new From GoldSilver.com http://goldsilver.com/ Sat, 18 May 2013 08:04:43 PST FeedCreator 1.7.2 http://www.zerohedge.com/print/474041 It is only logical that when one of the smarter people in finance warns that he "sees bubbles everywhere" that he should be roundly ignored by those who have no choice but to dance. Because Bernanke and company are still playing the music with the volume on Max Fri, 17 May 2013 16:30:00 PST http://www.zerohedge.com/print/474041 http://www.bullionbullscanada.com/gold-commentary/26193-the-world-paper-council?tmpl=component&print=1&page= It is not the price (or demand) for gold which has recently plummeted. It is the price/demand for paper-called-gold which has plummeted. A World Gold Council could not make such a mistake. A World Paper Council would be expected to make that mistake. Fri, 17 May 2013 16:21:00 PST http://www.bullionbullscanada.com/gold-commentary/26193-the-world-paper-council?tmpl=component&print=1&page= http://thehill.com/blogs/on-the-money/budget/300463-treasury-asks-congress-for-debt-increase-says-its-not-open-to-debate#ixzz2TZkbPOEV Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit and insisted that the White House is not going to negotiate over the increase because lawmakers have "no choice." Fri, 17 May 2013 16:08:00 PST http://thehill.com/blogs/on-the-money/budget/300463-treasury-asks-congress-for-debt-increase-says-its-not-open-to-debate#ixzz2TZkbPOEV http://goldsilver.com/new/the-last-investable-moment-for-silver/ The moment that confidence in the U.S. Dollar eventually breaks, the opportunity to buy silver will be over. Sadly, complacency currently rules & that precious moment will be lost to those people who preferred to wait on the sidelines rather than jump into the chronically undervalued physical silver market with both feet. Fri, 17 May 2013 15:54:00 PST http://goldsilver.com/new/the-last-investable-moment-for-silver/ http://lewrockwell.com/orig11/holmes-f24.1.html When volatility prevails in the gold market, I love seeing so many different opinions because it promotes critical thinking and healthy markets, writes Frank Holmes, CEO and chief investment officer of US Global Investors. Fri, 17 May 2013 15:16:00 PST http://lewrockwell.com/orig11/holmes-f24.1.html http://www.telegraph.co.uk/finance/economics/10061800/Exiting-QE-could-undermine-the-recovery-IMF-warns.html Raising interest rates to get the economy back onto a normal setting could prove so complicated it “undermines the recovery”, the International Monetary Fund has warned. Fri, 17 May 2013 15:11:00 PST http://www.telegraph.co.uk/finance/economics/10061800/Exiting-QE-could-undermine-the-recovery-IMF-warns.html http://www.reuters.com/article/2013/05/16/us-imf-centralbanks-idUSBRE94F19620130516 Bankers bought time but, as bankers know better than anyone, the interest can kill you. Fri, 17 May 2013 15:05:00 PST http://www.reuters.com/article/2013/05/16/us-imf-centralbanks-idUSBRE94F19620130516 http://finance.yahoo.com/news/thats-depression-europes-double-dip-201653406.html While the U.S. has muddled through its Great Recession, the euro zone is still mired in its new Great Depression -- and this despite 80 years of hard-won knowledge that should have made such a slump a barbarous relic. Fri, 17 May 2013 15:01:00 PST http://finance.yahoo.com/news/thats-depression-europes-double-dip-201653406.html http://news.yahoo.com/germany-ekes-growth-france-slides-recession-065110519.html Germany, which generates almost a third of the euro zone's economy, grew by a weaker than expected 0.1 percent, skirting the recession that France succumbed to, but highlighting the devastating impact of the euro zone's debt and banking crisis that has driven unemployment to a record 19 million people. Fri, 17 May 2013 14:47:00 PST http://news.yahoo.com/germany-ekes-growth-france-slides-recession-065110519.html http://news.yahoo.com/italy-recession-becomes-longest-record-gdp-slumps-084629916.html Europe continues to falter as Italy edges closer to depression. The 2008 economic collapse has only been interrupted. Fri, 17 May 2013 14:30:00 PST http://news.yahoo.com/italy-recession-becomes-longest-record-gdp-slumps-084629916.html http://www.aljazeera.com/video/americas/2013/05/201351745343525181.html