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| RATIOS & INDEXES |
| Gold / Silver | 62.10 |
| Gold / Oil | 14.84 |
| Dowjones / Gold | 11.01 |
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 | Articles related to Greece |  |
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 | Chris Martenson |
| Four Signs That We're Back in Dangerous Bubble Territory |
| As the global equity and bond markets grind ever higher, abundant signs exist that we are once again living through an asset bubble – or rather a whole series of bubbles in a variety of markets. This makes this period quite interesting, but also quite dangerous.
With equity and bond markets at or near all-time record highs, with all financial assets consistently shrugging off bad – or worse – news as the riskiest of assets continue to find consistent upward bids, we find ourselves in familiar anThursday, May 23, 2013 |
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 | Jesse - Le Café Américain |
 Marking the Field: US Stated Gold Reserves and Gold Held at the Fed - World Gold and Gold Swaps |
| The US Treasury says that it holds 261,499,000 fine troy ounces in its international reserves.
The gold is valued on the books at $42.2222 per fine troy ounce. This represents a total value of $11,041,063,078.
Since there are 32,150.7466 troy ounces in a tonne, the US Treasury has 8,133.53 tonnes of fine gold on its books. Note that the number as presented on a copy of the official US Treasury statement shown below includes 'gold swaps.'
A discussion of the procedures and nature of goldMonday, May 20, 2013 |
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 | Mish - Global Economic Analysis |
| Protests in Italy Against New Coalition; How Long Will Coalition Last? |
| The new coalition government in Italy is off to such a rocky start, it's hard to say there ever was a honeymoon.
People want more jobs. Instead, the price for a coalition by former Prime Minister Mario Silvio Berlusconi was a rollback in property taxes.
Here is the result: Thousands rally in Rome against cuts.
Thousands of protesters, led by trade unionists, have rallied in the Italian capital Rome against the policies of the new coalition government. Wielding red flags and placards, they uSaturday, May 18, 2013 |
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| Ben Traynor - Bullion Vault |
| Precious Metals Hit 3-Week Lows, ETFs "Could Sell Another 250 Tonnes of Gold" |
| London Gold Market ReportWHOLESALE gold bullion prices fell to three week lows around $1410 an ounce Wednesday, as European stock markets ticked higher, reversing earlier losses following disappointing Eurozone growth data.Gold in Euros fell as low as ?1094 an ounce, while gold in Sterling fell below £930 an ounce."Gold spot is approaching the support [level] of $1403 [an ounce]," say technical analysts at Societe Generale."There is no significant level of support between here and the low from AWednesday, May 15, 2013 |
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| Mish - Global Economic Analysis |
| Social Mood Darkens in Europe, Especially France, as Eurozone Economy in Freefall |
| A PEW study on European Attitudes shows social mood is darkening in the Eurozone, but especially in France.
The 78 page study "The New Sick Man of Europe: The European Union" is worth a look in entirety, but let's turn the spotlight on France.
France in Free Fall
The euro crisis first undermined France’s economy, and now there is strong evidence that it has severely eroded French public attitudes toward the economy, the European project and the country’s domestic leadership. Moreover, FranceTuesday, May 14, 2013 |
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 | John Browne - Euro Pacific Capital |
| Germany Under Pressure To Create Money |
| Currently, central banks around the world are walking in lock step down a dangerous path of money creation. Led by the Federal Reserve and the Bank of Japan, economic policy is driven by the idea that printed money can be the true basis of growth. The result is an unprecedented global orgy of currency creation. The only holdout to this open ended commitment has been the hard money bias of the German-dominated European Central Bank (ECB). However, growing political pressure from around the world,Thursday, May 09, 2013 |
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 | Mac Slavo - ShtfPlan |
| Forget Gold: Only Food, Tools and Resourcefulness Will Matter In a Mad Max Scenario |
| When we talk about Mad Max scenarios, we are talking about events where the world as we know it no longer exists. No banks, no credit cards, no grocery stores, no gas stations, and a landscape devoid of law & order.
It’s an outlier to be sure, but one that has been experienced by millions of people throughout history.
Worst case scenarios do happen. And when they do, the activities associated with the regular flow of commerce as we understand them today cease completely.
Historically, this has hWednesday, May 08, 2013 |
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| Mish - Global Economic Analysis |
Senior Eurozone Official: "As Spain Goes, So Goes Slovenia"  |
| The spotlight is once again on Slovenia. Olli Rehn, the European commission’s economic chief is unhappy with economic progress in Slovenia and is threatening to put the country into an "excessive imbalances procedure" by the end of the month.
The problem is, Spain is in a similar "excessive imbalance" state prompting an unnamed eurozone official to state "As Spain Goes, So Goes Slovenia".
Please consider Brussels trains its sights on Slovenia.
The European Commission is being pushed to take aMonday, May 06, 2013 |
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| John Browne - Euro Pacific Capital |
Gold Recovers Amidst Uncertainty  |
| The selloff in gold that captured the world's attention in mid-April has revealed some truths about how the market trades and the sentiments of many of the investors who have piled into the trade over the past few years. While the correction does highlight a higher degree of uncertainty than many of the most ardent gold advocates had anticipated, it does not represent the historic "end of an era" reversal that the many in the media have so gleefully suggested. In many ways, the market has shownFriday, May 03, 2013 |
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 | Peter Schiff - Euro Pacific Capital |
 The Great Gold Redemption  |
| The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk.The real story behind Cyprus' deal has much more profound ramifications - and they are positive for gold.The RigFriday, May 03, 2013 |
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 | Ranting Andy - Miles Franklin |
| End of Austerity |
| Read the Tuesday Afternoon Wrap-up for 4/30/2013 and the Wednesday Morning Commentary for 5/1/2013
Of all the words I never expected to be associated with finance, “austerity” is atop the list; particularly in today’s world of GLOBAL, UNFETTERED MONEY PRINTING.
Thus far, it has been associated principally with Europe; although comically, some try to term America’s budget sequestration in 2013 an “austerity” measure; when in fact, its measly $1 trillion of back-end loaded spending cuts over the nThursday, May 02, 2013 |
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 | Charleston Voice |
| International Gold Reserves by Country, Holdings by Central Bank (gold bullion percent, |
| This is all nice to know if the world can trust their politicobanker leaders. Glaringly missing is where are the governments that have been entrusted with the safe custody of this physical gold? [London, Canada and NY excused, of course] Can we please see the physical audits? Just a common courtesy to allay suspicions, of course. Thank you.
International Gold Holdings by Central Bank (countries)
Between 2013 and 2012 net additions made by Turkey +180.5, Russia +74.5, Korea +30
Saturday, April 27, 2013 |
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 | Philippe Herlin - GoldBroker |
| Is the Euro a Monster With Multiple Heads? |
| The euro is a really bizarre currency. For the first time ever in the history of money is ONE currency being managed by MANY central banks! Because when the European central bank (ECB) was created, it did not cause the national central banks to disappear or to be transformed in regional branches, it was rather superimposed on thFriday, April 26, 2013 |
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| Charleston Voice |
| The Real Face of the European Union - Traitors Within Your Gates - YouTube |
| Individual liberties and sovereignties can only be reclaimed by driving out your collaborative puppet politicians from your country's leadership. America's day to do the same will come and be too late for the masses here. There is no one left to come to your aid this time. Our enemies could never quell the patriot groups rebelling all at once. This was seen in the Greek resistance of WWII.
The Banking/Political oligarchy's goal is to become a NWO with patient gradualism - the same strategy implThursday, April 25, 2013 |
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 | The Gold Report |
| Can Equities Cushion the Blow of Falling Gold Prices?: Peter Rose |
| The Gold Report: Peter, can you give us your long-term view of the Eurozone as it lurches from bailout to bailout?
Peter Rose: Some major things have to happen in Europe and the sooner, the better. Unfortunately, I think it will get worse in the short term.
But from the mining industry perspective, these crises are bringing a lot of realism to certain governments. Greece has opposed mining, despite having quite good ore bodies, as do Portugal, Spain and Cyprus. Mining companies can generateMonday, April 22, 2013 |
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 | Mike Hewitt - Dollar Daze |
| Hyperinflation around the Globe |
| Angola (1991-1999)
Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.Friday, April 19, 2013 |
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 | Doug Casey - Casey Research |
| The Gold Crash Is Not What Either Bulls or Bears Are Telling You |
| Is there anyone investors can trust for rational commentary on gold's recent price meltdown?
(Interviewed by Louis James, Editor,International Speculator)
L: Doug, the news of the week is the big meltdown in the gold market. Some people are saying the bear is here to stay, and it's time to sell everything gold-related and look for greener pastures elsewhere.Friday, April 19, 2013 |
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| Mish - Global Economic Analysis |
| Deposit Leak in Southern Europe as Money Heads for Germany; Stress Indicators from Saxo |
| Steen Jakobsen, chief economist at Saxo Bank in Denmark has some interesting "stress" charts in this week's email.
click on any chart for sharper image
European Demand Deposits
Steen writes: "Europe’s depositors – mainly the weak Club Med states (Greece+ Portugal) continue to take money out of the country – even increasing the speed with which they do it."
Steen sarcastically added "Sure Mr. Draghi, the ECB has been a great success. The shown data is only including January as IMF data is aThursday, April 18, 2013 |
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