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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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Gold Bullion Coin Sales Jump 9% In December, But Decline 18% For The Year

Gold Bullion Coin Sales Jump 9% In December, But Decline 18% For The Year | Gold and What Moves it. | Scoop.it
Demand for physical gold increased in December as buyers took advantage of a recent pullback in gold prices. According to production figures from the U.S.

 

"Will gold bullion sales continue to decline? The recent implosion of MF Global along with unrestrained money printing by central banks should provoke some clear headed thinking by investors. Customers of MF Global who thought they had warehouse receipts for physical gold and silver were shocked to find that the bankruptcy trustee put all assets into a single pool to cover claims of all customers who have lost billions of dollars.


"Paper assets can be vaporized in an instant, even those that are allegedly backed by physical assets such as gold and silver. A question well worth pondering is "Could what happened at MF Global also happen to investors in the gold trust ETFs"?"

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Lear Capital: 3 Reasons Gold Is Headed Higher

"Where is the gold price headed from here? As we wound down 2011, gold prices slipped to multi-week lows. As prices slipped, reports again flooded the airwaves extolling the death of the gold bull market. As the New Year now rolls in, and year-end profit taking concludes, prices are ticking higher along with the price of silver, palladium and platinum. I personally think the death of the gold bull market has been greatly exaggerated. Perhaps you will agree.

 

"First, I don't believe Central Banks..."

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2011: Dud – or Springboard? - Casey Research

2011: Dud – or Springboard? - Casey Research | Gold and What Moves it. | Scoop.it
The Fed's $100 billion currency swap at the end of 2011 is just the latest reason why investors will soon be clamoring for more exposure to gold and gold stocks.If you're feeling like 2011 was a dud for your gold portfolio, we suggest you shake off...

 

"The Fundamental Case for Gold Remains Rock Solid

 

"Gold demand from investment and central banks grew tremendously last year. Further, the geography of gold buying was widespread, with big purchases coming from Europe during the initial bouts of their crisis and Japan after the Fukushima accident. Small investors and monetary authorities alike purchased gold due to economic, financial, monetary, and political concerns. Quite frankly, we see none of these factors changing anytime soon.

 

"Further..."

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India`s gold imports slumped in Nov, Dec - GOLD NEWS | Mineweb

India`s gold imports slumped in Nov, Dec - GOLD NEWS | Mineweb | Gold and What Moves it. | Scoop.it

"India, which imports all of its gold requirements, has registered a drastic fall in its imports for the month of December. Imports of the precious metal crashed to 35 tonnes in December, from the 75 tonnes registered in December 2010. The country's imports of gold slid 75% in November from a year ago period to 20 tonnes, according to estimates by the Bombay Bullion Association.


"Though India has two to three million marriages in a year, the high price of the yellow metal has ensured that not many people are ready to splurge on this prized metal anymore,'' said Prithviraj Kothari, president of the Bombay Bullion Association."

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Keep Your Eye On The Ball Of Gold Fundamentals

Keep Your Eye On The Ball Of Gold Fundamentals | Gold and What Moves it. | Scoop.it
My Dear Extended Family, On this first business day of the 2012 New Year, let us keep our eye on the ball of gold fundamentals.
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Junior-Gold Carnage

"Overall gold's 9%+ gain on the year so far would normally have been a harbinger of great things for gold stocks, but this was not the case. In fact, gold stocks have been acting as though their underlying metal was down 9%+ for the year!

 

"In taking the pulse of the gold-stock sector we can first look at the performance of the GDX Gold Miners ETF, represented by the red data series above. GDX is the most popular gold-stock ETF, offering investors exposure to the world's biggest and best gold-mining stocks. And it had a terrible year, falling by over 18%."

 

... 

"'After I finished laughing out loud, I realized that this was yet another confirmation that the fortunes of gold stocks are due for a change. Now in a sense this bald-headed anchor is correct, gold companies are indeed having trouble finding economic deposits at a fast-enough pace to renew reserves and grow production. But contrary to his logic, the fact that the supply chain is coming up short is exactly the reason for folks to invest in this sector."

 

Good article. Bears reading the whole thing.

 

Hat tip to Jim Sinclair http://www.jsmineset.com/

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R.I.P. Bill of Rights 1789 - 2011

R.I.P. Bill of Rights 1789 - 2011 | Gold and What Moves it. | Scoop.it
One of the most extraordinary documents in human history -- the Bill of Rights -- has come to an end under President Barack Obama. Derived from sacred principles of natural law, the Bill of Rights has come to a sudden and catastrophic end with the President's signing of the National Defense Authorization Act (NDAA), a law that grants the U.S. military the "legal" right to conduct secret kidnappings of U.S. citizens, followed by indefinite detention, interrogation, torture and even murder. This is all conducted completely outside the protection of law, with no jury, no trial, no legal representation and not even any requirement that the government produce evidence against the accused. It is a system of outright government tyranny against the American people, and it effectively nullifies the Bill of Rights.

 

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forex software | anna coulling

forex software | anna coulling | Gold and What Moves it. | Scoop.it

"Wishing everyone a very Happy 2012 – it’s going to be a real roller coaster with lots of volatility and potential for some great trades. If you are planning to make any New Year trading resolutions then you should include one which ignores 99% of what is said and written in the media. Stick to your charts & your own analysis – it’s just as good as the “experts”."

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2012 Outlook – Market, Economic, Social, Political and Life Commentary by Peter Grandich

2012 Outlook – Market, Economic, Social, Political and Life Commentary by Peter Grandich | Gold and What Moves it. | Scoop.it

"U.S. Dollar – Its main competition, the Euro, is in horrific shape at the moment and giving some wind behind the dollar’s sail. The problem with that is the Europeans have at least come face to face with the debt problem. Americans by and large still have their heads buried in the sand and have made an already bad problem worse. I don’t know the date or time, but the ability to kick the can down the road is nearing an end. The price to be paid will be enormous and shall eventually kill the U.S. Dollar.

I continue to believe the Canadian Loonie (dollar) is the only currency to own. I love Canada (I’m working on the Canucks part).

 

"Gold – Whatever lows we make in this current correction (worse case is the low $1400s, best case is low being put in very near term), I suspect it shall be well within the 1st quarter and by the time 2013 arrives, we shall be at new highs. The mother of all gold bull markets remains, IMHO."

 

Click over for his thoughts on the Stockmarket and other investment areas.

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U.S. National Debt Clock : Real Time

U.S. National Debt Clock : Real Time | Gold and What Moves it. | Scoop.it
US National Debt Clock : Real Time U.S.National Debt Clock...

 

Don't forget about this ticking clock.... Or is a time bomb?

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World’s Biggest Economies Face $7.6T Debt

World’s Biggest Economies Face $7.6T Debt | Gold and What Moves it. | Scoop.it
Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.
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Obama to ask for debt limit hike: Treasury official

Obama to ask for debt limit hike: Treasury official | Gold and What Moves it. | Scoop.it
WASHINGTON (Reuters) - The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior Treasury Department official.
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What’s going on at MF Global?

What’s going on at MF Global? | Gold and What Moves it. | Scoop.it
If you held an account with MF Global, then you are probably losing money faster than anyone else in the precious metals arena right now.

 

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Jesse's Café Américain: Corrections In The Gold Bull Market

Jesse's Café Américain: Corrections In The Gold Bull Market | Gold and What Moves it. | Scoop.it
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Americans buy record numbers of guns for Christmas - Telegraph

Americans buy record numbers of guns for Christmas  - Telegraph | Gold and What Moves it. | Scoop.it
Americans bought record numbers of guns last month amid an apparent surge in popularity for weapons as Christmas presents.

 

Gee... I wonder why?

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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.

 

Gold coming in at $1,602.00 right now. Nice to see it back over 1600 again. Silver doing well too at $29.53.

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Trader Dan's Market Views: Monthly Gold Charts - December 2011

Trader Dan's Market Views: Monthly Gold Charts - December 2011 | Gold and What Moves it. | Scoop.it

Worth a look at these two graphs. Not pictured here is the inflation adjusted graph and it says a lot about how high we've gone in gold.

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Charting The Extinction Of American Disposable Income | ZeroHedge

Charting The Extinction Of American Disposable Income | ZeroHedge | Gold and What Moves it. | Scoop.it
It was the best of times, it was the worst of times. Given today's excitement at a rallying equity market, we are already hearing chatter on raising GDP estimates even though macro data is benefiting from standard seasonal improvements.

 

"The man on the street's spend-ability has seen the worst five years' growth in half a century."

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Richard Russell - We are Watching Market History in Gold

Richard Russell - We are Watching Market History in Gold | Gold and What Moves it. | Scoop.it

With mounting fears over the recent plunge in gold and silver and continued volatility in markets globally, the Godfather of newsletter writers, Richard Russell, had this to say in his latest commentary: “This year's close for gold marks the 11th year for higher year end gold closing. To my knowledge this is the longest bull market of any kind in history in which each year's close was above the previous year. This fabulous bull market will not end with a whisper and a fizzle. I continue to believe that the upside gold crescendo of this bull market lies ahead. We are watching market history.”

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AuSecure's comment, January 3, 2012 11:43 AM
Totally agree! Love that he says we are "watching market history".
Hal's comment, January 3, 2012 1:37 PM
Yep. I've been keenly tracking now for several years and I certainly get the feel that what we are seeing is going to be one of the historical turning points.
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Michael Pento - Gold is The Last Reserve Chute to Be Deployed

Michael Pento - Gold is The Last Reserve Chute to Be Deployed | Gold and What Moves it. | Scoop.it

From King World News: "With trading commencing for 2012, today Michael Pento, of Pento Portfolio Strategies, writes for King World News to explain that as currencies continue to crash, the only reserve chute left will be gold: “With gold selling off about 20 percent in the last few weeks, there appears to be much confusion as to what, if anything, has changed for the bullish scenario. But the truth is not much. Gold is now and always has been a hedge against a falling dollar, which is the result of an inflationary monetary policy.”

 

"Michael Pento continues...."

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Twitter

Caterpillar Inc. Locks 500 Workers out of Plant after refusing to accept pay cuts http://t.co/g7KkQup4
Jan 03 via Tweet ButtonFavoriteRetweetReply

Employment and Manufacturing. A marriage on the rocks?

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Exposing American Banks' Multi-Trillion Umbilical Cord With Europe | ZeroHedge

Exposing American Banks' Multi-Trillion Umbilical Cord With Europe | ZeroHedge | Gold and What Moves it. | Scoop.it
One of the reports making the rounds today is a previously little-known academic presentation by Princeton University economist Hyun Song Shin, given in November, titled "Global Banking Glut and Loan Risk Premium" whose conclusion as recently...

 

"You've got insolvent banks supporting insolvent sovereigns and insolvent sovereigns supporting insolvent banks." In other words, trillions (about $3 trillion to be exact) in exposure to Europe hangs in the balance on the insolvency continent's perpetuation of a ponzi by a set of insolvent nations, backstopping their insolvent banks. If this is not enough reason to buy XLF nothing is."

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Calling the Bottom in Precious Metals | Adam Brochert | Safehaven.com

Calling the Bottom in Precious Metals | Adam Brochert | Safehaven.com | Gold and What Moves it. | Scoop.it

"Furthermore, Gold and silver have complete-looking corrections to me using both time and price. The late September swoon in the metals (Gold to low 1500s and silver to low 26 level in USD terms) was enough price damage, but the current re-test satisfies a time dimension that was needed to reset the sentiment in the sector. Now that we have re-tested the lows, all the experts have intelligent and coherent reasons for why the PM sector will continue to decline. I wish them well, but I am betting against them with everything I've got. I am now 100% long Gold stocks in my trading account and my physical metal stash has been improved by some timely holiday gifts of silver from Mrs. Claus."

 

hat tip to Peter Grandich http://www.grandich.com/

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Caught On Tape: Clerk Punches, Knocks Out Armed Robber

Caught On Tape: Clerk Punches, Knocks Out Armed Robber | Gold and What Moves it. | Scoop.it
HENDERSONVILLE, N.C. -- A clerk at a Western North Carolina business says he punched an armed robber, leaving him unconscious. Tuesday, December 27, 2011.

 

LOL

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Sen. Harry Reid's Unicorns: Fact Checking A Whopper - Forbes

Sen. Harry Reid's Unicorns: Fact Checking A Whopper - Forbes | Gold and What Moves it. | Scoop.it
Tax policy should be serious business carried out by serious politicians using real facts and figures. This is why we have the Library of Congress and the Congressional Budget Office, among other expert institutions.

 

"The millionaire’s tax is not about balancing the budget. It is about gaining political advantage through the use of envy and greed (two of the seven deadly sins)."

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