Bernanke's " Syrian Moment "
Published Sep 29, 2013 on Goldbroker
Fed Chairman Ben Bernanke’s decision to go ahead with unabated quantitative easing (QE) seems to have taken many by surprise. To such an extent that, from now on, the major market participants are saying they have totally lost faith in Ben Bernanke. True, Ben Bernanke has been saying constantly, for the last four years, he would first taper and then end his QE plans, and then, at each FOMC meeting, he has been saying the opposite. The Fed has printed over $3Trillion since 2007.
At large, we can say that investors and other market participants do not trust Ben Bernanke anymore. Ben Bernanke cannot and will not stop QE. On the contrary, he will add more to it soon because the markets and the banks’ solvability are kept alive solely by this « quantitative easing ».
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Ben Bernanke, the Apprentice-Sorcerer
Published Oct 3, 2013 on Goldbroker
Let's take a long look at the Fed's Quantitative Easing, or QE, that we've been talking about regularly, to really appreciate its importance and meaning. By looking at this graph, we can see its implementation after the crisis hit, on September 15, with the Lehman Brothers bankruptcy. Prior to that date, the Federal Reserve held around $500 Billion in Treasury bonds, and today, it holds around $2 Trillion of them, an increase of $1.5 Trillion. The Fed wasn’t holding any mortgage-backed securities (MBS), and it now holds $1.2 Trillion of them. Since the crisis started, the Fed has thus acquired from the federal government (Treasury bonds) and the banks (MBSs) a total of $2.7 Trillion of assets.
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Why Uncle Sam is hoarding gold
Published Oct 4, 2013 on Marketwatch
The Treasury says it won’t tap its gold stockpile, even to avoid a default. The Treasury’s position is, in a word, extraordinary. We hear all this skepticism these days about gold. Yet the Treasury itself considers U.S. gold holdings to be a key element in maintaining confidence in the country’s soundness—and the stability of the international financial system.
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The Calm Before The Precious Metals Storm
Published Oct 4, 2013 on Srsroccoreport
The financial hurricane hit the world in 2008 destroying huge swaths of assets, real estate valuations, numerous banks and financial institutions. As the storm cleared, the Fed and central banks stepped in by flooding the world with money to supposedly assist in dealing with the damage while providing special programs to rid the banks of debris and garbage clogging up their businesses.
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Jesse's Café Américain: Currency Wars and the Ghost of Bear Stearns - The Mass Exodus of Gold Bullion
Published Oct 4, 2013 on Blogspot
Regardless of the background and motives, the remarkable decline in Western gold inventory and the enormous buying in Asia and the Mideast is something to be considered. To my mind the inability of the US to return Germany's gold in a reasonable timeframe was a watershed event.
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Gold And Silver Spike, Recover All Shutdown Losses As Stocks Tumble
Published Oct 2, 2013 on Zerohedge
With stocks having given back all the Shutdown gains, gold and silver prices are surging higher retracing all yesterday's losses as Treasury yields fall and the USD weakens on EUR strength.
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'Currency Wars' Author Rickards Says Fed Will Never End QE, Gold To Hit $5,000
Published Sep 30, 2013 on Seekingalpha
Hard Assets Investor's Managing Editor Sumit Roy caught up with Rickards to discuss his views on the Fed, gold, and the economy. (Note: This interview took place only hours before the Federal Reserve's surprise decision last week to hold off on tapering its bond-buying program on Sept. 18.)
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Stunning - China To Accumulate Another 5,000 Tons Of Gold
Published Oct 2, 2013 on Kingworldnews
With huge volatility in the gold market, today acclaimed money manager Stephen Leeb stunned King World News when he said that his sources tell him the Chinese are looking to buy another 5,000 tons of gold.
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Fighting for a Fair Game in the Gold Market
Published Oct 2, 2013 on CNBC
Chris Powell, Secretary & Treasurer, Gold Anti-Trust Action Committee talks about why he thinks western central banks are rigging the price of gold.
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The Rational Reason To Be Bullish On Gold
Published Oct 4, 2013 on Seekingalpha
Gold is a valuable tactical asset as it provides long-term diversification. According to World Gold Council, holding gold in a portfolio results in increased diversification due to gold's lower correlation to other assets. As seen in Exhibit 1, on average, gold's correlation to U.S. equities and Treasury Bills has been 0.1 over the past ten years.
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I Am A Terrified Observer As I Watch The End Game Unfolding
Published Oct 4, 2013 on Kingworldnews
As the modern world seems to move directly from one crisis to another, today one of the wealthiest people in the financial world stunned King World News when he said, “I am a terrified observer as I watch the end game drawing to a close.” Rick Rule, who is business partners with billionaire Eric Sprott, also spoke what is at stake for humanity, what we are doing to our children and grandchildren, and what this all means for investors in major markets, including gold and silver.
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