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| RATIOS & INDEXES |
| Gold / Silver | 63.07 |
| Gold / Oil | 14.00 |
| Dowjones / Gold | 11.42 |
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 | Articles related to International Monetary Fund |  |
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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 gold Saturday, May 18, 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 |
| 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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 | Mish - Global Economic Analysis |
| S&P Predicts 20% Drop in Spain's Housing Prices Over Next 4 Years; Bad Bank to Dump Distressed Prope |
| Spain's "bad bank", Sareb to speed up distressed property sales in an ambitious new timetable for liquidation.
The bad bank is hoping to sell almost 42,000 housing units in the next five years. This is about half of the properties in its €50 billion (£42.5 billion approximately) portfolio.
However, falling house prices and a desire among buyers for modern properties in prime locations could hamper these plans for swift sale. Already the value of assets is being slashed by Sareb to clear theiThursday, May 02, 2013 |
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 | Chris Powell - Gata |
'Not one piece of evidence' that gold market is rigged? Really?  |
| For years your secretary/treasurer has been alerting the London Telegraph to documentation of the gold price suppression scheme and begging the newspaper to report it.
While the newspaper's brilliant international business editor, Ambrose Evans-Pritchard, has declined to get into the issue, he has acknowledged it from time to time.Monday, April 29, 2013 |
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 | Deepcaster |
| Profit, Protection, Despite Cartel Intervention ? April, 2013 Update |
| ?Then, when the Fed?s fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Street and that the threat of a Great Depression 2.0 was just a cover story for a panicked spree ofSaturday, April 27, 2013 |
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| Ben Traynor - Bullion Vault |
Gold Forecasts Split at $10,000 and $1000 as ETFs Sell, Central Banks Buy, Indian Dealer  |
| London Gold Market ReportWHOLESALE GOLD rose to an 8-session high just shy of $1450 per ounce in London trade Thursday morning, recovering 45% of this month's near-record slump.Asian stock markets also ticked higher, but European shares were flat while commodities extended their rally.Silver prices were unchanged for the week so far at $23.30 per ounce.Gold priced in Sterling fell £10 per ounce from an 8-session high of £946 as the Pound jump on news that the UK avoided recession growing just Friday, April 26, 2013 |
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| Mish - Global Economic Analysis |
| Is Australia Next in Competitive Currency Debasement? |
| Japan, the US, the UK, Switzerland, China, and even the EU with the LTRO (and upcoming hinted at rate cuts) are all in on competitive currency debasement.
The question at hand is "who is next?" How about Australia?
The Sydney Morning Herald reports RBA May Have to Cap Australian Dollar
Ross Garnaut, one of the authors of the float of the Australian dollar 30 years ago, warns that the Reserve Bank might have to consider intervening to push the currency down to minimise the recession he sees cFriday, April 19, 2013 |
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| Ben Traynor - Bullion Vault |
| Gold Traders "Still in Shock" After "Excessive Selloff" |
| WHOLESALE MARKET gold prices hovered around $1380 an ounce Wednesday morning in London, little changed from a day earlier, as European stocks continues to fall along with most commodities and US Treasuries gained.Silver hovered around $23.50 an ounce for most of the morning, also little changed from the previous day."In truth the gold market is still in shock," one London-based trader said this morning."A lot of damage has been done," agrees Dominic Schnider, head of comWednesday, April 17, 2013 |
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| Mish - Global Economic Analysis |
| Fools in Cyprus to Sell Gold, Hike Corporate Taxes to Finance Small Part of Bailout |
| Whether out of complete stupidity or pressure from the IMF or Brussels
(I suspect all three) Cyprus to sell around 400 mln euros worth of gold to partially fund its bailout.
Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed.
The draft assessment, obtained by Reuters, also said that Cyprus would raise 10.6 billion euros from the winding doThursday, April 11, 2013 |
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| Ben Traynor - Bullion Vault |
Soros Says Gold's Safe-Haven Status Is "Destroyed" as Small Speculators Slash Bullish Be  |
| The GOLD PRICE ticked lower against the US Dollar early Monday, but held onto the bulk of Friday's sharp rally at $1577 per ounce as world stock markets rose alongside commodities.Silver bullion traded at $27.30 per ounce, some 2.5% above last week's 9-month low, while both Sterling and the Euro extended their gains versus the US currency, pushing the gold price below £1030 and ?1215 per ounce respectively.Major-government bond prices eased back, but Portugal's 10-year bMonday, April 08, 2013 |
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 | The Gold Report |
| David Stockman: Welcome to Irrational Exuberance 2.0 |
| The Gold Report: David, your new book, "The Great Deformation: The Corruption of Capitalism in America," examines the roots of what you consider government's fiscal irresponsibility. As President Reagan's director of the Office of Management and Budget and a former U.S. congressman, what could have been done when you were in government that would have put a dent in the U.S. debt?
David Stockman: In the early 1980s, we did not recognize the danger of setting a precedent for running large, chroniThursday, April 04, 2013 |
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| Ben Traynor - Bullion Vault |
 Gold "Faces Headwinds if Economy Recovers", Increased Risk Appetite Reflected in "Red Ho |
| London Gold Market ReportFOLLOWING a sharp drop yesterday, the gold price traded near one-month lows Wednesday morning, hovering just above $1570 an ounce by lunchtime in London, as stock markets ticked lower following gains yesterday.Silver meantime climbed back above $27.30 an ounce, having fallen to an eight-month low below $27, while broader commodities also ticked lower.A day earlier, gold fell sharply at the start of Tuesday's US trading, continuing to trade lower when Asia opened on WedneWednesday, April 03, 2013 |
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 | Ron Paul |
| The Great Cyprus Bank Robbery |
| The dramatic recent events in Cyprus have highlighted the fundamental weakness
in the European banking system and the extreme fragility of fractional reserve
banking. Cypriot banks invested heavily in Greek sovereign debt, and last
summer's Greek debt restructuring resulted in losses equivalent to more than
25 percent of Cyprus' GDP. These banks then took their bad investments to
the government, demanding a bailout from an already beleaguered Cypriot treasury.
The government ofTuesday, April 02, 2013 |
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| Mish - Global Economic Analysis |
| Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons |
| The first rule of panic is simple: "Panic before everyone else does." With that rule in mind, the pertinent question at hand is also simple: "Should I panic now?"
For those in Europe, I offer an emphatic "Yes!" One is foolish at best to keep more than 100,000 euros in any European bank, especially any Southern European banks.
There is a clear and obvious "Rational Reason to Panic".
By "panic" I mean get your money out now, while you can, before everyone else does.
I am not the only one who tFriday, March 29, 2013 |
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