From GoldSilver.com http://goldsilver.com/ Thu, 23 May 2013 23:45:18 PST FeedCreator 1.7.2 http://goldsilver.com/new/sinclair-the-price-of-gold-must-never-embarrass-the-chairman-on-a-day-he-speaks-publicly/ The Gold banks still feel physical demand is an aberration that they, being all powerful & mighty, can extinguish by pounding paperless gold anytime it sticks its head up. This time they are so wrong. Wed, 22 May 2013 16:36:00 PST http://goldsilver.com/new/sinclair-the-price-of-gold-must-never-embarrass-the-chairman-on-a-day-he-speaks-publicly/ http://www.sovereignman.com/finance/try-this-experiment-yourself-11897/ “our tendency to grab hold of irrelevant and often subliminal inputs in the face of uncertainty... Wed, 22 May 2013 16:01:00 PST http://www.sovereignman.com/finance/try-this-experiment-yourself-11897/ http://news.goldseek.com/GoldForecaster/1369252800.php Gold would not need to be paid out, but its dollar or Yuan or Rouble equivalent, would be based on the currency value against gold at the time. As such, gold would act as the measure of value against which all currencies fluctuate. Wed, 22 May 2013 15:52:00 PST http://news.goldseek.com/GoldForecaster/1369252800.php http://www.thecommonsenseshow.com/2013/05/22/the-government-theft-of-retirement-accounts-has-begun/ If Treasury Secretary Jack Lew gets his way, Cyprus will look like a walk in the park compared to what’s coming because Cyprus was a beta test for the massive theft of private wealth which is on the horizon. Wed, 22 May 2013 15:35:00 PST http://www.thecommonsenseshow.com/2013/05/22/the-government-theft-of-retirement-accounts-has-begun/ http://www.businessweek.com/news/2013-05-21/hong-kong-police-investigate-mercantile-exchange-at-sfc-request HKMEx lost its trading license after failing to attract sufficient volumes as it competed with rivals such as the Chicago Mercantile Exchange and the London Metals Exchange, which was bought by Hong Kong’s stock-exchange operator last year. Wed, 22 May 2013 15:14:00 PST http://www.businessweek.com/news/2013-05-21/hong-kong-police-investigate-mercantile-exchange-at-sfc-request http://business.time.com/2013/05/09/mandatory-savings-accounts-are-coming-your-way/ The retirement savings crisis in America has brought us to this point: It’s a near certainty that mandatory savings accounts are in the future of anyone with a full- or part-time job. Wed, 22 May 2013 15:01:00 PST http://business.time.com/2013/05/09/mandatory-savings-accounts-are-coming-your-way/ https://twitter.com/JamesGRickards/status/337321683906084864 Print money. Create wealth effect in stocks & housing. Happy days. #Bernanke waited 4 yrs for this. Now he owns the crash. But he's leaving. Wed, 22 May 2013 14:58:00 PST https://twitter.com/JamesGRickards/status/337321683906084864 http://www.globalresearch.ca/systemic-breakdown-financial-bubbles-creating-conditions-for-new-crash/5335898 t is a sure sign of the systemic breakdown of the global capitalist system that the very measures put in place to try to prevent a crisis are creating the conditions for a financial meltdown beyond even the scale of 2008. Wed, 22 May 2013 14:51:00 PST http://www.globalresearch.ca/systemic-breakdown-financial-bubbles-creating-conditions-for-new-crash/5335898 http://truth-out.org/news/item/16529-why-austerity-kills-from-greece-to-us-crippling-economic-policies-causing-global-health-crisis The authors estimate there have been more than 10,000 additional suicides and up to a million extra cases of depression across Europe and the United States since governments started introducing austerity programs in the aftermath of the economic crisis. Wed, 22 May 2013 14:05:00 PST http://truth-out.org/news/item/16529-why-austerity-kills-from-greece-to-us-crippling-economic-policies-causing-global-health-crisis http://english.caixin.com/2013-05-17/100529326.html The G7 summit brought up too-big-to-fail (TBTF) financial institutions as a systemic risk to be addressed. The odds are low that any real reform will materialize. Removing this flaw could trigger a big global downturn. No major government has the stomach to go through with it. Wed, 22 May 2013 14:00:00 PST http://english.caixin.com/2013-05-17/100529326.html http://www.arabianmoney.net/us-stocks/2013/05/22/warren-buffett-ready-for-a-stock-market-crash-with-a-record-49bn-in-cash/ It’s always important with the world’s top investors to follow what they are doing, For example an investment by George Soros in a risky call option on GDXJ, the junior gold miners ETF, at a time when the headlines said he was abandoning gold Wed, 22 May 2013 13:53:00 PST http://www.arabianmoney.net/us-stocks/2013/05/22/warren-buffett-ready-for-a-stock-market-crash-with-a-record-49bn-in-cash/ http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10074737/BRICS-risk-sudden-stop-as-dollar-rally-builds.html These cycles of emerging market exuberance are as old as capitalism. They happened episodically all through the 20th Century, and all through 19th Century before that, usually ending with a cold douche. It should be no great shock if it happens yet again. Wed, 22 May 2013 13:45:00 PST http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10074737/BRICS-risk-sudden-stop-as-dollar-rally-builds.html http://www.reuters.com/article/2013/05/22/us-italy-economy-poverty-idUSBRE94L0AX20130522 Italy is the latest EU economy to collapse. It won't be the last. Wed, 22 May 2013 13:42:00 PST http://www.reuters.com/article/2013/05/22/us-italy-economy-poverty-idUSBRE94L0AX20130522 http://www.guardian.co.uk/business/2013/may/22/imf-uk-economy-verdict-eurozone-osborne The 'International' Monetary Fund continues to be a surrogate for US policy. The IMF wants the Bank of England to follow Bernanke's easy money policies. Wed, 22 May 2013 13:38:00 PST http://www.guardian.co.uk/business/2013/may/22/imf-uk-economy-verdict-eurozone-osborne http://www.timesofoman.com/News/Article-16068.aspx Japan's worsening trade deficit is the major reason why Japan resorted to money printing to bring down the value of its currency. Although the yen has fallen, Japanese exports continue to fall as well. Japan's economy is in very serious trouble. Wed, 22 May 2013 13:30:00 PST http://www.timesofoman.com/News/Article-16068.aspx http://goldsilver.com/new/doug-casey-s-primer-on-internationalization/ Political risk is minimized when you don't depend absolutely on any one particular country. Having all your eggs in one basket only makes it easier for someone to grab them all. Being internationalized makes it much harder for any particular government to control you. Wed, 22 May 2013 13:17:00 PST http://goldsilver.com/new/doug-casey-s-primer-on-internationalization/ http://www.tothetick.com/hyperinflation-10-worst-cases Inflation is hot property today, hyperinflation is even hotter! We’ve got that seen-it-all-before, been-there-done-it attitude. Here’s the top 10 list of worst cases in history. We’ll start with the worst first… Wed, 22 May 2013 12:21:00 PST http://www.tothetick.com/hyperinflation-10-worst-cases http://www.testosteronepit.com/home/2013/5/21/argentine-inflation-its-tough-when-all-you-get-is-lies.html The issue of inflation is complex everywhere. Official rates are disputed.There are different formulas and data sets, resulting in different rates, But nowhere is the issue as “complex,” infested with lies, and shrouded in obscurity as in Argentina. Wed, 22 May 2013 12:15:00 PST http://www.testosteronepit.com/home/2013/5/21/argentine-inflation-its-tough-when-all-you-get-is-lies.html http://www.zerohedge.com/print/474274 the Fed is explicitly forcing the market to hope for bad data to maintain gains as the gap between market and reality is now too large for a soft-landing; and 2) the Fed has explicitly admitted that it is the 'flow' not the 'stock' that matters Wed, 22 May 2013 11:50:00 PST http://www.zerohedge.com/print/474274 http://goldsilver.com/new/china-demand-drives-asian-gold-bar-premiums-to-record-highs/ Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world's second biggest consumer of the precious metal, amid