Gold and What Moves it.
85.8K views | +0 today
Follow
Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
Curated by Hal
Your new post is loading...
Your new post is loading...
Scooped by Hal
Scoop.it!

Keiser Report: Alien Bankers, Leave Earth Alone! (E316)

In this episode, Max Keiser and co-host, Stacy Herbert, demand that Jamie Dimon leave Earth alone! They also discuss the global Jim Jones like cults surrende...

 

About half way through is an interview with Jim Rickards.

 

Worth a listen.

 

more...
No comment yet.
Scooped by Hal
Scoop.it!

Eric De Groot: U.S. Public-Pension Shortfall $4.6 Trillion, Group Says

Eric De Groot:

 

"The public is starting to realize that they're screwed. There’s no way infinite liquidity can boost real returns enough to prevent the inevitable standard of living reduction for nearly all wage-earning Americans. There will be exceptions, but tax-the-rich policies designed to close the ever-growing fiscal gap will only change the definition of who's considered rich. Wealth's inherent flexibility means a flight of capital towards more productive, job creating uses outside the US."

more...
No comment yet.
Scooped by Hal
Scoop.it!

oftwominds-Charles Hugh Smith: We've Decoupled, Alright--From Reality

oftwominds-Charles Hugh Smith: We've Decoupled, Alright--From Reality | Gold and What Moves it. | Scoop.it

by Charles Hugh Smith:

 

"Forget decoupling from Europe--we've been decoupled from reality since 2008.

 

"Have we decoupled from the global slowdown? Doubtful. Have we decoupled from reality? Undoubtedly--and have been since 2008. One key attribute of reality is feedback: actions have consequences, and various forces reinforce or resist each other in a dynamic interplay of positive and negative feedback.

 

"Another key attribute of reality is risk. Risk is as ever-present as gravity, and it cannot be eliminated; it can only be shared or transferred.

 

"When you overwhelm feedback with massive interventions that mask risk, you decouple from reality. With feedback suppressed and risk hidden, the system's resilience and resourcefulness both atrophy. Participants start making decisions not on risk assessment and feedback from reality but on the results of the intervention. ..."

 

[decoupled from reality is a great way to put it. Click through for the rest of his post.]

more...
No comment yet.
Scooped by Hal
Scoop.it!

Twitter / lmgross: China Proposes to Launch I ...

Instantly connect to what's most important to you. Follow your friends, experts, favorite celebrities, and breaking news.
more...
No comment yet.
Scooped by Hal
Scoop.it!

The Golden Truth: More On The Housing Sector

The Golden Truth: More On The Housing Sector | Gold and What Moves it. | Scoop.it

by Dave in Denver:

 

"... Delinquencies and foreclosures are ramping back up. Inventory will ramp back up as well. And then we get today's monthly existing home sales report which showed that existing home sales dropped "unexpectedly" by 5.4% to an 8-month low. It was not unexpected by me as I've been tracking mortgage purchase applications on this blog, which has indicated that home buying activity is in decline (refinancings are going through the roof because the Fed, in combination with FHA refi programs, has made money almost free with near-zero interest rates out to 10-years).

 

"But wait, isn't this supposed to be the seasonal peak of the home buying season? If home sales are declining through the peak selling season, imagine how bad it could get for the rest of the year. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Making gold acceptable to the world`s financial elite

Making gold acceptable to the world`s financial elite | Gold and What Moves it. | Scoop.it

by Julian Phillips:

 

"If gold is to play a part in any future financial system it has to become acceptable to governments, central banks and commercial banks alike. This process appears already to be under way.

 

"The critical requirements of gold's return to the monetary system are twofold:

 

"1. It must easily dovetail into the current monetary system.

 

"2. It must provide a workable application, right down to consumer level. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Ron Hera The End of Cheap Everything

http://usawatchdog.com/ron-hera-the-end-of-cheap-everything - Ron Hera says taxpayers, savers and workers are going to pick up the tab for the Libor rate rig...
more...
No comment yet.
Scooped by Hal
Scoop.it!

Richard Russell - Get Rid Of Debt & Prepare For Tough Times

Richard Russell - Get Rid Of Debt & Prepare For Tough Times | Gold and What Moves it. | Scoop.it

With continued uncertainty in global markets, the Godfather of newsletter writers, Richard Russell, issued the following warning: “This is the time to cut back on needless expenses -- get rid of all the debt you can, and prepare for tough times. I don't like the utter calm and complacency that I see today. The last few generations can't conceive of drastic changes and hard times.

