InvestorMind

With year end fund flows making absolutely no sense for the most part, thank you global central planning, as the euro plunges and the market refuses to follow, with risk assets rising on speculation the ECB (and/or Fed) are about to restart printing yet gold collapsing (on one or two hedge funds liquidating, yet econ PhDs already rewriting their theses on why the "gold bubble has popped"), and finally with Treasurys soaring to near all time highs (10 Year under 1.9% yesterday even as stocks surged on data from the National Advertisers of Realtors, aka NAR, of all fraudulent and corrupt entities), here is the latest observation to make the confusion complete. As the Fed's critical H.4.1 weekly update shows (which is leaps and bounds more accurate than the Treasury's TIC international fund flow data), in the week ended December 28, foreign investors sold the second highest amount of  US bonds in history, or $23 billion, bringing total UST custodial holdings ...

By Matt Phillips Just for the record, gold is limping into the end of 2011, while Uncle Sam’s I.O.U.’s are finishing strong . Year-to-date, the total return on long-term Treasurys — counting price increases and interest payments — was roughly 30% through Wednesday. After the clobbering gold took yesterda y, gold is up only 11.6% on the year. It’s down another 1% Thursday. But, don’t worry barbarous relic lovers, you could have done much worse. The total return on the S&P 500 — that’s price and dividend payments — is a negative 1.7% through the end of yesterday. Here’s a look at the chart. FactSet Research Of course, we love to prod the goldbugs — if only to make them stop scanning the horizon for the black helicopters, put down their shotguns, and hand-crank their generators to fire up their laptops and post angry comments from their tin shacks somewhere out in the high desert. But gold’s run higher over the last few years has been nothing to sneeze at. Over the...

With investors concerned about the recent plunge in gold and silver and questions about what is going to happen with Iran and the Straits of Hormuz, today King World News interviewed KWN resident expert Jim Rickards. Rickards has gained international recognition for his deadly accurate predictions regarding moves by central planners. Rickards let KWN know that the US is headed to war with Iran: “Yeah, it’s very serious, Eric, actually grave. The big thing to get right in this case is that Iran will not be allowed to have a nuclear weapon, period. That’s just not going to happen. Now we know they (Iran & its allies) are pushing towards it and so there is going to be a train wreck.” Jim Rickards continues: “The Obama administration has pursued diplomacy very vigorously. My view is it has failed. (The other possibility) would be a regime change. I say the war has already begun. There’s a lot of sabotage, there have been assassinations, strange things blowing up, rebellio...

With near panic in the gold and silver markets, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management to get his take on where he sees gold, silver and the mining shares headed. When asked about the action in gold, Embry said, “It’s disappointing in the sense that it shouldn’t be happening. I can’t say that I’m totally surprised, you are in the quietest period of the year. These guys (manipulators) are sociopaths. They’ve basically taken the opportunity here to just take gold and silver to the cleaners in the paper market in an extraordinarily quiet period.” John Embry continues: “A good friend of mine who has been long the paper market, on and off for the last 40 years, just sold his last contract, which tells you they are driving the paper boys out of the market. I think it’s clear the economic decay will accelerate and as a result, given the debt overload in the system, the only way that it can be support...

Here's a screen shot on the annual return of gold and silver in different currencies. If you just hold on to it, you would have averaged around 19.1% a year since 2002 in US Dollar terms on gold. What's interesting to note is that gold has held its value over the last 10 years while all other currencies have been falling in value. For silver, you would have averaged 22.1% since 2002 even with two big drops during that time. Source http://www.goldprice.org/

With the gold price tumbling, along with silver, today King World News interviewed the man who told clients in 2002, when gold was $300, to put up to 50% of their assets into physical gold, held outside of the banking system. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. When asked about the plunge in gold, von Greyerz said, “Well, Eric, I’m not really surprised because last time I talked to you I did say gold could go down to $1,550 support and maybe even $1,420. In my view that would be quite normal in a very thin market and I said that would probably happen by the year end.” Egon von Greyerz continues: “But this is all a thin paper market, we have not seen one single physical seller of gold or silver at these prices. So it’s just manipulation and panic in a paper market at the year end. Of course, it’s easy for anyone who wants to intervene to push the price down even further in a thin market. So I think that’s what’s h...

With continued fear surrounding the banking and monetary system as we head into 2012, today King World News interviewed Peter Schiff, CEO of Europacific Capital, to get his thoughts on what lies ahead. When asked about his outlook for 2012, Schiff remarked, “I think you are going to have a lot of choppiness in the stock market, but in the end I don’t expect a lot of movement in stocks. I don’t expect a crash or a big run, instead I think prices will continue to move sideways. In terms of the stock markets relation to gold I think it will continue to fall as a ratio.” Peter Schiff continues: “In fact, we could have a bigger decline in the Dow in terms of gold, in 2012, than we had in 2011. We are toward the middle to upper end of the range where stocks will be trading in 2012. Stocks will finish 2012 somewhere between 10,000 and 13,000. So the Dow may actually trade lower in 2012, but I don’t think it will be something crazy like a 30% or 40% drop. I don’t think people will ...

This video shows how American Eagle Bullion coins are made.

And it means more than is apparent. This post is adapted from analysis which appeared in The Strategic Planning Group . Mario, relax . . . So yesterday, the European Central Bank (ECB) doled out €489 ($639) billion in loans to the European banking sector. Why’d they do it? ‘Cause Europe’s banks are broke: That is, if all the crap they collectively hold on their books were marked to market, their liabilities would be greater than their assets. American banks shouldn’t smirk: The only reason they aren’t declared bankrupt for the same reason is because of the suspension of FASB 157 back in March 2009. The ECB lent out the €489 billion against any and all collateral the European banks would put up. In exchange for this collateral—no matter how damaged—the banks got 1% loans, which is not merely free money but essentially subsidized money: Eurozone inflation is around 3%, and except for German and Dutch debt, all sovereign bonds are yielding more than 3%. Thus a 1%-in...

At JSMineset.com , one commentator offers a pithy summary of this week’s long-term refinancing operation (LTRO) measures from the European Central Bank: “Today the ECB provided a nearly half trillion euro loan to European banks. More than 500 European banks took this 3 year loan at 1% interest. The ECB plans to do another 3 year loan offer early next year (maybe February). In exchange, banks are supposed to buy Sovereign Debt from European countries. Banks can pocket the huge differential in interest! What a Christmas present! Jim, you said it first. Western governments are into QE to infinity!” Given European banks deleveraging needs, however, sovereign bonds may not receive the bids that some had hoped. Reuters notes that bank analysts expect no more than €100 billion of these loans to be used to purchase more sovereign debt from the likes of Italy and Spain . Morgan Stanley estimates some €20-50 billion euros of Italian bonds could be bought. To put this in cont...

Jim Sinclair is primarily a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York , Kansas City, Toronto , Chicago , London and Geneva , were sold in 1983. From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volker. He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation (commodity clearing firm) and Global Arbitrage (derivative dealer in metals and currencies). Jim Sinclair talks to Eric King at King World News on the gold manipulation. Listen to the interview here .

With continued fears about the situation in Europe and gold and silver prices stabilizing, today King World News interviewed James Turk out of Spain to get his take on the situation. When asked about the ongoing crisis, Turk responded, “There is some stunning news today here in Europe, Eric. In an attempt to ease the dire liquidity situation affecting European banks, the ECB announced a 490 billion euro, three year financing. This is back door quantitative easing and clearly shows the money printing mentality at the highest levels of the ECB.” James Turk continues: “The bad news is that this huge amount of funding does not provide the banks with sufficient liquidity, and the ECB has already announced another three year financing will take place in February. Clearly the ECB thinks the liquidity strains are not going to disappear in the foreseeable future. It is extraordinarily unusual for a central bank to lend money for more than a few weeks. This illustrates how desperate th...

Cheviot's Ned Naylor-Leyland joins the panel of CNBC's Commodities Corner to discus the Outlook for Gold in 2012. He discussed the collusion of central and commercial banks "selling leveraged paper" in gold, to characterize this as "the modern manifestation of the London gold pool," to note that there may be as many as a hundred times more paper claims to gold than real metal is available, and to conclude that gold is "a rigged market." Watch the full interview here

Farmers and ranchers have had their operating capital stolen by JP Morgan. Former CEO of Barnhardt Capital Management, Ann Barnhardt shut her firm down in the wake of MF Global's collapse to protect her customers. She calls for a general strike against the financial markets.

Anyone seeking joyous holiday greetings and cheerful forecasts for the new year is advised to avoid the following most recent Mark Faber interview, in which in addition to his predictions for 2012 (led with "more printing" by the dodecatupling down central planners, and far less prosperity), we get the following: "I am convinced the whole derivatives market will cease to exit. Will become zero. And when it happens I don't know: you can postpone the problems with monetary measures for a long time but you can't solve them... Greece should have defaulted - it would have sent a message that not all derivatives are equal because it depends on the counterparty." And on the long-term future: "I am ultra bearish. I think most people will be lucky if they still have 50% of their money in 5 years time. You have to have diversification - some real estate in the countryside, some gold and some equities because if you think it through, say Germany 1900 to today, we ...

Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host Stacy Herbert discuss the Maxinator, downgrade rampages and food fights between Sarkozy and Cameron. In the second half of the show, Max and Stacy look at the victims of banking fraud, from the Alabama poor cut off from water supplies to the small ranchers who lost it all when MF Global was run into the ground by former Goldman Sachs banker and ex-New Jersey governor, Jon Corzine.

Mike answers a question asked at the Casey Research Summit: "What would you change about your book if you were to re-release it today?" He explains the difference between the precious metals bull market of the 1970's when he was growing up and the tremendous growth he can foresee in the years ahead.

For a long time, we have questioned what central banks have done in response to crisis. To really get this, lets take a step back and take a close look at what they have done. Central bankers operate under one fundamental tenet—that an economy must expand. Sure, “price stability” is commonly cited as a goal or mandate of central banks. But let’s be honest—if you look at the last 100 years, the prices of things have not been stable at all—they have consistently risen to balance an expanding supply of paper. Over the last few years, central banks have responded to financial lock-up by lowering interest rates. This has two basic effects. Firstly, it makes it cheaper for us to borrow to consume now—which buoys the economy. But secondly, if you were saving, you would quickly realize that your savings are earning less interest—and if you spent instead of saving, you wouldn't really lose that much. In economic nerd-speak—the opportunity cost of spending goes down. So what is wrong wit...

King World News is receiving reports of significant waits for delivery of silver. Today King World News interviewed the “London Trader” to get his take on the situation. The source stated, “It is so tight, the silver market is so tight that we’ve been waiting three weeks plus, before this takedown, for deliveries of size to arrive. I’m talking about tonnage orders. This is also key, most of the silver being delivered was refined after the orders had been placed, and again, that was before the takedown. You can just imagine how long the wait times will be going forward.” KWN BLOGshapeimage_24_link_0shapeimage_24_link_1 © 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged. December 21, 2011 Subscribe to RSS CLICK HEREshapeimage_27_link_0shapeimage_27_link_1 KWN Blog Archivesshapeimage_28_link_0shapeimage_28_link_1 The London Trader...

The US Federal Reserve on Tuesday moved to toughen capital requirements for the country's largest banks, saying their size and stretch could threaten the overall financial system. The Fed said it was preparing to implement new capital and liquidity rules outlined by an international banking pact on nearly three-dozen banks with assets over $50 billion. Rebuffing resistance from some of the country's most powerful financiers, the Fed said it would apply the extra-tough standards of the Basel III pact on 29 "globally systemically important banks." That could mean even tougher standards for the eight American banks and bank holding companies on that list: Bank of America, BNY Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, State Street and Wells Fargo. "The recent financial crisis showed that some financial companies had grown so large, leveraged, and interconnected that their failure could pose a threat to overall financial stability," the Fed said i...

UCLA Economics Debate Nov/8/2011 Debate between Peter Schiff, David Rosnick, and Roger Farmer.

Is somebody or some country printing fake bonds or are they actually trying to dump US Bonds?

Investors are furious that they can't get back the gold and silver they stashed with the failed brokerage. It's one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It's something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%. That, in essence, is what's happening to investors whose bars of silver and gold were held through accounts with MF Global. The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver—and hold "warehouse receipts" to prove it—they'll have to forfeit 28% of the value. That has investors fuming. ...

There's been a massacre in gold and silver last week. Gold is down over $60 at $1568 as of this writing and silver down $2 at $28.78 on December 14, 2011. If gold and silver is the protection against inflation and excessive money printing. Why are gold and silver prices being hammered? Here's my theory. I think what we're seeing is similar to what happened in 2008 when the financial crisis hit. Everyone had to raise cash to keep their company afloat. Since most if not all paper assets are down, the only one left to sell is gold and silver which the only asset class that's been up in the last 3 years. Of course there are those who say that the paper markets in gold and silver are manipulated by JP Morgan and HSBC. There's that to. There's another one I've been thinking about. I'm reading a book called " Currency Wars " by Jim Rickards, a book about the currency markets and had a part on how President Franklin D. Roosevelt made it ille...

