Tuesday, 29 January 2013

Gold Manipulation - GATA, Ted Truman And Gold … Another Stunning Revelation

Government officials past and present outright admit that gold and silver are being manipulated by the G-10 countries.

See article for more details.

Thursday, 24 January 2013

A Night of Reflection, Ranting and Writing - Bye Bye Bond Market

I read an article today that inspired me to write a little opinion piece in regards to the bond markets and how they interact with interest rates. Perhaps this will enlighten some of those who don't fully understand the concept of bond purchases to keep interest rates lower. What of the correlation between bond yields and interest rates? Read on to find out...

DISCLAIMER: These are my opinions and should not be interpreted as investment advice. Do your own research if you're intrigued by what you read, and make your own informed decision.

Friday, 18 January 2013

KWN - Rosen - Expect Stunning $233 For Silver As It Begins To Soar

The peak of $21.44 after the first triangle was 3.93 times the triangle low of $5.455.

The peak of $49.82 after the second triangle was 5.93 times the triangle low of $8.40. 

The third triangle had its breakout to the upside and appears to have completed its testing of that breakout level.  If we use the Fibonacci progression that has followed each triangle, the next peak should be 8.93 times the third triangle low of $26.105.  This would produce the next silver high of roughly $233....

Thursday, 17 January 2013

Man Down

This is something I wrote to my mother in regards to an event that occurred recently at a Ford plant. one of her friends mentioned to her that she knew of people working in this plant,and they had delayed to her information that a worker had collapsed on the assembly line.

Naturally, this man's coworkers rushed to his aid - who wouldn't, after all?

This was a problem for the management, apparently. The workers were instructed to go nowhere near the man. Now, when situations like this arise, it is important to act quickly. Had one of the workers been trained in CPR and first aid, they may have been able to help; however, they never would have gotten the chance. The management demanded that the workers leave their fallen friend and continue work.

This delayed the process until such a time that management could call an ambulance. Unfortunately, by then it was too late. The man died - whether in-transit to the hospital or at the hospital itself, I don't know. And, really, it doesn't matter where it happened; the important thing is simply that it happened.

Monday, 14 January 2013

Here's Hoping Jamie Loses His Jobbie

JPMorgan Chase & Co. (JPM)’s board will consider releasing an internal report this week that faults Chief Executive Officer Jamie Dimon’s oversight of a division that lost more than $6.2 billion on botched trades, said two people with direct knowledge of the matter.

The final report, which builds on a preliminary analysis released in July, is critical of senior managers including Dimon, 56, former Chief Financial Officer Doug Braunstein, 51, and ex-Chief Investment Officer Ina Drew, 56, for inadequately supervising traders in a U.K. unit that amassed an illiquid position in credit derivatives last year, the people said.

Read full article...

Thursday, 10 January 2013

U.S. May Default On Debt As Soon As February 15 - GoldCore Blog

Today’s AM fix was USD 1,663.00, EUR 1,269.37 and GBP 1,036.65 per ounce.

Yesterday’s AM fix was USD 1,663.50, EUR 1,272.37 and GBP 1,035.35 per ounce.

Silver is trading at $30.53/oz, €23.40/oz and £19.10/oz. Platinum is trading at $1,613.50/oz, palladium at $693.00/oz and rhodium at $1,150/oz.

Cross Currency Table – (Bloomberg)

Gold edged off $0.80 or 0.05% in New York yesterday and closed at $1,657.40/oz. Silver climbed to $30.57 in Asia then slipped back to $30.05 by late morning in New York, but it also rallied back higher in afternoon trade and finished with a loss of just 0.07%.

Gold, 1 Month Chart – (Bloomberg)

President Barack Obama will nominate White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner.  Lew’s nomination as Treasury secretary is subject to Senate confirmation.

Gold inched higher on Thursday, as market watchers await a rate decision by the European Central Bank at 12.45 GMT. European Bank Chief, Mario Draghi’s news conference is at 1330 GMT.

The Bank of England continued ultra loose monetary policies today by keeping interest rates at 0.5% as concerns about persistently high inflation trump signs of a renewed economic downturn.

Read the rest...

Wednesday, 9 January 2013

Silver To Gain 29% in 2013 - And My Guess Is More...

Silver To Gain 29% in 2013 - Analysts, Traders and Investors

Today’s AM fix was USD 1,667.00, EUR 1,259.25 and GBP 1,024.96 per ounce.
Yesterday’s AM fix was USD 1,674.50, EUR 1,261.49 and GBP 1,027.87 per ounce.
Cross Currency Table
Precious metals remained under pressure yesterday and closed with losses for both gold and silver. Gold closed down 0.2% or $3.50 to $1669.30/oz. Silver closed with a loss of 1.7% - down 54 cents to $31.10/oz.
GOLD SPOT $/OZ and 100, 200 and 465 Day SMAs– September 2011 To Today
Prices again crept gradually higher in Asian trading prior to some retrenchment in early European trading but dollar weakness was supporting gold and silver.
Further weakness could be seen and it is worth noting that gold and silver saw considerable weakness last December (see chart above) and both bottomed near year end on December 29th prior to strong gains in January 2012.
Support for silver is at $30.67/oz and $30/oz. Gold’s support is at $1,647/oz and below that at $1,600/oz.
Silver will rise as much as 29% to $40.25/oz, from $31.10/oz today, in 2013.
This is based on the median estimate of 49 analysts, traders and investors compiled by Bloomberg.
Read the rest from GoldCore Blog