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Gold Falls Hard On Stronger U.S. Dollar Commodities / Gold & Silver 2009 Dec 17, 2009 - 07:36 AM By: Adrian Ash THE PRICE OF GOLD fell hard in Dollars but held flat for non-US investors early Thursday in London following yesterday's Federal Reserve statement on monetary policy. Vowing to keep interest rates at zero "for an extended period", the Fed said it will withdraw "emergency liquidity facilities" by Feb. 2010 – including the unlimited Dollar-swaps currently offered to central banks globally. Gold initially rose to $1142 an ounce overnight, but fell back to $1120 by lunchtime in London, unwinding...

NEW YORK – Gold prices have been rising sharply, breaching the $1,000 barrier and in recent weeks rising towards $1,200 an ounce and above. Today’s “gold bugs” argue that the price could top $2,000. But the recent price surge looks suspiciously like a bubble, with the increase only partly justified by economic fundamentals. Gold prices rise sharply only in two situations: when inflation is high and rising, gold becomes a hedge against inflation; and when there is a risk of a near depression and investors fear for the security of their bank deposits, gold becomes a safe haven. The last...

We are less than three weeks away from entering the next decade. The most important thing you need to know entering 2010 is that silver is the single best investment for the next decade. In our opinion, investing into silver is the only sure way to tremendously increase your purchasing power over the next ten years. Throughout world history, only ten times more silver has been mined than gold. If you go back about 1,000 years ago between the years 1000 and 1250, gold was worth ten times more than silver worldwide. From year 1250 to 1792, the gold to...

I've cruised the gold posts, not sure where I saw it, but if someone has the photo of the gas station sign posting gas price, sign said something like, "No cash, No credit, Gold or Silver only." I would sure like to have it. Thanks.

But silver is where the real opportunity lies. Jim Rogers has been doing the media rounds lately, and yesterday evening he showed up on CNBC talking to Maria Bartiromo. He remains -- not surprisingly at all -- bullish on gold and silver. CNBC: With central banks now buying gold and many people worried about paper money, gold will be a great investment over the next decade and relatively few people are invested in it, he said. At a speech in Prague Rogers surveyed about 300 people, including big money managers, and 76 percent had never owned gold, he said. "So...

Gold To Be Supported By Investment, Central Bank And Chinese New Year Demand Commodities / Gold & Silver 2009 Dec 08, 2009 - 04:57 AM By: GoldCore Gold recovered some of yesterday's pullback and went as high as $1,164 overnight. Gold is currently trading at $1,162/oz and in euro and GBP terms, gold is trading at €783/oz and £710/oz respectively. The short term trend remains down and this should continue until we get a few higher daily closes or another higher weekly close. However, there is much investment and central bank demand waiting in the wings to buy on any...

The sad state of affairs in gold land: the premium for the 1 ounce Gold Eagle coins has expanded from $59 to $99, Krugerrands are not available for sale in most places, and this most recent development just out of the US Mint: the one-tenth ounce American Eagle inventory at the mint has been depleted, almost instantaneously after the coin was made available for purchase. This occurred the day after the mint announced the release of fractional Eagle Gold Bullion Coins in one-half ounce, one-quarter ounce, and one-tenth ounce weights. As Coin News reports: The Mint sold 345,000 coins to...

Precious Metals Stocks, Breakout Or Plunge? Commodities / Gold & Silver Stocks Dec 02, 2009 - 07:12 PM By: Przemyslaw_Radomski In a world of paper currencies and paper promises, I can think of many reasons right off the top of my head why the price of gold will continue to go up in the long term, however since this essay's length is limited, I'll just mention 5 of them. In short, while it may feel like a bubble to some, I believe we are just warming up. Last week I mentioned a few of such reasons, but I would like...

Will 2010 be a 1930 or, comparable to 1937? Is it different this time? When one nation state of a formerly high productive stature destroys itself with inflation, the untouched others can soften the blow and in time bail out the fallen one. This was Germany’s fate in the 1920’s. In our current instance, most all of the world’s economies are on their knees with some hurting worse than others. Who can help with recovery this time? There is no one. It will not be China as some suppose as China shall suffer the same systemic collapse as the U.S,...

London Trader challenges CFTC -------------------------------------------------------------------------------- http://truthingold.blogspot.com/2009...spotlight.html SUNDAY, NOVEMBER 29, 2009 A London Silver Trader Challenges The CFTC The following letter is from a London-based silver trader to CFTC Commissioner Bart Chilton. I wanted to post this letter, which appeared in Friday's Midas report, for those who do not subscribe to http://www.lemetropolecafe.com/. Anyone who follows the gold and silver markets knows about the severe imbalance which has occurred for several years between the size of the short interest in gold and silver futures vs. the amount of physical gold and silver sitting in Comex warehouses. As an example, JP Morgan and...

U.S. Dollar Set To Surprise By Falling To Test All Time Low Currencies / US Dollar Nov 30, 2009 - 01:48 PM By: Captain Hook The dollar ($) is set to surprise the few remaining speculators that think it can't happen by falling further straight away, possibly taking it down to test all time lows at 71. Here, we are talking about the possibility of a more disorderly decline in the $ developing as a result of gold progressing into a parabolic rise, primarily predicated on year-end hedge fund buying into December. First it will be this that takes precious...

Investors Buy Gold As Central Banks On Course To Crash World Economy Commodities / Gold & Silver 2009 Nov 26, 2009 - 02:59 AM By: Bob_Chapman Investors buy gold when there is inflation and when there is a flight to quality. They buy gold when they no longer trust currencies, due to government or central bank profligacy. Due to those and other reasons gold has broken out to new highs. It could well be that gold may never see $1,000 again. Long ago the world’s central banks set the course for a planned collapse of the world economy to implement...

From a speculator's perspective, the total return potential now in silver is probably greater than gold. On a percentage basis, the price of silver can easily outpace gold over the next few years as both metals hit record highs after adjusting for inflation since 1980. Silver might achieve that goal far more quickly than gold. But as gold reaches over $1,145 this week (+10% in November) there's one missing ingredient required to legitimize this historic bull market; silver must exceed its March 2008 high of $20.78 an ounce. Spot silver trades at $18.71 an ounce this morning in New York....

Are you sold on gold? The precious metal outperformed every major equity index in the world in 2008. The question is, can gold—and other precious metals—keep on flying? Or would buying today be buying high and selling low? Precious metals have always been intriguing to investors because they tend to hold their value. In times of geopolitical crisis or currency devaluation, for example, the value of paper money might fluctuate, but a hard asset will always be worth something. As a result, historically, precious metals have been considered a “safe haven” in times of economic and financial instability. That brings...

TOKYO (MarketWatch) -- Silver's not so much a poor man's gold anymore and investors may soon realize that the white metal's the real treasure. True, at $17 per ounce, silver is cheap -- trading around 60 times less than gold's record price of more than $1,100. But year to date, it's climbed 52% in value compared with gold's rise of around 25%, according to data from FactSet Research. Silver is a precious metal, after all, one that has historically outperformed gold in a bull market and doubles as an industrial metal -- and supplies of it are depleting at a...

Gold’s Rally Suggests Silver Will Ride The Coattails Commodities / Gold & Silver 2009 Nov 11, 2009 - 04:25 PM By: Dr_Jeff_Lewis As investors begin their shift away from currencies and into hard assets, gold has waltzed well past $1000 per ounce and has since pushed through $1100. Because precious metals have been long seen as an effective hedge against inflation, investors have been the biggest driver of demand. The Gold to Silver Ratio Throughout history, gold and silver have been tethered together in the eyes of investors. Once one of the metals moves too high or falls too low,...

Gold Confiscation Risk Commodities / Gold & Silver 2009 Nov 02, 2009 - 02:05 AM By: Howard_Katz Things are looking good for the gold bugs these days. September and early October saw the (long awaited) break above $1,000. This past week saw the technical pull back to the breakout point, and Thursday was the turnaround day. Friday saw some very bullish candlestick signals in many of the gold stocks. But one thing has been bothering many gold bugs. In 1933, the U.S. Government confiscated the people’s gold. The Government even went into safety deposit boxes (in private banks) and took...

How And Why China Will Flood The Gold Market Commodities / Gold & Silver 2009 Oct 31, 2009 - 09:07 AM By: DailyWealth Jeff Clark of Casey Research writes: As you read this, the Chinese government is doing an extraordinary thing... something nearly unheard of in the modern world. It is encouraging citizens to put at least 5% of their savings into precious metals. The Chinese government is telling people gold and silver are good investments that will safeguard their wealth. After last year's meltdown in the stock market, people believe it. After all, Chinese citizens don't receive government retirement...

