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| RATIOS & INDEXES |
| Gold / Silver | 62.06 |
| Gold / Oil | 12.77 |
| Dowjones / Gold | 12.68 |
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 | Most read |  |
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 | FOFOA - FoFOA |
Public Service Announcement  |
| Beware of fake gold being sold on eBay. I received this email from a reader yesterday:
Hi FOFOA,
I purchase the vast majority of my gold coins and (in-assay only) bars on eBay. I have had much success. eBay buyer protection has saved my butt on occasion, not just for gold purchases. I authenticate every coin I buy. For every purchase, regardless of source, I use a Fisch for Eagles & Krugerrands and a jeweler's scale and calipers for other coins, plus a detailed visual comparison to known-genFriday, December 06, 2013 |
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 | Mac Slavo - ShtfPlan |
It Will Implode: “We Will See The Demise of the Dollar”  |
| Few economic analysts truly understand the underlying fundamentals of the global economy and their impact on the workings of the world. Fewer still are willing to share that knowledge with the general public and advise others on how to shield themselves against a destabilization of the system as we have come to know it.
Bud Conrad of Casey Research is one of those who does, and in the interview below with Future Money Trends he discusses the end result of the manipulations currently being executFriday, December 06, 2013 |
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 | David Bond - Wallace Street Journal |
 Death at Doe Run: EPA shutters another smelter |
| WALLACE — While our first Affirmative Action president fiddles, Nero-like, over the smoking rubble that was the American economy, few outside of the gun-nut community — of which we are card-carrying members — noticed the newest death-rattle, this emanating from the small (pop. 3,468) town of Herculaneum, Missouri.
There in Herculaneum, at year-end, we will witness the demise of Doe Run, this nation's last primary lead smelter and in operation since 1892 — thanks, once again, toFriday, December 06, 2013 |
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 | Mark O'Byrne - gold.ie |
| Economists Warn Depositors May Be Burnt In Bail-Ins (Part III) |
| Today’s AM fix was USD 1,230.75, EUR 900.59 and GBP 752.38 per ounce.
Yesterday’s AM fix was USD 1,234.00, EUR 907.69 and GBP 754.79 per ounce.
Gold fell $13.52 or 1.1% yesterday, closing at $1,229.69 /oz. Silver slipped $0.20 or 1.1% closing at $19.45/oz. Platinum dropped $11.51, or 0.8%, to $1,356.99/oz and palladium rose $6.00 or 0.8%, to $730.50/oz.
Gold in U.S. Dollars, 5 Day - (Bloomberg)
Premiums in China and India remained robust overnight and way over western premiums. BullFriday, December 06, 2013 |
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| Eric Dubin - Investor Intelligentsia |
| More Propaganda BS From United States Government: Healthy Young America Video Contest W... |
| Eric Dubin |
This falls into the “are they really that stupid category.” The U.S. Department of Health & Human Services and Young Invincibles launched the “Healthy Young America video contest” earlier this year and the winners have been announced. Drum roll please . . .
The Grand Prize goes to Erin McDonald, for her velvet tone song, “Forget about the Price Tag.” Yes, that’s right. A contest that was designed with the hope of promoting young people to embrace Obamacare would like said young Friday, December 06, 2013 |
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 | Captain Hook - Treasure Chest |
| Achtung Baby |
| Were getting close. We are getting close to the day of reckoning this fiat currency economy suicide mission the Fed(s) has engineered for us. So you better get ready, because they will not ring a bell at the top of the stock market to warn the party is over so Achtung Baby. Because the end of the line in QE debt monetization related economic growth is almost here with diminishing returns in money printing and central bank balance sheet growth re-accelerating. And while its true central autMonday, December 09, 2013 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| What’s Next for Gold? |
| The precious metals sector was weak in the previous weeks and it remains weak today as well. Gold, silver, and – to some extent – mining stocks rallied on Wednesday and many investors and traders were led to believe that the worst was over. It wasn’t, and mining stocks told us so. Gold stocks (the HUI Index) moved below Monday’s lows, not to mention that they also remained below their previous 2013 lows and the psychologically important 200 level.
