Gold and What Moves it.
82.6K views | +6 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!

Class Warfare Is Being Used To Divide America – And It Is Working

Class Warfare Is Being Used To Divide America – And It Is Working | Gold and What Moves it. | Scoop.it

I can certainly see this playing out this way. And when a collapse of the system comes, if it comes, things could be really bad.

 

"At a time when America desperately needs to come together, we are becoming more divided than ever. The mainstream media and most of our politicians love to pit us against one another in dozens of different ways, and right now class warfare has become one of their favorite tools for getting us to hate one another. If you are struggling in this economy, you are being told that "the wealthy" are the cause of your problems. If you have money, you are being told that the poor hate you and want to tax you into oblivion. Class warfare has already become a dominant theme in the 2012 race for the White House, and there will certainly be endless speeches given along these lines by politicians from both major political parties all the way up to election day. Class warfare will be used by both sides as a way to divide America and get votes. And the frightening thing is that it is clearly working. There is more hatred between the poor and the wealthy in America today than at any other time that I can remember. But hating people because of how much money they have or don't have is not going to solve anything. Instead, it is just going to cause more problems.

 

"The other day, Yale economics professor Robert Shiller told CNBC that the globe is already in a state of "late Great Depression". The United States is heading into unprecedented economic and financial problems and we desperately need to pull together as a country and solve these problems.

 

"But instead, our leaders are tapping into the politics of division in a desperate attempt to get elected in the fall..."

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

Why? – 21 Unanswered Questions That They Don’t Want You To Look Into

Why? – 21 Unanswered Questions That They Don’t Want You To Look Into | Gold and What Moves it. | Scoop.it
Do you ever get the feeling that the mainstream media is feeding you a very watered-down and twisted version of the news?

 

#2 Why does the TSA believe that it is necessary to pat-down a 7-year-old girl with cerebral palsy? Does touching the private areas of disabled little girls really improve our national security?

 

#5 Why is the Milwaukee Red Cross being told to prepare for an evacuation of Chicago?

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

Gold And Silver Bullion Coin Sales Plunge In April – What Is John Q Public Thinking?

Gold And Silver Bullion Coin Sales Plunge In April – What Is John Q Public Thinking? | Gold and What Moves it. | Scoop.it

"The latest sales figures from the U.S. Mint show a continuing trend of lower gold bullion coin sales. Sales of American Gold Eagle bullion coins hit an all time high in 2009 when the Mint sold 1,435,000 ounces. During 2010, sales declined to 1.2 million ounces and in 2011 only 1 million ounces of gold bullion coins were sold."

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

Twitter / Silver Watchdog: India's latest bridal jewe ...

India's latest bridal jewelery designs are pure silver or silver mixed with gold. Big trend change developing due to higher gold prices.
May 01 via TweetDeck Favorite Retweet Reply

India's latest bridal jewelery designs are pure silver or silver mixed with gold. Big trend change developing due to higher gold prices.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Citibank Analyst Extraordinarily Bullish Gold, Oil & US Dollar

Citibank Analyst Extraordinarily Bullish Gold, Oil & US Dollar | Gold and What Moves it. | Scoop.it

Tom Fitzpatrick tells King World News:

 

“With the exception of 2008, when everything obviously came down together in a mass washout in financial markets, gold has never been able to really move down much below its 55 week moving average. In every period it has done that, it’s been the platform for the next move higher..."

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

Richard Russell - A Chapter of the World Has Come to an End

Richard Russell - A Chapter of the World Has Come to an End | Gold and What Moves it. | Scoop.it

Richard Russell tells King World News about China's Watergate:

 

"China's Watergate -- A top Chinese official is accused of wiretapping the president of China. The man who was thought to be the future president of China, has been caught red-handed in a crime: wire-tapping the (current) president of China.

 

"Along with this crime, up to $180 billion is missing, and it is thought that there is a connection. China is the only dictatorship without one man (the dictator) in charge. China is ruled by a collection of dictators, and therein lies a problem -- fierce and deadly competition."

 

{This is rather interesting to me. I wonder what kind of market stress this could cause over time. Has me thinking of mob war.}

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

Ed Steer on Yesterday's $1.24 Billion Targeted Gold Slam Down Makes the Mainstream Press

Ed Steer on Yesterday's $1.24 Billion Targeted Gold Slam Down Makes the Mainstream Press | Gold and What Moves it. | Scoop.it

"You pretty much have to have been born yesterday to believe that it was a 'fat finger' that caused that 1-minute sell-off in gold." - Ed Steer

 

He also quoted this from Ted Butler:

 

"One standout feature to this week’s gold COT report was that the big 4, once again, reduced their net short position to a new low level not seen in years. This category of commercials is, therefore, well situated for a significant gold price rally. The big question is how aggressive they will be in selling short when that rally develops. While I would continue to label the gold COT structure as very bullish, the only thing that bothers me a bit is that the gold raptors are still net short 10,200 contracts. Most often, at past price bottoms, these raptors would be holding a net long position by now. This opens up the possibility that these gold raptors will still be gunning for lower prices to create more speculative selling. It also opens up the possibility that the gold raptors will have their heads handed to them, as happened last August. I’ll leave it to you to guess which I am rooting for."

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

Down She Goes – Market, Economic, Social, Political and Life Commentary by Peter Grandich

Down She Goes – Market, Economic, Social, Political and Life Commentary by Peter Grandich | Gold and What Moves it. | Scoop.it

From Peter Grandich:

 

"I’ve spoken about how there weremore bulls on the U.S. Dollar then anytime in the last decade yet it couldn’t get out of its own way. I suspected that they would become “stale” longs and begin to sell. I believe we’re at the beginning of such event. Look for gold and silver to do the opposite."

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

Trader Dan's Market Views: Gold Takedown Rejected

Trader Dan's Market Views: Gold Takedown Rejected | Gold and What Moves it. | Scoop.it

Trader Dan Norcini:

 

"Take a look at the following 5 minute chart and note especially the volume readings posted below each individual price bar. Look just past the 5:00 AM Pacific time hour and you will see the enormous volume spike accompanying the sharp downdraft that occured in the gold price dropping it $15 in the course of minutes. Analysts are still grasping for an explanation.

 

"The most common is that it was another one of those "fat fingered trades". Have you ever noticed how many fat fingered human beings apparently camp out in the trading community. Last time I checked a skinny finger could hit an "enter" key just as easily as a fat finger could.

 

"My view on this is that gold's psychology changed late last week as it..."

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

oftwominds-Charles Hugh Smith: When Data Is Spun, What Data Can We Trust?

oftwominds-Charles Hugh Smith: When Data Is Spun, What Data Can We Trust? | Gold and What Moves it. | Scoop.it

By Charles Hugh Smith:

 

"The government games the unemployment rate by keeping the labor force number artificially low. Despite the working-age population rising by 9.4 million people since 2008, the official labor force has been 154 million since 2008. Where did the government put all those millions new workers? In the “not in the labor force” category, which rose by roughly 8 million since early 2009. In other words, dropping millions of people from the labor force artificially lowers the unemployment rate.

 

"It doesn’t take any fancy analysis to conclude that if the true labor force were counted, then the unemployment rate would be much higher -- and that is, of course, politically unacceptable..."

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

22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression

22 Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression | Gold and What Moves it. | Scoop.it
What happens when debt-fueled false prosperity disappears?

 

"#1 The unemployment rate in Spain has reached 24.4 percent - a new all-time record high. Back in April 2007, the unemployment rate in Spain was only 7.9 percent.

 

#2 The unemployment rate in Spain is now higher than the U.S. unemployment rate was during any point during the Great Depression of the 1930s.

 

#3 According to CNBC, some analysts are projecting that the unemployment rate in Spain is going to go above 30 percent..."

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

U.S. data points to weaker economic momentum

U.S. data points to weaker economic momentum | Gold and What Moves it. | Scoop.it

By Jason Lange

 

"U.S. consumers boosted spending only modestly last month and a gauge of Midwestern business activity fell sharply in April, suggesting the economy entered the second quarter with less steam.

 

"The Commerce Department said on Monday consumer spending rose 0.3 percent last month, just below the median forecast in a Reuters poll.

 

"When taking into account inflation, which has been fed in recent months by higher gasoline prices, spending barely rose, advancing just 0.1 percent.

 

"The spending number is an indication that the higher gas prices we saw last month are taking their toll," said Todd Schoenberger, managing principal at the Black Bay Group in New York.

 

"The Commerce Department report also showed consumer income rose 0.4 percent last month. Analysts had expected a gain of 0.3 percent. After-tax income climbed 0.2 percent in March when accounting for higher prices.

 

"U.S. government debt prices rose as anxiety over economic weakness in Europe and slowing growth in the United States led investors to favor lower-risk investments. U.S. stocks edged lower.

 

"U.S. economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace. The economy grew at a 2.2 percent annual pace in the first three months of the year, data on Friday showed, a slowdown from the fourth quarter's 3.0 percent rate..."

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

When Fundamentals No Longer Apply, Review the Fundamentals - Sprott Asset Management

When Fundamentals No Longer Apply, Review the Fundamentals - Sprott Asset Management | Gold and What Moves it. | Scoop.it

By: Eric Sprott & David Baker

 

"This may not come as a surprise, but we're still not seeing it. We're not seeing a US recovery.

 

"Here we are, well into 2012, and the fact remains that the US housing situation is still a bust. There is simply no housing recovery happening in the United States. US New Home Sales fell for the fourth time in a row month-overmonth in March, representing a seasonally-adjusted annual rate of 328,000, down from 353,000 in February.1 Do you know what the annual rate of New Home Sales was back in 2006? About 1.21 million.2 No recovery there.

 

"Same goes for US Existing Home Sales, which fell unexpectedly by 2.6% in March to an annual rate of 4.48 million units.3 Again - would you care to know where they were in the same month back in 2006, before the financial system fell apart? Approximately 6.92 million units.4 No recovery there either...

 

"...Although the paper gold price has been range-bound over the past month, the physical gold market has been undergoing staggering change. Earlier this month it was revealed that Hong Kong gold imports into China totaled nearly 40 tonnes in the month of February, representing a 13-fold increase over the same month last year (see Figure 2).22 40 tonnes annualized equates to 480 tonnes per year - a massive number in a market that only produced 2,810 tonnes of mine supply in 2011..."

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

Eveillard had this to say [to King World News] about the gold market

Eveillard had this to say [to King World News] about the gold market | Gold and What Moves it. | Scoop.it

Eveillard had this to say [to King World News] about the gold market: “Even though I’m positive towards commodities, I don’t look at gold as a commodity. At the current level, I look at gold as a substitute currency. What matters is whether there is investment demand or investment supply.

 

"In other words, there has been good investment demand over the last ten years. Today, the central banks and a number of individuals like me, who are worried about the future, have been buyers. So, gold, I don’t look at it at all as a commodity.

 

"I’m saying that I continue to hold gold and possibly buy more because I think that the policies that are being followed will have negative unintended consequences that will appear at some point.”

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

Economics Throw-down!! Krugman vs. Ron Paul on Bloomberg TV --- Helicopters, Gold and More | Bloomberg | Safehaven.com

Economics Throw-down!! Krugman vs. Ron Paul on Bloomberg TV --- Helicopters, Gold and More | Bloomberg | Safehaven.com | Gold and What Moves it. | Scoop.it
Sparks flew when Paul Krugman and Congressman Ron Paul faced off today on Bloomberg TV's "Street Smart" with Trish Regan and Adam Johnson....

 

Click over for the video.

 

Here's a snippet as things started:

 

Congressman Ron Paul on Professor Paul Krugman's views:
"[Krugman] believes in big government, from what I read and hear, and I believe in very small government. I emphasize personal liberties. I don't like a managed economy, whether it's through central economic planning or monetary policy or even Congress doing it. It's a completely different philosophy that markets are supposed to work, you know, in a natural way."

 

"I want a natural rate of interest. I don't want the government or Federal Reserve fixing the rate of interest. That's price fixing...This idea that somebody or some group might know what the proper amount of money might be or what the proper rate of interest should be is sort of presumptuous. I don't where they get this knowledge...When we talk about electing a president or a Congress to run the economy better, they're missing the whole point. Governments aren't supposed to run the economy. The people are."

 

Krugman's response to Ron Paul:

"You can't leave the government out of monetary policy. If you think we're going to let it set itself, it doesn't happen. If you think you can avoid the government from setting monetary policy, you're living in the world that was 150 years ago. We have an economy in which money is not just green pieces of paper with faces of dead presidents on them. Money is a part of the financial system that includes a variety of assets - we're not quite sure where the line between money and non-money is. It's a continuum."


"History tells us that in fact a completely unmanaged economy is subject to extreme volatility, subject to extreme downturns. I know this legend that some people like that the Great Depression was somehow caused by the government or the Federal Reserve, but that's not true. The reality is it was a market economy run amok, which happens repeatedly...I'm a believer in capitalism. I want the market economy to be left as free as it can be, but there are limits. You do need the government to step in to stabilize. Depressions are a bad thing for capitalism and it's the role of the government to make sure they don't happen, or if they do happen, they don't last too long."

 

Zero Hedge has a good analysis of the conversation at http://www.zerohedge.com/news/guest-post-krugman-diocletian-neofeudalism ;

 

This snippet caught my eye:

 

"I find it quite disappointing that there has not been more discussion in the media of the idea — something Ron Paul alluded to — that most of the problems we face today are extensions of the market’s failure to liquidate in 2008. Bailouts and interventionism has left the system (and many of the companies within it) a zombified wreck. Why are we talking about residual debt overhang? Most of it would have been razed in 2008 had the market been allowed to liquidate. Worse, when you bail out economic failures — and as far as I’m concerned, everyone who would have been wiped out by the shadow banking collapse is an economic failure — you obliterate the market mechanism. Should it really be any surprise that money isn’t flowing to where it’s needed?"

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

The Golden Truth: Economy May Be Headed Into Free Fall Again

The Golden Truth: Economy May Be Headed Into Free Fall Again | Gold and What Moves it. | Scoop.it

Dave om Denver:

 

"...Put everything above into the same context and you have an economy that is starting into a free fall. Why does it not seem that way? 1) The mainstream media is regurgitating the b.s. that is fed to it by Wall Street and the Government, similar to the way Obama reads from his teleprompter (TOTUS - Teleprompter of the United States); 2) over 50% of all Americans receive some form of Government transfer payment, of which roughly 47 cents on every dollar is borrowed by the Treasury in order to make that payment. The Taxpayers of this country are providing one massive safety net that is making the true economic conditions seem less severe.

 

"This can't go on ad infinitum. At some point the U.S. debt creation machine will hit a wall..."

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

UK Manufacturing Output Falls, Raises Risk of Prolonged Recession

UK Manufacturing Output Falls, Raises Risk of Prolonged Recession | Gold and What Moves it. | Scoop.it
Manufacturing output in the UK surprised to the downside in April, as the exports orders of the country declined due to slowing eurozone economy, putting the British economy at a risk of prolonged recession.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Trader Dan's Market Views: Monthly Gold Charts

Trader Dan's Market Views: Monthly Gold Charts | Gold and What Moves it. | Scoop.it

Trader Dan:

 

"Isn't it amazing that some are so ready to call for an end to the bull market in gold. From a monthly chart perspective, there is nothing to indicate such an occurrence."

 

Click over for the charts and the rest of his comments.

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

Trader Dan's Market Views: FAT FINGER IN SILVER TOO?

Trader Dan's Market Views: FAT FINGER IN SILVER TOO? | Gold and What Moves it. | Scoop.it

Trader Dan on yesterday's precious metals "fat finger":

 

"No matter who did the trade, ( I remain of the opinion that this was a raid designed to knock the metal lower in hopes of creating a cascading running of downside sell stops), the fact is that it failed miserably. Besides, if it was a "FAT FINGER" ( a trade placed in error) how did the same fat finger knock silver down so sharply? Was that too a simple "error"."

 

{I find this episode hilarious as so many of us who have follow the metals know this is a common tactic to suppress metals. As Dan is aware.}

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

India, Japan Join China as Heavy Gold Buyers, Commodity Report by Financial Newsletter Profit Confidential | Virtual-Strategy Magazine

India, Japan Join China as Heavy Gold Buyers, Commodity Report by Financial Newsletter Profit Confidential | Virtual-Strategy Magazine | Gold and What Moves it. | Scoop.it
According to Michael Lombardi, lead contributor to Profit Confidential, there is mounting evidence of large amounts of buying in the gold market by India, Japan and China.
more...
No comment yet.
Scooped by Hal
Scoop.it!

[Yesterday's] $1.24 Billion Targeted Gold Slam Down Makes The Mainstream Press | ZeroHedge

[Yesterday's] $1.24 Billion Targeted Gold Slam Down Makes The Mainstream Press | ZeroHedge | Gold and What Moves it. | Scoop.it
For the first time in what may be ages, a phenomenon that has become near and dear to anyone who trades gold, and which at best elicits a casual smirk from those who observe it several times daily, we find that the WSJ has finally picked up on the...

 

Click over to read the rest from Tyler Durden.

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

GOLD’S HOUSE of CARDS | The Prospector Blog

GOLD’S HOUSE of CARDS | 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 run to gold is not brisk nor is it calculated, not yet at least. Unlike real estate, PM (precious metal) doesn’t have the luxury of artificial support funded by taxpayers; this is a good thing as you are soon to see. Some of you are growing discouraged with silver and gold because you perceive them as declining, this is far from the case. You want metals to rise, in dollars, each day or week no less. Since silver and gold stagger sideways more than forward, at least of late, some are beginning to question the two metals. My goal each week is to restore faith for some and make PM noticeable for others..."

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

Eric De Groot: Invisible Hand Pushing At Silver Again

Eric De Groot: Invisible Hand Pushing At Silver Again | Gold and What Moves it. | Scoop.it

Eric De Groot:

 

"Silver, a smaller and less monetary-driven market than gold, feels the effects of the invisible hand more violently than gold. A falling lease spread composite since late March reveals the hand's reemergence around $31.75. Negative lease spreads tend to reverse into weakness unless the trend becomes uncontrollable..."

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

Dutch central banker's memoirs confirm gold price suppression | Gold Anti-Trust Action Committee

Dutch central banker's memoirs confirm gold price suppression | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

"Dear Friend of GATA and Gold:

 

"With his new study, "Dr. Zijlstra's Final Settlement: Gold as the Monetary Cosmos' Sun," appended here, our good friend the Netherlands economist Jaco Schipper of MarketUpdate.nl today adds substantially to the growing documentation of the Western central bank gold price suppression scheme.

 

"Zijlstra is the late Dutch treasurer, prime minister, and central banker Jelle Zijlstra, in whose memoirs Schipper has found confirmations of that scheme, including a confirmation involving former Federal Reserve Chairman Paul Volcker, whose involvement in gold price suppression often has been noted by GATA:..."

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

Spain Falls Back Into Recession As Austerity Bites

Spain Falls Back Into Recession As Austerity Bites | Gold and What Moves it. | Scoop.it

by IBTimes staff reporter:

 

"First the United Kingdom, and now Spain: the latter's economy has joined Britain in tipping back into recession, after implementing austerity measures -- budget cuts and tax/fee increases -- designed to put the nation on a a long-term, sustainable fiscal track.

 

"Spain's recession will invariably spark a renewed debate between conservative/monetarist school economists and Keynesian economists.

 

"Conservatives argue that cutting government spending and balancing a fiscal budget is required to increase investor confidence to the point where investors deploy more capital, which will increase commercial activity, economic growth, and create new jobs.

 

"Conversely, Keynesians argue that to impose austerity measures in the form of large government spending cuts during a period of weak demand and not enough private sector investment to compensate for the public sector cuts, will tip an economy back into recession.

 

"Spain sank into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond, Reuters reported Monday..."

more...
No comment yet.