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DOW is at an all time high for a reason, and its leading to gold.
Wow... this is extraordinary... TY!!!
Courtesy of trunkmonk...
I think Tarullo, knows not only what is coming with in his position in the fed, he taruly knows what is ahead with gold and the dollar. he is leaving and my guess he is loading up.
http://www.investopedia.com/news/fed-officials-departure-creates-opening/?partner=YahooSA&yptr=yahoo
http://www.onlygold.com/Gold-Articles-Detail.asp?ArticleNum=656
It's coming and they just don't believe it. Gold around 1333 this afternoon.
http://realmoney.thestreet.com/articles/02/10/2017/fed-boosts-reserves-375-billion-five-weeks?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Looking good so far this am. Gold at 1230.
Agreed based on cartel past practice....
Need verification, I think gold price is stable to up today.
Gold ETF Mechanics: An Infographic
by BullionStar Jan 4, 2017 3:30 PM
http://www.zerohedge.com/news/2017-01-04/gold-etf-mechanics-infographic
Gold’s Crazy Secret
BY RAY BLANCO POSTED FEBRUARY 8, 2017
https://dailyreckoning.com/golds-crazy-secret/
Let’s talk about gold. But not in any way you’ve likely read about ever before.
You know everything there is to know already, right?
That gold has been real “money” for all of human history…
That Gold is scarce; it has unmistakable properties; and it does not rust, wear out or fade…
That even in today’s crazy Trump market, gold is one of the only “safe-haven” assets.
But forget about what you know about gold right now. Because gold has the potential to do much more than just protect wealth…
That’s because its unique properties extend way beyond what’s obvious to the naked eye.
In this particular industry, gold will create wealth… and make investors rich.
The industry I’m talking about is biotechnology.
Believe it or not, gold is an excellent delivery vehicle for a variety of biotech-related applications, since it has the ability to take up and hold proteins on its surface.
It can carry everything from genes to stem cells. As a plus, gold isn’t rejected by the human body.
Because of this, gold could be revolutionary in the treatment of disease.
I’ll get to that in a moment. But first, before gold can treat you, you have to be diagnosed…
…And I believe gold will completely transform the multibillion-dollar diagnostic market forever.
Instead of waiting days or weeks for an expensive blood test done at a lab, you will be able to have an answer to your health-related question in a matter of minutes — in your very own home.
It’s currently in the works. And since early detection is key to curing many diseases — including cancer — in-home, gold-enabled diagnostic technology will help save countless lives.
The use of nano-sized gold particles to detect cancer could be a major leap forward in the all-important world of diagnosis…
…But as I mentioned earlier, we could see the same minute gold particles revolutionize cancer treatment.
Gold’s chemical configuration has captured the imagination of biotech researchers. It is being closely studied in university labs around the world. One day, it might even help cure cancer.
Researchers at prestigious institutions like the Mayo Clinic, the MD Anderson Center, Rice University, the Georgia Institute of Technology and more have all been figuring out how to kill cancer cells using gold nanoparticles.
Essentially, scientists coat tiny particles of gold — as small as 60 billionths of a meter — with antibodies that bond easily to cancer cells.
Once injected, they attach themselves to the cancer cell, where the gold naturally migrates inside the cell. From there, doctors can hit the gold concentrations with a laser that destroys the cancer.
What about cancers hiding where lasers can’t read? They’re working on that, too. One potential method is to “load” the gold nanoparticles with a toxin that will only be triggered once it has entered a cancer cell.
The point is, gold may be the “magic bullet” for detecting and surviving cancer. I guarantee that’s the biggest secret application of gold you’ve never read about.
And while this research is still in its earliest stages, it’s the foundation for huge fortunes for early investors.
To a bright future,
Ray Blanco
for The Daily Reckoning
Gold migrating around 1240.
Spot at 4pm at 1233ish. Stan Druckenmiller is back in gold, leaving gold election night, he said he is now all in again. Shorts be afraid, be very careful.
