Gokhran, the State Precious Metals and Gems Repository, is a state institution under the Russian Ministry of Finance, responsible for the State Fund of Precious Metals and Precious Stones of the Russian Federation, is set to start buying gold again on the domestic market in 2014 after a two-year break.  Annual purchases by state repository Gokhran may also include palladium and silver.
State-run news service reported, citing an unidentified official with knowledge of the matter, that Gokhran may buy 7 to 10 tonnes (225,050-321,500 troy ounces) of gold in addition to purchases of the Bank of Russia, the Russian central bank.
Gokhran’s holdings are not part of Russia’s more than $500 billion in gold and foreign exchange reserves held by the central bank, which include 32.0 million troy ounces of gold, according central bank data as of May 1.

gold volcano eruptionThe trillion dollar question is what is really going on with metals?  No one is selling, everyone is buying, drying up supplies and sending premiums through the roof. I will tell you and make it as clear as I can. I will detail for you the exact reasons behind the scenes from the board room strategies to the public market.
We are witnessing a grand chess game being played out right before us.

Broke nations are bailing out other broke nations with borrowed money.  Round and round we go – where we stop nobody knows.  As of April, 41 different countries had active financial “arrangements” with the IMF.  Sometimes they are called “bailouts” and sometimes they are called other things, but in every single case they involve loans.  And most of the time, these loans come with very stringent conditions.  It is a form of “global governance” that most people don’t even know about.  For decades, the IMF has been able to use money as a way to force developing nations to do what it wants them to do.  But up until fairly recently, this had mostly only been done with poor nations.  But now an increasing number of wealthy nations are turning to the IMF for help.  We have already seen Greece, Portugal, Ireland and Cyprus receive bailouts which were partly funded by the IMF, Spain has received a bailout for its banking sector, and as I noted yesterday, it is being projected that Italy will need a major bailout within six monthsHow long can this go on before the entire system collapses?

ron-paul-dont-steal-government-hates-competitionSuccessive US administrations over the decades have supported all sides in Egypt, from dictator to demonstrator to military. There is only one side that the US government has never supported: our side. The American side. It has never supported the side of the US taxpayers who resent being forced to fund a foreign dictatorship, a foreign military, and foreign protestors. It has never supported the side of the majority of Americans who do not wish to get involved in the confusing internal affairs of countries thousands of miles away. It has never supported the side of those of us concerned about blowback, which is the real threat to our national security.
Unfortunately, US administrations continue to follow the same old failed policies and Obama is no different. More intervention, more foreign aid, more bullying, more empire.

gold crashAre the central banks of the world starting to lose control of the financial markets?  Could we be facing a situation where the bond bubble is going to inevitably implode no matter what the central bankers do?  For the past several years, the central bankers of the planet have been able to get markets to do exactly what they want them to do.  Stock markets have soared to record highs, bond yields have plunged to record lows and investors have literally hung on every word uttered by Federal Reserve Chairman Ben Bernanke and other prominent central bankers.  In the United States, it has been remarkable what Bernanke has been able to accomplish.  The U.S. government has been indulging in an unprecedented debt binge, the Fed has been wildly printing money, and the real rate of inflation has been hovering around 8 to 10 percent, and yet Bernanke has somehow convinced investors to lend gigantic piles of money to the U.S. government for next to nothing.  But this irrational state of affairs is not going to last indefinitely.  At some point, investors are going to wake up and start demanding higher returns. and we are already starting to see this happen in Japan. 
Wild money printing has actually caused bond yields in Japan to go up.  What a concept!  And that is what should happen – when central banks recklessly print money it should cause investors to demand a higher return.  But if bond investors all over the globe start acting rationally, that is going to cause the largest bond bubble in the history of the planet to burst, and that will create utter devastation in the financial markets.

In Japan, gold bullion demand in 2013 is twice the levels seen in 2012. Japanese gold imports have doubled to 7,686 kilograms from January to May verses 2,994 kilograms the prior year noted data from Japan’s finance ministry.
Many Japanese are now buying gold as a diversification and as insurance due to the risks of volatility in stock markets and of a further devaluation in the yen.
Abenomics has seen the yen fall 15% against the greenback year to date, its lowest since 2008.
Gold in Japanese yen depreciated 15% this year while gold in dollars sank 27%. On the TOCOM (Tokyo Commodity Exchange) the yellow metal hit a record of 5,081 yen a gram ($1,562/oz) on February 7th as the yen deteriorated.

gold nugget“The compounding debt is the monster that is eating the U.S. The only way out is to renege on the debt or try to pay it off with inflation or hyper-inflation. The bull market in bonds is over. From now on, we’ll be dealing with a bear market in bonds, at which time natural forces will drive bonds down, and as bonds fall, interest rates will rise.
Since 1982, rising bond prices in the bond bull market and falling interest rates have buoyed stocks and encouraged Americans to borrow and leverage. Them days are now gone. Coming up is payback time. That’s the down-to-earth story. All else is daily news and noise and rumors and waiting.

