Gold World News Flash |
- JIM ROGERS - Global FOOD PRICES to RISE, GOLD MANIPULATION, CHINA & more
- Fans of Central Banking Have an Achilles Heel
- Current Economic Collapse News Brief
- Shanghai Gold Exchange Weekly Withdrawal of 51.5 Tonnes for October 17
- Why America Ranks 26th In The Developed World For Math (In 1 Common Core Question)
- Meet The Millennials: All You Ever Wanted To Know About America's Youth, In Charts
- Weekend Update October 24
- Greenspan says he's not aware of gold price suppression through central bank leasing
- 5 Reasons Why Australia Is Facing Economic CRISIS & COLLAPSE!
- Negative interest rates threaten to destroy not just savers but IMF as well
- Gold And Silver Price - Respect The Trend But Prepare For A Reversal
- Respect The Gold And Silver Price Trend But Prepare For A Reversal
- Gold Price Rebounds but Gold Miners Struggle
- The Trend Every Nation on Earth Is Pouring Money Into
- The BIS Paves the Way for Silver and Gold
- Shanghai Posts 51.5 Tonnes of Gold For the Week: How Long Can the Gold Pool Be Sustained
- Bullish Silver Stealth Buying
- Blood in the Streets to Create the Gold Stocks Investor Opportunity of the Decade
- Gold and Silver Subdued as Panic Over
- Swiss ‘Yes’ and ‘No’ Gold Initiative Campaigns Compete at Launches in Bern
| JIM ROGERS - Global FOOD PRICES to RISE, GOLD MANIPULATION, CHINA & more Posted: 25 Oct 2014 10:56 PM PDT Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of "trophy" acquisition. Jim also comments on whether a US... [[ 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! ]]  |
| Fans of Central Banking Have an Achilles Heel Posted: 25 Oct 2014 07:54 PM PDT by Keith Weiner
Most of my writing about the gold standard is about how it works, and how the paper dollar standard doesn't. A casual conversation I had with someone recently underscored that there is an even stronger argument. Our opponents, those who support central banking and irredeemable paper money, have to make two cases. One is to defend the theory and practice of central banking, that central bankers are wise and honest and that their debt-based paper money works. They have to argue that the dollar does everything you want money to do, such as hold its value, enable proper accounting, encourage savings, support a stable economy, etc. Well, they can go through the motions and fool the ignorant. The other is that they have to defend the use of force against innocent people. Central planners constantly run into the problem that people are not willing cogs. We don't want to be jammed into the machine where directed. The central planners never have our best interest at heart. Quite the contrary, they seek to sacrifice our property, liberty, goals, and well-being. Supposedly it serves some sort of public good, though it's never the good of any particular member of the public. Anyways, no one ever goes along voluntarily. Central planners have to pass laws, in order to do whatever good to us that they feel needs doing. Safely backed by the law, they need not worry about our petty little concerns. They can force the unwilling to obey, under threat of loss of property, liberty, and ultimately life. If you don't agree with this, think about what will happen if you refuse to pay your taxes. It may take a few years, but sooner or later, armed agents of the government will come to arrest you. If you don't want to be arrested, they will force you into handcuffs. If you are able to fight that off, at some point they will shoot you dead. In the case of irredeemable paper money, there are several ways that the government forces people to use it. One is the capital gains tax on gold. Another is the legal tender law. There are others. The economic arguments for irredeemable paper and central banking are fallacious and often frivolous. We can and should confront every falsehood, every logical error, every misrepresentation of the gold standard and its defenders. We must also make the affirmative case for the benefits of the unadulterated gold standard. However, we have one more weapon. It demands to be used, when the context is appropriate. Our adversaries are confessing to the very failures of their system. If paper scrip were truly superior to gold, people wouldn't need to be forced to use it. When a bully can't prevail in an argument using reason, he becomes violent. Our monetary opponents are bullies. They resort to force, which is their moral failing. This is their Achilles heel, and it's even more important than their economic errors. At best, central bank advocates are Machiavellians, seeking to use people as a means to their own ends. At worst, they are little Hitlers and Stalins, rationalizing their actions with the tired cliché "you have to break a few eggs to make an omelet." We need to strip their veneer of respectability. Many people will get that, even if they don't understand monetary economics.
