James Turk opines on the current gold market.
Saturday, November 27, 2010
It is all about OIL
After years of waiting, Iran has switched on its first nuclear power plant. The country's atomic chief says the Russian-built Bushehr reactor will soon begin pumping electricity to Iranian cities. For more insight, RT talks to journalist Afshin Rattansi.
Friday, November 26, 2010
Russia and China to give up on The Dollar in their Trade
China and Russia have decided to abandon the dollar and to use their own currencies in bilateral trade. This was reported by the Drudge Report website, quoting the China Daily. Chinese experts say the decision reflects the increasingly 'close relations between Beijing and Moscow does not aim to challenge the dollar but to protect the Russian and Chinese economies. The financial crisis has prompted Beijing and Moscow to choose an alternative currencies to their trade.
Stock Exchange: Tokyo closed in fall The Nikkei is -0.40%
TOKYO, NOVEMBER 26 - The Tokyo Stock Exchange closed trade in fall of 0.40%. The Nikkei index made up to 10039.56 points, less than the 40.20 at the closing yesterday.
U.S. dollar below 1.33 against the Euro
Slight recovery in the dollar this morning on the opening of the European market. The dollar was traded at 1.3268 against the euro, a slight recovery from yesterday's 1.3321.
Oil price down 25 cents to $ 83.61 per barrel
Oil prices declined today on electronic markets in Asia, with the crude duty pay for the crisis triggered by some European countries (Ireland, Spain, Portugal) and which, according to analysts, could have an impact on oil demand. The barrel for delivery in January, is trading at 83.61 cents, down 25 cents (-0.3%) on the Singapore market than yesterday. But no comparison with U.S. markets closed yesterday for Thanksgiving.
Gold: down 0.3% At $ 1,371.70 an ounce
Gold: down 0.3%A $ 1,371.70 an ounceGold fell slightly today in Asian markets. The yellow metal was trading at $ 1,371.70 an ounce, down 0.3%.
Investing in Companies Exposed to Commodities
Sica Wealth Management President Jeffrey Sica argues stocks exposed to commodities, particularly agriculture, are a good investment.
Currency Warfare, Trade Barriers, The People it Hurts
Currency Warfare, Trade Barriers, The People it Hurts
An excerpt from Bob Chapman's weekly publication.
November 24 2010:
A frayed social net, foreclosure crises caused by banks, few jobs available, standards of living to fall, Open currency warfare, FBI finds more insider trading, Bernanke and quantitative easing, toxic economy still poisoning the system.
The social net has become a bit more frayed. Soon extended unemployment benefits will cease and 2 million Americans will have to dip into their savings, if they have any. This is an outgrowth of the effects of free trade, globalization, offshoring and outsourcing. We have lost 8.5 million jobs over the last ten years to this destructive process. We have seen more than 42,000 manufacturing plants leave the country as well. There are now more than 17 million Americans unemployed and the U6 official government unemployment figures 17%. If you remove the bogus birth/death ration, the real figure is 22-5/8%. Over that ten-year period we have lost about 5.5 million manufacturing jobs or about 1/3rd of that labor force. As recent as 1985, 25% of output was in manufacturing, now it is close to 11%. America’s physical infrastructure is in a shambles, so that transnational conglomerates can bring us cheap goods to suppress inflation and bring these companies mega-profits, which they keep stored offshore to bypass taxation. They presently have $1.7 trillion in such profits.
read more >>>>
An excerpt from Bob Chapman's weekly publication.
November 24 2010:
A frayed social net, foreclosure crises caused by banks, few jobs available, standards of living to fall, Open currency warfare, FBI finds more insider trading, Bernanke and quantitative easing, toxic economy still poisoning the system.
The social net has become a bit more frayed. Soon extended unemployment benefits will cease and 2 million Americans will have to dip into their savings, if they have any. This is an outgrowth of the effects of free trade, globalization, offshoring and outsourcing. We have lost 8.5 million jobs over the last ten years to this destructive process. We have seen more than 42,000 manufacturing plants leave the country as well. There are now more than 17 million Americans unemployed and the U6 official government unemployment figures 17%. If you remove the bogus birth/death ration, the real figure is 22-5/8%. Over that ten-year period we have lost about 5.5 million manufacturing jobs or about 1/3rd of that labor force. As recent as 1985, 25% of output was in manufacturing, now it is close to 11%. America’s physical infrastructure is in a shambles, so that transnational conglomerates can bring us cheap goods to suppress inflation and bring these companies mega-profits, which they keep stored offshore to bypass taxation. They presently have $1.7 trillion in such profits.
read more >>>>
Crude Oil potential in Iran and Iraq
MME examines the true oil potential of two of the Middle East's most volatile oil and gas producers.
