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- Gold and silver failing to break out – bearish action in the ascendant
- Ivory Coast’s parliament approves new tax on gold profits
- Centerra faces $152m environmental claim from Kyrgyz govt.
- After a long consolidation, gold is set to make a major move
- Kazakhstan copper, gold output rises in Jan-Nov 2012
- Sell paper silver, avoid new tax rates, wait for drop, buy physical silver=profit !
- All That Glitters Is Not Gold: A Case For Silver
- Slow Velocity of Money Hiding the Devastating Effects of Fed's QE Policies
- Why all the hand wringing?
- Why I Just Said "No" To O
- Can Gold Survive Lack Of Demand In India?
- A Look at Junior Gold Producers
- Can Gold Make Sense If The Dollar Does Not Collapse?
- The SLA Will Pick the Zombie Bankster Corpses Clean!
- If governments confiscate your gold - then what? Part 1/4
- European Flag, Reversal Candlestick in Stocks & PMs
- The FED Buying 85 Million In Bonds Per Month!
- Gold in this age of uncertainty suggests much higher prices ahead
- Gold Standard: The Queen’s visit to the Bank of England underlined once again what a great investment gold can be
- Caption Contest Friday!
- Natural Gas is the Trigger
- No Sheople in the Fatherland: Germans Hoarding Mountains of Gold
- 100oz NTR Bars As Low As 69 Cents Over Spot!!
- Behind the Desperate Gold Rush in Zimbabwe
- Back From Break
- GETTING DOWN TO THE DIRTY ON SILVER MINER PROFITS
- The Queen of England Asks Economists – ‘Why Did Nobody Notice?’
- Tax office jails gold smuggler
- The Grinch That Stole the QE Year-End Rally
- China now world's largest market for silver investment
- Gold price trading just below $1700 as investors look nervously to last year for clues on direction
- Fed Reaction 'Could Be Worrying Sign for Gold'
- Federal Reserve policy risks catastrophic loss of confidence in the dollar
- USAWatchdog: Weekly News Wrap-up 12.14.12
- Bullion’s Price & Big Three Politics
| Gold and silver failing to break out – bearish action in the ascendant Posted: 14 Dec 2012 02:48 PM PST Market's Fed reaction "could be worrying sign for gold" as "bear stance supported by price move". London Gold Market Report Dec14th 2012. |
| Ivory Coast’s parliament approves new tax on gold profits Posted: 14 Dec 2012 02:40 PM PST The law was passed on Thursday as part of a bill modifying the 2012 budget, says Marius Ndri, the director of legislative services for the National Assembly. |
| Centerra faces $152m environmental claim from Kyrgyz govt. Posted: 14 Dec 2012 02:36 PM PST The Canadian miner says it faces $152 million environmental damages claim from the Kyrgyzstan government related to mining at its Kumtor gold project. |
| After a long consolidation, gold is set to make a major move Posted: 14 Dec 2012 11:59 AM PST From Kimble Charting Solutions: A multi-year flag pattern is taking shape in gold, with the bottom of the flag being a seven-year support line. Can you see two images in the picture in the upper left corner in the chart above? Their are two ways to look at a flag/pennant pattern. One thing is for sure... Long gold owners want and need this support line to hold... More on gold:       |
| Kazakhstan copper, gold output rises in Jan-Nov 2012 Posted: 14 Dec 2012 11:59 AM PST Kazakhstan's refined copper and gold output climbed in January-November 2012, data from the State Statistics Agency showed. |
| Sell paper silver, avoid new tax rates, wait for drop, buy physical silver=profit ! Posted: 14 Dec 2012 11:31 AM PST |
| All That Glitters Is Not Gold: A Case For Silver Posted: 14 Dec 2012 11:15 AM PST By Gold and silver are often looked at as two peas in a pod. Both attract investors looking for inflation protection as well as commodity speculators. The respective prices of the SPDR Gold Trust ETF (GLD) and the iShares Silver Trust ETF (SLV) show considerable consistency in the returns. GLD Total Return Price data by YCharts Since the inception of the Silver ETF, the Silver ETF has been up an annualized 15%, while the Gold ETF has been up an annualized 14%. Good returns both especially given the downturn. However, as the chart shows, the Gold ETF has had considerably more volatility. Why is that the case? Gold and silver are fundamentally two very different commodities. The main use of gold is in making jewelry. About 55% of annual gold usage is estimated to be used in jewelry, with India being the largest user of gold (though Complete Story » |
| Slow Velocity of Money Hiding the Devastating Effects of Fed's QE Policies Posted: 14 Dec 2012 11:15 AM PST By SD Contributor AGXIIK: Inflation as we know it is well embedded in this country with annual increases for the last ten years of 8-10%. The Fed will never reveal the truth, necessarily, as the average person would revolt at that thought. With 48 million people on food stamps, able to buy free food with [...]Check out these similar articles: |
| Posted: 14 Dec 2012 11:00 AM PST Where are "we" today? "We" being honest money advocates (disparagingly called Gold bugs) and "today" being fully 10++ years into a bull market for Gold and Silver. I ask the question "where are we" because I cannot remember a time over the last decade where even THE most ardent hard money advocates were as "down" as they are now. When I say down, I really mean down… and it sounds like almost out! But why is this? Is it really that bad or do investors have unrealistic expectations or are they just impatient? Impatient because their common sense tells them each and every day that the metals are trading (on the paper bourses) at fractions of what they are really worth… or what we think they should be worth. Over the last 10 days or so I have received fearful e-mails, I have read many "cautious" articles from Gold advocates, I know that (Mr. Gold) Jim Sinclair was buried with panicky e-mails last week and today on Bill Murphy's site he published what sounded to me like "suicide notes." A fellow named Jack wrote in and basically asked, "Why don't we just give up and do what TPTB want us to? At least we'd have the winds at our backs. Maybe we should just put our money in high yield emerging debt?" Great idea… if you are a good little sheeple! This note to Murph was followed by a guy named Norm whom I know very well. Kathy and I met Norm and his lovely wife Marianne last year at the GATA conference in London, a truly great couple and we have kept in touch since. Norm is a really bright guy. He has done the logic and knows the nuts and bolts of the metals markets about as well as anyone I know. I could not have ever imagined him getting "weak in the knees" as far as Gold, Silver or anything economic or financial for that matter… but… he nearly seconded Jack's fearful motion of hitting the eject button. I am writing this piece (as I have done for nearly 6 years now) to try to put "where we are" in perspective and help those with "suicidal thoughts." I use the word "suicidal" because that is exactly what it is. So you decide "I just can't take it anymore" …and then I ask WHAT in the world do you do with the capital? I mean really, WHERE can you put it other than the precious metals that will survive what is mathematically assured to come? In "AAA" bonds issued by governments that are more broke than their constituents who receive food stamps? In reality, there is NO PLACE on Earth today where you can invest in a "paper" account that is truly AAA rated. NOWHERE, period, end of story because everything is now a "promise to pay" and unless you receive a real and tangible item for trade, you did not receive true settlement. Argue this all you'd like, it is true and we will very soon find out just how true. So, "where are we?" Gold is "up" from the beginning of the last decade over 600%, Silver costs 800% more Dollars to purchase and yes, even those oh so scary and crappy mining stocks as measured by the HUI are a 12 bagger! The world is ending for the Gold bugs! We are LOSING all of our money! We should get out now while we still have enough money to buy a good cup of imported coffee! Do it now, do it yesterday… we're doomed! OK, so a little dramatic I know but I'm trying to make a point here. My point? "We" have already won and cannot lose unless you let the "perception makers" win. Don't get me wrong, these "perception makers" ARE GOOD, very very good as evidenced by how many smart, logical and well grounded investors are ready to do exactly what TPTB want them to, BAIL OUT and sell their insurance. But like I just wrote, where on God's green Earth do you put the capital for safety? To put it in perspective, where could you have put your money and done better than the precious metals over the last decade? There was nowhere and 90% of your choices can't even purchase the same amount of goods that they could back in 2000. That's right, versus real goods, probably 90% + of your paper investment alternatives back then have not even kept up with inflation (so much for Warren Buffett's "productive assets" theory). Stocks, bonds, CD's money markets or what have you did not even keep up with inflation and many are even down in nominal terms. The majority of investors now have less "money" today than they did in 2007. Many (maybe not the majority) have less "money" today than they did back in 1999… …Yet, the Gold community is shivering in their socks, fearful of waking up tomorrow morning because Gold might "go down?" Think, think very hard about "how" you got to the financial position you are in now. Think about what exactly you would want to own next Monday morning were the global markets to not open. Think about where you would put your capital if you made the decision to sell the only insurance that will actually perform and "pay out" in the coming financial trainwreck. Yes, THINK, think logically before you give yourself a heart attack, stroke or a mental breakdown. Use pure math. Use pure logic and ignore your stomach. I personally don't understand the "why" of investors stomachs turning but they are. Please remember, THE biggest rallies in all markets come and begin when sentiment is at its worst, sentiment for whatever reason is as bad as I can ever remember it. We have seen blatant manipulation for years upon years so today is no different other than it is more obvious and the logic as to why you must own precious metals is more clear. We have had bigger corrections, more violent corrections and surely scarier corrections before, what we haven;t had was a correction that has lasted this long without going to a new high. The current "bad attitude" is nothing more than a function of "time" or should I say length of time it is taking to reach new highs in worthless fiat terms. DON'T be scared, don't do anything stupid, don't do anything irrational. RELAX, sit back and know that what you currently sit on means that you have already won the game. Don't lose by panicking and committing your own financial suicide. This is exactly what you'd be doing if you crumble to the perception makers and sell the only insurance that's going to save your butt when "they" lose control of the entire global financial system! Mathematically the end of the current fiat system is coming… know this and you know everything necessary to make correct financial decisions! Regards and relax while holding your insurance. Similar Posts: |
| Why I Just Said "No" To O Posted: 14 Dec 2012 10:57 AM PST By Adam Aloisi: Realty Income's (O) $3 billion dollar planned acquisition of American Realty Capital (ARCT) makes a lot of sense, a lot of sense for Realty Income shareholders, that is. As an ARCT shareholder, I just voted "no" on the planned merger and I encourage other retail owners to do the same. While I agree with ARCT management that the combined entity will be an attractive duo, my fellow shareholders are not receiving enough compensation to give up what is an appealing stand alone entity with attractive income generation and growth prospects in its own right. At a price of $11.77, ARCT is being valued by O at a Price/FFO of about 15.5X and 13.9X FY '12 and '13 expectations. Realty Income is currently valued at about 20X and 17.2X '12 and '13 operating expectations. Further, with total equity of just over $1 billion and Price/book of about 1.8, ARCT currently Complete Story » |
| Can Gold Survive Lack Of Demand In India? Posted: 14 Dec 2012 10:53 AM PST By India consumes about 25% of the world gold demand, and these days it is buying less and less of the yellow metal. India has historically been the country that drove world gold demand even when there was no rush to gold in the Western world. Indians have strong cultural and economic reasons to buy gold. The economic reason is straightforward. Inflation in India has been high for a long time, in the 5-8% range. Gold is therefore seen as a store of value. There are also strong cultural reasons, in that Indian brides are supposed to be gifted gold jewelery. Coupled with the fact that in rural India there are very few financial institutions (though that is changing) and hence fewer opportunities for alternative investments, gold has for a long time been the store of value for Indian families, especially from the rural regions. It helps to note that Complete Story » |
| A Look at Junior Gold Producers Posted: 14 Dec 2012 10:44 AM PST GDX is our favored index or ETF for tracking the gold stocks but it only tracks the large cap unhedged companies. In the world of gold mining and exploration, there are several sub sectors below the largest producers which comprise GDX, the HUI and the XAU. In recent weeks we have charted GDX to death. We know the market has initial support at $46, secondary support at $43 and very strong support at $41. That being said, I wanted to check the junior producers to see if they gave us a different read on the market or if they are in a similar boat as the large producers. Below is a chart from an equal-weighted index we put together. It contains 20 companies which are gold producers. The median market cap is $900M, which is quite large. For the most part, these are the junior producers who were successful from the 2008-2010 bull market. After all, if a junior producer is successful during a cycle, then it's no longer a true junior! The price action in 2012 is remarkably similar to that of GDX. The large gold stocks made a double bottom and then rebounded strongly. Like GDX, the junior producers have shed most of the gains and very well could test those two support levels. There is 10% downside to the first support level and 15% downside to the double bottom support level. The 5% and 50% are breadth indicators (which we discussed last week). They refer to the percentage of the index (20 stocks) which is trading above its 200-day moving average. Currently, the 50% is quite high and shows strong breadth. Even if the index falls another 10%, breadth should remain comfortably higher than at the double bottom. This is what we expect at secondary lows following a major bottom. Ultimately, this is still a very bullish long-term chart provided the market makes another low and resumes its fledgling cyclical bull market. In that case, in 2013 both large and junior producers will attempt to rally through the overhead resistance and retest the 2010-2011 highs. We could see the next major breakout at the end of 2013 or early 2014. Now is the time to be vigilant as large and junior producers are likely to bottom in the coming month. Speculators and investors are advised to carefully seek out the large or small companies which are poised for the best rebound. If you'd be interested in professional guidance in uncovering the producers and explorers poised for big gains then we invite you to learn more about our service. Good Luck! Jordan Roy-Byrne, CMT  |