Megatrends 2020: What They Mean For Gold - Peter Diekmeyer
December 13, 2016
https://www.sprottmoney.com/Blog/megatrends-2020-what-they-mean-for-gold-peter-diekmeyer.html
Deutsche Bank Provides "Smoking Gun" Proof Of Massive Rigging And Fraud In The Silver Market
by Tyler Durden Dec 8, 2016 3:03 PM
http://www.zerohedge.com/news/2016-12-08/deutsche-bank-provides-smoking-gun-proof-massive-rigging-and-fraud-silver-market
My oldest source/collection of gold commentary: http://www.gold-eagle.com
Precious Metals Key Levels For Buyers
Wednesday November 23, 2016 14:56
http://www.kitco.com/commentaries/2016-11-23/Precious-Metals-Key-Levels-For-Buyers.html
An interesting list is at the link above...
These dirty bitches broke $1200 POG... unreal!!!
Precious Metals Stocks May Be Poised for a Major Upswing
Source: Clive Maund for The Gold Report (10/31/16)
https://www.streetwisereports.com/pub/na/17161
Technical analyst Clive Maund outlines why he believes the correction in gold and precious metals stocks is coming to an end.
Even the MA300 is trending up for $GOLD:
From... ThirdEyeOpenTrades...
In Major Victory For Gold And Silver Traders, Manipulation Lawsuit Against Gold-Fixing Banks Ordered To Proceed
by Tyler Durden Oct 5, 2016 2:45 PM
http://www.zerohedge.com/news/2016-10-05/major-victory-gold-silver-traders-judge-approves-manipulation-lawsuit-against-hsbc-s
The lawsuit is one of many in the Manhattan court in which investors have accused banks of conspiring to rig rates and prices in financial and commodities markets: courtesy of this ruling, alleged "manipulator" banks will now be far more eager to reach a settlement or else risk a full blown discovery process.
Sleep of the Just
by Andrew Hoffman | Jul 17, 2012
https://www.milesfranklin.com/sleep-of-the-just/
The most important aspect of life is comfort with one’s decisions. We are all subject to nuances, vagaries, and uncertainties, but no one can regret things outside their control. Conversely, “unknown unknowns” are beyond our ability to foresee.
In the past decade, we have witnessed the END of free financial markets, in real time. In this treacherous environment, being “right” is not enough, and luck is a scarce resource. And one shouldn’t trust anything to luck, as too much is at stake, both financially and personally. Thus, shame on ANYONE losing money in stocks, bonds, real estate, or any asset class in a KNOWN bear – or RIGGED – market.
From 2003 to 2007, I made more money in mining stocks than over an entire career of 80-hour work weeks. Thus, when the losses piled up thereafter, I convinced myself it was “house money” – and, of course, that the fundamentals of rising PM prices would eventually win out. I erroneously assumed free markets would return, and thankfully sold some stocks to buy my house in May 2007. Lest, my savings would have been lost – and with them, my SANITY. In this case luck won the day, and my wife’s compromise of moving to Denver (in return for me agreeing to buy a house) was the best decision of her life. But make no mistake, it could have easily gone the other way – and if it did, I wouldn’t be writing today.
EVERYONE has “investment regrets” over the past five years, but some worse than others – particularly those that forsook logic and intuition due to stupidity and greed. In my case, it took longer than I imagined to realize PM miners were tainted by naked shorting and capital strangulation (care of the U.S. government and Canadian investment banks), despite being correct in my assertion gold and silver prices would rise. I desperately wanted to “make it work” in this cursed sector – both investment-wise and professionally – but made the hard decision to cut my losses, like a drug addict kicking the habit. In the big picture, I wish I had done better, but KNOW I made the right decision – and consequently, sleep like a baby each night.
