The Top 3 Rules to Understand About Gold & SILVER Price Behavior

We have the banking cartel on the ropes now and gold and silver will eventually break out to new highs. To prevent the banking cartel from executing the rope-a-dope on us as they have so many times in the past, now is the time for every citizen to stand up for his or her beliefs, to buy an ounce of physical silver and an ounce of physical gold, and to begin to impose our collective will upon the banking cartel for a return to sound money and free markets.
by JS Kim, Gold Seek:

Over the past 10+ years of this gold and silver bull, I’ve seen gold and silver “newbies” repeatedly make the same mistakes. So I’ve decided to write this short article to help people more clearly understand gold and silver price behavior. There are 3 solid rules to follow and understand when buying gold and silver bullion and or mining stocks. Because of the lack of understanding of these rules, many investors unfortunately unload gold and silver assets at the exact wrong time, at the bottom of long corrections and right at the beginning of huge new legs higher. Back in mid-May, when I wrote that it was a very low-risk, high-reward point to buy gold and silver assets, virtually no one outside of the very small circle of seasoned gold and silver investors were interested. Now that gold and silver have risen considerably since that point and time, there is more interest than just a few weeks ago, but again, some newbies will make the mistake of buying into gold and silver now, and on any slight pull back, listen to the doubts disseminated by the mainstream media, and panic sell again.
I previously stated on August 16, 2012, the following: “The one thing I can guarantee, however, is that when gold and silver finally make new highs, and they will, some of the ferocious moves higher are absolutely going to stun a lot of people.” And I still stand by this statement. In retrospect, I don’t consider the recent moves in gold and silver to be part of the “ferocious moves higher”. That hasn’t happened yet and we’re still a bit away from the manifestation of the scenario that will trigger these moves. Still, some of the moves higher in gold and silver that will happen over the next 1-2 years will be so rapid and shocking that to most people, they will seem impossible given the psychological damage done by the past 18-month gold & silver correction and consolidation period. And to those that pay too much attention to the mainstream financial press and not enough to the realities of the physical, not paper, gold and silver markets, these violent moves higher will be likewise shocking.
Read More @ GoldSeek.com

Ron Paul’s Speech At “WE ARE THE FUTURE RALLY”

from matlarson10:

Your Window to Buy Gold Below $1,700 Is Closing

by Jeff Clark, Casey Research:

Some investors lamented that gold prices had been stuck in a rut for a long time. Others were confused. A few bailed. And some, including me, have been stocking up because we’re convinced prices won’t stay down forever. In fact, based on the data I chart below, I believe the window of time to buy gold for less than $1,700 an ounce is very limited.
Here’s why. I examined gold’s three largest corrections since the bull market began in 2001, including how long it took to recover from those corrections and establish new highs. The conclusion that emerged is that the current lull in gold prices will almost certainly end soon, if it hasn’t already.
Gold set a record on September 5, 2011 at $1,895 an ounce (London PM Fix) and to date has fallen as low as $1,531 (December 29, 2011), a decline of 19.2%. Gold has tested that level several times since but never broke below it. In order to determine how long it might take to breach $1,895 again, I measured the time it took to mount new highs after big corrections in the past.
Read More @ CaseyResearch.com

To The US Govt, Failure To Disclose Foreign Accounts Is Worse Than Child Porn

Jacques Wajsfelner of Weston, Massachusetts is a criminal mastermind. Big time. Like Lex Luthor. But rest easy, ladies and gentlemen, for this nefarious villain is about to face some serious jail time thanks to the courageous work of US government agents. 83-year-old Wajsfelner was finally caught and convicted of a most heinous crime: failing to disclose his foreign bank account to the US government and is now looking at FIVE YEARS behind bars in a Day-Glo orange jumpsuit. Sentencing guidelines suggest that he will get some combination of jail time and supervised release to the tune of several years. Then there's Eric Higgins of Port Huron, Michigan, who was recently busted for major possession of child pornography and engaging in sexually explicit conversations with juveniles online. He was given 20 months. Oh... and Mr. Higgins was a US Customs & Border Patrol agent. This is what justice means in the Land of the Free today. Have you hit your breaking point yet? 

Is There Going To Be A Stock Market Crash In The Fall?

from The Economic Collapse Blog:

Is the stock market going to crash by the end of this year? Are we on the verge of major financial chaos on a global scale? Well, this is the time of the year when investors start getting nervous. We all remember what happened during the fall of 1929, the fall of 1987 and the fall of 2008. However, it is important to keep in mind that we do not see a stock market crash in the fall of every year. Some years the stock market cruises through the months of September, October, November and December without any problems whatsoever. But this year conditions certainly seem to be right for a “perfect storm” to develop. Technical indicators are screaming that a stock market decline is imminent and sources in the financial industry all over the world are warning that a massive crisis is on the way. In fact, the Telegraph ran a story with the following shocking headline the other day: “Market crash ‘could hit within weeks’, warn bankers“. What you are about to read should alarm you. But it is not a guarantee that anything will or will not happen. When Ben Bernanke gives his speech at the Jackson Hole summit on Friday he could announce to the rest of the world that the Federal Reserve has decided to launch QE3 and that the Fed will be printing up trillions of new dollars. If that happened global financial markets would leap for joy. So it is always a dangerous thing when anyone out there tries to tell you that they can “guarantee” what is about to happen in the financial world. There are just so many moving parts. But if we do not see major intervention by the governments of the world or by global central banks a major financial crisis could rapidly develop this fall. The conditions are certainly right for a stock market collapse, and we could easily see a repeat of what happened back in 2008.
Read More @ TheEconomicCollpaseBlog.com

The Gold Standard Gets Another Look

by Peter Schiff, Euro Pac:
As Republicans convene in Tampa to nominate Mitt Romney and hammer out their party platform, one of the planks that could attract the most attention is the Party’s official position on the gold standard. As it is now being considered, the platform stops short of recommending a return to the gold standard, but does advocate a commission to consider the possibility. However, judging by the reaction with which many Republicans have greeted the idea, one would think that the platform might as well have called for the return of slavery.
The fact that so many supposed conservatives liken a belief in a gold standard as the monetary equivalent of membership in the Flat Earth Society shows just how far the American public has come from a true understanding of how money works within an economy. But, if there were a parallel to be made between gold enthusiasts and flat earthers, then it should strike many as curious that the world’s top central bankers, who can be seen as the equivalent to the most advanced astronomers, continue to hold so much gold in their vaults. If gold were so obsolete, why would these bankers hedge their positions?
Read More @ EuroPac.com

Ann Barnhardt – Marxists Are Weak And Helpless And Useless

from FinancialSurvivalNetwork.com:
Ann Barnhardt is probably one of the few moral and honest people left in the financial industry. As you may know, after the collapse of MF Global, she closed her commodities brokerage house because she felt that her clients’ money was no longer safe. Now the 7th Circuit has affirmed her belief, upholding these exact practices in the notorious Sentinel case, which will become the precedent for letting the Corzine crime family off the hook. Basically the Court says it’s okay to steal customer funds as long as you didn’t intend to steal them. In other words, it’s okay to be a thief if didn’t want to become a thief. So when people entrust their hard earned dollars with you, and you’re losing money on all your derivatives, go ahead and take their money, you won’t go to jail over it or even be held liable.
Which is why Ann says that Marxists are the most weak and helpless creatures on the planet and they will suffer their just reward.
CLICK HERE FOR AUDIO INTERVIEW

Reality Check: The Truth About Obama and Romney On Welfare Issue

from BenSwannRealityCheck:

Ben Swann Reality Check takes at the fight between Obama and Romney over welfare work requirements

Ron Paul delegates fight to be heard at RNC

from RTAmerica:

The Republican National Convention started on Tuesday in Tampa, Florida. At the convention Mitt Romney’s wife and New Jersey’s Governor are expected to deliver speeches, but there is a group that feels that the GOP is blatantly trying to silence them – Ron Paul’s delegates that is.

Greek Trader Explains Why The Country Is Heading For A ‘Social Tipping Point’ Of Rebellion Or Civic Mutiny

[Ed. Note: At the rate we're going most Americans will soon find themselves in the same boat as our Greek brothers & sisters; Share croppers and slaves to a maniacal banking cartel and vampiric IMF.]
by Joe Weisenthal, Business Insider:
A trader in Greece gives Business Insider a grim assessment of the mood in the country right now:
“Right now, I am afraid there is very little visibility regarding the political developments in the next few months. You might as well toss a coin. At some point, however, I believe we shall reach some kind of ‘social tipping point’ regarding the ability of the Greek households and society to absorb more austerity measures, the consequential continuing steep decline in economic activity and ever rising unemployment. The result may well be social rebellion, maybe even civic mutiny and associated political and parliamentary instability. This is the the game plan that the neo-communists of Syriza have been preparing for over the past year or so and the one that they have actually reinforced whenever and wherever that was possible. Unfortunately, I cannot see a ‘good ending’ scenario, under the present circumstances. Now when this tipping point may be reached, is anybody’s guess. It could very well be, as close as only a few months away. I do not believe that you can find anybody, within or outside Greece, that still sincerely and truly believes that the troika process of ‘internal devaluation’ shall lead to a positive socioeconomic outcome since no effective counter-balancing economic development measures and incentives were ever implemented, or even seriously considered.
Sorry I could not offer a more optimistic or positive picture and I hope that developments soon prove me wrong.”
Read More @ BusinessInsider.com

Donations will help maintain and defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.

I'm PayPal Verified

Four Reasons Why The Fed Will Not Announce QE 3 This Friday

from gpc1981, Gains Pains & Capital:

The biggest even this week is Ben Bernanke’s Jackson Hole Speech which will take place on Friday August 31. It was at Jackson Hole in 2010 that Bernanke hinted at QE 2. With that in mind, many investors believe that the Fed is about to unveil or at least hint at a similar large-scale monetary program this Friday.
We, at Phoenix Capital Research, disagree for three reasons. Number one, stocks are at or near four-year highs. With stocks at these levels, there is little reason for the Fed to use up any of its remaining ammunition.
Secondly, food prices are soaring due to the worst drought in 56 years. Some 63% of the lower US 48 states are experiencing a drought. As a result of this, the USDA has said that 50% of the US’s corn crop will be in poor to very poor condition. Soybeans are in similar shape.
Read More @ GainsPainsCapital.com

Turd Ferguson – Silver Smackdown Ahead?

from AltInvestorsHangout:

Click HERE For Part 2.

It’s not just the U.S. – Food inflation will affect entire globe in 2013

by J. D. Heyes, Natural News:

Grocery prices in the United States have risen steadily for months now, but because of the drought here at home and other global market forces, food costs are set to skyrocket around the world as well, say experts.
In addition to parched farmland throughout much of the U.S. and near the Black Sea, weak monsoons in India and ongoing hunger across wide swaths of Africa will all combine to drive food prices higher next year.
“We have had quite a few climate events this year that will lead to very poor harvests, notably in the United States with corn or in Russia with soja,” Philippe Pinta of the French Farmer’s Federation warned recently.
Read More @ NaturalNews.com

Your Criminal “World” Gov’t: France Ready to Recognize al-Qaeda as Syria’s Legitimate Government

by Kurt Nimmo, Infowars:
France’s recently elected socialist president and Bilderberg stooge François Hollande has told Syria’s CIA and MI6 run opposition to form a provisional government. Hollande said France would then officially recognize it as Syria’s legitimate government.
In February, the Director of National Intelligence, James R. Clapper, told the Senate Armed Services committee that al-Qaeda has “infiltrated” the Syrian opposition groups France boasts it will recognize.
“Strangely, the fact that Washington, in cooperation with its allies, is now sending communication gear, military intelligence, and weapons to militias in Syria with considerable – and growing – ties to al-Qaeda has not made the Obama administration blink,” John Glaser wrote in July.
Glaser mentioned a supposed “vetting process” that avoid arms ending up in the hands of al-Qaeda and Islamic extremists, “but the process is made up of untrustworthy, third-party sources and intelligence officials have recently told the Washington Post and the Los Angeles Times that the truth is that the US doesn’t know who is getting the money and weapons.”
In fact, there is plenty of evidence that the CIA trained, armed, funded – to the tune of $3 billion – and supported Osama bin Laden and what would ultimately become al-Qaeda.
Read More @ Infowars.com

Farmer Wins Stressful 3-Year State Legal Battle — Raw Dairy Sales Upheld

by Heather Callaghan, Activist Post

Armand and Teddi Bechard were following Missouri’s raw milk laws when undercover agents from the Springfield-Greene County Health Department bought milk from the Bechard’s central delivery location. The agents made undercover purchases twice in 2009 at a health food store parking lot and the Bechards have finally found relief in the battle to continue providing fresh milk to their customers.
During the sting operations, Armand heard from a health department worker:

This is your warning call…my boss doesn’t like raw milk in the city of Springfield. And so if you continue to deliver it, you’re gonna get a summons.

Read More @ Activist Post

Judgment Day For The Euro And What’s At Stake

from Zero Hedge:
Europe and the world are eagerly awaiting the decision of Germany’s Constitutional Court on September 12 regarding the European Stability Mechanism (ESM), the proposed permanent successor to the eurozone’s current emergency lender, the European Financial Stability Mechanism. The Court must rule on German plaintiffs’ claim that legislation to establish the ESM would violate Germany’s Grundgesetz (Basic Law). Nobody knows how the Constitutional Court will rule on these objections. It is good that the Court’s decisions cannot be forecast, and even better that the Court cannot be lobbied or petitioned. The European Union can be based only on the rule of law. If those in power can break its rules on a case-by-case basis, the EU will never develop into the stable construct that is a prerequisite for peace and prosperity.
Read More @ Zero Hedge

In The News Today

August 28, 2012, at 4:02 pm
by Jim Sinclair

The most difficult to protect is a people and a nation when the people allow their leaders yet to be the fallen ones. –Saint Germain



Jim Sinclair’s Commentary

The Euro crisis and their endless bickering has been a godsend for the US dollar. As this crisis comes to a point of resolution, the following is absolutely right.

U.S. worse than Europe Jack M. Mintz
Aug 21, 2012 10:03 PM ET | Last Updated: Aug 22, 2012 10:09 AM ET
EU is dealing with its fiscal crisis, but U.S. seems paralyzed
At a European conference on the sovereign-debt crises that I ­attended this week, my overwhelming conclusion, after listening to many experts, is that the U.S. is in far more trouble than Europe.
This was brought home by calculations presented by Larry Kotlikoff of Boston University at a lecture held at the International Institute of Public Finance, the biggest gathering of public-finance experts in the world. Greece may be bankrupt, but the U.S. looks like a giant Ponzi scheme.
Kotlikoff’s calculations show that U.S. unfunded liabilities total US$222-trillion, the highest of all major OECD countries (12% of the time value of U.S. GDP) once accounting for monetary public debt, Social Security deficits and public-health-care unfunded liabilities. One can quibble with some of the calculations, but no one can doubt that the U.S. is in serious fiscal trouble, more so than any other developed economy.
The U.S. reflects the most extreme case of intergenerational inequality. Generation after generation has participated in a Ponzi game, leaving younger taxpayers to pick up the tab for money effectively borrowed by older generations to spend on unfunded benefits. Kotlikoff labelled such practices as “child fiscal abuse,” a rather strong term but not far from the truth.
Euroland is in a fiscal crisis too, but it is trying harder to deal with its debt problem. As another speaker pointed out, market interest and credit default rates suggest more than a 50% probability that one or two countries will leave the euro within the next three years. An unmanaged exit from the euro, especially by a large country such as Spain, could result in a global credit crunch, since sovereign debt held by banks would be sharply marked down in value.
More…




Jim Sinclair’s Commentary

Circumstances will force the Fed’s hand, not meeting dates.

US Consumer Confidence Tumbles to 9-Month Low Published: Tuesday, 28 Aug 2012 | 10:06 AM ET
U.S. consumer confidence unexpectedly weakened in August to its lowest in nine months as Americans turned more pessimistic about the short-term outlook, according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes fell to 60.6 from a downwardly revised 65.4 the month before. Economists had expected an increase to 66, according to a Reuters poll.
It was the lowest level since November. July was originally reported as 65.9.
"Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations," said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement.
The expectations index tumbled to 70.5 from 78.4, while the present situation index edged down to 45.8 from 45.9.
Consumers’ labor market assessment was mixed. The "jobs hard to get" index eased to 40.7 percent from 41 percent but the "jobs plentiful" index also declined to 7 percent from 7.8 percent.
More…

   

Jim’s Mailbox

August 28, 2012, at 3:59 pm
by Jim Sinclair

Dear Mr. Sinclair,
I receive your posts as from a loving professor emeritus: tenderly wanting his students to understand and apply what he is telling them.  Thank you.
There is the law of diminishing returns. With QE1 there was a 50% increase in the market and then a decline. With QE2 a 40% increase and then decline. Twist I&II with a 30% increase and decline.
Clearly the half-life of any new QE will be very small.
Poor Ben has an unenviable job: timing the announcement/size of QE3 and the election… balancing that with the market malaise.
Romney can no doubt increase the distress by sounding off about a return to a gold standard and his intention on a new Fed boss.
The 4Q12 will indeed be interesting.
Regards,
CIGA Tom

Tom,

There are no benefits from QE. There simply is not any tool that can produce infinite discretionary money for the Fed and Treasury to spend as they wish.

When it hits the fan QE is coming. Forget debating its value. There isn’t any except in the midst of the fan hitting.

I am not lauding QE. I am just telling you it is coming to infinity, MOPED on a monthly basis. The longer it takes the more violent the QE will be.

Who cares if it is this weekend, as MSM wants you to believe, or in the 4th quarter.

I am not speculating on gold. I am not in some contest to better predict gold’s price movement than someone else. From $238 I have been insuring my future and yours.

Jim

Jim,
We all appreciate the service you provide.
In particular, I appreciate the way JSMineset connects the dots around the precious metals, for example:
1. The structural problems of the US economy;
2. The true nature of the federal and state deficits using GAAP;
3. The ever-unfolding evolution of local currency arrangements;
4. Gold moving towards a Tier 1 asset.
I could go on. My point being that none of these stories are reported in the MSM. Not one. All you hear is "at least America has growth", "the dollar will always be king", or most irritatingly "gold is in a bubble".
I’m sure there wasn’t always this lack of introspection (or even just basic curiosity) amongst our journalistic class. Still, I’m sure the perception was the same before the breakup of our own empire in the mid C20.
Best,
CIGA Sam

Donations will help maintain and defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.

I'm PayPal Verified