Gold World News Flash |
- Ten Steps to Safety
- Time To Talk About Sustainable Development
- Collapse of UK debt-ridden social system only matter of time
- Bullish Perspective — Have Gold & Silver Prices Bottomed? – YouTube
- Gold And Silver - Opposing Forces Very Under-Rated. Ode On A [Un]Grecian Chart
- The economics of gold and silver in 2013
- WeaLTHY INDiaN PHD MiNTS GoLD SHiRT To MaKe A PoiNT...
- Don't let your small silver stack hold you back
- Fed 'trying their damnedest' to hold gold down but metal will win soon, Sprott says
- Peter Grandich explains why he's sticking with gold
- "The Magic Of Compounding" - The Impact Of 1% Change In Rates On Total 2022 US Debt
- Is It Still Possible to Get Out of Dodge?
- Millionaires Paid To Farm, Or Not Farm, Or Just Own Potential Farmland – Farm Subsidies – Fox Nation
- The Week Ahead: Investors Eye Earnings from Alcoa, Monsanto – YouTube
- ‘Collapse of UK debt-ridden social system only matter of time’ – YouTube
- Alan Grayson “The President Has A Lot Of Power And He Should Use It To Solve The Country’s Problems” – YouTube
- Jim's Mailbox
- Gold: It's For More Than Just Wealth Preservation
- Gold & Silver vs. Fiat: Do You Live In An Imaginary World Or In Reality?
- Silver 2012: A Year In Review
- Gold Price – Friday January 4th Could Have Marked A Significant Cycle Low
- The ABCs of Gold Investing, Third Edition. . .
- Stocks, Bonds, and Gold Inflection Point Market Trend Forecasts 2013
- Sprott and Biderman Sunday
- SILVER BACKED DEBIT CARD
- Gold Market Update
- Silver Market Update
- Gold Panicky Response to Fed Sets Up Bullish Potential
- Silver Steep Price Drop Creates Bull Hammer Pattern
- 2013 - The Year of the Gold Bull?
- 2013 - The Year of the Gold Bull?
- Gold And Silver – Who (What) Do You Trust? You Have A Choice.
- The Two-Legged Dog
- Sprott - Demand For Gold Is Now Overwhelming Central Banks
| Posted: 07 Jan 2013 12:05 AM PST (January 2013) The best time to start preparing was about a decade ago. The second best time is today. Make a plan and act. Start by reducing living expenses and eliminating credit card debt. Expect sweeping changes! I hope the inevitable currency collapse is slow and gentle, not rapid and destructive, but history suggests rapid [...] |
| Time To Talk About Sustainable Development Posted: 07 Jan 2013 12:00 AM PST by Jeff Nielson, Bullion Bulls Canada:
Proclaim you're an advocate of sustainable development, and then just stand back as right-wing Neanderthals hurl their idiot-epithets at you. Environmentalist. Socialist. Communist. In fact, however, what advocating sustainable development really signifies is a basic understanding of economics, and the ability to perform arithmetic. As any/every economy matures, economic growth steadily slows – literally toward zero. This is not a "theory." This is empirical evidence, from every nation and culture on the planet, spanning thousands of years. |
| Collapse of UK debt-ridden social system only matter of time Posted: 06 Jan 2013 11:30 PM PST from Russia Today: |
| Bullish Perspective — Have Gold & Silver Prices Bottomed? – YouTube Posted: 06 Jan 2013 09:56 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Gold And Silver - Opposing Forces Very Under-Rated. Ode On A [Un]Grecian Chart Posted: 06 Jan 2013 08:32 PM PST It is impossible not to read some source, informed or otherwise, touting the "fact" that the price of gold and silver will be [insert whatever amount you wish, here], "in the coming months", or safer, "in the next year or two," etc. Read More...  |
| The economics of gold and silver in 2013 Posted: 06 Jan 2013 08:30 PM PST from Gold Money:
Whether they are right or wrong only time will tell; but it is worth considering their basic argument, which goes something like this. The role of money in a transaction is to act as the objective element, which is the way people automatically think: hence an item or an asset costs so-many-dollars; if the price changes, it is normally assumed it is the value of the item or asset that has altered, not the purchasing power of the money. The moment ordinary people become alive instead to the possibility that prices are rising because the value of money is falling, the currency is doomed. This awakening to currency debasement is a gradual process, and so far the only people who really appreciate the danger faced by fiat currencies are that small group who follow Austrian economics. |
| WeaLTHY INDiaN PHD MiNTS GoLD SHiRT To MaKe A PoiNT... Posted: 06 Jan 2013 08:06 PM PST |
| Don't let your small silver stack hold you back Posted: 06 Jan 2013 08:00 PM PST from silverfish VT: |
