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| RATIOS & INDEXES |
| Gold / Silver | 60.98 |
| Gold / Oil | 14.18 |
| Dowjones / Gold | 11.33 |
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 | Articles related to Reality |  |
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 | Dan Dontrose - The Fundamental View |
 My Challenge To “Whistleblower” Andrew Maguire  |
| Readers of my blog have known for quite some time now that I grew increasingly agitated with the charlatans pumping the gold and silver price suppression memes over two years ago and have been quite vocal about it on many occasions. I want to be clear about this point before I continue. My beef isn’t with people who buy gold and silver or who feel that a portion of their portfolio should be devoted to gold or silver ownership. My beef isn’t with people that make well thought out arguments forTuesday, May 21, 2013 |
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 | James Howard Kunstler |
 The New Abnormal  |
| The collective state of mind in the USA these days may be even more peculiar than what went on in Germany in the early 1930s, when the Nazis were freely elected to lead the country and reconstructed the battered national psyche into a superman cult that soon beat a path to mass death and ruin. America has its own way of going crazy. We don't goose-step to tragedy; we coalesce into an insane clown posse and stumble into it by pratfall -- juggaloes dancing backwards off the cliff edge. We'veTuesday, May 21, 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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 | Clif Droke |
| When central banks buy stocks |
| The investment story of the year to date is the central bank-led financial market recovery. While everyone is aware of the impact the Fed's $85 billion-a-month asset purchases is having on stocks, few investors realize that central banks are making direct purchases of stocks. The implication of this new development is shocking. Bank of America stated that global central banks have cut rates an incredible 511 times since June 2007 in an effort at re-inflating the global economy. "Most centralSaturday, May 18, 2013 |
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 | Gary Dorsch - SirChartsAlot |
| How High can the US$ 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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 | FOFOA - FoFOA |
| Glimpsing the Hereafter 2 |
| In this, my 400th post, I will peer into the future, to the Freegold revaluation and beyond. But I do not have an actual crystal ball. All I have is logic and reason, and a little help from Another and FOA. So to quote FOA, "If you came with a notion that I am someone who sees the future, grab the children and run far away." But if you came bearing your own logic and reason, then perhaps you will find this post useful. :D
I will touch on a few topics that have been the subject of recent disSaturday, May 18, 2013 |
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 | Mish - Global Economic Analysis |
| How Clueless Are Manufacturing Future Expectations? |
| Month in and month out I see unwarranted optimism in Europe and in the US.
For example, on Thursday I stated "Philly Fed Slips Into Contraction (Again); Current Conditions Recessionary, Future Expectations Far Too Optimistic".
Here is the chart I posted:
That chart got me to wondering "just how wrong are future expectations historically?" The data is available, all one has to do is chart it.
I asked Doug Short at Advisor Perspectives if he could produce a chart of future expectations offseFriday, May 17, 2013 |
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| 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 |
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 | 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 |
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 | Julian D. W. Phillips - Gold Forecaster |
Gold & Silver Market Morning  |
| Gold Today - The gold price closed at $1,425.4 down $6 in New York yesterday.In Asia, gold weakened to $1,413 then in London it Fixed at $1,412.25 down $24.25 on yesterday and in the euro at ?1,094.513 down ?9, while the euro was much weaker at ?1: $1.2903. It then quickly fell to ?1: $1.2883. Ahead of New York's opening it stood at $1,411.55 and in the euro at ?1,095.67.Silver Today - Silver closed at $23.36, in New York yesterday down 24 cents. Ahead of New York's opening silver stood at $23.0Wednesday, 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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 | Philippe Herlin - GoldBroker |
| Interest Rates Manipulated to Hide Risks |
| By Philippe Herlin - Researcher in finance / Contributor to Goldbroker.com
After the LIBOR scandal, are we witnessing the ISDAfix scandal? This time it’s not about interbank lending rates, but rather about interest rates for swaps. It is estimated that the ISDAfix is active in a $380,000Billion market, just about the same size as LIBOR... and it appears that it, too, is manipulated! The Commodity Futures Trading Commission (CFTC) is enquiring on the matter.
Whether it’s LIBOR or ISDAfix, raTuesday, May 14, 2013 |
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 | Captain Hook - Treasure Chest |
| Battlefield Earth |
| No, this has nothing to do with the sci-fi movie. It has everything to do with real life however; life closer to home, because we are living in an increasingly hostile environment characterized by both increasingly difficult and dangerous times. The wars - wars on multiple levels - are coming closer and closer to home every day. And slowly but surely - one by one - increasing numbers of people are beginning to see it because it's starting to materially affect their lives. They are coming to theMonday, May 13, 2013 |
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 | 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 |
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| James Howard Kunstler |
| No Mo' PoMo? |
| Whenever the Federal Reserve wants to tweak the dials of the economy -- or pretend that it can -- it turns first to its sock puppet at The Wall Street Journal, John Hilsenrath, and "leaks" a rumor of policy change (here). They like to do this late on Fridays when financial markets are about to close, so that market players will have a whole weekend to ponder the Fed's actions like medieval viziers reading goat entrails. Last Friday's puddle of steaming guts was a supposed preview of the Fed'Monday, May 13, 2013 |
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| The Life Sciences Report |
| Position Yourself for Big Returns in the Stem Cell Space: Jason Kolbert |
| The Life Sciences Report: Jason, I enjoyed the RegenMed Investor Day conference on April 17 in New York City, which was sponsored by the Alliance for Regenerative Medicine (ARM) and co-hosted by your firm, the Maxim Group, with Burrill & Company and Piper Jaffray. The conference was clearly oversold, and there appeared to be roughly twice the number of people originally expected. Could that meeting have been an inflection point at which investors decided that the stem cell field is worth lookingFriday, May 10, 2013 |
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 | Adam Hamilton - Zealllc |
| SPX Topping Valuations |
| As the US stock markets keep on levitating, the bulls continue to rationalize this inexplicable melt-up by claiming stocks are still cheap.They use this as a justification to buy high.But is this true?Not by a long shot!Today the US stock markets are just as expensive in classic valuation terms as they were back in late 2007 when the last cyclical bull topped.That led to a brutal cyclical bear, the same risk faced today.When investors talk about stocks being cheap or expensive, they are referrinFriday, May 10, 2013 |
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| Clif Droke |
| How to spot (and avoid) market manipulation |
| We often hear investors complain of financial markets (and the gold market in particular) being "rigged" or manipulated. The sad yet somewhat humorous tale of Henry Gribbohm recently brought this accusation to life. The 30-year-old Gribbohm infamously lost his life savings of $2,600 on a carnival game in an attempt at winning an Xbox Kinect valued at $100. For his efforts, he walked away with a giant stuffed banana sans his $2,600 life savings.Gribbohm's tale is instructive if only because itFriday, May 10, 2013 |
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 | The Energy Report |
| Keith Schaefer Names the Last-Standing Shale Plays |
| The Energy Report: A number of experts say North American gas supply is peaking. Where do you weigh in? Keith Schaefer: During the last three years, the mantra has been, "Drill, baby, drill," for a number of reasons. The price of gas was never one of those reasons. Companies drilled because the technology kept improving. They drilled because they were able to get cheap foreign capital to partner in joint ventures. The market situation was not based upon economic "truth." It was based on securingThursday, May 09, 2013 |
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