My personal experience relates to shifting from mining stocks to PHYSICAL bullion, but everyone has their own story. Unfortunately, most fall prey to sirens luring them to excessive, and often catastrophic, losses, in the same manner slot machines destroy gamblers. Frankly – as I write on the flight home from Las Vegas – the odds of “beating the house” appear to now be even with – or perhaps, superior to – “beating” rigged financial markets.
Before selling my remaining stocks last summer, the night entailed a repeating torture of nightmare and regret. Dreams release our repressed feelings, so make no mistake – if ye have sinned, ye will repent. Each night, my life passed before my eyes, and each morning the past eight hours’ pain was fresh on my mind. It’s hard to believe my life was so agonizing, so recently – but that was then, and this is now. Currently, I sleep with a peace not realized since childhood, as I KNOW my family is protected, and KNOW my decisions – some of them extremely difficult – were wise and true.
In all aspects of life, I wish you the strength to “choose wisely,” recognizing the coming FINANCIAL ARMAGEDDON will make such decisions trying. The light at the end of the tunnel awaits, but only for those with courage to recognize the grim reality, and fortitude to act accordingly, no matter how difficult the choices may seem. Peace of mind – and blissful “SLEEP OF THE JUST” – will reward your efforts, to SAVE YOUR LIFE.
I'm wanting to the start Roth IRA gold/silver any suggestions splits,good time any help is greatly appreciated
Craziness in this sector today:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125185161
I do not predict.
What do you make of the chart?
Reverse head and shoulders if it goes sideways a while?
What The Next Gold Confiscation Will Look Like (And How To Protect Yourself)
by Tyler Durden Aug 11, 2016 6:30 PM
http://www.zerohedge.com/news/2016-08-11/what-next-gold-confiscation-will-look-and-how-protect-yourself
Submitted by Nick Giambruno via http://www.InternationalMan.com,
On April 5, 1933, under the pretext of a national emergency, President Franklin D. Roosevelt issued Executive Order 6102, making it illegal for U.S. citizens to own gold.
The decree forced Americans to sell their gold at an artificially low “official price.” If they refused, the government could hit them with stiff penalties: a $10,000 fine (equivalent to $180,000 today) and/or up to 10 years in prison.
The government blatantly stole wealth from the American people.
Many worry the U.S. government might confiscate gold again if it becomes desperate enough. I don’t think those fears are unfounded. The U.S. government’s abysmal financial situation is only getting worse.
But would it really do a 1933-style grab again?
I don’t think it will. However, there is another growing threat to your gold.
More Likely Than Outright Confiscation
Today, only a tiny fraction of the U.S. population owns gold. Heck, I’d bet most Americans have never even seen a gold coin, much less appreciate its value.
This wasn’t the case in 1933, when the U.S. was still on a variation of the gold standard. That’s why the government probably won’t repeat the 1933 rip-off. It’s simply not worth the effort.
If the government wants to confiscate wealth, it’s far more likely to go for the easy option… steadily debasing the currency by printing money. It’s a stealthy way to confiscate from savers.
That doesn’t mean gold owners are in the clear.
I think the government will try a new scam: taxing windfall profits on gold. This would make it much easier for the government to accomplish something similar to its 1933 heist.
There’s precedence for it, too. In 1980, Congress passed the Crude Oil Windfall Profit Tax Act, which taxed up to 70% of “windfall profits” of domestic oil producers.
What the heck is a windfall profit anyway?
As far as I can tell, it’s whatever politicians decide it is. It’s completely arbitrary. There are no objective measures to define it.
In short, a windfall profit is simply a profit politicians don’t like. The whole concept is a scam—a word trick to camouflage and sanitize legalized theft.
If the price of gold explodes, I wouldn’t be surprised if Congress passes a Fair Share Gold Windfall Profit Tax Act levying a tax of 80%, 90%, or more on gold profits.
Fortunately, there are some practical steps you can take to protect yourself from this form of politically motivated expropriation.
What to Do
One way you can avoid a windfall-profits tax on gold is to renounce your U.S. citizenship. But that’s a drastic step. It’s just not realistic for most people.
