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- Of algorithmic trading and gold and silver price manipulation
- The future for gold and the companies to benefit most
- Jim Sinclair: System Will Collapse When Goldman Decides to Pull the Plug on Confidence in the US Dollar
- Silver To Explode Past All Time High
- U.S. Secret Service Bans Certain Gold and Silver Coins On eBay
- Silver ready to catch up with 32 years of price suppression and break the $50 all-time high of 1980
- An Afghan Mystery: Why Are Large Shipments of Gold Leaving the Country?
- A Potential Gem For Investors As Vista Gold Is Now Far Undervalued
- New Studies Create Buzz Over Bee Plague Antidotes
- The Cusp of a New Price Era for Gold & Silver
- A Look at Junior Gold Producers
- Are stock markets about to go over the fiscal cliff with a Black Christmas for Wall Street?
- Picks and pans for 2013 from the bond king Bill Gross
- Gold & Silver COT Report 12/15/12: Commercials Cover 3 Million Ounces of Naked Silver Shorts
- Technical Trades Of the Week – SPX, Dollar, Nat Gas
- Jeff Berwick: The Global Escape Hatch
- Mark Thomas: In 2013 Silver Will Be on Steroids
- Ronald Stoeferle On This Week’s Counterintuitive Gold Price Action
- Financial Innovation: A Risky Business? Blythe Masters Defends Derivatives at Columbia Debate
- Jim Sinclair: What is a CIGA?
- Getting Coal in Your Stocking May Be Exactly What You Want
| Of algorithmic trading and gold and silver price manipulation Posted: 16 Dec 2012 01:07 PM PST How algorithmic trading is being used to manipulate the silver and gold markets by inducing shakeouts in weak long positions. |
| The future for gold and the companies to benefit most Posted: 16 Dec 2012 12:01 PM PST There are a huge number of factors all pointing to a disparity between gold exploration and production in the years ahead which make the right gold junior investment a real potential moneyspinner. |
| Posted: 16 Dec 2012 10:59 AM PST The legendary Jim Sinclair sent an email alert to subscribers this weekend, warning that dollar based entitlement payments will be reduced to nearly meaningless levels on a single day, and that the result will also solve the health care cost crisis in the US, by accelerating the attrition of pensioners and removing the most sick [...]Check out these similar articles: |
| Silver To Explode Past All Time High Posted: 16 Dec 2012 10:28 AM PST Peter Cooper was interviewed by Arabian money. Peter said silver will explode, not if, but when. When Peter was asked what he forecasts for silver this year – his reply was, I expect it to break $50 an ounce maybe stay there a bit with some pullback there after. from 102196543: ~DF |
| U.S. Secret Service Bans Certain Gold and Silver Coins On eBay Posted: 16 Dec 2012 09:26 AM PST "Real is fake and fake is real. That's pretty much the monetary world that we live in now as we are coerced to trade and pay taxes in the designated and one 'legitimate' State currency. Certainly, the U.S. Secret Service … Continue reading |
| Silver ready to catch up with 32 years of price suppression and break the $50 all-time high of 1980 Posted: 16 Dec 2012 09:00 AM PST ArabianMoney's Peter Cooper goes down to the Sharjah Gold Souk with Sandra Mergulhao from MyDubaiMyCity to investigate the silver market and finds traders forecasting a 30 per cent price hike for 2013 after a disappointing 15 per cent over the past 12 months. Is this the year silver will catch up with 32 years of [...]Check out these similar articles: |
| An Afghan Mystery: Why Are Large Shipments of Gold Leaving the Country? Posted: 16 Dec 2012 07:03 AM PST The NY Times really can't answer this question? :4_1_72: An Afghan Mystery: Why Are Large Shipments of Gold Leaving the Country?  Zalmai for The New York TimesA Kabul jewelry shop. Officials are concerned about gold being flown out of Afghanistan. By MATTHEW ROSENBERG Published: December 15, 2012 KABUL, Afghanistan — Packed into hand luggage and tucked into jacket pockets, roughly hewed bars of gold are being flown out of Kabul with increasing regularity, confounding Afghan and American officials who fear money launderers have found a new way to spirit funds from the country. Most of the gold is being carried on commercial flights destined for Dubai, according to airport security reports and officials. The amounts carried by single couriers are often heavy enough that passengers flying from Kabul to the Persian Gulf emirate would be well advised to heed warnings about the danger of bags falling from overhead compartments. One courier, for instance, carried nearly 60 pounds of gold bars, each about the size of an iPhone, aboard an early morning flight in mid-October, according to an airport security report. The load was