Tuesday, April 30, 2013

Inside Story - Japan & Russia - trade before territory?

From AlJazeeraEnglish

Australia's New Gold (and Silver) Rush

Jordan Eliseo of ABC Bullion and Peter McGuire of NG Farah are interviewed on Australia's Sky Business News about the reasons for the recent decline in gold and silver prices and the surge in physical bullion demand it has created.

Video first broadcast on Friday 19th April. Hear more from Jordan at:  www.abcbullion.com.au/education

Jim Rickards at the Offshore Tactics Workshop

Jim Rickards was one of 30+ experts at the Offshore Tactics Workshopthat Simon Black held in Santiago, Chile. Video link

Sunday, April 28, 2013

SD Weekly Metals & Markets

From silverdoctors

Truth About Markets

Max Keiser and Stacy Herbert of MaxKeiser.com discuss the latest downgrade of UK debt (from Fitch), the latest alleged increase in UK GDP, the privatization of the NHS and #wheresdaddyspig

Keiser Report - GDP Boosters

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss accidental hysterectomies and unexpected heart transplants as GDP boosters, the activist campaign from the Artist Taxi Driver - #wheresdaddyspig - as protest against privatization of the National Health Service in Britain and hospitals in America flying comatose patients out of the country to avoid having to treat them.

In the second half of the show Max talks to Mark Melin of UncorrelatedInvestments.com about the latest on the MF Global cover up and the damaged financial system it left behind.

Saturday, April 27, 2013

Egon Von Greyerz on Gold Shortages

Egon von Greyerz discusses the growing shortages of gold bullion and the factors behind the recent decline in prices. Listen to the KWN interview here

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

If banks can fix LIBOR then how easy would be in comparison to "fix" the London Gold and Silver Fix? ~ Tears

From Rolling Stone

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."

Read more: http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425#ixzz2RdyvakZh
Follow us: @rollingstone on Twitter | RollingStone on Facebook

David Morgan on The Daily Ticker

From silver investor.com

Weekend Chillout - Tweet Tweet

This week we heard the first fake Tweet, Tweet of the northern spring, and the markets were startled. But at least it gives me the chance to post a video of one of my favourite Aussie bands Little Birdy


Think Tank with Lee Camp

From breakingtheset

Friday, April 26, 2013

U.S. Mint Sales of Gold Coins at Three-Year High

From Bloomberg.com

Original source

Sales of gold coins by the U.S. Mint are heading for the highest level since December 2009 after prices in New York had the worst two-day slump in three decades.

As of yesterday, sales totaled 196,500 ounces, up from 62,000 ounces in March, data on the mint’s website show. The amount for all of December 2009 was 231,500 ounces.

Consumers from the U.S. to Australia joined shoppers fromChina and India to buy jewelry, coins and bars after futures slumped 13 percent in two days through April 15. Sales by the Perth Mint in Australia doubled and retail purchases across China tripled, the China Gold Association said. The U.S. Mint said April 23 it suspended sales of coins weighing a 10th of an ounce after demand more than doubled from a year earlier.

India Feels Gold Pinch via Premiums

From KitcoNews

Keiser Report - Stalinism of NYSE

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the season for CRASH as algos reading Twitter cause a hack crash in New York; ghost traders in the shadow banking system cause gold 'slaughters' in the precious metals markets and Joe Weisenthal seeks smoke signals from the Pope of Fraud, Ben Bernanke. In the second half of the show Max talks to Andrew Maguire about precious metals markets, manipulation and failures to deliver.

Thursday, April 25, 2013

Ronald Stoeferle: “Last Week We Were Really Close To A Default of The 130-to-1 Paper Gold Market”

Ronald Stoeferle of Erste Bank discusses the recent moves in the gold price with Tekoa Da Silva. Listen to the interview here

Jim Grant - Gold is the Alternative to Central Banks

RBA to buy Yuan demoninated Debt

Now if only the boffins at the RBA would buy some gold whilst it is on sale, but that would be too radical, much better to buy some pretty paper instead.

From smh.com.au

The Reserve Bank has underlined its confidence in the Chinese yuan's future role as a reserve currency for the Asian region, saying it will invest $1.6 billion in Chinese government debt.

As part of a push to deepen financial ties with Australia's biggest trading partner, the central bank will put 5 per cent of its $32.4 billion in net foreign exchange reserves into Chinese sovereign bonds, it said on Wednesday.

After China this month allowed direct trade between the Australian dollar and the yuan, or renminbi (RMB), the move is another attempt to spur on the gradual opening up of China's financial system.

Read more: http://www.smh.com.au/business/rbas-16b-investment-points-to-future-in-yuan-20130424-2if1q.html#ixzz2ROV3k1en

Lest we forget

Today Australia and New Zealand commemorates ANAZC Day. On this day we recognize the ultimate sacrifices that Aussies and Kiwis paid fighting shoulder to shoulder in thousands of pointless campaigns, where "our" men fought "their" men for the enrichment of the same elite. The wars may have been pointless but their sacrifices for each other were not. Lest we forget.

Wednesday, April 24, 2013

Ron Paul concerned about the US Dollar not Gold

CNBC on the AP Flash Crash Tweet

Finally someone mentions autonomous trading software.

Goldman Revises Bet on Gold

Jeremy Scahill: The Secret Story Behind Obama's Assassination of Two Americans in Yemen

From democracynow

Hacking Twitter for Fun and Profit

Yesterday US time the twitter account of The Associated Press (AP) was hacked and the following false breaking news tweet was sent out:

Instantly markets spiked lower, the most notable being the SP500 index free falling by 1% before recovering 3 minutes later. If you are wondering how traders could keep up with the "news", analyze the effect and place relevant trades instantly well the sad truth is they don't. Most trading firms use computer trading software to read trusted news and market participant's:  tweets, newspapers, websites, etc. The software then analyzes that data and based on weighted outcomes of that news places trades without reference to human traders. So this is how one tweet, from a trusted source, can be read, analyzed and a trading strategy formed and executed in the space of a second if not less. Note the best of these programs can execute individual trades measured in picoseconds ( 10−12 of a second).

One has to wonder if the hackers had just out of the money puts on the SP500 index waiting to capture the drop?

According to zerohedge 26,000 SP 500 e-mini contracts traded in 3 mins, see chart below:

For an amazing 3D animated chart of this event from Nanex click here

From RTAmerica

Gold mining becomes unprofitable

From smh.com.au

Newcrest Mining is reviewing the future of some of its mines, as the recent plunge in the gold price continues to take a toll on the nation's fourth-biggest mineral export industry.

Newcrest was one of several ASX-listed goldminers to reveal March-quarter results on Tuesday, and the publication of production costs revealed that numerous mines across Australasia are unprofitable at current gold prices.

Read more: http://www.smh.com.au/business/newcrest-weighs-up-future-of-mines-20130423-2icva.html#ixzz2RKCUaQzB

Tuesday, April 23, 2013

Keiser Report - Psyops & Debt Diets

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert follow the ounces not the prices in the precious metals market and discuss the psyops of the gold war where sales of 1100 tons (45% of annual new supply) is sold into the market at once in order to alter behavior. They observe crowds stampeding in the East for more physical gold while in the West, people are put on a restricted debt diet controlled by their governments based on needs not wants. Finally, they discuss the conflicts of interest at the heart of CISPA and Max starts his own hashtag - #AmericaFatigue. In the second half of the show, they talk to Wolf Richter of Testosteronepit.com about gold smashes, wealth grabs and government and Wall Street corruption.

Link to Hugo Salinas Price's Psyops article

Andrew Maguire on the disconnect between the Physical and Paper Price for Gold

Andrew Maguire discusses the recent crash in the gold price, LBMA delivery issues and the need to get your gold out the control of the bullion banks. Listen to the KWN interview here

The job losses and mine closures start following the Gold Price Crush

Now that we are seeing the greatest demand for physical gold and silver in the history of the world the mine closures have started. Because we all know that in a free market when you have unprecedented demand for a commodity the producers of that commodity will need to lay off staff and curtail production.

From smh.com.au

Original source

Newcrest Mining cut 150 jobs during March and is reviewing the future of some mines with "considerable" focus, as the recent plunge in the gold price continues to take a toll on Australia's fourth biggest mineral export industry.

The gold industry held strong as other commodities began to slide over the past 18 months, but succumbed to a sharp slump over the past fortnight when the price fell by about $US300 to around $US1320 per ounce.

The Hidden Valley mine in Papua New Guinea, which Newcrest owns 50 per cent of in a joint venture with Harmony Gold, is one such mine, given it produced at a cost of $1790 per ounce in the March quarter.

Read more: http://www.smh.com.au/business/newcrest-mines-under-review-20130423-2ibfl.html#ixzz2RF36upU3

The Resident: How the Economy Is a Ponzi Scheme

From RTAmerica

Counting the Cost - Gold: going for broke

From AlJazeeraEnglish

Monday, April 22, 2013

Gold Hits 30 Year Low - no just kidding

Although you wouldn't know if you only watched Reuters TV. They think gold has hit a 30 year low (it actually had the biggest fall in 30yrs, wiping off 2 yrs worth of rises), so Reuters are really asking you to believe that the spot price of gold is $500, as it was in April 1983.

To add insult to injury they go on to say the gold is no longer a safe haven (explain that to the ABC Bullion clients that queued for 2 hours to buy gold last week), but London property is even though it is at all time highs. But it gets better, you should buy Natural Gas (after it has recovered significantly from its lows), but then go onto explain that the supply is growing rapidly. But if that is not safe enough for you try Dairy, yes you will make a fortune selling milk and cheese to lactose intolerant Chinese and Japanese! although you might want to hedge that bet with shares in a toilet paper manufacturer. The best is kept for last, US T-bills at multi-generational highs they are surely the safest haven of them all.

The World of Synthetic Manufactured Terrorism

From TheAlexJonesChannel

Alan Greenspan on Share Market Price Propaganda

April 19 (Bloomberg) -- Alan Greenspan, former Federal Reserve chairman, speaks with Sara Eisen on the economic importance of the stock market and the reason for the recent market selloff. He speaks from the IMF World Bank Spring Meetings on Bloomberg Television's "Bloomberg Surveillance."

Truth About Markets

Max Keiser and Stacy Herbert with the Truth About Markets for Resonance 104.4 fm in London. They discuss the downgrade of UK debt by Fitch, the economic cost of shutting down Boston after the bombings and the cost of financial collapse in Ireland as more young men commit suicide.

Sunday, April 21, 2013

SGT Report UNBOUND: Paper Metals Collapse

From SGTbull07

Brother JohnF - Silver Shortage

From BrotherJohnF

Keiser Report - Correlation & Causation of Gold Price

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss Reinhart and Rogoff, Excel errors, correlation and causation and the gold selloff being a bonus for 'activist central bankers' who can now claim 'hyperinflation no longer a threat.' In the second half of the show, they talk to Dr. Paul Craig Roberts about the smack down in gold and the failure of 'laissez-faire capitalism'.

David Morgan - Satisfaction and Opportunity in Chaotic Times

From silver investor.com

Saturday, April 20, 2013


By Hugo Salinas Price.

 Original source

On the website wikipedia.org, under PSYOPS, the abbreviation used for “Psychological Operations” in government circles, we find:

“[….]Various techniques are used, by any set of groups, and aimed to influence a target audience's value systems, belief systems, emotions, motives, reasoning, or behavior.”

This definition of PSYOPS – “psychological operations” - applies to the events of Friday, April 12 and Monday, April 15, 2013, which were preceded by years of preparation before the knock-out blows of those days. The prolonged and unceasing war on gold took the quoted price of gold down from $1895 in early September, 2011, to $1380 as of this date; a fall of 27%. .

