Gold World News Flash |
- Silver Price Remains in Long-term Downtrend
- Gold Price Awaiting Outcome of Greece Crisis
- MUST HEAR: Texas Gold Repatriation & Its New GOLD-BACKED BANK!! — Texas Rep. Capriglione
- “Absolutely There is a SHORTAGE of Raw Material Silver” — Charles Savoie
- Why NATO Fears 'Grexit'
- For Indians, paper gold can't beat the real thing
- China Crash, Greece Collapse, Harbingers of Stock Market Apocalypse Forecast 2015?
- Gold Market Update
- Grexit: Montenegro, Ecuador or Bulgaria?
- Webster Tarpley : Austerity Psychosis
- U.S. Economy Meltdown : There will be no salvation from this madness
- Gold, silver market analysis that overlooks govt. intervention is a waste of time
- Peter Schiff: The Final Bubble Before Total Collapse
- William Cooper - 'Behold A Pale Horse' (Audio Book 1991)
| Silver Price Remains in Long-term Downtrend Posted: 13 Jul 2015 12:11 AM PDT It's a strange situation - the long-term charts for silver continue to look awful, but there has been a quite dramatic improvement in its COTs, which now look positive, with readings that in the past have consistently lead to rallies. However, this doesn't mean that any rally that develops soon will succeed in breaking silver out of its long downtrend. Silver's 8-year chart shows the as yet unrelenting downtrend from its 2011 highs involving a classic "staircase" decline. On this chart it looks set to drop again, but perhaps after another rally first towards the upper boundary of the downtrend channel. |
| Gold Price Awaiting Outcome of Greece Crisis Posted: 13 Jul 2015 12:08 AM PDT The situation is paradoxical - the charts of just about everything are positioned for a plunge - or a turnaround and limited recovery, which reflects the fact that markets are waiting on some sort of resolution of the standoff with Greece, either Greece walking away, a Grexit, or a fudge solution where Greece accepts defeat and is denied debt relief or it is obfuscated sufficiently for the markets to buy it and this may involve another "can kicking" exercise. While the charts for many commodities look scary, including gold and silver, their COTs now look bullish, which suggests that the fudge solution will be the outcome. |
| MUST HEAR: Texas Gold Repatriation & Its New GOLD-BACKED BANK!! — Texas Rep. Capriglione Posted: 12 Jul 2015 09:55 PM PDT [Ed. Note: To those of you who believe there’s not much we can do to topple the tyranny of the federal government, please pay extra close attention to this one.] from Tru News, via VisionLiberty: Texas Representative Giovanni Capriglione reveals to the Trunews audience a stunning new revelation about the Texas gold depository that will be built soon. |
| “Absolutely There is a SHORTAGE of Raw Material Silver” — Charles Savoie Posted: 12 Jul 2015 09:53 PM PDT by SGT, SGT Report.com:
Let’s think about it for a minute… With record investor demand for silver coins from the US and Royal Canadian Mints, with India hoarding more than 30% of the world’s PHYSICAL silver this year, with a run on physical silver at the SGE, and with new off-the-charts record precious metals derivatives positions on the books at CITI and JPM illustrating their concern, the case for a shortage of PHYSICAL silver probably worldwide, is strong. And our friend Charles Savoie has just about had it with the mainstream mockingbird narrative that all is well behind the scenes. It is not. Charles sent us a great post from the blog at Perth Mint which we will post below, along with a few choice words of his own. Charles writes:
SILVER COIN SHORTAGES, AGAIN. by Perth Mint: The announcement on Tuesday by the US Mint that it had sold out of silver Eagle bullion coins due to a "significant" increase in demand with no orders being taken until August and possible rationing thereafter has resulted in a surge in coin premiums. Kitco reported that premiums "have already posted a 50% increase and pressure for further premium adjustments is expected" as "physical demand for all silver products has soared over the past two days." USAGOLD had already been experiencing strong demand over the past two weeks but "today's [Tuesday's] price drop has encouraged another wave of interest." Gainesville Coins said they were "BUYING American Silver Eagles for more today than we were SELLING them for yesterday!" Silver Doctors has the best summary of the current state of supply and premiums in this post, with 90% junk bags at up to $3.00, Silver Eagles as high as $3.25 (wholesale), a doubling of premiums on silver rounds and bars, and expectations that the Royal Canadian Mint will soon announce a premium hike. Silver Doctors feel that "if any further weakness materializes in the paper futures markets for gold and silver, we are looking at the very real potential of 2008 style physical premiums to acquire precious metals." To put that statement in context, consider the chart below from Sharelynx.com with the current premium increases circled in red.
The current premiums are moving into the 20% of spot range but you can see we have far to go to reach 2008 levels. It is hard to read whether this shortage will be sustained, as the US Mint has not indicated how its blank suppliers are placed and what sort of orders it already had in the pipeline. Unlike The Perth Mint, the US Mint does not manufacture its own blanks, instead sourcing them from others like the Sunshine Mint and The Perth Mint. The US Mint used to produce its own blanks but Edmund Moy, former Director of the US Mint, explains that the decision to stop making its own blanks was "part of the Reagan outsourcing of non-value added to the private sector. Mint's value added is stamping." The outsourcing of blank manufacture is not really the issue as whether one has to source 1000oz bars or blanks, it comes down to forecasting demand and having enough silver bars/blanks in stock to get you over any demand surges. Forecasting can be tricky as demand responds to price and if anyone knew where the price was going with any certainty, they wouldn't be wasting their time making coins and instead be a hugely profitable speculative trader. photo: news.coinupdate.com |
| Posted: 12 Jul 2015 07:35 PM PDT Originally posted at SputnikNews.com, With Greece tottering on the brink of leaving the Eurozone, experts of all stripes have been debating Grexit's security implications, including Athens' relationship with NATO. While naysayers argue that the geopolitics behind Grexit "are actually pretty boring," others warn that the implications for the bloc could be far more serious. Over the past couple of weeks, US and European media have been busy pondering the implications of the Grexit for European security, particularly as it relates to the NATO alliance. Following an initial outburst of panic and alarm about NATO standing to lose its Mediterranean outpost to Moscow before being flooded by immigrants, NATO Secretary General Jeans Stoltenberg urged for calm, noting that the Greeks "have not linked the problems within the European Union and the euro with their strong commitment to NATO," and adding that Athens will remain "a close partner." Influential US news and geopolitical analysis publication Foreign Policy echoed Stoltenberg's tone, brushing off security fears with a recent headline reading "The Geopolitics of a Grexit Are Actually Pretty Boring." The piece, written by former European Council on Foreign Relations Senior Policy Fellow Dimitar Bechev, argues that "those fretting that a Greek departure from the Eurozone will unleash a flood of migrants and send Athens into the arms of a waiting Putin should calm down," noting that "none of this is going to happen." Bechev states out that the "alarmist" arguments over Greece have turned the country, a "peripheral member of the West that accounts for a mere 3 percent of the eurozone's GDP, into a pivotal country." Moreover, dismissing arguments about the country's 'dangerous' "flirtation with Russia," Bechev posits that in actuality, the "Russian gambit," aimed at providing the Syriza-led coalition with "some space to maneuver" in relation to Brussels and Berlin, has "failed to pay off." As far as Greece's geopolitical importance is concerned, Bechev notes that geopolitical considerations have not really given the country "much mileage in the debt talks," adding that "even if Athens wanted to foment trouble –and there are few signs that it does –it has little power to actually do so." Ultimately, according to the analyst, Greece is and will remain unlikely to rock the boat on any of Europe's major security and foreign affairs issues, from anti-Russian sanctions, to the US-EU trade pact, to immigration controls. Trojan Horse, or Weakest Link? But Bechev's calm and level-headed analysis is contradicted by other experts, no less dispassionate and rational than he is, including fellow FP contributor and former NATO commander James Stavridis, who noted in a piece preceding Bechev's that even if the "angry, disaffected and battered nation" remains a NATO member, it could nonetheless become an obstructive one. This, in Stavridis's view, would be a very serious problem for what is ostensibly a consensus-driven organization. According to the former Navy commander, this obstructionism could come to a head when it comes time for the organization to make decisions against perceived threats, including Russia. It could also lead to thorny issues over the use of Greek bases in the Mediterranean, or Athens' participation in NATO military missions. Politico Europe echoes Stavridis's analysis, noting in a recent article that with NATO "rely[ing] on unanimous approval from all 28 members for all major decisions, Greece, especially one shored up with economic reprieve from Russia, could prove to be a major headache for future Alliance maneuvers" to counter Moscow. Furthermore, the publication notes that "NATO's unanimity clause applies not only to deploying military forces, but also to essential day-to-day functions of the Alliance such as arms sales and major political decisions such as invoking Article 4 or 5 of the Washington Treaty to consult and defend fellow allies." Challenging Bechev's argument that Greece could not put a crimp in NATO's plans 'even if it wanted to', numerous analysts have