion dealers, authorised dealer banks, and trade bodies sought easier rules. Under the 80-20 scheme, nominated agencies were allowed to import gold on the condition that 20 percent of the import would be exported. The easing of rules meant more entities were allowed to import gold. The trade deficit worsened to an 18-month high of $14 billion in September following a 450 percent rise in gold imports as importers rushed to take advantage of lower prices. "Gold imports have risen since the norms were relaxed. ... There is a concern," a finance ministry official said. "We have written to the DEA and the RBI." In its May 21 review the central bank allowed star and premier export houses to import the yellow metal subject to some restrictions. It also allowed banks and nominated agencies to provide gold metal loans for domestic use to jewellers and bullion traders. These rules were eased to facilitate gem and jewellery exports that had declined following the import curbs on gold. Alarm bells have also been sounded by intelligence agencies and customs offices that see imported gold meant for export purposes getting diverted to the domestic market. Gold imports rose to $3.8 billion in September from $2 billion in August. The government wants to tread with caution and take pre-emptive measures rather than be forced to react later. With capital flows expected to remain volatile over fears of the US ending its bond purchases and starting monetary tightening sometime in 2015, 2015, the government wants to keep a leash on unproductive imports. Experts agreed with the move. "Given the country's dependence on imported commodities and fluctuation in the currency, government will take all steps to address any factor that seeks to threaten macroeconomic stability of the country," said DK Pant, chief economist for India Ratings. "Currency has also seen movement because of rising gold imports." India had in August 2013 imposed quantitative restrictions on gold imports because of its burgeoning current account deficit, which stood at $88 billion or 4.7 percent of GDP in 2012-13, increasing its vulnerability to capital outflows and weakening the rupee. The country also increased import duty on the yellow metal in phases. In January 2012 the government imposed an import duty equal to 2 percent of value of the commodity as against the earlier specific rate of R300 per 10 grams. It subsequently raised this in phases to 10 percent. 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: |
| The Crowded "Long-Dollar" Train Just Got Even More Crowded Posted: 19 Oct 2014 04:24 PM PDT With two weeks of weakness, one might be forgiven for thinking the crowded "long-dollar" train had let off a few passengers (after its post-Bretton Woods record-breaking streak of gains).
But no, as Goldman notes, that train just got even more crowded... as overall USD speculative net positioning is now the most long it has been in recent memory.
EUR net shorts increased $1.4bn to $24.6bn. JPY net shorts decreased $1.2bn on the week to $11.8bn. * * *
...and is likely not over yet... as even though the net short has been unwound extremely rapidly, in 2007, the yield compression did not stop there.
Source: Goldman Sachs |
| China's gold hunger surprises even Russia, Ing tells KWN Posted: 19 Oct 2014 04:17 PM PDT 6:15p CT Sunday, October 19, 2014 Dear Friend of GATA and Gold: In an interview with King World News, John Ing of Maison Placements in Toronto says that even Russia is surprised by China's determination to obtain gold with which China's currency, the renminbi, could be backed. An excerpt from the interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/20_R... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Free Storage with BullionStar in Singapore Until 2016 BullionStar is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore. BullionStar's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in BullionStar's bullion vault, which is integrated with BullionStar's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore. Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter. For more information, please visit Bullion Star here: 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: |
| The Commodities Trading Cheat-Sheet Posted: 19 Oct 2014 02:51 PM PDT With commodity prices tumbling to 2009 lows, comprehending between the differing risks to Soybeans and Silver or Copper and Cocoa is crucial. Deutsche Bank has created just that 'cheat-sheet' - just how vulnerable is Gold to Ebola? or Silver to China growth?
Bloomberg's Commodity index is at 2009 lows...
So here's how to differentiate the commodity complex's risks...
