Buy Gold Bullion | In <b>Gold</b> Coming and “Typical Investor” Will Not Be Able To Get <b>Bullion</b> | News2Gold |
- In <b>Gold</b> Coming and “Typical Investor” Will Not Be Able To Get <b>Bullion</b>
- How to <b>buy gold bullion</b> bars - Buy in now before its too late <b>...</b>
- The Biggest (Manipulated) Disconnect Of All Time
| In <b>Gold</b> Coming and “Typical Investor” Will Not Be Able To Get <b>Bullion</b> Posted: 29 May 2014 04:50 AM PDT by GoldCore Today's AM fix was USD 1,254.00, EUR 921.04 and GBP 749.82 per ounce. Gold fell $6.20 or 0.5% yesterday to $1,259.30/oz. Silver remained nearly unchanged at $19.04/oz
Gold extended losses to a third straight day yesterday and is down over 3% in three sessions. Gold bullion in Singapore traded sideways prior to a bout of concentrated selling in late trading in Singapore (0615 BST) saw gold quickly fall from $1,258/oz to $1,252/oz prior to a slight bounce back to $1,254/oz. It fell to 16 week lows, possibly due to slightly weaker physical demand in top buyer China and technical selling. In China, gold premiums ticked slightly higher to $2 to $3 per ounce. They have remained roughly the same since before the price drop, which suggests demand in China has not picked up on the price falls. We are bearish in the short term and technically, gold is vulnerable to further falls. Potentially to test what appears to be a double bottom between $1,180/oz and $1,200/oz. Gold is particularly vulnerable in the very short term, in other words, today, tomorrow and early next week.
It is also worth considering seasonal trends and in recent years, June is one of the weakest months for gold. Gold's five year and ten year average performance in June is negative. We will look at this in more detail tomorrow. While gold is vulnerable technically to further falls, it's 14-day relative strength index (RSI) has dipped into very oversold territory, at 28.9 currently. This morning Russia, Belarus and Kazakhstan signed the historic Eurasian Economic Union which will come into effect in January 2015. "The just-signed treaty is of epoch-making, historic importance,"Russian President Vladimir Putin said. The Eurasian Economic Union expects Armenia to join within a month, Kyrgyzstan within a year. Cutting down trade barriers and comprising over 170 million people it will be the largest common market across the ex-Soviet states. The troika of countries will cooperate in energy, industry, agriculture, transport and monetarily. Special Notice Regarding Reduction In GoldCore Premiums: Gold Bars Reduced To 1.6% Premium - Click Here "Massive Shortages" In Gold Coming and "Typical Investor" Will Not Be Able To Get Bullion – Rickards Financial expert, Pentagon insider and bestselling author James Rickards has warned that "typical investors" may not be able to acquire physical gold when prices begin to surge hundreds of dollars a day as "massive shortages" will take place. In another fascinating interview, this time with the always worth a watch Greg Hunter, formerly of ABC and CNN and now of USA Watchdog, Rickards said that gold will become the preserve of the "big guy" in the form of sovereign wealth funds and central banks. This is something we have warned of since 2003. There is another risk in the form of ultra high net worth individuals (UHNWIs) in Russia, China and elsewhere also attempting to corner the physical gold and silver markets. In the 1970's, the Hunt Brothers made the mistake of not accumulating enough physical silver outside the reach of the U.S. authorities. Some billionaires today will likely not make the same mistake. Rickards latest book, 'The Death of Money' predicts "the coming collapse of the international monetary system" and is being very well received. In recent days alone, Rickards has conducted a huge amount of media interviews with most leading financial networks. One of the signposts of the coming collapse of the international monetary system is countries like Russia declaring it will no longer use the U.S. Dollar as a reserve currency in international trade. Rickards explains, "Putin said he envisions a Eurasian economic zone involving Eastern Europe, central Asia and Russia. The Russian Ruble is nowhere near ready to be a global reserve currency, but it could be a regional reserve currency." Rickards is surprised at how fast the economic situation is unfolding. Rickards says, "If you ask me what has happened since you finished writing the book that comes as a surprise, I would say a lot of the things I talk about in my book are happening faster than I would have expected. Things that I thought would happen in the 2015 or 2016 time frame seems to be happening now in some ways. If anything, the tempo of events is faster than expected. " "Therefore, some of these catastrophic outcomes may come sooner than I wrote about." Rickards told Hunter that "right now, we are on the precipice now". "When you are on the precipice, it doesn't mean you fall off immediately, but you are going to fall off because you can see the forces in play. What I tell clients and investors is it's not as if we are going to make some mistakes and some bad things are going to happen. The mistakes have already been made. The instability is