Isn't it interesting that there's a lot of bills coming out of the US that's really questionable?

After touching its lifetime high of USD 1,925 per ounce in September, gold has fallen over 20%, currently languishing around 1,530 per ounce. T Gnanasekar of Commtrendz Research and Fund Management tells CNBC-TV18 that he believes the price of gold will fall another USD 100 dollars in the coming days. “The market is not looking at gold as a safe haven commodity till change comes in the European situation,” he explains. He further says that demand for physical gold and exchange traded funds (ETFs) continues to be encouraging. Another commodity that is hurt by the strengthening dollar is crude, and Gnanasekar has a target of USD 90 per barrel for that. “On the MCX, we think Rs 4,975 odd levels could be a good level to sell for a target of Rs 4,850,” he added. Below is an edited transcript of his interview with Latha Venkatesh and Ekta Batra. Also watch the accompanying video. Q: Should we be prepared for more fall on gold? A: Absolutely because headline risk news is bigger than...

Dec. 16 - Rob Cox is joined by James Rickards, author of Currency Wars, and Breakingviews columnist Martin Hutchinson to discuss how a global competition to devalue currencies can be avoided.

Kyle Bass, the Dallas-based hedge fund manager who said in 2009 that governments would default within three years, said Greek, Portuguese and Spanish depositors will withdraw money from banks in the coming months. “Just as Latvians ran to the ATMs this weekend, so will depositors all over peripheral Europe in the months ahead,” Bass, who runs Hayman Capital Management LP, said in an investor letter. “Deposits are now declining at an accelerated pace. What’s surprising is that it hasn’t happened much sooner.” In Greece, business and household bank deposits have slumped 26 percent in the past two years to 176 billion euros ($229 billion), and fell in October by the most since the nation joined the euro, according to the Bank of Greece. There were 2.24 trillion euros of overnight deposits with euro-region financial institutions at the end of September, down from 2.26 trillion in July, according to data compiled by Bloomberg. Latvians pulled about $54 million from local Swedbank AB a...

If 1 penny = $100,000,000. How much would that be? There were 2 Bailouts in the US. $700,000,000,000 Tarp Bailout: 7000 pennies ($70) $16,000,000,000,000 Secret Federal Reserve Bailout: 160,000 pennies ($1600) Let's see what they look like.

Johann Saiger, Editor of Midas Investment Report, and James Turk, Director of the GoldMoney Foundation, meet in Munich and talk about the price of gold. Johann Saiger explains that he has been very bullish on gold for the past 10 years and remains very bullish. However he warns that the sovereign debt crisis poses deflationary dangers, which could set gold back temporarily. He says that we are walking on a tightrope between deflation and hyperinflation and that after a short deflationary shock central banks will overreact with money printing. They talk about gold and silver being very undervalued, even compared to its previous high in 1980, once it is adjusted for inflation. They also talk about the dow/gold ratio as a way of measuring gold's value. They talk about the price of gold. James Turk explains how gold woke him up in the 1960s to the fallacies of his economic education. They talk about the history of gold, since the gold coins first minted by King Croesus of Lydia and ...

With gold trading down over $60 and silver lower by more than $2, today King World News interviewed legendary Jim Sinclair. When asked about the action in gold, Sinclair stated, “Statements made by Mrs. Merkel, in Germany, this morning would have us believe that both the US Fed and Germany’s influence on the ECB would result in a willingness to accept a severe deflation, rather than willingness to accept a severe inflation. The selling (in gold) sent some of the fundamental guys out of their positions in gold, which affected the technicals.” Jim Sinclair continues: “Technical analysis, when looked at, is really everybody looking at the same thing. So the sellers are chasing each other trying to find the bid. I believe that what started all of this is purely political in nature. I firmly believe there is no political will, on the planet anywhere, but especially in the Western world, to invite a severe deflation. As the deflationary forces continue to surface you will see the ...