What would you do if you knew that the government had tapped all of your phones, was watching everything that you do on the Internet and was keeping a copy of all of your emails?  Well, the truth is that this is essentially exactly what is happening right now.  Over in the UK, a British intelligence agency known as Government Communications Headquarters (GCHQ) has tapped into the cables that all of our phone calls and all of our Internet activity go through.  All of the information that goes through those cables – phone calls, Internet searches, Facebook activity, emails, etc. – is gathered, recorded and stored by GCHQ.  This information gathering program is referred to as “Tempora”.  It is being reported that GCHQ records 600 million “telephone events” every day.  In addition, GCHQ shares all of the data that it gathers with the NSA.  Reportedly, there are 850,000 people in the United States that have top secret clearance that have access to this data.  Needless to say, nothing that you do on your phone or on the Internet will ever be “private” ever again.

Zeal070513AAs gold has plunged in the past couple months, yields on benchmark US 10-year Treasury Notes have soared.  Many Wall Street analysts claim these rising long rates are very bearish for gold, and have exacerbated its recent weakness.  Since the metal yields nothing, higher bond yields make investing in gold less attractive.  This thesis certainly sounds logical, but do rising long rates really threaten gold?
Like any market theory, this one is best tested against the record of history and precedent.  If rising or higher bond yields hammered gold prices in the past, then the gold bears’ warnings about their impact this time around are probably justified.  And given the extraordinary surge in 10y Treasury yields in the past couple months, gold investors really need to consider how these yields affected gold historically.

MH2The Federal Reserve chairman recently talked about reducing QE.  The bond market was looking a little toppy before he spoke, but now it looks like a huge bear market may be startingThe technical indicators on this chart are showing major sell signals. This type of situation doesn’t happen very often, and if the technical continue to deteriorate, a bond market recovery may not occur unless the Fed actually increases QE.   The head & shoulders top formation is signaling a decline is coming, to the lower channel.  Note the head & shoulders top pattern.  The target is about 130.
An institutional loss of confidence in the world’s largest market appears to be gaining a lot of momentum.

The gold market is certainly washed out, and hopefully ready to move higher.  Price bounces from downward parabolic moves (inverse parabolas) tend to be dramatic.
Once gold breaks free from the grip of this powerful inverse parabola, I am projecting a violent move to the $1580 area

Next week and over the rest of the summer, it’s going to become harder for the Government to lie about what’s really going on the economy as the evidences of the truth will become more apparent to everyone.
As for today’s employment report, to say I’m nearly speechless over how just absurd it is would be nothing more than social correctness.  I hope everyone takes note that 322k of the supposed jobs created were part-time – full-time jobs declined by 240k.  I’m not going to take the time to dissect the entire report – you can go to Zerohedge for that.  It’s really a waste of time to try and analyze fraudBut here’s my thoughts:

july 4thAs the Independence Day weekend continues, we thought it apropos to post a screen capture of what has been trending on twitter in honor of the 4th of July, celebrating the US Declaration of Independence from the British on July 4th, 1776.
The jaw-dropping image below clearly demonstrates why the average American has no problems or issues with a fascist government that has already negated nearly all of the Bill of Rights that represent all of what is supposedly celebrated on the 4th.

Must See trending timeline screen shot is below:

rocketThe stage is set for the large bullion banks to profit from a rally. Expect a rally.
The silver and gold markets are deeply oversold and sentiment in both markets is very low. Are silver and gold investors currently disgusted and disappointed or happy and excited? Right! Rallies occur when practically everyone is disappointed, disgusted, or frightened out of the market. It was the same with the S&P (March 2009, October 1987) and crude oil (December 2008) and gold (October 2008).
Now is a time to buy gold and silver, not sell them.
Silver and gold sentiment and indicators are at multi-year, multi-decade, or all-time lows. The indicators and sentiment suggest the high probability of a substantial rally ahead.