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| RATIOS & INDEXES |
| Gold / Silver | 61.80 |
| Gold / Oil | 14.25 |
| Dowjones / Gold | 11.19 |
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 | GoldWire |  |
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 | Jesse - Le Café Américain |
| Silver Rally Hit By Ruthless Selling |
| Bernanke's QE remarks sparked a flight to the metals and short covering as the silver shorts temporarily lost control of the trade. There will be QE of many sorts, as far as the eye can see.
This was quickly met by renewed waves of ruthless selling by the Anglo-American financial cartel.
Silver has since returned to its pre-rally price of 22.75.
The suppression of gold was even more brutal with a plunge on selling, and a gap lower, even on the one minute chart.
The premiums for real metals Wednesday, May 22, 2013 |
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| Jesse - Le Café Américain |
| Liz Warren Grills Jack Lew on Too Big To Fail |
| Original source and commentary is at Mother Jones
Warren nails it in the last minute of the tape. The US lack of serious reform is a risk to the world economy.
Obama is a thoroughly modern manager: part Herbert Hoover, and part Richard Nixon.Wednesday, May 22, 2013 |
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| Jesse - Le Café Américain |
| Net Asset Value Premiums of Certain Precious Metal Trusts and Funds |
| Bernanke's words have inflamed the equity market, and driven a flight to the much suppressed metals.
There are still no strong feelings in the trusts and funds although Sprott Silver shows a spark.
The Gold/Silver ratio is at 63.4.
I still believe that stagflation is the most likely forecast, but the world is getting a stronger whiff of pure monetary inflation from the central banks, despite the best efforts of the financiers and their apparatchiks to suppress it.
Stagflation is a weird kindWednesday, May 22, 2013 |
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 | Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - The gold price continues to consolidate below $1,400 in New York around $1,376. In Asia and early London the gold price was lifted above $1,385 to Fix in London's morning at $1,385.25 up $6.50 and in the euro at ?1,071.429 up ?1.2, while the euro was slightly changed at ?1: $1.2929 slightly stronger.Ahead of New York's opening it stood at $1,386.40 and in the euro at ?1,072.40. Silver Today - Silver closed at $22.43, in New York yesterday. Ahead of New York's opening silver stood atWednesday, May 22, 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 cWednesday, May 22, 2013 |
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| Jesse - Le Café Américain |
| SP 500 and NDX Futures Daily Charts - Rough Seas Ahead |
| Early today the markets soared on initial indications from Bernanke of Quantitative Easing, for as far as the eye can see.
Then Bernanke's response to some questions cast some clouds, and the markets reversed sharply.
Make no mistake. There is little underpinning the equity market except for monetary froth.
Rough seas ahead. Batten down the hatches.
Ben is pouring oil on troubled waters. But it may not be enough, or even hazardous in its own right.Wednesday, May 22, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Could It Be Any More Obvious |
| "First they ignore you, then they laugh at you, then they fight you, and then you win."
Mohandas K. Gandhi
Intraday commentary here.
Each market operation to keep the precious metal prices lower sends more bullion out of the hands of the western Banks and into stronger hands in the East.
Why would they do this? What is their game plan?
There isn't one. They are just trying to 'muddle through.'
They are doing what they have been doing, and hoping for something to happen before they run Wednesday, May 22, 2013 |
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 | Ranting Andy - Miles Franklin |
| The New York Gold Pool |
| Read the Tuesday Afternoon Wrap-Up for 5/21/2013 and the Wednesday Morning Commentary for 5/22/2013
I know, MARKET MANIPULATION cannot possibly exist; even though the Fed admits to supporting bonds…
QE4-Ever: Fed Announces 4th Round of Quantitative Easing
…while distinct GOVERNMENT AGENCIES are mandated to support stocks…
President’s Working Group on Financial Markets
…and manage currencies…
Exchange Stabilization Fund (“The ESF”)
…and what’s this, per the ESF’s mandate…
“The ESF was establishedWednesday, May 22, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning: May 21, 2013 |
| Gold Today - The gold price did anabrupt turnaround in New York to close at $1,395 up $41. In Asia and earlyLondon the gold price was pulled back to Fix in London's morning at $1,378.75up $25 and in the euro at ?1,070.209 up ?18, while the euro was slightlychanged at ?1: $1.2883.Ahead of New York'sopening it stood at $1,380.40 and in the euro at ?1,074.32. Silver Today - Silver closed at$22.17, in New York yesterday. Ahead of New York's opening silver stood at $22.43.Gold(very short-term)The golTuesday, 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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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Capping the Gains - Racketeering |
| Bernanke gives his Congressional testimony tomorrow morning.
FOMC minutes will be released in the afternoon.
The stock market is at bubble levels. And the real economy is languishing. I find it almost incredible how the economists can blithely ignore another bubble once again.
Speaking of Blythe, have we heard any more about the FERC charging JPM with manipulating the energy markets in the manner of Enron?
It is interesting to see that prosecutors are considering charging SAC under the Tuesday, May 21, 2013 |
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| Ranting Andy - Miles Franklin |
| The ORB-Bubble |
| Read the Monday Afternoon Wrap-Up for 5/20/2013 and the Tuesday Morning Commentary for 5/21/2013
This weekend, I watched the Preakness Stakes horse race; as always, at Pimlico Racetrack in Baltimore. I have never been a horse aficionado; but like most Americans, the excitement of the “Triple Crown” possesses me each Spring. In today’s era of specialized horses – much like specialized baseball pitchers – the odds of a single horse winning both the Kentucky and Preakness sprints and the Belmont Tuesday, May 21, 2013 |
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| Ranting Andy - Miles Franklin |
| Total Cartel CONTROL Over Media & Markets |
| Andy Hoffman speaks with the SGT Report about the IRS scandal, Benghazi, and the manipulation of the markets and media:
Total Cartel CONTROL Over Media & Markets — Andy HoffmanMonday, May 20, 2013 |
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| Bullion Vault |
| Fresh Plunge in Precious Metals "Natural" as Bearish Money Managers Hold "Upper Hand" Ov |
| WHOLESALE PRICESforgold and silver rallied from a fresh plunge in early London dealing on Monday,rising to stand unchanged and 2.3% lower respectively from the end of lastweek's trade by lunchtime.Asian stock markets closed sharply higher, even as the Japanese Yen reversedFriday's drop to new 4-year lows against the US Dollar.Commodities ticked lower as did major government bonds. Silver prices todaytouched the lowest level in 44 months, dropping within 25¢ of $20 per ounce.This morning London'sMonday, May 20, 2013 |
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| Jesse - Le Café Américain |
| Gold and Silver Futures Hourly Charts - Sharks With Laser Beams |
| There is not much doubt in my mind that the antics we saw in the silver, and to a lesser extent gold, markets last night were a classic hit and run, Dr. Evil market play.
It is not particularly sophisticated, more like a brazen street con, or a smash and grab. But it does require a complacent regulatory environment, and a certain regard for fellow insiders who are in a position to see what has happened and raise objections with regulators and the exchanges.
One hits a quiet market with a veryMonday, May 20, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - |
| Silver and Gold plunged on the Globex Sunday open yesterday as a large number of silver contracts were dumped at market.
Commentary on this was given here and here.
The metals were slow to recover until this morning, and then took off, going out near the highs in a classic short squeeze.
The physical offtake of bullion from the world markets into strong hands is getting intense.
It is far too early to say if this is any kind of a bottom. We have not even broken the down trend yet.
Bernanke Monday, May 20, 2013 |
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| Ranting Andy - Miles Franklin |
| SILVER MANIPULATION, JPMORGAN is the GOVT! |
| Andy Hoffman spoke with Elijah of the FinanceAndLiberty YouTube Channel. He discusses silver manipulation, hyperinflation and the collapse of the dollar with Rob Kirby:
Absolutely MUST WATCH! SILVER MANIPULATION, JPMORGAN is the GOVT! – Andy Hoffman & Rob Kirby – PT 1
DOLLAR COLLAPSE, HYPERINFLATION, and HOW TO PREPARE! – Andy Hoffman & Rob Kirby – PT 2Monday, May 20, 2013 |
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| Ranting Andy - Miles Franklin |
| $100 Silver, For Starters |
| Read the Friday Afternoon Wrap-Up for 5/17/2013 and the Monday Morning Commentary for 5/20/2013
Steve St. Angelo – a/k/a “SRSRocco”; is BY FAR, the best “nuts and bolts” mining analyst out there. Utilizing actual research – as I did as a buy- and sell-side equity analyst from 1996-2005 – he puts together the best forensic arguments for PM undervaluation in our world. And I’m not talking about the vast undervaluation caused by non-stop Cartel SUPPRESSION; but instead, calculations of the marginMonday, May 20, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning: May 20, 2013 |
| Gold Today - The gold pricecontinued to fall in New York to close at $1,354.70. In Asia on Monday morningthe gold price tried to drop another $15, but was then turned back above the$1,350 level in London. In London it Fixed at $1,353.75 down $23 on Friday andin the euro at ?1,051.947 down ?17, while the euro was slightly changed at ?1:$1.2869.Ahead of New York's opening it stood at$1,351.40 and in the euro at ?1,050.37. Silver Today - Silver closed at $21.54,in New York yesterday down 70 cents. Monday, May 20, 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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| 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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| Bullion Vault |
| Bullion Pension Funds "Selling Gold ETFs", Dollar Weakness Seen Offering "Only Hope" Short Term |
| GOLD PRICESfailed to hold a rally above$1380 per ounce in London on Friday morning, trading 5% down for the week as worldstock markets held steady.Both the Euro and British Pound also cuttheir mid-week rallies against the Dollar, holding gold prices at ?1070 and £904per ounce respectively.New data overnight showed Japanese machineorders leaping 14% in March from February, while China's leading economic indexrose slightly for last month.Eurozone construction output sank 8% in Marchfrom a year earFriday, May 17, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning: May 17, 2013 |
| Gold Today - The gold price continuedto fall in New York to close at $1,386.70. In Asia the gold price pulled backfurther to $1,376 ahead of London's opening today.In London it Fixed at $1,376.75 down $0.25 onyesterday and in the euro at ?1,069.15 down ?0.75, while the euro was muchweaker at ?1: $1.2877. Ahead of New York's opening it stood at $1,376.00 and inthe euro at ?1,068.99.Silver Today - Silver closed at $22.69,in New York yesterday up 16 cents. Ahead of New York's opening silver stood aFriday, May 17, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts |
| "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it."
Sir Eddie George, Bank of England, September 1999
I think we saw another such period of 'staring into the abyss,' and the Western central banks have reacted, and that reaction has continued, most likely to an excess. AnFriday, May 17, 2013 |
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| Jesse - Le Café Américain |
| The History of the Johnstown Flood: Audacious Oligarchy, Reckless Disregard |
| The history of the Johnstown Flood of 1889, at that time the worst natural disaster in the US as measured by loss of life, is little understood these days, but quite fascinating.
A group of about fifty wealthy 'robber barons' took over an old dam which had been used as a reservoir for a canal system, and used it to create a lake resort for their private pleasure. It served as a weekend retreat from the heat and noise of nearby Pittsburgh.