Following the wikipedia.org definition, the Psyops war on gold is intended to influence the target audience’s value system, belief system, emotions, motives, reasoning and behavior. I would add, especially this last, which is what directly affects the price of gold.

The latest stage of the war began many weeks ago, with regular take-downs of the price of gold in waterfall fashion, at set times of the day.

More recently, there appeared a series of planned announcements of oncoming doom from individuals prominent in finance and from bank analysts. The scenario painted for gold was one of a sky darkened by approaching thunderstorms.

The purpose of the 4-12 Psyops was to instill fear in the minds of the “target audience” - investors in gold. If you shoot a crow, and hang it up in your field, the crows – your “target audience” - will avoid the field. The same principle applies to investors in gold.

The identity of the target audience of the Psyops War on Gold is clearly revealed in the front-page article of the “Financial Times”, American edition, on Tuesday April 16, 2013.

Under the main headline, “Investors in rush to dump gold” is a graph of the performance of the gold price from January 3, 2011 to date, showing essentially no gain at all.

Notice the wording: “Investors….rush….dump gold”.

This is a classic example of PSYOPS.

It was most certainly not “investors” who caused the huge, historic collapse in the price of gold. It was a very few banks, working in cooperation with each other, in a pre-planned fashion. They sold, in huge amounts of tens of billions of dollars, not physical gold, but futures contracts – the infamous “paper gold”. It was the banks who rushed to “dump” the gold and not investors.

A News Agency report published on April 16 informs that Carsten Fritsch, commodities analyst for Commerzbank AG, Germany, says that on Friday, April 12, futures for more than 1,100 tonnes of gold were sold.

That amount of futures is equivalent to about 45% of world gold production.

It is completely impossible that investors in gold should decide to short such an immense quantity on the same day. The 4-12 operation was a deliberate bomb on the market, cast by the too-big-to-fail (or prosecute) banks, colluded with the Fed and no doubt, the Federal Government. The policy is: if the market is against your policy, bomb the market.

The intention of the 4-12 operation was to make gold investors think that their judgment regarding gold as a refuge for savings was mistaken, and to change their behavior accordingly: shun gold purchases.

Lying is a necessary part of PSYOPS, and so the collapse in price was not laid at the door of the colluded banks, but attributed to investors, because these are the “target audience” mentioned in the Wikipedia.org article. The PSYOPS told the investors that they, the investors, were panicking and dumping gold.

By identifying the “target audience” in the case of 4-12 as investors in gold we can detect the reason for the PSYOPS:

Investors around the world during the past months were approaching a condition of panic regarding the whole financial system of the world, and there was a danger of a sudden flight into the age-old refuge of owning physical gold. The events in Cyprus, where depositors in banks lost substantial parts of their funds, were very unsettling; and especially unsettling was the remark by the Dutchman “Mr. Diesel-boom” who said that this operation was a “template” for action in the case of problem banks in the rest of Europe. And if Europe was to suffer this, would American depositors in banks be far behind?

4-12 has achieved its purpose: it averted the stampede into gold – for the time being. But humans are not cattle which stampede due to a sudden fright – say, a startling gunshot - which quickly passes. The fright of humanity is caused by the immense financial fiasco involving the whole world’s finances and economies, and it is not a passing fright; it remains in place because the frightful conditions have not disappeared, but are increasing day by day.

American investors are fairly easy marks for the 4-12 PSYOPS. It is likely that many have not really grasped the importance of possession of gold; the American experience with gold during the past hundred years has been slight. For many years Americans were forbidden by Law to invest in gold. The prevailing mind-set is still: Stocks and Bonds. The average American investor in gold is a neophyte, and by holding gold acts against the opinions of the majority of his fellows. As de Tocqueville noted in his book “Democracy in America”, Americans have a deep-seated need to think alike. So perhaps a significant number of American investors in gold can be frightened into giving up on gold-investing.