Is the outlook as bearish for gold as mining stFriday, December 06, 2013 |
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 | James West - Midas Letter |
| Woe is Gold |
| There’s a day out there on the horizon of time – distant perhaps, perhaps not – where the price of gold is going to suddenly and forcefully reverse course, and leap past its previous record. The primary cause of this reversal will be the widespread breakdown in the viability of the world’s fiat currencies, primarily the United States dollar.
The reversal in the price of gold will handsomely reward investors who have the financial fortitude to buy when everyone is selling, and the mental fortitudMonday, December 09, 2013 |
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 | Antal E. Fekete - Gold University |
| Silver Charade, Gold Charade |
| The Treasury would not comment on rumors about the sale of gold in use as backing for Federal Reserve notes. Such a clandestine way of disposing of the patrimony of the American people would be a disgraceful piece of business. It would show the moral bankruptcy of the government that lacks courage to inform the electorate about plans to pull the rug out from under the value of the dollar in selling the monetary asset securing it, the only asset which is not at the same time a liability in the balance sheet of others, and is therefore not subject to default and debasement: gold.Saturday, December 07, 2013 |
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 | Jan Skoyles - The Real Asset Co |
| Should I invest in more than one precious metal? |
| After 12 years of gains in the gold price, investors are now facing the true reality of unlucky number 13. Gold is set to end the year down for the first time in over decade. Having hit an all-time in September 2011, gold has failed to return to that to spot. Silver has had a similar experience, touching $50 in 2011 and it is currently floundering below $20.
Meanwhile there are repeated calls for 2014 to be the year for both platinum and palladium, the industrial metals of the precious metals.
WThursday, December 05, 2013 |
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 | Jesse - Le Cafe Américain |
| Comex Deliverable Gold Still Out On the Tails of Leverage at 57 to 1 |
| "Jim, lad, there be consequences an' then there be consequences. Devil take 'em all, says I, and pass aft the rum."
Robert Louis Stevenson, Treasure Island
The ratio of potential claims to deliverable gold remains at an extreme of 57 to 1, despite the pricing antics designed to shake off the standing longs, and to scrape out physical supply from wherever it can be had.
But the leverage remains quite high in what is normally a big delivery month of December. That so few longs have yet to beFriday, December 06, 2013 |
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 | Egon von Greyerz - Matterhorn AM |
| Gold as Part of Gresham’s Law for Interest Rates – Prof. Fischer |
| Prof Tom Fischer
“Gold as Part of Gresham’s Law for Interest Rates”
Financial journalist Lars Schall talked with German academic Tom Fischer, a financial mathematician, about the phenomenon why gold’s usual state of contango suggests central bank interference. Moreover, they took a look at the issue of the paper vs the physical gold market, and discussed other issues related to the precious metal markets, such as the gold-silver ratio.
Dr. Tom FischWednesday, December 04, 2013 |
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 | Miguel Perez-Santalla - Bullion Vault |
| Gold, What Is It Good for? |
| Absolutely nothing! Well, except 5,000 years of value exchange, non-correlation, and preserving wealth...
GOLD's VALUE is under attack, writes Miguel Perez-Santalla at BullionVault. The current market environment has led many in the press to question gold as an investment or an asset class.
There have been many pieces written pointing to the 2013 decline, now 27% on the year or 35% off the high of 2011. It would seem evenhanded to make this determination on this rather short view of the maWednesday, December 04, 2013 |
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| Mac Slavo - ShtfPlan |
| Horrific Consequences: “People Don’t Understand the Scale of the Emergency That’s Going |
| Back in the mid-2000's, when jobs were plentiful and everyone was concerned with buying zero-interest homes, new cars and taking luxury vacations, Mike Maloney from the Hidden Secrets of Money was warning of the financial and economic destruction to come. In his assessment, a crisis was imminent:
First the threat of deflation (1), followed by a helicopter drop (2), followed by big reflation (3), followed by a real deflation (4), and then followed by hyperinflation (5),
We now know that Maloney wFriday, December 06, 2013 |
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 | John Rubino - Dollar Collapse |
| If You Were Going to Buy a Mining Stock, Which Would It Be? |
| Let's say you've got some traditional mutual funds full of stocks and bonds
and they're way up. You're worried by all the taper talk and the charts that
show share prices and margin debt back up to pre-crash levels, and you're wondering
whether it's time to redirect some of that capital to someplace that no one
is calling a bubble.