cited Athens' history of obstructing NATO decisions when necessary, from the country's outright withdrawal from the organization's military command structure in the 1970s, following Turkey's invasion of Cyprus, to its condemnation of NATO's 1999 bombing campaign of Yugoslavia, to recent efforts to block NATO-EU cooperation over the Turkey-Cyprus dispute. Moreover, even if Stoltenberg is correct, and an Athens left to its economic fate continues to be NATO's "close partner," its impoverished status would likely leave it NATO's weakest link. As recently noted by The Guardian's John Hooper, while Greece is presently one of the few NATO members which abides by the requirement to spend at least 2 percent of its GDP on defense, the country's economic collapse would not only cripple the country's participation in NATO missions; it would also signal the weakening of the organization's south-eastern flank, while sparking fears of a Russia looking to take military advantage of the situation. Economic Ripple Effects Even if the naysayers are correct, and Moscow shows that it does not have the political will or the financial wherewithal to attempt to pry Greece from NATO's warm embrace, analysts note that the Greek crisis has had, and is likely to continue to have, a knock-on economic effect on European economies. In a recent op-ed for Indian Express, University of Cambridge lecturer and Greek Public Policy Forum member Nikitas Konstantinidis argued that "the chain set off by Grexit" could be "even more painful than events following the Lehman Brothers bankruptcy" in 2008. As a result, Politico Europe notes that if the recession-treading members of the EU were to face further economic shocks resulting from Grexit, this will not "augur well for NATO militaries," shifting "NATO members' focus further away from defense spending." Security Issues Surrounding the Migrant Crisis With Greece turning into one of the main points of entry for tens of thousands of African and Middle Eastern refugees fleeing war and instability across the Mediterranean, analysts warn that Grexit is likely to have a negative impact on this pressing issue as well. And While Bechev's argument that Greece is unlikely to "use migration controls as a weapon in a guerilla war against Europe" stands to reason, this does not mean that economic collapse and the ensuing political and social fallout will have a positive impact on the country's ability to control the flood of immigrants. As Politico Europe points out, the worsened economic situation following Grexit will severely "undercut badly needed funding for Greece's ability to track refugees and retain border security" which in turn "poses a very real danger to NATO members' security, especially as reports begin to filter in of Islamic State fighters slipping into Europe in the wave of refugees. 300 Spartans Ultimately, while some analysts now attempt to downplay Greece's importance in the political, economic and security geography of Europe, others, including Konstantinidis, maintain that the country remains "a core member of some of the world's largest regional blocs." Therefore, "the ramifications of a potential Grexit" are likely to be highly "disproportionate to the country's economic size and geopolitical clout." As far as transatlantic security is concerned, the danger posed by the Grexit is not confined to the questions it raises over Greece's NATO membership, or the security ripple effects caused by the Greek economy's collapse. Grexit's danger lies in the fact that it serves as a symbol of the reversal of transatlantic institutions' fortunes in their attempts to build and maintain a hegemonic political, economic and military order in Europe. |
| For Indians, paper gold can't beat the real thing Posted: 12 Jul 2015 06:38 PM PDT By Rajendra Jadhav MUMBAI, India -- India is meeting stiff resistance in its drive to make the buying of gold jewellery more transparent and to channel demand into paper gold to stop the metal being used to hide billions of dollars of undeclared "black money." The jewellery trade says the Narendra Modi government's plans to trace gold deals is unworkable and won't deter holders of black money, or hundreds of millions of Indians outside the tax net, from buying gold to keep their wealth away from the prying eyes of the authorities. ... Dispatch continues below ... 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: Great prices, quick delivery -- all the time. If the proposals fail, gold inflows will continue unabated in a country that accounts for nearly a fifth of global demand and stymie Modi's effort to create a new asset class that could lure savers and back investments. To track larger gold deals, this year's budget declared that, from June 1, customers would have to disclose their tax code, or Permanent Account Number (PAN), for purchases above 100,000 Indian rupees ($1,580). But jewellers -- many of whom voted for Modi -- have protested, delaying the new rule. "No jeweller will refuse to sell just because the customer doesn't have a PAN card. He will find a way to ensure the customer leaves the store with jewellery," said Bachhraj Bamalwa of the All India Gems and Jewellery Trade Federation. ... Two-thirds of gold demand comes from rural areas where jewellery is a traditional store of wealth. Under Modi, India has opened 160 million new bank accounts but half are idle, suggesting old habits die hard. And, in a country of 1.25 billion people, only 140 million have PAN cards. ... Though the formal notification to enforce the PAN card rule has yet to be issued, jewellers have already found ways to beat it, by issuing many small invoices or writing informal receipts. ... ... For the complete report: http://www.reuters.com/article/2015/07/12/india-gold-idUSL3N0ZN3Z7201507... Join GATA here: New Orleans Investment Conference http://noic2015.eventbrite.com/?aff=gata The Silver Summit and Resource Expo 2015 http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's 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: |
| China Crash, Greece Collapse, Harbingers of Stock Market Apocalypse Forecast 2015? Posted: 12 Jul 2015 06:05 PM PDT Whilst all eyes in the West were on Greece as its marxist Syriza government played game of thrones with the Greek peoples lives as they black mailed the Eurozone, the chinese stock market crashed, collapsing by over $2 trillion into a BEAR MARKET sending over 200 million chinese retail investors into a panic as they got a bitter taste of the dark side of capitalism, of what happens when investors believe the hype that stocks can only go up. We have all seen this play out many times before! |
| Posted: 12 Jul 2015 12:21 PM PDT Clive Maund |
| Grexit: Montenegro, Ecuador or Bulgaria? Posted: 12 Jul 2015 10:19 AM PDT Could Greece adopt the dollar? In truth, Bulgaria, not the greenback, is the better currency model after Grexit. What if the eurozone shows Greece the door? There are claims that the creation of a new currency regime in Greece would be fraught with problems. While the practical, technical problems would be relatively small, the political problems could be daunting. |
| Webster Tarpley : Austerity Psychosis Posted: 12 Jul 2015 09:30 AM PDT Webster Tarpley : Eurogarchs Risk World Banking Panic in Demented Quest for Regime Change in Greece Webster Tarpley - World Crisis Radio - July 11, 201 The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| U.S. Economy Meltdown : There will be no salvation from this madness Posted: 12 Jul 2015 08:30 AM PDT U.S. Economy Meltdown Has Reached New Level as Greece, Puerto Rico, China Shake Markets! Bank runs, bank holidays, and capital controls are now a reality as nations begin to impose them in order to stifle the capital outflows during this ongoing Financial Crisis. Nations find themselves... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Gold, silver market analysis that overlooks govt. intervention is a waste of time Posted: 12 Jul 2015 08:10 AM PDT 11:14a ET Sunday, July 12, 2015 Dear Friend of GATA and Gold: Our friend R.B. wrote yesterday: "What do reckon about this guy who was interviewed by Kitco News last week and predicted $10 silver in 2015?: http://www.kitco.com/news/video/show/Kitco-News/1019/2015-07-10/Theres-S... http://www.kitco.com/news/2015-07-10/When-it-Comes-to-Gold-It-s-Not-Just... "Sincerely, R.B." Your secretary/treasurer replied, for whatever it might have been worth: 1) In the short term -- say, a year out -- government trading in the futures markets can put prices of any commodity and financial instrument wherever government wants to put them. 2) Anyone who purports to analyze commodity and monetary metals markets without reference to intervention by central banks, the biggest players in the markets, is wasting everyone's time or else is a government tool. 3) The same goes for any financial journalist who reports on markets without reference to government intervention. But maybe there is still hope for Kitco News, as last week it also interviewed Rosa Abrantes-Metz, the New York University business school professor who has developed and publicized evidence of manipulation of the gold and silver markets, though her evidence does not seem to have directly cited central banks. That interview is six minutes long and can be viewed at Kitco's Internet site here: http://www.kitco.com/news/video/show/Kitco-News/1018/2015-07-09/First-Go... 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: To invest or learn more, please visit: Join GATA here: New Orleans Investment Conference http://noic2015.eventbrite.com/?aff=gata The Silver Summit and Resource Expo 2015 http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's 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: |
| Peter Schiff: The Final Bubble Before Total Collapse Posted: 12 Jul 2015 06:54 AM PDT Peter Schiff: Collapse of U.S. economy & The Coming Boom In Gold Alex Jones talks with Peter Schiff about what he thinks is coming for America and what he feels will happen once this latest bubble bursts. 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! ]]  |
| William Cooper - 'Behold A Pale Horse' (Audio Book 1991) Posted: 12 Jul 2015 06:48 AM PDT Bill Cooper a man who seemed to know a lot of gov, secrets wonder if that got him killed, 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! ]]  |
While the US Mint cools down their now unplugged coin press machines for the next several weeks, Charles Savoie assures us that demand for PHYSICAL silver has clearly outstripped supply. 
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