A unique and safe way to buy gold and silver 2013 Passport To Freedom Residency Kit
Buy Gold & Silver With Bitcoins!

Sunday, January 20, 2013

saveyourassetsfirst3

saveyourassetsfirst3


Mania phase approaching for junior golds - Ballanger

Posted: 20 Jan 2013 01:53 PM PST

The current market valuations for junior miners have, director of wealth management at Richardson GMP, Michael Ballanger, feeling like a kid in a candy store. And interview with the gold report.

4 lessons private investors can learn from the Bundesbank

Posted: 20 Jan 2013 01:45 PM PST

According to Bullionvault's Adrian Ash, private investors should pay attention to the German Central Bank's plans for gold

Silver Update: Silver Glut?

Posted: 20 Jan 2013 10:45 AM PST

BrotherJohnF states silver has resumed its bull market, examines the current extraordinary technical fundamentals in silver, and discusses the US Mint's shutdown of Silver Eagles production in his latest Silver Update: Silver Glut?

Visualizing Silver As An Investment

Posted: 20 Jan 2013 10:40 AM PST

Silver is like gold in many ways; both are precious metals with long histories as currencies. They are malleable, lustrous, ductile, resilient, and rare. However, as Visual Capitalist illustrates in this spectacular infographic, silver investors should be aware of the three main differences between silver and gold. From silver's relative volatility and correlation to industrial demand, track record, diversification benefits, and the three ways to get exposure to silver, this colossal image provides everything you need to know in one place. The Speed Retirement Hyper-Compounding Strategy

Click image for massive (legible version).

Source: Visual Capitalist

Gold reserve mysteries

Posted: 20 Jan 2013 06:00 AM PST

Last Wednesday the Bundesbank released a statement to the effect that 300 tonnes of Germany's gold will be moved from New York and 374 tonnes from Paris. This should be a simple operation: rail ...

Max & Stacy Started The Gold Repatriation Panic

Posted: 20 Jan 2013 05:51 AM PST

Is Germany's Recent Move A New Storage Plan Or A Salvo In The Currency War? In 2009, Max Keiser warned interviewed the Bundesbank and uncovered the fact that much of (if not most) Germany's gold resided in NYC. Well, now … Continue reading

Cramer's Mad Money - 11 Earnings To Watch In The Week Ahead (1/18/13)

Posted: 20 Jan 2013 04:25 AM PST

By SA Editor Miriam Metzinger:

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday, January 18.

11 Earnings To Watch In The Week Ahead: Freeport McMoRan (FCX), Johnson & Johnson (JNJ), Google (GOOG), Apple (AAPL), Netflix (NFLX), 3M (MMM), Celgene (CELG), Microsoft (MSFT), Honeywell (HON), Kimberly Clark (KMB), Weyerhaeuser (WY)

Tuesday

Freeport McMoRan (FCX) reports, and "has some explaining to do." The stock should be roaring back because of China, but it has done nothing, because FCX overpaid for an acquisition. "I smell a Wall of Shame," said Cramer.

Johnson & Johnson (JNJ) has a new CEO, great brands and might break itself up. "Don't you dare sell it," said Cramer, who would buy JNJ on any decline, even before it reports.

Google (GOOG) reported a terrible quarter last time around, but management might have some good news. Cramer would listen for information on Android monetization and search.

Wednesday


Complete Story »

Currency Positioning And Technical Outlook: Correction At Hand?

Posted: 20 Jan 2013 04:19 AM PST

By Marc Chandler:

The technical tone of the major foreign currencies deteriorated in recent days. It appears to be a cascading effect. Favorite risk-on currencies, like the dollar-bloc, failed to participate in the move against the greenback. The Swiss franc took the dubious honor of being the weakest currency last week, losing 2.2% against the dollar.

Sterling had been flirting with the uptrend line drawn off last June's lows and rebounds looked increasingly halfhearted and then convincingly broke and traded below the 200-day moving average for the first time in a couple of months.

