How the Fed’s Bubbles Slaughter the Middle Class

by Michael Pento, Mises:

When central bankers dedicate their existence to re-inflating asset bubbles, it shouldn’t at all be a surprise to investors that they eventually achieve success. Ben Bernanke has aggressively attempted to prop up the real estate and equity markets since 2008. His efforts to increase the broader money supply and create inflation have finally supported home prices, sent the Dow Jones Industrial average to a record nominal high and [...]

Why Are Central Banks Buying Gold?

by Phoenix Capital Research

 

Anyone who wants to get to the truth behind the inflationary threats to their wealth should ignore everything the Central Banks say about inflation and look instead at their actions.

Worldwide gold demand in 2012 was another record high of $236.4 billion in the World Gold Council’s latest report. This was up 6% in value terms in the fourth quarter to $66.2 billion, the highest fourth quarter on [...]

U.S., Japan, & The Eurozone Are Headed Down The Road To Serfdom/Fruitdom While Central Banks Are Creating A Pervasive Poverty Effect

Michael Pento: Why, If You Think About It, We’re All Screwed

“It is sad to say there are just two reasons why the U.S. is not yet a banana republic.  The first reason is that the US dollar has not yet lost its world’s reserve currency status, which is helping to keep interest rates at record low levels.  If the dollar, yen and euro were not involved in a currency war, the [...]

Peter Schiff & Marc Faber: The Real Fiscal Cliff Is Dollar Crisis! Buy Gold! Buy Silver! Own Real Things!!! We Have So Much Manipulation. It’s Money Printing Versus Weaker Corporate Earnings!

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Peter Schiff 2012 – Buy Gold! Buy Silver! Own Real Things!!!

 

FABER: ‘Mr. Obama Is A Disaster For The United States’

 

Faber annihilates the Deficit President.

“It’s difficult to tell where the market will go from here because we have so much manipulation.  It’s money printing versus weaker corporate earnings.”

“I’m surprised.  On the re-election of Mr. Obama, I would have thought the market should be down at least 50%.  Mr. Obama is a disaster for business, [...]

LBMA: Chairman Says Chinese Gold Allocation To Rise; SGE To Launch Interbank Market

by GoldCore Gold Bullion

Today’s AM fix was USD 1,735.75, EUR 1,365.44, and GBP 1,091.39 per ounce.
Friday’s AM fix was USD 1,732.75, EUR 1,362.23, and GBP 1,085.55 per ounce.

Silver is trading at $32.65/oz, €25.80/oz and £20.65/oz. Platinum is trading at $1,570.00/oz, palladium at $610.60/oz and rhodium at $1,090/oz.

Gold Price Fixes/Rates Volumes – (Bloomberg)

Gold fell $1.80 or 0.10% in New York on Friday and closed at $1,731.00. Silver hit a low of [...]

Gold weighed down by strong Dollar but central bank buying supports

NEW YORK (Commodity Online): The FOMC meeting last week was largely a non-event for precious metals, offering no additional hints on the possibility of another round of QE. However, policymakers maintained their call for ‘exceptionally low levels for the federal funds rate at least through late 2014.’.

 

-Gold is trading a tight range, constrained by the conflicting forces of surging global liquidity and Eurozone sovereign troubles on one side and a strong [...]

Steve Mandel Rejoins The Gold Party; World Gold Council Chimes In

by ZH

Following the barrage of 13Fs released two days ago, another hedge fund that has eventually found its way to the one undilutable currency is Steve Mandel’s Lone Pine. His thoughts on the matter need no commentary: ‘We re-established a position in gold during the quarter. Although we certainly have misgivings about an asset that does not produce cash, it seems very likely that developed market governments will try to inflate away [...]

Unreported Bedlam In Treasuries Signals Massive Panic

Courtesy of Lee Adler of the Wall Street Examiner

The following is an extended excerpt from the Wall Street Examiner Professional Edition weekly Treasury update.

Last week was a light auction week with a net of just $3 billion in new supply settling on Thursday. That took the pressure off stock and bond prices. The fact that neither market could mount a sustained rally suggests that markets are weak. Stocks and bonds gyrated [...]

Gold RUSH: Another country’s central bank is buying up massive amounts of gold

From Bloomberg:

The Bank of Korea, which controls the world’s eighth-biggest foreign-exchange reserves, boosted gold holdings for the second time this year as investors sought safer assets amid Europe’s debt crisis.

The central bank bought 15 metric tons last month, boosting holdings to 54.4 tons, which is equivalent to 0.7 percent of its total reserves, Lee Jung, head of the investment strategy team at the bank’s Reserve Management Group, told reporters in [...]

GLOBAL ECONOMY PUSHED TO BRINK

From FT:

Time is running out to find a solution to the eurozone crisis and prevent another global recession, finance ministers warned on Friday, as they hinted that discussions were under way to boost the firepower of European rescue funds.

Financial markets experienced another day of intense volatility as investors struggled to interpret an emergency statement from the Group of 20 leading economies, which met on [...]

World Gold Council: Gold outlook positive for 2011 as diverse markets and strong fundamentals drive demand

Central bank purchases jumped to 129 tonnes in the quarter, exceeding the total of net purchases during the first three quarters of 2010.

Gold outlook positive for 2011 as diverse markets and strong fundamentals drive demand > Download “GDT_Q1_2011_pr.pdf”

Gold outlook positive for 2011 as diverse markets and strong fundamentals drive demand

19 May, 2011

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China “Aims To Have More Gold Than America”

THE CENTRAL BANKS of developing countries will Buy Gold at an increasing rate in coming years, with China being a leading player, according to a major industry figure.

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Reuters
A worker displays gold ingots at a manufacture unit of PT Logam Mulia in Jakarta

Rob McEwen, founder and former head of Goldcorp, now the world’s fifth largest Gold Mining company, believes central bank purchases could help push the price of gold to $2000 an ounce [...]

Here are NIA’s top 12 warning signs that hyperinflation is about to occur:

FORT LEE, N.J., Mar. 26, 2011 /PRNewswire/ — The National Inflation Association (NIA) – http://inflation.us – today released its top 12 warning signs of U.S. hyperinflation.

One of the most frequently asked questions we receive at the National Inflation Association (NIA) is what warning signs will there be when hyperinflation is imminent. In our opinion, the majority of the warning signs that hyperinflation is imminent are already [...]

CHART OF THE DAY: Forget The Foreclosures, Here’s The Simple Thing That Is Crushing The Banks

by Joe Weisenthal

A JPMorgan analyst suggests that the current maelstrom surrounding banks could cost the industry somewhere between $50-$120 billion, but arguably the fears here are being overblown.

But there is a clear threat that is very easy to see: the economy is weak and banks don’t have the business volume to make a lot of money.

As credit specialist David Goldman observers, banks are still plowing more [...]

"Welcome to a bleak second half 2010, worse for 2011."

With so much unfounded optimism pumped out by the MSM, a stock market crash seems virtually inevitable.

“New Normal: Bankrupt nation. Deflation. Zeros. Junk. No jobs. Depression

ARROYO GRANDE, Calif. (MarketWatch) — Yes, it’s going to get worse, a whole lot worse … Bill Gross warns this is the “New Normal. Forget 10% returns. Think 5%”. … Economist Larry Kotlikoff, author of The Coming Generational Storm, warns: “Let’s get real. The U.S. [...]