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• Here are the latest thoughts from the legendary Doug Casey
• Top fund manager reveals a shocking statement from inside the Obama administration
• This could be the No. 1 reason to be bullish on commodities now
• Continuous Commodity Index Rises - So does Silver
• Gold imports soar in India as wedding season approaches
• Silver investing and the sanctity of savings
• Indian govt. hoping to impose 10% duty on Thai gold jewellery imports
• In a market headed for disaster, what are the best moves to make?
• Silver’s Up 675% Since 2001; Here’s Why It Will Go Higher
• Murphy also stated that JP Morgan is hitting the wall with regards to silver supplies, and that gold and silver prices are set to explode
• Gold lacklustre awaits FOMC statement
• Bill Murphy: Gold Cartel Unleashing Financial Market Terrorist Attacks on Gold & Silver!
• Jeff Thomas: The disappearing gold
• German Gold Repatriation Is Victory For Transparency And GATA
• Midas Touch Gold and Silver Update
• Gold outlook "bearish in short term" as Fed meeting looms
• Burma's raw Gold returns in pure form from China
• US Mint Restarts Rationed Silver Eagle Sales, Reports a Record 7.13 Million Sold in January!
• Backwoods Jack is Back – For the Last Time
• Taiwan Strikes Self-Inflicted Blow In Currency War!
• Past & Future Speculative Bubbles – What They Indicate for Gold and Silver’s Coming Speculative Mania!
• Past & Future Speculative Bubbles – What They Indicate for Gold and Silver's Coming Speculative Mania!
• A history of gold: The Royal mint and Gold Made Simple infographic
• Gold hurt as downside momentum accelerates
• Vietnam banks told to settle Gold loans by June this year
• Docs Deal of the Day: Silver Bullet Silver Shield Freedom Girl!
• All Star Round Table Discussion on Gold
• Gold Outlook “Bearish in Short Term” as Fed Meeting Looms, But “Growing Global Liquidity Makes Long Term Outlook Bullish”
• Bank Run in Progress? Massive $114B Withdrawn From 25 Largest US Banks First Week of January!
• Gold price bounces off support to trade back above the 200 daily moving average as RBS faces criminal charges over Libor scandal
• Why are central banks buying gold, the opposite of their own creation, paper money?
• Safe havens assets under pressure as Gold, Silver fall
• Centerra Gold in trouble again in Kyrgyzstan
• India January Gold imports seen at 75 tons
• Russian Gold Reserves Up 8.5% In 2012 - Palladium Reserves “Exhausted”
• Former Fed and Treasury official endorses transparency for gold swaps and leases
• Jeff Clark...Casey Research...Two Chess Moves Away from Capital Controls
• Alasdair Macleod: Bank of England gold -- the doubts remain
• Chris Martenson interviews James Turk about the central bank war against gold

Here are the latest thoughts from the legendary Doug Casey Posted: 29 Jan 2013 01:26 PM PST From The Gold Report:   Doug Casey's new book is entitled "Totally Incorrect," and, true to form, the chairman of Casey Research doesn't mince words. "Most Europeans believe the state owes them a living; the society is corrupt through and through." "Government acquires income by theft." "Nobody reads a book from the classical era in school; it's now mostly committee-approved pabulum." Casey considers speculation in gold and silver junior miners and holding physical gold among the correct moves investors can make to protect themselves in a market headed for disaster. In this Gold Report interview, hear the world according to Doug Casey.    The Gold Report: Doug, you have a new book out called "Totally Incorrect: Conversations with Doug Casey." In one of those incorrect conversations with Louis James you said, "It's not the U.S. economy that's facing a fiscal cliff, it's the U.S. government. People equate government with the economy. They are entirely two different things. The only way to revitalize the U.S. economy is through both vast reductions in taxes and vast reductions in government spending. Instead, these idiots are arguing over how much to raise taxes and how little they can cut spending." Now that we have avoided parts of the fiscal cliff and delayed addressing other parts, what are your observations?   Doug Casey: Nothing has changed. I am amazed to read about what is called a trillion-dollar platinum plan to get around Congress having to raise the debt ceiling. It's actually quite comical that some people are talking about it as a solution; it's Three Stooges economics.   My only question is: Why not make it a $10 trillion coin? That would solve the problem for several years, and release the government from even the fictional restraints on spending it now has. Actually, let's do $100 trillion; why deal in half measures?   It's all a ridiculous charade at this point, the precisely scripted Kabuki theater between the left and right wings of the Demopublican Party. The ending of the ridiculous drama is totally predictable.   The point is that...   Read full article...   More from Doug Casey:   Why Doug Casey is worried about gold   Doug Casey's 10 best tips on speculation... and life   Doug Casey: Something has changed in America... And almost no one has noticed

Top fund manager reveals a shocking statement from inside the Obama administration Posted: 29 Jan 2013 01:26 PM PST From InfoWars:   Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit.   The answer shouldn’t surprise you.   When I asked a senior member of the Obama administration last week, "How are we going to grow exports if we won't allow nominal wage deflation?"   He says, "We're just going to kill the dollar."   That worried me...   Read full article...   More on the U.S. dollar:   Ron Paul: The only way the dollar can remain the world's reserve currency   Pimco's Bill Gross: U.S. "debt addiction" could crush stocks, bonds, and the dollar   Casey Research: What you need to know about gold, the dollar, and the euro

This could be the No. 1 reason to be bullish on commodities now Posted: 29 Jan 2013 01:26 PM PST From Frank Holmes of U.S. Global Investors:   During the current commodity supercycle, there have been occasions – too many to count – when investor psyche has been damaged by reports about slowing U.S. growth, a hard landing in China, or a debt crisis in Europe. Yet just behind the gloom, significant and positive trends are taking hold, causing the storms to start dissipating.   I often say that government policies are precursors to change, which is why we follow the monetary and fiscal actions closely as they can have a significant impact on asset prices.   You have to go back about 16 months when Brazil kicked off the latest global easing cycle by cutting interest rates by 50 basis points. Since then, many developing countries such as the Philippines, China, and Colombia, as well as developed nations of Japan, the European Central Bank, the U.S., and the U.K. have joined forces in a world-wide synchronized stimulation of the economy.   Last summer...   Read full article...   More on commodities:   Gold could be quietly "showing its hand" before its next big move   A surprising side to the U.S. shale energy boom you've probably never heard   Some of the world's best-known precious metals experts share their all-time best advice

Continuous Commodity Index Rises - So does Silver Posted: 29 Jan 2013 12:49 PM PST Silver continues it pattern of mirroring the movements of the Continuous Commodity Index ( CCI ). Today was one of those "Let's buy Commodities" Day by the hedge funds, especially in the Crude Oil and Metals markets (Palladium, Platinum, Copper). With the Dollar lower, it was the return of the "RISK ON" trade and thus recent short sellers in silver were pushed out as some fresh buying was taking place. From a technical chart perspective, silver managed to return above broken support at the $31 level. Where it goes from here is anyone's guess. If the "Buy commodities" theme continues, silver will rise. If money flows reverse or slow into the sector, then sillver will move lower again. It really is that simple. Volume of trades below the $31 level dried up and seemed to pick up a bit today when silver pushed above $31.25. From what I can see on this chart, if silver prices drop back below $31.10, it will probably move lower and retest yesterday's low. If it can push past $31.80 on the topside, it should revisit $32.25. We will just have to watch. Take a look at the following chart of the CCI and again compare it to the Silver chart. See how closely the two track each other. It is quite remarkable. Following is a chart of the US Dollar, which is stuck in a broad coiling pattern. It is encountering selling up towards 81 and buying down towards 79. I believe that were it not for the persistent weakness in both the British Pound and the Japanese Yen, that this particular Dollar index would have already broken down to the bottom. Those two particular currencies TOGETHER make up 1/4 or 25% of the value of the index and have both been dropping quite hard. Here is another chart detailing the GOLD/CRUDE OIL ratio (note that I am using WTI and not Brent). As you can from the chart, gold has basically been losing ground against crude oil since late last year. This ratio is currently trading near 17 to 1. For now, inflation fears from a steadily rising crude oil price ( it is up above $97 today and looks to make a run towards $100) are not concerning the gold market. The HUI is attempting to hang onto a key chart support level at the 400 level. As I mentioned on both the KWN Weekly Metals Wrap and in a separate post here on the site, this key mining sector index has not had a MONTHLY CLOSE BELOW the 400 level in three years. It has spiked below this level but on all occasion since then, it has managed to climb back over the 400 mark. Tomorrow is the end of the month so I am going to be paying very close attention to what it does. Bulls will not want to see this index close below 390. Lastly, the S&P 500, the bubble that keeps on expanding, is now trading above the 1500 mark and looks as if it is now heading to 1530. It is takes that out, it is going to retest the ALL TIME HIGH. How do ya like those Federal Reserve officials and their skill at blowing one bubble after another. Are they good or what!

Gold imports soar in India as wedding season approaches Posted: 29 Jan 2013 12:20 PM PST Gold traders purchased the bulk of imports in the first three weeks of January, ahead of the import duty hike that came into effect on the 21st.

Silver investing and the sanctity of savings Posted: 29 Jan 2013 12:11 PM PST A basic issue with silver investing for many people is that the actual metal is scarce, valuable and increasingly vulnerable to explicit and implicit confiscation.

Indian govt. hoping to impose 10% duty on Thai gold jewellery imports Posted: 29 Jan 2013 12:01 PM PST Given the 10 fold increase in gold jewellery imports in the first nine months of the current financial year, India is looking to hike the duty levied on Thailand imports

In a market headed for disaster, what are the best moves to make? Posted: 29 Jan 2013 11:28 AM PST Doug Casey considers speculation in gold and silver junior miners and holding physical gold among the correct moves investors can make to protect themselves.

Silver’s Up 675% Since 2001; Here’s Why It Will Go Higher Posted: 29 Jan 2013 11:15 AM PST As I have written in these pages before, I expect silver prices to outperform gold prices in the years ahead. That opinion hasn't changed. As gold prices started their flight upwards back in 2002, silver prices followed a similar pattern. Below is a price chart of monthly silver prices since 2001—when gold was trading just [...] Check out these similar articles: Dollar Gold "Decidedly Bullish", Targets $2400 by Mid-2013 as Indian Demand Turns Higher James Turk Revises His $8,000 Gold Target: "I now expect Gold to go higher Than $8,000″ Buffett's Gen Re Sees "Tendency To Higher Gold Prices"

Murphy also stated that JP Morgan is hitting the wall with regards to silver supplies, and that gold and silver prices are set to explode Posted: 29 Jan 2013 10:09 AM PST Bill Murphy: Gold Cartel Unleashing Financial Market Terrorist Attacks on Gold & Silver! Murphy stated that the waterfall gold and silver smashes on the COMEX open that SD readers are familiar with are terrorist attacks on the price of gold … Continue reading →

Gold lacklustre awaits FOMC statement Posted: 29 Jan 2013 10:01 AM PST PM Abe continued on his relentless assault on the BOJ and today he repeats his request for the bank to act on the 2% inflation target. In addition, he mentioned that the fiscal spending will not be forever and that once growth and inflation is attained then raising taxes will be viable.

Bill Murphy: Gold Cartel Unleashing Financial Market Terrorist Attacks on Gold & Silver! Posted: 29 Jan 2013 09:56 AM PST Bill Murphy Founder of GATA sat down with Bridgitte Anderson during the Cambridge House Vancouver Resource Investment Conference. Murphy stated that the waterfall gold and silver smashes on the COMEX open that SD readers are familiar with are terrorist attacks on the price of gold and silver!   Murphy states that the cartel's financial market [...] Check out these similar articles: Bill Murphy- 'JP Morgan Is FINISHED! JPM Silver Scandal Will Rival LIBOR!' Bill Murphy & Chris Powell's Full Presentation on Gold Manipulation at 2013 VRIC Bill Murphy: JPMORGAN to IMPLODE- SILVER SCANDAL REVEALED

Jeff Thomas: The disappearing gold Posted: 29 Jan 2013 09:54 AM PST GATA

German Gold Repatriation Is Victory For Transparency And GATA Posted: 29 Jan 2013 09:50 AM PST gold.ie

Midas Touch Gold and Silver Update Posted: 29 Jan 2013 09:48 AM PST Midas Touch

Gold outlook "bearish in short term" as Fed meeting looms Posted: 29 Jan 2013 09:33 AM PST Wholesale Gold Bullion prices climbed back above $1,660 an ounce Tuesday morning, broadly in line with where they ended last week, as stocks and commodities fell slightly and the dollar ticked higher against the euro ahead of tomorrow's interest rate decision from the U.S. Federal Reserve.

Burma's raw Gold returns in pure form from China Posted: 29 Jan 2013 09:16 AM PST Raw gold from Burma continued to flow out to China only to reenter the country to cost more than global prices, according to Myanmar Gold Entrepreneurs Association.

US Mint Restarts Rationed Silver Eagle Sales, Reports a Record 7.13 Million Sold in January! Posted: 29 Jan 2013 08:49 AM PST The US Mint restarted Silver Eagle sales via allocation/ rationing Monday, and has just updated their month-t0-date sales totals. Despite 2 production shutdowns in January, the US Mint has sold a record breaking 7.13 million Silver Eagles in only 10 business days in January, shattering the previous monthly record set in 2011!     Silver [...] Check out these similar articles: January US Mint Silver Eagle Sales Pass 6 Million, Mint Suspends Sales, States Eagles Are SOLD OUT!! Record US Mint Silver Eagle Sales Continue, Mint On Pace to Sell 15 Million Silver Eagles in January! 2011 US Gold Eagle Mint Sales Hit 1 Million Ounces, Silver Eagle Sales Near 40 Million

Backwoods Jack is Back – For the Last Time Posted: 29 Jan 2013 08:30 AM PST Tweet READ THE FULL NEWSLETTER This afternoon, my wife Susan received a phone call from Dublin Rarities.  The salesman introduced himself to Susan and proceeded to try and sell her rare coins.  Susan said, "Do you know who you are talking to?  My husband owns Miles Franklin."  The salesman replied, "They're crooks."  Then he hung up.  I tell you, there are so many scumbags in our un-regulated industry.  If you want to see what these kind of companies are all about, check out their websites.  You need to own gold and silver, but please be careful whom you deal with.  This truly is a "buyer-beware" marketplace. We always tell our clients to do their due diligence.  Check out companies on the Better Business Bureau website.  Miles Franklin has maintained it's A+ rating and has zero complaints registered with the BBB. Living just north of Miami, maybe 15 miles or so, this video hits close to home.  It also makes a mockery of some of the following comments from Backwoods Jack, who accuses me of bringing up the possibility of civil unrest, here in the US.  Check out the video and continue reading about the latest Backwoods Jack saga. In The News Today January 28, 2013, at 8:04 pm by Jim Sinclair Jim Sinclair's Commentary A training exercise between the Miami Police, and attack military helicopter using live fire. Now exactly what enemy are they planning to kill in Miami, those damn conservative Snowbirds? Machine gun fire from military helicopters flying over downtown Miami Fl. Backwoods Jack is back – and more out of touch than ever.  Out of the blue, after reading my Friday newsletter, featuring some wonderful advice by Jim Sinclair, Backwoods sent me the following email: Had dinner last evening with a friend, Chairman of the Board of one of the largest banks in the U.S.   He says the next 18 months will show steady growth in our economy and your doom and gloom forecasts are invalidated. The Dow Jones will continue to grow whereas, my son, Backwoods III, claims, as does everyone else in finance, that Richard Russell's 20-year prediction that the DJA and Gold will someday be1/1 is laughable. "Someday" is the annual "pushback," that your gold contemporaries feed upon. Why hasn't gold soared as predicted for years, with turmoil in the Mideast? The classic answer for years has been "manipulation," but no boards of inquiry have proven this to be true. I fear you are being led down the wrong path.  Other forces will cause a rise in gold and silver without the "manipulation" factor."   He followed it up with, "My son Backwoods III is not opposed to gold and silver at all.  He's opposed to all the gloom and doom forecasting continually for the past ten years and yet strangely, collapse has not occurred. Thus, it seems to be a phony scare tactic to promote sales, which he and most others in his financial world regard as laughable. He has around 50 brokers in every major city in the US and is continually in contact with them.  Of course there will be riots like east St. Louis, for example, and probably in other cities as well, when entitlements are cut back, but empty food shelves, no gas or water, or electricity falls under the category of "fear mongering" As your friend, I urge you not to believe all the "BS" that  you read. Why do I bother to reprint this line of thinking?  Because Backwoods is the essence of the way most mainstream-informed American's think. I foolishly took it upon myself, as a friend, to "educate" him so he could understand what is occurring and where we are headed.  I have sent him so much information, over a decade, populated with honest real-world facts from the Richard Russells, Jim Sinclairs and John Williams of the world – not to mention my newsletter, that it could fill up his office library.  On a personal level, for two years I managed his portfolio and made him over $2.5 million!  Then he sold it all and decided to take the advice of others.  It didn't exactly work out too well. Why do people like Backwoods delight in attacking the voices that are trying to help them?  They gloat over the fact that the economy has not collapsed (yet) and shortages, riots and hyperinflation have been held at bay, and conclude that therefore we are terribly mis-guided.  Now it would be one thing if Backwoods was stupid, which he is not, or if he wasn't exposed to our side of the story, but he has been for over 10-years.  He made a great deal of money following my advice and has witnessed, first hand, how accurate my views have been.  But he continues to "put words in my mouth," to attribute time-lines to doom that I have never made, and is certain that the views he solicits from main street bankers and his Ivy League educated and Wall Street nurtured son feed him are correct – and I have a screw loose.  Being well past the point of "Political Correctness," I told him, "I don't give a good @#$%! what you son thinks!"  Of course he disagrees with what WE believe.  He sells dollar-denominated investments.  He says we promote fear to make a sale.  Fact is, he promotes pie in the sky and dollar stability to sell his products!  Talk about the pot calling the kettle black! I should just ignore it, and as Mr. T says, "Pity The Fool," but I can't help but take these comments very personally.  He insults me, and those I revere and tries to soften it with, "As your friend I fear you are being mis-led."  Funny, that's exactly how I feel about him.  One day he calls me and admits "You've been right."  He is correct.  Yes I have!  The next day I get more of the kind of crap he sent to me the other night.  This was just one-time-too-many and I told him I'm done!  I will no longer send you ANY financial information.  In fact, I told my editor to take his name off of our mailing list.  I'm wasting my time on someone who will never be open minded nor accept the facts!  And that can be said for most of the people we know.  We can preach to the choir but it just doesn't work when we try and educate newbies.  Friends, family, and acquaintances – most of them think we have a screw lose, or as Backwoods often says, we are just "wingnuts."  I bet that was said about The Boy Who Cried Wolf too.  I understand – Backwoods came from an ultra-rich, conservative mainstream background.  These people will never come around.  Good luck Jack, you're absolutely gonna need it, and please don't come crying back to me saying, "You were right."  From now on, you are on your own. PS: If I'm wrong and go down with the ship, it will be with a big heavy bag full of gold and silver!  But I won't be wrong, and as Jim Sinclair said: Gold will trade at and above $3500 and no manipulator, private or public, can stop it. Gold is not for the weak, but then the weak will not survive this crisis in Western finance trying to be hidden from view with every possible public relations weapon. For all the bears communicating with me tonight, you are totally wasting your time.  And that especially applies, in my case, to still-my-friend, Backwoods Jack, even though he makes a habit of insulting me! Similar Posts: WATERSHED EVENT: Bundesbank Wants Its GOLD Back! The World Calls the FED's Bluff: Give Us Our GOLD Back! AND the $43 TRILLION Bankster Lawsuit Fifth Anniversary of DOW's All-Time High

Taiwan Strikes Self-Inflicted Blow In Currency War! Posted: 29 Jan 2013 08:24 AM PST Taiwan dollar facing mounting depreciation pressure The Taiwan dollar has come under strong pressure to depreciate amid a depreciation war among Asian currencies that was sparked by Japan's move to drive down the value of the yen, analysts said Monday.

Past & Future Speculative Bubbles – What They Indicate for Gold and Silver’s Coming Speculative Mania! Posted: 29 Jan 2013 07:49 AM PST Bubbles start slowly and then accelerate to unsustainable highs (on large volume) that are largely created by greed and fear but not fundamental evaluations. Bubbles generally follow the "Pareto Principle" where approximately 80% of the price move occurs in the … Continue reading →

Past & Future Speculative Bubbles – What They Indicate for Gold and Silver's Coming Speculative Mania! Posted: 29 Jan 2013 07:30 AM PST Submitted by GE Christenson, DevientInvestor.com Bubbles start slowly and then accelerate to unsustainable highs (on large volume) that are largely created by greed and fear but not fundamental evaluations. Bubbles generally follow the "Pareto Principle" where approximately 80% of the price move occurs in the LAST 20% of the time. Assuming the 80/20 "rule" and [...] Check out these similar articles: Coming Speculative Mania in Silver Will Dwarf Nominal Highs, Set New REAL High Jeff Christian Monday: No QE3 Coming, Gold & Silver to Crash As Rally Has Been Based on 'Speculative Fluff' The Future of Farmland in a World of Financial Fraud and Safe Haven Bubbles!

A history of gold: The Royal mint and Gold Made Simple infographic Posted: 29 Jan 2013 07:28 AM PST Gold Made Simple and the Royal mint have teamed up to produce a history of gold Infographic. Tit-bits include: The Royal mint is the UK's oldest manufacturer established some 1000 years ago The first... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Gold hurt as downside momentum accelerates Posted: 29 Jan 2013 07:18 AM PST Late Monday-issued EW wave analysis noted that gold closed lower for the fourth straight session on Monday and that daily momentum was pointed "firmly lower" but that hourly momentum was diverging a bit.

Vietnam banks told to settle Gold loans by June this year Posted: 29 Jan 2013 07:14 AM PST However, analysts said it will take nearly four years to clear all the outstanding loans in gold as most of the credit contracts were signed before the Gold Decree were all long term up to ten years.

Docs Deal of the Day: Silver Bullet Silver Shield Freedom Girl! Posted: 29 Jan 2013 06:34 AM PST Doc's Deal Of The Day 1oz Silver Bullet Silver Shield Freedom Girl   *NEW Silver Bullet Silver Shield Launch! As Low As $2.99 Over Spot!! CLICK HERE OR CALL 614-300-1094 TO ORDER!! ANY SILVER PURCHASE OF 100 OUNCES OR MORE WILL EARN YOU 100 SD OUNCES (POINTS) TO REDEEM TOWARDS ITEMS FROM THE SD STORE!! [...] Check out these similar articles: 1oz Silver Bullet Silver Shield Trivium Medallion Only $2.99 Over Spot!! SDBullion Deal of the Day: Free Shipping On All Orders Over $5,000.00!! Doc's Deal of the Day: 90% Silver As Low As .79 Over Spot!

All Star Round Table Discussion on Gold Posted: 29 Jan 2013 06:32 AM PST Tweet A roundtable discussion with Bix Weir of RoadtoRoota.com, Miles Franklin's Ranting Andy Hoffman and Bill Murphy of GATA.com.  This two part discussion mediated by Elijah Johnson of Unconventional Finance: Does Germany's GOLD NOT EXIST? – Silver All Stars – PT 1   SECRETS of Gold Manipulation EXPOSED – Silver All Stars – PT 2 Similar Posts: Four Part Round Table Podcast Hold PRECIOUS METALS for ECONOMIC CHAOS – Pt 2 – Silver All-Star Panel Government Silver Manipulation Exposed

Gold Outlook “Bearish in Short Term” as Fed Meeting Looms, But “Growing Global Liquidity Makes Long Term Outlook Bullish” Posted: 29 Jan 2013 06:30 AM PST WHOLESALE Gold Bullion prices climbed back above $1660 an ounce Tuesday morning, broadly in line with where they ended last week, as stocks and commodities fell slightly and the Dollar ticked higher against the Euro ahead of tomorrow's interest rate decision from the US Federal Reserve. "We are seeing a technical rebound following a few [...] Check out these similar articles: Gold Falls 2.5% But Up 21% YTD – Technical's Short Term Bearish; Long Term Bullish Gold Slips in Tight Range But Monetary Outlook "Rarely More Bullish" Did MF Global Use $80 Million in Customers' Gold & Silver COMEX Warehouse Receipts as Collateral for a $300 M Short Term Loan?

Bank Run in Progress? Massive $114B Withdrawn From 25 Largest US Banks First Week of January! Posted: 29 Jan 2013 06:15 AM PST SD contributor AGXIIK warned readers months ago about the FDIC's expanded deposit insurance which was set to expire Dec 31st, predicting that the expiring expanded deposit insurance enacted in the wake of the 2008 financial panic could trigger a bank run.  Many scoffed at the report and its implications, due to the fact that the [...] Check out these similar articles: MASSIVE COMEX SILVER WITHDRAWAL ON FRIDAY- 3.6 MILLION OUNCES WITHDRAWN FROM BRINKS! 4 More Banks Closed by the FDIC US Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st

Gold price bounces off support to trade back above the 200 daily moving average as RBS faces criminal charges over Libor scandal Posted: 29 Jan 2013 06:09 AM PST The gold price got as low as $1652 yesterday before the buyers showed up – right at the bottom of the short-term range we sited yesterday. They've now taken the gold price back to the 200 daily... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Why are central banks buying gold, the opposite of their own creation, paper money? Posted: 29 Jan 2013 04:37 AM PST What if the Fed is short Germany's gold? Gijsbert Groenewegen Jan 29, 2013 Why are central banks buying gold, the opposite of their own creation, paper money? Money is the opposite of gold and silver. Fiat money is based on … Continue reading →

Safe havens assets under pressure as Gold, Silver fall Posted: 29 Jan 2013 04:34 AM PST Russia's central bank intends to continue buying gold, its first deputy chairman Alexei Ulyukayev said earlier this month, although he denied there is a target for gold to make up 10% of reserves.

Centerra Gold in trouble again in Kyrgyzstan Posted: 29 Jan 2013 04:29 AM PST Centerra currently pays a 13 percent tax on its gross revenue and another 1 percent into a special fund for the development of the Issyk Kul Region, where Kumtor is based.

India January Gold imports seen at 75 tons Posted: 29 Jan 2013 03:54 AM PST India's gold import may have risen by 15 per cent to 75 tonne in January, compared with 65 tonne in January 2012.

Russian Gold Reserves Up 8.5% In 2012 - Palladium Reserves “Exhausted” Posted: 29 Jan 2013 03:31 AM PST Russian Gold Reserves Up 8.5% In 2012 - Palladium Reserves "Exhausted" This must read commentary was posted on the goldcore.com Internet site yesterday...and I thank Elliot Simon for his final contribution to today's column.  The link is here.

Former Fed and Treasury official endorses transparency for gold swaps and leases Posted: 29 Jan 2013 03:31 AM PST Former Fed and Treasury official endorses transparency for gold swaps and leases Interviewed today by the German financial journalist Lars Schall, former Federal Reserve and Treasury Department official Edwin M. Truman seems to back away from his assertion to a World Bank and Bank for International Settlements conference last month  that the Washington Agreement on Gold was "the modern counterpart" of the gold price-rigging London Gold Pool of the 1960s. But Truman extends his call for greater transparency in central banking to encompass the gold swaps and leases that, according to a March 1999 report of the International Monetary Fund, are kept secret to facilitate secret intervention in the gold market. read more

Jeff Clark...Casey Research...Two Chess Moves Away from Capital Controls Posted: 29 Jan 2013 03:31 AM PST Jeff Clark...Casey Research...Two Chess Moves Away from Capital Controls This commentary by Jeff was contained in the Monday edition of the Casey Daily Dispatch.  There's lots about gold in here...and it's worth your time.  The link is here.

Alasdair Macleod: Bank of England gold -- the doubts remain Posted: 29 Jan 2013 03:31 AM PST Alasdair Macleod: Bank of England gold -- the doubts remain GoldMoney's Alasdair Macleod deduces evidence that if central bank gold reserves are really intact, a primary custodian, the Bank of England, should be vaulting more gold than the 5,738 tonnes it reports. This is a story I borrowed from a GATA release on Sunday.  Macleod's commentary is headlined "Bank of England Gold: The Doubts Remain" and it's posted at GoldMoney's Internet site here.

Chris Martenson interviews James Turk about the central bank war against gold Posted: 29 Jan 2013 03:31 AM PST Chris Martenson interviews James Turk about the central bank war against gold On Saturday, market analyst Chris Martenson interviewed GoldMoney founder and GATA consultant James Turk about gold market manipulation by U.S.-allied central banks, which, Turk says, are losing their war against gold. I borrowed the above paragraph, plus the headline, from a GATA release on Saturday...but the first person through the door with this interview was actually Marshall Angeles. The interview is about 27 minutes long...and is posted as audio at Martenson's Internet site peakprosperity.com.  The link is here.

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