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Articles relating to gold, what moves it its prices and what to expect next.
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Gold / Silver / Copper futures - weekly outlook: February 10 - 14 - Investing.com

Gold / Silver / Copper futures - weekly outlook: February 10 - 14 - Investing.com | Own Gold LLC | Scoop.it
Gold / Silver / Copper futures - weekly outlook: February 10 - 14
Investing.com
Comex gold prices ended Thursday's session little up 0.02% at USD1,257.20 a troy ounce.
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Some say gold prices, miners can regain their glitter in 2014

Some say gold prices, miners can regain their glitter in 2014 | Own Gold LLC | Scoop.it
Gold miners' shares have jumped to the top of performance lists in a dramatic reversal, prompting some strategists to see signs that 2014 may be the year gold regains its shine.
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Silver and Gold Prices: Gold Price Likely to Break Above Downtrend Line this Week

Silver and Gold Prices: Gold Price Likely to Break Above Downtrend Line this Week | Own Gold LLC | Scoop.it
Silver and Gold Prices - Daily gold and silver price forecasts by Franklin Sanders The MoneyChanger. (Gold Price Likely to Break Above Downtrend Line this Week: Gold Price Close Today : 1257.30. Change : 5.60 or ...
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James Turk Blog: James Turk on Fiat Money

James Turk on Fiat Money ... Why Hasn't the Money Bubble Burst Yet? 22 hours ago. Gold and Silver News ... Jim Rickards Blog · Jim Rickards on the Currency Wars and Jim Hamilton on the Fed, Fracking and Peak Oil.
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Shocking Reality Of What Will Happen As Currencies Collapse

Shocking Reality Of What Will Happen As Currencies Collapse | Own Gold LLC | Scoop.it

Keith Barron tells King World News:  “Right now the whole world is focused on emerging markets.  We have seen a number of currencies in turmoil, including the South African rand, the Turkish lira, and the Argentine peso.

 

All of these central banks are raising their interest rates in order to protect their currencies from going into free fall.  Of course this is helping gold.  We have also seen some nice upside action in the gold equities as well.

 

This emerging market turmoil is going to get worse from here.  It’s hard to say where it’s going to spread.  We haven’t seen anything happening in Europe yet, but circumstances would suggest that it is going to spread to the PIIG countries.  This will put pressure on the euro. ....

 


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New gold and diamond buyers emerge at Dubai Shopping festival - GOLD NEWS - Mineweb.com Mineweb

New gold and diamond buyers emerge at Dubai Shopping festival - GOLD NEWS - Mineweb.com Mineweb | Own Gold LLC | Scoop.it

Normally crammed with Indian expats and Indian tourists, this year Dubai’s gold and diamond traders have seen a strong presence of Chinese and European buyers, along with Arab customers going for gold.

 

Author: Shivom Seth
Posted: Thursday , 30 Jan 2014 

MUMBAI (MINEWEB) - 

 

Gold jewellers in Dubai have reported the strongest gold sales in seven years, with over four million shoppers crowding the retail and jewellery outlets at the Dubai Shopping Festival. Though Indian expats and Indian tourists have taken the lead in the gold rush this year, diamond jewellery counters are also registering an increased presence of buyers from China and from European tourists.

 

Tomy Joseph, general manager of the Dubai Gold and Jewellery Group told Gulf News that sales had jumped by about 35% as compared to last year’s sales, in the first eleven days of the festival period.

 

He added that an average 250 kilograms of gold was sold daily in participating outlets in Dubai this year in ...

 


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Hal's curator insight, January 31, 5:06 PM

Click over for the full report. I find it most interesting. Buying physical continues by the road outside the West.

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Chinese Gold Rush Heating Up

In the trading week from January 20 – 24 physical gold withdrawn from the SGE vaults accounted for 57 tons, this is the third week in a row SGE withdrawals have been more than weekly global mine production. In the first 24 days of 2014 withdrawals from the SGE accounted for 216 tons. With one trading week left this month it’s very likely January 2014 will break the all time record of monthly withdrawals, surpassing the 236 tons from April 2013. Is this the height of the Chinese gold rush? ...


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Hal's curator insight, January 31, 1:56 PM

Click through for the rest and the great charts. And when you are there be sure to bookmark or grab his RSS feed.

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Richard Russell - The World Is Headed For A Major Disaster

Richard Russell - The World Is Headed For A Major Disaster | Own Gold LLC | Scoop.it

Russell: “I understand that there was almost a revolt at the Fed.  Certain members warned Bernanke to halt the Fed's wild money creation, fearing that it would wind up in hyper-inflation.  But the Fed cannot completely halt its QE.  The Fed is now buying 90% of the Treasuries that are put out for sale.  

 

If the Fed halts its buying of Treasuries, who will buy them?  Certainly not China or USA investors.  Bernanke's thinking or hoping is that continued Fed stimulus will result in the US economy becoming so strong on its own that in due time it won't need any Fed stimulus.

 

However, matters are not working out in the way Bernanke wishes.  The economy is still dragging its feet, and employment is still lagging.  In the meantime, the banks, not the US populace, have prospered.  The banks' reserves have been swelling.  What dissenting Fed members are worried about is that bank reserves are growing and are beginning to resemble water behind a dam, pressuring to be released.  When the dam finally breaks, all assets will go through the roof, and, as usual, leave the ever-suffering middle class behind. ...


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Hal's curator insight, January 31, 2:35 PM

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Maguire: Desperate BIS & Fed Wage War On Gold As China Buys

Maguire: Desperate BIS & Fed Wage War On Gold As China Buys | Own Gold LLC | Scoop.it

Andrew Maguire told King World News that an increasingly desperate BIS and Fed are accelerating their war on gold, even though The PBOC (People’s Bank of China) is aggressively buying while supposedly on holiday.  He also spoke about what is going on behind the scenes in his powerful interview:

 

We started the week some $30 above the $1,250 options sweet spot, and it was no coincidence that on the following day, (with most participants on the side-lines ahead of FOMC), that at the exact moment of option expiry we hit that precise level.  Of course this price manipulation pays no attention to the strong wholesale market and because of this divergent action, it allows large volumes of physical gold to exit the Western system without driving up the price.  

 

Physical buyers are fully aware that options expiration and rollovers have historically always created strong buying opportunities, so savvy buyers such as sovereigns just patiently wait in the wings for these events to take place.  They then move in to accumulate physical gold at the cheapest prices as the downside manipulation unfolds -- something we saw once again this week. ...


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Hal's curator insight, January 31, 4:56 PM

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MyRA or TheirRA? Whose Money Is It, Really?

MyRA or TheirRA? Whose Money Is It, Really? | Own Gold LLC | Scoop.it

I suggest that people cash in whatever they can of their current 401ks and IRAs now and get those funds internationalized and away from the ever needy US government... even if it means taking a tax hit.  And, if you can't or don't want to cash out your retirement funds now before they get fully nationalized and inflated into worthlessness then you should change your IRA into a self-directed IRA which allows you to internationalize the funds in the IRA into almost any investment on Earth. ...


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Hal's curator insight, January 31, 5:48 PM

Click over for the full post. Worthy read.

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What The Hell Is Going On With The German Gold & Fort Knox

What The Hell Is Going On With The German Gold & Fort Knox | Own Gold LLC | Scoop.it

Today one of the wealthiest people in the financial world was lashing out about what is going on with the German gold hoard and also the gold which is supposed to be stored in Fort Knox.  This is an incredibly important interview with Rick Rule, who is business partners with billionaire Eric Sprott, where he predicts that global markets will see tremendous panic and chaos in 2014, and where he also discusses the ongoing war in gold.”

 

Rule:  “Every time I see something about gold in the mainstream media I’m afraid we haven’t hit a capitulation point yet.  But the questions they are asking about the gold market are good questions.  I can’t help but wonder why it takes them seven years to get delivery when the Germans want 1,200 tons of gold that they’ve already paid for....


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Hal's curator insight, January 29, 1:58 PM

Click through for the full interview.

 

Germany and their gold is going to be one of those historical turning points, I do believe.

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World's top money manager finds what really moves the gold price

World's top money manager finds what really moves the gold price | Own Gold LLC | Scoop.it
PIMCO's commodity portfolio manager goes where Warren Buffet, Ben Bernanke and Janet Yellen fear to tread.

 

Nicholas J. Johnson, an executive vice president at PIMCO, the world's largest money manager with an eye-watering $2 trillion in assets across its various funds, is also the company's portfolio manager focusing on commodities.

 

In one of the giant financial company's latest missives, Johnson makes a compelling attempt to demystify the gold price; something some of the smartest people in the financial world are more than willing to admit they cannot explain or understand.

 

Billionaire investor Warren Buffet famously eschews investment in the metal and positing that aliens from Mars would only scratch their head when they see humans dig it out of a hole in the ground, melt it down, put it back in the hole and then pay people to look after it.

 

Those steering the finances of the free world also plead ignorance about gold, despite that fact that gold is one of the most liquid assets in the world with daily trade exceeding $240 billion – more than US equity markets combined.

 

Current chair of the US Federal Reserve Janet Yellen said last year: "I don’t think anybody has a very good model of what makes gold prices go up or down,” while her predecessor showed equal befuddlement over the price of gold when he answered a question by saying: ""Nobody really understands gold prices and I don't pretend to understand them either." ...


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Hal's curator insight, January 29, 3:17 PM

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Crisis in Argentina sparks new gold rush - MarketWatch

Crisis in Argentina sparks new gold rush
MarketWatch
No, I haven't gone gold bug or paranoid. I'm not dressing up in camo or wearing tin foil on my head to stop radio waves from NSA satellites. The actual cause was simple.
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Gold Prices And Miners Regain Glitter In 2014

Gold Prices And Miners Regain Glitter In 2014 | Own Gold LLC | Scoop.it
Gold Miners ETF vaulted 11%-17% this year after a 54%-61% crash in 2013. Gold up 4.5% after 28% loss in 2013. Has a new uptrend started?
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Gold bugs, be patient your time is coming

Gold bugs, be patient your time is coming | Own Gold LLC | Scoop.it
Demand for physical gold has soared. Okay, so that hasn’t shown up significantly in the spot gold price yet but that’s likely to come soon.
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Dad Can't Buy Girl New Shoes After Argentina Devalues Peso - Moneynews

Dad Can't Buy Girl New Shoes After Argentina Devalues Peso - Moneynews | Own Gold LLC | Scoop.it
Dad Can't Buy Girl New Shoes After Argentina Devalues Peso Moneynews 27 the government eased some currency restrictions and raised interest rates by more than six percentage points in an effort to reduce dollar demand that has drained central bank...
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Stock Correction Bullish For Gold, Upside Breakout Looms

Stock Correction Bullish For Gold, Upside Breakout Looms | Own Gold LLC | Scoop.it
Gold shrugs off the Fed’s taper but awaits an upside catalyst to send prices higher.
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Italy's Used Gold Brokerage Business - The Second-Largest In The World - Is Going Bust

Italy's Used Gold Brokerage Business - The Second-Largest In The World - Is Going Bust | Own Gold LLC | Scoop.it
Declining prices for gold futures is sending Italy's used gold brokers into a tailspin.

 

ROME -- The placards are still there, punctuating suburban thoroughfares, proclaiming in bold black text against a bright yellow background: “We Buy Gold.” 

 
But the signs, like the gold they advertise to buy, are increasingly relics themselves, because the shops where Italians once traded the precious metal for cash are largely empty, and many have closed.
 
Heavy losses caused by a proliferation of gold brokers, continuous gold depreciation and a sharp decline in the number of Italians willing to sell off their jewels has sent almost four in 10 gold-buying firms into bankruptcy, collapsing a business that once comprised 38,000 retailers and made Italy the second-largest supplier of scrap gold in the world, after the United States.
 
Surviving businesses, such as the one owned by a 23-year-old Chinese man named Zhu, who asked that his full name not be published, face a life-or-death struggle whose outcome will be dictated by the direction of gold futures. ...


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“The Financial Physician”- Why Would Anyone Keep A Lot Of Money In A Bank? | The Financial Physician

This video is about The Financial Physician

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Real Disposable Income Plummets Most In 40 Years | Zero Hedge

Real Disposable Income Plummets Most In 40 Years | Zero Hedge | Own Gold LLC | Scoop.it
We may not know much about "Keynesian economics" (and neither does anyone else: they just plug and pray, literally), but we know one thing: when real disposable personal income drops by 0.2% from a month earlier, and plummets by 2.7% from a year ago,  the biggest collapse since the semi-depression in 1974, something is wrong with the US consumer.

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Hal's curator insight, January 31, 2:16 PM

I don't know how anyone spins this as a positive sign of recovery.

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Shocking Reality Of What Will Happen As Currencies Collapse

Shocking Reality Of What Will Happen As Currencies Collapse | Own Gold LLC | Scoop.it

Keith Barron tells King World News:  “Right now the whole world is focused on emerging markets.  We have seen a number of currencies in turmoil, including the South African rand, the Turkish lira, and the Argentine peso.

