Gold and What Mov...
Follow
76.7K views | +14 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!

What Volume Tells Us about Gold Stocks - Casey Research

What Volume Tells Us about Gold Stocks - Casey Research | Gold and What Moves it. | Scoop.it

by Jeff Clark:

 

"I've read articles from more than one analyst claiming that gold stocks are down on low volume, implying there's a lack of interest in precious metals. While on the surface that seems like an obvious statement, their point is that most of the recent volume has been coming from sellers and thus exaggerating the recent decline.

 

"I decided to test this hypothesis, because if correct, it has investment implications, starting with the fact that at some point you run out of sellers; and if and when buyers return, the ensuing rise could be spectacular.

 

"I also wanted to compare volume now to the waterfall decline in 2008. If volume is starting to spike now like it did then, it might give us some additional clues about our current environment and what to expect going forward..."

 

click over for the rest of the analysis.

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

Silver a great business to be in for the next 50 years at least

by Geoff Candy:

 

"Speaking on Mineweb's Metals Weekly podcast, Baker said the silver market today can best be compared to where it was 100 years ago, when photographic demand was just beginning to grow.
"Hecla has been a silver mining company for 120 years - it was a great business to be in until the early 1980s and it was a terrible business to be in for the next 20 years. We're now back in a phase where it will be a great business to be in for the next 50 years at least."


"According to Baker, the reasons for this prediction are two-fold. The first is that silver's unique properties mean that its uses in various forms of technology are growing significantly..."

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

Trader Dan's Market Views: China flips the Finger to Wall Street

Trader Dan's Market Views: China flips the Finger to Wall Street | Gold and What Moves it. | Scoop.it

Trader Dan on the China US Treasury news:

 

"...My guess is that the Chinese were sick and tired of being front-run by these unscrupulous banks and issued a stern but quiet demand to either allow them to go this route, OR ELSE!

 

"This further underscores the fact of the growing economic clout of China and just how utterly dependent our nation has become on its funding of our outrageous and downright contemptible indebtedness..."

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

Gold bushwhacks bears Peter Brimelow

Gold bushwhacks bears Peter Brimelow | Gold and What Moves it. | Scoop.it

by Peter Brimelow:

 

"...The far-sighted Australian bullion commentary The Privateer thinks something really significant has happened.

 

"This weekend it observed: “What is interesting about the snap-back this week — in both the physical and paper forms of gold, including gold stocks — is that gold has once again started to rise, while other asset markets (especially stock markets) are still falling.”

 

"Another positive voice, from an unusual source, is veteran gold analyst Frank Veneroso.

 

"As I noted during last Christmas’ gold gap-down, Veneroso earned an important place in gold-market history for conceptualizing, in the 1990s, the importance of Eastern physical demand to the gold price, then a new factor. But for several years he had dismayed gold bugs by ignoring the metal..."

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

Exclusive: U.S. lets China bypass Wall Street for Treasury orders

Exclusive: U.S. lets China bypass Wall Street for Treasury orders | Gold and What Moves it. | Scoop.it
NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S.

 

ROFL

 

What's Chinese for, "Yes, master."

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

18 Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse

18 Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse | Gold and What Moves it. | Scoop.it
With each passing day, the banking crisis in Europe escalates.  European banks are having their credit ratings downgraded in waves, bond yields are soaring and...

 

#1 Moody's has announced that it has downgraded the credit ratings of 16 Spanish banks. Included was Banco Santander, the largest bank in the eurozone.

 

#2 Shares of the fourth largest bank in Spain, Bankia, dropped 14 percent on Thursday.

 

#3 Overall, shares of Bankia have declined by 61 percent since last July.

 

#4 Shares of the largest bank in Italy, Unicredit, dropped by about 6 percent on Thursday.

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

oftwominds-Charles Hugh Smith: We Have Reached Peak Government

oftwominds-Charles Hugh Smith: We Have Reached Peak Government | Gold and What Moves it. | Scoop.it

by Charles Hugh Smith:

 

"...Most informed people are familiar with the concept of Peak Oil, but fewer are aware that we’re also entering the era of Peak Government. The central misconception of Peak Oil -- that it’s not about “running out of oil,” it’s about running out of cheap, easy-to-access oil -- can also be applied to Peak Government: It’s not about government disappearing, it’s about government shrinking.

 

"Central government -- the Central State -- has been in the expansion mode for so long that the process of contracting government is completely alien to the nation, to those who work for the State, and to those who are dependent on the State. Thus we have little recent historical experience of Peak Government and few if any conceptual guideposts to help us understand this contraction.