Of the currencies we examine here, it was the euro, which slipped about 0.15% against the dollar, and the Mexican peso, which was about 0.05% lower over the course of the week, held up the best. The key technical question now is, which set of currencies is generating the correct signal? The euro and peso, which


Complete Story »

India Ending Diesel Subsidy Which Is Bullish For Gold

Posted: 20 Jan 2013 04:04 AM PST

ByTom Luongo:

India's government has been toying with the prospects of substantial economic reforms as its persistent budget deficits - self-inflicted wounds if ever I saw them - continue to threaten the economic stability of the country. Finally in a fit of rationality the Singh government decided to let the free market - eventually - set the price for diesel fuel. India has been running the kinds of budget deficits that make one think they were trying to become the U.S., only failing. The diesel subsidy is costing them nearly 2% of GDP per year. The stated goal was to get the budget deficit down to just (I love that!) 5.3% of GDP, mostly to satisfy Moody's who has been threatening them with a downgrade.

Over the course of the year the price of diesel fuel will rise which will allow refiners to stop hemorrhaging money and sending the bills to the


Complete Story »

Gold Rally & T-Bond Tap Out

Posted: 20 Jan 2013 04:00 AM PST

Submitted by Morris Hubbartt: Public participation in gold is near the lowest levels of the bull market. This is a good sign that higher prices are coming.   My upside targets are $1850, $2350, and $2750.  At $2750, I'm projecting that the public will become eager to own gold again, and the price will begin the [...]

Gold Is Not Money - It's Something Better

Posted: 20 Jan 2013 03:56 AM PST

ByTom Luongo:

In the comment thread to my last article I made the mistake of puncturing a misconception of many an ardent, if confused, gold investor by asserting without equivocation that gold (AMEX:GLD) is, in fact, not money. I know I made some people angry with that statement. But to clarify I need to set the Way-Back Machine to last century and quote from Ludwig von Mises' The Theory of Money and Credit and Human Action wherein he defines money and credit.

Money:

It is the most marketable good which people accept because they want to offer it in later acts of impersonal exchange - Human Action (1949)

Credit:

Credit transactions are in fact nothing but the exchange of present goods against future goods. - Theory of Money and Credit (1921)

To translate: money is the most liquid commodity. Credit is a promise to pay tomorrow for what


Complete Story »

Silver prices gaining momentum with record inflows into exchange traded products

Posted: 19 Jan 2013 09:54 PM PST

Silver bugs have enjoyed a great start to the New Year after a tough December. Sharon Epperson of CNBC asks whether these good times can continue?

The next ArabianMoney investment newsletter next month (subscribe here) will be looking at the stellar performance of our top silver tip for 2013 up 12 per cent in the past three weeks, twice the gain for the metal. There have been record inflows into silver-based exchange traded products so far this year…

Turkish Leader Survives Assassination Attempt As Gun Misfires During Conference Speech

Posted: 19 Jan 2013 09:46 PM PST

The leader of Bulgaria's opposition Movement for Rights and Freedoms, Ahmet Dogan survived an assassination attempt during a live speech today as the worst hitman ever lept on the stage, but failed to execute the kill from point blank range as he apparently forgot to disengage the safety. Stunned fellow politicians then jumped to the stage, [...]

Why are central banks buying more gold than at any time in 50 years?

Posted: 19 Jan 2013 09:29 PM PST

Gold bugs can hardly have missed the GFMS Gold Survey for 2012 that reported global central banks bought more gold in 2012 than at any time in the past 50 years, a net 536 tonnes of the yellow metal. The global money printers clearly know the value of the one money that they cannot create from thin air.

This is being hailed as a step by step move to a new Gold Standard. Before the global financial crisis of 2008 these same banks had an agreement to gradually sell-off their gold reserves. That has been reversed in the wake of the crisis and the money printing that has followed.

New gold buyers

The main buyers of gold are the rising powers of the East, including Central Asia and Russia, as well as Latin America. China has declared its intention to double gold consumption to 1,000 tonnes a year over the next three years while energy-rich Russia wants to exchange black for yellow gold. India is raising taxes on gold to dampen gold imports that are damaging its balance of payments.

Asia and the commodity producers holds two-thirds of the world's $11 billion in foreign reserves and its central bankers know very well that the US dollar rests on a pyramid of debt with a central bank that would dearly love to pass on all its problems to the rest of the world by devaluation.

Central banks are the guardians of the national economy unless they fall into bad hands. They are also usually pulled in many directions and try to find a balance that is the security they have as their mandate.

Gold Standard?

Buying gold is indeed the opposite side to the coin of printing money and dealing with the tidal wave of paper money now piled up in central bank balance sheets. Revaluing gold will be the way to keep balance sheets in balance as the inflation of paper money is exposed and raises general price levels.

That is why central banks want more of the yellow stuff now at current prices. It's an instinctive flight to preserve value at a time of devaluing paper currencies, and it will play a vital role in preserving financial systems as the whole fiat money system comes unstuck in the bond crises and defaults that usually follow excessive indebtedness.

How long will that take? It's anybody's guess. But the normal pattern is for the weakest links to break first. Greece has already gone. Who is next? There is a long queue. Cyprus as too small to be a concern?

The real danger cases are Japan and the UK, huge economies with massive debts and independent currencies. The US is still futher down the line.

CNBC analysts start wondering if central banks still have their gold

Posted: 19 Jan 2013 07:00 PM PST

GATA

Does Bank Of England Hold €235 Million Of Irish Gold Reserves?

Posted: 19 Jan 2013 03:00 PM PST

gold.ie

Gold & Silver COT Report 1/18/13: Commercials in Silver Still a Massive 210 Million Oz Net Short!

Posted: 19 Jan 2013 02:41 PM PST

By SD Contributor Marshall Swing: Gold & Silver COT Report 1/18/13: Commercial longs beefed up 1360 contracts to their total on the week and a large 2,126 shorts to end the week with 47.96% of all open interest, an increase of 0.26% in their share since last week, and now stand as a group at [...]

The Beginning of the End for the Silver Eagle?

Posted: 19 Jan 2013 12:44 PM PST

How Many More Years Does the Program Have Left? This week has been quite the week for silver and the US government. Just Tuesday the US Mint notified the public of higher prices for some 2013 silver products, including the … Continue reading

How Can The Gold Price Drop In A Matter Of Milliseconds?

Posted: 19 Jan 2013 12:22 PM PST

Please explain how the  "Gold Price" can drop $15.00 to $20.00 or more,  in one  "millisecond", during overnight trading in Asian or European markets. It makes no sense and can only be caused by a "computer program" somehow. It occurs repeatedly and can only be pre-planned, at least that is the only logic explanation.

There are plenty of examples of this; it occurs multiple times per week. Here are a couple of charts from the past weeks. Although these are standard Kitco charts that don't show a millisecond timeframe it is quite clear what these charts would show when zooming in. The last of the three charts, however, is the perfect example. Interestingly, this move in the charts was erased by Kitco the same day but registered by SilverDoctors.

gold price daily chart january 18 2013 gold silver price news

gold price chart 18 december 2012 gold silver price news

gold price chart 26 november 2012 gold silver price news

We reached out to one of the true experts in this matter: Dimitri Speck. He is a seasoned mathematician, the author of the best-selling book "Geheime Goldpolitik" (only in German available, the English version is being prepared) and chief financial engineer of Staedel Hanseatic. He runs SeasonalCharts.com, offering a wealth of intraday trend charts.

The short version of the answer to the above question is the following: Sharp drops are often (but not always) caused by intervention of the large bullion banks who are working closely together with the central banks. Think JP Morgan, Citigroup, Goldman Sachs, and the like. They are designed to cause stop loss selling and to demotivate other market participants. The drops are the ultimate proof of systematic market interventions. The tools used by Dimitri Speck, for instance, are the intraday averages. It appears that as of 1993, these price anomalies occurred frequently to a similar extent on specific times. Before the start of these interventions in August 1993 those statistical anomalies were simply not there. The Speed Retirement Hyper-Compounding Strategy 

The detailed version of the answer is to be found in an earlier interview between Gold Silver Worlds and Dimitri Speck. Entitled "Gold Price Manipulation Proven On The Intraday Charts" Dimitri Speck concludes that central banks and their affiliated bullion banks started to influence systematically the price of gold as of August 1993. His conclusion comes in particular from his intraday statistics, where he observed several anomalies. First, since 1993, the price has been falling systematically during the trading session of COMEX in NY. Another trading anomaly is that during the PM fix the price systematically tends to drop significantly.

The following chart is the result of some 16 years of recording intraday data. The sudden price drops are so sharp and systematic that it can only point to intervention.

gold intraday average 1993 2009 gold silver price news

gold intraday average before 1993 gold silver price news

In addition, we wrote about the same topic in a more recent interview with John Rubino:

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.

The interview with Dimitri Speck revealed even more insights. For instance, it appears that the manipulation in the futures market (visible in the COT reports) comes on top of the revelations on the intraday charts. The interventionists significantly increased their activities in the futures gold markets in May 2001, what is visible in the COT report. Before that, the price was more suppressed through selling and leasing of gold. As soon as the futures markets got into play, an increasing number of price shocks have appeared with an increasing intensity. Obviously those price changes were mostly drops rather than increases. It becomes clear on the following chart. As of May 2001, the "climate has changed" because of the futures market, which is clearly an anomaly. The decline in the lower part of the chart, that started at that given point in time, shows the net positioning of commercials as a share of total positions. The line is significantly lower, proving that commercials are more on the short side.

As a sidenote, Dimitri Speck adds that short positions are not the only condition for price suppression. Before 2001, similar price drops did occur. Shorts are just one of the many influencing factors. For sure they do have an effect as we saw for instance in the silver market starting 14 months before the peak of May 2nd 2011. During that period, central banks temporarily scaled down their interventions as clearly shown by the intraday charts. It led to the gigantic bull run.

GATA: ‘Max and Stacy's disclosure in 2009 led to the political controversy in Germany and the Bundesbank's decision last week to repatriate their gold.'

Posted: 19 Jan 2013 11:27 AM PST

Keiser Report examines Germany's gold repatriation Submitted by cpowell on Sat, 2013-01-19 19:20. Section: Daily Dispatches 11:20a PT Saturday, January 19, 2013 Dear Friend of GATA and Gold: This week's edition of "The Keiser Report" on the Russia Today television … Continue reading

Deepcaster: EXPOSÉS REDUX

Posted: 19 Jan 2013 10:02 AM PST

Submitted by Deepcaster: "Knowing Key Truths, especially those hidden by Officialdom for their own Economic or Political Benefit, is a Necessary, but not Sufficient, Condition for Successful Investing. Therefore, Periodic Exposés of Hidden Truths is Essential." One Key Truth relating to Gold, and thus to the Soundness or lack thereof of our Fiat Currencies and [...]

Jim Willie: The Petro-Dollar Sunset

Posted: 19 Jan 2013 09:54 AM PST

With this week's 600+ ton gold repatriation announcement by the Bundesbank, Germany certainly appears to be taking Jim Willie's advice to heart that those who exit the USdollar system first will be the leading nations in the next global economic … Continue reading

Gold or a gold ETF?

Posted: 19 Jan 2013 06:00 AM PST

It is always important to use the correct tools for the work you intend to accomplish. That reliable adage is true whether you are building a house or an investment portfolio. There are many tools ...

Retirement Planning And Gold

Posted: 19 Jan 2013 05:37 AM PST

The question of how much gold or silver one should hold is a common one. The answer is usually expressed in terms of portfolio percentages, as in 10 – 20 percent of one's investments. Such an answer is without basis. Why is 15%, for example, any better than 100% or 0%? The question and the

Let The Gold Games Begin

Posted: 19 Jan 2013 05:22 AM PST

Yesterday in Gold and Silver

It was pretty quiet in the gold market everywhere on Planet Earth yesterday.  The Far East high came around 3:00 p.m. Hong Kong time...about an hour before the London open...and from there it got sold off gently until 1:00 p.m. in London...about twenty minutes before the Comex open.

From that point, there was the usual price shenanigans between the Comex open and the London p.m. gold fix...and both attempted rallies during that time period got dealt with in the usual manner.   From those highs, the gold price got sold off until 3:30 p.m. in the electronic market...and from there traded sideways into the close.  The high tick of the day came about thirty minutes after the Comex open...and that was recorded by Kitco as $1,796.40 spot...and another attempt to break through the $1,700 spot price mark was thwarted.

Gold closed at $1,684.70 spot...down $2.40 from Friday's close.  Net volume was pretty light...around 101,000 contracts.

Silver's price action was, as they say, more 'volatile'... ;-)  Up until the Comex open, it more or less followed the same price path as gold.  But the moment it began to trade in New York...away it went to the upside...and it took JPMorgan et al many thousands of short contracts to bury that rally.  But bury it they did...and by 10:45 a.m. in New York, all was quiet again...although it continued to rally a bit right into the close of electronic trading.  The high tick was $32.24 spot.

Silver closed at $31.89...up 16 cents from Thursday's close.  Volume was around 31,000 contracts.

The dollar index opened the Friday trading day at 79.71...and traded sideways until the 8:00 a.m. GMT London open...and from there it rallied to its 11:00 a.m. New York of 80.17...and from there it sold off a bit to close the day just over the 80.00 mark at 80.05...up 34 basis points on the day.  It's more than a stretch to match the precious metals price trading pattern on Friday to anything the dollar index was doing.

The gold stocks rallied a bit after the London p.m. fix was in...but rolled over after 1:00 p.m...and barely closed in positive territory.  The HUI finished up 0.18%.

Despite the strong showing at the beginning of the trading session, the silver stocks never went anywhere...and got sold off as they day progressed.  They closed mixed...and Nick Laird's Intraday Silver Sentiment Index closed down 0.50%.

(Click on image to enlarge)

Here's Nick Laird's long-term Silver Sentiment Index so you can see the big picture view.

The CME's Daily Delivery Report is hardly worth mentioning, as only 2 gold contracts were posted for delivery on Tuesday.

There were no reported changes in either GLD or SLV.

Over at the U.S. Mint yesterday, they sold 5,500 ounces of gold eagles...and that was it.

It wasn't a particularly busy day over at the Comex-approved depositories on Thursday, as they reported receiving only 205,496 troy ounces of silver...and shipped 114,500 ounces of the stuff out the door.  The link to that activity is here.

After the big rallies in both gold and silver last week, it was no surprise to me that the Commercial net short position in both metals increased in yesterday's Commitment of Traders Report...for positions held at the close of Comex trading on Tuesday.  As I said at the time, it was obvious that JPMorgan et al pulled out the heavy artillery in order to prevent both metals from blasting skyward...and the evidence showed up in yesterday's COT Report.

It wasn't a lot in silver...only 767 contracts, or 3.8 million ounces.  Ted Butler feels that, under the hood, JPMorgan added around 1,000 contracts to their short position...which now stands around 29,000 contracts.

In gold, the increase in the Commercial net short position was more substantial...6,641 contracts, or 664,100 ounces of gold.

The key here is that JPMorgan et al are still doing the same old, same old...going short against all comers in the precious metals on any price rally...and until they step aside, or get over run, this price pattern is not going to change significantly, no matter what the charts say from a technical point of view.  It's as simple as that.

Here's Nick Laird's most excellent "Days of World Production to Cover Short Positions" chart updated with the latest data.

(Click on image to enlarge)

Since January 20th falls on a Saturday this year, The Central Bank of the Russian Federation updated their website with December's data yesterday.  It showed that they added 600,000 ounces of gold to their official reserves during that month.  If my back-of-the-envelope math is right, they added a total of 3.2 million ounces of gold to their reserves during the 2012 calendar year.   Here's Nick Laird's chart...

(Click on image to enlarge)

Revisiting the big 18.3 million ounce deposit in SLV the other day...here's what SLV super-sleuth Joshua Gibbons had to say yesterday...

"It looks like we need to wait until Monday to find out the details about the big SLV deposit.

"The bar list released overnight only showed deposits of 1,934,561.9 oz.  This should include a 967,280.0oz deposit on January 15th (the day before the 18.3M oz deposit), meaning that only 967,881.6 oz (1,934,561.9 minus 967,280.0) of the 18,378,092.0 oz deposit actually made it to the bar list.  It is not uncommon to see daily deposits split up like this (and I wouldn't have even noticed this time if I hadn't peeked at the bar list earlier than I normally do).  Given that the 967,881.6 oz equates to 1,000,000 shares, and is the same number of shares that were added on January 15, I'm guessing that the big January 16 deposit was really two separate deposits -- a "standard" deposit of 1Moz, and an "unusual" 17.3M oz.

"The bars that were added are very similar, from only 8 refiners, mostly from Korea, China, and Russia, and match what is often deposited to SLV (I'm guessing that one of the APs has contracts with some of those refiners to supply a certain amount of silver every month).  This adds to the probability that there were two separate deposits, making the big one really 17.3M oz.

"What that then does is increases the probability (in my mind, at least) that the deposit was indeed to square away the short position (which at last count was about 16,459,000oz), as the numbers are much closer.

"Another possibility I see is that between the January 15 and January 16 deposits, exactly 20,000,000 shares were created, a nice round number.  So someone may have wanted to buy 20M shares, without causing the NAV to go crazy (cluing people in to a big purchase), and got an AP to procure the silver and create the shares.  I would imagine it would be more effective to store 20M oz of silver on your own, but it could for example be a mutual fund that can purchase shares of an ETF but not physical silver.  But creating 1M shares one day, followed by another 1M shares and 18M shares the next day doesn't seem to make sense.  If it was all going to one "customer", I would think they would create the shares at the same time.

"So we have a few clues, but the bar list on Monday (and next release of the short position) will provide more information. - Joshua."

Here's another chart that Nick Laird sent my way last night.  It's the Total PMs Pool graph...and the big addition to SLV on Wednesday is the standout feature...as is the new high.

(Click on image to enlarge)

Because I'm on the road for my next two columns, you're just going to get the linked headlines.  I thank all the readers who contributed to today's story list, but there's just no room for accreditations.

One wonders in hindsight what that visit to the bullion vaults by Her Majesty was really all about.
CNBC's Head Explodes: Why doesn't Germany trust the US to store its Gold? The return of Silver Eagle rationing. Germany reaffirms the timeless relevance of Gold. GATA board member Adrian Douglas dies.

Critical Reads

List of Critical Reads

1.   IMF's Lagarde: US Debt-Ceiling Delay Could Be 'Catastrophic'

2.   House to vote on three-month debt limit hike

3.   Snakes and Ladders: Investment Banking on the Brink

4.   John Rubino on Debt & Deficits, the ongoing Currency War and German Gold Repatriation

5.   Doug Noland: How Crazy?  Crazier by the week!: Prudent Bear

6.   S&P sees deeper house price falls in eurozone as slump engulfs core: The Telegraph

7.   Europe's Challenge: A Terrorist Homeland in North Africa: Spiegel Online

8.   China's economy sees weakest growth in 13 years: The Telegraph

9.   Costa Rica Fights Currency Gain as Thailand Talks Baht Weaker: Bloomberg

10. Kyle Bass: Japan's Debt Time Bomb Is Ticking: CNBC

11. Unrest and Political Uncertainty: Pakistan Tumbles into Chaos: Spiegel Online

12. U.S. pivot sparks Asian arms race: Asia Times

13. Gerald Celente: The 2013 Financial Collapse Will be One For the Ages: KWN

14. Egon von Greyerz: We Are Now Seeing Massive Shortages of Silver: KWN

15. GATA board member Adrian Douglas dies: GATA.org

16. Bring monetary metal to GATA's fund raising reception in Vancouver on Monday: GATA.org

17. Frank Holmes: 4 Sensational Facts About Gold Investing you might not knowUSfunds.com

18. Germany Reaffirms the Timeless Relevance of Gold: Christopher Barker: The Motley Fool

19. The Return of Silver Eagle Rationing: Mint News

20. CNBC's Head Explodes – Why doesn't Germany Trust The US To Store Its Gold?

21. TF Metals Report interviews GATA secretary about Bundesbank's partial gold repatriation

The Funnies

The Wrap

There are no markets anymore...only interventions. - Chris Powell, GATA

Today's rock 'blast from the past' is here....and it's classical counterpart is here...and here.

Well, it was just another day/week off the calendar where nothing has really been resolved in either direction...and there's just no way of telling which way it will resolve itself, notwithstanding the mega-short positions of JPMorgan et al.

The forces in play in the precious metals market that we aren't privy to, will be th

Silver demand continues to rise/silver rises in price/gold falls/

Posted: 19 Jan 2013 04:39 AM PST

Adam Hamilton: Contrarian Gold Stocks

Posted: 19 Jan 2013 04:00 AM PST

Submitted by Adam Hamilton: Before investors can sell high and multiply their wealth, they first have to buy low.  The lower any trade's entry price, the greater its ultimate profits.  The best time to buy low is when stocks are deeply out of favor, when few others are willing to buy.  And that certainly describes [...]

Greece may go for Gold risking environment

Posted: 19 Jan 2013 03:52 AM PST

Crisis hit Greece is considering to open up all gold mines across the country despite it's huge environmental impact, analysts said.

Links 1/19/13

Posted: 19 Jan 2013 01:20 AM PST

Canada put "wrong" maple leaf on new Canadian dollar 20 bill: expert Reuters

Don't Ignore the Drought Rolling Stone

Leprosy bacteria use 'biological alchemy' BBC (John L). This is a big find.

Amazon rainforest showing signs of degradation due to climate change, NASA warns Raw Story :-(

Alberta oil selling at 50% discount to world price… Electic Lip (Matthew K)

Kim Dotcom: the internet cult hero spoiling for a fight with US authorities Guardian

Swartz and Keen John Quiggin

An apt insight Steve Keen

IMF: Greece needs more European money Telegraph

Judge: Govt Must Prove Manning Wanted to 'Aid Enemy' Common Dreams (Aquifer)

Twitter Weaponized: Al-Shabaab and the Latest Offensive in "Social" War BagNews (psychohistorian)

Director Kathryn Bigelow defends her indefensible Zero Dark Thirty WSWS (jsmith)

Is Jack Lew A Friend to Wall Street? Michael Hirsh, National Journal. Managed to miss this. It's a thorough, nuanced piece.

MMT and Social Norms Devin Smith, New Economic Perspectives

The Trillion Dollar Coin: Joke or Game-Changer? TruthDig (William)

Investing in Guns Joe Nocera, New York Times

Confidence Falls as U.S. Payroll Tax Rise Hits: Economy Bloomberg

Republicans gather at former plantation to discuss minority outreach Raw Story (furzy mouse). Makes perfect sense. They are figuring out how to get them better jobs in the Big House.

Ex-officers: APD had arrest quotas Atlanta Journal Constitution (Lambert)

The Frank Luntz script for Congressional Republicans Columbia Journalism Review (Paul Tioxon)

Banks get reprieve on new rules CNN. This is almost a default headline. The case in point is Basel III liquidity rules.

Mary Jo White Considered for SEC Boss Wall Street Journal. She was tough and respected once, but has she been coopted by being on the corporate side?

Fed minutes show slow crisis reaction Financial Times. Quelle surprise!

Stripping Down Bankruptcy Jargon Melissa Jacoby, Credit Slips

The Post-Crisis Crises Joseph Stiglitz, Project Syndicate

Antidote du jour (Aquifer):

No comments:

Post a Comment