In Eerie Replay Of 2011, Gold Spikes Abruptly To Over $1770, Silver Follows
Day
after day, the long overdue correction of gold to fair value which as
we have discussed previously, is now at about $2000 based on the recent
multi-trillion Central Bank balance sheet expansion, keeps
getting delayed, providing cheap entry points to all real money
adherents. And then we get moments like the past 10 minutes, when gold
goes on the same kinds of buying sprees that we remember best from the
summer of 2011. With no news at all, in a span of minutes, both gold and
silver have soared, with gold touching on $1772, and now about $150
away from its all time highs. The return of gold now is 13% YTD,
compared to the far lower 8.4% return for the general market. Why the
move? A big buyer obviously. But besides that, why the hell not - when
one considers that the last time gold was over $1900, total central bank assets were $2 trillion less,
it is a miracle gold is not far, far higher. The catalyst this time
according to some is the "sudden realization" that in one week the ECB's balance sheet is
about to increase by at least 20% courtesy of the latest and greatest
LTRO. According to others, it is "more buyers than sellers." Both are
right. As a reminder: we have warned repeatedly that the
massive balance sheet expansion is spilling over out from equities and
into everything else, including gas and now, gold. We pointed out that
the biggest trade off of a soaring market could well be the one thing
that derails Obama's presidential campaign. Now the only other thing
that could stop central bankers from their CTRL+P frenzy - the surge in
real money - is starting, and unlike 2011, it is starting quite early
this time around. As we said over the weekend: inflation is a-coming.Treasury Prices $35 Billion In Forgettable 5 Year Auction
Little to note about today's unremarkable bond auction of $35 billion in 5 Year bonds.
Hot on the heels of yesterday's just as unremarkable 2 year bond
auction, which saw total US debt/GDP surpass 101% two weeks after total
debt/GDP rose over 100% for the first time, the details surrounding
today's issuance were more or less as expected: the closing yield of
0.90% was inside the When Issued of 0.905%. The Bid To Cover was 2.89,
weaker than January's 3.17, but right inline with the TMM BTC of 2.89.
The Indirects took down 41.8%, Directs 12.9%, and the Dealers held at
45.3%, all in line with TTM average, so nothing to write home about.
Overall an auction that just added a few pips to the total US debt/GDP,
with the proceeds, especially by the Dealers, promptly to be pledged
back into the repo market with the blessings of BoNY and State Street,
where it is never heard from again.What Does Duffusion Index Mean?
Eric De Groot at Eric De Groot - 12 minutes ago
Hi Peter, In scientific terms diffusion refers to the spread of particles
from an area of high to lower concentration. This distribution of particles
is driven by a concentration gradient. The passive transport of molecules
across a semi-permeable membrane is called osmosis within biological
systems. Simply substitute particles with paper contracts in the phrase
“spread of particles” and...
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content, and more! ]]
Zerohedge Shocker: Greece Bailout Nothing But Greek-Funded Bailout of European Banks!
The Doc at SilverDoctors - 44 minutes ago
Tyler Durden is on his game today, discovering some shocking details in the
fine print of the latest and greatest Greek bailout. Not only will Greece
not receive a single penny in the latest bailout, but the terms *actually
require Greece to fund the escrow account account slush fund used to bail
out European banks!* You read that right...the latest Greek bailout
actually is a *GREEK FUNDED BAILOUT OF EUROPEAN BANKSTERS!!!*
Now we've seen it all.
Read more »
BIX WEIR: Silver RARER Than Gold, Are Fulford & Wilcock Correct?
The Doc at SilverDoctors - 44 minutes ago
SGT has released a new interview with Bix Weir regarding the $6 TRILLION in
seized Bonds, the Ben Fulford and David Wilcock information and the
mounting evidence that there are stores of gold on the planet which have
never been revealed, making* **SILVER far more rare and precious than the
yellow metal.* Bix also discusses his new timeline for financial collapse
in Spring 2012. While Bix seemingly continually has a time-line for
collapse in the next 3 months, one of these days he will wind up correct.
Read more »
The Homes Sales Reporting Tragedy
Dave in Denver at The Golden Truth - 1 hour ago
*In the end the Party would announce that two and two made five, and you
would have to believe it. It was inevitable that they should make that
claim sooner or later: the logic of their position demanded it. Not merely
the validity of experience, but the very existence of external reality was
tacitly denied by their philosophy -* George Orwell, 1984
The data reporting by the National Association of Realtors really blows my
mind. I'm not sure why any news source who expects to be treated with any
kind of respect even bothers to report the data anymore. I guess the
explanation li... more »
Bankster Rats Leaving Sinking Ships Ahead of Imminent Financial Crisis?