Prior to selling the dam to them, the owner, a ConThursday, May 16, 2013 |
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| Jesse - Le Café Américain |
| Let's File This Email About Greenspan and Replicating the Gold Standard Under 'Irony' |
| I found this little gem, and added it to my collection of reminders that Greenspan said that fiat money 'worked' because central bankers had learned to 'replicate' the gold standard through their policy actions. I had said 'emulate' but perhaps that was a quirk of memory.
This is from a publicly published note by Jude Wanniski titled Savings Glut.
From: Jude Wanniski < jwanniski@polyconomics.com
To: Ben.S.Bernanke@ * * * * *.GOV
Subject: Fwd: Re: Savings glut
5:44 pm, 7/21/2005
"GThursday, May 16, 2013 |
|
| Ranting Andy - Miles Franklin |
| Andy Hoffman with the Republic Broadcasting Network |
| Andy Hoffman joins the Republic Broadcasting Network once again to discuss the metals market and the current state of the economy. Click on the link below to download the full audio.
Republic Broadcasting Network – May 14 2013: Andy HoffmanThursday, May 16, 2013 |
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| Bullion Vault |
| Surge in Retail Gold Demand "Outweighed by ETF Selling" as Far East Premiums Hit New Hig |
| London Gold Market ReportGLOBAL GOLD prices fell further at the start of London trade on Thursday, hitting new 1-month lows beneath $1370 per ounce but leaving gold bars traded in East Asia at record-high premiums."[Western] investors appear to be tired of gold as a safe haven," says Mitsubishi analyst Jonathan Butler, quoted by Reuters, because "they anticipate the end of loose monetary policies, possibly by the end of this year or maybe early next year."With US consumer price inflation data duThursday, May 16, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
Gold & Silver Market Morning  |
| Gold Today - The gold price tumbled again in Asia after New York selling pushed the gold price down to $1,392.70 down $33 from New York ahead of London's opening today.In London it Fixed at $1,377.00 down $45.25 on yesterday and in the euro at ?1,070.01 down ?24.5, while the euro was much weaker at ?1: $1.2869. Ahead of New York's opening it stood at $1,376.20 and in the euro at ?1,068.93.Silver Today - Silver closed at $22.53, in New York yesterday down 83 cents. Ahead of New York's opening silThursday, May 16, 2013 |
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| Jesse - Le Café Américain |
| BBC: Bankers: Risking It All - Part II |
| If you live in the UK you may watch this online here.
Otherwise you may watch it below.
Here is a link to Part 1 - Fixing the SystemThursday, May 16, 2013 |
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| Jesse - Le Café Américain |
| SP 500 and NDX Futures Daily Charts - Back On Suffragette City |
| Hey man, I gotta straighten my face,
This mellow thighed chick just put my spine out of place.
Hey man, my schoolday's insane
Hey man, my work's down the drain
Hey man, well she's a total blam-blam...
Oh don't lean on me man, cause you can't afford the ticket
I'm back on Suffragette City...
Ohhh, Wham Bam Thank You Ma'am!
This mispricing of risk is going to leave a mark.
But you can't stop dancing while the music keeps playing.Thursday, May 16, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts |
| "Buying gold and silver is a vote of 'no confidence' on the financial system and the Fed."
If that is true, and considering that Bernanke is the Pelé of printing money, how could you NOT?
It's pretty clear how the BRICS are trying to cast their vote.
And how the Banks and their associates are trying to stuff the ballot box with paper.Thursday, May 16, 2013 |
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| Jesse - Le Café Américain |
| As a Reminder, the Fed Is NOT Printing Money |
| “So that the question is: Would there be any advantage, at this particular stage, in going back to the gold standard? And the answer is: I don't think so, because we're acting as though we were there.
So I think central banking, I believe, has learned the dangers of fiat money, and I think, as a consequence of that, we've behaved as though there are, indeed, real reserves underneath the system."
Alan Greenspan, 20 July 2005
Yes that's right. The Fed is NOT printing money.
It is 'retiring Thursday, May 16, 2013 |
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| Ranting Andy - Miles Franklin |
| Getting ‘Rich’ Or Avoiding Poverty? |
| Read the Wednesday After Wrap-Up for 5/15/2013 and the Thursday Morning Commentary for 5/16/2013
Watching the Silver Circlemovie, a key theme I have long written of was in full focus; as Pasha Roberts depicted what a hyperinflationary 2019 America might look like. That is, that PHYSICAL gold and silver are not purchased to “get rich”; but instead, to insure against the inevitable destruction of fiat currencies…
Research Shows ALL Paper Money Systems Failed
This is because the “HOLY GRAIL OF THEThursday, May 16, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - The gold price closed at $1,425.4 down $6 in New York yesterday.In Asia, gold weakened to $1,413 then in London it Fixed at $1,412.25 down $24.25 on yesterday and in the euro at ?1,094.513 down ?9, while the euro was much weaker at ?1: $1.2903. It then quickly fell to ?1: $1.2883. Ahead of New York's opening it stood at $1,411.55 and in the euro at ?1,095.67.Silver Today - Silver closed at $23.36, in New York yesterday down 24 cents. Ahead of New York's opening silver stood at $23.0Wednesday, May 15, 2013 |
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| Jesse - Le Café Américain |
| No Updates Tonight |
| I'll be back tomorrow.Wednesday, May 15, 2013 |
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| Ranting Andy - Miles Franklin |
| Killer Tax! |
| Read the Tuesday Afternoon Wrap-Up for 5/14/2013 and the Wednesday Morning Commentary for 5/15/2013
In the Bizarro World we live in, the day is ruled – for now – by MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA. Thus, the gross capital misallocations caused by four decades of central planning are exponentially worsening; care of “record stock prices,” largely ignored by the media and public…
Does a strong market mean a recovering economy?
