Gold and What Moves it.
84.9K views | +1 today
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!

Russia Leading In Anti-Manipulation :: Jim Sinclair's Mineset

Russia Leading In Anti-Manipulation :: Jim Sinclair's Mineset | Gold and What Moves it. | Scoop.it

Jim Sinclair writes:

 

Russia takes the lead in anti manipulative gold actions. Russia also marks its gold inventory toy market price. They have to be very unhappy with the gold banks and the US Fed.

 

War takes many forms and gold is outright war.

 

China will follow with a physical bullion exchange. This is dynamite for the real discovery of the price of gold and silver free from no-gold, no-silver fraudulent paper exchanges.

 

The Russians are going to launch a cash bullion market. Maybe they know what the Fed has done to one of their major’s assets and now intend to bust the manipulative paper game.

 

This mechanism will go a long way towards the emancipation of gold from paper.

 

Safety is in the Brics or quasi Brics for the next 3 years or more.

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

Trump Tells Americans to Prepare For 'Financial Ruin'

Trump Tells Americans to Prepare For 'Financial Ruin' | Gold and What Moves it. | Scoop.it
According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others.

 

The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.

That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.”

According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”

He goes on to point out that the downgrade of U.S. debt is inevitable. 

“We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it.”

Ballooning debt and a credit downgrade aren’t Trump’s only worries for this country. He says that the official unemployment rate of 8.2 percent “isn’t a real number” and that the real figure is closer to 15 percent to 16 percent. He even mentioned that some believe the unemployment rate to be as high as 21 percent.

Read Latest Breaking News from Newsmax.com http://www.moneynews.com/Archives/Trump-Aftershock-American-Economy/2012/11/06/id/462985?PROMO_CODE=103FC-1#ixzz2XXogkZqU 
Urgent: Should Obamacare Be Repealed? Vote Here Now!

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

The Great Comex Paper Gold Dump: Online Real-Time Physical Gold Price Datasource | Zero Hedge

The Great Comex Paper Gold Dump: Online Real-Time Physical Gold Price Datasource | Zero Hedge | Gold and What Moves it. | Scoop.it
With the Comex futures prices becoming increasingly irrelevant, a Physical Gold price datasource for buyers of physical Gold
more...
No comment yet.
Scooped by Hal
Scoop.it!

India's love for Gold and govt's efforts to curb it - a timeline

India's love for Gold and govt's efforts to curb it - a timeline | Gold and What Moves it. | Scoop.it

By Aditya Kalra
Google Trends shows that the term “current account deficit” is among top searches from India in 2013. Add “gold” as a comparative keyword and the searches for the commodity Indians love are far higher, Reuters reported.

Indians buy gold for everything - investment, gifts, wedding ceremonies and auspicious days. But of late, this has become a pain for policy makers.

As the Indian economy struggles, policy makers say that high gold imports and the rising current account deficit are big concerns. India’s number one import, crude oil, and gold, it’s number two, hurt the current account deficit. While crude oil is necessary, gold is not, especially if we believe our finance minister.

“I’m hoping that the people of India will heed my appeal and will not demand so much gold,” finance minister P Chidambaram said in March, monsoon after he claimed during his budget speech that India’s ‘passion for gold’ is responsible for the high current account deficit. ...

Hal's insight:

Very interesting. Click through to see the time line.

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

oftwominds-Charles Hugh Smith: Why Centralization Leads to Collapse

oftwominds-Charles Hugh Smith: Why Centralization Leads to Collapse | Gold and What Moves it. | Scoop.it

A system that suppresses dissent is fault-intolerant, ignorant and fragile.


Increasing centralization has been viewed as the solution for all social and economic problems for quite some time. The Eurozone project is one recent manifestation of this belief. The basis of this belief is rationality and efficiency. If we centralize production and decision-making, we eliminate all sorts of inefficiencies. Decisions can be made by "top people," and supply chains can be rationalized from a hopelessly inefficient clutter down to a supremely rational and cost-effective pathway. Ironically, in eliminating inefficiency and messy decision-making, centralization eliminates redundancy, decentralized pathways of response and dissent. Once you lose redundancy and all the feedback it represents, you lose resiliency and fault-tolerance. The centralized system is fault-intolerant and fragile. By rationalizing decision-making and authority in a centralized hierarchy, the system slowly but surely eliminates dissent: those who "don't get on board" and "get with the program" imposed from the top are marginalized, pushed out or liquidated. From the point of view of the "top people," this is merely rational; why tolerate a lot of chatter and resistance that doesn't serve any real purpose except to bog down the duly chosen program? As Nassim Taleb has observed, dissent is information. Eliminate or marginalize dissent and you've deprived the system of critical information. Lacking a wealth of information, the system becomes a monoculture ...
Hal's insight:

Click through for the rest.

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

Gold rush 2013 style has Dubai scrambling

Gold rush 2013 style has Dubai scrambling | Gold and What Moves it. | Scoop.it
thenational.ae / By James Doran / June 28, 2013 There is not enough space on airlines flying in to Dubai to meet the rapidly rising demand for physical gold in the emirate since the price plunged to record lows this week.
Hal's insight:

via https://twitter.com/Brotherjohnf

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

$300 Trillion In Derivatives Losses To Lead Gold’s Rebound

$300 Trillion In Derivatives Losses To Lead Gold’s Rebound | Gold and What Moves it. | Scoop.it

Today Egon von Greyerz warned King World News that the global derivatives market has already suffered a staggering $300 trillion of losses.  These massive derivatives losses, which are being hidden from the public, will help lead the rebound in gold as it begins the next leg of its bull market.  Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this powerful interview. 


Greyerz:  “A few years ago when the problems in Greece started, it was found that the Goldman Sachs had helped them to hide the real truth of their economy by a major derivatives positions.  


Now we’ve found out that Italy has done exactly the same thing.  They took out derivatives in order to meet euro criteria back in the late 1990s.  They had a total of $31 billion of derivatives and now they are finding that at least $8 billion of that is worthless.  That’s about 30% of the entire position....


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

Stow ‘N’ Go (To Jail): Ohio Criminalizes “Traps” in Cars, We Explore the Tech Behind Hidden Compartments

Stow ‘N’ Go (To Jail): Ohio Criminalizes “Traps” in Cars, We Explore the Tech Behind Hidden Compartments | Gold and What Moves it. | Scoop.it
In the war on drugs, the daily grind of law enforcement is enough to make even Sisyphus feel fortunate; at least the guy knew what his boulder would look like each morning.
Hal's insight:

I highlight this because it's ironic to me. If anyone knows how to hide or stuff something into something other (like a bill or law) it's the government.

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

Lear Capital: Brewing Gold Story About To Boil Over

Lear Capital: Brewing Gold Story About To Boil Over | Gold and What Moves it. | Scoop.it

Of late, gold is being beaten like a rented mule.  Something I would never do, by the way – rent a mule that is.  You can’t listen to or watch the financial news for 15 minutes without hearing someone predict gold at $1000 an ounce, even $800 an ounce based on the most absurd interpretation of reported inflation data.  How soon we forget that government subsidies of all kinds have served to skew true inflation rates.  In the absence of subsidies, everything you buy would cost more.  PERIOD!

 

Last week, a real blockbuster story broke that should have gotten more play than any other financial story in the last week.  Instead, it barely got a mumble from the talking heads.  The House just rejected a Senate approved Farm Bill.that would cut subsidies to farmers.  In short, the House didn’t think the Bill went far enough on the cutting side.  Included in this bill are food stamp subsidies which the House also maintains did not include enough cuts.

 

My contention is that ANY cuts will manifest themselves in higher prices for everything we buy and everything we do.  Don’t be fooled.  The low costs of groceries, gas, heat and electricity, that we enjoy today, come at a cost.  Either deficits continue to soar or the cost of goods has to rise.  If you think debt can now rise to infinity without consequence, you are one who is susceptible to another blindside attack by Debt Crisis – Part II.

 

This story has turned up the heat under the cauldron of budget controversy and could well be part of the Gold rebound story about to unfold.  Turning the heat up further is the fact that gold, by many many accounts, is now trading at a cost at or below its production cost.  The cost settled on by many experts, sits at $1300 an ounce.  For the moment, the gold paper traders are ignoring this as COMEX gold prices seem to be in free-fall.  In reaction, gold mining stocks are also ...

Hal's insight:

Click through for the rest.

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

Jesse's Café Américain: Gold Daily And Silver Weekly Charts - End of Quarter, Stealth Confiscation

Jesse's Café Américain: Gold Daily And Silver Weekly Charts - End of Quarter, Stealth Confiscation | Gold and What Moves it. | Scoop.it

While one can assign any motives they wish to the speculation about if and why there is a stealth confiscation happening, I do believe that the trigger for this was the request from Germany to have their sovereign gold returned, and the refusal of the custodian in New York to do so until 2020. 

That is huge.  It is almost incomprehensible.

Any fails to deliver or difficulty in obtaining supply at the LBMA or the Comex is most likely a secondary effect to this request. 

The scramble is on to find bullion, because a failure to deliver on a legitimate request from a sovereign nation to have their gold bullion returned at the insistence of their citizens, who actually own it, is stunning. I am surprised that more has not been made out of this, and that the German people took this so blithely.

A default on an exchange can be covered up with forced cash settlements. A rehypothecation of customer assets by an MF Global can be sectioned off and minimized with the right PR campaign, localized to the investors whose property has been misappropriated and will not be replaced, except in discounted cash.

But for a central bank to release another country's bullion to their cronies in the market and then be unable to replace it without roiling he markets and sending a shock into the financial system is almost unbelievable.

This is what has happened in my opinion, and why the 'dogs of the market' were released by the financiers on their own people to try and hide what must be an embarrassment of the first order. ...

Hal's insight:

Click through for the charts and the rest of the post.

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

Gold Breaks Below $1200 | Zero Hedge

Gold Breaks Below $1200 | Zero Hedge | Gold and What Moves it. | Scoop.it

So to sum up today's remarkable market... Equities and Bonds are rallying hard on the basis that there will be no end to QE; and gold is crashing because QE is ending?


Perhaps some context is in order...

Hal's insight:

Click over and pay close attention to the last chart. Which is the thumbnail above.

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

Silver At Less Than 19 Dollars An Ounce? Are You Kidding Me???

Silver At Less Than 19 Dollars An Ounce? Are You Kidding Me??? | Gold and What Moves it. | Scoop.it

The day that silver traders have been waiting for has arrived.  On Wednesday, the price of silver dropped another 5 percent.  As I write this, it is sitting at $18.55 an ounce.  On Wednesday it hit a low that had not been seen in three years.  Overall, the price of silver has declined by 34 percent this quarter.  That is the largest quarterly move in the price of silver in more than 30 years.  So what does all of this mean?  It means that we are looking at a historic buying opportunity for those that are interested in silver.  Yes, gold is undervalued right now as well, but it is absolutely ridiculous how low the price of silver is.  At the moment, the price of gold is about 66 times higher than the price of silver is.  But they come out of the ground at about a 9 to 1 ratio, and unlike gold, silver is used up in thousands of common consumer products.  Those that want to invest in silver should be shouting for joy that prices have fallen this low.  If you have been waiting and waiting and waiting to "load the boat", your moment has arrived.

 

In my previous articles, I have warned over and over again that we would see wild swings in the prices of gold and silver.  For example, ...

Hal's insight:

Click through for the full post.

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

Grandich On Gold: "Fear Has Totally Gripped People---To Try To Explain The Fundamentals Would Be Useless" | Bull Market Thinking

Grandich On Gold: "Fear Has Totally Gripped People---To Try To Explain The Fundamentals Would Be Useless" | Bull Market Thinking | Gold and What Moves it. | Scoop.it

[Tekoa Da Silva] had the chance to reconnect today with Peter Grandich, publisher of The Grandich Letter, for a powerful conversation on the gold market. Peter has issued spot-on market calls for decades now, beginning with the 87′ market crash, gold in 2003, and the stock market bottom in 2009.

 

This morning Peter issued a major new call entitled, “Gold ($1225) Bottom In Sight“, calling for a bottom in gold—likely within the next 48 hours. The thrust of that call is being led by cycles, sentiment, and market manipulation.

 

In discussing his new call, Peter indicated that, “Some [market] technical work came up this morning in a way that I haven’t seen in years…I’m an old fan of ‘Gann Angles’, [and] the combination of that, cycles work, and some sentiment indicators—suggested to me that within a couple of trading days…we would [see] a major bottom in the price [of gold].”

 

That bottom however, will only be capitalized on by a few investors according to Peter, for the reason that, “To try to explain why fundamentally gold makes sense [here] would be useless—like throwing sand in the ocean. We’re at this level where the market is trading now, because fear has totally gripped people that owned[gold]…and to stand there and say, ‘Be calm’, as everybody is running down the street in a total panic would be useless, and that’s what’s happening now…[However], the fact that it’s [happening] like that, means we’re towards the end of the [down] move.” ...

Hal's insight:

Click through for the full interview. MP3 available.

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

Gold: Deja Vu All Over Again?

I live for these moments.

 

When I start getting spam comments that indicate fear (for gold investors) and schadenfreude (for gold permabears), I know that some kind of important turning point is near. These sort of heuristics make my life easier. My roommates can attest that when gold drops in price, my reaction is to do a really quick dance, followed by an enthusiastic cheer. Then I  go back to living my life. People judge others by themselves, so they assume I am feeling the same panic they are. Well what makes me able to buy when no one else has eyes to see is that I don’t get emotional to the point of self-destruction about these things. I connect the dots, but I also know what the hell a dot is in the first place. ...

Hal's insight:

Click through for the rest.

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

Maguire - Massive 580 Tons Of Gold Purchased In Just 7 Days

Maguire - Massive 580 Tons Of Gold Purchased In Just 7 Days | Gold and What Moves it. | Scoop.it

Today whistleblower Andrew Maguire told King World News that Eastern Central banks have purchased a staggering 580 tons of physical gold in just the last 7 trading days.  This was most likely the largest purchase of physical gold during any 7 trading day span in history.  Maguire, who recently appeared in the extraordinary CBC production “The Secret World of Gold,” also discussed the brutal takedown in the gold and silver markets as well as the disappearing inventories in part one of a series of written interviews that will be released today.


Maguire:  “The lower these prices are set in the paper (gold and silver) markets, the stronger the physical buying becomes.  But it’s totally unsustainable.  And given the incredibly bullish COMEX structure now, and the global market underpinning, these paper sales just cannot continue any longer.


Officials have not been selling any physical gold for many months now....


Hal's insight:

Shazam!

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

New EU Plan Will Make Every Bank Account In Europe Vulnerable To Cyprus-Style Wealth Confiscation

New EU Plan Will Make Every Bank Account In Europe Vulnerable To Cyprus-Style Wealth Confiscation | Gold and What Moves it. | Scoop.it

Did you actually believe that they were not going to use the precedent that they set in Cyprus?  On Thursday, EU finance ministers agreed to a shocking new plan that will make every bank account in Europe vulnerable to Cyprus-style bail-ins.  In other words, the wealth confiscation that we just witnessed in Cyprus will now be used as a template for future bank failures all over Europe.  That means that if you have a bank account in Europe, you could wake up some morning and every penny in that account over 100,000 euros could be gone.  That is exactly what happened in Cyprus, and now EU officials plan to do the same thing all over Europe.  For quite a while EU officials insisted that Cyprus was a "special case", but now we see that was a lie.  International outrage over what happened in Cyprus has died down, and now they are pushing forward with what they probably had planned all along.  But why have they chosen this specific moment to implement such a plan?  Are they anticipating that we will see a wave of bank failures soon?  Do they know something that they aren't telling us?

 

Amazingly, this announcement received very little notice in the ...

more...
Scooped by Hal
Scoop.it!

Guest Post: QE, The Gold Price, The Meaning of Words & The Congressional Cycle, by "Argentus Maximus"

Guest Post: QE, The Gold Price, The Meaning of Words & The Congressional Cycle, by "Argentus Maximus" | Gold and What Moves it. | Scoop.it

QE, The Gold Price, The Meaning of Words, and the Congressional Cycle, by "Argentus Maximus"


“When I use a word,” Humpty Dumpty said, in rather a scornful tone, “it means just what I choose it to mean -- neither more nor less.”


“The question is,” said Alice, “whether you can make words mean so many different things.”

Lewis Carroll

 

Paul Volcker said of his tenure at the Fed, and I paraphrase in my own words here, “if I had to do it over again, everything else would be done exactly the same but I would keep a tighter control over the price of gold”.

 

Fast forward a half century and here we are again.  The clock of time has turned and again a great depression is on. The price of gold is suppressed. It is hardly surprising.

 

Let me refer to another gold bear. During the 1998-2000 gold bear market called Brown’s Bottom in the gold price there was a similar time during which the price of gold was manipulated downwards under threats of sale, and eventual actual sale itself of a substantial amount of the Bank of England gold, IMF gold, and sellable gold from anyone else willing to sell and their dog. We are now aware that the banks in the UK were insolvent and were able to cover naked shorts and recapitalize using cheap gold prices brought about by the unfortunate UK Chancellor of the Exchequer. ...

Hal's insight:

Click through for the rest.

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

Notes From Underground: If one wants to buy an out of favor asset, SILVER/GOLD may be a place to trade.

Notes From Underground: If one wants to buy an out of favor asset, SILVER/GOLD may be a place to trade. | Gold and What Moves it. | Scoop.it

If one wants to buy an out of favor asset, SILVER/GOLD may be a place to trade. Do your technicals and see if you can establish a comfortable risk profile for yourself. I am just bringing attention to the fact that while GOLD tumbled silver was dragged down. More importantly, as I noted last night, THE GOLD/YUAN CROSS AT 7150 YUAN TO AN OUNCE OF GOLD MAY PROVIDE A LEVEL FOR THE GOLD TO HOLD. Again, the GOLD/YUAN was at 7150 the day of the IMF gold sale to INDIA on November 2, 2009 and although in U.S. dollar terms the price was $1048, for Chinese buyers the 7150 YUAN level may bear more importance. Just bringing attention to a level that may prove supportive.

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

Gold prices near bottom, set for recovery: Jason Cubitt,Ascenta

Gold prices near bottom, set for recovery: Jason Cubitt,Ascenta | Gold and What Moves it. | Scoop.it

MAURITIUS (Bullion Street): Gold prices may have reached a bottom and is set fo recovery, according to Jason Cubitt, Managing Director, Fund Services at Ascenta Asset Management Ltd said in a note to investors.

He echoed the view of prominent analyst Leon Tuey that bullion markets would correct upwards soon. Gold mining companies are cuttng discretionary spending, reducing exploration spending, and suspending production of higher cost ounces. All of these factors signal a bottom for the yellow metal.

"My belief is that Leon is right. We could soon see much higher bullion prices. What is my thinking on this? The bigger picture is that gold in economic amounts is getting harder ...

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

Even A Pawn Star Knows "Governments Can Screw Up The Currency" | Zero Hedge

Day after day we are force-fed the typical mumbo-jumbo jargon memes from strategists, analysts, and asset-gethering commission-takers. Today we get a breath of fresh air from, arguably, the man on the street - whose perspective seems very prescient.
Hal's insight:

I spoke today with a manager of a pawn store. He was at the same automechanic shop I was at and we had a pleasant chat.

 

We got into the a converstation because he was talking about how he had to drive a long distance to get to work and he and his wife where having to share her car because his had a majore computer failure.

 

It was then that I asked him where he worked and found out he managed a pawn shop for a store chain with about four or five locations.

 

In our conversation he told me that the store chain had just let go of the jewelers positions becaues they are not getting a lot of customers bringing in gold and silver jewelry for them to clean and fix, etc. because there is a shortage of it in the market. So what was coming into the stores was being turned right to scrap.

 

One little piece of info that stuck out was that he said a fair amount of the jewelry that would come into the stores was being sold overseas where it was melted down. This is where I couldn't help but think about China.

 

Another bit of info was that while jewelry was down what was up in a big way was people pawning regular household items and gadgets.

 

To me folks, this spoke volumes.

 

There is a sea change afoot and a huge transfer of wealth to the East has already taken place.

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

Available Gold Supply Disappearing As Gold Price Plunges

Available Gold Supply Disappearing As Gold Price Plunges | Gold and What Moves it. | Scoop.it

With gold breaking the $1,200 level, today a legend in the business warned King World News that continued manipulation by Western governments in the gold market is now destroying future gold supply.  Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also warned KWN that available physical supplies of gold are disappearing as the plunge in the gold price intensifies to the downside.


Barron:  “ETFs continue to be stripped of gold and the bullion banks continue selling the gold overseas when they can arbitrage the price.  So investors just need to sit tight and ride this out because available physical supplies of gold are dwindling rapidly....

Hal's insight:

Click through for the rest of the interview. 

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

Jesse's Café Américain: Stand and Deliver: How Germany Disrupted the World's Gold Market

Jesse's Café Américain: Stand and Deliver: How Germany Disrupted the World's Gold Market | Gold and What Moves it. | Scoop.it

Someone asked, 'why would there be a desire to do a stealth confiscation of gold from the public holdings in ETFs and private stores through price manipulation?' Who could have been assigned the task of prying bullion out of the hands of the people, and for what conceivable reason? It appears to be happening, but why?

There are any number of possible reasons. Concerns that an innovative new round of QE and money creation might create a run on the gold price is one possibility. There should be little doubt in those who look into the evidence that central bankers are quite sensitive to gold and silver as alternative currencies and reflections of their own policy initiatives.

And that is quite possible. As I have pointed out, there is some precedent for it. In 1933 Franklin Roosevelt pulled back much of the publicly held gold in the US. And after this was done, the government revalued the gold from $20 to $35 overnight, and then used the gains to recapitalize the banking system.

Although this could happen again, it does not seem likely because it flies in the face of everything the central bank has achieved by putting the US on a purely fiat money regime, the last gold ties being severed by Nixon in the 1970s. They prefer to denigrate gold, even though they still hold it, and certainly speak about it quite a bit often through their intermediaries.

There is definitely a movement to revisit the Bretton Woods Agreement that ...

Hal's insight:

Click through for the rest.

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

Secrets and Lies

Secrets and Lies | Gold and What Moves it. | Scoop.it
Author of THE DEBT GENERATION

 

Every credit has its debit, every positive its negative. So for every secret there must be a lie, and every lie must be kept secret.

 

This is the currency of power today. Fiat truth.

 

We are not allowed to have any secrets any more.  And yet those who insist they must know the truth about us, who spy upon us to extract our secrets, tell us. in return, only lies.

 

It is a dangerous, corroding imbalance of power, because lies, like debts, compound.


Living the lie

 

We all know the famous Goebbels quote,

 

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.

 

From Sadam’s weapons of mass destruction and missiles that could hit us in just 40 minutes of sexed up bullshit, to the stress tests that show us every bank is perfectly solvent and however many billions they launder they are never guilty and no one goes to goal because they are too big to fail and too connected to even question. ....

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

The Golden Truth: The Precious Metals Sector

The Golden Truth: The Precious Metals Sector | Gold and What Moves it. | Scoop.it

It might help to put what's going on right now into context.   The entire sector is in a massive price correction that is almost a mirror image of the one in 2008.  The percentage drops for gold, silver and the HUI top to bottom are almost identical to the percentage drop of each in 2008.

Whether or not this is the bottom is anyone's best guess.  But when this sector turns around, all hell will break loose on the upside.  The BIG difference between now and 2008 is that now, individuals are buying aggressively physical gold and silver bullion coins on every price drop.  Back then all individual/retail buyers of gold/silver disappeared for quite some time.  An even bigger difference is that China is now buying an amount of gold that is equal to the global monthly mining output.  Back then China was not really a factor.  When this turns, the physical shortages that are developing and will become apparent will shock most people.

What makes this whole a ordeal a complete joke is that the reason given for gold's demise is the end of QE.  Well, how come the stock market keeps going higher?  QE has created an absolute monster of a bubble in the stock and housing markets.  It will end badly. ...

Hal's insight:

Click through for the rest of the piece. It's short.

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

The reasons to hold physical precious metal.

The reasons to hold physical precious metal. | Gold and What Moves it. | Scoop.it

I mention this not because I'm trying to be philosophic. I do so as a reminder of The Big Picture. Below are the reasons I hold physical precious metal:

Physical gold and silver are my "monetary insurance" against the eventual collapse of the current global, fiat money economic economic scheme.Physical gold and silver will provide me a tool for barter should some type of natural or man-made disaster render paper money useless or unavailable.Physical gold and silver are stores of wealth and true money, recognized as such for millenia before the current system arose and they will be recognized as such after the current system fails.

With this as my mental basis, why on earth would I be selling now?  ...

Hal's insight:

Click through for the full post.

more...
No comment yet.