Gold World News Flash |
- Gold Stocks To Surge as Much as 90% This Year: Fund Manager
- Platinum: The “Cheapest” Precious Metal… – Update
- The safest place in the world
- John Embry – Silver Will Soar Hundreds Of Dollars Higher
- By Decree Of The King: “There Are Some Steps That We Can Take That Don’t Require Legislation”
- Food-Price Crisis Signals Imminent Hyperinflation
- This is a Big Deal
- Richard Russell - Gold & Silver On The Verge Of Accelerating
- Stock Trader Welcomes Global Auto trading
- What is a hyperinflationary depression and could it happen?
- Bundesbank reported ready to retrieve Germany's gold from New York and Paris
- Bundesbank reported ready to retrieve Germany's gold from New York and Paris
- Yen Soars Following Econ Minister Comments That It Has Corrected In Line With Fundamentals
- ILLEGAL ACCOUNTING FRAUD by CENTRAL BANKS: Rob Kirby – PT 2 – YouTube
- 5 Reasons to Short Gold In 2013
- US GOLD RESERVE AUDIT? – Rob Kirby – YouTube
- GOLD MANIPULATION is a CONSPIRACY FACT: Rob Kirby – PT 1 – YouTube
- The Gold Price Rose $8.90 Closing at $1,668.90 a Close Above $1,705 Will Be Confirmation to Buy More
- Marin Katusa – Matt Damon Fear Mongers to Get People in the Movie Theater – YouTube
- A War To Reverse The French Government’s Descent Into Unpopularity Hell
- Silver Chart
- It Begins: Bundesbank To Commence Repatriating Gold From New York Fed
- 8 Key Dynamics Which Will Impact Us Over the Next 2-3 Years & Their Eventual Consequences
- How to Lose Your Entire Savings In an Instant
- Commodity Technical Analysis: Gold Treads Water at Trendline Resistance
- ALL THE GOLD IN THE WORLD
- Major Banks In Sweden Go Cashless – YouTube
- Family Dollar Stores: Fundamental Stock Research Analysis
- Goldcore raises clamor about Bank of England's custody of Ireland's gold
- Price of Gold Itself Could Hinder Investment Demand – Commodities Confidential w/ CPM Group – YouTube
- All Eyes On Facebook! Market Updates & More. By Gregory Mannarino. – YouTube
- Start Investing In Equities – Your Future Self May Thank You. Here's Why
- Non-Predictions For Gold and Silver
- All The Gold In The World - The Definitive Infographic
- Here's An Easy Way to Identify Gold & Gold Miner Market Tops and Bottoms
| Gold Stocks To Surge as Much as 90% This Year: Fund Manager Posted: 15 Jan 2013 12:38 AM PST Gold will surge to new highs this year, a push upward that will cause a big rally in the depressed shares of precious metals miners, says John Hathaway, portfolio manager at New-York based Tocqueville gold fund. How good might it get for gold miners? Pretty stupendous, in his view. Mr. Hathaway believes that when gold starts to trade sustainably above the $2,000 U.S an ounce level, shares could run up by 60 per cent to 90 per cent. It isn't unexpected that a gold fund manager is wildly bullish on the commodity, after all he's talking his book. But Mr. Hathaway is one of the better regarded money managers in the space, so what he says is worth some attention. He's up more than 18 per cent annually over the past decade, so he's right far more often than he's wrong. Read more: TheGlobeAndMail | ||||||||
| Platinum: The “Cheapest” Precious Metal… – Update Posted: 15 Jan 2013 12:36 AM PST Back in November 2011 (yes that's quite some time ago), I wrote an article called "Platinum, the Cheapest Precious metal": http://profitimes.com/free-articles/platinum-a-cheap-precious-metal/ I wrote: These days, gold is trading near all-time highs, while platinum is trading about $700 below its all-time high reached in 2008. Since 1972, Platinum traded at about 1.35 times the price of Gold on average. Right now, Platinum is even cheaper than gold, trading at only 0.92 times the price of Gold. As we can see in the chart below, this is a rather "rare" situation. It only happened in the early 80′s and for a short time in 1974. In 1972, 2000 and 2008, it even traded as much as 2.30 times the price of Gold (monthly basis). Based on this ratio over the last 40 years, we can say that Platinum is "cheap" relative to Gold. Well, guess what? Today, the Platinum/Gold ratio is back above 1 (or similarly, the Gold/Platinum ratio is below 1), as Gold is currently trading at $1675$, while Platinum is trading at $1688 per ounce: The reason of the sharp price increase this am is the following news article: JOHANNESBURG, Jan 15 (Reuters) – Anglo American Platinum , the world's top platinum producer, said it will indefinitely close four of its shafts in South Africa's platinum belt and sell its Union mine, as part of a sweeping reorganisation of its struggling business. As a result, about 400,000 ounces would be taken out of its production profile, which could help the price of the white metal, which hit a three-month high on Tuesday on South African supply concerns. Read more: Yahoo –> 400,000 ounces are quite a lot, given the fact that total WORLDWIDE annual supply was slightly below 6M ounces in 2012. As Platinum becomes more expensive, Car manufacturers will likely shift even more to sister-metal Palladium, which is already forecasted to be in a deficit over the next couple of years. | ||||||||
| Posted: 15 Jan 2013 12:30 AM PST from Sovereign Man:
From here, I grow my own organic food and raise my own livestock. I pump my own water, and have nearly a dozen wells, a canal, natural stream, and two reservoirs. I'm even producing my own biodiesel and soon installing renewable energy generators. I've got high-speed Internet, plus backup communication platforms; weapons, plus storage for medical supplies, food, ammunition, and gold; hundreds of acres of timber; raw materials to make everything from soap to charcoal to herbal liniments. | ||||||||
| John Embry – Silver Will Soar Hundreds Of Dollars Higher Posted: 15 Jan 2013 12:00 AM PST from KingWorldNews:
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| By Decree Of The King: “There Are Some Steps That We Can Take That Don’t Require Legislation” Posted: 14 Jan 2013 11:30 PM PST by Mac Slavo, SHTFPlan:
President Obama, much like his predecessors, has implemented scores of policy changes by way of Executive Order, a legal technique that allows the Commander-In-Chief to delegate legislation that, just like a bill passed in Congress, has the full force and authority of law. Presidents have used executive powers to delegate authority over all sorts of issues since Abraham Lincoln first used this Executive power to mobilize troops against rebels operating in southern states. Franklin Roosevelt declared the possession of gold illegal by way of executive order in the 1930′s. A recent order by President Obama authorizes the seizure of farms, energy resources and skilled laborers in the event of a declared national emergency. An order authorizing the use of force and war in Kosovo was issued by President Bill Clinton in 1999. | ||||||||
| Food-Price Crisis Signals Imminent Hyperinflation Posted: 14 Jan 2013 11:05 PM PST by Jeff Nielson, Bullion Bulls Canada:
