Gold and What Mov...
Follow
78.1K views | +3 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!

Rising Consumer Expectations Imply Higher Gold Prices « Jim Sinclair's Mineset

"Rising expectations has the media giddy about the prospects for future economic growth and the gold crowd huddled together in fear. While perception sets short-term reality, it does NOT control long-term market forces. The sovereign debt crisis, largely believed to be contained to the irresponsibility of Europe, has infected the world and grows more troublesome with each passing day. Rising consumer expectations which are highly sensitive to rising stock prices show a strong inverse correlation to the price of gold. In other words, as consumer expectation rise, it tends to signal higher gold prices in the future. This correlation grows stronger during periods of economic stress."

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

Caesar Bryan - Suspicious $1.5 Billion Gold Dump & Bank Runs

Caesar Bryan - Suspicious $1.5 Billion Gold Dump & Bank Runs | Gold and What Moves it. | Scoop.it

With continued volatility in gold and silver, today King World News interviewed 25 year veteran Caesar Bryan. Gabelli & Company has over $31 billion under management and Caesar Bryan has managed the gold fund since its inception in 1994. Caesar told KWN the European banking system is stil on fire, and we are now seeing bank runs in both Spain and Italy. He also stated that today’s trading at the end of the day in gold was very “odd.” Here is what Caesar had to say about the situation: “We had been having a recovery in the price of gold recently, but then gold was taken down around 1:15 pm today. There was quite significant volume in the last 15 minutes, before the COMEX closed.

 

“There were 10,000 contracts traded, which is something like $1.5 billion, and gold fell precipitously, from about $1,665 to about $1,650. This is very odd trading on a Friday afternoon when there was no other discernible movement in other markets.

 

"This made for a disappointing end to the week, but the backdrop for gold is still very solid. However, for investors, it’s hard to ignore the day to day movements..."

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

Healthcare Solution: Go Back to Cash

Healthcare Solution: Go Back to Cash | Gold and What Moves it. | Scoop.it

"The expansion of health insurance and government entitlements created “free money” and thus the explosion of healthcare costs. The solution is simple and “impossible”: we all pay cash.

 

"Here’s why healthcare (a.k.a. sick-care) costs cannot be reduced; the entire system is based on vast pools of “free money”: The corporate-America or union/government employee who goes to the doctor pays a few dollars for a visit and drugs; the “real cost” is of no concern. Ditto the “real costs” charged to Medicare and Medicaid..."

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

oftwominds-Charles Hugh Smith: Charting the Housing Market

oftwominds-Charles Hugh Smith: Charting the Housing Market | Gold and What Moves it. | Scoop.it

Over on Charles Hugh Smith's site: "It saddens me to have to report that, even with mortgage rates at historic lows, the American housing market is dead."

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

RIVERS OF SILVER | The Prospector Blog

RIVERS OF SILVER | The Prospector Blog | Gold and What Moves it. | Scoop.it
TheProspectorSite.com exists to provide proof via current events and history that precious metals are one of the best ways to preserve and grow your wealth.

 

The Prospector:

 

"Someday soon traditional one ounce silver coins will be too expensive for the majority to own. This seems hard to imagine today since physical silver ounces cost less than $40."

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

A Return to the Gold Standard, or Gold Behind Currencies - Part 2/5 | Julian D. W. Phillips | Safehaven.com

A Return to the Gold Standard, or Gold Behind Currencies - Part 2/5 | Julian D. W. Phillips | Safehaven.com | Gold and What Moves it. | Scoop.it
This is the second part of a three part series on how gold will return to the monetary system globally but not in the form of the defunct Gold Standard.

 

Snippet from Part two of Julian Phillips piece:

 

"Today two factors stand that would defeat such national controls:


"The U.S. dollar is a global currencies used unwillingly by an emerging world. That emerging world will not let the U.S. dollar dominate for longer than is absolutely necessary and will replace it with a Chinese Yuan as soon as it can. The emerging world will as soon as practical also accept other currencies in international trade and pressure sufficient oil producers to accept the Chinese Yuan as they need. This will considerably reduce the need to the U.S. dollar in world trade. The U.S. dollar system on payments will not be able to survive only partial control. It can only work when that control is complete worldwide.


"The Muslim world has begun what Europe faced for 100 years of war in the middle ages, religious wars. The Sunni dominated nations of the Middle East -where they believe that state is first and religion second--are facing off against the Shi'ite Muslims who place religion above state. The bloodshed is creeping through the entire region. While western media reports this in political terms, naming nations and political parties in a 'search for democracy', what in reality we are seeing is the Christendom's equivalent of Protestantism and Catholicism in the Middle Ages..."

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

Bullish Gold Technicals | Adam Hamilton | Safehaven.com

Bullish Gold Technicals | Adam Hamilton | Safehaven.com | Gold and What Moves it. | Scoop.it

"Gold has been weathering some considerable selling pressure lately, which has naturally turned sentiment quite pessimistic. Bearish commentary abounds, with all kinds of predictions for further declines. But as is usually the case after any material selloff spooks traders, gold's technicals are actually very bullish today. Gold's next move will likely prove to be a major rally..." Click over for full article and charts by Adam Hamilton

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

Jesse's Café Américain: For Capitalism to Survive, Crime Must Not Pay

Jesse's Café Américain: For Capitalism to Survive, Crime Must Not Pay | Gold and What Moves it. | Scoop.it

Good post I agree with. Here's a snippet:

 

"If the people allow it, the crony capitalists will destroy the capitalist economy and the democratic republic that sustains it. They will destroy it because they hate it.

 

"They hate the risk and the narrow profits of honest competition and productive work in a free and open society, and so they create monopolies, cartels, private privilege, and fraud. They also hate equality, and the freedom that threatens to give other people the ability to curtail their insatiable lust for power..."

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

John Mauldin - Europe is Destroying Their Currency

John Mauldin - Europe is Destroying Their Currency | Gold and What Moves it. | Scoop.it

John Maudlin, President of Millennium Wave Securities tells King World News:

 

"We don’t know how truly bad the banking system is. If they clog the banking system up, the wheels really do come off. As a culture we are in the negative, very unpleasant situation of having to bail out a bank that we really don’t like, and we really don’t want to do that. But if we don’t, the wheels come off.

 

"European banks are at least two and a half to three and a half times worse than US banks. Think about the US, as bad as it was in 2008, Europe is still that bad and in many cases worse. When they stop printing money, when they stop doing their version of TARP’s, which are called LTRO’s, it’s a disaster. It looks like Greece...."

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

Jim Sinclair - Expect Another $17 Trillion of QE & War in Gold

Jim Sinclair - Expect Another $17 Trillion of QE & War in Gold | Gold and What Moves it. | Scoop.it

Here's a snippet from what Jim Sinclair tells King World News:

 

"Once you start quantitative easing, such as we have, $17 trillion, how in the world do you pull back from it? How do you stop without having everything collapse behind you? Truth be known, Bernanke didn’t have a choice. If Bernanke did not do QE, this place would look like the day after (the movie) ‘Mad Max.’

 

"I don’t support QE as being right, but I do understand its necessity. QE to infinity. If we’ve done over $17 trillion already, do you think we won’t do another $17 trillion? Of course we will. Denying it all the way, until the day. And when the day comes, QE will follow.”

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

Families now spend more on transportation than food

Families now spend more on transportation than food | Gold and What Moves it. | Scoop.it

from Consumer Reports:

 

"The average American family now spends more than $7,600 annually on transportation, according to a recent government study. To put that amount in perspective, it's more than what's spent on food and over twice as much as on health care. The reason cited by the Treasury Department report is due to the increasing cost of gasoline and, consequently, traveling by car."

 

That just doesn't seem like a good thing to me.

 

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

The War at the End of the Dollar | Ron Hera | Safehaven.com

The War at the End of the Dollar | Ron Hera | Safehaven.com | Gold and What Moves it. | Scoop.it
The history of the U.S. dollar is closely linked to U.S. involvement in a series of wars. The Bretton Woods Accord and the resulting world reserve currency status of the U.S. dollar were both byproducts of World War II ...

 

"The price of gold had begun to move up after having made a historic low in June of 2001 and, in 2006, the price of crude oil began to rise at an accelerating rate revealing a fundamental flaw of de-coupling interest rates from prices. The flaw was that the Federal Reserve had absolutely no control over the flow of increased liquidity resulting from its policies. The "committee to save the world" was flooding the world with cheap U.S. dollars. Increased liquidity linked to low interest rates was fueling unprecedented levels of financial speculation and increasing the risk and magnitude of asset price bubbles, such as the dot-com bubble and the real estate bubble. To make matters worse, excessive monetary expansion was weakening confidence in the U.S. dollar..."

 

Very interesting read.

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

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

Real Time Gold Prices | Exact Price of Gold | Lear Capital | Gold and What Moves it. | Scoop.it
Get real time gold prices updates even when you're on the move. Keep abreast of the precious metal market price with Lear Capital.

