imagesTop trends researcher Gerald Celente pulls no punches when he predicts, “The world is going to war.” Celente says what is happening today happened before, prior to World War II. Celente says the pattern is the same as the one that started in 1929, “crash . . . depression, currency wars, trade wars, and world war.” Celente says, “When you follow the time lines, we are now in the late 1930’s.” But unlike the 30’s, today’s money is not backed by gold or anything else for that matter. So, Celente says, “The banks are forcing . . . governments to keep funding them by flooding money into the system.” Celente predicts, “What’s going to happen when this thing starts collapsing? People are going to be going into gold.” Join Greg Hunter as he goes One-on-One with Gerald Celente.

Gold bullion for delivery in December climbed as high as 1.2% to 5,000 yen per gram on the TOCOM. In ounce terms, the yen fell to 155,180/oz against gold, its highest level since 1980.  According to the data on Bloomberg, the all-time record high for gold priced in yen was 204,850 yen on January 21, 1980. Thus, yen gold remains 33% below the record intraday nominal high from 1980. Given the Japanese determination to devalue the yen to escape deflation, the record nominal high will almost certainly be reached in the coming months. Platinum also climbed 2.7% to 5,130 yen per gram for the same month, the highest level for the most-active contract since May of 2010.

The yen fell by more than 20% against gold in 2012 and analysts are concerned that Prime Minister Abe and his new government’s determination to stoke inflation, devalue the currency and promote growth could lead to further falls in 2013.
Competitive currency devaluations are set to continue and currency wars deepen and such beggar thy neighbor monetary policies will lead to debased currencies, inflation and the real risk of an international monetary crisis.

Zeal020113ASubmitted by Adam Hamilton, Zeal

A MUST READ analysis of global silver mining production since 2001 over the world’s top silver producing nations.

Over the course of silver’s secular bull, the miners have steadily increased production in order to meet fast-growing demand.  And in 2012 while US production declined, global silver mine production exceeded 24k metric tons (770m+ ounces), an all-time production high and 28% increase over 2001.  As an investor interested in silver’s structural fundamentals, this rapid growth begs a question.  Where in the world is this silver coming from?

Submitted by Deepcaster:

Money printing creates illusory wealth and buys time, but if it was truly the answer to a deleveraging cycle, Zimbabwe would be a member of the G10.

The recent Equities Rally and Glimmers of Economic Recovery are Artificial because they have been bolstered up on a Tide of Central Bank created liquidity (via QE etc.).
They have not been generated in the healthy sustainable way by savings and Investment.   Therefore, it is highly likely they are Transitory.

Given the Daunting Challenges facing the U.S., Eurozone, China, Japan, and other economies, and the understandable Investor uncertainty about how these challenges will be met, it is essential to review Key Baseline realities Critical to Profitable Investing.
As repeated Doses of QE become less effective, the Central Banks, specifically The Fed and BOJ, resort to a related Baseline Reality: Money-Printing-to-a-greater Degree than other Central Banks, i.e., to Currency Devaluation.

imagesBloomberg has reported that the US Consumer Financial Protection Bureau is considering taking a role in managing the $19.4 Trillion in American’s retirement accounts.
Yes, you read that correctly, the government agency created in 2010 as part of Dodd-Frank is weighing ‘helping’ Americans manage their retirement funds…naturally by protecting them with the safety and security of Treasury bonds.

As we have been warning readers for nearly 2 years here at SD, the coming risk of confiscation is not in your gold and silver investments (the American public has nothing to confiscate), but in your pension, 401k, and IRA retirement funds through forced allocations of US Treasury paper.

Those who are unwilling to take the tax hit and get out of Dodge in time will likely soon find themselves directly funding the US ponzi scheme through their retirement funds.

By SD Contributor SRSrocco:

GOLD & SILVER = MONEY

ENERGY = MONEY

GOLD & SILVER = STORED TRADE-ABLE ENERGY

Gold & silver will be some of the best stores of value going forward, because they are stores of trade-able energy.  Not only will gold and silver protect ones wealth from the ravages of monetary debasement… but also from the increased costs of energy as well as future shortages.

morris4Submitted by Morris Hubbartt:

US debt negations have been delayed again, by squabbling political parties.  We are told that in May everything will be fixed, but the debt continues to grow, and so does pressure on the US dollar.    
The US dollar is vulnerable to a “loss of confidence” event.  That could create a stunning decline, and a powerful move higher in the price of gold. A key level that I watch on the US dollar chart is the 80.50 area, which never seems to hold for very long.

This chart has numerous head & shoulders top patterns on it, and it closed out the month of January below 80.50, which is a very ominous sign for dollar holders, and great news for gold! 
As this debt crisis continues to unfold, I expect more investors to transfer money from paper gold products to physical gold.  

After 7 years of degrading precious metals investors and GATA, Kitco has finally let go bullion bank apologist and gold and silver perma-bear Jon Nadler.

Apparently 7 consecutive years of predicting massive declines in the midst of bull markets for gold and silver finally caught up to Nadler as Kitco stated that We are dedicated to having the best-of-the best expert analysis on Kitco.com.

While we would like to say we wish Nadler all the best in his career pursuits, we don’t recommend wasting your ink submitting a resume to SD, Jon.

boa-down*Update- several readers have confirmed that BOA ATM’s are still functioning

Bank of America’s online banking system has crashed, with reports coming in that BOA debit cards are also not functioning.
Not surprisingly, the reports indicate BOA systems are having no difficulties receiving cash…naturally it’s all outgoing funds that are the problem.

empty COMEX vaultToday was first notice day for February delivery in gold, and as usual, we had a waterfall raid in gold to $1655.  The cartel MO has long been to raid gold and silver on options expiration as well as first notice day, to help prevent longs from standing for delivery.

While the the cartel raid was successful based on the paper futures price, it was an epic fail based on physical gold delivery requests, as a monumental 1.391 million ounces, or 43.26 tonnes of gold stood for delivery today on first notice day

To put this number in perspective, December delivery in gold, which is traditionally the largest delivery month of the year, saw less than 10 tonnes stand for delivery. 

Has the Buba’s gold repatriation request ignited a full-fledged run on the cartel gold bank?

imagesGuest Post

Silver will benefit on multiple fronts in 2013. As the global economy picks up, industrial demand will escalate as well. As interest rates rise to curtail inflation, silver should win again, leading experts to believe that silver will be the top performer in the group. According to Joni Teves, an analyst for UBS, “Ultimately it is still the vote of confidence coming from investors that will have the more powerful impact on the silver market. More work needs to be done to encourage market participants to become more active in silver again – less violent price action and/or a stronger price uptrend are likely to attract flows. We have held the view that silver is poised to outperform in a QE environment.

gold cartel shakes the treeJim Sinclair has sent email subscribers an email alert regarding the latest take-down of the gold market by the bullion bank cartel. 
Sinclair states that the latest actions are not motivated by paper profits, but are an attempt by the cartel to shake free real physical gold bullion from weak hands in the cash market.    Gold is going to and through $3500 in the reasonably near future. The point of this entire operation was to shake the tree to accumulate not in the paper market for gold, but real free gold in the cash market.

The gold banks are short the real Mccoy, and are desperate for precious metal investors to liquidate their physical holdings in a panic.
Sinclair states that all that is necessary to win the battle is to do nothing, ie hold on to your gold.

Sinclair’s full update is below:

J.P. Morgan Chase & Co. said gold will rise to $1,800 an ounce by the middle of 2013, with the mining industry in South Africa “in crisis,” according to Bloomberg.
South Africa, once the largest gold producer, faces industrial unrest, high wage inflation and adverse regulatory changes for local mines, Allan Cooke, an analyst at the bank, said in a report dated today.

Gold will get a boost from prospects of more stimuli from the U.S., Japan and Europe, the potential for escalating instability in the Middle East and low interest rates, according to the report.
Geopolitical risk from the Middle East and the risk of war between Israel and Syria and Iran remains seriously underestimated by market participants and will provide support for both oil and gold.