Aussie band The Badloves playing at the best live music dive in Sydney The Basement
Saturday, February 15, 2014
Weekend Chillout - What's going on?
What's going on? Gold and Silver have hit 2014 highs going into the weekly close, gold has even wiped out half of its 2013 losses, in Aussie dollars at least. If I work it out, I'll let you know.
Paul Craig Roberts on the US economy and paper versus physical gold
From Boom Bust
Erin Ade conducts a wide-ranging interview with economist Paul Craig Roberts, an Assistant Secretary of the Treasury in the Reagan Administration and a co-founder of Reaganomics. He has voiced his concerns about the strength of the US economy, US politics, and US civil liberties. Roberts also believes the US is playing fast and loose with the monetary system and the value of the dollar. He speculates that, as the German Bundesbank has begun repatriating its gold from overseas out of storage in places like the Federal Reserve, the Fed will not be able to make delivery because it doesn't physically possess the gold. Similarly, Roberts does not believe Gold ETF funds have enough physical gold to back their exchange traded fund shares.
Erin Ade conducts a wide-ranging interview with economist Paul Craig Roberts, an Assistant Secretary of the Treasury in the Reagan Administration and a co-founder of Reaganomics. He has voiced his concerns about the strength of the US economy, US politics, and US civil liberties. Roberts also believes the US is playing fast and loose with the monetary system and the value of the dollar. He speculates that, as the German Bundesbank has begun repatriating its gold from overseas out of storage in places like the Federal Reserve, the Fed will not be able to make delivery because it doesn't physically possess the gold. Similarly, Roberts does not believe Gold ETF funds have enough physical gold to back their exchange traded fund shares.
Friday, February 14, 2014
Gold breaks and holds $1300
Gold broke US$1,300/oz overnight in New York trading and has so far managed to hold and consolidate during Sydney, Asian and London trading. The test of this level will be New York trading tonight as often the gold price trades down going into the weekly close as the day traders sell winning trades so they can buy blow for the weekend.
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| chart from goldprice.org |
Happy Valentine's Day
Happy Valentine's day to all my blog followers. To celebrate I thought I would post possibly the greatest love song ever written, Split Enz's "Message to My Girl". The first version is Neil Finn with the New Zealand Symphony Orchestra (skip the first minute) and the second is the original music video from Split Enz.
Thursday, February 13, 2014
Global Precious Metal Roundtable
From ABC Bullion
Monthly catch up with fellow young gold analysts Ronald Stoeferle of Incrementum AG, Tekoa Da Silva of Bull Market Thinking and Jan Skoyles of the Real Asset Company discussing the latest market, economic and political developments, especially those affecting precious metal investment.
Monthly catch up with fellow young gold analysts Ronald Stoeferle of Incrementum AG, Tekoa Da Silva of Bull Market Thinking and Jan Skoyles of the Real Asset Company discussing the latest market, economic and political developments, especially those affecting precious metal investment.
Wednesday, February 12, 2014
Why Congress is Obsessed with Snowden
As a contrast the Australian TV news shows are only talking about sport in Sochi.
From breakingtheset
Published on Feb 11, 2014
Abby Martin takes a look at the corporate media's fearmongering regarding the Sochi Olympics with RT political commentator Sam Sacks, who breaks down the latest intelligence hearings regarding the worldwide 'threats' Congress is most focused on: Snowden.
From breakingtheset
Published on Feb 11, 2014
Abby Martin takes a look at the corporate media's fearmongering regarding the Sochi Olympics with RT political commentator Sam Sacks, who breaks down the latest intelligence hearings regarding the worldwide 'threats' Congress is most focused on: Snowden.
Tuesday, February 11, 2014
Protests come to Sarajevo
From RT
Published on Feb 8, 2014
Thousands of people across Bosnia set fire to local government buildings and clashed with police. Hundreds have been injured in three days of protests in a state that's slipping into serious economic stagnation with around 40 per cent of the population out of work.
The capital Sarajevo, rioters set the Presidential building ablaze, along with police cars and tires. Authorities fired rubber bullets, water cannon and tear gas to disperse the crowds. In other parts of the country protesters hurled rocks at security forces and torched local government buildings.
The unrest initially erupted over the closure of several state-owned companies that were sold off and then collapsed under private ownership.
Published on Feb 8, 2014
Thousands of people across Bosnia set fire to local government buildings and clashed with police. Hundreds have been injured in three days of protests in a state that's slipping into serious economic stagnation with around 40 per cent of the population out of work.
The capital Sarajevo, rioters set the Presidential building ablaze, along with police cars and tires. Authorities fired rubber bullets, water cannon and tear gas to disperse the crowds. In other parts of the country protesters hurled rocks at security forces and torched local government buildings.
The unrest initially erupted over the closure of several state-owned companies that were sold off and then collapsed under private ownership.
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