You are cordially invited to The Gold Standard: Both Good and Necessary, in New York on Nov 1. There hasn't been a real recovery from the crisis of 2008, and there won't be until we return to the use of gold as money. At this event, you will hear Andy Bernstein present the moral case for capitalism, and Keith Weiner present the case for the gold standard as the monetary system of capitalism. |
| Current Economic Collapse News Brief Posted: 25 Oct 2014 07:22 PM PDT In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.' [[ 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! ]]  |
| Shanghai Gold Exchange Weekly Withdrawal of 51.5 Tonnes for October 17 Posted: 25 Oct 2014 07:00 PM PDT by Ed Steer, Casey Research:
The high and low ticks aren’t worth looking up. Gold finished the day at $1,231.00 spot, down 90 cents from Thursday’s close. Net volume barely moved the needle at only 80,000 contracts. The Shanghai Gold Exchange reported their withdrawals for the week ending Friday, October 17—and the magic number for that week was 51.506 tonnes, which is a very chunky number once again. Here’s Nick Laird’s excellent chart that shows the change. |
| Why America Ranks 26th In The Developed World For Math (In 1 Common Core Question) Posted: 25 Oct 2014 06:25 PM PDT Among the 34 OECD countries, the US performed below average in mathematics and is ranked 27th, according to The Program For International Student Assessment (PISA).
While the U.S. spends more per student than most countries, this does not translate into better performance (e.g. the Slovak Republic, which spends around $53k per student, performs at the same level as the US, which spends over $115k per student). PISA adds that students in the US have particular weaknesses in performing mathematics tasks with higher cognitive demands, such as taking real-world situations, translating them into mathematical terms, and interpreting mathematical aspects in real-world problems. But there is good news - a silver lining they offer - "a successful implementation of the Common Core Standards would yield significant performance gains." However, they may have to rethink that after looking at the following...
|
| Meet The Millennials: All You Ever Wanted To Know About America's Youth, In Charts Posted: 25 Oct 2014 05:00 PM PDT When it comes to the future of the US, the biggest question mark by far is anything relating to the Millennial generation, those Americans born between 1980 and 2000, which happens to be one of the biggest generations in US history. In fact, the largest US age cohort is currently the 23 year olds. However, Millennials are different from previous generations in many ways. For example, today's 25-34 year olds are more likely to be minorities (40%) and a higher share of them has college degrees (35%). In addition, they are choosing different fields of study in college: while engineering was in the top five bachelors' degrees awarded in 1980, in 2010, psychology replaced it in the top five rankings. This student debt-bubble funded college infatuation also happens to be the biggest curse of the Millennials, and as discussed a year ago, "Millennials Are Devastated As American Dream Becomes Nightmare For Most." Still, despite their differences, and the over $1 trillion in student debt which is making the US economic recovery virtually impossible, Millennials are in many ways like prior generations. Or rather better be if there is to be any hope of the conventional Keynesian medicine fixing a problem that may be at its core demographic (just like in Japan). In order to get a better grasp of the wants and needs, as well as problems and liabilities of the Millennial generation, we present various extensive charts that highlight the key issues surrounding those young Americans which are gradually entering their post-college careers only to find pervasive disappointment. First, as noted, here is the size of the Millennial generation in context:
They may be everywhere, but their job opportunities are limited, and not only in the US...
Which is also pushing the labor participation rate lower. Sorry BLS apologists: it has nothing to do with demographics and everything to do with global economic depression.
So without job opportunities, Millennials are forced to spend more and more time in a state of suspended occupational animation while hoping for better days.
Although as we noted earlier this week, record "student debt" is not just a young person problem any more: increasingly people in their 50s, 60s and 70s are crippled by loans they took out to help their professional development, which they find they simply can't pay back.
Still, there is some hope that the college (and student debt) bubble are bursting: college admissions in the past two years have declined.
So with fewer job opportunities available to Millennials, and with virtually no wage growth to talk of (for anyone, not just the young), it is not surprising that median incomes for those in the late 20s and early 30s have stagnated, usually at the expense of those 2-3 decades older.