| Fed 'trying their damnedest' to hold gold down but metal will win soon, Sprott says Posted: 06 Jan 2013 07:23 PM PST 9:20p ET Sunday, January 6, 2013 Dear Friend of GATA and Gold: The Federal Reserve is "trying their damnedest" to force the price of gold down and create volatility to scare investors away, Sprott Asset Management CEO Eric Sprott tells King World News tonight, but gold has a growing number of friends around the world and he is confident that the physical market will prevail soon. An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/6_Spr... 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 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 Join GATA here: Vancouver Resource Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT How to profit in the new year with silver -- Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million. Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets. To learn about this report, please visit: http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp... |
| Peter Grandich explains why he's sticking with gold Posted: 06 Jan 2013 06:51 PM PST 8:49p ET Sunday, January 6, 2013 Dear Friend of GATA and Gold: In a special Sunday-night review, market analyst and mining company consultant Peter Grandich explains why he's sticking with gold rather than bonds and U.S. dollars: http://www.grandich.com/2013/01/update/ CHRIS POWELL, Secretary/Treasurer 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 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 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/. |
| "The Magic Of Compounding" - The Impact Of 1% Change In Rates On Total 2022 US Debt Posted: 06 Jan 2013 06:21 PM PST They say "be careful what you wish for", and they are right. Because, in the neverending story of the American "recovery" which, sadly, never comes (although in its place we keep getting now semiannual iterations of Quantitative Easing), the one recurring theme we hear over and over and over is to wait for the great rotation out of bonds and into stocks. Well, fine. Let it come. The question is what then and what happens to the US economy when rates do, finally and so overdue (for all those sellside analysts and media who have been a broken record on the topic for the past 3 years), go up. To answer just that question, which in a country that is currently at 103% debt/GDP and which will be at 109% by the end of 2013, we have decided to ignore the CBO's farcical models and come up with our own. Our model is painfully simple, and just to give our readers a hands on feel, we have opened up the excel file for everyone to tinker with (however, unlike the CBO, we do realize that when calculating average interest, one needs to have circular references enabled so please do that before you open the model). Our assumptions are also painfully simple: i) grow 2012 year end GDP of ~$16 trillion at what is now widely accepted as the 'New Normal' 1.5% growth rate (this can be easily adjusted in the model); ii) assume the primary deficit is a conservative and generous 6% of GDP because America will never, repeat never, address the true cause of soaring deficits: i.e., spending, which will only grow in direct proportion with demographics but as we said, we are being generous (also adjustable), and iii) sensitize for 3 interest rate scenarios: 2% blended cash interest; 3% blended cash interest and 5% blended cash interest. And it is here that we get a reminder of a very key lesson, one that even the CBO admitted on Friday they had forgotten about, in what compounding truly looks like in a country that is far beyond the Reinhart-Rogoff critical threshold of 80% sovereign debt/GDP. The bottom line: going from just 2% to 3% interest, will result in total 2022 debt rising from $31.4 trillion to $34.1 trillion; while "jumping" from 2% to just the long term historical average of 5%, would push total 2022 debt to increase by a whopping $9 trillion over the 2% interest rate base case to over $40 trillion in total debt! Sadly, this is no "magic" - this is the reality that awaits the US. And for those more curious about that other critical economic indicator, debt/GDP, the three scenarios result in the following 2022 debt/GDP ratios:
Which reminds us: in the next few days we will recreate the same exercise for Japan's ¥1 quadrillion in total sovereign debt, which will show why any more "exuberance" arising from Abe's latest economic lunacy, will promptly send the country spiraling into that twilight zone where every dollar in tax revenue is used only to fund interest expense. Once again, it is not our intention to predict what US GDP or debt/GDP will be in 2022: only the IMF can do that with decimal level precision, apparently, and not just with anyone, but Greece. The whole point is to show that when dealing with a debt trap lasting a decade, even the tiniest change in input conditions has profound implications on the final outcome. We invite readers to come up with their own wacky and wonderful projections of what the futures of the US may look like. And that one should, indeed, be careful what one wishes for. The results summarized for the three scenarios: Total debt: 2013-2022. Debt/GDP: 2013-2022: The Zero Hedge open source model, for everyone to play around with, can be found here. Remember: don't be a CBO, enable circs! P.S. don't even think of modelling a recession: everything Refs up then. |
