Gold and What Moves it.
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Was $12,000 A Restaurant Tip Or Drug Money?

Was $12,000 A Restaurant Tip Or Drug Money? | Gold and What Moves it. | Scoop.it
A waitress in Minnesota is suing after $12,000 was left at her restaurant table -- she says it was a tip but police say, it's drug money, according to The Forum.

 

"The waitress said she found bundled rolls of cash inside the box, totaling $12,000.

 

"She said even though she has five children and could use the money, she decided to call police, according to The Forum.

 

"Officers told the woman to wait 90 days in case someone claimed the money. The Forum reports that after three months, police told the woman the cash was being held as drug money..."

 

{our govenment at work.}

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Gold and What Moves it.
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LearCapital | Download Lear Gold & Silver Daily Today!

LearCapital | Download Lear Gold & Silver Daily Today! | Gold and What Moves it. | Scoop.it

Download the Free Lear Gold & Silver Daily Today!

 

Stay on top of the latest breaking commodities market news, coin prices, real time charts and special promotions from Lear Capital's “Lear Gold and Silver Daily” app for both iOS  and Android devices .

 

The Lear Gold and Silver Daily app is a special new benefit brought to you by Lear Capital at no additional cost.

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China Buying the Dip - 28.652 Tonnes of Physical Gold Taken Off the Shanghai Gold Exchange In One Day

China Buying the Dip - 28.652 Tonnes of Physical Gold Taken Off the Shanghai Gold Exchange In One Day | Gold and What Moves it. | Scoop.it

The top of the chart is cumulative, the bottom portion is the daily volume. Yesterday was easily the biggest day of this year for...

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Trump Considers pro-gold Treasury Secretary | AVERY B. GOODMAN BLOG

Trump Considers pro-gold Treasury Secretary | AVERY B. GOODMAN BLOG | Gold and What Moves it. | Scoop.it
Written by Avery B. Goodman

Some folks were skeptical when I said President-Elect Donald J. Trump is going to be a gold-friendly President. In my article, “Understanding Elections, Gold & The US Dollar Via Market Manipulation“, published on November 22, 2016, I suggested that the banksters now expect their access to the US gold reserve to be cut off. Many patriots are disgusted by the corruption at the US Treasury and Federal Reserve, and have been downtrodden for so long, they find it hard to believe that things are finally about to change. But, they are!
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Global Super Bubble To Implode As A Major Reversal In Global Markets Set To Begin - King World News

Global Super Bubble To Implode As A Major Reversal In Global Markets Set To Begin - King World News | Gold and What Moves it. | Scoop.it
Since the creation of the Fed in the US in 1913, all major currencies have declined in value by 97-99%. This means that savings have been destroyed by the same amount. Savings are essential for an economy to grow soundly. Savings are the basis of investments for growth in all areas of the economy, whether it is manufacturing, housing or infrastructure. To achieve real growth, there must be savings. The growth that the world has experienced in the last few decades, especially since 1971 when the gold backing of the dollar was abolished, has been based on a massive debt expansion. Credit creation leads to currency debasement and in real terms virtually no growth is achieved. This is why real median wages for ordinary workers are not growing in many countries, like the USA or UK. 
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This Is The Real Reason Why The Public Is Broke And The Middle Class Is Being Destroyed - King World News

Gold and silver went into a steep backwardation after Trump’s victory, with the spot price above the price for December delivery. In fact, even though December delivery begins in just over a week, spot gold and silver are still backwardated. So the demand for physical metal remains strong.

I have been expecting to see strength in the precious metals as we work toward the end of the year. It’s always impossible to predict when the short-term trend will turn, but it is time for a short-term trend reversal. This week often sees them. 
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The Global Cash Ban is Not Over... It's About To Intensify | Zero Hedge

The Global Cash Ban is Not Over... It's About To Intensify | Zero Hedge | Gold and What Moves it. | Scoop.it
The War on Cash is not over… it is about to intensify.

The Trump Presidency has distracted from the next major move to be implemented by Financial Elite.

That move is a cash ban.

Cash, particularly physical cash (as in bills and coins) is a huge problem for insolvent banks.

Indeed, it is the ONLY problem they have yet to address.
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The Seeds of the Next $1,000 Rally in Gold Were Planted Last Week

The Seeds of the Next $1,000 Rally in Gold Were Planted Last Week | Gold and What Moves it. | Scoop.it
There seems to have been a consensus among prominent hedge fund managers shortly after it became apparent that Trump was going to win that the dip in equity futures represented a buying opportunity and as Carl Icahn stated Trump is “a positive for our economy, not a negative.” In an instant some very smart, shrewd guys decided that it was time to dump gold and buy stocks. And so it was. As is often the case among the hedge fund crowd a positive feedback cycle gets created and nobody wants to be caught on the wrong side of the move, which only serves to exacerbate short term market gyrations.

Regardless of the fact that I think Trump’s Presidency is likely to catalyze gold to new all-time highs last week’s candlestick cannot be ignored. Just when it looked like gold had regained its footing above $1300/oz a deluge of selling caught a huge contingent of investors wrong footed. The weekly candlestick encompasses a nearly 10% weekly range with the largest weekly trading volume on record. While the damage was significant I am not hitting the panic button on gold investments; the week ended with price near the largest volume-by-price bar of the last two years and also just above major support ($1200-$1210).
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Gold & Silver: Light At The End Of The Tunnel

Gold & Silver:  Light At The End Of The Tunnel | Gold and What Moves it. | Scoop.it
Gold and silver and the mining stocks still have tremendous YTD gains despite the highly manipulated take-down that has been orchestrated since early Wednesday morning.  The smash has been executed entirely in the paper derivatives in London and NYC.   De rigeur for the Central Banks.
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Most Idiotic Comment Ever? “Sell Gold Because Inflation Will Spike”

Most Idiotic Comment Ever?  “Sell Gold Because Inflation Will Spike” | Gold and What Moves it. | Scoop.it
Stanley Druckenmiller said:  “I sold all my gold (sic) on the night of the election” because he sees inflation spiking and that will force money(sic) out of gold…hmmm….sell gold because you see inflation coming?  That has to be the most idiotic investment rationale I’ve ever come across.  Even “buy stocks because they keep going higher” is less dumb than that.

You’ll note the “sic” I added after Drunkenmiller’s comment about “gold.”  “Sic” is used after a quoted word (from someone else) that seems odd or out of place.   I inserted “sic” after Drunkenmiller’s use of “gold” because he never owned gold.  He bought GLD, which is a paper derivative of gold.  The only way you own gold is if you buy physical gold and keep it outside the system. GLD is a fraud, just like every other fiat paper “asset.”
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Be Prepared - Precious Metals :: Jim Sinclair's Mineset

Be Prepared - Precious Metals :: Jim Sinclair's Mineset | Gold and What Moves it. | Scoop.it
My Dear Extended Family and Friends,

This article is about precious metals and their importance in preparedness. In this article, we are specifically referring to gold and silver when using the terms precious metals. These are not the only precious metals, but these are the metals familiar to most people and which are most likely to be available. Some have asked me why this topic was not the first one I addressed in the “Be Prepared” series. The reason the topic of gold and silver is fifth is because other areas of preparedness are more important in the scheme of things. You can’t eat gold if you are hungry. You can’t defend yourself with silver if you need protection. When it comes to survival in uncertain or difficult times, water, food, shelter, and safety are all ahead of precious metals in needed preparedness. Focusing first, or exclusively on precious metals would be a very myopic and a potentially hazardous path. It would be irresponsible of someone to tell you that precious metals will secure you in an emergency without suggesting other areas of preparedness which would have priority in the order of needs.

It is my goal to assist you to effectively prepare for your wellbeing, and writing about precious metals alone is not the highest choice. Anyone who advises you to have precious metals alone in preparing for natural disaster, geopolitical or financial uncertainly is a disservice to you. Having precious metals alone would not help to prepare you for challenging times, and it is my aim to help you transition through personal, societal or global emergency circumstances regardless of the cause and emerge as safely as possible to a more positive future destination.
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Fundamentals Will Take Gold & Silver Higher Now

Fundamentals Will Take Gold & Silver Higher Now | Gold and What Moves it. | Scoop.it
In the absence of the extreme degree of price intervention being conducted by the western Central Banks and bullion banks in the paper gold and silver markets, the price of both precious metals would be several multiples higher.  That this intervention occurs not only has become overtly visible to all market participants, but recent prosecution/settlement events have rendered this assertion indisputable.

After a massive move that started in mid-December 2015, the sector began selling-off in early July.  This correction was a function of both characteristic market technicals and conspicuous paper market manipulation in the New York and London paper gold/silver “markets.”
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The Establishment’s Been Unmasked

The Establishment’s Been Unmasked | Gold and What Moves it. | Scoop.it

by David Stockman


Harvard windbag and former Treasury Secretary Larry Summers recently floated the idea that the Fed should start buying common stocks to buoy the markets. What does that say about the state of the casino?


It means the end is probably near.


That is an act of desperation. That is an idea that no economist worth his salt even 20 years ago would have contemplated for one moment. What in the world would buying stocks do except inflate the value of stocks? ...

 
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Gold on Steroids: The Perfect Election Trade - Daily Reckoning

Gold on Steroids: The Perfect Election Trade - Daily Reckoning | Gold and What Moves it. | Scoop.it

Here comes a precious metals rally…


What’s a better scenario for gold… President Trump? Or President Clinton? Either way, we’re screwed. But gold stands to make a run no matter which candidate takes the White House. In fact, the election doesn’t matter one bit, according to HSBC. Whether The Donald wins or Crooked Hillary takes the race next week, gold is set to jump at least 8%… “Both candidates have espoused trade policies that could stimulate demand, with gold offering a potential protection against protectionism,” HSBC Chief Precious Metals Analyst James Steel tells Bloomberg. “Even the relatively more internationalist Democratic candidate has argued for the renegotiation of longstanding free-trade agreements. That’s positive for gold — even if not on the scale of Mr. Trump’s agenda.” ...

 
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LAWRIE WILLIAMS: Major gold price divergence between Shanghai and London

LAWRIE WILLIAMS: Major gold price divergence between Shanghai and London | Gold and What Moves it. | Scoop.it

Few seem to have commented on what appears to be an increasing trend towards large anomalies appearing between the Shanghai and London gold benchmark prices.  Up until the beginning of November prices were pretty much in sync give or take a few dollars – a variation based on trading activity during the day, and, in some cases due to a difference between the gold tenor quality required under the two systems.  The SGE specification is 99.99% gold content or better, while London works to LBMA Good Delivery specifications where the requirement is only 99.5%.  But on one ounce of gold this should only make for a maximum difference in price of around $5-6 at a $1200 gold price.

But recently – as the table below comparing SGE and LBMA (London) PM price benchmarks for the past month makes very obvious the price difference...

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The Deep State’s Attempt To Suppress India’s Gold Demand

The Deep State’s Attempt To Suppress India’s Gold Demand | Gold and What Moves it. | Scoop.it
The primary objective of the Indian currency demonetization was to sharply reduce gold demand in the world’s most important retail market, India, one that is controlled by the Deep State oligarchy via a captured agent, its Prime Minister [Modi]. The manner in which the demonetization was carried out indicates some kind of desperation…Stewart Daugherty

Indian Demonetization Denotes Severe Stress in the Global Gold Market
By Stewart Dougherty

It is becoming clear that the Indian currency demonetization is actually a planned attack on Indian gold demand, launched to disrupt gold prices and discredit gold as an asset class. The attack was required to alleviate severe stress in the global gold market that is becoming increasingly difficult for the Deep State controllers to contain.
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ALERT: James Turk - The World Is About To See A Historic Shift Out Of Stocks Into Gold - King World News

ALERT: James Turk - The World Is About To See A Historic Shift Out Of Stocks Into Gold - King World News | Gold and What Moves it. | Scoop.it
Tide About To Shift In Favor Of Gold vs Dow
We can see from the chart that based on historical valuations, the Dow is overvalued relative to gold. It is also interesting that despite the Dow’s new record and gold’s trashing the past two weeks, the Dow is even below the correction high made last year. That suggests that the 5-year correction in this chart could be ending with the trend turning once again in favor of gold. We will need to watch this chart closely over the next couple of months.

How Will The Shift In Favor Of Gold Unfold?
So, Eric, the bull market in gold and bear market in the Dow have not yet reached their conclusions. That will happen when once again it takes only about two ounces of gold to buy the Dow. What we don’t know is when that inevitable undervaluation of the Dow and the overvaluation of gold will eventually arrive, and also whether the Dow will be 36,000 or higher as some predict or 10,000 or lower as others predict. The Dow’s price will depend on whether the Federal Reserve inflates or deflates the dollar, which of course cannot be predicted.
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Record Run into Gold and Silver Coming-David Morgan | Greg Hunter’s USAWatchdog

Record Run into Gold and Silver Coming-David Morgan | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com 

