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| RATIOS & INDEXES |
| Gold / Silver | 63.29 |
| Gold / Oil | 14.12 |
| Dowjones / Gold | 10.99 |
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 | Articles related to IMF |  |
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 | Egon von Greyerz - Matterhorn AM |
 PLEASE Get your Assets out of the Banking System |
| I have pleaded with investors for years to get their assets out of the banking system.
One of the very few men who understands what is happening within the financial system has done the same. Time and time again he is both advising and imploring investors to protect themselves by getting out of the financial system and to own physical gold stored in private vaults in safe jurisdictions. Jim has also advised investors in detail how to achieve direct registration of their precious metals stocks.
PTuesday, June 18, 2013 |
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 | Mish - Global Economic Analysis |
| Pettis on China, Europe, Japan: Bad News for Those Looking for Growth |
| Via email here is another update from Michael Pettis at China Financial Markets. What follows is from Michael Pettis.
Special points
Europe is attempting to resolve domestic imbalances by forcing them onto their trade partners. This will end badly, especially for Germany.
China’s new lending, exports, investment, housing starts and GDP growth all continued to slow in May. Many of the numbers came in well below market expectations.
This is par for the course. Although we may from time to timeTuesday, June 18, 2013 |
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 | Jesse - Le Café Américain |
| Russia Calls For IMF Overhaul |
| The BRICs can call for whatever they wish, but until they find some way to apply more effective pressure on the Anglo-American banking cartel and their politicians, they are not going to get much of anything.
Their own people cannot get much of anything in the way of reform in the status quo.
RiaNovosti
Russia’s Putin Calls for IMF Overhaul, Bigger Role for BRICS
MOSCOW, June 14 (RIA Novosti) – Russia will use its presidency of the G20 to push for a radical overhaul of the InternationalFriday, June 14, 2013 |
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 | Jeff Thomas - Casey Reseach |
 Don’t Dismiss the Possibility of Gold Confiscation  |
| If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies.
You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in gold are your lifeline – your hope to get you through these times while holding on to your wealth.
But have you ever given any thought to the possibility of having this lifeline confiscated by the authoriThursday, June 06, 2013 |
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 | Mark O'Byrne - gold.ie |
| India Should Monetise 20,000 Metric Tonnes Of Gold |
| Today’s AM fix was USD 1,399.50, EUR 1,066.69 and GBP 906.12 per ounce.
Yesterday’s AM fix was USD 1,396.50, EUR 1,068.89 and GBP 909.42 per ounce.
Gold gained $3.90 or 0.28% yesterday to $1,402.10/oz and silver finished down 0.09%.
Gold initially traded down over uncertainty on whether the U.S. Fed will decrease its QE and adjusted to the news of India's hike on import duties for the yellow metal.
Cross Currency Table – (Bloomberg)
India should monetise their huge gold stockpiles of over 20,00Thursday, June 06, 2013 |
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| Mish - Global Economic Analysis |
| Nouriel Roubini Seriously Misguided on Gold, on Equities, on Economic Growth, on Money |
| I just finished reading Nouriel Roubini's seven point analysis on the Bursting of the Gold Bubble in which Roubini's asks and answer the question "Gold skyrocketed to over $1,900 per ounce in the fall of 2011 from $800 in early 2009, but has since collapsed by around 27%. Why?"
I offer a point-by-point rebuttal.
Roubini: First, tail risks are lower. Gold tends to spike when the global economy faces severe economic, financial and geopolitical threats; but, thanks to a variety of policy actionsThursday, June 06, 2013 |
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 | Gary Dorsch - SirChartsAlot |
 'Dangerous Divergences' Between Bonds and Stocks  |
| It all seems so surreal. After being mesmerized by the Fed's hallucinogenic "Quantitative
Easing," (QE) drug, and seduced by the Fed's Zero Interest Rate Policy (ZIRP),
and rescued by the Fed's clandestine intervention in the stock index futures
market, for the past 4-½-years, it's easy to forget that there was
once a time when the Fed's main policy tool was simply adjusting the federal
funds rate. It's even harder to recall that two decades ago, the Fed's raison
d'être was comWednesday, June 05, 2013 |
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 | Jeff Clark - Casey Research |
| Seller’s Remorse |
| I know an investor who is feeling some regret. He's come to the sinking conclusion that he may have made a mistake selling his gold stocks.
