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- Gold Price 1180 Sticks Out as a Trading Level
- Strategic Investment Manager Warns Of Worldwide Financial Detonation: The Whole Thing Is Going To Blow
- These junior gold miners are well-positioned for the rebound
- CHART: Silver is closing in on an important ‘buy’ signal
- Seasonal Tendencies for Gold in July 2015
- A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe
- Greece Mattered To Hedge Fund Algos – Retail Sales Starting To Plunge
- Gold Bullion Steady, Volatility Sinks as US Data Weaken, Iran Nuclear Deal Sees Oil Hit 3-Month Low
- Perth Mint Gold, Silver sales rise in June
- “Vaccines” To Genetically Re-Engineer Humans Are Coming; An Ideal Covert-Op?
- Bill Bonner: Its a good time to load up on cash right now… Here’s why
- A Word of Caution
- Had It With Police? Peacekeeper App Can ‘Revolutionize Neighborhood Protection’
- Gold remains under pressure on all fronts at the moment
- The Last Days Of ‘Normal Life’ In America
- “Somebody Big Is Sitting On The Gold Price”
- Guest Post: "Gold and Silver Stand-Off: Demarketing and Deep Value", by Paul Mylchreest
- China to control the gold price, but with physical or paper?
- China’s Stock-Bubble Burst
- China to control the gold price, but with physical or paper?
- Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes
- Greeks Rebel Against Bailout, Risk Collapse
- New Gold contract by MCX to help refiners, exporters, jewellers
- Oil prices plunge as Iran reaches a deal on nuclear program
- Options play: Silver breaks above resistance
- Gold Price Seasonal Tendencies for July 2015
- Gold Prices July 14, 2015, Technical Analysis
- Go for gold stocks and Vietnam not China says Marc Faber
- Comex Gold Futures (GC) Technical Analysis – July 14, 2015 Forecast
- Gold Prices Likely to Remain Range-Bound in Near Term
- Gold Fluctuates Around Weekly PP On Weak Demand
- CHARTS : Gold – Support at $1150 Standing Tall
- 3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap
- Did the US Crash the Chinese Market Because BRICS Launched the New Development Bank?
- The Sinister EU Plot to Assassinate Greek Sovereignty
- Life hack: A neat and dirt-cheap way to strengthen your brain and prevent dementia
- The Texas bullion depository is not a joke
| Gold Price 1180 Sticks Out as a Trading Level Posted: 14 Jul 2015 12:34 PM PDT | ||||||||||||||||
| Posted: 14 Jul 2015 12:00 PM PDT The financial crisis that is taking hold makes it clear that no matter what these institutions do, they cannot control what's to come… Submitted by Mac Slavo, SHTFPlan: The seriousness of the global economic crisis cannot be underestimated. Central banks and their respective governments have gone into overdrive in recent months in an effort […] The post Strategic Investment Manager Warns Of Worldwide Financial Detonation: The Whole Thing Is Going To Blow appeared first on Silver Doctors. | ||||||||||||||||
| These junior gold miners are well-positioned for the rebound Posted: 14 Jul 2015 11:53 AM PDT From J.T. Long, Editor, The Gold Report: Markets are cyclical and even though it feels like the end of the world after years of junior resource stock market declines, history indicates that bear markets are actually an opportunity to own tomorrow’s superstars for pennies on the dollar. In this interview with The Gold Report, market veteran and Exploration Insights author Brent Cook shares his travel stories and the companies he thinks will shine when the sun returns to commodity prices. The Gold Report: You recently wrote a piece in Exploration Insights reminiscing about the 1997 to 2002 resource market. What did we learn about investing in gold and silver in that five-year window? Brent Cook: I first started working for Rick Rule in 1997, just as the last resource bull was dying. The market just kept going down, way below where people thought it could possibly go, and it continued to get worse in 1998, then 1999 and 2000. Eventually it did stop dropping; people started putting money into this sector, and it leveled off. What I learned is that successful investing in a bear market takes patience and caution. When you do make an investment, make sure you’re betting on good people. TGR: One of the things Rick Rule always says is that he’s waiting for capitulation. How can you tell if we’ve had capitulation, and what causes it? BC: I don’t think we’re going to see a capitulation moment; I think it will be more gradual. I see it in my newsletter subscribers. Most of them have been around for a long time, but in the last few months, people who have been with me from the beginning have started falling by the wayside even though we had a 16% gain last year and we are not doing too awfully bad so far this year. They all say they will be back as soon as the market turns. This is what it starts to look like on the bottom. I envision it as a band of pioneers walking across the salt flats in July, one by one dropping to the side. One day, we’ll turn around, look back and notice the hills are starting to get greener. That’s how we’ll know capitulation happened, by looking behind us at the wasteland and desolation we crossed. TGR: Rick also says that bear markets create bull markets. The years 2002 to 2010 were pretty good for the commodity markets and everyone started to look really smart. Are there lessons to be learned from a bull market? BC: There always are. A big one is to take profits along the way and keep some sense of perspective with regards to what a project is actually worth. This is a cyclical business. We go up and down. This has been true going back to the salt traders in early Africa. Supply and demand drive markets. During the last boom, China was building infrastructure and the world was growing. That created a metal shortage, which drove prices way up. That has busted. China’s growth is slowing. I don’t know what’s going to bring the bull market back in commodities this time, but it always comes back and is usually the result of something we were previously unaware of. TGR: How is the wasteland you describe as our current market scenario different than what you went through in 1997 to 2002? BC: There are actually more similarities than differences. In 1998 nearly every economist said gold was antiquated and of no value in the new age. Financial publications all said you would have to be a fool in a tin hat to buy gold. Today, investors and financial publications are shunning this market again, and to some degree with good reason. In the most recent boom, profits barely increased due to increased input costs and the shift to mining lower grade ore. That left a lot of investors who got the commodity price rise right disillusioned with the sector. The metal prices rose but profits didn’t. It is going to take a fair bit of time for previous investors or new investors to see a reason to be in the natural resources market. But it will happen. TGR: Does that hold true both for the retail and the institutional investors? BC: Yes. Retail investors were hammered in the 1997 downturn. The Bre-X scam triggered the realization that everything was overvalued and much of what was being presented was not true. New NI 43-101 requirements were put in place in an effort to provide more transparency for investors. It certainly helped, but the reality is that a technical report is only as good as the data that goes into it and the persons doing the report. I am afraid a lot of these reports are poorly done and do not reflect reality. People must still do their own due diligence and follow results closely. One of the most common problems I see in these reports relates to the resource estimates. A large number of those turned out to be inaccurate, making the financial models based on them wrong. So investors got burned again, this time believing the final mine economics in the report that may have been based on sloppy resource estimates. When a company spends hundreds of millions buying trucks, building mills and excavating rock only to find out the ore in the ground is not what was presented in the resource estimate, it usually loses money. There is a long list of mines that fall into that category. TGR: Who are some of the trustworthy veterans still around putting their experience to work in the market now? BC: Rick Rule, Ross Beaty, Lukas Lundin and Frank Holmes are people I would listen to when they speak. A number of experienced brokers in Vancouver have proved to be smart people. Those people have been through this before and recognize that now is the time to really make money by buying when the market is down. You just have to be patient. TGR: You’ve traveled the world visiting projects. Do things look rosier in other countries? Has the impact of the strong dollar on projects in Canada and Mexico been good for the bottom line? BC: Most certainly. The drop in oil and energy prices, as well as the drop in the Canadian dollar, the Australian dollar, and even the euro, has been an advantage to companies operating in those countries versus in the U.S. We have seen a decrease in operating costs. It is a real advantage to companies mining in Australia and Canada, especially. We have also seen mining companies severely cut back on development, exploration, and even maintenance. This will lead to the next bull market when supply is eventually constrained due to these short-term cost cutting measures. The metal prices are going to have to move up because companies can’t make money right now, and if it isn’t profitable to mine, there will eventually be a shortage. TGR: In your travels, what are some of the companies that are well positioned for a market rebound? BC: I like companies that are fully funded and building a mine. That includes Asanko Gold Inc. (AKG), Guyana Goldfields Inc. (GUY) and Torex Gold Resources Inc. (TXG). They’re well positioned to be in production when the market turns. Further down the line, Dalradian Resources Inc. (DNA), Midas Gold Corp. (MAX) and Continental Gold Inc. (CNL) are drilling out resources that will one day be profitable. TGR: Asanko just announced plans to combine two of its mines in Ghana. Is that about cutting costs? BC: I think it was the plan all along. Because the two deposits are so close together, the cost savings in the capital expenditure (capex) on the second mine are substantial. It always made sense to bring that second deposit in as soon as possible to push up production and profitability without too much extra capex. TGR: The market seemed to like it. BC: Yes. There are very few companies out there building mines in stable places that people can invest in. TGR: Continental just updated its resource estimate on the Buriticá project in Colombia. Did you like what you saw? BC: I did. In the past, I was a bit negative on the company, particularly on the resource estimate because I had some issues with it. The most recent underground sampling pulled together the high-grade center of the deposit. It looks to me that it has enough gold there to really kick off a mine. And the details of what’s happening at depth and along strike will be much better worked out from underground rather than continued drilling. I think it looks pretty good. TGR: Is Guyana Goldfields still on schedule to start production this year? BC: Yes, as far as I know. It appears to be on schedule, on budget and moving ahead. It’s funded, moving toward production. There are not many projects out there that are doing that these days. Funding is tough to come by. TGR: What else have you visited recently? BC: I just got back from Pilot Gold Inc.’s (PLG) TV Tower project in Turkey. This is a great place to explore. A lot of people have the wrong idea about the country because it is in the Middle East and its president is a bit of a wingnut. But overall, it’s a functioning democracy. I’ve taken my family there on holiday and hope to again. It’s a great place to visit. I also think it’s a good place to work. Some 10 mines have been permitted in 10 years, so you can get things done. Pilot Gold has a very prolific area of mineralization and alteration offering epithermal and porphyry-style gold and copper potential. This year, Pilot will spend a fair bit of money to drill some of these more interesting targets and Teck Resources Ltd. (TCK) is contributing 40% to the effort. I’m looking for enough drilling to indicate it is actually on to something large. This is a huge alteration system and big deposits come from big systems. All the ingredients are there. We just need to see the drilling confirm it. I was also just down in French Guiana visiting Columbus Gold Corp.’s (CGT) Paul Isnard project. It’s a joint venture with Nordgold N.V. (NORD), a Russian company listed in London with very profitable gold mines in West Africa. The project has about 4 million ounces all in at about 1.4 grams per ton. There should be a preliminary economic assessment coming out shortly that will give us a ballpark idea of what the costs might be, but there’s still a lot of work to do there. The advantage Columbus has is it’s not spending a dime, and it’s carried for 49% through a feasibility study. It also has a major drill program going at the Eastside project in Nevada. We’ll be watching results on that as well. Richmont Mines Inc. (RIC) is an old company that recently discovered considerably more value beneath its Island Gold deposit in Ontario. It’s been a decent mine, not great, but recent drilling and underground work have discovered mineralization that’s twice as thick and about twice the grade. The advantage is that the mine is already operating. It has the plant. It has the infrastructure. It just needs to dig down and get it. This is one of the companies that a major should be looking to take over. It’s in a safe jurisdiction. It’s built and running. We know what it looks like. This would be extremely profitable once it gets into the higher-grade zone at depth. TGR: Based on what we have learned from the last few cycles, how should investors move forward? BC: Mining and commodities are cyclical. The most money I ever made was from the stocks I bought in the bust between 1997 and 2002. It was extremely hard to do because it was scary. I would buy a stock and then it would drop by half again. You are all alone and the market gives you no encouragement at all. As I said earlier, we are walking across the wasteland in the heat of the day into a dust storm while nearly everyone you know is back at the ranch buying Apple and biotech stocks. I remember I bought Virginia Gold for $1.50, bought it again at $0.75. It had $0.50/share in cash, and at one point, it was selling for $0.35. Over the following decade or so the stock was acquired for $13 and we are still making money on that by way of Osisko Gold Royalties Ltd. (OR). In retrospect, that was a fantastic buy, but at the time, I was close to giving up all hope. I posted an article on my website titled “What was it like, Dad?” that relives that last bust. We are in a similar situation now. People have given up all hope. I suspect most of your readers have no desire to buy