Saturday, December 29, 2012

Michael Pento - Gold to Break $10000

"It wouldn’t surprise me if gold eventually goes to $10,000 an ounce or even higher because there is no limit to the productive capacity of central bankers to produce currency. I think it would be more surprising if gold didn’t go to $10,000 an ounce. When the US dollar loses its world reserve currency status and the US bond market collapse is in full swing, a $10,000 gold price may prove to be very conservative.”

- Michael Pento via a recent King World News interview, read the full interview here:

Sunday, December 23, 2012

Marc Faber on CNBC - Reality vs Delusion


"A Cassandra is a hopelessly honest person, while a Pollyanna is an incredibly hopeful person, the incurable optimist. Cassandras are often disparaged as "nattering nabobs of negativism/negativity," instead of being looked upon as prophetic realists, while Pollyannas are deservedly dismissed as the "pandering puppies of positivity/positivism." To wit, this wondrously self-satirical clip pitting Marc Faber's doom-and-gloom reality with Becky Quick's boom-and-boom status quo."

- Sources: ZeroHedge and CNBC:

http://www.zerohedge.com/news/2012-12-23/cassandra-marc-faber-versus-pollyanna-cnbc#comment-3092002

http://www.cnbc.com/id/15839263/Video_Gallery


Wednesday, December 19, 2012

Currency Debasement Is Assured

"The fundamentals for gold are unassailable, the long technical picture is excellent and gold remains very inexpensive when compared to almost every other alternative (most particularly, bonds, treasury bills and bank deposits). With currency debasement assured and some form of hyperinflation probable, gold should trade at several multiples of the current price before this bull market reaches its end."

- By John Embry

Friday, December 14, 2012

The Physical Market is Reasonably Tight

"The physical market (for gold and silver) is reasonably tight. You’ve seen things like China, which is now arguably the largest gold producer in the world, being the largest gold importer in the world. You are seeing steady physical off-take in a market where the futures markets would seem to be adequately balanced between buyers and sellers.

So you aren’t seeing advances in the long prices of gold. But what you are seeing is continued physical off-take. I think, ultimately, that will be reflected both in the spot price of gold and in the futures prices of both gold and silver. You know we’ve now bought $4.3 billion worth of gold and silver.

I would suggest that within Sprott we are developing a core competency in terms of our ability to time our offerings to the availability of gold and silver in the market. We did have a problem a year ago obtaining silver when one of our offerings raised more money than we had anticipated it would.

But we’ve learned a lot about the physical market for gold and silver bullion. So, at least in the current context, were we to do an offering on the gold and silver side, my suspicion is we would be fairly competent at deploying the capital we raised in equity markets, in (to) the physical markets.”

- Rick Rule during a recent King World News interview, read the full interview here:

Thursday, December 6, 2012

This Will Consume 30% - 50% of Silver Production

“Silver is not just a medium of exchange. It has a longer history as a medium of exchange than even gold, but it’s much more than that. So when I talk about photovoltaics, I’m talking about just one use of this incredible metal. But this one use, by my calculations, will consume an inordinate amount of silver within the next five to seven years.

I’m talking about the need for 700 gigs of photovoltaics between now and 2020. The amount of silver that we are going to need just for photovoltaics will amount to 30% of all the world’s yearly supply. In other words we will need 30% of those tons (of world silver production) just for this one use. By 2020, the amount that we will need (is a staggering) 50% of the world’s (yearly silver) mine supply.

Now consider the fact that silver is also used for all of these other industrial uses, investment (purposes), jewelry, and so many other kinds of applications. There is no way I can see of connecting these dots (in terms of silver supply). I would stock up on silver."


- Stephen Leeb via a recent King World News interview, read the full interview here:

Saturday, December 1, 2012

Here Comes the Fiscal Cliff


















Presented without explanation. I think this picture speaks for itself.

Wednesday, November 28, 2012

15 Year of Resistance in Gold and Silver to be Crushed

"There will ultimately only be one resolution to these games which are being played, and that is a massive explosion in the price of gold and silver. I’m never going to be happy until I see gold up $100 and silver up several dollars in one day because then I will know that the resistance which has constantly been there for 15 years has finally been overcome. We are now getting very close to seeing that event take place.”

- John Embry via a recent King World News interview, read the full interview here:

Saturday, November 24, 2012

Wealthy Investors Continue to Buy Gold

"We just had reports that both Paulson and Soros have been adding to their gold positions, which now total roughly $4 billion. It doesn’t surprise me that they are adding to positions. My suspicion is that in the coming months we are going to see more reports of large and influential investors doing the same thing.”

- Rick Rule, via a recent Kind World News interview, read the full interview here:

Monday, November 19, 2012

Niall Ferguson - The Rise of China



"Harvard Professor Niall Ferguson talks to GoldMoney's Alasdair Macleod about global politics, with special emphasis on China's prospects and challenges in the years ahead.

They discuss the political and economic situation in China, and the need for the Chinese government to start privatising state enterprises, reshape the country's rule of law and globalise the renminbi. For Ferguson, the key question is whether or not Beijing will introduce reliable private property rights so that the rising middle class can feel secure.

China fears that its large dollar claims will be worth much less in the future. Besides complaining about this, they are looking for ways to diversify their wealth and revenue stream. Ferguson points out though that there are limits to their ability to secure hard assets. They also discuss China's relationship with Russia and its role in the Shanghai Cooperation Organisation.

Ferguson states that the gold flow from "the West to the Rest" is reflective of declining Western power. The world's centre of gravity is shifting east -- a shift that is going to continue, and that is taking place at an extremely fast pace when looked at in a historical context. Though China's economic expansion could slow, Ferguson expects another 20 years of solid growth before demographic problems force the country's economy to stall.

Finally they talk about Japan's debt problems and the faulty design of the European currency union. Though Ferguson expects the eurozone to stay together, he expects a Japanese-style "lost decade" -- and one sadly lacking in Japanese-style social harmony."

- Source, GoldMoney Research:

Friday, November 16, 2012

Kyle Bass - Very Few Get the Crisis Correct

"Hayman Capital Management's Kyle Bass talks the European debt crisis. He speaks with Bloomberg's Stephanie Ruhle on Bloomberg Television's Market Makers."

- Source Bloomberg TV:

http://www.bloomberg.com/video/kyle-bass-very-few-get-the-crisis-correct-GZ5Fsll9RF~yT8xyt6hsuA.html

Sunday, November 11, 2012

Bill Gross - It's a Grand Canyon

"US fiscal cliff deeper than advertised. Its a Grand Canyon. Washington will defer entitlement cuts & raise revenues only marginally."

- Bill Gross via a recent twitter comment:

Tuesday, November 6, 2012

The Gold Shorts are Panicking

“It would not surprise me to see a melt-up as the day progresses after-hours or overnight if gold clears $1,720 and does not fall back. Gold could head quite rapidly to $1,740. The strange thing about this is the dollar has barely budged in all of this, so we have to keep an eye on the integrity of this move.

The trading is all about momentum and panicked short covering right now...."

- Trade Dan Norcini via a recent King World News interview, read the full interview here:

Tuesday, October 30, 2012

Silver Stocks are Cheaper than Dirt

"Silver is still selling on the bargain table, and the silver stocks were selling below bargain table prices. But look at the silver stocks now. Something BIG could be brewing. Maybe it's time to buy GDX and GDXJ or even SLV. Silver, the “forgotten” commodity, is coming into its own. How do we know that? The silver stocks are telling us so."

- Richard Russell via a recent King World News interview, read the full interview here:

Wednesday, October 24, 2012

Bundesbank Secretly Withdraws Two Thirds Of Its London Gold

"Two days ago we reported that the German Court of Auditors demanded that the German Central Bank, the Bundesbank, verify and audit its official gold holdings consisting of 3,396 tons, held mostly offshore, namely New York, London and Paris, at least according to official documents. It also called for repatriation of 150 tons in the next three years to perform a quality inspection of the tungsten gold. Today, in a surprising development, via the Telegraph we learn that none other than the same Bundesbank which is causing endless nightmares for all the other broke European nations due to its insistence for sound money, decided to voluntarily pull two thirds of its gold holdings held by the Bank of England. According to a confidential report referenced by the Telegraph, Buba reclaimed 940 tons, reducing its BOE holdings from 1,440 in 2000 to 500 in 2001 allegedly "because storage costs were too high." This is about as idiotic an excuse as the Fed cancelling its reporting of M3 in 2006 because "the costs of collecting the underlying data outweigh the benefits." So why did Buba repatriate its gold? Ambrose Evans-Pritchard has an idea..."

- Source, Zero Hedge, read the full post here:



Thursday, October 18, 2012

Dominic Frisby & Mike Hampton - Sound Money and Competing Currencies



"Trader and investor Michael Hampton talks to GoldMoney's Dominic Frisby. They discuss the importance of sound money, the shrinking of the middle class and currency competition.

Dominic Frisby states that the extraordinarily uneven distribution of wealth in country's like Britain and America is a consequence of our system of money. Those who receive the newly created money first benefit over those who don't -- a process which compounds over time and leads to an ever greater concentration of wealth among the top 1%. They also point out that government redistribution of wealth -- whether via inflation or through welfare payments -- is placing incredible pressure on the middle classes, who are finding themselves squeezed like never before.

Currency competition would take away the state monopoly on money and thus its ability to redistribute wealth via inflation. Dominic's favoured model is to go back to metal money that is stored in vaults, and where ownership can be transferred without much effort. Bitcoin is another example of an independent currency. They also talk about the idea of a currency that is backed by equities. The free market is best at creating the most efficient solution to a problem -- which in this case is the need for a reliable international currency."

- Source:

http://www.goldmoney.com/goldresearch.

Wednesday, October 17, 2012

The London Trader - We Were Within a Hair of a Major Price Explosion

“It got to the point where the vast majority of stops were located near the $1,810 level. If gold would have pierced $1,810, that would have tripped the vast majority of all of those weaker, underwater commercial short positions out of the market. This would have created enough of a short squeeze that we would have seen new highs in gold very rapidly.

This would have been a literal failure by these commercials (commercial signal failure). The gold market got to within $10 of their stops. Why do you think the bullion banks threw everything they had at the gold market at the $1,800 level? We were within a hair of a major price explosion, and disorder in the gold market."

- The infamous insider "The London Trader" via a recent King World News interview, read the full interview here:

Saturday, October 13, 2012

What Form of Silver is Best to Hold?

"We talk a lot about the importance of owning precious metals… and often for the sake of convenience, we lump gold and silver together in the same category. But while the two share similar characteristics as excellent inflation hedges and stores of value, silver has unique fundamentals worth considering. For starters, while the entire gold market is small, the silver market is even smaller. This means that, in a boom, silver is going to rise more rapidly than gold. In a bust, silver is going to drop more rapidly. This gives silver an interesting edge as a speculation. And one way to play this is to buy specific types of silver whose premiums soar during financial panics..."

- Read the full article at ZeroHedge here:

Friday, October 5, 2012

Gold and Silver Are the Safe Havens

"Gold and silver are the safe havens that have existed throughout civilization. So that’s what people who see a de-civilized society being destroyed by anti-human bankers and financiers, that’s why so many people are putting their money in gold."

- Gerald Celente via a recent King World News interview, read the full interview here:

Friday, September 28, 2012

Gold is Going to be the Currency of Choice

"The inflation we will have to endure to get out of this situation will cause a lot of chaos, but I think that’s where we are headed. But whether we have inflation or deflation, gold is going to be the currency of choice. So far we have not seen much of a setback in gold, even if gold went down to $1,700. But we have to recognize that the selling (of any physical gold) right now are those looking for liquidity, maybe to buy food, who knows?

But the bottom line is we are going to inflate the world out of this debt crisis. All of these central banks stand ready to create more money. So I expect this pull back in gold to be short-lived. Draghi is pushing so hard for money printing because he doesn’t want to see the Europe descend into utter turmoil. That’s why gold will stay strong."

- Stephen Leeb via a recent King World News interview, read the full interview here:

Saturday, September 22, 2012

Hoarder Dies - Kids Find $7 Million Worth of Gold

"A recluse died alone in June with only $200 in his bank account, but it turns out he was hoarding lots of gold inside his simple Carson City home – $7 million worth to be exact."

Wow this is a crazy story, all I can say is congrats to this man for keeping such a tight lip for so long. This just proves that the ultimate security for your gold and silver is to keep quiet and tell no one.

- Read the full story here:

Tuesday, September 18, 2012

Bernanke Wants to Create More Inflation

"Bernanke said he was going to print for the foreseeable future with no deadline on it. What was lost in the shuffle was that he said he was going to continue this policy well after the economy recovered. Bernanke was actually saying that wants to create more inflation. That’s his goal because he wants people to spend now. The question becomes once it starts will he be able to stop it? I don’t think so."

- Stephen Leeb, via a recent King World News interview, read the full interview here:

Thursday, September 13, 2012

Bernanke - A Gold Bug's Best Friend

"There was one thing, ONE THING only that Bernanke could do, to become a gold bug's best friend today, than merely announcing QE 3/4. It was to announce open-ended QE. This means this is the Fed's final shot and there is no way to frontrun the Fed any more by definition. It means the terminal start of currency debasement is now here. It also means that the path to all time nominal (and inflation adjusted) highs in gold, which is now just $160 away, silver, platinum, and all other metals, as well as all other hard assets is now clear. It also means that very soon stocks are about to realize what soaring "input costs" mean for the bottom line.

Thank you Chairsatan: you are truly a gold bug's bestest friend!"

- Source ZeroHedge, read the full article here:

Wednesday, September 12, 2012

QE3 To Be Announced Tomorrow?



Stay tuned for a turbulent day tomorrow! All eyes are on the FED, in particular helicopter Ben. Why? Because tomorrow there is extreme pressure for the FED to announce QE3. If this happens gold and silver will likely rocket higher and make their journey to new highs by the beginning of next year.

But not everyone seems to think that the FED will announce a new quantitative easing program tomorrow. The experts are split down the isle. One notable expert that is staking a 99% chance that the FED will announce QE3 tomorrow is Michael Pento. He has even gone as far as to say that he will stake his reputation on it. This was said during a recent King World News interview.

Regardless of the outcome the market is going to get choppy tomorrow. If Bernanke announces QE3 tomorrow expect a huge spike in commodities. If he doesn't expect a sharp pull back.

Either way the long term picture remains gold and silver positive. If not tomorrow than in the near future the FED will be forced to announce additional money printing. The trend is your friend.

Tuesday, September 11, 2012

Gold and Silver Rally in August

"In what is usually a strong month for these commodities, the price of gold and silver rallied. Speculation about more money printing by central banks helped to spur interest in precious metals, which are regarded by many investors as a buffer against inflation."

- Source: Globe and Mail, read the full article here:

Friday, September 7, 2012

Massive Short Squeeze Sends Gold to Seven Month High

"Total meltup panic and confusion in all but the US equity market where the INTC punch has sent stocks reeling, as an epic, Volkswagen-like short covering squeeze has taken the EURUSD up well over 100 pips in the past few hours (with technicals now running rampant as predicted three months ago), and where gold has now soared by nearly $40 on the day, sending it to just shy of $1740 and at the highest level since February. And all of this is happening without the Fed having announced QE, which it very well may not as it would then be seen as a largely political organization, or the ECB having bought a single bond under its restarted conditional monetization program, which paradoxically still needs Spain to crumble and demand a bailout before any of its bonds are eligible for purchases. In short: total centrally planned confusion, whose ultimate achievement will be to scare the last remaining non vacuum-tube based traders out of the market."

- Source: ZeroHedge, read the full article here:

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:

Thursday, July 26, 2012

You Will Really see the Shorts Panic

“The gold market has been in this consolidation pattern, and building a base for a long time now. The bigger the base, the larger the move out of that base. If we get a breakout from this very large base that gold has been in, and gold is able to take out $1,700 on the upside, that is where you will really see the shorts panic.

If gold breaks $1,700, it will be absolutely devastating to the gold shorts. With a break above $1,700, I would expect gold to move very quickly to the $1,800 level because of the amount of energy that’s going to be unleashed in that market.”


- Trade Dan Norcini via a recent King World News interview, read the full interview here:

Monday, July 23, 2012

Oil and Gold Seasonals Suggest Buy Buy Buy!

"The long-term seasonal data for gold and oil has not just remained relatively highly correlated over time but, as Barclays points out today, has very clear periods of bearishness, consolidation, and bullishness. While Gold may have another month of treading water, the period from September to mid-October is empirically bullish while Brent's August to mid-October period is the most bullish segment of the year. Given gold's stability in the past month or so since the EU Summit, and oil's surge (and modest pull-back very recently), seasonals certainly provide some technical support for BTFD here in these QE-sensitive, real assets."

- Read the full article at Zero Hedge here:

Monday, July 16, 2012

The European Union Has found the Solution!

Finally! The bureaucrats in Europe have discovered the solution to the worldwide debt crisis! /end sarcasm

Saturday, July 14, 2012

The Banking System is Corrupt. Dilbert Gets it!

It seems that even Dilbert understands the current corruption that is the banking system. So the question is, when is the general public going to wake up?




Thursday, July 12, 2012

Everyone Should Have Gold and Silver

"I believe everyone should have gold and silver in his or her own private possession, where you can lay your hands on it, because they are one of the few financial assets that can be completely private and not part of the financial system."

- Mike Maloney

Keiser Report: Ponzi Overdose

 

"In this episode, Max Keiser and co-host, Stacy Herbert, discuss the naked crime wave resulting from an overdose of synthetic stimulants like quantitative easing, bailouts and low interest rates. In the second half of the show Max talks to Ian Fraser of IanFraser.org about the Li(e)bor scandal and other banking crime waves emerging from the City of London."

Sunday, July 8, 2012

Gold Market to Explode Higher in Price

"Commercial banks currently hold $1.42 trillion worth of excess reserves with the central bank. If that money were to be suddenly released, it could, through the fractional reserve system, have the potential to increase the money supply north of $15 trillion! As silly as that sounds, I still hear prominent economists like Jeremy Siegel calling for just such action. If they get their wish, watch for the gold market to explode higher in price as the dollar sinks into the abyss."

- Michael Pento via a recent King World News article, read the full article here:

Friday, June 29, 2012

Gerald Celente on Old-Man Europe, Romney & Sons, and a Golden Summer



Germany and Greece faced off today in the Eurocup 2012 with German newspapers pushing headlines like "bye Greeks, we can't save you today." But can anyone in Europe save the monetary union from itself? Mario Monti, Italy's technocrat prime minister says there is only one week left to do it, but looking back at older headlines, it appears there have been many times Europe had only "one week left," or "ten days left." What's up with that?

And while we are on the topic of déjà vu...more ratings downgrades were issued yesterday. This time, it was Moody's downgrading 15 of the largest global banks, and its become a bit like white noise. We get it, worries are widespread, so the question is where is the safest place tohide from the tale risk of a worst-case scenario? Will we see another credit crunch, or is the best case just more "muddling through?"



Sunday, June 24, 2012

QE to infinity

"There is only one tool that can be effective in a liquidity crisis now and that is QE to infinity. For that reason it is coming. The longer it takes to come the greater it must be."

- Jim Sinclair

Friday, June 8, 2012

Reeving up the Printing Presses

"Fortress Paper Ltd. announces that its wholly-owned subsidiary, Landqart AG, a leading manufacturer of banknote and security papers, has had a material banknote order reinstated. This order was unexpectedly suspended in the fourth quarter of 2011 which negatively impacted the financial results of Landqart's operations in the first half of 2012."

- Read the full article at ZeroHedge, here:

Wednesday, June 6, 2012

Chinese Gold Imports Spike to Staggering Record Level

“Today the Chinese had record imports (of gold, roughly 104 tons) from Hong Kong. The point is the Chinese are pretty smart about this and they are buying gold in record amounts.

If you have a race to the bottom with all paper currencies, who is going to win? Is it any accident that the BIS, who define the rules for banks, are actually considering making gold a Tier-1 asset? That could imply a re-pricing of the gold market. I mean massive re-pricing because all of a sudden (gold) is, de facto, backing up some of these currencies.

I think that’s where we’re headed. I don’t see how you avoid it. Gold is taking center stage.”


- Stephen Leeb, via a recent King World News interview:

Monday, June 4, 2012

China Purchases A Record 100 Tons Of Gold In April

A month ago we were delighted to counterpoint Charlie Munger's prior remarks about the level of "civilization" of a given consumer based on their sentiment vis-a-vis gold, by demonstrating that Chinese purchases of gold from Hong Kong rose to a record. To wit: "Imports from Hong Kong were 135,529 kilograms (135.53 metric tons) between January and March, from 19,729 kilograms in the year-earlier period, according to data from the Census and Statistics Department of the Hong Kong government. Shipments in March rose 59 percent from February, yesterday's data showed." We have just gotten the April update, and, lo and behold, the country which is now the biggest buyer of gold, having surpassed India, just set a new record: "Gold imports by mainland China from Hong Kong climbed 65 percent to a record in April, advancing for a third straight month as investors sought a hedge against financial-market turmoil and an economic slowdown.Shipments totaled 103,644.5 kilograms (103.6 metric tons) in the month from 62,913 kilograms in March, according to export data from the Census and Statistics Department of the Hong Kong government today. In the first four months, imports were 239,174 kilograms from 27,114 kilograms a year earlier, according to Bloomberg calculations. China doesn’t publish such figures." In other words: in the first four months of 2012 Chinese purchases have increased by an unprecedented 782% over 2011.

- Source, Zero Hedge:

Sunday, May 20, 2012

Alasdair Macleod: All Roads in Europe Lead to Gold



"This week we bring back Alasdair Macleod, publisher of Finance and economics.org, because, as he puts it "every horror that we discussed last time we spoke is coming about". Especially scary since our previous conversation with him was less than three weeks ago...

Today's interview continues building on his excellent synopsis from last month that detailed the origins of the Eurozone crisis. The fundamental shortcomings warned of at the Euro's creation in 1997, combined with the excessive sovereign debts run up since then, have finally expressed themselves at a scale too large to be contained any longer.

Today, Alasdair details in-depth the huge and serious challenges facing Greece and the major Eurozone countries, and the likely impacts of the fast-dwindling options left remaining.

He sees no happy ending to this story, no outcome in which serious pain and permanent behavior change can be avoided. And for those looking for shelter from the unfolding economic storm, he sees few options besides the precious metals (which he believes are severely under priced at the moment)."


- Source:

Tuesday, May 15, 2012

Mike Maloney - Paper Price Pullbacks 1 Year Later



In this 1 year old video Mike Maloney, CEO and founder of GoldSilver.com with James Anderson, Managing Director at GoldSilver.com, they talk about the following topics:
* The entire bull market of silver
* The supply and demand fundamentals
* There is no scenario in which gold and silver do not rise
* Beware the pitfalls - professional scams
* Measuring wealth in ounces, not in dollars
* Currency is currency, not "money"
* The big gains coming based on history
* The Wealth Transfer - transfered from us to the big banks
* "The key of this game is to ask yourself how many ounces you have"

Tuesday, May 8, 2012

It’s Official, The Economy is Heading Down



"There has been so much bad economic news out, recently, I do not see how anyone with half a frontal lobe could say the economy is not in trouble. Friday, new unemployment figures were announced, and a weak 119,000 jobs were created. The rate fell to 8.1%, but only because more discouraged workers stopped looking for work and disappeared from the government’s data base. In Friday’s report, economist John Williams of Shadowstats.com summed it all up by saying, “The headline U.3 unemployment rate dropped a statistically insignificant notch to 8.1% in April, from 8.2% in March, but the “good” news was anything but good. The declining pace of headline unemployment reflected an accelerating increase in the number of the headline unemployed giving up looking for work, because there were no jobs to be had. . . . The SGS-Alternate Unemployment Measure, accordingly, notched higher in April to 22.3%, from 22.2% in March.” 

So, unemployment in the real world actually went up—not down. According to outplacement firm Challenger, Gray & Christmas, planned job cuts rose 7.1% in April, and more than 40,000 more workers are going to be laid off."


- Read the full story here:

Wednesday, May 2, 2012

John Embry - I Took Delivery of More Physical Gold Today!

"Today I took delivery of more physical gold because I think this is a great time to be adding to your position. Eight months ago it was over $1,900 and today it’s $1,650. Savvy investors will buy these dips in bull markets and that’s what I’m doing personally.

Once gold exits this range that it’s been in now for a considerable period of time, it will exit violently to the upside. I keep saying it, but the physical market is gradually overcoming the paper market, and the paper market, in a word, is preposterous.”


- John Embry via a recent King World News interview, read the full interview here:

Thursday, March 22, 2012

Jim Sinclair to Leave the United States?

The following was posted by Jim Sinclair just today. Does this mean he is leaving the United States? Is it time to get out of Dodge?


According to Dean Harry Schultz, the way to live your life involves the following:

- Money in one country
- Citizenship in a different country
- Body in another country where neither your citizenship nor money resides.

I have resisted this sage advice from Harry for many years knowing that the day might come when his genius proves true.

That day has come.

Seriously consider this advice.

Respectfully,
Jim


- Source JSMineset.com:

Saturday, March 17, 2012

Egon von Greyerz - Gold Will have an Explosive Move to the Upside

"First of all, we know the debt levels are too high today and gold is starting to reflect that. But because less than 1% of world financial assets are in gold, we have yet to really see the gold market react to all of this massive money printing. Once the gold market starts reacting to all of this, that’s when gold is going to go exponential.

It doesn’t matter whether investors are buying gold at $1,600 or $1,800, it’s irrelevant in the long-run. What’s important is they are invested in physical gold in order to preserve their wealth.

I believe that QE will and must start very soon. This will either happen in April or the gold market will anticipate its start at that time. The Treasury bond market, which is going down fast, is already smelling inflation and QE. So I believe we are nearing the time period where gold will have an explosive move to the upside.”

Egon von Greyerz via a recent King World News interview, Read the full interview here:

Tuesday, March 13, 2012

John Hathaway - 9 Key Points for the Gold & Silver Markets

1.The recent sharp decline appears to have been another test of the December low of $1532/oz intraday. Gold fell to $1675 on March 9th from $1788 including a drop of $72 on February 29th. So far, the downside was contained near the 200 day moving average. From a purely technical standpoint, the uptrend in gold seems intact.

2. Still, we may see another test to shake out weak hands in the next month or so.

3. Gold shares remain cheap relative to the gold price, with robust earnings reports in the Q4 2011, and strong earnings are likely to repeat in the 1st quarter of 2012.

4. Bernanke’s comment on February 29th, that future QE was unlikely, was the spark for the recent sharp decline in gold and other precious metals. Additional pressure has come from the flow of favorable reports on the US economy.

5. The fact that gold has survived the negative news flow from the monetary and economic front is encouraging. If gold can withstand the apparently changing narrative that had underpinned a bullish stance on gold, it will be a sign of enormous strength.

6. What is it that conventional wisdom has not already discounted that could propel gold much higher? We can only guess at this stage, but it is far more preferable for the precious metals complex to exhibit strength for no apparent reason, as opposed to when everybody thinks the reasons are obvious (which had been the case until this most recent pullback and the apparent change in the news flow.)

7. We believe that the precious metals story is far from over, but it may be changing from the point of view of the simple minded commentary one is exposed to in most of the financial media.

8. The future rationale for investing in gold will most likely be found in the difficulty that central banks encounter in trying to unwind unprecedented monetary largesse. This could take the form of a disastrous market for government securities or an extended period of inflation which further undermines confidence in paper currency. It could come from some sort of economic difficulty which raises the prospect for further quantitative easing in the Western democracies.

9. In any event, we believe it is far too soon to sound the “all clear” signal with respect to abandoning the protection against monetary debasement that gold provides.

- John Hathaway via a recent King World News interview, read the full interview here:

Sunday, March 11, 2012

Sinclair - Greek Tragedy Part of $37 Trillion, Not $3.5 Billion

"Very simply, the number is not $3.5 billion. It’s some part of $37 trillion. The emergency swaps from the Fed could total in the trillions of dollars. This is based on my strong belief that the figure of $3.5 billion is not accurate.

The implications of this, if it comes to pass, are a second rescue of approximately eight international banks. Central planners would attempt to totally camouflage this and it would only be readable by tracking swaps from the Fed because the Fed is the lender of last resort.

This type of event would be the ‘meat’ by which Alf Fields would be proven right on his $4,500 projection for gold..."

- Read the full interview at King World News here:

Wednesday, March 7, 2012

Rick Rule - Gold & Silver Plunge Has Quality Assets on Sale

“If you want to be long gold and silver, if you like real currencies as opposed to fiat currencies, you have to like days when you can buy it cheaply. I’ve been around this type of action for 35 years and I suspect, before I shed my mortal coil, I will purchase much more physical gold and silver bullion.”


- Rick Rule via a recent King World News interview:


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/7_Rick_Rule_-_Gold_%26_Silver_Plunge_Has_Quality_Assets_on_Sale.html




Tuesday, February 14, 2012

Jim Sinclair - Central Banks Trying to Keep Gold from Rising Violently

“I am not a member of the school that believes central banks are trying to keep the price of gold from rising. Central banks are trying to keep the price from rising violently. Volatility is the key. Price is secondary to the volatility of the gold market as it challenges currency markets and creates an imperative to action.

The attempts and activities of the central banks, in gold, is not by any matter of means to control price, as it is to control volatility. (This is being done so they don’t have to) unmask the mechanism of what is bringing to you a new monetary system. The mechanism is called liquidity. Gold is liquidity."

- Jim Sinclair via a recent King World News Interview. Read the full interview here:

Tuesday, February 7, 2012

Jim Sinclair "Consolidate Your Holdings and Save Your Money"



"In this interview, Ellis Martin speaks with Jim Sinclair about the "positive employment outlook" reported by the government and the media and the exuberance associated with it. Where do these numbers come from? Mr. Sinclair also has compelling advice for the listener regarding how to protect oneself from the ultimate endgame related to Quantitative Easing and the decline of the dollar. What is China’s direct influence or input in QE 3? Is it in their best interests to prop up the dollar and the US economy? How relevant is the Yuan? Listen to another unedited interview."



Saturday, February 4, 2012

States Seek Currencies Made of Silver and Gold

A growing number of states are seeking shiny new currencies made of silver and gold.

Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.

"In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System ... the State's governmental finances and private economy will be thrown into chaos," said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.

Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make "gold and silver Coin a Tender in Payment of Debts."


- Read the full article at CNN here:

Tuesday, January 31, 2012

James Turk, "We could easily go over $2000 per ounce" for gold in 2012

"James Turk speaks makes a prediction about where the price of gold will head in the new year, along with his outlook for central bank printing, and the problems in europe in light of increased liquidity hoarding by banks at the ECB's deposit facility. James Turk also reminds us that nothing moves up always and forever, and the type of correction we have seen in gold recently is normal, and a good buying opportunity."


Ellis Martin Report with David Duval of Tanzanian Royalty Exploration Corp




"David Duval is a 40-year veteran of the Canadian minerals industry. He served a decade as Western Editor for the largest weekly mining publication in the world before forming his own consulting company in 1990. As a Technical Advisor to the United Nations and Royal Government of Thailand, he coordinated the feasibility study for the $500 million Association of Southeast Asian Nations potash project in Thailand. Mr. Duval is a recognized authority on the Canadian diamond industry having co-authored "New Frontiers in Mining" in 1996

David serves as Special Advisor to Jim Sinclair, the President and CEO of sponsor company Tanzanian Royalty trading on the NYSE as TRX. Tanzanian Royalty is developing an advanced stage gold project in Tanzania in partnership with the State Mining Corporation of Tanzania. David and Mr. Sinclair co-founded the online newsletter,jsmineset.com, in 2003 which offers free commentary on gold and currency markets and is a traffic leader in its market segment."

- Source:

http://www.ellismartinreport.com

Sunday, January 29, 2012

Hedge Fund Guru Sees Gold Price Soaring

DAVOS, Switzerland—In the current uncertain environment, one hedge fund guru is in no doubt where investors should put their money – gold.

The fund manager, who wishes to remain anonymous, was unequivocal in his belief and was bullish on the longer-term outlook for the value of the precious metal: “Thousands of dollars per ounce,” he says. “Thousands.”

By the end of 2012, he sees the price of gold at between $2,000 and $3,000 per ounce. Even the bottom end of that range would represent a handsome gain. On the New York Mercantile Exchange Thursday, gold was trading at $1,726.10 per ounce.

“Gold is at the intersection of money trends,” says the hedge fund boss. “The only non-fake money is gold.”

The investor says there are lots of ways to get low-risk exposure to gold if there is a sustained loss of confidence.


- Jonathan Buck, with Barrons.com, read the full article here:

Wednesday, January 25, 2012

Gold Extending Gains On Realization Fed's Only Option Is CTRL+P

Update: $1700

"Presented with little comment, Gold is now at $1693, about to take out $1700 and the best performing asset class of the year: YTD: Gold +8.2%, S&P +4.9%, 30Y TSY price -1.44%. Furthermore, since this FOMC statement implies more easing imminent, it simply delays full blown LSAP so its "effectiveness", read max Russell 2000, peaks with Obama's reelection campaign."

- Read the full article at ZeroHedge, here:

Monday, January 23, 2012

Ben Davies - Funds Will Pile into Gold after Missing the Rally

"I would say that (with gold) coming in $1,570 at the start of the year, you would have to believe the market had more upside. But people aren't really invested and the market is rising on this monetary asset growth. It’s really inflation that’s driving this, underpinning the market.

The danger here is that people (who especially run funds) feel they are missing this rally and they start to pile in. I would say I’m looking for the $1,700 - $1,720 level before I’d even think about reducing.”

- Read the full article at King World News, here:

Thursday, January 5, 2012

Jim Sinclair - What a Difference a Week Makes in the Gold Community!

"Let me check my notes. Wasn’t it just a few weeks (days?) ago when everyone was talking down commodities including gold?

What a difference a week (day?) makes!"


- Jim Sinclair