News

The Calm Before the Storm, Swiss Gold Referendum, Final Capitulation, Forex manipulation, Chinese Gold Imports, US Mint Record Silver Eagle Sales

Chris Powell has covered many aspects of the Western gold price suppression scheme last week on "The Larry Parks Show," broadcast on the Manhattan Neighborhood Network in New York.

The Hong Kong Imports into China are only a fraction of the gold delivered through the SGE.

Central banks have kept silent about this but it’s hard to believe that manipulating the foreign exchange market isn’t part of their policies; it’s probably also part of their new strategy.

An unexpected precipitating event like a black swan event in this uncertain environment will push gold and silver up with a quantum leap with gold leading. The geopolitical and economic environment in the last few months was in my view the calm before the storm.

Net gold imports into China via Hong Kong were 27 tonnes for the month of August.     The Hong Kong route has gone from being the major source for Chinese imports to a minor one as can be seen in the second chart where SGE Withdrawals were almost 190 tonnes for the month of August....

On 30 November 2014 the Swiss People has the opportunity to determine not just the fate of their own financial system but also to be the catalyst for the return to sound money in the Western World.

Parabolic moves always end in capitulation. Is it possible to go even further into this panic selling which now seems to feed itself, with long-term investors capitulating?

Gold holdings fell 0.54 m/oz for the week whilst silver holdings rose 2.4 m/oz.

It appears that the PM's put in a cyclical bottom today which if it is the case then we now have a tripple bottom in place for gold - a rare event.

Bull markets often dislodge all riders before setting out on their final climb.

The “Gold Initiative” Referendum, The Enduring Power of Gold, Chinese Renminbi Becomes Tradable With the Euro, Silver Is The Cheapest Asset In The World, Shanghai Gold Exchange Withdrawals

The spike low on June 27th 2013 was at $1180.90. The low on December 31st 2013 was at $1185.69

US Mint bullion gold and silver coin sales surge in September

The global Sharemarket Sentiment Index is comprised of 17 Indices with a 47% weighting to the US.

Tensions are rising between Germany and the European Central Bank and, this time, concerns are raised openly through an intervention by Germany’s finance minister Wolfgang Schäuble before the German parliament, the Bundestag. Angela Merkel’s strong man has been in charge of this key ministry sinc...