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Sell gold | BofA Blasts Sell Bonds, Sell Gold, Buy Dollars | Zero Hedge

Sell gold | BofA Blasts Sell Bonds, <b>Sell Gold</b>, Buy Dollars | Zero Hedge


BofA Blasts Sell Bonds, <b>Sell Gold</b>, Buy Dollars | Zero Hedge

Posted: 22 Jun 2014 11:08 AM PDT

"After several weeks, Gold is setting up for a sell, US Treasuries are set to resume their bear trend, and the USD is set to resume its bull trend. Get ready..." is the ominous warning BofAML's Macneil Curry sets forth in his technical treatise this weekend. Despite the plethora reasons for rates to go lower for longer (and treacherous market conditions expected ahead) and the various fundamental and technical drivers of recent precious metals strength, Curry says it's time.

Via BofAML's Macneil Curry,

Over the course of the past several weeks, some of our core views and themes have fallen into short term corrective mode. Specifically, we are referring to our bearish US Treasury view and our bullish US $ view (most notably against €, CHF and many EMFX, as well as gold and silver). In the week ahead, we look for these trends to re-emerge and do so in a manner that should provide some excellent low risk, high reward trade setups. Beginning with US Treasuries, we likely look to sell 10yr notes into the 2.53%/2.49% zone for the Apr-04 highs at 2.82% and beyond. In FX, we will likely look to re-initiate €/$ shorts into the 1.3676/3735 zone for a resumption of its medium, potentially long term bear trend and in $/ZAR we will likely look to re-buy near the 50d (10.5357) for a resumption of its long term bull trend and new 2014 highs (now 11.3915). Finally, gold is fast approaching the 1334/72 topping zone from which we look for significant weakness to and through 2013 lows at 1180.

Chart of the week: US 10yr Treasury yields to resume higher

In our view, the bear trend is about to resume. Intra-day charts say the 2wk consolidation is in its final stages. We will likely look to sell one last push lower, ideally to 2.53%/2.49%, for a resumption of the larger bull trend to 2.82% & beyond. 

Get ready to sell EURUSD...

The choppy range of the past several weeks has been frustrating, but now evidence says the medium, if not long term bear trend is about to resume. We will likely look to go short on one last squeeze to 1.3676/1.3735 for a resumption of the larger downtrend to 1.3104 and below. NOTE: we may also look to buy $/CHF

...and buy USDZAR

The impulsive advance (seen clearly on intra-day charts) following the test and hold of the 50wk avg/3yr t/line (10.3867/10.3778) says that $/ZAR has resumed its l/term uptrend. We will look to re-enter longs into the 50d (10.5337) for new 2014 highs

Setting up for a sell in gold

In last week's KrystalBull we wrote that "the medium term trend has turned higher" for gold but that "gold bulls should not get too enthusiastic. AT BEST, we think it can reach the 1334/1374 area (measured move and yearlong contracting range highs) before topping and substantial weakness". The strength of last week's move caught us off guard and says that the 1334/1374 topping zone could be reached much more quickly than anticipated. We will look to go short into this zone. As can be seen from the chart below, gold is close to resuming its almost 3yr downtrend after a year of consolidation, with targets seen for a test and break of the 2013 lows at 1180.

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Trade accordingly...

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Now you can buy or <b>sell gold</b> through BullionIndia App for Android

Posted: 24 Jun 2014 09:06 AM PDT

BullionIndia.in, the online platform for buying and selling Gold at wholesale market rates has launched an Android app to make trading easy for the investors on the go.

The yellow metal has always been an ideal investment choice and with the advent of e-investment of metals in electronic format, trading on Gold and Silver has found a sizeable new-age investors.  Bullion India gives even small investors opportunity to invest /trade in Gold as low as 0.1 gm of Gold and 1 gram of Silver. The app allows the investors to buy, sell, request withdrawal, access their account history and monitor their account balance. Further, the app gives real-time live prices of Gold and Silver. At favourable price points, one can place real time market orders.

  • Keep updated with real time Gold and Silver price
  • Place real time market orders
  • Buy, sell, request withdrawal of your investments
  • Keep a tab of account history and balance

Ben Folds May Be Forced to Vacate RCA Studio A, Pens Open <b>...</b>

Posted: 24 Jun 2014 01:23 PM PDT

Power-pop piano man and local resident Ben Folds has operated Nashville's historic RCA Studio A — the 5,000-square-foot live room founded by Chet Atkins and Owen Bradley, where the likes of Elvis Presley, Dolly Parton, Jimmy Dean and Eddy Arnold cut many of their classics — for the past 12 of its nearly 50 years of operation.

But now the famed studio's future is uncertain, as the old RCA Building housing the studio on Music Row is likely to be sold, reportedly to a Brentwood developing company. This is according to a rather lengthy, impassioned open letter Folds — who says he's spent more than $1 million as the space's tenant and caretaker — penned (and sent to the Scene via his publicist) to the city of Nashville and the building's potential new owners.

Read Folds' letter in full after the jump.

Dear Nashville,

Last week, on the day that would have been Chet Atkins' 90th birthday (June 20, 1924), my office received news that the historic RCA Building on Music Row is likely to be sold. This building, with the historic Studio A as its centerpiece, was Atkins' and Owen Bradley's vision and baby, and had become home to the largest classic recording space in Nashville. Word is that the prospective buyer is a Brentwood, TN-based commercial development company called Bravo Development owned and operated by Tim Reynolds. We don't know what this will mean to the future of the building.

First off, kudos to the estates and descendants of Atkins and Bradley for doing their best to keep the building alive. They've owned the property all these years and could have at any point closed it up or mowed it down. Sadly, it's what happens in the name of progress.

Studio A, which turns 50 years old next year, has a rich history. Here are just some of the artists and groups who have made hits here:

Peter Bradley Adams, Gary Allan, Brent Anderson, Anika, Arlis Albritton, Asleep at the Wheel, The Beach Boys, Ben Folds Five, Tony Bennett, Amy Black, Jason Blaine, Blind Boys of Alabama, Joe Bonamassa, Wade Bowen, Eden Brent, Jim Brickman, The Brothers Osborne, Rachel Bradshaw, Brentwood Benson, David Bullock, Laura Bell Bundy, Ken Burns, The Canadian Tenors, The City Harmonic, Steven Curtis Chapman, Chocolate Horse, Brandy Clark, Brent Cobb, Jesse Colter, Elizabeth Cook, Wayne Coyne, Margaret Cho, Billy Currington, Matt Dame, Danae, Ilse DeLange, Rebecca de la Torre, Steve Earle, ESPN, Jace Everett, The Fabulous Headliners, Dani Flowers, Danny Flowers, Colt Ford, The Frog Sessions, Eleanor Fye, Cami Gallardo, Billy Gibbons, Sarah Gibson, Vince Gill, Alyssa Graham, Peter Groenwald, Harlan Pepper, Harper Blynn, Connie Harrington, Hunter Hayes, John Hiatt, Faith Hill, JT Hodges, Adam Hood, James House, Sierra Hull, Alan Jackson, Joe Jackson, Casey James, Jenny Jarnigan, Jewel, Jamey Johnson, Josh Jones, Kristin Kelly, Kesha, Anna Krantz, Ben Kweller, Lady Antebellum, Miranda Lambert, Sonny Landreth, Samatha Landrum, Mark Lanigan, Stoney LaRue, Jim Lauderdale, Frank Liddell, LIfeway, Meagan Lindsey, Longmont All Stars Jazz Band, Lyle Lovette, Luella and the Sun, Tayla Lynn, Amanda Palmer, John Pardi, Rich Parkinson, Alan Parson, Charlie Pate, Kellie Pickler, Pistol Annies, Pretty Lights, Mike Posner, Sean McConnell, Scotty McCreery, Kate Miller Heidke, Ronnie Milsap, Miss Willie Brown, Danny Mitchell, Allison Moorer, Kacey Musgraves, Musiq Soulchild, David Nail, the Nashville Symphony, Jerrod Neimann, Willie Nelson, Joe Nichols, Sierra Noble, Natalie Noone, The Oakridge Boys, Jake Owen, Rainfall, Johnny Reid, Thomas Rhett, Lionel Richie, The Robertson Family, Henry Rollins, Shannon Sanders, Jader Santos, Alejando Sanz, Mondo Saez, Kate Schrock, Bob Seger, Sera B., Brian Setzer, Nikki Shannon, William Shatner, SHEDaisy, Jordyn Shellart, Joel Shewmake, Sleeping With Sirens, Jake Shimabukuro, Mike Shipp, Kevin Shirley, Anthony Smith, Joanna Smith, Dr. Ralph Stanley, Chelsea Staling, Steel Magnolia, Tate Stevens, Jay Stocker, Rayburn, RED, RockIt City, Jeff Taylor, Justin Towns Earle, Josh Thompson, Those Darlins, Josh Turner, Bonnie Tyler, Carrie Underwood, Keith Urban, Ben Utecht, Phil Vassar, Venus and the Moon, Andy Victor, Amanda Watkins, Chuck Wicks, Hank Williams Jr., Williamson Country Youth Orchesta, Alicia Witt, Lee Ann Womack, Word Entertainment, and Charlie Worsham.

I had no idea of the extent of legacy of this great studio until I become the tenant of the space 12 years ago. Most of us know about Studio B. Studio A was its grander younger sibling, erected by Atkins when he became an RCA executive. The result was an orchestral room built to record strings for Elvis Presley and to entice international stars to record in one of these four Putnam-designed RCA spaces in the world. The other three RCA studios of the same dimensions — built in LA, Chicago and New York — have long since been shut down. I can't tell you how many engineers, producers and musicians have walked into this space to share their stories of the great classic recorded music made here that put Nashville on the map. I've heard tales of audio engineers who would roller skate around the room waiting for Elvis to show up at some point in the weeks he booked, stories about how Eddy Arnold recorded one of the first sessions in the room that included the song "Make The World Go Away," about Dolly Parton's recordings and mixes here (Jolene, etc), of The Monkees recording here, and so on. Legendary songwriter John D. Loudermilk and his bride were serenaded by a session orchestra hired by Atkins who were recording there for an artist. He recalled that they danced all the way to the loading doors and into their wedding limo, reminiscing about the beautiful floor tiles which still line the entire space. He co-wrote countless numbers of songs with Atkins and many others in this studio.

To this day, Studio A remains a viable, relevant and vibrant space. In recent years these artists and filmmakers have recorded or worked here, to name a few:

Sara Bareilles, William Shatner, Kacey Musgraves, Jewel, Brian Setzer, Ken Burns, Kesha, The Beach Boys, Wayne Cohen, Tony Bennett, Willie Nelson, Kellie Pickler, Hunter Hayes, Charlie Worsham, David Nail, Jamey Johnson, Joe Bonamassa, Word Music, Gary Allan, and me..

While we Nashvillians can feel proud about the overall economic progress and prosperity we're enjoying, we know it's not always so kind to historical spaces, or to the legacy and foundation upon which that prosperity was built.

My motivation for spending over a million dollars in rent and renovations over these past 12 years was simple. I could have built my own space of the same dimensions with that kind of investment. But I'm a musician with no interest in development or business in general. I only want to make music in this historic space, and allow others to do the same. I've recorded all over the world and I can say emphatically that there's no recording space like it anywhere on the planet. These studio walls were born to ring with music. I just wanted to keep it alive.

Before the news of the sale I had been in recent talks with other entities on how we could collaborate on allowing visitors to Music City to see the space firsthand and hear its rich history, while also making sure that it stays busy making music history of tomorrow. No one can say now what will become of that idea.

Selfishly I'd like to remain the tenant and caretaker of this amazing studio space. I love it. But if I must let it go in the interest of change, my only hope is that it remain intact and alive. A couple of years ago my co-manager, Sharon Corbitt House, promised the late, great producer Phil Ramone, while he was in town recording Tony Bennett and an orchestra LIVE in this space, that she would do what she could to keep the studio doors open. Ramone had watched the former New York RCA studio transform into office space for the IRS and couldn't bear to see the last of this incredible acoustic design fade away.

So here's where we're coming from. Historic RCA Studio A is too much a part of why such incredible business opportunities exist in 2014 in Nashville to simply disappear. Music City was built on the foundation of ideas, and of music. What will the Nashville of tomorrow look like if we continue to tear out the heart of the Music Row that made us who we are as a city? Ultimately, who will want to build new condos in an area that has no central community of ideas or creatives?

We are Music City - the only city in the world truly built on music.

My simple request is for Tim Reynolds or whoever the next owners might be of this property, before deciding what to do with this space, to take a moment to stand in silence between the grand walls of RCA Studio A and feel the history and the echoes of the Nashville that changed the world. I'd like to ask him and other developers to listen first hand to the stories from those among us who made the countless hit records in this studio — the artists, musicians, engineers, producers, writers who built this rich music legacy note by note, brick by brick.

I don't know what impact my words here will have on anything. But I felt the need to share, and to encourage others who also care about preserving our music heritage to speak up as well.

I believe that progress and heritage can co-exist in mutual respect. Maybe this time we can at least try to make the effort.

Yours,
Ben Folds

Fantastic Tips About <b>Gold</b> That Are Simple To Understand <b>...</b>

Posted: 25 Jun 2014 05:04 AM PDT

Learning how one should invest in gold will be a critical skill for all investors. It's key to diversify, and gold is there to balance your portfolio. Investing in gold can seem intimidating. There are lots of options and it can be hard to decide. Read this article to learn more about investing in gold.

Do not dabble in the gold market until you are familiar with pricing of precious metals. Prices of precious metals fluctuate everyday, so pick a day to check on the spot price before you buy or sell. You may be required to spend more on melt values if you are working with fractional pieces. You might pay more for something that is 0.25 ounces versus something that is 1 ounce.

TIP! Investigate the reputation of any firm you are considering doing business with. Check with the BBB and look at reviews online before you sell your gold to a buyer.

Think about selling your gold online. You don't need to visit an actual store to do this. You can also choose to use an independent online site to that specializes in buying gold. They'll mail you a kit which you use to send them the gold. They end up paying you once they receive it, but they usually won't pay you a lot.

The high price of gold may give you the idea that gold-filled or gold-plated jewelry is better. However, don't feel that to buy gold of real value you need to pay a high price in a fine jewelry store. Find cheap gold in pawn shops or online.

TIP! It is crucial that you have a solid idea about how the gold and precious metals market works. Silver, gold and platinum prices vary from day to day, so spot check a price on the day you plan to do business.

Be sure you research a company before sending them gold in the mail. Find out when you can expect your payment, and make sure you insure your package. Take a snapshot of everything that you send in the mail for security.

Get an appraisal if you have no idea what value your gold holds. This requires a bit of an investment, but it is worthwhile. An independent appraiser should be used in order to receive the best value. If you do want to sell the gold, understand you won't be offered full value it was appraised for.

TIP! You can get varying prices depending on how you sell it. Usually, you will only get the melt value from both private sellers and pawn shops.

If selling gold using a mail service, find out how much shipping will be. A lot of companies say they offer free shipping, but if you refuse their offer they charge a great deal. Realize in advance that you're out money to get back your jewelry.

If you want to sell gold, make sure the buyer has a state license allowing them to do so. While you could still get ripped off, a licensed buyer is more likely to be reputable. There is a lot of competition out there, so you can sell to someone else if you're not happy with the first offer.

TIP! Sell only to gold buyers who are licensed by the state. A buyer who is licensed is likelier to be legitimate.

GoldMoney can be a good resource when buying gold. It's like opening a bank account which trades in gold. With this service the money in your account is converted into gold. Although you own the gold, it remains stored securely in the company's vaults. You can sell it, portion it out, or even (given the right conditions) arrange to take deliver of it yourself.

There are many unexpected places to find gold, including thrift stores and antique shops. You can find bargains in those places when you're aware of what you want. Lots of folks are unaware of the value of the items they donate to these places. You can take advantage of this if you just know what to look for.

TIP! A lot of times, the earring posts are made from solid gold even though the earring may not be. Necklace clasps and ring bands are usually real as well.

Before selling your gold, comparison shop. The chances are good that you will get completely different offers for your gold. If you accept the first deal offered to you, you might be sorry. Spend a bit of time on the front end so you get the most profit out of the transaction.

A fast, cheap way to test for gold's authenticity is to use magnets. Gold and other real precious metals aren't attracted to magnets. In some cases, only an item's clasp is solid gold, while the remainder is merely plated. You can test your jewelry this way.

TIP! Look at the BBB before selling gold to jewelers, dealers, gold buyers, and the like. You may find complaints that have been listed by the customers who feel slighted.

Many times the backs of earrings are solid gold, even if the earring itself is not solid. This is true of earring backings, necklace clasps and the bands of rings. Since these items are so small individually, it's best to sell them together in a larger lot. That means they are collected into an assortment that can bring a better price together.

When you go to a dealer, make sure to read all forms clearly. This is not a small-change type of business; there is big money involved. Always understand anything you're placing your signature on. Move on if their terms don't meet your needs. It's better to walk away and find another deal than run any risk to your personal information or financial wellness.

TIP! You don't have to own gold to invest in it. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities.

Have some idea of who you are selling to. To ensure you're dealing with someone legitimate, do some research with the BBB. By contacting the BBB, you can see if they have any complaints against them. Even if you feel a pull toward a particular company, it's a good idea to move on to a different dealer if they have any unsettled complaints on file.

Make sure you understand the buyback policy of your seller. While you must pay a premium to some gold buyers who resell your gold, you may find others who do not charge a premium. Think of the logistics involved in mailing heavy packages of gold coins or bars to a dealer in another part of the country. You don't want to purchase gold only to leave it with the dealer.

TIP! Sending your gold away via postal mail is one option for selling it. It's an easy and quick way to sell your gold.

Understanding how to invest wisely in gold is essential to having a bright financial future through portfolio diversity. After reading this article, you should be prepared to make good choices. You are ready to get started as you follow the things you've learned here.

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