Gold and What Moves it.
84.3K views | +6 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!

So Much For The Stability Of The Centrally-Banked "Fiat" Era | Zero Hedge

So Much For The Stability Of The Centrally-Banked "Fiat" Era | Zero Hedge | Gold and What Moves it. | Scoop.it

According to some economist PhDs, the end of the gold standard era marked by the arrival of the Federal Reserve one century ago ushered in the era of stability, prosperity and virtually unlimited growth (just ignore the two world wars and millions of casualties immediately following). While that is an amusing way of describing a financial system that is now daily on the brink of a financial apocalypse courtesy of a few good central banks propping up a $1 quadrillion house of derivatives cards, whose collapse would mean an immediate "game over", and where (rapidly evaporating) confidence in a failing status quo, must be preserved at all costs, the question of post-Fed induced stability is an interesting one, especially when measured in terms of intangible value (in this case the most basic of indicators - the Dow Jones), compared to thousands of years of a real tangible, store of wealth: gold. In the chart below, courtesy ofCambridge House, we ask readers: in which period was there a more stable relationship between tangible and intangible values, and a less exuberant irrationality vis-a-vis that which is purely based on confidence, if not so much reality. ...

Hal's insight:

Click over for the full post and great charts.

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

Silver – Keep It Simple - Expect $100 Silver Relatively Soon

Silver – Keep It Simple - Expect $100 Silver Relatively Soon | Gold and What Moves it. | Scoop.it

Begin the analysis in 1971 when Nixon dropped the link between the dollar and gold. A pack of Marlboros cost (depending on local taxes) about $0.39. We paid about $0.36 for a gallon of gasoline. The DOW Index was about 850. Silver was priced at about $1.39.

 

Times have changed! Read Part 1 of Silver – Keep It Simple. Today we have more currency in circulation, far more debt, and much higher prices – what does it mean?

 

Examine Graph 1. The prices for retail cigarettes, crude oil, national debt, silver, and the true money supply (TMS) (see notes at end) are shown on a log scale graph with all prices normalized to start at 1.0 in 1971. ...

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

The Golden Truth: It Happens Two Ways: Gradually, Then Suddenly

The Golden Truth: It Happens Two Ways: Gradually, Then Suddenly | Gold and What Moves it. | Scoop.it

By Dave in Denver:

 

The common delusion held by most people with whom I chat about this country's economic and fiscal problems is that "it can't happen here."  I've been trying to decide if this view is borne from childish naivete, motivated denial or intentional ignorance.  Quite frankly, it actually depends on the particular circumstances of each individual but the common denominator is "the Fed/Govt will take care of us."

Those are famous last words.  For those of you who like to see at least a possible explanation for what's really happening behind the curtain that's been collusively pulled over our system by DC and Wall Street, you would be served well to watch the less than 7 minute video below which compares the U.S. now with the German Wiemar period of the early 1920's. ...

Hal's insight:

Click through for the rest and a video.

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

This Will Signal The Final Collapse & End Game Has Started

This Will Signal The Final Collapse & End Game Has Started | Gold and What Moves it. | Scoop.it

Today John Embry spoke with King World News about what will signal to investors that the final collapse and end game is upon us.  Below is what Embry, chief investment strategist at Sprott Asset Management, had to say:


“I think the US stock market is building a massive rounded top, and when it finally buckles it will probably be the start of the end game.  The volume keeps declining as the markets rise.  This is not a good pattern when viewed from a historical context.

 

So the whole situation we find ourselves in makes me very uncomfortable.  The mainstream media continues with its propaganda in order to mislead people regarding the true state of the economy.  At the same time the markets keep being propped up by the Fed, and gold and silver are being wildly suppressed.

 

The suppression of the metals is taking place to keep people believing everything is fine....


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

Caterpillar lays off 40 pct of its South Milwaukee factory workers | MINING.com

Caterpillar lays off 40 pct of its South Milwaukee factory workers | MINING.com | Gold and What Moves it. | Scoop.it
Contract talks with the United Steelworkers Union start on Tuesday

 

by Micahel Allan McCrae:

 

Caterpillar is laying off 250 to 300 workers at its south Milwaukee plant, its heavy equipment production line it acquired from Bucyrus.

 

Management cited slow sales as the reason for the cuts. The announcement was made March 28, just before the Easter long weekend.

 

The cuts kick off Caterpillar's contract talks with the United Steelworkers Union, which represents the 800 workers at the South Milwaukee plant, that are set to begin Tuesday.

 

Rusty Dann, a Caterpillar spokesperson, told WISN 12 News that the that some of the cuts will be short-term. ...

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

Gold Vs. S&P 500: Where Is the Value?

Gold Vs. S&P 500: Where Is the Value? | Gold and What Moves it. | Scoop.it
When one considers the fundamental backdrop for gold versus the S&P 500 Index, it should be clear which asset is offering the most value at current price levels.

 

This past week we received the final fourth quarter GDP number which came in at 0.39%. The total fourth quarter growth was terrible, plain and simple. Based on the performance in the equity markets that we have seen thus far in the first quarter of 2013 investors would expect strong GDP growth. However, the only thing spurring stock market growth is the constant humming of Ben Bernanke’s printing press.

The real economy and the stock market are no longer strongly correlated. Essentially, they are meaningless. How do you evaluate risk when Treasury-linked interest rates are artificially being held down by the Federal Reserve? How do you evaluate earnings growth estimates when most government-based statistics are manipulated or “smoothed” to perfection?

My final argument to anyone who is a true believer that the stock market is representative of the economy is a very simple premise. If the stock market is the economy, how does the stock market evaluate ...

Read more: http://www.minyanville.com/sectors/precious-metals/articles/Gold-Vs-S2526P-500253A-Where-Is/4/1/2013/id/48989?page=full#ixzz2PEbxRRia

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

QUICK FACTS: Gold ETFs, the people's central bank | MINING.com

Only two countries, the US and Germany, hold more bullion than gold-backed ETF investors.

 

Gold exchange traded products (ETPs), more commonly referred to as ETFs or exchange traded funds, have utterly changed the market in gold over the last decade.

 

Many market observers give much credit to ETFs for gold's uninterrupted 12-year bull run, because ETFs make it so easy to invest in the yellow metal.

 

The popularity of the instrument also has a downside. ETFs have added to the volatility in the price of gold and ETFs have sucked up the investor cash that was going into gold mining stocks, leaving the sector undervalued and underfunded. ...

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

Cyprus Changed Everything, How To Safeguard Your Money

Cyprus Changed Everything, How To Safeguard Your Money | Gold and What Moves it. | Scoop.it

Below is Fitzwilson’s exclusive piece for KWN:

 

“A phrase which many of us are familiar with and often use is “Taking Money Off Of The Table”.  It is first and foremost a gambling reference, but it is generally used to describe a reduction of risk.  People have viewed “going to cash” or pulling out of the investment markets as a way to not be “invested” in order to achieve a reduction in volatility and market-related risk.  

 

It has also been seen as a way to avoid business and solvency risks specific to an issuer of various forms of stock and fixed income.  Preferred stock has been considered to be safer than straight equity.  More like a bond.  Notes and bonds were often high on the pecking order in case the issuer ran into trouble or was even being liquidated.

 

We found out with the Cyprus Crisis that taking money off of the table is no longer the safe and secure alternative to being in the investment markets ...

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

Free Real Time Gold Prices widget ExactPrice by Lear Capital

Free Real Time Gold Prices widget ExactPrice by Lear Capital | Gold and What Moves it. | Scoop.it

Be a savvy investor! Stay abreast of real-time gold prices and minute by minute movements in the gold bullion market with ExactPrice. ExactPrice is FREE tool for real time precious metals pricing that can be viewed online, downloaded to your desktop, published to your website, posted to your blog, shared via your social network, and even viewed on your mobile.


http://www.learcapital.com/exactprice

Hal's insight:

Click through for the widget for your desktop or mobile smart phone.

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

Silver Bullion Coin Sales Heading for Record Highs In 2013

Silver Bullion Coin Sales Heading for Record Highs In 2013 | Gold and What Moves it. | Scoop.it

Sales of the American Eagle silver bullion coins soared in March, continuing a trend of record breaking sales that has been in force for the past five years.

Prior to the financial crisis, sales of the one ounce American silver eagles averaged about 10 million coins per year.  The near collapse of the financial system in 2008 raised profound questions about the integrity of the financial system and the rush to precious metals was on.  Since 2008, annual sales of the American Eagle silver bullion coins have soared with average annual sales of over 31 million coins.

According to the U.S. Mint, sales of the American Eagle silver bullion coins totaled 3,356,500 ounces in March, up 32% from comparable sales of 2,542,000 ounces during March 2012.   Total sales of 14,223,000 ounces through March 31, 2013 soared by 40.3% over the comparable prior year period. ...

http://economicsignsofthetimes.blogspot.com

Hal's insight:

Click through for the chart and the rest of the data.

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

Mosher: The Impact On Commodity Prices Will Be Horrific---Setting Up Potential Shortages | Bull Market Thinking

Mosher: The Impact On Commodity Prices Will Be Horrific---Setting Up Potential Shortages | Bull Market Thinking | Gold and What Moves it. | Scoop.it

Tekoa Da Silva

 

I had the opportunity this week to connect with Don Mosher of B&D Capital Partners in Vancouver. For decades Don has helped finance the junior resource exploration market, and has been a key player in raising over $120 million in venture funds over the years.

 

It was an interesting conversation as Don has recently co-founded an organization representing Canada’s venture industry, called the Venture Funding Crisis Committee (VFCC), with the aim of “improving the ability of venture companies to finance their activities.”

 

According to Don, the ability to efficiently raise capital is becoming harder and harder in Canada due to excessive regulations. The ultimate destination he explained, may be an environment of horrifically higher commodity prices and potential shortages.

 

Starting with the evolution of Canadian resource exploration, Don explained ...

Hal's insight:

Click through for the full interview.

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

Gold bugs hoping for some Spring sunshine

Gold bugs hoping for some Spring sunshine | Gold and What Moves it. | Scoop.it
Gold continued to trade in a narrow range once again yesterday, with the April gold futures contract closing marginally lower and ending the gold trading session with a narrow spread down candle, c...
Hal's insight:

Click through for the rest of Anna's analysis and charts.

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

India Gold ETF returns not so good for investors

As per the data, for those who invested in Gold Exchange Traded Funds as a hedge against inflation or to benefit from rising gold prices, the returns were not great after all.

 

NEW DELHI(BullionStreet): India's efforts to promote paper gold products such as Gold ETF's could suffer setbacks after data showed returns from these funds were not great at all for investors.

 

According to data compiled by country's National Stock Exchange (NSE), based on the last traded prices of the 13 Gold ETFs on March 28, 2013, the returns ranged from 3.25 per cent to 5.56 per cent over one year.

 

As per the data, for those who invested in Gold Exchange Traded Funds as a hedge against inflation or to benefit from rising gold prices, the returns were not great after all. ...

Hal's insight:

Go figure. Paper gold not returning a great value... Hmmm.... Paper gold... Hmmm. Yeah. That makes sense (snark alert).

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

Gold and Silver; Disappointing!

Gold and Silver; Disappointing! | Gold and What Moves it. | Scoop.it

By Robert Jillies
Cyprus banks have re-opened for business after truckloads of Euros replenish the ATMs. There was no disorder or stampede of large crowd, but a rather orderly queue as they get on with their everyday lives. The media seems to have overplayed the severity of a possible unrest. Given how calm the queue is, gold lost some of its allure as safe haven. Asian stock market resumes higher, alongside with European and American stock market. Losses made yesterday reversed and the Dow industrial index and S & P 500 continue to rally and set sight for a new all-time high.

The strong US dollar index continues to impose restriction on higher gold prices. The index rose to as high as 83.39 and maintains a strong footing above 83.00. It is becoming more apparent that the inflow of money to US dollar index (as safe haven bids) but also on US equities is purely because of investor’s perception. They perceive that only the US economy is on a path of recovery and it is the only place where a return on their investment can be made compared to Europe and Asia.

However, we do not think that this process is necessarily healthy or permanent. ...

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

The Great Disconnect Between Paper & Physical Silver

The Great Disconnect Between Paper & Physical Silver | Gold and What Moves it. | Scoop.it

This article proves how paper silver (i.e. silver futures market) has been able to cap the silver price despite exceptional strength in the physical silver market. The first quarter of 2013 revealed this great disconnect based on publicly available data. Besides, silver expert Ted Butler calculates an historic concentration of short positions by JP Morgan allowing the bank to control the silver price.

Silver started the first quarter at $30.45 per ounce (Jan 2nd 2013) and closed more than $2 lower at $28.30 per ounce (March 29th). During the same time period, investment demand for physical silver was historically strong and all data pointed to accumulation by investors. This evolution asks for an explanation; the answer lies in the paper silver market.

Physical silver (bullish): investors have accumulated at a record pace

In order to get an idea of the physical silver market, we use (1) the physical holdings of all silver ETF’s combined together with (2) US Mint sales of Silver Eagles. Those are leading indicators when it comes to investment demand for physical silver. ...

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

RON PAUL STILL FIRING AWAY AT THE TRUE ENEMY « The Burning Platform

By Ron Paul

The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot banks invested heavily in Greek sovereign debt, and last summer’s Greek debt restructuring resulted in losses equivalent to more than 25 percent of Cyprus’ GDP. These banks then took their bad investments to the government, demanding a bailout from an already beleaguered Cypriot treasury.  The government of Cyprus then turned to the European Union (EU) for a bailout.

 

The terms insisted upon by the troika (European Commission, European Central Bank, International Monetary Fund) before funding the bailout were nothing short of highway robbery. While bank depositors have traditionally been protected in the event of bankruptcy or liquidation, the troika insisted that all bank depositors pay a tax of between 6.75 and 10 percent of their total deposits to help fund the bailout.

 

While one can sympathize with EU taxpayers not wanting to fund yet another bailout of a poorly-managed banking system, forcing the Cypriot people to pay for the foolish risks taken by their government and bankers is also criminal. In their desire to punish a “tax haven” catering supposedly to Russian oligarchs, the EU elites ensured that ordinary citizens would suffer just as much as foreign depositors. Imagine the reaction if in September 2008, the US government had financed its $700 billion bank bailout by directly looting American taxpayers’ bank accounts!

 

While the Cypriot parliament rejected that first proposal, they will have no say in the final proposal delivered by the EU and IMF: deposits over 100,000 euros are likely to see losses of at least 40 percent and possibly as much as 80 percent. “Temporary” capital controls that were supposed to last for days will now last at least a month and might remain in effect for years.

Especially affected have been the elderly, who were unable to use ATMs or to transfer money electronically. Despite the fact that ATMs severely limited the size ...

Hal's insight:

Click over for the rest of the article.

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

Greater Fool's Day

Greater Fool's Day | Gold and What Moves it. | Scoop.it

Usually, the "Greater Fool Theory" applies to fools chasing the momentum of a hot stock. They bid it up, hoping to unload it onto a "greater fool" at a higher price, sometime in the near future. This same process is currently playing out again though, in this case, the fools are short and the instrument is silver.

