Gold World News Flash |
- The Unadulterated Gold Standard Part IV (Intro to Real Bills)
- In case it wasn’t obvious…
- Shelter from The Coming Storm – Gold, Silver, and Real Assets
- Asian Metals Market Update - January 17, 2013
- Masses Close To Realizing Their Money Is Being Destroyed
- Germany’s Entire Gold Hoard At The Fed May Already Be Gone
- Silver Update 1/16/13 Gold Games
- Germany Reacts To The Retiring Treasury Secretary's Parting Shot
- Daily Futures Wrap, Jan 16 – YouTube
- Seaway Pipeline No Panacea for Cushing's Oil Glut
- Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence
- David Morgan: The “Scare you out – Wear you out” Phase for Gold and Silver Coming to an End The metals need “money velocity” for ignition | James J Puplava CFP | FINANCIAL SENSE
- Commodity Technical Analysis: Gold Inside Day Indicates Indecision
- Thorsten Polleit, "What Do Bankers Know about Money & Banking", PFS 2012
- Quiet Day in Silver
- The Gold Price Lost 70 Cents Closing at $1,682.70 Silver Up Slightly
- Guest Post: A Message To The 'Left' From A 'Right Wing Extremist'
- CBOE Special Feature – YouTube
- The “Dogs of the Dow” Investment Strategy Is a Winner On 2 Counts
- Market Remains Fixated on Corporate Fundamentals Thursday – YouTube
- Germany Gold: Central bank to bring home some reserves
- Now Available: Debit Cards Backed By Actual Gold & Silver!
- The Grand Council Of The Universe
- Making Sense of Germany's Gold Repatriation
- It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold
- Gold Seeker Closing Report: Gold and Silver End Slightly Higher
- Major Inflation Can Either Destroy You OR Make You a Fortune – The Choice is Yours
- Are Junior Gold Investors Living the Movie 'Groundhog Day'?: David Skarica
- Gold bulls expect boost from US downgrade
- Another V-Shaped Stock Recovery - But Rates And Credit Ain't Buying It
- Gold Daily and Silver Weekly Charts - On the Brink of a New Currency War
- All NEW GoldReview.com Launches!
- Sinclair, Barron, and Leeb on the Bundesbank's strange gold move
- Ira Epstein's Weekly Metal Report
- In counterfeiting we trust
| The Unadulterated Gold Standard Part IV (Intro to Real Bills) Posted: 17 Jan 2013 12:33 AM PST keith weiner | |||||||||||||||||||||||||||||||||
| Posted: 17 Jan 2013 12:30 AM PST from Sovereign Man:
Sometimes the writing on the wall seems painfully obvious. But occasionally it's a good idea to step back and look at the big picture:
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| Shelter from The Coming Storm – Gold, Silver, and Real Assets Posted: 17 Jan 2013 12:05 AM PST (January 2013) What Storm? A hurricane of digital money created by central banks to purchase government debt and other dodgy assets from banks. A tidal wave of deficit spending by governments around the world. It continues, regardless of whether you call it business as usual, stimulus, payoffs, or bailouts. A perfect storm of derivatives – [...] | |||||||||||||||||||||||||||||||||
| Asian Metals Market Update - January 17, 2013 Posted: 16 Jan 2013 11:23 PM PST Gold has closed (daily) over $1670 for more than two consecutive days while silver has had a daily close over $3066 for three consecutive days which itself are a bullish signal for further gains. In case has a weekly close over $1670 and silver has a weekly close over $3066 then it will mark the beginning of another big rise. Right now it seems that the bullish foundations are being put in place in gold and silver. | |||||||||||||||||||||||||||||||||
| Masses Close To Realizing Their Money Is Being Destroyed Posted: 16 Jan 2013 10:01 PM PST  Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, warns, "When the masses realize that their money is being overtly destroyed in front of their eyes, there will be a panic. By then, it will be too late." Below is Fitzwilson's piece which discusses the approaching end game, and how gold and silver will be the primary beneficiaries.This posting includes an audio/video/photo media file: Download Now | |||||||||||||||||||||||||||||||||
| Germany’s Entire Gold Hoard At The Fed May Already Be Gone Posted: 16 Jan 2013 09:30 PM PST from KingWorldNews:
Here is what Barron had to say: "This has been happening for quite some time. In fact, I can remember hearing 6 or 7 years ago that Gaddafi wanted all of his gold back from New York. There were several tons going on a transport plane out of New York once a week to Libya." | |||||||||||||||||||||||||||||||||
| Silver Update 1/16/13 Gold Games Posted: 16 Jan 2013 09:05 PM PST from BrotherJohnF: | |||||||||||||||||||||||||||||||||
| Germany Reacts To The Retiring Treasury Secretary's Parting Shot Posted: 16 Jan 2013 08:51 PM PST
The following is a missive that we received from Jim Sinclair this morning, who is the host of a web site called Jim Sinclair's MineSet. He sums up the situation much better than we can so its well worth the time spent on reading what he has to say. The above link will take to his site and his updates via email are free, so you have nothing to lose by signing up for them. My Dear Extended Family, I respectfully disagree with most of the explanations given today on the why of German actions in gold. My understanding is that the causal event of this notification actually came from the actions of the US Exchange Stabilization Fund and the long term plans to strengthen the euro.    | |||||||||||||||||||||||||||||||||
| Daily Futures Wrap, Jan 16 – YouTube Posted: 16 Jan 2013 08:29 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | |||||||||||||||||||||||||||||||||
| Seaway Pipeline No Panacea for Cushing's Oil Glut Posted: 16 Jan 2013 08:01 PM PST
By EconMatters EIA Report The weekly EIA report came out today and one of the noteworthy data points was the Cushing, Oklahoma storage numbers. Already at a record, Cushing added another 1.8 million barrels to storage sending total Cushing stocks to 51.9 million barrels of oil in storage facilities at the energy hub.
There has been 6.3 million barrels of oil added to Cushing during the last 6 weeks. To put these build numbers into perspective, Cushing oil inventories stood at 28.3 million barrels for this time a year ago, which is a build of 23.6 million barrels in a year.
Seaway Pipeline Expansion The Seaway pipeline was recently expanded to 400,000 barrels per day from 100,000 barrels per day, and many analysts have predicted that this would solve the Cushing oil glut. But it is looking more and more that what the Seaway pipeline offers is a cheaper mode of delivery out of Cushing, and the real benefit is one of logistical optionality for transportation.
Further Reading - Keystone XL Pipeline: Economics, Idealism and Politics
Oil is Fungible In short, the US and global oil model isn`t set up for the United States to be producing more than 7 million barrels of oil per day. Even if the Seaway pipeline could send 4 million barrels of oil out of Cushing, it wouldn`t make a difference because Oil is fungible, so without major cuts somewhere else in the global supply chain, then you're going to have supply andstorage builds somewhere in the supply chain.
Saudi Arabia can only cut back production so much The Saudi`s have already cut back production to fifteen month lows, how long is that going to continue as they need oil revenue just like everyone else? So Cushing is just a reflection and end point for the delivery of increasing US production, which ultimately is building more than there is demand from refiners for producing products, even with an increase in exporting of gasoline and other petroleum products.
Cushing never was landlocked This should have been apparent to analysts as rail has been delivering Oil to refiners during this domestic boom, and so are barges taking oil out of Cushing, so large amounts of oil are getting to refiners. Some of it before it even gets to Cushing, and some after with the Seaway pipeline, and barges out of Cushing; and with the spread in 2012 of as much as 25 dollars, there were major incentives to get US oil to refiners in a myriad of ways.
Cushing builds reflective of bigger problem Yet we have almost doubled Cushing`s inventories in a year. This points to a much bigger problem with analysts missing entirely, thinking this was just a Cushing log jam problem. This is seeing the trees, and missing the overall forest, Cushing is just a reflection of the bigger problem, there is just too damn much oil sloshing around the world right now with nowhere to go. You see this in stories about Nigerian crude for February delivery being unsold and stuck on cargo ships because there are no buyers with the increase in US domestic production. Iraq is producing more oil, and they need the revenue so expect more oil coming out of Iraq for the next decade with each year producing more than the previous.
The world is producing more oil than is consumed each day The world global supply chain is producing more oil than the world needs every day, and this means storage has to build somewhere, and whether it is Cushing, or Nigeria, or China it has to be stored somewhere.
In the US, Cushing has expanded storage facilities the past couple of years, and has been a default place to send the extra oil. But even Cushing is rapidly reaching capacity limits, and even if on the margin the Seaway pipeline takes out more oil, refiners can only handle so much more before they become the bottleneck in the equation.
Further Reading - Oil and Gas Markets End 2012 With Swollen Inventory Levels US Refineries not easy to build Remember, refiners are not easy to build, and the US has only relatively recently ramped up domestic production, so even with substantial increases in fuel exports, there just are not enough US refineries to handle the increase in US oil production. In short, the oil model of the last decade was not set up with the US being a major producer. The US production increases is throwing the global supply models a major curve ball.
Therefore, the only way that Cushing inventories are going to go down substantially is if more US refineries are built, and that could take three to four years, if they are built at all given the regulatory and financial hurdles that have prevented progress in this area over the last decade.
Unintended Consequences The bottom line is that the Seaway pipeline is no cure for what ails Cushing inventory builds. For what ails Cushing is the fact that nobody thought about the unintended consequences of a boom in US oil production due to high prices for the past decade.
The global economy has slowed down from the peak in 2007, but prices have remained high, this resulted in increased production projects globally, and the rise in US production just sent the supply levels over the edge.
Furthermore, nobody ever planned or expected that the US would start producing with these numbers ever again. This has thrown the whole supply chain on its back, Cushing is just a reflection of this fact, there is more oil than the world needs right now, and the world definitely didn`t need an increase in US production.
Cushing builds still a problem As a result you get Cushing, the manifestation of what happens when the unexpected happens before the oil models know what to do with the extra supply. You do not get the kind of builds at Cushing, with a new pipeline in existence for six months, a hefty spread, and rails transporting oil at unheard of levels, unless there is a much bigger problem than just increasing the Seaway pipeline by 300,000 barrels per day.
The Seaway Pipeline just steals business from Railroads & Barges So Seaway doesn`t solve the Cushing problem as many have hoped. All Seaway does is maybe take some business from barges and railroads in the transportation of the product.
But the problem was much bigger than these people ever realized, because Cushing never represented a landlocked, logistics equation.
Cushing builds represents the fact that right now there is just too damn much oil that is being produced versus consumption needs for that oil. So it has to be stored somewhere, and Cushing is one of the places.
Too many chefs in the kitchen The real problem is that nobody ever planned for the US to be producing 7 million barrels of oil every day and rising, there is just not enough demand in the world for this extra oil, so it has to be stored because everyone needs the money these days. And until prices drop substantially, no one is going to cut back producing this black gold.
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| Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence Posted: 16 Jan 2013 07:18 PM PST  Even Ben Bernanke's mother calls him Pinocchio. Any thought, belief, or notion that US Fed QE programs will be stopped is unequivocally wrong. If not for the fact that the entire global financial system would collapse if the Fed's money printing were to EVER end, then certainly for the undeniable fact that Bernanke has NEVER gotten it right. Ben Bernanke is a world class buffoon, who has gotten a free pass on his always wrong predictions regarding the US and global financial system simply because he holds the post of Chairman of the US Federal Reserve...and is proclaimed to be an "expert" on the 1930s Great Depression. Ben Bernanke has an extensive history of making statements that are patently false and inaccurate. Bernanke downplays inflation risk of QE3 Worst thing Fed could do would be to hike rates prematurely By Greg Robb, MarketWatch WASHINGTON (MarketWatch) — Federal Reserve Chairman Ben Bernanke on Monday played down the fears of some more hawkish central bankers and investors that "I don't believe significant inflation is going to be the result of any of this," Bernanke said in a speech at the University of Michigan. The Fed has the tools to exit its easy policy stance before inflation appears, he said. The Fed will watch closely to see whether the zero-interest rate policy that has been in place for four years could eventually lead investors to make unwise decisions, creating an asset bubble, he added. Bernanke also said there is a continuing debate over whether Fed policy is a cause of asset bubbles. The Fed has an "open mind" on the issue, he remarked, and will continue to monitor markets and toughen bank supervision to guard against financial instability. More… Seriously? Perhaps Mr. Bernanke's definition of "significant inflation" needs to be examined. His track record of comments regarding his actions and beliefs as Fed Chairman certainly points to his once again being entirely wrong with his "belief" that the Fed's aggressive bond-buying program will not lead to higher inflation. The mainstream media portrays Federal Reserve Chairman Ben Bernanke as a brilliant economist, but is that really the case? Let's go to the videotape. The following is an extended excerpt from an article that I published previously.... ---------- In 2005, Bernanke said that we shouldn't worry because housing prices had never declined on a nationwide basis before and he said that he believed that the U.S. would continue to experience close to "full employment".... "We've never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don't think it's gonna drive the economy too far from its full employment path, though."In 2005, Bernanke also said that he believed that derivatives were perfectly safe and posed no danger to financial markets.... "With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly."In 2006, Bernanke said that housing prices would probably keep rising.... "Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise."In 2007, Bernanke insisted that there was not a problem with subprime mortgages.... "At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency."In 2008, Bernanke said that a recession was not coming.... "The Federal Reserve is not currently forecasting a recession."A few months before Fannie Mae and Freddie Mac collapsed, Bernanke insisted that they were totally secure.... "The GSEs are adequately capitalized. They are in no danger of failing."For many more examples that demonstrate the absolutely nightmarish track record of Federal Reserve Chairman Ben Bernanke, please see the following articles.... *"Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Won't Know Whether To Laugh Or Cry" *"Is Ben Bernanke A Liar, A Lunatic Or Is He Just Completely And Totally Incompetent?" ___________________________________ Burn in Hell Bernanke! | |||||||||||||||||||||||||||||||||
| Posted: 16 Jan 2013 06:43 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | |||||||||||||||||||||||||||||||||
| Commodity Technical Analysis: Gold Inside Day Indicates Indecision Posted: 16 Jan 2013 06:16 PM PST courtesy of DailyFX.com January 16, 2013 02:54 PM Daily Bars Chart Prepared by Jamie Saettele, CMT Commodity Analysis: Gold’s response at 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) is impressive. The break above trendline resistance that extends off of the November and December highs shifts immediate focus to the 1/2 high and trendline that extends off of the October and November highs. Commodity Trading Strategy: Flat LEVELS: 1626 1642 1653 1679 1695 1703... | |||||||||||||||||||||||||||||||||
| Thorsten Polleit, "What Do Bankers Know about Money & Banking", PFS 2012 Posted: 16 Jan 2013 05:58 PM PST An excellent talk from PropertyandFreedom.org's Thorsten Polleit (Property and Freedom Society). We believe the video is worthy of sharing widely. (20 mins. Allow a few seconds to load.)
Source: propertyandFreedom.org via Vimeo Tip of the hat to our friend Grant Williams for the link. | |||||||||||||||||||||||||||||||||
| Posted: 16 Jan 2013 05:22 PM PST [url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] Not much in the way of upside for Silver in today's session but not much to the downside either before dip buyers came in. The action is suggesting more of a pause in a market that is attempting to gather enough force to take out the overhead barrier. You can see that level marked on the chart as RESISTANCE. Bears will be in trouble if this level gives way and especially if the 50 day moving average gives way. Downside support lies first at this week's low near the $31 level followed by the 200 day moving average near $30.65 RSI is tracking sideways but remains above the previous peak, a friendly development. ... | |||||||||||||||||||||||||||||||||
| The Gold Price Lost 70 Cents Closing at $1,682.70 Silver Up Slightly Posted: 16 Jan 2013 05:16 PM PST Gold Price Close Today : 1682.70 Change : 0.70 or 0.04% Silver Price Close Today : 31.514 Change : 0.016 or 0.05% Gold Silver Ratio Today : 53.395 Change : -0.005 or -0.01% Silver Gold Ratio Today : 0.01873 Change : 0.000002 or 0.01% Platinum Price Close Today : 1692.20 Change : 4.20 or 0.25% Palladium Price Close Today : 725.70 Change : 13.10 or 1.84% S&P 500 : 1,472.63 Change : 0.29 or 0.02% Dow In GOLD$ : $165.98 Change : $ 7.50 or 4.73% Dow in GOLD oz : 8.029 Change : 0.363 or 4.73% Dow in SILVER oz : 428.74 Change : -0.97 or -0.23% Dow Industrial : 13,511.23 Change : -23.60 or -0.17% US Dollar Index : 79.81 Change : 0.040 or 0.05% The silver and GOLD PRICE didn't agree today, either, but in the past that has often led to good things on the morrow. Silver gained 1.6 cents to 3151.4c while gold lost a measly 70 cents to $1,682.70. The GOLD PRICE is trapped in a $1,675 - $1,685 range established the last two days. Any close inside that range means nothing, and a close above or below will take gold that same direction for a few days. Down below $1,665 and $1,655 remain firm. Like gold, the SILVER PRICE has trapped itself in a range the past two days, 3150 above and 3100 below. If they break to the upside, silver and gold will likely jump a long ways. I would buy the breakout, which requires silver above 3200c and gold over $1,695. Fairly quiet day across markets. US dollar index rose a whopping 4 basis points to close 79.811, still not effectively piercing the 79.80-.90 barrier. Dollar's treading water, and without a life jacket will go under. But central banks are in the life-jacket business. Euro made an inchmeal push down, losing 0.13% to $1.3290. Uptrend still in force., Yen rose 0.46% today to 113.14. I believe we've seen the end of that waterfall. US$1 =Y88.39=E0.7524=0.031732 oz silver=0.000591 oz gold. Stocks couldn't agree today, not a good sign for them. Dow fell 23.6 to 13,511.23 while the S&P500 gained a nothing 0.29 to 1,472.63. Plenty more upside left for stocks in their final dance with death, but having a hard time penetrating 13,600. 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.  | |||||||||||||||||||||||||||||||||
| Guest Post: A Message To The 'Left' From A 'Right Wing Extremist' Posted: 16 Jan 2013 05:06 PM PST Submitted by Brandon Smith of Alt-Market blog, A Message To The 'Left' From A 'Right Wing Extremist' Some discoveries are exciting, joyful, and exhilarating, while others can be quite painful. Stumbling upon the fact that you do not necessarily have a competent grasp of reality, that you have in fact been duped for most of your life, is not a pleasant experience. While it may be a living nightmare to realize that part of one's life was, perhaps, wasted on the false ideas of others, enlightenment often requires that the worldview that we were indoctrinated with be completely destroyed before we can finally resurrect a tangible identity and belief system. To have rebirth, something must first die... In 2004, I found myself at such a crossroads. At that time I was a dedicated Democrat, and I thought I had it all figured out. The Republican Party was to me a perfect sort of monster. They had everything! Corporate puppet masters. Warmongering zealots. Fake Christians. Orwellian social policies. The Bush years were a special kind of horror. It was cinematic. Shakespearean. If I was to tell a story of absolute villainy, I would merely describe the mass insanity and bloodlust days of doom and dread wrought by the Neo-Con ilk in the early years of the new millennium. But, of course, I was partly naïve... The campaign rhetoric of John Kerry was eye opening. I waited, day after day, month after month for my party's candidate to take a hard stance on the illegal wars in Iraq and Afghanistan. I waited for a battle cry against the Patriot Act and the unconstitutional intrusions of the Executive Branch into the lives of innocent citizens. I waited for a clear vision, a spark of wisdom and common sense. I waited for the whole of the election for that man to finally embrace the feelings of his supporters and say, with absolute resolve, that the broken nation we now lived in would be returned to its original foundations. That civil liberty, freedom, and peace, would be our standard once again. Unfortunately, the words never came, and I realized, he had no opposition to the Bush plan. He was not going to fight against the wars, the revolving door, or the trampling of our freedoms. Indeed, it seemed as though he had no intention of winning at all. I came to see a dark side to the Democratic Party that had always been there but which I had refused to acknowledge. Their leadership was no different than the Neo-Cons that I despised. On top of this, many supporters of the Democratic establishment had no values, and no principles. Their only desire was to "win" at any cost. They would get their "perfect society" at any cost, even if they had to chain us all together to do it. There was no doubt in my mind that if the Democrats reoccupied the White House or any other political power structure one day, they would immediately adopt the same exact policies and attitudes of the Neo-Conservatives, and become just as power-mad if not more so. In 2008 my theory was proven unequivocally correct. It really is amazing. I have seen the so-called "anti-war" party become the most accommodating cheerleader of laser guided death and domination in the Middle East, with predator drones operating in the sovereign skies of multiple countries raining missiles upon far more civilians than "enemy combatants", all at the behest of Barack Obama. I have seen the "party of civil liberties" expand on every Constitution crushing policy of the Bush Administration, while levying some of the most draconian legislation ever witnessed in the history of this country. I have seen Obama endorse enemy combatant status for American citizens, and the end of due process under the law through the NDAA. I have seen him endorse the end of trial by jury. I have seen him endorse secret assassination lists, and the federally drafted murder of