saveyourassetsfirst3

Gold the Commodity or Gold the Currency?
CHARTS : Gold Eyes 1240 as Fed Takes a Dovish Shift
Bull Riders – The Doc, Turd Ferguson, Claudio Grass, & Andy Hoffman Break Down the PM Markets
PM Fund Manager Explains How Bullion Banks Can Continue PM Manipulation
Indirect Exchange : the Gold Standard
Banker Manipulation of Gold and Silver: Proof In The Demand Data
Will gold and silver prices continue to go up as stocks go down?
Gold Investors Weekly Review – October 10th

Gold the Commodity or Gold the Currency?

Posted: 12 Oct 2014 12:20 PM PDT

dailyfx

CHARTS : Gold Eyes 1240 as Fed Takes a Dovish Shift

Posted: 12 Oct 2014 12:10 PM PDT

dailyfx

Bull Riders – The Doc, Turd Ferguson, Claudio Grass, & Andy Hoffman Break Down the PM Markets

Posted: 12 Oct 2014 08:00 AM PDT

Internet Rodeo: Bull riders Turd Ferguson, The Doc, Claudio Grass, & Andy Hoffman stopped by for a round table interview, discussing the Switzerland Gold Initiative, direct democracy, & what's happening right now in both the equities and precious metals markets. Sit back, relax and enjoy the conversation.

The post Bull Riders – The Doc, Turd Ferguson, Claudio Grass, & Andy Hoffman Break Down the PM Markets appeared first on Silver Doctors.

PM Fund Manager Explains How Bullion Banks Can Continue PM Manipulation

Posted: 12 Oct 2014 05:18 AM PDT

PM Fund Manager Dave Kranzler joins us this week for a power packed show discussing: Triple Bottom or Dead Cat Bounce? The outlook for gold & silver over the next 6 months Physical silver update- demand explodes as more physical sold in the first week of October than all of July & August! Giant House […]

The post PM Fund Manager Explains How Bullion Banks Can Continue PM Manipulation appeared first on Silver Doctors.

Indirect Exchange : the Gold Standard

Posted: 11 Oct 2014 11:30 PM PDT

Mises.org

Banker Manipulation of Gold and Silver: Proof In The Demand Data

Posted: 11 Oct 2014 11:18 PM PDT

Economics 101 Pop Quiz: What is the impact on prices if you have increasing demand, stagnant supply and a sharp increase in the amount of the currency the item is priced in? Steve St. Angelo (SRSrocco) take a look… The Banker Cartel has a method to their madness in manipulating the precious metals and commodity markets. Let's […]

Will gold and silver prices continue to go up as stocks go down?

Posted: 11 Oct 2014 08:55 PM PDT

Last week gold and silver prices advanced by three per cent while the S&P 500 lost that much in its worst week of the year. Is this a new trend?

Gold has almost certainly traced out a bullish triple bottom in its price chart, although the position looks less clear on the silver chart. Many areas of the US stock market are already past 10 per cent corrections while the major indexes are the last dominos to fall and on their way down now.

Safe haven status

Is this a straightforward rotation into safe havens? T-bonds are also up. Riskier assets like junk bonds are out of favor like small cap stocks. True but this is not going to be a repeat of the 2008-9 wipe-out for precious metals for three reasons.

First, gold and silver have just completed a three-year-plus correction. They are not at the top of their cycle waiting for a correction like equities today as they were in late 2008.

Secondly, this time is also different in that investors are now worried about paper money as a future store of value. What if the central banks respond to a stock market crash by cranking up the money printing again? That’s what happened last time. This will create inflation which is bad for paper money and good for gold and silver.

Thirdly, there is a linked concern to the underlying stability of bond prices. If investors panick and sell these low yielding assets for fear of inflation then what would be left with fundamental value? Only precious metals and that would be self-fulfilling as investors sold the huge bond market and bought the tiny precious metal markets: prices would go through the roof.

Of course, anything can happen in the short-term. Mini-rallies on calming words from the Fed as happened for one day last week. Big scale manipulation of bullion by the central banks as in September But the bigger picture will always triumph against such background noise.

Bigger picture

There’s still a lot of skepticism out there about the future of precious metals. The broad mass of investors is still transfixed by recent equity market strength and can’t see the start of the inevitable and obvious correction. Bond markets still have appeal as a safe haven.

But where do investors go next for safety when central banks respond to an equity crash by printing yet more money? Gold and especially silver will be the ultimate safe haven in the coming global financial storm.

And the rush to buy precious metals will come as something of a storm itself, a quick spike to prices that could stay at these levels indefinitely. You won’t get another chance to jump on this boat, apart from minor fluctuations. It’s a resetting of general price levels not a bit of speculation.

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 Strengths

Gold 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 Weaknesses

Deutsche 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 Opportunities

Switzerland 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 Threats

The 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.

Save Your ASSets First

Sunday, October 12, 2014