Meanwhile, you've noticed that precious metals mining stocks are in another
of their periodic corrections, with this one looking a lot like 2008's bloodbathThursday, December 05, 2013 |
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 | Tim Iacono - Iacono Research |
| Back in a Few … Weeks? |
| After a brief illness, my mother passed away last night. She will be dearly missed.
UPDATE (Friday, Dec. 6th) – Thanks for all the thoughtful comments. As you might imagine, there are lots of things to tend to here regarding the estate in general and the house in particular. We won’t begin the road trip back to Montana (flew here, driving back with Mom’s car) for maybe another week. One of the obituaries can be found here.
/* Friday, December 06, 2013 |
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 | Bron Suchecki - Perth Mint |
Tight physical supply  |
| Readers have asked me to comment on Koos Jansen's report of tight physical supply. There are a few interesting observations made in the article I have some comments on.
1. "sometimes when they get gold in, it’s coming from the back corners of the vaults. He knew this because these were good delivery bars marked in the sixties"
This is not unheard of. In June 2006 the LBMA issued a note saying that "in the past year, an increasing number of gold and silver bars have been re-appearing in the marMonday, December 09, 2013 |
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 | Chris Ciovacco - Ciovacco Capital Management |
| How Much Damage To Stocks From Taper Fears? |
| Good News, Bad News
Markets can get somewhat confused when the economy begins to strengthen. On
one hand, economic growth is good for earnings. On the other hand, an improving
economy increases the odds of a Fed stimulus reduction announcement. Thursday's
GDP report hit the market with a "is this good news or bad news" dilemma. From Bloomberg:
The U.S. economy expanded in the third quarter at a faster pace than
initially reported, led by the biggest increase in inventories since Friday, December 06, 2013 |
|
 | Charleston Voice |
 The Truth About South Africa: ANC's black on black killing spree  |
| ANC's black on black killing spree
Source TruthAboutSouthAfrica
THIS PAGE CONTAINS IMAGES THAT MAY UPSET SENSITIVE VIEWERS
The number of blacks that were killed by the Apartheid government is generally inflated by the ruling ANC. When they were spreading propaganda around the world during their "struggle", they rarely backed their claims up with facts, as one would imagine.
The Human Rights Commission in South Africa released statistics of all the politically motivated murders in SouFriday, December 06, 2013 |
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 | Chris Powell - GATA |
| China is mining gold at as much as $2,500 per ounce, Leeb tells KWN |
| Money manager Stephen Leeb tells King World News today that China is mining gold at a total cost of $2,000 to $2,500 per ounce, despite current futures prices of only half that, because China expects substantially higher prices. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/5_Ch...Friday, December 06, 2013 |
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 | Alasdair Macleod - Finance and Eco. |
| Gold and interest rates |
| A common misconception in markets about the price of gold is that rising interest rates for a currency will always drive the price of gold down against it. I shall come to market relationships in a moment, but first we must look at the economic relationship between gold and currency.
