Gold and What Moves it.
84.6K views | +1 today
 
Scooped by Hal
onto Gold and What Moves it.
Scoop.it!

Switzerland and Britain are now at currency war – Telegraph Blogs

Switzerland and Britain are now at currency war – Telegraph Blogs | Gold and What Moves it. | Scoop.it
It seems you can’t debase your coinage these days even if you try. The Bank of England is straining every sinew to drive down sterling with quantitative easing, and what happens?
Hal's insight:

2013 The year of the currency wars.

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...
Your new post is loading...
Scooped by Hal
Scoop.it!

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.

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

Captains of Dollar Are Panicked-Bill Holter | Greg Hunter’s USAWatchdog

Captains of Dollar Are Panicked-Bill Holter | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Market expert and financial writer Bill Holter says elite were in a “panic” last week to try to push down the price of gold and silver. Holter explains, “You have to understand that gold is the direct competitor versus the dollar.  Other currencies in the world compete with the dollar, but the dollar is the reserve currency.  It supplanted gold in 1971.  Gold and the dollar are direct competitors or arch enemies, or whatever you want to call them.  The best way to make the dollar look good is to make gold look bad.  That’s what the purpose of all these naked sales or contracts are to suppress the price (of gold and silver).   That’s the purpose of it. . . . Tuesday, Wednesday and Thursday were three big sales back to back to back, which shows the captains of the dollar are panicking.  The dollar definitely looks like its rolling over and has been taking some fairly sizable drops intraday.”
Hal's insight:
Click through for the full post and video interview.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Why Now Precious Metals? | Richard Mills | Safehaven.com

Why Now Precious Metals? | Richard Mills | Safehaven.com | Gold and What Moves it. | Scoop.it
As a general rule the most successful man in life is the man who has the best information.
John Exter was an American economist and a member of the Board of Governors of the United States Federal Reserve System.
Exter is known for creating Exter's Pyramid - useful for visualizing the organization of asset classes in terms of risk and size.
When the credit system is expanding most money flows to the top of the pyramid - the increasingly speculative and illiquid investments. When the credit system comes under pressure and debt cannot be repaid, the items at the top of the pyramid get sold and money flows towards the bottom.
Hal's insight:
Click through for the full article and all the charts.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Silver Likely To Rise In A Concentrated Manner | Hubert Moolman | Safehaven.com

Silver Likely To Rise In A Concentrated Manner | Hubert Moolman | Safehaven.com | Gold and What Moves it. | Scoop.it

by Hubert Moolman: 


The long-term view of silver is extremely bullish, given that it is one of the most undervalued metals, today. It is evident that ideal economic conditions are present, for silver to rise for many years to come:
All-time low interest rates, that are about to rise
Over-valued stock markets
Fragile international monetary system that is debt-laden to the full.
Furthermore, it appears to be the first time that these ideal economic conditions, for a rise in silver, align in such a timely manner; in particular, the bottom in interest rates, the peak in stock markets, as well as the coming collapse of the monetary system. Potentially all of these events can happen within a two to three-year period.

Hal's insight:
Click through for the rest.
more...
No comment yet.
Scooped by Hal
Scoop.it!

The reason government spending is a disaster

The reason government spending is a disaster | Gold and What Moves it. | Scoop.it
Today I’m going to show you one small instance of taxpayer money being wasted.

Multiply this by a thousand times at hundreds of agencies and you’ll understand why Washington’s finances are such a mess.

