He
is absolutely convinced that gold and silver are going MUCH, MUCH
higher. He told me last week that with the Fed’s latest “open-ended” QE
edict, “The dollar and bond market are done, finished and the bull market in gold is guaranteed!”
from Silver Doctors:
As silver investors are likely aware, leading silver analyst Ted Butler
has openly speculated whether JP Morgan’s alleged massive short silver
position is held on behalf a client such as the Federal Reserve (with
the intent to prop up the dollar by suppressing gold and silver) or the
Chinese government (with the intent of acquiring physical gold and
silver bullion at a discount due to their massive paper short position
on the futures market).
The Doc has long privately wondered whether the bullion banks’ PM short positions could actually be leveraging their own physical bullion accumulation by artificially suppressing the paper futures price.
These thoughts originate in our following of Jim Sinclair, who has always maintained that the bullion banks will be the one’s making the lion’s share of the profits in this great secular gold and silver bull market. One thing the bullion banksters are not is dumb, and they can see the writing on the wall for the US dollar as well as any SD or ZH reader.
New commentary from a bullion insider who claims to have personally managed the movement of 27 million ounces of gold from HSBC’s vaults into JP Morgan’s seems to substantiate Sinclair’s claims.
Read More @ Silver Doctors
BTFD...(Buy the F**king Dips)...
Something very interesting took place this weekend. Silver Eagle Sales jumped a staggering 1 million from friday’s last update!! According to the US Mint, silver eagle sales were 2,190,000 on Friday 9/24/12. When they updated their figures on Monday 9/24/12, silver eagle sales stood at 3,125,000.
I have never seen a jump of this kind in silver eagle sales ever. This also includes the buying during 2011 when the sales of silver eagles hit nearly 40 million.
So far, the sales in Sept are the highest compared to any other month (not including Jan). At this rate we may see total sales for Sept hit nearly 3-8-4 million.
Read More @ Silver Doctors
“Currency is going to dictate the day for gold and that says gold is going to up,” Newmont
CEO Richard O’Brien told an international, record gathering of
attendees at MINExpo International at the Las Vegas Convention Center
Monday.
During a special CEO forum which was the opening session of MINExpo, O’Brien suggested gold was presently trading more like a currency than a commodity.
O’Brien told the audience that investment is the largest growing component of the gold market, currently comprising about 40% of the demand for gold. As more currencies weakens, such as the U.S. dollar and the Euro, O’Brien suggests the current bull market for gold will continue well into the future.
Mine production is actually a miniscule part of overall gold supply, accounting for only 2% of above ground stocks, he said, estimating that a grand total of only 2,900 tonnes of gold will be mined this year.
Read More @ MineWeb.com
from Silver Doctors:
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The Doc has long privately wondered whether the bullion banks’ PM short positions could actually be leveraging their own physical bullion accumulation by artificially suppressing the paper futures price.
These thoughts originate in our following of Jim Sinclair, who has always maintained that the bullion banks will be the one’s making the lion’s share of the profits in this great secular gold and silver bull market. One thing the bullion banksters are not is dumb, and they can see the writing on the wall for the US dollar as well as any SD or ZH reader.
New commentary from a bullion insider who claims to have personally managed the movement of 27 million ounces of gold from HSBC’s vaults into JP Morgan’s seems to substantiate Sinclair’s claims.
Read More @ Silver Doctors
BTFD...(Buy the F**king Dips)...
by SRSrocco, Silver Doctors:
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I have never seen a jump of this kind in silver eagle sales ever. This also includes the buying during 2011 when the sales of silver eagles hit nearly 40 million.
So far, the sales in Sept are the highest compared to any other month (not including Jan). At this rate we may see total sales for Sept hit nearly 3-8-4 million.
Read More @ Silver Doctors
by Julian D. W. Phillips, Gold Seek:
In 1971 President Nixon closed the window that allowed U.S. dollars to
be sold for gold owned by the U.S. Just before that, the price of gold
was $35 an ounce. Since then gold has been called a ‘barbarous relic’, a
term used by Keynes, the famous economist.
