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| RATIOS & INDEXES |
| Gold / Silver | 60.85 |
| Gold / Oil | 14.43 |
| Dowjones / Gold | 11.00 |
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 | Articles related to Russia |  |
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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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| 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' aSaturday, May 18, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Curiouser and Curiouser |
| "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
"The wicked encourage and give themselves the license to attempt and commit all manner of transgressions, seeing that the fruit which injustice yields is soon ripe, andSaturday, May 18, 2013 |
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| The Life Sciences Report |
| Two Biotech Ideas You May Have Missed: William Gregozeski |
| The Life Sciences Report: Bill, what industries do you follow?
William Gregozeski: I am a generalist, industry- and country-agnostic. I will look at any company listed anywhere in the world.
TLSR: I understand from your firm's website that your sellside research product was established to increase the number of companies that your asset management division could screen. Do you perform diligence on companies based on Mont Blanc's asset management needs, or do you screen companies based on what yoThursday, May 16, 2013 |
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 | Mike Maloney - Goldsilver |
| Could Cuba?s Past Be Your Future? |
| Could Cubas Past Be Your Future? By Jeff Thomas, International Man An article was published in Uruguay that has received little notice outside of Latin America. This article refers to Cuban dissident Yoani Sánchez, also little known in the First World. Ms. Sánchez has recently been allowed to travel outside of Cuba for the first time, as a result of the elimination of "exit visas." The requirement for exit visas was imposed in 1961 to stop Cubans who opposed the then-new Castro regime from beiThursday, May 16, 2013 |
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 | Mark O'Byrne - gold.ie |
| South Africa Imports $1 Billion of Unwrought Gold to Meet Global Demand |
| Today’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce.
Yesterday’s AM fix was USD 1,436.50, EUR 1,103.47 and GBP 938.15 per ounce.
Cross Currency Table – (Bloomberg)
Gold dropped $6.00 or -0.42% yesterday to $1,425.40/oz and silver finished - 1.02%.
On Tuesday 14th May, workers at Lonmin PLC, the world’s No. 3 platinum producer in South Africa began a wildcat strike. This caused immediate disruption of all mine production and led to concerns that South Africa was yet again Wednesday, May 15, 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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| 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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 | Jordan Roy Byrne - The Daily Gold |
| When Will Gold Bull Resume? |
| While Gold has seen a decent rebound, Silver and the mining shares (the more
speculative side of the complex) have failed to sustain any rebound despite
tremendously supportive sentiment amid an extreme oversold condition. Is the
failure to rebound bearish? Not really. This is a sector that is completely
sold out but there are yet to be enough buyers to generate a sustained rebound.
The combination of strength in conventional asset classes (stocks and bonds)
and poor performance overMonday, May 13, 2013 |
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 | Jeb Handwerger - GoldStockTrades |
Physical Gold-Silver Shortage Could Benefit Undervalued Miners  |
| When it looks as though things couldn't get worse for precious metal mining
equities (GDX), that may be just the time to buy for contrarians. Not only
are the junior miners (GDXJ) sloping to historic decade lows, but gold (GLD)
bullion which has held up considerably well in comparison has been hit hard
recently by short selling, bearish bank reports and margin calls.
Now after this recent decline there is a palpable sense of panic and fear
throughout the resource markets. This is the bMonday, May 13, 2013 |
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 | Deepcaster |
| Market Forecasts Nuggets |
| "After watching the effects of the mediocre payrolls number yesterday (Friday, 5/3/13) which culminated in a push over 1600 in the S&P 500 and a print in the Dow over 15,000, I thought it might be useful to note a few things about this most recent example of a hysteria. "I am on record here as stating that the entire stock market rally is nothing but a Federal Reserve induced bubble brought about by artificially low interest rates starving investors for yield elsewhere. The Fed, along with the BFriday, May 10, 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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 | Julian D. W. Phillips - Gold Forecaster |
Foreign Financial Reporting of U.S. Citizens Coming. Will it Include Gold?  |
| Commodity Futures Trading Commission New Regulations Reporting Overseas TransactionsSince the start of the credit crunch in mid-2007 we have seen a steady move forward by government to place greater control over the financial aspects of people's lives. One of the biggest milestones from an investor's point of view has been the establishment of the Foreign Account Tax Compliance Act (FATCA). This is consistent with the intentions expressed by President Obama that U.S. Citizen's financial successeWednesday, 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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