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| RATIOS & INDEXES |
| Gold / Silver | 61.11 |
| Gold / Oil | 14.16 |
| Dowjones / Gold | 11.29 |
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 | Articles related to China |  |
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 | Jesse - Le Café Américain |
| Marking the Field: US Stated Gold Reserves and Gold Held at the Fed - World Gold and Gold Swaps |
| The US Treasury says that it holds 261,499,000 fine troy ounces in its international reserves.
The gold is valued on the books at $42.2222 per fine troy ounce. This represents a total value of $11,041,063,078.
Since there are 32,150.7466 troy ounces in a tonne, the US Treasury has 8,133.53 tonnes of fine gold on its books. Note that the number as presented on a copy of the official US Treasury statement shown below includes 'gold swaps.'
A discussion of the procedures and nature of gold Saturday, May 18, 2013 |
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| Jesse - Le Café Américain |
| Paper Gold, Metal Gold - When Worlds Diverge |
| "Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."
London Banker, Lies, Damn Lies, and Libor
There are a number of ways to account for it, but this divergence between 'market prices' aSaturday, May 18, 2013 |
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 | Jan Skoyles - The Real Asset Co |
| Unveiling the gold market’s working parts |
| On the 12th and 15th April gold fell victim to a price smash.
Why this happened is something which is open to much analysis and theorising. For the mainstream media it was down to an improving global economy and the need to hold gold no longer existed, for those in the world of gold investment this was perhaps down to more of the politics behind the gold-market than the economics.
On April 12th 3.4 million ounces (100 tonnes) of gold was sold in the US futures markets. This was just for startersSaturday, May 18, 2013 |
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 | Gary Dorsch - SirChartsAlot |
| How High can the US$ Fly versus Japan's Yen? |
| The Wise Sages of Ancient days used to say, "The fate of a Liar, is that nobody
believes him, - even when he's speaking the truth!" Such is the predicament
of Japan's propaganda artists, including the Prime Minister, the Finance minister,
and central bank chief, who are all trying to cover-up their boldest scheme
yet, to crush the value of the Japanese yen, against the currencies of its
major trading partners. On May 11th, the finance chiefs of the Group of Seven
(G-7) gave Tokyo theSaturday, May 18, 2013 |
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 | FOFOA - FoFOA |
Glimpsing the Hereafter 2  |
| In this, my 400th post, I will peer into the future, to the Freegold revaluation and beyond. But I do not have an actual crystal ball. All I have is logic and reason, and a little help from Another and FOA. So to quote FOA, "If you came with a notion that I am someone who sees the future, grab the children and run far away." But if you came bearing your own logic and reason, then perhaps you will find this post useful. :D
I will touch on a few topics that have been the subject of recent disSaturday, May 18, 2013 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Bullish Picture for the USD and Stocks and Its Implications for Gold and Silver |
| The latest World Gold Council Gold Demand Trends report shows that the gold market is driven by diverse global demand, and the appetite for owning gold jewelry, bars and coins continues to grow.
“The price drop in April, fuelled by non-physical moves in the market, proved to be the catalyst for a surge of buying that has left many retailers short of stock and refineries introducing waiting lists for deliveries,” said Marcus Grubb, Managing Director of Investment at the World Gold Council. “WhatSaturday, May 18, 2013 |
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 | Ranting Andy - Miles Franklin |
| Physical vs Paper PM’s – CASE CLOSED! |
| Sometimes pictures tell more than words; so I’m going to show you some graphics that prove TPTB may have won the recent “battle”; but are MASSIVELY losing their “war” against REAL MONEY – a war, I might add, they have ALWAYS lost…
Research shows ALL Paper Money Systems Failed
Whilst PAPER PM prices were violently attacked during mid-April’s “ALTERNATIVE CURRENCIES DESTRUCTION”…
…in both gold and sSaturday, May 18, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Curiouser and Curiouser |
| "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it."
Sir Eddie George, Bank of England, September 1999
"The wicked encourage and give themselves the license to attempt and commit all manner of transgressions, seeing that the fruit which injustice yields is soon ripe, andSaturday, May 18, 2013 |
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| Bullion Vault |
| Bullion Pension Funds "Selling Gold ETFs", Dollar Weakness Seen Offering "Only Hope" Short Term |
| GOLD PRICESfailed to hold a rally above$1380 per ounce in London on Friday morning, trading 5% down for the week as worldstock markets held steady.Both the Euro and British Pound also cuttheir mid-week rallies against the Dollar, holding gold prices at ?1070 and £904per ounce respectively.New data overnight showed Japanese machineorders leaping 14% in March from February, while China's leading economic indexrose slightly for last month.Eurozone construction output sank 8% in Marchfrom a year earFriday, May 17, 2013 |
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 | Mark O'Byrne - gold.ie |
| Gold Wars: U.S. Undermining Iranian Currency By Blocking Gold Imports |
| Today’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce.
Yesterday’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $6.00 or -0.43% yesterday to $1,386.70/oz and silver finished +0.71%.
Nothing has changed regarding the positive fundamentals of the physical gold market.
