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- SILVER SQUELCHERS PART 2: Assassinate Silver & Gold To Bring In Fiat Money
- The Geopolitics of World War III
- Perfect Harvest Weather Sends Soybeans and Corn Lower
- The Counter-Intuitive Rise of the U.S. Dollar
- Guest Post: "Rigged Gold Price Distorts Perception of Economic Reality", by Paul Craig Roberts and "Denver" Dave Kranzler
- New Gold Fix Planned By LBMA In Desperate Attempt To Maintain Status Quo
- Fitch Warns on What Happens to the US as Dollar’s ‘Pre-Eminent Reserve Currency Status’ Erodes
- Why silver is a classic buying opportunity
- Eric Sprott: Get Your Money ‘Out of Banks and into Something Tangible’
- Marshall Swing: Silver $17 Handle: BUY NOW. Period.
- Jim Willie: The Crash Heard Round the World- Saudis to Reject USD for Oil Payments
- Silver Slaughter- Are We Headed to $15?
- Nowhere To Hide As Minority Report-Style Facial Recognition Technology Spreads Across America
- Gold: Support at 1200/1184, resistance at 1231/1241
- Gold could fall to 1180 1184 levels on dollar strength: Barclays
- PM Fund Manager on Worst PM Manipulation in 14 Years: Something Ominous This Way Comes
- China investors scouring for gold, copper, infrastructure assets
- US households most heavily invest in stocks since 2000
- Gold: Key Resistance Creating Room For A Minor Correction
- Gold threatens $1,200, silver slumps
- Heavy gold ETF sales - Phillips
- Marshall Swing: Silver $17 Handle: BUY NOW. Period.
- Gold, silver slide as Fed outlook fuels selling
- China Moves To Dominate Gold Market With Physical Exchange
- China Moves To Dominate Gold Market With Physical Exchange
- Gold price fall presents a good trading opportunity: Chris Vermeulen
- Gold Price Analysis - September 22
- Dismal Week For Gold Ahead...Again
- Tell Us, Christos Doulis, Can Gold Act as a Safe Haven Again?
- China crisis fear sends stocks and commodities lower
- Alasdair Macleod’s Market Report: Another Miserable Week for PMs
- Royal Mint's tip for investors: go for gold
- Where the long term silver cycles are now
- Russia Adds Another 300,000 Ounces of Gold To Its Reserves In August
| SILVER SQUELCHERS PART 2: Assassinate Silver & Gold To Bring In Fiat Money Posted: 22 Sep 2014 11:30 AM PDT The Pilgrims Society remains present at this moment behind the scenes and traces to conspirators active in the Crime of '73, the Panics of 1857 and 1837, both United States Banks, and much more. The path towards fiat is always the same: First, assassinate silver. Second, hit gold! 2015 Silver Perth Kookaburras 25th Anniversary Limited Edition! […] The post SILVER SQUELCHERS PART 2: Assassinate Silver & Gold To Bring In Fiat Money appeared first on Silver Doctors. |
| The Geopolitics of World War III Posted: 22 Sep 2014 10:00 AM PDT The real reason Russia and Syria are being targeted right now by the US war machine… We are on a road that leads straight to the World War 3, but in order to see that and to fully understand what is at stake you have to look at the big picture and connect the dots. […] The post The Geopolitics of World War III appeared first on Silver Doctors. |
| Perfect Harvest Weather Sends Soybeans and Corn Lower Posted: 22 Sep 2014 09:48 AM PDT Excellent warm, dry weather over the weekend and in the shorter term weather forecasts have combined to send soybean prices sharply lower this AM, as well as providing additional pressure to corn. Corn/Wheat spreads are reversing a bit as well as some feel US wheat prices are low enough to generate some increased export-related interest. The reason for that was some business announced with Egypt. We shall see about that however. Selling is increasing however as harvest results thus far are coming in even better than expected in many locations. This afternoon's crop condition reports will further set the tone for the remainder of this week, assuming the weather forecasts continue to hold.  Beans are working their way down towards the next level of chart support focused around the $9.20 region. Below that is psychological support at the $9.00 mark. Stronger chart support however emerges near the $8.80 level. Incidentally, last Friday's COT reports showed more of the same when it comes to corn, namely big spec interests still increasing their overall net long position as the market drops and drops and drops. They are using corn as the long leg of spreads involving both wheat and beans. I still have my concerns about how that is going to impact corn prices once harvest really gets rolling and storage and transportations issues become a major concern. At this point the trading session, cattle remain lower reacting to a Cattle on Feed report that was considered Bearish. Let me rephrase that, the report was not bullish as the market was already working under the assumption of reduced numbers. However, it did show a bit more cattle than the market had already baked into the cake and that is causing some longs to go ahead and book some profits. Cattle has proven to be amazingly resilient as it is one of the few commodity markets out there that the longs have been able to make some money in recently. That camp is going to continue to defend their long positions as much as possible. We will have to see whether these high beef prices eventually bring them back down to earth. The market appears sandwiched between the loss of demand and reduced supplies. Both sides are digging in.  That being said, the bulk of the commodity complex is REELING this morning. Here is the latest Goldman Sachs Commodity Index chart. For any commodity ( and that includes both gold and silver) to escape the general downward tug being produced by money flows OUT of the overall sector, it is going to take some incredibly powerful fundamentals for that specific commodity.  Case in point is gold today; the weakness in the equity markets is producing some safe haven flows ( Bonds are higher and the Yen is stable). That is producing a bit of a bounce in gold but the blip higher is attracting sellers up near $1220 at the moment. It should be noted that GLD, the giant gold ETF, reported a very sharp drop in gold holdings of nearly 8 tons this past Friday. Total holdings are not at the LOWEST LEVEL for this entire year, (down some 21.78 tons from the start of the year) and the lowest level in nearly SIX YEARS! Here is a closer in view:   It just goes to illustrate how much gold has fallen out of favor as an alternative investment class by Western-based investors. That is the reason ANY FALTERING IN ASIAN-based DEMAND will be brutal for gold. Based on the above-mentioned collapse in GLD holdings, AND the fact that the TIPS spread is also plummeting, there is simply no reason to buy gold at this time in the minds of Western-based investors. Here is the latest on the TIPS spread and the comparison against the gold price. Notice that both lines are moving in unison. As inflation expectations fall, ( and I might mention as the Dollar moves higher ) the gold price is falling.  I will get some more comments up later on as time permits. I am most interested in seeing the extent of harvest progress in this afternoon's reports from USDA. |
| The Counter-Intuitive Rise of the U.S. Dollar Posted: 22 Sep 2014 09:41 AM PDT As things get dicier globally, assets in periphery nations typically get dumped as mobile capital flees risk and migrates to lower risk core nations and currencies. I received many thoughtful comments on Why the Dollar May Remain Strong For Longer Than We Think. Given the many weaknesses of the U.S.–ballooning social-welfare and crony-capitalist liabilities, free money for financiers monetary policies, etc.–a strengthening dollar (USD) strikes many as counter-intuitive.
The dynamic complexities of fiscal and monetary policies, global capital flows and the foreign exchange (FX) market complicate any inquiry, so I try to keep it simple. In my view, the USD serves both transactional (global trade) markets and the global need for currency reserves (i.e. as a store-of-value). Sorting out the various influences on its relative value in each capacity is complex enough, but there is also the X Factor–the hard-to-quantify components of any currency’s relative value. For the USD, the X Factor is hegemony, which includes financial dominance based on debt issued/denominated in USD and what might be called the real-world assets of the issuing nation: that nation’s food, energy and water security (what I call the FEW resources), its proximity to potential enemies, its external environmental costs, its overseas financial assets, the strength of its legal system in protecting private assets,its demographic profile and of course its ability to project power to defend its interests. By these basic measures, the U.S. scores pretty well. We can get some perspective on this by putting ourselves in the shoes of wealthy people in periphery nations where the risks of capital controls, currency devaluation, etc. are perceived to be high, or in the shoes of corrupt elites in countries where they fear their ill-gotten gains might not survive blowback (hence the almost universal desire of elites to leave China with their loot). The strength of the USD is attractive to at-risk capital, even if transferring at-risk wealth into dollars requires a significant foreign-exchange haircut. Better to preserve 75% of your wealth in USD than leave it exposed to confiscation, capital control, etc. This is the basic flight-to-safety mechanism. Ubiquity also counts. The USD is the proxy global currency. A $100 USD bill is recognized as money virtually everywhere. If you’re stranded just about anywhere, USD will buy you food, transport, official “assistance” via bribes, etc. No other paper currency is even close to ubiquity/recognition. (Clean, crisp $100 USD bills are recommended–dirty crumpled bills are not highly esteemed.) It’s also critical to look at the relative scale of the money-printing that erodes the value of currencies: -China’s credit expansion is much larger as a percentage of its economy and financial system than the Fed’s money-printing as a percentage of the U.S. financial system. Then there’s the scramble-for-yield issue: imagine you’re managing $10 billion. You need to preserve this wealth but you also need to earn a yield, or you’ll be fired at the end of the quarter. Since FX (foreign exchange) is a much larger market than stocks or bonds, you’re highly attuned to FX so you don’t get blindsided by a shift in FX that wipes out your yield. You might wisely build an “insurance” position in precious metals, but because you need yield then you have exposure to bonds, stocks and as a result, FX. As things get dicier globally, assets in periphery nations typically get dumped as mobile capital flees risk and migrates to lower risk core nations and currencies. For money managers, the USD is an FX safe haven–especially since the capital flowing out of the riskier periphery pushes the USD higher. This makes for a secondary yield–as the USD rises, any asset denominated in USD will gain in relative value. So there’s a self-reinforcing feedback loop: as the USD value rises, it attracts more of the money fleeing risk. In a way, the USD acts as a currency equivalent of the English language. There are many languages and many currencies, but at present the indispensable language/currency in the global economy is English/USD. How can we summarize this discussion? 1. FX is the “master market” of the global financial system. 2. The flow of mobile capital out of the periphery into the core will turn into a flood as global risks rise. Both of these conditions favor the USD. |
| Posted: 22 Sep 2014 09:38 AM PDT From Chris Kimble at Kimble Charting Solutions: CLICK ON CHART TO ENLARGE The above chart was created when silver was trading at $28 per ounce. I shared with Premium Members in June of 2012, that silver looked to be creating a bearish descending triangle and the measured move was calling for silver to hit $15 per ounce (see projection of red arrow above). Since the chart was made, silver is down 40% in value and is nearing the projected price of the descending triangle. CLICK ON CHART TO ENLARGE I have been sharing with metals members for months that the $15 zone in silver looks to be an interesting place to pick up some more. The above chart highlights why the “Power of the Pattern” says this could be a potential good buy point.       |
| Posted: 22 Sep 2014 09:03 AM PDT |
| New Gold Fix Planned By LBMA In Desperate Attempt To Maintain Status Quo Posted: 22 Sep 2014 09:00 AM PDT In the face of a global physical gold shortage, the London Bullion Market Association (LBMA) is quietly planning a new gold fix in a desperate attempt to maintain the status quo. Submitted by GoldCore: From Monday, September 22, the London Bullion Market Association (LBMA) will cease to publish and supply end-of-day forward curve data […] The post New Gold Fix Planned By LBMA In Desperate Attempt To Maintain Status Quo appeared first on Silver Doctors. |
| Fitch Warns on What Happens to the US as Dollar’s ‘Pre-Eminent Reserve Currency Status’ Erodes Posted: 22 Sep 2014 08:44 AM PDT The dollar's erosion as the pre-eminent global reserve currency is very inconvenient. It would deprive the US of much of the "financing flexibility and debt tolerance" that it has so enormously benefitted from up to now, ratings agency Fitch warned. Turns out, the inevitable end of the dollar's hegemony has consequences. Read….. Fitch Warns on What Happens to the US as Dollar's 'Pre-Eminent Reserve Currency Status' Erodes |
| Why silver is a classic buying opportunity Posted: 22 Sep 2014 08:25 AM PDT Silver prices have fallen like a stone but this sort of market action could just represent a classic over-sell and buying opportunity. Todd Horwitz, author and founder at Averagejoeoptions.com, and Bloomberg's Olivia Sterns and Joe Deaux, examine the silver trade and the factors that could drive the price higher. They speak in today's ‘Futures in Focus’ on ‘In The Loop’… |
| Eric Sprott: Get Your Money ‘Out of Banks and into Something Tangible’ Posted: 22 Sep 2014 08:15 AM PDT The most important factor right now is the physical shortage of gold. The declining amounts of gold in Shanghai storage suggest we are getting close. So I expect something to happen in the physical gold markets soon. I probably have 70 or 80 percent of my portfolio in precious metals right now, and I […] The post Eric Sprott: Get Your Money 'Out of Banks and into Something Tangible' appeared first on Silver Doctors. |
| Marshall Swing: Silver $17 Handle: BUY NOW. Period. Posted: 22 Sep 2014 08:10 AM PDT I have written several times previously my absolute BUY signal is $18 and below… We now have a $17 handle in silver. If you have the ability to buy with all your cash then I fully recommend buying physical now and not waiting a minute more for a lower price. I highly recommend liquidating all […] The post Marshall Swing: Silver $17 Handle: BUY NOW. Period. appeared first on Silver Doctors. |
| Jim Willie: The Crash Heard Round the World- Saudis to Reject USD for Oil Payments Posted: 22 Sep 2014 08:05 AM PDT Putin kicked out the Rothschild bankers from his country. Putin interrupted the USGovt heroin trade supply routes out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China. Thus Russia cannot be isolated any more […] The post Jim Willie: The Crash Heard Round the World- Saudis to Reject USD for Oil Payments appeared first on Silver Doctors. |
| Silver Slaughter- Are We Headed to $15? Posted: 22 Sep 2014 08:03 AM PDT With silver smashed to a new bear low breaking long term support at $18/oz Friday, Alasdair Macleod joined the show to break down the trading action in precious metals, discussing: Friday’s silver slaughter- is the bottom finally in, or are we looking at a silver bloodbath on the Globex open Sunday night and a drop […] The post Silver Slaughter- Are We Headed to $15? appeared first on Silver Doctors. This posting includes an audio/video/photo media file: Download Now |
| Nowhere To Hide As Minority Report-Style Facial Recognition Technology Spreads Across America Posted: 22 Sep 2014 08:00 AM PDT What is our society going to look like when our faces are being tracked literally everywhere that we go? As part of the FBI’s new Next Generation Identification System, a facial recognition database known as the Interstate Photo System will have collected 52 million of our faces by the end of 2015. But that is […] The post Nowhere To Hide As Minority Report-Style Facial Recognition Technology Spreads Across America appeared first on Silver Doctors. |
| Gold: Support at 1200/1184, resistance at 1231/1241 Posted: 22 Sep 2014 08:00 AM PDT fxstreet |
| Gold could fall to 1180 1184 levels on dollar strength: Barclays Posted: 22 Sep 2014 07:29 AM PDT Barclays in a weekly report said that absence of basing signals and weekly close below the $1240 range, add to the downside bias for gold in the near term.Marginal cash cost is estimated at $988/Oz while marginal all-in sustaining costs were $1285 an ounce |
| PM Fund Manager on Worst PM Manipulation in 14 Years: Something Ominous This Way Comes Posted: 22 Sep 2014 07:05 AM PDT The precious metals have been under the most intense and concentrated period of downward price manipulation by the Federal Reserve/U.S. Government that has occurred over the last 14 years, except for the summer/early fall 2008. Something really bad is occurring behind the scenes with our economic and financial system that is not yet obvious. But […] The post PM Fund Manager on Worst PM Manipulation in 14 Years: Something Ominous This Way Comes appeared first on Silver Doctors. |
| China investors scouring for gold, copper, infrastructure assets Posted: 22 Sep 2014 06:52 AM PDT The country this month simplified rules to make it easier for domestic companies to invest overseas. |
| US households most heavily invest in stocks since 2000 Posted: 22 Sep 2014 06:31 AM PDT US households have the most invested in the stock market since 2000, the year of the dot-com crash which still holds the record for the most over-invested year on record. Retail investors have gotten so bullish they are selling gold to buy stocks when they should be doing precisely the reverse to protect themselves against the coming stock market crash. Still that’s a difficult argument to peddle when stocks are rising and gold heading lower. Over-invested Federal Reserve data shows that stock holdings are now an average of 35 per cent of total financial assets held by households. Market performance after such peaks in allocation can be disappointing to say the least. After stock investment peaked at 31 per cent in 1968 share prices fell for the next 14 years. The S&P 500 has recently broken out above a triple-top formation but this could be a false signal, and in that case an Elliott wave pattern would take the index below 5,000 points. History shows time and again that the crowd is usually wrong in investment. Betting against the crowd therefore works far better than running with it. Everybody always thinks they will be able to duck out at the last minute and sell but very few ever do. Will it be different this time? |
| Gold: Key Resistance Creating Room For A Minor Correction Posted: 22 Sep 2014 06:05 AM PDT investing |
| Gold threatens $1,200, silver slumps Posted: 22 Sep 2014 05:30 AM PDT Monday morning silver and gold prices were particularly weak. |
| Heavy gold ETF sales - Phillips Posted: 22 Sep 2014 05:21 AM PDT Get the latest ETF gold sales figures in daily commentary by Julian Phillips of the Goldforecaster. |
| Marshall Swing: Silver $17 Handle: BUY NOW. Period. Posted: 22 Sep 2014 05:21 AM PDT
Click here for more from Marshall Swing on $17 Handle Silver: BUY NOW. PERIOD: |
| Gold, silver slide as Fed outlook fuels selling Posted: 22 Sep 2014 05:20 AM PDT Dealers say more weakness is on the cards as gold presses down towards its June 2013 low at $1,180. |
| China Moves To Dominate Gold Market With Physical Exchange Posted: 22 Sep 2014 05:04 AM PDT In all aspects of the Chinese gold market, be it the commercial sector or the official sector, the importance of gold as an investment and as a backing to a future currency is being explicitly signalled by the Chinese authorities.
Shanghai Gold Exchange International Board When the International Board of the Shanghai Gold Exchange (SGE) was launched last Thursday September 18 during an evening trading session, it was notable that the first transactions were put through by a diverse group comprising HSBC, MKS (Switzerland), and the Chinese banks, ICBC, Bank of China and Bank of Communications. MKS is the Geneva headquartered precious metals trading group that also owns the large PAMP refinery company in Switzerland. There are reportedly 40 international participants signed up to trade on the SGE International Board (SGEI), but the SGE hasn’t specifically confirmed the identities of all participants. Like the domestic SGE which counts precious metals refineries as members, the SGEI will have a diverse group of trading participants including a number of international refineries as well as bullion banks and trading houses. Precious metals refineries Metalor Technologies and Heraeus have confirmed that they will be participants and along with MKS, this represents three of the largest gold refineries in the world. International bullion banks who have already announced their participation include ANZ, Standard Chartered and HSBC, and its also known that Standard Bank, JP Morgan and the Bank of Nova Scotia were said to be interested. The Perth Mint was also said to be interested. The presence of international refineries and possibly international mints as possible direct participants within SGEI trading should improve liquidity and price discovery on the new international exchange and help it become a serious competitor to the existing duopoly of gold price discovery carried on in the London OTC market and the New York gold futures market. One encouraging factor about the SGE and the SGE international platform is that there is a lot of physical gold flowing through the Exchange. Therefore, price discovery is not just based on an inverted pyramid of mostly unallocated gold as in London or mostly cash-traded futures paper gold as in New York. Like everything in China, the SGE thinks big and it currently employs a network of 58 certified vaults, 55 of which are for storing gold and 3 of which store silver. These 58 vaults are located in 36 Chinese cities that are considered important for gold refining and gold consumption and physical delivery can actually occur between the vaults. With the launch of the SGEI, the International Board has its own new vault in which international participants can load gold in and out of. The is vault is being managed by Bank of Communications and is strategically located in the Zhabei district, not too far from the Shanghai International Airport. Brinks in Shanghai will be the official transporters of gold for the SGEI. Shanghai and Hong Kong Gold Markets To Connect The vault is not a stand alone project and its real purpose is to support a CGSE gold trading platform in Shenzhen and allow this new Shenzhen gold exchange to link up with the Shanghai Gold Exchange. Shenzhen is less than one hour away from Hong Kong by rail or road. The CGSE has 171 members and between 50 and 60 of these will be registered to operate on the new Shenzhen gold exchange by as early as next month. At the CGSE announcement ceremony last week, Dr. Haywood Cheung the president of the CGSE confirmed that he has begun negotiations with the Shanghai Gold Exchange with the intention of forming a strategic alliance between the new CGSE exchange in Shenzhen and the Shanghai Gold Exchange. The main objective said Cheung “was to enable a mutual access between CGSE and the Shanghai Gold Exchange for market participants in the form of a “Shanghai Hong Kong Precious Metals Connect”, which could help the local gold & silver industry to gain access to the mainland market through the Qianhai project.” The Chinese and Hong Kong Governments and financial authorities are going to model this ‘Precious Metals Connect’ on the soon to be launched “Shanghai – Hong Kong Stock Connect”, which is an initiative between the Shanghai and Hong Kong stock markets to boost liquidity and access between the two stock markets and access between Chinese A and H shares. Chinese A shares are shares of mainland Chinese companies traded in yuan/renminbi. H shares are the Hong Kong listing of the dual-listed mainland stocks training on HK dollars. In the ‘Stock Connect’ there will be northbound and southbound daily flows of liquidity within certain limits between the Hong Kong and Shanghai stock markets. The Shanghai – Hong Kong Stock Connect initiative starts next month on October 13. The CGSE therefore is planning that their Shenzhen gold platform will become China’s second gold exchange and offer Hong Kong and the international market another route of access to the mainland Chinese gold market. This is important news and a very significant development and is worth watching over the coming months. PBOC and Gold – China Using Gold To Position Yuan As Reserve Currency
Marsh's most recent comments resonate with similar comments he made in January 2013 when he said that "it is likely that the Chinese authorities will carry on purchasing gold in modest amounts and they will do it in a way calculated not to disturb the market." Commenting on reserve diversification at the time, Marsh said that "there's no reason why the Chinese central bank should hold a disproportionate amount of other countries' reserve currencies such as the dollar." Just over a week ago, the UK Treasury announced the issuance of its first ever renminbi sovereign bond, in a move that is seen as a continued boost to the internationalisation of the Chinese currency. The proceeds of HM Treasury's issue will become part of the UK's foreign reserves in the Exchange Equalisation Account (EEA). Until now the EEA has only held gold, euros, dollars, yen and Canadian dollars. Some other central banks such as the Australian Reserve Bank already hold renminbi as part of their reserves, and others such as the Swiss National Bank are considering adding renminbi as one of their reserve assets. Last week, to coincide with the British government's renminbi announcement, David Marsh penned a commentary for the OMFIF on reserve diversification and the Chinese currency titled "A Big Chinese step for Britain: UK moves to forefront of Renminbi internationalisation". Marsh highlights that in 2015, the IMF will review the composition of their Special Drawing Right (SDR) monetary unit, and an important milestone for the Chinese currency will be "the possible inclusion of the renminbi" in the SDR. According to Marsh. "there is a growing belief that the Chinese currency now conforms to a sufficient number of standards for convertibility that it will be become one of the constituent parts along with the dollar, the euro, yen and sterling." In all aspects of the Chinese gold market, be it the commercial sector or the official sector, the importance of gold as an investment and as a backing to a future currency is being explicitly signalled by the Chinese authorities. The rest of the world should take note that when the Chinese decide on a plan, they almost invariably see it through. For gold, the Chinese are still planning big and the next phase of this plan is worth watching. These important developments in the Chinese gold market are bullish for gold in the long term and should reassure jittery investors after recent price falls. MARKET UPDATE Gold fell $7.30 or 0.6% to $1,217.60 per ounce and silver slid $0.61 or 3.3% to $17.90 per ounce Friday. Gold and silver both declined for the week at 1.06% and 4.02% respectively.
Spot gold in Singapore was trading at $1,217.60 an ounce. Gold spiraled to its weakest level since January and silver hit a 4 year low today, as investors speculate that the Fed will begin tightening interest rates sooner than expected. Spot gold fell 0.1% at $1,214.84 an ounce at 0916 GMT, while earlier it saw a low of $1,208.36. U.S. gold futures for December delivery were down $1.20 an ounce at $1,215.40. Silver touched its lowest since June 2010 at $17.30 an ounce, and was later down 0.6% at $17.71 an ounce. The gold/silver ratio, jumped to its highest since mid 2010 on Monday at 68.7. Silver is weaker despite robust physical demand globally. China’s silver imports were up 5.6% in the first eight months of the year, official customs figures showed today. Palladium imports were up 30.9% and platinum imports were down 18.9% at 49.049 tonnes. Support for silver is now at $15, the 5 year low from February 2010 (see chart). by Ronan Manly , Edited by Mark O'Byrne |
| China Moves To Dominate Gold Market With Physical Exchange Posted: 22 Sep 2014 05:02 AM PDT gold.ie |
| Gold price fall presents a good trading opportunity: Chris Vermeulen Posted: 22 Sep 2014 01:29 AM PDT In silver, the selling pressure started around July 15th of this year and the selling has not stopped. Silver futures prices dropped from roughly $21.50 to $18.50 an ounce in about two months. This represents a near 14% decline in the price of silver over the past 2 months. |
| Gold Price Analysis - September 22 Posted: 22 Sep 2014 01:20 AM PDT dailyforex |
| Dismal Week For Gold Ahead...Again Posted: 22 Sep 2014 01:15 AM PDT investing |
| Tell Us, Christos Doulis, Can Gold Act as a Safe Haven Again? Posted: 22 Sep 2014 01:00 AM PDT PI Financial mining analyst Christos Doulis says six years ago when the financial crisis was in full swing, safe-haven buying made gold skyrocket. Today, the fear component is down, as is the price... Visit the aureport.com for more information and for a free newsletter      |
| China crisis fear sends stocks and commodities lower Posted: 21 Sep 2014 11:18 PM PDT Fears that China may be prepared to accept lower growth this year sent Asian stocks tumbling while Western futures also fell along with commodities like oil, gold and silver hit hard. Chinese finance minister Lou Jiwei said China faces ‘downward pressure’ and reiterated that there won't be major changes in policy in response to individual economic indicators. Autumn arrives Group of 20 finance chiefs and central bankers meeting at the weekend said low interest rates could lead to a potential increase in financial-market risk, as major economies rely on monetary stimulus to bolster uneven growth. US housing data is due today. It is the worst kept secret in global economics that China’s 7.5 per cent growth target for this year is a complete nonsense with electricity consumption’s two per cent fall pointing to contraction rather than growth. Perhaps the emperor really is wearing no clothes this year, at least in terms of economic growth. The assumption by China watchers has always been that the mother of all stimulus packages would be forthcoming. Mr. Jiwei seems to be hinting that this is not going to happen. It’s time to tell the emperor the truth. The Chinese economy is in deep trouble with a housing bust every bit as nasty as the subprime crisis that devastated the US in 2008. There are huge implications for the global economy. We are already seeing the deflationary impact on commodities with industrial commodities like iron and copper particularly affected and oil prices also 20 per cent off their recent highs. Overinflated global stock markets should be next. Commodity producer shares are obviously in the front line. But the Chinese have become hugely significant consumers for many sectors. Japan’s sunset Its biggest trading partner after the US is Japan and the Japanese economy is in no condition to receive such a shock with a failed experiment in money printing helping to lower GDP by almost seven per cent in the second quarter. Perhaps Japan is also just a bit more honest about its figures than China. With both Japan and China is economic difficulty it is going to be hard for the US to keep its own recovery going as it was in the first quarter of this year. The eurozone is the world’s largest economic bloc and already mired in a recession. Could China now be pushing the world back into a recession? Ask the commodity producers it is already happening. |
| Alasdair Macleod’s Market Report: Another Miserable Week for PMs Posted: 21 Sep 2014 04:00 PM PDT Gold and silver drifted lower over the course of the week, with a challenge to the $1200 level for gold becoming a distinct possibility. On Friday, silver plunged below support at $18. History shows us that the most successful investors are value investors, and those experienced in precious metal markets are currently happy to buy […] The post Alasdair Macleod’s Market Report: Another Miserable Week for PMs appeared first on Silver Doctors. |
| Royal Mint's tip for investors: go for gold Posted: 21 Sep 2014 03:33 PM PDT Royal Mint encouraging people to become gold investors by opening its services to the general public with a new trading website     This posting includes an audio/video/photo media file: Download Now |
| Where the long term silver cycles are now Posted: 21 Sep 2014 02:47 PM PDT |
| Russia Adds Another 300,000 Ounces of Gold To Its Reserves In August Posted: 20 Sep 2014 12:36 PM PDT Le Cafe Américain |
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