Gold World News Flash |
- China’s Military Budget Could Soon Be As Big as America’s
- Switzerland: Vote Yes on Gold Initiative
- Gold Daily and Silver Weekly Charts – Audacious Oligarchy
- The Most Important Question about Gold and Silver Price Suppression, Answered!
- Here Are Three Jaw-Dropping Charts Of Gold, Silver & Oil
- AMERICA 2015: CONVERGENCE OF CATASTROPHIC EVENTS – THE PERFECT STORM
- Coast To Coast AM - November 10, 2014 Ouija Communications & Navy SEALS
- Former Goldman Banker Reveals The Path To The Next Depression And Stock Market Collapse
- Gold to find solace from negative lending rate
- How to get the gold price up: Put gears and dials in it
- Silver and Gold Prices Have Found their Feet, the Gold Price Must Hold $1,145
- LBMA gathers in Peru to disparage gold, discourage redemption of unbacked paper
- Russia is winning confrontation with West, Leeb tells KWN
- Wall Street for Main Street's Jason Burack interviews GATA secretary
- Gerald Celente - Trends In The News - "Ebolaczar Buy It Now!" - (10/17/14)
- Gold Daily and Silver Weekly Charts - Volatility and G20 - Go Go Godzilla
- This Major Catalyst To Send Oil, Gold, & Silver Skyrocketing
- Sosnoff’s Law & Other Valuable Lessons
- By the End of this decade US Dollar will lose world dominance -- Jim Rogers
- Jim’s Mailbox
- Indian Gold Demand Shifts To Overdrive
- Yra Harris On Official Swiss Objections To the Gold Referendum
- When Central Banks Create “Oceans of Liquidity” Here’s Where It Ends Up
- Top Hacker: Chicago Nuke Attack Planned For 2015
- Obama Urges China to Partner in Ensuring World Order
- Think Negative Thoughts: The Secret to Living a Happier More Productive Life
- The Death of The Dollar -- Mike Maloney
- Silver to S&P Ratio: What It Tells Us
- New Currency Wars Cometh - Gold To Be “Last Man Standingâ€
- Switzerland - Vote Yes on Gold Initiative
- The Dow Jones To Gold Ratio: Will 2015 Be The Turning Point?
- Tuesday Morning Links
- Banks Continue Their Criminal Activities, Make Sure You Own Physical Metals
- If gold in a forest is withdrawn by a wholesaler and no one is around to buy it, does it make the pr
- Silver to S&P Ratio: What It Tells Us
| China’s Military Budget Could Soon Be As Big as America’s Posted: 11 Nov 2014 11:04 PM PST Frank Kendall – the Pentagon’s undersecretary of defense for acquisitions, technology, and logistics – has repeatedly warned that America’s military advantage over China is evaporating. The Weekly Standard reports:
Last month, the Washington Free Beacon reported on a draft of the annual report of the congressional, bipartisan U.S.-China Economic and Security Review Commission which found:
And Secretary of Defense Chuck Hagel noted in August:
(The defense contractors are of course saying that we need to increase military spending. But America's military would be much further ahead if we hadn't squandered trillions of dollars on staggering idiocy, pursued a foreign policy which has weakened our national security, and allowed rampant and unchecked fraud to plunge our economy into disarming levels of debt.) Offensive … Or Defensive?I was born and raised in the U.S., and lived here all my life. So America’s national security is my number one concern. And as an American, I simply don’t want any other country to match U.S. military superiority. I want “my team” to be top dog. But blaming China for being bellicose and militaristic may be a little one-sided. From another perspective, China is just acting defensively. For example, historians say that declining empires tend to attack their rising rivals … so the risk of world war is rising because the U.S. feels threatened by the rising empire of China. Indeed, the U.S. government considers economic rivalry to be a basis for war. And (according to one measure) China’s economy is already bigger than America’s. The U.S. is in fact systematically using its military to contain China’s growing economic influence. We warned in 2012 that the U.S. had re-started the Cold War with Russia. Indeed, the U.S. has been encircling Russia for decades, and may be attempting to carry out regime change in that country. China may not sit idly by while Russia – its close ally and economic partner – is challenged. China has also warned against an attack on Iran. This is relevant because the U.S. made the decision to threaten to bomb Iran before 9/11, has been actively planning regime change in Iran for 20 years, and actually carried out regime change 60 years ago. Indeed, the U.S. may be attempting to carry out regime change in China itself. In addition, we’re in the middle of a currency war, and China is eroding the dollar’s status as world reserve currency. Currency wars often lead to shooting wars. And numerous top financial experts warn that the U.S. may launch World War 3 to distract the public from our failing economy. So while China’s military build-up is troubling, it’s not entirely surprising. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Switzerland: Vote Yes on Gold Initiative Posted: 11 Nov 2014 11:00 PM PST by Axel G. Merk, Gold Seek:
The motivation The initiators of the gold initiative appeal to Swiss citizens desire not to sell out the 'family silver.' In the late 90's, the Swiss National Bank (SNB) owned 2,590 tons of gold; since then 1,550 tons have been sold at prices far lower than today's prices. While the Swiss might like their gold, they are fiercely independent. That's relevant because by imposing a ceiling of the Swiss franc versus the euro, the SNB has de facto imposed the euro on Switzerland, a step closer to joining the euro – something many Swiss object to. More importantly, many Swiss may find it inappropriate for what is supposed to be an apolitical body like the SNB to impose policies with major political ramifications. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts – Audacious Oligarchy Posted: 11 Nov 2014 10:00 PM PST from Jesse's Café Américain:
Dean Baker “Most of them became wealthy by being well connected and crooked. And they are creating a society in which they can commit hugely damaging economic crimes with impunity, and in which only children of the wealthy have the opportunity to become successful. That's what I have a problem with. And I think most people agree with me.” Charles Ferguson, Predator Nation “No lie can live forever.” Thomas Carlyle There is a currency war ongoing. It’s objective is the subjugation of whole peoples, including the domestic public. In a very real sense it is nationless. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Most Important Question about Gold and Silver Price Suppression, Answered! Posted: 11 Nov 2014 09:05 PM PST A Change of Plans from The Wealth Watchman:
I was going to write on a different topic today, but I had someone ask me a question, prompted by an exchange he’d read from a certain guru, Mr. Martin Armstrong. The exchange was about whether or not gold and silver were being actively suppressed by banks and governments. Armstrong continues to come against the argument of long-term suppression, but this shield brother’s question is so crucial, that once I read it, I knew I had to write on this topic immediately. It is becoming more and more important every day, for everyone possible to understand why the manipulation is prosecuted and ongoing, even more than who is doing it or how.
