Gold and What Moves it.
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Gold Flow East & Silver Squeeze To Create Surge In Metals

Gold Flow East & Silver Squeeze To Create Surge In Metals | Gold and What Moves it. | Scoop.it

Today acclaimed money manager Stephen Leeb told King World News there is an investment and industrial squeeze taking place in the silver market.  Leeb stated, “The coming move in gold and silver will mark a major turning point in what will probably be the greatest bull market people will ever see in their lifetimes.”  Here is what Leeb had to say:  “I think the key to this market is understanding when commodities are going to breakout and how high they will go.  Investors need to understand that once commodities breakout, the higher prices will be a constraint on growth going forward.”


“Higher commodities also cement gold as the go to currency.  In fact, gold will be the only meaningful currency once commodities become truly scarce.  Countries are going to be less likely to want to take paper money going forward because there is a race to the bottom in all currencies.

 

"Last year the average price for Brent crude set an all-time high. ..."


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Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
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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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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.
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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.
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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 ...

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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.
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Precious Metals and 200-Day Moving Averages | Jordan Roy-Byrne | Safehaven.com

Precious Metals and 200-Day Moving Averages | Jordan Roy-Byrne | Safehaven.com | Gold and What Moves it. | Scoop.it
The precious metals complex enjoyed a strong week mostly due to a post-Fed explosion on Wednesday. Although gold stocks sold off to end the week, they finished up almost 5% for the week. Gold gained 2.4% on the week while Silver gained 2.9%. The miners enjoyed massive gains following the previous two rate hikes and that has some optimistic about a repeat scenario. However, the miners and metals need to prove they can recapture their 200-day moving averages before we become optimistic.
Precious metals should trend higher in the short-term if the current macro technical landscape does not change. The US Dollar index has fallen below its 50-day moving average and could fall another 2% to moving average support. Also, despite the Fed rate hike, the 10-year yield did not make a new high. Bonds could rebound and the huge speculative short position, if unwound could add to the rebound. A rally in Bonds coupled with a weak US Dollar would help precious metals.
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Now That Everyone's Been Pushed into Risky Assets...

Now That Everyone's Been Pushed into Risky Assets... | Gold and What Moves it. | Scoop.it
A funny thing happened on the way to a low-risk environment: loans in default (non-performing loans) didn't suddenly become performing loans.

If we had to summarize what's happened in eight years of "recovery," we could start with this: everyone's been pushed into risky assets while being told risk has been transformed from something to avoid (by buying risk-off assets) to something you chase to score essentially guaranteed gains (by buying risk-on assets).
The successful strategy for eight years has been buy the dips because risk-on assets always recover and hit new highs: housing, stocks, bonds, bat guano futures--you name it.
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Gold Soared $325 The Last Time The Fed Went On A Rate Hike Binge - King World News

Gold Soared $325 The Last Time The Fed Went On A Rate Hike Binge - King World News | Gold and What Moves it. | Scoop.it
Gold Soared During Last Rate Hike Cycle
From Peter Boockvar:  Ahead of the 3rd Fed rate hike, the US dollar for all the world’s love for it is barely higher than it was two years ago. On March 13th 2015 the euro heavy dollar index closed at 100.33 and today stands at 101.34. On that day in March 2015 the euro closed at $1.0496 and is near $1.07 today. This is with all the divergence in monetary policy between the Fed and the ECB…

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The Conflict within the Deep State Just Broke into Open Warfare

The Conflict within the Deep State Just Broke into Open Warfare | Gold and What Moves it. | Scoop.it
The battle raging in the Deep State isn't just a bureaucratic battle--it's a war for the soul, identity and direction of the nation.

When do the unlimited powers of the Intelligence/Security agencies threaten America's domestic and global national interests? The CIA and its political enablers claim the agency's essentially unlimited powers, partially revealed by Wikileak's Vault 7, pose no threat to America's interests, since they are intended to "defend" American interests.
This is the rationale presented by neocon CIA allies in both political parties: the CIA can't possibly threaten America's interests because the CIA defines America's interests.
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Rickards: Why gold will go higher even if the Fed raises rates

Rickards: Why gold will go higher even if the Fed raises rates | Gold and What Moves it. | Scoop.it
From Jim Rickards, Editor, Rickards’ Gold Speculator:

When the Fed raised interest rates in December, many believed gold would plunge. But it didn’t happen.

Gold bottomed the day after the rate hike, but then started moving higher again. And for the last 10 weeks it’s been up about 12%, despite some up and down fluctuations.

Incidentally, the same thing happened last year when the Fed tightened in December 2015. Gold had one of its best quarters in 20 years in the first quarter of 2016. So it’s very interesting to see gold going up despite headwinds from the Fed.

