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Jesse's Café Américain: CME Loosens Margin Requirements On Gold and Silver and other Contracts

Jesse's Café Américain: CME Loosens Margin Requirements On Gold and Silver and other Contracts | Gold and What Moves it. | Scoop.it

"The CME has reduced margin requirements on quite a few of their traded instruments.

 

"In the case of gold and silver futures contracts, the reductions seem designed to bring the margins paid by specs more in line with those required of 'the professionals.' ..."

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Gold and What Moves it.
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Real Time Gold Prices | Exact Price of Gold | Lear Capital

Real Time Gold Prices | Exact Price of Gold | Lear Capital | Gold and What Moves it. | Scoop.it

Get free real time gold prices updates even when you're on the move. Keep abreast of the precious metal market price with Lear Capital.

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Shocking Charts Show Massive Gold Flow From West To East

Shocking Charts Show Massive Gold Flow From West To East | Gold and What Moves it. | Scoop.it

Here is what Frank K. had to say along with his 3 key charts: More and more gold is flowing towards the emerging economic powers in Asia. We do not conclude this based on just anecdotal evidence, but also based on the Chinese gold imports through Hong Kong and the increasing flow of gold out of Switzerland and the United Kingdom. In April, we published a chart of the gold flows in and out of Switzerland from the first quarter of this year, based on new data published by the Swiss Customs Administration....

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This is something to see. Click through for all the charts and the rest of what Frank K. had to say.

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Steve Sjuggerud: Get ready... A serious financial storm could be coming

Steve Sjuggerud: Get ready... A serious financial storm could be coming | Gold and What Moves it. | Scoop.it

From Dr. Steve Sjuggerud, editor, True Wealth:

 

It is so easy for a country to print money…

 

Said another way, it is so easy for a government to create inflation.

 

Because it’s so easy, nobody believes that DEFLATION – the opposite of inflation – is possible.


But it is…

 

Earlier this week, Republican politicians proposed a bill that would limit the powers of the Federal Reserve (more on thathere).

 

Don’t get me wrong, I’m all for limiting the powers of government… But if the Fed’s powers are limited, its ability to print money would be limited… If this happens, persistent deflation could be an outcome – and that could trigger a financial storm that nobody is expecting. ...

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Indian Gold imports decline 34% in FY 2013-14

Indian Gold imports decline 34% in FY 2013-14 | Gold and What Moves it. | Scoop.it
India's gold imports declined from 1013.9 tonnes in FY2012-13 to 670.4 tonnes in the fiscal year ended March 2014, which is about 34% decrease, following the draconian constraints foisted on import of precious metals by the government and the Reserve Bank of India (RBI).
Hal's insight:

Yeah but what were the black market numbers?

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#Gold price shrugs off early #QE end – rises sharply - Mineweb

#Gold price shrugs off early #QE end – rises sharply - Mineweb | Gold and What Moves it. | Scoop.it

Despite Janet Yellen’s latest suggestion that the U.S. Fed will complete its latest QE programme in October, gold has risen sharply in price this morning. What gives?


Author: Lawrence Williams
Posted: Thursday , 10 Jul 2014 

LONDON (MINEWEB) - 

Aren’t the markets fickle? Back last year the gold price crashed once it became clear that the U.S. Fed was looking to cut back its Quantitative Easing programme on fears that it was QE that had been supporting the gold price.  It was quickly forgotten that the gold price had advanced strongly prior to the term Quantitative Easing even being coined – but the market – with its ultra short term viewpoint – seemed to have assumed that QE and the gold price were inextricably linked and marked the yellow metal down accordingly.  This was perhaps prompted also by gold mega-bears like Goldman Sachs’ Jeffrey Currie calling for a fall to around the $1,000 level before the end of the current year.  Now things could yet turn back again for gold and it is perhaps too soon to write off Currie’s and other bank analysts’ herd-like predictions as 5 months can be a long time in the gold market, particularly when those with huge pockets, and mega short positions, start to feel threatened.  However the past month or two does seem to have seen something in terms of a positive turnaround in overall investor sentiment towards gold. ...


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​BRICS countries near development bank deal to rival IMF, WB

​BRICS countries near development bank deal to rival IMF, WB | Gold and What Moves it. | Scoop.it
The emerging economies of Brazil, Russia, India, China and South Africa, are a couple of days from agreeing the $10 billion BRICS development bank, as well as a $100 billion currency pool. It could challenge global lenders like the IMF and World Bank.
Hal's insight:

Goodbye King Dollar.

