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• Trillion dollar platinum coin idea killed - thankfully
• Randgold’s Mali mines operating as normal
• 2 Tahoe workers killed in ambush at Guatemala mine
• Kyrgyzstan's 2012 GDP declines on lower Gold production
• What Do Silver:Gold & Platinum:Gold Ratios Tell Us?
• Triple Whammy In Investing In Japanese Equities
• Gold, Miners and SP500 Trends & Trading Signals
• The Federal Reserve Kills the Trilion Dollar Coin and Reminds Barack Obama Who's the Boss
• Family Dollar Stores: Fundamental Stock Research Analysis
• Gold & Silver Miners Set To Begin Bullish Trend
• What's going on with Gold & Silver Prices?
• 2013 – Declining Wealth & Trust, Increasing Deficits
• Wealthy Indian spends 14,000 pounds on a shirt made of Gold
• Andy Hoffman Takes On Trader David R and Jim Sinclair
• Gold, Miners & SP500 Trends & Trading Signals
• Global Gold Newsflash: Illinois To Start Tracking Gold Transactions
• John Rubino: We Created The Conditions For Catastrophic Failure
• Silver To Rise Over 500% In Next 3 Years – BBC
• Silver Pops Through $31 on COMEX Open, is Promptly Slammed Back Under $31
• Peter Schiff: Inflation Propaganda Exposed
• Does Bank Of England Hold €235 Million Of Irish Gold Reserves?
• Confiscation? Diversify.
• The true significance of the $1 trillion coin
• Gold prices to rise 5.1% this year: LBMA
• Futures May Be 'Springboard for Sharp Rise in Price'
• Does England Hold €235 Million of Irish Gold Reserves?
• People fights for Gold in Iran
• Sharps Pixley Precious Metals Forecast 2013
• Sterling crisis talk increasing
• India may announce Gold import duty hike in next budget
• CFTC to Hold Closed Meeting to Consider Litigation Matters
• 'No way' for Umrah pilgrims to reach Gold shops in Makkah
• Inflationary Rally May Spark Gold & Junior Miners
• US Mint Sells 4.8 Million Silver Eagles in 1 Week!
• China may join Gold reserve asset game : OMFIF
• Gold edges up as euro gains
• Update on Gold & the HUI Gold Bugs Index

Trillion dollar platinum coin idea killed - thankfully Posted: 14 Jan 2013 05:07 PM PST The trillion dollar platinum coin idea fiasco has been rejected, thankfully, by the U.S. Administration. If it had gone ahead it would have brought the U.S. financial system into total disrepute.

Randgold’s Mali mines operating as normal Posted: 14 Jan 2013 04:02 PM PST The gold miner says its mines in Mali were operating normally despite the state of emergency declared on Friday as government forces battled to hold back al Qaeda-linked Islamist fighters.

2 Tahoe workers killed in ambush at Guatemala mine Posted: 14 Jan 2013 03:30 PM PST Two security guards were killed in an ambush at the Escobal silver mine in Guatemala on Saturday, says Tahoe Resources.

Kyrgyzstan's 2012 GDP declines on lower Gold production Posted: 14 Jan 2013 12:00 PM PST Without taking Kumtor's output into account, Kyrgyzstan's GDP would have actually expanded by 5% last year against a 6.3% rise in the same comparison in 2011, official statistics showed. Kyrgyzstan's inflation accelerated to 7.5% in 2012 from 5.7% in 2011.

What Do Silver:Gold & Platinum:Gold Ratios Tell Us? Posted: 14 Jan 2013 10:57 AM PST The bottom has likely been reached for gold and the situation remains bullish for the weeks ahead. The bullish situation in the gold market combined with the situation in the silver to gold ratio chart indicates a bullish outlook for the white metal.

Triple Whammy In Investing In Japanese Equities Posted: 14 Jan 2013 10:50 AM PST ByCagdas Ozgenc: Now that prime minister Abe practically declared his own currency war by setting a 2% inflation target and on top of that promises to spend 10.3 trillion of Yens on infrastructural and defense projects, I see huge potential in Japanese equities. Since most of the financial articles are focusing on US markets, common commodities like oil, gold, silver, etc. and popular FX pairs, I think this opportunity is not finding itself a prime time spot. We have seen the effect of money pumping in equity prices repeatedly during the last two decades. Examples include Japan's previous attempts of stimulus in the past, and US QEs after the 2008 crises. All printed money practically flowed into some sort of secondary market investment, notably equities, bonds, commodities. We should expect a similar event in Japanese equities. Since November, Japanese equities appreciated 20% while the Yen lost 10% value against USD. Complete Story »

Gold, Miners and SP500 Trends & Trading Signals Posted: 14 Jan 2013 10:45 AM PST Gold and gold miner stocks have underperformed in 2012 disappointing most traders. That being said it has traded in a large sideways range since September 2011 and remains stuck in this range as of this week. Investments trading sideways are not my preferred investment of choice because some commodities and stocks for that matter can trade sideways for years before making another bull market rally. That being said in the last six months gold has started to show life that a new bull market may be starting. 2013 is starting to look as though gold, silver and precious metals miners could lead the market higher if they can break out of their basing patterns. Until we get more bullish price action I am not planning to get long. Take a look at the gold ETF and Gold Miner charts: These daily charts show the trend (up/down) along with short term extreme overbought/oversold trading days. The key to long term success is to trade with the trend 90% of the time. Only years of experience will you know when it's ok to break the rules and even then the odds are stacked against you. Gold Weekly Chart: Gold Daily Chart: Gold Miners Daily Chart: SP500 Stock Market Analysis: The last five years I have been fine tuning my SP500 index trading with the use of cycles, sentiment, volume, momentum and the volatility index. Until just recently some of the data I use for generating these extreme overbought/oversold conditions were only available after the market closed. This made the high volatile trading sessions difficult to truly know if an extreme level was reached during the trading session. The exciting news is that a new data feed and a top notch programmer is allowing me to turning this once manual calculation of 17 data points taking me an average of 25 minutes to figure out into a system that generates signals in real time complete with profit taking signals, tend direction and a protective stop which self-adjusts depending on the market volatility and cycle stages. Two other benefits are that during extremely high volatility levels and mixed cycles the system does not generate any signals. This allows us to avoid the large daily swings in price that typically shake even the most seasoned traders out of the market for repeated losing trades. Also during potential trend changes when cycles and volatility become choppy trading signals are not generated helping to avoid the volatility that takes place during reversals points when the bulls and bears are pushing each other around. Below is a very basic version of the trend and signals for the SP500 index as it does not show profit taking, trend reversal stops or protective stops for individual swing trades yet, but it's coming soon. Crude Oil Weekly Chart: Crude oil has been making a move higher in the past four weeks but it's now testing resistance and the chart shows a high volume doji candle. This is pointing to a pause or pullback in price should take place. Natural Gas Weekly Chart: Natural gas futures have been under pressure the past couple months but it may have put in a bottom last week. The daily and 60 minute charts show strong buyers stepping in here. Weekend Trading Conclusion: In short, gold and silver remain in a sideways/down trend on the daily chart. The weekly long term outlook is very bullish and once I start to see real buyers enter the market in terms of volume and price patterns I will start to accumulate a long position. The stock market overall remains in an uptrend. We are waiting for a pause ro pullback before getting long the index. But that being said there are other sectors and commodities starting to look ripe for big moves. They are not there yet but getting closer each day. Keep in mind that stocks, commodities and trading in general go in waves. There are times when you are busy with trades popping up left right and center and there are times when setups just do not happen. On my free stock charts watch list in November and December I posted 16 stocks and ETF setups and only one stock went south which happened to be a short trade (count trend trade). You can view my watch list here for more info: https://stockcharts.com/public/1992897 Crude oil is giving mixed signals and I am avoiding it until the daily chart gives us a bullish setup. Natural gas weekly chart looks bullish but the current price is now trading at resistance. It must break this level before a full reversal can be confirmed. If you would like to keep up to date on market trends and trade ideas be sure to join my newsletter at www.TheGoldAndOilGuy.com Chris Vermeulen Gold Report Sign Up Below

