Tuesday, October 30, 2012

Silver Stocks are Cheaper than Dirt

"Silver is still selling on the bargain table, and the silver stocks were selling below bargain table prices. But look at the silver stocks now. Something BIG could be brewing. Maybe it's time to buy GDX and GDXJ or even SLV. Silver, the “forgotten” commodity, is coming into its own. How do we know that? The silver stocks are telling us so."

- Richard Russell via a recent King World News interview, read the full interview here:

Wednesday, October 24, 2012

Bundesbank Secretly Withdraws Two Thirds Of Its London Gold

"Two days ago we reported that the German Court of Auditors demanded that the German Central Bank, the Bundesbank, verify and audit its official gold holdings consisting of 3,396 tons, held mostly offshore, namely New York, London and Paris, at least according to official documents. It also called for repatriation of 150 tons in the next three years to perform a quality inspection of the tungsten gold. Today, in a surprising development, via the Telegraph we learn that none other than the same Bundesbank which is causing endless nightmares for all the other broke European nations due to its insistence for sound money, decided to voluntarily pull two thirds of its gold holdings held by the Bank of England. According to a confidential report referenced by the Telegraph, Buba reclaimed 940 tons, reducing its BOE holdings from 1,440 in 2000 to 500 in 2001 allegedly "because storage costs were too high." This is about as idiotic an excuse as the Fed cancelling its reporting of M3 in 2006 because "the costs of collecting the underlying data outweigh the benefits." So why did Buba repatriate its gold? Ambrose Evans-Pritchard has an idea..."

- Source, Zero Hedge, read the full post here:

Thursday, October 18, 2012

Dominic Frisby & Mike Hampton - Sound Money and Competing Currencies

"Trader and investor Michael Hampton talks to GoldMoney's Dominic Frisby. They discuss the importance of sound money, the shrinking of the middle class and currency competition.

Dominic Frisby states that the extraordinarily uneven distribution of wealth in country's like Britain and America is a consequence of our system of money. Those who receive the newly created money first benefit over those who don't -- a process which compounds over time and leads to an ever greater concentration of wealth among the top 1%. They also point out that government redistribution of wealth -- whether via inflation or through welfare payments -- is placing incredible pressure on the middle classes, who are finding themselves squeezed like never before.

Currency competition would take away the state monopoly on money and thus its ability to redistribute wealth via inflation. Dominic's favoured model is to go back to metal money that is stored in vaults, and where ownership can be transferred without much effort. Bitcoin is another example of an independent currency. They also talk about the idea of a currency that is backed by equities. The free market is best at creating the most efficient solution to a problem -- which in this case is the need for a reliable international currency."

- Source:


Wednesday, October 17, 2012

The London Trader - We Were Within a Hair of a Major Price Explosion

“It got to the point where the vast majority of stops were located near the $1,810 level. If gold would have pierced $1,810, that would have tripped the vast majority of all of those weaker, underwater commercial short positions out of the market. This would have created enough of a short squeeze that we would have seen new highs in gold very rapidly.

This would have been a literal failure by these commercials (commercial signal failure). The gold market got to within $10 of their stops. Why do you think the bullion banks threw everything they had at the gold market at the $1,800 level? We were within a hair of a major price explosion, and disorder in the gold market."

- The infamous insider "The London Trader" via a recent King World News interview, read the full interview here:

Saturday, October 13, 2012

What Form of Silver is Best to Hold?

"We talk a lot about the importance of owning precious metals… and often for the sake of convenience, we lump gold and silver together in the same category. But while the two share similar characteristics as excellent inflation hedges and stores of value, silver has unique fundamentals worth considering. For starters, while the entire gold market is small, the silver market is even smaller. This means that, in a boom, silver is going to rise more rapidly than gold. In a bust, silver is going to drop more rapidly. This gives silver an interesting edge as a speculation. And one way to play this is to buy specific types of silver whose premiums soar during financial panics..."

- Read the full article at ZeroHedge here:

Friday, October 5, 2012

Gold and Silver Are the Safe Havens

"Gold and silver are the safe havens that have existed throughout civilization. So that’s what people who see a de-civilized society being destroyed by anti-human bankers and financiers, that’s why so many people are putting their money in gold."

- Gerald Celente via a recent King World News interview, read the full interview here: