Gold
8 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

But "why" are gold and silver prices manipulated?

But "why" are gold and silver prices manipulated? | Gold | Scoop.it

By Bill Holter

  I promised yesterday to answer the question "why?" is it that silver and gold are manipulated.  Some people say "who cares?".  Some don't believe it while others don't even have clue that it's happening.  "Gold bugs" for the most part are angry but I sense they are angry for the wrong reasons.  Many understand fiat money to be freely printable and without any real value but they are angry because "gold went down" or didn't "go to da' moon" yet.  They should be "rich" by now ...the flaw of course to this thought process is counting your wealth in dollars and wanting to, hoping for and planning to "sell" which leaves you back again with DOLLARS.  My point to this paragraph is to show you how well the "why" gold and silver manipulation have worked so well!  Even many hard asset advocates still deep down "want" more dollars which is why they want their holdings to "go up".

 

OK, so why has it been imperative to suppress gold and in particular silver prices?  Let me first say I will consider gold and silver to be the same for this exercise even though they are not ...


Via Hal
more...
Hal's curator insight, September 17, 2014 11:42 AM

Good read. Click through for the full post.

Scooped by Rudie Asmara
Scoop.it!

PRECIOUS METALS HIGHLIGHTS : Top Stories of the Day - 4-traders (press release)

PRECIOUS METALS HIGHLIGHTS : Top Stories of the Day - 4-traders (press release) | Gold | Scoop.it
PRECIOUS METALS HIGHLIGHTS : Top Stories of the Day
4-traders (press release)
LONDON--Leyshon Resources Ltd.
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Being There | Captain Hook | Safehaven.com

Being There | Captain Hook | Safehaven.com | Gold | Scoop.it

Because no matter how much they want you to believe things are getting better they are not. The rising stock market does not mean things are getting better, it just means it's becoming more leveraged. In fact, and ironically, the rising stock market means currency debasement rates are accelerating, and in a mature fiat currency regime this reflective of control loss and end game dynamics, which is definitely the case as this pertains to the US, the $, and empire profligacy. Again, no amount of lying will prevent the inevitable, it will only distort and delay things, which in this case means further debasement of the currency (because of diminishing returns),increasing instability, and more profoundly hollowed out economy. What's more, the scuttlebutt of all this is it's all for naught, because as discussed previously, when fiction meetsreality we will essentially end up in the same place - mass insolvency - whether it be by hook (deflation) or by crook (extreme inflation).

 

In the meantime however, it appears stock investors think we are in the summer of our lives, with the retail crowd now going all in


Via Hal
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Trader Dan's Market Views: Sell Stops Cascade Gold Down Below $1400

Trader Dan's Market Views: Sell Stops Cascade Gold Down Below $1400 | Gold | Scoop.it

Bears have been salivating at reaching downside sell stops for a while now but had been stymied by strong physical buying of the metal which had kept prices supported. With the US Dollar continuing to strengthen, and with commodities in general seeing strong selling pressure, they finally got their wish in today's trading session. 

Price fell through some initial support near the $1420 level which had held the market for the last few sessions but once that gave way, downside pressure intensified until bears took it down to near $1410. Just below that they hit their jackpot and reached the sell stops. It was those stops going off that knocked price through the psychological floor at $1400. That allowed another $10+ fall in the price of gold where some short covering and bottom hunting surfaced right below $1390.

I have noted the next level of chart support for gold. It is currently just beneath today's session low of $1389 coming in closer to the ...


Via Hal
more...
Hal's curator insight, May 15, 2013 1:04 PM

Click over for the rest and the chart.

Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

China's CPM sees stable Gold this year

China's CPM sees stable Gold this year | Gold | Scoop.it
Gold prices this year are likely to hover at high levels and global central banks quantitative easing policies will continue to support gold prices.

 

BEIJING(BullionStreet): Contrary to reports by other major firms, China's gold mining and processing firm China Precious Metal Resources (CPM) expects gold prices to see stable growth this year.