The question basically goes like this, and I’m sure you’ve heard it too by this point: “Why would the governments(and large banks who run them) care about suppressing gold and silver for the long haul? There’s not alot of cash to be made in rigging these things ‘perpetually’, so why would the banking cartel choose to suppress silver and gold?” This question keeps coming up over and over, and the answer is so important that it bears repeating, especially since some newcomers to precious metals are just now getting involved in this fight. The number of voices out there still hilariously clamoring to defend the gold and silver markets as “freely and fairly-traded” and “totally legitimate” are are shrinking faster than the real U.S. job market. It has now become apparent to all but the most willfully blind, that there are serious, serious problems of price suppression within the precious metals’ futures trading space. So let’s address a few of Mr. Armstrong’s actual words, but not before we clear something up first. It Is Historical Fact First of all, anyone who’d deny that governments and banks couldn’t or wouldn’t suppress precious metals’ prices for very long periods of time, isn’t very savvy in the history department. After all, it’s barely half a century since Charles de Gaulle helped destroy the gold market riggers in the 1960′s by taking delivery of vast tonnage of gold, on behalf of France, from the London Gold Pool. The London Gold Pool was constructed by the Anglo-American banking powers, to hold gold’s exchange rate down at a price of $35 per ounce. Eventually they had to abandon this price fixing scheme, due to the tremendous loss of gold, but salient point remains: it is historical fact that banks and governments have felt that it is within their own best interests, to suppress the price of gold. They’ve repeatedly demonstrated that doing so for long periods(literally decades at a time), isn’t really that difficult, when you own most of the world’s investment-grade gold. This is elementary stuff, but another point I wanted to bring up, that nearly no one else mentions, is that the classical gold standard (and most gold standards in general) by definition, is purely a long-term price suppression scheme. That’s actually all a gold standard is! It is a group of governments and bankers, who own gargantuan stockpiles of gold, all agreeing on a price which they think is fairly sustainable, in which to either print currencies as a derivative of that stockpile of gold(in a worst case scenario), or in which to put a piece of gold in your hand(in the best case scenario). It doesn’t matter what the gold standard’s rate of exchange is: whether $20, or $35, or $35,000 an ounce, if they all “agree” on the exchange rate to peg gold at…..then it’s not a freely and fairly-traded rate, and the people living under it will simply be eventual victims of another generational, monetary scam, repeating the terrible cycle all over again. That is why this Watchman opposes the gold standard! A gold standard, in our modern contexts, is nothing but price rigging, and price suppression. It took me many years to get here, but several commentators, such as Mike Maloney have made me realize that a gold standard is just a gigantic scam that allows those at the top of the money pyramid to grant their crushing pyramids of debt, a longer lease on life. It affords all the power to those who deserve it least! I’m not for a gold standard, but for simply gold and silver in the hands of the people, trading freely against any other currencies(whether government or private) in any form. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Here Are Three Jaw-Dropping Charts Of Gold, Silver & Oil Posted: 11 Nov 2014 09:01 PM PST  After some wild trading in the gold market, everyone wants to know what's next for gold, silver, and oil? To help answer that question, today King World News is pleased to share a key portion of the internationally acclaimed work from Jason Goepert, founder of SentimenTrader, including three jaw-dropping charts of gold, silver, and oil. This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AMERICA 2015: CONVERGENCE OF CATASTROPHIC EVENTS – THE PERFECT STORM Posted: 11 Nov 2014 09:00 PM PST by Paul McGuire, News With Views:
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| Coast To Coast AM - November 10, 2014 Ouija Communications & Navy SEALS Posted: 11 Nov 2014 07:04 PM PST Coast To Coast AM - November 10, 2014 Ouija Communications & Navy SEALS 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! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Former Goldman Banker Reveals The Path To The Next Depression And Stock Market Collapse Posted: 11 Nov 2014 07:00 PM PST Submitted by Nomi Prins, author of "All The Presidents' Bankers", via NomiPrins.com, A funny thing happened on the way to the ‘end’ of the multi-trillion dollar bond buying program known as QE - the Fed chronicles. Aside from the shift to a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ) as I wrote about earlier, what lingers in the air of “post-taper” time is an absence of absence. For QE is not over. Instead, in the United States, the process has simply morphed from being predominantly executed by the Federal Reserve (Fed) to being executed by its major private bank members. Fed Chair, Janet Yellen, has failed to point this out in any of her speeches about the labor force, inflation, or inequality. The financial system has failed and remains a threat to us all. Only cheap money and the artificial inflation of asset values can make it appear temporarily healthy. Yet, the Fed (and the Obama Administration) continue to perpetuate the illusion that making the cost of (printed) money zero by any means has had a positive effect on the population at large, when in fact, all that has occurred is a pass-the-debt-ponzi-scheme co-engineered by the Fed and big US bank beneficiaries. That debt, caught in the crossfires of this central-private bank arrangement, is still doing nothing for American citizens or the broader national or global economy. The Fed is already the largest hedge fund in the world, with a book of $4.5 trillion of assets. These will plummet in value if rates rise. Cue the banks that are gearing up their own (still small in comparison, but give them time) role in this big bamboozle. By doing so, they too are amassing additional risk with respect to interest rates rising, on top of all their other risk that counts on leveraging cheap money. Only the super naïve could possibly believe that the Fed and its key banks haven’t been in regular communication about this US Treasury security shell game. Yet, aside from a few politicians, such as former Congressman Ron Paul, Congressman Sherrod Brown and Senators Bernie Sanders and Elizabeth Warren, the notion that Fed policy has helped bankers, rather than other people, remains largely divorced from bi-partisan political discussion. Adding more fuel to the central-private bank collusion fire, is the fact that the Fed is a paying client of the JPM Chase. The banking behemoth is bagging fees for holding and executing transactions on the $1.7 trillion New York Fed’s QE mortgage portfolio, as brilliantly exposed by Pam Martens and Russ Martens. Wouldn’t it