another junior exploration company, but there are some companies out there that have the cash to survive, strong management that knows what a deposit looks like and the ability to make those discoveries. If you can buy them for near cash, that’s a screaming deal. TGR: You’re speaking at the Sprott-Stansberry Vancouver Natural Resource Symposium at the end of July. What do you hope attendees will take away from that event? BC: This bouncing along bottom could go for a long time, but this is the time to start identifying the groups, the managements and the projects that really have a chance at succeeding. You can buy them for a lot less now than you will be able to buy them somewhere in the future. My guess is next year things start to look better, but this takes patience. TGR: Thank you for your time. Brent Cook brings more than 30 years of experience to his role as a geologist, consultant and investment adviser. His knowledge spans all areas of the mining business, from the conceptual stage through detailed technical and financial modeling related to mine development and production. Cook’s weekly Exploration Insights newsletter focuses on early discovery, high-reward opportunities, primarily among junior mining and exploration companies. | ||||||||||||||||
| CHART: Silver is closing in on an important ‘buy’ signal Posted: 14 Jul 2015 11:32 AM PDT From Brett Eversole, Analyst, True Wealth Systems: Silver prices are down 68% from their 2011 high. And they’re down 27% over the past year. But one sign shows silver could be on the verge of a double-digit move higher… You might not believe it, but there’s more investor interest in silver right now than at any time in history. And this could lead to double-digit gains in silver over the coming months. Let me explain… Today, we’re looking at one of our favorite sentiment gauges… But we’re looking at it in a new way. I’m specifically talking about the Commitment of Traders (COT) report. The COT shows what real futures traders are doing with their money. You see, when traders all agree on an outcome, the opposite usually happens. Betting against the COT when it hits an extreme level can be a profitable strategy. We usually look at the COT for a specific group of traders… either speculators or hedgers (who work in an industry and use futures to lower business risk). But today’s sentiment extreme comes from the total number of open futures contracts in the silver market… the so-called open interest. Just recently, open interest in silver hit its highest level in history. Take a look…
This extreme alone doesn’t make silver a buy. But what happens next could give us an opportunity… Over the past 15 years, silver has tended to soar when open interest hits a high and then falls. Specifically, silver has moved higher when open interest has hit a six-month high and then has fallen by 15%. Buying after that has led to hefty returns. Here are the details…
Now, open interest is hitting all-time highs as I write. So this isn’t a “buy” yet. Open interest needs to fall 15% before this buy signal triggers.This sentiment extreme led to 18 buy signals over the past 15 years. Silver soared 15.2%, on average, over the next three months… and nearly 40% over the next year. In short, don’t be surprised to see silver prices stay low (or even fall a bit further) before this happens. But once we get our signal, this extreme could give us a great opportunity to own silver. And history shows we could see double-digit returns within just a few months. I’ll be watching it closely. Good investing, Brett Eversole | ||||||||||||||||
| Seasonal Tendencies for Gold in July 2015 Posted: 14 Jul 2015 11:17 AM PDT SunshineProfits | ||||||||||||||||
| A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe Posted: 14 Jul 2015 11:03 AM PDT Last week the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse. These repressive financial measures, which were invented by "Hitler's banker" Hjalmar Schacht in the 1930s, include the closing of banks, limiting cash withdrawals from ATMs to 60 euros ($67) per […] The post A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe appeared first on Silver Doctors. | ||||||||||||||||
| Greece Mattered To Hedge Fund Algos – Retail Sales Starting To Plunge Posted: 14 Jul 2015 11:02 AM PDT GREECE MATTERED… Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics: Dr. Paul Craig Craig Roberts called it three days ago after if become obvious – via the IMF report on Greek debt – that the U.S. had started to flex its muscles in this situation: Victoria Nuland has already paid a visit […] The post Greece Mattered To Hedge Fund Algos – Retail Sales Starting To Plunge appeared first on Silver Doctors. | ||||||||||||||||
| Gold Bullion Steady, Volatility Sinks as US Data Weaken, Iran Nuclear Deal Sees Oil Hit 3-Month Low Posted: 14 Jul 2015 11:01 AM PDT Bullion Vault | ||||||||||||||||
