Keiser Report - Down is New Up, Up is New Down

I highly recommend the interview section of this week's report with one my favourite analysts and twitter friend Sandeep Jaitly. Max and Sandeep discuss the fiat price of gold being an unequal exchange, in similar terms to the Islamic teachings on sunnah money, particularly the excellent lectures given by Sheikh Imran Hosein, one of which can be viewed on this blog here

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine whether the markets are soaring or crashing but find it impossible to determine as long standing data patterns have broken down. They discuss feeding the ducks while they're quacking and bitcoin vigilantes fighting the Fed.

In the second half, Max talks to Sandeep Jaitly of FeketeResearch.com about the imminent extinction of the price of gold as well as the permanent backwardation in both gold and silver markets.

David Morgan - Gold and Silver Paper Shorting Collusion?

From silver investor.com

Mike Maloney: Silver & Gold - The BIG Picture

From whygoldandsilver

Jim Willie - Gold to $7,000 per Ounce

From Greg Hunter

The Wild Ride for Silver

Implats - South African mines cannot afford pay rises

LONDON (Reuters) -

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South Africa's mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, so it may well face fresh strikes, Impala Platinum said on Friday.

South African mining companies are due to embark on one of their toughest periods of wage talks in the next one or two weeks, with increasingly radicalised unions.

The world's biggest platinum producing country is hoping to avoid the 2012 wildcat strike action that cost billions in lost revenue and production.

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chart from kitco.com

Andy Hoffman and Sean on Media and Markets

From SGTbull07

Brother JohnF - Silver Capitulation

From BrotherJohnF

Clarke and Dawe - A Big Week in Publishing

From ClarkeAndDawe

Hong Kong Mercantile Exchange closes its doors

Yet again another paper gold exchange shafts clients with forced cash only settlements........

From The South China Morning Post

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HKMEx chairman Barry Cheung Chun-yuen told the Sunday Morning Post that the decision to surrender the trading licence and not reopen for business tomorrow would have no impact on investors and that client contracts would be honoured.

"There is no question of not getting your money back or anything like that. People absolutely do not have to worry about that and I don't think they are.

"The only thing they will want to know is what settlement price will be used," Cheung said.