Normally when rates go up, the dollar strengthens and gold weakens. They usually move in opposite directions. So how could gold be going up when the Fed’s tightening and the dollar’s strong?

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Ron Paul: Arizona challenges the Fed's money monopoliy | Gold Anti-Trust Action Committee

Ron Paul: Arizona challenges the Fed's money monopoliy | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it
Submitted by cpowell on Mon, 2017-03-06 15:41. Section: Daily Dispatches
10:45a ET Monday, July 6, 2017

Dear Friend of GATA and Gold:

Former U.S. Rep. Ron Paul, R-Texas, announced over the weekend that he will be going to Arizona to support state legislation there to define gold, silver, and other monetary metals as legal tender and exempt transactions in them from capital gains taxes. Paul's announcement comes in his commentary headlined "Arizona Challenges the Fed's Money Monopoly" and it's posted at the Ron Paul Institute's internet site here:

http://ronpaulinstitute.org/archives/featured-articles/2017/march/05/ari...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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This should make things interesting should such legislation actually become law.
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115 Million Ounces...Not Even Close To Possible! :: Jim Sinclair's Mineset

by BIll Holter:


I thought I would put today in perspective for those throwing in the towel on gold and silver. 23,000 silver contracts were sold in just a few minutes this morning. This equates to 115 million ounces. For perspective, there are only two countries in the world that produce this much in one year, Mexico and Peru. China roughly produces 115 million ounces but the production is not normally sold onto world markets.

Looking at this from a “company” perspective, no single company even comes close to producing 115 million ounces. In fact, the three largest silver producing companies in the world, Fresnillo, KGHM Polska, and Goldcorp only produce about 125 million ounces combined over a year’s time.

Today’s action, selling 115 million ounces of silver is an impossibility in any “real world” governed by any real rule of law because of the above production numbers. As I have said for years when these raids occur, “no one has this much silver to sell, and no one would be stupid enough to sell in this fashion if they were trying to get the best price possible for themselves or their client”.

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Rickards: Get ready for the coming debt ceiling panic

Rickards: Get ready for the coming debt ceiling panic | Gold and What Moves it. | Scoop.it
From Jim Rickards, Editor, Rickards’ Gold Speculator:

America is going broke.

That’s not an opinion or scare tactic — it’s a fact based on simple arithmetic. President Trump could be forced to face this fact as early as March 15, the date the latest U.S. debt ceiling suspension ends.

Government debt is growing faster than the economy. If you extend that trend, and that’s exactly what official government projections do, you reach a point where higher taxes cannot cover interest expense, investors lose confidence in the bond market, and a death spiral of higher deficits, higher interest rates, and still higher deficits spins totally out of control.

This does not mean the end of America, let alone the end of the world. There are several ways out of the debt death spiral. It’s just that none of the ways out are easy, and all of them will cause massive losses to unprepared investors.
Hal's insight:
Click through for the full article. I know I've said it for years, now, but debt is the driving force that I think is going to be one of the main triggers to bring economies to their knees.
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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.
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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.
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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)
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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.”
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Click through for the full post. Let's hope it won't be the case.
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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:
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European Elections and Gold | Arkadiusz Sieron | Safehaven.com

European Elections and Gold | Arkadiusz Sieron | Safehaven.com | Gold and What Moves it. | Scoop.it
The most commonly cited bullish arguments in favor of gold right now are the problems faced by the Old Continent, mainly the elections in certain countries. So let's analyze them individually to consider their potential impact on the gold market.
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Nobel Prize winner Sir Fraser Stoddart hopes to turn gold mines green

Nobel Prize winner Sir Fraser Stoddart hopes to turn gold mines green | Gold and What Moves it. | Scoop.it

by Jon Yeomans
15 MARCH 2017 • 7:15AM
A British Nobel Prize winner is hoping to revolutionise the mining industry with a new technique for extracting gold that does away with poisonous cyanide.

Sir Fraser Stoddart, the Scottish-born scientist who won the Nobel Prize for Chemistry in 2016, is behind a new start-up that is testing a starch-based method of separating gold from ore.

The “serendipitous discovery” by Sir Fraser’s research team at Northwestern University in Chicago is being developed by his company Cycladex in Nevada. ...TT

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This could be really good for mining, I think. Click through for the full article.
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Gold And Silver: Legal Weapons Against The Deep State

Gold And Silver:  Legal Weapons Against The Deep State | Gold and What Moves it. | Scoop.it
Question:  Why do Central Banks and Governments hate gold?
Answer:  Because they can’t print it
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.”  – Alan Greenspan, “Gold and Economic Freedom”
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Are Central Banks Losing Control?

Are Central Banks Losing Control? | Gold and What Moves it. | Scoop.it
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.

If you want a central banker to choke on his croissant, read him this quote from socio-historian Immanuel Wallerstein: "Countries (have lost the ability) to control what happens to them in the ongoing life of the modern world-system."
Stated another way, Wallerstein is asking: what do central banks no longer control?
The quote is from Wallerstein's recent meditation on China: China is Confident: How Realistic?
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Noah’s Flood of Cash Coming-Hugo Salinas Price | Greg Hunter’s USAWatchdog

Noah’s Flood of Cash Coming-Hugo Salinas Price | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com

Mexican billionaire and retail magnate Hugo Salinas Price is a big proponent of using silver as money in Mexico. Salinas Price explains, “The idea is not to go back to a silver standard, but to create a parallel currency which would be a monetized silver coin.  It would not bear a stamped value.  It would be a plain silver coin with a quoted value given to it.  This value would be adjusted upward with a fall in the value of the peso or a rise with the price of silver.”
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It's What's Happening Beneath the Surface That Matters: Moral Decay and Rising Inequality

It's What's Happening Beneath the Surface That Matters: Moral Decay and Rising Inequality | Gold and What Moves it. | Scoop.it
These disintegrative forces are easy to see but elusive to pin down. Nobody defines themselves as self-serving, greedy and lacking in virtue. Everyone feels trapped in the system.

With the media's hyperactive three-ring circus blasting 24/7, it's easy to forget that everything consequential is happening beneath the surface, out of sight and largely out of mind.
What's going on beneath the surface is structural and systemic--for example, the 4th Industrial Revolution that is transforming the global economy and social order, regardless of political ideologies or our wishes.
Centralization--the "solution" to every problem since 1940--is now the problem.Centralization generates corruption, privilege, rentier skims, institutionalized rackets and pushes one-size-fits all failure down the chain of command.
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Click through for the rest of the article. The tensions boiling up under the surface of things are some of the things that way heavy upon me. 
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How the Mint audits the nation’s deep-storage gold — Mint News Blog

How the Mint audits the nation’s deep-storage gold — Mint News Blog | Gold and What Moves it. | Scoop.it
The status of the U.S. gold reserves has long been a point of discussion, as all information on the subject is closely guarded by the Treasury. Although information on annual audits is available, the average person is unaware of it; and even those who know it exists generally don’t know where to find it. Couple these facts with the public’s widespread distrust of Congress and government agencies, and it’s no wonder that rumors about the nation’s gold supply have run rampant for decades. Nearly every coin and/or investment forum on the Internet, if you dig deeply enough, has hosted discussions on the existence of the gold, with participants often calling for independent audits to prove the gold is still there.

On April 4, 2011, Representative Ron Paul (R-TX) introduced H.R. 1495, the Gold Reserve Transparency Act of 2011, “to provide for an audit of all gold owned by the United States.” The bill was referred to the House Subcommittee on Domestic Monetary Policy and Technology, which held a hearing on June 23 of that year. Witnesses were Gary T. Engel, director of Financial Management and Assurance, U.S. Government Accountability Office (GAO); and Eric M. Thorson, inspector general of the U.S. Treasury. The report on the hearing (serial no. 112-41) can be viewed here. The 273-page document consists of a transcript of the hearing and related appendices, which include gold assay reports, audit reports on U.S. gold holdings, the Mint’s Schedule of Inventory of Deep Storage Gold Reserves, and the Fed’s Schedule of Inventory of Gold Held.
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Crack-up Boom Here Now-Rob Kirby | Greg Hunter’s USAWatchdog

Crack-up Boom Here Now-Rob Kirby | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com

Macroeconomic researcher Rod Kirby thinks the world is well on its way to much higher inflation. Kirby explains, “Some people say there is a dollar shortage in the world. I do not believe there is a dollar shortage. I think we are seeing evidence that there are too many dollars in the world, not too few. Look at real estate prices around the world. In Canada, they are at record levels. In America, they are at record levels. Real estate prices are at record levels in Britain. There are record levels in Australia. They are at record levels in China. This is not what you’d expect in an environment where there are too few dollars. We are seeing the equity markets rally day after day and make new all-time highs. These are not the kinds of things you see when there are too few dollars. In my view, this might be the thin edge of the wedge of a crack-up boom. Money is getting to the street because money is being taken out of dark pools on the dark side of the U.S. Treasury and is being injected into the market place as bonds are being sold off and redeemed. The world is flush with money, extremely flush with money.”
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