Gold World News Flash |
- The War In Gold Summed Up In One Incredible Chart
- John Stossel -- The Gun Violence Myth
- $15 Silver? You Can’t Have Any!
- Russell - Critical Moment For Gold, Stocks, Dollar & The World
- Still Happening: Canada Just Became North America’s First Offshore Renminbi Hub
- If history repeats itself, Turk says, gold downdraft will end soon
- Bread, Circuses, & Bombs - Decline Of The American Empire, Part 2
- Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada
- Deflation vs Inflation
- Is the US Dollar About to Trigger a 2008 Collapse?
- Coast To Coast AM - November 9, 2014 The Nazi Diaspora
- New Russian Military Doctrine Identifies NATO/US As "Threats"; Gorbachev Warns Of "New Cold War"
- The Gold Price Lost $10 Closing at $1,159.60
- Sprott's Embry criticizes Randgold's Bristow for claiming that gold is oversupplied
- Silver to S&P 500 Ratio Suggests A Silver Price Rebound
- Gold-prices.biz Stock Trader Update 11 November 2014
- Congress Set to… (Drumroll)… Increase Military Spending!
- Gold Daily and Silver Weekly Charts - Audacious Oligarchy
- The War In Gold Summed Up In One Incredible Chart
- Trading Extremes in Gold Ratios
- Happy Birthday Marines!
- Who is Ken O'Keefe ?
- GoldCore: UBS shows gold-rigging conspiracies aren't mere theory
- Judge upholds Liberty Dollar founder's conviction and schedules sentencing
- Russian central bank buys up domestic gold output as sanctions bite
- Steve Pieczenik: Exposes Bin Laden Death Book Hoax.
- The Next Crash in 2016
- ALERT -- Obama on Net Neutrality: Regulate the Internet Like Telecoms
- How China Is Taking Over America | Jim WIllie
- Why not defend the ruble by buying gold instead?
- John Embry On The Ongoing War In The Gold & Silver Markets
- Why Gold, Hard Money Types Are Wrong
- Koos Jansen: Chinese gold demand strong, mainstream media twisting
- Tony Blair Caught Selling Oil for Saudi Arabia
- The Biggest Threat to U.S. Jobs: â€Ε“The Contestability Nightmareâ€
- Fractional Reserve Lending ~Rise of the NWO , Culling of Man
- Gold Price Rigging Settlement With UBS - Other Banks To Follow
- Yellen Hands Off Money Printing Press to Japan
- Swiss franc cap tested as gold bugs push referendum
- The End of the US Dollar Imperium | Patrick Barron
- Let the Safe Hit the Sidewalk
- Events Impacting The Gold And Silver Price In The Week Of November 10th
- Frank Holmes Talks No-Drama Investment Strategy
- Swiss May Not Be Able to “Save Our Gold”
| The War In Gold Summed Up In One Incredible Chart Posted: 11 Nov 2014 12:00 AM PST from KingWorldNews:
I can't say it was a record buying pace because no one was keeping a sales tally. So my observations scientific. But the difference compared to the mining companies was stark. There was not much attention being given to the mining companies, either at their booths or the presentations I viewed, which clearly reflects current market sentiment. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| John Stossel -- The Gun Violence Myth Posted: 10 Nov 2014 10:34 PM PST Robert A. Heinlein is not the only who understands "an armed society is a polite society." The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| $15 Silver? You Can’t Have Any! Posted: 10 Nov 2014 09:40 PM PST by Bill Holter, Miles Franklin:
There were stories out of Germany regarding the public's consumption of silver this past week which were astounding. There were reports of coin dealers selling out of all silver inventory and even one dealer claiming they did more business Thursday and Friday (a week ago) than they had for average months so far this year. For quite some time now, there have been rumors that the big demand for Silver Eagles has come from Europe. This cannot be confirmed because the U.S. Mint does not disclose its customers but the frenzy in Germany this week does add some credence to the rumors. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Russell - Critical Moment For Gold, Stocks, Dollar & The World Posted: 10 Nov 2014 09:03 PM PST  With historic patterns unfolding in global markets, the Godfather of newsletter writers, 90-year old Richard Russell, writes about the big picture for gold, stocks, the U.S. dollar, and an eventual collapse. The 60-year market veteran also included two fantastic charts to go along with his outstanding commentary.This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Still Happening: Canada Just Became North America’s First Offshore Renminbi Hub Posted: 10 Nov 2014 09:00 PM PST from Sovereign Man:
It's happening. With increasing speed and frequency. The People's Bank of China and the Canadian Prime Minister's office issued a statement on Saturday stating that Canada will establish North America's first offshore renminbi trading center in Toronto. China and Canada agreed on a number of measures to increase the use of renminbi in trade, business, and investment. And they further signed a 200-billion renminbi bilateral currency swap agreement. Moreover, just today, hot off the presses, the central banks of China and Malaysia announced the establishment of renminbi clearing arrangements in Kuala Lumpur, which will further increase the use of renminbi in South-East Asia. This comes just two weeks after Asia's leading financial center, Singapore, became a major renminbi hub, with direct convertibility established between the Singapore dollar and the renminbi. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| If history repeats itself, Turk says, gold downdraft will end soon Posted: 10 Nov 2014 07:37 PM PST 10:35p ET Monday, November 10, 2014 Dear Friend of GATA and Gold: Gold and silver demand demonstrated at the monetary metals conference in Munich last week was as strong as he has ever seen it, GoldMoney founder and GATA consultant James Turk tells King World News today, even as interest in mining companies couldn't be lower. But Turk presents a chart suggesting that the downdraft in the gold price could be ending soon as history repeats itself. His interview is excerpted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/10_T... 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: 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bread, Circuses, & Bombs - Decline Of The American Empire, Part 2 Posted: 10 Nov 2014 07:20 PM PST Submitted by Jim Quinn Via The Burning Platform blog, In Part One of this article I discussed the similarities between the Roman Empire and the American Empire at a high level. In this article I’ll delve into some specific similarities and rhymes between the fall of the Roman Empire and our modern day empire of debt, decay and decline. I’ll address our expansive level of bread and circuses and how defects in our human nature lead to people willingly sacrificing their liberty for promises of safety and security. All empires decline due to the same human failings and ours is no exception. If anything, ours will be far more spectacular and rapid due to our extreme level of hubris, arrogance, willful ignorance and warlike preference for dealing with foreign powers. It seems there were a few visionary thinkers in the late 1950s who foresaw the dire course our former Republic was setting. Their writings were a prophecy and a warning. There was still time to change course and avoid the pitfalls that led to the Roman Empire collapse. In Brave New World Revisited, Aldous Huxley warned against allowing a few amoral men using propaganda, scientific advancements, technology, brainwashing, and economics to control and manipulate a willfully ignorant populace into a dystopian dictatorship. The Soviet and Chinese dictatorships of the late 1950s are long gone, but Huxley foresaw how modern propaganda techniques would be used by the state to drown the masses in a sea of triviality, irrelevance, and consumerism. “In their propaganda today’s dictators rely for the most part on repetition, suppression and rationalization — the repetition of catchwords which they wish to be accepted as true, the suppression of facts which they wish to be ignored, the arousal and rationalization of passions which may be used in the interests of the Party or the State. As the art and science of manipulation come to be better understood, the dictators of the future will doubtless learn to combine these techniques with the non-stop distractions which, in the West, are now threatening to drown in a sea of irrelevance the rational propaganda essential to the maintenance of individual liberty and the survival of democratic institutions.” Another man of vision was President Dwight D. Eisenhower. As someone who understood the military industrial complex and the world of politics and power, he knew the danger of allowing the arms industry to dictate the foreign policy of the country. Maintaining a military empire bankrupted Rome and it is bankrupting the American empire. Eisenhower’s warning was unheeded. “We have been compelled to create a permanent armaments industry of vast proportions. Added to this, three and a half million men and women are directly engaged in the defense establishment. We annually spend on military security more than the net income of all United States corporations. This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society. In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. The prospect of domination of the nation’s scholars by Federal employment, project allocations, and the power of money is ever present and is gravely to be regarded.” When I was researching the similarities between the fall of the Roman Empire and our American Empire fall in progress, I stumbled across an essay written in 1956 by Ben Moreell called Of Bread and Circuses. Toxic Bread, iGadgets, Circuses, & Zoloft“The evil was not in bread and circuses, per se, but in the willingness of the people to sell their rights as free men for full bellies and the excitement of the games which would serve to distract them from the other human hungers which bread and circuses can never appease. The moral decay of the people was not caused by the doles and the games. These merely provided a measure of their degradation. Things that were originally good had become perverted and, as Shakespeare reminds us, ‘Lilies that fester smell far worse than weeds.'” – Ben Moreell – 1956 – Of Bread and Circuses