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Analysts Issue More Positive Gold Trends for Miners

Analysts Issue More Positive Gold Trends for Miners | Gold and What Moves it. | Scoop.it

The story for gold is firming, and that is also for the gold miners. Sterne Agee’s metals and mining analysts have a report out on Thursday defending gold and the miners, on a day when gold is already soaring due to new European bank worries. The firm’s Michael Dudas and Satyadeep Jain are signaling […]

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Rash of stock buying makes zero sense

Rash of stock buying makes zero sense | Gold and What Moves it. | Scoop.it

John Crudele writes:

 

Stock prices went down early this week and — oh my! — you’d have thought the world was about to end.

 

As I’ve been telling you — and others have since confirmed — the stock market is rigged.

 

Central banks, including the Federal Reserve, have kept rates so low that there really isn’t any other money-making alternative for investors except stocks. But that’s the old news.

 

Around the world, central bankers have also been actively buying stocks to keep equity prices up. Why? First, because the stock market is the only thing creating any kind of optimism in the world economy. And, second, because Central Banks need to make profits, too, and they can’t with interest rates so low.

 

So it’s a Big Rig — an 18-wheeler that’s being driven by the Fed and other central bankers. ...

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Germany & China Strengthen Alliance Along With Russia

Germany & China Strengthen Alliance Along With Russia | Gold and What Moves it. | Scoop.it
 

Today an acclaimed money manager told KWN that Germany has yet again strengthened its alliance with China.  Stephen Leeb also said that as the China/German relationship strengthens, Germany’s relationship with the United States is rapidly declining.  All of this is good news for Russia, who is more than happy watch this unfold.

 

 

Leeb:  “I was floored by the comments made on Merkel’s visit to she just concluded to China.  The German leader went to China for several days and many trade agreements were signed in what turned out to be an extremely friendly visit.  The president of China left Merkel saying he wished Germany luck against Brazil in the World Cup and called Germany an ‘important strategic partner.’....

Hal's insight:

It's amazing how quickly things are turning against the dollar. Click through for the rest of the interview.

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JIM ROGERS - All FIAT CURRENCY will be WORTHLESS in 2014. Dont SELL Your GOLD or SILVER - YouTube

SUBSCRIBE for Latest on JIM ROGERS / GOLD / SILVER / GLOBAL CURRENCY RESET / LINDSEY WILLIAMS / BITCOIN / NEW WORLD ORDER http://www.youtube.com/GoldCashWeal...
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070914- Dull trading, but higher. | Conquer the Mummy .com

070914- Dull trading, but higher. | Conquer the Mummy .com | Gold and What Moves it. | Scoop.it

There are rumors that further action by Israel’s forces may feature a ground attack (round 2?). This is going to put a bid under gold prices, especially heading into a weekend. ...

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Scott Carter: How Gold Will Surge to $1,450 an Ounce Before the End of the Year - Video - TheStreet

Lear Capital CEO Scott Carter tells TheStreet's Joe Deaux that he expects gold to touch $1,450 an ounce this year, because he says positive headline economic data is overshadowing weaker details in the reports. Carter defends his forecast despite the June jobs report, which showed ...
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Two “critical” #gold events could be happening right here, right now

Two “critical” #gold events could be happening right here, right now | Gold and What Moves it. | Scoop.it

Two potentially big stories for gold are unfolding right now. In disparate parts of the globe.


First in terms of gold supply. In the world’s fifth-largest bullion producer: Peru.

 

Reports late last week from the Peruvian government show another notable decline in monthly gold output. With production for May falling 24.6% compared to the year-ago period. Equating to a loss of over 111,000 ounces for the month.

 

The drop in output continues a trend we saw the previous month. With April production figures down by over 116,000 ounces – or 26% – compared to April 2013. ...

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Gold’s Rise & A Stunning Decision To Reverse Policy On QE

Gold’s Rise & A Stunning Decision To Reverse Policy On QE | Gold and What Moves it. | Scoop.it

By Ronald-Peter Stoferle, Incrementum AG Liechtenstein

July 11 (King World News) - Gold’s Rise & A Stunning Decision To Reverse Policy On QE

 

Market participants are currently watching the Federal Reserve's repeated attempts to exit its unconventional monetary policy with eagle eyes. Over the past five years, two such attempts have failed already. At the end of both QE1 and QE2, massive dislocations in financial markets ensued almost immediately. In the current third attempt at an exit, the Federal Reserve is attempting a 'softer exit' from its money printing....

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How Derivatives Will Trigger A Bond Market Melt-Down (Part 1) | Investment Research Dynamics

How Derivatives Will Trigger A Bond Market Melt-Down (Part 1) | Investment Research Dynamics | Gold and What Moves it. | Scoop.it
Get your money out of the bond market. Once the default-contagion starts, it will spread faster than the bubonic plague which caused the Black Death in the
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5-minute tick gold chart from yesterday - Ed Steer's #Gold & #Silver Daily

5-minute tick gold chart from yesterday - Ed Steer's #Gold & #Silver Daily | Gold and What Moves it. | Scoop.it

Ed Steer makes this comment about the chart from yesterday on gold:

 

Here's the 5-minute tick gold chart from yesterday [up until 12:40 p.m. EDT] courtesy of reader Brad Robertson.  There's nothing new in the price chart itself, but take a gander at the volume numbers that run along the bottom---and please note that the times posted are Mountain Daylight Time, so you have to add two hours for New York---and seven hours for BST in London.  The largest volume came within an hour of the spike when "da boyz" had to short everything in sight---and the second volume burst started at the 8:20 a.m. EDT Comex open [6:20 a.m. MDT on this chart]---and then continued up until the 9:30 a.m. open of the equity markets in New York.

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ROSS NORMAN : GOLD FIX - Lazy Journalists Just Don't Get It

ROSS NORMAN : GOLD FIX - Lazy Journalists Just Don't Get It | Gold and What Moves it. | Scoop.it

Surely never before have so many lines been written by journalists on a subject that they palpably know so little about and have made little attempt to understand... as the London gold fix.

Yesterday we were questioned by the BBC in a live TV interview which demonstrated the problem ; their belief was clearly that a group of bankers met in secret and arbitrarily decided what the price should be without reference to actual trades and that was the price for that day - they clearly were unaware that gold also has a spot price outside the fix and that almost all commodities have a benchmark or reference price. The lack of research ahead of the interview was shameful - but that did not prevent them for recycling hackneyed stereotypes about secretive banksters. They are not alone.

More laughably some authors suggest the gold price might rise if we dispensed with the fix - presumably on the notion that the banks have been artificially holding the price down... well who do you suppose creates the spot price that is your alternative - the same banks that are in the fixing room ! In fact ...

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​Russia surpasses US gold production for first time in 25 years

​Russia surpasses US gold production for first time in 25 years | Gold and What Moves it. | Scoop.it
Russia has produced more gold than the United States for the first time in 25 years. It’s now the world’s third biggest producer after China and Australia, Minister of Natural Resources and Environment of Russia Sergey Donskoy said.
Hal's insight:

Isn't that intriguing? Who knew gold was so important [he said with tongue in cheek].

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Swap Dealers ‘Goal Line Stand’ for COMEX Silver Futures in Jeopardy, Squeeze Very Possible Now - Got Gold Report

Swap Dealers ‘Goal Line Stand’ for COMEX Silver Futures in Jeopardy, Squeeze Very Possible Now - Got Gold Report | Gold and What Moves it. | Scoop.it

Update 1: Adds new Kitco price graph for silver at the end showing a possible short squeeze trying to get underway mere hours following the release of this offering.

 

HOUSTON -- A sure-enough short squeeze might be developing in the volatile silver market. We attempt to identify who, or rather which class of futures trader, might be squeezed in this brief offering.

 

The inspiration for this article is actually misinformation found elsewhere. We have seen and read commentary on the Web from various analysts and market watchers that have attributed, or rather misattributed, the very large increase in large commercial net short positioning (LCNS) for silver futures to members of the Producer/Merchants – which would be to the “silver trade” itself.

 

Recall that the Producer/Merchants primarily use futures to hedge a natural long position by those who hold or manage significant amounts of gold or silver inventory – either for themselves or for others. It also includes the bullion-trading banks many of those Producers, Merchants, Processors, and Users end up trading through.

 

Looking at the Legacy COT graph for the...

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Hat tip to www.gata.org 

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Billionaire Hugo Salinas Price - Elites Plan to Control the World

Billionaire Hugo Salinas Price - Elites Plan to Control the World | Gold and What Moves it. | Scoop.it

Hugo Salinas Price tells King World News:


“I think we are going to see a series of bankruptcies.  I think the rise in interest rates is the fatal sign which is going to ignite a derivatives crisis.   This is going to bring down the derivatives system (and the financial system).


There are (over) one quadrillion dollars of derivatives and most of them are related to interest rates.  The spiking of interest rates in the United States may set that off.  ...

