Gold World News Flash |
- Timing the Gold Bull
- Worst Case Scenario: Hurricane Sandy Is The Biggest Storm Ever To Hit The Northeast
- Embry: East loves discounted gold; Turk: Foreign gold vaulting is control over Germany
- Do you know what a ‘crack-up boom’ is? You should.
- There will be Panic into Gold: Doug Casey
- STORM SURGE
- Turk - Central Banks Now Scrambling For Physical Gold
- Why Gold and Silver will Ultimately Prove to be the Best Safe Haven Assets in the Coming Financial Storm
- Gold Seeker Closing Report: Gold and Silver End Slightly Lower
- Commodity Technical Analysis: Gold Sits on 1700
- Time to Pull the Lever – On Gold
- $43 Trillion dollar lawsuit awaits Obama White House and banks
- This China News Supports Higher Silver Prices in 2013
- The Gold Price Might Head Lower but Hurricane Sandy Has Closed Markets Reopening Wednesday
- An American View of Brazil’s Economic Future
- Britain is also the center for global central bank gold leasing fraud
- Ranting Andy–Obama-Romney-What’s The Difference 29.Oct.12
- Triple Lutz Report–Silver Summit Wrap Up–Episode 215
- Orko Silver–Major Silver Property Is Actively Being Shopped
- Peter Megaw of Mag Silver–Finding A World Class Resource Is Better Than S-X 26.Oct.12
- QE3 – Pay Attention If You Are in the Real Estate Market
- Embry - Truth Exposed About Missing Central Bank Gold
- The Silver Circle Is Released–The War Against The Fed Begins 29.Oct.12
- OpenCurrency And Chris Duane Win Big On The New Silver Bullet Silver Shield Medallion 26.Oct.12
- Ron Hera–The Contrarian’s Contrarian 26.Oct.12
- Gold down on economic worry, volume light due to storm
- Chinese currency plays complex, crucial role in U.S. economy
- Geologist Merrill McHenry Keeps His Eye on the Guerrero Gold Belt
- Sandy for Stimulus
- A Silver Lining For When Currency Dies
| Posted: 30 Oct 2012 09:00 AM PDT The question of when gold's long awaited ascent will happen is not without precedence. A similar question is still being asked by the Jews concerning the appearance of the Messiah. Prediction has always been an inexact science.
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| Worst Case Scenario: Hurricane Sandy Is The Biggest Storm Ever To Hit The Northeast Posted: 29 Oct 2012 11:45 PM PDT from The Economic Collapse Blog:
Read More @ TheEconomicCollpaseBlog.com
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| Embry: East loves discounted gold; Turk: Foreign gold vaulting is control over Germany Posted: 29 Oct 2012 11:37 PM PDT 1:30a ET Tuesday, October 30, 2012 Dear Friend of GATA and Gold: The Western central bank gold price suppression conspiracy will make the LIBOR rigging conspiracy look small, Sprott Asset Management's John Embry tells King World News. He adds that Eastern central banks are growing to love the gold price takedowns so they can acquire more metal at a discount. An excerpt from Embry's interview has been posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/29_E... Meanwhile GoldMoney founder James Turk says the foreign vaulting of Germany's gold reserves is likely remains a form of reparations for World War II, meant to deny the reconstituted nation enough sovereignty to make war again. Gold reserve repatriation, Turk adds, likely will be an upward force in the gold market for some time. An excerpt from Turk's interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/30_T... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Opinion Around the World Is Changing When Deutschebank calls gold "good money" and paper "bad money". ... http://www.gata.org/node/11765 When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ... http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan... When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ... http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan... When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ... http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold... When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ... World opinion is changing in favor of gold. How can you learn why and what it will mean to you? Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard." Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him." To buy a copy of "The True Gold Standard," please visit: http://www.thegoldstandardnow.com/publications/the-true-gold-standard Join GATA here: Vancouver Resource Investment Conference * * * 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: ADVERTISEMENT Fred Goldstein and Tim Murphy open All Pro Gold Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and Tim@allprogold.com, Fred at 602-799-8378 and Fred@allprogold.com. Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at http://www.allprogold.com/.
