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| RATIOS & INDEXES |
| Gold / Silver | 63.27 |
| Gold / Oil | 13.97 |
| Dowjones / Gold | 11.14 |
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 | Articles related to commodities |  |
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 | Chris Powell - GATA |
| At the CFTC even Gensler is too much for the big banks |
| By Gregory Meyer
Financial Times, London
Tuesday, June 18, 2013
http://www.ft.com/intl/cms/s/0/c7e56bf4-d790-11e2-a26a-00144feab7de.html
In the past month bankers and lawyers from Citigroup, Goldman Sachs, and JPMorgan Chase have streamed into a dark brick Washington office building where the future of finance is being shaped.
The high-powered visitors to the home of the Commodity Futures Trading Commission testify to its rise from an obscure US government agency to a global watchdog of financiaWednesday, June 19, 2013 |
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 | Mish - Global Economic Analysis |
| Brazilian Currency Touches Four-Year Low Prompting Intervention; Currency Intervention Madness Displ |
| Bloomberg reports Brazilian Currency Touches Four-Year Low, Prompting Intervention
Brazil’s real touched a four-year low, prompting the central bank to intervene for a second straight day as a report showed higher-than-forecast inflation.
“If there’s more currency devaluation, there will be more inflation,” Jankiel Santos, the chief economist at Banco Espirito Santo de Investimento in Sao Paulo, said in a telephone interview. “On top of that, the IGP-M shows that wholesale prices are under pWednesday, June 19, 2013 |
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 | David Petch - Treasure Chest |
| Market Top Called to Within One Day by Contracting Fibonacci Spiral. |
| It is nearing two years since I first published an article describing a theory
titled "Contracting Fibonacci Spiral". For further information, simply Google "Contracting
Fibonacci Spiral" and a plethora of articles should be listed to provide a
more thorough description. Further to this, I published an article in the April
2013 issue of Technical Analysis of Stocks and Commodities (Submitted in October
2012) to attempt to bring more mainstream exposure to this concept.
In a nutshell, tTuesday, June 18, 2013 |
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| Ben Traynor - Bullion Vault |
| Gold, Silver Drift Lower, Gold Market "Has Seen Paradigm Shift in Investor Attitudes" Since April |
| London Gold Market ReportGOLD drifted to a one-week low below $1380 an ounce Tuesday morning, as silver dipped below $21.80 an ounce, with stocks and commodities broadly flat on the day ahead of tomorrow's US Federal Reserve decision, with analysts speculating on whether the Fed will give details of when and how it might slow down its quantitative easing program."The outlook for the gold price remains negative from a technical perspective," says Karen Jones, head of FICC technical analysis at CoTuesday, June 18, 2013 |
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 | Mark O'Byrne - gold.ie |
| Platinum 'Supply Squeeze' Likely To Lead to Record Prices |
| Platinum’s fundamentals look increasingly strong and platinum is an attractive diversification for bullion owners looking to further diversify the precious metals component of their investment and savings portfolio.
A record deficit in platinum supplies is set to push prices higher, as unrest sweeps the South African mining industry and demand is boosted by the auto sector and a new exchange traded fund (ETF), according to HSBC, as covered on CNBC (see Commentary).Tuesday, June 18, 2013 |
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 | Charleston Voice |
| Gold is being supplied by western governments |
| 2013-JUN-16
There has been considerable throughput of gold in western capital markets, with substantial buying from all round the world following the April price crash. The supply can only have come from two sources: the general public, or one or more governments. It really is that simple.
Two months later the gold price has only partially recovered, so physical supplies have continued to be made available. Physical demand cannot have been entirely satisfied by ETF liquidations, confirmiTuesday, June 18, 2013 |
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| Mish - Global Economic Analysis |
| Pettis on China, Europe, Japan: Bad News for Those Looking for Growth |
| Via email here is another update from Michael Pettis at China Financial Markets. What follows is from Michael Pettis.
Special points
Europe is attempting to resolve domestic imbalances by forcing them onto their trade partners. This will end badly, especially for Germany.
China’s new lending, exports, investment, housing starts and GDP growth all continued to slow in May. Many of the numbers came in well below market expectations.
This is par for the course. Although we may from time to timeTuesday, June 18, 2013 |
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| Ben Traynor - Bullion Vault |
| FOMC "The Big Driver for Precious metals this Week", Wall Street Betting Against Silver Price |
| London Gold Market ReportTHE U.S. DOLLAR gold price drifted back below $1390 an ounce Monday morning in London, but remained well within its trading range of the last few weeks, as European stock markets edged higher, with analysts citing Wednesday's Federal Open Market Committee decision on US monetary policy as "the big driver" for this week."On the whole, the market hopes for insightful comments in the course of the next Fed policy meeting...which will affect gold's further development as welMonday, June 17, 2013 |
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 | Keith Weiner - Keth Weiner |
| Theory of Interest and Prices in Paper Currency Part III (Credit) |
| In the gold standard, credit comes into existence when one party lends and another borrows. The lender is a saver who prefers earning interest to hoarding his gold. The borrower is an arbitrager who sees an opportunity to earn a net profit greater than the rate of interest.Monday, June 17, 2013 |
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 | Alasdair Macleod - Finance and Eco. |
Gold is being supplied by western governments  |
| There has been considerable throughput of gold in western capital markets, with substantial buying from all round the world following the April price crash. The supply can only have come from two sources: the general public, or one or more governments. It really is that simple. Two months later the gold price has only partially recovered, so physical supplies have continued to be made available. Physical demand cannot have been entirely satisfied by ETF liquidations, confirming governments are iMonday, June 17, 2013 |
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 | John Rubino - Dollar Collapse |
| Developing Crisis in the Developing World |
| Things have been a little erratic lately here in US, but not really headline-worthy.
The economy continues to grow, sort of, houses continue to sell and stock
and bond prices fluctuate but can't seem to follow through in either direction.
We are not, in short, engulfed in any kind of crisis.
But out in the world, especially in once-hot emerging markets like Brazil
and China, the story is very different. As Prudent Bear's Doug Noland explains
in his
most recent Credit Bubble BulSunday, June 16, 2013 |
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 | JW Jones - Options Trading Signal |
| While the Fed Parties, Gold and Oil Have Left the Building |
| Risk assets and financial markets around the world have been supported by
central bank action for several years. Performing financial alchemy on a scale
larger than has been seen in the history of mankind, central banks have hijacked
global financial markets. Mountains of liquidity, artificially low interest
rates, and the creation of future asset bubbles has been their calling card
for the past few years.
Unfortunately, time is starting to run out and these great Keynesian minds
areSaturday, June 15, 2013 |
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| Chris Powell - GATA |
| Mining exploration companies must mobilize to survive, new group says |
| Canadian junior mining companies, which do most of the resource exploration in the world, are being strangled by financial regulation and must mobilize to survive, a new organization says.
The organization, the Venture Company Association, says regulatory costs are rising while the mining industry's ability to raise capital is collapsing. The association says that more than 700 mining exploration companies registered in Canada probably cannot survive to the end of the year if they have to meet cFriday, June 14, 2013 |
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 | Bob Hoye - Institutional Advisors |
| Inflation Is Instantaneous |
| The financial mania climaxed as a complete bubble in 2007. Virtually, this replicated
the conclusion of all of the great bubbles since the first in 1720. As with
the 1929 and 1873 examples, its culmination was anticipated by the treasury
yield curve reversing from inverted to steepening. In 2007 this key reversal
counted out to that June and the curve reversed in that fateful May.
The features of the post-bubble contraction include severe recessions and
weak recoveries. This has, indeFriday, June 14, 2013 |
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| Ben Traynor - Bullion Vault |
| "Investors on the Sidelines" as Gold, Silver End "Week of Nothingness" Flat |
| WHOLESALEgold bullion prices continued to hover near $1380 an ounce Friday, while silver traded either side of $21.80 an ounce and stocks and commodities ticked higher, regaining some of the ground lost this week.Heading into the weekend, gold was trading almost exactly where it started the week by Friday lunchtime in London, with silver also little changed."It has been a week of nothingness and I doubt today will be a lot different," says this morning's bullion note from brokerage Marex SpectroFriday, June 14, 2013 |
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| Mark O'Byrne - gold.ie |
| HSBC’s Respected Steel Says Gold Over $1,600/oz In 2013 |
| Today’s AM fix was USD 1,379.75, EUR 1,035.54 and GBP 882.76 per ounce.
Yesterday’s AM fix was USD 1,386.25, EUR 1,039.71 and GBP 885.33 per ounce.
Gold fell $5.40 or 0.39% yesterday to $1,383.30/oz and silver and finished up 0.18%.
Gold is lower in most currencies today except sterling which has come under pressure.
Gold is lower in most major currencies again this week and very marginally lower in dollar terms – down 0.2% for the week. A lower weekly close would again be bearish technically anFriday, June 14, 2013 |
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 | Richard Mills - Ahead of the Herd |
| Global Cobalt |
| Most of the world’s cobalt is mined in Africa and the majority of Africa’s cobalt comes from the Democratic Republic of Congo. The DRC represented about 55 percent of global mine supply in 2012 and the country contains almost 50 percent of known worldwide cobalt reserves.
The DRC wants miners to process all their mined ore in the country to encourage more value-added production. On April 5th 2013, the government gave companies 90 days to clear stocks and halt exports of unrefined copper and cobFriday, June 14, 2013 |
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 | The Gold Report |
| Gold Has Stood the Test of Time: Michael and Chris Berry |
| The Gold Report: Mike and Chris, it's always a pleasure to talk with you. Thank you for joining us for this Father's Day edition. I want to start with that theme. Chris, what's the single most useful thing your father has taught you about investing?
Chris Berry: That's a difficult question to answer because so many things come to mind. I've been privileged to have learned about investing by following my father's career as a professor at a top-tier business school and then as a portfolio manageFriday, June 14, 2013 |
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 | Tim Iacono - Iacono Research |
| Visualizing Gold Demand In China |
| This report in China Daily the other day that included the stunning photos shown below offers another example of the sharp contrast between the “physical” gold market in Asia and the “paper” gold market here in the U.S.
There appear to have been hundreds of people lined up outside of a gold store in Jinan City in East China’s Shandong province on Tuesday, all there to buy gold at a discount.
Customers were limited to 15 minutes inside the store to make their purchases, what must have seemFriday, June 14, 2013 |
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 | Chris Vermeulen - GoldandOilGuy |
| Tis the Season to Look At Gold and Oil Prices! |
| The two most popular investments a few years ago have been dormant and out
of the spot light. But from looking at the price of both gold and oil charts
their time to shine may be closer than one may thing.
Seasonal charts allow us to look at what the average price for an investment
does during a specific time of the year. The gold and oil seasonal charts below
clearly show that we are entering a time which price tends to drift higher.
While these chart help with the overall bias of the mThursday, June 13, 2013 |
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