Embry - Physical Gold & Silver Tight Because of Eastern Buying

"I would be very surprised if gold weren’t up at least 60% from current levels. Silver will be more explosive. What they have done to silver is astounding. In the longer-run it just ensures even greater physical shortages and when that manifests itself, I think the silver price will easily double.

So I think it will be a big year next year. These (metals) are both as sold out as I can remember and the sentiment gets worse and worse, if that’s possible. These are all precursors to a major move and I think it could get started quite quickly...."

- Read the full article at King World News here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/29_Embry_-_Physical_Gold_%26_Silver_Tight_Because_of_Eastern_Buying.html

The Bearish Gold Predictions Forget One Important Market Reality

There is a certain extremely important market reality that must be kept in mind as you listen to all the bearish gold predictions.


What is good for the dollar is bad for gold.


This is wrong because it depend what dollar related factors are giving a positive dollar price action.


If the good for the dollar was strong US economic activity, sound balance sheets in the US financial industry and a US consumer ready and credit able to expand, the answer would be yes if these activities were for the long term


That strong dollar would not be good for gold.


However there is only one dollar positive out there. That is the largest currency market on the planet is the dollar vs. euro market in which the so called vigilantes (International Investment Banks) are shorting the euro to infinity. That downward pressure on the euro creates a mirror image of dollar strength but give that strength no greater legs than the euro problem posses.


What happens the third weeks post and euro settlement be that a changed euro or no euro.


There will be an end to the euro’s problems one way or another sometime sooner than later as that is the nature of failing euro hopes as today and fruitless euro financial programs as every proposal has been so far.


That process brings you closer to a crisis rather than further away. Even if there was a miracle that saved the euro at today’s price, the soap opera then ends.


Within three weeks from whatever date is the final act in the euro soap opera the US dollar will be the primary focus of the vigilantes via US dollar and long bonds.


There is enough knowledgeable money sources that know if any resolution is coming will begin to prepare for it. That preparation may be why at in this din of gold bearishness gold still may well be resolving the accordion chop.


So far on the unique studies done only by my dearest friend Kenny Adams and shared only with me, scream a clear refusal to confirm serious long term top indications.


If anyone will see the point of gold’s terminal overvaluation, it will be Kenny Adams and myself. That simply does not exist now nor is there full confirmation of the intermediate down with the depth so many are putting in their headlines.


Gold investors stand tall and stay committed. It is time for a glass of cold water and a long walk. Traders will be guided well now by the Angels.


Up to $1764 the Angel has and will continue to herald the market. After that and the gold price move goes in the 2000s things will be somewhat more difficult, if you can imagine more difficult.


Email or call me if you need me.


Respectfully,


Jim Sinclair


View here:

http://www.jsmineset.com/

Ellis Martin Report with Jim Sinclair (Exclusive Interview) December 8 2012

Can Your Children and Grand kids Afford this National Debt?

- Picture via JSMineset.com

Occupy Wall Street

- Image via JSMinset.com

Gold - Next Stop $4500

"Once this correction has been completed, Intermediate Wave III of Major THREE will be underway. This should be the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way."

- Alf Field

With few options, Fed turns to 'jawboning'

With little ammunition left in its armory, the Federal Reserve has entered the "jawboning" phase of its campaign to spur stronger economic growth.

Fed Chairman Ben Bernanke and his fellow policymakers emerged from a two-day meeting to declare they planned no major changes in their policy of using low interest rates to get the job and housing markets back on track. In a statement, the Fed pointed to a recent improvement in the outlook but warned that the recovery is still very fragile.

"Economic growth strengthened somewhat in the third quarter," the Fed said in its post-meeting statement. "There are significant downside risks to the economic outlook, including strains in global financial markets."

- Read the full story here:

http://bottomline.msnbc.msn.com/_news/2011/11/02/8599181-with-few-options-fed-turns-to-jawboning

We're Broke!

- Picture via JSMinset.com

Wall Street Just Doesn't get it!

- Picture via JSMineSet.com

http://www.jsmineset.com/

Jim Rogers tells it like it is!

Jim Rogers: Bernanke Is Lying to Us - Tuesday, October 11, 2011

Jim Rogers tells it like it is.

