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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 Sovereign Debt |  |
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 | Deepcaster |
| Opportunities from Interventions |
| "The Fed wants to kill all signs of inflation to hide the damage they're doing to the middle class. First the Fed leaves food and energy out of the CPI, and then they get the Labor Department to lie about the figures. Their last trick -- smash the price of gold and silver. What are they going to do when the bond market (fearful of inflation) collapses? You can't fool all of the people all of the time.""Richard's Remarks," Richard RussellDowTheoryLetters.com, 05/20/2013"The CPI is manipulated, anSaturday, May 25, 2013 |
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 | Chris Martenson |
Four Signs That We're Back in Dangerous Bubble Territory  |
| As the global equity and bond markets grind ever higher, abundant signs exist that we are once again living through an asset bubble – or rather a whole series of bubbles in a variety of markets. This makes this period quite interesting, but also quite dangerous.
With equity and bond markets at or near all-time record highs, with all financial assets consistently shrugging off bad – or worse – news as the riskiest of assets continue to find consistent upward bids, we find ourselves in familiar anThursday, May 23, 2013 |
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 | Jeb Handwerger - GoldStockTrades |
| Gold, Silver and Miners: Powerful Reversal Off Multiyear Support |
| I wrote nearly a month ago that "The
Worse Things Were For The Mining Sector, The Better They Will Get". This
was after the first downward plunge in gold (GLD) and silver (SLV) in April
due to the Goldman short.
Now four weeks later, gold, silver and the miners (GDX) tested that April
low and even fell below it only to reverse higher than the previous day's selling.
Across the precious metals board, we witnessed bullish engulfing patterns.
We witnessed a similar reversal backWednesday, May 22, 2013 |
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 | Alasdair Macleod - Finance and Eco. |
| Bank balances and gold |
| There has been a growing shift in favour of assets relative to bank deposits. This was initially encouraged by zero interest rates, but more recently there is little doubt that Cyprus’s bail-in has accelerated the trend. This explains the bull markets in bonds and equities, which conveniently underwrites the entire banking system. It is however too early to offer evidence of falling deposit balances held by non-banks and the general public because depositors as a whole have been remarkably complMonday, May 20, 2013 |
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 | Jesse - Le Café Américain |
| The Bullish Case For Stocks (and a Commensurate 'Repricing of Risks' Caused By Fed Intervention) |
| Here is the 'bullish case for stocks' from Ralph Dillon at Global Financial Data, in quotes below. The chart is also from their site.
Calculating the Equity Risk Premium Tutorial is here.
Those of us who stood by and watched the Fed blow asset bubbles in financial paper and the housing market from 2003 to 2007, after the bubble in tech stocks from 1998 to 2001, are understandably appalled that the Fed has seen fit to follow essentially the same game plan again, matched by a lack of reform inTuesday, 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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 | 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 |
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 | Chris Powell - GATA |
 Ambrose Evans-Pritchard: Italy should use gold reserves to change EMU policy |
| By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 2, 2013
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100024392/it...
The World Gold Council has advised Italy to deploy its 2,000 tonnes of gold to break free of European Monetary Union austerity dictates.
By using the reserves -- the world's fourth largest -- to collateralise the first chunk of any losses for bondholders, Italy could raise E400 billion or so on the capital markets and determine its own future for a wFriday, May 03, 2013 |
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 | Peter Schiff - Euro Pacific Capital |
 The Great Gold Redemption |
| The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk.The real story behind Cyprus' deal has much more profound ramifications - and they are positive for gold.The RigFriday, May 03, 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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| Mish - Global Economic Analysis |
| Expect ECB to Cut Rates on Friday; Even a "Shock-and-Awe" Cut Won't Help One Bit |
| Eurozone inflation collapsed to 1.2% in the latest report, from an expected print of 1.6%. Given the ECB has an inflation target of 2%, rate cut calls range all the way from a cut of 25 basis points to a cut of 75 basis points.
With the current rate at .75%, a 75 basis point to 0% is very unlikely. A cut of 25 or 50 basis points is almost certain but even 50 basis points won't do much good.
Steen Jakobsen, chief economist at Saxo Bank writes via email:
Calls for cut in ECB rate by 25 bps fWednesday, May 01, 2013 |
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 | Jim Willie CB - Hat Trick Letter |
| Financial Treachery & Harsh Consequences |
| The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economiesWednesday, May 01, 2013 |
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 | Bud Conrad - Casey Research |
| Physical Gold vs. Paper Gold: The Ultimate Disconnect |
| How can we explain gold dropping into the $1,300 level in less than a week?
Here are some of the factors:
George Soros cut his fund holdings in the biggest gold ETF by 55% in the fourth quarter of 2012.
He was not alone: the gold holdings of GLD have contracted all year, down about 12.Saturday, April 27, 2013 |
|
 | Jeffrey Lewis |
| The Silver Market - The Same Thing All Over Again |
| The recent price drop in silver was severe, but not exactly like silver’s Black Thursday in 1980. It was different this time, but some aspects of the decline seemed the same.This time, a different demand character prevailed. Also, the overall level of market awareness and underlying sentiment was stronger.Awareness of the persistent value of precious metals is growing, though mainstream sentiment is chronically low and therefore true investment interest still seems a galaxy away. What has ChangeFriday, April 26, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Comex Option Expiration Tomorrow |
| "If you shut up truth and bury it under the ground, it will but grow, and gather to itself such explosive power that the day it bursts through it will knock down everything that stands in its way."
Émile Zola
Tomorrow is Comex Option Expiration for gold and silver.
On Friday the US will release its advance number for Q1 GDP growth. Estimates are around 3 percent with a range of from 2.8 to 3.2.
I would not wish to hazard a guess on the number as they are quite fluffy and it appeals that Thursday, April 25, 2013 |
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 | Jordan Roy Byrne - The Daily Gold |
| Gold Bears Suddenly Appear, More Emboldened than Ever |
| Congrats to the gold bears and stock bulls! After being slaughtered for the
majority of the last decade and more, they finally won a victory. Golf clap
for you gentlemen. Now you can have your day in the sun once again. US stocks
are at all-time highs and Gold sucks again! You won't have to listen to your
clients bitch and moan about how you ignored, avoided or were underweight
the bull market of our time. Time to crow!
I awoke on Monday to alink from
a subscriber. It was an edWednesday, April 24, 2013 |
|
 | Jan Skoyles - The Real Asset Co |
| The whole world is talking about gold |
| Here we take a look at how, despite calls that the gold bubble is finished, the whole world is still talking about buying gold.
Read any financial paper or website and they’ll tell you that the ‘gold-bubble’ is over. This opinion appears to be based solely on price and not much else.
When you look at short-term price action on its own then perhaps you can understand how they’ve reached this conclusion. Gold, across many countries, is down sinTuesday, April 23, 2013 |
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| Peter Schiff - Euro Pacific Capital |
| Japan Steps into the Void |
| In the years following the global financial crisis, economists and investors have gotten very comfortable with very high, and seemingly persistent, government debt. The nonchalance may be underpinned by the assumption that globally significant countries that can print their own currencies can't get trapped in a sovereign debt crisis. However, it now appears that Japan is preparing to put this confidence to the ultimate stress test.For the better part of 20 years, successive Japanese governmentsMonday, April 22, 2013 |
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 | James Turk - Goldmoney |
What’s next for gold?  |
| I have found over the span of my 45-year business career that very few axioms remain unchanged over time. What may have been considered as undeniable truths in one decade are often seen as pure folly in the next.
One axiom that does not change, however, is that the future is unknowable. No one can predict the future.
This reality places everyone in a difficult position. If we cannot predict the future, how can we possibly know how to best position our investment portfolios in order to getSaturday, April 20, 2013 |
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