In fact, of all nations, America's youth seem to be the most disadvantaged of all relative to the national average in recent years (whether Gen X and mostly the Baby Boomers are to blame is a different topic entirely.
The simplest way to show the lost income opportunity for Millennials is the following chart of median income for 25-34 year olds as a % of total:
With less disposable income, and thus fewer assets, today's youth is finding it ever more difficult to build up a solid credit history...
... which means with less credit available, they have to save up cash for rainy days...
... and another logical outcome: fewer can afford to buy homes and start familiies, instead chosing to live in their parents' basement...
... which assures that a Japanese style demographic collapse is just a matter of time.
It also means that the old American Dream of buying a home is increasingly impossible for most. The new American dream: renting.
To summarize the Millennial predicament: overeducated, with less disposable income and drowning in student loans. Yet like every other generation before them, they too have needs, wants and desires. In the purely materialistic realm these are the key needs as self-reported by Millennials.
The charts below summarize what they spend money on compared to all households:
Somewhat curiously, there hasn't been a dramatic change in the distribution of household spending over the past two decades:
Still, there is a notable shift in more recent years, especially when it comes to discretionary spending and education.
They may not have much disposable income, but they do have a vocal brand preference.
And while it is unclear if today's youth consumes fewer calories due to health reasons or simply because it can't afford to eat as much (or simply is getting better at self-delusion when reporting consumption patterns)...
... one thing is clear: they want their cell phone...
... and their online video.
So with all that bad news, what are Millennials to do? Why drown their sorrow in booze of course. Or rather, beer: that may be all they can afford these days.
Finally, for those who want to put all this together and invest based on the above information, here is a quick snapshot from Goldman of what the bank's preferred Millennial-inspired strategies are:
|
| Posted: 25 Oct 2014 03:30 PM PDT By Everett Millman, head content writer at Gainesville Coins, a leading gold and silver distributor. ABSTRACT: This week was characterized by renewed volatility in the markets. This can partly... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!} |
| Greenspan says he's not aware of gold price suppression through central bank leasing Posted: 25 Oct 2014 12:45 PM PDT 2:54 Saturday, October 25, 2014 Dear Friend of GATA and Gold: The opportunity to question former Federal Reserve Chairman Alan Greenspan about central bank intervention in the gold market was spectacularly fumbled today during Greenspan's appearance at the New Orleans Investment Conference. Interviewing Greenspan, conference moderator Gary Alexander asked if the former Fed chairman was aware of efforts by central banks to suppress the price of gold by leasing the metal to bullion banks, which would sell the metal into the market. "I'm not aware of anything" like that, Greenspan replied, though of course central bank gold leasing to suppress gold's price was famously a subject of Greenspan's testimony to Congress in July 1998, wherein he opposed legislation to regulate derivatives: http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm Greenspan told Congress then: "Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise." Had Greenspan forgotten his testimony? After all, it was 16 years ago. During a break in the interview, your secretary/treasurer urged Alexander to follow up with a question about that testimony -- and he did, but only to misquote it. Alexander asked Greenspan if he remembered testifying to Congress that "the Fed," not central banks generally, stood ready to buy gold, not lease it, to influence the price. Greenspan replied that it was "not conceivable that I would have said that" -- and of course he never did. The interview was doubly disappointing insofar as Alexander and the other conference panelists discussing issues with Greenspan today had been given, several days in advance, the very specific, detailed, and documented questions that have to be put to central bankers if their gold price suppression scheme is to be exposed, the first of those questions being about Greenspan's testimony on gold leasing: So today's interview produced only Greenspan's assertion that he isn't aware of what he testified about to Congress in 1998. That's something, since it's so pathetic. But what an opportunity was lost. 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: Mines and Money London http://www.minesandmoney.com/london/ Vancouver Resource Investment Conference http://cambridgehouse.com/event/33/vancouver-resource-investment-confere... * * * 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: |