| Can Gold Make Sense If The Dollar Does Not Collapse? Posted: 14 Dec 2012 10:43 AM PST By Przemyslaw Radomski, CFA: We follow up on our essay on gold and the dollar collapse from December 4, 2012. In that essay, we speculated what could happen with gold if the U.S. defaulted on its debt in real terms. Today, we describe possible scenarios in the opposite case where the greenback is not destroyed in spite of excessive debt. The "imminent" collapse of the dollar has been spoken of for years now. Since 2008 this talk has been fueled largely by consecutive rounds of quantitative easing (QE). With QEs at $2.25 trillion and counting, the number of borrowed dollars is hitting new highs and it's no wonder that the ability of the U.S. to sustain such programs in the future is being questioned. As we discussed in the abovementioned essay, it is possible for the U.S. to default on its obligations. Not default in the technical sense of the word but Complete Story » |
| The SLA Will Pick the Zombie Bankster Corpses Clean! Posted: 14 Dec 2012 10:30 AM PST Submitted by SD reader Cleburne61: Do silver investors honestly think that JPM can cover 150 million+ oz of silver shorts with at least 2 trillion more in QE coming? With all due respect to the skeptics of the SLA, we are participants in this thing. We're not just sitting, cheering on the sidelines. The part [...]Check out these similar articles: |
| If governments confiscate your gold - then what? Part 1/4 Posted: 14 Dec 2012 10:20 AM PST Julian Phillips believes more and more that some governments will confiscate citizens' gold holdings and is covering the why's and wherefores in a series of four articles of which this is the first. |
| European Flag, Reversal Candlestick in Stocks & PMs Posted: 14 Dec 2012 10:10 AM PST The Fed's action is clearly bullish for gold, silver and other precious metals in the long run, but recent developments along with weak correlation between metals and the dollar can keep precious metals bulls awake at night.  |
| The FED Buying 85 Million In Bonds Per Month! Posted: 14 Dec 2012 10:00 AM PST Here is the link to our fourth quarter hard-copy (mailed to our readers who still refuse to use a computer). Andy Hoffman, Bill Holter and I all have articles in this latest edition of our Quarterly Report. Here is what the MSM had to say about yesterday's drop in gold.
For a more accurate analysis, check out the comments from LeMetropole Café. Looks like the short-term oriented funds "sold the news." What idiots! Here, the Fed does the most gold-friendly thing possible and the market sells off. Check the gold price a month from now and you will see the complete folly in this. $84 billion/month in new purchases, all with newly created money equals over one trillion in the next 12 months. This is insanity and it is even more insane that anyone would dump gold after the announcement. Gold won't remain below $1,700 for long. Also, I read that the Indians have ramped up their gold purchases thanks to the low prices – and they are still in the midst of their wedding season. They must be thanking the fools who sold down gold yesterday. _____________________________________ Post Federal Reserve QE4 Analysis with Andy Hoffman "Inflate or Die" In order to understand exactly what happened yesterday, take the time to listen to this great interview the SGTReport.com just released with Andy Hoffman. The FED is literally buying 85 billion in bonds per month! Do the math on this one, the FED is printing $1 trillion in order to keep rates artificially low, distort the bond market, and attempt to spark price inflation. Andy is also an expert on precious metals manipulation, so expect him to walk you through exactly what is going on in the precious metals market. Here is his interview with Sean of the SGT Report recorded literally minutes after the Fed announced "QE4." 12.12.12 – The Day Our Currency Died: Andy Hoffman – PT1 12.12.12 – The Day Our Currency Died: Andy Hoffman – PT2 Check out the graph of gold today vs. one year ago. Gold is now UP $66.40 after being behind for a while. One year ago, gold started a very steep plunge and I don't expect a repeat this year – which is why I expect gold to finish the year at least $150-$175 an ounce higher than the close in 2011. Similar Posts: |
| Gold in this age of uncertainty suggests much higher prices ahead Posted: 14 Dec 2012 09:37 AM PST Excerpt from the writer's recent presentation to the 7th annual China Gold & Precious Metals Summit held in Shanghai at the beginning of the month. |
| Posted: 14 Dec 2012 09:17 AM PST There were no punches pulled during the Queen's recent visit to the Bank of England. Her Majesty laid into what she called the "lax" City workers that had helped to cause the economic crash and a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]           |
| Posted: 14 Dec 2012 09:00 AM PST We thought it was time to bring back the Friday Caption Contest! The 1 oz .999 Silver Bullet Silver Shield Trivium Medallion is available now from SDBullion at only $2.99/oz over spot, ANY QUANTITY! And for those who would like to view the video footage of the Queen's tour of the Bank of [...]Check out these similar articles: |
| Posted: 14 Dec 2012 08:44 AM PST Since September when the dollar began it's pathetic countertrend rally, the CRB has been moving down into its first corrective phase. At this point I think the entire commodity complex is just waiting for the leader to turn. And by leader I mean natural gas.  |
| No Sheople in the Fatherland: Germans Hoarding Mountains of Gold Posted: 14 Dec 2012 08:00 AM PST While the average American likely owns nearly $6,000 in flatscreens, i-phones, and i-pads, the AVERAGE German reportedly owns nearly €6,000 worth of PHYSICAL GOLD! Like Scrooge McDuck or the dragon Smaug in J. R. R. Tolkien's The Hobbit, Germans are gathering vast quantities of gold – a study showed that the average German owns close [...]Check out these similar articles: |
| 100oz NTR Bars As Low As 69 Cents Over Spot!! Posted: 14 Dec 2012 07:33 AM PST Doc's Deal Of The Day 100oz NTR Bars!! As Low As 69 Cents Over Spot!! Click Here Or Call 614-300-1094 To Order!! 5+ Bars Only 69 Cents Over Spot!! 1-4 Bars Only 79 Cents Over Spot!! ANY SILVER PURCHASE OF 100 OUNCES OR MORE WILL EARN YOU 100 SD OUNCES (POINTS) TO REDEEM TOWARDS ITEMS [...]Check out these similar articles: |
| Behind the Desperate Gold Rush in Zimbabwe Posted: 14 Dec 2012 07:10 AM PST |
| Posted: 14 Dec 2012 07:09 AM PST You may have noticed that I was gone all day yesterday. Eleven, full hours with no phone and no internet and it WAS GREAT! So, what did I miss? Silver is all the way back to....where it was a month ago. Oh, no! The sky is falling!!      |
| GETTING DOWN TO THE DIRTY ON SILVER MINER PROFITS Posted: 14 Dec 2012 07:06 AM PST By SD Contributor SRSrocco: A few days ago, I presented a table on the top silver miners COST OF SALES ratio. I have put together another one showing the OPERATING EARNINGS. According to my data, the top 2 in both tables, First Majestic & SilverCorp have the best low cost structure of the bunch. They [...]Check out these similar articles: |
| The Queen of England Asks Economists – ‘Why Did Nobody Notice?’ Posted: 14 Dec 2012 07:04 AM PST Queen Elizabeth II's tour of BOE gold bullion vault shows that she has more sense than most qualified economists at the FSA. Today's AM fix was USD 1,696.50, EUR 1,297.32 and GBP 1,051.38 per ounce. Yesterday's AM fix was USD … Continue reading |
| Tax office jails gold smuggler Posted: 14 Dec 2012 06:42 AM PST The tax office said yesterday that a gold smuggler had been jailed for nine years, after evading £7 million of VAT.  This posting includes an audio/video/photo media file: Download Now |
| The Grinch That Stole the QE Year-End Rally Posted: 14 Dec 2012 06:09 AM PST Friday's precious metals markets opened a tad higher but continued to how their recent lack of energy. Technicians argue that gold needs to remain above a key support near $1,688 lest another $30 decline might be in the cards.  |
| China now world's largest market for silver investment Posted: 14 Dec 2012 05:37 AM PST |
| Gold price trading just below $1700 as investors look nervously to last year for clues on direction Posted: 14 Dec 2012 05:35 AM PST The gold price is trading just below $1700 as we head into the weekend. Yesterday gold managed to briefly trade above $1700 but every-time was beaten back. There seems to be some nervousness in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]       |
| Fed Reaction 'Could Be Worrying Sign for Gold' Posted: 14 Dec 2012 05:02 AM PST Spot market gold prices looked to be headed for a third weekly loss in a row Friday lunchtime in London, after failing to break above $1,700 an ounce, while stocks and US Treasuries were little changed on the day.  |
| Federal Reserve policy risks catastrophic loss of confidence in the dollar Posted: 14 Dec 2012 05:00 AM PST The Federal Reserve confirmed on Wednesday what many expected: that come the end of Operation Twist at the end of this year - the scheme whereby the Fed sells its stock of short-term Treasuries ...  |
| USAWatchdog: Weekly News Wrap-up 12.14.12 Posted: 14 Dec 2012 04:47 AM PST Pure QE, Tax Increases and Spending Cuts, Obama Care Layoffs and More Weekly news wrap-up for 12/14/12. from usawatchdog: ~DF |
| Bullion’s Price & Big Three Politics Posted: 14 Dec 2012 04:38 AM PST Besides the looming US fiscal cliff, the Japanese general election will be an important event to watch. Other events to watch include the US Q3 GDP, the Bank of Japan interest rates decision and the euro-zone December consumer confidence number.  |
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