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| RATIOS & INDEXES |
| Gold / Silver | 61.40 |
| Gold / Oil | 14.29 |
| Dowjones / Gold | 11.15 |
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 | Gold, Silver and Real Money Issues |  |
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 | Bron Suchecki - Perth Mint |
| Precious metal memes |
| I'm having a debate with The Daily Bell over their assertion that "physical gold and its delivery will cost you up toward US$2,000" in the comments to this article of theirs. Readers of this blog I think will find it interesting, as well as the diversion into questions about the Germany repatriation and central bank transparency. I also questioned their view that the London Fix was not a free market in the comments to this article.
The thing about The Daily Bell is that they track and look behiTuesday, May 21, 2013 |
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 | Mike Maloney - Goldsilver |
| The Silver Squeeze Infographic |
| The Silver Squeeze Infographic is courtesy of Sean Aranda, and team at The Austrian Insder.Tuesday, May 21, 2013 |
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 | Mish - Global Economic Analysis |
| Wild Swings in Gold and Silver; Time to Give Up Hope? |
| Overnight action in gold and silver was interesting to say the least. Silver plunged 10% and was halted four times in a flash crash, of sorts, yet is now in the green.
Silver 10-Minute Chart
click on chart for sharper image
Silver hit as low as $20.25 and as high as $23.24. The maximum rally from the low was 14.8%
Gold 10-Minute Chart
click on chart for sharper image
Action in gold was also pronounced, but not quite as wild as silver. Gold fell $25 from the open but is now up $22 andTuesday, May 21, 2013 |
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 | Alasdair Macleod - Finance and Eco. |
| Bank balances and gold |
| There has been a growing shift in favour of assets relative to bank deposits. This was initially encouraged by zero interest rates, but more recently there is little doubt that Cyprus’s bail-in has accelerated the trend. This explains the bull markets in bonds and equities, which conveniently underwrites the entire banking system. It is however too early to offer evidence of falling deposit balances held by non-banks and the general public because depositors as a whole have been remarkably complMonday, May 20, 2013 |
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| Mike Maloney - Goldsilver |
| The Federal Reserve Treasure, or Relic? |
| Many would argue that the Federal Reserve is the mainstay of the American economy—that without a Federal Reserve, the nation’s finances would spin out of control and create massive global instability. Supporters of the Federal Reserve system believe prosperity requires prices to be altered by congressionally authorized monopoly—enforced by the Legal Tender law.
U.S. Founding Father Thomas Paine on legal tender:
As to paper money, in any light it can be viewed, it is at best a bubble.
If anMonday, May 20, 2013 |
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 | Jan Skoyles - The Real Asset Co |
| Unveiling the gold market’s working parts |
| On the 12th and 15th April gold fell victim to a price smash.
Why this happened is something which is open to much analysis and theorising. For the mainstream media it was down to an improving global economy and the need to hold gold no longer existed, for those in the world of gold investment this was perhaps down to more of the politics behind the gold-market than the economics.
On April 12th 3.4 million ounces (100 tonnes) of gold was sold in the US futures markets. This was just for startersSaturday, 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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 | Keith Weiner - Keth Weiner |
| Theory of Interest and Prices in Paper Currency Part II (Mechanics) |
| In Part I (http://keithweinereconomics.com/2013/04/22/theory-of-interest-and-prices-in-paper-currency-part-i-linearity/),
we looked at the concepts of nonlinearity, dynamics, multivariate, state,
and contiguity. We showed that whatever the relationship may be between prices
and the money supply in irredeemable paper currency, it is not a simple matter
of rising money supply → rising prices.
Here is a fitting footnote for Part I. I just bought a pair of Levis jeans
at Macy's for $4Thursday, May 16, 2013 |
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| Hubert Moolman |
Silver Price Forecast: Silver and the Dow  |
| Silver Price Forecast: Silver and the Dow
The Dow making new highs is likely to be very good news for silver investors, because nominal silver peaks tend to come after significant nominal peaks in the Dow. These stock market rallies are driven by the expansion of the money supply, causing a big increase in value of paper assets (including stocks) relative to real assets.
When the increase in credit or the money supply has run its course, and is unable to drive paper price higher; value then fleThursday, May 16, 2013 |
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| Mike Maloney - Goldsilver |
| Could Cuba?s Past Be Your Future? |
| Could Cubas Past Be Your Future? By Jeff Thomas, International Man An article was published in Uruguay that has received little notice outside of Latin America. This article refers to Cuban dissident Yoani Sánchez, also little known in the First World. Ms. Sánchez has recently been allowed to travel outside of Cuba for the first time, as a result of the elimination of "exit visas." The requirement for exit visas was imposed in 1961 to stop Cubans who opposed the then-new Castro regime from beiThursday, May 16, 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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| 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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 | Przemyslaw Radomski CFA - SunshineProfits |
| Is Crude Oil Ready For A Breakout And Would It Help Gold? |
| Jim Rogers recently said in an interview to Morningstar, that he is not disturbed by the recent tumble in gold prices.
“Gold had gone up 12 years in a row, without a down year, which is extremely unusual in any asset. Equally important, gold has only had one 30% correction in 12 years. Again, that is extremely unusual. Most things correct 30-40% every year or two. So the action in gold has been very unique and gold needed a correction. The main thing that caused it, as far as I am concerned, waTuesday, May 14, 2013 |
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 | Nathan Lewis - New World Economics |
| The "Bail-In" Is Another Bankster Scam |
| (This item originally appeared in Forbes.com on May 3, 2013.)
http://www.forbes.com/sites/nathanlewis/2013/05/03/the-cyprus-bank-bail-in-is-another-crony-bankster-scam/
A new strategy has been unveiled around the world, with the first
test run in Cyprus. Despite early denials, the “bail-in” strategy
for insolvent banks has already become official policy throughout
Europe and internationally as well.
At first glance, the “bail-in” resembles the normalTuesday, May 14, 2013 |
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 | Steve Saville - Speculative Investor |
| Comparing long-term gold-mining bull markets |
| The last long-term bull market in gold-mining stocks, which ran from the early-1960s through to 1980, occurred in parallel with a major upward trend in interest rates, a steady undercurrent of "inflation" fear, and the occasional dramatic "inflation" scare. However, the current -- we think it's still current, although this won't be proven until the gold-stock indices exceed their 2011 pTuesday, May 14, 2013 |
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| Jan Skoyles - The Real Asset Co |
| No cheap gold in Vietnam |
| One must wonder how Vietnam, a country where gold investing between 2011-2012 accounted for over 3% of GDP, has handled the global dash for gold in recent weeks.
The country’s central bank and citizens hold more gold per capita than India and China, and they have been unable to benefit as well as their neighbours from the low gold prices. Whilst gold shortages induced premiums to be charged in both India and China, they were not to the extent seen in Vietnam.
Here, the gold market is heavily regTuesday, May 14, 2013 |
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 | Michael J. Kosares - USAGold |
| The hidden crisis in the gold business |
| Barrick CEO JamieSokalsky has some things to say about the gold mining business that will come as a revelation to many gold owners. In a speech at the London Bullion Market Association’s conference in Hong Kong last November,Sokalsky wades into a largely hidden crisis in the gold business — static mine production that has not responded positively to the rising prices over the last several years, and is unlikely to ramp up even if prices go higher from here.Tuesday, May 14, 2013 |
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| Hubert Moolman |
| Silver Price Forecast: Silver Bull Market Is Following The Structure Of The 70s Bull Mar |
| Silver Price Forecast:
The 70s silver bull took place during a period from a major peak in the Dow/Gold ratio (1966) to a major bottom in Dow/Gold ratio (1980). The silver bull market started in 1971 and ended at the beginning of 1980.
The current silver bull market also started after a major peak in the Dow/Gold ratio (peak was at the end of 1999).The current silver bull market started in 2001, and it is also likely to end when the Dow/Gold ratio makes a major bottom. See the chart below, as ilTuesday, May 14, 2013 |
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 | Theodore Butler - Butler Research |
| The Worst Regulator Possible |
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Sticking with the theme of milestones, we’ve just crossed a few important anniversary dates that relate to silver that taken in proper perspective point to a disturbing conclusion. That conclusion is that the US commodities regulator,Tuesday, May 14, 2013 |
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| Alasdair Macleod - Finance and Eco. |
| The role of GLD and SLV |
| In August 2011 I wrote to the Financial Services Authority to seek confirmation that the London-based custodians of SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) were being regulated as custodians, despite the fact that physical bullion is not a regulated investment. After some chasing on my part I finally got a response, kicking my letter firmly into touch. The FSA accepted that the custodians (HSBC Bank USA NA for GLD and JP Morgan Chase Bank NA London Branch for SLV) were regulated, buMonday, May 13, 2013 |
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 | Chris Vermeulen - GoldandOilGuy |
| How to Spot and Time Stock Market Tops |
| Since the middle of April everyone and including their grandmother seems to
have been building a short position in the equities market and we know picking
tops or bottoms fighting the major underlying trend is risky business but
most individuals cannot resist.
The rush one gets trying to pick a major top or bottom is flat out exciting
and that is what makes it so darn addicting and irresistible. If you have
ever nailed a market top or bottom then you know just how much money can bMonday, May 13, 2013 |
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 | Adrian Ash - Bullion Vault |
| Really Real Rates vs. Gold |
| Quantitative easing and zero rates haven't worked. So let's have much more of 'em, eh...?GOLDattracts investment capital when other asset classes fail to deliver.So now equities have clearly regained their appeal after more than a decade of what finance professionals would rather we called "sub-optimal" returns, gold investing has lost its urgency for money managers. Indeed, it's become a neat little "short" to trade against whilst picking the next winner in the S&P's all-time high dash.More telMonday, May 13, 2013 |
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 | Jeffrey Nichols - Nichols on Gold |
| Monetary Policies Favorable for Gold-Price Recovery |
| Global financial markets will be taking their cues from U.S. Federal Reserve and European central bank policy meetings to be held by the Fed on Tuesday and Wednesday and by the European Central Bank (the ECB) on Thursday.
The consensus among economists who pay attention to these things suggests there won’t be any significant change in Fed policy . . . but, in contrast, there is a strong belief that the ECB will cut European interest rates from their already record low levels.
ECB Expectations
TMonday, May 13, 2013 |
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 | Jeb Handwerger - GoldStockTrades |
Physical Gold-Silver Shortage Could Benefit Undervalued Miners  |
| When it looks as though things couldn't get worse for precious metal mining
equities (GDX), that may be just the time to buy for contrarians. Not only
are the junior miners (GDXJ) sloping to historic decade lows, but gold (GLD)
bullion which has held up considerably well in comparison has been hit hard
recently by short selling, bearish bank reports and margin calls.
Now after this recent decline there is a palpable sense of panic and fear
throughout the resource markets. This is the bMonday, May 13, 2013 |
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| Keith Weiner |
| Theory of Interest and Prices in Paper Currency Part I (Linearity) |
| Under gold in a free market, the theory of the formation of the rate of interest
is straightforward.¹ The rate varies in the narrow range between the floor
at the marginal time preference, and the ceiling at the marginal productivity.
There is no positive feedback loop that causes it to skyrocket (as it did up
until 1981) and subsequently to spiral into the black hole of zero (as it is
doing now). It is stable.
In irredeemable paper currency, it is much more complicated. In this first
Monday, May 13, 2013 |
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| Aubie Baltin |
History’s Best Gold Buying Opportunity – Dr Baltin  |
| There is only one difference between a bad
economist and a good one: The bad economist confines himself to the
visible effect; the good economist takes into account both the effect
that can be seen and more importantly, those effects that must be
foreseen. The bad economist pursues a small, present good that will be
followed by a great evil to come, while the good economist pursues a
great good to come, at theMonday, May 13, 2013 |
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 | Jeffrey Lewis |
| Intrinsic Value and the Final Battle for Silver |
| When looking at the intrinsic value of hard currencies like silver relative to that of paper fiat currencies like the U.S. Dollar, some serious questions need to be asked and answered. Here is one series of questions that can be used to initiate such an analytical process and some rational answers:·What is the intrinsic value of fiat currency? The value of the paper they are printed on.·What is the nature of a measuring stick? To provide a consistent gauge of size or value. ·What is backing allFriday, May 10, 2013 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Gold Stocks Are Leading Gold Lower |
| T.S. Eliot called April "the cruelest month" in his famous poem, and without a doubt April was cruel to many gold investors. Sunshine Profits subscribers who followed our suggestions in April avoided a share of the pain. Probably no one suffered more than hedge fund manager John Paulson. He is joined byhedge fund manager David Einhorn whose Greenlight fund took a big hit on its gold miners ETFholdings. Einhorn said recently what we would consider an understatement: "We were somewhat surprisFriday, May 10, 2013 |
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