Enter The Dragon, Chinese Citizens Significantly Increasing Gold And Silver Ownership Commodities / Gold & Silver 2009 Oct 23, 2009 - 05:33 AM By: GoldCore Gold is currently trading at $1,054.60/oz. In euro and GBP terms, gold is trading at €704.60/oz and £637/oz. Support for gold is currently seen at $1,043/oz and resistance at $1,070/oz. Gold closed Friday night trading at $1,058.70/oz. In euro and GBP terms gold is trading at €704.55/oz and £642/oz. Gold looks set for its fourth week of gains (if it can remain above $1,053/oz) and this would be bullish technically. While fears about the Chinese...

Did it just jump up more than a dollar?

I think it's an indication that China has realized that the New York investment houses are basically organized crime syndicates and [they're] selling paper instruments of no value that really only enrich the N.Y. investment houses themselves, so if anyone ripped them off, we would not be too unhappy about it. - Chris Powell, Secretary Treasurer, Gold Anti-Trust Action Committee, Inc.

Silver is going bonkers!

An impressive Viking hoard of jewellery has made a father and son metal-detector team £1m, after being bought by two British museums. The find, which is the 'largest and most important' since 1840, was found in a field in Harrogate, North Yorkshire in January 2007. It had been buried there for more than 1,000 years. Valued at £1,082,000, the hoard was purchased by the British Museum and the York Museum Trust after two years of fundraising. The highlight of the collection is an intricately carved silver cup, estimated to be worth more than £200,000. It contains 617coins and various silver...

Mid-Week Gold, Silver, Nat Gas & Oil Update So far this week we have seen commodities move sideways with traders and investors waiting for the US Dollar to rally or continue dropping, which will trigger the commodities to move. I have provided some below charts showing where prices currently stand. GLD Gold Trading Fund - Weekly Chart As you can see on this weekly chart gold has been consolidating for the past 5 months. This bullish pennant pattern is hinting that prices will breakout to the up side in the coming weeks. If for some reason we see the USD...

Everyone is talking about gold shooting to the moon because of the massive reverse head & shoulders pattern forming, not to mention the economy isn't as good as some of us would like it to beJ. I put together this quick report to show the bearish side of things for once. Bearish Points for Gold & Silver: * Silver looks to be forming a H&S pattern * Gold made a new high in March and quickly sold off * Gold's neckline is angled up which makes for a weaker breakout if it occurs * The US Dollar looks ready for...

"There's no reason to invest in gold," said the finance editor of a major newspaper interviewing me. "If gold goes up because of inflation, then so does everything else, so why buy it? It's not really a good investment." She was serious. Yes, she is a finance writer. And yes, it's a newspaper you've heard of. But I can address Betsy's misunderstanding now, because part of what she said is correct: gold is not an investment. Let's trace what an ounce of gold or silver - true money - has been able to purchase at various periods in history, and...

July 8, 2009: The U.S. Navy is soliciting donations for the ships silver (www.ussny.org) for the new amphibious ship (USS New York, LPD 21) named in memory of the September 11, 2001 attacks in New York city. Like the regimental silver of army units, the ships ceremonial silver collection grows larger as new pieces are added to commemorate notable events in the history of the ship. Ships silver is passed on to the next ship of the same name. There have been many U.S. Navy ships named "New York." The first was an armed gondola built to serve on Lake...

Sales of gold and silver bullion coins were up sharply in the first half of 2009, when dealers were citing strong physical demand amid worries about other investments. Sales remained strong but abated somewhat in late spring and early summer, but there are at least some signs it might be on the rise again, said one dealer. “Over the last 30 days, business has picked up again mostly because, I believe, there is a lot of skepticism still in the market about which way the economy is heading,” said Scott Thomas, president and chief executive of American Precious Metals Exchange...

Anyone here at FR purchase Gold and/or Silver through Apmex.com? If so, what are your pros/cons?

William Murphy of GATA (Gold Anti-Trust Action Committee) explains how the 'Cartel' suppresses the price of gold The Daily Bell The editors of the Daily Bell are pleased to present this comprehensive and exclusive interview conducted by Scott Smith with William Murphy of the Gold Anti-Trust Action Committee.Introduction: Bill Murphy grew up in Glen Ridge, New Jersey and graduated from the School of Hotel Administration at Cornell University in 1968. His senior year he broke all the single season Ivy League pass receiving records and was Honorable Mention on the All-America Football team. He went on to become the...

The details on this story out of Reuters are very vague so this is mostly speculation, but such a development would not be shocking to anyone familiar with the state of the U.S. banking sector. FDIC losses are quickly mounting and they are certainly ill-prepared to handle a major failure. Shoring up the FDIC is a wise insurance policy if nothing else. Or they could be preparing some U.S. banks for the same fate as Chrysler and GM. A welcome development in my opinion.

