Gold and What Moves it.
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Silver Prices - The Big Picture | GE Christenson | Safehaven.com

Silver Prices - The Big Picture | GE Christenson | Safehaven.com | Gold and What Moves it. | Scoop.it

Question: What do May 2004, January 2005, August 2005, June 2006, October 2008, February 2010, September 2011, December 2011, June 2012, and December 2012 have in common?

 

Answer: They represented significant price lows in silver, AND those lows were confirmed by the weekly stochastic (14,3,3) indicator and the weekly TDI Trade Signal Line (13,5) as shown in the following chart of silver prices since 2004. Note the red circles showing price lows and corresponding turns in the stochastic and TDI indicators from oversold levels. ...

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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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LearCapital | Download Lear Gold & Silver Daily Today!

LearCapital | Download Lear Gold & Silver Daily Today! | Gold and What Moves it. | Scoop.it

Download the Free Lear Gold & Silver Daily Today!

 

Stay on top of the latest breaking commodities market news, coin prices, real time charts and special promotions from Lear Capital's “Lear Gold and Silver Daily” app for both iOS  and Android devices .

 

The Lear Gold and Silver Daily app is a special new benefit brought to you by Lear Capital at no additional cost.

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The Fed Isn't "Confused" About Inflation... It WANTS You In the Dark!

The Fed Isn't "Confused" About Inflation... It WANTS You In the Dark! | Gold and What Moves it. | Scoop.it
The Fed claims it’s “confused” as to why inflation remains so low.

The Fed isn’t confused at all. It intentionally measures inflation in ridiculous ways to guarantee that the “official number” remains nowhere near reality.

On top of this, we have factual evidence that Fed is in fact well aware that inflation is clocking in well above its 2% "target.”

Indeed, the New York Fed’s UIG inflation measure (which includes a “full data set,” unlike the ridiculous CPI which ignores most costs of living) records inflation between 2.25% and 3%.

-the UIG measures currently estimate trend CPI inflation to be in the 2.25% to 3.00% range, with both registering above the actual twelve-month change in the CPI.
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Mideast Turmoil: Follow the Oil, Follow the Money

Mideast Turmoil: Follow the Oil, Follow the Money | Gold and What Moves it. | Scoop.it
In this scenario, time is running out for Saudi Arabia's free-spending royalty and state-- and for all the other free-spending oil exporters.

While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase is to follow the oil, follow the money. Correspondent B.D. recently posited a factor that has been largely overlooked in the geopolitical / fate-of-the-petrodollar discussions:
Perhaps the core dynamic is a technical one of diminished oil production. Here is Bart's commentary:
"I think the Saudis may be quickly running out of profitable oil to produce/export.
I think they tried to over-produce for a while to damage the competition... and they now have production issues resulting from that. (As has happened in the past)
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Gold And Silver: Something Different Is Occurring

Gold And Silver:  Something Different Is Occurring | Gold and What Moves it. | Scoop.it
JP Morgan, at least according to the daily Comex warehouse report, added over half a million ozs of silver to its “historic” stash of silver at the Comex:   TF Metals Report.  It would be even more interesting to see an actual independent accounting of that specific metal which would track the serial numbers on the bars to the legal owner of title.

I’ve been hedged in my mining stock portfolio since early September.  The signal for me to hedge is the reliable Comex bank “net short” position as reported in the weekly Commitment of Traders report. Since late summer, the bank net short position, and the corresponding hedge fund “managed money” net long position, has been at an extreme level.

Historically this is the signal that the Comex banks will implement what I call a “COT open interest liquidation” take-down of the gold/silver price using Comex paper to trigger hedge fund stop-loss positions.  This enables the Comex banks to cover their shorts and print huge profits. It’s also illegal trading activity but that’s for another day.
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Jim Rogers ‘unplugged’ on gold, debt jubilee, and bitcoin

Jim Rogers ‘unplugged’ on gold, debt jubilee, and bitcoin | Gold and What Moves it. | Scoop.it
Porter and Buck welcome investing legend and best-selling author Jim Rogers for an exclusive extended interview. Jim calls in from Singapore to tell you about the first time he met Porter 20 years ago, his latest thoughts on gold, and what he sees as the “first shoe to drop” in a debt jubilee scenario. Porter asks Jim about bitcoin (around the 26-minute mark), cryptocurrencies, and the advanced adoption of digital payments in Asia. Jim reveals that he regrets not buying any bitcoin, and you’ll be surprised at what he thinks governments could do with cryptos. Porter asks Jim if he had to invest all his money in one type of asset, what would it be?
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The Big Reversal: Inflation and Higher Interest Rates Are Coming Our Way

The Big Reversal: Inflation and Higher Interest Rates Are Coming Our Way | Gold and What Moves it. | Scoop.it
This interaction will spark a runaway feedback loop that will smack asset valuations back to pre-bubble, pre-pyramid scheme levels.

According to the conventional economic forecast, interest rates will stay near-zero essentially forever due to slow growth. And since growth is slow, inflation will also remain neutral.
This forecast is little more than an extension of the trends of the past 30+ years: a secular decline in interest rates and official inflation, which remains around 2% or less. (As many of us have pointed out for years, the real rate of inflation is much higher--in the neighborhood of 7% annually for those exposed to real-world costs.)
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Congressmen press the U.S Mint for action on counterfeit gold and silver coins — Mint News Blog

Congressmen press the U.S Mint for action on counterfeit gold and silver coins — Mint News Blog | Gold and What Moves it. | Scoop.it
Washington, DC (October 29, 2017) — Congressmen Alex Mooney (R-WV) and Frank Lucas (R-OK) delivered a formal letter to the United States Mint and the Secret Service on Friday, urging aggressive action on the growing problem of high-quality counterfeits of U.S. precious-metals coins entering the country from China and elsewhere.

“Enclosed herewith is a 1995 1-ounce gold American eagle coin, carrying a face value $50 and ostensibly minted by the U.S. Mint,” Mooney and Lucas wrote. “You are free to keep it, as it’s a worthless tungsten fake.”

As members of the House Financial Services subcommittee, which oversees the U.S. Mint, Congressmen Mooney and Lucas are seeking information from the government institution responsible for the production of coinage for the United States, such as “the nature and quantity of complaints — and resulting investigations — regarding counterfeit U.S. gold, silver, and platinum coins within the last two years,” and “what anti-counterfeiting programs, if any, are in place to protect the integrity of U.S. coins minted specifically of gold, silver, platinum, and palladium.”
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Gold market is moving from West to East, Shanghai exchange chief says | Gold Anti-Trust Action Committee

Gold market is moving from West to East, Shanghai exchange chief says | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it
Shanghai Gold Exchange Marks 15th Anniversary

From Xinhua News Agency, Beijing
Tuesday, October 31, 2017

SHANGHAI -- The Shanghai Gold exchange celebrated its 15th anniversary on Monday.

The exchange started business on Oct. 30, 2002, and the last 15 years have been a journey of the opening up of China's gold market, the exchange said in a statement.

In 2007 China became the world's largest gold producer, replacing South Africa, it said. According to the China Gold Association, China produced 453 tonnes of gold and bought 975 tonnes in 2016.

"The exchange has led the international gold market in terms of volumes, and the market is moving from the West to the Dast," said Jiao Jinpu, chairman of the exchange
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Observations on Wealth-Income Inequality (from Federal Reserve Reports)

Observations on Wealth-Income Inequality (from Federal Reserve Reports) | Gold and What Moves it. | Scoop.it

by Charles Smith:


There's a profound difference between assets that produce no income and those that produce net income.

To those of us nutty enough to pore over dozens of pages of data on wealth and income in the U.S., the Federal Reserve's quarterly Z.1 reports and annual Survey of Consumer Finances (SCF) are treasure troves, as are I.R.S. tax and income reports.

Allow me to share a few observations on family wealth and income drawn from my review of these documents...

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Notes From Underground: A Celebration Of The Greatest Act Of Financial Alchemy (Ever)

The Swiss National Bank (SNB) has pulled off the greatest act of alchemy by printing copious amounts of Swiss francs (CHF) and turning the currency into real corporate assets. The SNB has grown its balance sheet to CHF800 billion  from CHF500 billion in 2015, 85 percent of which is foreign exchange holdings in various forms.…
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Gold Price Awaiting Fed Chair Nomination

(Kitco News) - Gold traded down to support at $1,272 early yesterday and the momentum certainly seemed lower but a snapback rally caught me by surprise. There was no real catalyst for the rally, but I suspect the softening in the equity market prompted traders to buy the dip. ...

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Yuan As Reserve Currency - Really?

Yuan As Reserve Currency - Really? | Gold and What Moves it. | Scoop.it
Yuan As Reserve Currency – Really? by Rory – The Daily Coin



I was listening to a video earlier this morning about China Rapidly Moving Toward Reserve Currency! These 60+ Countries Sign Agreement! and having known for the past several years how China has stated, publicly and through the IMF, she would like to see an end to the reverse currency system and “the dangers of relying on one nation’s currency for international payments” I found this video to be a little disturbing. It seems there should have been a little more thought and research conducted prior to producing such an article.

By simply reviewing the facts, as published in the supporting article for the video one quickly learns something is out of balance.
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THE FRAGILE GOLD INDUSTRY: Gigantic Equipment, Massive Capital Expenditures & Rising Costs – SRSrocco Report

THE FRAGILE GOLD INDUSTRY: Gigantic Equipment, Massive Capital Expenditures & Rising Costs – SRSrocco Report | Gold and What Moves it. | Scoop.it
The gold industry has been built on the leveraging of debt and energy. The days of using human and animal labor to produce the precious yellow metal are long gone. While some gold is still mined the old fashion way, the overwhelming majority is produced by using colossal-sized mining equipment, massive amounts of capital, energy, and materials. Thus, the global gold supply comes via a very complex industry with a lot of moving parts. When one of these critical parts are in short supply or removed, then the entire gold supply system disintegrates. ...
 
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Deflation Means Lower Gold Prices | Kelsey Williams | Safehaven.com

Deflation Means Lower Gold Prices | Kelsey Williams | Safehaven.com | Gold and What Moves it. | Scoop.it
Inflation is the debasement of money by government. The expansion of the supply of money and its subsequent loss in value results in an increase in the general level of prices for goods and services.
Deflation is characterized by a contraction in the supply of money and a decrease in the general price level of goods and services. (What we are currently experiencing is called ‘disinflation’ which is a lower rate of inflation.)
The purpose of this essay is to clarify and explain accurately what to expect regarding gold prices if deflation occurs.
According to Wikipedia: “Inflation reduces the real value of money over time, but deflation increases it. This allows one to buy more goods and services than before with the same amount of money.”
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Doug Casey: What the destruction of the dollar will look like

Doug Casey: What the destruction of the dollar will look like | Gold and What Moves it. | Scoop.it
From Doug Casey, Founder, International Man:

“Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases.

Inflation is not caused by the butcher, the baker, or the auto maker, although they usually get blamed. On the contrary, by producing real wealth, they fight the effects of inflation. Inflation is the work of government alone, since government alone controls the creation of currency.

In a true free-market society, the only way a person or organization can legitimately obtain wealth is through production. “Making money” is no different from “creating wealth,” and money is nothing but a certificate of production. In our world, however, the government can create currency at trivial cost, and spend it at full value in the marketplace. If taxation is the expropriation of wealth by force, then inflation is its expropriation by fraud.
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The Fetid Swamp of Tax Reform

The Fetid Swamp of Tax Reform | Gold and What Moves it. | Scoop.it
The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors.

To understand the U.S. tax code and the endless charade of tax reform, we have to start with four distasteful realities:
1. Ours is not a representational democracy, it's a political auction in which wealth casts the votes that count. Those seeking political influence over issues such as taxation place their bids in the political auction via campaign contributions and lobbying. The winner of the political auction gets favorable treatment, and everyone else ends up subsidizing the gains of the winner.
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‘The next world order’ | Resource Clips

Gold’s our best preparation for a new global monetary system, says James Rickards
by Greg Klein


James Rickards
An economic crisis looms, ready to strike within a few years and maybe imminently. Exponentially worse than 2008, it will be a disaster “so large the system does not bounce back. The system ceases to exist.” That’s the bleak vision of James Rickards, lawyer, economist, portfolio manager, newsletter writer, author of four books and a keynote speaker at the Silver and Gold Summit to be hosted in San Francisco on November 20 and 21. He offers some advice on how to prepare for the impending peril.
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Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom

Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom | Gold and What Moves it. | Scoop.it
Stewart Dougherty returns with unique insight into the powerful Deep State forces behind the relentless manipulation of gold and silver. He also presents a searing look at Jim Rickards’ deceptive role as the Deep State’s grifter.

“There are crooks everywhere you look now. The situation is desperate.” Final blog entry by Daphne Caruana Galizia, 53, renowned Maltese investigative reporter who specialized in exposing state corruption; posted on 16 October 2017, one day before she and her vehicle were blown to bits by a car bomb in Bidnija, Malta

In 2011, gold pulled a “Bitcoin” before anyone even knew what Bitcoin was: its price went vertical to $1,900 per ounce. Inflation-adjusted, the price was still far below its 1980 all-time high, and from all indications, it was going to keep heading north toward its free market print.
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Leander Chosen as Site for Texas Bullion Depository 

AUSTIN, Texas (AP) — An Austin-area city will be home to the Texas Bullion Depository with construction expected to begin early next year. Texas Comptroller Glenn Hegar on Friday announced the site will be in Leander (lee-AND'-ehr), about 20 miles (32 kilometers) north of Austin. The exact location hasn't been revealed for security reasons. Hegar in June announced Lone Star Tangible Assets of Austin was selected to build and operate the depository.
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Gold demand from China picks up again | MINING.com

Gold demand from China picks up again | MINING.com | Gold and What Moves it. | Scoop.it
China seems to have recovered its appetite for gold, with demand for bars and jewellery markedly increasing in the first nine months of the year, data from the China Gold Association shows.

Total gold consumption, including jewellery and bullions but excluding the central bank’s purchases, went up 16% to 815.9 tonnes in the period, the association reported Wednesday according to Xinhua news agency. That’s a positive turnaround from the same period last year, when demand dropped by almost 13%.

Demand for gold bars jumped 44.5% to 222 tonnes amid rising global demand for safe haven investments. Jewellery consumption, in turn, rose 7.44% to 503.87 tonnes.
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As A Dog Returns To Its Vomit, Stock Jockeys Return To The Ponzi Stocks

As A Dog Returns To Its Vomit, Stock Jockeys Return To The Ponzi Stocks | Gold and What Moves it. | Scoop.it
“As a dog returneth to his vomit, so a fool returneth to his folly” (Proverbs 26:11). That proverb is particularly applicable to today’s “everything bubble,” especially stocks and housing. The current en vogue is to compare today’s market to 1987, when the Dow crashed 22.5% in one day. Honestly, I don’t think it matters whether you use 1929, 1987,
2000 or 2007. By just about any conceivable financial metric, the current stock market is the most overvalued, and thereby the most dangerous, in U.S. history. The other “vomit” to which analysts “returneth” are the attempts to explain why today’s extreme valuations are “different” from the extreme overvaluations at previous pre-crash market tops. I find the “interest rates are record lows now” to be the most amusing.
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China's rise, America's fall - Golem XIV - Thoughts

Will the rise of China mean the fall of America?  In a word, yes. Although decline might be more accurate.

Why do I think this?  Because China is about to launch the PetroYuan and when it does the demand for dollars and for dollar denominated debt will shrink. When it does, I question whether the world will be so sanguine about the level of debt that America carries. If that happens then the value of the dollar is in question.

At the moment no matter what level of debt America carries, other countries need dollars. Dollars to pay for oil, since oil is traded in dollars.  Dollars for their financial system so their banks can settle contracts for goods and services traded in dollars.

But over the last few years China has been systematically putting in place everything it needs to launch the Yuan as not only a rival to the dollar in trading and settling oil contracts but as a rival to the dollar as the world’s reserve currency.
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Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds

Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds | Gold and What Moves it. | Scoop.it
The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death.

One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial wherewithal to invest in bitcoin or an alternative hedge such as precious metals.
The limitation on middle class wealth isn't just the total net worth of each family; it's also how their wealth is allocated: the vast majority of most middle class family wealth is locked up in the family home or retirement funds.
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John Embry - A World On The Road To Hyperinflation - King World News

John Embry - A World On The Road To Hyperinflation - King World News | Gold and What Moves it. | Scoop.it

With the Dow and Nasdaq hitting new highs, today John Embry told King World News that we now live in a world that is heading toward a crisis of epic proportions on the road to hyperinflation.

 
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GDP Is Bogus: Here's Why

GDP Is Bogus: Here's Why | Gold and What Moves it. | Scoop.it
Here's a chart of our fabulous always-higher GDP, adjusted for another bogus metric, official inflation.
The theme this week is The Rot Within.
The rot eating away at our society and economy is typically papered over with bogus statistics that "prove" everything's getting better every day in every way. The prime "proof" of rising prosperity is the Gross Domestic Product (GDP), which never fails to loft higher, with the rare excepts being Spots of Bother (recessions) that never last more than a quarter or two.

Longtime correspondent Dave P. of Market Daily Briefing recently summarized the key flaw in GDP: GDP doesn't reflect changes in the balance sheet, i.e. debt.
So if we borrow money to pay people to dig holes and then fill them with the excavated dirt, GDP rises to general applause. The debt we took on to fund the make-work isn't accounted for at all.
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Shell to open electric vehicle charging points at UK petrol stations

Shell to open electric vehicle charging points at UK petrol stations | Gold and What Moves it. | Scoop.it
Oil firm’s first step into UK electric car sector allows drivers to rapid charge battery at handful of forecourts from this week

Via Graham Watson, Bruce Fellowes
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Graham Watson's curator insight, October 18, 2:52 AM
The infrastructure for electric cars is currently lacking, but the fact that existing petrol stations, notably Shell, are starting to open charging points alongside conventional petrol pumps.

This is likely to accelerate over time, although it will be interesting to see how the petrol companies commodify this, or even move into the electric car market.