| Perth Mint Gold, Silver sales rise in June Posted: 14 Jul 2015 11:00 AM PDT The Mint's sales of gold coins and gold bars advanced to 31,019 ounces last month, rallying 43.1% from the 21,671 ounces sold in May. However, sales down 21.3% when compared to 39,405 ounces delivered in June 2014. | ||||||||||||||||
| “Vaccines” To Genetically Re-Engineer Humans Are Coming; An Ideal Covert-Op? Posted: 14 Jul 2015 11:00 AM PDT How would you like your children (or you!) injected with a “vaccine” that carries engineered code within a virus that replicates that code and changes your DNA? Move over Aldus Huxley. This ‘Brave New World’ is coming in the very near future, and governments all around the world are slowly rolling out mandatory vaccination laws… […] The post "Vaccines" To Genetically Re-Engineer Humans Are Coming; An Ideal Covert-Op? appeared first on Silver Doctors. | ||||||||||||||||
| Bill Bonner: Its a good time to load up on cash right now… Here’s why Posted: 14 Jul 2015 10:43 AM PDT From Bill Bonner, Chairman, Bonner & Partners: “Cash is king.” So sayeth the Wall Street Journal, reporting on the situation in Greece. The use of cash for everyday transactions has increased 44% in the last two months. A brief update: The Greeks spoke on Sunday. "No," they said. "We don't want the government-spending cuts our creditors are demanding." Then the finance minister resigned, riding off on a motorcycle. Today, the Financial Times reports that the Greeks are to be given one "last chance to avoid crashing out of single currency." Greek output is plunging. The banks are running out of money. And Greeks are lining up at ATMs. The government won't let them take out more than a lousy €60 ($65) a day. That's what happens: When the going gets tough, the feds take your money. That's why cash is king. An Important BreakthroughA fascinating article recently described how ride-sharing app Uber had "solved the major problem of capitalism." What is the problem? "Trust." There are millions of cars on the road. Most of them have four seats, but only one of the seats is usually occupied. And many of these private drivers would be happy to take you where you want to go, for less than what a taxi would charge. But you don't get into those cars. You were told as a child never to get into a stranger's car. You don't know which of them you can trust to take you where you want to go. London's black cabs solve the trust problem with a distinctive design and regulation. Drivers must pass the city's legendary training course, "The Knowledge," to get their license. When you get into a London cab, you have a high level of confidence that you will get where you are going in a professional manner. Uber solves the problem of trust in a different way – with an Internet-based rating system. Riders rate drivers out of five stars. Drivers rate passengers the same way. Both avoid folks with poor ratings. But capitalism made a much bigger breakthrough on the trust front thousands of years ago: It invented cash. Before modern money, transactions weren't based on barter, as most people believe. Instead, they were based on a system of rudimentary credit. Without cash, you could trade only in a small group. And you had to rely on memory to recall who owed what to whom. With the advent of coinage you could trade with people you didn't know. You gave up something. You got something – cash – in return. You could then use this cash to trade for something else later. This invention – money, usually based on gold or silver – was such a breakthrough, it made today's elaborate market economies possible. Trust Is DisappearingBut it's only cash if you can put your hands on it. As the Greeks have just discovered, money in the bank is NOT cash. Cash is what you need when trust breaks down. With cash, you get optionality, as The Black Swan author Nassim Taleb puts it. With cash in your pocket, you can buy a gallon of gasoline or a share in a public company. It's yours. You can do what you want with it. But cash in the bank? You don't know. You have to trust that the system works… that the bank is solvent… and that it will give you back your money when you want it. Trust is rapidly disappearing in Greece. The Germans don't trust the Greeks. The Greeks don't trust the banks. Almost nobody trusts the government. What a great show! And very instructive. Cash is king in China, too. Chinese stocks recently paused after a three-week crash. The government is doing all it can, say the state-run newspapers. But investors are wondering: Can they trust the Chinese feds to stem the bleeding? A Hong Kong-based fund manager is quoted as saying: "I believe the Communist party still has the final say over the stock market, even nowadays." But wait, if government could stop market corrections, why do we ever have them? We don't know. But there are times to trust… and times to distrust. There are times to own financial assets. And there is a time to own cash. This seems like a good time for cash… Regards, Bill Crux note: Bill just released a new video about ATMs running dry and banks shutting their doors. But he's not talking about Greece. He's talking about the U.S. It's a must-see… especially if you don't think that kind of thing can happen here. Watch it now right here. | ||||||||||||||||