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| Do you know what a ‘crack-up boom’ is? You should. Posted: 29 Oct 2012 11:30 PM PDT by David Schectman, MilesFranklin.com:
Technically speaking, gold has formed a "teacup with handle" formation and that is a very bullish formation. We are now in the process of developing the "handle" and the next major move should be up. The last time we had this particular formation was in 2008 and gold shot up dramatically from that point forward. There is much written about the destructive monetary policies of the Federal Reserve and their policy of QE to Infinity. But how many of you know that the issues we face today were predicted long ago by famed Austrian economist Ludwig von Mises (1881-1973)?
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| There will be Panic into Gold: Doug Casey Posted: 29 Oct 2012 11:10 PM PDT from KitcoNews:
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| Posted: 29 Oct 2012 10:12 PM PDT BREAKING NEWS: All the German gold has been lost in the storm…   
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| Turk - Central Banks Now Scrambling For Physical Gold Posted: 29 Oct 2012 10:01 PM PDT  Today James Turk told King World News, "... we have seen an ongoing scramble to turn paper-gold into physical metal. But here's the important point, this scramble for physical metal has grown because it has now moved from the hedge fund community to central banks."Here is what Turk had to say: "The situation concerning Germany's gold reserves is receiving increasing attention, Eric, which is a good thing because gold reserves are one of the pillars underlying any country's sovereignty."
This posting includes an audio/video/photo media file: Download Now |
| Posted: 29 Oct 2012 10:00 PM PDT by Peter Cooper, Arabian Money: Suddenly the calm is over and the storm is upon us, at least in the North West USA if not yet in financial markets. That said the trouble brewing in those markets looks about to turn into a once-in-100-year storm too. US political instability is a frightening prospect but that looms large with a very close race for the White House and uncertainty over the composition of the legislature after the elections on November 6th. The automatic austerity of the US 'fiscal cliff' on January 1st is far from being automatically avoided and markets loathe this sort of uncertainty.
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| Gold Seeker Closing Report: Gold and Silver End Slightly Lower Posted: 29 Oct 2012 10:00 PM PDT Gold fell $6.05 to $1705.95 by about noon EST, but it then rallied back higher in afternoon trade and ended with a loss of just 0.18%. Silver slipped to as low as $31.65 by a little after 8AM EST before it also bounced back higher at times, but it still ended with a loss of 0.97%.
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| Commodity Technical Analysis: Gold Sits on 1700 Posted: 29 Oct 2012 09:55 PM PDT courtesy of DailyFX.com October 29, 2012 12:03 PM Daily Bars Chart Prepared by Jamie Saettele, CMT Commodity Observations: “Gold is nearing potentially strong support from the 38.2 retracement of the rally from 1522.50 at 1691.40 and 9/7 low at 1689.05. The decline from the top would consist of 2 equal legs at 1685.63 (also the 9/3 low).” Commodity Trading Strategy Implications: 1685-1691 is a level to consider longs LEVELS: 1646 1677 1685/91 1714 1730 1753...
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| Time to Pull the Lever – On Gold Posted: 29 Oct 2012 09:00 PM PDT by Alena Mikhan, Casey Research:
Gold closed at $1,716 per ounce last Friday, almost $80 below the peak of $1,791.75 it reached three weeks ago. The drop was widely attributed to continuing global economic uncertainty and speculators taking profits – which means the experts have no idea what really happened. We don't try to second-guess short-term fluctuations here at Casey Research, but instead keep our focus on the bigger picture. In the greater scheme of things, a 4.2% decline is not a significant drop for gold; for a savvy investor, it's another chance to buy bullion cheaper. We're not alone in thinking that way: Reuters reports that gold holdings of metal-backed exchange-traded funds grew over this period. There are indications that Indians preparing for their festival season pushed demand higher as well.
