Gold and What Mov...
Follow
66.2K views | +73 today
Scooped by Hal
onto Gold and What Moves it.
Scoop.it!

Still Churning. the algos are in charge. #Gold #Silver

Still Churning. the algos are in charge. #Gold #Silver | Gold and What Moves it. | Scoop.it

TF Metals writes: 

 

" ... For today, the algos are in charge and The Cartels are ensuring that price gets pegged where they want/need it for option expiration and the CoT survey. I don't expect any substantial rallies but I don't expect any major selloffs, either. ..." click through for the charts and the full analysis.

more...
No comment yet.
Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
Curated by Hal
Your new post is loading...
Scooped by Hal
Scoop.it!

WHY DOES THIS KEEP HAPPENING?

WHY DOES THIS KEEP HAPPENING? | Gold and What Moves it. | Scoop.it
It's simply amazing how short people's memories are. Practically nobody remembers the 2007/2008 crash. LIBOR froze up, intra-bank lending stopped. The whole financial system almost completely froze...
more...
No comment yet.
Scooped by Hal
Scoop.it!

CME plans to launch physically settled #Asia #gold futures - Mineweb

CME plans to launch physically settled #Asia #gold futures - Mineweb | Gold and What Moves it. | Scoop.it

Sources familiar with the matter say CME Group plans to launch a physically deliverable gold futures contract in Asia.

more...
No comment yet.
Scooped by Hal
Scoop.it!

This is China’s secret “financial weapon.” The launch date is closer than you think. | The Crux

This is China’s secret “financial weapon.” The launch date is closer than you think. | The Crux | Gold and What Moves it. | Scoop.it

From Matt Badiali, editor, The S&A Resource Report:

China could shock the world this spring...

 

Of course, the communist government is extremely secretive. But all the evidence I have indicates that they are planning to unveil a massive secret. And this secret could reshape the world's financial system.

 

I believe the unveiling will come on or around April 24, 2014... but it's been in the works for a long time...

 

This secret... the amount of gold in China's coffers, will hit the world like a bomb. ...

Hal's insight:

Click through for the full piece. Hat tip to http://www.checkgoldprice.com/2014/04/surprise-you-could-be-funding-chinas-military/

 

more...
No comment yet.
Scooped by Hal
Scoop.it!

Mugabe Considers Revival Of "Hyperinflated" Zimbabwe Dollar | Zero Hedge

Mugabe Considers Revival Of "Hyperinflated" Zimbabwe Dollar | Zero Hedge | Gold and What Moves it. | Scoop.it
It seems every bubble is coming back. 5 Years after Zimbabwe abandoned the Zim Dollar (in favor of the US Dollar) after inflation surged to 500 billion percent the year before (according to the IMF), Bloomberg reports that Robert Mugabe's ruling party is considering reintroducing the local currency as it struggles to meet its monthly wage bill. "If they bring back the [Zim] dollar it will quickly deteriorate to worse than then, we’ll have nothing," warns one businessman as the appeal of reviving the Zimbabwe Dollar - allowing the government to print money to meet its needs - is surely outweighed by the lessons of the past. "We'll just die - we can't go back to 2008," but it seems governments never learn and memories are short. Get long wheel-barrows.
Hal's insight:

Rather amazing that they would think this is a good idea after only la few short years. Memories must be really faulty.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Exactly Like 7 Years Ago? 2014 Is Turning Out To Be Eerily Similar To 2007

Exactly Like 7 Years Ago? 2014 Is Turning Out To Be Eerily Similar To 2007 | Gold and What Moves it. | Scoop.it

The similarities between 2007 and 2014 continue to pile up.  As you are about to see, U.S. home sales fell dramatically throughout 2007 even as the mainstream media, our politicians andFederal Reserve Chairman Ben Bernankepromised us that everything was going to be just fine and that we definitely were not going to experience a recession.  Of course we remember precisely what followed.  It was the worst economic crisis since the days of the Great Depression.  And you know what they say - if we do not learn from history we are doomed to repeat it.  Just like seven years ago, the stock market has soared to all-time high after all-time high.  Just like seven years ago, the authorities are telling us that there is nothing to worry about.  Unfortunately, just like seven years ago, a housing bubble is imploding and another great economic crisis is rapidly approaching. ...

Hal's insight:

Click through for the rest. Are you ready?

more...
No comment yet.
Scooped by Hal
Scoop.it!

The High Risk Of “Safekeeping” Gold In A Central Bank Custodial Vault | Investment Research Dynamics

The High Risk Of “Safekeeping” Gold In A Central Bank Custodial Vault | Investment Research Dynamics | Gold and What Moves it. | Scoop.it

Although the western media at large, and especially the mainstream in the United States, remarkably never reported the event, the United States Government defaulted on Germany’s request to have some portion of its gold shipped from the Fed custodial vaults back to Germany.  That’s right – the U.S. outright defaulted. ...

Hal's insight:

Click over for the full post.

more...
No comment yet.
Scooped by Hal
Scoop.it!

So central bank #gold is being held in investment bank vaults | #GATA

So central bank #gold is being held in investment bank vaults | #GATA | Gold and What Moves it. | Scoop.it

GATA writes:

 

Today's Reuters report about changes at the gold and currency trading desks of investment banks, which was called to your attention in a dispatch a little while ago --

 

http://www.reuters.com/article/2014/04/22/banks-gold-forex-idUSL6N0NE3K9...

 

-- is notable for more than its acknowledgment that central banks are surreptitiously trading gold every day, an acknowledgement made last September by the Banque de France:

 

http://www.gata.org/node/13373

 

For in reporting that "banks that serve central banking customers with large bullion reserves to manage will have a greater need to offer gold trading and storage services," Reuters also has acknowledged that much central bank gold is now held ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Forgotten Sadomonetarists

Forgotten Sadomonetarists | Gold and What Moves it. | Scoop.it

If you favor sound money, you’re a sadomonetarist, according to New York Times columnist Paul Krugman. The Nobel Prize winner says he doesn’t use the term “just to be colorful.” No, he uses the term “advisedly,” and defines it as “an attitude, common among monetary officials and commentators, that involves a visceral dislike for low interest rates and easy money, even when unemployment is high and inflation is low.”

 

Krugman writes as if one favors low interest rates versus high ones in the same way a person supports high taxes versus low, or more government versus less. Interest rates are now government policy to be argued about and decided by government bureaucrats serving at the pleasure of politicians, instead of a reflection of the demand for funds versus the supply.

 

At what interest rate does a person’s support render him or her the Marquis de Sade?

 

The columnist says he’s happy that sadomonetarists have little influence at the Federal Reserve, “but they do constantly harass the Fed, demanding that it stop its efforts to boost employment.”

 

Krugman still buys into the dubious notion that low interest rates lead to more jobs, not to let the facts get in the way of his Keynesian theory. ...

Hal's insight:

Click through for the rest of the article.

more...
No comment yet.
Scooped by Hal
Scoop.it!

“Axis Of Power” As Countries Move To Link Currencies To #Gold

“Axis Of Power” As Countries Move To Link Currencies To #Gold | Gold and What Moves it. | Scoop.it

On the heels of continued uncertainty around the globe, today an acclaimed money manager spoke with King World News about a new “axis of power,” as Russia and China move to link their currencies with gold, and both countries continue to form an alliance with Germany.  Below is what Stephen Leeb had to say.


Leeb:  “I think one consequence of what’s happened in Ukraine is to put Europe on notice.  This means they have to make sure that their economies, not just the German economy, continue to grow.  If they don’t, Russia’s influence will spread wider and wider. ...


more...
No comment yet.
Scooped by Hal
Scoop.it!

oftwominds-Charles Hugh Smith: This Is How Empires Collapse

oftwominds-Charles Hugh Smith: This Is How Empires Collapse | Gold and What Moves it. | Scoop.it

This is how empires collapse: one complicit participant at a time.

Before an empire collapses, it first erodes from within. The collapse may appear sudden, but the processes of internal rot hollowed out the resilience, resolve, purpose and vitality of the empire long before its final implosion.
What are these processes of internal rot? Here are a few of the most pervasive and destructive forces of internal corrosion:

1. Each institution within the system loses sight of its original purpose of serving the populace and becomes self-serving. This erosion of common purpose serving the common good is so gradual that participants forget there was a time when the focus wasn't on gaming the system to avoid work and accountability but serving the common good. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Chinese Gold Demand Dropping | In Gold We Trust

Chinese Gold Demand Dropping | In Gold We Trust | Gold and What Moves it. | Scoop.it

I still owe you guys un update on withdrawal numbers from the SGE, published last friday April 18. SGE withdrawals, which equal Chinese wholesale demand, in week 15 (08-04-2014/11-04-2014) accounted for 21 metric tonnes. A lot of gold but the lowest numbers since March 2013 – also due to the fact the SGE was closed on April 7, leaving only four days of trading in week 15. Nonetheless, demand has been in a downtrend for six weeks in Shanghai and premiums are negative, which doesn’t hint at a supply shortage on the SGE. At the same time we saw GOFO rates being negative over this period in western markets, which does hint at supply shortages. This situation illustrates the PBOC’s gold policy; gold is allowed to be imported but not exported. ...

Hal's insight:

Click through for the charts and rest of the post.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Chinese gangs implicated in India gold smuggling - Mineweb

Chinese gangs implicated in India gold smuggling - Mineweb | Gold and What Moves it. | Scoop.it

New evidence suggests the involvement of Chinese mafia in smuggling gold into India.


Author: Shivom Seth
Posted: Tuesday , 22 Apr 2014 

MUMBAI (MINEWEB) - 

A Dubai based Chinese mafia appears to be playing a key role in gold smuggling incidents, especially in South India, customs officials in India say.

 

Over the last few months, customs officials at the Rajiv Gandhi international Airport in Hyderabad, have detained more than 50 passengers and recovered approximately 80 kilograms of gold. On April 1, about 7.70 kilogram of gold was seized from two passengers by the Directorate of revenue intelliegence sleuths, which was the first instance to alert the investigating team about the role of the neighbouring nation.

 

"Though it sounds incredulous, investigators have come across enough evidence to indicate that Chinese gangs are hiring operators in other countries and smuggling gold into Hyderabad, Kerala and other Indian cities," said Kalyan Revella, Assistant Commissioner, Customs and Central Excise, at Hyderabad. ...


Hal's insight:

There's a Chinese mafia? Isn't typically the police in China?

more...
No comment yet.
Scooped by Hal
Scoop.it!

Why Bankers that Use HFT Algorithms Literally Impede Life, Liberty & the Pursuit of Happiness - SmartKnowledgeU Gold & Silver Freedom Blog

Why Bankers that Use HFT Algorithms Literally Impede Life, Liberty & the Pursuit of Happiness - SmartKnowledgeU Gold & Silver Freedom Blog | Gold and What Moves it. | Scoop.it
How bankers use HFT algorithms to impede life, liberty and the pursuit of happiness

 

Because unscrupulous bankers have turned gold and silver futures markets into a fractional reserve gold and silver market in which they fraudulently trade hundreds of more paper ounces of gold and silver than are produced in the physical world every year, I argue that it is the notional daily trading volume of gold and silver futures contracts that truly matters, and not the actual contractual dollars that trade. Why? Because bankers use the notional amounts, and not the actual contractual amounts, represented by gold and silver futures contracts, to suppress gold and silver prices. For example, in this article I wrote in April, 2013, I illustrated how the banking cartel sold 6,000,000+ ounces of gold in less than half an hour, represented by 60,000 gold futures contracts to spark a sell-down in gold prices. The banking cartel likely did not even sell one physical ounce of gold to affect this rout on the price of gold and the 6,000,000 gold ounces they sold were notional and imaginary ounces of gold that the bankers never owned nor sold. However, it was the imaginary 6,000,000+ ounces of imaginary paper gold ...

Hal's insight:

Click through for the full article.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Demography + Debt = Doom

Demography + Debt = Doom | Gold and What Moves it. | Scoop.it

A ‘Perfect Storm’ of demography and debt will economically and financially doom almost every country on earth. It will be TEOTWAWKI – ‘The End Of The World As We Know It’.

 

No, it’s not the end of life or even the end of civilization. However, when it’s all over, nothing will ever be the same and that includes the disappearance of much of the middle class.

 

On the other hand, as Jesse of ‘Le Cafe Americain’ writes “there is nothing we are facing or are likely to face, outside of an all out nuclear war, that was not faced by our fathers and grandfathers who faced two World Wars and a Great Depression in between.” Although nuclear war is highly unlikely, the alternatives are not very enticing prospects.

