Friday, August 31, 2012

Gold Heading to Six Month High! Silver Overtakes Stocks for 2012!

"A very noisy gappy day with much larger volume than in recent days (which all dried up in the afternoon session until the close - for the heaviest volume day in a month) in US equities. European comments lifted us early in a correlated-risk-on manner until Bernanke's speech which hit markets like a meteor - stops were run up and down - but by the close equities and the USD ended fractionally lower from pre-Ben (notably up on the day to save the month for the Dow), Gold considerably up from pre-Ben, Treasury yields down notably from pre-Ben. Near six-month highs in Gold and five-month highs in Silver were the real movers today - with their largest gains in two months. VIX ended marginally lower at 17.5% (-0.3vols); credit was very thin today and tracked stocks in general (though less volatile); USD ended the week -0.5% which matches Oil's +0.5% on the week as Copper underperformed. Silver has overtaken Stocks as the Year-to-Date winner once again..."

- Source, ZeroHedge, read the full article here:

Sunday, August 26, 2012

Debt Bomb Debt Bomb!



Great comedy video by Dominic Frisby. Funny, but at the same time very sad, because it's true.

Source:

http://dominicfrisby.com/films/debt-bomb-2

Tuesday, August 21, 2012

Will they Confiscate Gold Again?






































Sadly, more than likely it is only a matter of time before they get desperate and try. Luckily last time, most people simply didn't obey this order.

- Image source:

http://www.zerohedge.com/news/what-30-years-gold-confiscation-us-government-looks

Friday, August 17, 2012

Ben Davies - No One is Really Selling Gold

"There is no one around to really sell the gold now, so price could really move to the upside in that environment. I think that’s when we start getting to the targets we’ve talked about (in the past). None of the policy prescriptions that are being utilized at the moment are solving the situation. We can see they are making it worse. So I think it’s status quo in terms of where the gold price is going and we just need to be patient.”

- Ben Davies via a recent King World News interview, read the full interview here:

Tuesday, August 14, 2012

Gold ETF's are a Scam

"We have said it over and over, we'll say it again. For all those who for one reason or another would like to boycott the broken markets, yet trade gold in paper form, please understand that all the invested capital is at risk of total loss and can and will be lost, commingled and rehypothecated, not necessarily in that order, with little to zero recourse and the residual claim on liquidating assets pushed to the very end of the queue. Because if Lehman, MF Global, Peregrine, and countless other examples were not enough, here comes Amber Gold: a gold-based investment ponzi scheme out of Poland, in which it is likely needless to say that the gullible investors never had actual possession of the gold. And when they tried, it was gone. All gone."

- ZeroHedge, read the full article here:

Sunday, August 12, 2012

The Keiser Report - Wall Street vs City of London



"In this episode, Max Keiser and Stacy Herbert discuss the US empire stumbling into the City of London with a trickle down shakedown, after the British poodle bites the hand that feeds it. They also ask the Obama administration to either arrest the bankster for their crimes or to stop fining them as it only leads to a bigger crime wave to pay for the fines. And notice that a good way to censor the financial news is for banking fraudsters to lace their incriminating emails with expletives. In the second half of the show, Max Keiser talks to Karl Denninger of the Market-Ticker.org about high frequency trading and how to stop its use for front-running and fraud."

- Source:

http://maxkeiser.com/


Sunday, August 5, 2012

CFTC Concludes Silver Not Manipulated??

In what may be the most amusing news of the day, according to the FT the CFTC will shortly drop its 4 year old investigation into silver manipulation, "after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation." How about evidence to support an "illegal" case? Of course, that this is happening after the recent discovery that the world's most pervasive fixed income benchmark was manipulated for years, if not decades, can only be reason for laughter and wonder if the CFTC used the same assiduous diligence methods in pursuing the alleged perpetrators of precious metal manipulation as it did in letting the fraud at PFG slip through its fingers for two decades. We will probably never know, or at least not until an email mentioning bottles of Bollinger and silver price "fixing" in the same sentence inexplicably turns up and makes a complete mockery of the CFTC yet again.

Read the full article at Zerohedge here:

Wednesday, August 1, 2012

Fed Disappoints? Draghi Totally Impotent

And not only did the Fed disappoint, but it didn't even extend ZIRP through 2015. Sorry Hilsenrath, better luck next time.


  • FED SAYS IT WILL PROVIDE ADDITIONAL ACCOMMODATION AS NEEDED'
  • FED REPEATS EXCEPTIONALLY LOW RATES AT LEAST THROUGH LATE 2014
  • FED SEES INFLATION OVER MEDIUM AT OR BELOW MANDATE LEVEL
  • FED TO KEEP REINVESTING HOUSING DEBT TO MORTGAGE SECURITIES
  • FED SAYS HOUSING SECTOR REMAINS DEPRESSED
  • LACKER DISSENTS FROM FOMC DECISION

And if markets are surprised by this goose-egg according to which the September FOMC will at best be the ZIRP extension that was supposed to take place today just so Congress can sort its own mess out with the Fed, wait until Draghi confirms what we said last week: that he was merely posturing and is totally impotent without the Buba's blessing. Then you will see pain in a market which is 5% higher than where it would be absent his headfaked posturing.

- Read the full article at Zerohedge here:

Subscribe to our Free Gold & Silver Financial Newsletter