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| RATIOS & INDEXES |
| Gold / Silver | 61.21 |
| Gold / Oil | 14.32 |
| Dowjones / Gold | 11.17 |
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 | Most read |  |
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 | 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 forSaturday, May 18, 2013 |
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 | John Rubino - Dollar Collapse |
 Golden Bullseye  |
| One of the lessons that gold bugs are learning, in the most painful way possible,
is that you can't trade a manipulated market. When big players with regulatory
immunity can move an asset's price -- and can see resistance/support levels
and moving averages just as clearly as anyone else -- smaller traders don't
stand a chance.
In the gold-is-manipulated script, governments and their bullion bank proxies
push the price to levels where they know hedge funds and other traders have
stop-Thursday, May 16, 2013 |
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 | Mike Hewitt - Dollar Daze |
 How Rare is Gold? |
| The best estimates available suggest that the total volume of gold mined over history is approximately 155,500 tonnes, of which around 64% has been mined since 1950. More than 90% of the world's gold has been produced since 1848Wednesday, May 15, 2013 |
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 | George F. Smith - Barbarous Relic |
 Who paid for the Civil War ?  |
| When war broke out in 1861, the federal government was without its own money machine, though that would soon change. As expenses from the war mounted, the U.S. government once again issued Treasury Notes to help finance it. The Act of July 17, 1861 authorized Secretary of the Treasury Salmon P. Chase to issue notes at 7.Monday, May 20, 2013 |
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 | Mark O'Byrne - gold.ie |
 Silver Surges 6.8% From Lows After Slammed 10% Lower In 4 Minutes |
| Today’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Friday’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce.
Gold fell $22.20 on Friday to $1,364.90/oz and silver closed at $23.632.
Silver fell victim to heavy, concentrated selling overnight in thin, illiquid Asian trading. Silver was slammed by 10% and fell from $22.36/oz to $20.30/oz in just four minutes - from 23:05 GMT to 23:09 GMT.
XAG/USD Spot Exchange Rate – 1 Day (Tick)
Silver has recovered 7% of Monday, May 20, 2013 |
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 | Rick Ackerman |
| Bull Market Getting a Little Freakish |
| The 1476.25 rally target shown in the chart below looked until recently like a good bet to contain the bullish stampede, at least for a while. As of early Wednesday morning, however, it seemed to be giving way. Even though it has been exceeded so far by just 2.50 points, that’s enough to imply that the resistance has been fatally compromised, given the clarity of the technical pattern that produced it. If this “Hidden Pivot” is in fact easily brushed aside, it would be yet one more casualty of aWednesday, May 15, 2013 |
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 | Mike Maloney - Goldsilver |
| U.S. Congress Seeks to Replace the Base Metal of Most American Coins With Steel |
| A measure introduced in the U.S. Congress seeks to replace the base metal of most American coins with steel. The move would slash the nickel and copper content of U.S. coins to a fraction of today’s already reduced levels. Like past changes in metal content, the bill represents a logical continuation of currency debasement and calls into question the strength of U.S. fiat currency—yet another sign of the decline of the global monetary system.
Congressman Steve Stivers (R-OH) introduced the bilWednesday, May 15, 2013 |
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| Rick Ackerman |
 Obama Is No Richard Nixon |
| With new revelations of scandal surfacing almost daily, there are apt comparisons to Watergate, of course. But say this for Richard Nixon: at his worst, the man’s political ambitions never went much beyond stealing an election and settling an old score with the press. The political career of Barack Obama, on the other hand, has been animated by an overweening vision that seeks nothing less than the further enlargement of Big Government so that even the most ardent disciples of the New Deal mightMonday, May 20, 2013 |
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 | Ron Paul |
| The IRS's Job Is To Violate Our Liberties |
| "What do you expect when you target the President?" This is what an Internal
Revenue Service (IRS) agent allegedly said to the head of a conservative organization
that was being audited after calling for the impeachment of then-President
Clinton. Recent revelations that IRS agents gave "special scrutiny" to organizations
opposed to the current administration's policies suggest that many in the
IRS still believe harassing the President's opponents is part of their job.
As troublingSunday, May 19, 2013 |
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 | Jesse - Le Café Américain |
| Silver Market Sunday Evening Follies |
| A large number of silver contracts were dumped on the Comex open on Sunday evening, a very quiet market period.
This ran the 'stops' and the price.
A similar number of contracts were then bought back at a lower price. And then the market was roiled, but started to recover from a very obvious price smackdown.
It is a little hard to see it on the 15 minute chart which just looks like a lot of selling. I hear that 2500 contracts traded in 15 minutes is a near record for an off hours session.Sunday, May 19, 2013 |
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| John Rubino - Dollar Collapse |
| Velocity of Money and the Crack-Up Boom |
| Based on both recent history and mainstream economic theory the past few years
should not have been possible. When you cut interest rates to near-zero, run
deficits of 10% of GDP and buy up every government bond in sight with newly
created currency, you get a boom, end of story. That's just the way capitalism
works.
But this time was different. After four years of QE and ZIRP and all the other
easy-money acronyms, we entered the month of May with Europe in a deepening
recessionSunday, May 19, 2013 |
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| Jesse - Le Café Américain |
| Comparison of the 1976 Gold Bull Market and Today |
| This is making the rounds on twitter.
Please note that I have not yet had the time to check this for accuracy.
I am playing 'nurse' for my wife who has returned from surgery at hospital.
And I am doing a poor job of it, I should say. Or as she says. lol.Sunday, May 19, 2013 |
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 | Richard Mills - Ahead of the Herd |
| Give It A Doubt |
| Many, many years ago during a lengthy argument with a friend he told me to ‘give it a doubt’ – he meant I was wrong.
The herd is convinced the commodities boom is over. Doom and gloom, the sky is falling, the bears argument sounds convincing - growth has stopped, economies are slowing. Looking at the TSX.V’s performance (most of the world’s minSaturday, 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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 | Mish - Global Economic Analysis |
| EU Emissions Trading in Tatters (As It Should Be) |
| The Wall Street Journal reports Emissions trading in Europe in Tatters.
The European Union's flagship program to fight global warming—a regional carbon-emissions trading system—suffered a major blow Tuesday when legislators rejected a proposal aimed at saving the market from collapse.
After the European Parliament's rejection, spooked investors drove the already depressed price of carbon emission permits down by nearly half. Benchmark electricity prices also fell. Europe's Emissions Trading SThursday, May 16, 2013 |
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 | Bron Suchecki - Perth Mint |
| Why the price smash affected GLD and SLV stocks differently |
| A number of bloggers have observed the difference between GLD's gold stocks and SLV silver stocks in response to the April price smash. Sharelynx is reporting the following changes over the past four weeks:
GLD down 3,031,042oz (-8.23%), current stocks 33,811,468oz
SLV down 341,111oz (-0.10%), current stocks 335,666,675oz
Sharelynx also tracks all the other major ETFs, COMEX, TOCOM, Sprott, BMG, Central Fund, Bullion Vault and GoldMoney reported stocks. The change in the total of all thosWednesday, May 15, 2013 |
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| John Rubino - Dollar Collapse |
| Preparing For Deflation |
| Signs of a slowdown are spreading. Here in the US, despite all the happy talk
about rising stock prices and falling deficits and the imminent unwinding of
the Fed's debt-monetization program, today's numbers were ominous:
Producer
prices post big drop, factory activity weak
(Reuters) - U.S. producer prices recorded their largest drop in three years
in April as gasoline and food costs tumbled, pointing to weak inflation pressures
that should give the Federal Reserve latitWednesday, May 15, 2013 |
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 | 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 analoTuesday, May 21, 2013 |
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 | Jordan Roy Byrne - The Daily Gold |
| 6 Reasons Why Gold Stocks will Begin a Huge Rally |
| 1. Huge rallies begin from these conditions
Below is the NYSE Gold Miners Index which is tracked by the GDX ETF. Look
at the RSI. Not only did it reach a multi-decade low but it has remained oversold
far longer than during the comparable periods. In the four previous periods,
the market rebounded suddenly and strongly in percentage terms. Meanwhile,
the bullish percent index, a breath indicator is more oversold than in 2008.
We plot the indicator with a 10-week moving average thatTuesday, May 21, 2013 |
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 | Ranting Andy - Miles Franklin |
| Another Gold Take Down With A Twist |
| Gold and silver reversed some of their losses yesterday. The silver supply is still tight. Andy Hoffman spoke to Kerry Lutz of the Financial Survival Network about another credit downgrade by Moody’s, US debt, and the metals markets.
Andy Hoffman – Another Gold Take Down With A TwistTuesday, May 21, 2013 |
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| Mark O'Byrne - gold.ie |
| Silver Recoups Sharp Loss And Rises 2% On Record Volume |
| Today’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce.
Yesterday’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Gold climbed $19.40 or 1.43% yesterday to $1,384.30/oz and silver finished 2% higher.
Silver’s recovery yesterday from being 10% lower at one stage to recouping these losses and then rising over 2% was very positive technically. The key reversal is leading some to postulate that we may have seen the bottom or are close to a bottom.
Spot Silver Tuesday, May 21, 2013 |
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