be convenient if JPM Chase was also trading this massive mortgage book for its own profits? Or rather - why wouldn’t they be? Who’s going to stop them – the Fed? Besides, they hold more trading assets than any other US bank, so why not trade the Fed’s securities ostensibly purchased to help the public - recover? According to call report data compiled by the extremely thorough website www.BankRegData.com, nearly 97% of all bank trading assets (including US Treasuries) are held by just 10 banks, led by JPM Chase with 43.80% and followed by Citigroup at 24.51% of all bank trading assets. Last quarter, US Treasuries were the fastest growing form of security bought by banks, increasing by 26.3% or $72 billion over the prior quarter. As the Fed tapered, banks stepped in to do their part in the coordinated Fed-private bank QE game. In the past year, banks have added $185.8 billion of US Treasuries to their books, more than doubling their share of government debt. Just seven banks comprised nearly all ($70.5 billion) of this quarterly increase: State Street Bank, Capital One, JPM Chase, Wells Fargo, Bank of America, Bank of NY Mellon and Citigroup. By the end of the third quarter of 2014, Citigroup, with $95 billion, was the largest holder of US Treasuries, followed by Bank of America at $54.8 billion and Wells Fargo at $37.8 billion from nearly zero at the start of 2014. Bank of NY Mellon holds $25.3 billion and JPM Chase holds $15 billion US Treasuries. This increase in US Treasury holdings reflects another easy money element of our federally subsidized banking system. Banks take deposits from individuals for which they pay close to zero in interest, in fact, charge customers fees for keeping their money (courtesy of the Fed’s Zero-Interest-Rate policy.) They can turn that around to make a cool risk-free 2.3% by parking the money in 10-year US Treasuries. Why lend to Joe the Plumber, when the US government is providing such a great deal? But, the recent timing here is key. Banks only started buying US Treasuries in earnest when the Fed announced its tapering plans. Thus, not only are they participants in the ZIRP game as recipients of cheap money, they are complicit in effecting monetary policy. As the data analyzed so expertly by Bill Moreland at www.BankRegData.com makes clear, there has been no taper. Thus, the publicized reason for tapering – better job and economic growth – is also bogus. During the third quarter, Wells Fargo and Bank of America matched Fed purchases of US Treasuries, keeping the total amount of US Treasuries in QE land neutral. With such orchestration to keep rates down and the prices of US Treasury securities up, all the talk about whether the labor force is strengthening or inflation exists or not is mere show. Banks haven’t even propped up the labor market in their own industry. They chopped 11,400 jobs last quarter. In the past two years, they cut 57,236 jobs. No one in either political party mentioned any of this during the mid-term elections. Yet, our political-financial system has gone from the dysfunctional to the failed to the surreal. Speculation, once left to individuals and investors, is now federally sponsored, subsidized and institutionalized. When this sham finally buckles and the next shoe falls and rates do eventually rise, the stock market will tank, liquidity will die, and the broader economy will plunge into a worse Depression than before. We are not there yet because of these coordinated moves and the political force behind them. But we are on a precarious path to that inevitability.
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| Gold to find solace from negative lending rate Posted: 11 Nov 2014 05:13 PM PST By Nicholas Larkin Gold at a four-year low should find solace after rates at which bullion is lent for dollars turned negative, signaling tighter supply, Natixis SA said. The Chart of the Day shows the three-month gold forward offered rate has turned negative on a weekly basis. Prices rose in three of the past four times this occurred since last year. There's now a "limited window" to bet on a gold rebound, Natixis economist Evariste Lefeuvre said in a Nov. 10 report. A form of backwardation, when earlier prices are more expensive than for later dates, the negative GOFO rate signals that dealers are paid to lend metal against cash, rather than paying for the privilege. As bullion slid to the lowest since April 2010 this month on a stronger dollar and outlook for higher interest rates, demand for U.S. Mint coins increased. ... ... For the remainder of the report: http://www.bloomberg.com/news/2014-11-12/gold-to-find-solace-from-negati... 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| How to get the gold price up: Put gears and dials in it Posted: 11 Nov 2014 05:04 PM PST By Stephanie Nebehay GENEVA, Switzerland -- A gold pocket watch made by Patek Philippe for a New York banker in the 1930s fetched 23.2 million Swiss francs ($24 million) at auction on Tuesday, smashing the record for a timepiece it previously set 15 years ago, Sotheby's said. Henry Graves commissioned the famed Swiss watchmaker to produce the world's most complicated watch and surpass one made for James Packard, the American automobile manufacturer. ... ... For the remainder of the report: http://www.reuters.com/article/2014/11/11/auction-watch-idUSL6N0T14WR201... 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Silver and Gold Prices Have Found their Feet, the Gold Price Must Hold $1,145 Posted: 11 Nov 2014 05:02 PM PST
The GOLD PRICE added $3.20 to close at $1,162.80 Silver lost 7/10 of a cent today to shutter the Comex at $15.664. Both silver and GOLD PRICES have flashed reliable buy signals by closing above and inside their Bollinger Bands. This shouts that some kind of rally will follow, but doesn't offer many details. Five day charts for silver and gold prices both show upward reversals. As recently as mid-September you could have bought US 90% coin at a wholesale premium of 30 cents an ounce over its melt value. Last Friday it cost $1.75 an ounce over spot, and that jumped yesterday to $2.25. These are stark gains that point to demand outstripping supply of physical silver, pushing up the price. The US Mint announced in the last week that it was temporarily suspending sales of 2014 silver American Eagles because it was out of stock. Silver Maple Leaves are delayed three weeks. Premiums on silver rounds are have crept up 5 cents. A "premium" over the melt value implies that people are willing to pay ABOVE THE PAPER MARKET PRICE to secure the silver in hand. In the panic of 2008 we saw premiums on silver items climb above 50%. The paper price became a joke, because you couldn't buy silver anywhere at that price, and if you could convince anybody to sell you silver, you had to wait eight weeks. Clearly, we aren't there now, but that leaping premium on US 90% says there is plenty of physical demand under the silver market. I want more confirmation, especially a gold price above $1,180, but it's beginning to look like silver and gold prices have found their feet. The SILVER PRICE must hold today's low at $15.44 and the gold price must hold $1,145. If all this holds, then tomorrow ought to see silver and gold at higher prices. When a market tops it will often reach back toward that top several times, only to be slapped back again. That leaves behind a series of lower highs and higher lows. So appeareth now the US dollar index, which today lost 29 basis points or 0.32% to end at 87.61. Oh, three days don't make a trend, but the indicators look tired. Next big move should be down. Euro rose today 0.42% to $1.2474, no big shakes but better that the low three days ago at $1.2359. Trying to turn up, but without energy or conviction. I reckon you ought to expect that when the people who manage the yen announce they are printing quadrillions more, it ought to establish a downtrend, and it has. Lost another 0.77% today to 86.42, a new low and new low close for the move. I note in passing that US and British regulators are preparing to settle with giant banks suspected of manipulating currency markets. The US CFTC is expected to fin Barclays, JPMORGAN Chase, Citigroup, UBS, Royal bank of Scotland, UBS, and HSBC some $300 million each. The Briitsh regulators are talkking a settlement, but no figures have been mentioned. Other inquiries are going forward agianst Bank of America. Res ipsa loquitur. Would you pay a $300 million fine if you hadn't done anything wrong? I wouldn't pay a $20 fine if I hadn't done anything wrong, but I'm from Tennessee. Makes you wonder just how "free" markets under government "oversight" really are. Stocks have dazzled with a five day run of new highs on lower and lower volume, which witnesses they are running out of gas. Dow today rose 1.16 or 0.1% to 17,614.90. SUP rose a little more 07% (1.42) to 2,039.68. Both are bumping hard against overhead resistance. Warning flags are piling up, but that's only the view of a natural born fool from Tennessee. Just to bring y'all up to date, the Dow in Gold hit a high 6 November at 15.381 oz or G$317.95 gold dollars and today dropped 1% to end at 15.15 oz or G$313.18. It's left a kind of vibrating zig-zag since then and begun stepping back from an extremely overbought state. This is the key indicator for the entire market party. Until it turns down, decisively down, silver and gold will suffer like a blood bank facing withdrawals from Dracula -- stocks will pull into themselves all the money in the world. Dow in silver saw its high on 5 November at 1,143.15 ounces or S$1,478.01 silver dollars. Since it has zigzagged down, and today lost 0.55% to 1,123.54 oz S$1,452.66. Both the DIG and DIS are rattling on uptrend lines which so far have held as support. Breaking those promises to send them plummeting as fast as they soared in October. 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LBMA gathers in Peru to disparage gold, discourage redemption of unbacked paper Posted: 11 Nov 2014 04:59 PM PST Shaken Gold Bulls Learn to Accept 'New Normal' By Clara Denina LIMA, Peru -- Blinking from sweeping reform on price benchmarks, even the most die-hard gold enthusiasts accepted that the market's glory days had faded for now, as the bullion industry's annual conference agreed prices would nurse losses over the next year. Gold, which hit a four-year low of $1,131.85 an ounce last week, was expected to stabilise around $1,200 an ounce by October 2015, some of the 400 delegates at the London Bullion Market Association annual conference in Lima, Peru, forecast. Spot gold has shed around 5 percent this year, in the wake of last year's 28-percent tumble that halted a 12-year rally. It is currently trading at around $1,170. "The question is not anymore whether gold prices can rise, but how long they will languish at current levels," one banking delegate said. ... ... For the remainder of the report: http://www.reuters.com/article/2014/11/11/gold-conference-mood-idUSL6N0T... 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Russia is winning confrontation with West, Leeb tells KWN Posted: 11 Nov 2014 04:18 PM PST 7:20p ET Tuesday, November 11, 2014 Dear Friend of GATA and Gold: Fund manager Stephen Leeb tells King World News today that Russia is winning its confrontation with the West, that China is the biggest buyer of oil on the current dip, and that he wouldn't be surprised if oil is 70 to 90 percent higher within a year. An excerpt from the interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/11_T... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Anglo Far-East is a global market leader and innovator that for more than two decades has provided private purchase, vaulting, security logistics, transport, and liquidation of allocated gold and silver bullion outside of the banking system. AFE clients include individuals, family offices, and institutions like banks and regulated funds. Anglo Far-East: Think Outside the Bank Here's what one of our generationally wealthy clients has to say about AFE: http://www.afeallocatedcustody.com/research/teleconferences/download-inf... To get started, please visit: https://secure.anglofareast.com/ Anglo Far-East: Think Outside the Bank Join GATA here: 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wall Street for Main Street's Jason Burack interviews GATA secretary Posted: 11 Nov 2014 04:08 PM PST 7:09p ET Tuesday, November 11, 2014 Dear Friend of GATA and Gold: Jason Burack of the Wall Street for Main Street Internet site today interviewed your secretary/treasurer about the historical facts of gold price suppression and how the current round might end. As your secretary/treasurer talks too much even as he is fighting off a cold, the interview is almost 40 minutes long. It can be heard at You Tube here: https://www.youtube.com/watch?v=JFFq_uLNxtk&feature=youtu.be CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Direct Ownership and Storage of Precious Metals Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore. Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars. Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver. Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173) To invest or learn more, 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gerald Celente - Trends In The News - "Ebolaczar Buy It Now!" - (10/17/14) Posted: 11 Nov 2014 03:40 PM PST "Our first ever Trends In The News with a live audience, the richest 1% control half of the world's global wealth & President Obama appoints an "ebola czar" to battle the deadly virus." The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - Volatility and G20 - Go Go Godzilla Posted: 11 Nov 2014 01:14 PM PST | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| This Major Catalyst To Send Oil, Gold, & Silver Skyrocketing Posted: 11 Nov 2014 12:07 PM PST  Today an acclaimed money manager told King World News for the second week that we are very close to seeing one of the most dramatic reversals in any market in history in the gold, silver, and oil markets. Stephen Leeb also said that one of these key markets will be a stunning 70 to 90 percent higher in 12 months.This posting includes an audio/video/photo media file: Download Now | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sosnoff’s Law & Other Valuable Lessons Posted: 11 Nov 2014 11:46 AM PST This post Sosnoff’s Law & Other Valuable Lessons appeared first on Daily Reckoning. This past February, my newsletter, Capital & Crisis (C&C), hit its 10th anniversary. I let it pass without comment, because really, who cares? But a decade, more or less, is a good time to look back over the results. So I finally got C&C's track record independently verified. I want to share these results with you. I also want to share some things I've learned in those now almost 11 years that you might not hear elsewhere. First, those results:
