Gold and What Mov...
Follow
69.7K views | +33 today
Scooped by Hal
onto Gold and What Moves it.
Scoop.it!

10 Bearish Predictions for Investors in 2012

At a time of daily stock-market seizures, weekly bank and sovereign debt downgrades and monthly central bank interventions, most people are seeing the glass half empty, and have forecasted bearish -- if not downright abysmal -- market conditions...

 

"1. U.S. Banks Will Experience "Contagion" of the Crisis in Europe"

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...
Scooped by Hal
Scoop.it!

Real Time Gold Prices | Exact Price of Gold | Lear Capital

Real Time Gold Prices | Exact Price of Gold | Lear Capital | Gold and What Moves it. | Scoop.it

Get free real time gold prices updates even when you're on the move. Keep abreast of the precious metal market price with Lear Capital.

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

Analysts Issue More Positive Gold Trends for Miners

Analysts Issue More Positive Gold Trends for Miners | Gold and What Moves it. | Scoop.it

The story for gold is firming, and that is also for the gold miners. Sterne Agee’s metals and mining analysts have a report out on Thursday defending gold and the miners, on a day when gold is already soaring due to new European bank worries. The firm’s Michael Dudas and Satyadeep Jain are signaling […]

Hal's insight:

Click through for the rest.

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

Rash of stock buying makes zero sense

Rash of stock buying makes zero sense | Gold and What Moves it. | Scoop.it

John Crudele writes:

 

Stock prices went down early this week and — oh my! — you’d have thought the world was about to end.

 

As I’ve been telling you — and others have since confirmed — the stock market is rigged.

 

Central banks, including the Federal Reserve, have kept rates so low that there really isn’t any other money-making alternative for investors except stocks. But that’s the old news.

 

Around the world, central bankers have also been actively buying stocks to keep equity prices up. Why? First, because the stock market is the only thing creating any kind of optimism in the world economy. And, second, because Central Banks need to make profits, too, and they can’t with interest rates so low.

 

So it’s a Big Rig — an 18-wheeler that’s being driven by the Fed and other central bankers. ...

Hal's insight:

Click through for the rest.

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

Germany & China Strengthen Alliance Along With Russia

Germany & China Strengthen Alliance Along With Russia | Gold and What Moves it. | Scoop.it
 

Today an acclaimed money manager told KWN that Germany has yet again strengthened its alliance with China.  Stephen Leeb also said that as the China/German relationship strengthens, Germany’s relationship with the United States is rapidly declining.  All of this is good news for Russia, who is more than happy watch this unfold.

 

 

Leeb:  “I was floored by the comments made on Merkel’s visit to she just concluded to China.  The German leader went to China for several days and many trade agreements were signed in what turned out to be an extremely friendly visit.  The president of China left Merkel saying he wished Germany luck against Brazil in the World Cup and called Germany an ‘important strategic partner.’....

Hal's insight:

It's amazing how quickly things are turning against the dollar. Click through for the rest of the interview.

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

JIM ROGERS - All FIAT CURRENCY will be WORTHLESS in 2014. Dont SELL Your GOLD or SILVER - YouTube

SUBSCRIBE for Latest on JIM ROGERS / GOLD / SILVER / GLOBAL CURRENCY RESET / LINDSEY WILLIAMS / BITCOIN / NEW WORLD ORDER http://www.youtube.com/GoldCashWeal...
more...
No comment yet.
Scooped by Hal
Scoop.it!

070914- Dull trading, but higher. | Conquer the Mummy .com

070914- Dull trading, but higher. | Conquer the Mummy .com | Gold and What Moves it. | Scoop.it

There are rumors that further action by Israel’s forces may feature a ground attack (round 2?). This is going to put a bid under gold prices, especially heading into a weekend. ...

Hal's insight:

Click through for the full post.

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

Scott Carter: How Gold Will Surge to $1,450 an Ounce Before the End of the Year - Video - TheStreet

Lear Capital CEO Scott Carter tells TheStreet's Joe Deaux that he expects gold to touch $1,450 an ounce this year, because he says positive headline economic data is overshadowing weaker details in the reports. Carter defends his forecast despite the June jobs report, which showed ...
more...
No comment yet.
Scooped by Hal
Scoop.it!

Two “critical” #gold events could be happening right here, right now

Two “critical” #gold events could be happening right here, right now | Gold and What Moves it. | Scoop.it

Two potentially big stories for gold are unfolding right now. In disparate parts of the globe.


First in terms of gold supply. In the world’s fifth-largest bullion producer: Peru.

