Friday, May 16, 2014

Weekend Chillout - Stolen Dance

With the news this week that the London Silver Fix will soon be ending one wonders how the banks and other nefarious players will cope without the trading dance around the fix time, maybe they will have to be content to slam the silver price on the Comex close instead.

In the Future the Roads will be Paved with Silver

Can you imagine how much silver paste, solder and wiring this device would consume if it was adopted on a large scale?

May 15 (Bloomberg) -- Scott Brusaw, founder of Solar Roadways, discusses the modular paving system he claims can withstand 250,000 pounds, create electricity and melt snow. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock."

Gold, Mainstream Media and Economists

Got to love mainstream lies errors when discussing the price action of gold. The talking head opens this video stating the gold price has fallen 6% this year. When of course as of writing it is up 8% in USD (1 Jan gold was $1,200: 16 May gold is $1296).

Interesting to note in this video the two people of Asian backgrounds understand gold, and the three white guys can only think about ETFs and being confused on how to price gold (although I am sure they would have no issue discussing the pricing of any other currency).

And that is all we really need to know. Asians know the value of gold and are hence buying, white guys don't have a clue and hence are selling gold.  West to East the flow of gold will continue until there is none left.

May 15 (Bloomberg) -- Ed Moy, chief strategist at Morgan Gold, talks about the outlook for the gold market. He speaks with Adam Johnson, Scarlet Fu, and Tom Keene on Bloomberg Television's "Surveillance." Author and economist Steven Levitt also speaks.

Oh just on the point of "when the world goes to hell" - well then it is only gold (and silver) that is taken as payment.

Zimbabwe - A place that went to hell:

Clarke and Dawe - Selling the Budget

From ClarkeAndDawe

Published on May 14, 2014 "Tony Abbott, Prime Minister of Australia." Originally aired on ABC TV: 15/05/2014