You’ve probably already heard that the Trump administration is planning massive spending cutbacks at most nondefense-related agencies. In fact, Mick Mulvaney, director of the Office of Management and Budget, is reported to have sent a letter recently to all federal agencies telling them to prepare for big cuts.
Hal's insight:
Click through for the rest.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Precious Metals Sector Poised For Correction

Precious Metals Sector Poised For Correction | Gold and What Moves it. | Scoop.it
While gold futures ended the week near $1290, barely $1 off its highs and up ~2.5% for the week, the gold miners told a slightly different story. The GDXJ fell 3.52% on Thursday and only managed to gain 38 basis points on the week despite gold rallying more than $30/oz
Hal's insight:
Click through for the rest.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Rickards: Why the ‘Trump trade’ is about to flip

Rickards: Why the ‘Trump trade’ is about to flip | Gold and What Moves it. | Scoop.it
All good things come to an end. Now, the “Trump Trade,” seems to be reaching its end…

The Trump Trade, also called the reflation trade, is based on the idea that President Trump’s policies of lower taxes, less regulation, and more infrastructure spending will improve corporate earnings, stimulate consumer spending, and therefore result in higher stock prices.

Lower corporate tax rates would mean higher after-tax profits for corporations that had domestic profits. Lower individual tax rates would mean that consumers would have more discretionary income to spend on everything from new cars to eating out.

Trump’s planned repeal of Obamacare would be good for hospitals and insurers who would be relieved of mandates. Trump’s repeal of Dodd-Frank would be good for banks because of reduced compliance costs and greater ability to engage in proprietary trading. Trump’s infrastructure spending plans would be good for construction companies and manufacturers of heavy equipment.
Hal's insight:
Click through for the rest.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Debt Based System Running Out of Steam-Paul Craig Roberts | Greg Hunter’s USAWatchdog

Debt Based System Running Out of Steam-Paul Craig Roberts | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com

Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, sees trouble for the economy. Dr. Roberts explains, “This image of a strong stock market is based essentially on debt, borrowing and debt, money creation and debt.  It’s a false signal that shows prosperity, and it’s not really there. . . . So, during a period of time when there has been no interest income on peoples’ savings in the form of bonds or CDs, there has also been no growth in Social Security income.  So, the elderly, or the largest block of them, are hard pressed.  The young come out of school with student debt and no good jobs.  A large percentage can’t find sufficient employment to support an independent existence.  They can’t possibly pay off the loans.  So, wherever you look, you see a debt based system that’s running out of steam.”
Hal's insight:
Click through for the full post and video interview.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold And Silver Are Potentially Explosive

Gold And Silver Are Potentially Explosive | Gold and What Moves it. | Scoop.it
Gold and silver are acting differently right now. Usually when the open interest in the paper gold (Comex) net short of the bullion banks becomes overweighted, it’s a signal that they are getting ready attack the price of gold by triggering massive stop-loss selling by the technically-driven hedge funds.

And through last Tuesday, per the latest COT report, the Comex banks had piled heavily into the short side, feeding paper shorted to the hedge funds.
Hal's insight:
Click through for the rest.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Bill Bonner: The swamp claims its first victim

Bill Bonner: The swamp claims its first victim | Gold and What Moves it. | Scoop.it
This skewing of wealth toward the wealthy didn’t “just happen.” It wasn’t caused by the Chinese or the Mexicans. Or the liberals. Or the conservatives.

Instead, it was the product of a credit-money system that is now firmly supported by Republicans and Democrats… and the entire Establishment.
Hal's insight:
Click through for the full post.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Artificial Paper Markets And Real Gold

Artificial Paper Markets And Real Gold | Gold and What Moves it. | Scoop.it
In the four trading days following the election, approximately 6200 tonnes of gold (2,000,000 contracts) traded on Comex. That is equivalent to two years of global gold mining production…That hair-trigger trading reaction led to a price smash of 4.5% and turned the trading sentiment for gold from positive to negative almost overnight. The question is where did sellers come up with 6200 tonnes – a preposterously enormous and unprecedented quantity of gold – on a moment’s notice, in the wee hours following the surprising election outcome? – John Hathaway on King World News

Perhaps what’s most interesting about Hathaway’s comment above is that sometime in the last few years Hathaway’s viewpoint has shifted from denial that the gold market is manipulated to seemingly full acceptance of that obvious fact.
Hal's insight:
Click through for the full article.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Our Hopelessly Dysfunctional Democracy

Our Hopelessly Dysfunctional Democracy | Gold and What Moves it. | Scoop.it

When the system is rigged, "democracy" is just another public-relations screen to mask the unsavory reality of Oligarchy.

