The Sell-Off In Gold Has Become Plain Silly [View article]
The problem with your comment is that you are completely ignoring the law of supply and demand. There are global shortages and delivery delays for both silver and gold, and several banks in Switzerland have already defaulted on delivery from ALLOCATED accounts. In this same country, there are numerous ongoing lawsuits against banks for refusing to deliver actual ALLOCATED gold and trying to settle in cash. And, of course, the 7 year lead time for the repatriation of German gold from the NYFED should raise some eyebrows of even the most mentally challenged.
Gold Prices Will Not Go Up Soon: This Is Why [View article]
Regardless of whatever tightly controlled puppet occupies the WH, we will always have "unpaid for, unwinnable wars", because the members of the banking cartel and its allies in the Military Industrial Complex have always profited from chaos (together with political corruption and economic fraud), acquiring assets for pennies on the dollar after the fact. This has been true now for 300 years; just follow the history of the Rothschilds, Warburgs et al during this time period and maybe, just maybe, you will understand how you have swallowed whole all of their propaganda and purposeful disinformation.
The NYT's Catherine Rampell investigates whether the recovery really is the worst since the Great Depression and finds that on almost every measure she looked at, "there was at least one previous (completed) recovery that performed worse." However, improvements across different metrics are way below the average. [View news story]
Just another NYT columnist trying to give cover for Obama? Sure looks that way. My assumption is that corporate profits in the coming quarters may be a victim of execs running out of ways to "cook the books" or otherwise manipulate the numbers. Retail, autos, machinery, etc diving, especially in Europe. Housing bumping along a bottom and not falling further only because foreclosures are being dribbled out. Rail is being propped up solely by energy related shipments, while shipping in general is falling off a cliff. Looked at the Baltic Dry Index lately?
My suggestion to Ms Rampell: stop breathing the air around Krugman's office.
Based upon a majority of the above comments. it appears that another disinformation/propaganda piece has failed. The author's key modelling argument is the "tell", totally ignoring the quite obvious market manipulation to suppress the price.
In this quite apparent time of total market manipulation, corruption, and fraud, what with LIBOR, MFG, PFG, et all, physical gold (in your possession) has proven to be the only asset without counterparty risk.
3 Dominant Factors That Will Impact Precious Metals [View article]
In spite of the wealth of disinformation ("Bubble", "overbought", etc) articles, and the criminal manipulation by the bullion banks & FED, the author quite correctly examines the fundamentals that will support silver and gold for the mid to long term, and at much higher price levels.
Two key points cannot be overemphasized: 1) the relative scarcity of both metals (especially silver) and the minute extent to which the actual physical metals are held in portfolios, and 2) the fact of continuing accumulation by central banks and the uber rich (think especially the owners of the FED) that, going forward, will never be sold as the currency debasement end game unfolds.
The manipulative corrections in the paper market engineered by the FED smack either of desperation (as the great Keynesian Experiment ends), or a means to allow the elites lower entry points for physical.
Paper is just paper; physical will always represent real wealth.
Why the Silver Bubble Hasn't Even Started Yet [View article]
It's interesting that the OI in silver at the COMEX is multiples of the actual physical stored in the vaults. If "they" cannot continue to bribe the longs to roll over and not take delivery, then all hell could break loose within a few months.
On a side note, the manipulators seem to have a permanent "get out of jail free" card issued by the CFTC, a group that enables the great PM Ponzi scheme of all time. Too many closed door hearings (since the gaffe in March 2010), rejection of whistleblower testimony, no results from 3 years of "investigation", continuing delays on the imposition of position limits. The corruption couldn't be more transparent.
The EU may require Greece to provide collateral such as assets or revenue from asset sales in order to receive extra aid and avoid a debt restructuring, a source says. A German official says other steps may include lower interest rates or longer maturities on bailout loans. (previous) [View news story]
The untenable positions of Greece and Ireland should be a warning to all nations that the global banking cartel will not be satisfied until it has achieved involuntary servitude for all.
The Disturbing Truth About Silver's Rally [View article]
Lots of disinformation in this article:
There is no surplus of silver. Exactly the reverse. Instead of GFMS, read ALL the facts presented in the objective SilverInstitute.com. The author disingenuously cherry picks its information. Why no comment on SI's prediction that industrial demand alone will eat up 65% of production by 2015?
