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Monday, December 17, 2012

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US NIC report extremely positive for gold and silver

Posted: 17 Dec 2012 12:19 PM PST

As the US nears falling over the fiscal cliff an report from the National Intelligence Council gives us sobering thoughts that are extremely positive for gold and silver.

Gold to move substantially higher: Governments who sell it ‘idiots’ – Farage

Posted: 17 Dec 2012 12:12 PM PST

Nigel Farage, leader of British political party UKIP is nothing if not outspoken and he describes governments who have bought gold as clever and those who sold it 'idiots'.

India Gold, Silver sideline ahead of RBI rate decision

Posted: 17 Dec 2012 12:00 PM PST

The Reserve Bank of India's rate decision is scheduled on Tuesday. Although the central bank is not expected to ease policy then, traders said they could cut the cash reserve ratio or sound more dovish on inflation.

Chris Martenson: We're Going to Have a World Class Currency Crisis

Posted: 17 Dec 2012 11:45 AM PST

Chris Martenson of PeakProsperity.com says, "We have an economy that requires constant exponential growth . . . that won't happen. We're on an unsustainable course." Martenson says the next 20 years will look nothing like the last 20 years. He predicts, "The crisis really is going to belong to the people who don't see it [...]Check out these similar articles:
  1. Chris Martenson: Peak Oil Will Change Life As You Know It & So Will the Coming Collapse
  2. Chris Martenson on Shadow Bank Runs and how Central Banks are Missing the Boat!
  3. Christ Martenson on Metals Manipulation & the Euro Debt Crisis

Darryl Robert Schoon: THE TWILIGHT OF THE WORLD’S POWER STRUCTURES- Elite Have Lost Control!

Posted: 17 Dec 2012 10:45 AM PST

"Buy gold, buy silver, have faith." So says Author Darryl Robert Schoon. Darryl says the coming crash of our monetary system will bring a transition away from the current debt & death paradigm – and what will emerge is "something far different from anything we've seen in human history." The people who have been running [...]Check out these similar articles:
  1. 'We're About to Have the Most Devastating COLLAPSE in World History'
  2. GERALD CELENTE: The World's Biggest BANK ROBBERY Continues Unabated
  3. SBSS 23. The World Is Cornering The Elite

MMG’s Dugald River zinc-lead-silver mine needs total capital of A$1.49bn

Posted: 17 Dec 2012 10:41 AM PST

MMG has invested A$293 million in the project in northwest Queensland so far and needs about A$1.2 billion to produce its first shipment of concentrate in late 2015.

$20 Silver, $1,400 Gold Coming In Market 'Flush'

Posted: 17 Dec 2012 10:36 AM PST

By Danny Furman:

Gold (GLD) has benefited enormously over the last five years from inflation produced by Fed policy, and more so from increased inflation expectations. Cash for clunkers and other real stimulus programs implemented through early 2010 directly increased money in circulation.

QE3 and recently announced QE-6.5%, however, do no such thing. Without "Helicopter Ben" Bernanke getting literal and dropping bundles of Benjamins out of the sky, precious metals appear to have begun a leg downward that has room to run. Retail precious metals investors are "all in" after recently announced easing measures, and central bank purchases alone cannot sustain current prices with production at all-time highs.

If economic growth is desired by policy makers, aggressive stimulatory programs will be implemented eventually. These policies will require eliminating the debt ceiling and do not seem likely in the near future, given the Republican stance and gridlock in Washington, D.C. The economy is


Complete Story »

colombian rebels ditching drug dealing for gold mining

Posted: 17 Dec 2012 10:23 AM PST

Centamin soars as gold exports restart

Posted: 17 Dec 2012 10:15 AM PST

Centamin shares have soared for a second day in a row as its mine prepares to restart operations in Egypt following problems with its export licence.

This posting includes an audio/video/photo media file: Download Now

India to promote 'Paper Gold' to curb climbing imports

Posted: 17 Dec 2012 10:10 AM PST

More and more gold based schemes were being planned by government to encourage investors to join schemes without investing in the physical commodity.

Darryl Robert Schoon: Twilight of the World's Power Structures – Must Listen

Posted: 17 Dec 2012 09:48 AM PST

"Buy gold, buy silver, have faith." So says Author Darryl Robert Schoon. Darryl says the coming crash of our monetary system will bring a transition away from the current debt & death paradigm – and what will emerge is "something far different from anything we've seen in human history." The people who have been running the world have lost control and they know it. They have backed themselves into a corner – and we will soon see better days for humanity.

from sgtbull07:

DF Note: Special thanks to SGT, who produces the best videos on YouTube, and The Liberty Mill.
SGTreport.com
theLibertyMill.com

~DF

Bullion or Mining Shares?