The Doc at SilverDoctors - 1 hour ago
JB Slear has noticed the same striking trend that The Doc has lately- *a
noticeable amount of departures of major CEO's and central bank heads from
their firms. *
A mere coincidence, or evidence that the rats are leaving the ship in a
panic ahead of an imminent financial debt crisis tsunami?
*Numerous examples of banksters fleeing their ships below*:
Read more »
Gold Demand Smashed $200 Billion Barrier For The First Time In 2011
The Doc at SilverDoctors - 1 hour ago
Gold bullion in demand is soaring worldwide, particularly in India, China,
and Europe. The cartel will have to ramp up their paper shorting in able
to keep things at a managed retreat, vs. full-out onslaught.
*Confirming what most will have felt intuitively, new figures say that
global demand for gold rose to an all-time high in 2011 off the back of
record investment demand.*
*At an estimated 4,067.1 tonnes worth $205.5 billion, demand exceeded $200
billion for the first time ever, with this figure also representing the
highest tonnage level since 1997, according to the World Gold ... more »
Guest Post: When Risk Is Disconnected From Consequence, The System Itself Is At Risk
Since the system itself has disconnected risk from consequence with backstops, guarantees and illusory claims of financial security, then it is has lost the essential feedback required to adapt to changing circumstances. As the risk being transferred to the system rises geometrically, the system is incapable of recognizing, measuring or assessing the risk being transferred until it is so large it overwhelms the system in a massive collapse/default. The consortium has only two ways to create the illusion of solvency when the punter's $100 million bet goes bad: borrow $100 million from credulous possessors of capital or counterfeit it on a printing press. These are precisely the strategies being pursued by central banks and states around the globe. BUt since risk remains disconnected from gain/loss, then capital and risk both remain completely mispriced. Risk is being transferred to the entire global financial system at a fantastic rate, because counterfeiting money or borrowing it on this scale to cover losses creates new self-reinforcing feedbacks of risk....At some unpredictable stick/slip point, the accumulated risk will cause the system to implode like a supernova star.
The Silver Bullet and the Silver Shield – 15. The Real Hunt Story (Part 1)
[Ed. Note: Part 1. Part 2. Part 3. Part 4. Part 5. Part 6. Part 7. Part 8. Part 9. Part 10. Part 11. Part 12. Part 13. Part 14.]
from AssaultWeaponChannel:
Millions of taxpayer dollars waisted for their air marshal country club…Federal employees facing discrimination, retaliation, and gross misconduct by the Federal Air Marshal Service.
Millions of taxpayer dollars waisted for their air marshal country club…Federal employees facing discrimination, retaliation, and gross misconduct by the Federal Air Marshal Service.
by David Schectman, MilesFranklin.com:
So
near, yet so far away. Silver crossed the $34 barrier but still needs
to close above $37.50, and then it is set to really take off. Gold has
crossed one of its next two key hurdles. $1,750 is now support (instead
of resistance) and the big $1,800 lies ahead. From there, gold turns
its attention on its all-time high of $1,900. You can clearly see, in
the following chart, the key points at $1,750 and $1,800. It’s hard to
realize in this slow-motion bull market, but just one year ago, gold was
hovering around $1,400 and now we are setting our sights on $1,800 and
UP. Europe is a mess and the Middle East is a powder keg. All Hell
could break lose at any time now. This is no time to be short gold and
silver, or out of the market!
Read More @ MilesFranklin.com
So
near, yet so far away. Silver crossed the $34 barrier but still needs
to close above $37.50, and then it is set to really take off. Gold has
crossed one of its next two key hurdles. $1,750 is now support (instead
of resistance) and the big $1,800 lies ahead. From there, gold turns
its attention on its all-time high of $1,900. You can clearly see, in
the following chart, the key points at $1,750 and $1,800. It’s hard to
realize in this slow-motion bull market, but just one year ago, gold was
hovering around $1,400 and now we are setting our sights on $1,800 and
UP. Europe is a mess and the Middle East is a powder keg. All Hell
could break lose at any time now. This is no time to be short gold and
silver, or out of the market!Read More @ MilesFranklin.com
from ETFDailyNews.com:
Dominique
de Kevelioc de Bailleul: As the latest news from Tehran suggests
Iranian oil exports to France and the UK will be cut off in response to
EU sanctions on the world’s fifth largest oil producer, the oil price
inches to a breakout price above $105 per barrel. Silver, too, is again
prepping in sympathy for the possibility of a major move up to test
$37, which, if cleared, could prompt traders to eye the last bastion of
resistance at $50!