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| $43 Trillion dollar lawsuit awaits Obama White House and banks Posted: 29 Oct 2012 08:44 PM PDT by Doc Vega, Now Public:
Major players in the Obama White House have been targeted in a law suit by Spire Law Group who is responsible for recovering 43 trillion in laundered funds and racketeering that has been linked to major banks, crony capitalists, and government officials. This scheme based in New York will be party to the biggest federal government lawsuit in history. The government will attempt to recover 43 trillion in taxpayer's funds disbursed during the 2009 bailout that totaled 787 billion to supposedly save the US financial markets from a massive collapse while funding infrastructure projects though out the US such as roads and bridges that were badly in need of repairs, yet only 6% of the money was ever used for such purposes. Corrupt bailout evidence never acted upon: As many such as Rush Limbaugh had charged, the massive bailouts used for AIG, General Motors, Chrysler Corporation, a number of banks, even broadcasting companies, was apparently disbursed for other clandestine purposes such as slush funds for Democrat election campaigns. Yet, that's not all. A slick operation that didn't plan on getting caught: Plaintiffs have now identified a number of individuals who were running a racketeering enterprise linked to the following individuals, who participated in and profited from the illegally deposited money.
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| This China News Supports Higher Silver Prices in 2013 Posted: 29 Oct 2012 08:30 PM PDT By Deborah Baratz, Resource Investor:
A new report this week by the Beijing Antaike Information Development Co, an information center on the Chinese metals and industries markets, provided some good news for silver prices. According to the company, analysts forecast China's silver demand to increase as much as 10% in 2013 from investors looking to preserve their wealth. In an Oct. 22 Bloomberg News interview, Shi Heqing, an analyst at Beijing Antaike, said silver's demand could increase to 7,700 metric tons next year after incurring a 6% to 8% rise in 2012. Where's the demand for silver coming from? Around 33% is from jewelry and coins, with the remainder in industrial use for photography, solar and electrical appliances, said Antaike analysts. This is a record level for Chinese silver demand – and good news for silver investors since China is the world's second-biggest user of the metal. Read More @ ResourceInvestor.com
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| The Gold Price Might Head Lower but Hurricane Sandy Has Closed Markets Reopening Wednesday Posted: 29 Oct 2012 05:16 PM PDT Gold Price Close Today : 1711.80 Change : 0.90 or 0.05% Silver Price Close Today : 0.319 Change : -0.135 or -29.75% Gold Silver Ratio Today : 5370.353 Change : 1599.774 or 42.43% Silver Gold Ratio Today : 0.00019 Change : -0.000079 or -29.79% Platinum Price Close Today : 1536.80 Change : -7.50 or -0.49% Palladium Price Close Today : 591.70 Change : -3.90 or -0.65% S&P 500 : 1,411.94 Change : -1.03 or -0.07% Dow In GOLD$ : $158.28 Change : $ -0.02 or -0.02% Dow in GOLD oz : 7.657 Change : -0.001 or -0.02% Dow in SILVER oz : 41,120.66 Change : 12,242.03 or 42.39% Dow Industrial : 13,107.21 Change : 3.53 or 0.03% US Dollar Index : 80.23 Change : 0.146 or 0.18% Hurricane Sandy closed down things in New York, so the prices you see below for stocks are from Friday. They settled the Comex by averaging the prices from 9:14 a.m. through 9:15 a.m., so the GOLD PRICE and SILVER PRICE don't represent anything really. Current prices are based on worldwide prices. However, the dollar index rose today to 80.231, up 14.9 basis points. If it continues in that direction, we might yet see lower lows in the silver and GOLD PRICE. I will go ahead and buy at $1,690-ish, using that as a trigger to buy both silver and gold. Only reason I would not do that is if they were just waterfalling lower instead of inching down. If they did that, I'd just step back and wait to see where they settle. Markets are supposed to be closed again tomorrow, so it will be Wednesday before we have a clue about further direction. Pray for those poor people in the path of the storm. I have five sons and two daughters. Over the weekend the wife of the son who lives in Colorado died in a single car accident. She was 36. I would deeply appreciate your prayers for him and my family. We do not yet know when the funeral will take place between this week and next, but I want to let y'all know that here sometime soon I will be away for a few days. Lord have mercy on us. Christ have mercy on us. Lord have mercy on us. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com 1-888-218-9226 10:00am-5:00pm CST, Monday-Friday © 2012, 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or 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. No, I don't.  
