Gold & Precious Metals

Gold: Parameters for an "All Clear Signal"

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Posted by Peter Grandich - Grandich.com

on Tuesday, 31 July 2012 07:19

Don’t forget we need two consecutive closes above $1,650 on gold before we can give the “all-clear” signal. - Peter Grandich

Ronald-Peter Stöferle: “Mining Shares Are One Of The Most Underweighted Sectors In The Globe At The Moment” 

 We had another confirming conversation on the strength and durability of the current bull market in gold.

When asked about the current market sentiment Ronald said, “At the moment the sentiment is at the most bearish levels since 2008-2009, which for a contrarian is a very positive sign…I think during the correction we’ve seen all the speculative demand kind of being washed out.”

In regards to an important pillar of strength underneath the gold price Ronald explained that, “Negative real interest rates are by far the most important factor....

....read more HERE

A little fun from Peter Grandich: "Sex has been used to get man’s attention throughout history. Perhaps this is needed for American men to wake up to the enormity of the debt problem"





Gold & Precious Metals

The Truth About Gold (A 50 Page Gold Bible)

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Posted by Business Insider

on Monday, 30 July 2012 00:00


After an amazing run that lasted over a decade, gold has been a major laggard this year.

And lately it has been particularly weak. But it remains the subject of an intense amount of fascination, both in terms of the investment prospects, and as a subject of political and historical debate.

So we've compiled the ultimate guide to gold: Its history, its performance, what moves it, and what it might do next.

....click HERE for 59 pages of fascinating charts and analysis. A virtual Bible of Gold Information with well presented lesser known statistics like the following:

Picture 3

....the other 58 pages HERE 


Gold & Precious Metals

Gold Bottom: "Major Move Approaching" -

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Posted by Peter Grandich - Grandich.com

on Friday, 27 July 2012 08:30


Jim Wyckoff of Kitco has a very useful chart online that shows that support and resistance levels I’ve spoken about. You can also notice that since June, gold has been making slightly lower highs and higher lows. This suggests a major move is approaching. I of course, think it shall be to the upside. Please note there are gold options expiring today and the “gang” normally like to lean on gold during these expiration’s. I’m sure those who wrote $1,600 strike prices were not happy with the rally yesterday. Today’s trading shall be interesting because  it can be one of the rare expiration’s where the “gang” get squeezed. It couldn’t happen to a *&^%$ bunch, including their biggest cheerleader - Peter Grandich

Warning: Potent Comments from Central Banks and a Politician below

As Peter noted today was an important day in that despite any attempt by the options "Gang" to get the Gold Market back down to cover up the $1,600 strike price. Comex Gold finished the Pit Session $7 Higher on the European Central Bank chief Mario Draghi's sudden shift in rhetoric. In Central Bank language Draghi said that they were prepared to use "nonstandard policy measures as an option". Sounds like they are getting so desperate that if arresting Angela Merkel or burning down the Eiffel Tower  would save the Euro the Central Bank would do it.

Draghi’s comments came as the market is also anticipating further stimulus in the U.S. The European Central Bank using "nonstandard policy measures" will almost certainly contribute to general market pessimism towards Governments in General, and paper currencies in particular. When you have Luxembourg Prime Minster Jean-Claude Junker saying“We all know what to do, but we don’t know how to get re-elected once we have done it", you know that you can definitely trust Governments, and its financial arm Central Banks, to  avoidwhat absolutely needs to be done. 

Undoubtedly it will also boost investor confidence in a bottoming $1,600 Gold market. A Gold market that has been correcting for 11 months from its 1,900 high of  last August. . 

