07 March 2012
Norcini - Gold & Silver Smashed as Bullion Banks Cover Shorts
With gold and silver plunging, along with stock markets and crude oil, today King World News interviewed legendary Jim Sinclair’s chartist Dan Norcini. Norcini told KWN what we are seeing today in the gold and silver markets is not what most people think: “People will tend to blame this takedown in gold and silver on the bullion banks. Interestingly, I don’t think that’s the case this time, Eric. I think what happened last Wednesday was bullion bank selling related to central bank intervention, when we had that big takedown, which was timed with Bernanke’s Congressional testimony.”
Dan Norcini continues:
“That did get the ball rolling, but once these guys create enough downside momentum and downside support levels are breached, the bullion banks don’t have to do any selling. At that point, the hedge funds and algorithms start to do the selling for them.
MORE
Dan Norcini continues:
“That did get the ball rolling, but once these guys create enough downside momentum and downside support levels are breached, the bullion banks don’t have to do any selling. At that point, the hedge funds and algorithms start to do the selling for them.
MORE
John Embry - Conditions are Deteriorating at an Alarming Rate
With gold down $35 and silver trading $1.25 lower, today John Embry told King World News that current economic conditions around the world are deteriorating rapidly. Embry, Chief Investment Strategist at Sprott Asset Management, also said that in the midst of these deteriorating conditions we are seeing aggressive manipulation. But first, Embry had this to say about what is happening in the gold market: “You are seeing gold take out some short-term technical support levels. I guess the next one of significance is at $1,650. If gold were to take $1,650 out, that would get more of the hedge funds and the algorithm traders shorting.”
John Embry continues:
“But it’s all just paper. I can assure you that there is very little physical gold being sold at distressed levels here. Any transaction in physical is probably being motivated by the buyer who is taking advantage of these low prices.
MORE
John Embry continues:
“But it’s all just paper. I can assure you that there is very little physical gold being sold at distressed levels here. Any transaction in physical is probably being motivated by the buyer who is taking advantage of these low prices.
MORE
06 March 2012
SilverDoctors: Nearly Entire Open Interest in COMEX Silver Trades...
SilverDoctors: Nearly Entire Open Interest in COMEX Silver Trades...: The all-out cartel paper attack on silver continues. We documented last week how the cartel dumped 225 million ounces of paper silver on th...
SilverDoctors: Algo's On! Gold & Silver Update- PM's Raided to 6...
SilverDoctors: Algo's On! Gold & Silver Update- PM's Raided to 6...: Silver is selling off hard again this morning, down over 4% to $32.45 at one point. Perhaps those who continue to believe that silver is a...
Break Up The Banks… ‘Not Going to Happen’ (with Nomi Prins)
According to the FDIC, in 2011, there were no new banks created in the US, making it the first year in decades the country has gone without the establishment of a single start-up lender, according to the Financial Times. We'll also show you a new video from Public Citizen, calling on Bank of America to break up. Nomi Prins, author of "Black Tuesday" discusses.
Richard Russell - A New Golden Age or The New Normal?
With gold holding near the $1,700 level, today the Godfather of newsletter writers, Richard Russell, had this to say about what is happening in the markets and on the streets: “Treasuries provide you with zero or minus yields. So, in general the little guy is stuck with whatever meager money his salary brings in after taxes. And as for savings, well, that's just the dream of a decade ago.”
Richard Russell continues:
“If the little guy is lucky enough to have a real job, he's angry at the big mucky-mucks on Wall Street or at the bankers who are pulling down millions. These guys (the suits) appear on Bloomberg with their green-striped or purple silk ties and talk about Greece or whether auto sales are flat or going a bit higher.
MORE
Richard Russell continues:
“If the little guy is lucky enough to have a real job, he's angry at the big mucky-mucks on Wall Street or at the bankers who are pulling down millions. These guys (the suits) appear on Bloomberg with their green-striped or purple silk ties and talk about Greece or whether auto sales are flat or going a bit higher.
MORE
Fleckenstein - Fears of a Banking Collapse, Dow 13,000 & Gold
Today Bill Fleckenstein, President of Fleckenstein Capital, told King World News the Federal Reserve is totally out of control and thinks nothing of turning the US dollar into confetti. But first, when asked what his biggest concern was going forward, Fleckenstein responded, “The fact that the Europeans have gotten themselves in this mess, where they pretend like they are not going to print money and then they do print money. But they don’t ever print enough to get past this point.”
Bill Fleckenstein continues:
“Nor do they say, ‘Okay, we’re going to actually be a hard currency and suffer the consequences.’ No one is willing to do that in this day and age. So you’ve got this constant distraction of stumbling around in Europe and there is this fear that they will do something really stupid and the banking system will collapse.
MORE
Bill Fleckenstein continues:
“Nor do they say, ‘Okay, we’re going to actually be a hard currency and suffer the consequences.’ No one is willing to do that in this day and age. So you’ve got this constant distraction of stumbling around in Europe and there is this fear that they will do something really stupid and the banking system will collapse.
MORE
Turk - Central Banks Intervened in Gold Out of Desperation
With gold near $1,700 and silver below $34.00, today King World News interviewed James Turk out of Spain. Turk told King World News what level on gold will hold, in the aftermath of the central bank intervention. Here is what Turk had to say about the situation: “We’ve seen this so many times over the past twelve years, Eric. I’m taking last week’s smash in the metals in stride. The fact that central banks chose to intervene when silver had broken out on massive volume and gold was on the verge of a breakout is not surprising. The situation was getting desperate and they had to intervene at that point or things were going to get out of control on the upside.”
James Turk continues:
“For anyone who has been accumulating precious metals over the past twelve years, you have all seen this time and again. But there is an important point to take from this observation, Eric. All of the ham-fisted interventions in the past were eventually overcome, and much higher prices were achieved. I don’t expect this time to be any different from any number of times we have seen this in the past.
MORE
James Turk continues:
“For anyone who has been accumulating precious metals over the past twelve years, you have all seen this time and again. But there is an important point to take from this observation, Eric. All of the ham-fisted interventions in the past were eventually overcome, and much higher prices were achieved. I don’t expect this time to be any different from any number of times we have seen this in the past.
MORE
05 March 2012
SilverDoctors: Just Another Manipulated Monday
SilverDoctors: Just Another Manipulated Monday: After trading in a tight range near $34.60 throughout the Monday Asian session, silver was promptly raided to $34 on the LBMA open at 3:00am...
The Fractional Reserve Bullion Banksters Are DOOMED
A SGTreport silver update. The Banksters prevented the Pan Asia Gold Exchange from ever doing damage to their fractional reserve bullion banking monopoly, they won't be so lucky a second time.
TFMR Podcast #14 - Ned Naylor-Leyland Discusses PAGE, Silver
http://www.tfmetalsreport.com/podcast/3468/tfmr-podcast-14-ned-naylor-leyland...
Andrew Maguire on KWN
http://kingworldnews.com/kingworldnews/Broadcast/Broadcast.html
Music: "Tenebrous Carnival - Mermaid" by Kevin MacLeod (incompetech.com) Licensed under Creative Commons "Attribution 3.0" http://creativecommons.org/licenses/by/3.0/"
http://creativecommons.org/licenses/by/3.0/legalcode
The content in my videos and on the SGTbull07 channel are provided for informational purposes only. Use the information found in my videos as a starting point for conducting your own research and conduct your own due diligence (DD) BEFORE making any significant investing decisions. SGTbull07 assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.
Where is Greece’s gold?
by Alasdair Macleod - Finance And Economics.org
Published : March 05th, 2012
531 words - Reading time : 1 - 2 minutes
Recently there have been reports that if Greece defaults on the new bail-out package, creditors will be entitled to seize her gold. Whether or not this is true, it raises one big question: given the severe financial and economic crisis in Europe, what is the current collective attitude of the eurozone central banks to gold?
Bear in mind that these central banks sought to end any monetary role for gold after the Bretton Woods system fell apart in the early 1970s. More recently, as signatories to the three consecutive Central Bank Gold Agreements, they have perhaps seen gold as a source of funds as well. But those were “happier times” for them, when progressively greater central planning and increased regulation went unchallenged by the markets. But now that monetary authorities are facing increasing criticism, the central banks’ strategy towards gold today must logically be completely different: either gold is an asset whose value has to be maximised as collateral, or it has to be held on to as a “last resort” asset. Vested interests have fundamentally altered with the change in circumstances now forced upon eurozone governments.
MORE
Published : March 05th, 2012
531 words - Reading time : 1 - 2 minutes
Recently there have been reports that if Greece defaults on the new bail-out package, creditors will be entitled to seize her gold. Whether or not this is true, it raises one big question: given the severe financial and economic crisis in Europe, what is the current collective attitude of the eurozone central banks to gold?
Bear in mind that these central banks sought to end any monetary role for gold after the Bretton Woods system fell apart in the early 1970s. More recently, as signatories to the three consecutive Central Bank Gold Agreements, they have perhaps seen gold as a source of funds as well. But those were “happier times” for them, when progressively greater central planning and increased regulation went unchallenged by the markets. But now that monetary authorities are facing increasing criticism, the central banks’ strategy towards gold today must logically be completely different: either gold is an asset whose value has to be maximised as collateral, or it has to be held on to as a “last resort” asset. Vested interests have fundamentally altered with the change in circumstances now forced upon eurozone governments.