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| An American View of Brazil’s Economic Future Posted: 29 Oct 2012 05:08 PM PDT Here's the english version of an inspirational piece prepared for my fellow countrymen and women in Brazil… – When I was a teenager living in the United States (about 14 years ago), I visited Brazil for the first time. During the trip to my father's country, I met family members I never met before, ate delicious churrasco and coxinha, and fell in love for the first time; and her name was gold. I received a gold bracelet as a gift from a cousin, and the sparkling yellow and orange blend triggered in my heart what American's call, "gold fever"–which is an irrational addiction to all things gold. That addiction only grew when I returned home, manifesting itself into new relationships, experiences, and it has ultimately, brought me back to Brazil–with the conviction that Brazil has a golden economic future, one that if prepared for properly, can provide the next generation with far higher standards of living than what are experienced today. Returning home to Boston from my initial visit to Vitoria, I began investing in both gold and silver. My family thought it was strange and uncommon for a teenager to so this, but I loved it. I started with coins and as the years passed, began learning about gold and silver mining companies–the groups who search for the metals in the ground and remove them for a profit. Around 2008, I decided to leave the bleachers and step out on to the field–I began calling the most successful mining companies and investors in the world, to ask them questions about investing. The telephone calls turned into interviews, which I then produced into online radio shows. What I discovered after speaking with founders of billion dollar companies and investors who manage hundreds of millions of dollars of capital–is that there is a worldwide rush going on today, to secure and extract natural resources from the ground. This includes gold, silver, oil, gas, and agricultural commodities. The most exciting part I discovered, is that Brazil, my father's wonderful country, is at the center of this rush for resources –and not only are the world's most successful investors looking to invest in those "in the ground" resources, but they're looking to invest in the country of Brazil in a number of other ways as well. When looking at resource and commodity businesses, one might not think they're very exciting—one might even consider them to be boring! However, the fact that major pools of money have been moving into these areas for investment may potentially mean very exciting things. Firstly, "a rising tide lifts all boats." Capital moving into a town or city pushes up land prices, and if the capital is put into productive use, it can create many jobs. Property price increases benefit property owners more than laborers initially, however, the greater need and opportunity is in the successful "attraction" of money by human resource talent. Simply put, foreign investors cannot survive in Brazilian markets without local partners–individuals skilled at managing and protecting assets, and treating money as the special golden goose that it is. For example, I recently had the opportunity to interview a legendary investor based in England, named Ian Watson. Watson is a former executive committee member of Burns Fry Ltd.–which assimilated into BMO Nesbitt Burns, a Canadian banking and money management firm which handles over $538 billion in assets. During the interview, Watson explained that Genagro, an agricultural company to which he directs, recently invested $189 million dollars in the development of cerrado in Western Bahia. However, he needed an outstanding Brazilian leader for the company, and had to conduct an exhaustive national search using a head hunting firm. He ultimately, "Found a manager which met all of our criteria," he told me. When asked about the brightest areas for future growth and return on investment, Watson remarked, "There are two industries that are exceptional both short and long term–gold mining and agriculture." In regards to Brazil's agricultural production capacity, he added that, "Brazil has the potential to supply the demand for protein that's being driven by the Asian market. Brazil has more potential to do that than any other country in the world." Watson's investment into Bahia also attracted the attention of other legendary Western investors, such as Jim Slater, and Jim Rogers–who co-founded the Quantum Fund with Billionaire George Soros. Soros is also investing in Brazilian agricultural projects, through publically traded company, Adecoagro. In a recent interview I conducted with legendary Canadian money manager Don Coxe, Global Portfolio Strategy Advisor to BMO, Coxe also commented on the agricultural story, adding that, "In a space of three decades, roughly two billion people [Asia and other emerging markets] in this world are going to move from poverty and subsistence, to a middle-class type society. It's never been done on a scale like this before, I'm glad to be alive to see it happen, because historians 20,000 years from now will be writing about this. The interesting thing is that commodities are the way in which you can best measure all of that, because these people need more commodities to progress." Coxe further added that this middle-class emergence led by China will result in a "commodities boom", the type in which, "All [commodity]prices go up—gold prices go up, copper prices go up, wheat prices go up, corn prices go up, and of particular interest to us, soybean prices go up." Now why should all this be of interest to Brazilians? Because Brazil produces a significant and growing portion of the world's commodity and agricultural supply. According to the Secretaria de Comercio Exterior, Brazil's total exports since 2002 have increased from US $60.4 billion, to over US $256 billion in 2011—which is more than a 400% increase! This number should be expected to continue higher in the future as new projects come online and national production increases. While many Brazilians still dream of going to the Unites States of America, the "land of opportunity", one Canadian billionaire is urging the opposite for North American youth. Tommy Humphreys, a friend and financial journalist located in Vancouver, Canada, recently interviewed Kevin O'Leary, a star from the hit U.S. business TV program, "Shark Tank". During the interview, O'Leary recommended that young Westerners should, "Get on a plane and go to Brazil," due to his expectation of high Brazilian economic growth in the years ahead. O'Learly's capital management firm has been allocating significant funds into Brazilian electrical utilities, due to their, "High yield and low debt leverage" characteristics, and he is overall very optimistic about the future of Brazil. So now that an optimistic case on Brazil's economic future has been laid on the table, backed by action and opinion by major investors and industry builders worldwide–what do we do about it? How do we participate in this future without letting the golden goose slip from our hands? In my opinion there are two strategies: the first is to prepare through philosophy, and second, to prepare through action. When I speak of preparing through philosophy, I simply mean one thing: Excellence–excellence in thought, excellent in communication, excellence in speech, and excellent in attitude. By focusing on excellence and becoming our best, we will attract the best people, the highest salaries, the best opportunities, and ultimately, the best quality of life. Late American motivational speaker and business philosopher Jim Rohn said, "Success is not to be pursued; it is to be attracted by the person you become." So how do we execute on a philosophy of excellence? By simple following another of Rohn's teachings, which says, "Work harder on yourself, than you do on your job." This means taking the extra class, learning the extra language, and developing within yourself, the persistence needed to attract world-class people and opportunities. The next important step is to translate this thinking and action into strategy. I feel there are two major areas in which people can stand directly in front of where the greatest quantities of money will be flowing: employment in commodity and commodity supporting businesses, as well as assisting in the packaging and preparation of assets which may be acquired by foreign individuals and entities. The specific positions and varieties of employment opportunities are too numerous to point out here, but all we need to do today is open the newspaper to find out, because we're already waist-deep into this historical change and opportunity. The simplest way in my opinion to reap the greatest of today's and tomorrow's economic opportunities, will be to embrace a philosophy of excellence, combined with action and strategy. The most exciting aspect of all, is visualizing the "New Brazil" which will be created for the youth of the future. Many of the world's great capitalists investing here won't be able to see and taste the ultimate sweet fruit of their labor –but rather, the next generation of Brazilians will enjoy a more prosperous country, a higher standard of living, and an even more abundant future–as long as we begin preparing for it today.
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| Britain is also the center for global central bank gold leasing fraud Posted: 29 Oct 2012 04:37 PM PDT Turk – 15,000 Tons Of Western Central Bank Gold Is Gone 
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| Ranting Andy–Obama-Romney-What’s The Difference 29.Oct.12 Posted: 29 Oct 2012 04:29 PM PDT www.FinancialSurvivalNetwork.com presents The election is in just a week. The perfect storm is going to hit the East Coast today and the Economic Perfect Storm is coming right after the election. While the elites have kept the markets in near perfect check during the past 6 months, it appears that economic fundamentals are beginning to assert themselves and this is not a positive outcome for the stock market or the economy as a whole. Which is why purchasing gold, silver and food is essential to you and your family's well-being. All three are readily available now. They are in plentiful supply, but who knows how long that will last for? The time to buy is now. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets 
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| Triple Lutz Report–Silver Summit Wrap Up–Episode 215 Posted: 29 Oct 2012 04:28 PM PDT www.FinancialSurvivalNetwork.com presents We finally made it back from the Spokane Silver Summit. One of the best conferences of all time. We totally enjoyed ourselves. If you're ever in Spokane be sure to go to Churchill's Steakhouse, one of the country's best. So many of you were there and thanks for saying hello. Next year we hope to see even more of you. And also, checkout the Davenport Hotel. It is a gem, built largely by silver money, and has been meticulously restored. Great service, reasonable rates and incredible food, paradise to FSN. Make sure you call send us an email and sign up for the newsletter. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets 
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| Orko Silver–Major Silver Property Is Actively Being Shopped Posted: 29 Oct 2012 04:28 PM PDT www.FinancialSurvivalNetwork.com presents Orko Silver seemed to hold so much hope for substantial returns. They were in a joint venture with Pan American Silver and the future looked bright. After all, Pan American had spent over $18 million dollars on their resource. But then the unthinkable occurred, Pan American walked away. Orko's stock collapsed overnight and so did their prospects. We must confess to owning this stock. But now, Orko is back and they're actively seeking to be acquired. According to management, serious negotiations are underway, which could lead to large returns. Will this merely be another disappointment, or will the their hopes be fulfilled this time out? Stay tuned! Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets 
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| Peter Megaw of Mag Silver–Finding A World Class Resource Is Better Than S-X 26.Oct.12 Posted: 29 Oct 2012 04:27 PM PDT www.FinancialSurvivalNetwork.com presents Peter Megaw is a geologist and has spent the past 25 years on the hunt for large precious metals resources. In his role at Mag Silver, it appears that he might just have found the mother load. They've got two potential world class projects ready to start production in Mexico. And the world is starting to take notice. The stock just hit a 52 week high, in spite of the recent precious metals' price instability. No wonder why Peter's spending more time at the mining camp than in the bedroom. Because as he said, finding and developing a world class mine can be better than sex! Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets 
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| QE3 – Pay Attention If You Are in the Real Estate Market Posted: 29 Oct 2012 03:00 PM PDT With QE3, we are essentially being bought out with our own money…and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation. |
| Embry - Truth Exposed About Missing Central Bank Gold Posted: 29 Oct 2012 02:50 PM PDT  Today John Embry told King World News, "I firmly believe that if you look at all of the Western central banks, and the gold they allegedly own, I believe a significant portion of that is not in their vaults." Embry also stated, "So they can say all they want, but in the end the truth will be revealed by the lack of physical gold in the market as they run out of enough gold to keep the price under control." Embry also predicted, "The revelation of this central bank conspiracy will make the Libor scandal pale in comparison." But first, here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say about missing central bank gold: "Well I'm glad that some light is being shed on this publicly. This has been a contention of the Gold Anti-Trust Action Committee for years, that a lot of the central bank gold is not in the vaults. Gold ownership has changed hands as it's been swapped, leased and what have you. I think this is very important that this is coming to light."
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| The Silver Circle Is Released–The War Against The Fed Begins 29.Oct.12 Posted: 29 Oct 2012 02:43 PM PDT www.FinancialSurvivalNetwork.com presents We've been telling you about the Silver Circle Movie for over a year. Finally, it's been released and it has exceeded everyone's expectations. Set in 2016, the US is completely dominated by the Federal Reserve. From the economic life to social experience, life begins and ends at the Fed. However, there's a group of rebels who are trying to put an end to this form of modern slavery. They produce Silver Circles, an alternative to the ever depreciating fiat currency the Fed lavishes upon the populace. Every conspiracy theory is equally depicted here, from Chemtrails to precious metals confiscation, none are excluded. There's also a love angle and cause for widespread hope. You don't want to miss this production by Pasha Roberts, former MIT Quant and movie producer. He and Megan Duffield, along with the rest of the crew, have outdone themselves. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets 
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| OpenCurrency And Chris Duane Win Big On The New Silver Bullet Silver Shield Medallion 26.Oct.12 Posted: 29 Oct 2012 02:41 PM PDT www.FinancialSurvivalNetwork.com presents Gus Demos has long been an advocate of competing currencies. When he urged Chris Duane to design a coin for Chris's web followers, he had no idea what he was about to unleash. In a little over a month, they've sold over 50,000 of these attractive 1 ounce silver coin. They've also made a point that silver is really money and that thousands of people are willing to put their fiat money where their mouths are. This is obviously the start of a much larger trend and we're going to see a lot more from this group. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets 
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| Ron Hera–The Contrarian’s Contrarian 26.Oct.12 Posted: 29 Oct 2012 02:39 PM PDT www.FinancialSurvivalNetwork.com presents Ron Hera is a close friend of FSN. He's one of the brightest mining stock analysts and economic commentators out there. He's postulating a new theory, mainly that after four years of near economic collapse, there's not going to be one. Hyperinflation remains a theoretical concept and the government will simply keep steeling our wealth, indefinitely. His theory follows that as long as the rest of the world is willing to engage in mutually assured currency debasement, gold and silver will go up, but the system will continue on unabated. We do take issue with some of the theory, but believe in the final analysis that n government can avoid economic reality or the will of its people. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets 
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| Gold down on economic worry, volume light due to storm Posted: 29 Oct 2012 02:33 PM PDT 29-Oct (Reuters) — Gold edged lower on Monday on worries about the global economy, and trading was far below normal as a monster hurricane began battering the U.S. East Coast and exchanges were shut in New York. …Last week, gold declined for the third straight week due to a string of lackluster U.S. economic data and uncertainty over the future of U.S. Federal Reserve stimulus. It was gold's first three-week decline in more than a year. Hurricane Sandy, which forecasters said could be the largest to hit the mainland in U.S. history, led to the first weather-related shutdown of U.S. stock markets in 27 years. Wall Street will remain shut through Tuesday. Bullion could stay rangebound in the near term due uncertainty about the outcome of the November 6 U.S. elections, with most polls showing a deadlock between President Barack Obama and Republican challenger Mitt Romney. [source]
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| Chinese currency plays complex, crucial role in U.S. economy Posted: 29 Oct 2012 02:23 PM PDT 29-Oct (Chicago Sun Times) — The Chinese currency has taken center stage in some of the economic policy debates leading up to the election. That is because of the perception that China is the source of all our jobs woes as their economy continues to grow at a rate four times as fast as ours. The theory is that by keeping their currency artificially "cheap" against the dollar, it encourages America to import more goods from China — while encouraging job growth there to make all those products. But this discussion of the Chinese currency leads to some interesting revelations of our general ignorance about Chinese currency, and our trading relationship… … Both political parties have been critical of Chinese currency policies, which have facilitated cheap imports into the United States, and which subsidize manufacturing in China. Early in the Obama administration, there were strident calls to "do something" about the weak Chinese currency. And now Mitt Romney has said he would label China as a "currency manipulator" and act to raise tariffs on imports of Chinese goods into America. It is ironic that these calls would come just as the RMB is growing stronger against the U.S. dollar. But it is even more ironic that both parties seem to be demonizing China in this election. After all, many of the dollars we send to China are used by their central bank to buy U.S. Treasury securities — helping us to fund America's budget deficits at low-interest rates. In fact, China now owns roughly $1 trillion of our $16 trillion national debt. If they stopped buying — or didn't earn the dollars that they use to buy our debt — the United States might have to attract other buyers of our debt by raising our interest rates. [source] PG View: For better or worse, we seem to have a ready and willing buyer of the Federal debt in our own central bank…
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| Geologist Merrill McHenry Keeps His Eye on the Guerrero Gold Belt Posted: 29 Oct 2012 01:54 PM PDT The Gold Report: Merrill, speaking as a geologist, what makes the Guerrero Gold Belt in Mexico so highly prospective for gold and silver mineralization? Merrill McHenry: Two words: plate tectonics. Two tectonic events in that area of sufficient scale to create an entire region filled with gold mineralization. In more detailed terms, the Chortis plate, which was about the size of Colorado, impacted the western side of southern Mexico. The first event, about 140 million years ago, created "laramide" north-south extensional faults. That was followed, about 70 million years later, by a strike-slip to the southeast. As the strike-slip slipped and subducted under the southern portion—what is today Guerrero State—it rotated many of those north-south transitional faults and shear zones into roughly 40-degree and other angles, creating a chimney effect, which brought the mineralization, in liquid form, much closer to the surface. In geological terms, this is called a metasomatic transfer. Th...