 

According to CPM's chief financial officer Zhang Liwei, gold would be boosted by the ample liquidity in the market as a result of quantitative easing by central banks.

 

He said gold prices this year are likely to hover at high levels and global central banks quantitative easing policies will continue to support gold prices. Central banks from emerging markets will keep buying gold for their reserves.

 

"It's difficult to predict gold prices, but I don't expect prices to fall as long as the global economic conditions remain uncertain," Zhang, he added ...


Via Hal
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Gold selling spree hits Japan as prices soar

People were seen queuing outside jewelers from Tokyo to Osaka, with the price of gold in Japan jumping 4.8% this week as the dollar came close to hitting 100 yen, up from about 80 yen late last year.

 

TOKYO(BullionStreet): Japanese sees yet another opportunity to sell their gold for cash after the metal prices soared on weaker yen.

 

Analysts said Japan's gold holders may be preparing to cash out of some bullion after the yen's drop has sent domestic prices of the metal soaring.

 

They added that gold prices climbed in Japan while prices have softened elsewhere as the declining value of the yen against the dollar makes the precious metal worth a lot more in Japan.

 

People were seen queuing outside jewelers from Tokyo to Osaka, with the price of gold in Japan jumping 4.8% this week as the dollar came close to hitting 100 yen, up from about 80 yen late last year.

 

Japan's gold market is heating up after ...


Via Hal
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Gold Soars to Three-Week High, Silver Rallies 4%

Gold Soars to Three-Week High, Silver Rallies 4% | Gold | Scoop.it

Gold, silver and palladium notched gains Thursday for a fourth straight session. Platinum was also higher after inching lower Wednesday.

 

Gold for August delivery surged $32.50, or 2.6%, to close at$1,279.90 an ounce on the Comex in New York. The settlement price was the highest since June 21 when gold closed at $1,292.00 an ounce. The yellow metal bracketed intraday prices of $1,262.10 and $1,297.20.

 

"Sentiment will now be to the upside, and the market will be looking for an attempt on $1,300," David Govett, head of precious metals at Marex Spectron Group in London, said today in a report according to Bloomberg News ...


Via Hal
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Physical Demand For Gold and Silver Skyrockets – Gold Bullion Coin Sales Highest Since December 2009

Physical Demand For Gold and Silver Skyrockets – Gold Bullion Coin Sales Highest Since December 2009 | Gold | Scoop.it

We have probably all heard enough already from the mainstream nitwits who are forecasting the end of the gold bull market and further price declines.  Funny thing though, most precious metal investors don't need advice from self proclaimed experts on how to invest their money.  The explicitly stated goal of central banks to increase the rate of inflation through currency debasement is blatantly obvious.  Investors are acting accordingly by taking advantage of the recent decline in precious metal prices.

 

A look at product availability and pricing at some major coin and bullion dealers shows spot shortages of gold and silver as well as large premiums as investor demand overwhelms supply. ...


Via Hal
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Singapore Source - West Is Now Running Out Of Physical Gold | Grant Williams

Singapore Source - West Is Now Running Out Of Physical Gold | Grant Williams | Gold | Scoop.it

Today one of the most highly respected fund managers in Singapore warned King World News that the West is finally running out of available physical gold to supply the market.  Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, also spoke about the pressure being put on India, by the West, to lease their 200 tons of gold, and how this will impact the market.  Below is what Williams had to say this powerful interview.

 

Eric King:  “When the United States closed the gold window in 1971, gold proceeded to go up six-fold in a very short period of time.  But during the 1970s, from time-to-time there were threats from the IMF that they were going to sell some gold to stem the rise in the price.  We see all of this gold pouring out of the West, and now there is this pressure on India to lease their 200 tons of gold.  Does this have a 1970s feel to it to some degree?”

 

Williams:  “There are two major differences now, Eric:  The first big difference is that the sellers have been selling gold.  And when you have a finite resource, it’s not like dollar bills -- you can’t just print more.  If you keep selling, one day you are going to have sold it all and you are not going to have any more to sell. ...