This table is from a report by Alpha Verification Services. The firm reviewed the performance of the C&C portfolio from its inception in 2004 to Aug. 31, 2014. The S&P 500 is a decent proxy for the market and serves as a good measuring stick. C&C killed it. Now, the average holding period for a C&C stock is about 1.7 years. So the annualized results yield a return of 16% for C&C and just 5% for the market overall. We did it with a high batting average, too — 70% of stock picks wound up showing a gain. The best ideas are often the simplest. Given these exceptional results, what can I say about how they came about? I could write a book answering this question. Instead, I will to focus on a few quirkier aspects of investing. Things you might not think about. Sosnoff’s law. This comes from a book called Humble on Wall Street, published in 1975 and still one of the best books on the experience of investing. Its author, Martin Sosnoff, wrote that "the price of a stock varies inversely with the thickness of the its research file. The fattest files are found in stocks that are the most troublesome and will decline the furthest. The thinnest files are reserved for those that appreciate the most." In other words, the best ideas are often the simplest. If I find myself working really hard to justify keeping or buying a stock, I think of Sosnoff’s law. This was not always the case. I've wasted countless hours on bad stocks that I should've just sold at the first sign of trouble or ignored altogether. Many great investors have some version of this truism. (Peter Lynch comes to mind. "Never invest in any idea you can't illustrate with a crayon.") Simplicity is best. Beware of "fixed ideas." Max Stirner was a German philosopher who wrote a bombshell of a book published in 1845. English speakers know it as The Ego and His Own. It is a difficult book, but full of powerful concepts. Stirner contends that people do not have ideas. Rather, their ideas have them. These "fixed ideas" then rule over their thinking. Stirner wrote that a thought was your own only when you "have no misgiving about bringing it in danger of death at every moment." He actually looked forward to having his own ideas tested and knocked down: I shall look forward smilingly to the outcome of the battle, smilingly lay the shield on the corpses of my thoughts and my faith, smilingly triumph when I am beaten. That is the very humor of the thing. In markets, you see many people with "fixed ideas." They are the ones that always recommend gold, no matter what. They are the ones always expecting the market to crash, forever obsessed with the Fed or the theories of dead economists. They are the ones always expecting the dollar to crash. They are the ones who can't change their mind. I have learned, painfully, to think like Stirner. I have no attachment to ideas. I have no problem changing my mind. In fact, I look forward to doing so, and actively try to poke holes in my own ideas and theories. Be suspicious of abstractions. I here borrow from another favorite sage, that corncob pipe-smoking disheveled man of letters, Paul Goodman. "I can't think abstractly," he wrote. "I start from concrete experience." He cracked that because he stuck so close to concrete experience, he "cannot really write fiction." People take easily, though, to big ideas. The New Economy. Peak Oil. The Chinese Century. The Great Moderation. All of these things are just abstract ideas. They are predictions about how the world might look. But they are far from concrete experience — and, hence, likely to lead you astray. And each of the abstractions I mentioned has led investors astray. Ideas can come from anywhere. But my best ideas often come from people. "Investment," author John Train once wrote, "is the craft of the specific." It's about why A is a better investment than B. "It's extraordinary how much time the public spends on the unknowable." I've learned to identify and accept the unknowable. I've learned to distrust grand theories. Investing is a people business. Early on, I relied on reported numbers and screened for statistical cheapness. I'd look for low P/E stocks, for example. Everyone can see these numbers. Yet these methods can still work well. Over time, however, I've learned that a good situation is worth more than any statistic. A good situation is one where the story is not obvious from the numbers alone. Something else is going on in the business that makes it attractive. These are rare, but the rewards of investing with them are often great. To find a good situation requires a lot of reading and networking. I talk to a lot of people in the course of a year — investors, executives, analysts and economists. Ideas can come from anywhere. But my best ideas often come from people. Hidden stories exist. And there is a person, somewhere, who knows that story. I want to find to those people and their stories. I don't know if I'll do as well for you in the next 10 years as I've done in first 10. But I'm going to try. And I'm confident the lessons above will serve us well in the effort. Regards, Chris Mayer Ed. Note: Our sales guys would claim Chris beat the market by more than 300% consistently over a ten year period. And you know what? They'd be right. Chris is the real deal. His ideas are sober and pragmatic. Even if you already value the advice you get from other sources, Chris Mayer can add a kick to your portfolio. He can help you take the pile you have… and make it bigger. If you value his contributions you'll be doing yourself, your family — and your money — a favor when you subscribe to receive our daily e-letter — where Chris’ unique insights are regularly featured. In addition, each issue has exclusive market commentary you won’t find anywhere else. Click here to sign up now. Your regular issues will start hitting your inbox everyday at 4:00 pm. The post Sosnoff’s Law & Other Valuable Lessons appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| By the End of this decade US Dollar will lose world dominance -- Jim Rogers Posted: 11 Nov 2014 11:26 AM PST The dollar will lose its dominant role - that message from President Putin as Russia and China agree to boost trade operations in their national currencies. This comes on the heels of a major gas deal, called the Western route....which coupled with a previous pipeline agreement will make Beijing... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Nov 2014 11:11 AM PST Jim, This result will help give courage to the gold initiative that the Swiss vote on the end of November. The status quo central planners will be pushed further and further by the people want to control of their life and assets. CIGA Larry Catalan Voters Tell Madrid to Back Down 45 Nov 10, 2014... Read more » The post Jim’s Mailbox appeared first on Jim Sinclair's Mineset. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Indian Gold Demand Shifts To Overdrive Posted: 11 Nov 2014 09:30 AM PST Graceland Update | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Yra Harris On Official Swiss Objections To the Gold Referendum Posted: 11 Nov 2014 09:26 AM PST | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| When Central Banks Create “Oceans of Liquidity” Here’s Where It Ends Up Posted: 11 Nov 2014 09:21 AM PST This post When Central Banks Create “Oceans of Liquidity” Here’s Where It Ends Up appeared first on Daily Reckoning. Stocks are trading at a new record. Works of art hit a new record too. From Bloomberg:
