Saturday, November 30, 2013

Chinese Gold Imports Surpass 1000 Tonnes in 2013

China increased the import of gold through Hong Kong last month, with gross gold imports for the month of October coming in at 147.92 tonnes, of which 131,19 tons remained as net import. China has imported more than 100 tonnes of gold each month in the past six months. Gross imports in the first ten months of 2013 have doubled compared to the same period in 2012.

In the first ten months of 2013 China has imported a net amount of 957.22 tonnes of gold from Hong Kong. With two months to go it is quite obvious that China will surpass the 1,000 tonne estimate by the World Gold Council. Gross imports for this year stand at 1,262.82 tonnes, double the amount in the same period of last year.

- Source, Market Update:

Thursday, November 28, 2013

The Chinese Are Manipulating Gold

The Dollar’s fate lies in China’s Hand. Gold is the key to this fate. The Chinese Central bank’s fingerprints are all over the gold manipulation story.

The Chinese play the gold players like fiddles, rigging the price of gold lower to take in as much as they can.
Like Sun Tsu said, If you can win the battle without fighting, that is a good war. They’ve not fired a shot. They’ve used our currency reserves to buy up our gold.

The existence of our world reserve currency status will depend on how and when China shows the world what they hold in gold. That report is due in 2014. Once they show the world they have the gold to back their currency, the entire world will flock to the winner. 

The fate of the dollar is almost entirely tied to China, its gold holdings and the value of gold once its real value is set.

$50,000 an ounce could become a real figure.

- Read the full story here:

Saturday, November 23, 2013

Gold is Signalling a Manufactured Crash

I had the chance yesterday to reconnect with technical gold trader Gary Savage, publisher of the Smart Money Tracker daily gold market commentary and trading service, which has outperformed most of the world’s hedge funds in 2011 and 2012.

It was a powerful conversation as Gary indicated that gold is now signaling the increasing likelihood of another overnight sell-off event, similar to what was seen in late June, in which the price collapsed from $1400 oz. to just under $1200 oz.

In describing what gold is signaling to the market right now, Gary noted that, “Over the last month and a half, gold deviated and started to follow the dollar down[wards], which I was afraid was a warning sign that gold would be in trouble once the dollar started to rally…and that’s exactly what has played out. The dollar rallied over the last three weeks, [and] gold turned back [down]…almost to the exact day that the dollar started this rally.“

Traditionally moving opposite the dollar, this latest development in gold according to Gary, suggests that funds are shorting in advance of another,“Typical pre-market, middle of the night hit, where you see 200 tons of gold dumped on the market with no buyers to support it…At least two big banks, I would say Goldman Sachs, JP Morgan, maybe a big hedge fund…are trying to push gold down to that support zone at around $1000. So I think they’re already short, and right now they’re letting the [reversing] dollar do the work for them.”

- Source, Bull Market Thinking, read the full story here:

Thursday, November 21, 2013

The Annihilation of the Currency

“We are facing the annihilation of currency. We are facing the shift of America as the leading and most influential nation of the world to some form of banana republic. . . . If it wasn’t for food stamps, we would be facing long lines of people waiting for free food.”

- Jim Sinclair via USA Watchdog:

Tuesday, November 19, 2013

Jim Sinclair - Gold Going to $50,000

According to Jim Sinclair of, by 2016, "Gold will be $3,200 to $3,500 an ounce." By 2020, Sinclair predicts, "Emancipated gold will be $50,000 per ounce." As far as gold confiscation goes, Sinclair says that Its not going to happen, but a windfall tax could definitely be in the cards. Join Greg Hunter as he goes One-on-One with renowned gold expert Jim Sinclair.

- Source, USA Watchdog:

Sunday, November 17, 2013

Western Central Banks Continue to Dishoard Gold

Physical demand for gold and silver continues to remain incredibly strong. This comes in spite of the recent raid on the precious metals, which began on Wednesday of last week and continued into the close on Friday. The price drop began with the release of the FOMC statement. Recent history has shown, that ANY FOMC statement release is bad for gold holders. This is due to the smash in prices that inevitably seems to follow each statement release.

This FOMC statement did not disappoint in its ability to defy all logic. The FED announced that they will stick to its guns and NOT taper. That’s right, somehow the FED not curtailing its QE programs is considered gold negative? To any sane person who knows anything about the function of gold and silver, this reaction to the FOMC statement makes no sense. Copious amounts of money printing is gold positive.