There is nothing inherently evil about food, iPhones, professional sports, television, computers, music or medicine. Human beings need food to sustain them, entertainment to provide relaxation and diversion from their daily labors, and medicine to alleviate illness and prolong their lives. Only when the people allow themselves to be lured into servitude by malevolent purveyors of bread and circuses does the perversion of seemingly harmless things begin to fester and overwhelm a nation with the fetid stench of decay and decadence. The moral degeneration of the American populace, like the Roman people before them, happened slowly over time as they sold their liberty, freedom, and self-respect for full bellies, an endless array of modern day distractions, and promises from their highly educated rulers they would be taken care of and protected from all threats to their well-being, whether foreign, domestic, physical, mental, or social. It did not happen all at once. It happened gradually over time. We allowed the weaker facets of our human nature to succumb to the pleasurable promises of a minority of power seeking manipulative men who always attempt to control and influence the majority because they believe they are wiser and deserving of riches, glory and supremacy. The greediest, most arrogant, ambitious and well educated amongst us tend to rise to the top in all societies. As Ben Franklin stated, only a virtuous people can keep sociopaths from gaining control of our political, economic and financial systems and perverting a republic built upon a foundation of free markets, liberty, and self-sufficiency. “Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters.”- Benjamin Franklin Historian Tacitus noted, as Rome became more and more corrupt, the number of laws grew rapidly. The Roman aristocracy, through corruption and thievery achieved lofty status in Roman society. Senators and wealthy knights engaged in extensive practices of conspicuous consumption, creating palatial town houses and monumental “art villas” to demonstrate their high rank in society. The peasants sank into poverty, while being satiated with bread and circuses. And it was all done legally, just as it is being done legally today by our beloved aristocracy and their minions. “The more corrupt the state, the more numerous the laws.” – Tacitus – The Annals of Imperial Rome Has the proliferation of laws, rules, and regulations over the last century made us freer, safer and less corrupt?
The virtue of the American people has dissipated rapidly over the last century through their willful ignorance, laziness, apathy, vanity, greed and covetousness, while the true ruling power has consciously and intelligently manipulated the masses without them being aware they were being molded, controlled, dominated and influenced by Ivy League educated men of no conscious, empathy, or sense of decency. The paragraph below, written in 1928 by Edward Bernays, reveals the true nature of our “democracy” and our real masters: “The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. …In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.” – Edward Bernays – Propaganda Bernays and his disciples believed the American citizenry nothing more than a herd of irrational animals that needed to be led by enlightened despots like him and other highly educated wealthy men who knew what was best in a democratic society. The term propaganda developed negative connotations after some Germans used it so effectively during the 1930s, so modern American despots changed the term to public relations. It’s all about the message. As media tools have become more technologically advanced and the study of human psychology perfected, the members of the invisible government have achieved their goal of governing, molding, and pulling the wires that control the public mind in a way that enriches them and their benefactors while satisfying the base needs of the masses and keeping them distracted with trivialities, technological wonders, and a myriad of bogeyman threats. These men have contempt for the common man. They have contempt for the U.S. Constitution. They have contempt for free markets. And they have control of our country. Needs, Wants & DesiresThe concept of bread and circuses ties closely to Maslow’s Hierarchy of Needs theory. The ruling class realizes the masses must be kept fed, clothed and housed or revolution would ensue. The human needs documented by Maslow were satisfied or not satisfied by humans prior to the 20th century. Once the ruling class gained control of the monetary system through their jurisdiction over the Federal Reserve and the fiscal system through their manipulation of taxes and spending, they were able to bribe the masses with their own money. The rise of the welfare state has not reduced poverty or boosted the standard of living of the poor. It has enslaved tens of millions at the basic human needs level. Once those in power had successfully bribed the masses with bread (SNAP), shelter (subsidized housing), subsistence (unemployment compensation & welfare), security (Social Security) and safety (Medicare, Medicaid), it was only necessary to keep them distracted with circuses to efficiently teach them to love their servitude. “A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have to be coerced, because they love their servitude.” – Aldous Huxley – Brave New World
The invisible governing authorities don’t want the masses to actually satisfy their psychological and self-fulfillment needs. The last thing they want is an educated, aware, critical thinking, independent, courageous, self-reliant, civic minded populace questioning the motivations of their keepers. This is where the corporate fascists who control the mass media propaganda machine and the sickcare industrial complex have combined forces to create a painless concentration camp of prisoners enjoying their servitude and happy to sacrifice their liberty for perceived safety. An uneducated, obese, sickly, depressed, overly-medicated populace is not a threat to the ruling class. They have been conditioned and pharmacologically sedated to such an extent the governing class feels indestructible, displaying arrogance and hubris in dangerous doses. “There will be in the next generation or so a pharmacological method of making people love their servitude and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies so that people will in fact have their liberties taken away from them but will rather enjoy it.” – Aldous Huxley The concept of voluntary servitude has been a constant theme across the ages as most people want to be led, told what to do, and will not question or contest those in authority. Liberty and freedom require effort, sacrifice, honor and a people with a strong moral character. The Roman people succumbed to tyranny by abandoning their liberty to despots for a full belly and grand spectacles. The American people have succumbed to modern day banker, billionaire and politician oligarchs for a belly full of toxic corporate processed food, cable HDTV with 600 stations, iGadgets, a never ending supply of cheap Chinese produced crap at big box retail stores, Facebook, Twitter, 24 hour drive thru Dunkin Donuts joints, and an endless array of professional sporting events, all paid for with an infinite supply of cheap consumer debt from the Wall Street fraud machine. We live in a warfare/welfare surveillance state built on a foundation of debt, consumerism, and delusion, with no tears. We’ve learned to love our servitude. French philosopher Etienne de La Boetie captured the degradation of the once noble Roman people five centuries ago, and his words ring true today as the American people have foolishly relinquished their liberty to a corporate aristocracy that has bankrupted the nation, debased the currency, pillaged the middle class and set in motion an irreversible decline of the empire. “Plays, farces, spectacles, gladiators, strange beasts, medals, pictures, and other such opiates, these were for ancient peoples the bait toward slavery, the price of their liberty, the instruments of tyranny. By these practices and enticements the ancient dictators so successfully lulled their subjects under the yoke, that the stupefied peoples, fascinated by the pastimes and vain pleasures flashed before their eyes, learned subservience as naively, but not so creditably, as little children learn to read by looking at bright picture books. Roman tyrants invented a further refinement. They often provided the city wards with feasts to cajole the rabble, always more readily tempted by the pleasure of eating than by anything else. The most intelligent and understanding amongst them would not have quit his soup bowl to recover the liberty of the Republic of Plato. Tyrants would distribute largess, a bushel of wheat, a gallon of wine, and a sesterce: and then everybody would shamelessly cry, ‘Long live the King!’ The fools did not realize that they were merely recovering a portion of their own property, and that their ruler could not have given them what they were receiving without having first taken it from them.” – Etienne de La BoΓ©tie – Discourse on Voluntary Servitude – 1548 We are fools to not realize the governing authorities who benevolently distribute bread and entitlements to the masses have already taken the money at gunpoint from the people, while syphoning off their cut, favoring their courtesans and taking away our liberties and freedoms. H.L. Mencken, who could match de La Boetie in contempt for the ignorant masses and corrupt politicians, understood our democracy was destined for the trash heap of history. “Democracy is a pathetic belief in the collective wisdom of individual ignorance. No one in this world, so far as I know—and I have researched the records for years, and employed agents to help me—has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.” – H.L. Mencken – Notes on Democracy In Part Three of this article I will address how the creation of the Federal Reserve has led to a century of currency debasement, mindless consumption and endless warfare, while impoverishing the masses and setting in motion the dynamics of empire collapse.
