What 40 Years Of Gold Confiscation By The US Government Looks Like

The chart below, which is a time series showing the total "Gold Held by the US Treasury and the Federal Reserve" (which for all intents and purposes are interchangeable), demonstrates vividly the moment when the US government enacted Executive Order 6102, aka the "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States" order which criminalized the possession of monetary gold "by any individual, partnership, association or corporation." But not the government of course. Spot the moment after which gold confiscation by the US government (also known as a 40% USD devaluation) from its citizens was legalized.

Congressman Bartlett: “Every Citizen Should Develop an Individual Emergency Plan to Prepare for the Absence of Government Assistance for Extended Periods”

by Mac Slavo, SHTFPlan:

In the documentary Urban Danger, Maryland’s Congressional Representative Roscoe Bartlett warned those who can to move their families out of major cities.
Outspoken in his belief that each individual American should prepare for a crisis where the government would be unable to provide for the basic needs of the national population, Bartlett has himself created a hideaway deep in the West Virginia forest. His cabin runs on independent power, he has put away food and canning equipment, stockpiled supplies for the long-term, and is ready for a worst-case scenario should it ever come to pass.

“We don’t really think of those today, because it’s so convenient to go to the supermarket,” he cautions. “But you know, you’re planning because the supermarket may not always be there.”
Read More @ SHTFPlan.com

Beck Flashback: Unstoppable economic collapse is imminent

What Happened After Europe's Last Three Currency "Unions" Collapsed

It may come as a surprise to some of our younger readers, that the Eurozone, and its associated currency, is merely the latest in a long series of failed attempts to create a European currency union and a common currency. Three of the most notable predecessors to the EUR include the Hapsburg Empire, the Soviet Union, and Yugoslavia. Obviously, these no longer exist. Just as obvious, all of these unions, having spent time, energy, money, and effort to change the culture and traditions of member countries and to perpetuate said unions, had no desire, just like Brussels nowadays, to see these unions implode. The question then is: what happened after these multi-nation currency unions fails. VOX kindly answers: "they all ended with disastrous hyperinflation."




Gold And Silver Begin Launch On Schedule

Posted by: lemetropole

Post date: 08/21/2012 - 16:39

      Bill Murphy  www.LeMetropoleCafe.com August 21 – Gold $1639.90 up $19.80 - Silver $29.42 up 83 cents   Gold And Silver Begin Launch On Schedule  

Gold and silver explode!!

Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 2 hours ago

Good evening Ladies and Gentlemen: Gold closed dramatically up by $19.80 to $1639.90 breaking through the $1630.00 resistance barrier. Silver was the star of the show rising by 83 cents to finish at $29.42.  It broke through a major resistance level of 29.00 dollars leaving only the biggy 30.00 dollar barrier left to crack. Let us now head over to the comex and see how things progressed today

Gold’s Little Brother Is Talking

by Stewart Thomson, 321Gold.com:
Early this morning, gold may have achieved an upside breakout from a key symmetrical triangle formation. This chart provides an overview of the situation; there is a symmetrical triangle sitting within a giant drifting rectangle.
To view the possible breakout, please click here now. FOMC minutes are scheduled to be released on Wednesday. While that report could create some significant price volatility, there’s no question that this morning’s technical breakout is a very bullish event.
Silver is in a trading range between about $30 and $34. This morning marked the 2nd day in a row that it is above important highs near $28.50.
Silver seems set to perform well against the dollar, but it also appears to be ready to make gold look like a bit of a slug. Unlike most silver investors, I have no interest in selling silver for “dollars of profit”. I view silver primarily as a currency. Gold is the ultimate currency, and I think silver is best viewed as “gold’s little brother”. I sold silver for gold in the first quarter of 2011, and now it’s time for me to buy silver with gold. Here’s why:
Read More @ 321Gold.com

Gold Daily and Silver Weekly Charts - The Old Switcheroo

SP 500 and NDX Futures Daily Charts

Greeks Want To Stay In The Euro? Why Don’t They Move To Germany?

The fact that labour mobility is low in Europe is indicative of a fundamental problem. In any currency union or integrated economy it is necessary that there is enough mobility that people can emigrate from places where there is excess labour (the periphery) to places where labour is in short supply. Now, there is free movement in Europe, which is an essential prerequisite to a currency union. But the people themselves don’t seem to care for utilising it. Why? I can theorise a few potential reasons people wouldn’t want to move — displacement from friends and family, moving costs, local attachment.  Yet none of those reasons are inapplicable to the United States. However there are two reasons which do not apply in the United States — language barriers and national loyalty. It is those reasons, I would suggest, that are preventing Europe from really functioning as a single economy with a higher rate of labour mobility. The people who built the Euro realised that such problems existed, but decided to adopt a cross-that-bridge-when-we-come-to-it approach. But long-term and deep-seated issues like language barriers and nationalistic sentiment cannot simply be eroded away in a day with an economic policy instrument. No bond-buying bazooka can smooth the underlying reality that Europe — unlike the United States — is not a single country.