 

Reports late last week from the Peruvian government show another notable decline in monthly gold output. With production for May falling 24.6% compared to the year-ago period. Equating to a loss of over 111,000 ounces for the month.

 

The drop in output continues a trend we saw the previous month. With April production figures down by over 116,000 ounces – or 26% – compared to April 2013. ...

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

China Is Going To Push Gold, Silver & Oil Dramatically Higher

 

Today an acclaimed money manager told KWN that investors need to prepare themselves because the Chinese are going to push the price of gold, silver, and oil dramatically higher.  Stephen Leeb also said the Chinese are going to start loaning money to companies to produce gold and they will demand physical gold as repayment.

 

 

Leeb:  “Eric, right now the new dynamic is Germany, China, Russia, and India becoming the new economic leaders in the world.  There will also be a new economic bloc involving China, Russia, and Germany....


Hal's insight:

Click through for the rest.

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

Buy All Attempted Takedowns Of Gold, Silver And Junior Mining Stocks | Investment Research Dynamics

Buy All Attempted Takedowns Of Gold, Silver And Junior Mining Stocks | Investment Research Dynamics | Gold and What Moves it. | Scoop.it
The most absurd part about today's payroll report is the fact that supposedly highly educated people get on financial spin networks and discuss and debate the
Hal's insight:

Click through for the full post.

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

Does The PBOC Purchase Gold Through The Shanghai Gold Exchange?

Does The PBOC Purchase Gold Through The Shanghai Gold Exchange? | Gold and What Moves it. | Scoop.it

Nope – that’s my answer. It’s my assumption the People’s Bank Of China (PBOC) does not buy any gold through the Shanghai Gold Exchange (SGE), for a number of reasons. In previous posts I’ve speculated about these reasons, here’s a recap; from Koos Jansen (April 15, 2014):

 

The main objectives for the PBOC to accumulate gold are:

Supporting the renminbi for its internationalization (adding trust and credibility)Owning hard currency as the cornerstone of capitalism.Owning reserves that protect the Chinese economy from external/internal shocks and inflation. ...
Hal's insight:

Click through for the rest.

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

US Council of Mayors Adopts Resolutions for Trillion-Dollar Economic Boost at Zero Taxpayer Cost

Bank Act organizes support for the successful passage of postal banking legislation at the federal level and other public banking legislation at the state and local level. Our vision is for widespread adoption of public banking in the USA and Canada, with post offices providing affordable banking services on Main Street and state and municipal-owned banks providing affordable credit as an essential element of public finance.

Through advocacy, legislative assistance and coordinating among like-minded groups, Bank Act aims to have states and cities start their own public banks to keep tax funds working in the public interest. We aim to have the US Postal Service adopt proposals of its Office of Inspector General to drive out payday lenders, boost local economies, strengthen independent community banking, and financially stabilize the USPS itself — all at no cost to employers or taxpayers — by offering low-cost financial services to low-income workers and families.
Hal's insight:

You must be joking. Zero Cost to Taxpayers? LOL right. Hey, for Ten Grand I'll sell you an island I have that floats not on water but on air.

 

They want the USPS to make payday loans and do money cards. That's hilarious. 

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

Massive Worldwide Fires & Major Global Economic Breakdown

Massive Worldwide Fires & Major Global Economic Breakdown | Gold and What Moves it. | Scoop.it

Greyerz Tells King World News:  “I’ve just come back from the United States. What surprised me was how bullish some people are about the U.S. economy and the equity markets.  The mainstream media continues to fuel this totally misplaced optimism....

Hal's insight:

Click through for the rest of the interview.

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

Swap Dealers ‘Goal Line Stand’ for COMEX Silver Futures in Jeopardy, Squeeze Very Possible Now - Got Gold Report

Swap Dealers ‘Goal Line Stand’ for COMEX Silver Futures in Jeopardy, Squeeze Very Possible Now - Got Gold Report | Gold and What Moves it. | Scoop.it

Update 1: Adds new Kitco price graph for silver at the end showing a possible short squeeze trying to get underway mere hours following the release of this offering.

 

HOUSTON -- A sure-enough short squeeze might be developing in the volatile silver market. We attempt to identify who, or rather which class of futures trader, might be squeezed in this brief offering.

 

The inspiration for this article is actually misinformation found elsewhere. We have seen and read commentary on the Web from various analysts and market watchers that have attributed, or rather misattributed, the very large increase in large commercial net short positioning (LCNS) for silver futures to members of the Producer/Merchants – which would be to the “silver trade” itself.

 

Recall that the Producer/Merchants primarily use futures to hedge a natural long position by those who hold or manage significant amounts of gold or silver inventory – either for themselves or for others. It also includes the bullion-trading banks many of those Producers, Merchants, Processors, and Users end up trading through.

 

Looking at the Legacy COT graph for the...

Hal's insight:

Hat tip to www.gata.org 

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

Billionaire Hugo Salinas Price - Elites Plan to Control the World

Billionaire Hugo Salinas Price - Elites Plan to Control the World | Gold and What Moves it. | Scoop.it

Hugo Salinas Price tells King World News:


“I think we are going to see a series of bankruptcies.  I think the rise in interest rates is the fatal sign which is going to ignite a derivatives crisis.   This is going to bring down the derivatives system (and the financial system).


There are (over) one quadrillion dollars of derivatives and most of them are related to interest rates.  The spiking of interest rates in the United States may set that off.  ...

Hal's insight:

Click through for the full interview.

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

What If The Federal Reserve Has It All Backwards? | Zero Hedge

The Fed spends an inordinate amount of time focusing on increasing Lending with the idea that loan growth increases economic activity. Is it possible that it is Interest Income derived from Savings that is more important to economic growth?
Hal's insight:

Click through for the full article. It's worth a read. I would hazard a guess to say, yes. With the clarification being, only if you don't want to enslave people via debt. But if you are looking to enslave the populous with debt then the FED is doing it right.

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

oftwominds-Charles Hugh Smith: Neofeudalism's Tax Donkeys (Yes, You) and the Battle for Control of Resources

oftwominds-Charles Hugh Smith: Neofeudalism's Tax Donkeys (Yes, You) and the Battle for Control of Resources | Gold and What Moves it. | Scoop.it

Those who own the resources and influence the political control of those resources are the New Nobility in a pernicious Neofeudalism enforced by the very government that claims to serve the debt-serfs and tax donkeys.

Let's tease apart several strands of Neofeudalism, my preferred term (along with Neocolonialism) for the Status Quo.

The E.U., Neofeudalism and the Neocolonial-Financialization Model (May 24, 2012)

It is increasingly clear that a new form of feudalism has subverted democracy, and that the New Feudalism is powered by concentrations of private wealth and centralized state control: what I call the New Nobility ...

Hal's insight:

Click through for the rest of the article. 

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

Allbank introduces Gold loan scheme in Kolkata

Allbank introduces Gold loan scheme in Kolkata | Gold and What Moves it. | Scoop.it
Allahabad Bank launched its Gold Loan Scheme in 25 branches in Kolkata and its suburbs. Gold loan business of the bank was so far concentrated in South India.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Do You Remember? Why Gold?

Do You Remember? Why Gold? | Gold and What Moves it. | Scoop.it

Gold is turning into something of a forgotten asset, and that’s fine by me. There will be a time to buy gold again, and when that time comes, there will be very few believers. That’s the way italways is before a major rally.

 

With most things in life, you see something like a 90/10 or 80/20 rule. As it relates to gold, this means that 5% are in the “gold bug” crowd, 5% is in the “gold is a barbaric relic” crowd, and 90% in the “I don’t have a strong opinion about gold” crowd. This helps explain rallies; remember, there is tremendous latent energy in gold, and it comes from the majority that isn’t thinking about gold–yet.

 

Now this is really the case with any asset, such as stocks. I am telling you, more people will be stampeding to buy the Dow at 30,000 than at 10,000. And I’m not only talking about the mythical and much-derided “herd” that always buys too late. I’m talking about institutional money. It’s not, “let me think in terms of probabilities and expected value and ease into stocks.” Nope. It’s skepticism, disbelief, and absolute religious-like refusal to buy stocks. Then finally capitulation and panic buying. ...

Hal's insight:

Click through for the rest.

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

Conversion to Physical

Conversion to Physical | Gold and What Moves it. | Scoop.it

Can the prophet ever be honored at home? Part of the challenge of converting friends & family to precious metal ownership is just that—it requires a conversion. But it is different than a conversion, lets say, from being a Catholic to being a Baptist, or from apostasy to any religion. Within the bounds of western societies, these are perfectly normal and expected conversions. A guy gets married and starts going to church with his more religious wife. A teenager finds Jesus and attends the youth group at the local church. Today, these are common and acceptable conversions and indeed my own parents breathed a sigh of relief when I started going to church instead of hanging out with my troublemaker friends.

 

No, converting to precious metals is more like converting from Islam to Christianity, or vice versa. It has to be complete and it could cost you much. Those who talk too much about their conversion to family & friends are often alienated. But, you are literally saving your soul from the hell of poverty and destitution…that is if you believe in societal collapse, or even economic impoverishment as a nation. With conversion to precious metals, you cross a line. You are putting your labor-wages into true money that will survive whatever hell may be approaching us. ...

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

oftwominds-Charles Hugh Smith: Why Housing Will Crash Again--But For Different Reasons Than Last Time

oftwominds-Charles Hugh Smith: Why Housing Will Crash Again--But For Different Reasons Than Last Time | Gold and What Moves it. | Scoop.it

Institutionalizing the speculative excesses that inflated the previous housing bubble has fed magical thinking and fostered illusions of phantom wealth and security.

The global housing market has been dominated by magical thinking for the past 15 years. The magical thinking can be boiled down to this:

A person who buys a house for $50,000 will be able to sell the same house for $150,000 a few years later without adding any real-world value. The buyer will be able to sell the house for $300,000 a few years later without adding any real-world value. The buyer will be able to sell the house for $600,000 a few years later without adding any real-world value.

And so on, decade after decade and generation after generation: a house should magically accumulate enormous capital (home equity) without the owner having to do anything but pay the mortgage for a few years.

The capital isn't created by magic, of course: it's created by a greater fool paying a fortune for the house on the ...

Hal's insight:

Click through for the rest.

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

Does Wall Street Even Notice That The Emporer's Not Wearing Clothes?

Does Wall Street Even Notice That The Emporer's Not Wearing Clothes? | Gold and What Moves it. | Scoop.it

Written by Chris Marcus, Arcadia Economics.

There are several aspects about working in today’s financial industry that are less than perfect, although gaining an insight into how many on Wall Street think and why they make the decisions that they do is certainly one of the positives. In fact what many on the outside often have a hard time understanding is that most on Wall Street are in reality somewhat oblivious to massive bubbles that the Federal Reserve has inflated, and that can make things confusing when you don’t factor it in properly. However whether they should understand what’s going on or not, once you can understand the mindset from which the average Wall Streeter is coming from, it can give you an incredible trading advantage that’s almost the equivalent of spotting your opponent’s “tell” at the poker table. ...

Hal's insight:

Click through for the rest.

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

Chinese Gold Demand 947 MT YTD | In Gold We Trust

Chinese Gold Demand 947 MT YTD | In Gold We Trust | Gold and What Moves it. | Scoop.it
Chinese gold demand, as measured by SGE withdrawals, accounted for 27 metric tonnes in week 26 (June 23 - 27), year to date the counter stands at 947 tonnes
Hal's insight:

Click through for the rest and full size charts.

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

Gold set for 2nd quarterly gain amid global tensions

Gold set for 2nd quarterly gain amid global tensions | Gold and What Moves it. | Scoop.it

Jeffrey Richmond writes:

 

Gold, having risen three straight weeks, appears set for a second consecutive quarterly gain with violence in Iraq and Ukraine continuing to buttress demand.

 

U.S. jobs data and a European Central Bank meeting this week may offer hints about future monetary stimulus strategy, which could affect investor sentiment.

 

"The geopolitical factor is one that it's not easy to predict," Societe Generale analyst Robin Bharsaid, "and that could keep gold above $1,300 just on its own." ...

Hal's insight:

Click over for the rest.

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

oftwominds-Charles Hugh Smith: The Systemic Sources of Geopolitical Turmoil: Instability, Fragmentation, Resource Wars

oftwominds-Charles Hugh Smith: The Systemic Sources of Geopolitical Turmoil: Instability, Fragmentation, Resource Wars | Gold and What Moves it. | Scoop.it

The proximate trigger of instability is less important than we think.

It's tempting to think that the resolution of various geopolitical crises would restore global stability: tempting, but wrong. Global turmoil may appear to have specific causes--Ukraine, Iraq, Syria,etc.--but the deeper reality is the instability is systemic.

The proximate trigger of instability is less important than we think. The often-cited analogy is a sand pile formed by a steady trickle of sand from a storage bin. The sand slowly accumulates into a seemingly stable pile. But the structure of the pile becomes increasingly unstable as the sides steepen and the height grows, and at some unpredictable point the pile suddenly collapses in cascades of sand. ...

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

SGE Withdrawals 36 MT in Week 25, YTD 920 MT | In Gold We Trust

SGE Withdrawals 36 MT in Week 25, YTD 920 MT | In Gold We Trust | Gold and What Moves it. | Scoop.it
Robust demand at the Shanghai Gold Exchange (SGE) in week 25 (June 16 - 20), physical gold withdrawn from the vaults accounted for 36.3 metric tonnes...
Hal's insight:

Click through for the rest.

more...
No comment yet.