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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 Money Supply |  |
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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 |
|
 | Charleston Voice |
| Using ShadowStats inflation statistics we’ll see that the 1980 peak of $850 equals $9,00 |
| For the sound money Doubting Thomases
valcambigold.com
MAY 17, 2013
1. relative Gold chart - gold divided by its own 200 dma The r-GOLD chart is gold divided by its own 200 dma. It has proven to be a reliable indicator in spotting major bottoms and tops for gold in the past 10 years. Recently the rGold chart bottomed out again and points towards new highs in 2013.
2. GOLD & Monthly closes since 1970
When experts claim gold to be in record high territories and therefore being in a bSaturday, May 25, 2013 |
|
 | Alasdair Macleod - Finance and Eco. |
| Gold market report: bullion banks going net-long |
| It has been an interesting week for gold. On Tuesday, open interest on Comex fell sharply by 6,961 contracts. The action was in the June contract which fell 12,072, only 3,000 of which appear to have been rolled into the next active month (August). The bulk of the fall in the June number must have been from bears closing their shorts ahead of Ben Bernanke’s testimony to Congress on Wednesday, but we can see from the numbers that the big bullion banks did not supply the stock (see below).
In theFriday, May 24, 2013 |
|
 | Mish - Global Economic Analysis |
| Japanese Bond Rout Continues; BoJ Vows to Curb Bond Turbulence; Curbing Turbulence is Theoretically |
| Curve Watchers Anonymous has been watching a major selloff in Japanese bonds. Here are a couple charts to consider.
10-Year Japanese Government Bond Yield
5-Year Japanese Government Bond Yield
Since March 4, the 5-year yield has gone from 0.1% to 0.43%. Although a mere .33 percentage points, the move represents a 330% percent rise in in yield.
One Month Changes
Charts courtesy of Bloomberg
Note: Those charts were snapshots taken last evening. This morning, yields have settled down, fThursday, May 23, 2013 |
|
 | Michael Pento - Delta Global Advisors |
| Why Tepper Should Fear the Taper |
| Billionaire hedge fund manager, David Tepper, made news this week when he
emphatically stated that investors have nothing at all to fear regarding the
eventual tapering off of Fed's $85 billion worth of monthly debt monetization.
His assertions were based on the fact that our annual deficit is shrinking
and would thus require less of Bernanke's money printing.
Besides the fact that the deficit for fiscal 2013 will still be about $500
billion higher than it was before the Great RecThursday, May 23, 2013 |
|
| 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 |
|
 | Clive Maund |
Gold Market Update  |
| For those of you who are short of time and are accustomed to scrolling down to the bottom of an article to read its conclusions I'm going to save you the trouble by putting the conclusions at the start: the broad US stock markets are approaching a parabolic blow off top and should be sold, and gold and silver are bottoming and should be bought. If you have fallen to the floor laughing at this suggestion it is a sign that you have been brainwashed by The Ministry of Disinformation and you are warWednesday, May 22, 2013 |
|
 | Steve Saville - Speculative Investor |
| Falling Prices Are Natural |
| The following isexcerpted from a commentary originally posted at www.speculative-investor.com on 16thMay 2013.The USgovernment usually admits to "price inflation" of about 2%/year. Asfar as we can tell, the actual rate is probably at least 5%/year, but no morethan 7%/year. Let's say 5%/year for the sake of argument. Considering what theFed has been doing on the monetary front, 5%/year still seems low. It'scertainly a long way from the hyperinflation that some gold and commodity bullsexpected toWednesday, 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 |
|
 | Antal E. Fekete - Gold University |
 Hyperinflation or Hyperdeflation? |
| The reason why QTM fails is that money is not one-dimensional. It is in fact two-dimensional. Quantity is one, and the velocity of circulation is the other dimension. Central banks control the former, and the market firmly controls the latter. As long as fair weather lasts, velocity may be ignored. But as soon as the weather grows foul, velocity returns with a vengeance. If it increases, we talk about inflation. If it decreases, we talk about deflation. In the extremeWednesday, May 22, 2013 |
|
 | 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 |
|
 | 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 isSaturday, May 18, 2013 |
|
 | Michael Kilbach - Investment Score |
| The Casino Vs. The Gambler |
| What gives you the upper hand or what is your "edge" in the financial markets?
If you don't know your "edge , then you don't have one and your odds are probably
more like those of a gambler in a casino. If you know your "edge" and you have
a slight, legitimate advantage over the rest of the market, then over time
you should make money. A casino has an "edge" over their customers and with
the odds in their favor they make money over time while the gambler, well...
gambles.
This articlFriday, May 17, 2013 |
|
 | Keith Weiner - Keth Weiner |
| Theory of Interest and Prices in Paper Currency Part II (Mechanics) |
| In Part I (http://keithweinereconomics.com/2013/04/22/theory-of-interest-and-prices-in-paper-currency-part-i-linearity/),
we looked at the concepts of nonlinearity, dynamics, multivariate, state,
and contiguity. We showed that whatever the relationship may be between prices
and the money supply in irredeemable paper currency, it is not a simple matter
of rising money supply → rising prices.
Here is a fitting footnote for Part I. I just bought a pair of Levis jeans
at Macy's for $4Thursday, May 16, 2013 |
|
| Hubert Moolman |
Silver Price Forecast: Silver and the Dow  |
| Silver Price Forecast: Silver and the Dow
The Dow making new highs is likely to be very good news for silver investors, because nominal silver peaks tend to come after significant nominal peaks in the Dow. These stock market rallies are driven by the expansion of the money supply, causing a big increase in value of paper assets (including stocks) relative to real assets.
When the increase in credit or the money supply has run its course, and is unable to drive paper price higher; value then fleThursday, May 16, 2013 |
|
 | 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 |
|
| Michael Pento - Delta Global Advisors |
| Bubbles Inflating Faster Than GDP |
| Global central banks have clearly demonstrated the ability to re-inflate stock
and real estate bubbles. Global stock markets are roaring ahead of their economies
and real estate prices are quickly rebounding from their recent collapse. However,
rock-bottom interest rates and massive money printing have yet to show an aptitude
for creating sustainable GDP growth.
There has been a lot of talk about a rebound in the equity and real estate
markets helped along by the Fed's free money. ThatMonday, May 13, 2013 |
|
| Keith Weiner |
| Theory of Interest and Prices in Paper Currency Part I (Linearity) |
| Under gold in a free market, the theory of the formation of the rate of interest
is straightforward.¹ The rate varies in the narrow range between the floor
at the marginal time preference, and the ceiling at the marginal productivity.
There is no positive feedback loop that causes it to skyrocket (as it did up
until 1981) and subsequently to spiral into the black hole of zero (as it is
doing now). It is stable.
In irredeemable paper currency, it is much more complicated. In this first
Monday, May 13, 2013 |
|
 | Mark O'Byrne - gold.ie |
| Abenomics Brings Currency Wars to G7 Talks |
| Today’s AM fix was USD 1,449.25, EUR 1,114.12 and GBP 941.62 per ounce.
Yesterday’s AM fix was USD 1,469.50, EUR 1,118.68 and GBP 944.59 per ounce.
Cross Currency Table – (Bloomberg)
Gold fell $16.40 or 1.11% yesterday to $1,456.20/oz and silver finished down 0.92%.
As the global economic slump continues central bankers, such as Mario Draghi, and politicians have vowed “to do whatever it takes” to get economies back on track. Such policies while having near term benefits are considered extreFriday, May 10, 2013 |
|
 | Mike Hewitt - Dollar Daze |
| America's Forgotten War Against the Central Banks |
| In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold.Friday, May 10, 2013 |
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