 

Overall all, I would say this was a pretty good week. Gold is stair stepping back up and looks to have a lot of buying in the 1650 range.

 

I keep asking myself, as the MSM types declare that we are into a recovery, what has changed from when the crisis began in 2008?

 

I can't really point to anything. Debt has soared higher. Countries are still broke. And no one has given any solutions to change the course we are on.

 

And gold really continues to declare that nothing has changed by its current price level.

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

DOL forcing media to use government computers | Campaign 2012 | Washington Examiner

DOL forcing media to use government computers | Campaign 2012 | Washington Examiner | Gold and What Moves it. | Scoop.it

"Unrest is simmering in some quarters of the Washington news universe regarding changes in the way the Department of Labor (DOL) manages its pre-release media “lockups” on sensitive data like weekly jobless benefits and unemployment."

 

This is unbelievable to me. Come on people. This is further government control. Don't bow to this. All the news reporters should just boycott and not show up.

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

Trader Dan's Market Views: Algorithms Gone Wild - AGAIN, and AGAIN, and AGAIN

Trader Dan's Market Views: Algorithms Gone Wild - AGAIN, and AGAIN, and AGAIN | Gold and What Moves it. | Scoop.it

Go read Trader Dan's commentary on the CCI. Here's how he opens:

 

"What more is left to say at this point other than the fact that the hedge fund computers and their damnable algorithms have destroyed the integrity of the US futures markets. The sheer size, extent, ferocity and volatility of the moves that these pestilential computers are creating have rendered these markets basically useless for what they originally came into being for, namely, risk management for commercial entities.


"Price swings of this magnitude are blowing up hedged positions put on by commercials and other end users/merchants/processors, etc. While margins are reduced for legitimate hedgers, they still must meet any and all margin calls on any hedged position, whether that is a long position or a short position. Some will say that all they need to do is to buy or sell the corresponding physical commodity and while simultaneously lifting the hedge. That might work fine on paper but in the real world it is a fabrication..."

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

The Ring Of Fire Is Roaring To Life And There Will Be Earthquakes Of Historic Importance On The West Coast Of The United States

The Ring Of Fire Is Roaring To Life And There Will Be Earthquakes Of Historic Importance On The West Coast Of The United States | Gold and What Moves it. | Scoop.it
Does it seem to you like there has been an unusual amount of seismic activity around the world lately?

 

"Does it seem to you like there has been an unusual amount of seismic activity around the world lately? Well, it isn't just your imagination. The Ring of Fire is roaring to life and that is really bad news for the west coast of the United States. Approximately 90 percent of all earthquakes and approximately 75 percent of all volcanic eruptions occur along the Ring of Fire. Considering the fact that the entire west coast of the United States lies along the Ring of Fire, we should be very concerned that the Ring of Fire is becoming more active. On Wednesday, the most powerful strike-slip earthquake ever recorded happened along the Ring of Fire. If that earthquake had happened in a major U.S. city along the west coast, the city would have been entirely destroyed. Scientists tell us that there is nearly a 100% certainty that the "Big One" will hit California at some point. In recent years we have seen Japan, Chile, Indonesia and New Zealand all get hit by historic earthquakes. It is inevitable that there will be earthquakes of historic importance on the west coast of the United States as well. So far we have been very fortunate, but that good fortune will not last indefinitely."

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

Golden Eye of Hurricane

Golden Eye of Hurricane | Gold and What Moves it. | Scoop.it
What
an incredibly complex confusing and treacherous month. It can be safely said
that 80% of the activity is almost totally kept from the public. The
financial system is breaking in an accelerated fashion.

 

"Back at the gold desk, another cartel member kill is in progress. A string of UBS-type gold arena deaths is the biggest untold story of the new decade. The
UBS rogue trader story was a total fabrication, written and staged to conceal the removal of all UBS gold from their reserves inventory. They are a dead
gold player."

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

Jim Rogers’ Take On Gold

Gold is about to have its first down year in over a decade. At least that’s what legendary investor and billionaire Jim Rogers suggests. Rogers is considered one of the best commodity investors in the world.

 

He can see gold falling as far as $1,100 an ounce in a correction? Huh. That's hard to imagine for me. But than I'm not Jim Rogers. I just don't see the economic strength in the global currencies that would make that possible.

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

Irredeemable Paper Money, Feature #451 | Keith Weiner | Safehaven.com

Irredeemable Paper Money, Feature #451 | Keith Weiner | Safehaven.com | Gold and What Moves it. | Scoop.it
I am writing this, having just returned from the fourth course at the New Austrian School of Economics, in Munich. The single biggest theme was the rate of interest and its linkage to prices.

 

"Unlike under a gold standard, in paper money the rate of interest is subject to massive volatility. Sometimes, the government has its way, fueling rising prices and interest rates. Other times bond speculators front-run the central bank's unlimited appetite for purchasing government bonds and the rate of interest falls. We are now in year 31 (so far) of this latter phase." a snip from Keith Weiner's post. Interesting.

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

Two Scenarios For Next Precious Metals Rally, Part I

Two Scenarios For Next Precious Metals Rally, Part I | Gold and What Moves it. | Scoop.it

by Jeff Nielson:

 

"Let me preface this piece by first stating that my reason for writing it was not to induce people to guess which scenario they found more probable, and then to place their bets beforehand. Rather, my purpose was exactly opposite: to prepare people for either scenario so that when they recognized one or the other unfolding they wouldn’t do something stupid in a moment of panic (or greed).

 

"Sadly, in our markets to “do something stupid in a moment of panic” generally means doing precisely the opposite of what one should be doing. This also explains why the bankers like to start panics. First of all, as the cause of these panics the banksters are neither “panicked” nor (obviously) surprised themselves. So they continue to operate calmly (in this feeding-frenzy) while the sheep make themselves especially easy to sheer.

 

"As a result of this never-ending game being played in our markets by the bankers, there is genuine utility in looking ahead (something the sheep almost never do) so that when events do unfold we will be prepared to act (calmly) – as opposed to reacting in panic (as the bankers desire).

 

"With that preface out of the way, the next task is to explain/define these two, looming scenarios:

 

"1) The crash-driven rally

 

"2) The event-driven rally..."

 

This is an interesting read. Click over for the rest.

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

Awkward Family Photos are Internet Hit

Awkward Family Photos are Internet Hit | Gold and What Moves it. | Scoop.it
Images uploaded on website Awkward Family Photos show special moments in all their awkward glory.

 

If the CPI data today didn't do it for you than this should be good for a laugh today.

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

Gold To Repeat April, May And Q2 / Q3 2011 Gains In 2012? | ZeroHedge

Gold To Repeat April, May And Q2 / Q3 2011 Gains In 2012? | ZeroHedge | Gold and What Moves it. | Scoop.it

"In recent years, April and May have been positive months for gold in terms of returns (see table above).

 

"April has returned 1.4% per annum in the course of the current bull market since 2000.

 

"May has returned 1.75% per annum in the course of the current bull market since 2000.

 

"Interestingly, the last month of Q1 and Q2, March and June, have been negative in terms of returns.

 

"March in particular has seen the poorest returns for any month in the last 11 years with average falls of 0.6%.

 

"Therefore..."

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

Auguries—Doubling Down | Resource Clips

Auguries—Doubling Down | Resource Clips | Gold and What Moves it. | Scoop.it

by Kevin Michael Grace:

 

Gold was up (at press time) $44.90 (+2.8%) for the week to $1,676.60, and silver was up $0.68 (+2.1%) to $32.36. Fox Business attributed the gains to “Bill Dudley, the president of the New York Fed, signal[ing] that he is most likely in favour of providing additional [quantitative] easing as he gave a negative read on the economy.”

 

"According to Dudley, “It is still too soon to conclude that we are out of the woods, as underlined by the March labour market release. To begin with, the economic data looked brighter at this point in 2010 and again in 2011, only to fade later in those years.”

 

"Dudley explains why this column persists in putting inverted commas around the word recovery. As he noted, there was a false dawn two years ago and again last year. Meanwhile, governments continue to create oceans of liquidity and debt levels continue to soar, even as the US unemployment rate falls only because millions of Americans continue to give up on the idea of ever finding work.

 

"And too much liquidity is never enough. Europe has already blown through one trillion Euros, even as Spain and Italy slouch toward disaster, and the Continental banking system comes ever closer to insolvency..."

 

Click over for the rest as he looks at the past week's happenings. Hat tip to Peter Grandich at http://www.grandich.com/2012/04/things-223/ 

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

Useless Gold Overtakes Platinum | Adrian Ash | Safehaven.com

Useless Gold Overtakes Platinum | Adrian Ash | Safehaven.com | Gold and What Moves it. | Scoop.it
It's more than "interesting" that platinum prices are lagging gold... Gold has risen nicely since the meltdown following Lehmans' collapse, with the gold price in Dollars rising 130%.

 

Good read.

more...
No comment yet.