Posted: 17 Dec 2012 09:35 AM PST

There are many reasons to own physical gold. They arise from the financial and monetary uncertainty impacting investors around the globe. But do you also want to own the shares of gold mining companies? Two things need to be considered to answer this question.

Chart of the Day: Fiscal Cliff in Perspective

Posted: 17 Dec 2012 09:30 AM PST

With the financial MSM salivating over the fiscal cliff, today's chart of the day brings a little perspective to the situation.  Obama's proposed tax hike solution, compared to a visual of the true severity of the problem facing our country via unfunded liabilities. MUST SEE.   The 1 oz .999 Silver Bullet Silver Shield Trivium [...]Check out these similar articles:
  1. Silver Update: Fiscal Cliff
  2. Bernanke's 'Fiscal Cliff' FRAUD: Austerity Coming To America – Harley Schlanger
  3. Biderman: If Gov't Were Subject to Laws, Barack Obama & Timothy Geithner Would Be Guilty of Financial Fraud

Why The Euro Will Outperform The U.S. Dollar

Posted: 17 Dec 2012 09:29 AM PST

By Katchum:

The last few months, we noticed that the euro had significantly outperformed the U.S. dollar since August 2012, right when QE3 was going to be announced (Chart 1). I see conditions in the Eurozone improving and soon the markets will focus on problems in the U.S. instead of the Eurozone. Therefore, I believe the uptrend in the euro will continue and I'll explain why.

(click to enlarge)
Chart 1: EUR/USD

As I pointed out earlier in this article, strong currencies are likely to have strong bond markets. So, if we see a strengthening bond market for a certain country, we can be almost sure that the currency of that country will appreciate in value against other currencies.

Let's take a look at the bond market of several key countries in the Eurozone: Germany, France, PIIGS.

(click to enlarge)

Complete Story »

An Explanation to a Friend of Why He Needs Gold Instead of Dollars

Posted: 17 Dec 2012 09:00 AM PST

READ THE FULL NEWSLETTER

Please watch the following video (short, and very worthwhile) on the two recent examples of gold manipulation.  It is a must-see for anyone who wishes to understand why these "waterfall" drops occur.

Are Gold Prices Manipulated? – RESET: Special Edition w/ Vince Lanci

The other night, I had a discussion on gold with someone I know who lives in my building.  I brought up several points that he was unaware of.  Later that evening, I decided to send him a "visual recap" of what we had discussed. I wanted to be sure that he understood the basic thoughts that I had presented to him.  Here is what I sent to him and it may be helpful to many of you as well.

________________________________

I have put this information together for you – all of it with accompanying charts and data – to make it easier for you to understand why I am so certain about the things I mentioned to you last night.  My views are not based on my "feelings" but they are based on facts that make it mathematically impossible to change the outcome.

No one wants to lose a significant portion of the wealth they have worked hard to accumulate.  Wealth measured in dollars is a no-win situation.

It is generally accepted that anywhere from 12% to 20% of one's net worth, set aside in gold, will protect the purchasing power of the entire portfolio.  If the dollar falls, the gold will rise high enough to compensate for the losses in the rest of the portfolio.  If the dollar holds its value, the gold acts merely as an "insurance policy" that was never needed.

The difference between an ordinary insurance policy and gold is that in the case of gold, you can sell it later on, if you wish, and the insurance if offered you was free, or actually increased in value, whereas an ordinary insurance policy costs you money every year and you get nothing back if you never use it.

Take a look at the following, think about it – and my comments to you last night will make more sense to you.

First, here is a simple chart that is very important.  It gives you a visual of the "solution" to the debt problem that Congress is arguing about.  It shows the impossibility of the situation.  The only way to survive this is not through tax increases and spending cuts.  The chart shows how meaningless tax increases are toward solving the problem.  The only solution, and it is really not a solution at all, is for the Federal Reserve to keep creating new dollars at the rate of over one trillion a year, or whatever amount that is needed to keep the banks, the markets and the economy from sinking.  In the end, all that policy will accomplish is to buy (a little) time, not fix the problem.  It makes the problem worse.

The dollar will be the big loser and precious metals the big winner.

Next up is a chart of the creation of dollars relative to the amount of gold.  It also mirrors gold's rise against the dollar over the same time frame.