tight physical supplies. Wed, 22 May 2013 11:32:00 PST http://goldsilver.com/new/china-demand-drives-asian-gold-bar-premiums-to-record-highs/ http://goldsilver.com/new/ndifferent-day-same-stuff-from-bernanke-landmann/ Laird Landmann, Group Managing Director at Trust Company of The West, reacts to Ben Bernanke’s testimony on Capitol Hill today. Wed, 22 May 2013 11:07:00 PST http://goldsilver.com/new/ndifferent-day-same-stuff-from-bernanke-landmann/ http://www.zerohedge.com/print/474268 It seems that the recent rise in interest rates, instead of the typical (pre-depression) behavioral tendency to make people nervous &rush to lock in low rates, has once again stalled any hope of an organic housing recovery occurring. What could possibly go wrong? Wed, 22 May 2013 10:39:00 PST http://www.zerohedge.com/print/474268 http://www.zerohedge.com/print/474263 For those Americans who will not be hired by Microsoft as a result of this decision, it is not nearly as exciting. But at least those unhired workers can take solace that their E*trade daytrading P&L is green for the day. Wed, 22 May 2013 08:36:00 PST http://www.zerohedge.com/print/474263 http://theeconomiccollapseblog.com/archives/americas-bubble-economy-is-going-to-become-an-economic-black-hole What is going to happen when the greatest economic bubble in the history of the world pops? The mainstream media never talks about that. They are much too busy covering the latest dogfights in Washington & what Justin Bieber has been up to. Wed, 22 May 2013 07:11:00 PST http://theeconomiccollapseblog.com/archives/americas-bubble-economy-is-going-to-become-an-economic-black-hole http://www.marketwatch.com/story/gold-edges-higher-ahead-of-bernankes-testimony-2013-05-22 Gold prices pushed higher on Wednesday after New York Federal Reserve President William Dudley said the economic outlook is still uncertain ahead of Federal Reserve Chairman Ben Bernanke’s testimony before Congress later in the day. Wed, 22 May 2013 06:35:00 PST http://www.marketwatch.com/story/gold-edges-higher-ahead-of-bernankes-testimony-2013-05-22 http://www.thegoldstandardnow.org/key-blogs/2087-bitcoins-are-not-virtual-gold# The classical gold standard is not in any way a form of subverting legitimate government law enforcement or even to "evade government scrutiny." The legal definition of the dollar, or any currency, as a fixed weight of gold is a simple matter of maintaining integrity in the key unit of account in order to create a climate of equitable prosperity. Wed, 22 May 2013 06:27:00 PST http://www.thegoldstandardnow.org/key-blogs/2087-bitcoins-are-not-virtual-gold# http://goldsilver.com/new/us-cracks-down-on-bitcoin-exchange/ The US Department of Homeland Security seized a payment processing account belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents. Wed, 22 May 2013 06:21:00 PST http://goldsilver.com/new/us-cracks-down-on-bitcoin-exchange/ http://goldsilver.com/new/obama-administration-enemy-of-disclosure-william-black/ "This administration, very early on, became an enemy of disclosure. It hates whistleblowers with a passion." Join Greg Hunter as he goes One-on-One with Professor William Black from the University of Missouri Kansas City. Wed, 22 May 2013 06:10:00 PST http://goldsilver.com/new/obama-administration-enemy-of-disclosure-william-black/ http://www.zerohedge.com/print/474239 BOK KIM SAYS WORLD MAY FACE RATE RISK IF U.S. EXITS FROM QE And since never is a litte longer than 2016/2017, at some point in the next few years Bernanke will be the proud owner of all marketable Treasury paper. All of it. Wed, 22 May 2013 05:58:00 PST http://www.zerohedge.com/print/474239 http://www.readtheticker.com/Pages/Blog1.aspx?65tf=1080_felix-zulauf-buying-climax-2013-05 If there is a down swing coming, then of course central bankers want gold down at a discount so they can buy cheaper than the rest of us. Wed, 22 May 2013 05:54:00 PST http://www.readtheticker.com/Pages/Blog1.aspx?65tf=1080_felix-zulauf-buying-climax-2013-05 http://goldsilver.com/new/jim-rickards-japan-s-taking-the-world-down-with-them/ Jim Rickards, Senior Managing Director at Tangent Capital, says the Bank of Japan's monetary easing policy is so aggressive they are forcing other central banks to cut rates. Wed, 22 May 2013 05:44:00 PST http://goldsilver.com/new/jim-rickards-japan-s-taking-the-world-down-with-them/ http://goldsilver.com/new/otterwood-observations-on-japan-may-2013/ Christine Hughes, President and Chief Investment Strategist, discusses details of Japan's radical monetary policy. Wed, 22 May 2013 05:35:00 PST http://goldsilver.com/new/otterwood-observations-on-japan-may-2013/ http://www.streettalklive.com/daily-x-change/1708-bernanke-s-link-to-mother-nature.html Yesterday, after I updated my economic and employment composites and discussed that they were pointing to weakening economic trends, a two mile wide tornado ripped through Oklahoma causing a massive amount of destruction. Wed, 22 May 2013 05:28:00 PST http://www.streettalklive.com/daily-x-change/1708-bernanke-s-link-to-mother-nature.html http://www.paulcraigroberts.org/2013/05/20/no-bear-market-in-gold-paul-craig-roberts/ You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold. Wed, 22 May 2013 05:16:00 PST http://www.paulcraigroberts.org/2013/05/20/no-bear-market-in-gold-paul-craig-roberts/ http://goldsilver.com/new/blockbuster-in-gold-i-believe-that-the-big-buyer-of-the-10-million-ounces-of-gold-liquidated-in-the-gld-was-jpmorgan-ted-butler/ It appears to me that JPMorgan & their ilk have bought absolutely massive quantities of gold & silver in many different markets. Unfortunately, much of that buying has come as a result of the deliberate & successful manipulation of price in order to force others to sell. I don’t believe that is fair or even legal. Nevertheless the bloodless verdict of the market suggests we are going a lot higher at some point soon. Wed, 22 May 2013 05:16:00 PST http://goldsilver.com/new/blockbuster-in-gold-i-believe-that-the-big-buyer-of-the-10-million-ounces-of-gold-liquidated-in-the-gld-was-jpmorgan-ted-butler/ http://news.goldseek.com/GoldSeek/1369146204.php There are severalindications that the currency war is heating up, the gloves are coming off andnew players are piling into the barroom brawl. Wed, 22 May 2013 05:15:00 PST http://news.goldseek.com/GoldSeek/1369146204.php http://www.zerohedge.com/print/474217 Currently, the S&P 500 and Gold-to-Silver ratio have been highly correlated since this last rally began in stocks and as HSBC's Charles Morris notes, this suggests a 'snap' in risk assets within six months. Wed, 22 May 2013 05:15:00 PST http://www.zerohedge.com/print/474217 http://www.silverseek.com/article/response-martin-armstrongs-silver-flash-crash-11861 The flash crash wasn't due to silver fundamentals, rather it was due to garbage leverage trading of fiat currencies taking place in the Forex markets. Tue, 21 May 2013 15:07:00 PST http://www.silverseek.com/article/response-martin-armstrongs-silver-flash-crash-11861 http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130521000001&cid=1502 As gold prices remain low, Chinese banks are the biggest buyers. Among the top Chinese banks that purchased gold were the Bank of China, the country's biggest foreign exchange bank, the Industrial & Commercial Bank of China & China Minsheng Bank. Tue, 21 May 2013 14:04:00 PST http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130521000001&cid=1502 http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=11&id=20130521000052 As global demand shrinks, trade protectionism becomes increasingly an issue and China is being accused of selling below production costs. Tue, 21 May 2013 14:00:00 PST http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=11&id=20130521000052 http://www.peakprosperity.com/blog/preparing-economic-collapse/57744?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ChrisMartensonBlogs+%28Peak+Prosperity%29 The economy in my country, Argentina, has gone through various crises, but none as large as when the economy collapsed in 2001 after a decade of apparent prosperity. The currency devaluated, & Argentina defaulted on its USD$132 billion debt, the largest default ever. The middle class took to the streets after bank accounts were frozen, and the president was forced to resign, escaping the presidential building in a helicopter. Tue, 21 May 2013 13:53:00 PST http://www.peakprosperity.com/blog/preparing-economic-collapse/57744?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ChrisMartensonBlogs+%28Peak+Prosperity%29 http://www.zerohedge.com/print/474224 Translated: the Fed will never do anything that could send stocks lower - like end QE - ever again, but for those confused here is a simpler translation: Moar. Tue, 21 May 2013 13:47:00 PST http://www.zerohedge.com/print/474224 http://www.bloomberg.com/news/2013-05-21/u-s-stock-futures-little-changed-before-best-buy-results.html U.S. stocks rose, sending benchmark indexes to records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should continue its bond buying to boost growth that is slower than expected. Tue, 21 May 2013 13:45:00 PST http://www.bloomberg.com/news/2013-05-21/u-s-stock-futures-little-changed-before-best-buy-results.html http://goldsilver.com/video/silver-and-gold-bull-market-not-over-until-the-fundamentals-say-so-mike-maloney/ Join Mike Maloney, #1 Best Selling Author, in the GoldSilver boardroom as he answers just what is going on with gold and silver prices? Tue, 21 May 2013 12:24:00 PST http://goldsilver.com/video/silver-and-gold-bull-market-not-over-until-the-fundamentals-say-so-mike-maloney/ http://goldsilver.com/new/keiser-report-down-is-new-up-up-is-new-down/ In the second half, Max talks to Sandeep Jaitly of FeketeResearch.com about the imminent extinction of the price of gold as well as the permanent backwardation in both gold and silver markets. Tue, 21 May 2013 11:52:00 PST http://goldsilver.com/new/keiser-report-down-is-new-up-up-is-new-down/ http://www.zerohedge.com/print/474219 showing explicitly how the Fed was providing a constant cash injection to foreign banks courtesy of the rate on overnight reserves which is the amount Fed pays to banks that hold reserves with it, as the bulk of reserves continued to end up with foreign banks - a situation set to become a huge political storm some time in 2014-2015 Tue, 21 May 2013 11:39:00 PST http://www.zerohedge.com/print/474219 http://goldsilver.com/new/ellis-martin-report-with-david-morgan-gold-and-silver-paper-shorting-collusion/ Silver & gold shorting seems to continue while regulators may be looking the other way. "The regulations aren't being upheld." Mr. Morgan speaks to the possible reasons for all of this, including his own strong opinion. Tue, 21 May 2013 11:30:00 PST http://goldsilver.com/new/ellis-martin-report-with-david-morgan-gold-and-silver-paper-shorting-collusion/ http://www.bullionstreet.com/news/premium-on-physical-gold-highest-in-india-at-4010-gms/4801 Hong Kong & Singapore buyers are paying premium of $5 per oz for a gold bar. Dubai buyers are paying a premium of $7-10 per Kg. Turkey was reportedly paying a premium of $25 an oz over London price. India is paying a premium of nearly $40 per 10 gms. Tue, 21 May 2013 11:14:00 PST http://www.bullionstreet.com/news/premium-on-physical-gold-highest-in-india-at-4010-gms/4801 http:///2013/05/21/why-bernanke-and-his-pals-are-terrified/ If this plan fails to bring about economic growth in Japan, or worse still fails to bring about growth and unleashes inflation, then it’s GAME OVER for Central Bankers. Their one great claim “we’re not doing enough QE” will have been proven to be total bunk. Tue, 21 May 2013 08:33:00 PST http:///2013/05/21/why-bernanke-and-his-pals-are-terrified/ http://www.reuters.com/article/2013/05/21/us-markets-global-idUSBRE88901C20130521 Stock markets around the world were little changed on Tuesday as investors await Wednesday for an update on the future of the U.S. Federal Reserve's stimulus program. Tue, 21 May 2013 08:26:00 PST http://www.reuters.com/article/2013/05/21/us-markets-global-idUSBRE88901C20130521