The government of Argentina's President Cristina Kirchner has unveiled a plan to tackle double-digit inflation that is stifling its economy. The cash-strapped administration is adamant that it will not devalue the peso to stop the bleeding. So to tackle the problem of inflation, it wants citizens to deposit billions of undeclared US dollars into the central bank - with no questions asked. But critics say it will encourage money laundering and organised crime. Fri, 17 May 2013 14:25:00 PST http://www.aljazeera.com/video/americas/2013/05/201351745343525181.html http://www.spiegel.de/international/europe/german-press-says-extended-eu-recession-shows-austerity-ineffective-a-900252.html The European common currency zone has now been in recession for six straight quarters, with three of the bloc's four largest economies now suffering persistent negative growth. Could the Continent's pursuit of austerity be backfiring? German commentators believe the answer is yes. Fri, 17 May 2013 14:12:00 PST http://www.spiegel.de/international/europe/german-press-says-extended-eu-recession-shows-austerity-ineffective-a-900252.html http://video.cnbc.com/gallery/?play=1&video=3000168866 Peter Schiff of Euro Pacific Capital believes Japan will have to print more and more money, and that will lead to a record-high price for gold. Fri, 17 May 2013 14:08:00 PST http://video.cnbc.com/gallery/?play=1&video=3000168866 http://www.marketoracle.co.uk/Article40499.html Uncle Sam continues to stride the world stage & can simply print more money to get by because the dollar is the world's reserve currency. Remove it as the reserve currency, & the US will no longer be able to remain supreme or fund its wars by relying on what would then be a worthless paper currency. Fri, 17 May 2013 13:47:00 PST http://www.marketoracle.co.uk/Article40499.html http://www.youtube.com/watch?v=mRKp8A_gZ8c&feature=em-uploademail Fri, 17 May 2013 13:34:00 PST http://www.youtube.com/watch?v=mRKp8A_gZ8c&feature=em-uploademail http://hubertmoolman.wordpress.com/2013/05/16/silver-price-forecast-silver-and-the-dow/ When the increase in credit or the money supply has run its course, and is unable to drive paper price higher; value then flees from paper assets to safe assets such as physical gold and silver, causing massive price increases. Fri, 17 May 2013 13:27:00 PST http://hubertmoolman.wordpress.com/2013/05/16/silver-price-forecast-silver-and-the-dow/ http://www.jsmineset.com/2013/05/17/physical-gold-has-its-best-days-ahead/ Hold tight to these and to your physical. While it is legal store your physical internationally as allocated with people of trust. Ignore the illusion & the Trojan Horses in the gold industry that do not seek your best interest. They have & have had an agenda for a long time. Fri, 17 May 2013 13:00:00 PST http://www.jsmineset.com/2013/05/17/physical-gold-has-its-best-days-ahead/ http://armstrongeconomics.com/2013/05/17/germany-imposing-a-glass-steagall-like-act-with-teeth/ The tide is starting to turn largely because the NY bankers have sent the entire world into chaos for their irresponsibility trading with other people’s money. When the economy turns down again, this time the heads may roll. Fri, 17 May 2013 12:57:00 PST http://armstrongeconomics.com/2013/05/17/germany-imposing-a-glass-steagall-like-act-with-teeth/ http://www.leap2020.eu/GEAB-N-75-is-available-Systemic-crisis-2013-with-record-stock-exchange-highs-the-planet-s-imminent-plunge-into_a14093.html Despite a relative calm given by the media & the U.S., Japanese financial markets going from record to record, the world economy is slowing down badly & a widespread recession is looming. The various players are fully aware of it & in the face of the challenges of an imminent collapse Fri, 17 May 2013 12:07:00 PST http://www.leap2020.eu/GEAB-N-75-is-available-Systemic-crisis-2013-with-record-stock-exchange-highs-the-planet-s-imminent-plunge-into_a14093.html http://goldsilver.com/new/catherine-austin-fitts-on-precious-metals-digital-currencies-and-globalised-central-planning/ The US economy is reviewed & then Catherine shares her view on gold & silver as money before moving into a fascinating discussion about Bitcoin, digital currencies and the future of currencies. She also discusses the recent market activity in precious metals. Fri, 17 May 2013 11:44:00 PST http://goldsilver.com/new/catherine-austin-fitts-on-precious-metals-digital-currencies-and-globalised-central-planning/ http://www.golemxiv.co.uk/2013/05/paper-gold-metal-gold-when-worlds-diverge/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Golemxiv-Thoughts+%28Golem+XIV+-+Thoughts%29 The price of gold is going down. That is what the charts, newspapers & pundits are all saying. What I think they are deliberately not saying is that the value & desirability, as opposed to the price of gold, is going up & will go up further. Fri, 17 May 2013 11:43:00 PST http://www.golemxiv.co.uk/2013/05/paper-gold-metal-gold-when-worlds-diverge/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Golemxiv-Thoughts+%28Golem+XIV+-+Thoughts%29 http://blogs.barrons.com/focusonfunds/2013/05/17/did-big-money-managers-drive-down-golds-price/ Commerzbank’s commodity strategists pieced together the last week’s 13F portfolio disclosures to show that no fewer than 75% of redemptions from the biggest gold ETF were undertaken by reporting institutional investors. Hence, the firm isn’t shy about pointing a finger: Fri, 17 May 2013 11:05:00 PST http://blogs.barrons.com/focusonfunds/2013/05/17/did-big-money-managers-drive-down-golds-price/ http://goldsilver.com/article/chinese-mother-s-have-beaten-wall-st-cctv/ Wall Street sells and Beijing buys, we look at why China has been gripped by gold fever Fri, 17 May 2013 10:24:00 PST http://goldsilver.com/article/chinese-mother-s-have-beaten-wall-st-cctv/ http://www.washingtonpost.com/business/economy/in-global-currency-war-a-new-front-opens-in-the-south-pacific/2013/05/14/ff07b582-bccf-11e2-97d4-a479289a31f9_story.html New Zealand has joined the currency wars by forcing its currency lower. The race to debase begun by the US and Japan is spreading Fri, 17 May 2013 10:16:00 PST http://www.washingtonpost.com/business/economy/in-global-currency-war-a-new-front-opens-in-the-south-pacific/2013/05/14/ff07b582-bccf-11e2-97d4-a479289a31f9_story.html http://goldsilver.com/new/jim-rogers-eu-goes-down-the-tube-as-politicians-spend-cash-they-don-t-have/ Investor Jim Rogers told RT that instead of trying to crack tax havens, EU leaders should address the real problems - like their own unchecked spending habits. Fri, 17 May 2013 10:08:00 PST http://goldsilver.com/new/jim-rogers-eu-goes-down-the-tube-as-politicians-spend-cash-they-don-t-have/ http://www.zerohedge.com/print/474064 The dollar appears to have now become the flight-to-safety currency, which historically has been associated with plunging risk values. However, now that the dollar strength is simply a function of other central banks perceived as diluting their currencies more...... Fri, 17 May 2013 09:59:00 PST http://www.zerohedge.com/print/474064 http://goldsilver.com/new/us-clamps-down-on-bitcoin-fears-lack-of-control/ US authorities have frozen the account of the world's largest Bitcoin exchange, which helps move the customers' cash online. The booming digital currency has hit bureaucratic blocks ever since its rapid growth came to the attention of government. Fri, 17 May 2013 09:48:00 PST http://goldsilver.com/new/us-clamps-down-on-bitcoin-fears-lack-of-control/ http://www.washingtonsblog.com/2013/05/have-more-people-lost-their-homes-than-during-the-great-depression.html there are currently 316 million Americans – more than twice the number during the Great Depression – such high foreclosure rates mean that there may well be as many people suffering foreclosure than during the Great Depression or more. Fri, 17 May 2013 09:41:00 PST http://www.washingtonsblog.com/2013/05/have-more-people-lost-their-homes-than-during-the-great-depression.html http://www.marketwatch.com/story/us-jobless-claims-jump-to-six-week-high-2013-05-16?link=MW_latest_news The number of people who applied last week for new unemployment benefits surged to the highest level in a month and a half, indicating the U.S. labor market is still not healing fast enough to rapidly bring down the nation’s jobless rate. Fri, 17 May 2013 09:34:00 PST http://www.marketwatch.com/story/us-jobless-claims-jump-to-six-week-high-2013-05-16?link=MW_latest_news