 

I cannot stress strongly enough the unprecedented quality of what we are seeing. Nearly two months ago, on February 5, the price of silver closed at $31.94. On that day, a Commitment of Traders survey was taken and it showed that the Large Speculator (managed money, hedge funds, HFTs) category was:

 

Long 42,449 contracts AND

Short 6,588 contracts.

 

This gave us an unusually high and bearish LSpec net long ratio of 6.44:1.

So here we are, seven weeks later, and a new CoT was released back on Friday. With price last Tuesday night at $28.68, the new Large Speculator breakdown was:

 

Long 37,548 contracts AND

Short 26,144 contracts.

 

Immediately, you should notice three things:

 

...

Hal's insight:

Click over for the full piece. Worth a read. 

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

oftwominds-Charles Hugh Smith: Bernanke Breaks Down: "This Whole Thing Is a Kleptocracy"

oftwominds-Charles Hugh Smith: Bernanke Breaks Down: "This Whole Thing Is a Kleptocracy" | Gold and What Moves it. | Scoop.it

Our April Fool's wish: someone in the inner circle of power would finally tell the truth.


In an unprecedented abandonment of his carefully scripted responses to Congressional questions, Federal Reserve Chairman Ben Bernanke unleashed what appeared to be a heart-felt and spontaneous disavowal of the financial and political systems of the United States.
Asked a question about the wealth effect, Bernanke paused and said, "The wealth effect. Ah, right." He then smiled faintly and shook his head. "You want to know about the wealth effect? Well, I'll be candid with you. This whole thing is a kleptocracy--the financial system, the political system, it's one big kleptocracy. That's the real wealth effect."
Seeming to find his footing, Bernanke continued with a passion that startled the audience. "You know, I told myself to just repeat the party line for another year so I could step down quietly and let Yellen or another of the toadies take over, but I realized that I can no longer stomach the lies, the obfuscation and the plundering." "Yes, I have a plum position lined up at Goldman Sachs after my retirement. You know, give a few speeches and pocket a couple of million dollars, but I am tired of the dirtiness of all this money."Leaning into the microphone, Bernanke asked ...
Hal's insight:

Click through for the rest.

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

BRICS dumping euro amid simmering EU banking crisis — RT Business

BRICS dumping euro amid simmering EU banking crisis — RT Business | Gold and What Moves it. | Scoop.it

Brussels has been forced to eat a generous slice of humble pie: A massive sell-off of the euro is underway in the wake of a persistent financial crisis, as holdings in the European currency by emerging economies were slashed by almost 8 percent last year.

 

Emerging economies – including Brazil, Russia, India, China and South Africa (BRICS) – are dumping the euro, having sold €45 billion of the currency in 2012, according to data gathered by the International Monetary Fund.

 

The euro represents just 24 percent of their reserves, the lowest level since 2002 – the year when euro coins and banknotes first entered circulation – and down from a peak of 31 percent in 2009. At the same time, the euro's share of total global reserves has also fallen. This change of fortune for the euro is blamed on several factors, including sovereign debt crises and rapid growth by BRICS nations. ...

more...
Jared Broker's curator insight, September 18, 2013 11:20 PM

The rebalancing is swinging away from Western control.  Very interesting times!

Scooped by Hal
Scoop.it!

Reports on Cyprus are more the imagination of the reporters « Jim Sinclair's Mineset

Jim Sinclair writes:


Dear CIGAs,


Reports on Cyprus are more the imagination of the reporters

 

I believe Cyprus is the defining moment whereby the physical market for gold overtakes the paper market for gold as the arbiter of price. When that occurred in 1979 the price of gold began its move to seek its maximum valuation.

 

Every article written on Cyprus carries the statement of huge percentages to be lost by depositors carefully using the words may, could, or some similar disclaimer. The published statement by the Dutch Minister of Finance who is captain of this initiative was that there would be no particulars until mid April. Simply put, the official EU statement set out broad goals without any specifics. This means that nothing has yet happened in Cyprus to a major deposit holder other than their inability now to access whatever funds they have left in their accounts.

 

Lets look at how a bank fails. We need to remember that this is a tax haven. Normally in a tax haven the depositors are hostages as they are usually unlikely to make a public legal claim for their secret funds. Management in a tax haven historically feel they had more leeway in how they might conduct themselves compared to a regulated entity in the USA, EU, GB, Switzerland or elsewhere. Deposits are looked at as the means for making banks money in many dicier ways than generally accepted. The entire worldwide banking system from 1991 to 2009 gambled in OTC derivatives as well as every market everywhere with disastrous results industry wide. It is reasonable to assume that the banks in Cyprus, like other banks elsewhere, lost their capital and beyond. That means the accounts held above the insurance level have already been significantly reduced by the losses the banks took in all areas of their business. The bank statements to their depositors have been cartoons. Up until now the bank rescues have made the depositors ...

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

In Daily Reckoning interview, Sprott notes central banks' deceptive accounting of gold | Gold Anti-Trust Action Committee

In Daily Reckoning interview, Sprott notes central banks' deceptive accounting of gold | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

Interviewed by Alex Cowie of The Daily Reckoning's Australian edition last week during the Mines and Money conference in Hong Kong, Sprott Asset Management Chairman Eric Sprott stressed the deceptiveness of central bank gold accounting, particularly the failure to distinguish gold in the vault from gold that has been swapped or leased into the market. This misleading accounting, Sprott says, is masking high demand for real metal around the world.

 

Sprott adds: "When Venezuela devalued by 40 percent, if the citizens had owned gold they would have lost nothing. When Iceland devalued, if the residents had owned gold they wouldn't have lost 60 percent of their money. I don't know how many more countries it takes to have these events happen to until the world finally clicks in to realising it's better to own gold than it is to have a bank deposit." ...

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

Australia and China plan to trade directly in their own currencies | Gold Anti-Trust Action Committee

Australia and China plan to trade directly in their own currencies | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

A currency deal enabling the Australian dollar to be converted directly into Chinese yuan, slashing costs for thousands of businesses, is set to be the centrepiece of [Prime Minister] Julia Gillard's mission to China next weekend.

 

Australia would become the third country, after the United States and Japan, to secure such an arrangement from China, which is Australia's top trading partner, with exports and imports totalling $120 billion last financial year.

 

At present, companies doing business with China must pay the added cost of converting their Australian dollars into U.S. dollars or yen and then into yuan. ...

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

Clarke and Dawe - Slight problem with the Cypriot Banking System

"Luka Busy. Advisor to the European Central Bank" Originally aired on ABC TV: 28/03/2013 http://www.mrjohnclarke.com http://www.twitter.com/mrjohnclarke http...
Hal's insight:

I love these guys. thanks to http://economicsignsofthetimes.blogspot.com for the hat tip.

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

Iran's Gold trade with Turkey back on track

According to reports, Turkey exports $120 million worth of gold in February after a self imposed moratorium in January.

 

ANKARA(BullionStreet): Circumventing all sanctions,Iran and Turkey continued their gold trade and made $120 million worth deal in February.

 

According to reports, Turkey exports $120 million worth of gold in February after a self imposed moratorium in January.

 

Analysts said acute shortage of gas prompted Turkey to resume gold exports to Iran. Turkey, Iran's biggest natural gas customer, has been paying Iran for energy imports with Turkish lira, because sanctions prevent it from paying in dollars or euros.

 

Turkey is a heavy energy user. And the country they depend upon for gas imports ...

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

Currency Wars For Dummies | Zero Hedge

Currency Wars For Dummies | Zero Hedge | Gold and What Moves it. | Scoop.it
When it comes to global currency warfare, one can read countless books (all of which professing to be the definitive reference guide for a process that started in the...
Hal's insight:

Nice chart. Click over for the full size.

more...
No comment yet.