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Silver’s Smoking Guns, Part I: Mining Paradox

Silver’s Smoking Guns, Part I: Mining Paradox | Gold and What Moves it. | Scoop.it

"When a reader (and fellow silver-mining investor) recently expressed his frustrations on our Forum regarding the absurd valuations which most of these miners currently exhibit, I decided it was once again time to try to shed some light (and sanity?) on this subject.

 

"When I began investing in these silver miners many years ago; one of the first anomalies to which I was introduced was that the vast majority of silver produced in the world (more than 75% at that time) was produced as a “byproduct” of other mining. While I immediately recognized that this was an extremely important factoid, at that time I lacked the level of understanding necessary to glean its true significance.

 

"Since that time, the ramifications of these incredible parameters in silver mining are now apparent to me. Sadly, however, this important analytical point does not seem to be as apparent to others. While I’ve covered this subject matter once already in a prior commentary, the lack of general awareness in this area clearly merits repetition of this analysis.

 

"The basic parameters for the mining of metals on our planet are simple and clear. With nearly every commercially-produced metal on the planet, the vast majority of that metal is produced via “primary” mining – mines which “primarily” produce that particular metal. The reason for this should be obvious. ..."

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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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Jury Anger Displayed - The Public is Awake

Jury Anger Displayed - The Public is Awake | Gold and What Moves it. | Scoop.it

California Lawyer rights on the housing lending practices which helped to put the economy on the skids:

 

Understand that no economic "recovery" can EVER occur until all of this bad debt is expunged from the system.  Until this massive debt is wiped clean, the debtors will either struggle along in debt service, which means NO consumption at the Walmart, thus depriving the economy of vital money velocity and all that it entails, or they will default thus requiring write-downs, and reduction of value of QUADRILLIONS of derivative financial products that are, essentially, worthless. ...

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Billionaire Hugo Salinas Price - Elites Plan to Control Humanity

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

Today KWN is featuring an interview with multi-billionaire Hugo Salinas Price where he told King World News in stunning detail what he believes to be the frightening plan to “control the world” going forward.  He described this as a “very disturbing fact that is facing humanity.”  Here is how he detailed the horrifying situation in May of 2012:  “Eric, the problems we are seeing in the West are not going to be resolved in any positive way.  What we have had in the West, in recent decades, has been the welfare state.  The welfare state is, in my view, what I would call, ‘socialism light.’  We’ve had ‘socialism light’ and now we’re going to transition to full-blown socialism.” 

 

 

“This could not be paid for out of taxes -- it had to be financed.  This is what has caused the explosion of debt in the West.  The people who are in power, the elite, do not want to relinquish their power.  They plan to retain it under full-blown socialism for the populations of the West....

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Charles Hugh Smith: The Rot Within, Part III: Our Political Order Is Defined by Favoritism and Extortion

Charles Hugh Smith: The Rot Within, Part III: Our Political Order Is Defined by Favoritism and Extortion | Gold and What Moves it. | Scoop.it

What's the difference between the U.S. Congress and corrupt petty officials taking bribes at a Third-World border crossing? Only one of scale.

Corruption ceases to be corruption when it becomes the Status Quo; what was once recognized as corruption is seen as just another cost of doing business. Our political order is structurally corrupt: the key dynamic in every level of governance is favoritism and extortion.

Favors must be bought: those foolish enough not to spend freely on lobbyists and campaign contributions find their competitors have gained the upper hand by buying favors such as tax breaks, federal subsidies, no-bid contracts, cost-plus contracts, backroom deals, regulations that exclude competition and so on.

Politicos must extort campaign contributions from the maximum number of supplicants seeking favors to maintain their perquisites and power.

Here's how the system works ...

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YES THE MARKETS ARE RIGGED & THEY DON'T CARE THAT YOU KNOW

Visit site for video. Worth watching.

 

Michael Lewis discusses the market with Conan O'Brien.

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I’m convinced that the end of #QE is going to be the grand revealer. - Pento

I’m convinced that the end of #QE is going to be the grand revealer. - Pento | Gold and What Moves it. | Scoop.it

Michael Pento tells King World News:

 

Pento:  “Inflation is a persistent and pervasive fall in the purchasing power of paper money.  It is not too many people working and producing or being productive.  That is why I believe the Fed is going to be behind the inflation curve for years to come....


