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- Traders to lose heavily as India hikes gold import duties to 6%
- India hikes import tax on gold by 50%
- USD/JPY With Room For Disappointment After BoJ Announcement
- The Future Is Bright For General Electric
- Core Retirement Portfolio: 12 Dividend Aristocrats Yielding Over 3% (Part 2)
- Strikes drag Gold Fields Q4 production down
- Gold and silver bullion are on the move
- David Baker: gold miners should hold gold instead of dollars
- An Inside Look at the Rapidly Escalating Physical Silver Shortage Via SDBullion
- Pacific Group Becomes Latest Hedge Fund Converting Assets to Physical Gold
- Gold fever catching in Japan
- Online Payment Companies - Is The Threat From NFC Real?
- Macroeconomics, Technicals And Seasonality - All Pointing To Higher Crude Prices
- My Generation Has Lost Its Energy
- Keiser Report: Welcome Home German Gold!
- Gold, Silver And Money Near Crunch Time
- SLV ETF Adds 571 Tonnes Of Physical Silver To Its Holdings
- Three Junior Gold Miners With Big League EPS And Sales Growth
- Knock knock! Who's there? Silver. Silver who?
- Gold "holding its own," but futures market "not looking particularly confident"
- India again hikes Gold import duty to 6%
- An Inside Look at the Rapidly Escalating Physical Silver Shortage
- India Gold production up 2.2% to 137 kg in Nov 2012
- GATA Board Member Adrian Douglas Dies
- The mystery behind the Bundesbank's gold
- Gold, Silver, Fiat Money and the End of the Dollar Reserve
- Weekly Metals, Oil, Dollar and Index Price Analysis
- We're doing our job exposing financial terrorism: Financial services and banks were the least-trusted industries for the third year, with half of people surveyed saying they could be trusted to do what’s right, according to an annual poll
- Repatriation Avalanche Gaining Momentum: Azerbaijan to Withdraw All Gold From JP Morgan Vaults
- Pacific Group Hedge Fund Converting 1/3 of Assets to Physical Gold, Taking Physical Delivery in Hong Kong
- Silver production drops sharply in Azerbaijan
- Central banks: flush with paper money; low on real money
- “Gold Will Prove A Haven From Currency Storms” – OMFIF Study
- The State Oil Fund of Azerbaijan has withdrawn the first ton of its physical gold from JP Morgan vaults
- China's SHFE Gold contract gains 0.83%
Traders to lose heavily as India hikes gold import duties to 6% Posted: 21 Jan 2013 05:01 PM PST The hike in gold import duty in India is set to help smugglers push the precious metal and increase the price of gold by $13 per ten gram in the domestic market. |
India hikes import tax on gold by 50% Posted: 21 Jan 2013 02:59 PM PST The country raised the import tax on gold to from 4% to 6% on Monday, with the aim to curb purchases and rein in its ballooning current account deficit. |
USD/JPY With Room For Disappointment After BoJ Announcement Posted: 21 Jan 2013 12:46 PM PST By FXstreet: The dollar is mixed across the board on Monday as the week begins with trading subdued due to the U.S. holiday and a dominant cautious mood. The yen is a tad firmer as investors square positions ahead of the Bank of Japan policy announcement. Meanwhile, the pound remains on the back foot, having fallen to a fresh 2-month low of 1.5830 versus the greenback. The shared currency, however, has held pretty steady above the 1.3300 mark in the absence of news from the eurozone finance ministers' meeting. "In U.S. political developments, House Republicans are considering voting to raise the U.S debt ceiling for the equivalent of around three months. Should that extension be agreed to, it could allow for the current period of relative market calm to extend somewhat longer," says a Wells Fargo analyst. "Although FX trading remains somewhat uneven and the Bank of Japan meeting offers significant Complete Story » |
The Future Is Bright For General Electric Posted: 21 Jan 2013 11:58 AM PST By Osman Gulseven: By: Ahmed Ishtiaq General Electric (GE), the biggest U.S. conglomerate, has continued its rise through strong growth in its industrial arm. The stock showed considerable volatility over the past year. However, it ended the year with gains of almost 16%. The company has made a substantial recovery since the financial meltdown of 2008. After the meltdown, the company decided to focus on its industrial arm more and reduce its exposure to its financial arm. Looking at the performance of the company it is clear that the strategy is paying off and the company is making a solid recovery. Recently, GE announced its earnings and the company posted impressive figures. I believe the company is set to have even better 2013 due to the growth opportunities in the emerging markets. Let's look at the earnings and future growth opportunities of the company. Earnings Announcement GE recently announced fourth quarter Complete Story » |
Core Retirement Portfolio: 12 Dividend Aristocrats Yielding Over 3% (Part 2) Posted: 21 Jan 2013 11:33 AM PST By Parsimony Investment Research: If you are currently retired or getting close to retirement age, building a portfolio that generates stable income is probably your primary focus right now. In our opinion, one of the best ways to generate stable income is through dividend growth investing. Thankfully, this strategy is not rocket science and it is fairly simple for anyone to implement. Ideally, you want to build a portfolio of dividend paying stocks that have a track record of increasing their dividends every year. This way, not only are you generating stable income, but you are also able to maintain the purchasing power of your dollar (as long as your dividends are at least rising at the rate of inflation). What Is A Dividend Aristocrat? Each year, Standard & Poor's publishes its list of Dividend Aristocrats. According to S&P:
Complete Story » |
Strikes drag Gold Fields Q4 production down Posted: 21 Jan 2013 10:22 AM PST The lower production was largely the result of approximately 110,000 ounces lost during the prolonged and unprotected strikes at KDC and Beatrix mines. |
Gold and silver bullion are on the move Posted: 21 Jan 2013 10:01 AM PST The price movement of gold and silver often attract much attention. When prices make a noticeable increase, it regularly leads to perma-bulls calling for the next great explosion in precious metals. On the other hand, any dips or corrections lead to critics calling for an end to the 12-year bull... |
David Baker: gold miners should hold gold instead of dollars Posted: 21 Jan 2013 09:30 AM PST Episode 89: GoldMoney's Alasdair Macleod talks to David Baker of Baker Steel, a portfolio management firm with expertise in a variety of natural resources including gold and other precious ... This posting includes an audio/video/photo media file: Download Now |
An Inside Look at the Rapidly Escalating Physical Silver Shortage Via SDBullion Posted: 21 Jan 2013 09:25 AM PST *Updated On Thursday, we alerted SD readers to the fact that the US Mint had sold out of Silver Eagles, selling over 6 million ounces over the first 9 days of sales in 2013, and was shutting down sales and production of Silver Eagles through at least 1/28, and would ration sales of eagles upon [...] |
Pacific Group Becomes Latest Hedge Fund Converting Assets to Physical Gold Posted: 21 Jan 2013 09:21 AM PST gold.ie |
Posted: 21 Jan 2013 09:20 AM PST Goldmoney |
Online Payment Companies - Is The Threat From NFC Real? Posted: 21 Jan 2013 09:11 AM PST By Ed Liston: As the more tech savvy investors among us might already know, the payment card that we all are familiar with has a gold square on the front with a microprocessor chip embedded at its back. This is the card's contact, which allows the chip to connect with a reader. The other type of payment card is a contactless card that connects to a contactless-enabled reader when held within a few inches from it. Read more about it here. This new technology - Near Field Communication (NFC) - has all the makings of a potential threat to online payment service providers such as Visa (NYSE:V), Google (NASDAQ:GOOG) and eBay (NASDAQ:EBAY). There is a lot of information about NFC here and what I read set me thinking about the future of the multi-billion dollar credit card industry and to some extent, the online payment companies. Let me quote from Complete Story » |
Macroeconomics, Technicals And Seasonality - All Pointing To Higher Crude Prices Posted: 21 Jan 2013 09:11 AM PST By In the most recent December and during January, the market has been subtly hinting that inflation may become a problem in the coming months. Some, not so subtle hints, however, are suggesting that crude oil prices may experience a price spike before this summer. See the arguments and charts below for why I believe oil could reach $130 by summer. Macroeconomic Conditions Favor Inflation Between the creation of $85 billion of new money each month, rising U.S. interest rates, weakness in the U.S. Dollar, and much more economic activity from Europe and China, inflation seems imminent during the first half of this year. The TIPS bond, which is inflation indexed, has been continually rising since October, even outperforming standard treasury bonds on a relative basis. This means expected inflation is rising. Does expected inflation accurately predict actual, future inflation? Yes. In the chart below, which plots inflation expectations vs. actual Complete Story » |
My Generation Has Lost Its Energy Posted: 21 Jan 2013 09:00 AM PST In 2003 Peter Gabriel released Secret World Live on DVD. I'm not sure, but it may have been recorded in the mid 1990s. I consider it one of, if not the best rock and roll "performance," of all time. Yes, the music is sensational, but the entire production, the choreography, the dancing, the energy is off the charts. I never tire of it and when in Miami, it is on my large screen TV at least once a week. It is so uplifting! Check out this song and the energy he brings to the stage… Peter Gabriel – Shaking The Tree (Secret World Live HD) I also have Peter Gabriel's "New Blood," released in 2011. It's recorded in 3-D and is Gabriel's latest. Peter Gabriel – Red Rain (from "New Blood Live" DVD / Blu-Ray / 3D Blu-Ray) To watch New Blood after Secret World Live is an interesting experience. Gabriel has changed so much (aged) that if it weren't for his voice, you would not recognize him. Not only has he lost hair and gained a lot of weight, he lost all of his energy, the magic that was the foundation of his release in 2003. He hardly moves anymore, he just stands there in front of the mike and sings. After watching the video link I gave you from Secret World Live (Shaking the Tree) you will know what I mean. Why am I mentioning this in a "financial newsletter?" Because after thinking about the huge change in Gabriel's persona, it dawned on me that the same can probably be said about MY generation. People my age, and that certainly includes many of our readers, grew up in the 70s in the era of drugs, sex and rock and roll. That's when Gabriel first exploded onto the music scene, as one half of the Peter Gabriel/Phil Collins band, Genesis. Actually, I am eight years older than Gabriel, but we are of the same generation. Watching the latest Gabriel video, I can't help thinking that my generation has lost its drive and energy, so evident in the Vietnam era. We are the ones who rejected most of what came before. My wife even marched with women who burned their bras. We wanted to be free and our generation produced the likes of Bob Dylan who spoke for our generation (like his music or not, he was the poet laureate of our time). I went to school with him at the University of Minnesota in 1959-60. I heard him play at the local pizza parlor in Dinky Town, adjacent to the U. He sucked! My former partner, the "Franklin" in Miles Franklin, married Nancy Zimmerman, first cousin of Bob Zimmerman – aka Bob Dylan. Most of the kids I know who are in or graduating from college now have no spark. They are so dumbed-down by the crap they are fed in school and by the media and our politicians that they don't even realize that they should be upset and protesting. We give them an endless war on terrorism and an economy that does not offer most of them the unlimited opportunity that I had when I entered the work force, in 1964. They will soon feel the dual pressure of inflation and high taxes. It will be so hard for most of the young to get ahead. And my generation sits back and enjoys life, assuming they were able to set aside enough money. But we are no longer the leaders, those in front pushing for change and rejecting the crap that passes as truth. We haven't had an outstanding leader in this country for so long, it's hard to remember when it last occurred. We have given control to Wall Street, the large banks and the politicians that they own. Welcome to the new world in America – very, very rich or poor. What's left in between is a small fraction of the population and shrinking by the month. If you want to see how much we have changed, watch the two Peter Gabriel videos. Enjoy the music and recognize what we have lost. Hey, I've slowed down too (why not, I'll be 71 in March) but I still complain about what is wrong and try and help people do something about it – at least on a financial level. On a political level, forget about it. Our choices have been bad and worse for a long time now and no one, save Ron Paul, even offered a shred of hope to solve our REAL issues.
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Keiser Report: Welcome Home German Gold! Posted: 21 Jan 2013 08:49 AM PST In the latest Keiser Report, Max Keiser and Stacy Herbert discuss the currency war masquerading as a 'storage plan,' the Bond Kings threatening the gold repatriating Germany with having a Libya done to them, and the Mexican taco stand in Florida advising customers to invest in silver. In the second half of the show, Max [...] |
Gold, Silver And Money Near Crunch Time Posted: 21 Jan 2013 08:16 AM PST "…Oh! What a tangled web we weave When first we practice to deceive…" From Marmion, Canto VI, Stanza 17, Sir Walter Scott What does this have to do with gold and silver? Everything! We are in a trench warfare with central bankers, hellbent on destroying capitalism, sovereign nations, currencies, all in the service of achieving world dominance, via deception, letting nothing and no one stand in the way. The importance of gold and, to a lesser extent, silver are the Achilles Heel of the Bilderberg Clan's largest Ponzi scheme ever. Whatever one may think of the Mafia, they are bit players in contrast to the central banking clan, the most ruthless collection of individuals ever assembled. The Bilderbergers do not break legs or use baseball bats against their intended victims. No, they are far more sinister and lethal. They use money, instead. That's it?! That's all you got?! Yep. That is all they need. Never forgot those hauntingly and deadly accurate prophetic words of Meyer Amschel Rothschild: "Give me control of a nation's money, and I care not who makes the laws." Nathan A Bauer sure knew what he was doing. He also had his name changed to "Rothschild," German for red shield, a sign he hung over his coin store in the 1740s. Vanity plates have been popular for centuries. What Mr Bauer learned is that it was far more profitable to lend money to governments who wanted to finance their wars. The loans were not only bigger, they were more secure, backed by a nation's taxes. The dynamic secret of N A Bauer was that he loaned whatever the governments wanted, and demanded gold as payment in return of the debts. His basic game plan has not changed, but it has now reached its zenith. Control of the world's gold is at stake. [Charts are coming, we promise.] Deception runs center stage for the central bankers. The United States is a prime example. The US has been in bankruptcy since 1933, owned by its creditors. Who are those creditors? Central bankers, run by an unseen elite, like the Bilderberg Group. What do they control? The money of the world, and by extension, the world. Who elected The Basel Committee, the Bank of International Settlements, the International Monetary Fund, central bankers, including the US Federal Reserve? Answer: themselves. Did you ever vote for any of them? Do you know of anyone who voted for them? Do you even know who they are? Yet, they run the world via fiat currency lending, actually now reduced to computerized clicks on a keyboard. Need $200,000 billion? Click. Viola! What backs it? Nothing. Who owes it? Ostensibly, governments, but they just pass it on to their "constituents," people like you and me. What is demanded as payment? Gold, first and foremost. Despite central bank claims that gold is anathema to their fiat currency[s], that non-tungsten metal is what central bankers covet the most. What was the target for Greece, Ireland, Italy, Spain? Their gold reserves. "Sure, we will lend you whatever you need. Here is a blank check. Tell us what you want." When it is payback time, naturally, those countries are unable to pay back. In fact, they need more. "We will take your gold as payment." The Rothschild way, by design. Create non-existent money out of thin air and demand hard assets in return. When you run out of gold, we will bankrupt your country and take it over, as silent partners of course, vis-a-vis the United States, since 1933. Who are these people, again? No one you know, but they run your lives. Why do you think Germany and the European Parliament are pushing so hard for a unified Europe? The United States is their boiler plate model. Unify Europe under a single currency, then everyone will come under their thumb. Tick tock!
Leave it to a foreigner, and a woman, to describe the future course of the United States in a single, cogent paragraph. What an aside piece of irony that Alan Greenspan was once in her company, embracing her ideas, [and her, literally], a Gold-Bug, of sorts, that is before he went to the Dark Side of central bankers. They are after your gold, and it is getting near Crunch Time! The above prologue may not seem directly related to gold and silver, especially for those who do not pay attention to what is going on, globally, or fail to see the links between global events, the United Nations becoming more pervasive, but the struggle for gold's ownership is critically important to those who want to rule over your life. It is a form of wealth and independence. The New World Order hates independence. For the benefit of several of our foreign readers, "crunch time" is a reference to that period just before something important needs to be completed, and full effort is required to meet the pending deadline. Finally, to the charts. Whenever you see price locked in a trading range, TR, the farther it moves toward the Right Hand Side, [RHS], of the chart, the closer it is to reaching a resolve, hence the reference to crunch time. This is seen most clearly on the monthly and weekly charts. Regular readers know we assert that all known information is contained in the charts, and being able to read them is a distinct advantage. The best way to achieve that advantage is to learn to make distinctions contained in the charts from one day/week/month to the next. You can see how price moves farther along the RHS of the now 16 month TR. A resolve is not apparent at this point in time, given the location of current price, not near the upper or lower breakout area on the chart. Still, it is important to observe what is going on, looking for clues of change. One important change evident is how price is laboring as it moves lower, relative to the rally, and this will be better seen on the weekly chart. It is too early to draw a conclusion on a monthly chart, with almost two more weeks to go before month end, but we can make observations and see if/how they play out on the lower time frames. The month opened at 1676 and moved lower. The net low under the December low is not very great. This tells us the effort of sellers has been limited. After moving lower, price has rallied to the current high area of 1687. With the large degree of bullish spacing, we can reasonably expect to see more bullish behavior over bearish signs. The inability of sellers to move the corrective TR lower is one such indication.
The more detailed weekly allows for even more distinctions. The importance of making quality distinctions is a better read of what the developing market activity has to impart to any discriminating observer. The ones we see as pertinent start with the May through August smaller TR at support lows. For four months, sellers were simply unable to break the bottom barrier. When compared to the spike lows of September and December 2011, the smaller TR is a change of behavior worth noting. The breakout from the smaller range is a wide range bar up, strong close, and at the time, increased volume, all classic signs of strength, whatever the direction. Seven weeks later, price stops at resistance, to be expected in a TR. What next stands out is the relatively labored decline, mentioned on the monthly chart, 13 weeks, almost twice as long, in time, as the rally, and the correction did not come close to reaching the lower support TR. The clustering of closes for four weeks can mean a resting area, prior to resuming the preceding direction, or it can lead to a turnaround. It turned out to be the latter, at least for now. The clustering also stopped at/near the breakout bar of last August. Markets are continually testing and retesting previous support/resistance areas. As in life, there are no accidents in the markets.
Ratcheting the focus more so, using the daily chart, we see the high/low of the mid-August 2011 breakout bar, and we extended horizontal bars to the right as potential future support if price were to retest it. That retest evolved from December into January, and we are now able to see even more distinctions. We start with volume at A and B. The volume and price bar at "A" relate directly to the established low from late December. It says quite a lot. First, note the decline from the last swing high, two days earlier. It is a quick and sharp drop, telling us sellers have buyers on the defensive. But… Note the location of the close: it is just above mid-range the bar. For all the evidence that sellers were in control, the close says otherwise. What makes the message of the close critical in content is the sharp increase in the level of volume. Large volume increases tell us there is a lot of activity going on, many times denoting a possible change of risk, from weak hands into strong hands. Price broke hard and fast, but held, and held strongly. Relating this activity back to December, it was a price probe under that low, and we learn important pieces of market information from it. The 4 January failed probe lower tells us that any sell stops under the December support low were wiped out, and more importantly, there was no appetite for sellers to press price lower. Their energy was spent. What followed was a controlled rally leading us to last week, and volume/price bar "B." Last Thursday's rally was a wide range, high-end close bar and on very strong volume. Volume is the driving energy behind any market move. The two highest recent volume bars carried price upside, a sign of market intent. We see remaining layers of overhead resistance, and how price reacts/responds to them will give yet more market insight. Looking at the location, still at the lower register of the TR, gold needs to show continued positive market activity to sustain the current rally. For now, central bankers and talk show lackeys may say that one cannot eat gold. At some point, they will eat those words. We took a probe to the long side of gold on Thursday's strong bar.
Silver, step-child to gold, has enormous upside potential. The bullish spacing is not as great as gold's, and gold remains relatively stronger. We treat it separately but view it as an equal alternative. There is the same, more labored decline relative to the previous rally, a positive sign, especially where current price is, for now, showing a degree of strength after a four week drop.
So similar to the gold analysis, it would belabor the point to repeat what has been stated.
The good thing about the gold analysis is that it allows a short-hand version for silver, due to the close similarities. One slight difference is the stopping activity in silver on 20 December. Volume increased sharply. Here is another look at how high volume is a likely sign of risk transfer from weak hands into strong. While the range down was large and the close weak, indicating sellers in total control, it was volume that warned of a potential red flag. Price stopped dead, and so did the effort of the sellers. The stopping point was also from a previous support area, noted. This is how the market "speaks" to everyone who wants to take note. We see a similar failed probe lower with a higher end close on a sharp volume increase, another market message. These are the distinctions of which we spoke, earlier, for they lead to likely conclusions for understanding market direction. What they do is decrease risk exposure, removing "guesswork," "gut-feel" decisions. It is much better to base any market decision[s] on facts over guesses/gut-feels, both proven to not work, over time.
While gold has been relatively stronger than silver, silver's rally over the 3 January swing high was much strong than gold's performance. We also took a long position in silver, based upon the strong market indicators of that day. We remain very bullish on gold and silver as both remain in respective trading ranges. Continue buying the physical for both metals as a "wealth accumulation" move. To anyone questioning the decision to buy, or not, which would you rather own, given a proven history that ALL fiats fail? Rock breaks scissors, and paper covers rock, but the cover is merely packaging for the shiny stuff contained within, and the paper gets thrown away.
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SLV ETF Adds 571 Tonnes Of Physical Silver To Its Holdings Posted: 21 Jan 2013 08:13 AM PST Earlier this week, BlackRock reported that they added 571.63 tonnes (183,378,092 ounces) of new physical silver backing to their popular silver ETF iShares Silver Trust (SLV). That is the largest one day addition since December 31, 2007. The bullion is held by the trust's custodian in London. The next chart shows that the amount is exceptionnally high (chart courtesy Zerohedge). The following chart shows how the SLV metal holdings peaked end of April 2011 together with the silver spot price (chart courtesy GotGoldReport).
The key question is why the ETF is adding such a large amount of physical silver. The truth is that we do not know exactly, so we went out for some opinions.
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Three Junior Gold Miners With Big League EPS And Sales Growth Posted: 21 Jan 2013 08:11 AM PST This article was submitted by Marcus Holland from the online trading website, FinancialTrading.com. In the junior miner group of the gold sector, there are a montage of factors at play in determining the most compelling buy. Brigus Gold Corp. (AMEX: BRD), DRDGOLD Ltd (AMEX: DRD), and Primero Gold Corp (NYSE: PPP) are attractive for a variety of features. The gold industry is not noted for companies that have strong financial statements. But Brigus Gold Corp. DRDGOLD Ltd, and Primero Gold Corp all have very health price-to-earnings (PE) ratios, which is a critical measure. As the table below shows, the PEs of these stocks compare favorably with those of much larger entities in the gold sector. Brigus Gold Corp. In addition to a stronger price-to-earnings ratio, Brigus Gold Corp, based in Canada, has a very favorable earnings-per-share (EPS) trend. For this year, the EPS growth for Brigus Gold Corp. is rising by 116.67%. Next year, the EPS for Brigus is projected by analysts to increase by another 38.46%. That is a very bullish trend as the EPS growth for Brigus as for the last five years its EPS growth was a negative 27.80%. Sales growth for Brigus is also vectoring in a positive direction. For the past five years, sales growth averaged 47.83%. On a quarterly basis, it is now surging by 56.78%. Combined with the improving EPS growth, that is a powerful combination. DRDGOLD Ltd Headquartered in South Africa, DRDGOLD Ltd presents much the same earnings-per-share growth and sales growth for investors as does Brigus Gold. This year, earnings-per-share growth is higher by 224.10%. The analyst community estimates that it will rise by another 50.90% next year. For DRDGOLD Ltd, sales growth is now at a quarterly pace of 17.17%. For the last five year, sales growth rose by just 0.70%. As with Brigus Gold, there is a very appealing tandem. Financialtrading.com that focusses on day trading tips considers DRDGOLD to be a strong buy. The Speed Retirement Hyper-Compounding Strategy Primero Mining Corp Primero Mining Corp, another Canadian miner, has EPS growth of 61.27% this year. For the next year, it is projected to increase by 32%. While still making money, sales growth has been off for Primo Mining Corp. The Presence of Debt is Bullish Many small cap companies are shut out of the credit markets. No one will lend any money to those firms as the chances of repayment are simply too remote. But Brigus Gold Corp, DRDGOLD Ltd, and Primero Mining Corp. all have a modest level of debt:
Even more bullish for these companies is that much of the debt is long term, further evincing the confidence of lenders that these firms will around. Even More Bullish is the Profit Margin Lenders, and investors, can take comfort in the fact that each of these junior miners makes money:
At such low prices, about $7.95 for DRDGOLD Ltd, around $6.40 for Primero Mining Corp, and under $1 for Brigus, these junior miner stocks are worthy of consideration for rounding out a portfolio to allow for exposure to the gold sector of commodities with profitable entities that have sales and EPS rising. Gold Report Sign Up Below
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Knock knock! Who's there? Silver. Silver who? Posted: 21 Jan 2013 07:47 AM PST First there was a knock at the door. Then there was the "knock-on effect." It's similar to the "Rock On!!" effect often yelled out at R.E.M. concerts… just the modern monetary theory version of the same idea. If you're prepared to "Knock-On!" the … Continue reading |
Gold "holding its own," but futures market "not looking particularly confident" Posted: 21 Jan 2013 07:47 AM PST Gold could climb to $1,825 an ounce over the next three months, according to a note from Goldman Sachs analysts Damien Courvalin and Alec Phillips. |
India again hikes Gold import duty to 6% Posted: 21 Jan 2013 07:33 AM PST India wants to reduce gold's share of its import bill from 11.5 percent -- the second-highest outlay after oil. |
An Inside Look at the Rapidly Escalating Physical Silver Shortage Posted: 21 Jan 2013 07:09 AM PST On Thursday, we alerted SD readers to the fact that the US Mint had sold out of Silver Eagles, selling over 6 million ounces over the first 9 days of sales in 2013, and was shutting down sales and production … Continue reading |
India Gold production up 2.2% to 137 kg in Nov 2012 Posted: 21 Jan 2013 07:06 AM PST India also produced 2061 carat of diamonds,lower by 17.6 percent from October, during the period. |
GATA Board Member Adrian Douglas Dies Posted: 21 Jan 2013 07:00 AM PST It is with heavy hearts that we report that GATA member, and gold and silver champion Adrian Douglas passed away Thursday, succumbing to a year year battle with cancer. GATA's statement on Douglas' passing is below: Dear Friend of GATA and Gold: GATA Board of Directors member Adrian Douglas, whose statistical research documented gold [...] |
The mystery behind the Bundesbank's gold Posted: 21 Jan 2013 06:41 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. The whole exercise is a public relations stunt. |
Gold, Silver, Fiat Money and the End of the Dollar Reserve Posted: 21 Jan 2013 06:35 AM PST Andy Hoffman interviewed with the Daily Bell on Sunday to talk about the state of the world economy. Read the full interview at The Daily Bell: Andy Hoffman on Gold, Silver, Fiat Money and the End of the Dollar Reserve Similar Posts:
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Weekly Metals, Oil, Dollar and Index Price Analysis Posted: 21 Jan 2013 06:33 AM PST US stock market is closed today for Martin Luther King, Jr. Day. I do not expect much price action to take place on the Canadian or futures market today. Pre-Market Analysis Points: - Crude oil is trading lower by -0.50% but remains in a strong uptrend and bull flag. $97-$98 looks like the next upward thrust target. – Natural gas is trading higher 0.87% touching our upside target of $3.60 this morning. It could keep climbing to $3.70 which is the next target but it looks as though its ready for a pause. – Gold and Silver are trading flat. Last week they held up at resistance but have yet to breakout. They could do it this week but until we the trend shifts with volume to support the move and miners to also show strength I will remain on the sideline. – Bonds are trading flat and giving off mixed signals much. The 60 minute chart is bullish with a bull flag, while the daily chart is bearish. – SP500 index remains in a bull market grinding its way higher each week without a decent pausepullback to get long. Technically we could see a 3-4% pullback any day and the market would remain in an uptrend. Chris Vermeulen – www.TheGoldAndOilGuy.com |
Posted: 21 Jan 2013 06:27 AM PST Finance Least-Trusted Industry for Third Year in Edelman Survey I love the way 'Keiser Ethical Silver' feels. |
Repatriation Avalanche Gaining Momentum: Azerbaijan to Withdraw All Gold From JP Morgan Vaults Posted: 21 Jan 2013 06:21 AM PST The State Oil Fund of Azerbaijan has withdrawn the first ton of its physical gold from JP Morgan vaults, and placed it in their own Central Bank vaults in Baku. The Fund has announced it will withdraw all of its physical gold assets from JP Morgan warehouses in London. The game of musical chairs known [...] |
Posted: 21 Jan 2013 06:19 AM PST Another respected hedge fund, the Pacific Group, has decided to convert one third of its hedge-fund assets into physical gold. The Pacific Group Ltd., which manages over a $100 million worth of assets, believes that gold will continue to rise as governments print more money to pay off debt, according to Bloomberg. Thus, continues the [...] |
Silver production drops sharply in Azerbaijan Posted: 21 Jan 2013 05:49 AM PST Total precious metals production during 2012 amounted to 2,188 kg (221.8 kg in December) that was less than their extraction for 2011 by 26.9%. |
Central banks: flush with paper money; low on real money Posted: 21 Jan 2013 05:15 AM PST The Gold Money Index, created by James Turk, is a simple but logical formula. It treats central bank gold reserves as international money - the world's true and only reserve currency, if ... |
“Gold Will Prove A Haven From Currency Storms” – OMFIF Study Posted: 21 Jan 2013 05:03 AM PST gold.ie |
Posted: 21 Jan 2013 04:23 AM PST Repatriation Avalanche Gaining Momentum: Azerbaijan to Withdraw All Gold From JP Morgan Vaults |
China's SHFE Gold contract gains 0.83% Posted: 21 Jan 2013 03:17 AM PST Analysts said China's gold import's through Hong Kong for the year 2012 alone are expected to reach 800 tonnes, which is twice the country's 2011 imports. |
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