| Is It Still Possible to Get Out of Dodge? Posted: 06 Jan 2013 05:56 PM PST People have been asking me about a get out of Dodge plan. The fact is, the US government is making it increasingly difficult to get out of Dodge, and those that have not already done so may well have left it too late. The government does not want its citizens living overseas, nor do they want its citizens having assets overseas. Currently there are some 6 million Americans living overseas, and they have assets and incomes that are difficult for the US government to control and tax, and the US government does not like that. The US is the only country in the world (except for Eritrea) that has citizenship based taxation. No matter where you live, and no matter where you draw your income, the US taxes it. Every other country has residence based taxation – you are taxed only if you reside in the country or earn income in the country. For instance, if you are a Canadian working in the US, you will have no Canadian tax obligations, unless you have income from Canada. If you are an American working in Canada, you are liable for US tax on your Canadian income. If you are an "accidental American" – and there are potentially millions of these around the world – born to an American citizen overseas, or born to a foreign citizen who was travelling through the US at the time of the birth – you are a US citizen, and may not know it. The US does not care – and will happily seek you out and punish you for failing to file and pay US taxes. No leeway is given. The US has a whole range of laws that penalize US residents that live outside the US. One law is the FBAR law – that law requires that foreign financial assets be reported each year, and requires that all accounts where the citizen is a signatory be reported. Financial assets include bank accounts, mutual funds, CDs, gold, etc. Failure to report these accounts can, and does, result in draconian fines, from $10,000 for non-will failure, to 50% of the balance of all accounts, for failure to report even one account. Per year. Simple errors can, and do, result in the penalties being applied. The signatory provision effects persons who work for an overseas company and can sign business checks. They must report the balances of the account, even though it is not their account. And even though there may be privacy law issues – the US does not recognize the privacy laws of other nations, and can and will prosecute those individuals for failing to breach the laws of the nation in which they live. Note that citizens that live in the US have no such requirements. Another law is FATCA. FATCA has two basic features. First, FATCA requires foreign banks to tell the US what US citizens have accounts with them. Any banks failing to provide such information will have 30% of any transaction with the US withheld as a fine for failing to tell the US what it wants to know. Banks are required to search their records and identify all US account holders, initially beginning with account holders having substantial deposits, but within a few years identifying all US account holders to the IRS. Any US account holder that does not agree to give the foreign bank his/her SS number to the IRS, along with balances and interest earned, will have their accounts closed. Many banks are simply closing the accounts of all US citizens, in order to avoid the reporting regime in its entirety. This is happening today in the UK and Switzerland especially. Americans are finding it difficult to open accounts overseas, as banks are refusing to deal with them. The IRS intends to make it mandatory that all of this reporting is done electronically. The IRS will then be able to instantly match an overseas person's SS number against his/her bank account, his/her assets, etc. Any discrepancies or anomalies will be pursued. Additionally, overseas residents are also subject to a range of other reports not required in the US – they must report any transactions with foreign trusts, they must report full financial reports on corporations where they have significant holdings, etc. Not all overseas Americans will have to do these reports, but failure to provide these reports can result in fines of 35% of the value of the asset/business for each year the report is not lodged. These reports have nothing to do with tax owed, but only have to do with failure to tell the IRS every detail about every financial asset the person owns or has influence over overseas. To restate, an American citizen that lives overseas must report all of his or her assets, financial accounts, gold holdings, records