| 5 Reasons Why Australia Is Facing Economic CRISIS & COLLAPSE! Posted: 25 Oct 2014 12:34 PM PDT Australia is just another domino which is set to fall in this global game of control. Central banks are engaging in MASS MANIPULATION of the stock market and of their individual currencies. Meanwhile, citizens are finding themselves in MAXIMUM levels of debt which they can't pay back because of 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! ]]  |
| Negative interest rates threaten to destroy not just savers but IMF as well Posted: 25 Oct 2014 07:59 AM PDT So the IMF enacts a new rule to save itself. Everyone else remains out of luck. * * * IMF Introduces Floor on Interest Rates By Robin Harding http://www.ft.com/intl/cms/s/0/9b3ea266-5bcc-11e4-a674-00144feab7de.html WASHINGTON -- The International Monetary Fund has been forced to change the calculation of its most important interest rate after aggressive monetary easing around the world threatened to turn it negative. Late on Friday the IMF said it was introducing a floor of 0.05 per cent for the interest rate on Special Drawing Rights, its own form of international currency. The IMF's move shows how global financial conditions are now easier than they have ever been, more than five years after the end of the Great Recession, leading to the lowest interest rates in its 68-year history. ... Dispatch continues below ... 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: Rate cuts, asset purchases, and forward guidance by central banks around the world continue to disrupt financial markets, forcing participants to adapt in new ways. "In view of the prevailing interest rates today, the SDR interest rate for the next weekly period starting Monday October 27, will be established at the floor of 0.05 per cent," the IMF executive board said. The SDR rate is what the IMF pays to its lending nations for the use of their funds. It then adds a margin to calculate the rate on its loans to Greece and other countries. The change will ensure lenders get a small positive return and fractionally raise costs to borrowers. The rate is calculated as a weighted average of the three-month risk-free rates in euros, yen, dollars, and sterling. After staying positive throughout the financial crisis, that basket has threatened to turn negative in recent weeks, as both the euro and yen rates have fallen below zero. They were affected by the European Central Bank's move towards negative rates and continued easing by the Bank of Japan. The most recent weekly calculation came in at 0.03 per cent. That reflected a euro rate of minus 0.02 per cent, a yen rate of minus 0.01 per cent, a dollar rate of plus 0.01 per cent and a sterling rate of 0.05 per cent. That rate will now be replaced by a 0.05 per cent floor from next week. The possibility of negative rates caused several problems, according to a senior IMF official. There is no legal basis in its articles of association for paying a negative rate; it would have created a perverse situation where creditors were paying to lend money to the fund; and it would have frozen the SDR market as no country would have any reason to participate. It would also have caused a breakdown in the IMF's "burden sharing" mechanism. Under that system, credit losses from countries that do not pay their IMF loans are shared between members, via a small deduction in the interest they receive. Join GATA here: Mines and Money London http://www.minesandmoney.com/london/ Vancouver Resource Investment Conference http://cambridgehouse.com/event/33/vancouver-resource-investment-confere... * * * 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 Price - Respect The Trend But Prepare For A Reversal Posted: 25 Oct 2014 06:52 AM PDT When events "happen," they happen in a directed way by the elite's mainstream media outlets. News is presented in a way that is designed to appeal to mass emotions so as to discount reasoned thinking. You get government pimps, be they congressmen, heads of agencies, even presidents who add their fiat 2 cents in order to give some weight to an otherwise weightless argument. While the "news event" is largely untrue, there is a sufficient amount of plausibility added to disguise the misleading [never verified] facts. In other words, psychological manipulation is the main menu of options for the elites to keep the masses "informed," while still very much uninformed. |
| Respect The Gold And Silver Price Trend But Prepare For A Reversal Posted: 25 Oct 2014 04:04 AM PDT When events "happen," they happen in a directed way by the elite's mainstream media outlets. News is presented in a way that is designed to appeal to mass emotions so as to discount reasoned thinking. You get government pimps, be they congressmen, heads of agencies, even presidents who add their fiat 2 cents in order to give some weight to an otherwise weightless argument. While the "news event" is largely untrue, there is a sufficient amount of plausibility added to disguise the misleading [never verified] facts. In other words, psychological manipulation is the main menu of options for the elites to keep the masses "informed," while still very much uninformed. As to gold and silver, there are two sides to the coin, as it were. One is well-covered, in fact overly covered, while the other receives coverage but with elite-imposed limitations. One of the most basic truths in determining the value of anything is that of supply and demand: the availability of a particular product or service [supply], and the desirability [demand] for the product/service. It is an axiomatic rule that cannot be broken, but it can be distorted, as in the case for gold. The distortion via central bank manipulation has been so pervasive over such a long period of time, well over a half-century, that it has become perverse. Supply for the physical has been replaced by paper. Demand for the physical has been replaced by [fiat and news]paper. Ever since elite-puppet FDR issued his Executive Order that all "persons" turn in their gold [the "news" portion], gold was replaced by the foreign- owned Federal Reserve central bank paper issue [the fiat portion], and demand was made to disappear from the minds of the [dis]informed public and world. Who needs gold when you can have the "almighty dollar?" Gold coin, when in circulation, represented the greatest stability for medium of exchange conditions. As the duped American public turned in their gold coins, back in the 1930s, [decreasing one area of demand], the coins were melted down into larger bar form, never to return into circulation [supply]. The US was a country where a central bank did not previously exist. Once the privately owned Federal Reserve central banking system was "installed" by corrupt means in 1913, in just 30 years it had successfully withdrawn the use of gold as a means of measured wealth and replaced it with the Rothschild House of Paper. America has never been the same, since. Financial stability disappeared, and financial dependence on a de facto federal fiat system began in earnest. Yet, if you were to take a poll in the federalized US today, almost none would make any link between the disappearance of gold and the Federal Reserve central bank. This is how successfully the elites work over a protracted period of time, changing the nature and character of things through words, using apparent authority, as in the entire US government, without ever exposing their "hidden hand" directing everything. About one year after the Rothschild Federal Reserve banking system took over in 1913, there was just over $12 billion on deposit with non-fed member banks. By the end of 1929, these banks held just over $21 billion for a gain of about 75%. By contrast in 1914, Fed- member banks held $6.3 billion in reserves, and at the end of 1929, member reserves were almost $34 billion, an increase of 430%. Shortly after, by strong-arm power, non-member banks ceased to exist, reminiscent of the cuckoo bird. A cuckoo bird will lay its eggs in the nest of another bird, leaving that unsuspecting other mother bird to raise the newly hatched cuckoo. Once hatched, the new cuckoo bird will get rid of any remaining eggs, and also push out any other newly hatched other-species bird. The Rothschild central banking system, with the US Fed being the most powerful, is the cuckoo bird of the financial world. The so-called gold standard did not work primarily because the Rothschild banking system would not allow it to work. In order to maintain a gold standard, there are constraints on the factors by which money supply can be expanded, and that hampered the Rothschild formula for creating ever-increasing amounts of paper-issue fiat, with interest to be earned on its issue. With the gold standard, people bought and paid for that which they owned, owing no one. With the Federal Reserve eliminating the gold standard, substantially higher multiples of paper money could be issued in the form of credit expansion. "Buy now, pay later," Fast forward to today, almost everyone in the US is living on credit, well beyond their means, debt-serfs, if you will, to the Rothschild elite's debt system. Very few Americans buy and pay for what they own unless it is on credit, to be repaid based on future earnings. This kind of economy did not exist in the US, over 100 years ago, prior to the insidious establishment of the Federal Reserve central banking system. So successful has been the Rothschild banking system that gold has been all but erased from the American psyche. "A barbaric relic. You cannot eat gold. It earns no interest." Can you eat Federal Reserve Notes? Do Federal Reserve Notes earn interest, anymore? Everyone is aware [or should be] of the unprecedented demand for gold and silver from China and Russia to ordinary people who are buying as much gold and silver as possible. Stories about demand have been headliners for the past few years, with a large degree of accuracy. Not so much when it comes to supply, however. The real supply side of the Supply/Demand equation has been shrouded in secrecy, lest the Western central banking Ponzi scheme come unraveled, which it is now doing. What you need to understand, as a precious metals buyer and holder, and that gold and silver confiscation have always been the highest priority for the elites, accomplished via their central banking system, for the most part, until the last decade or so when outright theft has been employed via CIA-led or sanctioned operations, like