Gold and Silver Market News and Reviews
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By: SRSroccoReport.com (March 11th, 2014)
Even though 2013 was a great year for physical precious metal demand due to manipulated lower paper prices, the top silver mining companies suffered a decline in overall production compared to 2012. Of the top six companies, the largest four stated declines, while the two smaller producers increased mine supply slightly.
By: Bill Holter, MilesFranklin.com (March 11th, 2014)
What would it really mean if gold and silver actually are and have been manipulated for years? More and more stories on this topic have been coming out and there are more “dots” to connect and prove manipulation than ever before. It seems as if there is a new story each week and the “protests” that there is no manipulation are louder, less logical and more far-fetched. If you don’t believe that gold is a manipulated and completely managed market then please, stop reading now as I must be an “idiot” with faulty logic, it is obvious to me that gold prices are in fact manipulated. For those of you with the common sense to understand the why’s and how’s of precious metals price manipulation, what does it really mean? Assuming manipulation (I surely do), I want to look at this question from both a “macro” economic/financial standpoint and from the most important standpoint, YOURS!
By: Jeff Clark, Senior Precious Metals Analyst (March 11th, 2014)
Many investors, especially those new to precious metals, don't know that gold is seasonal. For a variety of reasons, notably including the wedding season in India, the price of gold fluctuates in fairly consistent ways over the course of the year.
This pattern is borne out by decades of data, and hence has obvious implications for gold investors.
Can you guess which is the best month for buying gold?
By: Greg Hunter, USAWatchdog.com (March 10th, 2014)
Dr. Jim Willie, Editor of "The Hat Trick Letter," contends, "I don't think it would be a shock to see the Russians come out and say we've got over 20,000 tons of gold, and we are going to back our ruble with gold. Screw the dollar. I think in the next year or so, the Russians and Chinese are going to let it be known that between them they own close to 40,000 tons of gold. They are going to have a real currency and do a real global reset and have a real return to the gold standard and screw the dollar with all its toxic sovereign bonds. One of the principle foundations of the dollar is not gold, it's the military. We're seeing it now." Dr. Willie predicts "an 80% decline in the value of the U.S. dollar in three years."
By: Peter Cooper, ArabianMoney.net (March 10th, 2014)
It’s not been a good start to the year for gold analysts. Nomura has just been revising its 2014 forecasts upwards. That’s always a way to make sure you meet your forecast for the year. It helps too if you start by pointing it in the right direction.
By: SGTReport.com (March 7th, 2014)
Jeff Nielson joins us to talk about China currency "manipulation", the One Bank, U.S. unemployment, inflation, the situation in the Ukraine and the international "House of Cards".
By: Dr. Jeff Lewis, Silver-Coin-Investor.com (March 7th, 2014)
There is something rather absurd about the ever-so-slightly loosening death grip that the mainstream financial media has around the issue of precious metals price manipulation. The painfully reluctant (and largely incomplete) reports on the subject have fueled a series of seemingly derivative-like conspiracies.
It's not as if the issue is really that complicated. Therefore, it must be part and parcel - an extension of the mechanism. Perhaps the hope is that partially educating or entertaining the masses, followed by rebuttals from a string of authorities, would put the issue to bed? But clearly, it cannot be that complex.
By: Peter Cooper, ArabianMoney.net (March 7th, 2014)
It is hard to argue with somebody who has recently benefited from an asset price bubble, especially if they have just realised the gain by selling. But when this asset price gain is only achieved at the cost of forcing down the return on all assets then you have to question what it is really worth and where it is taking us.
Whether it is houses in London, social media stocks, oil prices or the S&P 500, you don’t have to look far these days for the impact of super-low interest rates since the global financial crisis, now more than five years ago. Only in the emerging markets are we starting to see where this will all end.
By: Dr. Jeff Lewis, Silver-Coin-Investor.com (March 6th, 2014)
Disaster, by over-optimization, is another important way to frame the much-heralded "just in time" inventory practices which are used broadly by industry and grafted to monetary assets like precious metals.
The overgrowth of the financial system and serial bailouts are akin to allowing fuels to build up in the forest, preventing the natural burn off needed to replenish the soil and pave the way for new growth. Superficially, intentions are certainly good. But many suffer despite the well-intended. No one wants to see suffering or be held responsible for it for even a microsecond.
By: Przemyslaw Radomski, CFA (March 6th, 2014)
As you know, we had been expecting the tensions in Ukraine to cause a significant rally in gold (not necessarily in the rest of the precious metals sector). Not only wasn’t that the case on Monday – the rally indeed took place, but it was rather average, but gold managed to decline on Tuesday while there was no visible improvement in the situation in Ukraine and on the Crimea peninsula.
By: Dan Hassey, UncommonWisdomDaily.com (March 6th, 2014)
The Ukraine crisis pushed gold higher early this week, but gold was already having a good year. In fact, both gold and silver are some of 2014's best-performing assets so far.
By: Mike Maloney, HiddenSecretsOfMoney.com (March 5th, 2014)
Is money the root of all evil? In answer to that question, I had originally intended to set a world record for the 'World's Shortest Article' and simply write 'NO!', then add the video, and post it to the interweb. But that would be far too lazy, and this is far too important. Plus there's a great story behind this weeks post, so allow me to set the scene: Let's start by imagining you are in our main office...
By: Bill Holter, MilesFranklin.com (March 5th, 2014)
The stage is now set for a financial disaster. Whether the situation in Ukraine was “helped” by western interests, Russia itself or was in reality caused by internal friction does not matter. We are where we are and as I just wrote, “Who is going to stop Vladimir Putin from doing whatever it is that he chooses?” The Russians have already indicated that John Kerry’s statements are unacceptable; they have as much said…they are only words. The Western allies have discussed “sanctions” on Russia from an economic standpoint; I just wonder if the “West” has thoroughly thought through just how precarious their own financial positions are?
By: Lawrence Williams, MineWeb.com (March 5th, 2014)
Perhaps the clue to the argument should be in the name – the Gold Fix or Fixing – the daily meetings between the five bullion banks which set the London agreed gold price morning and afternoon, which much of the gold market uses as benchmark pricing. The silver price is ‘fixed’ similarly once per day.
One of the definitions of the word fix from the Oxford Dictionary is, “A dishonest or underhand arrangement”, and, while the London Gold Fix dates back to 1919, the word and this is perhaps a more modern interpretation of the word , it does thus have connotations which may in itself raise doubts about the financial integrity of the overall process.
By: Greg Hunter, USAWatchdog.com (March 5th, 2014)
John Williams of Shadowstats.com says, "Don't look for the U.S. dollar as the safe haven." Williams contends, "Historically, the dollar has been the safe haven in a political or financial crisis, but that hasn't been the case for four or five years now. Instead, what you have seen is a flight to other traditional safe havens such as gold and the Swiss Franc. The dollar has lost its magic. Nobody wants to hold it." What about the Russians dumping the dollar in retaliation for U.S. sanctions because of the Ukraine invasion? Williams says, "So, if the Russians follow through and convince the rest of the world that they are going to do it and it looks like China may join them, a lot of countries will want to dump dollars and get out ahead of the crowd."
By: SGTReport.com (March 4th, 2014)
This is a vital world affairs update with Andy Hoffman in which we discuss the tipping point for the Bankster's paper Ponzi system, which may well be the Ukraine. NATO and the Western powers are playing a high stakes game of RISK with the situation in Ukraine, and if cooler heads don't prevail at the Department of Defense and the US State Department, the result may well be Thermonuclear war.
By: SRSroccoReport.com (March 3rd, 2014)
While gold is the king monetary metal, silver will turn out to be the king precious metal performer. Currently, gold is stealing the show as the East (China) continues to consume more than total world gold production.
However, silver will surprise the markets in the future as overwhelming demand will outstrip supply in a big way.
By: Jeff Clark, Senior Precious Metals Analyst (March 3rd, 2014)
Now that it appears clear the bottom is in for gold, it’s time to stop fretting about how low prices will drop and how long the correction will last—and start looking at how high they’ll go and when they’ll get there.