Those following agricultural markets and agricultural prices have seen two, general trends emerging over the past decade: rapidly rising (nominal) prices and steadily falling inventories. This flies directly in the face of the most basic of all supply/demand fundamentals. Yes, falling inventories are supposed to lead to rising prices. However, those rising prices are then supposed to naturally lead to both falling demand (because of higher prices) and rising supply (because of higher prices) – with the rebuilding of inventories an inevitable result. | ||||||||
| Posted: 14 Jan 2013 10:14 PM PST from TF Metals Report:
For now, it's just a ZeroHedge report, based upon the reporting of the German website, Handelsblatt. The report says that an announcement is due on Wednesday. So I guess we'll know for sure in about 24-36 hours. Here's the original report: Though Turd is officially 5/8 German by descent, my working knowledge of the language is limited to danke, bier & lederhosen. Perhaps there's a German or otherwise European Turdite out there who would care to translate the text for the community at large? | ||||||||
| Richard Russell - Gold & Silver On The Verge Of Accelerating Posted: 14 Jan 2013 10:01 PM PST  With gold near $1,670 and silver above $31, today the Godfather of newsletter writers, Richard Russell, told his subscribers that gold and silver are now on the verge of accelerating. Russell also wrote about life during the Great Depression, where he sees key markets headed, and life's hard lessons. Here is what Russell had to say: "Our perceptions of ourselves are formed in our infancy in our unconscious. They are formed by our early reactions to the way our parents treated us. This is one of the most important facts that I've ever learned. I grew up during the Great Depression."This posting includes an audio/video/photo media file: Download Now | ||||||||
| Stock Trader Welcomes Global Auto trading Posted: 14 Jan 2013 09:39 PM PST We are pleased to inform you that Global Auto-Trading will now be made available to those subscribers who require their services. This service enables subscribers to take part in our new venture without having to monitor and act on every email we send out.    | ||||||||
| What is a hyperinflationary depression and could it happen? Posted: 14 Jan 2013 09:30 PM PST from Arabian Money:
The problem with printing money to solve economic problems is that once started it is very hard to stop. It is always easier to print more than deal with underlying issues such as over-spending and a government-dominated economy. Democratic politicians like turkeys do not usually vote for Thanksgiving. | ||||||||
| Bundesbank reported ready to retrieve Germany's gold from New York and Paris Posted: 14 Jan 2013 09:21 PM PST The German business newspaper Handelsblatt, based in Dusseldorf, reports exclusively tonight that the Bundesbank will announce tomorrow a plan to retrieve Germany's national gold from the Federal Reserve Bank of New York and the Banque de France in Paris. | ||||||||
| Bundesbank reported ready to retrieve Germany's gold from New York and Paris Posted: 14 Jan 2013 09:10 PM PST 11:14p ET Monday, January 14, 2013 Dear Friend of GATA and Gold: The German business newspaper Handelsblatt, based in Dusseldorf, reports exclusively tonight that the Bundesbank will announce tomorrow a plan to retrieve Germany's national gold from the Federal Reserve Bank of New York and the Banque de France in Paris: http://www.handelsblatt.com/politik/deutschland/reserven-bundesbank-will... As our German friends have gone to bed at this hour, we're left with only the meatball-quality work of Google translator, on which Zero Hedge's dispatch relies here -- http://www.zerohedge.com/news/2013-01-14/it-begins-bundesbank-commence-r... -- and exactly how much gold is to be repatriated from each foreign vault will not be clear for at least a few hours longer. But some speculation may be allowed as follows: 1) While Zero Hedge declares that the Bundesbank's action will be construed as a proclamation of lack of trust among central banks and as a bell signaling at last the sit-down phase of their game of golden musical chairs, a friend remarks sardonically that first of all this is likely to smash the gold price down by at least $100 when London and New York "markets" open Wednesday. (War in the Middle East closing the Strait of Hormuz would knock gold down at least $200, and nuclear war leveling the Northern Hemisphere would find agents of the New York Fed and U.S. Exchange Stabilization Fund selling gold down at least $300 in Rio de Janeiro and Sydney, with the remnants of Reuters, the Financial Times, and The Wall Street Journal attributing the plunge to "profit taking.") That is, repatriation is progress but there will be no free market in gold until, as happened with the collapse of the London Gold Pool in 1968, the metal in the hands of Western central banks, or at least the metal they are willing to lose, simply runs out. ... Dispatch continues below ... ADVERTISEMENT How to profit in the new year with silver -- Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... 2) If the entire six-member board of the Bundesbank really has voted to repatriate Germany's gold, they all will deserve GATA tin-foil hats -- but such hats are already on back-order. Indeed, in an interview two weeks ago with the Frankfurter Allgemeine Sonntagszeitung newspaper, Bundesbank President Jens Weidmann was starting to sound a bit like a gold bug, cautioning that "paper money is based on confidence" -- and then the Bundesbank even posted the interview on its Internet site: http://www.bundesbank.de/Redaktion/EN/Interviews/2012_12_30_weidmann_fas... 3) No matter how much gold the Bundesbank repatriates, the explosion of this issue in Germany is an immense tribute to our German friends, who have taken GATA's cues, agitated tirelessly, mobilized some domestic political opinion, and perhaps terrified their own banksters as well as banksters abroad. 4) Of course it may be months or years before Reuters, the Financial Times, The Wall Street Journal, and such take note of the Bundesbank's action. But there are other news organizations, and word is getting around enough that tonight Arthur Hugh Clough may not seem like so much of a dreamer after all: For while the tired waves, vainly breaking, And not by eastern windows only, CHRIS POWELL, Secretary/Treasurer 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 GoldMoney adds Singapore vaulting option In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 31, 2013. Tthe gold buy rate is 0.98%, while the silver rate is 1.99%. Metal exchanges into Brink's Singapore will also be discounted for this period and will be charged at 0.78% for gold and 1.75% for silver. Simply place your order online and the above rates apply automatically until January 31, 2013, 15.00 UK time. To find out more about the new vault, please visit: http://www.goldmoney.com/singapore?gmrefcode=gata GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults. It's easy to open an account, add funds, and liquidate your investment. For more information, visit: http://www.goldmoney.com/?gmrefcode=gata | ||||||||