Charts: Bloomberg and Deutsche Bank |
| 3 Reasons the Silver Price is Bound to Rise Posted: 19 Oct 2014 02:26 PM PDT
Silver managed to close Thursday at $17.37 per ounce after taking a steep fall to $17.04 the previous day. The drop followed the news that litigation alleging silver price fixing on the parts of Deutsche Bank (NYSE:DB), The Bank of Nova Scotia (TSX:BNS) and HSBC Holdings (NYSE:HSBC) has been centralized in a Manhattan federal court; a strong US dollar also didn’t help matters. |
| Burn The Bonds; Pay The Pensions Posted: 19 Oct 2014 11:44 AM PDT There has been a major (economic) policy-decision reached and implemented, across the corrupt Western bloc. But it has never been the subject of political debate, let alone any sort of formal vote. Indeed, this policy decision has never even been explicitly/publicly acknowledged by any of these Deadbeat Governments. What policy decision is this? Year after year, these governments assured us that their corrupt/incompetent economic policies had not rendered our economies insolvent. Now, much more quietly; these same governments are acknowledging that they can't meet all of their financial obligations – and thus have begun defaulting. The (unstated) policy decision comes with respect to which obligations they have chosen to willfully engage in default, and which obligations they have chosen to continue to fund. The policy decision is very simple: they have chosen to continue to pay the interest on their/our massive debts (not one penny of "principal" is ever repaid), while they begin to systematically default on paying their pension obligations to the people. What must be understood is that this traitorous act is just as indefensible in economic terms as it is in moral terms. As a matter of elementary economics; there is no "economic benefit" of any kind derived from continuing to make (only) interest payments on our gargantuan (and unsustainable) debts. Every penny paid is wasted money. Once any debtor goes so deeply in debt that they can never do any more than pay interest on their debts; they are technically insolvent. It is at this point (in the real economy) that any legitimate business (or government) begins a "structured bankruptcy" proceeding, because the sooner such insolvency is acknowledged (and restructured) the less the economic harm. Instead, these Deadbeat Governments have not only begun defaulting on their important financial obligations (i.e. pensions) but they have been selling-off choice assets – to the bankers, at pennies on the dollar – thus destroying their future revenue production. Here the insanity (and criminality) must be explicitly acknowledged. The Western "big banks" (all tentacles of the One Bank) are given $trillions per year in newly-printed money, for free, as the standard monetary policy of all our central banks. But our governments (municipal, state/provincial, federal) must borrow every penny of their own funding (which isn't covered by declining revenues). Thus these Vulture Banks (with their unlimited stacks of free money) have not only reaped endless $trillions in lending us money which they are given for free, but they also use their free money to undermine our ability to pay – making these governments even more insolvent. Why are private banks given $trillions for free, every year, but our own governments must "borrow" (i.e. pay for) every penny? We get no answer to this question (ever) from our (corrupt) governments, (thieving) bankers, or (dishonest) media, because there is no answer. This is nothing more than systemic corruption. These bond debts are all totally illegitimate – thus there is no legal or moral obligation for our governments to continue making payments on these corrupt debts. Conversely, paying pensions to the people is an economically virtuous activity, which produces numerous (positive) "ripples" when those pension-dollars flow, and causes equally severe ripples of harm when those payments are (illegitimately) withheld. We start with the fact that we live in (as the bankers/media/governments tell us every day) "consumer economies". Thus not only are these pension payments important in shoring-up (declining) consumption, with our aging populations they have never been more economically important in our entire history than they are today. However, we gain an even better understanding of the importance of a (legitimate) pension system, by looking at an economy which has been functioning without one: China. Creating a national pension system (and then actually paying those pensions) is one of China's most-important economic objectives. |
| Sprott covers Chinese demand, GLD's decline, and investor mistakes Posted: 19 Oct 2014 11:06 AM PDT 2p ET Sunday, October 19, 2014 Dear Friend of GATA and Gold: Eric Sprott, CEO of Sprott Asset Management in Toronto, was interviewed last week by the TF Metals Report's Turd Ferguson, discussing gold demand from China, the removal of gold from the exchange-traded fund GLD, methods of evaluating mining stocks, the mistakes gold and silver investors have made in recent years, and the continuing deviation of gold and silver prices from historical norms. The interview can be heard at the TF Metals Report's Internet site here: http://www.tfmetalsreport.com/podcast/6236/discussion-eric-sprott CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Own Allocated -- and Most Importantly -- Zurich, Switzerland, remains an extremely safe location for storing coins and bars of the monetary metals. If you do not own segregated physical coins and bars that you can visit, inspect, and take delivery of, you are vulnerable. International diversification remains vital to investors. GoldCore can accomplish this for you. Read GoldCore's "Essential Guide to Gold Storage In Switzerland" here: http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland Email the GoldCore team at info@goldcore.com or call our trading desk: UK: +44 (0)203 086 9200 -- U.S.: +1-302-635-1160 -- International: +353 (0)1 632 5010 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: |
