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| RATIOS & INDEXES |
| Gold / Silver | 61.11 |
| Gold / Oil | 14.16 |
| Dowjones / Gold | 11.29 |
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 | Articles related to Central Bank |  |
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 | Jesse - Le Café Américain |
| Paper Gold, Metal Gold - When Worlds Diverge |
| "Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."
London Banker, Lies, Damn Lies, and Libor
There are a number of ways to account for it, but this divergence between 'market prices' aFriday, May 17, 2013 |
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 | Adam Hamilton - Zealllc |
| SPX Topping Extremes |
| The levitating stock markets continue to seductively entrance traders, powering to new nominal record highs day after day after day. No one believes a meaningful selloff is even possible anymore, thanks to the vast deluge of central-bank monetary inflation. Sheer euphoria has set in as all perception of risk has vanished. This makes these stock markets extraordinarily dangerous, they are truly at topping extremes. As of Wednesday, the flagship S&P 500 stock indFriday, May 17, 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 tFriday, May 17, 2013 |
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 | Gary Dorsch - SirChartsAlot |
| How High can the US$ Fly versus Japan's Yen? |
| The Wise Sages of Ancient days used to say, "The fate of a Liar, is that nobody
believes him, - even when he's speaking the truth!" Such is the predicament
of Japan's propaganda artists, including the Prime Minister, the Finance minister,
and central bank chief, who are all trying to cover-up their boldest scheme
yet, to crush the value of the Japanese yen, against the currencies of its
major trading partners. On May 11th, the finance chiefs of the Group of Seven
(G-7) gave Tokyo theFriday, May 17, 2013 |
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 | Mark O'Byrne - gold.ie |
| Gold Wars: U.S. Undermining Iranian Currency By Blocking Gold Imports |
| Today’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce.
Yesterday’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $6.00 or -0.43% yesterday to $1,386.70/oz and silver finished +0.71%.
Nothing has changed regarding the positive fundamentals of the physical gold market.
All that has changed is that the price of gold is again lower due to the machinations of technical traders and speculators. Paper gold sales are agaFriday, May 17, 2013 |
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 | Mish - Global Economic Analysis |
| Hollande Asks ECB to Engage in Japanese Style Currency Debasement |
| French president Francois has had enough of austerity but claims he "cannot do it alone". The Financial Times reports François Hollande goes on ‘offensive’ over stalled EU economy.
François Hollande promised an “offensive” to bring “more growth and less austerity” to Europe as he launched a bid to resurrect his presidency.
Mr Hollande said the first priority of his second-year “offensive” was a four-point plan to “get Europe out of its torpor” – concentrating on combating youth unemployment aFriday, May 17, 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 |
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| Mark O'Byrne - gold.ie |
| Gold Demand Remains Strong As Buying Records Continue To Tumble |
| Today’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce.
Yesterday’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $32.70 or -2.29% yesterday to $1,392.70/oz and silver slid to $22.50 and finished - 3.55%.
There are no surprises in the latest World Gold Council Gold Demand Trends report other than the fact that statistics show global demand for gold in Q1 2013 was on the increase before the COMEX raid on April 15tThursday, 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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 | The Gold Report |
| Gold and Bitcoin: Currencies of the Future?James Turk |
| The Gold Report: James, from your perspective in Europe, is the region in as bad a financial crisis as it appears in the headlines here in the U.S.?
James Turk: Yes, it really is. However, Europe is a big place, and you have to look at the individual countries one by one to understand the situation. Generally speaking, the Mediterranean countries are in the worst shape. Germany has been in the best shape, although recent economic data indicate it may be falling into a recession again. France isWednesday, May 15, 2013 |
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 | John Rubino - Dollar Collapse |
 Preparing For Deflation  |
| Signs of a slowdown are spreading. Here in the US, despite all the happy talk
about rising stock prices and falling deficits and the imminent unwinding of
the Fed's debt-monetization program, today's numbers were ominous:
Producer
prices post big drop, factory activity weak
(Reuters) - U.S. producer prices recorded their largest drop in three years
in April as gasoline and food costs tumbled, pointing to weak inflation pressures
that should give the Federal Reserve latitWednesday, May 15, 2013 |
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| Mark O'Byrne - gold.ie |
| European Union Likely to ‘Bail In’ Large Depositors |
| Today’s AM fix was USD 1,436.50, EUR 1,103.47 and GBP 938.15 per ounce.
Yesterday’s AM fix was USD 1,429.75, EUR 1,102.52 and GBP 931.19 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $11.90 or -0.82% yesterday to $1,431.40/oz and silver finished -0.8%.
The European Union will today meet to discuss and move forward the proposal to ‘bail-in’ depositors with savings of over €100,000 as part of future bank wind-downs. It now looks likely that the EU is going to take unprecedented stepTuesday, 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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 | 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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| John Rubino - Dollar Collapse |
| Welcome to the Currency War, Part 9: What's Wrong With These Picture |
| Japan's currency devaluation has worked beautifully. The yen is plunging,
Japanese stocks are soaring, and the current account surplus -- the main measure
of a country's ability to trade effectively -- is way up:
Japan
Current-Account Surplus Climbs as Abenomics Sinks Yen
Japan's current-account surplus rose in March to the highest level in a
year as a depreciating yen boosted repatriated earnings and brightened
the outlook for the nation's exports. The exTuesday, 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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 | 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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 | Philippe Herlin - GoldBroker |
| Interest Rates Manipulated to Hide Risks |
| By Philippe Herlin - Researcher in finance / Contributor to Goldbroker.com
After the LIBOR scandal, are we witnessing the ISDAfix scandal? This time it’s not about interbank lending rates, but rather about interest rates for swaps. It is estimated that the ISDAfix is active in a $380,000Billion market, just about the same size as LIBOR... and it appears that it, too, is manipulated! The Commodity Futures Trading Commission (CFTC) is enquiring on the matter.
Whether it’s LIBOR or ISDAfix, raTuesday, May 14, 2013 |
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