MORE
Fitzwilson - The Roman Empire & The Power of Money
40 year market veteran, Robert Fitzwilson, writes for King World News discussing the fact that it has become popular to compare the Roman Empire to what is taking place in the modern world. He also believes many of these comparisons are historically inaccurate. Robert is the founder of The Portola Group, one of the premier boutique firms in the Unites States, and today King World News was given exclusive distribution rights to the following extraordinary piece:
“Nova Roma”
By Robert Fitzwilson, President & Founder of The Portola Group
March 4 (King World News) - There have been many analogies drawn between the United States and Rome. We think that to be historically inaccurate. The new Roman equivalent is a strip of discontinuous land stretching roughly from Charlotte, North Carolina to New York City on the Eastern coast of the Continental United States.
MORE
“Nova Roma”
By Robert Fitzwilson, President & Founder of The Portola Group
March 4 (King World News) - There have been many analogies drawn between the United States and Rome. We think that to be historically inaccurate. The new Roman equivalent is a strip of discontinuous land stretching roughly from Charlotte, North Carolina to New York City on the Eastern coast of the Continental United States.
MORE
Pento - Gold Will Surge 20% to 30% in the Next Twelve Months
Today Michael Pento told King World News precisely when he expects the next round of quantitative easing to be announced and how much the price of gold will spike. For KWN readers globally, according to Bloomberg News, Michael Pento has correctly predicted the annual high prices of gold for the last three years in a row. Pento, who founded Pento Portfolio Strategies, also gave this extraordinary account of previous rounds of QE and their impact on the gold market: “Global central banks have now entered the twilight zone of monetary policy. Never before in the history of planet earth have we seen such a synchronized counterfeiting scheme to monetize insolvent sovereign debt. However, right now there is a break in the action.”
Michael Pento continues:
“There has not been an announcement or imminent threat of a new round of QE or LTRO form either the Fed or the ECB. So I thought it would be a good idea to look at the Fed and ECB’s recent spate of money printing and its affect on the price of gold both during and after their counterfeiting sprees.
MORE
Michael Pento continues:
“There has not been an announcement or imminent threat of a new round of QE or LTRO form either the Fed or the ECB. So I thought it would be a good idea to look at the Fed and ECB’s recent spate of money printing and its affect on the price of gold both during and after their counterfeiting sprees.
MORE
03 March 2012
After a wild week in the precious metals markets, let's all end the week with some wise words from legendary investment strategist John Embry.
| John Embry |  |  |  |
| Friday, 02 March 2012 00:00 |
| After a wild week in the precious metals markets, let's all end the week with some wise words from legendary investment strategist John Embry.  Mr. Embry is the Chief Investment Strategist of Sprott Asset Management with a focus on the Sprott Gold and Precious Minerals Fund. Mr. Embry is an expert in precious metals and has researched the gold sector for over 30 years! Mr. Embry believes that gold and silver are on the cusp of seeing a real breakout. During our interview, we cover the current state of the market, economy, and what happens to the mining companies if we see an oil spike. Lastly, one of our favorite questions is what does he plan to do when he eventually sells some of his precious metals in the future. |
The Two Economic Clutch Type Events Of This Period
Jim Sinclair
"Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go Home" should be the rallying cry of the gold longs to the paper gold shorts." -Trader Dan Norcini
Dear Friends,
The history of this period will focus attention on two economic clutch type events. These events will have mandated the need for the construction of a new monetary system utilizing a virtual reserve currency traded only by central banks. This reserve currency will be related to gold via a global Western world M3.
An economic clutch type event is one that by its occurrence allows the world to shift gears and change into a new economic velocity and direction.
The first economic clutch event took place when the decision was made that the US Federal Reserve and US Treasury would not support a rescue of the prestigious investment firm of Lehman Brothers. By doing this, they threw that institution and all of its transactions in which it was the deficit other party into default via bankruptcy.
MORE
"Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go Home" should be the rallying cry of the gold longs to the paper gold shorts." -Trader Dan Norcini
Dear Friends,
The history of this period will focus attention on two economic clutch type events. These events will have mandated the need for the construction of a new monetary system utilizing a virtual reserve currency traded only by central banks. This reserve currency will be related to gold via a global Western world M3.
An economic clutch type event is one that by its occurrence allows the world to shift gears and change into a new economic velocity and direction.
The first economic clutch event took place when the decision was made that the US Federal Reserve and US Treasury would not support a rescue of the prestigious investment firm of Lehman Brothers. By doing this, they threw that institution and all of its transactions in which it was the deficit other party into default via bankruptcy.
MORE
Keiser Report - Episode 257
Max Keiser and co-host, Stacy Herbert, discuss the Stratfor bimbo, the bank that is in bed with it and Wikileaks as the modern-day Gutenberg press. In the second half of the show, Max talks to Andy Bichlbaum of TheYesMen.org about Stratfor, culture jamming and targeting the system’s bottom line.
SilverDoctors: Greek 1 Year Bond Hits 988%
SilverDoctors: Greek 1 Year Bond Hits 988%: This is almost like watching horse racing. We have a high today in the Greek 1 year yield of 988.135% . Love how 3 decimal points are sti...
Subscribe to:
Posts (Atom)