Mr. Chaudhri is wrong about several things… First, private wealth is not being created; it is being fabricated by central banks. Second, art is not the ultimate asset but probably a poor and unreliable one. And third, the art market is not going up the way he imagines. When the money drains away, the aficionados will be punished: They'll be stuck with their purchases. Still, Mr. Chaudhri is right about one thing: There's a lot of money around. Central banks have created oceans of liquidity. Like water, it had to go somewhere. Yes, rich people have gotten a lot richer in the last few years. The top 1% now own 35% of America's wealth. The bottom 80% owns only 11% of it. Where did all this money come from? We've seen estimates for the effect of QE on the balance sheets of the country's asset holders. Over the last five years QE has added between $2.5 trillion… to as high as $9 trillion. Now, with so much loose change in their pockets, the rich can bid for Jeff Koons' confections… Manhattan condos… or whatever they want. But that still leaves the question: Where does the money come from? You already know the answer: from the central banks. And you know where they got it: from nowhere. Central banks have created oceans of liquidity. Like water, it had to go somewhere. In the event, it went into stocks, real estate, art… and many other things. And now that the QE program is officially on "pause" in the US, the Japanese and the Europeans are taking over. "ECB council backs €1 trillion euro-zone rescue," was the headline in the Financial Times as last week came to a close. "Mario Draghi has secured unanimous support from the European Central Bank's governing council to inject €1 trillion to rescue the Eurozone economy from stagnation," continues the report. And that comes on the heels of remarkable reports from Japan. The Bank of Japan has a new governor, Haruhiko Kuroda. Apparently, he is even more reckless and retarded than Prime Minister Shinzō Abe. Kuroda has upped the central bank’s asset buying to ¥80 trillion ($700 billion) a year. And part of the deal includes direct purchases of Japanese REITs and ETFs. As the Real Time Economics blog reports:
"Hey… you want a wealth effect? I'll give you a wealth effect!" The Japanese are the trendsetters — at least in the world of suicidal financial policies. So, it probably won't be long before the Fed gets back into the money-printing business. Most likely, it'll wait for the stock market to crack. Then it, too, could begin buying stocks directly. The US stock market will fall because there is less and less fabricated money holding it up. The $3.6 trillion in QE helped push up the S&P 500 by 200% since its crisis low on March 9, 2009. …liquidity will drain away — gradually… and then suddenly. But QE is, as we said, now on "pause." And the money-printing operations in Japan and Europe will probably not leak fast enough into the US to keep the water level high. Instead, liquidity will drain away — gradually… and then suddenly. Not only has QE stopped, but so has the big boost that the US used to get from its trade deficits. At its peak, America's current account deficit reached $800 billion. That money — largely credit-financed — went out of the US to buy foreign-made goods. To stop their currencies from appreciating versus the dollar, foreign central banks — particularly the People's Bank of China — had to print local currency to buy these dollars. They then reinvest these dollars back in the US. This was like QE before there was QE, says our friend Richard Duncan. The US got a flood of liquidity from overseas money-printers. This is what helped inflate the stock market bubble of 1999 and then the housing and financial bubble of 2008. But that's gone too. The current account deficit is only about half of what it once was. And as America's oil industry coaxes more and more crude from the ground, there will be fewer US dollars headed overseas to buy energy and a lower current account deficit as a result. This will mean less buying of US assets by the foreigners… and "excess liquidity" to float asset prices. The energy boom will not buoy up asset prices; it will help sink them. Regards, Bill Bonner Ed. Note: Over ten years ago, Bill Bonner co-founded The Daily Reckoning with fellow New York Times bestselling author Addison Wiggin. Since its inception it has been one of the most informative and entertaining reads you can find anywhere in the world. And right now, you can get The Daily Reckoning sent straight to your email inbox, absolutely FREE. Click here now to sign up and discover all the unique benefits the Daily Reckoning email has to offer. This article originally appeared in Bill Bonner’s Diary of a Rogue Economist, here. The post When Central Banks Create “Oceans of Liquidity” Here’s Where It Ends Up appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Top Hacker: Chicago Nuke Attack Planned For 2015 Posted: 11 Nov 2014 09:14 AM PST Guccifer - the Romanian hacker who accessed private email accounts of numerous top government & military officials as well as the Bush family - is quoted in the New York Times as predicting a nuclear attack on Chicago sometime in 2015. The Financial Armageddon Economic Collapse Blog tracks... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Obama Urges China to Partner in Ensuring World Order Posted: 11 Nov 2014 07:54 AM PST U.S. President Barack Obama said on Monday a successful China was in the interests of the United States and the world but Beijing had to be a partner in underwriting international order, and not undermine it. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Think Negative Thoughts: The Secret to Living a Happier More Productive Life Posted: 11 Nov 2014 07:28 AM PST This post Think Negative Thoughts: The Secret to Living a Happier More Productive Life appeared first on Daily Reckoning. [Ed. Note: Here at the Daily Reckoning, we strive to bring you a unique and entertaining view of the world of finance. But we also realize that there's more to this world than money. After all... what good is money if you don't know how to enjoy it? So as part of our ongoing "Tip of the Day" series -- brought to you by our friends at Laissez Faire Today -- we're proud to share this little actionable tip on living a happier, healthier and more enjoyable life than you ever thought possible. Enjoy!] “I have always been fascinated by the law of reversed effort. Sometimes I call it 'the backwards law.' When you try to stay on the surface of the water, you sink; but when you try to sink, you float. Insecurity is the result of trying to be secure… contrariwise, salvation and sanity consist in the most radical recognition that we have no way of saving