. . . There was evidence of a very large sovereign buyer at the fix in London on Friday. So there was major interest for physical gold at levels roughly $40 higher than where we are at the moment.
At the same time we have publicly bearish elites such as George Soros, who is still telling everybody to sell their gold, who has personally turned extremely bullish. He is adding to his positions, [...]
They are numerous and thumbing their noses at Wall Street, evidently. And perhaps they offer some explanation for the turnaround in goldlately.
On Thursday, the Shanghai Daily reported on a “Voice of China” radio program that claimed Chinese housewives are propping up gold prices. The program said those women reportedly spent 100 billion yuan ($16 billion) over the past two weeks, buying up 300 tons of gold and helping keep prices steady at around [...]
From Zero Hedge:
By now, everyone has speculated on what caused the great precious waterfall which started on April 12 and continued for the next four days.
The factual reason for the biggest gold down days in history will likely remain unknown. In fact, in a sea of unfounded opinions, the only thing missing so far has been an informed opinion on what is really happening in some market — be it [...]
By Michael
The crash of the price of paper gold on Monday has unleashed an unprecedented global frenzy to buy physical gold and silver. All over the planet, people are recognizing that this is a unique opportunity to be able to acquire large amounts of gold and silver at a bargain price. So precious metals dealers now find themselves being overwhelmed with orders in the United States, in Canada, in Europe [...]
Peter Schiff: The Real Fiscal Cliff Is Dollar Crisis! Buy Gold! Buy Silver! Own Real Things!!!
APRIL 10, 2013
Video: Gold Outlook
London Gold Market Report
from Adrian Ash
BullionVault
Thurs 14 Feb, 07:50 EST
Silver Stalls, Gold Rallies on Eurozone GDP; Japanese Buy Gold for 1st Time Since ’05
The PRICE of wholesale gold rallied from fresh 6-week lows at $1641 per ounce on Thursday morning, rising as European stock markets fell after much-worse than forecast economic data.
Silver meantime stalled below $31 per ounce as industrial and energy resources cut earlier gains.
Economic output across the 17-member [...]
from Wealth Cycles:
Just like that, boom, devaluation happens, the snap decision of a desperate government with socialist desires to just give and give and give—but first it must take.
Venezuela just devalued its currency, the bolivar, by 46.69%.
If you as a Venezuelan had $10,000 held in bolivars earlier today, it is too late to buy gold and silver to protect from this loss; you now have less than $5,400 in purchasing power [...]
from Fox Business, via Eduardo89rp:
Peter Schiff: The Real Fiscal Cliff Is Dollar Crisis! Buy Gold! Buy Silver! Own Real Things!!!
Obama Admin Looks To Control Americans’ $19.4 Trillion In Retirement Accounts
Remember that old phrase, “I’m from the government, and I’m here to help”?
Well, it looks like we are hearing it again, at least on the issue of keeping Americans’ retirement funds safe.
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a [...]
Peter Schiff: Even if you raise taxes to 100%, we couldn’t pay it off. We’re going to default.
http://www.youtube.com/watch?v=bPL8y-oo0Jk&feature=player_embedded
Peter Schiff: Majority Doesn’t “Have A Right To Steal My Money Just Because They Voted For It”
CNBC’s Eamon Javers reports the latest developments on “fiscal cliff” talks in Washington, and debating the financial benefits of raising taxes on the wealthy, with Peter Schiff, Euro Pacific Capital CEO, and Richard Brodsky, Demos senior fellow.
http://realclearpolitics.com/video/2012/12/10/peter_schiff_majority_doesnt_have_a_right_to_steal_my_money_just_because_they_voted_for_it.html
Peter [...]
JOHN BUTLER: Countdown to the Collapse
On multiple fronts there appears to have been a resumption of hostilities in the global currency wars. A subtle indication of this is the recently released report, Gold, the Renminbi and the Multi-Currency Reserve System, which I believe is highly significant for two reasons: First, it demonstrates that major global actors are now keenly aware and frightened of the possibility of a major breakdown in international [...]
This is Strongman Shelford reporting from Argentina.
We have multiple inflation rates . Official rate is around 10%
Private consulting firms: above 25%
We have more than 4 exchange rates now
we are under severe capital controls and we are not allowed to buy foreign currency for savings . not gold either since May, 2012.
Watch the video.
