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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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Oblivious Because of Mainstream Media | Greg Hunter’s USAWatchdog

Oblivious Because of Mainstream Media | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it

"I think most people are simply oblivious to the enormous dangers the world economy faces. Oh, I think we will all get through Christmas and New Years without a meltdown, but all bets are off in 2012. A new acquaintance of mine told me last Friday, “Isn’t the economy getting better?” I just looked at her and shook my head in the negative. Then she said, “I guess if it was getting bad, the media wouldn’t tell us the truth.” I shook my head in the affirmative. My new friend is 75 years old and gets a Social Security check every month. She’s pretty sharp, but I don’t blame her for being misinformed. She gets her news the old fashioned way—from the mainstream media (MSM)."

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Another Happy Tuesday

Another Happy Tuesday | Gold and What Moves it. | Scoop.it

"I read an article yesterday by Kevin Williamson. In it, he likened the MFing Global theft to this: Imagine you are a customer of a bank that went bankrupt. Your only exposure at the bank were the valuables you held in a safe deposit box. At bankruptcy, you would rightly expect your valuables to be returned to you. Instead, creditor banks of the failed institution are allowed access to the safe where they dump the contents of all of the deposit boxes onto a big pile on the floor. Then the creditor banks pick through the pile, claiming for themselves whichever assets they'd like to keep. Only after the "community pile" is picked over are you, the rightful owner, allowed access to whichever assets remain. Banks being banks, you'd be lucky to be left with anything of value."

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Gerald Celente - Sneak Peak of the Top Trends for 2012

Gerald Celente - Sneak Peak of the Top Trends for 2012 | Gold and What Moves it. | Scoop.it

“As the bankers take over, and we’re seeing what’s going on, they are throwing out democratically elected governments, we are forecasting there is going to be a severe decline in 2012, particularly in Europe. They are going to blame the problems in Europe as a reason for the problems going on over here (in the US). And we have our own (problems) that are as big as Europe’s, even bigger and better.

 

"So that brings us to the next trend, get ready for economic martial law. They are going to call a bank holiday. So what we are saying is conditions have become a lot worse. And a bank holiday is no holiday folks.

 

"You can’t get your money out and when you do get it out, you will get it out a little bit at a time. It’s going to be worth a lot less. That’s what they do with bank holidays, they devalue your money. So they are going to do it again.”

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Brett Arends: Will the Europeans have to sell their gold? | Gold Anti-Trust Action Committee

Brett Arends: Will the Europeans have to sell their gold? | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

"China will be happy to scoop it all up.

 

"LONDON -- If the Italians can't persuade the bond markets to keep them in business, they have another card up their sleeve.

 

"Few people realize it, but Italy holds the world's fourth biggest stockpile of gold, at 2,452 tonnes.


"That's even more than France, and more than twice as much as China.

 

"Only the United States, Germany, and the International Monetary Fund hold more.

 

"The question here is whether some of the troubled European countries -- such as Italy and France -- are going to have to start selling off the national gold pile to meet their bills." 

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Jim’s Mailbox

Jim’s Mailbox | Gold and What Moves it. | Scoop.it
Ladies and Gentlemen, This is a quadrillion, or a thousand times one trillion. We better start to get used to these figures.

 

[click over for the full post from Jim Sinclair]

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The 200-Day M.A. Gold B.S. – Peter Grandich

The 200-Day M.A. Gold B.S. –  Peter Grandich | Gold and What Moves it. | Scoop.it

"If I had a dollar for every commentary about how gold is finished now that the 200-Day M.A. has been broken to the downside."

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2012: Worse than 2008!

"Burying the Truth

 

"Over 100 years ago, novelist Émile Zola put it this way: “If you silence the truth and bury it underground, it will grow and gather such explosive power that the day it bursts through it will blow up everything in its way.”

 

"This is a key reason why economies crumble, markets crash and entire empires wind up in the junkyard of history.

 

"This is why investors lose fortunes.

 

"This why lives are destroyed.

 

"It’s why life-changing opportunities are left by the wayside."

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oftwominds: Three Charts That Blow the Doors Off any Hope of a 2012 Rally

oftwominds: Three Charts That Blow the Doors Off any Hope of a 2012 Rally | Gold and What Moves it. | Scoop.it

The centrally-managed rally of March 2009 is over; reality is finally intruding on the manipulation and propaganda.

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Harvey Organ's - The Daily Gold and Silver Report: Huge gold deliveries/More sovereign downgrades/

Harvey Organ's - The Daily Gold and Silver Report: Huge gold deliveries/More sovereign downgrades/ | Gold and What Moves it. | Scoop.it

"Now for the fun part. Despite this being a record delivery month we still do not see any gold
enter as a deposit to the dealer and also no gold was withdrawn from the dealer.


"We had another of our perfectly round 64,300 oz of paper gold which is exactly 2.00000 tonnes of gold enter as deposit to the customer and the vault: you guessed correctly our banking nemesis: JPMorgan.
Whenever you see a perfectly round deposit you know something is fishy. It seems that Brinks no longer wishes to be part of this as they have handed the scheme to other vaults."

 

[sounds fishy, indeed]

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Peter Brimelow: Even bullion bank UBS now hints that central banks torpedoed gold | Gold Anti-Trust Action Committee

Peter Brimelow: Even bullion bank UBS now hints that central banks torpedoed gold | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

"UBS commented that "the physical market has now responded: Combined turnover on the [Shanghai Gold Exchange] this week has been consistently strong and is about 53% higher than the previous week's, while demand from India is shaping up to be the strongest weekly offtake since early October."

 

"Over at LeMetropoleCafe, a correspondent reported very high local premiums for gold in the key gold-buying markets of China and India on Friday, suggesting strong local demand, and headlined: "Year-end gold menu: Bear Curry or Bear Chow Mein?"

 

"If this international perspective proves correct, it will be a very big surprise to most U.S. observers."

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Eurozone Crisis: Greek Suicide Rates Highest in Europe

Suicide rates in Greece are now the highest in Europe, with experts attributing the rise to the county's economic crisis and increasing unemployment.

 

"Suicide rates in Greece are now the highest in Europe, with experts attributing the rise to the county's economic crisis and increasing unemployment.

 

"Suicide rates in Greece have soared 40 percent compared to last year, according to statistics released by the Ministry of Health."

 

[how sad]

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Toon on #OWS and #Congress #Politicians in DC.

Toon on #OWS and #Congress #Politicians in DC. | Gold and What Moves it. | Scoop.it

LOL Yeah. That's pretty much the state of affairs in the country it would seem.

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Martin Armstrong - Money is Not Safe Here, Buffett’s Silver Play

Martin Armstrong - Money is Not Safe Here, Buffett’s Silver Play | Gold and What Moves it. | Scoop.it

"With growing concerns about the safety of the US financial system, today King World News released an interview with internationally followed Martin Armstrong, founder and former head of Princeton Economics International Ltd.. At one point Armstrong’s firm rose to be perhaps the largest multinational corporate advisor in the world. Here are a few snippets about what Armstrong had this to say to investors who have been asking him about where to put their money: “At the conference that I just gave, one of the number one questions people were asking, ‘What happens now with this MF Global stuff. I don’t know what to tell them. I cannot, in good conscience say your money is safe in New York anymore. We were looking at, largely, where to put your money.”"

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Ted Butler: Don't stop complaining about shorting of SLV | Gold Anti-Trust Action Committee

Ted Butler: Don't stop complaining about shorting of SLV | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

"Silver market analyst Ted Butler, who was complaining about manipulation of the silver market before GATA was formed to complain about manipulation of the gold market, today provides an update about the short position in the major silver exchange-traded fund SLV, which creates a vast but imaginary supply of silver and thereby suppresses the price, a short position that shouldn't be allowed, a short position overwhelmingly concentrated in the hands of JPMorganChase.

 

"Butler concludes: "Concentration on the Comex and the amount of short selling in SLV is stark, verifiable, and visible to all. Both will tell you all you need to know about the unusual behavior of the price of silver when analyzed with a common sense filter. But the greatest lesson of all is what all this short selling should tell you about the future behavior of silver prices."

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10 Bearish Predictions for Investors in 2012

At a time of daily stock-market seizures, weekly bank and sovereign debt downgrades and monthly central bank interventions, most people are seeing the glass half empty, and have forecasted bearish -- if not downright abysmal -- market conditions...

 

"1. U.S. Banks Will Experience "Contagion" of the Crisis in Europe"

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John Williams - Gold to Prevail as System Falls into Disorder

John Williams - Gold to Prevail as System Falls into Disorder | Gold and What Moves it. | Scoop.it

John Williams continues:

“My outlook has not changed a bit. The underlying fundamentals have not changed a bit. The domestic and global financial systems, however, appear to be on the brink of massive instabilities. This environment is one where prudent investors—in a U.S. dollar-denominated world—should be looking to preserve their wealth and assets, using assets that are liquid and that preserve the purchasing power of invested funds.

 

"Accordingly, gold, and related hedges such as silver; and stronger currencies such as the Swiss franc, Australian dollar and Canadian dollar; should be held for the long term. Irrespective of short-term market instabilities, such assets will prevail as the system falls into disorder."

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Trader Dan's Market Views: Gold - 4 Hour Chart

Trader Dan's Market Views: Gold - 4 Hour Chart | Gold and What Moves it. | Scoop.it

"For now the technicals are bearish so many will be looking at rallies as selling opportunities whether for unloading stale and/or underwater long positions or to initiate new short positions.

 

"Bulls are attempting to hold the line here but they have more work to do."

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London Trader - We are Witnessing a Historic Bottom in Gold

London Trader - We are Witnessing a Historic Bottom in Gold | Gold and What Moves it. | Scoop.it

"With many investors worried the price of gold could head lower, today King World News interviewed the “London Trader” to get his take on the gold market. The source stated, “The Chinese have continued to take delivery of both physical gold and silver directly from the ETF’s GLD and SLV. They are also going directly to producers. Entities are bypassing the COMEX altogether and going straight to gold mining companies. Every single month producers have a certain amount of gold and silver they sell. Normally they sell it to the bullion banks and the bullion banks, of course, leverage this gold and sell up to 100 times that in paper markets to control prices.”

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Spot Gold at $1,591.80. Tracking with free desktop widget in real time.

Spot Gold at $1,591.80. Tracking with free desktop widget in real time. | 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.
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The Golden Truth: Gold vs. The 200 Day Moving Average

The Golden Truth: Gold vs. The 200 Day Moving Average | Gold and What Moves it. | Scoop.it

"That chart pretty much speaks for itself. Gold has breached its 200 dma to the downside many times over the last 10 years. Ironically, once that has occurred - in each and every occurrence - gold has always resumed its bull trend and powered to new nominal record highs. That evidence is indisputable. Any research that forecasts bad news for gold based on it breaking its 200 dma is unequivocally incorrect and therefore useless to the goal of making money and preserving wealth in the precious metals market. Unequivocally."

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Physical Demand “Will Determine Support for Gold” while Selloff was “Driven by Euro Weakness” | The Daily Gold

Monday 19 December, 08:45 EST Physical Demand “Will Determine Support for Gold” while Selloff was “Driven by Euro Weakness” WHOLESALE MARKET gold bullion prices rose to $1607 an ounce Monday lunchtime in London – 0.5% up from last Friday’s close –...

 

"“Gold appears to be playing a difficult role at the moment,” adds the latest note from German precious metals group Heraeus.

 

“On one side it is the stability anchor in times of economic and financial crisis, on the other hand there are increasing signs…that gold is in wake of the equity and interest markets.”"

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Twitter

Exactly.

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Gold Comment – Commentary by Peter Grandich

"The current negative technical picture is what is helping drive the bearish calls and that won’t change overnight. At a bare minimum, it shall take weeks to repair the damage and its possible a further move lower of $100+ before a real intermediate to long-term bottom is in. But the key bullish fundamentals that I’ve constantly stated (and many of them are also noted in this article) remain firmly in place." - Peter Grandich

 

click over for the full post.

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Spain’s New PM Warns of Drastic Spending Cuts

Spain’s New PM Warns of Drastic Spending Cuts | Gold and What Moves it. | Scoop.it
The economy appears to have slipped into another recession.

 

"However, Rajoy did not spell out exactly where he will cut, while concurrently offering more companies lower tax rates.

 

"We are confronting enormous difficulties and must make very demanding efforts," he told MPs in Madrid.


"He also vowed that his administration’s premier duty will be to create jobs -- the Spanish unemployment rate is at an astounding 21.5 percent, the highest in the Euro zone by a wide margin. Among young people (those under 25), the jobless rate it about 46 percent."

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Jim Rickards - This Will Send the Price of Gold to the Moon

Jim Rickards - This Will Send the Price of Gold to the Moon | Gold and What Moves it. | Scoop.it

"So it looks like we are going to get flooded with dollars. One other thing I would add to that, which I think is extremely bullish for the price of gold, I’ve been talking about QE3, but there is something even more insidious than that which we may see. It’s called NGDP targeting.

 

"NGDP stands for Notional Gross Domestic Product. Targeting just means that the Fed is going to pick a target for growth in NGDP and then print as much as it takes to hit that target.

 

"Now notional GDP is not the same as real GDP. In other words, notional GDP is real GDP plus inflation. If the Fed targets NGDP, what they are really saying is they don’t care about inflation anymore, they’ve given up. I’ve said all along the Fed wants inflation and this is a way of getting it. It’s also a way of destroying the debt by cheapening the dollar."

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