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What If The Federal Reserve Has It All Backwards? | Zero Hedge

The Fed spends an inordinate amount of time focusing on increasing Lending with the idea that loan growth increases economic activity. Is it possible that it is Interest Income derived from Savings that is more important to economic growth?
Hal's insight:

Click through for the full article. It's worth a read. I would hazard a guess to say, yes. With the clarification being, only if you don't want to enslave people via debt. But if you are looking to enslave the populous with debt then the FED is doing it right.

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oftwominds-Charles Hugh Smith: Neofeudalism's Tax Donkeys (Yes, You) and the Battle for Control of Resources

oftwominds-Charles Hugh Smith: Neofeudalism's Tax Donkeys (Yes, You) and the Battle for Control of Resources | Gold and What Moves it. | Scoop.it

Those who own the resources and influence the political control of those resources are the New Nobility in a pernicious Neofeudalism enforced by the very government that claims to serve the debt-serfs and tax donkeys.

Let's tease apart several strands of Neofeudalism, my preferred term (along with Neocolonialism) for the Status Quo.

The E.U., Neofeudalism and the Neocolonial-Financialization Model (May 24, 2012)

It is increasingly clear that a new form of feudalism has subverted democracy, and that the New Feudalism is powered by concentrations of private wealth and centralized state control: what I call the New Nobility ...

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Allbank introduces Gold loan scheme in Kolkata

Allbank introduces Gold loan scheme in Kolkata | Gold and What Moves it. | Scoop.it
Allahabad Bank launched its Gold Loan Scheme in 25 branches in Kolkata and its suburbs. Gold loan business of the bank was so far concentrated in South India.
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Do You Remember? Why Gold?

Do You Remember? Why Gold? | Gold and What Moves it. | Scoop.it

Gold is turning into something of a forgotten asset, and that’s fine by me. There will be a time to buy gold again, and when that time comes, there will be very few believers. That’s the way italways is before a major rally.

 

With most things in life, you see something like a 90/10 or 80/20 rule. As it relates to gold, this means that 5% are in the “gold bug” crowd, 5% is in the “gold is a barbaric relic” crowd, and 90% in the “I don’t have a strong opinion about gold” crowd. This helps explain rallies; remember, there is tremendous latent energy in gold, and it comes from the majority that isn’t thinking about gold–yet.

 

Now this is really the case with any asset, such as stocks. I am telling you, more people will be stampeding to buy the Dow at 30,000 than at 10,000. And I’m not only talking about the mythical and much-derided “herd” that always buys too late. I’m talking about institutional money. It’s not, “let me think in terms of probabilities and expected value and ease into stocks.” Nope. It’s skepticism, disbelief, and absolute religious-like refusal to buy stocks. Then finally capitulation and panic buying. ...

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Conversion to Physical

Conversion to Physical | Gold and What Moves it. | Scoop.it

Can the prophet ever be honored at home? Part of the challenge of converting friends & family to precious metal ownership is just that—it requires a conversion. But it is different than a conversion, lets say, from being a Catholic to being a Baptist, or from apostasy to any religion. Within the bounds of western societies, these are perfectly normal and expected conversions. A guy gets married and starts going to church with his more religious wife. A teenager finds Jesus and attends the youth group at the local church. Today, these are common and acceptable conversions and indeed my own parents breathed a sigh of relief when I started going to church instead of hanging out with my troublemaker friends.

 

No, converting to precious metals is more like converting from Islam to Christianity, or vice versa. It has to be complete and it could cost you much. Those who talk too much about their conversion to family & friends are often alienated. But, you are literally saving your soul from the hell of poverty and destitution…that is if you believe in societal collapse, or even economic impoverishment as a nation. With conversion to precious metals, you cross a line. You are putting your labor-wages into true money that will survive whatever hell may be approaching us. ...

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oftwominds-Charles Hugh Smith: Why Housing Will Crash Again--But For Different Reasons Than Last Time

oftwominds-Charles Hugh Smith: Why Housing Will Crash Again--But For Different Reasons Than Last Time | Gold and What Moves it. | Scoop.it

Institutionalizing the speculative excesses that inflated the previous housing bubble has fed magical thinking and fostered illusions of phantom wealth and security.

The global housing market has been dominated by magical thinking for the past 15 years. The magical thinking can be boiled down to this:

A person who buys a house for $50,000 will be able to sell the same house for $150,000 a few years later without adding any real-world value. The buyer will be able to sell the house for $300,000 a few years later without adding any real-world value. The buyer will be able to sell the house for $600,000 a few years later without adding any real-world value.

And so on, decade after decade and generation after generation: a house should magically accumulate enormous capital (home equity) without the owner having to do anything but pay the mortgage for a few years.

The capital isn't created by magic, of course: it's created by a greater fool paying a fortune for the house on the ...

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