http://theeconomiccollapseblog.com/archives/10-amazing-charts-that-demonstrate-the-slow-agonizing-death-of-the-american-worker The middle class American worker is in danger of becoming an endangered species. The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but the reality is that there is nothing but bad news on the horizon for workers in the United States. Fri, 17 May 2013 09:28:00 PST http://theeconomiccollapseblog.com/archives/10-amazing-charts-that-demonstrate-the-slow-agonizing-death-of-the-american-worker http://goldsilver.com/new/systemic-malfunctioning-of-the-labor-and-financial-markets/ Dr. Heiner Flassbeck: Government has to step in and correct the imbalances of low wages and unregulated financial markets or a deeper recession and crisis is inevitable Fri, 17 May 2013 08:57:00 PST http://goldsilver.com/new/systemic-malfunctioning-of-the-labor-and-financial-markets/ http://www.reuters.com/article/2013/05/16/us-usa-economy-prices-idUSBRE94F0J520130516 Bernanke's 'recovery' is no recovery at all. The US economy is on Fed life-support and can't regain enough momentum to escape growing deflationary pressures. Fri, 17 May 2013 08:42:00 PST http://www.reuters.com/article/2013/05/16/us-usa-economy-prices-idUSBRE94F0J520130516 http://www.reuters.com/article/2013/05/16/us-walmart-results-idUSBRE94F0GG20130516 America's poor are spending less. Wal-Mart shoppers are broke. So is America but it's printing money until others notice. Fri, 17 May 2013 08:33:00 PST http://www.reuters.com/article/2013/05/16/us-walmart-results-idUSBRE94F0GG20130516 http://www.aljazeera.com/news/europe/2013/05/2013515154610141799.html France leads EU slump after weak exports and Germany posts slow start to year as austerity continues to bite. Fri, 17 May 2013 08:20:00 PST http://www.aljazeera.com/news/europe/2013/05/2013515154610141799.html http://www.telegraph.co.uk/finance/financialcrisis/10061805/Car-burnings-rise-as-France-threatens-to-take-euro-crisis-to-higher-plane-says-hedge-fund-boss-Michael-Hintze.html The billionaire boss of CQS, one of London’s biggest hedge funds, has written to investors warning them that the France could trigger another more dangerous phase of the debt crisis and rock the fragile global recovery. Fri, 17 May 2013 08:14:00 PST http://www.telegraph.co.uk/finance/financialcrisis/10061805/Car-burnings-rise-as-France-threatens-to-take-euro-crisis-to-higher-plane-says-hedge-fund-boss-Michael-Hintze.html http://goldsilver.com/new/keiser-report-sacred-dow/ Max talks to John Butler of Amphora about confusing price signals caused by market manipulating central bankers & the misallocation of capital this encourages. They also talk about Japan's economy, Krugman's bond allegations & Mrs. Watanabe's gold shopping spree. Fri, 17 May 2013 08:04:00 PST http://goldsilver.com/new/keiser-report-sacred-dow/ http://goldsilver.com/new/the-truthseeker-wall-street-s-the-world/ why Ben Bernanke can't count; Seek truth from facts with Econned author Yves Smith, Web of Debt author Ellen Brown, former senior financial regulator Bill Black, Balkans specialist Nebojsa Malic, and globalization debunker Dr. Carlos Encinas. Fri, 17 May 2013 07:54:00 PST http://goldsilver.com/new/the-truthseeker-wall-street-s-the-world/ http://www.youtube.com/watch?v=lGPoTpLtF0k&feature=em-uploademail you'll notice a shocking trend. Data released by the US Justice Department shows that over the past 20 years, the number of federal prosecutions for financial fraud has gone down significantly. Fri, 17 May 2013 07:47:00 PST http://www.youtube.com/watch?v=lGPoTpLtF0k&feature=em-uploademail http://www.youtube.com/watch?feature=player_embedded&v=iu5dVxjO1f8 The dramatic inside story of the scandal that ripped through the banking industry in 2012 and took down a banking legend, Bob Diamond. In the first of a new three-part series, bank bosses, regulators and politicians give frank first-hand accounts of how the balance of power has finally started to shift away from the masters of the universe. Fri, 17 May 2013 07:46:00 PST http://www.youtube.com/watch?feature=player_embedded&v=iu5dVxjO1f8 http://goldsilver.com/new/bbc-bankers-risking-it-all-part-ii/ Bankers Fixing The System story about