If you want to learn about economic doom, ask an Argentinian we have already been in hell lots of [...]
from SchiffReport:
Peter Schiff: Even if you raise taxes to 100%, we couldn’t pay it off. We’re going to default.
http://www.youtube.com/watch?v=bPL8y-oo0Jk&feature=player_embedded
Peter Schiff: Majority Doesn’t “Have A Right To Steal My Money Just Because They Voted For It”
CNBC’s Eamon Javers reports the latest developments on “fiscal cliff” talks in Washington, and debating the financial benefits of raising taxes on the wealthy, with Peter Schiff, Euro Pacific Capital CEO, and Richard Brodsky, Demos senior fellow.
http://realclearpolitics.com/video/2012/12/10/peter_schiff_majority_doesnt_have_a_right_to_steal_my_money_just_because_they_voted_for_it.html
Peter [...]
http://www.youtube.com/watch?v=bPL8y-oo0Jk&feature=player_embedded
Peter Schiff: Majority Doesn’t “Have A Right To Steal My Money Just Because They Voted For It”
CNBC’s Eamon Javers reports the latest developments on “fiscal cliff” talks in Washington, and debating the financial benefits of raising taxes on the wealthy, with Peter Schiff, Euro Pacific Capital CEO, and Richard Brodsky, Demos senior fellow.
http://realclearpolitics.com/video/2012/12/10/peter_schiff_majority_doesnt_have_a_right_to_steal_my_money_just_because_they_voted_for_it.html
Peter Schiff 2012 – Buy Gold! Buy Silver! Own Real Things!!!
http://youtu.be/1radHg0dGjg
 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, [...]
Stack Silver Get Gold” Amazon Kindle Book Launch
Chicago, IL – October 27, 2012 Futures trader and precious metals investor Hunter Riley III along with the Get to the Point CERTIFIED publishing team released their new Amazon Kindle book today called “Stack Silver Get Gold – How to Buy Gold and Silver Bullion without Getting Ripped Off!”
The Amazon Kindle book is currently free for just 5 days and available for download [...]
the central bank of the U.S. has joined the BIS in raising the status of gold bullion. Should the reclassifications indeed be instituted in 2013, it should increase demand for gold bullion by the banks here in the U.S., as gold bullion would be worth dollar-for-dollar on the balance sheet what a particular bank paid for it.
http://www.profitconfidential.com/gold-investments/gold-to-be-reclassified-in-the-u-s/
If they do this it could be the trigger that is needed to send [...]
Gross: #Fed to buy mortgages ‘til the cows come home. Think 7% unemployment, 2.5% inflation targets. Buy real assets…gold…a house!
— PIMCO (@PIMCO) September 14, 2012
From Washington’s Blog:
Bill Gross — the world-s pre-eminent bond fund manager, nicknamed the “Bond King” — is the boss at Pimco, the world’s largest bond fund, with $1.8 trillion under management.
Gross told Bloomberg:
[There's] a diminished or dying cult of both bonds and stocks from the standpoint of a belief that they can return 10%…
Gold can’t be reproduced. It could certainly be taken out of the ground in an increased rate, [...]
Bill Gross Says that Gold Holds Its Value, While – In an Era of Central Bank Money Printing- Paper Money Doesn’t
Bill Gross – the world’s pre-eminent bond fund manager, nicknamed the “Bond King” – is the boss at Pimco, the world’s largest bond fund, with $1.8 trillion dollars under management.
Gross told Bloomberg:
“[There's] a diminished or dying cult of both bonds and stocks from the standpoint of a belief that they [...]
From Jeff Clark, Senior Precious Metals Analyst, Casey Research:
Even the hardiest investors have been lamenting that gold prices have been stuck in a rut for a long time. Others with less experience have watched the market, waiting for something to happen…
And as always, many bailed out of the market entirely, licking their wounds.
But some, including me, have been stocking up.
We’re convinced prices won’t stay down forever.
In fact, I think there’s [...]
by GoldCore Gold Bullion
Russia , Turkey, Ukraine Buy Gold But Bullion Tiny Part Of FX Reserves
Today’s AM fix was USD 1,663.50, EUR 1,325.18 and GBP 1,053.52 per ounce.
Yesterday the London Bullion Market was closed for a national holiday.
Friday’s AM fix was USD 1,666.50, EUR 1,329.16 and GBP 1,051.88 per ounce.
Gold fell $5.90 or 0.35% in New York on Friday and closed at $1,663.90. Silver climbed to $31.241 then retreated but [...]
Reuters
August 21, 2012
[...]In a country suffering from economic crisis, buying gold off desperate people has become one of the few boom industries.
City centres are being transformed as traditional shops go out of business, their signs replaced by ones that announce “Compro Oro”, or “I Buy Gold”.
[...]“Business is very good, you can really feel the crisis,” said 30 year-old Alexia Messi, who works in Oro Change on Via Medaglie D’Oro in [...]
City centres are being transformed as traditional shops go out of business, their signs replaced by ones that announce “Compro Oro”, or “I Buy Gold”.
The Eurispes thinktank estimates that the number of the shops has quadrupled in the last two years. The growth of the industry is “a very good indicator of the level of hardship in the country,” said president Gian Maria Fara.
Valerio Novelli, a ticket inspector in Rome, is planning [...]
KWN
King World News has contacts all over the world that send information to the network directly from the front lines of the global economy. These are the types of things you won’t hear in the mainstream media. Today we wanted to share a couple of these important communications. Below is the first one:
“I have spent 35 years working in U.S. manufacturing and currently work for a global company that dominates [...]
China is in talks to buy a 74% stake in the African arm of Barrick Gold, the world’s largest gold miner, amid soaring demand for jewellery from an increasingly wealthy middle class. However, the $2bn (£1.3bn) move is likely to revive concerns about the country’s expansionist role on the continent.
Shares in the London-listed African miner soared 13% after China National Gold said it was in a “preliminary stage of contact and discussion” [...]
And what will the U.S. do?
2 billion chinese being TOLD BUY..BUY..BUY ALL GOLD ..SILVER..ETC..ETC..
Today James Turk told King World News that gold is now in backwardation and about to rocket higher. Turk also warned, “The bottom line is we are in a fiat currency bubble. Eventually this bubble is going to pop because we are using this fiat currency, backed by nothing, not just in one country, but throughout the world.”
Here is what Turk had to say: “This is exactly the kind of action I [...]
Zerohedge has uncovered the ‘Smoking Gun’ on gold manipulation- a ‘Strictly Confidential’ 1975 memo from then Fed Chairman Arthur Burns to the POTUS.
The declassified document indicates Burns informed the President that ‘The broad question at issue is whether central banks and governments should be free to buy gold, from one-another or from the private market, at market-related prices. The Treasury is willing to accept a large measure of freedom for [...]
(Reuters) – Italpreziosi, Italy’s leading precious metals trading and refining company, and on-line broker Directa have launched a platform for trading gold bullion, prompted by increasing Italian interest in investing in the metal.
Italians have traditionally favoured gold jewellery as a safe haven, but new instruments such as bullion and exchange-traded funds (ETFs) have recently been gaining popularity.
A 15 percent annual rise in euro-denominated gold prices by mid-July also added appeal [...]
Last week saw another stomach-churning volatile market for gold.
This has many gold investors not only scratching their heads, but throwing in the golden towel entirely.
And who can blame them?
Gold trading has been as erratic and unpredictable as Kim Kardashian’s love life.
On Friday, June 29th, the yellow metal opened at $1,551… and closed the day at $1,604. It was one of the biggest single-day moves in gold history.
Yet this past Friday, [...]
Many investors consider gold a safe haven that will shelter them from recessions, falling markets, and the depreciating value of currency, failing to realize that investing in gold at these levels is extremely risky. Over speculation, price increases, mass publicity and an abundance of “We Buy Gold” stores all point to trouble in the gold market says Yoni Jacobs, author of Gold Bubble: Profiting from Gold’s Impending Collapse. He believes this means one thing: a [...]
From Newsmax:
The bull market for gold will ultimately resume and push the precious metal to $2,500 an ounce, says independent strategist Charles Nenner.
He focuses on technical factors – chart patterns – to produce his forecasts. Gold has dropped 18 percent, to $1,570, from its record high of $1,924 last September.
Nenner expects the downward move to continue through the end of…
Read full article…
by GoldCore
Today’s AM fix was USD 1,600.00, EUR 1,261.43, and GBP 1,017.17 per ounce.
Yesterday’s AM fix was USD 1,618.75, EUR 1,274.81, and GBP 1,029.41 per ounce.
Silver is trading at $28.03/oz, €22.17/oz and £17.91/oz. Platinum is trading at $1,466.00/oz, palladium at $618.60/oz and rhodium at $1,215/oz.
Gold fell $13.80 or 0.82% yesterday in New York and closed at $1,606.40/oz. Gold fell further in Asia and in early European trading prior to recovering [...]
Matthew Boesler
Business Insider
June 20, 2012
Societe Generale is “enthusiastic on gold” — so much so that in their latest cross-asset strategy report, they call “buy gold ahead of QE3? their number one strategy, saying it’s “the perfect asset to benefit” from additional loose monetary policy.
In the report, SocGen discusses the historical relationship between the price of gold and the U.S. monetary base. The SocGen team writes that “if gold catches up [...]
From Jeff Clark, Senior Precious Metals Analyst, Casey Research:
I manage one of my mother’s IRA accounts, and when it comes to investing, she doesn’t like to take a lot of risks. I guess the same would be true for most of our mothers – and maybe for many of us as well.
Unfortunately, after surveying today’s investment landscape, I see numerous risks – stock markets seem propped up and vulnerable, many [...]
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