worth more than $1.5 million. The gold is fully declared and legal to fly. Some, if not most, is legitimately being sent by gold dealers seeking to have old and damaged jewelry refashioned into new pieces by skilled craftsmen in the Persian Gulf, said Afghan officials and gold dealers. But gold dealers in Kabul and current and former Kabul airport officials say there has been a surge in shipments since early summer. The talk of a growing exodus of gold from Afghanistan has been spreading among the business community here, and in recent weeks has caught the attention of Afghan and American officials. The officials are now puzzling over the origin of the gold — very little is mined in Afghanistan, although larger mines are planned — and why so much appears to be heading for Dubai. "We are investigating it, and if we find this is a way of laundering money, we will intervene," said Noorullah Delawari, the governor of Afghanistan's central bank. Yet he acknowledged that there were more questions than answers at this point. "I don't know where so much gold would come from, unless you can tell me something about it," he said in an interview. Or, as a European official who tracks the Afghan economy put it, "new mysteries abound" as the war appears to be drawing to a close. Figuring out what precisely is happening in the Afghan economy remains as confounding as ever. Nearly 90 percent of the financial activity takes place outside formal banks. Written contracts are the exception, receipts are rare and statistics are often unreliable. Money laundering is commonplace, say Western and Afghan officials. As a result, with the gold, "right now you're stuck in that situation we usually are: is there something bad going on here or is this just the Afghan way of commerce?" said a senior American official who tracks illicit financial networks. There is reason to be suspicious: the gold shipments track with the far larger problem of cash smuggling. For years, flights have left Kabul almost every day carrying thick wads of bank notes — dollars, euros, Norwegian kroner, Saudi Arabian riyals and other currencies — stuffed into suitcases, packed into boxes and shrink-wrapped onto pallets. At one point, cash was even being hidden in food trays aboard now-defunct Pamir Airways flights to Dubai. Last year alone, Afghanistan's central bank says, roughly $4.5 billion in cash was spirited out through the airport. Efforts to stanch the flow have had limited impact, and concerns about money laundering persist, according to a report released last week by the United States Special Inspector General for Afghanistan Reconstruction. The unimpeded "bulk cash flows raise the risk of money laundering and bulk cash smuggling — tools often used to finance terrorist, narcotics and other illicit operations," the report said. The cash, and now the gold, is most often taken to Dubai, where officials are known for asking few questions. Many wealthy Afghans park their money and families in the emirate, and gold dealers say more middle-class Afghans are sending money and gold — seen as a safeguard against economic ruin — to Dubai as talk of a postwar economic collapse grows louder. But given Dubai's reputation as a haven for laundered money, an Afghan official said that the "obvious suspicion" is that at least some of the apparent growth in gold shipments to Dubai is tied to the myriad illicit activities — opium smuggling, corruption, Taliban taxation schemes — that have come to define Afghanistan's economy. There are also indications that Iran could be dipping into the Afghan gold trade. It is already buying up dollars and euros here to circumvent American and European sanctions, and it may be using gold for the same purpose. Yahya, a dealer in Kabul, said other gold traders were helping Iran buy the precious metal here. Payment was being made in oil or with Iranian rials, which readily circulate in western Afghanistan. The Afghan dealers are then taking it to Dubai, where the gold is sold for dollars. The money is then moved to China, where it was used to buy needed goods or simply funneled back to Iran, said Yahya, who like many Afghans uses a single name. He declined to name those involved in aiding Iran. But Western officials said his description of how the process worked tracked with their knowledge of money laundering networks that operate in Afghanistan and the surrounding region. Before officials can say whether the gold shipments are part of an illicit financial scheme, though, they first have to figure out how much gold is going out — or, for that matter, coming in. It is a task easier said than done. The Finance Ministry, which is supposed to collect taxes on each shipment, did not have figures, said Wahidullah Tawhidi, a spokesman for the ministry. He suggested that the Commerce Ministry would know. The Commerce Ministry did not, and officials there said it would be best to contact airport customs officials. At the airport, a reluctant customs official, who spoke only on the condition of anonymity, brushed aside concerns that there had been an uptick in gold shipments out of Afghanistan. He then ended the conversation with the cryptic promise to one day share "the real story of what is happening to the gold." M.Y. Rassuli, the president of the airport, said shipments had begun increasing over the summer. He said that he could not offer specifics because he deals with operations, not customs. But he expressed frustration about the problem. "If it's 5 kilograms or 500 kilograms, that's not a normal thing to transfer," he said in an interview. "This is why Afghanistan is No. 1 in corruption." Without knowledge of how much gold is leaving, it is impossible to calculate the value of the trade. But airport security forms that cover the last two weeks of October indicate about 560 pounds, worth about $14 million, were carried by hand out of Afghanistan during that period. That is a princely sum in one of the world's 10 poorest countries. But it is perhaps a measure of the current state of affairs in Afghanistan that seemingly no one — not Afghan bank regulators, not American investigators of illicit financing, not European economic experts — found it particularly surprising that gold appears to have joined bank notes in the skies over Afghanistan. The addition of gold to the flight of cash from the country, the Afghan official said, only proves that "if it is a thing that has value and we can put it in our pocket, some of us are going to fly away with it." http://www.nytimes.com/2012/12/16/wo..._20121216&_r=0 |
| A Potential Gem For Investors As Vista Gold Is Now Far Undervalued Posted: 16 Dec 2012 07:02 AM PST By As many of my readers know, gold and silver have pulled back significantly from their recent highs hit on October 4th this year. Gold and silver rose significantly following global central bank actions in August and September. Traders are continuing to take profits as the fear of a capital gains tax hike rises from the stalled fiscal cliff negotiations in Washington. At the time of this writing, the most popular gold and silver ETFs, the SPDR Gold Trust (GLD) and the iShares Silver Trust (SLV) are down 4.4% and 6.9% in the last three months, respectively. The ETFs that track the miners of these metals such as the Market Vectors Gold Miners ETF (GDX) and the Market Vectors Junior Gold Miners ETF (GDXJ), are down even further in the last three months compared to the metals they produce, losing 14.1% and 14.3%, respectively. In Complete Story » |
| New Studies Create Buzz Over Bee Plague Antidotes Posted: 16 Dec 2012 06:00 AM PST By For the last six years, mass disappearances of honeybees around the world have stumped scientists and governments alike. But during 2012, a flurry of new studies has shed light on the mystery and may help promote commercial solutions to the global epidemic. Colony collapse disorder (CCD) threatens to dramatically deplete the world's bee population, which underpins the global food chain. Dozens of crops, from asparagus to watermelon, rely on honeybee pollination to thrive. In the US alone, bees play a role in $14 billion worth of agricultural production each year, according to the Congressional Research Service. With such high stakes, it's no wonder that governments have been pouring money into research aimed at solving the riddle. Yet until recently, there hasn't been a convincing solution on the market, perhaps because the underlying causes remained unclear. That may be changing. Theories abound as to why entire communities of Complete Story » |
| The Cusp of a New Price Era for Gold & Silver Posted: 16 Dec 2012 05:00 AM PST Submitted by Morris Hubbartt: Once the neckline on the dollar index chart breaks, a target of 73 will be activated, and gold should begin to rally aggressively. The general attitude from Wall Street about the gold bull market is disbelief and denial. From the standpoint of contrary opinion, this viewpoint is bullish for the precious [...]Check out these similar articles: |
| A Look at Junior Gold Producers Posted: 15 Dec 2012 11:28 PM PST The Daily Gold |
