CALVF employ more than 800 happy mine workers - who got 10% + 10% for their community by ownership in Blanket Gold Mines - the miners do very good and hard work for they work for them self -
Caledonia Mining's Learmonth outlines plans for growing cash pile - By Charlotte Kan June 05 2014, 9:21am
Here are the 30 reasons, 23 new and 7 set in cement, of why the Bear phase in the bull market for gold ends this summer without any new lows.
1. The New definition of warfare is economic. Sanctions against Russia and the implications for the Petrodollar
2. FACTA and the universal long arm of the US government via any transaction internationally that passes even momentarily through the dollar as a contract settlement mechanism. The negative implications for the dollar’s future as a contract settlement mechanism internationally.
3. EU split over sanctions due to Russian energy demand and Russian business interests.
4. Middle East Western Hegemony and Arab Spring is defunct.
5. Iran to assist in Iraq if asked, which is the failure of "Misssion Accomplished."
6. Iraq oil production challenged by ISEL.
7. Kurds emboldened by ISEL.
8. US relationship with Saudi Arabia and Qatar is strained.
9. BRICs uniting economically and politically as a standalone force.
10. China expands Yuan/Renminbi as an international currency.
11. China’s China Sea energy tensions with Japan and Vietnam.
12. USA’s position on the China Sea crisis where Japan is concerned.
13. The militarization of Japan.
14. The distinct scent of inflation.
15. General dissatisfaction with answers to questions to Chair Yellen regarding FOMC meeting last week
16. IMF reduced expectations of US economic recovery.
17. US Zombie Banks as defined by banks leveraged generally 30 to 35 times the size of their capital of total OTC derivative exposure.
18. Condition of the flooded municipal bond market.
19. Decline in volume with rise in value of equities, making equity price shadows our reality.
20. Totally irrational exuberance driven by hyper liquidity.
21. Hyper liquidity can become hyper inflation via the velocity of money in a crisis of confidence of the dollar. Therefore hyperinflation will be a currency motivated event.
22. Reaction in the momentum equity leaders of the last 2 years burning a public.
23. Strength of the utilities group which has historical attachment to tops in equity markets.
Old problems:
24. The one quadrillion, one hundred and forty four trillion dollars real size of the OTC derivatives market.
25. Economic underpinning of the dollar in jeopardy as recovery sputters globally
26. Absurd size of the Fed balance sheet and lack of marketability of significant size legacy derivative positions.
27. Taper of QE and little Belgium to the QE rescue.
28. China and Russia on the sell side of the US treasuries.
29. MY RA exposes consideration of invasion of retirement accounts, and GOTS (Get out of the system) as a defense strategy.
30. The huge drop out of the labor pool in the US, making empl
Bo Polny lends insight on his forecast of $2000+ Gold in 2014. Interview was conducted at the annual Metals & Minerals Investment Conference in New York City at the Now York Marriott Marquis -
Bo Polny lends insight on his forecast of $2000+ Gold in 2014. Interview was conducted at the annual Metals & Minerals Investment Conference in New York City at the Now York Marriott Marquis -
Dr. Paul Craig Roberts-A Real Collapse in the Dollar, Gold Could Be $30,000 an Ounce -
Mass Economic Collapse explained by Paul Craig Roberts, Ph.D. videos..
When it comes to war in Syria, economist Dr. Paul Craig Roberts says, This time the big lie didn't work like it did in Iraq. On fallout of a possible Syria. .
Singapore to launch gold contract as Asia eyes price alternatives - Tue Jun 24, 2014 7:40am EDT By A. Ananthalakshmi SINGAPORE, June 24 (Reuters) -
Singapore is set to announce the launch of a gold futures contract on Wednesday, two sources familiar with the matter said, joining a race in Asia to provide a viable alternative to the metal's global benchmark which is under regulatory scrutiny.
The physically settled contract will trade on the Singapore Exchange. This and other planned contracts in Hong Kong and China could cut Asian reliance on gold's spot price benchmark in London and futures bellwether in New York.
"Having a local price for local markets ensures that markets are more efficient and that the price accurately reflects where the metal is locally trading," said Ruth Crowell, chief executive of industry group London Bullion Market Association.
"As more markets develop, local prices for precious metals will become more tailored."
The Singapore Exchange did not respond to phone calls or an email seeking comment.
The price benchmark for gold is the so-called London 'fix', determined by a group of four banks over a teleconference. The process has drawn attention recently, after regulators in Europe and the United States started to probe benchmarks in several markets following the Libor manipulation case in 2012.
China and India account for more than half of global gold consumption but Asia still largely relies on the London fix for reference. The fix is set twice daily, at 1030 and 1500 London time - both much after Asian markets close.
Asia's fast-growing consumption of gold in recent years and ambitions by countries such as China and Singapore to be trading hubs have led them to explore providing benchmarks. The recent scrutiny of the London fix and accusations of manipulation have accelerated the process in Asia.
China, the world's biggest producer and consumer of gold, is set to launch three physical gold contracts in an upcoming international exchange in Shanghai's pilot free trade zone. It is also looking to launch gold derivatives later.
CME Group Inc, the world's No.1 futures exchange, plans to launch a physically deliverable gold futures contract in Asia, most likely in Hong Kong, sources familiar with the matter told Reuters in April.
UPHILL TASK
While the Asian contracts may help set local benchmarks, their influence in global markets may be quite limited unless they can garner enough liquidity to match or overtake trading volumes in London and New York.
CME's COMEX gold contract is the most-traded bullion futures contract with 2013 volumes nearly four times higher than the second-biggest gold contract, on the Shanghai Futures Exchange, according to Thomson Reuters GFMS.
Liquidity in Asia has been a problem, with the Hong Kong Mercantile Exchange - which used to trade gold and silver futures - shutting down last year, partly because of low volumes. Regulators later found suspected irregularities in the firm's operations.
In 2010, the Singapore Exchange launched a gold contract but later pulled it on weak investor appetite.
"If you need a price discovery function, then COMEX serves us pretty well," said Yuichi Ikemizu, branch manager for Standard Bank in Tokyo. "The fact is the liquidity is there and not in the local exchanges."
China has the best chance among Asian nations of having an impact on global gold pricing as it already has well-established physical and futures markets though it still needs to open up the markets to foreign players, say traders.
"As the Chinese market becomes bigger and it opens up to foreign players some more, it might end up completing the troika with London and New York," said one trader in Hong Kong. (Editing by Muralikumar Anantharaman)
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