Catching The Invisible Hand Pushing On The VIX In Action

Every now and again the coincidences (or some might call them conspiracies) become too much to bear. We have noted the incessant deep-pocketed use of volatility as a levered way to manage equities up (or down we suppose should the need arise from a centrally-planned banking institution that does not feel the incumbent is in his court). Today was a great example of the desperate interaction of the world's most over-owned (and biggest) company and selling pressure over-whelming the VWAP algos. As the chart below shows, the early selling pressure in AAPL smashed prices down to yesterday's close and closing VWAP; volumes surged as algos piled institutions out but they soon got overhwhelmed as the price fell through their VWAP level (which means the costs start to pile up to the market-maker's algo which promised VWAP execution). Immediately Plan B comes into play - Sell Vol Hard!

Reuters 3000, One Of Two Key Global FX Trading Platforms, Is Offline

In the aftermath of its recent epic hacking, Reuters decided to take down its in house blogs. Few people noticed, and from what we hear they are still down. However, when Reuters' 3000 - the firm's FX trading platform: "one of the two key systems used by currency traders around the world, experienced an outage Tuesday, according to several market participants" goes down, and has yet to come up, we can only hope that someone has paid attention unless FX trading is also now thoroughly dominated by algos as well) to a market which transacts to the tune of several trillions in notional every day. But perhaps most interesting is that the "break" occurred at precisely 3:13 pm, at just the moment when the accelerating selloff in the EURUSD, and thus the broad market, could have caused quite a headache for those whose reelection chances are dependent on the S&P being as high as possible heading into November.

Red Is The New Green - Volume & Volatility Surge

After touching four-year highs this morning, the S&P abruptly turned tail and sold back down. AAPL slumped hard off its all-time record high open just shy of $675 - reverting NASDAQ to its peer indices and broadly equities had the worst day in 3 weeks (and only its 4th down day of the month of August). S&P 500 e-mini futures (ES) volume surged to its highest in three weeks - and average trade size was its highest since the lows in early June - along with its largest daily range in three weeks. Volatility jumped (amid some extreme gappiness as AAPL started to lose it) back above 15% (up over 1 vol) - leaking modestly lower into the close as ES saw some intraday covering to lift it 'off-the-lows'.

Spot The Similarity

Supply Crunch To Send Silver Into The Stratosphere

from KingWorldNews:

Today acclaimed money manager Stephen Leeb told King World News, “… it will be very difficult going forward to acquire large amounts of silver.” Leeb, who is Chairman of Leeb Capital Management, also said that because of this, “… the price of silver is literally going into the stratosphere.”
Here is what Leeb had to say: “This is going to be very important for the silver market going forward, Eric. As an example, photovoltaics is a tremendous way to generate electricity from the sun, but it uses a large amount of silver. The major difference between photovoltaics and other ways of generating energy from the sun, is that the other methods require a great deal of water.”
Leeb continues @ KingWorldNews.com

Germany backs Draghi bond plan against Bundesbank

Germany’s director at the European Central Bank has thrown his weight behind mass purchases of Spanish and Italian debt to prevent the disintegration of the euro, marking a crucial turning point in the eurozone debt crisis.
by Ambrose Evans-Pritchard, The Telegraph:
“A currency can only be stable if its future existence is not in doubt,” said Jörg Asmussen, the powerful German member of the ECB’s executive board.
He signalled full backing for the bond rescue plan of ECB chief Mario Draghi, brushing aside warnings from the German Bundesbank that large-scale purchases would amount to debt monetisation and a back-door fiscal rescue of insolvent states in breach of EU treaty law.
Mr Asmussen told the Frankfurter Rundschau that the surge in Club Med bond yields over recent months “reflects fears about the reversibility of the euro, and thus a currency exchange risk” rather than bad economic policies in struggling states.
The choice of wording is crucial. If it can be shown that the ECB is acting to avert EMU break-up – known as “convertibility risk” – bond purchases would no longer be deemed a bail-out for Italy and Spain.
Mr Asmussen confirmed that purchases may be “unlimited” in scale, a far cry from the half-hearted intervention of the past two years, which failed to stem capital flight.
Read More @ Telegraph.co.uk

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