Gold and What Moves it.
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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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What's with Russia buying even more Gold: SPDR Gold Trust, iShares Gold Trust

What's with Russia buying even more Gold: SPDR Gold Trust, iShares Gold Trust | Gold and What Moves it. | Scoop.it
Turkey's central bank increased its gold bullion holdings by 84% in 2012. In January, the bank bought another 10.3 tons of the precious metal.

 

By Michael Lombardi
Skepticism toward gold bullion prices is increasing. The bears and the mainstream media are focused on the price decline of gold bullion and are clearly not looking at the demand of the metal. The reality: demand for gold bullion is increasing.

As gold bullion prices have declined a little since the beginning of 2013, purchases of gold by central banks have increased. In January, central banks from countries like Russia, Turkey, and Kazakhstan continued to buy more gold bullion.

According to the International Monetary Fund (IMF), the Russian central bank increased its gold bullion holdings by 12.2 metric tons in January to 970 tons. During 2012, the Russian central bank increased its holdings by 8.5%. If Russia keeps its gold-buying pace throughout 2013 at the same level as January, it will increase its holdings of gold bullion by 15% during the year.

Similarly, the central bank of Kazakhstan increased its gold bullion holdings by 1.5 tons in January, bringing its total holdings to 116.8 tons. Over 2012, Kazakhstan’s central bank increased its holdings of gold bullion by 41%. 

Turkey’s central bank increased its gold bullion holdings by 84% in 2012. In January, the bank bought another 10.3 tons of the precious metal. 

Keep in mind that these are not the only central banks buying gold bullion. As the list of central banks printing more money has increased, the number of gold bullion purchasers has grown. ...

Hal's insight:

Central Bankers are going to continue to bank gold. Count on it.

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Doug Casey on G20 Economic Suicide - Casey Research

Doug Casey on why you should take his dire economic warnings seriously.

 

(Interviewed by Louis James, Editor, International Speculator)

L: So Doug, the G20 declared that there will be no currency war. Other than a belly laugh, any reactions?

 

Doug: First, we should define what a currency war is. I'd say it's a competition between governments to devalue their respective currencies, accomplished by creating lots more new dollars, euros, yen, or what have you. The idea is to increase exports and decrease imports, with the supposed bonus of stimulating the economy. It's an idiotic idea, proof that the people struggling for control of the world's economy are both knaves and fools. The worst part is that people apparently think somebody actually can and should try to control the economy. The world is imitating Argentina.

 

I believe that Argentina is still a member of the G20, although hanging on by its fingernails. It would be interesting to see the transcript of the meeting and see what the Argentine representative said, because they're inflating the currency down here at a rate of about 30% per year, even while they're trying to maintain an artificial exchange rate. My suspicion is that the general level of economic knowledge, competence, and ethics among the participants of that conference is not much above that of Argentina.


L: That may be, but it strikes me as being... just so ridiculous. I mean, the US is printing money by the helicopter load and sending much of it abroad, which prompts other countries to try to do the same. Bernanke says it isn't so, but everyone can see it is. How can they say there's no currency war? Is this an attempt at a Big Lie?


Doug: The new Japanese prime minister has come out and said that the Bank of Japan needs to redouble its efforts to create new yen. The Chinese are creating yuan in hyperdrive. The Europeans are doing the same with the euro. In the US, they're printing new dollars at a rate of about 100 billion per month. And that's just among the four big ...

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Trader Dan's Market Views: Three Little Words

Trader Dan's Market Views: Three Little Words | Gold and What Moves it. | Scoop.it

... Part of what we are seeing in gold (and nearly all of the other markets) is the confusion, uncertainty and lack of clarity as to where all this "boldly going where no man has gone before" adventure in monetary policy by the Central Banks of the West is leading. Is it "RISK ON" and full speed ahead with the hugely leveraged carry trades or is it time for the sidelines? Are interest rates going lower or will they move higher? No one really knows because of the speed at which sentiment can shift globally. 

The problem for gold has been and continues to be, the mining sector as evidenced by the HUI. It did manage to fill the first downside gap on its daily chart yesterday but could not even manage a decent close INSIDE THAT GAP. Simply put, the mining sector is so weak, even though it is so oversold, that it is undercutting any strength in the bullion. As I type these comments this morning, the S&P 500 is up nearly 1.3 % while the HUI is down nearly 1.8%. It is that bad. ...

Hal's insight:

Click through for his full piece. This is just a snippet from the middle. The Three little wordst that he is referring to in the title is "Some time soon," by Bernanke in reference to testimony today. It's in regard to reviewing the Fed's QE exit strategy.

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Rick Rule - This Is How You Can Make A Fortune In Gold Right Now

Rick Rule - This Is How You Can Make A Fortune In Gold Right Now | Gold and What Moves it. | Scoop.it

... Here is what Rick Rule, who is the CEO of Sprott USA, had to say about creating great wealth:  “I’m a contrarian.  It’s interesting with regards to physical assets how people shop sales, and with regards to financial assets they prefer it when goods are overpriced.  It’s an interesting contradiction, and of course very, very good for me.  Goods are on sale and I’m loving it.”


"I think history is our guide, Eric.  There have been seven or eight retrenchments in the current gold market, which of course began in the year 2000.  So if you think about the bull market that we’re in, a move in gold from $250 to over $1,500, (as I said) there have been seven or eight retrenchments, and in every case gold has come back and retraced the retrenchment in fairly short order and gone on to make higher highs.

 

"I am convinced that this will be the same thing. ... 

Hal's insight:

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US MINT SETS ALL-TIME SILVER EAGLE SALES RECORD FOR FEBRUARY- NEARLY 11 MILLION SOLD IN 2013!

US MINT SETS ALL-TIME SILVER EAGLE SALES RECORD FOR FEBRUARY- NEARLY 11 MILLION SOLD IN 2013! | Gold and What Moves it. | Scoop.it

After smashing the all-time monthly sales record in January by selling 7.5 million Silver Eagles (even with production halted for half the month), Silver Eagle sales have continued at a record setting clip.   The Mint’s latest February sales statistics indicate the mint has already sold a record 3.37 million Silver Eagles in February, eclipsing February 2011′s previous record for the month of February of 3.24 million ounces sold.


In a little over a month of actual production, the US Mint has sold a mind-blowing 10,866,500 Silver Eagles, approximately 33% of its entire sales for 2012! ...

Hal's insight:

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Jesse's Café Américain: Gold Daily and Silver Weekly Charts - Pop Go the Weasels

Jesse's Café Américain: Gold Daily and Silver Weekly Charts - Pop Go the Weasels | Gold and What Moves it. | Scoop.it

Gold and silver got legs when Bernanke confirmed that the FOMC was just talking about ending QE. And I think we knew that.

But apparently the metals market didn't right? I think this rally has everything to do with the end to this brazenly artificial paper selling into the options expiration yesterday.

So what next?

Gold is approaching a 50 percent retracement of this big waterfall decline that was driven by the funds. While I feel comfortable in buying long term straight up bullion in moments of such extreme oversold weakness ...

Hal's insight:

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Our Government’s Path to Demise Similar to Roman Empire’s - TrimTabs Money Blog

Our Government’s Path to Demise Similar to Roman Empire’s - TrimTabs Money Blog | Gold and What Moves it. | Scoop.it
TrimTabs' Charles Biderman finds fault with the government's sequestration and makes a bold comparison of the US Government to the Roman Empire.

 

By Charles Biderman

 

This government sequestration BS is driving me nuts. I can no longer watch the TV talking heads describing how horrible sequestration will be. The talking heads are saying that if sequestration happens, airports will close, aircraft carriers won’t sail, national parks will close and hundreds of thousands of jobs will be lost.

 

Yet, the TV talking heads who are predicting doom apparently haven’t bothered to do the math. If they did, they would discover that an $85 billion cut in government spending is only 2.4 % of the entire $3.75 trillion federal budget. OK. Back out $2.3 trillion, 62% for entitlements but $85 billion as a % of non entitlement spending is still a relatively modest 6%. So will a 6% drop in non entitlement government spending destroy the economy? They cannot be serious to even consider this.

 

Parenthetically, total income tax collections this year will be $2.6 trillion, meaning that the budget deficit is a modest $1.1 trillion.

 

What is apparent to me is that our government is becoming very good at the big lie. Our government will never say that $85 billion is only 6% of non-entitlement spending. Rather by comparing apples to oranges they are trying to say sequestration is more then 15% of spending. And to increase the fear factor, our government now uses 10-year numbers. Therefore, to scare people silly, sequestration is not $85 billion but a much more ominous $850 billion. Isn’t $850 billion much scarier than $85 billion? ...

Hal's insight:

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4 Extroardinary Charts & The Piece Every Investor Must Read

4 Extroardinary Charts & The Piece Every Investor Must Read | Gold and What Moves it. | Scoop.it

Central Bank Revolution II:

 

By Ben Davies & Company at Hinde Capital


February 26 (King World News) - In the “Central Bank Revolution I,” we depicted how a new mode of monetary policy has been adopted by developed world central banks.  Their new policy adoption is more of the same – that inflationist drug of bank reserve creation, only this time with heightened potency.

 

In this piece, the “Central Bank Revolution II - Chasing the Dragon,” we illustrate how the effects of central bank monetary policy, today, have already distorted the term structure so monstrously that assets have been driven to yields more akin to those of holding money.  The yield grab has extended into riskier and riskier assets and structures, resulting in a diminished return profile that is not compensated for by the falling credit quality, and the heightened duration risk.  The stage has been set for capital losses, as once again investors indulge in levered products, with suspect collateral value, and invest in plain vanilla assets with no margin of safety....

 
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the move to downside is exhausted and running out of scared sellers Jim’s Mailbox « Jim Sinclair's Mineset

... the move to downside is exhausted and running out of scared sellers but, more importantly and significantly, confidence in the real economic recovery has evaporated, enticing buyers to step up and give the market a bid.

 

Gold as our gauge of confidence is giving a strong indication that confidence has once again been lost and investors have finally given their heads a shake and realized what is in front of them. The Fed and Hedgies had fun while the hack job lasted but we are now in the process of building a new base ...

Hal's insight:

Click through for the full email to Jim which he reprinted on his sight. Good to see others who get it.

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Jesse's Café Américain: Goldman, Banking, Washington, and Business Ethics: Cultural Observations from Two Smiths

Jesse's Café Américain: Goldman, Banking, Washington, and Business Ethics: Cultural Observations from Two Smiths | Gold and What Moves it. | Scoop.it

... Corruption, facilitated by the credibility trap, is the biggest problem facing the West today. That is the real subsidy, the most debilitating entitlement. 

It is the belief of the elite that the power of their office is an achievement that rewards them with the right to lie, cheat and steal, both for themselves and their friends.

Although it is most important to understand that they would be shocked and insulted if one uses those words, lie, cheat and steal, to describe what they are doing.  They view themselves as exceptionally hard working, as obligated by their natural gifts and superiority.

Through a long indoctrination that starts sometimes in their families, but is most often affirmed in their elite schools and with their circle of privileged friends, they learn to rationalize selective moral behaviour not as immoral but as 'the entitlement of success.'  And they are supported by a horde of morally ambivalent enablers who will tell them whatever they wish to hear. ...

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The Golden Truth: "Game On" For Gold And Silver!

The Golden Truth: "Game On" For Gold And Silver! | Gold and What Moves it. | Scoop.it
The emergence of technical fund and speculative short selling has created the finishing touches to a market structure set up that is good to go in gold and maybe in silver as well... The bottom line is that an important price low is being put in, if it has not been seen already. - Ted Butler

 

My corollary to Ted Butler's statement is:  outside of 2001 and October 2008, right now is currently the single best time to invest in the precious metals and mining stock sector over the course of this 12-yr - so far - bull market.  What makes now potentially more compelling than 2001 and 2008 is that the fundamental reasons for investing in this sector are stronger than at any time over the last 12 years.

Here's just one example:  back in 2001, the notion of a global currency debasement war was nothing more than the fantasy of gloom and doom conspiracy theorists.  Today, the world is in the middle of a currency war that intensifies with every official pronouncement that denies its existence (see the recent G-20 statement).

I wanted to follow up on my article last week that analyzed the Comex Commitment of Traders (COT) for gold futures. I had suggested the likelihood that the recent increase in the gold futures short position of the large hedge funds, and ...

Hal's insight:

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oftwominds-Charles Hugh Smith: What If ObamaCare, Too Big To Fail Banks and the State Are All the Wrong Sized Unit?

oftwominds-Charles Hugh Smith: What If ObamaCare, Too Big To Fail Banks and the State Are All the Wrong Sized Unit? | Gold and What Moves it. | Scoop.it

The State has monopolized all authority, giving it essentially unlimited power to make things worse.


I recently came across this excerpt from Preparing for the Twenty-First Century by Paul Kennedy (1993): 
The key autonomous actor in political and international affairs for the past few centuries (the nation-state) appears not just to be losing its control and integrity, but to be the wrong sort of unit to handle the newer circumstances. For some problems, it is too large to operate effectively; for others, it is too small. In consequence there are pressures for the "relocation of authority" both upward and downward, creating structures that might respond better to today's and tomorrow's forces of change.
Though Kennedy (author of Engineers of Victory: The Problem Solvers Who Turned The Tide in the Second World War and The Rise and Fall of the Great Powers) is focused on geopolitical issues, this inquiry into the right and wrong sort of unit sizes appropriate to the challenges we now face also raises the larger question: What if it's not just nation-states that are the wrong sort of unit, but also "too big to fail" banks, ObamaCare, the global corporation and every other large-scale, centralized organization? ...
Hal's insight:

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James Turk Warns The Federal Reserve Is Already Insolvent

James Turk Warns The Federal Reserve Is Already Insolvent | Gold and What Moves it. | Scoop.it

Today James Turk told stunned King World News when he warned, “... the Federal Reserve is already insolvent.”  Turk also stated, “Because of the intense leverage that the Federal Reserve employs, this means the mark-down on its $2.844 trillion of securities is, in reality, a staggering $57 billion loss.”  Here is what Turk had to say in this extraordinary interview:  “There was an interesting article in The Telegraph here in London over the weekend, Eric.  It highlighted a study just released by former a Federal Reserve governor that examined the Fed's solvency.”


“As The Telegraph explains, “The Federal Reserve is acutely vulnerable because it has stretched the average maturity of its bond holdings to 11 years, and the longer the date, the bigger the losses when yields rise.”  The paper then went on to say that “trouble could start by mid-decade and then compound at an alarming pace, with yields spiking up to double-digit rates by the late 2020s.”

 

I have been watching the yield on the 10-Year T-note and long-bond carefully here.  It is significant that yields have been rising fairly steadily over the last several months, and yields are already well above the record low they made back in June.  So I decided to read the study....


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Charles Hugh Smith: What Could Go Wrong with the Housing Recovery in 2013? Plenty.

Charles Hugh Smith: What Could Go Wrong with the Housing Recovery in 2013? Plenty. | Gold and What Moves it. | Scoop.it

Federal subsidies and Federal Reserve policies enabled a vast expansion of debt that masked the stagnation of income. Now that the housing bubble has burst, this substitution of housing-equity debt for income has ground to a halt.


What could go wrong with the housing recovery in 2013?  To answer this question, we need to understand that housing is the key component in household wealth. As a result, Central Planning policies are aimed at creating a resurgent "wealth effect": When people perceive their wealth as rising, they tend to borrow and spend more freely. This is a major goal of U.S. Central Planning. Another key goal of Central Planning is to strengthen the balance sheets of banks and households. The broadest way to accomplish this is to boost the value of housing. This then adds collateral to banks holding mortgages and increases the equity of homeowners. Some analysts have noted that ...
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Great read. Click through.

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Jim Sinclair - Gold Will Now Be Released To The Upside

Jim Sinclair - Gold Will Now Be Released To The Upside | Gold and What Moves it. | Scoop.it

With wild trading in key global markets, including gold, today Jim Sinclair, who has been actively trading the markets for over half a century, spoke with King World News to let KWN readers globally know what to expect in the gold market going forward.  Below is what Sinclair, whose father was business partners with legendary trader Jesse Livermore, had to say:

 

Eric King:  “Jim, there are a great many pieces discussing the COT report, can you talk about that?”

 

Sinclair:  “I’m just going to ask you a question and give you a definitive answer:  The question is, do you really believe the people (banks) who manipulated LIBOR are absolutely, totally, and completely honest on the figures that they render to the CFTC on the position of traders (COT)?  The answer is, of course not....


Click over to continue reading the Jim Sinclair interview.

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In The News Today « Jim Sinclair's Mineset

In The News Today « Jim Sinclair's Mineset | Gold and What Moves it. | Scoop.it

Jim Sinclair’s Commentary


When it is all said on done with millions of words in MSM and on the gold blogs, here is the situation defined.