The fact that silver is "the poor man's gold" is now the major investment metric. Check out the Indian situation re silver; going parabolic.
While it may be true that "speculators" are involved, the lack of physical supply at national mints and dealers indicates that "real" physical buyers are out there in quantity.
As for SLV, the "paper" investment, it's absolutely amazing to me that they can "find" millions of ounces overnight while the US Mint and Sprott's PSLV cannot.
The Gold Bubble That Just Won't Pop [View article]
People have short memories regarding bubbles. During the dotcom bubble, everyone I knew was touting tech stocks they owned and how much "profit" they made that day. During the housing bubble, there were numerous articles about average joes flipping pre-construction condos and making a million dollars.
With regards to gold, the author points out the most salient fact; extremely few westerners own gold in paper form (ETFs, miners), and fewer still own actual bullion. In all forms, including jewelry, Americans own less than 1.0%.
A bubble? we are a long way from that. I would be concerned only when the daily spot price rises $50-$100 on a regular basis. What we are seeing now is methodical incremental accumulation by the Asians who have a 5000 year history with this metal and know its value as a wealth storage mechanism.
Department of Justice Distorts Mortgage Fraud Priorities [View article]
Selective enforcement of any law, especially when benefiting only the rich and powerful, certainly indicate that we have lost our way as a free society. To be sure, Engle "gamed" the system and perhaps should have paid a fine or placed on probation, but Mozilo, along with his "friends" in high places, was key in endangering the entire economy with reckless disregard for the Rule of Law.
But Mozilo and the TBTFs with the endemic and prima facie fraud that is MERS get off with mere wrist slaps. We have fallen so far in just 20 years when the S&L fraud investigations actually sent thousands of criminals to prison. The fraud this time is many times greater in magnitude than that of the 80s, but the DOJ goes after only the small fry and the regulators (CFTC, SEC, FDIC) kneel before the biggest thieves.
We really have to wonder when, and how the next "grand theft economy" will occur because there are no longer any moral or legal restraints in the system.
The universe of truly qualified first time home buyers with appropriate down payments, stable work history, and FICO scores is actually declining, along with median household income. Many, if not a significant amount of current home owners, with negative equity, find themselves unable to trade either up or down; this only gets worse as prices continue to decline.
At this point in time, "renting" appears to be more cost effective than the total cost dynamics of home ownership. Until that changes, I'm at a loss to envision how a potential 20 million housing units (foreclosed, to be foreclosed, etc) are going to be absorbed.
I have not seen any studies that examine at what level rents would have to increase to spur housing sales, but I would imagine that they would have to increase to a level that equates favorably with home ownership costs (PITI plus regular maintenance). We are nowhere near that price level yet.
Housing's Three-Headed Foe Rears Its Ugly Head [View article]
User: you neglect to mention a 3rd, which is not insignificant. In those municipalities that are unable to get their fiscal act together, primarily by reining in public pension costs, home owners will be squeezed badly by rising property taxes. Already in my area (SoFla), property taxes have risen for many single family homes even as these homes have decreased in value by over 50%. They can raise various fees and fines just so much.
The key going forward for PMs will be the decision by the rest of the world as to which is the safer haven; the USD or gold/silver. At present, the bullion banks are doing their best to suppress PM prices to make the USD the obvious conclusion, and they may succeed in the short term. In the long term, however, they will not be able to overturn the metric of supply and demand, especially as it relates to the historical Asian view of PMs being critical assets in wealth preservation.
Jobs Report Proves We'd Better Get on Course [View article]
They'll justify whatever they want to keep the TBTFs afloat; that's the whole agenda; not the American economy or the American people. When true transparency arrives, the FED will face a "pitchfork" moment. Here's hoping.
Back to Our Regularly Scheduled Housing Crash [View article]
The current median home price of $194K needs to drop to a range of $125-150k to be affordable for the median wage earner now making approx. $50k/year. In some areas, FL, NV, and AZ, e.g., prices may have to drop further due to the massive inventory overhang.
The Sell-Off In Gold Has Become Plain Silly [View article]
Gold Prices Will Not Go Up Soon: This Is Why [View article]
The NYT's Catherine Rampell investigates whether the recovery really is the worst since the Great Depression and finds that on almost every measure she looked at, "there was at least one previous (completed) recovery that performed worse." However, improvements across different metrics are way below the average. [View news story]
My suggestion to Ms Rampell: stop breathing the air around Krugman's office.
End Of An Era For Gold Investors [View article]
In this quite apparent time of total market manipulation, corruption, and fraud, what with LIBOR, MFG, PFG, et all, physical gold (in your possession) has proven to be the only asset without counterparty risk.
3 Dominant Factors That Will Impact Precious Metals [View article]
Two key points cannot be overemphasized: 1) the relative scarcity of both metals (especially silver) and the minute extent to which the actual physical metals are held in portfolios, and 2) the fact of continuing accumulation by central banks and the uber rich (think especially the owners of the FED) that, going forward, will never be sold as the currency debasement end game unfolds.
The manipulative corrections in the paper market engineered by the FED smack either of desperation (as the great Keynesian Experiment ends), or a means to allow the elites lower entry points for physical.
Paper is just paper; physical will always represent real wealth.
Why the Silver Bubble Hasn't Even Started Yet [View article]
On a side note, the manipulators seem to have a permanent "get out of jail free" card issued by the CFTC, a group that enables the great PM Ponzi scheme of all time. Too many closed door hearings (since the gaffe in March 2010), rejection of whistleblower testimony, no results from 3 years of "investigation", continuing delays on the imposition of position limits. The corruption couldn't be more transparent.
The EU may require Greece to provide collateral such as assets or revenue from asset sales in order to receive extra aid and avoid a debt restructuring, a source says. A German official says other steps may include lower interest rates or longer maturities on bailout loans. (previous) [View news story]
The Disturbing Truth About Silver's Rally [View article]
There is no surplus of silver. Exactly the reverse. Instead of GFMS, read ALL the facts presented in the objective SilverInstitute.com. The author disingenuously cherry picks its information. Why no comment on SI's prediction that industrial demand alone will eat up 65% of production by 2015?
The fact that silver is "the poor man's gold" is now the major investment metric. Check out the Indian situation re silver; going parabolic.
While it may be true that "speculators" are involved, the lack of physical supply at national mints and dealers indicates that "real" physical buyers are out there in quantity.
As for SLV, the "paper" investment, it's absolutely amazing to me that they can "find" millions of ounces overnight while the US Mint and Sprott's PSLV cannot.
The Gold Bubble That Just Won't Pop [View article]
With regards to gold, the author points out the most salient fact; extremely few westerners own gold in paper form (ETFs, miners), and fewer still own actual bullion. In all forms, including jewelry, Americans own less than 1.0%.
A bubble? we are a long way from that. I would be concerned only when the daily spot price rises $50-$100 on a regular basis. What we are seeing now is methodical incremental accumulation by the Asians who have a 5000 year history with this metal and know its value as a wealth storage mechanism.
Department of Justice Distorts Mortgage Fraud Priorities [View article]
But Mozilo and the TBTFs with the endemic and prima facie fraud that is MERS get off with mere wrist slaps. We have fallen so far in just 20 years when the S&L fraud investigations actually sent thousands of criminals to prison. The fraud this time is many times greater in magnitude than that of the 80s, but the DOJ goes after only the small fry and the regulators (CFTC, SEC, FDIC) kneel before the biggest thieves.
We really have to wonder when, and how the next "grand theft economy" will occur because there are no longer any moral or legal restraints in the system.
How Far Will Housing Prices Fall? [View article]
At this point in time, "renting" appears to be more cost effective than the total cost dynamics of home ownership. Until that changes, I'm at a loss to envision how a potential 20 million housing units (foreclosed, to be foreclosed, etc) are going to be absorbed.
I have not seen any studies that examine at what level rents would have to increase to spur housing sales, but I would imagine that they would have to increase to a level that equates favorably with home ownership costs (PITI plus regular maintenance). We are nowhere near that price level yet.
Housing's Three-Headed Foe Rears Its Ugly Head [View article]
Can Gold and Silver Rally? [View article]
Jobs Report Proves We'd Better Get on Course [View article]
Back to Our Regularly Scheduled Housing Crash [View article]