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• Cash costs, hedging and big new mines could see global gold output rise 2013/2014
• World's first Fairtrade silver comes to Britain
• Turkish gold exports up 800% on Iranian demand
• Buying silver in the age political delusions
• Indian Reserve Bank panel looks favourably at gold loan companies
• Gold and Silver Disaggregated COT Report (DCOT) for January 4, 2013
• Gold drops 3.3% on Fed minute concerns
• Gold falls to 4 1/2-month low after Fed minutes
• Six "January indicators" every trader should know
• Buying silver in the age of transitory inflation and other political delusions
• Is gold becoming more convenient?
• The Big Gaping Hole In The Employment Report And Fed Folly
• Ford Will Make A Turnaround In 2013
• Rumors from the FOMC minutes or Jim Sinclair?
• Gold price in January 2013 across currencies
• A technical update on the mini-crash in gold
• Jim Sinclair: The Federal Reserve Has No Practical Option To End QE Without Collapsing Financial System
• US Mint Sells 57,000 Ounces of Gold First 2 Days of 2013!
• Gold in manipulative sell off? Nice New Year’s gift
• Fed launches Minuteman missile – film at eleven
• Higher Low in Place for Gold Stocks as 2013 Beckons
• Gold falls 3.3% in a day as FOMC minutes suggest qe could end this year
• Gold overreacts to QE3 ending soon
• Jim Sinclair About The Fed Announcement
• Gold & Silver In Manipulative Sell Off? Nice New Years Gift
• NFP: + 155,000, Unemployment to 7.8%
• Ukraine to add more Gold to reserves in 2013
• Global Gold Outlook For 2013
• Desperate Times… Desperate Measures
• American Eagle Gold coin sales decline in 2012
• Gold In Manipulative Sell Off? Nice New Years Gift
• How ethically sourced Silver moves the price of Silver higher by increasing demand while reducing supply and why only KES Silver is GIABO Silver
• Should the United States return to a Gold standard?
• Gold Is Trapping Bulls In Daily Cycle
• Gold price falls in overnight trading
• Links 1/4/12
• FOMC minutes boost dollar, pressure gold

Cash costs, hedging and big new mines could see global gold output rise 2013/2014 Posted: 04 Jan 2013 07:07 PM PST Global gold output may well prove to have been flat, in 2012 but looks likely to rise again in 2013 and 2014 as big new projects come on stream.

World's first Fairtrade silver comes to Britain Posted: 04 Jan 2013 06:49 PM PST In a bid to improve livelihoods of miners working in dangerous conditions and ensure ethical standards CRED Jewellery has imported the world's first fairtrade silver into Britain

Turkish gold exports up 800% on Iranian demand Posted: 04 Jan 2013 06:46 PM PST Turkish gold exports rose to $12.7bn in the first eleven months of 2012 compared to the $1.47bn exported in the whole of the previous year

Buying silver in the age political delusions Posted: 04 Jan 2013 06:40 PM PST For Dr. Lewis Jeffery, buying physical silver in this day and age is like planting a seed in fertile soil.

Indian Reserve Bank panel looks favourably at gold loan companies Posted: 04 Jan 2013 03:19 PM PST India's growth of gold loan non banking financial companies had come under the scanner recently, but a panel report has suggested beneficial moves, which will enable them to offer higher gold loans.

Gold and Silver Disaggregated COT Report (DCOT) for January 4, 2013 Posted: 04 Jan 2013 12:41 PM PST HOUSTON -- This week's Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday. Our recap of the changes in weekly positioning by the disaggregated trader classes, as compiled by the CFTC, is just below. Please note:  Due to the New Year holiday, the cutoff for this week was on Monday rather than the normal Tuesday schedule.  Thus it captured the positioning of traders at the close on the last day of 2012 rather than the first day of 2013.  (DCOT Table for January 4, 2013, for data as of the close on Monday, December 31, 2012.   Source CFTC for COT data, Cash Market for gold and silver.)  More... In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In the Change column, a negative number indicates either an increase to an existing net short position or a reduction of a net long position. A black figure in the Change column indicates an increase to an existing long position or a reduction of an existing net short position. The way to think of it is that black figures in the Change column are traders getting "longer" and red figures are traders getting less long or shorter. All of the trader's positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report.