From that time on, the world’s currencies stood merely on the confidence their governments engendered and the control they exercised over international financial dealings of all kinds. That confidence lasted until 2007 when the credit crunch brought government financing on both sides of the Atlantic into question. Up until now the performance of the underlying value of currencies has hidden these questions as exchange rates are adequately ‘managed’ through swap arrangements to stabilize exchange rate movements to the extent that violent moves don’t happen. But the real value of currencies in terms of their real solvency is now a matter of open debate. As of now, relative to the amount of gold available to markets, the price of gold is the only measure of value that currencies can be held to. We look at that and look at the conditions that are determining the value of currencies now and in the future.
Read More @ GoldSeek.com
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From that time on, the world’s currencies stood merely on the confidence their governments engendered and the control they exercised over international financial dealings of all kinds. That confidence lasted until 2007 when the credit crunch brought government financing on both sides of the Atlantic into question. Up until now the performance of the underlying value of currencies has hidden these questions as exchange rates are adequately ‘managed’ through swap arrangements to stabilize exchange rate movements to the extent that violent moves don’t happen. But the real value of currencies in terms of their real solvency is now a matter of open debate. As of now, relative to the amount of gold available to markets, the price of gold is the only measure of value that currencies can be held to. We look at that and look at the conditions that are determining the value of currencies now and in the future.
Read More @ GoldSeek.com
by Dorothy Kosich, MineWeb.com
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During a special CEO forum which was the opening session of MINExpo, O’Brien suggested gold was presently trading more like a currency than a commodity.
O’Brien told the audience that investment is the largest growing component of the gold market, currently comprising about 40% of the demand for gold. As more currencies weakens, such as the U.S. dollar and the Euro, O’Brien suggests the current bull market for gold will continue well into the future.
Mine production is actually a miniscule part of overall gold supply, accounting for only 2% of above ground stocks, he said, estimating that a grand total of only 2,900 tonnes of gold will be mined this year.
Read More @ MineWeb.com
CDS Market Begins Trading Imaginary Credit With LIBOR-Style Fixings
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Live Spanish Protestcam
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Why Germany Is Going To Exit The Eurozone
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by David Galland, Casey Research:
Jeff Clark:
I was struck at our summit by how many speakers have come to the same
basic conclusions we have – that there’s really no way out of the US
debt hole. That has a lot of implications, but first, in your view, how
bad is it?
Terry Coxon: It isn’t so bad that you should think of it as the end of the world, but there is a lot of trouble stored up, and I think “no way out” describes the situation accurately. Most of our economic trouble has been built up by government actions to solve past problems, and what they’ve done is to buy time and provide painkillers, but in doing so they’ve made the problems even worse.
Jeff: Why, specifically, is there no way out?
Terry: Let’s start with the Federal Reserve and the money supply. In response to the collapse of the housing bubble and most financial markets in 2008-2009, the Federal Reserve began printing like crazy.
Read More @ CaseyResearch.com
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Terry Coxon: It isn’t so bad that you should think of it as the end of the world, but there is a lot of trouble stored up, and I think “no way out” describes the situation accurately. Most of our economic trouble has been built up by government actions to solve past problems, and what they’ve done is to buy time and provide painkillers, but in doing so they’ve made the problems even worse.
Jeff: Why, specifically, is there no way out?
Terry: Let’s start with the Federal Reserve and the money supply. In response to the collapse of the housing bubble and most financial markets in 2008-2009, the Federal Reserve began printing like crazy.
Read More @ CaseyResearch.com
Gold Firm but Unable to Continue through Upside Resistance
Trader Dan at Trader Dan's Market Views - 1 hour ago
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Gold is trading firmly today as risk appetite is back on after a bit of a
hiccup yesterday. Many investors/traders are growing a bit more sanguine
about the impact of any QE program and are still concerned about slowing
global economic growth in spite of Central Bank actions to stimulate
borrowing and spending. That is leading to more two-sided trade in gold,
and in silver I might add, as traders sort out clues to see which direction
the economy might be taking.
Frankly, I think it is pathetic that we have reached a point in our
nation's history that the actions of the Fed have so d... more »
Empty Promises Are Nothing New
Eric De Groot at Eric De Groot - 2 hours ago
Bob, Why should politicians have exclusive rights to empty promises? This
strategy has been used the dawn of empires. Leaders that promised the moon
and spend like a drunken sailors stayed in power. That is, until the weight
of debt crushes the empire from within while the barbarians cruise the
perimeter probing for weakness. Only the names, faces, and the technology
used to execute the...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]$35 Billion In Two Year Bonds (aka toilet paper) Price Unchanged From August
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Since any debt issued under 3 years during ZIRP (i.e., in perpetuity) is nothing more than a cash for cash exchange, only with the conversion of counterparty risk from unsecured bank obligations (if cash outflow is from deposits) into Uncle Sam exposure, it is no surprise that today's 2 year bond auction was a snoozer. Sure enough, the just auctioned off $35 billion in 2 year bonds came at a nominal yield of 0.273%, precisely where it was last month, with investors getting a nominal yield in the off chance that Bernanke loses all control of the curve and hyperinflation arrives in under 730 days. For now this probability appears minimal. The internals were just as boring. a 3.6 bid to cover, lower than last month's 3.94, and below the TTM average of 3.77. Directs took down 17.5%, Indirects 27.27% and Dealers were stuck holding 55.33% of the same bonds that Bernanke will be selling to them soon too, resulting in a PD inventory in the 1-3 year window near all time highs. And following the balance of this week's auctions, which include a 5 and 7 year bond for a total of $99 billion in gross issuance, net US debt will rise by $46.8 billion, which together with an earlier net addition of $13 billion in debt, will take total US debt to just shy of $16.1 trillion.
from TF Metals Report:
I fear that war is looming and, with any war, the consequences and outcomes are unpredictable.
Before we get started, please understand my intentions here. This thread is not a political discussion. It is not a religious discussion, either. This is a disaster preparedness discussion.
It’s not about the Jews or the Arabs. It’s not about the Islamists or the Zionists. It’s about the potential inevitability of conflict, the possible implications and reach of such conflict and your preparations for such an event.
Any comments that attempt to hijack this thread into a one-side-bad, one-side-good free-for-all will be deleted. WHY? Because it doesn’t matter what you think. Whether or not the world falls into conflagration will not be decided by your efforts to control this board with your personal geo-political beliefs. We are all simple spectators to these events, yet these same events may have a high likelihood of touching you personally.
Read More @ TF Metals Report.com
Augason Farms Emergency Food Storage Kit - 3 months - 2 people - (Google Affiliate Ad)
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Before we get started, please understand my intentions here. This thread is not a political discussion. It is not a religious discussion, either. This is a disaster preparedness discussion.
It’s not about the Jews or the Arabs. It’s not about the Islamists or the Zionists. It’s about the potential inevitability of conflict, the possible implications and reach of such conflict and your preparations for such an event.
Any comments that attempt to hijack this thread into a one-side-bad, one-side-good free-for-all will be deleted. WHY? Because it doesn’t matter what you think. Whether or not the world falls into conflagration will not be decided by your efforts to control this board with your personal geo-political beliefs. We are all simple spectators to these events, yet these same events may have a high likelihood of touching you personally.
Read More @ TF Metals Report.com
Augason Farms Emergency Food Storage Kit - 3 months - 2 people - (Google Affiliate Ad)
Half Of Americans Making Under $30K Have Less Than $100 In Savings
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Better use that $100.00 and buy yourself some food insurance...
Augason Farms 12-Day Emergency Pail - Emergency Food Storage Kits (Google Affiliate Ad)
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You). Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
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What Do European Credit Markets Know That Stocks Don't?
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by Mac Slavo, SHTFPlan:
While President Ahmadinejad threatens to eliminate Israel, Prime Minister Benjamin Netanyahu prepares to take unilateral actions against Iranian nuclear facilities, the Chinese deploy a fleet of ships to meet Japan head on in the disputed waters of the South China Sea, protests erupt across the middle east on the heels of the killing of an American ambassador, tens of thousands of people lose their lives in uprisings in Syria, and the global economy teeters on the edge of collapse, the leader of the free world, our President, has refused to meet with any world leaders during the United Nations summit being held in New York this week.
These are, after all, just “bumps in the road.” Nothing but “noise.”
President Obama has chosen instead to meet with Whoopi Goldberg, Barbara Walters, Joy Behar and the rest of the cast at morning talk show The View:
Read More @ SHTFPlan.com
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While President Ahmadinejad threatens to eliminate Israel, Prime Minister Benjamin Netanyahu prepares to take unilateral actions against Iranian nuclear facilities, the Chinese deploy a fleet of ships to meet Japan head on in the disputed waters of the South China Sea, protests erupt across the middle east on the heels of the killing of an American ambassador, tens of thousands of people lose their lives in uprisings in Syria, and the global economy teeters on the edge of collapse, the leader of the free world, our President, has refused to meet with any world leaders during the United Nations summit being held in New York this week.