Thankfully, there’s a far more practical option. You can do it from your living room. And you don’t have to turn in your passport.
The solution is to own gold stocks in a Roth IRA.
A Roth IRA is a tax-free zone. You fund it with after-tax savings, and any future capital gains or income derived from investments in your Roth IRA are not taxable. While you can never be 100% sure what the U.S. government will do, it’s far less likely a future tax increase, even a windfall-profits tax, would affect investments in a Roth IRA. A Roth IRA is the most practical way to protect yourself from the most likely form of future gold confiscation—a windfall-profits tax. It makes you a hard target. All the details are in Doug’s latest video...
Slipping for now but the primary trend is up.
The Comex Silver and Gold Paper Derivative Fraud Deepens
July 8, 2016
http://www.commoditytrademantra.com/gold-trading-news/the-comex-silver-and-gold-paper-derivative-fraud-deepens/
Putting it all together…
While it’s clear that The Banks on The Comex are desperately feeding new paper contracts to The Specs in an effort to contain/restrain the gold price, at least there has been a coincident rise in the physical collateral backing the paper contracts. In silver, where the situation is equally tenuous, The Banks are issuing new paper contracts without conjuring up any additional physical collateral. The Banks are simply adding additional leverage to an already-teetering system and, in doing so, have extended their potential delivery liability to 120% of total global mine supply. (Actually, if you take out China’s 150,000,000 ounces of annual production that’s NOT for sale, total global silver production falls to 730,000,000 ounces and the liability rises to 145%!)
In 2011, the Comex price of silver shot higher due, in large part, to physical demand. This run culminated in a $10 move during the month of April that was almost entirely driven by near-panic short covering by The Comex Banks. The CFTC-generated data at the time left zero doubt regarding this conclusion. Only The Sunday Night Massacre of May 1, 2011 and the CME’s five margin hikes in the nine days that followed saved The Banks from massive further losses and possible collapse.
Could silver be on the verge of another, similar event? Only time will tell and global physical demand will be the key. However, silver investors would be wise to consider the possibilities and act accordingly, knowing full well the extent of the fraud and scam of the current Comex Paper Derivative Pricing Scheme.
A Few Questions To Those Who Slam Gold
Submitted by Phoenix Capital Research on 05/27/2016 10:32 -0400
http://www.zerohedge.com/news/2016-05-27/few-questions-those-who-slam-gold
Alasdair Macleod: If You’ve Got Gold, You’ve Got Money; If You Haven’t Got Gold, You’ve Got a Problem - The Daily Coin May 5, 2016
https://www.sprottmoney.com/blog/alasdair-macleod-if-youve-got-gold-youve-got-money-if-you-havent-got-gold-youve-got-a-problem-the-daily-coin.html
Akin to ancient Rome, the United States has over-extended herself. She has created a climate that could easily be transformed into a war on a slight pretext. Wars, as it is well known are also a means a nation can extricate itself from debt and financial responsibility. – The U.S. Endgame, Jeremiah Johnson (nom de plume, retired U.S. Special Forces, excerpt from Zero Hedge
One would have to be blinded from either denial or ignorance not see the escalating political and military tension between the U.S. and Russia/China. While the U.S. media spins the story into a tall-tale in which BRIC nation leaders are the provocateurs, the truth is that the U.S. has transformed its illegitimate “war on terror” into war on the world in a last-gasp attempt hold onto the economic and geopolitical hegemony it has enjoyed for several decades.
When you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you – you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed. – Francisco’s “Money Speech,” from “Atlas Shrugged”
If you reread that passage, think about how it applies to the Patriot Act, Homeland Security Act, Wall Street, the Justice Department and Hillary Clinton. It’s pretty obvious the U.S. is collapsing economically, politically and socially.