| Could India eventually produce as much gold as China? Posted: 19 Oct 2014 10:53 AM PDT Nobody would laugh at the rupee anymore. * * * Is India Sitting on a Gold Mine? An interview with Sandeep Lakhwara, managing director of Deccan Gold Mines By Rajalakshmi Nirmal India has very large resources of gold, several geological studies say. One estimate (2005 study) puts the country's primary gold resources at about 491 tonnes. But the country hardly finds a mention in the global list of large miners. It produces just three-four tonnes of gold annually. Sandeep Lakhwara, managing director of Deccan Gold Mines, a listed gold exploration and mining company, talks about the issues faced by the industry and the country's prospective gold reserves. * * * Q: For how many years have you been in this business? How many operating mines do you have currently? A: We have been in this business for the last 12 years, but essentially we are still explorers and do not have operating mines yet. We are prospecting in many regions within the country -- almost in 60-70 places. We are fairly optimistic of at least a dozen of these yielding deposits that are mineable. The grades may vary from 1-2 gm a tonne to 3-4 or 5 grams a tonne. ... Dispatch continues below ... 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: How many gold mines are operational in India now? What is the potential for India to become a large gold producer? Currently there is only one gold mine that is operational -- the Hutti gold mine in Karnataka. It produces about three tonnes of gold per annum. The potential in India is huge. Over the next two decades we could produce about 300 tonnes per annum, similar to what China produces currently. China started mining two-three decades ago and is one of the world's largest producers. Does India really have such large reserves? We believe so. However, unless you explore, it is difficult to ascertain the actual quantity of reserves. But to find and produce 300 tonnes over the next two or three decades is not an unreasonable assessment. What is the process involved in exploring? First and foremost, based on historical data and study by the Geological Society of India, we zero in on a particular area we think may have potential and apply for a Reconnaissance Permit (RP), which gives us the right to explore that area. In India, the RP is granted generally for a period of three years. If after doing basic exploration we find that the area has a strong potential, we then apply for a prospecting licence. This gives us the right to undertake full drilling in that area. The various rock samples we obtain from drilling are then analyzed to narrow down to the area where the potential for a gold deposit is high. We then apply for a mining license. How much time does it take to find a deposit? Globally, it takes about 10 years to make a discovery from the time you start exploring. But in India it takes longer, because of the time taken to obtain licenses. In India the RPs take one or two years, prospecting licenses about two to five years, and another five years or more to obtain a mining license. There are some licenses that are pending for more than a decade. The delay has mainly been due to lack of clarity in the regulatory system and the lengthy process for approval. For a prospecting licence, for instance, you start at the Tahsildar level in the village where you are prospecting. Then the file goes all the way to the Centre to the Ministry of Mines, and again comes all the way down for actual execution. What is the cost of exploration? The exploration cost involves the cost of geological surveying, sampling, assaying, drilling, and the cost varies depending on the size of the resource (the larger the resource, higher the cost), the type of ore and the kind of drilling. Let me tell you about a particular mine at Ganajur, in Karnataka, where Deccan Gold has applied for a mining license. Since this is an open-pit mine, the cost of mining would be about $400-600 an ounce. The global cost of mining, which is about $950-1,000 an ounce, is for underground mines. Why do we not see many private players in gold mining? Regulatory hurdles are the main reasons. The time it takes to obtain approvals and licenses makes the whole project economically unviable. Opening up of the sector can help explore the untapped gold reserves within the country. This, in turn, can reduce our dependence on gold imports. 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: |
