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The Cliff Agreement And Gold

The Cliff Agreement And Gold | Gold and What Moves it. | Scoop.it

by Dave Kranzler:

 

"... Per my thesis above, the Fiscal Cliff deal will now lead to a much higher Treasury debt limit ceiling - if not the complete elimination of it, which has been proposed by Obama - and a much higher level of QE. How do you invest knowing this ahead of time?

 

The answer is in gold. Gold has already given an 82% reward to those who started buying back in 2000. I don't think anyone's stock portfolio has appreciated 82% since 1/1/2000. Gold has at least another 82% reward ahead of it vs. the dollar. This chart shows just how bullish the set up is for gold to move a lot higher right now ..."

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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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Thursday, August 28 Market Update - American Hard Assets

Thursday, August 28 Market Update - American Hard Assets | Gold and What Moves it. | Scoop.it
Market Update: A softer dollar and rising tensions between Ukraine and Russia have the Gold price close to reclaiming the $1,300 per ounce level.
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ZIRP Morphes to NIRP | Why gold and silver are not going dramatically lower from here

ZIRP Morphes to NIRP | Why gold and silver are not going dramatically lower from here | Gold and What Moves it. | Scoop.it

TF Metals writes:

 

ZIRP is the official policy of The US Federal Reserve and it has been since The Great Financial Crisis of 2008...which I might remind you was SIX FREAKING YEARS AGO.


NIRP: http://www.zerohedge.com/news/2014-06-05/nirp-has-arrived-europe-officially-enters-monetary-twilight-zone

 

NIRP is still so new that there's not a even Wikipedia page for it yet. Maybe we should start one? If we don't, someone will. NIRP is Negative Interest Rate Policy and it's here to stay. This is where you pay interest to the bank or some other "lender" like a government for the privilege of having them hold your cash for you.

 

Why does this matter and why I am bringing this up again today? Because it's just another reason that gold (and silver) are NOT going dramatically lower from here. All of the TA-only fools who count their waves and draw their lines are simply checking their brains at the door and not using common sense. Just as the laws of supply and demand will prohibit another steep drop in price, a world of NIRP will do the same. For when the world is so awash in fiat currency that lenders are actually able to charge interest to their borrowers, that's a pretty telling sign that the devaluation of paper money continues at a breakneck pace. "Investors" may, so far, be slow to return to the safety of precious metal. With NIRP as the new norm, that won't last much longer. ...

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My Blog

Eric King:  “We both know that governments in the West and in Japan have to attempt to inflate their way out of the massive debt problems they face.  A decision was made this time versus the 1970s to lie to the people -- to release phony government statistics about inflation and real GDP.  What about the decision to attempt to inflate away the debt and to mislead the public about the actual inflation numbers?”

 

Dr. Malmgren:  “It’s such an interesting subject because I’ve been very privileged to have worked in that inner circle.  I was the President’s advisor in the White House on this and in the meetings with the Chairman of the Fed and the team there.


I think what happens is that all the other options for dealing with the debt are so unpalatable and so bad that they back into the decision to inflate away the debts and to debase the currency.  So they take the option that leads them down the road of inflation.  Of course no central banker wants to admit that this is what they are doing so they come up with other excuses. ...

Hal's insight:

Click through for the full interview Eric King conducts with Dr. Malmgren. It'll give you food for thought on gold. Remember gold has been rising because of debt. It's why central banks have been adding gold to their assets.

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Gold Bullion Rallies Again from 2 Month Lows as Equities, Eurozone Bonds Hit Record Highs - Shanghai Metals Market

Gold Bullion Rallies Again from 2 Month Lows as Equities, Eurozone Bonds Hit Record Highs - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
Gold bullion prices rallied again from near 2-month lows against the US Dollar Wednesday morning, creeping 0.2% higher to $1287 per ounce as world stock markets extended their new record highs. Gold Bullion Rallies Again from 2-Month Lows as Equities, Eurozone Bonds Hit Record Highs
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Jesse's Café Américain: A Tale of Two Markets: One for Wealthy Insiders, And Another For the Rest of Us

Jesse's Café Américain: A Tale of Two Markets: One for Wealthy Insiders, And Another For the Rest of Us | Gold and What Moves it. | Scoop.it

Jesse writes:


For someone that is not drinking the daily dose of electronic kool aid from the mainstream media, this is a systemic, institutionalized control fraud that inevitably leads to a financial crisis.   And a close survey of the markets today might lead one to observe, 'My God.  These lunatics are going to do it again.'

That is what it is in plain words.   That is what the price discovery of the US, which controls the reserve currency of the world and sets many of its key prices, is based upon.   This is not some rogue trader, or anomalous abuse.  This is fraud that is deeply woven into the very fabric of the system, and is widely tolerated with a self-serving wink and a nod. ...

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India gold premiums surge on anticipated festive season demand - Shanghai Metals Market

India gold premiums surge on anticipated festive season demand - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
The gold premiums in India have more than doubled during current week in anticipation of towering festive season demand.
India gold premiums surge on anticipated festive season demand
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Wednesday, August 27 Market Update - American Hard Assets

Wednesday, August 27 Market Update - American Hard Assets | Gold and What Moves it. | Scoop.it
Aug 27 (APMEX) — Precious Metal prices are opening the day higher, gaining back yesterday’s losses on chart-based buying. Although recent geopolitical tens

Via American Hard Assets
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James Corbett of The Corbett Report on Fukushima, Global War and the Fed | Greg Hunter’s USAWatchdog

James Corbett of The Corbett Report on Fukushima, Global War and the Fed | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com

 

Journalist James Corbett thinks much of the world’s problems can be traced back to the Federal Reserve and recently produced a free online documentary to back up his charge. Corbett says, “The central banking issue and who controls the money supply is really at the root of so many of the problems we see taking place right now; it’s not only economically, but geopolitically. The United States ability to wage war around the globe is predicated on the ability to continue issuing debt in order to create more money in the economy. . . . By any measure you want to use . . . the Federal Reserve, it is a stunning failure because it fails to live up to all the reasons it was created for including insuring the stability of the money supply and the stability of the purchasing power of the dollar which has declined a staggering 97% since the creation of the Fed 100 years ago. . . . That failure keeps snowballing on itself. So, the problems keep getting bigger and bigger and bigger. . . . It is a system designed for and by the private banking cartel, and it serves their interests very well to the detriment of everybody else in the country.” ...

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Will The US Succeed in Breaking Russia to Maintain Dollar Hegemony?... | Clive Maund | Safehaven.com

Will The US Succeed in Breaking Russia to Maintain Dollar Hegemony?... | Clive Maund | Safehaven.com | Gold and What Moves it. | Scoop.it
Any state that moves to opt out of using the dollar as a medium of exchange is dealt with, forcibly if deemed necessary. The tactics are threefold - economic blockade (sanctions), the funding of an internal revolution, perhaps assisted by ...

 

We are witness to the greatest struggle of our age - the battle to maintain global dollar hegemony, and with it US economic, military and political dominance of the entire planet - and this struggle is now coming to a head. ...

Hal's insight:

Click through for the rest. An interesting read. 

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Lacy Hunt: The World Economy's Terminal Case Of Debt Sclerosis | Zero Hedge

Today, the world economy is in uncharted territory. Never before has the developed world carried this much debt. Never before have the central banks of those same countries expanded their balance sheets so much. Never before has so much sovereign debt been outright monetized. Never before have major financial institutions been officially designated as “too big to fail” and thereby been granted special license to assume gigantic risks. Dr. Lacy Hunt, economist and current executive vice president of Hoisington Investment Management Company, expects the macroeconomic situation to get worse from here...
Hal's insight:

I've stated before, gold has risen to where it is as a function of the debt that is being created globally. I believe that because of that gold's price point is being "massaged" so as not to cue in the majority to the danger we face economically around the globe.

 

Thus, we find central banks continuing to buy as much of the physical as they can without drawing undo attention to debt problem that is building pressure up like a volcano.

 

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India s largest gold refiner aims to refine 78% more gold in FY 15 - Shanghai Metals Market

India s largest gold refiner aims to refine 78% more gold in FY 15 - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
The largest gold refiner in India-MMTC-PAMP India eyes 78% growth in gold refining during FY '15. India's largest gold refiner aims to refine 78% more gold in FY '15
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The MOAMOPE by James C. McShirley | Zero Hedge

The MOAMOPE by James C. McShirley | Zero Hedge | Gold and What Moves it. | Scoop.it
The advent of computer generated trading algorithms heralded a quantum leap forward in the quest for 24/7 control of markets. No longer were humans beings required to do such unseemly things as man trading desks or worry a whit if free markets were, if even infrequently, attempting to function. Algo precision has made even the blackest of black swan events seem to turn lily white in their utter non-eventfulness. No more significant Dow or bond crashes, and best of all, no gold rallies exceeding (exactly) 1.00%, or the occasional 2.00%.
Hal's insight:

This is absolutely a must read. Fascinating.