Perhaps the one last chance at saving the United States is embracing the truth – the truth as it is and not the “truth” the U.S. Government would have you believe. But economic and political truth is seeded in honest money – think about the Federal Reserve, the Comex and the political elitists in the context of this passage from “Atlas Shrugged:”
Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. – Francisco “Money Speech”
The San Francisco Fed’s “President,” John Williams was blowing his weekly smoke on Monday. He said that higher interest rates would trigger “big movements downward” in asset valuations. He didn’t exactly discover plutonium with that revelation. But with his comments, Williams inadvertently admitted that the policy makers were responsible for creating what is now the biggest asset bubble in history. This is not going to end well.
The Shadow of Truth hosted Alasdair Macleod for a discussion which ties into the ongoing financial, economic and political collapse of the United States. Alasdair offers some original insight into the manner in which the inevitable geopolitical and financial “reset” might unfold:
Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns – or dollars. Take your choice – there is no other – and your time is running out. – Francisco “Money Speech”
Gold & Silver shouting: "System failure dead ahead".
"A Scramble For Gold Has Begun"
Submitted by Tyler Durden on 04/22/2016 20:04 -0400
http://www.zerohedge.com/news/2016-04-22/scramble-gold-has-begun
http://www.telegraph.co.uk/business/2016/04/17/gold-is-the-spectre-haunting-our-monetary-system1/
And 2016 is the best thing ever for Goldbugs...
The Inflation Genie is Out of the Bottle
Submitted by Phoenix Capital Research on 03/08/2016 14:52 -0500
http://www.zerohedge.com/news/2016-03-08/inflation-genie-out-bottle
Safety In Times Of Crisis: This Is The Function Gold Serves, Don't Forget It
Friday February 12, 2016 14:29
http://www.kitco.com/commentaries/2016-02-12/Safety-In-Times-Of-Crisis-This-Is-The-Function-Gold-Serves-Don-t-Forget-It.html
Did you buy gold at the end of 2015? If you did, you are feeling pretty good now aren't you. Gold surged over 19% since the year started, while the S&P 500 plunged about 9% year-to-date. The latest upswing in the gold market underscores what long-term gold investors have known all along: gold remains the safe-haven investment that the world turns to in times of crisis, panic, economic fears and market crashes.
Long-term gold investors are a patient bunch. They know that market cycles repeat: fear, greed, panics, and crashes. Markets are driven by human emotion, which become self-perpetuating cycles that occur over and over again. Through it all, gold is always there for the savvy investors. A safe haven, a store of wealth, a hard asset whose price isn't manipulated by governments or central banks.
Friday's losses? Don't give it a second thought. Chalk that up to short-term momentum traders are taking some profits off the table. Remember there are many participants in a market and everyone has different time horizons, including long-term investors and short-term traders. The short-term trading crowd just booked some profits. Can you blame them?
Where do we go from here? Looking into 2016, the economic horizon becomes murkier with every passing day. Risks of a global recession are rising. Societe Generale now estimates that risks of a synchronized global recession has jumped to 20%, up from 10% back in December.
Forecasts are changing, fears are spiking and for now this creates a fertile environment for gold to continue to rally.
Let's take a look at what's changed in a very short period of time:
1) U.S. growth forecasts continue to move lower. Wells Fargo projects even slower growth in the U.S. this year, down from an already sluggish and below-historical trend levels of 2.4% in 2015. "Our full year 2016 U.S. GDP call is now 1.8 percent, down from 1.9 percent in the previous forecast and down from 2.4 percent we believed would have unfolded when we presented our annual outlook back in December," says Sam Bullard Managing Director and Senior Economist at Wells Fargo Securities.
2) Expectations for Fed rates have been slashed. BNP Paribas revised their call for Fed rate hikes this year to zero. "The Fed has gotten locked out at a lower fed funds rate than we had expected. Slowing growth in H2 2016, the result of the fallout from market volatility and slower real income growth will likely keep the Fed locked out, even if markets calm down relatively soon. Therefore, we have no rate hikes in our central forecast for 2016 or 2017," according to BNP analysts.
3) Negative interest rates have unintended and negative consequences. The negative interest rate environment continues to dominate global central bank policy and is even being discussed at the U.S. Federal Reserve, which is a sign of severe economic malaise. Central bankers don't have a lot of options—and even if negative interest rates aren't helping, they simply don't have a lot of ammunition left in their holster.
Sweden announced a fresh interest rate cut this past week, tugging its rates even deeper into negative territory. Almost a quarter of the world's GDP stems from economies which have negative interest rates, including Sweden, Japan, the Eurozone, Denmark and Switzerland.
Negative interest rates fuels fear, in addition to actually adding more financial pressure on already struggling banks. "Perhaps the biggest worry though is that cuts to policy rates have added to the sense that the world economy is slowing sharply and that policymakers are running out of options," wrote economists at Capital Economics in a Global Economics Update research note.
In a tangible way, negative interest rates increases costs to banks, which further impedes their profit levels and could weigh on their willingness to issue fresh loans.
Bottom line: Gold is an attractive alternative to cash.
Negative interest rates hurt savers, while gold investors can benefit from price appreciation, or capital preservation as fiat money loses value.
Cash is a position. But, gold may be a better one.
By Kira Brecht, Kitco.com
CME Group Hiking Margins On Comex Gold Futures As Of Friday Close
Friday February 12, 2016 08:07
http://www.kitco.com/news/2016-02-12/CME-Group-Hiking-Margins-On-Comex-Gold-Futures-As-Of-Friday-Close.html
(Kitco News) - CME Group is raising margins on gold futures as of the end of business on Friday, the exchange operator reported.
The “initial” margin for speculators on the Comex division of the New York Mercantile Exchange will rise to $4,675 from $4,125. The “maintenance” margin for existing accounts, as well as all hedge accounts, will increase to $4,250 from $3,750. The margin will also change for smaller-sized contracts.
Margins act as collateral for holders of positions in futures market, with traders putting up only a small percentage of the total value of a contract. In a notice late Thursday, CME Group said the increases were “per the normal review of market volatility to ensure adequate collateral coverage.”
A link to the full notice for the gold margins, as well as margin changes in a number of other markets, can be seen right here.
By Allen Sykora of Kitco News; asykora@kitco.com
Is This The Biggest Crisis In History?
Submitted by Tyler Durden on 02/11/2016 22:40 -0500
http://www.zerohedge.com/news/2016-02-11/biggest-crisis-history
The previous "biggest crisis in history" was in 1893 when a serious economic depresion hit America. We just topped that in terms of the gold/oil "crisis" ratio, making us wonder: what crisis is just around the corner, and just how big will it be?
Yeah, baby!!!
Gold Surges To 4-Month Highs
Submitted by Tyler Durden on 02/08/2016 08:14 -0500
http://www.zerohedge.com/news/2016-02-08/gold-surges-4-month-highs
Now's the time... The Golden Age
Submitted by Tyler Durden on 02/04/2016 19:48 -0500
http://www.zerohedge.com/news/2016-02-04/golden-age
Some people say that gold is dead. They point to deflationary pressures and a bear market that started back in September of 2011. The bulls have been wrong for years; however, that may be about to change…
At present, there a multiple reasons to consider gold:
- Sentiment is very negative and almost everyone is underweight
- Supply & demand fundamentals are positive
- Chinese demand continues to rise
- Gold is a means to portfolio diversification
- The main risks to prices are overblown
$GOLD/$SILVER turn up as the world turns.
The Best Performing 'Currency' Of The 21st Century Is...
Submitted by Tyler Durden on 01/26/2016 20:10 -0500
http://www.zerohedge.com/news/2016-01-26/best-performing-currency-21st-century
Since the beginning of the 21st Century, as people awoke to Y2K that did not end the world, there has been one 'currency' that has outperformed all its peers in terms of preserving wealth and maintaining purchasing power...
The barbarous relic...
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