Libya, Ukraine. This massive distortion of propaganda, mostly against gold, suppressing it as the time- tested store of wealth, along with silver, has served its purpose, and Newton's Third Law of a reaction that is proportional to the action is getting ready to come into play. It is why our focus over the last several months has turned totally away from all considerations of the overblown and errant attention on the demand factors, and emphasis placed on what the Rothschild elites have been doing to the world economy: plundering its wealth and leaving worthless fiat and economic destruction behind. Everyone not a part of the upper echelon elites has been financially duped by that parasitic group, robbed of wealth, freedom, property, dignity. While many knew that some kind of correction would follow the highs from 2011, no one, except maybe Jim Rogers, expected the depth of the correction down to current levels, an indication of just how much overly power this handful of people have. The Western banking system, and particularly the Federal Reserve, have finally become a ticking bomb. At this point, you are either cognizant of the suppressed reality of events that have admittedly succeeded since the 1930s, or you should not be reading articles like this one. It is with incredible irony that the ultimate defeat of the West will be at the hands of the once, and still vilified "evil" nations of China and Russia. While they are building economic bridges around the world, fostering growth, the US/UK led West has only debt, financial destruction, and war, including human destruction as playing cards about to be trumped. Sadly, it may still get uglier as the West becomes more dangerously reactive, clearly demonstrating the elites know no other way. Nothing, absolutely nothing will impel the price of gold and silver higher until the elites have lost total control over their deeply entrenched system. This means the loss in power of the no longer almighty Federal Reserve Note, better known as the "dollar. The never- ending War Against [insert any reason here] by the tenant of the White House, doing the bidding of his landlord, the New World Order banking elites, is ratcheting up as a sign of desperation that the end is near. When it happens, it will likely be at a fast pace, perhaps faster than most are prepared, except for those already long the physical. Like many, we bought physical on the way up, held it, and added on the way down, some of which are almost half the value, in silver. At no time has there been any rear-view mirror regret. This is but a temporary phase of a seeming decline in value for taking a stance against an out-of-control Western banking system now closer to collapse than ever before. Will it be by the end of the year, sometime next year, or sometime thereafter? We do not know or care, not to be cavalier, but instead from a position of comfortable preparation. If an unexpected jump in prices overnight occurs, as could happen, being a year early and not a day too late will have paid off. We do not look at fundamentals, at all, but do have a general awareness that the "story" for silver can be more explosive to the upside than for gold. There is some credibility to that as found in the gold/silver ratio. If one knew little to nothing about silver, but was aware of this ratio, at 71+:1, gold over silver, odds favor an eventual reversal to a lower number, be it 40:1 or 25:1, or anywhere in between. This means silver would outperform gold. The point to make is how an awareness of what the market is "saying" in the charts is best and most current source available. There has not been any large move lower since important support was broken 6 weeks ago. This could be a sign that the end of the decline is nearing, and even if that were true, there is still no indication that a bottom is in place.
One need not "guess" what to do when viewing a chart. The market provides ample information to suit any trader/investor style. For right now, the trend remains down, and that tells us the odds of making money from the long side in futures is slim. One need not be an astute chart reader to look back at the weekly and surmise an estimate as to how many longs are profitable over the last few years. [Long physical is viewed differently, at least from our perspective.] The daily says the same thing. The mostly sideways activity for October is not a ringing endorsement for demand showing any degree of control. Price has not regained broken support, and it is far from retracing to the half-way area, 19 area, of the last swing high. There should not be any expectations for much upside, at this juncture.
There may be some increased attention being given to a triple-bottom-for-gold scenario, but any evidence for that conclusion is so far from consideration that it does not deserve much attention. The rally off the last low has been weak. That may change starting next week, or some weeks later, but one can only deal with what is known for right now. It is equally possible, maybe even more probable that price could be lower. Either way, it does not matter because the risk/reward factor is not supportive for either side.