In essence, by his latest move, the confident and smiling and Ahmadinejad has told the Obama Administration to ‘bring it on’ and be thrown out of office as the US teeters to a market-driven bankrupt, not unlike Russia 1989 following its war with Afghanistan.
Read More @ ETFDailyNews.com
Dominique
de Kevelioc de Bailleul: As the latest news from Tehran suggests
Iranian oil exports to France and the UK will be cut off in response to
EU sanctions on the world’s fifth largest oil producer, the oil price
inches to a breakout price above $105 per barrel. Silver, too, is again
prepping in sympathy for the possibility of a major move up to test
$37, which, if cleared, could prompt traders to eye the last bastion of
resistance at $50!In essence, by his latest move, the confident and smiling and Ahmadinejad has told the Obama Administration to ‘bring it on’ and be thrown out of office as the US teeters to a market-driven bankrupt, not unlike Russia 1989 following its war with Afghanistan.
Read More @ ETFDailyNews.com
GoldMoney
founder James Turk, believes, while one can’t predict what the catalyst
is going to be that will force gold and silver higher, the bull market
remains intact
by Geoff Candy, MineWeb.com:
Click Here to Listen to the Interview
GEOFF CANDY: Welcome to this week’s edition of Mineweb.com’s Gold Weekly podcast. Joining me on the line all the way from Spain is James Turk – he’s the founder of GoldMoney. James after a sharp fall in December, gold prices have been recovering fairly nicely over the past month and a bit. What’s been driving that, do you think?
JAMES TURK: Read More @ MineWeb.com
by Geoff Candy, MineWeb.com:
Click Here to Listen to the InterviewGEOFF CANDY: Welcome to this week’s edition of Mineweb.com’s Gold Weekly podcast. Joining me on the line all the way from Spain is James Turk – he’s the founder of GoldMoney. James after a sharp fall in December, gold prices have been recovering fairly nicely over the past month and a bit. What’s been driving that, do you think?
JAMES TURK: Read More @ MineWeb.com
Marc Faber: The Timing of the Collapse
from KEReport.com:
It is a real pleasure to welcome back Doug Casey. I have learned more from him than anyone else in our business.
Click Here to Listen to the Interview
Original Source @ KEReport.com
It is a real pleasure to welcome back Doug Casey. I have learned more from him than anyone else in our business.
Click Here to Listen to the Interview
Original Source @ KEReport.com
from TFMetalsReport.com:
Wow,
this is crazy, isn’t it? There is so much crapola going on in the world
that, seriously, I don’t know where to start. So, I guess I’ll start
where I’m most comfortable…with the ruler and the sharpie…and wait till
you see what I’ve found!
As I’ve mentioned quite a few times as of late, this 20%+ equity rally over the last three months makes me nauseous. While I feel that the perfect 45-degree rally is a clear sign of Fed manipulation, others argue that it is the rational result of The Great Global Liquidity Flush of 2012. Maybe they’re right? Maybe we’re all right? Who knows? All I know is that the charts don’t lie and they are what they are.
To that end, below is the most important chart of the day…perhaps of all 2012 to date. Note that since the panic beatdown and collapse of December, gold has been in a similar pattern to stocks. Take a look:
Read More @ TFMetalsReport.com
Wow,
this is crazy, isn’t it? There is so much crapola going on in the world
that, seriously, I don’t know where to start. So, I guess I’ll start
where I’m most comfortable…with the ruler and the sharpie…and wait till
you see what I’ve found!As I’ve mentioned quite a few times as of late, this 20%+ equity rally over the last three months makes me nauseous. While I feel that the perfect 45-degree rally is a clear sign of Fed manipulation, others argue that it is the rational result of The Great Global Liquidity Flush of 2012. Maybe they’re right? Maybe we’re all right? Who knows? All I know is that the charts don’t lie and they are what they are.
To that end, below is the most important chart of the day…perhaps of all 2012 to date. Note that since the panic beatdown and collapse of December, gold has been in a similar pattern to stocks. Take a look:
Read More @ TFMetalsReport.com
The GOP establishment has resorted to vote fraud in almost every state
by Paul Joseph Watson, InfoWars.com:
by Paul Joseph Watson, InfoWars.com:
Despite his runaway success in terms of straw poll
victories, campaign contributions and grass roots energy, a plethora of
evidence strongly indicates that Ron Paul is being cheated out of
winning any of the Republican caucuses, with the GOP establishment
desperate to prevent the Texan Congressman from building any kind of
momentum that the likes of Newt Gingrich and Rick Santorum have been
afforded.