In the EPJ Daily Alert, I have been pounding away at the fact that no new QE is required, that the money supply (M2) is exploding. Rogers correctly points to this money growth in the clip below.

Also, Larry Kudlow is correct in his view that the European Central Bank is likely to join the Fed in the money printing. If they do, it will be the first time ever that the world could face a massive global inflation.

Kudlow is correct that the stock market will skyrocket under these conditions and Rogers is correct that commodities will soar.

Prepare yourself for climbing prices like you have never seen before, to differing degrees both Rogers and Kudlow know what is coming.

More…

The Chinese Mean To Control The Global Gold Market

Get ready for the Pan Asian Gold Exchange, scheduled to open in June, 2012 in Kunming City, Yunman Province– the gateway to all of Southeast Asia. This is serious, as the Pan Asian Gold Exchange is a part of China’s five year plan– which means it is part of China’s strategy for dominance in global financial markets and the global economy.

Pan Asian will allow Chinese to speculate in gold futures contracts or buy physical gold through an account with a bank or broker. All 320 million customers of the giant Agricultural Bank of China will. simply be able to use their Renminbi, the Chinese currency, from their bank accounts to trade gold. Sounds bloody dangerous doesn’t it...

- Read the full story here:

http://www.forbes.com/sites/robertlenzner/2011/09/27/the-chinese-mean-to-control-the-global-gold-market/

Jewellery in Canada

Jim Sinclair - Why Gold?

During reactions in gold, the degree of gold and gold share holders pessimism is EPIC and without cause.

Why Gold?

1. Gold is a currency.
2. Gold is competitive to paper currency.
3. Gold is not a commodity
4. Gold is a barometer of fear.
5. Gold is a barometer of confidence in government.
6. Gold is insurance.
7. Gold is insurance against government gone mad.
8. Insurance is not something you trade.
9. Gold is the financial high ground when global debt problems exist.
10. Gold in your hand eliminates all counter party risk.
11. Every single currency is paper backed by nothing.

Stay the course. Nothing is solved, nor will it be.

Gold will be violent. Gold is nowhere near fully priced.

Regards,

 
Jim Sinclair

Jewellery in Canada

Gold has formed a bottom at $1535

Today’s hard overrun of MAJOR support at $1584/$1675 and down to a low of $1535 (in spite of Friday’s punch down into that major support on a low of $1631.70), produced a 105 point rally action back up to $1640, and a close of $1630. We did not expect an overrun of 1584 at worst, but today’s rally back and close into the core of the support bracket itself indicates the beginning of a bottom action has begun.

We now expect a bottom action to occur at or above today’s low of $1535. Today’s extreme sell off and hard rally action does make the possibility of a narrow bottom quite possible.

The drop from $1923.70 to $1535 has generated an impressive wall of resistance, but which could be overcome in relatively short order if gold generates a narrow V bottom followed by hard rally action. Even so, the bottom should be visibly resolved here within another 14 to 15 days at most ff we are to have a moderately fast or a fast return to a test of the recent high ($1923.70), and thereafter, higher highs.

Our internal figures remain long term bullish…

- CIGA Kenny, via JSMineset.com

Charms and Beads

Market Violence Will Create Large Bear Trap

This is a repeat of 2009 – actually even more extreme readings than 2009. We are severely oversold today. Anyone not buying here does not believe in the fundamental story. In my opinion, this will be a huge entry point by 2012.

- CIGA Eric, via JSMinset.com

China’s Gold Investment to Top Record: Cheng

Gold investment demand in China is likely to top a record 200 metric tons this year, the World Gold Council said.

The country’s investment demand surged 70 percent in 2010 to an all-time high of 187 tons, said Albert Cheng, the Far East managing director at the World Gold Council.

China’s “investment demand has picked up exponentially,” Cheng said yesterday in an interview in Montreal. “The financial crisis has triggered people to be cautious of anything they don’t understand,” boosting demand for bullion as an alternative asset.

Gold futures have surged 29 percent this year, touching a record $1,923.70 an ounce on Sept. 6. The metal climbed as escalating debt woes in Europe and the U.S. boosted demand for haven assets. India is the world’s top bullion buyer followed by China. The two countries accounted for 54 percent of world gold consumption in the second quarter, Cheng said.

The council has estimated demand from China may double in 10 years. The forecast may be “too conservative,” Cheng said.