All that has changed is that the price of gold is again lower due to the machinations of technical traders and speculators. Paper gold sales are agaFriday, May 17, 2013 |
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| Bullion Vault |
| Surge in Retail Gold Demand "Outweighed by ETF Selling" as Far East Premiums Hit New Hig |
| London Gold Market ReportGLOBAL GOLD prices fell further at the start of London trade on Thursday, hitting new 1-month lows beneath $1370 per ounce but leaving gold bars traded in East Asia at record-high premiums."[Western] investors appear to be tired of gold as a safe haven," says Mitsubishi analyst Jonathan Butler, quoted by Reuters, because "they anticipate the end of loose monetary policies, possibly by the end of this year or maybe early next year."With US consumer price inflation data duThursday, May 16, 2013 |
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| Mark O'Byrne - gold.ie |
| Gold Demand Remains Strong As Buying Records Continue To Tumble |
| Today’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce.
Yesterday’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $32.70 or -2.29% yesterday to $1,392.70/oz and silver slid to $22.50 and finished - 3.55%.
There are no surprises in the latest World Gold Council Gold Demand Trends report other than the fact that statistics show global demand for gold in Q1 2013 was on the increase before the COMEX raid on April 15tThursday, May 16, 2013 |
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 | Julian D. W. Phillips - Gold Forecaster |
Gold & Silver Market Morning  |
| Gold Today - The gold price tumbled again in Asia after New York selling pushed the gold price down to $1,392.70 down $33 from New York ahead of London's opening today.In London it Fixed at $1,377.00 down $45.25 on yesterday and in the euro at ?1,070.01 down ?24.5, while the euro was much weaker at ?1: $1.2869. Ahead of New York's opening it stood at $1,376.20 and in the euro at ?1,068.93.Silver Today - Silver closed at $22.53, in New York yesterday down 83 cents. Ahead of New York's opening silThursday, May 16, 2013 |
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 | Mike Maloney - Goldsilver |
| Could Cuba?s Past Be Your Future? |
| Could Cubas Past Be Your Future? By Jeff Thomas, International Man An article was published in Uruguay that has received little notice outside of Latin America. This article refers to Cuban dissident Yoani Sánchez, also little known in the First World. Ms. Sánchez has recently been allowed to travel outside of Cuba for the first time, as a result of the elimination of "exit visas." The requirement for exit visas was imposed in 1961 to stop Cubans who opposed the then-new Castro regime from beiThursday, May 16, 2013 |
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| Mark O'Byrne - gold.ie |
| South Africa Imports $1 Billion of Unwrought Gold to Meet Global Demand |
| Today’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce.
Yesterday’s AM fix was USD 1,436.50, EUR 1,103.47 and GBP 938.15 per ounce.
Cross Currency Table – (Bloomberg)
Gold dropped $6.00 or -0.42% yesterday to $1,425.40/oz and silver finished - 1.02%.
On Tuesday 14th May, workers at Lonmin PLC, the world’s No. 3 platinum producer in South Africa began a wildcat strike. This caused immediate disruption of all mine production and led to concerns that South Africa was yet again Wednesday, May 15, 2013 |
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 | The Gold Report |
| Tips for Diversifying Beyond Gold from Brent Cook |
| The Metals Report: In April, a landslide shut down operations at one of the largest copper mines in the world, Rio Tinto Plc's (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) Bingham Canyon mine. Thankfully, no one was injured. Are landslides always a threat at large, open-pit mines? Will this change the standards for how mines are built and their size?"The slide represents close to 165 million tons of rock that will need to be moved out eventuallythe equivalent of moving a whole mine."Brent Cook: LaTuesday, May 14, 2013 |
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| Jesse - Le Café Américain |
| Currency Wars: Russia's Proposal for the Post-Bretton Woods II Global Financial System |
| "The great enemy of clear language is insincerity. When there is a gap between one's real and one's declared aims, one turns as it were instinctively to long words and exhausted idioms, like a cuttlefish spurting out ink.
In our age there is no such thing as 'keeping out of politics'. All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred, and schizophrenia.
When the general atmosphere is bad, language must suffer."
Eric Arthur Blair
The dollar reseTuesday, May 14, 2013 |
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 | Mish - Global Economic Analysis |
| Wine Country Conference Speaker Presentations All Posted (Hussman, Chanos, Martenson, Pettis, Mauldi |
| In case you missed it, please note that all of the presentations at the Wine Country Conference have now been posted. They are about 45 minutes each except for my short opening remarks.
Mike “Mish” Shedlock Conference Welcome Remarks
Chris Martenson: A Grand Experiment: Q&A with John Mauldin
John Mauldin: Unsustainability: Q&A with Lauren Lyster
Jim Chanos: China: The Edifice Complex: Q&A with Lauren Lyster
Mike “Mish” Shedlock: A Brief Lesson in History: Q&A with Chris Martenson
John Hussman:Tuesday, May 14, 2013 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Is Crude Oil Ready For A Breakout And Would It Help Gold? |
| Jim Rogers recently said in an interview to Morningstar, that he is not disturbed by the recent tumble in gold prices.
“Gold had gone up 12 years in a row, without a down year, which is extremely unusual in any asset. Equally important, gold has only had one 30% correction in 12 years. Again, that is extremely unusual. Most things correct 30-40% every year or two. So the action in gold has been very unique and gold needed a correction. The main thing that caused it, as far as I am concerned, waTuesday, May 14, 2013 |
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