The Federal Reserve Kills the Trilion Dollar Coin and Reminds Barack Obama Who's the Boss Posted: 14 Jan 2013 10:38 AM PST Michael, The Economic Collapse Blog Barack Obama has greatly expanded the powers of the presidency during his time in the White House, but there is one institution that he simply will not mess with. There is one organization that is considered to be so sacred in Washington D.C. that Obama will not dare utter a [...]

Family Dollar Stores: Fundamental Stock Research Analysis Posted: 14 Jan 2013 10:17 AM PST By F.A.S.T. Graphs: Before analyzing a company for investment, it's important to have a perspective on how well the business has performed. Because at the end of the day, if you are an investor, you are buying the business. The FAST Graphs™ presented with this article will focus first on the business behind the stock. The orange line on the graph plots earnings per share since 1999. A quick glance vividly reveals the historical operating record of the company. Family Dollar Stores (FDO) is one of the fastest growing discount store chains in the United States. The merchandising strategy that drives this growth provides customers with good values on basic merchandise for the family and home in a small-box, neighborhood format. This article will reveal the business prospects of Family Dollar Stores through the lens of FAST Graphs - fundamentals analyzer software tool. Therefore, it is offered as the first step before a Complete Story »

Gold & Silver Miners Set To Begin Bullish Trend Posted: 14 Jan 2013 10:10 AM PST The following is an exclusive excerpt from the Astrology Traders newsletter dated January 13, 2013. Jeff Pierce technical analyst, and Karen Starich financial astrologer, combine both techniques to carve out the market trend and timing for investments. With unprecedented results for the precious metals sector, Astrology Traders offers clear and accurate analysis that cuts through the media narrative. In the October 28th update I advised that Gold and silver could see a rally November 6th-23rd 2012 and then experience weakness into December 23, 2012. In the December 22nd update I advised caution for a potentially more severe pullback, particularly for gold, beginning January 2nd. These events have played out and I have also stressed that there could be pressure on gold into the end of March. This week I want to add some additional thoughts regarding the recent price moves for the metals. The move on January 2nd and 3rd may have been intended to drop the gold price below $1600–that did not happen. In my view going forward this is positive for gold, however, Saturn is moving slow and will retrograde in February which could continue to hinder the metal. Gold may have a more bullish move setting up toward the end of March. Pluto at 10 degrees Capricorn is positive for mining, so even if gold may seem stuck the miners may start to look bullish. I want to highlight January 19th and March 20th as critical dates for gold. Silver may have a different story. Beginning January 15th and particularly strong on January 28th we could see silver make strong advances. There may be industrial purchases for silver in addition to public buying that drives prices beginning next week. Silver looks powerfully bullish in the astrology after March 25th and all the way into the end of 2013. I did mention several dates in earlier public article on Gold Silver Worlds as well: Financial astrology – Metals Under Accumulation. Silver Wheaton Corporation (SLW) The recent pullback in gold and silver January 2nd and 3rd was more harsh for gold and may have been intended to break the price below $1600. Silver held near $30 and has continued to consolidate near $30. Recent demand for silver is increasing. On January 7th the U.S. mint sold an all time record of just over 3.9 million 1 oz silver coins in one day! The demand for silver coins may continue and possibly grow. The miners may start to recover some momentum and I like Silver Wheaton at current levels. Jeff wants to see SLW break out of the smaller wedge and tells me there is a risk now that could pull the stock lower into the bigger wedge. With the consideration of the astrology mentioned above I believe we could see the break above the smaller wedge in the short term. consider scaling into SLW at current levels and if the stock pulls back. This is an excerpt from the Astrology Traders subscription newsletter dated January 13, 2012. Jeff Pierce technical analyst, and Karen Starich financial astrologer, combine both techniques to carve out the market trend and timing for investments. Together they provide a clean and easy to follow investing strategy for traders who want the timing and the edge in the markets. With unprecedented results for the precious metals sector, Astrology Traders offers clear and accurate analysis that cuts through the media narrative.

What's going on with Gold & Silver Prices? Posted: 14 Jan 2013 09:45 AM PST Tweet Andrew Schectman, president of Miles Franklin interviewed with Future Money Trends to discuss Gold and Silver:   What's going on with Gold & Silver Prices?Similar Posts: None Found

2013 – Declining Wealth & Trust, Increasing Deficits Posted: 14 Jan 2013 09:43 AM PST Author GE Christenson describes in this article his outlook for 2013, by simply looking at today's reality. Obviously, no crystal ball is needed to come to the same conclusions, only some courage to look at the truth which is visible through the daily main stream "noise." The outlook of the author is very similar to the expectations of Gold Silver Worlds. Expect the same as in 2012 (for those who are willing to look at reality) … The media will continue to assure us that gold is in a bubble – a decade of nonsense – wrong then and wrong now. The media will assure us that silver prices are volatile. That and $2.11 will buy a grande coffee. Inflation and unemployment will continue to be under-reported, even in non-election years. Congressional accomplishments will continue to be over-reported. SNAFU: System Non-functional, All Funding Unlimited. TBTF banks will remain Too Big To Fail. European financial troubles will continue. Ditto for Japan, the UK, and the US. The Federal Reserve will bail out banks and fund much of the government deficit. They will claim this benefits both employment and the economy. That benefit plus $2.11 will buy a grande coffee. … but expect less of the same in 2013 Less Congressional credibility – low and going lower. Less belief in a better future. It is difficult to believe in a brighter future when the food stamps and welfare payments just don't buy what they used to. Less employment. People continue to drop out of the employment statistics because they have given up hope of finding work. This is called "structural unemployment." Less purchasing power for the dollar. The more the central banks print, the higher the cost of food, fuel, beer, and wine. Lower standard of living. With much higher costs, the standard of living for most Americans will continue to decline. … and more of the same in 2013 More money printing by central banks. A trillion here and a trillion there, printed money everywhere. More deficit spending. $3 Billion per day, but who cares? More useless commentary about controlling spending, but the result will be increased spending and more useless commentary. More and higher taxes. More consumer price inflation. More QE. Printing money props up the stock market, but for how long? More debt. More student loans, more credit card debt, more mortgages, more sovereign debt, and eventually some nasty defaults. Non-Prediction for 2013 and 2014 A train wreck is in process … but we have been warned. Protect your finances, investments, and retirement. The official numbers may not represent reality. Read more about this author in his newest eBook "Survival Investing With Gold & Silver." It's available on this website, from Smashwords, and from Amazon Kindle eBooks.

Wealthy Indian spends 14,000 pounds on a shirt made of Gold Posted: 14 Jan 2013 09:30 AM PST Money-lender Datta Phuge 32, from Pimpri-Chinchwad, commissioned the shirt which took a team of 15 goldsmiths two weeks to make working 16 hours a day creating and weaving the gold threads.

Andy Hoffman Takes On Trader David R and Jim Sinclair Posted: 14 Jan 2013 09:00 AM PST Tweet READ THE FULL NEWSLETTER I am flying back to Miami on Monday along with Susan and Shuggi.  I don't expect to have time to put out a newsletter on Tuesday, but will be back at it on Wednesday. That's the Shug on Susan's lap.  She's a great traveler. Now, onto Friday's gold and silver markets…  Note the waterfall drop in gold, the tell-tale "signature" of a mega-hedge fund, a not for profit motivated seller, at work at 11:45 New York time.  No one sells like this unless they are trying to influence the market (to the downside). I sent Sinclair's comments to trader David R.  He replied: I laughed out loud, because this exactly what I told your son last week…. I doubled checked to make sure it wasn't Andy who sent this out, but Jim…. Have a nice weekend! Let's go Denver and 49ers!! David Whereas many of the people I follow (including Ranting Andy) insist that it's the big bullion banks (JPMorgan, HSBC, etc.) that are manipulating gold, David R says, no, no, it's the large hedge funds.  Looks like Sinclair is in his camp as well.  It doesn't make any difference; the fact is that manipulation IS taking place.  The result is the same whether caused by banks or funds.  I don't get hung up over the details; it's the results that matter. I discussed this with Andy Hoffman and he has a different take on Sinclair and David R's comments.  He sent me a long email on the topic and here is what he had to say. David, I have NEVER said hedge funds are not involved in PM markets.  Only that they have NOTHING to do with rigging it – just riding the riggers' coattails.  It is the U.S. government that creates the WATERFALL DECLINES; particularly in off hours – like the open of the Globex market at 6 PM EST – or in "SUNDAY NIGHT SENTIMENT" attacks.  END OF STORY! It is hedge funds – led by guys like Andrew McGuire (before he found religion) and David R. that act as what Butler calls "raptors." Hedge funds – unlike the government – have ZERO motivation to see lower prices.  In fact – per what I've written countless times about hedge funds (such as in THURSDAY'S RANT, "HEDGE BOMBS"); per my personal experience having worked for one – and catered to hundreds as a sell-side analyst before that; more than 90% of hedge funds are LONG-ONLY.  In other words, hedge funds are biased to be LONG assets, NOT short; and VERY few would even be eligible to heavily short COMEX futures (or very expensive GLD shares) on margin to start with; let alone, enough to actually MOVE the market.  Thus, there is NO WAY hedge funds are a major factor in constant gold WATERFALL DECLINES.  And if there are in fact a few of the "mega-hedge funds" involved, they are doing so in the same manner as JPM – as AGENTS of the government and/or paid co-conspirators.  Just look at John Paulsen, the so-called "brilliant" mega-hedge fund manager, who was caught creating crap MBS portfolios WITH Goldman Sachs so they could sell them to clients while he simultaneously shorted them. When I post these "CARTEL HERALD" charts, I do it on INSTINCT!  How many dozens of times have I shown a chart such as below (YESTERDAY), in real time… …only to see THIS happen shortly afterwards; and again, this is YESTERDAY!  Do you really think DR, who has worked in the PM markets for years, with OTHER PEOPLE'S MONEY – and who clearly has sociopathic tendencies if he won't acknowledge government manipulation – doesn't see this as well?  David, I've been posting these charts for years on GATA – as has Bill Murphy and ANYONE with half a brain that watches PM markets. Heck, here's what I posted in my blog on MONDAY… …only to see THIS happen right afterwards (I'd have spotted it earlier, only I wasn't watching the screen as I was WORKING – something DR isn't required to do)… Next, let's go back to the LAST WATERFALL DECLINE – on 12/28.  Here's the "CARTEL HERALD" I posted in my blog – again, in REAL TIME… …and here's what happened 20 minutes later – at the KEY ATTACK TIME of 10:00 AM EST.  I get it right EVERY TIME – well in advance to make money if I were a trader like DR – b/c the Cartel SIGNALS it EVERY TIME; which is EXACTLY what Andrew McGuire told the CFTC.  And BTW, I was writing of the EXACT same things McGuire disclosed for years before he spoke out; including the "false flag" gold mini-surges that typically occurred right after NFP reports, presaging massive WATERFALL DECLINES minutes later… And then you have DR's arrogance; "laughing out loud" b/c Sinclair said hedge funds manipulate markets.  What does Sinclair's comments PROVE?  NOTHING!  And do they PROVE the government is not also (and predominantly) involved?  OF COURSE NOT!  And are we supposed to believe Sinclair – who in the SAME missive ADMITS he personally manipulated markets?  NO WAY! And by the way, Sinclair has also said – on COUNTLESS occasions – that the government is indeed manipulating gold.  Here's what he told KWN last April, after what I deemed the "FOMC MINUTES DECIMATION."  So tell DR not to get too excited about one quote… On the heels of the release of the Fed minutes, today legendary trader and investor Jim Sinclair told King World News the release of the Fed minutes and subsequent market reaction in gold was orchestrated.  Sinclair also said this is government manipulation against the tide of the bull market and it will be overrun. And here's what Sinclair said on 12/21 – just three weeks ago – after another orchestrated WATERFALL DECLINE.  As you can see, he EXPLICITLY states it is the FED (i.e., the GOVERNMENT) – using the "gold banks" as AGENTS – that is the seller! Charts and TA in such a manipulated, manufactured market, as understood by you, are totally useless. This is a move of desperation by the Fed via the gold banks based on the false premise that attacking symptoms without meaningful economic intervention is going to cure the problem. Ranting Andy is never one to mince words. You see, that's one of Miles Franklin's strengths – we all have our own views and are free to express them.  The company "line" is to tell it like we see it.  Within the bounds of good taste, Andy and Bill can write anything that they please.  And so can I. Similar Posts: The Cartel And Hedgies Are Short Paper, But Long Physical Gold Let's Discuss Technical Analysis Occam's Razor Tells Us Who Is Manipulating Gold Now

Gold, Miners & SP500 Trends & Trading Signals Posted: 14 Jan 2013 08:22 AM PST Gold and gold miner stocks underperformed in 2012, disappointing most traders. That being said they have traded in a large sideways range since September 2011 and remains stuck in this range as of this week.

Global Gold Newsflash: Illinois To Start Tracking Gold Transactions Posted: 14 Jan 2013 08:10 AM PST Gold Silver Worlds This article was submitted by Claudio Grass, managing director at Global Gold in Switzerland, as a newsflash that the company officially published. Last year the Illinois senate passed a bill called SB3341 or "Precious Metal Purchasing Act." The bill is still pending approval of the house. However, it is likely just a matter of time until the act is approved. In essence, the bill obliges persons in the business of purchasing precious metals to obtain proof of ownership, create a record of sale and verify the identity of the seller. It is also prohibited to pay for the precious metals in cash. All payments have to be carried out electronically. The precious metals dealer also has to keep records for  sale for at least one year or even up to 5 years if the transaction value is over 500$. Furthermore, all collected information has to be reported to the local law enforcement agency. At Global Gold, we have been warning for a while now about possible financial repression and confiscation measures by western governments. This bill basically creates a paper trail for gold; it does not go beyond that. However the information gathered under the bill might be extremely helpful to governments at some future point in time, when they decide to outright confiscate gold or create some form of "special tax" on gold holdings. We are convinced that it is of upmost importance to hold precious metals in jurisdictions which have never confiscated gold in the past and believe in the importance of property right. In an earlier article, we wrote the following: "Desperate times call for drastic measures." That will be the argument of governments worldwide when hyperinflation hits. Private property rights will be suspended and the phase of outright confiscation will start. Governments in desperate need of financing will start to nationalize corporations, homes, farm land … and they will probably confiscate precious metals as well. In the same article we shared several tips on how to protect your assets in case of a random confiscation: Storage outside of the banking system Diversification across safe jurisdictions Avoid countries which have confiscated gold in the past Read more in "Government and gold confiscation: tips to protect your assets" Gold Report Sign Up Below

John Rubino: We Created The Conditions For Catastrophic Failure Posted: 14 Jan 2013 08:09 AM PST In a recent interview with Gold Silver Worlds, John Rubino (co-author of "The Collapse of the dollar" and owner ofDollarCollapse.com) explained how bad the economic fundamentals really are. The economic situation looks under control currently, but John Rubino is convinced we are now in the eye of the storm. He concludes that the longer this unbalanced situation goes on the faster the eventual collapse will play out. John Rubino published his book in 2004 together with James Turk from GoldMoney. The main theme of the book was that governments in the US lost control over their spending and borrowing, which would ultimately result in some sort of catastrophic crisis. Debt accumulation would continue until some kind of crisis, internally or globally, would force to stop this trend. Most of the predictions have come true, but John Rubino stresses that the 2008 crisis was not the final collapse. He is convinced that the big collapse is still ahead of us. The same trend was forecasted in the rest of the world and up until now it playing out as expected. Worldwide debt stands at $220 trillion, a figure that should be compared with the global GDP of $62 trillion. That's a debt to GDP ratio of 350%. The authors also predicted that money would flow out of paper assets into gold and silver as debt creation gained momentum and went public. It is important to note that gold and silver are the only forms of money that governments cannot debase by creating additional units of it. An interesting topic is treasury bonds. They are a function of a general flight to safety. The world is still looking at US dollar denominated assets as safe havens even when the US government is taking on an increasing amount of debt. However, it is mandatory to understand that the purchasers in the treasury market are mostly central banks themselves. Their intention is to prop up fiat currencies by buying sovereign debt. What this really means is that governments are taking on too much debt and turning it into currency to cover their debt. Most people don't see this process; it also remains underexposed in mainstream media. This process, historically, is the final stage of a country destroying its currency. Unfortunately, it is taking place on a global scale, so it will undoubtedly result in an implosion of the whole fiat currency concept. Where do we stand today? John Rubino points to a number of important statistics since 2009 (US only) to validate his thesis and forecast of a final collapse: The number of people with jobs (people actually working) is up with only 2% while the number of people on disability is up with 15%. People living on food stamps are up 44%, standing at 46 million currently. One in four households lives on less than $25,000 a year. 2012 was the 4th consecutive year in which the US ran trillion dollar deficits. Total debt has gone from 1.5 times GDP in 1980 to 3.5 times GDP today. This means that the US has $175,000 of debts per citizen or $700,000 per family, calculated with the officially reported debt. When unfunded liabilities are including in the calculation (Medicare, Medicaid, social security …, which all are equally debt), the debt per family stands at $2 million. These trends are playing out as forecasted. However, in terms of timing things are unfolded at a much slower pace than expected. The path to the final collapse has been slowed down by two factors: Human nature. It takes a long time for people to change their minds on something. Our global society still believes that paper currencies still hold their value over time as they keep on accumulating and saving fiat based money. The printing press. This is a phenomenal tool for fooling people. Governments are able to create as much currency as they want. There are limitations, however. "Yes they can" set interest rates at levels that signal to the market that economic conditions are fine. Even when underlying conditions are deteriorating, as they are today as shown in the above figures, lending at a very low interest rate gives the impression of a good creditworthiness. We are in a government debt / bond bubble. Markets and people tend to go with the flow during a bubble. However, history has shown that, as awareness changes, people move to the other side extremely fast. We saw this in the last two bubbles. One year before the tech stock bubble imploded, everyone expected the future to be better than the past, but in an eye blink the world was staring at a global depression. The same happened with the housing boom in 2008: everyone was convinced that housing prices could only go up in 2007, while one year later the whole global financial system was ready to collapse. Today everyone believes that government bonds can only go up and  interest rates will remain low. It is unknown when exactly the coming shift will take place, but it will for sure happen as underlying conditions are deteriorating (proven by the above figures). An external shock or the weight of debt will crash our unsound system; the world will wake up from a dream … again! The Safest Way To Leverage The Coming Gold Mania How the next collapse will play out The structure of our financial system is a fascinating topic to explore. It gives us insights to describe the anatomy of the coming collapse. The best analytical framework explaining today's system is described in "Currency wars" (by Jim Rickards, published in 2011). The author explains how complexity in our system has risen to the point where it shows unique characteristics, the most important one being that the propensity for catastrophic failure is an exponential function of complexity. In simple terms, it means that, when the system doubles in size, the instability goes up tenfold. It means as well that it requires an exponential amount of energy to keep the system growing. The framework is revolutionary in that it perfectly describes today's reality. Today, governments need  more and more debt to generate the same amount of GDP. We need to borrow more to only stay in place BUT at the cost of a huge (almost instantaneous) collapse of the system. The longer this process goes on, the faster the collapse will play out when it hist. Suppose the final collapse strikes in 2016. By then, the system will have grown so complex, and the amounts of debt will be so huge that there will be no way to control it; the crash will take a life on its own. The exponential growth of derivatives play a crucial role in our financial system. In fact, they ARE the complexity story. What most people do not realize is that banks report their net derivatives position (their long versus short positions). That position is shown as their risk. However, the gross position is the relevant number. To put things into perspective, the earlier mentioned $62 trillion global GDP should be compared with the gross derivatives figure which stands close to a quadrillion dollar of notional value. John Rubino believes that a derivatives meltdown will play out almost instantaneously. When one big bank faces some kind of trouble and fails, the banks with the largest exposure to derivates (think JP Morgan, Citygroup, Goldman Sachs) will realize that the bank on the other side of the derivatives trade (the counterparty) is no longer good for their obligation. All of a sudden the hedged position becomes a naked position. The net position becomes a gross position. The risk explodes instantaneously. Markets realize that their hedged positions are in reality not hedged anymore, and all market participants start bailing almost simultaneously. The whole banking and financial system freezes up. It might start in Asia or Europe, in which case Americans will wake up in the morning to find out that their markets are  not functioning anymore; stock markets remain closed, money at the banks become inaccessible, etc. It is really impossible to forecast the exact trigger that will cause the bubble to burst. Jim Rickards uses the analogy of the avalanche which also has no way to determine in advance which snow flake exactly will become the final trigger. There simply will be " a " snow flake that will take all the rest with it. What we clearly see today is that the fixed income (bond) market is the epicenter of the coming shock. A lot of derivatives are hedges against bond portfolios. So the crack could start with trouble in treasury bond markets for example as US interest rates start rising. As a reaction, he Fed could start buying all bonds that the US government is issuing which would spook the markets instead of calm them down. This could set off a chain reaction. Complex systems do not allow to determine things ahead of time. One of the few things we know, however, is that the mother of all bubbles will burst and that we created the conditions for this catastrophic failure. Trends for 2013 & potential triggers for a trust crisis John Rubino does not expect the final collapse to take place in 2013, although the following trends could spark a future trigger. (1)    The erosion of the Petrodollar position. Oil producing countries start dealing their oil in other currencies with huge purchasers (think Russia, China, Brazil), resulting in a lower demand for dollars. If central banks decrease their demand for US dollars, it would lower the value of the dollar and make inflation and interest rates explode. We saw the first signs of this in 2012, where oil began trading for gold. (2)    Expansion of the police state. The response to terrorism and instability is an increased control by the US government (think internet monitoring, surveillance systems, etc). It creates conditions for domestic turbulence via civil unrest, resulting in an outflow of money towards other countries. The acceleration of this trend should be visible in 2013. (3)    State and local pensions are imploding. States and localities cannot pay off their obligations anymore and could go bankrupt in 2013, resulting in a tanking municipal bond market. (4)    Threat of cyber war and cyber terrorism. The internet being an insecure system, the next future trade war could result in a breakdown of the electronic system, which could spook the markets tremendously. Gold & Silver – Store of safety and protection of wealth "Precious metals are where we hide when we do not trust the rest of the world," says John Rubino. When things start really spinning sin out of control, everything could potentially be destroyed, BUT the only things that cannot be destroyed are gold, silver, and probably the mining stocks, among other tangible assets. With a limited supply and availability, a massive demand for precious metals will translate into exponentially rising prices. The ongoing destruction of fiat currencies (see first paragraphs) will become increasingly apparent in 2013. An increasing number of investors will understand that precious metals are holding value while other assets are not. Central banks are already moving out of currency, into gold. China as the best example imported 800 tons of gold in 2012. To put that figure into perspective: their official reserves were 1,000 tons. The same trend is taking place in other countries (although on a smaller scale) like, for example, Russia, Brazil and several Asian countries. This demand only will be a main driver for higher prices in 2013. Downwards suppression of gold and silver prices ("manipulation") can be the only explanation for some strange price action in 2012 (and before). In December, for instance, huge amounts of short selling took place during the most thinly traded moments during overnight trading sessions. That is not how a market participant closes out a large futures position because all the subsequent trades are happening at a lower price. Commercial banks, together with Western central banks, actively try to depress gold and silver prices to validate the existence of their paper based, fiat based currencies. It has resulted in a controlled price rise, not an exponential one. People and investors need to look at it as an opportunity. A slow and steady bull market makes it possible to accumulate the metals in a steady way. At the start of 2013, the fundamentals justify much higher gold and silver prices. John Rubino is the co-author of the book "The Collapse of the dollar." Visit his website DollarCollapse.com for daily interesting readings.

Silver To Rise Over 500% In Next 3 Years – BBC Posted: 14 Jan 2013 08:00 AM PST The silver story has gone mainstream in the UK, as the BBC has released a piece on the reasons for owning physical assets such as silver with Eurozone and US debts and deficits spiraling out of control. While the piece does not touch on metals manipulation by the banking cartel, the BBC discusses a target [...] Check out these similar articles: Silver Update: Silver Eagles The Coming Silver Super Spike – BrotherJohnF Silver Update: FED Follies

Silver Pops Through $31 on COMEX Open, is Promptly Slammed Back Under $31 Posted: 14 Jan 2013 07:29 AM PST Silver burst out of its week long cap at $30.80 on Monday's COMEX open, only to be promptly dropped vertically back under $31.  It appears that $30.80 has now been turned into support, and we expect silver to quickly make another attempt to regain the $31 level.   Silver Bullet Silver Shield Slave Queen Collection  [...] Check out these similar articles: Silver Pops on COMEX Open, Gold Completing Inverse H&S on Daily Chart Gold & Silver Explode Higher on COMEX Open- Silver Clears $35 Gold & Silver Go Vertical on COMEX Open, Silver Clears $33

Peter Schiff: Inflation Propaganda Exposed Posted: 14 Jan 2013 07:00 AM PST In the latest Schiff Report, Peter Schiff discusses a topic regular SD readers are familiar with- the government's manipulation of public perception of inflation due to the bogus CPI statistic. Schiff states that The CPI is no longer a tool to accurately measure inflation, but an instrument of propaganda the government uses to hide accelerating [...] Check out these similar articles: Peter Schiff on the ECB vs. The Fed, Inflation, and the Super Committee Peter Schiff Backpedals on Hyperinflation Call Peter Schiff: Dollar Vulnerable to a Massive Collapse, Buy Gold and Silver

Does Bank Of England Hold €235 Million Of Irish Gold Reserves? Posted: 14 Jan 2013 06:55 AM PST The Central Bank of Ireland continues to be queried about the status of the Irish gold reserves. It has been reluctant to release information and said that it is "not obliged" to release information due to certain "rules and regulations".  Ireland's finance minister, Michael Noonan, has also been asked about the country's gold vaulted at [...] Check out these similar articles: Bank of Australia Admits 99.9% of Gold Reserves Are Held in Bank of England Breaking- Former CEO & Chairman of Anglo Irish Bank Arrested in Ireland Bank of Mexico Admits 96% of Gold Reserves Held in US & London

Confiscation? Diversify. Posted: 14 Jan 2013 06:47 AM PST Tweet This past week Julian Phillips put out a 5 part series on the future potential of a Gold confiscation in the U.S..  I personally am on the fence as to whether or not this will happen.  On one hand both Jim Sinclair and Richard Russell (two very wise men) don't believe this will happen, others, many others, do.  My personal view is that we as a nation are spiraling down a rat hole, losing (and giving up) our God given rights and liberties every day.  When a society begins down this path anything becomes possible and what was previously thought impossible can become the "norm" over night. Whether a confiscation occurs or not there are some things that you can do ahead of time.  First you can diversify.  You can (and should!) own some silver and platinum which will retain purchasing power and probably even gain in real terms versus other "goods."  I cannot see these being confiscated as Silver is "too bulky" (at the current prices) to make it worth government time and platinum is just too scarcely held to bother with.  You can also trade your Eagles, Maples, Kruggies, etc. in for pre 1933 Liberties and St. Gaudins as these have "numismatic" values and very well may be considered part of your "coin collection."  The 1933 confiscation exempted "numismatics" so this may be a protection.  As recently as 5 months ago you could basically swap Eagles even up, now the premium is 12-14% to do this and may be something to consider. Next you must consider "where" your metal is held.  Do you dig a hole in the back yard or keep it in a safe deposit box at a U.S. bank? (whatever you do… DO NOT do this!)  I have always been an advocate of having your Gold in several places.  A very small amount on hand personally and the rest held outside of the U.S..  You can choose Canada (Miles Franklin can help in this regard as they provide storage through Brinks in Montreal).  You can choose Switzerland which I believe is an excellent choice but it is becoming harder and harder to do this as Swiss institutions are turning U.S. clients away because they don't want to deal with IRS meddling and regulations.  If you decide this route, Miles Franklin also has a relationship to provide storage in Switzerland.  You can also choose Singapore which is fast becoming a magnet for Gold looking to be stored.  My point is this, DIVERSIFY your storage even if decide to go out into the woods and dig several holes, diversify where it is held. I preface what follows by telling you that I am not an attorney nor an accountant and that what you read is not in any way tax advice or legal advice.  As I understand it, "international trusts" are still legal to be drawn up.  The slang for international trusts is "offshore trust" and I'm sure you have heard of these.  They are quite expensive to have drawn up but they do offer benefits as I understand them.  I believe they shelter your assets (that are in the name of the trust) from legal liability that you incur personally.  You are the beneficiary of the trust but cannot get at the assets without the signature of a "protector" (of your choosing AND who you may replace if you wish at any time for any reason).  You also must have a "trustee" for the trust who "registers" your trust each year.  They also coordinate and deal directly with your institution or vault, YOU personally cannot have contact with the institution and they may not act on your say so.  The trustee must perform all actions and ONLY after a signature by the "protector" of the trust.  As I understand these, ONLY the IRS or equivalent tax agency who must show tax fraud or evasion is able to break in to an international trust and claim assets.  A lawsuit from anyone, institution, for any reason (unless against your trust directly for actions BY your trust) do not have standing. Again, I am not an accountant or a lawyer so consult your own to confirm this but as I understand it… IF a Gold confiscation were to be ordered and your Gold is held in and by an international trust, YOU personally as an American citizen DO NOT own the assets.  I think that you could legally sign any form placed in front of you swearing that you personally do not own Gold and do not have any to be "turned in" as an American citizen.  I do believe that you need to declare the account and the value each year but as the assets are not "owned" by a U.S. citizen they likely could not be confiscated. As a final comment I must say that having to go through this thought process in the first place is beyond stupid.  We are talking about assets accumulated legally and honestly, yet we must worry about "OUR" government taking them away.  Our world is changing (definitely for the worse) very rapidly and the life in which we grew up with is fading fast in the rear view mirror.  You can now be arrested and locked up indefinitely without any rights or even the right to consult an attorney.  You can be assassinated at the whim of one man and in the "safety" of your own home.  Your Constitutional right to own a firearm is under attack and if you have more than a week's worth of food in your home you can be considered a terrorist.  The world has become a very scary place and the last bastion of "freedom, liberty and justice for all" is now unfortunately being thought of by her citizens as a place to "escape" from.  Which begs the question… WHERE TO?  Another story for another day. Similar Posts: More on Gold Confiscation Jim Sinclair on Confiscation of Gold A Straight Forward Discussion About Gold Confiscation

The true significance of the $1 trillion coin Posted: 14 Jan 2013 06:43 AM PST Detlev Schlichter writes:  Under President Obama the debt of the United States government has grown by about 50%, and now stands at close to $16 trillion. Every year, the US government spends between $1.2 and $1.5 trillion more than it takes in. Every day that financial markets are open the US government has to borrow an additional $4 billion. The pathetic fiscal cliff 'compromise' of last week has proved the most cynical students of the political elite correct in that there is not a snowball's chance in hell that Washington will ever get this under control. Can this go on forever? No, it cannot — although adherents of the Church of Modern Monetary Theory now proclaim that its holiness, the State, is not restricted by earthly matters, and that no limits apply to it. "It simply prints the money!" Back on earth, however, such recklessness has consequences, and these consequences will ultimately put a very nasty end to proceedings. But politics will not fix this. This much is certain. Political theatre  One of the annoying little things that stand in the way of more debt is the dreaded debt ceiling debate, a quaint congressional tradition according to which the politicians in Washington have to periodically pretend that they can indeed exercise self-constraint and that they would even obey self-imposed limits. After the usual self-serving theatrics, both parties agree that the debt ceiling should be lifted, that spending must continue, and that more debt should be accumulated – in the interest of the American people, the US and the global economy, social peace, and because the show must go on. Since March 1962, the debt ceiling has been raised 74 times. Enter The Coin! In order to make this farce a tad easier next time, the following plan has been concocted. It has recently made the headlines. You can read about it here and here: The U.S. treasury is to issue a platinum coin with a notional value (that is, a value that is fixed entirely arbitrarily by the government) of $1 trillion, and this coin is deposited with the Federal Reserve. In fact, the coin is used to pay down $1 trillion of US government bonds held presently by the Fed (The Fed holds more than $2 trillion in government bonds). Thus, tradable government debt that counts against the debt ceiling is swapped for a 'commemorative' coin that does not count against the debt ceiling. $1 trillion of government debt thus magically disappears. The US government has its fans who believe that anything, legally or illegally, should be done to keep it living beyond its means for as long as possible. These fans are supporting the plan. Among them is, not surprisingly, Paul Krugman, who fears nothing more than a congressionally enforced coitus interruptus before the protracted orgy of money-printing and deficit-spending has a chance to climax – as he keeps promising us – in a wonderful return of self-sustaining growth. But the plan has many critics. Their criticism strikes me, however, as rather naïve and faint, and also missing the true significance of it all. Weak criticism The critics make the following points: 1)   This is just a trick and may not be legal. 2)   It eases the pressure on politics to reduce the deficit meaningfully. 3)  This could lead us onto the dangerous road toward debt monetization and could be inflationary. Let me address each of these points before I come to what I consider the most important aspect of this. Ad 1): Oh pleeeeze! Is it a trick? Is it a gimmick? Could it be illegal? – Are you stuck in the 1980s? – Of course, it is a trick and probably illegal! But who cares?  Please get real. We have long passed the point at which any of the major governments feel constrained by such things as constitutions, laws, contracts or past promises. We live in a time of 'anything goes'. Remember: "We will do whatever it takes!" Look at Europe: From the start of the European debt crisis to today, EVERY rule that was set up at the start of EMU in order to govern it and to discipline its members, has been violated, ignored or shamelessly re-interpreted. The political class is making up its own rules as it goes along. Parliaments are rubber-stamping everything, and if they hesitate they are told that they could be held responsible for the 'next Lehman'. Sign here, or else…. As I explained here, the US government has already abandoned habeas corpus, has arbitrarily annulled private contracts and will force Americans into commercial transactions. You think they will stop at the laws governing the issuance of commemorative coins? Do you really think that the army of lawyers that works for Washington cannot come up with a reasonably acceptable explanation (read: this side of totally laughable) for whatever the government wants to do that will sufficiently appease the folks at Harvard Law Review? We may not get this specific version of the plan but something similar will certainly be implemented in the near future. You can bet on it. It is simply in line with current modes of thinking and the present political culture – or lack thereof. Ad 2) The politicians will feel less pressure to enact real budget reform. – Oh come off it! There is neither real desire nor ability nor the required character and decency among the political elite to fix this self-inflicted budget mess. If you needed a reminder of the spinelessness and stupidity ruling Washington you only have to look at the great fiscal cliff compromise that was reached last week and that the equity market, evidently still on a drug-high from snorting unlimited lines of free central bank money, has been celebrating deliriously ever since. Let me say this in reference to a great quote by the incomparable P.J. O'Rourke: To expect Washington to reform itself and rein in spending is akin to giving your car keys, your credit card and a bottle of Jack Daniels to your 17-year old son and expect him to act responsibly. Ad 3) Could this be the start of debt monetization? Well, duh. Debt monetization has been going on for years, is alive and kicking, and gets bigger by the day. In the US and Britain, the central banks are the largest holders of their respective governments' debt and the largest marginal buyers. The Bank of England has monetized about 30 percent of outstanding debt and now has more UK Gilts (government bonds) on its balance sheet than the entire UK pension and insurance industry combined. Under its current program of 'open-ended' QE3 (or QE4, or QEwhatever) the Fed buys $85 billion worth of new Treasuries and other securities every month. Let's get this straight: The whole raison d'etre of central banks is that they print money to fund the state. The Bank of England – the mother of all central banks – was set up specifically for this purpose in 1694. Since then a whole list of elaborate excuses has been drawn up for why central banks are needed and useful, a list that looks more ridiculous by the day: Central banks control inflation and guarantee monetary and economic stability? The exact opposite is true: Central banks create inflation and cause monetary and economic instability. There is no escaping the conclusion that they are organs of state planning and systematic market manipulation and thus fundamentally incompatible with the free market. But one true purpose remains: funding government. Increasingly, it is the dominant function of the ECB, the Bank of Japan, the Bank of England, and the US Federal Reserve to secure cheap credit for their respective governments and their out-of-control spending programs. There is nothing new, surprising, or shocking about the $1 trillion coin proposal. It is perfectly in tune with the zeitgeist and with established trends in politics. Bernanke will need a new script So, what is significant about it? – Only one thing in my view: It exposes Bernanke as a liar. Remember that Bernanke, and also his other central bank chums, such as Mervyn King and Mario Draghi, have tried to maintain the myth that they could one day – if markets allowed it or required it – reduce their bloated balance sheets. During the financial crisis, the Fed has ballooned its balance sheet from $800 billion to close to $3 trillion. We are supposed to believe that this is all temporary. Just to provide a stimulus. Nobody calls this debt monetization or 'funding the government'. Same in Europe: Mervyn calls it 'unlocking the credit markets', Mario calls it 'making sure the monetary transmission mechanism works'. The idea is that when the economy is finally mended the central banks can 'normalize' their balance sheets. More importantly, should inflation concerns arise, the central banks would quickly mop up all the excess bank reserves that they provided through 'quantitative easing' and sell the very assets they accumulated during the easing cycle. That would mean liquidating the central bank's holdings of – among other things – government bonds. But once the government has replaced liquid government bonds on the central bank's balance sheet with illiquid coins the central bank's maneuverability is severely restricted. When the public gets nervous about inflation, the central bank would have to reverse its crisis-policies and sell assets. There is (still) a market for US Treasury debt. However, there is no market for $1 trillion coins. While the central bankers try to convince the public that their buying of government debt is a special case, an exception, a temporary policy measure, and that they could still defend the value of paper money if circumstances require, the politicians have other plans. They already consider central bank buying a permanent source of funding – unlimited and ever-lasting. I have long maintained that the central banks have no 'exit strategy', that they will simply not be allowed to reverse course. This is now becoming part of the official narrative, and central bankers who maintain otherwise are either hopelessly deluded or simply lying. The deficits are here to stay and they will be funded by the printing press. No limit, no end, no exit. Will this lead to inflation? _ Well, unless you are a fully signed-up member of the Church of Modern Monetary Theory, you know the answer. This will end badly. Source:  Detlev Schlichter http://detlevschlichter.com/2013/01/the-true-significance-of-the-1-trillion-coin/

Gold prices to rise 5.1% this year: LBMA Posted: 14 Jan 2013 06:28 AM PST The average of forecasts from 23 LBMA members showed an expectation for silver prices to post a 6.6 percent gain on last year to an average $33.21 an ounce, and for platinum prices to rise 8.4 percent to average $1,682.

Futures May Be 'Springboard for Sharp Rise in Price' Posted: 14 Jan 2013 06:19 AM PST Wholesale gold bullion prices hovered just below $1,670 an ounce Monday morning in London, having regained some ground after Friday's losses, while stocks and commodities also ended the morning up on the day.

Does England Hold €235 Million of Irish Gold Reserves? Posted: 14 Jan 2013 05:46 AM PST Spot gold traded nearly flat on Monday in Asia and has edged higher as investors nervously await a string of economic data this week to examine if the grand money printing recovery plan is working for the world's top economies.

People fights for Gold in Iran Posted: 14 Jan 2013 05:44 AM PST People are virtually fighting for gold after the central bank opened several special counters across the nation to sell Bahar-e Azadi coins to citizens.

Sharps Pixley Precious Metals Forecast 2013 Posted: 14 Jan 2013 04:38 AM PST The long term gold bull run is intact, but the conviction and patience of gold investors may be tested in 2013. Against the backdrop of an improving macro-economic environment, particularly in the US, dollar firmness and a fading of the fear trade provide a drag on gold prices.

Sterling crisis talk increasing Posted: 14 Jan 2013 04:30 AM PST Are the markets at long last taking central banks at their word? This would appear to be the conclusion to draw from the continuing bullish action in stocks and commodities, as well as gold and ...

India may announce Gold import duty hike in next budget Posted: 14 Jan 2013 04:27 AM PST India is the largest importer of gold. In 2011-12, the country imported gold worth $62 billion as compared to $43 billion in the preceding year.

CFTC to Hold Closed Meeting to Consider Litigation Matters Posted: 14 Jan 2013 04:21 AM PST Stacy Summary: via Ned Naylor-Leyland, comes this info. Please don't start holding your breath, but could this have something to do with JPM / silver manipulation? CFTC to Hold Closed Meeting to Consider Litigation Matters

'No way' for Umrah pilgrims to reach Gold shops in Makkah Posted: 14 Jan 2013 03:53 AM PST Saudi Arabia is one of the world's largest gold market in the world, with an annual demand estimated at 200 tons.

Inflationary Rally May Spark Gold & Junior Miners Posted: 14 Jan 2013 03:43 AM PST Despite current weakness in gold around the $1,650 area we expect a turnaround in gold with a new leg up to $1,800 area and eventual breakout at $2,000 in 2013.

US Mint Sells 4.8 Million Silver Eagles in 1 Week! Posted: 14 Jan 2013 03:00 AM PST The US Mint reported another 300,000 oz of 2013 Silver Eagles sold Friday, bringing the 1 week sales total to what is believed to be a record 4.782 million ounces! With nearly 3 full weeks remaining in 2013, the US Mint sales totals are set to shatter January 2011′s all-time monthly record of 6.422 million [...] Check out these similar articles: US Mint Sells Nearly 4 Million Silver Eagles First Day of 2013 Production! US Mint Sells 1 Million Silver Eagles First 2 Days of October! US Mint Sells 57,000 Ounces of Gold First 2 Days of 2013!

China may join Gold reserve asset game : OMFIF Posted: 14 Jan 2013 02:49 AM PST China holds the world's largest foreign exchange reserves, which were worth more than $3.31 trillion by the end of 2012, according to figures from the People's Bank of China, the country's central bank.

Gold edges up as euro gains Posted: 14 Jan 2013 02:31 AM PST Analysts said further dip in the dollar could support the precious metal during the day along with expectations of aggressive monetary easing in Japan.

Update on Gold & the HUI Gold Bugs Index Posted: 14 Jan 2013 02:00 AM PST What is most encouraging is seeing HUI start to make a new trend upward from May 2012 in a series of higher highs and higher lows, this is a positive development especially if the December lows of 425 hold.

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