The rest of the world is a different story. We have the governments of Russia and China who are oriented to gold through a long history of financial calamities unknown to Americans. India will be purchasing cheap gold hand over fist in the coming days; for Indians, gold is an essential element of their psyche. The Middle East - Semitic nations - and the Far East will also feast upon the low price of gold, for which they have an inborn affinity.

Investors facing financial and economic reality around the world will soon erase the effects of 4-12. Western gold investors who may succumb to 4-12 PSYOPS will soon regret their weakness.

Brother JohnF - Silver Update: Force Majeure

From BrotherJohnF

Fort Knox's Gold

In the documentary "The Secret World of Gold", my favourite bankster apologist Jeff Christian says he believes Fort Knox contains all the gold the sweet smelling US government say it does. Even though there has not been a complete physical audit and assay of the gold there since 1956. To Eric Sprott's credit he doubts the gold is all there and definitely not in good delivery form, ie trade able. I leave you to make up your own mind which is more creditable after reading the following article.

Thanks to The Doc at silverdoctors.com for publishing the following Globe article from 1981 throwing light on the Fort Knox gold and the mysterious 300 trucks.

Click on article to expand to viewable size

Pure Unadulterated Bankster Desperation

From SGTbull07

The Secret World Of Gold

** Highly Recommended viewing **

Canadian Broadcasting Corp. documentary on Gold, aired on 18th April 2013

I thought in light of subjects brought up in this documentary it would be worthy to re-post the following Keiser Report.

Friday, April 19, 2013

Weekend Chillout - Gold Rush

OMG what a week that was! ABC Bullion had its busiest week in its 40 year history, never have we run out of all of our primary gold products before, never has our affiliate refinery had to work overtime and weekends to attempt to keep up with demand for gold and silver.

Thank you to all our very patient and understanding clients that stood queuing for up to 2 hours just to get into the waiting room. A huge thanks to all my co-workers at ABC Bullion and our partners at Custodian Vaults - what a team! even if we did want to kill each other at various points during the week, but working, standing and rushing backwards and forwards for 10-12 hours per day for 5 days straight will do that to the best of us.

For all the Gold lovers this week:

Nigel Farage on Gold and the EU

Nigel Farage comments on the recent fall in the price of gold, government thieving in the Eurozone and the legacy of Margaret Thatcher. List to the KWN interview here

A Rotting Apple

If you think Gold and Silver investors have been having a tough time of late, it is nothing compared to the paper bugs that bought Apple shares. Truely why would anyone buy shares in a company for $700 each that makes computers and phones for people not cool and smart enough to use Linux?

What is the fair price for Gold?

If you really believe gold is only worth $800, you know about $400 less per ounce than it cost to mine, then I'll gladly buy it off you. Then you will be free to go buy some beautiful coloured paper or maybe some CDS, MBS, CFDs held by a nice brokerage firm run by men with nice beards.

Gold is many things to many people, to me it is a hedge against men with nice beards.

Jon Corzine (former CEO of MF Global)
Ben Bernanke

Keiser Report: Gold Theft in America

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss innuendo and paper causing a virtual theft of paper gold in America and a stampede into physical gold in India. They also discuss the five wise guys of Angela Merkel who plan on 'bailing in' some property owners in Spain should Spain require a sovereign bailout. In the second half of the show, they talk to Ed Harrison of CreditWritedowns.com about confiscation and German opinion on Europe.

Follow Max Keiser on Twitter: http://twitter.com/maxkeiser

Watch all Keiser Report shows here:
http://www.youtube.com/playlist?list=... (E1-E200)
http://www.youtube.com/playlist?list=... (E201-current)

Max in his report refers to the 20 year high in the Gold price in Japanese Yen set 10 days ago on the 9th of April 2013. See charts below, Max is not making this up.

Max Keiser vs Daniel Knowles on price of gold

Thursday, April 18, 2013

Gerald Celente - The Power Hour with Joyce Riley

From trendsjournal

Unknown Number of Dead in Texas Blast

From RussiaToday

From AssociatedPress

DL Wilson of the Texas Department of Public Safety says it's unknown how many people may have died in a massive fertilizer explosion near Waco, Texas. He compared the destruction to situations in Iraq and the Oklahoma City bombing.

From STProductionFilms

Rick Santelli - What if its the "wrong medicine?"

Nigel Farage on the EU Common Criminals

From UKIPmeps

After the Gold Rout: Blame Central Bank Manipulation, Says GATA’s Powell

Chris Powell of GATA.org discusses the recent fall in the gold price. Click on image to access video.

click on image to access video

Bargain hunters join the gold rush as prices drop

From smh.com.au

Original source

Sales of gold bullion and gold chains are boiling over as Sydney buyers rush to buy at bargain prices of around $1332 an ounce, about $200 cheaper than four days ago and $400 cheaper than when the price peaked two years ago.

Not since the global financial crisis have the phones rung so hot from gold buyers, said Jordan Eliseo, chief economist of the Australian Bullion Company on Pitt Street.

Sales had been so strong the company's phone system nearly crashed. The company had to hire temps to deal with customers phoning and waiting in queues of up to 60 to 80 to get into the company's already crowded salesrooms.

Read more: http://www.smh.com.au/national/bargain-hunters-join-the-gold-rush-as-prices-drop-20130417-2i0m8.html#ixzz2Ql11ny7R

Andy and Sean - The End Game

From SGTbull07

Wednesday, April 17, 2013

Kass vs. Schiff on Gold

Gold and Silver stage a cautious rally

Gold and Silver have staged a cautious rally in London and New York trading. As of time of writing gold is up 4% and silver up 7% from the extreme lows seen in Hong Kong and Sydney trading yesterday.

The last few days have been a trying time. Obviously a boon for those wanting to enter the market for the first time or those wanting to add a significant allocation to their existing holdings. But for those with significant exposure to precious metals it has been a testing time. Even I who has held my physical metals position thru the crash in 2008 and the parabolic move in 2011 found myself requesting the ABC Bullion CEO on Monday to "keep me away from sharp objects". Although I did feel comforted by the confidence of the overwhelming number of clients buying and total absence of sellers. That and I know that Gold and Silver have never fallen to zero in the last 5,000 years, unlike every type of paper assets.

charts from goldprice.org

Miners Margins Feel Pinch From Gold Price Drop

Boston Marathon Bombing

From AssociatedPress

Monday, April 15, 2013

Gold and Silver Prices Decline in Asian Trading Hours

Gold and Silver prices experienced another waterfall decline in Hong Kong and Sydney trading this morning after a positive start to the session. Rumours abound of managed money selling out client positions without regard to price. Of course this selling is all paper based, either ETFs or future contracts, there has been no sign of physical selling of gold and silver. As we near the end of Asian trading hours the price has stabilised and increased slightly. All eyes now are watching for the open in London and especially New York to determine the direction prices will take over the next 24 hours.

ABC Bullion has had very busy trading day with almost all clients seeing today as a spectacular buying opportunity. Of the dozens of clients I served today not one was selling, all where loading up on physical gold and silver bars.

Charts from goldprice.org

Korean nuclear war would make Chernobyl seem like 'fairy tale'

From RussiaToday

German party wants Deutsche Mark comeback

From AlJazeeraEnglish

A new political party in Germany is hoping to entice voters fed up with EU bailouts. The party, founded by academics and economists with the goal to dissolve the euro, wants to bring back the Deutsche Mark. Al Jazeera's Nick Spicer reports on Alternative for Germany's chances in an election year.

Peter Schiff: The Gold Bull Market is Dead - Long Live the Bull Market!

From SchiffReport

Mike Maloney - Today's Low Gold & Silver Prices Are Not Realistic

From ChrisMartensondotcom

Sunday, April 14, 2013

Dr Paul Craig Roberts on the Gold price action and Protecting the Dollar

Dr. Paul Craig Roberts discusses action in the gold price on Friday and the how it ties into the Fed's actions it is taking to protect the value of the dollar in spite of monetary debasement. Listen to the KWN interview here

10% of US Silver Supply Slides into the World's Largest Hole

Interesting to observe just as US Silver Eagle sales hit record levels and 10% of US silver supply goes offline for the foreseeable future the COMEX market sells the silver price down by 6%. Because we all know that when you have record demand and a significant unexpected loss of supply of a commodity that the price of that commodity in the future markets will decline....WTF?