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| Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada Posted: 10 Nov 2014 06:39 PM PST The march of global de-dollarization continues. In the last few days, China has signed direct currency agreements with Canada becoming North America's first offshore RMB hub, which CBC reports analysts suggest "could double maybe even triple the level of Canadian trade between Canada and China," impacting the need for Dollars.But that is not the week's biggest Petrodollar precariousness news, as The Examiner reports, a new chink in the petrodollar system was forged as China signed an agreement with Qatar to begin direct currency swaps between the two nations using the Yuan, and establishing the foundation for new direct trade with the OPEC nation in the very heart of the petrodollar system. As Simon Black warns, "It’s happening... with increasing speed and frequency."
Sovereign Man's Simon Black has some ominous thoughts on Canada's move...
And as Black notes, everyone is in on the trend. All across the world, the renminbi is quickly becoming THE currency for trade, investment, and even savings.
* * * And now, no lesser oil-producing state than controversial Qatar has signed an agreement too.. seemingly opening up the door to Petrodollar panic... (as The Examiner reports)
* * * The demise of Petrdollar flows...
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| Posted: 10 Nov 2014 05:21 PM PST Submitted by Shane Obata of Triggers Deflation vs. Inflation Some people are expecting deflation… …Others are expecting inflation. So who's right? Not Steve Liesman All of them. Deflation Investopedia defines deflation as "a general decline in prices, often caused by a reduction in the supply of money or credit." While that's not occurring everywhere, it is taking place in parts of the world. Credit growth in Europe The global economy is dependent on credit; if it doesn't grow then neither will economic output. Chart 1 shows that, in Europe, loans to private sector have been trending down since mid-late 2011 and are now negative.
What this means is that exceptionally low interest rates are not having their intended effect – i.e. to increase lending. Commodity prices What's more is that commodity prices are falling because global growth is decelerating. Chart 2 displays that there's a tight correlation between the emerging markets MSCI stock price index and the CRB raw industrials spot price index.
If the US dollar continues to rally then commodity prices and the emerging markets will suffer. China's housing market China's property market was on fire from mid-late 2009 until recently. Chart 3 indicates that the national average house price is starting to fall.
If prices continue to decline then China's economy could be in for a hard landing. Global growth World growth forecasts (lol) have been falling since Ben Bernanke first mentioned the taper. Chart 4 demonstrates that developing EMEA and Latin America have seen the biggest negative revisions; presumably because they're more vulnerable to a stronger US dollar.
The preceding evidence proves that deflationary pressures are weighing on the world. That said, inflation is also a concern. Inflation Inflation is defined as "the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling" Despite the media's proclamations that "there's no inflation", it's hard to deny that the average consumer is struggling. (h/t @rudyhavenstein) The CPI Artificially low interest rates and central bank balance sheet expansion were supposed to lead to Zimbabwe 2.0 inflation. According to the Consumer Price Index, whose growth has been mostly steady since 2010, that hasn't transpired. But is the CPI really a good measure of the cost of living? Purchasing power Firstly, it's important to note that inflation is cumulative. Chart 5 reveals that, since Sep 1 '84, the US dollar has lost ~55% of its purchasing power.
The dollar isn't holding its value and that's not good for the US consumer. The costs of living Secondly, many costs are rising faster than the CPI is. Chart 6 exhibits that, from Jan 1 '94 to the present, the prices of Tuition, other school fees, and childcare, energy, medical care, and homes have grown considerably more than it has.
Clearly, the consumer price index is not the best measure of the cost of living. Asset prices Thirdly, there's been a lot of asset price inflation. Chart 7 proves that, from Mar 9 '09 to Oct 23 '14, the S&P 500 and BOAML's high yield index appreciated by 188.4% and 151.6%, respectively.
Why is that a bad thing? Because not everyone owns financial assets. That's all folks! In conclusion, the world is facing both deflationary and inflationary forces. On one hand, global growth is slowing down. And on the other, the cost of living is rising. That's a bad combination, but we'll make it. While you're waiting for QE4 to see how it all goes down, remember to hold on to your assets… …if you have any.
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| Is the US Dollar About to Trigger a 2008 Collapse? Posted: 10 Nov 2014 04:39 PM PST The financial world focuses far too much on stocks. The stock market, despite being at record highs (meaning record market capitalizations) remains one of the smallest, and least sophisticated markets on the planet.
Consider that stocks, even at current lofty levels, have a global market capitalization of slightly over $60 trillion.
In contrast, the global bond market is well over $100 trillion.
And the global currency market trades OVER $5.3 trillion per day.
It is currencies, not stocks, where the most significant moves occur. The currency markets are the largest, most liquid markets in the world. They are always first to move when things change. Stocks are the DUMB money compared to currencies.
With that in mind. I want to draw your attention to something that is happening in the US Dollar.
We’ve been following the greenback closely since it began a sharp rally last summer. But now things have really begun to heat up.
See the chart on the next page.
As you can see, the US Dollar has broken out of a massive wedge pattern that has been forming over the last eight years.
Why does this matter?
Because, globally, the world is awash in borrowed money… most of it in US Dollars.
When the Fed cut interest rates to zero in 2008 and flooded the financial system with liquidity, it funded an unprecedented amount of debt borrowed in US Dollars.
Everyone around the world, from traders to hedge funds to financial institutions and even global banks could borrow US Dollars at 0.25%... and invest in emerging markets, emerging market currencies with higher yields, infrastructure projects, corporate takeovers, etc.
In simple terms, the US Dollar became one of, if not the largest carry trade in the world. Globally the US Dollar carry trade is believed to be north of $3 trillion (the emerging market component alone is $2.7 trillion).
Now, a carry trade only works when the currency you are borrowing in remains weak. As soon as it begins to strengthen, your profits not only evaporate but you can end up deep in the red (remember you’ve borrowed $100 for every $1 you have in capital).
And the US Dollar rally has become a BIG problem for a financial system awash in borrowed Dollars. If the $3 trillion carry trade begins to unwind we could very well see a spike similar to that which occurred leading up to 2008:
Here’s the recent action:
Is the US Dollar about to send us into another 2008 collapse?
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| Coast To Coast AM - November 9, 2014 The Nazi Diaspora Posted: 10 Nov 2014 04:25 PM PST Coast To Coast AM - November 9, 2014 The Nazi Diaspora The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| New Russian Military Doctrine Identifies NATO/US As "Threats"; Gorbachev Warns Of "New Cold War" Posted: 10 Nov 2014 03:51 PM PST Following a spike in NATO-Russia "close calls," and previous rumors, The FT reports that NATO and The U.S. are to be openly identified as threats/adversaries in a new Russian military doctrine to be published next month. Furthermore, The FT reports that the Russian government believes it must tie its security interests to China since the Euro-Atlantic framework is too broken. It appears Gorbachev was right in his recent warnings that "the world is on the brink of a new Cold War. Some say it has already begun."
As The NY Times reports, the number of close calls between NATO and Russia is spiking...
And as Sofia News Agency reports, Former Soviet leader Mikhail Gorbachev has warned that tensions between Russia and the West over the Ukraine crisis have put the world "on the brink of a new Cold War."
And now The FT reports possibly the largest and most worrisome escalation yet... (via Bloomberg)
* * * And one would imagine this gives Putin more latitude in his positioning - if he needed it - internally. Do not forget that Russian generals have also pushed for adding pre-emptive nuclear strikes into the new military doctrine... having also previously predicted the US/NATO as enemies reported above.
h/t @PhenomTriune | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Gold Price Lost $10 Closing at $1,159.60 Posted: 10 Nov 2014 03:43 PM PST
After Friday's great performance, the GOLD PRICE failed to add the other half of a key reversal by closing higher today. Ditto silver. The SILVER PRICE backed off 4.2 cents (0.27%) at $15.657. The GOLD PRICE lost $10 (0.85%) $1,159.60. Today's result is not astounding, and while it's not a completed key reversal, it also was not a loss of all Friday's gains. It's just equivocal. Remember that $1,180 which for so long backstopped gold will now prove heavy resistance. When you don't exactly know what is happening, sometimes the best course is just to watch and wait until you do know. Stocks managed to rise to new highs for the Dow and S&P500 today. Dow rose 39.81 (0.23%) to 17,615.38. S&P500 lifted 6.34 (0.31%) to 2,038.26. These prices are right on that overhead boundary I have been mentioning. Punching through would send both indices running higher, but resistance there ought to be tough and volume is drying up. US dollar index rose 27 basis points 90.31%) to 87.90. That negates the key reversal from Friday, so it could rise higher. Japanese Yen lost all Friday's gains, no surprise there. Euro nixed a potential key reversal from Friday. Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sprott's Embry criticizes Randgold's Bristow for claiming that gold is oversupplied Posted: 10 Nov 2014 02:34 PM PST 5:35p ET Monday, November 10, 2014 Dear Friend of GATA and Gold: Sprott Asset Management's John Embry tells King World News tonight that money without counterparty risk -- gold and silver -- will be the only reliable assets "when this whole massive Ponzi scheme in currencies, debt instruments, and other financial assets implodes." Embry criticizes Randgold Resources CEO Mark Bristow for claiming that there is an oversupply of gold. An excerpt from Embry's interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/10_J... 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: 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Silver to S&P 500 Ratio Suggests A Silver Price Rebound Posted: 10 Nov 2014 02:33 PM PST Take the price of silver, multiply by 100, divide by the S&P 500 Index and chart it for 30 plus years. What do we see?
Now look at the 13 years since 9-11 when the gold, silver and commodities bull markets began.
Now examine the difference between the ratio and the linear trend shown above in red.
Comparisons
We could go on, but it is clear to me that the S&P is near all-time highs and is at risk from declining QE, excessive valuation, increasing wartime threats, Middle-East trauma, and US political turmoil. Silver is near a 5 year low, 70% off its highs, and likely to rise based on the same issues that could hurt the S&P. The Si/SP ratio shows that silver is deeply oversold and far below its typical levels. The ratio is at an 8 year low, even below the 2008 silver crash lows, and not far above 30 plus year lows. Based on Friday's upticks, last week may have been the turning point for silver prices and the silver to S&P ratio. Or perhaps the S&P will continue reaching for the sky even though QE is supposedly diminishing, while silver prices drop further below the cost of production. Both seem unlikely but we shall see. What is clear is that silver and gold are currently selling at bargain prices and the S&P is selling at very high prices. If the silver market has finally found a bottom then silver is – right now – an excellent investment, financial insurance, and protection for your purchasing power and savings. For those who bought silver (and gold) at higher prices, the long-term trend is up and will eventually express itself. Waiting for the turnaround is painful, but now is a lousy time to lose sight of the "big picture" and sell at a loss. Instead, now is a far better time to buy. If you bought silver at lower prices, you probably feel good knowing that your investment is currently profitable even at these post-crash levels. Further, silver prices are highly likely to increase substantially in the next few years. KISS! Keep Increasing Silver Stack! Keep It Simple – Silver!
More Reading:
Gary Christenson | The Deviant Investor | GEChristenson
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| Gold-prices.biz Stock Trader Update 11 November 2014 Posted: 10 Nov 2014 01:49 PM PST
This is just a quick note to let you know that today we closed another short trade on GDXJ generating a profit of 35.26%. This is the third time that we have successfully shorted GDXJ since the inception of this premium trading service, our trading record will be updated as soon as we can get to it. We currently have 75% of our funds in cash and | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Congress Set to… (Drumroll)… Increase Military Spending! Posted: 10 Nov 2014 01:30 PM PST This post Congress Set to… (Drumroll)… Increase Military Spending! appeared first on Daily Reckoning. It takes time and space to turn big ships out at sea. It's the same with national defense policy, certainly with "investable angles" of policy. What happens today? Tomorrow? Next week or next month? In some respects, not a whole lot, I suspect. But in other respects, we could see all hell break loose during the upcoming "lame duck" session of Congress. Short term, in the next six weeks or so, we'll see a lame duck Congress, certainly a lame duck, Democrat-controlled Senate. What will happen, say, if Attorney General Eric Holder walks out the door, and Obama moves to rush through and confirm some left-wing, faculty lounge crackpot as the replacement? I can't wait to find out! Or what about the long-threatened presidential "amnesty" for illegal immigrants in the U.S.? How much poison will that pour into the political well? Wait and see. …there's $550 billion in play within the yet-unpassed Department of Defense (DOD) appropriations bill… Politics or no, however, there are any number of "must pass" legislative items left over from the past year. The "old" Congress simply has to return to Washington, do some work and pass some bills. First and foremost, there's $550 billion in play within the yet-unpassed Department of Defense (DOD) appropriations bill, which means the M-O-N-E-Y. That is, we're looking at pretty much the whole DOD budget for the rest of fiscal 2015. No bill, and we "shut down" the Pentagon, ground the airplanes, tie up the ships and send the troops home. Of course, that can't happen, so Congress will have to do something. Nearly $60 billion of that $550 billion is for Overseas Contingency Operations — Afghanistan, Iraq, African efforts and much more. No pressure, though, because current funding expires on December 11. Oh wait… December 11? Whoops. Also expiring on December 11 is the specific legal authorization for the Pentagon's program to train and equip certain Syrian rebels. Thus, expect December 11 to be a VERY hard deadline for some sort of appropriations activity. We will see… something! What else will we see? Consider that most Congresspeople spent the fall campaigning, not legislating. This has pushed other "must-pass" legislation into the lame duck session, too. There's not much time to do anything, one way or the other; thus, expect Congress to fold annual DOD spending into one big, trillion-dollar omnibus bill to fund the government for the remainder of the fiscal year. That always works so well, right? Still, any port in a storm. The hard process of deliberating and governing will be a mere Kabuki theater for the next two months. The lame ducks will pass a hurry-up bill, Obama will sign it, we'll all sing Auld Lang Syne and then see a new Congress in January 2015. As Ronald Reagan used to say, "people are policy." Come January, Republicans will take over the Senate, and add strength in numbers in the House. Red will become redder. Expect to see significant changes in committee membership, as well as personnel turnover in many key committees that oversee defense and defense-related items. (On this last point, for example, much of the nuclear weapons complex falls under jurisdiction of the Department of Energy.) We'll see new people making policy, from the political podiums to back office staffers. Expect Sen. John McCain (R-AZ) to take over the Senate Armed Services Committee (SASC). He's definitely more of a "hawk" than many others, and I suspect will tend to push for more robust, decisive military responses to any number of current security issues that confront the U.S. — think about Russia, China, Middle East and more. The implication of Sen. McCain at SASC is that the services will pick up more tasking, and then come back to Capitol Hill, asking for more money to buy more equipment, and stand up more personnel to use it. For example, Sen. McCain has recently opined that the Obama administration was too quick to withdraw from Iraq, leading to the rise of the Islamic State. It's an error that McCain argues must not be repeated with the war in Afghanistan, which will formally end on December 31. Expect fireworks all along the waterfront with this. Over at Pentagon, DOD Comptroller Michael McCord recently stated that he doesn't expect much in the way of short-term budgetary change, "no matter what happens" with the Senate. Per McCord, "I don't think many people at the senior levels of DOD expect that we're going to have instant enlightenment." (Snarky crack, when you think about it.) Perhaps, however, someone at DOD "senior levels" should have a chat with Chief of Naval Operations (CNO) ADM Jonathan Greenert. In a recent visit to Pittsburgh (well, he visited his home town of Butler, which is just north of Pittsburgh), CNO Greenert told a public audience that Navy readiness is suffering, and won't recover from "second-order effects" of the 2013 budget sequester for another year. In other words, the 2013 budget didn't include enough funding to fix enough ships, and now the Navy has growing maintenance backlogs. To make up the difference, the Navy is keeping people and equipment out at sea longer. The old six-month deployments are now nine-month deployments. It does wonders for morale, maintenance, eventual retention and life cycle costs. It's a variation on the old line about "pay me now or pay me later." The wolf is at the door, so to speak. Also, according to CNO Greenert , "I worry about the shipbuilding industrial base." And well he should, considering that, with the looming closure of the shipyard at Avondale, LA, the country will move to five major shipyards (plus a couple of smaller, mid-tier yards that can do Navy work). the Navy's shipbuilding budget will have to increase, just to pay for the… Ohio-replacement ballistic missile program. Those "Big Five," Navy-oriented shipyards are Bath Iron Works in Maine, Electric Boat in Connecticut, Newport News in Virginia, Ingalls in Mississippi, and NASSCO (National Shipbuilding) in California. Ingalls and Newport belong to Huntington Ingalls Industries (HII: NYSE); the other three yards belong to General Dynamics (GD: NYSE). Still, in essence, if continued "sequestration" of funds chokes the Navy shipbuilding account, per CNO the fleet will shrink over time. Ships ought to last for decades, to be sure, but building fewer ships in the next few years will certainly come back to bite the Navy and national readiness in a generation. Right now, the Navy's shipbuilding account is about 3% of total DOD spending — far below salaries and medical costs for personnel, that's for sure. In a programmatic sense, there's room for growth. Indeed, the Navy's shipbuilding budget will have to increase, just to pay for the "must have" Ohio-replacement ballistic missile program. One piece of good news, unrelated to the election but very "political" in a budget sense, is lower oil prices. DOD is the world's largest single user of petroleum products. If oil prices stay in the $80 range for an extended period of time, that's a 20% saving for many energy costs. It'll be possible for the new Congress to re-program some funds to other needs… and my hunch is that we'll see more procurement for ships, aircraft, electronics and ordnance. Regards, Byron King P.S. We're monitoring the global arms race and investment angles on your behalf in the Daily Reckoning email episodes — free to you as a subscriber. Our missives are the most informative and entertaining 15 min. read of your day. But if you're not signed up you miss out on all of the context and laughs our analysts provide. And you won't find them all here on our site. Sign up now to receive our daily reckonings at no charge. The post Congress Set to… (Drumroll)… Increase Military Spending! appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - Audacious Oligarchy Posted: 10 Nov 2014 01:21 PM PST | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The War In Gold Summed Up In One Incredible Chart Posted: 10 Nov 2014 01:17 PM PST  With the war in gold continuing to rage, today one of the most respected veterans in the gold world sent King World News a fantastic illustration which sums up the war in gold in one incredible chart. Below is James Turk's extraordinary chart as well as his comments on the war in the gold market.This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trading Extremes in Gold Ratios Posted: 10 Nov 2014 12:23 PM PST One way to make money trading commodities... ANDY HECHT is author of How to Make Money with Commodities and radio show host on financial station online TFNN's Commodities Hour. Here he speaks to Mike Norman of Hard Assets Investor about the outlook for gold and silver prices, trading gold ratios, and what's going on in oil. Hard Assets Investor: Andy, you have a long career in commodities. How does a trader make money with commodities? Andy Hecht: All of us have an innate understanding of commodity markets. We buy bread, that's wheat. We fill up our automobiles with gasoline once a week. So we understand prices. And these things trade. And we have investments, we have 401(k)s, we buy stocks, we trade currencies, all kind of bonds, fixed income. And commodity prices actually affect all of these assets. So it's very important that people, even if they don't trade commodities, have an understanding of commodities. Because look, you take a stock like Walmart, they bring products to market. They use fuel. That affects the price of the stock. So we have to understand what the commodity markets are telling us. Hard Assets Investor: And you're basically saying that most people have an understanding already because we go to the grocery story, we fill our cars up with gasoline, so we have an understanding of price levels. We know when things maybe get too high, and when things are a bargain. And they should incorporate that into their investment thinking process. Andy Hecht: Calculus – exactly. And when we look at commodities, the commodity markets are the futures markets. But they're also very big physical markets. In the book, what I try to do is explain the physical markets, how they work, who are the biggest producers in the world? Who are the consumers in the world? And how does that all filter into the derivatives market, which is the futures market, which for the braver of heart can do quite well in it if they have a good understanding of how these markets operate. Hard Assets Investor: Now speaking of understanding, very few people probably would have your level. You worked with one of the premier commodity trading companies in the world back in the day, Philipp Brothers, Phibro. I know you were a precious metals specialist. Tell me a little bit about what it was like working there, and your thoughts now on some of the markets. Andy Hecht: Sure. I started when I was 17 years old, while I was going to high school and college, and I delivered telexes and I worked my way up, eventually ran a couple of departments at Philipp Brothers, at Salomon Brothers, and then at Phibro Energy. Ran the precious metals department, the nickel trading, sugar trading. It was very interesting because you'd learn the physical, the derivatives, all of the markets. As far as what's going on today, where do you want to start? I covered everything from meats to energies to precious metals. Hard Assets Investor: Let's start with the precious metals, because I know recently, and I listened to one of your radio broadcasts, you had a bearish call on gold which turned out to be very correct. We saw the price come down back into the $1100 level. We popped back up again. What's your outlook now? Andy Hecht: Precious metals – particularly gold – is frustrating every bull, and every bear, because it's stuck in a pretty tight range here. The interesting thing about precious metals, Michael, is that platinum broke down. Silver broke down. The platinum/gold spread the last I looked at it is about $20, $30. Historical norms for that about a $200 premium. So that's low. That means platinum is cheap, or gold's expensive. The silver/gold ratio, the long-term norm there, is 55 to 1. That's trading around 71 to 1. So either silver is cheap, or gold is expensive. This is where the markets are now. Hard Assets Investor: As a former physical trader, was that a very important thing for you to look at as sort of a barometer for the market overall? You looked at those spreads...? Andy Hecht: Absolutely. And I don't only look at them in gold. I look at intercommodity spreads in everything. If you look at grains, farmers decide which grain to plant based on the ratio of corn to soybeans. It's substitution spreads. And silver versus gold, both precious metals, when silver gets too cheap, we tend to see more physical demand than silver. But we're not seeing that now. Hard Assets Investor: This is a great tip on relative prices. There are relationships, and there are sort of boundaries. They don't really get too far out of whack most of the time. Andy Hecht: But well, they do. And when they do get far out of whack, those are the greatest trading opportunities. Let's talk about the platinum/gold spread for a minute. You had that over the last 40 years, the lowest it's traded is a $200 discount platinum to gold. That was right after 2008 and right after the global recession. The highest that traded at was in 2007 with a $1100 premium on platinum versus gold. The best profitable opportunities are on these extensions. And I'm seeing an extension now. So the bottom line for me is that either silver and platinum are too cheap, or gold is too expensive. And given the action in commodity markets in general, I tend to still think that gold is too expensive relative to these other precious metals. Hard Assets Investor: Let's talk a little bit about oil markets. We've seen oil I think surprise a lot of people in the degree that it has come down. Now you have an interesting kind of thesis on what's going on here. Andy Hecht: Well, not to try to sound too crazy, but I think that the oil price is being managed. We