"JPM Eligible Gold Drops To Fresh Record Low Following Withdrawal Of 28% Of Holdings" - The run on physical continuesSubmitted by Eisenhower on Wed, 05/08/2013 - 23:38
While the recent chart painting has damaged the technical chart of gold, the fundementals (demand vs. supply) continue to indicate troubles for the manipulators. When the exchanges can not make good on delivery we will see the true potential for gold prices. I will not be suprised to see another naked short futures raid on gold and silver in the near future. None the less, it is clear, only Wall Street is buying the head fake. The rest of the world is hungry for gold. And why shouldn't they be?
Popping in just for a quick “Told you so!” which is bolstered by one of the more favored economists on the O&G list. . . at this time a “johnnie-come-lately” to use an older phrase.
Another elucidating piece from Matt Taibbi. He nails it on the head and shows the level of complicity and corruption in the regulatory and judicial branches of government in doing little of substance to halt this behavior which is a form of out right thievery.
I have remained quite on this subject for the most part. I have a little commentary and then I am linking the video for "The Secret World of Gold." Part III is the most interesting and germane to the current manipulations in the market.
Here are my thoughts in simplified terms in regard to the massive attack on gold and silver that has been ongoing for over 2 months and hit full force this week.
While the MSM and the primary dealers and bullion banks (who have been manipulating the prices lower in a ferocious manner the last few months) have been selling the idea that bull market in gold has ended, in the meantime, the rate at which physical gold is exiting the COMEX vaults is at the all time highest record. Has the manipulation been a cover to allow those trying to make good on their lease and swap options able to buy at lower prices? How much longer can the masquerade that QE is not long run causing monetary push inflation be sold?
"Helicopter QE will never be reversed" - Telegraph - Ambrose Evans-Prtichard "esmonetary theorist Professor Michael WoodfordSubmitted by Eisenhower on Wed, 04/03/2013 - 21:19
What I've been saying all along. His solution is interesting.
Helicopter QE will never be reversed
Readers of the Daily Telegraph were right all along. Quantitative easing will never be reversed. It is not liquidity management as claimed so vehemently at the outset. It really is the same as printing money.
By Ambrose Evans-Pritchard
7:49PM BST 03 Apr 2013
Columbia Professor Michael Woodford, the world’s most closely followed monetary theorist, says it is time to come clean and state openly that bond purchases are forever, and the sooner people understand this the better.
Interview with John Williams of Shadow Stats by Greg Hunter - "Congress Triggers Early Stages of Hyperinflation"Submitted by Eisenhower on Wed, 04/03/2013 - 20:26
It is clear that Western Central Banks are panicking, using every trick to hammer gold and silver while pumping stocks through the primary dealers, even as economic fundamentals suggest that stocks are very expensive on a forward earnings basis and I would argue on a current earnings basis. There are of course exceptions. Any opportunity to listen to John Williams is one I will take as he provides data.
"The Fed Is Printing Money, But Where Is It Going? They Know But Will Not Say" - Its going to Banks not Mainstreet.Submitted by Eisenhower on Fri, 03/22/2013 - 18:21
This article definitely has heuristic value. Basically it says the Fed is printing boat loads of money and it is going to banks that (had they to mark their assets to market) and not been the recipient of this massive Fed give away, they would be insolvent. He is also saying the reason we don't see any inflation to speak of is because the money never enters the real economy, doesn't spur growth. In fact, stagflation benefits the largely unregulated banking sector because while inflation remains low, they can keep printing money indefinitely to Wall Street's benefit.
The first thing I want to say is that I have no idea about timing in the markets. I want to give a brief summary of my current world view on the global financial markets. There is a lot of talk about the breadth of the recent rally in the US equity markets. There has also been a lot of talk about the gold and silver bull markets being over.
This article is a rare gem of truth on this subject:
"In major policy shift, scores of FDIC settlements go unannounced" - When Transparency is Lost, Free Markets lose credibilitySubmitted by Eisenhower on Tue, 03/12/2013 - 20:42
It is clear that we are seeing a studious attempt to mask the entropy of corruption. This article points out just one example.
"...Critics describe the FDIC's current practice of low-profile deal-making as a major departure from the S&L crisis.
"China's Extreme Real Estate Bubble: Globalization Is a Fraud, a Castle Built On Sand" - Jesse's Cafe AmericainSubmitted by Eisenhower on Mon, 03/04/2013 - 23:12
Much of the talk of a stronger global economy centers around China. What is studiously ignored most of the time is the fact that China has patterned a major portion of their "growth" strategy around real estate development and much if not most of that real estate sits empty, even as wages in China have not seen the kind of growth that would enable these "real estate investments" to bear fruit. I'll post the link to this very visual and compelling 60 Minutes piece (commercials included unfortunately) and then Jesse's lucid commentary.
