Gold and What Mov...
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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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Audacious Gold Manipulation

Audacious Gold Manipulation | Gold and What Moves it. | Scoop.it

TF Metals:

 

"Look, we all know that gold and silver have been manipulated and suppressed for years. For traders and stackers, the ongoing manipulation has just become a simple fact of life. The suppression is so regular that it can be used as a sort solunar table for those only wishing to "hunt" at the optimal hour.

 

"However, this regularity and predictability should gall you instead. At it's core, it is sheer lawlessness or, stated differently, an absolute indifference to the rule of law or the concept of free markets. In a "normal" course of events, one wouldn't dare attempt to manipulate a market for fear of being caught. This fear would undoubtedly cause someone attempting to manipulate a market to do so in darkness, so as to avoid detection and, ultimately, prosecution.

 

"What are we to make, then, of blatant manipulation in broad daylight? The simplest answer, I believe, is that the manipulator has no fear of being caught..." 

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Richard Russell - Gold to Take Out $1,800 as Tangibles Soar

Richard Russell - Gold to Take Out $1,800 as Tangibles Soar | Gold and What Moves it. | Scoop.it

Richard Russell tells King World News:

 

“I've been reading two issues of my favorite magazine -- The Economist. They read like doomsday editions. Car makers in Europe (Germany is an exception) are doing poorly. The electronics business in Japan is lousy. Taxis in NYC are having a hard time -- a medallion in the City cost over a million bucks! The pharmaceutical industry is seeing hard times. Britain is nearly in depression. The Greek mess is still far from settled.

 

"It seems to me, after reading the Economist, that the world is definitely being affected by deflation. Yet the strange thing is that the price of art and jewelry is going through the roof. Why? It's obvious (at least to me) that multi-millionaires and billionaires are placing huge amounts of money in tangibles and auctioneers can't believe the prices some of their top items are bringing in..."

 

{Note that secong paragraph? The folks with money are once again getting a heads up on what's coming and taking appropriate action.}

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Eric De Groot: Gold And Silver, Easy As A-B-C-D

Eric De Groot: Gold And Silver, Easy As A-B-C-D | Gold and What Moves it. | Scoop.it

"Today's guardedly optimistic but really to scare to participate illustrates a classic A-wave advance in gold and silver."

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SILVER STORAGE | The Prospector Blog

SILVER STORAGE | The Prospector Blog | Gold and What Moves it. | Scoop.it

"It’s hard not to notice silver these days especially when prices are up over 25% in 2012 with ten months left on the calendar. I have no doubt some of this gain attributed to 2011′s year-end sell off but most gain is due to folks like you realizing those behind the monetary wheel are doing no one favors, not at his point. If you are one of the many using silver to preserve wealth I urge you to pay close attention to today’s post because buying is good but only good as an efficient means of storage. I know by the number of comments plenty of readers are more than concerned how or where to safely store silver. Let’s dive in..."

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oftwominds-Charles Hugh Smith: The Perfection of Crony Capitalism: Use Regulation to Destroy Competitors

oftwominds-Charles Hugh Smith: The Perfection of Crony Capitalism: Use Regulation to Destroy Competitors | Gold and What Moves it. | Scoop.it

"Crony capitalism uses its wealth to impose government regulations designed to hinder, cripple and destroy small business competitors.

 

"In the U.S. we now have the perfection of cloaked crony capitalism: corporate cartels use their vast concentrations of capital and revenue to buy the political leverage needed to write regulations specifically designed to eliminate competition."

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What To Expect in the Final Week Of February for Precious Metals, Gold Stocks and Dollar | Chris Vermeulen | Safehaven.com

What To Expect in the Final Week Of February for Precious Metals, Gold Stocks and Dollar | Chris Vermeulen | Safehaven.com | Gold and What Moves it. | Scoop.it
This morning we are seeing the US Dollar index move higher retesting a short term breakdown resistance level. What this means is that the dollar fell below support and is not slowing drifting back up to test the breakdown level.
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Analysis: U.S. factory jobs rebound seen destined to fizzle

Analysis: U.S. factory jobs rebound seen destined to fizzle http://t.co/f3pCEMvU
Feb 27 via Tweet Button Favorite Retweet Reply

Analysis: U.S.factory jobs rebound seen destined to fizzle http://t.co/f3pCEMvU...
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Leeb - What to Look for Next in Gold, Silver Oil & Copper

Leeb - What to Look for Next in Gold, Silver Oil & Copper | Gold and What Moves it. | Scoop.it

Stephen Leeb tells King World News:

 

“I think scarcity in oil is a dramatic tailwind for gold. Politicians will inflate. They don’t want oil to bring down the economy like it did in 2008. Remember, this inflation will take place with commodity prices already high. So this will create significant inflation.

 

"This means higher gold and silver. Gold at $3,000 by the end of the year, easy. Silver $60, $70, easy. What else do you buy? What currency do you buy? Do you buy the euro or the dollar when we are inflating? You can’t buy the Chinese yuan because it’s not freely traded.

 

"Do you buy the yen with the Japanese pumping money into their economy? There are no other answers. Gold right now is the de facto reserve currency in the world...."

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Jesse's Café Américain: What Is the 'Spot Price' of Gold and Silver?

Jesse's Café Américain: What Is the 'Spot Price' of Gold and Silver? | Gold and What Moves it. | Scoop.it

"This is a partial reprise of a post from two years ago. The question has again arisen about the discrepancy between the spot price of gold and silver, and the prices shown on the front month of the futures market.

 

"When you ask even an experienced trader, or even an economist who may have received a Nobel prize, 'What is the spot price, where does it come from, who sets it?' you will often hear that this is the last physical trade, or the current market price of physical bullion for delivery.

 

"Here is a fairly typical explanation one might get from an 'industry expert.'

 

"That is why the New York Spot Price is different from the London Gold Fix price. The spot price changes on a regular basis, just as stock prices do, and reflects the bid and ask prices quoted by wholesale dealers for spot delivery."

 

"Well, does it?

 

"Actually despite what you might think or what you might have heard, it does not..."

 

{Click over for the rest of the indepth writing}

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LATimes notes that 'the gold market is moving east' | Gold Anti-Trust Action Committee

LATimes notes that 'the gold market is moving east' | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

David Pierson:

 

"A bit player only a decade ago, China has emerged as one of the most important forces in the global gold market, helping fuel the rising value of the precious metal.

 

"Already the world's largest producer -- it overtook South Africa in 2007 -- China is now bedecking itself in bling. It's on track to become the globe's largest consumer of gold as early as this year, knocking off India, whose elaborate wedding dowries kept it on top for years.

 

"Some of China's gold is going to its central bank as the government quietly boosts reserves. But the biggest driver is Chinese consumers. They're snapping up jewelry, coins, and bars as a hedge against inflation and to flaunt their rising wealth."

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Monetary gold to act more visibly in inter-government finance

Monetary gold to act more visibly in inter-government finance | Gold and What Moves it. | Scoop.it

Julian Phillips: 

 

"Attention must now move to building more buffer funds to protect against Portugal and Spain following Greece. The banks have had time to re-capitalize with cheap E.C.B. funds, which came indirectly from the U.S. [Swaps]. So preparations, to guard against more money storms, have been made. The banking system is liquid [and will be kept so, not matter the cost] and the G-20 has told Europe to put up more of its own money to firewall itself.

 

"Does this cure the disease, no! Growth may, but meantime the fundamentals for gold improve steadily The test will come, inevitably, to see if confidence lies in governmental moves to repair the system or overwhelming realities show these as insufficient. Where are you putting your money? As insurance, we can see gold acting more visibly in government finances [as we saw in Greece]. This is not a matter of choice by governments but a reflection of need, as extreme times start to spread in different parts of the world. The developed world is not immune to this."

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Factors leading to paradigm shift in metals commodities pricing - POLITICAL ECONOMY | Mineweb

Factors leading to paradigm shift in metals commodities pricing - POLITICAL ECONOMY | Mineweb | Gold and What Moves it. | Scoop.it

Declining ore grades, rising energy costs, global growth and politico-economic factors are all part and parcel of a fundamental shift in metals commodities economics and pricing.

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Please Read This Extremely Important Post

Please Read This Extremely Important Post | Gold and What Moves it. | Scoop.it

TF Metals has a good post and analysis of gold and silver that was put out on Saturday. 

 

It begins: 

 

"I hope you're ready. Everything that has transpired since May in silver and September in gold has led us to this moment. The next five to seven trading days will tell us everything. Either the metals will win their individual Battles Royale or they won't. If they win, price will accelerate to the upside. If they fail, the metals will likely settle into another sideways consolidation that lasts well into spring. I, for one, can't wait to find out!"

 

Click the title to read the post.

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Jim’s Mailbox has a piece on #mining shares « Jim Sinclair's Mineset

Bill Holter:

 

"Attached is a chart [see website] for the HUI index going back 3 years on a weekly basis. I usually do not talk or write about charts because they can and are "painted" to make a picture that the "planners" want us to see. In my opinion, they have painted themselves into a corner where the mining stocks are concerned. So what does this mean to you? It means that IF you have endured and held on to your mining shares and not been scared out, you will FINALLY get paid and get paid BIG! Let me explain."

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Tips for Surviving the Second Phase of this Global Economic Crisis and Future Financial Armageddon | The Underground Investor

Tips on how to survive the coming financial armageddon.

 

I like a lot of what Kim has had to say in the past and here he answers a question from Twitter in video format that you might find worth your time.

 

 

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Silver & Gold Looking at Gains on Week Despite “Dull Markets” and “Muted Demand” in India and China | The Daily Gold

"“Silver has finally broken out of its sideways range,” says Russell Browne, technical analyst at bullion bank Scotia Mocatta.

 

“We have also cleared the previous resistance at $35.16…and this level should now start to act as support.”

 

"Stocks and commodities were relatively flat going into this weekend’s G20 meeting, while government bond prices ticked higher.

 

"Heading into the weekend, gold bullion at Friday lunchtime looked set for a weekly gain of over 3%, with silver looking at a gain of over 6% on last Friday’s close."

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oftwominds-Charles Hugh Smith: This Is Small Business in America: Burdened, Crushed, Doomed

oftwominds-Charles Hugh Smith: This Is Small Business in America: Burdened, Crushed, Doomed | Gold and What Moves it. | Scoop.it

"...it's very easy for well-paid pundits who have never started a single real enterprise or met a single payroll to pontificate about "opportunity" and small business as the engine of growth, blah blah blah. It's also easy for those with no actual experience to reach all sorts of absurd conclusions about how easy it is to turn a small business into great wealth. (No, Bain Capital or other Wall Street outposts of financialization are not "small business.")

 

"In real life, it's only easy to run a small business into the ground, especially when there's a thousand tons of junk fees, taxes and useless bureaucratic requirements on your back. Lest you think this an exaggeration, consider that it took two years and $200,000 to open an ice cream parlor in a vacant retail space..."

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Gold Remains The Best Alternative To Paper Money

Gold Remains The Best Alternative To Paper Money | Gold and What Moves it. | Scoop.it
Two examples of the frustrations that some gold investors have gone through in the past year offers a valuable lesson to long term gold investors.
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Is Gold Money? Iran Says Yes - Casey Research

Is Gold Money? Iran Says Yes - Casey Research | Gold and What Moves it. | Scoop.it
In the face of Western sanctions over its nuclear program, Iran is taking radical steps – which could have a profound impact on world trade – to acquire food and basic necessities for its people.

 

"But gold is not out of the equation yet. The US-initiated sanctions were effective, at least in the sense of making international institutions avoid the pariah nation. Reuters reported that Iran has failed to organize imports of even basic food staples for its population of 74 million. Prices on local markets rose sharply; and as the country nears parliamentary elections on March 2, the government is taking radical steps to provide citizens with basic necessities. One of those unconventional solutions was offering gold as barter for food."

 

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Jesse's Café Américain: Performance of Stocks, Bonds, and Gold In an Inflationary Environment

Jesse's Café Américain: Performance of Stocks, Bonds, and Gold In an Inflationary Environment | Gold and What Moves it. | Scoop.it

"As one might suspect, the credibility trap in which the financial engineers find themselves causes occasional outbursts of hysterical animosity and antagonism against the reactions of the markets, and the reality of their own economic chickens coming home to roost.

 

"This is a recipe for disaster, and we can thank the Anglo-American banking cartel, and their gullible accomplices in the other western banks, for it when it happens. When Dick Cheney said, "Reagan proved that deficits don't matter" what he did not realize was that he was reading the epitaph for the dollar reserve currency system that had been in place since the end of WW II. They do matter, but sometimes the lags in time between cause and effect can be deceptively reassuring.

 

"And not to be mean, but Modern Monetary Theory is little more than Dick Cheney in a better suit of clothes with a more expansive vocabulary and a set of sophisticated arguments to essentially support the same self-serving conclusions.

 

"Debt may not matter in the short run, and Keynes had some very good and valid points to make about government stimulus during short periods of economic slumps to avoid feedback loops and the spiral of decline. As an aside I wonder, if Keynes came back and saw what his acolytes were saying in his name, if he could stop throwing up. When he found new facts he changed his mind, and I suspect he might have changed his and strongly cautioned against turning a remedy into an addiction to support habitual corruption and unsustainable privilege. But I do not if he was that honest of a intellect, or would have merely gone along with the rest for the benefits of his class."

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Indian gold ETF investment doubled last year - and set to surge

Indian gold ETF investment doubled last year - and set to surge | Gold and What Moves it. | Scoop.it

Shivom Seth:

 

"Banks dealing in bullion and importing houses in India might have put the brakes on importing gold in the country, but Indian investors just cannot keep away from gold. If not in the physical form in terms of jewellery, gold biscuits or gold coins, small investors, corporate houses in India and small and medium enterprises (SMEs) have decided to go the a stage further and invest in paper gold.

 

"The country's purchase of gold electronic traded funds (ETFs) doubled in 2011 as corporates and SMEs invested heavily in what has been termed by retailers a traditional favourite of wealthy individuals and higher middle class households in India."

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Philadelphia Fed president notices that Fed is rigging markets | Gold Anti-Trust Action Committee

Philadelphia Fed president notices that Fed is rigging markets | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

"Philadelphia Federal Reserve Bank President Charles Plosser said that central bank purchases of mortgage-backed securities may be an inappropriate foray into policy that should be conducted by the U.S. Treasury.

 

"When the Fed engages in targeted credit programs that seek to alter the allocation of credit across markets, I believe it is engaging in fiscal policy and has breached the traditional boundaries established between the fiscal authorities and the central bank," Plosser said according to prepared remarks of a speech he's giving in New York today.""

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IMF data entry error on Swedish gold reserves disclosed

IMF data entry error on Swedish gold reserves disclosed | Gold and What Moves it. | Scoop.it

"In an embarrassing admission, the IMF put out a statement today as follows: "Due to a data entry error, the latest update of International Financial Statistics included an incorrect figure for Sweden's gold holdings at end-January. Sweden's gold holdings were 4.042 million ounces at the end of January 2012, unchanged from the previous month. The IMF apologizes for any inconvenience caused and will correct the online database shortly. ""

 

{So can we really trust them? And what about other Central Bank numbers?}

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