The Swiss franc is generally considered the best currency in the world.  How does gold stack up against the SFR?  Gold is a better store of value.

How does gold stack up against oil?

Gold is better.

Here is an overview of where the dollar has been and where it is projected to go.  The SGS Alternative blue dotted line represents the ACTUAL inflation, the real numbers, calculated the same way inflation was in the 1970s under

President Carter.

Please note in the above table that gold and the Swiss franc were held constant by the gold standard versus coins in 1914 and 1933.  The data are from the Federal Reserve Board, the Bureau of Labor Statistics, Kitco and from SGS data and calculations.  The magnitude of the loss in the U.S. dollar's purchasing in the span of almost one century could be repeated in the span of less than 12 months starting in the next year or so.  Again, fiscal and monetary malfeasance by the federal government and the Federal Reserve are to blame.

The table showing the loss of purchasing power of the U.S. dollar against various inflation measures and assets has been expanded to include silver in the assets, as well as to include January 2002 as a base, showing the loss of purchasing power in just the last ten years.  With most of the CPI reporting gimmicks in place by 2001, the differential between the CPI and SGS is close to maximum.

-John Williams, No. 414: Hyperinflation Special Report 2012

And finally, here is the Adjusted Monetary Base, the Fed's assets all purchased with money they created out of thin air.  The dollar has NO future as a STORE OF VALUE.  That is what gold is showing with its increasing price since 2002.  You can see on the chart that this is also the same time when the Fed started increasing its monetary base.

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David Tepper on CNBC – Don’t Fight the Fed

Posted: 17 Dec 2012 08:56 AM PST

Despite his wrong ideas about gun control, David Tepper is one of the smartest guys in any room because he is able to keep to simple themes that eventually make money for his clientele.  Tepper is the founder and CIO of Appaloosa Asset Management, running reportedly about $16b, which is up about 25% on the year.  Spend a little quality time with Tepper and the CNBC Squawk Box crew in the three-part video selection below.  We consider it worthy of sharing. 

Part 1: Link http://video.cnbc.com/gallery/?video=3000134410

Part 2: Link http://video.cnbc.com/gallery/?video=3000135847

Part 3: Link http://video.cnbc.com/gallery/?video=3000135863

December 16, 2012 (Source: CNBC News)

Indian government tries to promote ‘non-physical’ gold investments in an attempt to reduce bullion demand

Posted: 17 Dec 2012 08:55 AM PST

The indian people's appetite for gold is well know, they are after all the biggest buyer of gold on the planet. However most Indians save in the form of bullion and jewelry, something that the Indian...

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Is Iran behind Afghanistan Gold smuggling?

Posted: 17 Dec 2012 08:38 AM PST

Unconfirmed reports also put Iran into gold smuggling in it's eastern border as the Iranians are already buying up dollars and euros here to circumvent sanctions, and it may be using gold for the same purpose.

India Gold reserves unchanged at $27.80 billion

Posted: 17 Dec 2012 08:31 AM PST

India foreign exchange reserves increased by $484.2 million to reach $294.99 billion during the period on the back of increase in core currency assets.

Silver is money too

Posted: 17 Dec 2012 08:15 AM PST

"Gold is money. Everything else is credit" JP Morgan, testifying before Congress, 1912 The world's most powerful banker understood that gold sits at the bottom of the inverted ...

Afghan gold rush for Gulf: Arms dealings & drug money laundering

Posted: 17 Dec 2012 08:00 AM PST

Fully declared and apparently legal, reports are emerging that huge amounts of gold are being flown out from Afghanistan. According to airport personnel, most of it's headed to Dubai – which has long been considered a haven for laundered money. RT talks to Daoud Sultanzoy – a political analyst and former Afghan MP.

from russiatoday:

~DF

silverfuturist: Why silver/gold didn't go up after QE4

Posted: 17 Dec 2012 07:54 AM PST

Cuz the announcement wasn't a surprise.