Hal's insight:

Click through for all the charts and political toons Jim Sinclair pulled together to illustrate his point. It's worth a look.

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Update – Market, Economic, Social, Political and Life Commentary by Peter Grandich

... Gold and Silver – While there are numerous positives I’ve posted about in last couple of days, the bears still hold serve. I continue to believe if one is a buyer of gold it’s best to continue standing on the sidelines until either the low $1,500s are tested or we have two consecutive closes above $1,700.

 

It’s mind-boggling how open interest remains so high despite the # of shorts in silver on the Crimenex (Comex). Either they will finally cave or the shorts may have bit off more than they can chew. Stay tuned. ...

Hal's insight:

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Peter Grandich – Patience Precious Metals Investors Time Is On Your Side

Peter Grandich – Patience Precious Metals Investors Time Is On Your Side | Gold and What Moves it. | Scoop.it

Peter Grandich took some time from his busy day to talk to us. The real economy isn’t growing. Central banks continue record purchases of gold. The Euro is again under pressure. Inflation is rising and will continue to rise at increasing rates. Peter believes the raging 12 year precious metals bull will continue on unabated. The battle lines are drawn now. We have a conflict starting between the makers and the takers. A kind of Atlas Shrugged scenario is unfolding and once the government grows to 50 percent of the economy, the end game is near. Just look at France!


from FinancialSurvivalNet

Hal's insight:

You'll need to click through for the audio of the interview. Peter covers gold among other financial outlooks.

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London Fund Manager: We’re Really Overdone Here—This Selling In Gold & Silver Is Unsustainable | Bull Market Thinking

London Fund Manager: We’re Really Overdone Here—This Selling In Gold & Silver Is Unsustainable | Bull Market Thinking | Gold and What Moves it. | Scoop.it
This morning I spoke with a contact in London who manages a bullion & precious metals equity fund, part of a multi-billion dollar asset management firm.

 

This morning I spoke with a contact in London who manages a precious metals & mining equity fund, part of a multi-billion dollar asset management firm. While he cannot be referenced at this time, I asked his thoughts on last week’s terrifying smash of the metals and miners.

Here’s what he said:


“I bought some silver investments for myself last week when I felt we washed out…but you know what, I think we’re really done here. There’s only so much [they] can do on the short side…and you saw that volume in the silver futures market last week. It’s not sustainable. When those people want to get out [the shorts], that will lead us higher.”

 

When asked if any new interest came into the market, he said, “[Right now] it’s all the same people, and we’re all still playing in the same paddling pool. Until it turns into a swimming pool, and then an ocean—we’re going to be range-bound.”

 

However, the sentiment among money managers is slowly changing he explained, because, “When I pitch the idea of buying to my colleagues, they seem more interested now. They’re recognizing that the overall market looks quite expensive, and gold and silver look quite cheap.”

 

Concluding he said, ”Are you going to go buy a ...

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Will Italy Be The Spark That Sets Off Financial Armageddon In Europe?

Will Italy Be The Spark That Sets Off Financial Armageddon In Europe? | Gold and What Moves it. | Scoop.it

Is the financial collapse of Italy going to be the final blow that breaks the back of Europe financially?  Most people don't realize this, but Italy is actually the third largest debtor in the entire world after the United States and Japan.  Italy currently has a debt to GDP ratio of more than 120 percent, and Italy has a bigger national debt than anyone else in Europe does.  That is why it is such a big deal that Italian voters have just overwhelmingly rejected austerity.  The political parties led by anti-austerity candidates Silvio Berlusconi and Beppe Grillo did far better than anticipated.  When you combine their totals, they got more than 50 percent of the vote.  Italian voters have seen what austerity has done to Greece and Spain and they want no part of it.  Unfortunately for Italian voters, it has been the promise of austerity that has kept the Italian financial system stable in recent months.  Now that Italian voters have clearly rejected austerity, investors are fearing that austerity programs all over Europe may start falling apart.  This is creating quite a bit of panic in European financial markets right now.  On Tuesday, Italian stocks had their worst day in 10 months, Italian bond yields rose by the most that we have seen in 19 months, and the stocks of the two largest banks in Italy both fell by more than 8 percent.  ...