Given the position for gold, near its lows, the likelihood of support holding above a 50% retracement, the 1219-1220 area, is not in keeping with the character of a down trending market. For sure, buying rallies, expecting yet a higher rally has not worked in gold, to which we can attest from a few trades some time back. Time is on the side of longs who are best served being on the sidelines, for now.
|
| Gold Price Rebounds but Gold Miners Struggle Posted: 25 Oct 2014 03:26 AM PDT Several weeks ago the entire precious metals space was extremely oversold and due for at the least, a reflex rally. Gold was down in nine of twelve weeks with Silver down in eleven of those twelve weeks. The miners experienced a nasty September and were down five consecutive weeks. With Gold rallying from $1185 to $1255, we would expect Silver and the mining stocks to rebound strongly in percentage terms. However, those markets have lagged Gold badly. The mining stocks are essentially back to their lows and Silver hasn’t fared much better. The recent stark underperformance of Silver and the mining stocks especially is a warning sign of further downside. |
| The Trend Every Nation on Earth Is Pouring Money Into Posted: 25 Oct 2014 03:15 AM PDT Keith Fitz-Gerald writes: When we began our time together here at Total Wealth, I promised you a deep look at each of the primary trillion-dollar trends. I told you that every dime made in the markets for the next 10 years would be on this list of trends. We jumped right in with Technology and our Human Augmentation target – the most inspirational tech company I’ve ever visited. Today, I want to keep that promise and focus in on our second unstoppable global trend. |
| The BIS Paves the Way for Silver and Gold Posted: 25 Oct 2014 03:00 AM PDT Jeffrey Lewis |
| Shanghai Posts 51.5 Tonnes of Gold For the Week: How Long Can the Gold Pool Be Sustained Posted: 24 Oct 2014 05:54 PM PDT |
| Posted: 24 Oct 2014 09:06 AM PDT Battered silver remains deeply out of favor, recently plumbing miserable new lows after drifting sideways for most of 2014. This metal’s relentless and oppressive weakness continues to break the wills of long-suffering contrarians. But professional investors are taking advantage of the epically-bearish psychology plaguing silver. They’ve been steadily accumulating positions all year long in massive stealth buying. Silver certainly wasn’t always a loathed market pariah. Back in early 2011, silver blasted up above $48 on widespread enthusiasm from investors and speculators. It was one of the 2000s’ greatest bull markets, up an astounding 1105% during a 9.4-year span where the benchmark S&P 500 limped to a 20% gain. The brave contrarians fighting the herd to buy silver low in the early 2000s greatly multiplied their wealth. |
| Blood in the Streets to Create the Gold Stocks Investor Opportunity of the Decade Posted: 24 Oct 2014 09:02 AM PDT By Laurynas Vegys, Research Analyst Gold stocks staged spring and summer rallies this year, but haven̢۪t able to sustain the momentum. Many have sold off sharply in recent weeks, along with gold. That makes this a good time to examine the book value of gold equities; are they objectively cheap now, or not? |
| Gold and Silver Subdued as Panic Over Posted: 24 Oct 2014 08:47 AM PDT For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold. Broadly these precious metals reflected first weakness then strength in the US dollar. And equities reversed the nervousness of the previous week after a FOMC member suggested QE would be extended, with the S&P 500 closing up 7% on Thursday from its October 15 low. |
| Swiss ‘Yes’ and ‘No’ Gold Initiative Campaigns Compete at Launches in Bern Posted: 24 Oct 2014 08:41 AM PDT by Ronan Manly, GoldCore Consultant Contents - Introduction - ‘Yes’ Campaign Launch - Paper Decays, Gold Holds Its Value - ‘No’ Campaign Launch - Alphabet Soup - Unsaleable Gold Like an Unusable Fire Extinguisher? - Swiss Electorate 5.2 Million - Double Majority Including Cantons - Referendas by the Dozen - Sometimes There are Shock Results |
It was a nothing day in gold yesterday—and the tiny gains from Far East and London trading began to disappear at 10:30 a.m. EDT—and the New York low was in at 11:00 a.m. EDT, the close of trading in London. After that, the gold price traded sideways for the remainder of the Friday session.
| You are subscribed to email updates from Save Your ASSets First To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment