James Turk: Central Banks Are Losing War To Suppress Gold And Silver Prices [View article]
nobody like the perspective of end of the world ;) too much risk !
actually the CB has succeeded in making last 50 years look like a constant market success. All businesses grew, banks grew fastest. We all have grown fatter. Perfect world?
No - there are still countries where people do work hard to get basics. And these countries would like to get a share at the pie we enjoy just for ourselves.
CB policy has lulled the markets so they need to wake up. And this is coming. One can cheat the Nature for so long only.
James Turk: Central Banks Are Losing War To Suppress Gold And Silver Prices [View article]
@Abegaz: so let me explain it to you
- no inflation - so far you see no inflation in US because the hot money has not been directed to general people but to key banks as extra reserves which has been (through rehypotecation) changed into money used to prop the stock exchange. In Japan they have just started printing and inflation will come when the internal capacity of the system get filled, in EU most money went to upkeep the falling banks. - gold not performing - the most important reason for gold not performing is the fact that actually there are two markets for gold - physical and paper. Paper market is currently MUCH bigger than physical but for the moment both markets are still connected. Well the connection is specific: physical gold goes to those who should get it (chosen ones, also to oil producers) and paper gold goes to accounts of the 'bread and circus' sheeple. The paper price is manipulated to stay low to make dollar look strong and prevent a run on anything with real value when people will realize that the actual paper money (fiat) is worth less and less.
so to summarize: there are a lot of mainstream economy specialists who has not identified housing bubble in 2008 as coming problem even if there were clear voices explaining the imminent collapse. We have similar situation now and either (1) you cannot see coming problems because you do not want to see them or (2) your understanding of the real market is not good enough to get it.
2012 In Review: How Good Was S&P 500 Performance? Who Got It Right? [View article]
James, look forward to the next article. This one has teased my appetite for down to earth realism in your opinions. Just include January to your analysis as the first few weeks in realty has been like a natural extension of 2012. Egan Jones got silenced - SA got MSM bias - we need some cool head analysis
Repoed! How The Fed And Depositors Fund Banks' Big Bets [View article]
thanks for this good article - it just may be one of the first signs that SeekingAlpha is not jet fully converted to MassStreamMedia choir.
on banks funding equity market - check data about the equity funds funding from http://bit.ly/UU0E2I and get to some more data from Tyler in his comment deeper into discussion.
Basel III A Game Changer For Both Gold And Faux AAA-AA Sovereign Debt [View article]
you seem to be very well informed on the future of Chinese currency status. Meantime China has signed several trade agreements with some of its major trade partners where they will either use yuan or own currencies instead of usd. And CB of China is collecting gold reserves just to fill the empty storage place. And this is plain stupid of them while they could better invest in US Treasuries which are much better in storing the value over time. Have i missed anything?
Basel III A Game Changer For Both Gold And Faux AAA-AA Sovereign Debt [View article]
Ron, you are right when describing banks as looking for stable assets valuation but how do banks handle foreign currency reserves? are the exchange rates stable? are the changes more predictable then possible gold price fluctuations?
the way i see current dynamics is that private investors will soon face the possibility to diversify into gold while the price is still kept (artificially) low. And this opportunity will end when Eastern Bankers will start getting their physical gold deliveries from Comex or London delayed. You cannot fool yourself - they are buying physical in significant quantities and no verbal assurances will stop them. After all they believe in gold as a safe way of storing value for the last several centuries.
it is such a silly tradition - can you believe that ?! /sarc off
1 Oz Gold Valued By U.S. Currency In Circulation And Outstanding Debt [View article]
Michael what if your estimation of FED gold reserves is too SMALL? how about the all gold deposited with FED before and after WWII? The amount are not clearly known but just ONE substantiated claim is at 1667tons and there are much more others.
These are not small quantities that do exists and can be used (are used) as assets or collateral for different activities
so lets suppose QE3 will be announced - a few questions immediately appear: - how big should it be to get the economy feel it (not the stock exchcnge but the economy)? And i mean here world economy as moving just the US economy without waking up EU economy would be just a waist of good money as only if US+EU would restart than China would follow - how long should the impuls last - 6..12 months looks like it would be a minimum time
and what would be the consequences of such free hand money? inflation + currency wars would be coming our way unless some unusual solutions are found.
United Kingdom: The Next Epicenter Of Crisis [View article]
do you imagine: - arresting and trying UK bankers from London City? - reevaluating assets used as collateral in derivatives issued by UK banks? - devaluating UK pound by 35%
i may have to use some kind of imagination enhancer ;) to start even looking into this direction.
might be tough to find a government and judges powerfull enough to do this.
German manufacturing PMI dropped to 43.0 in July from 45.0 in June, reaching its lowest level since June 2009. "Manufacturers linked the latest setback to shrinking export sales and a general shortage of new work to replace completed projects... job shedding was the most marked since the start of 2010." (PR .pdf) [View news story]
Stars Are Aligning Against Gold; Hope Versus Fear [View article]
do you really believe in what you write here?
James Turk: Central Banks Are Losing War To Suppress Gold And Silver Prices [View article]
James Turk: Central Banks Are Losing War To Suppress Gold And Silver Prices [View article]
actually the CB has succeeded in making last 50 years look like a constant market success. All businesses grew, banks grew fastest. We all have grown fatter. Perfect world?
No - there are still countries where people do work hard to get basics. And these countries would like to get a share at the pie we enjoy just for ourselves.
CB policy has lulled the markets so they need to wake up. And this is coming. One can cheat the Nature for so long only.
James Turk: Central Banks Are Losing War To Suppress Gold And Silver Prices [View article]
- no inflation - so far you see no inflation in US because the hot money has not been directed to general people but to key banks as extra reserves which has been (through rehypotecation) changed into money used to prop the stock exchange. In Japan they have just started printing and inflation will come when the internal capacity of the system get filled, in EU most money went to upkeep the falling banks.
- gold not performing - the most important reason for gold not performing is the fact that actually there are two markets for gold - physical and paper. Paper market is currently MUCH bigger than physical but for the moment both markets are still connected. Well the connection is specific: physical gold goes to those who should get it (chosen ones, also to oil producers) and paper gold goes to accounts of the 'bread and circus' sheeple. The paper price is manipulated to stay low to make dollar look strong and prevent a run on anything with real value when people will realize that the actual paper money (fiat) is worth less and less.
so to summarize: there are a lot of mainstream economy specialists who has not identified housing bubble in 2008 as coming problem even if there were clear voices explaining the imminent collapse. We have similar situation now and either (1) you cannot see coming problems because you do not want to see them or (2) your understanding of the real market is not good enough to get it.
Your choice.
2012 In Review: How Good Was S&P 500 Performance? Who Got It Right? [View article]
Egan Jones got silenced - SA got MSM bias - we need some cool head analysis
2012 In Review: How Good Was S&P 500 Performance? Who Got It Right? [View article]
And hold tight!
Repoed! How The Fed And Depositors Fund Banks' Big Bets [View article]
on banks funding equity market - check data about the equity funds funding from http://bit.ly/UU0E2I
and get to some more data from Tyler in his comment deeper into discussion.
Basel III A Game Changer For Both Gold And Faux AAA-AA Sovereign Debt [View article]
Meantime China has signed several trade agreements with some of its major trade partners where they will either use yuan or own currencies instead of usd.
And CB of China is collecting gold reserves just to fill the empty storage place. And this is plain stupid of them while they could better invest in US Treasuries which are much better in storing the value over time. Have i missed anything?
Basel III A Game Changer For Both Gold And Faux AAA-AA Sovereign Debt [View article]
the way i see current dynamics is that private investors will soon face the possibility to diversify into gold while the price is still kept (artificially) low. And this opportunity will end when Eastern Bankers will start getting their physical gold deliveries from Comex or London delayed. You cannot fool yourself - they are buying physical in significant quantities and no verbal assurances will stop them. After all they believe in gold as a safe way of storing value for the last several centuries.
it is such a silly tradition - can you believe that ?!
/sarc off
all the best for 2013!
What's Going On With Gold And Silver? [View article]
1 Oz Gold Valued By U.S. Currency In Circulation And Outstanding Debt [View article]
what if your estimation of FED gold reserves is too SMALL?
how about the all gold deposited with FED before and after WWII? The amount are not clearly known but just ONE substantiated claim is at 1667tons and there are much more others.
These are not small quantities that do exists and can be used (are used) as assets or collateral for different activities
Jackson 'Whole'? [View article]
so lets suppose QE3 will be announced - a few questions immediately appear:
- how big should it be to get the economy feel it (not the stock exchcnge but the economy)? And i mean here world economy as moving just the US economy without waking up EU economy would be just a waist of good money as only if US+EU would restart than China would follow
- how long should the impuls last - 6..12 months looks like it would be a minimum time
and what would be the consequences of such free hand money? inflation + currency wars would be coming our way unless some unusual solutions are found.
United Kingdom: The Next Epicenter Of Crisis [View article]
- arresting and trying UK bankers from London City?
- reevaluating assets used as collateral in derivatives issued by UK banks?
- devaluating UK pound by 35%
i may have to use some kind of imagination enhancer ;) to start even looking into this direction.
might be tough to find a government and judges powerfull enough to do this.
German manufacturing PMI dropped to 43.0 in July from 45.0 in June, reaching its lowest level since June 2009. "Manufacturers linked the latest setback to shrinking export sales and a general shortage of new work to replace completed projects... job shedding was the most marked since the start of 2010." (PR .pdf) [View news story]
7 Criteria For Distinguishing Real EU Crisis Solutions From Fakes [View article]
very interesting proposal - it is the first time i see really clear set of KPIs with some fuzzy logic evaluation criteria. It may just work ;)
do we have to assume stabile global surrounding economies? Target output might change if global cooperation attitude would fade away