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What The Next Gold Confiscation Will Look Like | Zero Hedge

What The Next Gold Confiscation Will Look Like | Zero Hedge | Gold and What Moves it. | Scoop.it
You may be familiar with the story of how the US government confiscated gold bullion and then made owning it illegal back in 1933. Actually this event is more accurately termed a nationalization. Americans were forced under harsh penalties to sell their gold at an artificially low “official price.” Many have speculated that the US government could once again turn to gold confiscation/nationalization if it became desperate enough. But would the US government really turn to a 1933-style grab again? We would argue that they wouldn’t, but that doesn’t mean the threat to your gold has diminished. Quite the opposite.
Hal's insight:

I know there are various thoughts on this subject. Some believe it couldn't happen again because we are not on a gold standard. But it's worth chewing on. Frankly, there's a lot of things going on now that twenty years ago I would have said impossible to.

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Gold bounces back on festive demand, global cues - The Economic Times

Gold bounces back on festive demand, global cues - The Economic Times | Gold and What Moves it. | Scoop.it
Gold prices bounced back smartly at the domestic bullion market here today on good local demand amid higher offtake by stockists and jewellers.
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British Columbia, Ontario to cooperate on Yuan trading hub : Jim Sinclair's Mineset

Jim Sinclair’s Commentary

The Yuan is knocking on the dollar door.


British Columbia, Ontario to cooperate on Yuan trading hub 
Christopher Donville, Bloomberg 
2:38 PM, E.T. | August 27, 2014


Business leaders in British Columbia and Ontario agreed to cooperate in promoting Canada as a currency trading hub for the yuan.


AdvantageBC International Business Centre-Vancouver and the Toronto Financial Services Alliance, a group representing business and financial representatives, said today in a statement they will work together with the governments of Canada and the provinces to make the country the first trading hub for the Chinese currency in North America.


“While Canada’s financial industry is headquartered in Toronto, much of the country’s Canada-China trade passes through Vancouver, making it critical for both jurisdictions to work collaboratively so that Canadian businesses are able to take full advantage of this initiative,” Colin Hansen, AdvantageBC’s chief executive officer, and Janet Ecker, CEO of the Toronto alliance, said today in the statement. ...

Hal's insight:

Good by King Dollar. You had a good run.

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Notes From Underground: Been Gone So Long It Looks Like 1939

It has been refreshing to sit and watch the world spin without the pressure to react to the daily dose of instability. Europe is devolving into the mess that I have been blogging about for almost five years. Two weeks ago I appeared on Rick Santelli’s show and made the comment that anybody who puts money on deposit in a European bank is a MORON. Why would you place money in an institution that pays ZERO when you have great risk of losing a large part of your savings? Capitalism is all about reward/risk and taking great risk for minimal reward is the true measure of stupidity. THE PROBLEM FOR EUROPE IS ITS BANKING SYSTEM. The high level of unemployment has led to high levels of non-performing loans, which has clogged the credit creating system of European banks. In Europe the credit system is heavily dependent on banks rather than corporate bond markets. BANKS ARE NOT LENDING BECAUSE SOVEREIGN BONDS ARE SAFER, especially with the Asset Quality Review (AQR) results that are being released in mid-October. ...

Hal's insight:

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Get ready… The best month for gold is about to begin

Get ready… The best month for gold is about to begin | Gold and What Moves it. | Scoop.it

For someone that is not drinking the daily dose of electronic kool aid from the mainstream media, this is a systemic, institutionalized control fraud that inevitably leads to a financial crisis.   And a close survey of the markets today might lead one to observe, 'My God.  These lunatics are going to do it again.'

That is what it is in plain words.   That is what the price discovery of the US, which controls the reserve currency of the world and sets many of its key prices, is based upon.   This is not some rogue trader, or anomalous abuse.  This is fraud that is deeply woven into the very fabric of the system, and is widely tolerated with a self-serving wink and a nod. ...

Hal's insight:

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Politics And Why It’s Imperative To Hold Gold, Silver - American Hard Assets

Politics And Why It’s Imperative To Hold Gold, Silver - American Hard Assets | Gold and What Moves it. | Scoop.it

We are experiencing some very strange times. People are turning on one another over everything from race and religion to socio-economic status. Governments are waging wars against not just foreign governments, but their own citizens resulting in standoffs in suburban streets! Business acumen and entrepreneurship are being stifled by idiotic government regulations. Public officials who know nothing about wealth creation but everything about wealth theft are rewarded. Governments are becoming larger and are taking a much larger role in economies. So is the size of their debt. Corrupt public officials and crony capitalists are a hindrance to a thriving economy. They try to take the fruits of the industrious and transfer it to themselves and their crony supporters as entitlements. But, in the process they don’t see that are destroying the goose that lays the golden egg.

The two enemies of the people are criminals and Government, so let us tie the second down with the chains of the constitution so the second will not become the legalized version of the first.

– Thomas Jefferson

Hal's insight:

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Expect Skyrocketing Gold As China & Russia Continue Buying

Expect Skyrocketing Gold As China & Russia Continue Buying | Gold and What Moves it. | Scoop.it

Stephen Leeb tells King World News:

 

Now the only sanctions that Russia has issued so far have embargoed food imports from the European Union. Also, the Baltic States continue to suffer, and France is in the midst of a government revolt. The French economy is in shambles. If you look elsewhere in Europe, it’s hard to find growth anywhere. Even Germany is struggling.


At the same time, we have the Russians making their largest gold purchases in the past few years. It is interesting to see the Russians buying gold instead of worrying about protecting their currency. So far their strategy of adding gold reserves seems to be working. They even announced that they are going to let the ruble float.


This just shows me that the Russians are very confident about their monetary situation. ...

Hal's insight:

Click through for the rest. I don't know about skyrocketing. I do think that we will see gold stair step up. When it does skyrocket it will be a death blow to the dollar and then things will rest as another currency is linked to gold. Right now, Russia and China need the price to remain low. So that they can load up.

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Investor Jim Grant on Bubbles And Bargains - YouTube

Founder and publisher of Grant's Interest Rate Observer about biotech, Russian stocks and the untitled burrito, in this interview with Steve Forbes. Subscrib...
Hal's insight:

Hat tip to @EdSteerGSD

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One World, One Bank, One Currency

One World, One Bank, One Currency | Gold and What Moves it. | Scoop.it
After the 2008 financial crisis, little could be heard over the deafening cries of "mission accomplished." And while the Fed's massive QE program seemed to work, the question remains: for how long? Addison Wiggin explains why the next round of QE will fail miserably, paving the way for the IMF to step in with something called "special drawing rights." Read on...
Hal's insight:

Hat tip to @EdSteerGSD

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Is Asian gold demand really slipping so much? - Mineweb.com

Is Asian gold demand really slipping so much? - Mineweb.com | Gold and What Moves it. | Scoop.it

Author: Lawrence Williams
Posted: Tuesday , 26 Aug 2014 

LONDON (MINEWEB) - 

 

By all accounts in the mainstream media, gold demand in Asia, and in particular in China and India, has been slipping dramatically this year which some see as the principal reason behind current price weakness. But all may not be as the reports suggest. Is Chinese demand, as suggested by the enormous slippage in gold imports though Hong Kong really as bad as the figures appear to show?

 

Reuters reports Hong Kong net gold exports to mainland China in July as falling to the lowest level since June 2011 at 22 tonnes (Bloomberg reports the figure as 21 tonnes). Compare this with the heady days last year when such gold imports exceeded 100 tonnes monthly for 6 months in a row from May to October. If this is an accurate indication of Chinese gold demand weakness then this is indeed something of a blow for gold bulls.  ...

Hal's insight:

Click through for the rest. China and Russia are to me the ones to keep you eyes on. Particularly, China.

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Visualizing the Vanishing Money Velocity Vortex

Visualizing the Vanishing Money Velocity Vortex | Gold and What Moves it. | Scoop.it
by Bruno de Landevoisin  @ StealthFlation

Having recklessly impaired the original clean source of healthy naturally effervescent American spring water abundantly spouting up from the bedrock below, the misguided monetary authorities have dangerously attempted to artificially inseminate the clouds above, in the hopes of drenching the parched U.S. soil with torrential rain, so as to generate their much heralded and forever promised green shoots.  Regrettably for us all, when these artificially seeded clouds eventually do burst, they will produce nothing but the toxic inflationary rains of StealthFlation.

Under the imposition of StealthFlation, the Velocity of Money lies dormant while increasing Inflationary risks build below the surface. ...`
Hal's insight:

Click through for the rest. Really good metaphor he opens with.

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Richard Russell - Current Financial System To Tear Itself Apart

Richard Russell - Current Financial System To Tear Itself Apart | Gold and What Moves it. | Scoop.it

Russell tells King World news: “The Aden sisters (they flew up from Costa Rica to attend my 90th birthday party), have studied gold for decades -- they are indeed gold experts. In their recent report, the Adens note that gold runs in cycles. Gold tends to form key bottoms every 7-8 years, and it forms key tops every 11 years. The Adens believe that gold is now in the process of forming an important bottom, prior to the beginning of a new bull market to start next year. ...

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