ourselves.” — Alan Watts, The Wisdom of Insecurity Unpleasant truth time. The highly popularized documentary The Secret lied to you. Positive thoughts alone aren't going to glitter your life with gold and make everyone love you. Sorry. Someone had to say it. …imagining yourself with the things you want could make you less motivated to go out and take real action… So take down that vision board and listen up. Sitting around thinking about daffodils and driving around in an imaginary Ferrari isn't going to get you what you want. In fact, positive thinking can backfire. The brain can't tell the difference between imagined reality and external reality. In one series of experiments, researchers found that when thirsty participants imagined themselves drinking a glass of water, their energy levels dropped. Why did this happen? The researchers discovered that by merely imagining drinking water, the subjects were less motivated to drink water. The brain thought the body already got its fill. So imagining yourself with the things you want could make you less motivated to go out and take real action — and more motivated to just sit there in the lotus position and imagine it. Especially when you are confronted with the inevitable obstacles to getting what you want. Studies have also shown that too much positive thinking can lead to lower self-esteem. When you attach yourself to a definite positive outcome, we now know, the mind becomes anxious when it doesn't happen. Also, when you always expect only the positive, you're never prepared for the negative. And when life catches you unprepared, it can feel like a deathblow. That's why thinking negative thoughts, many researchers are now realizing, is actually good for you. Provided you use it constructively and deliberately. The Stoics have one technique they used as far back as third century BC for quelling anxiety called "the premeditation of evils." Essentially, you just imagine your fears playing out in your mind without reacting to them. Imagine losing everything. Imagine your boss or loved ones screaming at you. Imagine strangers laughing and pointing at you. Imagine laying on your deathbed, counting your regrets. And look calmly on. Sounds masochistic, but it's actually healthy. Truth is, you're doing all of these things unconsciously already. By exploring these feelings and thoughts consciously, you can start to differentiate your fears from reality — something your unconscious mind is incapable of. Give up hope. It's a weak frame of mind. Also, by constantly being aware of the possibility that you could lose all that you cherish at any moment — and will absolutely lose everything you hold dear on a long enough timeline — your gratitude will begin to grow for what you have in the moment. And one more thing… Give up hope. It's a weak frame of mind. Hope just means that you're wishing events will turn in your favor. It gives up responsibility for your life. And it stunts your growth. Instead, set an intention. Challenge yourself to take small steps to obtain that intention. Make mistakes. Follow your instincts. If you're not moving, your stagnant. To recap: If you're serious about changing your life… Think more negative thoughts, imagine dying more, and give up all hope. Your happiness depends on it. Regards, Chris Campbell [Ed. note: This "Tip of the Day" is just a small fraction of what you could be getting out of the FREE Laissez Faire Today e-letter. Each issue is packed full of actionable advice. In fact, today Chris gave his readers and opportunity to get two bottles of delicious, carefully-picked wine -- absolutely FREE. Don't miss out. Click here to sign up for Laissez Faire Today, for FREE, right now.] The post Think Negative Thoughts: The Secret to Living a Happier More Productive Life appeared first on Daily Reckoning. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Death of The Dollar -- Mike Maloney Posted: 11 Nov 2014 06:28 AM PST Dollar Burning In Slow Motion - Mike Maloney Hidden Secrets Of Money is a world-leading educational series that is sponsored by, and also based on the priciples of WealthCycles. It shows the evolution of gold and silver as money, and teaches the historical economic mistakes that all societies... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Silver to S&P Ratio: What It Tells Us Posted: 11 Nov 2014 05:58 AM 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? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| New Currency Wars Cometh - Gold To Be “Last Man Standing†Posted: 11 Nov 2014 05:52 AM PST Currency wars are set to warm up again, after Japan's radical decision to further debase its currency through an intensification of already significant monetary easing. There was a palpable coldness from China's Premier Xi Jinping as he greeted Japan's President Abe at the APEC summit in Beijing. Tensions are normally high between the two countries but are even more so in recent months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Switzerland - Vote Yes on Gold Initiative Posted: 11 Nov 2014 05:37 AM PST On November 30th, the Swiss are voting whether to amend their country's constitution on an initiative entitled 'Save our Swiss Gold.' The Swiss gold initiative appears widely misunderstood, both inside and outside of Switzerland. We discuss implications for gold, the Swiss franc and Switzerland as a whole. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Dow Jones To Gold Ratio: Will 2015 Be The Turning Point? Posted: 11 Nov 2014 05:33 AM PST This article is based on the charts from Sharelynx, courtesy of Nick Laird: We have discussed the Dow Jones to Gold ratio many times before. The first chart below shows the history of the ratio until 2013 (courtesy of Incrementum Liechtenstein). As readers can easily observe, the historical moves have been quite similar and very cyclical in nature.
Is the ratio ready to resume its downtrend? To answer that question, we should look at the charts on a smaller timeframe. Interestingly, by zooming in on the charts, it appears that the comparison between the ongoing period and the 70ies is truly striking. The Dow Jones to Gold ratio experienced a countercyclical period between 1975 & 1976 where it went from a low of approximately 3:1 up to a high of approximately 10:1 before heading down to its final lows of almost 1:1.
Today, we see a similar situation, at least so far. The Dow Jones to Gold ratio had moved to a low of 6:1 in 2011. Since then, the stock market has been going north relentlessly while gold started a downtrend which is lasting 3 years meantime. The current Dow Jones to Gold ratio stands at 15:1, its highest level in since 2007. As the Dow is now at all time highs and gold looks to be looking for a bottom, there is a real chance that the ratio is about to turn in the coming months. If history is about to repeat, the Dow to Gold ratio should continue its downward trend to its lows similar to the 1:1 ratio as in 1980.
Mind that this is not a timing indicator. Even if history will repeat itself, it could be that the turning point is still one year ahead of us. Do not make any timing decision for your investment(s) based on these ratios; they are outstanding in understanding relative value of assets but are no timing indicators.