put together a coalition to fight ISIS in the Middle East. And we're doing that in Iraq and in Syria. And that coalition contains a lot of Arab states. And a lot of those Arab states are very big Opec producers – Saudi Arabia, Kuwait, Qatar. What I think is that the $80 price for oil is really the sweet spot for that coalition. Let me explain why. First of all, at an $80 price, the US maintains oil independence, because you have a lot of crude, high-production-cost crude coming out of the Permian Basin, coming out of the Balkans, coming out of tar sands. And below $80, that becomes uneconomic. We also have lower oil prices now benefit the consumer tremendously in this country. Now the interesting thing here is that one of the big things we've been trying to do is to put pressure on Mr.Putin since he took over the Crimea, since he's on the border of Ukraine. And a lower oil price is a very effective tool in fighting Mr.Putin. Hard Assets Investor: But is $80 low enough? It's hurting their economy, we can see that. Andy Hecht: Right. It would hurt them more at $60, but then it would start to hurt us at $60 because our oil industry would become uneconomic, and oil prices would become much more volatile and much more...If you notice, when we have these geopolitical events, oil hasn't been volatile like it was in past days. Below $70 or so I think it becomes a lot more volatile when we have an eruption in the Middle East. So it's the sweet spot. Hard Assets Investor: Interesting thesis. Let's see, national interest correlating to a certain commodity price. Andy Hecht: Exactly. Mark Rich, a former Phibro guy, once said, "Oil is the blood that runs through the veins of the earth." And it really affects everything. So oil is a very effective tool. One of the things I thought that the president might do when all hell broke loose in the Middle East was to sell some SPR. I think actually if they are doing what I think they're doing, it's even more effective. Hard Assets Investor: To just keep a lid on the price... Andy Hecht: To manage it. And make it less volatile. Maybe it was volatile for the last month and a half or so, but maybe it won't be so volatile going forward. Time will tell. Hard Assets Investor: When you trade nowadays – and I know you're still active as a trader – do you still prefer the futures markets, or do you do physical or ETFs? Andy Hecht: I trade a lot of futures and options, and I love the ETF market. I think the ETF market has expanded and brought commodities trading to every portfolio and made it much easier. There are some good ETFs, and there are some bad ETFs. Like the GLD is a great ETF; it tracks gold very well. The USO is a terrible ETF. It hasn't tracked oil well at all. But it's useful at times on a short-term basis. So I like to look at those, and I certainly kind of analyze those as well and try to pick the best vehicle. There's so many available to us now. Hard Assets Investor: Now I know you do a little bit in the foreign currency area, and you have two favorites because they're kind of closely correlated to commodities. What are those? Andy Hecht: Exactly. The Canadian Dollar, because the Canadian Dollar is very much an oil-based and grain-based currency. And the Aussie Dollar, because Australia is the supply zone for China. And these two currencies are really dramatically affected on a daily basis by commodity prices. If you notice, when commodity prices started going down in early summer, those currencies kind of tanked. We went from trading the high 90's on the Aussie Dollar, the Canadian Dollar; we're down below 90 now on both. So they track very nicely. Very nice correlation. And sometimes you can set up some nice correlation spreads with specific commodities against those currencies. Hard Assets Investor: Andy Hecht, thanks very much for coming on the show. Andy Hecht: My pleasure. Thanks so much. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Nov 2014 12:20 PM PST Happy Birthday Marines! Here is the truth of what we do, by the most highly decorated Marine. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Nov 2014 12:17 PM PST Kenneth Nichols O'Keefe is an Irish-Palestinian citizen and activist and former United States Marine and Gulf War veteran who attempted to renounce US citizenship in 2001. Wikipedia The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| GoldCore: UBS shows gold-rigging conspiracies aren't mere theory Posted: 10 Nov 2014 12:10 PM PST 3:09p ET Monday, November 10, 2014 Dear Friend of GATA and Gold: Noting the Financial Times' report that UBS has agreed to confess to manipulating the gold market -- http://www.gata.org/node/14691 -- Mark O'Byrne's commentary today at GoldCore compliments GATA. "The so-called conspiracy 'theories' are being proven to be real conspiracies by banks," O'Byrne writes. His commentary is headlined "Gold-Rigging Settlement with UBS -- Other Banks to Follow" and it's posted at GoldCore here: http://www.goldcore.com/goldcore_Gold_Rigging_Settlement_With_UBS_Other_... 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Judge upholds Liberty Dollar founder's conviction and schedules sentencing Posted: 10 Nov 2014 11:50 AM PST 2:53p ET Monday, November 20, 2014 Dear Friend of GATA and Gold: The federal judge in the Liberty Dollar counterfeiting case from North Carolina today upheld the jury's March 2011 conviction of the alternative currency system's founder, Bernard von NotHaus. (For an account of von NotHaus' conviction, see: http://www.gata.org/node/9715.) In a 47-page decision that took note of arguments made by the Gold Anti-Trust Action Committee's "friend of the court" brief, the judge, Richard L. Voorhees, ruled that the jury had not gone against the evidence at trial and that von NotHaus' constitutional arguments were unavailing. The judge scheduled von NotHaus to be sentenced in December. Since the Liberty Dollar case seems to have involved a political challenge to federal currency law more than a serious counterfeiting scheme, and since the U.S. government already has seized all of Liberty Dollar's assets, it may be hard to see the need to imprison von NotHaus. If his counsel thinks there is merit in making such an argument to the judge prior to sentencing, GATA will let you know. Judge Voorhees' decision and order are posted at GATA's Internet site here: http://www.gata.org/files/VonNotHausOrder-Nov-10-2014.pdf 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: 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:
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| Russian central bank buys up domestic gold output as sanctions bite Posted: 10 Nov 2014 11:04 AM PST By Clara Denina Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said. Most Russian gold mine production is sold to domestic commercial banks, such as Sberbank or VTB, which can then sell the metal on to either the central bank or to foreign banks. This year, sources say, foreign banks are holding off buying Russian gold after Western powers implemented sanctions against the country over the Ukraine crisis. The central bank has therefore had no choice but take domestic mine production that cannot be sold to foreign banks, two sources said, and has bought most of the metal that commercial banks had available. ... ... For the remainder of the report: http://www.reuters.com/article/2014/11/10/russia-gold-cenbank-idUSL6N0T0... ADVERTISEMENT Sinclair's Next Market Seminar Is 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: 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Steve Pieczenik: Exposes Bin Laden Death Book Hoax. Posted: 10 Nov 2014 10:50 AM PST Alex is joined by former State Department official and psychological operations expert Dr. Steve Pieczenik to examine the Bin Laden fable in light of Navy Seal Robert James O'Neill's claim that he killed the CIA-backed Al-Qaeda operative back in 2011. The Financial Armageddon Economic Collapse... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Nov 2014 10:49 AM PST For the past two years (more or less) readers have read warnings that a horrific economic collapse is brewing across the Western world. It will be the final collapse for these regimes, as none of these economies will be able to survive this coming cataclysm in their present form. There is no prognostication involved here as the "warning signs" that a collapse is coming couldn't be more obvious if they were laid-out on a road map. Worse, we know (for a multitude of reasons) that the Next Crash will be much more severe than the economic collapse which preceded it (the Crash of '08), because nothing has been fixed since that previous crisis. Indeed, our governments have done nothing since that time except more of all of the economic policies (i.e. mistakes) which caused the last crash: a) The debt-bubbles are now much larger. The U.S. and UK national debts have more than doubled since 2007. Canada's debt-to-GDP ratio is higher now than in the 1980's, when it was openly acknowledged as being in "a debt crisis". b) The asset-bubbles are now much larger. The Dow Jones Bubble-Index has nearly tripled since its bottom in 2009, and it was not allowed to fully deflate during the last, manufactured crash. After seven years of near-zero interest rates; Western real estate markets are all ridiculously unstable bubbles, described previously as "history's greatest wealth trap". c) Unemployment continues to soar. Permanent ("structural") unemployment across the Western world now amounts to roughly 100 million people. Then there is the money-printing. Even our catastrophic debt levels, and permanent, ultra-extreme interest rates pale in comparison to this monetary insanity.