Rio Tinto Sees Effect of Lower Grade Copper on Production to Continue Into 2011
"ADRs of Rio Tinto (RIO) are lower in the pre-market as the company said it expects 2010 mined copper production to come in at 661,000 tonnes, according to a MarketWatch report.
The company also reportedly said it sees the effect of lower grade copper on production to continue into 2011.
Commodities are heading lower overall on Friday, with gold and crude oil both sliding as concerns over European sovereign debt and ongoing tension in the Korean peninsula sent traders to the relative safety of U.S. dollars, driving down prices for basic goods. "
The company also reportedly said it sees the effect of lower grade copper on production to continue into 2011.
Commodities are heading lower overall on Friday, with gold and crude oil both sliding as concerns over European sovereign debt and ongoing tension in the Korean peninsula sent traders to the relative safety of U.S. dollars, driving down prices for basic goods. "
Building Asset
Importance of building asset. Network Marketing is the cheapest, easiest & simplest way.
Gold Weakens as Dollar Gains on Europe Debt Woes
Gold fell 1 percent on Friday as the dollar pushed to fresh two-month highs against the euro on worries that Ireland's debt crisis was spreading and on growing speculation of an imminent Portuguese bailout.
However, gold was underpinned by some modest safe haven buying amid investor nervousness over the European debt crisis after a newspaper report that euro zone nations were pressuring Portugal to follow Ireland's lead and seek a bailout. Portugal and Germany's finance ministry denied the report
read entire article
$500 Silver?!? - Max Keiser
The People's Currency Is about to smash Wall Street's Precious Fiat Paper.
Can we say $500 silver by December 2011?
Can we say $500 silver by December 2011?
Thursday, November 25, 2010
Print Your Own Money – An Unfair Advantage
As an introduction to Chapter 11, Robert explains his ultimate unfair advantage in life – printing his own money and creating infinite returns...
Print Your Own Money – An Unfair Advantage from Conspiracy of the Rich on Vimeo.
Betting on the Won
Nov. 24 2010 | The sell-off in the Korean won provides opportunities for traders to enter into long-term won positions, says Olivier Desbarres, director of FX strategy at Credit Suisse. He makes his case for the won, with CNBC's Oriel Morrison.
John Embry Sprott Asset Management : Unlimited Money Creation To Send Gold Higher
Gold and silver prices; perspective on the junior mining sector; markets, government intervention and why all macro economic roads are leading us to gold
Creating Infinite Returns Using Paper Assets
Robert Kiyosaki , along with friend and adviser Andy Tanner, explains using paper assets and options to create infinite returns and legally print your own money.
Creating Infinite Returns Using Paper Assets from Conspiracy of the Rich on Vimeo.
Creating Infinite Returns Using Paper Assets from Conspiracy of the Rich on Vimeo.
SILVER FUNDAMENTALS - Investment Demand - Mike Maloney
The free market always wins. It always does. Hang on for the ride of your life. Thanks for the great question Tim, hope you enjoy this.
Arian Silver Mexican Mine with $3.7 billion in reserves
Andrew Mickey gives you the dirt on small mining company quietly working its way into becoming a major player in the growing silver market in Mexico.
Euro -- A Flawed Currency?
Nov. 25 2010 | The euro is flawed currency and Puru Saxena, chief executive at Puru Saxena Wealth Management, is doubtful the currency can survive over the next decade. He explains his bearish views to CNBC's Anna Edwards, Lisa Oake & Yousef Gamal El-Din.
BP Oil Spill Incident Commander Killed in Plane Crash
Jim Black, a BP incident commander for the company's Gulf of Mexico oil spill response team, died in a small plane crash near Destin, Fla., on Tuesday night, the company confirmed.
"Jim was a devoted member of our Gulf Coast spill response team and served many years with Amoco and BP. He will be missed by all who knew him and worked with him. Jim and his family are in our thoughts and prayers."
The Coast Guard said the small plane crashed Tuesday about 7:30 p.m. in Choctawhatchee Bay.
Black, whose job at the oil giant was director of operations for the Gulf Coast Restoration Organization, spent a lot of his time during the past several months in and around New Orleans. His work as incident commander for the oil spill response took him to the Joint Incident Command Center in Robert, to another operations center in Houma and often to New Orleans.
He lived in Katy, Texas, and was heading to Destin for the holidays with his sister, Charlene Miller, and the plane's pilot, Gregory Coleman of Cedar Park, Texas. Miller was Coleman's mother-in-law.
Ray Barros, More Upside to Gold
Nov. 24 2010 | Ray Barros, CEO of Ray Barros Trading Group, charts gold and sees the precious metal heading back up to new highs. He also looks at the euro, with CNBC's Oriel Morrison.
John Stadtmiller - Bob Chapman, Roundtable 2010.11.23
John Stadtmiller 2010.11.23 - Bob Chapman, Roundtable
John Stadtmiller Nov 23 2010 - Jeff Bennett,Bob Chapman- Roundtable - Commercial Free
John hosts a weekly financial round table with Jeff Bennett and Bob Chapman. Some have said this is the best two hours in radio.
John and Bob in both hours and Jeff makes a very brief appearance in the second hour. I listened to some of it, they mentioned over 800 banks closing.
___________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
John Stadtmiller Nov 23 2010 - Jeff Bennett,Bob Chapman- Roundtable - Commercial Free
John hosts a weekly financial round table with Jeff Bennett and Bob Chapman. Some have said this is the best two hours in radio.
John and Bob in both hours and Jeff makes a very brief appearance in the second hour. I listened to some of it, they mentioned over 800 banks closing.
___________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
Wednesday, November 24, 2010
Bob Chapman The FED and the Dollar going down just a matter of time
Bob Chapman on Radio Liberty 22 Nov 2010
Bob Chapman wrote in the International forecaster of the 24th November 2010 :"...The social net has become a bit more frayed. Soon extended unemployment benefits will cease and 2 million Americans will have to dip into their savings, if they have any. This is an outgrowth of the effects of free trade, globalization, offshoring and outsourcing. We have lost 8.5 million jobs over the last ten years to this destructive process. We have seen more than 42,000 manufacturing plants leave the country as well. There are now more than 17 million Americans unemployed and the U6 official government unemployment figures 17%. If you remove the bogus birth/death ration, the real figure is 22-5/8%. Over that ten-year period we have lost about 5.5 million manufacturing jobs or about 1/3rd of that labor force. As recent as 1985, 25% of output was in manufacturing, now it is close to 11%. America’s physical infrastructure is in a shambles, so that transnational conglomerates can bring us cheap goods to suppress inflation and bring these companies mega-profits, which they keep stored offshore to bypass taxation. They presently have $1.7 trillion in such profits....."
SILVER: Banks LOSING the Battle
Jim Turk says 'HOLD YOUR POSITION.' Silver could be at $30 in a matter of weeks. And a brief web bot discussion about the epic event predicted for Nov. 8 - 11. Things are falling into place for the death of our currency. Heaven help us.
Patriot Radio News Hour: America Trending Towards and Inflationary Economic Depression
Monday, October 04, 2010
By: Bob Chapman - MarketOracle.co.uk
There is no question that those who control our government from behind the scenes are bound and determined to take over the $6 trillion in private pension plans. Whether they'll be successful remains to be seen. The Department of Labor wants to force all IRA's and 401k's into the arms of a corporate fascist government, that knows better what is good for you, than you do. You would exchange your hard earned investments for a guaranteed, government annuity that is not worth the paper it is written on.
We have been writing about this for more than a year, but as usual few are listening. People say the government won't and can't do that. Government can do anything it wants.
http://www.allamericangold.com/
6 Natural Gas Stocks for 2011
NEW YORK (TheStreet) -- Dan Dicker, senior contributor for TheStreet, argues why he thinks 2011 will be the year for natural gas and reveals his top stock picks.
Gold Prices Will Ignore China
NEW YORK (TheStreet) -- Nicholas Brooks, head of research and investment strategy for ETF Securities, says despite any rate hike in China, investors will continue to look...
Nicholas Brooks : ...I think the -- will be pretty immutable again I think most of the investors in Asia. Are either accumulation -- Within medium to long term accumulation in mulling whether it's the Chinese Central Bank or whether it's private investors. To the extent that they can access gold. Are so my own sense is that. -- are structural factors that are unlikely to be affected by -- relatively small movements in monetary policy and again I think the key point to remember China is they have no interest whatsoever in. Slowing growth sharply they're just tried to temper some of the overheating that we've been seeing on the over the past year -- so.
If they are able to stem inflation however won't that hurt investors -- have been buying gold as a hedge against inflation.
Well again I think in my mind one of the main reasons investors have been buying gold has really been -- currency debasement argument not so much. Directly inflation -- one -- basic currency through inflation but one can also -- basic....
Nicholas Brooks : ...I think the -- will be pretty immutable again I think most of the investors in Asia. Are either accumulation -- Within medium to long term accumulation in mulling whether it's the Chinese Central Bank or whether it's private investors. To the extent that they can access gold. Are so my own sense is that. -- are structural factors that are unlikely to be affected by -- relatively small movements in monetary policy and again I think the key point to remember China is they have no interest whatsoever in. Slowing growth sharply they're just tried to temper some of the overheating that we've been seeing on the over the past year -- so.
If they are able to stem inflation however won't that hurt investors -- have been buying gold as a hedge against inflation.
Well again I think in my mind one of the main reasons investors have been buying gold has really been -- currency debasement argument not so much. Directly inflation -- one -- basic currency through inflation but one can also -- basic....
Insider Trading Probe Impact on Financial Sector
Rochdale Securities Financial Analyst Dick Bove on how the insider-trading investigation will affect banks and their stocks.
Hedge Funds in Feds Crosshairs
FBN's Liz MacDonald on the latest on the insider-trading investigation.
Robert Kiyosaki on Follow the Money Weekly radio show 20 Nov 2010
Conspiracy of the Rich with Robert Kiyosaki
Follow the Money Weekly radio show host Jerry Robinson interviews Robert Kiyosaki about his newest book, the rules of the game, and financial education.Rob McEwen, Gold -- the alternative and ultimate currency
Gold price will reach $5,000 predicts Rob McEwen
Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp, explains what has caused the gold price to rise over the past decade. The gold price is going up because it is an alternative currency and the ultimate currency. Other currencies are being debased and in general there is a high level of debt at government, corporate and personal levels. People buy gold to diversify their investment portfolio.
Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains that whether to buy physical gold bullion and/or gold mining stocks depends on your risk profile. He compares junior gold mining stocks with senior gold mining stocks. Video recorded on November 5, 2010.Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp, predicts a gold price of $5,000 by the time it peaks. He acknowledges the role of gold as money. People invest in gold to protect their other investments.
Bob Chapman : TSA Molestations is psychological warfare against the Americans
Bob Chapman on Discount Gold and Silver Trading Nov 22 2010
Bob Chapman wrote in the International Forecaster of the 17th November 2010 :"...Most companies have laid off as many workers as they dare too and will lay off more as revenues continue to fall. Investors believe that $600 billions in QE2 will make things lots better. The economy, again, is not being targeted. What is being targeted again is the financial sector, particularly the stock market. Those who own the Fed and those within that system must be saved. The market has to be saved because if it is not the last vestiges of personal wealth will disappear. If that happens the middle class and retirees will go ballistic and into panic...."
Tuesday, November 23, 2010
Peter Schiff vs. Gata: $56,000 Dollar Gold?
Peter Schiff comments on silver gold price suppression and $56,000 Gold
I snipped and edited this piece down to 5 minutes and added some wordage that might make it a bit easier to follow
This is Adrian Douglas From GATA and Peter Schiff. I found it stimulating to hear Schiff challenge some core beliefs of the Gata Group. What do you think?
I snipped and edited this piece down to 5 minutes and added some wordage that might make it a bit easier to follow
This is Adrian Douglas From GATA and Peter Schiff. I found it stimulating to hear Schiff challenge some core beliefs of the Gata Group. What do you think?
Gold and Silver vs Real Estate
Buy Silver Bullion And Gold Vs Real Estate
Buy silver bullion and gold versus real estate video by Mike Maloney - GoldSilver
HOW TO DETECT A FAKE TUNGSTEN GOLD BAR
HOW TO DETECT A FAKE TUNGSTEN GOLD BAR ?
GoldMoney, one of the world's largest providers of physical bullion for retail and institutional investors, is now using ultrasound technology to test for foreign material and defects within the gold bars that it stores for its customers. GoldMoney has teamed up with GE Inspection Technologies to examine all the gold bars stored in its vaults in London, Zurich and Hong Kong to ensure that each bar meets the new 'GoldMoney Standard'.
- No tungsten gold bars
- No fake gold bars
- No poor quality gold bars
Nothing less than the best 99,99% fine gold bars.
GoldMoney, one of the world's largest providers of physical bullion for retail and institutional investors, is now using ultrasound technology to test for foreign material and defects within the gold bars that it stores for its customers. GoldMoney has teamed up with GE Inspection Technologies to examine all the gold bars stored in its vaults in London, Zurich and Hong Kong to ensure that each bar meets the new 'GoldMoney Standard'.
- No tungsten gold bars
- No fake gold bars
- No poor quality gold bars
Nothing less than the best 99,99% fine gold bars.
The Bottom 20% of America is in for a Cold, Hungry Winter
Some Economists are reporting that QE2 will top 1 Trillion Dollars. We are already seeing the effects of this unprecedented money printing in the price of Gold and Silver. With commodities surging expect food and energy to surge this winter. The lower middle income earners spend a higher percentage of their incomes on these basic items. Inflation and Hyperinflation will effect these individuals the most.
Gold Prices Could Move Much Higher says Brian Kelly
Nov. 23 2010 | Brian Kelly, president of Kanundrum Capital, tells CNBC why he thinks gold prices have more room to run.
EU Faces Far Larger Problem in Spain
Nov. 23 2010 | "If there is decisive action, clear action on Ireland and it fails, then we will be facing a far larger problem in Spain very quickly," Tim Linacre, CEO of Panmure Gordon, told CNBC Tuesday. Steve Barrow, head of G10 research at Standard Bank, joined the discussion.
Housing Sector Shows Signs of Weakness
FBNs Robert Gray breaks down the latest market data as a report shows existing home sales fell.
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