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| Posted: 11 Nov 2014 05:29 AM PST MUST READS Japan’s Nikkei hits seven-year high – BBC Today's Financial Market Risk-Taking Looks a Lot Like 2006 – WSJ What does an RMB trading hub mean for Canada? – Toronto Star Ukraine’s currency plunges as ceasefire fears grow – Bloomberg Russia ends dollar/euro currency peg, moves to free float – RT News No Sign of Thaw in Obama's Brief Encounters [...] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Banks Continue Their Criminal Activities, Make Sure You Own Physical Metals Posted: 11 Nov 2014 02:40 AM PST Gold prices began this week on a softer note after surging on Friday. The price of the yellow metal snapped a seven-day loss to end sharply higher on Friday, as the price of spot gold rallied by 2.6% or $37 an ounce to close out the week at $1178.50 an ounce. The yellow metal scored its biggest one-day gain in nearly five months, as a retreat in the U.S. dollar and heavy short-covering lifted prices from a 4-1/2-year low. However, at the time of writing, gold prices have given back about half of Friday's gains. Last Friday, a report from the Labour Department showed weaker than expected U.S. job growth in October, although unemployment rate dropped to a new six-year low. The non-farm payroll employment rose by 214,000 jobs in October and the unemployment rate was 5.9%. The dollar slipped after the jobs report was released as investors took profits on the greenback’s months-long rally, which has seen it reach multi-year highs in anticipation of tighter U.S. monetary policy next year. The report also boosted speculation that the Federal Reserve may hold interest rates low amid sluggish global economic growth. Before the report, gold fell to the lowest since 2010 and the dollar touched a five-year high amid expectations for improvements in the labour market. On Thursday, gold prices ended lower for a seventh straight session, on growing speculation about U.S. interest rate hikes on the back of some upbeat economic data, including a report showing a more than expected drop in initial jobless claims. Then, on Friday, prices surged! On Thursday, gold prices ended lower for a seventh straight session, on growing speculation about U.S. interest rate hikes on the back of some upbeat economic data, including a report showing a more than expected drop in initial jobless claims. Then, on Friday, prices surged! This on-going volatility in prices shows the impact traders have on the gold market. By using the paper contracts on Comex, traders can buy and sell huge volumes of gold without ever having to deliver or take delivery. The volumes that they trade do not represent the true quantity in the physical market place. It is simply a speculative play on price, and thus it is important for investors to ignore this volatility or "noise" because it has nothing to do with the real driving factors behind price. Gold came under some selling pressure on Thursday as the dollar extended its gains after the European Central Bank (ECB) President Mario Draghi said the ECB policymakers might use outright quantitative easing if deemed necessary. The ECB Chief offered a downbeat assessment of the Eurozone economy, with risks to the outlook skewed to the downside. He also highlighted geopolitical risks that could dampen confidence. The euro plunged to its lowest in more than two years against the dollar on Thursday after Draghi affirmed his pledge to use unconventional measures to stimulate a sluggish Euro zone economy. He added that the impact of the ECB’s asset-buying program on its balance sheet would be sizable. His remarks, which came after the ECB kept interest rates at a record low of 0.05%, were a green light for investors to sell the euro. When asked if the ECB had an official balance sheet target Draghi replied. "Together with a series of targeted longer-term refinancing operations to be conducted until June 2016, these asset purchases will have a sizeable impact on our balance sheet, which is expected to move toward the dimensions it had at the beginning of 2012." In the press briefing, Draghi said ECB members are all prepared to take more policy action if necessary and the bank’s staff will prepare the groundwork. He reiterated that the risks to the Eurozone’s recovery remained tilted to the downside. JP Morgan Chase & Co made the headlines once again. The bank said it faces a U.S. criminal probe into foreign-exchange dealings and boosted its maximum estimate for "reasonably possible" losses on legal cases to the highest in more than a year. The largest U.S bank reported that it might need as much as $5.9 billion to cover losses beyond reserves for legal matters, up $1.3 billion from the end of June, and the most since since mid-2013. Last year, the bank spent some $23 billion in settlements yet not one banker was prosecuted! Both Citigroup Inc., and Zurich-based UBS AG disclosed last week they also face criminal inquiries by the Justice Department into their foreign-exchange dealings. Citigroup cut third-quarter results to include a $600 million legal charge. Meanwhile, Swiss bank giant UBS (NYSE:UBS), the world's largest private lender, is about to reach a settlement in the year-long global probe into allegations of misconduct at its precious metals trading business, as well as supposed collusion and manipulation in the foreign exchange market. A report by FT.com revealed that the UBS, is just one of the six financial institutions expected to announce an agreement of at least $2.37 billion (£1.5bn) in fines on Wednesday to settle accusations of foreign exchange market rigging with the U.K.'s Financial Conduct Authority (FCA). The other five banks working on the settlement are U.S. banks JP Morgan, Citigroup, Britain’s HSBC, Barclays and Royal Bank of Scotland. So far, close to 35 traders have been suspended or fired by their banks. No individual or institution has so far been accused of any wrongdoing. The precious metals market has come under heavy regulatory scrutiny and allegations of price rigging. BaFin, Germany’s financial regulator has launched a formal investigation into the gold market and is probing Deutsche Bank, one of the former members of a tarnished gold-fix panel that will soon be replaced by an electronic fixing. hat I find astonishing is that while banks are fined for their criminal activities, no one in top management has been prosecuted. And, if an individual wants to deposit cash, he/she is regarded as a criminal. But even worse, these banks are still obliged to conduct Know Your Customer (KYC) when it should be the other way around. It should be customers demanding to know more about the banks activities. But, these banks are not alone. Central bank manipulation of prices and risk taking has become the norm over the last six years. And at the same time, these polices have allowed governments to provide false financial stability and false economic growth. Much of the economic and jobs growth in the United States is artificial growth, with little chance of being sustainable. It is based on the excess money printing of the US Fed which is used to buy assets at fake prices. It will be interesting to see what happens when interest rates are normalized and QE stops. The financial system is fragile, heavily leveraged and reliant upon a continuation of low interest rates. Thus, the appearance of stability and low volatility is also illusory. And, the liars and deceit will continue until a politician or banker is prosecuted. Thus while these banks continue with their criminal activities, make sure you own physical gold and silver stored out of the financial system. While it is impossible to function without a bank account, it is imperative for individuals to do whatever it takes to preserve their wealth. If there is a financial collapse coming, your bank and your government are not going to do a darn thing to save you. And, instead they will destroy your wealth and leave you destitute. This is why it is important to hold both physical gold and silver. Technical pictureThe strong rebound in prices on high volume on Friday has been negated by a move to the downside. Recent lows may be re-tested again, but it is impossible to forecast.
For more information go to: www.lakeshoretrading.co.za
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| If gold in a forest is withdrawn by a wholesaler and no one is around to buy it, does it make the pr Posted: 11 Nov 2014 01:16 AM PST Perth Mint | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Silver to S&P Ratio: What It Tells Us Posted: 10 Nov 2014 11:01 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... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!} |
On November 30th, the Swiss are voting whether to amend their country's constitution on an initiative entitled 'Save our Swiss Gold.' The Swiss gold initiative appears widely misunderstood, both inside and outside of Switzerland. We discuss implications for gold, the Swiss franc and Switzerland as a whole.
There are a lot people in America right now who are under the delusion that the Republican Party will be their savior from the perfect storm of a convergence of catastrophic events like ISIS coming through our Southern border, economic crisis or collapse, a major terrorist attack inside the U.S., skyrocketing food prices, an Ebola pandemic, American troops deployed into the Ukraine region in a conflict with Russia, American troops sent to regions like Iraq and Syria, the prospect of a regional thermonuclear war and the beginnings of World War III, Russia invading Alaska and other remote U.S. regions, the BRIC nations moving to replace the dollar as the defacto world currency and replacing it with a competing world currency, race riots exploding across America, and other crisis events. Anyone of these events alone could trigger martial law and the emergency suspension of the Constitution.
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