Peter Grandich has called out fellow investment newsletter writer Dennis Gartman on his assertion earlier this week that gold is now entering a bear market. In the latest installment of The Grandich Letter, Mr. Grandich said Mr. Gartman is a “true master of self-promotion” whose “track record better suits him for the lead role in ‘The Boy Who Cried Wolf.’” He also named Mr. Gartman one of the “Three Stooges of Gold Forecasting” alongside two other well-known gold commentators, Jeff Christian, the managing editor of CPM Group, and Jon Nadler, senior analyst at Kitco. “Mr. Gartman is one of three people who many in the media continue to quote despite a nearly decade-long poor overall track record on gold,” he said. “He, Jeff Christian and Jon Nadler have demonstrated to me (and I suspect many others) that a broken clock’s percentage of telling the correct time in any given day is about the same as their actual accurate forecasts for gold in the last decade.” Mr. Grandich said h...

A new polysyllabic term has entered the Wall Street lexicon and is sweeping through the investing world like a brush fire through a dry canyon: "hypothecation." With its connection to the MF Global bankruptcy and aftermath, it engenders the kind of fear a homeowner might feel while monitoring the approaching flames. The rise of hypothecation as the lead suspect in the MF Global tragedy has caused a fair bit of confusion about what, exactly, it is – and is not. Proving the idiom that nature abhors a vacuum, the blogosphere has weighed in with all manner of explanations, many of which have been less than accurate. In an attempt to help our readers get to the heart of the matter, we will briefly review hypothecation – what it is and how it is used – and do so in plain English. There is considerable ground to cover here, so we will get right into it, starting by defining the term, then discussing the role hypothecation played in the demise of MF Global before turning our at...

In this letter to investors written by Kyle Bass of Hayman Capital Management. He talks about what he thinks may lie ahead for Europe and Japan. Hayman_Nov2011

If readers have the sense there has been a deluge of Kyle Bass reading (and viewing) materials on Zero Hedge in the past two weeks, it is because there has been: and why not - after all, unlike all other cheap talking heads, and know-nothing pundits who merely need a suit to make an appearance on one of the TV's financial comedy channels, Kyle has been consistent in the most important thing - telling the truth. Today, he took his resurgent popularity to CNBC which always knows which way the winds blow, and told David Faber more or less everything that Zero Hedge readers know already about Europe's collapse, on why the ECB will print but only after a default, and about the inevitable global debt restructuring. There was a twist: as most regulars here know, the key topic of the past week, of December, and potentially of 2011, is the limitless "fractional Prime Broker lending" of assets-cum-liabilities (and when it comes to the realization that one's gold itself m...

(Kitco News) -Comex gold futures prices are careening lower in late-morning trading Wednesday. February gold prices hit a fresh three-month low of $1,586.00, as of this writing. Panic and weak long liquidation in futures is occurring, amid the "risk-off" day in the general market place that has also seen the U.S. dollar index hit a fresh 11-month high. The stronger greenback has added to the downside pressure on gold. This week, alone, the price of gold has dropped by around $140.00 an ounce. Serious near-term technical damage has been inflicted this week, as gold has dropped below what were psychological support levels of $1,700.00 and $1,600.00. Now, the next downside target for the precious yellow metal is major psychological support at the $1,500.00 level. February gold last traded down $74.00 an ounce at $1,589.00. Original source

CHAPEL HILL, N.C. (MarketWatch) — Gold bugs over the last two weeks have become even more discouraged than they were at the end of November. And that’s saying something, since they were already quite dejected. As a result, contrarians detect a very strong wall of worry forming in the gold market, one which could very well be the springboard for bullion rallying into new all-time high territory. Consider the average recommended gold market exposure among a subset of the shortest-term gold market timers tracked by the Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). Two weeks ago, when I last wrote in this space about a contrarian analysis of gold sentiment, this average stood at 13.7%. Today it stands at 0.3%, which means that the average gold timer is essentially keeping all of his gold-oriented portfolio out of the market. To be sure, I reported two weeks ago that, on the basis of the HGNSI being as low as 13.7%, contrarian a...

I was lucky enough to catch Jim Rogers on the phone again for a few minutes to discuss MF Global’s affect on the commodity markets, the direction of the U.S., plus an emerging southeast Asian country which presents an “enormous opportunity” . In regards to the recent MF Global collapse and it’s impact on commodity markets Jim said, “MF Global is causing forced liquidation right now, but longer term people will forget about it. People still need to trade wheat, they need to trade oil. In the longer term it will be like many other disasters in markets, it will be a blip–an unfortunate blip.” Jim added that, ‘This event will be another push to move commodities business away from Chicago and towards Asia.” In terms of where the U.S. is going fiscally, Jim said, “The U.S. is the largest debtor nation in the history of the world, and we’re setting ourselves up for terrible, terrible, problems. No country which has gotten itself in this bad of shape has gotten out without a cr...

