Own Gold LLC
Follow
Find
1.3K views | +0 today
Own Gold LLC
Articles relating to gold, what moves it its prices and what to expect next.
Curated by Own Gold LLC
Your new post is loading...
Scooped by Own Gold LLC
Scoop.it!

Gold And Equities Running In Tandem, Pointing To More Monetary Stimulus? -- February 17, 2014

Kitco News kicks off the week with Gary Wagner's analysis of the gold market after breaking above $1300 on Friday. "It certainly signals a major change in m...
more...
No comment yet.
Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

Paper #Gold Ain't as Good as the Real Thing | Casey Research

Doug French:

 

For the first time ever, the majority of Americans are scared of their own federal government. A Pew Research poll found that 53% of Americans think the government threatens their personal rights and freedoms.

 

Americans aren't wild about the government's currency either. Instead of holding dollars and other financial assets, investors are storing wealth in art, wine, and antique cars. The Economist reported in November, "This buying binge… is growing distrust of financial assets."

 

But while the big money is setting art market records and pumping up high-end real estate prices, the distrust-in-government script has not pushed the suspicious into the barbarous relic. The lowly dollar has soared versus gold since September 2011.

 

Every central banker on earth has sworn an oath to Keynesian money creation, yet the yellow metal has retraced nearly $700 from its $1,895 high. The only limits to fiat money creation are the imagination of central bankers and the willingness of commercial bankers to lend. That being the case, the main culprit for gold's lackluster performance over the past two years is something else, ...


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

We are in the midst of what Jim calls the ‘Great Levelling’ where banks will be bailed in with government approval : Jim Sinclair's Mineset

We are in the midst of what Jim calls the ‘Great Levelling’ where banks will be bailed in with government approval : Jim Sinclair's Mineset | Own Gold LLC | Scoop.it

Jim advises that whilst he thinks the depletion of the Comex warehouse inventory will see the settlement move from physical gold to cash, there will be no default.

 

In regards to physical gold storage, Jim advocates only fully allocated storage as pooled accounts are problematic. We are in the midst of what Jim calls the ‘Great Levelling’ where banks will be bailed in with government approval and a systemic crisis the likes of which we have never seen before will see the average person robbed of their wealth. This is why Jim is telling us to GOTS which includes utilising allocated storage instead of pooled accounts and eliminating all third parties between you and your investments.

 

Regards,

Peter Mickelberg

 


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

Turk - This Is How Quickly Gold Will Smash Through $1,925

Turk - This Is How Quickly Gold Will Smash Through $1,925 | Own Gold LLC | Scoop.it

Turk tells King World News: “Gold finally plowed through $1250, Eric, and we got the expected move higher.  The central planners tried ‘circling the wagons’ at $1,275, but they could not hold that line -- there was just too much buying power behind gold’s surge...


Via Hal
more...
Hal's curator insight, February 14, 2:05 PM

Click through for the rest.

Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

Gold tops $1,300 in longest rally since 2011 - Mineweb

Gold tops $1,300 in longest rally since 2011 -  Mineweb | Own Gold LLC | Scoop.it

US buyers will have to pay up to get hold of that gold, because the gold it sold in 2013 has gone east, never to return, says Julian Phillips.


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

January Chinese Gold Demand All-Time Record, 247 Tons

Sorry for the delay in my weekly reporting on SGE withdrawals. Due to the Chinese Lunar new year the SGE was closed from 31-01-2014 til 06-02-2014 (dd-mm-yyyy) so I had to wait a bit longer for the publication of the numbers. What they eventually released were the trade numbers from 5 trading days, January 27 – 30, and February 7.

 

Lets skim through the news first. Bloomberg just reported that Chinese gold usage, according to the China Gold Association, in 2013 was 1176 tons. First of all I don’t understand this new term usage, nor have I ever understood the term consumption regarding gold. If you have some knowledge of gold you know it’s never consumed, gold is immortal and will be recycled till the end of times. Its immortal property is one of the reasons why it’s the most marketable commodity, hence we started using it as money thousands of years ago. The other reasons are it has the right scarcity, its divisible and subsequently small units can be merged/melted into a large unit (a proces which can be repeated to infinity without any loss of material).


Via Hal
more...
Hal's curator insight, February 12, 5:43 PM

Click over for the rest.

Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

The Golden Truth: Comex Gold Manipulation Is Getting More Blatant/Desperate - It Will Fail

The Golden Truth: Comex Gold Manipulation Is Getting More Blatant/Desperate - It Will Fail | Own Gold LLC | Scoop.it

The outright lies and absurd propaganda streaming from the Government, the Fed and Wall Street are now reminiscent of the old Soviet Politburo and Pravda during the Cold War days.  Remember that?  You have to wonder exactly just how badly the system is collapsing behind the Capitol Hill "curtain" given the extent to which those in charge of the financial system are doing everything they can to prevent the markets from freely determining gold's free market price...


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

Peru 2013 Gold output falls 6.23%, Silver up 5.56%

Peru 2013 Gold output falls 6.23%, Silver up 5.56% | Own Gold LLC | Scoop.it
In December alone, the country produced 351997 kg of silver, advanced by 15.19% compared to 305575 kg in the same month last year and up 5.97% from 332166 kg a month earlier.

Via Hal
more...
Hal's curator insight, February 13, 10:39 AM

I've seen a number of items of countries showing reduced output. Couple of reasons probably. But one that stands out is the cost of getting it out of the ground and the current price just isn't as rewarding for companies.

 

 

Scooped by Own Gold LLC
Scoop.it!

Bitcoin: Just One More Fiat Currency - Bible Prophecy Blog

Bitcoin: Just One More Fiat Currency - Bible Prophecy Blog | Own Gold LLC | Scoop.it
Speculation, Money Laundering and Wealth Transfer. A. Bitcoin is just one more fiat currency ... one that seems to fit with the spirit of the times. People are certainly looking for a medium of exchange that will hold its value, ...
more...
No comment yet.
Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

Leeb - The Gold Market Is Setting Up For A Major Surge

Leeb - The Gold Market Is Setting Up For A Major Surge | Own Gold LLC | Scoop.it

With gold assaulting the $1,300 level, today acclaimed money manager Stephen Leeb told King World News that gold may now be setting up for a major move to the $2,000 to $2,500 area.  Leeb also discussed some incredible events taking place in the commodity space which will turbo-charge gold’s move.  Below is what Leeb had to say in this fascinating interview.

 

Leeb:  “You have to be impressed that gold is trading higher and the fact that it has broken through a couple of important resistance levels.  But what is interesting is that we have gold and the stock markets trading up together....


Via Hal
more...
Hal's curator insight, February 11, 3:51 PM

That is interesting and not unprecedented.

 

It does seem like gold has prepared a base from which to launch. Interesting to me has also been that silver and platinum have not followed gold. Silver in particular. Both have remained locked in a range.

Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

China Watchdog Said to Tell Small Banks to Set Aside Fund

China Watchdog Said to Tell Small Banks to Set Aside Fund | Own Gold LLC | Scoop.it
China’s banking regulator ordered some of the nation’s smaller lenders to set aside more funds to avoid a cash shortfall, three people with knowledge of the matter said, signaling rising concern that defaults may climb.

Via Hal
more...
No comment yet.
Scooped by Own Gold LLC
Scoop.it!

6 Remarkable Gold Charts This Week | Gold Silver Worlds

6 Remarkable Gold Charts This Week | Gold Silver Worlds | Own Gold LLC | Scoop.it
In the course of the past week, several exceptionally interesting charts were released on GoldSilverWorlds and other sites. In this article, we collect the most interesting charts expressing gold's fundamental and technical ...
more...
No comment yet.
Scooped by Own Gold LLC
Scoop.it!

U.S. Investors Buy Early During This Gold Market Rebound - Seeking Alpha

U.S. Investors Buy Early During This Gold Market Rebound Seeking Alpha The gold price rebounded from its first weekly decline of the year last week beginning with a strong rally on Monday as equity markets plunged and then culminating with another...
more...
No comment yet.
Scooped by Own Gold LLC
Scoop.it!

Christine Hughes: Gold, Gold, Gold

Christine Hughes, President and Chief Investment Strategist of OtterWood Capital, shares her view on where she sees Gold heading in 2014.
more...
No comment yet.
Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

17 Questions About Gold and Silver The Federal Reserve Needs to Answer

17 Questions About Gold and Silver The Federal Reserve Needs to Answer | Own Gold LLC | Scoop.it

By: GE Christenson

 

1.  Germany requested that the NY Federal Reserve return the gold that Germany shipped to the United States decades ago. If the gold were physically in the vaults, it would be relatively simple to ship the gold back to Germany. It has not been returned, which begs the question, where is Germany’s gold?

 

2.  If Germany’s gold is “missing,” what about other gold from other countries that is supposedly stored at the NY Fed?

 

3.  Does the U.S. gold supposedly stored at Fort Knox and at the NY Fed still exist in those vaults? ...


Via Hal
more...
Hal's curator insight, February 13, 11:26 AM

Click through for the rest.

Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

Sufiy: Bubble Chronicles: Drug Site Silk Road Wiped Out By Bitcoin Glitch

Sufiy: Bubble Chronicles: Drug Site Silk Road Wiped Out By Bitcoin Glitch | Own Gold LLC | Scoop.it

 So much for the store of value and "Gold 2.0": Bitcoin continues its troubles now related not only to the herd mentality chasing the bubbles, but to the fatal flaw in the core of it praised crypto-currency architecture. Meanwhile the real and one only Gold is breaking out with topping $1,322 intraday. Realisation that there is no substitutes for Gold will be another factor to ignite this new Gold Bull leg. China was first here again and bought record amount of 247 tons of Gold in January. ...


Via Hal
more...
Hal's curator insight, February 14, 1:53 PM

Click through for the rest.

Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

Trader Dan's Market Views: Old Yeller makes it above $1300

Trader Dan's Market Views: Old Yeller makes it above $1300 | Own Gold LLC | Scoop.it

It has been a while since we have seen a "13" handle in front of Ol' Yeller, three months to be precise! Gold has managed to stay firm and avoid any strong bout of profit taking. Dips are being eagerly bought and retracements are very shallow. Shorts are grudgingly now giving up the ghost while some new longs are pushing into the path of least resistance. I get the distinct impression from watching the recent price action that this looks a lot like reluctant short covering on the part of some more enduring bears who are getting out, not in a panic but methodically as the market refuses to break down. ...


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

Gold and the Dow – Beware the Ides of March - Mineweb

Gold and the Dow – Beware the Ides of March - Mineweb | Own Gold LLC | Scoop.it

With a scary 1928/29 chart of the Dow showing huge parallels with the current one, and gold seemingly beginning to return to favour are we beginning to see a switch back from general equities to gold?


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

Grandich Observation

Grandich Observation | Own Gold LLC | Scoop.it

The “Don’t Worry, Be Happy" crowd that runs rampart on Wall Street and much of the financial media that follows them had a banner day yesterday. Their new “Pied-Piper Yellen picked right up where Helicopter Ben left off and the “Happy” people didn’t miss a beat.

The Japanese stock market hit its high in 1989 and for 25 years we’ve been told both it and their economy will recover (but nothing could be further from the truth). Ironically, similar failed monetary and fiscal policy practiced there is now what the FED is doing here and I believe we shall see similar results.

 

I received dog poo in September 1987 as a description of what they thought of my dire stock market forecast. In early 2000, I was laughed at when I warned of the end of the great bull-run and told the NASDAQ would rise 10%-20% for years to come. In late 2007, when my fear was so great I dared to suggest for only the second time in my career for the average investor to short the U.S. stock market, I received “stained” underwear with a note that will be mine after how high I see the stock market rise after my short recommendation. ...


Via Hal
more...
Hal's curator insight, February 12, 4:59 PM

Click through for the rest. He thinks the precious metals have bottomed.

Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

The Golden Truth: Go Figure! Since "Tapering" Started In December, Gold Has Been Best Asset To Own

The Golden Truth: Go Figure! Since "Tapering" Started In December, Gold Has Been Best Asset To Own | Own Gold LLC | Scoop.it

The only theory I can think of to explain this is that the smart money in the market is anticipating that the Fed will have to soon reverse itself and pump even more money into the banking system.

Although I was wrong that gold would fly when QE3 started - primarily due to the the Fed's price containment of gold (see today's earlier post) - I did say late last year that if the Fed did start to taper I would not be surprised to see gold start to chew threw the market obstacles being thrown at it by the Fed/bullion banks and move higher in anticipation of an eventual reversal of the taper.  Janet Yellen is just person for that task given her stance on interest rates and "deflation fighting." ...


Via Hal
more...
Hal's curator insight, February 12, 5:46 PM

Click over for the full size chart and rest of the post.

Scooped by Own Gold LLC
Scoop.it!

Is This Why Gold Prices Are Rising? | Zero Hedge

Is This Why Gold Prices Are Rising? | Zero Hedge | Own Gold LLC | Scoop.it
While there are numerous reasons why precious metals prices rise and fall - from supply, demand, manipulation, money-printing, and jawboning - it is abundantly clear that as prices drop, Asian demand has risen rather notably.
more...
No comment yet.
Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

Robert Wiedemer: 100% Fake Economic Recovery | Greg Hunter’s USAWatchdog

Robert Wiedemer: 100% Fake Economic Recovery | Greg Hunter’s USAWatchdog | Own Gold LLC | Scoop.it

By Greg Hunter’s USAWatchdog.com 

 

Robert Wiedemer, best-selling author of “The Aftershock Investor,” says the so-called recovery is “100 percent fake.”  Wiedemer explains, “If you look at the amount our economy has grown last year, our GDP grew 2% or $350 billion, but we borrowed over $700 billion.  That tells you right there that we are borrowing more than we are even growing.  Our entire growth is due to government borrowing . . . it’s a fake recovery.”  Wiedemer, who has totally rewritten and updated his book, goes on to say, “It would be great if we would adjust our economic figures for stimulus.  What would the figures really look like if you took the fake money and borrowed money away?”  It is supported heavily by printed money of over a trillion dollars last year.  We’re not talking about what’s driving the recovery we are getting, and it’s powered by massive money printing and massive money borrowing.  Yes, we are getting some recovery, but it is not driven by something that is sustainable.” 

 

On the bond market, Wiedemer contends, “The only way you can keep interest rates low is to print money, and you are printing money to buy bonds.  Ultimately, that’s not going to work.  If printing money could do all the things they say it can do without creating inflation then . . . why don’t we get rid of taxes?  We could print the money instead.  The money we are printing, ultimately, will create inflation.”  Overall, the bond market has turned and turned for good, and you are going to have inflation.  That’s really going to be a problem for the bond market.” 

 

On the stock market, Wiedemer says, “Fundamentally, stocks should reflect earnings, and last year, stocks were up 30% and earnings were up about 3%.  So, we’re way out of line with corporate reality, and we’re way out of line with economic reality.” ...


Via Hal
more...
Hal's curator insight, February 11, 3:48 PM

Click through for the video interview.

Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

Bundesbank Changes Gold Repatriation Schedule

One of the initiators of the German public campaign “Repatriate our Gold” is Peter Boehringer of “German Precious Metal Society” (est 2006). After lengthy efforts together with partner the “European Taxpayers Association”, the team finally, in January 2013, brought about Bundesbank´s decision to repatriate 300 tons of gold from the US and 374 tons from France  by end-2020. Because asking your gold back from the US being quite sensitive, the repatriation would be spread over an eight year period. This was the original allocation schedule for the German official gold holdings, 3390.6 tons, set up in January 2013... 


Via Hal
more...
Hal's curator insight, February 11, 4:13 PM

Click through for the rest.

Rescooped by Own Gold LLC from Gold and What Moves it.
Scoop.it!

Silver demand from India's gigantic solar plant to exceed 20 million ounces a year,1 | ScrapMonster.com

Silver demand from India's gigantic solar plant to exceed 20 million ounces a year,1 | ScrapMonster.com | Own Gold LLC | Scoop.it

MUMBAI (Scrap Monster): India is about to build the world’s largest solar plant in the northern state of Rajastan. The 4,000 megawatt capacity plant is expected to raise the silver demand in the country substantially. The annual silver demand from the plant is estimated at nearly 20 million ounces per year. In other words, the silver demand from photovoltaic (PV) cells will jump by nearly 40% from the 50 million ounces recorded in 2013.

 

According to estimates, the proposed solar plant will occupy 77 square kilometers of land that has already been earmarked near Sambhar Salt Lake. The cost of the project is estimated to be around $4.4 billion. A consortium of six state-owned energy companies is in charge of the construction activities. The estimated life of the plant is around 25 years. ...


Via Hal
more...
Hal's curator insight, February 11, 4:23 PM

One wonders just why it is that the price of silver remains at $20 an ounce. Just saying.

Scooped by Own Gold LLC
Scoop.it!

Gold futures gain almost 2% for the week - MarketWatch

Gold futures gain almost 2% for the week - MarketWatch | Own Gold LLC | Scoop.it
Financial Express Gold futures gain almost 2% for the week MarketWatch Among equities Friday afternoon, metals-mining companies saw their shares move higher, with the Philadelphia Gold and Silver index (NPI:XAU) adding 2.6% and ready for a weekly...
more...
No comment yet.