Got Gold Blog

Thursday, September 18, 2014

Gold and Silver End Game Here-John Embry

By Greg Hunter’ Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says,“I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip. I just saw Indian imports (for gold) were up 176% in the latest month. . . . Basically, all this gold and silver is headed from west to east, and I think this is a very, very disturbing development for people who live in the west. The timing of it remains imprecise. I

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Wednesday, September 17, 2014

How Financial Bubbles Fester And Burst—Even As The Fed Says Not To Worry

In today’s post Wolf Richter offers some solid insightson the dynamics of financial bubbles which merit further comment. The starting point is to recognize that once they gain a head of steam, financial bubbles tend toenvelopevirtually every nook and cranny of the economy, creating terrible distortions and destructive excesses as they rumble forward. In this instance, Wolf Richterexplains how Silicon Valley has once again (like 1999-2000) been transformedinto a rollicking capital “burn rate”machine that has spawned a whole economy based on striving for biggerlosses, notbetter profits. This latter development—- currently exemplified by 44VCstart-upcompanies in the IPO pipeline with a valuation of more than

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Monday, September 15, 2014

Koos Jansen: China again buys the dip in gold and silver gets scarcer

Declining gold prices again have pushed demand up on the Shanghai Gold Exchange as China buys the dips, while silver inventories on the Shanghai Futures Exchange continue to fall, gold researcher and GATA consultant Koos Jansen reports today. His analysis is posted at Bullion Star here: Chinese Gold Demand 39t In Week 36, YTD 1290t RobustChinese gold demand is keeping up its pace. Chinese wholesale demand, measured bywithdrawals from the Shanghai Gold Exchange vaults, was 39 tonnes in week 36 (September 1 - 5). Year to to date 1290 tonnes has been withdrawn from the SGE vaults. Blueis weekly withdrawals in Kg,Greenis withdrawals

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Saturday, September 13, 2014

Pento - Why This Equity Rally is About to End Badly

Michael Pento, Pento Portfolio Strategies writes: The deafening cacophony on Wall Street for the past six years has been since interest rates are at zero percentthat there is no place else to put your money except stocks. For most, it just doesn’t matter that the ratio of Total Market Cap to GDP is 125 percent, which is 15 percent points higher than in 2007 and the highest at any time outside of the tech bubble at the turn of the century. Sovereign bond yields are at record lows across the globe and the strategy for most investors is to ignore anemic economic growth

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Friday, September 12, 2014

Hamilton - Heavy PM Shorting Bullish

Adam Hamilton writes for Zeal, LLC. He begins: Gold and silver have been pounded lower over the past month, contrary to their bullish seasonals. This selling pressure has come from the usual suspects, American futures speculators. They’ve been busy aggressively dumping gold and silver futures, particularly on the short side. But each time they pressed this bet in the past 15 months, gold soon surged higher. Shorts are bullish since they must soon be covered. Gold suffered its worst quarter in 93 years in 2013’s second quarter, a nauseating 22.8% loss. This was triggered by the Fed’s stock-market levitation, which sucked vast amounts

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Gold and Silver Disaggregated COT Report (DCOT) for September 12

HOUSTON – The Commodity Futures Trading Commission (CFTC) released data for the disaggregated commitments of traders (DCOT) and Legacy “COT” reports for the week ending September 12, 2014. Our recap of the net positioning for large reporting futures traders is below, compared to the prior week’s data. Source: CFTC for COT data, Cash Market for gold and silver prices. The positioning and price data is as of the close of trade in New York on Tuesday, September 9, 2014. In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In

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Over to you, ECB's Draghi tells euro zone governments...

(Reuters) - European Central Bank President Mario Draghi, fresh from announcing a new batch of stimulus measures a week ago, urged governments to match the ECBs effort with investment and structural reforms to help the flaggingeuro zonegrow. (GGR comment at end.) A day after incoming European Commission chief Jean-Claude Juncker unveiled his team, Draghi said it may also be useful to have a discussion about the overall fiscal stance of theeuro zonewith a view to raising public investment where possible. Mario Draghi, President of the European Central Bank (ECB), addresses the media during the ECBs monthly news conference in Frankfurt, September 4, 2014.

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Speculator ‘Insurance Shorts’ and Swap Dealer Shorts Likely to Spark a Counter Rally in Gold

HOUSTON – (Got Gold Report) -- Just a little “thinking out loud” on the Managed Money, what I call “insurance short” positions. Doing so shows a considerable amount of gun powder laying on a large wooden box of short covering dynamite, metaphorically speaking. Thats because while The Funds piled on new shorts Swap Dealing banks hung onto most of their record high shorts. An imbalance is an understatement. See if you agree… Recall that as of August 12, with gold then $1309, Managed Money, aka, The Funds, held a smallish 21,930 short contracts for gold futures on the COMEX bourse. Recall that The

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Thursday, September 11, 2014

GLOBAL MARKETS-Dollar's rise pressures commodities amid Fed anxiety

Wayne Cole reports for Reuters Down Under... * Risk of hawkish Fed lifts dollar, Treasury yields * Commodities, carry-linked currencies among the losers * Asian shares mostly mark time, Tokyo aided by weaker yen SYDNEY, Sept 12 (Reuters) - The U.S. dollar was riding high in Asia on Friday as incessant speculation about the outlook for U.S. interest rates undermined commodity prices and unwound leveraged trades in higher-yielding currencies. Talk the Federal Reserve might take a hawkish turn at its policy meeting next week has seen U.S. Treasury yields steadily creep higher and injected new life into the dollar. (Image added by GGR.

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Gold Videocast: Peter Schiff Answers Your FAQs (Video)

Peter answers some of the more challenging questions he has received from you, his loyal clients and subscribers. Learn what he really thinks about gold manipulation, why Wall Street hates gold, who should buy silver instead of gold, and more! September 11, 2014 (Source: Peter Shiffs Official Gold Blog)

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Wednesday, September 10, 2014

Japan PM, BOJ Chief to Meet as Tax Hike Pain Persists

(Reuters) - Japans prime minister will meet the head of the central bank on Thursday to exchange views on the economy, sources with knowledge of the meeting said, amid lingering worries over a prolonged drop in consumption after an April sales tax hike. (Image added:Shinzo Abe) The first such meeting since April comes ahead of Prime Minister Shinzo Abes crucial decision on whether to proceed with a second sales tax hike planned for October next year, and as speculation mounts of whether the Bank of Japan will have to ramp up its stimulus program. The focus will be on whether Abe will urge

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Ron Paul - Nixon’s Vindication

This opinion piece was syndicated by Dr. Paul at Paul writes: Forty years ago many Americans celebrated the demise of the imperial presidency with the resignation of Richard Nixon. Today it is clear they celebrated too soon. Nixon’s view of presidential powers, summed up in his infamous statement that, “when the president does it that means it is not illegal,” is embraced by the majority of the political class. In fact, the last two presidents have abused their power in ways that would have made Nixon blush. For example, Nixon’s abuse of the Internal Revenue Service to persecute his political opponents was

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The World Order Becomes Disorder

Thanks to Casey Research for bringing this excellent read to our attention: Don Coxe, Chairman, Coxe Advisors LLC, writes: Is the post-Cold War global boom over? Since the fall of Bolshevism, the world has seen remarkably sustained growth in international cooperation, brought about by freer trade and new technologies. Financial assets have generally performed well, increasing prosperity across most of the world. There were just two major interruptions—the tech crash in 2000, and the financial crash in 2008. The world warmed up fast after the Cold War. Prices of most commodities rose, despite major corrections: Oil climbed from $15 per barrel to as

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Hugo Chavez’s Absence Felt on Wall Street Bond Desks

Venezuelan bond investors are learning the hard way that Nicolas Maduro is no Hugo Chavez. (Image Hugo Chavez left, Nicolas Maduro right.) Since replacing his late mentor in April 2013, Maduro has overseen the worst bond returns in emerging markets, with the country’s dollar debt posting a loss of 8.7 percent. That’s a complete reversal of the Chavez presidency, when the nation’s debt gained 16 percent annually over 14 years, generating a total return of 692 percent that dwarfed the 387 percent earned on developing-nation debt, data compiled by JPMorgan Chase Co. show.

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Tuesday, September 09, 2014

S&P 500 Chart Suggestion

Will Alibaba turn out to be a bubble ending signal IPO, sucking the remaining oxygen out of the Feds highly juiced U.S. stock market just as the 66 monthslongmonetary punchbowl is beingremoved? SP 500 chart below - a suggestion, for what it is worth.

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The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter

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