gold vault

The bankers tried to contain gold/silver ahead of the decision by the ECB to undergo a 1.14 trillion euro quantitative easing.   It just did not work as gold and silver caught some bids and closed higher on the day.
We will detail for you the big decision by Draghi to undergo QE.  However 80% of the liability rests with national central banks and most are broke anyway.  So placing further liability on their heads is pointless.
The real news is that the Chinese are setting up a currency exchange with the Swiss in Zurich and this no doubt was the cause of Switzerland immediately abandoning the peg with the Euro.
China will also use Switzerland as a key centre of gold trading.

The fear in the E.U. is spreading, and spreading fast.  
From a widespread economic slow-down, brought on by ill-advised sanctions against Russia, to full-on banks in Greece, to saber thrusts of overnight currency revaluations….

Folks are starting to wonder if they will be the next victim!
The fall-out from the Swiss move will continue to reverberate.
The ripples will grow louder, larger, and more complex.
The question is, what derivative markets were roiled, and what payouts will be triggered, either directly or indirectly, from it?

The dominoes have been set in motion.  They are falling!

goldcore_bloomberg_chart3_22-01-15Mario Draghi is preparing to unveil QE today as the ECB looks certain to announce it’s much anticipated quantitative easing (QE) program. The move to print up to €1 trillion euros in the coming months appears to be a fait accompli although it will occur against a backdrop of strong German resistance and many concerns.
Gold remains very undervalued and we expect it to continue to make gains as fiat currencies continue to be devalued.
The possibility of the very sharp abrupt spike in gold prices, akin to the Swiss franc, is a real one. 

The Swiss Franc jumped 40% in 13 minutes…GOLD COULD DO THE SAME!!

JP Morgan

The destruction wrought by the endless creation of fiat money is reaching a terminal phase. As spreads and carry trades are unwound, the effects have been devastating to individual commodities and this will soon spill over the entire global “economy”.
What started as a selloff/correction, perhaps initiated as a covert sanction regime against Russia, has become an outright bloodbath. 


Here we go again.  The second Bush administration successfully used propaganda and spiked intelligence to fabricate vastly exaggerated claims that Saddam Hussein possessed an active weapons of mass destruction program right up to the US invasion of Iraq.
Now, the Obama Administration and allies (Germany, in particular) appear to be setting the stage for outdoing Bush administration lies… 


Our own Eric Dubin joined Wall Street for Main Street this week, discussing his thoughts on the Swiss de-pegging from the Euro, the big move in progress for gold, silver, and the miners, and what looks like a MASSIVE QE announcement by the ECB in the second half of the week
Has the gold and silver rally just begun? 
Eric Dubin’s full interview with Wall Street for Main Street is below: 


Today, once gold surpassed the 1300 dollar level, one could guess that the bankers were going to defend their turf and they most assuredly did  with a raid this morning. 
Surprisingly silver did not follow gold.  Silver surpassed the 18.00 dollar level and stayed there for the rest of the day.

police spying

The intentional erosion of public privacy is no accident. It’s not merely a simplistically stupid overreaction to the dangerous world we live in either. It is a very deliberate and nefarious plan being intentionally implemented by the American oligarchy; i.e., the super rich and the super powerful. This is precisely why the establishment freaked out about the Edward Snowden revelations, and it is why every single minor event is immediately manipulated into an excuse to give the government and intelligence agencies more power.
While we already know a lot about the NSA’s unconstitutional and fascist policies when it comes to the web, the decimation of the 4th Amendment is also being eagerly practiced at a more local level by police departments across the country:

Nearly every major post-9/11 terrorism-related prosecution has involved a sting operation, at the center of which is a government informant.
In these cases, the informants — who work for money or are seeking leniency on criminal charges of their own — have crossed the line from merely observing potential criminal behavior to encouraging and assisting people to participate in plots that are largely scripted by the FBI itself.
Under the FBI’s guiding hand, the informants provide the weapons, suggest the targets and even initiate the inflammatory political rhetoric that later elevates the charges to the level of terrorism.

year of the goat gold bullion coin 2015 2January is the time of the year for the Chinese to buy golden gifts for their love ones.
And that is exactly what they are currently doing en masse, according to the latest data from the Shanghai Gold Exchange (SGE).

liquid gold

A new force that is bullish for gold has unexpectedly appeared, which is the Swiss franc’s mauling of the US dollar.
The franc has a stellar track record of being a hard currency, and a key lead indicator for the price of gold.

Please view the monthly chart of the dollar versus the franc below. The dollar has essentially imploded.
Entire brokerages and funds have been destroyed, as the dollar has gone into “meltdown mode” against the franc.
As painful as it’s been for these dollar bugs, I think there’s much more pain to come.
Here’s why: