Rather than source the abundance of information currently available regarding Chinese demand, Goldman chooses instead to use the Bloomberg/IMF data for their chart and research report. This is the same GoldmanSachs, mind you, that tells their clients that gold is heading to $1050 (http://www.cnbc.com/id/101220299), all the while accumulating shares in the GLD at a rate four times faster than anyone else on the planet and acquiring 1.45 million oz of gold from Venezuela! [Read more...]
Central banks are always selling gold, and nobody is ever buying it.
If the brilliant economists running our central banks are selling their gold, then it is obviously a bad time to buy… and the press assures me that central banks are almost always selling gold. And apparently, nobody ever buys it.
Yes, it’s never a good time to buy gold. Ever.
Jim Sinclair opines on the Bureau of Economic Analysis’ changes to GDP calculation announced Wednesday, which will add 3% to official US GDP (or an economy approximately the size of Belgium) by counting research, development, and copyrights as part of the GDP calculation for the first time.
Apparently the only way to delay recognition of the latest recession (for 2 quarters perhaps?) among the mainstream is to blatantly manipulate the calculation by a whopping 3%.
MOPE at its finest. [Read more...]
In testimony yesterday on Capitol Hill before the Senate Banking Committee, Federal Reserve Chairman Bernanke remarked:
“Gold is an unusual asset. It’s an asset that people hold as disaster insurance. A lot of people hold gold as an inflation hedge. But movements of gold prices don’t predict inflation very well, actually. But anyway, the perception is that by holding gold you have a hard asset that will protect you in case of some kind of major problem.
I suppose that one reason gold prices are lower is that people are less concerned about extreme outcomes, particularly negative outcomes and therefore they feel less need for whatever protection gold affords…Gold price going down is not necessarily a bad thing from that perspective. It suggests people have somewhat more confidence, and are less concerned about really bad outcomes.” (Editor note: Really? Gold began a massive paper smash only days after bullion bank ABN Amro defaulted on allocated gold accounts because investors are less concerned about really bad outcomes??? More like: We intervened to take down the futures price of gold due to systemic risk of an imminent bullion bank collapse & contagion!) [Read more...]
It didn’t take long for the hoards of zombie bank analysts to come out with their bearish precious metal forecasts now that the price of gold and silver are down 25% and 40% respectively since the beginning of the year. Coming straight out of the bankers play-book, it looks like we should get used to seeing more of this sort of high quality analysis in the future.
While its true that not all bankers or analysts see gold and silver as a threat, the overwhelming majority do.
The whole global banking system is based on a fiat monetary system that is still becoming weaker each passing day. Gold and silver are a real threat to the banking system because they offer a competing monetary currency that has 2,000 years worth of solid experience. [Read more...]
The action behind the scenes is often the polar opposite of what the mass media reports. Smart money has been executing their heaviest buying in physical gold and silver markets in about 5 years, and in some cases, in more than a decade.
If you desire the truth versus propaganda, you will be in a much better position to understand reality if you turn off your TV, put down the New York Times and the Wall Street Journal, and start relying on independent and alternative media sources instead. Otherwise, if one depends on mainstream news for their investment decisions, one will be apt to believe that they are “educating” themselves when in fact, the fascist banking/government machine is merely “reprogramming” them, after which, one will become so brain-dead that they will not even pay $25 for a 1-oz gold coin.
Between now and the next few weeks, despite continuing volatility, will likely be one of the absolute best times to buy gold/silver assets of the entire bull market due to the banker executed paper-gold raid this past April yielded a 7-sigma event, that according to Wikipedia, should happen only once every 1 billion years, thus again proving beyond a shadow of a doubt that the global bankers executed fraud of epic proportions during their latest raid.
There is something very strange taking place in the financial markets presently. Main Stream Media has actually convinced the majority of investors in the west that gold is now in a bear market while the real value is found investing in stocks and bonds. It’s one thing to invest in equities or treasuries when they are undervalued, but to promote these assets when they have become the biggest bubble in history… is quite insane. The world has been turned upside down. Real value today is bad, and lousy values today are good… very strange. This is especially true for the ZOMBIE BANKING SYSTEM.
On the other hand, gold and silver prices have been severely beaten down and are now extremely undervalued. This is actually the right time to be buying precious metals while exiting positions in stocks and bonds. However, the exact opposite is taking place in the west as investors dump precious metal contracts and purchase overpriced equities. Furthermore, hedge funds now hold the highest number of gold short positions ever.
So, the question remains, how on earth can gold and silver be selling off when the broader markets are in a massive bubble and the rest of the financial world is a compete mess? There’s a simple answer:
Banks Selling Garbage for a Premium [Read more...]
Here we go again! With the cartel’s gold smash stalled at $1386, breaking across the wires is a Bloomberg report that Cyprus Finance Minister Haris Georgiades has just stated that Cyprus will liquidate its gold reserves within the next few months.
Now we know why the Cyprus gold sale story was refuted 48 hours after the initial report: so the MSM could re-cycle the news and use the threat of the same tiny 10 ton gold sale as an excuse for another future paper raid.
Still no mention from Bloomberg or any other MSM source about last weekend’s collapse of Rio Tinto’s Kennecott mine in Utah, which wiped out 5 million ounces in annual silver supply, and 500,000 ounces of annual gold supply. [Read more...]
By SD Contributor SRSrocco:
STRAIGHT FROM THE JACKASS’S MOUTH…
Jeffrey Christian today proudly proclaimed on Mineweb that the gold bull market died in 2011, and that he correctly made that call 2 years ago.
As all of you know, Jeff Christian is CPM Group. Funny that he says the Gold Bull Market Died in 2011.
Let’s bring back one of his wonderful forecasts for silver from Financial Sense Round Table back in 2011: [Read more...]
The propaganda has turned openly laughable. On the popular major financial news networks, the recent decline in the so-called Gold price has prompted quite the parade of clowns on the ship of fools to trumpet nonsense. The widely published and posted Gold price is dominated by futures contracts, and thus as corrupted as meaningless.
The entire global financial structure is crumbling before our eyes. The gang of central bankers has applied their monetary policy for four and a half years since the implosion of Lehman, Fannie Mae, and AIG. The first is dead, while the second has transformed into a sanctioned subprime lender again, and the latter is a sinkhole. The deceptive messages are shrill, acute, and motivated from desperation. The West cannot solve its problems, hardly properly described as a financial crisis anymore, under the current framework bound to the fiat paper currencies.
The global monetary war is heating up notably. The heavy liquidity has caused unfixable distortions in every conceivable bond market niche. The new and better debt devices have been exposed for their shams. The leading central bankers lost their credibility long ago. The weakness is as broad as it is deep, a reliance upon paper wealth and paper structures and paper contracts, during a time of zero bound interest rates and unfettered hyper monetary inflation to cover the debts. Almost no foreign USTreasury Bond buyers exist anymore.
The US has become Weimar Amerika, a fascist enclave. [Read more...]
Submitted by Deepcaster:
All Investment Cognoscenti know that The Fed’s “Communication Policy” is aimed at Financial and Market Ends, not at Truth. (Here, should we rely on The Fed’s earlier expressed “Guidance,” or this week’s “Scaling Back” Hint? They can not both be True.) Indeed that Policy could well be paraphrased “Tell whatever Lie you need to, to achieve your Goals.”
Those recently released Minutes, for example, achieved a Primary Fed Goal of blowing the Gold and Silver Prices down through Major Resistance, and a Secondary one of cooling somewhat inflated Equities and Commodities Prices. As leader of The Cartel (Note 1) a Cornerstone of The Fed’s Policy is, and has long been, to suppress Gold and Silver Prices, lest they further devalue their Fiat Currencies and Treasury Securities, and so they will not alarm the Hoi Polloi about the intensifying Price Inflation (e.g., 9.24% in the U.S. – Note 2) which their Ongoing Monetary Inflation is increasingly producing. [Read more...]
As expected here at SD, the latest Fed minutes are pure propaganda claiming the Fed may end QE soon as the economy is recovering more quickly than expected. This is as even Walmart’s sales are crashing.
Cue the anticipated smash in gold and silver.
and….Gold & silver dropping vertically as expected. Unbelievable.
Full Fed Minutes release is below: [Read more...]
Jim Sinclair sent an email alert to subscribers Saturday, and stated that the recent decline in sales at Walmart exposes the fact that contrary to MSM MOPE, the US economy has flat-lined and expired.
Sinclair states that there is simply no other tool other than gold that can now repair the balance sheets of Western governments, and that readers’ main complaint will soon be that Sinclair’s call for $3,500 gold was much too conservative.
Sinclair’s full update is below: [Read more...]
Banker/Faux Science Propaganda: Silver Concentrations in Sewage Water Poses Severe Environmental Risks
A just released Science Daily study states that silver particles embedded in clothing pose severe environmental risks to the environment due to sewage water contamination by silver. That’s right, sewage water is contaminated by the presence of the best known anti-bacterial element: silver.
Forget the toxic pesticides like Round-Up and the GMO’s affecting 95% of US food supply, its micro concentrations of silver in sewage water that poses a risk to humanity!
Think this study just might have been funded by the banksters? [Read more...]