15 February 2012
SilverDoctors: Gold & Silver Receiving SAFE HAVEN CURRENCY Flows
SilverDoctors: Gold & Silver Receiving SAFE HAVEN CURRENCY Flows: Posting has been a little slow today as The Doc spent the morning interviewing a rather pivotal player in the silver market. Check back as ...
Iran’s nuclear, terror offensives meet slow US-Israeli responses
DEBKAfile Special Report February 15, 2012, 5:17 PM (GMT+02:00)
Shrugging off Western sanctions and Israeli recriminations, Iranian President Mahmoud Ahmadinejad played a starring role in a widely televised spectacle by inserting his country’s first domestically-made fuel rod into the Tehran Research Reactor Wednesday, Feb. 15. The scene came after the announced cutoff of Iranian oil exports to six European countries - Netherlands, Spain, Italy, France, Greece and Portugal. Two hours later, the Iranian oil ministry challenged the announcement, spoiling the show by attesting to differences in high regime ranks.
By this show, Tehran thumbed its nose at Israeli Prime Minister Binyamin Netanyahu’s call on the world Wednesday to set red lines for Iran’s nuclear program and denounce its terrorist activity. “If Iran’s aggression is not halted, it will ultimately spread to other countries,” he told the Knesset.
Tehran paused only briefly in its multi-pronged offensive to deny Israeli charges of an Iranian hand behind the bombing attacks on its diplomats in New Delhi, Bangkok and the Georgian capital of Tbilisi this week, in which an Israeli woman was injured.
Tuesday, Feb. 14, the USS Abraham Lincoln aircraft carrier crossed the Strait of Hormuz into the Sea of Oman for the second time. Unlike the first, an Iranian flotilla shadowed its passage made up of an explosive speedboat, warships with missiles poised ready for launching, a spy plane, a drone and several assault helicopters. Tehran was flexing muscle in the face of US naval might.
The incident passed without a US response.
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Shrugging off Western sanctions and Israeli recriminations, Iranian President Mahmoud Ahmadinejad played a starring role in a widely televised spectacle by inserting his country’s first domestically-made fuel rod into the Tehran Research Reactor Wednesday, Feb. 15. The scene came after the announced cutoff of Iranian oil exports to six European countries - Netherlands, Spain, Italy, France, Greece and Portugal. Two hours later, the Iranian oil ministry challenged the announcement, spoiling the show by attesting to differences in high regime ranks.
By this show, Tehran thumbed its nose at Israeli Prime Minister Binyamin Netanyahu’s call on the world Wednesday to set red lines for Iran’s nuclear program and denounce its terrorist activity. “If Iran’s aggression is not halted, it will ultimately spread to other countries,” he told the Knesset.
Tehran paused only briefly in its multi-pronged offensive to deny Israeli charges of an Iranian hand behind the bombing attacks on its diplomats in New Delhi, Bangkok and the Georgian capital of Tbilisi this week, in which an Israeli woman was injured.
Tuesday, Feb. 14, the USS Abraham Lincoln aircraft carrier crossed the Strait of Hormuz into the Sea of Oman for the second time. Unlike the first, an Iranian flotilla shadowed its passage made up of an explosive speedboat, warships with missiles poised ready for launching, a spy plane, a drone and several assault helicopters. Tehran was flexing muscle in the face of US naval might.
The incident passed without a US response.
MORE
SilverDoctors: Gold, Silver, & US Dollar Surging As Eurozone Dela...
SilverDoctors: Gold, Silver, & US Dollar Surging As Eurozone Dela...: Lloyd and Jamie must be sweating this morning. Eurozone officials are apparently attempting to cheat death, and get as close to the cliff of...
Silver's Rise Will Shock Market Participants This Year
By Robert Hallberg
Eric Sprott, the founder of Sprott assets management has repeatedly said that gold was the investment of the last decade but silver will be the investment of this decade, and by looking at some of the fundamentals he might just be right.
There is currently an equal amount of investment money going into silver as there is for gold, yet the gold/silver ratio is close to 50:1, which means that investors are buying 50 ounces of silver for every ounce of gold. Not only that, but there is nowhere close to as much silver available for investment as there is for gold.