The primary driver is changes between the relative quantities of gold and currency, with an overlay of changes in confidence for the currency itself. This quantity relationship is simple to understand and needs littSaturday, December 07, 2013 |
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 | Toby Connor - Gold Scents |
| Bear Market Bottoms: Smart Money Buying Opportunity |
| By: Toby ConnorIn this business there is no greater buying opportunity than at a bear market bottom. For those few investors able to control emotions, delay gratification, and go against the crowd, a bear market bottom is where millionaires and billionaires are made.Unfortunately for the vast majority of traders, emotions are much stronger than logic. When most people observe a market that has gone up continuously for five years they automatically assume that this market will continue to rise. AMonday, December 09, 2013 |
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| James West - Midas Letter |
| Peter Munk on "stupidity" and the future of Barrick Gold |
| Follow @MidasLetter
@MidasLetter thought you might like this Globe exclusive: Peter Munk on stupidity and the future of Barrick Gold http://t.co/EC8mAQ2dX4
— The Globe and Mail (@globeandmail) December 5, 2013
Follow @MidasLetterThursday, December 05, 2013 |
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 | Chris Vermeulen - GoldandOilGuy |
| Using Options to Capitalize on Strong Fundamentals in Gold |
| Throughout most of 2013, gold futures have been under major selling pressure.
Gold opened the year trading around $1,675 per ounce. As of the 12/02/13 close,
gold futures were trading around $1,220 per ounce which would mean that thus
far in 2013, gold futures have lost more than 27% of their value.
Looking back to September of 2011, gold's all time high came in around $1,923
per ounce. In a little more than 2 years, gold prices have dropped around $700
per ounce representing a total lThursday, December 05, 2013 |
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| Bron Suchecki - Perth Mint |
| Producer/Merchant net long is not necessarily bullish |
| Gene Arensberg has a good post up on the rare occurrence of COMEX Producer/Merchants category going net long. He sees it as a bullish sign but I would suggest another interpretation which could be more ambivalent.
Gene notes that the producer/merchant "class of traders is dominated by actors who are hedging price risk of their own physical or financial exposure to precious metal, so they are usually more short than long futures" and that it includes "producers and miners, refiners, large jeweFriday, December 06, 2013 |
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 | Andy Sutton |
| The Fate of Dollar Hegemony |
| Despite the quiet nature of things lately from a geopolitical standpoint, coupled with the mainstream media?s obsession with new nominal highs in the various paper indexes, there is definitely turbulence below the surface. There have already been a number of thought-provoking articles written regarding the future of dollar hegemony and the purpose of this week?s piece is to hopefully add to the discussion and stimulate some thought. The first important thing to rememberMonday, December 09, 2013 |
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| Chris Powell - GATA |
| Grant Williams: Today's gold suppression will break just as London Gold Pool did |
| December's "Things That Make You Go Hmmm. ..." letter by Grant Williams of Vulpes Investment Management in Singapore compares the current mechanisms used by central banks and bullion banks to suppress the gold price with the mechanisms used by the London Gold Pool of the 1960s, which, Williams observed, worked fine every day for a long time until suddenly it didn't.
Williams draws heavily on the long Bloomberg News report from a week ago that raised suspicion about the daily gold price "fixing"Thursday, December 05, 2013 |
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| Eric Dubin - Investor Intelligentsia |
| Precious Metals Mining Company Managers: Your Job Includes Defending Your Industry |
| Chris Powell, the Secretary/Treasurer of the Gold Anti-Trust Action Committee (GATA) published a fascinating dispatch today. A GATA supporter wrote to a silver mining company’s investor relations officer to complain about apparent indifference to manipulation of the monetary metals markets. The response:
Thanks for your email. We share your frustration about the silver price. However, we don’t attempt to take action against the bullion bankers for manipulation because 1) it is primarily the reThursday, December 05, 2013 |
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| Mark O'Byrne - gold.ie |
| Deposit Confiscation Poses A Real Risk To Investors, Savers and Corporate Depositors (Part II) |
| Today’s AM fix was USD 1,234.00, EUR 907.69 and GBP 754.79 per ounce.
Yesterday’s AM fix was USD 1,213.00, EUR 892.57 and GBP 741.13 per ounce.
Gold climbed $20.70 or 1.69% yesterday, closing at $1,243.40/oz. Silver rose $0.62 or 3.24% closing at $19.74/oz. Platinum climbed $20.75, or 1.5%, to $1,375.00/oz and palladium was also up $13.97 or 2%, to $727.47/oz.
Gold bounced sharply higher yesterday as traders went long, leading to a bout of short covering. Gold looks very oversoldThursday, December 05, 2013 |
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