For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
Rickards and Butowsky on Bloomberg Stocks and Gold
Jan. 24 (Bloomberg) -- Ed Butowsky, managing partner at Chapwood Capital Investment Management LLC, and James Rickards, senior managing director of Tangent Capital Partners, talk about the U.S. economy, investment strategy and Federal Reserve monetary policy. They speak with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
Rickards on GOLD: Gold "Not a bubble.." $3000 Gold reasonable. $7000 possible, recommends 20% allocation for aggressive investors.
Video Interview HERE: http://youtu.be/LtNinfLrebI
China Hoarding of Gold Turns More Traders Bullish
Eighteen of 23 surveyed by Bloomberg expect the metal to gain next week, the highest proportion since Nov. 11. Mainland China imported almost 102.8 metric tons in November, valued at about $5.4 billion, trade data on Jan. 11 showed.
Full Article
Gold Returns in 2012 will Beat Last Year, WGC Says
http://www.bloomberg.com/video/83596472/
The Land of Anti-Gold Propaganda : The Implode-o-Meter Blog
"This is especially true when even the propagandists themselves have already publicly identified a much more direct (and truthful) driver of lower gold prices: “the lowest negative lease rates on record”. The bankers pay “traders” (i.e. their agents in U.S./UK banks) to borrow their gold – and then that gold is immediately dumped onto the market in the form of more bankster shorting."
Gold Lease Rate Slides to Lowest on Record as European Banks Seek Dollars
"The one-month lease rate on gold fell to minus 0.57 percent on Dec. 6, the lowest according to Bloomberg data going back to January 1998. The rate, derived by subtracting the gold forward offered rate from the London Interbank Offered Rate, was at minus 0.56 percent today and compares with minus 0.23 percent at the start of this year. A negative reading means banks have to pay to have their gold deposits lent."
Nassim Taleb on bloomberg
Gold-coin sales reaching one-year high signal no end to rally
Bloomberg News
Sunday, May 15, 2011
Silver Investors Dump Bets After Exchange Boosts Margins 84%
The biggest slump for silver since 1983 may not be over as the Comex exchange in New York makes it 84 percent more expensive for speculators to trade the metal, triggering an exit by investors.
The minimum amount of cash that must be deposited when borrowing from brokers to open new positions will rise to $21,600 per contract after May 9, CME Group Ltd., Comex’s owner, said yesterday. That’s up from $11,745 two weeks ago. Open interest in futures has tumbled about 15 percent since the exchange began raising margin requirements on April 25.
Ship With $260 Million of Silver Hunted by Odyssey
Odyssey aims to salvage Gairsoppa’s cargo from beneath as much as 14,000 feet (4,270 meters) of water amid surging prices for silver, which has more than doubled in the past year, and gold, which rose to a record last week. The company recovered 17 tons of gold and silver coins in 2007 in an Atlantic Ocean operation it codenamed Black Swan. It also plans to hoist treasure from at least five other ships, including HMS Sussex, which sank in 1694 near Gibraltar and may hold gold that the New York Times has estimated is valued at as much as $4 billion.
http://www.bloomberg.com/news/2011-03-29/odyssey-hunts-nazi-torpedoed-ship-with-260-million-of-silver.html
Shipwrecks that lie deep in the depths of our seas have long since drawn treasure hunters in search for their precious lost cargo. In 2007, Exploration and salvage company Odyssey Marine Exploration the ‘Black Swan’ shipwreck with estimated value of $500 million in coins.http://aquaviews.net/scuba-diving-stories-news/richest-shipwreck-treasure-fetched-500m/
Radiation Found Outside Japan Reactor, Signaling Meltdown
A partial meltdown of fuel rods in the No. 2 reactor probably caused a jump in the readings, Japan Chief Cabinet Secretary Yukio Edano said.
Plutonium-239, a byproduct of fission used in nuclear weapons, was found in soil samples taken on the plant site March 21 and March 22, Tokyo Electric said in a statement today.
FULL STORY: http://www.bloomberg.com/news/2011-03-28/radiation-level-outside-damaged-japan-reactor-may-cause-death-within-hours.html
| Press Release (Mar 28,2011) Detection of radioactive material in the soil in Fukushima Daiichi Nuclear Power Station |
On March 28th 2011, as part of monitoring activity of the surrounding environment, we conducted analysis of plutonium contained in the soil collected on March 21st and 22nd at the 5 spots in Fukushima Daiichi Nuclear Power Station. As a result, plutonium 238, 239 and 240 were detected as shown in the attachment. We will continue the radionuclide analysis contained in the soil. ‹Results of the analysis› -Plutonium was detected in the soil of Fukushima Daiichi Nuclear Power Station. -The density of detected plutonium is equivalent to the fallout observed in Japan when the atmospheric nuclear test was conducted in the past. -The detected plutonium from two samples out of five may be the direct result of the recent incident, considering their activity ratio of the plutonium isotopes. -The density of detected plutonium is equivalent to the density in the soil under normal environmental conditions and therefore poses no major impact on human health. TEPCO strengthens environment monitoring inside the station and surrounding areas. -We will conduct analysis of the three additional soil samples. |
Silver Will Rise to $50 on Demand, Supply Drop, Hightower Says
“We should see silver demand increase and we will reach my $50 objective this year,” Hightower said. “Silver production is not keeping up with demand.”
FULL ARTICLE
Gold Buying in China Jumps as Inflation Flares, Boosting Demand, UBS Says - Bloomberg
Gold purchases in China, the world’s largest producer, climbed to 200 metric tons in the first two months of 2011 as faster inflation boosted consumer demand, according to UBS AG, which said the price may gain to $1,500.
SEE FULL STORY