of their business, any transactions with foreign trusts, all income received overseas, etc. Every single thing must be reported each year, or the fines approach 50% of the asset value each year. EACH YEAR. In two years, the fines can reach or exceed the person's entire net assets. I have been told by people who know that it is impossible for a US citizen living overseas to meet these reporting requirements in full, or to even be able to keep abreast and aware of all the reporting requirements, and that overseas residents will breach the law inevitably, and open themselves up to loss of great slabs of their wealth as a result, and potentially to criminal charges. The laws are too complex, and too pervasive to be followed, and are incredibly penal for even the most benign mistake. Which brings me back to the get out of dodge question. An American citizen living overseas will find it very, very difficult to comply with the laws. Even if they are able to comply, the costs will be prohibitive in most cases – they will have two sets of taxes to complete and file each year – one for their country of residence, and one very complex one for the US. They will find it increasingly difficult, if not impossible to get a bank account overseas, which will effectively mean they cannot live overseas. Even if they can get a bank account, they will have to agree to be 100% monitored by the IRS. They will invariably breach a complex US reporting law, and their assets will be under threat. Most countries are falling into line, and will assist the IRS in seizing overseas assets, so hiding out and hoping the US cannot seize is not an option. So what is an option? To me, there is really only one viable option if one wishes to remain inside the bounds of the law – the American must secure overseas citizenship (which in and of itself is not easy to do) – and renounce US citizenship, if he or she really wants to get out of dodge. The process is not easy, and the US is making it more difficult all the time. Many, many Americans are renouncing citizenship, as is their right. However, the US is making it difficult: there are long waiting lists (out over a year in many cases) to meet with a Department of State official to renounce citizenship, and it is the only way it can be done; there are exit tax regimes that affect anyone with capital gains that have not been chrystallized; there are potentially restrictions about re-entering the US after renunciation; etc etc etc. To sum up then, the reality is that the US does not wish its citizens to leave, and is making it extremely difficult for its citizens to leave. It is also doing everything possible to penalize its 6 million citizens that have left, and to drain them of any assets that they have accumulated overseas via a vast myriad of laws that simply cannot be fully complied with, and subsequent draconian taxes for failure to comply, wilfully or otherwise. They are making it extremely difficult for citizens to set up bank accounts overseas, so as to limit or eliminate the ability of its citizens to move assets overseas. Anyone considering "getting out of Dodge" needs to fully educate themselves on the laws and realities of the situation, and make plans well in advance of the time they hope to get out of Dodge. And they also must begin to face the reality that it may no longer be possible to exit the US. The US does not want its citizens to leave, wants those overseas to return (with their assets of course), and is bringing to bear its full political power in order to prevent it. |
| Millionaires Paid To Farm, Or Not Farm, Or Just Own Potential Farmland – Farm Subsidies – Fox Nation Posted: 06 Jan 2013 05:44 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| The Week Ahead: Investors Eye Earnings from Alcoa, Monsanto – YouTube Posted: 06 Jan 2013 05:20 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| ‘Collapse of UK debt-ridden social system only matter of time’ – YouTube Posted: 06 Jan 2013 05:09 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Posted: 06 Jan 2013 05:07 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Posted: 06 Jan 2013 04:26 PM PST Jim, I am sure you've seen it, but the bullion banks closed out 46000 short-of-gold contracts this past week. It's a big number, one of the biggest I've ever seen. Seems like we have the possibility of a turn where at long last they are starting to switch and go long? Oh please Santa Continue reading Jim's Mailbox |
| Gold: It's For More Than Just Wealth Preservation Posted: 06 Jan 2013 03:27 PM PST Presented with little comment, aside to note that 32-year-old Indian Datta Phuge, thought this $25,000 solid gold shirt would be just right to attract female attention: "I know I am not the best looking man in the world but surely no woman could fail to be dazzled by this shirt?" So much for the yellow metal being a barbarous relic.
Source: Daily Mail |
| Gold & Silver vs. Fiat: Do You Live In An Imaginary World Or In Reality? Posted: 06 Jan 2013 02:44 PM PST Register to[B][B] "Follow the munKNEE" [/B]and automatically receive all articles posted[/B] Make no mistake about it, it is the central bankers that are leading governments around by the nose, and by proxy, governments leading people around by the nose, and that "nose" is inhaling "lines" of fiat. Unless cured, all addictions end badly, and the only "cure" central bankers have for ever-increasing fiat is, ever-increasing it more. [You can protect yourself, however, by]*d[B]emanding less of the valueless fiat and keeping, and growing, your wealth by buying and accumulating real value: physical gold and silver.* Anything less, and you are still dealing in the imaginary world that is failing. [This article*explains why that is the case.] [/B]Words: 834 So writes Michael Noonan ([url]http://edgetraderplus.com[/url]) in an edited excerpt from his original article* entitled Gold And Silver – Who [What] Do You Trust?* You Have A Choice. [INDENT]This article is presented by[B] [COLOR=#0000... |
| Posted: 06 Jan 2013 02:44 PM PST Check our website daily at... [[ This is a content summary only. Visit http://www.figanews.com for full Content ]]  |
| Gold Price – Friday January 4th Could Have Marked A Significant Cycle Low Posted: 06 Jan 2013 01:55 PM PST The week closed out with some truly amazing action, and to a large extent expected too. Within the mid-week report I noted the following:
The amazing action was the $80 "tip to tip" decline in gold futures in just 24 hours; exactly the type of response I outlined would be expected if the primary Cycle count was still valid. So what I expected (at least the primary expectation) centered on the idea that the 7 day rally (Dec 20th+) was simply luring speculative traders into weak long positions. The rally just didn't have the type of characteristics (buying strength or volume) that ever made me feel comfortable. Certainly not the comfort level I would normally associate with a new Daily and Investor Cycle. The Cycle count was telling me it was too early (Dec 20th) to mark the DCL and the weakness of the rally convinced me another drop was coming. What was "not" expected (at least so suddenly) was the bullish nature of the buying witnessed on Friday morning and then throughout Friday's trading session. The entire precious metal complex (including the miners and Silver) exhibited high volumes and bullish reversals across the board. This action was significant because it is classic Cycle Low behavior. There is more work ahead for gold and we all know gold has thrown more than one "curve-ball" and "sucker-punch" recently. But I'm quietly optimistic that Friday marked a significant turn for gold and in due time price action will support this "opinion". (The below chart does not show any new "projected" price lines, only the primary line from the mid-week report. The point is that the sharp collapse into a new low was fulfilled. Further downside is possible, we just need to wait and see. If or when we form a new Cycle it will be clear on this chart, we will see a Daily and Weekly Swing Low, followed by a clean trend-line break). If we did print a DCL on Friday, that would mark a 19 day Cycle which was extremely Left Translated. The Cycle fell 6.1% from the top and 3.7% overall. According to my Cycle Analyzer this would place that Cycle well within the bulk of similar (late failing Daily) Cycles. When we glance at the Investor Cycle chart we now see more evidence that an ICL could have formed this past Friday. On the Daily chart we are seeing plenty of bullish technical divergences. The Investor Cycle is now 20 weeks old and has reached the timing band for a Cycle Low. The RSI(5) has reached the level (<30) consistent with past ICL's, while the oscillators have also reached lows and appear to be turning higher. Based on the Daily Cycle action and the reversal on Friday, along with my general feel and read of the tape, I believe we are now in new Daily and Investor Cycles. But gold remains in a 17 month consolidation and arguably still in a downtrend since the Aug 2011 peak. The Investor Cycle indicators and oscillators are slow turners and for ultimate confirmation, one must remain patient. It's only prudent that we exercise some caution here and force gold to prove itself as opposed to front-running what appear to be favorable Cycle developments. In a C-Wave, calling an ICL early can be quickly recovered or corrected by the bull. But as this is technically not a C-Wave, the surprises will likely come to the downside if we're wrong, as witnessed in 2012.
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| The ABCs of Gold Investing, Third Edition. . . Posted: 06 Jan 2013 01:50 PM PST
Publisher reports sales as "brisk". |
| Stocks, Bonds, and Gold Inflection Point Market Trend Forecasts 2013 Posted: 06 Jan 2013 11:35 AM PST Most are sunk in contemplation, and hopelessly clinging on to the ever- changing era of big government spending. Central bankers and big financial institutions are borrowing money from the FED at rates near zero, and then reinvest it into the ten year or thirty year notes, which are paying 2% to 4%. From the standpoint of any financial institution, it is logical and also more profitable than say, lending to a risky borrower. |
| Posted: 06 Jan 2013 09:56 AM PST We found the KWN audio interview with Eric Sprott (Sprott Global) interesting and worthy of sharing.
More... We also found the video below from Charles Biderman (Trim Tabs) worthy of sharing.
https://www.youtube.com/watch?list=UU_FouojmbzN_jwBVkroDQBw&v=AaT8yMS9B7U&feature=player_detailpage Biderman sounds a similar theme in this next video from the day prior.
https://www.youtube.com/watch?v=JRwEKCMMw6s&feature=player_detailpage&list=UU_FouojmbzN_jwBVkroDQBw |
| Posted: 06 Jan 2013 09:35 AM PST
 
Peter Schiff's Euro Pacific Bank Introduces a Silver Backed Debit CardThe Euro Pacific Bank is located in St. Vincent & the Grenadines which has established banking secrecy in statute making it one of the most private and secure places to do business and protect your assets. Mr Schiff opened the bank to better serve his non-US investors as the current U.S. regulatory environment has made it very costly to assist international clients. Unfortunately, this means if you are an American citizen or resident you cannot open an account with the bank. The new silver backed debit card is offered in conjunction with the banks silver backed accounts. With the Allocated Silver Account you can…
Like the banks' gold backed accounts, the custodian for the Allocated Silver Account is the Perth Mint, which operates under a government guarantee. The backing silver is stored in a "Pool Allocated" account with the Perth Mint. Euro Pacific Bank Ltd. has a corporate Pooled Allocated Silver account at the Perth Mint, which is segregated for clients on their end. To use the card you do need to have a USD account with the bank and the conversion from Silver Account to Cash Account to Debit Card is done manually, in advance. Silver is 2-4% to buy and sell and the Silver Account has a .95% annual fee. There are also a few associated card and account fee's. (Update: Selling fee reduced to 0.5%) The Debit Card is valid in over 210 countries worldwide. The Bank's Mr Vincent Le was nice enough to send me this information and answer my questions. Should you be interested in obtaining a silver backed debit card for yourself, you can reach Vincent at this address, Vincent.le@europacbank.com |
| Posted: 06 Jan 2013 09:16 AM PST Just who does the Fed think it is kidding, making noises about choking off QE and Treasury purchases? Any serious attempt to do this at the eleventh hour would crash both the bond and stockmarkets and send interest rates skyrocketing ... Read More...  |
| Posted: 06 Jan 2013 09:15 AM PST After the Fed induced scare on Thursday, silver at first dropped again steeply on Friday before staging a dramatic turnaround to close little changed on the day, leaving behind a large bull hammer on its chart that is a sign of a ... Read More...  |
| Gold Panicky Response to Fed Sets Up Bullish Potential Posted: 06 Jan 2013 09:06 AM PST Just who does the Fed think it is kidding, making noises about choking off QE and Treasury purchases? Any serious attempt to do this at the eleventh hour would crash both the bond and stockmarkets and send interest rates skyrocketing, and they know it - it would be like the Captain of the Titanic grabbing a bullhorn and announcing "You see that Iceberg over there? - we're going to head straight at it" - actually he might as well have, for all the difference it made. So it almost looks like they were engaging in a bit of "tree shaking" for their crony pals, especially with respect to the resource sector. In any case, when it comes to QE they have got some serious competition this year with Japan entering the fray as the new big QE kid on the block, so it hardly looks like they are going to bow out of the QE game at this stage. There is something tragi-comic about the way most investors hang on to the Fed's every word, as if they were gods instead of what they really are which is an elite racket who have painted themselves into a corner after years of malfeasance. |
| Silver Steep Price Drop Creates Bull Hammer Pattern Posted: 06 Jan 2013 08:51 AM PST After the Fed induced scare on Thursday, silver at first dropped again steeply on Friday before staging a dramatic turnaround to close little changed on the day, leaving behind a large bull hammer on its chart that is a sign of a probable final low for the correction. We can see this action in detail on silver's 6-month chart, and how Friday's positive close meant that the support of the lower trendline held. It looks like the classic 3-wave A-B-C correction in force from early October has now run its course, and it is interesting to observe that the A and C waves were of almost equal magnitude, which is often the case with these 3-wave corrections. |
| 2013 - The Year of the Gold Bull? Posted: 06 Jan 2013 08:08 AM PST 2012 wasn't a fun year for most Gold bulls. Seeing the S&P 500 outperform Gold and seeing Gold stocks get decimated through the 1st half of the year was enough to create suicidal sentiment that is now only marginally improved after another prolonged correction in the precious metals (PM) sector to end the year. But as the many calls for an end of the PM bull market by several of the same people who have been wrong / missed out the whole way up get louder, the risk in the PM sector gets lower and lower. |
| 2013 - The Year of the Gold Bull? Posted: 06 Jan 2013 08:04 AM PST 2012 wasn't a fun year for most Gold bulls. Seeing the S&P 500 outperform Gold and seeing Gold stocks get decimated through the 1st half of the year was enough to create suicidal sentiment that is now only marginally improved after another prolonged correction in the precious metals (PM) sector to end the year. But as the many calls for an end of the PM bull market by several of the same people who have been wrong / missed out the whole way up get louder, the risk in the PM sector gets lower and lower. |
| Gold And Silver – Who (What) Do You Trust? You Have A Choice. Posted: 06 Jan 2013 05:57 AM PST If you collect the money, you disperse the people; If you disperse the money, you collect the people. -Chinese Proverb Nobody understood that better than the moneychangers, today known as central banks. It is the Rothschild creed that has worked for centuries. Remember the "other" Golden Rule: "He that owns the Gold, Rules." It is indisputable that for centuries, gold has always been considered a store of value. It preserves one's wealth against fiat currencies, and during times of fiat upheavals, it also creates wealth. With wealth, one has independence. With independence, one need not rely upon government. While governments can control people, the Rothschild clan chose to control governments, with control over people a handy by-product…a Cliff Notes version of the New World Order. When you take away the gold from anyone, you take away their independence. "I hereby declare, by Executive Order, that every US citizen turn in his gold or suffer fines up to $10,000, or be sentenced to 10 years in prison" Socialist-extraodinaire, Franklin Delano Roosevelt. What did all these people get in return for their gold? Paper currency, then and still issued by a private corporation called the Federal Reserve. That Congress had abdicated its Constitutional obligation to "coin money," [Article I, section 8], was no longer important, for the organic Constitution had been replaced by a corporate federal version, deceitfully designed to look like the original, but that is another story, and the moneychangers control the corporate form of government. [Let us leave it at the fact that this country was formed as a Republic, NOT a democracy. In a Republic, the Right of an individual is protected against the will of a majority. In a democracy, an individual, even small groups, have NO protection against the UNLIMITED power of the majority, now usually ruled by one, as in Executive Order. Google the difference between a Republic and a democracy and maybe learn something. The Founding Fathers EXPRESSLY CHOSE a Republican form of government over a democracy, for a reason.] What happened to the price of gold AFTER people turned it in? [People received $20.67 the ounce for their gold, by the way.] Roosevelt increased the official price to $35/oz! Did the value of the paper currency people were holding also increase by 70%? [Only one guess.] "All the perplexities, confusions and distresses in America arise not from defects in the Constitution or confederation, not from want of honor or virtue, as much as from downright IGNORANCE OF THE NATURE of coin, credit, and circulation." -John Adams Now, [with no gold, ergo no wealth] almost half the American population receives food stamps from the government, and the elderly are dependent upon Social Security, Medicare, etc, all largesse from the corporate federal government teat. Most all Americans are also drowning in debt, foisted upon them, as planned by the moneychangers, keeping them all credit-addicted and unable to accumulate any real wealth, aka independence. As Chuck Colson, Special Counsel henchman to "Tricky Dick" Nixon, heartlessly reiterated: "When you got them by the [financial]balls, their hearts and minds will follow." This brings us back to the second line of the Chinese proverb: "If you disperse the money, you collect the people." The corporate federal government is in the business of collecting people. Serfdom is alive and well in the USA. Yes, there is a point to this. What are the controlling influences for ANY market? Supply and demand. Who determines and controls the supply of fiat? The central banks. Who determines the demand side? You! A collective "You," to be sure, but the collective is composed of individuals, and you have a choice. What happens when demand wanes vs an ever-increasing supply? The "value" of the supply collapses. Of course, keep in mind fiat has NO VALUE! It is purely imaginary. Take a minute to absorb that thought. IT IS PURELY IMAGINARY. If you imagine something has value, it does, by virtue of your belief. A belief is NOT reality. It is merely a thought maintained ABOUT reality, but not necessarily the reality itself. Change the belief and you change the reality. Stop believing fiat has any value, and your reality about fiat changes, as well. "The Emperor is wearing no clothes!" Gold and silver are NOT going up in value. An ounce or gold or an ounce of silver is still the same ounce. It is the imaginary "value" of the fiat you hold that is being debased and is relentlessly dropping. It is a subtle, but necessary change in "belief" one must always recognize, [and there are many who do, just not enough]. Instead of 250 or 900 units of fiat, it now takes 1650 units of fiat to purchase the SAME ounce of gold, and 30 units of fiat, instead of 5 or 20 units to purchase the same ounce of silver. Make no mistake about it, it is the central bankers that are leading governments around by the nose, and by proxy, governments leading people around by the nose, and that "nose" is inhaling "lines" of fiat. Unless cured, all addictions end badly, and the only "cure" central bankers have for ever-increasing fiat is, ever-increasing it more. Despite the above circumstances, very few Americans actually own physical gold and silver. The numbers are greater through participation of paper holdings of gold and silver. A mantra everyone needs to learn, if you have not yet is, "If you do not hold it, you do not own it." Just ask Germany if it still "owns" all its gold held outside of its country, like in London and New York. Usually, there is some degree of loyalty among thieves…apparently not, when it comes to gold. Rich irony. Think MF Global… Peregrine… Where do you want your gold and silver to be when the elephants start stampeding? There is already a rumbling in the distance. You have a choice. Back to our last point. Not enough Americans own and hold the actual physical. The numbers are growing…a record 50,000 oz of gold Eagles were sold in January, but what are ounces when compared to tons? Remember the supply/demand factor. Do you want to make your "vote" count? Demand less of the valueless fiat, and keep, and grow your wealth by buying and accumulating real value: physical gold and silver. Anything less, and you are still dealing in the imaginary world that is failing. Let the fiat fall where it may, and it will fall, with or without you. Better that it falls without you. There will come a time, and we keep getting closer to that still unknown time when gold and silver will rise as many imagine possible, and most will not believe. You have a choice. [At least for now] For the first time, we are not going to include any charts for gold or silver. In the larger scheme of things, they do not seem as important. [There is no reason to be long futures, yet] We have said repeatedly, buy the physical NOW, while the buying is good. Back in 1933, by government decree, [central banker dictated], people turned in their gold at $20.67…a Gordon Brown moment. Today, gold is $1,650. Get thee to a dealer'ry; why wouldst thou be a breeder of fiat! Who [what] do you trust?
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| Posted: 06 Jan 2013 12:15 AM PST This is an unbelievable dog named Faith that can walk on two legs! American - English Idiom: "Have a dog in the fight" Idiom Meaning - To have a stake in the outcome of the problem at hand or to opt out of being expected to assist. Someone wanted to know my take on the outcome of Goldhog Day, so here it is. First of all, I view today's (quote-unquote) "gold" market as a two-legged dog. It has |
| Sprott - Demand For Gold Is Now Overwhelming Central Banks Posted: 05 Jan 2013 10:01 PM PST  Today billionaire Eric Sprott told King World News that the demand for physical gold is now overwhelming Western central banks. Sprott also said orchestrated price smashes in the paper gold market have been used in a desperate attempt to frighten investors and keep a further groundswell of demand from coming into gold. This is the third and final in a series of interviews with Sprott that has now been released which reveals the increasingly desperate situation Western central planners face as we head into 2013. This posting includes an audio/video/photo media file: Download Now |
It is an utter absurdity that "sustainable development" is a proverbial four-letter word throughout our society. No, I'm not referring to the fact that "sustainable development" is actually a two-word, twenty-two letter phrase. I'm referring to the utter, logical absurdity of this attitude.
The New Year should see some major changes in how gold and silver are regarded in the West, if it becomes obvious that confidence in government-issued money as a medium of exchange might be misplaced. This concern is for the moment essentially limited to economists of the Austrian School.
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