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| RATIOS & INDEXES |
| Gold / Silver | 61.99 |
| Gold / Oil | 14.77 |
| Dowjones / Gold | 11.04 |
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 | Articles related to Monetary Policy |  |
| |
 | Gabriel M. Mueller - Goldmoney |
| From paper reserves to gold reserves |
| In January of this year I published a piece on the “fair gold price” in order to demonstrate that, if one was to simply treat the gold of all international central banks as the world’s true, reserve currency – as history has held it as for over hundreds, if not thousands, of years – then a logical calculation would place the value of gold at an astonishing $10,617 an ounce. Compared to gold’s price of $1,675 back then, this was a significant revaluation.
The fair gold price can be calculated bySaturday, May 25, 2013 |
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 | Frank Shostak |
 Drowning in a Liquidity Trap?  |
| Bruce Bartlett recently lamented in The New York Times that given the current state of economic affairs we need more Keynesian medicine to fix the
US economy. According to Bartlett, the core insight of Keynesian economics is that there are very special economic circumstances in which the general rules
of economics don’t apply and are in fact counterproductive. This happens when interest rates and inflation rates are so low that monetary policy becomes
impotent; an increase in the money supply haSaturday, May 25, 2013 |
|
 | Florian Grummes - The Silver GoldSpot |
| Gold and Silver |
| Arguments for lower prices:
In April gold finally broke down from huge descending triangle and out
of 2 year sideways zone. The old support between US$1,520.00 and US$1,540.00
now is massive resistance. It will take more time to regain this level.
Still valid MACD sell signal on monthly chart
Gold still in well defined downtrend
If gold falls below monday´s low around US$1,340.00 we should see
a test of US1,320.00 followed by a break of theFriday, May 24, 2013 |
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| Bullion Vault |
| Bullion Rallies Despite "Losing US Fed Prop" as Stock Markets Sink on Weak China Data |
| BOTH gold and silver rose in Asian and London trade Thursday morning,defying a sharp slide in global stock markets to gain 3.0% rally fromyesterday's sharp sell-off. Commodity prices fell as major governmentbonds rose but weaker Eurozone debt slipped, pushing interest rates higher. Tokyo's Nikkei index - up by 85% fromNovember- dumped more than 7% after new data showed a surprise contraction inChina's manufacturing sector. Private "retail" investors have"abducted" the Japanese stock market, accoThursday, May 23, 2013 |
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 | Mark O'Byrne - gold.ie |
| Gold Up 1.5% As Stocks Globally Fall After Nikkei Crashes 7.3% |
| Today’s AM fix was USD 1,386.00, EUR 1,074.92 and GBP 919.16 per ounce.
Yesterday’s AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce.
Gold fell $10.20 or 0.74% yesterday to $1,367.60/oz and silver finished up 0.07%.
Gold is up today while stock indices globally are sharply down after the Nikkei crashed 7.3%. The stock crash in Japan is leading to weakness in European equities and will lead to losses when U.S. markets open.
Gold - 1 Day – (Bloomberg)
The Nikkei decline is beingThursday, May 23, 2013 |
|
 | Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning: May 23, 2013 |
| Gold Today - The gold price consolidation is becoming a fierce battle below $1,400 with New York closing around $1,367. But in Asia and particularly London the gold price was lifted above $1,393 to Fix in London's morning at $1,386.00 up $0.75 on yesterday's Fixing and in the euro at ?1,074.919 up ?5.5, while the euro was slightly changed at ?1: $1.2894 down 36 cents against the U.S. dollar.Ahead of New York's opening it stood at $1,389.00 and in the euro at ?1,077.87. Silver Today - Silver closThursday, May 23, 2013 |
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| Frank Shostak |
| Stable Prices, Unstable Markets |
| According to European Central Bank Governing Council member Ewald Nowotny, Federal Reserve Chairman Ben Bernanke sees no risk of inflation in the United
States. According to Nowotny, Bernanke had given a “very optimistic” portrayal of the US outlook.
“They see absolutely no danger of an expansion in inflation,” Nowotny said. Bernanke had said US inflation should be 1.3 percent this
year.
Fed forecasts put inflation by the end of this year in a range of 1.3 to 1.7 percent. The yearly rate ofThursday, May 23, 2013 |
|
 | Goldmoney |
| Fed exit strategy: the mother of all head fakes |
| “Exit strategy” is the current buzz phrase among market watchers, with the dollar rallying in recent days and weeks on expectations that all is well with the US economy again, and that the Fed can now start thinking about ways of selling assets and “exiting” from its current commitment to perpetual quantitative easing.
Given this growing narrative and the fact that US stocks continue to race higher, gold and silver remain under pressure – with a “sell the rallies” mentality continuing to predThursday, May 23, 2013 |
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| Bulllion Vault - Bullion Vault |
| Asian Gold Premiums Hit New Highs as Europe Urged to Start "Agressive QE" |
| London Gold Market ReportBULLION prices rose throughout Asian and early London trade on Wednesday morning, touching $1398 per ounce for the third time this week and recovering 4.4% from Monday's one-month low.Silver rose more steadily, and was capped below $22.80 as energy prices slipped and agricultural commodities held flat.Tuesday's retreat in the gold price today pushedgold barpremiums in Hong Kong to new record highs says Reuters, hitting $6 per ounce over and above international benchmark Wednesday, May 22, 2013 |
|
 | Mish - Global Economic Analysis |
 Bernanke's Semi-Annual Tap-Dance of Distortions, Half-truths, Lies, and Hypocrisy to U.S. Congress |
| Inquiring minds with extra time on their hands this morning are plodding through the Full Transcript of Bernanke's Testimony To Joint Economic Committee, U.S. Congress looking for the usual collection of half-truths, distortions, and outright lies it usually contains.
Here are some point-by-point statements by Bernanke with my comments immediately following each set of statements.
Bernanke: Conditions in the job market have shown some improvement recently. The unemployment rate, at 7.5 percentWednesday, May 22, 2013 |
|
 | Przemyslaw Radomski CFA - SunshineProfits |
| Important Breakout in the Dow to Gold Ratio and Its Implications for Gold |
| There are several indications that the currency war is heating up, the gloves are coming off and new players are piling into the barroom brawl. First, Australia unexpectedly cut interest rates, then both the Swedish and New Zealand central bank governors were making their moves. Way down under, New Zealand’s central bank last week acknowledging that it had intervened in foreign exchange markets to try to fight any further appreciation of the country’s currency, known as the kiwi. The New ZealandWednesday, May 22, 2013 |
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| Mish - Global Economic Analysis |
| Folly of Preserving the Euro at All Costs; Should France Lead Breakup of Euro? |
| The Local, a website with German news in English reports Economists warn against German euro exit.
“Even a believable rumour that Germany would exit the euro would result in a massive capital flight from the countries of southern Europe to Germany.”
The southern European banking system would then collapse, bringing down entire economies with them, Schmieding said.
The consequences for Germany would be severe. The crisis countries could no longer pay back their debt and Germany’s important exSunday, May 19, 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 theSaturday, May 18, 2013 |
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 | Mary Anne & Pamela Aden - Aden Forecast |
| A Wounded Bull |
| It's already been a month since gold fell almost $200 in two trading days.
This head-spinning drop damaged the bull market. It broke the back of a STRONG
market, but that doesn't necessarily mean the mega uptrend is over.
Our first potential downside target level for gold at the $1300 to $1450 level
was reached. And we could see gold decline further in the months ahead before
a bottom is found.
Down, But Not Out ...
As of the mid-April low, gold is down about 19% for the year. If golFriday, May 17, 2013 |
|
 | 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 |
|
 | 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 |
|
 | Andy Sutton |
| Irrational Exuberance Part II |
| Every so often the mainstream does get it right; they just don't realize it. Or maybe they do. There is an old saying that every lie has 90% truth otherwise nobody would believe it. The hysteria over the Dow's recent punch through the 15,000 level has everyone associated with stocks almost giddy. Or maybe totally giddy. Or maybe totally disconnected from reality. Take your pick. The article I'm going to dissect can be found easily by a quick search, but it really doesn't matter who wMonday, May 13, 2013 |
|
 | 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 |
|
 | Bob Hoye - Institutional Advisors |
| Like There is No Tomorrow |
| Signs Of The Times
"Fed Vice Chair, Janet Yellen, doesn't see 'Significant asset bubbles
that would threaten financial instability'."
- Bloomberg, April 16
"Extraordinarily loose monetary policy risks sparking credit bubbles
that threaten to tip the world back into financial crisis."
- IMF Warning, Financial Times, April 18
Financial bubbles are not new and the following quoteMonday, May 13, 2013 |
|
 | Jeffrey Nichols - Nichols on Gold |
| Monetary Policies Favorable for Gold-Price Recovery |
| Global financial markets will be taking their cues from U.S. Federal Reserve and European central bank policy meetings to be held by the Fed on Tuesday and Wednesday and by the European Central Bank (the ECB) on Thursday.
The consensus among economists who pay attention to these things suggests there won’t be any significant change in Fed policy . . . but, in contrast, there is a strong belief that the ECB will cut European interest rates from their already record low levels.
ECB Expectations
TMonday, May 13, 2013 |
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