Saturday, 29 December 2012

Jim Rogers Predictions on Gold, Silver & Currencies for 2013

"Jim Rogers discusses his forecast for 2013-2014 and gives his advice. Topics discussed include United States National Debt, Economic Slowdown, European Recovery, The Euro, the U.S. Dollar, George Soros, EU breakdown, The Federal Reserve, QE3, QE4, Financial crisis, Economic Collapse, China, Interest Rates, the Bond Market, Inflation, Safe Haven Assets, Commodities, Stocks, Agriculture, crude oil, Myanmar."


Wednesday, 26 December 2012

Pierre Poilievre: America's Collapse - "Everyone Takes, Nobody Makes, Money Is Free, And Money Is Worthless"

"On this lackluster Boxing Day dominated by illiquid moves in every asset class, we thought a few succinct minutes spent comprehending the US and European government policies of social welfare and their outcomes was time well spent. Canadian MP Pierre Poilievre delivers a rather epic speech destroying the myths of US and European 'wealth' noting that "Once the US citizen is in debt, the US government encourages them to stay in debt," noting that "the US government encouraged millions of Americans to spend money they did not have on homes they could not afford using loans they could never repay and then gave them a tax incentive never to repay it." His message, delivered seamlessly, notes the inordinate rise in the cost of all this borrowing, adding that "through debt interest alone, soon the US taxpayer will be funding 100% of the Chinese Military complex." From Dependence to Debt to the Welfare State and back to Dependence, this presentation puts incredible context on the false hope so many believe in the US and Europe. Must watch."

- Source: Zerohedge, view the full article here:

Sunday, 23 December 2012

Bill Murphy and Chris Powell Call Out Gold and Silver Market Manipulation Conspiracy Critics

"Several Japanese pension funds started to invest in gold for the first time, according to the Wall Street Journal. The report claims the funds are looking to mitigate the damage of market shocks and reduce the risks associated with currencies. Until recently the pension funds invested mostly in domestic stocks and bonds. We talk to Bill Murphy and Chris Powell from the Gold Anti-Trust Action Committee about the role of gold as a hedge in world markets.

And we often discuss the role of the price mechanism and price discovery and on this show, as well as the role central banks, and private banks, play in distorting it. Whether through central bank induced ZIRP or through private banks tinkering with Libor, markets are most certainly manipulated and prices are unquestionably distorted. For years Bill Murphy and Chris Powell have made the case that the precious metal markets are no exception to the manipulation. While we see video of Queen of England touring the vaults of the Bank of England, we don't ever see transparent disclosure of the gold leasing and transactions of central banks. And as for silver price manipulation, the CFTC's four year investigation into silver has shed no light. We talk to Bill Murphy and Chris Powell of GATA about the latest developments in precious metal markets.

Plus, the SEC approved a JP Morgan copper ETF, the first US ETF that would allow investors to purchase copper, according to the Wall Street Journal. The ETF is backed by physical copper, and received clearance despite opposition from companies that use copper and some US lawmakers. They are concerned that the fund will allow speculators to squeeze the market, increase price volatility, and undermine price transparency for the industrial metal. We talk to Bill Murphy and Chris Powell about the impact of this new ETF.

And the Newtown school shooting unleashed tears, and renewed talk of gun control and laws. From the weapon used, the Bushmaster rifle, to big business, Lauren and Demetri talk about the reaction from Wal-Mart to Wall Street in today's Loose Change."

- Source, RT Capital Account:

Friday, 21 December 2012

Documentary - The Great Spanish Crash

The series "This World" by BBC brings us the documentary "The Great Spanish Crash". This documentary shows how this once booming economy has been brought to it's knees by greed, corruption and the ignorance of it's politicians. Essentially the sad thing is (which the BBC does not point out) that in the next decade country after country could make basically the same documentary and simply just change the title.

Of course if you are part of the very small, but ever growing minority of individuals who are continuously stacking gold and silver then you may be able to avoid some of these pains (if not all). Enjoy.

- Source, BBC:

Wednesday, 19 December 2012

Whistleblower Andrew Maguire - $3.5 Billion Dollars of Paper Gold Used to Smash the Market

“Keep in mind that $3.5 billion of paper gold was actually cleared in London yesterday. This selling was coordinated by the same bullion banks that are also active in the Comex. At the same time, they are rigging enough of a decline to cover shorts into capitulating longs on the Comex market.

But the Eastern central banks are simply sitting back and allowing this defense of the dollar to occur. They know what’s going on....

They know that the (US) government is shorting foreign exchange gold and they are long the dollar. So they (the Chinese) simply scoop up what (gold) they can at the resulting discounted price. What is astounding is that the price of world gold and silver is actually established in that manner because it has nothing to do with the physical market at all.

Essentially what they (the Chinese) are trying to do is divest themselves of their dollars, euros, yen and any other fiat currency as fast as they can. They are not stupid, they are going to sit back and allow the governments to defend these (paper) currencies."

- Whistleblower Andrew Maguire, via a recent King World News interview, read the full interview here:

Saturday, 15 December 2012

Obama Refuses Boehners Tax Hike Offer

"The Fiscal Cliff cat and mouse game is entering its last two weeks of calendar 2012, with Congress now officially closed for the year. And while we would have expected major updates in the Cliff timeline to only hit during trading hours, usually just as AAPL once again threatens to trade with a 4-handle, Reuters reports that out of the blue Boehner, who last we checked is back in Ohio, has made a radical departure with the Norquist pledge status quo, and has offered to raise tax rates on high earners to break the "fiscal cliff" deadlock in exchange for major cuts in entitlement programs, but President Barack Obama is not ready to accept, a source said late Saturday."

- Source, Zerohedge, read the full article here:

Monday, 10 December 2012

What the US Debt Looks like in $100 Bills

This shocking video puts in perspective the staggering amount of debt that the US government has accumulated. Keep in mind, all this money has been spent and is owed. Also remember that deficits are running over 1 Trillion dollars a year. A great video to pass around and help explain the dire situation to your friends and family.

- Source:

Wednesday, 5 December 2012

Goldman Says Gold May be Near a Peak

If there has been one thing over the years that I have learned. It is this. Do the opposite of whatever Goldman Sachs says. This is the most positive statement I have heard for the Gold and Silver markets in some time. Expect Gold and Silver to rally near the end of December.

Excerpt from the Globe and Mail:

"Goldman Sachs lowered its gold price forecasts across the board on Wednesday, noting increased chances for weakness.

While we see potential for higher gold prices in early 2013, we see growing downside risks. As a result, we find that the risk-reward of holding a long gold position is diminishing,” the bank said."

The risk-reward of holding a long gold position is diminishing? You could of fooled me. The rewards only seem to get greater and greater everyday. Regardless of the short term manipulated price changes.

- Source, Globe and Mail:

Saturday, 1 December 2012

Precious Metals to Rise 30%, 40%, 50% Next Year

"We know that it’s being manipulated. I’m not saying that as a conspiracy theorist. They (central planners and banks) were rigging the interest rate game for years. If they could rig the interest rate game, you think they are rigging the gold and silver markets?

Everybody knows that the more money they print, whether it’s outright monetary transactions or quantitative easing, they are debasing the currencies. Gold and silver should be 50% higher than they are now. The only reason they are keeping the price down, I believe it’s totally manipulated.

But they are not going to be able to keep it down forever. I would assume we are going to see precious metals see that 30%, 40%, 50% rise next year.”