From kennecott.com

Link to press release

South Jordan, Utah (April 11, 2013) - Kennecott Utah Copper’s Bingham Canyon Mine experienced a slide along a geotechnical fault-line of its northeastern wall at 9:30 p.m. MDT April 10, 2013. Monitoring systems identified the event as a single slide that failed progressively.

All employees are safe and accounted for. Rio Tinto’s Kennecott Utah Copper wants to publicly thank them for their efforts and cooperation.

The magnitude of the impact from the slide is unknown at this point. Experts are assessing the site remotely. Once it has been established that it is safe to send people into the mine for closer assessment next response steps will be determined.


In 2011, Kennecott produced 237,000 tons of copper, 379,000 troy ounces of gold, 3.2 million troy ounces of silver (10% of US annual supply*), 30 million pounds of molybdenum and other products.

* % calculated from Kennecott mine data and USGS data for 2011.

Bonus Chillout - Don't Dream Its Over

I thought some inspirational music was called for to strengthen resolve of disheartened gold and silver investors after Friday's price smash.

Keiser Report - Bitcoin Bubble Buzz

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Old Lady's gold habit, the gold that may be leaving Cyprus' central bank (or not) and Confucius' famous saying: "IMF STUPID SELL TO GOLD, I'M BUYING." They also look at the Federal Reserve data accidentally sent to Wall Street bank lobbyists and the venture capitalists entering the new Land Grab.

In the second half of the show, Max Keiser talks to James Turk about money, gold, bitcoin, currency wars and the nature of bank failures: to look good until the bank fails overnight. They also discuss Austrian school theories on money and how they relate to gold and to bitcoin.

Brother JohnF - Endgame Disconnect

From BrotherJohnF

Truth About Markets

Max Keiser and Stacy Herbert of MaxKeiser.com with their weekly radio show for Resonance 104.4 FM. This week they discuss the Mt.Gox crash and bitcoin; the massive gold and silver sell-offs and Margaret Thatcher's death.

Saturday, April 13, 2013

Bitcoins much safer than money in banks?

From RussiaToday

The Great Gold vs Bitcoin Debate: Casey vs Matonis

From GoldMoneyNews

Gold and Silver Prices Smashed Down

Gold and Silver have declined significantly in New York COMEX and Globex trading. Gold has ended the week down $87 from Thursday's COMEX close to $1477, a decline of 5.5%. Silver declined $1.71 to a suspicious looking $25.99, a decline of 6%. Rumours in the market have surrounded the need for Cyprus to sell its nation's gold reserves to help make up the shortfall in the IMF/ECB bailout package, although a more significant rumour is of a Morgan Stanley trader dropping 4 Mil oz of gold during the COMEX session which then triggered stop-loss levels of other market participants, particularly as the price fell through $1500. To give you some prospective on how much 4 Mil oz of gold is, it equates to approx 125 tonnes, $6 Bil or 56% more gold than the gold reserves of the Reserve Bank of Australia (RBA reserves are 80 tonnes). Obviously this drop of gold was in paper form, not physical, otherwise there would be a very large dint in the pit floor of the COMEX.

Expect Chinese buyers to gorge themselves come the Hong Kong and Shanghai open on Monday morning. 

charts from goldprice.org

Marc Faber's view on the gold price fall:

Analysis from Ashraf Laidi in London (click on image to access video)

Friday, April 12, 2013

Cyprus Fighting $500 Million+ Gold Sale

From Greg Hunter

Is Slovenia next?

From AlJazeeraEnglish


 A fascinating documentary on the recent explosion of a meteorite over Russia.

From RussiaToday

Weekend Chillout - In Coming!