These are, after all, just “bumps in the road.” Nothing but “noise.”
President Obama has chosen instead to meet with Whoopi Goldberg, Barbara Walters, Joy Behar and the rest of the cast at morning talk show The View:
Read More @ SHTFPlan.com
from WeAreChange:
Read about National Security Study Memorandum 200 HERE.
NSC advisor Jones: “I take my daily orders from Dr. Kissinger”
Read about National Security Study Memorandum 200 HERE.
NSC advisor Jones: “I take my daily orders from Dr. Kissinger”
by Susanne Posel, Occupy Corporatism:
The Defense Advanced Research Projects Agency (DARPA) has a $2 billion
yearly budget for research into creating a super solider as well as
developing a synthetic police force. Working with the human genome,
DARPA hopes to manipulate certain gene expressions. In experimentation,
DARPA and the military industrial pharmaceutical complex are using
natural abilities that are enhanced through genetic engineering.
Some of the medical feats DARPA would like to enhance are the ability of military soldiers to regrow limbs destroyed in battle.
By eliminating empathy, the Department of Defense (DoD) hopes to “enhance” a soldier’s ability to “kill without care or remorse, shows no fear, can fight battle after battle without fatigue and generally behave more like a machine than a man.”
Scientists are researching the construction of soldiers that feel no pain, terror and do not suffer from fatigue as tests on the wiring of the human brain are furthered by Jonathan Moreno, professor of bioethics at Pennsylvania State University. Moreno is working with the DoD in understanding neuroscience. The Pentagon allocated $400 million to this research.
Read More @ OccupyCorporatism.com
from RonPaulCC2012 :
The reasons for holding precious metals as a relatively safe haven for one’s personal wealth are numerous.
One common investing thesis for buying precious metals is that these intrinsically valuable commodities can hold their value in times of rising price levels. This characteristic can help American savers keep pace with credit expansion and paper currency debasement.
Diversify Out of the Dollar
For example, precious metals can provide a safe haven in terms of the diversification they offer relative to holding U.S. Dollars in cash or Dollar-denominated assets.
Physical gold and silver investments can take up a core position in an investment portfolio since they offer an easy way to have some wealth stashed out of Dollar-denominated assets. These hard assets also provide a viable alternative to holding foreign currencies or foreign equities.
Basically, precious metals allow investors to engage in a new way of thinking, where investment priorities are anchored to real value and permit advance planning for troubled times.
Read More @ SilverSeek.com
from Prophetic Seer:
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Some of the medical feats DARPA would like to enhance are the ability of military soldiers to regrow limbs destroyed in battle.
By eliminating empathy, the Department of Defense (DoD) hopes to “enhance” a soldier’s ability to “kill without care or remorse, shows no fear, can fight battle after battle without fatigue and generally behave more like a machine than a man.”
Scientists are researching the construction of soldiers that feel no pain, terror and do not suffer from fatigue as tests on the wiring of the human brain are furthered by Jonathan Moreno, professor of bioethics at Pennsylvania State University. Moreno is working with the DoD in understanding neuroscience. The Pentagon allocated $400 million to this research.
Read More @ OccupyCorporatism.com
from, Gold Money:
Precious metal prices have dipped this morning. No prizes for guessing why: eurozone uncertainty, with increasing doubts among traders as to whether or not Spain will make a formal request for a bailout, and media reports of disagreement between France and Germany as to the best means of dealing with bailed out nations. France is unsurprisingly the good cop to Germany’s bad cop, with French Prime Minister Jean-Marc Ayrault arguing that the Greeks should be given more leeway in meeting budget cut commitments.
The euro slipped under the US$1.29 mark in trading for the first time since the Fed’s QE3 announcement on September 13 – though has since recovered – while the Dollar Index is up 0.27% from Friday’s close and heading back towards 80.00. A rising dollar (and falling US Treasury yields) are generally indicators of “risk off” moves on the part of hedge funds, which coincide with falls in the euro and commodity prices.
Gold has lost around 15 bucks since the start of trading today, with silver down some 60 cents, and once again below $34/oz. Silver should find strong buying support at $33 (if it falls that far). As far as the yellow metal’s concerned, recall James Turk’s interview with Jim Sinclair last summer, and Jim’s highlighting of $1,764 as a key pivot point for gold:
Read More @ GoldMoney.com
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Precious metal prices have dipped this morning. No prizes for guessing why: eurozone uncertainty, with increasing doubts among traders as to whether or not Spain will make a formal request for a bailout, and media reports of disagreement between France and Germany as to the best means of dealing with bailed out nations. France is unsurprisingly the good cop to Germany’s bad cop, with French Prime Minister Jean-Marc Ayrault arguing that the Greeks should be given more leeway in meeting budget cut commitments.
The euro slipped under the US$1.29 mark in trading for the first time since the Fed’s QE3 announcement on September 13 – though has since recovered – while the Dollar Index is up 0.27% from Friday’s close and heading back towards 80.00. A rising dollar (and falling US Treasury yields) are generally indicators of “risk off” moves on the part of hedge funds, which coincide with falls in the euro and commodity prices.
Gold has lost around 15 bucks since the start of trading today, with silver down some 60 cents, and once again below $34/oz. Silver should find strong buying support at $33 (if it falls that far). As far as the yellow metal’s concerned, recall James Turk’s interview with Jim Sinclair last summer, and Jim’s highlighting of $1,764 as a key pivot point for gold:
Read More @ GoldMoney.com
from RonPaulCC2012 :
by Dr. Jeffrey Lewis, Silver Seek:
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One common investing thesis for buying precious metals is that these intrinsically valuable commodities can hold their value in times of rising price levels. This characteristic can help American savers keep pace with credit expansion and paper currency debasement.
Diversify Out of the Dollar
For example, precious metals can provide a safe haven in terms of the diversification they offer relative to holding U.S. Dollars in cash or Dollar-denominated assets.
Physical gold and silver investments can take up a core position in an investment portfolio since they offer an easy way to have some wealth stashed out of Dollar-denominated assets. These hard assets also provide a viable alternative to holding foreign currencies or foreign equities.
Basically, precious metals allow investors to engage in a new way of thinking, where investment priorities are anchored to real value and permit advance planning for troubled times.
Read More @ SilverSeek.com
from Prophetic Seer:
by Jan Bennink, Testosterone Pit.com:
As far as I can remember I’ve never been afraid of the government. When I was a young upstart protesting military parades with safety pins through my ears, I wasn’t afraid. Even if the place was swarming with soldiers. When I was the bass player in a punk band, the P.A. Splashing Tovs, screaming at all kinds of government injustice, I did not feel unsafe. And in protest rallies against nukes. I never wore a mask or helmet. We laughed at the secret service guys with their moustaches and long coats. It was 1980, not 1984.
Also on the internet, I was never afraid. On Geenstijl.nl, a provocative Dutch opinion blog, on dejaap.nl, or writing for Volkskrant.nl, a leading Dutch newspaper, I never even thought of watching my steps. My 97,000 tweets? I posted them without giving them a second thought. Even when it came to my attention that the Netherlands has the most telephone taps in the world, I did not lose any sleep over it.
In Holland we have article 7. Freedom of the press. Freedom of speech. Censorship is forbidden. You can say and write, sing and film whatever you want. At least I cherish that illusion. You may protest and express whatever opinion you have. As long as you don’t threaten or slander anybody. And as long as you leave the queen alone.
Read More @ TestosteronePit.com
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You). Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
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As far as I can remember I’ve never been afraid of the government. When I was a young upstart protesting military parades with safety pins through my ears, I wasn’t afraid. Even if the place was swarming with soldiers. When I was the bass player in a punk band, the P.A. Splashing Tovs, screaming at all kinds of government injustice, I did not feel unsafe. And in protest rallies against nukes. I never wore a mask or helmet. We laughed at the secret service guys with their moustaches and long coats. It was 1980, not 1984.
Also on the internet, I was never afraid. On Geenstijl.nl, a provocative Dutch opinion blog, on dejaap.nl, or writing for Volkskrant.nl, a leading Dutch newspaper, I never even thought of watching my steps. My 97,000 tweets? I posted them without giving them a second thought. Even when it came to my attention that the Netherlands has the most telephone taps in the world, I did not lose any sleep over it.
In Holland we have article 7. Freedom of the press. Freedom of speech. Censorship is forbidden. You can say and write, sing and film whatever you want. At least I cherish that illusion. You may protest and express whatever opinion you have. As long as you don’t threaten or slander anybody. And as long as you leave the queen alone.
Read More @ TestosteronePit.com
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You). Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
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