 

First, the good news. The storm won’t last forever. In fact, it may end sooner than many think. And, when it’s finished, life for many may be better than today’s slow economic strangulation, at least for those who stop self-medicating with their boob-tubes, Tweets, iGadgets and self-aggrandizing social media long enough to pay some serious attention and try to understand what’s happening.

 

The bad news is there will be much more pain before it ends unless you make an effort to ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold ETFs losing shine in India - Mineweb

Gold ETFs losing shine in India - Mineweb | Gold and What Moves it. | Scoop.it

Mirroring the slump in imports, gold ETFs have tanked in the country, with investors jumping the bullion ETF ship.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Russia Considering Pricing Oil Exports In Rubles, Offering Discount, Says James Rickards

Russia Considering Pricing Oil Exports In Rubles, Offering Discount, Says James Rickards | Gold and What Moves it. | Scoop.it

Russia may start pricing its oil exports in roubles and offer discounts to buyers not using dollars as irritation with the U.S. over its actions in Ukraine festers, according to a tweet on Wednesday by American investment banker James Rickards. 


Rickards, a noted U.S. economist and investor, met over breakfast at the Mayfair Hotel in London with the Russian ambassador to the UK, Alexander Yakovenko. The two men discussed "financial warfare between the U.S. and Russia around Crimea." ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

Ellen Brown: Banks Will Take Deposits in the Coming Financial Meltdown, LIBOR Rate Rigging and More - YouTube

http://usawatchdog.com/fed-knows-libor-rate-rigging-is-a-criminal-conspiracy-ellen-brown/ - Can bank bail-ins come to America? Ellen Brown of the Web-of-Debt...
more...
No comment yet.
Scooped by Hal
Scoop.it!

West Hemorrhaging Gold But Here’s Its True Achilles’ Heel

West Hemorrhaging Gold But Here’s Its True Achilles’ Heel | Gold and What Moves it. | Scoop.it

Today one of the most highly respected fund managers in Singapore warned King World News that the West is continuing to hemorrhage gold, but also cautioned that was not the West’s true Achilles’ heel.  Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, described the great danger for the West, and also discussed the massive demand coming out of the East from countries such as Russia and China.


Eric King:  “The Chinese and the Russians understand what the end game is for Western central planners, which is why they have been buyers of physical gold, and in the case of the Chinese, prolific buyers.  Do you get the feeling that the people in Asia, who have also been large buyers of physical gold, understand where this is headed as well because they’ve seen so many paper currencies in various countries come and go?”

 

Williams:  “It certainly gives the people in the East a much better foundation in terms of understanding how this is likely to play out vs. people in the West.  You’ve had two generations in the West now who have had nothing but, at least notionally and optically, an increasing standard of living....


Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Deutsche Bank sees historically Tuesdays are not good days for Gold

Deutsche Bank sees historically Tuesdays are not good days for Gold | Gold and What Moves it. | Scoop.it
On a historical basis, gold prices perform poorly on Tuesdays, just as equity markets do well on that day, said Deutsche Bank in a daily metal outlook.
Hal's insight:

LOL You don't say.

more...
No comment yet.
Scooped by Hal
Scoop.it!

#Gold, #silver rise on seasonal demand, global cues - The Economic Times

#Gold, #silver rise on seasonal demand, global cues - The Economic Times | Gold and What Moves it. | Scoop.it

NEW DELHI: Gold prices rose by Rs 190 to Rs 30,440 per ten grams at the bullion market on Wednesday following sustained buying by stockists on pick-up in seasonal demand amid firm global trend. 

Silver also rose by Rs 470 to Rs 43,300 per kg on increased offtake by industrial units and coin makers. 

Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices. ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

Collapse Of Western Ponzi Scheme To Send Gold Skyrocketing

Collapse Of Western Ponzi Scheme To Send Gold Skyrocketing | Gold and What Moves it. | Scoop.it

Today one of the most highly respected fund managers in Singapore told King World News that the collapse of the Western Ponzi scheme will send the price of gold skyrocketing.  Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, also discussed the coming implosion of the Western scheme as well as how the Russians and the Chinese positioning themselves ahead of this collapse.


Eric King:  “Grant, as you know James Turk told KWN that gold is in the deepest backwardation we’ve seen in 8 months.  What’s happening in the gold market?”

 

Williams:  “Eric, this gets back to the difference between physical metal and paper.  We’ve seen this increasing demand for physical gold out of Eastern countries in the last 18 months, particularly China, and that demand for physical is showing itself on a short-term basis in the negative (GOFO) rates we are seeing....



Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Wall Street Greed: Not Too Big for a California Jury

Wall Street Greed: Not Too Big for a California Jury | Gold and What Moves it. | Scoop.it

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates.  Why are we doing business with a corrupt global banking cartel?

United States Attorney General Eric Holder has declared that the too-big-to-fail Wall Street banks are too big to prosecute.  But an outraged California jury might have different ideas. As noted in the California legal newspaper The Daily Journal:

California juries are not bashful – they have been known to render massive punitive damages awards that dwarf the award of compensatory (actual) damages.For example, in one securities fraud case jurors awarded $5.7 million in compensatory damages and $165 million in punitive damages. . . . And in a tobacco case with $5.5 million in compensatory damages, the jury awarded $3 billion in punitive damages . . . .

The question, then, is how to get Wall Street banks before a California jury. How about charging them with common law fraud and breach of contract?  That’s what the FDIC just did in its massive 24-count civil suit for damages for LIBOR manipulation, filed in March 2014 against sixteen of the world’s largest banks, including the three largest US banks – JP Morgan Chase, Bank of America and Citigroup.   ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

Notes From Underground: CRUNCH TIME! Liquidity Addition Coming Through Strengthening ABS

If my radar is right, the coming European Central Bank QE program will be a concoction of asset-backed securities in an effort to remove non-performing loans from bank balance sheets. There have been a multitude of  “conjectures” about how the ECB is going to pump liquidity into a very low growth economy. Previously it seemed that some at the ECB wished to install negative yields on bank reserves. This would be an experiment fraught with danger as it could cause great problems for the money funds that have recently returned to Europe. The problem for money market funds was epitomized in a statement from Bank of New York Mellon’s CFO Todd Gibbons after today’s earnings release and reported in tomorrow’s Financial Times:”If the eurozone were to go to negative rates that would actually present the opportunity for us to charge for deposits and we are giving that very serious consideration.” The idea of  “negative interest rates on reserves” has been bandied about as some members of the ECB board have tried to stem the euro currency’s recent strength. It has been surmised that charging banks for parking excess reserves at theECB would force European banks to reverse course and put the funds out to lending rather than having to pay a fee for the safety of the ECB. ...

more...
No comment yet.
Scooped by Hal
Scoop.it!

Net open interest in #gold is approaching historic lows. Silver is a different story - Ed Steer

Net open interest in #gold is approaching historic lows. Silver is a different story - Ed Steer | Gold and What Moves it. | Scoop.it

Ed Steer writes:

 

[As] the net open interest in gold is approaching historic lows---the net open interest in silver is blowing out almost to new highs, despite the fact that both gold and silver are either at, or within spitting distance of their low prices as this current rendition of the engineered price declines unfold.

more...
No comment yet.
Scooped by Hal
Scoop.it!

A Crisis vs. THE Crisis: Keep Your Eye on the Ball

A Crisis vs. THE Crisis: Keep Your Eye on the Ball | Gold and What Moves it. | Scoop.it
Can gold still return to and beat its prior highs, absent a major political crisis or a full-blown military conflict?

 

Laurynas Vegys, Research Analyst

 

Today I want to talk about crises. Two of the most notable ones that have been in the public eye over the course of the past 6-8 months are obviously the conflicts in Ukraine and Syria. The two are very different, yet both seemed to cause rallies in the gold market.

 

I say “seemed” because, while there were days when the headlines from either country sure looked to kick gold up a notch, there were also relevant and alarming reports from Argentina and other emerging markets, as well as from China during many of the same time periods. Nevertheless, looking at the impressive gains during these periods, one has to wonder if it actually takes a calamity for gold to soar.

 

If so, can the yellow metal still return to and beat its prior highs, absent a major political crisis or a full-blown military conflict? My answer: Who needs a new crisis when we live in an ongoing one every day? ....

Hal's insight:

Click through for the full article.

more...
No comment yet.