When viewing the gold market from a historical perspective, one thing that’s clear is that the junior mining stocks tend to fluctuate between extreme boom and bust cycles. As a group, they’ll double in price, then crash by 75%... then double or triple or even quadruple again, only to crash 90%. Boom, bust, repeat.
By: Greg Hunter, USAWatchdog.com (March 3rd, 2014)
Eric Sprott, CEO of Sprott Asset Management, is bullish on gold in 2014. Sprott says, "On a linear trend line, gold should be $2,100 right now . . . and if you throw on another 15%, you are looking at gold at $2,400 by the end of the year."
On the possibility of a Ukraine/Russia war, Sprott says, "There are two fears. One is war, which would be just devastating for everybody. The other fear is there could be a financial domino fall away from this. Perhaps the banks in the Ukraine, which are already facing tremendous strains because of demands on deposits, fail, and because somebody else is invested with that bank, they end up with a problem. . . . . War could certainly cause a financial domino, but we could have a domino without war. There's a huge bank run going on in Ukraine. The currency is crashing. The ruble is crashing. It is surprising how far all these currencies have gone down. We also experienced a huge decline in the value of the dollar . . . it fell half of one percent in one day."
By: Alasdair Macleod, GoldMoney.com (March 3rd, 2014)
The chronological events of 2013 set the background for gold in 2014. It was a momentous year which should ensure a rise in the gold price in 2014.
By: SGTReport.com (March 1st, 2014)
Dead Banksters, Federal Reserve monetary tyranny, global financial meltdown. Rob Kirby from Kirby Analytics joins us to discuss the latest in HIGH FINANCIAL CRIMES AGAINST HUMANITY.
By: Dr. Jeff Lewis, Silver-Coin-Investor.com (February 28th, 2014)
History does not repeat; it rhymes.
Current stability comes from confidence and force. We've all heard that cliché over and over. But to rhyme is to the use any words you choose. We can rhyme in paper or digits, but it is all backed by nothing.
There is a not-so-subtle difference between currency and legal tender. Legal tender implies both force and control. And it's worthwhile to explore how far history can be re-expressed through technology.
A currency is simply an IOU, a convenience ticket or token used to settle a debt. Or a transaction, representing a deposit or asset kept someplace else.
By: Lawrence Williams, MineWeb.com (February 28th, 2014)
So what’s the specific significance of the February rise in GLD holdings. It looks like it is beginning to represent a turning of the tide which has been diminishing Western gold holdings while washing them up on Eastern shores. If the February GLD level of growth continues through the year this would mean about 100 tonnes of inflows into the ETF – which in turn would mean a reduction of around 650 tonnes of physical gold availability on the global gold market in comparison with 2013.
By: Peter Cooper, ArabianMoney.net (February 28th, 2014)
London banks have been manipulating the gold price for their own benefit for decades, just like the Libor rate. Time for an official investigation?
The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated by the banks setting it, researchers say.
By: Dr. Jeff Lewis, Silver-Coin-Investor.com (February 27th, 2014)
The dividing line between silver performing as a monetary asset versus an industrial commodity is tethered to a broken price discovery system, where unlimited position limits are held by the most influential of traders.
This fault line, at the heart of price manipulation, paints a dangerous and false perception that permeates the trading landscape - as well as the mainstream perception of money.
By: Przemyslaw Radomski, CFA (February 27th, 2014)
The entire precious metals sector declined yesterday, even gold. Has the situation changed enough to double the short position? Let’s take a closer look.
By: Jan Skoyles, TheRealAsset.co.uk (February 27th, 2014)
Last night Newsnight reported on a story of lies, conflict gold and one of the world’s largest refiners will be reported.
Amjad Rihan, a former partner at Ernst and Young Dubai, has blown the whistle on a cover-up by a major gold refiner in Dubai and the accounting firm.
Kolati is the Middle East’s Dubai’s largest gold refiner and will be a major global refiner when it completes its new factory expansion next year. Currently, it refines 45% of the gold processed in the emirate. Its capacity is set to increase from 450 tonnes to 1,400 tonnes and rival the mighty Valcambi.