Democracy in America has become a hollow shell. The conventional markers of democracy--elections and elected representatives--exist, but they are mere facades; the mechanisms of setting the course of the nation are corrupt, and the power lies outside the public's reach.


History has shown that democratic elections don't guarantee an uncorrupt, functional government. Rather, democracy has become the public-relations stamp of approval for corrupt governance that runs roughshod over individual liberty while centralizing the power to enforce consent, silence critics and maintain the status quo.
Consider Smith's Neofeudalism Principle #1: If the citizenry cannot replace a dysfunctional government and/or limit ...

Hal's insight:
Click through for the rest. The system we live in is not healthy.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold climbs near a 3-week high as dollar drops

Gold climbs near a 3-week high as dollar drops | Gold and What Moves it. | Scoop.it
Gold prices headed higher Tuesday, as the U.S. dollar declined, especially against the euro, as traders eyed the presidential race in France and the U.K. prepared its exit from the European Union.

April gold GCJ7, +0.66% rose $8.10, or about 0.7%, to trade at $1,242.10 an ounce, with prices again poised to settle again at the highest level since March 1.

The ICE U.S. Dollar Index DXY, -0.56% which measures the greenback’s strength against a basket of six currencies, dropped 0.7% to 99.737—trading at its lowest levels since early February. Weakness in the greenback has helped to provide support for dollar-denominated gold prices.
Hal's insight:
Click through for the rest of the article.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Swamp Creatures Sack D.C.; and Fed Drops MOAB on Wall Street | Michael Pento | Safehaven.com

Swamp Creatures Sack D.C.; and Fed Drops MOAB on Wall Street | Michael Pento | Safehaven.com | Gold and What Moves it. | Scoop.it

by Michael Pento: 


Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is nothing short of a bad joke...and it's on them.
For starters, the government's fiscal deficit for the month of March came in at $176.2 billion, which means the deficit 6 months into fiscal 2017 is $526.9 billion and running 15% over last year. If not for the calendar timing of receipts and payments, our government's deficit would be a year-to-date $564.0 billion or 23% above last year. In addition, there was an 18% decline in corporate income tax collection. We all know there was no corporate tax reform passed. So the credible conclusion must be reached that corporations are not growing there profits...they are actually shrinking.
The nation will now bump up against the $20 trillion debt ceiling on April 28th and is facing a possible government shutdown. This will happen to coincide with day 100 of Trump's Presidency.

Hal's insight:
Click through for the full article.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Sagging economy, rising gold - Numismatic News

Sagging economy, rising gold - Numismatic News | Gold and What Moves it. | Scoop.it
Late last week, the price of gold reached a five-month high going into a holiday weekend (most U.S. markets were closed last Friday while many European markets were closed this Monday).

Holiday weekends are a prime opportunity for the U.S. government through use of the Exchange Stabilization Fund, and actions by its primary trading partners and allied central banks to suppress precious metals prices (and also prop up stock prices). Why would the federal government have an incentive to manipulate such prices?

First, if the public perceives that the economy is chugging along better than it really is, that helps the U.S. government pay a lower interest rate on its nearly $20 trillion in debt.

Hal's insight:
Click through for the full post.
more...
No comment yet.
Scooped by Hal
Scoop.it!

An In Depth Look at the Precious Metals Complex

An In Depth Look at the Precious Metals Complex | Gold and What Moves it. | Scoop.it
By Rambus

Before we look at tonight’s charts I would like to thank Sir Plunger for putting on the short oil trade this week while I was recovering from surgery. You won’t find a more through and in depth look at oil than what Sir Plunger offered. And wouldn’t you know it his timing as usual was impeccable. Oil dropped almost 4% today.

Now lets turn our attention to the sector which many members have a love hate relationship with.

There is a potential new pattern forming on some of the precious metals stock indexes which is only coming to light today. Before today’s price action there was only a guess of what may be forming with no confirmation. After today’s big gap breakout another piece of the puzzle is falling into place. Nothing is ever guaranteed when it comes to the markets, so all we can do is get the odds in our favor and try to recognize a potential pattern as soon as possible. Once you think you may have something figured out you then put together a game plan and work it until it either plays out or fails.
Hal's insight:
Click through for the full article and a lot of charts.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Our Intellectual Bankruptcy: The "Religion" of Economics, UBI and Medicare For All

Our Intellectual Bankruptcy: The "Religion" of Economics, UBI and Medicare For All | Gold and What Moves it. | Scoop.it
Clinging to magical-thinking fixes that change nothing on the fundamental level hastens collapse.
Here we stand on the precipice, and all we have in our kit is a collection of delusional magical thinking that we label "solutions." We are not just morally and financially bankrupt, we're intellectually bankrupt as well.
Here are three examples of magical thinking that pass for intellectually sound ideas:

1. Mainstream neo-classical/ Keynesian economics. As economist Manfred Max-Neef notes in this interview, neo-classical/ Keynesian economics is no longer a discipline or a science--it is a religion.
Hal's insight:
Click through for the rest.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Fed Will Cause a 2008 Redux | Michael Pento | Safehaven.com

Fed Will Cause a 2008 Redux | Michael Pento | Safehaven.com | Gold and What Moves it. | Scoop.it

by Michael Pento: 


Truth is a rare commodity on Wall Street. You have to sift through tons of dirt to find the golden ore. For example, main stream analysis of the Fed's current monetary policy claims that it will be able to normalize interest rates with impunity. That assertion could not be further from the truth.

The fact is the Fed has been tightening monetary policy since December of 2013, when it began to taper the asset purchase program known as Quantitative Easing. This is because the flow of bond purchases is much more important than the stock of assets held on the Fed's balance sheet. The Fed Chairman at the time, Ben Bernanke, started to reduce the amount of bond purchases by $10 billion per month; taking the amount of QE from $85 billion, to 0 by the end of October 2014.

The end of QE meant the Fed would no longer be pushing up MBS and Treasury bond prices (sending yields lower) with its $85 billion per month worth of bids. And that the primary dealers would no longer be flooded with new money supply in the form of excess bank reserves. In other words, the Fed started the economy down the slow path towards deflation.

Hal's insight:
Click through for the rest.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Preparing for the Reign of the First Widow

Preparing for the Reign of the First Widow | Gold and What Moves it. | Scoop.it
We believe the 6 April 2017 Tomahawk missile attack on Syria indicates that Donald Trump has concluded that the fiscal, economic and political situations in the United States are beyond repair, and that without continued, massive military interventionism and spending, U.S. GDP will plunge, taking all of his campaign commitments down with it. Therefore, he has capitulated to the agenda of the Deep State looters and war profiteers. Trump’s capitulation has profound personal and financial implications for the citizens of the United States and the world.
Hal's insight:
Click through for the rest.
more...
No comment yet.
Scooped by Hal
Scoop.it!

How the Fed snuck billions of dollars into the economy

How the Fed snuck billions of dollars into the economy | Gold and What Moves it. | Scoop.it
Last Thursday, I wrote about the Federal Reserve remarks that it would probably start to wind down the trillions in bond purchases it made during the quantitative easing stimulus program.

I explained that these bonds were purchased with fake money — money that was “printed” for the sole purpose of purchasing the bonds, which in turn kept interest rates exceptionally low.

I also explained the dilemma that the Fed now faced in what to do with those bonds. Can’t just throw them away — or burn them in a pile with Alan Greenspan’s biography as kindling.

I suggested that the Fed would be forced to “monetize” the bonds by turning them over to the Treasury.
Hal's insight:
Click through for the rest of the article.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold advances for 3rd day as looming Chinese trade meeting underpins haven metal

Gold advances for 3rd day as looming Chinese trade meeting underpins haven metal | Gold and What Moves it. | Scoop.it
Gold futures rose for a third straight session Tuesday, underpinned as financial markets nervously await a late-week meeting between President Donald Trump and his Chinese counterpart.

Haven gold also found a floor as well as a highly anticipated employment report out Friday could hold further clues for the pace of interest-rate hikes, especially in light of other recent softening data.

“Gold has been profiting not only from the weak U.S. vehicle sales figures in March, which have weighed on sentiment among market participants, but also from falling stock markets and lower bond yields,” said Carsten Fritsch and the commodities team at Commerzbank, in a commentary.
Hal's insight:
Click through for the rest of the article.
more...
No comment yet.
Scooped by Hal
Scoop.it!

When the "Solutions" Become the Problems

When the "Solutions" Become the Problems | Gold and What Moves it. | Scoop.it
Those benefiting from these destructive "solutions" may think the system can go on forever, but it cannot go on when every "solution" becomes a self-reinforcing problem that amplifies all the other systemic problems.

We are living in an interesting but by no means unique dynamic in which the solutions to problems such as slow growth and inequality have become the problems. This is a dynamic I have often discussed in various contexts. In essence, a solution that was optimized for an earlier era and situation is repeatedly applied to the present--but the present is unlike the past, and the old solution is no longer optimized to current conditions.
The old solution isn't just a less-than-optimal solution; it actively makes the problem worse.
Hal's insight:
Click through for the rest of the post.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold Ends at 1-Month High, Silver Tops $18

Gold Ends at 1-Month High, Silver Tops $18 | Gold and What Moves it. | Scoop.it
Gold and silver futures moved strong out of the gate in their start to the new trading week on Monday with closes at or near 1-month highs.

Gold for April delivery settled up $7.20, or 0.6%, to $1,255.70 an ounce on the Comex division of the New York Mercantile Exchange. The finish is the highest since Feb. 27 when prices tapped in at $1,258.80 an ounce.
Hal's insight:
Click through for the full article.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Animal Spirits Are Percolating In The Gold Market

Animal Spirits Are Percolating In The Gold Market | Gold and What Moves it. | Scoop.it
The use of the term “animal spirits” is most commonly attributed to John Maynard Keynes. But it originates from the Latin term, “spiritus animales” in reference to the spirit that drives human thought, feeling and action. We saw animal spirits at work in gold and silver on Tuesday this past week when the Dow dropped 237 points and gold quickly popped up $16. Silver jumped 72 cents, much to Wall Street’s surprise, on March 16th after the FOMC issued its latest monetary policy statement despite an assurance that the Fed would raise rates three

At some point the paper control of the gold market is going to fall prey to animal spirits. I think the reaction of the metals after the FOMC policy release and when the Dow plunged are evidence that “animal spirits” are percolating in the precious metals market. (Excerpt from yesterday’s issue of the Mining Stock Journal)
Hal's insight:
Click through for the rest of the post.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Financial Collapse Will Trigger Civil War-Doug Casey | Greg Hunter’s USAWatchdog

Financial Collapse Will Trigger Civil War-Doug Casey | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com 

Best-selling author Doug Casey wrote “Crisis Investing” at the time when the U.S. political landscape was transitioning from the Carter Administration to the Reagan Administration. Now, Casey sees a coming crisis that is equal or worse than the Civil War.  Casey explains, “In the U.S. right now, there seems to be so much antagonism it’s almost like pre-Civil War.  There is actually hatred in the U.S. at this point.  It used to be the Republicans and Democrats could disagree, but they could have a civil conversation about a difference of opinion.  Now, it’s active hatred between these two groups.  This is not going to end well.”
Hal's insight:
Click through for the full post. Let's hope it won't be the case.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Dear America: Better Read the Fine Print on Your Credit Card Statement

Dear America: Better Read the Fine Print on Your Credit Card Statement | Gold and What Moves it. | Scoop.it
What will replace the current system after it self-destructs? That's the question.
You know those disclosures on your credit card statements? That it will take 27 years to pay off your balance if you only make the minimum payment each month, and so on?
You might not be aware of it, but America's "credit card"--our national debt--comes with its own disclosure statement:
Hal's insight:
Be sure to click through for the full article.
more...
No comment yet.