 

"Peak Government is not a reflection of government services or the millions of individuals who work in government; it is a reflection of four key systemic forces that drove State expansion are now either declining or reversing.

 

"The Four Key Drivers of State Expansion..."

 

Click through for the rest. And would say that you should consider buying Mr. Smith's book.

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

Gold Remains in a Long Term Uptrend! | David Chapman | Safehaven.com

Gold Remains in a Long Term Uptrend! | David Chapman | Safehaven.com | Gold and What Moves it. | Scoop.it

by David Chapman:

 

"...Whenever a crisis arrives the rush appears to be into US$ but once the crisis abates or lessens the euro tends to strengthen. But will that trend continue? Somehow there is a belief that if there is a financial crisis one should buy US$ and US Treasuries and dump gold, with gold being viewed as the more risky asset. Of course that doesn't make any sense but it is what is happening. The same thing appears to be happening again as the current financial crisis hits Europe this time.


"However, not everyone thinks that way. What is getting sold during the crisis is paper gold (futures and other derivatives) and not physical gold. Because the paper gold market is so much larger than the physical market, it tends to overrun the physical market. But even as it has been doing so, there has been strong evidence that physical gold is being purchased. According to SEC filings George Soros has significantly increased his shares in the SPDR Gold Trust (GLD-NYSE), quadrupling his holdings in the first quarter of 2012..."

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

Jump in Gold as France Refutes EU Pact, Portuguese Contingency Rumored, Chinese Demand Overtakes India | The Daily Gold

Jump in Gold as France Refutes EU Pact, Portuguese Contingency Rumored, Chinese Demand Overtakes India | The Daily Gold | Gold and What Moves it. | Scoop.it

by the Adrian Ash:

 

"...Commeting on gold’s 20% drop from last summr’s all-time highs, “I believe gold will become a haven again, especially if you see fragmentation in the Eurozone,” said the World Gold Council’s Marcus Grubb to Bloomberg TV this morning, launching market-development group’s latest Gold Demand Trends report.

 

“Because then you’re going to get currency depreciation, you may get inflation in some countries, deflation in others…and you’ll see gold’s attributes as a hedge come to the fore.”

 

"In the first quarter of 2012, global gold investment demand rose 13% by weight and 38% by Dollar value from the Jan-March period last year, says the report. In the jewelry sector, “Gold is underpined now by two large markets and China is playing catch up to India,” says Grubb, also speaking to Reuters this morning.

 

“Per capita gramme consumption rates are rising in China...”

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

Jesse's Café Américain: Chris Powell Answers Doug Casey's Questions About Gold Manipulation

Jesse's Café Américain: Chris Powell Answers Doug Casey's Questions About Gold Manipulation | Gold and What Moves it. | Scoop.it

"I had read Casey's piece, but quickly lost interest in it at the argument that the 'gold market is so big' it cannot be manipulated by the poor weak central banks and their surrounding commercial banks who are practically bankrupt.

 

"If someone is a value sophisticate in a segment of the market, but does not understand and have concern for the power of the Federal Reserve and its associated banks being able to print money at will, then it is probably good advice to stick what you do know, and leave the economics for someone else. The saying that control of the money supply is a powerful tool has been around so long that it has become proverbial.

 

"As for the size of the gold market, it is tiny relative to the financial markets. Consider the enormous size of the international currency markets. Or the bond markets. Do the central banks manipulate them? Did Citi not get caught blatantly shoving Euro bond prices a few year ago? Of course they did. They just don't get caught at it unless they get clumsy.

 

"Prices in a market are set at the margin or 'on the float' in the day to day trade. All a large trader or group of traders has to do is manage that margin and the market will follow. If one looks at the amount of daily trading done on the LBMA in daily volume relative to the amount of physical gold changing hands, the answer is fairly glaring..."

 

click over for the rest. It's worth it.

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

HP’s Whitman to Announce Restructuring Plan Wednesday; 30,000 Jobs Targeted

HP’s Whitman to Announce Restructuring Plan Wednesday; 30,000 Jobs Targeted | Gold and What Moves it. | Scoop.it
The plan is simple: Cut here, reinvest there.

 

by Arik Hesseldaahl:

 

"The daunting task of restructuring Hewlett-Packard will begin in earnest next Wednesday when the company reports its quarterly earnings. Sources familiar with the company’s plans say that CEO Meg Whitman will discuss the opening steps of a company-wide restructuring plan that will include the elimination of about 30,000 jobs.


"A report by Business Insider yesterday pegged the range of cuts at HP to between 10 percent and 15 percent of its current work force of 320,000 people. But sources familiar with HP’s plans tell AllThingsD that the cuts will be carried out over a relatively long period of time, perhaps a year or more. A report by Bloomberg News out minutes ago puts the target at 25,000. The exact number of cuts, one source told me, is still considered a “moving target” and could grow or shrink..."

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

India Announces Austerity Measures

India Announces Austerity Measures | Gold and What Moves it. | Scoop.it

by Sreeja Vn:

 

"India Friday announced a set of austerity measures in a desperate attempt to prop up economy and to instill investor confidence.

 

"According to the new guidelines announced by Finance Minister Pranab Mukherjee, there will be a clamp down on government expenditure. The measures include total ban on vehicle purchase by the government, curbs on conducting workshops and seminars in five star hotels with state funds and restrictions on foreign trips by officials.

 

"The measures have come as the government is struggling to control the country's widening fiscal and current deficit amid a volatile rupee that has touched a record low against the dollar and weak markets.

 

"The overall economic sentiment remains damp as inflation has been increasing steadily while investments have dropped. The euro zone crisis and the global economic slowdown also have dragged the Indian economy down..."

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

Paper gold & silver Ponzi exposed - Technical analysis

Paper gold & silver Ponzi exposed - Technical analysis | Gold and What Moves it. | Scoop.it

Anyone watching the gold and silver market understands that something is not right. An objective look at the fundamentals suggests that there seems to be no substance behind the recent downwards move.

 

by Brett Heath:

ORANGE COUNTY, CA (KSIR CAPITAL) -

 

"There has been a constant debate over the years on what drives the price of gold and silver. Obviously we have the fundamentals that have put the metals in a bull market for the last 10 years. The powers that be have total control over money, as they set the price for capital via manipulating the interest rates. So it is not a stretch that they would be concerned with a rising gold price because gold is a threat to how the current fiat regime functions on a day-to-day basis.

 

"Without Mr. Bernanke able to step in and buy US treasury bills, where would interest rates be? How would we fund our deficits?

 

"These are just some of the reasons why it is important for the elites to pay attention to the price of gold and silver. Knowing this, the powers that be have instructed their banking arms JPMorgan, HSBC, Goldman Sachs and the like, to create paper derivatives to help manage the price.

 

"But what happens when we get to a threshold point where the physical market breaks the back of the paper derivatives? We think that this time is near.


"The Accumulation Distribution Line developed by Marc Chaikin is a volume-based indicator designed to measure the cumulative flow of money into and out of a security. Chaikin originally referred to the indicator as the Cumulative Money Flow Line. As with cumulative indicators, the Accumulation Distribution Line is a running total of each period's Money Flow Volume.

"First, a multiplier is calculated based on the relationship of the close to the high-low range. Second, the Money Flow Multiplier is multiplied by the period's volume to come up with a Money Flow Volume. A running total of the Money Flow Volume forms the Accumulation Distribution Line. Chartists can use this indicator to affirm a security's underlying trend or anticipate reversals when the indicator diverges from the security price.
We think this, along with other technical indicators, is screaming BS on the paper gold and silver game.


"If you take a look at the chart below, you can see that the indicator has confirmed this bull cycle as money has continued to move out of paper assets and into the physical. Currently we see an extreme divergence:..."

 

click through for the rest.

 

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

Trader Dan's Market Views: Whistling Pass the Proverbial Graveyard

Trader Dan's Market Views: Whistling Pass the Proverbial Graveyard | Gold and What Moves it. | Scoop.it

From Trader Dan Norcini:

 

"European leaders are going to go at their problems by employing a 'GROWTH' strategy and are moving away from 'AUSTERITY'.

 

"NOTE: INSERT MELODY HERE TO AID WOULD-BE WHISTLERS AS THE AIR RUSHES PAST THEIR LIPS".

 

"Why not just cut the crap and state the obvious - these short-sighted politicians and monetary officials will do anything to prevent themselves from getting booted out of office by a public ADDICTED TO GOVERNMENT SPENDING. Look at what happened to Sarkozy. He was replaced by a Socialist who LOVES DEBT AND MORE TAXES to apparently try to fund it all..."

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

Iraq Meeting Will Decide War | Greg Hunter’s USAWatchdog

Iraq Meeting Will Decide War | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
Greg Hunter’s USAWatchdog.com 

 

The meeting, this week, in Iraq to negotiate Iran’s nuclear program will decide whether or not the world will go to war. The meeting is between the East (Iran, China and Russia) and the West (U.S., UK, France and Germany). If the meeting goes well, war will be avoided. If the meeting goes badly, the world will be heading for war. If yesterday’s CNN interview with Iran’s Finance Minister, Shamseddin Hosseini, is any indication, the upcoming meeting will be a disaster. When asked if Iran would allow inspectors to scrutinize all its nuclear facilities, Hosseini said, “There are conversations and dialogues taking place currently, but there cannot be a hegemony and a double-standard in the treatment of member countries such as Iran. If these principles can be understood and applied with mutual respect, I think we will be in a much better place. If we don’t, we will witness an increase in international oil markets.” (Click here to see the complete CNN story.) In other words, he sidestepped the question and gave no indication total access by inspectors would be a possibility...

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

Agnico CEO Calls for $3,000+ Gold for the First Time Ever

Agnico CEO Calls for $3,000+ Gold for the First Time Ever | Gold and What Moves it. | Scoop.it

Sean Boyd tells KingWorldNews:

 

"All of the things that are happening now, when you look at it, just points to a stronger gold price longer-term. But we are in a period of (recent) weakness and (high) volatility right now. With all of the volatility it’s sort of hard to look through that to the underlying things which underpin the market.

 

"You look at the fact that India and China took down 55% of mine supply last year, that’s a big number. That number has been growing steadily over the last few years and will likely continue to grow. So you’ve got strong demand coming out of that part of the world. As gold prices go up, you are not going to see a huge increase in supply...."

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

The message no one wanted to hear

The message no one wanted to hear | Gold and What Moves it. | Scoop.it
Events of the past dozen years clearly show that America’s adversaries have gained ground in non-military ways.
Could the 9/11 terror attacks, high gas prices, market volatility and the U.S.

 

by Kevin D. Freeman:

 

"In 1999, two Chinese colonels, Qiao Liang and Wang Xiangsui, wrote a groundbreaking book titled “Unrestricted Warfare” that was published by the People’s Liberation Army (PLA) Press. They begin the book with the simple acknowledgement that the Gulf War of 1991 changed warfare forever. Desert Storm was an overwhelming, all-encompassing victory against what had been considered one of the greatest military powers in the world, and it was accomplished in a mere 42 days. The key, of course, was the substantial technological superiority of the Americans. This victory shocked the Chinese to the core. They no longer had delusions that they could win in a direct military confrontation with the United States. They realized that “war by other means” would be necessary.

 

"The book identifies some of these other means, including:

 

"Financial warfare (manipulation of currencies, banks and the stock market),

 

"Technological warfare (gaining primary control of various technologies),

 

"Resources warfare (manipulating the price of, or access to, key resources),

 

"Network warfare (control of the Internet and real-time communication), and

 

"Economic aid warfare (controlling other nations by creating economic dependencies).

 

"There should be little doubt that the work of the two colonels has been followed carefully by the PLA in determining means of engagement. In fact, the book has become the de facto manual for economic warfare worldwide..."

 

Hat tip to Peter Grandich. http://www.grandich.com/2012/05/the-message-no-one-wanted-to-hear/ ;

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

Planetary Resources doesn’t want more people onboard of its asteroids-mining ship | MINING.com

Planetary Resources doesn’t want more people onboard of its asteroids-mining ship | MINING.com | Gold and What Moves it. | Scoop.it

by Cecilia Jamasmie:

 

"Less than a month after officially launching its asteroid-mining plans, Google’s billionaire co-founders and filmmaker James Cameron’s owned company Planetary Resources, has already decided not to accept any more job applications.

 

"In the careers section of its website, the company – founded about three years ago, but operating behind the scenes until last month- says it has received more than 2,000 applications since the launch on April 24 and that are not currently accepting applications for full-time employees, summer internships or student co-ops..."

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

NEWS PUSHING GOLD & SILVER HIGHER | The Prospector Blog

NEWS PUSHING GOLD & SILVER HIGHER | The Prospector Blog | Gold and What Moves it. | Scoop.it

"You read it everyday but few connect the dots to a lift in precious metals. I see them, hopefully you do too, the problem is the masses do not. Today I want to include not only what I view as news worthy events but events soon to project silver and gold out of reach for most in the middle class. Once again, I don’t believe one particular event will send metal beyond what most view as unimaginable. Accumulation of multiple events will ultimately push, or influence, your PM (precious metal) higher..."

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

Major Long-Term Bottoms Forming in Gold and Commodities | Toby Connor | Safehaven.com

Major Long-Term Bottoms Forming in Gold and Commodities | Toby Connor | Safehaven.com | Gold and What Moves it. | Scoop.it
Once every year gold and stocks form a major yearly cycle low. Commodities form a major cycle bottom every 2 1/2 to 3 years. Every once in a while all three of these major cycles hit at the same time.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Eric Sprott - Governments Frightened of Panic Liquidation Event

Eric Sprott - Governments Frightened of Panic Liquidation Event | Gold and What Moves it. | Scoop.it

Eric Sprott tells King World News:

 

"Ever since we saw what happened when Lehman was liquidated, they realized we can’t go there. Fannie was taken over as well as AIG and GM to prevent this liquidity event. But I think the market is just liquidating, irrespective of whether the powers that be want it or not.

 

"I just think that process is picking up into a tsunami and the world is going to start focusing back on precious metals. We’ve had one Minsky moment in Greece and we’re going to have another one..."

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

Gold Price Climbs Further, Has It “Turned the Corner”? - International Business Times

Gold Price Climbs Further, Has It “Turned the Corner”? - International Business Times | Gold and What Moves it. | Scoop.it

"Analysts at UBS wrote in a note to clients that “Yesterday, gold defied a stronger dollar, weaker equities, and another raft of negative EU headlines (to rise). It felt like the gold market of yesteryears.” The firm went on to say that “To see a return of gold reacting positively to macro stresses is indeed refreshing, but it is still far too early to make any firm conclusions from here that gold has indeed turned the corner. Momentum will be key, and follow-through buying will have to kick in to encourage investors to jump in.”

 

"Nick Moore, a commodity analyst at Royal Bank of Scotland, stated on Thursday that “This is a value buy; in volatile times people go back to the charts…We have had a sharp selloff which has uncovered the value of the metal and people are seeing $1,530 as an attractive entry point for gold.”

 

"Silver climbed alongside the price of gold this morning, by $0.46, or 1.6%, to $28.53 per ounce. Other precious metals posted more modest gains, with platinum futures up by 0.3% at $1,458.10 per ounce and palladium higher by 0.2% at $607.00 per ounce. Cyclical commodities were mixed, with crude oil futures down 0.8% at $92.22 per barrel while copper rose 0.5% to $3.49 per pound..."

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

The Golden Truth: John Boehner: "Obama Debt Ceiling Increase Demand Took My Breath Away" .

The Golden Truth: John Boehner: "Obama Debt Ceiling Increase Demand Took My Breath Away" . | Gold and What Moves it. | Scoop.it

by Dave in Denver:

 

"It's coming, people. Both a big debt ceiling increase and a lot more QE. Anyone who thinks the Fed is serious about not printing any more money is either cluelessly naive or hopelessly ignorant. The apathy and nonchalance about what is happening in this country is beyond appalling. And now Charles Schumer, a supposed Democrat, wants to prevent anyone giving up their U.S. citizenship from re-entering the U.S. ever again. Dare I remind Herr Schumer that is exactly the kind of law the Nazis imposed on Schumer's relatives (my relatives too) in the 1930's? Those who forget the past are condemned to repeat it (Santayana), Chuck..."

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

Bloomberg Interview GoldCore on Chinese and Global Gold Demand | ZeroHedge

"Goldcore’s Mark O’Byrne was interviewed by Bloomberg yesterday discussing the World Gold Council Report, Gold Demands Trend (Q1 2012) - Enter The Dragon, on demand in Asia. “We could be witnessing a paradigm shift from China on bullion demand”, Mark O’Byrne also notes, “that the gold market was liberalised in China in 2003 and prior to that gold ownership was banned in China by Chairman Mao. The per capita consumption of 1.3 billion Chinese consumers, investors and central bank demand are very significant.”

 

Click through for the video interview.

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

Why gold demand remains resilient

Why gold demand remains resilient | Gold and What Moves it. | Scoop.it

by Frank Holmes:

 

"...There was a significant rise in demand for jewelry from Russia, Egypt, Indonesia, Taiwan, and China, according to the World Gold Council (WGC) compared to the first quarter of 2011..."

more...
No comment yet.