U.S. civilians. I have seen him endorse executive orders which open the path to the declaration of a "national emergency" at any time for any reason allowing for the dissolution of most constitutional rights and the unleashing of martial law. If I was still a Democrat today I would be sickly ashamed. Yet, many average Democrats actually defend this behavior from their party. The same behavior they once railed against under Bush. However, I have not come here to admonish Democrats (at least not most of them). I used to be just like them. I used to believe in the game. I believed that the rules mattered, and that it was possible to change things by those rules with patience and effort. I believed in non-violent resistance, protest, civil dissent, educational activism, etc. I thought that the courts were an avenue for political justice. I believed that the only element required to end corruption would be a sound argument and solid logic backed by an emotional appeal to reason. I believed in the power of elections, and had faith in the idea that all we needed was the "right candidate" to lead us to the promise land. Again, I believed in the game. The problem is, the way the world works and the way we WISH the world worked are not always congruent. Attempting to renovate a criminal system while acting within the rigged confines of that system is futile, not to mention delusional. Corrupt oligarchies adhere to the standards of civility only as long as they feel the need to maintain the illusion of the moral high ground. Once they have enough control, the mask always comes off, the rotten core is revealed, and immediate violence against dissent commences. Sometimes the only solutions left in the face of tyranny are not peaceful. Logic, reason, and justice are not revered in a legal system which serves the will of the power elite instead of the common man. The most beautiful of arguments are but meaningless flitters of hot air in the ears of sociopaths. Sometimes, the bully just needs to be punched in the teeth. This philosophy of independent action is consistently demonized, regardless of how practical it really is when faced with the facts. The usual responses to the concept of full defiance are accusations of extremism and malicious intent. Believe me, when I embarked on the path towards the truth in 2004, I never thought I would one day be called a potential "homegrown terrorist", but that is essentially where we are in America in 2013. To step outside the mainstream and question the validity of the game is akin to terrorism in the eyes of the state and the sad cowardly people who feed the machine. During the rise of any despotic governmental structure, there is always a section of the population that is given special treatment, and made to feel as though they are "on the winning team". For now, it would appear that the "Left" side of the political spectrum has been chosen by the establishment as the favored sons and daughters of the restructured centralized U.S. However, before those of you on the Left get too comfortable in your new position as the hand of globalization, I would like to appeal to you for a moment of unbiased consideration. I know from personal experience that there are Democrats out there who are actually far more like we constitutionalists and "right wing extremists" than they may realize. I ask that you take the following points into account, regardless of what the system decides to label us... We Are Being Divided By False Party Paradigms Many Democrats and Republicans are not stupid, and want above all else to see the tenets of freedom respected and protected. Unfortunately, they also tend to believe that only their particular political party is the true defender of liberty. The bottom line is, at the top of each party there is very little if any discernible difference between the two. If you ignore all the rhetoric and only look at action, the Republican and Democratic leadership are essentially the same animal working for the same special interests. There is no left and right; only those who wish to be free, and those who wish to control. Last year, the "Left and the "Right" experienced an incredible moment of unity after the introduction of the NDAA. People on both sides were able to see the terrifying implications of a law that allows the government to treat any American civilian as an enemy of war without right to trial. In 2013, the establishment is attempting to divide us once again with the issue of gun disarmament. I have already presented my position on gun rights in numerous other articles and I believe my stance is unshakeable. But, what I will ask anti-gun proponents and on-the-fence Democrats is this: How do you think legislation like the NDAA will be enforced in the future? Is it not far easier to threaten Americans with rendition, torture, and assassination when they are completely unarmed? If you oppose the NDAA, you should also oppose any measure which gives teeth to the NDAA, including the debasement of the 2nd Amendment. Democrats Are Looking For Help In The Wrong Place Strangely, Democrats very often search for redress within the very system they know is criminal. For some reason, they think that if they bash their heads into the wall long enough, a door will suddenly appear. I'm here to tell you, there is no door. The biggest difference between progressives and conservatives is that progressives consistently look to government to solve all the troubles of the world, when government is usually the CAUSE of all the troubles in the world. The most common Democratic argument is that in America the government "is what we make it", and we can change it anytime we like through the election process. Maybe this was true at one time, but not anymore. Just look at Barack Obama! I would ask all those on the Left to take an honest look at the policies of Obama compared to the policies of most Neo-Cons, especially when it comes to constitutional liberties. Where is the end to Middle Eastern war? Where is the end to domestic spy programs? Where is the end to incessant and dictatorial executive orders? Where is the conflict between the Neo-Cons and the Neo-Liberals? And, before you point at the gun control debate, I suggest you look at Obama's gun policies compared to Mitt Romney's and John McCain's – there is almost no difference whatsoever… If the two party system becomes a one party system, then elections are meaningless, and electing a new set of corrupt politicians will not help us. Democrats Value Social Units When They Should Value Individuals Instead Democrats tend to see everything in terms of groups. Victim status groups, religious groups, racial groups, special interest groups, etc. They want to focus on the health of the whole world as if it is a single entity. It is not. Without individuals, there is no such thing as "groups", and what we might categorize as groups change and disperse without notice. Groups do not exist beyond shared values, and even then, the individual is still more important in the grand scheme of things. As a former Democrat, I know that the obsession with group status makes it easy to fall into the trap of collectivism. It is easy to think that what is best for you must be best for everybody. This Utopian idealism is incredibly fallible. Wanting the best for everyone is a noble sentiment, but using government as a weapon to force your particular vision of the "greater good" on others leads to nothing but disaster. The only safe and reasonable course is to allow individuals to choose for themselves how they will function in society IF they choose to participate at all. Government must be left out of the equation as much as possible. Its primary job should be to safeguard the individual's right to choose how he will live. You have to get over the fact that there is no such thing as a perfect social order, and even if there was, no government is capable of making it happen for you. Democrats Can Become As Power-Mad As Any Neo-Con I think it is important to point out how quickly most Democratic values went out the door as soon as Barack Obama was placed in the White House. Let's be clear; you cannot claim to be anti-war, anti-torture, anti-assassination, anti-surveillance, anti-corporate, anti-bank, anti-rendition, etc. while defending the policies of Obama at the same time. This is hypocrisy. I have heard some insane arguments from left leaning proponents lately. Some admit that Obama does indeed murder and torture, but "at least he is pushing for universal health care…". Even if it did work (which it won't), is Obamacare really worth having a president who is willing to murder children on the other side of the world and black-bag citizens here at home? Do not forget your moral compass just because you think the system is now your personal playground. If you do, you are no better than all the angry bloodcrazed Republicans that bumbled into the Iraq War while blindly following George W. Bush. There Is A Difference Between Traditional Conservatives And Neo-Cons Neo-Cons are not conservative. They are in fact socialist in their methods, and they always expand government spending and power while reducing constitutional protections. The "Liberty Movement", of which I am proudly a part, is traditional conservative. We believe that government, especially as corrupt as it is today, cannot be trusted to administrate and nursemaid over every individual in our nation. It has proven time after time that it caters only to criminally inclined circles of elites. Therefore, we seek to reduce the size and influence of government so that we can minimize the damage that it is doing. For this, we are called "extremists". Governments are not omnipotent. They are not above criticism, or even punishment. They are merely a collection of individuals who act either with honor or dishonor. In the Liberty Movement, we treat a corrupt government just as we would treat a corrupt individual. We do not worship the image of the state, nor should any Democrat. Liberty Minded Conservatives Are Not "Terrorists" There will come a time, very soon I believe, when people like me are officially labeled "terrorists". Perhaps because we refuse gun registration or confiscation. Perhaps because we develop alternative trade markets outside the system. Maybe because some of us are targeted by federal raids, and we fight back instead of submitting. Maybe because we speak out against the establishment during a time of "declared crisis", and speech critical of the government is labeled "harmful to the public good". One way or another, whether you want to believe me now or not, the day is coming. Before this occurs, and the mainstream media attacks us viciously as "conspiracy theorists" and traitors, I want the Left to understand that no matter what you may hear about us, our only purpose is to ensure that our natural rights are not violated, our country is not decimated, and our republic is governed with full transparency. We are not the dumb redneck racist hillbilly gun nuts you see in every primetime TV show, and anyone who acts out of personal bias and disdain for their fellow man is not someone we seek to associate with. We fight because we have no other choice. Our conscience demands that we oppose centralized tyranny. We do what we do because the only other option is subservience and slavery. Many of the people I have dealt with in the Liberty Movement are the most intelligent, well-informed, principled and dedicated men and women I have ever met. They want, basically, what most of us want:
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| CBOE Special Feature – YouTube Posted: 16 Jan 2013 04:48 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | |||||||||||||||||||||||||||||||||
| The “Dogs of the Dow” Investment Strategy Is a Winner On 2 Counts Posted: 16 Jan 2013 04:44 PM PST Register to "Follow the munKNEE" and automatically receive all articles posted The "Dogs of the Dow" is a simple and effective strategy that has So writes Andy Crowder (www.wyattresearch.com) in edited excerpts from his original article* entitled A Conservative Strategy to Consistently Beat the Dow.
Crowder goes on to say in further edited excerpts: Our goal is to provide you with long-term strategies that will carry you into retirement and beyond…[and] one of my favorite long-term strategies is "The Dogs of the Dow". Here's how it works:
Historically, the Dogs of the Dow strategy have outperformed the larger Dow by approximately 3% a year. It doesn't get any simpler, right? In order of current yields, 2013's Dogs of the Dow are made up of the following stocks:
While the Dogs have beaten the Dow 30 Industrial Average's performance in two of the last three years, they've only come out ahead in three of the last seven, but simply beating the Dow is not the be-all and end-all of this strategy. Of particular interest to income investors is the fact that the Dogs start every year with a distinct advantage over the rest of the Industrials. This time around it's a combined yield of just below 4.0% versus about 2.6% for the index as a whole. That may not sound like much but in a world where money-market funds and bank accounts pay about one-tenth of a percentage point, and with the Federal Reserve resolving to keep things that way until at least 2014, solid blue chip stocks with good yields tend to be sought out by a wide group of investors, both retail and institutional. This suggests that the underlying demand for these shares will remain strong, if not increase, in the quarters ahead.
*http://www.wyattresearch.com/article/a-conservative-strategy-to-consistently-beat-the-dow/29250 (If you would like to learn more about options and how you can generate steady income month in and month out… then consider taking a free, 30-day trial to our real money alert service, Options Advantage. You'll discover exactly how our resident options expert, Andy Crowder, is using high probability trades to steadily grow a $25,000 real money portfolio. Every trade is executed for real… and readers are alerted instantly, so they can invest right alongside Andy. Click here to try Options Advantage, free.)
Related Articles: 1. Start Investing In Equities – Your Future Self May Thank You. Here's Why
2. Gold Stocks Go Up Dramatically In Inauguration Years – Will Another +20% Increase Occur This Year?
3. The S&P 500 Continues to Rapidly Build Its "Domed House" As Projected
4. Investors, Get Fully Invested! S&P 500 On Verge of Entering Euphoria Stage of Cyclical Bull Market
5. You, Too, Can Achieve a 100% Return on Your Investments – Here's How
6. U.S. Events Suggest It's Time to Further Internationalize Your Portfolio
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| Market Remains Fixated on Corporate Fundamentals Thursday – YouTube Posted: 16 Jan 2013 04:44 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | |||||||||||||||||||||||||||||||||
| Germany Gold: Central bank to bring home some reserves Posted: 16 Jan 2013 04:24 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  | |||||||||||||||||||||||||||||||||
| Now Available: Debit Cards Backed By Actual Gold & Silver! Posted: 16 Jan 2013 04:05 PM PST [B][B][B][COLOR=#ff0000]Register[/B][/B][/B] to[B] [B][B][B][B]"Follow the munKNEE"[/B][/B][/B][/B] [/B][/COLOR]and automatically receive all articles posted [B]Put Yourself on the Gold Standard. Get the World’s only True Gold & Silver Debit Cards. [/B] Precious metals have historically been excellent ways to preserve one's purchasing power over the long term.* However, in today's world, they do not act well as a medium of exchange. To solve this problem Peter Schiff and his teams worldwide have worked out a totally new service: the first Gold and Silver Debit cards that gives bank customers access to their gold and silver*holdings. So says Peter Schiff ([url]www.europac.net[/url]) in edited excerpts from his online promotion* for his new offering in an article entitled Peter Schiff Reveals CPI Propaganda By Calculating Real Price Inflation. [INDENT] *This article is presented compliments of [B]www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive m... | |||||||||||||||||||||||||||||||||
| The Grand Council Of The Universe Posted: 16 Jan 2013 03:42 PM PST January 12, 2013 Mogambo Guru I have been extraordinarily busy lately responding to an inter-stellar memo from Zygarb, the new hotshot poobah of the Grand Council Of The Universe, of whom I know nothing except that he is a dumb-ass jerk, he thinks that I am disrespectful, and that Earthlings are de-evolving back into the primordial slime because the un-fittest genetic mutants of the population don't die young anymore, but live and breed. In particular, he demands to know that if, as an Earthling named Milton Friedman so famously said, that "inflation is always and everywhere a monetary phenomenon," how come his stash of gold is not rising in price in tandem with the rise in prices, which John Williams, another Earthling, calculated in his Shadowstats.com website is over 9%? Nine Freaking Percent (NFP)! Yikes! At that rate, prices will double prices in 8 years! But as high and frightening as that is, it pales in comparison to the increases in the world's money supply as the central banks are creating, every day, insane amounts of money and credit to forestall the inevitable financial collapse of a stupid fiat-money economy, resulting in highly-indebted people, highly-indebted companies, highly-indebted governments and a bizarre, bloated, suicidal government-centric economy. You, and Zygarb, are right to wonder why general prices are not soaring, and thus why gold is not soaring in price, and thus why you are not dancing around the house, giggling and laughing and saying "We're freaking rich!" Well, Zygarb and you certainly have a good point, which is difficult to explain if you don't understand the concept of lag-time, which is where you do something now, and then something happens later as a direct result. There are many kinds of lag time. The shortest one I have ever witnessed was one time when I wanted to borrow a few dollars from my wife so that I could get the hell out of the damned house and into some alcoholic beverage to celebrate, as I said, getting the hell out of the damned house. I said only "Hey! Can I b…" before she instantly -- instantly! --said "No!" And it was almost another short-lag-time record when I instantly -instantly! -- realized that the REASON for the hissing, nasty way she said "No!" was because I was a lazy, good-for-nothing, paranoid lunatic whack-job, and she should have listened to her parents, and her friends, and everybody she knew, when they told her "Don't marry that Mogambo Moron (MM) because he is a lazy, good-for-nothing, paranoid lunatic whack-job," but she didn't listen to them, boo-hoo-hoo, and now I am going to hear all about it for the ten-thousandth time. A much, much longer lag-time, now taking years, is that time between huge increases in the money supply (monetary inflation) and the huge rise in prices (price inflation) that must necessarily result. Perhaps just by coincidence or by some kind of divine intervention, I dunno which, my attention was grabbed by the title of an essay, which was "Era of Monetary EXPLOSION Will Bring The Worst Inflation of Our Lifetimes." It was written by Martin D. Weiss, of Money and Markets newsletter, and which expresses my sentiments exactly, including his use of all-capital letters in EXPLOSION, although I would have added, although it was implied, "We're Freaking Doomed (WFD)!" He says "the U.S. economy is stumbling, Japan's economy is dead in the water, and Europe's has sunk into the long-feared double-dip recession. "What most people don't realize is that the global economic weakness is actually a blessing in disguise … because without it, the dramatic expansion of money printing would already be causing an equally dramatic explosion in prices." In short, the value of the dollar, and most other currencies, will continue to go down because the central banks of the world, including our own despicable Federal Reserve under the chairmanship of the equally-despicable Ben Bernanke, are creating so much money, but thanks to the moribund world economy, the damage will be gradual, if you think 9% inflation is "gradual," but it will ultimately be so, so much worse. Fatal, probably. So buy gold, silver and oil with both hands, using all the money you have at hand, and with all the money you can borrow from neighbors, friends and relatives, because one day soon, like Junior Mogambo Rangers (JMRs) at mogamboguru.com and everywhere across the universe, you will make merry when their prices soar, soar, soar because of the massively, insanely, unbelievable, continual creations of more and more money and credit. And if you do buy gold, silver and oil, then, like the aforementioned JMRs on the aforementioned "one day soon," you will also, perhaps, exclaim gleefully "Whee! This investing stuff is easy!"  | |||||||||||||||||||||||||||||||||
| Making Sense of Germany's Gold Repatriation Posted: 16 Jan 2013 03:29 PM PST It's now official. The BBC reported today that Germany's central bank is to bring back almost 700 tonnes of gold reserves it keeps in New York and Paris. By 2020, half of its gold bars will be in its vaults, the Bundesbank said. It currently keeps less than a third at home. Why it takes 7 years [...]  This posting includes an audio/video/photo media file: Download Now | |||||||||||||||||||||||||||||||||
| It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold Posted: 16 Jan 2013 03:16 PM PST With the market yet another algo-controlled snoozer, programmed to close the S&P just green (as otherwise confidence in central planning may fail), the key things we learned today are as follows: Obama proposed 23 "gun controling" executive actions, which do little to actually control guns - that part falls to Congress, where the proposal will be promptly killed - but which will add some $4.5 billion to US spending, and which will "push for further action on his health care law, including insisting on the kind of mental health coverage states must provide under their Medicaid programs." The breakdown of the spending is as follows, per Weekly Standard:
What can one say: politics, fully, theatrically and embarrassingly "endorsed" by the children sitting behind the president. * * * But the biggest news of the day comes from the official Buba announcement that, in its official capacity as a prudent central bank, it - as first of many - is looking to repatriate some 300 tons of gold from the New York Fed. That, however, is not today's news - that was Monday's news. What is news is that courtesy of the supplied calendar of events in the Buba statement, it will take the Fed some seven years to procure Germany's 300 tons of gold. This is the same Fed that, in its own words, holds some "216 million troy ounces of gold" or some 6720 tons, in its vault 80 feet below ground level. Putting the above in perspective, the amount of gold that Germany will have to wait 7 years for is shown in red. The amount of gold the Fed supposedly holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7 years to part with an amount of gold that is less than 5% of its total holdings is anyone's guess... unless of course, the bulk of the gold in the column on the right has been rehypothecated numerous times to serve as collateral for countless counterparties, and it is no longer clear just who own what to anyone. * * * We can only wonder how many centuries it will take the New York Fed to deliver all the gold held by third parties in its vault, once the demand notices start rushing in... For all those curious how the Fed itself describes the gold vault and its contents, can read more in the pamphet below:
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| Gold Seeker Closing Report: Gold and Silver End Slightly Higher Posted: 16 Jan 2013 02:27 PM PST Gold climbed $5.86 to $1684.76 in Asia before it fell back to $1673.59 at about 8AM EST, but it then rallied back higher in New York and ended with a gain of 0.06%. Silver rose to $31.46 in Asia before it fell back to $31.07 in London, but it then climbed to as high as $31.551 in New York and ended with a gain of 0.25%. | |||||||||||||||||||||||||||||||||
| Major Inflation Can Either Destroy You OR Make You a Fortune – The Choice is Yours Posted: 16 Jan 2013 02:25 PM PST Register to "Follow the munKNEE" and automatically receive all articles posted We know that state-run central banks ALWAYS try to inflate their way So writes Kevin McElroy (www.wyattresearch.com) in edited excerpts from his original article entitled Ben Bernanke Is A Commodity Investors Best Friend.
I truly believe that inflation is one of the worst and most insidious forms of theft that plagues this country. It's an inconvenient fact that inflation hurts poor people the most. It's a regressive tax. Depressed wages, higher energy costs, high unemployment, endless war, tax increases, benefit cuts – these societal maladies all stem from inflation, which of course is a byproduct of excessive debt. I believe these inflationary policies will: negatively:
positively:
That's why it's of vital importance that you give yourself…"an ownership stake" in some of the trophy commodity investments that are available today.
*http://www.wyattresearch.com/article/ben-bernanke-is-a-commodity-investors-best-friend/29242
Related Articles: 1. If You Are Not Preparing For a US Debt Collapse, NOW Is the Time to Do So! Here's Why
2. What is the Best Way to Inflation-Proof Your Portfolio? Here are the Options and Recommendations
3. Once Inflation Starts There Will Be NO Stopping It!
4. Major Inflation is Inescapable and the Forerunner of an Unavoidable Depression – Here's Why
5. Major Price Inflation Is Coming – It's Just a Matter of Time! Here's Why
6. Gold & Silver vs. Fiat: Do You Live In An Imaginary World Or In Reality?
7. What's Presently Occurring Is Unsustainable & It's Inevitable It Will End – Badly! Here's Why
9. What is Financial Repression? Why It Will Fail
10. Video: What Could Happen in the First 12 Hours of a US Dollar Collapse
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| Gold bulls expect boost from US downgrade Posted: 16 Jan 2013 02:22 PM PST 16-Jan (Financial Times) — A likely US credit rating downgrade will spur a fresh wave of investment in gold this year, helping the metal return to record prices, according to a leading precious metals consultancy. Thomson Reuters GFMS, which produces benchmark supply and demand statistics for the gold market, acknowledged that some investors had become disillusioned with the precious metal's recent performance but predicted a turnround in fortunes. "What we're seeing is a fairly extended pause and period of consolidation before gold makes another move higher," said Philip Klapwijk, head of metals analytics. "The US is bound to lose its triple A rating." [source] | |||||||||||||||||||||||||||||||||
| Another V-Shaped Stock Recovery - But Rates And Credit Ain't Buying It Posted: 16 Jan 2013 02:18 PM PST From last Friday, the S&P 500 had decoupled somewhat (trading in a 10 point range) from credit markets (which had widened notably) while spot VIX had caught up (and over-taken) stocks. Today saw HYG (the high-yield bond ETF) trade sideways to lower all day long, catching down to its credit derivative market cousins, as VXX was the lever of choice to ramp stocks to test the week's highs once again (and scratch a few more stops). However, while AAPL made it up to the lows of the last swing down amid thin volumes, the last hour saw mid-dated volatility being bought which pushed VXX higher and reverted it towards rates and credit un-exuberance. Treasuries ended the day green once again and the USD drifted higher (though most of FX traded in extremely tight ranges). Silver rose further, Gold trod water, and oil played some catch up to the precious metals. Tech outperformed (thanks to AAPL) but financials (apart from some early vol) did nothing - despite Mario Monti's call that "the crisis is over." Another low-range, low volume, mediocre trade size, close-near-the-open day in stocks with bonds bid - and futures fade after-hours.
They tried to lever HYG but its call-caps were done, so once again they shifted back to VXX and it was compliant (interest rate complex did not play along)...
S&P 500 futures stage another V-shaped recovery to unch on the week - taking out a few more stops then fading back to VWAP for the close... and the infamour 8amET turnaround story...
AAPL filled the gap from the 12/28 lows and VWAP (and faded into the close)...
Treasury yields continue to slide - so much for the great rotation (oh please make it true, it was such a nice meme there for a day or two...)... yields dropping each day this week
Equity markets remains alone relative to credit this week...
Low range day but cross-asset-class correlation picked up with stocks reverting to their ETF cousin's view of the world into the close...
It seems once again, given the range-bound week, that the algos are running out of leverage (VIX limited given the term-structure, HY limited by call constraints, rates limited by POMO, and USD limited as world plays ping-pong with verbal intervention)... I guess we 'hope' for magical earnings...
Charts: Bloomberg and Capital Context
Bonus Chart: Gold and the S&P 500 have recoupled from 1/4/13 - moving tick for tick this afternoon...
Bonus Bonus Chart: Some 2011 Debt Ceiling Deja-Vu in VIX Term Structure...
Bonus Bonus Bonus Chart: The breadth today was very weak... | |||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - On the Brink of a New Currency War Posted: 16 Jan 2013 02:10 PM PST  This posting includes an audio/video/photo media file: Download Now | |||||||||||||||||||||||||||||||||
| All NEW GoldReview.com Launches! Posted: 16 Jan 2013 02:00 PM PST We are extremely pleased and excited to announce a new resource for the gold and silver community! GoldReview.com is a one-stop GOLD & SILVER News Headlines website providing you with a quick and easy overview of the global precious metals markets. | |||||||||||||||||||||||||||||||||
| Sinclair, Barron, and Leeb on the Bundesbank's strange gold move Posted: 16 Jan 2013 01:59 PM PST 3:50p ET January 16, 2013 Dear Friend of GATA and Gold: Comment is flowing in on the Bundesbank's plan to repatriate all of a fifth of its gold held at the Federal Reserve Bank of New York over the next seven years. Jim Sinclair argues that the move is retaliation by the euro bloc for U.S. attacks on gold that hamper the euro bloc's strategy for strengthening its new currency: http://www.jsmineset.com/2013/01/16/germany-reacts-to-the-retiring-treas... At King World News, mining entrepreneur Keith Barron joins those who believe that most of Germany's gold has departed into the market through secret leases: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/16_Ge... Also at King World News, fund manager Stephen Leeb agrees that the gold is gone but adds that the United States and China both want the gold price restrained at the moment, the U.S. because it is just about out of gold and China because it wants to get a lot more before the price explodes: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/16_Wh... CHRIS POWELL, Secretary/Treasurer 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 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... | |||||||||||||||||||||||||||||||||
| Ira Epstein's Weekly Metal Report Posted: 16 Jan 2013 01:58 PM PST I've recently read a number of gold reports concerning predictions on what 2013 holds for gold prices. The vast number of the reports I've read don't expect sharply higher gold prices in 2013. Most of the predictions seem to be centering on prices trading no higher than the mid to high 1800's. I keep seeing an average price guesses centering on $1750 for 2013. While this is all nice as far as the academics of price predictions go, as a trader you have to take the market either a day or week at a time. Beyond that you're probably not trading, you're investing. Until prices take out 1653.3, the uptrend looks intact but overbought. Support is down at 1667.1. | |||||||||||||||||||||||||||||||||
| Posted: 16 Jan 2013 01:51 PM PST If there is one central myth supporting the folly that passes for monetary policy and by extension fiscal policy, it would have to be the unchallenged assumption that money should be defined and controlled by government. Given the role of money in the economy - that it is one-half of virtually every transaction - nothing has been more destructive to the well-being of most people than the government's usurpation of money from the market. Money was once the most marketable commodity (Ludwig von Mises, 1912). Today, money is whatever the government says it is, and since 1933 in the U.S. it has been pieces of paper or their digital substitutes issued by the central bank and its members, the commercial banks. What's wrong with having the government or its agent, the central bank, define money and regulate its supply, which in practice means regulating the rate at which the supply is increased? First, the money is not theirs - it doesn't belong to the government or the central bank. Banks legitimately get their funds from depositors or investors. Anything they create on their own through fractional-reserve lending is fraudulent, because they're guaranteeing the same dollar to both a borrower and a depositor. Government gets its revenue through the threat of violence and cannot rightfully claim ownership of any of it. Property rights violations notwithstanding, why is this a harmful arrangement economically? Because the government-supported banking system is a counterfeiting racket. The act of counterfeiting money consists of duplicating the legal tender or standard currency and passing it off as legitimate. The process allows the counterfeiter to default undetected on his end of the trade when he spends it because his money does not represent goods or services produced. The subsequent increase in the supply of money puts downward pressure on the purchasing power of the monetary unit, so that holders of previously existing money are in effect paying for the counterfeiter's purchases. Murray Rothbard discusses the counterfeiting process in his book, The Mystery of Banking. Counterfeiting, and the resulting inflation [of the money supply], is therefore a process by which some people—the early holders of the new money—benefit at the expense of (i.e. they expropriate) the late receivers. The first, earliest and largest net gainers are, of course, the counterfeiters themselves. . . .Kings of old could debase their coins and pass them off as the real thing but this was a slow, tedious process that didn't yield much revenue. Not only that, people grew wise to it and found ways to tell a cheat from a genuine article. And they saw it as a cheat, not as a way of increasing GDP, or making the price of exports more competitive, or stabilizing the price level. Paper money changed all that. People deposited their gold and silver in banks for safekeeping, then used the paper claims to the metal as convenient substitutes for money. Bankers soon proved they couldn't be trusted. They would give in to the temptation to loan out some of their deposits at interest, having observed that most people were satisfied using the paper itself in their transactions and would rarely redeem it for the gold or silver. When noteholders and depositors came running to redeem their rightful claims and the banks proved unable to comply, the government allowed the banks to turn them away empty-handed while remaining in business. Slamming the doors on legitimate note holders and depositors was embarrassing to the banks, not to mention unprofitable. Thus in the U.S. the biggest bankers pushed for and finally got a law passed in 1913 that created a central bank - the Federal Reserve. Economist Joe Salerno describes the Fed as a cartelizing device that limits entry into and regulates competition within the lucrative fractional-reserve banking industry and stands ready to bail it out, thus guaranteeing its profits and socializing its losses. p. xxiFor a few years there was a serious problem with this arrangement: gold stood in the way. Central banks could conceivably counterfeit gold but the fake coins would differ in composition from the real thing and would be subject to detection. From the counterfeiters' perspective, the beauty of paper money is that it all looked the same. Gold was subsequently framed as one of the causes of the Great Depression and by decree paper, the money substitute, became money itself. The president the people elected seized their gold and locked it up in the Fort Knox Bullion Depository. As dollars can now be created with a few keystrokes, it has proven trivial to fund trillion dollar deficits and endless rounds of QE. Today, the rich are getting richer and the poor are getting poorer not because of "capitalism," but because of a government-supported monetary system that enriches designated counterfeiters and their beneficiaries at the expense of other dollar holders. Ironically, Milton Friedman, never a champion of a gold coin standard, had priceless insight to how it worked: If a domestic money consists of a commodity, a pure gold standard or cowrie bead standard, the principles of monetary policy are very simple. There aren't any. The commodity money takes care of itself. p. 366Given that monetary policy today consists of varying degrees of counterfeiting, we need to get government out of the way and let the market-designated money - whatever it may be - take care of itself. |
Today a legend in the business told King World News, "… the German gold hoard, which is supposed to be stored at the Fed, may already be gone." Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also believes countries like Germany, Austria, and others are in serious danger of having claims on their gold stored at the Fed evaporate.
Whether our current economic crisis will end with massive inflation or in a deflationary spiral (ultimately, either one results in a Depression) is more than an academic one. It is the single most important variable for near and intermediate term investing success. It is also important in regard to taking actions which can prepare and protect you and your family. [Here is my assessment of what the future outcome will likely be and why.] Words: 1441
The developed economies of the world have opened the money spigots…[and this] massive money and credit creation is sitting in the banking system like dry tinder just waiting for a spark to set it ablaze. How quickly it happens is anyone's guess, but once it does we are likely to be enveloped in a worldwide inflation unlike anything before ever witnessed. [Let me explain further.] Words: 625
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