 


Via Hal
more...
Winnfin's curator insight, August 24, 2013 2:14 PM

I disagree with this post, the problem the world is going to have is that we are selling to much paper gold, so much so that if you do own the real thing you are now a minority... Our advise is buy gold, but buy the real thing...

find out how www.winnfin.com or contact us directly admin@winnfin.com

Scooped by Rudie Asmara
Scoop.it!

How Get the Most Cash For Your Gold

How Get the Most Cash For Your Gold | Gold | Scoop.it
If you have decided to sell your gold jewelry, there are a few things you can do to ensure you get the most cash for your gold. This can include getting an
more...
No comment yet.
Rescooped by Rudie Asmara from Gold
Scoop.it!

Gold Extends Gains Following U.S. Jobless Claims Data

Gold extended earlier gains on August 22nd after data showed that the number of people who filed for unemployment assistance in the U.S. rose more-than-expected. Courtesy of Merit Financial.


Via VictorYocum
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

The world now finds itself in a tremendous mess. It’s not a pretty picture.

The world now finds itself in a tremendous mess.  It’s not a pretty picture. | Gold | Scoop.it

With continued turmoil in global markets, today acclaimed money manager Stephen Leeb told King World News that China’s move to dominate the world means $10,000 gold is coming.  Leeb also spoke about the fall of the United States as well as what investors can do to protect themselves.  Below is what Leeb had to say in this timely and powerful interview.

 

Leeb:  “The world now finds itself in a tremendous mess.  It’s not a pretty picture.  Conflict is developing all over the world.  But in the midst of all of this escalating conflict and uncertainty, China continues accumulating gold....

 

 


Via Hal
more...
Hal's curator insight, January 28, 2014 3:43 PM

Click through for the rest.

Scooped by Rudie Asmara
Scoop.it!

How Get the Most Cash For Your Gold

How Get the Most Cash For Your Gold | Gold | Scoop.it
If you have decided to sell your gold jewelry, there are a few things you can do to ensure you get the most cash for your gold. This can include getting an
more...
No comment yet.
Rescooped by Rudie Asmara from La revue de presse CDT
Scoop.it!

Could the gold price fall to $1,000 or lower this autumn? - GoldSeek.com

Could the gold price fall to $1,000 or lower this autumn? - GoldSeek.com | Gold | Scoop.it

Usually the autumn is a strong period for precious metal prices but not if financial markets crash and burn as they last did in 2008. This is the fear now haunting the gold market...


Via cdt.fr
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

The Golden Truth: The U.S. Economy Is In Trouble

The Golden Truth: The U.S. Economy Is In Trouble | Gold | Scoop.it

As a follow-up to yesterday's post about the massive spike in the demand for physical gold and silver since the price hit, I wanted post some more evidence.  This is from an Arab newspaper about the spike in demand over in Saudi Arabia:

 

The crash in the prices of the yellow metal has sparked off a gold rush across Saudi Arabia.  In the last three days, gold souks in the Kingdom have come alive with buyers flocking to cash in on the sharp drop in gold prices. Most of the shop owners in the gold souk in Kandra said that their businesses have increased 50 percent in the last three days, whereas those in Balad said sales of 22-carat had gone up by more than 75 per cent and were expected to rise further.  LINK

 

Here's the headline from a Reuters article:   Slump in gold price releases years of pent-up retail demand  LINK   And here's an accounting from a colleague of mine who operates a cash-for-gold business in Florida and deals with one of the biggest coin dealers in Florida:

 

He's got nada.  A guy came in who had ordered and fixed the price on 300 silver eagles last week before the crash and my dealer couldn't tell him when he might get them.  My partner ordered three monster boxes last week and paid for them.  This week he was told delivery is at least 60 days out - and this dealer is a "hitter." ...


Via Hal
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Gold edges up despite persistent ETF outflow

Gold edges up despite persistent ETF outflow | Gold | Scoop.it
Lower prices of the precious metal are luring physical buyers across Asia, with dealers facing a tough time organizing supplies to meet demand.

 

SINGAPORE(BullionStreet): Gold advanced in Asian trade Wednesday despite continuing outflows from ETF's.

 

Spot gold was seen trading at $1388.42 an ounce at 12.00 noon Singapore time while US gold was seen trading at $1387.43 on the comex division of nymex.

 

Analysts said China demand helped the yellow metal in early trade gold while it's safe-haven appeal has lost some lustre as rallying stocks attract investors.

 

However, lower prices of the precious metal are luring physical buyers across Asia, with dealers facing a tough time organizing supplies to meet demand. ...


Via Hal
more...
Hal's curator insight, May 29, 2013 2:50 PM

Or should that be, because of etf outflows?

Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Indians buy 864 tons of Gold worth Rs 2.47 lakh crore in 2012

According to a top WGC official, Indians purchased 864 tons of gold last year as gold sales registered a six per cent growth during the period despite spurt in the precious metal's prices in recent years.

 

NEW DELHI(BullionStreet): A whopping Rs 2.47 lakh crore worth gold were sold in India, world's largest consumer, last year.

 

According to a top WGC official, Indians purchased 864 tons of gold last year as gold sales registered a six per cent growth during the period despite spurt in the precious metal's prices in recent years.

 

Among this 552 tonnes represented gold jewellery, Vipin Sharma, Director (Jewellery) WGC said, adding, gold jewellery continued to attract Indian consumers due to its unique features such as for investment purpose and as ...


Via Hal
more...
No comment yet.
Rescooped by Rudie Asmara from La revue de presse CDT
Scoop.it!

China’s first-half gold consumption jumps 54pc: CGA

China’s first-half gold consumption jumps 54pc: CGA | Gold | Scoop.it
China’s gold consumption jumped 54 per cent in the first half of the year to 706.36 tonnes, the China Gold Association said, as lower prices of the precious metal attracted buyers....

Via cdt.fr
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

PRECIOUS METAL: PROTECTION OR PROFIT? - The Prospector Blog

PRECIOUS METAL: PROTECTION OR PROFIT? - The Prospector Blog | Gold | Scoop.it

I’m no DOW fan, but it’s undeniable that investors have profited greatly since the days of 2008 volatility. Is it possible these same brave investors realized that stock holdings within profitable companies should not have declined in such a waterfall fashion, as they did fall 2008? Smart stock investors realized that such a bargain was a closing window of discounted opportunity.

Today’s physical silver or gold opportunity reminds me of the discounted blue-chip stock offerings of late 2008. I won’t speculate when precious metal prices will rebound but I can guarantee one thing. An ounce of physical silver, or gold, is worth far more today than what a person can buy it for, just like a 2008 blue chip stock.

Profit or protection:

If you’re protection minded, PM speaking, then the latest PM price drop means little…… maybe even nothing. Your plan is all about long-term fiscal prudence all while realizing a currency built on overpopulation (printing) cannot sustain value or buying power forever. A temporary waterfall decline within your PM plan – although disheartening – means little when compared to your plan of preservation, self-reliance, and independence. ...


Via Hal
more...
Hal's curator insight, July 9, 2013 11:16 AM

Click through for the full post.

Rescooped by Rudie Asmara from Gold
Scoop.it!

Gold Prices Posted Gains in August 7th’s Trading Session

Gold Prices Posted Gains in August 7th’s Trading Session | Gold | Scoop.it

Market news on Merit Financial noted that on August 7th, gold price edged up and was boosted by a weaker dollar. Also, uncertainty over Fed policy continues to weigh.


Via VictorYocum
more...
No comment yet.
Rescooped by Rudie Asmara from Gold and What Moves it.
Scoop.it!

Friday rally sets up gold price breakout

Friday rally sets up gold price breakout | Gold | Scoop.it
With 2% gain on Friday gold price is honing in on its 100-day moving average – a sustained breakout above this level and $1,500 is not out of the question.

Via Hal
more...
Winnfin's curator insight, August 24, 2013 2:15 PM

We said Gold would do this, find out our next prdiction www.winnfin.com

or contact us directly admin@winnfin.com