| Yen Soars Following Econ Minister Comments That It Has Corrected In Line With Fundamentals Posted: 14 Jan 2013 08:48 PM PST And just like that the Abe Yen "open-ended" devaluation is gone as soon as it came. About an hour ago the USDJPY proceed to plunge, first slowly and then very fast, following remarks from Japanese Economics Minister Akira Amari who said that excessive yen weakness could have a negative impact on people's livelihoods through rises in prices of imports, and that it has corrected to a level in line with fundamentals. Almost immediately the USDJPY slid 100 pips to a low of 88.62 yen in the wake of Amari's comments, and last stood at 88.96 yen, down 0.7 percent from late U.S. trade on Monday. As for giant "splatting" noise heard around that world, that was every Goldman senior banker slapping themselves on the forehead as effectively one comments ended the carefully built up tension leading to over 1000 pips in Yen devaluation on fears of unlimited easing without any actual intervention, and just promises, combined the best of what both the Fed and the ECB have done. Of course, each day that passes bring draws closer to some actual action out of the BOJ, and a day when the Yen slide with impunity based solely on fears of intervention, finally ends. And speaking of Goldman bankers, prior to this news it was reported that the new, old PM Abe would meet with Yale Professor Emeritus Koichi Hamada and other academics today for lunch, and would consult on who should succeed Masaaki Shirakawa as head of the BOJ. For the sake of endless paper devaluation everywhere, and subsequent repatriation of gold by every central bank, it better be a Goldman banker (think Mark Carney). Because only with the unlimited hubris that a central bank collective run entirely by Goldman alumni, can and will the final reset be dramatically accelerated. | ||||||||
| ILLEGAL ACCOUNTING FRAUD by CENTRAL BANKS: Rob Kirby – PT 2 – YouTube Posted: 14 Jan 2013 08:07 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | ||||||||
| 5 Reasons to Short Gold In 2013 Posted: 14 Jan 2013 08:01 PM PST Register to [B][B][B][B][B]"Follow the [COLOR=#ff0000]munKNEE"[/B][/B][/B][/B][/B][/COLOR] and automatically receive all articles posted There are significant challenges to gold prices increasing in 2013. In fact, I believe that gold prices should move down in 2013 because of five strong headwinds, elaborated in this article. Words: 464 So writes Macro Investor in edited excerpts from his post* on Seeking Alpha entitled*Short Gold In 2013. [INDENT]*This article is presented compliments of [B]www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and [COLOR=#ff0000]www.munKNEE.com [/COLOR](Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.[/B] [/INDENT]Edited excerpts from the article go on to say... | ||||||||
| US GOLD RESERVE AUDIT? – Rob Kirby – YouTube Posted: 14 Jan 2013 07:57 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | ||||||||
| GOLD MANIPULATION is a CONSPIRACY FACT: Rob Kirby – PT 1 – YouTube Posted: 14 Jan 2013 07:34 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | ||||||||
| The Gold Price Rose $8.90 Closing at $1,668.90 a Close Above $1,705 Will Be Confirmation to Buy More Posted: 14 Jan 2013 07:27 PM PST Gold Price Close Today : 1,668.90 Gold Price Close 4-Jan-13 : 1,648.10 Change : 20.80 or 1.3% Silver Price Close Today : 3108 Silver Price Close 4-Jan-13 : 2989.6 Change : 118.40 or 4.0% Gold Silver Ratio Today : 53.697 Gold Silver Ratio 4-Jan-13 : 55.128 Change : -1.43 or -2.6% Silver Gold Ratio : 0.01862 Silver Gold Ratio 4-Jan-13 : 0.01814 Change : 0.00048 or 2.7% Dow in Gold Dollars : $ 167.31 Dow in Gold Dollars 4-Jan-13 : $ 168.52 Change : -$1.21 or -0.7% Dow in Gold Ounces : 8.094 Dow in Gold Ounces 4-Jan-13 : 8.152 Change : -0.06 or -0.7% Dow in Silver Ounces : 434.60 Dow in Silver Ounces 4-Jan-13 : 449.40 Change : -14.80 or -3.3% Dow Industrial : 13,507.32 Dow Industrial 4-Jan-13 : 13,435.21 Change : 72.11 or 0.5% S&P 500 : 1,470.68 S&P 500 4-Jan-13 : 1,466.47 Change : 4.21 or 0.3% US Dollar Index : 79.518 US Dollar Index 4-Jan-13 : 80.491 Change : -0.973 or -1.2% Platinum Price Close Today : 1,656.30 Platinum Price Close 4-Jan-13 : 1,555.20 Change : 101.10 or 6.5% Palladium Price Close Today : 702.55 Palladium Price Close 4-Jan-13 : 687.80 Change : 14.75 or 2.1% The silver and GOLD PRICE felt pretty perky today. Silver tucked away 71.3 cents in its purse to close at 3108c. Gold added $8.90 to $1,668.9. Since I was gone most of last week, today I'm giving y'all a review of the last six day's trading. Notice the gains silver and gold have gotten not clear of the woods yet, but at least free from the witch's house, at least. Stocks continued to rise, while the dollar spread its wings to fly and all the feathers fell off. The gold and SILVER PRICE are a little out of sync. Today's gold show was welcome, pretty, etc., etc., but settled nothing. It did take the GOLD PRICE over its 20 day moving average ($1,666.92) but not by much -- two bucks. To convince the doubters, gold must climb above the last high at $1,695.40, and before that the early December low at $1,684.10. On the sunny side, gold has formed a large falling wedge, which generally breaks out to the upside. Also, the spike low to $1,626 on 4 January prompted a big rally, and that day closed $23 higher than that low. Friday, I should not overlook, it appears the Nice Government Men or other crooks who run the rigged games in Washington and Wall Street, struck about 9:30 a.m. and slammed gold down on the heels of the rally that had taken it to a $1,677.30 close on Thursday. No matter, gold's sinew was proven by today's comeback. It was, however, stopped at $1,675, so twould be nice if gold would oblige us by closing above that mark tomorrow. The SILVER PRICE is tugging at the leash and longing to run upward. The GOLD/SILVER RATIO fell today to 53.697 from Friday's 54.665, down 1.8%. There's more, too. Silver closed ABOVE 3100c. High came at 3114.1c, but silver held on to most of its gain. Needs to build on that gain tomorrow. More witnesses are testifying that the lows on 4 January were the lows for the silver and gold corrections that began in October. But whether they are OR NOT, y'all need to get your heads straight about these corrections, fluctuations, and disappointments: they don't mean a hill of beans to us. All the loss there is IMAGINARY, just like every gain is imaginary until you in fact sell. If you bought silver at 880c in November 2008, you haven't lost a blessed thing in all these fluctuations, just the imaginary sting of marking to market. What's the point? That we are NOT following a day-trading strategy, so it isn't fit to focus on daily changes. We are following a PRIMARY TREND STRATEGY, which means we climb on to that bull and ride him until he falls over. We don't blow a lot of money by trading in and out, we just hold on to the bull and ride that rascal. And that also means that about now is the time to buy more. Or you can wait till silver climbs over 3200c and gold above $1,705 and you have more confirmation in hand. Don't miss what platinum and palladium have done. Platinum rose $27 today to just about close the gap with gold. Y'all remember that the platinum/gold spread went negative back in October 2011, and save for a few weeks it barely poked its head above even, stayed there. Looks like the opportunity to swap gold for platinum that I mentioned several times has just about passed. I would call a move of the platinum/ gold spread to be bullish for all metals. Palladium has dropped as low at $667 on 8 January, but has climbed back nearly $40. I don't trade palladium because it's too quirky and herky-jerky for my taste, but a close above $728 (early 2012 high) would release palladium from its long imprisonment. US DOLLAR INDEX has given up all the gains of its rally in 2013's early days, and fallen back -- not quite through -- the downtrend line it broke for that rally. That line stands about 79.40, so a close below that gainsays further rallying. A close below 79 sends the dollar searching for the bottom of the Marianas Trench. Clawed back 12.1 basis points today to close at 79.518. While the dollar suffers the euro exhilarates. Last week rallied up through its 20 day moving average and gained from $1.3065 to $1.3381. Rose 0.29% today alone. Aiming for $1.3500, maybe $1.3600 Is there no bottom for the yen? Today it made a new low and closed at 111.70 cents/Y100, down another 0.39% today. Everybody in the known world and remote parts of Antarctica must be short the yen. And look -- the Japanese politicians and the Bank of Japan have accomplished their purpose -- running down the yen's exchange rate -- without moving anything but their jaws. Neat, huh? US$1 =Y89.53=E0.7473=0.032 175 oz. silver= 0.000 599 oz. gold. Just to catch y'all up, that breakout of the 10 year bond yield has now toughed back to the downtrend line. 'Tis wholly unclear as yet whether this marks the long-awaited bursting of the bond bubble. STOCKS just keep on a-bubbling and a-bubbling, with ne'er a sign of any economic basis for the mania. Never mind, we live in the Age of Illusions where only appearances count (as opposed to an Age of Allusion, where only literary references count). Dow today rose 18.89 (0.14%) to climb past the 13,500 milestone and rest at 13,507.32. S&P500 lost 1.37 to $1,470.68. I still expect that both of them will gain more yet, probably hitting or exceeding the old highs. This move will run out of steam by April Fools Day. Do not miss this fact: the Dow measured either in gold or in silver has fallen in the last 6 trading days. No new highs in store there. Susan and I were in Chattanooga on Thursday and got to eat with restaurant entrepreneur Lawton Haygood and his wife Karen at his Boathouse restaurant perched alongside the Tennessee River. Most restaurants, even the chi-chi pricey ones, are a disappointment. Food all tastes the same, because the chefs are all cribbing out of the same magazines. But the Boathouse has flavors you won't find anyplace else. One reason is that Lawton invented a wood fired cookstove that allows cooking over a red oak fire -- directly. And wood smoke does something to seafood that carries it smack up to heaven. If y'all EVER get within 200 miles of Chattanooga, don't miss the Boathouse. But if they're too crowded, visit Lawton's other restaurant, Sugar's Ribs, and order the "Romaine is burning" -- half a head of romaine flash cooked over a wood fire, then garnished with pumpkin and sunflower seeds. My, O, my! We ate there, too. 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.  | ||||||||
| Marin Katusa – Matt Damon Fear Mongers to Get People in the Movie Theater – YouTube Posted: 14 Jan 2013 06:58 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | ||||||||
| A War To Reverse The French Government’s Descent Into Unpopularity Hell Posted: 14 Jan 2013 06:45 PM PST Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Normally, the media would have given it priority: French President François Hollande and Prime Minister Jean-Marc Ayrault have become more unpopular than ever before. But the poll was shoved into the background by France’s bombing campaign in Mali—which released an avalanche of positive comments and support from all sides, at least in France. With impeccable timing. In a poll conducted on Friday and Saturday just before the Mali intervention, only 39% of the respondents had a positive opinion of Hollande, a new low, a plunge of 19 percentage points in seven months. A brief uptick in November had been a mirage. By contrast, Nicolas Sarkozy, during the same period in his term (January 2008), was still riding high with an approval rating of 54%. And poor Ayrault. He never even had an uptick. His ratings have gone straight to hell. Only the speed has varied from poll to poll. After seven months of watching his handiwork, only 35% of the French still have a positive opinion of him—down 21 percentage points since he took office. His predecessor, François Fillon, had never sunk this low. “This raises the question of Jean-Marc Ayrault’s legitimacy,” explained the Institute LH2, which had conducted the poll. Even on the left, the “presidential and governmental action is not convincing....” He would soon have to be sacked. Suddenly the intervention in Mali. A savior. It was triggered when jihadists, who’d taken over parts of northern Mali, started rolling south towards Mopti, the second largest city. It has an airport, and a paved highway to the capital Bamako about 400 miles to the south. Mopti would have been the staging point for taking Bamako. So the French started bombing jihadist positions and convoys. The intervention has monopolized French media with talking heads and voices of all stripes, and with a tsunami of articles, overflowing with support for the operations. Just before 11 p.m. Monday night, Ayrault emerged from a meeting at the Hôtel Matignon, his official residence, where he’d briefed ranking Members of Parliament. Steely-voiced, he told his compatriots: “Faced with the threat of terrorism, the government’s commitment will not weaken. I welcome the support shown by all political forces.” Every detail was suddenly important. Hollande left for Abu-Dhabi and Dubai, but even while traveling, he’d make decisions. Nigerian troops were on their way to Mali and would be there next week. Algeria, which borders Mali along the northern edge, vowed to close its borders, as did Mali’s other neighbors. According to witnesses, about 30 French armored vehicles entered Mali from the Ivorian border town Pôgô. Tuareg rebels, who took control of the northern territory of Azawad early last year and declared its independence, only to be sidelined or run off by jihadists, had their own announcement: they offered to support the French. “We’re ready to help, we are already involved in the fight against terrorism,” said a representative of their National Movement for the Liberation of Azawad (MNLA). All day, there was similarly exciting stuff to talk about—and the much maligned Prime Minister may have finally found his footing. Even Marine Le Pen, head of the right-wing National Front, who has relentlessly hammered away at the government, and who berated both the Hollande and Sarkozy governments for minimizing the “mounting Islamic fundamentalism in France,” well, even she grudgingly called Hollande’s decision “legitimate.” There were a few holdouts however. Jean-Luc Mélenchon, left-wing firebrand and 4th in last year’s presidential elections, grumbled: “The UN mandate stipulated that this was an African problem to be resolved by Africans.” Not known for mincing words, he added, “They’re grown-ups, they have real countries, but yet again we find ourselves going back to our old bad habits of intervening here and there on the continent. We haven’t learned a single lesson.” And he asked, “Which of the wars over the last 20 years that had to be undertaken with urgency, and that would have solved a problem, actually succeeded?” On the right, Dominique de Villepin, career diplomat, Prime Minister under Jacques Chirac, and archenemy of Sarkozy, penned an editorial that acknowledged the critical situation Mali found itself in when jihadists began rolling south, but... “Let’s not give in to the reflex of war for the sake of war,” he wrote. “The obvious haste, the déjà -vu of the arguments of the ‘war against terrorism’” worried him. “Let’s learn a lesson from a decade of lost wars, in Afghanistan, in Iraq, in Libya.” Wars, he went on, “promote separatism, failed states, the iron law of armed militias.” He doubted that this war would lead to success; its goals were ill-defined, and France was fighting without a solid Malian partner. Pointing at the coups that had ousted the president in March and the prime minister in December, at the collapse of the divided army, and at the general failure of the state, he asked, “Who will support us?” But for the moment, these concerns don’t matter. France has found a theme behind which to unite. To heck with the unemployment fiasco, the declining private sector, the collapsing auto industry. A breath of fresh air for the government. To be followed by a major jump in approval ratings. And Ayrault might cling to his job for a while longer. Yet, the auto industry is at risk. “Volkswagen has chosen to wipe out PSA Peugeot Citroën,” said a source in Hollande’s entourage. But now there’s a plan, a desperate, misbegotten, taxpayer-funded deal. Read.... Secret French Plan In the European War Of The Automakers. | ||||||||
| Posted: 14 Jan 2013 06:40 PM PST [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] Silver finally managed to get a close above that stout resistance level at the $31 level. On a day in which the platinum/palladium group metals were all moving to the upside, it is refreshing to see the grey metal finally going along for the ride. The ideal technical price action now would be to see additional upside movement up and away from this level without surrending its gains and falling back down below $31 again. Even at that, you can see the very short term uptrend that has formed in silver over the last week+ of trading. A sharp push now through the $31.50 level will spark some decent short covering and serve to bring in new momentum based buying. We will see if silver can do just that. Downside support remains slightly above the $30 level.... | ||||||||
| It Begins: Bundesbank To Commence Repatriating Gold From New York Fed Posted: 14 Jan 2013 06:32 PM PST In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the "stability" of the entire monetary regime based on rock solid, undisputed "faith and credit" in paper money, German Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved. Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of it is currently stored, as well as the entirety of the 11% of German gold held with the Banque de France, and repatriated back home to Buba in Frankfurt, where just 31% of it is held as of this moment. And while it is one thing for a "crazy, lunatic" dictator such as Hugo Chavez to pull his gold out of the Bank of England, it is something entirely different, and far less dismissible, when the bank with the second most official gold reserves in the world proceeds to formally pull some of its gold from the bank with the most. In brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending. Much more importantly, it is being telegraphed as such, with Buba fully aware of just what the consequences of this (first partial, and then full; and certainly full vis-a-vis the nouveau socialist regime of Francois Hollande which will soon hold zero German gold) repatriation will be in a global monetary arena, which is already scraping by on the last traces of faith in a monetary system that is slowly but surely dying but first diluting itself to oblivion. And in simple game theory terms, the first party to defect from the prisoner's dilemma of all the bulk of global gold being held by the Fed, defects best. Then the second. Then the third. Until, in this particular case, the last central bank to pull its gold from the NY Fed and the other 2 primary depositories of developed world gold, London and Paris, just happens to discover their gold was never there to begin with, and instead served as collateral to paper gold subsequently rehypothecated several hundred times, and whose ultimate ownership deed is long gone. It would be very ironic, if the Bundesbank, which many had assumed had bent over backwards to accommodate Mario Draghi's Goldmanesque demands to allow implicit monetization of peripheral nations' debts has just "returned the favor" by launching the greatest physical gold scramble of all time. From Handelsblatt:
We present it in the original for fear of losing something in translation, but in broad English terms the above reads as follows:
There is no need to explain why this is huge news (for those who have not followed our series on the concerns and issue plaguing German gold can catch up here, here, here, here, and certainly here) . At least no need for us to explain. Instead we will let the Bundesbank do the explanation. The following section is the answer provided by the Bundesbank itself in late October in response to the question why it does not move the gold back to Germany:
And in case the above was not clear enough, below is the speech Buba's Andreas Dobret delivered to none other than NY Fed's Bill Dudley in early November:
Incidentally, what Zero Hedge did provide after this article, was factual evidence that the Buba's very much "trusted partner" had been skimming it on physical gold deliveries on at least one occasion, in "Exclusive: Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To The Bundesbank..." So we wonder: what changed in the three months between November and now, that has caused such a dramatic about face at the Bundesbank, and that in light of all of the above, will make is explicitly very unambigous that the act of gold repatriation, assuming of course that Handelsblatt did not mischaracterize what is happening and misreport the facts, means the "excellent relationship" between the Fed and Buba, not to mention Banque de France which will shortly hold precisely zero German gold, has just collapsed. Also, if the Bundesbank is first, who is next? Finally, once the scramble to satisfy physical gold deliverable claims manifests itself in the market, we can't help but wonder what will happen to the price of gold: both paper and physical? | ||||||||
| 8 Key Dynamics Which Will Impact Us Over the Next 2-3 Years & Their Eventual Consequences Posted: 14 Jan 2013 06:14 PM PST Register to "Follow the munKNEE" and automatically receive all articles posted Risk is inevitably mispriced when unprecedented intervention So writes Charles Hugh Smith in edited excerpts from his article* as posted on www.peakprosperity.com entitled The Trends to Watch in 2013 – Probabilities are becoming more certain.
Smith goes on to say in further edited excerpts: Though the specific timelines of crises are inherently unpredictable it is still useful to understand what influential trends will continue to play out and the eventual consequences of each. Trend #1:Central planning intervention in stock and bond markets will continue… Intervention in the stock market may successfully keep the markets in an uptrend or a narrow trading range for 2013, but this would only increase the odds of a dislocation/crash in 2014 or 2015. [Why? Because] temporary success does not imply permanent success or even continued success of intervention…Virtually all central planning intervention—fiscal and monetary stimulus, subsidies and market manipulations—suppresses market pricing of risk and volatility. In a healthy, transparent market, millions of participants openly price risk, volatility, assets, and capital. This creates low-intensity volatility and resilience. When transparent markets reprice risk, assets, and capital [is] in a panic, the recovery is equally dramatic as participants quickly adjust to the repricing. Confidence is based on transparent pricing by participants, not officially sanctioned manipulation. The purpose of central planning intervention is perception management. Central planners want to restore confidence; not with transparent repricing, which would hurt holders of assets and banks, but by engineering a steady rise in asset prices and reversing any declines with indirect buying. This instills confidence via participants' "Don't fight the Fed" belief that central planners will never let the market go down. History rather unkindly finds that central planning elevation of markets and suppression of risk is impermanent [because] intervention leads to crashes. Why is this so? Risk cannot be eliminated; it can only be transferred or suppressed. When it is suppressed, it eventually bursts out. The greater the suppression, the greater the eventual dislocation. There are various analogies for this; for instance, the stick-slip hypothesis of seismic faults and earthquakes. While the surface appears stable, pressure invisibly builds far below and is eventually released in an earthquake. In our financial example, sudden repricing of risk and assets is the equivalent of an earthquake. Many commentators have observed that the positive effects of the Federal Reserve's quantitative easing programs are diminishing both in duration and market pricing. The market soared for months on end after QE1, but the rally quickly fizzled after QE4. This reveals the decay factor in intervention: each intervention must be larger as its efficacy decays. The policy consequence of this decay is that central planners must "double down" their bets to keep the perception-management "recovery" and market on track….The analogy is a gambler who is using borrowed money to make ever-larger bets in a casino. His first few bets are wins, prompting confidence in his skills and in his lenders. Eventually the gambler loses his entire stake in one enormous bet, and the loss is so monumental that it brings down the casino and his lenders. The markets' ability to transparently price risk, capital, and assets has been fatally compromised. A systemic increase in brittleness and fragility is the inevitable result when low-intensity volatility and risk are both suppressed by constant intervention. The widening credibility gap between official pronouncements of recovery and less manipulated metrics also forces central planners to double down on their interventions. This is evident globally, as Europe, Japan, and China are all doubling down on interventions that are yielding increasingly marginal returns. Trend #2:The omnipotence of the Federal Reserve will suffer a fatal erosion of confidence… Though the Fed is nominally independent, like every other arm of central planning, it swims in a political sea. The initial success of QE1, 2, and 3 and ZIRP (zero-interest rate policy) boosted the political capital of the Fed. Faith in the implied omnipotence of "Don't fight the Fed" has been rewarded for four years [but] the failure of its policies to engineer a durable recovery, [however,] will erode that faith and the Fed's political capital, restraining its freedom of movement. We can already discern rising doubt in infinite QE and permanent ZIRP in the Fed's minutes. Outside the Fed, what can only be characterized as distain of the Fed and its destructive policies, is increasingly visible. The decay factor of its monetary-stimulus policies and the decline of its political capital will increasingly render the Fed impotent. By 2015 we may well be dumbstruck that everyone once hung on the Fed's every word as if the Fed resided on Mount Olympus. Trend #3:Main stream media will continue to lose credibility… The credibility gap between main stream media (MSM) stories of recovery—higher GDP, auto and home sales, lower unemployment rate, etc.—and what is visible on the ground will widen, eroding MSM credibility. With the Internet providing distribution of alternative metrics, central planning and the MSM will increasingly be revealed as propaganda organs rather than servants of the citizenry. Trend #4:The failure of Keynesianism will leave policy makers bereft of policy alternatives Now that all Keynesian policies have been pushed to the maximum, there is essentially nothing left to deploy. The chart below of money velocity reflects the endgame of Keynesian stimulus. Money is being printed and dumped into the financial system in size, yet the velocity of that money is trending toward zero. Trend #5:Economic stagnation will fuel the rise of "permanent adolescence" The social consequences of economic stagnation will attract more attention. Japan is the lab experiment for what happens to a nation's youth when opportunity declines and many young people are unable to earn enough money to buy homes and support families. They withdraw into a state of "permanent adolescence" - living at home, staying in college for extended periods, delaying marriage and children, working part time, surrendering long-term goals, and in some cases indulging in a lifestyle centered around video-gaming and pop-culture hobbies. Consequences of "permanent adolescence" include lower birth and marriage rates, depressed rates of household formation, lower auto and home sales, declining tax receipts, and what might be called "social depression," as expectations and goals stagnate along with opportunity. Soaring student debt has turned the current generation of university students into debt serfs. This will continue as alternatives to a conventional college education remain on the margins. Trend #6:Income will continue declining in real terms Income is the foundation of real economic growth and wealth-distribution stability. Nominally, income appears to have grown 24% since 2000. Adjusted for inflation, it has declined by almost 10%. Trend #7:Small business—the engine of growth—will continue to decline… Uncertainty, globalization, recession, and higher taxes and regulatory fees have eroded the incentives to risk capital and time in starting or expanding a small business. Trend #8:Territorial disputes will continue to distract domestic audiences from domestic instability and inequality It is already abundantly clear that trade will be trumped by domestic politics in territorial conflicts. This creates the potential for serious economic dislocations in global trade and capital flows. The Senkaku Islands are one such flashpoint where compromise appears impossible since the domestic populations of Japan and China have been persuaded by nationalistic hyperbole that a "line in the sand" has been drawn. ConclusionMarket dislocations , like earthquakes, are notoriously difficult to predict. Risk is inevitably mispriced when unprecedented intervention suppresses risk.
* http://www.peakprosperity.com/blog/80431/trends-watch-2013
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| How to Lose Your Entire Savings In an Instant Posted: 14 Jan 2013 05:38 PM PST
By the look of things, Europe’s banking system is breaking down again.
Bankia’s shareholders have received a nasty new year’s surprise. They may lose most of their investments or even all of them says the Spanish bank rescue fund in its latest report.
According to FROB, the Fund for Orderly Bank Restructuring, Bankia has a negative value of 4.2 billion euros, and its parent group BFA is 10.4 bn in the red.
Valuation is key in the recapitalisation of Spain’s banking system, weighed down by massive bad loans accumulated in a property bubble that burst in 2008. Bankia/BFA is set to receive 18 bn euros of European aid, and become the country’s biggest bailout recipient.
http://www.euronews.com/2012/12/27/bankia-worthless-says-new-report/
Greece’s four largest banks need to boost their capital by 27.5 billion euros ($36.3 billion) after taking losses from the country’s debt swap earlier this year, the largest sovereign restructuring in history.
National Bank of Greece SA, the country’s biggest lender, needs to raise 9.8 billion euros, according to an e-mailed report by the Athens-based Bank of Greece (TELL) today. Eurobank Ergasias SA (EUROB) needs 5.8 billion euros, Alpha Bank (ALPHA) needs 4.6 billion euros and Piraeus Bank SA (TPEIR) needs 7.3 billion euros, according to the report. Total recapitalization needs for the country’s banking sector amount to 40.5 billion euros, the report said.
The above articles tell us point blank that Europe’s banking crisis is neither fixed nor even close to over.
Consider the article on Spain.
A little known fact about the Spanish crisis is that when the Spanish Government merges troubled banks, it typically swaps out depositors’ savings for shares in the new bank.
So… when the newly formed bank goes bust, “poof” your savings are GONE. Not gone as in some Spanish version of the FDIC will eventually get you your money, but gone as in gone forever.
This is why Bankia’s collapse is so significant: in one move, former depositors at seven banks just lost virtually everything. In the case of Greece, the above article needs some perspective. Sure, €27.5 billion sounds like a lot of money, but just how big is it relative to Greece’s banks.
The entire capital base of the Greek banking system is only €22 billion.
By saying that Greek banks need €27.5 billion Greece is essentially admitting that is needs to recapitalize its entire banking system. Also, you should know that Greek banks are still sitting on €46.8 billion in bad loans.
There is a word for a banking system with a capital base of €22 billion and bad loans of €46.8. It’s INSOLVENT.
Take note, the EU Crisis is anything but over. The ECB may have pushed it back by a year by promising unlimited bond buying… but that relief rally is coming to an end.
With that in mind, smart investors are taking advantage of the lull in the markets to position themselves for what’s coming.
We offer several FREE Special Reports designed to help them do this. They include:
Preparing Your Portfolio For Obama’s Economic Nightmare What Europe’s Crisis Means For You and Your Savings
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| Commodity Technical Analysis: Gold Treads Water at Trendline Resistance Posted: 14 Jan 2013 05:30 PM PST courtesy of DailyFX.com January 13, 2013 04:27 PM Daily Bars Chart Prepared by Jamie Saettele, CMT Commodity Analysis: Gold had held support defined by the 61.8% retracement of the rally from the 2011 low (lowest level of the move from the record high) and former resistance (top of congestion from June to August 2012). The response at the level has been impressive. By the same token, a break of this well-defined support level could lead to a rush for the exits and extension of weakness. Near term, gold is testing resistance from a near term trendline and lower lows are in place below 1695. Commodity Trading Strategy: Flat LEVELS: 1626 1642 1653 1679 1695 1703... | ||||||||
| Posted: 14 Jan 2013 05:27 PM PST | ||||||||
| Major Banks In Sweden Go Cashless – YouTube Posted: 14 Jan 2013 05:07 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | ||||||||
| Family Dollar Stores: Fundamental Stock Research Analysis Posted: 14 Jan 2013 04:52 PM PST Family Dollar Stores (FDO) is one of the fastest growing discount store chains in the United States. The merchandising strategy that drives this growth provides customers with good values on basic merchandise for the family and home ... Read More...  | ||||||||
| Goldcore raises clamor about Bank of England's custody of Ireland's gold Posted: 14 Jan 2013 04:24 PM PST UK Bank Sits on a Pot of E235 Million in Irish Gold By RuaidhrI Giblin http://www.independent.ie/national-news/uk-bank-sits-on-a-pot-of-235m-in... Bankrupt Ireland owns 6 tonnes of gold, the bulk of which is held at the Bank of England, it has been revealed. The Central Bank of Ireland said the value of its gold holdings was E235 million last time it checked. This represents just over 1 per cent of its total investments. A spokeswoman said the central bank was a party to the Washington Agreement on Gold, which recognised gold as an important element of global monetary reserves. She said the central bank had not entered into any lease arrangements regarding any of its gold but would not provide specific details of its storage arrangements with the Bank of England. ... Dispatch continues below ... ADVERTISEMENT GoldMoney adds Singapore vaulting option In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 31, 2013. The gold buy rate is 0.98%, while the silver rate is 1.99%. Metal exchanges into Brink's Singapore will also be discounted for this period and will be charged at 0.78% for gold and 1.75% for silver. Simply place your order online and the above rates apply automatically until January 31, 2013, 15.00 UK time. To find out more about the new vault, please visit: http://www.goldmoney.com/singapore?gmrefcode=gata GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults. It's easy to open an account, add funds, and liquidate your investment. For more information, visit: http://www.goldmoney.com/?gmrefcode=gata Goldcore founder Mark O'Byrne said the Irish people had a right to know where Ireland's gold reserves were stored, how they were stored, and whether they were loaned or leased out into the market. He said the perception in Ireland that gold was in a bubble was absolute nonsense. Most people in Ireland don't even know what the price of gold is, he said. The real debate we should be having is about the risk posed by currency devaluation, said Mr O'Byrne, not just in Ireland with the euro but with sterling, the dollar, and every other paper currency in the world. He said a slew of people who had warned about the Irish property market were completely ignored and those warning about currency devaluation now were being ignored again. 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 How to profit in the new year with silver -- Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... | ||||||||
| Posted: 14 Jan 2013 04:20 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | ||||||||
| All Eyes On Facebook! Market Updates & More. By Gregory Mannarino. – YouTube Posted: 14 Jan 2013 04:14 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | ||||||||
| Start Investing In Equities – Your Future Self May Thank You. Here's Why Posted: 14 Jan 2013 04:10 PM PST Register to "Follow the munKNEE" and automatically receive all articles posted As Winston Churchill once said: "A pessimist sees the difficulty in every So writes Frank Holmes (www.usfunds.com) in edited excerpts from his original article* entitled Invest In Equities: Your Future Self May Thank You.
Holmes goes on to say in further edited excerpts: With the barrage of negative headlines and abhorrence toward risk many investors [have been of the opinion] that equities would not improve going forward but that has turned out to be a mistaken belief:
Stock and gold investors should thank President Barack Obama and Federal Reserve Chairman Ben Bernanke for these phenomenal results, as the Fed has been on a massive bond-buying frenzy during its three rounds of quantitative easing and Operation Twist. This spree has pushed the central bank's balance sheet to nearly $3 trillion, reports the USA Today. The newspaper says this is "more than three times the size of the Fed's holdings before the financial crisis" in the fall of 2008. All this excess money in the system, compliments of Helicopter Ben, has helped the S&P to rise over the past U.S. presidential cycle. As you can see, Obama's presidential cycle beat the average of all other presidential cycles going back to 1929. The bad news is that many investors have not been participating, as they have acted on the belief that negative short-term headlines equate to dismal long-term equity performance yanking billions of dollars out of the perceived "risky" equity funds into purportedly safe havens, such as Treasuries and bond funds. The chart below shows the continuation of this extreme behavior since 2006. In the media's duty to report risks facing the average investor, some reporters seemed to have overlooked what I believe to be the greatest threat. As Bloomberg only recently quantified, "Americans have missed out on almost $200 billion of stock gains as they drained money from the market in the past four years".. Just this week we received an olive branch indicating that the bond fund flows may be receding and reverting back to equity funds. CNBC reports that during the week ended January 9, $22 billion flowed into long-term equity mutual funds and exchange-traded funds, according to data from Bank of America Merrill Lynch. This amount "was the second-highest amount on record," writes CNBC. One week of data, though, does not make a trend. Research shows that retail investors may continue selling their U.S. equities through 2013. According to Goldman Sachs, an estimated $475 billion is expected to leave stocks. On the bright side, the "smart money" – corporations who are engaging in mergers & acquisitions activity as well as buying back shares of stock – are expected to purchase $450 billion, says Goldman Sachs. In addition, institutional investors, including mutual fund companies, foreign investors, ETFs, life insurance companies and pension funds, are expected to put an additional $225 billion into the U.S. equity market in 2013. Over the past year, gold stock investors have been fleeing the sector after seeing declining returns throughout the year. As of December 31, 2012, the FTSE Gold Mines Index declined nearly 14 percent over 2012. We've seen this pattern before, as gold stocks have historically performed poorly during a U.S. presidential election year. This is data going back nearly 30 years. However, the math suggests gold stocks may stage a significant comeback during 2013. Historically, during post federal election years, the Philadelphia Stock Exchange Gold and Silver Index has seen significant gains. [Read: Gold Stocks Go Up Dramatically In Inauguration Years – Will Another +20% Increase Occur This Year?] Conclusion …Investors' misconception about future stock returns underscores why I frequently point out cyclical patterns and seasonal cues. I believe these trends help investors anticipate the performance of global markets and commodities before participating. As Winston Churchill once said:
For the new year, I challenge all readers to fight off the negativity, see long-term opportunity in global equity markets and, most importantly, remain invested. Your future self may thank you.
*http://www.usfunds.com/investor-resources/investor-alert/invest-in-equities-your-future-self-may-thank-you/
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| Non-Predictions For Gold and Silver Posted: 14 Jan 2013 04:05 PM PST Non-Predictions for 2013 and 2014 A train wreck is in process. We have been warned. Protect your finances, investments, and retirement. The official numbers may not represent reality. By: GE Christenson More of the Same More money printing by central banks. A trillion here and a trillion there, printed money everywhere. More deficit spending. [...] | ||||||||
| All The Gold In The World - The Definitive Infographic Posted: 14 Jan 2013 03:23 PM PST In the aftermath of the Chairman's painful waste of time "interactive" session, which addressed precisely zero of the relevant questions, we would like to ground readers with a real, hard, monetary equivalent, which unlike paper money, has retained its worth over the past 2000 years, and one which no central planning committee can create out of thin air at will. Gold. The chart below should put it all into perspective. and for those who may have forgotten it, here is what happens when one can create paper out of thin air: America's (not even the entire world's) derivative universe. Just a tad more.... diluted. Courtesy of Demonocracy | ||||||||
| Here's An Easy Way to Identify Gold & Gold Miner Market Tops and Bottoms Posted: 14 Jan 2013 03:13 PM PST Register to "Follow the munKNEE" and automatically receive all articles posted It's amazing! Every day I learn something new. I have just come across a So writes Katchum (http://katchum.blogspot.ca) in edited excerpts from his original post* entitled The Ultimate Tool to Predict Gold and Gold Miners Price Swings.
Alternative #1 [According to] the Bernstein Daily Sentiment Index [below] for gold….when the index goes below 30, we have a bull alert on gold [and] when the index goes above 70, we have a bear alert on gold. The problem, [however, is that] it isn't free.
Alternative #2 Luckily, Bloomberg has something similar which is free and can be accessed here. Their chart below shows that sentiment is at rock bottom for the gold price…[which] means we will see a surge in gold in the next few months.
Alternative #3 To confirm that the gold price is nearing a bottom, we can [also] look at the daily sentiment index for gold miners on the site Stockcharts.com. The ticker is $BPGDM. As you can see in chart 3 below, the gold mining sentiment is approaching a bottom under 30 and this should be a positive indicator for the gold mining industry.
To…[ensure] that the correlation works I compared Chart 3 with the gold miners ETF (GDX) chart 4 below and have confirmed that each time the index goes below 30 on BPGDM, we have a short term bottom in the GDX and every time the BPGDM index goes above 70, we have a top in the GDX.
Conclusion The conclusion is that we have a very powerful tool here to mark tops and bottoms in both the gold price and the gold mining industry valuation. I would use these tools to execute short term trading. For example, every time the index goes below 30, you buy the respective security (gold or gold miners) and every time the index goes above 70, you sell the respective security. It's as simple as that!
*http://katchum.blogspot.ca/2013/01/the-ultimate-tool-to-predict-gold-and.html
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I'm writing to you from the safest place in the world– a humble cabin in central Chile, nestled among 1,100 acres of some of the most productive farmland on the planet.
Today John Embry told King World News there is now a shortage of physical silver and the price is headed hundreds of dollar higher than current levels. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: "I don't think the action in the gold and silver markets is reacting or based on reality. For both gold and silver, what inventories are available are rapidly being consumed. We are still seeing games being played in the paper market, but in the meantime those inventories are shrinking rapidly."
Attempting to decipher the global picture regarding food prices, food inventories, and food production is not akin to navigating a labyrinth. A deluge of misleading propaganda and short-term 'noise' from the mainstream media means anyone attempting to decipher these parameters is likely to encounter a plethora of "dead-ends" and "wrong turns."
Think Zimbabwe a moment. This is the most recent example of a hyperinflationary depression. Basically in Zimbabwe the black nationalists ejected the white farmers and replaced them with locals who could not farm, crashed the economy and started printing money. Hey presto! Rampant hyperinflation and a very depressed economy.
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