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Gold & Silver Set To Make History, Art Cashin & 3 Great Charts

Gold & Silver Set To Make History, Art Cashin & 3 Great Charts | Gold and What Moves it. | Scoop.it

Today KWN is putting out a special piece which features three charts showing the roadmap to a historic move in gold, silver, and the shares.  These are the types of charts that the big banks follow closely, as well as big money and savvy professionals.  David P. out of Europe sent us the remarkable charts that all KWN readers need to see.  There is also a bonus piece included from legendary Art Cashin ...

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Jesse's Café Américain: Green Slime: The Return of Franken-Money

Jesse's Café Américain: Green Slime: The Return of Franken-Money | Gold and What Moves it. | Scoop.it
The reason that there is a 'currency war' underway globally, and why there is increasing civil and political tension domestically, is not because of an envy for the Anglo-American one percent's way of life. The reason is that the monetary system and the Western economies have gone off the rails with financialization and speculation, and there is a commensurate revulsion from it from those who are in a position to seek alternatives wherever they may. Those who cannot will be victims. This system is fragile, and will not cohere. ...
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China secures Venezulan oil and gold deals, as President visits L.America

China secures Venezulan oil and gold deals, as President visits L.America | Gold and What Moves it. | Scoop.it
Chinese President Xi Jinping has signed a row of oil and mineral deals with Venezuela. The Chinese leader is on a four-country tour of Latin America aimed to increasing influence in the region.
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Western Delusions vs. Chinese Realities

Western Delusions vs. Chinese Realities | Gold and What Moves it. | Scoop.it
Casey Senior Precious Metals Analyst Jeff Clark debunks common misconceptions about Chinese demand for gold today.

 

Jeff Clark, Senior Precious Metals Analyst

 

I don’t want to say that mainstream analysts are stupid when it comes to China’s gold habits, but I did look up how to say that word in Chinese…

 

One report claims, for example, that gold demand in China is down because the yuan has fallen and made the metal more expensive in the country. Sounds reasonable, and it has a grain of truth to it. But as you’ll see below, it completely misses the bigger picture, because it overlooks a major development with how the country now imports precious metals.

 

I’ve seen so many misleading headlines over the last couple months that I thought it time to correct some of the misconceptions. I’ll let you decide if mainstream North American analysts are stupid or not.

 

The basis for the misunderstanding starts with the fact that the Chinese think differently about gold. They view gold in the context of its role throughout history and dismiss the Western economist who arrogantly declares it an outdated relic. They buy in preparation for a new monetary order—not as a trade they hope earns them a profit.

 

Combine gold’s historical role with current events, and we would all do well to view our holdings in a slightly more “Chinese” light, one that will give us a more accurate indication of whether we have enough, of what purpose it will actually serve in our portfolio, and maybe even when we should sell (or not). ...

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Gold Dumped (Pre-CPI) And Pumped (Post-CPI) | Zero Hedge

Gold Dumped (Pre-CPI) And Pumped (Post-CPI) | Zero Hedge | Gold and What Moves it. | Scoop.it
9 minutes before CPI data hit, gold futures were slammed lower on notable volume ($390 million). Then as CPI hit and "noise" was evidently not going away, gold prices surged over $12 to $1316 obn very heavy volume... Gold is moving inversely with the USD (which is flying around) as stock rally (?) and longer-term bonds rally/flatten.
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Looking at the gold price these days, it's sure hard to believe that there is so much economic and monetary strife going on out there

Looking at the gold price these days, it's sure hard to believe that there is so much economic and monetary strife going on out there | Gold and What Moves it. | Scoop.it

Ed Steer Writes:

 

Looking at the gold price these days, it's sure hard to believe that there is so much economic and monetary strife going on out there---and the geopolitical icing on the cake is the Ukraine/Russia situation---along with the Israel/Palestine military action currently underway.  And I believe it was just last week the China told the U.S. to keep its nose out the South China Sea as well.

 

I suspect that commodity prices in general, along with the four precious metals in particular, have become crucial elements in the Pentagon's "Full Spectrum Dominance" doctrine that F. William Engdahl wrote about back in October of 2009---and if you haven't read the book, you should!  JPMorgan et al. are just doing the dirty work in the Comex futures market on their behalf---and it's not just American bullion banks, either. ...

