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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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Gold and What Moves it.
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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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But "why" are gold and silver prices manipulated?

But "why" are gold and silver prices manipulated? | Gold and What Moves it. | Scoop.it

By Bill Holter

  I promised yesterday to answer the question "why?" is it that silver and gold are manipulated.  Some people say "who cares?".  Some don't believe it while others don't even have clue that it's happening.  "Gold bugs" for the most part are angry but I sense they are angry for the wrong reasons.  Many understand fiat money to be freely printable and without any real value but they are angry because "gold went down" or didn't "go to da' moon" yet.  They should be "rich" by now ...the flaw of course to this thought process is counting your wealth in dollars and wanting to, hoping for and planning to "sell" which leaves you back again with DOLLARS.  My point to this paragraph is to show you how well the "why" gold and silver manipulation have worked so well!  Even many hard asset advocates still deep down "want" more dollars which is why they want their holdings to "go up".


OK, so why has it been imperative to suppress gold and in particular silver prices?  Let me first say I will consider gold and silver to be the same for this exercise even though they are not ...

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India s Gold Bar imports surged 16% during August 14: GJEPC - Shanghai Metals Market

India s Gold Bar imports surged 16% during August 14: GJEPC - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
The Gems and Jewellery Export Promotion Council (GJEPC) has released the details of imports of raw materials for gems and jewellery for the month of August 2014. India's Gold Bar imports surged 16% during August '14: GJEPC
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Indian Gold Imports are likely to pick up even further ahead of festival season - Shanghai Metals Market

Indian Gold Imports are likely to pick up even further ahead of festival season - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
The world's second biggest bullion consuming nation India's gold imports advanced significantly by 176% year-over-year during August, said HSBC, citing government's trade data.
Indian Gold Imports are likely to pick up even further ahead of festival season
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Gold's move from West to East is said intended to rebalance FX reserves | Gold Anti-Trust Action Committee

Gold's move from West to East is said intended to rebalance FX reserves | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

China May Boost Gold Reserves amid Imbalances in Holdings

By Feiwen Rong and Glenys Smi
Bloomberg News
Monday, September 15, 2014

http://www.bloomberg.com/news/2014-09-15/biggest-banks-said-to-overhaul-...

 

China may join other emerging countries in boosting gold reserves as the precious metal makes up a smaller share of its foreign-exchange holdings compared with developed economies, said a London-based researcher.

 

The country hasn't announced any changes to state gold reserves since authorities in 2009 said holdings totaled 1,054.1 metric tons. While China holds the world's biggest foreign-exchange reserves, bullion accounts for 1.1 percent of the total, compared with about 70 percent for the U.S. and Germany, the biggest gold holders, World Gold Council data show. ...

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oftwominds-Charles Hugh Smith: Janus Yellen and the Great Transition from Risk-On to Risk-Off

oftwominds-Charles Hugh Smith: Janus Yellen and the Great Transition from Risk-On to Risk-Off | Gold and What Moves it. | Scoop.it

The end of risk-on cannot be prettily managed.

In ancient Roman religion and myth, Janus is the god of transitions--beginnings and endings of conflict, war and peace, journeys, trades and eras. Janus has two faces, as befits a god that looks both to the future and to the past.

In our era of omnipotent central banks worshipped by the Status Quo, we have a goddess of financial transitions--Janus Yellen, the two-faced chair/deity of the Federal Reserve--to usher in the Great Transition from risk-on to risk-off.
What is risk-on? ...
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Inflation Watch: How Much $1 Used To Get You! | Zero Hedge

Inflation Watch: How Much $1 Used To Get You! | Zero Hedge | Gold and What Moves it. | Scoop.it
Despite promises that inflation is "contained," the dollar ain't quite what it used to be...
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Click through for the full size graphic. It'll give you something to think about the next time you head out to get some food.

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China + Russia v USA + Europe

China + Russia v USA + Europe | Gold and What Moves it. | Scoop.it
China has aligned itself with Russia as often an ally in the international arena. China has made it known that it stands ready to use the right of "veto" any decision of the UN Security Council on ...
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#Gold ETFs outflows - 15th consecutive month in #India - @Mineweb.com

#Gold ETFs outflows - 15th consecutive month in #India - @Mineweb.com | Gold and What Moves it. | Scoop.it

Indian demand for bullion is also expected to fall by 13% to 850 metric tonnes this year, the lowest level since 2009. ...

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UK Hints At Next Reserve Currency, To Issue Chinese Yuan-Denominated Bond | Zero Hedge

Yuanification continues around the world. As The USA attempts to corral its allies in a 'broad coalition', an increasing number of people - including domestic economic policy advisors - are shifting away from the USD as primary reserve currency. However, the move by British Chancellor of the Exchequer George Osborne, announced Friday, is likely the most notable yet in the world's de-dollarization. As Xinhua reports, the British government intend to be the first nation (ex-China) to issue Renminbi denominated bond and to use the proceeds to finance the government's reserves of foreign currency. Osborne described this dialogue outcome as "a historic moment" and a statement of British confidence in the potential of the RMB to become "the main global reserves currency".
Hal's insight:

The march away from the dollar continues.

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oftwominds-Charles Hugh Smith: Is Risk-On About to Switch to Risk-Off?

oftwominds-Charles Hugh Smith: Is Risk-On About to Switch to Risk-Off? | Gold and What Moves it. | Scoop.it

Cranking markets full of financial cocaine so they never correct simply sets up the crash-and-burn destruction of the addict.


Human memory being what it is, almost three years of risk-on euphoria has created the illusion that risk-on is The New Normal that will continue on for years to come. Perhaps, but there are converging signals that suggest the risk-on trade is about to reverse polarity to risk-off. These include:
1. Junk bonds. Two charts below (one from Lance Roberts and the second from Chris Kimble) suggest the risk-on extremes have reached the point of reversal.

2. Soaring U.S. dollar. Without going into detail, it's increasingly clear that ...
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Recent gold and silver smash aimed at the Russia and China?

Recent gold and silver smash aimed at the Russia and China? | Gold and What Moves it. | Scoop.it

Robert Fitzwilson tells King World News in an article titled, The Global Ticking Time Bomb, Economic War & World War III.

 

As for precious metals, the recent smash could also be aimed at the currency antagonists of the West, particularly Russia and China. Those two nations, along with India, own the lion’s share of the world’s stock of gold and silver. Driving the price down to tarnish the role of precious metals makes perfect sense if you want to keep printing money out of thin air without constraints. As with oil, there is no economic basis for the price of precious metals being this low. It is simply collateral damage from war between the major powers....

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The death spiral of capitalism - Martin Hutchinson

The death spiral of capitalism - Martin Hutchinson | Gold and What Moves it. | Scoop.it

No less than six sovereign borrowers are now paying negative nominal interest rates on their 2-year borrowing in euros. In other words, they are making money by going into debt. In real terms, medium-term U.S. TIPS and British index-linked gilts have had negative interest rates for several years. Contrary to the views of the happy Keynesians around us, this is very dangerous indeed. If negative interest rates were to persist, the world's stock of capital would eventually disappear. Without capital, we'd be back up the trees. 

You don't even have to be a decent credit risk to borrow money at negative interest rates in euros—France's 2-year bond yield has just turned negative. Since France hasn't balanced its budget since 1969 and is enduring a prolonged period of stagnation caused by having one of the world's largest public sectors, to rational investors it ranks as a credit with substantial risk. Of course, today's bond-market investors aren't rational; their brains are fogged by six-years-and-counting of monetary "stimulus." ...
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Hat tip to @EdSteerGSD

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China Gold Looks at Targets in Hunt for Mining Deal

China Gold Looks at Targets in Hunt for Mining Deal | Gold and What Moves it. | Scoop.it
China Gold International Resources Corp., a gold and copper producer with mines in Inner Mongolia and Tibet, will probably make an acquisition by the end of next year, according to one of its senior executives.
Hal's insight:

Looking at all avenues to getting the physical stuff. 

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The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months - Louis Scatigna, Author of The Financial Physician

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months - Louis Scatigna, Author of The Financial Physician | Gold and What Moves it. | Scoop.it
We are doomed as a country. Everything coming out of government now is a lie.-Lou   The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months By Michael Snyder, on September 14th, 2014 The idea that the Obama administration has the budget deficit under control is a complete …
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Debt will be the driver of gold's price. Particularly when those debts must be paid.

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Does Sentiment Indicate A Bottom In Silver? - American Hard Assets

The premium in PSLV should be lower to indicate a bottom in silver. Unlike silver, the silver miners ETF is positive for the year.
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John Embry- Something Seriously Wrong With Financial System - YouTube

John Embry, Chief Investment Strategist at Sprott Asset Management, thinks gold price suppression is a key factor in global monetary policy. Embry contends, ...
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This is a must watch. At one point he makes a comment that I've also believed for some time now, that China holds far more gold than is reported.

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What are the key events that can influence Gold this week? - Shanghai Metals Market

What are the key events that can influence Gold this week? - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
It will be a busy week for financial and gold markets and there are three events in particular that can shape the larger investment climate, said Brown Brothers Harriman. What are the key events that can influence Gold this week?
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Richard Russell - Total Systemic Failure & Worst U.S. Nightmare

Richard Russell - Total Systemic Failure & Worst U.S. Nightmare | Gold and What Moves it. | Scoop.it

Richard Russell writes on King World News:  “I've been thinking, the people at the Fed may be deceivers and even liars, but they are not stupid. They know that the current system depends on constant, never-ending growth. But they also know that “no tree grows to the sky.” So what are they really thinking? The people at the Fed realize that they have good jobs and that they have prestige. 

 

They also know that they will continue their Keynesian policies for as long as they are employed by the Fed. And then when the system breaks down, which it must some day, they will be retired and the next Fed employees will take over. So enjoy it while it lasts and let the next guy deal with the ugly consequences. The Fed members may be deceitful and given to lies -- but they are not stupid.


I guess the worst offender was Alan Greenspan, who while younger wrote ...

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Florida Raising Property Taxes

Florida Raising Property Taxes | Gold and What Moves it. | Scoop.it
COMMENT: Hi Martin, Our local city has just voted unanimously to raise the property tax rate 17.7%. They're not alone, as many local municipalities in Florida have raised rates. 37 of 39 cities in ...
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Martin answer to this letter from a reader is worth a read. Indeed, municipal governments are broke.

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Newsflash To Fed: 122 Billion Bottles Of Beer On The Wall Is A Mega-Bubble

Newsflash To Fed: 122 Billion Bottles Of Beer On The Wall Is A Mega-Bubble | Gold and What Moves it. | Scoop.it

While Janet Yellen and her band of money printers work themselves into a tizzy over whether two buzz words—-“considerable time”—– should be dropped from their post-meeting word cloud, they might be better advised to just read the newspapers. This morning’s WSJ brings word that the lending boom which our monetary central planners are eager to stimulate is apparently off-to-the-races.

 

Well, sort of. The item in question is a $122 billion globally syndicated loan to facilitate an M&A deal between the world’s two largest beer companies—AB InBev with a 20% global market share and SABMiller with 10%.  Needless to say, the only possible reason for creating a monstrosity with $60 billion in sales spread among scores of highly differentiated regional and national beer markets is the “synergy” euphemism—-that is, the “savings” from thousands of job terminations especially in those two paragons of job growth known as North America and Europe.

 

So the purpose is self-evidently the opposite of the Fed’s intent—whether the sweeping job cuts which Wall Street will peddle to justify the deal actually happen or not. In any event, the deal has virtually ...

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FOMC Meeting May Reveal A Shift In Fed's View QE Exit Strategy; Gold Watches Closely

FOMC Meeting May Reveal A Shift In Fed's View QE Exit Strategy; Gold Watches Closely | Gold and What Moves it. | Scoop.it
(Kitco News) - A two-day Federal Open Market Committee meeting ends Wednesday and economists said they are expecting the Federal Reserve will announce some sort of change on forward guidance as it prepares to end its asset-purchase program. Economists said the Fed will likely announce another $10 billion reduction in its [...]
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Michael Pento on Gold

Michael Pento on Gold | Gold and What Moves it. | Scoop.it

Since Nixon closed the gold window in 1971, gold has made an impressive move upward from its fixed price of $32 an ounce, to where it sits now around $1,250. But few seem to grasp what actually causes gold to move higher. An increase in the gold prices occurs when the market becomes convinced that a currency will lose its purchasing power due to central bank-induced money supply growth and real interest rates that have been forced into negative territory. And nothing convinces a market more of a rising gold price than when debt and deficits explode.
 
But while the parabolic move higher in gold from 2009 to 2011 did contain a period of low nominal interest rates, real rates did not fall. And, the surging gold price was not accompanied by a growing money supply either. In fact, the growth rate of M3 plummeted during 2009 thru 2010-it wasn't until 2011 that the money supply rebounded. So what would explain the steady move in gold from $800 to $1,900 per ounce during that time period? The gold price simply got ahead of itself because the market feared that out of control deficits would force the Federal Reserve into an unending cycle of debt monetization, which would engender a protracted period of negative real interest rates, booming money supply growth and inflation. 
 
However, those fears were temporarily ameliorated by the reduction of Federal Budget deficits starting in 2011. This is because the Fed was, ironically, able to temporarily re-engineer asset bubbles, while sending borrowing costs lower, causing revenues to increase and expenditures to decrease. Annual deficits fell from $1.3 trillion in 2011, to $500 billion today. Adding to the gold market's recent woes is the specious belief held by U.S. dollar bulls that the Fed will be aggressively raising interest rates while the rest of the world is cutting rates. This is the explanation to why gold and gold mining shares have suffered mightily during the past three years.  ...

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Martin Armstrong-Next Decline Will Be Far Worse Than Last One - YouTube

Martin Armstrong-Next Decline Will Be Far Worse Than Last One - YouTube | Gold and What Moves it. | Scoop.it
On the recent strength of the U.S. dollar, financial expert Martin Armstrong says, “The central banks only have the dollar, that’s it. It is the reserve curr...
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American credit-card debt hits a post-recession high : Jim Sinclair's Mineset

Jim Sinclair’s Commentary

What is left of the middle class is living on its credit cards.


American credit-card debt hits a post-recession high 
Published: Sept 13, 2014 8:02 a.m. ET

U.S. consumers may be relying too heavily on their plastic.

Americans added $28.2 billion to their credit cards in the second quarter of 2014, the largest amount in the last six years and nearly 200% more than in the second quarter of 2009, when the economy emerged from the depths of the Great Recession, ...

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Good sign for gold, I believe.

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A Win-Win Scenario for Gold Investors

A Win-Win Scenario for Gold Investors | Gold and What Moves it. | Scoop.it
The US economy is set upon by two opposing forces - inflation and deflation. Right now they're more or less in check - each one working against the other to produce a fairly benign influence on the overall economy. But eventually one will emerge victorious. And when that happens, as Jim Rickards explains, gold investors will come out on top. Read on...
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