morris4Submited by Morris Hubbartt:

The dollar’s huge head and shoulders top formation is maturing.  The target is 72. It will be activated when the dollar closes under 78, for two consecutive days.  A breakdown under 78 should be accompanied by gold breaking above $1800.

Over time, markets oscillate from undervaluation to overvaluation. The chart below demonstrates how gold stocks go from one extreme to the other, forming a channel that can be bought and sold.
In terms of undervaluation, gold stocks are now stretched to the point of challenging the 2008 panic low! 

bill murphy chris powellFor those unable to attend the 2013 Vancouver Resource Investors Conference last weekend, Cambridge House has released Bill Murphy and Chris Powell’s full presentation on the state of GATA’s efforts to bring the attention of the cartel’s gold and silver manipulation into the public domain.

Powell discusses GATA’s recent findings demonstrating manipulation of the gold market by Western Central Banks, and discusses the importance of the Bundesbank’s request to repatriate 674 tons of German gold by 2020.

GATA’s Chris Powell & Bill Murphy’s full 2013 VRIC presentation is below:

gold and evilLegendary gold trader Jim Sinclair has sent email subscribers another alert this weekend regarding Friday’s cartel take-down of the gold market. 

Sinclair states that Gold is the ultimate battle between good and evil. It is the ultimate battle between deficits and surpluses. Gold is the battle between paper currency backed by nothing and guaranteed by nothing versus sound money. This period of the market is the deciding battle of the Mahabharata. This period, today, is an attempt to drive you out of your wits, which is in my opinion the last and largest attack you will see perpetrated on us before gold closes over $3500. This period of pain will not be measured in months, but counted in history as days.  The gold banks are not stupid but they are a form of Wile E. Coyote.

Regarding the waterfall declines in the gold and silver Sinclair states that Nobody is so stupid as to announce they want to sell a major part of one year’s production of gold or silver when there is no market to absorb any reasonable part of it and that the banksters attacking gold ”are truly devils. They have not one redeeming human qualitySinclair’s latest alert is below:

Submitted by Deepcaster:

The Market Price of virtually any Asset is arguably primarily a result of Competing Forces.
But 2013 is Unique in that there are Especially Strong Forces impelling many markets up, and there are especially Strong Forces impelling markets Down, Catastrophically Down.
So we evaluate the prospective results of this “ Force Competition” and Forecast accordingly as follows:

Regarding the Inflation / Deflation Issue, it is widely recognized that The Fed, ECB, and now the Bank of Japan are flooding their economies with cheap paper in the form of Fiat Currencies and Treasury Securities.
Indeed, thirty-eight countries are now pursuing a Negative or Zero Interest Rate policy. What is not so widely recognized (because Official figures are Bogus) is that this flooding (i.e., Monetary Inflation) is already generating High and increasing Price Inflation (9.4% in the U.S., e.g. per shadowstats.com).
Yet there are also Sectors which are Deflating.

big oneLegendary gold trader Jim Sinclair has sent another email alert to subscribers today, warning that the current reaction in gold is the big one, and the last play by the bullion banks to denude gold and silver investors of their positions.    Sinclair states that fundamentally, we are approaching the period where gold and silver will achieve their greatest gains of the entire bull market in the shortest period of time, and that The paper gold market is being used to shake the bullish tree harder this time than any time before because of what is to come.

Sinclair states that the big move is imminent in gold!:  We are right in front of that time when the market performs a classic bottom both in shares and physical. From this point gold is going to and through $3500.

Sinclair’s full alert below:

maag-1-2013.gifEric Sprott has released his latest MUST READ Markets At a Glance newsletter: Ignoring the Obvious.

The purpose of asset purchases by the Fed might no longer be improvements in the real economy, but rather a more subtle financing of U.S. government deficits. However, in the long run, expanding the money supply inevitably leads to inflationary pressures. Luckily for the Fed and the U.S. government, there is so much slack in the labour market that inflation might be years away. And, if we are right about the long run unemployment rate being structurally higher, then the Fed has all the room it needs to continue Quantitative Easing (QE) to infinity. This might allow them to continue to hide the true financial position of the government for many years to come.

Nonetheless, the rising GAAP deficit and the sheer size of the U.S. Federal Government’s liabilities to its citizens makes it clear that one day or another, services (health care, social security) will have to be cut. Financial alchemy can hide reality, but it does not provide any tangible services.

Europe’s (unresolved) experience with its debt crisis provides an insightful window into the future. Austerity measures in Ireland, Portugal, Spain and Greece have caused tremendous pain to their citizens (25% unemployment rates) and wreaked havoc in their economies (double digit retail sales declines).