Gold drops 3.3% on Fed minute concerns Posted: 04 Jan 2013 12:40 PM PST Gold Falls 3.3% in a day as FOMC Minutes Suggest QE Could End This Year

Gold falls to 4 1/2-month low after Fed minutes Posted: 04 Jan 2013 12:38 PM PST The dollar rose and stock markets slipped along with gold after minutes from the Federal Reserve highlighted increased concerns over its highly stimulative monetary policy.

Six "January indicators" every trader should know Posted: 04 Jan 2013 11:10 AM PST From All Star Charts:   This is typically a slow, yet very exciting time of the year for us. A fresh start in 2013 to show this market what we're made of. Coming up in a few days starts the month of January, a very powerful and predictive period.   Appropriately named after Janus, the God of the Doorway, the results for this month could lead to conclusions about the rest of the year. There is definitely some validity to January's effects as well as some confusion. For example, the January Barometer and the January Effect are two completely different things.   I'd bet that plenty will get this one wrong over the next few weeks. So let's get right into it, and let me explain what the month of January means to me:   The January Barometer – As the S&P 500 Goes in January, So Goes The Year. When the month of January records a gain, as measured by the S&P 500 Index, history suggests that the rest of the year will serve as a benefactor, and finish in the black as well. Since 1950, this indicator has an incredible 88.7% accuracy ratio. This number also includes 2012, as January closed the month up 4.35% and the S&P 500 is on pace to finish positive for the year.   Down Januarys Serve as a Warning – According to the Stock Trader's Almanac, every down January for the S&P 500 since 1950, without exception, preceded a new or extended bear market, flat market, or a 10% correction. Twelve bear markets began, and 10 continued into second years with poor Januarys. When the first month of the year has been down, the rest of the year followed with an average loss of 13.9%. In most years, these declines later provided excellent buying opportunities. For example, 2008 was the worst January on record and preceded the worst bear market since the Great Depression. But 2009 proved to be one of the greatest buying opportunities in American history.   First Five Days in January Indicator - This one has a very nice track record as well. The last...   Read full article...   More trading ideas:   A trader's road map for stocks and gold going into the New Year   One of the world's most hated sectors could be on the verge of a monster move   Trader alert: A bottom could be in for these beaten-down dividend payers

Buying silver in the age of transitory inflation and other political delusions Posted: 04 Jan 2013 10:30 AM PST The solar plexus of the human body is where the connection between the body and mind come together. Silver is like the solar plexus of the world of economics and finance, acting as both a tradable commodity and a monetary asset.

Is gold becoming more convenient? Posted: 04 Jan 2013 10:20 AM PST On the surface, gold is not often seen as a convenient financial instrument. It is old fashioned, requires a place for storage and is not easily obtainable for the average American at current prices. However, the precious metal continues to evolve as the worldwide financial crisis motivates individuals to seek...

The Big Gaping Hole In The Employment Report And Fed Folly Posted: 04 Jan 2013 10:15 AM PST By Dave Kranzler: A lie always contains a certain factor of credibility, since the great masses of the people in the very bottom of their hearts tend to be corrupted rather than consciously and purposely evil, and that, therefore, in view of the primitive simplicity of their minds, they more easily fall victim to a big lie than to a little one, since they themselves lie in little things, but would be ashamed of lies that were too big - Adolph Hitler, "Mein Kampf" One of the most important aspects of financial analysis is determining not only the reliability of reported numbers (accounting issues) but also analyzing the "quality" of a reported number. "Quality" includes the sustainability of a business model - and the quality of the underlying sources of revenue and profit generation. Without getting into the whether or not the monthly employment report is a manipulated and fictitious number - much Complete Story »

Ford Will Make A Turnaround In 2013 Posted: 04 Jan 2013 09:48 AM PST By Osman Gulseven: By: Ahmed ishtiaq Ford Motor Company (F) manufactures automobiles under its Ford and Lincoln brands. The company has about 16% market share in the United States and more than 8% share in Europe. Ford and Lincoln brand sales in North America and Europe made up 59% and 26% of 2011 auto revenue, respectively. Economic conditions have not been ideal for car manufacturers, especially after the financial meltdown of 2008. There are still concerns about the global economic growth. However, I believe car manufacturers will have a better year. The U.S. economy has started showing signs of recovery with a positive impact on the auto industry of the country as well. An improving economy should enable the company to increase its revenues over the next year. Over the past three years, the company realized that it needed to change its strategy to recover its market position. Complete Story »

Rumors from the FOMC minutes or Jim Sinclair? Posted: 04 Jan 2013 09:45 AM PST Tweet READ THE FULL NEWSLETTER I will not be brief with my own comments today.  Susan and I are heading back to Minneapolis for a two-week "vacation."  Funny, I used to go south for a vacation but now that we live half the year in Miami, we go back up to Minneapolis for a vacation. Today, Kitco published an article explaining WHY gold sold off.  Here is what they said: The minutes of the latest meeting of the Federal Reserve's Open Market Committee were released Thursday afternoon and they somewhat surprisingly revealed some FOMC members believe that quantitative easing of U.S. monetary policy should be wound down during 2013. That spooked the precious metals market bulls and gave the U.S. dollar index another boost higher. The past four years of very easy U.S. monetary policy have been an underlying bullish factor for the raw commodity sector, including gold and silver. Continue reading on Kitco.com This is what the manufactured sell-off looks like: The gold action this week is more of the same – the M(ain)S(treet)Media bull that the banks can use to force gold down.  It is just another red herring, just more B.S.  The Fed can't cut back on QE, but they don't have to, all they have to do is issue a rumor that they are considering doing it.  Just remember, this is all just paper shenanigans and the demand for physical gold (and silver) is off the charts.  Sophisticated buyers are buying at these prices and they laugh all the way to the bank.  Don't worry, you'll get your monster profits in gold and silver soon enough, but not on YOUR timetable.  That's up to JPMorgan and friends. After I finished writing the above, Jim Sinclair voiced the same views.  He released the following. Read it CAREFULLY. Such an announcement has been part of QE either from MSM or some Fed board member since it began. The implication of stopping QE is so dire to the economy that it is in a practical sense impossible. When gold was being sold by central banks during the 1970s market announcements were made constantly with the bias to depress metals. There is no way that the implications and consequences of what has been done up to now can be talked or manipulated away. There is no practical way that QE can cease here or in Euroland without a total and final collapse of the financial system. Just go back to the IMF report on OTC derivatives I posted this morning. If QE ceases, the US bond market collapses and the Fed must debt monetize all required debt, which means if QE stops, it starts up again immediately and in a crisis mode. I have to admit that if you have been a reader here for any length of time you should know this without asking me. The pressure that people unload on me during any gold reaction is downright mean. The statement that QE can stop is simply MOPE. QE cannot stop or the world ends as you know it. Please print this out and post it on your computer because every time the long cycle guy repeats his year old bear gold price prediction or the Fed says anything about stopping QE, you all go wild. It is embarrassing really. If you do not understand what you are in, why are you in it? Truman said it all when he said if you can't stand the heat, get out of the kitchen. The Federal Reserve has no practical option to end QE without ending the economic world for decades to come. Should that actually occur in some parallel universe, only gold will protect those citizens from the collapse of the by-default reserve currency. I am sure I have written this at least 200 times. Continue reading on jsmineset.com It's now 8 A.M. in Miami and Sinclair has more to say about the B.S. announcement that the Fed will cut back on bond buying: The Federal Reserve Really Has No Practical Option To End QE January 4, 2013, at 6:40 am by Jim Sinclair Mr. Jim, Sorry to hear you have to hand hold the unfaithful… Kindly let me know if I am missing something: 1. Fed stops buying the 10-year. As Fed is buying something like 60% of the 10 year, supply constant to up, demand falls, interest rates go up and bond prices go down. Existing bondholders take a haircut, new issuances have to go out at higher rates. Economic activity decreases, perhaps intensely 2. Fed stops buying, slows down buying MBS. MBS predicated on 10-year rate, MBS rates rise/MBS nominal value falls, refi rates rise, house fini market slows (crashes!)… 3. Fed jumps in, buys with gusto, market loves the juice and all is (s)well… Rinse, lather, repeat. The idea that these guys can stop, even slow QE seems ridiculous to myself, similar to a fool trying to refute Newton`s 3rd law of motion. As always, thanks for your time! Cheers, CIGA Rod Dear Rod, To some degree, yes. Keep in mind that "QE to Infinity" has nothing to do with Main Street. It has to do with the lingering real balance sheet problem camouflaged by FASB permission for financial companies as a product of their ability to value their OTC derivatives at whatever price pleases them. If QE comes to an end it will further impact the lending ability and willingness to lend by major institutions. You CANNOT show up on the doorstep again with QE and expect that all factors will move in a desired direction. There is no other tool out there to handle the unique economic problems of today (buy time) other than QE. Therefore: It will be interesting to see if the PPT (plunge protection team) can hold general equities up via their immense spreads. Now negative economic news becomes more positive for gold as it makes, in the mind of the market, more difficult to take a hawkish stand at the Federal Reserve, which the cessation of QE would certainly be. On the other side, good economic news would have the opposite impact. 2. I cannot at present conceive of a better answer now to you inquiry than to again post what I explain correctly as the reality of the subject of QE, so important to understand. Continue reading on jsmineset.com Let's get to the point here.  If Sinclair is correct (and he is) and the Fed can not stop QE (buying bonds), and gold is falling because the market believes that the Fed will cut back on QE (but they won't), then gold will reverse course quickly when the "excuse" used by the bullion banks (JPMorgan and friends) to force gold down is seen as nonsense. Remember the drill – the Fed releases a false story; it is jumped on by the M(ain)S(treet)M(edium); JPMorgan then shorts gold heavily causing the price to fall; the herd follows along, and their selling adds to the fall; the falling price activates black box computer selling by the momentum hedge funds as their "stop loss" points are breached; JPMorgan starts to cover their shorts at much lower prices (making a killing) and the price stabilizes are rises.  The end result?  Since the reason (used by JPMorgan) gold fell is invalid, prices go back to where they were and JPMorgan makes a bundle.  And a lot of you lose sleep and gnash your teeth. What can YOU do about it?  See this for what it is and buy these "artificially manufactured dips."  Nothing has changed – only a planted rumor by the Fed, designed to stop gold's rise.  The Fed buys some time and JPMorgan makes a profit.  And we sell a lot more gold and silver at prices much lower than they should be.  A Christmas present 11-months early!  Now go enjoy your weekend! Similar Posts: Important Comments from Jim Sinclair There Are Always A Few People Who Get Angry If I Write Something That They Disagree With The Outcome Has Already Been Decided

Gold price in January 2013 across currencies Posted: 04 Jan 2013 09:45 AM PST Figuring out what the price of gold in the upcoming weeks will be, accommodating all the information we can get from the charts of gold priced not only in USD but in other important currencies.

A technical update on the mini-crash in gold Posted: 04 Jan 2013 08:48 AM PST Let's make one thing clear; nobody I know including myself predicted that gold would drop from $1,690 to $1,625 inside of 48 hours this week. That was not in the charts and so I won't even pretend I was going to see that train coming through the tunnel.

Jim Sinclair: The Federal Reserve Has No Practical Option To End QE Without Collapsing Financial System Posted: 04 Jan 2013 08:30 AM PST The legendary Jim Sinclair has sent another email alert to subscribers regarding the take-down in the gold and silver markets Thursday on the release of the December Fed minutes. Sinclair states that contrary to the Fed's MOPE attempting to convince … Continue reading →

US Mint Sells 57,000 Ounces of Gold First 2 Days of 2013! Posted: 04 Jan 2013 08:15 AM PST The US Mint has updated their gold eagle sales totals, and the Mint has reportedly sold an astonishing 57,000 ounces of gold in the first 2 business days of January- nearly half the total of all of January 2012!   Silver Bullet Silver Shield Slave Queen Medallion Only $2.99 Over Spot at SDBullion.com!!   2013 [...] Check out these similar articles: US Mint Sells 1 Million Silver Eagles First 2 Days of October! U.S. MINT CONTINUES TO SELL 50 TIMES MORE SILVER THAN GOLD 2011 US Gold Eagle Mint Sales Hit 1 Million Ounces, Silver Eagle Sales Near 40 Million

Gold in manipulative sell off? Nice New Year’s gift Posted: 04 Jan 2013 07:59 AM PST The move down is overdone and the smart money will again see the over reactive sell off, manipulative or not, as a nice gift to start the New Year and will again accumulate on the dip.

Fed launches Minuteman missile – film at eleven Posted: 04 Jan 2013 07:42 AM PST Gold's "Cliff Relief" rally fizzled out in a hurry on Thursday and the yellow metal lost as much as 1.5% ($25) in turbulent trading action during the afternoon hours in New York.

Higher Low in Place for Gold Stocks as 2013 Beckons Posted: 04 Jan 2013 07:31 AM PST With all of the volatility of the past nine months, few market observers would think the gold equities have begun a series of higher lows or even a new bull market. However, this action is typical of this sector. GDX first formed a low in May followed by a double bottom low in July. From that point, GDX gained 35% in only two months! After three months and a pullback of 20%, the gold stocks are pushing higher once again and have a chance at a tremendous 2013. There are two extremely important levels for 2013. The first is GDX 48 or HUI 460. The chart below shows $48 as the most important near-term pivot point. GDX has already made a series of higher lows but a weekly close above $48 would add stronger momentum and confirmation to the uptrend. Also note the positive divergences in the GDX vs. Gold ratio and the RSI indicator. The weekly chart of GDX clearly illustrates our second important pivot point for 2013. Assuming, GDX closes above $48, the next important resistance is $55, the September high. Moreover, note that $55 was an extremely important level dating back to the end of 2007. It is obvious that $55 is far more important than the highs near the mid $60s. If GDX closes above $55, then every chartist will be ready to jump on the bullish bandwagon. (Note that they have not jumped on on yet. They have no clue now but will awaken after GDX is up another 20%). It's also important to note the prognosis of the weekly RSI. After surging to 65, the RSI corrected to 40 but its curling up once again. A reading of 40 at a bottom (check) is typical of a bullish trend. Keep an eye on the weekly RSI as a move above 70 would be the first such move in six years! This market is slowly positioning for a big move in 2013 and 2014. We have not been this bullish since May and August. The technicals look great and sentiment remains very favorable for longs. Meanwhile, valuations continue to be very favorable. As we've discussed in the past months, the miners are trading near historical lows in terms of earnings, cash flow and sales. A breakout in Gold past $1900 would certainly raise the low valuations and at a time when stronger metals prices would thereby raise earnings. It is a tremendous one-two punch that could launch this sector in 2013. The key for traders and investors is several fold. First, you always need to plan with each trade and every investment. Decide how much you want to risk and how you will risk it. Second, in this sector you must employ effective market timing and proper stock selection. In the past year many stock pickers got killed because they couldn't pick the right stocks and they didn't cut their losses. If 2013 is a return to the bull for gold stocks, which I believe it is, then its time to do your research if you want to beat the sector. If you'd be interested in professional guidance in uncovering the producers and explorers poised for big gains then we invite you to learn more about our service.   Good Luck! Jordan Roy-Byrne, CMT Gold Report Sign Up Below

Gold falls 3.3% in a day as FOMC minutes suggest qe could end this year Posted: 04 Jan 2013 07:14 AM PST Wholesale Gold Prices fell below $1,630 per ounce Friday morning in London, their lowest level since last August and 3.3% below where they were 24 hours earlier, after Federal Reserve minutes suggested some policymakers see a case for ending quantitative easing this year.

Gold overreacts to QE3 ending soon Posted: 04 Jan 2013 07:02 AM PST Gold, stocks and bond prices plunged on Thursday after the release of the December FOMC minutes, which revealed that QE3 could end this year. Given the current unemployment rate is still well above the 6.5% threshold, it is unlikely for the Fed to end the QE3 anytime soon.

Jim Sinclair About The Fed Announcement Posted: 04 Jan 2013 06:59 AM PST Please spare Jim Sinclair. It appears that a lot of people panic with every gold price drop or Fed announcement, like the most recent one yesterday. Bloomberg has blown up the price drop by saying that Gold is set for the worst run since 2004 as Fed sees end to purchases. Indeed, the ending of QE will have far reaching consequences. In the words of Jim Sinclair: "The Federal Reserve has no practical option to end QE without ending the economic world for decades to come. Should that actually occur in some parallel universe, only gold will protect those citizens from the collapse of the by-default reserve currency. I am sure I have written this at least 200 times." A couple of days ago, the US President confirmed that spendings cannot be cut until structural tax reforms take place. At the same time, we know that the US has only some reserves to operate for a couple of weeks. Meantime, Japan keeps on pushing the "print button" and European leaders don't show any sign to change their direction. So how is it possible that all of a sudden this vague announcement could be taken seriously? Anyhow, Mr. Gold (Jim Sinclair) wrote on his website JSMineset.com that The Federal Reserve Has No Practical Option To End QE. Some quotes to keep in mind: Such an announcement has been part of QE either from mainstream media or some Fed board member since it began. The implication of stopping QE is so dire to the economy that it is in a practical sense impossible. When gold was being sold by central banks during the 1970s market announcements were made constantly with the bias to depress metals. There is no way that the implications and consequences of what has been done up to now can be talked or manipulated away. There is no practical way that QE can cease here or in Euroland without a total and final collapse of the financial system. Just go back to the IMF report on OTC derivatives I posted this morning. If QE ceases, the US bond market collapses and the Fed must debt monetize all required debt, which means if QE stops, it starts up again immediately and in a crisis mode. I have to admit that if you have been a reader here for any length of time you should know this without asking me. The pressure that people unload on me during any gold reaction is downright mean. Please print this out and post it on your computer because every time the long cycle guy repeats his year old bear gold price prediction or the Fed says anything about stopping QE, you all go wild. It is embarrassing really. Please spare Jim Sinclair. The world really needs his wisdom.

Gold & Silver In Manipulative Sell Off? Nice New Years Gift Posted: 04 Jan 2013 06:46 AM PST Yet again, the precious metals move down began in earnest during illiquid markets in Asia. On Thursday, gold fell almost 1.5% during the first three hours of Asian trading. Gold has broken below the December low of $1,635/oz and below the 50, 100 and 200 day moving averages. However, technical analysis should be ignored in [...] Check out these similar articles: WSJ Documents Today's Manipulative Gold Take-Down Trader Dan Discusses Difference Between Manipulative Margin Hikes in Silver vs Wed's Hike in Gold Manipulative Gold 'Fat Finger' Or Algo Trade Worth 1.24 Billion USD

NFP: + 155,000, Unemployment to 7.8% Posted: 04 Jan 2013 05:52 AM PST NFP +155k Unemployment rate to 7.8% Gold & silver down hard to $29.30 and $1630 Gold & silver are actually rallying on the news, after being raided throughout the light overnight sessions: Gold: Check out these similar articles: NFP Miss Expectations ,+ 114K, Unemployment Rate Drops to 7.8% NFP + 96k, Unemployment 8.1%, Metals Surge Michigan Sells $3.3 Billion in Variable-Rate Bonds to Pay Back Federal Unemployment Benefits Loan

Ukraine to add more Gold to reserves in 2013 Posted: 04 Jan 2013 04:52 AM PST Amount of monetary gold in Ukraine's international reserves had increased by 25.5%, or 230,000 troy ounces, to 1.13 million troy ounces as of the beginning of December 2012.

Global Gold Outlook For 2013 Posted: 04 Jan 2013 04:51 AM PST This article is based on the Outlook Report from Global Gold in Switzerland, written by managing director Claudio Grass. It provides a fundamental view on gold, not a short term price forecast. It is widely known that short term prices are suppressed on a regular basis in a counterintuitive way, just like today (January 4th). We don't claim to have a crystal ball. In this article we bring our view on the expected direction of the political and economic developments. We use our common sense, and we refrain from using complicated models which no one understands. For each scenario, we indicate how likely it is to happen and what the impact would be on the gold price. Scenario 1: Status quo Under our "status quo" scenario, governments will continue essentially as they have so far, delaying any real problem solving. They will continue to  "moderately" inflate currencies, bailout banks etc. Furthermore real economic growth rates will stay low. Probability (estimate): 80%. We think that this scenario is the most likely for the coming months and years. Governments can't and won't tackle any real problems; they will follow their "muddle through" policy as they have done so far. Impact on gold: As in recent years the current policies of governments positively impact gold prices. Scenario 2: Back to "normal" In this scenario central banks worldwide abandon their current monetary policy and return to a more prudent approach. This is coupled with higher real economic growth in the world. Probability (estimate): 10%. Due to the very high debt levels in western economies we hardly think that central banks can return to their normal monetary policy. The lack of any real growth impulses leads us to believe that this scenario is not a very realistic one for the foreseeable future. Impact on gold: A "back to normal" scenario would probably impact gold prices negatively. Historically gold has tended to perform negatively when real short term interest rates have exceeded 3%. Scenario 3: Crisis Crises can take on many different forms, such as a complete collapse of the financial and monetary system, a world war, civil unrest or many others. Probability (estimate): 10%. Political developments in most parts of the western world are alarming. We think that our current financial and monetary system is not sustainable. We don't, however, see the tipping point on the horizon quite yet. Impact on gold: In a crisis scenario the price of gold would likely dramatically increase nominally. In real terms, gold should be an ideal medium to store value over the long term. Global Gold's conclusion The only scenario which could have a negative impact on gold is a return to normality. As we deem this scenario to be relatively unlikely at the moment, we remain bullish on gold for 2013. Every price dip because of short term price fluctuations should be considered as a buying opportunity. Find out more about Global Gold's offering - An authentic Swiss Solution for Precious Metals.

Desperate Times… Desperate Measures Posted: 04 Jan 2013 04:48 AM PST The trillion dollar platinum coin seigniorage plan goes mainstream and explodes on the web.  If this is the best they got, the reset is upon us.  When we floated this idea in June of 2011, we thought it was so … Continue reading →

American Eagle Gold coin sales decline in 2012 Posted: 04 Jan 2013 04:41 AM PST Investors bought 753,000 ounces of American Eagle coins produced by the U.S. Mint last year, 25% below 2011 sales of 1 million ounces

Gold In Manipulative Sell Off? Nice New Years Gift Posted: 04 Jan 2013 04:37 AM PST Are gold & silver markets being manipulated like interest rates in LIBOR scandal? Today's AM fix was USD 1,632.25, EUR 1,254.32 and GBP 1,018.37 per ounce. Yesterday's AM fix was USD 1,684.50, EUR 1,285.09 and GBP 1,039.69 per ounce. Silver … Continue reading →

How ethically sourced Silver moves the price of Silver higher by increasing demand while reducing supply and why only KES Silver is GIABO Silver Posted: 04 Jan 2013 04:27 AM PST Keiser Ethical Silver is ethically sourced from recycled bullion and bullion from mines that fit UN Social Responsibility guidelines which means that for the first time ever corporations looking to diversify into ethical bullion have a way to do so: … Continue reading →

Should the United States return to a Gold standard? Posted: 04 Jan 2013 04:16 AM PST As of 2012, the United States Treasury holds 261.5 million troy ounces of gold. At the current market price of gold ($1,662 as of Dec. 27, 2012) the total value of United States Treasury held gold is $434.6 billion.

Gold Is Trapping Bulls In Daily Cycle Posted: 04 Jan 2013 04:09 AM PST The precious metals are not making it easy for investors here.  Some are buying afraid of missing a rally, others wanting to but afraid to commit, while the rest want to see more evidence of a change in trend before trusting again.  I'm in the 3rd camp, clearly the trend remains down and until proven otherwise I'm just going to need a little more convincing before getting long again. I know many members are looking for a prediction on where gold is headed these next few days/weeks.  The reality is that nobody knows, there is evidence to support both the bullish and bearish cases here, and the beholder is free to pick and choose the evidence that best suits his bias.  I will tell you that I see a couple of opposing views (new developments) of the Cycle which should find resolution over the next few trading days.  All of these scenarios have actionable trading plans so we therefore should be able to walk away from these next few Cycles with decent gains. Firstly, the currently marked Cycle remains as this being a very late stage Daily Cycle that is trapping investors before its final collapse (see trend-line #1 on chart below).  I mentioned last week that we could see a 2nd half DC rally and Swing Low before the Cycle collapses; this is currently where we stand.  But this primary scenario is fast running out of time and room.  The Cycle is up against the declining trend-line and fast approaching the Weekly Swing Low ($1,705).  If this scenario holds true then gold should fall tomorrow or Friday and spend the next 5 days falling into a DCL and ICL. But there is a new twist here that we need to be aware of and plan accordingly within our trading strategy.  Judging by the strength of gold I believe there is a good chance that Gold printed a Daily Cycle Low on Dec 20th.  We've witnessed a Daily Swing Low, rising RSI, MACD cross-over, and a 6 out of 7 day rally.  This type of strength does suggest that a new Daily Cycle on Day 7 is in play and we would under this scenario assume that Dec 20th ended a stretched 32 Day Cycle.  This introduces two new Daily Cycle scenarios: Firstly, this is the 1st Daily Cycle of a new C-Wave Investor Cycle that is destined to not look back (see trend-line #2 on chart below).  In this case gold would have put in a mild or almost "stealth like" ICL and it will be another case of investors afraid to believe in the new Cycle or constantly playing catch up. The other option few are watching out for is that this new Daily Cycle is the 5th and final Cycle with a good 10-20 days left before a DCL.  In this scenario we would see a prolonged and punishing decline into very deeply oversold territory (see trend-line #3 on chart below). On the weekly chart below we can now see the recent strength of the Daily Cycle showing up within the slower Investor Cycle oscillators.  By no means flashing a buy signal, but for the most part strongly suggesting that just another solid week would have me convinced that a new Investor Cycle was in play.  If price could break above $1,705 (Weekly Swing Low) then gold would have also broken through the declining trend-line and the MACD would cross into positive divergence.  This is why if my primary outlook is in play, then a downturn would need to come this week to avoid triggering an Investor Cycle buy signal. The miners continue to tease investors with the promises of riches.  Within just a few short sessions they have managed to traverse the Bollinger Band from deeply oversold to overbought.   I've stayed far away from the miners simply because the chart says it all.  With 7 consecutive lower highs I just won't trust that the miners are in a new upward trend until I see the breakout with a corresponding gold ICL. Up until today's session the recent action was beginning to look encouraging.  That was until today when the miners managed to close below the opening price and print a blank candle, a sign which looks ominously like yet another short term top.  Again much of the miners fate will depend on where gold is headed in the short term.  For now I see no advantage or edge in stepping in front of a declining and overbought asset. This as is an excerpt from this Wednesday's premium mid week update  focusing on US Dollar from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly, as well as real time trade alerts to profit from market inefficiencies. They offer a FREE 15-day trial where you'll receive complete access to the entire site. Coupon code (ZEN) saves you 15%.

Gold price falls in overnight trading Posted: 04 Jan 2013 04:06 AM PST The fall in the gold price started after the release of the Fed minutes last night, the passage that people latched on to was this: In consider- ing the outlook for the labor market and the broader... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Links 1/4/12 Posted: 04 Jan 2013 03:55 AM PST 'Black Beauty' new meteorite type BBC 'Alarmingly High Methane Emissions' from Natural Gas Extraction Common Dreams (Aquifer) Sydney to be spared worst of giant heat wave Sydney Morning Herald (Glenn Condell) Installing Cable Car Systems in Cities to Reduce Congestion OilPrice GM food: British public 'should be persuaded of the benefits' Guardian (John L) Switzerland and Britain are now at currency war Ambrose Evans-Pritchard, Telegraph Bradley Manning and me: why I cannot regret turning in the WikiLeaks suspect Guardian (John L) Catfood watch: 3 Huge Myths About The Trillion Dollar Coin Plan To Save The Economy Clusterstock Rep. Grayson: Republicans using debt ceiling as 'legislative terrorism" Raw Story. It is going to be fun having Grayson back. U.S. now on pace for European levels of austerity in 2013 Washington Post (TK421) Geithner Said to Plan Departure Before Debt Ceiling Deal Bloomberg. I had predicted that the new Treasury secretary will have us waxing nostalgic for Foamy, as difficult as that may seem to believe. Remember, no matter how bad things are, they can and often do get worse. The timing of his departure is going to put his successor in the hot seat, guaranteeing that Geithner will look good by comparison (familiar evils look better than new ones). The $60 Trillion Petition for Taking Austerity Off The Table Corrente. Sign the petition! Did Zero Dark Thirty have secret links to CIA? US Senate vows to find out Guardian (John L) Time Warner Cable Dumps Current TV Faster Than You Can Say 'Al-Jazeera America' Common Dreams (Aquifer) Armed Teacher Training Program launches in 15 states; study reveals impact of 'Stand Your Ground' on homicides Pam Spaulding, Firedoglake Madeleine Albright and Herbalife John Hempton (Maddie) Making out with Bill, an office flirtation and singing 'you're so vain to the mirror': New film to reveal softer side of Hillary Rodham Clinton in her 20s. Do not read if you have eaten recently. Small business recession explains poor sentiment Sober Look Happy New Year? Not for Bonds Wall Street Journal Bill filed to speed up foreclosures in Florida Tampa Bay The Great Bank Escape Anat Admati, Project Syndicate JPMorgan to BofA Get Delay on Rule Isolating Derivatives Bloomberg (Bob S) Awakening Atlantic (Aquifer) Antidote du jour:

FOMC minutes boost dollar, pressure gold Posted: 04 Jan 2013 03:30 AM PST Better than expected ADP jobs numbers combined with hawkish noises from the Federal Reserve have prompted a dollar surge over the last 24 hours, with yields on 10-Year US Treasuries rising to an ...

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