Precious metals expert David Morgan says trillions of dollars of negative interest rate paying bonds is a sign we are getting close to another financial calamity bigger than the last. Morgan explains, “Now, as everyone knows, we are even at negative interest rates, and people are buying into this.  They are guaranteed to get less back. . . . This is the upside-down world we are living in.  This is the scientific planet that is our reality.  So, this is the reason you will see a run to the dollar before you see a run to gold. . . . We are in the final step before another 1% of the population takes action into the precious metals.  When the run starts, it won’t be because 90% of the population wakes up and says I need precious metals to protect my financial wellbeing.  What will happen is another 1% will wake up and say I need precious metals to protect my financial wellbeing.  That will double the market.  The physical gold market is less than 1% of all financial assets, and the silver market is about .02% of all financial assets.  So, it doesn’t take a big amount of new money to put the paper price at stratospheric levels, and that’s what will take place.  When people don’t trust the dollar they are holding in their hands, when that happens, there will be a run into gold that will be in the financial record books. . . . The dollar is going up, up and up, and it will peak.  Once it starts down, it will start down kind of slowly, and then, it will build momentum.  Then, it will hit terminal velocity.  It will hit a level that it has accelerated to its maximum point and will continue until it hits the ground. . . . As that occurs, more and more people will be motivated to move into the precious metals.  The door is very narrow, and there will be a big flood of people wishing to get through that door.  It’s going to come down to you will either have it or you won’t.”
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Extraterrestrial Gold Rush: What's Next for the Space Mining Industry?

Extraterrestrial Gold Rush: What's Next for the Space Mining Industry? | Gold and What Moves it. | Scoop.it
HOUSTON -- If humans eventually want to become a space-faring species, we'll need to be able to collect basic resources, like water, straight from the space environment; it's too expensive and risky to send everything up from Earth, most experts agree. 

As such, multiple companies are now trying to initiate a space mining industry, which could provide those basic resources for space travelers, or for robotic space operations. In the future, asteroids or the moon could even provide humans with resources that are rare on Earth, such as precious metals.

But there are major hurdles that need to be overcome before space mining can get off the ground, so to speak. Representatives from various companies pursuing space mining activities recently spoke about the state of the industry here at the 2016 Space Commerce Conference and Exposition.
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The Pressing Problem Nobody Dares Discuss

The Pressing Problem Nobody Dares Discuss | Gold and What Moves it. | Scoop.it
Perceptions may well change when the global illusions of solvency and "growth" collapse in a heap.

The list of pundits jostling for air time to add their two cents to discussions of hot-button issues such as immigration is endless. The airwaves and social media are overflowing with people wanting to comment on hot-button social issues, but when it comes to the the one truly critical dynamic that will shape the future--everyone's strangely silent.
The reason nobody dares address this problem is that it has no solution within the current mode of production, i.e. the status quo. The problem is an oversupply of labor.
One of the key takeaways from historian Peter Turchin's new book Ages of Discord is that real wages stagnate or decline in periods of labor oversupply and rise in periods of labor shortages.
This is common sense: the price/value of everything is ultimately set by the dynamics of supply and demand: the price/value of anything that is overly abundant drops. Or put another way: if demand is outstripped by supply, prices decline as long as there is surplus supply.
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Expect Global Trade Collapse; Bills That Won’t Be Paid; Deflation Coming Up? | MishTalk

"EU Prioritizes Penalties Over Trade As I have commented numerous times in recent weeks, I am increasingly worried about a collapse in global trade. Every day there are new stories that suggest this outcome. Today, EU negotiators prioritized divorce-first penalties over trade relationships in a historic mistake that will gain the EU nothing but pain. Please consider UK Faces Brexit Bill of up to €60bn as Brussels Toughens Stance ..."
 
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Trump and the Coming of Helicopter Money

Trump and the Coming of Helicopter Money | Gold and What Moves it. | Scoop.it

by James G. Rickards:


One of the great mysteries of the past eight years is why there has not been more consumer price inflation despite the fact that the Federal Reserve has printed over $3 trillion in new money. 


Many economists hypothesizes that such money printing must prove inflationary, and many consumers assumed the same. The answer is that money printing by itself is not inflationary — it has to be combined with velocity (that’s the turnover, or rapid use, of money) in order to produce inflation.


Most of the money printed by the Fed was simply deposited with the Fed by the big banks in the form of excess reserves. That money was never borrowed or spent. Therefore, it never had the kind of velocity needed to produce price increases...

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Credibility – Confidence – Chaos and GOLD!

The corrupted Republican and Democratic parties in the U.S. have put forth two of the most despised candidates – ever. One candidate is probably more corrupt than LBJ and both parties are rapidly losing credibility. Ask yourself, does either party speak for anyone but the political and financial elite?

The Dept. of Justice and the FBI have lost credibility by not prosecuting HRC and many others. Former Mayor Giuliani said about The Clinton Foundation, “If I was attorney general, I would indict the Clinton Foundation as a racketeering enterprise.”

The credibility of central bankers will decrease further. Central bankers have held interest rates near zero for about eight years and have pushed over $13 Trillion in sovereign debt “yields” to a negative interest rate. Crazy!

Market credibility and confidence in markets will decline. Stock, bond, and currency markets have been levitated by central bank “printing” for years. The newly created dollars, yen, pounds, and euros devalued existing currency units, destroyed pension plan returns and raised consumer prices. This process has been beneficial to the financial and political elite but not the lower 95%.
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China's Global Game-Changer And Why Gold Will Skyrocket As It Anchors New Monetary System - King World News

China's Global Game-Changer And Why Gold Will Skyrocket As It Anchors New Monetary System - King World News | Gold and What Moves it. | Scoop.it
Let’s look at what these somewhat abstract concepts mean in concrete terms, starting with the military arena. If a major power could provide its military with everything it wants, it would likely seek to have a force that spans the globe, that can defend against all threats, and that if necessary can quell or conquer any prospective enemy — i.e., it would be cast very much in the mold of the U.S. military. These goals are a lot more expansive – and expensive – than a nation’s basic military needs, which come down to protection and security.

China is focused on these basic military needs and isn’t getting distracted by more grandiose ‘wants.’ From cyber security to land, sea, and air protection, China is clearly putting needs ahead of wants.
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Gold price: If you're selling central bankers are buying | MINING.com

Gold price: If you're selling central bankers are buying | MINING.com | Gold and What Moves it. | Scoop.it
Gold on Thursday was trying to regain the $1,300 an ounce a level amid jitters about the outcome of the US elections and ahead of jobs data out on Friday that could set the pace of interest rate hikes in the world's largest economy.

Year to date gold is up more than 20% in price, thanks mainly to investors in physically-backed gold ETFs and safe haven buying, underpinned by continuing purchases by central banks.
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US Economy Continues to Weaken As Warning Signs Flash Recession Ahead | Zero Hedge

US Economy Continues to Weaken As Warning Signs Flash Recession Ahead | Zero Hedge | Gold and What Moves it. | Scoop.it
The US economy continues to show weakening conditions as new warning signs are flashing recession ahead. This is despite the best efforts of the FED and the US Government to ensure there is plenty of measures in place to continue to stimulate the economy.
Over the last few weeks we have received several economic announcements on the US economy, with a few positive or better than expected results. However the vast majority of announcements have been poor or woeful as the economic data continues to show further weakness within the economy.

US Q3 GDP - A Convenient Smokescreen
I know what your thinking, hang on a minute on Friday we had a first look at US Q3 GDP and the result was positive and even beat expectations. This is correct GDP came in at 2.9% beating expectations of 2.5% and smashing last quarter's result of 1.4%.
However I find the result convenient and timely considering there is an election in less than 2 weeks time. The second and third estimate for GDP could see considerable revisions lower after the election has ended.
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Central banks fear exposure of their interventions, so we GATA press on | Gold Anti-Trust Action Committee

Central banks fear exposure of their interventions, so we GATA press on | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it
Since 1999 the Gold Anti-Trust Action Committee has been trying to get the financial industry, the mining industry, and mainstream financial news organizations to acknowledge that the gold market is aggressively manipulated by governments and central banks to protect their currencies and bonds against competition from a potentially superior currency and store of value. This year seems to have been the one when respectable people in the financial industry gave up disputing us.

Not that GATA still isn't disparaged. Rather, respectable people in the financial industry have gone from denying that the gold market is manipulated to dismissing complaints of gold market manipulation because, they say, "All markets are manipulated."

Of course this response is an evasion. It fails to address the specifics and purposes of the manipulation of the gold market. That is, are all markets manipulated nearly every day by the surreptitious sale by governments and central banks of massive amounts of imaginary product? Are all markets manipulated every day so the developed world can expropriate the resources of the developing world?
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