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| RATIOS & INDEXES |
| Gold / Silver | 61.32 |
| Gold / Oil | 14.44 |
| Dowjones / Gold | 11.09 |
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 | Articles related to Portugal |  |
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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 goldMonday, May 20, 2013 |
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| Bullion Vault |
| Gold "Still Bearish" as Western Buying "Cools", But Indian Festival Demand Seen Matching |
| London Gold Market ReportSPOT GOLD PRICESslipped back below $1470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs.Silver held above $24.00 per ounce, just shy of last week's finish, as commodities slipped overall.A rise in Sterling after the Bank of England held its monetary policy unchanged drovegold pricesdown to £942 per ounce for UK investors. Government bond prices meantime rose everywThursday, May 09, 2013 |
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 | John Browne - Euro Pacific Capital |
| Germany Under Pressure To Create Money |
| Currently, central banks around the world are walking in lock step down a dangerous path of money creation. Led by the Federal Reserve and the Bank of Japan, economic policy is driven by the idea that printed money can be the true basis of growth. The result is an unprecedented global orgy of currency creation. The only holdout to this open ended commitment has been the hard money bias of the German-dominated European Central Bank (ECB). However, growing political pressure from around the world,Thursday, May 09, 2013 |
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 | Mish - Global Economic Analysis |
Senior Eurozone Official: "As Spain Goes, So Goes Slovenia"  |
| The spotlight is once again on Slovenia. Olli Rehn, the European commission’s economic chief is unhappy with economic progress in Slovenia and is threatening to put the country into an "excessive imbalances procedure" by the end of the month.
The problem is, Spain is in a similar "excessive imbalance" state prompting an unnamed eurozone official to state "As Spain Goes, So Goes Slovenia".
Please consider Brussels trains its sights on Slovenia.
The European Commission is being pushed to take aMonday, May 06, 2013 |
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 | Chris Powell - GATA |
| Ambrose Evans-Pritchard: Italy should use gold reserves to change EMU policy |
| By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 2, 2013
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100024392/it...
The World Gold Council has advised Italy to deploy its 2,000 tonnes of gold to break free of European Monetary Union austerity dictates.
By using the reserves -- the world's fourth largest -- to collateralise the first chunk of any losses for bondholders, Italy could raise E400 billion or so on the capital markets and determine its own future for a wFriday, May 03, 2013 |
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| John Browne - Euro Pacific Capital |
Gold Recovers Amidst Uncertainty  |
| The selloff in gold that captured the world's attention in mid-April has revealed some truths about how the market trades and the sentiments of many of the investors who have piled into the trade over the past few years. While the correction does highlight a higher degree of uncertainty than many of the most ardent gold advocates had anticipated, it does not represent the historic "end of an era" reversal that the many in the media have so gleefully suggested. In many ways, the market has shownFriday, May 03, 2013 |
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 | Peter Schiff - Euro Pacific Capital |
 The Great Gold Redemption  |
| The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk.The real story behind Cyprus' deal has much more profound ramifications - and they are positive for gold.The RigFriday, May 03, 2013 |
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 | Ranting Andy - Miles Franklin |
| End of Austerity |
| Read the Tuesday Afternoon Wrap-up for 4/30/2013 and the Wednesday Morning Commentary for 5/1/2013
Of all the words I never expected to be associated with finance, “austerity” is atop the list; particularly in today’s world of GLOBAL, UNFETTERED MONEY PRINTING.
Thus far, it has been associated principally with Europe; although comically, some try to term America’s budget sequestration in 2013 an “austerity” measure; when in fact, its measly $1 trillion of back-end loaded spending cuts over the nThursday, May 02, 2013 |
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 | Charleston Voice |
| International Gold Reserves by Country, Holdings by Central Bank (gold bullion percent, |
| This is all nice to know if the world can trust their politicobanker leaders. Glaringly missing is where are the governments that have been entrusted with the safe custody of this physical gold? [London, Canada and NY excused, of course] Can we please see the physical audits? Just a common courtesy to allay suspicions, of course. Thank you.
