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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The Risks Associated with Storing Gold within the Banking System
Published Oct 11, 2013 on Goldboker
Risk of bankruptcy, risk of confiscation, inter-connectedness of the banking system, rehypothecation, price manipulation... Those are real risks that one has to take into consideration before deciding where to store one's physical gold.
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Gold And Silver Smash & A Nation On The Edge Of A Precipice
Published Oct 11, 2013 on Kingworldnews
With continued intervention and pressure in the gold and silver markets, Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, spoke with about exactly why the intervention is taking place in the metals markets, and the answer will surprise some readers.
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Governments Will Start Panicking As Chaos & Crisis Accelerates
Published Oct 9, 2013 on Kingworldnews
With continued uncertainty in global markets, today the 42-year market veteran who correctly predicted that the Fed would not taper is now warning King World News that governments will start panicking as the chaos and crisis accelerates. Egon von Greyerz also discussed what all of this means for key markets such as gold and silver.
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"Stop Logic" Gold Slam Was So Furious It Shut Down CME Trading Again
Published Oct 11, 2013 on Zerohedge
As part of the already noted massive gold slamdown just before 9 am Eastern, when "someone" sold an epic 2 million ounces of gold in one trade, the CME just went dark for 10 seconds, blaming it on an appropriately named "stop logic" event. What is Stop Logic? Basically, it is a the mother of all stop hunts, which takes out the entire bid stack and continues until such time as there is absolutely no liquidity left in the entire market!
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Biggest Economic Power Shift In Decades
Published Oct 10, 2013 on Blogspot
2013 is the year wherein unprecedented amounts of physical gold are distributed from west to east; a shift in wealth and power not seen in decades.
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Silver vs. Fiat Currencies & The Debt Ceiling Delusion
Published Oct 10, 2013 on Srsroccoreport
As the U.S. Government continues to waste time debating over the “Debt Ceiling Delusion”, the death of the fiat monetary system grows closer. Since 2000, the value of gold and silver have increased substantially compared to the world’s fiat currencies.
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Gold: If Not Now, When?
Published Oct 8, 2013 on Nicholsongold
It would seem that the stars are perfectly aligned to send gold soaring. But, instead, gold’s recent failure to sustain brief rallies and generate any lasting upward momentum has many gold bulls asking “If not now, when?”
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Why gold is set for a 20% rally
Published Oct 9, 2013 on Cnbc
Amid uncertainty in the U.S. and risk aversion in global markets, gold's performance as a traditional safe-haven has proved lackluster. Yet one strategist reckons the precious metal could rally as much as 20 percent in the next one to three months.
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LTRO = QE, or How the ECB Is Pursuing the Same Policy As the Fed
Published Oct 10, 2013 on Goldbroker
Although we often read in the press or hear from banking and political leaders that the ECB doesn't buy back sovereign bonds, contrary to the Fed, thus hinting that " we Europeans are more virtuous than the Americans ", it's totally false.
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Maguire - The “Vampire Squid” Is Busy In The Gold Market
Published Oct 11, 2013 on Kingworldnews
On the heels of a plunge in the price of gold and silver, today London metals trader Andrew Maguire spoke with King World News about the takedown in gold and silver, and he told KWN the “Vampire Squid” is very busy in the gold market. He also spoke about what is taking place in the gold market today and why.
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Jesse's Café Américain: COMEX Gold Inventories Steady Overall With 40,000 Ounces Moved Out of Deliverable Category
Published Oct 8, 2013 on Blogspot
It was announced this evening that President Obama will nominate Janet Yellen as the new Fed Chairman tomorrow, having been denied his first choice of Larry Summers by popular outrage. There were big adjustments in the registered (dealer) gold inventories at JPM and HSBC yesterday as a total of over 40,000 ounces of gold bullion moved back to the customer storage category.
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Created Currencies ... are NOT GOLD! (Financial Prepping 101)
Published Oct 9, 2013 on Goldseek
Paper currencies seem normal. They seem natural. We are told they are necessary. Paper currencies with no intrinsic value are used everywhere – we pretend they are valuable. If we don’t look closely, or remember the world of 60 years ago, they seem like a good idea.
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European Central Bank Gold Sales Lowest Since 1999 Accord
Published Oct 8, 2013 on Bloomberg
European central banks sold 5.1 metric tons of gold in the fourth year of an accord that originated in 1999, the lowest on record, according to data from the World Gold Council.
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China's Hunger for Gold Triggers Speculation About Reserves
Published Oct 8, 2013 on Wsj
China is on pace to consume a record amount of gold this year, which may be partly due to the central bank diversifying its foreign-exchange reserves, analysts say. China imported around 861.40 metric tons of gold via Hong Kong in the first eight months of the year, more than double the 361.02 tons during the same period last year, new data from Hong Kong Census and Statistics Department showed.
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Measured In Gold, The Story Of American Wages Is An Ugly One
Published Oct 9, 2013 on Forbes
Workers' wages buy less and less. In fact, workers have lost purchasing power during the past half-century. Comparing prices to wages, the Consumer Price Index (CPI) rose more than six times from 1965 to 2011-while the minimum wage rose less than five times. Professionals also suffered.
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