Originally Posted by Goldbggr Over the past several months I took a break from posting in the midst of the negative throng. I'm back. I am interested in the gold cycle as you know and all I saw was the inexorable gringing away of resource valuation and the legion of complaints about that situation. The wide accusations of manipulation is but a single story line from a blame-oriented position. I find that argument useless. Everyone tries to manipulate what they think they control—that should be obvious. The ones who think they control things are trying to—duh! If you were in their position isn't that what you would do? That is: try and protect what you have spent your whole life in. But the truth is the harder they try and maintain their situation the deeper they have to go and at some point they will hit bottom. They know this. They are planning for it. They will place themselves in position to remain wealthy and in control. So the cyclical bear ...
Originally Posted by TedWeir While pointing the finger at China (correctly in my opinion) I would also say that this is an international effort as all the banks are working to avoid the natural result for money of printing money. This a is a situation that has been and continues to be a massive paint job. The price of gold is a temporary fiction written to support the increasingly illusory value of paper money. Make no mistake—I think that fiat currency has allowed massive expansion economically to support the development of the species of humanity. The problem is with the single-minded focus on profits at all cost that has driven those in the 'banking class' to ultimately invent financial products that were so obviously self-serving that the only reason they could have hung onto is the idea that if 'I' make money it will be good for everyone. In fact the delusion has resulted in massive black holes of monetary products many of which I believe are still hidden. We have years to run ...
Originally Posted by TedWeir What Can Happen with Gold If the Dollar Collapses? By: Przemyslaw Radomski, CFA | Tue, Dec 4, 2012 Today's essay is the first one in our two-part commentary on U.S. debt and the dollar collapse. On numerous occasions we have gone back in our commentaries to the year 1971 and U.S. President Richard Nixon's decision to cut off the ties between the greenback and gold. Today, we revisit the topic once more and check what kind of implications it has for the price of the yellow metal. Prior to 1971 the most prominent world currencies had been regulated by the Bretton Woods system. Under this agreement, the U.S. agreed to link the dollar to gold. This meant that any amount of dollars handed over by a foreign government or central bank would be exchanged for gold at $35 per ounce. Such an arrangement had a particularly important consequence for money creation. Namely, the U.S. government shouldn't issue more paper ...
Originally Posted by TedWeir We may just be starting to go go go gold .... Today’s AM fix was USD 1,732.75, EUR 1,362.23, and GBP 1,085.55 per ounce. Yesterday’s AM fix was USD 1,715.00, EUR 1,347.42, and GBP 1,075.84 per ounce. Gold rose $14.50 or 0.84% in New York yesterday and closed at $1,732.80. Silver dropped to $31.62 in London, then hit a high of $32.412/oz in New York and finished with a gain of 1.76%. Global Commodities – Prices and Data (5 Day) Gold is 3.35% higher and silver 4.53% higher this week in US dollars in the aftermath of Obama's reelection.
Originally Posted by TedWeir It has always been a question of when as far as QE3 is concerned: "It's the economy stupid" (Bill Clinton) "It's always the economy. It always is, always has been" (Goldbggr) What is predictable is that: It's the economy, it's us, we made it we continue to make it. So why would they let it be destroyed? After all it is the master banking class' money too. The story goes on. G Dollar falls after Bernanke speech Dollar weakens after Bernanke says Fed can do more if economy doesn't improve NEW YORK (AP) -- The dollar fell against most major currencies Friday, after Federal Reserve Chairman Ben Bernanke said that the central bank can do more to help the U.S. economy rebound. Traders have been speculating about the odds of another round of quantitative easing from the Fed. It has already launched two rounds of bond purchases, most recently in August 2010. Those purchases ...
Originally Posted by TedWeir The shrieking amongst those pained (who isn't?) in this market continues but... The action in the gold sector may ramp up soon with juniors acquiring juniors. T Story: Avion Gold shares jump 20% after takeover offer valued at $389 million TORONTO - Junior miner Avion Gold Corp. (TSX:AVR) saw its shares rise to their highest levels since May a day after Endeavour Mining Corp. (TSX:EDV) announced it will acquire Avion in an all-stock deal worth about $389 million. Avion was the most active issue on the Toronto Stock Exchange Wednesday, up 21.43 per cent or 12 cents to 68 cents, with 14 million shares changing hands. Under the deal, Avion shareholders will receive 0.365 of an Endeavour share. The company says that based on Endeavour's closing share price of $2.40 on Tuesday, the deal represents a 56 per cent premium to the closing price of Avion shares. Endeavour ...
Originally Posted by TedWeir Note: This has been extensively rewritten having distilled the essence of my thinking from the 'rant' of the previous version. —G As I, like the rest of most of my friends, gape in fearful wonder at the financial drought and critical damage to the world's exchangeable currencies caused by the manipulative greed of those who own and operate it, I have cause to look deeper into the potential of little moves which may fell the monster. I see a scenario emerging where the top 1% can be seen, through market behavior, manipulating the markets to retain (and increase) their wealth and power. This is not unusual and were I in that position I would, if my existence revolved around wealth and power, be predisposed to do the same. Caught in this cycle of planetary change they probably see their danger. With severely damaged economies shrinking the foundation and extendability of their ascendancy they must be seeing gold's historic behavior ...
Originally Posted by TedWeir Resource nationalism is really economic nationalism. Think about it. The size and complexity of our economic and communications world has expanded exponentially but the economies in it have not and see the American version of the free market for what it is: greed and power. And that's what they want too, the what-used-to-be the American Dream. It should come of no surprise that they want what they see as theirs within the boarders of their country. in order to be able to play well with others. We are seeing is the emergence of new realities in markets and governments. I feel sorry that companies are getting caught in the sea change that began at the turn of the century. Don't get mad about it and realize that the big cop on the block, the USA, simply can't threaten, cajole or control this new world in the process of reordering itself. Investors need to learn to see things as they are and ...
Originally Posted by TedWeir sell in May... buy in late July? =) Ubika Research's Daily Box Score: Top Junior Gold Mining Stocks Gained 30% In tracking the small cap stock universe for Wednesday, July 25, 2012, Ubika Research found that the top 10 small cap stock gainers from each of the listed sectors performed as follows: Metals & Mining stocks: +28% Gold stocks: +30% Energy stocks: +22% Technology stocks: +11% Clean Tech stocks: +8% The top individual small cap stock gainers include Velocity Minerals Ltd. ...
Originally Posted by TedWeir You know its going to happen. You know its gotta be close. The mess we are in. The bank-generated planetary financial drought... Super banker Geithner is warning... ever consider that the people who created this crisis are all still there, getting paid in the expectation (and promise) that they wil fix it. Does anyone still believe this nasty beings? It's like they are all from another planet and have buried alien conquest in our economies through the unbridled stupidity and greed of the race of sociopaths that always get paid. Nasty. T By Jonathan Yates, Contributing Writer, Money Morning In testimony yesterday (Wednesday) before the House Financial Services Committee, U.S. Secretary of the Treasury Timothy Geithner may have inched us closer to QE3 when he warned that the U.S. economy will be slammed by two major factors: the immediate danger from the Eurozone debt crisis and ...
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