While other Western regimes haven't entirely duplicated the extreme, exponential curve represented by U.S. money-printing, the trend is identical. It has to be, because all of our (traitor) governments have publicly declared they are pursuing a policy of "competitive devaluation" – racing to see which one can drive their currency to worthlessness first via over-printing. The chart above is the mathematical representation of the phrase "out of control". It does not represent a currency in danger of hyperinflation. It represents a currency which has already been hyperinflated. So why has the value of these (worthless) Western fiat currencies not already collapsed? | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ALERT -- Obama on Net Neutrality: Regulate the Internet Like Telecoms Posted: 10 Nov 2014 10:04 AM PST Nov. 10 (Bloomberg) -- President Barack Obama called for the "strongest possible rules" to protect the open Internet saying there shouldn't be "fast lanes" and high-speed service should be regulated. (Source: Bloomberg) The Financial Armageddon Economic Collapse Blog tracks trends and... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| How China Is Taking Over America | Jim WIllie Posted: 10 Nov 2014 09:29 AM PST - Is the American people to blame for the coming economic collapse? ►0:03- Is China buying the Federal Reserve? ►7:00 The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Why not defend the ruble by buying gold instead? Posted: 10 Nov 2014 09:14 AM PST It sure would kick all the other currencies down a peg or two, and the best defense is a good offense. * * * In Shift, Russia Lets Ruble Float Free in Markets By Vladimir Isachenvov and Laura Mills MOSCOW -- With the Russian ruble in a nosedive under the pressure of Western sanctions and slumping oil prices, the country's central bank decided today to freely float the currency in markets and stop regularly spending billions in a vain attempt to stem its fall. The bank has been burning through its reserves, which plunged from $510 billion at the year's start to about $400 billion now, to soften the drop in the ruble, which has lost about half its value since the beginning of the year as investors pulled money out of Russia and the economy headed toward recession. It spent $30 billion last month alone — an unsustainable rate. On Monday, the central bank said it would let the market decide what value to give the ruble, which touched a record low of above 48 to the dollar on Friday. It also warned, however, that it would be ready to intervene if necessary to maintain financial stability. A free float could see the ruble depreciate further in the longer term, stoking inflation and other economic problems for Russians. But investors welcomed the central bank's move as a necessary step protect the nation's hard currency reserves and curb market speculation. ... ... For the remainder of the report: http://news.yahoo.com/russia-allows-free-float-ruble-markets-100311279--... 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: 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| John Embry On The Ongoing War In The Gold & Silver Markets Posted: 10 Nov 2014 08:48 AM PST  Today a man who has been involved in the financial markets for 50 years spoke with King World News about the ongoing war in the gold and silver markets. Below is what John Embry, who is business partners with billionaire Eric Sprott, had to say.This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Why Gold, Hard Money Types Are Wrong Posted: 10 Nov 2014 08:06 AM PST Alexander Green writes: Listen to the typical perma-bear - if you must - and you'll find that they are generally wrong five ways at once. They are wrong on the economy, wrong on the dollar, wrong on inflation, wrong on the stock market and wrong on gold. Elmer Fudd had a better track record. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Koos Jansen: Chinese gold demand strong, mainstream media twisting Posted: 10 Nov 2014 06:59 AM PST 10a ET Monday, November 11, 2014 Dear Friend of GATA and Gold: Western news agencies are still misrepresenting gold demand in China, Bullion Star market analyst and GATA consultant Koos Jansen notes today. His commentary is headlined "Chinese Gold Demand Strong, Mainstream Media Twisting" and it's posted at Bullion Star here: https://www.bullionstar.com/blog/koos-jansen/chinese-gold-demand-strong-... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT USAGold: Coins and bullion since 1973 USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business. Please call 1-800-869-5115x100 and ask for the trading desk, or visit USAGold.com. USAGold: Great prices, quick delivery -- all the time. 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tony Blair Caught Selling Oil for Saudi Arabia Posted: 10 Nov 2014 06:50 AM PST In this video Luke Rudkowski breaks down the crimes of Tony Blair and what he is currently up to. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Biggest Threat to U.S. Jobs: â€Ε“The Contestability Nightmare†Posted: 10 Nov 2014 05:38 AM PST TodayΓΆ€™s Outside the Box comes from Sam Rines of Chilton Capital Management in Houston, TX ΓΆ€" a promising young economics contributor to The National Interest and a rising star who I met at Worth WrayΓΆ€™s wedding a few weeks ago. Worth and Sam have developed quite the friendship over the past several months, but it didnΓΆ€™t take much convincing from Worth to get me to share SamΓΆ€™s latest article with you. SamΓΆ€™s work speaks for itself and I am VERY impressed by his insights on a wide range of economic issues ΓΆ€" from the evolution of Fed policy and growing risk of a rising US dollar, to the long-awaited industrialization of India. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fractional Reserve Lending ~Rise of the NWO , Culling of Man Posted: 10 Nov 2014 05:38 AM PST "The money at the base of this pyramid scheme was literally created out of nothing---through a mere ledger entry back in 1913 by the Federal Reserve. This "money", which came from nothing and is backed by nothing, is called "fiat" currency. Fiat currency is money that is not backed by gold or... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Rigging Settlement With UBS - Other Banks To Follow Posted: 10 Nov 2014 05:27 AM PST Suspicions that the price of precious metals are frequently manipulated by a few international banks were further confirmed over the weekend. UBS agreed to settle with various international regulatory bodies investigating rigging in foreign exchange and precious metals markets. While failing to admit wrongdoing one person familiar with UBS's internal probe said that the bank found “a small number of potentially problematic incidents at its precious metals desk," reports the Financial Times: UBS is expected to strike a settlement over alleged trader misbehaviour at its precious metals desks with at least one authority as part of a group deal over forex with multiple regulators this week, two people close to the situation said. They cautioned that the timing of a precious metals deal could still slip to a date after the forex agreement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Yellen Hands Off Money Printing Press to Japan Posted: 10 Nov 2014 05:16 AM PST There is a saying: "The rich just keep getting richer". And by all accounts, since the 2008 financial crisis, they have. Unfortunately, for the struggling poor and middle class, wealthy asset holders have been the only beneficiary of six years of Federal Reserve easy-money policies. Under the tutelage of Ben Bernanke, the Fed introduced QE in March of 2009 with the hope it would save the economy from economic collapse. The goal was to create a new vibrant market for borrowing to replace the former vibrant market for borrowing that had just blown up, taking the economy with it. I am sure Ben Bernanke began this ruse with good intentions and the misplaced belief that real economic prosperity could be manufactured from creating new money. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Swiss franc cap tested as gold bugs push referendum Posted: 10 Nov 2014 05:06 AM PST By Lucy Meakin LONDON -- Switzerland's referendum on boosting gold reserves is already increasing pressure on the franc's cap against the euro, even as polls show voters remain undecided. A rally in the franc pushed it to within 0.2 percent of the 1.20-per-euro ceiling set by policy makers in an effort to support the economy. That's the closest it has come to breaking through the cap since September 2012, when the central bank last intervened to defend it. Options traders boosted bullish bets on the franc to a two-year high. The Nov. 30 referendum will ask voters whether the Swiss National Bank should keep at least 20 percent of its assets in gold, up from 8 percent now. To get the bullion, the central bank would need to sell foreign reserves, much of them in euros. That selling would drive the euro lower versus currencies around the world, including the franc. We're already moving in the direction of 1.20 as the referendum comes more into focus, Georgette Boele, the global head of foreign-exchange and commodity strategy at ABN Amro Bank NV in Amsterdam, said by phone on Nov. 7. "If the vote passes, then a break is probable." ... ... From the remainder of the report: http://www.bloomberg.com/news/2014-11-10/swiss-franc-cap-tested-as-gold-... 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: 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The End of the US Dollar Imperium | Patrick Barron Posted: 10 Nov 2014 04:02 AM PST Jeff Deist and Patrick Barron address the issue of monetary imperialism. How does the US use the dollar as a weapon of economic and cultural power? How long can it last? What might the unprecedented collapse of a worldwide reserve currency look like? And how do the BRIC nations and Asian central... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Nov 2014 02:18 AM PST Dear Reader, It was nice to see gold soar almost $50 last Friday. I don’t place too much importance on a single day’s movement, but the surge showed that reality does matter. It's movement was a natural response to escalation of warfare in Europe, regardless of what paper traders—or even manipulators—in New York might say or do. And the reality is that gold is not just another commodity, like pork bellies, or even copper. Gold is the world’s oldest and most trusted form of money. It’s the ultimate safe haven asset, and the only financial asset that is not simultaneously someone else’s liability. These are facts, regardless of what fools or knaves like those who run the Fed or Goldman Sachs say to the contrary. Still, despite last Friday’s gratifying rebound, gold is still down, our stocks have been hammered, and entering the market has felt like trying to catch a falling safe. I’ve had much to say on the subject, but I’ll step aside and let Jeff Clark address it, as he’s just put together an excellent situation analysis for us. I hope all our readers take it to heart—and take heart. Sincerely, Louis James P.S. Speaking of the crisis in Ukraine, and more crises brewing around the world, International Man Editor Nick Giambruno has teamed up with the original international man himself, Doug Casey, to scour the world for real “blood in the streets” type opportunities. The new service is called the Crisis Speculator, and you can find out more about it here.