A sharply weaker dollar also lent support to gold. A softer dollar tends to underpin all commodities by making them cheaper in other currencies, plus some market participants tend to buy gold as a hedge against dollar weakness. No matter how you cut it, the Gold Market moved higher on the movements in currencies and potential Central Bank actions. - Robert Zurrer

(US Dollar & Euro Charts Below)

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Gold & Precious Metals

US T- Bonds False Safe Haven - Official 0% Rate Policy is the Calling Card of the Gold Bull Market

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Posted by Jim Willie via The Market Oracle

on Thursday, 26 July 2012 09:15

The USTreasury 10-year yield went below 1.4% this week. Some unenlightened celebrate the asset appreciation and point to a successful asset in performance in an otherwise dismal financial market. The Jackass said in the June 6th public article "USTBonds: Black Hole Dynamics" that such a success is a marquee billboard message of economic meltdown and systemic failure. As the rally continues, possibly the onliest rally outside of corn and soybeans in yet another disaster, people should focus on whether the systemic collapse will occur before the 10-yield hits 1.0% in my warning. Focus on four major points:

  • The unspoken effect of ZIRP (0%) is the powerful ongoing destruction of capital, as the entire cost structure rises
  • As equipment goes off line further, the USEconomy will weaken further, in a powerful vicious cycle
  • The official Zero Percent Interest Policy is the calling card of the Gold Bull Market, powered by negative inflation adjusted returns on savings
  • The USTBonds will fail from their own success, unleashing the Gold Price when the investment community and global creditors realize no further potential appreciation in the most massive asset bubble in modern history, supported by Interest Rate Swap derivative machinery. Money will eventually fly out of bonds and seek true safe haven.

Fear not. The USTBond 10-year yield (TNX) will not and cannot reach below 1.0% as all ponderings of a world with 0% on 10-year yield are divorced from reality. The Black Hole is working hard, gathering force, amplifying the gravitational field. It is happening right on schedule, no surprise here, a very easy correct forecast. The original supposed Flight to Safety in the USTBonds was totally fabricated and phony. As mentioned at least a dozen times by the Jackass, the last half of year 2010 saw the dutiful Wall Street outpost Morgan Stanley devote a fresh $8 trillion in interest rate derivatives, fully documented by the Office of the Comptroller to the Currency. Their reports never make the headlines, since they are so chock full of rancid fetid scum. As the TNX  marches down the swirling pathways within the vast USGovt debt sewer-like cisterns, their energy will be derived from the massive recession that has engulfed the USEconomy. Not only is the flight to safety in the USTBond complex a total fabrication falsehood, but the USEconomic recovery is also a fiction written on political propaganda posters. The followon flight to the bubble ridden USTBond is based upon economic wreckage and broad disintegration of the entire periphery and surrounding core to the bond market. The great sucking sound can be heard, much like during the non-earthquake in Virginia in September 2011. Experienced traders are looking at each other, in full recognition that the TNX rally is indeed an endgame signal.

Gold Is The True Sanctuary 


The concept of solutions for the global monetary system, the global currency system, and the global banking system, have become outright laughable and an insult to the intelligence of observers. The paper system has become weighed down by toxic assets to the point of rendering the entire system insolvent and sinking its future prospects. No new debt can repair and provide remedy for the fatally sick and current overly indebted dying system. The new trade settlement facilities are ready to put in place, based upon a Gold & Silver core. That word has come from a source directly involved in the preparation process for the Eastern Fortress. The trade notes will provide the lubrication to complete trade, which will have a hard asset core. The USDollar will gradually fade away from trade settlement, except for the United States, Canada, the United Kingdom, and possibly Southern Europe. The great tipping point approaches, whereby over half of global trade will be settled outside the domain of the crippled toxic USDollar. The foreign participants can no longer tolerate the bank bond fraud, the central bank debasement, and the usage of bank devices as weapons.

us-bonds-26 image004

Major changes are coming. A return to a certain type of Gold Standard is right around the corner, awaiting the Western collapse that is in a late stage of pathogenesis. The jumping brush fires that the London, New York, and Western European bankers must contend with will eventually envelop them, doling out massive smoke inhalation. Worst of all, the jumps will expose new areas of corruption every few weeks, sufficient to bring down the system. After all, it is a fiat faith based system. The faith has long ago vanished. All that remains is power politics, arrogance, and corruption. The new system will force the Gold price above $5000 per ounce on a conservative basis. It is all part of the plan not yet revealed. The Gold/Silver Ratio will revert to 20:1 in time. That translates for the math impaired to a $250 per ounce Silver price. These are conservative figures.

...read more about the Libor Scandal, Gold, Isolvent Banks, Interest Rates HERE



Gold & Precious Metals

Gold & Silver Jump to 3-Week Highs On ECB Euro Promise

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Posted by Adrian Ash: BullionVault

on Thursday, 26 July 2012 08:09

The wholesale-market gold price leapt more than 1% inside an hour in London trade Thursday morning, setting three-week highs above $1620 per ounce after European Central Bank chief Mario Draghi said "The ECB is ready to do whatever it takes to preserve" the single euro currency.

"And believe me, it will be enough."

Speaking in London one day after the gold price jumped following fresh rumors of more quantitative easing by the US Federal Reserve, Draghi did not specify plans, but did point to the high bond yields now being paid by euro-zone members such as Italy and Spain.

"To the extent that the size of these sovereign premia hamper the functioning of the monetary policy transmission channel, they come within our mandate," said the ECB president.

"We have to cope with the financial fragmentation, address these issues."

Spanish bond yields retreated as debt prices rose today, while euro-zone stock markets jumped more than 1%.

The euro currency leapt 1.5¢ within minutes of Draghi's comments, knocking the gold price in Euros back below €42,500 per kilo – the five-month high broken earlier on Thursday.

Gold still held just 4%, however, off September 2011's all-time euro high.

  "It's not obvious central banks have been effective, but they're going to keep trying," says John Stopford at the $98 billion UK asset manager, Investec, speaking to Bloomberg.

"Gold has shown itself sensitive to monetary policy announcements this year and any indication of further easing would buoy gold prices," says HSBC precious metals analyst James Steel, looking ahead to Friday's release of second-quarter US economic growth data.

"Gold has been the ultimate wealth preserver for millennia while currencies have tended to have shorter lives," write JPMorgan analysts John Bridges and Shwetabh Shrivastava in a new report on the mining sector.

However, "In the short term declining inflation rates are not consistent with the case that previous monetary stimulus will drive gold prices higher," they add.

"While we wait, investor confidence [in gold mining equities] is under pressure."

After failing to follow gold's sharp rise on Wednesday, silver prices also jumped today, hitting a 3-week high at $27.90 per ounce as industrial commodities including platinum also rose.

"We remain gloomy on the euro crisis," says a new report from Citigroup's chief economist – and former Bank of England policymaker – Willem Buiter today,  forecasting a 90% chance of Greece quitting the 17-nation euro zone by end-2013.

Those odds have been raised from Citi's previous forecast of a 50-75% shot.

Picking up German magazine Speigel's weekend claim that the International Monetary Fund won't provide further aid to Greece once the euro zone's own permanent funding is in place, Citi's report  also follows a move by the Moody's rating agency to put German, Dutch and Luxembourg debt  on "negative outlook" by forecasting downgrades to all European sovereign states, including the UK.

The gold price in sterling whipped violently as the euro currency jumped and the dollar fell, eventually trading unchanged by lunchtime in London at £1,035 per ounce – back where it stood when the Bank of England announced another £50 billion injection of quantitative easing three weeks ago.

"We might see a bit more selling if the gold price stays above $1,605 an ounce," warned a Singapore-based dealer to Reuters overnight, with other Asian traders reporting a rise in scrap supply after Wednesday's 1.5% jump.

But "physical buying has been supportive over the past week," says a report from Standard Bank, and "Indian buying has also begun to show signs of improving.

"Seasonally, Indian demand for physical gold usually picks up in August ahead of the wedding season. Gold futures market participants in India are already anticipated this, as seen in their positioning."

Buy gold and physical silver at live, wholesale prices using world #1 for private investors online,BullionVault...

About the Author

Adrian Ash runs the research desk at BullionVault. Formerly head of editorial at Fleet Street Publications – London's top publisher of financial advice for private investors – he was City correspondent for The Daily Reckoning from 2003 to 2008, and is now a regular contributor to a number of investment websites.Adrian Ash


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