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

On news that the IMF says it has received firm commitments of more than $430bn.

 

Jim Sinclair said:

 

"Locked and loaded. QE to infinity, which is debt monetization on steroids because you have no clue how terrible the wrath of the collapsed 2008-2009 OTC WMD derivatives still are. The collapse of 2013 – 2015 will be a horror to behold. The mortal sin of the FASB is that it remains deeply hidden from anyone’s view, being painted solvent by the blessing of the gatekeepers of auditing, the supposed soul of truth and transparency. Surely FASB will be damned as OTC WMD derivatives are not a victimless crime."

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Eric De Groot: Money Flowing Into Gold and Silver on Weakness

Eric De Groot: Money Flowing Into Gold and Silver on Weakness | Gold and What Moves it. | Scoop.it

Eric De Groot says: "Money has been flowing into silver and gold as they bounce along the bottom."

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Buying gold at discount | The Daily Gold

Buying gold at discount | The Daily Gold | Gold and What Moves it. | Scoop.it

by Will Bancroft:

 

"China has been trying to diversify her foreign exchange reserves for some time. We are all familiar with the figures released by the likes of the World Gold Council about Chinese gold investment demand, as well as statistics showing official gold imports through Hong Kong into the Chinese mainland. Chinese reserves contain only 2% gold, compared to nearly 10% for India and Russia, and figures in the 70th percentile for developed nations such as the USA and Germany.

 

"China is getting out of paper and into gold as fast as she can, because she simply doesn’t have enough of old yella’. Any effort to internationalise the RMB will not work until it is a trusted enough currency. One of the key ways to achieve trust is larger gold reserves.

 

"It is not just the PBOC that is on the gold rush, since opening up the domestic gold market individuals are also allowed to invest in gold. The Chinese still have a limited range of savings and investment options open to them (one of the reasons why so much money flowed into their property bubble), and gold continues to shine when other investment options (especially the Chinese stock market) are being questioned..."

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Twitter / Jim Rickards: Fact that #Fed is working ...

Fact that #Fed is working so hard on its communications strategy shows they're certainly lying. It takes almost no effort to tell the truth
Apr 20 via web Favorite Retweet Reply

Fact that #Fed is working so hard on its communications strategy shows they're certainly lying.
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Iran And India: A Tangled Web Of Oil And Geopolitics

Iran And India: A Tangled Web Of Oil And Geopolitics | Gold and What Moves it. | Scoop.it

"India and Iran have had a long relationship stretching back to ancient times. Iranian (or Persian) influence has produced a deep imprint upon Indian art, poetry, architecture and literature. With periodic invasions, military adventures and constant cross-migrations between the two empires, the people of Iran and northern India share many cultural and ethnic characteristics.

 

"In the 21st century, the relations between these two great nations must be framed along the lines of geo-politics and oil, rather than art and culture.

 

"Although India was greatly worried by the 1979 revolution in Iran that toppled the Shah and established an Islamic state, New Delhi and Teheran have generally enjoyed good relations. That tie became stronger with India's insatiable appetite for energy in tandem with western sanctions that have pressured Iran to find customers for its crucial oil exports.

 

"Indeed, India -which criticized the sanctions by the U.S., United Nations and European Union - recently became Iran's top oil buyer.

 

"However, there are complications - among other things, India is likely concerned about Iran's nuclear ambitions, despite New Delhi's rejection of western sanctions. The last thing India wants is a nuclear-armed Muslim state in its neighborhood (Pakistan in quite enough)..."

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Chris Martenson And Harvey Organ: Get Physical Gold & Silver | ZeroHedge

Submitted by Chris Martenson

 

"Harvey Organ has been analyzing the bullion markets closely for decades. The quality and accuracy of his work is respected enough to have earned him an invitation to testify before the CFTC on position limits for precious metals back in 2010.

 

"And he minces no words: gold and silver prices are suppressed. With extreme prejudice.

 

"In this detailed interview, Harvey explains to Chris the mechanics how of he sees this manipulation occurring, why he predicts this fraudulent pricing scheme will collapse soon, and why it's critical to be holding physical (vs paper) bullion when it does..."

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James Rickards on Central Banks Obsession with Gold and Why more QE is Imminent!

James Rickards on Central Banks Obsession with Gold and Why more QE is Imminent! | Gold and What Moves it. | Scoop.it

You'll have to click over for the videos:

 

Part 1 is focused on Gold manipulation and why gold plays such an important role in the world, even if conventional wisdom doesn't believe so, gold is not only being watched by central bankers, as Mr. Rickards put, "the gold price is being managed."

As most of you who are also GATA.org members know Bill Murphy is often quoted as calling it a "managed retreat."

 

Part 2 expands into the economy and probability of more quantitative easing (QE). According to Mr. Rickards, QE will come in the next few months because it can't be done this fall since it will look political, and if the FED tries to wait until December, it will be too late!

 

Hat tip to Ed Steer: http://www.caseyresearch.com/gsd/edition/jim-rickards-central-banks-rig-gold-market-ensure-orderly-rise

 

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How do you like your meat? - FT.com

How do you like your meat? - FT.com | Gold and What Moves it. | Scoop.it

Bioengineers in the Netherlands are now growing meat in a laboratory where the future of food is being prepared – in a Petri dish

 

{I always new it would come to this.} 

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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.

 

Pretty much a yawn worthy day. In other words, "Stay tuned to next week."

 

Gold finished at $1,643.00.

Silver at $31.68.

Platinum at $1,582.50.

 

Have a great weekend everyone. 

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No Vacancies: Squatters Move In -- In These Times

No Vacancies: Squatters Move In -- In These Times | Gold and What Moves it. | Scoop.it

by Rebecca Burns:

 

"After three years of staying in her sister’s living room, Tene Smith decided to move her family into a home that had sat vacant on Chicago’s South Side for more than two years.

 

"With the help of Liberate the South Side, a Chicago-based organization that targets vacant homes for re-occupation and spent months renovating the house, Smith and her three children moved in during a public ceremony attended by community members and the media in January 2012. “I was fearful when I first made this commitment,” she told In These Times, “but as the days passed I had a sense of independence that had eluded me for a long time.”

 

"The term “squatter” conjures images of the predominantly young, urban hipsters who in decades past claimed vacant property in areas such as New York City’s Lower East Side. But with five times as many vacant homes as homeless people in the U.S. today, a new wave of squatters – just as likely to be hard-hit families like Smith’s as young activists making a political statement – is moving into vacant foreclosed properties in cities like Chicago, New York and Minneapolis..."

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Many Signs Point to Gold's Higher Prices | P Radomski | Safehaven.com

Many Signs Point to Gold's Higher Prices | P Radomski | Safehaven.com | Gold and What Moves it. | Scoop.it

by P Radmski:

 

"The Reserve Bank of India on Tuesday surprised investors with a bigger-than-expected half-percentage-point cut to its key lending rate, sending it to 8%, saying the state of India's economy is "a matter of growing concern." Assuming a normal monsoon season, continuing improvement in industrial production and in the global outlook, the RBI said it expects growth for the current year at 7.3%. Inflation in India slowed less than expected in March. Indians, who love gold in any case, could turn to it as an inflation hedge. Meanwhile, the Indian Post office system is offering a 6% rebate on gold coins of various denominations for the forthcoming Akshaya Tritiya festival, which is one of the biggest gold buying festivals in the country. At present, gold coins are available at more than 800 post offices across India. For small investors the post office is an attractive option since they can buy gold coins in low-end denominations like 0.5 gram, 1 gram, 5 gram and 8 gram. Traders say high sales are a sign that the yellow metal is gaining acceptance as an ideal investment in the world's biggest gold consuming nation.

 

"There are some places in the world that don't seem to feel the pinch. A 24K gold plated iPad 3 will be unveiled at Damas Jewellery in Dubai Mall next week before being auctioned off for charity. If you're considering buying one of these gold iPad 3s, keep in mind that it can handle overheating issues and it is corrosion free. Gold is one of the most non-reactive precious metals on Earth. The gold plated iPad 3 costs more than $5,499..."

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There Is Not Going To Be A Solution To Our Economic Problems On The National Level

There Is Not Going To Be A Solution To Our Economic Problems On The National Level | Gold and What Moves it. | Scoop.it

"For those waiting for our economic problems to be solved, you can quit holding your breath. There is simply not going to be a solution to our economic problems on the national level. So why is that the case? Well, it is because the economic policies of both major political parties are very, very similar when you take a close look at them..."

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Everything Is Not Coming Up Roses - TrimTabs Money Blog | TrimTabs Money Blog

Everything Is Not Coming Up Roses - TrimTabs Money Blog | TrimTabs Money Blog | Gold and What Moves it. | Scoop.it
By Dan Dorfman Dorfman

 

“Illusion is a dangerous thing,” wrote Ralph Waldo Emerson.

 

"The nation’s ebullient stock players might well want to give that quote some meaningful thought since they unknowingly could be afflicted with an equally dangerous dose of economic illusion, some economy watchers suggest.

 

"That’s a reference to the Street’s swelling belief that U.S. economy is all but officially out of the woods, that its increasing vigor is a harbinger of rosier economic times ahead, likely accompanied by a final bottoming of the beaten-up job and housing markets in the not-too-distant future.

 

"Sounds good and obviously a lot of investors, especially those at the institutional level, are swallowing the happy-economic-days-are-here-again scenario. Hook, line and sinker..."

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They Wrecked Our Mowers

They Wrecked Our Mowers | Gold and What Moves it. | Scoop.it

by Jeffery Tucker:

 

"When I was a kid, lawn mowers worked. You pushed them and they cut grass. The grass went into the bag. Then you emptied the bag. The results were great. There was no grass to rake. It all went into the bag, because that’s what lawn mowers did.

 

"Then the feds got involved. Or so I now gather. I didn’t know this for a long time. Every time I would buy a mower, I would be disappointed in the results. I kept buying mowers with ever-larger engines. Then I would buy them with different bag designs, and then a different brands, and then different features. Nothing worked.

 

"The problem was always the same. I would mow and most of the grass would go in the catcher. But some didn’t. Some landed on the lawn in a line. When the grass was wet, it left an even bigger trail. Or when I would go from the grass to the sidewalk, a big clump would fall out from underneath the mower onto the sidewalk, requiring that I get a broom and sweep it up. Then I would have to empty the bag long before it was full.

 

"It took me many years of thinking to figure out the problem..."

 

Interesting read about government regulations and the effect.

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One Nation Under Debt With Endless Debt Slavery For All

One Nation Under Debt With Endless Debt Slavery For All | Gold and What Moves it. | Scoop.it

"Debt is a "soft" form of slavery. In America today, it is not legal to bind people up with chains and force them to work for you, but that doesn't mean that there are not millions upon millions of slaves in this country. When you borrow money, you willingly become a servant to the lender. Sadly, there are millions of Americans that will spend the rest of their lives working to pay off their debts but they will never escape the endless debt slavery that they have gotten themselves into. When you add up all forms of debt in the United States at this point, it comes to more than 54 trillion dollars. That is more than $178,000 for every man, woman and child in America. We truly are one nation under debt, and we have created the biggest debt bubble in the history of the planet. Unfortunately, all debt bubbles eventually burst, and when this one bursts the consequences are going to be unlike anything ever seen before.

 

"When most Americans think of the "U.S. debt problem", they tend to only think of the U.S. national debt. Well, that certainly is horrifying, but it is only a small part of the overall problem.

 

"The chart posted below shows the growth of total debt in the United States over the last several decades. Total credit market debt owed was less than 5 trillion dollars back in 1980, but now it is over 54 trillion dollars...."

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Harvey Organ's - The Daily Gold and Silver Report: French elections tomorrow/Spanish and Italian 10 yr yields again rise/gold and silver hold

Harvey Organ's - The Daily Gold and Silver Report: French elections tomorrow/Spanish and Italian 10 yr yields again rise/gold and silver hold | Gold and What Moves it. | Scoop.it

"Conclusion: the players are vacating the comex (and you can visualize that in the lower OI)
I would say that this COT report should be considered neutral as the bankers still have intent to supply the necessary non backed paper gold. Demand for the paper gold is tempered courtesy of the CME thugs and their cohort regulators who blissfully watch and do nothing as the banks orchestrate massive raids with non backed paper."