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| Posted: 29 Oct 2012 01:32 PM PDT Markets are closed this afternoon. Maybe tomorrow too. There's a storm a brewin'. Investors must have been wondering how long the good weather would last…how long it could last. Stocks have been on the up and up since March of 2008, the nadir of the crisis. They've doubled from then 'till now. A 100% increase in four and a half years. And yet, looking around, things don't seem to be twice as good now as they were then. The average American's wage didn't double between the Beijing and London Olympics. Productivity didn't increase by 100% either. Nor is the workforce of today twice the size of the 2008 workforce. What then, aside from stocks, has doubled since those panicky days of four years ago? Student debt has been on a rampage recently, ticking over the $1 trillion (not a typo) in outstanding loans milestone earlier this year. But even that hasn't doubled since 2008. What about national debt? The debt clock first rolled over the $10 trillion (also not a typo) during Obama's first year in office. Since then it's blown out to $16.2 trillion. A terrifying increase, to be sure…but still not a 100% increase. (Though we're assured the republicrats are working hard to meet that goal.) Oh wait! Here's something…the food stamp line! From roughly 26 million participants back in 2008 to nearly 47 million today, the government's SNAP program is very close to doubling in size. And, according to Obama's Secretary of Agriculture Tom Vilsack, that's something to be very proud of indeed. "I should point out," Vilsack said in an interview last month, "when you talk about the SNAP program or the food stamp program, you have to recognize that it's also an economic stimulus. Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity. If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It's the most direct stimulus you can get in the economy during these tough times." Vilsack's "logic" is eerily similar to the permanently-startled Nancy Pelosi, who infamously characterized unemployment benefits as "one of the biggest stimuluses (sic) to our economy. Economists will tell you, this money is spent quickly. It injects demand into the economy, and it's job creating. It creates jobs faster than almost any other initiative you can name." So there you have it. According to the politicos, a bull market in unemployment and food stamp program participation is actually good for the economy. A real Keynesian bonanza. We can only imagine the stimulus the coming hurricane will deliver to the eastern seaboard when it makes landfall sometime today. So never mind battening down the hatches, Fellow Reckoners. It's time to open the shutters and put your valuables out in the street, right in the path of destruction. The recovery hurricane is on its way, bringing with it wealth and abundance, one broken window at a time. Regards, Joel Bowman Sandy for Stimulus appeared in the Daily Reckoning. Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter.       
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| A Silver Lining For When Currency Dies Posted: 29 Oct 2012 12:18 PM PDT The global economy seems to be on a one way path to eventual destruction as interest continues to accumulate on the massive word-wide debt. Budget and trade deficits keep growing, but unfortunately without an engine for real and sustainable growth.
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The biggest storm to ever hit the northeast United States is creating a tremendous amount of havoc up and down the eastern seaboard. It is hard to describe how gigantic this storm actually is. From end to end, Hurricane Sandy is more than 1000 miles across. It is twice the size of the state of Texas, and meteorologists are calling this storm a "
Last week gold and silver had to withstand the usual bullion bank assault that occurs during option expiration on the Comex. The largest concentration of open strikes was at $1,700 for gold and $32 for silver. Although they managed to knock gold below $1,700 for a brief period, it closed on Friday at $1,711.10 and silver held at $32.09. There are only three settlement days left in October and we expect resistance at $1,725.
The wheels of justice grind slowly but they do grind after all.
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