In a series of maneuvers, Chinese officials have revealed their strategy implementation in a very broad set of steps. Beijing leaders plan to establish the yuan currency as a global reserve currency. The process will be made more complete after issuance of a large volume of Chinese Govt debt securities, soon in coming. The number of policy actions is impressive. While the USGovt is busy stepping backwards with FASB rules enabling false bank accounting, gearing up Treasury programs to direct colossal elite welfare / confiscation to failed banks responsible for the crisis, covering up Wall Street fraud and regulatory lapses...

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Why Gold Owners Are Targets of the Government Gary North If you own gold, you are in a war. You are under assault. You had better figure this out early. There is a full-scale war against you. The politicians and central bankers who are conducting this war against you are determined to see that you lose money on your investment. I have written a detailed report on this: The Gold Wars." You can download it free of charge here: http://www.GaryNorth.com/GoldWars.pdf The reason why you are under assault is because you have demonstrated by your purchase of gold or a...

Also, Montana has a bill in committee to allow: “…THE STATE OF MONTANA AND POLITICAL SUBDIVISIONS TO CONDUCT VARIOUS FINANCIAL TRANSACTIONS IN GOLD, GOLD AND SILVER COIN, ELECTRONIC GOLD CURRENCY, OR LEGAL TENDER OF THE UNITED STATES; ALLOWING CERTAIN PERSONS CONDUCTING VARIOUS FINANCIAL TRANSACTIONS WITH THE STATE OR POLITICAL SUBDIVISIONS TO CONDUCT THE TRANSACTIONS IN GOLD, GOLD AND SILVER COIN, ELECTRONIC GOLD CURRENCY, OR LEGAL TENDER OF THE UNITED STATES; REQUIRING THAT CERTAIN FINANCIAL TRANSACTIONS BETWEEN THE STATE AND OTHER PERSONS INVOLVING CERTAIN TAXES, FEES, AND CHARGES ON CIGARETTES AND TOBACCO PRODUCTS BE CONDUCTED IN ELECTRONIC GOLD CURRENCY; REQUIRING THE...

I would like to buy several ($1000) bags of junk silver coins. I'm concerned about how to securely make the exchange of my paper money for these coins. Does anyone have any experience and/or advice. ML/NJ

In 1983, Israel’s inflation rate was 191%. In 1984, it advanced to 445%. By 1985, the government froze prices, and by 1986 inflation was back down to 20%. A wild ride indeed. And, this illustrates that once inflation reaches these very destructive levels, even a return to “slower” inflation can still mean rates in double digits.

The actor Ron Silver was a Democrat who voted for George Bush. His brave and rare stand cost him dear in Hollywood I don't think the phone will be ringing as much.” When the Hollywood actor Ron Silver endorsed George W. Bush's re-election campaign, he knew it wouldn't enhance his career. The night after he spoke to the 2004 Republican convention we had dinner in a New York restaurant and Ron said that he expected many of his Hollywood liberal friends would cut him off. It was something he didn't relish, but he was ready for it. He thought it...

Most investors don't take seriously warnings about the future of the economy and the financial marketplace, but those who did avoided the dreaded "Cs" of finance: the Credit Crisis and Crash of '08. What warnings are we talking about you might ask? Well, it was the headlines of several years ago screaming that a 'Category 6 Fiscal Storm', 'Debt-Driven Meltdown', 'Systemic Banking Crisis', 'Financial Train Wreck', 'Wild Ride', 'God-Awful Fiscal Storm', 'Major Upheaval', 'Rude Awakening', 'Great Disruption', 'Debt Bombshell', 'Major Upheaval', 'Unwelcome Economic Spiral', 'Perfect Financial Storm', 'Serious Collapse', 'Drastic Fall', 'Financial Disaster', 'Major Bear Market' and/or an 'Economic Earthquake'...

A bill being considered in the Montana Legislature blasts the Federal Reserve's role in America's money policy and permits the state to conduct business in gold and silver instead of the Fed's legal tender notes. Montana H.B. 639, sponsored by State Rep. Bob Wagner, R-Harrison, doesn't require the state or citizens to conduct business in gold or silver, but it does require the state to calculate certain transactions in both the current legal tender system and in an electronic gold currency. It further mandates that the state must accept payments in gold or silver for various fees and purchases. While...

Actor and longtime political activist Ron Silver died this morning, succumbing to a long battle with cancer, friends of the liberal Democrat-turned-GOP stalwart told The Post. "Ron Silver died peacefully in his sleep with his family around him this morning," said Robin Bronk, executive director of the Creative Coalition, which Silver helped create. "He had been fighting esophageal cancer for two years and his family is making arrangements for a private service." Friends of Silver first told Post columnist Cindy Adams of the native New Yorker's death. The steely-eyed, blunt-talking Silver, 62, enjoyed a long career on the stage, TV...

My fellow Americans: If you had to choose between shrinking the size of government or shrinking the size of your paycheck, which would it be? Chances are you think you're paying enough taxes already. And I agree with you. The trouble is, your opinions don't always count for much in Washington, DC. It seems to be taken for granted here that the Federal Government has an automatic right to grow at your expense. Listening to people talk, you'd almost think government owns your earnings. So, please be a little skeptical when you hear the moaning from Washington's born-again deficit...

President Obama on Saturday struck back aggressively at critics of his $3.6 trillion budget proposal, casting himself as a populist crusader whose "sweeping change" has angered Washington's entrenched special interests, and promised to fight them. "I realize that passing this budget won't be easy. Because it represents real and dramatic change, it also represents a threat to the status quo in Washington," Mr. Obama said in his weekly video and radio address. Mr. Obama's language was combative and confrontational, as he promised to fight for "American families." "I know these steps won't sit well with the special interests and lobbyists...

President Barack Obama's first budget includes $15 billion a year for renewable energy programs and an ambitious plan to raise $646 billion from a carbon reduction proposal. "Because our future depends on our ability to break free from oil that's controlled by foreign dictators, we need to make clean, renewable energy the profitable kind of energy," Mr. Obama said Thursday morning. "That's why we'll be working with Congress on legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy." The plan uses money from a cap-and-trade program — which would allow companies to...

Barack Hussein Obama will propose a massive business tax on greenhouse gases in his FY 2010 federal budget to be presented this week.The massive tax increase and power grab was buried at the end on article on Obama's forthcoming budget proposal in The New York Times:On energy policy, Mr. Obama’s budget will show new revenues by 2012 from his proposal to require companies to buy permits from the government for greenhouse gas emissions above a certain cap. The Congressional Budget Office estimates that the permits would raise up to $300 billion a year by 2020. Since companies would pass their...

I’m thinking we should move to South Carolina. No, not me and the family. The whole city of Yonkers. In June 2008, longtime Yonkers manufacturer Stewart EFI left the city, taking with it a few hundred manufacturing jobs. Then, a few weeks ago, the Precision Valve Corporation, one of Yonkers’s largest employers and a company founded in the city, announced that it was moving to the Palmetto State. Precision Valve vice president Bob Reto explained the relocation delicately: “The decision was driven by the need to operate under the greater efficiencies afforded in South Carolina.” Mayor Phil Amicone, by contrast,...

The earth itself provides many valuable analogies for massive dislocation in the relief of grand energy differentials. In the air, vast differentials between cloud structures in their electrical charge result in sudden lightning bursts as the release. In the air also, vast differentials between high cool masses and low rising warm masses result in powerful ongoing storms in hurricanes. In the ground, more accurately the earth plates, vast pressure builds from the movement of such plates, often with one plate flowing underneath another, leading to massive earthquakes and tremors. We had yet another earthquake in Costa Rica last week, enough...

Widespread use of nanoscale silver will challenge regulatory agencies to balance important potential benefits against the possibility of significant environmental risk, highlighting the need to identify research priorities concerning this emerging technology, according to a new report released today by the Project on Emerging Nanotechnologies (PEN).

Sealed off by grey concrete walls and barbed wire, the workmen in protective glasses and steel-toed boots at this smelter cannot work fast enough to meet demand from the nervous rich for gold. This refinery near Lake Lugano in the Alps is running day and night as people worried about recession rush to switch their assets into something that may hold its value. "I have been in the gold business for 30 years and I have never experienced anything like this," said Bernhard Schnellmann, director for precious metal services at the refiner Argor-Heraeus, one of the world's three largest. "Production...

AugustReview.com [Editor's note: members of the Trilateral Commission and companies with Commission representation appear in bold type.] Since 1973, this writer has made inquiry as to the location and ownership of the vast stores of monetary gold (400 oz., .999 pure bars) in the world. There has not been a formal audit on Fort Knox, for instance, since the Eisenhower administration. Official statistics on gold holdings are often contradictory. Getting plain answers from any Central Bank in the world, including the Fed, is virtually impossible. This paper points out a pattern of manipulation that has been clearly observed by many...