The chart below shows the gold/silver ratio for the last couple of years. This ratio is currently at 50:1 but the historical average over the past couple of hundred years have been around 16:1 which also represents the gold to silver concentration available in the ground. With a 16:1 ratio, silver would be priced over $100 in today's market, yet there are good reasons to believe that gold is going much higher. With such a strong demand for physical silver it is seems likely that we will once again see a 16:1 ratio, perhaps towards the end of this bull market.
There is currently an equal amount of investment money going into silver as there is for gold, yet the gold/silver ratio is close to 50:1, which means that investors are buying 50 ounces of silver for every ounce of gold. Not only that, but there is nowhere close to as much silver available for investment as there is for gold.
The chart below shows the gold/silver ratio for the last couple of years. This ratio is currently at 50:1 but the historical average over the past couple of hundred years have been around 16:1 which also represents the gold to silver concentration available in the ground. With a 16:1 ratio, silver would be priced over $100 in today's market, yet there are good reasons to believe that gold is going much higher. With such a strong demand for physical silver it is seems likely that we will once again see a 16:1 ratio, perhaps towards the end of this bull market.
10 Things That Every American Should Know About The Federal Reserve
What would happen if the Federal Reserve was shut down permanently? That is a question that CNBC asked recently, but unfortunately most Americans don't really think about the Fed much. Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. During this election year, the economy is the number one issue that voters are concerned about. But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve. The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.The following are 10 things that every American should know about the Federal Reserve....
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Japan begins Hyper-Printing/Greek GDP falters/European meeting cancelled tomorrow/Moody's threaten UK with downgrade
Tuesday, February 14, 2012
Good evening Ladies and Gentlemen:
Gold closed down by $6.10 to $1715.90 while silver, the object of interest to our bankers, fell by 38 cents
to $33.32. Yesterday we had the silver and gold equity shares weak together with a negative lease on silver.
These two red flags signaled to all the bankers and to the HFT traders that a raid was on and they did not disappoint. However our bankers were thrown a curve ball as late in the day, the big meeting scheduled for tomorrow was called off. We will go into this in the body of my commentary.
Let us head over to the comex and assess trading:
The total gold comex OI fell by 1775 contracts from 428,559 to 426,784. Gold had a somewhat good day yesterday so we saw a tiny bit of bank liquidation. The front delivery month of February saw its OI fall from 538 to 493 contracts for a loss of 45 contracts. We had 27 delivery notices yesterday so we lost 18 contracts to cash settlements. The next big delivery month is April and here the OI fell slightly from 232,524 to 231,263 contracts. The estimated volume today came in at 159,977 as the raid certainly saw an increase volume due to the copious supply of non backed paper and the influence of the HFT traders. The confirmed volume yesterday was very anemic at 113,529.
The total silver comex OI continues to play havoc to our bankers as the OI refuses to buckle. Today the OI registered a gain of 223 contracts from 105,969 to 106,192. The longs are in strong hands. The front option expiry month of February rose from 135 to 212 for a gain of 77 contracts. Generally when we see this, we get a big delivery notice filed and you will see below that we did receive such a notice. We are rapidly approaching first day notice for the March delivery contract (Feb 29.2012). The March OI fell marginally from 38,395 to 36,695 contracts. The March players moved into May. The estimated volume today registered 53,891 which is quite good. The confirmed volume yesterday was also quite good at 50,858.
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Keiser Report - Episode 249
In this episode, Max Keiser and co-host Stacy Herbert look at tear gas and deja vu for financial crimes and tombstone austerity. In the second half of the show, Max talks to James Howard Kunstler of Kunstler.com about the John Brown moment in America and the control fraud of media.
Intelligence experts: No proven links between Bangkok blasts and Indian, Georgian attacks
DEBKAfile Exclusive Report February 14, 2012, 11:21 PM (GMT+02:00)
Notwithstanding the loud and angry Israel official contentions that the three explosions in Bangkok Tuesday Feb. 13 were part of an Iranian global terror drive, senior Israeli intelligence sources told debkafile that no connection – other than circumstantial - had been uncovered as yet between that incident and the sticky-bomb attacks on Israeli official cars in New Delhi and the Georgian capital of Tbilisi 24 hours earlier.
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Notwithstanding the loud and angry Israel official contentions that the three explosions in Bangkok Tuesday Feb. 13 were part of an Iranian global terror drive, senior Israeli intelligence sources told debkafile that no connection – other than circumstantial - had been uncovered as yet between that incident and the sticky-bomb attacks on Israeli official cars in New Delhi and the Georgian capital of Tbilisi 24 hours earlier.
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SilverDoctors: Massive inventory volatility returned to COMEX sil...
SilverDoctors: Massive inventory volatility returned to COMEX sil...: Massive inventory volatility returned to COMEX silver warehouses Monday after last Friday's unusually quiet trading day, with 2 separate 600...
SilverDoctors: Cost of Iraq & Afghanistan Wars: The Infographic
SilverDoctors: Cost of Iraq & Afghanistan Wars: The Infographic: Demon*Ocracy.info has developed a New Perspective on the Cost of War: the Infographic on the cost of the Iraq & Afghanistan wars to NATO, t...
14 February 2012
The largest national holders of gold have retained their reserves, but should they sell?
LONDON (Commodity Online): The vast array of macro insecurities has provided a fertile backdrop for gold, particularly when concerns escalated over the US debt ceiling last year and the Fed pushed out the guidance for the first interest rate hike this year. However, broad risk reduction and the need for liquidity have still been able to pressure prices lower. One underlying positive for the market has been the continued appetite for net buying from the official sector globally amid the sovereign debt issues, said Barclays Capital in a research note.
Indeed, on the demand side, the latest IMF statistics reveal a continuation of central bank net buying, with net purchases of just under 40 tonnes in December alone; and including Turkey’s new policy of accepting gold in its reserve requirements from commercial banks increases net reported inflows to 387 tonnes for the year, Barclays concluded.
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Indeed, on the demand side, the latest IMF statistics reveal a continuation of central bank net buying, with net purchases of just under 40 tonnes in December alone; and including Turkey’s new policy of accepting gold in its reserve requirements from commercial banks increases net reported inflows to 387 tonnes for the year, Barclays concluded.
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Japan Announces $130 Billion QE Program, One Percent Inflation Target; 4th Quarter GDP Unexpectedly Contracts 2.3%; Lawmakers Threaten to Take Over Monetary Policy
MISH'S
Global Economic
Trend Analysis
Japan's 4th Quarter GDP Unexpectedly Contracts at 2.3% Annualized Rate
The Financial Times reports Japan’s GDP shrinks in fourth quarter
February 13, 2012
Japan’s economy shrank for the third time in four quarters between October and December, after floods in Thailand damaged production, and a strong yen and subdued overseas demand hurt exports.
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Global Economic
Trend Analysis
Japan's 4th Quarter GDP Unexpectedly Contracts at 2.3% Annualized Rate
The Financial Times reports Japan’s GDP shrinks in fourth quarter
February 13, 2012
Japan’s economy shrank for the third time in four quarters between October and December, after floods in Thailand damaged production, and a strong yen and subdued overseas demand hurt exports.
MORE
What Lies Ahead for Gold & Silver?
What lies ahead for gold and silver? After gold pierces strong resistance at $1,750, the next stop according to technical analysis is $1,807 followed by $1,850 and then the all-time high reached last spring at $1,923. When $1,923 is left behind, gold should move into the $2,250 to $2,400 range (by the end of the year, or soon thereafter) and then it will have to deal with a correction that should send it back near $1,900 and will scare many people to the sidelines.
Silver is in a tight trading range bracketed by a tight trading range of $30.48 and $34.48. Once this range is overcome, the next stop will quickly be $36 to $38 or higher. It’s been a while since we’ve seen $38 silver. I remember it well as I sold some of my silver at $38 early last summer to fund the condo purchase in Miami.
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Silver is in a tight trading range bracketed by a tight trading range of $30.48 and $34.48. Once this range is overcome, the next stop will quickly be $36 to $38 or higher. It’s been a while since we’ve seen $38 silver. I remember it well as I sold some of my silver at $38 early last summer to fund the condo purchase in Miami.
MORE
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