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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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The Truth About Expanding Consumer Credit

The Truth About Expanding Consumer Credit | Gold and What Moves it. | Scoop.it
How much deleveraging can the US afford?

 

{If you're in debt do everything you can to get out of debt.}

 

"[In] the past, if they wanted to expand their consumption beyond the constraint of incomes they turned to credit in order to leverage their consumptive purchasing power. Steadily declining interest rates and lax lending standards put excess credit in the hands of every American. (Seriously, my dog Jake got a Visa in 1999 with a $5000 credit limit) This is why during the 80's and 90's, as the ease of credit permeated its way through the system, the standard of living rose in America even while economic growth rate slowed in America along with incomes.

 

"Therefore, as the gap between the "desired" living standard and disposable income expanded it led to a decrease in the personal savings rates and increase in leverage. It is a simple function of math.


"Today, the situation is quite different and a harbinger of potentially bigger problems ahead. The consumer is no longer turning to credit to leverage UP consumption - they are turning to credit to maintain their current living needs." 

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Rise of the High Frequency Trading Robots

The beginning starts slow. Wait to see how market activity is influenced by high frequency tradining.

http://globaleconomicanalysis.blogspot.com/2012/02/rize-of-high-frequency-trading-robots.htm...
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The Golden Truth: Bureau of Lying Statistics

The Golden Truth: Bureau of Lying Statistics | Gold and What Moves it. | Scoop.it

{More are certain just how bad the BLS data was}

 

"Well, as you may have already read and I will further detail below, the jobs report in truth was extremely negative. It also shed more light on just how manipulative of statistics the Government has become. In fact, Government economic reports are so distorted from the truth now that it brings to mind both recollections of 1970's Soviet-style political gamesmanship and frightening Orwellian visions.

 

"The Government's Bureau of Labor Statistics (BLS - take the "L" out of "BLS" and you get "BS") released its version of this country's employment situation last Friday for the month of January. The reported number was a massive and unexpected increase in employment, with the BLS making the claim that 243,000 thousand people found jobs in January and the unemployment rate dropped to 8.3%. However - there's that "notwithstanding" conditional term again, as in "these numbers notwithstanding the truth" - a close look beneath the reported and appallingly cheered headlines reveals a very ugly truth about the quality and reliability - or lack thereof - of Government statistical reporting - especially in a Presidential election year."

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Study credits 'app economy' with 500,000 U.S. jobs

Study credits 'app economy' with 500,000 U.S. jobs | Gold and What Moves it. | Scoop.it
Led by apps for mobile devices, the 'app economy' is responsible for almost half a million new jobs in the U.S., estimates a new study sponsored by CEO network TechNet. But the study doesn't count jobs displaced by apps.

 

{Seriously? That many jobs created to write apps? Note that the article makes the point that from the report "that these are estimates and "may represent 'jobs not lost' rather than net jobs gained."}

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India: Government Estimates 2011-2012 Economic Growth at 6.9 Percent

India: Government Estimates 2011-2012 Economic Growth at 6.9 Percent | Gold and What Moves it. | Scoop.it
Commenting on the GDP growth estimates, Planning Commission deputy chairman Montek Singh Ahluwalia said: "The 6.9 percent is consistent with what we have been saying."

 

Growth has slowed after the Reserve Bank of India raised rates by a record amount from 2010 until October last year to fight price increases. Also Europe’s debt crisis has added to the government’s attempts to attain foreign investments.

 

The government expects manufacturing output to grow 3.9 percent this fiscal year compared with a 7.6 percent increase a year earlier. Farm output is expected to rise 2.5 percent, compared with 7.0 percent.

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Consolidate Your Holdings and Save Your Money « Jim Sinclair's Mineset

In this interview, Ellis Martin speaks with Jim Sinclair about the "positive employment outlook" reported by the government and the media and the exuberance associated with it. Where do these numbers come from? Mr. Sinclair also has compelling advice for the listener regarding how to protect oneself from the ultimate endgame related to Quantitative Easing and the decline of the dollar. What is China’s direct influence or input in QE 3? Is it in their best interests to prop up the dollar and the US economy? How relevant is the Yuan?

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Spiegel: "It's Time To End The Greek Rescue Farce" | ZeroHedge

Spiegel: "It's Time To End The Greek Rescue Farce" | ZeroHedge | Gold and What Moves it. | Scoop.it
Back in July of 2011, when we first predicted the demise of the second Greek bailout package, even before the details were fully known in "The Fatal Flaw In Europe's Second "Bazooka" Bailout: 82 Million Soon To Be Very Angry Germans, Or How Euro...

 

"Perhaps, the Greece rescuers on both sides of the negotiating table should try being honest for a change. Here's the truth: If the country is to lastingly reduce its mountain of debt and, at some point, be able to borrow money on the capital markets again, then it needs a comprehensive debt haircut. In other words, it needs to go bankrupt."

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Richard Russell: Watch Gold...2012 Fated to be a Monster Year - Ed Steer's Gold & Silver Daily

Richard Russell: Watch Gold...2012 Fated to be a Monster Year - Ed Steer's Gold & Silver Daily | Gold and What Moves it. | Scoop.it

Ed Steer has a chart from an Australian reader titled "America's Vanishing Workforce" that is worth a look.

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Peter Grandich Says Be Happy-But Don’t Be Stupid With Your Investments-Gold–02-07-2012 | kerrylutz.com

Peter Grandich Says Be Happy-But Don’t Be Stupid With Your Investments-Gold–02-07-2012 | kerrylutz.com | Gold and What Moves it. | Scoop.it

Peter Grandich was still in a mild state of euphoria over the victory of his New York Giants. Peter urges you not to be fooled by the so-called investment pros who are always trying to make things look much better than they really are. He calls them the, “Don’t Worry, Be Happy,” crowd, because they’re always playing up the positive and dismissing the negative. Not a good plan for long term financial success.

 

{i'm tuning into listen. I like the Grandich approaches the markets}

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In The News Today « Jim Sinclair's Mineset

In The News Today « Jim Sinclair's Mineset | Gold and What Moves it. | Scoop.it

Jim Sinclair’s Commentary

 

"The official definition of an extremist? oh my!"

 

FBI warns of threat from anti-government extremists

 

By Patrick Temple-West

 

Mon Feb 6, 2012 7:21pm EST

(Reuters) – Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday.

 

These extremists, sometimes known as "sovereign citizens," believe they can live outside any type of government authority, FBI agents said at a news conference.

 

The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard.

 

{Catch that last bit? Good grief. Perhaps this is how they will confiscate gold.}

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Embry - Gold’s Rise Will Shock Market Participants This Year

Embry - Gold’s Rise Will Shock Market Participants This Year | Gold and What Moves it. | Scoop.it

John Embry on King World News:

 

"“Accompanying the phony jobs number were all sorts of wonderful headlines in the mainstream press about how the US economy was firm and there were signs of recovery and so on. The fact they said there were 243,000 jobs created is ridiculous. When you couple all of this with the fact that sentiment in gold and silver is so bad, this sort of quiet gain, I mean gold has risen the better part of $200 since the end of the year, that’s a lot in a short period of time.

 

"I still believe this is all just a precursor to what will be the finest year we’ve ever had in this bull market. The best up year, so far, in this gold bull was 36% and I would be surprised if that number were not obliterated this year. This will continue to be a very strong year for the precious metals and it will leave many market participants shocked.”"

 

{I respect Embry. But when I read the headline of this I was kind of like, Duh. And that's simply because the the market participants Embry is talking about are all in when it comes to their faith in a fiat currency system.}

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Peter Schiff Speaks to James Rickards, Author of Currency Wars | Silver For The People - The Blog

Peter Schiff Speaks to James Rickards, Author of Currency Wars | Silver For The People - The Blog | Gold and What Moves it. | Scoop.it

"Interestingly, Currency War III, which began in 2010, is really a tug-of-war between the natural deflation coming from the depression that began in 2007 and policy-induced inflation coming from Fed easing. The deflationary and inflationary vectors are fighting each other to a standstill for the time being, but the situation is highly unstable and will “tip” into one or the other sooner rather than later. Inflation bordering on hyperinflation seems like the more likely outcome at the moment because of the Fed’s attitude of “whatever it takes” in terms of money-printing; however, deflation cannot be ruled out if the Fed throws in the towel in the face of political opposition."

 

{It's going on right in front of our eyes.}

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Eric De Groot: A denial, a denial

Eric De Groot: A denial, a denial | Gold and What Moves it. | Scoop.it

"Today's labor reports reminds me of the Nirvana video, "Smells like Teen Spirit".

 

A denial, a denial
A denial, a denial
A denial, a denial
A denial, a denial
A denial"

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The Foreclosure Fraud Fantasy | Silver For The People - The Blog

The Foreclosure Fraud Fantasy | Silver For The People - The Blog | Gold and What Moves it. | Scoop.it

{The following bit jumped off the page to me as truth.}

 

"What the media continues to deliberately obscure is what is actually being negotiated here. You can’t ‘negotiate away’ 10’s of millions of fraud-infected mortgage documents. All that is currently being done with this “deal” is to absolve the Wall Street fraud-factories of responsibility for the this massive, deliberate, systemic fraud – which will permanently cripple the U.S. housing market."

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oftwominds-Charles Hugh Smith: Has Derivatives Deleveraging Fueled the Stock Rally?

oftwominds-Charles Hugh Smith: Has Derivatives Deleveraging Fueled the Stock Rally? | Gold and What Moves it. | Scoop.it

"A mad scramble to avoid insolvency as Greek default becomes likely may be driving the rally in equities.

 

"Deleveraging typically means selling assets to raise cash to meet margin calls or pay debts coming due. But there may be another twist to deleveraging that has fueled the manic market rally since late December."

 

{may make your head spin but this is a thought provoking.} 

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Diversifying Across Asset Classes

Diversifying Across Asset Classes | Gold and What Moves it. | Scoop.it

"Behind the scenes, there is a major bull market developing in tangible assets. Does this mean that people are suddenly a lot richer than they were 3 years ago? No. It means the wealthy see what’s coming, and they are hedging accordingly. Top-shelf artwork serves more or less the same purpose as gold with less risk of confiscation. It is a very wise move as far as I’m concerned."

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France Posts Record High Trade Deficit, While German Industrial Output Also Drops

France Posts Record High Trade Deficit, While German Industrial Output Also Drops | Gold and What Moves it. | Scoop.it

France’s trade deficit reached an all-time high last year – amounting to about 69.6-billion euros -- raising serious questions about French competitiveness and its ability to cope with rising energy import costs and climbing labor expenses.

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PIMCO Leader Likes Oil, Gold over Stocks - International Business Times

PIMCO Leader Likes Oil, Gold over Stocks - International Business Times | Gold and What Moves it. | Scoop.it

(REUTERS) -- Given the fragile state of the global economy and brewing geopolitical risks, investors should be underweight equities while favoring "selected commodities" such as gold and oil, Mohamed El-Erian, CEO and co-chief investment officer of bond fund giant PIMCO, told CNBC on Tuesday.

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TF Metals analysis

You should go view TFMetals analysis today: "As the POSX breaks down, the metals are charging higher. Here are some updated charts."

 

http://www.tfmetalsreport.com/blog/3355/quick-chart-update 

 

Note that MFGlobal continues to have an affect: "As you likely know, volume and participation have decreased considerably post-MFG. This leaves us with The Cartels and The WOPRs as the primary determinants of paper price and most WOPRs are set to buy/sell based upon minute movements in the POSX."

 

 

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The New Reason Gold Stocks Will Soar - Casey Research

The New Reason Gold Stocks Will Soar - Casey Research | Gold and What Moves it. | Scoop.it
Gold producers are earning record revenues and profits, but there's an even more compelling reason to expect share prices to soar.Ask yourself why you own gold. Is it because it's just another asset that offers diversification?

 

"What's interesting to note is the shift in the number of investors wanting exposure to gold. Many who ignored it a decade ago are now buying. Those who started buying, say, five years ago, continue purchasing it today in spite of paying twice what they paid then. Slowly but surely, it's becoming more important to more people. To wit, increasing numbers of investors are viewing gold as a must-own asset." - Jeff Clark

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Trader Dan's Market Views: Chairman Bernanke off the Administration Reservation

Trader Dan's Market Views: Chairman Bernanke off the Administration Reservation | Gold and What Moves it. | Scoop.it

"Whoops - Bernanke went and did the exact opposite by basically confirming 100% what many of us have been saying about last week's government propaganda publication on the jobs situation here in the US. I am paraphrasing what his comments were this morning in front of the Senate Budget Committee but they were blunt and direct when he said that the 8.3% unemployment rate in January understated the real weakness present in the US labor market."

 

{Trader Dan goes on to explain just what Ben said about the jobs data that are coming from President Obama's administration. Kind of makes me wonder if Ben may not be joining the unemployment rolls.}

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Greg Weldon - The Fed is Hoping to Avoid a Nightmare

Greg Weldon - The Fed is Hoping to Avoid a Nightmare | Gold and What Moves it. | Scoop.it

Greg Weldon: "The markets are merely ... ‘going where the wind blows’ ... and right now, the monetary wind has stiffened, in the direction of 'easier' monetary policy.”

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Rick Rule - Critical Differences Between Gold Bull Today vs 70s

Rick Rule - Critical Differences Between Gold Bull Today vs 70s | Gold and What Moves it. | Scoop.it

Rule also had this to say about how this will end: “It is my belief today that we have a chance to go substantially higher in the gold market. In the 70s the world economies were in better condition to deal with the stresses they experienced in the late 1970s than they are today. And as a consequence of heading into serious difficulties, with weakened national balance sheets, the potential for an upside blowout in the metals price is stronger now than it was in the 1970s."

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Ben Bernanke gives gold investors reason to smile

Ben Bernanke gives gold investors reason to smile | Gold and What Moves it. | Scoop.it

{Currency War, folks. Currency War. If you need a good example click over and read the full article. Pretty enlightening on things and where gold is going}

"Bernanke and the Fed aren’t the only central bankers in the fiscal and monetary bullring. Brazil has cut its benchmark interest rate a few times and China lowered its reserve rate for banks in December. According to ISI Group, 78 “easing moves” have been announced around the world in just the past five months as countries look to stimulate economic activity.

 

"One of the main weapons central bankers have employed is money supply, which has created a ton of liquidity in the global system. Global money supply rose eight percent year-over-year in December, or about $4 trillion, according to ISI. I mentioned a few weeks ago how China experienced a record increase in the three-month change in M-2 money supply following China’s reserve rate cut.

 

"Together, negative real interest rates and growing global money supply power the Fear Trade for gold. The pressure these two factors put on paper currencies motivates investors from Baby Boomers to central bankers to hold gold as an alternate currency."

 

{hat tip to Peter Grandich}

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I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics?

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? | Gold and What Moves it. | Scoop.it

"On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can read the full employment report right here. Based on this news, pundits all over the world were declaring that the U.S. economy is back. Stocks continued to rise on Friday and the Dow is hovering near a 4 year high. So does this mean that our economic problems are over? Of course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month."

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