16 December 2011
"The gold time bomb takes the form of a possible panic out of paper gold into physical metal when counterparty risk reaches an extreme level whereas a new gold standard would complement modern financial markets by serving as the ultimate asset: gold with mobility and no counterparty risk." Tom Szabo
This week Max Keiser and co-host Stacy Herbert discuss re-hypothecating Alec Baldwin's cake and eating it too. And, as Al Capone before him, JP Morgan's Jamie Dimon complains of the thankless task of being a "public benefactor". In the second half of the show, Max talks to Reggie Middleton about German debt and MF Global
15 December 2011
"Today the lease rate for one month lease on gold went to negative 1/2%. In other words, the central bank pays the bullion bank to borrow gold. With cheap gold and silver (also negative lease rate) the bankers raided gold and silver. The real reason was the fact that Europe again after just two weeks of huge dollar swaps, have run out of dollars again." Harvey Organ's Dayly Gold & Silver Report
14 December 2011
"*US official public debt has now passed $15 Trillion and is now roughly equal to 100% of GDP. *Greece has effectively defaulted with Italy, Portugal and Spain close on its heels leaving a euro-breakup imminent. *The markets are being prepared verbally for QE3 by the Fed governors, even while QE light and The Twist continue. " Silverdoctors
"However, gold has the desirable characteristics that we all want the means of payment to have. Primarily, it is stable in monetary value. It has other desirable characteristics as well, such as being easy to store, infinitely divisable, a chemical element, compact and of high value, and so forth. This is why we say that “gold is money,” and it is why gold has so often been the foundation for successful monetary systems for the last five hundred years." Nathan Lewis
"Easy money is the heroin of the financial world and we’re the main pusher. Generally, the pusher wins arguments with his addict clients, so expect a coordinated US/Europe quantitative easing that dwarfs even the Fed’s secret loan program of the past few years, and expect it soon. Get ready, American and European taxpayers. You’re about to become proud owners of several trillion dollars of slightly used Greek and Italian credit default swaps. Merry Christmas!" by John Rubino
13 December 2011
China has displayed a ravaging appetite for the white metal over the past several years, changing from the suit of a net exporter to a net importer, and thereby increasing its significance in the market.
Declining Chinese Exports: Will It Impact Silver?
http://www.ibtimes.com/articles/266429/20111213/declining-chinese-exports-will-it-impact-silver.htm
http://www.ibtimes.com/articles/266429/20111213/declining-chinese-exports-will-it-impact-silver.htm
"If you don't own any of the physical metals, you definitely want to start building a position now, because nobody can tell you things will not get seriously bad—chaotically bad—in the months and years ahead. Whether that happens or not, an ounce of gold will always be an ounce of gold. An ounce of silver will always be an ounce of silver. And, someone, somewhere will take that off your hands and give you something of value in exchange for it." Louis James Casey Research
'Factors that will influence silver and gold in 2012'
http://www.commodityonline.com/news/Factors-that-will-influence-silver-and-gold-in-2012-44366-3-1.html
http://www.commodityonline.com/news/Factors-that-will-influence-silver-and-gold-in-2012-44366-3-1.html
KA-CHING! George Soros Is Up $130,000,000 On Those Crummy MF Global Bonds He Just Bought
"Investors should be aware that gold and other commodities will experience extreme volatility in 2012--even more than what was witnessed in 2011. However, the timing for the next move to new highs will hang on the ECB’s deployment of its ultimate plan of massive monetization of unsterilized European debt." Michael Pento
"My big picture is that Merkel and the Germans will allow the printing of money and once that happens, just as it happened in 2008, once you get a sign, that’s blastoff time for gold. Gold and silver will shoot up like rockets. In my opinion gold will close 2012 at $2,500 or above, probably above. Gold could easily double from here in the next 12 months if you get the kind of money printing that I expect to happen in Europe." Stephen Leeb
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