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| RATIOS & INDEXES |
| Gold / Silver | 63.12 |
| Gold / Oil | 13.90 |
| Dowjones / Gold | 11.19 |
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 | Articles related to Rating Agencies |  |
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 | Ranting Andy - Miles Franklin |
| S&P Hits a New All-Time Low |
| Read the Tuesday Afternoon Wrap-Up for 6/11/2013 and the Wednesday Morning Commentary for 6/12/2013
I could write a book on the CRIMINAL conflict of interest inherent in the rating agency “racket”; but in fact, have already done so numerous times. In a nutshell, rating agencies are compensated by “clients” that hire them to issue reports…
Berkshire’s Moody’s Stake No Conflict, Buffett says
…and thus, why ANYONE would believe a word they write is beyond me. All three of the major rating agencieThursday, June 13, 2013 |
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 | Jeffrey Nichols - Nichols on Gold |
| Fed Speak: Implications for Gold |
| This week’s gold-price action reflects a market once again range bound, searching for direction in an uncertain economic environment. For sure, the risks of further gold-price retreat remain high. Much depends on the market’s sense of prospective Federal Reserve policies.
This Wednesday the financial markets will be listening carefully to the latest Fed speak on monetary policy and the economy for clues.
First off, the FMOC will be releasing the minutes of its April policy-setting meeting — alTuesday, May 21, 2013 |
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| Ranting Andy - Miles Franklin |
| Debt Ceiling ‘Suspension’ Expires May 19th |
| Read the Monday Afternoon Wrap-Up for 5/13/2013 and the Tuesday Morning Commentary for 5/14/2013
The old saying is that “things don’t matter – until they do”; which is EXACTLY what we’re dealing with in regards to the soaring, parabolic debt growth the ENTIRE WORLD has endured since Nixon closed the “gold window” in August 1971. Think I’m exaggerating? Then feast your eyes on this!
For those that think such a TOWERING EDIFICE is sustainable, think of how much interest is required to service Tuesday, May 14, 2013 |
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 | Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts |
| Gold hit an important overhead resistance level and back off of it today, although it did hold its ground.
Silver is hanging on the 23 dollar level.
Intraday commentary on the rating agencies here.
AAPL reports after the bell.
GDP Advance number for the 1Q on Friday.Wednesday, April 24, 2013 |
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 | Mish - Global Economic Analysis |
 Can We Fix What's Wrong With Banking? |
| I was asked a few days ago by Zócalo Public Square, a not-for-profit daily Ideas Exchange, to contribute a brief comment to coincide with their upcoming event "Can We Fix What's Wrong With Banking?"
I was specifically asked to address the question "should we have bailed out the banks?" Here is my response:
No, we should not have bailed them out. That’s the easy question.
Now that we have bailed them out, however, here’s the important question: "Will we fix what’s wrong with banking before theSaturday, March 16, 2013 |
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 | Tim Iacono - Iacono Research |
| The Obvious Solution to the Nation’s Sequester Problem |
| After reading in the Fed meeting minutes the other day that some members of the central bank are having second thoughts about their ongoing $85 billion per month money printing program, it occurred to me that, since Congress has an $85 billion per year “sequester” problem, maybe these two should work together.
Maybe the Fed should stop buying mortgage-backed securities and long-dated Treasuries just for one month and, instead, have that newly printed money directed to the parts of government thaSaturday, February 23, 2013 |
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 | Chris Powell - GATA |
| India's central bank keeps scheming to push people out of real metal and into imaginary |
| - The Reserve Bank of India could limit gold imports by banks in "extreme circumstances," the bank said on Wednesday as it put forward measures to help the world's biggest consumer of gold rein in purchases and battle a record-high current account deficit.
India, which imported about 750 tonnes of gold last year with 60 percent ofMonday, February 11, 2013 |
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 | Peter Schiff - Euro Pacific Capital |
Messing with the Bull  |
| With the announcement this week of its massive $5 billion lawsuit against ratings agency Standard & Poor's, the Federal Government took a bold step to squelch any remaining independence of thought or action in the financial services industry. Given the circumstances and timing of the suit, can there be any doubt that S&P is paying the price for the August 2011 removal of its AAA rating on U.S. Treasury debt? In retaliation for the unpardonable sin of questioning the U.S. Treasury's credit worthiMonday, February 11, 2013 |
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 | Philippe Herlin - GoldBroker |
| The SEC Going Against Freedom of Speech |
| The three principal rating agencies in the world, Standard & Poor’s, Moody’s and Fitch, are well known. But another one has garnered some attention recently...how ? By having more insight, or less fear, than the others. It has downgraded the United States one month before S & P, France before others, and Germany, the last AAA of this historictrio : we’re talking about Egan Jones.Friday, February 01, 2013 |
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 | The Gold Report |
| Michael Fowler: The New Strategy for Adding Value to Junior/Midtier Gold (Hint: It's Not |
| The Gold Report: Michael, in August you said $2,000/ounce (oz) gold would push up equity prices in 2013. Are you still of that mindset?
Michael Fowler: Yes, although it has taken longer than I expected. The U.S. dollar price of gold was up 6.2% in 2012, but the real increases in the gold price took place in other currencies. For example, in 2012 gold was up about 15% in the euro. The strengthening U.S. economy has been a headwind to gold. I remain bullish on gold and am keeping my $2,000/oz aveThursday, January 31, 2013 |
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 | Bud Conrad - Casey Research |
| The Fiscal Cliff Was A Wasted Opportunity |
| The label "the fiscal cliff" evoked the fear that something terrible was about
to happen if the previously legislated spending cuts and tax increases came
into effect. From my point of view, our nation's deficits and debt are growing
at an alarming rate and need to be cut back. The reason these laws were enacted
was to offer markets some hope that we would eventually work toward eliminating
our serious deficits. But the prevailing opinion that such drastic decreases
in our deficit woSaturday, January 26, 2013 |
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| Ben Traynor - Bullion Vault |
| German Gold Story Distracts from Supply & Demand Data, $1900 Forecast by July |
| London Gold Market ReportDOLLAR gold prices were little changed in London on Thursday morning, holding above $1682 per ounce as world stock markets, commodities and bonds were little changed.Silver also held in its tight 2-day range, trading just shy of $31.50 per ounce.Priced in Euros, the gold price edged 0.5% lower as the single currency rose."Amazingly," says Thursday's note from the commodity team at Commerzbank in Frankfurt, "the German Bundesbank's [statement on] the future storage of itsSaturday, January 19, 2013 |
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 | Jim Willie CB - Hat Trick Letter |
 The Coming Isolation of USDollar  |
| The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process.Saturday, January 05, 2013 |
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 | Goldmoney |
| Apocalyptic mood in the gold and silver pit |
| Many market watchers are scratching their heads looking at the precious metals charts of the last trading days. Despite the fiscal cliff and possible downgrades of rating agencies looming over the US, and the Fed's announcement that it is going to bemonetising debt at a rate of 1 trillion US dollars a year, gold just marked a new three-month low, falling below support at $1,700 and trading all the way down to $1,660 on Tuesday.Friday, December 21, 2012 |
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| Mish |
| Italy Seeks Charges Against Rating Agencies for Downgrade of Italian Debt; Courts Go Nuts Again |
| Iamstillshakingmyhead over the insane verdict lastmonth inwhich SixItalianScientistsConvictedbecausetheyfailed topredict anearthquake.
Sixscientists and agovernment officialweresentenced to sixyears in prison formanslaughter by anItalian court onMonday forfailing togiveadequate warning of anearthquakethatkilled morethan 300 people in L'Aquilain 2009.Wednesday, November 14, 2012 |
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| Peter Schiff - Euro Pacific Capital |
| Extend and Pretend |
| Now that President Obama has been re-elected, the media is finally free to focus on something besides the clueless undecided voters in Ohio, Florida, and Colorado. The brightest and shiniest object that has attracted its attention is the "fiscal cliff" that we are expected to drive over at the end of the year unless Congress and the President can agree to turn the wheel or apply the brakes.Monday, November 12, 2012 |
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