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IMF Eyes BRICS To Meet $400B Fundraising Goal

IMF Eyes BRICS To Meet $400B Fundraising Goal | Gold and What Moves it. | Scoop.it

"The International Monetary Fund is eyeing Brazil, Russia, India, China and South Africa, a bloc of countries commonly known as BRICS, to meet a $400 billion fund-raising goal, set by the institution's managing director Christine Lagarde, so it can safeguard the global financial system against the euro zone sovereign debt crisis..."

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Who Is Lying: The Federal Reserve Or... The Federal Reserve? And Why Stalin "Lost" | ZeroHedge

When one thinks of the early 1950's, things that often come to mind are fries and milkshake, muscle cars, Little Richard, and greased hair.

 

"Because not only did the two veteran Fed chairmen warn against the state's incursion into central planning, but they explicitly said something which the Fed, or at least its modern versions, have rejected over and over, especially during congressional committees: that a build of bank reserves is the surest way to spark hyperinflation."

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Drone Use Takes Off on the Home Front

Drone Use Takes Off on the Home Front | Gold and What Moves it. | Scoop.it

by Andy Pasztor and John Emshwiller:

 

"The more than 50 institutions that received approvals to operate remotely piloted aircraft are more varied than many outsiders and privacy experts previously knew. They include not only agencies such as the Department of Homeland Security but also smaller ones such as the police departments in North Little Rock, Ark., and Ogden, Utah, as well the University of North Dakota and Nicholls State University in Louisiana.

 

"The information, released by the Electronic Frontier Foundation, came to light as the Federal Aviation Administration gears up to advance the widespread use of the drones. By the fall of 2015, Congress wants the agency to integrate remotely piloted aircraft throughout U.S. airspace..."

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In Nothing We Trust

In Nothing We Trust | Gold and What Moves it. | Scoop.it

Americans are losing faith in the institutions that made this country great.
by Ron Fournier and Sophie Quinton

 

"Whitmire tells a familiar story of how public and private institutions derailed an American’s dream: In 2000, he bought the $40,000 house with no money down and a $620 monthly mortgage. He made every payment. Then, in the fall of 2010, his partially disabled wife lost her state job. “Governor [Mitch] Daniels slashed the budget, and they looked for any excuse to squeeze people out,” Whitmire says. “We got lost in that shuffle—cut adrift.” The Whitmires couldn’t make their payments anymore.

 

"They applied for a trial loan-modification through an Obama administration program, and when it was granted, their monthly bill fell to $473.87. But, like nearly a million others, the modification was canceled. After charging the lower rate for three months, their mortgage lender reinstated the higher fee and billed the family $1,878.88 in back payments. Whitmire didn’t have that kind of cash and couldn’t get it, so he and his wife filed for bankruptcy. His attorney advised him to live in the house until the bank foreclosed, but “I don’t believe in a free lunch,” Whitmire says. He moved out, leaving the keys on the kitchen table. “I thought the bank should have them...”

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Ron Paul: Road to REVOLution the Video Game!

A sidescrolling action / puzzle video game, reminiscent of console and arcade classics...

 

LOL Too cool.

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Art Cashin - A Eurozone Breakup Would Be Cataclysmic

Art Cashin - A Eurozone Breakup Would Be Cataclysmic | Gold and What Moves it. | Scoop.it

Art Cashin told King World News:

 

"...A eurozone breakup would be cataclysmic. There are not enough safeguards in line. The implications, throughout an interconnected banking system, of contagion, would be very grave. That is one of the key concerns. There are no easy answers (to Europe’s problems), there are no clear answers to solving the problem. That is why we’ve been reduced to buying time. There is postponement, rather than resolution.

 

"We continue to have austerity eating away at nations. As summer comes, and with it the heat, we’ll be looking to the streets of Athens, Madrid, Lisbon, Barcelona and other places. This could be a very difficult summer coming up. Instead of this being the winter of our discontent, it may be the summer of our discontent."

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Money is more about your mind than your math

Money is more about your mind than your math | Gold and What Moves it. | Scoop.it

"For those waiting for our economic problems to be solved, you can quit holding your breath. There is simply not going to be a solution to our economic problems on the national level. So why is that the case? Well, it is because the economic policies of both major political parties are very, very similar when you take a close look at them..."

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