Gold World News Flash |
- World's first Fairtrade silver comes to Britain
- Silver Update 1/4/13 FED Follies
- Silver, the best investment that you can't tell anyone about
- Taxpayers Say Fiscal Cliff Deal Doesn’t Go Far Enough – YouTube
- Silver Manipulation Update 1/4/13 FED Follies – YouTube
- SPECIAL: 2012 Review & 2013 Preview – YouTube
- Will the U.S. Follow in the Footsteps of the Once Great – and Now Financially Desperate – Argentina? I Wonder
- By the Numbers for the Week Ending January 4, 2013
- Why American dollar is very overvalued
- Renewed Weakness in Gold & Silver Because of U.S. Dollar Index Strength ? Take a Look
- The Morgan Report Alert System (Exclusive To Silver Investor) – YouTube
- Renewed Weakness in Gold & Silver Because of U.S. Dollar Index Strength – Take a Look
- Turkish Gold exports up 800% on Iranian demand – GOLD NEWS – Mineweb.com Mineweb
- Peter Schiff 2013 – Look at how well Gold has done relative to the Stock Market… – YouTube
- North Korea's New Master Plan
- The Trillion Dollar Coin – YouTube
- Professor Polleit explains why fiat currency systems produce 'collective corruption'
- Wage Protests, QE and China
- The Gold Price Suffered Again Today and I Bought More 2013 Will Take Gold Up Wildly
- Netflix & SEC: Not a Fascinating Social Media Story At All
- U.S. Gold Bullion Reserve, the 14 Carrot Rabbit
- US Mint Gold and Silver Bullion Coin Sales
- Investor Profit from the Inflation Deflation Reality 2013
- Gold Seeker Weekly Wrap-Up: Gold and Silver End Near Unchanged on the Week
- Gold Daily and Silver Weekly Charts - The Usual Jobs Report Shenanigans
- Monty Pelerin: Economic Collapse Coming to U.S. & Other Industrialized Nations of the World! Here?s Why
- Confiscation of Gold – Then What? Part 4
- Monty Pelerin: Economic Collapse Coming to U.S. & Other Industrialized Nations of the World! Here's Why
- Government Gold Confiscation 2013
- Gold and Silver Disaggregated COT Report (DCOT) for January 4, 2013
- COT Gold, Silver and US Dollar Index Report - January 4, 2013
- Tom Cloud: The Pieces Are In Place For A Gold Rally
- 14 Carrots
- Urgent… But Not Important
- How to Turn Rock into Money
- TIME TO PAY UP!
| World's first Fairtrade silver comes to Britain Posted: 05 Jan 2013 12:30 AM PST In a bid to improve livelihoods of miners working in dangerous conditions and ensure ethical standards CRED Jewellery has imported the world's first fairtrade silver into Britain by David Brough, MineWeb.com
"Fairtrade" silver pays a premium price to poor, independent miners, who represent the vast majority of the labour force mining precious metals globally. CRED Jewellery, based in Chichester in southern England, has imported some 3 kg. of the silver, extracted from the remote Sotrami mine in Peru, one of the mines certified as Fairtrade and Fairmined. |
| Silver Update 1/4/13 FED Follies Posted: 04 Jan 2013 11:32 PM PST from BrotherJohnF: |
| Silver, the best investment that you can't tell anyone about Posted: 04 Jan 2013 11:30 PM PST from silverfish VT: |
| Taxpayers Say Fiscal Cliff Deal Doesn’t Go Far Enough – YouTube Posted: 04 Jan 2013 11:17 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Silver Manipulation Update 1/4/13 FED Follies – YouTube Posted: 04 Jan 2013 11:09 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| SPECIAL: 2012 Review & 2013 Preview – YouTube Posted: 04 Jan 2013 10:35 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Posted: 04 Jan 2013 10:21 PM PST "Follow the munKNEE.com"– Register to receive all future posts here Like health, freedom erodes gradually over time… then all at once. We So writes Simon Black (www.sovereignman.com) in edited excerpts from his original article entitled Capital controls, trade controls, border controls…
Black goes on to say, in part: This is the familiar story of almost every once-great world power throughout history – from the Romans to the Venetians to the post-Bourbon French – and the impetus is often the same: dire economic problems, underpinned by unsustainable debt or inflation of the currency. History shows us that when governments start to get into financial trouble, their only solution is to try to control and regulate everything. They impose:
They destroy freedom in the name of preserving the status quo. The Argentina Example Nowhere today is there a more clear example than here in Argentina. This nation, once one of the richest in the world, has gotten into financial trouble so many times it's hard to keep track and, in light of so much economic decline and capital flight, President Cristina Fernandez de Kirchner has imposed just about every control in the book. [Read: How NOT to Run a Country: What's REALLY Happening – and About to Happen – in Argentina] She's:
Basically, she's screwing everyone. Big time. Banks, businesses, workers, retirees, professionals, entrepreneurs, even government employees. Again, we know how this movie ends. The more governments control, the more disastrous the results. Will the U.S. Follow? [The above is] an important topic because we're seeing the same signs in Western Europe and the U.S. This summer I saw harsh banking and border controls in Italy, financial transaction controls in Portugal and Spain, and all-out asset confiscation in Greece. The U.S. is starting to go down this road as well. Indebted past the point of no return where they must borrow money simply to pay interest on the money they've already borrowed, they're out of options. Think about it:
How long will it be before the world's largest economy becomes the world's largest financial prison? How will you be worse off for holding some savings in a strong, stable bank overseas? Will anyone really miss receiving (and paying tax on) 0.1% interest at an insolvent US bank? It's utterly absurd… and truly time to diversify overseas [Read: U.S. Events Suggest It's Time to Further Internationalize Your Portfolio].
*http://www.sovereignman.com/expat/capital-controls-trade-controls-border-controls-10324/
Related Articles: 1. How NOT to Run a Country: What's REALLY Happening – and About to Happen – in Argentina
4. What is the "The Trillion Dollar Coin" Idea? Why Is It Beyond Stupid?
5. U.S. Events Suggest It's Time to Further Internationalize Your Portfolio
6. Why It's Exit Time – For Your Gold, Your Wealth and Your Family
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| By the Numbers for the Week Ending January 4, 2013 Posted: 04 Jan 2013 09:50 PM PST This week's closing table is just below. More... Vultures, (Got Gold Report Subscribers) please note that updates to our linked technical charts, including our comments about the COT reports and the week's technical changes, should be completed by the usual time on Sunday (by 18:00 ET). To subscribe to Got Gold Report click on the "Subscribe to GGR" button at top right. |
| Why American dollar is very overvalued Posted: 04 Jan 2013 09:30 PM PST from Alexiscom1: |
| Renewed Weakness in Gold & Silver Because of U.S. Dollar Index Strength ? Take a Look Posted: 04 Jan 2013 08:13 PM PST [B]"Follow the munKNEE.com"– Register to receive all future posts here[/B] Just 3 weeks ago it looked like the U.S. dollar index*would crash through its 1-year support line. Instead,*the USD index*has*bounced off it like an Indian rubber ball (remember?) and, in the process, hurt the price of gold and silver. Take a look at the charts from then and now. Words: 431; Charts: 2 So says Lorimer Wilson, editor of *editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!). The 2 charts below are from* Chris Kimble and show the “now” and “then” movements of the U.S. Dollar Index. Now a) The U.S. Dollar Index closed today at 80.50 (intraday close of 79.79) and above its 50-day moving average of 80.21. b) Gold Price: Gold closed*January 4th at $1,658.40 (intraday close of $1,626.00)*marginally above*its 200-day moving average of $1,622.91. CLICK ON CHART TO ENLARGE The... |
| The Morgan Report Alert System (Exclusive To Silver Investor) – YouTube Posted: 04 Jan 2013 08:06 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Renewed Weakness in Gold & Silver Because of U.S. Dollar Index Strength – Take a Look Posted: 04 Jan 2013 07:52 PM PST "Follow the munKNEE.com"– Register to receive all future posts here Just 3 weeks ago it looked like the U.S. dollar index would crash through So says Lorimer Wilson, editor of editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!). The 2 charts below are from Chris Kimble and show the "now" and "then" movements of the U.S. Dollar Index. Now a) The U.S. Dollar Index closed today at 80.50 (intraday close of 79.79) and above its 50-day moving average of 80.21. b) Gold Price: Gold closed January 4th at $1,658.40 (intraday close of $1,626.00) marginally above its 200-day moving average of $1,622.91. CLICK ON CHART TO ENLARGE Then a) USD Index: The long-term chart below showed a potential bearish Head and Shoulders pattern which did not materialize. On Thursday, December 20th, the U.S. Dollar Index closed at 79.26 (intraday low of 79.01) marginally below its 50-day moving average of 80.16. b) Gold Price: Gold closed December 20th at $1,645.90 (intraday close of $1,636.00) well below its 200-day moving average of $1,663.07.
The Future a) Check out this chart for the daily U.S. Dollar Index moves as the days unfold and b) this chart for a look at gold's performance over the next few days.
Related Articles:
2. Gold Crashes Through Its 11-year Channel Support Line! How Low Will Gold Go Now?
4. Gold Slaps 200-day Moving Average In the Face! Now's THE Time to Buy Some More
5. Bull Markets Always End With a Bang, Not a Whimper, So Gold's Run Should Have More Legs
6. Gold Probably Has One More Curve Ball to Throw Us Before Surging to New High
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| Turkish Gold exports up 800% on Iranian demand – GOLD NEWS – Mineweb.com Mineweb Posted: 04 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 ]]  |
| Peter Schiff 2013 – Look at how well Gold has done relative to the Stock Market… – YouTube Posted: 04 Jan 2013 06:32 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| North Korea's New Master Plan Posted: 04 Jan 2013 06:26 PM PST Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Known under the official misnomer Democratic People’s Republic of Korea (DPRK), North Korea is an inscrutable, unpredictable, armed-to-the-teeth thorn in just about everyone’s side, a pariah ready to lob nukes, starve its own people, or hold out an olive branch, only to yank it back. But now something is going on that reeks of the dreaded phrase, “this time, it’s different”: secret discussions in Germany. North Korea is seeking the advice of German economists and jurists, the German paper FAZ was told by a source, an academic and one of the presumed experts who has been participating in these hush-hush discussions. “There is a master plan,” he said. North Korea is planning to open up its economy to foreign investors in 2013. They’re particularly interested in modern investment laws. But they’re not looking at the Chinese model with its special economic zones for foreign investors. Instead, they’re looking at the “Vietnamese blueprint,” the source said, where the government selected foreign companies and investors. The advice of German experts would pave the way for German companies and investors. The lure of the familiar. North Korea had a busy relationship with communist East Germany. But special economic zones for foreign investors are already under way in North Korea along the Chinese border, including at Rason city, which North Korean officials hyped last September during an investment conference in China as “North Korea’s Shenzhen,” and the islands of Hwanggumphyong and Wihwa in the Yalu river, which would become the “blessed land for investors to get rich.” There would be incentives, such as duty-free imports and a 14% income-tax rate. Irresistible. Xiyang Group, a large Chinese mining company, invested $40 million in North Korea to build an iron-ore mine. But the government sabotaged the deal, stole its knowhow, and seized the mine, Xiyang claimed last fall. It was a “nightmare” running the place. North Korean managers, when in China, demanded top-shelf alcohol, cars, and pricy prostitutes. Accusations that the North Korean side met with counter accusations. The investment may be lost. So the Chinese are leery. But they know how to slip in and take advantage of opportunities [It Wasn’t Supposed To Be This Way: Chinese Oil Companies Apparent Victors in Post-Saddam Iraq]. There have been other signs—or hopes of signs—of an opening. Kim Jong-un, who was declared Supreme Leader in December, 2011, announced in his New Year’s address last Tuesday, the first such address by a Supreme Leader in 19 years, that 2013 would bring a “radical rerouting” of the country’s economic policies. Agriculture and light industry would be at the center. He had a vision: “An important issue in putting an end to the division of the country and achieving its reunification,” he said, “is to remove confrontation between the north and the south.” The peace offer was largely brushed off as mere rhetoric. Similar verbal gestures had been made before only to dissolve into missile launches, nuclear tests, and aggressive tirades. But the other divided country, Germany, had successfully reunified. It was expensive for West Germans, and a sea change for East Germans. Dissatisfaction in some circles led to the not-always tongue-in-cheek outcry, “We want to have our Wall again.” But Chancellor Merkel is from former East Germany—perhaps a model, or an illusion, for Kim Jong-un, who is young, worldly, and ambitious. He went to school under an alias in the German-speaking part of Switzerland near the capital Bern. From 1993 to 1998, he attended the private “International School” where English was the school language, then continued until 2000 at a public school where German was spoken. Poor grades and absenteeism dogged his experience. He flunked natural sciences, barely passed math and German—pretty good for a kid in a foreign country where his classes were held in two foreign languages. So, how serious could Kim be in trying to open up his country and strive for reunification? Now even former governor of New Mexico, Bill Richardson, and Google Executive Chairman, Eric Schmidt are heading to North Korea. Neither publicly divulged his intentions. The State Department expressed its opposition. There were rumors—likely a pretext—that they’d try to disentangle human rights activists as Kenneth Bae, an American who’d engaged, according to propaganda outfit, Korean Central News Agency, in “hostile acts against the republic.” The US defense industry would vigorously oppose any resolution of the Korean conflict as it would eliminate a major strategic concern—and the associated taxpayer-funded wealth effect. South Koreans, if they look at Germany, might wonder if they can even afford to pay for reunification. And the Chinese have their own concerns, including the outright collapse of the North Korean regime, and the chaos it would bring. But the Chinese won’t be discouraged. They’re on a quest for natural resources. Even in places like Africa, where China is going after oil, it surpassed the US and Europe as largest trading partner. Read.... China in Africa: Partners in the Year of the Snake. |
| The Trillion Dollar Coin – YouTube Posted: 04 Jan 2013 06:09 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Professor Polleit explains why fiat currency systems produce 'collective corruption' Posted: 04 Jan 2013 06:02 PM PST 8p ET Friday, January 4, 2012 Dear Friend of GATA and Gold: An interview done this week by GoldMoney's Andy Duncan with the German economics professor Thorsten Polleit, in which the professor explains why fiat currency systems lead to "collective corruption," delighted your secretary/treasurer because it reminded him of something a high school graduate said at GATA's Washington conference in 2008 (http://www.gata.org/node/6242): "The problem with central banking has been mainly the old problem of power -- it corrupts. "Central bankers are supposed to be more capable of restraint than ordinary politicians, and maybe some are, but they are not always or even often capable of the necessary restraint. One market intervention encourages another and another and increases the political pressure to keep intervening to benefit special interests rather than the general interest -- to benefit especially the financial interests, the banking and investment banking industries. These interventions, subsidies to special interests, increasingly are needed to prevent the previous imbalances from imploding. ... Dispatch continues below ... ADVERTISEMENT How to profit in the new year with silver -- Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... "And so we have come to an era of daily market interventions by central banks -- so much so that the main purpose of central banking now is to prevent ordinary markets from happening at all. "Central banking controls the value of all labor, services, and real goods, and yet it is conducted almost entirely in secret -- because, in choosing winners and losers in the economy, advancing infinite amounts of money to some participants in the markets but not to others, administering the ultimate patronage, central banking cannot survive scrutiny. "Yet the secrecy of central banking now is taken for granted even in nominally democratic countries." That is, money creation is power, infinite money creation is absolute power, and as Lord Acton said so famously, "Absolute power corrupts absolutely." Professor Polleit backs it all up with some Austrian School economics in 27 compelling minutes at GoldMoney's Internet site here: http://www.goldmoney.com/podcast/thorsten-polleit-discusses-collective-c... CHRIS POWELL, Secretary/Treasurer Join GATA here: Vancouver Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT GoldMoney adds Singapore vaulting option In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 11, 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 11, 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 |
| Posted: 04 Jan 2013 05:49 PM PST
While the cost of living has become a problem for some in the US (courtesy of the Fed’s inflationary policies) it’s become a real nightmare for many in the emerging markets where as much as 50% of income is spent by consumers on food.
As a result, we’re beginning to see more and more workers demanding pay raises.
Farmworkers demanding higher wages in South Africa’s biggest table grape-growing region resumed protests today in the absence of new talks between the government, labor unions and the main farmers organization.
About 150 people protested peacefully near a shanty town outside Worcester in the Western Cape province, demanding that the minimum wage be increased to 150 rand a day ($16.92) from 70 rand. In Stofland, on the outskirts of De Doorns, about 50 people marched through the streets of the settlement singing songs and carrying banners of the United Democratic Front, a civil rights group.
Spreading protests and escalating demands from Indonesia's labor groups could delay or even derail spending on the country's overburdened infrastructure, industry leaders warned.
Jakarta's governor agreed to increase the minimum wage in the capital by 44% this week. As other regions are expected to follow suit, the populist move could trigger higher wages and inflation and discourage investment in Southeast Asia's largest economy, say some analysts and executives. Unions say workers deserve higher wages, better benefits and better job protection as the country's economy blossoms.
http://online.wsj.com/article/SB10001424127887324352004578136521801067406.html?mod=googlenews_wsj
Nearly half of the bus drivers from China who were involved in a dispute over salaries on Monday did not show up for work on Tuesday morning.
SMRT said 88 of the 171 drivers who refused to work on Monday did not report for work again on Tuesday.
SMRT said it takes a serious view of the bus service delays that were brought about by the irresponsible behavior of the bus drivers who did not report for work as scheduled.
It said SMRT's priority is to ensure that bus services are restored to normal as soon as possible.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1239610/1/.html
There is no indication this trend will be ending. Once wages begin to rise aggressively is when inflation really begins to take hold in the system. This process has begun and will accelerate in the coming months.
With food prices already high, the Chinese Government is desperate to channel the country’s frustrations towards an external problem rather than face rampant civil unrest.
Thus far the focus of this has been Japan (the long-?standing dispute over who actually owns the Senkaku islands). But with the Fed now announcing QE 3 and QE 4 (which will push food prices even higher), we will see a resurgence in the US/ China conflict: more accusations of currency manipulation, trade wars, and other political issues.
In plain terms, the Fed has handed China another problem (even higher food prices). Don’t expect China to ignore this. Indeed, with higher food costs on hard, China won’t be able to engage in another massive round of stimulus, no matter what the “experts” suggest.
Indeed, in late December at the Central Economic Work Conference the new party leader Xi Jinping literally stated that China would not be pursuing growth rates through stimulus.
On that note, we’ve recently published a FREE Special Report outlining how and why to buy bullion. It’s titled Bullion 101: Everything You Need to Know About Investing in Gold and Silver Bullion… and it explains what the mot liquid common bullion coins are, how to buy them, and what questions to ask a reputable dealer.
You can download a free copy of this report at:
http://gainspainscapital.com/bullion101/
Best Graham Summers |
| The Gold Price Suffered Again Today and I Bought More 2013 Will Take Gold Up Wildly Posted: 04 Jan 2013 05:25 PM PST Gold Price Close Today : 1,648.10 Gold Price Close 28-Dec-12 : 1,654.90 Change : -6.80 or -0.4% Silver Price Close Today : 2989.6 Silver Price Close 28-Dec-12 : 2992 Change : -2.40 or -0.1% Gold Silver Ratio Today : 55.128 Gold Silver Ratio 28-Dec-12 : 55.311 Change : -0.18 or -0.3% Silver Gold Ratio : 0.01814 Silver Gold Ratio 28-Dec-12 : 0.01808 Change : 0.00006 or 0.3% Dow in Gold Dollars : $ 168.52 Dow in Gold Dollars 28-Dec-12 : $ 161.61 Change : $6.90 or 4.3% Dow in Gold Ounces : 8.152 Dow in Gold Ounces 28-Dec-12 : 7.818 Change : 0.33 or 4.3% Dow in Silver Ounces : 449.40 Dow in Silver Ounces 28-Dec-12 : 432.42 Change : 16.97 or 3.9% Dow Industrial : 13,435.21 Dow Industrial 28-Dec-12 : 12,938.11 Change : 497.10 or 3.8% S&P 500 : 1,466.47 S&P 500 28-Dec-12 : 1,402.43 Change : 64.04 or 4.6% US Dollar Index : 80.491 US Dollar Index 28-Dec-12 : 79.663 Change : 0.828 or 1.0% Platinum Price Close Today : 1,555.20 Platinum Price Close 28-Dec-12 : 1,517.40 Change : 37.80 or 2.5% Palladium Price Close Today : 687.80 Palladium Price Close 28-Dec-12 : 699.60 Change : -11.80 or -1.7% The silver and GOLD PRICE suffered again today. Gold lost 25.60 (1.5%) to $1,648.10 while silver lost 77.5 cents (2.5%) to 2989.6. Then a funny thing happened after the Comex closes: gold shot up nearly $10 and silver nearly 30 cents. Bollinger bands are a technical indicator too complicated to explain (a 20 day running band at +/1 2 standard deviations from the mean) but fairly reliable. Both silver and gold have now twice punched the bottom band. Points to higher prices immediately The GOLD PRICE low today was $1,625.25. New low for the move, but it closed nearer the top of today's range ($1,658.43) than the bottom. All today's loss came before New York opened, so strange as it sounds, today in New York gold steadily climbed. London p.m. fixes have now double bottomed. 21 December 2012 fix was $1,651.50 (a.m. fix that day was $1,648.25) while today's p.m. fix was $1,648. That doesn't answer any question beyond quibble, but points in the right direction. Downtrend line from recent lows stands about $1,620 today, and from the Sept 2011 high at about $1,610. Final kiss good-bye? The SILVER PRICE made a new low today at 2920c, just about the downtrend line defining recent lows. A bit further draw, about 2875c, lies the downtrend from the April 2011 high. Again, this appears a likely place to turn around. I throw my hands up in the air and wait for the market to speak. 'Tis long past time silver and gold should have turned around, but they work on their schedule, not mine. One comforting encouragement is to hear long time gold advocates growing chilly about the bull market. That generally is a sign a significant bottom has been reached. A bull market climbs a wall of worry -- the bull wants to shake off as many riders as possible. Neither in time nor price has this metals bull market fulfilled reasonable targets, so the best must lie in front of us. I keep accumulating on the way down. If it falls more, I'll buy more. I remain persuaded that 2013 will take silver and gold up wildly. One week can certainly turn things around. For stocks and the dollar, a turnaround upwards, for metals (other than platinum) downward. Is that all there is? Is it the end of the silver and gold bull market? Have stocks begun a new bull market? Yes, and if frogs had wings they wouldn't bump their little rears when they jump. Just be patient. Here's the biggest story of the week, although you may not see it mentioned many places. The YIELD on the US 10 year treasury note broke out to the Upside. It gapped up to the downtrend line on Monday, then smartly advanced the rest of this week. So what does this whisper? Since the yield (interest paid over the life of the bond) is the INVERSE of the bond's price, this implies lower bond prices. It's also not good news for Ben the Beneficent, because the Zero Interest Rate Policy has been the keystone of his rickety recovery arch. The Fed does NOT control interest rates, any more than a flea riding an elephant controls the elephant. Fed controls only the Fed Funds rate, and if the market decides it does not trust the dollar, they will shuck bonds like they were blankets from a leper colony (bonds are only a promise to pay dollars tomorrow, when the dollars will be worth less). Ben's Zero Interest Rate Policy has also been wreaking havoc in the economy, because pension funds and insurance companies must operate on virtually no interest income when for long years they have assumed 4% - 6%. And of course, Ben's dumb policy has created a bubble in US treasury bonds because his ever lowering interest rates guaranteed the bonds' price would rise. Too early to say yet exactly what this 10 year yield breakout means, but at the least it means lower bond prices for a while, and headaches for the NGM at the Fed. First big resistance to further rise in the yield come at 24 (2.4%). A bursting bond bubble might cover everybody in goo. US dollar index surged yesterday and appeared to break through its downtrend line, but was it real, or only a feint for suckers? Dollar dropped back 7.7 basis points today to 80.491. Dollar cannot maintain upward momentum if it closes below 80, but for now it's headed up. Euro gained a little today, up 0.21% to $1.3075, but this repairs on damage. Euro has gapped down through its 20 day moving average (1.3128) and is hovering above its clustered 62 DMA ($1.2985) and 50 DMA ($1.2984) Uptrend appears broken beyond repair, but who ever knows with currencies? Defying even pessimism, the Yen made a new low for the move today, down a whopping 0.98% to 113.45 cents/Y100, and at its lowest level since June 2010. Must be somewhere near a bottom -- monstrously oversold. Stocks jubilated today. Dow rose 43.85 (0.33%) to 13,435.21, still comfortably above that ol' 13,300 resistance/support. However, they're blocked right now by a long standing internal resistance line. S&P500 rose 0.49% (7.1) to close at 1,466.47. As they did from June 2012 through September 2012, stocks are forming another Rising Wedge. This pattern is a trickster. It points upward, and will fool you with its apparent strength and enthusiasm, but 'tis destined to respond to gravity, not levitation. Will break down, and hard. But stocks may rise to a new high, even above 13,660. Right now they are running on hope, not evidence. Regardless how long this rally lasts, eventually economic gravity will take them down. US economy has not recovered, and can't until it purges out all the bad investment from the last boom. Banks haven't cleaned up their balance sheets, real estate remains oversupplied, and prices haven't retreated enough to form a bottom. That will take another 15 years or so. Sooner or later, stocks will bend their back under those burdens. Y'all enjoy your weekend. 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.  |
| Netflix & SEC: Not a Fascinating Social Media Story At All Posted: 04 Jan 2013 05:00 PM PST
By EconMatters
Never a dull moment with Netflix! Last month, the company just announced an exclusive deal to stream Disney movies just months after they are in theaters. The stock was up 5.5% on the news. But a couple of days later, SEC 'friended' Netflix by alleging Netflix and its CEO Reed Hastings violated the Reg FD (Regulation Fair Disclosure) over a Facebook post by Hastings and is seeking legal action.
As we previously discussed, Hastings posted on his Facebook page on July 3, 2012:
Netflix was not scheduled to report its full earnings for Q2 until after the market close on July 24. The company stocks jumped 13.4% in two days after that Facebook update. The SEC now says that is material investor information that must be disclosed in a regulatory filing or press release (i.e. a Regulation D or Reg D violation). Netflix, on the other hand, says the information isn't material as the company had disclosed similar info. elsewhere. Selective Disclosure? Due to the popularity of Facebook and social media, the discussion so far has primarily centered around how SEC should "get with the program" to consider social media as part of public disclosure, while company CEO Hastings called it a "fascinating social media story" via no other than another Facebook update.
This incident has prompted a firestorm of debate regarding the legality of releasing corporate information via social media, and the SEC has been dogged as "the dinosaur" in this brave new info age.
However, most people are missing the boat as the more relevant issue is the "selective disclosure" by the Netflix CEO, at least in our view.
Nice Head Fake? You see, Hastings Facebook post only selectively mentioned one "good" news that would inevitably pump the stock price, and omitted negative news such as the overall operating profit margin of 1.8% was dragged down by more losses of $89 million from international expansion.
Some analysts at the time believed Reed Hastings' Facebook announcement regarding over one billion streaming hours of video in June gave the market "a nice head fake" sending Netflix shares up from the mid-60s to over $84 per share.
As Morningstar put it:
However, to regular-Joe-and-Jane retail investors, Hastings Facebook announcement definitely gave an overall bullish indication of 2Q earnings which would not be officially released 2 or 3 weeks later.
Some may say that Hastings may not have all the figures since the official earning release was not until almost 3 weeks later. Then, it is even more irresponsible for a CEO to announce something without all the facts and figure, at least in our view.
In other words, Hastings behavior can't escape at least a whiff of the possible classic "pump-n-dump."
When Executive Lacks Common Sense While the "Facebook Incident" by Hastings/Netflix has been touted as "pushing the envelope" by some mainstream media, we think it actually also demonstrated an incredible lack of "executive common sense."
Ever since the collapse of Enron and Lehman Brothers, corporate executive behavior and communication has been under the microscope with increasing regulatory scrutiny. There's a good reason why almost all Fortune 500 C-Suite executives are very cautious and tight-lipped when speaking to the public about anything with stock price moving potential.
The reason for this kind of caution is simple – to be responsible to shareholders and avoid dragging the company into unfavorable limelight affecting the shareholder value. After all, why attract the time-and energy-consuming regulatory attention when executives should really spend time concentrating on running the company?
Netflix long-term growth story may or may not be valid given the potential competition from Google, Apple, to name a few, but for now, we say think twice before throwing money at a company run by an executive who appears quite low on common sense IQ, to say the least.
Further Reading - Fools Rush in After Netflix Boasts on Facebook?
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| U.S. Gold Bullion Reserve, the 14 Carrot Rabbit Posted: 04 Jan 2013 03:12 PM PST “14 Carrot Rabbit” is an animated cartoon featuring Bugs Bunny and Yosemite Sam. The story begins with an old man named Louie successfully gold panning on his claim. Chilkoot Sam (Yosemite Sam) of nasty reputation and carrying a gun, scares Louie away and claims his gold. Chilkoot Sam gets ten bucks for the gold from Pierre at the “Next To Last Chance Saloon.” |
| US Mint Gold and Silver Bullion Coin Sales Posted: 04 Jan 2013 03:01 PM PST Gold and silver come in multiple forms, each with their own unique yet interrelated supply-and-demand profiles. Among the most popular in the US physical market are the bullion coins produced by the US Mint. Investor demand for these beautiful coins has been robust in recent months despite all the unrelated fund selling weighing on gold. US Mint bullion-coin sales offer great insights into physical demand. |
| Investor Profit from the Inflation Deflation Reality 2013 Posted: 04 Jan 2013 02:56 PM PST “There is no practical way that QE can cease here or in Euroland without a total and final collapse of the financial system.” “The Federal Reserve Really Has No Practical Option To End QE” Jim Sinclair, jsmineset.com, 1/3/2013 The five year chart of the CRB Index (a Broad Measure of Commodities Prices) shows three descending tops, which is suggestive of Deflation. But to conclude that Deflation is likely to be The Ruling Force in the Economy in 2013 would be a Dangerous Error. |
| Gold Seeker Weekly Wrap-Up: Gold and Silver End Near Unchanged on the Week Posted: 04 Jan 2013 02:14 PM PST Gold fell all the way to $1625.87 by a little before 7AM EST, but it then rallied back higher throughout most of trade in New York and ended with a loss of just 0.49%. Silver slipped to as low as $29.22 in London, but it then rallied to as high as $30.25 in New York and ended with a gain of 0.2%. |
| Gold Daily and Silver Weekly Charts - The Usual Jobs Report Shenanigans Posted: 04 Jan 2013 02:11 PM PST  This posting includes an audio/video/photo media file: Download Now |
| Posted: 04 Jan 2013 02:01 PM PST [B]"Follow the munKNEE.com"– Register to receive all future posts here[/B] Those dependent on the welfare state are unaware that their benefits are not sustainable. Most believe tomorrow will be like today and the checks will keep coming from Mother Government. Political power was gained based on promising these benefits. No politician will risk his position by trying to reduce them. No democratic society has ever rolled them back via peaceful political means. [At worst,] the economy and society could end up in ashes [and, at best,] the world is in for a long period of stagnation, retrogression and conflict. [Let me explain more fully.] Words:*1115 So*writes Monty Pelerin ([url]www.EconomicNoise.com[/url]) in edited excerpts from his original article* entitled Economic Armageddon Is Coming. [INDENT]This article is presented by[B][COLOR=#ff0000] [COLOR=#ff0000]www.FinancialArticleSummariesToday.com [/COLOR](A site for sore eyes and inquisitive minds) and [COLOR=#ff0000]www.munKNEE.co... |
| Confiscation of Gold – Then What? Part 4 Posted: 04 Jan 2013 02:00 PM PST Readers may not agree with our conclusions on the confiscation of gold, but we emphasis this reality. If we are wrong, then you will still own your gold; if we are right and you have not taken the right steps to guard against confiscation and the personal dangers to you individually, then you will lose your gold and possibly suffer the penalties, which the "Gold Confiscation Order" may bring with it. |
| Posted: 04 Jan 2013 01:58 PM PST "Follow the munKNEE.com"– Register to receive all future posts here Those dependent on the welfare state are unaware that their benefits are So writes Monty Pelerin (www.EconomicNoise.com) in edited excerpts from his original article* entitled Economic Armageddon Is Coming.
Pelerin goes on to say, in part: The U.S. and other modern industrialized nations are headed for economic collapse. Political excesses created unwieldly and insolvent social welfare states in every modern democracy. The notion of providing for those who cannot or do not provide for themselves has limits. As Lady Margaret Thatcher expressed the problem: "The trouble with Socialism is, sooner or later, you run out of other people's money." The Political Problem Governments in the developed world are out of money. They can either cut back the welfare state or attempt to fund it by ever-increasing taxes. The latter route represents economic suicide as increasing taxes destroys the economy. The former route represents political suicide. Dependency, once accepted as a way of life, cannot be cured without jeopardizing the existence of government and society. [Read: Get Ready to be Financially Conscripted – and Face a Lower Standard of Living!] The Financial ProblemsThe financial hole dug by most social welfare states is too deep to get out of. The finest turnaround manager in the world, unconstrained by politics, would be unable to remedy the problems. The mathematics of the problem are just too far gone. Radical cost-cutting and proper economic policies can no longer work. Hope and change may work in a political campaign, but slogans carry no weight against the iron laws of arithmetic. The world is on the verge of massive sovereign defaults…[and] the best resolution of [such]…problems would be to default on…[their] unsustainable promises and debt. While not honorable, it is the only option that can reverse the inexorable debt death spiral that is destroying all welfare states. Without a liquidation of excess liabilities, economic growth cannot resume and economies will shrink and eventually implode. Japan, more than two decades into its economic purgatory, has managed to stall the implosion but not avoid it. The U.S. and other countries are on the same path. [Read: 3.6 Million Views – and Counting! Why U.S. Debt & Budget Will NEVER Balance and Finally! Someone With the Balls to Face Reality and Outline the Probable Outcome & Utter Hopelessness of America's Debt Problems] Welfare states have become zombie economies. These "walking dead" are shells of what they once were. A failure in one probably produces a domino effect that dooms all. [Read: The Zombification of the Financial System: Debt is NOT a Free Lunch, Debt is NOT Wealth] Two courses of action can be pursued: 1. The Economic Solution This solution requires that government spending be brought into line with revenues and held there (or below) for a lengthy period of time. That requires reneging on many social promises and possible sovereign debt defaults. A depression would occur. Homes would be foreclosed and businesses closed. [Read: World Debt 101] Wealth, defined in terms of physical assets, would be re-allocated. New owners and uses of assets would result. So, too would a complete cleansing of the cancer that prevents economic growth. The economy would be traumatized, but recover rather quickly so long as government refrained from intervening. Pain and suffering are inevitable. Civil unrest is probable and so is the risk that governments could be overthrown. [Read: Facts Show U.S. Gov't Expecting Civil Unrest Should Economy Collapse and George Soros Predicts Economic Chaos/Conflict in Europe and Riots in the U.S.! The above] solution is horrible in every sense but one — it is the better of two alternatives. 2. The Political Solution There is no political solution, although that will not stop politicians from pretending there is. "Pretend and extend" is all they can do. Intervening with additional stimulus and more printed money buys some time, but worsens the economic problems. Problems and distortions are made bigger, requiring even more adjustment when they inevitably occur. Pursuing this strategy flirts with currency destruction which would destroy the savings and fixed incomes of the middle class. The end result is the same as the economic solution — a complete and total collapse of the economy. The difference is that the collapse is more severe and that many [people] may be destroyed in a hyperinflationary blow-off. Since 2008, the money supply has almost quadrupled. Most of that money lies dormant in the banking system. Had it been loaned, we would have massive inflation today. Instead, it sits there like dry tinder awaiting a spark to ignite it. The Road Ahead The productive world has allowed its wealth to be squandered by profligate politicians and their governments. Unsustainable welfare states (Ponzi schemes in a sense that even Ponzi himself could not have imagined) consumed capital rather than allowing its re-investment and growth. Without capital growth, real wages must shrink and that is exactly what is happening today. The world is in for a long period of stagnation, retrogression and conflict. The next hundred years could very well be referred to by future historians as an Economic Ice Age. Short-term, this generation cannot avoid another Great Depression. The proverbial butterfly flapping its wings in Greece, Spain or other places could be the catalyzing event….[althought] it might be possible that the form of Japanese purgatory that much of the world has entered could be sustained for a decade or so. [Read: Nothing Can Be Done to Avoid Coming World-wide Depression! Here's Why] Protecting Yourself The changes coming are going to destroy people and fortunes. Some entrepreneurial types will stay ahead of events, protecting or even increasing their wealth. Most people, however, will be caught off-guard, trusting investment methods and guidelines that worked in a sane world but no longer work in the new world…. [Read: Today's Investment Approach Must Change to Survive Tomorrow's Major Economic Changes – Here's How]
*http://www.economicnoise.com/2013/01/03/economic-armageddon-is-coming/
Related Articles: 1. The U.S. Economy is Going to Collapse…It is Unavoidable…It's a Mathematical Certainty…Here's Why
2. Peter Schiff: The Federal Reserve is Now 100% Committed to the Destruction of the Dollar
4. If You Are Not Preparing For a US Debt Collapse, NOW Is the Time to Do So! Here's Why
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| Gold and Silver Disaggregated COT Report (DCOT) for January 4, 2013 Posted: 04 Jan 2013 01:41 PM PST HOUSTON -- This week's Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday. Our recap of the changes in weekly positioning by the disaggregated trader classes, as compiled by the CFTC, is just below. Please note: Due to the New Year holiday, the cutoff for this week was on Monday rather than the normal Tuesday schedule. Thus it captured the positioning of traders at the close on the last day of 2012 rather than the first day of 2013. (DCOT Table for January 4, 2013, for data as of the close on Monday, December 31, 2012. Source CFTC for COT data, Cash Market for gold and silver.) More... In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In the Change column, a negative number indicates either an increase to an existing net short position or a reduction of a net long position. A black figure in the Change column indicates an increase to an existing long position or a reduction of an existing net short position. The way to think of it is that black figures in the Change column are traders getting "longer" and red figures are traders getting less long or shorter. All of the trader's positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report. |
| COT Gold, Silver and US Dollar Index Report - January 4, 2013 Posted: 04 Jan 2013 01:32 PM PST COT Gold, Silver and US Dollar Index Report - January 4, 2013 |
| Tom Cloud: The Pieces Are In Place For A Gold Rally Posted: 04 Jan 2013 12:50 PM PST In this week's talk with Tom Cloud of National Numismatic Associates, he explains why the upcoming debt limit negotiations are a bigger deal than the fiscal cliff for precious metals. Read More...  |
| Posted: 04 Jan 2013 12:35 PM PST "14 Carrot Rabbit" is an animated cartoon featuring Bugs Bunny and Yosemite Sam. The story begins with an old man named Louie successfully gold panning on his claim. Chilkoot Sam (Yosemite Sam) of nasty reputation and carrying a gun ... Read More...  |
| Posted: 04 Jan 2013 12:24 PM PST January 4, 2013
Those governors in the minority aren't identified in the minutes. We won't find that out for five years, when the full transcripts are released. Some transparency. On the news, precious metals tanked; the dollar jumped.
This morning, Chuck Butler gazed upon his trading screens at the EverBank World Markets trading desk and smirked. "With the currencies and metals in the woodshed for a beating this morning," he then wrote, "I could be Pollyannalike and say, 'Hey! We get to buy at much cheaper levels today!' But I'm not feeling very Pollyannalike this morning. In fact, I actually feel like I need to go back to bed!" Alas, gold's drop falls under the category of "urgent, but not important." A slight rebound to $1,650 is under way as we write. As such, we're sticking with our 2013 gold forecast, which we shared a week ago yesterday: Chinese accumulation will push gold substantially higher this year — maybe even to $2,500. With the deluge behind us, let's move on to a second day revisiting our 2012 forecasts… to see how they turned out.
"Europe's banking sector needs cash — mountains of cash," he explained, foreseeing $1.8 trillion in asset sales — such as quality real estate — over the following decade. "There is no better, more reliable way to make money than to buy something from someone who has to sell. Bankers are the best people in the world to buy from." As Chris is a reformed banker himself, he was speaking from experience: "I would get at least three or four requests every year from some investor group asking if we had any assets we were looking to unload. Why? Because they know banks are stupid sellers. "As soon as the bank reports a big bad debt on a quarterly financial statement, some annoying things happen." They have to set aside more capital for the bad loan. Or the regulators might come knocking. Or shareholders will sell. Whatever the case, they'll often sell assets at a loss to raise cash. By July, the fire sale added a boatload of new inventory: The International Monetary Fund doubled its estimate of the assets eurozone banks would have to unload… to $3.8 trillion. By year-end, Chris' main method to profit from the trend was up over 22%. And he'll have another idea in the next issue of Capital & Crisis, because this trend is just getting started.
Now, with the bubble long burst, Ireland's an attractive place to scoop up bargains. Its population is young and growing. It has good infrastructure, low taxes and, as legendary investor Wilbur Ross puts it, "a high-tech economy with noncyclical exports." "Ireland's hangover is wearing off," writes our macro strategist Dan Amoss, "and hardly anyone's noticing yet. Painful austerity measures implemented after the financial crisis are bearing fruit. Real wages have fallen, enhancing the country's competitiveness. The government tightened its belt and got results: Irish bond yields fell from the teens to under 5%." As many eurozone peers pretended their banks were solvent, Ireland restructured. A fire sale of Irish bank loans is under way. "The preferred way in is to buy bank debt from Ireland's distressed banks," Chris Mayer adds. "For a time, Irish banks were reluctant to shed Irish property at discounts. Instead, they sold off non-Irish property loans first. But now they are selling Irish property aggressively. In October, Lone Star, a private equity group, picked up $600 million in loans at a 60% discount off the face value of the notes." If you can't buy discounted bank loans, don't worry. We'll show you another way to profit in today's 5 Min. Forecast PRO. If you've signed up for your free two-week trial, you can scroll down to read it at the bottom of this email. If you haven't, you can sign up for access here.
A quick refresher: One of the companies on Patrick's radar is a pioneer in induced pluripotent stem (iPS) cells. These cells have all the advantages of embryonic stem cells, with none of the ethical or practical downsides: cells from your own body that are transformed into cells as youthful as the day you were born… and can be turned into cells for nearly any part of your body, even your heart. The week that Patrick was writing, the company leading the way in iPS cells licensed technology related to a one-of-a-kind gene. "There are two types of cells that do not age," he explained. "These cells are, for practical purposes, immortal. In appropriate conditions, they do not age and they do not die. These two cell types are germline or embryonic stem cells and cancers."
In other words, it will become far easier to take cells from your body and turn them into a new, healthy organ — a heart, for instance — to replace your old, diseased one. Since then, progress has accelerated at breakneck pace. We'll show you a video clip with mind-blowing proof later today. Once this clip becomes mainstream knowledge, the company's shares might well shoot up another 1,000% — as they did the first time Patrick recommended them. [Warning: Some people might be offended by the nature of the video. No sex, violence or foul language... but it's bound to stir up controversy. We encourage you to judge for yourself; keep an eye on your inbox.]
"Corporate bonds, at least the 'safer ones,' have all been gobbled up. Any bet on so-called safe sovereign debt yields squat. 2012 investors will, instead, take on more risk to outpace inflation. They'll continue looking outside of bonds for income. "Income-paying stocks — anything paying more than 2% or so — should take off," he continued. "But because growth will be slow across the board, some of those bets will turn sour. Dividends are still at risk of being cut in many corners of the market. I'd say the best bet for 2012, at least the first half of the year, will be blue chip dividend payers with cash flows large enough to cover their shareholder payments." Indeed, they were. Wal-Mart, for example, is up over 15% in the last year — before you include dividends. Readers of Lifetime Income Report were urged to pick up shares in September 2011, when the yield was a respectable 3.05%. With the soaring share price, buyers today have to settle for 2.30%. [Program note: We're beefing up our income desk with the dawn of the new year. Industry legend Neil George is coming on board. He's a 25-year veteran of the financial industry, with a resume that covers all six habitable continents. Mr. George has traded everything from bonds to options to stocks to CDs. "But during my career," Neil told us over lunch yesterday, "I kept noticing how the best companies -- from the most reliable to the fastest growing -- tended to believe in paying income to shareholders. So that's what I buy." Much more from Neil in the days and weeks ahead. Watch this space. We're 100% confident you'll find his stellar record in managing an income portfolio a welcome addition to our team.]
As we write, the Dow is at 13,400 on the nose — very near where it was 24 hours earlier.
The working-age population grew by 176,000… but 224,000 people departed the labor force, and it's a safe bet most of them didn't retire with a gold watch. Instead, they gave up looking for work. Thus has the real-world unemployment rate — dutifully maintained by John Williams at Shadow Government Statistics — hit 23.0%, an all-time high.
"Oregon state officials," reports The Associated Press, "are proposing an alternative tax for drivers who have bought efficient or electric vehicles that seldom or never stop at the gasoline pump, where government has traditionally collected money to build and fix roads." Yes, here it comes: a per mile tax on vehicles that get 55 miles per gallon or the equivalent. The only saving grace: Such a tax increase would have to garner a three-fifths majority in the Oregon House and Senate.
But a higher gas tax is only the beginning: "The fuel tax is running out of steam, experts warn, because more efficient vehicles are using less fuel and rising fuel prices discourage driving," said a CNN story more than a year ago. "The solution, say many transportation experts, is to replace — or supplement — fuel taxes with a per mile tax on every vehicle in America."
"My theory rests on the idea that markets move up when there are more buyers than sellers… the average American will rush to buy MSFT et al. shares before gold bullion or coins, as what good will coins be in the Apocalypse? "Nothing will be for sale… I wouldn't exchange any of my spare food or water for shiny coins in a Mad Max world. And I imagine a lot of Americans have secret plans to become stickup men, should the time arise… like the grasshopper and the ant, but this time, the grasshopper has a gun. "With the majority of investors out of the market since 2007… when inflation returns, the average American will rush to buy shares at a faster rate than gold. At the tail end of the move, the Dow and gold will diverge, with the Dow tanking and gold spiking, giving a very short-term 1:1 ratio or 1:2. "I think it could be annoying for some gold bugs seeing the Dow rally as much and require no hiding spots and safes… just a theory." The 5: Right… just a theory.
"So I got the email on the PRO version of The 5," writes a third on the same theme. "It stated that the blurb/pitch would be short…and it was! I made it to the bottom and magically clicked the 'yes/buy/want/need' button. "I think this is the first time I made it to the bottom, and so was motivated to 'BUY!' Hopefully, this will be good incentive for your future pitches. "Now I get to read my first version here in the Cathay Pacific lounge at the Hong Kong airport on the way home. Fantastic at less than a buck a week… and a declining-value buck at that!" Cheers, Dave Gonigam P.S. Did you buy them? Greg Guenthner advised readers of Penny Stock Fortunes to take 105% profits on SiriusXM Radio today. Those gains are on top of the 158% they bagged last month on Smith & Wesson. Kudos to Greg… for more trades where those came from, look here.        |
| Posted: 04 Jan 2013 12:05 PM PST What if the shockingly low valuations of some junior mining companies are really all they're worth? As the market shakes off years of exuberance, Brent Cook, co-editor of the Exploration Insights newsletter, searches for the truly undervalued—finds as rare as gold itself. In this interview with The Gold Report, Cook talks about high-margin deposits that the rest of the market can't see. |
| Posted: 04 Jan 2013 12:01 PM PST Back on December 5th I made the offer posted below and the deadline has arrived. It looks like the one ounce silver round I promised is still going for $70+ on eBay! If admin can let me know how many shit throwing monkeys ponied up a few pennies I can get to fulfilling my offer. "I'd like to make an offer to the shit throwing denizens of TBP. I typically send a bit of fiat admins way on an irregular basis. My hope is that the money gets spent to offset TBP expenses that admin incurs, however, I give it freely he can spend it however he wishes even if that includes romancing his lovely wife Avalon at the nearest dive bar. (I hear that they are fond of those places.) Ever since discovering TBP, the place has felt like home and I truly appreciate all the effort admin puts into running it. So, in that spirit I am going to send admin my usual, paltry fiat donation AND I am also going to do something I've never, ever done before. I'm going donate an actual ounce of .999 silver in the form of one Silver Bullet Silver Shield round (pictured below) along with a coin holder signed by the designer, Chris Duane himself. The current average selling price of this round on eBay is over $70! Admin can do whatever he wants with it. Sell it. Donate it. Keep it or even wear it on a chain around his neck as he navigates the 30 blocks of squalor!
In addition to that, I will donate one dollar for every individual shit throwing monkey that makes a donation to admin, up to $20. Since I'm a bit late getting this out, lets make the deadline January 5th, 2013. So, if twenty different people step up and make a donation of any size by 1-5-2013, I will add $20 to my paltry fiat donation. If only fifteen people donate, I'll add $15. I'll trust admin to tell me how many monkeys make a donation. He seems like an honorable guy." |
A jewellery retailer has imported the world's first "Fairtrade" and "Fairmined" silver to Britain, in a bid to improve livelihoods of miners working in dangerous conditions and ensure ethical standards and traceability.
The United States and most of Europe…risk an eruption and collapse of the mountain of unsustainable sovereign debt built up over the last two decades. Frankly, the U.S. dollar and national debt situation is so dire – and our means to contain a sovereign debt crisis so limited by multiple wars and Washington's debt and political incompetence at home – that anything could happen, almost overnight. [The best] America and most European governments and the central banking elites, which created the criminal sovereign debt fiasco, [appear able to do is] try to buy more time and delay the inevitable. This inaction means the threat of an immediate US debt and dollar collapse cannot be ruled out. Therefore, readers who have not protected themselves certainly have cause to worry because now could be too late. [Let me explain further.] Words: 1689
Traders call it a "waterfall decline." 
Moments after the Federal Reserve released the minutes from their December meeting, traders began dumping gold. It turns out that "QEternity" actually has an end date in the minds of several Fed governors. For more than one… that date is later this year.
The all-electric Nissan Leaf: One way or another, they're gonna get you…Consider this a test case: There's plenty of grumbling in Washington about how the federal gas tax hasn't been raised in 20 years. The Simpson-Bowles commission proposed raising it. The subject came up briefly during the fiscal cliff negotiations last month.
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