banking industry in 2012 BBC documentary With gripping first-hand accounts from banking insiders, regulators and politicians this film tells the story of two recent multi-billion pound trading disasters that rocked the City. Fri, 17 May 2013 07:45:00 PST http://goldsilver.com/new/bbc-bankers-risking-it-all-part-ii/ http://goldsilver.com/new/using-shadowstats-inflation-statistics-we-ll-see-that-the-1980-peak-of-850-equals-9-000-today/ The inflation statics published by John Williams at shadowstats.com present a more realistic picture of true US inflation numbers. As this chart clearly demonstrates gold is far away from making new 'real' highs. Fri, 17 May 2013 06:47:00 PST http://goldsilver.com/new/using-shadowstats-inflation-statistics-we-ll-see-that-the-1980-peak-of-850-equals-9-000-today/ http://www.moneyweb.co.za/moneyweb-markets/why-is-sa-importing-tons-of-gold-from-the-us International media outlets have been guessing whether it is to meet demand due to wildcat strikes that hit the country. Another is that the gold was imported to fulfil demand for Krugerrands to meet elevated demand. Fri, 17 May 2013 06:43:00 PST http://www.moneyweb.co.za/moneyweb-markets/why-is-sa-importing-tons-of-gold-from-the-us http://www.bullionstreet.com/news/central-banks-bought-109-tons-of-gold-during-q12013/4752 Q1 2013 was the seventh consecutive quarter in which central banks acquired more than 100t of gold, and the ninth consecutive quarter in which central banks have been net purchasers as they diversify their portfolios. Fri, 17 May 2013 06:17:00 PST http://www.bullionstreet.com/news/central-banks-bought-109-tons-of-gold-during-q12013/4752 http://www.miningweekly.com/article/demand-for-physical-gold-soaring-under-currencies-turbocharge-2013-05-16 The demand for physical gold is soaring to potentially record highs, boosted by the current low dollar prices that are particularly attractive in several other currencies. “Gold is looking particularly attractive in many currencies around the world and that has caused a huge physical demand response,” World Gold Council MD Marcus Grubb tells Mining Weekly Online. Fri, 17 May 2013 06:09:00 PST http://www.miningweekly.com/article/demand-for-physical-gold-soaring-under-currencies-turbocharge-2013-05-16 http://blogs.wsj.com/economics/2013/05/16/loose-central-bank-policies-looking-increasingly-dangerous-bis-official-warns/?mod=WSJBlog&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+B “If you don’t get financial stability, you will not be able to get price stability,” Fri, 17 May 2013 06:04:00 PST http://blogs.wsj.com/economics/2013/05/16/loose-central-bank-policies-looking-increasingly-dangerous-bis-official-warns/?mod=WSJBlog&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+B http://www.h-online.com/security/news/item/Skype-with-care-Microsoft-is-reading-everything-you-write-1862870.html ...and is checking who owns sites you link to Fri, 17 May 2013 06:04:00 PST http://www.h-online.com/security/news/item/Skype-with-care-Microsoft-is-reading-everything-you-write-1862870.html http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/ ...couldn’t be any stronger indication by the fund as to its beliefs about timing this bottom Thu, 16 May 2013 16:22:00 PST http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/ http://www.nytimes.com/2013/05/16/world/middleeast/tunneling-kfc-to-gazans-craving-the-world-outside.html?hp&_r=3& after Mr. Efrangi brought some KFC back from El Arish for friends last month, he was flooded with requests. Thu, 16 May 2013 15:31:00 PST http://www.nytimes.com/2013/05/16/world/middleeast/tunneling-kfc-to-gazans-craving-the-world-outside.html?hp&_r=3& http://www.defencetalk.com/japan-pm-warns-of-possible-military-response-to-subs-47783/ as 1,000 Japanese to drill 'recapturing island,' and exports to China plummet 9% in 12mo Thu, 16 May 2013 15:09:00 PST http://www.defencetalk.com/japan-pm-warns-of-possible-military-response-to-subs-47783/ http://goldsilver.com/article/could-cuba-s-past-be-your-future/ Even if you prefer stability in your life, you need to give serious thought to internationalizing at least parts of it. Thu, 16 May 2013 14:29:00 PST http://goldsilver.com/article/could-cuba-s-past-be-your-future/