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James Turk - Last Piece Now In Place To Trigger Hyperinflation

James Turk - Last Piece Now In Place To Trigger Hyperinflation | Gold and What Moves it. | Scoop.it

... “Increasing attention needs to be given to what is happening with the quantity of money, Eric.  All the money printing ordered by central planners is starting to take effect.  US dollar M1 has now been growing at double-digit rates for two years.  Over the same period M2 growth has been in the high single digits.  Even the broader measure of dollars, M3, which is calculated by ShadowStats.com, is at 4.5%, which is the highest rate of growth in more than 3½ years. 

 

Money is no different from any other good or service.  It too complies with the laws of supply and demand.  If you create money at a rate faster than the demand for it, its ‘price’ declines, which for money is its purchasing power.  With crude oil and other commodity prices like copper continuing to work their way higher, the purchasing power of dollars and other fiat currencies is being eroded.  So all of this money printing is clearly taking hold and becoming apparent.  That gold and silver prices remain in their trading ranges suggests to me that both of them have some catching up to do with the price rises we are seeing in some basic commodities.

 

What is clear is that central banks have flooded the world with QE ...

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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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Iran launches Middle East's ‘biggest' gold plant, plans to double production

Iran launches Middle East's ‘biggest' gold plant, plans to double production | Gold and What Moves it. | Scoop.it
Iran has opened a new gold processing plant, reportedly the biggest in the Middle East, hoping to double its production of precious metals. Using a unique technology, Tehran says it will now mine up to three tons of gold per year.

Iranian TV reported that the opening ceremony was attended by First Vice President Ishaq Jahangiri.

The new facility is located near one of the country's richest mines, Zareh Shuran. It is located 35 kilometers from the city of Takaab in northwest Iran, in an area where gold, silver, and mercury are extracted.
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Gold-Mining Industry Mostly ‘Under Water,’ Gold Fields CEO Says - American Hard Assets

Gold-Mining Industry Mostly ‘Under Water,’ Gold Fields CEO Says - American Hard Assets | Gold and What Moves it. | Scoop.it

Across the industry, costs are about $1,300 an ounce including debt repayments, Holland said by phone from Johannesburg today, citing analysts’ research. Gold dropped 0.1 percent to $1,182 an ounce, bringing the decline since the beginning of 2013 to 29 percent.

 

“The industry by and large is under water,” Holland said. “I would expect further writedowns. Production I think will be curtailed but it will take some time to filter through the system.”


Gold producers are struggling to adapt to a lower bullion price after a decade of debt-fueled expansion, acquisitions and cost inflation during the boom years that saw bullion peak at $1,921.17 an ounce in September 2011. The spot price has tumbled in the past 18 months as investors speculate the Federal Reserve will raise interest rates due to an improving U.S. economy, lowering demand for the safe-haven metal.

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Ambiguity over import policy spurs gold hoarding in India - Shanghai Metals Market

Ambiguity over import policy spurs gold hoarding in India - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
The importers and big bullion traders in the country are reported to be holding on to their gold stocks in anticipation of higher premiums. Ambiguity over import policy spurs gold hoarding in India
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LOL That doesn't surprise me in the least.

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oftwominds-Charles Hugh Smith: The Falcon Can No Longer Hear the Falconer

oftwominds-Charles Hugh Smith: The Falcon Can No Longer Hear the Falconer | Gold and What Moves it. | Scoop.it
The politicos can no longer hear the people they supposedly serve.

Concentrated wealth no longer heeds any falconer; it is free to exploit its power in the market and the halls of government.

Unconstrained by an inner falconer of integrity, many seek to game the system to maximize their private gain by any means available.

Market manipulators, equally unconstrained, ceaselessly rig markets for their private gain and the benefit of their cronies.
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When Gold-US dollar become directly correlated

When Gold-US dollar become directly correlated | Gold and What Moves it. | Scoop.it
Changes in gold are sometimes driven upward not by relative weakness in the U.S. dollar to other fiat currencies, but, instead, by flight from all paper currencies.
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Why is Putin buying gold? - American Hard Assets

Why is Putin buying gold?  - American Hard Assets | Gold and What Moves it. | Scoop.it
Russian President Vladimir Putin is developing a taste for gold.
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The Secret Advantage Gold/Silver Owners Have Over Everyone

The Secret Advantage Gold/Silver Owners Have Over Everyone | Gold and What Moves it. | Scoop.it
By Guy Christopher

A lot of folks took advantage of recently falling gold and silver prices to beef up their precious metals holdings. 

Those adding to their portfolios understood the old adage of buying low and selling high.  Unfortunately, others wait until dollar values of gold and silver have zoomed before deciding to convert their paper money.  

Still, most make buying decisions for their own good reasons.  They either have the confidence of their convictions, or they have good questions still unanswered
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Jesse's Café Américain: Gold Daily and Silver Weekly Charts - Close But No Cigar

Jesse's Café Américain: Gold Daily and Silver Weekly Charts - Close But No Cigar | Gold and What Moves it. | Scoop.it
Gold took an early run at breaking out, but then was held at the overhead resistance and 'psychologically important' 1200 level.  We'll have to see if gold can rise above resistance and break fee, and change this downtrend of lower highs and lower lows.

Someone asked me to comment on the notion that price manipulation is not possible in large markets like the precious metals.  I cannot believe that this canard is being taken seriously again at this late date.
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Insider Exposes Shocking Truth On German Gold Repatriation

Insider Exposes Shocking Truth On German Gold Repatriation | Gold and What Moves it. | Scoop.it
Eric King:  “But, Peter, the Germans asked to see their gold supposedly stored at the New York Fed and they were told, ‘No,’ by the Fed.  The absurd excuse given to the Germans was that their entry into the vault would somehow represent a ‘security risk.’  This is of course preposterous but that was the lie that was used to conceal whatever truth the New York Fed did not want the Germans to discover -- namely that their gold was already sold into the market.”

Boehringer:  “That’s absolutely right.  I can only agree with you that it is preposterous.  Even the 5 tonnes that have been repatriated back to Germany from the Fed had to be recast.  Why in the world would our original serial-numbered gold bars deposited into the Fed for safekeeping have to be melted down and recast into new bars? 
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Fact: Rising Rates Threaten Higher Gold and Silver Prices

Fact: Rising Rates Threaten Higher Gold and Silver Prices | Gold and What Moves it. | Scoop.it

David Engstrom writes:

 

Today, as gold and silver prices still trade well below their reported cost of production, experts from everywhere are weighing in on reasons why.  Some say it’s because QE3 ended, proving the economy is growing.  Others say, it is because stocks are up and the fear trade no longer exists.  Still others point to the Fed and its promise to keep interest rates near zero for a longer period of time.

 

What I did not hear from any mainstreamers is that now is a great time to buy gold and silver on the dips.  When stocks go down we hear it all day long.  When gold and silver go down we just hear mouthfuls of disdain for the metals and their future.  I did hear reference to one positive comment on gold.  It was a mockery of Alan Greenspan when he said, “Gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.”  Not even the most respected banker in the history of the world can polish gold’s reputation of late.

 

Maybe now is a good time to regain a perspective on why anyone owns gold and silver at all.  Generally, those who own, do so for one of two reasons.  First, to be diversified and protected ...

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The Stunning Reason Why Silver Is Set To Skyrocket: Photovoltaics

The Stunning Reason Why Silver Is Set To Skyrocket: Photovoltaics | Gold and What Moves it. | Scoop.it

Stephen Leeb tells King World News:

 

China is working on its very serious pollution problem.  To tackle this problem one of the things China is implementing is the increased use of silver photovoltaics.  What this means is that by 2017 demand for silver in photovoltaics alone will represent at least a staggering 18 percent of all silver demand.

But this is where it gets interesting.  The I.E.A., which is the International Energy Agency, likes oil.  But even the I.E.A. said that the need for silver is going to be for 4 terawatts by 2050.  Well, Eric, one terawatt represents 1,000 gigawatts.  So we are talking about a remarkable 4,000 gigawatts. ...

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Jim’s Mailbox - BRIC's the New New World Order :: Jim Sinclair's Mineset

Hello Jim,

In Thailand I can watch Chinese TV.

I want to inform you regarding the APEC meeting in China as portrayed on Chinese TV. A "news" show gives 1.5 minutes to report on the APEC meeting. About one-third of it is the BRICs sitting together, then photo ops together, all smiles and hand holding showing a happy group united, then more BRIC reports. So the APEC meeting to the Chinese is mainly about BRICs. The new, new world order, eh what?

The Chinese viewers will likely see the BRICs as the stronger future. Oh ya.

Regards,
CIGA BMac
Hal's insight:

This is a rather interesting letter from a reader to Jim Sinclair. It bears some thought in regard to the implications.

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Banking breeds cheating for financial gain - Swiss researchers

Banking breeds cheating for financial gain - Swiss researchers | Gold and What Moves it. | Scoop.it
Society expects bank employees to be honest when entrusting them with money. However, new research involving bankers suggests they are more likely than other professionals to be dishonest if they are reminded about their professional role.

When bank employees were primed to think less about their profession and more about normal life, however, they were less inclined to dishonesty, the study by the University of Zurich reveals.

"Many scandals..have plagued the financial industry in the last decade," Ernst Fehr, a researcher at the University of Zurich who co-led the study, told Reuters. "These scandals raise the question whether the business culture in the banking industry is favoring, or at least tolerating, fraudulent or unethical behaviors."
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Unusual gold moves in Asian hours puzzle traders - Mineweb.com

Unusual gold moves in Asian hours puzzle traders - Mineweb.com | Gold and What Moves it. | Scoop.it
Author: A. Ananthalakshmi (Reuters)
Posted: Thursday , 20 Nov 2014
SINGAPORE (REUTERS)  - 

Some of the biggest price moves in gold since late October have, unusually, occurred in Asian hours and traders more accustomed to following the lead of their Western counterparts suspect a big increase in algorithmic trading may be to blame.

Sensitivity to the dollar-yen exchange rate may also help explain the moves, although some traders speculated that the timing looked suspiciously like attempts to catch Chinese traders off-guard during their lunch break.

Liquidity in Asia tends to be thin until Europe wakes up but recent weeks have been different: COMEX gold futures, the busiest gold contract in the world, have suffered sharp sell-offs in Asia, sometimes sparked by the news flow or currency moves but often for no identifiable reason.

"It is unusual for Asia to be seeing these busy trading sessions," said David Govett, head of precious metals at broker Marex Spectron in London.
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Here Are The Highlights From The Senate's Finding That Banks Manipulate Physical Commodities - Live Hearing Feed | Zero Hedge

Here Are The Highlights From The Senate's Finding That Banks Manipulate Physical Commodities - Live Hearing Feed | Zero Hedge | Gold and What Moves it. | Scoop.it
After two years, and 396 pages of report, the Senate investigations committee finds (translating their gobbledygook into English) that the banks did indeed corner and rig the commodity market. As Bloomberg reports, the Senate panel said the firms have eroded the line separating banking from commercial activities to the detriment of consumers and the financial system. The holdings give banks access to non-public information that could move markets and increase the likelihood that industrial accidents will spur taxpayer bailouts, the report said... (i.e. manipulated the system). The hearing, involving bankers from Goldman, Morgan Stanley, and JPMorgan begins at 930ET...
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Jesse's Café Américain: Senate Report Reveals Powerful Manipulative Positions of Goldman, JPM In Global Commodities

Jesse's Café Américain: Senate Report Reveals Powerful Manipulative Positions of Goldman, JPM In Global Commodities | Gold and What Moves it. | Scoop.it
"We had to struggle with the old enemies of peace--business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.

They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob."

Franklin D. Roosevelt


"Why is JP Morgan getting so much heat?   Maybe because it is a massive international crime syndicate."

Matt Taibbi, Talking JPM With Sam Seder

JPM and Goldman sought and obtained manipulative powers in global commodities, even while they were being bailed out on the back of the American people?   Oh no, nothing like this could be true, or so the shills and toadies of the moneyed interests will say.  Just get the government out of our way, and everything will be all right.  The market is naturally rational and efficient, pure and pristine.   No Bank would risk its reputation by doing anything illegal.

Especially when they buy off and intimidate enforcement, write the laws, and do what they will. 
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Jesse's Café Américain: Can You Help the Fed Figure Out What Is Wrong With The Recovery™

Jesse's Café Américain: Can You Help the Fed Figure Out What Is Wrong With The Recovery™ | Gold and What Moves it. | Scoop.it

Why doesn't the public spend and save more?

Hal's insight:

What a great recovery.

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Dutch Mainstream TV Covers Global Interest In Gold

Dutch Mainstream TV Covers Global Interest In Gold | Gold and What Moves it. | Scoop.it
Last week I was interviewed for a Dutch news item about gold. The show (Een Vandaag) was broadcasted on national television and viewed by 1 million people.
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The Abenomics Death Spiral

The Abenomics Death Spiral | Gold and What Moves it. | Scoop.it
By Peter Schiff

As Japanese Prime Minster Shinzo Abe has turned his country into a petri dish of Keynesian ideas, the trajectory of Japan’s economy has much to teach us about the wisdom of those policies. And although the warning sirens are blasting at the highest volumes imaginable, few economists can hear the alarm.
Data out this week shows the Japanese economy returning to recession by contracting for the second straight quarter (and three out of the last four quarters). The conclusion reached by the Keynesian apologists is that the benefits of inflation caused by the monetary stimulus have been counteracted, temporarily, by the negative effects of inflation caused by taxes. This tortured logic should be a clear indication that the policies were flawed from the start.
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US Mint October Gold coin sales hit best since Jan - Shanghai Metals Market

US Mint October Gold coin sales hit best since Jan - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
United States Mint sales data suggests retail demand for gold coins remains strong so far in November, likely because of the drop in prices.
US Mint October Gold coin sales hit best since Jan
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Global Economy on Unquestionable Decline Leading to War-Gerald Celente | Greg Hunter’s USAWatchdog

Global Economy on Unquestionable Decline Leading to War-Gerald Celente | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
Top trends researcher Gerald Celente is forecasting a slowing global economy in 2015, and oil is a leading indicator. Celente explains, “It’s all in oil.  We’ve been talking about oil prices since they peaked in June of this year.  Now, you are seeing a 30% decline in Brent crude and West Texas (crude oil).  This is big and it’s not a manipulated market.  This is real.  Yes, supply is up, but demand is down, and demand is down big time.  You don’t have to look at that as an assumption, you can look at that as a fact.  Here’s the fact.  The fact is China is one of the biggest consumers of energy and commodities in the world.  You are seeing investment in China coming down to 2000 levels.  You are seeing production falling back to great recession levels in 2008 and 2009. . . . This is a global slowdown.  It’s in front of everybody’s eyes, and oil is telling the story.”

So, what’s in store for 2015? Let’s start with the global economy.   Celente says, “The economy is on a decline and it’s unquestionable.   They are boosting the equity markets with record low interest rates.  It’s a Ponzi scheme, and at some point, it has to explode.”   
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Why Did European Central Banks Sell Gold?

Why Did European Central Banks Sell Gold? | Gold and What Moves it. | Scoop.it
In 1991 the Dutch central bank (DNB) held 1,700 tonnes in official gold reserves, currently they have 613 tonnes ...
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TraderStef on Twitter

TraderStef on Twitter | Gold and What Moves it. | Scoop.it
RT @KoosJansen #BOE 1999 "Therefore at any price, at any cost, the central banks had to quell #Gold price, manage it" pic.twitter.com/9IwuFYzbez
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SGE Withdrawals Very Strong, China Stepping Up Solar Power

SGE Withdrawals Very Strong, China Stepping Up Solar Power | Gold and What Moves it. | Scoop.it
Another very strong week for Chinese wholesale gold demand at 54 tonnes in week 45 (measured by SGE withdrawals)...
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India Precious Metals Import Explodes In October

India Precious Metals Import Explodes In October | Gold and What Moves it. | Scoop.it
Despite all efforts from the Indian government to curtail India's demand for precious metals, the Indian people continue to put their savings in ...
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