Ben Davies on KWN

Ben Davies, Co-Founder & CEO of Hinde Capital, talks to Eric King on King World News about Gold, Silver and the US$.......listen here

Gold & Silver get thrown under the bus to rescue the US$

Another day, another London and New York trading session where Gold & Silver (and Oil) get hammered down in a massive short squeeze rally in the US$. Whilst many talk about shorts in the silver market, the recent shorting of US$ as it was heading for a near death experience of below 72 on the USD Index was many multiples of anything ongoing in Silver & Gold.

Many analysts have suggested that whilst Obama's popularity may have experienced a boost with the killing of some frozen Saudi Arabian, Obama and Clinton are certainly all smiles over the murder of Tim, the real reason for the thawing out Tim was to save the US$ from the pits of Hell. As a result anyone on the short side of 72 on the USD Index have been cluster bombed for days on end as the index has risen back above 74. Also those traders long the Aussie$ over the $1.10 mark must be hurting with the AUD going below $1.06 overnight.

~ Background: Why do I refer to Osama Bin Laden as Tim.

Keiser Report: Bin Laden Bounce

by RussiaToday on May 5, 2011

This week Max Keiser and co-host, Stacy Herbert, report on talking up Greek debt fears, the short-lived Bin Laden bounce and buying gold if your government is trying to kill you. In the second half of the show, Max talks to Dr. Kiriakos Tobras about his lawsuit against investment banks and derivatives dealers for their crimes against Greece.

USD sinking like Tim to ocean bottom

Silver falls to one-month low after COMEX margin hike

From Reuters:

SINGAPORE, May 5 (Reuters) - Silver prices fell 1 percent on Thursday to a one-month low, after the CME Group hiked margin requirement on COMEX silver again, while gold held steady.

FUNDAMENTALS

* Spot gold was little changed at $1,516.29 an ounce by 0042 GMT, after falling for three sessions straight.

* COMEX gold futures GCcv1 edged up $1.30 to $1,516.60.

* COMEX silver futures SIcv1 fell 1.2 percent to a one-month low of $38.91. Spot silver fell by 1 percent to $38.92.

* The CME Group set successive hikes on COMEX silver futures margin, pushing margin up 84 percent in just eight days.

* As COMEX silver tumbled under the weight of surging margins, the iShares Silver Trust , the world's largest silver-backed exchange-traded fund, experienced a near 5 percent fall in its holdings.

* Mexico massively ramped up its gold reserves in the first quarter of this year, buying over $4 billion of bullion as emerging economies move away from the ailing U.S. dollar, which has dipped to 2-1/2-year lows.......read on

Tim's "Death" brings smiles all around

From: AlJazeeraEnglish | May 4, 2011

The revelation that bin Laden was not armed when he was shot dead has prompted questions about whether the US actually set out to kill him.

Mexican Central Bank buys 100 Tonnes of Gold

From FT.com:

Mexico has quietly purchased nearly 100 tonnes of gold bullion, as central banks embark on their biggest bullion buying spree in 40 years.

The purchase, reported in monthly data published by Mexico’s central bank, is the latest in a series of large gold buys by emerging market economies intent on diversifying reserves away from the faltering US dollar.

China, Russia and India have acquired large amounts of gold in recent years, while Thailand, Sri Lanka and Bolivia have made smaller purchases.

Central banks became net buyers of gold last year after two decades of heavy selling – a reversal that has helped propel the price of bullion to a series of record highs. On Wednesday gold was trading at about $1,510 a troy ounce, down 4 per cent from a nominal record high of $1,575.79 reached on Monday.

As a result of Mexico’s purchase, central banks, sovereign wealth funds and other so-called “official sector” buyers are on track to record their largest collective purchase of gold since the collapse of the Bretton Woods system, which pegged the value of the dollar to gold, in 1971......read on

Eric Sprott on Silver and miners

Eric Sprott, Chairman, CEO & Portfolio Manager of Sprott Asset Management talks to Eric King of King World News about the Sprott fund selling some of its PSLV fund and purchasing Jnr miners and physical silver. Listen here

Keiser Report: Meets Schiff Report 3.0

From: RussiaToday | May 3, 2011

This week Max Keiser and co-host, Stacy Herbert, report on the $5 trillion in financial weapons for bankers and the lobbying bubble that keep those weapons flowing. In the second half of the show, Max talks to Peter Schiff about the 'symbiotic' master-slave relationship between the U.S. and China.

Laden to Rest: Killing old enemy to fan flames of new wars?

From: RussiaToday | May 3, 2011

The death of Osama Bin Laden may have been praised around the world, but that world is now bracing itself for a terror response. Meanwhile, the White House is reportedly debating whether to release the photos of the Al Qaeder leader's body. The fact no one's yet seen them coupled with the news he was buried at sea is doing little to counter claims he's still alive. And as RT's Gayane Chichakyan reports, the aim of the operation may have been as much to do with winning elections, as the war on terror.