Despite the manipulation that continues to plague the precious metals market, there continue to be cracks forming in the armour of the manipulators. Even as they continue to dominate the paper market, their grasp on the physical REAL market continues to slip away.

Demand for the physical metals remain fierce as the paper price artificially suppresses the cost of metals. This demand has resulted in the US Mint’s temporary inability to supply American Silver Eagles to wholesalers. A delay of four weeks is being reported with production halting on December 9th and not resuming until January 13, 2014. This has already resulted in a rise in premiums for the popular American Silver Eagles...

- Source, Sprott Money Blog, read the full article here:

Friday, November 15, 2013

It's Nearly Impossible to get a Large Position in Physical Gold or Silver

With each passing day, as the gold supply moves from West to East, people that are interested in positioning themselves in gold better hurry up and do it because there is going to come a day when it’s nearly impossible to get a large position in physical gold, or silver for that matter.

Anything I say about gold, and I’m extremely bullish on gold, you can just double that for silver. The simple fact is that silver is a materially smaller market than gold, so any significant amount of money hitting it will have a more out-sized impact.

Besides that, silver has much smaller above ground inventories and a very significant proportion of what is being dug up out of the ground is being consumed in industrial uses. So, when this thing really gets going, the silver price is just going to explode.

Thursday, November 14, 2013

Federal Reserve Whistleblower Tells America The REAL Reason For Quantitative Easing

A banker named Andrew Huszar that helped manage the Federal Reserve's quantitative easing program during 2009 and 2010 is publicly apologizing for what he has done. He says that quantitative easing has accomplished next to nothing for the average person on the street. Instead, he says that it has been "the greatest backdoor Wall Street bailout of all time." And of course the cold, hard economic numbers support what Huszar is saying. The percentage of working age Americans with a job has not improved at all during the quantitative easing era, and median household income has actually steadily declined during that time frame. Meanwhile, U.S. stock prices have doubled overall, and the stock prices of the big Wall Street banks have tripled. So who benefits from quantitative easing? It doesn't take a genius to figure it out, and now Andrew Huszar is blowing the whistle on the whole thing.

From 2009 to 2010, Huszar was responsible for managing the Fed's purchase of approximately $1.25 trillion worth of mortgage-backed securities. At the time, he thought that it was a dream job, but now he is apologizing to the rest of the country for what happened...
- Source, The Economic Collapse Blog, read the full story here:

Wednesday, November 13, 2013

Bart Chilton Resigns From The CFTC

Bart Chilton, made infamous in the precious metals community for his inability to uncover the obvious manipulation plaguing the silver market by JPMorgan has announced his departure from the ranks of the CFTC.

During the course of the silver manipulation investigation, Bart Chilton made himself appear as a champion of the cause, which garnered him the support of precious metals expert Andrew Maguire, the whistle-blower who played a major role in the investigation. Sadly, Bart’s legacy will be one of failure. He did not speak, as stated he would, about the failure of the CFTC to act in relation to this case. He also likely turned a blind eye and assisted in the closing of this case, despite ample evidence that suggested clear manipulation...

- Source, Sprott Money Blog, read the full article here:

Monday, November 11, 2013

Jim Willie - The System is Breaking Down

Jim Willie appears on the the "Plane Truth". He discusses capital controls in the United States and points out how the system is breaking down.

- Jim Willie, via Monk Radio:

Saturday, November 9, 2013

Jim Willie - Hyperinflation is Already Here!

The United States has ushered in hyper monetary inflation with the series of Quantitative Easing programs, as in QE1, QE2, Operation Twist, and QE3. My belief is no longer than hyper inflation is inevitable, since already part of current policy now. Hyper-inflation is already here!

As a result of the hostile monetary war, the USDollar and its USTBond vehicle are facing not simply opposition, but broad-based earnest organized initiatives to avoid them. The goal is to replace them in workarounds. A reset is apparently near. The pressures to install a more fair, more just, and more enduring system is enormous, and will not cease. The demand is to bring back the Gold Standard, the equitable arbiter, the true enforcer.
The demand for Gold is inelastic. As price rises, so does demand. It is called Gold Fever.

Something big is near, as the tremors are being felt in every global corner, and every global market.

- Jim Willie the Golden Jackass via The Silver Doctors:

Thursday, November 7, 2013

Central Banks Don't Have a Fraction of Their Gold

I was fascinated by those revelations last week from the central banks of Sweden and Finland, which Egon von Greyerz spoke about in his KWN interview. It’s a very powerful thing that people are becoming aware that these central banks don’t even have a fraction of the gold in their own vaults....

- John Embry via King World News: