Gold World News Flash |
- German Gold Claw Back Causes Concern
- Which Country Doesn't Mind A Strong Currency...???
- Standard Bank says physical gold purchases unusually high
- Bundesbank chief warns that central banks are being pushed into currency war
- Bundesbank's gold repatriation is 'world historical,' Rickards says
- Biderman – The Fed Admits it was Clueless ahead of Financial Crisis
- The One Chart That Explains the Massive Risk of Investing in Gold & Gold Stocks
- How Far Up Could Silver Go?
- Massive Squeeze Coming As WGC Confirms Gold-Backed Yuan
- SLV Silver “Ownership”
- Why Doug Kass, Marc Faber Remain Bearish on Apple
- Politicians Continuing to Kick the Debt Can Down the Road? | Fox Business Video
- Andrew Craig on how to win at investing
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| German Gold Claw Back Causes Concern Posted: 23 Jan 2013 07:32 AM PST A particularly interesting aspect of the announcement that has been largely ignored is the extraordinarily lengthy seven year time period in which the Germans expect to receive back their gold. The 300 tons they're repatriating from the New York Fed reflects just five percent of the more than 6,700 tons held there. It strikes many as unusual that the Fed would need so much time to deliver what should be a manageable withdrawal. |
| Which Country Doesn't Mind A Strong Currency...??? Posted: 23 Jan 2013 07:22 AM PST Gold is the largest component of my currency basket—which is made up of an ever-changing list of paper currency longs and shorts. While this isn't the first time that I have added the Ruble, I have a hunch that this is the start of something bigger for me. The Russians are increasingly getting their act together and in a race to the bottom, they may be the only ones who decide not to get involved in that race. |
| Standard Bank says physical gold purchases unusually high Posted: 23 Jan 2013 12:32 AM PST By Nicholas Larkin http://www.bloomberg.com/news/2013-01-23/standard-bank-says-physical-gol... LONDON -- Physical gold demand has been unusually strong for this time of year, with "good buying" from Southeast Asia, according to Standard Bank Plc. The Standard Bank Gold Physical Flow Index signaled demand climbed to the highest since November, the bank wrote in an e-mailed report yesterday. Purchases typically pick up toward the end of the year amid religious festivals and the wedding season in India. Gold reached a four-week high of $1,696.28 an ounce in London on Jan. 17. India, the biggest buyer in 2011, raised taxes on gold imports two days ago to reduce a record current-account deficit and to moderate demand. Standard Chartered Plc said earlier this month that its gold shipments to India soared on mounting concern the duty would be raised. While gold has gained for the past 12 years, the best run in at least nine decades, prices dropped as much as 9.5 percent from October through Jan. 4. ... Dispatch continues below ... ADVERTISEMENT Opinion Around the World Is Changing When Deutschebank calls gold "good money" and paper "bad money". ... http://www.gata.org/node/11765 When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ... http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan... When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ... http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan... When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ... http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold... When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ... World opinion is changing in favor of gold. How can you learn why and what it will mean to you? Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard." Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him." To buy a copy of "The True Gold Standard," please visit: http://www.thegoldstandardnow.com/publications/the-true-gold-standard "It was strong in November and that's normally a usual seasonal pattern that we see coming through from Indian post-monsoon, wedding season buying," Marc Ground, a commodity strategist at Standard Bank in Johannesburg, said by phone yesterday. "The fact that January is as high as we see in November usually -- that's unusual. There was probably some Indian buying ahead of this tariff increase." Bullion for immediate delivery rose 1.1 percent this year to $1,693, after advancing 7.1 percent last year. It rebounded above the 200-day moving average, currently at about $1,663, earlier this month. Investors own 2,618.8 metric tons through exchange-traded products, a hoard valued at $142.5 billion and bigger than the official reserves of all but two nations, data compiled by Bloomberg show. Gold gained last year as central banks from the U.S. to China pledged more action to bolster economies. The Bank of Japan (8301) said yesterday it will buy about 13 trillion yen ($147 billion) in assets per month from January 2014 and set a 2 percent inflation target. "Gold should find support from the BOJ stimulus as the liquidity created by the BOJ finds its way into the broader global economy," Standard Bank analyst Walter de Wet wrote in the report. "We still expect $1,700 to provide resistance and $1,660 to provide support. If gold manages to break through $1,700, we would target $1,720." India raised import duties on gold and platinum to 6 percent immediately from 4 percent. A levy on gold ore, concentrate, and so-called dore bars for refining will be doubled to 4 percent, and an excise tax on refined gold will climb to 5 percent from 3 percent. About 80 percent of India's current-account deficit, the broadest measure of trade, tracking goods, services, and investment income, is due to gold imports, according to the Reserve Bank of India. Buying gold is considered auspicious in India during religious festivals and weddings. The festivals start in August and end in November, and are followed by the wedding season. Join GATA here: California 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 Fred Goldstein and Tim Murphy open All Pro Gold Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and Tim@allprogold.com, Fred at 602-799-8378 and Fred@allprogold.com. Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at http://www.allprogold.com/. |
| Bundesbank chief warns that central banks are being pushed into currency war Posted: 23 Jan 2013 12:11 AM PST ECB's Weidmann: Pressure on Central Banks Risks FX Competition From Reuters http://www.reuters.com/article/2013/01/21/ecb-weidmann-currency-idUSL6N0... FRANKFURT, Germany -- Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan. Weidmann is the latest in a string of policymakers worldwide to warn of the threat of a "currency war" as central banks pump out cash to support their economies, reducing their value in the process. He said the pressure that Japan's new government has put on the Bank of Japan to deliver bolder monetary easing endangered the central bank's independence, as did the actions of Hungary's government. "Already alarming violations can be observed, for example in Hungary or Japan, where the new government is interfering massively in the business of the central bank with pressure for a more aggressive monetary policy and threatening an end to central bank autonomy." ... Dispatch continues below ... ADVERTISEMENT Fred Goldstein and Tim Murphy open All Pro Gold All-Pro Gold, run by long-time GATA supporters Fred Goldstein and Tim Murphy, offers its services to GATA supporters and anyone else interested in precious metals. The company brokers a full line of precious metals and numismatic coins. It aims to inform prospective clients about the importance of the monetary metals as part of a diversified financial portfolio and to keep prospective clients current with market trends. All-Pro Gold has competitive pricing and ships promptly to clients so they may have physical possession. Learn more by e-mailing Fred@allprogold.com or Tim@allprogold.com or telephone 1-855-377-4653 or visit www.allprogold.com. "A consequence, whether intentional or unintentional, could moreover be an increased politicisation of exchange rates," the Bundesbank chief, who also sits on the ECB's Governing Council, said in a speech at a Deutsche Boerse New Year's event. "So far the international currency system has come through the crisis without a devaluation competition, and I hope very much that remains the case," Weidmann added in a section of his speech entitled "independence of central banks in danger." Last Wednesday Russian central banker Alexei Ulyukayev said Japan is acting to weaken its currency and there is a danger that others will follow suit and foster a round of destabilising devaluations. Russia holds the G20 presidency this year, a forum at which currencies and their relative values is likely to surface. Plans for the ECB to begin supervising banks were consistent with a trend outside the euro zone for central banks to be given more tasks that lie beyond their core mandate, Weidmann said. "But the overburdening of central banks with tasks and expectations is definitely not the right way to overcome the crisis in a sustainable way," he added. "Central banks protect their independence best by interpreting their task narrowly. The key to handling the crisis does not lie with the central banks." Weidmann's comments echo remarks by James Bullard, a senior Federal Reserve official, who said this month the world's top central banks had sacrificed some of their independence to contain the financial crisis, describing the ECB's bond programme as a "fiscalisation" of monetary policy. Weidmann struck a bleak note on the prospects of both the euro zone and the United States overcoming their debt problems, saying there was no quick, simple way to fix them. "The adjustment process to bring state finances and economic structures back into order is not a matter of months or a few years," he said. But he was more upbeat on the economic prospects for the German economy, saying that although it would probably be "powerless" in the first quarter it should pick up noticeably later in 2013. "The German economy remains in good shape," Weidmann added. He also appeared to warm to an idea put forward by an EU advisory group last October for a legal separation of banks' commercial and investment banking operations in an attempt to shield taxpayers from having to fund further bailouts and to protect savers from any more banking collapses. "The creation of legally, organisationally, and commercially self-contained trading units can help to protect deposit banks without sacrificing the advantages of Germany's universal banks," Weidmann said in comments that marked a shift from the Bundesbank's earlier position that did not give much credit to the proposal. Join GATA here: California 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 Opinion Around the World Is Changing When Deutschebank calls gold "good money" and paper "bad money". ... http://www.gata.org/node/11765 When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ... http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan... When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ... http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan... When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ... http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold... When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ... World opinion is changing in favor of gold. How can you learn why and what it will mean to you? Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard." Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him." To buy a copy of "The True Gold Standard," please visit: http://www.thegoldstandardnow.com/publications/the-true-gold-standard |
| Bundesbank's gold repatriation is 'world historical,' Rickards says Posted: 22 Jan 2013 11:36 PM PST 10:35p PT Tuesday, January 22, 2013 Dear Friend of GATA and Gold: Having relocated from Russia Today to Yahoo Finance's "Daily Ticker" program, Lauren Lyster today interviewed fund manager and "Currency Wars" author James G. Rickards about the Bundesbank's attempt to repatriate some of Germany's gold, a move Rickards considers "world historical" in importance, confirming that gold is "the real base money, high-powered money." Rickards also expects that China this year or next will announce a tripling or quadrupling of its gold reserves after acquiring the metal surreptitiously. The interview is five minutes long and can be viewed at Yahoo Finance here: http://finance.yahoo.com/blogs/daily-ticker/central-banks-repatriate-gol... CHRIS POWELL, Secretary/Treasurer 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... Join GATA here: California 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 |
| Biderman – The Fed Admits it was Clueless ahead of Financial Crisis Posted: 22 Jan 2013 11:31 PM PST Trim Tabs' Charles Biderman has some choice things to say about the Federal Reserve, beginning with a recent admission that they were clueless five years ago, just "minutes before" the 2007-2008 financial crisis. Biderman is like the child who said the emperor is naked. (Video below.) Source: Biderman's Daily Edge via YouTube http://www.youtube.com/watch?feature=player_detailpage&v=iPuszjU9YqU&list=UU_FouojmbzN_jwBVkroDQBw |
| The One Chart That Explains the Massive Risk of Investing in Gold & Gold Stocks Posted: 22 Jan 2013 11:30 PM PST by JS Kim, SilverBearCafe.com:
So why is it that all the leading Wall Street investment firms stated during the visible onset of the global financial crisis in 2008 (versus the real onset of the global financial crisis quite a few years earlier) that gold was one of the riskiest assets in which one could possible invest? The simple answer, of course, is that if they were the ones involved in the scam to take gold and silver prices down back then, then certainly they would not tell you that the steep, rapid (but short-lived) drop in gold/silver prices was a massive buying opportunity. |
| Posted: 22 Jan 2013 10:30 PM PST by Przemyslaw Radomski, Silver Seek:
As it turned out that the end of 2012 was not the end of the U.S. economy and the "fiscal cliff" was a mere scarecrow and not the doom of the financial markets, a rally begun. Will it be the long-awaited rally that could bring precious metals to their new all-time high? There are no certainties on any market, but as the correlations seem to be returning to normal, it gets more and more likely. This is because precious metals are not the only assets that have gone up in price recently – the general stock market, in fact, seems to be doing even better and the dollar is in a downtrend. |
| Massive Squeeze Coming As WGC Confirms Gold-Backed Yuan Posted: 22 Jan 2013 10:15 PM PST  King World News is pleased to break the news first in the world for our global readers that the World Gold Council has now confirmed the Chinese are going to back the yuan with gold. Today a legend in the business, 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, informed KWN of this development and also stated, "... the gold and silver bulls are going to begin to trample the bears at some point in the near future." Here is what Barron had to say: "This is what I have heard firsthand regarding the silver shortage. I spoke to a dealer where I purchase gold and silver in the United States. He just told me that immediately after the Presidential Inauguration his firm immediately began selling the hell out of monster boxes of US silver eagles." This posting includes an audio/video/photo media file: Download Now |
| Posted: 22 Jan 2013 10:10 PM PST from MilesFranklin.com:
Back then, it was assumed the SEC was "delaying" SLV's launch, for fear the Cartel would be overrun by demand; and thus, even I was surprised when it was actually approved. The fact that it commenced trading with a holding of 130 million ounces – or EXACTLY the amount Warren Buffet had "mysteriously" disposed of – was largely overlooked; but clearly, SLV's operational "shenanigans" were present on DAY ONE… |
| Why Doug Kass, Marc Faber Remain Bearish on Apple Posted: 22 Jan 2013 09:45 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Politicians Continuing to Kick the Debt Can Down the Road? | Fox Business Video Posted: 22 Jan 2013 09:44 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Andrew Craig on how to win at investing Posted: 22 Jan 2013 09:40 PM PST from Gold Money News: |
| Posted: 22 Jan 2013 09:29 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Posted: 22 Jan 2013 09:15 PM PST After digesting the opinions of the shills, shysters and scam artists, I am ready to predict that I have no clue what will happen during 2013. The weekend weather last week was a perfect analogy for attempting to forecast the future. The professional highly educated meteorologists predicted sunny warm weather, just as the PhD Wall Street paid economist mouthpieces assure the multitudes 2013 will be the year when zero interest rates and $1.2 trillion deficits will finally lead to sunny economic skies. Instead, the weekend was overcast and damp. As I was writing this article and watching the miraculous Baltimore Ravens comeback against Denver, I received a two minute warning from my wife. I had to pick up my son and his buddies at the Montgomery Mall. As I pulled the car out of the garage, I backed out into fog that was thicker than pea soup. I've driven the roads to the Montgomery Mall hundreds of times, but the fog was so thick I couldn't see ten feet ahead. I drove hesitantly, wondering what might be just over the horizon or what might dart out from a side street. I see 2013 as a year of maneuvering through thick fog with startling apparitions lurking to surprise us and force a deviation in our normal course. As I proceeded cautiously through the murky mist there were few cars on the roads and the strip centers and fast food joints resembled haunted houses and grave yards. I expected to see Dracula, Frankenstein's monster, and Wolfman panhandling on the corners. The fog of uncertainty is engulfing the nation, making consumers hesitant to spend and businesses reluctant to hire or invest. It was like being in a commercial real estate horror film, with SPACE AVAILABLE, NOW LEASING, and STORE CLOSING signs startling me everywhere I turned. The trip took a spooky turn as I passed branches of those zombie banks – Bank of America and Citigroup. They don't even know they're already dead. I finally arrived at the Mall passing thousands of empty parking spaces with a few cars huddled close to the zombie starring in Night of the Retailing Dead – Sears. In the miasma, the few visitors appeared to be automaton like consumers programmed to shuffle through the mall and buy things they don't need with money they don't have. To say the road ahead for this country in 2013 is foggy would be an epic understatement. Let's hope it doesn't have a Nightmare on Elm Street like ending. Virtually all of the mainstream media, Wall Street banks and paid shill economists are in agreement that 2013 will see improvement in employment, housing, retail spending and, of course the only thing that matters to the ruling class, the stock market. Even among the alternative media, there seems to be a consensus that we will continue to muddle through and the day of reckoning is still a few years off. Those who are predicting improvements are either ignorant of history or are being paid to predict improvement, despite the overwhelming evidence of a worsening economic climate. The mainstream media pundits, fulfilling their assigned task of purveying feel good propaganda, use the 10% stock market gain in 2012 as proof of economic recovery. The facts prove otherwise:
The reason Bernanke, Geithner, Obama, Wall Street, corporate titans, and media pundits focus their attention on the stock market is because they are looking out for their fellow 1%ers. The working middle class, once the backbone of this country, own virtually no stocks. The 88% stock market increase since March 2009 hasn't benefitted the middle class one iota. The Federal Reserve engineered stock market recovery has benefitted moneyed bankers and wealthy corporate executives, the very people who collapsed the worldwide financial system and received the bailouts when they should have gone to jail. Those who continue to tout a non-existent economic recovery have focused on the manufactured stock market and housing recovery, extrapolating those trends without understanding how it has been achieved. A master plan implemented through the collusion of the Federal Reserve, Treasury Department, Executive branch, Wall Street cabal, and corporate media conglomerates has created the illusion of recovery. Make no mistake about it, those in power held clandestine meetings and had covert discussions that will never see the light of day in transcripts or recordings. They developed a strategy to save themselves, their fellow cronies, and the corporate interests that run this country. They threw the middle class, senior citizens, and young people under the bus in their sordid determination to retain their power, wealth and control. Their multi-faceted plan has been rolled out as follows:
The master plan has succeeded in delaying the worst of the Crisis, further enriching the oligarchs, further impoverishing the middle class, fanning the flames of revolution across the globe, provoking foreign adversaries, inciting anger among the populace and darkening the mood of the country. Those predicting a return to the peaceful autumn like days of the late 90s reveal their ignorance of history. Winter is here and there are many dark days ahead before Spring is discernible. The linear thinking crowd who hang their hats on never ending progress spurred by technological innovation and a limitless supply of cheap resources are denying reality. Delusion and hope for a better tomorrow is not a strategy. We have entered the 5th year of this ongoing Crisis. Fourth Turnings do not fizzle out; they build to a societal earth shattering crescendo (American Revolution, Civil War, Great Depression/WWII). Economic, financial, social and global conditions do not progress during a twenty year Crisis period, driven by the generational configuration that arises once every 80 years. An epic struggle between good and evil, rich and poor, government and governed, young and old, nation and nation, awaits us over the next fifteen years. No matter what happens in 2013, it will be driven by the core elements of this Crisis – Debt, Civic Decay, and Global Disorder. "In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action." – The Fourth Turning – Strauss & Howe -1996 Until Debt Do Us Part The storyline of austerity and deleveraging perpetuated through the mainstream media mouthpieces is unequivocally false, as consumer debt has reached an all-time high of $2.77 trillion, driven by a surge in subprime auto loans and subprime student loans. The reason for the surge in these loans, while credit card debt lingers 15% below the 2008 peak, is because the Federal Government is doling out these loans with your tax dollars. Ally Financial (aka GMAC, aka Ditech) is under the complete control of the Federal Government and doesn't care about future losses. The taxpayers won't notice another $1 billion in losses. There are Cadillac Escalades, Silverados and RAM pickups to peddle to morons without money. Could there be a more subprime borrower than a 20 year old majoring in African literature or a 40 year old former construction worker enrolled at the University of Phoenix with 500,000 other schmoes? The Federal government assumed control over the student loan market in 2009 and has proceeded to blow a new bubble. They have driven tuition higher and enabled millions of barely functioning morons to enter college, where they will not only fail, but also be burdened by un-payable levels of non-dischargeable debt. Now the government solution is to pass those bad debts onto you the taxpayer while encouraging even more debt for students. Here is an assessment of the new "Pay as you Earn" program from your owners: "(BusinessWeek) We have one example of someone who might look similar to an MBA student. He starts out with a starting salary of $90,000 and by the end of 20 years is making $243,360. Under the old IBR program, he'll have paid $409,445 by year 25 and be forgiven $23,892 of his loan balance. Under the new IBR repayment plan he'll pay less than half of that, or $202,299, and be forgiven $208,259 by year 20. The old IBR plan was punitive if you borrowed a lot of money, made you pay more over time and trapped you, so there were serious consequences to doing that. It was a downside and a pretty big risk, which is why you didn't see people borrowing without regard to how much it will cost. The new plan essentially eliminates any downside or risk for that type of behavior, and cuts payments in half and then some." The enslavement of our children in student loan debt and handing them the bill for $200 trillion of unfunded entitlement liabilities will be the spark that ignites the worst part of this Crisis. Those in power realized very quickly that without continued credit growth, their entire corrupt, repugnant, fiat currency based debt system would implode and they would lose all of their fraudulently acquired wealth. That is why total credit market debt is at an all-time high of $56 trillion, and 350% of GDP. The National Debt of $16.5 trillion is now 103% of GDP, well beyond the Rogoff & Reinhart level of 90% that always leads to economic crisis and turmoil. As Wall Street bankers acted like lemmings leading up to the 2008 financial collapse the famous July 2007 quote from Charles Prince, CEO of Citigroup, summed it up nicely: "When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing," Now central bankers across the globe are dancing an Irish Jig. Every major central banker in the world is lemmingly following Bernanke's lead and printing money at hyper-speed. The Europeans have surpassed the Japanese in their quest to become the first casualty in the coming debt collapse. Bernanke, in his quest to not be outdone, has committed to taking his balance sheet to 25% of GDP within the next year. Japan has vowed not to be outdone. The currency debasement race is gathering steam. The devastation, anger, resentment and ultimately war caused by these bankers will engulf the world when it reaches its apocalyptic ending. Will the grain of sand that collapses the pile be a debt ceiling crisis as postulated by Strauss & Howe? "An impasse over the federal budget reaches a stalemate. The president and Congress both refuse to back down, triggering a near-total government shutdown. The president declares emergency powers. Congress rescinds his authority. Dollar and bond prices plummet. The president threatens to stop Social Security checks. Congress refuses to raise the debt ceiling. Default looms. Wall Street panics." – The Fourth Turning – Strauss & Howe – 1996 I don't think so. The Democrats and Republicans are playing their parts in this theater of the absurd. Neither party has any desire to cut spending, reduce our debt, or secure the future of unborn generations. In 2013, I see the following things happening related to our debt crisis:
Civic Decay Accelerates "History offers no guarantees. If America plunges into an era of depression or violence which by then has not lifted, we will likely look back on the 1990s as the decade when we valued all the wrong things and made all the wrong choices." – Strauss & Howe - The Fourth Turning The liberal minded Op-Ed writers that decry the incivility of dialogue today once again show their ignorance for or contempt for American history. They call for compromise and coming together. They should see Spielberg's Lincoln to understand the uncompromising nature of Fourth Turnings and how conflicts are resolved. They should watch documentary film of Dresden, Hiroshima, and Guadalcanal during World War II. Compromise and civility do not compute during a Fourth Turning. It is compromise that has brought us to this point. Avoiding tough decisions and delaying action occur during the Unraveling. We've known the entitlement issues confronting our nation for over a decade and chose to do nothing. The time for delay and inaction is long gone. The pressing issues of the day will be resolved through collapse, confrontation and bloodshed. It's the way it has always been done and the way it shall be. The current conflict over banning guns is just a symptom of a bigger disease. Government, at the behest of the owners, has been steadily assuming more power and control over the everyday lives of citizens who just want to be left to live their lives. Government has used propaganda, fear and misinformation to convince large swaths of the populace to voluntarily sacrifice their freedom and liberty for the promise of safety and security. Warrantless surveillance, imprisonment without charges, molestation by TSA agents, military exercises in cities, drones in our skies, cameras watching our every move, overseas torture, undeclared wars, cyber-attacks on sovereign countries, and now the threat of disarmament of the people have all contributed to the darkening skies above. A harsh winter lies ahead. Civic decay is being driven by two main thrusts. Lack of jobs and destruction of middle class wealth by the oligarchs is resulting in the anger and dismay overwhelming the country. The chart below reveals the truth about our economy and the fraudulent nature of BLS reported data, skewed to paint a false picture. The 25 to 54 year old age bracket captures Americans in their peak earnings years. In 2007 this age bracket had 83% of its members in the labor force and 100.5 million of them employed. Today, according to the BLS, only 81.4% are in the labor force and there are 6.3 million less employed. The BLS has the gall to report that since 2009, even though the number of employed people in this age bracket has declined by 1 million, the number of unemployed people has dropped by 1.5 million people. To report this drivel is beyond laughable. The horrific labor market situation is confirmed by the fact that despite a 3.6 million person increase in this age demographic since 2000, there are 7.8 million more people not employed. The reduced earnings and savings of the people in this demographic is having profound and long-lasting impact on our society. Household formation, retirement savings, tax revenues, and self-worth are all negatively impacted. The mood of desperation and anger is materializing in this age bracket. The resentment of these people when they see the well-heeled Wall Street set reaping stock market gains and bonuses while they make do on food stamps, extended unemployment and the charity of friends and family is palpable. More than 100% of the employment gains since 2010 have gone to those over the age of 55, further embittering the 25 to 54 workers. There is boiling anger beneath the thin veneer of civility between Millenials, GenXers, and Boomers. The chasm between the ultra-rich and the masses widens by the day and is leading to a seething animosity. The country has lost 2.4 million construction jobs and 2 million manufacturing jobs since 2007, but we've added 250,000 fry cook jobs and 440,000 University of Phoenix jobs stimulated by $500 billion in student loans. The complete transformation of a producing society to a consumption society has been accomplished. When the average person sees Wall Street bankers not only walk away unscathed from the crisis they aided, abetted and |
| The Entrance To The Second Phase Of The Gold Market Ascendancy Posted: 22 Jan 2013 09:05 PM PST by Jim Sinclair, JS Mineset:
Some of this opinion is motivated by the concepts and implications of the reserve currency facing such a challenge. Others deny that historical experiences of hyperinflation has causes, which dismisses the present problems of the US dollar as possible contribution to a hyper-inflationary experience. The first opinion seems a product of misplaced patriotism rather than hard analysis. This because hyperinflation in a reserve currency, even if reserve by default, has implications to the fiat monetary system that most analysts consider too extreme to even consider. That is the US smack of flag waving over logic. The second opinion would eliminate the Weimar experience because many see that as a direct product of war reparations Germany had agreed to. The common belief is that it was the war reparations that caused the hyperinflation, which is totally wrong, as presented. It was not the reparations, but the desire and decision to attempt to water the currency down to reduce the reparation costs that lead to the hyperinflation which followed. |
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| Posted: 22 Jan 2013 07:40 PM PST With Gold inching back up towards the $1700 mark once again following yet another central bank's promise to flush the world with fiat currency, we thought some reflection on the history of Gold was useful. From its rareness and malleability to its multi-millenial nature as a store of wealth, Visual Capitalist's infographic takes us from the Egyptians to the Chinese and on through the US Gold Rush to the current 'vaults' of gold being questioned currently.
Click image for full (humongous) image... |
| The Smart Money Will Be Selling into Wednesday's Rally Posted: 22 Jan 2013 06:41 PM PST
By EconMatters
Everybody and their uncle is long this market right now, and equities have had a nice run with no pullbacks. The smart money will be selling into the rally to maximize profits by getting out when there is plenty of buying volume to eat up the sizable positions. It is the best time to sell because fund managers can liquidate large positions much easier without having to worry as much about creating complex Algos to maintain an overall high average price for the exiting position.
Bag-Holders The S&P will be up around 5% just in January alone, not to mention the run-up from about this time last earning`s cycle when the benchmarks all sold off during the second half of earning for the third quarter. Tomorrow is close enough as good as it gets for a while, and traders will try to push up the S&P to 1500 if they can, but the smart money has such large positions that they will start selling into any rally tomorrow, watch for redistribution going on in your favorite stock. The smart money will be handing off to the bag holders looking to get in at the last moment. The smart money never chases, they always wait for a pullback to get into a trending market.
Further Reading - The Japanese Yen Trade Is Exporting Inflation To China
Getting a Good Price The reason why the large funds don`t wait until an exact top is put in is because once everybody realizes the gig is over, and the selling commences, everybody runs for the exits at the same time trying to protect profits, and buying puts to protect portfolios, which just makes the selloff worse because the VIX spikes even more, and forget about getting a good price for your exit. This is why you sell into rallies to maximize profits on the exit.
Buying Exhaustion & Market Timing And when everyone is this bullish, and most of wall street cannot beat the S&P 500, the sheep get slaughtered when the buying reaches an exhaustion phase, i.e., there is no one "dumber investor" than you who buys after you, thus enabling you to have a nice profit. Making money on Wall Street is all about market timing, what do you think the market is going to have a 12x5% for a 60% annual return in 2013? This is why the smart money and those fund managers who outperform the S&P 500, perfect the art of timing the market, and selling into bullish rallies to maximize gains.
Always enter Trending Markets on a Pullback They will be back after we have our first pullback in 2013, but they will be market timing the entire year with strategic buys and sells, this is how you beat the S&P 500, and attract higher assets under management. So be smart like the pros, and sell into the rally tomorrow, so that you aren`t waiting for a huge announcement like the rest of the sheep on Wall Street that it is time to sell. As when everybody realizes it is time to sell it is too late to maximize gains, equities will gap down 30 S&P handles, and your entire holdings gap down as well before the market opens.
The other option of course is just to stay invested like Apple investors did at $700 a share, remember how bullish all the talking heads were on all the shows. There wasn`t one analyst that said it is time to sell after apple reached a larger market cap than 3 top 10 fortune blue chip powerhouses of industry. Not one pundit, critic, trader on Fast Money, everyone was so bullish when Apple was at $700 a share; it was guaranteed to go to $800, $900 and a $1,000. Just a thought to remember, when everybody else is so bullish, who is left to buy from you?
Most Wall Street pundits just follow the crowd, so when markets are up, everyone talks bullish. But after three days of selling, these same pundits will be telling you it is the end of the world, and the top is in for the year, and all the same bearish clichés. Always look for good entry and exit points, never chase, and believe in market timing. It is one of the best ways to become a smart investor. So watch tomorrow for distribution going on in your favorite equities, as many will be taking profits by selling into the rally as discreetly as possible, and so should you!
Further Reading - Apple Price Target: $50 Stock by 2016
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| Chinese Politicians Are Buying Billions In U.S. Real Estate Posted: 22 Jan 2013 06:12 PM PST Back in September, we explained that when it comes to "boom" in US real estate, there are three key driving forces: i) the Fed's monetization of mortgage backed securities whose impact however is at best to stabilize the demand floor (and judging by the recent collapse in refi activity even that is questionable), ii) an implicit subsidy as banks keep millions of units on their books (to get a sense of how much check out at the chart in "Six Month + Delinquent Mortgages Amount To More Than Half Of Bank of America's Market Cap") in some phase of the foreclosure process, and away from clearing in the market, and perhaps most importantly, iii) the fact that the NAR can legally launder offshore money courtesy of being exempt from anti-money laundering provisions. This allows billions in ill-gotten offshore cash, sourced primarily from Russia and China, to be "invested" in US real-estate, with no cost or pricing discrimation and without any questions asked from any authorities. Because, sure enough, the final result can be spun as a "boom" in real estate by the administration and the banks so very invested in reflating the housing bubble. This was explained as follows: the NAR, best known for misrepresenting the real state of the existing US housing market for years, has an open waiver for anti-money laundering regulation from none other than Uncle Sam. Because while it is one thing to blow up the biggest breadwinning industry in Switzerland to pad the tax bill and to spread class warfare, it is something totally different to represent to the world that ultra-luxury segment aside, which is merely an artifact of global money laundering, the US real estate housing emperor is as naked as he was 4 years ago. As a reminder, here is where the NAR stands on the issue of its most generous clients possibly being some of the worst criminals known to man, courtesy of Elanus Capital:
Indeed it is. What the NAR is saying is that for now go ahead and lift every offer on every duplex and triplex off Central Park. Your money is absolutely safe with us... this instant. * * * While the above explained what is going on in theory, today courtesy of Mike Krieger we now have formal glimpse into just what is really supporting US housing in practice. From Corrupt Chinese Politicians are Buying Billions in U.S. Real Estate, from Liberty Blitzkrieg Many of us spent much of 2012 confused about how the U.S. real estate market was improving within the context of a broke and unemployed citizenry. Well as time has passed the answers to our questions have been revealed. The criminals are piling in. I first explained a couple of weeks ago how the financial oligarchs in the United States are currently in a bidding war to become America's slumlords in my post: America Meet Your New Slumlord: Wall Street. Now we also discover that part of the bid to U.S. real estate has come from another criminal class. In this case, we are talking about corrupt Chinese officials who are pulling their ill gotten gains from their homeland and desperately placing it in real estate all over the globe. From The Telegraph:
I guess word has gone out globally that the U.S. is open for business as far as the global criminal class is concerned. They can rest assured knowing they will never face repercussions in this lawless land. At least that is what they think. What we must do is never forget who is buying all of these properties and when the time comes they should all be seized and these crooks sent back to the place they came from. |
| The Gold Price Finished it's Long Correction Since October Rising $6.20 Today to Close at $1,692.80 Posted: 22 Jan 2013 05:54 PM PST Gold Price Close Today : 1692.80 Change : 6.20 or 0.37% Silver Price Close Today : 32.147 Change : 0.245 or 0.77% Gold Silver Ratio Today : 52.658 Change : -0.210 or -0.40% Silver Gold Ratio Today : 0.01899 Change : 0.000075 or 0.40% Platinum Price Close Today : 1696.30 Change : 24.30 or 1.45% Palladium Price Close Today : 729.15 Change : 7.15 or 0.99% S&P 500 : 1,492.56 Change : 6.58 or 0.44% Dow In GOLD$ : $167.45 Change : $ 7.50 or 4.69% Dow in GOLD oz : 8.100 Change : 0.363 or 4.69% Dow in SILVER oz : 426.55 Change : -1.32 or -0.31% Dow Industrial : 13,712.21 Change : 62.51 or 0.46% US Dollar Index : 79.88 Change : -0.144 or -0.18% Solid day today for the silver and GOLD PRICE. Gold rose $6.20 to $1,692.80 and silver gained 24.5 cents to 3214.7. Silver conquered 3200c resistance, while gold is still struggling with $1,695. Five day GOLD PRICE chart shows it's range bound by $1,695 and $1,680. However, it's forming a long narrow triangle that promises to break out upside. The undecided are waiting for gold to validate its rally by climbing over $1,705 or $1,730. I don't expect gold's move above $1,695 will be inchmeal. Rather, gold will pull on its seven league boots and step on out. Probably this week. Gold keeps stalling at $1,695. high. Low today cam at $1,686.80. One reason I know gold has attracted huge physical demand is the relative scarcity of inexpensive small and large gold coins. Somebody has been vacuuming them up for over two months. Wholesalers just don't have any, and nobody's selling. While gold remained range bound, the SILVER PRICE hammered through 3200c resistance to reach new highs for the move today. Silver stands above every moving average, having punched through the 50 DMA today. (Gold hasn't quite closed through its 50 DMA at $1,694.76, but that's the only one still above it.) From about 9:30 a.m. silver made a gappy move up and reached a high at 3234.2c. Low was 3182c. More heartening still, silver pierced the downtrend line from its late November 3449c high. Poked its head clean through and sat down there. From here 3300c offers some round number resistance, but that 3449c last high is the first real target. Silver and gold have left the starting gate, and are off and running. Stop waiting to buy. Here's the Big Picture of what's going on. The world is slowly repudiating all fiat currencies as the system that spawned them fails. The worst is not behind us, it is yet to come. By the time this repudiation ends, the dollar and all the other scrofulous currencies will be only a dim and bitter memory, and a new monetary system will be established around silver and gold. But that's years away, and before then must come all the hardship, heartbreak, and catastrophe. It will take utter disaster to cement the repudiation, and no doubt some violence, most likely by governments against their citizens as the dying class seeks to hold on to power. But it will end, and those who have capital -- gold and silver -- will be positioned to help build a new, just, prosperous, and parasite free economy. The mountain gave birth to a mouse, and panicked all the shorts. I mean, of course, the Bank of Japan's announcement today that it would buy assets just like Big Ben Bernanke, but only beginning next year. Shorts panicked and the yen gapped up to 112.71 cents/Y100 (up 1.56%). Maybe that's the end of the dropping yen, or, dare I say, the currency has lost its yen to drop? Speaking of nasty fiat currencies, the US dollar (?dolor?) index took a whipping today with a peach tree limb, down 0.2% to 79.883. Lost 14.4 basis points when it slipped through that morale-busting 80 level. Dollar index still hasn't decided whether it will fish or cut bait. Can't rise above 80.2, won't fall below 79.60. 5-day chart is either indecisive and diddling, or about to fall further. Not clear, but any break below 79.6 carries the dollar lower, any break above 80.20 carries it skyward. Dollar ain't got nothing I want. Euro stalled at $1.3400 six days ago and hasn't felt perky since then. Made two little tops that might point it lower. Lost 0.02% today, basically unchanged at $1.3319. Will continue climbing/crabbing sideways unless it breaks $1.32. US$1=Y88.72=E0.7508=0.031107oz Ag=0.000591 oz Au. Dow hit its highest point since December 2007 today. Closed 13,712.21, up 62.51 or 0.46%. S&P500 rose 0.44% (6.58 points) to 1,492.56. Non-confirmations always make me nervous. When one stock index is rising, the others ought to rise, too. S&P500 is a little behind the Dow, and both the S&P500 and the Dow have over the past few years been the only world stock indices that have held up. The Dow Jones World Stock Index hit a 321.07 high in 2007, and today closed 270.57, about 16% lower. Compare the Dow today at only 3.4% lower than its 2007 high. All this does not foreshadow a bright future for stocks or the economy. Meanwhile I've been gazing at the Charts for the Dow in Gold and the Dow in Silver. Both have formed diamond tops, and Dow/Silver is closer to breaking down than Dow/Gold. Only a matter of time till both break down. Your worst mistake is to look around at today and forget what the future holds. Your best strategy is to ride the gold and silver bull market to safety, continuing to buy. Right now, having finished the long correction since October, is the right time to buy. Now. 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.  |
| Commodity Technical Analysis: Gold Trendline and 50% Retracement at 1705/10 Posted: 22 Jan 2013 05:00 PM PST courtesy of DailyFX.com January 21, 2013 10:05 PM Gold took out the January 2nd high last week. Daily Bars Chart Prepared by Jamie Saettele, CMT Commodity Analysis: Gold took out the January 2nd high last week. This is important because it nullifies bearish implications from a first day of the month (and year) high. Focus is on the trendline that extends off of the October and November 2012 highs and 50% retracement of the decline from the October high at 1710. Commodity Trading Strategy: Look higher as long as price is above the 1/17 low. LEVELS: 1656 1666 1684 1705 1710 1731... |
| Silver's breakout will unleash the other metals, Embry tells King World News Posted: 22 Jan 2013 04:35 PM PST 3:34p PT Tuesday, January 22, 2013 Dear Friend of GATA and Gold (and Silver): Interviewed today by King World News, Sprott Asset Management's John Embry predicts that silver's price explosion will unleash all the precious metals from the domination of the paper markets. An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/22_Em... 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: California 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... |
| Four Sensational Facts About Gold Investing That You Might Not Know Posted: 22 Jan 2013 04:16 PM PST Our ever-popular Periodic Table of Commodity Returns has been updated through 2012. Investor Alert readers love this chart as it shows a decade of results across 14 different commodities, providing strikingly rich information ... Read More...  |
| Gold & Silver: A Bet Against The Unnatural Posted: 22 Jan 2013 03:52 PM PST I sat down over the last few days with one of the greatest works ever written, "The Law of Compensation", published by Ralph Waldo Emerson. It's relevance to today's financial times is shocking. In reflecting on highlights from Emerson's masterpiece (shared further below), I got to thinking about precious metals, mining shares, and many other commodities, which at this time represent high-leverage bets against the "unnatural". It's betting the Guinness World Record Book's heaviest man or woman will suffer from heart failure. It's betting a steroid-using athlete will face organ collapse, it's betting that silicone breast implants will ultimately look much worse than natural breasts…and it's further betting that government and financial institution "borrowings from the future to survive today" will also collapse. And it's further betting that bailout-supported industries (synthetic monopolies if you will) will also crumble. It's simple a matter of time. Will it happen tomorrow? Probably not. Next year? Maybe not. But it will happen eventually. Emerson states that, "Nature hates monopolies…[without] exceptions…The retribution…it is inseparable from the [cause], but is often spread over a long time, and so does not become distinct until after many years. Crime and punishment grow out of one stem. Punishment is a fruit that unsuspected ripens within the flower of the pleasure which concealed it. Cause and effect, means and ends." He further adds, "[Nature] refuse[s] to be mismanaged long… If the government is cruel, the governor's life is not safe. If you tax too high, the revenue will yield nothing. If you make the criminal code sanguinary, juries will not convict. If the law is too mild, private vengeance comes in." He concludes with, "Such also, is the natural history of calamity. The changes which break up at short intervals the prosperity of men are advertisements of a nature whose law is growth." In reflecting on the sage wisdom of Emerson, it is clear the growing financial imbalances of the West and global currency manipulations, are simply more doughnuts given to the heaviest man alive, another shot to the short-lived star athlete, and another implant of some kind to a body beyond recognition. When the collapse picks up speed, it will be absolutely normal, just another arc added to the larger circle of nature as Emerson put it so well, more than 100 years ago. Thoughts are welcomed. A copy of Emerson's "Law of Compensation" can be found here. |
| Gold – The World's Largest Short Squeeze Is Nearing? Posted: 22 Jan 2013 03:09 PM PST Talking about fundamentally important news, the following event deserves a primary place in the recent gold market evolutions. Bloomberg reports that The Pacific Group Ltd., a Hong Kong based hedge-fund is converting one-third of its assets into PHYSICAL gold. We have emphasized the word "physical" for a reason. It is not usual for a hedge fund to go outside the paper based trading business. More importantly, the fact that the investment company takes delivery of the metal ($35 million worth of gold bars) shows a growing distrust vis-à-vis paper investments and the exponentially expanding "funny money" base. William Kaye, founder and chief investment officer of the company told Bloomberg the following:
He went on to say: "Central banks have so far been able to manipulate interest rates to allow governments to service their debt at low costs, averting market seizures. Still, the next big rally in precious-metal prices may be 18 months to two years away, triggered by a "financial catastrophe." Indeed, negative real interest rates in major economies of the world are the result of central bank intervention. The latest figures confirm this as published earlier today by Greshams-Laws (data as of December 2012). Still, the financial world seems very slow in reacting to these conditions, as the bond bubble keeps on expanding.
The Hong Kong based hedge fund is not the only back accumulating gold. Late in the summer, when the gold price was breaking out, we reported that smart money has been buying the dips earlier in 2012. Some large hedge funds, as well as Asian central banks, had been accumulating gold when the price dipped to the lows near $1,500. More recently, Japanese pension funds showed their interest in the gold market to hedge their assets against expected inflation as reported by Bloomberg. The Japanese story is not only remarkable because of its scale (the pension funds oversee $3.36 trillion) but also because Japan has no tradition of gold investment / ownership. More recently, William Gross, founder and managing director of the biggest investment firm in bonds, wrote the following in a widespread article:
It is exactly the same point that William Kaye pointed to in his Bloomberg interview. He pointed to the differences between paper vs physical gold investing:
While some of the smart money investors mentioned earlier have been buying into the paper market, we find the latest move of The Pacific Group brilliant. They did exactly what Gold Silver Worlds has been advocating since its inception: "If you can't own it, you don't hold it." |
| Posted: 22 Jan 2013 02:25 PM PST  This posting includes an audio/video/photo media file: Download Now |
| Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil Posted: 22 Jan 2013 02:16 PM PST Gold climbed to $1694.40 in Asia before it fell back $1686.70 by a little after 9AM EST, but it then rose to a new session high of $1695.90 by early afternoon in New York and ended with a gain of 0.38%. Silver slipped to $31.794 in London, but it then rose to as high as $32.343 in New York and ended with a gain of 1.04%. |
| Get Your Hands On Precious Metals and Natural Resources Before The Masses Posted: 22 Jan 2013 02:13 PM PST Despite current weakness in gold (GLD) around the $1650 area we expect a turnaround in gold with a new leg up to $1800 area and eventual breakout at $2000 in 2013. Taking inflation into account over the past forty years gold may have much ... Read More...  |
| All the Facts About Physical Platinum & Palladium and How to Easily Invest in Them Posted: 22 Jan 2013 02:06 PM PST Register to "Follow the munKNEE" and automatically receive all articles posted With demand rising and supply under pressure, the outlook for So says an introduction to the Sprott Physical Platinum & Palladium Trust (http://sprottphysicalbullion.com) presented here by www.munKNEE.com (Your Key to Making Money!) & www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds). Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. Learn the full story with our In *http://sprottphysicalbullion.com/sprott-physical-platinum-and-palladium-trust/infographic
Related Articles: 1. 80% of 14 Commodities Rose in 2012 but 1 Tumbled 17% – Guess Which One Our ever-popular Periodic Table of Commodity Returns has been updated through 2012. It shows a decade of results across 14 different commodities, providing strikingly rich information in a very insightful format. 2. New! Gold & Silver Bars Now Available in Divisible 1g "Coins" CombiBars™ are precious metal bars which are constructed with predetermined breaking points so they can be separated easily without any loss of material. The idea of detachable bullion CombiBars™ came about in the summer of 2010 as a result of the European currency and global banking crises when more and more investors started to demand a higher number of small bars rather than few larger ones to increase their flexibility in the event of an economic crisis or to simplify future trading. Read more below about the complete CombiBar™ product offering and their CombiCoins which, incidentally, are legal tender investment coins of the Cook Islands. 3. Nick Barisheff: Make Sure You'll Actually OWN the Gold Bullion Before You Buy – Here's Why and How Worldwide economic uncertainty has created a growing interest in precious metals as a way to…protect one's wealth from impending economic Armageddon…Unfortunately, many today don't know how to purchase or store bullion, and consequently may find themselves as vulnerable to financial collapse as those who didn't purchase any bullion at all. [This article outlines what rigorous due diligence is absolutely required when entering into an agreement to buy gold bullion and how it should be stored and why. Don't buy any gold product without reading this article first.] 4. A Direct Comparison Between Gold, Silver, Platinum and Copper In this article I would like to take a fresh look at physical gold, silver, platinum and copper regarding their respective versatility of use, durability, fungibility, store of value, liquidity and aesthetics with the hope that, for both old and new investors, my analysis will yield a new perspective on precious metals (including copper). Words: 878 5. Don't Laugh – Invest At Least 65% of Your Portfolio In Precious Metals! There is such a "fear of gold" amongst most people that it must be due to statist indoctrination and propaganda because it makes no rational sense to have such a fear of such a time tested and true store of wealth. After all, we are talking about time tested and true money – the only money that has lasted for thousands of years and is still fully accepted worldwide as a store of wealth….What would you rather hold "for eternity" gold [or] US dollars [which are nothing more than] a paper debt obligation of a bankrupt nation state? Words: 450 6. Your Portfolio Isn't Adequately Diversified Without 7-15% in Precious Metals – Here's Why The traditional view of portfolio management is that three asset classes, stocks, bonds and cash, are sufficient to achieve diversification. This view is, quite simply, wrong because over the past 10 years gold, silver and platinum have singularly outperformed virtually all major widely accepted investment indexes. Precious metals should be considered an independent asset class and an allocation to precious metals, as the most uncorrelated asset group, is essential for proper portfolio diversification. [Let me explain.] Words: 2137 7. Platinum is Downright "Cheap" Relative to ALL Other Precious Metals! Have You Any in Your Portfolio? If this precious metals bull market continues over the next couple of years, I think one would [be well served to] diversify some assets in gold/silver into platinum. [Let me explain the present relationship between platinum, gold, silver and palladium and why I make the aforementioned recommendation.] Words: 832 8. Where Do Gold & Silver Rank in Vulnerability to a Recession Among Other Commodities? A Barclays Capital research [report] notes that gold prices are vulnerable to a recession – more so than some of the other commodities. In the last recession of 2008, gold prices appreciated the least among precious metals. Below is a table that ranks 30 different commodities. Words: 571 9. Platinum:Gold Ratio Suggests Platinum Will Do Even Better Than Gold in the Future These days there's so much interest in gold and silver it can be easy to forget that there are a number of other precious metals out there that investors should be considering for their portfolios. While gold and silver should form the core of any metals portfolio, there's at least one other metal that merits serious attention and that is platinum. [Let me explain why.] Words: 493 10. Check Out These 5 Hard Asset Investment Alternatives to Gold While the 2010 gold rush is making a lot of headlines, it's important to not overlook other hard assets [such as silver, copper, platinum, palladium and rare earth metals] that are good investment alternatives to gold and have all rallied to fresh highs recently as well. While each of these offers its own strengths and weaknesses they are ways to diversify your holdings away from gold if you are worried about a crash. Words: 1561 11. Protect Yourself From Inflation With Gold or Precious Metals Funds Investing in some form of precious metals is the preferable way to protect oneself from rising inflation/decrease in the value of the U.S. dollar and here are 10 ETFs and ETNs and 5 mutual funds to do just that. Words: 879 |
| Embry: Gold Super-Spike To Be Dwarfed By The Mania In Silver Posted: 22 Jan 2013 01:55 PM PST  Today John Embry told King World News the coming Super-Spike in gold will be dwarfed by the mania in silver. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: "Well, I'm focused on the inevitable rise in the gold and silver prices. It's obvious when you watch the trading that gold and silver are being aggressively restrained here. This leads me to believe the central planners have some problems here and they don't want the gold and silver prices to expose that."This posting includes an audio/video/photo media file: Download Now |
| The 12 Rules to Follow for Buying Dividend Stocks Posted: 22 Jan 2013 01:18 PM PST Many of you have probably filled out one of the "retirement planner" forms available online. Plenty of tax and accounting programs also have "Lifetime Planner" sections for folks to determine if they can afford to retire. These sorts of programs plug certain assumptions into a formula, such as projected inflation rate, retirement income, anticipated spending levels, and portfolio growth rate. After you add your personal information, it projects how much money you'll be able to produce annually during retirement, and how long it will last. The first time I ran these numbers, the program said I was good until 116 years of age. At the time, I believed that if we followed the plan as outlined, my wife and I would never have any real money worries. We'd be set for the rest of our lives and could proudly leave some to our children to help with their retirement. How naïve of me! Things have sure changed a lot since then. At the time, I'd estimated inflation at 2% and a minimum yield on our portfolio of 6%. In those days, that was conservative. Inflation was lower than 2%, and you could always earn 6% on a top-rated bond or CD. Many retirees and baby boomers are now rethinking the entire retirement process. CDs and top-quality bonds no longer pay enough interest to keep up with inflation. With these options out of the picture, it's no wonder the stocks of big, solid, dividend-paying companies are soaring. Investors hoping to earn a higher return are pouring money into them with the hope of staying ahead of inflation. I'm a firm believer that the days of buying a company stock, putting it in a drawer, and never worrying about it again are over. At the same time, folks contemplating their retirement finances will likely have long-term relationships with certain dividend-paying stocks. While working on our special report, Money Every Month (you can request a copy HERE), our lead analyst, Vedran Vuk, really showed me how to sort through hundreds of dividend-paying stocks. I wanted to share some of the tips I learned during the process. Tip No. 1: Long History of the Company Paying the Dividend Tip No. 2: Payout Ratio of No More Than 80% of the Company's Earnings Per Share When our team compiled the list of dividend-paying stocks, they listed them by yield going from the highest to the lowest. Naturally, I went straight to the top of the list. But our analysts quickly pointed out that if a company earns $0.50/share and is paying a dividend of $0.75/share, it could be in trouble. It's important to compare the earnings per share and the dividends per share of any investment candidate. If you're considering investing in a company with an unusually high payout ratio, always investigate where the money to pay the dividends is coming from. Tip No. 3: Worldwide Market Presence The Miller's Money Forever team is very concerned about inflation of the US dollar. Companies that do business all over the world provide somewhat of a hedge against inflation. McDonald's, Coca-Cola, Procter & Gamble, and General Mills are a few household names that come to mind. Tip No. 4: Stable Product Line Whether its beer, food, oil, or computer chips, the company you're investing in should have a core business with a worldwide need for its product. Tip No. 5: Lots of Cash This is why I bought and continue to hold Microsoft. Companies like Microsoft have plenty of cash and can pay their bills with plenty of money left over to reward their stockholders. Tip No. 6: The Company Sticks to Its Core Business During the Internet boom, many companies were swapping stock and buying up businesses all over the place. To this day, I do not understand whyAOL-Time Warner made sense as a business. You can always follow a company's progress and invest if you think it's going to dominate a new business venture. Tip No. 7: Stock-Price Stability Benjamin Graham, author of The Intelligent Investor, recommended a portfolio of stocks and high-quality bonds. Under his model, you switch part of your portfolio back and forth between the two, depending on market conditions. While that may have worked for him, the yield on fixed-income investments today no longer allows for that. You need to continually remind yourself that no matter how big or stable a company, its stock price can still fall. Safety is our main concern at Miller's Money Forever. You should study the history of any stock you're considering to see how volatile it is during market turmoil.
Tip No. 8: Diversification is Good Some of the better yields are in sectors that experience more volatility. A prudent investor will diversify his dividend-paying stocks among different sectors to reduce the overall impact of market swings. Tip No. 9: The Company Has a History of Buying Back Stock It's a big plus if the company has enough earnings to pay good dividends and buy back stock at the same time. Having stock appreciation in addition to generous dividends is your overall goal. Tip No. 10: The Company Has a History of Increasing Dividends It's prudent to check a company's dividend history to see if there's a pattern. Many old-line moneymakers have done very well for their shareholders by increasing their dividends every year. Tip No. 11: Check the Current Dividend Yield Percentage There are many good dividend-paying stocks out there, but you should factor in the price of any company you're considering. Companies like McDonald's, Walgreen Co., and Shell have traditionally met our own requirement of 3% or higher. There are dozens of other good companies with good dividend yields. Tip No. 12: Set a Trailing Stop Loss It's time to remind yourself again that dividend-paying stocks do not offer the safety of a top-rated bond or FDIC-insured CD. As a retiree or someone considering retirement, preserving your investment principal is paramount. You don't want to ride a stock down just to see your dividend income eaten up in loss of principal. A stop loss helps to keep that from happening. A traditional stop loss uses a fixed price. If you buy a stock for $100 and put in a 20% stop loss on it, you have an immediate sell order on it if the stock drops to $80. The sell order is executed automatically by a computer. If you trade online, it's easy to enter the stop-loss order when you purchase the stock. A trailing stop loss is a little more sophisticated; it adjusts the start point every time the stock hits a new high. This gives investors the potential to lock in some profits and still protect themselves. Assume that you bought the same stock for $100/share and put in a trailing 20% stop-loss order. You may end up holding the stock for years; collecting dividends along the way and watching the stock appreciate. Imagine that the stock hits an all-time high of $200/share. The trailing stop loss will trigger an automatic sell order if the stock drops 20% to $160/share. In this illustration, the trailing stop loss protected your investment, but you still earned a $60/share profit, plus the dividends you've collected over the years. When you enter your stop-loss order, make sure to mark it "good until canceled." My online brokerage enters every order for the day and then cancels it after the market closes unless they receive instructions to enter it for a different period of time. Some online brokerages work differently. Even with a "good until canceled" order, some will cancel the order automatically after 60 days, and you have to reenter it. That's not necessarily a bad thing, because it's a good time to review your investment anyway. Take Comfort In Having a Plan There's comfort in having a portion of your portfolio invested in solid companies that pay nice dividends. Retirees have to be much more active in managing their money than in the past. Being a part owner of some of the finest businesses in the world and sharing in the profits is a lot of fun. Like most areas of investing, finding the right companies and buying them at the right price are the major factors. It just takes a little time and common sense to sort through the hundreds of good possibilities and select the right ones for your individual situation. To find out how to start your plan or just to get a "second opinion" on your current plan be sure to request a copy of my Money Every Month report. |
Viewing the chart to the right, a six-year old child could tell you that investing in physical gold and gold mining stocks (as indicated by the AMEX HUI gold bugs index) yielded returns from 2001 to 2012 far superior to the returns of the US S&P 500 Index over the same time period. In fact, the truth of this statement is so self-evident, that if this same child was asked what asset classes he should have been invested in over the past decade by viewing the above chart, the simplicity of that question might lead him to think that one is asking a trick question.
Last three months were sort of a roller coaster for precious metals investors – gold and silver hit a local bottom at the beginning of November and it looked like nothing could stop a strong rally to follow. Yet the fears concerning the "fiscal cliff" issue seem to have won and stopped the prices at the end of November. Moreover, gold & silver correlations structure that used to propel the rally got distorted and even though the dollar weakened and the general stock market got stronger, precious metals were unable to react.
Throughout 2005, rumors of the long-awaited launch of the iShares silver Trust were rampant; and each day PM investors waited with bated breath for the SEC to approve its IPO. The SPDR gold ETF – GLD – had successfully debuted a year before, and silver investors longed for the day they could also buy "silver" with the click of a mouse.
Hyperinflation in the US dollar is considered impossible by some.
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