With increasing tensions with North Korea this week one hopes we never revisit the Korean war, because this time it will not be contained and billions will be affected.

Keiser Report - Myths of Margaret Thatcher

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert explore the myth of whether Margaret Thatcher "saved Britain," or gave them a British dream of "striving to mature before your debts do." They look at North Sea oil production, and wonder how big a UK sovereign wealth fund would be today if Thatcher had saved any of the country's oil wealth. In the second half of the show, Max Keiser talks to Jan Skoyles of The Real Asset Company about Bitcoin: Is she bit-curious or bit-con? They also discuss her report released today which asks, who is buying gold? Brazil, Paraguay, China are stacking bail-ins with the people's money in the bank.

The Elite's Plan For One World Currency

From TruthNeverTold

Thursday, April 11, 2013

Breaking The Set

From breakingtheset

Central Banks Directly Going After Nation's Gold

From FinanceAndLiberty

Goldman Sachs Lowers Target on Gold

Personally I would prefer to go long gold into 2017+ and short Goldman Sachs, but then that might be my anti-theiving Yankee bankers - pro real things bias talking.

Yen Edges to 100 as BOJ Says Enough for Now

April 11 (Bloomberg) -- John Dawson reports on the yen. He speaks with Susan Li on Bloomberg Television's "First Up."

Swiss Vault exudes old world opulence

April 10 (Bloomberg) -- Bloomberg goes deep underground, below the Zurich headquarters of Credit Suisse, and inside one of the bank's secure vaults dedicated to private clients.

SIS Toronto 13': Lawrence Roulston, Investing in the Future of Developing Metal Companies

From EvenKeelMedia

Black Rain

Brilliant artwork by WilliamBanzai7


Cyprus forced to sell 10 tons of Gold

Love the word "agreed" as if anyone ever "agrees" to sell their gold, words "forced" or "captured" would be more appropriate. 

From reuters.com

Original source

(Reuters) - Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed.

The draft assessment, obtained by Reuters, also said that Cyprus would raise 10.6 billion euros from the winding down of Laiki Bank and the losses imposed on junior bondholders and the deposit-for-equity swap for uninsured deposits in the Bank of Cyprus.

Silencing alternate views

From PressTVGlobalNews

Immature To Say Gold No Longer a Safe-Haven Asset:

From KitcoNews

Wednesday, April 10, 2013

BrotherJohnF and Chris Duane Q & A

From UnconventionalFIN

Gerard Casey - 'No property is safe in the EU'

From GoldMoneyNews

Could Germany Leave the Euro?

Of course Jim Willie reported the possibility of Germany and other Nordic nations leaving the current form of the Euro many years ago.

Japanese Gold Rush

Link to story

Thailand Gold Shops Run Out of Gold

After reading a story on silverdoctors.com about the gold stores in Bangkok's Chinatown running out of Gold (see story here) I thought I would check the situation with my cousin who lives in a provincial capital in central Thailand.

Here is her report:

9 April 2013

Greg. They are so busy everyday. Thai people think that if they buy the gold as they can, they will get more profit of gold (when the gold price is up).

Because of interest, buying gold is better than depositing the money at Bank and it is better than investing the stock exchange too. So the gold shop is lack of them. (I love the fact that my cuz is a bank teller but realises that gold is better than money in the bank ~ tears)

Now, the gold price in Thailand is :
Gold Bullion:

Buying 21,600 B.
Selling 21,700 B.

Gold Ornament:

Buying 21,284.64 B.
Selling 22,100 B.

The gold price has been down about 50-100 B. per day

John Embry - All my cash is in Gold

John Embry discusses QE forever and hyperinflation. Also how he considers gold and silver are money and investments are gold and silver mining companies. Listen to the KWN interview here

Chinese media report on direct Yuan-Australian Dollar trading

Michel Chossudovsky: Korean Crossroads: US Wish for Pre-emptive Action 'Prelude to Global Warfare'

From GlobalResearchTV

North Korea threats: Fidel Castro issues warning

Bill Gross' Guide to Stamp Collecting