| Posted: 14 Jul 2015 09:48 AM PDT A line has clearly been drawn that attempts to keep silver below the old support and "physical floor" level of $15.50. With today's sideways to downward action, now is the time to be cautious. | ||||||||||||||||
| Had It With Police? Peacekeeper App Can ‘Revolutionize Neighborhood Protection’ Posted: 14 Jul 2015 09:20 AM PDT The inventor of an app called Peacekeeper aims to introduce a "disruptive and cutting edge" alternative platform to personal and neighborhood protection that involves notifying trusted "tribe" members during an emergency with the tap of a button. Submitted by Mac Slavo, SHTFPlan: Even with the best intentions and training, police are notorious for being minutes […] The post Had It With Police? Peacekeeper App Can 'Revolutionize Neighborhood Protection' appeared first on Silver Doctors. | ||||||||||||||||
| Gold remains under pressure on all fronts at the moment Posted: 14 Jul 2015 09:01 AM PDT Commodity Trader | ||||||||||||||||
| The Last Days Of ‘Normal Life’ In America Posted: 14 Jul 2015 08:20 AM PDT The debt-fueled prosperity that so many of us take for granted is about to come to a screeching halt, and we are about to enter the hardest times that any of us have ever known. And we are not just talking about economics either. Based on all of the intel and information that we have […] The post The Last Days Of ‘Normal Life’ In America appeared first on Silver Doctors. | ||||||||||||||||
| “Somebody Big Is Sitting On The Gold Price” Posted: 14 Jul 2015 07:30 AM PDT It's pretty clear who the 800 lb. gorilla is in the gold market: Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics: Arabianmoney.net posted a conversation with Ross Norman, who is the CEO of Sharps Pixley, the London-based bullion broker with roots that go back to the late 1770's. What makes this admission […] The post "Somebody Big Is Sitting On The Gold Price" appeared first on Silver Doctors. | ||||||||||||||||
| Guest Post: "Gold and Silver Stand-Off: Demarketing and Deep Value", by Paul Mylchreest Posted: 14 Jul 2015 07:22 AM PDT "The demarketing of gold may be close to running its course as it seems that sellers of paper gold instruments are attempting to induce one more sell-off to fully cover their diminishing short positions. Indeed, signs are emerging that the long Nikkei/short gold trade, which has done so much damage to gold’s price, is becoming problematic." -- Paul Mylchreest | ||||||||||||||||
| China to control the gold price, but with physical or paper? Posted: 14 Jul 2015 07:01 AM PDT Perth Mint | ||||||||||||||||
| Posted: 14 Jul 2015 07:00 AM PDT China's stock bubble has burst, with its stock markets utterly collapsing after rocketing parabolic. The failure of this popular speculative mania has grave implications for the global stock markets. It shatters the universally-believed myth that central banks can nullify normal market cycles. No government has more power over its stock markets than China's, yet not […] The post China's Stock-Bubble Burst appeared first on Silver Doctors. | ||||||||||||||||
| China to control the gold price, but with physical or paper? Posted: 14 Jul 2015 05:49 AM PDT Pierre Lassonde may well be right when he said that "10 years down the road, the Shanghai Gold Exchange (SGE) is likely to determine the gold price, not the COMEX" but will it be a case of "Meet the new boss, Same as the old boss"? http://research.perthmint.com.au/2015/07/14/china-to-control-the-gold-price-but-with-physical-or-paper/ | ||||||||||||||||
| Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes Posted: 14 Jul 2015 05:01 AM PDT gold.ie | ||||||||||||||||
| Greeks Rebel Against Bailout, Risk Collapse Posted: 14 Jul 2015 03:54 AM PDT Greek unions and other groups are mobilizing against the punitive deal tentatively agreed with Greece's creditors. But can they really stand in its way? | ||||||||||||||||
| New Gold contract by MCX to help refiners, exporters, jewellers Posted: 14 Jul 2015 03:27 AM PDT Gold Global is an international price based contract, exclusive of import premium, customs duty, sales tax/VAT, and domestic market premium among others. The contract will be available for trade on the Exchange from Tuesday, July 14, 2015. | ||||||||||||||||
| Oil prices plunge as Iran reaches a deal on nuclear program Posted: 14 Jul 2015 01:35 AM PDT Oil prices tumbled more than a dollar on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness. Iran and six major powers have reached a historic nuclear deal, which will grant Tehran sanctions relief in exchange for curbs on its nuclear program, an Iranian diplomat said on Tuesday. Announcement due A spokeswoman for the European Union said that the foreign ministers of Iran and six major powers will meet for nuclear talks at the United Nations center in Vienna to be followed by a news conference. Brent crude futures dropped over two per cent and more than a dollar to $56.66 a barrel and WTI crude was trading down $1.21 at $50.99. Prices could go a lot lower from here… | ||||||||||||||||