By: Nu Yu, Ph.D. with Lorimer Wilson Gold is in the bump phase of a seven-year Bump-and-Run Reversal Top pattern which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture which could change the long-term trend of gold. Silver is already in the run phase which does not bode well for its future price. Let me explain. According to Thomas Bulkowski, the Bump-and-Run Reversal Top pattern consists of three main phases: A lead-in phase in which a lead-in trend line connecting the lows has a slope angle of about 30 degrees. Prices move in an orderly manner and the range of price oscillation defines the lead-in height between the lead-in trend line and the warning line which is parallel to the lead-in trend line. A bump phase where, after prices cross above the warning line, excessive speculation kicks in and the bump phase starts with fast rising prices following a sharp trend line slope with 45 degrees or more until prices...

By Ryan Vlastelica NEW YORK (Reuters) - Stocks fell for a second straight day on Tuesday after the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis. Though the Fed did leave the door open to further easing next year, as it has done after recent meetings, it gave no indication it was any more inclined to provide new economic stimulus. The Fed left monetary policy on hold and said financial market turbulence posed threats to economic growth. It also characterized the U.S. economy as expanding moderately despite an apparent slowing in global growth, though it added that unemployment remains elevated and housing activity depressed. The Fed "gave the economy a very slight upgrade, but it sort of took the wind out of domestic equities, probably because some were hoping that they would hint at another (quantitative easing)-like program," said Robert Phipps, a director at Per Stirling Capital Management in Aust...

I just saw this video today. This guy bought 3300 oz of silver on Dec 12, 2011. See what 3300 oz of silver looks like.

There simply isn't enough physical silver to deal with the demand of a fiat currency crisis. As the paper silver market pushes prices down, all hell will break loose in the physical market.

Dominique de Kevelioc de Bailleul: Always looking for bargain prices in commodities markets, famed investor Jim Rogers has been patiently awaiting a significant pullback in precious metals prices before adding to his stockpile. But that plan may change for Rogers. The Fed’s statement released on Wednesday, in which it announced a coordinated 50-basis point cut in dollar swap rates with five other central banks, jolted Rogers into rethinking his buying strategy for precious metals and commodities, according to a GoldSeek interview with the 69-year-old commodities trader. When GoldSeek Radio host Chris Waltzek asked Rogers whether he’s buying commodities right now, the 69-year-old commodities trader said, “Well, not at the moment, but I’m seriously considering it given what’s happening in the world . . . They [central banks] are going to loosen up even more on money. That’s not good for the world, not good at all, but that’s all they know how to do. So, I’m contemplating, bein...

A young woman – let's call her Andrea – inherited some money from her father in late 1997. She was only nineteen at the time. Not knowing the first thing about investing, she kept the money in stocks and bonds as her father had, wanting to hold on to it until she really needed it. She played it "safe." She got married last year and so began to withdraw the money. She was pleased to see a chart from the broker that showed her portfolio was up about 20%. While admittedly not a great return over 12 years, her account had nevertheless survived both the 2000 tech crash and the 2008 market meltdown. She knew not all investors could not say the same thing. Andrea began spending the money, thankful that she'd saved the money to start a family. But a cruel reality slowly began to set in: the money didn't seem to be going very far. She couldn't quite put her finger on why, but it all clicked when she saw the lofty price of a new SUV she wanted. She remembered her Da...

In this video Chris Martenson, economic analyst at http://chrismartenson.com and author of 'The Crash Course', explains why he thinks that the coming 20 years are going to look completely unlike the last 20 years. In his presentation he focuses on the so-called three "Es": Economy, Energy and Environment. He argues that at this point in time it is no longer possible to view either one of those topics separately from one another. Since all our money is loaned onto existence, our economy has to grow exponentially. Martenson proves this point empirically by showing a 99.9% fit of the actual growth curve of the last 40 years to an exponential curve. If we wanted to continue on this path, our debt load would have to double again over the next 10 years. By continually increasing our debt relative to GDP we are making the assumption that our future will always be wealthier than our past. He believes that this assumption is flawed and that the debt loads are already unmanag...

Italian Welfare Minister Elsa Fornero broke down in tears and was about to announce to the Italian people that they will put an end to inflation indexing on all but the lowest pension bands, a move that will mean an effective income cut for many pensioners. She was unable to say the word "sacrifici" or sacrifice. In which the new Italian Prime Minister Mario Monti took over and said the word "sacrifici". The Italian people will suffer because the Italian politicians ran wild borrowing billions to continue their spending habits. Because of these borrowings which was encouraged by the banks, the Italian debt went to astronomical levels that the Italian people will now have to pay off. This is another bailout of banks where the people will suffer and the banks get their money back even if they were the ones who encouraged the risky lending.

WASHINGTON (AP) -- Jon Corzine told a House panel Thursday that he doesn't know the location of client money that went missing when MF Global failed. And he argued that he inherited a firm doomed by his predecessors' bad financial decisions. Yet Corzine said he accepts responsibility for the firm's risky bets and said its customers' losses weigh on his mind "every day — every hour." The former U.S. senator was subpoenaed to explain how MF Global, which he led for about 20 months, collapsed into the eighth-largest bankruptcy in U.S. history and why an estimated $1.2 billion in client funds remains unaccounted for. Testifying before a hearing of the House Agriculture Committee, Corzine apologized to "all those affected" by MF Global's failure. The company filed for bankruptcy protection on Oct. 31 after making disastrous bets on European government debt. Corzine resigned as CEO on Nov. 3 and hasn't spoken publicly since. Full story he...

U.S. Dollar weakness is a foremost concern of mine. As such, I have extensively written about it. I am very concerned that the actions being taken to “improve” our economic situation will dramatically weaken the Dollar. Should the Dollar substantially decline from here, as I expect, the negative consequences will far outweigh any benefits. The negative impact of a substantial Dollar decline can’t be overstated, in my opinion. The following three charts illustrate various technical analysis aspects of the U.S. Dollar, as depicted by the U.S. Dollar Index. First, a look at the monthly U.S. Dollar from 1983. This clearly shows a long-term weakness, with the blue line showing technical support (until 2007): Read the full article at EconomicGreenfield .

With investors wondering where the next major move is for gold and silver, today King World News interviewed four decade veteran, John Hathaway, the prolific manager of the Tocqueville Gold Fund. Many investors are on edge, waiting for a resolution to the European problem. Hathaway had this to say about what central planners face today, “Oh, it’s terrible, it’s really terrible. Then answer to all of these issues, in terms of what they are proposing, is austerity. Well that’s fine if you are a technocrat like the new head of Greece or the new head of the European Central Bank or the new guy in Italy. I mean these guys are all technocrats.” John Hathaway continues: “But I think they’ve got six months before people start to get very restive with their medicine of tightening government spending, cutting back on entitlements and all that kind of thing. I think if you want to have a bet that they don’t have as much time as they need, you should have some gold. What I expect (out ...

The gold bullion sales story has two sides. There's the American side... Total sales of America Gold Eagle bullion coins dropped significantly in November, according to the U.S. Mint. Total sales of gold U.S. Mint bullion coins declined by 63.4% in November from the previous year, while the bullion coins declined by 19.5% on a year-to-date rate. 41,000 ounces of the yellow metal were sold in November this year — compared to 112,000 ounces sold in the same month last year: Year-to-date sales through November totaled 934,500 ounces compared to the previous year-to-date totals of 1.16 million ounces. Full article at Wealth Wire .

Gerald Celente on the Tom and Todd show on November 30, 2011. From the interview he said: The European crisis is not ending. All they did was print more digital money not worth the paper it's not printed on. And that's why you see gold prices go up yesterday $35 an ounce because the smart money knows it. Everyone I know in Europe and Greece has gotten their money out of the banks. As a matter of facts, the banks has gotten their money out of the banks. Gerald Celente tells it like it is.

In this video Chris Martenson - economic analyst at http://chrismartenson.com and author of The Crash Course and James Turk, Director of the GoldMoney Foundation talk about the problems facing the eurozone as well as the global economy. Chris Martenson points out that the whole world simply has too much debt. This is why he believes that there won't be a real solution to the euro crisis. The big question will rather be who will take losses on the debt, which can't possibly be repaid. The lack of political leadership and unwillingness to accept reality is contributing to this crisis. Additionally, the monetary tools central banks have traditionally used to revive economies are starting to show less and less effect. In Martenson's view, the financial sector has become way to large and interlinked across borders, so that a default by one country could bring down the whole financial systems, because credit default swaps would get triggered and could bring down the writers of th...