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| RATIOS & INDEXES |
| Gold / Silver | 61.99 |
| Gold / Oil | 14.77 |
| Dowjones / Gold | 11.04 |
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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 forTuesday, May 21, 2013 |
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 | Bron Suchecki - Perth Mint |
 Time to give up on the CFTC  |
| Gene Arensberg has an article out on the COMEX price smash where he concludes that:
"in order for the initial 124 tonne sale to have occurred “legally” it would have had to have been 14 traders, all with zero orders open, all acting simultaneously, all acting independently, in their own self-interest, without colluding with each other to “sell-for-effect” or conspiring to foment a price smash.
In actuality, the chances that there were 14 traders who held zero open orders all acting independFriday, May 24, 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.Wednesday, May 22, 2013 |
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 | Egon von Greyerz - Matterhorn AM |
 Clients denied gold at major banks as shortage intensifies |
| Clients denied gold at major banks as shortage intensifies
Read this article on King World News – Courtesy KWN May 21, 2013
Second written part of the same audio interview we posted yesterday:
Greyerz: “This week I want to talk about what we are seeing in the physical gold market, and why there is a disconnect in that market. We transfer a lot of gold from Swiss banks and other banks into private vaults for investors.
More often now, than ever, we are encountering incidents when the banks areFriday, May 24, 2013 |
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 | Antal E. Fekete - Gold University |
| Hyperinflation or Hyperdeflation? |
| The reason why QTM fails is that money is not one-dimensional. It is in fact two-dimensional. Quantity is one, and the velocity of circulation is the other dimension. Central banks control the former, and the market firmly controls the latter. As long as fair weather lasts, velocity may be ignored. But as soon as the weather grows foul, velocity returns with a vengeance. If it increases, we talk about inflation. If it decreases, we talk about deflation. In the extremeWednesday, May 22, 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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 | Frank Shostak |
  Drowning in a Liquidity Trap? |
| Bruce Bartlett recently lamented in The New York Times that given the current state of economic affairs we need more Keynesian medicine to fix the
US economy. According to Bartlett, the core insight of Keynesian economics is that there are very special economic circumstances in which the general rules
of economics don’t apply and are in fact counterproductive. This happens when interest rates and inflation rates are so low that monetary policy becomes
impotent; an increase in the money supply haSaturday, May 25, 2013 |
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 | Stewart Thomson - Graceland Update |
| Buy Gold On QE Exit News |
| 1.After the 1929 crash, the US Treasury & the Fed workedtogether.They revalued gold, and begana program of quantitative easing (QE).2.Eight years later, in 1937, the Fed started tightening credit byraising interest rates, and America plunged back into economic depression.3.After the 2008 crash, America entered into a very severerecession, and the Fed began a new quantitative easing program.4.Recently, the mainstream media and bank economists have been quiteemphatic that the economic recovery isThursday, May 23, 2013 |
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 | Julian D. W. Phillips - Gold Forecaster |
| Gold's Pivotal Role - The Yuan Sees Freer Convertibility this Year! (Part 1) |
| China has signaled it is going to propose plans this year to allow freer flows of the Yuan both in and out of the nation as part of measures to loosen control over the Yuan and interest rates. It was expected that full and free convertibility after 2022, but it's clear that the program is moving at an accelerated pace. How far this next phase of convertibility will go has to be seen at the end of this year.It's understandable that the process will be gingerly handled so as to dovetail into the cThursday, May 23, 2013 |
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 | Mish - Global Economic Analysis |
| China Manufacturing Slips Back Into Contraction |
| The HSBC Flash China Manufacturing PMI™ shows China Manufacturing Slips Back Into Contraction.
Key Points
Flash China Manufacturing PMI™ at 49.6 (50.4 in April). Seven-month low.
Flash China Manufacturing Output Index at 51.0 (51.1 in April). Three-month low.
click on chart for sharper image
Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: "The cooling manufacturing activities in May reflected Thursday, May 23, 2013 |
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| Mish - Global Economic Analysis |
| Rand Paul Has the Right Idea, Congress Should Apologize to Apple; Holy Grail of Tax Avoidance; The " |
| Rand Paul created quite a stir in Congress when he Tweeted 'The Senate should apologize to Apple'.
@SenRandPaul:
Instead of examining our broken tax system, the US Senate is about to
harass Apple-one of the greatest business success stories in history.
@SenRandPaul: I am offended by a $4 trillion government bullying, berating and badgering one of America's greatest success stories.
@SenRandPaul:
To US Senate: I say, instead of Apple executives, you should have
brought in a giant mirror if Wednesday, May 22, 2013 |
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| 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 |
|
 | Clive Maund |
Gold Market Update  |
| For those of you who are short of time and are accustomed to scrolling down to the bottom of an article to read its conclusions I'm going to save you the trouble by putting the conclusions at the start: the broad US stock markets are approaching a parabolic blow off top and should be sold, and gold and silver are bottoming and should be bought. If you have fallen to the floor laughing at this suggestion it is a sign that you have been brainwashed by The Ministry of Disinformation and you are warWednesday, May 22, 2013 |
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| Bron Suchecki - Perth Mint |
| The Andrew Maguire Challenge |
| I love a challenge/bet and Dan at The Fundamental View obliges with a challenge to Andrew Maguire to provide his CV to justify the title given to him as a whistleblower. Dan spices it up by making it one-sided, in that Dan will "promise to never write another word about you again. In fact, I will even provide you with a free banner advertisement spot on my blog for your “trading service” for a full year."
My view/best guess on why Andrew will not provide his CV can be found here. I can't thinkWednesday, May 22, 2013 |
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| Mish - Global Economic Analysis |
| Obamacare Premiums 47% Higher But Deductibles 27% Lower Than Grandfathered Health Plans; Obamacare L |
| Here's the question of the day: If you have a choice (and you many not for long because companies are abandoning grandfathered plans) Should you skip Obamacare and keep your old plan?
Any policy in place on March 23, 2010, the day health reform was enacted, falls under the grandfather exemption. As the Obama administration put it, if you like your plan, your doctor or both, you can keep them. Last year some 60 percent of employers, large and small, offered at least one grandfathered plan duriMonday, May 20, 2013 |
|
 | 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 |
|
 | 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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 | investing in precious metals - gold.ie |
| Beware of Exchange Trade Funds (ETFs) Bearing Gold |
| Gold is unique among asset classes as it is the only asset class not dependent on the performance of auditors, management, corporations, financial institutions, banks, politicians and governments. Nor should physical gold be dependent on the performance of trustees, custodians and or sub custodians.Saturday, May 25, 2013 |
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 | Charleston Voice |
| Using ShadowStats inflation statistics we’ll see that the 1980 peak of $850 equals $9,00 |
| For the sound money Doubting Thomases
valcambigold.com
MAY 17, 2013
1. relative Gold chart - gold divided by its own 200 dma The r-GOLD chart is gold divided by its own 200 dma. It has proven to be a reliable indicator in spotting major bottoms and tops for gold in the past 10 years. Recently the rGold chart bottomed out again and points towards new highs in 2013.
2. GOLD & Monthly closes since 1970
When experts claim gold to be in record high territories and therefore being in a bSaturday, May 25, 2013 |
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| Egon von Greyerz - Matterhorn AM |
| The Most Productive Man in History |
| THE MOST PRODUCTIVE MAN IN HISTORY
by Egon von Greyerz – May 18, 2011
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 importaSaturday, May 25, 2013 |
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 | The Gold Report |
| How to Be an (Educated) Optimist: Ivan Lo on the Enduring Value of Gold and Silver |
| The Gold Report: Some recent headlines from The Equedia Weekly Letter include "A Scary Prediction," "Prepare for a Crisis," "A Nuclear Threat" and "A Shockwave Is Coming." Should investors be fearful, or does fear help sell your newsletter?
Ivan Lo: Fear helps sell the newsletter but not necessarily in the way you've worded it. Where there's fear and concern people go looking for answers, and we try to provide them. There's a lot of fear and concern right nowwar with Syria in western Asia, nucFriday, May 24, 2013 |
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 | Tim Iacono - Iacono Research |
| Friday Morning Links |
| MUST READS
Japan the Model – Krugman,NY Times
Drowning in a Liquidity Trap? – Mises
Nikkei Goes for Wild Ride for Second Day – CNBC
Market turbulence poses first test for Abenomics – Reuters
Japan Market Crash: A Slow Leak in the “Central Bank Bubble” – Time
Bank’s Lobbyists Help in Drafting Financial Bills – NY Times
Jack Lew: Treasury Secretary and Oblivious Bank Shill – bluZink
Fed’s Bullard wants inflation pickup before tapering QE – Reuters
Overdue Student Loans Reach Fresh Record – BloombeFriday, May 24, 2013 |
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| Tim Iacono - Iacono Research |
| Visualizing Public/Private Debt Since 1990 |
| One of the more fascinating ways to visualize the world’s growing pile of public and private debt comes via this interactive graphic in the online version of today’s Wall Street Journal story Asia Goes on a Debt Binge as Much of World Sobers Up ($) where you can view a time lapse of debt (as a percentage of GDP) for various countries and regions.
The basic story is told in the two charts below, the first being from 1990:
The second from last year:
The article is a good read, but the interactivFriday, May 24, 2013 |
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