Are we going to ignore the obvious?

With last week’s announcement by the Bundesbank of the repatriation of 674 tons of German gold from Paris and NY over the next 7 years, we predicted that an avalanche of gold repatriation requests would soon be made to the BOE and the NYFed. 
It appears that Switzerland may be next to the game, much to the dismay of the SNB.  The Swiss gold initiative, an initiative to Secure the Swiss National Bank’s Gold Reserves, launched in March 2012 by four members of the Swiss parliament, has grown to 90,000 supporters. 
Once 100,000 supporters are achieved, the Swiss Parliament must take up the referendum

The initiative asserts that the Swiss people should have a right to vote on 3 things, none of which will please the banking cartel:

It appears Obama is attempting to turn on his bankster handlers, as news Friday surfaced that Mary Jo White, the prosecutor who busted the NY mob has been tabbed to head up the SEC.
White would become the first ever former prosecutor to lead the SEC.

Are the first real bankster prosecutions of the financial crisis imminent?

geico cancels insuranceAn SD reader has sent us his notification of cancellation of auto insurance from GEICO effective 1/22/13 due to the fact that ”the vehicle does not meet our underwriting guidelines because it is used in conjunction with a company that deals in the weapons industry”.

First Bank of America began confiscating the funds of firearms dealers, now GEICO believes it can cancel service for anyone working in the firearms industry. Who needs gun bans when the the banksters are more than willing to do the dirty work and pull strong armed corruption Chicago style stunts?

Submitted GEICO (Government Employees Insurance Company) notice of cancellation of insurance letter is below:

gold rushBy SD Contributor SRSrocco:

What is taking place in North Dakota is the same thing that took place during the 1848-50’s California Gold Rush.  And that is a Big Migration of people with very little in the form of housing and services.

ALL BOOMS behave the same way.  After the BOOM, comes the BUST.  The N.D. Bakken Boom won’t be any different.

The World Gold Council and leading academics and international think tanks believe that using a portion of a nation’s gold reserves to back sovereign debt would lower sovereign debt yields and give some of the Eurozone’s most distressed countries time to work on economic reform and recovery. According to research done by the World Gold Council using the European gold reserves as collateral for new sovereign debt issues would mean that without selling an ounce of gold, Eurozone countries could raise €413 billion. This is over 20% of Italy’s and Portugal’s two year borrowing requirements.  The move to back sovereign bonds with gold would lower sovereign debt yields, without increasing inflation, which would help to calm markets. This should give European countries some vital breathing space to work on economic reform and recovery. Some citizens would be concerned that there may be a risk that the sovereign nations who pledge their gold as collateral could ultimately end up losing their gold reserves to the ECB, or whoever the collateral of the gold reserves are pledged to, in the event of a default. (Doc’s note: Bingo!- banksters plan)
Unlike currency debasement and the printing and electronic creation of money to buy sovereign debt, under schemes such as Draghi’s “outright monetary transactions” (OMT), the use of gold as collateral would not create fiscal transfers between Eurozone members, long term inflation or currency devaluation risk.

Silver MapleOver the weekend we gave SD readers a unique inside look at the developing shortage in silver from a wholesale perspective.
On Monday, we updated readers that the shortage appeared to be spreading to Canadian Maples, as wholesale premiums had been raised several times throughout the day.
The shortage of Canadian Maples has now been confirmed, as our primary suppliers at SDBullion have confirmed with us this morning that the Canadian Mint has begun allocating the supply/ purchases of 2013 Canadian Maples

mqdefaultCalifornia Senator and concealed weapon carrier Dianne Feinstein unveiled her draconian fascist gun ban today, in a spiritually hyped assembly that literally broke Washington DC gun laws by displaying dozens of semi-automatic weapons on the stage….Once again your elected representatives demonstrating that laws only apply to non-banksters and politicians.

Feinstein’s quote of the day: there is  No 2nd amendment right to bear every type of weapon.
That’s right Ms Feinstein, we’re sure George Washington, Ben Franklin, and John Hancock meant that pea shooters and spit wads were protected under the 2nd amendment, but not semi-automatic firearms.

The Assault Weapons Ban of 2013‘s full gun ban list is below:

CFTC Commissioner Jill Sommers, who is famous for voting in favor of TBTF bankers interests nearly 100% of the time has just announced her resignation from the CFTC.

In other news, The Vampire Squid and The Morgue are duking it out vying for an alumni to replace Sommers.