International Gold Holdings by Central Bank (countries)
Between 2013 and 2012 net additions made by Turkey +180.5, Russia +74.5, Korea +30
Saturday, April 27, 2013 |
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 | Philippe Herlin - GoldBroker |
| Is the Euro a Monster With Multiple Heads? |
| The euro is a really bizarre currency. For the first time ever in the history of money is ONE currency being managed by MANY central banks! Because when the European central bank (ECB) was created, it did not cause the national central banks to disappear or to be transformed in regional branches, it was rather superimposed on thFriday, April 26, 2013 |
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| Charleston Voice |
| The Real Face of the European Union - Traitors Within Your Gates - YouTube |
| Individual liberties and sovereignties can only be reclaimed by driving out your collaborative puppet politicians from your country's leadership. America's day to do the same will come and be too late for the masses here. There is no one left to come to your aid this time. Our enemies could never quell the patriot groups rebelling all at once. This was seen in the Greek resistance of WWII.
The Banking/Political oligarchy's goal is to become a NWO with patient gradualism - the same strategy implThursday, April 25, 2013 |
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 | Jan Skoyles - The Real Asset Co |
| The whole world is talking about gold |
| Here we take a look at how, despite calls that the gold bubble is finished, the whole world is still talking about buying gold.
Read any financial paper or website and they’ll tell you that the ‘gold-bubble’ is over. This opinion appears to be based solely on price and not much else.
When you look at short-term price action on its own then perhaps you can understand how they’ve reached this conclusion. Gold, across many countries, is down sinTuesday, April 23, 2013 |
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 | The Gold Report |
| Can Equities Cushion the Blow of Falling Gold Prices?: Peter Rose |
| The Gold Report: Peter, can you give us your long-term view of the Eurozone as it lurches from bailout to bailout?
Peter Rose: Some major things have to happen in Europe and the sooner, the better. Unfortunately, I think it will get worse in the short term.
But from the mining industry perspective, these crises are bringing a lot of realism to certain governments. Greece has opposed mining, despite having quite good ore bodies, as do Portugal, Spain and Cyprus. Mining companies can generateMonday, April 22, 2013 |
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 | Justice Litle - Taipan Publishing |
| What the Gold Crash and Bitcoin Crash Have in Common |
| Gold and virtual currency bitcoin crashed in recent days. The crashes have something in common.
First, let's talk about gold...
The yellow metal plunged by more than $100 per ounce on Monday following talk that Cyprus would be forced to sell gold to pay back its debts. Although Cyprus is small in the scheme of things, the move suggests a precedent of forced sales from larger euro-zone countries (such as Portugal, Spain and Italy).
This comes on the heels of increasingly bearish outlooks from mSunday, April 21, 2013 |
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| The Gold Report |
| Tungsten Enters the Limelight with Bullish Fundamentals: Ken Chernin |
| The Metals Report: Tungsten is used in many applications?to make tools, drill bits, glass bottles, aluminum cans, steel and wire?because it has a high melting point and is very dense. It's a very useful metal, but the British Geological Survey called it an endangered substance in a 2012 report. Why is that?
Ken Chernin: Tungsten ranked second behind rare earths in the British Geological Survey's 2012 supply risk index based on a number of factors like location and concentration of production anSaturday, April 20, 2013 |
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 | Stewart Thomson - Graceland Update |
| Four Golden HSR Kisses |
| Graceland Updates 1.On Friday and Monday, there was gargantuan volume in the gold market. On the comex, more than a million contracts changed hands over those two trading days.2.Please click here now.That?s a snapshot of Monday?s volume, just in the June contract. The total was more than 700,000 contracts.3.There are rumours that Spain and Portugal were dumping gold, raising cash to meet IMF & ECB austerity demands.A lot of selling probably also came from large hedge and pension funds.4.Some golFriday, April 19, 2013 |
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 | Andy Sutton |
| When Gold Has No Friends |
| My Two CentsThere are likely, at minimum, half a dozen reasons for the swift correction in precious metals over the past week. The real reason might be one, two, or even all of what I?m going to lay out below. I?m going to go way out on a limb here. Right now gold has no friends. Even some of its biggest proponents are declaring the bull market to be over. The deflationists are loving this as it gives them ammo. I have gone on the record several times as stating there is no way we can have hyperFriday, April 19, 2013 |
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| Mish - Global Economic Analysis |
| Deposit Leak in Southern Europe as Money Heads for Germany; Stress Indicators from Saxo |
| Steen Jakobsen, chief economist at Saxo Bank in Denmark has some interesting "stress" charts in this week's email.
click on any chart for sharper image
European Demand Deposits
Steen writes: "Europe’s depositors – mainly the weak Club Med states (Greece+ Portugal) continue to take money out of the country – even increasing the speed with which they do it."
Steen sarcastically added "Sure Mr. Draghi, the ECB has been a great success. The shown data is only including January as IMF data is aThursday, April 18, 2013 |
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