 

All of these central banks are raising their interest rates in order to protect their currencies from going into free fall.  Of course this is helping gold.  We have also seen some nice upside action in the gold equities as well.

 

This emerging market turmoil is going to get worse from here.  It’s hard to say where it’s going to spread.  We haven’t seen anything happening in Europe yet, but circumstances would suggest that it is going to spread to the PIIG countries.  This will put pressure on the euro. ....

 


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Christian sees $1320 gold before end of Q1, $1900 long term - Mineweb

Christian sees $1320 gold before end of Q1, $1900 long term - Mineweb | Own Gold LLC | Scoop.it

Overall Jeff Christian of the CPM Group is mildly bullish on gold suggesting an increase to the low $1,300s over the next two months and to substantially higher levels, but only over a several year period.

 

Author: Lawrence Williams
Posted: Friday , 31 Jan 2014 

LONDON (MINEWEB) - 

 

Jeffrey Christian, Managing Partner of New York based commodities and agricultural research organisation CPM Group, is something of a bête noire to the ardent gold bull community given his stated views run contrary to theirs on a number of issues – most notably on gold market manipulation. Indeed he probably takes some perverse pleasure in this and is certainly not shy of entering the lion’s den and putting his viewpoints forward at some events where he is certain to be doing so in front of a largely hostile audience.

 

Nonetheless he runs a highly respected research organisation and its prognostications on the likely forward path of the gold price have always been taken extremely seriously by the mainstream corporate and investment sector – and in general the research cannot be considered to be either permanently bearish or bullish, but is put forward as Christian and his team of researchers see the position at the time.

 

So he will be particularly pleased that he called the January high point in gold almost to the dollar ...

 


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Ron Paul: Here's why #gold is a safe haven again

Ron Paul: Here's why #gold is a safe haven again | Own Gold LLC | Scoop.it
Former Texas congressman Ron Paul discusses the virtues of gold in an uncertain economic environment.

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Gold Chat: The story behind JPM's 10 tonne gold withdrawals

Gold Chat: The story behind JPM's 10 tonne gold withdrawals | Own Gold LLC | Scoop.it

What is JPM up to? A detailed look at the movements in an out of their eligible stock indicates they, or a client, is stockpiling/parking kilobars in a Comex warehouse for later withdrawal, possibly to do with Chinese new year. Back in October, TF Metals Report noticed some "round number" Comex movements in multiple of exactly one tonne. At the time I noted that 3 kilo bars are acceptable for delivery against a Comex contract and speculated that: "if we see 99.5 bars going into COMEX then it may be an indicator that Asian demand has eased. Maybe JPM had commitments with refiners to buy their output for a period of time, and if Asian demand had eased then they may have just asked their refineries to make 99.5 (for all we know maybe those deliveries were 99.99 kilo bars) and they are just parking them in their COMEX warehouse, waiting for Asian demand to return ... if there are movements of round ounce tonne lots, indicative of kilo bars, out of the warehouses then it may be an advance bullish signal of Asian demand returning." Given these two large recent withdrawals, I decided to have a look at all tonne type movements in and out of JPMs eligible stock over the past two years. ...


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Hal's curator insight, January 29, 2:53 PM

Click through for the data and the rest of the post.

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Bitcoin, Gold, and the Quantity of Money | Keith Weiner | Safehaven.com

Bitcoin, Gold, and the Quantity of Money | Keith Weiner | Safehaven.com | Own Gold LLC | Scoop.it

The popular view today is based on the linear Quantity Theory of Money. It seems to be common sense. If more units of a currency are issued, then the value of each unit should fall. Many people may not think of it in explicit terms, but the idea is that the value of one unit of a currency is 1/N, where N is the total money supply. If you double the money supply, then you halve the value of each currency unit.

 

Inflation, according to this view, is either the cause -- the increase in the money supply itself. Or it's the effect -- rising prices. The Keynesians hold that inflation is good, and the Monetarists basically agree, though they quibble that the rate should be limited. The Austrians universally think inflation is bad.

 

The Quantity Theory is not based in reality. One should think of this theory like the Lamarckian theory of evolution.[1] Lamarck asserted that changes to an animal's body -- e.g. its tail is cut off -- can be passed on to its offspring. At the time, this theory may have seemed only common sense, and it was very convenient, if not tempting. The same is true with the Quantity Theory of Money. It is convenient, seems like common sense, tempting -- and wrong.

 

The Fed has been inflicting Quantitative Easing on us for five years ...


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