Let the Safe Hit the SidewalkJeff Clark, Senior Precious Metals Analyst “True capitulation involves extremely high volume and sharp declines. It is usually indicated by panic selling. The word is a derived from a military term which means to surrender.” —Investopedia It appears the gold market, despite the occasional good day, has entered a phase of true capitulation. Gold has fallen 40% since its $1,921 high in September 2011. GDX, the gold miners’ ETF, is down a numbing 78%. Many gold stocks are now selling at their 2008 lows, with some back at their 2001 lows (and major miner Barrick Gold is now at its 1992 price). This will wreak havoc on the industry. If current price levels remain through the end of the year, we will see:
We are massively long, of course. But should we be? And does it make sense to hold when market fundamentals are crumbling so fast? Assuming you own companies that can survive a period of low prices, our answer is most definitely, YES! Here’s why:
These and other factors are all valid reasons to hold on. But there’s another reason that may be the most exciting of all… How Do You Spell Capitulation? O-P-P-O-R-T-U-N-I-T-Y!The gold selloff has been so brutal that we’re now approaching a true “blood in the streets” moment. That phrase is widely attributed to Baron Rothschild, who made a fortune after the Battle of Waterloo against Napoleon. With the blood of dead soldiers literally staining the streets, he bought when almost no one in their right mind wanted to. We may not be quite there yet with gold, but we’re close. To get an idea of the kind of profits contrarians can earn under such circumstances, let’s look at five top examples from history…
In each example above, investors made a fortune by buying when things were at their most pessimistic. Note that none of the successful investments above required the investor to know, or even guess, where the bottom of the market was. All they had to do was buy deeply undervalued assets when others would not. The current situation for gold stocks is similar. Multiyear low prices, extreme pessimism, panicked selling, scornful media… you get the picture. The “blood” may not be done flowing in the gold sector, but the opportunity emerging is similar to these extreme scenarios in history. Every investor keen on extraordinary gains should be prepared to capitalize on this opportunity. That’s exactly what I and many others at Casey Research are preparing to do. As Louis James likes to say, you don’t try to catch a falling safe; you let it smash and then pick up the treasures scattered about. It’s not easy, but that’s why there’s so much profit in it for those who have the cash and courage to follow through. As for the physical metal, in a world as chaotic and dangerous as ours, we’d argue that everyone should maintain a store of physical value under their direct control—one no government can inflate away. It’s only a matter of time before this game central bankers and politicians are playing is up and a fuse is lit under the gold price. Owning gold is as important as ever, if not more so. And it’s on sale. On that subject… Get Three Months Free International StorageIn the most recent issue of BIG GOLD, we arranged for three months of free international bullion storage at a low-cost facility in what is viewed as the top bullion storage jurisdiction in the world. The vault itself is widely considered to be one of the world’s top private vaulting services. This offer can strategically—and inexpensively—position you for the inevitable endgame. I suggest preparing for that now. Gold and Silver HEADLINES1,500 Tons of Gold on the Line in Swiss Vote to Buy Back Bullion (Bloomberg) The Swiss go to the polls on November 30 in a referendum that will lay down new rules for the country’s central bank concerning its gold reserves. The “Save Our Swiss Gold” movement wants to force the Swiss National Bank to hold 20% of its total assets in gold, from 8% today. Holding 522 billion Swiss francs ($544 billion) of assets in its coffers, the Swiss National Bank (SNB) would have to buy at least 1,500 tons of gold, costing about $56.3 billion at current prices, to reach the required threshold by 2019. Those purchases, equal to about 7% of annual global demand, would trigger an 18% rally, providing a lift to gold bulls who’ve suffered 32% losses in the past two years, based on estimates by Bank of America. With 1,040 metric tons, Switzerland is already the seventh-largest holder of gold by country. According to UBS, a change in the law may force the SNB to buy about 1,500 tons, while ABN AMRO Group and Société Générale estimate the need at closer to 1,800 tons. You can read our analysis of the referendum in last week’s edition. Contrarians Snap Up US Gold, Silver Coins (Mining.com) The sales of American Eagle gold coins jumped 16% month-on-month in October to 67,500 ounces, according to the latest figures from the US Mint. It’s the third month in a row of rising sales. October sales were the second highest this year after a very strong start to 2014, with 91,500 ounces sold in January. October sales increased by nearly 40% from the corresponding month in 2013. Year-to-date sales total 446,500 ounces were still below the 752,500 ounces sold during the first 10 months of 2013, however. Jeff highlights above other instances of high bullion demand. Recent News in International Speculator and BIG GOLD—Key Updates for Subscribers
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| Events Impacting The Gold And Silver Price In The Week Of November 10th Posted: 10 Nov 2014 02:02 AM PST In this article, we summarize the key events of the running week that could have an impact on the price of gold and silver price because of trading in COMEX futures. Over the last week, between November 3d and 7th, both gold and silver went steeply lower before rebounding sharply on Friday 7th. For now, this seems to be a V-bottom on the making, like the U.S. stock indexes did mid-October of this year. Mind the next few days are key as there MUST be follow-through to the upside, otherwise the V-bottom will be invalid. Over the last two weeks, when both gold and silver started to move sharply down, the primary driver has been the US dollar, which has surged higher following last week's hawkish FOMC statement and increasingly more dovish central banks elsewhere in G10. The Bank of Japan's surprise decision to expand its asset purchases program last week was followed by a dovish European Central Bank meeting on Thursday. At the follow up monthly news conference, Mario Draghi said the ECB is prepared to act more aggressively to combat deflation threats if needed and that the policy makers were unanimous on this view. He also said that the ECB's Governing Council expects the central bank's balance sheet to reach the early 2012 levels, implying an increase of up to €1 trillion. The net effect of the BoJ and ECB announcements has been positive for not only the US dollar, but also the global equity markets. Thus this has weighed on safe-haven demand. For the week commencing November 10th, there are some key economic data coming both from the U.S. and European Union. There is only one formal Central Bank statement expected, i.e. one from Governor Mark Carney in the UK on Wednesday; he will talk about the quarterly inflation report. Mainly the data on Friday have the potential to cause some moves in the markets and metals. Below is a more detailed calendar of key economic data in key markets. They are not necessarily driving gold and silver prices, but could cause price volatility. As evidenced by the calendar, the inflation data out of Europe could be a catalyst for a gold price change.
Note: The primary focus of our website is to report on the different aspects of the gold market: fundamentals, economic and monetary analysis, basic technical analysis. Our view on the real price setting in the gold and silver market differs from the mainstream view. Price changes happen to coincide with events or announcements; mainstream media are used to report a relationship between both. However, we believe that the real price setting for the time being is taking place in the COMEX futures market. Market expert Ted Butler does an outstanding job analyzing the weekly evolution in the COMEX market and how it affects price setting. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Frank Holmes Talks No-Drama Investment Strategy Posted: 10 Nov 2014 12:00 AM PST Frank Holmes' advice to investors? Chill. In his interview with The Gold Report, the veteran commodities investor shared some strategies that help him "sit back and stay balanced," namely by diversifying and following the money. Find out about the indicators Holmes watches to read the market's pulse, and why a +/- 35% move for gold doesn't keep him awake at night. Holmes also profiles his favorite mining stocks, including one that generates what could be the highest per-employee revenue in the world. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Swiss May Not Be Able to “Save Our Gold” Posted: 09 Nov 2014 04:00 PM PST The euro has slipped to its lowest level against the Swiss franc since late 2012. It has come within about 20 pips of the floor that the SNB has imposed at CHF1.20. The referendum at the end of the month is capturing the attention of market participants. |
Last week I was in Munich, Germany, speaking at one of Europe's largest gold conferences, which was celebrating its tenth anniversary. It's always a great conference and I've spoken there several times over the years. Unlike a lot of North American gold conferences, this one is not just about mining companies. The exhibit hall at this conference has a lot of bullion dealers selling coins and bars. That has always been the case, but the traffic last week was brisk at the bullion dealers, where buyers were lined up — eagerly converting euros into physical gold and silver. 
Here we go again, silver has been trashed to $15! But don't fear as this "trashing" in my opinion is going to be like Custer's last stand, let me explain. Just as in past episodes, the artificially suppressed prices have brought out 1,000′s of "Indians" all over the world as buyers of physical metal. I use this analogy of "Indians" because prior to this last 5 years, it was in fact consumers from India (whom are so very price sensitive) who would step up in the physical market to eat up supply if the price dropped.
International Speculator
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