| Financial World Is A House Of Cards Built On Sand Posted: 19 Oct 2014 09:45 AM PDT Take heart PM community, your turn is coming. What is happening in the stock market is a harbinger of what is sure to come for gold and silver, at some point in the future. When? Ah, that elusive question the answer to which so many want to know, the same answer to which so many so-called prognosticators have serially gotten wrong over the past few years. The best answer is patience. It is highly unlikely that a single bank, at least in the Western fiat central banking system, is solvent. All, repeat, all banks are insolvent, propped up by the Rothschild system that few can successfully challenge. All banks exist by accounting deceit and every kind of threat, indirect or otherwise, that it is not wise to challenge the international banking cartel [on the verge of collapse]. Russia and China are rising to the occasion rather timely. What is the result of "printing" trillions upon trillions of fiat currency? While it has not yet played itself out, due to market distortions by "The Powers That Be," history shows that all fiat paper currency systems fail. Is it any different this time around. No! The only thing "different" would be the mechanics of how the Western system will fail. A combination of computers and the internet have given the elites a decided upper hand that has enabled the "disenabling" system they run an extended life, if you will, in their ability to perpetuate fiat deceit. As an aside, most people are totally unaware of the extent to which the elites have been able to dominate every facet of human life on this planet. Control is not a strong enough word to describe the extent and depth of the evil they wrought in their utterly corrupt ambitions to rule as a one-government New World Order. We believe we have a degree of insight on some of the ways in which events have been played out on the world's stage, the coup d'etat against the United States by the Rothschild moneychangers, the final nail in the proverbial coffin being the takeover of the United States currency with the passage of the Federal Reserve Act in 1913, and the simultaneous abdication of Congress in its Constitutional duty to Article 1, Section 8: "To coin money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
There have been hundreds of thousands of deaths of lesser known people as a result of opposing the elite's system, almost all of which cannot be directly linked to those in control. Remember the more than a dozen bankers who "suicided" themselves in the past few years, one by several "self-inflicted shots from a nail gun." It is possible that the number of deaths over time may be in the millions. We will never know. There is so much more that would be shocking to anyone's senses to hear and learn of the degree to which psychological, economical, educational, medical, and biological warfare has been directed against The People, or those not a part of the diabolically corrupt system controlling and running everything, by the moneychangers. Back to that to which some people can relate. There is one reason and one reason only why the stock market has been going up in "paper value," an oxymoron in itself, and it has been a direct result of pouring in trillions of freshly printed fiat currency from the banking system into the stock market. We gave up on participating in that Ponzi scheme a few years ago, not willing to abet the corruption and greed of the Wall Street scammers, the largest firms that control the markets, and the federal government. This has been a result of cheap available "money," [available only to bankers to support the corrupt and totally insolvent banking system], [mis]used to perpetuate the myth that unbridled money printing can sustain the economy, when as any reasonably literate person has to know that an infinite supply of money can only destroy the system. If anything has been learned from the 2008 real estate and stock market bubbles, too many have either forgotten or disregarded recent history. Last week's decline and speed in the stock market is the first shot across the bow that this fantasy called a stock market rally is beginning to end. It often takes several months for a market to top, and one need only look back at the 2008 stock market to see how a top unfolds. The details or the mechanics of the market top may differ, but the net results, a precipitous decline, will not. The point for buyers and holders of gold and silver is to see how blatant, unless you watch and believe in the elite's mainstream media cartel, the stock market has been manipulated, a word familiar to the PMs markets. The beginning of the end is about to unfold right before your eyes. It is impossible for the central banks to keep printing money to feed a broken system. Almost all markets have been distorted by the Rothschild central planners, and the extent to which distortions have been disrupting the natural order of events, it will result in an equal and opposite effect will eventually ensue. We discussed this in July 2013. [See article about Newton's Third Law, {7th par.