"To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. The Committee views these thresholds as consistent with its earlier date-based guidance. In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent."

from silverfuturist:

~DF

2013 Silver Eagles As Low As $2.59 Over Spot!!

Posted: 17 Dec 2012 07:43 AM PST

Doc's Deal Of The Day 2013 Silver American Eagles As Low As $2.59 Over Spot!! Click Here Or Call 614-300-1094 To Order 1000+ oz Only $2.59 Over Spot 500-999 oz Only $2.69 Over Spot 100-499 oz Only $2.89 Over Spot 50-99 oz Only $3.09 Over Spot 1-49 oz Only $3.29 Over Spot   *2013 Silver [...]Check out these similar articles:
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Gruver & Quayle: Apocalypse to Befall America

Posted: 17 Dec 2012 07:40 AM PST

Join us for a very special show with returning guest Henry Gruver along with Steve Quayle. Mr. Gruver is internationally known, talking about the apocalypse that is to befall America.

from libertasradio:

Stephen Quayle is the author of five books. For over thirty years, he has been investigating ancient civilizations, giants, UFOs and biological warfare as they relate to the future of mankind. Stephen discusses the coming worst-case scenarios approaching this world and how they interrelate to each other. Earthquakes, volcanoes, nuclear and biological terrorism, coupled with the planned financial meltdown of the U.S. dollar will thrust us into unimagined tribulations. Stephen Quayle is on record as stating that we have moved from the realm of natural threats into the arena of supernaturally guided events of the unseen hand of evil orchestrating world events of unfathomable proportions

The Hagmann & Hagmann Report provides viewers and listeners information about current events and historical topics that transcend the political right-left paradigm and delve into the real issues behind the sugar-coated news. This unique, father-son detective duo uses their investigative abilities and resources to aggressively research and report on issues left untouched by the corporate media and those that exist beyond the scope of the non-traditional media. The show addresses many issues once considered mere fodder for "conspiracy theorists," tracing their roots from the various events that created them through the fabric of history to the present day

~DF

Gold & Silver: Of Cartels, Algorithms & Artificial Prices

Posted: 17 Dec 2012 07:19 AM PST

Although supposedly against the rules – and even being subjected to an ongoing investigation by the CFTC that now reaches into its fifth year – market bullying is nevertheless allowed to happen over and over again without effective regulatory intervention.

Jeff Christian – CPM: 2013 Gold Price Outlook

Posted: 17 Dec 2012 06:13 AM PST

We're talking 2013 gold price forecasts, the fiscal cliff and more as Kitco proudly launches the premier of "Commodities Confidential", a weekly series featuring the CPM Group, New York's leading commodities research firm. In this new weekly series we'll be taking a look at commodities outlooks and price direction, as well as discussing hot topics in the market as we spotlight content from CPM's weekly research reports, premium content that is otherwise reserved for clients. This week we're joined by Jeff Christian, Managing Director & Founder of CPM Group. Christian gives us his firm's 2013 outlook for gold and reviews some of the fundamentals behind their forecast. We also discuss the current "hot topic" in the markets, the fiscal cliff, as Christian explains why regardless of the outcome or resolution, the fiscal cliff ordeal will have a negative impact on gold. Do not miss this must see launch of our new series "Commodities Confidential" featuring CPM Group, a show that aims to bring you the latest, highest quality, institutional-level commodities research on a weekly basis! Kitco News, December 14, 2012.

from kitconews:

~DF

Japan Will Now Print and Spend Following LDP Election Win, Low Trader Participation Means HFT's Gunning Gold

Posted: 17 Dec 2012 06:05 AM PST

In Japan, the Liberal Democratic Party won Sunday's general election, gaining a so-called supermajority of two-thirds of the lower house of parliament, which will allow it to block decisions made by the upper house.  "The LDP's landslide election victory gives it a virtually free hand in policy," says Robert Feldman, head of Japan economic research [...]Check out these similar articles:
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Dramatic evolution of China Silver market to continue

Posted: 17 Dec 2012 05:57 AM PST

However, investment options are still rather limited in China, in part because of still immature domestic financial markets but also in no small measure due to strict foreign exchange controls.

John Rubino & David Morgan: US Falls to 3rd World, Gold and Silver Update

Posted: 17 Dec 2012 05:37 AM PST

John Rubino – Any truth in the Fed's new policies? David Morgan – Gold and Silver update.

from moneyandwealth:

~DF

Japan 'Will Now Print & Spend' Following LDP Win

Posted: 17 Dec 2012 05:13 AM PST

The wholesale gold bullion price rose to $1,693 per ounce during Monday morning's London trading, but remained slightly below where it ended last week following falls in Asia.

Gold price trying to get back above $1700 – In terms of Yen gold is only 3% away from new highs

Posted: 17 Dec 2012 05:07 AM PST

Gold starts the final full trading week of the year in rather a lackluster fashion. Gold is currently trading a few dollars shy of $1700. Gold $:  (click for sharper image) Overnight we got news that...

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