By: GoldSilverWorlds.com (February 27th, 2014)
Despite now two doses of QE taper and much more confirmation that the FOMC will be committed to that course, gold prices have not collapsed. Conventional wisdom has been uniform in believing QE as inflationary, and thus a positive for gold prices (despite the trajectory since 2011). Removal of QE should have been, if this thinking is correct, a negative factor for gold via that inflation channel. Yet, pretty much since the first taper was announced in December, gold prices have been on a steady climb. The reason for that, and I think there is little doubt now, is gold as a “tail risk” hedge or insurance.
By: Dan Steinhart, The Casey Report (February 26th, 2014)
For the past year, we have rarely written on gold, because there were too many other investment opportunities, and the good old S&P was just going up month after month. This was, for most equity investors, Voltaire’s “best of all possible worlds.” The economy was of Goldilockian temperature and moderation, politicians were behaving the way cynics expected and optimists despised, and the Fed was successfully injecting massive doses of “financial heroin” into the US—and global—economy without any signs of ill effects… or any remarkable enthusiasm for risk-taking.
By: Greg Hunter, USAWatchdog.com (February 26th, 2014)
Brandon Smith of Alt-Market.com predicts U.S. debt will "explode in 2014." Smith says, "I think the U.S. debt issue is going to be very big this year. I think where all this is headed is debt default by the United States and intervention by the IMF. I believe the IMF will intervene in U.S. Treasuries." Smith thinks America is headed for one big "final swindle."
On gold and silver, Smith says, "People in the investment market are going to start looking for alternative hedges." Smith thinks, "Silver will go way up," and "gold will be up 20% to 30% this year."
By: Lawrence Williams, MineWeb.com (February 26th, 2014)
Lies, damn lies and statistics! Take the headline above and compare it with the Bloomberg headline for effectively the same story using exactly the same figures which was: China’s Gold Shipments From Hong Kong Decline as Demand Weakens. Both headlines are absolutely correct based on the figures but you wouldn’t believe so from reading them, indeed you could be forgiven for thinking one of them is obviously a downright lie. It just depends which way you care to spin it and some recent Bloomberg headlines do seem to have tended towards negativity with regard to Chinese gold imports.
By: Keiser Report, RT (February 25th, 2014)
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the shriek factor in financial markets and the whirlpool of money death at MtGox. In the second half, Max interviews Jan Skoyles of The Real Asset Company about the biggest gold heists in history, the Goldilocks year for the gold and silver markets and the crowd-funding campaign for Get REAL.
By: GoldSilverWorlds.com (February 25th, 2014)
The issue of how to diversify your retirement portfolio is one that you need to take seriously. Once upon a time, gold IRA rollover was the hotcake. At present, Bitcoin is being touted to offer a safe haven. The argument is that Bitcoin is here to replace gold, as there have been a few occasions when the prices of both moved counter to each other. In here, we’ll check if you should consider choosing Bitcoin over gold in your retirement portfolio.
By: James DiGeorgia, UncommonWisdomDaily.com (February 25th, 2014)
The financial news media, seeing gold rally to its highest level in months, explains the surge as safe-haven demand in a slowing global economic recovery.
As my British friends say, "Bolllocks."
I’m always amazed how uninformed financial reporters can be about the markets they cover. Many even seem to miss the news in their own publications!
By: SRSroccoReport.com (February 24th, 2014)
As sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint. Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
This means its authorized dealers are limited to the amount of Silver Eagles they can purchase each week. Michael White, the Public Affairs person for the U.S. Mint, told me that in order for the Mint to build up inventory of Silver Eagles, it has to ration sales to its authorized dealers.
By: Kevin Michael Grace, The Gold Report (February 24th, 2014)
Benjamin Asuncion and Geordie Mark of Haywood Securities forecast 2014 gold and silver prices of $1,300/ounce and $21.50/ounce, respectively. In this interview with The Gold Report, they argue that the gold and silver companies that will thrive in 2014 will be those blessed with prudent but aggressive management that can post good margins at today's prices. And they suggest a half-dozen gold and silver miners poised to do just that.
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