"Supreme Court once again undermines the search for Justice. Supreme Court Ruling a Blow for Future Financial Crisis Cases"Submitted by Eisenhower on Sat, 03/02/2013 - 00:19
After watching the PBS Frontline documentary, the untouchables (see a recent post on this site), we now have given the those who profited so well from their fraud, deception and sociopathic greed and hubris in the events leading up to 2008 a clean slate and they are free to continue pillaging and corrupting government and the Supreme Court injustices have carved their legacy of fascism into stone.
Of particular interest lately are the manipulated statistics indicating a downturn in new applications for unemployment.
"Trade protectionism looms next as central banks exhaust QE" - Ambrose Evans-Pritchard - The TelegraphSubmitted by Eisenhower on Mon, 02/25/2013 - 20:43
Here is a lucid article from Ambrose. Again, he is one of the few mainstream journalists writing about such issues.
"... A new paper for the US Monetary Policy Forum and published by the Fed warns that the institution's capital base could be wiped out "several times" once borrowing costs start to rise in earnest.
This was receive via email this AM and is reproduced here without comment other than to point out sensitivity to common problems of the common wage earner is not a universally distributed attribute.
While this is not news to many of us here, it is worth remembering why our government is beholden to the Banks and the Federal Reserve:
The ZLB does more harm than good - for several reasons.
Bubbles, Drones and the destruction of the Constitution - Interview with Frmr Asstnt Treasury Secretary Dr. Paul Craig RobertSubmitted by Eisenhower on Wed, 02/13/2013 - 20:02
It is hard for me to understand how this is possible. The Fed is the buyer of only resort it would seem. What else is possible? How can it get better than this?
excerpt: "...By the close of business on Wednesday, Feb. 6, according to the U.S. Treasury, the total federal debt had climbed to $16.4799 trillion—an increase of $47.2 billon for the calendar year.
If you haven't seen this you will want to. After you've seen it, pass it on.
The fix is in. HSBC is another blatant example of the level of corruption in Banks and the justice system.
Lars E. O. Svensson, a board member of the Sveriges Riksbank, Sweden’s central bank, and a professor at Stockholm University, had a paper published in the Brookings Papers on Economic Activity Fall 2011 issue, Practical Monetary Policy: Examples from Sweden and the United States”.
The insanity of the current system is illustrated in this straight forward talk. If our own government is voting on legislation it doesn't even read, how can there be any order, planning or management. What can we become aware of, do and be to bring a higher consciousness to the country and the world?
How can we have a different outcome than what is projected here? What else is possible? Everything is energy and we are souls only occupying bodies. Can we not exercise dominion over the energy we occupy?
Global Pressure is increasing - Banks under fire and regulators prodded by commentators New blog entrySubmitted by Old and Gray on Wed, 01/23/2013 - 17:56
Global Pressure is increasing - a new blog entry by O&G Jan. 23, 2013.
For those who may be interested in an evaluation which references a statement tossed off sometime ago, - Recession within a recession has been posted in the O&G blog site.
Stumbled across this ad. There's no shortage of plans to abandon the mess created her in the US. After all, the recent failed presidential campaign of Romney-Ryan was built around the personal beliefs of the GOP candidates that we were failing and the two had no faith in US money or banks. But here's an open solicitation from an ex-Maryland Representative who pulled out of his re-election campaign back in 1980.
"The Vampire State"
This entry has been updated and revised as of Jan. 8, 2013
A Review of developments of two eventful days - January 3, 2013 and January 4, 2013.
There have been significant changes in the relative values of global currencies overnight.
Systemic Risk from Global Financial Derivatives: A Network Analysis of Contagion & Its Mitigation with Super-Spreader Tax - IMFSubmitted by Eisenhower on Thu, 01/03/2013 - 20:11
The subject upon which much of the most detailed analysis and thoughtful, solution oriented thinking done by Old and Gray is finally being publicly recognized by the IMF (even if somewhat timidly) as actually embodying the economic and moral hazards of the so called "shared risk" between banks as it pertains to derivatives and in particular the new breed of financial amalgamations referred to as Systematically Important Financial Institution (SIFI's). The article also uses the acronym TITF which translates to "Too Important to Fail Risk".