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| RATIOS & INDEXES |
| Gold / Silver | 61.86 |
| Gold / Oil | 14.88 |
| Dowjones / Gold | 10.98 |
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 | Articles related to Federal Reserve |  |
| |
 | Stewart Dougherty |
Fort Knox, Fort Hocks or Fort Shocks: Three United States Gold Scenarios  |
| For 72 years, the building at the intersection of Bullion Boulevard and Gold Vault Road in Fort Knox, Kentucky has symbolized the financial strength of the United States of America. The United States Bullion Depository, better known as Fort Knox, is said to contain 147.3 million troy ounces of gold, over half the nation’s total reported gold bullion holdings of 261.5 million troy ounces. The remaining 114 million ounces are said to be stored at the Denver and Philadelphia Mints, the West Point Bullion Depository, and the San Francisco Assay Office. Assuming a price of $1,000 / ounce, the nation’s gold is worth $261.5 billion. If the metal is actually there, it represents the largest sovereign stockpile of gold bullion in the world.Friday, May 24, 2013 |
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 | Mark O'Byrne - gold.ie |
| Gold Up 1.5% As Stocks Globally Fall After Nikkei Crashes 7.3% |
| Today’s AM fix was USD 1,386.00, EUR 1,074.92 and GBP 919.16 per ounce.
Yesterday’s AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce.
Gold fell $10.20 or 0.74% yesterday to $1,367.60/oz and silver finished up 0.07%.
Gold is up today while stock indices globally are sharply down after the Nikkei crashed 7.3%. The stock crash in Japan is leading to weakness in European equities and will lead to losses when U.S. markets open.
Gold - 1 Day – (Bloomberg)
The Nikkei decline is beingThursday, May 23, 2013 |
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 | Chris Powell - GATA |
| Dan Norcini: Fed-caused volatility has destroyed U.S. markets |
| Futures market analyst Dan Norcini, interviewed Wednesday by King World News, threw up his hands in exasperation at the Federal Reserve's jawboning the markets back and forth, resulting in tremendous volatility.
"This sort of perverse volatility is further evidence that the Fed has destroyed the integrity of the U.S. financial markets," Norcini said. "They are now a mere playground with no useful or legitimate commercial purpose."
Norcini's interview is excerpted at the King World News blog herThursday, May 23, 2013 |
|
 | Frank Shostak |
Stable Prices, Unstable Markets  |
| According to European Central Bank Governing Council member Ewald Nowotny, Federal Reserve Chairman Ben Bernanke sees no risk of inflation in the United
States. According to Nowotny, Bernanke had given a “very optimistic” portrayal of the US outlook.
“They see absolutely no danger of an expansion in inflation,” Nowotny said. Bernanke had said US inflation should be 1.3 percent this
year.
Fed forecasts put inflation by the end of this year in a range of 1.3 to 1.7 percent. The yearly rate ofThursday, May 23, 2013 |
|
 | Ranting Andy - Miles Franklin |
| Defaults Defaults Everywhere |
| Read the Wednesday Afternoon Wrap-Up for 5/22/2013 and the Thursday Morning Commentary for 5/23/2013
There’s no surer sign of FRAUD than prices falling whilst supply is falling FASTER; and when it comes to PHYSICAL PMs, it should be painfully clear by now that the supply/demand balance is “tight as a drum” – for both silver…
“PEAK SILVER?”
…and gold; per last week’s RANT, “PHYSICAL VS. PAPER PMs – CASE CLOSED”…
However, even a term as ugly as “fraud” doesn’t do justice to what we have seen siThursday, May 23, 2013 |
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| Bulllion Vault - Bullion Vault |
| Asian Gold Premiums Hit New Highs as Europe Urged to Start "Agressive QE" |
| London Gold Market ReportBULLION prices rose throughout Asian and early London trade on Wednesday morning, touching $1398 per ounce for the third time this week and recovering 4.4% from Monday's one-month low.Silver rose more steadily, and was capped below $22.80 as energy prices slipped and agricultural commodities held flat.Tuesday's retreat in the gold price today pushedgold barpremiums in Hong Kong to new record highs says Reuters, hitting $6 per ounce over and above international benchmark Wednesday, May 22, 2013 |
|
 | Mish - Global Economic Analysis |
 Bernanke's Semi-Annual Tap-Dance of Distortions, Half-truths, Lies, and Hypocrisy to U.S. Congress |
| Inquiring minds with extra time on their hands this morning are plodding through the Full Transcript of Bernanke's Testimony To Joint Economic Committee, U.S. Congress looking for the usual collection of half-truths, distortions, and outright lies it usually contains.
Here are some point-by-point statements by Bernanke with my comments immediately following each set of statements.
Bernanke: Conditions in the job market have shown some improvement recently. The unemployment rate, at 7.5 percentWednesday, May 22, 2013 |
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 | Axel Merk - Merk Fund |
| Crash Proof Your Portfolio |
| With the stock market seemingly reaching new highs every day, should we worry about a crash that puts an end to the party? If so, how should investors prepare? Let us explain. Golden canaries in the coalmine?In the 1980s, portfolio insurance was all the rage. The idea was that one could always buy stocks, as derivatives could protect one's portfolio on the downside. However, things turned from bad to worse in 1987 when the linkage between stocks and commoditiesWednesday, May 22, 2013 |
|
 | Keith Weiner - Keth Weiner |
| The Dollar is Going Up |
| Let's take a look at a few graphs of the dollar, from Feb 1, 2013 through
Friday May 17, 2013. Yes, I said graphs of the dollar. I've priced the dollar
in gold first (of course), then silver, the euro, and even the yen. The pattern
is obvious. The dollar is going up.
I did not show copper, lumber, or wheat though they show the same trend. These
commodities are not money, of course.
My point is simple. It's not gold that is going anywhere. In past articles,
I've used the analoWednesday, May 22, 2013 |
|
 | Rick Ackerman |
| Why Even Talk of Tightening Could Be Fatal |
| Repeat after us: There is zero chance the Fed is going to tighten…zero chance…zero chance…zero chance. We’ve made this point so often here that it is has practically become a mantra at Rick’s Picks. It has also been amplified, refracted and explicated – though not hotly debated – in our forum, where there are apparently few who expect any change in Fed policy. As how could there be? For even the slightest hint that easing is about to taper off, let alone end, would bring on the Second Great DWednesday, May 22, 2013 |
|
 | Dan Dontrose - The Fundamental View |
 My Challenge To “Whistleblower” Andrew Maguire  |
| Readers of my blog have known for quite some time now that I grew increasingly agitated with the charlatans pumping the gold and silver price suppression memes over two years ago and have been quite vocal about it on many occasions. I want to be clear about this point before I continue. My beef isn’t with people who buy gold and silver or who feel that a portion of their portfolio should be devoted to gold or silver ownership. My beef isn’t with people that make well thought out arguments forTuesday, May 21, 2013 |
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| Mish - Global Economic Analysis |
| Wild Swings in Gold and Silver; Time to Give Up Hope? |
| Overnight action in gold and silver was interesting to say the least. Silver plunged 10% and was halted four times in a flash crash, of sorts, yet is now in the green.
Silver 10-Minute Chart
click on chart for sharper image
Silver hit as low as $20.25 and as high as $23.24. The maximum rally from the low was 14.8%
Gold 10-Minute Chart
click on chart for sharper image
Action in gold was also pronounced, but not quite as wild as silver. Gold fell $25 from the open but is now up $22 andTuesday, May 21, 2013 |
|
 | James Howard Kunstler |
 The New Abnormal |
| The collective state of mind in the USA these days may be even more peculiar than what went on in Germany in the early 1930s, when the Nazis were freely elected to lead the country and reconstructed the battered national psyche into a superman cult that soon beat a path to mass death and ruin. America has its own way of going crazy. We don't goose-step to tragedy; we coalesce into an insane clown posse and stumble into it by pratfall -- juggaloes dancing backwards off the cliff edge. We'veTuesday, May 21, 2013 |
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 | Mike Maloney - Goldsilver |
| The Federal Reserve Treasure, or Relic? |
| Many would argue that the Federal Reserve is the mainstay of the American economy—that without a Federal Reserve, the nation’s finances would spin out of control and create massive global instability. Supporters of the Federal Reserve system believe prosperity requires prices to be altered by congressionally authorized monopoly—enforced by the Legal Tender law.
U.S. Founding Father Thomas Paine on legal tender:
As to paper money, in any light it can be viewed, it is at best a bubble.
If anMonday, May 20, 2013 |
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 | Chris Ciovacco - Ciovacco Capital Management |
| Will Wednesday's Fed Minutes Spark Sell-Off? |
| Since the S&P 500 made an intraday low of 1,536 on April 18, the widely-followed
stock index has tacked on 130 points and the markets have migrated back to
full-bore risk-on mode.
Wednesday Winddown?
Two key events this Wednesday could give investors an excuse to book some
profits:
Federal Reserve Chairman Ben Bernanke will speak before Congress.
Fed minutes are due to be released.
There appears to be little evidence to suggest Bernanke will drift from his
recent guardedMonday, May 20, 2013 |
|
 | John Rubino - Dollar Collapse |
| When Hedge Funds Go Short, Gold Goes Up |
| Bloomberg is reporting on the rising number of hedge funds shorting gold:
Gold
Bear Bets Reach Record as Soros Cuts Holdings
Hedge-fund managers are making the biggest ever bet against gold as billionaire
George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted
more declines after the longest slump in four years.
The funds and other large speculators held 74,432 so-called short contracts
on May 14, U.S. Commodity Futures Trading Commission data shMonday, May 20, 2013 |
|
 | 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 goldMonday, May 20, 2013 |
|
 | Clif Droke |
| When central banks buy stocks |
| The investment story of the year to date is the central bank-led financial market recovery. While everyone is aware of the impact the Fed's $85 billion-a-month asset purchases is having on stocks, few investors realize that central banks are making direct purchases of stocks. The implication of this new development is shocking. Bank of America stated that global central banks have cut rates an incredible 511 times since June 2007 in an effort at re-inflating the global economy. "Most centralSaturday, May 18, 2013 |
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 | The Gold Report |
| Gold and Bitcoin: Currencies of the Future?James Turk |
| The Gold Report: James, from your perspective in Europe, is the region in as bad a financial crisis as it appears in the headlines here in the U.S.?
James Turk: Yes, it really is. However, Europe is a big place, and you have to look at the individual countries one by one to understand the situation. Generally speaking, the Mediterranean countries are in the worst shape. Germany has been in the best shape, although recent economic data indicate it may be falling into a recession again. France isSaturday, May 18, 2013 |
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 | Deepcaster |
| Biggest Bubble About to Burst |
| "Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system. The system remains still in the throes and aftershocks of the 2008 panic and the near-systemic collapse, and from the ongoing responses to same by the Federal Reserve and federal government. Further panic is possible and hyperinflation is inevitable. "The economic and systemic solvency crises of the last eight years continue. There never was an actual recovery following tSaturday, May 18, 2013 |
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