He recognizes now that he reacted emotionally to the crash, panicking at the plummet and dumping everything regardless of quality. He's kicking himself for doing so, because he succumbed to an impulsive move, locked in a loss, and realizes that the core reasons for owning gold haven't really changed.
Obviously some investors believe they made the correctTuesday, June 04, 2013 |
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 | Julian D. W. Phillips - Gold Forecaster |
| Gold?s Pivotal Role ? The Yuan Sees Freer Convertibility this Year! (part 2) |
| In a continuation of the article on the rising convertibility of the Chinese Yuan towards the end of this year we look further into the path both the Chinese Yuan will follow and the changes that will follow in the global monetary system.We feel it is inevitable that -in line with the World Gold Council sponsored OMFIF report on the subject-from which we will quote freely, that gold will move to a pivotal role in the monetary system over time.There is a tendency among analysts and academics to bTuesday, June 04, 2013 |
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| Mish - Global Economic Analysis |
| France Considers Ban on Free Shipping by Amazon. Prepare for Economic collapse |
| The amount of economic illiteracy in France is simply staggering. Please consider French minister hits at Amazon ‘dumping’.
France’s culture minister has attacked Amazon, the online retailer, for deliberately undercutting traditional rivals to create a “quasi-monopoly”, in the latest assault by the socialist government on internet companies.
“Today, everyone has had enough of Amazon which, through dumping practices, smashes prices to penetrate markets to then raise prices again once they areTuesday, June 04, 2013 |
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| Mish - Global Economic Analysis |
| IMF Halves Germany 2013 GDP Estimate; Still Too Optimistic |
| With most of Europe in a nasty recession, and significant parts of it (Spain, Greece, Cyprus, Italy) in an outright economic depression, I wonder why it took so long for the IMF to Reduce Germany GDP Forecast.
Germany's 2013 growth prospects have been cut in half by the International Monetary Fund, as it warned that the outlook for Europe's strongest economy could worsen if a eurozone recovery fails to materialise.
The IMF said falling business investment and the eurozone's ongoing recession,Monday, June 03, 2013 |
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| Mish - Global Economic Analysis |
| IMF Halves Germany 2013 Growth Estimate; Still Too Optimistic |
| With most of Europe in a nasty recession, and significant parts of it (Spain, Greece, Cyprus, Italy) in an outright economic depression, I wonder why it took so long for the IMF to Reduce Germany GDP Forecast.
Germany's 2013 growth prospects have been cut in half by the International Monetary Fund, as it warned that the outlook for Europe's strongest economy could worsen if a eurozone recovery fails to materialise.
The IMF said falling business investment and the eurozone's ongoing recession,Monday, June 03, 2013 |
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| Jesse - Le Café Américain |
 The Longer Term Fundamentals of the Gold Market As They Are Today |
| There should be no doubt in anyone's mind that the fundamentals for world gold supply and demand have changed dramatically over the past ten years at least.
The world's central banks, most significantly in the West, had been selling bullion from their central bank reserves since 1989. The first chart below shows the long decline in the official gold reserves of the central banks through the long bear market from 1979 through 2000, and even in the beginning of the bull market.
There was an exMonday, June 03, 2013 |
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| Mish - Global Economic Analysis |
| Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank P |
| Average Swede to Repay Mortgage in 140 Years
Swedish repay their mortgages so slowly that it will take 140 years on average, according to the IMF.
The International Monetary Fund lamented Friday that Swedish households pay their mortgages so slowly that they are planning to do an average of 140 years.
"Financial stability is [...] reinforced by a steady reduction in repayment schedules - that exceed an average of 140 years," the IMF said in a statement after a mission in Sweden.
This statisSunday, June 02, 2013 |
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 | Jeffrey Nichols - Nichols on Gold |
| Time for Contrary Thinking . . . and an Asset Allocation Adjustment |
| Sentiment in the gold market - especially among the hedge funds and institutional speculators - is already EXTREMELY NEGATIVE. Market psychology can’t get much worse. Even the gold bugs are dumbfounded. But, contrarians say this unbalanced situation could be signaling an approaching upturn in prices.
The downward pressure on prices emanates from two distinct sources of selling: First, trading by the gold dealing firms and institutional speculators in the regulated futures markets and the unWednesday, May 29, 2013 |
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| Mark O'Byrne - gold.ie |
| Belgian Central Bank Says 25 Tons Or 10% of Gold Reserves on Loan |
| Today’s AM fix was USD 1,379.00, EUR 1,067.42 and GBP 913.43 per ounce.
Friday’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce.
Yesterday a national holiday was observed in both the United Kingdom and the USA.
Gold is lower in all major currencies except the yen which is under pressure today due to ‘Abenomics’ concerns and concerns of further yen debasement.
A firmer dollar and buoyant stock markets may be contributing to gold being under pressure.
Gold is being supported by coWednesday, May 29, 2013 |
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| Bullion Vault |
| "Vicious" Gold Moves "Insignificant" for Long-Run Focus as US Bond Yields Jump, Asian Sh |
| London Gold Market ReportWHOLESALE PRICESfor physical gold rose Wednesday morning in London, hitting almost $1395 per ounce to gain 0.5% for the week so far.Silver lagged gold, trading in line with last week's finish at $22.42 per ounce, while world stock markets fell together with commodities and major government bond prices.The US Dollar eased 0.5% on the currency markets, capping the price to buy gold below ?1075 and £924 per ounce for Eurozone and UK investors respectively.Tuesday's expiry oWednesday, May 29, 2013 |
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| Bullion Vault |
| Central Banks Show "Faith in Gold" as Western Investment "Hits Obstacle", Indian Policie |
| London Gold Market ReportALTHOUGH silverrallied, the price of gold held onto an earlier drop Tuesday morning in London, retreating from last week's closing levels as UK and US traders returned from national holidays.Gold edged down to $1380 per ounce, half-a-percent below Friday, even as the US Dollar slipped on the currency market.Silver recovered to $22.33 per ounce, just 10¢ shy of last week's finish.World stock markets rose sharply meantime, adding 1.7% to London's FTSE100. Major governmentTuesday, May 28, 2013 |
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| Mark O'Byrne - gold.ie |
| Russia, Greece, Turkey, Other Central Banks Buy Gold; China’s PBOC Buying? |
| Today is a national holiday in the United Kingdom and the USA.
Friday’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce.
Gold climbed $5 on Friday and closed at $1,390.25/oz in London and silver closed at 22.482 in NY.
Gold rose 0.45% this morning in quiet European trading with UK and U.S. markets closed for holidays. Silver, platinum and palladium also advanced this morning.
Gold’s gains come on the back of the best week in a month last week when gold rose 2%.
Gold is being suMonday, May 27, 2013 |
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| Egon von Greyerz - Matterhorn AM |
Bernanke’s Federal Reserve and other central banks will continue their superb productivi  |
| As precious metals investors worldwide are concerned about the correction in gold and silver let me tell you that you must not be.
The incredible concoction of debt, derivatives (that will never be repaid with normal money) and accelerating fiscal deficits in most countries will guarantee money printing in unlimited quantities.
And Bernanke (and his successor) and fellow central bank heads will not disappoint. The only important criterion in the job description of a central bank chief is thaMonday, May 27, 2013 |
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