In other words, the BLARING SIRENS of warning haveWednesday, May 15, 2013 |
|
| Ranting Andy - Miles Franklin |
| The Yen Bomb |
| Andy Hoffman further discussed the Yen Bomb in Japan with Rahul of AltInvestors. This is a particularly “hot blooded” podcast. Viewers beware:
Andy Hoffman- The Yen BombTuesday, May 14, 2013 |
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| Jesse - Le Café Américain |
| Currency Wars: Russia's Proposal for the Post-Bretton Woods II Global Financial System |
| "The great enemy of clear language is insincerity. When there is a gap between one's real and one's declared aims, one turns as it were instinctively to long words and exhausted idioms, like a cuttlefish spurting out ink.
In our age there is no such thing as 'keeping out of politics'. All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred, and schizophrenia.
When the general atmosphere is bad, language must suffer."
Eric Arthur Blair
The dollar reseTuesday, May 14, 2013 |
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| Ranting Andy - Miles Franklin |
| The Tapering of QE3 |
| The Fed’s new term for the withdrawal from Quantitative Easing: Tapering. What does it really mean? No outline has been presented for when and if they’re going to reduce bond purchases. Andy Hoffman joins Kerry Lutz of the Financial Survival Network to discuss “tapering.”
Ranting Andy Hoffman – The Tapering Of QE3Tuesday, May 14, 2013 |
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| Ben Traynor - Bullion Vault |
| Stronger Dollar Means Gold "Has Lost Safe Haven Appeal", But Sentiment "Has Turned Positive" in Indi |
| London Gold Market ReportSPOT GOLD fell towards three-week lows Tuesday, dropping as low as $1423 per ounce, as the Euro also fell against the Dollar after comments from those attending today's Eurozone finance ministers' meeting appeared to show disagreement over the creation of a banking union.Days after Germany's DAX index set a new record high, European stock markets extended yesterday's losses this morning."Due to US Dollar strength and record levels in European shares, gold has been losingTuesday, May 14, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - The gold price closed at $1,431.40 in New York yesterday.In Asia, gold recovered slightly to over $1,441 then in London it slipped to $1,434 until the Fix which was set at $1,436.50 up $6.75 on yesterday and in the euro at ?1,103.472 up only ?1 while the euro was much weaker at ?1: $1.3018. Ahead of New York's opening it stood at $1,429.00 and in the euro at ?1,102.96.Silver Today - Silver closed at $23.60, in New York yesterday the same as Friday last. Ahead of New York's opening sTuesday, May 14, 2013 |
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| Jesse - Le Café Américain |
| SP 500 and NDX Futures Daily Charts - Rally Tuesday |
| Today was rally Tuesday when the banks and funds decide to take stocks up.
Check out the results for the last few Tuesdays. This makes more sense for today's rally than anything else I have heard.
Be careful in challenging the technical when they are driven by hot money and abetted by lax regulation. We've been here before from 2004 to 2007.Tuesday, May 14, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - South Africa Imports $1 Billion In Gold Bullion From NYC? |
| The stories on the sidebar are interesting today. The last piece by Golem XIV about What Bankers Don't Know is a 'must read' in my opinion.
I was greatly amused to read that South Africa imported about a billion dollars in gold bullion from New York earlier this year, an amount large enough to turn their trade surplus into a deficit.
The reason given was that South Africa had problems in its mining sector because of union actions etc.
What is not stated is that it was cheaper for South AfricTuesday, May 14, 2013 |
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| Jesse - Le Café Américain |
| Greenspan: Role Of Central Bankers Is to Try to Replicate the Stability of the Gold Standard |
| Greenspan said on any number of occasions that his model was that a 'fiat currency' works when it emulates the rigor of the gold standard.
I am using this post as a placemarker to gather a few citations along these lines. Sometimes people doubt these things, and it is not always easy to go back and find the actual idea in print.
I will place other example here as I find them but it is not a high priority because Alan Greenspan has never deviated from this point of view. One of the most poigTuesday, May 14, 2013 |
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| Ranting Andy - Miles Franklin |
| Debt Ceiling ‘Suspension’ Expires May 19th |
| Read the Monday Afternoon Wrap-Up for 5/13/2013 and the Tuesday Morning Commentary for 5/14/2013
The old saying is that “things don’t matter – until they do”; which is EXACTLY what we’re dealing with in regards to the soaring, parabolic debt growth the ENTIRE WORLD has endured since Nixon closed the “gold window” in August 1971. Think I’m exaggerating? Then feast your eyes on this!
For those that think such a TOWERING EDIFICE is sustainable, think of how much interest is required to service Tuesday, May 14, 2013 |
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 | Perth Mint Blog - Perth Mint Blog. |
| Extremely Low Mintage Gold Bullion Coins |
| BULLION BARS AND COINS Here's an interesting insight into the rarest gold bullion coins from Series I and Series II of the Australian Lunar program. Launched in 1996, Series I ran until 2007 when production of all coin sizes ceased. Series II began in 2008 and final mintages have been declared for coins portraying the first five (of 12) designs. Rarest coins in each size Over the course of the program to date, Australian Lunar gold bullion coins have been offered in eight different sizes. MouseMonday, May 13, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - The pm Fix in London was set at $1,426.50, which was the lowest price of the day $16 in New York on Friday.In Asia, gold recovered slightly to over $1,431 where it held until the Fix which was set at $1,429.75 down another $19.50 on Friday and in the euro at ?1,102.522 down only ?11.50 while the euro was much weaker at ?1: $1.2968. Ahead of New York's opening it stood at $1,433.00 and in the euro at ?1,103.41.Silver Today - Silver closed at $23.60, in New York on Friday. Ahead of NeMonday, May 13, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - The pm Fix in London was set at $1,426.50, which was the lowest price of the day $16 in New York on Friday.In Asia, gold recovered slightly to over $1,431 where it held until the Fix which was set at $1,429.75 down another $19.50 on Friday and in the euro at ?1,102.522 down only ?11.50 while the euro was much weaker at ?1: $1.2968. Ahead of New York's opening it stood at $1,433.00 and in the euro at ?1,103.41.Silver Today - Silver closed at $23.60, in New York on Friday. Ahead of NeMonday, May 13, 2013 |
|
 | Charleston Voice |
| Stacking Silver Means Going Without but You Do It for Financial Independence |
| ...so you don't become dependent on others and 'bleed-out' on them.
You
don't want to be a burden to your family or friends and worst of all -
become a ward of the state, and lose all dignity. Any residual savings
upon your passing go to those that loved you. Being able to bequeath a
worth in paper banknotes grows ever more doubtful. Is stacking silver
selfish?Monday, May 13, 2013 |
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|
| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Brad DeLong: 'Bernanke Defines What the Market Is' |
| Brad DeLong, the Berkeley history of economics professor, said on Bloomberg TV today that Bernanke is 'the whale that can't be harpooned.'
And hedge funds missed an easy trade by not going along to get along by riding the rising markets. Those that are fading Bernanke are going to be overwhelmed by his power. So just follow the Fed's guidance, obey, and get rich.
As Brad says, and I quote, 'Bernanke defines what the market is.'
That is a fairly profound statement, containing certaiMonday, May 13, 2013 |
|
| Ranting Andy - Miles Franklin |
| NIRP VS. Gold, Part II |
| Read the Friday Afternoon Wrap-Up for 5/10/2013 and the Monday Morning Commentary for 5/13/2013
Last summer, yet another European crisis prompted short-term interest rates to plunge BELOW ZERO. Several nations even mandated short-term “NIRP” – or Negative Interest Rate Policy – to force investors to pull funds from banks and spend them; as discussed in my July 18, 2012 RANT, “NIRP VS. GOLD”
Two days later – on July 20th – the ECB printed €100 billion to (temporarily) bail out the Spanish bankinMonday, May 13, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - Gold closed in New York at $1,456.20 down $16 in New York yesterday.In Asia, gold remained at that level but in London it began to slide. It was Fixed at $1,449.25 down $20 on yesterday and in the euro at ?1,114.122 down only ?4 while the euro was much weaker at ?1: $1.3008 down ?0.0128. Ahead of New York's opening it stood at $1,432.00 and in the euro at ?1,102.34. Silver Today - Silver closed at $23.69 32 cents down, in New York yesterday. Ahead of New York's opening silver stood Friday, May 10, 2013 |
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| Ben Traynor - Bullion Vault |
| Gold "Could Retest $1322 Low", G7 Meeting "A Chance to Consider More Monetary Activism" |
| London Gold Market ReportSPOT MARKET gold bullion prices fell to two-week lows Friday, drifting lower towards $1440 an ounce during this morning's London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.Silver fell to $23.34 an ounce, while copper prices ticked higher."The risk [for gold] is a break through support [will] test the $1322 low," say technical analysts at bullion bank Scotia Mocatta, whFriday, May 10, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Acts of Desperation |
| "It is not at all uncommon for someone to arrive at a scene of brutality or injustice and, with a sympathetic murmur or heroic flourish, attack the victim."
Renata Adler
Intraday gold tagged the 50 percent retrace of its rally off the bottom, and then bounced back.
From everything I hear all these paper price declines are met by heavy physical buying. The jokers may have overplayed their hand.
The potential 'bull flag' is gold is very much intact. The rally from the bottom has now been retFriday, May 10, 2013 |
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| Ranting Andy - Miles Franklin |
| The Real Yen Bomb – Starts Now! |
| Read the Thursday Afternoon Wrap-Up for 5/9/2013 and Friday Morning Commentary for 5/10/2013
For years, I have written of the untenable predicament of the “Land of the Setting Sun.” Given the “DEMOGRAPHIC HELL” it faces as the WORLD’S OLDEST NATION; and the “HARI-KARI” policies of the Central bank that invented quantitative easing, it’s FATE has been sealed…
The world’s most expensive cities- 1. Tokyo, Japan
Japan’s population is EXACTLY ten years older than America’s; and thus, had its ineviFriday, May 10, 2013 |
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| Jesse - Le Café Américain |
| The Political and Social Continuum - What About the Outliers? Does Sin Exist? |
| As you may recall I have constructed this model to help me conceptualize the 'continuum' of political and social thought.
One of the motivations for this particular form was to help me to understand why those at the extremes can 'cross over' so easily from one to the other.
And in practice, the two extremes seem identical in many ways.
But I have struggled for some time where a sociopath or psychopath might fit in this scheme of things.
Today it struck me that sociopaths and psychopathsThursday, May 09, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - Gold closed in New York at $1,472.60 up $20 in New York yesterday.In Asia, gold remained at that level. London held it there and it was Fixed at $1,469.50 up $15.5 on yesterday and in the euro at ?1,118.681 up ?10 while the euro was at ?1: $1.3136. Ahead of New York's opening it stood at $1,472.55 and in the euro at ?1,120.36. Silver Today - Silver closed at $23.91 only 2 cents down, in New York yesterday. Ahead of New York's opening silver stood at $24.12.Gold (very short-term)The Thursday, May 09, 2013 |
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 | Mark O'Byrne - gold.ie |
| Press Release: GoldCore launches online gold trading to deal with huge increase in global demand for |
| GoldCore, an internationally recognised bullion dealer, has launched Ireland’s and the UK’s first online gold bullion trading and storage service. Using technology exclusively developed in Ireland, GoldCore customers can login to its Precious Metals trading platform and buy, sell and store gold bars and coins.
The PM trading platform was designed and built in response to customer requests for a trading solution to enable them to buy and sell bullion in multiple currencies in real time with the Thursday, May 09, 2013 |
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| Jesse - Le Café Américain |
| BBC2: Bankers Fixing the System |
| "In our time political speech and writing are largely the defense of the indefensible."
George Orwell
Libor scandal: Can we ever trust bankers again?
"In the five years since the crash that brought the world's economy to its knees, bankers have lurched from one crisis to another.
Scandal after scandal has raised questions about their pay, their values and their judgement and after the industry received billions in taxpayer bailouts, the public is in no mood to forgive and forget.
Like itThursday, May 09, 2013 |
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| Jesse - Le Café Américain |
| Chris Hedges: On a Windy Afternoon In Front of Goldman Sachs - Hunger Games |
| “All the animals, the plants, the minerals, even other kinds of men, are being broken and reassembled every day, to preserve an elite few who are the loudest to theorize on freedom, but the least free of all.
I can’t even give you hope that it will be different someday— that they’ll come out, and forget death, and lose their technology’s elaborate terror, and stop using every form of life without mercy to keep what haunts men down to a tolerable level— and be like you instead, simply here, siThursday, May 09, 2013 |
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| Jesse - Le Café Américain |
| SP 500 and NDX Futures Daily Charts - Excelsior |
| Congratulations to JP Morgan and Bank of America for their 'perfect' trading records in 1Q 13.
Perfect records in what is at least nominally an efficient market is a bit unusual. And it speaks volumes.
I read a justification at Economist's View yesterday for why stocks are not in a bubble. The primary thrust of the argument was to deflate the nominal SP 500 and compare it to its previous highs. That those highs were the peaks of grossly mispriced credit and risk bubbles apparently goes withThursday, May 09, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - The BRICs Are Restless and Demanding Change |
| Apparently the depressed prices in mining stocks have resulted in record insider buying in junior mining shares.
David Rosenberg thinks that:
"We currently are witnessing the Potemkin rally. For a quick background the phrase Potemkin villages was originally used to describe a fake village, built only to impress. According to the story, Russian minister Grigory Potemkin who led the Crimean military campaign erected fake settlements along the banks of the Dnieper River in order to fool Empress CThursday, May 09, 2013 |
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| Ranting Andy - Miles Franklin |
| America’s “Leaders” In Action |
| Read Wednesday Afternoon Wrap-Up for 5/8/2013 and the Thursday Morning Commentary for 5/9/2013
Let it be known, that on May 1st, 2013 – coincidentally, the date of the “PHYSICAL SILVER COUNTERATTACK” – the ENTIRE WORLD recognized what I have espoused for a decade – the Federal Reserve is CLUELESS! To wit, in its post-meeting announcement, the FOMC stated EXACTLY what I knew they would; they are continuing “QE4” indefinitely, as well as its’ ZIRP interest rate policy…
Fed Keeps Pedal to the MetaThursday, May 09, 2013 |
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 | Chris Powell - GATA |
| Martin Armstrong: GATA and gold and manipulations |
| Market analyst Martin Armstrong replied quickly tonight to your secretary/treasurer's commentary this afternoon criticizing his assertion that the disappearance of the U.S. gold reserve from Fort Knox would mean nothing:
http://www.gata.org/node/12543
Armstrong explains that he had not intended to include GATA with people who maintain that there is no gold in Fort Knox, and he concedes that he has not been following GATA's work. But he adds that he is familiar with manipulations in many markets Wednesday, May 08, 2013 |
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| Chris Powell - GATA |
| Shortages developing in large gold and silver bars too, Turk says |
| Shortages are developing not just in small gold and silver denominations but in the large bars that are the bulk of the monetary metals trade, 400-ounce gold bars and thousand-ounce silver bars, GoldMoney founder and GATA consultant James Turk tells King World News today.
Turk says: "If the central planners want to keep the precious metals at these low prices, to meet the demand for physical metal they will need to empty more metal from central bank vaults, or borrow metal from the exchange-tradWednesday, May 08, 2013 |
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| Chris Powell - GATA |
| What a 'bear market'! India's gold imports seen topping 100 tonnes for second month |
| By Prabhudatta Mishra
Bloomberg News
Wednesday, May 8, 2013
http://www.bloomberg.com/news/2013-05-08/gold-imports-by-india-seen-topp...
NEW DELHI -- Gold imports by India, the world's largest consumer, are set to exceed 100 metric tons for a second month in May as jewelers rush to beat central bank curbs on overseas bullion purchases by banks, a refiner said.
The biggest slump in gold prices in more than three decades on April 15 spurred banks, traders, and jewelers to import more than 100 tons Wednesday, May 08, 2013 |
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| Jesse - Le Café Américain |
| A Wildly Long Bet on Silver Made As the Futures Took the Price of the Metal Lower |
| About the time that spot silver was smacked lower by the action in the futures markets, some punter placed a rather hefty bet on well 'out-of-the-money' May 18 calls on AGQ, the ultra silver long ETF.
It *could* be a hedge on some silver short, but it is a rather hefty one given the strike and the timeframe.
Of course this is a pittance compared to the bets being made in the barely regulated and highly opaque derivatives markets.Wednesday, May 08, 2013 |
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| Ben Traynor - Bullion Vault |
| "Safe Haven Demand Lower" for Gold as Stock Markets Hit New Highs |
| London Gold Market ReportWHOLESALE market prices for buying gold climbed back above $1460 an ounce during Wednesday morning's London trading, in line with its range over the last week, as stocks gained and longer-dated US Treasuries dipped ahead of an auction of 10-year bonds later today.Silver climbed back above $23.90 an ounce, while copper also gained and oil prices fell.A day earlier, gold dipped as low as $1440 an ounce in Tuesday's US session before regaining some ground overnight."We beliWednesday, May 08, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - Gold closed in New York at $1,452.00 down $17.90 in New York yesterday.In Asia, gold recovered to $1,455. London held it there and it was Fixed at $1,454 down $9 on yesterday and in the euro at ?1,108.739 down ?10 while the euro was at ?1: $1.3114.00078. Ahead of New York's opening it stood at $1,464 and in the euro at ?1,115.68. Silver Today - Silver closed at $23.93, in New York yesterday. Ahead of New York's opening silver stood at $23.83 again.Gold (very short-term)The gold pricWednesday, May 08, 2013 |
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 | Dan Dontrose - The Fundamental View |
| Updating Silver |
| I meant to provide an update on silver yesterday and if you check my tweets, it was my top of the list. However, we got back in late from my son’s soccer training and I got occupied with helping my other son with a school assignment. In any event, I’ve updated my chart. Note two items, Since silver failed to confirm the first pennant, it did top at the 50% FIB and then fell back to where the 38.2% FIB acted as overhead resistance while building another pennant within the clearly defined beaWednesday, May 08, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Cap and Trade Redux - Gold Flowing From West to East |
| Pop higher but no breakout from the potential bull flag.
Silver lagged a bit.
Congratulations to JP Morgan and Bank of America, who both turned in 'perfect' trading records for the 1Q of this year. It pays to have friends in high places. And faithful retainers are even better.
The US markets are almost surreal. The Fed and its Bankers believe that they can set the price of everything, at will, no matter what, and without consequences. Just a push here and a pull there.
And that is a danWednesday, May 08, 2013 |
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| Jesse - Le Café Américain |
| A Rather Large Long Bet on Silver Made As the Futures Took the Price of the Metal Lower |
| About the time that spot silver was smacked lower by the action in the futures markets, some punter placed a rather hefty bet on a near term 'out-of-the-money' May 18 calls on AGQ, the ultra silver long ETF.
It was trading around 25.50 at the time.
It *could* be a hedge on some silver short, but it is a rather hefty one given the strike and the timeframe.
Of course this is a pittance compared to the bets being made in the barely regulated and highly opaque derivatives markets.Wednesday, May 08, 2013 |
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| Jesse - Le Café Américain |
| Divergence: HUI/GOLD Ratio Nearing 2001 Lows |
| As you know HUI is the 'gold bugs index' of mining companies.
As a sector the miners have been hammered.
This is quite a divergence.
The Gold/Silver Ratio is also at rather high levels.Wednesday, May 08, 2013 |
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| Jesse - Le Café Américain |
| SP 500 and NDX Futures Daily Charts - They Broke Out the Pom Poms Today |
| Someone describes this as 'the rally that everyone loves to hate.'
I think that is a euphemism for a cynically led rally with a very narrow participation that will head for the exits at the first whiff of trouble and take it down ten percent in a Manhattan minute.
And in the meantime, the cheerleaders are out on the financial networks, urging mom and pop to get in on their good thing. Some of them fill out their outfits better than others.
Don't get in front of it. But the steadily risingWednesday, May 08, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Cap and Trade Redux |
| Pop higher but no breakout from the potential bull flag.
Silver lagged a bit.
The US markets are almost surreal. The Fed and its Bankers believe that can set the price of everything, at will, no matter what.
And that is a dangerous self-delusion.
But it is consistent with a school of Modern Monetary Theory that says that value is what we say it is, and we can 'adjust' the markets at will and without consequences to make it so.
Well, let's see how it turns out this time. But as I haveWednesday, May 08, 2013 |
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| Ranting Andy - Miles Franklin |
| Bennie’s Worst Nightmare |
| In February 2006, Benjamin Bernanke took office as the U.S. Federal Reserve Chairman. A long-time disciple of the MONEY PRINTING KING – Alan Greenspan – he convinced himself the Great Depression could have been avoided with easier monetary policy. He even said so in the famous “helicopter speech” of 2002…
Deflation: Making Sure “It” Doesn’t Happen Here – November 2002
…and man, has he made good on his promise…
As Bennie approaches the end of his “reign of terror”; likely in January 2014, whenWednesday, May 08, 2013 |
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| Charleston Voice |
| The Next Escalation: Gold Goes 100% Initial Margin |
| Submitted by Tyler Durden on 05/02/2013
The day many have predicted would come, has finally arrived: 100% initial margin on gold.
For now it is just one Futures Commission Merchant, in this case ex-CBOT traders Crossland LLC (motto: “Where Speed And Service Matter”), but tomorrow it will be another, and another.
In a dramatic flashback to the torrid days of 2011, when the CME and other exchanges desperately tried to scare away the weak hands by raising initial and maintenance margins on pWednesday, May 08, 2013 |
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| Ranting Andy - Miles Franklin |
| The Illusion Is Slowly Shattering |
| The economy is horrible and getting more horrible by the day. The Fed said they’ll keep buying $85 billion in bonds per month unless they need to buy more or if they need to buy less. The odds are that they’ll be buying more not less. Bernanke keeps spewing Fed gobbledygook and no one seems to notice. However, the break between the paper and physical precious metals markets continues to widen, so someone, somewhere gets it. But certainly no one in a policy making position in the Western World coTuesday, May 07, 2013 |
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| Ben Traynor - Bullion Vault |
| ETF Selling "Key Downside Risk" as Gold "Struggles in Sideways Resistance Range" |
| London Gold Market ReportWHOLESALE gold market prices fell to $1460 an ounce Tuesday morning, around ten Dollars lower than where it closed last week, as the FTSE in London ticked higher following yesterday's UK bank holiday.Other European stock markets also edged higher, while the Euro gained against the Dollar immediately following the release of better-than-expected German factory orders data.Silver meantime fell below $23.70 an ounce, nearly 2% down on the week so far, while other industrialTuesday, May 07, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - Gold closed in New York at $1,469.90 up $0.70 in New York yesterday.In Asia, gold fell $11 to $1,458. London pulled it up to $1,464 before it Fixed at $1,463 and in the euro at ?1,118.673 while the euro was at ?1: $1.3078. Ahead of New York's opening it stood at $1,464 and in the euro at ?1,115.68. Silver Today - Silver closed at $24.00, in New York yesterday. Ahead of New York's opening silver stood at $23.83.Gold (very short-term)The gold price will continue to consolidate with a Tuesday, May 07, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - 'They Make a Desert, and Call It Peace' |
| "When in any country the small-farmer class is being squeezed off the land; when its labourers are slaves or serfs; when huge tracts are kept waste to minister to pleasure; when the shibboleth of art is on every man's lips, but ideas of true beauty in very few men's souls; when the business-sharper is the greatest man in the city, and lords it even in the law courts; when class-magistrates, bidding for high office, deal out justice according to the rank of the criminal; when exchanges are turnedTuesday, May 07, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Holding the Line |
| Universal degeneracy of the Government, and decay of the nation
Everywhere Rome was failing in her duties as mistress of the civilised world. Her own internal degeneracy was faithfully reflected in the abnegation of her imperial duties.
When in any country the small-farmer class is being squeezed off the land; when its labourers are slaves or serfs; when huge tracts are kept waste to minister to pleasure; when the shibboleth of art is on every man's lips, but ideas of true beauty in very fTuesday, May 07, 2013 |
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| Ranting Andy - Miles Franklin |
| Boston Martial Law |
| Read the Monday Afternoon Wrap-Up for 5/6/2013 and the Tuesday Morning Commentary for 5/7/2013
Now that several weeks have passed, it’s time to speak up. It’s supposedly a “sensitive subject”; but in REALITY, more so via PROPAGANDA than actual citizen “outrage”…
The Boston Marathon Bombing: If You Don’t Believe P.C. Propaganda Matters…
I’ve spent days proving to MYSELF that 9/11 was a “false flag” event; and as I wrote in “AMMUNITION SOLD OUT”-am reasonably confident of the same regarding NewtoTuesday, May 07, 2013 |
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| Jesse - Le Café Américain |
| SP 500 and NDX Futures Daily Charts - War? What Us Worry? |
| Here are two news items worth remembering when the next financial crisis hits:
Hedge Fund Leverage Hits All Time High
Algorithms Driving Over Half of London Metals Trading
I believe the Fed still controls the margin requirements for stock as the Big Daddy of US financial regulators, teaching all by its example.
The Bloomberg trotted out Jeremy Siegel who spotted a bubble in bonds, a bear market in commodities, and a stock market that is going to keep going higher, finishing the year on the DMonday, May 06, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Cap and Trade |
| There is not much economic news this week.
The metals markets sloughed off the attack by Israel on Syria over the weekend, as stocks rallied.
Everything is coming up roses for the first of the month.
I was intrigued to hear that hedge funds are now at new all time highs in leverage, and that over half the trading at the London Metals Exchange is being driven by algorithms.
Talk about a recipe for a fresh wave of market volatility.
Let's see how the rest of the week goes, especially the lattMonday, May 06, 2013 |
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| Ranting Andy - Miles Franklin |
| Destruction of the Machines |
| Read the Friday Afternoon Wrap-Up for 5/3/2013 and the Monday Morning Commentary for 5/6/2013
On May 6th, 2010 – three years ago, today – the Dow “flash crashed” by 1,000 points; much of it occurring in less than 30 minutes – before recovering to lose just 345 points…
While not close to the percentage losses of the 1987 crash; it, too was blamed on advanced COMPUTER programs that simultaneously “kicked in”; DESTROYING all semblance of market liquidity…
In 1987, such programs – euphemistically Monday, May 06, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - Gold closed in New York at $1,469.20 up $2.20 in New York on Friday.In Asia, gold rose further to $1,474. As London is closed today there is no Fixing. Ahead of New York's opening it stood at $1,476.05 and in the euro at ?1,126.41. Silver Today - Silver closed at $24.09 up 24 cents, in New York on Friday. Ahead of New York's opening silver stood at $24.20.Gold (very short-term)The gold price will continue to consolidate with a slightly weaker bias, in New York today. Silver (very shMonday, May 06, 2013 |
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| Perth Mint Blog - Perth Mint Blog. |
| Silver Basks In Golden Glow |
| PICTURE OF THE DAY A magnificent Gold Quintuple 5 Pound Sovereign from 1887 and a contemporary 10oz Perth Mint cast silver bar. Fabulous picture courtesy of Bullion Gallery.Monday, May 06, 2013 |
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| Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today - Gold closed in New York at $1,466.80 up $8 in New York yesterday.In Asia, rose further to $1,474. In London it Fixed at $1,476.50 up $20.50 and in the euro at ?1,124.952 up nearly ?19 with the euro at ?1: $1.3125 against the dollar. Ahead of New York's opening it stood at $1,478.30 and in the euro at ?1,126.62. Silver Today - Silver closed at $23.79 up 16 cents, in New York yesterday. Ahead of New York's opening silver stood at $24.17.Gold (very short-term)The gold price will continFriday, May 03, 2013 |
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