| Options play: Silver breaks above resistance Posted: 14 Jul 2015 01:30 AM PDT resourceinvestor | ||||||||||||||||
| Gold Price Seasonal Tendencies for July 2015 Posted: 14 Jul 2015 01:20 AM PDT marketoracle | ||||||||||||||||
| Gold Prices July 14, 2015, Technical Analysis Posted: 14 Jul 2015 01:20 AM PDT fxempire | ||||||||||||||||
| Go for gold stocks and Vietnam not China says Marc Faber Posted: 14 Jul 2015 01:15 AM PDT Marc Faber says he wouldn’t touch Chinese stocks even after their precipitous decline, instead pushing the investment case for Vietnam equities and gold mining shares. ‘I am a buyer when markets are undervalued and attractive and then I get out relatively early. So we were buyers in China a year ago in June/July of 2014,’ Dr. Faber, the author of the ‘Gloom, Boom and Doom Report’, said, referring to Chinese equities. ‘Now, I don’t think that Chinese stocks are attractive and I would just stand aside.’ Top tips Vietnam is the one country that ’stands out in Asia’, with its strong economic performance and reasonably priced stocks, he said. ‘In Vietnam you could have a similar situation as in China a year ago, where stocks went up very substantially.’ Lastly, he is keen on precious metals, including platinum, silver and gold and their related shares: ‘Gold shares, they may still move somewhat lower, but if you ask me what is good value, the gold mining sector is a depressed sector’… | ||||||||||||||||
| Comex Gold Futures (GC) Technical Analysis – July 14, 2015 Forecast Posted: 14 Jul 2015 01:15 AM PDT fxempire | ||||||||||||||||
| Gold Prices Likely to Remain Range-Bound in Near Term Posted: 14 Jul 2015 12:55 AM PDT dailyforex | ||||||||||||||||
| Gold Fluctuates Around Weekly PP On Weak Demand Posted: 14 Jul 2015 12:05 AM PDT actionforex | ||||||||||||||||
| CHARTS : Gold – Support at $1150 Standing Tall Posted: 13 Jul 2015 11:30 PM PDT marketpulse | ||||||||||||||||
| 3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap Posted: 13 Jul 2015 03:49 PM PDT
So why is this “Greek debt deal” really a German trap? The following are three big reasons… #1 The “Deal” Is Designed To Be Rejected By The Greek Parliament If Germany really wanted to save Greece, they would have already done so. Instead, now they have forced Greek Prime Minister Alexis Tsipras to agree to much, much harsher austerity terms than Greek voters overwhelmingly rejected during the recent referendum by a vote of 61 percent to 39 percent. Tsipras has only been given until Wednesday to pass a whole bunch of new laws, and another week to make another series of major economic changes. The following comes from CNN…
Can Tsipras actually get all this done in such a short amount of time? The Germans are hoping that he can’t. And already, two of Syriza’s coalition partners have publicly declared that they have no intention of voting in favor of this “deal”. The following is from a Bloomberg report…
The terms of the “deal” are not extremely draconian because the Germans want to destroy Greek sovereignty as many are suggesting. Rather, they are designed to provoke an overwhelmingly negative reaction in Greece so that the Greeks will willingly choose to reject the deal and thus be booted out of the euro. And this is what we are seeing. So far, the response of the Greek public toward this deal has been overwhelmingly negative…
On Wednesday, the union for Greek public workers has even called a 24 hour strike to protest this “agreement”…
The Greek government is not guaranteed any money right now. According to Bloomberg, the Greek government must pass all of the laws being imposed upon them by the EU “before Greece can even begin negotiations with creditors to access a third international bailout in five years.” The Germans and their allies are actually hoping that there is a huge backlash in Greece and that Tsipras fails to get this package pushed through the Greek parliament. If that happens, Greece gets ejected from the euro, and Germany doesn’t look like the bad guy. #2 Even If The “Deal” Miraculously Gets Through The Greek Parliament, It May Not Survive Other European Parliaments The Greek parliament is not the only legislative body that must approve this new deal. The German and Finnish parliaments (among others) must also approve it. According to USA Today, it is being projected that the German and Finnish parliaments will probably vote on this new deal on Thursday or Friday…
Either Germany or Finland could kill the entire “deal” with a single “no” vote. Finnish Finance Minister Alexander Stubb has already stated that Finland “cannot agree” with a new bailout for Greece, and it is highly questionable whether or not the German parliament will give it approval. I think that the Germans and their allies would much prefer for the Greeks to reject the deal and walk away, but it may come down to one of these parliaments drawing a line in the sand. #3 The Deal Makes Implementation Extraordinarily Difficult If Greece fails to live up to each and every one of the extremely draconian measures demanded in the “deal”, they will be booted from the eurozone. And if you take a look at what is being demanded of them, it is extremely unrealistic. Here is just one example…
Where in the world is the Greek government going to find 50 billion euros worth of assets at this point? The Greek government is flat broke and the banks are insolvent. But if they don’t find 50 billion euros worth of assets, they have violated the agreement and they get booted. This whole thing is about setting up Greece for failure so that there is a legal excuse to boot them out of the euro. And it actually almost happened very early on Monday morning. The following comes from Business Insider…
For the moment, Greece has supposedly been “saved”. But anyone that believes that this crisis is “over” is just being delusional. The Germans and their allies have successfully lured the Greek government into a trap. Thanks to Tsipras, they have been handed a legal framework for getting rid of Greece. All they have to do now is wait for just the right moment to spring the trap, and it might just happen a lot sooner than a lot of people may think. The post 3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap appeared first on The Economic Collapse. | ||||||||||||||||
| Did the US Crash the Chinese Market Because BRICS Launched the New Development Bank? Posted: 13 Jul 2015 03:17 PM PDT As a response to the launch of the New Asian Development Bank, the economic war that the US has been waging appears to have taken a new turn. Using speculation of an economic decline in China as a psychological weapon and market manipulation, Washington's reaction to the steps taken by Beijing and Moscow to curb […] The post Did the US Crash the Chinese Market Because BRICS Launched the New Development Bank? appeared first on Silver Doctors. | ||||||||||||||||
| The Sinister EU Plot to Assassinate Greek Sovereignty Posted: 13 Jul 2015 02:20 PM PDT In a week where "glitches" froze all Dow Jones securities trading for roughly 2/3 of an entire trading day, and Beijing pointlessly kept clamping down on anyone suddenly wishing to extricate their capital from perhaps the most short-term, over-bought stock market index on the planet…things in Greece have continued to go from bad, to worse, to horrifying. […] The post The Sinister EU Plot to Assassinate Greek Sovereignty appeared first on Silver Doctors. | ||||||||||||||||
| Life hack: A neat and dirt-cheap way to strengthen your brain and prevent dementia Posted: 13 Jul 2015 12:30 PM PDT From Dr. David Eifrig, MD, MBA, Editor, Retirement Millionaire: Keep your brain healthy by going back to school. Many studies have shown that keeping your brain active helps prevent dementia. One study out of the University of California Irvine demonstrated that structured learning in adults activated a substance called the brain-derived neurotrophic factor (BDNF). This molecule helps the signaling cells in your brain to grow. According to the study’s lead scientist Lulu Chen, “The findings confirm a critical relationship between learning and brain growth.” What’s more impressive is that BDNF plays a critical role in forming memories and can even help preserve your brain later in life. Another study in 2013 demonstrated that reading and writing preserve memory. The participants who actively engaged in reading and writing tasks scored significantly higher on memory tests every year over the course of six years. People who didn’t participate in mental activities like reading and writing had a 48% faster rate of mental decline. Here’s a neat and dirt-cheap way to strengthen your brain and protect against dementia… Many of the top universities in the world are now offering completely free classes on the Internet. You can learn from professors at Harvard, Johns Hopkins, and even overseas universities like the University of Edinburgh. If you’re interested in a particular topic, you can probably find a class about it. You can use these classes to learn a new language too – engaging in a second language helps fight off dementia. We recommend checking for classes on websites like Coursera.org, edX.org, and Canvas Network (Canvas.net). Learn more about what interests you to keep your mind young and healthy. Here's to our health, wealth, and a great retirement, Dr. David Eifrig Jr., MD, MBA P.S. You can find hundreds more of my favorite "life hacks" like the ones I've mentioned above in my new Big Book of Retirement Secrets… Things like how to get paid to watch TV and eat potato chips… how to get free silver from the U.S. banking system… and even how to get free health care and prescriptions. You can get all the details right here. Recommended Links
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| The Texas bullion depository is not a joke Posted: 13 Jul 2015 08:01 AM PDT Perth Mint | ||||||||||||||||
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