Apr 15

gold-bars-111

- Chinese Checkers with Gold Prices (Euro Pacific Capital, April 10, 2014):

For decades many of us in the hard money world have speculated that cloak and dagger activity by large financial interests has played a large role in determining performance in the gold market. The focus of this alleged manipulation is believed to be in the London market, and has been widely referred to as “The London Fix.” However those who have blown the whistle have been dismissed as alarmists, gold bugs, conspiracy theorists or worse. But recent revelations should bring us closer to the truth.

Continue reading »

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Apr 05

Worlds-biggest-gold-coin-Australian-Kangaroo-1-Ton

- The Screaming Fundamentals For Owning Gold (Peak Prosperity, April 4, 2014):

This report lays out the investment thesis for gold. Silver is mentioned only where necessary, as a separate report of equal scope will be forthcoming on that topic. Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it will perform well. Timing and logic for both entering and finally exiting gold as an investment are laid out in the full report.

The punch line is this: Gold (and silver) is not in bubble territory, and its largest gains remain yet to be realized; especially if current monetary, fiscal, and fundamental supply-and-demand trends remain in play.

Introduction

Continue reading »

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Apr 05

“Damn!”

“Where is the Pakistani ‘Gordon Brown’ when you need him?”

“Invade!”

“Oh, wait a minute …

… they DO have nukes.”


Gold-gold-GOLD
According to the IMF’s staff report, the State Bank of Pakistan holds over 2 million troy ounces of monetary gold, having $2.7 billion value at market rate.

- Boosting forex reserves: Pakistan refuses to sell $2.7b worth of gold says IMF (The Express Tribune, March 29, 2014):

ISLAMABAD: Pakistan has refused to sell gold worth $2.7 billion, citing national security reasons, as the International Monetary Fund (IMF) pushes Islamabad to convert the precious metal into cash to build foreign currency reserves, revealed the global lender’s report on Friday.

The report, prepared by IMF’s staff led by its Washington-based Mission Chief to Islamabad Jeffrey Franks, also spills the beans on the ‘$1.5 billion gift’ to Pakistan by ‘Saudi Arabia’ – the name Prime Minister Nawaz Sharif’s government has so far refused to officially share with parliament.

Continue reading »

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Apr 05

- Soaring Chinese Gold Demand And Its Geopolitical Strategy (ZeroHedge, April 5, 2014):

Geopolitical and market background

I have been revisiting estimates of the quantities of gold being absorbed by China, and yet again I have had to revise them upwards. Analysis of the detail discovered in historic information in the context of China’s gold strategy has allowed me for the first time to make reasonable estimates of vaulted gold, comprised of gold accounts at commercial banks, mine output and scrap. There is also compelling evidence mine output and scrap are being accumulated by the government in its own vaults, and not being delivered to satisfy public demand.

The impact of these revelations on estimates of total identified demand and the drain on bullion stocks from outside China is likely to be dramatic, but confirms what some of us have suspected but been unable to prove. Western analysts have always lagged in their understanding of Chinese demand and there is now evidence China is deliberately concealing the scale of it from us. Instead, China is happy to let us accept the lower estimates of western analysts, which by identifying gold demand from the retail end of the supply chain give significantly lower figures.

Continue reading »

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Apr 04

Related info:

- The Importance Of Owning Your Own Bullion And Storing It Outside The Banking System

- States Seize Citizens’ Safe Deposit Boxes To Balance Their Budgets (ABC News Video)

- US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

- James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

- Roosevelt Gold Confiscation In 1933: ‘No American Could Visit A Safe Deposit Box For Some Time Without A Government Agent Accompanying Him’


deposit-boxes

Original article in German down below.

Google translation:

- EU wants to deposit crack (MMNews, March 31, 2014):

Secret paper: Brussels plans this summer to allow EU-wide open all the boxes by force. . Reason: In addition to cash tax evasion investigators also search for precious metals – EU Finance Commissioner. “He who has nothing to hide, you need fear nothing.” Green: “An important step toward tax fairness and social justice.”

Holders of safe deposit boxes in banks threatens Affliction. According to a secret document Brussels wants to still be in this year Open all lockers EU-wide force. Preparations are already in full swing. By the summer of the action should be carried out with the name “lockbox2014″. Background: The EU Commission suspected there billions in black money and other valuables that were probably acquired illegally. In addition to cash it have apart on precious metals like gold and silver to the authorities.

Continue reading »

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Apr 04

crash-dollar

- US Threatens Russia Over Petrodollar-Busting Deal (Zerohedge, April 4, 2014):

On the heels of Russia’s potential “holy grail” gas deal with China, the news of a Russia-Iran oil “barter” deal, it appears the US is starting to get very concerned about its almighty Petrodollar

  • *U.S. HAS WARNED RUSSIA, IRAN AGAINST POSSIBLE OIL BARTER DEAL
  • *U.S. SAYS ANY SUCH DEAL WOULD TRIGGER SANCTIONS
  • *U.S. HAS CONVEYED CONCERNS TO IRANIAN GOVT THROUGH ALL CHANNELS

We suspect these sanctions would have more teeth than some travel bans, but, as we noted previously, it is just as likely to be another epic geopolitical debacle resulting from what was originally intended to be a demonstration of strength and instead is rapidly turning out into a terminal confirmation of weakness.

As we explained earlier in the week,

Russia seems perfectly happy to telegraph that it is just as willing to use barter (and “heaven forbid” gold) and shortly other “regional” currencies, as it is to use the US Dollar, hardly the intended outcome of the western blockade, which appears to have just backfired and further impacted the untouchable status of the Petrodollar.

If Washington can’t stop this deal, it could serve as a signal to other countries that the United States won’t risk major diplomatic disputes at the expense of the sanctions regime,”

And here is Voice of Russia,Russia prepares to attack the Petrodollar:

The US dollar’s position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away.

The existence of “petrodollars” is one of the pillars of America’s economic might because it creates a significant external demand for American currency, allowing the US to accumulate enormous debts without defaulting. If a Japanese buyer want to buy a barrel of Saudi oil, he has to pay in dollars even if no American oil company ever touches the said barrel. Dollar has held a dominant position in global trading for such a long time that even Gazprom’s natural gas contracts for Europe are priced and paid for in US dollars. Until recently, a significant part of EU-China trade had been priced in dollars. Continue reading »

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Apr 03

This just looks like more disinformation coming from Sorcha Faal (WhatDoesItMean.com).

 ’Project Double Eagle’?

This is what comes up @Google:

Project Double Eagle

The elitists are really plotting how to best launch their New World Order …

Medvedev shows off sample coin of New ‘World Currency’ at G-8:

Medvedev-at-G8-Future-World-Currency

medvedev-world-currency-coin

new-world-currency-coin

… but before they can launch their NWO they want to create total chaos and destroy us utterly and totally.

The elitists usually play both sides of the chess board, ….

obama-satanic-salute-handsign king-abdullah-putin-handsign

… and actually they view the entire world as THEIR chess board …

alex-jones-handsign  Bono_satanic_handsign

And if they even control one of the very few voices of sanity on the planet …

ron_paul_satanic_salute

ron-paul-handsign

masonic-handshake

Ron_Paul_Masonic_handshake_2

… then we are indeed in big, big trouble.

Picture from the Satanic Bible
satanism-666
This is a handsign of the devil worshippers (goat horns).

Horned Hand or The Mano Cornuto: this gesture is the Satanic salute, a sign of recognition between and allegiance of members of Satanism or other unholy groups.

Anton Lavey, Founder of the 'Church of Satan'
Anton Lavey, founder of the Church of Satan

So let’s all better be very careful who we trust.

We cannot wait for some party, group or messiah to change and save the world.

We have to do it ourselves, one step at the time…

… and we have to start with ourselves and with that we really will be changing the world.

“We must learn to live together as brothers or perish together as fools.”
- Martin Luther King, Jr.

“To the mind that is still, the whole universe surrenders.”
- Lao Tzu

“The way is not in the sky. The way is in the heart.”
- Buddha

“If you knew how much work went into it, you wouldn’t call it genius.”
- Michelangelo

“Here is the test to find whether your mission on Earth is finished: if you’re alive, it isn’t.”
- Richard Bach


Vladimir Putin

- Furious Putin Orders “Project Double Eagle” To Destroy US, EU Economies (WhatDoesItMean.com):

By: Sorcha Faal, and as reported to her Western Subscribers

In one of its most shocking reports since the beginning of the Ukrainian Crisis, the Ministry of Foreign Affairs (MoFA) is warning today that President Putin has ordered the immediate implementation of “Project Double Eagle,” which when fully realized will cause all global energy supplies to be purchased in gold thus, in effect, ending the US Dollar reign as the global reverse currency and collapsing both the United States and European Union economies.

“Project Double Eagle,” this report says, calls for The Central Bank of the Russian Federation (CBR) to begin production of 5 Ruble Gold Coins containing .1244 Troy Ounces of .900 Pure Gold, with a diameter of 18mm, emblazoned with a shielded and crowned double eagle, and which will become the worlds alternative to both the US Dollar and Euro in purchasing energy supplies.

Continue reading »

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Mar 29

- THE U.S. IS LIKE A SHIP WITH NO LIFEBOATS (The Burning Platform, March 29, 2014):

Excellent article from Hugo Salinas Price

about the debased dollar, gold and the suicidal bankers who will destroy the world.

The Dollar Cannot Be Devalued and Suicidal Bankers

Hugo Salinas Price

“If the U.S. inflates and devalues the dollar, gold will go much higher in price”  Jim Rickards. (See here).

The last dollar devaluation took place under President Roosevelt in 1934, when from being worth 1/20.67th of an ounce of gold in 1933, the dollar was devalued to 1/35th of an ounce of gold.

Continue reading »

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Mar 25

Related info:

- First Civilisation on Earth Discovered in Southern Africa:

Scholars have told us that the first civilisation on Earth emerged in a land called Sumer some 6000 years ago. The persistent research by South Africans Michael Tellinger, Johan Heine and a team of leading scientists, over an extend seven-year period, has resulted in astonishing new archaeological and scientific discoveries. It shows that the Sumerians and even the Egyptians inherited all their knowledge from an earlier advanced civilisation that lived at the southern tip of Africa more than 200,000 years ago… mining gold.

Continue reading »

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Mar 25

goldquake

- Are They Fracking for Gold? (Zen Gardner, March 21, 2014):

This is revelatory. Not only could it co-explain the voracious fracking campaign being waged on the planet, but perhaps even the utilization of HAARP-type technology to create earthquakes in many parts of the world.

It would make a lot of sense. That our planet is being “undermined” is no secret. The wanton destruction of our home is unfathomable. While oil and gas extraction appears to be the primary goal of fracking, this research tells us somewhat of a different, potential reason.

See for yourself if this doesn’t make you wonder: Continue reading »

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Mar 25

stacks-of-gold-bars-close

- Iraq Buys Massive 36 Tonnes Of Gold In March (GoldCore, March 25, 2014)

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Mar 23

FYI.


- Forget Russia Dumping U.S. Treasuries … Here’s the REAL Economic Threat (ZeroHedge, March 21, 2014):

Russia threatened to dump its U.S. treasuries if America imposed sanctions regarding Russia’s action in the Crimea.

Zero Hedge argues that Russia has already done so.

But veteran investor Jim Sinclair argues that Russia has a much scarier financial attack which Russia can use against the U.S.

Specifically, Sinclair says that if Russia accepts payment for oil and gas in any currency other than the dollar – whether it’s gold, the Euro, the Ruble, the Rupee, or anything else – then the U.S. petrodollar system will collapse:

Continue reading »

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Mar 22

Gold-bars-and-coins

- How China Imported A Record $70 Billion In Physical Gold Without Sending The Price Of Gold Soaring (ZeroHedge, March 22, 2014):

A little over a month ago, we reported that following a year of record-shattering imports, China finally surpassed India as the world’s largest importer of physical gold. This was hardly a surprise to anyone who has been following our coverage of the ravenous demand for gold out of China, starting in September 2011, and tracing it all the way to the present.

China Gold Gross impors

China’s apetite for physical gold, which is further shown below focusing just on 2012 and 2013, has been estimated by Goldman to amount to over $70 billion in bilateral trade between just Hong Kong and China alone.

China gross vs net

Yet while China’s gold demand is acutely familiar one question that few have answered is just what is China doing with all this physical gold, aside from filling massive brand new gold vaults of course. And a far more important question: how does China’s relentless buying of physical not send the price of gold into the stratosphere.

We will explain why below. Continue reading »

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Mar 21

- Goldman Doubles Down Its Hate On The Best Performing Asset Of 2014: Gold (ZeroHedge, March 21, 2014):

As gold completes its golden cross today and remains by far the best-performing asset of 2014, we thought it intriguing that Goldman Sachs’ commodity group would issue a strong “sell your gold” recommendation… of course, when Goldman’s clients are selling, who is buying? As a reminder, the last time the bank was extremely bearish on gold (about a year ago), our skepticism at the time was well warranted as Goldman was in fact the largest buyer of gold in the following quarter.

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Mar 21

- Gold Completes Golden Cross (ZeroHedge, March 21, 2014):

For the first time in 13 months, gold’s 50-day moving-average is above its 200-day moving-average. This so-called “golden cross” occurred in Feb 09 before gold surged over 100% in the following years (but also occurred ‘falsely’ in September 2012.

Gold Completes Golden Cross

Some technicians are reflcting on the last big run that gold had…

Gold Completes Golden Cross-2

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Mar 17

ubs-bandits

- UBS Investigated For Gold Manipulation Suggesting Gold Inquiry Goes Beyond London Fix (ZeroHedge, March 17, 2014):

The last time the FT penned an article on the topic of gold manipulation, titled “Gold price rigging fears put investors on alert” it was promptly taken down without much (any) of an explanation. Luckily, we recorded the article for posterity here. Earlier today, another article on the topic appears to have slipped through the cracks of the distinguished editors of the financial journal that enjoys the ad spend of the status quo, when it reported that “Gold pricing scrutiny widens”, hardly an update that will take the world by storm, however it is notable that “even” the FT, where for years goldbugs claiming gold manipulation had been ridiculed, is finally start to admit the glaringly obvious.

In this case, the FT looks at one of the most habitual and recidivist manipulators of practically every asset class that the market has ever known, Swiss bank UBS, better known as the rat that is allegedly perfectly happy to expose all other manipulators in exchange for immunity, and focuses on the Friday’s admission by UBS in its 2013 annual report: “that a review of its foreign exchange operations has been widened to include its precious metals business. In the report, the Swiss bank said: “Following an initial media report in June 2013 of widespread irregularities in the foreign exchange markets, UBS immediately commenced an internal review of its foreign exchange business, which includes our precious metals business.

Continue reading »

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Mar 13

)
YouTube Added: Mar 11, 2014

Description:

Economist Dr. Paul Craig Roberts says, “The physical stock of gold in the West to meet delivery demand is diminishing rapidly. So, one day the Chinese will buy 100 tons of gold, and we won’t be able to make delivery. That would crash the system. It would just pop. So, there are things that could crash it suddenly. Regardless . . . the economy is going to gradually sink because there are no jobs, or no good jobs. . . So, there is not a recovery. The U.S. is a busted state. It’s completely busted.”

Continue reading »

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Mar 11

- Was The Price Of Ukraine’s “Liberation” The Handover Of Its Gold To The Fed? (ZeroHedge, March 10, 2014):

A curious story, and one which should be taken with a mine of salt, has surfaced out of the pro-Russian newspaper Iskra, which reports – so far on an entirely unsubstantiated basis – that last Friday, in a mysterious operation under the cover of night, Ukraine’s gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US.

From the source:

Tonight, around at 2:00 am, an unregistered transport plane took off took off from Boryspil airport.

According to Boryspil staff, prior to the plane’s appearance, four trucks and two cargo minibuses arrived at the airport all with their license plates missing. Fifteen people in black uniforms, masks and body armor stepped out, some armed with machine guns. These people loaded the plane with more than forty heavy boxes.

Continue reading »

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Mar 01

- Gold Price “Manipulated For A Decade”, Repeatedly Slammed Lower, Bloomberg Reports (ZeroHedge, Feb 28, 2014):

While the FT promptly retracted an article on precisely the topic of gold manipulation from earlier this week (recorded for posterity here), Bloomberg appears to not have had the same “editorial” concerns and pressures, and today released an article once again slamming the final conspiracy theory that while every other asset class is manipulated, gold is in a pristine class of its own, untouched by close-banging, price fixing traders or central bankers, and reports that “the London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.

Of course, over the past 5 years we have reported time and again how official gold manipulation started in earnest some time in the 1960s (who can forget the “reshuffle club”) but we will start with a decade.

Here is what BBG finds:

Continue reading »

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Feb 26

Bitcoin

- The Collapse Of Bitcoin (Economic Collapse, Feb 25, 2014):

Bitcoin is a virtual currency that has no intrinsic value.  The only thing giving bitcoin value is the faith that people have in it, and now that faith has been shattered.  This week, the most prominent bitcoin exchange in the entire world, Mt. Gox, totally collapsed.  At one time, Mt. Gox boasted more than a million accounts and it accounted for approximately 25 percent of all global bitcoin trading.  But now the website has been taken down, there are rumors of catastrophic losses, and many investors are concerned that they will lose all of their money.  In fact, according to one report, investors could be facing total losses of up to 367 million dollars.  The collapse of Mt. Gox is also affecting other bitcoin exchanges.  As I write this, the market value of bitcoin had fallen to about $470, but just three months ago it was trading close to $1,200.  Needless to say, a lot of bitcoin investors are going to be licking their wounds tonight.

I have never written much about bitcoin because I never believed in it.  Personally, I have always preferred to stick to silver and gold.  But I can’t blame people for wanting to create a monetary system that worked outside of the central bank-controlled paradigm that we have today.

Continue reading »

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Feb 26

- California couple strikes gold after finding $10 million in rare coins (CNN, Feb 26, 2014):

Eureka!

A husband and wife are reveling in their good fortune after finding $10 million in rare gold coins buried on their property in Northern California.

The gold country discovery is thought to be the largest of its kind in U.S. history, according to David Hall, co-founder of Professional Coin Grading Service, which authenticated the find.

Continue reading »

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Feb 26

- Here Is The FT’s Gold Price Manipulation Article That Was Removed (ZeroHedge, Feb 25, 2014):

Two days ago the FT released a clear, informative and fact-based article, titled simply enough “Gold price rigging fears put investors on alert” in which author Madison Marriage, citing a report by the Fideres consultancy, revealed that global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013.

To those who hve been following the price action of gold in the past four years, gold manipulation is not only not surprising, but accepted and widely appreciated (because like the Chinese those who buy gold would rather do so at artificially low rather than artificially high fiat prices) and at this point, after every other product has been exposed to be blatantly and maliciously manipulated by the banking estate, it is taken for granted that the central banks’ primary fiat alternative, and biggest threat to the monetary status quo, has not avoided a comparable fate.

What is surprising is that where the FT article once was, readers can now find only this:

Financial Times gold

And since we can only assume the article has been lost to FT readers due to some server glitch, and not due to post-editorial consorship or certainly an angry phone call from the Bank of England or some comparable institution, we are happy to recreate it in its entirety. Just in case someone is curious why gold price rigging fears should put investors on alert.

Gold price rigging fears put investors on alert

By Madison Marriage

Global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013, according to analysis by Fideres, a consultancy.

The findings come amid a probe by German and UK regulators into alleged manipulation of the gold price, which is set twice a day by Deutsche Bank, HSBC, Barclays, Bank of Nova Scotia and Société Générale in a process known as the “London gold fixing”.

Fideres’ research found the gold price frequently climbs (or falls) once a twice-daily conference call between the five banks begins, peaks (or troughs) almost exactly as the call ends and then experiences a sharp reversal, a pattern it alleged may be evidence of “collusive behaviour”.

Continue reading »

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Feb 26

- Will We Never Learn? 1840′s Gold Rush Edition (ZeroHedge, Feb 25, 2014):

1840′s Gold Rush or 2014 Dot-Com 2.0?

Despite the amazingly high cost of living and the extraordinary opportunities for frittering away money, everyone in early San Francisco was supremely confident that he would soon be able to return home with an incalculable amount of [wealth].

Everything was conceived on a vast scale, and there was always plenty of cash available for any scheme that might be proposed, no matter how impossible or bizarre it seemed. No one hesitated to borrow money…

-The Barbary Coast (describing the gold rush)

20140225_sf

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Feb 22

- China Plans Massive 1,500 Tonne Gold Storage Vault (ZeroHedge, Feb 21, 2014)

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Feb 21

- China Starts To Make A Power Move Against The U.S. Dollar (Economic Collapse, Feb 20, 2014):

In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates.  Of course the number one foreign nation that we depend on to participate in our system is China.  China accounts for more global trade than anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars.  This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost.  As a major exporting nation, China ends up with gigantic piles of our dollars.  They lend many of those dollars back to us at ridiculously low interest rates.  At this point, China owns more of our national debt than any other country does.  But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly.  Demand for the U.S. dollar would fall and prices would go up.  And interest rates on our debt and everything else in our financial system would go up to crippling levels.  So it is absolutely critical to our financial future that China continues to play our game.

Continue reading »

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Feb 19

gold

- Global Gold Coin And Bar Demand Surged 28% To Record 1,654 Tonnes In 2013 (ZeroHedge, Feb 19, 2014):

The World Gold Council’s global supply and demand figures have been released. They confirm what was already known – huge physical demand for coins and bars globally was counter acted by significant liquidations by COMEX speculators and weak hand ETF investors.

Gold Demand Trends Full Year 2013 makes interesting reading nevertheless. The World Gold Council said full-year 2013 gold demand was 3,756 tonnes, valued at $170 billion and down from 4,415 tonnes in the previous year due to ETF liquidations.

The data confirms that 2013 saw record demand for coins and bars globally but especially in China, Japan and much of Asia.

Annual global investment in bars and coins reached 1,654 tonnes, up from 1,289 tonnes in 2012, a rise of 28%, and the highest figure since the World Gold Council’s data series began in 1992. For the full year, Chinese and Indian investment in gold bars and coins was up 38% and 16%, respectively.

Continue reading »

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Feb 18

Here are some nice gold and silver charts.

- Citi Bullish On Gold & Silver “Continue To Expect Further Gains” (ZeroHedge, Feb 17, 2014)

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Feb 17

- “Soros Put” Hits Record As Billionaire’s Downside Hedge Rises By 154% in Q4 To $1.3 Billion (ZeroHedge, Feb 17, 2014):

A curious finding emerged in the latest 13F by Soros Fund Management, the family office investment vehicle managing the personal wealth of George Soros.

Actually, two curious findings: the first was that the disclosed Assets Under Management as of December 31, 2013 rose to a record $11.8 billion (this excludes netting and margin, and whatever one-time positions Soros may have gotten an SEC exemption to not disclose: for a recent instance of this, see Greenlight Capital’s Micron fiasco, and the subsequent lawsuit of Seeking Alpha which led to the breach of David Einhorn’s holdings confidentiality).

The second one is that the “Soros put”, a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of ‘reflexivity’ and the founder of “open societies” may be anticipating some major market downside.

Continue reading »

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Feb 17

- Is Bitcoin Greatly Rotating Into Bullion? (ZeroHedge, Feb 16, 2014):

While correlation is not causation, the coincidental timing of the tumble in virtual currencies and the surge in physical (alternative) currencies suggests another great rotation may be occurring… with gold at fresh 3-month highs as Bitcoin presses 3-months lows…

Gold is now up over 12% from the post-Taper lows…

and Silver is exploding higher… up 15.6% now in February alone.

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Feb 17

- Bank Of America Warns “The US Dollar Is In Trouble” (ZeroHedge, Feb 16, 2014):

Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML’s Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US Dollar, doing so back on Dec-15. The second market to turn against the US Dollar was US Treasuries, with Ten year note futures turning bullish back on Dec-26. Currently, the FX market – most specifically GBP - is breaking out and pressuring the US Dollar. Finally, the Japanese stock market continues to suffer, putting downward pressure on USDJPY and thus US Dollar weakness.

Via BofAML’s Macneil Curry, Continue reading »

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