}] We stated even then that we did not know when the market decline would end but was more optimistic that the end would be sooner than the now later time frame. It may be changing to the sooner-now-rather-than-later situation, but no one knows, and our point continues to be that knowing does not matter…preparation does. The damage being done to the world economy has no precedent. The extent to which the world is being manipulated has no precedent. The degree of endless "wars" engaged in and provoked by the United States in has no precedent. The amount of worthless "currency" being used by the moneychangers to fleece the world of its wealth does have a precedent in the Rothschild formula, but the degree to which it has been utilized has no precedent. One day, and it is a certainty, the value of gold and silver will double, triple, or some unknown multiple of current suppressed values, and those who have been bemoaning the current prices will be equally rewarded as those who have kept the faith and knew that it was just a matter of time. In the world of fundamentals, timing is never an absolute or a factor. In the world of charts that track developing market activity, which is actually a more accurate way of reading all of the known and yet to be known fundamental considerations, timing is everything. So far, the moneychanger manipulators still have the upper [dirty] hand. The gold/silver ratio has recently risen above 71:1, after staying in the 68:1 area for a while. It should be more closely watched for those considering a switch from gold into silver, or some portion of their gold holdings into silver. For our reasoning on why, see Magic Of Gold/Silver Ratio article from July. Yes, there is a "give-up" cost in the number of ounces exchanged in the process, but do the numbers to determine if it is worthwhile. If the ratio were at 73:1, for example, maybe you will get a 68:1 exchange from a dealer. 10 oz of gold = 680 oz of silver. At some point the ratio goes under 40:1, and you get an exchange at 45:1. Your 680 oz of silver is exchanged into 15 oz of gold, or 50% more in gold had you opted not to do an exchange because there was a "cost" involved. Who knows, the ratio could get back to the 20:1 area, and an exchange at 25:1 from a dealer would yield almost 28 oz of gold, almost tripling the 10 oz when started. One thing about the future, Anything Can Happen! A pre-set mind can be limiting. Consider the above when considering the below. Just a thought.
What can be said about the decline under broken support is that there is no acceleration to it. When price broke the important 26 support level, it immediately [almost] went to 18+. Breaking 18.50, the decline, so far, has "only" been to 17, where it has been consolidating, as opposed to being driven lower. Price may continue lower, or not, but at a much lower pace, and that is a positive. Regardless of the final level of decline for silver, keep in mind the bigger picture of reality as it temporarily remains distorted by fiat fiction, but a fiction that has lasted longer in it temporary phase than most have expected. It is what it is, and that is what we must all deal with, for now.
Weekly gold, second verse same as the first.
1240 was an area of resistance, for us. Price rallied to 1250. Does this mean the beginning of a change in pattern behavior? Possibly, but it does not matter because there is not enough information to declare a change in trend is under way. Will the rally extend higher into next week? Possibly, but the probability is low. What will be of keener interest is how the next reaction lower develops. If the ranges narrow and volume declines, it will indicate a lessening of selling pressure. If ranges widen and volume increases, there is no promise that support will hold, as it failed in silver. We have no clue how the next reaction will develop, and we do not need to know ahead of time. All we need do is be prepared for the information the market provides and then be in a position to respond and not have to guess. Patience is not a common trait for futures traders. [It is for holders of the physical]. The best on can do for now is to be patient, grasshopper.
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| Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End Posted: 19 Oct 2014 07:17 AM PDT There are strong indications that the remarkable run up of asset prices in the last few years is beginning to run out of steam and may be on the verge of collapse. We will leave aside the question of whether the asset inflation is symptomatic of a garden-variety inflationary boom or is a more virulent bubble phenomenon in which prices are rising today simply because buyers anticipate that they will rise tomorrow. |
| Posted: 19 Oct 2014 06:38 AM PDT By Terrence Campbell, head content writer at Gainesville Coins, a leading gold and silver distributor. ABSTRACT: Stocks got absolutely trounced this week, saved only by ephemeral rumors of... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!} |
| Gold Stocks Analysis – FNV, CG, NCM, SBM Posted: 19 Oct 2014 06:00 AM PDT FRANCO-NEVADA CORP (FNV) Franco-Nevada Corporation (FNV) is the Big Daddy of the Canadian gold market. It is listed on the Toronto Stock Exchange (TSX) with a market capitalisation of around CAD$7.8b. Its main interests are its North American gold assets but it is a truly global company with investments in several other countries including Mexico and Australia. Price last traded at $60.25. To learn more about the company, please visit its website at www.franco-nevada.com Let’s take a top down approach to the technicals beginning with the yearly chart. |
Ebola is now spreading so fast in West Africa, and causing so much death so quickly, that the regional economy is on the verge of a total collapse. The Washington Post (WP) reports that Liberia, the hardest-hit Ebola country, is now teetering over a chasm of “economic hell,” as locals increasingly skip work to avoid infection.
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