| Are stock markets about to go over the fiscal cliff with a Black Christmas for Wall Street? Posted: 15 Dec 2012 10:37 PM PST This should be the season of office parties and long lunches on Wall Street but this year the US 'fiscal cliff' negotiations make it impossible to turn off the mobile phone. It has been generally assumed that nobody would actually want to jump off the cliff and that this game of chicken would not result in actual casualties. However as the moment of impact comes close there are going to be some anxious moments. Is it worth investors sitting tight or should they be moving to the sidelines just in case? Rogue Santa Far be it for ArabianMoney to turn party pooper and point out that the S&P's three year rally could be due for a reversal. We would rather nominate our old friend Dr. Marc Faber as the contrarian answer to Santa Klaus. The world's top rated pundit (click here) is calling for a 20 per cent or more correction in the S&P 500, and for good measure has been recently talking about a 20-30 per cent contagion sell-off in the emerging markets which he has been so successful in tipping in 2012. The US 'fiscal cliff' certainly has the ingredient required to form a market top. It's imbued market participants with complacency and reduced market volatility. It's given them confidence that the Fed can deliver good times in all circumstances. How quickly 2008-9 is forgotten, the Fed did not prevent the global financial crash happening. QEII Central banks do have their limitations. During Her Majesty Queen Elizabeth II's tour of the Bank of England gold vaults last week her consort Prince Phillip asked officials whether another financial storm was coming and warned them not to allow it. As if they would have permitted 2008-9 if they had had any real say in the matter! Mr.Bernanke is equally powerless. Indeed he has told Congress that if the fiscal cliff happens then he cannot completely offest the consequences for the economy. This is politicians playing with fire and somebody could well get burnt, and having just been re-elected it will not be them. At the end of last week US stocks failed to catch light when Chinese equities enjoyed a sudden pop, and fell back. Is the stage being set for a Black Christmas on Wall Street? |
| Picks and pans for 2013 from the bond king Bill Gross Posted: 15 Dec 2012 09:44 PM PST The world's most famous bond investor, Bill Gross from Pimco is turning his back on long-dated country bonds in the US, UK and Germany for 2013, high-yield bonds and just as controversially hates bank and insurance stocks. His picks for 2013 are: commodities like oil and gold, inflation-protected bonds, high-quality municipal bonds and non-dollar related stocks in the emerging markets. Mr. Gross has gotten himself into trouble in the past by being too bearish too soon on T-bonds but this former professional poker player has won far more often than he has lost. New normal 'Political leaders there should have studied the historical evidence presented by Carmen Reinhart and Ken Rogoff in a critically important paper titled, 'Growth in a Time of Debt', he warns. 'They conclude that for the past 200 years, once a country exceeded a 90 per cent debt/GDP ratio, economic growth slowed by nearly two per cent for both developed and developing nations for an average duration of nearly a decade… 'In addition to sovereign debt levels which were the primary focus of the Reinhart/Rogoff studies, it is clear that financial institutions and households face similar growth headwinds. The former needs to raise equity via retained earnings and the latter to increase savings in order to stabilize family balance sheets.' In his year-end report Mr. Gross also notes that the positive impact of globalization on the world economy is slowing down with China, and that technology may be creating structurally higher unemployment with jobs done by machines rather than men. Demographics are also against us with an ageing global population. He tilts his hat at US energy independence on the horizon though not yet a reality, a possible cyclical upturn in US housing and unforeseen productivity breakthroughs. But this is not enough to offset the downward pressures, and he makes this analysis without referencing the recession in the European Union and Japan in 2013. Inflation hedges Therefore for Bill Gross 2013 is a retreat into inflation hedges to try to profit from the Fed's easy money stance. That means shying away from the US dollar and US bonds and going for gold and oil and emerging market stocks not priced in US dollars which presumably means the BRICS. As ever timing is the awkward part of this cogent analysis. A major correction to US stocks is overdue according to many analysts and in that environment all emerging market equities could see an even bigger plunge very soon. Commodities would also feel the initial down-pull and bonds would surely benefit in the sell-off. Still for a 2013 forecast to be correct you only need to be right by the end of the year, and on that reckoning Mr. Gross may keep his reputation intact. |
| Gold & Silver COT Report 12/15/12: Commercials Cover 3 Million Ounces of Naked Silver Shorts Posted: 15 Dec 2012 06:46 PM PST By SD Contributor Marshall Swing: Gold & Silver COT Report 12/15/12 In silver, Commercials added 1,105 longs on the week and 514 shorts to end the week with 48.19% of all open interest, an increase of 0.45% in their share since last week, and now stand as a group at 289,615,000 ounces net short, which [...]Check out these similar articles: |
| Technical Trades Of the Week – SPX, Dollar, Nat Gas Posted: 15 Dec 2012 03:05 PM PST GoldandOilGuy |
| Jeff Berwick: The Global Escape Hatch Posted: 15 Dec 2012 01:51 PM PST Jeff Berwick, The Dollar Vigilante, reports in from the beach in Acapulco Mexico in an exclusive interview with Bobby Casey of The Global Escape Hatch Topics include: from thedollarvigilante: ~DF |
| Mark Thomas: In 2013 Silver Will Be on Steroids Posted: 15 Dec 2012 01:29 PM PST John Manfreda of Wall Street for Main Street interviewed Mark Thomas of Silverpriceadvisor about this upcoming year in Silver, his bearish views of Japan and his new strategy involving the Yen, QE4 and tax selling loss season from wallstformainst: ~DF |
| Ronald Stoeferle On This Week’s Counterintuitive Gold Price Action Posted: 15 Dec 2012 01:24 PM PST On Wednesday 13th, 2012, the US Fed announced additional monetary stimulus in an attempt to make the economy grow. We wrote about the Fed's commitment to buy 85 billion US dollar per month in a bond buying program and keep the interest rates near zero till 2015. For the first time, to our knowledge, the Fed has committed publicly to work towards a target: the quantitative easing program will continue until the unemployment figure in the US drops from today's 7.7% till the intended 6.5%. Logically, the news would be in favor of gold and silver. The initial reaction of the gold price was indeed a positive one, and the silver price rose sharper, which was in line with the expectations of the market. In the overnight Asian trading, however, an unexpected and rather sharp drop occurred in both gold and silver. As we could not explain this price action, we asked the question to Ronald Stoeferle, one of the specialists. He is the editor of the well-known and respected "In Gold We Trust" reports and was our guest recently when he provided an update on the negative real interest rates. What follows is the view of Ronald Stoeferle specifically on the counterintuitive price action on Wednesday December 12th, 2012.
Only a week ago, we saw the proof for Ronald Stoeferle's point about the unemployment statistics. Right before the presidential election, the October unemployment figures suddenly reversed and showed a positive picture. A month later, a rather dramatic revision was announced by the Labor Department. The NY Times (amongst many others) reported the following: "Although job growth in November exceeded expectations, the Labor Department revised downward its figures for the preceding months. For September, the Labor Department said the economy created 132,000 jobs, down from an earlier estimate of 148,000, and the figure for October was lowered to 138,000 from 171,000." Indeed, the revision of the October statistics was about a 20% difference.
This article is based on a Q&A with Ronald Stoeferle. He is born October 27, 1980 in Vienna, Austria, is a Chartered Market Technician (CMT) and a Certified Financial Technician (CFTe). During his studies in business administration and finance at the Vienna University of Economics and the University of Illinois at Urbana-Champaign, he worked for Raiffeisen Zentralbank (RZB) in the field of Fixed Income/Credit Investments. After graduating from University, Stoeferle joined Vienna based Erste Group Bank, covering International Equities, especially Asia. In 2006, he began writing reports on gold and gained media attention when he expected the price of gold to rise to USD 2,300/ounce when the current price was only at USD 500. His six benchmark reports called "In GOLD we TRUST" drew international coverage on CNBC, Bloomberg, the Wall Street Journal, Economist and the Financial Times. He was awarded "2nd most accurate gold analyst" by Bloomberg in 2011. He also writes reports on crude oil. The latest oil report by Stoeferle, entitled "Nothing to Spare" was published earlier this year. Stoeferle is managing two gold mining funds and one fund with silver mining equities. As of December 2012, Stoeferle will become a partner of Liechtenstein based Incrementum AG. Contact Ronald Stoeferle at rps@incrementum.info
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| Financial Innovation: A Risky Business? Blythe Masters Defends Derivatives at Columbia Debate Posted: 15 Dec 2012 01:22 PM PST When the $1 QUADRILLION plus derivatives market fails, the inventor of the financial weapon of mass destruction known as the derivatives market- Blythe Masters could quite literally surpass Lenin and Mao Tse-tung as the person responsible for the greatest loss of human life in history. The Columbia Business School recently conducted an interactive debate entitled [...]Check out these similar articles: |
| Posted: 15 Dec 2012 01:07 PM PST Fan of Jim Sinclair's weekly commentary? A CIGA is a |
| Getting Coal in Your Stocking May Be Exactly What You Want Posted: 15 Dec 2012 12:58 PM PST Chris Vermeulen – www.TheGoldAndOilGuy.com We all want new and exciting electronic gizmos and gadgets for the holiday season. Unfortunately they have the tendency to lose almost all their value within weeks because of newer versions etc… but what if you just got a lump of dirty old coal in your stocking, how would you feel? The only individuals who would appreciate a dirty gift like that would be those forward looking investors who see major opportunities before they become the next big movers and headline news. Knowing how to spot Stage 1 patterns is one of the most important bits of information you need to know as an investor. This one pattern is how I found RIMM which now up 100% in the past 30 days, ANR up 30% in two weeks, FSLR up 20% in 20 days and the list goes one. My main focus is on ETFs because of lower risk they provide but very powerful when applied to individual stocks. Coal and coal stocks have been out of favor for almost two years now. But these unwanted and hated shares may soon be owned by the masses, or at least by traders and investors. A few weeks ago to I talked about the four stages all investments go through and which patters you must be able to spot in order to make huge money investing while having very limited downside risk. You can read about them here where I used Apple and Research In Motion shares as my example: http://www.thegoldandoilguy.com/articles/collapse-of-apple-rise-of-the-blackberries-stock-market-cycle/ In summary, Trade with the BIG BOARD and only focusing on buying stocks, ETFs etc… as they are coming out of a Stage 1 Accumulation Basing Pattern. This puts the odds greatly in your favor for not only winning the majority of your trades but to generate above average returns.
The BIG BOARD – NYSE – Weekly Major Stock Market TrendThe New York Stock Exchange is the big board. This chart formed a reversal candle last week which points to lower prices. Its likely we see a 1-2 week dip before buyers step back in. Until then individual stocks should pause or form mini bull flags until the sellers are finished and buyers step back into risk on assets (equities).
Coal Sector ETF Showing Stage 1 Basing PatternCoal stocks have been bouncing bottom for some time and if you did not review the Stages Report using the link above then do so now so you know what to expect in detail. KOL coal exchange traded fund is a basket of coal companies and is starting to show signs of a new bull market. A breakout and close above $26.00 should trigger strong buying with the potential of a 21% gain before it hits my first price target. This could go way past that but one target at a time folks. Naturally I would like to see a bull flag or pause in KOL over the next couple weeks, then look to get long using the pivot low of that pause/bull flag as my protective stop. I'm not jumping in here as the broad market looks ready to correct and ¾ stocks follow the big board which will pull KOL down.
ANR – My Top Coal Stock PickI pointed out ANR at $7.50 at the beginning of December to followers as it was the best looking coal stock I could find. The two key indicators "Price" and "Volume" were clearly pointing to higher prices and the potential gain even if it was just played up to the Stage 1 Resistance Level still netted a 30% move. Crazy part is that there is the potential for a 100% rally to my first price target. Follow my free ideas here live: https://stockcharts.com/public/1992897
You want Gizmos or Coal in You're Stocking???In short, I really like the coal sector for the first quarter of 2013. I'm not too worried about the fiscal cliff as it's not the end of the world and the US along with most other countries are all bankrupt together in my opinion. New rules and ideas will be implemented and life and business will continue… I am not to worried. I am expecting stocks to continue sideways or higher into May at which time a serious correction could take place. But not to worry as we take things one week at time and will be adjusting my outlook accordingly. Get My Trade Ideas & Alerts Delivered To Your Inbox: www.TheGoldAndOilGuy.comChris Vermeulen    |
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