Even the establishment media is now being forced to report that “Ron Paul Might Have Won Maine,”
with evidence of potential vote fraud targeted against Ron Paul
prompting the state’s GOP chairman Charles Webster to ask for a recount.
With just 84 per cent of the votes being counted, and
with many towns and counties showing strong support for Ron Paul having
not yet cast their votes, the media along with the Republican
establishment brazenly declared Mitt Romney to be the winner, despite
him having just a 194 vote lead over Ron Paul.
Read More @ InfoWars.com
by Roman Baudzus, GoldMoney.com:
As
a result of the current bull market in precious metals, most silver
producers are reporting solid profits. Market observers believe that in
the years ahead silver demand will grow, resulting in continuing price
rises in the metal. Demand from the medical and industrial sectors is
growing steadily, while silver production as a by-product of lead and
zinc mining will decline significantly in the future.
The political situation in some major silver-mining countries is also raising supply concerns. In Mexico, the government’s war against the country’s drug cartels is becoming ever bloodier, while in Peru strikes by miners have caused serious production disruptions. Many promising lead, zinc and silver reserves have been discovered in Peru in the last decade, thus raising expectations on the part of industrial users of silver that new Peruvian supply will curb gains in the price of the metal. New mine ventures in Peru have increased – although growing tension between local residents and mining companies has become more evident.
Read More @ GoldMoney.com
As
a result of the current bull market in precious metals, most silver
producers are reporting solid profits. Market observers believe that in
the years ahead silver demand will grow, resulting in continuing price
rises in the metal. Demand from the medical and industrial sectors is
growing steadily, while silver production as a by-product of lead and
zinc mining will decline significantly in the future.The political situation in some major silver-mining countries is also raising supply concerns. In Mexico, the government’s war against the country’s drug cartels is becoming ever bloodier, while in Peru strikes by miners have caused serious production disruptions. Many promising lead, zinc and silver reserves have been discovered in Peru in the last decade, thus raising expectations on the part of industrial users of silver that new Peruvian supply will curb gains in the price of the metal. New mine ventures in Peru have increased – although growing tension between local residents and mining companies has become more evident.
Read More @ GoldMoney.com
The US has hinted it could eventually give arms to rebels in Syria –
despite previous strident opposition to further militarizing the
conflict in the country. The Obama administration says if a political
solution to the crisis proved impossible it might consider other
options. This amid warnings that Washington’s continuing efforts against
the Syrian regime could see it fighting side by side with Al Qaeda.
RT’s Gayane Chichakyan reports.
from King World News:
Today
Michael Pento told King World News that money supply rates and
inflation have been exploding around the world. Pento, who founded
Pento Portfolio Strategies, also said with currencies burning, global
investors need to protect themselves. But first, Pento had this to say
about the Greek situation: “The Greeks have done the correct thing.
The fact that they have written down their debt is a step towards an
explicit default. What they have done in Greece is something they need
to do in Italy, Portugal and Spain. When you take down your debt as a
percentage of GDP, the way the Greeks have, you will cause a short-term
depression.”
Michael Pento continues: Read More @ KingWorldNews.com
Today
Michael Pento told King World News that money supply rates and
inflation have been exploding around the world. Pento, who founded
Pento Portfolio Strategies, also said with currencies burning, global
investors need to protect themselves. But first, Pento had this to say
about the Greek situation: “The Greeks have done the correct thing.
The fact that they have written down their debt is a step towards an
explicit default. What they have done in Greece is something they need
to do in Italy, Portugal and Spain. When you take down your debt as a
percentage of GDP, the way the Greeks have, you will cause a short-term
depression.”Michael Pento continues: Read More @ KingWorldNews.com
by Mac Slavo, SHTFPlan.com:
With over 10 million guns sold in the United States in 2011, violent crime rising significantly as the economic crisis worsens, and self defense killings sky rocketing, it’s becoming increasingly unpopular for politicians to call for restrictions on firearms. If anything, even though government officials in states like Illinois and New Jersey are attempting to outlaw guns completely, the public outcry has been deafening, with each attempt met by protests and solidarity from individual rights and gun advocates all over the country.
It’s clear that the majority of Americans support their inherent right to bear arms. But, even though the strategy of attacking our second Amendment is wholly unpopular and failing miserably, misguided government officials are beginning to explore ever more novel ways of circumventing the US Constitution and Second Amendment altogether.
Like New Jersey’s recent attempt to ban ammunition, Illinois is now taking aim at ammo. This latest legislation would add a surtax to every box of ammunition sold, and if allowed, would set an alarming precedent that effectively threatens our ability to utilize a firearm for its intended purpose.
Read More @ SHTFPlan.com
With over 10 million guns sold in the United States in 2011, violent crime rising significantly as the economic crisis worsens, and self defense killings sky rocketing, it’s becoming increasingly unpopular for politicians to call for restrictions on firearms. If anything, even though government officials in states like Illinois and New Jersey are attempting to outlaw guns completely, the public outcry has been deafening, with each attempt met by protests and solidarity from individual rights and gun advocates all over the country.
It’s clear that the majority of Americans support their inherent right to bear arms. But, even though the strategy of attacking our second Amendment is wholly unpopular and failing miserably, misguided government officials are beginning to explore ever more novel ways of circumventing the US Constitution and Second Amendment altogether.
Like New Jersey’s recent attempt to ban ammunition, Illinois is now taking aim at ammo. This latest legislation would add a surtax to every box of ammunition sold, and if allowed, would set an alarming precedent that effectively threatens our ability to utilize a firearm for its intended purpose.
Read More @ SHTFPlan.com
from Greg Hunter’s USAWatchdog.com:
I keep asking myself, when is a deal not a deal? Every time I hear the words “Greek debt deal” or “Greek bailout” in the same sentence, I wonder if, this time, they really have a deal. Yesterday, I was thinking that again when it was announced there was a new Greek debt deal. The headline from Reuters read, “Europe seals new Greek bailout but doubts remain.” My favorite paragraph in the story said, “An opinion poll taken just before the Brussels deal showed that support for the two mainstream parties backing the rescue had fallen to an all-time low while leftist, anti-bailout parties showed gains. Anastasis Chrisopoulos, a 31-year-old Athens taxi driver, saw no reason to cheer the deal. “So what?” he asked. “Things will only get worse. We have reached a point where we’re trying to figure out how to survive just the next day, let alone the next 10 days, the next month, the next year.” (Click here for the complete Reuters story.) There are elections in Greece in April. What do you bet one of the “anti-bailout parties” wins? There may be a deal today, but not in the not-so-distant future.
Another headline read, “Greece secures bailout to avoid debt default.” Why should headlines be so misleading and give false hope? Buried in the story was this nugget, “But despite those unprecedented efforts, it was clear that Greece, which kicked off Europe’s debt crisis two years ago, was at the very best starting on a long and painful road to recovery. At the worst, the new program would push the country even deeper into recession and see it default on its debts further down the line.” (Click here for the complete story from MyWay.com.) The headline should have read, “Greece secures bailout to avoid debt default for now.”
Read More @ USAWatchdog.com
I keep asking myself, when is a deal not a deal? Every time I hear the words “Greek debt deal” or “Greek bailout” in the same sentence, I wonder if, this time, they really have a deal. Yesterday, I was thinking that again when it was announced there was a new Greek debt deal. The headline from Reuters read, “Europe seals new Greek bailout but doubts remain.” My favorite paragraph in the story said, “An opinion poll taken just before the Brussels deal showed that support for the two mainstream parties backing the rescue had fallen to an all-time low while leftist, anti-bailout parties showed gains. Anastasis Chrisopoulos, a 31-year-old Athens taxi driver, saw no reason to cheer the deal. “So what?” he asked. “Things will only get worse. We have reached a point where we’re trying to figure out how to survive just the next day, let alone the next 10 days, the next month, the next year.” (Click here for the complete Reuters story.) There are elections in Greece in April. What do you bet one of the “anti-bailout parties” wins? There may be a deal today, but not in the not-so-distant future.
Another headline read, “Greece secures bailout to avoid debt default.” Why should headlines be so misleading and give false hope? Buried in the story was this nugget, “But despite those unprecedented efforts, it was clear that Greece, which kicked off Europe’s debt crisis two years ago, was at the very best starting on a long and painful road to recovery. At the worst, the new program would push the country even deeper into recession and see it default on its debts further down the line.” (Click here for the complete story from MyWay.com.) The headline should have read, “Greece secures bailout to avoid debt default for now.”
Read More @ USAWatchdog.com
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