already in the system. We're just waiting for that catalyst that I call the snowflake that starts the avalanche. You don't worry about the snowflakes; you worry about the snow and that it's unstable and it's just waiting to collapse. That's what the system is right now; we are just waiting for a catalyst. People ask me all the time, what could it be? Technically, my answer is it doesn't matter because it will be something. It could be a failure to deliver physical gold. It could be an MF Global financial failure. It could be a natural disaster. It could be a lot of things. The thing investors need to understand is the catalyst doesn't matter. It's coming because the instability is already there." On gold manipulation and when it will end, Rickards says, "It will end when the physical shortage gets to the point that someone fails to deliver; which, at that point, there will be a buying panic. There could be a buying panic or what some people call a demand shock. One of the things I said about gold manipulation is if I was the manipulator, I would be embarrassed at this point. The manipulation is obvious. The evidence is coming in from all directions. . . . The manipulation is clear. When will it end? It will end when there is a physical shortage that pops up somewhere, or it will end with a short squeeze." "We are going to get a very large demand shock coming from China and India", said Rickards. "Let me explain those two cases. We have a brand new government in India, and they are going to repeal the import tax on gold. We also have the wedding season coming up. . . . So, India is set up for a very large surge in demand in the fourth quarter. Now, over to China, this is one of the things that it's happening faster than I originally thought. The credit collapse story is happening in real time. I said (in my book) this might be a 2015 event, but it looks like it is happening now. Defaults are piling up. We are seeing money rise. We're seeing people march down to the banks . . . trying to get their money back. . . . So, if they can't buy foreign stocks, domestic stocks, don't want to put their money in the bank and are getting out of real estate, then what's left? The answer is gold. . . . I see a demand shock coming from China. . . . You could see a scramble to buy gold. It is going on anyway, but you could see it accelerate. That will take down the manipulation. Once the markets prevail over the manipulators, then watch out." Rickards, Washington and Wall Street insider, is certain the collapse will happen. He is just not sure when it will happen. "It is the thing you won't see coming that will take the system down. Things happen much more quickly than what investors expect." "What will happen in gold is that it will chug along and then all of a sudden–boom. It will be up $100 an ounce, and then the next day it will be up another $200 an ounce. Then everyone will be on TV saying it's a bubble—boom. It's up $300 an ounce, and before you know it, it will be up $1,000 per ounce." "Then people will say gee, I better get some gold, and they'll find out they can't get it because the big guy will get it. You know, like central banks and sovereign wealth funds will be able to get the gold. The typical investor will run down to the coin shop and they will be sold out, and the U.S. Mint will say sorry, we're not shipping." "You're going to find out you can't get it because the whole thing is set up for massive shortages in supply." Rickards interview with Greg Hunter is well worth watching and can be seen here  |
| How to <b>buy gold bullion</b> bars - Buy in now before its too late <b>...</b> Posted: 26 May 2014 04:33 AM PDT
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| The Biggest (Manipulated) Disconnect Of All Time Posted: 29 May 2014 11:45 AM PDT  Nothing lasts forever but particularly unsustainable "systems" – be they natural, financial or otherwise. To wit, the earth's topography, temperature, inhabitants and cultures have come and gone countless times; as they will until the Earth is no more. Economically cycles are dramatically shorter than the aforementioned progressions measured in mere decades and years compared to epochs, millennia and centuries for the former. Humanity has little control over either – particularly "the weather," to the chagrin of the MSM. And irrespective of the means a culture chooses in its economic pursuits – be it capitalism, socialism or communism – their inherent flaws inevitably accelerate its demise. Throw in unforeseen circumstances like wars, natural disasters, and other "black swan" events and one can clearly see how fragile economic systems are. Prosperity is typically fleeting – and abused; and oftentimes as in 1928, 1999 and 2007 due more to artificial means – such as money printing – than actual progress. Today the economy is global for the first time in history; which along with its blessings has equally potent curses among them the inherent corruption when corporations and nations lobby for "privileges" that tap wealth to the minority at the expense of the majority. And in modern times the "Damocles Sword" of a global fiat currency regime that must mathematically fail. In the early stages of such regimes said "prosperity" is perceived as economies "charge up" their ill-begotten "credit cards." However in the later, terminal phase returns on incremental credit creation turn negative – as evidenced by stagnant economic activity, surging inflation, ineffective bureaucratic government, burgeoning social unrest and of course, the advancement of debt growth from mere arithmetic and geometric rates to parabolic. This is where we stand today; thus, explaining why TPTB have resorted to such draconian, desperate measures to survive. In other words, to offset the ongoing collapse of the global economy, an increasingly small "1%" is engaging in unprecedented levels of money printing, market manipulation and propaganda. Unfortunately the latter is no longer having the intended effect – as the recent Indian and Eurozone elections validate – as economic activity is freefalling the world round. And thus, their "final defense" has been entirely directed to accelerated money printing and market manipulation; in some cases overtly but to an increasing extent covertly. Fortunately such manipulations are starting to be uncovered at a record pace – including the taboo suppression of precious metal prices; and in time will be "called out" as forcefully as "recovery," "tapering," "de-escalation," and the rest of the current propaganda brigade. Reading yesterday of Austria demanding an audit of its official gold or Putin stating the necessity of China and Russia "ensuring the security" of their gold reserves is direct evidence that far larger forces are at play than mere "investor" opinions. And thus, when the Chinese Yuan hits a multi-year low as the President of its top property developer claims "the golden era for China's property market has passed," the "writing on the wall" couldn't be clearer; let alone, headlines like "BRICS' malaise deepens as South Africa nears recession"; "Wall Street finds new subprime with 125% business loans"; "Expect a tsunami of municipal bankruptcies"; "French jobless total hits new high in April" and "Draghi says rate cut and QE are options to fight deflation." Throw in ugly "signs of the times" like "Median CEO Comp Rises Over $10 Million For the First Time" and "The Mal-investment Boom In Coders" (describing massive growth in students of high frequency trading)," and one can tangibly feel the end game approaching. Not to mention, "Canadian Maple Leaf sales up a hefty 24% in the first quarter." To wit the only material overnight "news" – confirming what we wrote last week in "The Biggest Lie in History" – was that Japanese retail sales plunged by, get this, 13.7% in April (i.e., its largest monthly decline ever), following enactment of the catastrophic national retail sales tax that will inevitably force "Abenomics" to be expanded. Not to mention, after the Bloomberg Consumer Comfort Index printed at a six-month low, first quarter U.S. GDP growth was downwardly revised from +0.1% to -1.0% (or -3.0% excluding Obamacare "investment") well below expectations of a 0.5% decline, utilizing an historically low 1.3% deflator whilst the U.S. Foodstuffs index and average gasoline prices rose by 20% and 5%, respectively. On the flip side, weekly jobless claims were "better than expected" – in fact, falling to their lowest level since the 2007 bubble peak (hint, hint). However, as the world now knows well initial claims no longer have any impact on real employment – if anything, to its detriment.
In other words as noted yesterday by Charles Hugh-Smith, "Our Make It Look Good Economy" has failed – as exemplified by what we wrote in "The Most Damning Proof Yet Of QE Failure"; i.e., the Fed has not only failed to generate economic "recovery" after six years of hyper-monetary policy but conversely has destroyed the nation's finances, credibility and global economic standing. Said failure is screaming – loudly and clearly – in the action of the benchmark 10-year Treasury yield; which despite so-called "tapering" – which may or may not actually be occurring – has not only plunged beneath massive, year-long support at 2.6% but 2.5% and soon-to-be 2.4%; on a trajectory indicating the total erasure of last Spring's "pre-taper talk" gains.
Only this time around – with the ill-begotten Fed-created real estate "echo bubble" on its last legs there will decidedly NOT be a new up leg. To start, said bubble was principally focused in the rapidly dying "buy to rent" segment; as now that home affordability has plunged to multi-year lows, whilst rents have surged to all-time highs, there is nowhere for that segment to go but down. Next, throw in the utterly shocking data from this amazing article from David Stockman – of how only homes in the upper 1% price bracket have meaningfully increased in value, whilst the remaining 99% have not. And finally, the fact that mortgage rates are already at all-time lows – whilst household debt remains near all-time highs, and personal savings near all-time lows in a zero-growth economy, and one can see crystal clear just how dead in the water the Fed is. Ultimately, they must expand QE infinitely, just as Japan has done – but to what effect? Tomorrow, we'll explain why the result will be identically horrible; that is, if the dollar and Yen even survive.
 Red Fin And thus, today's principal topic i.e., the biggest (manipulated) disconnect in financial market history. In recent weeks, we have vociferously spoken of the epic bubbles in Western financial assets care of unprecedented money printing and market manipulation. Whether speaking of stocks, bonds, real estate (which, when purchased for short-term flipping effectively becomes a financial asset), currencies, and of course, precious metals the divergence between market "prices" and economic reality has never been greater. And we're not just speaking qualitatively but quantitatively as well, as we did in last month's "anatomy of a bubble." I'd love for someone to explain how the aforementioned headline, "BRICS' malaise deepens as South Africa nears recession" – coupled with historic mining labor unrest in a mining-centric economy – has translated to a record high Johannesburg stock market. Oh yeah, the same way a negative 1.0% GDP print, amidst record low labor participation and plunging bond yields has catalyzed a record high "Dow Jones Propaganda Average" or record unemployment, deficits and political uncertainty has catalyzed surging French stock prices; i.e., money printing, market manipulation and the implicit promises thereof. The warning signs of collapse –via either crash or hyperinflation – are everywhere. Yet, as in 1928, 1999, and 2007, few are even looking; particularly now as the only real owners of such assets are the "1%" deemed "too big to fail" by the politicians they lobby with ill-begotten gains. And thus, the fact that margin debt is nearly twice that of the 2000 top is ignored; as is the historic high in the bull-bear ratio, the ugly divide between declining corporate revenues and rising "earnings," the massive outperformance of low quality companies and high-risk sovereign bonds and the dissociation of traditional iron-clad relationships like those between stocks, Treasury yields, and "smart money" flows.  Business Insider  Zero Hedge Or for that matter, the blaring red signals emanating from countless "bubble barometers" – as Fed/PPT/ESF/Cartel money printing and market manipulation has essentially eliminated all market volatility with the only remaining "volume" emanating solely from the high frequency algorithms rigging markets.  Zero Hedge  Zero Hedge And then of course there are precious metals. There's no disputing global physical demand hit an all-time high in 2013 and is on pace to break that record in 2014. Nor that physical supply has peaked en route to a guaranteed catastrophic crash due to surging exploration, development and production costs amidst a capital-starved environment caused by the massive losses and spending cuts resulting from paper prices having been smashed well below gold and silver's respective costs of production. Let alone, the $1,500+ and $30+/oz. levels, respectively, required to sustain a dramatically depleting industry in the coming years as worldwide physical demand relentlessly rises. In my 12 years of following precious metals tick-for-tick – and likely, David Schectman's three decades – never have I seen such a disconnect between fundamentals and reality on such a comprehensive worldwide scale. Sure, this was the case for a few weeks in late 2008 – when the government aggressively attacked paper PMs to "disprove" their worth as safe havens; in the process, inadvertently creating massive physical shortages. That dislocation quickly resolved itself with dramatically higher prices; however, the current "dislocation event" dates back to the April 12th, 2013 "closed door meeting" between Obama and the top 15 "TBTF" CEOs preceding a two-day raid challenged only by the May 1st, 2011 "Sunday night paper silver massacre" – when TPTB trotted out an unsubstantiated bin Laden capture story during thin, holiday-closed Chinese trading hours no less to quash surging silver prices; and of course, September 6th, 2011's "Operation PM Annihilation I" – when just hours after gold achieved an all-time high, and the Swiss National Bank devalued the Franc by 7%, PM prices were mysteriously trashed. In other words, we are now three years into the "beginning of the end" of the "New York Gold Pool"; during which global debt, unemployment and inflation have surged to historic highs, whilst GDP has plunged, social unrest exploded and countless currencies crashed. Hopefully this articles helps you understand just how wide the gap is between government supported "markets" and economic and financial reality particularly as regards the asset class most likely to protect you from the inevitable "re-connect" in the coming years – or perhaps, months or even weeks. Similar Posts: |
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