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 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 Could this be the ultimate killer app and kill all national currencies: bitcoin Kill the nasty smelly derelict evil financial beast left after being self-raped... put the beast down? Bitcoin is becoming an active independent currency and is growing because of the Euro Crisis Cool T Are Bitcoins Becoming Europe's New Safe Haven Currency? By Ross Kenneth Urken Posted 1:23PM 06/18/12 Posted under: Currency Joerg Platzer, a German who owns the Room 77 restaurant in Berlin's hip Kreuzberg section, has lost his appetite for euros. Instead, he has put a large fraction of his money into Bitcoin, an online currency. "What the euro crisis and possible breakdown does is make people think about alternative [currencies] ...
Originally Posted by TedWeir Retail investors are turning to look at gold again. Have a read of Christopher Barker's (of The Motley Fool) article "The Best-Kept Secret in Gold". The really great thing about The Motley Fool is that they do a thorough job when they make a pick. A fact their community knows well. I'm tracking the shifting sentiment of retail investors searching (hoping?) for their return to equity markets. When they do that will herald a return to the healing of stock markets. The retail investing community informed by The Motley Fool is sizable so take this note as an indication 'perhaps' that the return of the precious metals bull market is immanent. G The Best-Kept Secret in Gold By Christopher Barker, The Motley Fool My investment portfolio is chock-full of names you've never heard ...
Originally Posted by TedWeir Here we go. The chatter will turn now to using gold to 'manage' the debt. Watch and learn. The masters of our world have never been watched in such detail. They/We MUST DO THIS. The world cannot work its way out of debt. It's that simple G Here's the article in the Globe and Mail by Eric Reguly : A golden idea to save (or doom) the euro Gold is back in the news, big time, and not just because the price may be on the verge of another upswing or that Peter Munk is turning Barrick, the world’s biggest gold company, into a CEO meat grinder. It’s because Germany, it appears, wants to make gold the effective currency of the euro zone before the region plunges to the bottom of the seas like a concrete U-boat. IMF says Spanish banks need at least $50-billion in aid Stumbling economies have central banks girding for more intervention Greek economy continues to crumble The weakest euro ...
Originally Posted by TedWeir I repeat: Here is a clear reason WHY the establishment will want to be printing money. Soon. Perhaps what we are seeing at Berkshire may be the kind of 'market talk' that is distributed to the market even as they are actually buying. That is the only reason I can see for his rather idiotic statements on gold. Buffet is NOT stupid. Ted... More on Buffet, Munger, Berkshire and Gold This is a follow-up on the little article on Warren where it reveals to me the reason why inflation will return and return with the clear intent of destroying the massive debt largely created by greed unbridled by regulation which, to be fair, became and continues to be out-of-date as the world's economy continues to expand. I like this article by Eric Fry which includes another version of the earlier chart. It ponders their (Buffet and Munger) establishment view and their approach to talking gold down. Love this stuff. ...
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