Full statement below:

russian-gold-reserves-smallThe editor of Marketupdate, a Dutch website about gold, silver, currencies and the financial crisis has sent us 2 MUST SEE charts documenting Russia official accumulation of gold reserves from 1996-2012. 
It should not come as a surprise to SD readers that Russia’s official gold reserves are up nearly 5 fold in the past 6 years, from approximately 200 metric tons in 2006, to nearly 1,000 by the beginning of 2012. 

Russia’s accumulation also puts into crystal clear perspective the shocking totals the Chinese are accumulating, at nearly 1200 metric tons/YEAR!

Chart(s) of the day below:

imagesOur friend Sean from SGTReport has released an interview with Mike Krieger of LibertyBlitzkrieg.com discussing the perceived silver shortage – is it real, or just hysteria? Is Apple really having a hard time securing physical silver for fabrication as one of their contractors claimed last week? They discuss the Central Banks and the world powers aligned against humanity, the fight for liberty and the Second Amendment – and Liberty’s last line of defense.

Full interview below:

By SD Contributor SRSrocco:

As I stated in the title… the Mining Industry is always one step behind.  Now that they are COMING CLEAN with CASH COSTS… they still haven’t mentioned the upcoming ENERGY CRISIS.

MUM’S THE WORD….

Of course we will hear about the negative implications of the future energy crisis as it impacts the mining industry…. AFTER, and I did say…A-F-T-E-R the ramifications are already felt.

Everyone should keep gold in their portfolios” as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber, the publisher of the Gloom, Boom & Doom report. “In the worst case scenario, in the systemic failure that I expect, it would still have some value,” Faber, who is also the founder and managing director of Marc Faber Ltd., said today at an event hosted by Evli Bank Oyj in Helsinki. Faber said his outlook was so bleak that he is “hyper bearish”. He joked that “sometimes I’m so concerned about the world I want to jump out of the window.”.. In response to a question from Yale University’s Robert Shiller querying the recommendation to hold gold, Faber said: “I’m prepared to make a bet, you keep your U.S. dollars and I’ll keep my gold, we’ll see which one goes to zero first.” Shiller, who is the co-creator of the S&P/Case-Shiller index of property values, responded “I’m inclined to think gold prices after this crisis might return to a lower level. Given the low yields of the alternatives [ie, bonds], the valuation of the stock market doesn’t look so bad.” Faber, whose advice has protected millions of investors in recent years, warned of a global systemic crisis possibly due to massive size of the global derivatives market which is now worth over an incredible $700 trillion. He warned “when the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system.”

imagesFraud and criminal conduct were at the heart of the financial crisis. More than 4 years later, no one has gone to jail, and no one has been held accountable. Why did justice back off? Did the government fail?

In this MUST WATCH documentary The Untouchables, FRONTLINE investigates why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages and the 2008 financial collapse.

silver shortageGermany recently announced it was moving some of its gold back to the homeland. Investment manager Tom Cloud says, “People are starting to pull away and take care of themselves. . . . You don’t want to be the last guy holding the bag.” In his 35 years of investing, Cloud says, “I am now seeing countries buying gold that are talking to me. . . We have banks buying the heaviest they have ever bought.
When it comes to silver, Cloud contends, “There is a real shortage out there. . . . You’ve got industrial buyers competing with the investor.” Cloud predicts, “There will be a time we’ll see a parabolic rise in the price of gold and silver, but we’re not there yet.” Join Greg Hunter as he goes One-on-One with Tom Cloud of CloudHardAssets.com.

hyperinflationLegendary gold trader Jim Sinclair sent subscribers a shocking and MUST READ email alert last night regarding the possibility that the dollar as reserve currency will enter the initial stages of hyperinflation by mid-year, and the effects the debasement of the dollar will have on gold.
Sinclair states that by midyear of 2013 the US Federal Reserve will have to make a decision in order to keep the US bond market which is US interest rates at the low levels that have been promised until employment has made a sustained recovery and that The Fed’s defense of the US bond market is demanded by the huge pile of original and old OTC derivatives that still haunt the monetary system as specific performance contracts with any financing floating in cyber space. This could drop the US dollar below .7200 to .5600 on the USDX in a short period of time.

Sinclair states that the effects of the Fed’s increased pace of quantitative easing will lead to severe cost push inflation, a derivative of hyperinflation running from mid 2013 through 2017, and that This will be the entrance to the second phase of the gold market ascendancy. Gold got to $1900 on threatened systemic failure. Gold will go to $3500 and above on pure monetary fiat currency concerns.

Jim Sinclair’s full MUST READ alert on the imminent cost-push inflation/hyperinflation of the US dollar due to QE∞ is below: