Nothing Is Real In Markets: We Are Seeing a Sucker's Rally In Stocks
Published Feb 14, 2013 on Goldbroker
Egon von Greyerz, founder of Goldswitzerland.com (Matterhorn Asset Management AG) and member of the board of directors of Goldbroker.com told that when it comes to markets, “... nothing is real.” He also believes we are seeing a sucker’s rally in stocks.
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Venezuelans just lost 46% of their purchasing power in a single day
Published Feb 9, 2013 on Goldbroker
Venezuelans have just been experimenting one of the risks associated with paper money. Actually, they just lost 46% of their purchasing power in a single day, following the Venezuelan government’s decision to devaluate the bolivar by 46%, from 4,30 to 6,30 bolivars (to the dollar).
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Scoop : Ireland Restructuring its Debt !
Published Feb 14, 2013 on Goldbroker
European leaders, the ECB, the Commission, the heads of States had proclaimed it loud and clear : The Greek debt restructuration will remain an exception, the first and only of its kind; no other country shall benefit from such largesse. Their goal was to avoid contagion, because if every country experiencing difficulties were to ask for a debt restructuration (which entails a net loss for investors), the whole trust in the Eurozone would stand on shaky grounds.
Nevertheless, away from the cameras, without invoking a « last chance summit », another country just benefited from a restructuration, namely Ireland.
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Hathaway sees gold in 'give-up phase' just before a big rally
Published Feb 15, 2013 on Gata
Tocqueville Gold Fund manager John Hathaway tells that he sees gold in the "give-up phase" that precedes a big rally, the more so because commodity letter writer Dennis Gartman has begun shorting gold. "The physical market is tight," Hathaway adds, "and as usual the selling is all paper gold on the Comex."
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COMEX Open Raid Smashes Gold & Silver to $1500, $29 Handles!
Published Feb 15, 2013 on Silverdoctors
After consolidating throughout the overnight Asian and London session, the latest COMEX open raid has finally achieved the cartel's target in silver, with $30 broken to the downside as silver was smashed to $29.84. The legendary Jim Sinclair states that this is the last significant correction prior to gold's move to $3,500.
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Hathaway sees gold in 'give-up phase' just before a big rally
Published Feb 15, 2013 on Gata
Submitted by cpowell on Fri, 2013-02-15 01:17. Section: Daily Dispatches 8:12p ET Thursday, February 14, 2013 Dear Friend of GATA and Gold: Tocqueville Gold Fund manager John Hathaway tells King World News tonight that he sees gold in the "give-up phase" that precedes a big rally, the more so because commodity letter writer Dennis Gartman has begun shorting gold.
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LBMA Trader: "This Is Just Smart Money Pushing Gold To The Extremes"
Published Feb 11, 2013 on Bullmarketthinking
Gold collapsed from $1670 oz. to $1642.80 on Monday. LBMA Trader said "I’m not that worried about the sell-off today, it’s just the logical thing. I was surprised they waited so long [to take it down], because many opportunities to push it to that level existed before…and it finally happened, and that’s good for the market. This is actually a blessing. We are still not at the lows of January at $1625…but at the moment this is probably as far as it’s going to go [$1642]. There’s good support here.”
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Central Banks Bought Most Gold in Nearly 50 Years
Published Feb 14, 2013 on Cnbc
Central banks scooped up more gold in 2012 than they have annually in nearly half a century as they sought to diversify reserves, the World Gold Council (WGC) said on Thursday.
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Thunder Road Report -February 2013
Published Feb 5, 2013 on Scribd
For more than a century, the silver price has correlated most closely witha cycle based on the combination of two further statistically significantcycles in silver prices lasting 5.58 years and 31 years, respectively. Thenext peak in this combined cycle is forecast for July-August 2013, whichwould imply a new all-time high in the silver price in excess of US$50/oz(the current price is US$31.47/oz.).
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