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Is the US dollar under attack? (Part II of II) - OfWealth

Is the US dollar under attack? (Part II of II) - OfWealth | Gold and What Moves it. | Scoop.it
Part I explained how and why the dollar is such an important reserve and trade currency, and how the USA relies on this privileged position to remain solvent. But momentum is building to challenge the dollar’s dominance in global trade and investment flows. Is this something that should worry us, and what can we do about it?
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So what if there's no #gold if people are happy to take paper and electrons? | #GATA

So what if there's no #gold if people are happy to take paper and electrons? | #GATA | Gold and What Moves it. | Scoop.it

Dear Friend of GATA and Gold:

 

Gold fund manager Egon von Greyerz, interviewed today by King World News, notes that gold deposit discoveries have collapsed and that the time required for turning a deposit into a mine has lengthened. Von Greyerz argues that this foretells much higher gold prices.

 

Not necessarily. For new deposits of paper are being found all the time -- it's a renewable resource -- and there always will be an infinite supply of electrons and numbers for use in assembling bank and investment house balance statements. ...

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oftwominds-Charles Hugh Smith: Are We Addicted to Failure?

oftwominds-Charles Hugh Smith: Are We Addicted to Failure? | Gold and What Moves it. | Scoop.it

Like all addicts, Central Planners are confident they can manage the monkey on their back. But this is a self-serving illusion.

Addiction is many things, but beneath its complexities it is a self-destructive expression of the desire to avoid or suppress pain. The pain might be physical or the stuff of the mind, memories or inner demons or tortured misgivings about one's choices, soul and life.

Though the self-destructive aspects of the addiction are painfully visible to observers, to the addict they represent a solution: perhaps not the ideal one or even a good one, but a solution nonetheless.

Fear plays a big part in many addictions--fear of life without the addictive salve. The ...

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Switzerland Has Exported More than 600 tons Of Gold To Asia

Switzerland Has Exported More than 600 tons Of Gold To Asia | Gold and What Moves it. | Scoop.it

With the war in the gold and silver markets heating up, today gold analyst Frank K. out of the Netherlands sent King World News two shocking charts which reveal the massive flow of gold from West to East.  The charts show gold is literally hemorrhaging from Western central bank vaults to Eastern vaults, where it will never return.


Here is what Frank K. had to say along with his 2 key charts: According to the latest figures by the Swiss Customs Administration, the country has exported a total of more than 600 tons of gold to Asia in the first half of this year....

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Goldman Goes Schizo On Gold: Boosts Price Target To $1200 Even As It Is "Selling It With Conviction" | Zero Hedge

Goldman Goes Schizo On Gold: Boosts Price Target To $1200 Even As It Is "Selling It With Conviction" | Zero Hedge | Gold and What Moves it. | Scoop.it
With less than 6 months to go until the end of the year, with various gold ETFs suddenly seeing the biggest buying in years, and with gold continuing to outperform most asset classes YTD, what is Goldman to do? Why follow the trend of course, and just like David Kostin had no choice but to boost his S&P 500 price target using the idiotic Fed model as a basis, so earlier today Goldman just upgraded its gold price target from $1,066 to $1,200. Probably this means that after accumulating it for the first half of the year, Goldman is finally preparing to sell the precious metal. Not so fast: because while Goldman did just raised its price target, it continues to have a Conviction Sell rating on Gold, which is its second most hated commodity after iron ore. Go figure.
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Tiny Gold Nanomotors Spin 10x Faster Than a Race Car Engine

Tiny Gold Nanomotors Spin 10x Faster Than a Race Car Engine | Gold and What Moves it. | Scoop.it
Nanomotors are an amazing feat of engineering: tiny gold rods less than a micrometer long, powered by ultrasonic waves to spin at crazy-fast speeds. How fast? Scientists just figured out a way to measure, and it's astonishing: 150,000 RPM, ten times faster than the fastest race car engine.
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Tech is cool.

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oftwominds-Charles Hugh Smith: The Rot Within, Part II: Inflation Is Not "Growth"

oftwominds-Charles Hugh Smith: The Rot Within, Part II: Inflation Is Not "Growth" | Gold and What Moves it. | Scoop.it

Just as the Federal Reserve cannot directly force you to stick the needle of monetary heroin (debt) into your arm, it also can't force employers to pay employees more.

The official policy of the Central Bank (Federal Reserve)/government is: inflation is necessary for "growth," i.e. economic expansion. The unstated reason for this official support of inflation is that it's easier for borrowers to service their debts as their income inflates.

To take an extreme example: let's say a homeowner has a mortgage of $100,000, an annual wage of $40,000 and annual mortgage payments of $10,000. At 100% annual inflation in both prices and wages, the home mortgage remains fixed at $100,000, the payment remains fixed at $10,000 but his earnings double to $80,000.

Where the mortgage payment initially took 25% of his earnings, now it ...

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Hambro ‘Horrified’ by Tampering of London Gold Fix

Peter Hambro, chairman of gold producer Petropavlovsk Plc, said he was “horrified” by the manipulation of the London fix given its importance to the industry.
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China signs currency swap worth 150 billion yuan with Switzerland : Jim Sinclair's Mineset

China signs currency swap worth 150 billion yuan with Switzerland : Jim Sinclair's Mineset | Gold and What Moves it. | Scoop.it

(Reuters) – China signed a bilateral currency swap agreement worth 150 billion yuan ($24.17 billion) with the Swiss central bank, which can invest up to 15 billion yuan in China’s bond market.


The three-year swap, signed on Monday, will "provide liquidity support for bilateral economic and trade exchanges and help maintain financial stability," the People’s Bank of China (PBOC) said in a statement on its website, www.pbc.gov.cn.


The swap deal will provide liquidity support for development of the offshore yuan market in Switzerland and will be extended if needed, the PBOC said. ...

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The march away from the Dollar continues.

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Gold could be the future of medication delivery - Shiny Shiny

Gold could be the future of medication delivery - Shiny Shiny | Gold and What Moves it. | Scoop.it
The days of swallowing medicine and hoping it does the job are numbered. In future, precious metals will deliver drugs to a specifically targeted type of cell or part of the body. At least, that’s according to scientists from the Massachusetts Institute of Technology and EPFL, who have discovered that gold nanoparticles are able to penetrate cell membranes, meaning they ...
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oftwominds-Charles Hugh Smith: The Rot Within, Part I: Our Ponzi Economy

oftwominds-Charles Hugh Smith: The Rot Within, Part I: Our Ponzi Economy | Gold and What Moves it. | Scoop.it

Depending on blowing the next bubble to temporarily prop up the economy is the height of foolhardy shortsightedness.

All the conventional policy fixes proposed by Demopublican politicos, technocrats and the vast army of academic/think-tank apparatchiks are the equivalent of slapping a coat of paint on a fragile facade riddled with dryrot. All these fake-fixes share a few key characteristics:

1. They focus on effects and symptoms rather than address the underlying causes, i.e. the dryrot at the heart of our government, society and economy.

2. They maintain and protect the Status Quo Powers That Be--no vested interests, protected fiefdoms or Financial Elites ever lose power as a result of these policy tweaks. ...

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Grandich Observations on Gold and Markets.

Grandich Observations on Gold and Markets. | Gold and What Moves it. | Scoop.it

Peter Grandich writes:


After last Monday’s “takedown” on the Crimex (Comex) opening, the numerous gold bears (and the financial journalists who “love” to cover their “dislike” for the “relic”), were out on Tuesday rehashing for the umpteen time why gold is going under $1,000. I believe “panning” gold now joins “death and taxes” as sure things Gold and silver have worked off their oversold position and while some more back and filling wouldn’t hurt, I believe the surprises shall be mostly to the upside for the balance of 2014. ...

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This Collapse Will Be Infinitely Worse Than The 2008 Crisis

By Michael Pento of Pento Portfolio Strategies

July 19 (King World News) - This Collapse Will Be Infinitely Worse Than The 2008 Crisis

 

According to Pimco’s new Chief Economist, Paul McCulley, the Fed’s war against inflation has been won!  But, before we get out our party hats and plan the tickertape parade, we have to ask ourselves – for the past 27 years have we really been at war with inflation?  Yes, during the late 1970’s and early 80’s a different Paul (Paul Volcker, Chairman of the Federal Reserve) waged a real battle against inflation....

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The Fed: The No. 1 Reason to Own Gold | Uncommon Wisdom Daily

The Fed: The No. 1 Reason to Own Gold | Uncommon Wisdom Daily | Gold and What Moves it. | Scoop.it
With interest rates at historic lows and the Fed's balance sheet loaded to its gills -- and with gold below $1,300 right now -- owning gold is a good move here.
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