 

“Deluxe restaurants are still full at dinner time, and people are still taking their families to expensive, fun places like Disneyland. The only real signs of change are the ‘sale’ and ‘for rent’ signs that seem to be everywhere. This bear market is going to be for the long haul and it may be six months to a year before it dawns on people that the times are changing.

 

"I think this bear market is going to creep up on us silently, stealthily and subtly. If this is a bear market, I'd rather not see it, because it could be a monster.

 

"As for housing, my friend Gary Shilling notes that there is an inventory of two million houses to be sold. Gary thinks that housing can sink another 20% before it hits bottom. My advice -- Prepare for the worst, and hope for the best. ..."

 

[I've been saying this for the past two years. Get out of debt as much as you can. The house of cards they are building is going to collapse in a bit way.]

more...
No comment yet.
Scooped by Hal
Scoop.it!

A Call For An International Real Investors Spring « Jim Sinclair's Mineset

From Jim Sinclair's desk:

 

"My Dear Friends,

 

"This is a call to litigation and high tech communication arms. This is a call for a communication revolution of 2012 with the same commitment that existed in 1775. This is a call for an explosion in litigation against those that destroy for profit using dastardly means.

 

"The ends do not justify the means in the investment world even though it is the mantra of the devils that hide as financial and corporate personalities. Unless our markets are cleaned up of criminals there can be no sustained economic recovery. As long as the uptick rule is not enforced the Western world economic system is in the control of demons.

 

"This revolution is not armed but it should be violent in its constant complaint and litigation of every organization, writer, paper, and personality that is stealing from us. Do no let up.

 

"It is time for a Real Investors Spring.

 

"Stop bitching and being cowards. I intend to fight via law, communication and any other legal means I can conceive of until I drive anyone who has screwed me and mine nuts.

 

"Stop bitching and get active wherever you are being screwed in your area of business. We are a legion and you all have computers. Use them.

 

"The letters you wrote at my request are having PROFOUND impact. The perpetrators are scared because they we very sloppy in their transgressions against us. We are in a financial system in which almost everything is organized crime. All that you need to do to enforce this disease is to do nothing.

 

"I refuse and will not yield until it is eliminated from my space and the space of my responsibility.

 

"What are you going to do?

 

"Drive your PM CEO nuts because they are a band of cowards as scared of their stockholders as they are of things that go boom in the night. Even more terrified of the stockholders are their directors.

 

"Communicate directly with the board of the company whose CEO is brain dead. Even the CEOs of the biggest PMs have their worst nightmares as a stockholder legal revolution.

 

"Our weapon is litigation. Scare the hell out of everything walking that steals from you or bullies you. Never yield! That includes agencies as well.

 

"This is an urgent call to arms for you all.

 

"Respectfully,
Jim"

more...
No comment yet.
Scooped by Hal
Scoop.it!

A Few Minutes With Peter Grandich - July 18, 2012

Episode 48 - A weekly discussion with one of the most respected market forecasters. Peter Grandich has accurately predicted market tops and bottoms for over ...
more...
No comment yet.
Scooped by Hal
Scoop.it!

Lear Capital: Silver’s Best Kept Secrets

Lear Capital: Silver’s Best Kept Secrets | Gold and What Moves it. | Scoop.it

by David Engstrom:

 

"Did you know that for silver to reach its inflation adjusted high it would have to rise to $130 an ounce? That’s nearly 5 times what it is today. Is this Silver’s Best Kept Secret?


"Just as gold, silver has a long history of being real money. It has intrinsic value, in fact, it was used in commerce in the U.S. some 30 years longer than was gold. Originally, its value was set as 1/16th the value of gold as the world’s gold supply was said to be 1/16th that of silver.


"With silver prices now sitting near 1/60th that of an equal amount of gold, some say silver is way undervalued. Is this Silver’s Best Kept Secret? For many investors, this is motivation enough to add silver to a diversified portfolio. But, let’s forget that argument for the moment and just look at some supply-side dynamics. Tens of millions of ounces of silver are consumed by industry every year. In fact, according to one source, 90% of all the silver ever mined is gone. Is this Silver’s Best Kept Secret? ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Brodsky On Gold, 'Credit Money', And Real Return Investing | ZeroHedge

Brodsky On Gold, 'Credit Money', And Real Return Investing | ZeroHedge | Gold and What Moves it. | Scoop.it
Macroeconomic issues currently playing out in Europe, Asia, and the United States may be linked by the same dynamic: over-leveraged banking systems concerned about repayment from public- and private-sector borrowers, and the implication that...
more...
No comment yet.
Scooped by Hal
Scoop.it!

IMF urges ECB for more action as euro zone in ‘critical’ danger — RT

IMF urges ECB for more action as euro zone in ‘critical’ danger — RT | Gold and What Moves it. | Scoop.it

"The euro zone is in "critical" danger and the European Central Bank could play a bigger role in fighting the debt crisis through more rate cuts, bond purchases and further liquidity provision, says the International Monetary Fund.

 

"In a regular report on the euro zone the IMF said the euro area crisis has reached a new and critical stage and the ECB, which is legally forbidden to finance governments, could be given full lender-of-last-resort functions. This would help highly indebted governments borrowing from banks which in turn become vulnerable due to the risk associated with the bonds. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Eric De Groot: More Earthquakes In The Silver Market

Eric De Groot: More Earthquakes In The Silver Market | Gold and What Moves it. | Scoop.it

by Eric De Groot:

 

"I know neither Rule or Sprott, and realize they have a vested interest in talking their book, but their assertion that substantial upside for silver exists once a technical trigger is generated is supported not only by their observations in the physical but also by statistical concentrations in the paper market.

 

"The invisible hand is furiously covering its shorts into .."

more...
No comment yet.
Scooped by Hal
Scoop.it!

20 Signs That All Point To The Exact Same Thing – Can You Guess What That Is?

20 Signs That All Point To The Exact Same Thing – Can You Guess What That Is? | Gold and What Moves it. | Scoop.it

"The U.S. economy is in a massive amount of trouble. There aren't enough jobs. There isn't enough money to go around. Business activity is slowing down again. Household wealth has been falling. Food prices have been rising. Many state and local governments all over the country are flat broke and are drowning in debt. The federal government has been rolling up unprecedented amounts of debt in an attempt to keep things going, but everyone knows that kind of borrowing is simply unsustainable. So where do we go from here? We consume far more than we produce and we use debt to make up the difference ..." click over for the full list.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Can Gold's Luster Be Restored This Summer? | Clif Droke | Safehaven.com

Can Gold's Luster Be Restored This Summer? | Clif Droke | Safehaven.com | Gold and What Moves it. | Scoop.it

by Clif Droke:

 

"The summer has been a dizzying one for commodities. The last four weeks have witnessed the price of corn soaring toward an all-time high due to withering heat in the Corn Belt states. At the same time, this weather-driven bull market in the grain market, as well as the recent oil price rally, has left investors wondering if this summer might finally be gold's time to shine.


"In the same period that the CRB Commodity Index has rallied off a 52-week low, the price of gold hasn't made much headway at all. Gold remains stuck in neutral as both professional and retail traders have shown little inclination to bid up prices. The high frequency speculative crowd had its wings clipped last summer when CME Group initiated a series of margin requirement increases. Since then the momentum crowd has been conspicuously absent from the gold arena.

 

"Small retail investors have also been missing in recent months. Gold purchases have fallen to levels not seen since before the 2008 financial crisis according to figures released by the world's major mints. According to the U.S. Mint, second quarter sales of American Eagle gold coins fell more than 50 percent from the year-ago period to 127,500 ounces. This was the worst three months since the second quarter of 2008, just prior to the worst part of the global credit crisis. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

U.S. probably manipulates gold through ESF, Paul tells GoldSeek Radio | Gold Anti-Trust Action Committee

U.S. probably manipulates gold through ESF, Paul tells GoldSeek Radio | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it

by GATA:

 

"Interviewed this week by GoldSeek Radio's Chris Waltzek, U.S. Rep. Ron Paul said the gold market is probably manipulated by the U.S. government via the Treasury Department's Exchange Stabilization Fund. The interview is about 11 minutes long and can be heard at GoldSeek Radio here:

http://radio.goldseek.com/nuggets/paul07.17.12.mp3 "

more...
No comment yet.
Scooped by Hal
Scoop.it!

Slow Burning Financial Crisis To Force More Central Bank Action

Slow Burning Financial Crisis To Force More Central Bank Action | Gold and What Moves it. | Scoop.it

Ceasar Bryan tells King World News:

 

“What is so strange is that investors seem happy to lend governments money at a negative interest rate, certainly on the 2-Year. As we speak today, Eric, five governments are borrowing at a negative interest rate on 2-Year paper. A sixth, Austria, is barely positive at a paltry .009%.

 

"I find it astonishing that people want to invest in governments with a negative return, yet they appear to be fearful of investing in solid companies, with strong balance sheets, and dividend yields of 3%, 4% and sometimes 5%. It appears to be somewhat of a dichotomy.

 

"Would you rather invest in the government of France, who’s Ten-Year bonds are yielding 2%, or top notch international companies such as Novartis, Roche, Diageo or Nestle?

 

"What does this reflect? I think it reflects fear. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Bernanke batters Ron Paul Fed audit bill

Bernanke batters Ron Paul Fed audit bill | Gold and What Moves it. | Scoop.it

by Pedro Nicolaci da Costa

 

"Federal Reserve Chairman Ben Bernanke on Wednesday rebutted Republican lawmakers pushing a bill that would give Congress the ability to review monetary policy decisions, saying it could compromise central bank independence.

 

"Bernanke said it would be a "nightmare scenario" if politicians decided to second-guess monetary policy.

 

"That is very concerning because there's a lot of evidence that an independent central bank that makes decisions based strictly on economic considerations and not based on political pressure will deliver lower inflation and better economic results in the longer term," Bernanke told the U.S. House of Representatives' Financial Services Committee.

 

"The hearing was the likely last chance for retiring Texas Representative Ron Paul, known for proposing the Fed should be abolished, to grill the central bank chairman. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

It`s a fine line between gold manipulation and intervention

It`s a fine line between gold manipulation and intervention | Gold and What Moves it. | Scoop.it

by Lawrence Williams:

 

"Writing in his latest comprehensive treatise on gold and the gold market, Erste Bank's Ronald Peter Stoeferle comments that it is a fine line between intervention (usually a governmental/political interference) and manipulation (negative connotation in terms of "exerting influence"). The full 120-page report is available on Mineweb by clicking here. [click through to download]

 

"This, in our view, is a very apposite comment on the situation as applied to the global gold and silver markets. There are so many hugely interested parties in precious metals price movements - from both financial, and political ends that it would actually be remarkable if there was no manipulation or intervention of the gold and silver markets in particular - indeed many of the manipulators, or interventionists, would just not see it as such but as a normal part of their day-to-day business.

 

"The world is at last becoming aware that everything is almost certainly manipulated in some way or another - particularly by governments and the major financial institutions, who have the political and financial clout to carry this out, to meet their own agendas. But what is acceptable manipulation and what is not? ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

India`s Q3 gold imports seen falling by a third - FAST NEWS - Mineweb.com Mineweb

India`s Q3 gold imports seen falling by a third - FAST NEWS - Mineweb.com Mineweb | Gold and What Moves it. | Scoop.it

by Siddesh Mayenkar:

 

"... India was the world's biggest gold buyer last year but imports have weakened in 2012, in line with government expectations, after import duties were hiked in March. Stronger global prices, and a weaker rupee compared to the U.S. dollar, have also increased buyers' costs.


"Shipments also slowed after economic growth weakened by nearly half year-on-year to 5.3 percent in the first quarter, its lowest level in nine years. Inflation of around 10 percent also ate into Indians' disposable income, reducing their appetite for gold.

 

"Gold imports could fall 34 percent in the third quarter of calendar 2012 to 135 tonnes, a Reuters poll of 10 market participants showed.

 

"People in India now want steady rates, they are fed up with the fluctuation in prices," said Kumar Jain, vice-president of Mumbai Jewellers Association, which groups 10,000 members. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Nigel Farage - If This Happens In Europe Frankly It’s Meltdown

Nigel Farage - If This Happens In Europe Frankly It’s Meltdown | Gold and What Moves it. | Scoop.it

On the heels of German lawmakers backing the European bailout of Spanish banks, today MEP (Member European Parliament) Nigel Farage told King World News, “All I can say with absolute confidence is that this crisis will roll on.” Farage also said, “If Spain needs a full bailout, and if it even looks like Italy needs a bailout, well, then frankly the game is up.”

 

Farage also discussed gold, but first, here is what he had to say about the fear in Europe: “The reality is there are now tens of millions of people in Europe who feel absolutely desperate and without hope. And I still feel if they stay trapped inside this eurozone, in the end this could have disastrous social consequences.

 

“There is real fear, people are very fearful indeed. And I think the further South in Europe you go, the worse that fear is. The best hope we’ve still got, is that the markets just smash this thing to smithereens. At least it would bring the whole thing to a head.

 

"We (will) get to a point where those countries simply can’t borrow, and then we are into bailout territory again. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold`s trading range "converging"

Gold`s trading range "converging" | Gold and What Moves it. | Scoop.it

by Adrian Ash:

 

"... The range in [Dollar prices to buy gold ] is converging," writes Russell Browne at bullion bank and London market-maker Scotia Mocatta in his latest technical analysis.

 

"While a bearish trend has been in force since late February, trend momentum is weak. [That range] is currently defined by $1554 support and $1613 resistance."

 

"Drawing a 4-year uptrend from the base of Oct. 2008 straight to May 2012, however, "Gold on the weekly chart is heading back down towards the 2008-12 uptrend line at 1559," reckons Axel Rudolph, technical analyst at Commerzbank.

 

"Sideways consolidation should soon come to an end with a break lower being around the corner."


"Over in Asia today, "People are buying and selling [gold] when prices move ten or twenty dollars," Reuters quotes a Singapore dealer.

 

"Such two-way traffic means "We remain range-bound," the dealer says, forecasting that "People are not going to be very hungry for physical materials" until the return of festive demand from India later in the year. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold Producers in the Catbird Seat: Jay Taylor [ANV, ANV, CFO, C3T, PTQ, PTQMF, P7Z, PVG, PVG, RPM, RPMGF, URS, URNRF] - The Gold Report

Gold Producers in the Catbird Seat: Jay Taylor [ANV, ANV, CFO, C3T, PTQ, PTQMF, P7Z, PVG, PVG, RPM, RPMGF, URS, URNRF] - The Gold Report | Gold and What Moves it. | Scoop.it

The Gold Report: In that newsletter, you wrote that the value of gold, "vis-à-vis. . .the Rogers Raw Materials Fund. . .had a rocket ship trajectory following the credit deflationary Lehman Brothers event and has remained on a gradual uptrend."

 

Jay Taylor: I was referring to the real price of gold, not its nominal price. I am absolutely bullish on gold's real price. There is a distinct uptrend since Lehman Brothers in terms of what an ounce of gold will buy. That, not the dollar price, is what matters.

 

The recent record highs in the real gold price reflected the anxieties caused by the European crisis. To give you an idea, in July 2008 an ounce of gold would have purchased only 17% of the Rogers Raw Materials Fund. By March 2009, it had skyrocketed to 44%. After quantitative easing 1 and 2, commodities, stocks and gold all rose. Then gold fell back to 30% of the Rogers Raw Materials Fund until the first Greek crisis. It rose again to 44%, and then got worse as Europe seemed to be falling apart. Recently, it has come back a bit.

 

The anxiety about the world monetary system is driving gold prices. Forget about jewelry or about gold as a commodity. Gold is money, and that is driving its real purchasing power higher and higher.

 

I am much less confident in the dollar as gold continues to rise. Gold could actually break below the $1,550/ounce (oz) support level.

 

[click over for the full interview.]

more...
No comment yet.
Scooped by Hal
Scoop.it!

Very Real Danger Of Collapse « The Burning Platform

Mac Slavo July 17th, 2012

 

"The single most important factor responsible for fueling the last several decades of economic growth has been credit expansion. Whether it’s central banks lending money to large financial institutions, or private banks dispersing funds to businesses and individuals, our lifestyles simply would not have been made possible without it – builders couldn’t build homes, manufacturers couldn’t acquire raw materials, and consumers wouldn’t be able to consume. Living in a country whose currency happens to be the reserve trade instrument for the entire globe has had its benefits. We’ve built huge homes, enjoyed healthy diets, taken luxurious vacations; we’ve even exported menial jobs that no civilized members of society would ever engage in to third world labor camps.

 

"In the process we’ve expanded our national debt to unprecedented levels, with some estimates suggesting that our total liabilities and commitments are approaching nearly $200 trillion in the next twenty five years.

 

"By all accounts, we live in a system built on nothing more than a promise to repay what we’ve borrowed. ..." click through for the rest.

more...
No comment yet.