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Trader Dan's Market Views: Bernanke Attempts to Soothe Markets; Euro Fears Rise

Trader Dan's Market Views: Bernanke Attempts to Soothe Markets; Euro Fears Rise | Gold and What Moves it. | Scoop.it

... What is happening is that risk trades are being unwound and just as we have previously witnessed during any unwind period, markets that were one way bets, now are seeing huge swings in the opposite directions as hedge fund computer buying and selling is on full display.

I can tell you that the Yen, which nearly everyone on the planet had been short, no matter what cross was being used, has seen a massive, and I do mean MASSIVE short squeeze, much to the consternation of the Japanese monetary authorities i might add. Watching their currency once again become the destination of safe haven plays has got to be downright infuriating to policy makers over there, who have made no small secret that a lower yen plays a major role in their strategy of defeating the DEFLATION giant that has had its heavy hand on their economy for what seems like an aeon. If the Yen keeps rallying, look for them to make their displeasure known VERY VOCALLY. The new ABE government is not going to tolerate a strong yen, period!

If you are trying to trade some of these markets, either be content to snatch a few small profits if they come your way, or just get to ...

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Twitter / JamesGRickards : Watched #Bernanke testimony ...

Hal's insight:

Now that's funny. I pretty much have the same reaction anymore when hearing any of the folk from the DC rareffied-air-zone speaking to cameras on the state of their plans and status of the economy.

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The Fundamental Reasons For Owning Gold and Silver Are Stronger Than Ever

The Fundamental Reasons For Owning Gold and Silver Are Stronger Than Ever | Gold and What Moves it. | Scoop.it

One of the best methods for protecting wealth against a constantly depreciating paper currency is to own precious metals.

 

The bull case for precious metals remains intact as central bankers worldwide have become the lenders of last resort for nations that have exhausted their borrowing capacities.  Very little has changed since 2008 when the world financial system stood at the abyss of collapse.  Unsustainable debt levels continue to increase even as the capacity to service the debt diminishes.

 

As discussed in Why There is No Upside Limit For Gold and Silver Prices, the U.S. has reached a tipping point on the road to insolvency. Despite trillions in stimulus spending, both job creation and economic growth have been extremely weak and are likely to remain so.

 

Economists Kenneth Rogoff and Carmen Reinhart, authors of This Time Is Different: Eight Centuries of Financial Folly, offer comprehensive statistical evidence of the dangers of excessive public debt.  As documented in their book, once public sector debt reaches 90% (which the U.S. is very close to) a country has only three options, all of them bad ...

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Bernanke lifts gold price over $1,600 while singing the praises of QE | MINING.com

Bernanke lifts gold price over $1,600 while singing the praises of QE | MINING.com | Gold and What Moves it. | Scoop.it
US Fed heading for $4 trillion.

 

The gold price jumped more than $30 on Tuesday to touch a high of $1,620 as Ben Bernanke sang the praises of the US Federal Reserve's QE program.

 

"In the current economic environment, the benefits of asset purchases […] are clear,” Bernanke said in prepared remarks delivered to a committee of the US Senate, adding that "monetary policy is providing important support to the recovery while keeping inflation close to the FOMC’s 2% objective.”

 

After a brutal week saw the metal drop to a 7-month low of $1,555 gold has recovered much of the lost ground over the last two days.

 

In early afternoon trade on Tuesday gold for April delivery was changing hands for $1,612, up $26 on the day.

 

Gold investors have been worried that the Fed's quantitative easing program  would be coming to an end sooner than thought, but Bernanke's remarks have soothed those fears. ...

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Ed Steer's Gold & Silver Daily

Ed Steer's Gold & Silver Daily | Gold and What Moves it. | Scoop.it

Here's gold's 32-year Point & Figure chart...courtesy of Nick Laird...going back to the top of the bull market in 1980.  Because of the price management scheme in all the precious metals, it's hard to take gold's break below its long-term moving average seriously...or anything that comes before it, for that matter.  As I've said more times that I can remember, all the precious metal charts are fabrication jobs by JPMorgan et al.  They can, and they do, print whatever prices they want.  However, no matter what the evidence to the contrary, there are tonnes of T/A people out there that can make up any number of ridiculous reasons why the sky is falling.

Hal's insight:

Click through for the full size chart, Ed Steer is referring too. It's interesting and I wanted to alert all the readers here too it.

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