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Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
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Trader Dan's Market Views: Gold chart and some comments

Trader Dan's Market Views: Gold chart and some comments | Gold and What Moves it. | Scoop.it

From Trader Dan Norcini:

 

"As suspected from the price action and the inability of the paper shorts to break through this support, we learned that several foreign Central Banks have been very active buyers of the metals on these breaks in price. I see nothing on the horizon that would lead me to believe that anything has changed in regards to these Central Banks and their desire to acquire gold during these periodic bouts of weakness. I repeat for the sake of emphasis - Central Banks do not CHASE GOLD PRICES HIGHER - they buy when prices drop and only when prices are moving lower. It is only the brain dead hedge fund managers who are servants to their gods, the computer algorithm, who sell gold as it moves lower hoping to profit from momentum based moves..."

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Embry - Market Manipulation More Blatant & There’s More of It

Embry - Market Manipulation More Blatant & There’s More of It | Gold and What Moves it. | Scoop.it

John Embry tells King World News:

 

"Embry had this to say about the gold market: “I would dare say that the manipulation (of gold) today is perhaps more blatant and there is more of it than I’ve ever seen. They (the manipulators) don’t care anymore. You see these 3 o’clock in the morning precipitous drops.

 

"You see drops when the COMEX opens and when the London PM fix is in. There are always these times they attack, and no market that wasn’t being manipulated would trade with that regularity.

 

"I am of the mind that the paper guys have overplayed their hand and they have pushed the price too low. The people in the East, in particular, the Russians, the Chinese, etc., know perfectly well the situation. They are using this as a wonderful opportunity to take on more and more physical at what I would consider to be bargain prices..."

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RON PAUL WINS IOWA & MINNESOTA – YOU WON’T HEAR IT FROM THE MSM « The Burning Platform

RON PAUL WINS IOWA & MINNESOTA – YOU WON’T HEAR IT FROM THE MSM « The Burning Platform | Gold and What Moves it. | Scoop.it

By Doug Wead

 

"Ron Paul supporters surged to victory in yesterday’s Minnesota and Iowa district conventions, dominating the process and picking up more delegates to the Republican National Convention. As reported last week, a number of Romney Hawks are now deeply concerned that Ron Paul has already laid the groundwork for similar success in six more caucus states.

 

"Yesterday’s results for Ron Paul will only increase the influence of Hawks inside the Mitt Romney camp.

 

"Romney advisers are concerned that the rising total of Ron Paul delegates...

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oftwominds-Charles Hugh Smith: What Happens When All the Money Vanishes Into Thin Air?

oftwominds-Charles Hugh Smith: What Happens When All the Money Vanishes Into Thin Air? | Gold and What Moves it. | Scoop.it

from Charles Hugh Smith:

 

"Issuing debt and printing money do not create wealth. All they can create is a temporary illusion of wealth.

 

"I could have written "if all the money vanishes," but that would be misleading, for all unbacked money will most certainly vanish into thin air. The only question is when, not if. Frequent contributor Harun I. explains why:

 

"Those who fail to understand that the Status Quo is impossible to maintain will be shocked when the disintegration is undeniable. But the whole thing was perverse to begin with. Words like capitalism and meritocracy are thrown around to make people feel good when, in reality, we have never owned anything, not even ourselves.How can we own ourselves when the very thing we use for subsistence can be cheapened or reduced to nearly nothing, not by market forces, but by central banks acting at the behest of governments? When a person does not control his labor, what is he?..."

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The Silver Reverse Bubble of 2012 | Paul Mladjenovic | Safehaven.com

The Silver Reverse Bubble of 2012 | Paul Mladjenovic | Safehaven.com | Gold and What Moves it. | Scoop.it

by Paul Mladjenovic:

 

"Whenever an asset's price is artificially pushed down below its true market price, the resulting move boomerangs to the upside sooner or later (usually sooner). This is essentially a "reverse bubble". What happened to silver?

 

"Silver hit a mind-boggling low of $8.88 (spot price) on November 24, 2008. It then went on a strong rally hitting $48.70 on April 28, 2011. It did touch $49.85 overseas during April 29th. That 29-month rally resulted in a gain of about 461% before a sharp correction in May 2011 took silver to the $30s.

 

"As I write this, silver is hovering around $31 and has been consolidating since mid-2011. Massive shorting by a handful of large institutions had again entered the picture. Has silver entered its second "reverse bubble"?


"Judging by the supply/demand data and market machinations (including excessive shorting in the silver futures market), I believe that the answer is a resounding "YES". I won't punish you with the latest data since others do a much better job of analyzing and presenting it (see the latest research from Ted Butler and David Morgan...again, look them up!).

 

"What will silver's price look like a year from now...or 29 months from now?..."

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It's Time To Charge Colleges With Fraud And Racketeering

It's Time To Charge Colleges With Fraud And Racketeering | Gold and What Moves it. | Scoop.it
I'm done with patience on this.  We need to see prosecutions and we need them now.Susan Romano read her son Zach’s financial-aid letter from Drexel University, and her eyes jumped to the line highlighted in yellow: “$13,442 expected payment”for the...
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Twitter / Jim Rickards: My latest @usnews on how # ...

My latest @usnews on how #gold never really left the international monetary system - it just went underground http://t.co/QyIBlHxE
Apr 24 via web Favorite Retweet Reply

My latest @usnews on how #gold never really left the international monetary system - it just went underground http://t.co/QyIBlHxE...
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Sinclair - Shorts Now Trapped & Gold Could Gap Up to $3,000

Sinclair - Shorts Now Trapped & Gold Could Gap Up to $3,000 | Gold and What Moves it. | Scoop.it

On the heels of of the disclosure that China will buy oil from Iran using gold, legendary trader and investor, Jim Sinclair, told King World News that the massive paper gold shorts are now trapped and may see gold gap up to $3,000 if a vacuum in the physical market develops. Sinclair described this event as “historic.” But first, here is what Sinclair had to say about the recent trading action in gold: “You have seen in the last month, a phenomena. If you have eyes in your head, you have to know when the gold banks enter into the gold market, offering more for sale than would be mined in the next five years, they are not in there to sell anything. They are in there to manipulate the price.” click to read the rest.

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Map of Authorized Drone Fly Zones « Jim Sinclair's Mineset

"During times of universal deceit, truth becomes a revolutionary act." –George Orwell

 

"Jim Sinclair’s Commentary

 

"Here is a map of where drones are now authorized to fly in the USA. Are you on it?

 

"When outdoors in these areas always look down so as not to have your face photographed by Big Brother. He is now protecting us all 24/7.

 

"Please watch the movie "Enemy of the State" with Denzel Washington, if you have not already'

 

Click here to see the full map… https://maps.google.com/maps/ms?msa=0&msid=214769660919529725423.0004bde31d74fe6eb1ece&hl=en&ie=UTF8&t=m&ll=45.336702,-110.039062&spn=58.987964,112.5&z=3&source=embed 

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NJ Father Records Teachers Bullying His Autistic Child

NJ Father Records Teachers Bullying His Autistic Child | Gold and What Moves it. | Scoop.it
A desperate Cherry Hill dad goes to YouTube to expose what he calls bullying from some educators who worked with his autistic son.

 

What is wrong with people today? Good grief. Where is their humanity?

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Rick Rule - Scary Math & The Dow Fall Off a Cliff Here

Rick Rule - Scary Math & The Dow Fall Off a Cliff Here | Gold and What Moves it. | Scoop.it

Today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. Rule is founder of Global Resource Investments, which is part of the $10 billion strong Sprott Asset Management. KWN reached out to Rick to get his take on the decline that is taking place in key markets and what investors should expect going forward. Rule warned about the possibility of a collapse here. This is what Rule had to say: “Investors look at the Dow and the S&P hanging together and it takes their mind off some of the unpleasant facts, such as the debasement of the currency. It takes their minds off of the fact that the government only takes in forty cents for every dollar it spends or that we have $65 trillion of unfunded liabilities going forward.”

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The Implications Of China Paying In Gold « Jim Sinclair's Mineset

A list from Jim Sinclair:

 

"The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold

 

"1. It is reasonable to assume that China has been threatened with total or at least selective exclusion from the SWIFT system if it pays in any currency for Iranian oil.

 

"2. Gold has been decided by China as the means of making payment for massive international purchases free of the SWIFT system.

 

"3. Other Asian and Middle Eastern nations will now see the gold they hold as money free of Western economic interference..."

 

Click through for the other six items.

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Sleight-of-Hand Won’t Save Global Financial System

Sleight-of-Hand Won’t Save Global Financial System | Gold and What Moves it. | Scoop.it

With continued volatility in many of the key global markets, 40 year veteran, Robert Fitzwilson wrote this exclusive piece for King World News. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States. Here are Fitzwilson’s observations: “The world’s fiat money system is based upon a sleight-of-hand, the most significant magic trick ever invented. The sleight-of-hand begins with the creation of debt, frequently issued by a sovereign entity such as a king or a nation. The debt often starts out being backed by some real asset, such as land in the French Revolution or gold in the case of the U.S. during the early stages of our Federal Reserve System.”

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Farewell Factory Jobs, Hello Service Sector « Jim Sinclair's Mineset

From Jim Sinclair's Mineset:

 

"The farewell to U.S. factories despite a well-established, obvious trend continues to surprise the public. The transition from manufacturing, goods-producing to service-service producing economy has been an on-going process since 1953 (see chart 1). While hamburger flipping and hospitality jobs appear to an amiable employment solution for the US, it simply cannot generate the tax revenues necessary to support big government..."

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ESM Will Supply Whatever Money Is Needed In Euroland « Jim Sinclair's Mineset

Jim Sinclair:

 

"The advent of the ESM Treaty establishing the European Stabilization Mechanism is economically Earth shaking and recognized by almost no one out there. It cannot be otherwise, it cannot be avoided. It can de denied but it will occur."

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Stop Worrying About Gold… We’ll See New Highs within 12 Months

Stop Worrying About Gold… We’ll See New Highs within 12 Months | Gold and What Moves it. | Scoop.it

Great article by Brett Eversole, analyst, True Wealth Systems. Here's the beginning it's worth a look.

 

"The gold bull market is over… get out while you still can!

 

"If you believe the mainstream media, that’s probably what you’re thinking right now. Gold prices have trended lower over the last eight months. Many investors now wonder if the 11-year gold bull market is finally over.

 

"But the recent correction is nothing to worry about. The fundamental picture for gold has not changed, as I’ll explain today. And based on history, we can expect to see a new high in gold prices in 12 months or less.

 

"Let me explain…"

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Jim Sinclair Warns Investors To “Instruct Their Broker Dealers To Not Register Stock Certificates in Street Name”

Jim Sinclair Warns Investors To “Instruct Their Broker Dealers To Not Register Stock Certificates in Street Name” | Gold and What Moves it. | Scoop.it

"By our estimation, Mr. Sinclair is 100% correct, and those who take defensive action now will avoid the next “MF-Global” style collapse of a broker dealer. We are in the eye of an economic storm, and as the economy begins to nosedive once again, Western financial firms will continue their industry-wide wave of bankruptcies..."

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US Student Loans - See Any Similarities to the US Housing Market? | Stephen Johnston | Safehaven.com

US Student Loans - See Any Similarities to the US Housing Market? | Stephen Johnston | Safehaven.com | Gold and What Moves it. | Scoop.it
US Student Loans - See Any Similarities to the US Housing Market? $1 trillion (yes with a "t") and counting. US student loans are a prime candidate to be the source of a future financial crisis with the predictable QE response ...
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Harvey Organ's - The Daily Gold and Silver Report: Greece decides to thumb their nose at Troika/Dutch cabinet resigns/Spanish and Italian bond yields rise/gold and silver bombed/bourses all in the red

Harvey Organ's - The Daily Gold and Silver Report: Greece decides to thumb their nose at Troika/Dutch cabinet resigns/Spanish and Italian bond yields rise/gold and silver bombed/bourses all in the red | Gold and What Moves it. | Scoop.it

Harvey Organ's Daily:

 

"We are constantly seeing algos play a big part in the New York trading. With the Dow plummeting, the bankers raid the gold and silver metals. When the Dow recovered so did the price of gold/silver. This manipulation has been the modus operandi for months now. Despite the precarious situation throughout the globe, the bankers will just not let go. We are now in the final stages of a massive global default as no doubt we will witness the Euro disintegrate as Germany will leave the zone due to no backers. As the euro plummets, then bourses around the world tumble as China and Russia will seek the precious metals to cause these metals to enter their shores. There is just not enough metal to sustain the globe. It is important for you to see the big picture. Many are playing the paper games trying to profit and then buy physical. The crooks can knock the paper price of gold and silver to any level they wish. They have destroyed the leverage game and they have destroyed the comex due to their criminal behaviour at MFGlobal. Now is the time to be strictly in the physical metals and totally ignore the crooked casino, the comex. I comment on the comex only to the extent that I know it will default once London England has been removed of all of its metals. Then the comex will default in a heartbeat. As far as the data is concerned over at the comex, I do not trust it in the same manner as the BLS reports its jobs numbers. However we must deal with what they give us."

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CFTC's Sommers says no conclusions yet on MF Global

CFTC's Sommers says no conclusions yet on MF Global | Gold and What Moves it. | Scoop.it
The futures regulator has the power to go after top executives who "aid and abet" violations by their companies, said Jill Sommers, who is heading up the Commodity Futures Trading Commission's probe into bankrupt brokerage MF Global.

 

by Sara N. Lynch

 

"Sommers, a Republican CFTC commissioner, was careful to say in congressional testimony prepared for delivery on Tuesday that her comments did not mean the CFTC had reached any conclusions as it probes why more than an estimated $1 billion dollars of customer money is missing.

 

"But she laid out potential enforcement action scenarios for the CFTC to pursue.

 

"Staff is speaking with witnesses and reviewing documents and other information," said Sommers. "They are proceeding as expeditiously as they can."

 

"She will testify before the Senate Banking Committee along with CME Group Inc Chairman Terrence Duffy, securities regulators, and bankruptcy trustees for the broker-dealer and the parent company..."

 

{Does anyone really think that justice will be sought in this theft? I don't, but I hope to be very surprised.}

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The Golden Truth: The Gold Standard Shuffle

The Golden Truth: The Gold Standard Shuffle | Gold and What Moves it. | Scoop.it

from Dave in Denver:

 

"What we are witnessing is a sea change in which market forces are driving a de facto return to the gold standard. All that is missing for this to be a de jure gold standard is some regulatory and legal recognition and one has been proposed. The Basel Committee for Bank Supervision, the maker of global capital requirements is studying making gold a bank capital Tier 1 asset. - Professor Lew Spellman, University of Texas from The Spellman Report (link below).


"The source of that quote is a must-read essay written by Lew Spellman, who is a professor of finance at the University of Texas of business school. He has also served as Assistant to the Chairman of the President's Council of Economic Advisors and as an economist at the Federal Reserve. It is the latter two prestigious roles which make it both surprising that Professor Spellman would have written this essay and, yet at the same, thereby reinforces its validity. You will not find this piece mentioned in ANY mainstream media news source in this country.

 

"Spellman lays out the case for for the subtle, systemic manner in which gold is slowly creeping back into use by the banking system as an asset being used to back paper currencies and financing transactions. Those of us who study the precious metals markets on a daily basis, in the context of the overall global financial system, have been pointing to this dynamic for a while now. For instance, Spellman links the announcement in which the Basel Committee is studying making gold a Tier 1 banking asset. This was announced several months ago and remarked upon widely in the precious metals community. I doubt anyone's financial adviser called them up to point this out..."

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Ed Steer on JPM and Silver manipulation Gold & Silver Daily

Ed Steer on JPM and Silver manipulation Gold & Silver Daily | Gold and What Moves it. | Scoop.it

From Ed Steer in his Gold and Silver Daily:

 

"If you needed more proof that silver is at the centre of the known universe for JPMorgan et al, it was provided for you yesterday.I just don't know how much more obvious it has to get than that.

 

"Options and futures expiry for the May delivery month in silver is upon us...as is the FOMC meeting over the next couple of days...so I'd guess that one or more of these events brought on the engineered sell-off in silver yesterday.

 

"Is it over? Beats me. Can 'da boyz' take the price lower from here? Sure, but how many more spec longs are they going to be able to get to sell...or go short? There is a limit...and the law of diminishing returns sets in quickly when prices get this close to the bottom of the barrel.

 

"But, as Ted Butler said on the phone yesterday, you can never underestimate the criminality of the sociopaths that are running this price rigging scam...and I heartily agree with that assessment. It will be over when it's over...and we won't know when that is until after the fact. Yesterday's low at 1:25 p.m. in New York sure looked like it to me...but as I've said on numerous occasions in the past, I wouldn't bet the ranch on it..."

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Fact, opinion and fiction in the rising gold price scenario - #GOLD ANALYSIS

Fact, opinion and fiction in the rising gold price scenario - #GOLD ANALYSIS | Gold and What Moves it. | Scoop.it

by Lawrence Williams:


"But then perhaps we should also discount the opinions of those who see gold rising rapidly to say $5,000 or $10,000, or the bubble merchants who see it falling to $700 - but at least these are expressed as opinions, not as facts. Although it is worth noting that only a few short years ago a gold price prediction of $1,000 was considered far-fetched.


"One thus needs to weigh up the probabilities here. There is little doubt that hugely rising Chinese consumption, whether it be official hoarding or just consumer demand, plus the amount of gold going into the major gold ETFs, coupled with the weak global economy have in combination been the biggest supporters of the current gold price levels - and appear to be underpinning it, along with Indian demand which in effect has always been there. While the recent moves to double the tax on gold imports in that nation will have undoubtedly caused a stutter in this key gold market, it seems unlikely that it will have a lasting effect on demand.

 

"Yes, there has been a hiatus in the gold price advance since September last year. Some will argue that the mid-year surge in price taking it up to the $1900s, at a time when the yellow metal is normally in a weak phase, was way overdone and the ensuing fall back was a natural reaction and predictable. Indeed a number of the more conservative pro-gold commentators, like Nichols, had already suggested there might well be substantial setbacks of this nature, but in the context of a longer term, continuing gold price advance. Obviously we will see if the latest fall is indeed just a correction, or if gold has reached its top for the time being and could collapse further..."

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Home Prices Hit New Lows in Feb: S&P/Case-Shiller - International Business Times

Home Prices Hit New Lows in Feb: S&P/Case-Shiller - International Business Times | Gold and What Moves it. | Scoop.it
The American market for single-family homes fell to new lows in February, but prices declined at a slower rate compared to the previous month, a private report showed Tuesday, as the housing market continues to struggle.

 

by Moran Zhang:

 

"Single-family house prices in a group of 20 metropolitan areas tracked by the Standard & Poor's Case-Shiller composite index fell by 3.5 percent from January, slightly better than the 3.6 percent decline estimated by economists polled by Thomson Reuters. The 10-city composite index fell 3.6 percent.

 

"Fifteen of the 20 major cities saw month-over-month prices improve in February. Atlanta, Chicago, Cleveland and Detroit fared worse, while Washington DC's rate remained unchanged.

 

"While there might be pieces of good news in this report, such as some improvement in many annual rates of return, February 2012 data confirm that, broadly-speaking, home prices continued to decline in the early months of the year," David M. Blitzer, Chairman of the Index Committee at S&P Indices, said in a statement.

 

"Housing has been a main drag on the economic recovery, as homeowners have struggled with foreclosures or mortgage burdens that far exceed the values of their homes..."

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Size Matters A Lot « Jim Sinclair's Mineset

Jim Sinclair writes in regard to the news of China and Iran using gold in oil purchase:

 

"To better understand what China offers to gold, lets reverse the situation. Let us say that China has a means of interfering with the USA’s trade cash settlement mechanism and has threatened to use this interference in order to influence the United States to take such action that the USA does not necessarily wish. The United States announces that on June 28th, more than likely a deadline China has given in this reverse scenario, that the USA will settle all our imported energy costs from Saudi Arabia in gold rather than any other currency.

 

"Consider how important that would be to gold. Think what this means to..." click over for the rest.

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